Exhibit 10.1

A

MENDED AND

R

ESTATED

C

REDIT

A

GREEMENT

D

ATED AS OF

N

OVEMBER

15,

2021

AMONG

C

AL

-M

AINE

F

OODS

,

I

NC

.,

T

HE

G

UARANTORS FROM TIME TO TIME PARTY HERETO

,

THE

L

ENDERS FROM TIME TO TIME PARTY HERETO

,

AND

BMO

H

ARRIS

B

ANK

N.A.,

AS

A

DMINISTRATIVE

A

GENT

BMO

C

APITAL

M

ARKETS

,

 AS

S

OLE

L

EAD

A

RRANGER AND

S

OLE

B

OOK

R

UNNER

AND

G

REEN

S

TONE

F

ARM

C

REDIT

S

ERVICES

,

ACA,

 AS

S

YNDICATION

A

GENT

-i-

T

ABLE OF

C

ONTENTS

S

ECTION

 H

EADING

 P

AGE

S

ECTION

 1. D

EFINITIONS

;

I

NTERPRETATION

 ....................................................................2

Section 1.1. Definitions..............................................................................................2

Section 1.2. Interpretation ........................................................................................26

Section 1.3. Change in Accounting Principles .........................................................27

Section 1.4. Divisions ..............................................................................................27

S

ECTION

 2. T

HE

R

EVOLVING

F

ACILITY

 .........................................................................27

Section 2.1. Revolving Facility ................................................................................27

Section 2.2 Swingline Loans...................................................................................28

Section 2.3. Letters of Credit ...................................................................................30

Section 2.4. Applicable Interest Rates .....................................................................33

Section 2.5. Minimum Borrowing Amounts; Maximum Eurodollar Loans ............34

Section 2.6. Manner of Borrowing Loans and Designating Applicable Interest

Rates .....................................................................................................34

Section 2.7. Maturity of Loans ................................................................................36

Section 2.8. Prepayment ..........................................................................................36

Section 2.9. Default Rate .........................................................................................39

Section 2.10. Evidence of Indebtedness ....................................................................39

Section 2.11. Commitment Terminations ..................................................................40

Section 2.12. Replacement of Lenders ......................................................................40

Section 2.13. Defaulting Lenders ...............................................................................41

Section 2.14. Cash Collateral for Fronting Exposure ................................................44

Section 2.15. Increase in Revolving Credit Commitments; Making of Incremental

Term Loans ..........................................................................................45

Section 2.16. Extension Option .................................................................................46

S

ECTION

 3. F

EES

 ............................................................................................................48

Section 3.1. Fees ......................................................................................................48

S

ECTION

 4. T

AXES

;

C

HANGE IN

C

IRCUMSTANCES

,

I

NCREASED

C

OSTS

,

 AND

F

UNDING

I

NDEMNITY

 .................................................................................................49

Section 4.1. Taxes ....................................................................................................49

Section 4.2. Change of Law .....................................................................................52

Section 4.3. Unavailability of Deposits or Inability to Ascertain, or Inadequacy of,

LIBOR..................................................................................................53

Section 4.4. Increased Costs ....................................................................................62

Section 4.5. Funding Indemnity ...............................................................................63

Section 4.6. Discretion of Lender as to Manner of Funding ....................................64

Section 4.7. Lending Offices; Mitigation Obligations .............................................64

-ii-

S

ECTION

 5. P

LACE AND

A

PPLICATION OF

P

AYMENTS

 ....................................................64

Section 5.1. Place and Application of Payments .....................................................64

Section 5.2. Non-Business Days ..............................................................................65

Section 5.3. Payments Set Aside..............................................................................65

Section 5.4. Account Debit ......................................................................................65

S

ECTION

 6. R

EPRESENTATIONS AND

W

ARRANTIES

 ........................................................66

Section 6.1. Organization and Qualification ............................................................66

Section 6.2. Subsidiaries ..........................................................................................66

Section 6.3. Authority and Validity of Obligations .................................................66

Section 6.4. Use of Proceeds; Margin Stock............................................................67

Section 6.5. Financial Reports .................................................................................67

Section 6.6. No Material Adverse Change...............................................................68

Section 6.7. Full Disclosure .....................................................................................68

Section 6.8. Trademarks, Franchises, and Licenses .................................................68

Section 6.9. Governmental Authority and Licensing ...............................................68

Section 6.10. Good Title ............................................................................................69

Section 6.11. Litigation and Other Controversies ......................................................69

Section 6.12. Taxes ....................................................................................................69

Section 6.13. Approvals .............................................................................................69

Section 6.14. Affiliate Transactions ...........................................................................69

Section 6.15. Investment Company ...........................................................................69

Section 6.16. ERISA ..................................................................................................69

Section 6.17. Compliance with Laws ........................................................................70

Section 6.18. OFAC ...................................................................................................71

Section 6.19. Labor Matters .......................................................................................71

Section 6.20. Other Agreements ................................................................................71

Section 6.21. Solvency ...............................................................................................71

Section 6.22. No Default ............................................................................................71

Section 6.23. No Broker Fees ....................................................................................71

S

ECTION

 7. C

ONDITIONS

P

RECEDENT

 ............................................................................72

Section 7.1. All Credit Events..................................................................................72

Section 7.2. Initial Credit Event ...............................................................................72

S

ECTION

 8. C

OVENANTS

 ................................................................................................74

Section 8.1. Maintenance of Business .....................................................................74

Section 8.2. Maintenance of Properties ...................................................................75

Section 8.3. Taxes and Assessments ........................................................................75

Section 8.4. Insurance ..............................................................................................75

Section 8.5. Financial Reports .................................................................................76

Section 8.6. Inspection; Field Audits .......................................................................78

Section 8.7. Borrowings and Guaranties ..................................................................78

Section 8.8. Liens .....................................................................................................80

-iii-

Section 8.9. Investments, Acquisitions, Loans and Advances .................................82

Section 8.10. Mergers, Consolidations and Sales ......................................................83

Section 8.11. Maintenance of Subsidiaries ................................................................84

Section 8.12. Dividends and Certain Other Restricted Payments ..............................85

Section 8.13. ERISA ..................................................................................................85

Section 8.14. Compliance with Laws ........................................................................85

Section 8.15. Compliance with OFAC Sanctions Programs and Anti-Corruption

Laws .....................................................................................................86

Section 8.16. Burdensome Contracts With Affiliates ................................................87

Section 8.17. No Changes in Fiscal Year ..................................................................88

Section 8.18. Formation of Subsidiaries ....................................................................88

Section 8.19. Change in the Nature of Business ........................................................88

Section 8.20. Use of Proceeds ....................................................................................88

Section 8.21. No Restrictions.....................................................................................88

Section 8.22. Financial Covenants .............................................................................88

S

ECTION

 9. E

VENTS OF

D

EFAULT AND

R

EMEDIES

 .........................................................89

Section 9.1. Events of Default .................................................................................89

Section 9.2. Non-Bankruptcy Defaults ....................................................................91

Section 9.3. Bankruptcy Defaults ............................................................................91

Section 9.4. Collateral for Undrawn Letters of Credit .............................................92

Section 9.5. Post-Default Collections ......................................................................92

S

ECTION

 10. T

HE

A

DMINISTRATIVE

A

GENT

 ....................................................................93

Section 10.1. Appointment and Authority .................................................................93

Section 10.2. Rights as a Lender ................................................................................93

Section 10.3. Action by Administrative Agent; Exculpatory Provisions ..................94

Section 10.4. Reliance by Administrative Agent .......................................................95

Section 10.5. Delegation of Duties ............................................................................95

Section 10.6. Resignation of Administrative Agent ..................................................96

Section 10.7. Non-Reliance on Administrative Agent and Other Lenders ................96

Section 10.8. L/C Issuer and Swingline Lender ........................................................97

Section 10.9. Hedging Liability and Bank Product Obligations ................................98

Section 10.10. Designation of Additional Agents .......................................................98

Section 10.11. Authorization to Enter into, and Enforcement of, the Collateral

Documents; Possession of Collateral ...................................................98

Section 10.12. Authorization to Release, Limit or Subordinate Liens or to Release

Guaranties ............................................................................................99

Section 10.13. Authorization of Administrative Agent to File Proofs of Claim .......100

Section 10.14. Certain ERISA Matters ......................................................................101

Section 10.15. Recovery of Erroneous Payments ......................................................102

S

ECTION

 11. T

HE

G

UARANTEES

 ....................................................................................102

Section 11.1. The Guarantees ..................................................................................102

Section 11.2. Guarantee Unconditional ...................................................................103

-iv-

Section 11.3. Discharge Only upon Payment in Full; Reinstatement in Certain

Circumstances ....................................................................................104

Section 11.4. Subrogation ........................................................................................104

Section 11.5. Subordination .....................................................................................105

Section 11.6. Waivers ..............................................................................................105

Section 11.7. Limit on Recovery .............................................................................105

Section 11.8. Stay of Acceleration ...........................................................................105

Section 11.9. Benefit to Guarantors .........................................................................105

Section 11.10. Keepwell ............................................................................................105

S

ECTION

 12. C

OLLATERAL

 ............................................................................................106

Section 12.1. Collateral ............................................................................................106

Section 12.2. Depository Banks ...............................................................................106

Section 12.3. Further Assurances.............................................................................106

S

ECTION

 13. M

ISCELLANEOUS

 ......................................................................................107

Section 13.1. Notices ...............................................................................................107

Section 13.2. Successors and Assigns ......................................................................108

Section 13.3. Amendments ......................................................................................112

Section 13.4. Costs and Expenses; Indemnification ................................................114

Section 13.5. No Waiver, Cumulative Remedies ....................................................116

Section 13.6. Right of Setoff....................................................................................116

Section 13.7. Sharing of Payments by Lenders .......................................................117

Section 13.8. Survival of Representations ...............................................................118

Section 13.9. Survival of Indemnities ......................................................................118

Section 13.10. Counterparts; Integration; Effectiveness ............................................118

Section 13.11. Headings ............................................................................................118

Section 13.12. Severability of Provisions ..................................................................118

Section 13.13. Construction .......................................................................................119

Section 13.14. Excess Interest ...................................................................................119

Section 13.15. Lender’s and L/C Issuer’s Obligations Several .................................119

Section 13.16. No Advisory or Fiduciary Responsibility ..........................................120

Section 13.17. Governing Law; Jurisdiction; Consent to Service of Process ............120

Section 13.18. Waiver of Jury Trial ...........................................................................121

Section 13.19. USA Patriot Act .................................................................................121

Section 13.20. Confidentiality ...................................................................................121

Section 13.21. Acknowledgement and Consent to Bail-In of EEA Financial

Institutions..........................................................................................122

Section 13.22. Amendment and Restatement ............................................................123

Section 13.23. Acknowledgement Regarding Any Supported QFCs ........................123

S

ECTION

 1. D

EFINITIONS

;

I

NTERPRETATION

 ....................................................................2

Section 1.1. Definitions..............................................................................................2

Section 1.2. Interpretation ........................................................................................26

Section 1.3. Change in Accounting Principles .........................................................27

-v-

Section 1.4. Divisions ..............................................................................................27

S

ECTION

 2. T

HE

R

EVOLVING

F

ACILITY

 .........................................................................27

Section 2.1. Revolving Facility ................................................................................27

Section 2.2 Swingline Loans...................................................................................28

Section 2.3. Letters of Credit ...................................................................................30

Section 2.4. Applicable Interest Rates .....................................................................33

Section 2.5. Minimum Borrowing Amounts; Maximum Eurodollar Loans ............34

Section 2.6. Manner of Borrowing Loans and Designating Applicable Interest

Rates .....................................................................................................34

Section 2.7. Maturity of Loans ................................................................................36

Section 2.8. Prepayment ..........................................................................................36

Section 2.9. Default Rate .........................................................................................39

Section 2.10. Evidence of Indebtedness ....................................................................39

Section 2.11. Commitment Terminations ..................................................................40

Section 2.12. Replacement of Lenders ......................................................................40

Section 2.13. Defaulting Lenders ...............................................................................41

Section 2.14. Cash Collateral for Fronting Exposure ................................................44

Section 2.15. Increase in Revolving Credit Commitments; Making of Incremental

Term Loans ..........................................................................................45

Section 2.16. Extension Option .................................................................................46

S

ECTION

 3. F

EES

 ............................................................................................................48

Section 3.1. Fees ......................................................................................................48

S

ECTION

 4. T

AXES

;

C

HANGE IN

C

IRCUMSTANCES

,

I

NCREASED

C

OSTS

,

 AND

F

UNDING

I

NDEMNITY

 .................................................................................................49

Section 4.1. Taxes ....................................................................................................49

Section 4.2. Change of Law .....................................................................................52

Section 4.3. Unavailability of Deposits or Inability to Ascertain, or Inadequacy of,

LIBOR..................................................................................................53

Section 4.4. Increased Costs ....................................................................................62

Section 4.5. Funding Indemnity ...............................................................................63

Section 4.6. Discretion of Lender as to Manner of Funding ....................................64

Section 4.7. Lending Offices; Mitigation Obligations .............................................64

S

ECTION

 5. P

LACE AND

A

PPLICATION OF

P

AYMENTS

 ....................................................64

Section 5.1. Place and Application of Payments .....................................................64

Section 5.2. Non-Business Days ..............................................................................65

Section 5.3. Payments Set Aside..............................................................................65

Section 5.4. Account Debit ......................................................................................65

S

ECTION

 6. R

EPRESENTATIONS AND

W

ARRANTIES

 ........................................................66

Section 6.1. Organization and Qualification ............................................................66

-vi-

Section 6.2. Subsidiaries ..........................................................................................66

Section 6.3. Authority and Validity of Obligations .................................................66

Section 6.4. Use of Proceeds; Margin Stock............................................................67

Section 6.5. Financial Reports .................................................................................67

Section 6.6. No Material Adverse Change...............................................................68

Section 6.7. Full Disclosure .....................................................................................68

Section 6.8. Trademarks, Franchises, and Licenses .................................................68

Section 6.9. Governmental Authority and Licensing ...............................................68

Section 6.10. Good Title ............................................................................................69

Section 6.11. Litigation and Other Controversies ......................................................69

Section 6.12. Taxes ....................................................................................................69

Section 6.13. Approvals .............................................................................................69

Section 6.14. Affiliate Transactions ...........................................................................69

Section 6.15. Investment Company ...........................................................................69

Section 6.16. ERISA ..................................................................................................69

Section 6.17. Compliance with Laws ........................................................................70

Section 6.18. OFAC ...................................................................................................71

Section 6.19. Labor Matters .......................................................................................71

Section 6.20. Other Agreements ................................................................................71

Section 6.21. Solvency ...............................................................................................71

Section 6.22. No Default ............................................................................................71

Section 6.23. No Broker Fees ....................................................................................71

S

ECTION

 7. C

ONDITIONS

P

RECEDENT

 ............................................................................72

Section 7.1. All Credit Events..................................................................................72

Section 7.2. Initial Credit Event ...............................................................................72

S

ECTION

 8. C

OVENANTS

 ................................................................................................74

Section 8.1. Maintenance of Business .....................................................................74

Section 8.2. Maintenance of Properties ...................................................................75

Section 8.3. Taxes and Assessments ........................................................................75

Section 8.4. Insurance ..............................................................................................75

Section 8.5. Financial Reports .................................................................................76

Section 8.6. Inspection; Field Audits .......................................................................78

Section 8.7. Borrowings and Guaranties ..................................................................78

Section 8.8. Liens .....................................................................................................80

Section 8.9. Investments, Acquisitions, Loans and Advances .................................82

Section 8.10. Mergers, Consolidations and Sales ......................................................83

Section 8.11. Maintenance of Subsidiaries ................................................................84

Section 8.12. Dividends and Certain Other Restricted Payments ..............................85

Section 8.13. ERISA ..................................................................................................85

Section 8.14. Compliance with Laws ........................................................................85

Section 8.15. Compliance with OFAC Sanctions Programs and Anti-Corruption

Laws .....................................................................................................86

Section 8.16. Burdensome Contracts With Affiliates ................................................87

-vii-

Section 8.17. No Changes in Fiscal Year ..................................................................88

Section 8.18. Formation of Subsidiaries ....................................................................88

Section 8.19. Change in the Nature of Business ........................................................88

Section 8.20. Use of Proceeds ....................................................................................88

Section 8.21. No Restrictions.....................................................................................88

Section 8.22. Financial Covenants .............................................................................88

S

ECTION

 9. E

VENTS OF

D

EFAULT AND

R

EMEDIES

 .........................................................89

Section 9.1. Events of Default .................................................................................89

Section 9.2. Non-Bankruptcy Defaults ....................................................................91

Section 9.3. Bankruptcy Defaults ............................................................................91

Section 9.4. Collateral for Undrawn Letters of Credit .............................................92

Section 9.5. Post-Default Collections ......................................................................92

S

ECTION

 10. T

HE

A

DMINISTRATIVE

A

GENT

 ....................................................................93

Section 10.1. Appointment and Authority .................................................................93

Section 10.2. Rights as a Lender ................................................................................93

Section 10.3. Action by Administrative Agent; Exculpatory Provisions ..................94

Section 10.4. Reliance by Administrative Agent .......................................................95

Section 10.5. Delegation of Duties ............................................................................95

Section 10.6. Resignation of Administrative Agent ..................................................96

Section 10.7. Non-Reliance on Administrative Agent and Other Lenders ................96

Section 10.8. L/C Issuer and Swingline Lender ........................................................97

Section 10.9. Hedging Liability and Bank Product Obligations ................................98

Section 10.10. Designation of Additional Agents .......................................................98

Section 10.11. Authorization to Enter into, and Enforcement of, the Collateral

Documents; Possession of Collateral ...................................................98

Section 10.12. Authorization to Release, Limit or Subordinate Liens or to Release

Guaranties ............................................................................................99

Section 10.13. Authorization of Administrative Agent to File Proofs of Claim .......100

Section 10.14. Certain ERISA Matters ......................................................................101

Section 10.15. Recovery of Erroneous Payments ......................................................102

S

ECTION

 11. T

HE

G

UARANTEES

 ....................................................................................102

Section 11.1. The Guarantees ..................................................................................102

Section 11.2. Guarantee Unconditional ...................................................................103

Section 11.3. Discharge Only upon Payment in Full; Reinstatement in Certain

Circumstances ....................................................................................104

Section 11.4. Subrogation ........................................................................................104

Section 11.5. Subordination .....................................................................................105

Section 11.6. Waivers ..............................................................................................105

Section 11.7. Limit on Recovery .............................................................................105

Section 11.8. Stay of Acceleration ...........................................................................105

Section 11.9. Benefit to Guarantors .........................................................................105

Section 11.10. Keepwell ............................................................................................105

-viii-

S

ECTION

 12. C

OLLATERAL

 ............................................................................................106

Section 12.1. Collateral ............................................................................................106

Section 12.2. Depository Banks ...............................................................................106

Section 12.3. Further Assurances.............................................................................106

S

ECTION

 13. M

ISCELLANEOUS

 ......................................................................................107

Section 13.1. Notices ...............................................................................................107

Section 13.2. Successors and Assigns ......................................................................108

Section 13.3. Amendments ......................................................................................112

Section 13.4. Costs and Expenses; Indemnification ................................................114

Section 13.5. No Waiver, Cumulative Remedies ....................................................116

Section 13.6. Right of Setoff....................................................................................116

Section 13.7. Sharing of Payments by Lenders .......................................................117

Section 13.8. Survival of Representations ...............................................................118

Section 13.9. Survival of Indemnities ......................................................................118

Section 13.10. Counterparts; Integration; Effectiveness ............................................118

Section 13.11. Headings ............................................................................................118

Section 13.12. Severability of Provisions ..................................................................118

Section 13.13. Construction .......................................................................................119

Section 13.14. Excess Interest ...................................................................................119

Section 13.15. Lender’s and L/C Issuer’s Obligations Several .................................119

Section 13.16. No Advisory or Fiduciary Responsibility ..........................................120

Section 13.17. Governing Law; Jurisdiction; Consent to Service of Process ............120

Section 13.18. Waiver of Jury Trial ...........................................................................121

Section 13.19. USA Patriot Act .................................................................................121

Section 13.20. Confidentiality ...................................................................................121

Section 13.21. Acknowledgement and Consent to Bail-In of EEA Financial

Institutions..........................................................................................122

Section 13.22. Amendment and Restatement ............................................................123

Section 13.23. Acknowledgement Regarding Any Supported QFCs ........................123

Signature Page ............................................................................................................................. S-1

-ix-

E

XHIBIT

 A — Notice of Payment Request

E

XHIBIT

 B — Notice of Borrowing

E

XHIBIT

 C — Notice of Continuation/Conversion

E

XHIBIT

 D-1 — Revolving Note

E

XHIBIT

 D-2 — Swing Note

E

XHIBIT

 E — Compliance Certificate

E

XHIBIT

 F — Additional Guarantor Supplement

E

XHIBIT

 G — Assignment and Assumption

E

XHIBIT

 H-1 — Form of

U.S. Tax Compliance Certificate

E

XHIBIT

 H-2 — Form of

U.S. Tax Compliance Certificate

E

XHIBIT

 H-3 — Form of

U.S. Tax Compliance Certificate

E

XHIBIT

 H-4 — Form of

U.S. Tax Compliance Certificate

E

XHIBIT

 I — Increase Request

SCHEDULE 1.1 — Cal-Maine Foods Investment Guidelines

S

CHEDULE

2.1/2.2 — Commitments

S

CHEDULE

 6.2 — Subsidiaries

S

CHEDULE

 8.7 — Existing Indebtedness

S

CHEDULE

 8.8 — Existing Liens

S

CHEDULE

 8.9 — Existing Investments

-1-

A

MENDED AND

R

ESTATED

C

REDIT

A

GREEMENT

This Amended and Restated Credit Agreement is entered into as of November 15, 2021 by

and among Cal-Maine Foods, Inc., a Delaware corporation (the

“Borrower”

), the direct and

indirect Wholly-owned Subsidiaries that are Domestic Subsidiaries of the Borrower from time to

time party to this Agreement, as Guarantors, the several financial institutions from time to time

party to this Agreement, as Lenders, and BMO H

ARRIS

B

ANK

N.A.,

as Administrative Agent as

provided herein. 

P

RELIMINARY

S

TATEMENT

W

HEREAS

,

pursuant to that certain Credit Agreement dated as of July 10, 2018 (as amended

prior to the date hereof, without giving effect to the amendments and restatements set forth herein,

the

“Existing Credit Agreement”

), by and among the Borrowers, the Guarantors party thereto, the

lenders party thereto and the Administrative Agent, the lenders thereunder have made available to

the Borrowers a revolving loan facility upon and subject to the terms and conditions set forth

therein;

W

HEREAS

, the Loan Parties, the Administrative Agent and the Lenders desire to amend

and restate the Existing Credit Agreement in its entirety in order to provide an increase to the

revolving credit facility and make certain other amendments as more fully set forth herein, which

amendment and restatement shall become effective upon satisfaction of the conditions precedent

set forth herein;

W

HEREAS

, in connection with the foregoing and as an inducement for the Lenders to extend

and/or continue to extend the credit contemplated hereunder, the Loan Parties have agreed to

continue to secure all of their joint and several Obligations by granting to the Administrative

Agent, for the benefit of the Lenders, a first priority lien on the Collateral (as hereinafter defined);

and 

W

HEREAS

, it is the intent of the parties hereto that this Agreement not constitute a novation

of the obligations and liabilities of the parties under the Existing Credit Agreement, and the parties

hereto hereby agree that all obligations under the Loan Documents (as amended prior to the

Closing Date) shall continue in full force and effect from and after the Closing Date.

N

OW

,

T

HEREFORE

, in consideration of the mutual agreements contained herein, and other

good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,

the parties hereto hereby agree as follows:

-2-

S

ECTION

 1. D

EFINITIONS

;

I

NTERPRETATION

.

Section 1.1. Definitions

. The following terms when used herein shall have the following

meanings:

“Acquired Business”

 means the entity or assets acquired by the Borrower or another Loan

Party in an Acquisition, whether before or after the date hereof.

“Acquisition”

 means any transaction or series of related transactions for the purpose of or

resulting, directly or indirectly, in (a) the acquisition of all or substantially all of the assets of a

Person, or of any business or division of a Person, (b) the acquisition of no less than 51% of the

capital stock, partnership interests, membership interests or equity of any Person (other than a

Person that is a Subsidiary), or otherwise causing any Person to become a Subsidiary, or (c) a

merger or consolidation or any other combination with another Person (other than a Person that is

a Subsidiary) provided that the Borrower or a Guarantor is the surviving entity.

“Additional Credit Extension Amendment”

means an amendment to this Agreement

(which may, at the option of the Administrative Agent, be in the form of an amendment and

restatement of this Agreement) providing for any Extended Revolving Credit Commitments and/or

Extended Incremental Term Loans pursuant to Section 2.16, which shall be consistent with the

applicable provisions of this Agreement and otherwise satisfactory to the parties thereto. Each

Additional Credit Extension Amendment shall be executed by the Administrative Agent, the L/C

Issuer and/or the Swingline Lender (to the extent Section 2.16 would require the consent of the

L/C Issuer and/or the Swingline Lender, respectively for the amendments effected in such

Additional Credit Extension Amendment), the Loan Partis and each applicable extending Lender. 

Any Additional Credit Extension Amendment may include conditions for delivery of opinions of

counsel and other documentation consistent with the conditions in Section 7.2 all to the extent

reasonably requested by the Administrative Agent or the Lenders party to such Additional Credit

Extension Amendment.

“Adjusted LIBOR”

 means, for any Borrowing of Eurodollar Loans, a rate per annum

determined in accordance with the following formula:

Adjusted LIBOR = LIBOR 

 1 - Eurodollar Reserve Percentage

“Administrative Agent”

means BMO Harris Bank N.A., in its capacity as Administrative

Agent hereunder, and any successor in such capacity pursuant to Section 10.6.

“Administrative Questionnaire”

means an Administrative Questionnaire in a form

supplied by the Administrative Agent.

“Affiliate”

means, with respect to a specified Person, another Person that directly, or

indirectly through one or more intermediaries, Controls or is Controlled by or is under common

Control with the Person specified;

provided that

, in any event for purposes of this definition, any

Person that owns, directly or indirectly, 5% or more of the securities having the ordinary voting

-3-

power for the election of directors or governing body of a corporation or 5% or more of the

partnership or other ownership interest of any other Person (other than as a limited partner of such

other Person) will be deemed to control such corporation or other Person. 

“Agreement”

 means this Amended and Restated Credit Agreement, as the same may be

amended, modified, restated or supplemented from time to time pursuant to the terms hereof.

“Anti-Corruption Law”

 means the FCPA and any law, rule or regulation of any jurisdiction

concerning or relating to bribery or corruption that are applicable to any Loan Party or any

Subsidiary or Affiliate.

“Applicable Margin”

 means, with respect to Loans, Reimbursement Obligations, L/C

Participation Fees, and the commitment fees payable under Section 3.1(a), until the first Pricing

Date, the rates per annum shown opposite Level I below, and thereafter from one Pricing Date to

the next the Applicable Margin means the rates per annum determined in accordance with the

following schedule:

L

EVEL

T

OTAL

F

UNDED

D

EBT TO

C

APITALIZATION

R

ATIO FOR

S

UCH

P

RICING

D

ATE

A

PPLICABLE

M

ARGIN FOR

B

ASE

R

ATE

L

OANS UNDER

R

EVOLVING

F

ACILITY AND

R

EIMBURSEMENT

O

BLIGATIONS SHALL

BE

:

A

PPLICABLE

M

ARGIN FOR

E

URODOLLAR

L

OANS UNDER

R

EVOLVING

F

ACILITY AND

L/C

P

ARTICIPATION

F

EES SHALL BE

:

A

PPLICABLE

M

ARGIN FOR

C

OMMITMENT

F

EE

SHALL BE

:

I

Less than 20.0%

0.00%

1.00%

0.15%

II

Greater than or

equal 20.0% and

less than 30.0%

0.25%

1.25%

0.20%

III

Greater than or

equal 30.0% and

less than 40.0%

0.50%

1.50%

0.20%

IV

Greater than or

equal to 40.0%

0.75%

1.75%

0.25%

For purposes hereof, the term

“Pricing Date”

 means, for any fiscal quarter of the Borrower ending

on or after November 27, 2021, the date on which the Administrative Agent is in receipt of the

Borrower’s most recent financial statements (and, in the case of the year-end financial statements,

audit report) for the fiscal quarter then ended, pursuant to Section 8.5. The Applicable Margin

shall be established based on the Total Funded Debt to Capitalization Ratio for the most recently

completed fiscal quarter and the Applicable Margin established on a Pricing Date shall remain in

effect until the next Pricing Date. If the Borrower has not delivered its financial statements by the

date such financial statements (and, in the case of the year-end financial statements, audit report)

are required to be delivered under Section 8.5, until such financial statements and audit report are

delivered, the Applicable Margin shall be the highest Applicable Margin (

i.e.,

 Level IV shall

apply). If the Borrower subsequently delivers such financial statements before the next Pricing

-4-

Date, the Applicable Margin shall be determined on the date of delivery of such financial

statements and remain in effect until the next Pricing Date. In all other circumstances, the

Applicable Margin shall be in effect from the Pricing Date that occurs immediately after the end

of the fiscal quarter covered by such financial statements until the next Pricing Date. Each

determination of the Applicable Margin made by the Administrative Agent in accordance with the

foregoing shall be conclusive and binding on the Borrower and the Lenders if reasonably

determined. 

“Application”

 is defined in Section 2.3(b).

“Assignment and Assumption”

 means an assignment and assumption entered into by a

Lender and an Eligible Assignee (with the consent of any party whose consent is required by

Section 13.2(b)), and accepted by the Administrative Agent, in substantially the form of Exhibit G

or any other form approved by the Administrative Agent.

“Authorized Representative”

 means those persons shown on the list of officers provided

by the Borrower pursuant to Section 7.2 or on any update of any such list provided by the Borrower

to the Administrative Agent, or any further or different officers of the Borrower so named by any

Authorized Representative of the Borrower in a written notice to the Administrative Agent.

“Bail-In Action”

 means the exercise of any Write-Down and Conversion Powers by the

applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution.

“Bail-In Legislation”

 means, with respect to any EEA Member Country implementing

Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European

Union, the implementing law for such EEA Member Country from time to time which is described

in the EU Bail-In Legislation Schedule.

“Bank Products”

 means each and any of the following bank products and services

provided to any Loan Party by any Lender or any of its Affiliates: (a) credit or charge cards for

commercial customers (including, without limitation, “commercial credit cards” and purchasing

cards), (b) stored value cards, and (c) depository, cash management, and treasury management

services (including, without limitation, controlled disbursement, automated clearinghouse

transactions, return items, overdrafts and interstate depository network services).

“Bank Product Obligations”

 of the Loan Parties means any and all of their obligations,

whether absolute or contingent and howsoever and whensoever created, arising, evidenced or

acquired (including all renewals, extensions and modifications thereof and substitutions therefor)

in connection with Bank Products.

“Base Rate”

 means, for any day, the rate per annum equal to the greatest of: (a) the rate

of interest announced or otherwise established by the Administrative Agent from time to time as

its prime commercial rate

as in effect on such day, with any change in the Base Rate resulting from

a change in said prime commercial rate to be effective as of the date of the relevant change in said

prime commercial rate (it being acknowledged and agreed that such rate may not be the

Administrative Agent’s best or lowest rate), (b) the sum of (i) the Federal Funds Rate for such day,

-5-

plus

 (ii) 1/2 of 1%, and (c) the LIBOR Quoted Rate for such day

plus

1.00%. As used herein, the

term

“LIBOR Quoted Rate”

 means, for any day, the rate per annum equal to the quotient of (i) the

rate per annum (rounded upwards, if necessary, to the next higher one hundred-thousandth of a

percentage point) for deposits in U.S. Dollars for a one-month interest period as reported on the

applicable Bloomberg screen page (or such other commercially available source providing such

quotations as may be designated by the Administrative Agent from time to time) as of 11:00 a.m.

(London, England time) on such day (or, if such day is not a Business Day, on the immediately

preceding Business Day) divided by (ii) one (1) minus the Eurodollar Reserve Percentage,

provided

 that in no event shall the “LIBOR Quoted Rate” be less than 0.00%.

“Base Rate Loan”

 means a Loan bearing interest at a rate specified in Section 2.4(a).

“Beneficial Ownership Certification”

 means a certification regarding beneficial ownership

a required by the Beneficial Ownership Regulation.

“Beneficial Ownership Regulation”

 means 31 CFR § 1010.230.

“Borrower”

 is defined in the introductory paragraph of this Agreement.

“Borrowing”

 means the total of Loans of a single type advanced, continued for an

additional Interest Period, or converted from a different type into such type by the Lenders under

a Facility on a single date and, in the case of Eurodollar Loans, for a single Interest Period. 

Borrowings of Loans are made and maintained ratably from each of the Lenders under a Facility

according to their Percentages of such Facility. A Borrowing is

“advanced”

 on the day Lenders

advance funds comprising such Borrowing to the Borrower, is

“continued”

 on the date a new

Interest Period for the same type of Loans commences for such Borrowing, and is

“converted”

when such Borrowing is changed from one type of Loans to the other, all as determined pursuant

to Section 2.6. Borrowings of Swingline Loans are made by the Swingline Lender in accordance

with the procedures set forth in Section 2.2(b).

“Business Day”

 means any day (other than a Saturday or Sunday) on which banks are not

authorized or required to close in Chicago, Illinois and, if the applicable Business Day relates to

the advance or continuation of, or conversion into, or payment of a Eurodollar Loan, on which

banks are dealing in U.S. Dollar deposits in the interbank eurodollar market in London, England.

“Capital Expenditures”

 means, with respect to any Person for any period, the aggregate

amount of all expenditures (whether paid in cash or accrued as a liability) by such Person during

that period for the acquisition or leasing (pursuant to a Capital Lease) of fixed or capital assets or

additions to property, plant, or equipment (including replacements, capitalized repairs, and

improvements), and for any of the foregoing are required to be capitalized on the balance sheet of

such Person in accordance with GAAP. 

“Capital Lease

” means any lease of Property which in accordance with GAAP is required

to be capitalized on the balance sheet of the lessee;

provided

 that the adoption or issuance of any

accounting standards after the Closing Date will not cause any lease that was not or would not

have been a Capital Lease prior to such adoption or issuance to be deemed a Capital Lease.

-6-

“Capitalized Lease Obligation”

 means, for any Person, the amount of the liability shown

on the balance sheet of such Person in respect of a Capital Lease determined in accordance with

GAA

P.

“Cash Collateralize”

 means, to pledge and deposit with or deliver to the Administrative

Agent, for the benefit of one or more of the L/C Issuer or Lenders, as collateral for L/C Obligations

or obligations of Lenders to fund participations in respect of L/C Obligations, cash or deposit

account balances subject to a first priority perfected security interest in favor of the Administrative

Agent or, if the Administrative Agent and each applicable L/C Issuer shall agree in their sole

discretion, other credit support, in each case pursuant to documentation in form and substance

satisfactory to the Administrative Agent and each applicable L/C Issuer. 

“Cash Collateral”

 shall

have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral

and other credit support.

“Cash Equivalents”

means (a) cash in banks or on hand and (b) investments with a

maturity of three (3) months or less when purchased, which are made in accordance with the Cal-

Maine Investment Guidelines as attached hereto as Schedule 1.1,

1

 as the same may be amended

from time to time with the consent of the Required Lenders.

“CERCLA”

means the Comprehensive Environmental Response, Compensation and

Liability Act of 1980, as amended by the Superfund Amendments and Reauthorization Act of

1986, 42 U.S.C.

§§

9601

et seq.,

 and any future amendments.

“Change in Law”

 means the occurrence, after the date of this Agreement, of any of the

following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change

in any law, rule, regulation or treaty or in the administration, interpretation, implementation or

application thereof by any Governmental Authority, or (c) the making or issuance of any request,

rule, guideline or directive (whether or not having the force of law) by any Governmental

Authority;

provided

 that notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall

Street Reform and Consumer Protection Act and all requests, rules, regulations, guidelines or

directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or

directives promulgated by the Bank for International Settlements, the Basel Committee on Banking

Supervision (or any successor or similar authority) or the United States or foreign regulatory

authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change in

Law”, regardless of the date enacted, adopted or issued, or (b) any “Change of Control” (or words

of like import), as defined in any agreement or indenture relating to any issue of Material

Indebtedness of any Loan Party or any Subsidiary of a Loan Party, shall occur.

“Change of Control”

 means Fred R. Adams Jr. , his spouse, natural children, sons-in-law

or grandchildren, or any trust, guardianship, conservatorship or custodianship for the primary

benefit of any of the foregoing, or any family limited partnership, similar limited liability company

or other entity that 100% of voting control of such entity, is held by any of the foregoing, cease at

1

 Note to Cal-Maine: Please provide most up to date version of the investment guidelines.

-7-

any time and for any reason (including death or incapacity) to own, legally and beneficially, at

least 50% of the votes represented by the Voting Stock of the Borrower.

“Closing Date”

 means the date of this Agreement or such later Business Day upon which

each condition described in Section 7.2 shall be satisfied or waived in a manner acceptable to the

Administrative Agent in its discretion.

“Code”

 means the Internal Revenue Code of 1986, as amended, and any successor statute

thereto.

“Collateral”

 means all properties, rights, interests, and privileges from time to time subject

to the Liens granted to the Administrative Agent, or any security trustee therefor, by the Collateral

Documents.

“Collateral Account”

 is defined in Section 9.4.

“Collateral Access Agreement”

 means any landlord waiver, warehouse, processor or other

bailee letter or other agreement, in form and substance satisfactory to the Administrative Agent,

between the Administrative Agent and any third party (including any bailee, consignee, customs

broker, or other similar Person) in possession of any Collateral or any landlord of the Borrower or

any Subsidiary for any real property where any Collateral is located, as such landlord waiver,

bailee letter or other agreement may be amended, restated, or otherwise modified from time to

time.

“Collateral Documents”

means the Security Agreement, and all other mortgages, deeds of

trust, security agreements, pledge agreements, assignments, financing statements, control

agreements, and other documents as shall from time to time secure or relate to the Secured

Obligations or any part thereof.

“Commitments”

 means the Revolving Credit Commitments.

“

Commodity Exchange Act”

 means the Commodity Exchange Act (7 U.S.C. § 1 et seq.),

as amended from time to time, and any successor statute. 

“Connection Income Taxes”

 means Other Connection Taxes that are imposed on or

measured by net income (however denominated) or that are franchise Taxes or branch profit Taxes.

“Control”

means the possession, directly or indirectly, of the power to direct or cause the

direction of the management or policies of a Person, whether through the ability to exercise voting

power, by contract or otherwise. 

“Controlling”

 and

“Controlled”

 have meanings correlative

thereto.

“Controlled Group”

 means all members of a controlled group of corporations and all

trades or businesses (whether or not incorporated) under common control which, together with any

Loan Party, are treated as a single employer under Section 414 of the Code.

-8-

“Credit Event”

 means the advancing of any Loan, or the issuance of, or extension of the

expiration date or increase in the amount of, any Letter of Credit.

“Debtor Relief Laws”

 means the Bankruptcy Code of the United States of America, and

all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors,

moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws

of the United States or other applicable jurisdictions from time to time in effect.

“Default”

 means any event or condition which constitutes an Event of Default or any event

or condition the occurrence of which would, with the passage of time or the giving of notice, or

both, constitute an Event of Default.

“Defaulting Lender”

 means, subject to Section 2.13(b), any Lender that (a) has failed to

(i) fund all or any portion of its Loans within two (2) Business Days of the date such Loans were

required to be funded hereunder unless such Lender notifies the Administrative Agent and the

Borrower in writing that such failure is the result of such Lender’s determination that one or more

conditions precedent to funding (each of which conditions precedent, together with any applicable

default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to the

Administrative Agent, any L/C Issuer, the Swingline Lender or any other Lender any other amount

required to be paid by it hereunder (including in respect of its participation in Letters of Credit or

Swingline Loans) within two (2) Business Days of the date when due, (b) has notified the

Borrower, the Administrative Agent or any L/C Issuer or the Swingline Lender in writing that it

does not intend to comply with its funding obligations hereunder, or has made a public statement

to that effect (unless such writing or public statement relates to such Lender’s obligation to fund a

Loan hereunder and states that such position is based on such Lender’s determination that a

condition precedent to funding (which condition precedent, together with any applicable default,

shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has

failed, within three (3) Business Days after written request by the Administrative Agent or the

Borrower, to confirm in writing to the Administrative Agent and the Borrower that it will comply

with its prospective funding obligations hereunder (

provided

 that such Lender shall cease to be a

Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by the

Administrative Agent and the Borrower), or (d) has, or has a direct or indirect parent company that

has, at any time after the Closing Date (i) become the subject of a proceeding under any Debtor

Relief Law, (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator,

assignee for the benefit of creditors or similar Person charged with reorganization or liquidation

of its business or assets, including the Federal Deposit Insurance Corporation or any other state or

federal regulatory authority acting in such a capacity or (iii) become the subject of a Bail-in Action;

provided

 that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or

acquisition of any equity interest in that Lender or any direct or indirect parent company thereof

by a Governmental Authority so long as such ownership interest does not result in or provide such

Lender with immunity from the jurisdiction of courts within the United States or from the

enforcement of judgments or writs of attachment on its assets or permit such Lender (or such

Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements

made with such Lender. Any determination by the Administrative Agent that a Lender is a

Defaulting Lender under clauses (a) through (d) above shall be conclusive and binding absent

manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to

-9-

Section 2.13(b)) upon delivery of written notice of such determination to the Borrower, the L/C

Issuer, the Swingline Lender and each Lender.

“Designated Disbursement Account”

 means the account of the Borrower maintained with

the Administrative Agent or its Affiliate and designated in writing to the Administrative Agent as

the Borrower’s Designated Disbursement Account (or such other account as the Borrower and the

Administrative Agent may otherwise agree).

“Disposition”

 means the sale, lease, conveyance or other disposition of Property, other

than (a) the sale or lease of inventory in the ordinary course of business, and (b) the sale, transfer,

lease or other disposition of Property of a Loan Party to another Loan Party in the ordinary course

of its business. 

“Domestic Subsidiary”

 means a Subsidiary that is not a Foreign Subsidiary.

“EEA Financial Institution”

 means (a) any credit institution or investment firm established

in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority,

(b) any entity established in an EEA Member Country which is a parent of an institution described

in clause (a) of this definition, or (c) any financial institution established in an EEA Member

Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and

is subject to consolidated supervision with its parent.

“EEA Member Country”

 means any of the member states of the European Union, Iceland,

Liechtenstein, and Norway.

“EEA Resolution Authority”

 means any public administrative authority or any person

entrusted with public administrative authority of any EEA Member Country (including any

delegee) having responsibility for the resolution of any EEA Financial Institution.

“Eligible Assignee”

means any Person that meets the requirements to be an assignee under

Section 13.2(b)(iii), (v) and (vi) (subject to such consents, if any, as may be required under

Section 13.2(b)(iii)).

“Eligible Line of Business”

 means any business engaged in as of the date of this Agreement

by the Borrower or any other Loan Party or any business reasonably related thereto, including,

without limitation, spent foul business, further processing, fertilizer or nutrient manufacturing or

cooperative purchasing or similar businesses related to Borrower’s commercial egg production

business.

“Environmental Claim”

means any investigation, notice, violation, demand, allegation,

action, suit, injunction, judgment, order, consent decree, penalty, fine, lien, proceeding or claim

(whether administrative, judicial or private in nature), but not including internal reports prepared

by or on behalf of Borrower in the ordinary course of business, arising (a) pursuant to, or in

connection with an actual or alleged violation of, any Environmental Law, (b) in connection with

any Hazardous Material, (c) from any abatement, removal, remedial, investigative, corrective or

response action in connection with a Hazardous Material, Environmental Law or order of a

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governmental authority or (d) from any actual or alleged damage, injury, threat or harm to health,

safety, natural resources or the environment.

“Environmental Law”

 means any current or future Legal Requirement pertaining to (a) the

protection of health, safety and the indoor or outdoor environment, (b) the conservation,

management, protection or use of natural resources and wildlife, (c) the protection or use of surface

water or groundwater, (d) the management, manufacture, possession, presence, use, generation,

transportation, treatment, storage, disposal, Release, threatened Release, abatement, removal,

investigation, remediation or handling of, or exposure to, any Hazardous Material or (e) pollution

(including any Release to air, land, surface water or groundwater), and any amendment, rule,

regulation, order or directive issued thereunder.

“Environmental Liability”

 means any liability, contingent or otherwise (including any

liability for damages, costs of environmental remediation, fines, costs of compliance, penalties or

indemnities), of any Loan Party or any Subsidiary of a Loan Party directly or indirectly resulting

from or based upon (a) any actual or alleged violation of any Environmental Law, (b) the

generation, use, handling, transportation, storage, treatment or disposal of any Hazardous

Materials, (c) exposure to any Hazardous Materials, (d) the Release or threatened Release of any

Hazardous Materials into the environment or (e) any contract, agreement or other legally

enforceable consensual arrangement pursuant to which liability is assumed or imposed with

respect to any of the foregoing.

“ERISA”

 means the Employee Retirement Income Security Act of 1974, as amended, or

any successor statute thereto.

“EU Bail-In Legislation Schedule”

 means the EU Bail-In Legislation Schedule published

by the Loan Market Association (or any successor Person), as in effect from time to time.

“Eurodollar Loan”

 means a Loan bearing interest at the rate specified in Section 2.4(b).

“Eurodollar Reserve Percentage”

 means the maximum reserve percentage, expressed as

a decimal, at which reserves (including, without limitation, any emergency, marginal, special, and

supplemental reserves) are imposed by the Board of Governors of the Federal Reserve System (or

any successor) on

“eurocurrency liabilities”

, as defined in such Board’s Regulation D (or any

successor thereto), subject to any amendments of such reserve requirement by such Board or its

successor, taking into account any transitional adjustments thereto. For purposes of this definition,

the relevant Loans shall be deemed to be

“eurocurrency liabilities”

 as defined in Regulation D

without benefit or credit for any prorations, exemptions or offsets under Regulation D.

The

Eurodollar Reserve Percentage shall be adjusted automatically on and as of the effective date of

any change in any such reserve percentage.

“Event of Default”

 means any event or condition identified as such in Section 9.1.

“Event of Loss”

 means, with respect to any Property, any of the following: (a) any loss,

destruction or damage of such Property or (b) any condemnation, seizure, or taking, by exercise of

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the power of eminent domain or otherwise, of such Property, or confiscation of such Property or

the requisition of the use of such Property. 

“Exchange Act”

 means the United States Securities and Exchange Act of 1934.

“Excluded Deposit Account”

means a deposit account the balance of which consists

exclusively of (and is identified when established as an account established solely for the purposes

of) (a) withheld income Taxes and federal, state, local or foreign employment Taxes in such

amounts as are required in the reasonable judgment of a Loan Party to be paid to the Internal

Revenue Service or any other U.S., federal, state or local or foreign government agencies within

the following month with respect to employees of such Loan Party, (b) amounts required to be

paid over to an employee benefit plan pursuant to DOL Reg. Sec. 2510.3-102 on behalf of or for

the benefit of employees of any Loan Party, (c) amounts which are required to be pledged or

otherwise provided as security pursuant to any requirement of any Governmental Authority or

foreign pension requirement, (d) amounts to be used to fund payroll obligations (including, but not

limited to, any ZBA for payroll and amounts payable to any employment contracts between any

Loan Party and their respective employees), (e) Texas Egg Products, LLC and South Texas

Applicators, Inc. deposit accounts, and (f) other deposit accounts maintained in the ordinary

course of business containing cash amounts that do not exceed at any time $2,000,000 in the

aggregate for all such accounts under this clause (f), unless requested by the Administrative Agent

after the occurrence and during the continuation of an Event of Default.

“

Excluded Equity Issuances

” means (a) the issuance by any Subsidiary of equity securities

to the Borrower or any Guarantor, as applicable, (b) the issuance of equity securities by the

Borrower to any Person that is an equity holder of the Borrower prior to such issuance, (c) the

issuance of equity securities of the Borrower to directors, officers and employees of the Borrower

and its Subsidiaries pursuant to employee stock option plans (or other employee incentive plans

or other compensation arrangements) approved by the Borrower’s Board of Directors, and (d) the

issuance of equity securities of the Borrower in order to finance the purchase consideration (or a

portion thereof) in connection with a Permitted Acquisition or Capital Expenditures.

“Excluded Property”

means (a) any intent-to-use trademark application prior to the filing

of a “Statement of Use” or “Amendment to Allege Use” with the United States Patent and

Trademark Office with respect thereto, to the extent, if any, that, and solely during the period, if

any, in which, the grant of a security interest therein would impair the validity or enforceability of

such intent-to-use trademark application under applicable federal law; (b) any permit or license

issued to any Loan Party as the permit holder or licensee thereof or any lease to which any Loan

Party is lessee thereof, in each case only to the extent and for so long as the terms of such permit,

license, or lease effectively (after giving effect to Sections 9-406 through 9-409, inclusive, of the

Uniform Commercial Code in the applicable state (or any successor provision or provisions) or

any other applicable law) prohibit the creation by such Loan Party of a security interest in such

permit, license, or lease in favor of the Administrative Agent or would result in an effective

invalidation, termination or breach of the terms of any such permit, license or lease (after giving

effect to Sections 9-406 through 9-409, inclusive, of the Uniform Commercial Code in the

applicable state (or any successor provision or provisions) or any other applicable law), in each

case unless and until any required consents are obtained,

provided

 that the Excluded Property will

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not include, and the Collateral shall include and the security interest granted in the Collateral shall

attach to, (x) all proceeds, substitutions or replacements of any such excluded items referred to

herein unless such proceeds, substitutions or replacements would constitute excluded items

hereunder, (y) all rights to payment due or to become due under any such excluded items referred

to herein, and (z) if and when the prohibition which prevents the granting of a security interest in

any such Property is removed, terminated, or otherwise becomes unenforceable as a matter of law,

the Administrative Agent will be deemed to have, and at all times to have had, a security interest

in such property, and the Collateral will be deemed to include, and at all times to have included,

such Property without further action or notice by any Person; and (c) Excluded Deposit Accounts. 

“

Excluded Swap Obligation

” means, with respect to any Guarantor, any Swap Obligation

if, and to the extent that, all or a portion of the Guarantee of such Guarantor of, or the grant by

such Guarantor of a security interest to secure, such Swap Obligation (or any Guarantee thereof)

is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the

Commodity Futures Trading Commission (or the application or official interpretation of any

thereof) by virtue of such Guarantor’s failure for any reason not to constitute an “eligible contract

participant” as defined in the Commodity Exchange Act and the regulations thereunder at the time

the Guarantee of such Guarantor or the grant of such security interest becomes effective with

respect to such related Swap Obligation. If a Swap Obligation arises under a master agreement

governing more than one swap, such exclusion shall apply only to the portion of such Swap

Obligation that is attributable to swaps for which such Guarantee or security interest is or becomes

illegal.

“Excluded Taxes”

 means any of the following Taxes imposed on or with respect to a

Recipient or required to be withheld or deducted from a payment to a Recipient, (a) Taxes imposed

on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes,

in each case, (i) imposed as a result of such Recipient being organized under the laws of, or having

its principal office or, in the case of any Lender, its applicable lending office located in, the

jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other

Connection Taxes, (b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts

payable to or for the account of such Lender with respect to an applicable interest in a Loan or

Commitment pursuant to a law in effect on the date on which (i) such Lender acquires such interest

in the Loan or Commitment (other than pursuant to an assignment request by the Borrower under

Section 2.12) or (ii) such Lender changes its lending office, except in each case to the extent that,

pursuant to Section 4.1 amounts with respect to such Taxes were payable either to such Lender’s

assignor immediately before such Lender became a party hereto or to such Lender immediately

before it changed its lending office, (c) Taxes attributable to such Recipient’s failure to comply

with Section 4.1(g), and (d) any U.S. federal withholding Taxes imposed under FATCA .

“Existing Credit Agreement”

has the meaning specified in the Preliminary Statements

hereto.

“Extended Revolving Credit Commitment”

means any Revolving Credit Commitment the

maturity of which has been extended pursuant to Section 2.16.

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“

Extended Revolving Loans

” means any Revolving Loans made pursuant to the Extended

Revolving Credit Commitments.

“

Extended Incremental Term Loans

” means any Incremental Term Loans the maturity of

which shall have been extended pursuant to Section 2.16.

“

Extension

” has the meaning specified in Section 2.16(a).

“

Extension Offer

” has the meaning specified in Section 2.16(a).

“Facility”

 means any of the Revolving Facility or the Incremental Term Facility.

“FATCA”

 means Sections 1471 through 1474 of the Code, as of the date of this Agreement

(or any amended or successor version that is substantively comparable and not materially more

onerous to comply with), any current or future regulations or official interpretations thereof, and

any agreements entered into pursuant to Section 1471(b)(1) of the Code.

“FCPA”

 means the Foreign Corrupt Practices Act, 15 U.S.C. §§78dd-1, et seq.

“Federal Funds Rate”

 means, for any day, the rate per annum equal to the weighted

average of the rates on overnight federal funds transactions with members of the Federal Reserve

System, as published by the Federal Reserve Bank of New York on the Business Day next

succeeding such day;

provided

 that (a) if such day is not a Business Day, the Federal Funds Rate

for such day shall be such rate on such transactions on the next preceding Business Day as so

published on the next succeeding Business Day, and (b) if no such rate is so published on such

next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate

(rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to the Administrative

Agent on such day on such transactions as determined by the Administrative Agent;

provided

 that

in no event shall the Federal Funds Rate be less than 0.00%.

“Financial Officer”

 of any Person means the chief financial officer, principal accounting

officer, treasurer or controller of such Person. 

“Foreign Lender”

means a Lender that is not a U.S. Person.

“Foreign Subsidiary”

 means each Subsidiary that (a) is organized under the laws of a

jurisdiction other than the United States of America or any state thereof or the District of Columbia,

(b) conducts substantially all of its business outside of the United States of America, and (c) has

substantially all of its assets outside of the United States of America. 

“Fronting Exposure”

 means, at any time there is a Defaulting Lender, (a) with respect to

any L/C Issuer, such Defaulting Lender’s Revolver Percentage of the outstanding L/C Obligations

with respect to Letters of Credit issued by such L/C Issuer other than L/C Obligations as to which

such Defaulting Lender’s participation obligation has been reallocated to other Lenders or Cash

Collateralized in accordance with the terms hereof, and (b) with respect to the Swingline Lender,

such Defaulting Lender’s Revolver Percentage of outstanding Swingline Loans made by the

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Swingline Lender other than Swingline Loans as to which such Defaulting Lender’s participation

obligation has been reallocated to other Lenders.

“Fund”

means any Person (other than a natural person) that is (or will be) engaged in

making, purchasing, holding or otherwise investing in commercial loans and similar extensions of

credit in the ordinary course of its business.

“GAAP”

 means generally accepted accounting principles set forth from time to time in the

opinions and pronouncements of the Accounting Principles Board and the American Institute of

Certified Public Accountants and statements and pronouncements of the Financial Accounting

Standards Board (or agencies with similar functions of comparable stature and authority within the

U.S. accounting profession), which are applicable to the circumstances as of the date of

determination.

“Governmental Authority”

 means the government of the United States of America or any

other nation, or of any political subdivision thereof, whether state or local, and any agency,

authority, instrumentality, regulatory body, court, central bank or other entity exercising executive,

legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to

government (including any supra-national bodies such as the European Union or the European

Central Bank).

“Guarantee”

 of or by any Person (the

“guarantor”

) means any obligation, contingent or

otherwise, of the guarantor guaranteeing or having the economic effect of guaranteeing any

Indebtedness or other obligation of any other Person (the

“primary obligor”

) in any manner,

whether directly or indirectly, and including any obligation of the guarantor, direct or indirect,

(a) to purchase or pay (or advance or supply funds for the purchase or payment of) such

Indebtedness or other obligation or to purchase (or to advance or supply funds for the purchase of)

any security for the payment thereof, (b) to purchase or lease property, securities or services for

the purpose of assuring the owner of such Indebtedness or other obligation of the payment thereof,

(c) to maintain working capital, equity capital or any other financial statement condition or

liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or

other obligation or (d) as an account party in respect of any letter of credit or letter of guaranty

issued to support such Indebtedness or obligation;

provided

 that the term Guarantee shall not

include endorsements for collection or deposit in the ordinary course of business.

“Guaranty Agreements”

 means and includes the Guarantee of the Loan Parties provided

for in Section 11, and any other guaranty agreement executed and delivered in order to guarantee

the Secured Obligations or any part thereof in form and substance acceptable to the Administrative

Agent.

“Guarantors”

 means and includes each Wholly-owned Subsidiary that is a Domestic

Subsidiary of the Borrower, and Borrower, in its capacity as a guarantor of the Secured Obligations

of another Loan Party. 

“Hazardous Material”

means any substance, chemical, compound, product, solid, gas,

liquid, waste, byproduct, pollutant, contaminant or material which is hazardous, toxic, or a

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pollutant and regulated pursuant to any Environmental Law and includes, without limitation,

(a) asbestos, polychlorinated biphenyls and petroleum (including crude oil or any fraction thereof)

and (b) any material classified or regulated as “hazardous,” “toxic,” or a “pollutant” or words of

like import pursuant to an Environmental Law. For the purposes of this Agreement, however, the

Parties acknowledge and agree that Borrower is in the live animal agriculture business and

routinely generates, stores, handles, transports, composts, disposes of, applies and/or sells manure

for beneficial reuse (fertilizer) in the ordinary course of business, that manure naturally breaks

down and releases ammonia, phosphorus and other substances and such manure and its constituent

parts shall not be “Hazardous Material” hereunder.

“Hazardous Material Activity”

 means any activity, event or occurrence involving a

Hazardous Material, including, without limitation, the manufacture, possession, presence, use,

generation, transportation, treatment, storage, disposal, Release, threatened Release, abatement,

removal, remediation, handling of or corrective or response action to any Hazardous Material.

“Hedging Agreement”

 means any agreement with respect to any swap, forward, future or

derivative transaction or option or similar agreement involving, or settled by reference to, one or

more rates, currencies, commodities, equity or debt instruments or securities, or economic,

financial or pricing indices or measures of economic, financial or pricing risk or value or any

similar transaction or any combination of these transactions;

provided

 that no phantom stock or

similar plan providing for payments only on account of services provided by current or former

directors, officers, employees or consultants of any Loan Party or its Subsidiaries shall be a

Hedging Agreement.

“Hedging Liability”

 means the liability of any Loan Party

to any of the Lenders, or any

Affiliates of such Lenders in respect of any Hedging Agreement as such Loan Party may from

time to time enter into with any one or more of the Lenders party to this Agreement or their

Affiliates, whether absolute or contingent and howsoever and whensoever created, arising,

evidenced or acquired (including all renewals, extensions and modifications thereof and

substitutions therefor);

provided, however,

 that, with respect to any Guarantor, Hedging Liability

Guaranteed by such Guarantor shall exclude all Excluded Swap Obligations. 

“Hostile Acquisition”

 means the acquisition of the capital stock or other equity interests of

a Person through a tender offer or similar solicitation of the owners of such capital stock or other

equity interests which has not been approved (prior to such acquisition) by resolutions of the Board

of Directors of such Person or by similar action if such Person is not a corporation, or as to which

such approval has been withdrawn.

“Increase”

 is defined in Section 2.15.

“Increase Date”

 is defined in Section 2.15.

“Incremental Amendment”

 is defined in Section 2.15.

“Incremental Term Facility”

 means the credit facility for Incremental Term Loans.

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“Incremental Term Loans”

 is defined in Section 2.15.

“Incremental Term Loan Percentage”

means, for each Lender, the percentage held by such

Lender of the aggregate principal amount of all Incremental Term Loans outstanding, if any.

“Indebtedness”

 means for any Person (without duplication) (a) all indebtedness created,

assumed or incurred in any manner by such Person representing money borrowed (including by

the issuance of debt securities), (b) all indebtedness for the deferred purchase price of property or

services (other than trade accounts payable arising in the ordinary course of business), (c) all

indebtedness secured by any Lien upon Property of such Person, whether or not such Person has

assumed or become liable for the payment of such indebtedness, (d) all Capitalized Lease

Obligations of such Person, (e) all obligations of such Person on or with respect to letters of credit,

bankers’ acceptances and other extensions of credit to the extent any of the foregoing are not cash

collateralized, whether or not representing obligations for borrowed money, (f) all obligations of

such Person to purchase, redeem, retire, defease or otherwise make any payment in respect of any

equity interest in such Person or any other Person or any warrant, right or option to acquire such

equity interest, valued, in the case of a redeemable preferred interest, at the greater of its voluntary

or involuntary liquidation preference plus accrued and unpaid dividends, (g) all net obligations

(determined as of any time based on the termination value thereof) of such Person under any

interest rate, foreign currency, and/or commodity swap, exchange, cap, collar, floor, forward,

future or option agreement, or any other similar interest rate, currency or commodity hedging

arrangement; and (h) all Guarantees of such Person in respect of any of the foregoing. For all

purposes hereof, the Indebtedness of any Person shall include the Indebtedness of any partnership

or joint venture (other than a joint venture that is itself a corporation or limited liability company)

in which such Person is a general partner or a joint venturer, unless such Indebtedness is expressly

made non-recourse to such Person.

“Indemnified Taxes”

 means (a) all Taxes other than Excluded Taxes, imposed on or with

respect to any payment made by or on account of any obligation of any Loan Party under any Loan

Document and (b) to the extent not otherwise described in (a), Other Taxes.

“Interest Payment Date”

 means (a) with respect to any Eurodollar Loan, the last day of

each Interest Period with respect to such Eurodollar Loan and on the maturity date and, if the

applicable Interest Period is longer than three (3) three months, on each day occurring every

three (3) months after the commencement of such Interest Period, (b) with respect to any Base

Rate Loan (other than Swingline Loans), the last day of every calendar quarter and on the maturity

date, and (c) as to any Swingline Loan, (i) bearing interest by reference to the Base Rate, the last

day of every calendar month, and on the maturity date and (ii) bearing interest by reference to the

Swingline Lender’s Quoted Rate, the last day of the Interest Period with respect to such Swingline

Loan, and on the maturity date.

“Interest Period”

 means the period commencing on the date a Borrowing of Eurodollar

Loans or Swingline Loans (bearing interest at the Swingline Lender’s Quoted Rate) is advanced,

continued, or created by conversion and ending (a) in the case of Eurodollar Loans, one (1),

two (2), three (3), six (6) or twelve (12) months thereafter and (b) in the case of Swingline Loans

bearing interest at the Swingline Lender’s Quoted Rate, on the date one (1) to five (5) Business

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Days thereafter as mutually agreed by the Borrower and the Swingline Lender,

provided, however,

that:

 (i) no Interest Period shall extend beyond the final maturity date of the relevant

Loans; 

 (ii) whenever the last day of any Interest Period would otherwise be a day that

is not a Business Day, the last day of such Interest Period shall be extended to the next

succeeding Business Day,

provided

that, if such extension would cause the last day of an

Interest Period for a Borrowing of Eurodollar Loans to occur in the following calendar

month, the last day of such Interest Period shall be the immediately preceding Business

Day; and 

 (iii) for purposes of determining an Interest Period for a Borrowing of

Eurodollar Loans, a month means a period starting on one day in a calendar month and

ending on the numerically corresponding day in the next calendar month;

provided,

however,

 that if there is no numerically corresponding day in the month in which such an

Interest Period is to end or if such an Interest Period begins on the last Business Day of a

calendar month, then such Interest Period shall end on the last Business Day of the calendar

month in which such Interest Period is to end.

“IRS”

means the United States Internal Revenue Service.

“L/C Issuer”

 means BMO Harris Bank N.A., in its capacity as the issuer of Letters of

Credit hereunder, in each case together with its successors in such capacity as provided in

Section 2.3(h).

“L/C Obligations”

 means the aggregate undrawn face amounts of all outstanding Letters

of Credit and all unpaid Reimbursement Obligations.

“L/C Participation Fee”

 is defined in Section 3.1(b).

“L/C Sublimit”

 means $15,000,000, as reduced or otherwise amended pursuant to the terms

hereof.

“Legal Requirement”

 means any treaty, convention, statute, law, common law, rule,

regulation, ordinance, license, permit, governmental approval, injunction, judgment, order,

consent decree or other requirement of any governmental authority, whether federal, state, or local.

“Lenders”

 means and includes BMO Harris Bank N.A.

and the other Persons listed on

Schedule 2.1/2.2 and any other Person that shall have become party hereto pursuant to an

Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant

to an Assignment and Assumption. Unless the context requires otherwise, the term

“Lenders”

includes the Swingline Lender.

“Lending Office”

 is defined in Section 4.7.

-18-

“Letter of Credit”

 is defined in Section 2.3(a).

“LIBOR”

 means, for an Interest Period for a Borrowing of Eurodollar Loans, (a) the

LIBOR Index Rate for such Interest Period, if such rate is available, and (b) if the LIBOR Index

Rate cannot be determined, the arithmetic average of the rates of interest per annum (rounded

upwards, if necessary, to the nearest 1/100 of 1%) at which deposits in U.S. Dollars in immediately

available funds are offered to the Administrative Agent at 11:00 a.m. (London, England time) two

(2) Business Days before the beginning of such Interest Period by three (3) or more major banks

in the interbank euro dollar market selected by the Administrative Agent for delivery on the first

day of and for a period equal to such Interest Period and in an amount equal or comparable to the

principal amount of the Eurodollar Loan scheduled to be made as part of such Borrowing, provided

that in no event shall “LIBOR” be less than 0.00%.

“LIBOR Index Rate”

 means, for any Interest Period, the rate per annum (rounded upwards,

if necessary, to the next higher one hundred-thousandth of a percentage point) for deposits in U.S.

Dollars for a period equal to such Interest Period, as reported on the applicable Bloomberg screen

page (or such other commercially available source providing such quotations as may be designated

by the Administrative Agent from time to time)

as of 11:00 a.m. (London, England time) on the

day two (2) Business Days before the commencement of such Interest Period.

“Lien”

means any mortgage, lien, security interest, pledge, charge or encumbrance of any

kind in respect of any Property, including the interests of a vendor or lessor under any conditional

sale, Capital Lease or other title retention arrangement.

“Loan”

 means any Revolving Loan, Swingline Loan, or Incremental Term Loan (if any)

whether outstanding as a Base Rate Loan or Eurodollar Loan or otherwise, each of which is a

“type”

 of Loan hereunder.

“Loan Documents”

 means this Agreement, the Notes (if any), the Applications, the

Collateral Documents, the Guaranty Agreements, and each other instrument or document to be

delivered hereunder or thereunder or otherwise in connection therewith.

“Loan Party”

 means the Borrower and each of the Guarantors. 

“Marketable Securities”

 means investments with a maturity of more than three (3) months

when purchased which are made in accordance with the Cal-Maine Investment Guidelines as

attached hereto as Schedule 1.1, as the same may be amended from time to time with the consent

of the Required Lenders.

“Material Adverse Effect”

 means (a) a material adverse change in, or material adverse

effect upon, the operations, business, or financial condition of the Borrower or of the Loan Parties

and their Subsidiaries taken as a whole, (b) a material impairment of the ability of any Loan Party

to perform its material

obligations under any Loan Document or (c) a material adverse effect upon

(i) the legality, validity, binding effect or enforceability against any Loan Party of any Loan

Document or the material rights and remedies of the Administrative Agent and the Lenders

thereunder or (ii) the perfection or priority of any Lien granted under any Collateral Document.

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“Material Indebtedness”

 means Indebtedness (other than the Loans and Letters of Credit),

or obligations in respect of one or more Hedging Agreements, of any one or more of the Loan

Parties and its Subsidiaries with an individual outstanding principal amount exceeding

$30,000,000. For purposes of determining Material Indebtedness, the “obligations” of any Loan

Party or any Subsidiary in respect of any Hedging Agreement at any time shall be the maximum

aggregate amount (giving effect to any netting agreements) that such Loan Party or such

Subsidiary would be required to pay if such Hedging Agreement were terminated at such time.

“Minimum Collateral Amount”

 means, at any time, (a) with respect to Cash Collateral

consisting of cash or deposit account balances, an amount equal to 105% (or 100% if such Cash

Collateral consists of a demand or time deposit account) of the Fronting Exposure of all L/C Issuers

with respect to Letters of Credit issued and outstanding at such time and (b) otherwise, an amount

determined by the Administrative Agent and the L/C Issuer in their sole discretion.

“Moody’s”

 means Moody’s Investors Service, Inc.

“Net Cash Proceeds”

 means, as applicable, (a) with respect to any Disposition by a Person,

cash and cash equivalent proceeds received by or for such Person’s account, net of (i) reasonable

direct costs relating to such Disposition, (ii) sale, use or other transactional taxes paid or payable

by such Person as a direct result of such Disposition, and (iii) the amount of any Indebtedness

permitted hereby which is secured by a prior perfected Lien on the asset subject to such Disposition

and is required to be repaid in connection with such Disposition, (b) with respect to any Event of

Loss of a Person, cash and cash equivalent proceeds received by or for such Person’s account

(whether as a result of payments made under any applicable insurance policy therefor or in

connection with condemnation proceedings or otherwise), net of reasonable direct costs incurred

in connection with the collection of such proceeds, awards or other payments, and the amount of

any Indebtedness permitted hereby which is secured by a prior perfected Lien in the asset subject

to the Event of Loss and (c) with respect to any offering of equity securities of a Person or the

issuance of any Indebtedness by a Person, cash and cash equivalent proceeds received by or for

such Person’s account, net of reasonable legal, underwriting, and other fees and expenses incurred

as a direct result thereof. 

“Net Income”

 means, with reference to any period, the net income (or net loss) of the

Borrower and its Subsidiaries for such period computed on a consolidated basis in accordance with

GAAP;

provided

 that there shall be excluded from Net Income (a) the net income (or net loss) of

any Person accrued prior to the date it becomes a Subsidiary of, or has merged into or consolidated

with, the Borrower or another Subsidiary, (b) the net income (or net loss) of any Person (other than

a Subsidiary) in which the Borrower or any of its Subsidiaries has an equity interest, except to the

extent of the amount of dividends or other distributions actually paid to the Borrower or any of its

Subsidiaries during such period, and (c) the undistributed earnings of any Subsidiary to the extent

that the declaration or payment of dividends or similar distributions by such Subsidiary is not at

the time permitted by the terms of any contractual obligation (other than under any Loan

Document) or requirement of law applicable to such Subsidiary. 

“Net Worth”

means, at any time the same is to be determined, total shareholder’s equity

(including capital stock, additional paid in capital, and retained earnings after deducting treasury

-20-

stock) that would appear on the balance sheet of the Borrower and its Subsidiaries, determined in

accordance with GAAP on a consolidated basis.

“Non-Consenting Lender”

means any Lender that does not approve any consent, waiver

or amendment that (a) requires the approval of all affected Lenders in accordance with the terms

of Section 13.3 and (b) has been approved by the Required Lenders.

“Non-Defaulting Lender”

 means, at any time, each Lender that is not a Defaulting Lender

at such time.

“Note”

 and

“Notes”

 each is defined in Section 2.10.

“Obligations”

 means all obligations of the Borrower to pay principal and interest on the

Loans, all Reimbursement Obligations owing under the Applications, all fees and charges payable

hereunder, and all other payment obligations of the Borrower or any other Loan Party arising under

or in relation to any Loan Document, in each case whether now existing or hereafter arising, due

or to become due, direct or indirect, absolute or contingent, and howsoever evidenced, held or

acquired.

“OFAC”

means the United States Department of Treasury Office of Foreign Assets

Control.

“OFAC Event”

is defined in Section 8.15.

“OFAC Sanctions Programs”

 means all laws, regulations, and Executive Orders

administered by OFAC, including without limitation, the Bank Secrecy Act, anti-money

laundering laws (including, without limitation, the Uniting and Strengthening America by

Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001,

Pub. L. 107-56 (a/k/a the USA Patriot Act)), and all economic and trade sanction programs

administered by OFAC, any and all similar United States federal laws, regulations or Executive

Orders (whether administered by OFAC or otherwise), and any similar laws, regulations or orders

adopted by any State within the United States.

“Other Connection Taxes”

means, with respect to any Recipient, Taxes imposed as a result

of a present or former connection between such Recipient and the jurisdiction imposing such Tax

(other than connections arising from such Recipient having executed, delivered, become a party

to, performed its obligations under, received payments under, received or perfected a security

interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or

sold or assigned an interest in any Loan or Loan Document).

“Other Taxes”

 means all present or future stamp, court or documentary, intangible,

recording, filing or similar Taxes that arise from any payment made under, from the execution,

delivery, performance, enforcement or registration of, from the receipt or perfection of a security

interest under, or otherwise with respect to, any Loan Document, except any such Taxes that are

Other Connection Taxes imposed with respect to an assignment (other than an assignment made

pursuant to Section 2.12).

-21-

“Participant”

has the meaning assigned to such term in clause (d) of Section 13.2.

“Participant Register”

has the meaning specified in clause (d) of Section 13.2.

“Participating Interest”

 is defined in Section 2.3(e).

“Participating Lender”

 is defined in Section 2.3(e).

“PBGC”

 means the Pension Benefit Guaranty Corporation or any Person succeeding to

any or all of its functions under ERISA.

“Percentage”

means for any Lender its Revolver Percentage or its Incremental Term Loan

Percentage, as applicable.

“Permitted Acquisition”

 means any Acquisition with respect to which all of the following

conditions shall have been satisfied:

 (a) the Acquired Business is in an Eligible Line of Business and has its primary

operations within the United States of America;

 (b) the Acquisition shall not be a Hostile Acquisition;

 (c) the Borrower or a Subsidiary shall be the surviving entity in any merger to

which it is a party in connection with such Acquisition;

 (d) if a new Subsidiary is formed or acquired as a result of or in connection with

the Acquisition, the Borrower shall have complied with the requirements of Section 12.3

within 30 days of the completion thereof; 

 (e) after giving effect to the Acquisition and any Credit Event in connection

therewith, no Default shall exist, including with respect to the financial covenants

contained in Section 8.22 on a pro forma basis (looking back four completed fiscal quarters

as if the Acquisition occurred on the first day of such period and after giving effect to the

payment of the purchase price for the Acquired Business); and

 (f) after giving effect to the Acquisition and any Credit Event in connection

therewith, the sum of cash and Cash Equivalents of the Borrower plus availability under

the Revolving Facility shall equal at least $50,000,000. 

“Person”

means any natural Person, corporation, limited liability company, trust, joint

venture, association, company, partnership, Governmental Authority or other entity.

“Plan”

 means any employee pension benefit plan covered by Title IV of ERISA or subject

to the minimum funding standards under Section 412 of the Code that either (a) is maintained by

a member of the Controlled Group for employees of a member of the Controlled Group or (b) is

maintained pursuant to a collective bargaining agreement or any other arrangement under which

-22-

more than one employer makes contributions and to which a member of the Controlled Group is

then making or accruing an obligation to make contributions or has within the preceding five plan

years made contributions.

“Premises”

 means the real property owned or leased by any Loan Party or any Subsidiary

of a Loan Party.

“Property”

 means, as to any Person, all types of real, personal, tangible, intangible or

mixed property owned by such Person whether or not included in the most recent balance sheet of

such Person and its subsidiaries under GAAP.

“

Qualified ECP Guarantor

” means, in respect of any Swap Obligation, each Loan Party

that has total assets exceeding $10,000,000 at the time the relevant Guarantee or grant of the

relevant security interest becomes effective with respect to such Swap Obligation or such other

person as constitutes an “eligible contract participant” under the Commodity Exchange Act or any

regulations promulgated thereunder and can cause another person to qualify as an “eligible contract

participant” at such time by entering into a keepwell under Section 1a(18)(A)(v)(II) of the

Commodity Exchange Act. 

“RCRA”

 means the Solid Waste Disposal Act, as amended by the Resource Conservation

and Recovery Act of 1976 and Hazardous and Solid Waste Amendments of 1984,

42 U.S.C.

§§

6901

et seq.

, and any future amendments.

“Recipient

” means (a) the Administrative Agent, (b) any Lender, and (c) any L/C Issuer,

as applicable.

“Register”

 is defined in Section 13.2(c).

“Reimbursement Obligation”

 is defined in Section 2.3(c).

“Related Parties”

means, with respect to any Person, such Person’s Affiliates and the

partners, directors, officers, employees, agents, trustees, administrators, managers, advisors and

representatives of such Person and of such Person’s Affiliates.

“Release”

 means any spilling, leaking, pumping, pouring, emitting, emptying,

discharging, injecting, escaping, leaching, migrating, dumping, or disposing into the indoor or

outdoor environment, including, without limitation, the abandonment or discarding of barrels,

drums, containers, tanks or other receptacles containing or previously containing any Hazardous

Material.

“Required Lenders”

means, at any time, Lenders having Total Credit Exposures

representing (a) if there are 2 or less Lenders, all of the Lenders, and (b) if there are 3 or more

Lenders, 50.0% or more of the Total Credit Exposures of all Lenders. To the extent provided in

the last paragraph of Section 13.3, the Total Credit Exposure of any Defaulting Lender shall be

disregarded in determining Required Lenders at any time.

-23-

“Responsible Officer”

 of any person means any executive officer or Financial Officer of

such Person and any other officer, general partner or managing member or similar official thereof

with responsibility for the administration of the obligations of such person in respect of this

Agreement whose signature and incumbency shall have been certified to the Administrative Agent

on or after the Closing Date pursuant to an incumbency certificate of the type contemplated by

Section 7.2.

“Revolver Percentage”

 means, for each Lender, the percentage of the total Revolving

Credit Commitments represented by such Lender’s Revolving Credit Commitment or, if the

Revolving Credit Commitments have been terminated or expired, the percentage of the total

Revolving Credit Exposure then outstanding held by such Lender.

“Revolving Facility”

 means the credit facility for making Revolving Loans and Swingline

Loans and issuing Letters of Credit described in Sections 2.1, 2.2 and 2.3. 

“Revolving Credit Commitment”

 means, as to any Lender, the obligation of such Lender

to make Revolving Loans and to participate in Swingline Loans and Letters of Credit issued for

the account of the Borrower hereunder in an aggregate principal or face amount at any one time

outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.1/2.2

attached hereto and made a part hereof, as the same may be reduced or modified at any time or

from time to time pursuant to the terms hereof (including, without limitation, Section 2.15 hereof). 

The Borrower and the Lenders acknowledge and agree that the Revolving Credit Commitments of

the Lenders aggregate $250,000,000 on the Closing Date.

“Revolving Credit Exposure”

means, as to any Lender at any time, the aggregate principal

amount at such time of its outstanding Revolving Loans and such Lender’s participation in L/C

Obligations and Swingline Loans at such time.

“Revolving Credit Termination Date”

 means November 15, 2026 or such earlier date on

which the Revolving Credit Commitments are terminated in whole pursuant to Section 2.11, 9.2

or 9.3.

“Revolving Loan”

is defined in Section 2.1 and, as so defined, includes a Base Rate Loan

or a Eurodollar Loan, each of which is a

“type”

 of Revolving Loan hereunder.

“Revolving Note”

 is defined in Section 2.10.

“S&P”

 means Standard & Poor’s Ratings Services Group, a Standard & Poor’s Financial

Services LLC business.

“SEC”

 means the United States Securities and Exchange Commission.

“Secured Obligations”

 means the Obligations, Hedging Liability, and Bank Product

Obligations, in each case whether now existing or hereafter arising, due or to become due, direct

or indirect, absolute or contingent, and howsoever evidenced, held or acquired (including all

interest, costs, fees, and charges after the entry of an order for relief against any Loan Party in a

-24-

case under the United States Bankruptcy Code or any similar proceeding, whether or not such

interest, costs, fees and charges would be an allowed claim against such Loan Party in any such

proceeding);

provided, however,

 that, with respect to any Guarantor, Secured Obligations

Guaranteed by such Guarantor shall exclude all Excluded Swap Obligations.

“Securities Act”

means the United States Securities Act of 1933.

“Security Agreement”

 means that certain Security Agreement dated as of July 10, 2018, as

amended and reaffirmed by that certain Reaffirmation, Modification and Omnibus Joinder

Agreement dated as of the date hereof among the Loan Parties and the Administrative Agent, as

the same may be amended, modified, amended and restated, supplemented or otherwise modified

from time to time.

“Subsidiary”

 means, as to any particular parent corporation or organization, any other

corporation or organization more than 50% of the outstanding Voting Stock of which is at the time

directly or indirectly owned by such parent corporation or organization or by any one or more

other entities which are themselves subsidiaries of such parent corporation or organization. Unless

otherwise expressly noted herein, the term

“Subsidiary”

 means a Subsidiary of the Borrower or

of any of its direct or indirect Subsidiaries.

“

Swap Obligation

” means, with respect to any Guarantor, any obligation to pay or perform

under any agreement, contract or transaction that constitutes a “swap” within the meaning of

Section 1a(47) of the Commodity Exchange Act. 

“Sweep Depositary”

 shall have the meaning set forth in the definition of Sweep to Loan

Arrangement.

“Sweep to Loan Arrangement”

 means a cash management arrangement established by the

Borrower with the Swingline Lender or an Affiliate of the Swingline Lender, as depositary (in

such capacity, the

“Sweep Depositary”

), pursuant to which the Swingline Lender is authorized

(a) to make advances of Swingline Loans hereunder, the proceeds of which are deposited by the

Swing Lender into a designated account of the Borrower maintained at the Sweep Depositary, and

(b) to accept as prepayments of the Swingline Loans hereunder proceeds of excess targeted

balances held in such designated account at the Sweep Depositary, which cash management

arrangement is subject to such agreement(s) and on such terms acceptable to the Sweep Depositary

and the Swing Lender.

“Swingline”

means the credit facility for making one or more Swingline Loans described

in Section 2.2. 

“Swingline Lender”

 means BMO Harris Bank N.A., in its capacity as the Lender of

Swingline Loans hereunder, or any successor Lender acting in such capacity appointed pursuant

to Section 13.2.

“Swingline Lender’s Quoted Rate”

 is defined in Section 2.2(b). 

-25-

“Swingline Sublimit”

 means $15,000,000, as reduced pursuant to the terms hereof.

“Swingline Loan”

and

“Swingline Loans”

 each is defined in Section 2.2(b).

“Swing Note”

 is defined in Section 2.10.

“Tangible Net Worth

” means total shareholder’s equity that would appear on the balance

sheet of the Borrower and its Subsidiaries minus the sum of (a) all assets which would be classified

as intangible assets under GAAP, including, without limitation, goodwill, patents, trademarks,

trade names, copyrights, franchises and deferred charges (including, without limitation,

unamortized debt discount and expense, organization costs and deferred research and development

expense) and similar assets, and (b) the write up of assets above cost (other than marketable

securities); provided, however, that intangible assets shall not include prepaid expenses (including,

without limitation, prepaid insurance, software licenses and support agreements, consulting

contracts and prepaid financing fees) carried on the consolidated balance sheet, in each case

determined on a consolidated basis in accordance with GAAP.

“Taxes”

 means all present or future taxes, levies, imposts, duties, deductions, withholdings

(including backup withholding), assessments, fees or other charges imposed by any Governmental

Authority, including any interest, additions to tax or penalties applicable thereto.

“Total Capitalization”

 means, at any time the same is to be determined, the sum of (a)

Total Funded Debt and (b) Net Worth.

“Total Credit Exposure”

means, as to any Lender at any time, the unused Commitments,

Revolving Credit Exposure, and Incremental Term Loans (if any) of such Lender at such time.

“Total Funded Debt”

 means, at any time the same is to be determined, the sum (but without

duplication) of (a) all Indebtedness of the Borrower and its Subsidiaries at such time described in

clauses (a) through (f), both inclusive, of the definition thereof, and (b) all Indebtedness of any

other Person which is directly or indirectly Guaranteed by the Borrower or any of its Subsidiaries

or which the Borrower or any of its Subsidiaries has agreed (contingently or otherwise) to purchase

or otherwise acquire or in respect of which the Borrower or any of its Subsidiaries has otherwise

assured a creditor against loss.

“Total Funded Debt to Capitalization Ratio”

 means, as of the last day of any fiscal quarter

of the Borrower, the ratio of (a) Total Funded Debt of the Borrower and its Subsidiaries as of the

last day of such fiscal quarter to (b) Total Capitalization of the Borrower and its Subsidiaries as of

the last day of such fiscal quarter.

“Unfunded Vested Liabilities”

means, for any Plan at any time, the amount (if any) by

which the present value of all vested nonforfeitable accrued benefits under such Plan exceeds the

fair market value of all Plan assets allocable to such benefits, all determined as of the then most

recent valuation date for such Plan, but only to the extent that such excess represents a potential

liability of a member of the Controlled Group to the PBGC or the Plan under Title IV of ERISA.

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“U.S. Dollars”

 and

“$”

 each means the lawful currency of the United States of America.

“U.S. Person”

means any Person that is a “United States Person” as defined in

Section 7701(a)(30) of the Code.

“U.S. Tax Compliance Certificate”

has the meaning assigned to such term in subsection (f)

of Section 4.1.

“Voting Stock”

 of any Person means capital stock or other equity interests of any class or

classes (however designated) having ordinary power to vote as prescribed for such class of capital

stock or equity interest for the election of directors or other similar governing body of such Person,

other than stock or other equity interests having such power only by reason of the happening of a

contingency.

“Welfare Plan”

 means a “welfare plan” as defined in Section 3(1) of ERISA.

“Wholly-owned Subsidiary”

 means a Subsidiary of which all of the issued and outstanding

shares of capital stock (other than directors’ qualifying shares as required by law) or other equity

interests are owned by the Borrower and/or one or more Wholly-owned Subsidiaries within the

meaning of this definition.

“Withholding Agent”

 means any Loan Party and the Administrative Agent.

“Write-Down and Conversion Powers”

 means, with respect to any EEA Resolution

Authority, the write-down and conversion powers of such EEA Resolution Authority from time to

time under the Bail-In Legislation for the applicable EEA Member Country, which write-down

and conversion powers are described in the EU Bail-In Legislation Schedule.

Section 1.2.

Interpretation.

 The foregoing definitions are equally applicable to both the

singular and plural forms of the terms defined. Whenever the context may require, any pronoun

shall include the corresponding masculine, feminine and neuter forms. The words “include,”

“includes” and “including” shall be deemed to be followed by the phrase “without limitation.” 

The word “will” shall be construed to have the same meaning and effect as the word “shall.” 

Unless the context requires otherwise (a) any definition of or reference to any agreement,

instrument or other document herein shall be construed as referring to such agreement, instrument

or other document as from time to time amended, supplemented or otherwise modified (subject to

any restrictions on such amendments, supplements or modifications set forth herein), (b) any

reference herein to any Person shall be construed to include such Person’s successors and assigns,

(c) the words “herein,” “hereof” and “hereunder,” and words of similar import, shall be construed

to refer to this Agreement in its entirety and not to any particular provision hereof, (d) all references

herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and

Sections of, and Exhibits and Schedules to, this Agreement, (e) any reference to any law or

regulation herein shall, unless otherwise specified, refer to such law or regulation as amended,

modified or supplemented from time to time, and (f) the words “asset” and “property” shall be

construed to have the same meaning and effect and to refer to any and all tangible and intangible

assets and properties, including cash, securities, accounts and contract rights. All references to

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time of day herein are references to Chicago, Illinois, time unless otherwise specifically provided. 

Where the character or amount of any asset or liability or item of income or expense is required to

be determined or any consolidation or other accounting computation is required to be made for the

purposes of this Agreement, it shall be done in accordance with GAAP, except where there is

variation from GAAP as currently reflected under the current financial statements as consistently

applied and except where such principles are inconsistent with the specific provisions of this

Agreement. 

Section 1.3. Change in Accounting Principles

. If, after the date of this Agreement, there

shall occur any change in GAAP from those used in the preparation of the financial statements

referred to in Section 6.5 and such change shall result in a change in the method of calculation of

any financial covenant, standard or term found in this Agreement, either the Borrower or the

Required Lenders may by notice to the Lenders and the Borrower, respectively, require that the

Lenders and the Borrower negotiate in good faith to amend such covenants, standards, and terms

so as equitably to reflect such change in accounting principles, with the desired result being that

the criteria for evaluating the financial condition of the Borrower and its Subsidiaries shall be the

same as if such change had not been made. No delay by the Borrower or the Required Lenders in

requiring such negotiation shall limit their right to so require such a negotiation at any time after

such a change in accounting principles. Until any such covenant, standard, or term is amended in

accordance with this Section, financial covenants shall be computed and determined in accordance

with GAAP in effect prior to such change in accounting principles. Without limiting the generality

of the foregoing, the Borrower shall neither be deemed to be in compliance with any financial

covenant hereunder nor out of compliance with any financial covenant hereunder if such state of

compliance or noncompliance, as the case may be, would not exist but for the occurrence of a

change in accounting principles after the date hereof.

 Section 1.4. Divisions

. For all purposes under the Loan Documents, in connection with

any division or plan of division under Delaware law (or any comparable event under a different

jurisdiction’s laws): (a) if any asset, right, obligation or liability of any Person becomes the asset,

right, obligation or liability of a different Person, then it shall be deemed to have been transferred

from the original Person to the subsequent Person, and (b) if any new Person comes into existence,

such new Person shall be deemed to have been organized on the first date of its existence by the

holders of its equity interests at such time.

S

ECTION

 2. T

HE

R

EVOLVING

F

ACILITY

Section 2.1. Revolving Facility. 

Subject to the terms and conditions hereof, each Lender,

by its acceptance hereof, severally agrees to make a loan or loans (individually a

“Revolving Loan”

and collectively for all the Lenders the

“Revolving Loans”

) in U.S. Dollars to the Borrower from

time to time on a revolving basis up to the amount of such Lender’s Revolving Credit

Commitment, subject to any reductions thereof pursuant to the terms hereof, before the Revolving

Credit Termination Date. The sum of the aggregate principal amount of Revolving Loans,

Swingline Loans, and L/C Obligations at any time outstanding shall not exceed the Revolving

Credit Commitments in effect at such time. Each Borrowing of Revolving Loans shall be made

ratably by the Lenders in proportion to their respective Revolver Percentages. As provided in

Section 2.6(a), the Borrower may elect that each Borrowing of Revolving Loans be either Base

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Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and the principal amount thereof

reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions

hereof.

Section 2.2

Swingline Loans.

 (a)

Generally

. Subject to the terms and conditions hereof,

as part of the Revolving Facility, the Swingline Lender may, in its sole discretion, make loans in

U.S. Dollars to the Borrower under the Swingline (individually a

“Swingline Loan”

 and

collectively the

“Swingline Loans”

) which shall not in the aggregate at any time outstanding

exceed the Swingline Sublimit. Swingline Loans may be availed of from time to time and

borrowings thereunder may be repaid and used again during the period ending on the Revolving

Credit Termination Date. Each Swingline Loan shall be in a minimum amount of $150,000 or

such greater amount which is an integral multiple of $100,000. Each Swingline Loan shall bear

interest until maturity (whether by acceleration or otherwise) at a rate per annum equal to (x) the

rate per annum for Base Rate Loans under the Revolving Facility as from time to time in effect or

(y) the Swingline Lender’s Quoted Rate (computed on the basis of a year of 360 days for the actual

number of days elapsed). Interest on each Swingline Loan shall be due and payable by the

Borrower on each Interest Payment Date and at maturity (whether by acceleration or otherwise).

 (b)

 Requests for Swingline Loans

. The Borrower shall give the Administrative Agent

prior notice (which may be written or oral) no later than 12:00 Noon (Chicago time) on the date

upon which the Borrower requests that any Swingline Loan be made, of the amount and date of

such Swingline Loan, and, if applicable, the Interest Period requested therefor. The Administrative

Agent shall promptly advise the Swingline Lender of any such notice received from the Borrower. 

Thereafter, the Swingline Lender shall notify the Administrative Agent (who shall thereafter

promptly notify the Borrower) whether or not it has elected to make such Swingline Loan. If the

Swingline Lender agrees to make such Swingline Loan, it may in its discretion quote an interest

rate to the Borrower at which the Swingline Lender would be willing to make such Swingline Loan

available to the Borrower for the Interest Period so requested (the rate so quoted for a given Interest

Period being herein referred to as

“Swingline Lender’s Quoted Rate”

). The Borrower

acknowledges and agrees that the interest rate quote is given for immediate and irrevocable

acceptance. If the Borrower does not so immediately accept the Swingline Lender’s Quoted Rate

for the full amount requested by the Borrower for such Swingline Loan, the Swingline Lender’s

Quoted Rate shall be deemed immediately withdrawn. If the Swingline Lender’s Quoted Rate is

not accepted or otherwise does not apply, such Swingline Loan shall bear interest at the rate per

annum for Base Rate Loans under the Revolving Facility as from time to time in effect. Subject

to the terms and conditions hereof, the proceeds of each Swingline Loan extended to the Borrower

shall be deposited or otherwise wire transferred to the Borrower’s Designated Disbursement

Account or as the Borrower, the Administrative Agent, and the Swingline Lender may otherwise

agree. Anything contained in the foregoing to the contrary notwithstanding, the undertaking of

the Swingline Lender to make Swingline Loans shall be subject to all of the terms and conditions

of this Agreement (provided that the Swingline Lender shall be entitled to assume that the

conditions precedent to an advance of any Swingline Loan have been satisfied unless notified to

the contrary by the Administrative Agent or the Required Lenders). 

 (c)

Refunding Swingline Loans

. In its sole and absolute discretion, the Swingline Lender

may at any time, on behalf of the Borrower (which hereby irrevocably authorizes the Swingline

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Lender to act on its behalf for such purpose) and with notice to the Borrower and the

Administrative Agent, request each Lender to make a Revolving Loan in the form of a Base Rate

Loan in an amount equal to such Lender’s Revolver Percentage of the amount of the Swingline

Loans outstanding on the date such notice is given (which Loans shall thereafter bear interest as

provided for in Section 2.4(a)). Unless an Event of Default described in Section 9.1(j) or 9.1(k)

exists with respect to the Borrower, regardless of the existence of any other Event of Default, each

Lender shall make the proceeds of its requested Revolving Loan available to the Administrative

Agent for the account of the Swingline Lender), in immediately available funds, at the

Administrative Agent’s office in Chicago, Illinois (or such other location designated by the

Administrative Agent), before 12:00 Noon (Chicago time) on the Business Day following the day

such notice is given. The Administrative Agent shall promptly remit the proceeds of such

Borrowing to the Swingline Lender to repay the outstanding Swingline Loans.

 (d)

Participation in Swingline Loans. 

If any Lender refuses or otherwise fails to make a

Revolving Loan when requested by the Swingline Lender pursuant to Section 2.2(b) above

(because an Event of Default described in Section 9.1(j) or 9.1(k)

exists with respect to the

Borrower or otherwise), such Lender will, by the time and in the manner such Revolving Loan

was to have been funded to the Swingline Lender, purchase from the Swingline Lender an

undivided participating interest in the outstanding Swingline Loans in an amount equal to its

Revolver Percentage of the aggregate principal amount of Swingline Loans that were to have been

repaid with such Revolving Loans. From and after the date of any such purchase, the parties hereto

hereby acknowledge and agree that such Swingline Loans shall thereafter bear interest at the rate

for such Swingline Loan as determined in accordance with Section 2.2(b) hereof. Each Lender

that so purchases a participation in a Swingline Loan shall thereafter be entitled to receive its

Revolver Percentage of each payment of principal received on the Swingline Loan and of interest

received thereon accruing from the date such Lender funded to the Swingline Lender its

participation in such Loan. The several obligations of the Lenders under this Section shall be

absolute, irrevocable, and unconditional under any and all circumstances whatsoever and shall not

be subject to any set-off, counterclaim or defense to payment which any Lender may have or have

had against the Borrower, any other Lender, or any other Person whatsoever. Without limiting the

generality of the foregoing, such obligations shall not be affected by any Default or by any

reduction or termination of the Commitments of any Lender, and each payment made by a Lender

under this Section shall be made without any offset, abatement, withholding, or reduction

whatsoever.

 (e)

Sweep to Loan Arrangement

. So long as a Sweep to Loan Arrangement is in effect,

and subject to the terms and conditions thereof, Swingline Loans may be advanced and prepaid

hereunder notwithstanding any notice, minimum amount, or funding and payment location

requirements hereunder for any advance of Swingline Loans or for any prepayment of any

Swingline Loans. The making of any such Swingline Loans shall otherwise be subject to the other

terms and conditions of this Agreement. The Swingline Lender shall have the right in its sole

discretion to suspend or terminate the making and/or prepayment of Swingline Loans pursuant to

such Sweep to Loan Arrangement with notice to the Sweep Depositary and the Borrower (which

may be provided on a same-day basis), whether or not any Default exists. The Swingline Lender

shall not be liable to the Borrower or any other Person for any losses directly or indirectly resulting

from events beyond the Swingline Lender’s reasonable control, including without limitation any

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interruption of communications or data processing services or legal restriction or for any special,

indirect, consequential or punitive damages in connection with any Sweep to Loan Arrangement.

Section 2.3. Letters of Credit.

 (a)

General Terms.

 Subject to the terms and conditions hereof, as part of the Revolving

Facility, the L/C Issuer shall issue standby and commercial letters of credit (each a

“Letter of

Credit”

) for the account of the Borrower

or for the account of the Borrower and one or more of its

Subsidiaries

in an aggregate undrawn face amount up to the L/C Sublimit. Each Letter of Credit

shall be issued by the L/C Issuer, but each Lender shall be obligated to reimburse the L/C Issuer

for such Lender’s Revolver Percentage of the amount of each drawing thereunder and, accordingly,

Letters of Credit shall constitute usage of the Revolving Credit Commitment of each Lender pro

rata in an amount equal to its Revolver Percentage of the L/C Obligations then outstanding.

 (b)

Applications.

 At any time before the Revolving Credit Termination Date, the

L/C Issuer shall, at the request of the Borrower, issue one or more Letters of Credit

in U.S. Dollars,

in a form satisfactory to the L/C Issuer, with expiration dates no later than the earlier of 12 months

from the date of issuance (or which are cancelable not later than 12 months from the date of

issuance and each renewal) or thirty (30) days prior to the Revolving Credit Termination Date, in

an aggregate face amount as set forth above, upon the receipt of an application duly executed by

the Borrower and, if such Letter of Credit is for the account of one of its Subsidiaries, such

Subsidiary

for the relevant Letter of Credit in the form then customarily prescribed by the

L/C Issuer for the Letter of Credit requested (each an

“Application”

). The Borrower agrees that

if on the Revolving Credit Termination Date any Letters of Credit remain outstanding the

Borrower shall then deliver to the Administrative Agent, without notice or demand, Cash

Collateral in an amount equal to 105% of the aggregate amount of each Letter of Credit then

outstanding (which shall be held by the Administrative Agent pursuant to the terms of Section 9.4). 

Notwithstanding anything contained in any Application to the contrary: (i) the Borrower shall pay

fees in connection with each Letter of Credit as set forth in Section 3.1, (ii) except as otherwise

provided herein or in Sections 2.8, 2.13 or 2.14, unless an Event of Default exists, the L/C Issuer

will not call for the funding by the Borrower of any amount under a Letter of Credit before being

presented with a drawing thereunder, and (iii) if the L/C Issuer is not timely reimbursed for the

amount of any drawing under a Letter of Credit on the date such drawing is paid, except as

otherwise provided for in Section 2.6(c), the Borrower’s obligation to reimburse the L/C Issuer for

the amount of such drawing shall bear interest (which the Borrower hereby promises to pay) from

and after the date such drawing is paid at a rate per annum equal to the sum of the Applicable

Margin plus the Base Rate from time to time in effect (computed on the basis of a year of 365 or

366 days, as the case may be, and the actual number of days elapsed). If the L/C Issuer issues any

Letter of Credit with an expiration date that is automatically extended unless the L/C Issuer gives

notice that the expiration date will not so extend beyond its then scheduled expiration date, unless

the Administrative Agent or the Required Lenders instruct the L/C Issuer otherwise, the L/C Issuer

will give such notice of non-renewal before the time necessary to prevent such automatic extension

if before such required notice date: (i) the expiration date of such Letter of Credit if so extended

would be after the Revolving Credit Termination Date, (ii) the Revolving Credit Commitments

have been terminated, or (iii) an Event of Default exists and either the Administrative Agent or the

Required Lenders (with notice to the Administrative Agent) have given the L/C Issuer instructions

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not to so permit the extension of the expiration date of such Letter of Credit. The L/C Issuer agrees

to issue amendments to the Letter(s) of Credit increasing the amount, or extending the expiration

date, thereof at the request of the Borrower subject to the conditions of Section 7 and the other

terms of this Section. 

 (c)

The Reimbursement Obligations.

 Subject to Section 2.3(b), the obligation of the

Borrower to reimburse the L/C Issuer for all drawings under a Letter of Credit (a

“Reimbursement

Obligation”

) shall be governed by the Application related to such Letter of Credit, except that

reimbursement shall be made (i) by no later than 2:00 p.m. (Chicago time) on the date when each

drawing is to be paid if the Borrower has been informed of such drawing by the L/C Issuer on or

before 10:00 a.m. (Chicago time) on the date when such drawing is to be paid and the Borrower

has notified the Administrative Agent by 1:00 p.m. (Chicago time) on such date that the Borrower

will reimburse the L/C Issuer on the date each such drawing is to be paid, or (ii) if notice of such

drawing is given to the Borrower after 10:00 a.m. (Chicago time) on the date when such drawing

is to be paid or if the Borrower fails to notify the Administrative Agent by 1:00 p.m. (Chicago

time) on such date that the Borrower will reimburse the L/C Issuer on the date each such drawing

is to be paid, by no later than 12:00 Noon (Chicago time) on the following Business Day, in each

case, in immediately available funds at the Administrative Agent’s principal office in Chicago,

Illinois, or such other office as the Administrative Agent may designate in writing to the Borrower

(who shall thereafter cause to be distributed to the L/C Issuer such amount(s) in like funds). If the

Borrower does not make any such reimbursement payment on the date due and the Participating

Lenders fund their participations therein in the manner set forth in Section 2.3(e) below, then all

payments thereafter received by the Administrative Agent in discharge of any of the relevant

Reimbursement Obligations shall be distributed in accordance with Section 2.3(e) below. 

 (d)

Obligations Absolute.

 The Borrower’s obligation to reimburse L/C Obligations shall

be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the

terms of this Agreement and the relevant Application under any and all circumstances whatsoever

and irrespective of (i) any lack of validity or enforceability of any Letter of Credit or this

Agreement, or any term or provision therein, (ii) any draft or other document presented under a

Letter of Credit proving to be forged, fraudulent or invalid in any respect or any statement therein

being untrue or inaccurate in any respect, (iii) payment by the L/C Issuer under a Letter of Credit

against presentation of a draft or other document that does not strictly comply with the terms of

such Letter of Credit, or (iv) any other event or circumstance whatsoever, whether or not similar

to any of the foregoing, that might, but for the provisions of this Section, constitute a legal or

equitable discharge of, or provide a right of setoff against, the Borrower’s obligations hereunder.

None of the Administrative Agent, the Lenders, or the L/C Issuer shall have any liability or

responsibility by reason of or in connection with the issuance or transfer of any Letter of Credit or

any payment or failure to make any payment thereunder (irrespective of any of the circumstances

referred to in the preceding sentence), or any error, omission, interruption, loss or delay in

transmission or delivery of any draft, notice or other communication under or relating to any Letter

of Credit (including any document required to make a drawing thereunder), any error in

interpretation of technical terms or any consequence arising from causes beyond the control of the

L/C Issuer;

provided

 that the foregoing shall not be construed to excuse the L/C Issuer from

liability to the Borrower to the extent of any direct damages (as opposed to consequential damages,

claims in respect of which are hereby waived by the Borrower and each other Loan Party to the

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extent permitted by applicable law) suffered by the Borrower or any Loan Party that are caused by

the L/C Issuer’s failure to exercise care when determining whether drafts and other documents

presented under a Letter of Credit comply with the terms thereof. The parties hereto expressly

agree that, in the absence of gross negligence or willful misconduct on the part of the L/C Issuer

(as determined by a court of competent jurisdiction by final and nonappealable judgment), the

L/C Issuer shall be deemed to have exercised care in each such determination. In furtherance of

the foregoing and without limiting the generality thereof, the parties agree that, with respect to

documents presented which appear on their face to be in substantial compliance with the terms of

a Letter of Credit, the L/C Issuer may, in its reasonable discretion, either accept and make payment

upon such documents without responsibility for further investigation, or refuse to accept and make

payment upon such documents if such documents are not in strict compliance with the terms of

such Letter of Credit. 

 (e)

The Participating Interests.

 Each Lender (other than the Lender acting as L/C Issuer

in issuing the relevant Letter of Credit), by its acceptance hereof, severally agrees to purchase from

the L/C Issuer, and the L/C Issuer hereby agrees to sell to each such Lender (a

“Participating

Lender”

), an undivided percentage participating interest (a

“Participating Interest”)

, to the extent

of its Revolver Percentage, in each Letter of Credit issued by, and each Reimbursement Obligation

owed to, the L/C Issuer. Upon any failure by the Borrower to pay any Reimbursement Obligation

at the time required on the date the related drawing is to be paid, as set forth in Section 2.3(c)

above, or if the L/C Issuer is required at any time to return to the Borrower or to a trustee, receiver,

liquidator, custodian or other Person any portion of any payment of any Reimbursement

Obligation, each Participating Lender shall, not later than the Business Day it receives a certificate

in the form of Exhibit A hereto from the L/C Issuer (with a copy to the Administrative Agent) to

such effect, if such certificate is received before 1:00 p.m. (Chicago time), or not later than

1:00 p.m. (Chicago time) the following Business Day, if such certificate is received after such

time, pay to the Administrative Agent for the account of the L/C Issuer an amount equal to such

Participating Lender’s Revolver Percentage of such unpaid or recaptured Reimbursement

Obligation together with interest on such amount accrued from the date the related payment was

made by the L/C Issuer to the date of such payment by such Participating Lender at a rate per

annum equal to: (i) from the date the related payment was made by the L/C Issuer to the date two

(2) Business Days after payment by such Participating Lender is due hereunder, at the greater of

the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with

banking industry rules on interbank compensation for each such day and (ii) from the date two

(2) Business Days after the date such payment is due from such Participating Lender to the date

such payment is made by such Participating Lender, the Base Rate in effect for each such day. 

Each such Participating Lender shall thereafter be entitled to receive its Revolver Percentage of

each payment received in respect of the relevant Reimbursement Obligation and of interest paid

thereon, with the L/C Issuer retaining its Revolver Percentage thereof as a Lender hereunder. The

several obligations of the Participating Lenders to the L/C Issuer under this Section shall be

absolute, irrevocable, and unconditional under any and all circumstances whatsoever and shall not

be subject to any set-off, counterclaim or defense to payment which any Participating Lender may

have or have had against the Borrower, the L/C Issuer, the Administrative Agent, any Lender or

any other Person whatsoever. Without limiting the generality of the foregoing, such obligations

shall not be affected by any Default or by any reduction or termination of any Commitment of any

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Lender, and each payment by a Participating Lender under this Section shall be made without any

offset, abatement, withholding or reduction whatsoever. 

 (f)

Indemnification.

 The Participating Lenders shall, to the extent of their respective

Revolver Percentages, indemnify the L/C Issuer (to the extent not reimbursed by the Borrower)

against any cost, expense (including reasonable counsel fees and disbursements), claim, demand,

action, loss or liability (except such as result from such L/C Issuer’s gross negligence or willful

misconduct as determined by a court of competent jurisdiction by final and nonappealable

judgment) that the L/C Issuer may suffer or incur in connection with any Letter of Credit issued

by it. The obligations of the Participating Lenders under this subsection (f) and all other parts of

this Section shall survive termination of this Agreement and of all Applications, Letters of Credit,

and all drafts and other documents presented in connection with drawings thereunder.

 (g)

Manner of Requesting a Letter of Credit.

 The Borrower shall provide at least five

(5) Business Days’ advance written notice to the Administrative Agent of each request for the

issuance of a Letter of Credit, such notice in each case to be accompanied by an Application for

such Letter of Credit properly completed and executed by the Borrower and, in the case of an

extension or amendment or an increase in the amount of a Letter of Credit, a written request

therefor, in a form acceptable to the Administrative Agent and the L/C Issuer, in each case,

together with the fees called for by this Agreement. The Administrative Agent shall promptly

notify the L/C Issuer of the Administrative Agent’s receipt of each such notice (and

the L/C Issuer

shall be entitled to assume that the conditions precedent to any such issuance, extension,

amendment or increase have been satisfied unless notified to the contrary by the Administrative

Agent or the Required Lenders) and the L/C Issuer shall promptly notify the Administrative Agent

and the Lenders of the issuance of the Letter of Credit so requested. 

 (h)

Replacement of the L/C Issuer

. The L/C Issuer may be replaced at any time by written

agreement among the Borrower, the Administrative Agent, the replaced L/C Issuer, and the

successor L/C Issuer. The Administrative Agent shall notify the Lenders of any such replacement

of the L/C Issuer. At the time any such replacement shall become effective, the Borrower shall

pay all unpaid fees accrued for the account of the replaced L/C Issuer. From and after the effective

date of any such replacement (i) the successor L/C Issuer shall have all the rights and obligations

of the L/C Issuer under this Agreement with respect to Letters of Credit to be issued thereafter and

(ii) references herein to the term “L/C Issuer” shall be deemed to refer to such successor or to any

previous L/C Issuer, or to such successor and all previous L/C Issuers, as the context shall require. 

After the replacement of a L/C Issuer hereunder, the replaced L/C Issuer shall remain a party

hereto and shall continue to have all the rights and obligations of a L/C Issuer under this Agreement

with respect to Letters of Credit issued by it prior to such replacement, but shall not be required to

issue additional Letters of Credit.

Section 2.4. Applicable Interest Rates.

 (a)

Base Rate Loans.

 Each Base Rate Loan made or maintained by a Lender shall bear

interest (computed on the basis of a year of 365 or 366 days, as the case may be (360 days, in the

case of clause (c) of the definition of Base Rate relating to the LIBOR Quoted Rate), and the actual

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days elapsed on the unpaid principal amount thereof from the date such Loan is advanced, or

created by conversion from a Eurodollar Loan, until maturity (whether by acceleration or

otherwise) at a rate per annum equal to the sum of the Applicable Margin plus the Base Rate from

time to time in effect, payable by the Borrower on each Interest Payment Date and at maturity

(whether by acceleration or otherwise).

 (b)

Eurodollar Loans.

 Each Eurodollar Loan made or maintained by a Lender shall bear

interest during each Interest Period it is outstanding (computed on the basis of a year of 360 days

and actual days elapsed) on the unpaid principal amount thereof from the date such Loan is

advanced or continued, or created by conversion from a Base Rate Loan, until maturity (whether

by acceleration or otherwise) at a rate per annum equal to the sum of the Applicable Margin plus

the Adjusted LIBOR applicable for such Interest Period, payable by the Borrower on each Interest

Payment Date and at maturity (whether by acceleration or otherwise). 

 (c)

Rate Determinations.

 The Administrative Agent shall determine each interest rate

applicable to the Loans and the Reimbursement Obligations hereunder, and its determination

thereof shall be conclusive and binding except in the case of manifest error. 

Section 2.5. Minimum Borrowing Amounts; Maximum Eurodollar Loans

. Each

Borrowing of Base Rate Loans advanced under a Facility shall be in an amount not less than

$100,000. Each Borrowing of Eurodollar Loans advanced, continued or converted under a Facility

shall be in an amount equal to $1,000,000 or such greater amount which is an integral multiple of

$500,000. Without the Administrative Agent’s consent, there shall not be more than ten (10)

Borrowings of Eurodollar Loans outstanding hereunder at any one time. 

Section 2.6. Manner of Borrowing Loans and Designating Applicable Interest Rates.

 (a)

Notice to the Administrative Agent.

 The Borrower shall give notice to the

Administrative

Agent by no later than 12:00 noon (Chicago time): (i) at least three (3) Business

Days before the date on which the Borrower requests the Lenders to advance a Borrowing of

Eurodollar Loans and (ii) on the date the Borrower requests the Lenders to advance a Borrowing

of Base Rate Loans. The Loans included in each Borrowing shall bear interest initially at the type

of rate specified in such notice of a new Borrowing. Thereafter, subject to the terms and conditions

hereof, the Borrower may from time to time elect to change or continue the type of interest rate

borne by each Borrowing or, subject to the minimum amount requirement for each outstanding

Borrowing set forth in Section 2.5, a portion thereof, as follows: (i) if such Borrowing is of

Eurodollar Loans, on the last day of the Interest Period applicable thereto, the Borrower may

continue part or all of such Borrowing as Eurodollar Loans or convert part or all of such Borrowing

into Base Rate Loans or (ii) if such Borrowing is of Base Rate Loans, on any Business Day, the

Borrower may convert all or part of such Borrowing into Eurodollar Loans for an Interest Period

or Interest Periods specified by the Borrower. The Borrower shall give all such notices requesting

the advance, continuation or conversion of a Borrowing to the Administrative

Agent by telephone,

telecopy, or other telecommunication device acceptable to the Administrative Agent (which notice

shall be irrevocable once given and, if by telephone, shall be promptly confirmed in writing in a

manner acceptable to the Administrative Agent), substantially in the form attached hereto as

Exhibit B (Notice of Borrowing) or Exhibit C (Notice of Continuation/Conversion), as applicable,

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or in such other form acceptable to the Administrative

Agent. Notice of the continuation of a

Borrowing of Eurodollar Loans for an additional Interest Period or of the conversion of part or all

of a Borrowing of Base Rate Loans into Eurodollar Loans must be given by no later than

12:00 noon (Chicago time) at least three (3) Business Days before the date of the requested

continuation or conversion. All such notices concerning the advance, continuation or conversion

of a Borrowing shall specify the date of the requested advance, continuation or conversion of a

Borrowing (which shall be a Business Day), the amount of the requested Borrowing to be

advanced, continued or converted, the type of Loans to comprise such new, continued or converted

Borrowing and, if such Borrowing is to be comprised of Eurodollar Loans, the Interest Period

applicable thereto. Upon notice to the Borrower by the Administrative Agent or the Required

Lenders (or, in the case of an Event of Default under Section 9.1(j) or 9.1(k) with respect to the

Borrower, without notice), no Borrowing of Eurodollar Loans shall be advanced, continued, or

created by conversion if any Default then exists. The Borrower agrees that the Administrative

Agent may rely on any such telephonic, telecopy or other telecommunication notice given by any

person the Administrative Agent in good faith believes is an Authorized Representative without

the necessity of independent investigation, and in the event any such notice by telephone conflicts

with any written confirmation such telephonic notice shall govern if the Administrative Agent has

acted in reliance thereon.

 (b)

Notice to the Lenders

. The Administrative Agent shall give prompt telephonic,

telecopy or other telecommunication notice to each Lender of any notice from the Borrower

received pursuant to Section 2.6(a) above and, if such notice requests the Lenders to make

Eurodollar Loans, the Administrative Agent shall give notice to the Borrower and each Lender by

like means of the interest rate applicable thereto promptly after the Administrative Agent has made

such determination.

 (c)

Borrower’s Failure to Notify. 

If the Borrower fails to give notice pursuant to

Section 2.6(a) above of the continuation or conversion of any outstanding principal amount of a

Borrowing of Eurodollar Loans before the last day of its then current Interest Period within the

period required by Section 2.6(a) and such Borrowing is not prepaid in accordance with

Section 2.8(a), such Borrowing shall automatically be converted into a Borrowing of Base Rate

Loans. In the event the Borrower fails to give notice pursuant to Section 2.6(a) above of a

Borrowing equal to the amount of a Reimbursement Obligation and has not notified the

Administrative Agent by 12:00 noon (Chicago time) on the day such Reimbursement Obligation

becomes due that it intends to repay such Reimbursement Obligation through funds not borrowed

under this Agreement, the Borrower shall be deemed to have requested a Borrowing of Base Rate

Loans under the Revolving Facility (or, at the option of the Swingline Lender, under the Swingline)

on such day in the amount of the Reimbursement Obligation then due, which Borrowing shall be

applied to pay the Reimbursement Obligation then due.

 (d)

Disbursement of Loans

. Not later than 2:00 p.m. (Chicago time) on the date of any

requested advance of a new Borrowing, subject to Section 7, each Lender shall make available its

Loan comprising part of such Borrowing in funds immediately available at the principal office of

the Administrative Agent in Chicago, Illinois (or at such other location as the Administrative Agent

shall designate). The Administrative Agent shall make the proceeds of each new Borrowing

available to the Borrower at the Administrative Agent’s principal office in Chicago, Illinois (or at

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such other location as the Administrative Agent shall designate), by depositing or wire transferring

such proceeds to the credit of the Borrower’s Designated Disbursement Account or as the

Borrower and the Administrative Agent may otherwise agree.

 (e)

Administrative Agent Reliance on Lender Funding.

 Unless the Administrative Agent

shall have been notified by a Lender prior to (or, in the case of a Borrowing of Base Rate Loans,

by 1:00 p.m. (Chicago time) on) the date on which such Lender is scheduled to make payment to

the Administrative Agent of the proceeds of a Loan (which notice shall be effective upon receipt)

that such Lender does not intend to make such payment, the Administrative Agent may assume

that such Lender has made such payment when due and the Administrative Agent may in reliance

upon such assumption (but shall not be required to) make available to the Borrower the proceeds

of the Loan to be made by such Lender and, if any Lender has not in fact made such payment to

the Administrative Agent, such Lender shall, on demand, pay to the Administrative Agent the

amount made available to the Borrower attributable to such Lender together with interest thereon

in respect of each day during the period commencing on the date such amount was made available

to the Borrower and ending on (but excluding) the date such Lender pays such amount to the

Administrative Agent at a rate per annum equal to: (i) from the date the related advance was made

by the Administrative Agent to the date two (2) Business Days after payment by such Lender is

due hereunder, the greater of the Federal Funds Rate and a rate determined by the Administrative

Agent in accordance with banking industry rules on interbank compensation for each such day and

(ii) from the date two (2) Business Days after the date such payment is due from such Lender to

the date such payment is made by such Lender, the Base Rate in effect for each such day. If such

amount is not received from such Lender by the Administrative Agent immediately upon demand,

the Borrower will, on demand, repay to the Administrative Agent the proceeds of the Loan

attributable to such Lender with interest thereon at a rate per annum equal to the interest rate

applicable to the relevant Loan, but without such payment being considered a payment or

prepayment of a Loan under Section 4.5 so that the Borrower will have no liability under such

Section with respect to such payment. Any payment by the Borrower shall be without prejudice

to any claim the Borrower may have against a Lender that shall have failed to make such payment

to the Administrative Agent.

 Section 2.7. Maturity of Loans

. 

 (a)

Revolving Loans.

 Each Revolving Loan, both for principal and interest not sooner

paid, shall mature and be due and payable by the Borrower on the Revolving Credit Termination

Date. 

 (b)

Swingline Loans

. Each Swingline Loan, both for principal and interest not sooner

paid, shall mature and be due and payable by the Borrower on the Revolving Credit Termination

Date. 

Section 2.8. Prepayment.

(a)

 Optional

. The Borrower may prepay in whole or in part (but, if in part, then: (i) if

such Borrowing is of Base Rate Loans, in an amount not less than $100,000, (ii) if such Borrowing

is of Eurodollar Loans, in an amount not less than $500,000, and (iii) in each case, in an amount

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such that the minimum amount required for a Borrowing pursuant to Sections 2.2(b) and 2.5

remains outstanding) upon not less than three (3) Business Days prior notice by the Borrower to

the Administrative Agent in the case of any prepayment of a Borrowing of Eurodollar Loans and

notice delivered by the Borrower to the Administrative Agent no later than 12:00 noon (Chicago

time) on the date of prepayment in the case of a Borrowing of Base Rate Loans (or, in any case,

such shorter period of time then agreed to by the Administrative Agent), such prepayment to be

made by the payment of the principal amount to be prepaid and, in the case of any Incremental

Term Loans, any Eurodollar Loans or Swingline Loans, accrued interest thereon to the date fixed

for prepayment plus any amounts due the Lenders under Section 4.5. 

 (b)

Mandatory

. (i) The Borrower shall, on each date the Revolving Credit Commitments

are reduced pursuant to Section 2.11, prepay the Swingline Loans, Revolving Loans, and, if

necessary, prefund the L/C Obligations by the amount, if any, necessary to reduce the sum of the

aggregate principal amount of Swingline Loans, Revolving Loans, and L/C Obligations then

outstanding to the amount to which the Revolving Credit Commitments have been so reduced. 

 (ii) If the Borrower or any Subsidiary shall at any time or from time to time make or agree

to make a Disposition (other than a Disposition permitted pursuant to Section 8.10 hereof) or shall

suffer an Event of Loss with respect to any Property, then the Borrower shall promptly notify the

Administrative Agent of such proposed Disposition or Event of Loss (including the amount of the

estimated Net Cash Proceeds to be received by the Borrower or such Subsidiary in respect thereof)

and, promptly upon receipt by the Borrower or such Subsidiary of the Net Cash Proceeds of such

Disposition or Event of Loss, the Borrower shall prepay the Obligations in an aggregate amount

equal to 100% of the amount of all such Net Cash Proceeds;

provided

 that (x) so long as no Default

then exists, this subsection shall not require any such prepayment with respect to Net Cash

Proceeds received on account of an Event of Loss so long as such Net Cash Proceeds are applied

to replace or restore the relevant Property in accordance with the relevant Collateral Documents,

(y) this subsection shall not require any such prepayment with respect to Net Cash Proceeds

received on account of Dispositions during any fiscal year of the Borrower not exceeding

$10,000,000 in the aggregate so long as no Default then exists, and (z) in the case of any

Disposition not covered by clause (y) above, so long as no Default then exists, if the Borrower

states in its notice of such event that the Borrower or the relevant Subsidiary intends to reinvest,

within 180 days of the applicable Disposition, the Net Cash Proceeds thereof in assets similar to

the assets which were subject to such Disposition, then the Borrower shall not be required to make

a mandatory prepayment under this subsection in respect of such Net Cash Proceeds to the extent

such Net Cash Proceeds are actually reinvested in such similar assets with such 180-day period. 

Promptly after the end of such 180-day period, the Borrower shall notify the Administrative Agent

whether the Borrower or such Subsidiary has reinvested such Net Cash Proceeds in such similar

assets, and, to the extent such Net Cash Proceeds have not been so reinvested, the Borrower shall

promptly prepay the Obligations in the amount of such Net Cash Proceeds not so reinvested. The

amount of each such prepayment shall be applied, subject to Section 2.8(b)(v) below, first to the

outstanding Incremental Term Loans, if any, on a ratable basis based on the outstanding principal

amounts thereof, and then to the Revolving Facility, but without a reduction of the Revolving

Credit Commitments. If the Administrative Agent or the Required Lenders so request, all proceeds

of such Disposition or Event of Loss shall be deposited with the Administrative Agent (or its agent)

and held by it in the Collateral Account. So long as no Default exists, the Administrative Agent

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is authorized to disburse amounts representing such proceeds from the Collateral Account to or at

the Borrower’s direction for application to or reimbursement for the costs of replacing, rebuilding

or restoring such Property.

 (iii) If after the Closing Date the Borrower or any Subsidiary shall issue new equity

securities (whether common or preferred stock or otherwise), other than Excluded Equity

Issuances, the Borrower shall promptly notify the Administrative Agent of the estimated Net Cash

Proceeds of such issuance to be received by or for the account of the Borrower or such Subsidiary

in respect thereof. Promptly upon receipt by the Borrower or such Subsidiary of Net Cash

Proceeds of such issuance, the Borrower shall prepay the Obligations in an aggregate amount equal

to 100% of the amount of such Net Cash Proceeds. The amount of each such prepayment shall be

applied, subject to Section 2.8(b)(v) below, first to the outstanding Incremental Term Loans, if

any, on a ratable basis based on the outstanding principal amounts thereof, and then to the

Revolving Facility, but without a reduction of the Revolving Credit Commitments. The Borrower

acknowledges that its performance hereunder shall not limit the rights and remedies of the Lenders

for any breach of Section 8.11 (Maintenance of Subsidiaries) or Section 9.1(i) (Change of Control)

or any other terms of the Loan Documents. 

 (iv) If after the Closing Date the Borrower or any Subsidiary shall issue any Indebtedness,

other than Indebtedness permitted by Section 8.7, the Borrower shall promptly notify the

Administrative Agent of the estimated Net Cash Proceeds of such issuance to be received by or

for the account of the Borrower or such Subsidiary in respect thereof. Promptly upon receipt by

the Borrower or such Subsidiary of Net Cash Proceeds of such issuance, the Borrower shall prepay

the Obligations in an aggregate amount equal to 100% of the amount of such Net Cash Proceeds. 

The amount of each such prepayment shall be applied, subject to Section 2.8(b)(v) below, first to

the outstanding Incremental Term Loans, if any, on a ratable basis based on the outstanding

principal amounts thereof, and then to the Revolving Facility, but without a reduction of the

Revolving Credit Commitments. The Borrower acknowledges that its performance hereunder

shall not limit the rights and remedies of the Lenders for any breach of Section 8.7 or any other

terms of the Loan Documents.

 (v) Unless the Borrower otherwise directs, prepayments of Loans under this

Section 2.8(b) shall be applied first to Borrowings of Base Rate Loans until payment in full thereof

with any balance applied to Borrowings of Eurodollar Loans in the order in which their Interest

Periods expire. Each prepayment of Loans under this Section 2.8(b) shall be made by the payment

of the principal amount to be prepaid and, in the case of any Incremental Term Loans, Eurodollar

Loans or Swingline Loans, accrued interest thereon to the date of prepayment together with any

amounts due the Lenders under Section 4.5. Each prefunding of L/C Obligations shall be made in

accordance with Section 9.4. 

 (c) Any amount of Swingline Loans and Revolving Loans paid or prepaid before the

Revolving Credit Termination Date may, subject to the terms and conditions of this Agreement,

be borrowed, repaid and borrowed again. No amount of the Incremental Term Loans, if any, paid

or prepaid may be reborrowed, and, in the case of any partial prepayment, such prepayment shall

be applied to the remaining payments on all Incremental Term Loans in inverse order of maturity.

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Section 2.9. Default Rate. 

Notwithstanding anything to the contrary contained herein,

while any Event of Default exists or after acceleration, the Borrower shall pay interest (after as

well as before entry of judgment thereon to the extent permitted by law) on the principal amount

of all Loans and Reimbursement Obligations, letter of credit fees and other amounts at a rate per

annum equal to:

 (a) for any Base Rate Loan or any Swingline Loan bearing interest based on

the Base Rate, the sum of 2.0%

plus

the Applicable Margin

plus

the Base Rate from time

to time in effect; 

 (b) for any Eurodollar Loan or any Swingline Loan bearing interest at the

Administrative Agent’s Quoted Rate, the sum of 2.0%

plus

the rate of interest in effect

thereon at the time of such Event of Default until the end of the Interest Period applicable

thereto and, thereafter, at a rate per annum equal to the sum of 2.0%

plus

the Applicable

Margin for Base Rate Loans

plus

the Base Rate from time to time in effect;

 (c) for any Reimbursement Obligation, the sum of 2.0%

plus

the amounts due

under Section 2.3 with respect to such Reimbursement Obligation; 

 (d) for any Letter of Credit, the sum of 2.0%

plus

the L/C Participation Fee due

under Section 3.1(b) with respect to such Letter of Credit; and

 (e) for any other amount owing hereunder not covered by clauses (a) through

(d) above, the sum of 2%

plus

 the Applicable Margin

plus

 the Base Rate from time to time

in effect;

provided, however,

that in the absence of acceleration pursuant to Section 9.2 or 9.3, any

adjustments pursuant to this Section shall be made at the election of the Administrative Agent,

acting at the request or with the consent of the Required Lenders, with written notice to the

Borrower (which election may be retroactively effective to the date of such Event of Default). 

While any Event of Default exists or after acceleration, interest shall be paid on demand of the

Administrative Agent at the request or with the consent of the Required Lenders. 

Section 2.10. Evidence of Indebtedness.

 (a) Each Lender shall maintain in accordance with

its usual practice an account or accounts evidencing the indebtedness of the Borrower to such

Lender resulting from each Loan made by such Lender from time to time, including the amounts

of principal and interest payable and paid to such Lender from time to time hereunder.

 (b) The Administrative Agent shall also maintain accounts in which it will record (i) the

amount of each Loan made hereunder, the type thereof and the Interest Period with respect thereto,

(ii) the amount of any principal or interest due and payable or to become due and payable from the

Borrower to each Lender hereunder and (iii) the amount of any sum received by the Administrative

Agent hereunder from the Borrower and each Lender’s share thereof.

 (c) The entries maintained in the accounts maintained pursuant to subsections (a) and (b)

above shall be

prima facie

 evidence of the existence and amounts of the Obligations therein

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recorded;

provided, however,

that the failure of the Administrative Agent or any Lender to

maintain such accounts or any error therein shall not in any manner affect the obligation of the

Borrower to repay the Obligations in accordance with their terms.

 (d) Any Lender may request that its Loans be evidenced by a promissory note or notes in

the forms of Exhibit D-1 (in the case of its Revolving Loans and referred to herein as a

“Revolving

Note”

), or D-2 (in the case of its Swingline Loans and referred to herein as a

“Swing Note”

), as

applicable (the Revolving Notes and Swing Note being hereinafter referred to collectively as the

“Notes”

 and individually as a

“Note”

). In such event, the Borrower shall prepare, execute and

deliver to such Lender a Note payable to such Lender or its registered assigns in the amount of the

relevant Commitment, or Swingline Sublimit, as applicable. Thereafter, the Loans evidenced by

such Note or Notes and interest thereon shall at all times (including after any assignment pursuant

to Section 13.2) be represented by one or more Notes payable to the order of the payee named

therein or any assignee pursuant to Section 13.2, except to the extent that any such Lender or

assignee subsequently returns any such Note for cancellation and requests that such Loans once

again be evidenced as described in subsections (a) and (b) above.

Section 2.11. Commitment Terminations .

 (a)

Optional Revolving Credit Terminations. 

The Borrower shall have the right at any

time and from time to time, upon five (5) Business Days prior written notice to the Administrative

Agent (or such shorter period of time agreed to by the Administrative Agent), to terminate the

Revolving Credit Commitments without premium or penalty and in whole or in part, any partial

termination to be (i) in an amount not less than $5,000,000 or any whole multiple thereof and

(ii) allocated ratably among the Lenders in proportion to their respective Revolver Percentages,

provided that the Revolving Credit Commitments may not be reduced to an amount less than the

sum of the aggregate principal amount of Swingline Loans, Revolving Loans, and L/C Obligations

then outstanding. Any termination of the Revolving Credit Commitments below the L/C Sublimit

or the Swingline Sublimit then in effect shall reduce the L/C Sublimit and Swingline Sublimit, as

applicable, by a like amount. The Administrative Agent shall give prompt notice to each Lender

of any such termination of the Revolving Credit Commitments.

 (b) Any termination of the Revolving Credit Commitments pursuant to this Section may

not be reinstated.

Section 2.12. Replacement of Lenders

. If any Lender requests compensation under

Section 4.4, or if the Borrower is required to pay any Indemnified Taxes or additional amounts to

any Lender or any Governmental Authority for the account of any Lender pursuant to Section 4.1

and, in each case, such Lender has declined or is unable to designate a different lending office in

accordance with Section 4.7, or if any Lender is a Defaulting Lender or a Non-Consenting Lender,

then the Borrower may, at its 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 13.2), all of its

interests, rights (other than its existing rights to payments pursuant to Section 4.1 or Section 4.4)

and obligations under this Agreement and the related Loan Documents to an Eligible Assignee that

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shall assume such obligations (which assignee may be another Lender, if a Lender accepts such

assignment);

provided

that:

 (i) the Borrower shall have paid to the Administrative Agent the assignment

fee (if any) specified in Section 13.2;

 (ii) such Lender shall have received payment of an amount equal to the

outstanding principal of its Loans and funded participations in L/C Obligations, accrued

interest thereon, accrued fees and all other amounts payable to it hereunder and under the

other Loan Documents (including any amounts under Section

4.5 as if the Loans owing to

it were prepaid rather than assigned) from the assignee (to the extent of such outstanding

principal and accrued interest and fees) or the Borrower (in the case of all other amounts);

 (iii) in the case of any such assignment resulting from a claim for compensation

under Section 4.4 or payments required to be made pursuant to Section 4.1, such

assignment will result in a reduction in such compensation or payments thereafter;

 (iv) such assignment does not conflict with applicable law; and

 (v) in the case of any 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 Borrower to

require such assignment and delegation cease to apply.

Section 2.13. Defaulting Lenders.

 (a)

Defaulting Lender Adjustments.

 Notwithstanding anything to the contrary contained

in this Agreement, if any Lender becomes a Defaulting Lender, then, until such time as such

Lender is no longer a Defaulting Lender, to the extent permitted by applicable law:

 (i)

Waivers and Amendments

. Such Defaulting Lender’s right to approve or

disapprove any amendment, waiver or consent with respect to this Agreement shall be

restricted as set forth in the definition of Required Lenders. 

 (ii)

Defaulting Lender Waterfall

. Any payment of principal, interest, fees or

other amounts received by the Administrative Agent for the account of such Defaulting

Lender (whether voluntary or mandatory, at maturity, pursuant to Section 9 or otherwise)

or received by the Administrative Agent from a Defaulting Lender pursuant to Section 13.7

hereto shall be applied at such time or times as may be determined by the Administrative

Agent as follows:

first

, to the payment of any amounts owing by such Defaulting Lender

to the Administrative Agent hereunder;

second

, to the payment on a pro rata basis of any

amounts owing by such Defaulting Lender to any L/C Issuer or the Swingline Lender

hereunder;

third

, to Cash Collateralize the L/C Issuer’s Fronting Exposure with respect to

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such Defaulting Lender in accordance with Section 2.14;

fourth

, as the Borrower may

request (so long as no Default exists), to the funding of any Loan in respect of which such

Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as

determined by the Administrative Agent;

fifth

, if so determined by the Administrative

Agent and the Borrower, to be held in a deposit account and released pro rata in order to

(x) satisfy such Defaulting Lender’s potential future funding obligations with respect to

Loans under this Agreement and (y) Cash Collateralize the L/C Issuer’s future Fronting

Exposure with respect to such Defaulting Lender with respect to future Letters of Credit

issued under this Agreement, in accordance with Section 2.14;

sixth

, to the payment of any

amounts owing to the Lenders, the L/C Issuer or the Swingline Lender as a result of any

judgment of a court of competent jurisdiction obtained by any Lender, the L/C Issuer or

the Swingline Lender against such Defaulting Lender as a result of such Defaulting

Lender’s breach of its obligations under this Agreement;

seventh

, so long as no Default

exists, to the payment of any amounts owing to the Borrower as a result of any judgment

of a court of competent jurisdiction obtained by the Borrower against such Defaulting

Lender as a result of such Defaulting Lender’s breach of its obligations under this

Agreement; and

eighth

, to such Defaulting Lender or as otherwise directed by a court of

competent jurisdiction;

provided

 that if (x) such payment is a payment of the principal

amount of any Loans or L/C Obligations in respect of which such Defaulting Lender has

not fully funded its appropriate share, and (y) such Loans were made or the related Letters

of Credit were issued at a time when the conditions set forth in Section 7.1 were satisfied

or waived, such payment shall be applied solely to pay the Loans of, and L/C Obligations

owed to, all Non-Defaulting Lenders on a pro rata basis prior to being applied to the

payment of any Loans of, or L/C Obligations owed to, such Defaulting Lender until such

time as all Loans and funded and unfunded participations in L/C Obligations and Swingline

Loans are held by the Lenders pro rata in accordance with their Percentages of the relevant

Commitments without giving effect to Section 2.13(a)(iv) below. Any payments,

prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or

held) to pay amounts owed by a Defaulting Lender or to post Cash Collateral pursuant to

this Section 2.13(a)(ii) shall be deemed paid to and redirected by such Defaulting Lender,

and each Lender irrevocably consents hereto.

 (iii)

Certain Fees

. 

 (A) No Defaulting Lender shall be entitled to receive any commitment

fee for any period during which that Lender is a Defaulting Lender (and the

Borrower shall not be required to pay any such fee that otherwise would have been

required to have been paid to that Defaulting Lender). 

 (B) Each Defaulting Lender shall be entitled to receive L/C Participation

Fees for any period during which that Lender is a Defaulting Lender only to the

extent allocable to its Percentage of the stated amount of Letters of Credit for which

it has provided Cash Collateral pursuant to Section 2.14.

 (C) With respect to any L/C Participation Fee not required to be paid to

any Defaulting Lender pursuant to clause (B) above, the Borrower shall (x) pay to

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each Non-Defaulting Lender that portion of any such fee otherwise payable to such

Defaulting Lender with respect to such Defaulting Lender’s participation in

L/C Obligations or Swingline Loans that has been reallocated to such

Non-Defaulting Lender pursuant to clause (iv) below, (y) pay to each L/C Issuer

and Swingline Lender, as applicable, the amount of any such fee otherwise payable

to such Defaulting Lender to the extent allocable to such L/C Issuer’s or Swingline

Lender’s Fronting Exposure to such Defaulting Lender, and (z) not be required to

pay the remaining amount of any such fee.

 (iv)

Reallocation of Participations to Reduce Fronting Exposure

. All or any

part of such Defaulting Lender’s participation in L/C Obligations and Swingline Loans

shall be reallocated among the Non-Defaulting Lenders in accordance with their respective

Percentages of the relevant Commitments (calculated without regard to such Defaulting

Lender’s Commitments) but only to the extent that (x) the conditions set forth in

Section 7.1 are satisfied at the time of such reallocation (and, unless the Borrower shall

have otherwise notified the Administrative Agent at such time, the Borrower shall be

deemed to have represented and warranted that such conditions are satisfied at such time),

and (y) such reallocation does not cause the aggregate Revolving Loans and interests in

L/C Obligations and Swingline Loans of any Non-Defaulting Lender to exceed such

Non-Defaulting Lender’s Revolving Credit Commitment. Subject to Section 13.21, no

reallocation hereunder shall constitute a waiver or release of any claim of any party

hereunder against a Defaulting Lender arising from that Lender having become a

Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such

Non-Defaulting Lender’s increased exposure following such reallocation.

 (v)

Cash Collateral; Repayment of Swingline Loans

. If the reallocation

described in clause (iv) above cannot, or can only partially, be effected, the Borrower shall,

without prejudice to any right or remedy available to them hereunder or under law, (x) first,

prepay Swingline Loans in an amount equal to the Swing Lender’s Fronting Exposure and

(y) second, Cash Collateralize the L/C Issuer’s Fronting Exposure in accordance with the

procedures set forth in Section 2.14.

 (b)

Defaulting Lender Cure

. If the Borrower, the Administrative Agent, the Swingline

Lender and each L/C Issuer agree in writing that a Lender is no longer a Defaulting Lender, the

Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified

in such notice and subject to any conditions set forth therein (which may include arrangements

with respect to any Cash Collateral), that Lender will, to the extent applicable, purchase at par that

portion of outstanding Loans of the other Lenders or take such other actions as the Administrative

Agent may determine to be necessary to cause the Loans and funded and unfunded participations

in Letters of Credit and Swingline Loans to be held pro rata by the Lenders in accordance with

their respective Percentages of the relevant Commitments (without giving effect to

Section 2.13(a)(iv)), whereupon such Lender will cease to be a Defaulting Lender;

provided

 that

no adjustments will be made retroactively with respect to fees accrued or payments made by or on

behalf of the Borrower while that Lender was a Defaulting Lender; and

provided

,

further

, that

except to the extent otherwise expressly agreed by the affected parties, no change hereunder from

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Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder

arising from that Lender’s having been a Defaulting Lender.

 (c)

New Swingline Loans/Letters of Credit

. So long as any Lender is a Defaulting

Lender, (i) the Swingline Lender shall not be required to fund any Swingline Loans unless it is

satisfied that it will have no Fronting Exposure after giving effect to such Swingline Loan and

(ii) no L/C Issuer shall be required to issue, extend, renew or increase any Letter of Credit unless

it is satisfied that it will have no Fronting Exposure after giving effect thereto.

Section 2.14. Cash Collateral for Fronting Exposure. 

At any time that there shall exist a

Defaulting Lender, within one (1) Business Day following the written request of the

Administrative Agent or any L/C Issuer (with a copy to the Administrative Agent) the Borrower

shall Cash Collateralize the L/C Issuers’ Fronting Exposure with respect to such Defaulting Lender

(determined after giving effect to Section 2.13(a)(iv) and any Cash Collateral provided by such

Defaulting Lender) in an amount not less than the Minimum Collateral Amount.

 (a)

Grant of Security Interest

. The Borrower, and to the extent provided by any

Defaulting Lender, such Defaulting Lender, hereby grants to the Administrative Agent, for the

benefit of the L/C Issuers, and agree to maintain, a first priority security interest in all such Cash

Collateral as security for such Defaulting Lender’s obligation to fund participations in respect of

L/C Obligations, to be applied pursuant to clause (b) below. If at any time the Administrative

Agent determines that Cash Collateral is subject to any right or claim of any Person other than the

Administrative Agent and the L/C Issuers as herein provided, or that the total amount of such Cash

Collateral is less than the Minimum Collateral Amount, the Borrower shall, promptly upon demand

by the Administrative Agent, pay or provide to the Administrative Agent additional Cash

Collateral in an amount sufficient to eliminate such deficiency (after giving effect to any Cash

Collateral provided by the Defaulting Lender).

 (b)

Application

. Notwithstanding anything to the contrary contained in this Agreement,

Cash Collateral provided under this Section 2.14 or Section 2.13 in respect of Letters of Credit

shall be applied to the satisfaction of the Defaulting Lender’s obligation to fund participations in

respect of L/C Obligations (including, as to Cash Collateral provided by a Defaulting Lender, any

interest accrued on such obligation) for which the Cash Collateral was so provided, prior to any

other application of such property as may otherwise be provided for herein.

 (c)

Termination of Requirement

. Cash Collateral (or the appropriate portion thereof)

provided to reduce any L/C Issuer’s Fronting Exposure shall no longer be required to be held as

Cash Collateral pursuant to this Section 2.14(c) following (A) the elimination of the applicable

Fronting Exposure (including by the termination of Defaulting Lender status of the applicable

Lender), or (B) the determination by the Administrative Agent and each L/C Issuer that there exists

excess Cash Collateral;

provided

 that, subject to Section 2.14, the Person providing Cash

Collateral and each L/C Issuer may agree that Cash Collateral shall be held to support future

anticipated Fronting Exposure or other obligations; and

provided further

that to the extent that

such Cash Collateral was provided by the Borrower or any other Loan Party, such Cash Collateral

shall remain subject to the security interest granted pursuant to the Loan Documents.

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Section 2.15. Increase in Revolving Credit Commitments; Making of Incremental Term

Loans. 

The Borrower may, on any Business Day prior to the Revolving Credit Termination Date,

with the written consent of the Administrative Agent, the L/C Issuer, and the Swingline Lender,

increase the aggregate amount of the Revolving Credit Commitments and/or borrow one or more

term loans (collectively, the “

Incremental Term Loans

”), in each case, by delivering an Increase

Request substantially in the form attached hereto as Exhibit I (or in such other form acceptable to

the Administrative Agent) to the Administrative Agent at least five (5) Business Days prior to the

desired effective date of such increase (the

“Increase”

) identifying an additional Lender, which

qualifies as an Eligible Assignee (or additional Revolving Credit Commitments or a commitment

to make Incremental Term Loans for an existing Lender) and the amount of its Revolving Credit

Commitment or Incremental Term Loan (or, for an existing Lender, the amount of additional

Revolving Credit Commitments or the amount of a commitment to make Incremental Term

Loans);

provided, however

, that:

 (a) the aggregate amount of all such Increases shall not exceed $200,000,000

and any such Increase shall be in an amount not less than $10,000,000 (or such lesser

amount then agreed to by the Administrative Agent);

 (b) no Default shall have occurred and be continuing at the time of the request

or the effective date of the Increase and after giving pro forma effect to the use of proceeds

thereof; and

 (c) each of the representations and warranties set forth in Section 6 and in the

other Loan Documents shall be and remain true and correct in all material respects on the

effective date of such Increase (where not already qualified by materiality, otherwise in all

respects), except to the extent the same expressly relate to an earlier date, in which case

they shall be true and correct in all material respects (where not already qualified by

materiality, otherwise in all respects)

as of such earlier date.

The effective date (the

“Increase Date”

) of the Increase shall be agreed upon by the Borrowers,

the Administrative Agent and the Lender(s) providing such Increase. Upon the Increase Date,

Schedule 2.1/2.2 shall be deemed amended to reflect the Increase. With respect to an Increase in

the Revolving Credit Commitments as described above, on the Increase Date, the new Revolving

Lender(s) (or, if applicable, existing Lender(s)) shall advance Revolving Loans, as applicable, in

an amount sufficient such that after giving effect to such advance(s) or loan(s) and the prepayment

of Revolving Loans by any Lender(s) whose commitment is not increased, each Lender shall have

outstanding its Revolver Percentage of Revolving Loans. It shall be a condition to such

effectiveness that (A) if any Eurodollar Loans are outstanding on the date of such effectiveness,

such Eurodollar Loans shall be deemed to be prepaid on such date and the Borrower shall pay any

amounts owing to the Lenders pursuant to Section 4.5 and (B) the Borrower shall not have

terminated any portion of the Revolving Credit Commitments pursuant to Section 2.11. The

Borrower agrees to pay the expenses of the Administrative Agent (including reasonable attorney’s

fees) relating to any Increase. Notwithstanding anything herein to the contrary, no Lender shall

have any obligation to increase its Revolving Credit Commitment or to make any Incremental

Term Loan and no Lender’s Revolving Credit Commitment shall be increased without its consent

-46-

thereto, and each Lender may at its option, unconditionally and without cause, decline to provide

any Increase.

Each Revolving Credit Increase shall be on the same terms (including pricing and maturity, but

excluding customary arrangement, commitment, structuring and underwriting fees, and

amendment fees not generally shared with other Lenders with respect to such Revolving Credit

Increase) as the Revolving Credit Commitments outstanding prior to the Increase Date. Each

Incremental Term Loan shall be on terms and conditions specified in an Incremental Amendment.

Commitments in respect of Incremental Term Loans and increases in the Revolving Credit

Commitment shall become commitments (or in the case of an increase in the Revolving Credit

Commitment to be provided by an existing Lender, an increase in such Lender’s applicable

Revolving Credit Commitment) under this Agreement pursuant to an amendment (an

“Incremental

Amendment”

) to this Agreement and, as appropriate, the other Loan Documents, executed by the

Borrowers, each existing Lender agreeing to provide such Increase, if any, each additional Lender,

if any, and the Administrative Agent. The Incremental Amendment may, without the consent of

any other Lenders, effect such amendments to this Agreement and the other Loan Documents as

may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and the

Borrowers, to effect the provisions of this Section 2.15.

 Section 2.16. Extension Option. 

(a) The Borrower may, by written notice to the

Administrative Agent from time to time, request an extension (each, an “

Extension

”) of the

Revolving Credit Termination Date and/or, if applicable, any maturity date applicable to any

Incremental Term Loan to the extended maturity date specified in such request. Such notice shall

set forth (i) the amount of the Revolving Credit Commitments and/or Incremental Term Loans to

be extended (which shall be in minimum increments of $5,000,000 and a minimum of

$10,000,000) and (ii) the date on which such Extension is requested to become effective (which

date shall not be less than ten (10) Business Days nor more than sixty (60) days after after the date

of such requested Extension (or such longer or shorter periods as the Administrative Agent shall

agree). Each Lender shall be offered (an “

Extension Offer

”) an opportunity to participate in such

Extension on a pro rata basis and on the same terms and conditions as each other Lender pursuant

to procedures established by, or reasonably acceptable to, the Administrative Agent. Any Lender

approached to participate in such Extension may elect or decline, in its sole discretion, to

participate in such Extension (it being understood that if a Lender shall fail to respond to any

request for participation in an Extension within five (5) Business Days of receipt of the Extension

Offer, such Lender shall be deemed to have declined to participate in such Extension). If the

aggregate principal amount of Revolving Credit Commitments or Incremental Term Loans,

(calculated on the face amount thereof), as applicable, in respect of which Lenders shall have

accepted the relevant Extension Offer shall exceed the maximum aggregate principal amount of

the Revolving Credit Commitment or Incremental Term Loan, as applicable, requested to be

extended by the Borrower pursuant to the Extension Offer, then the Revolving Credit

Commitments or Incremental Term Loans, as applicable of the Lenders shall be extended ratably

up to such maximum amount based on the respective principal amounts (but not to exceed actual

holdings of record) with respect to which such Lenders have accepted such Extension Offer.

-47-

 (b) It shall be a condition precedent to the effectiveness of any Extension that: (i) no

Default shall have occurred and be continuing immediately prior to and immediately after giving

effect to such Extension, (ii) the representations and warranties of the Borrower and each other

Loan Party contained in Section 6 or any other Loan Document, or which are contained in any

document furnished at any time under or in connection herewith or therewith, shall be true and

correct in all material respects (and in all respects if any such representation or warranty is already

qualified by materiality or reference to Material Adverse Effect) on and as of the date of such

Extension, except to the extent that such representations and warranties specifically refer to an

earlier date, in which case, they shall be true and correct in all material respects (and in all respects

if any such representation or warranty is already qualified by materiality or reference to Material

Adverse Effect) as of such earlier date, (iii) the L/C Issuer and the Swingline Lender shall have

consented to any Extension of the Revolving Credit Commitments if such Extension provides for

the issuance of Letters of Credit or the making of Swingline Loans at any time during the extended

period, and (iv) the terms of such Extension shall comply with Section 2.16(c).

 (c) The terms of each Extension shall be determined by the Borrower and the applicable

extending Lenders and be set forth in an Additional Credit Extension Amendment, provided, that

(i) the final maturity date of any Extended Revolving Credit Commitment or Extended Incremental

Term Loan shall be no earlier than the Revolving Credit Termination Date or the maturity date

applicable to the existing Incremental Term Loans, (ii)(A) there shall be no scheduled amortization

of the Extended Revolving Credit Commitments and (B) the scheduled amortization of the

Extended Incremental Term Loans shall be as agreed among the Borrower and the Lenders

providing such Extended Incremental Term Loans, (iii)(A) the Extended Revolving Loans and the

Extended Incremental Term Loans will rank pari passu in right of payment with the Revolving

Loans and the Incremental Term Loans being extended, and (B) the borrower and the guarantors

of the Extended Revolving Credit Commitments or the Extended Incremental Term Loans, as

applicable, shall be the Borrower and the Guarantors, (iv) the interest rate margins and fees

applicable to any Extended Revolving Credit Commitments (and the Extended Revolving Loans

thereunder) and Extended Incremental Loans shall be determined by the Borrower and the

applicable extending Lenders, and (v) to the extent the terms of the Extended Revolving Credit

Commitments or Extended Incremental Term Loans are inconsistent with the terms set forth herein

(except as set forth in clauses (i) through (iv) above), such terms shall be reasonably satisfactory

to the Administrative Agent.

 (d) In connection with any Extension, the Borrower, the Administrative Agent and each

applicable extending Lender shall execute and deliver to the Administrative Agent an Additional

Credit Extension Amendment and such other documentation as the Administrative Agent shall

reasonably specify to evidence the Extension. The Administrative Agent shall promptly notify

each Lender as to the effectiveness of each Extension. Notwithstanding anything herein to the

contrary, any Additional Credit Extension Amendment may, without the consent of any other

Lender, effect such amendment to this Agreement and the other Loan Documents as may be

necessary or appropriate (but only to such extent), in the reasonable opinion of the Administrative

Agent and the Borrower, to implement the terms of any such Extension Offer, including any

amendments necessary to establish Extended Revolving Credit Commitments or Extended

Incremental Term Loans as a new tranche of Revolving Credit Commitments or Incremental Term

Loan, as applicable, and such other technical amendments as may be necessary or appropriate in

-48-

the reasonable opinion of the Administrative Agent and the Borrower in connection with the

establishment of such new tranche (including to preserve the pro rata treatment of the extended

and non-extended tranches and to provide for the reallocation of any L/C Obligations or

obligations under Swingline Loans upon the expiration or termination of the commitments under

any tranche), in each case on terms consistent with this Section 2.16.

 (e) This Section 2.16 shall supersede any provisions of Section 13.3 to the contrary.

S

ECTION

 3. F

EES

.

Section 3.1. Fees.

 (a)

Revolving Credit Commitment Fee

. The Borrower shall pay to the Administrative

Agent for the ratable account of the Lenders in accordance with their Revolver Percentages a

commitment fee at the rate per annum equal to the Applicable Margin (computed on the basis of a

year of 360 days and the actual number of days elapsed) times the daily amount by which the

aggregate Revolving Credit Commitments exceeds the principal amount of Revolving Loans and

L/C Obligations then outstanding. For the avoidance of doubt, the principal amount of Swingline

Loans shall not be counted towards or considered usage of the Revolving Credit Commitments for

purposes of this Section. Such commitment fee shall be payable quarterly in arrears on the last

day of each March, June, September, and December in each year (commencing on the first such

date occurring after the Closing Date) and on the Revolving Credit Termination Date, unless the

Revolving Credit Commitments are terminated in whole on an earlier date, in which event the

commitment fee for the period to the date of such termination in whole shall be paid on the date

of such termination.

 (b)

Letter of Credit Fees.

 On the date of issuance or extension, or increase in the amount,

of any Letter of Credit pursuant to Section 1.3, the Borrower shall pay to the L/C Issuer for its own

account a fronting fee equal to 0.125% of the face amount of (or of the increase in the face amount

of) such Letter of Credit. Quarterly in arrears, on the last day of each March, June, September,

and December, commencing on the first such date occurring after the Closing Date, the Borrower

shall pay to the Administrative Agent, for the ratable benefit of the Lenders in accordance with

their Revolver Percentages, a letter of credit fee (the

“L/C Participation Fee”

) at a rate per annum

equal to the Applicable Margin (computed on the basis of a year of 360 days and the actual number

of days elapsed) in effect during each day of such quarter applied to the daily average face amount

of Letters of Credit outstanding during such quarter. In addition, the Borrower shall pay to the

L/C Issuer for its own account the L/C Issuer’s standard issuance, drawing, negotiation,

amendment, assignment, and other administrative fees for each Letter of Credit as established by

the L/C Issuer from time to time. 

 (c)

Administrative Agent Fees

. The Borrower shall pay to the Administrative Agent, for

its own use and benefit, the fees agreed to between the Administrative Agent and the Borrower in

a letter dated as of the date hereof, or as otherwise agreed to in writing between them.

-49-

S

ECTION

 4. T

AXES

;

C

HANGE IN

C

IRCUMSTANCES

,

I

NCREASED

C

OSTS

,

 AND

F

UNDING

I

NDEMNITY

 Section 4.1. Taxes .

 (a)

Certain Defined Terms. 

For purposes of this Section, the term “Lender” includes any

L/C Issuer and the term “applicable law” includes FATCA.

 (b)

Payments Free of Taxes. 

Any and all payments by or on account of any obligation

of any Loan Party under any Loan Document shall be made without deduction or withholding for

any Taxes, except as required by applicable law. If any applicable law (as determined in the good

faith discretion of an applicable Withholding Agent) requires the deduction or withholding of any

Tax from any such payment by a Withholding Agent, then the applicable Withholding Agent shall

be entitled to make such deduction or withholding and shall timely pay the full amount deducted

or withheld to the relevant Governmental Authority in accordance with applicable law and, if such

Tax is an Indemnified Tax, then the sum payable by the applicable Loan Party shall be increased

as necessary so that after such deduction or withholding has been made (including such deductions

and withholdings applicable to additional sums payable under this Section) the applicable

Recipient receives an amount equal to the sum it would have received had no such deduction or

withholding been made.

 (c)

Payment of Other Taxes by the Loan Parties. 

The Loan Parties shall timely pay to

the relevant Governmental Authority in accordance with applicable law, or at the option of the

Administrative Agent timely reimburse it for the payment of, any Other Taxes.

 (d)

Indemnification by the Loan Parties. 

The Loan Parties shall jointly and severally

indemnify each Recipient, within thirty (30) days after demand therefor, for the full amount of any

Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts

payable under this Section) payable or paid by such Recipient or required to be withheld or

deducted from a payment to such Recipient and any reasonable expenses arising therefrom or with

respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or

asserted by the relevant Governmental Authority. A certificate as to the amount of such payment

or liability delivered to the Borrower by a Lender (with a copy to the Administrative Agent), or by

the Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent

manifest error.

 (e)

Indemnification by the Lenders. 

Each Lender shall severally indemnify the

Administrative Agent, within ten (10) days after demand therefor, for (i) any Indemnified Taxes

or Other Taxes attributable to such Lender (but only to the extent that any Loan Party has not

already indemnified the Administrative Agent for such Indemnified Taxes or Other Taxes and

without limiting the obligation of the Loan Parties to do so), (ii) any Taxes attributable to such

Lender’s failure to comply with the provisions of Section 13.2(d) relating to the maintenance of a

Participant Register and (iii) any Excluded Taxes attributable to such Lender, in each case, that are

payable or paid by the Administrative Agent in connection with any Loan Document, and any

reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were

correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as

-50-

to the amount of such payment or liability delivered to any Lender by the Administrative Agent

shall be conclusive absent manifest error. Each Lender hereby authorizes the Administrative

Agent to set off and apply any and all amounts at any time owing to such Lender under any Loan

Document or otherwise payable by the Administrative Agent to the Lender from any other source

against any amount due to the Administrative Agent under this subsection (e).

 (f)

Evidence of Payments.

As soon as practicable after any payment of Taxes by any

Loan Party to a Governmental Authority pursuant to this Section, such Loan Party shall deliver to

the Administrative Agent the original or a certified copy of a receipt issued by such Governmental

Authority evidencing such payment, a copy of the return reporting such payment or other evidence

of such payment reasonably satisfactory to the Administrative Agent.

 (g)

Status of Lenders. 

(i) Any Lender that is entitled to an exemption from or reduction

of withholding Tax with respect to payments made under any Loan Document shall deliver to the

Borrower and the Administrative Agent, at the time or times reasonably requested by the Borrower

or the Administrative Agent, such properly completed and executed documentation reasonably

requested by the Borrower or the Administrative Agent as will permit such payments to be made

without withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably

requested by the Borrower or the Administrative Agent, shall deliver such other documentation

prescribed by applicable law or reasonably requested by the Borrower or the Administrative Agent

as will enable the Borrower or the Administrative Agent to determine whether or not such Lender

is subject to backup withholding or information reporting requirements. Notwithstanding anything

to the contrary in the preceding two sentences, the completion, execution and submission of such

documentation (other than such documentation set forth in Section 4.1(g)(ii)(A), (ii)(B) and (ii)(D)

below) shall not be required if in the Lender’s reasonable judgment such completion, execution or

submission would subject such Lender to any material unreimbursed cost or expense or would

materially prejudice the legal or commercial position of such Lender.

 (ii) Without limiting the generality of the foregoing, 

 (A) any Lender that is a U.S. Person shall deliver to the Borrower and the

Administrative Agent on or prior to the date on which such Lender becomes a Lender under

this Agreement (and from time to time thereafter upon the reasonable request of the

Borrower or the Administrative Agent), executed originals of IRS Form W-9 certifying

that such Lender is exempt from U.S. federal backup withholding tax;

 (B) any Foreign Lender shall, to the extent it is legally entitled to do so, deliver

to the Borrower and the Administrative Agent (in such number of copies as shall be

requested by the recipient) on or prior to the date on which such Foreign Lender becomes

a Lender under this Agreement (and from time to time thereafter upon the reasonable

request of the Borrower or the Administrative Agent), whichever of the following is

applicable:

 (i) in the case of a Foreign Lender claiming the benefits of an income

tax treaty to which the United States is a party (x) with respect to payments of

interest under any Loan Document, executed originals of IRS Form W-8BEN

-51-

establishing an exemption from, or reduction of, U.S. federal withholding Tax

pursuant to the “interest” article of such tax treaty and (y) with respect to any other

applicable payments under any Loan Document, IRS Form W-8BEN establishing

an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the

“business profits” or “other income” article of such tax treaty;

 (ii) executed originals of IRS Form W-8ECI;

 (iii) in the case of a Foreign Lender claiming the benefits of the

exemption for portfolio interest under Section 881(c) of the Code, (x) a certificate

substantially in the form of Exhibit H-1 to the effect that such Foreign Lender is

not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10 percent

shareholder” of the Borrower within the meaning of Section 881(c)(3)(B) of the

Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of

the Code (a

“U.S. Tax Compliance Certificate”

) and (y) executed originals of IRS

Form W-8BEN; or

 (iv) to the extent a Foreign Lender is not the beneficial owner, executed

originals of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS

Form W-8BEN, a U.S. Tax Compliance Certificate substantially in the form of

Exhibit H-2 or Exhibit H-3, IRS Form W-9, and/or other certification documents

from each beneficial owner, as applicable;

provided

that if the Foreign Lender is a

partnership and one or more direct or indirect partners of such Foreign Lender are

claiming the portfolio interest exemption, such Foreign Lender may provide a

U.S. Tax Compliance Certificate substantially in the form of Exhibit H-4 on behalf

of each such direct and indirect partner;

 (C) any Foreign Lender shall, to the extent it is legally entitled to do so, deliver

to the Borrower and the Administrative Agent (in such number of copies as shall be

requested by the recipient) on or prior to the date on which such Foreign Lender becomes

a Lender under this Agreement (and from time to time thereafter upon the reasonable

request of the Borrower or the Administrative Agent), executed originals of any other form

prescribed by applicable law as a basis for claiming exemption from or a reduction in U.S.

federal withholding Tax, duly completed, together with such supplementary

documentation as may be prescribed by applicable law to permit the Borrower or the

Administrative Agent to determine the withholding or deduction required to be made; and

 (D) if a payment made to a Lender under any Loan Document would be subject

to U.S. federal withholding Tax imposed by FATCA if such Lender were to fail to comply

with the applicable reporting requirements of FATCA (including those contained in

Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the

Borrower and the Administrative Agent at the time or times prescribed by law and at such

time or times reasonably requested by the Borrower or the Administrative Agent such

documentation prescribed by applicable law (including as prescribed by

Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably

requested by the Borrower or the Administrative Agent as may be necessary for the

-52-

Borrower and the Administrative Agent to comply with their obligations under FATCA

and to determine that such Lender has complied with such Lender’s obligations under

FATCA or to determine the amount to deduct and withhold from such payment. Solely for

purposes of this clause (D),

“FATCA”

shall include any amendments made to FATCA

after the date of this Agreement.

Each Lender agrees that if any form or certification it previously delivered expires or

becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly

notify the Borrower and the Administrative Agent in writing of its legal inability to do so.

 (h)

Treatment of Certain Refunds. 

If any party receives a refund of any Taxes as to which

it has been indemnified pursuant to this Section (including by the payment of additional amounts

pursuant to this Section), it shall pay to the indemnifying party an amount equal to such refund

(but only to the extent of indemnity payments made under this Section with respect to the Taxes

giving rise to such refund), net of all out-of-pocket expenses (including Taxes) of such indemnified

party and without interest (other than any interest paid by the relevant Governmental Authority

with respect to such refund). Such indemnifying party, upon the request of such indemnified party,

shall repay to such indemnified party the amount paid over pursuant to this subsection (h) (plus

any penalties, interest or other charges imposed by the relevant Governmental Authority) in the

event that such indemnified party is required to repay such refund to such Governmental Authority. 

Notwithstanding anything to the contrary in this subsection (h), in no event will the indemnified

party be required to pay any amount to an indemnifying party pursuant to this subsection (h) the

payment of which would place the indemnified party in a less favorable net after-Tax position than

the indemnified party would have been in if the Tax subject to indemnification had not been

deducted, withheld or otherwise imposed and the indemnification payments or additional amounts

giving rise to such refund had never been paid. This subsection shall not be construed to require

any indemnified party to make available its Tax returns (or any other information relating to its

Taxes that it deems confidential) to the indemnifying party or any other Person.

 (i)

Survival. 

Each party’s obligations under this Section

shall survive the resignation or

replacement of the Administrative Agent or any assignment of rights by, or the replacement of, a

Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all

obligations under any Loan Document.

Section 4.2. Change of Law.

 Notwithstanding any other provisions of this Agreement or

any other Loan Document, if at any time any Change in Law makes it unlawful for any Lender to

make or continue to maintain any Eurodollar Loans or to perform its obligations as contemplated

hereby, such Lender shall promptly give notice thereof to the Borrower and such Lender’s

obligations to make or maintain Eurodollar Loans under this Agreement shall be suspended until

it is no longer unlawful for such Lender to make or maintain Eurodollar Loans. The Borrower

shall prepay on demand the outstanding principal amount of any such affected Eurodollar Loans,

together with all interest accrued thereon and all other amounts then due and payable to such

Lender under this Agreement;

provided, however,

 subject to all of the terms and conditions of this

Agreement, the Borrower may then elect to borrow the principal amount of the affected Eurodollar

Loans from such Lender by means of Base Rate Loans from such Lender, which Base Rate Loans

shall not be made ratably by the Lenders but only from such affected Lender.

-53-

Section 4.3. Unavailability of Deposits or Inability to Ascertain, or Inadequacy of,

LIBOR

. (a)

Reserved

.

 (b)

Replacing USD LIBOR. 

On March 5, 2021 the Financial Conduct Authority

(

“FCA”

), the regulatory supervisor of USD LIBOR’s administrator (

“IBA”

), announced in a

public statement the future cessation or loss of representativeness of overnight/Spot Next, 1-

month, 3-month, 6-month and 12- month USD LIBOR tenor settings. On the earlier of (i) the date

that all Available Tenors of USD LIBOR have either permanently or indefinitely ceased to be

provided by IBA or have been announced by the FCA pursuant to public statement or publication

of information to be no longer representative and (ii) the Benchmark Replacement Date relating

to an Early Opt-in Election, if the then-current Benchmark is USD LIBOR, the Benchmark

Replacement will replace such Benchmark for all purposes hereunder and under any Loan

Document in respect of any setting of such Benchmark on such day and all subsequent settings

without any amendment to, or further action or consent of any other party to this Agreement or

any other Loan Document. If the Benchmark Replacement is Daily Simple SOFR, all interest

payments will be payable on a quarterly basis.

(c) Effect of Benchmark Transition Event. 

(i) Notwithstanding anything to the contrary

herein or in any other Loan Document, if a Benchmark Transition Event or an Early Opt

-

in

Election, as applicable, and its related Benchmark Replacement Date have occurred prior to the

Reference Time in respect of any setting of the then

-

current Benchmark, then (x) if a Benchmark

Replacement is determined in accordance with clause (1) or (2) of the definition of “Benchmark

Replacement” for such Benchmark Replacement Date, such Benchmark Replacement will replace

such Benchmark for all purposes hereunder and under any Loan Document in respect of such

Benchmark setting and subsequent Benchmark settings without any amendment to, or further

action or consent of any other party to, this Agreement or any other Loan Document and (y) if a

Benchmark Replacement is determined in accordance with clause (3) of the definition of

“Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark

Replacement will replace such Benchmark for all purposes hereunder and under any Loan

Document in respect of any Benchmark setting at or after 5:00 p.m. (Chicago time) on the 5th

Business Day after the date notice of such Benchmark Replacement is provided to the Lenders

without any amendment to, or further action or consent of any other party to, this Agreement or

any other Loan Document so long as the Administrative Agent has not received, by such time,

written notice of objection to such Benchmark Replacement from Lenders comprising the

Required Lenders.

 (ii) Notwithstanding anything to the contrary herein or in any other Loan

Document and subject to the proviso below in this paragraph, if a Term SOFR Event and

its related Benchmark Replacement Date have occurred prior to the Reference Time in

respect of any setting of the then

-

current Benchmark, then the applicable Benchmark

Replacement will replace the then

-

current Benchmark for all purposes hereunder or under

any Loan Document in respect of such Benchmark setting and subsequent Benchmark

settings, without any amendment to, or further action or consent of any other party to, this

Agreement or any other Loan Document;

provided

 that, this clause (ii) shall not be effective

unless the Administrative Agent has delivered to the Lenders and the Borrower a Term

SOFR Notice.

-54-

 (iii) In connection with the implementation of a Benchmark Replacement, the

Administrative Agent will have the right to make Benchmark Replacement Conforming

Changes from time to time and, notwithstanding anything to the contrary herein or in any

other Loan Document, any amendments implementing such Benchmark Replacement

Conforming Changes will become effective without any further action or consent of any

other party to this Agreement or any other Loan Document.

 (iv) The Administrative Agent will promptly notify the Borrower and the

Lenders of (A) any occurrence of a Benchmark Transition Event, Term SOFR Event or

Early Opt

-

in Election, as applicable, and its related Benchmark Replacement Date, (B) the

implementation of any Benchmark Replacement, (C) the effectiveness of any Benchmark

Replacement Conforming Changes, (D) the removal or reinstatement of any tenor of a

Benchmark pursuant to clause (v) below and (E) the commencement or conclusion of any

Benchmark Unavailability Period. Any determination, decision or election that may be

made by the Administrative Agent or, if applicable, any Lender (or group of Lenders)

pursuant to this Section 4.3(c), including any determination with respect to a tenor, rate or

adjustment or of the occurrence or non

-

occurrence of an event, circumstance or date and

any decision to take or refrain from taking any action or any selection, will be made in

good faith in its or their reasonable discretion giving due consideration to any selection or

recommendation by the Relevant Governmental Body and to any prevailing market

practices for U.S. Dollar-denominated syndicated credit facilities and shall be conclusive

and binding absent manifest error without consent from any other party to this Agreement

or any other Loan Document, except, in each case, as expressly required pursuant to this

Section 4.3(c). The parties hereto acknowledge that, on March 5, 2021, the ICE

Benchmark Administration (the

“IBA”

), the administrator of the London interbank offered

rate (

“LIBOR Rate”

), stated that as a result of its not having access to input data necessary

to calculate LIBOR Rate settings on a representative basis beyond the intended cessation

dates set forth in such statement, it would have to cease publication of all 35 LIBOR Rate

settings immediately after such dates. The IBA did not identify any successor

administrator in its announcement. The IBA also noted that the U.K. Financial Conduct

Authority (the

“FCA”

), the regulatory supervisor for the IBA, could, at a later date, use

proposed new powers to require the IBA to publish LIBOR Rate settings on a synthetic

basis. The FCA also issued a separate announcement confirming that the IBA had notified

the FCA of its intent to cease providing all LIBOR Rate settings. While the FCA stated

that, subject to the establishment of the new proposed powers, it would consult on the issue

of requiring the IBA to produce certain LIBOR Rate tenors on a synthetic basis, it

confirmed that all 35 LIBOR Rate settings will either cease to be provided by any

administrator or will no longer be representative as of the dates set forth in such statement.

 (v) Notwithstanding anything to the contrary herein or in any other Loan

Document, at any time (including in connection with the implementation of a Benchmark

Replacement), (A) if the then

-

current Benchmark is a term rate (including Term SOFR or

LIBOR) and either (1) any tenor for such Benchmark is not displayed on a screen or other

information service that publishes such rate from time to time as selected by the

Administrative Agent in good faith and in its reasonable discretion giving due

consideration to any prevailing market practice for U.S. Dollar-denominated syndicated

-55-

credit facilities or (2) the regulatory supervisor for the administrator of such Benchmark

has provided a public statement or publication of information announcing that any tenor

for such Benchmark is or will be no longer representative, then the Administrative Agent

may modify the definition of “Interest Period” for any Benchmark settings at or after such

time to remove such unavailable or non

-

representative tenor and (B) if a tenor that was

removed pursuant to clause (A) above either (1) is subsequently displayed on a screen or

information service for a Benchmark (including a Benchmark Replacement) or (2) is not,

or is no longer, subject to an announcement that it is or will no longer be representative for

a Benchmark (including a Benchmark Replacement), then the Administrative Agent may

modify the definition of “Interest Period” for all Benchmark settings at or after such time

to reinstate such previously removed tenor.

 (vi) Upon the Borrower’s receipt of notice of the commencement of a

Benchmark Unavailability Period, the Borrower may revoke any request for a Borrowing

of, conversion to or continuation of Eurodollar Loans to be made, converted or continued

during any Benchmark Unavailability Period and, failing that, the Borrowers will be

deemed to have converted any such request into a request for a Borrowing of or conversion

to Base Rate Loans. During any Benchmark Unavailability Period or at any time that a

tenor for the then

-

current Benchmark is not an Available Tenor, the component of Base

Rate based upon the then

-

current Benchmark or such tenor for such Benchmark, as

applicable, will not be used in any determination of Base Rate.

(vii)

Certain Defined Terms

. As used in this Section 4.3(c): 

 “Available Tenor”

 means, as of any date of determination and with

respect to the then

-

current Benchmark, as applicable, any tenor for such

Benchmark or payment period for interest calculated with reference to such

Benchmark, as applicable, that is or may be used for determining the length

of an Interest Period pursuant to this Agreement as of such date and not

including, for the avoidance of doubt, any tenor for such Benchmark that is

then

-

removed from the definition of “Interest Period” pursuant to clause (v)

of this Section 4.3(c).

 “Benchmark”

 means, initially, the LIBOR Index Rate;

provided

 that

if a Benchmark Transition Event, a Term SOFR Event or an Early Opt

-

in

Election, as applicable, and its related Benchmark Replacement Date have

occurred with respect to the LIBOR Index Rate or the then

-

current

Benchmark, then “Benchmark” means the applicable Benchmark

Replacement to the extent that such Benchmark Replacement has replaced

such prior benchmark rate pursuant to clause (i) or (ii) of this Section 4.3(c).

 “Benchmark Replacement”

means, for any Available Tenor, the

first alternative set forth in the order below that can be determined by the

Administrative Agent for the applicable Benchmark Replacement Date:

-56-

 (1) the sum of: (a) Term SOFR and (b) the related Benchmark

Replacement Adjustment;

 (2) the sum of: (a) Daily Simple SOFR and (b) the related

Benchmark Replacement Adjustment;

 (3) the sum of: (a) the alternate benchmark rate that has been

selected by the Administrative Agent and the Borrower as the replacement

for the then

-

current Benchmark for the applicable Corresponding Tenor

giving due consideration to (i) any selection or recommendation of a

replacement benchmark rate or the mechanism for determining such a rate

by the Relevant Governmental Body or (ii) any evolving or then

-

prevailing

market convention for determining a benchmark rate as a replacement for

the then

-

current Benchmark for U.S. dollar

-

denominated syndicated credit

facilities at such time and (b) the related Benchmark Replacement

Adjustment;

provided

 that, in the case of clause (1), such Unadjusted Benchmark

Replacement is displayed on a screen or other information service that

publishes such rate from time to time as selected by the Administrative

Agent in good faith and in its reasonable discretion giving due consideration

to any prevailing market practice for U.S. Dollar-denominated syndicated

credit facilities;

provided further

 that, notwithstanding anything to the

contrary in this Agreement or in any other Loan Document, upon the

occurrence of a Term SOFR Event, and the delivery of a Term SOFR

Notice, on the applicable Benchmark Replacement Date the “Benchmark

Replacement” shall revert to and shall be deemed to be the sum of (a) Term

SOFR and (b) the related Benchmark Replacement Adjustment, as set forth

in clause (1) of this definition (subject to the first proviso above).

If the Benchmark Replacement as determined pursuant to clause (1), (2) or

(3) above would be less than the Floor, the Benchmark Replacement will be

deemed to be the Floor for the purposes of this Agreement and the other

Loan Documents.

 “Benchmark Replacement Adjustment”

means, with respect to any

replacement of the then current Benchmark with an Unadjusted Benchmark

Replacement for any applicable Interest Period and Available Tenor for any

setting of such Unadjusted Benchmark Replacement:

 (1) for purposes of clauses (1) and (2) of the definition of

“Benchmark Replacement,” the first alternative set forth in the order below

that can be determined by the Administrative Agent:

 (a) the spread adjustment, or method for calculating or

determining such spread adjustment, (which may be a positive or negative

-57-

value or zero) as of the Reference Time such Benchmark Replacement is

first set for such Interest Period that has been selected or recommended by

the Relevant Governmental Body for the replacement of such Benchmark

with the applicable Unadjusted Benchmark Replacement for the applicable

Corresponding Tenor;

 (b) the spread adjustment (which may be a positive or negative

value or zero) as of the Reference Time such Benchmark Replacement is

first set for such Interest Period that would apply to the fallback rate for a

derivative transaction referencing the ISDA Definitions to be effective upon

an index cessation event with respect to such Benchmark for the applicable

Corresponding Tenor; and

 (2) for purposes of clause (3) of the definition of “Benchmark

Replacement,” the spread adjustment, or method for calculating or

determining such spread adjustment, (which may be a positive or negative

value or zero) that has been selected by the Administrative Agent and the

Borrower for the applicable Corresponding Tenor giving due consideration

to (i) any selection or recommendation of a spread adjustment, or method

for calculating or determining such spread adjustment, for the replacement

of such Benchmark with the applicable Unadjusted Benchmark

Replacement by the Relevant Governmental Body on the applicable

Benchmark Replacement Date and/or (ii) any evolving or then-prevailing

market convention for determining a spread adjustment, or method for

calculating or determining such spread adjustment, for the replacement of

such Benchmark with the applicable Unadjusted Benchmark Replacement

for U.S. dollar denominated syndicated credit facilities;

provided

 that, in the case of clause (1) above, such adjustment is displayed

on a screen or other information service that publishes such Benchmark

Replacement Adjustment from time to time as selected by the

Administrative Agent in its reasonable discretion.

 “Benchmark Replacement Conforming Changes”

 means, with

respect to any Benchmark Replacement, any technical, administrative or

operational changes (including changes to the definition of “Base Rate,” the

definition of “Business Day,” the definition of “Interest Period,” the timing

and frequency of determining rates and making payments of interest, the

timing of borrowing requests or prepayment, conversion or continuation

notices, the length of lookback periods, the applicability of breakage

provisions, and other technical, administrative or operational matters) that

the Administrative Agent reasonably decides may be appropriate to reflect

the adoption and implementation of such Benchmark Replacement and to

permit the administration thereof by the Administrative Agent in a manner

substantially consistent with market practice (or, if the Administrative

Agent in good faith decides that adoption of any portion of such market

-58-

practice is not administratively feasible or if the Administrative Agent

determines in good faith that no market practice for the administration of

such Benchmark Replacement exists, in such other manner of

administration as the Administrative Agent in good faith decides is

reasonably necessary in connection with the administration of this

Agreement and the other Loan Documents).

 “Benchmark Replacement Date”

 means the earliest to occur of the

following events with respect to the then-current Benchmark:

 (1) in the case of clause (1) or (2) of the definition of

“Benchmark Transition Event,” the later of (a) the date of the public

statement or publication of information referenced therein and (b) the date

on which the administrator of such Benchmark (or the published component

used in the calculation thereof) permanently or indefinitely ceases to

provide all Available Tenors of such Benchmark (or such component

thereof);

 (2) in the case of clause (3) of the definition of “Benchmark

Transition Event,” the date of the public statement or publication of

information referenced therein;

 (3) in the case of a Term SOFR Event, the date that is 30 days

after the date a Term SOFR Notice is provided to the Lenders and the

Borrower pursuant to this Section 4.3(c)(ii); or

 (4) in the case of an Early Opt

-

in Election, the 6th Business Day

after the date notice of such Early Opt

-

in Election is provided to the

Lenders, so long as the Administrative Agent has not received, by 5:00 p.m.

(Chicago time) on the 5th Business Day after the date notice of such Early

Opt

-

in Election is provided to the Lenders, written notice of objection to

such Early Opt

-

in Election from Lenders comprising the Required Lenders.

For the avoidance of doubt, (i) if the event giving rise to the Benchmark

Replacement Date occurs on the same day as, but earlier than, the Reference

Time in respect of any determination, the Benchmark Replacement Date

will be deemed to have occurred prior to the Reference Time for such

determination and (ii) the “Benchmark Replacement Date” will be deemed

to have occurred in the case of clause (1) or (2) with respect to any

Benchmark upon the occurrence of the applicable event or events set forth

therein with respect to all then

-

current Available Tenors of such Benchmark

(or the published component used in the calculation thereof).

 “Benchmark Transition Event”

means the occurrence of one or

more of the following events with respect to the then

-

current Benchmark:

-59-

 (1) a public statement or publication of information by or on

behalf of the administrator of such Benchmark (or the published component

used in the calculation thereof) announcing that such administrator has

ceased or will cease to provide all Available Tenors of such Benchmark (or

such component thereof), permanently or indefinitely;

provided

 that, at the

time of such statement or publication, there is no successor administrator

that will continue to provide any Available Tenor of such Benchmark (or

such component thereof);

 (2) a public statement or publication of information by the

regulatory supervisor for the administrator of such Benchmark (or the

published component used in the calculation thereof), the FRB, the

NYFRB, an insolvency official with jurisdiction over the administrator for

such Benchmark (or such component), a resolution authority with

jurisdiction over the administrator for such Benchmark (or such component)

or a court or an entity with similar insolvency or resolution authority over

the administrator for such Benchmark (or such component), which states

that the administrator of such Benchmark (or such component) has ceased

or will cease to provide all Available Tenors of such Benchmark (or such

component thereof) permanently or indefinitely,

provided

 that, at the time

of such statement or publication, there is no successor administrator that

will continue to provide any Available Tenor of such Benchmark (or such

component thereof); or

 (3) a public statement or publication of information by the

regulatory supervisor for the administrator of such Benchmark (or the

published component used in the calculation thereof) announcing that all

Available Tenors of such Benchmark (or such component thereof) are no

longer representative.

For the avoidance of doubt, a “Benchmark Transition Event” will be

deemed to have occurred with respect to any Benchmark if a public

statement or publication of information set forth above has occurred with

respect to each then

-

current Available Tenor of such Benchmark (or the

published component used in the calculation thereof).

 “Benchmark Unavailability Period”

means the period (if any) (x)

beginning at the time that a Benchmark Replacement Date pursuant to

clauses (1) or (2) of that definition has occurred if, at such time, no

Benchmark Replacement has replaced the then

-

current Benchmark for all

purposes hereunder and under any Loan Document in accordance with this

Section 4.3(c) and (y) ending at the time that a Benchmark Replacement has

replaced the then

-

current Benchmark for all purposes hereunder and under

any Loan Document in accordance with this Section 4.3(c).

-60-

 “Corresponding Tenor”

with respect to any Available Tenor means,

as applicable, either a tenor (including overnight) or an interest payment

period having approximately the same length (disregarding business day

adjustment) as such Available Tenor.

 “Daily Simple SOFR”

means, for any day, SOFR, with the

conventions for this rate (which will include a lookback) being established

by the Administrative Agent in accordance with the conventions for this

rate selected or recommended by the Relevant Governmental Body for

determining “Daily Simple SOFR” for syndicated business loans;

provided

that if the Administrative Agent decides in good faith that any such

convention is not administratively feasible for the Administrative Agent,

then the Administrative Agent may establish another convention in good

faith and in its reasonable discretion giving due consideration to any

prevailing market practices for U.S. Dollar-denominated syndicated credit

facilities.

 “Early Opt

-

in Election”

means, if the then

-

current Benchmark is

the LIBOR Index Rate, the occurrence of:

 (1) a notification by the Administrative Agent to (or the request

by the Borrower to the Administrative Agent to notify) each of the other

parties hereto that at least five currently outstanding U.S.

dollar

-

denominated syndicated credit facilities at such time contain (as a

result of amendment or as originally executed) a SOFR

-

based rate

(including SOFR, a term SOFR or any other rate based upon SOFR) as a

benchmark rate (and such syndicated credit facilities are identified in such

notice and are publicly available for review), and

 (2) the joint election by the Administrative Agent and the

Borrower to trigger a fallback from LIBOR and the provision by the

Administrative Agent of written notice of such election to the Lenders.

 “Floor”

 means the benchmark rate floor, if any, provided in this

Agreement initially (as of the execution of this Agreement, the

modification, amendment or renewal of this Agreement or otherwise) with

respect to LIBOR.

 “FRB”

 means the Board of Governors of the Federal Reserve

System of the United States.

 “ISDA Definitions”

means the 2006 ISDA Definitions published by

the International Swaps and Derivatives Association, Inc. or any successor

thereto, as amended or supplemented from time to time, or any successor

definitional booklet for interest rate derivatives published from time to time

-61-

by the International Swaps and Derivatives Association, Inc. or such

successor thereto.

 “NYFRB”

means the Federal Reserve Bank of New York.

 “NYFRB’s Website”

means the website of the Federal Reserve Bank

of New York at http://www.newyorkfed.org, or any successor source.

 “Reference Time”

with respect to any setting of the then

-

current

Benchmark means (1) if such Benchmark is the LIBOR Index Rate, 11:00

a.m. (London time) on the day that is two London banking days preceding

the date of such setting, and (2) if such Benchmark is not the LIBOR Index

Rate, the time determined by the Administrative Agent in good faith and in

its reasonable discretion giving due consideration to any prevailing market

practice for U.S. Dollar-denominated syndicated credit facilities.

 “Relevant Governmental Body

” means the FRB and/or the NYFRB,

or a committee officially endorsed or convened by the FRB and/or the

NYFRB, or any successor thereto.

 “SOFR”

means, with respect to any Business Day, a rate per annum

equal to the secured overnight financing rate for such Business Day

published by the SOFR Administrator on the SOFR Administrator’s

Website on the immediately succeeding Business Day.

 “SOFR Administrator”

means the NYFRB (or a successor

administrator of the secured overnight financing rate).

 “SOFR Administrator’s Website”

means the NYFRB’s Website,

currently at http://www.newyorkfed.org, or any successor source for the

secured overnight financing rate identified as such by the SOFR

Administrator from time to time.

 “Term SOFR”

means, for the applicable Corresponding Tenor as of

the applicable Reference Time, the forward

-

looking term rate based on

SOFR that has been selected or recommended by the Relevant

Governmental Body.

 “Term SOFR Event”

means the determination by the Administrative

Agent that (a) Term SOFR has been recommended for use by the Relevant

Governmental Body, (b) the administration of Term SOFR is

administratively feasible for the Administrative Agent and (c) a Benchmark

Transition Event has previously occurred resulting in a Benchmark

Replacement in accordance with this Section 4.3(c) that is not Term SOFR.

-62-

 “Term SOFR Notice”

means a notification by the Administrative

Agent to the Lenders and the Borrower of the occurrence of a Term SOFR

Event.

 “Unadjusted Benchmark Replacement”

means the applicable

Benchmark Replacement excluding the related Benchmark Replacement

Adjustment.

Section 4.4. Increased Costs

.

 (a)

Increased Costs Generally. 

If any Change in Law shall:

 (i) impose, modify or deem applicable any reserve, special deposit,

compulsory loan, insurance charge or similar requirement against assets of, deposits with

or for the account of, or credit extended or participated in by, any Lender (except any

reserve requirement reflected in the Adjusted LIBOR) or any L/C Issuer;

 (ii) subject any Recipient to any Taxes (other than (A) Indemnified Taxes,

(B) Taxes described in clauses (b) through (d) of the definition of Excluded Taxes and

(C) Connection Income Taxes) on its loans, loan principal, letters of credit, commitments,

or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto;

or

 (iii) impose on any Lender or any L/C Issuer or the London interbank market

any other condition, cost or expense (other than Taxes) affecting this Agreement or Loans

made by such Lender or any Letter of Credit or participation therein;

and the result of any of the foregoing shall be to increase the cost to such Lender or such other

Recipient of making, converting to, continuing or maintaining any Loan or of maintaining its

obligation to make any such Loan, or to increase the cost to such Lender, such L/C Issuer or such

other Recipient of participating in, issuing or maintaining any Letter of Credit (or of maintaining

its obligation to participate in or to issue any Letter of Credit), or to reduce the amount of any sum

received or receivable by such Lender, L/C Issuer or other Recipient hereunder (whether of

principal, interest or any other amount) then, upon request of such Lender, L/C Issuer or other

Recipient, the Borrower will pay to such Lender, L/C Issuer or other Recipient, as the case may

be, such additional amount or amounts as will compensate such Lender, L/C Issuer or other

Recipient, as the case may be, for such additional costs incurred or reduction suffered.

 (b)

Capital Requirements. 

If any Lender or L/C Issuer determines that any Change in

Law affecting such Lender or L/C Issuer or any lending office of such Lender or such Lender’s or

L/C Issuer’s holding company, if any, regarding capital or liquidity requirements, has or would

have the effect of reducing the rate of return on such Lender’s or L/C Issuer’s capital or on the

capital of such Lender’s or L/C Issuer’s holding company, if any, as a consequence of this

Agreement, the Commitments of such Lender or the Loans made by, or participations in Letters

of Credit or Swingline Loans held by, such Lender, or the Letters of Credit issued by any L/C

Issuer, to a level below that which such Lender or L/C Issuer or such Lender’s or L/C Issuer’s

-63-

holding company could have achieved but for such Change in Law (taking into consideration such

Lender’s or L/C Issuer’s policies and the policies of such Lender’s or L/C Issuer’s holding

company with respect to capital adequacy), then from time to time the Borrower will pay to such

Lender or L/C Issuer, as the case may be, such additional amount or amounts as will compensate

such Lender or L/C Issuer or such Lender’s or L/C Issuer’s holding company for any such

reduction suffered.

 (c)

Certificates for Reimbursement. 

A certificate of a Lender or L/C Issuer setting forth

the amount or amounts necessary to compensate such Lender or L/C Issuer or its holding company,

as the case may be, as specified in subsection (a) or (b) of this Section and delivered to the

Borrower, shall be conclusive absent manifest error. The Borrower shall pay such Lender or L/C

Issuer, as the case may be, the amount shown as due on any such certificate within thirty (30) days

after receipt thereof.

 (d)

Delay in Requests. 

Failure or delay on the part of any Lender or L/C Issuer to demand

compensation pursuant to this Section shall not constitute a waiver of such Lender’s or L/C Issuer’s

right to demand such compensation;

provided

 that the Borrower shall not be required to

compensate a Lender or L/C Issuer pursuant to this Section for any increased costs incurred or

reductions suffered more than six (6) months prior to the date that such Lender or L/C Issuer, as

the case may be, notifies the Borrower of the Change in Law giving rise to such increased costs or

reductions, and of such Lender’s or L/C Issuer’s intention to claim compensation therefor (except

that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the

nine-month period referred to above shall be extended to include the period of retroactive effect

thereof).

Section 4.5. Funding Indemnity

. If any Lender shall incur any loss, cost or expense

(including, without limitation, any loss, cost or expense incurred by reason of the liquidation or

re-employment of deposits or other funds acquired by such Lender to fund or maintain any

Eurodollar Loan or Swingline Loan bearing interest at the Swingline Lender’s Quoted Rate or the

relending or reinvesting of such deposits or amounts paid or prepaid to such Lender) as a result of:

 (a) any payment, prepayment or conversion of a Eurodollar Loan or such

Swingline Loan on a date other than the last day of its Interest Period, 

 (b) any failure (because of a failure to meet the conditions of Section 7 or

otherwise) by the Borrower to borrow or continue a Eurodollar Loan or such Swingline

Loan, or to convert a Base Rate Loan into a Eurodollar Loan or such Swingline Loan on

the date specified in a notice given pursuant to Section 2.6(a) or 2.2(b),

 (c) any failure by the Borrower to make any payment of principal on any

Eurodollar Loan or such Swingline Loan when due (whether by acceleration or otherwise),

or

 (d) any acceleration of the maturity of a Eurodollar Loan or such Swingline

Loan as a result of the occurrence of any Event of Default hereunder,

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then, upon the demand of such Lender, the Borrower shall pay to such Lender such amount as will

reimburse such Lender for such loss, cost or expense. If any Lender makes such a claim for

compensation, it shall provide to the Borrower, with a copy to the Administrative Agent, a

certificate setting forth the amount of such loss, cost or expense in reasonable detail and the

amounts shown on such certificate shall be conclusive

absent manifest error.

Section 4.6. Discretion of Lender as to Manner of Funding. 

Notwithstanding any other

provision of this Agreement, each Lender shall be entitled to fund and maintain its funding of all

or any part of its Loans in any manner it sees fit, it being understood, however, that for the purposes

of this Agreement all determinations hereunder with respect to Eurodollar Loans shall be made as

if each Lender had actually funded and maintained each Eurodollar Loan through the purchase of

deposits in the interbank euro dollar market having a maturity corresponding to such Loan’s

Interest Period, and bearing an interest rate equal to LIBOR for such Interest Period.

Section 4.7. Lending Offices; Mitigation Obligations. 

Each Lender may, at its option,

elect to make its Loans hereunder at the branch, office or affiliate specified in its Administrative

Questionnaire (each a

“Lending Office”

) for each type of Loan available hereunder or at such other

of its branches, offices or affiliates as it may from time to time elect and designate in a written

notice to the Borrower and the Administrative Agent. 

If any Lender requests compensation under

Section 4.4, or requires the Borrower to pay any Indemnified Taxes or additional amounts to any

Lender or any Governmental Authority for the account of any Lender pursuant to Section 4.1, then

such Lender shall (at the request of the Borrower) use reasonable efforts to designate a different

lending office for funding or booking its Loans hereunder or to assign its rights and obligations

hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such

designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 4.1

or 4.4, as the case may be, in the future, and (ii) would not subject such Lender to any unreimbursed

cost or expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby

agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any

such designation or assignment.

S

ECTION

 5. P

LACE AND

A

PPLICATION OF

P

AYMENTS

.

Section 5.1. Place and Application of Payments.

 All payments of principal of and interest

on the Loans and the Reimbursement Obligations, and all other Obligations payable by the

Borrower under this Agreement and the other Loan Documents, shall be made by the Borrower to

the Administrative Agent by no later than 2:00 p.m. (Chicago time) on the due date thereof at the

office of the Administrative Agent in Chicago, Illinois (or such other location as the Administrative

Agent may designate to the Borrower), for the benefit of the Lender(s) or L/C Issuer entitled

thereto. Any payments received after such time shall be deemed to have been received by the

Administrative Agent on the next Business Day. All such payments shall be made in U.S. Dollars,

in immediately available funds at the place of payment, in each case without set-off or

counterclaim. The Administrative Agent will promptly thereafter cause to be distributed like funds

relating to the payment of principal or interest on Loans and on Reimbursement Obligations in

which the Lenders have purchased Participating Interests ratably to the Lenders and like funds

relating to the payment of any other amount payable to any Lender to such Lender, in each case to

be applied in accordance with the terms of this Agreement. Unless the Administrative Agent shall

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have received notice from the Borrower prior to the date on which any payment is due to the

Administrative Agent for the account of the Lenders or the L/C Issuers hereunder that the Borrower

will not make such payment, the Administrative Agent may assume that the Borrower has made

such payment on such date in accordance herewith and may, in reliance upon such assumption,

distribute to the Lenders or the L/C Issuers, as the case may be, the amount due. With respect to

any payment that the Administrative Agent makes to any Lender, L/C Issuer or other secured party

hereunder as to which Administrative Agent determines (in its sole and absolute discretion) that

any of the following applies (such payment referred to as the

“Rescindable Amount”

): (1) the

Borrowers have not in fact made the corresponding payment to the Administrative Agent; (2) the

Administrative Agent has made a payment in excess of the amount(s) received by it from the

Borrowers either individually or in the aggregate (whether or not then owed); or (3) the

Administrative Agent has for any reason otherwise erroneously made such payment; then each of

the Lenders, the L/C Issuer and the other Affiliates of the Lenders that are secured parties

hereunder severally agrees to repay to the Administrative Agent forthwith on demand the

Rescindable Amount so distributed to such Person, in immediately available funds with interest

thereon, for each day from and including the date such amount is distributed to it to but excluding

the date of payment to the Administrative Agent, at the greater of the Federal Funds Rate and a

rate determined by the Administrative Agent in accordance with banking industry rules on

interbank compensation.

Section 5.2. Non-Business Days. 

Subject to the definition of Interest Period, if any

payment hereunder becomes due and payable on a day which is not a Business Day, the due date

of such payment shall be extended to the next succeeding Business Day on which date such

payment shall be due and payable. In the case of any payment of principal falling due on a day

which is not a Business Day, interest on such principal amount shall continue to accrue during

such extension at the rate per annum then in effect, which accrued amount shall be due and payable

on the next scheduled date for the payment of interest.

 Section 5.3. Payments Set Aside

. To the extent that any payment by or on behalf of the

Borrower or any other Loan Party is made to the Administrative Agent, any L/C Issuer or any

Lender, or the Administrative Agent, any L/C Issuer 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, such L/C Issuer 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 and each L/C

Issuer 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 greater of the Federal Funds Rate and a rate determined by the Administrative

Agent in accordance with banking industry rules on interbank compensation for each such day.

 Section 5.4. Account Debit

. The Borrower hereby irrevocably authorizes the

Administrative Agent, upon at least two (2) business days prior notice to Borrower, to charge any

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of the Borrower’s deposit accounts maintained with the Administrative Agent for the amounts

from time to time necessary to pay any then due Obligations;

provided

 that

the Borrower

acknowledges and agrees that the Administrative Agent shall not be under an obligation to do so

and the Administrative Agent shall not incur any liability to the Borrower or any other Person for

the Administrative Agent’s failure to do so.

S

ECTION

 6. R

EPRESENTATIONS AND

W

ARRANTIES

.

Each Loan Party represents and warrants to the Administrative Agent and the Lenders as

follows:

Section 6.1. Organization and Qualification

. Each Loan Party is duly organized, validly

existing, and in good standing as a corporation, limited liability company, or partnership, as

applicable, under the laws of the jurisdiction in which it is organized, has the authority and power

to own its Property and conduct its business as now conducted, and is duly qualified and in good

standing in each jurisdiction in which the nature of the business conducted by it or the nature of

the Property owned or leased by it requires such qualifying, except where the failure to do so would

not have a Material Adverse Effect.

Section 6.2. Subsidiaries

. Each Subsidiary that is not a Loan Party is duly organized,

validly existing, and in good standing under the laws of the jurisdiction in which it is organized,

has the authority and power to own its Property and conduct its business as now conducted, and is

qualified and in good standing in each jurisdiction in which the nature of the business conducted

by it or the nature of the Property owned or leased by it requires such qualifying, except where the

failure to do so would not have a Material Adverse Effect. Schedule 6.2 hereto identifies each

Subsidiary (including Subsidiaries that are Loan Parties), the jurisdiction of its organization, the

percentage of issued and outstanding shares of each class of its capital stock or other equity

interests owned by any Loan Party and its Subsidiaries and, if such percentage is not 100%

(excluding directors’ qualifying shares as required by law), a description of each class of its

authorized capital stock and other equity interests and the number of shares of each class issued

and outstanding. All of the outstanding shares of capital stock and other equity interests of each

Subsidiary are validly issued and outstanding and fully paid and nonassessable and all such shares

and other equity interests indicated on Schedule 6.2 as owned by the relevant Loan Party or another

Subsidiary are owned, beneficially and of record, by such Loan Party or such Subsidiary free and

clear of all Liens otherwise permitted by this Agreement. There are no outstanding commitments

or other obligations of any Subsidiary to issue, and no options, warrants or other rights of any

Person to acquire, any shares of any class of capital stock or other equity interests of any

Subsidiary.

Section 6.3. Authority and Validity of Obligations

. Each Loan Party has the right and

authority to enter into this Agreement and the other Loan Documents executed by it, to make the

borrowings herein provided for (in the case of the Borrower), to guarantee the Secured Obligations

(in the case of each Guarantor), to grant to the Administrative Agent the Liens described in the

Collateral Documents executed by such Loan Party, and to perform all of its obligations hereunder

and under the other Loan Documents executed by it. The Loan Documents delivered by the Loan

Parties and their Subsidiaries have been duly authorized, executed, and delivered by such Persons

-67-

and constitute valid and binding obligations of such Loan Parties and their Subsidiaries enforceable

against each of them in accordance with their terms, except as enforceability may be limited by

bankruptcy, insolvency, fraudulent conveyance or similar laws affecting creditors’ rights generally

and general principles of equity (regardless of whether the application of such principles is

considered in a proceeding in equity or at law); and this Agreement and the other Loan Documents

do not, nor does the performance or observance by any Loan Party or any Subsidiary of any of the

matters and things herein or therein provided for, (a) contravene or constitute a default under any

provision of law or any judgment, injunction, order or decree binding upon any Loan Party or any

Subsidiary of a Loan Party or any provision of the organizational documents (

e.g.,

 charter,

certificate or articles of incorporation and by-laws, certificate or articles of association and

operating agreement, partnership agreement, or other similar organizational documents) of any

Loan Party or any Subsidiary of a Loan Party, (b) contravene or constitute a default under any

covenant, indenture or agreement of or affecting any Loan Party or any Subsidiary of a Loan Party

or any of their respective Property, in each case where such contravention or default, individually

or in the aggregate, could reasonably be expected to have a Material Adverse Effect, or (c) result

in the creation or imposition of any Lien on any Property of any Loan Party or any Subsidiary of

a Loan Party other than the Liens granted in favor of the Administrative Agent pursuant to the

Collateral Documents.

Section 6.4. Use of Proceeds; Margin Stock

. The Borrower shall use the proceeds of the

Revolving Facility to finance Capital Expenditures, to finance Permitted Acquisitions and for its

general working capital purposes and for such other legal and proper purposes as are consistent

with all applicable laws and to pay certain fees and expenses associated with closing of this

Agreement. No Loan Party nor any of its Subsidiaries is engaged in the business of extending

credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U

of the Board of Governors of the Federal Reserve System), and no part of the proceeds of any Loan

or any other extension of credit made hereunder will be used to purchase or carry any such margin

stock or to extend credit to others for the purpose of purchasing or carrying any such margin stock. 

Margin stock (as hereinabove defined) constitutes less than 25% of the assets of the Loan Parties

and their Subsidiaries which are subject to any limitation on sale, pledge or other restriction

hereunder.

Section 6.5. Financial Reports

. The consolidated balance sheet of the Borrower and its

Subsidiaries as of May 29, 2021, and the related consolidated statements of operations,

comprehensive income (loss), stockholder’s equity and cash flows of the Borrower and its

Subsidiaries for the fiscal year then ended, and accompanying notes thereto, which financial

statements are accompanied by the audit report of Frost, PLLC, independent public accountants,

and the unaudited interim consolidated balance sheet of the Borrower and its Subsidiaries as of

August 28, 2021, and the related consolidated statements of operations, comprehensive

income(loss), shareholder’s equity and cash flows of the Borrower and its Subsidiaries

for the

three (3) months then ended, heretofore furnished to the Administrative Agent and the Lenders,

fairly present in all material respects the consolidated financial condition of the Borrower and its

Subsidiaries

at said dates and the consolidated results of their operations and cash flows for the

periods then ended in conformity with GAAP applied on a consistent basis. Neither the Borrower

nor any of its Subsidiaries has contingent liabilities which are material to it other than as indicated

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on such financial statements or, with respect to future periods, on the financial statements furnished

pursuant to Section 8.5. 

Section 6.6. No Material Adverse Change. 

Since May 29, 2021, there has been no change

in the condition (financial or otherwise) or business prospects of any Loan Party or any Subsidiary

of a Loan Party except those occurring in the ordinary course of business or as disclosed in its

filings with the SEC, none of which individually or in the aggregate could reasonably be expected

to have a Material Adverse Effect. 

Section 6.7. Full Disclosure

. The statements and information furnished to the

Administrative Agent and the Lenders in connection with the negotiation of this Agreement and

the other Loan Documents and the commitments by the Lenders to provide all or part of the

financing contemplated hereby do not contain any untrue statements of a material fact or omit a

material fact necessary to make the material statements contained herein or therein not misleading,

the Administrative Agent and the Lenders acknowledging that as to any projections furnished to

the Administrative Agent and the Lenders, the Loan Parties only represent that the same were

prepared on the basis of information and estimates the Loan Parties believed to be reasonable in

light of the then existing conditions. The Administrative Agent and Lenders recognize that any

projections are not to be viewed as facts and that the actual results during the period or periods

covered by such projections may vary from such projections. Notwithstanding the foregoing, it is

understood and agreed that the periodic reports and other information of Borrower filed with the

SEC pursuant to Section 13 of the Exchange Act speak as of the date of such reports or other filings

and not of any subsequent time and, therefore, the representation set forth in the first sentence of

this paragraph is applicable to the information contained in such reports or other filings only as of

the date of such reports or other filings. Additionally, notwithstanding anything to the contrary

contained herein, the representation in the first sentence of this paragraph shall not apply to

forward-looking information contained in the filings made by Borrower with the SEC pursuant to

Section 13 of the Exchange Act, and the Borrowers shall have no liability with respect to such

forward-looking information, except to the extent that Borrower would have liability to investors

in its public securities under the Exchange Act after the application of Section 21E of the Exchange

Act.

Section 6.8. Trademarks, Franchises, and Licenses

. The Loan Parties and their

Subsidiaries own, possess, or have the right to use all necessary patents, licenses, franchises,

trademarks, trade names, trade styles, copyrights, trade secrets, know how, and confidential

commercial and proprietary information to conduct their businesses as now conducted, without

known conflict with any patent, license, franchise, trademark, trade name, trade style, copyright

or other proprietary right of any other Person.

Section 6.9. Governmental Authority and Licensing.

 The Loan Parties and their

Subsidiaries have received all licenses, permits, and approvals of all federal, state, and local

governmental authorities, if any, necessary to conduct their businesses, in each case where the

failure to obtain or maintain the same could reasonably be expected to have a Material Adverse

Effect. No investigation or proceeding which, if adversely determined, could reasonably be

expected to result in revocation or denial of any material license, permit or approval is pending or,

to the knowledge of any Loan Party, threatened in writing.

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Section 6.10. Good Title

. The Borrower and its Subsidiaries have good and defensible title

(or valid leasehold interests) to their assets as reflected on the most recent consolidated balance

sheet of the Borrower and its Subsidiaries furnished to the Administrative Agent and the Lenders

(except for sales of assets in the ordinary course of business), subject to no Liens other than such

thereof as are permitted by Section 8.8. 

Section 6.11. Litigation and Other Controversies. 

Except as set forth in Schedule 6.11,

there is no litigation or governmental or arbitration proceeding or labor controversy pending, nor

to the knowledge of any Loan Party threatened, against any Loan Party or any Subsidiary of a

Loan Party or any of their respective Property which if adversely determined, individually or in

the aggregate, could reasonably be expected to have a Material Adverse Effect.

Section 6.12. Taxes

. All federal and material state, local, and foreign Tax returns required

to be filed by any Loan Party or any Subsidiary of a Loan Party in any jurisdiction have, in fact,

been filed, and all Taxes upon any Loan Party or any Subsidiary of a Loan Party or upon any of

their respective Property, income or franchises, which are shown to be due and payable in such

returns, have been paid, except such Taxes, if any, as are being contested in good faith and by

appropriate proceedings which prevent enforcement of the matter under contest and as to which

adequate reserves established in accordance with GAAP have been provided. No Loan Party

knows of any proposed additional Tax assessment against it or its Subsidiaries for which adequate

provisions in accordance with GAAP have not been made on their accounts. Adequate provisions

in accordance with GAAP for Taxes on the books of each Loan Party and each of its Subsidiaries

have been made for all open years, and for its current fiscal period.

Section 6.13. Approvals

. No authorization, consent, license or exemption from, or filing

or registration with, any court or governmental department, agency or instrumentality, nor any

approval or consent of any other Person, is or will be necessary to the valid execution, delivery or

performance by any Loan Party or any Subsidiary of a Loan Party of any Loan Document, except

for (i) such approvals which have been obtained prior to the date of this Agreement and remain in

full force and effect and (ii) filings which are necessary to perfect the security interests under the

Collateral Documents.

Section 6.14. Affiliate Transactions . 

No Loan Party nor any of its Subsidiaries is a party

to any contracts or agreements with any of its Affiliates on terms and conditions which are less

favorable to such Loan Party or such Subsidiary than would be usual and customary in similar

contracts or agreements between Persons not affiliated with each other.

Section 6.15. Investment Company. 

No Loan Party nor any of its Subsidiaries is an

“investment company” or a company “controlled” by an “investment company” within the

meaning of the Investment Company Act of 1940, as amended. 

 Section 6.16. ERISA

. Except as would not reasonably be expected to result in a Material

Adverse Effect, each Loan Party and each other member of its Controlled Group has fulfilled its

obligations under the minimum funding standards of and is in compliance in all material respects

with ERISA and the Code to the extent applicable to it and has not incurred any liability to the

PBGC or a Plan under Title IV of ERISA other than a liability to the PBGC for premiums under

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Section 4007 of ERISA. Except as would not reasonably be expected to result in a Material

Adverse Effect, no Loan Party or any of its Subsidiaries has any contingent liabilities with respect

to any post-retirement benefits under a Welfare Plan, other than liability for continuation coverage

described in article 6 of Title I of ERISA.

Section 6.17. Compliance with Laws

. (a) The Loan Parties and their Subsidiaries are in

compliance with all Legal Requirements applicable to or pertaining to their Property or business

operations, where any such non-compliance, individually or in the aggregate, could reasonably be

expected to have a Material Adverse Effect. 

 (b) Except for such matters, individually or in the aggregate, which could not reasonably

be expected to result in a Material Adverse Effect, the Loan Parties represent and warrant that: 

(i) the Loan Parties and their Subsidiaries, and each of the Premises, comply in all material respects

with all applicable Environmental Laws; (ii) the Loan Parties and their Subsidiaries have obtained,

maintain and are in compliance with all approvals, permits, or authorizations of Governmental

Authorities required for their operations and each of the Premises; (iii) the Loan Parties and their

Subsidiaries have not, and no Loan Party has knowledge of any other Person who has, caused any

Release, threatened Release or disposal of any Hazardous Material or any other waste or product,

including manure, at, on, or from any of the Premises in violation of any Environmental Laws;

(iv) the Loan Parties and their Subsidiaries are not subject to and have not received written notice

of any material Environmental Claim involving any Loan Party or any Subsidiary of a Loan Party

or any of the Premises, and, to the knowledge of the Loan Parties and their Subsidiaries, there are

no conditions or occurrences at any of the Premises which could reasonably be anticipated to form

the basis for such a material Environmental Claim; (v) none of the Premises contain and have

contained any sites on or nominated for the National Priority List or similar state list; (vi) the Loan

Parties and their Subsidiaries have conducted no Hazardous Material Activity at any of the

Premises except in compliance with Environmental Laws; (vii) except for permits, licenses and

other legal requirements required in the ordinary course of business none of the Premises are

subject to any, and no Loan Party has knowledge of any imminent, restriction on the ownership,

occupancy, use or transferability of the Premises in connection with any (1) Environmental Law

or (2) Release, threatened Release or disposal of a Hazardous Material, waste or product; and

(viii) the Loan Parties and their Subsidiaries have no knowledge of any material capital

expenditures necessary to bring the Premises or their respective businesses or equipment into

compliance with Environmental Laws. 

 (c) Each Loan Party and each of its Subsidiaries is in material compliance with all

Anti-Corruption Laws. To the knowledge of the Responsible Officers of the Loan Parties, no Loan

Party nor any Subsidiary has made a payment, offering, or promise to pay, or authorized the

payment of, money or anything of value (a) in order to assist in obtaining or retaining business for

or with, or directing business to, any foreign official, foreign political party, party official or

candidate for foreign political office, (b) to a foreign official, foreign political party or party

official or any candidate for foreign political office, and (c) with the intent to induce the recipient

to misuse his or her official position to direct business wrongfully to such Loan Party or such

Subsidiary or to any other Person, in violation of any Anti-Corruption Laws, which could

reasonably be expected to result in a Material Adverse Effect.

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Section 6.18. OFAC

. (a) Each Loan Party is in compliance in all material respects with the

requirements of all OFAC Sanctions Programs applicable to it, (b) each Subsidiary of each Loan

Party is in compliance in all material respects with the requirements of all OFAC Sanctions

Programs applicable to such Subsidiary, (c) each Loan Party has provided to the Administrative

Agent, the L/C Issuer, and the Lenders all information requested by them regarding such Loan

Party and its Affiliates and Subsidiaries necessary for the Administrative Agent, the L/C Issuer,

and the Lenders to comply with all applicable OFAC Sanctions Programs, and (d) no Loan Party

nor any of its Subsidiaries nor, to the knowledge of any Loan Party, any officer, director or Affiliate

of any Loan Party or any of its Subsidiaries, is a Person, that is, or is owned or controlled by

Persons that are, (i) the target of any OFAC Sanctions Programs or (ii) located, organized or

resident in a country or territory that is, or whose government is, the subject of any OFAC

Sanctions Programs.

Section

6.19.

Labor Matters. 

There are no strikes, lockouts or slowdowns against any Loan

Party or any Subsidiary of a Loan Party pending or, to the knowledge of any Loan Party,

threatened. There are no collective bargaining agreements in effect between any Loan Party or

any Subsidiary of a Loan Party and any labor union; and no Loan Party nor any of its Subsidiaries

is under any obligation to assume any collective bargaining agreement to or conduct any

negotiations with any labor union with respect to any future agreements. Each Loan Party and its

Subsidiaries have remitted on a timely basis all amounts required to have been withheld and

remitted (including withholdings from employee wages and salaries relating to income tax,

employment insurance, and pension plan contributions), goods and services tax and all other

amounts which if not paid when due could result in the creation of a Lien against any of its

Property, except for Liens permitted by Section 8.8, or which would not reasonably be expected

to result in a Material Adverse Effect or which are being contested in good faith by appropriate

proceedings which prevent enforcement of any Lien with respect thereto.

Section 6.20. Other Agreements

. No Loan Party nor any of its Subsidiaries is in default

under the terms of any covenant, indenture or agreement of or affecting such Person or any of its

Property, which default if uncured could reasonably be expected to have a Material Adverse Effect. 

Section 6.21. Solvency

. The Loan Parties and their Subsidiaries are solvent, able to pay

their debts as they become due, and have sufficient capital to carry on their business and all

businesses in which they are about to engage.

Section 6.22. No Default. 

No Default has occurred and is continuing.

Section 6.23. No Broker Fees. 

No broker’s or finder’s fee or commission will be payable

with respect hereto or any of the transactions contemplated thereby; and the Loan Parties hereby

agree to indemnify the Administrative Agent, the L/C Issuer, and the Lenders against, and agree

that they will hold the Administrative Agent, the L/C Issuer, and the Lenders harmless from, any

claim, demand, or liability for any such broker’s or finder’s fees alleged to have been incurred in

connection herewith or therewith and any expenses (including reasonable attorneys’ fees) arising

in connection with any such claim, demand, or liability.

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S

ECTION

 7. C

ONDITIONS

P

RECEDENT

.

Section 7.1. All Credit Events

. At the time of each Credit Event hereunder:

 (a) each of the representations and warranties set forth herein and in the other

Loan Documents shall be and remain true and correct in all material respects as of said

time (where not already qualified by materiality, otherwise in all respects), except to the

extent the same expressly relate to an earlier date, in which case they shall be true and

correct in all material respects (where not already qualified by materiality, otherwise in all

respects) as of such earlier date;

 (b) no Default shall have occurred and be continuing or would occur as a result

of such Credit Event; 

 (c) after giving effect to such extension of credit the aggregate principal amount

of all Swingline Loans, Revolving Loans and L/C Obligations outstanding under this

Agreement shall not exceed the Revolving Credit Commitments; 

 (d) in the case of a Borrowing the Administrative Agent shall have received the

notice required by Section 2.6, in the case of the issuance of any Letter of Credit the

L/C Issuer shall have received a duly completed Application for such Letter of Credit

together with any fees called for by Section 3.1, and, in the case of an extension or increase

in the amount of a Letter of Credit, a written request therefor in a form acceptable to the

L/C Issuer together with fees called for by Section 3.1; and

 (e) such Credit Event shall not violate any order, judgment or decree of any

court or other authority or any provision of law or regulation applicable to the

Administrative Agent, the L/C Issuer or any Lender (including, without limitation,

Regulation U of the Board of Governors of the Federal Reserve System) as then in effect.

Each request for a Borrowing hereunder and each request for the issuance of, increase in

the amount of, or extension of the expiration date of, a Letter of Credit shall be deemed to be a

representation and warranty by the Borrower on the date on such Credit Event as to the facts

specified in subsections (a) through (d), both inclusive, of this Section;

provided, however,

that the

Lenders may continue to make advances under the Revolving Facility, in the sole discretion of the

Lenders with Revolving Credit Commitments, notwithstanding the failure of the Borrower to

satisfy one or more of the conditions set forth above and any such advances so made shall not be

deemed a waiver of any Default or other condition set forth above that may then exist. 

Section 7.2. Initial Credit Event. 

Before or concurrently with the Initial Credit Event:

 (a) the Administrative Agent shall have received this Agreement duly executed

by the Borrower and its Wholly-owned Subsidiaries that are Domestic Subsidiaries, as

Guarantors, the L/C Issuer, and the Lenders;

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 (b) if requested by any Lender, the Administrative Agent shall have received

for such Lender such Lender’s duly executed Notes of the Borrower dated the date hereof

and otherwise in compliance with the provisions of Section 2.10;

 (c) the Administrative Agent shall have received the Reaffirmation,

Modification and Omnibus Joinder Agreement dated as of the date hereof, duly executed

by the Loan Parties, together with (i) UCC financing statements to be filed against each

Loan Party, as debtor, in favor of the Administrative Agent, as secured party, and

(ii) deposit account control agreements to the extent requested by the Administrative

Agent; 

 (d) the Administrative Agent shall have received evidence of insurance in form

and substance satisfactory to the Administrative Agent;

 (e) the Administrative Agent shall have received copies of each Loan Party’s

articles of incorporation and bylaws (or comparable organizational documents) and any

amendments thereto, certified in each instance by its Secretary or Assistant Secretary (or

comparable Responsible Officer);

 (f) the Administrative Agent shall have received copies of resolutions of each

Loan Party’s Board of Directors (or similar governing body) authorizing the execution,

delivery and performance of this Agreement and the other Loan Documents to which it is

a party and the consummation of the transactions contemplated hereby and thereby,

together with specimen signatures of the persons authorized to execute such documents on

each Loan Party’s behalf, all certified in each instance by its Secretary or Assistant

Secretary (or comparable Responsible Officer);

 (g) the Administrative Agent shall have received copies of the certificates of

good standing for each Loan Party (dated no earlier than 30 days prior to the date hereof)

from the office of the secretary of the state of its incorporation or organization;

 (h) the Administrative Agent shall have received a list of the Borrower’s

Authorized Representatives, which may be included in the certificate of the Secretary or

Assistant Secretary (or comparable Responsible Officer) referenced in Sections 7.1(e) and

(f);

 (i)

Reserved

;

 (j) the Administrative Agent shall have received the initial fees called for by

Section 3.1;

 (k) each Lender shall have received (i) audited financial statements and

unaudited monthly financial statements (including an income statement, a balance sheet,

and a cash flow statement) of the Loan Parties for the prior 3 years, including unaudited

quarterly financial statements for the period ended August 28, 2021, and 5-year projected

financial statements, certified to by a Financial Officer of the Borrower (and each Lender

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hereby acknowledges that it has received copies of each of the foregoing items); and (ii) a

certificate from a Responsible Officer of the Borrower certifying that since May 29, 2021,

no Material Adverse Effect has occurred;

 (l) the Administrative Agent shall have received financing statement, tax, and

judgment lien search results against each Loan Party and its Property evidencing the

absence of Liens thereon except as permitted by Section 8.8;

 (m) the Administrative Agent shall have received the favorable written opinion

of counsel to each Loan Party, in form and substance satisfactory to the Administrative

Agent; 

 (n) each of the Lenders shall have received, sufficiently in advance of the

Closing Date, all documentation and other information requested by any such Lender

required by bank regulatory authorities under applicable “know your customer” and

anti-money laundering rules and regulations, including without limitation, the United

States Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001))

including, without limitation, the information described in Section 13.24; and the

Administrative Agent shall have received a fully executed Internal Revenue Service Form

W-9 (or its equivalent) for the Borrower and each other Loan Party;

 (o) at least 5 days prior to the Closing Date, any Borrower that qualifies as a

“legal entity customer” under the Beneficial Ownership Regulation shall deliver a

Beneficial Ownership Certification in relation to such Borrower; and

 (p) the Administrative Agent shall have received such other agreements,

instruments, documents, certificates, and opinions as the Administrative Agent may

reasonably request. 

S

ECTION

 8. C

OVENANTS

.

Each Loan Party agrees that, so long as any credit is available to or in use by the Borrower

hereunder, except to the extent compliance in any case or cases is waived in writing pursuant to

the terms of Section 13.3.

Section 8.1. Maintenance of Business.

 (a) Each Loan Party shall, and shall cause each of its Subsidiaries to, preserve and

maintain its existence, except as otherwise provided in Section 8.10(c);

provided, however,

 that

nothing in this Section shall prevent the Borrower from dissolving any of its Subsidiaries if such

action is, in the reasonable business judgment of the Borrower, desirable in the conduct of its

business and is not disadvantageous in any material respect to the Lenders. 

 (b) Each Loan Party shall, and shall cause each of its Subsidiaries to, preserve and keep

in force and effect all licenses, permits, franchises, approvals, patents, trademarks, trade names,

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trade styles, copyrights, and other proprietary rights necessary to the proper conduct of its business

where the failure to do so could reasonably be expected to have a Material Adverse Effect.

 Section 8.2. Maintenance of Properties. 

Each Loan Party shall, and shall cause each of

its Subsidiaries to, maintain, preserve, and keep its property, plant, and equipment in good repair,

working order and condition (ordinary wear and tear excepted), and shall from time to time make

such repairs, renewals, replacements, additions, and betterments thereto as it deems appropriate in

its reasonable business judgment so that the usefulness thereof shall be preserved and maintained,

except to the extent that, in the reasonable business judgment of such Person, any such Property is

no longer necessary for the proper conduct of the business of such Person.

Section 8.3. Taxes and Assessment

s. Each Loan Party shall duly pay and discharge, and

shall cause each of its Subsidiaries to duly pay and discharge, all federal and material state, local,

and foreign Taxes, rates, assessments, fees, and governmental charges upon or against it or its

Property, in each case before the same become delinquent and before penalties accrue thereon,

unless and to the extent that the same are being contested in good faith and by appropriate

proceedings which prevent enforcement of the matter under contest and adequate reserves are

provided therefor.

Section 8.4. Insurance. 

Each Loan Party shall insure and keep insured, and shall cause

each of its Subsidiaries to insure and keep insured, with good and responsible insurance

companies, all insurable Property owned by it which is of a character usually insured by Persons

similarly situated and operating like Properties against loss or damage from such hazards and risks

(including flood insurance with respect to any improvements on real Property consisting of

building or parking facilities in an area designated by a governmental body as having special flood

hazards), and in such amounts and with such deductibles, as are insured by Persons similarly

situated and operating like Properties, but in no event at any time in an amount less than the

replacement value of the Collateral, subject to deductibles. Each Loan Party shall also maintain,

and shall cause each of its Subsidiaries to maintain, insurance with respect to the business of such

Loan Party and its Subsidiaries, covering commercial general liability, statutory worker’s

compensation and occupational disease, statutory structural work act liability, and business

interruption and such other risks with good and responsible insurance companies, in such amounts

and on such terms as the Administrative Agent or the Required Lenders shall reasonably request,

but in any event as and to the extent usually insured by Persons similarly situated and conducting

similar businesses. The Loan Parties shall in any event maintain insurance on the Collateral to the

extent required by the Collateral Documents. All such policies of insurance shall contain

satisfactory mortgagee/lender’s loss payable endorsements, naming the Administrative Agent (or

its security trustee) as mortgagee or a loss payee, assignee or additional insured, as appropriate, as

its interest may appear, and showing only such other loss payees, assignees and additional insureds

as are satisfactory to the Administrative Agent. Each policy of insurance or endorsement shall

contain a clause requiring the insurer to give not less than thirty (30) days’ (ten (10) days’ in the

case of nonpayment of insurance premiums) prior written notice to the Administrative Agent in

the event of cancellation of the policy for any reason whatsoever. The Borrower shall deliver to

the Administrative Agent (a) on the Closing Date and at such other times as the Administrative

Agent shall reasonably request, certificates evidencing the maintenance of insurance required

hereunder, (b) prior to the termination of any such policies, certificates evidencing the renewal

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thereof, and (c) promptly following request by the Administrative Agent, copies of all insurance

policies of the Loan Parties and their Subsidiaries. The Borrower also agrees to deliver to the

Administrative Agent, promptly as rendered, true copies of all reports made in any reporting forms

to insurance companies.

Section 8.5. Financial Reports. 

The Loan Parties shall, and shall cause each of their

Subsidiaries to, maintain proper books of records and accounts reasonably necessary to prepare

financial statements required to be delivered pursuant to this Section 8.5 in accordance with GAAP

and shall furnish to the Administrative Agent and each Lender:

 (a) as soon as available, and in any event no later than 45 days after the last day

of each fiscal quarter of each fiscal year of the Borrower, a copy of the consolidated balance

sheet of the Borrower and its Subsidiaries

as of the last day of such fiscal quarter and the

related consolidated statement of operations, comprehensive income (loss), shareholder’s

equity, and cash flows of the Borrower and its Subsidiaries for the fiscal quarter and for

the fiscal year-to-date period then ended, each in reasonable detail showing in comparative

form the figures for the corresponding date and period in the previous fiscal year, prepared

by the Borrower in accordance with GAAP (subject to the absence of footnote disclosures

and year-end audit adjustments) and certified to by a Financial Officer of the Borrower;

 (b) as soon as available, and in any event no later than 90 days after the last day

of each fiscal year of the Borrower, a copy of the consolidated balance sheet of the

Borrower and its Subsidiaries as of the last day of the fiscal year then ended and the related

consolidated statement of operations, comprehensive income (loss), shareholder’s equity,

and cash flows of the Borrower and its Subsidiaries for the fiscal year then ended, and

accompanying notes thereto, each in reasonable detail showing in comparative form the

figures for the previous fiscal year, accompanied in the case of the consolidated financial

statements by an unqualified opinion of Frost, PLLC or another firm of independent public

accountants of recognized standing, selected by the Borrower and reasonably satisfactory

to the Administrative Agent, to the effect that the consolidated financial statements have

been prepared in accordance with GAAP and present fairly in all material respects in

accordance with GAAP the consolidated financial condition of the Borrower and its

Subsidiaries as of the close of such fiscal year and the results of their operations for the

fiscal year then ended and that an examination of such accounts in connection with such

financial statements has been made in accordance with generally accepted auditing

standards and, accordingly, such examination included such tests of the accounting records

and such other auditing procedures as were considered necessary in the circumstances; 

 (c) promptly after receipt thereof, any additional written reports, management

letters or other detailed information contained in writing concerning significant aspects of

any Loan Party’s or any of its Subsidiary’s operations and financial affairs given to it by

its independent public accountants;

 (d) promptly after the sending or filing thereof, copies of each financial

statement, report, notice or proxy statement sent by any Loan Party or any Subsidiary of a

Loan Party to its stockholders or other equity holders, and copies of each regular, periodic

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or special report, registration statement or prospectus (including all Form 10-K, Form 10-Q

and Form 8-K reports) filed by any Loan Party or any Subsidiary of a Loan Party with any

securities exchange or the SEC or any successor agency;

 (e) promptly after receipt thereof, a copy of any financial audit report made by

any regulatory agency of the books and records of any Loan Party or any Subsidiary of a

Loan Party that gives notice of any noncompliance with any applicable law, regulation or

guideline relating to any Loan Party or any Subsidiary of a Loan Party or their respective

business which could reasonably be expected to have a Material Adverse Effect; 

 (f) as soon as available, and in any event no later than 45 days after the end of

each fiscal year of the Borrower, a copy of the consolidated and consolidating business

plan for the Borrower and its Subsidiaries for the following fiscal year, such business plan

to show the projected consolidated and consolidating revenues, expenses and balance sheet

of the Borrower and its Subsidiaries on a quarter-by-quarter basis, such business plan to be

in reasonable detail prepared by the Borrower and in form satisfactory to the

Administrative Agent (which shall include a summary of all assumptions made in

preparing such business plan);

 (g) notice of any Change of Control; 

 (h) promptly after knowledge thereof shall have come to the attention of any

Responsible Officer of any Loan Party, written notice of (i) any threatened or pending

litigation or governmental or arbitration proceeding or labor controversy against any Loan

Party or any Subsidiary of a Loan Party or any of their Property which, if adversely

determined, could reasonably be expected to have a Material Adverse Effect and would

require disclosure in a report to be filed with the SEC under the Exchange Act, (ii) the

occurrence of any Material Adverse Effect, or (iii) the occurrence of any Default; 

 (i) with each of the financial statements delivered pursuant to subsections (a)

and (b) above, a written certificate in the form attached hereto as Exhibit E signed by a

Financial Officer of the Borrower to the effect that to the best of such officer’s knowledge

and belief no Default has occurred during the period covered by such statements or, if any

such Default has occurred during such period, setting forth a description of such Default

and specifying the action, if any, taken by the relevant Loan Party or its Subsidiary to

remedy the same. Such certificate shall also set forth the calculations supporting such

statements in respect of Section 8.22

(Financial Covenants); 

 (j)

Reserved

; and

 (k) promptly, from time to time, such other information regarding the

operations, business affairs and financial condition of any Loan Party or any Subsidiary of

a Loan Party, or compliance with the terms of any Loan Document, as the Administrative

Agent or any Lender may reasonably request.

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Section 8.6. Inspection; Field Audits

. Each Loan Party shall, and shall cause each of its

Subsidiaries to, permit the Administrative Agent and each Lender, and each of their duly

authorized representatives and agents to visit and inspect any of its Property, corporate books, and

financial records, to examine and make copies of its books of accounts and other financial records,

and to discuss its affairs, finances, and accounts with, and to be advised as to the same by, its

officers, employees and independent public accountants (and by this provision the Loan Parties

hereby authorize such accountants to discuss with the Administrative Agent and such Lenders the

finances and affairs of the Loan Parties and their Subsidiaries) at such reasonable times and

intervals as the Administrative Agent or any such Lender may designate and, so long as no Default

exists, with reasonable prior notice to the Borrower and compliance with the Borrower’s

customary on-site policies applicable to visitors (bio-security, etc.). The Borrower shall pay to the

Administrative Agent charges for field audits of the Collateral, inspections and visits to Property,

inspections of corporate books and financial records, examinations and copies of books of accounts

and financial record and other activities permitted in this Section performed by the Administrative

Agent or its agents or third party firms, in such amounts as the Administrative Agent may from

time to time request (the Administrative Agent acknowledging and agreeing that any internal

charges for such audits and inspections shall be computed in the same manner as it at the time

customarily uses for the assessment of charges for similar collateral audits);

provided, however,

that in the absence of any Default, the Borrower shall not be required to pay the Administrative

Agent for more than one (1) such audit per calendar year.

Section 8.7.

Borrowings and Guaranties. 

No Loan Party shall, nor shall it permit any of

its Subsidiaries to, issue, incur, assume, create or have outstanding any Indebtedness, or incur

liabilities under any Hedging Agreement, or be or become liable as endorser, guarantor, surety or

otherwise for any Indebtedness or undertaking of any Person, or otherwise agree to provide funds

for payment of the obligations of another, or supply funds thereto or invest therein or otherwise

assure a creditor of another against loss, or apply for or become liable to the issuer of a letter of

credit which supports an obligation of another, or subordinate any claim or demand it may have to

the claim or demand of any Person;

provided, however,

 that the foregoing shall not restrict nor

operate to prevent:

 (a) the Secured Obligations

of the Loan Parties and their Subsidiaries owing to

the Administrative Agent and the Lenders (and their Affiliates);

 (b) purchase money indebtedness and Capitalized Lease Obligations of the

Loan Parties and their Subsidiaries in an amount not to exceed $20,000,000 in the

aggregate at any one time outstanding;

 (c) obligations of the Loan Parties and their Subsidiaries arising out of interest

rate, foreign currency, and commodity Hedging Agreements entered into with financial

institutions in connection with bona fide hedging activities in the ordinary course of

business and not for speculative purposes;

 (d) endorsement of items for deposit or collection of commercial paper received

in the ordinary course of business; 

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 (e) intercompany advances from time to time owing between any of the Loan

Parties and/or any of their Subsidiaries in the ordinary course of business, provided that

the aggregate amount of all such intercompany advances made to Subsidiaries of a Loan

Party that are not Loan Parties or Subsidiaries of a Loan Party that are not Wholly-owned

Subsidiaries shall not exceed an aggregate amount of $20,000,000 during any fiscal year

of the Borrower;

 (f) existing Indebtedness set forth on Schedule 8.7 hereto;

 (g) Indebtedness owed to any Person providing workers’ compensation, health,

disability or other employee benefits (including contractual and statutory benefits) or

property, casualty, liability or credit insurance, pursuant to reimbursement or

indemnification obligations to such Person, in each case incurred in the ordinary course of

business;

 (h) Indebtedness in respect of bids, trade contracts (other than for debt for

borrowed money), leases (other than Capitalized Lease Obligations), statutory obligations,

surety, stay, customs and appeal bonds, performance, performance and completion and

return of money bonds, government contracts and similar obligations, in each case,

provided in the ordinary course of business;

 (i) Indebtedness in respect of netting services, overdraft protection and similar

arrangements, in each case, in connection with cash management and deposit accounts;

 (j) Indebtedness representing deferred compensation to directors, officers,

employees of any Loan Party or any Subsidiary of a Loan Party incurred in the ordinary

course of business; and 

 (k) Indebtedness consisting of the financing of insurance premiums in the

ordinary course of business; 

 (l) Guarantees by a Loan Party of Indebtedness of another Loan Party

otherwise permitted under this Section;

 (m) Indebtedness arising from agreements of a Loan Party or its Subsidiary

providing for indemnification, adjustment of purchase or acquisition price or similar

obligations, in each case, incurred or assumed in connection with a Permitted Acquisition; 

 (n) Indebtedness of any Person that becomes a Subsidiary after the Closing

Date and Indebtedness acquired or assumed in connection with Permitted Acquisitions, in

an amount not to exceed $50,000,000 in the aggregate at any one time outstanding,

provided

 that such Indebtedness exists at the time the Person becomes a Subsidiary or at

the time of such Permitted Acquisition and is not created in contemplation of or in

connection therewith; 

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 (o) replacements, renewals, re-financings or extensions of any Indebtedness

described in this Section that (i) does not exceed the aggregate principal amount (plus

accrued interest and applicable premium and associated fees and expenses) of the

Indebtedness being replaced, renewed, refinanced or extended, (ii) does not have a

weighted average life to maturity at the time of such replacement, renewal, refinancing or

extension that is less than the weighted average life to maturity of the Indebtedness being

replaced, renewed, refinanced or extended, and (iii) does not rank at the time of such

replacement, renewal, refinancing or extension senior to the Indebtedness being replaced,

renewed, refinanced or extended; 

 (p) unsecured indebtedness of the Loan Parties and their Subsidiaries not

otherwise permitted by this Section in an amount not to exceed $400,000,000 in the

aggregate at any one time outstanding; and

 (q) indebtedness secured by Property of the Loan Parties and their Subsidiaries

(other than the Collateral) in an amount not to exceed $200,000,000 in the aggregate at any

one time outstanding.

Section 8.8. Liens. 

No Loan Party shall, nor shall it permit any of its Subsidiaries to,

create, incur or permit to exist any Lien of any kind on any Property owned by any such Person;

provided, however,

 that the foregoing shall not apply to nor operate to prevent:

 (a) Liens arising by statute in connection with worker’s compensation,

unemployment insurance, old age benefits, social security obligations, Taxes, assessments,

statutory obligations or other similar charges (other than Liens arising under ERISA), good

faith cash deposits in connection with tenders, contracts or leases to which any Loan Party

or any Subsidiary of a Loan Party is a party or other cash deposits required to be made in

the ordinary course of business, provided in each case that the obligation is not for

borrowed money and that the obligation secured is not overdue or, if overdue, is being

contested in good faith by appropriate proceedings which prevent enforcement of the

matter under contest and adequate reserves have been established therefor;

 (b) mechanics’, workmen’s, materialmen’s, landlords’, carriers’ or other

similar Liens arising in the ordinary course of business with respect to obligations which

are not due or which are being contested in good faith by appropriate proceedings which

prevent enforcement of the matter under contest;

 (c) judgment liens and judicial attachment liens not constituting an Event of

Default under Section 9.1(g) and the pledge of assets for the purpose of securing an appeal,

stay or discharge in the course of any legal proceeding, provided that the aggregate amount

of such judgment liens and attachments and liabilities of the Loan Parties and their

Subsidiaries secured by a pledge of assets permitted under this subsection, including

interest and penalties thereon, if any, shall not be in excess of $25,000,000 at any one time

outstanding; 

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 (d) Liens on equipment of any Loan Party or any Subsidiary of a Loan Party

created solely for the purpose of securing indebtedness permitted by Section 8.7(b),

representing or incurred to finance the purchase price of such Property, provided that no

such Lien shall extend to or cover other Property of such Loan Party or such Subsidiary

other than the respective Property so acquired, and the principal amount of indebtedness

secured by any such Lien shall at no time exceed the purchase price of such Property, as

reduced by repayments of principal thereon;

 (e) any interest or title of a lessor under any operating lease, including the filing

of Uniform Commercial Code financing statements solely as a precautionary measure in

connection with operating leases entered into by any Loan Party or any Subsidiary of a

Loan Party in the ordinary course of its business;

 (f) easements, rights-of-way, restrictions, zoning restrictions and other similar

encumbrances against real property incurred in the ordinary course of business which, in

the aggregate, are not substantial in amount and which do not materially detract from the

value of the Property subject thereto or materially interfere with the ordinary conduct of

the business of any Loan Party or any Subsidiary of a Loan Party; 

 (g) bankers’ Liens, rights of setoff and other similar Liens (including under

Section 4-210 of the Uniform Commercial Code) in one or more deposit accounts

maintained by any Loan Party or any Subsidiary of a Loan Party, in each case granted in

the ordinary course of business in favor of the bank or banks with which such accounts are

maintained, securing amounts owing to such bank with respect to cash management and

operating account arrangements, including those involving pooled accounts and netting

arrangements;

provided

 that, unless such Liens are non-consensual and arise by operation

of law, in no case shall any such Liens secure (either directly or indirectly) the repayment

of any Indebtedness;

 (h) Liens granted in favor of the Administrative Agent pursuant to the

Collateral Documents.

 (i) non-exclusive licenses of intellectual property granted in the ordinary

course of business and not interfering in any material respect with the ordinary conduct of

business of any Loan Party or any Subsidiary of a Loan Party;

 (j) Liens on insurance policies and the proceeds thereof securing the financing

of the premiums with respect thereto permitted by Section 8.7(k);

 (k) Liens (i) on cash advances in favor of the seller of any Property to be

acquired in a Permitted Acquisition to be applied against the purchase price for such

Property, or (ii) consisting of an agreement to dispose of any Property in a disposition

permitted under Section 8.10, in each case, solely to the extent such Acquisition or

disposition, as the case may be, would have been permitted on the date of the creation of

such Lien;

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 (l) Liens on Property of a Person existing at the time such Person is acquired

or merged with or into or consolidated with any Loan Party or any Subsidiary of a Loan

Party to the extent permitted hereunder (and not created in anticipation or contemplation

thereof) and securing Indebtedness permitted under Section 8.7(n);

provided

 that such

Liens do not extend to Property not subject to such Liens at the time of acquisition and are

no more favorable to the lienholders than such existing Lien;

 (m) Liens encumbering any Property (other than the Collateral) to secure or

support obligations under or in respect of interest rate, foreign currency, and commodity

Hedging Agreements entered into with financial institutions in connection with bona fide

hedging activities in the ordinary course of business and not for speculative purposes; 

 (n) other Liens existing on the Closing Date and not otherwise permitted above

listed and identified on Schedule 8.8; 

 (o) contracted or statutory liens of landlords to the extent relating to the

property and assets relating to any lease agreement with such landlord and contractual

Liens of suppliers (including sellers of goods) or customers granted in the ordinary course

of business to the extent limited to the property or assets related to such contract;

 (p) Liens on Property of a Person (other than the Collateral) for the purpose of

securing indebtedness permitted by Section 8.7(q) and which do not encumber any

Collateral; and

 (q) other Liens not otherwise permitted in subsections (a)-(p) above granted

with respect to obligations that do not in the aggregate exceed $10,000,000 at any time

outstanding, and which do not encumber any Collateral.

Section 8.9. Investments, Acquisitions, Loans and Advances

. No Loan Party shall, nor

shall it permit any of its Subsidiaries to, directly or indirectly, make, retain or have outstanding

any investments (whether through purchase of stock or obligations or otherwise) in, or loans or

advances to (other than for travel advances and other similar cash advances made to employees in

the ordinary course of business), any other Person, or acquire all or any substantial part of the

assets or business of any other Person or division thereof;

provided, however,

 that the foregoing

shall not apply to nor operate to prevent:

 (a) Cash Equivalents and Marketable Securities;

 (b) the Loan Parties’ existing investments in their respective Subsidiaries

outstanding on the Closing Date; 

 (c) intercompany advances made from time to time between any Loan Party or

Subsidiary of any Loan Party and any other Loan Party or Subsidiary of any Loan Party in

the ordinary course of business, provided that the aggregate amount of all such

intercompany advances made to Subsidiaries of a Loan Party that are not Loan Parties or

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Subsidiaries of a Loan Party that are not Wholly-owned Subsidiaries shall not exceed an

aggregate amount of $20,000,000 during any fiscal year of the Borrower; 

 (d) investments by any Loan Party and its Subsidiaries in connection with

interest rate, foreign currency, and commodity Hedging Agreements entered into with

financial institutions in connection with bona fide hedging activities in the ordinary course

of business and not for speculative purposes;

 (e) promissory notes and other non-cash consideration received in connection

with dispositions permitted by Section 8.10;

 (f) investments (including debt obligations and equity interests) received in

connection with the bankruptcy or reorganization of suppliers and customers and in

settlement of delinquent obligations of, and other disputes with, customers and suppliers

arising in the ordinary course of business and upon the foreclosure with respect to any

secured investment or other transfer of title with respect to any secured investment;

 (g) Permitted Acquisitions; 

 (h) purchases of assets in the ordinary course of business;

 (i) deposits made in the ordinary course of business to secure performance of

leases or other obligations as permitted by Section 8.8;

 (j) other investments existing on the Closing Date not otherwise permitted

above and listed and identified on Schedule 8.9;

 (k) investments in joint ventures in an amount not to exceed $30,000,000 at any

time outstanding, provided that (i) no Default exists both immediately before and after

giving effect to such investment, (ii) after giving pro forma effect to such investment, the

Borrower and its Subsidiaries are in compliance with Section 8.22, and (iii) cash and Cash

Equivalents of the Borrower and its Subsidiaries plus availability under the Revolving

Facility shall equal at least $50,000,000; and

 (l) other investments, loans, and advances in addition to those otherwise

permitted by this Section in an amount not to exceed $25,000,000 in the aggregate at any

one time outstanding.

In determining the amount of investments, acquisitions, loans, and advances permitted under this

Section, investments and acquisitions shall always be taken at the original cost thereof (regardless

of any subsequent appreciation or depreciation therein), less any amount in respect of such

investment upon sale, collection or return (not to exceed the original cost thereof) and loans and

advances shall be taken at the principal amount thereof then remaining unpaid.

Section 8.10. Mergers, Consolidations and Sales. 

No Loan Party shall, nor shall it permit

any of its Subsidiaries to, be a party to any merger or consolidation or amalgamation, or sell,

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transfer, lease or otherwise dispose of all or any material part of its Property, including any

disposition of Property as part of a sale and leaseback transaction, or in any event sell or discount

(with or without recourse) any of its notes or accounts receivable;

provided, however,

 that this

Section shall not apply to nor operate to prevent:

 (a) the sale or lease of inventory in the ordinary course of business;

 (b) the sale, transfer, lease or other disposition of Property of any Loan Party to

one another in the ordinary course of its business; 

 (c) the merger of any Loan Party or any Subsidiary of a Loan Party with and

into the Borrower or any other Loan Party, provided that, in the case of any merger

involving the Borrower or involving a Subsidiary of a Loan Party which is not a Loan

Party, the Borrower, if the Borrower is a party to the merger, or a Loan Party, if the

Borrower is not a party to the merger, is the corporation surviving the merger;

 (d) the sale of delinquent notes or accounts receivable in the ordinary course of

business for purposes of collection only (and not for the purpose of any bulk sale or

securitization transaction);

 (e) the sale, transfer or other disposition of any tangible personal property that,

in the reasonable business judgment of the relevant Loan Party or its Subsidiary, has

become obsolete or worn out, and which is disposed of in the ordinary course of business; 

 (f) the Disposition of Property of any Loan Party or any Subsidiary of a Loan

Party (including any Disposition of Property as part of a sale and leaseback transaction)

aggregating for all Loan Parties and their Subsidiaries not more than $30,000,000 during

any fiscal year of the Borrower,

provided

 that (i) each such Disposition shall be made for

fair value and (ii) at least 80% of the total consideration received at the closing of such

Disposition shall consist of cash and at least 80% of the total consideration received after

taking into account all final purchase price adjustments and/or contingent payments

(including working capital adjustment or earn-out provisions) expressly contemplated by

the transaction documents, when received shall consist of cash; and

 (g) the sale or other Disposition of marketable securities in the ordinary course

of business.

Section 8.11. Maintenance of Subsidiaries. 

No Loan Party shall assign, sell or transfer, nor

shall it permit any of its Subsidiaries to issue, assign, sell or transfer, any shares of capital stock or

other equity interests of a Subsidiary;

provided, however,

 that the foregoing shall not operate to

prevent (a) the issuance, sale, and transfer to any person of any shares of capital stock of a

Subsidiary solely for the purpose of qualifying, and to the extent legally necessary to qualify, such

person as a director of such Subsidiary, (b) any transaction permitted by Section 8.10(c) above,

and (c) the issuance of shares of the Borrower’s capital stock pursuant to the Borrower’s KSOP,

or (d) any Excluded Equity Issuances.

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Section 8.12. Dividends and Certain Other Restricted Payments. 

No Loan Party shall, nor

shall it permit any of its Subsidiaries to, (a) declare or pay any dividends on or make any other

distributions in respect of any class or series of its capital stock or other equity interests (other than

dividends or distributions payable solely in its capital stock or other equity interests), or (b) directly

or indirectly purchase, redeem, or otherwise acquire or retire any of its capital stock or other equity

interests or any warrants, options, or similar instruments to acquire the same (collectively referred

to herein as

“Restricted Payments”

);

provided, however,

 that the foregoing shall not operate to

prevent:

 (i) the making of dividends or distributions by any Subsidiary to the Borrower;

 (ii) other Restricted Payments made in compliance with the Borrower’s

dividend policy as in effect on the Closing Date or any employee stock option plans or

employee incentive plans or other compensation arrangements, or SAR plans; provided

that no Default exists or will arise after giving effect to such other Restricted Payment; and

 (iii) other Restricted Payments, provided that, both immediately before and after

giving effect to such Restricted Payment (A) no Default has occurred and is continuing and

(B) the sum of cash and Cash Equivalents of the Borrower and its Subsidiaries plus

availability under the Revolving Facility shall equal at least $50,000,000.

Section 8.13. ERISA. 

Each Loan Party shall, and shall cause each of its Subsidiaries to,

promptly pay and discharge all obligations and liabilities arising under ERISA of a character which

if unpaid or unperformed could reasonably be expected to result in the imposition of a Lien against

any of its Property, unless being contested in good faith by appropriate proceedings which prevents

the enforcement of any Lien with respect thereto. Each Loan Party shall, and shall cause each of

its Subsidiaries to, promptly notify the Administrative Agent and each Lender of: (a) the

occurrence of any reportable event (as defined in ERISA) with respect to a Plan, which individually

or in the aggregate, could reasonably be expected to result in a Material Adverse Effect, (b) receipt

of any notice from the PBGC of its intention to seek termination of any Plan or appointment of a

trustee therefor, (c) its intention to terminate or withdraw from any Plan, and (d) the occurrence of

any event with respect to any Plan which would result in the incurrence by any Loan Party or any

Subsidiary of a Loan Party of any material liability, fine or penalty, or any material increase in the

contingent liability of any Loan Party or any Subsidiary of a Loan Party with respect to any

post-retirement Welfare Plan benefit, which individually or in the aggregate, could reasonably be

expected to result in a Material Adverse Effect.

Section 8.14. Compliance with Laws. 

(a) Each Loan Party shall, and shall cause each of its

Subsidiaries to, comply in all respects with all Legal Requirements applicable to or pertaining to

its Property or business operations, where any such non-compliance, individually or in the

aggregate, could reasonably be expected to have a Material Adverse Effect or result in a Lien upon

any of its Property.

 (b) Without limiting Section 8.14(a) above, each Loan Party shall, and shall cause each

of its Subsidiaries to, at all times, do the following to the extent the failure to do so, individually

or in the aggregate, could reasonably be expected to have a Material Adverse Effect: (i) comply

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in all material respects with, and maintain each of the Premises in compliance in all material

respects with, all applicable Environmental Laws; (ii) require that each tenant and subtenant, if

any, of any of the Premises or any part thereof comply in all material respects with all applicable

Environmental Laws; (iii) obtain and maintain in full force and effect all material governmental

approvals required by any applicable Environmental Law for the operation of their business and

each of the Premises; (iv) cure any material violation by it or at any of the Premises of applicable

Environmental Laws unless and except to the extent being contested in good faith by appropriate

proceedings which prevents the enforcement of any Lien with respect thereto; (v) not

manufacture, use, generate, transport, treat, store, Release, dispose or handle any Hazardous

Material (or allow any tenant or subtenant to do any of the foregoing) at any of the Premises except

in the ordinary course of its live animal agricultural business and in material compliance with all

applicable Environmental Laws; (vi) within ten (10) Business Days notify the Administrative

Agent in writing and provide the disclosure filing made by the Borrower with the SEC of any of

the following in connection with any Loan Party or any Subsidiary of a Loan Party or any of the

Premises which would be required to be disclosed in an 8-K or 10-Q filing with the SEC: (1) any

Environmental Liability; (2) any Environmental Claim; or (3) any violation of an Environmental

Law or Release, threatened Release or disposal, placement or land application of a Hazardous

Material, product, or waste, including manure, that is not in compliance with applicable

Environmental Laws; or (4) any restriction on the ownership, occupancy, use or transferability of

any Premises arising from or in connection with any (x) Release, threatened Release or disposal

of a Hazardous Material, waste or product, including manure, or (y) Environmental Law;

(vii) conduct at its expense any investigation, study, sampling, testing, abatement, cleanup,

removal, remediation or other corrective or response action necessary to remove, remediate, clean

up, correct or abate any material Release, threatened material Release or material violation of any

applicable Environmental Law unless and except to the extent being contested in good faith by

appropriate proceedings which prevents the enforcement of any Lien with respect thereto,

(viii) abide by and observe any restrictions on the use of the Premises imposed by any

Governmental Authority as set forth in a deed or other instrument affecting any Loan Party’s or

any of its Subsidiary’s interest therein unless being contested in good faith by appropriate

proceedings which prevents the enforcement of any Lien with respect thereto; (ix) promptly

provide or otherwise make available to the Administrative Agent any reasonably requested

environmental record concerning the Premises which any Loan Party or any Subsidiary of a Loan

Party possesses or controls other than records subject to work product or attorney-client or other

confidentiality privilege pursuant to applicable law; and (x) perform, satisfy, and implement any

operation, maintenance or corrective actions or other requirements of any Governmental Authority

or Environmental Law, or included in any no further action letter or covenant not to sue issued by

any Governmental Authority under any Environmental Law unless and except to the extent being

contested in good faith by appropriate proceedings which prevents the enforcement of any Lien

with respect thereto.

Section 8.15. Compliance with OFAC Sanctions Programs and Anti-Corruption Laws. 

(a) Each Loan Party shall at all times comply in all material respects with the requirements of all

OFAC Sanctions Programs applicable to such Loan Party and shall cause each of its Subsidiaries

to comply in all material respects with the requirements of all OFAC Sanctions Programs

applicable to such Subsidiary.

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 (b) Each Loan Party shall provide the Administrative Agent and the Lenders any

information regarding the Loan Parties, their Affiliates, and their Subsidiaries necessary for the

Administrative Agent and the Lenders to comply with all applicable OFAC Sanctions Programs;

subject however, in the case of Affiliates, to such Loan Party’s ability to provide information

applicable to them. 

 (c) If any Loan Party obtains actual knowledge or receives any written notice that any

Loan Party, any Subsidiary of any Loan Party, or any officer, director or Affiliate of any Loan

Party or that any Person that owns or controls any such Person is the target of any OFAC Sanctions

Programs or is located, organized or resident in a country or territory that is, or whose government

is, the subject of any OFAC Sanctions Programs (such occurrence, an

“OFAC Event”

), such Loan

Party shall promptly (i) give written notice to the Administrative Agent and the Lenders of such

OFAC Event, and (ii) comply in all material respects with all applicable laws with respect to such

OFAC Event (regardless of whether the target Person is located within the jurisdiction of the

United States of America), including the OFAC Sanctions Programs, and each Loan Party hereby

authorizes and consents to the Administrative Agent and the Lenders taking any and all steps the

Administrative Agent or the Lenders deem necessary, in their sole but reasonable discretion, to

avoid violation of all applicable laws with respect to any such OFAC Event, including the

requirements of the OFAC Sanctions Programs (including the freezing and/or blocking of assets

and reporting such action to OFAC).

 (d) No Loan Party will, directly or, to any Loan Party’s knowledge, indirectly, use the

proceeds of the Revolving Facility of an Incremental Term Loan (if any), or lend, contribute or

otherwise make available such proceeds to any other Person, (i) to fund any activities or business

of or with any Person or in any country or territory, that, at the time of such funding, is, or whose

government is, the subject of any OFAC Sanctions Programs, or (ii) in any other manner that

would result in a violation of OFAC Sanctions Programs or Anti-Corruption Laws by any Person

(including any Person participating in the Revolving Facility or any Incremental Term Loan,

whether as underwriter, lender, advisor, investor, or otherwise).

 (e) No Loan Party will, nor will it permit any Subsidiary to, violate any Anti-Corruption

Law in any material respect.

 (f) Each Loan Party will maintain in effect policies and procedures designed to ensure

compliance by the Loan Parties, their Subsidiaries, and their respective directors, officers,

employees, and agents with applicable Anti-Corruption Laws.

Section 8.16. Burdensome Contracts With Affiliates.

 No Loan Party shall, nor shall it

permit any of its Subsidiaries to, enter into any material contract, agreement or business

arrangement with any of its Affiliates on terms and conditions which are less favorable to such

Loan Party or such Subsidiary than would be usual and customary in similar contracts, agreements

or business arrangements between Persons not affiliated with each other;

provided

that the

foregoing restriction shall not apply to transactions between or among the Loan Parties.

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Section 8.17. No Changes in Fiscal Year.

 The fiscal year of the Borrower and its

Subsidiaries ends on or about May 31 of each year; and the Borrower shall not, nor shall it permit

any Subsidiary to, change its fiscal year from its present basis.

Section 8.18. Formation of Subsidiaries.

 Promptly upon the formation or acquisition of

any Subsidiary, the Loan Parties shall provide the Administrative Agent and the Lenders notice

thereof (at which time Schedule 6.2 shall be deemed amended to include reference to such

Subsidiary. The Loan Parties shall, and shall cause their Wholly-owned Subsidiaries that are

Domestic Subsidiaries to, timely comply with the requirements of Sections 11 and 12

with respect

to any Subsidiary that is required to become a Guarantor hereunder. 

Section 8.19. Change in the Nature of Business. 

No Loan Party shall, nor shall it permit

any of its Subsidiaries to, engage in any business or activity if as a result the general nature of the

business of such Loan Party or any of its Subsidiaries would be changed in any material respect

from the general nature of the business engaged in by it as of the Closing Date or an Eligible Line

of Business.

Section 8.20. Use of Proceeds

. The Borrower shall use the credit extended under this

Agreement solely for the purposes set forth in, or otherwise permitted by, Section 6.4.

Section 8.21. No Restrictions

. Except as provided herein or exist as of the date hereof, no

Loan Party shall, nor shall it permit any of its Wholly-owned Subsidiaries to, directly or indirectly

create or otherwise cause or suffer to exist or become effective any consensual encumbrance or

restriction of any kind on the ability of any Loan Party or any Wholly-owned Subsidiary of a Loan

Party to: (a) pay dividends or make any other distribution on any such Subsidiary’s capital stock

or other equity interests owned by such Loan Party or any of its Wholly-owned Subsidiaries,

(b) pay any indebtedness owed to any Loan Party or any of its Wholly-owned Subsidiaries,

(c) make loans or advances to any Loan Party or any of its Wholly-owned Subsidiaries, (d) transfer

any of its Property to any Loan Party or any of its Wholly-owned Subsidiaries, or (e) guarantee

the Secured Obligations and/or grant Liens on its assets to the Administrative Agent as required

by the Loan Documents.

Section 8.22. Financial Covenants.

 (a)

Total Funded Debt to Capitalization Ratio

. As of the last day of each fiscal quarter

of the Borrower ending on or after November 27, 2021, the Borrower shall not permit the Total

Funded Debt to Capitalization Ratio to be greater than 50.0%.

 (b)

Minimum Tangible Net Worth

. The Borrower shall not permit Tangible Net Worth

to be less than (i) $700,000,000 for the fiscal quarter ended November 27, 2021, plus (ii) for each

fiscal quarter ending thereafter, 50% of Net Income for such fiscal quarter (if Net Income is

positive) less Restricted Payments permitted to be made pursuant to Section 8.12 during such fiscal

quarter.

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S

ECTION

 9. E

VENTS OF

D

EFAULT AND

R

EMEDIES

.

Section 9.1.

Events of Default.

 Any one or more of the following shall constitute an

“Event of Default”

 hereunder:

 (a) default for a period of five (5) days in the payment when due of all or any

part of the principal of any Loan (whether at the stated maturity thereof or at any other time

provided for in this Agreement) or of any Reimbursement Obligation, or default for a

period of five (5) Business Days in the payment when due of any interest,

fee or other

Obligation payable hereunder or under any other Loan Document; 

 (b) default in the observance or performance of any covenant set forth in

Sections 8.1(a), 8.10, 8.12, 8.17, 8.20 or 8.22 of this Agreement;

 (c) default in the observance or performance of any other provision hereof or

of any other Loan Document which is not remedied within thirty (30) days after the earlier

of (i) the date on which such failure shall first become known to any Responsible Officer

of any Loan Party or (ii) written notice thereof is given to the Borrower by the

Administrative Agent; 

 (d) any representation or warranty made herein or in any other Loan Document

or in any certificate furnished to the Administrative Agent or the Lenders pursuant hereto

or thereto or in connection with any transaction contemplated hereby or thereby proves

untrue in any material respect as of the date of the issuance or making or deemed making

thereof; 

 (e) (i) any event occurs or condition exists (other than those described in

subsections (a) through (d) above) which is specified as an event of default under any of

the other Loan Documents, or (ii) any of the Loan Documents shall for any reason not be

or shall cease to be in full force and effect or is declared to be null and void, or (iii) any of

the Collateral Documents shall for any reason fail to create a valid and perfected first

priority Lien in favor of the Administrative Agent in any Collateral purported to be covered

thereby except as expressly permitted by the terms hereof, or (iv) any Loan Party takes any

action for the purpose of terminating, repudiating or rescinding any Loan Document

executed by it or any of its obligations thereunder;

 (f) default shall occur under any Material Indebtedness issued, assumed or

guaranteed by any Loan Party or any Subsidiary of a Loan Party, or under any indenture,

agreement or other instrument under which the same may be issued, and such default shall

continue for a period of time sufficient to permit the acceleration of the maturity of any

such Material Indebtedness (whether or not such maturity is in fact accelerated), or any

such Material Indebtedness shall not be paid when due (whether by demand, lapse of time,

acceleration or otherwise);

 (g) (i) any judgment or judgments, writ or writs or warrant or warrants of

attachment, or any similar process or processes, shall be entered or filed against any Loan

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Party or any Subsidiary of a Loan Party, or against any of their respective Property, in an

aggregate amount for all such Persons in excess of $25,000,000 (except to the extent fully

covered by insurance pursuant to which the insurer has accepted liability therefor in

writing), and which remains undischarged, unvacated, unbonded or unstayed for a period

of 30 days, or any action shall be legally taken by a judgment creditor to attach or levy

upon any Property of any Loan Party or any Subsidiary of a Loan Party to enforce any such

judgment, or (ii) any Loan Party or any Subsidiary of a Loan Party shall fail within

thirty (30) days to discharge one or more non-monetary judgments or orders which,

individually or in the aggregate, could reasonably be expected to have a Material Adverse

Effect, which judgments or orders, in any such case, are not stayed on appeal or otherwise

being appropriately contested in good faith by proper proceedings diligently pursued; 

 (h) any Loan Party or any Subsidiary of a Loan Party, or any member of its

Controlled Group, shall fail to pay when due an amount or amounts aggregating for all

such Persons in excess of $20,000,000 which it shall have become liable to pay to the

PBGC or to a Plan under Title IV of ERISA; or notice of intent to terminate a Plan or Plans

having aggregate Unfunded Vested Liabilities in excess of $20,000,000 (collectively, a

“Material Plan”

) shall be filed under Title IV of ERISA by any Loan Party or any

Subsidiary of a Loan Party, or any other member of its Controlled Group, any plan

administrator or any combination of the foregoing; or the PBGC shall institute proceedings

under Title IV of ERISA to terminate or to cause a trustee to be appointed to administer

any Material Plan or a proceeding shall be instituted by a fiduciary of any Material Plan

against any Loan Party or any Subsidiary of a Loan Party, or any member of its Controlled

Group, to enforce Section 515 or 4219(c)(5) of ERISA and such proceeding shall not have

been dismissed within ninety (90) days thereafter; or a condition shall exist by reason of

which the PBGC would be entitled to obtain a decree adjudicating that any Material Plan

must be terminated; 

 (i) any Change of Control shall occur;

 (j) any Loan Party or any Subsidiary of a Loan Party shall (i) have entered

involuntarily against it an order for relief under the United States Bankruptcy Code, as

amended, (ii) not pay, or admit in writing its inability to pay, its debts generally as they

become due, (iii) make an assignment for the benefit of creditors, (iv) apply for, seek,

consent to or acquiesce in, the appointment of a receiver, custodian, trustee, examiner,

liquidator or similar official for it or any substantial part of its Property, (v) institute any

proceeding seeking to have entered against it an order for relief under the United States

Bankruptcy Code, as amended, to adjudicate it insolvent, or seeking dissolution, winding

up, liquidation, reorganization, arrangement, adjustment or composition of it or its debts

under any law relating to bankruptcy, insolvency or reorganization or relief of debtors or

fail to file an answer or other pleading denying the material allegations of any such

proceeding filed against it, (vi) take any corporate or similar action in furtherance of any

matter described in parts (i) through (v) above, or (vii) fail to contest in good faith any

appointment or proceeding described in Section 9.1(k); or

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 (k) a custodian, receiver, trustee, examiner, liquidator or similar official shall

be appointed for any Loan Party or any Subsidiary of a Loan Party, or any substantial part

of any of its Property, or a proceeding described in Section 9.1(j)(v) shall be instituted

against any Loan Party or any Subsidiary of a Loan Party, and such appointment continues

undischarged or such proceeding continues undismissed or unstayed for a period of

60 days.

Section 9.2.

Non-Bankruptcy Defaults.

 When any Event of Default (other than those

described in subsection (j) or (k) of Section 9.1 with respect to the Borrower) has occurred and is

continuing, the Administrative Agent shall, by written notice to the Borrower: (a) if so directed by

the Required Lenders, terminate the remaining Commitments and all other obligations of the

Lenders hereunder on the date stated in such notice (which may be the date thereof); (b) if so

directed by the Required Lenders, declare the principal of and the accrued interest on all

outstanding Loans to be forthwith due and payable and thereupon all outstanding Loans, including

both principal and interest thereon, shall be and become immediately due and payable together

with all other amounts payable under the Loan Documents without further demand, presentment,

protest or notice of any kind; and (c) if so directed by the Required Lenders, demand that the

Borrower immediately deliver to the Administrative Agent Cash Collateral in an amount equal to

105% of the aggregate amount of each Letter of Credit then outstanding, and the Borrower agrees

to immediately make such payment and acknowledges and agrees that the Lenders would not have

an adequate remedy at law for failure by the Borrower to honor any such demand and that the

Administrative Agent, for the benefit of the Lenders, shall have the right to require the Borrower

to specifically perform such undertaking whether or not any drawings or other demands for

payment have been made under any Letter of Credit. In addition, the Administrative Agent may

exercise on behalf of itself, the Lenders and the L/C Issuer all rights and remedies available to it,

the Lenders and the L/C Issuer under the Loan Documents or applicable law or equity when any

such Event of Default has occurred and is continuing. The Administrative Agent shall give notice

to the Borrower under Section 9.1(c) promptly upon being requested to do so by any Lender. The

Administrative Agent, after giving notice to the Borrower pursuant to Section 9.1(c) or this

Section 9.2, shall also promptly send a copy of such notice to the other Lenders, but the failure to

do so shall not impair or annul the effect of such notice.

Section 9.3. Bankruptcy Defaults

. When any Event of Default described in subsections (j)

or (k) of Section 9.1 with respect to the Borrower has occurred and is continuing, then all

outstanding Loans shall immediately become due and payable together with all other amounts

payable under the Loan Documents without presentment, demand, protest or notice of any kind,

the obligation of the Lenders to extend further credit pursuant to any of the terms hereof shall

immediately terminate and the Borrower shall immediately deliver to the Administrative Agent

Cash Collateral in an amount equal to 105% of the aggregate amount of each Letter of Credit then

outstanding, the Borrower acknowledging and agreeing that the Lenders would not have an

adequate remedy at law for failure by the Borrower to honor any such demand and that the Lenders,

and the Administrative Agent on their behalf, shall have the right to require the Borrower to

specifically perform such undertaking whether or not any draws or other demands for payment

have been made under any of the Letters of Credit. In addition, the Administrative Agent may

exercise on behalf of itself, the Lenders and the L/C Issuer all rights and remedies available to it,

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the Lenders and the L/C Issuer under the Loan Documents or applicable law or equity when any

such Event of Default has occurred and is continuing.

Section 9.4. Collateral for Undrawn Letters of Credit

. (a) If the prepayment of the

amount available for drawing under any or all outstanding Letters of Credit is required under any

of Sections 2.3(b), 2.8(b), Section 2.13, 2.14, 9.2 or 9.3 above, the Borrower shall forthwith pay

the amount required to be so prepaid, to be held by the Administrative Agent as provided in

subsection (b) below.

 (b) All amounts prepaid pursuant to subsection (a) above shall be held by the

Administrative Agent in one or more separate collateral accounts (each such account, and the credit

balances, properties, and any investments from time to time held therein, and any substitutions for

such account, any certificate of deposit or other instrument evidencing any of the foregoing and

all proceeds of and earnings on any of the foregoing being collectively called the

“Collateral

Account”

) as security for, and for application by the Administrative Agent (to the extent available)

to, the reimbursement of any payment under any Letter of Credit then or thereafter made by the

L/C Issuer, and to the payment of the unpaid balance of all other Secured Obligations. The

Collateral Account shall be held in the name of and subject to the exclusive dominion and control

of the Administrative Agent for the benefit of the Administrative Agent, the Lenders, and the

L/C Issuer. If and when requested by the Borrower, the Administrative Agent shall invest funds

held in the Collateral Account from time to time in direct obligations of, or obligations the principal

of and interest on which are unconditionally guaranteed by, the United States of America with a

remaining maturity of one year or less,

provided

 that the Administrative Agent is irrevocably

authorized to sell investments held in the Collateral Account when and as required to make

payments out of the Collateral Account for application to amounts due and owing from the

Borrower to the L/C Issuer, the Administrative Agent or the Lenders. Subject to the terms of

Sections 2.13 and 2.14, if the Borrower shall have made payment of all obligations referred to in

subsection (a) above required under Section 2.8(b), at the request of the Borrower the

Administrative Agent shall release to the Borrower amounts held in the Collateral Account so long

as at the time of the release and after giving effect thereto no Default exists. After all Letters of

Credit have expired or been cancelled and the expiration or termination of all Commitments, at the

request of the Borrower, the Administrative Agent shall release any remaining amounts held in the

Collateral Account following payment in full in cash of all Secured Obligations.

Section 9.5. Post-Default Collections

. Anything contained herein or in the other Loan

Documents to the contrary notwithstanding (including, without limitation, Section 2.8(b)), all

payments and collections received in respect of the Obligations and all proceeds of the Collateral

and payments made under or in respect of the Guaranty Agreements received, in each instance, by

the Administrative Agent or any of the Lenders after acceleration or the final maturity of the

Obligations or termination of the Commitments as a result of an Event of Default shall be remitted

to the Administrative Agent and distributed as follows:

 (a) first, to the payment of any outstanding costs and expenses incurred by the

Administrative Agent, and any security trustee therefor, in monitoring, verifying,

protecting, preserving or enforcing the Liens on the Collateral, in protecting, preserving or

enforcing rights under the Loan Documents, and in any event including all costs and

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expenses of a character which the Loan Parties have agreed to pay the Administrative

Agent under Section 13.4 (such funds to be retained by the Administrative Agent for its

own account unless it has previously been reimbursed for such costs and expenses by the

Lenders, in which event such amounts shall be remitted to the Lenders to reimburse them

for payments theretofore made to the Administrative Agent); 

 (b) second, to the payment of any outstanding interest and fees due under the

Loan Documents to be allocated pro rata in accordance with the aggregate unpaid amounts

owing to each holder thereof;

 (c) third, to the payment of principal on the Loans, unpaid Reimbursement

Obligations, together with amounts to be held by the Administrative Agent as collateral

security for any outstanding L/C Obligations pursuant to Section 9.4 (until the

Administrative Agent is holding an amount of cash equal to 105% of the then outstanding

amount of all such L/C Obligations), and Hedging Liability, the aggregate amount paid to,

or held as collateral security for, the Lenders and L/C Issuer and, in the case of Hedging

Liability, their Affiliates to be allocated pro rata in accordance with the aggregate unpaid

amounts owing to each holder thereof; 

 (d) fourth, to the payment of all other unpaid Secured Obligations and all other

indebtedness, obligations, and liabilities of the Borrower and its Subsidiaries secured by

the Loan Documents (including, without limitation, Bank Product Obligations) to be

allocated pro rata in accordance with the aggregate unpaid amounts owing to each holder

thereof; and

 (e) finally, to the Borrower or whoever else may be lawfully entitled thereto.

S

ECTION

 10. T

HE

A

DMINISTRATIVE

A

GENT

.

 Section 10.1. Appointment and Authority

. Each of the Lenders and the L/C Issuers hereby

irrevocably appoints BMO Harris Bank N.A.

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 Section 10 are solely for the benefit of the Administrative Agent,

the Lenders and the L/C Issuers, and neither the 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.

 Section 10.2. Rights 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”

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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 business

with, the Borrower 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.

Section 10.3. Action by Administrative Agent; Exculpatory Provisions

. (a) 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:

 (i) shall not be subject to any fiduciary or other implied duties, regardless of

whether a Default has occurred and is continuing;

 (ii) 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. The Administrative Agent shall in all cases

be fully justified in failing or refusing to act hereunder or under any other Loan Document

unless it first receives any further assurances of its indemnification from the Lenders that

it may require, including prepayment of any related expenses and any other protection it

requires against any and all costs, expense, and liability which may be incurred by it by

reason of taking or continuing to take any such action; and

 (iii) 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.

 (b) 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 9.2, 9.3, 9.4, 9.5 and 13.3), 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

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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 to the Administrative Agent in writing by the Borrower, a Lender, or the L/C Issuer.

 (c) Neither the Administrative Agent nor any of its Related Parties shall be responsible

for or have any duty or obligation to any Lender or L/C Issuer 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 sufficiency of any Collateral, or (vi) the satisfaction

of any condition set forth in Section 7.1 or 7.2 or elsewhere herein, other than to confirm receipt

of items expressly required to be delivered to the Administrative Agent.

 Section 10.4. Reliance 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 a Loan, or the issuance,

extension, renewal or increase of a Letter of Credit, that by its terms must be fulfilled to the

satisfaction of a Lender or an L/C Issuer, the Administrative Agent may presume that such

condition is satisfactory to such Lender or L/C Issuer unless the Administrative Agent shall have

received notice to the contrary from such Lender or L/C Issuer prior to the making of such Loan

or the issuance of such Letter of Credit. 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.

 Section 10.5. Delegation 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 Section

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 Revolving Facility and any Incremental 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

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nonappealable judgment that the Administrative Agent acted with gross negligence or willful

misconduct in the selection of such sub-agents.

 Section 10.6. Resignation of Administrative Agent

. (a) The Administrative Agent may at

any time give notice of its resignation to the Lenders, the L/C Issuers and the Borrower. Upon

receipt of any such notice of resignation, the Required Lenders shall have the right, in consultation

with the Borrower, to appoint a successor, which shall be a bank with an office in the United States

of America, or an Affiliate of any such bank with an office in the United States of America. 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 and the L/C Issuers, 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) With effect from the Resignation Effective Date, (i) the retiring Administrative Agent

shall be discharged from its duties and obligations hereunder and under the other Loan Documents,

and (ii) except for any indemnity payments 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 L/C Issuer directly, until

such time, if any, as the Required Lenders appoint a successor Administrative Agent as provided

for above.

If on the Resignation Effective Date no successor has been appointed and accepted

such appointment, the Administrative Agent’s rights in the Collateral Documents shall be assigned

without representation, recourse or warranty to the Lenders and L/C Issuer as their interests may

appear. 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 Administrative Agent (other than any rights to indemnity payments or other

amounts owed to the retiring Administrative Agent), and the retiring Administrative Agent shall

be discharged from all of its duties and obligations hereunder or under the other Loan Documents. 

The fees payable by the Borrower to a successor Administrative Agent shall be the same as those

payable to its predecessor unless otherwise agreed between the Borrower and such successor. 

After the retiring Administrative Agent’s resignation hereunder and under the other Loan

Documents, the provisions of this Section 10 and Section 13.4 shall continue in effect for the

benefit of such retiring 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

Administrative Agent was acting as Administrative Agent.

 Section 10.7. Non-Reliance on Administrative Agent and Other Lenders

. Each Lender and

L/C Issuer 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 and L/C Issuer 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

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Agreement, any other Loan Document or any related agreement or any document furnished

hereunder or thereunder.

Upon a Lender’s written request, the Administrative Agent agrees to forward to such

Lender, when complete, copies of any field audit, examination, or appraisal report prepared by or

for the Administrative Agent with respect to the Borrower or any Loan Party or the Collateral

(herein,

“Reports”

). Each Lender hereby agrees that (a) it has requested a copy of each Report

prepared by or on behalf of the Administrative Agent; (b) the Administrative Agent (i) makes no

representation or warranty, express or implied, as to the completeness or accuracy of any Report

or any of the information contained therein or any inaccuracy or omission contained in or relating

to a Report and (ii) shall not be liable for any information contained in any Report; (c) the Reports

are not comprehensive audits or examinations, and that any Person performing any field

examination will inspect only specific information regarding the Borrower and the other Loan

Parties and will rely significantly upon the books and records of Borrower and the other Loan

Parties, as well as on representations of personnel of the Borrower and the other Loan Parties, and

that the Administrative Agent undertakes no obligation to update, correct or supplement the

Reports; (d) it will keep all Reports confidential and strictly for its internal use, not share the Report

with any other Person except as otherwise permitted pursuant to this Agreement; and (e) without

limiting the generality of any other indemnification provision contained in this Agreement, it will

pay and protect, and indemnify, defend, and hold the Administrative Agent and any such other

Person preparing a Report harmless from and against, the claims, actions, proceedings, damages,

costs, expenses, and other amounts (including reasonable attorney fees) incurred by as the direct

or indirect result of any third parties who might obtain all or part of any Report through the

indemnifying Lender.

Section 10.8. L/C Issuer and Swingline Lender.

 The L/C Issuer shall act on behalf of the

Lenders with respect to any Letters of Credit issued by it and the documents associated therewith,

and the Swingline Lender shall act on behalf of the Lenders with respect to the Swingline Loans

made hereunder. The L/C Issuer and the Swingline Lender shall each have all of the benefits and

immunities (i) provided to the Administrative Agent in this Section 10 with respect to any acts

taken or omissions suffered by the L/C Issuer in connection with Letters of Credit issued by it or

proposed to be issued by it and the Applications pertaining to such Letters of Credit or by the

Swingline Lender in connection with Swingline Loans made or to be made hereunder as fully as

if the term “Administrative Agent”, as used in this Section 10, included the L/C Issuer and the

Swingline Lender with respect to such acts or omissions and (ii) as additionally provided in this

Agreement with respect to such L/C Issuer or Swingline Lender, as applicable. Any resignation

by the Person then acting as Administrative Agent pursuant to Section 10.6 shall also constitute

its resignation or the resignation of its Affiliate as L/C Issuer and Swingline Lender except as it

may otherwise agree. If such Person then acting as L/C Issuer so resigns, it shall retain all the

rights, powers, privileges and duties of the L/C Issuer hereunder with respect to all Letters of Credit

outstanding as of the effective date of its resignation as L/C Issuer and all L/C Obligations with

respect thereto, including the right to require the Lenders to make Loans or fund risk participations

in Reimbursement Obligations pursuant to Section 2.3. If such Person then acting as Swingline

Lender resigns, it shall retain all the rights of the Swingline Lender provided for hereunder with

respect to Swingline Loans made by it and outstanding as of the effective date of such resignation,

including the right to require the Lenders to make Loans or fund risk participations in outstanding

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Swingline Loans pursuant to Section 2.2(b). Upon the appointment by the Borrower of a successor

L/C Issuer or Swingline Lender hereunder (which successor shall in all cases be a Lender other

than a Defaulting Lender), (i) such successor shall succeed to and become vested with all of the

rights, powers, privileges and duties of the retiring L/C Issuer or Swingline Lender, as applicable

(other than any rights to indemnity payments or other amounts that remain owing to the retiring

L/C Issuer or Swingline Lender), and (ii) the retiring L/C Issuer and Swingline Lender shall be

discharged from all of their respective duties and obligations hereunder or under the other Loan

Documents other than with respect to its outstanding Letters of Credit and Swingline Loans, and

(iii) upon the request of the resigning L/C Issuer, the successor L/C Issuer shall issue letters of

credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or

make other arrangements satisfactory to the resigning L/C Issuer to effectively assume the

obligations of the resigning L/C Issuer with respect to such Letters of Credit.

Section 10.9. Hedging Liability and Bank Product Obligations

. By virtue of a Lender’s

execution of this Agreement or an assignment agreement pursuant to Section 13.2, as the case may

be, any Affiliate of such Lender with whom the Borrower or any other Loan Party has entered into

an agreement creating Hedging Liability or Bank Product Obligations shall be deemed a Lender

party hereto for purposes of any reference in a Loan Document to the parties for whom the

Administrative Agent is acting, it being understood and agreed that the rights and benefits of such

Affiliate under the Loan Documents consist exclusively of such Affiliate’s right to share in

payments and collections out of the Collateral and the Guaranty Agreements as more fully set forth

in Section 9.5. Without limiting the generality of the foregoing, (i) each such Affiliate of any

Lender that has entered into an agreement creating Hedging Liability or Bank Product Obligations

shall, for the avoidance of doubt, be deemed to have agreed to the provisions of Section 10.15 and

(ii) no such Affiliate of any Lender 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). In connection with any

such distribution of payments and collections, or any request for the release of the Guaranty

Agreements and the Administrative Agent’s Liens in connection with the termination of the

Commitments and the payment in full of the Obligations, the Administrative Agent shall be

entitled to assume no amounts are due to any Lender or its Affiliate with respect to Hedging

Liability or Bank Product Obligations unless such Lender has notified the Administrative Agent

in writing of the amount of any such liability owed to it or its Affiliate prior to such distribution or

payment or release of Guaranty Agreements and Liens.

Section 10.10. Designation of Additional Agents

. The Administrative Agent shall have the

continuing right, for purposes hereof, at any time and from time to time to designate one or more

of the Lenders (and/or its or their Affiliates) as “syndication agents,” “documentation agents,”

“book runners,” “lead arrangers,” “arrangers,” or other designations for purposes hereto, but such

designation shall have no substantive effect, and such Lenders and their Affiliates shall have no

additional powers, duties or responsibilities as a result thereof.

Section 10.11. Authorization to Enter into, and Enforcement of, the Collateral Documents;

Possession of Collateral

. The Administrative Agent is hereby irrevocably authorized by each of

the Lenders and the L/C Issuer to execute and deliver the Collateral Documents on behalf of each

of the Lenders, the L/C Issuer, and their Affiliates and to take such action and exercise such powers

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under the Collateral Documents as the Administrative Agent considers appropriate;

provided

 the

Administrative Agent shall not amend the Collateral Documents unless such amendment is agreed

to in writing by the Required Lenders. Upon the occurrence of an Event of Default, the

Administrative Agent shall take such action to enforce its Lien on the Collateral and to preserve

and protect the Collateral as may be directed by the Required Lenders. Unless and until the

Required Lenders give such direction, the Administrative Agent may (but shall not be obligated

to) take or refrain from taking such actions as it deems appropriate and in the best interest of all

the Lenders and L/C Issuer. Each Lender and L/C Issuer acknowledges and agrees that it will be

bound by the terms and conditions of the Collateral Documents upon the execution and delivery

thereof by the Administrative Agent. 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, the L/C Issuer or their

Affiliates for any failure to monitor or maintain any portion of the Collateral. The Lenders and

L/C Issuer hereby irrevocably authorize (and each of their Affiliates holding any Bank Product

Obligations and Hedging Liability entitled to the benefits of the Collateral shall be deemed to

authorize) the Administrative Agent, based upon the instruction of the Required Lenders, to credit

bid and purchase (either directly or through one or more acquisition vehicles) all or any portion of

the Collateral at any sale thereof conducted by the Administrative Agent (or any security trustee

therefore) under the provisions of the Uniform Commercial Code, including pursuant to Sections

9-610 or 9-620 of the Uniform Commercial Code, at any sale thereof conducted under the

provisions of the United States Bankruptcy Code, including Section 363 of the United States

Bankruptcy Code, or at any sale or foreclosure conducted by the Administrative Agent or any

security trustee therefore (whether by judicial action or otherwise) in accordance with applicable

law. Except as otherwise specifically provided for herein, no Lender, L/C Issuer, or their

Affiliates, other than the Administrative Agent, shall have the right to institute any suit, action or

proceeding in equity or at law for the foreclosure or other realization upon any Collateral or for

the execution of any trust or power in respect of the Collateral or for the appointment of a receiver

or for the enforcement of any other remedy under the Collateral Documents; it being understood

and intended that no one or more of the Lenders or L/C Issuer or their Affiliates shall have any

right in any manner whatsoever to affect, disturb or prejudice the Lien of the Administrative Agent

(or any security trustee therefor) under the Collateral Documents by its or their action or to enforce

any right thereunder, and that all proceedings at law or in equity shall be instituted, had, and

maintained by the Administrative Agent (or its security trustee) in the manner provided for in the

relevant Collateral Documents for the benefit of the Lenders, the L/C Issuer, and their Affiliates. 

Each Lender and L/C Issuer is hereby appointed agent for the purpose of perfecting the

Administrative Agent’s security interest in assets which, in accordance with Article 9 of the

Uniform Commercial Code or other applicable law can be perfected only by possession. Should

any Lender or L/C Issuer (other than the Administrative Agent) obtain possession of any

Collateral, such Lender or L/C Issuer shall notify the Administrative Agent thereof, and, promptly

upon the Administrative Agent’s request therefor shall deliver such Collateral to the

Administrative Agent or in accordance with the Administrative Agent’s instructions. 

 Section 10.12. Authorization to Release, Limit or Subordinate Liens or to Release

Guaranties.

 The Administrative Agent is hereby irrevocably authorized by each of the Lenders,

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the L/C Issuer, and their Affiliates to (a) release any Lien covering any Collateral that is sold,

transferred, or otherwise disposed of in accordance with the terms and conditions of this

Agreement and the relevant Collateral Documents (including a sale, transfer, or disposition

permitted by the terms of Section 8.10 or which has otherwise been consented to in accordance

with Section 13.3), (b) release or subordinate any Lien on Collateral consisting of goods financed

with purchase money indebtedness or under a Capital Lease to the extent such purchase money

indebtedness or Capitalized Lease Obligation, and the Lien securing the same, are permitted by

Sections 8.7(b) and 8.8(d), (c) reduce or limit the amount of the indebtedness secured by any

particular item of Collateral to an amount not less than the estimated value thereof to the extent

necessary to reduce mortgage registry, filing and similar tax, (d) release Liens on the Collateral

following termination or expiration of the Commitments and payment in full in cash of the

Obligations (other than contingent indemnification obligations) and the expiration or termination

of all Letters of Credit (other than Letters of Credit that have been Cash Collateralized to the

satisfaction of the Administrative Agent and relevant L/C Issuer) and, if then due, Hedging

Liability and Bank Product Obligations, and (e) release any Subsidiary from its obligations as a

Guarantor if such Person ceases to be a Subsidiary as a result of a transaction permitted under the

Loan Documents. Upon the Administrative Agent’s request, 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 Person form its obligations as a Guarantor under the

Loan Documents.

Section 10.13. Authorization of Administrative Agent to File Proofs of Claim. 

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 any Loan or

L/C Obligation shall then be due and payable as herein expressed or by declaration or otherwise

and irrespective of whether the Administrative Agent shall have made any demand on 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 Loans, L/C Obligations and all other Obligations that

are owing and unpaid and to file such other documents as may be necessary or advisable

in order to have the claims of Lenders, the L/C Issuer and the Administrative Agent

(including any claim for the reasonable compensation, expenses, disbursements and

advances of the Lenders, the L/C Issuer and the Administrative Agent and their respective

agents and counsel and all other amounts due the Lenders, the L/C Issuer and the

Administrative Agent under the Loan Documents including, but not limited to,

Sections 3.1, 4.4, 4.5, and 13.4) 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 and L/C Issuer 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 and the L/C Issuer, to pay to the

Administrative Agent any amount due for the reasonable compensation, expenses, disbursements

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and advances of the Administrative Agent and its agents and counsel, and any other amounts due

the Administrative Agent under Sections 3.1 and 13.4. 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 or L/C Issuer any plan of reorganization, arrangement, adjustment or composition

affecting the Obligations or the rights of any Lender or L/C Issuer or to authorize the

Administrative Agent to vote in respect of the claim of any Lender or L/C Issuer in any such

proceeding.

 Section 10.14. Certain ERISA Matters. 

(a) Each Lender (x) represents and warrants, as of

the date such Person became a Lender party hereto, to, 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 its Affiliates, 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:

 (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 with respect to such Lender’s

entrance into, participation in, administration of and performance of the Loans, the Letters

of Credit, the Commitments or this Agreement;

 (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;

or

 (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 the Administrative Agent, in its sole discretion, and such Lender.

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 (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, to,

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 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

Letters of Credit, the Commitments and this Agreement (including in connection with the

reservation or exercise of any rights by the Administrative Agent under this Agreement, any Loan

Document or any documents related hereto or thereto).

 Section 10.15. Recovery of Erroneous Payments

. Notwithstanding anything to the contrary

in this Agreement, if at any time the Administrative Agent determines (in its sole and absolute

discretion) that it has made a payment hereunder in error to any Lender, L/C Issuer or other secured

party hereunder, whether or not in respect of an Obligation due and owing by the Borrowers at

such time, where such payment is a Rescindable Amount, then in any such event, each such Person

receiving a Rescindable Amount severally agrees to repay to the Administrative Agent forthwith

on demand the Rescindable Amount received by such Person in immediately available funds in

the currency so received, with interest thereon, for each day from and including the date such

Rescindable Amount is received by it to but excluding the date of payment to the Administrative

Agent, at the greater of the Federal Funds Rate and a rate determined by the Administrative Agent

in accordance with banking industry rules on interbank compensation. Each Lender, each L/C

Issuer and each other secured party hereunder irrevocably waives any and all defenses, including

any “discharge for value” (under which a creditor might otherwise claim a right to retain funds

mistakenly paid by a third party in respect of a debt owed by another), “good consideration”,

“change of position” or similar defenses (whether at law or in equity) to its obligation to return

any Rescindable Amount. The Administrative Agent shall inform each Lender, L/C Issuer or other

secured party hereunder that received a Rescindable Amount promptly upon determining that any

payment made to such Person comprised, in whole or in part, a Rescindable Amount. Each

Person’s obligations, agreements and waivers under this Section 10.16 shall survive the resignation

or replacement of the Administrative Agent, any transfer of rights or obligations by, or the

replacement of, a Lender or L/C Issuer, the termination of the Commitments and/or the repayment,

satisfaction or discharge of all Obligations (or any portion thereof) under any Loan Document.

S

ECTION

 11. T

HE

G

UARANTEES

.

Section 11.1. The Guarantees

. To induce the Lenders and L/C Issuer to provide the credits

described herein and in consideration of benefits expected to accrue to the Borrower by reason of

the Commitments and for other good and valuable consideration, receipt of which is hereby

acknowledged, each Wholly-owned Subsidiary party hereto (including any Wholly-owned

Subsidiary executing an Additional Guarantor Supplement in the form attached hereto as Exhibit F

or such other form acceptable to the Administrative Agent) and the Borrower (as to the Secured

Obligations of another Loan Party) hereby unconditionally and irrevocably guarantees jointly and

severally to the Administrative Agent, the Lenders, and the L/C Issuer and their Affiliates, the due

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and punctual payment of all present and future Secured Obligations, including, but not limited to,

the due and punctual payment of principal of and interest on the Loans, the Reimbursement

Obligations, and the due and punctual payment of all other Obligations now or hereafter owed by

the Borrower under the Loan Documents and the due and punctual payment of all Hedging

Liability and Bank Product Obligations, in each case as and when the same shall become due and

payable, whether at stated maturity, by acceleration, or otherwise, according to the terms hereof

and thereof (including all interest, costs, fees, and charges after the entry of an order for relief

against the Borrower or such other obligor in a case under the United States Bankruptcy Code or

any similar proceeding, whether or not such interest, costs, fees and charges would be an allowed

claim against the Borrower or any such obligor in any such proceeding);

provided, however,

 that,

with respect to any Guarantor, Hedging Liability guaranteed by such Guarantor shall exclude all

Excluded Swap Obligations. In case of failure by the Borrower or other obligor punctually to pay

any Secured Obligations guaranteed hereby, each Guarantor hereby unconditionally agrees to

make such payment or to cause such payment to be made punctually as and when the same shall

become due and payable, whether at stated maturity, by acceleration, or otherwise, and as if such

payment were made by the Borrower or such obligor. Only direct and indirect Wholly-owned

Subsidiaries of the Borrower that are Domestic Subsidiaries shall be required to be a Guarantor

and bound by the guaranty provisions of this Section 11. 

Section 11.2. Guarantee Unconditional

. The obligations of each Guarantor under this

Section 11 shall be unconditional and absolute and, without limiting the generality of the

foregoing, shall not be released, discharged, or otherwise affected by:

 (a) any extension, renewal, settlement, compromise, waiver, or release in

respect of any obligation of any Loan Party or other obligor or of any other guarantor under

this Agreement or any other Loan Document or by operation of law or otherwise;

 (b) any modification or amendment of or supplement to this Agreement or any

other Loan Document or any agreement relating to Hedging Liability or Bank Product

Obligations;

 (c) any change in the corporate existence, structure, or ownership of, or any

insolvency, bankruptcy, reorganization, or other similar proceeding affecting, any Loan

Party or other obligor, any other guarantor, or any of their respective assets, or any resulting

release or discharge of any obligation of any Loan Party or other obligor or of any other

guarantor contained in any Loan Document; 

 (d) the existence of any claim, set-off, or other rights which any Loan Party or

other obligor or any other guarantor may have at any time against the Administrative

Agent, any Lender, the L/C Issuer or any other Person, whether or not arising in connection

herewith;

 (e) any failure to assert, or any assertion of, any claim or demand or any

exercise of, or failure to exercise, any rights or remedies against any Loan Party or other

obligor, any other guarantor, or any other Person or Property;

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 (f) any application of any sums by whomsoever paid or howsoever realized to

any obligation of any Loan Party or other obligor, regardless of what obligations of any

Loan Party or other obligor remain unpaid;

 (g) any invalidity or unenforceability relating to or against any Loan Party or

other obligor or any other guarantor for any reason of this Agreement or of any other Loan

Document or any agreement relating to Hedging Liability or Bank Product Obligations or

any provision of applicable law or regulation purporting to prohibit the payment by any

Loan Party or other obligor or any other guarantor of the principal of or interest on any

Loan or any Reimbursement Obligation or any other amount payable under the Loan

Documents or any agreement relating to Hedging Liability or Bank Product Obligations;

or

 (h) any other act or omission to act or delay of any kind by the Administrative

Agent, any Lender, the L/C Issuer, or any other Person or any other circumstance

whatsoever that might, but for the provisions of this subsection, constitute a legal or

equitable discharge of the obligations of any Guarantor under this Section 11.

Section 11.3. Discharge Only upon Payment in Full; Reinstatement in Certain

Circumstances

. Each Guarantor’s obligations under this Section 11 shall remain in full force and

effect until the Commitments are terminated, all Letters of Credit have expired, and the principal

of and interest on the Loans and all other amounts payable by the Borrower and the other Loan

Parties under this Agreement and all other Loan Documents and, if then outstanding and unpaid,

all Hedging Liability and Bank Product Obligations shall have been paid in full. If at any time any

payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other

amount payable by any Loan Party or other obligor or any guarantor under the Loan Documents

or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must

be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of such Loan

Party or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this

Section 11 with respect to such payment shall be reinstated at such time as though such payment

had become due but had not been made at such time.

Section 11.4. Subrogation

. Each Guarantor agrees it will not exercise any rights which it

may acquire by way of subrogation by any payment made hereunder, or otherwise, until all the

Secured Obligations shall have been paid in full subsequent to the termination of all the

Commitments and expiration of all Letters of Credit. If any amount shall be paid to a Guarantor

on account of such subrogation rights at any time prior to the later of (x) the payment in full of the

Secured Obligations and all other amounts payable by the Loan Parties hereunder and the other

Loan Documents and (y) the termination of the Commitments and expiration of all Letters of

Credit, such amount shall be held in trust for the benefit of the Administrative Agent, the Lenders,

and the L/C Issuer (and their Affiliates) and shall forthwith be paid to the Administrative Agent

for the benefit of the Lenders and L/C Issuer (and their Affiliates) or be credited and applied upon

the Secured Obligations, whether matured or unmatured, in accordance with the terms of this

Agreement.

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Section 11.5. Subordination

. Each Guarantor (each referred to herein as a

“Subordinated

Creditor”

) hereby subordinates the payment of all indebtedness, obligations, and liabilities of the

Borrower or other Loan Party owing to such Subordinated Creditor, whether now existing or

hereafter arising, to the indefeasible payment in full in cash of all Secured Obligations. During

the existence of any Event of Default, subject to Section 11.4, any such indebtedness, obligation,

or liability of the Borrower or other Loan Party owing to such Subordinated Creditor shall be

enforced and performance received by such Subordinated Creditor as trustee for the benefit of the

holders of the Secured Obligations and the proceeds thereof shall be paid over to the

Administrative Agent for application to the Secured Obligations (whether or not then due), but

without reducing or affecting in any manner the liability of such Guarantor under this Section 11.

Section 11.6. Waivers

. Each Guarantor irrevocably waives acceptance hereof,

presentment, demand, protest, and any notice not provided for herein, as well as any requirement

that at any time any action be taken by the Administrative Agent, any Lender, the L/C Issuer, or

any other Person against the Borrower or any other Loan Party or other obligor, another guarantor,

or any other Person.

 Section 11.7. Limit on Recovery

. Notwithstanding any other provision hereof, the right of

recovery against each Guarantor under this Section 11 shall not exceed $1.00 less than the lowest

amount which would render such Guarantor’s obligations under this Section 11 void or voidable

under applicable law, including, without limitation, fraudulent conveyance law.

Section 11.8. Stay of Acceleration

. If acceleration of the time for payment of any amount

payable by the Borrower or other Loan Party or other obligor under this Agreement or any other

Loan Document, or under any agreement relating to Hedging Liability or Bank Product

Obligations, is stayed upon the insolvency, bankruptcy or reorganization of the Borrower or such

other Loan Party or obligor, all such amounts otherwise subject to acceleration under the terms of

this Agreement or the other Loan Documents, or under any agreement relating to Hedging Liability

or Bank Product Obligations, shall nonetheless be payable by the Guarantors hereunder forthwith

on demand by the Administrative Agent made at the request or otherwise with the consent of the

Required Lenders.

Section 11.9. Benefit to Guarantors

. The Loan Parties are engaged in related businesses

and integrated to such an extent that the financial strength and flexibility of the Borrower and the

other Loan Parties has a direct impact on the success of each other Loan Party. Each Guarantor

will derive substantial direct and indirect benefit from the extensions of credit hereunder, and each

Guarantor acknowledges that this guarantee is necessary or convenient to the conduct, promotion

and attainment of its business.

Section 11.10. Keepwell

. Each Qualified ECP Guarantor hereby jointly and severally

absolutely, unconditionally and irrevocably undertakes to provide such funds or other support as

may be needed from time to time by each other Loan Party to honor all of its obligations under

this Guaranty in respect of Swap Obligations (provided, however, that each Qualified ECP

Guarantor shall only be liable under this Section for the maximum amount of such liability that

can be hereby incurred without rendering its obligations under this Section, or otherwise under this

Guaranty, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer,

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and not for any greater amount). The obligations of each Qualified ECP Guarantor under this

Section shall remain in full force and effect until discharged in accordance with Section 11.3. Each

Qualified ECP Guarantor intends that this Section constitute, and this Section shall be deemed to

constitute, a “keepwell, support, or other agreement” for the benefit of each other Loan Party for

all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 

S

ECTION

 12. C

OLLATERAL

.

Section 12.1. Collateral

. The Secured Obligations shall be secured by valid, perfected, and

enforceable Liens on all right, title, and interest of each Loan Party in all of its accounts, chattel

paper, instruments, documents, payment intangibles,

letter-of-credit rights, supporting obligations,

deposit accounts, inventory and farm products and certain other Property as specifically set forth

in the Collateral Documents whether now owned or hereafter acquired or arising, and all proceeds

thereof;

provided, however,

that: (i) the Collateral shall not include Excluded Property, and

(ii) the Collateral need not include (or be perfected if a Lien is granted) those assets of any Loan

Party as to which the Administrative Agent in its sole discretion determines that the cost of

obtaining a security interest in or perfection thereof are excessive in relation to the value of the

security to be afforded thereby. Each Loan Party acknowledges and agrees that the Liens on the

Collateral shall be granted to the Administrative Agent for the benefit of the holders of the Secured

Obligations and shall be valid and perfected first priority Liens (to the extent perfection by filing,

registration, recordation, possession or control is required herein or in any other Loan Document)

subject to the proviso appearing at the end of the preceding sentence and to Liens permitted by

Section 8.8, in each case pursuant to one or more Collateral Documents from such Persons, each

in form and substance satisfactory to the Administrative Agent. 

Section 12.2. Depository Banks

. Each Loan Party shall maintain the Administrative Agent

(or one of its Affiliates) as its primary depository bank, including for its principal operating,

administrative, cash management, lockbox arrangements, collection activity, and other deposit

accounts for the conduct of its business.

Section 12.3. Further Assurances

. Each Loan Party agrees that it shall, from time to time

at the request of the Administrative Agent, execute and deliver such documents and do such acts

and things as the Administrative Agent may reasonably request in order to provide for or perfect

or protect such Liens on the Collateral. In the event any Loan Party forms or acquires any other

Subsidiary after the date hereof, except as otherwise provided in the definition of Guarantor, the

Loan Parties shall promptly upon such formation or acquisition cause such newly formed or

acquired Subsidiary to execute a Guaranty Agreement and such Collateral Documents as the

Administrative Agent may then require, and the Loan Parties shall also deliver to the

Administrative Agent, or cause such Subsidiary to deliver to the Administrative Agent, at the

Borrower’s cost and expense, such other instruments, documents, certificates, and opinions

reasonably required by the Administrative Agent in connection therewith.

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S

ECTION

 13. M

ISCELLANEOUS

.

 Section 13.1. Notices

. 

 (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 services or mailed by certified or registered mail as follows:

 (i) if to the Borrower or any other Loan Party, to it at 1052 Highland Colony

Parkway, Suite 200, Ridgeland, MS 39157, Attention of Max Bowman, Vice President and

Chief Financial Officer; Telephone No. (601) 718-4238 with a copy to the same address to

the attention of Robert Holladay, General Counsel; Telephone No. (601) 948-6813;

 (ii) if to the Administrative Agent or to BMO Harris Bank N.A. in its capacity

as L/C Issuer, to BMO Harris Bank N.A. at 111 West Monroe Street, Chicago, Illinois

60603, Attention of David J. Bechstein; Telephone No. (312) 461-5174);

 (iii) if to a Lender, to it at its address set forth in its Administrative

Questionnaire.

Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall

be deemed to have been given when received. Notices delivered through electronic

communications, to the extent provided in subsection (b) below, shall be effective as provided in

said subsection (b).

 (b)

Electronic Communications. 

Notices and other communications to the Lenders and

the L/C Issuers hereunder may be delivered or furnished by electronic communication (including

e-mail 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 or L/C Issuer pursuant

to Sections 2.2, 2.3 and 2.6 if such Lender or L/C Issuer, as applicable, has notified the

Administrative Agent that it is incapable of receiving notices under such Sections by electronic

communication. The Administrative Agent or the Borrower may, in its discretion, agree to accept

notices and other communications to it hereunder by electronic communications pursuant to

procedures approved by it;

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 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) above, if such notice, email or

other communication is not sent during the normal business hours of the recipient, such notice or

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communication shall be deemed to have been sent at the opening of business on the next business

day for the recipient.

 (c)

Change of Address, etc. 

Any party hereto may change its address or facsimile number

for notices and other communications hereunder by notice to the other parties hereto.

 (d)

Platform. 

(i) Each Loan Party agrees that the Administrative Agent may, but shall

not be obligated to, make the Communications (as defined below) available to the L/C Issuers and

the other Lenders by posting the Communications on Debt Domain, Intralinks, Syndtrak or a

substantially similar electronic transmission system (the

“Platform”

).

 (ii) The Platform is provided “as is” and “as available.” The Agent Parties (as

defined below) do not warrant the adequacy of the Platform and expressly disclaim liability

for errors or omissions in the Communications. No warranty of any kind, express, implied

or statutory, including, without limitation, any warranty of merchantability, fitness for a

particular purpose, non-infringement of third-party rights or freedom from viruses or other

code defects, is made by any Agent Party in connection with the Communications or the

Platform. In no event shall the Administrative Agent or any of its Related Parties

(collectively, the

“Agent Parties”

) have any liability to the Borrower or the other Loan

Parties, any Lender or any other Person or entity for damages of any kind, including,

without limitation, direct or indirect, special, incidental or consequential damages, losses

or expenses (whether in tort, contract or otherwise) arising out of the Borrower’s, any Loan

Party’s or the Administrative Agent’s transmission of communications through the

Platform, except to the extent that such losses, claims, damages and liabilities or expenses

are determined by a court of competent jurisdiction by final and non-appealable judgment

to have resulted from the gross negligence or willful misconduct of the Agent Parties. 

“Communications”

 means, collectively, any notice, demand, communication, information,

document or other material provided by or on behalf of any Loan Party pursuant to any

Loan Document or the transactions contemplated therein which is distributed to the

Administrative Agent, any Lender or any L/C Issuer by means of electronic

communications pursuant to this Section, including through the Platform.

 (e)

Private Side Designation

. Each public Lender agrees to cause at least one individual

at or on behalf of such public Lender to 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 laws, including United States Federal and state securities applicable laws, to make

reference to Borrower or any Loan Party 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 Borrower or any Loan Party or their securities for purposes of United States

Federal or state securities applicable laws.

Section 13.2. Successors and Assigns

. 

 (a)

Successors and Assigns Generally.

 The provisions of this Agreement shall be binding

upon and inure to the benefit of the parties hereto and their respective successors and assigns

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permitted hereby, except that neither the Borrower 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 each Lender, 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

paragraph (b) of this Section, (ii) by way of participation in accordance with the provisions of

paragraph (d) of this Section, or (iii) by way of pledge or assignment of a security interest subject

to the restrictions of paragraph (e) 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 paragraph (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 (including all or a portion of its

Commitments and the Loans at the time owing to it);

provided

 that (in each case with respect to

any Facility) 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 Commitments and the Loans at the time owing to it (in

each case with respect to any Facility) or in the case of an assignment to a Lender or an

Affiliate of a Lender, no minimum amount need be assigned; and

 (B) in any case not described in paragraph (b)(i)(A) of this Section, the

aggregate amount of the relevant Commitment (which for this purpose includes Loans

outstanding thereunder) or, if the applicable Commitment is not then in effect, the principal

outstanding balance of the Loans of the assigning Lender subject to each such assignment

(determined as of the date the Assignment and Assumption with respect to such assignment

is delivered to the Administrative Agent 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 Borrower otherwise consents (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 with respect to the Loan or the Commitment assigned.

 (iii)

Required Consents. 

No consent shall be required for any assignment except

to the extent required by paragraph (b)(i)(B) of this Section and, in addition:

 (A) the consent of the Borrower (such consent not to be unreasonably

withheld or delayed) shall be required unless (x) an Event of Default has occurred

and is continuing at the time of such assignment, or (y) such assignment is to a

Lender or an Affiliate of a Lender;

provided

 that the Borrower shall be deemed to

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have consented to any such assignment unless it shall object thereto by written

notice to the Administrative Agent within ten (10) Business Days after having

received notice thereof;

 (B) the consent of the Administrative Agent (such consent not to be

unreasonably withheld or delayed) shall be required for assignments in respect of

(i) the Revolving Facility if such assignment is to a Person that is not a Lender with

a Commitment in respect of the Revolving Facility or an Affiliate of such Lender,

or (ii) any Incremental Term Loans to a Person who is not a Lender or an Affiliate

of a Lender; and

 (C) the consent of each L/C Issuer and Swingline Lender shall be

required for any assignment in respect of the Revolving Facility.

 (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 of $3,500;

provided

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 to

(A) the Borrower or any other Loan Party or any Loan Party’s Affiliates or Subsidiaries or

(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).

 (vi)

No Assignment to Natural Persons. 

No such assignment shall be made to a

natural Person (or a holding company, investment vehicle or trust for or owned and

operated for the primary benefit of a natural person) (herein any of the foregoing is a

“natural Person”).

 (vii)

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 Borrower and the

Administrative Agent, the applicable pro rata share of Loans previously requested but not

funded by the Defaulting Lender, to each of which the applicable assignee and assignor

hereby irrevocably consent), to (x) pay and satisfy in full all payment liabilities then owed

by such Defaulting Lender to the Administrative Agent, each L/C Issuer, the Swingline

Lender and each other Lender hereunder (and interest accrued thereon), and (y) acquire

(and fund as appropriate) its full pro rata share of all Loans and participations in Letters of

Credit and Swingline Loans in accordance with its Percentage. Notwithstanding the

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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 paragraph (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 13.4 and 13.6 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. Any assignment or transfer by a Lender of rights or obligations under

this Agreement that does not comply with this paragraph shall be treated for purposes of this

Agreement as a sale by such Lender of a participation in such rights and obligations in accordance

with paragraph (d) of this Section.

 (c)

Register. 

The Administrative Agent, acting solely for this purpose as an agent of the

Borrower, shall maintain at one of its offices in Chicago, Illinois

a copy of each Assignment and

Assumption delivered to it and a register for the recordation of the names and addresses of the

Lenders, and the Commitments of, and principal amounts (and stated interest) of the 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 Borrower, 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 Borrower 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

Borrower or the Administrative Agent, sell participations to any Person (other than a natural

Person or the Borrower or any other Loan Party or any Loan Party’s Affiliates or Subsidiaries or

any other Person prohibited under Section 13.2 (b)(v) (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

Commitments and/or the Loans owing to it);

 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 Borrower, the Administrative

Agent, the L/C Issuers and 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 10.8 with respect to any

payments made by such Lender to its Participant(s).

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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, modification or waiver described in Section 13.3 that

expressly relate to amendments requiring the unanimous consent of the Lenders in the Revolving

Facility in which such Participant participates. The Borrower agrees that each Participant shall be

entitled to the benefits of Sections 4.1, 4.4, and 4.5 (subject to the requirements and limitations

therein, including the requirements under Section 4.1(g) (it being understood that the

documentation required under Section 4.1(g) shall be delivered to the participating Lender)) to the

same extent as if it were a Lender and had acquired its interest by assignment pursuant to

paragraph (b) of this Section;

provided

that such Participant (A) agrees to be subject to the

provisions of Sections 2.12 and 4.7 as if it were an assignee under paragraph (b) of this Section;

and (B) shall not be entitled to receive any greater payment under Sections 4.1

or 4.4, with respect

to any participation, than its participating Lender would have been entitled to receive, except to

the extent such entitlement to receive a greater payment results from a Change in Law that occurs

after the Participant acquired the applicable participation. Each Lender that sells a participation

agrees, at the Borrower’s request and expense, to use reasonable efforts to cooperate with the

Borrower to effectuate the provisions of Section 2.12 with respect to any Participant. To the extent

permitted by law, each Participant also shall be entitled to the benefits of Section 13.6 (Right of

Setoff) as though it were a Lender; provided that such Participant agrees to be subject to

Section 13.7 (Sharing of Payments by Lenders) as though it were a Lender. Each Lender that sells

a participation shall, acting solely for this purpose as an agent of the Borrower, 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 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. 

Section 13.3. Amendments.

 Any provision of this Agreement or the other Loan Documents

may be amended or waived if, but only if, such amendment or waiver is in writing and is signed

by (a) the Borrower, (b) the Required Lenders (or the Administrative Agent acting at the direction

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of the Required Lenders) (except as otherwise stated below to require only the consent of the

Lenders affected thereby), and (c) if the rights or duties of the Administrative Agent, the

L/C Issuer, or the Swingline Lender are affected thereby, the Administrative Agent, the L/C Issuer,

or the Swingline Lender, as applicable;

provided

 that:

 (i) no amendment or waiver pursuant to this Section 13.3 shall (A) increase

any Commitment of any Lender without the consent of such Lender or (B) reduce the

amount of or postpone the date for any scheduled payment of any principal of or interest

on any Loan or of any Reimbursement Obligation or of any fee payable hereunder without

the consent of the Lender to which such payment is owing or which has committed to make

such Loan or Letter of Credit (or participate therein) hereunder;

provided, however,

 that

only the consent of the Required Lenders shall be necessary (i) to amend the default rate

provided in Section 2.9 or to waive any obligation of the Borrower to pay interest or fees

at the default rate as set forth therein 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 or any fee payable hereunder;

 (ii) no amendment or waiver pursuant to this Section 13.3 shall, unless signed

by each Lender, change the definition of Required Lenders, change the provisions of this

Section 13.3, change Section 13.7 in a manner that would affect the ratable sharing of

setoffs required thereby, change the application of payments contained in Section 3.1 or

9.5, release any material Guarantor or all or substantially all of the Collateral (except as

otherwise provided for in the Loan Documents), or affect the number of Lenders required

to take any action hereunder or under any other Loan Document; 

 (iii) no amendment or waiver pursuant to this Section 13.3 shall, unless signed

by each Lender affected thereby, extend the Revolving Credit Termination Date, or extend

the stated expiration date of any Letter of Credit beyond the Revolving Credit Termination

Date; and

 (iv) no amendment to Section 11 shall be made without the consent of the

Guarantor(s) affected thereby.

Notwithstanding anything to the contrary herein, (1) 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 (x)

the Commitment of any Defaulting Lender may not be increased or extended without the consent

of such Lender and (y) any waiver, amendment or modification requiring the consent of all Lenders

or each affected Lender that by its terms affects any Defaulting Lender more adversely than other

affected Lenders shall require the consent of such Defaulting Lender, (2) if the Administrative

Agent and the Borrower have jointly identified an obvious error or any error or omission of a

technical nature, in each case, in any provision of the Loan Documents, then the Administrative

Agent and the Borrower shall be permitted to amend such provision, (3) guarantees, collateral

security documents and related documents executed by the Borrower or any other Loan Party in

connection with this Agreement may be in a form reasonably determined by the Administrative

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Agent and may be amended, supplemented or waived without the consent of any Lender if such

amendment, supplement or waiver is delivered in order to (x) comply with local law or advice of

local counsel, (y) cure ambiguities, omissions, mistakes or defects or (z) cause such guarantee,

collateral security document or other document to be consistent with this Agreement and the other

Loan Documents, (4) the Borrower and the Administrative Agent may, without the input or

consent of any other Lender, effect amendments to this Agreement and the other Loan Documents

as may be necessary in the reasonable opinion of the Borrower and the Administrative Agent to

effect the provisions of Section 2.15, and (5) this Section 13.3 shall be subject to the terms of

Section 4.3(c) in all respects. 

Section 13.4. Costs and Expenses; Indemnification

. 

 (a)

Costs and Expenses. 

The Borrower shall pay (i) all reasonable and documented

out-of-pocket expenses incurred by the Administrative Agent and its Affiliates (including the

reasonable fees, charges and disbursements of outside counsel for the Administrative Agent), in

connection with the syndication of the Revolving Facility of any Incremental Term Loan, 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), including,

without limitation, such documented fees and expenses incurred in connection with (x) the

creation, perfection or protection of the Liens under the Loan Documents (including all title

insurance fees and all search, filing and recording fees) and (y) environmental assessments,

insurance reviews, collateral audits and valuations, and field exams as provided herein, (ii) all

documented reasonable out-of-pocket expenses incurred by any L/C Issuer in connection with the

issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment

thereunder, and (iii) all documented out-of-pocket expenses incurred by the Administrative Agent,

any Lender or any L/C Issuer (including the fees, charges and disbursements of any outside counsel

for the Administrative Agent, any Lender or any L/C Issuer), and shall pay all fees and time

charges for attorneys who may be employees of the Administrative Agent, any Lender or any L/C

Issuer, in connection with the enforcement or protection of its rights (A) in connection with this

Agreement and the other Loan Documents, including its rights under this Section, or (B) in

connection with the Loans made or Letters of Credit issued hereunder, including all such

documented out-of-pocket expenses incurred during any workout, restructuring or negotiations in

respect of such Loans or Letters of Credit (including all such costs and expenses incurred in

connection with any proceeding under the United States Bankruptcy Code involving the Borrower

or any other Loan Party as a debtor thereunder).

 (b)

Indemnification by the Loan Parties. 

Each Loan Party shall indemnify the

Administrative Agent (and any sub-agent thereof), each Lender and each L/C Issuer, 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 losses, claims, damages, liabilities

and related expenses (including the fees, charges and disbursements of any outside counsel for any

Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any Person

(including any third party or the Borrower 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

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hereto of their respective obligations hereunder or thereunder or the consummation of the

transactions contemplated hereby or thereby, or, in the case of Administrative Agent (and any

sub-agent thereof), any Swingline Lender and L/C Issuer, and their Related Parties, the

administration and enforcement of this Agreement and the other Loan Documents (including all

such costs and expenses incurred in connection with any proceeding under the United States

Bankruptcy Code involving the Borrower or any other Loan Party as a debtor thereunder), (ii) any

Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal

by any L/C Issuer to honor a demand for payment under a Letter of Credit if the documents

presented in connection with such demand do not strictly comply with the terms of such Letter of

Credit), (iii) any Environmental Claim or Environmental Liability, including with respect to the

actual or alleged presence or Release of Hazardous Materials, wastes, or products, including

manure, at, on or from any property owned or operated by any Loan Party or any of its Subsidiaries

or at any off-site location, related in any way to any 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 Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party

thereto (including, without limitation, any settlement arrangement arising from or relating to the

foregoing);

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

Borrower 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 Borrower 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. This subsection (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 (i) 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

any of them to the Administrative Agent (or any sub-agent thereof), any L/C Issuer, any Swingline

Lender or any Related Party or (ii) any liabilities, losses, damages, penalties, actions, judgments,

suits, costs, expenses or disbursements of any kind or nature whatsoever are imposed on, incurred

by, or asserted against, Administrative Agent, the L/C Issuer, any Swingline Lender or a Related

Party in any way relating to or arising out of this Agreement or any other Loan Document or any

action taken or omitted to be taken by Administrative Agent, the L/C Issuer, any Swingline Lender

or a Related Party in connection therewith, then, in each case, each Lender severally agrees to pay

to the Administrative Agent (or any such sub-agent), such L/C Issuer, such Swingline Lender 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 Total Credit Exposure at such time) of such unpaid amount (including any such unpaid

amount in respect of a claim asserted by such Lender);

provided

 that with respect to such unpaid

amounts owed to any L/C Issuer or Swingline Lender solely in its capacity as such, only the

Lenders party to the Revolving Facility shall be required to pay such unpaid amounts, such

payment to be made severally among them based on such Lenders’ pro rata share (determined as

of the time that the applicable unreimbursed expense or indemnity payment is sought based on

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each such Lender’s share of the Revolving Credit Exposure at such time); and

provided, further,

that the unreimbursed expense or indemnified 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), such L/C Issuer or such Swingline Lender 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), such

L/C Issuer or any such Swingline Lender in connection with such capacity. The obligations of the

Lenders under this subsection (c) are subject to the provisions of Section 13.15.

 (d)

Waiver of Consequential Damages, Etc. 

To the fullest extent permitted by applicable

law, the Loan Parties shall not assert, and hereby waives, any claim against any Indemnitee, 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, any Loan or Letter of Credit, 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 by it 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.

 (e)

Payments. 

All amounts due under this Section shall be payable not later than 30 days

after demand therefor.

 (f)

Survival. 

Each party’s obligations under this Section shall survive the termination of

the Loan Documents and payment of the obligations hereunder.

Section 13.5. No Waiver, Cumulative Remedies.

 No delay or failure on the part of the

Administrative Agent, the L/C Issuer, or any Lender, or on the part of the holder or holders of any

of the Obligations, in the exercise of any power or right under any Loan Document shall operate

as a waiver thereof or as an acquiescence in any default, nor shall any single or partial exercise of

any power or right preclude any other or further exercise thereof or the exercise of any other power

or right. The rights and remedies hereunder of the Administrative Agent, the L/C Issuer, the

Lenders, and of the holder or holders of any of the Obligations are cumulative to, and not exclusive

of, any rights or remedies which any of them would otherwise have.

 Section 13.6. Right of Setoff.

 In addition to any rights now or hereafter granted under the

Loan Documents or applicable law and not by way of limitation of any such rights, if an Event of

Default shall have occurred and be continuing, each Lender, each L/C Issuer, 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, such L/C Issuer or any such Affiliate, to

or for the credit or the account of the Borrower or any other Loan Party against any and all of the

obligations of the Borrower or such Loan Party now or hereafter existing under this Agreement or

any other Loan Document to such Lender or such L/C Issuer or their respective Affiliates,

irrespective of whether or not such Lender, L/C Issuer or Affiliate shall have made any demand

under this Agreement or any other Loan Document and although such obligations of the Borrower

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or such Loan Party may be contingent or unmatured or are owed to a branch, office or Affiliate of

such Lender or such L/C Issuer 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, (x) all amounts so set off shall be paid over immediately to the

Administrative Agent for further application in accordance with the provisions of Section 2.13

and, pending such payment, shall be segregated by such Defaulting Lender from its other funds

and deemed held in trust for the benefit of the Administrative Agent, the L/C Issuers, and the

Lenders, and (y) the Defaulting Lender shall provide promptly to the Administrative Agent a

statement describing in reasonable detail the Obligations owing to such Defaulting Lender as to

which it exercised such right of setoff. The rights of each Lender, each L/C Issuer and their

respective Affiliates under this Section are in addition to other rights and remedies (including other

rights of setoff) that such Lender, such L/C Issuer or their respective Affiliates may have. Each

Lender and L/C Issuer 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.

Section 13.7. Sharing of Payments by Lenders.

 If any Lender shall, by exercising any right

of setoff or counterclaim or otherwise, obtain payment in respect of any principal of or interest on

any of its Loans or other obligations hereunder resulting in such Lender receiving payment of a

proportion of the aggregate amount of its Loans and accrued interest thereon or other such

obligations greater than its pro rata share thereof as provided herein, then the Lender receiving

such greater proportion shall (a) notify the Administrative Agent of such fact, and (b) purchase

(for cash at face value) participations in the Loans and such other obligations of the other Lenders,

or make such other adjustments as shall be equitable, so that the benefit of all such payments shall

be shared by the Lenders ratably in accordance with the aggregate amount of principal of and

accrued interest on their respective Loans and other amounts owing them;

provided

that:

 (a) if any such participations are purchased and all or any portion of the

payment giving rise thereto is recovered, such participations shall be rescinded and the

purchase price restored to the extent of such recovery, without interest; and

 (b) the provisions of this Section shall not be construed to apply to (x) any

payment made by the Borrower pursuant to and in accordance with the express terms of

this Agreement (including the application of funds arising from the existence of a

Defaulting Lender), or (y) any payment obtained by a Lender as consideration for the

assignment of or sale of a participation in any of its Loans or participations in L/C

Obligations to any assignee or participant, other than to any Loan Party or any Subsidiary

thereof (as to which the provisions of this Section shall apply).

Each Loan Party consents to the foregoing and agrees, to the extent it may effectively do so under

applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements

may exercise against each Loan Party rights of setoff and counterclaim with respect to such

participation as fully as if such Lender were a direct creditor of each Loan Party in the amount of

such participation.

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Section 13.8. Survival of Representations.

 All representations and warranties made herein

or in any other Loan Document or in certificates given pursuant hereto or thereto shall survive the

execution and delivery of this Agreement and the other Loan Documents, and shall continue in

full force and effect with respect to the date as of which they were made as long as any credit is in

use or available hereunder.

Section 13.9.

Survival of Indemnities.

 All indemnities and other provisions relative to

reimbursement to the Lenders and L/C Issuer of amounts sufficient to protect the yield of the

Lenders and L/C Issuer with respect to the Loans and Letters of Credit, including, but not limited

to, Sections 4.1, 4.4, 4.5, and 13.4, shall survive the termination of this Agreement and the other

Loan Documents and the payment of the Obligations.

Section 13.10. Counterparts; Integration; Effectiveness

. 

 (a)

Counterparts; Integration; Effectiveness.

 This Agreement may be executed in

counterparts (and by different parties hereto in different counterparts), each of which shall

constitute an original, but all of which when taken together shall constitute a single contract. This

Agreement and 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 7.2, 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 by facsimile or in electronic (e.g., “pdf” or “tif”) format shall be effective

as delivery of a manually executed counterpart of this Agreement. 

 (b)

Electronic Execution of Assignments.

 The words “execution,” “signed,” “signature,”

and words of like import in any Assignment and Assumption shall be deemed to include electronic

signatures or the keeping of records in electronic form, each of which shall be of the same legal

effect, validity or enforceability as a manually executed signature or the use of a paper-based

recordkeeping system, as the case may be, to the extent and as provided for in any applicable law,

including the Federal Electronic Signatures in Global and National Commerce Act, the Illinois

State Electronic Commerce Security Act, or any other similar state laws based on the Uniform

Electronic Transactions Act. 

Section 13.11. Headings.

 Section headings used in this Agreement are for reference only

and shall not affect the construction of this Agreement.

Section 13.12. Severability of Provisions.

 Any provision of any Loan Document which is

unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such

unenforceability without invalidating the remaining provisions hereof or affecting the validity or

enforceability of such provision in any other jurisdiction. All rights, remedies and powers

provided in this Agreement and the other Loan Documents may be exercised only to the extent

that the exercise thereof does not violate any applicable mandatory provisions of law, and all the

provisions of this Agreement and other Loan Documents are intended to be subject to all applicable

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mandatory provisions of law which may be controlling and to be limited to the extent necessary

so that they will not render this Agreement or the other Loan Documents invalid or unenforceable.

Section 13.13. Construction

. The parties acknowledge and agree that the Loan Documents

shall not be construed more favorably in favor of any party hereto based upon which party drafted

the same, it being acknowledged that all parties hereto contributed substantially to the negotiation

of the Loan Documents. The provisions of this Agreement relating to Subsidiaries shall only apply

during such times as the Borrower has one or more Subsidiaries. N

OTHING CONTAINED HEREIN

SHALL BE DEEMED OR CONSTRUED TO PERMIT ANY ACT OR OMISSION WHICH IS PROHIBITED BY THE

TERMS OF ANY

C

OLLATERAL

D

OCUMENT

,

 THE COVENANTS AND AGREEMENTS CONTAINED HEREIN

BEING IN ADDITION TO AND NOT IN SUBSTITUTION FOR THE COVENANTS AND AGREEMENTS

CONTAINED IN THE

C

OLLATERAL

D

OCUMENTS

.

Section 13.14. Excess Interest

. Notwithstanding any provision to the contrary contained

herein or in any other Loan Document, no such provision shall require the payment or permit the

collection of any amount of interest in excess of the maximum amount of interest permitted by

applicable law to be charged for the use or detention, or the forbearance in the collection, of all or

any portion of the Loans or other obligations outstanding under this Agreement or any other Loan

Document (

“Excess Interest”

). If any Ex

cess Interest is provided for, or is adjudicated to be

provided for, herein or in any other Loan Document, then in such event (a) the provisions of this

Section shall govern and control, (b) neither the Borrower nor any guarantor or endorser shall be

obligated to pay any Excess Interest, (c) any Excess Interest that the Administrative Agent or any

Lender may have received hereunder shall, at the option of the Administrative Agent, be (i) applied

as a credit against the then outstanding principal amount of Obligations hereunder and accrued and

unpaid interest thereon (not to exceed the maximum amount permitted by applicable law),

(ii) refunded to the Borrower, or (iii) any combination of the foregoing, (d) the interest rate payable

hereunder or under any other Loan Document shall be automatically subject to reduction to the

maximum lawful contract rate allowed under applicable usury laws (the

“Maximum Rate”

), and

this Agreement and the other Loan Documents shall be deemed to have been, and shall be,

reformed and modified to reflect such reduction in the relevant interest rate, and (e) neither the

Borrower nor any guarantor or endorser shall have any action against the Administrative Agent or

any Lender for any damages whatsoever arising out of the payment or collection of any Excess

Interest. Notwithstanding the foregoing, if for any period of time interest on any of Borrower’s

Obligations is calculated at the Maximum Rate rather than the applicable rate under this

Agreement, and thereafter such applicable rate becomes less than the Maximum Rate, the rate of

interest payable on the Borrower’s Obligations shall remain at the Maximum Rate until the

Lenders have received the amount of interest which such Lenders would have received during such

period on the Borrower’s Obligations had the rate of interest not been limited to the Maximum

Rate during such period.

Section 13.15. Lender’s and L/C Issuer’s Obligations Several

. The obligations of the

Lenders and L/C Issuer hereunder are several and not joint. Nothing contained in this Agreement

and no action taken by the Lenders or L/C Issuer pursuant hereto shall be deemed to constitute the

Lenders and L/C Issuer a partnership, association, joint venture or other entity.

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Section 13.16. No 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), each Loan Party acknowledges and

agrees, and acknowledges its Affiliates’ understanding, that: (a) (i) no fiduciary, advisory or

agency relationship between any Loan Party and its Subsidiaries and the Administrative Agent,

the L/C Issuer, or any Lender is intended to be or has been created in respect of the transactions

contemplated hereby or by the other Loan Documents, irrespective of whether the Administrative

Agent, the L/C Issuer, or any Lender has advised or is advising any Loan Party or any of its

Subsidiaries on other matters, (ii) the arranging and other services regarding this Agreement

provided by the Administrative Agent, the L/C Issuer, and the Lenders are arm’s-length

commercial transactions between such Loan Parties and their Affiliates, on the one hand, and the

Administrative Agent, the L/C Issuer, and the Lenders, on the other hand, (iii) each Loan Party has

consulted its own legal, accounting, regulatory and tax advisors to the extent that it has deemed

appropriate and (iv) each 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; and (b) (i) the Administrative Agent, the L/C Issuer, and the Lenders 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 any Loan Party or

any of its Affiliates, or any other Person; (ii) none of the Administrative Agent, the L/C Issuer,

and the Lenders has any obligation to any Loan Party or any of its Affiliates with respect to the

transactions contemplated hereby except those obligations expressly set forth herein and in the

other Loan Documents; and (iii) the Administrative Agent, the L/C Issuer, and the Lenders and

their respective Affiliates may be engaged, for their own accounts or the accounts of customers, in

a broad range of transactions that involve interests that differ from those of any Loan Party and its

Affiliates, and none of the Administrative Agent, the L/C Issuer, and the Lenders has any

obligation to disclose any of such interests to any Loan Party or its Affiliates. To the fullest extent

permitted by law, each Loan Party hereby waives and releases any claims that it may have against

the Administrative Agent, the L/C Issuer, and the Lenders with respect to any breach or alleged

breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated

hereby.

Section 13.17. Governing Law; Jurisdiction; Consent to Service of Process

. (a) This

Agreement, the Notes and the other Loan Documents (except as otherwise specified therein), and

the rights and duties of the parties hereto, shall be construed and determined in accordance with

the laws of the State of Illinois

without regard to conflicts of law principles that would require

application of the laws of another jurisdiction.

 (b) Each party hereto hereby irrevocably and unconditionally submits, for itself and its

property, to the nonexclusive jurisdiction of the United States District Court for the Northern

District of Illinois and of any Illinois State court sitting in the City of Chicago, and any appellate

court from any thereof, in any action or proceeding arising out of or relating to any Loan

Document, or for recognition or enforcement of any judgment, and each party hereto hereby

irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding

may be heard and determined in such Illinois State court or, to the extent permitted by applicable

Legal Requirements, in such federal court. Each party hereto hereby agrees that a final judgment

in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by

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suit on the judgment or in any other manner provided by applicable Legal Requirements. Nothing

in this Agreement or any other Loan Document or otherwise shall affect any right that the

Administrative Agent, the L/C Issuer or any Lender may otherwise have to bring any action or

proceeding relating to this Agreement or any other Loan Document against the Borrower or any

Guarantor or its respective properties in the courts of any jurisdiction.

 (c) Each Loan Party hereby irrevocably and unconditionally waives, to the fullest extent

permitted by applicable Legal Requirements, any objection which it may now or hereafter have to

the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement or

any other Loan Document in any court referred to in Section 13.17(b). Each party hereto hereby

irrevocably waives, to the fullest extent permitted by applicable Legal Requirements, the defense

of an inconvenient forum to the maintenance of such action or proceeding in any such court.

 (d) Each party to this Agreement irrevocably consents to service of process in any action

or proceeding arising out of or relating to any Loan Document, in the manner provided for notices

(other than telecopy or e-mail) in Section 13.1. Nothing in this Agreement or any other Loan

Document will affect the right of any party to this Agreement to serve process in any other manner

permitted by applicable Legal Requirements.

Section 13.18. Waiver of Jury Trial

. Each party hereto hereby irrevocably waives, to the

fullest extent permitted by applicable Legal Requirements, any right it may have to a trial by jury

in any legal proceeding directly or indirectly arising out of or relating to any Loan Document or

the transactions contemplated thereby (whether based on contract, tort or any other theory). Each

party hereto (a) certifies that no representative, agent or attorney of any other party has represented,

expressly or otherwise, that such other party 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 by, among other things, the mutual waivers and certifications in this

Section.

Section 13.19. USA Patriot Act

. Each Lender and L/C Issuer that is subject to the

requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26,

2001)) (the

“Act”

) hereby notifies the Borrower that pursuant to the requirements of the Act, it is

required to obtain, verify, and record information that identifies the Borrower, which information

includes the name and address of the Borrower and other information that will allow such Lender

or L/C Issuer to identify the Borrower in accordance with the Act.

Section 13.20. Confidentiality

. Each of the Administrative Agent, the Lenders and the L/C

Issuers agree to maintain the confidentiality of the Information (as defined below), except that

Information may be disclosed (a) 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 instructed and agrees to keep such Information confidential); (b) to the extent

required by any regulatory authority purporting to have jurisdiction over such Person or its Related

Parties (including any self-regulatory authority, such as the National Association of Insurance

Commissioners); (c) to the extent required by applicable laws or regulations or by any subpoena

or similar legal process; (d) to any other party hereto; (e) in connection with the exercise of any

remedies hereunder or under any other Loan Document or any action or proceeding relating to this

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Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder;

(f) subject to an agreement containing provisions substantially the same as those of this Section,

to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its

rights and obligations under this Agreement, or (ii) 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 Borrower and its obligations, this Agreement or payments hereunder; (g) on a

confidential basis to (i) any rating agency in connection with rating any Loan Party or its

Subsidiaries or the Revolving Facility or any Incremental Term Loan or (ii) the CUSIP Service

Bureau or any similar agency in connection with the issuance and monitoring of CUSIP numbers

with respect to the Revolving Facility or Incremental Term Loan; (h) with the consent of the

Borrower; or (i) to the extent such Information (x) becomes publicly available other than as a result

of a breach of this Section, or (y) becomes available to the Administrative Agent, any Lender, any

L/C Issuer or any of their respective Affiliates on a nonconfidential basis from a source other than

the Borrower. For purposes of this Section,

“Information”

 means all information received from a

Loan Party or any of its Subsidiaries relating to a Loan Party or any of its Subsidiaries or any of

their respective businesses, other than any such information that is available to the Administrative

Agent, any Lender or any L/C Issuer on a nonconfidential basis prior to disclosure by a Loan Party

or any of its Subsidiaries;

provided

 that, in the case of information received from a Loan Party or

any of its Subsidiaries after the date hereof, such information is clearly identified at the time of

delivery as confidential or is information that is not made available to the public and as such

whether or not marked as confidential is to be held in confidence by the recipient. 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.

 Section 13.21. Acknowledgement and Consent to Bail-In of EEA Financial Institutions. 

Notwithstanding anything to the contrary in any Loan Document or in any other agreement,

arrangement or understanding among any such parties, each party hereto (including any party

becoming a party hereto by virtue of an Assignment and Assumption) acknowledges that any

liability of any EEA Financial Institution arising under any Loan Document, to the extent such

liability is unsecured, may be subject to the write-down and conversion powers of an EEA

Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

 (a) the application of any Write-Down and Conversion Powers by an EEA

Resolution Authority to any such liabilities arising hereunder which may be payable to it

by any party hereto that is an EEA Financial Institution; and

 (b) the effects of any Bail-in Action on any such liability, including, if

applicable:

 (i) a reduction in full or in part or cancellation of any such liability;

 (ii) a conversion of all, or a portion of, such liability into shares or other

instruments of ownership in such EEA Financial Institution, its parent undertaking,

or a bridge institution that may be issued to it or otherwise conferred on it, and that

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such shares or other instruments of ownership will be accepted by it in lieu of any

rights with respect to any such liability under this Agreement or any other Loan

Document; or

 (iii) the variation of the terms of such liability in connection with the

exercise of the write-down and conversion powers of any EEA Resolution

Authority.

 Section 13.22. Amendment and Restatement

. This Agreement amends and restates the

Existing Credit Agreement and is not intended to be or operate as a novation or an accord and

satisfaction of the Existing Credit Agreement or the indebtedness, obligations and liabilities of the

Loan Parties evidenced or provided for thereunder. Without limiting the generality of the

foregoing, each Loan Party agrees that notwithstanding the execution and delivery of this

Agreement, the Liens previously granted to the Administrative Agent pursuant to the Collateral

Documents shall be and remain in full force and effect and that any rights and remedies of the

Administrative Agent thereunder and obligations of the Loan Parties thereunder shall be and

remain in full force and effect, shall not be affected, impaired or discharged thereby (except as

expressly amended by the Loan Documents) and shall secure all of the Borrower’s indebtedness,

obligations and liabilities to the Administrative Agent and the Lenders under the Existing Credit

Agreement as amended and restated hereby. Without limiting the foregoing, the parties to this

Agreement hereby acknowledge and agree that the “Credit Agreement” and the “Notes” referred

to in the Collateral Documents shall from and after the date hereof be deemed references to this

Agreement and the Notes issued hereunder.

 Section 13.23. Acknowledgement Regarding Any Supported QFCs.

 (a) To the extent that

the Loan Documents provide support, through a guarantee or otherwise, for Hedge Agreements or

any other agreement or instrument that is a QFC (such support,

“QFC Credit Support”

, and each

such QFC, a

“Supported QFC”

), the parties acknowledge and agree as follows with respect to the

resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit

Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act

(together with the regulations promulgated thereunder, the

“U.S. Special Resolution Regimes”

) in

respect of such Supported QFC and QFC Credit Support (with the provisions below applicable

notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to be

governed by the laws of the State of New York and/or of the United States or any other state of

the United States):

In the event a Covered Entity that is party to a Supported QFC (each, a

“Covered

Party”

) becomes subject to a proceeding under a U.S. Special Resolution Regime, the

transfer of such Supported QFC and the benefit of such QFC Credit Support (and any

interest and obligation in or under such Supported QFC and such QFC Credit Support, and

any rights in property securing such Supported QFC or such QFC Credit Support) from

such Covered Party will be effective to the same extent as the transfer would be effective

under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit

Support (and any such interest, obligation and rights in property) were governed by the

laws of the United States or a state of the United States. In the event a Covered Party or a

BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special

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Resolution Regime, Default Rights under the Loan Documents that might otherwise apply

to such Supported QFC or any QFC Credit Support that may be exercised against such

Covered Party are permitted to be exercised to no greater extent than such Default Rights

could be exercised under the U.S. Special Resolution Regime if the Supported QFC and

the Loan Documents were governed by the laws of the United States or a state of the United

States. Without limitation of the foregoing, it is understood and agreed that rights and

remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights

of any Covered Party with respect to a Supported QFC or any QFC Credit Support.

 (b)

Certain Defined Terms.

 As used in this Section 13.23(a):

 “

BHC Act Affiliate”

 of a party means an “affiliate” (as such

term is defined under, and interpreted in accordance with, 12 U.S.C.

1841(k)) of such party.

 “Covered Entity”

 means any of the following: (i) a “covered

entity” as that term is defined in, and interpreted in accordance with,

12 C.F.R. § 252.82(b); (ii) a “covered bank” as that term is defined

in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or (iii) a

“covered FSI” as that term is defined in, and interpreted in

accordance with, 12 C.F.R. § 382.2(b).

 “Default Right”

 has the meaning assigned to that term in,

and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81,

47.2 or 382.1, as applicable.

“QFC”

 has the meaning assigned to the term “qualified financial contract” in, and shall be

interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D).

[S

IGNATURE

P

AGES TO

F

OLLOW

]

-1-

This Amended and Restated Credit Agreement is entered into between us for the uses and

purposes hereinabove set forth as of the date first above written.

“B

ORROWER

”

C

AL

-M

AINE

F

OODS

,

I

NC

.

By ____________________________________

Max Bowman

Vice President – Chief Financial Officer

“G

UARANTORS

”

A

MERICAN

E

GG

P

RODUCTS

,

LLC

By ____________________________________

Max Bowman

Vice President – Chief Financial Officer of

Cal-Maine Foods, Inc.

B

ENTON

C

OUNTY

F

OODS

,

LLC

By ____________________________________

Max Bowman

Vice President – Chief Financial Officer of

Cal-Maine Foods, Inc.

W

HARTON

C

OUNTY

F

OODS

,

LLC

By ____________________________________

Max Bowman

Vice President – Chief Financial Officer of

Cal-Maine Foods, Inc.

-2-

S

OUTHERN

E

QUIPMENT

D

ISTRIBUTORS

,

I

NC

.

By ____________________________________

Max Bowman

Vice President – Chief Financial Officer of

Cal-Maine Foods, Inc.

S

OUTH

T

EXAS

A

PPLICATORS

,

I

NC

.

By ____________________________________

Max Bowman

Vice President – Chief Financial Officer of

Cal-Maine Foods, Inc.

R

ED

R

IVER

V

ALLEY

E

GG

F

ARM

,

LLC

By ____________________________________

Max Bowman

Vice President – Chief Financial Officer of

Cal-Maine Foods, Inc.

C

AL

-M

AINE

R

EAL

E

STATE

LLC

By ____________________________________

Max Bowman

Vice President – Chief Financial Officer of

Cal-Maine Foods, Inc.

T

EXAS

E

GG

P

RODUCTS

,

LLC

By ____________________________________

Max Bowman

Vice President – Chief Financial Officer of

Cal-Maine Foods, Inc.

-3-

“A

DMINISTRATIVE

A

GENT AND

L/C I

SSUER

”

BMO

H

ARRIS

B

ANK

N.A., as L/C Issuer and as

Administrative Agent

By: ____________________________________

 David J. Bechstein

 Director

-4-

“L

ENDERS

”

BMO

H

ARRIS

B

ANK

N.A.

By: ____________________________________

 David J. Bechstein

 Director

G

REEN

S

TONE

F

ARM

C

REDIT

S

ERVICES

,

ACA

By ____________________________________

 Name _______________________________

 Title ________________________________

-1-

A

G

F

IRST

F

ARM

C

REDIT

B

ANK

By ____________________________________

 Name _______________________________

 Title ________________________________

-1-

C

OMPEER

F

INANCIAL

,

ACA

By ____________________________________

 Name _______________________________

 Title ________________________________

-1-

F

ARM

C

REDIT

B

ANK OF

T

EXAS

By ____________________________________

 Name _______________________________

 Title ________________________________

-1-

E

XHIBIT

 A

N

OTICE OF

P

AYMENT

R

EQUEST

[Date]

[Name of Lender]

[Address]

Attention:

Reference is made to the Amended and Restated Credit Agreement, dated as of November

15, 2021 among Cal-Maine Foods, Inc., the Lenders party thereto, and BMO Harris Bank N.A., as

Administrative Agent (as extended, renewed, amended or restated from time to time, the

“Credit

Agreement”

). Capitalized terms used herein and not defined herein have the meanings assigned

to them in the Credit Agreement. [The Borrower has failed to pay its Reimbursement Obligation

in the amount of $____________. Your Revolver Percentage of the unpaid Reimbursement

Obligation is $_____________] or [__________________________ has been required to return a

payment by the Borrower of a Reimbursement Obligation in the amount of $_______________. 

Your Revolver Percentage of the returned Reimbursement Obligation is $_______________.]

Very truly yours,

BMO Harris Bank N.A., as L/C Issuer 

By 

 Name _______________________________

 Title ________________________________

-1-

E

XHIBIT

 B

N

OTICE OF

B

ORROWING

Date: ____________, ____

To: BMO Harris Bank N.A., as Administrative Agent for

the Lenders party to the Amended and Restated Credit

Agreement dated as of November 15, 2021 (as

extended, renewed, amended or restated from time to

time, the

“Credit Agreement”

), among Cal-Maine

Foods, Inc., certain Lenders which are signatories

thereto, and BMO Harris Bank N.A., as

Administrative Agent

Ladies and Gentlemen:

The undersigned, Cal-Maine Foods, Inc. (the

“Borrower”

), refers to the Credit Agreement,

the terms defined therein being used herein as therein defined, and hereby gives you notice

irrevocably, pursuant to Section 2.6 of the Credit Agreement, of the Borrowing specified below:

 1. The Business Day of the proposed Borrowing is ___________, ____.

 2. The aggregate amount of the proposed Borrowing is $______________.

 3. The Borrowing is to be comprised of $___________ of

[Base Rate]

[Eurodollar]

 Loans.

[4. The duration of the Interest Period for the Eurodollar Loans included

in the Borrowing shall be ____________ months.]

The undersigned hereby certifies that the following statements are true on the date hereof,

and will be true on the date of the proposed Borrowing, before and after giving effect thereto and

to the application of the proceeds therefrom:

 (a) the representations and warranties contained in Section 6 of the Credit

Agreement are true and correct in all material respects (where not already qualified by

materiality, otherwise in all respects) as though made on and as of such date (except to the

extent such representations and warranties relate to an earlier date, in which case they are

true and correct in all material respects (where not already qualified by materiality,

otherwise in all respects) as of such earlier date); and

-2-

 (b) no Default has occurred and is continuing or would result from such

proposed Borrowing.

C

AL

-M

AINE

F

OODS

,

I

NC

.

By 

 Name _______________________________

 Title ________________________________

-1-

E

XHIBIT

 C

N

OTICE OF

C

ONTINUATION

/C

ONVERSION

Date: ____________, ____

To: BMO Harris Bank N.A, as Administrative Agent for

the Lenders party to the Amended and Restated Credit

Agreement dated as of November 15, 2021, (as

extended, renewed, amended or restated from time to

time, the

“Credit Agreement”

) among Cal-Maine

Foods, Inc., certain Lenders which are signatories

thereto, and BMO Harris Bank N.A., as Administrative

Agent

Ladies and Gentlemen:

The undersigned, Cal-Maine Foods, Inc. (the

“Borrower”

), refers to the Credit Agreement,

the terms defined therein being used herein as therein defined, and hereby gives you notice

irrevocably, pursuant to Section 2.6 of the Credit Agreement, of the

[conversion] [continuation]

of the Loans specified herein, that:

 1. The conversion/continuation Date is __________, ____.

 2. The aggregate amount of the Revolving

Loans to be

[converted]

[continued]

 is $______________.

 3. The Loans are to be [

converted into] [continued as] [Eurodollar] [Base

Rate]

 Loans.

 4.

[If applicable:]

 The duration of the Interest Period for the [Revolving]

[Incremental Term]

Loans included in the

[conversion] [continuation]

 shall be

_________ months.

C

AL

-M

AINE

F

OODS

,

I

NC

.

By 

 Name _______________________________

 Title ________________________________

-1-

E

XHIBIT

 D-1

R

EVOLVING

N

OTE

U.S.

$_______________ ____________, ______

F

OR

 V

ALUE

 R

ECEIVED

, the undersigned, Cal-Maine Foods, Inc., a Delaware corporation

(the

“Borrower”

), hereby promises to pay to ____________________ (the

“Lender”

) or its

registered assigns on the Revolving Credit Termination Date of the hereinafter defined Credit

Agreement, at the principal office of the Administrative Agent in Chicago, Illinois (or such other

location as the Administrative Agent may designate to the Borrower), in immediately available

funds, the principal sum of ___________________ Dollars ($__________) or, if less, the

aggregate unpaid principal amount of all Revolving Loans made by the Lender to the Borrower

pursuant to the Credit Agreement, together with interest on the principal amount of each Revolving

Loan from time to time outstanding hereunder at the rates, and payable in the manner and on the

dates, specified in the Credit Agreement.

This Note is one of the Revolving Notes referred to in the Amended and Restated Credit

Agreement dated as of November 15, 2021, among the Borrower, the Guarantors party thereto, the

Lenders and L/C Issuer party thereto, and BMO Harris Bank N.A., as Administrative Agent (as

extended, renewed, amended or restated from time to time, the

“Credit Agreement”

), and this Note

and the holder hereof are entitled to all the benefits and security

provided for thereby or referred

to therein, to which Credit Agreement reference is hereby made for a statement thereof. All

defined terms used in this Note, except terms otherwise defined herein, shall have the same

meaning as in the Credit Agreement. This Note shall be governed by and construed in accordance

with the internal laws of the State of Illinois.

Voluntary prepayments may be made hereon, certain prepayments are required to be made

hereon, and this Note may be declared due prior to the expressed maturity hereof, all in the events,

on the terms and in the manner as provided for in the Credit Agreement.

[This Note amends and restates in its entirety that certain Revolving Note dated as of

July 10, 2018, in the original principal amount of $[_______] made by the Borrower to the Lender

(the “

Prior Note

”) and is issued in substitution and replacement for, and evidences all of the

indebtedness previously evidenced by, the Prior Note. This Note supersedes the Prior Note and

shall not be deemed to constitute a novation.]

The Borrower hereby waives demand, presentment, protest or notice of any kind hereunder.

C

AL

-M

AINE

F

OODS

,

I

NC

.

-2-

By 

 Name _______________________________

 Title ________________________________

-1-

E

XHIBIT

 D-2

S

WING

N

OTE

U.S.

$_____________ ____________, ___

F

OR

 V

ALUE

 R

ECEIVED

, the undersigned, Cal-Maine Foods, Inc., a Delaware corporation

(the

“Borrower”

), hereby promises to pay to ___________________ (the

“Lender”

) or its

registered assigns on the Revolving Credit Termination Date of the hereinafter defined Credit

Agreement, at the principal office of the Administrative Agent in Chicago, Illinois (or such other

location as the Administrative Agent may designate to the Borrower), in immediately available

funds, the principal sum of _______________________________ Dollars ($____________) or, if

less, the aggregate unpaid principal amount of all Swingline Loans made by the Lender to the

Borrower pursuant to the Credit Agreement, together with interest on the principal amount of each

Swingline Loan from time to time outstanding hereunder at the rates, and payable in the manner

and on the dates, specified in the Credit Agreement.

This Note is the Swing Note referred to in the Amended and Restated Credit Agreement

dated as of November 15, 2021, among the Borrower, the Guarantors party thereto, the Lenders

and L/C Issuer party thereto, and BMO Harris Bank N.A., as Administrative Agent (as extended,

renewed, amended or restated from time to time, the

“Credit Agreement”

), and this Note and the

holder hereof are entitled to all the benefits and security provided for thereby or referred to therein,

to which Credit Agreement reference is hereby made for a statement thereof. All defined terms

used in this Note, except terms otherwise defined herein, shall have the same meaning as in the

Credit Agreement. This Note shall be governed by and construed in accordance with the internal

laws of the State of Illinois.

Voluntary prepayments may be made hereon, certain prepayments are required to be made

hereon, and this Note may be declared due prior to the expressed maturity hereof, all in the events,

on the terms and in the manner as provided for in the Credit Agreement.

This Note amends and restates in its entirety that certain Swing Note dated as of

July 10, 2018, in the original principal amount of $7,500,000 made by the Borrower to the Lender

(the “

Prior Note

”) and is issued in substitution and replacement for, and evidences all of the

indebtedness previously evidenced by, the Prior Note. This Note supersedes the Prior Note and

shall not be deemed to constitute a novation.

The Borrower hereby waives demand, presentment, protest or notice of any kind hereunder.

C

AL

-M

AINE

F

OODS

,

I

NC

.

-2-

By 

 Name _______________________________

 Title ________________________________

-1-

E

XHIBIT

 E

C

AL

-M

AINE

F

OODS

,

I

NC

.

C

OMPLIANCE

C

ERTIFICATE

To: BMO Harris Bank N.A., as Administrative Agent

under, and the Lenders and L/C Issuer party to, the

Credit Agreement described below

This Compliance Certificate is furnished to the Administrative Agent, the L/C Issuer, and

the Lenders pursuant to that certain Amended and Restated Credit Agreement dated as of

November 15, 2021, among Cal-Maine Foods, Inc., as Borrower, the Guarantors referred to

therein, the Lenders and L/C Issuer party thereto from time to time, and BMO Harris Bank N.A.,

as Administrative Agent (as extended, renewed, amended or restated from time to time, the

“Credit

Agreement”

). Unless otherwise defined herein, the terms used in this Compliance Certificate have

the meanings ascribed thereto in the Credit Agreement.

T

HE

U

NDERSIGNED HEREBY CERTIFIES THAT

:

 1. I am the duly elected ____________ of the Borrower;

 2. I have reviewed the terms of the Credit Agreement and I have made, or have caused

to be made under my supervision, a detailed review of the transactions and conditions of the

Borrower and its Subsidiaries during the accounting period covered by the attached financial

statements;

 3. The examinations described in paragraph 2 did not disclose, and I have no knowledge

of, the existence of any condition or the occurrence of any event which constitutes a Default during

or at the end of the accounting period covered by the attached financial statements or as of the date

of this Compliance Certificate, except as set forth below;

 4. The financial statements required by Section 8.5 of the Credit Agreement and being

furnished to you concurrently with this Compliance Certificate are true, correct and complete in

all material respects as of the date and for the periods covered thereby; and

 5. The Schedule I hereto sets forth financial data and computations evidencing the

Borrower’s compliance with certain covenants of the Credit Agreement, all of which data and

computations are, to the best of my knowledge, true, complete and correct and have been made in

accordance with the relevant Sections of the Credit Agreement. In the event of a conflict between

the attached spreadsheet and any certifications relating thereto and the Credit Agreement and

related definitions used in calculating such covenants, the Credit Agreement and such related

definitions shall govern and control.

-2-

Described below are the exceptions, if any, to paragraph 3 by listing, in detail, the nature

of the condition or event, the period during which it has existed and the action which the Borrower

has taken, is taking, or proposes to take with respect to each such condition or event:

________________________________________________________________ 

________________________________________________________________ 

________________________________________________________________ 

________________________________________________________________ 

The foregoing certifications, together with the computations set forth in Schedule I hereto

and the financial statements delivered with this Certificate in support hereof, are made and

delivered this ______ day of __________________ 20___.

C

AL

-M

AINE

F

OODS

,

I

NC

.

By 

 Name _______________________________

 Title ________________________________

-1-

S

CHEDULE

I

TO

C

OMPLIANCE

C

ERTIFICATE

C

AL

-M

AINE

F

OODS

,

I

NC

.

C

OMPLIANCE

C

ALCULATIONS

FOR

C

REDIT

A

GREEMENT DATED AS OF

N

OVEMBER

15,

2021

C

ALCULATIONS AS OF

_____________,

_______

A. Total Funded Debt to Capitalization Ratio (Section 8.22(a)) (as of

the last day of the fiscal quarter indicated above)

1. all indebtedness created, assumed or incurred by the

Borrower and its Subsidiaries representing money borrowed

$___________

2. all indebtedness of the Borrower and its Subsidiaries for the

deferred purchase price of property or services (other than

trade accounts payable arising in the ordinary course of

business)

$___________

3. all indebtedness secured by any Lien upon Property of the

Borrower and its Subsidiaries, whether or not such Person

has assumed or become liable for the payment of such

indebtedness

$___________

4. all Capitalized Lease Obligations of the Borrower and its

Subsidiaries

$___________

5. all obligations of the Borrower and its Subsidiaries on or

with respect to letters of credit, bankers’ acceptances and

other extensions of credit whether or not representing

obligations for borrowed money

$___________

6. all obligations of the Borrower and its Subsidiaries to

purchase, redeem, retire, defease or otherwise make any

payment in respect of any equity interest in such Person or

any other Person or any warrant, right or option to acquire

such equity interest, valued, in the case of a redeemable

preferred interest, at the greater of its voluntary or

involuntary liquidation preference plus accrued and unpaid

dividend

$___________

7. all Indebtedness of any other Person which is directly or

indirectly Guaranteed by the Borrower or any of its

Subsidiaries or which the Borrower or any of its Subsidiaries

has agreed (contingently or otherwise) to purchase or

$___________

-2-

otherwise acquire or in respect of which the Borrower or any

of its Subsidiaries has otherwise assured a creditor against

loss

8. Total Funded Debt (Sum of Lines A1 – A7)

$___________

9. Total shareholder’s equity (including capital stock,

additional paid in capital, and retained earnings after

deducting treasury stock) that would appear on the balance

sheet of the Borrower and its Subsidiaries, determined in

accordance with GAAP on a consolidated basis

$___________

10. Total Capitalization (Sum of Lines A8 and A9)

$___________

11. Ratio of Line A8 to A10

________ to 1.0

11. Line A10 must be equal to or less than

0.5 to 1.0

12. The Borrower is in compliance (circle yes or no)

yes/no

B. Minimum Tangible Net Worth (Section 8.22(b)) (as of the last day

of the fiscal quarter indicated above)

1. total shareholder’s equity that would appear on the balance

sheet of the Borrower and its Subsidiaries minus the sum of

(a) all assets which would be classified as intangible assets

under GAAP, including, without limitation, goodwill,

patents, trademarks, trade names, copyrights, franchises and

deferred charges (including, without limitation, unamortized

debt discount and expense, organization costs and deferred

research and development expense) and similar assets, and

(b) the write up of assets above cost; provided, however, that

intangible assets shall not include prepaid expenses

(including, without limitation, prepaid insurance, software

licenses and support agreements, consulting contracts and

prepaid financing fees) carried on the consolidated balance

sheet, in each case determined on a consolidated basis in

accordance with GAAP

$___________

2. Line B1 must be equal to or greater than (i) $700,000,000

for the fiscal quarter ended November 27, 2021, plus (ii) for

each fiscal quarter ending thereafter, 50% of Net Income

2

$___________

2

 Net Income means, with reference to any period, the net income (or net loss) of the Borrower and its Subsidiaries

for such period computed on a consolidated basis in accordance with GAAP;

provided

 that there shall be

excluded from Net Income (a) the net income (or net loss) of any Person accrued prior to the date it becomes

a Subsidiary of, or has merged into or consolidated with, the Borrower or another Subsidiary, (b) the net

income (or net loss) of any Person (other than a Subsidiary) in which the Borrower or any of its Subsidiaries

has an equity interest, except to the extent of the amount of dividends or other distributions actually paid to

the Borrower or any of its Subsidiaries during such period, and (c) the undistributed earnings of any

-3-

for such fiscal quarter (if Net Income is positive) less

Restricted Payments permitted to be made pursuant to

Section 8.12 during such fiscal quarter

3. The Borrower is in compliance (circle yes or no)

yes/no

Subsidiary to the extent that the declaration or payment of dividends or similar distributions by such

Subsidiary is not at the time permitted by the terms of any contractual obligation (other than under any Loan

Document) or requirement of law applicable to such Subsidiary.

-1-

E

XHIBIT

 F

A

DDITIONAL

G

UARANTOR

S

UPPLEMENT

______________, ___

BMO Harris Bank N.A., as Administrative Agent for the

Lenders and L/C Issuer party to the Amended and Restated

Credit Agreement dated as of November 15, 2021, among

Cal-Maine Foods, Inc., as Borrower, the Guarantors

referred to therein, the Lenders and L/C Issuer party thereto

from time to time, and the Administrative Agent (as

extended, renewed, amended or restated from time to time,

the

“Credit Agreement”

)

Ladies and Gentlemen:

Reference is made to the Credit Agreement described above. Terms not defined herein

which are defined in the Credit Agreement shall have for the purposes hereof the meaning provided

therein.

The undersigned,

[name of Subsidiary Guarantor]

, a

[jurisdiction of incorporation or

organization]

 hereby elects to be a

“Guarantor”

 for all purposes of the Credit Agreement,

effective from the date hereof. The undersigned confirms that the representations and warranties

set forth in Section 6 of the Credit Agreement are true and correct in all material respects (where

not already qualified by materiality, otherwise in all respects) as to the undersigned as of the date

hereof (except to the extent such representations and warranties relate to an earlier date, in which

case they are true and correct in all material respects (where not already qualified by materiality,

otherwise in all respects) as of such earlier date) and the undersigned shall comply with each of

the covenants set forth in Section 8 of the Credit Agreement applicable to it.

Without limiting the generality of the foregoing, the undersigned hereby agrees to perform

all the obligations of a Guarantor under, and to be bound in all respects by the terms of, the Credit

Agreement, including without limitation Section 11 thereof, to the same extent and with the same

force and effect as if the undersigned were a signatory party thereto. 

-2-

The undersigned acknowledges that this Agreement shall be effective upon its execution

and delivery by the undersigned to the Administrative Agent, and it shall not be necessary for the

Administrative Agent, the L/C Issuer, or any Lender, or any of their Affiliates entitled to the

benefits hereof, to execute this Agreement or any other acceptance hereof. This Agreement shall

be construed in accordance with and governed by the internal laws of the State of Illinois.

Very truly yours,

[N

AME OF

S

UBSIDIARY

G

UARANTOR

]

By ____________________________________

 Name _______________________________

 Title ________________________________

-1-

E

XHIBIT

 G

A

SSIGNMENT AND

A

SSUMPTION

This Assignment and Assumption (the

“Assignment and Assumption”

) is dated as of the

Effective Date set forth below and is entered into by and between

[the][each]

1

 Assignor identified

in item 1 below (

[the][each, an]

“Assignor”

) and

[the][each]

2

 Assignee identified in item 2 below

([the][each, an]

“Assignee”

). 

[It is understood and agreed that the rights and obligations of

[the Assignors][the Assignees]

3

 hereunder are several and not joint.]

4

 Capitalized terms used

but not defined herein shall have the meanings given to them in the Credit Agreement identified

below (as amended, the

“Credit Agreement”

), receipt of a copy of which is hereby acknowledged

by

[the][each]

 Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto

are hereby agreed to and incorporated herein by reference and made a part of this Assignment and

Assumption as if set forth herein in full.

For an agreed consideration,

[the][each]

 Assignor hereby irrevocably sells and assigns to

[the Assignee][the respective Assignees]

, and

[the][each]

 Assignee hereby irrevocably purchases

and assumes from

[the Assignor][the respective Assignors]

, subject to and in accordance with

the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by

the Administrative Agent as contemplated below (i) all of

[the Assignor’s][the respective

Assignors’]

 rights and obligations in

[its capacity as a Lender][their respective capacities as

Lenders]

 under the Credit Agreement and any other documents or instruments delivered pursuant

thereto to the extent related to the amount and percentage interest identified below of all of such

outstanding rights and obligations of

[the Assignor][the respective Assignors]

 under the

respective facilities identified below (including without limitation any letters of credit, guarantees,

and swingline loans included in such facilities), and (ii) to the extent permitted to be assigned

under applicable law, all claims, suits, causes of action and any other right of

[the Assignor (in

its capacity as a Lender)][the respective Assignors (in their respective capacities as Lenders)]

against any Person, whether known or unknown, arising under or in connection with the Credit

Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions

governed thereby or in any way based on or related to any of the foregoing, including, but not

limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at

law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above

(the rights and obligations sold and assigned by

[the][any]

 Assignor to

[the][any]

 Assignee

1

 For bracketed language here and elsewhere in this form relating to the Assignor(s), if the assignment is from

a single Assignor, choose the first bracketed language. If the assignment is from multiple Assignors, choose

the second bracketed language.

2

 For bracketed language here and elsewhere in this form relating to the Assignee(s), if the assignment is to a

single Assignee, choose the first bracketed language. If the assignment is to multiple Assignees, choose the

second bracketed language.

3

 Select as appropriate.

4

 Include bracketed language if there are either multiple Assignors or multiple Assignees.

-2-

pursuant to clauses (i) and (ii) above being referred to herein collectively as

[the][an]

“Assigned

Interest”

). Each such sale and assignment is without recourse to

[the][any]

 Assignor and, except

as expressly provided in this Assignment and Assumption, without representation or warranty by

[the][any]

 Assignor.

1. Assignor

[s]

: ________________________________

 ________________________________

[Assignor [is] [is not] a Defaulting Lender]

2. Assignee

[s]

: ________________________________

 ________________________________

[for each Assignee, indicate [Affiliate] of [

identify Lender

]

3. Borrower(s): Cal-Maine Foods, Inc.

4. Administrative Agent: BMO Harris Bank, N.A., as the administrative agent under

the Credit Agreement

5. Credit Agreement: Amended and Restated Credit Agreement dated as of

November 15, 2021, among Cal-Maine Foods, Inc., the Lenders parties thereto, and

BMO Harris Bank N.A., as Administrative Agent

6. Assigned Interest[s]:

A

SSIGNOR

[

S

]

5

A

SSIGNEE

[

S

]

6

F

ACILITY

A

SSIGNED

7

A

GGREGATE

A

MOUNT

OF

C

OMMITMENT

/L

OANS

FOR ALL

L

ENDERS

8

A

MOUNT OF

C

OMMITMENT

/L

OANS

A

SSIGNED

8

P

ERCENTAGE

A

SSIGNED OF

C

OMMITMENT

/

L

OANS

9

$

$

%

$

$

%

$

$

%

5

 List each Assignor, as appropriate.

6

 List each Assignee, as appropriate.

7

 Fill in the appropriate terminology for the types of facilities under the Credit Agreement that are being

assigned under this Assignment (e.g., “Revolving Credit Commitment,” “Term Loan Commitment,” etc.)

8

 Amount to be adjusted by the counterparties to take into account any payments or prepayments made between

the Trade Date and the Effective Date.

9

 Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder.

-3-

 [

7. Trade Date: ______________]

10

[P

AGE

B

REAK

]

10

 To be completed if the Assignor(s) and the Assignee(s) intend that the minimum assignment amount is to be

determined as of the Trade Date.

-4-

Effective Date: ________________, 20___

[To be inserted by Administrative Agent

and which shall be the effective date of recordation of transfer in the register therefor.]

The terms set forth in this Assignment and Assumption are hereby agreed to:

A

SSIGNOR

[

S

]

11

[N

AME OF

A

SSIGNOR

]

By ____________________________________

 Name _______________________________

 Title ________________________________

[N

AME OF

A

SSIGNOR

]

By ____________________________________

 Name _______________________________

 Title ________________________________

A

SSIGNEE

[

S

]

12

[N

AME OF

A

SSIGNEE

]

By ____________________________________

 Name _______________________________

 Title ________________________________

[N

AME OF

A

SSIGNEE

]

By ____________________________________

 Name _______________________________

 Title ________________________________

11

 Add additional signature blocks as needed. Include both Fund/Pension Plan and manager making the trade

(if applicable).

12

 Add additional signature blocks as needed. Include both Fund/Pension Plan and manager making the trade

(if applicable).

-5-

[Consented to and]

13

Accepted:

BMO

H

ARRIS

B

ANK

N.A., as

 Administrative Agent

By _________________________________

 Name ____________________________

 Title _____________________________

[Consented to:]

14

[N

AME OF

R

ELEVANT

P

ARTY

]

By _________________________________

 Name ____________________________

 Title _____________________________

13

 To be added only if the consent of the Administrative Agent is required by the terms of the Credit Agreement.

14

 To be added only if the consent of the Borrower and/or other parties (e.g. Swingline Lender, L/C Issuer) is

required by the terms of the Credit Agreement.

-1-

A

NNEX

1

S

TANDARD

T

ERMS AND

C

ONDITIONS FOR

A

SSIGNMENT AND

A

SSUMPTION

S

ECTION

 1. R

EPRESENTATIONS AND

W

ARRANTIES

.

Section 1.1.

Assignor[s].

[The][Each]

Assignor (a) represents and warrants that (i) it is

the legal and beneficial owner of [the][the relevant] Assigned Interest, (ii)

[the][such]

 Assigned

Interest is free and clear of any lien, encumbrance or other adverse claim, (iii) it has full power

and authority, and has taken all action necessary, to execute and deliver this Assignment and

Assumption and to consummate the transactions contemplated hereby and (iv) it is

[not]

 a

Defaulting Lender; and (b) assumes no responsibility with respect to (i) any statements, warranties

or representations made in or in connection with the Credit Agreement or any other Loan

Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value

of the Loan Documents or any collateral thereunder, (iii) the financial condition of the Borrower,

any of its Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document,

or (iv) the performance or observance by the Borrower, any of its Subsidiaries or Affiliates or any

other Person of any of their respective obligations under any Loan Document.

Section 1.2. Assignee[s].

[The][Each]

 Assignee (a) represents and warrants that (i) it has

full power and authority, and has taken all action necessary, to execute and deliver this Assignment

and Assumption and to consummate the transactions contemplated hereby and to become a Lender

under the Credit Agreement, (ii) it meets all the requirements to be an assignee under

Section 13.2(b)(iii), (v) and (vi) of the Credit Agreement (subject to such consents, if any, as may

be required under Section 13.2(b)(iii) of the Credit Agreement), (iii) from and after the Effective

Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to

the extent of

[the][the relevant]

 Assigned Interest, shall have the obligations of a Lender

thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented

by the Assigned Interest and either it, or the Person exercising discretion in making its decision to

acquire the Assigned Interest, is experienced in acquiring assets of such type, (v) it has received a

copy of the Credit Agreement, and has received or has been accorded the opportunity to receive

copies of the most recent financial statements delivered pursuant to Section 8.5 thereof, as

applicable, and such other documents and information as it deems appropriate to make its own

credit analysis and decision to enter into this Assignment and Assumption and to purchase

[the][such]

 Assigned Interest, (vi) it has, independently and without reliance upon the

Administrative Agent or any other Lender and based on such documents and information as it has

deemed appropriate, made its own credit analysis and decision to enter into this Assignment and

Assumption and to purchase

[the][such]

 Assigned Interest, and (vii) attached to the Assignment

and Assumption is any documentation required to be delivered by it pursuant to the terms of the

Credit Agreement, duly completed and executed by

[the][such]

 Assignee; and (b) agrees that (i) it

will, independently and without reliance on the Administrative Agent,

[the][any]

 Assignor or any

other Lender, and based on such documents and information as it shall deem appropriate at the

time, continue to make its own credit decisions in taking or not taking action under the Loan

-2-

Documents, and (ii) it will perform in accordance with their terms all of the obligations which by

the terms of the Loan Documents are required to be performed by it as a Lender.

S

ECTION

 2. P

AYMENTS

.

From and after the Effective Date, the Administrative Agent shall make all payments in

respect of

[the][each]

 Assigned Interest (including payments of principal, interest, fees and other

amounts) to

[the][the relevant]

 Assignee whether such amounts have accrued prior to, on or after

the Effective Date. The Assignor

[s]

and the Assignee

[s]

 shall make all appropriate adjustments in

payments by the Administrative Agent for periods prior to the Effective Date or with respect to

the making of this assignment directly between themselves. Notwithstanding the foregoing, the

Administrative Agent shall make all payments of interest, fees or other amounts paid or payable

in kind from and after the Effective Date to

[the][the relevant]

 Assignee.

S

ECTION

 3. G

ENERAL

P

ROVISIONS

.

This Assignment and Assumption shall be binding upon, and inure to the benefit of, the

parties hereto and their respective successors and assigns. This Assignment and Assumption may

be executed in any number of counterparts, which together shall constitute one instrument. 

Delivery of an executed counterpart of a signature page of this Assignment and Assumption by

telecopy shall be effective as delivery of a manually executed counterpart of this Assignment and

Assumption. This Assignment and Assumption shall be governed by, and construed in accordance

with, the law of the State of Illinois.

-1-

E

XHIBIT

H-1

[F

ORM OF

]

U.S.

T

AX

C

OMPLIANCE

C

ERTIFICATE

(For Foreign Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes)

Reference is made to the Amended and Restated Credit Agreement dated as of

November 15, 2021

 (as extended, renewed, amended or restated from time to time, the

“Credit

Agreement”

) among Cal-Maine Foods, Inc., the Guarantors party thereto, the Lenders and L/C Issuer party

thereto, and BMO Harris Bank N.A., as Administrative Agent (the

“Administrative Agent”

). Terms defined

in the Credit Agreement are used herein with the same meaning.

Pursuant to the provisions of Section 4.1 of the Credit Agreement, the undersigned hereby certifies

that (i) it is the sole record and beneficial owner of the Loan(s) (as well as any Note(s) evidencing such

Loan(s)) in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of

Section 881(c)(3)(A) of the Code, (iii) it is not a ten percent shareholder of the Borrower within the meaning

of Section 871(h)(3)(B) of the Code and (iv) it is not a controlled foreign corporation related to the

Borrower as described in Section 881(c)(3)(C) of the Code.

The undersigned has furnished the Administrative Agent and the Borrower with a certificate of its

non-U.S. Person status on IRS Form W-8BEN. By executing this certificate, the undersigned agrees that

(1) if the information provided on this certificate changes, the undersigned shall promptly so inform the

Borrower and the Administrative Agent, and (2) the undersigned shall have at all times furnished the

Borrower and the Administrative Agent with a properly completed and currently effective certificate in

either the calendar year in which each payment is to be made to the undersigned, or in either of the two

calendar years preceding such payments.

[N

AME OF

L

ENDER

]

By: 

 Name: ________________________________ 

 Title: _________________________________ 

Date: ______________________________ , 20[_]

-1-

E

XHIBIT

H-2

[F

ORM OF

]

U.S.

T

AX

C

OMPLIANCE

C

ERTIFICATE

(For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes)

Reference is made to the Amended and Restated Credit Agreement dated as of

November 15, 2021

 (as extended, renewed, amended or restated from time to time, the

“Credit

Agreement”

) among Cal-Maine Foods, Inc., the Guarantors party thereto, the Lenders and L/C Issuer party

thereto, and BMO Harris Bank N.A., as Administrative Agent (the

“Administrative Agent”

). Terms defined

in the Credit Agreement are used herein with the same meaning.

Pursuant to the provisions of Section 4.1 of the Credit Agreement, the undersigned hereby certifies

that (i) it is the sole record and beneficial owner of the participation in respect of which it is providing this

certificate, (ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a ten

percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Code, and (iv) it is

not a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the

Code.

The undersigned has furnished its participating Lender with a certificate of its non-U.S. Person

status on IRS Form W-8BEN. By executing this certificate, the undersigned agrees that (1) if the

information provided on this certificate changes, the undersigned shall promptly so inform such Lender in

writing, and (2) the undersigned shall have at all times furnished such Lender with a properly completed

and currently effective certificate in either the calendar year in which each payment is to be made to the

undersigned, or in either of the two calendar years preceding such payments.

[N

AME OF

P

ARTICIPANT

]

By: 

 Name: ________________________________ 

 Title: _________________________________ 

Date: ______________________________ , 20[_]

-1-

E

XHIBIT

H-3

[F

ORM OF

]

U.S.

T

AX

C

OMPLIANCE

C

ERTIFICATE

(For Foreign Participants That Are Partnerships For U.S. Federal Income Tax Purposes)

Reference is made to the Amended and Restated Credit Agreement dated as of

November 15, 2021

 (as extended, renewed, amended or restated from time to time, the

“Credit

Agreement”

) among Cal-Maine Foods, Inc., the Guarantors party thereto, the Lenders and L/C Issuer party

thereto, and BMO Harris Bank N.A., as Administrative Agent (the

“Administrative Agent”

). Terms defined

in the Credit Agreement are used herein with the same meaning.

Pursuant to the provisions of Section 4.1 of the Credit Agreement, the undersigned hereby certifies

that (i) it is the sole record owner of the participation in respect of which it is providing this certificate,

(ii) its direct or indirect partners/members are the sole beneficial owners of such participation, (iii) with

respect such participation, neither the undersigned nor any of its direct or indirect partners/members is a

bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or

business within the meaning of Section 881(c)(3)(A) of the Code, (iv) none of its direct or indirect

partners/members is a ten percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B)

of the Code and (v) none of its direct or indirect partners/members is a controlled foreign corporation related

to the Borrower as described in Section 881(c)(3)(C) of the Code.

The undersigned has furnished its participating Lender with IRS Form W-8IMY accompanied by

one of the following forms from each of its partners/members that is claiming the portfolio interest

exemption: (i) an IRS Form W-8BEN or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN

from each of such partner’s/member’s beneficial owners that is claiming the portfolio interest exemption. 

By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate

changes, the undersigned shall promptly so inform such Lender and (2) the undersigned shall have at all

times furnished such Lender with a properly completed and currently effective certificate in either the

calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years

preceding such payments.

[N

AME OF

P

ARTICIPANT

]

By: 

 Name: ________________________________ 

 Title: _________________________________ 

Date: ______________________________ , 20[_]

-1-

E

XHIBIT

H-4

[F

ORM OF

]

U.S.

T

AX

C

OMPLIANCE

C

ERTIFICATE

(For Foreign Lenders That Are Partnerships For U.S. Federal Income Tax Purposes)

Reference is made to the Amended and Restated Credit Agreement dated as of

November 15, 2021

 (as extended, renewed, amended or restated from time to time, the

“Credit

Agreement”

) among Cal-Maine Foods, Inc., the Guarantors party thereto, the Lenders and L/C Issuer party

thereto, and BMO Harris Bank N.A., as Administrative Agent (the

“Administrative Agent”

). Terms defined

in the Credit Agreement are used herein with the same meaning.

Pursuant to the provisions of Section 4.1 of Credit Agreement, the undersigned hereby certifies that

(i) it is the sole record owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of

which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial

owners of such Loan(s) (as well as any Note(s) evidencing such Loan(s)), (iii) with respect to the extension

of credit pursuant to this Credit Agreement or any other Loan Document, neither the undersigned nor any

of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered

into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code,

(iv) none of its direct or indirect partners/members is a ten percent shareholder of the Borrower within the

meaning of Section 871(h)(3)(B) of the Code and (v) none of its direct or indirect partners/members is a

controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code.

The undersigned has furnished the Administrative Agent and the Borrower with IRS Form

W-8IMY accompanied by one of the following forms from each of its partners/members that is claiming

the portfolio interest exemption: (i) an IRS Form W-8BEN or (ii) an IRS Form W-8IMY accompanied by

an IRS Form W-8BEN from each of such partner’s/member’s beneficial owners that is claiming the

portfolio interest exemption. By executing this certificate, the undersigned agrees that (1) if the information

provided on this certificate changes, the undersigned shall promptly so inform the Borrower and the

Administrative Agent, and (2) the undersigned shall have at all times furnished the Borrower and the

Administrative Agent with a properly completed and currently effective certificate in either the calendar

year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding

such payments.

[N

AME OF

L

ENDER

]

By: 

 Name: ________________________________ 

 Title: _________________________________ 

Date: ______________________________ , 20[_]

-1-

E

XHIBIT

 I

I

NCREASE

R

EQUEST

Dated _____________, _______

To: BMO Harris Bank N.A.,

as Administrative Agent for

the Lenders and L/C Issuer party to the Amended and

Restated Credit Agreement dated as of

November 15, 2021, among Cal-Maine Foods, Inc.,

as Borrower, the Guarantors referred to therein, the

Lenders and L/C Issuer party thereto from time to

time, and the Administrative Agent (as extended,

renewed, amended or restated from time to time, the

“Credit Agreement”

)

Ladies and Gentlemen:

The undersigned, Cal-Maine Foods, Inc. (the

“Borrower”

), hereby refers to the Credit

Agreement and requests that the Administrative Agent consent to [an increase in the aggregate

Revolving Credit Commitments] [the making of Incremental Term Loans] (the

“Increase”

), in

accordance with

Section 2.15

 of the Credit Agreement, to be effected by

[[an increase in the

Revolving Credit Commitment of] [addition of a commitment to make an Incremental Term

Loan by]] [name of existing Lender]] [the addition of [name of new Lender] (the

“New

Lender”

), as a Lender under the terms of the Credit Agreement]

. Capitalized terms used

herein without definition shall have the same meanings herein as such terms have in the Credit

Agreement.

After giving effect to such Increase, the [Revolving Credit Commitment] [Incremental

Term Loan] of the

[Lender] [New Lender]

shall be $_____________.

[Include paragraphs 1-4 for a New Lender]

 1. The New Lender

hereby confirms that it has received a copy of the Loan Documents

and the exhibits related thereto, together with copies of the documents which were required to be

delivered under the Credit Agreement as a condition to the making of the Loans and other

extensions of credit thereunder. The New Lender

acknowledges and agrees that it has made and

will continue to make, independently and without reliance upon the Administrative Agent or any

other Lender

and based on such documents and information as it has deemed appropriate, its own

credit analysis and decisions relating to the Credit Agreement. The New Lender

further

acknowledges and agrees that the Administrative Agent has not made any representations or

warranties about the credit worthiness of any Loan Party or any of its Subsidiaries or any other

party to the Credit Agreement or any other Loan Document or with respect to the legality, validity,

sufficiency or enforceability of the Credit Agreement or any other Loan Document or the value of

any security therefor.

-2-

 2. Except as otherwise provided in the Credit Agreement, effective as of the date of

acceptance hereof by the Administrative Agent, the New Lender

(i) shall be deemed automatically

to have become a party to Credit Agreement and have all the rights and obligations of a

“Lender

”

 under the Credit Agreement as if it were an original signatory thereto and (ii) agrees to be bound

by the terms and conditions set forth in the Credit Agreement as if it were an original signatory

thereto.

 3. The New Lender

shall deliver to the Administrative Agent a completed

Administrative Questionnaire.

 4. The New Lender has delivered to the Borrower and the Administrative Agent (or is

delivering to the Borrower and the Administrative Agent concurrently herewith), as required, the

Tax forms referred to in Section 4.1 of the Credit Agreement.

T

HIS

A

GREEMENT SHALL BE DEEMED TO BE A CONTRACTUAL OBLIGATION UNDER

,

 AND

SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH

,

 THE LAWS OF THE STATE OF

I

LLINOIS

.

The Increase shall be effective when the executed consent of the Administrative Agent is

received or otherwise in accordance with Section 2.15 of the Credit Agreement, but not in any case

prior to ___________________, ____. It shall be a condition to the effectiveness of the Increase

that all expenses referred to in Section 2.15 of the Credit Agreement shall have been paid.

The Borrower hereby certifies that (a) no Default has occurred and is continuing and

(b) each of the representations and warranties set forth in Section 6 of the Credit Agreement and

in the other Loan Documents are and remain true and correct in all material respects on the

effective date of this Increase (where not already qualified by materiality, otherwise in all respects),

except to the extent the same expressly relate to an earlier date, in which case they shall be true

and correct in all material respects (where not already qualified by materiality, otherwise in all

respects)

as of such earlier date.

[S

IGNATURE

P

AGES TO

F

OLLOW

]

-1-

Please indicate your consent to such Increase by signing the enclosed copy of this letter in

the space provided below.

Very truly yours,

C

AL

-M

AINE

F

OODS

,

I

NC

.

By ____________________________________

 Name _______________________________

 Title ________________________________

[N

EW OR EXISTING

L

ENDER

]

By ____________________________________

 Name _______________________________

 Title ________________________________

The undersigned hereby consents on this

____ day of _________, 20___, to the

above-requested Increase

BMO

H

ARRIS

B

ANK

N.A.,

as Administrative

Agent, L/C Issuer, and Swingline Lender

By _________________________________

 Name ____________________________

 Title _____________________________

-1-

S

CHEDULE

1.1.

C

AL

-M

AINE

F

OODS

,

I

NC

.

S

HORT

D

URATION

F

IXED

I

NCOME

I

NVESTMENT

G

UIDELINES

Summary of Changes effective July 21, 2017

General Portfolio Parameters:

Allow for purchase of A3 / P3 / F3 Commercial Paper with 1 – 7 day maturity

-2-

Investment Objectives:

●

Preservation of principal 

●

Short-term liquidity 

●

Competitive returns when measured against comparable benchmarks / indices

●

Diversification across permitted asset categories

G

ENERAL

P

ORTFOLIO

P

ARAMETERS

:

Maximum average maturity of any portfolio: 20 months.

Minimum average credit quality of any portfolio measured by S&P, Moody’s, Fitch composite rating: 

◾

Short Term A-2 / P2 / F2

◾

Long Term A- / A3/ A- 

Maintain diversification across the permitted asset categories by (1) diversifying the self-directed Wells

Fargo portfolio; and (2) allocating funds to outside managers.

M

INIMUM

C

REDIT

R

ATINGS

:

At time of purchase, all investments must carry a short / long term rating by at least one of Moody’s,

S&P or Fitch. If there are split ratings, at least one rating must meet the minimum per this guideline. 

Maximum maturity at time of purchase: 

◾

1 – 7 days - A3 / P3 / F3

◾

8 – 365 days - A2 / P2 / F2, BBB- / Baa3

◾

2 Years - BBB / Baa2

◾

3 Years - A- / A3 or better 

A

CCEPTABLE

A

SSET

C

ATEGORIES

:

U.S. Government Obligations

such as those listed below

◾

Direct obligations of the US Government

◾

Government-sponsored Agency Entities (GSE):

◾

Federal National Mortgage Association [FNMA]

◾

Federal Home Loan Bank [FHLB]

◾

Federal Home Loan Mortgage Corp [FHLMC]

◾

Federal Farm

 Credit Bank [FFCB]

Bank Deposits of Major US and Foreign Commercial Banks

rated A- / A3 / F2, or FDIC guaranteed

◾

Bankers Acceptances

◾

Certificates of Deposit (Domestic/Yankee)

◾

Commercial Paper Floating Rate Notes

◾

Medium Term Notes 

◾

Time Deposits

Institutional Prime Money Market Funds

 rated AAA / Aaa / AAA

Corporate Debt

-3-

●

Asset Backed Securities AA / Aa2 / AA

◾

Commercial Paper 1 – 7 days – A3 / P3 / F3

◾

Commercial Paper GT 7 days – A2 / P2 / F2

◾

Corporate Bonds - 2 years BBB- / Baa3 / BBB-

◾

Corporate Bonds – 3 years A- / A3 / A-, 

◾

Medium-Term Notes – A / A2 / A

Sovereign/Supranational Debt

 rated A- / A3 / A-

Municipal Debt Securities

◾

Taxable or tax-exempt municipal bonds – 2 years; BBB+ / Baa1 / BBB+, 3 years; A- / A3/ A-,

◾

Short-Term Notes; A2 / P2 / F2, SP-1 / MIG 1

◾

Variable Rate Demand Notes with daily or weekly mandatory puts; A2 / P2 / F2, SP-1 / MIG 1

M

UTUAL

F

UNDS

S

HARES OF OPEN

-

END INVESTMENT COMPANIES

,

 WITH AVERAGE MATURITIES QUALITY RATINGS

MEETING THE GUIDELINES LISTED ABOVE

.

Downgrades Subsequent to Purchase

If a security’s credit rating is downgraded below the minimum acceptable rating, the Investment

Manager will notify Cal-Maine of the change with a recommendation as to whether the security should

be held or sold. Cal-Maine will make the final decision.

E

FFECTIVE

D

ATE

:

J

ULY

21,

2017

A

PPROVED BY

A

UDIT

C

OMMITTEE

:

07/21/2017

-4-

-1-

Rating Tier Definitions

Moody's

S

 & P

Fitch

Credit worthiness 

Aaa

AAA

AAA

Obligor has EXTREMELY STRONG capacity to meet financial commitment.

Aa1

AA+

AA+

Obligor has VERY STRONG capacity to meet its financial commitments. It differs from the highest

rated obligors only in small degree.

Aa2

AA

AA

Aa3

AA−

AA−

A1

A+

A+

Obligor has STRONG capacity to meet financial commitments but is somewhat more susceptible to

the adverse effect of changes in economic conditions and circumstances than obligors in higher-rated

categories.

A2

A

A

A3

A−

A−

Baa1

BBB+

BBB+

Obligor has ADEQUATE capacity to meet its financial commitments, but adverse economic

conditions or changing circumstances are likely to lead to a weakened capacity of the obligor to meet

its financial commitments.

Baa2

BBB

BBB

Baa3

BBB−

BBB−

Ba1

BB+

BB+

Obligor is LESS VULNERABLE in the near term than other lower-rated obligors. However, it faces

major ongoing uncertainties and exposure to adverse business, financial, or economic conditions

which could lead to the obligor's inadequate capacity to meet its financial commitments.

Ba2

BB

BB

Ba3

BB−

BB−

B1

B+

B+

Obligor is MORE VULNERABLE than the obligors rated 'BB', but the obligor currently has the

capacity to meet its financial commitments. Adverse business, financial, or economic conditions will

likely impair the obligor's capacity or willingness to meet its financial commitments.

B2

B

B

B3

B−

B−

Caa

CCC

CCC

Obligor is CURRENTLY VULNERABLE, and dependent upon favorable business, financial and

economic conditions to meet financial commitments.

Ca

CC

CC

Obligor is CURRENTLY HIGHLY -VULNERABLE.

C

C

Obligor is CURRENTLY HIGHLY -VULNERABLE to nonpayment. Bankruptcy petition might have

been filed.

C

D

D

Obligor failed to pay one or more of its financial obligations (rated or unrated) when it became due.

e, p

pr

Expected

Preliminary ratings assigned to obligations pending receipt of final documentation and legal opinions

that may differ from the final rating.

WR

Rating withdrawn for reasons including: debt maturity, calls, puts, conversions, etc., or business

reasons (e.g. change in the size of debt issue), or issuer default. 

Unsolicited

Unsolicited

Rating initiated by the ratings agency and not requested by the issuer.

SD

RD

Agency believes obligor selectively defaulted on a specific issue or class of obligations but will

NR

NR

NR

No rating has been requested or insufficient information on which to base a rating.

-1-

S

CHEDULE

2.1/2.2

C

OMMITMENTS

N

AME OF

L

ENDER

R

EVOLVING

C

REDIT

C

OMMITMENT

BMO Harris Bank N.A.

$ 86,000,000.00

GreenStone Farm Credit Services, ACA

$ 65,000,000.00

AgFirst Farm Credit Bank

$ 33,000,000.00

Compeer Financial, PCA

$ 33,000,000.00

Farm Credit Bank of Texas

$ 33,000,000.00

T

OTAL

$250,000,000.00

-1-

S

CHEDULE

 6.2

S

UBSIDIARIES

N

AME

J

URISDICTION OF

O

RGANIZATION

P

ERCENTAGE

O

WNERSHIP

American Egg Products, LLC

Georgia

100%

Texas Egg Products, LLC

Texas

Borrower 78.2%

Wharton County Foods, LLC

21.8%

Benton County Foods, LLC

Arkansas

100%

Southern Equipment Distributors, Inc.

Mississippi

100%

South Texas Applicators, Inc.

Delaware

100%

Wharton County Foods, LLC

Texas

100%

Red River Valley Egg Farm, LLC

Mississippi

100%

Cal-Maine Real Estate LLC

Mississippi

100%

-1-

S

CHEDULE

6.11

LITIGATION

Refer to the discussion of certain legal proceedings involving the Borrower and/or its subsidiaries

in our Quarterly Reports on Form 10-Q for the period August 28, 2021 and Notes to Consolidated

Financial Statements on Contingencies, which discussions are incorporated herein by reference,

and include the following: 

State of Texas v. Cal-Maine Foods, Inc. d/b/a Wharton; and Wharton County Foods, LLC 

On April 23, 2020, the Company and its subsidiary Wharton County Foods, LLC (“WCF”) were

named as defendants in State of Texas v. Cal-Maine Foods, Inc. d/b/a Wharton; and Wharton

County Foods, LLC, Cause No. 2020-25427, in the District Court of Harris County, Texas. The

State of Texas (the “State”) asserted claims based on the Company’s and WCF’s alleged violation

of the Texas Deceptive Trade Practices—Consumer Protection Act, Tex. Bus. & Com. Code §§

17.41-17.63 (“DTPA”). The State claimed that the Company and WCF offered shell eggs at

excessive or exorbitant prices during the COVID-19 state of emergency and made misleading

statements about shell egg prices. The State sought temporary and permanent injunctions against

the Company and WCF to prevent further alleged violations of the DTPA, along with over

$100,000 in damages. On August 13, 2020, the court granted the defendants’ motion to dismiss

the State’s original petition with prejudice. On September 11, 2020, the State filed a notice of

appeal, which was assigned to the Texas Court of Appeals for the First District. The State filed its

opening brief on December 7, 2020. The Company and WCF filed their response on February 8,

2021. The Texas Court of Appeals has not ruled on these submissions. Management believes the

risk of material loss related to this matter to be remote.

Bell et al. v. Cal-Maine Foods et al. 

On April 30, 2020, the Company was named as one of several defendants in Bell et al. v. Cal-

Maine Foods et al., Case No. 1:20-cv-461, in the Western District of Texas, Austin Division. The

defendants include numerous grocery stores, retailers, producers, and farms. Plaintiffs assert that

defendants violated the DTPA by allegedly demanding exorbitant or excessive prices for eggs

during the COVID-19 state of emergency. Plaintiffs request certification of a class of all consumers

who purchased eggs in Texas sold, distributed, produced, or handled by any of the defendants

during the COVID-19 state of emergency. Plaintiffs seek to enjoin the Company and other

defendants from selling eggs at a price more than 10% greater than the price of eggs prior to the

declaration of the state of emergency and damages in the amount of $10,000 per violation, or

$250,000 for each violation impacting anyone over 65 years old. On December 1, 2020, the

Company and certain other defendants filed a motion to dismiss the plaintiffs’ amended class

action complaint. The plaintiffs subsequently filed a motion to strike, and the motion to dismiss

and related proceedings were referred to a United States magistrate judge. On July 14, 2021, the

magistrate judge issued a report and recommendation to the court that the defendants’ motion to

dismiss be granted and the case be dismissed without prejudice for lack of subject matter

jurisdiction. On September 20, 2021, the court adopted the magistrate’s report and

-2-

recommendation in its entirety and granted defendants’ motion to dismiss plaintiffs’ first amended

class action complaint; thereafter, the court entered a final judgment in favor of the Company and

certain other defendants dismissing the case without prejudice. The plaintiffs filed a Motion to

Alter or Amend Judgment seeking the court’s permission to file a second amended complaint, and

on November 1, 2021, the Company filed its Opposition to the Plaintiffs’ motion. 

Kraft Foods Global, Inc. et al. v. United Egg Producers, Inc. et al. 

As previously reported, on September 25, 2008, the Company was named as one of several

defendants in numerous antitrust cases involving the United States shell egg industry. The

Company settled all of these cases, except for the claims of certain plaintiffs who sought substantial

damages allegedly arising from the purchase of egg products (as opposed to shell eggs). These

remaining plaintiffs are Kraft Food Global, Inc., General Mills, Inc., and Nestle USA, Inc. (the

“Egg Products Plaintiffs”) and The Kellogg Company.

On September 13, 2019, the case with the Egg Products Plaintiffs was remanded from a multi-

district litigation proceeding in the United States District Court for the Eastern District of

Pennsylvania, In re Processed Egg Products Antitrust Litigation, MDL No. 2002, to the United

States District Court for the Northern District of Illinois, Kraft Foods Global, Inc. et al. v. United

Egg Producers, Inc. et al., Case No. 1:11-cv-8808, for trial. The Egg Products Plaintiffs allege that

the Company and other defendants violated Section 1 of the Sherman Act, 15. U.S.C. § 1, by

agreeing to limit the production of eggs and thereby illegally to raise the prices that plaintiffs paid

for processed egg products. In particular, the Egg Products Plaintiffs are attacking certain features

of the United Egg Producers animal-welfare guidelines and program used by the Company and

many other egg producers. The Egg Products Plaintiffs seek to enjoin the Company and other

defendants from engaging in antitrust violations and seek treble money damages. The parties filed

a joint status report on May 18, 2020. On August 4, 2021, by docket entry, the court instructed the

parties to jointly submit a second status report to the court that included a proposed schedule for

preparing a final pretrial order. On August 25, 2021, the parties filed a joint status report, and on

August 26, 2021, the court, by docket entry, informed the parties that the need to discuss issues

was no longer necessary and that a scheduled August 30, 2021, status hearing was stricken. No

trial schedule has yet been entered by the court.

In addition, on October 24, 2019, the Company entered into a confidential settlement agreement

with The Kellogg Company dismissing all claims against the Company for an amount that did not

have a material impact on the Company’s financial condition or results of operations. On

November 11, 2019, a stipulation for dismissal was filed with the court, but the court has not yet

entered a judgment on the filing.

The Company intends to continue to defend the remaining case with the Egg Products Plaintiffs

as vigorously as possible based on defenses which the Company believes are meritorious and

provable. Adjustments, if any, which might result from the resolution of this remaining matter with

the Egg Products Plaintiffs have not been reflected in the financial statements. While management

believes that there is still a reasonable possibility of a material adverse outcome from the case with

the Egg Products Plaintiffs, at the present time, it is not possible to estimate the amount of

monetary exposure, if any, to the Company due to a range of factors, including the following,

-3-

among others: the matter is in the early stages of preparing for trial following remand; any trial

will be before a different judge and jury in a different court than prior related cases; there are

significant factual issues to be resolved; and there are requests for damages other than

compensatory damages (i.e., injunction and treble money damages).

State of Oklahoma Watershed Pollution Litigation

On June 18, 2005, the State of Oklahoma filed suit, in the United States District Court for the

Northern District of Oklahoma, against Cal-Maine Foods, Inc. and Tyson Foods, Inc. and affiliates,

Cobb-Vantress, Inc., Cargill, Inc. and its affiliate, George’s, Inc. and its affiliate, Peterson Farms,

Inc. and Simmons Foods, Inc. The State of Oklahoma claims that through the disposal of chicken

litter the defendants have polluted the Illinois River Watershed. This watershed provides water to

eastern Oklahoma. The complaint seeks injunctive relief and monetary damages, but the claim for

monetary damages has been dismissed by the court. Cal-Maine Foods, Inc. discontinued operations

in the watershed. Accordingly, we do not anticipate that Cal-Maine Foods, Inc. will be materially

affected by the request for injunctive relief unless the court orders substantial affirmative

remediation. Since the litigation began, Cal-Maine Foods, Inc. purchased 100% of the membership

interests of Benton County Foods, LLC, which is an ongoing commercial shell egg operation

within the Illinois River Watershed. Benton County Foods, LLC is not a defendant in the litigation.

The trial in the case began in September 2009 and concluded in February 2010. The case was

tried without a jury, and the court has not yet issued its ruling. Management believes the risk of

material loss related to this matter to be remote.

-1-

S

CHEDULE

8.7

E

XISTING

I

NDEBTEDNESS

1. Other Indebtedness.

P

AYEE

%

R

ATE

I

NSTALLMENT

T

OTAL

C

URRENT

L

ONG

-T

ERM

Farm Credit (MOBA)

4.90

Variable

$524,316

$218,561

$305,755

-1-

S

CHEDULE

8.8

E

XISTING

L

IENS

UCC,

T

AX

,

J

UDGMENT

&

O

THER

L

IEN

S

EARCH

R

ESULTS

C

AL

-M

AINE

F

OODS

,

I

NC

.

J

URISDICTION

S

EARCH

D

ATE

T

YPE OF

S

EARCH

F

ILING

N

O

.

F

ILING

D

ATE

S

ECURED

P

ARTY

C

OLLATERAL

T

YPE

Delaware Secretary of

State

10/28/2021

Federal Tax

Lien

Clear

UCC Lien

20040026486

1/6/04

Metropolitan Life

Insurance Company

Specific assets

20084305700

12/30/08

Continuation of 20040026486

20133221661

8/16/13

Continuation of 20040026486

2018 4896268

07/17/18

Continuation of 20040026486

2019 8532546

12/03/19

Termination of 20040026486

20064287603

12/1/06

Metropolitan Life

Insurance Company

Specific equipment and property

20112956848

8/1/11

Continuation of 20064287603

20150287457

1/22/15

Termination of 20064287603

20166699613

10/31/16

Continuation of 20064287603

20141235852

3/31/14

Metropolitan Life

Insurance Company

Specific personal property

-2-

J

URISDICTION

S

EARCH

D

ATE

T

YPE OF

S

EARCH

F

ILING

N

O

.

F

ILING

D

ATE

S

ECURED

P

ARTY

C

OLLATERAL

T

YPE

2018 6708107

09/28/18

Partial release collateral of

20141235852

2018 6960070

10/08/18

Continuation of 20141235852

2019 8532538

12/03/19

Termination of 20141235852

20141238401

3/31/14

Metropolitan Life

Insurance Company

Specific equipment and property

20173735385

6/7/17

Termination of 20141238401

2018 8545457

12/10/18

Continuation of 20141238401

2019 8532553

12/03/19

Termination of 20141238401

2018 4722720

07/10/18

BMO Harris Bank N.A.,

as Agent

Debtor’s interest in Accounts,

chattel paper, instruments, etc., all

as more fully described on

Schedule I

2018 8294304

11/30/18

Pure Water Partners

Leased equipment

2019 8080710

11/15/19

Canon Financial Services,

Inc.

Leased equipment

New Castle County

Recorder of Deeds,

Delaware

09/21/2021

Fixture

Filings and

Federal Tax

Liens

Clear

Hinds County, MS

10/29/2021

Fixtures,

State Tax

Liens and

Judgments

Clear

-3-

J

URISDICTION

S

EARCH

D

ATE

T

YPE OF

S

EARCH

F

ILING

N

O

.

F

ILING

D

ATE

S

ECURED

P

ARTY

C

OLLATERAL

T

YPE

Federal Tax

Liens

64-64

04/01/19

Internal Revenue Service

$533,014.90

Released on 05/08/19 and 06/13/19

W

HARTON

C

OUNTY

F

OODS

,

LLC

J

URISDICTION

S

EARCH

D

ATE

T

YPE OF

S

EARCH

F

ILING

N

O

.

F

ILING

D

ATE

S

ECURED

P

ARTY

C

OLLATERAL

T

YPE

Texas Secretary of State

10/28/2021

UCC and

Federal Tax

Liens

Clear

Dallas County, Texas

10/22/2021

Fixture

Filings and

Judgment,

Federal and

State Tax

Liens

Clear

Wharton County, Texas

11/05/2021

Fixture

Filings and

Judgment,

Federal &

State Tax

Liens

Clear

Hinds County, MS

10/29/2021

Fixtures,

Federal and

State Tax

Liens and

Judgments

Clear

-4-

S

OUTH

T

EXAS

A

PPLICATORS

,

I

NC

.

J

URISDICTION

S

EARCH

D

ATE

T

YPE OF

S

EARCH

F

ILING

N

O

.

F

ILING

D

ATE

S

ECURED

P

ARTY

C

OLLATERAL

T

YPE

Delaware Secretary of

State

10/28/2021

Federal Tax

Lien

Clear

UCC Lien

2018 4722894

07/10/18

BMO Harris Bank N.A.,

as Agent

Debtor’s interest in Accounts,

chattel paper, instruments, etc., all

as more fully described on

Schedule I

New Castle County,

Delaware

09/21/2021

Fixture

Filings,

Federal and

State Tax

Liens and

Judgments

Clear

Hinds County, MS

10/29/2021

Fixtures,

Federal and

State Tax

Liens and

Judgments

Clear

Gonzales County Clerk,

Texas

11/05/2021

Fixture

Filings,

Federal and

State Tax

Liens and

Judgments

Clear

-5-

S

OUTHERN

E

QUIPMENT

D

ISTRIBUTORS

,

I

NC

.

J

URISDICTION

S

EARCH

D

ATE

T

YPE OF

S

EARCH

F

ILING

N

O

.

F

ILING

D

ATE

S

ECURED

P

ARTY

C

OLLATERAL

T

YPE

Mississippi Secretary of

State

10/29/2021

Federal and

State Tax and

UCC Liens

Clear

Hinds County, MS

10/29/2021

Fixtures,

Federal and

State Tax

Liens and

Judgments

Clear

A

MERICAN

E

GG

P

RODUCTS

,

LLC

J

URISDICTION

S

EARCH

D

ATE

T

YPE OF

S

EARCH

F

ILING

N

O

.

F

ILING

D

ATE

S

ECURED

P

ARTY

C

OLLATERAL

T

YPE

Superior Court Clerks

Cooperative Authority,

Georgia

10/20/2021

UCC

No Records

Found

11/08/2021

State Tax

Lien – GA

Department

of Revenue

Clear

Pierce County Clerk of

the Superior Court,

Georgia

10/22/2021

Fixture

Filings,

Federal &

State Tax

Clear

-6-

J

URISDICTION

S

EARCH

D

ATE

T

YPE OF

S

EARCH

F

ILING

N

O

.

F

ILING

D

ATE

S

ECURED

P

ARTY

C

OLLATERAL

T

YPE

and

Judgment

Liens

Gwinnett County, GA

11/03/2021

Fixtures,

Federal and

State Tax

Liens and

Judgments

Clear

Hinds County, MS

10/29/2021

Fixtures,

Federal and

State Tax

Liens and

Judgments

Clear

B

ENTON

C

OUNTY

F

OODS

,

LLC

J

URISDICTION

S

EARCH

D

ATE

T

YPE OF

S

EARCH

F

ILING

N

O

.

F

ILING

D

ATE

S

ECURED

P

ARTY

C

OLLATERAL

T

YPE

Arkansas Secretary of

State

11/03/2021

UCC and

Federal Tax

Liens

Clear

Benton County, AR

11/02/2021

Fixtures,

Federal and

State Tax

Liens 

Clear

Judgments

Bk/PG: 2012-

1961

01/31/12

Department of Workforce

Services

$271.05

Released on 02/08/13

-7-

J

URISDICTION

S

EARCH

D

ATE

T

YPE OF

S

EARCH

F

ILING

N

O

.

F

ILING

D

ATE

S

ECURED

P

ARTY

C

OLLATERAL

T

YPE

Bk/PG: 2012-

17777

10/05/12

Department of Finance

and Administration

$2,840.57

Released on 07/30/13

Bk/PG: 2013-

8874

06/19/13

Department of Finance

and Administration

$864.98

Released on 08/08/13

Hinds County, MS

10/29/2021

Fixtures,

Federal and

State Tax

Liens and

Judgments

Clear

C

AL

-M

AINE

R

EAL

E

STATE

LLC

J

URISDICTION

S

EARCH

D

ATE

T

YPE OF

S

EARCH

F

ILING

N

O

.

F

ILING

D

ATE

S

ECURED

P

ARTY

C

OLLATERAL

T

YPE

Mississippi Secretary of

State

10/29/2021

UCCs, Federal

and State Tax

Liens

Clear

Madison County, MS

10/27/2021

Fixture Filings,

Federal and

State Tax Liens,

Pending Suits

and Judgments

Clear

U.S. District Court,

Mississippi Southern

District

11/03/2021

Federal Pending

Suits

Clear

-8-

J

URISDICTION

S

EARCH

D

ATE

T

YPE OF

S

EARCH

F

ILING

N

O

.

F

ILING

D

ATE

S

ECURED

P

ARTY

C

OLLATERAL

T

YPE

U.S. Bankruptcy Court,

Mississippi Southern

District

11/03/2021

Bankruptcy

Clear

R

ED

R

IVER

V

ALLEY

E

GG

F

ARM

,

LLC

J

URISDICTION

S

EARCH

D

ATE

T

YPE OF

S

EARCH

F

ILING

N

O

.

F

ILING

D

ATE

S

ECURED

P

ARTY

C

OLLATERAL

T

YPE

Mississippi Secretary of

State

10/29/2021

UCCs and

Federal Tax

Liens

Clear

U.S. District Court,

Mississippi Southern

District

11/03/2021

Federal Pending

Suits

Clear

U.S. Bankruptcy Court,

Mississippi Southern

District

11/03/2021

Bankruptcy

Clear

Red River County, TX

10/05/2021

Fixture Filings,

Federal and

State Tax Liens

and Judgments

Clear

-9-

T

EXAS

E

GG

P

RODUCTS

,

LLC

J

URISDICTION

S

EARCH

D

ATE

T

YPE OF

S

EARCH

F

ILING

N

O

.

F

ILING

D

ATE

S

ECURED

P

ARTY

C

OLLATERAL

T

YPE

Texas Secretary of State

10/28/2021

UCCs and

Federal Tax

Liens

Clear

Gonzales County Clerk,

Texas

11/05/2021

Fixture Filings,

Federal and

State Tax Liens

and Judgments

Clear

U.S. District Court,

Texas District Court

11/03/2021

Federal Pending

Suits

Clear

U.S. Bankruptcy Court,

Texas Western District

11/03/2021

Bankruptcy

Clear

-1-

S

CHEDULE

8.9

E

XISTING

I

NVESTMENTS

Cal-Maine Foods, Inc.

Existing Investments

Period Ending August 28, 2021

Unconsolidated Entities:

Eggland's Best

 $ 767,808.74 

Southwest Specialty

 $5,331,744.00 

Specialty Egg

 $ 349,554.65 

US Egg Marketers

 $ 28,000.00 

 $6,477,107.39 

Investment in Xiant

 $4,272,490.92 

Life Insurance Cash Value

 $ 928,233.08 

Vanguard

 $4,035,178.74 

 $15,713,010.13 

-1-

A

MENDED AND

R

ESTATED

C

REDIT

A

GREEMENT

This Amended and Restated Credit Agreement is entered into as of November 15, 2021 by

and among Cal-Maine Foods, Inc., a Delaware corporation (the

“Borrower”

), the direct and

indirect Wholly-owned Subsidiaries that are Domestic Subsidiaries of the Borrower from time to

time party to this Agreement, as Guarantors, the several financial institutions from time to time

party to this Agreement, as Lenders, and BMO H

ARRIS

B

ANK

N.A.,

as Administrative Agent as

provided herein. 

P

RELIMINARY

S

TATEMENT

W

HEREAS

,

pursuant to that certain Credit Agreement dated as of July 10, 2018 (as amended

prior to the date hereof, without giving effect to the amendments and restatements set forth herein,

the

“Existing Credit Agreement”

), by and among the Borrowers, the Guarantors party thereto, the

lenders party thereto and the Administrative Agent, the lenders thereunder have made available to

the Borrowers a revolving loan facility upon and subject to the terms and conditions set forth

therein;

W

HEREAS

, the Loan Parties, the Administrative Agent and the Lenders desire to amend

and restate the Existing Credit Agreement in its entirety in order to provide an increase to the

revolving credit facility and make certain other amendments as more fully set forth herein, which

amendment and restatement shall become effective upon satisfaction of the conditions precedent

set forth herein;

W

HEREAS

, in connection with the foregoing and as an inducement for the Lenders to extend

and/or continue to extend the credit contemplated hereunder, the Loan Parties have agreed to

continue to secure all of their joint and several Obligations by granting to the Administrative

Agent, for the benefit of the Lenders, a first priority lien on the Collateral (as hereinafter defined);

and 

W

HEREAS

, it is the intent of the parties hereto that this Agreement not constitute a novation

of the obligations and liabilities of the parties under the Existing Credit Agreement, and the parties

hereto hereby agree that all obligations under the Loan Documents (as amended prior to the

Closing Date) shall continue in full force and effect from and after the Closing Date.

N

OW

,

T

HEREFORE

, in consideration of the mutual agreements contained herein, and other

good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,

the parties hereto hereby agree as follows:

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S

ECTION

 1. D

EFINITIONS

;

I

NTERPRETATION

.

Section 1.1. Definitions

. The following terms when used herein shall have the following

meanings:

“Acquired Business”

 means the entity or assets acquired by the Borrower or another Loan

Party in an Acquisition, whether before or after the date hereof.

“Acquisition”

 means any transaction or series of related transactions for the purpose of or

resulting, directly or indirectly, in (a) the acquisition of all or substantially all of the assets of a

Person, or of any business or division of a Person, (b) the acquisition of no less than 51% of the

capital stock, partnership interests, membership interests or equity of any Person (other than a

Person that is a Subsidiary), or otherwise causing any Person to become a Subsidiary, or (c) a

merger or consolidation or any other combination with another Person (other than a Person that is

a Subsidiary) provided that the Borrower or a Guarantor is the surviving entity.

“Additional Credit Extension Amendment”

means an amendment to this Agreement

(which may, at the option of the Administrative Agent, be in the form of an amendment and

restatement of this Agreement) providing for any Extended Revolving Credit Commitments and/or

Extended Incremental Term Loans pursuant to Section 2.16, which shall be consistent with the

applicable provisions of this Agreement and otherwise satisfactory to the parties thereto. Each

Additional Credit Extension Amendment shall be executed by the Administrative Agent, the L/C

Issuer and/or the Swingline Lender (to the extent Section 2.16 would require the consent of the

L/C Issuer and/or the Swingline Lender, respectively for the amendments effected in such

Additional Credit Extension Amendment), the Loan Partis and each applicable extending Lender. 

Any Additional Credit Extension Amendment may include conditions for delivery of opinions of

counsel and other documentation consistent with the conditions in Section 7.2 all to the extent

reasonably requested by the Administrative Agent or the Lenders party to such Additional Credit

Extension Amendment.

“Adjusted LIBOR”

 means, for any Borrowing of Eurodollar Loans, a rate per annum

determined in accordance with the following formula:

Adjusted LIBOR = LIBOR 

 1 - Eurodollar Reserve Percentage

“Administrative Agent”

means BMO Harris Bank N.A., in its capacity as Administrative

Agent hereunder, and any successor in such capacity pursuant to Section 10.6.

“Administrative Questionnaire”

means an Administrative Questionnaire in a form

supplied by the Administrative Agent.

“Affiliate”

means, with respect to a specified Person, another Person that directly, or

indirectly through one or more intermediaries, Controls or is Controlled by or is under common

Control with the Person specified;

provided that

, in any event for purposes of this definition, any

Person that owns, directly or indirectly, 5% or more of the securities having the ordinary voting

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power for the election of directors or governing body of a corporation or 5% or more of the

partnership or other ownership interest of any other Person (other than as a limited partner of such

other Person) will be deemed to control such corporation or other Person. 

“Agreement”

 means this Amended and Restated Credit Agreement, as the same may be

amended, modified, restated or supplemented from time to time pursuant to the terms hereof.

“Anti-Corruption Law”

 means the FCPA and any law, rule or regulation of any jurisdiction

concerning or relating to bribery or corruption that are applicable to any Loan Party or any

Subsidiary or Affiliate.

“Applicable Margin”

 means, with respect to Loans, Reimbursement Obligations, L/C

Participation Fees, and the commitment fees payable under Section 3.1(a), until the first Pricing

Date, the rates per annum shown opposite Level I below, and thereafter from one Pricing Date to

the next the Applicable Margin means the rates per annum determined in accordance with the

following schedule:

L

EVEL

T

OTAL

F

UNDED

D

EBT TO

C

APITALIZATION

R

ATIO FOR

S

UCH

P

RICING

D

ATE

A

PPLICABLE

M

ARGIN FOR

B

ASE

R

ATE

L

OANS UNDER

R

EVOLVING

F

ACILITY AND

R

EIMBURSEMENT

O

BLIGATIONS SHALL

BE

:

A

PPLICABLE

M

ARGIN FOR

E

URODOLLAR

L

OANS UNDER

R

EVOLVING

F

ACILITY AND

L/C

P

ARTICIPATION

F

EES SHALL BE

:

A

PPLICABLE

M

ARGIN FOR

C

OMMITMENT

F

EE

SHALL BE

:

I

Less than 20.0%

0.00%

1.00%

0.15%

II

Greater than or

equal 20.0% and

less than 30.0%

0.25%

1.25%

0.20%

III

Greater than or

equal 30.0% and

less than 40.0%

0.50%

1.50%

0.20%

IV

Greater than or

equal to 40.0%

0.75%

1.75%

0.25%

For purposes hereof, the term

“Pricing Date”

 means, for any fiscal quarter of the Borrower ending

on or after November 27, 2021, the date on which the Administrative Agent is in receipt of the

Borrower’s most recent financial statements (and, in the case of the year-end financial statements,

audit report) for the fiscal quarter then ended, pursuant to Section 8.5. The Applicable Margin

shall be established based on the Total Funded Debt to Capitalization Ratio for the most recently

completed fiscal quarter and the Applicable Margin established on a Pricing Date shall remain in

effect until the next Pricing Date. If the Borrower has not delivered its financial statements by the

date such financial statements (and, in the case of the year-end financial statements, audit report)

are required to be delivered under Section 8.5, until such financial statements and audit report are

delivered, the Applicable Margin shall be the highest Applicable Margin (

i.e.,

 Level IV shall

apply). If the Borrower subsequently delivers such financial statements before the next Pricing

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Date, the Applicable Margin shall be determined on the date of delivery of such financial

statements and remain in effect until the next Pricing Date. In all other circumstances, the

Applicable Margin shall be in effect from the Pricing Date that occurs immediately after the end

of the fiscal quarter covered by such financial statements until the next Pricing Date. Each

determination of the Applicable Margin made by the Administrative Agent in accordance with the

foregoing shall be conclusive and binding on the Borrower and the Lenders if reasonably

determined. 

“Application”

 is defined in Section 2.3(b).

“Assignment and Assumption”

 means an assignment and assumption entered into by a

Lender and an Eligible Assignee (with the consent of any party whose consent is required by

Section 13.2(b)), and accepted by the Administrative Agent, in substantially the form of Exhibit G

or any other form approved by the Administrative Agent.

“Authorized Representative”

 means those persons shown on the list of officers provided

by the Borrower pursuant to Section 7.2 or on any update of any such list provided by the Borrower

to the Administrative Agent, or any further or different officers of the Borrower so named by any

Authorized Representative of the Borrower in a written notice to the Administrative Agent.

“Bail-In Action”

 means the exercise of any Write-Down and Conversion Powers by the

applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution.

“Bail-In Legislation”

 means, with respect to any EEA Member Country implementing

Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European

Union, the implementing law for such EEA Member Country from time to time which is described

in the EU Bail-In Legislation Schedule.

“Bank Products”

 means each and any of the following bank products and services

provided to any Loan Party by any Lender or any of its Affiliates: (a) credit or charge cards for

commercial customers (including, without limitation, “commercial credit cards” and purchasing

cards), (b) stored value cards, and (c) depository, cash management, and treasury management

services (including, without limitation, controlled disbursement, automated clearinghouse

transactions, return items, overdrafts and interstate depository network services).

“Bank Product Obligations”

 of the Loan Parties means any and all of their obligations,

whether absolute or contingent and howsoever and whensoever created, arising, evidenced or

acquired (including all renewals, extensions and modifications thereof and substitutions therefor)

in connection with Bank Products.

“Base Rate”

 means, for any day, the rate per annum equal to the greatest of: (a) the rate

of interest announced or otherwise established by the Administrative Agent from time to time as

its prime commercial rate

as in effect on such day, with any change in the Base Rate resulting from

a change in said prime commercial rate to be effective as of the date of the relevant change in said

prime commercial rate (it being acknowledged and agreed that such rate may not be the

Administrative Agent’s best or lowest rate), (b) the sum of (i) the Federal Funds Rate for such day,

-5-

plus

 (ii) 1/2 of 1%, and (c) the LIBOR Quoted Rate for such day

plus

1.00%. As used herein, the

term

“LIBOR Quoted Rate”

 means, for any day, the rate per annum equal to the quotient of (i) the

rate per annum (rounded upwards, if necessary, to the next higher one hundred-thousandth of a

percentage point) for deposits in U.S. Dollars for a one-month interest period as reported on the

applicable Bloomberg screen page (or such other commercially available source providing such

quotations as may be designated by the Administrative Agent from time to time) as of 11:00 a.m.

(London, England time) on such day (or, if such day is not a Business Day, on the immediately

preceding Business Day) divided by (ii) one (1) minus the Eurodollar Reserve Percentage,

provided

 that in no event shall the “LIBOR Quoted Rate” be less than 0.00%.

“Base Rate Loan”

 means a Loan bearing interest at a rate specified in Section 2.4(a).

“Beneficial Ownership Certification”

 means a certification regarding beneficial ownership

a required by the Beneficial Ownership Regulation.

“Beneficial Ownership Regulation”

 means 31 CFR § 1010.230.

“Borrower”

 is defined in the introductory paragraph of this Agreement.

“Borrowing”

 means the total of Loans of a single type advanced, continued for an

additional Interest Period, or converted from a different type into such type by the Lenders under

a Facility on a single date and, in the case of Eurodollar Loans, for a single Interest Period. 

Borrowings of Loans are made and maintained ratably from each of the Lenders under a Facility

according to their Percentages of such Facility. A Borrowing is

“advanced”

 on the day Lenders

advance funds comprising such Borrowing to the Borrower, is

“continued”

 on the date a new

Interest Period for the same type of Loans commences for such Borrowing, and is

“converted”

when such Borrowing is changed from one type of Loans to the other, all as determined pursuant

to Section 2.6. Borrowings of Swingline Loans are made by the Swingline Lender in accordance

with the procedures set forth in Section 2.2(b).

“Business Day”

 means any day (other than a Saturday or Sunday) on which banks are not

authorized or required to close in Chicago, Illinois and, if the applicable Business Day relates to

the advance or continuation of, or conversion into, or payment of a Eurodollar Loan, on which

banks are dealing in U.S. Dollar deposits in the interbank eurodollar market in London, England.

“Capital Expenditures”

 means, with respect to any Person for any period, the aggregate

amount of all expenditures (whether paid in cash or accrued as a liability) by such Person during

that period for the acquisition or leasing (pursuant to a Capital Lease) of fixed or capital assets or

additions to property, plant, or equipment (including replacements, capitalized repairs, and

improvements), and for any of the foregoing are required to be capitalized on the balance sheet of

such Person in accordance with GAAP. 

“Capital Lease

” means any lease of Property which in accordance with GAAP is required

to be capitalized on the balance sheet of the lessee;

provided

 that the adoption or issuance of any

accounting standards after the Closing Date will not cause any lease that was not or would not

have been a Capital Lease prior to such adoption or issuance to be deemed a Capital Lease.

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“Capitalized Lease Obligation”

 means, for any Person, the amount of the liability shown

on the balance sheet of such Person in respect of a Capital Lease determined in accordance with

GAAP.

“Cash Collateralize”

 means, to pledge and deposit with or deliver to the Administrative

Agent, for the benefit of one or more of the L/C Issuer or Lenders, as collateral for L/C Obligations

or obligations of Lenders to fund participations in respect of L/C Obligations, cash or deposit

account balances subject to a first priority perfected security interest in favor of the Administrative

Agent or, if the Administrative Agent and each applicable L/C Issuer shall agree in their sole

discretion, other credit support, in each case pursuant to documentation in form and substance

satisfactory to the Administrative Agent and each applicable L/C Issuer. 

“Cash Collateral”

 shall

have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral

and other credit support.

“Cash Equivalents”

means (a) cash in banks or on hand and (b) investments with a

maturity of three (3) months or less when purchased, which are made in accordance with the Cal-

Maine Investment Guidelines as attached hereto as Schedule 1.1,

17

 as the same may be amended

from time to time with the consent of the Required Lenders.

“CERCLA”

means the Comprehensive Environmental Response, Compensation and

Liability Act of 1980, as amended by the Superfund Amendments and Reauthorization Act of

1986, 42 U.S.C.

§§

9601

et seq.,

 and any future amendments.

“Change in Law”

 means the occurrence, after the date of this Agreement, of any of the

following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change

in any law, rule, regulation or treaty or in the administration, interpretation, implementation or

application thereof by any Governmental Authority, or (c) the making or issuance of any request,

rule, guideline or directive (whether or not having the force of law) by any Governmental

Authority;

provided

 that notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall

Street Reform and Consumer Protection Act and all requests, rules, regulations, guidelines or

directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or

directives promulgated by the Bank for International Settlements, the Basel Committee on Banking

Supervision (or any successor or similar authority) or the United States or foreign regulatory

authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change in

Law”, regardless of the date enacted, adopted or issued, or (b) any “Change of Control” (or words

of like import), as defined in any agreement or indenture relating to any issue of Material

Indebtedness of any Loan Party or any Subsidiary of a Loan Party, shall occur.

“Change of Control”

 means Fred R. Adams Jr. , his spouse, natural children, sons-in-law

or grandchildren, or any trust, guardianship, conservatorship or custodianship for the primary

benefit of any of the foregoing, or any family limited partnership, similar limited liability company

or other entity that 100% of voting control of such entity, is held by any of the foregoing, cease at

17

 Note to Cal-Maine: Please provide most up to date version of the investment guidelines.

-7-

any time and for any reason (including death or incapacity) to own, legally and beneficially, at

least 50% of the votes represented by the Voting Stock of the Borrower.

“Closing Date”

 means the date of this Agreement or such later Business Day upon which

each condition described in Section 7.2 shall be satisfied or waived in a manner acceptable to the

Administrative Agent in its discretion.

“Code”

 means the Internal Revenue Code of 1986, as amended, and any successor statute

thereto.

“Collateral”

 means all properties, rights, interests, and privileges from time to time subject

to the Liens granted to the Administrative Agent, or any security trustee therefor, by the Collateral

Documents.

“Collateral Account”

 is defined in Section 9.4.

“Collateral Access Agreement”

 means any landlord waiver, warehouse, processor or other

bailee letter or other agreement, in form and substance satisfactory to the Administrative Agent,

between the Administrative Agent and any third party (including any bailee, consignee, customs

broker, or other similar Person) in possession of any Collateral or any landlord of the Borrower or

any Subsidiary for any real property where any Collateral is located, as such landlord waiver,

bailee letter or other agreement may be amended, restated, or otherwise modified from time to

time.

“Collateral Documents”

means the Security Agreement, and all other mortgages, deeds of

trust, security agreements, pledge agreements, assignments, financing statements, control

agreements, and other documents as shall from time to time secure or relate to the Secured

Obligations or any part thereof.

“Commitments”

 means the Revolving Credit Commitments.

“

Commodity Exchange Act”

 means the Commodity Exchange Act (7 U.S.C. § 1 et seq.),

as amended from time to time, and any successor statute. 

“Connection Income Taxes”

 means Other Connection Taxes that are imposed on or

measured by net income (however denominated) or that are franchise Taxes or branch profit Taxes.

“Control”

means the possession, directly or indirectly, of the power to direct or cause the

direction of the management or policies of a Person, whether through the ability to exercise voting

power, by contract or otherwise. 

“Controlling”

 and

“Controlled”

 have meanings correlative

thereto.

“Controlled Group”

 means all members of a controlled group of corporations and all

trades or businesses (whether or not incorporated) under common control which, together with any

Loan Party, are treated as a single employer under Section 414 of the Code.

-8-

“Credit Event”

 means the advancing of any Loan, or the issuance of, or extension of the

expiration date or increase in the amount of, any Letter of Credit.

“Debtor Relief Laws”

 means the Bankruptcy Code of the United States of America, and

all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors,

moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws

of the United States or other applicable jurisdictions from time to time in effect.

“Default”

 means any event or condition which constitutes an Event of Default or any event

or condition the occurrence of which would, with the passage of time or the giving of notice, or

both, constitute an Event of Default.

“Defaulting Lender”

 means, subject to Section 2.13(b), any Lender that (a) has failed to

(i) fund all or any portion of its Loans within two (2) Business Days of the date such Loans were

required to be funded hereunder unless such Lender notifies the Administrative Agent and the

Borrower in writing that such failure is the result of such Lender’s determination that one or more

conditions precedent to funding (each of which conditions precedent, together with any applicable

default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to the

Administrative Agent, any L/C Issuer, the Swingline Lender or any other Lender any other amount

required to be paid by it hereunder (including in respect of its participation in Letters of Credit or

Swingline Loans) within two (2) Business Days of the date when due, (b) has notified the

Borrower, the Administrative Agent or any L/C Issuer or the Swingline Lender in writing that it

does not intend to comply with its funding obligations hereunder, or has made a public statement

to that effect (unless such writing or public statement relates to such Lender’s obligation to fund a

Loan hereunder and states that such position is based on such Lender’s determination that a

condition precedent to funding (which condition precedent, together with any applicable default,

shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has

failed, within three (3) Business Days after written request by the Administrative Agent or the

Borrower, to confirm in writing to the Administrative Agent and the Borrower that it will comply

with its prospective funding obligations hereunder (

provided

 that such Lender shall cease to be a

Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by the

Administrative Agent and the Borrower), or (d) has, or has a direct or indirect parent company that

has, at any time after the Closing Date (i) become the subject of a proceeding under any Debtor

Relief Law, (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator,

assignee for the benefit of creditors or similar Person charged with reorganization or liquidation

of its business or assets, including the Federal Deposit Insurance Corporation or any other state or

federal regulatory authority acting in such a capacity or (iii) become the subject of a Bail-in Action;

provided

 that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or

acquisition of any equity interest in that Lender or any direct or indirect parent company thereof

by a Governmental Authority so long as such ownership interest does not result in or provide such

Lender with immunity from the jurisdiction of courts within the United States or from the

enforcement of judgments or writs of attachment on its assets or permit such Lender (or such

Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements

made with such Lender. Any determination by the Administrative Agent that a Lender is a

Defaulting Lender under clauses (a) through (d) above shall be conclusive and binding absent

manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to

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Section 2.13(b)) upon delivery of written notice of such determination to the Borrower, the L/C

Issuer, the Swingline Lender and each Lender.

“Designated Disbursement Account”

 means the account of the Borrower maintained with

the Administrative Agent or its Affiliate and designated in writing to the Administrative Agent as

the Borrower’s Designated Disbursement Account (or such other account as the Borrower and the

Administrative Agent may otherwise agree).

“Disposition”

 means the sale, lease, conveyance or other disposition of Property, other

than (a) the sale or lease of inventory in the ordinary course of business, and (b) the sale, transfer,

lease or other disposition of Property of a Loan Party to another Loan Party in the ordinary course

of its business. 

“Domestic Subsidiary”

 means a Subsidiary that is not a Foreign Subsidiary.

“EEA Financial Institution”

 means (a) any credit institution or investment firm established

in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority,

(b) any entity established in an EEA Member Country which is a parent of an institution described

in clause (a) of this definition, or (c) any financial institution established in an EEA Member

Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and

is subject to consolidated supervision with its parent.

“EEA Member Country”

 means any of the member states of the European Union, Iceland,

Liechtenstein, and Norway.

“EEA Resolution Authority”

 means any public administrative authority or any person

entrusted with public administrative authority of any EEA Member Country (including any

delegee) having responsibility for the resolution of any EEA Financial Institution.

“Eligible Assignee”

means any Person that meets the requirements to be an assignee under

Section 13.2(b)(iii), (v) and (vi) (subject to such consents, if any, as may be required under

Section 13.2(b)(iii)).

“Eligible Line of Business”

 means any business engaged in as of the date of this Agreement

by the Borrower or any other Loan Party or any business reasonably related thereto, including,

without limitation, spent foul business, further processing, fertilizer or nutrient manufacturing or

cooperative purchasing or similar businesses related to Borrower’s commercial egg production

business.

“Environmental Claim”

means any investigation, notice, violation, demand, allegation,

action, suit, injunction, judgment, order, consent decree, penalty, fine, lien, proceeding or claim

(whether administrative, judicial or private in nature), but not including internal reports prepared

by or on behalf of Borrower in the ordinary course of business, arising (a) pursuant to, or in

connection with an actual or alleged violation of, any Environmental Law, (b) in connection with

any Hazardous Material, (c) from any abatement, removal, remedial, investigative, corrective or

response action in connection with a Hazardous Material, Environmental Law or order of a

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governmental authority or (d) from any actual or alleged damage, injury, threat or harm to health,

safety, natural resources or the environment.

“Environmental Law”

 means any current or future Legal Requirement pertaining to (a) the

protection of health, safety and the indoor or outdoor environment, (b) the conservation,

management, protection or use of natural resources and wildlife, (c) the protection or use of surface

water or groundwater, (d) the management, manufacture, possession, presence, use, generation,

transportation, treatment, storage, disposal, Release, threatened Release, abatement, removal,

investigation, remediation or handling of, or exposure to, any Hazardous Material or (e) pollution

(including any Release to air, land, surface water or groundwater), and any amendment, rule,

regulation, order or directive issued thereunder.

“Environmental Liability”

 means any liability, contingent or otherwise (including any

liability for damages, costs of environmental remediation, fines, costs of compliance, penalties or

indemnities), of any Loan Party or any Subsidiary of a Loan Party directly or indirectly resulting

from or based upon (a) any actual or alleged violation of any Environmental Law, (b) the

generation, use, handling, transportation, storage, treatment or disposal of any Hazardous

Materials, (c) exposure to any Hazardous Materials, (d) the Release or threatened Release of any

Hazardous Materials into the environment or (e) any contract, agreement or other legally

enforceable consensual arrangement pursuant to which liability is assumed or imposed with

respect to any of the foregoing.

“ERISA”

 means the Employee Retirement Income Security Act of 1974, as amended, or

any successor statute thereto.

“EU Bail-In Legislation Schedule”

 means the EU Bail-In Legislation Schedule published

by the Loan Market Association (or any successor Person), as in effect from time to time.

“Eurodollar Loan”

 means a Loan bearing interest at the rate specified in Section 2.4(b).

“Eurodollar Reserve Percentage”

 means the maximum reserve percentage, expressed as

a decimal, at which reserves (including, without limitation, any emergency, marginal, special, and

supplemental reserves) are imposed by the Board of Governors of the Federal Reserve System (or

any successor) on

“eurocurrency liabilities”

, as defined in such Board’s Regulation D (or any

successor thereto), subject to any amendments of such reserve requirement by such Board or its

successor, taking into account any transitional adjustments thereto. For purposes of this definition,

the relevant Loans shall be deemed to be

“eurocurrency liabilities”

 as defined in Regulation D

without benefit or credit for any prorations, exemptions or offsets under Regulation D.

The

Eurodollar Reserve Percentage shall be adjusted automatically on and as of the effective date of

any change in any such reserve percentage.

“Event of Default”

 means any event or condition identified as such in Section 9.1.

“Event of Loss”

 means, with respect to any Property, any of the following: (a) any loss,

destruction or damage of such Property or (b) any condemnation, seizure, or taking, by exercise of

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the power of eminent domain or otherwise, of such Property, or confiscation of such Property or

the requisition of the use of such Property. 

“Exchange Act”

 means the United States Securities and Exchange Act of 1934.

“Excluded Deposit Account”

means a deposit account the balance of which consists

exclusively of (and is identified when established as an account established solely for the purposes

of) (a) withheld income Taxes and federal, state, local or foreign employment Taxes in such

amounts as are required in the reasonable judgment of a Loan Party to be paid to the Internal

Revenue Service or any other U.S., federal, state or local or foreign government agencies within

the following month with respect to employees of such Loan Party, (b) amounts required to be

paid over to an employee benefit plan pursuant to DOL Reg. Sec. 2510.3-102 on behalf of or for

the benefit of employees of any Loan Party, (c) amounts which are required to be pledged or

otherwise provided as security pursuant to any requirement of any Governmental Authority or

foreign pension requirement, (d) amounts to be used to fund payroll obligations (including, but not

limited to, any ZBA for payroll and amounts payable to any employment contracts between any

Loan Party and their respective employees), (e) Texas Egg Products, LLC and South Texas

Applicators, Inc. deposit accounts, and (f) other deposit accounts maintained in the ordinary

course of business containing cash amounts that do not exceed at any time $2,000,000 in the

aggregate for all such accounts under this clause (f), unless requested by the Administrative Agent

after the occurrence and during the continuation of an Event of Default.

“

Excluded Equity Issuances

” means (a) the issuance by any Subsidiary of equity securities

to the Borrower or any Guarantor, as applicable, (b) the issuance of equity securities by the

Borrower to any Person that is an equity holder of the Borrower prior to such issuance, (c) the

issuance of equity securities of the Borrower to directors, officers and employees of the Borrower

and its Subsidiaries pursuant to employee stock option plans (or other employee incentive plans

or other compensation arrangements) approved by the Borrower’s Board of Directors, and (d) the

issuance of equity securities of the Borrower in order to finance the purchase consideration (or a

portion thereof) in connection with a Permitted Acquisition or Capital Expenditures.

“Excluded Property”

means (a) any intent-to-use trademark application prior to the filing

of a “Statement of Use” or “Amendment to Allege Use” with the United States Patent and

Trademark Office with respect thereto, to the extent, if any, that, and solely during the period, if

any, in which, the grant of a security interest therein would impair the validity or enforceability of

such intent-to-use trademark application under applicable federal law; (b) any permit or license

issued to any Loan Party as the permit holder or licensee thereof or any lease to which any Loan

Party is lessee thereof, in each case only to the extent and for so long as the terms of such permit,

license, or lease effectively (after giving effect to Sections 9-406 through 9-409, inclusive, of the

Uniform Commercial Code in the applicable state (or any successor provision or provisions) or

any other applicable law) prohibit the creation by such Loan Party of a security interest in such

permit, license, or lease in favor of the Administrative Agent or would result in an effective

invalidation, termination or breach of the terms of any such permit, license or lease (after giving

effect to Sections 9-406 through 9-409, inclusive, of the Uniform Commercial Code in the

applicable state (or any successor provision or provisions) or any other applicable law), in each

case unless and until any required consents are obtained,

provided

 that the Excluded Property will

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not include, and the Collateral shall include and the security interest granted in the Collateral shall

attach to, (x) all proceeds, substitutions or replacements of any such excluded items referred to

herein unless such proceeds, substitutions or replacements would constitute excluded items

hereunder, (y) all rights to payment due or to become due under any such excluded items referred

to herein, and (z) if and when the prohibition which prevents the granting of a security interest in

any such Property is removed, terminated, or otherwise becomes unenforceable as a matter of law,

the Administrative Agent will be deemed to have, and at all times to have had, a security interest

in such property, and the Collateral will be deemed to include, and at all times to have included,

such Property without further action or notice by any Person; and (c) Excluded Deposit Accounts. 

“

Excluded Swap Obligation

” means, with respect to any Guarantor, any Swap Obligation

if, and to the extent that, all or a portion of the Guarantee of such Guarantor of, or the grant by

such Guarantor of a security interest to secure, such Swap Obligation (or any Guarantee thereof)

is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the

Commodity Futures Trading Commission (or the application or official interpretation of any

thereof) by virtue of such Guarantor’s failure for any reason not to constitute an “eligible contract

participant” as defined in the Commodity Exchange Act and the regulations thereunder at the time

the Guarantee of such Guarantor or the grant of such security interest becomes effective with

respect to such related Swap Obligation. If a Swap Obligation arises under a master agreement

governing more than one swap, such exclusion shall apply only to the portion of such Swap

Obligation that is attributable to swaps for which such Guarantee or security interest is or becomes

illegal.

“Excluded Taxes”

 means any of the following Taxes imposed on or with respect to a

Recipient or required to be withheld or deducted from a payment to a Recipient, (a) Taxes imposed

on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes,

in each case, (i) imposed as a result of such Recipient being organized under the laws of, or having

its principal office or, in the case of any Lender, its applicable lending office located in, the

jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other

Connection Taxes, (b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts

payable to or for the account of such Lender with respect to an applicable interest in a Loan or

Commitment pursuant to a law in effect on the date on which (i) such Lender acquires such interest

in the Loan or Commitment (other than pursuant to an assignment request by the Borrower under

Section 2.12) or (ii) such Lender changes its lending office, except in each case to the extent that,

pursuant to Section 4.1 amounts with respect to such Taxes were payable either to such Lender’s

assignor immediately before such Lender became a party hereto or to such Lender immediately

before it changed its lending office, (c) Taxes attributable to such Recipient’s failure to comply

with Section 4.1(g), and (d) any U.S. federal withholding Taxes imposed under FATCA .

“Existing Credit Agreement”

has the meaning specified in the Preliminary Statements

hereto.

“Extended Revolving Credit Commitment”

means any Revolving Credit Commitment the

maturity of which has been extended pursuant to Section 2.16.

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“

Extended Revolving Loans

” means any Revolving Loans made pursuant to the Extended

Revolving Credit Commitments.

“

Extended Incremental Term Loans

” means any Incremental Term Loans the maturity of

which shall have been extended pursuant to Section 2.16.

“

Extension

” has the meaning specified in Section 2.16(a).

“

Extension Offer

” has the meaning specified in Section 2.16(a).

“Facility”

 means any of the Revolving Facility or the Incremental Term Facility.

“FATCA”

 means Sections 1471 through 1474 of the Code, as of the date of this Agreement

(or any amended or successor version that is substantively comparable and not materially more

onerous to comply with), any current or future regulations or official interpretations thereof, and

any agreements entered into pursuant to Section 1471(b)(1) of the Code.

“FCPA”

 means the Foreign Corrupt Practices Act, 15 U.S.C. §§78dd-1, et seq.

“Federal Funds Rate”

 means, for any day, the rate per annum equal to the weighted

average of the rates on overnight federal funds transactions with members of the Federal Reserve

System, as published by the Federal Reserve Bank of New York on the Business Day next

succeeding such day;

provided

 that (a) if such day is not a Business Day, the Federal Funds Rate

for such day shall be such rate on such transactions on the next preceding Business Day as so

published on the next succeeding Business Day, and (b) if no such rate is so published on such

next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate

(rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to the Administrative

Agent on such day on such transactions as determined by the Administrative Agent;

provided

 that

in no event shall the Federal Funds Rate be less than 0.00%.

“Financial Officer”

 of any Person means the chief financial officer, principal accounting

officer, treasurer or controller of such Person. 

“Foreign Lender”

means a Lender that is not a U.S. Person.

“Foreign Subsidiary”

 means each Subsidiary that (a) is organized under the laws of a

jurisdiction other than the United States of America or any state thereof or the District of Columbia,

(b) conducts substantially all of its business outside of the United States of America, and (c) has

substantially all of its assets outside of the United States of America. 

“Fronting Exposure”

 means, at any time there is a Defaulting Lender, (a) with respect to

any L/C Issuer, such Defaulting Lender’s Revolver Percentage of the outstanding L/C Obligations

with respect to Letters of Credit issued by such L/C Issuer other than L/C Obligations as to which

such Defaulting Lender’s participation obligation has been reallocated to other Lenders or Cash

Collateralized in accordance with the terms hereof, and (b) with respect to the Swingline Lender,

such Defaulting Lender’s Revolver Percentage of outstanding Swingline Loans made by the

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Swingline Lender other than Swingline Loans as to which such Defaulting Lender’s participation

obligation has been reallocated to other Lenders.

“Fund”

means any Person (other than a natural person) that is (or will be) engaged in

making, purchasing, holding or otherwise investing in commercial loans and similar extensions of

credit in the ordinary course of its business.

“GAAP”

 means generally accepted accounting principles set forth from time to time in the

opinions and pronouncements of the Accounting Principles Board and the American Institute of

Certified Public Accountants and statements and pronouncements of the Financial Accounting

Standards Board (or agencies with similar functions of comparable stature and authority within the

U.S. accounting profession), which are applicable to the circumstances as of the date of

determination.

“Governmental Authority”

 means the government of the United States of America or any

other nation, or of any political subdivision thereof, whether state or local, and any agency,

authority, instrumentality, regulatory body, court, central bank or other entity exercising executive,

legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to

government (including any supra-national bodies such as the European Union or the European

Central Bank).

“Guarantee”

 of or by any Person (the

“guarantor”

) means any obligation, contingent or

otherwise, of the guarantor guaranteeing or having the economic effect of guaranteeing any

Indebtedness or other obligation of any other Person (the

“primary obligor”

) in any manner,

whether directly or indirectly, and including any obligation of the guarantor, direct or indirect,

(a) to purchase or pay (or advance or supply funds for the purchase or payment of) such

Indebtedness or other obligation or to purchase (or to advance or supply funds for the purchase of)

any security for the payment thereof, (b) to purchase or lease property, securities or services for

the purpose of assuring the owner of such Indebtedness or other obligation of the payment thereof,

(c) to maintain working capital, equity capital or any other financial statement condition or

liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or

other obligation or (d) as an account party in respect of any letter of credit or letter of guaranty

issued to support such Indebtedness or obligation;

provided

 that the term Guarantee shall not

include endorsements for collection or deposit in the ordinary course of business.

“Guaranty Agreements”

 means and includes the Guarantee of the Loan Parties provided

for in Section 11, and any other guaranty agreement executed and delivered in order to guarantee

the Secured Obligations or any part thereof in form and substance acceptable to the Administrative

Agent.

“Guarantors”

 means and includes each Wholly-owned Subsidiary that is a Domestic

Subsidiary of the Borrower, and Borrower, in its capacity as a guarantor of the Secured Obligations

of another Loan Party. 

“Hazardous Material”

means any substance, chemical, compound, product, solid, gas,

liquid, waste, byproduct, pollutant, contaminant or material which is hazardous, toxic, or a

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pollutant and regulated pursuant to any Environmental Law and includes, without limitation,

(a) asbestos, polychlorinated biphenyls and petroleum (including crude oil or any fraction thereof)

and (b) any material classified or regulated as “hazardous,” “toxic,” or a “pollutant” or words of

like import pursuant to an Environmental Law. For the purposes of this Agreement, however, the

Parties acknowledge and agree that Borrower is in the live animal agriculture business and

routinely generates, stores, handles, transports, composts, disposes of, applies and/or sells manure

for beneficial reuse (fertilizer) in the ordinary course of business, that manure naturally breaks

down and releases ammonia, phosphorus and other substances and such manure and its constituent

parts shall not be “Hazardous Material” hereunder.

“Hazardous Material Activity”

 means any activity, event or occurrence involving a

Hazardous Material, including, without limitation, the manufacture, possession, presence, use,

generation, transportation, treatment, storage, disposal, Release, threatened Release, abatement,

removal, remediation, handling of or corrective or response action to any Hazardous Material.

“Hedging Agreement”

 means any agreement with respect to any swap, forward, future or

derivative transaction or option or similar agreement involving, or settled by reference to, one or

more rates, currencies, commodities, equity or debt instruments or securities, or economic,

financial or pricing indices or measures of economic, financial or pricing risk or value or any

similar transaction or any combination of these transactions;

provided

 that no phantom stock or

similar plan providing for payments only on account of services provided by current or former

directors, officers, employees or consultants of any Loan Party or its Subsidiaries shall be a

Hedging Agreement.

“Hedging Liability”

 means the liability of any Loan Party

to any of the Lenders, or any

Affiliates of such Lenders in respect of any Hedging Agreement as such Loan Party may from

time to time enter into with any one or more of the Lenders party to this Agreement or their

Affiliates, whether absolute or contingent and howsoever and whensoever created, arising,

evidenced or acquired (including all renewals, extensions and modifications thereof and

substitutions therefor);

provided, however,

 that, with respect to any Guarantor, Hedging Liability

Guaranteed by such Guarantor shall exclude all Excluded Swap Obligations. 

“Hostile Acquisition”

 means the acquisition of the capital stock or other equity interests of

a Person through a tender offer or similar solicitation of the owners of such capital stock or other

equity interests which has not been approved (prior to such acquisition) by resolutions of the Board

of Directors of such Person or by similar action if such Person is not a corporation, or as to which

such approval has been withdrawn.

“Increase”

 is defined in Section 2.15.

“Increase Date”

 is defined in Section 2.15.

“Incremental Amendment”

 is defined in Section 2.15.

“Incremental Term Facility”

 means the credit facility for Incremental Term Loans.

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“Incremental Term Loans”

 is defined in Section 2.15.

“Incremental Term Loan Percentage”

means, for each Lender, the percentage held by such

Lender of the aggregate principal amount of all Incremental Term Loans outstanding, if any.

“Indebtedness”

 means for any Person (without duplication) (a) all indebtedness created,

assumed or incurred in any manner by such Person representing money borrowed (including by

the issuance of debt securities), (b) all indebtedness for the deferred purchase price of property or

services (other than trade accounts payable arising in the ordinary course of business), (c) all

indebtedness secured by any Lien upon Property of such Person, whether or not such Person has

assumed or become liable for the payment of such indebtedness, (d) all Capitalized Lease

Obligations of such Person, (e) all obligations of such Person on or with respect to letters of credit,

bankers’ acceptances and other extensions of credit to the extent any of the foregoing are not cash

collateralized, whether or not representing obligations for borrowed money, (f) all obligations of

such Person to purchase, redeem, retire, defease or otherwise make any payment in respect of any

equity interest in such Person or any other Person or any warrant, right or option to acquire such

equity interest, valued, in the case of a redeemable preferred interest, at the greater of its voluntary

or involuntary liquidation preference plus accrued and unpaid dividends, (g) all net obligations

(determined as of any time based on the termination value thereof) of such Person under any

interest rate, foreign currency, and/or commodity swap, exchange, cap, collar, floor, forward,

future or option agreement, or any other similar interest rate, currency or commodity hedging

arrangement; and (h) all Guarantees of such Person in respect of any of the foregoing. For all

purposes hereof, the Indebtedness of any Person shall include the Indebtedness of any partnership

or joint venture (other than a joint venture that is itself a corporation or limited liability company)

in which such Person is a general partner or a joint venturer, unless such Indebtedness is expressly

made non-recourse to such Person.

“Indemnified Taxes”

 means (a) all Taxes other than Excluded Taxes, imposed on or with

respect to any payment made by or on account of any obligation of any Loan Party under any Loan

Document and (b) to the extent not otherwise described in (a), Other Taxes.

“Interest Payment Date”

 means (a) with respect to any Eurodollar Loan, the last day of

each Interest Period with respect to such Eurodollar Loan and on the maturity date and, if the

applicable Interest Period is longer than three (3) three months, on each day occurring every

three (3) months after the commencement of such Interest Period, (b) with respect to any Base

Rate Loan (other than Swingline Loans), the last day of every calendar quarter and on the maturity

date, and (c) as to any Swingline Loan, (i) bearing interest by reference to the Base Rate, the last

day of every calendar month, and on the maturity date and (ii) bearing interest by reference to the

Swingline Lender’s Quoted Rate, the last day of the Interest Period with respect to such Swingline

Loan, and on the maturity date.

“Interest Period”

 means the period commencing on the date a Borrowing of Eurodollar

Loans or Swingline Loans (bearing interest at the Swingline Lender’s Quoted Rate) is advanced,

continued, or created by conversion and ending (a) in the case of Eurodollar Loans, one (1),

two (2), three (3), six (6) or twelve (12) months thereafter and (b) in the case of Swingline Loans

bearing interest at the Swingline Lender’s Quoted Rate, on the date one (1) to five (5) Business

-17-

Days thereafter as mutually agreed by the Borrower and the Swingline Lender,

provided, however,

that:

 (i) no Interest Period shall extend beyond the final maturity date of the relevant

Loans; 

 (ii) whenever the last day of any Interest Period would otherwise be a day that

is not a Business Day, the last day of such Interest Period shall be extended to the next

succeeding Business Day,

provided

that, if such extension would cause the last day of an

Interest Period for a Borrowing of Eurodollar Loans to occur in the following calendar

month, the last day of such Interest Period shall be the immediately preceding Business

Day; and 

 (iii) for purposes of determining an Interest Period for a Borrowing of

Eurodollar Loans, a month means a period starting on one day in a calendar month and

ending on the numerically corresponding day in the next calendar month;

provided,

however,

 that if there is no numerically corresponding day in the month in which such an

Interest Period is to end or if such an Interest Period begins on the last Business Day of a

calendar month, then such Interest Period shall end on the last Business Day of the calendar

month in which such Interest Period is to end.

“IRS”

means the United States Internal Revenue Service.

“L/C Issuer”

 means BMO Harris Bank N.A., in its capacity as the issuer of Letters of

Credit hereunder, in each case together with its successors in such capacity as provided in

Section 2.3(h).

“L/C Obligations”

 means the aggregate undrawn face amounts of all outstanding Letters

of Credit and all unpaid Reimbursement Obligations.

“L/C Participation Fee”

 is defined in Section 3.1(b).

“L/C Sublimit”

 means $15,000,000, as reduced or otherwise amended pursuant to the terms

hereof.

“Legal Requirement”

 means any treaty, convention, statute, law, common law, rule,

regulation, ordinance, license, permit, governmental approval, injunction, judgment, order,

consent decree or other requirement of any governmental authority, whether federal, state, or local.

“Lenders”

 means and includes BMO Harris Bank N.A.

and the other Persons listed on

Schedule 2.1/2.2 and any other Person that shall have become party hereto pursuant to an

Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant

to an Assignment and Assumption. Unless the context requires otherwise, the term

“Lenders”

includes the Swingline Lender.

“Lending Office”

 is defined in Section 4.7.

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“Letter of Credit”

 is defined in Section 2.3(a).

“LIBOR”

 means, for an Interest Period for a Borrowing of Eurodollar Loans, (a) the

LIBOR Index Rate for such Interest Period, if such rate is available, and (b) if the LIBOR Index

Rate cannot be determined, the arithmetic average of the rates of interest per annum (rounded

upwards, if necessary, to the nearest 1/100 of 1%) at which deposits in U.S. Dollars in immediately

available funds are offered to the Administrative Agent at 11:00 a.m. (London, England time) two

(2) Business Days before the beginning of such Interest Period by three (3) or more major banks

in the interbank euro dollar market selected by the Administrative Agent for delivery on the first

day of and for a period equal to such Interest Period and in an amount equal or comparable to the

principal amount of the Eurodollar Loan scheduled to be made as part of such Borrowing, provided

that in no event shall “LIBOR” be less than 0.00%.

“LIBOR Index Rate”

 means, for any Interest Period, the rate per annum (rounded upwards,

if necessary, to the next higher one hundred-thousandth of a percentage point) for deposits in U.S.

Dollars for a period equal to such Interest Period, as reported on the applicable Bloomberg screen

page (or such other commercially available source providing such quotations as may be designated

by the Administrative Agent from time to time)

as of 11:00 a.m. (London, England time) on the

day two (2) Business Days before the commencement of such Interest Period.

“Lien”

means any mortgage, lien, security interest, pledge, charge or encumbrance of any

kind in respect of any Property, including the interests of a vendor or lessor under any conditional

sale, Capital Lease or other title retention arrangement.

“Loan”

 means any Revolving Loan, Swingline Loan, or Incremental Term Loan (if any)

whether outstanding as a Base Rate Loan or Eurodollar Loan or otherwise, each of which is a

“type”

 of Loan hereunder.

“Loan Documents”

 means this Agreement, the Notes (if any), the Applications, the

Collateral Documents, the Guaranty Agreements, and each other instrument or document to be

delivered hereunder or thereunder or otherwise in connection therewith.

“Loan Party”

 means the Borrower and each of the Guarantors. 

“Marketable Securities”

 means investments with a maturity of more than three (3) months

when purchased which are made in accordance with the Cal-Maine Investment Guidelines as

attached hereto as Schedule 1.1, as the same may be amended from time to time with the consent

of the Required Lenders.

“Material Adverse Effect”

 means (a) a material adverse change in, or material adverse

effect upon, the operations, business, or financial condition of the Borrower or of the Loan Parties

and their Subsidiaries taken as a whole, (b) a material impairment of the ability of any Loan Party

to perform its material

obligations under any Loan Document or (c) a material adverse effect upon

(i) the legality, validity, binding effect or enforceability against any Loan Party of any Loan

Document or the material rights and remedies of the Administrative Agent and the Lenders

thereunder or (ii) the perfection or priority of any Lien granted under any Collateral Document.

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“Material Indebtedness”

 means Indebtedness (other than the Loans and Letters of Credit),

or obligations in respect of one or more Hedging Agreements, of any one or more of the Loan

Parties and its Subsidiaries with an individual outstanding principal amount exceeding

$30,000,000. For purposes of determining Material Indebtedness, the “obligations” of any Loan

Party or any Subsidiary in respect of any Hedging Agreement at any time shall be the maximum

aggregate amount (giving effect to any netting agreements) that such Loan Party or such

Subsidiary would be required to pay if such Hedging Agreement were terminated at such time.

“Minimum Collateral Amount”

 means, at any time, (a) with respect to Cash Collateral

consisting of cash or deposit account balances, an amount equal to 105% (or 100% if such Cash

Collateral consists of a demand or time deposit account) of the Fronting Exposure of all L/C Issuers

with respect to Letters of Credit issued and outstanding at such time and (b) otherwise, an amount

determined by the Administrative Agent and the L/C Issuer in their sole discretion.

“Moody’s”

 means Moody’s Investors Service, Inc.

“Net Cash Proceeds”

 means, as applicable, (a) with respect to any Disposition by a Person,

cash and cash equivalent proceeds received by or for such Person’s account, net of (i) reasonable

direct costs relating to such Disposition, (ii) sale, use or other transactional taxes paid or payable

by such Person as a direct result of such Disposition, and (iii) the amount of any Indebtedness

permitted hereby which is secured by a prior perfected Lien on the asset subject to such Disposition

and is required to be repaid in connection with such Disposition, (b) with respect to any Event of

Loss of a Person, cash and cash equivalent proceeds received by or for such Person’s account

(whether as a result of payments made under any applicable insurance policy therefor or in

connection with condemnation proceedings or otherwise), net of reasonable direct costs incurred

in connection with the collection of such proceeds, awards or other payments, and the amount of

any Indebtedness permitted hereby which is secured by a prior perfected Lien in the asset subject

to the Event of Loss and (c) with respect to any offering of equity securities of a Person or the

issuance of any Indebtedness by a Person, cash and cash equivalent proceeds received by or for

such Person’s account, net of reasonable legal, underwriting, and other fees and expenses incurred

as a direct result thereof. 

“Net Income”

 means, with reference to any period, the net income (or net loss) of the

Borrower and its Subsidiaries for such period computed on a consolidated basis in accordance with

GAAP;

provided

 that there shall be excluded from Net Income (a) the net income (or net loss) of

any Person accrued prior to the date it becomes a Subsidiary of, or has merged into or consolidated

with, the Borrower or another Subsidiary, (b) the net income (or net loss) of any Person (other than

a Subsidiary) in which the Borrower or any of its Subsidiaries has an equity interest, except to the

extent of the amount of dividends or other distributions actually paid to the Borrower or any of its

Subsidiaries during such period, and (c) the undistributed earnings of any Subsidiary to the extent

that the declaration or payment of dividends or similar distributions by such Subsidiary is not at

the time permitted by the terms of any contractual obligation (other than under any Loan

Document) or requirement of law applicable to such Subsidiary. 

“Net Worth”

means, at any time the same is to be determined, total shareholder’s equity

(including capital stock, additional paid in capital, and retained earnings after deducting treasury

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stock) that would appear on the balance sheet of the Borrower and its Subsidiaries, determined in

accordance with GAAP on a consolidated basis.

“Non-Consenting Lender”

means any Lender that does not approve any consent, waiver

or amendment that (a) requires the approval of all affected Lenders in accordance with the terms

of Section 13.3 and (b) has been approved by the Required Lenders.

“Non-Defaulting Lender”

 means, at any time, each Lender that is not a Defaulting Lender

at such time.

“Note”

 and

“Notes”

 each is defined in Section 2.10.

“Obligations”

 means all obligations of the Borrower to pay principal and interest on the

Loans, all Reimbursement Obligations owing under the Applications, all fees and charges payable

hereunder, and all other payment obligations of the Borrower or any other Loan Party arising under

or in relation to any Loan Document, in each case whether now existing or hereafter arising, due

or to become due, direct or indirect, absolute or contingent, and howsoever evidenced, held or

acquired.

“OFAC”

means the United States Department of Treasury Office of Foreign Assets

Control.

“OFAC Event”

is defined in Section 8.15.

“OFAC Sanctions Programs”

 means all laws, regulations, and Executive Orders

administered by OFAC, including without limitation, the Bank Secrecy Act, anti-money

laundering laws (including, without limitation, the Uniting and Strengthening America by

Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001,

Pub. L. 107-56 (a/k/a the USA Patriot Act)), and all economic and trade sanction programs

administered by OFAC, any and all similar United States federal laws, regulations or Executive

Orders (whether administered by OFAC or otherwise), and any similar laws, regulations or orders

adopted by any State within the United States.

“Other Connection Taxes”

means, with respect to any Recipient, Taxes imposed as a result

of a present or former connection between such Recipient and the jurisdiction imposing such Tax

(other than connections arising from such Recipient having executed, delivered, become a party

to, performed its obligations under, received payments under, received or perfected a security

interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or

sold or assigned an interest in any Loan or Loan Document).

“Other Taxes”

 means all present or future stamp, court or documentary, intangible,

recording, filing or similar Taxes that arise from any payment made under, from the execution,

delivery, performance, enforcement or registration of, from the receipt or perfection of a security

interest under, or otherwise with respect to, any Loan Document, except any such Taxes that are

Other Connection Taxes imposed with respect to an assignment (other than an assignment made

pursuant to Section 2.12).

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“Participant”

has the meaning assigned to such term in clause (d) of Section 13.2.

“Participant Register”

has the meaning specified in clause (d) of Section 13.2.

“Participating Interest”

 is defined in Section 2.3(e).

“Participating Lender”

 is defined in Section 2.3(e).

“PBGC”

 means the Pension Benefit Guaranty Corporation or any Person succeeding to

any or all of its functions under ERISA.

“Percentage”

means for any Lender its Revolver Percentage or its Incremental Term Loan

Percentage, as applicable.

“Permitted Acquisition”

 means any Acquisition with respect to which all of the following

conditions shall have been satisfied:

 (a) the Acquired Business is in an Eligible Line of Business and has its primary

operations within the United States of America;

 (b) the Acquisition shall not be a Hostile Acquisition;

 (c) the Borrower or a Subsidiary shall be the surviving entity in any merger to

which it is a party in connection with such Acquisition;

 (d) if a new Subsidiary is formed or acquired as a result of or in connection with

the Acquisition, the Borrower shall have complied with the requirements of Section 12.3

within 30 days of the completion thereof; 

 (e) after giving effect to the Acquisition and any Credit Event in connection

therewith, no Default shall exist, including with respect to the financial covenants

contained in Section 8.22 on a pro forma basis (looking back four completed fiscal quarters

as if the Acquisition occurred on the first day of such period and after giving effect to the

payment of the purchase price for the Acquired Business); and

 (f) after giving effect to the Acquisition and any Credit Event in connection

therewith, the sum of cash and Cash Equivalents of the Borrower plus availability under

the Revolving Facility shall equal at least $50,000,000. 

“Person”

means any natural Person, corporation, limited liability company, trust, joint

venture, association, company, partnership, Governmental Authority or other entity.

“Plan”

 means any employee pension benefit plan covered by Title IV of ERISA or subject

to the minimum funding standards under Section 412 of the Code that either (a) is maintained by

a member of the Controlled Group for employees of a member of the Controlled Group or (b) is

maintained pursuant to a collective bargaining agreement or any other arrangement under which

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more than one employer makes contributions and to which a member of the Controlled Group is

then making or accruing an obligation to make contributions or has within the preceding five plan

years made contributions.

“Premises”

 means the real property owned or leased by any Loan Party or any Subsidiary

of a Loan Party.

“Property”

 means, as to any Person, all types of real, personal, tangible, intangible or

mixed property owned by such Person whether or not included in the most recent balance sheet of

such Person and its subsidiaries under GAAP.

“

Qualified ECP Guarantor

” means, in respect of any Swap Obligation, each Loan Party

that has total assets exceeding $10,000,000 at the time the relevant Guarantee or grant of the

relevant security interest becomes effective with respect to such Swap Obligation or such other

person as constitutes an “eligible contract participant” under the Commodity Exchange Act or any

regulations promulgated thereunder and can cause another person to qualify as an “eligible contract

participant” at such time by entering into a keepwell under Section 1a(18)(A)(v)(II) of the

Commodity Exchange Act. 

“RCRA”

 means the Solid Waste Disposal Act, as amended by the Resource Conservation

and Recovery Act of 1976 and Hazardous and Solid Waste Amendments of 1984,

42 U.S.C.

§§

6901

et seq.

, and any future amendments.

“Recipient

” means (a) the Administrative Agent, (b) any Lender, and (c) any L/C Issuer,

as applicable.

“Register”

 is defined in Section 13.2(c).

“Reimbursement Obligation”

 is defined in Section 2.3(c).

“Related Parties”

means, with respect to any Person, such Person’s Affiliates and the

partners, directors, officers, employees, agents, trustees, administrators, managers, advisors and

representatives of such Person and of such Person’s Affiliates.

“Release”

 means any spilling, leaking, pumping, pouring, emitting, emptying,

discharging, injecting, escaping, leaching, migrating, dumping, or disposing into the indoor or

outdoor environment, including, without limitation, the abandonment or discarding of barrels,

drums, containers, tanks or other receptacles containing or previously containing any Hazardous

Material.

“Required Lenders”

means, at any time, Lenders having Total Credit Exposures

representing (a) if there are 2 or less Lenders, all of the Lenders, and (b) if there are 3 or more

Lenders, 50.0% or more of the Total Credit Exposures of all Lenders. To the extent provided in

the last paragraph of Section 13.3, the Total Credit Exposure of any Defaulting Lender shall be

disregarded in determining Required Lenders at any time.

-23-

“Responsible Officer”

 of any person means any executive officer or Financial Officer of

such Person and any other officer, general partner or managing member or similar official thereof

with responsibility for the administration of the obligations of such person in respect of this

Agreement whose signature and incumbency shall have been certified to the Administrative Agent

on or after the Closing Date pursuant to an incumbency certificate of the type contemplated by

Section 7.2.

“Revolver Percentage”

 means, for each Lender, the percentage of the total Revolving

Credit Commitments represented by such Lender’s Revolving Credit Commitment or, if the

Revolving Credit Commitments have been terminated or expired, the percentage of the total

Revolving Credit Exposure then outstanding held by such Lender.

“Revolving Facility”

 means the credit facility for making Revolving Loans and Swingline

Loans and issuing Letters of Credit described in Sections 2.1, 2.2 and 2.3. 

“Revolving Credit Commitment”

 means, as to any Lender, the obligation of such Lender

to make Revolving Loans and to participate in Swingline Loans and Letters of Credit issued for

the account of the Borrower hereunder in an aggregate principal or face amount at any one time

outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.1/2.2

attached hereto and made a part hereof, as the same may be reduced or modified at any time or

from time to time pursuant to the terms hereof (including, without limitation, Section 2.15 hereof). 

The Borrower and the Lenders acknowledge and agree that the Revolving Credit Commitments of

the Lenders aggregate $250,000,000 on the Closing Date.

“Revolving Credit Exposure”

means, as to any Lender at any time, the aggregate principal

amount at such time of its outstanding Revolving Loans and such Lender’s participation in L/C

Obligations and Swingline Loans at such time.

“Revolving Credit Termination Date”

 means November 15, 2026 or such earlier date on

which the Revolving Credit Commitments are terminated in whole pursuant to Section 2.11, 9.2

or 9.3.

“Revolving Loan”

is defined in Section 2.1 and, as so defined, includes a Base Rate Loan

or a Eurodollar Loan, each of which is a

“type”

 of Revolving Loan hereunder.

“Revolving Note”

 is defined in Section 2.10.

“S&P”

 means Standard & Poor’s Ratings Services Group, a Standard & Poor’s Financial

Services LLC business.

“SEC”

 means the United States Securities and Exchange Commission.

“Secured Obligations”

 means the Obligations, Hedging Liability, and Bank Product

Obligations, in each case whether now existing or hereafter arising, due or to become due, direct

or indirect, absolute or contingent, and howsoever evidenced, held or acquired (including all

interest, costs, fees, and charges after the entry of an order for relief against any Loan Party in a

-24-

case under the United States Bankruptcy Code or any similar proceeding, whether or not such

interest, costs, fees and charges would be an allowed claim against such Loan Party in any such

proceeding);

provided, however,

 that, with respect to any Guarantor, Secured Obligations

Guaranteed by such Guarantor shall exclude all Excluded Swap Obligations.

“Securities Act”

means the United States Securities Act of 1933.

“Security Agreement”

 means that certain Security Agreement dated as of July 10, 2018, as

amended and reaffirmed by that certain Reaffirmation, Modification and Omnibus Joinder

Agreement dated as of the date hereof among the Loan Parties and the Administrative Agent, as

the same may be amended, modified, amended and restated, supplemented or otherwise modified

from time to time.

“Subsidiary”

 means, as to any particular parent corporation or organization, any other

corporation or organization more than 50% of the outstanding Voting Stock of which is at the time

directly or indirectly owned by such parent corporation or organization or by any one or more

other entities which are themselves subsidiaries of such parent corporation or organization. Unless

otherwise expressly noted herein, the term

“Subsidiary”

 means a Subsidiary of the Borrower or

of any of its direct or indirect Subsidiaries.

“

Swap Obligation

” means, with respect to any Guarantor, any obligation to pay or perform

under any agreement, contract or transaction that constitutes a “swap” within the meaning of

Section 1a(47) of the Commodity Exchange Act. 

“Sweep Depositary”

 shall have the meaning set forth in the definition of Sweep to Loan

Arrangement.

“Sweep to Loan Arrangement”

 means a cash management arrangement established by the

Borrower with the Swingline Lender or an Affiliate of the Swingline Lender, as depositary (in

such capacity, the

“Sweep Depositary”

), pursuant to which the Swingline Lender is authorized

(a) to make advances of Swingline Loans hereunder, the proceeds of which are deposited by the

Swing Lender into a designated account of the Borrower maintained at the Sweep Depositary, and

(b) to accept as prepayments of the Swingline Loans hereunder proceeds of excess targeted

balances held in such designated account at the Sweep Depositary, which cash management

arrangement is subject to such agreement(s) and on such terms acceptable to the Sweep Depositary

and the Swing Lender.

“Swingline”

means the credit facility for making one or more Swingline Loans described

in Section 2.2. 

“Swingline Lender”

 means BMO Harris Bank N.A., in its capacity as the Lender of

Swingline Loans hereunder, or any successor Lender acting in such capacity appointed pursuant

to Section 13.2.

“Swingline Lender’s Quoted Rate”

 is defined in Section 2.2(b). 

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“Swingline Sublimit”

 means $15,000,000, as reduced pursuant to the terms hereof.

“Swingline Loan”

and

“Swingline Loans”

 each is defined in Section 2.2(b).

“Swing Note”

 is defined in Section 2.10.

“Tangible Net Worth

” means total shareholder’s equity that would appear on the balance

sheet of the Borrower and its Subsidiaries minus the sum of (a) all assets which would be classified

as intangible assets under GAAP, including, without limitation, goodwill, patents, trademarks,

trade names, copyrights, franchises and deferred charges (including, without limitation,

unamortized debt discount and expense, organization costs and deferred research and development

expense) and similar assets, and (b) the write up of assets above cost (other than marketable

securities); provided, however, that intangible assets shall not include prepaid expenses (including,

without limitation, prepaid insurance, software licenses and support agreements, consulting

contracts and prepaid financing fees) carried on the consolidated balance sheet, in each case

determined on a consolidated basis in accordance with GAAP.

“Taxes”

 means all present or future taxes, levies, imposts, duties, deductions, withholdings

(including backup withholding), assessments, fees or other charges imposed by any Governmental

Authority, including any interest, additions to tax or penalties applicable thereto.

“Total Capitalization”

 means, at any time the same is to be determined, the sum of (a)

Total Funded Debt and (b) Net Worth.

“Total Credit Exposure”

means, as to any Lender at any time, the unused Commitments,

Revolving Credit Exposure, and Incremental Term Loans (if any) of such Lender at such time.

“Total Funded Debt”

 means, at any time the same is to be determined, the sum (but without

duplication) of (a) all Indebtedness of the Borrower and its Subsidiaries at such time described in

clauses (a) through (f), both inclusive, of the definition thereof, and (b) all Indebtedness of any

other Person which is directly or indirectly Guaranteed by the Borrower or any of its Subsidiaries

or which the Borrower or any of its Subsidiaries has agreed (contingently or otherwise) to purchase

or otherwise acquire or in respect of which the Borrower or any of its Subsidiaries has otherwise

assured a creditor against loss.

“Total Funded Debt to Capitalization Ratio”

 means, as of the last day of any fiscal quarter

of the Borrower, the ratio of (a) Total Funded Debt of the Borrower and its Subsidiaries as of the

last day of such fiscal quarter to (b) Total Capitalization of the Borrower and its Subsidiaries as of

the last day of such fiscal quarter.

“Unfunded Vested Liabilities”

means, for any Plan at any time, the amount (if any) by

which the present value of all vested nonforfeitable accrued benefits under such Plan exceeds the

fair market value of all Plan assets allocable to such benefits, all determined as of the then most

recent valuation date for such Plan, but only to the extent that such excess represents a potential

liability of a member of the Controlled Group to the PBGC or the Plan under Title IV of ERISA.

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“U.S. Dollars”

 and

“$”

 each means the lawful currency of the United States of America.

“U.S. Person”

means any Person that is a “United States Person” as defined in

Section 7701(a)(30) of the Code.

“U.S. Tax Compliance Certificate”

has the meaning assigned to such term in subsection (f)

of Section 4.1.

“Voting Stock”

 of any Person means capital stock or other equity interests of any class or

classes (however designated) having ordinary power to vote as prescribed for such class of capital

stock or equity interest for the election of directors or other similar governing body of such Person,

other than stock or other equity interests having such power only by reason of the happening of a

contingency.

“Welfare Plan”

 means a “welfare plan” as defined in Section 3(1) of ERISA.

“Wholly-owned Subsidiary”

 means a Subsidiary of which all of the issued and outstanding

shares of capital stock (other than directors’ qualifying shares as required by law) or other equity

interests are owned by the Borrower and/or one or more Wholly-owned Subsidiaries within the

meaning of this definition.

“Withholding Agent”

 means any Loan Party and the Administrative Agent.

“Write-Down and Conversion Powers”

 means, with respect to any EEA Resolution

Authority, the write-down and conversion powers of such EEA Resolution Authority from time to

time under the Bail-In Legislation for the applicable EEA Member Country, which write-down

and conversion powers are described in the EU Bail-In Legislation Schedule.

Section 1.2.

Interpretation.

 The foregoing definitions are equally applicable to both the

singular and plural forms of the terms defined. Whenever the context may require, any pronoun

shall include the corresponding masculine, feminine and neuter forms. The words “include,”

“includes” and “including” shall be deemed to be followed by the phrase “without limitation.” 

The word “will” shall be construed to have the same meaning and effect as the word “shall.” 

Unless the context requires otherwise (a) any definition of or reference to any agreement,

instrument or other document herein shall be construed as referring to such agreement, instrument

or other document as from time to time amended, supplemented or otherwise modified (subject to

any restrictions on such amendments, supplements or modifications set forth herein), (b) any

reference herein to any Person shall be construed to include such Person’s successors and assigns,

(c) the words “herein,” “hereof” and “hereunder,” and words of similar import, shall be construed

to refer to this Agreement in its entirety and not to any particular provision hereof, (d) all references

herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and

Sections of, and Exhibits and Schedules to, this Agreement, (e) any reference to any law or

regulation herein shall, unless otherwise specified, refer to such law or regulation as amended,

modified or supplemented from time to time, and (f) the words “asset” and “property” shall be

construed to have the same meaning and effect and to refer to any and all tangible and intangible

assets and properties, including cash, securities, accounts and contract rights. All references to

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time of day herein are references to Chicago, Illinois, time unless otherwise specifically provided. 

Where the character or amount of any asset or liability or item of income or expense is required to

be determined or any consolidation or other accounting computation is required to be made for the

purposes of this Agreement, it shall be done in accordance with GAAP, except where there is

variation from GAAP as currently reflected under the current financial statements as consistently

applied and except where such principles are inconsistent with the specific provisions of this

Agreement. 

Section 1.3. Change in Accounting Principles

. If, after the date of this Agreement, there

shall occur any change in GAAP from those used in the preparation of the financial statements

referred to in Section 6.5 and such change shall result in a change in the method of calculation of

any financial covenant, standard or term found in this Agreement, either the Borrower or the

Required Lenders may by notice to the Lenders and the Borrower, respectively, require that the

Lenders and the Borrower negotiate in good faith to amend such covenants, standards, and terms

so as equitably to reflect such change in accounting principles, with the desired result being that

the criteria for evaluating the financial condition of the Borrower and its Subsidiaries shall be the

same as if such change had not been made. No delay by the Borrower or the Required Lenders in

requiring such negotiation shall limit their right to so require such a negotiation at any time after

such a change in accounting principles. Until any such covenant, standard, or term is amended in

accordance with this Section, financial covenants shall be computed and determined in accordance

with GAAP in effect prior to such change in accounting principles. Without limiting the generality

of the foregoing, the Borrower shall neither be deemed to be in compliance with any financial

covenant hereunder nor out of compliance with any financial covenant hereunder if such state of

compliance or noncompliance, as the case may be, would not exist but for the occurrence of a

change in accounting principles after the date hereof.

 Section 1.4. Divisions

. For all purposes under the Loan Documents, in connection with

any division or plan of division under Delaware law (or any comparable event under a different

jurisdiction’s laws): (a) if any asset, right, obligation or liability of any Person becomes the asset,

right, obligation or liability of a different Person, then it shall be deemed to have been transferred

from the original Person to the subsequent Person, and (b) if any new Person comes into existence,

such new Person shall be deemed to have been organized on the first date of its existence by the

holders of its equity interests at such time.

S

ECTION

 2. T

HE

R

EVOLVING

F

ACILITY

Section 2.1. Revolving Facility. 

Subject to the terms and conditions hereof, each Lender,

by its acceptance hereof, severally agrees to make a loan or loans (individually a

“Revolving Loan”

and collectively for all the Lenders the

“Revolving Loans”

) in U.S. Dollars to the Borrower from

time to time on a revolving basis up to the amount of such Lender’s Revolving Credit

Commitment, subject to any reductions thereof pursuant to the terms hereof, before the Revolving

Credit Termination Date. The sum of the aggregate principal amount of Revolving Loans,

Swingline Loans, and L/C Obligations at any time outstanding shall not exceed the Revolving

Credit Commitments in effect at such time. Each Borrowing of Revolving Loans shall be made

ratably by the Lenders in proportion to their respective Revolver Percentages. As provided in

Section 2.6(a), the Borrower may elect that each Borrowing of Revolving Loans be either Base

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Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and the principal amount thereof

reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions

hereof.

Section 2.2

Swingline Loans.

 (a)

Generally

. Subject to the terms and conditions hereof,

as part of the Revolving Facility, the Swingline Lender may, in its sole discretion, make loans in

U.S. Dollars to the Borrower under the Swingline (individually a

“Swingline Loan”

 and

collectively the

“Swingline Loans”

) which shall not in the aggregate at any time outstanding

exceed the Swingline Sublimit. Swingline Loans may be availed of from time to time and

borrowings thereunder may be repaid and used again during the period ending on the Revolving

Credit Termination Date. Each Swingline Loan shall be in a minimum amount of $150,000 or

such greater amount which is an integral multiple of $100,000. Each Swingline Loan shall bear

interest until maturity (whether by acceleration or otherwise) at a rate per annum equal to (x) the

rate per annum for Base Rate Loans under the Revolving Facility as from time to time in effect or

(y) the Swingline Lender’s Quoted Rate (computed on the basis of a year of 360 days for the actual

number of days elapsed). Interest on each Swingline Loan shall be due and payable by the

Borrower on each Interest Payment Date and at maturity (whether by acceleration or otherwise).

 (b)

 Requests for Swingline Loans

. The Borrower shall give the Administrative Agent

prior notice (which may be written or oral) no later than 12:00 Noon (Chicago time) on the date

upon which the Borrower requests that any Swingline Loan be made, of the amount and date of

such Swingline Loan, and, if applicable, the Interest Period requested therefor. The Administrative

Agent shall promptly advise the Swingline Lender of any such notice received from the Borrower. 

Thereafter, the Swingline Lender shall notify the Administrative Agent (who shall thereafter

promptly notify the Borrower) whether or not it has elected to make such Swingline Loan. If the

Swingline Lender agrees to make such Swingline Loan, it may in its discretion quote an interest

rate to the Borrower at which the Swingline Lender would be willing to make such Swingline Loan

available to the Borrower for the Interest Period so requested (the rate so quoted for a given Interest

Period being herein referred to as

“Swingline Lender’s Quoted Rate”

). The Borrower

acknowledges and agrees that the interest rate quote is given for immediate and irrevocable

acceptance. If the Borrower does not so immediately accept the Swingline Lender’s Quoted Rate

for the full amount requested by the Borrower for such Swingline Loan, the Swingline Lender’s

Quoted Rate shall be deemed immediately withdrawn. If the Swingline Lender’s Quoted Rate is

not accepted or otherwise does not apply, such Swingline Loan shall bear interest at the rate per

annum for Base Rate Loans under the Revolving Facility as from time to time in effect. Subject

to the terms and conditions hereof, the proceeds of each Swingline Loan extended to the Borrower

shall be deposited or otherwise wire transferred to the Borrower’s Designated Disbursement

Account or as the Borrower, the Administrative Agent, and the Swingline Lender may otherwise

agree. Anything contained in the foregoing to the contrary notwithstanding, the undertaking of

the Swingline Lender to make Swingline Loans shall be subject to all of the terms and conditions

of this Agreement (provided that the Swingline Lender shall be entitled to assume that the

conditions precedent to an advance of any Swingline Loan have been satisfied unless notified to

the contrary by the Administrative Agent or the Required Lenders). 

 (c)

Refunding Swingline Loans

. In its sole and absolute discretion, the Swingline Lender

may at any time, on behalf of the Borrower (which hereby irrevocably authorizes the Swingline

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Lender to act on its behalf for such purpose) and with notice to the Borrower and the

Administrative Agent, request each Lender to make a Revolving Loan in the form of a Base Rate

Loan in an amount equal to such Lender’s Revolver Percentage of the amount of the Swingline

Loans outstanding on the date such notice is given (which Loans shall thereafter bear interest as

provided for in Section 2.4(a)). Unless an Event of Default described in Section 9.1(j) or 9.1(k)

exists with respect to the Borrower, regardless of the existence of any other Event of Default, each

Lender shall make the proceeds of its requested Revolving Loan available to the Administrative

Agent for the account of the Swingline Lender), in immediately available funds, at the

Administrative Agent’s office in Chicago, Illinois (or such other location designated by the

Administrative Agent), before 12:00 Noon (Chicago time) on the Business Day following the day

such notice is given. The Administrative Agent shall promptly remit the proceeds of such

Borrowing to the Swingline Lender to repay the outstanding Swingline Loans.

 (d)

Participation in Swingline Loans. 

If any Lender refuses or otherwise fails to make a

Revolving Loan when requested by the Swingline Lender pursuant to Section 2.2(b) above

(because an Event of Default described in Section 9.1(j) or 9.1(k)

exists with respect to the

Borrower or otherwise), such Lender will, by the time and in the manner such Revolving Loan

was to have been funded to the Swingline Lender, purchase from the Swingline Lender an

undivided participating interest in the outstanding Swingline Loans in an amount equal to its

Revolver Percentage of the aggregate principal amount of Swingline Loans that were to have been

repaid with such Revolving Loans. From and after the date of any such purchase, the parties hereto

hereby acknowledge and agree that such Swingline Loans shall thereafter bear interest at the rate

for such Swingline Loan as determined in accordance with Section 2.2(b) hereof. Each Lender

that so purchases a participation in a Swingline Loan shall thereafter be entitled to receive its

Revolver Percentage of each payment of principal received on the Swingline Loan and of interest

received thereon accruing from the date such Lender funded to the Swingline Lender its

participation in such Loan. The several obligations of the Lenders under this Section shall be

absolute, irrevocable, and unconditional under any and all circumstances whatsoever and shall not

be subject to any set-off, counterclaim or defense to payment which any Lender may have or have

had against the Borrower, any other Lender, or any other Person whatsoever. Without limiting the

generality of the foregoing, such obligations shall not be affected by any Default or by any

reduction or termination of the Commitments of any Lender, and each payment made by a Lender

under this Section shall be made without any offset, abatement, withholding, or reduction

whatsoever.

 (e)

Sweep to Loan Arrangement

. So long as a Sweep to Loan Arrangement is in effect,

and subject to the terms and conditions thereof, Swingline Loans may be advanced and prepaid

hereunder notwithstanding any notice, minimum amount, or funding and payment location

requirements hereunder for any advance of Swingline Loans or for any prepayment of any

Swingline Loans. The making of any such Swingline Loans shall otherwise be subject to the other

terms and conditions of this Agreement. The Swingline Lender shall have the right in its sole

discretion to suspend or terminate the making and/or prepayment of Swingline Loans pursuant to

such Sweep to Loan Arrangement with notice to the Sweep Depositary and the Borrower (which

may be provided on a same-day basis), whether or not any Default exists. The Swingline Lender

shall not be liable to the Borrower or any other Person for any losses directly or indirectly resulting

from events beyond the Swingline Lender’s reasonable control, including without limitation any

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interruption of communications or data processing services or legal restriction or for any special,

indirect, consequential or punitive damages in connection with any Sweep to Loan Arrangement.

Section 2.3. Letters of Credit.

 (a)

General Terms.

 Subject to the terms and conditions hereof, as part of the Revolving

Facility, the L/C Issuer shall issue standby and commercial letters of credit (each a

“Letter of

Credit”

) for the account of the Borrower

or for the account of the Borrower and one or more of its

Subsidiaries

in an aggregate undrawn face amount up to the L/C Sublimit. Each Letter of Credit

shall be issued by the L/C Issuer, but each Lender shall be obligated to reimburse the L/C Issuer

for such Lender’s Revolver Percentage of the amount of each drawing thereunder and, accordingly,

Letters of Credit shall constitute usage of the Revolving Credit Commitment of each Lender pro

rata in an amount equal to its Revolver Percentage of the L/C Obligations then outstanding.

 (b)

Applications.

 At any time before the Revolving Credit Termination Date, the

L/C Issuer shall, at the request of the Borrower, issue one or more Letters of Credit

in U.S. Dollars,

in a form satisfactory to the L/C Issuer, with expiration dates no later than the earlier of 12 months

from the date of issuance (or which are cancelable not later than 12 months from the date of

issuance and each renewal) or thirty (30) days prior to the Revolving Credit Termination Date, in

an aggregate face amount as set forth above, upon the receipt of an application duly executed by

the Borrower and, if such Letter of Credit is for the account of one of its Subsidiaries, such

Subsidiary

for the relevant Letter of Credit in the form then customarily prescribed by the

L/C Issuer for the Letter of Credit requested (each an

“Application”

). The Borrower agrees that

if on the Revolving Credit Termination Date any Letters of Credit remain outstanding the

Borrower shall then deliver to the Administrative Agent, without notice or demand, Cash

Collateral in an amount equal to 105% of the aggregate amount of each Letter of Credit then

outstanding (which shall be held by the Administrative Agent pursuant to the terms of Section 9.4). 

Notwithstanding anything contained in any Application to the contrary: (i) the Borrower shall pay

fees in connection with each Letter of Credit as set forth in Section 3.1, (ii) except as otherwise

provided herein or in Sections 2.8, 2.13 or 2.14, unless an Event of Default exists, the L/C Issuer

will not call for the funding by the Borrower of any amount under a Letter of Credit before being

presented with a drawing thereunder, and (iii) if the L/C Issuer is not timely reimbursed for the

amount of any drawing under a Letter of Credit on the date such drawing is paid, except as

otherwise provided for in Section 2.6(c), the Borrower’s obligation to reimburse the L/C Issuer for

the amount of such drawing shall bear interest (which the Borrower hereby promises to pay) from

and after the date such drawing is paid at a rate per annum equal to the sum of the Applicable

Margin plus the Base Rate from time to time in effect (computed on the basis of a year of 365 or

366 days, as the case may be, and the actual number of days elapsed). If the L/C Issuer issues any

Letter of Credit with an expiration date that is automatically extended unless the L/C Issuer gives

notice that the expiration date will not so extend beyond its then scheduled expiration date, unless

the Administrative Agent or the Required Lenders instruct the L/C Issuer otherwise, the L/C Issuer

will give such notice of non-renewal before the time necessary to prevent such automatic extension

if before such required notice date: (i) the expiration date of such Letter of Credit if so extended

would be after the Revolving Credit Termination Date, (ii) the Revolving Credit Commitments

have been terminated, or (iii) an Event of Default exists and either the Administrative Agent or the

Required Lenders (with notice to the Administrative Agent) have given the L/C Issuer instructions

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not to so permit the extension of the expiration date of such Letter of Credit. The L/C Issuer agrees

to issue amendments to the Letter(s) of Credit increasing the amount, or extending the expiration

date, thereof at the request of the Borrower subject to the conditions of Section 7 and the other

terms of this Section. 

 (c)

The Reimbursement Obligations.

 Subject to Section 2.3(b), the obligation of the

Borrower to reimburse the L/C Issuer for all drawings under a Letter of Credit (a

“Reimbursement

Obligation”

) shall be governed by the Application related to such Letter of Credit, except that

reimbursement shall be made (i) by no later than 2:00 p.m. (Chicago time) on the date when each

drawing is to be paid if the Borrower has been informed of such drawing by the L/C Issuer on or

before 10:00 a.m. (Chicago time) on the date when such drawing is to be paid and the Borrower

has notified the Administrative Agent by 1:00 p.m. (Chicago time) on such date that the Borrower

will reimburse the L/C Issuer on the date each such drawing is to be paid, or (ii) if notice of such

drawing is given to the Borrower after 10:00 a.m. (Chicago time) on the date when such drawing

is to be paid or if the Borrower fails to notify the Administrative Agent by 1:00 p.m. (Chicago

time) on such date that the Borrower will reimburse the L/C Issuer on the date each such drawing

is to be paid, by no later than 12:00 Noon (Chicago time) on the following Business Day, in each

case, in immediately available funds at the Administrative Agent’s principal office in Chicago,

Illinois, or such other office as the Administrative Agent may designate in writing to the Borrower

(who shall thereafter cause to be distributed to the L/C Issuer such amount(s) in like funds). If the

Borrower does not make any such reimbursement payment on the date due and the Participating

Lenders fund their participations therein in the manner set forth in Section 2.3(e) below, then all

payments thereafter received by the Administrative Agent in discharge of any of the relevant

Reimbursement Obligations shall be distributed in accordance with Section 2.3(e) below. 

 (d)

Obligations Absolute.

 The Borrower’s obligation to reimburse L/C Obligations shall

be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the

terms of this Agreement and the relevant Application under any and all circumstances whatsoever

and irrespective of (i) any lack of validity or enforceability of any Letter of Credit or this

Agreement, or any term or provision therein, (ii) any draft or other document presented under a

Letter of Credit proving to be forged, fraudulent or invalid in any respect or any statement therein

being untrue or inaccurate in any respect, (iii) payment by the L/C Issuer under a Letter of Credit

against presentation of a draft or other document that does not strictly comply with the terms of

such Letter of Credit, or (iv) any other event or circumstance whatsoever, whether or not similar

to any of the foregoing, that might, but for the provisions of this Section, constitute a legal or

equitable discharge of, or provide a right of setoff against, the Borrower’s obligations hereunder.

None of the Administrative Agent, the Lenders, or the L/C Issuer shall have any liability or

responsibility by reason of or in connection with the issuance or transfer of any Letter of Credit or

any payment or failure to make any payment thereunder (irrespective of any of the circumstances

referred to in the preceding sentence), or any error, omission, interruption, loss or delay in

transmission or delivery of any draft, notice or other communication under or relating to any Letter

of Credit (including any document required to make a drawing thereunder), any error in

interpretation of technical terms or any consequence arising from causes beyond the control of the

L/C Issuer;

provided

 that the foregoing shall not be construed to excuse the L/C Issuer from

liability to the Borrower to the extent of any direct damages (as opposed to consequential damages,

claims in respect of which are hereby waived by the Borrower and each other Loan Party to the

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extent permitted by applicable law) suffered by the Borrower or any Loan Party that are caused by

the L/C Issuer’s failure to exercise care when determining whether drafts and other documents

presented under a Letter of Credit comply with the terms thereof. The parties hereto expressly

agree that, in the absence of gross negligence or willful misconduct on the part of the L/C Issuer

(as determined by a court of competent jurisdiction by final and nonappealable judgment), the

L/C Issuer shall be deemed to have exercised care in each such determination. In furtherance of

the foregoing and without limiting the generality thereof, the parties agree that, with respect to

documents presented which appear on their face to be in substantial compliance with the terms of

a Letter of Credit, the L/C Issuer may, in its reasonable discretion, either accept and make payment

upon such documents without responsibility for further investigation, or refuse to accept and make

payment upon such documents if such documents are not in strict compliance with the terms of

such Letter of Credit. 

 (e)

The Participating Interests.

 Each Lender (other than the Lender acting as L/C Issuer

in issuing the relevant Letter of Credit), by its acceptance hereof, severally agrees to purchase from

the L/C Issuer, and the L/C Issuer hereby agrees to sell to each such Lender (a

“Participating

Lender”

), an undivided percentage participating interest (a

“Participating Interest”)

, to the extent

of its Revolver Percentage, in each Letter of Credit issued by, and each Reimbursement Obligation

owed to, the L/C Issuer. Upon any failure by the Borrower to pay any Reimbursement Obligation

at the time required on the date the related drawing is to be paid, as set forth in Section 2.3(c)

above, or if the L/C Issuer is required at any time to return to the Borrower or to a trustee, receiver,

liquidator, custodian or other Person any portion of any payment of any Reimbursement

Obligation, each Participating Lender shall, not later than the Business Day it receives a certificate

in the form of Exhibit A hereto from the L/C Issuer (with a copy to the Administrative Agent) to

such effect, if such certificate is received before 1:00 p.m. (Chicago time), or not later than

1:00 p.m. (Chicago time) the following Business Day, if such certificate is received after such

time, pay to the Administrative Agent for the account of the L/C Issuer an amount equal to such

Participating Lender’s Revolver Percentage of such unpaid or recaptured Reimbursement

Obligation together with interest on such amount accrued from the date the related payment was

made by the L/C Issuer to the date of such payment by such Participating Lender at a rate per

annum equal to: (i) from the date the related payment was made by the L/C Issuer to the date two

(2) Business Days after payment by such Participating Lender is due hereunder, at the greater of

the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with

banking industry rules on interbank compensation for each such day and (ii) from the date two

(2) Business Days after the date such payment is due from such Participating Lender to the date

such payment is made by such Participating Lender, the Base Rate in effect for each such day. 

Each such Participating Lender shall thereafter be entitled to receive its Revolver Percentage of

each payment received in respect of the relevant Reimbursement Obligation and of interest paid

thereon, with the L/C Issuer retaining its Revolver Percentage thereof as a Lender hereunder. The

several obligations of the Participating Lenders to the L/C Issuer under this Section shall be

absolute, irrevocable, and unconditional under any and all circumstances whatsoever and shall not

be subject to any set-off, counterclaim or defense to payment which any Participating Lender may

have or have had against the Borrower, the L/C Issuer, the Administrative Agent, any Lender or

any other Person whatsoever. Without limiting the generality of the foregoing, such obligations

shall not be affected by any Default or by any reduction or termination of any Commitment of any

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Lender, and each payment by a Participating Lender under this Section shall be made without any

offset, abatement, withholding or reduction whatsoever. 

 (f)

Indemnification.

 The Participating Lenders shall, to the extent of their respective

Revolver Percentages, indemnify the L/C Issuer (to the extent not reimbursed by the Borrower)

against any cost, expense (including reasonable counsel fees and disbursements), claim, demand,

action, loss or liability (except such as result from such L/C Issuer’s gross negligence or willful

misconduct as determined by a court of competent jurisdiction by final and nonappealable

judgment) that the L/C Issuer may suffer or incur in connection with any Letter of Credit issued

by it. The obligations of the Participating Lenders under this subsection (f) and all other parts of

this Section shall survive termination of this Agreement and of all Applications, Letters of Credit,

and all drafts and other documents presented in connection with drawings thereunder.

 (g)

Manner of Requesting a Letter of Credit.

 The Borrower shall provide at least five

(5) Business Days’ advance written notice to the Administrative Agent of each request for the

issuance of a Letter of Credit, such notice in each case to be accompanied by an Application for

such Letter of Credit properly completed and executed by the Borrower and, in the case of an

extension or amendment or an increase in the amount of a Letter of Credit, a written request

therefor, in a form acceptable to the Administrative Agent and the L/C Issuer, in each case,

together with the fees called for by this Agreement. The Administrative Agent shall promptly

notify the L/C Issuer of the Administrative Agent’s receipt of each such notice (and

the L/C Issuer

shall be entitled to assume that the conditions precedent to any such issuance, extension,

amendment or increase have been satisfied unless notified to the contrary by the Administrative

Agent or the Required Lenders) and the L/C Issuer shall promptly notify the Administrative Agent

and the Lenders of the issuance of the Letter of Credit so requested. 

 (h)

Replacement of the L/C Issuer

. The L/C Issuer may be replaced at any time by written

agreement among the Borrower, the Administrative Agent, the replaced L/C Issuer, and the

successor L/C Issuer. The Administrative Agent shall notify the Lenders of any such replacement

of the L/C Issuer. At the time any such replacement shall become effective, the Borrower shall

pay all unpaid fees accrued for the account of the replaced L/C Issuer. From and after the effective

date of any such replacement (i) the successor L/C Issuer shall have all the rights and obligations

of the L/C Issuer under this Agreement with respect to Letters of Credit to be issued thereafter and

(ii) references herein to the term “L/C Issuer” shall be deemed to refer to such successor or to any

previous L/C Issuer, or to such successor and all previous L/C Issuers, as the context shall require. 

After the replacement of a L/C Issuer hereunder, the replaced L/C Issuer shall remain a party

hereto and shall continue to have all the rights and obligations of a L/C Issuer under this Agreement

with respect to Letters of Credit issued by it prior to such replacement, but shall not be required to

issue additional Letters of Credit.

Section 2.4. Applicable Interest Rates.

 (a)

Base Rate Loans.

 Each Base Rate Loan made or maintained by a Lender shall bear

interest (computed on the basis of a year of 365 or 366 days, as the case may be (360 days, in the

case of clause (c) of the definition of Base Rate relating to the LIBOR Quoted Rate), and the actual

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days elapsed on the unpaid principal amount thereof from the date such Loan is advanced, or

created by conversion from a Eurodollar Loan, until maturity (whether by acceleration or

otherwise) at a rate per annum equal to the sum of the Applicable Margin plus the Base Rate from

time to time in effect, payable by the Borrower on each Interest Payment Date and at maturity

(whether by acceleration or otherwise).

 (b)

Eurodollar Loans.

 Each Eurodollar Loan made or maintained by a Lender shall bear

interest during each Interest Period it is outstanding (computed on the basis of a year of 360 days

and actual days elapsed) on the unpaid principal amount thereof from the date such Loan is

advanced or continued, or created by conversion from a Base Rate Loan, until maturity (whether

by acceleration or otherwise) at a rate per annum equal to the sum of the Applicable Margin plus

the Adjusted LIBOR applicable for such Interest Period, payable by the Borrower on each Interest

Payment Date and at maturity (whether by acceleration or otherwise). 

 (c)

Rate Determinations.

 The Administrative Agent shall determine each interest rate

applicable to the Loans and the Reimbursement Obligations hereunder, and its determination

thereof shall be conclusive and binding except in the case of manifest error. 

Section 2.5. Minimum Borrowing Amounts; Maximum Eurodollar Loans

. Each

Borrowing of Base Rate Loans advanced under a Facility shall be in an amount not less than

$100,000. Each Borrowing of Eurodollar Loans advanced, continued or converted under a Facility

shall be in an amount equal to $1,000,000 or such greater amount which is an integral multiple of

$500,000. Without the Administrative Agent’s consent, there shall not be more than ten (10)

Borrowings of Eurodollar Loans outstanding hereunder at any one time. 

Section 2.6. Manner of Borrowing Loans and Designating Applicable Interest Rates.

 (a)

Notice to the Administrative Agent.

 The Borrower shall give notice to the

Administrative

Agent by no later than 12:00 noon (Chicago time): (i) at least three (3) Business

Days before the date on which the Borrower requests the Lenders to advance a Borrowing of

Eurodollar Loans and (ii) on the date the Borrower requests the Lenders to advance a Borrowing

of Base Rate Loans. The Loans included in each Borrowing shall bear interest initially at the type

of rate specified in such notice of a new Borrowing. Thereafter, subject to the terms and conditions

hereof, the Borrower may from time to time elect to change or continue the type of interest rate

borne by each Borrowing or, subject to the minimum amount requirement for each outstanding

Borrowing set forth in Section 2.5, a portion thereof, as follows: (i) if such Borrowing is of

Eurodollar Loans, on the last day of the Interest Period applicable thereto, the Borrower may

continue part or all of such Borrowing as Eurodollar Loans or convert part or all of such Borrowing

into Base Rate Loans or (ii) if such Borrowing is of Base Rate Loans, on any Business Day, the

Borrower may convert all or part of such Borrowing into Eurodollar Loans for an Interest Period

or Interest Periods specified by the Borrower. The Borrower shall give all such notices requesting

the advance, continuation or conversion of a Borrowing to the Administrative

Agent by telephone,

telecopy, or other telecommunication device acceptable to the Administrative Agent (which notice

shall be irrevocable once given and, if by telephone, shall be promptly confirmed in writing in a

manner acceptable to the Administrative Agent), substantially in the form attached hereto as

Exhibit B (Notice of Borrowing) or Exhibit C (Notice of Continuation/Conversion), as applicable,

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or in such other form acceptable to the Administrative

Agent. Notice of the continuation of a

Borrowing of Eurodollar Loans for an additional Interest Period or of the conversion of part or all

of a Borrowing of Base Rate Loans into Eurodollar Loans must be given by no later than

12:00 noon (Chicago time) at least three (3) Business Days before the date of the requested

continuation or conversion. All such notices concerning the advance, continuation or conversion

of a Borrowing shall specify the date of the requested advance, continuation or conversion of a

Borrowing (which shall be a Business Day), the amount of the requested Borrowing to be

advanced, continued or converted, the type of Loans to comprise such new, continued or converted

Borrowing and, if such Borrowing is to be comprised of Eurodollar Loans, the Interest Period

applicable thereto. Upon notice to the Borrower by the Administrative Agent or the Required

Lenders (or, in the case of an Event of Default under Section 9.1(j) or 9.1(k) with respect to the

Borrower, without notice), no Borrowing of Eurodollar Loans shall be advanced, continued, or

created by conversion if any Default then exists. The Borrower agrees that the Administrative

Agent may rely on any such telephonic, telecopy or other telecommunication notice given by any

person the Administrative Agent in good faith believes is an Authorized Representative without

the necessity of independent investigation, and in the event any such notice by telephone conflicts

with any written confirmation such telephonic notice shall govern if the Administrative Agent has

acted in reliance thereon.

 (b)

Notice to the Lenders

. The Administrative Agent shall give prompt telephonic,

telecopy or other telecommunication notice to each Lender of any notice from the Borrower

received pursuant to Section 2.6(a) above and, if such notice requests the Lenders to make

Eurodollar Loans, the Administrative Agent shall give notice to the Borrower and each Lender by

like means of the interest rate applicable thereto promptly after the Administrative Agent has made

such determination.

 (c)

Borrower’s Failure to Notify. 

If the Borrower fails to give notice pursuant to

Section 2.6(a) above of the continuation or conversion of any outstanding principal amount of a

Borrowing of Eurodollar Loans before the last day of its then current Interest Period within the

period required by Section 2.6(a) and such Borrowing is not prepaid in accordance with

Section 2.8(a), such Borrowing shall automatically be converted into a Borrowing of Base Rate

Loans. In the event the Borrower fails to give notice pursuant to Section 2.6(a) above of a

Borrowing equal to the amount of a Reimbursement Obligation and has not notified the

Administrative Agent by 12:00 noon (Chicago time) on the day such Reimbursement Obligation

becomes due that it intends to repay such Reimbursement Obligation through funds not borrowed

under this Agreement, the Borrower shall be deemed to have requested a Borrowing of Base Rate

Loans under the Revolving Facility (or, at the option of the Swingline Lender, under the Swingline)

on such day in the amount of the Reimbursement Obligation then due, which Borrowing shall be

applied to pay the Reimbursement Obligation then due.

 (d)

Disbursement of Loans

. Not later than 2:00 p.m. (Chicago time) on the date of any

requested advance of a new Borrowing, subject to Section 7, each Lender shall make available its

Loan comprising part of such Borrowing in funds immediately available at the principal office of

the Administrative Agent in Chicago, Illinois (or at such other location as the Administrative Agent

shall designate). The Administrative Agent shall make the proceeds of each new Borrowing

available to the Borrower at the Administrative Agent’s principal office in Chicago, Illinois (or at

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such other location as the Administrative Agent shall designate), by depositing or wire transferring

such proceeds to the credit of the Borrower’s Designated Disbursement Account or as the

Borrower and the Administrative Agent may otherwise agree.

 (e)

Administrative Agent Reliance on Lender Funding.

 Unless the Administrative Agent

shall have been notified by a Lender prior to (or, in the case of a Borrowing of Base Rate Loans,

by 1:00 p.m. (Chicago time) on) the date on which such Lender is scheduled to make payment to

the Administrative Agent of the proceeds of a Loan (which notice shall be effective upon receipt)

that such Lender does not intend to make such payment, the Administrative Agent may assume

that such Lender has made such payment when due and the Administrative Agent may in reliance

upon such assumption (but shall not be required to) make available to the Borrower the proceeds

of the Loan to be made by such Lender and, if any Lender has not in fact made such payment to

the Administrative Agent, such Lender shall, on demand, pay to the Administrative Agent the

amount made available to the Borrower attributable to such Lender together with interest thereon

in respect of each day during the period commencing on the date such amount was made available

to the Borrower and ending on (but excluding) the date such Lender pays such amount to the

Administrative Agent at a rate per annum equal to: (i) from the date the related advance was made

by the Administrative Agent to the date two (2) Business Days after payment by such Lender is

due hereunder, the greater of the Federal Funds Rate and a rate determined by the Administrative

Agent in accordance with banking industry rules on interbank compensation for each such day and

(ii) from the date two (2) Business Days after the date such payment is due from such Lender to

the date such payment is made by such Lender, the Base Rate in effect for each such day. If such

amount is not received from such Lender by the Administrative Agent immediately upon demand,

the Borrower will, on demand, repay to the Administrative Agent the proceeds of the Loan

attributable to such Lender with interest thereon at a rate per annum equal to the interest rate

applicable to the relevant Loan, but without such payment being considered a payment or

prepayment of a Loan under Section 4.5 so that the Borrower will have no liability under such

Section with respect to such payment. Any payment by the Borrower shall be without prejudice

to any claim the Borrower may have against a Lender that shall have failed to make such payment

to the Administrative Agent.

 Section 2.7. Maturity of Loans

. 

 (a)

Revolving Loans.

 Each Revolving Loan, both for principal and interest not sooner

paid, shall mature and be due and payable by the Borrower on the Revolving Credit Termination

Date. 

 (b)

Swingline Loans

. Each Swingline Loan, both for principal and interest not sooner

paid, shall mature and be due and payable by the Borrower on the Revolving Credit Termination

Date. 

Section 2.8. Prepayment.

(a)

 Optional

. The Borrower may prepay in whole or in part (but, if in part, then: (i) if

such Borrowing is of Base Rate Loans, in an amount not less than $100,000, (ii) if such Borrowing

is of Eurodollar Loans, in an amount not less than $500,000, and (iii) in each case, in an amount

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such that the minimum amount required for a Borrowing pursuant to Sections 2.2(b) and 2.5

remains outstanding) upon not less than three (3) Business Days prior notice by the Borrower to

the Administrative Agent in the case of any prepayment of a Borrowing of Eurodollar Loans and

notice delivered by the Borrower to the Administrative Agent no later than 12:00 noon (Chicago

time) on the date of prepayment in the case of a Borrowing of Base Rate Loans (or, in any case,

such shorter period of time then agreed to by the Administrative Agent), such prepayment to be

made by the payment of the principal amount to be prepaid and, in the case of any Incremental

Term Loans, any Eurodollar Loans or Swingline Loans, accrued interest thereon to the date fixed

for prepayment plus any amounts due the Lenders under Section 4.5. 

 (b)

Mandatory

. (i) The Borrower shall, on each date the Revolving Credit Commitments

are reduced pursuant to Section 2.11, prepay the Swingline Loans, Revolving Loans, and, if

necessary, prefund the L/C Obligations by the amount, if any, necessary to reduce the sum of the

aggregate principal amount of Swingline Loans, Revolving Loans, and L/C Obligations then

outstanding to the amount to which the Revolving Credit Commitments have been so reduced. 

 (ii) If the Borrower or any Subsidiary shall at any time or from time to time make or agree

to make a Disposition (other than a Disposition permitted pursuant to Section 8.10 hereof) or shall

suffer an Event of Loss with respect to any Property, then the Borrower shall promptly notify the

Administrative Agent of such proposed Disposition or Event of Loss (including the amount of the

estimated Net Cash Proceeds to be received by the Borrower or such Subsidiary in respect thereof)

and, promptly upon receipt by the Borrower or such Subsidiary of the Net Cash Proceeds of such

Disposition or Event of Loss, the Borrower shall prepay the Obligations in an aggregate amount

equal to 100% of the amount of all such Net Cash Proceeds;

provided

 that (x) so long as no Default

then exists, this subsection shall not require any such prepayment with respect to Net Cash

Proceeds received on account of an Event of Loss so long as such Net Cash Proceeds are applied

to replace or restore the relevant Property in accordance with the relevant Collateral Documents,

(y) this subsection shall not require any such prepayment with respect to Net Cash Proceeds

received on account of Dispositions during any fiscal year of the Borrower not exceeding

$10,000,000 in the aggregate so long as no Default then exists, and (z) in the case of any

Disposition not covered by clause (y) above, so long as no Default then exists, if the Borrower

states in its notice of such event that the Borrower or the relevant Subsidiary intends to reinvest,

within 180 days of the applicable Disposition, the Net Cash Proceeds thereof in assets similar to

the assets which were subject to such Disposition, then the Borrower shall not be required to make

a mandatory prepayment under this subsection in respect of such Net Cash Proceeds to the extent

such Net Cash Proceeds are actually reinvested in such similar assets with such 180-day period. 

Promptly after the end of such 180-day period, the Borrower shall notify the Administrative Agent

whether the Borrower or such Subsidiary has reinvested such Net Cash Proceeds in such similar

assets, and, to the extent such Net Cash Proceeds have not been so reinvested, the Borrower shall

promptly prepay the Obligations in the amount of such Net Cash Proceeds not so reinvested. The

amount of each such prepayment shall be applied, subject to Section 2.8(b)(v) below, first to the

outstanding Incremental Term Loans, if any, on a ratable basis based on the outstanding principal

amounts thereof, and then to the Revolving Facility, but without a reduction of the Revolving

Credit Commitments. If the Administrative Agent or the Required Lenders so request, all proceeds

of such Disposition or Event of Loss shall be deposited with the Administrative Agent (or its agent)

and held by it in the Collateral Account. So long as no Default exists, the Administrative Agent

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is authorized to disburse amounts representing such proceeds from the Collateral Account to or at

the Borrower’s direction for application to or reimbursement for the costs of replacing, rebuilding

or restoring such Property.

 (iii) If after the Closing Date the Borrower or any Subsidiary shall issue new equity

securities (whether common or preferred stock or otherwise), other than Excluded Equity

Issuances, the Borrower shall promptly notify the Administrative Agent of the estimated Net Cash

Proceeds of such issuance to be received by or for the account of the Borrower or such Subsidiary

in respect thereof. Promptly upon receipt by the Borrower or such Subsidiary of Net Cash

Proceeds of such issuance, the Borrower shall prepay the Obligations in an aggregate amount equal

to 100% of the amount of such Net Cash Proceeds. The amount of each such prepayment shall be

applied, subject to Section 2.8(b)(v) below, first to the outstanding Incremental Term Loans, if

any, on a ratable basis based on the outstanding principal amounts thereof, and then to the

Revolving Facility, but without a reduction of the Revolving Credit Commitments. The Borrower

acknowledges that its performance hereunder shall not limit the rights and remedies of the Lenders

for any breach of Section 8.11 (Maintenance of Subsidiaries) or Section 9.1(i) (Change of Control)

or any other terms of the Loan Documents. 

 (iv) If after the Closing Date the Borrower or any Subsidiary shall issue any Indebtedness,

other than Indebtedness permitted by Section 8.7, the Borrower shall promptly notify the

Administrative Agent of the estimated Net Cash Proceeds of such issuance to be received by or

for the account of the Borrower or such Subsidiary in respect thereof. Promptly upon receipt by

the Borrower or such Subsidiary of Net Cash Proceeds of such issuance, the Borrower shall prepay

the Obligations in an aggregate amount equal to 100% of the amount of such Net Cash Proceeds. 

The amount of each such prepayment shall be applied, subject to Section 2.8(b)(v) below, first to

the outstanding Incremental Term Loans, if any, on a ratable basis based on the outstanding

principal amounts thereof, and then to the Revolving Facility, but without a reduction of the

Revolving Credit Commitments. The Borrower acknowledges that its performance hereunder

shall not limit the rights and remedies of the Lenders for any breach of Section 8.7 or any other

terms of the Loan Documents.

 (v) Unless the Borrower otherwise directs, prepayments of Loans under this

Section 2.8(b) shall be applied first to Borrowings of Base Rate Loans until payment in full thereof

with any balance applied to Borrowings of Eurodollar Loans in the order in which their Interest

Periods expire. Each prepayment of Loans under this Section 2.8(b) shall be made by the payment

of the principal amount to be prepaid and, in the case of any Incremental Term Loans, Eurodollar

Loans or Swingline Loans, accrued interest thereon to the date of prepayment together with any

amounts due the Lenders under Section 4.5. Each prefunding of L/C Obligations shall be made in

accordance with Section 9.4. 

 (c) Any amount of Swingline Loans and Revolving Loans paid or prepaid before the

Revolving Credit Termination Date may, subject to the terms and conditions of this Agreement,

be borrowed, repaid and borrowed again. No amount of the Incremental Term Loans, if any, paid

or prepaid may be reborrowed, and, in the case of any partial prepayment, such prepayment shall

be applied to the remaining payments on all Incremental Term Loans in inverse order of maturity.

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Section 2.9. Default Rate. 

Notwithstanding anything to the contrary contained herein,

while any Event of Default exists or after acceleration, the Borrower shall pay interest (after as

well as before entry of judgment thereon to the extent permitted by law) on the principal amount

of all Loans and Reimbursement Obligations, letter of credit fees and other amounts at a rate per

annum equal to:

 (a) for any Base Rate Loan or any Swingline Loan bearing interest based on

the Base Rate, the sum of 2.0%

plus

the Applicable Margin

plus

the Base Rate from time

to time in effect; 

 (b) for any Eurodollar Loan or any Swingline Loan bearing interest at the

Administrative Agent’s Quoted Rate, the sum of 2.0%

plus

the rate of interest in effect

thereon at the time of such Event of Default until the end of the Interest Period applicable

thereto and, thereafter, at a rate per annum equal to the sum of 2.0%

plus

the Applicable

Margin for Base Rate Loans

plus

the Base Rate from time to time in effect;

 (c) for any Reimbursement Obligation, the sum of 2.0%

plus

the amounts due

under Section 2.3 with respect to such Reimbursement Obligation; 

 (d) for any Letter of Credit, the sum of 2.0%

plus

the L/C Participation Fee due

under Section 3.1(b) with respect to such Letter of Credit; and

 (e) for any other amount owing hereunder not covered by clauses (a) through

(d) above, the sum of 2%

plus

 the Applicable Margin

plus

 the Base Rate from time to time

in effect;

provided, however,

that in the absence of acceleration pursuant to Section 9.2 or 9.3, any

adjustments pursuant to this Section shall be made at the election of the Administrative Agent,

acting at the request or with the consent of the Required Lenders, with written notice to the

Borrower (which election may be retroactively effective to the date of such Event of Default). 

While any Event of Default exists or after acceleration, interest shall be paid on demand of the

Administrative Agent at the request or with the consent of the Required Lenders. 

Section 2.10. Evidence of Indebtedness.

 (a) Each Lender shall maintain in accordance with

its usual practice an account or accounts evidencing the indebtedness of the Borrower to such

Lender resulting from each Loan made by such Lender from time to time, including the amounts

of principal and interest payable and paid to such Lender from time to time hereunder.

 (b) The Administrative Agent shall also maintain accounts in which it will record (i) the

amount of each Loan made hereunder, the type thereof and the Interest Period with respect thereto,

(ii) the amount of any principal or interest due and payable or to become due and payable from the

Borrower to each Lender hereunder and (iii) the amount of any sum received by the Administrative

Agent hereunder from the Borrower and each Lender’s share thereof.

 (c) The entries maintained in the accounts maintained pursuant to subsections (a) and (b)

above shall be

prima facie

 evidence of the existence and amounts of the Obligations therein

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recorded;

provided, however,

that the failure of the Administrative Agent or any Lender to

maintain such accounts or any error therein shall not in any manner affect the obligation of the

Borrower to repay the Obligations in accordance with their terms.

 (d) Any Lender may request that its Loans be evidenced by a promissory note or notes in

the forms of Exhibit D-1 (in the case of its Revolving Loans and referred to herein as a

“Revolving

Note”

), or D-2 (in the case of its Swingline Loans and referred to herein as a

“Swing Note”

), as

applicable (the Revolving Notes and Swing Note being hereinafter referred to collectively as the

“Notes”

 and individually as a

“Note”

). In such event, the Borrower shall prepare, execute and

deliver to such Lender a Note payable to such Lender or its registered assigns in the amount of the

relevant Commitment, or Swingline Sublimit, as applicable. Thereafter, the Loans evidenced by

such Note or Notes and interest thereon shall at all times (including after any assignment pursuant

to Section 13.2) be represented by one or more Notes payable to the order of the payee named

therein or any assignee pursuant to Section 13.2, except to the extent that any such Lender or

assignee subsequently returns any such Note for cancellation and requests that such Loans once

again be evidenced as described in subsections (a) and (b) above.

Section 2.11. Commitment Terminations .

 (a)

Optional Revolving Credit Terminations. 

The Borrower shall have the right at any

time and from time to time, upon five (5) Business Days prior written notice to the Administrative

Agent (or such shorter period of time agreed to by the Administrative Agent), to terminate the

Revolving Credit Commitments without premium or penalty and in whole or in part, any partial

termination to be (i) in an amount not less than $5,000,000 or any whole multiple thereof and

(ii) allocated ratably among the Lenders in proportion to their respective Revolver Percentages,

provided that the Revolving Credit Commitments may not be reduced to an amount less than the

sum of the aggregate principal amount of Swingline Loans, Revolving Loans, and L/C Obligations

then outstanding. Any termination of the Revolving Credit Commitments below the L/C Sublimit

or the Swingline Sublimit then in effect shall reduce the L/C Sublimit and Swingline Sublimit, as

applicable, by a like amount. The Administrative Agent shall give prompt notice to each Lender

of any such termination of the Revolving Credit Commitments.

 (b) Any termination of the Revolving Credit Commitments pursuant to this Section may

not be reinstated.

Section 2.12. Replacement of Lenders

. If any Lender requests compensation under

Section 4.4, or if the Borrower is required to pay any Indemnified Taxes or additional amounts to

any Lender or any Governmental Authority for the account of any Lender pursuant to Section 4.1

and, in each case, such Lender has declined or is unable to designate a different lending office in

accordance with Section 4.7, or if any Lender is a Defaulting Lender or a Non-Consenting Lender,

then the Borrower may, at its 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 13.2), all of its

interests, rights (other than its existing rights to payments pursuant to Section 4.1 or Section 4.4)

and obligations under this Agreement and the related Loan Documents to an Eligible Assignee that

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shall assume such obligations (which assignee may be another Lender, if a Lender accepts such

assignment);

provided

that:

 (i) the Borrower shall have paid to the Administrative Agent the assignment

fee (if any) specified in Section 13.2;

 (ii) such Lender shall have received payment of an amount equal to the

outstanding principal of its Loans and funded participations in L/C Obligations, accrued

interest thereon, accrued fees and all other amounts payable to it hereunder and under the

other Loan Documents (including any amounts under Section

4.5 as if the Loans owing to

it were prepaid rather than assigned) from the assignee (to the extent of such outstanding

principal and accrued interest and fees) or the Borrower (in the case of all other amounts);

 (iii) in the case of any such assignment resulting from a claim for compensation

under Section 4.4 or payments required to be made pursuant to Section 4.1, such

assignment will result in a reduction in such compensation or payments thereafter;

 (iv) such assignment does not conflict with applicable law; and

 (v) in the case of any 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 Borrower to

require such assignment and delegation cease to apply.

Section 2.13. Defaulting Lenders.

 (a)

Defaulting Lender Adjustments.

 Notwithstanding anything to the contrary contained

in this Agreement, if any Lender becomes a Defaulting Lender, then, until such time as such

Lender is no longer a Defaulting Lender, to the extent permitted by applicable law:

 (i)

Waivers and Amendments

. Such Defaulting Lender’s right to approve or

disapprove any amendment, waiver or consent with respect to this Agreement shall be

restricted as set forth in the definition of Required Lenders. 

 (ii)

Defaulting Lender Waterfall

. Any payment of principal, interest, fees or

other amounts received by the Administrative Agent for the account of such Defaulting

Lender (whether voluntary or mandatory, at maturity, pursuant to Section 9 or otherwise)

or received by the Administrative Agent from a Defaulting Lender pursuant to Section 13.7

hereto shall be applied at such time or times as may be determined by the Administrative

Agent as follows:

first

, to the payment of any amounts owing by such Defaulting Lender

to the Administrative Agent hereunder;

second

, to the payment on a pro rata basis of any

amounts owing by such Defaulting Lender to any L/C Issuer or the Swingline Lender

hereunder;

third

, to Cash Collateralize the L/C Issuer’s Fronting Exposure with respect to

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such Defaulting Lender in accordance with Section 2.14;

fourth

, as the Borrower may

request (so long as no Default exists), to the funding of any Loan in respect of which such

Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as

determined by the Administrative Agent;

fifth

, if so determined by the Administrative

Agent and the Borrower, to be held in a deposit account and released pro rata in order to

(x) satisfy such Defaulting Lender’s potential future funding obligations with respect to

Loans under this Agreement and (y) Cash Collateralize the L/C Issuer’s future Fronting

Exposure with respect to such Defaulting Lender with respect to future Letters of Credit

issued under this Agreement, in accordance with Section 2.14;

sixth

, to the payment of any

amounts owing to the Lenders, the L/C Issuer or the Swingline Lender as a result of any

judgment of a court of competent jurisdiction obtained by any Lender, the L/C Issuer or

the Swingline Lender against such Defaulting Lender as a result of such Defaulting

Lender’s breach of its obligations under this Agreement;

seventh

, so long as no Default

exists, to the payment of any amounts owing to the Borrower as a result of any judgment

of a court of competent jurisdiction obtained by the Borrower against such Defaulting

Lender as a result of such Defaulting Lender’s breach of its obligations under this

Agreement; and

eighth

, to such Defaulting Lender or as otherwise directed by a court of

competent jurisdiction;

provided

 that if (x) such payment is a payment of the principal

amount of any Loans or L/C Obligations in respect of which such Defaulting Lender has

not fully funded its appropriate share, and (y) such Loans were made or the related Letters

of Credit were issued at a time when the conditions set forth in Section 7.1 were satisfied

or waived, such payment shall be applied solely to pay the Loans of, and L/C Obligations

owed to, all Non-Defaulting Lenders on a pro rata basis prior to being applied to the

payment of any Loans of, or L/C Obligations owed to, such Defaulting Lender until such

time as all Loans and funded and unfunded participations in L/C Obligations and Swingline

Loans are held by the Lenders pro rata in accordance with their Percentages of the relevant

Commitments without giving effect to Section 2.13(a)(iv) below. Any payments,

prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or

held) to pay amounts owed by a Defaulting Lender or to post Cash Collateral pursuant to

this Section 2.13(a)(ii) shall be deemed paid to and redirected by such Defaulting Lender,

and each Lender irrevocably consents hereto.

 (iii)

Certain Fees

. 

 (A) No Defaulting Lender shall be entitled to receive any commitment

fee for any period during which that Lender is a Defaulting Lender (and the

Borrower shall not be required to pay any such fee that otherwise would have been

required to have been paid to that Defaulting Lender). 

 (B) Each Defaulting Lender shall be entitled to receive L/C Participation

Fees for any period during which that Lender is a Defaulting Lender only to the

extent allocable to its Percentage of the stated amount of Letters of Credit for which

it has provided Cash Collateral pursuant to Section 2.14.

 (C) With respect to any L/C Participation Fee not required to be paid to

any Defaulting Lender pursuant to clause (B) above, the Borrower shall (x) pay to

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each Non-Defaulting Lender that portion of any such fee otherwise payable to such

Defaulting Lender with respect to such Defaulting Lender’s participation in

L/C Obligations or Swingline Loans that has been reallocated to such

Non-Defaulting Lender pursuant to clause (iv) below, (y) pay to each L/C Issuer

and Swingline Lender, as applicable, the amount of any such fee otherwise payable

to such Defaulting Lender to the extent allocable to such L/C Issuer’s or Swingline

Lender’s Fronting Exposure to such Defaulting Lender, and (z) not be required to

pay the remaining amount of any such fee.

 (iv)

Reallocation of Participations to Reduce Fronting Exposure

. All or any

part of such Defaulting Lender’s participation in L/C Obligations and Swingline Loans

shall be reallocated among the Non-Defaulting Lenders in accordance with their respective

Percentages of the relevant Commitments (calculated without regard to such Defaulting

Lender’s Commitments) but only to the extent that (x) the conditions set forth in

Section 7.1 are satisfied at the time of such reallocation (and, unless the Borrower shall

have otherwise notified the Administrative Agent at such time, the Borrower shall be

deemed to have represented and warranted that such conditions are satisfied at such time),

and (y) such reallocation does not cause the aggregate Revolving Loans and interests in

L/C Obligations and Swingline Loans of any Non-Defaulting Lender to exceed such

Non-Defaulting Lender’s Revolving Credit Commitment. Subject to Section 13.21, no

reallocation hereunder shall constitute a waiver or release of any claim of any party

hereunder against a Defaulting Lender arising from that Lender having become a

Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such

Non-Defaulting Lender’s increased exposure following such reallocation.

 (v)

Cash Collateral; Repayment of Swingline Loans

. If the reallocation

described in clause (iv) above cannot, or can only partially, be effected, the Borrower shall,

without prejudice to any right or remedy available to them hereunder or under law, (x) first,

prepay Swingline Loans in an amount equal to the Swing Lender’s Fronting Exposure and

(y) second, Cash Collateralize the L/C Issuer’s Fronting Exposure in accordance with the

procedures set forth in Section 2.14.

 (b)

Defaulting Lender Cure

. If the Borrower, the Administrative Agent, the Swingline

Lender and each L/C Issuer agree in writing that a Lender is no longer a Defaulting Lender, the

Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified

in such notice and subject to any conditions set forth therein (which may include arrangements

with respect to any Cash Collateral), that Lender will, to the extent applicable, purchase at par that

portion of outstanding Loans of the other Lenders or take such other actions as the Administrative

Agent may determine to be necessary to cause the Loans and funded and unfunded participations

in Letters of Credit and Swingline Loans to be held pro rata by the Lenders in accordance with

their respective Percentages of the relevant Commitments (without giving effect to

Section 2.13(a)(iv)), whereupon such Lender will cease to be a Defaulting Lender;

provided

 that

no adjustments will be made retroactively with respect to fees accrued or payments made by or on

behalf of the Borrower while that Lender was a Defaulting Lender; and

provided

,

further

, that

except to the extent otherwise expressly agreed by the affected parties, no change hereunder from

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Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder

arising from that Lender’s having been a Defaulting Lender.

 (c)

New Swingline Loans/Letters of Credit

. So long as any Lender is a Defaulting

Lender, (i) the Swingline Lender shall not be required to fund any Swingline Loans unless it is

satisfied that it will have no Fronting Exposure after giving effect to such Swingline Loan and

(ii) no L/C Issuer shall be required to issue, extend, renew or increase any Letter of Credit unless

it is satisfied that it will have no Fronting Exposure after giving effect thereto.

Section 2.14. Cash Collateral for Fronting Exposure. 

At any time that there shall exist a

Defaulting Lender, within one (1) Business Day following the written request of the

Administrative Agent or any L/C Issuer (with a copy to the Administrative Agent) the Borrower

shall Cash Collateralize the L/C Issuers’ Fronting Exposure with respect to such Defaulting Lender

(determined after giving effect to Section 2.13(a)(iv) and any Cash Collateral provided by such

Defaulting Lender) in an amount not less than the Minimum Collateral Amount.

 (a)

Grant of Security Interest

. The Borrower, and to the extent provided by any

Defaulting Lender, such Defaulting Lender, hereby grants to the Administrative Agent, for the

benefit of the L/C Issuers, and agree to maintain, a first priority security interest in all such Cash

Collateral as security for such Defaulting Lender’s obligation to fund participations in respect of

L/C Obligations, to be applied pursuant to clause (b) below. If at any time the Administrative

Agent determines that Cash Collateral is subject to any right or claim of any Person other than the

Administrative Agent and the L/C Issuers as herein provided, or that the total amount of such Cash

Collateral is less than the Minimum Collateral Amount, the Borrower shall, promptly upon demand

by the Administrative Agent, pay or provide to the Administrative Agent additional Cash

Collateral in an amount sufficient to eliminate such deficiency (after giving effect to any Cash

Collateral provided by the Defaulting Lender).

 (b)

Application

. Notwithstanding anything to the contrary contained in this Agreement,

Cash Collateral provided under this Section 2.14 or Section 2.13 in respect of Letters of Credit

shall be applied to the satisfaction of the Defaulting Lender’s obligation to fund participations in

respect of L/C Obligations (including, as to Cash Collateral provided by a Defaulting Lender, any

interest accrued on such obligation) for which the Cash Collateral was so provided, prior to any

other application of such property as may otherwise be provided for herein.

 (c)

Termination of Requirement

. Cash Collateral (or the appropriate portion thereof)

provided to reduce any L/C Issuer’s Fronting Exposure shall no longer be required to be held as

Cash Collateral pursuant to this Section 2.14(c) following (A) the elimination of the applicable

Fronting Exposure (including by the termination of Defaulting Lender status of the applicable

Lender), or (B) the determination by the Administrative Agent and each L/C Issuer that there exists

excess Cash Collateral;

provided

 that, subject to Section 2.14, the Person providing Cash

Collateral and each L/C Issuer may agree that Cash Collateral shall be held to support future

anticipated Fronting Exposure or other obligations; and

provided further

that to the extent that

such Cash Collateral was provided by the Borrower or any other Loan Party, such Cash Collateral

shall remain subject to the security interest granted pursuant to the Loan Documents.

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Section 2.15. Increase in Revolving Credit Commitments; Making of Incremental Term

Loans. 

The Borrower may, on any Business Day prior to the Revolving Credit Termination Date,

with the written consent of the Administrative Agent, the L/C Issuer, and the Swingline Lender,

increase the aggregate amount of the Revolving Credit Commitments and/or borrow one or more

term loans (collectively, the “

Incremental Term Loans

”), in each case, by delivering an Increase

Request substantially in the form attached hereto as Exhibit I (or in such other form acceptable to

the Administrative Agent) to the Administrative Agent at least five (5) Business Days prior to the

desired effective date of such increase (the

“Increase”

) identifying an additional Lender, which

qualifies as an Eligible Assignee (or additional Revolving Credit Commitments or a commitment

to make Incremental Term Loans for an existing Lender) and the amount of its Revolving Credit

Commitment or Incremental Term Loan (or, for an existing Lender, the amount of additional

Revolving Credit Commitments or the amount of a commitment to make Incremental Term

Loans);

provided, however

, that:

 (a) the aggregate amount of all such Increases shall not exceed $200,000,000

and any such Increase shall be in an amount not less than $10,000,000 (or such lesser

amount then agreed to by the Administrative Agent);

 (b) no Default shall have occurred and be continuing at the time of the request

or the effective date of the Increase and after giving pro forma effect to the use of proceeds

thereof; and

 (c) each of the representations and warranties set forth in Section 6 and in the

other Loan Documents shall be and remain true and correct in all material respects on the

effective date of such Increase (where not already qualified by materiality, otherwise in all

respects), except to the extent the same expressly relate to an earlier date, in which case

they shall be true and correct in all material respects (where not already qualified by

materiality, otherwise in all respects)

as of such earlier date.

The effective date (the

“Increase Date”

) of the Increase shall be agreed upon by the Borrowers,

the Administrative Agent and the Lender(s) providing such Increase. Upon the Increase Date,

Schedule 2.1/2.2 shall be deemed amended to reflect the Increase. With respect to an Increase in

the Revolving Credit Commitments as described above, on the Increase Date, the new Revolving

Lender(s) (or, if applicable, existing Lender(s)) shall advance Revolving Loans, as applicable, in

an amount sufficient such that after giving effect to such advance(s) or loan(s) and the prepayment

of Revolving Loans by any Lender(s) whose commitment is not increased, each Lender shall have

outstanding its Revolver Percentage of Revolving Loans. It shall be a condition to such

effectiveness that (A) if any Eurodollar Loans are outstanding on the date of such effectiveness,

such Eurodollar Loans shall be deemed to be prepaid on such date and the Borrower shall pay any

amounts owing to the Lenders pursuant to Section 4.5 and (B) the Borrower shall not have

terminated any portion of the Revolving Credit Commitments pursuant to Section 2.11. The

Borrower agrees to pay the expenses of the Administrative Agent (including reasonable attorney’s

fees) relating to any Increase. Notwithstanding anything herein to the contrary, no Lender shall

have any obligation to increase its Revolving Credit Commitment or to make any Incremental

Term Loan and no Lender’s Revolving Credit Commitment shall be increased without its consent

-46-

thereto, and each Lender may at its option, unconditionally and without cause, decline to provide

any Increase.

Each Revolving Credit Increase shall be on the same terms (including pricing and maturity, but

excluding customary arrangement, commitment, structuring and underwriting fees, and

amendment fees not generally shared with other Lenders with respect to such Revolving Credit

Increase) as the Revolving Credit Commitments outstanding prior to the Increase Date. Each

Incremental Term Loan shall be on terms and conditions specified in an Incremental Amendment.

Commitments in respect of Incremental Term Loans and increases in the Revolving Credit

Commitment shall become commitments (or in the case of an increase in the Revolving Credit

Commitment to be provided by an existing Lender, an increase in such Lender’s applicable

Revolving Credit Commitment) under this Agreement pursuant to an amendment (an

“Incremental

Amendment”

) to this Agreement and, as appropriate, the other Loan Documents, executed by the

Borrowers, each existing Lender agreeing to provide such Increase, if any, each additional Lender,

if any, and the Administrative Agent. The Incremental Amendment may, without the consent of

any other Lenders, effect such amendments to this Agreement and the other Loan Documents as

may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and the

Borrowers, to effect the provisions of this Section 2.15.

 Section 2.16. Extension Option. 

(a) The Borrower may, by written notice to the

Administrative Agent from time to time, request an extension (each, an “

Extension

”) of the

Revolving Credit Termination Date and/or, if applicable, any maturity date applicable to any

Incremental Term Loan to the extended maturity date specified in such request. Such notice shall

set forth (i) the amount of the Revolving Credit Commitments and/or Incremental Term Loans to

be extended (which shall be in minimum increments of $5,000,000 and a minimum of

$10,000,000) and (ii) the date on which such Extension is requested to become effective (which

date shall not be less than ten (10) Business Days nor more than sixty (60) days after after the date

of such requested Extension (or such longer or shorter periods as the Administrative Agent shall

agree). Each Lender shall be offered (an “

Extension Offer

”) an opportunity to participate in such

Extension on a pro rata basis and on the same terms and conditions as each other Lender pursuant

to procedures established by, or reasonably acceptable to, the Administrative Agent. Any Lender

approached to participate in such Extension may elect or decline, in its sole discretion, to

participate in such Extension (it being understood that if a Lender shall fail to respond to any

request for participation in an Extension within five (5) Business Days of receipt of the Extension

Offer, such Lender shall be deemed to have declined to participate in such Extension). If the

aggregate principal amount of Revolving Credit Commitments or Incremental Term Loans,

(calculated on the face amount thereof), as applicable, in respect of which Lenders shall have

accepted the relevant Extension Offer shall exceed the maximum aggregate principal amount of

the Revolving Credit Commitment or Incremental Term Loan, as applicable, requested to be

extended by the Borrower pursuant to the Extension Offer, then the Revolving Credit

Commitments or Incremental Term Loans, as applicable of the Lenders shall be extended ratably

up to such maximum amount based on the respective principal amounts (but not to exceed actual

holdings of record) with respect to which such Lenders have accepted such Extension Offer.

-47-

 (b) It shall be a condition precedent to the effectiveness of any Extension that: (i) no

Default shall have occurred and be continuing immediately prior to and immediately after giving

effect to such Extension, (ii) the representations and warranties of the Borrower and each other

Loan Party contained in Section 6 or any other Loan Document, or which are contained in any

document furnished at any time under or in connection herewith or therewith, shall be true and

correct in all material respects (and in all respects if any such representation or warranty is already

qualified by materiality or reference to Material Adverse Effect) on and as of the date of such

Extension, except to the extent that such representations and warranties specifically refer to an

earlier date, in which case, they shall be true and correct in all material respects (and in all respects

if any such representation or warranty is already qualified by materiality or reference to Material

Adverse Effect) as of such earlier date, (iii) the L/C Issuer and the Swingline Lender shall have

consented to any Extension of the Revolving Credit Commitments if such Extension provides for

the issuance of Letters of Credit or the making of Swingline Loans at any time during the extended

period, and (iv) the terms of such Extension shall comply with Section 2.16(c).

 (c) The terms of each Extension shall be determined by the Borrower and the applicable

extending Lenders and be set forth in an Additional Credit Extension Amendment, provided, that

(i) the final maturity date of any Extended Revolving Credit Commitment or Extended Incremental

Term Loan shall be no earlier than the Revolving Credit Termination Date or the maturity date

applicable to the existing Incremental Term Loans, (ii)(A) there shall be no scheduled amortization

of the Extended Revolving Credit Commitments and (B) the scheduled amortization of the

Extended Incremental Term Loans shall be as agreed among the Borrower and the Lenders

providing such Extended Incremental Term Loans, (iii)(A) the Extended Revolving Loans and the

Extended Incremental Term Loans will rank pari passu in right of payment with the Revolving

Loans and the Incremental Term Loans being extended, and (B) the borrower and the guarantors

of the Extended Revolving Credit Commitments or the Extended Incremental Term Loans, as

applicable, shall be the Borrower and the Guarantors, (iv) the interest rate margins and fees

applicable to any Extended Revolving Credit Commitments (and the Extended Revolving Loans

thereunder) and Extended Incremental Loans shall be determined by the Borrower and the

applicable extending Lenders, and (v) to the extent the terms of the Extended Revolving Credit

Commitments or Extended Incremental Term Loans are inconsistent with the terms set forth herein

(except as set forth in clauses (i) through (iv) above), such terms shall be reasonably satisfactory

to the Administrative Agent.

 (d) In connection with any Extension, the Borrower, the Administrative Agent and each

applicable extending Lender shall execute and deliver to the Administrative Agent an Additional

Credit Extension Amendment and such other documentation as the Administrative Agent shall

reasonably specify to evidence the Extension. The Administrative Agent shall promptly notify

each Lender as to the effectiveness of each Extension. Notwithstanding anything herein to the

contrary, any Additional Credit Extension Amendment may, without the consent of any other

Lender, effect such amendment to this Agreement and the other Loan Documents as may be

necessary or appropriate (but only to such extent), in the reasonable opinion of the Administrative

Agent and the Borrower, to implement the terms of any such Extension Offer, including any

amendments necessary to establish Extended Revolving Credit Commitments or Extended

Incremental Term Loans as a new tranche of Revolving Credit Commitments or Incremental Term

Loan, as applicable, and such other technical amendments as may be necessary or appropriate in

-48-

the reasonable opinion of the Administrative Agent and the Borrower in connection with the

establishment of such new tranche (including to preserve the pro rata treatment of the extended

and non-extended tranches and to provide for the reallocation of any L/C Obligations or

obligations under Swingline Loans upon the expiration or termination of the commitments under

any tranche), in each case on terms consistent with this Section 2.16.

 (e) This Section 2.16 shall supersede any provisions of Section 13.3 to the contrary.

S

ECTION

 3. F

EES

.

Section 3.1. Fees.

 (a)

Revolving Credit Commitment Fee

. The Borrower shall pay to the Administrative

Agent for the ratable account of the Lenders in accordance with their Revolver Percentages a

commitment fee at the rate per annum equal to the Applicable Margin (computed on the basis of a

year of 360 days and the actual number of days elapsed) times the daily amount by which the

aggregate Revolving Credit Commitments exceeds the principal amount of Revolving Loans and

L/C Obligations then outstanding. For the avoidance of doubt, the principal amount of Swingline

Loans shall not be counted towards or considered usage of the Revolving Credit Commitments for

purposes of this Section. Such commitment fee shall be payable quarterly in arrears on the last

day of each March, June, September, and December in each year (commencing on the first such

date occurring after the Closing Date) and on the Revolving Credit Termination Date, unless the

Revolving Credit Commitments are terminated in whole on an earlier date, in which event the

commitment fee for the period to the date of such termination in whole shall be paid on the date

of such termination.

 (b)

Letter of Credit Fees.

 On the date of issuance or extension, or increase in the amount,

of any Letter of Credit pursuant to Section 1.3, the Borrower shall pay to the L/C Issuer for its own

account a fronting fee equal to 0.125% of the face amount of (or of the increase in the face amount

of) such Letter of Credit. Quarterly in arrears, on the last day of each March, June, September,

and December, commencing on the first such date occurring after the Closing Date, the Borrower

shall pay to the Administrative Agent, for the ratable benefit of the Lenders in accordance with

their Revolver Percentages, a letter of credit fee (the

“L/C Participation Fee”

) at a rate per annum

equal to the Applicable Margin (computed on the basis of a year of 360 days and the actual number

of days elapsed) in effect during each day of such quarter applied to the daily average face amount

of Letters of Credit outstanding during such quarter. In addition, the Borrower shall pay to the

L/C Issuer for its own account the L/C Issuer’s standard issuance, drawing, negotiation,

amendment, assignment, and other administrative fees for each Letter of Credit as established by

the L/C Issuer from time to time. 

 (c)

Administrative Agent Fees

. The Borrower shall pay to the Administrative Agent, for

its own use and benefit, the fees agreed to between the Administrative Agent and the Borrower in

a letter dated as of the date hereof, or as otherwise agreed to in writing between them.

-49-

S

ECTION

 4. T

AXES

;

C

HANGE IN

C

IRCUMSTANCES

,

I

NCREASED

C

OSTS

,

 AND

F

UNDING

I

NDEMNITY

 Section 4.1. Taxes .

 (a)

Certain Defined Terms. 

For purposes of this Section, the term “Lender” includes any

L/C Issuer and the term “applicable law” includes FATCA.

 (b)

Payments Free of Taxes. 

Any and all payments by or on account of any obligation

of any Loan Party under any Loan Document shall be made without deduction or withholding for

any Taxes, except as required by applicable law. If any applicable law (as determined in the good

faith discretion of an applicable Withholding Agent) requires the deduction or withholding of any

Tax from any such payment by a Withholding Agent, then the applicable Withholding Agent shall

be entitled to make such deduction or withholding and shall timely pay the full amount deducted

or withheld to the relevant Governmental Authority in accordance with applicable law and, if such

Tax is an Indemnified Tax, then the sum payable by the applicable Loan Party shall be increased

as necessary so that after such deduction or withholding has been made (including such deductions

and withholdings applicable to additional sums payable under this Section) the applicable

Recipient receives an amount equal to the sum it would have received had no such deduction or

withholding been made.

 (c)

Payment of Other Taxes by the Loan Parties. 

The Loan Parties shall timely pay to

the relevant Governmental Authority in accordance with applicable law, or at the option of the

Administrative Agent timely reimburse it for the payment of, any Other Taxes.

 (d)

Indemnification by the Loan Parties. 

The Loan Parties shall jointly and severally

indemnify each Recipient, within thirty (30) days after demand therefor, for the full amount of any

Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts

payable under this Section) payable or paid by such Recipient or required to be withheld or

deducted from a payment to such Recipient and any reasonable expenses arising therefrom or with

respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or

asserted by the relevant Governmental Authority. A certificate as to the amount of such payment

or liability delivered to the Borrower by a Lender (with a copy to the Administrative Agent), or by

the Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent

manifest error.

 (e)

Indemnification by the Lenders. 

Each Lender shall severally indemnify the

Administrative Agent, within ten (10) days after demand therefor, for (i) any Indemnified Taxes

or Other Taxes attributable to such Lender (but only to the extent that any Loan Party has not

already indemnified the Administrative Agent for such Indemnified Taxes or Other Taxes and

without limiting the obligation of the Loan Parties to do so), (ii) any Taxes attributable to such

Lender’s failure to comply with the provisions of Section 13.2(d) relating to the maintenance of a

Participant Register and (iii) any Excluded Taxes attributable to such Lender, in each case, that are

payable or paid by the Administrative Agent in connection with any Loan Document, and any

reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were

correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as

-50-

to the amount of such payment or liability delivered to any Lender by the Administrative Agent

shall be conclusive absent manifest error. Each Lender hereby authorizes the Administrative

Agent to set off and apply any and all amounts at any time owing to such Lender under any Loan

Document or otherwise payable by the Administrative Agent to the Lender from any other source

against any amount due to the Administrative Agent under this subsection (e).

 (f)

Evidence of Payments.

As soon as practicable after any payment of Taxes by any

Loan Party to a Governmental Authority pursuant to this Section, such Loan Party shall deliver to

the Administrative Agent the original or a certified copy of a receipt issued by such Governmental

Authority evidencing such payment, a copy of the return reporting such payment or other evidence

of such payment reasonably satisfactory to the Administrative Agent.

 (g)

Status of Lenders. 

(i) Any Lender that is entitled to an exemption from or reduction

of withholding Tax with respect to payments made under any Loan Document shall deliver to the

Borrower and the Administrative Agent, at the time or times reasonably requested by the Borrower

or the Administrative Agent, such properly completed and executed documentation reasonably

requested by the Borrower or the Administrative Agent as will permit such payments to be made

without withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably

requested by the Borrower or the Administrative Agent, shall deliver such other documentation

prescribed by applicable law or reasonably requested by the Borrower or the Administrative Agent

as will enable the Borrower or the Administrative Agent to determine whether or not such Lender

is subject to backup withholding or information reporting requirements. Notwithstanding anything

to the contrary in the preceding two sentences, the completion, execution and submission of such

documentation (other than such documentation set forth in Section 4.1(g)(ii)(A), (ii)(B) and (ii)(D)

below) shall not be required if in the Lender’s reasonable judgment such completion, execution or

submission would subject such Lender to any material unreimbursed cost or expense or would

materially prejudice the legal or commercial position of such Lender.

 (ii) Without limiting the generality of the foregoing, 

 (A) any Lender that is a U.S. Person shall deliver to the Borrower and the

Administrative Agent on or prior to the date on which such Lender becomes a Lender under

this Agreement (and from time to time thereafter upon the reasonable request of the

Borrower or the Administrative Agent), executed originals of IRS Form W-9 certifying

that such Lender is exempt from U.S. federal backup withholding tax;

 (B) any Foreign Lender shall, to the extent it is legally entitled to do so, deliver

to the Borrower and the Administrative Agent (in such number of copies as shall be

requested by the recipient) on or prior to the date on which such Foreign Lender becomes

a Lender under this Agreement (and from time to time thereafter upon the reasonable

request of the Borrower or the Administrative Agent), whichever of the following is

applicable:

 (i) in the case of a Foreign Lender claiming the benefits of an income

tax treaty to which the United States is a party (x) with respect to payments of

interest under any Loan Document, executed originals of IRS Form W-8BEN

-51-

establishing an exemption from, or reduction of, U.S. federal withholding Tax

pursuant to the “interest” article of such tax treaty and (y) with respect to any other

applicable payments under any Loan Document, IRS Form W-8BEN establishing

an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the

“business profits” or “other income” article of such tax treaty;

 (ii) executed originals of IRS Form W-8ECI;

 (iii) in the case of a Foreign Lender claiming the benefits of the

exemption for portfolio interest under Section 881(c) of the Code, (x) a certificate

substantially in the form of Exhibit H-1 to the effect that such Foreign Lender is

not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10 percent

shareholder” of the Borrower within the meaning of Section 881(c)(3)(B) of the

Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of

the Code (a

“U.S. Tax Compliance Certificate”

) and (y) executed originals of IRS

Form W-8BEN; or

 (iv) to the extent a Foreign Lender is not the beneficial owner, executed

originals of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS

Form W-8BEN, a U.S. Tax Compliance Certificate substantially in the form of

Exhibit H-2 or Exhibit H-3, IRS Form W-9, and/or other certification documents

from each beneficial owner, as applicable;

provided

that if the Foreign Lender is a

partnership and one or more direct or indirect partners of such Foreign Lender are

claiming the portfolio interest exemption, such Foreign Lender may provide a

U.S. Tax Compliance Certificate substantially in the form of Exhibit H-4 on behalf

of each such direct and indirect partner;

 (C) any Foreign Lender shall, to the extent it is legally entitled to do so, deliver

to the Borrower and the Administrative Agent (in such number of copies as shall be

requested by the recipient) on or prior to the date on which such Foreign Lender becomes

a Lender under this Agreement (and from time to time thereafter upon the reasonable

request of the Borrower or the Administrative Agent), executed originals of any other form

prescribed by applicable law as a basis for claiming exemption from or a reduction in U.S.

federal withholding Tax, duly completed, together with such supplementary

documentation as may be prescribed by applicable law to permit the Borrower or the

Administrative Agent to determine the withholding or deduction required to be made; and

 (D) if a payment made to a Lender under any Loan Document would be subject

to U.S. federal withholding Tax imposed by FATCA if such Lender were to fail to comply

with the applicable reporting requirements of FATCA (including those contained in

Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the

Borrower and the Administrative Agent at the time or times prescribed by law and at such

time or times reasonably requested by the Borrower or the Administrative Agent such

documentation prescribed by applicable law (including as prescribed by

Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably

requested by the Borrower or the Administrative Agent as may be necessary for the

-52-

Borrower and the Administrative Agent to comply with their obligations under FATCA

and to determine that such Lender has complied with such Lender’s obligations under

FATCA or to determine the amount to deduct and withhold from such payment. Solely for

purposes of this clause (D),

“FA

TCA”

shall include any amendments made to FATCA

after the date of this Agreement.

Each Lender agrees that if any form or certification it previously delivered expires or

becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly

notify the Borrower and the Administrative Agent in writing of its legal inability to do so.

 (h)

Treatment of Certain Refunds. 

If any party receives a refund of any Taxes as to which

it has been indemnified pursuant to this Section (including by the payment of additional amounts

pursuant to this Section), it shall pay to the indemnifying party an amount equal to such refund

(but only to the extent of indemnity payments made under this Section with respect to the Taxes

giving rise to such refund), net of all out-of-pocket expenses (including Taxes) of such indemnified

party and without interest (other than any interest paid by the relevant Governmental Authority

with respect to such refund). Such indemnifying party, upon the request of such indemnified party,

shall repay to such indemnified party the amount paid over pursuant to this subsection (h) (plus

any penalties, interest or other charges imposed by the relevant Governmental Authority) in the

event that such indemnified party is required to repay such refund to such Governmental Authority. 

Notwithstanding anything to the contrary in this subsection (h), in no event will the indemnified

party be required to pay any amount to an indemnifying party pursuant to this subsection (h) the

payment of which would place the indemnified party in a less favorable net after-Tax position than

the indemnified party would have been in if the Tax subject to indemnification had not been

deducted, withheld or otherwise imposed and the indemnification payments or additional amounts

giving rise to such refund had never been paid. This subsection shall not be construed to require

any indemnified party to make available its Tax returns (or any other information relating to its

Taxes that it deems confidential) to the indemnifying party or any other Person.

 (i)

Survival. 

Each party’s obligations under this Section

shall survive the resignation or

replacement of the Administrative Agent or any assignment of rights by, or the replacement of, a

Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all

obligations under any Loan Document.

Section 4.2. Change of Law.

 Notwithstanding any other provisions of this Agreement or

any other Loan Document, if at any time any Change in Law makes it unlawful for any Lender to

make or continue to maintain any Eurodollar Loans or to perform its obligations as contemplated

hereby, such Lender shall promptly give notice thereof to the Borrower and such Lender’s

obligations to make or maintain Eurodollar Loans under this Agreement shall be suspended until

it is no longer unlawful for such Lender to make or maintain Eurodollar Loans. The Borrower

shall prepay on demand the outstanding principal amount of any such affected Eurodollar Loans,

together with all interest accrued thereon and all other amounts then due and payable to such

Lender under this Agreement;

provided, however,

 subject to all of the terms and conditions of this

Agreement, the Borrower may then elect to borrow the principal amount of the affected Eurodollar

Loans from such Lender by means of Base Rate Loans from such Lender, which Base Rate Loans

shall not be made ratably by the Lenders but only from such affected Lender.

-53-

Section 4.3. Unavailability of Deposits or Inability to Ascertain, or Inadequacy of,

LIBOR

. (a)

Reserved

.

 (b)

Replacing USD LIBOR. 

On March 5, 2021 the Financial Conduct Authority

(

“FCA”

), the regulatory supervisor of USD LIBOR’s administrator (

“IBA”

), announced in a

public statement the future cessation or loss of representativeness of overnight/Spot Next, 1-

month, 3-month, 6-month and 12- month USD LIBOR tenor settings. On the earlier of (i) the date

that all Available Tenors of USD LIBOR have either permanently or indefinitely ceased to be

provided by IBA or have been announced by the FCA pursuant to public statement or publication

of information to be no longer representative and (ii) the Benchmark Replacement Date relating

to an Early Opt-in Election, if the then-current Benchmark is USD LIBOR, the Benchmark

Replacement will replace such Benchmark for all purposes hereunder and under any Loan

Document in respect of any setting of such Benchmark on such day and all subsequent settings

without any amendment to, or further action or consent of any other party to this Agreement or

any other Loan Document. If the Benchmark Replacement is Daily Simple SOFR, all interest

payments will be payable on a quarterly basis.

(c) Effect of Benchmark Transition Event. 

(i) Notwithstanding anything to the contrary

herein or in any other Loan Document, if a Benchmark Transition Event or an Early Opt

-

in

Election, as applicable, and its related Benchmark Replacement Date have occurred prior to the

Reference Time in respect of any setting of the then

-

current Benchmark, then (x) if a Benchmark

Replacement is determined in accordance with clause (1) or (2) of the definition of “Benchmark

Replacement” for such Benchmark Replacement Date, such Benchmark Replacement will replace

such Benchmark for all purposes hereunder and under any Loan Document in respect of such

Benchmark setting and subsequent Benchmark settings without any amendment to, or further

action or consent of any other party to, this Agreement or any other Loan Document and (y) if a

Benchmark Replacement is determined in accordance with clause (3) of the definition of

“Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark

Replacement will replace such Benchmark for all purposes hereunder and under any Loan

Document in respect of any Benchmark setting at or after 5:00 p.m. (Chicago time) on the 5th

Business Day after the date notice of such Benchmark Replacement is provided to the Lenders

without any amendment to, or further action or consent of any other party to, this Agreement or

any other Loan Document so long as the Administrative Agent has not received, by such time,

written notice of objection to such Benchmark Replacement from Lenders comprising the

Required Lenders.

 (ii) Notwithstanding anything to the contrary herein or in any other Loan

Document and subject to the proviso below in this paragraph, if a Term SOFR Event and

its related Benchmark Replacement Date have occurred prior to the Reference Time in

respect of any setting of the then

-

current Benchmark, then the applicable Benchmark

Replacement will replace the then

-

current Benchmark for all purposes hereunder or under

any Loan Document in respect of such Benchmark setting and subsequent Benchmark

settings, without any amendment to, or further action or consent of any other party to, this

Agreement or any other Loan Document;

provided

 that, this clause (ii) shall not be effective

unless the Administrative Agent has delivered to the Lenders and the Borrower a Term

SOFR Notice.

-54-

 (iii) In connection with the implementation of a Benchmark Replacement, the

Administrative Agent will have the right to make Benchmark Replacement Conforming

Changes from time to time and, notwithstanding anything to the contrary herein or in any

other Loan Document, any amendments implementing such Benchmark Replacement

Conforming Changes will become effective without any further action or consent of any

other party to this Agreement or any other Loan Document.

 (iv) The Administrative Agent will promptly notify the Borrower and the

Lenders of (A) any occurrence of a Benchmark Transition Event, Term SOFR Event or

Early Opt

-

in Election, as applicable, and its related Benchmark Replacement Date, (B) the

implementation of any Benchmark Replacement, (C) the effectiveness of any Benchmark

Replacement Conforming Changes, (D) the removal or reinstatement of any tenor of a

Benchmark pursuant to clause (v) below and (E) the commencement or conclusion of any

Benchmark Unavailability Period. Any determination, decision or election that may be

made by the Administrative Agent or, if applicable, any Lender (or group of Lenders)

pursuant to this Section 4.3(c), including any determination with respect to a tenor, rate or

adjustment or of the occurrence or non

-

occurrence of an event, circumstance or date and

any decision to take or refrain from taking any action or any selection, will be made in

good faith in its or their reasonable discretion giving due consideration to any selection or

recommendation by the Relevant Governmental Body and to any prevailing market

practices for U.S. Dollar-denominated syndicated credit facilities and shall be conclusive

and binding absent manifest error without consent from any other party to this Agreement

or any other Loan Document, except, in each case, as expressly required pursuant to this

Section 4.3(c). The parties hereto acknowledge that, on March 5, 2021, the ICE

Benchmark Administration (the

“IBA”

), the administrator of the London interbank offered

rate (

“LIBOR Rate”

), stated that as a result of its not having access to input data necessary

to calculate LIBOR Rate settings on a representative basis beyond the intended cessation

dates set forth in such statement, it would have to cease publication of all 35 LIBOR Rate

settings immediately after such dates. The IBA did not identify any successor

administrator in its announcement. The IBA also noted that the U.K. Financial Conduct

Authority (the

“FCA”

), the regulatory supervisor for the IBA, could, at a later date, use

proposed new powers to require the IBA to publish LIBOR Rate settings on a synthetic

basis. The FCA also issued a separate announcement confirming that the IBA had notified

the FCA of its intent to cease providing all LIBOR Rate settings. While the FCA stated

that, subject to the establishment of the new proposed powers, it would consult on the issue

of requiring the IBA to produce certain LIBOR Rate tenors on a synthetic basis, it

confirmed that all 35 LIBOR Rate settings will either cease to be provided by any

administrator or will no longer be representative as of the dates set forth in such statement.

 (v) Notwithstanding anything to the contrary herein or in any other Loan

Document, at any time (including in connection with the implementation of a Benchmark

Replacement), (A) if the then

-

current Benchmark is a term rate (including Term SOFR or

LIBOR) and either (1) any tenor for such Benchmark is not displayed on a screen or other

information service that publishes such rate from time to time as selected by the

Administrative Agent in good faith and in its reasonable discretion giving due

consideration to any prevailing market practice for U.S. Dollar-denominated syndicated

-55-

credit facilities or (2) the regulatory supervisor for the administrator of such Benchmark

has provided a public statement or publication of information announcing that any tenor

for such Benchmark is or will be no longer representative, then the Administrative Agent

may modify the definition of “Interest Period” for any Benchmark settings at or after such

time to remove such unavailable or non

-

representative tenor and (B) if a tenor that was

removed pursuant to clause (A) above either (1) is subsequently displayed on a screen or

information service for a Benchmark (including a Benchmark Replacement) or (2) is not,

or is no longer, subject to an announcement that it is or will no longer be representative for

a Benchmark (including a Benchmark Replacement), then the Administrative Agent may

modify the definition of “Interest Period” for all Benchmark settings at or after such time

to reinstate such previously removed tenor.

 (vi) Upon the Borrower’s receipt of notice of the commencement of a

Benchmark Unavailability Period, the Borrower may revoke any request for a Borrowing

of, conversion to or continuation of Eurodollar Loans to be made, converted or continued

during any Benchmark Unavailability Period and, failing that, the Borrowers will be

deemed to have converted any such request into a request for a Borrowing of or conversion

to Base Rate Loans. During any Benchmark Unavailability Period or at any time that a

tenor for the then

-

current Benchmark is not an Available Tenor, the component of Base

Rate based upon the then

-

current Benchmark or such tenor for such Benchmark, as

applicable, will not be used in any determination of Base Rate.

(vii)

Certain Defined Terms

. As used in this Section 4.3(c): 

 “Available Tenor”

 means, as of any date of determination and with

respect to the then

-

current Benchmark, as applicable, any tenor for such

Benchmark or payment period for interest calculated with reference to such

Benchmark, as applicable, that is or may be used for determining the length

of an Interest Period pursuant to this Agreement as of such date and not

including, for the avoidance of doubt, any tenor for such Benchmark that is

then

-

removed from the definition of “Interest Period” pursuant to clause (v)

of this Section 4.3(c).

 “Benchmark”

 means, initially, the LIBOR Index Rate;

provided

 that

if a Benchmark Transition Event, a Term SOFR Event or an Early Opt

-

in

Election, as applicable, and its related Benchmark Replacement Date have

occurred with respect to the LIBOR Index Rate or the then

-

current

Benchmark, then “Benchmark” means the applicable Benchmark

Replacement to the extent that such Benchmark Replacement has replaced

such prior benchmark rate pursuant to clause (i) or (ii) of this Section 4.3(c).

 “Benchmark Replacement”

means, for any Available Tenor, the

first alternative set forth in the order below that can be determined by the

Administrative Agent for the applicable Benchmark Replacement Date:

-56-

 (1) the sum of: (a) Term SOFR and (b) the related Benchmark

Replacement Adjustment;

 (2) the sum of: (a) Daily Simple SOFR and (b) the related

Benchmark Replacement Adjustment;

 (3) the sum of: (a) the alternate benchmark rate that has been

selected by the Administrative Agent and the Borrower as the replacement

for the then

-

current Benchmark for the applicable Corresponding Tenor

giving due consideration to (i) any selection or recommendation of a

replacement benchmark rate or the mechanism for determining such a rate

by the Relevant Governmental Body or (ii) any evolving or then

-

prevailing

market convention for determining a benchmark rate as a replacement for

the then

-

current Benchmark for U.S. dollar

-

denominated syndicated credit

facilities at such time and (b) the related Benchmark Replacement

Adjustment;

provided

 that, in the case of clause (1), such Unadjusted Benchmark

Replacement is displayed on a screen or other information service that

publishes such rate from time to time as selected by the Administrative

Agent in good faith and in its reasonable discretion giving due consideration

to any prevailing market practice for U.S. Dollar-denominated syndicated

credit facilities;

provided further

 that, notwithstanding anything to the

contrary in this Agreement or in any other Loan Document, upon the

occurrence of a Term SOFR Event, and the delivery of a Term SOFR

Notice, on the applicable Benchmark Replacement Date the “Benchmark

Replacement” shall revert to and shall be deemed to be the sum of (a) Term

SOFR and (b) the related Benchmark Replacement Adjustment, as set forth

in clause (1) of this definition (subject to the first proviso above).

If the Benchmark Replacement as determined pursuant to clause (1), (2) or

(3) above would be less than the Floor, the Benchmark Replacement will be

deemed to be the Floor for the purposes of this Agreement and the other

Loan Documents.

 “Benchmark Replacement Adjustment”

means, with respect to any

replacement of the then current Benchmark with an Unadjusted Benchmark

Replacement for any applicable Interest Period and Available Tenor for any

setting of such Unadjusted Benchmark Replacement:

 (1) for purposes of clauses (1) and (2) of the definition of

“Benchmark Replacement,” the first alternative set forth in the order below

that can be determined by the Administrative Agent:

 (a) the spread adjustment, or method for calculating or

determining such spread adjustment, (which may be a positive or negative

-57-

value or zero) as of the Reference Time such Benchmark Replacement is

first set for such Interest Period that has been selected or recommended by

the Relevant Governmental Body for the replacement of such Benchmark

with the applicable Unadjusted Benchmark Replacement for the applicable

Corresponding Tenor;

 (b) the spread adjustment (which may be a positive or negative

value or zero) as of the Reference Time such Benchmark Replacement is

first set for such Interest Period that would apply to the fallback rate for a

derivative transaction referencing the ISDA Definitions to be effective upon

an index cessation event with respect to such Benchmark for the applicable

Corresponding Tenor; and

 (2) for purposes of clause (3) of the definition of “Benchmark

Replacement,” the spread adjustment, or method for calculating or

determining such spread adjustment, (which may be a positive or negative

value or zero) that has been selected by the Administrative Agent and the

Borrower for the applicable Corresponding Tenor giving due consideration

to (i) any selection or recommendation of a spread adjustment, or method

for calculating or determining such spread adjustment, for the replacement

of such Benchmark with the applicable Unadjusted Benchmark

Replacement by the Relevant Governmental Body on the applicable

Benchmark Replacement Date and/or (ii) any evolving or then-prevailing

market convention for determining a spread adjustment, or method for

calculating or determining such spread adjustment, for the replacement of

such Benchmark with the applicable Unadjusted Benchmark Replacement

for U.S. dollar denominated syndicated credit facilities;

provided

 that, in the case of clause (1) above, such adjustment is displayed

on a screen or other information service that publishes such Benchmark

Replacement Adjustment from time to time as selected by the

Administrative Agent in its reasonable discretion.

 “Benchmark Replacement Conforming Changes”

 means, with

respect to any Benchmark Replacement, any technical, administrative or

operational changes (including changes to the definition of “Base Rate,” the

definition of “Business Day,” the definition of “Interest Period,” the timing

and frequency of determining rates and making payments of interest, the

timing of borrowing requests or prepayment, conversion or continuation

notices, the length of lookback periods, the applicability of breakage

provisions, and other technical, administrative or operational matters) that

the Administrative Agent reasonably decides may be appropriate to reflect

the adoption and implementation of such Benchmark Replacement and to

permit the administration thereof by the Administrative Agent in a manner

substantially consistent with market practice (or, if the Administrative

Agent in good faith decides that adoption of any portion of such market

-58-

practice is not administratively feasible or if the Administrative Agent

determines in good faith that no market practice for the administration of

such Benchmark Replacement exists, in such other manner of

administration as the Administrative Agent in good faith decides is

reasonably necessary in connection with the administration of this

Agreement and the other Loan Documents).

 “Benchmark Replacement Date”

 means the earliest to occur of the

following events with respect to the then-current Benchmark:

 (1) in the case of clause (1) or (2) of the definition of

“Benchmark Transition Event,” the later of (a) the date of the public

statement or publication of information referenced therein and (b) the date

on which the administrator of such Benchmark (or the published component

used in the calculation thereof) permanently or indefinitely ceases to

provide all Available Tenors of such Benchmark (or such component

thereof);

 (2) in the case of clause (3) of the definition of “Benchmark

Transition Event,” the date of the public statement or publication of

information referenced therein;

 (3) in the case of a Term SOFR Event, the date that is 30 days

after the date a Term SOFR Notice is provided to the Lenders and the

Borrower pursuant to this Section 4.3(c)(ii); or

 (4) in the case of an Early Opt

-

in Election, the 6th Business Day

after the date notice of such Early Opt

-

in Election is provided to the

Lenders, so long as the Administrative Agent has not received, by 5:00 p.m.

(Chicago time) on the 5th Business Day after the date notice of such Early

Opt

-

in Election is provided to the Lenders, written notice of objection to

such Early Opt

-

in Election from Lenders comprising the Required Lenders.

For the avoidance of doubt, (i) if the event giving rise to the Benchmark

Replacement Date occurs on the same day as, but earlier than, the Reference

Time in respect of any determination, the Benchmark Replacement Date

will be deemed to have occurred prior to the Reference Time for such

determination and (ii) the “Benchmark Replacement Date” will be deemed

to have occurred in the case of clause (1) or (2) with respect to any

Benchmark upon the occurrence of the applicable event or events set forth

therein with respect to all then

-

current Available Tenors of such Benchmark

(or the published component used in the calculation thereof).

 “Benchmark Transition Event”

means the occurrence of one or

more of the following events with respect to the then

-

current Benchmark:

-59-

 (1) a public statement or publication of information by or on

behalf of the administrator of such Benchmark (or the published component

used in the calculation thereof) announcing that such administrator has

ceased or will cease to provide all Available Tenors of such Benchmark (or

such component thereof), permanently or indefinitely;

provided

 that, at the

time of such statement or publication, there is no successor administrator

that will continue to provide any Available Tenor of such Benchmark (or

such component thereof);

 (2) a public statement or publication of information by the

regulatory supervisor for the administrator of such Benchmark (or the

published component used in the calculation thereof), the FRB, the

NYFRB, an insolvency official with jurisdiction over the administrator for

such Benchmark (or such component), a resolution authority with

jurisdiction over the administrator for such Benchmark (or such component)

or a court or an entity with similar insolvency or resolution authority over

the administrator for such Benchmark (or such component), which states

that the administrator of such Benchmark (or such component) has ceased

or will cease to provide all Available Tenors of such Benchmark (or such

component thereof) permanently or indefinitely,

provided

 that, at the time

of such statement or publication, there is no successor administrator that

will continue to provide any Available Tenor of such Benchmark (or such

component thereof); or

 (3) a public statement or publication of information by the

regulatory supervisor for the administrator of such Benchmark (or the

published component used in the calculation thereof) announcing that all

Available Tenors of such Benchmark (or such component thereof) are no

longer representative.

For the avoidance of doubt, a “Benchmark Transition Event” will be

deemed to have occurred with respect to any Benchmark if a public

statement or publication of information set forth above has occurred with

respect to each then

-

current Available Tenor of such Benchmark (or the

published component used in the calculation thereof).

 “Benchmark Unavailability Period”

means the period (if any) (x)

beginning at the time that a Benchmark Replacement Date pursuant to

clauses (1) or (2) of that definition has occurred if, at such time, no

Benchmark Replacement has replaced the then

-

current Benchmark for all

purposes hereunder and under any Loan Document in accordance with this

Section 4.3(c) and (y) ending at the time that a Benchmark Replacement has

replaced the then

-

current Benchmark for all purposes hereunder and under

any Loan Document in accordance with this Section 4.3(c).

-60-

 “Corresponding Tenor”

with respect to any Available Tenor means,

as applicable, either a tenor (including overnight) or an interest payment

period having approximately the same length (disregarding business day

adjustment) as such Available Tenor.

 “Daily Simple SOFR”

means, for any day, SOFR, with the

conventions for this rate (which will include a lookback) being established

by the Administrative Agent in accordance with the conventions for this

rate selected or recommended by the Relevant Governmental Body for

determining “Daily Simple SOFR” for syndicated business loans;

provided

that if the Administrative Agent decides in good faith that any such

convention is not administratively feasible for the Administrative Agent,

then the Administrative Agent may establish another convention in good

faith and in its reasonable discretion giving due consideration to any

prevailing market practices for U.S. Dollar-denominated syndicated credit

facilities.

 “Early Opt

-

in Election”

means, if the then

-

current Benchmark is

the LIBOR Index Rate, the occurrence of:

 (1) a notification by the Administrative Agent to (or the request

by the Borrower to the Administrative Agent to notify) each of the other

parties hereto that at least five currently outstanding U.S.

dollar

-

denominated syndicated credit facilities at such time contain (as a

result of amendment or as originally executed) a SOFR

-

based rate

(including SOFR, a term SOFR or any other rate based upon SOFR) as a

benchmark rate (and such syndicated credit facilities are identified in such

notice and are publicly available for review), and

 (2) the joint election by the Administrative Agent and the

Borrower to trigger a fallback from LIBOR and the provision by the

Administrative Agent of written notice of such election to the Lenders.

 “Floor”

 means the benchmark rate floor, if any, provided in this

Agreement initially (as of the execution of this Agreement, the

modification, amendment or renewal of this Agreement or otherwise) with

respect to LIBOR.

 “FRB”

 means the Board of Governors of the Federal Reserve

System of the United States.

 “ISDA Definitions”

means the 2006 ISDA Definitions published by

the International Swaps and Derivatives Association, Inc. or any successor

thereto, as amended or supplemented from time to time, or any successor

definitional booklet for interest rate derivatives published from time to time

-61-

by the International Swaps and Derivatives Association, Inc. or such

successor thereto.

 “NYFRB”

means the Federal Reserve Bank of New York.

 “NYFRB’s Website”

means the website of the Federal Reserve Bank

of New York at http://www.newyorkfed.org, or any successor source.

 “Reference Time”

with respect to any setting of the then

-

current

Benchmark means (1) if such Benchmark is the LIBOR Index Rate, 11:00

a.m. (London time) on the day that is two London banking days preceding

the date of such setting, and (2) if such Benchmark is not the LIBOR Index

Rate, the time determined by the Administrative Agent in good faith and in

its reasonable discretion giving due consideration to any prevailing market

practice for U.S. Dollar-denominated syndicated credit facilities.

 “Relevant Governmental Body

” means the FRB and/or the NYFRB,

or a committee officially endorsed or convened by the FRB and/or the

NYFRB, or any successor thereto.

 “SOFR”

means, with respect to any Business Day, a rate per annum

equal to the secured overnight financing rate for such Business Day

published by the SOFR Administrator on the SOFR Administrator’s

Website on the immediately succeeding Business Day.

 “SOFR Administrator”

means the NYFRB (or a successor

administrator of the secured overnight financing rate).

 “SOFR Administrator’s Website”

means the NYFRB’s Website,

currently at http://www.newyorkfed.org, or any successor source for the

secured overnight financing rate identified as such by the SOFR

Administrator from time to time.

 “Term SOFR”

means, for the applicable Corresponding Tenor as of

the applicable Reference Time, the forward

-

looking term rate based on

SOFR that has been selected or recommended by the Relevant

Governmental Body.

 “Term SOFR Event”

means the determination by the Administrative

Agent that (a) Term SOFR has been recommended for use by the Relevant

Governmental Body, (b) the administration of Term SOFR is

administratively feasible for the Administrative Agent and (c) a Benchmark

Transition Event has previously occurred resulting in a Benchmark

Replacement in accordance with this Section 4.3(c) that is not Term SOFR.

-62-

 “Term SOFR Notice”

means a notification by the Administrative

Agent to the Lenders and the Borrower of the occurrence of a Term SOFR

Event.

 “Unadjusted Benchmark Replacement”

means the applicable

Benchmark Replacement excluding the related Benchmark Replacement

Adjustment.

Section 4.4. Increased Costs

.

 (a)

Increased Costs Generally. 

If any Change in Law shall:

 (i) impose, modify or deem applicable any reserve, special deposit,

compulsory loan, insurance charge or similar requirement against assets of, deposits with

or for the account of, or credit extended or participated in by, any Lender (except any

reserve requirement reflected in the Adjusted LIBOR) or any L/C Issuer;

 (ii) subject any Recipient to any Taxes (other than (A) Indemnified Taxes,

(B) Taxes described in clauses (b) through (d) of the definition of Excluded Taxes and

(C) Connection Income Taxes) on its loans, loan principal, letters of credit, commitments,

or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto;

or

 (iii) impose on any Lender or any L/C Issuer or the London interbank market

any other condition, cost or expense (other than Taxes) affecting this Agreement or Loans

made by such Lender or any Letter of Credit or participation therein;

and the result of any of the foregoing shall be to increase the cost to such Lender or such other

Recipient of making, converting to, continuing or maintaining any Loan or of maintaining its

obligation to make any such Loan, or to increase the cost to such Lender, such L/C Issuer or such

other Recipient of participating in, issuing or maintaining any Letter of Credit (or of maintaining

its obligation to participate in or to issue any Letter of Credit), or to reduce the amount of any sum

received or receivable by such Lender, L/C Issuer or other Recipient hereunder (whether of

principal, interest or any other amount) then, upon request of such Lender, L/C Issuer or other

Recipient, the Borrower will pay to such Lender, L/C Issuer or other Recipient, as the case may

be, such additional amount or amounts as will compensate such Lender, L/C Issuer or other

Recipient, as the case may be, for such additional costs incurred or reduction suffered.

 (b)

Capital Requirements. 

If any Lender or L/C Issuer determines that any Change in

Law affecting such Lender or L/C Issuer or any lending office of such Lender or such Lender’s or

L/C Issuer’s holding company, if any, regarding capital or liquidity requirements, has or would

have the effect of reducing the rate of return on such Lender’s or L/C Issuer’s capital or on the

capital of such Lender’s or L/C Issuer’s holding company, if any, as a consequence of this

Agreement, the Commitments of such Lender or the Loans made by, or participations in Letters

of Credit or Swingline Loans held by, such Lender, or the Letters of Credit issued by any L/C

Issuer, to a level below that which such Lender or L/C Issuer or such Lender’s or L/C Issuer’s

-63-

holding company could have achieved but for such Change in Law (taking into consideration such

Lender’s or L/C Issuer’s policies and the policies of such Lender’s or L/C Issuer’s holding

company with respect to capital adequacy), then from time to time the Borrower will pay to such

Lender or L/C Issuer, as the case may be, such additional amount or amounts as will compensate

such Lender or L/C Issuer or such Lender’s or L/C Issuer’s holding company for any such

reduction suffered.

 (c)

Certificates for Reimbursement. 

A certificate of a Lender or L/C Issuer setting forth

the amount or amounts necessary to compensate such Lender or L/C Issuer or its holding company,

as the case may be, as specified in subsection (a) or (b) of this Section and delivered to the

Borrower, shall be conclusive absent manifest error. The Borrower shall pay such Lender or L/C

Issuer, as the case may be, the amount shown as due on any such certificate within thirty (30) days

after receipt thereof.

 (d)

Delay in Requests. 

Failure or delay on the part of any Lender or L/C Issuer to demand

compensation pursuant to this Section shall not constitute a waiver of such Lender’s or L/C Issuer’s

right to demand such compensation;

provided

 that the Borrower shall not be required to

compensate a Lender or L/C Issuer pursuant to this Section for any increased costs incurred or

reductions suffered more than six (6) months prior to the date that such Lender or L/C Issuer, as

the case may be, notifies the Borrower of the Change in Law giving rise to such increased costs or

reductions, and of such Lender’s or L/C Issuer’s intention to claim compensation therefor (except

that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the

nine-month period referred to above shall be extended to include the period of retroactive effect

thereof).

Section 4.5. Funding Indemnity

. If any Lender shall incur any loss, cost or expense

(including, without limitation, any loss, cost or expense incurred by reason of the liquidation or

re-employment of deposits or other funds acquired by such Lender to fund or maintain any

Eurodollar Loan or Swingline Loan bearing interest at the Swingline Lender’s Quoted Rate or the

relending or reinvesting of such deposits or amounts paid or prepaid to such Lender) as a result of:

 (a) any payment, prepayment or conversion of a Eurodollar Loan or such

Swingline Loan on a date other than the last day of its Interest Period, 

 (b) any failure (because of a failure to meet the conditions of Section 7 or

otherwise) by the Borrower to borrow or continue a Eurodollar Loan or such Swingline

Loan, or to convert a Base Rate Loan into a Eurodollar Loan or such Swingline Loan on

the date specified in a notice given pursuant to Section 2.6(a) or 2.2(b),

 (c) any failure by the Borrower to make any payment of principal on any

Eurodollar Loan or such Swingline Loan when due (whether by acceleration or otherwise),

or

 (d) any acceleration of the maturity of a Eurodollar Loan or such Swingline

Loan as a result of the occurrence of any Event of Default hereunder,

-64-

then, upon the demand of such Lender, the Borrower shall pay to such Lender such amount as will

reimburse such Lender for such loss, cost or expense. If any Lender makes such a claim for

compensation, it shall provide to the Borrower, with a copy to the Administrative Agent, a

certificate setting forth the amount of such loss, cost or expense in reasonable detail and the

amounts shown on such certificate shall be conclusive

absent manifest error.

Section 4.6. Discretion of Lender as to Manner of Funding. 

Notwithstanding any other

provision of this Agreement, each Lender shall be entitled to fund and maintain its funding of all

or any part of its Loans in any manner it sees fit, it being understood, however, that for the purposes

of this Agreement all determinations hereunder with respect to Eurodollar Loans shall be made as

if each Lender had actually funded and maintained each Eurodollar Loan through the purchase of

deposits in the interbank euro dollar market having a maturity corresponding to such Loan’s

Interest Period, and bearing an interest rate equal to LIBOR for such Interest Period.

Section 4.7. Lending Offices; Mitigation Obligations. 

Each Lender may, at its option,

elect to make its Loans hereunder at the branch, office or affiliate specified in its Administrative

Questionnaire (each a

“Lending Office”

) for each type of Loan available hereunder or at such other

of its branches, offices or affiliates as it may from time to time elect and designate in a written

notice to the Borrower and the Administrative Agent. 

If any Lender requests compensation under

Section 4.4, or requires the Borrower to pay any Indemnified Taxes or additional amounts to any

Lender or any Governmental Authority for the account of any Lender pursuant to Section 4.1, then

such Lender shall (at the request of the Borrower) use reasonable efforts to designate a different

lending office for funding or booking its Loans hereunder or to assign its rights and obligations

hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such

designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 4.1

or 4.4, as the case may be, in the future, and (ii) would not subject such Lender to any unreimbursed

cost or expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby

agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any

such designation or assignment.

S

ECTION

 5. P

LACE AND

A

PPLICATION OF

P

AYMENTS

.

Section 5.1. Place and Application of Payments.

 All payments of principal of and interest

on the Loans and the Reimbursement Obligations, and all other Obligations payable by the

Borrower under this Agreement and the other Loan Documents, shall be made by the Borrower to

the Administrative Agent by no later than 2:00 p.m. (Chicago time) on the due date thereof at the

office of the Administrative Agent in Chicago, Illinois (or such other location as the Administrative

Agent may designate to the Borrower), for the benefit of the Lender(s) or L/C Issuer entitled

thereto. Any payments received after such time shall be deemed to have been received by the

Administrative Agent on the next Business Day. All such payments shall be made in U.S. Dollars,

in immediately available funds at the place of payment, in each case without set-off or

counterclaim. The Administrative Agent will promptly thereafter cause to be distributed like funds

relating to the payment of principal or interest on Loans and on Reimbursement Obligations in

which the Lenders have purchased Participating Interests ratably to the Lenders and like funds

relating to the payment of any other amount payable to any Lender to such Lender, in each case to

be applied in accordance with the terms of this Agreement. Unless the Administrative Agent shall

-65-

have received notice from the Borrower prior to the date on which any payment is due to the

Administrative Agent for the account of the Lenders or the L/C Issuers hereunder that the Borrower

will not make such payment, the Administrative Agent may assume that the Borrower has made

such payment on such date in accordance herewith and may, in reliance upon such assumption,

distribute to the Lenders or the L/C Issuers, as the case may be, the amount due. With respect to

any payment that the Administrative Agent makes to any Lender, L/C Issuer or other secured party

hereunder as to which Administrative Agent determines (in its sole and absolute discretion) that

any of the following applies (such payment referred to as the

“Rescindable Amount”

): (1) the

Borrowers have not in fact made the corresponding payment to the Administrative Agent; (2) the

Administrative Agent has made a payment in excess of the amount(s) received by it from the

Borrowers either individually or in the aggregate (whether or not then owed); or (3) the

Administrative Agent has for any reason otherwise erroneously made such payment; then each of

the Lenders, the L/C Issuer and the other Affiliates of the Lenders that are secured parties

hereunder severally agrees to repay to the Administrative Agent forthwith on demand the

Rescindable Amount so distributed to such Person, in immediately available funds with interest

thereon, for each day from and including the date such amount is distributed to it to but excluding

the date of payment to the Administrative Agent, at the greater of the Federal Funds Rate and a

rate determined by the Administrative Agent in accordance with banking industry rules on

interbank compensation.

Section 5.2. Non-Business Days. 

Subject to the definition of Interest Period, if any

payment hereunder becomes due and payable on a day which is not a Business Day, the due date

of such payment shall be extended to the next succeeding Business Day on which date such

payment shall be due and payable. In the case of any payment of principal falling due on a day

which is not a Business Day, interest on such principal amount shall continue to accrue during

such extension at the rate per annum then in effect, which accrued amount shall be due and payable

on the next scheduled date for the payment of interest.

 Section 5.3. Payments Set Aside

. To the extent that any payment by or on behalf of the

Borrower or any other Loan Party is made to the Administrative Agent, any L/C Issuer or any

Lender, or the Administrative Agent, any L/C Issuer 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, such L/C Issuer 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 and each L/C

Issuer 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 greater of the Federal Funds Rate and a rate determined by the Administrative

Agent in accordance with banking industry rules on interbank compensation for each such day.

 Section 5.4. Account Debit

. The Borrower hereby irrevocably authorizes the

Administrative Agent, upon at least two (2) business days prior notice to Borrower, to charge any

-66-

of the Borrower’s deposit accounts maintained with the Administrative Agent for the amounts

from time to time necessary to pay any then due Obligations;

provided

 that

the Borrower

acknowledges and agrees that the Administrative Agent shall not be under an obligation to do so

and the Administrative Agent shall not incur any liability to the Borrower or any other Person for

the Administrative Agent’s failure to do so.

S

ECTION

 6. R

EPRESENTATIONS AND

W

ARRANTIES

.

Each Loan Party represents and warrants to the Administrative Agent and the Lenders as

follows:

Section 6.1. Organization and Qualification

. Each Loan Party is duly organized, validly

existing, and in good standing as a corporation, limited liability company, or partnership, as

applicable, under the laws of the jurisdiction in which it is organized, has the authority and power

to own its Property and conduct its business as now conducted, and is duly qualified and in good

standing in each jurisdiction in which the nature of the business conducted by it or the nature of

the Property owned or leased by it requires such qualifying, except where the failure to do so would

not have a Material Adverse Effect.

Section 6.2. Subsidiaries

. Each Subsidiary that is not a Loan Party is duly organized,

validly existing, and in good standing under the laws of the jurisdiction in which it is organized,

has the authority and power to own its Property and conduct its business as now conducted, and is

qualified and in good standing in each jurisdiction in which the nature of the business conducted

by it or the nature of the Property owned or leased by it requires such qualifying, except where the

failure to do so would not have a Material Adverse Effect. Schedule 6.2 hereto identifies each

Subsidiary (including Subsidiaries that are Loan Parties), the jurisdiction of its organization, the

percentage of issued and outstanding shares of each class of its capital stock or other equity

interests owned by any Loan Party and its Subsidiaries and, if such percentage is not 100%

(excluding directors’ qualifying shares as required by law), a description of each class of its

authorized capital stock and other equity interests and the number of shares of each class issued

and outstanding. All of the outstanding shares of capital stock and other equity interests of each

Subsidiary are validly issued and outstanding and fully paid and nonassessable and all such shares

and other equity interests indicated on Schedule 6.2 as owned by the relevant Loan Party or another

Subsidiary are owned, beneficially and of record, by such Loan Party or such Subsidiary free and

clear of all Liens otherwise permitted by this Agreement. There are no outstanding commitments

or other obligations of any Subsidiary to issue, and no options, warrants or other rights of any

Person to acquire, any shares of any class of capital stock or other equity interests of any

Subsidiary.

Section 6.3. Authority and Validity of Obligations

. Each Loan Party has the right and

authority to enter into this Agreement and the other Loan Documents executed by it, to make the

borrowings herein provided for (in the case of the Borrower), to guarantee the Secured Obligations

(in the case of each Guarantor), to grant to the Administrative Agent the Liens described in the

Collateral Documents executed by such Loan Party, and to perform all of its obligations hereunder

and under the other Loan Documents executed by it. The Loan Documents delivered by the Loan

Parties and their Subsidiaries have been duly authorized, executed, and delivered by such Persons

-67-

and constitute valid and binding obligations of such Loan Parties and their Subsidiaries enforceable

against each of them in accordance with their terms, except as enforceability may be limited by

bankruptcy, insolvency, fraudulent conveyance or similar laws affecting creditors’ rights generally

and general principles of equity (regardless of whether the application of such principles is

considered in a proceeding in equity or at law); and this Agreement and the other Loan Documents

do not, nor does the performance or observance by any Loan Party or any Subsidiary of any of the

matters and things herein or therein provided for, (a) contravene or constitute a default under any

provision of law or any judgment, injunction, order or decree binding upon any Loan Party or any

Subsidiary of a Loan Party or any provision of the organizational documents (

e.g.,

 charter,

certificate or articles of incorporation and by-laws, certificate or articles of association and

operating agreement, partnership agreement, or other similar organizational documents) of any

Loan Party or any Subsidiary of a Loan Party, (b) contravene or constitute a default under any

covenant, indenture or agreement of or affecting any Loan Party or any Subsidiary of a Loan Party

or any of their respective Property, in each case where such contravention or default, individually

or in the aggregate, could reasonably be expected to have a Material Adverse Effect, or (c) result

in the creation or imposition of any Lien on any Property of any Loan Party or any Subsidiary of

a Loan Party other than the Liens granted in favor of the Administrative Agent pursuant to the

Collateral Documents.

Section 6.4. Use of Proceeds; Margin Stock

. The Borrower shall use the proceeds of the

Revolving Facility to finance Capital Expenditures, to finance Permitted Acquisitions and for its

general working capital purposes and for such other legal and proper purposes as are consistent

with all applicable laws and to pay certain fees and expenses associated with closing of this

Agreement. No Loan Party nor any of its Subsidiaries is engaged in the business of extending

credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U

of the Board of Governors of the Federal Reserve System), and no part of the proceeds of any Loan

or any other extension of credit made hereunder will be used to purchase or carry any such margin

stock or to extend credit to others for the purpose of purchasing or carrying any such margin stock. 

Margin stock (as hereinabove defined) constitutes less than 25% of the assets of the Loan Parties

and their Subsidiaries which are subject to any limitation on sale, pledge or other restriction

hereunder.

Section 6.5. Financial Reports

. The consolidated balance sheet of the Borrower and its

Subsidiaries as of May 29, 2021, and the related consolidated statements of operations,

comprehensive income (loss), stockholder’s equity and cash flows of the Borrower and its

Subsidiaries for the fiscal year then ended, and accompanying notes thereto, which financial

statements are accompanied by the audit report of Frost, PLLC, independent public accountants,

and the unaudited interim consolidated balance sheet of the Borrower and its Subsidiaries as of

August 28, 2021, and the related consolidated statements of operations, comprehensive

income(loss), shareholder’s equity and cash flows of the Borrower and its Subsidiaries

for the

three (3) months then ended, heretofore furnished to the Administrative Agent and the Lenders,

fairly present in all material respects the consolidated financial condition of the Borrower and its

Subsidiaries

at said dates and the consolidated results of their operations and cash flows for the

periods then ended in conformity with GAAP applied on a consistent basis. Neither the Borrower

nor any of its Subsidiaries has contingent liabilities which are material to it other than as indicated

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on such financial statements or, with respect to future periods, on the financial statements furnished

pursuant to Section 8.5. 

Section 6.6. No Material Adverse Change. 

Since May 29, 2021, there has been no change

in the condition (financial or otherwise) or business prospects of any Loan Party or any Subsidiary

of a Loan Party except those occurring in the ordinary course of business or as disclosed in its

filings with the SEC, none of which individually or in the aggregate could reasonably be expected

to have a Material Adverse Effect. 

Section 6.7. Full Disclosure

. The statements and information furnished to the

Administrative Agent and the Lenders in connection with the negotiation of this Agreement and

the other Loan Documents and the commitments by the Lenders to provide all or part of the

financing contemplated hereby do not contain any untrue statements of a material fact or omit a

material fact necessary to make the material statements contained herein or therein not misleading,

the Administrative Agent and the Lenders acknowledging that as to any projections furnished to

the Administrative Agent and the Lenders, the Loan Parties only represent that the same were

prepared on the basis of information and estimates the Loan Parties believed to be reasonable in

light of the then existing conditions. The Administrative Agent and Lenders recognize that any

projections are not to be viewed as facts and that the actual results during the period or periods

covered by such projections may vary from such projections. Notwithstanding the foregoing, it is

understood and agreed that the periodic reports and other information of Borrower filed with the

SEC pursuant to Section 13 of the Exchange Act speak as of the date of such reports or other filings

and not of any subsequent time and, therefore, the representation set forth in the first sentence of

this paragraph is applicable to the information contained in such reports or other filings only as of

the date of such reports or other filings. Additionally, notwithstanding anything to the contrary

contained herein, the representation in the first sentence of this paragraph shall not apply to

forward-looking information contained in the filings made by Borrower with the SEC pursuant to

Section 13 of the Exchange Act, and the Borrowers shall have no liability with respect to such

forward-looking information, except to the extent that Borrower would have liability to investors

in its public securities under the Exchange Act after the application of Section 21E of the Exchange

Act.

Section 6.8. Trademarks, Franchises, and Licenses

. The Loan Parties and their

Subsidiaries own, possess, or have the right to use all necessary patents, licenses, franchises,

trademarks, trade names, trade styles, copyrights, trade secrets, know how, and confidential

commercial and proprietary information to conduct their businesses as now conducted, without

known conflict with any patent, license, franchise, trademark, trade name, trade style, copyright

or other proprietary right of any other Person.

Section 6.9. Governmental Authority and Licensing.

 The Loan Parties and their

Subsidiaries have received all licenses, permits, and approvals of all federal, state, and local

governmental authorities, if any, necessary to conduct their businesses, in each case where the

failure to obtain or maintain the same could reasonably be expected to have a Material Adverse

Effect. No investigation or proceeding which, if adversely determined, could reasonably be

expected to result in revocation or denial of any material license, permit or approval is pending or,

to the knowledge of any Loan Party, threatened in writing.

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Section 6.10. Good Title

. The Borrower and its Subsidiaries have good and defensible title

(or valid leasehold interests) to their assets as reflected on the most recent consolidated balance

sheet of the Borrower and its Subsidiaries furnished to the Administrative Agent and the Lenders

(except for sales of assets in the ordinary course of business), subject to no Liens other than such

thereof as are permitted by Section 8.8. 

Section 6.11. Litigation and Other Controversies. 

Except as set forth in Schedule 6.11,

there is no litigation or governmental or arbitration proceeding or labor controversy pending, nor

to the knowledge of any Loan Party threatened, against any Loan Party or any Subsidiary of a

Loan Party or any of their respective Property which if adversely determined, individually or in

the aggregate, could reasonably be expected to have a Material Adverse Effect.

Section 6.12. Taxes

. All federal and material state, local, and foreign Tax returns required

to be filed by any Loan Party or any Subsidiary of a Loan Party in any jurisdiction have, in fact,

been filed, and all Taxes upon any Loan Party or any Subsidiary of a Loan Party or upon any of

their respective Property, income or franchises, which are shown to be due and payable in such

returns, have been paid, except such Taxes, if any, as are being contested in good faith and by

appropriate proceedings which prevent enforcement of the matter under contest and as to which

adequate reserves established in accordance with GAAP have been provided. No Loan Party

knows of any proposed additional Tax assessment against it or its Subsidiaries for which adequate

provisions in accordance with GAAP have not been made on their accounts. Adequate provisions

in accordance with GAAP for Taxes on the books of each Loan Party and each of its Subsidiaries

have been made for all open years, and for its current fiscal period.

Section 6.13. Approvals

. No authorization, consent, license or exemption from, or filing

or registration with, any court or governmental department, agency or instrumentality, nor any

approval or consent of any other Person, is or will be necessary to the valid execution, delivery or

performance by any Loan Party or any Subsidiary of a Loan Party of any Loan Document, except

for (i) such approvals which have been obtained prior to the date of this Agreement and remain in

full force and effect and (ii) filings which are necessary to perfect the security interests under the

Collateral Documents.

Section 6.14. Affiliate Transactions . 

No Loan Party nor any of its Subsidiaries is a party

to any contracts or agreements with any of its Affiliates on terms and conditions which are less

favorable to such Loan Party or such Subsidiary than would be usual and customary in similar

contracts or agreements between Persons not affiliated with each other.

Section 6.15. Investment Company. 

No Loan Party nor any of its Subsidiaries is an

“investment company” or a company “controlled” by an “investment company” within the

meaning of the Investment Company Act of 1940, as amended. 

 Section 6.16. ERISA

. Except as would not reasonably be expected to result in a Material

Adverse Effect, each Loan Party and each other member of its Controlled Group has fulfilled its

obligations under the minimum funding standards of and is in compliance in all material respects

with ERISA and the Code to the extent applicable to it and has not incurred any liability to the

PBGC or a Plan under Title IV of ERISA other than a liability to the PBGC for premiums under

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Section 4007 of ERISA. Except as would not reasonably be expected to result in a Material

Adverse Effect, no Loan Party or any of its Subsidiaries has any contingent liabilities with respect

to any post-retirement benefits under a Welfare Plan, other than liability for continuation coverage

described in article 6 of Title I of ERISA.

Section 6.17. Compliance with Laws

. (a) The Loan Parties and their Subsidiaries are in

compliance with all Legal Requirements applicable to or pertaining to their Property or business

operations, where any such non-compliance, individually or in the aggregate, could reasonably be

expected to have a Material Adverse Effect. 

 (b) Except for such matters, individually or in the aggregate, which could not reasonably

be expected to result in a Material Adverse Effect, the Loan Parties represent and warrant that: 

(i) the Loan Parties and their Subsidiaries, and each of the Premises, comply in all material respects

with all applicable Environmental Laws; (ii) the Loan Parties and their Subsidiaries have obtained,

maintain and are in compliance with all approvals, permits, or authorizations of Governmental

Authorities required for their operations and each of the Premises; (iii) the Loan Parties and their

Subsidiaries have not, and no Loan Party has knowledge of any other Person who has, caused any

Release, threatened Release or disposal of any Hazardous Material or any other waste or product,

including manure, at, on, or from any of the Premises in violation of any Environmental Laws;

(iv) the Loan Parties and their Subsidiaries are not subject to and have not received written notice

of any material Environmental Claim involving any Loan Party or any Subsidiary of a Loan Party

or any of the Premises, and, to the knowledge of the Loan Parties and their Subsidiaries, there are

no conditions or occurrences at any of the Premises which could reasonably be anticipated to form

the basis for such a material Environmental Claim; (v) none of the Premises contain and have

contained any sites on or nominated for the National Priority List or similar state list; (vi) the Loan

Parties and their Subsidiaries have conducted no Hazardous Material Activity at any of the

Premises except in compliance with Environmental Laws; (vii) except for permits, licenses and

other legal requirements required in the ordinary course of business none of the Premises are

subject to any, and no Loan Party has knowledge of any imminent, restriction on the ownership,

occupancy, use or transferability of the Premises in connection with any (1) Environmental Law

or (2) Release, threatened Release or disposal of a Hazardous Material, waste or product; and

(viii) the Loan Parties and their Subsidiaries have no knowledge of any material capital

expenditures necessary to bring the Premises or their respective businesses or equipment into

compliance with Environmental Laws. 

 (c) Each Loan Party and each of its Subsidiaries is in material compliance with all

Anti-Corruption Laws. To the knowledge of the Responsible Officers of the Loan Parties, no Loan

Party nor any Subsidiary has made a payment, offering, or promise to pay, or authorized the

payment of, money or anything of value (a) in order to assist in obtaining or retaining business for

or with, or directing business to, any foreign official, foreign political party, party official or

candidate for foreign political office, (b) to a foreign official, foreign political party or party

official or any candidate for foreign political office, and (c) with the intent to induce the recipient

to misuse his or her official position to direct business wrongfully to such Loan Party or such

Subsidiary or to any other Person, in violation of any Anti-Corruption Laws, which could

reasonably be expected to result in a Material Adverse Effect.

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Section 6.18. OFAC

. (a) Each Loan Party is in compliance in all material respects with the

requirements of all OFAC Sanctions Programs applicable to it, (b) each Subsidiary of each Loan

Party is in compliance in all material respects with the requirements of all OFAC Sanctions

Programs applicable to such Subsidiary, (c) each Loan Party has provided to the Administrative

Agent, the L/C Issuer, and the Lenders all information requested by them regarding such Loan

Party and its Affiliates and Subsidiaries necessary for the Administrative Agent, the L/C Issuer,

and the Lenders to comply with all applicable OFAC Sanctions Programs, and (d) no Loan Party

nor any of its Subsidiaries nor, to the knowledge of any Loan Party, any officer, director or Affiliate

of any Loan Party or any of its Subsidiaries, is a Person, that is, or is owned or controlled by

Persons that are, (i) the target of any OFAC Sanctions Programs or (ii) located, organized or

resident in a country or territory that is, or whose government is, the subject of any OFAC

Sanctions Programs.

Section

6.19.

Labor Matters. 

There are no strikes, lockouts or slowdowns against any Loan

Party or any Subsidiary of a Loan Party pending or, to the knowledge of any Loan Party,

threatened. There are no collective bargaining agreements in effect between any Loan Party or

any Subsidiary of a Loan Party and any labor union; and no Loan Party nor any of its Subsidiaries

is under any obligation to assume any collective bargaining agreement to or conduct any

negotiations with any labor union with respect to any future agreements. Each Loan Party and its

Subsidiaries have remitted on a timely basis all amounts required to have been withheld and

remitted (including withholdings from employee wages and salaries relating to income tax,

employment insurance, and pension plan contributions), goods and services tax and all other

amounts which if not paid when due could result in the creation of a Lien against any of its

Property, except for Liens permitted by Section 8.8, or which would not reasonably be expected

to result in a Material Adverse Effect or which are being contested in good faith by appropriate

proceedings which prevent enforcement of any Lien with respect thereto.

Section 6.20. Other Agreements

. No Loan Party nor any of its Subsidiaries is in default

under the terms of any covenant, indenture or agreement of or affecting such Person or any of its

Property, which default if uncured could reasonably be expected to have a Material Adverse Effect. 

Section 6.21. Solvency

. The Loan Parties and their Subsidiaries are solvent, able to pay

their debts as they become due, and have sufficient capital to carry on their business and all

businesses in which they are about to engage.

Section 6.22. No Default. 

No Default has occurred and is continuing.

Section 6.23. No Broker Fees. 

No broker’s or finder’s fee or commission will be payable

with respect hereto or any of the transactions contemplated thereby; and the Loan Parties hereby

agree to indemnify the Administrative Agent, the L/C Issuer, and the Lenders against, and agree

that they will hold the Administrative Agent, the L/C Issuer, and the Lenders harmless from, any

claim, demand, or liability for any such broker’s or finder’s fees alleged to have been incurred in

connection herewith or therewith and any expenses (including reasonable attorneys’ fees) arising

in connection with any such claim, demand, or liability.

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S

ECTION

 7. C

ONDITIONS

P

RECEDENT

.

Section 7.1. All Credit Events

. At the time of each Credit Event hereunder:

 (a) each of the representations and warranties set forth herein and in the other

Loan Documents shall be and remain true and correct in all material respects as of said

time (where not already qualified by materiality, otherwise in all respects), except to the

extent the same expressly relate to an earlier date, in which case they shall be true and

correct in all material respects (where not already qualified by materiality, otherwise in all

respects) as of such earlier date;

 (b) no Default shall have occurred and be continuing or would occur as a result

of such Credit Event; 

 (c) after giving effect to such extension of credit the aggregate principal amount

of all Swingline Loans, Revolving Loans and L/C Obligations outstanding under this

Agreement shall not exceed the Revolving Credit Commitments; 

 (d) in the case of a Borrowing the Administrative Agent shall have received the

notice required by Section 2.6, in the case of the issuance of any Letter of Credit the

L/C Issuer shall have received a duly completed Application for such Letter of Credit

together with any fees called for by Section 3.1, and, in the case of an extension or increase

in the amount of a Letter of Credit, a written request therefor in a form acceptable to the

L/C Issuer together with fees called for by Section 3.1; and

 (e) such Credit Event shall not violate any order, judgment or decree of any

court or other authority or any provision of law or regulation applicable to the

Administrative Agent, the L/C Issuer or any Lender (including, without limitation,

Regulation U of the Board of Governors of the Federal Reserve System) as then in effect.

Each request for a Borrowing hereunder and each request for the issuance of, increase in

the amount of, or extension of the expiration date of, a Letter of Credit shall be deemed to be a

representation and warranty by the Borrower on the date on such Credit Event as to the facts

specified in subsections (a) through (d), both inclusive, of this Section;

provided, however,

that the

Lenders may continue to make advances under the Revolving Facility, in the sole discretion of the

Lenders with Revolving Credit Commitments, notwithstanding the failure of the Borrower to

satisfy one or more of the conditions set forth above and any such advances so made shall not be

deemed a waiver of any Default or other condition set forth above that may then exist. 

Section 7.2. Initial Credit Event. 

Before or concurrently with the Initial Credit Event:

 (a) the Administrative Agent shall have received this Agreement duly executed

by the Borrower and its Wholly-owned Subsidiaries that are Domestic Subsidiaries, as

Guarantors, the L/C Issuer, and the Lenders;

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 (b) if requested by any Lender, the Administrative Agent shall have received

for such Lender such Lender’s duly executed Notes of the Borrower dated the date hereof

and otherwise in compliance with the provisions of Section 2.10;

 (c) the Administrative Agent shall have received the Reaffirmation,

Modification and Omnibus Joinder Agreement dated as of the date hereof, duly executed

by the Loan Parties, together with (i) UCC financing statements to be filed against each

Loan Party, as debtor, in favor of the Administrative Agent, as secured party, and

(ii) deposit account control agreements to the extent requested by the Administrative

Agent; 

 (d) the Administrative Agent shall have received evidence of insurance in form

and substance satisfactory to the Administrative Agent;

 (e) the Administrative Agent shall have received copies of each Loan Party’s

articles of incorporation and bylaws (or comparable organizational documents) and any

amendments thereto, certified in each instance by its Secretary or Assistant Secretary (or

comparable Responsible Officer);

 (f) the Administrative Agent shall have received copies of resolutions of each

Loan Party’s Board of Directors (or similar governing body) authorizing the execution,

delivery and performance of this Agreement and the other Loan Documents to which it is

a party and the consummation of the transactions contemplated hereby and thereby,

together with specimen signatures of the persons authorized to execute such documents on

each Loan Party’s behalf, all certified in each instance by its Secretary or Assistant

Secretary (or comparable Responsible Officer);

 (g) the Administrative Agent shall have received copies of the certificates of

good standing for each Loan Party (dated no earlier than 30 days prior to the date hereof)

from the office of the secretary of the state of its incorporation or organization;

 (h) the Administrative Agent shall have received a list of the Borrower’s

Authorized Representatives, which may be included in the certificate of the Secretary or

Assistant Secretary (or comparable Responsible Officer) referenced in Sections 7.1(e) and

(f);

 (i)

Reserved

;

 (j) the Administrative Agent shall have received the initial fees called for by

Section 3.1;

 (k) each Lender shall have received (i) audited financial statements and

unaudited monthly financial statements (including an income statement, a balance sheet,

and a cash flow statement) of the Loan Parties for the prior 3 years, including unaudited

quarterly financial statements for the period ended August 28, 2021, and 5-year projected

financial statements, certified to by a Financial Officer of the Borrower (and each Lender

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hereby acknowledges that it has received copies of each of the foregoing items); and (ii) a

certificate from a Responsible Officer of the Borrower certifying that since May 29, 2021,

no Material Adverse Effect has occurred;

 (l) the Administrative Agent shall have received financing statement, tax, and

judgment lien search results against each Loan Party and its Property evidencing the

absence of Liens thereon except as permitted by Section 8.8;

 (m) the Administrative Agent shall have received the favorable written opinion

of counsel to each Loan Party, in form and substance satisfactory to the Administrative

Agent; 

 (n) each of the Lenders shall have received, sufficiently in advance of the

Closing Date, all documentation and other information requested by any such Lender

required by bank regulatory authorities under applicable “know your customer” and

anti-money laundering rules and regulations, including without limitation, the United

States Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001))

including, without limitation, the information described in Section 13.24; and the

Administrative Agent shall have received a fully executed Internal Revenue Service Form

W-9 (or its equivalent) for the Borrower and each other Loan Party;

 (o) at least 5 days prior to the Closing Date, any Borrower that qualifies as a

“legal entity customer” under the Beneficial Ownership Regulation shall deliver a

Beneficial Ownership Certification in relation to such Borrower; and

 (p) the Administrative Agent shall have received such other agreements,

instruments, documents, certificates, and opinions as the Administrative Agent may

reasonably request. 

S

ECTION

 8. C

OVENANTS

.

Each Loan Party agrees that, so long as any credit is available to or in use by the Borrower

hereunder, except to the extent compliance in any case or cases is waived in writing pursuant to

the terms of Section 13.3.

Section 8.1. Maintenance of Business.

 (a) Each Loan Party shall, and shall cause each of its Subsidiaries to, preserve and

maintain its existence, except as otherwise provided in Section 8.10(c);

provided, however,

 that

nothing in this Section shall prevent the Borrower from dissolving any of its Subsidiaries if such

action is, in the reasonable business judgment of the Borrower, desirable in the conduct of its

business and is not disadvantageous in any material respect to the Lenders. 

 (b) Each Loan Party shall, and shall cause each of its Subsidiaries to, preserve and keep

in force and effect all licenses, permits, franchises, approvals, patents, trademarks, trade names,

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trade styles, copyrights, and other proprietary rights necessary to the proper conduct of its business

where the failure to do so could reasonably be expected to have a Material Adverse Effect.

 Section 8.2. Maintenance of Properties. 

Each Loan Party shall, and shall cause each of

its Subsidiaries to, maintain, preserve, and keep its property, plant, and equipment in good repair,

working order and condition (ordinary wear and tear excepted), and shall from time to time make

such repairs, renewals, replacements, additions, and betterments thereto as it deems appropriate in

its reasonable business judgment so that the usefulness thereof shall be preserved and maintained,

except to the extent that, in the reasonable business judgment of such Person, any such Property is

no longer necessary for the proper conduct of the business of such Person.

Section 8.3. Taxes and Assessment

s. Each Loan Party shall duly pay and discharge, and

shall cause each of its Subsidiaries to duly pay and discharge, all federal and material state, local,

and foreign Taxes, rates, assessments, fees, and governmental charges upon or against it or its

Property, in each case before the same become delinquent and before penalties accrue thereon,

unless and to the extent that the same are being contested in good faith and by appropriate

proceedings which prevent enforcement of the matter under contest and adequate reserves are

provided therefor.

Section 8.4. Insurance. 

Each Loan Party shall insure and keep insured, and shall cause

each of its Subsidiaries to insure and keep insured, with good and responsible insurance

companies, all insurable Property owned by it which is of a character usually insured by Persons

similarly situated and operating like Properties against loss or damage from such hazards and risks

(including flood insurance with respect to any improvements on real Property consisting of

building or parking facilities in an area designated by a governmental body as having special flood

hazards), and in such amounts and with such deductibles, as are insured by Persons similarly

situated and operating like Properties, but in no event at any time in an amount less than the

replacement value of the Collateral, subject to deductibles. Each Loan Party shall also maintain,

and shall cause each of its Subsidiaries to maintain, insurance with respect to the business of such

Loan Party and its Subsidiaries, covering commercial general liability, statutory worker’s

compensation and occupational disease, statutory structural work act liability, and business

interruption and such other risks with good and responsible insurance companies, in such amounts

and on such terms as the Administrative Agent or the Required Lenders shall reasonably request,

but in any event as and to the extent usually insured by Persons similarly situated and conducting

similar businesses. The Loan Parties shall in any event maintain insurance on the Collateral to the

extent required by the Collateral Documents. All such policies of insurance shall contain

satisfactory mortgagee/lender’s loss payable endorsements, naming the Administrative Agent (or

its security trustee) as mortgagee or a loss payee, assignee or additional insured, as appropriate, as

its interest may appear, and showing only such other loss payees, assignees and additional insureds

as are satisfactory to the Administrative Agent. Each policy of insurance or endorsement shall

contain a clause requiring the insurer to give not less than thirty (30) days’ (ten (10) days’ in the

case of nonpayment of insurance premiums) prior written notice to the Administrative Agent in

the event of cancellation of the policy for any reason whatsoever. The Borrower shall deliver to

the Administrative Agent (a) on the Closing Date and at such other times as the Administrative

Agent shall reasonably request, certificates evidencing the maintenance of insurance required

hereunder, (b) prior to the termination of any such policies, certificates evidencing the renewal

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thereof, and (c) promptly following request by the Administrative Agent, copies of all insurance

policies of the Loan Parties and their Subsidiaries. The Borrower also agrees to deliver to the

Administrative Agent, promptly as rendered, true copies of all reports made in any reporting forms

to insurance companies.

Section 8.5. Financial Reports. 

The Loan Parties shall, and shall cause each of their

Subsidiaries to, maintain proper books of records and accounts reasonably necessary to prepare

financial statements required to be delivered pursuant to this Section 8.5 in accordance with GAAP

and shall furnish to the Administrative Agent and each Lender:

 (a) as soon as available, and in any event no later than 45 days after the last day

of each fiscal quarter of each fiscal year of the Borrower, a copy of the consolidated balance

sheet of the Borrower and its Subsidiaries

as of the last day of such fiscal quarter and the

related consolidated statement of operations, comprehensive income (loss), shareholder’s

equity, and cash flows of the Borrower and its Subsidiaries for the fiscal quarter and for

the fiscal year-to-date period then ended, each in reasonable detail showing in comparative

form the figures for the corresponding date and period in the previous fiscal year, prepared

by the Borrower in accordance with GAAP (subject to the absence of footnote disclosures

and year-end audit adjustments) and certified to by a Financial Officer of the Borrower;

 (b) as soon as available, and in any event no later than 90 days after the last day

of each fiscal year of the Borrower, a copy of the consolidated balance sheet of the

Borrower and its Subsidiaries as of the last day of the fiscal year then ended and the related

consolidated statement of operations, comprehensive income (loss), shareholder’s equity,

and cash flows of the Borrower and its Subsidiaries for the fiscal year then ended, and

accompanying notes thereto, each in reasonable detail showing in comparative form the

figures for the previous fiscal year, accompanied in the case of the consolidated financial

statements by an unqualified opinion of Frost, PLLC or another firm of independent public

accountants of recognized standing, selected by the Borrower and reasonably satisfactory

to the Administrative Agent, to the effect that the consolidated financial statements have

been prepared in accordance with GAAP and present fairly in all material respects in

accordance with GAAP the consolidated financial condition of the Borrower and its

Subsidiaries as of the close of such fiscal year and the results of their operations for the

fiscal year then ended and that an examination of such accounts in connection with such

financial statements has been made in accordance with generally accepted auditing

standards and, accordingly, such examination included such tests of the accounting records

and such other auditing procedures as were considered necessary in the circumstances; 

 (c) promptly after receipt thereof, any additional written reports, management

letters or other detailed information contained in writing concerning significant aspects of

any Loan Party’s or any of its Subsidiary’s operations and financial affairs given to it by

its independent public accountants;

 (d) promptly after the sending or filing thereof, copies of each financial

statement, report, notice or proxy statement sent by any Loan Party or any Subsidiary of a

Loan Party to its stockholders or other equity holders, and copies of each regular, periodic

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or special report, registration statement or prospectus (including all Form 10-K, Form 10-Q

and Form 8-K reports) filed by any Loan Party or any Subsidiary of a Loan Party with any

securities exchange or the SEC or any successor agency;

 (e) promptly after receipt thereof, a copy of any financial audit report made by

any regulatory agency of the books and records of any Loan Party or any Subsidiary of a

Loan Party that gives notice of any noncompliance with any applicable law, regulation or

guideline relating to any Loan Party or any Subsidiary of a Loan Party or their respective

business which could reasonably be expected to have a Material Adverse Effect; 

 (f) as soon as available, and in any event no later than 45 days after the end of

each fiscal year of the Borrower, a copy of the consolidated and consolidating business

plan for the Borrower and its Subsidiaries for the following fiscal year, such business plan

to show the projected consolidated and consolidating revenues, expenses and balance sheet

of the Borrower and its Subsidiaries on a quarter-by-quarter basis, such business plan to be

in reasonable detail prepared by the Borrower and in form satisfactory to the

Administrative Agent (which shall include a summary of all assumptions made in

preparing such business plan);

 (g) notice of any Change of Control; 

 (h) promptly after knowledge thereof shall have come to the attention of any

Responsible Officer of any Loan Party, written notice of (i) any threatened or pending

litigation or governmental or arbitration proceeding or labor controversy against any Loan

Party or any Subsidiary of a Loan Party or any of their Property which, if adversely

determined, could reasonably be expected to have a Material Adverse Effect and would

require disclosure in a report to be filed with the SEC under the Exchange Act, (ii) the

occurrence of any Material Adverse Effect, or (iii) the occurrence of any Default; 

 (i) with each of the financial statements delivered pursuant to subsections (a)

and (b) above, a written certificate in the form attached hereto as Exhibit E signed by a

Financial Officer of the Borrower to the effect that to the best of such officer’s knowledge

and belief no Default has occurred during the period covered by such statements or, if any

such Default has occurred during such period, setting forth a description of such Default

and specifying the action, if any, taken by the relevant Loan Party or its Subsidiary to

remedy the same. Such certificate shall also set forth the calculations supporting such

statements in respect of Section 8.22

(Financial Covenants); 

 (j)

Reserved

; and

 (k) promptly, from time to time, such other information regarding the

operations, business affairs and financial condition of any Loan Party or any Subsidiary of

a Loan Party, or compliance with the terms of any Loan Document, as the Administrative

Agent or any Lender may reasonably request.

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Section 8.6. Inspection; Field Audits

. Each Loan Party shall, and shall cause each of its

Subsidiaries to, permit the Administrative Agent and each Lender, and each of their duly

authorized representatives and agents to visit and inspect any of its Property, corporate books, and

financial records, to examine and make copies of its books of accounts and other financial records,

and to discuss its affairs, finances, and accounts with, and to be advised as to the same by, its

officers, employees and independent public accountants (and by this provision the Loan Parties

hereby authorize such accountants to discuss with the Administrative Agent and such Lenders the

finances and affairs of the Loan Parties and their Subsidiaries) at such reasonable times and

intervals as the Administrative Agent or any such Lender may designate and, so long as no Default

exists, with reasonable prior notice to the Borrower and compliance with the Borrower’s

customary on-site policies applicable to visitors (bio-security, etc.). The Borrower shall pay to the

Administrative Agent charges for field audits of the Collateral, inspections and visits to Property,

inspections of corporate books and financial records, examinations and copies of books of accounts

and financial record and other activities permitted in this Section performed by the Administrative

Agent or its agents or third party firms, in such amounts as the Administrative Agent may from

time to time request (the Administrative Agent acknowledging and agreeing that any internal

charges for such audits and inspections shall be computed in the same manner as it at the time

customarily uses for the assessment of charges for similar collateral audits);

provided, however,

that in the absence of any Default, the Borrower shall not be required to pay the Administrative

Agent for more than one (1) such audit per calendar year.

Section 8.7.

Borrowings and Guaranties. 

No Loan Party shall, nor shall it permit any of

its Subsidiaries to, issue, incur, assume, create or have outstanding any Indebtedness, or incur

liabilities under any Hedging Agreement, or be or become liable as endorser, guarantor, surety or

otherwise for any Indebtedness or undertaking of any Person, or otherwise agree to provide funds

for payment of the obligations of another, or supply funds thereto or invest therein or otherwise

assure a creditor of another against loss, or apply for or become liable to the issuer of a letter of

credit which supports an obligation of another, or subordinate any claim or demand it may have to

the claim or demand of any Person;

provided, however,

 that the foregoing shall not restrict nor

operate to prevent:

 (a) the Secured Obligations

of the Loan Parties and their Subsidiaries owing to

the Administrative Agent and the Lenders (and their Affiliates);

 (b) purchase money indebtedness and Capitalized Lease Obligations of the

Loan Parties and their Subsidiaries in an amount not to exceed $20,000,000 in the

aggregate at any one time outstanding;

 (c) obligations of the Loan Parties and their Subsidiaries arising out of interest

rate, foreign currency, and commodity Hedging Agreements entered into with financial

institutions in connection with bona fide hedging activities in the ordinary course of

business and not for speculative purposes;

 (d) endorsement of items for deposit or collection of commercial paper received

in the ordinary course of business; 

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 (e) intercompany advances from time to time owing between any of the Loan

Parties and/or any of their Subsidiaries in the ordinary course of business, provided that

the aggregate amount of all such intercompany advances made to Subsidiaries of a Loan

Party that are not Loan Parties or Subsidiaries of a Loan Party that are not Wholly-owned

Subsidiaries shall not exceed an aggregate amount of $20,000,000 during any fiscal year

of the Borrower;

 (f) existing Indebtedness set forth on Schedule 8.7 hereto;

 (g) Indebtedness owed to any Person providing workers’ compensation, health,

disability or other employee benefits (including contractual and statutory benefits) or

property, casualty, liability or credit insurance, pursuant to reimbursement or

indemnification obligations to such Person, in each case incurred in the ordinary course of

business;

 (h) Indebtedness in respect of bids, trade contracts (other than for debt for

borrowed money), leases (other than Capitalized Lease Obligations), statutory obligations,

surety, stay, customs and appeal bonds, performance, performance and completion and

return of money bonds, government contracts and similar obligations, in each case,

provided in the ordinary course of business;

 (i) Indebtedness in respect of netting services, overdraft protection and similar

arrangements, in each case, in connection with cash management and deposit accounts;

 (j) Indebtedness representing deferred compensation to directors, officers,

employees of any Loan Party or any Subsidiary of a Loan Party incurred in the ordinary

course of business; and 

 (k) Indebtedness consisting of the financing of insurance premiums in the

ordinary course of business; 

 (l) Guarantees by a Loan Party of Indebtedness of another Loan Party

otherwise permitted under this Section;

 (m) Indebtedness arising from agreements of a Loan Party or its Subsidiary

providing for indemnification, adjustment of purchase or acquisition price or similar

obligations, in each case, incurred or assumed in connection with a Permitted Acquisition; 

 (n) Indebtedness of any Person that becomes a Subsidiary after the Closing

Date and Indebtedness acquired or assumed in connection with Permitted Acquisitions, in

an amount not to exceed $50,000,000 in the aggregate at any one time outstanding,

provided

 that such Indebtedness exists at the time the Person becomes a Subsidiary or at

the time of such Permitted Acquisition and is not created in contemplation of or in

connection therewith; 

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 (o) replacements, renewals, re-financings or extensions of any Indebtedness

described in this Section that (i) does not exceed the aggregate principal amount (plus

accrued interest and applicable premium and associated fees and expenses) of the

Indebtedness being replaced, renewed, refinanced or extended, (ii) does not have a

weighted average life to maturity at the time of such replacement, renewal, refinancing or

extension that is less than the weighted average life to maturity of the Indebtedness being

replaced, renewed, refinanced or extended, and (iii) does not rank at the time of such

replacement, renewal, refinancing or extension senior to the Indebtedness being replaced,

renewed, refinanced or extended; 

 (p) unsecured indebtedness of the Loan Parties and their Subsidiaries not

otherwise permitted by this Section in an amount not to exceed $400,000,000 in the

aggregate at any one time outstanding; and

 (q) indebtedness secured by Property of the Loan Parties and their Subsidiaries

(other than the Collateral) in an amount not to exceed $200,000,000 in the aggregate at any

one time outstanding.

Section 8.8. Liens. 

No Loan Party shall, nor shall it permit any of its Subsidiaries to,

create, incur or permit to exist any Lien of any kind on any Property owned by any such Person;

provided, however,

 that the foregoing shall not apply to nor operate to prevent:

 (a) Liens arising by statute in connection with worker’s compensation,

unemployment insurance, old age benefits, social security obligations, Taxes, assessments,

statutory obligations or other similar charges (other than Liens arising under ERISA), good

faith cash deposits in connection with tenders, contracts or leases to which any Loan Party

or any Subsidiary of a Loan Party is a party or other cash deposits required to be made in

the ordinary course of business, provided in each case that the obligation is not for

borrowed money and that the obligation secured is not overdue or, if overdue, is being

contested in good faith by appropriate proceedings which prevent enforcement of the

matter under contest and adequate reserves have been established therefor;

 (b) mechanics’, workmen’s, materialmen’s, landlords’, carriers’ or other

similar Liens arising in the ordinary course of business with respect to obligations which

are not due or which are being contested in good faith by appropriate proceedings which

prevent enforcement of the matter under contest;

 (c) judgment liens and judicial attachment liens not constituting an Event of

Default under Section 9.1(g) and the pledge of assets for the purpose of securing an appeal,

stay or discharge in the course of any legal proceeding, provided that the aggregate amount

of such judgment liens and attachments and liabilities of the Loan Parties and their

Subsidiaries secured by a pledge of assets permitted under this subsection, including

interest and penalties thereon, if any, shall not be in excess of $25,000,000 at any one time

outstanding; 

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 (d) Liens on equipment of any Loan Party or any Subsidiary of a Loan Party

created solely for the purpose of securing indebtedness permitted by Section 8.7(b),

representing or incurred to finance the purchase price of such Property, provided that no

such Lien shall extend to or cover other Property of such Loan Party or such Subsidiary

other than the respective Property so acquired, and the principal amount of indebtedness

secured by any such Lien shall at no time exceed the purchase price of such Property, as

reduced by repayments of principal thereon;

 (e) any interest or title of a lessor under any operating lease, including the filing

of Uniform Commercial Code financing statements solely as a precautionary measure in

connection with operating leases entered into by any Loan Party or any Subsidiary of a

Loan Party in the ordinary course of its business;

 (f) easements, rights-of-way, restrictions, zoning restrictions and other similar

encumbrances against real property incurred in the ordinary course of business which, in

the aggregate, are not substantial in amount and which do not materially detract from the

value of the Property subject thereto or materially interfere with the ordinary conduct of

the business of any Loan Party or any Subsidiary of a Loan Party; 

 (g) bankers’ Liens, rights of setoff and other similar Liens (including under

Section 4-210 of the Uniform Commercial Code) in one or more deposit accounts

maintained by any Loan Party or any Subsidiary of a Loan Party, in each case granted in

the ordinary course of business in favor of the bank or banks with which such accounts are

maintained, securing amounts owing to such bank with respect to cash management and

operating account arrangements, including those involving pooled accounts and netting

arrangements;

provided

 that, unless such Liens are non-consensual and arise by operation

of law, in no case shall any such Liens secure (either directly or indirectly) the repayment

of any Indebtedness;

 (h) Liens granted in favor of the Administrative Agent pursuant to the

Collateral Documents.

 (i) non-exclusive licenses of intellectual property granted in the ordinary

course of business and not interfering in any material respect with the ordinary conduct of

business of any Loan Party or any Subsidiary of a Loan Party;

 (j) Liens on insurance policies and the proceeds thereof securing the financing

of the premiums with respect thereto permitted by Section 8.7(k);

 (k) Liens (i) on cash advances in favor of the seller of any Property to be

acquired in a Permitted Acquisition to be applied against the purchase price for such

Property, or (ii) consisting of an agreement to dispose of any Property in a disposition

permitted under Section 8.10, in each case, solely to the extent such Acquisition or

disposition, as the case may be, would have been permitted on the date of the creation of

such Lien;

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 (l) Liens on Property of a Person existing at the time such Person is acquired

or merged with or into or consolidated with any Loan Party or any Subsidiary of a Loan

Party to the extent permitted hereunder (and not created in anticipation or contemplation

thereof) and securing Indebtedness permitted under Section 8.7(n);

provided

 that such

Liens do not extend to Property not subject to such Liens at the time of acquisition and are

no more favorable to the lienholders than such existing Lien;

 (m) Liens encumbering any Property (other than the Collateral) to secure or

support obligations under or in respect of interest rate, foreign currency, and commodity

Hedging Agreements entered into with financial institutions in connection with bona fide

hedging activities in the ordinary course of business and not for speculative purposes; 

 (n) other Liens existing on the Closing Date and not otherwise permitted above

listed and identified on Schedule 8.8; 

 (o) contracted or statutory liens of landlords to the extent relating to the

property and assets relating to any lease agreement with such landlord and contractual

Liens of suppliers (including sellers of goods) or customers granted in the ordinary course

of business to the extent limited to the property or assets related to such contract;

 (p) Liens on Property of a Person (other than the Collateral) for the purpose of

securing indebtedness permitted by Section 8.7(q) and which do not encumber any

Collateral; and

 (q) other Liens not otherwise permitted in subsections (a)-(p) above granted

with respect to obligations that do not in the aggregate exceed $10,000,000 at any time

outstanding, and which do not encumber any Collateral.

Section 8.9. Investments, Acquisitions, Loans and Advances

. No Loan Party shall, nor

shall it permit any of its Subsidiaries to, directly or indirectly, make, retain or have outstanding

any investments (whether through purchase of stock or obligations or otherwise) in, or loans or

advances to (other than for travel advances and other similar cash advances made to employees in

the ordinary course of business), any other Person, or acquire all or any substantial part of the

assets or business of any other Person or division thereof;

provided, however,

 that the foregoing

shall not apply to nor operate to prevent:

 (a) Cash Equivalents and Marketable Securities;

 (b) the Loan Parties’ existing investments in their respective Subsidiaries

outstanding on the Closing Date; 

 (c) intercompany advances made from time to time between any Loan Party or

Subsidiary of any Loan Party and any other Loan Party or Subsidiary of any Loan Party in

the ordinary course of business, provided that the aggregate amount of all such

intercompany advances made to Subsidiaries of a Loan Party that are not Loan Parties or

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Subsidiaries of a Loan Party that are not Wholly-owned Subsidiaries shall not exceed an

aggregate amount of $20,000,000 during any fiscal year of the Borrower; 

 (d) investments by any Loan Party and its Subsidiaries in connection with

interest rate, foreign currency, and commodity Hedging Agreements entered into with

financial institutions in connection with bona fide hedging activities in the ordinary course

of business and not for speculative purposes;

 (e) promissory notes and other non-cash consideration received in connection

with dispositions permitted by Section 8.10;

 (f) investments (including debt obligations and equity interests) received in

connection with the bankruptcy or reorganization of suppliers and customers and in

settlement of delinquent obligations of, and other disputes with, customers and suppliers

arising in the ordinary course of business and upon the foreclosure with respect to any

secured investment or other transfer of title with respect to any secured investment;

 (g) Permitted Acquisitions; 

 (h) purchases of assets in the ordinary course of business;

 (i) deposits made in the ordinary course of business to secure performance of

leases or other obligations as permitted by Section 8.8;

 (j) other investments existing on the Closing Date not otherwise permitted

above and listed and identified on Schedule 8.9;

 (k) investments in joint ventures in an amount not to exceed $30,000,000 at any

time outstanding, provided that (i) no Default exists both immediately before and after

giving effect to such investment, (ii) after giving pro forma effect to such investment, the

Borrower and its Subsidiaries are in compliance with Section 8.22, and (iii) cash and Cash

Equivalents of the Borrower and its Subsidiaries plus availability under the Revolving

Facility shall equal at least $50,000,000; and

 (l) other investments, loans, and advances in addition to those otherwise

permitted by this Section in an amount not to exceed $25,000,000 in the aggregate at any

one time outstanding.

In determining the amount of investments, acquisitions, loans, and advances permitted under this

Section, investments and acquisitions shall always be taken at the original cost thereof (regardless

of any subsequent appreciation or depreciation therein), less any amount in respect of such

investment upon sale, collection or return (not to exceed the original cost thereof) and loans and

advances shall be taken at the principal amount thereof then remaining unpaid.

Section 8.10. Mergers, Consolidations and Sales. 

No Loan Party shall, nor shall it permit

any of its Subsidiaries to, be a party to any merger or consolidation or amalgamation, or sell,

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transfer, lease or otherwise dispose of all or any material part of its Property, including any

disposition of Property as part of a sale and leaseback transaction, or in any event sell or discount

(with or without recourse) any of its notes or accounts receivable;

provided, however,

 that this

Section shall not apply to nor operate to prevent:

 (a) the sale or lease of inventory in the ordinary course of business;

 (b) the sale, transfer, lease or other disposition of Property of any Loan Party to

one another in the ordinary course of its business; 

 (c) the merger of any Loan Party or any Subsidiary of a Loan Party with and

into the Borrower or any other Loan Party, provided that, in the case of any merger

involving the Borrower or involving a Subsidiary of a Loan Party which is not a Loan

Party, the Borrower, if the Borrower is a party to the merger, or a Loan Party, if the

Borrower is not a party to the merger, is the corporation surviving the merger;

 (d) the sale of delinquent notes or accounts receivable in the ordinary course of

business for purposes of collection only (and not for the purpose of any bulk sale or

securitization transaction);

 (e) the sale, transfer or other disposition of any tangible personal property that,

in the reasonable business judgment of the relevant Loan Party or its Subsidiary, has

become obsolete or worn out, and which is disposed of in the ordinary course of business; 

 (f) the Disposition of Property of any Loan Party or any Subsidiary of a Loan

Party (including any Disposition of Property as part of a sale and leaseback transaction)

aggregating for all Loan Parties and their Subsidiaries not more than $30,000,000 during

any fiscal year of the Borrower,

provided

 that (i) each such Disposition shall be made for

fair value and (ii) at least 80% of the total consideration received at the closing of such

Disposition shall consist of cash and at least 80% of the total consideration received after

taking into account all final purchase price adjustments and/or contingent payments

(including working capital adjustment or earn-out provisions) expressly contemplated by

the transaction documents, when received shall consist of cash; and

 (g) the sale or other Disposition of marketable securities in the ordinary course

of business.

Section 8.11. Maintenance of Subsidiaries. 

No Loan Party shall assign, sell or transfer, nor

shall it permit any of its Subsidiaries to issue, assign, sell or transfer, any shares of capital stock or

other equity interests of a Subsidiary;

provided, however,

 that the foregoing shall not operate to

prevent (a) the issuance, sale, and transfer to any person of any shares of capital stock of a

Subsidiary solely for the purpose of qualifying, and to the extent legally necessary to qualify, such

person as a director of such Subsidiary, (b) any transaction permitted by Section 8.10(c) above,

and (c) the issuance of shares of the Borrower’s capital stock pursuant to the Borrower’s KSOP,

or (d) any Excluded Equity Issuances.

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Section 8.12. Dividends and Certain Other Restricted Payments. 

No Loan Party shall, nor

shall it permit any of its Subsidiaries to, (a) declare or pay any dividends on or make any other

distributions in respect of any class or series of its capital stock or other equity interests (other than

dividends or distributions payable solely in its capital stock or other equity interests), or (b) directly

or indirectly purchase, redeem, or otherwise acquire or retire any of its capital stock or other equity

interests or any warrants, options, or similar instruments to acquire the same (collectively referred

to herein as

“Restricted Payments”

);

provided, however,

 that the foregoing shall not operate to

prevent:

 (i) the making of dividends or distributions by any Subsidiary to the Borrower;

 (ii) other Restricted Payments made in compliance with the Borrower’s

dividend policy as in effect on the Closing Date or any employee stock option plans or

employee incentive plans or other compensation arrangements, or SAR plans; provided

that no Default exists or will arise after giving effect to such other Restricted Payment; and

 (iii) other Restricted Payments, provided that, both immediately before and after

giving effect to such Restricted Payment (A) no Default has occurred and is continuing and

(B) the sum of cash and Cash Equivalents of the Borrower and its Subsidiaries plus

availability under the Revolving Facility shall equal at least $50,000,000.

Section 8.13. ERISA. 

Each Loan Party shall, and shall cause each of its Subsidiaries to,

promptly pay and discharge all obligations and liabilities arising under ERISA of a character which

if unpaid or unperformed could reasonably be expected to result in the imposition of a Lien against

any of its Property, unless being contested in good faith by appropriate proceedings which prevents

the enforcement of any Lien with respect thereto. Each Loan Party shall, and shall cause each of

its Subsidiaries to, promptly notify the Administrative Agent and each Lender of: (a) the

occurrence of any reportable event (as defined in ERISA) with respect to a Plan, which individually

or in the aggregate, could reasonably be expected to result in a Material Adverse Effect, (b) receipt

of any notice from the PBGC of its intention to seek termination of any Plan or appointment of a

trustee therefor, (c) its intention to terminate or withdraw from any Plan, and (d) the occurrence of

any event with respect to any Plan which would result in the incurrence by any Loan Party or any

Subsidiary of a Loan Party of any material liability, fine or penalty, or any material increase in the

contingent liability of any Loan Party or any Subsidiary of a Loan Party with respect to any

post-retirement Welfare Plan benefit, which individually or in the aggregate, could reasonably be

expected to result in a Material Adverse Effect.

Section 8.14. Compliance with Laws. 

(a) Each Loan Party shall, and shall cause each of its

Subsidiaries to, comply in all respects with all Legal Requirements applicable to or pertaining to

its Property or business operations, where any such non-compliance, individually or in the

aggregate, could reasonably be expected to have a Material Adverse Effect or result in a Lien upon

any of its Property.

 (b) Without limiting Section 8.14(a) above, each Loan Party shall, and shall cause each

of its Subsidiaries to, at all times, do the following to the extent the failure to do so, individually

or in the aggregate, could reasonably be expected to have a Material Adverse Effect: (i) comply

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in all material respects with, and maintain each of the Premises in compliance in all material

respects with, all applicable Environmental Laws; (ii) require that each tenant and subtenant, if

any, of any of the Premises or any part thereof comply in all material respects with all applicable

Environmental Laws; (iii) obtain and maintain in full force and effect all material governmental

approvals required by any applicable Environmental Law for the operation of their business and

each of the Premises; (iv) cure any material violation by it or at any of the Premises of applicable

Environmental Laws unless and except to the extent being contested in good faith by appropriate

proceedings which prevents the enforcement of any Lien with respect thereto; (v) not

manufacture, use, generate, transport, treat, store, Release, dispose or handle any Hazardous

Material (or allow any tenant or subtenant to do any of the foregoing) at any of the Premises except

in the ordinary course of its live animal agricultural business and in material compliance with all

applicable Environmental Laws; (vi) within ten (10) Business Days notify the Administrative

Agent in writing and provide the disclosure filing made by the Borrower with the SEC of any of

the following in connection with any Loan Party or any Subsidiary of a Loan Party or any of the

Premises which would be required to be disclosed in an 8-K or 10-Q filing with the SEC: (1) any

Environmental Liability; (2) any Environmental Claim; or (3) any violation of an Environmental

Law or Release, threatened Release or disposal, placement or land application of a Hazardous

Material, product, or waste, including manure, that is not in compliance with applicable

Environmental Laws; or (4) any restriction on the ownership, occupancy, use or transferability of

any Premises arising from or in connection with any (x) Release, threatened Release or disposal

of a Hazardous Material, waste or product, including manure, or (y) Environmental Law;

(vii) conduct at its expense any investigation, study, sampling, testing, abatement, cleanup,

removal, remediation or other corrective or response action necessary to remove, remediate, clean

up, correct or abate any material Release, threatened material Release or material violation of any

applicable Environmental Law unless and except to the extent being contested in good faith by

appropriate proceedings which prevents the enforcement of any Lien with respect thereto,

(viii) abide by and observe any restrictions on the use of the Premises imposed by any

Governmental Authority as set forth in a deed or other instrument affecting any Loan Party’s or

any of its Subsidiary’s interest therein unless being contested in good faith by appropriate

proceedings which prevents the enforcement of any Lien with respect thereto; (ix) promptly

provide or otherwise make available to the Administrative Agent any reasonably requested

environmental record concerning the Premises which any Loan Party or any Subsidiary of a Loan

Party possesses or controls other than records subject to work product or attorney-client or other

confidentiality privilege pursuant to applicable law; and (x) perform, satisfy, and implement any

operation, maintenance or corrective actions or other requirements of any Governmental Authority

or Environmental Law, or included in any no further action letter or covenant not to sue issued by

any Governmental Authority under any Environmental Law unless and except to the extent being

contested in good faith by appropriate proceedings which prevents the enforcement of any Lien

with respect thereto.

Section 8.15. Compliance with OFAC Sanctions Programs and Anti-Corruption Laws. 

(a) Each Loan Party shall at all times comply in all material respects with the requirements of all

OFAC Sanctions Programs applicable to such Loan Party and shall cause each of its Subsidiaries

to comply in all material respects with the requirements of all OFAC Sanctions Programs

applicable to such Subsidiary.

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 (b) Each Loan Party shall provide the Administrative Agent and the Lenders any

information regarding the Loan Parties, their Affiliates, and their Subsidiaries necessary for the

Administrative Agent and the Lenders to comply with all applicable OFAC Sanctions Programs;

subject however, in the case of Affiliates, to such Loan Party’s ability to provide information

applicable to them. 

 (c) If any Loan Party obtains actual knowledge or receives any written notice that any

Loan Party, any Subsidiary of any Loan Party, or any officer, director or Affiliate of any Loan

Party or that any Person that owns or controls any such Person is the target of any OFAC Sanctions

Programs or is located, organized or resident in a country or territory that is, or whose government

is, the subject of any OFAC Sanctions Programs (such occurrence, an

“OFAC Event”

), such Loan

Party shall promptly (i) give written notice to the Administrative Agent and the Lenders of such

OFAC Event, and (ii) comply in all material respects with all applicable laws with respect to such

OFAC Event (regardless of whether the target Person is located within the jurisdiction of the

United States of America), including the OFAC Sanctions Programs, and each Loan Party hereby

authorizes and consents to the Administrative Agent and the Lenders taking any and all steps the

Administrative Agent or the Lenders deem necessary, in their sole but reasonable discretion, to

avoid violation of all applicable laws with respect to any such OFAC Event, including the

requirements of the OFAC Sanctions Programs (including the freezing and/or blocking of assets

and reporting such action to OFAC).

 (d) No Loan Party will, directly or, to any Loan Party’s knowledge, indirectly, use the

proceeds of the Revolving Facility of an Incremental Term Loan (if any), or lend, contribute or

otherwise make available such proceeds to any other Person, (i) to fund any activities or business

of or with any Person or in any country or territory, that, at the time of such funding, is, or whose

government is, the subject of any OFAC Sanctions Programs, or (ii) in any other manner that

would result in a violation of OFAC Sanctions Programs or Anti-Corruption Laws by any Person

(including any Person participating in the Revolving Facility or any Incremental Term Loan,

whether as underwriter, lender, advisor, investor, or otherwise).

 (e) No Loan Party will, nor will it permit any Subsidiary to, violate any Anti-Corruption

Law in any material respect.

 (f) Each Loan Party will maintain in effect policies and procedures designed to ensure

compliance by the Loan Parties, their Subsidiaries, and their respective directors, officers,

employees, and agents with applicable Anti-Corruption Laws.

Section 8.16. Burdensome Contracts With Affiliates.

 No Loan Party shall, nor shall it

permit any of its Subsidiaries to, enter into any material contract, agreement or business

arrangement with any of its Affiliates on terms and conditions which are less favorable to such

Loan Party or such Subsidiary than would be usual and customary in similar contracts, agreements

or business arrangements between Persons not affiliated with each other;

provided

that the

foregoing restriction shall not apply to transactions between or among the Loan Parties.

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Section 8.17. No Changes in Fiscal Year.

 The fiscal year of the Borrower and its

Subsidiaries ends on or about May 31 of each year; and the Borrower shall not, nor shall it permit

any Subsidiary to, change its fiscal year from its present basis.

Section 8.18. Formation of Subsidiaries.

 Promptly upon the formation or acquisition of

any Subsidiary, the Loan Parties shall provide the Administrative Agent and the Lenders notice

thereof (at which time Schedule 6.2 shall be deemed amended to include reference to such

Subsidiary. The Loan Parties shall, and shall cause their Wholly-owned Subsidiaries that are

Domestic Subsidiaries to, timely comply with the requirements of Sections 11 and 12

with respect

to any Subsidiary that is required to become a Guarantor hereunder. 

Section 8.19. Change in the Nature of Business. 

No Loan Party shall, nor shall it permit

any of its Subsidiaries to, engage in any business or activity if as a result the general nature of the

business of such Loan Party or any of its Subsidiaries would be changed in any material respect

from the general nature of the business engaged in by it as of the Closing Date or an Eligible Line

of Business.

Section 8.20. Use of Proceeds

. The Borrower shall use the credit extended under this

Agreement solely for the purposes set forth in, or otherwise permitted by, Section 6.4.

Section 8.21. No Restrictions

. Except as provided herein or exist as of the date hereof, no

Loan Party shall, nor shall it permit any of its Wholly-owned Subsidiaries to, directly or indirectly

create or otherwise cause or suffer to exist or become effective any consensual encumbrance or

restriction of any kind on the ability of any Loan Party or any Wholly-owned Subsidiary of a Loan

Party to: (a) pay dividends or make any other distribution on any such Subsidiary’s capital stock

or other equity interests owned by such Loan Party or any of its Wholly-owned Subsidiaries,

(b) pay any indebtedness owed to any Loan Party or any of its Wholly-owned Subsidiaries,

(c) make loans or advances to any Loan Party or any of its Wholly-owned Subsidiaries, (d) transfer

any of its Property to any Loan Party or any of its Wholly-owned Subsidiaries, or (e) guarantee

the Secured Obligations and/or grant Liens on its assets to the Administrative Agent as required

by the Loan Documents.

Section 8.22. Financial Covenants.

 (a)

Total Funded Debt to Capitalization Ratio

. As of the last day of each fiscal quarter

of the Borrower ending on or after November 27, 2021, the Borrower shall not permit the Total

Funded Debt to Capitalization Ratio to be greater than 50.0%.

 (b)

Minimum Tangible Net Worth

. The Borrower shall not permit Tangible Net Worth

to be less than (i) $700,000,000 for the fiscal quarter ended November 27, 2021, plus (ii) for each

fiscal quarter ending thereafter, 50% of Net Income for such fiscal quarter (if Net Income is

positive) less Restricted Payments permitted to be made pursuant to Section 8.12 during such fiscal

quarter.

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S

ECTION

 9. E

VENTS OF

D

EFAULT AND

R

EMEDIES

.

Section 9.1.

Events of Default.

 Any one or more of the following shall constitute an

“Event of Default”

 hereunder:

 (a) default for a period of five (5) days in the payment when due of all or any

part of the principal of any Loan (whether at the stated maturity thereof or at any other time

provided for in this Agreement) or of any Reimbursement Obligation, or default for a

period of five (5) Business Days in the payment when due of any interest,

fee or other

Obligation payable hereunder or under any other Loan Document; 

 (b) default in the observance or performance of any covenant set forth in

Sections 8.1(a), 8.10, 8.12, 8.17, 8.20 or 8.22 of this Agreement;

 (c) default in the observance or performance of any other provision hereof or

of any other Loan Document which is not remedied within thirty (30) days after the earlier

of (i) the date on which such failure shall first become known to any Responsible Officer

of any Loan Party or (ii) written notice thereof is given to the Borrower by the

Administrative Agent; 

 (d) any representation or warranty made herein or in any other Loan Document

or in any certificate furnished to the Administrative Agent or the Lenders pursuant hereto

or thereto or in connection with any transaction contemplated hereby or thereby proves

untrue in any material respect as of the date of the issuance or making or deemed making

thereof; 

 (e) (i) any event occurs or condition exists (other than those described in

subsections (a) through (d) above) which is specified as an event of default under any of

the other Loan Documents, or (ii) any of the Loan Documents shall for any reason not be

or shall cease to be in full force and effect or is declared to be null and void, or (iii) any of

the Collateral Documents shall for any reason fail to create a valid and perfected first

priority Lien in favor of the Administrative Agent in any Collateral purported to be covered

thereby except as expressly permitted by the terms hereof, or (iv) any Loan Party takes any

action for the purpose of terminating, repudiating or rescinding any Loan Document

executed by it or any of its obligations thereunder;

 (f) default shall occur under any Material Indebtedness issued, assumed or

guaranteed by any Loan Party or any Subsidiary of a Loan Party, or under any indenture,

agreement or other instrument under which the same may be issued, and such default shall

continue for a period of time sufficient to permit the acceleration of the maturity of any

such Material Indebtedness (whether or not such maturity is in fact accelerated), or any

such Material Indebtedness shall not be paid when due (whether by demand, lapse of time,

acceleration or otherwise);

 (g) (i) any judgment or judgments, writ or writs or warrant or warrants of

attachment, or any similar process or processes, shall be entered or filed against any Loan

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Party or any Subsidiary of a Loan Party, or against any of their respective Property, in an

aggregate amount for all such Persons in excess of $25,000,000 (except to the extent fully

covered by insurance pursuant to which the insurer has accepted liability therefor in

writing), and which remains undischarged, unvacated, unbonded or unstayed for a period

of 30 days, or any action shall be legally taken by a judgment creditor to attach or levy

upon any Property of any Loan Party or any Subsidiary of a Loan Party to enforce any such

judgment, or (ii) any Loan Party or any Subsidiary of a Loan Party shall fail within

thirty (30) days to discharge one or more non-monetary judgments or orders which,

individually or in the aggregate, could reasonably be expected to have a Material Adverse

Effect, which judgments or orders, in any such case, are not stayed on appeal or otherwise

being appropriately contested in good faith by proper proceedings diligently pursued; 

 (h) any Loan Party or any Subsidiary of a Loan Party, or any member of its

Controlled Group, shall fail to pay when due an amount or amounts aggregating for all

such Persons in excess of $20,000,000 which it shall have become liable to pay to the

PBGC or to a Plan under Title IV of ERISA; or notice of intent to terminate a Plan or Plans

having aggregate Unfunded Vested Liabilities in excess of $20,000,000 (collectively, a

“Material Plan”

) shall be filed under Title IV of ERISA by any Loan Party or any

Subsidiary of a Loan Party, or any other member of its Controlled Group, any plan

administrator or any combination of the foregoing; or the PBGC shall institute proceedings

under Title IV of ERISA to terminate or to cause a trustee to be appointed to administer

any Material Plan or a proceeding shall be instituted by a fiduciary of any Material Plan

against any Loan Party or any Subsidiary of a Loan Party, or any member of its Controlled

Group, to enforce Section 515 or 4219(c)(5) of ERISA and such proceeding shall not have

been dismissed within ninety (90) days thereafter; or a condition shall exist by reason of

which the PBGC would be entitled to obtain a decree adjudicating that any Material Plan

must be terminated; 

 (i) any Change of Control shall occur;

 (j) any Loan Party or any Subsidiary of a Loan Party shall (i) have entered

involuntarily against it an order for relief under the United States Bankruptcy Code, as

amended, (ii) not pay, or admit in writing its inability to pay, its debts generally as they

become due, (iii) make an assignment for the benefit of creditors, (iv) apply for, seek,

consent to or acquiesce in, the appointment of a receiver, custodian, trustee, examiner,

liquidator or similar official for it or any substantial part of its Property, (v) institute any

proceeding seeking to have entered against it an order for relief under the United States

Bankruptcy Code, as amended, to adjudicate it insolvent, or seeking dissolution, winding

up, liquidation, reorganization, arrangement, adjustment or composition of it or its debts

under any law relating to bankruptcy, insolvency or reorganization or relief of debtors or

fail to file an answer or other pleading denying the material allegations of any such

proceeding filed against it, (vi) take any corporate or similar action in furtherance of any

matter described in parts (i) through (v) above, or (vii) fail to contest in good faith any

appointment or proceeding described in Section 9.1(k); or

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 (k) a custodian, receiver, trustee, examiner, liquidator or similar official shall

be appointed for any Loan Party or any Subsidiary of a Loan Party, or any substantial part

of any of its Property, or a proceeding described in Section 9.1(j)(v) shall be instituted

against any Loan Party or any Subsidiary of a Loan Party, and such appointment continues

undischarged or such proceeding continues undismissed or unstayed for a period of

60 days.

Section 9.2.

Non-Bankruptcy Defaults.

 When any Event of Default (other than those

described in subsection (j) or (k) of Section 9.1 with respect to the Borrower) has occurred and is

continuing, the Administrative Agent shall, by written notice to the Borrower: (a) if so directed by

the Required Lenders, terminate the remaining Commitments and all other obligations of the

Lenders hereunder on the date stated in such notice (which may be the date thereof); (b) if so

directed by the Required Lenders, declare the principal of and the accrued interest on all

outstanding Loans to be forthwith due and payable and thereupon all outstanding Loans, including

both principal and interest thereon, shall be and become immediately due and payable together

with all other amounts payable under the Loan Documents without further demand, presentment,

protest or notice of any kind; and (c) if so directed by the Required Lenders, demand that the

Borrower immediately deliver to the Administrative Agent Cash Collateral in an amount equal to

105% of the aggregate amount of each Letter of Credit then outstanding, and the Borrower agrees

to immediately make such payment and acknowledges and agrees that the Lenders would not have

an adequate remedy at law for failure by the Borrower to honor any such demand and that the

Administrative Agent, for the benefit of the Lenders, shall have the right to require the Borrower

to specifically perform such undertaking whether or not any drawings or other demands for

payment have been made under any Letter of Credit. In addition, the Administrative Agent may

exercise on behalf of itself, the Lenders and the L/C Issuer all rights and remedies available to it,

the Lenders and the L/C Issuer under the Loan Documents or applicable law or equity when any

such Event of Default has occurred and is continuing. The Administrative Agent shall give notice

to the Borrower under Section 9.1(c) promptly upon being requested to do so by any Lender. The

Administrative Agent, after giving notice to the Borrower pursuant to Section 9.1(c) or this

Section 9.2, shall also promptly send a copy of such notice to the other Lenders, but the failure to

do so shall not impair or annul the effect of such notice.

Section 9.3. Bankruptcy Defaults

. When any Event of Default described in subsections (j)

or (k) of Section 9.1 with respect to the Borrower has occurred and is continuing, then all

outstanding Loans shall immediately become due and payable together with all other amounts

payable under the Loan Documents without presentment, demand, protest or notice of any kind,

the obligation of the Lenders to extend further credit pursuant to any of the terms hereof shall

immediately terminate and the Borrower shall immediately deliver to the Administrative Agent

Cash Collateral in an amount equal to 105% of the aggregate amount of each Letter of Credit then

outstanding, the Borrower acknowledging and agreeing that the Lenders would not have an

adequate remedy at law for failure by the Borrower to honor any such demand and that the Lenders,

and the Administrative Agent on their behalf, shall have the right to require the Borrower to

specifically perform such undertaking whether or not any draws or other demands for payment

have been made under any of the Letters of Credit. In addition, the Administrative Agent may

exercise on behalf of itself, the Lenders and the L/C Issuer all rights and remedies available to it,

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the Lenders and the L/C Issuer under the Loan Documents or applicable law or equity when any

such Event of Default has occurred and is continuing.

Section 9.4. Collateral for Undrawn Letters of Credit

. (a) If the prepayment of the

amount available for drawing under any or all outstanding Letters of Credit is required under any

of Sections 2.3(b), 2.8(b), Section 2.13, 2.14, 9.2 or 9.3 above, the Borrower shall forthwith pay

the amount required to be so prepaid, to be held by the Administrative Agent as provided in

subsection (b) below.

 (b) All amounts prepaid pursuant to subsection (a) above shall be held by the

Administrative Agent in one or more separate collateral accounts (each such account, and the credit

balances, properties, and any investments from time to time held therein, and any substitutions for

such account, any certificate of deposit or other instrument evidencing any of the foregoing and

all proceeds of and earnings on any of the foregoing being collectively called the

“Collateral

Account”

) as security for, and for application by the Administrative Agent (to the extent available)

to, the reimbursement of any payment under any Letter of Credit then or thereafter made by the

L/C Issuer, and to the payment of the unpaid balance of all other Secured Obligations. The

Collateral Account shall be held in the name of and subject to the exclusive dominion and control

of the Administrative Agent for the benefit of the Administrative Agent, the Lenders, and the

L/C Issuer. If and when requested by the Borrower, the Administrative Agent shall invest funds

held in the Collateral Account from time to time in direct obligations of, or obligations the principal

of and interest on which are unconditionally guaranteed by, the United States of America with a

remaining maturity of one year or less,

provided

 that the Administrative Agent is irrevocably

authorized to sell investments held in the Collateral Account when and as required to make

payments out of the Collateral Account for application to amounts due and owing from the

Borrower to the L/C Issuer, the Administrative Agent or the Lenders. Subject to the terms of

Sections 2.13 and 2.14, if the Borrower shall have made payment of all obligations referred to in

subsection (a) above required under Section 2.8(b), at the request of the Borrower the

Administrative Agent shall release to the Borrower amounts held in the Collateral Account so long

as at the time of the release and after giving effect thereto no Default exists. After all Letters of

Credit have expired or been cancelled and the expiration or termination of all Commitments, at the

request of the Borrower, the Administrative Agent shall release any remaining amounts held in the

Collateral Account following payment in full in cash of all Secured Obligations.

Section 9.5. Post-Default Collections

. Anything contained herein or in the other Loan

Documents to the contrary notwithstanding (including, without limitation, Section 2.8(b)), all

payments and collections received in respect of the Obligations and all proceeds of the Collateral

and payments made under or in respect of the Guaranty Agreements received, in each instance, by

the Administrative Agent or any of the Lenders after acceleration or the final maturity of the

Obligations or termination of the Commitments as a result of an Event of Default shall be remitted

to the Administrative Agent and distributed as follows:

 (a) first, to the payment of any outstanding costs and expenses incurred by the

Administrative Agent, and any security trustee therefor, in monitoring, verifying,

protecting, preserving or enforcing the Liens on the Collateral, in protecting, preserving or

enforcing rights under the Loan Documents, and in any event including all costs and

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expenses of a character which the Loan Parties have agreed to pay the Administrative

Agent under Section 13.4 (such funds to be retained by the Administrative Agent for its

own account unless it has previously been reimbursed for such costs and expenses by the

Lenders, in which event such amounts shall be remitted to the Lenders to reimburse them

for payments theretofore made to the Administrative Agent); 

 (b) second, to the payment of any outstanding interest and fees due under the

Loan Documents to be allocated pro rata in accordance with the aggregate unpaid amounts

owing to each holder thereof;

 (c) third, to the payment of principal on the Loans, unpaid Reimbursement

Obligations, together with amounts to be held by the Administrative Agent as collateral

security for any outstanding L/C Obligations pursuant to Section 9.4 (until the

Administrative Agent is holding an amount of cash equal to 105% of the then outstanding

amount of all such L/C Obligations), and Hedging Liability, the aggregate amount paid to,

or held as collateral security for, the Lenders and L/C Issuer and, in the case of Hedging

Liability, their Affiliates to be allocated pro rata in accordance with the aggregate unpaid

amounts owing to each holder thereof; 

 (d) fourth, to the payment of all other unpaid Secured Obligations and all other

indebtedness, obligations, and liabilities of the Borrower and its Subsidiaries secured by

the Loan Documents (including, without limitation, Bank Product Obligations) to be

allocated pro rata in accordance with the aggregate unpaid amounts owing to each holder

thereof; and

 (e) finally, to the Borrower or whoever else may be lawfully entitled thereto.

S

ECTION

 10. T

HE

A

DMINISTRATIVE

A

GENT

.

 Section 10.1. Appointment and Authority

. Each of the Lenders and the L/C Issuers hereby

irrevocably appoints BMO Harris Bank N.A.

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 Section 10 are solely for the benefit of the Administrative Agent,

the Lenders and the L/C Issuers, and neither the 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.

 Section 10.2. Rights 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”

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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 business

with, the Borrower 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.

Section 10.3. Action by Administrative Agent; Exculpatory Provisions

. (a) 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:

 (i) shall not be subject to any fiduciary or other implied duties, regardless of

whether a Default has occurred and is continuing;

 (ii) 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. The Administrative Agent shall in all cases

be fully justified in failing or refusing to act hereunder or under any other Loan Document

unless it first receives any further assurances of its indemnification from the Lenders that

it may require, including prepayment of any related expenses and any other protection it

requires against any and all costs, expense, and liability which may be incurred by it by

reason of taking or continuing to take any such action; and

 (iii) 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.

 (b) 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 9.2, 9.3, 9.4, 9.5 and 13.3), 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

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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 to the Administrative Agent in writing by the Borrower, a Lender, or the L/C Issuer.

 (c) Neither the Administrative Agent nor any of its Related Parties shall be responsible

for or have any duty or obligation to any Lender or L/C Issuer 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 sufficiency of any Collateral, or (vi) the satisfaction

of any condition set forth in Section 7.1 or 7.2 or elsewhere herein, other than to confirm receipt

of items expressly required to be delivered to the Administrative Agent.

 Section 10.4. Reliance 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 a Loan, or the issuance,

extension, renewal or increase of a Letter of Credit, that by its terms must be fulfilled to the

satisfaction of a Lender or an L/C Issuer, the Administrative Agent may presume that such

condition is satisfactory to such Lender or L/C Issuer unless the Administrative Agent shall have

received notice to the contrary from such Lender or L/C Issuer prior to the making of such Loan

or the issuance of such Letter of Credit. 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.

 Section 10.5. Delegation 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 Section

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 Revolving Facility and any Incremental 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

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nonappealable judgment that the Administrative Agent acted with gross negligence or willful

misconduct in the selection of such sub-agents.

 Section 10.6. Resignation of Administrative Agent

. (a) The Administrative Agent may at

any time give notice of its resignation to the Lenders, the L/C Issuers and the Borrower. Upon

receipt of any such notice of resignation, the Required Lenders shall have the right, in consultation

with the Borrower, to appoint a successor, which shall be a bank with an office in the United States

of America, or an Affiliate of any such bank with an office in the United States of America. 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 and the L/C Issuers, 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) With effect from the Resignation Effective Date, (i) the retiring Administrative Agent

shall be discharged from its duties and obligations hereunder and under the other Loan Documents,

and (ii) except for any indemnity payments 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 L/C Issuer directly, until

such time, if any, as the Required Lenders appoint a successor Administrative Agent as provided

for above.

If on the Resignation Effective Date no successor has been appointed and accepted

such appointment, the Administrative Agent’s rights in the Collateral Documents shall be assigned

without representation, recourse or warranty to the Lenders and L/C Issuer as their interests may

appear. 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 Administrative Agent (other than any rights to indemnity payments or other

amounts owed to the retiring Administrative Agent), and the retiring Administrative Agent shall

be discharged from all of its duties and obligations hereunder or under the other Loan Documents. 

The fees payable by the Borrower to a successor Administrative Agent shall be the same as those

payable to its predecessor unless otherwise agreed between the Borrower and such successor. 

After the retiring Administrative Agent’s resignation hereunder and under the other Loan

Documents, the provisions of this Section 10 and Section 13.4 shall continue in effect for the

benefit of such retiring 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

Administrative Agent was acting as Administrative Agent.

 Section 10.7. Non-Reliance on Administrative Agent and Other Lenders

. Each Lender and

L/C Issuer 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 and L/C Issuer 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

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Agreement, any other Loan Document or any related agreement or any document furnished

hereunder or thereunder.

Upon a Lender’s written request, the Administrative Agent agrees to forward to such

Lender, when complete, copies of any field audit, examination, or appraisal report prepared by or

for the Administrative Agent with respect to the Borrower or any Loan Party or the Collateral

(herein,

“Reports”

). Each Lender hereby agrees that (a) it has requested a copy of each Report

prepared by or on behalf of the Administrative Agent; (b) the Administrative Agent (i) makes no

representation or warranty, express or implied, as to the completeness or accuracy of any Report

or any of the information contained therein or any inaccuracy or omission contained in or relating

to a Report and (ii) shall not be liable for any information contained in any Report; (c) the Reports

are not comprehensive audits or examinations, and that any Person performing any field

examination will inspect only specific information regarding the Borrower and the other Loan

Parties and will rely significantly upon the books and records of Borrower and the other Loan

Parties, as well as on representations of personnel of the Borrower and the other Loan Parties, and

that the Administrative Agent undertakes no obligation to update, correct or supplement the

Reports; (d) it will keep all Reports confidential and strictly for its internal use, not share the Report

with any other Person except as otherwise permitted pursuant to this Agreement; and (e) without

limiting the generality of any other indemnification provision contained in this Agreement, it will

pay and protect, and indemnify, defend, and hold the Administrative Agent and any such other

Person preparing a Report harmless from and against, the claims, actions, proceedings, damages,

costs, expenses, and other amounts (including reasonable attorney fees) incurred by as the direct

or indirect result of any third parties who might obtain all or part of any Report through the

indemnifying Lender.

Section 10.8. L/C Issuer and Swingline Lender.

 The L/C Issuer shall act on behalf of the

Lenders with respect to any Letters of Credit issued by it and the documents associated therewith,

and the Swingline Lender shall act on behalf of the Lenders with respect to the Swingline Loans

made hereunder. The L/C Issuer and the Swingline Lender shall each have all of the benefits and

immunities (i) provided to the Administrative Agent in this Section 10 with respect to any acts

taken or omissions suffered by the L/C Issuer in connection with Letters of Credit issued by it or

proposed to be issued by it and the Applications pertaining to such Letters of Credit or by the

Swingline Lender in connection with Swingline Loans made or to be made hereunder as fully as

if the term “Administrative Agent”, as used in this Section 10, included the L/C Issuer and the

Swingline Lender with respect to such acts or omissions and (ii) as additionally provided in this

Agreement with respect to such L/C Issuer or Swingline Lender, as applicable. Any resignation

by the Person then acting as Administrative Agent pursuant to Section 10.6 shall also constitute

its resignation or the resignation of its Affiliate as L/C Issuer and Swingline Lender except as it

may otherwise agree. If such Person then acting as L/C Issuer so resigns, it shall retain all the

rights, powers, privileges and duties of the L/C Issuer hereunder with respect to all Letters of Credit

outstanding as of the effective date of its resignation as L/C Issuer and all L/C Obligations with

respect thereto, including the right to require the Lenders to make Loans or fund risk participations

in Reimbursement Obligations pursuant to Section 2.3. If such Person then acting as Swingline

Lender resigns, it shall retain all the rights of the Swingline Lender provided for hereunder with

respect to Swingline Loans made by it and outstanding as of the effective date of such resignation,

including the right to require the Lenders to make Loans or fund risk participations in outstanding

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Swingline Loans pursuant to Section 2.2(b). Upon the appointment by the Borrower of a successor

L/C Issuer or Swingline Lender hereunder (which successor shall in all cases be a Lender other

than a Defaulting Lender), (i) such successor shall succeed to and become vested with all of the

rights, powers, privileges and duties of the retiring L/C Issuer or Swingline Lender, as applicable

(other than any rights to indemnity payments or other amounts that remain owing to the retiring

L/C Issuer or Swingline Lender), and (ii) the retiring L/C Issuer and Swingline Lender shall be

discharged from all of their respective duties and obligations hereunder or under the other Loan

Documents other than with respect to its outstanding Letters of Credit and Swingline Loans, and

(iii) upon the request of the resigning L/C Issuer, the successor L/C Issuer shall issue letters of

credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or

make other arrangements satisfactory to the resigning L/C Issuer to effectively assume the

obligations of the resigning L/C Issuer with respect to such Letters of Credit.

Section 10.9. Hedging Liability and Bank Product Obligations

. By virtue of a Lender’s

execution of this Agreement or an assignment agreement pursuant to Section 13.2, as the case may

be, any Affiliate of such Lender with whom the Borrower or any other Loan Party has entered into

an agreement creating Hedging Liability or Bank Product Obligations shall be deemed a Lender

party hereto for purposes of any reference in a Loan Document to the parties for whom the

Administrative Agent is acting, it being understood and agreed that the rights and benefits of such

Affiliate under the Loan Documents consist exclusively of such Affiliate’s right to share in

payments and collections out of the Collateral and the Guaranty Agreements as more fully set forth

in Section 9.5. Without limiting the generality of the foregoing, (i) each such Affiliate of any

Lender that has entered into an agreement creating Hedging Liability or Bank Product Obligations

shall, for the avoidance of doubt, be deemed to have agreed to the provisions of Section 10.15 and

(ii) no such Affiliate of any Lender 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). In connection with any

such distribution of payments and collections, or any request for the release of the Guaranty

Agreements and the Administrative Agent’s Liens in connection with the termination of the

Commitments and the payment in full of the Obligations, the Administrative Agent shall be

entitled to assume no amounts are due to any Lender or its Affiliate with respect to Hedging

Liability or Bank Product Obligations unless such Lender has notified the Administrative Agent

in writing of the amount of any such liability owed to it or its Affiliate prior to such distribution or

payment or release of Guaranty Agreements and Liens.

Section 10.10. Designation of Additional Agents

. The Administrative Agent shall have the

continuing right, for purposes hereof, at any time and from time to time to designate one or more

of the Lenders (and/or its or their Affiliates) as “syndication agents,” “documentation agents,”

“book runners,” “lead arrangers,” “arrangers,” or other designations for purposes hereto, but such

designation shall have no substantive effect, and such Lenders and their Affiliates shall have no

additional powers, duties or responsibilities as a result thereof.

Section 10.11. Authorization to Enter into, and Enforcement of, the Collateral Documents;

Possession of Collateral

. The Administrative Agent is hereby irrevocably authorized by each of

the Lenders and the L/C Issuer to execute and deliver the Collateral Documents on behalf of each

of the Lenders, the L/C Issuer, and their Affiliates and to take such action and exercise such powers

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under the Collateral Documents as the Administrative Agent considers appropriate;

provided

 the

Administrative Agent shall not amend the Collateral Documents unless such amendment is agreed

to in writing by the Required Lenders. Upon the occurrence of an Event of Default, the

Administrative Agent shall take such action to enforce its Lien on the Collateral and to preserve

and protect the Collateral as may be directed by the Required Lenders. Unless and until the

Required Lenders give such direction, the Administrative Agent may (but shall not be obligated

to) take or refrain from taking such actions as it deems appropriate and in the best interest of all

the Lenders and L/C Issuer. Each Lender and L/C Issuer acknowledges and agrees that it will be

bound by the terms and conditions of the Collateral Documents upon the execution and delivery

thereof by the Administrative Agent. 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, the L/C Issuer or their

Affiliates for any failure to monitor or maintain any portion of the Collateral. The Lenders and

L/C Issuer hereby irrevocably authorize (and each of their Affiliates holding any Bank Product

Obligations and Hedging Liability entitled to the benefits of the Collateral shall be deemed to

authorize) the Administrative Agent, based upon the instruction of the Required Lenders, to credit

bid and purchase (either directly or through one or more acquisition vehicles) all or any portion of

the Collateral at any sale thereof conducted by the Administrative Agent (or any security trustee

therefore) under the provisions of the Uniform Commercial Code, including pursuant to Sections

9-610 or 9-620 of the Uniform Commercial Code, at any sale thereof conducted under the

provisions of the United States Bankruptcy Code, including Section 363 of the United States

Bankruptcy Code, or at any sale or foreclosure conducted by the Administrative Agent or any

security trustee therefore (whether by judicial action or otherwise) in accordance with applicable

law. Except as otherwise specifically provided for herein, no Lender, L/C Issuer, or their

Affiliates, other than the Administrative Agent, shall have the right to institute any suit, action or

proceeding in equity or at law for the foreclosure or other realization upon any Collateral or for

the execution of any trust or power in respect of the Collateral or for the appointment of a receiver

or for the enforcement of any other remedy under the Collateral Documents; it being understood

and intended that no one or more of the Lenders or L/C Issuer or their Affiliates shall have any

right in any manner whatsoever to affect, disturb or prejudice the Lien of the Administrative Agent

(or any security trustee therefor) under the Collateral Documents by its or their action or to enforce

any right thereunder, and that all proceedings at law or in equity shall be instituted, had, and

maintained by the Administrative Agent (or its security trustee) in the manner provided for in the

relevant Collateral Documents for the benefit of the Lenders, the L/C Issuer, and their Affiliates. 

Each Lender and L/C Issuer is hereby appointed agent for the purpose of perfecting the

Administrative Agent’s security interest in assets which, in accordance with Article 9 of the

Uniform Commercial Code or other applicable law can be perfected only by possession. Should

any Lender or L/C Issuer (other than the Administrative Agent) obtain possession of any

Collateral, such Lender or L/C Issuer shall notify the Administrative Agent thereof, and, promptly

upon the Administrative Agent’s request therefor shall deliver such Collateral to the

Administrative Agent or in accordance with the Administrative Agent’s instructions. 

 Section 10.12. Authorization to Release, Limit or Subordinate Liens or to Release

Guaranties.

 The Administrative Agent is hereby irrevocably authorized by each of the Lenders,

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the L/C Issuer, and their Affiliates to (a) release any Lien covering any Collateral that is sold,

transferred, or otherwise disposed of in accordance with the terms and conditions of this

Agreement and the relevant Collateral Documents (including a sale, transfer, or disposition

permitted by the terms of Section 8.10 or which has otherwise been consented to in accordance

with Section 13.3), (b) release or subordinate any Lien on Collateral consisting of goods financed

with purchase money indebtedness or under a Capital Lease to the extent such purchase money

indebtedness or Capitalized Lease Obligation, and the Lien securing the same, are permitted by

Sections 8.7(b) and 8.8(d), (c) reduce or limit the amount of the indebtedness secured by any

particular item of Collateral to an amount not less than the estimated value thereof to the extent

necessary to reduce mortgage registry, filing and similar tax, (d) release Liens on the Collateral

following termination or expiration of the Commitments and payment in full in cash of the

Obligations (other than contingent indemnification obligations) and the expiration or termination

of all Letters of Credit (other than Letters of Credit that have been Cash Collateralized to the

satisfaction of the Administrative Agent and relevant L/C Issuer) and, if then due, Hedging

Liability and Bank Product Obligations, and (e) release any Subsidiary from its obligations as a

Guarantor if such Person ceases to be a Subsidiary as a result of a transaction permitted under the

Loan Documents. Upon the Administrative Agent’s request, 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 Person form its obligations as a Guarantor under the

Loan Documents.

Section 10.13. Authorization of Administrative Agent to File Proofs of Claim. 

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 any Loan or

L/C Obligation shall then be due and payable as herein expressed or by declaration or otherwise

and irrespective of whether the Administrative Agent shall have made any demand on 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 Loans, L/C Obligations and all other Obligations that

are owing and unpaid and to file such other documents as may be necessary or advisable

in order to have the claims of Lenders, the L/C Issuer and the Administrative Agent

(including any claim for the reasonable compensation, expenses, disbursements and

advances of the Lenders, the L/C Issuer and the Administrative Agent and their respective

agents and counsel and all other amounts due the Lenders, the L/C Issuer and the

Administrative Agent under the Loan Documents including, but not limited to,

Sections 3.1, 4.4, 4.5, and 13.4) 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 and L/C Issuer 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 and the L/C Issuer, to pay to the

Administrative Agent any amount due for the reasonable compensation, expenses, disbursements

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and advances of the Administrative Agent and its agents and counsel, and any other amounts due

the Administrative Agent under Sections 3.1 and 13.4. 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 or L/C Issuer any plan of reorganization, arrangement, adjustment or composition

affecting the Obligations or the rights of any Lender or L/C Issuer or to authorize the

Administrative Agent to vote in respect of the claim of any Lender or L/C Issuer in any such

proceeding.

 Section 10.14. Certain ERISA Matters. 

(a) Each Lender (x) represents and warrants, as of

the date such Person became a Lender party hereto, to, 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 its Affiliates, 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:

 (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 with respect to such Lender’s

entrance into, participation in, administration of and performance of the Loans, the Letters

of Credit, the Commitments or this Agreement;

 (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;

or

 (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 the Administrative Agent, in its sole discretion, and such Lender.

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 (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, to,

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 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

Letters of Credit, the Commitments and this Agreement (including in connection with the

reservation or exercise of any rights by the Administrative Agent under this Agreement, any Loan

Document or any documents related hereto or thereto).

 Section 10.15. Recovery of Erroneous Payments

. Notwithstanding anything to the contrary

in this Agreement, if at any time the Administrative Agent determines (in its sole and absolute

discretion) that it has made a payment hereunder in error to any Lender, L/C Issuer or other secured

party hereunder, whether or not in respect of an Obligation due and owing by the Borrowers at

such time, where such payment is a Rescindable Amount, then in any such event, each such Person

receiving a Rescindable Amount severally agrees to repay to the Administrative Agent forthwith

on demand the Rescindable Amount received by such Person in immediately available funds in

the currency so received, with interest thereon, for each day from and including the date such

Rescindable Amount is received by it to but excluding the date of payment to the Administrative

Agent, at the greater of the Federal Funds Rate and a rate determined by the Administrative Agent

in accordance with banking industry rules on interbank compensation. Each Lender, each L/C

Issuer and each other secured party hereunder irrevocably waives any and all defenses, including

any “discharge for value” (under which a creditor might otherwise claim a right to retain funds

mistakenly paid by a third party in respect of a debt owed by another), “good consideration”,

“change of position” or similar defenses (whether at law or in equity) to its obligation to return

any Rescindable Amount. The Administrative Agent shall inform each Lender, L/C Issuer or other

secured party hereunder that received a Rescindable Amount promptly upon determining that any

payment made to such Person comprised, in whole or in part, a Rescindable Amount. Each

Person’s obligations, agreements and waivers under this Section 10.16 shall survive the resignation

or replacement of the Administrative Agent, any transfer of rights or obligations by, or the

replacement of, a Lender or L/C Issuer, the termination of the Commitments and/or the repayment,

satisfaction or discharge of all Obligations (or any portion thereof) under any Loan Document.

S

ECTION

 11. T

HE

G

UARANTEES

.

Section 11.1. The Guarantees

. To induce the Lenders and L/C Issuer to provide the credits

described herein and in consideration of benefits expected to accrue to the Borrower by reason of

the Commitments and for other good and valuable consideration, receipt of which is hereby

acknowledged, each Wholly-owned Subsidiary party hereto (including any Wholly-owned

Subsidiary executing an Additional Guarantor Supplement in the form attached hereto as Exhibit F

or such other form acceptable to the Administrative Agent) and the Borrower (as to the Secured

Obligations of another Loan Party) hereby unconditionally and irrevocably guarantees jointly and

severally to the Administrative Agent, the Lenders, and the L/C Issuer and their Affiliates, the due

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and punctual payment of all present and future Secured Obligations, including, but not limited to,

the due and punctual payment of principal of and interest on the Loans, the Reimbursement

Obligations, and the due and punctual payment of all other Obligations now or hereafter owed by

the Borrower under the Loan Documents and the due and punctual payment of all Hedging

Liability and Bank Product Obligations, in each case as and when the same shall become due and

payable, whether at stated maturity, by acceleration, or otherwise, according to the terms hereof

and thereof (including all interest, costs, fees, and charges after the entry of an order for relief

against the Borrower or such other obligor in a case under the United States Bankruptcy Code or

any similar proceeding, whether or not such interest, costs, fees and charges would be an allowed

claim against the Borrower or any such obligor in any such proceeding);

provided, however,

 that,

with respect to any Guarantor, Hedging Liability guaranteed by such Guarantor shall exclude all

Excluded Swap Obligations. In case of failure by the Borrower or other obligor punctually to pay

any Secured Obligations guaranteed hereby, each Guarantor hereby unconditionally agrees to

make such payment or to cause such payment to be made punctually as and when the same shall

become due and payable, whether at stated maturity, by acceleration, or otherwise, and as if such

payment were made by the Borrower or such obligor. Only direct and indirect Wholly-owned

Subsidiaries of the Borrower that are Domestic Subsidiaries shall be required to be a Guarantor

and bound by the guaranty provisions of this Section 11. 

Section 11.2. Guarantee Unconditional

. The obligations of each Guarantor under this

Section 11 shall be unconditional and absolute and, without limiting the generality of the

foregoing, shall not be released, discharged, or otherwise affected by:

 (a) any extension, renewal, settlement, compromise, waiver, or release in

respect of any obligation of any Loan Party or other obligor or of any other guarantor under

this Agreement or any other Loan Document or by operation of law or otherwise;

 (b) any modification or amendment of or supplement to this Agreement or any

other Loan Document or any agreement relating to Hedging Liability or Bank Product

Obligations;

 (c) any change in the corporate existence, structure, or ownership of, or any

insolvency, bankruptcy, reorganization, or other similar proceeding affecting, any Loan

Party or other obligor, any other guarantor, or any of their respective assets, or any resulting

release or discharge of any obligation of any Loan Party or other obligor or of any other

guarantor contained in any Loan Document; 

 (d) the existence of any claim, set-off, or other rights which any Loan Party or

other obligor or any other guarantor may have at any time against the Administrative

Agent, any Lender, the L/C Issuer or any other Person, whether or not arising in connection

herewith;

 (e) any failure to assert, or any assertion of, any claim or demand or any

exercise of, or failure to exercise, any rights or remedies against any Loan Party or other

obligor, any other guarantor, or any other Person or Property;

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 (f) any application of any sums by whomsoever paid or howsoever realized to

any obligation of any Loan Party or other obligor, regardless of what obligations of any

Loan Party or other obligor remain unpaid;

 (g) any invalidity or unenforceability relating to or against any Loan Party or

other obligor or any other guarantor for any reason of this Agreement or of any other Loan

Document or any agreement relating to Hedging Liability or Bank Product Obligations or

any provision of applicable law or regulation purporting to prohibit the payment by any

Loan Party or other obligor or any other guarantor of the principal of or interest on any

Loan or any Reimbursement Obligation or any other amount payable under the Loan

Documents or any agreement relating to Hedging Liability or Bank Product Obligations;

or

 (h) any other act or omission to act or delay of any kind by the Administrative

Agent, any Lender, the L/C Issuer, or any other Person or any other circumstance

whatsoever that might, but for the provisions of this subsection, constitute a legal or

equitable discharge of the obligations of any Guarantor under this Section 11.

Section 11.3. Discharge Only upon Payment in Full; Reinstatement in Certain

Circumstances

. Each Guarantor’s obligations under this Section 11 shall remain in full force and

effect until the Commitments are terminated, all Letters of Credit have expired, and the principal

of and interest on the Loans and all other amounts payable by the Borrower and the other Loan

Parties under this Agreement and all other Loan Documents and, if then outstanding and unpaid,

all Hedging Liability and Bank Product Obligations shall have been paid in full. If at any time any

payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other

amount payable by any Loan Party or other obligor or any guarantor under the Loan Documents

or any agreement relating to Hedging Liability or Bank Product Obligations is rescinded or must

be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of such Loan

Party or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this

Section 11 with respect to such payment shall be reinstated at such time as though such payment

had become due but had not been made at such time.

Section 11.4. Subrogation

. Each Guarantor agrees it will not exercise any rights which it

may acquire by way of subrogation by any payment made hereunder, or otherwise, until all the

Secured Obligations shall have been paid in full subsequent to the termination of all the

Commitments and expiration of all Letters of Credit. If any amount shall be paid to a Guarantor

on account of such subrogation rights at any time prior to the later of (x) the payment in full of the

Secured Obligations and all other amounts payable by the Loan Parties hereunder and the other

Loan Documents and (y) the termination of the Commitments and expiration of all Letters of

Credit, such amount shall be held in trust for the benefit of the Administrative Agent, the Lenders,

and the L/C Issuer (and their Affiliates) and shall forthwith be paid to the Administrative Agent

for the benefit of the Lenders and L/C Issuer (and their Affiliates) or be credited and applied upon

the Secured Obligations, whether matured or unmatured, in accordance with the terms of this

Agreement.

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Section 11.5. Subordination

. Each Guarantor (each referred to herein as a

“Subordinated

Creditor”

) hereby subordinates the payment of all indebtedness, obligations, and liabilities of the

Borrower or other Loan Party owing to such Subordinated Creditor, whether now existing or

hereafter arising, to the indefeasible payment in full in cash of all Secured Obligations. During

the existence of any Event of Default, subject to Section 11.4, any such indebtedness, obligation,

or liability of the Borrower or other Loan Party owing to such Subordinated Creditor shall be

enforced and performance received by such Subordinated Creditor as trustee for the benefit of the

holders of the Secured Obligations and the proceeds thereof shall be paid over to the

Administrative Agent for application to the Secured Obligations (whether or not then due), but

without reducing or affecting in any manner the liability of such Guarantor under this Section 11.

Section 11.6. Waivers

. Each Guarantor irrevocably waives acceptance hereof,

presentment, demand, protest, and any notice not provided for herein, as well as any requirement

that at any time any action be taken by the Administrative Agent, any Lender, the L/C Issuer, or

any other Person against the Borrower or any other Loan Party or other obligor, another guarantor,

or any other Person.

 Section 11.7. Limit on Recovery

. Notwithstanding any other provision hereof, the right of

recovery against each Guarantor under this Section 11 shall not exceed $1.00 less than the lowest

amount which would render such Guarantor’s obligations under this Section 11 void or voidable

under applicable law, including, without limitation, fraudulent conveyance law.

Section 11.8. Stay of Acceleration

. If acceleration of the time for payment of any amount

payable by the Borrower or other Loan Party or other obligor under this Agreement or any other

Loan Document, or under any agreement relating to Hedging Liability or Bank Product

Obligations, is stayed upon the insolvency, bankruptcy or reorganization of the Borrower or such

other Loan Party or obligor, all such amounts otherwise subject to acceleration under the terms of

this Agreement or the other Loan Documents, or under any agreement relating to Hedging Liability

or Bank Product Obligations, shall nonetheless be payable by the Guarantors hereunder forthwith

on demand by the Administrative Agent made at the request or otherwise with the consent of the

Required Lenders.

Section 11.9. Benefit to Guarantors

. The Loan Parties are engaged in related businesses

and integrated to such an extent that the financial strength and flexibility of the Borrower and the

other Loan Parties has a direct impact on the success of each other Loan Party. Each Guarantor

will derive substantial direct and indirect benefit from the extensions of credit hereunder, and each

Guarantor acknowledges that this guarantee is necessary or convenient to the conduct, promotion

and attainment of its business.

Section 11.10. Keepwell

. Each Qualified ECP Guarantor hereby jointly and severally

absolutely, unconditionally and irrevocably undertakes to provide such funds or other support as

may be needed from time to time by each other Loan Party to honor all of its obligations under

this Guaranty in respect of Swap Obligations (provided, however, that each Qualified ECP

Guarantor shall only be liable under this Section for the maximum amount of such liability that

can be hereby incurred without rendering its obligations under this Section, or otherwise under this

Guaranty, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer,

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and not for any greater amount). The obligations of each Qualified ECP Guarantor under this

Section shall remain in full force and effect until discharged in accordance with Section 11.3. Each

Qualified ECP Guarantor intends that this Section constitute, and this Section shall be deemed to

constitute, a “keepwell, support, or other agreement” for the benefit of each other Loan Party for

all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 

S

ECTION

 12. C

OLLATERAL

.

Section 12.1. Collateral

. The Secured Obligations shall be secured by valid, perfected, and

enforceable Liens on all right, title, and interest of each Loan Party in all of its accounts, chattel

paper, instruments, documents, payment intangibles,

letter-of-credit rights, supporting obligations,

deposit accounts, inventory and farm products and certain other Property as specifically set forth

in the Collateral Documents whether now owned or hereafter acquired or arising, and all proceeds

thereof;

provided, however,

that: (i) the Collateral shall not include Excluded Property, and

(ii) the Collateral need not include (or be perfected if a Lien is granted) those assets of any Loan

Party as to which the Administrative Agent in its sole discretion determines that the cost of

obtaining a security interest in or perfection thereof are excessive in relation to the value of the

security to be afforded thereby. Each Loan Party acknowledges and agrees that the Liens on the

Collateral shall be granted to the Administrative Agent for the benefit of the holders of the Secured

Obligations and shall be valid and perfected first priority Liens (to the extent perfection by filing,

registration, recordation, possession or control is required herein or in any other Loan Document)

subject to the proviso appearing at the end of the preceding sentence and to Liens permitted by

Section 8.8, in each case pursuant to one or more Collateral Documents from such Persons, each

in form and substance satisfactory to the Administrative Agent. 

Section 12.2. Depository Banks

. Each Loan Party shall maintain the Administrative Agent

(or one of its Affiliates) as its primary depository bank, including for its principal operating,

administrative, cash management, lockbox arrangements, collection activity, and other deposit

accounts for the conduct of its business.

Section 12.3. Further Assurances

. Each Loan Party agrees that it shall, from time to time

at the request of the Administrative Agent, execute and deliver such documents and do such acts

and things as the Administrative Agent may reasonably request in order to provide for or perfect

or protect such Liens on the Collateral. In the event any Loan Party forms or acquires any other

Subsidiary after the date hereof, except as otherwise provided in the definition of Guarantor, the

Loan Parties shall promptly upon such formation or acquisition cause such newly formed or

acquired Subsidiary to execute a Guaranty Agreement and such Collateral Documents as the

Administrative Agent may then require, and the Loan Parties shall also deliver to the

Administrative Agent, or cause such Subsidiary to deliver to the Administrative Agent, at the

Borrower’s cost and expense, such other instruments, documents, certificates, and opinions

reasonably required by the Administrative Agent in connection therewith.

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S

ECTION

 13. M

ISCELLANEOUS

.

 Section 13.1. Notices

. 

 (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 services or mailed by certified or registered mail as follows:

 (i) if to the Borrower or any other Loan Party, to it at 1052 Highland Colony

Parkway, Suite 200, Ridgeland, MS 39157, Attention of Max Bowman, Vice President and

Chief Financial Officer; Telephone No. (601) 718-4238 with a copy to the same address to

the attention of Robert Holladay, General Counsel; Telephone No. (601) 948-6813;

 (ii) if to the Administrative Agent or to BMO Harris Bank N.A. in its capacity

as L/C Issuer, to BMO Harris Bank N.A. at 111 West Monroe Street, Chicago, Illinois

60603, Attention of David J. Bechstein; Telephone No. (312) 461-5174);

 (iii) if to a Lender, to it at its address set forth in its Administrative

Questionnaire.

Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall

be deemed to have been given when received. Notices delivered through electronic

communications, to the extent provided in subsection (b) below, shall be effective as provided in

said subsection (b).

 (b)

Electronic Communications. 

Notices and other communications to the Lenders and

the L/C Issuers hereunder may be delivered or furnished by electronic communication (including

e-mail 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 or L/C Issuer pursuant

to Sections 2.2, 2.3 and 2.6 if such Lender or L/C Issuer, as applicable, has notified the

Administrative Agent that it is incapable of receiving notices under such Sections by electronic

communication. The Administrative Agent or the Borrower may, in its discretion, agree to accept

notices and other communications to it hereunder by electronic communications pursuant to

procedures approved by it;

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 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) above, if such notice, email or

other communication is not sent during the normal business hours of the recipient, such notice or

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communication shall be deemed to have been sent at the opening of business on the next business

day for the recipient.

 (c)

Change of Address, etc. 

Any party hereto may change its address or facsimile number

for notices and other communications hereunder by notice to the other parties hereto.

 (d)

Platform. 

(i) Each Loan Party agrees that the Administrative Agent may, but shall

not be obligated to, make the Communications (as defined below) available to the L/C Issuers and

the other Lenders by posting the Communications on Debt Domain, Intralinks, Syndtrak or a

substantially similar electronic transmission system (the

“Platform”

).

 (ii) The Platform is provided “as is” and “as available.” The Agent Parties (as

defined below) do not warrant the adequacy of the Platform and expressly disclaim liability

for errors or omissions in the Communications. No warranty of any kind, express, implied

or statutory, including, without limitation, any warranty of merchantability, fitness for a

particular purpose, non-infringement of third-party rights or freedom from viruses or other

code defects, is made by any Agent Party in connection with the Communications or the

Platform. In no event shall the Administrative Agent or any of its Related Parties

(collectively, the

“Agent Parties”

) have any liability to the Borrower or the other Loan

Parties, any Lender or any other Person or entity for damages of any kind, including,

without limitation, direct or indirect, special, incidental or consequential damages, losses

or expenses (whether in tort, contract or otherwise) arising out of the Borrower’s, any Loan

Party’s or the Administrative Agent’s transmission of communications through the

Platform, except to the extent that such losses, claims, damages and liabilities or expenses

are determined by a court of competent jurisdiction by final and non-appealable judgment

to have resulted from the gross negligence or willful misconduct of the Agent Parties. 

“Communications”

 means, collectively, any notice, demand, communication, information,

document or other material provided by or on behalf of any Loan Party pursuant to any

Loan Document or the transactions contemplated therein which is distributed to the

Administrative Agent, any Lender or any L/C Issuer by means of electronic

communications pursuant to this Section, including through the Platform.

 (e)

Private Side Designation

. Each public Lender agrees to cause at least one individual

at or on behalf of such public Lender to 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 laws, including United States Federal and state securities applicable laws, to make

reference to Borrower or any Loan Party 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 Borrower or any Loan Party or their securities for purposes of United States

Federal or state securities applicable laws.

Section 13.2. Successors and Assigns

. 

 (a)

Successors and Assigns Generally.

 The provisions of this Agreement shall be binding

upon and inure to the benefit of the parties hereto and their respective successors and assigns

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permitted hereby, except that neither the Borrower 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 each Lender, 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

paragraph (b) of this Section, (ii) by way of participation in accordance with the provisions of

paragraph (d) of this Section, or (iii) by way of pledge or assignment of a security interest subject

to the restrictions of paragraph (e) 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 paragraph (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 (including all or a portion of its

Commitments and the Loans at the time owing to it);

provided

 that (in each case with respect to

any Facility) 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 Commitments and the Loans at the time owing to it (in

each case with respect to any Facility) or in the case of an assignment to a Lender or an

Affiliate of a Lender, no minimum amount need be assigned; and

 (B) in any case not described in paragraph (b)(i)(A) of this Section, the

aggregate amount of the relevant Commitment (which for this purpose includes Loans

outstanding thereunder) or, if the applicable Commitment is not then in effect, the principal

outstanding balance of the Loans of the assigning Lender subject to each such assignment

(determined as of the date the Assignment and Assumption with respect to such assignment

is delivered to the Administrative Agent 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 Borrower otherwise consents (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 with respect to the Loan or the Commitment assigned.

 (iii)

Required Consents. 

No consent shall be required for any assignment except

to the extent required by paragraph (b)(i)(B) of this Section and, in addition:

 (A) the consent of the Borrower (such consent not to be unreasonably

withheld or delayed) shall be required unless (x) an Event of Default has occurred

and is continuing at the time of such assignment, or (y) such assignment is to a

Lender or an Affiliate of a Lender;

provided

 that the Borrower shall be deemed to

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have consented to any such assignment unless it shall object thereto by written

notice to the Administrative Agent within ten (10) Business Days after having

received notice thereof;

 (B) the consent of the Administrative Agent (such consent not to be

unreasonably withheld or delayed) shall be required for assignments in respect of

(i) the Revolving Facility if such assignment is to a Person that is not a Lender with

a Commitment in respect of the Revolving Facility or an Affiliate of such Lender,

or (ii) any Incremental Term Loans to a Person who is not a Lender or an Affiliate

of a Lender; and

 (C) the consent of each L/C Issuer and Swingline Lender shall be

required for any assignment in respect of the Revolving Facility.

 (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 of $3,500;

provided

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 to

(A) the Borrower or any other Loan Party or any Loan Party’s Affiliates or Subsidiaries or

(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).

 (vi)

No Assignment to Natural Persons. 

No such assignment shall be made to a

natural Person (or a holding company, investment vehicle or trust for or owned and

operated for the primary benefit of a natural person) (herein any of the foregoing is a

“natural Person”).

 (vii)

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 Borrower and the

Administrative Agent, the applicable pro rata share of Loans previously requested but not

funded by the Defaulting Lender, to each of which the applicable assignee and assignor

hereby irrevocably consent), to (x) pay and satisfy in full all payment liabilities then owed

by such Defaulting Lender to the Administrative Agent, each L/C Issuer, the Swingline

Lender and each other Lender hereunder (and interest accrued thereon), and (y) acquire

(and fund as appropriate) its full pro rata share of all Loans and participations in Letters of

Credit and Swingline Loans in accordance with its Percentage. Notwithstanding the

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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 paragraph (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 13.4 and 13.6 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. Any assignment or transfer by a Lender of rights or obligations under

this Agreement that does not comply with this paragraph shall be treated for purposes of this

Agreement as a sale by such Lender of a participation in such rights and obligations in accordance

with paragraph (d) of this Section.

 (c)

Register. 

The Administrative Agent, acting solely for this purpose as an agent of the

Borrower, shall maintain at one of its offices in Chicago, Illinois

a copy of each Assignment and

Assumption delivered to it and a register for the recordation of the names and addresses of the

Lenders, and the Commitments of, and principal amounts (and stated interest) of the 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 Borrower, 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 Borrower 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

Borrower or the Administrative Agent, sell participations to any Person (other than a natural

Person or the Borrower or any other Loan Party or any Loan Party’s Affiliates or Subsidiaries or

any other Person prohibited under Section 13.2 (b)(v) (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

Commitments and/or the Loans owing to it);

 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 Borrower, the Administrative

Agent, the L/C Issuers and 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 10.8 with respect to any

payments made by such Lender to its Participant(s).

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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, modification or waiver described in Section 13.3 that

expressly relate to amendments requiring the unanimous consent of the Lenders in the Revolving

Facility in which such Participant participates. The Borrower agrees that each Participant shall be

entitled to the benefits of Sections 4.1, 4.4, and 4.5 (subject to the requirements and limitations

therein, including the requirements under Section 4.1(g) (it being understood that the

documentation required under Section 4.1(g) shall be delivered to the participating Lender)) to the

same extent as if it were a Lender and had acquired its interest by assignment pursuant to

paragraph (b) of this Section;

provided

that such Participant (A) agrees to be subject to the

provisions of Sections 2.12 and 4.7 as if it were an assignee under paragraph (b) of this Section;

and (B) shall not be entitled to receive any greater payment under Sections 4.1

or 4.4, with respect

to any participation, than its participating Lender would have been entitled to receive, except to

the extent such entitlement to receive a greater payment results from a Change in Law that occurs

after the Participant acquired the applicable participation. Each Lender that sells a participation

agrees, at the Borrower’s request and expense, to use reasonable efforts to cooperate with the

Borrower to effectuate the provisions of Section 2.12 with respect to any Participant. To the extent

permitted by law, each Participant also shall be entitled to the benefits of Section 13.6 (Right of

Setoff) as though it were a Lender; provided that such Participant agrees to be subject to

Section 13.7 (Sharing of Payments by Lenders) as though it were a Lender. Each Lender that sells

a participation shall, acting solely for this purpose as an agent of the Borrower, 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 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. 

Section 13.3. Amendments.

 Any provision of this Agreement or the other Loan Documents

may be amended or waived if, but only if, such amendment or waiver is in writing and is signed

by (a) the Borrower, (b) the Required Lenders (or the Administrative Agent acting at the direction

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of the Required Lenders) (except as otherwise stated below to require only the consent of the

Lenders affected thereby), and (c) if the rights or duties of the Administrative Agent, the

L/C Issuer, or the Swingline Lender are affected thereby, the Administrative Agent, the L/C Issuer,

or the Swingline Lender, as applicable;

provided

 that:

 (i) no amendment or waiver pursuant to this Section 13.3 shall (A) increase

any Commitment of any Lender without the consent of such Lender or (B) reduce the

amount of or postpone the date for any scheduled payment of any principal of or interest

on any Loan or of any Reimbursement Obligation or of any fee payable hereunder without

the consent of the Lender to which such payment is owing or which has committed to make

such Loan or Letter of Credit (or participate therein) hereunder;

provided, however,

 that

only the consent of the Required Lenders shall be necessary (i) to amend the default rate

provided in Section 2.9 or to waive any obligation of the Borrower to pay interest or fees

at the default rate as set forth therein 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 or any fee payable hereunder;

 (ii) no amendment or waiver pursuant to this Section 13.3 shall, unless signed

by each Lender, change the definition of Required Lenders, change the provisions of this

Section 13.3, change Section 13.7 in a manner that would affect the ratable sharing of

setoffs required thereby, change the application of payments contained in Section 3.1 or

9.5, release any material Guarantor or all or substantially all of the Collateral (except as

otherwise provided for in the Loan Documents), or affect the number of Lenders required

to take any action hereunder or under any other Loan Document; 

 (iii) no amendment or waiver pursuant to this Section 13.3 shall, unless signed

by each Lender affected thereby, extend the Revolving Credit Termination Date, or extend

the stated expiration date of any Letter of Credit beyond the Revolving Credit Termination

Date; and

 (iv) no amendment to Section 11 shall be made without the consent of the

Guarantor(s) affected thereby.

Notwithstanding anything to the contrary herein, (1) 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 (x)

the Commitment of any Defaulting Lender may not be increased or extended without the consent

of such Lender and (y) any waiver, amendment or modification requiring the consent of all Lenders

or each affected Lender that by its terms affects any Defaulting Lender more adversely than other

affected Lenders shall require the consent of such Defaulting Lender, (2) if the Administrative

Agent and the Borrower have jointly identified an obvious error or any error or omission of a

technical nature, in each case, in any provision of the Loan Documents, then the Administrative

Agent and the Borrower shall be permitted to amend such provision, (3) guarantees, collateral

security documents and related documents executed by the Borrower or any other Loan Party in

connection with this Agreement may be in a form reasonably determined by the Administrative

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Agent and may be amended, supplemented or waived without the consent of any Lender if such

amendment, supplement or waiver is delivered in order to (x) comply with local law or advice of

local counsel, (y) cure ambiguities, omissions, mistakes or defects or (z) cause such guarantee,

collateral security document or other document to be consistent with this Agreement and the other

Loan Documents, (4) the Borrower and the Administrative Agent may, without the input or

consent of any other Lender, effect amendments to this Agreement and the other Loan Documents

as may be necessary in the reasonable opinion of the Borrower and the Administrative Agent to

effect the provisions of Section 2.15, and (5) this Section 13.3 shall be subject to the terms of

Section 4.3(c) in all respects. 

Section 13.4. Costs and Expenses; Indemnification

. 

 (a)

Costs and Expenses. 

The Borrower shall pay (i) all reasonable and documented

out-of-pocket expenses incurred by the Administrative Agent and its Affiliates (including the

reasonable fees, charges and disbursements of outside counsel for the Administrative Agent), in

connection with the syndication of the Revolving Facility of any Incremental Term Loan, 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), including,

without limitation, such documented fees and expenses incurred in connection with (x) the

creation, perfection or protection of the Liens under the Loan Documents (including all title

insurance fees and all search, filing and recording fees) and (y) environmental assessments,

insurance reviews, collateral audits and valuations, and field exams as provided herein, (ii) all

documented reasonable out-of-pocket expenses incurred by any L/C Issuer in connection with the

issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment

thereunder, and (iii) all documented out-of-pocket expenses incurred by the Administrative Agent,

any Lender or any L/C Issuer (including the fees, charges and disbursements of any outside counsel

for the Administrative Agent, any Lender or any L/C Issuer), and shall pay all fees and time

charges for attorneys who may be employees of the Administrative Agent, any Lender or any L/C

Issuer, in connection with the enforcement or protection of its rights (A) in connection with this

Agreement and the other Loan Documents, including its rights under this Section, or (B) in

connection with the Loans made or Letters of Credit issued hereunder, including all such

documented out-of-pocket expenses incurred during any workout, restructuring or negotiations in

respect of such Loans or Letters of Credit (including all such costs and expenses incurred in

connection with any proceeding under the United States Bankruptcy Code involving the Borrower

or any other Loan Party as a debtor thereunder).

 (b)

Indemnification by the Loan Parties. 

Each Loan Party shall indemnify the

Administrative Agent (and any sub-agent thereof), each Lender and each L/C Issuer, 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 losses, claims, damages, liabilities

and related expenses (including the fees, charges and disbursements of any outside counsel for any

Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any Person

(including any third party or the Borrower 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

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hereto of their respective obligations hereunder or thereunder or the consummation of the

transactions contemplated hereby or thereby, or, in the case of Administrative Agent (and any

sub-agent thereof), any Swingline Lender and L/C Issuer, and their Related Parties, the

administration and enforcement of this Agreement and the other Loan Documents (including all

such costs and expenses incurred in connection with any proceeding under the United States

Bankruptcy Code involving the Borrower or any other Loan Party as a debtor thereunder), (ii) any

Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal

by any L/C Issuer to honor a demand for payment under a Letter of Credit if the documents

presented in connection with such demand do not strictly comply with the terms of such Letter of

Credit), (iii) any Environmental Claim or Environmental Liability, including with respect to the

actual or alleged presence or Release of Hazardous Materials, wastes, or products, including

manure, at, on or from any property owned or operated by any Loan Party or any of its Subsidiaries

or at any off-site location, related in any way to any 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 Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party

thereto (including, without limitation, any settlement arrangement arising from or relating to the

foregoing);

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

Borrower 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 Borrower 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. This subsection (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 (i) 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

any of them to the Administrative Agent (or any sub-agent thereof), any L/C Issuer, any Swingline

Lender or any Related Party or (ii) any liabilities, losses, damages, penalties, actions, judgments,

suits, costs, expenses or disbursements of any kind or nature whatsoever are imposed on, incurred

by, or asserted against, Administrative Agent, the L/C Issuer, any Swingline Lender or a Related

Party in any way relating to or arising out of this Agreement or any other Loan Document or any

action taken or omitted to be taken by Administrative Agent, the L/C Issuer, any Swingline Lender

or a Related Party in connection therewith, then, in each case, each Lender severally agrees to pay

to the Administrative Agent (or any such sub-agent), such L/C Issuer, such Swingline Lender 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 Total Credit Exposure at such time) of such unpaid amount (including any such unpaid

amount in respect of a claim asserted by such Lender);

provided

 that with respect to such unpaid

amounts owed to any L/C Issuer or Swingline Lender solely in its capacity as such, only the

Lenders party to the Revolving Facility shall be required to pay such unpaid amounts, such

payment to be made severally among them based on such Lenders’ pro rata share (determined as

of the time that the applicable unreimbursed expense or indemnity payment is sought based on

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each such Lender’s share of the Revolving Credit Exposure at such time); and

provided, further,

that the unreimbursed expense or indemnified 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), such L/C Issuer or such Swingline Lender 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), such

L/C Issuer or any such Swingline Lender in connection with such capacity. The obligations of the

Lenders under this subsection (c) are subject to the provisions of Section 13.15.

 (d)

Waiver of Consequential Damages, Etc. 

To the fullest extent permitted by applicable

law, the Loan Parties shall not assert, and hereby waives, any claim against any Indemnitee, 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, any Loan or Letter of Credit, 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 by it 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.

 (e)

Payments. 

All amounts due under this Section shall be payable not later than 30 days

after demand therefor.

 (f)

Survival. 

Each party’s obligations under this Section shall survive the termination of

the Loan Documents and payment of the obligations hereunder.

Section 13.5. No Waiver, Cumulative Remedies.

 No delay or failure on the part of the

Administrative Agent, the L/C Issuer, or any Lender, or on the part of the holder or holders of any

of the Obligations, in the exercise of any power or right under any Loan Document shall operate

as a waiver thereof or as an acquiescence in any default, nor shall any single or partial exercise of

any power or right preclude any other or further exercise thereof or the exercise of any other power

or right. The rights and remedies hereunder of the Administrative Agent, the L/C Issuer, the

Lenders, and of the holder or holders of any of the Obligations are cumulative to, and not exclusive

of, any rights or remedies which any of them would otherwise have.

 Section 13.6. Right of Setoff.

 In addition to any rights now or hereafter granted under the

Loan Documents or applicable law and not by way of limitation of any such rights, if an Event of

Default shall have occurred and be continuing, each Lender, each L/C Issuer, 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, such L/C Issuer or any such Affiliate, to

or for the credit or the account of the Borrower or any other Loan Party against any and all of the

obligations of the Borrower or such Loan Party now or hereafter existing under this Agreement or

any other Loan Document to such Lender or such L/C Issuer or their respective Affiliates,

irrespective of whether or not such Lender, L/C Issuer or Affiliate shall have made any demand

under this Agreement or any other Loan Document and although such obligations of the Borrower

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or such Loan Party may be contingent or unmatured or are owed to a branch, office or Affiliate of

such Lender or such L/C Issuer 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, (x) all amounts so set off shall be paid over immediately to the

Administrative Agent for further application in accordance with the provisions of Section 2.13

and, pending such payment, shall be segregated by such Defaulting Lender from its other funds

and deemed held in trust for the benefit of the Administrative Agent, the L/C Issuers, and the

Lenders, and (y) the Defaulting Lender shall provide promptly to the Administrative Agent a

statement describing in reasonable detail the Obligations owing to such Defaulting Lender as to

which it exercised such right of setoff. The rights of each Lender, each L/C Issuer and their

respective Affiliates under this Section are in addition to other rights and remedies (including other

rights of setoff) that such Lender, such L/C Issuer or their respective Affiliates may have. Each

Lender and L/C Issuer 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.

Section 13.7. Sharing of Payments by Lenders.

 If any Lender shall, by exercising any right

of setoff or counterclaim or otherwise, obtain payment in respect of any principal of or interest on

any of its Loans or other obligations hereunder resulting in such Lender receiving payment of a

proportion of the aggregate amount of its Loans and accrued interest thereon or other such

obligations greater than its pro rata share thereof as provided herein, then the Lender receiving

such greater proportion shall (a) notify the Administrative Agent of such fact, and (b) purchase

(for cash at face value) participations in the Loans and such other obligations of the other Lenders,

or make such other adjustments as shall be equitable, so that the benefit of all such payments shall

be shared by the Lenders ratably in accordance with the aggregate amount of principal of and

accrued interest on their respective Loans and other amounts owing them;

provided

that:

 (a) if any such participations are purchased and all or any portion of the

payment giving rise thereto is recovered, such participations shall be rescinded and the

purchase price restored to the extent of such recovery, without interest; and

 (b) the provisions of this Section shall not be construed to apply to (x) any

payment made by the Borrower pursuant to and in accordance with the express terms of

this Agreement (including the application of funds arising from the existence of a

Defaulting Lender), or (y) any payment obtained by a Lender as consideration for the

assignment of or sale of a participation in any of its Loans or participations in L/C

Obligations to any assignee or participant, other than to any Loan Party or any Subsidiary

thereof (as to which the provisions of this Section shall apply).

Each Loan Party consents to the foregoing and agrees, to the extent it may effectively do so under

applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements

may exercise against each Loan Party rights of setoff and counterclaim with respect to such

participation as fully as if such Lender were a direct creditor of each Loan Party in the amount of

such participation.

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Section 13.8. Survival of Representations.

 All representations and warranties made herein

or in any other Loan Document or in certificates given pursuant hereto or thereto shall survive the

execution and delivery of this Agreement and the other Loan Documents, and shall continue in

full force and effect with respect to the date as of which they were made as long as any credit is in

use or available hereunder.

Section 13.9.

Survival of Indemnities.

 All indemnities and other provisions relative to

reimbursement to the Lenders and L/C Issuer of amounts sufficient to protect the yield of the

Lenders and L/C Issuer with respect to the Loans and Letters of Credit, including, but not limited

to, Sections 4.1, 4.4, 4.5, and 13.4, shall survive the termination of this Agreement and the other

Loan Documents and the payment of the Obligations.

Section 13.10. Counterparts; Integration; Effectiveness

. 

 (a)

Counterparts; Integration; Effectiveness.

 This Agreement may be executed in

counterparts (and by different parties hereto in different counterparts), each of which shall

constitute an original, but all of which when taken together shall constitute a single contract. This

Agreement and 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 7.2, 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 by facsimile or in electronic (e.g., “pdf” or “tif”) format shall be effective

as delivery of a manually executed counterpart of this Agreement. 

 (b)

Electronic Execution of Assignments.

 The words “execution,” “signed,” “signature,”

and words of like import in any Assignment and Assumption shall be deemed to include electronic

signatures or the keeping of records in electronic form, each of which shall be of the same legal

effect, validity or enforceability as a manually executed signature or the use of a paper-based

recordkeeping system, as the case may be, to the extent and as provided for in any applicable law,

including the Federal Electronic Signatures in Global and National Commerce Act, the Illinois

State Electronic Commerce Security Act, or any other similar state laws based on the Uniform

Electronic Transactions Act. 

Section 13.11. Headings.

 Section headings used in this Agreement are for reference only

and shall not affect the construction of this Agreement.

Section 13.12. Severability of Provisions.

 Any provision of any Loan Document which is

unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such

unenforceability without invalidating the remaining provisions hereof or affecting the validity or

enforceability of such provision in any other jurisdiction. All rights, remedies and powers

provided in this Agreement and the other Loan Documents may be exercised only to the extent

that the exercise thereof does not violate any applicable mandatory provisions of law, and all the

provisions of this Agreement and other Loan Documents are intended to be subject to all applicable

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mandatory provisions of law which may be controlling and to be limited to the extent necessary

so that they will not render this Agreement or the other Loan Documents invalid or unenforceable.

Section 13.13. Construction

. The parties acknowledge and agree that the Loan Documents

shall not be construed more favorably in favor of any party hereto based upon which party drafted

the same, it being acknowledged that all parties hereto contributed substantially to the negotiation

of the Loan Documents. The provisions of this Agreement relating to Subsidiaries shall only apply

during such times as the Borrower has one or more Subsidiaries. N

OTHING CONTAINED HEREIN

SHALL BE DEEMED OR CONSTRUED TO PERMIT ANY ACT OR OMISSION WHICH IS PROHIBITED BY THE

TERMS OF ANY

C

OLLATERAL

D

OCUMENT

,

 THE COVENANTS AND AGREEMENTS CONTAINED HEREIN

BEING IN ADDITION TO AND NOT IN SUBSTITUTION FOR THE COVENANTS AND AGREEMENTS

CONTAINED IN THE

C

OLLATERAL

D

OCUMENTS

.

Section 13.14. Excess Interest

. Notwithstanding any provision to the contrary contained

herein or in any other Loan Document, no such provision shall require the payment or permit the

collection of any amount of interest in excess of the maximum amount of interest permitted by

applicable law to be charged for the use or detention, or the forbearance in the collection, of all or

any portion of the Loans or other obligations outstanding under this Agreement or any other Loan

Document (

“Excess Interest”

). If any Excess Interest is provided for, or is adjudicated to be

provided for, herein or in any other Loan Document, then in such event (a) the provisions of this

Section shall govern and control, (b) neither the Borrower nor any guarantor or endorser shall be

obligated to pay any Excess Interest, (c) any Excess Interest that the Administrative Agent or any

Lender may have received hereunder shall, at the option of the Administrative Agent, be (i) applied

as a credit against the then outstanding principal amount of Obligations hereunder and accrued and

unpaid interest thereon (not to exceed the maximum amount permitted by applicable law),

(ii) refunded to the Borrower, or (iii) any combination of the foregoing, (d) the interest rate payable

hereunder or under any other Loan Document shall be automatically subject to reduction to the

maximum lawful contract rate allowed under applicable usury laws (the

“Maximum Rate”

), and

this Agreement and the other Loan Documents shall be deemed to have been, and shall be,

reformed and modified to reflect such reduction in the relevant interest rate, and (e) neither the

Borrower nor any guarantor or endorser shall have any action against the Administrative Agent or

any Lender for any damages whatsoever arising out of the payment or collection of any Excess

Interest. Notwithstanding the foregoing, if for any period of time interest on any of Borrower’s

Obligations is calculated at the Maximum Rate rather than the applicable rate under this

Agreement, and thereafter such applicable rate becomes less than the Maximum Rate, the rate of

interest payable on the Borrower’s Obligations shall remain at the Maximum Rate until the

Lenders have received the amount of interest which such Lenders would have received during such

period on the Borrower’s Obligations had the rate of interest not been limited to the Maximum

Rate during such period.

Section 13.15. Lender’s and L/C Issuer’s Obligations Several

. The obligations of the

Lenders and L/C Issuer hereunder are several and not joint. Nothing contained in this Agreement

and no action taken by the Lenders or L/C Issuer pursuant hereto shall be deemed to constitute the

Lenders and L/C Issuer a partnership, association, joint venture or other entity.

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Section 13.16. No 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), each Loan Party acknowledges and

agrees, and acknowledges its Affiliates’ understanding, that: (a) (i) no fiduciary, advisory or

agency relationship between any Loan Party and its Subsidiaries and the Administrative Agent,

the L/C Issuer, or any Lender is intended to be or has been created in respect of the transactions

contemplated hereby or by the other Loan Documents, irrespective of whether the Administrative

Agent, the L/C Issuer, or any Lender has advised or is advising any Loan Party or any of its

Subsidiaries on other matters, (ii) the arranging and other services regarding this Agreement

provided by the Administrative Agent, the L/C Issuer, and the Lenders are arm’s-length

commercial transactions between such Loan Parties and their Affiliates, on the one hand, and the

Administrative Agent, the L/C Issuer, and the Lenders, on the other hand, (iii) each Loan Party has

consulted its own legal, accounting, regulatory and tax advisors to the extent that it has deemed

appropriate and (iv) each 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; and (b) (i) the Administrative Agent, the L/C Issuer, and the Lenders 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 any Loan Party or

any of its Affiliates, or any other Person; (ii) none of the Administrative Agent, the L/C Issuer,

and the Lenders has any obligation to any Loan Party or any of its Affiliates with respect to the

transactions contemplated hereby except those obligations expressly set forth herein and in the

other Loan Documents; and (iii) the Administrative Agent, the L/C Issuer, and the Lenders and

their respective Affiliates may be engaged, for their own accounts or the accounts of customers, in

a broad range of transactions that involve interests that differ from those of any Loan Party and its

Affiliates, and none of the Administrative Agent, the L/C Issuer, and the Lenders has any

obligation to disclose any of such interests to any Loan Party or its Affiliates. To the fullest extent

permitted by law, each Loan Party hereby waives and releases any claims that it may have against

the Administrative Agent, the L/C Issuer, and the Lenders with respect to any breach or alleged

breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated

hereby.

Section 13.17. Governing Law; Jurisdiction; Consent to Service of Process

. (a) This

Agreement, the Notes and the other Loan Documents (except as otherwise specified therein), and

the rights and duties of the parties hereto, shall be construed and determined in accordance with

the laws of the State of Illinois

without regard to conflicts of law principles that would require

application of the laws of another jurisdiction.

 (b) Each party hereto hereby irrevocably and unconditionally submits, for itself and its

property, to the nonexclusive jurisdiction of the United States District Court for the Northern

District of Illinois and of any Illinois State court sitting in the City of Chicago, and any appellate

court from any thereof, in any action or proceeding arising out of or relating to any Loan

Document, or for recognition or enforcement of any judgment, and each party hereto hereby

irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding

may be heard and determined in such Illinois State court or, to the extent permitted by applicable

Legal Requirements, in such federal court. Each party hereto hereby agrees that a final judgment

in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by

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suit on the judgment or in any other manner provided by applicable Legal Requirements. Nothing

in this Agreement or any other Loan Document or otherwise shall affect any right that the

Administrative Agent, the L/C Issuer or any Lender may otherwise have to bring any action or

proceeding relating to this Agreement or any other Loan Document against the Borrower or any

Guarantor or its respective properties in the courts of any jurisdiction.

 (c) Each Loan Party hereby irrevocably and unconditionally waives, to the fullest extent

permitted by applicable Legal Requirements, any objection which it may now or hereafter have to

the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement or

any other Loan Document in any court referred to in Section 13.17(b). Each party hereto hereby

irrevocably waives, to the fullest extent permitted by applicable Legal Requirements, the defense

of an inconvenient forum to the maintenance of such action or proceeding in any such court.

 (d) Each party to this Agreement irrevocably consents to service of process in any action

or proceeding arising out of or relating to any Loan Document, in the manner provided for notices

(other than telecopy or e-mail) in Section 13.1. Nothing in this Agreement or any other Loan

Document will affect the right of any party to this Agreement to serve process in any other manner

permitted by applicable Legal Requirements.

Section 13.18. Waiver of Jury Trial

. Each party hereto hereby irrevocably waives, to the

fullest extent permitted by applicable Legal Requirements, any right it may have to a trial by jury

in any legal proceeding directly or indirectly arising out of or relating to any Loan Document or

the transactions contemplated thereby (whether based on contract, tort or any other theory). Each

party hereto (a) certifies that no representative, agent or attorney of any other party has represented,

expressly or otherwise, that such other party 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 by, among other things, the mutual waivers and certifications in this

Section.

Section 13.19. USA Patriot Act

. Each Lender and L/C Issuer that is subject to the

requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26,

2001)) (the

“Act”

) hereby notifies the Borrower that pursuant to the requirements of the Act, it is

required to obtain, verify, and record information that identifies the Borrower, which information

includes the name and address of the Borrower and other information that will allow such Lender

or L/C Issuer to identify the Borrower in accordance with the Act.

Section 13.20. Confidentiality

. Each of the Administrative Agent, the Lenders and the L/C

Issuers agree to maintain the confidentiality of the Information (as defined below), except that

Information may be disclosed (a) 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 instructed and agrees to keep such Information confidential); (b) to the extent

required by any regulatory authority purporting to have jurisdiction over such Person or its Related

Parties (including any self-regulatory authority, such as the National Association of Insurance

Commissioners); (c) to the extent required by applicable laws or regulations or by any subpoena

or similar legal process; (d) to any other party hereto; (e) in connection with the exercise of any

remedies hereunder or under any other Loan Document or any action or proceeding relating to this

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Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder;

(f) subject to an agreement containing provisions substantially the same as those of this Section,

to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its

rights and obligations under this Agreement, or (ii) 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 Borrower and its obligations, this Agreement or payments hereunder; (g) on a

confidential basis to (i) any rating agency in connection with rating any Loan Party or its

Subsidiaries or the Revolving Facility or any Incremental Term Loan or (ii) the CUSIP Service

Bureau or any similar agency in connection with the issuance and monitoring of CUSIP numbers

with respect to the Revolving Facility or Incremental Term Loan; (h) with the consent of the

Borrower; or (i) to the extent such Information (x) becomes publicly available other than as a result

of a breach of this Section, or (y) becomes available to the Administrative Agent, any Lender, any

L/C Issuer or any of their respective Affiliates on a nonconfidential basis from a source other than

the Borrower. For purposes of this Section,

“Information”

 means all information received from a

Loan Party or any of its Subsidiaries relating to a Loan Party or any of its Subsidiaries or any of

their respective businesses, other than any such information that is available to the Administrative

Agent, any Lender or any L/C Issuer on a nonconfidential basis prior to disclosure by a Loan Party

or any of its Subsidiaries;

provided

 that, in the case of information received from a Loan Party or

any of its Subsidiaries after the date hereof, such information is clearly identified at the time of

delivery as confidential or is information that is not made available to the public and as such

whether or not marked as confidential is to be held in confidence by the recipient. 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.

 Section 13.21. Acknowledgement and Consent to Bail-In of EEA Financial Institutions. 

Notwithstanding anything to the contrary in any Loan Document or in any other agreement,

arrangement or understanding among any such parties, each party hereto (including any party

becoming a party hereto by virtue of an Assignment and Assumption) acknowledges that any

liability of any EEA Financial Institution arising under any Loan Document, to the extent such

liability is unsecured, may be subject to the write-down and conversion powers of an EEA

Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

 (a) the application of any Write-Down and Conversion Powers by an EEA

Resolution Authority to any such liabilities arising hereunder which may be payable to it

by any party hereto that is an EEA Financial Institution; and

 (b) the effects of any Bail-in Action on any such liability, including, if

applicable:

 (i) a reduction in full or in part or cancellation of any such liability;

 (ii) a conversion of all, or a portion of, such liability into shares or other

instruments of ownership in such EEA Financial Institution, its parent undertaking,

or a bridge institution that may be issued to it or otherwise conferred on it, and that

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such shares or other instruments of ownership will be accepted by it in lieu of any

rights with respect to any such liability under this Agreement or any other Loan

Document; or

 (iii) the variation of the terms of such liability in connection with the

exercise of the write-down and conversion powers of any EEA Resolution

Authority.

 Section 13.22. Amendment and Restatement

. This Agreement amends and restates the

Existing Credit Agreement and is not intended to be or operate as a novation or an accord and

satisfaction of the Existing Credit Agreement or the indebtedness, obligations and liabilities of the

Loan Parties evidenced or provided for thereunder. Without limiting the generality of the

foregoing, each Loan Party agrees that notwithstanding the execution and delivery of this

Agreement, the Liens previously granted to the Administrative Agent pursuant to the Collateral

Documents shall be and remain in full force and effect and that any rights and remedies of the

Administrative Agent thereunder and obligations of the Loan Parties thereunder shall be and

remain in full force and effect, shall not be affected, impaired or discharged thereby (except as

expressly amended by the Loan Documents) and shall secure all of the Borrower’s indebtedness,

obligations and liabilities to the Administrative Agent and the Lenders under the Existing Credit

Agreement as amended and restated hereby. Without limiting the foregoing, the parties to this

Agreement hereby acknowledge and agree that the “Credit Agreement” and the “Notes” referred

to in the Collateral Documents shall from and after the date hereof be deemed references to this

Agreement and the Notes issued hereunder.

 Section 13.23. Acknowledgement Regarding Any Supported QFCs.

 (a) To the extent that

the Loan Documents provide support, through a guarantee or otherwise, for Hedge Agreements or

any other agreement or instrument that is a QFC (such support,

“QFC Credit Support”

, and each

such QFC, a

“Supported QFC”

), the parties acknowledge and agree as follows with respect to the

resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit

Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act

(together with the regulations promulgated thereunder, the

“U.S. Special Resolution Regimes”

) in

respect of such Supported QFC and QFC Credit Support (with the provisions below applicable

notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to be

governed by the laws of the State of New York and/or of the United States or any other state of

the United States):

In the event a Covered Entity that is party to a Supported QFC (each, a

“Covered

Party”

) becomes subject to a proceeding under a U.S. Special Resolution Regime, the

transfer of such Supported QFC and the benefit of such QFC Credit Support (and any

interest and obligation in or under such Supported QFC and such QFC Credit Support, and

any rights in property securing such Supported QFC or such QFC Credit Support) from

such Covered Party will be effective to the same extent as the transfer would be effective

under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit

Support (and any such interest, obligation and rights in property) were governed by the

laws of the United States or a state of the United States. In the event a Covered Party or a

BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special

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Resolution Regime, Default Rights under the Loan Documents that might otherwise apply

to such Supported QFC or any QFC Credit Support that may be exercised against such

Covered Party are permitted to be exercised to no greater extent than such Default Rights

could be exercised under the U.S. Special Resolution Regime if the Supported QFC and

the Loan Documents were governed by the laws of the United States or a state of the United

States. Without limitation of the foregoing, it is understood and agreed that rights and

remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights

of any Covered Party with respect to a Supported QFC or any QFC Credit Support.

 (b)

Certain Defined Terms.

 As used in this Section 13.23(a):

 “

BHC Act Affiliate”

 of a party means an “affiliate” (as such

term is defined under, and interpreted in accordance with, 12 U.S.C.

1841(k)) of such party.

 “Covered Entity”

 means any of the following: (i) a “covered

entity” as that term is defined in, and interpreted in accordance with,

12 C.F.R. § 252.82(b); (ii) a “covered bank” as that term is defined

in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or (iii) a

“covered FSI” as that term is defined in, and interpreted in

accordance with, 12 C.F.R. § 382.2(b).

 “Default Right”

 has the meaning assigned to that term in,

and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81,

47.2 or 382.1, as applicable.

“QFC”

 has the meaning assigned to the term “qualified financial contract” in, and shall be

interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D).

[S

IGNATURE

P

AGES TO

F

OLLOW

]

This Amended and Restated Credit Agreement is entered into between us for the uses and

purposes hereinabove set forth as of the date first above written.

“B

ORROWER

”

C

AL

-M

AINE

F

OODS

,

I

NC

.

By ____________________________________

Max Bowman

Vice President – Chief Financial Officer

“G

UARANTORS

”

A

MERICAN

E

GG

P

RODUCTS

,

LLC

By ____________________________________

Max Bowman

Vice President – Chief Financial Officer of

Cal-Maine Foods, Inc.

B

ENTON

C

OUNTY

F

OODS

,

LLC

By ____________________________________

Max Bowman

Vice President – Chief Financial Officer of

Cal-Maine Foods, Inc.

W

HARTON

C

OUNTY

F

OODS

,

LLC

By ____________________________________

Max Bowman

Vice President – Chief Financial Officer of

Cal-Maine Foods, Inc.

S

OUTHERN

E

QUIPMENT

D

ISTRIBUTORS

,

I

NC

.

By ____________________________________

Max Bowman

Vice President – Chief Financial Officer of

Cal-Maine Foods, Inc.

S

OUTH

T

EXAS

A

PPLICATORS

,

I

NC

.

By ____________________________________

Max Bowman

Vice President – Chief Financial Officer of

Cal-Maine Foods, Inc.

R

ED

R

IVER

V

ALLEY

E

GG

F

ARM

,

LLC

By ____________________________________

Max Bowman

Vice President – Chief Financial Officer of

Cal-Maine Foods, Inc.

C

AL

-M

AINE

R

EAL

E

STATE

LLC

By ____________________________________

Max Bowman

Vice President – Chief Financial Officer of

Cal-Maine Foods, Inc.

T

EXAS

E

GG

P

RODUCTS

,

LLC

By ____________________________________

Max Bowman

Vice President – Chief Financial Officer of

Cal-Maine Foods, Inc.

“A

DMINISTRATIVE

A

GENT AND

L/C I

SSUER

”

BMO

H

ARRIS

B

ANK

N.A., as L/C Issuer and as

Administrative Agent

By: ____________________________________

 David J. Bechstein

 Director

“L

ENDERS

”

BMO

H

ARRIS

B

ANK

N.A.

By: ____________________________________

 David J. Bechstein

 Director

G

REEN

S

TONE

F

ARM

C

REDIT

S

ERVICES

,

ACA

By ____________________________________

 Name _______________________________

 Title ________________________________

A

G

F

IRST

F

ARM

C

REDIT

B

ANK

By ____________________________________

 Name _______________________________

 Title ________________________________

C

OMPEER

F

INANCIAL

,

ACA

By ____________________________________

 Name _______________________________

 Title ________________________________

F

ARM

C

REDIT

B

ANK OF

T

EXAS

By ____________________________________

 Name _______________________________

 Title ________________________________