Document:

First  Amendment to Loan and Security Agreement

 Exhibit 10.1 
 FIRST AMENDMENT 
 TO  

LOAN AND SECURITY AGREEMENT 
 This First Amendment to Loan and Security Agreement (the “Amendment”), is entered into as of March 28, 2012, by and between Square 1 Bank (the “Bank”)
and Local.com Corporation, Krillion, Inc. and Screamin Media Group, Inc. (collectively known as, the “Borrower”). 
 RECITALS 
 Borrower and Bank are parties to that certain Loan and Security Agreement
dated as of August 3, 2011 (as amended from time to time, the “Agreement”). The parties desire to amend the Agreement in accordance with the terms of this Amendment. Unless otherwise defined herein, capitalized terms
shall have the same meaning as given to them in the Agreement. 
 NOW, THEREFORE, the parties agree as follows: 

 

	1)	Section 6.7 of the Agreement is hereby amended and restated, as follows: 

6.7 Financial Covenants. Borrower shall at all times maintain the following financial ratios and covenants:

 (a) EBITDA. For the corresponding months set forth in the table immediately below, calculated on a
cumulative year-to-date basis, an Adjusted EBITDA of not less than the amounts shown. Minimum amounts for 2013 shall be set (or reset as appropriate) by Bank in an amendment of this Agreement, which Borrower hereby agrees to execute, following
Bank’s receipt from Borrower of Borrower’s 2013 financial and operating plan, which shall be approved by Borrower’s board of directors and delivered to Bank no later than January 15, 2013. 

 

			
	 A
	  	 B

	 Applicable Month
	  	 Minimum Adjusted EBITDA

	 January 31, 2012
	  	$(1,229,652)
	 February 29, 2012
	  	$(1,773,349)
	 March 31, 2012
	  	$(2,049,756)
	 April 30, 2012
	  	$(2,390,055)
	 May 31, 2012
	  	$(2,754,460)
	 June 30, 2012
	  	$(3,108,174)
	 July 31, 2012
	  	$(3,379,157)
	 August 31, 2012
	  	$(3,610,733)
	 September 30, 2012
	  	$(3,786,678)
	 October 31, 2012
	  	$(3,668,619)
	 November 30, 2012
	  	$(3,674,747)
	 December 31, 2012
	  	$(3,457,320)

 Local.com Corporation – 1st Amendment to LSA 

  
 1 

 (b) Liquidity Ratio. A Liquidity Ratio of at least 1.25 to 1.00.
Notwithstanding the foregoing, a violation of this Liquidity Ratio covenant shall not be deemed an Event of Default under this Agreement, if, within five (5) days of the date the violation occurred, Borrower cures such violation and achieves
compliance with this subsection (b). 
  

	2)	Subsections (a), (b), and (c) of the definition of “Eligible Accounts” in Exhibit A to the Agreement are hereby amended and restated, as follows:

 (a) Account balances that the account debtor has failed to pay in full within 120 days of
invoice date; 
 (b) Account credit balances greater than 120 days from invoice date; 

(c) Accounts with respect to an account debtor, 25% of whose Accounts the account debtor has failed to pay within
120 days of invoice date; 
  

	3)	Unless otherwise defined, all initially capitalized terms in this Amendment shall be as defined in the Agreement. The Agreement, as amended hereby, shall be and remain
in full force and effect in accordance with its respective terms and hereby is ratified and confirmed in all respects. Except as expressly set forth herein, the execution, delivery, and performance of this Amendment shall not operate as a waiver of,
or as an amendment of, any right, power, or remedy of Bank under the Agreement, as in effect prior to the date hereof. Borrower ratifies and reaffirms the continuing effectiveness of all agreements entered into in connection with the Agreement.

  

	4)	Borrower represents and warrants that the representations and warranties contained in the Agreement are true and correct as of the date of this Amendment.

  

	5)	This Amendment may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one instrument.

 Local.com Corporation – 1st Amendment to LSA 

  
 2 

	6)	As a condition to the effectiveness of this Amendment, Bank shall have received, in form and substance satisfactory to Bank, the following: 

 

	 	a)	this Amendment, duly executed by Borrower; 

  

	 	b)	payment for all Bank Expenses, including Bank’s expenses in the documentation of this Amendment and any related documents, which may be debited from any of
Borrower’s accounts; and 

  

	 	c)	such other documents and completion of such other matters, as Bank may reasonably deem necessary or appropriate. 

[Remainder of Page Intentionally Left Blank] 
 Local.com Corporation – 1st Amendment to LSA 

  
 3 

 IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the first date above written.

  

									
	LOCAL.COM CORPORATION	 		 	SQUARE 1 BANK
					
	By:	 	 /s/ Kenneth S. Cragun
	 		 	By:	 	 /s/ David B. Kho

	Name:	 	Kenneth S. Cragun	 		 	Name:	 	David B. Kho
	Title:	 	CFO	 		 	Title:	 	Venture Banking Officer
				
	KRILLION, INC.	 		 		 	
					
	By:	 	 /s/ Kenneth S. Cragun
	 		 		 	
	Name:	 	Kenneth S. Cragun	 		 		 	
	Title:	 	CFO	 		 		 	
				
	SCREAMIN MEDIA GROUP, INC.	 		 		 	
					
	By:	 	 /s/ Kenneth S. Cragun
	 		 		 	
	Name:	 	Kenneth S. Cragun	 		 		 	
	Title:	 	CFO	 		 		 	

 [Signature Page to First Amendment to Loan and Security Agreement] 

Local.com Corporation – 1st Amendment to LSA 

  
 4EX-10.41

 Exhibit 10.41 
 Lease Renewal Agreement 
  

			
	 Effective Date:
	  	January 1, 2013
	 Ending Date:
	  	December 31, 2014
		
	 Leased Premises:
	  	2190 Dividend Drive, Columbus, OH 32228
		
	 Landlord:
	  	Dividend Drive LLC
		
	 Tenant:
	  	Intellinetics, Inc.

 This lease as amended terminates on December 31, 2012. 
 Landlord and Tenant now desire to further modify and amend the Original Lease. The Landlord and Tenant hereby agree as follows: 
 Extension of Term: The Lease shall be amended to state that the term of the Lease shall be extended for two (2) years from the current expiration date, such that the lease now shall terminate on
December 31, 2014. 
 Net Rent: The lease shall state that the Tenant shall pay to the Landlord the same amount of rent as in the current
lease which is $3,375.00 per month. 
 ALL OTHER TERMS AND CONDITIONS OF THE LEASE, AS AMENDED, SHALL REMAIN UNCHANGED AND SHALL BE BINDING
ON THE LANDLORD AND TENANT AS STATED THEREIN. 
 Acknowledged and Agreed: 

 

									
	 LANDLORD: Dividend Drive LLC
	 		 	TENANT: Intellinetics, Inc.
					
	By:	 	/s/    Robert G. Hadley        	 		 	By:	 	/s/    Matthew L. Chretien        
					
	Name:	 	Robert G. Hadley	 		 	Name:	 	Matthew L. Chretien
					
	Its:	 	Manager	 		 	Its:	 	E.V.P./C.T.O.

 STATE OF OHIO 
 COUNTY OF FRANKLIN :SS 
 One this 20th day of February 2012, before me Matt Chretien, the
undersigned Notary Public personally appeared at Intellinetics, a member of Intellinetics personally known to proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument, and acknowledged
that he/she executed it. 
 Witness my Hand and Official Seal. 
  

			
		
	

	  	 
	  	 /s/    A. Michael
Chretien        

	  	Notary’s Signature
	  	 A. Michael Chretien

	  	Name (typed or printed)

  
  

STATE OF OHIO 
 COUNTY OF FRANKLIN :SS

 One this 21 day of February 2012, before me Robert G. Hadley, the undersigned Notary Public personally appeared Dividend Drive LLC, a
member of Dividend Drive, LLC personally known to me/proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument, and acknowledged that he/she executed it. 

Witness my Hand and Official Seal. 
  

			
		
	

	  	 /s/    Keith K.
Meadows        

	  	Notary’s Signature
	  	 Keith K. Meadows

	  	Name (typed or printed)EX-10.42

 Exhibit 10.42 

 
 

 
 December 21, 2011 
 The Delaware County Bank and Trust Company 
 110 Riverbend Avenue 

P.O. Box 1001 
 Lewis Center, Ohio
43035 
 Re: Request for Consent under Business Loan Agreement, dated as of March 24, 2004 (as amended and modified,
“Loan Agreement”), and any and all documents related thereto (“Loan Documents”) between Intellinetics, Inc. (“Intellinetics”) and The Delaware County Bank and Trust Company (“Lender”) 

Ladies and Gentlemen: 

The shareholders of Intellinetics desire to enter into a share exchange transaction with a public shell corporation named
Globalwise Investments, Inc., a Nevada corporation (“Globalwise”), whereby Intellinetics will become a wholly-owned subsidiary of Globalwise and the existing shareholders of Intellinetics will own 86% of the capital stock of Globalwise
initially, although it is anticipated that Globalwise will sell up to an additional 26% of its capital stock in secondary stock offerings (collectively, the “Proposed Transactions”). Intellinetics will remain an Ohio corporation, will
remain the operating company and will remain bound by all obligations, liabilities, duties and rights under the Loan Agreement and the other Loan Documents. The current officers and board of directors of Intellinetics are set forth on Exhibit A
attached hereto. 
 By signing below, the Lender consents to the Proposed Transactions as described above and waives the effect
of any provisions of the Loan Agreement and other Loan Documents that the Proposed Transactions would otherwise conflict with or violate. This consent and waiver is limited only to the Proposed Transactions. Intellinetics expressly agrees that the
execution of this consent letter shall not, except as expressly set forth herein, constitute a waiver of and shall not preclude the exercise of any right, power or remedy granted to Lender in any of the Loan Documents, or as provided by law. No
previous modification, extension or compromise entered into with respect to any indebtedness of Intellinetics to Lender shall constitute a course of dealing or be inferred or construed as constituting an express or implied understanding to enter
into any future modification, extension or compromise. The Loan Agreement and the other Loan Documents remain in full force and effect and are hereby ratified and confirmed. 

 
  
  

 

  
 

 
  

			
	Sincerely,
	
	INTELLINETICS, INC.
		
	By:	 	/s/ Matthew L. Chretien
		
	Title:	 	EVP/CTO

  

			
	THE DELAWARE COUNTY BANK AND TRUST
		
	By:	 	/s/ Michael Waddell
		
	Title:	 	AVP
		
	Date:	 	December 27, 2011

 Acknowledged and consented to: 
  

	
	Consigners:
	
	/s/ A. Michael Chretien
	A. Michael Chretien, Individually
	
	/s/ Matthew L. Chretien
	Matthew L. Chretien, Individually
	
	/s/ Robert J. D’Orazio
	Robert J. D’Orazio, Individually

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