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CREDIT AGREEMENT

BORROWER: TechCorp Industries, LLC
ADMINISTRATIVE AGENT: JPMorgan Chase Bank, N.A.
DATE: March 15, 2024

SECTION 2.01 REVOLVING COMMITMENTS. Subject to the terms and conditions set forth herein, each Lender severally agrees to make revolving credit loans to the Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in such Lender's Revolving Credit Exposure exceeding such Lender's Revolving Commitment.

The aggregate principal amount of the Revolving Facility shall not exceed $250,000,000 at any time outstanding.

SECTION 6.01 FINANCIAL COVENANTS. The Borrower shall maintain:

(a) Minimum Interest Coverage Ratio: A ratio of EBITDA to Interest Expense of not less than 3.50 to 1.00 as of the end of each fiscal quarter.

(b) Maximum Total Leverage Ratio: A ratio of Total Funded Debt to EBITDA of not greater than 4.25 to 1.00 as of the end of each fiscal quarter.

SECTION 7.01 RESTRICTED PAYMENTS. The Borrower shall not make any Restricted Payment except: (a) dividends payable solely in common stock, and (b) other Restricted Payments in an aggregate amount not to exceed $15,000,000 per fiscal year.

Facility Overview

Core facility structure, amounts, pricing, collateral

Key Parties

Borrower, lenders, agents, guarantors, etc.

Financial Covenants

Leverage ratios, coverage ratios, and maintenance requirements

Indebtedness

Permitted debt categories, subordination terms, and debt limitations

Liens

Security interests, collateral requirements, and lien priorities

Investments

Permitted investment types, joint ventures, and acquisition restrictions

Restricted Payments

Dividend limitations, distribution caps, and payment restrictions

Default Provisions

Events of default, cross-default provisions, and cure periods

Guarantees & Security

Pledged assets, guarantees, and security package details

Prepayment

Mandatory prepayments, optional prepayments, and penalties