Exhibit 10.6

 

WAIVER OF SPECIFIED COVENANTS

 

Reference is made to the Credit Facility Agreement dated as of August 30, 2006
(the “Agreement”) by and between TechTarget, Inc., a Delaware corporation with
its principal place of business at 117 Kendrick Street, Needham, MA 02494 as
“Borrower,” and Citizens Bank of Massachusetts now known as RBS Citizens,
National Association, its successor by merger (the “Bank”) with its principal
place of business at 28 State Street, Boston, Massachusetts 02109, as amended by
the First Amendment to Credit Facility Agreement dated August 30, 2007 and
further amended by the Second Amendment to Credit Facility Agreement dated
December 18, 2008 and further amended by the Third Amendment to Credit Facility
Agreement dated December 17, 2009.  Capitalized terms not otherwise defined
herein shall have the same meaning assigned to them in the Agreement.

 

WHEREAS, the Borrower has requested that Bank waive certain provisions of the
Agreement with respect to the period ending September 30, 2009.

 

1.                                       The Bank hereby waives the provisions
of Sections 12A.3 of the Agreement for delivery of the financial statements and
Covenant Compliance Certificate for the period ended September 30, 2009 as
required by said Sections 12A.3, provided, that such delivery is made by the
close of business on February 26, 2010.

 

2.                                       No other waivers shall be deemed
granted by the Bank except as expressly set forth above, and the only waivers
with respect to the Agreement are as set forth herein in writing.  Nothing
herein contained shall be deemed to constitute an undertaking on the part of the
Bank to grant other or future waivers of the foregoing or any other covenant.

 

3.                                       All other terms of the Agreement shall
continue in full force and effect.  The obligations of the Borrower under all
other documents and instruments executed in connection with the Agreement,
except as specifically waived or modified herein or by any other amendment or
waiver executed by the parties hereto, remain in full force and effect and are
hereby ratified and confirmed by the Borrower.

 

4.                                       BORROWER REPRESENTS AND WARRANTS TO THE
BANK THAT (I) NO DEFAULT UNDER THE AGREEMENT OR UNDER ANY OTHER DOCUMENTS AND
INSTRUMENTS EXECUTED IN CONNECTION WITH THE AGREEMENT HAS OCCURRED AND IS
CONTINUING; (II) BORROWER HAS COMPLIED WITH ALL THE COVENANTS AND AGREEMENTS
CONTAINED IN THE AGREEMENT TO BE PERFORMED BY THE BORROWER; (III) THE
REPRESENTATIONS AND WARRANTIES OF BORROWER CONTAINED IN THE AGREEMENT ARE TRUE
AND CORRECT IN ALL MATERIAL RESPECTS AS OF THE DATE HEREOF; AND (IV) THIS
DOCUMENT HAS BEEN AUTHORIZED BY ALL NECESSARY CORPORATE ACTION ON THE PART OF
THE BORROWER.

 

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Executed this      day of January, 2010 under seal.

 

 

 

TECHTARGET, INC.

 

 

 

 

 

By:

 

 

Its:

 

 

 

 

 

 

RBS CITIZENS, NATIONAL ASSOCIATION,

 

successor by merger to Citizens Bank of Massachusetts

 

 

 

 

 

By:

 

 

William M. Clossey, Vice President

 

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