Common use of Foreign Collateral Clause in Contracts

Foreign Collateral. Each of OrthoPediatrics EU, OrthoPediatrics Aus and OrthoPediatrics NZ (each a “Non U.S. Loan Party”) shall execute all security and collateral agreements and amendments to this Agreement from time to time that are necessary in the sole discretion of Lender in order for the Lender to continue to have a priority lien on all Collateral owned by such Non U.S. Loan Party including all filings and recordations under the laws of the jurisdiction where such party is organized or where the Collateral may be located.