Document:

EX-10.29

 Exhibit 10.29 

FIRST AMENDMENT AND JOINDER 

TO 
 LOAN AND SECURITY
AGREEMENT 
 This FIRST AMENDMENT AND JOINDER TO
LOAN AND SECURITY AGREEMENT (this “First Amendment and Joinder”), dated as of June 7, 2021, is executed and delivered by VIGILANTEATI, INC.,
a Delaware corporation (“New Guarantor”), ZEROFOX, INC. (“Borrower”), Borrower’s subsidiaries, RBP FINANCIAL SERVICES, LLC, ZEROFOX CHILE HOLDINGS, LLC and ZEROFOX INDIA HOLDING, LLC (each
a “Guarantor” and, collectively, “Guarantors”; Borrower and Guarantors are each a “Loan Party” and, collectively, “Loan Parties”) and STIFEL BANK (“Bank”).
Capitalized terms used herein but not otherwise defined herein shall have the meanings ascribed to those terms in the Loan Agreement (as defined below). 

RECITALS 
 a. Bank
and Loan Parties are parties to that certain Loan and Security Agreement dated as of January 7, 2021 (the “Original Loan Agreement”). 

b. New Guarantor has read and approved the Loan Documents and, in connection with the execution of the Stock Purchase Agreement (as defined in
Section 4 below), has agreed to become a party to the Loan Documents. 
 c. From and after the date hereof (the “Effective
Date”), New Guarantor, Loan Parties and Bank desire to supplement the terms and provisions of the Original Loan Agreement as provided herein, and the Original Loan Agreement, as supplemented by this First Amendment and Joinder, and as may
be hereafter further supplemented, amended, modified or restated from time to time, shall be referred to collectively as the “Loan Agreement.” 

NOW, THEREFORE, in consideration of the promises herein contained, and for other good and valuable consideration (the receipt, sufficiency and
adequacy of which are hereby acknowledged), the parties hereto (intending to be legally bound) hereby agree as follows: 
 1.
Incorporation. The foregoing preamble and recitals are incorporated herein by this reference. 
 2. Joinder and Assumption.
From and after the Effective Date, New Guarantor hereby absolutely and unconditionally: 
 (a) (i) joins as and becomes a party to the Loan
Agreement as a Guarantor thereunder, (ii) assumes, as a joint and several obligor thereunder, all of the obligations, liabilities and indemnities of a Guarantor under the Loan Agreement and all other Loan Documents, and (iii) covenants and
agrees to be bound by and adhere to all of the terms, covenants, waivers, releases, agreements and conditions of or respecting a Guarantor with respect to the Loan Agreement and the other Loan Documents and all of the representations and warranties
contained in the Loan Agreement and the other Loan Documents; and 
 (b) grants and pledges to Bank a continuing security interest in all of
New Guarantor’s now owned and existing and hereafter acquired and arising Collateral, as collateral security for the prompt and complete payment and performance of all of the Obligations. New Guarantor hereby authorizes Bank to file at any
time, Uniform Commercial Code financing statements in such jurisdictions and offices as Bank deems necessary in connection with the perfection of a security interest in all of New Guarantor’s now owned and existing and hereafter acquired and
arising Collateral. New Guarantor has read the Loan Agreement and affirmatively grants to Bank all rights to New Guarantor’s Collateral as set forth in said Loan Agreement and the Loan Documents. 

From and after the Effective Date, any reference to the term “Guarantor” in the Loan Agreement shall also include New Guarantor and
any reference to the term “Loan Party” in the Loan Agreement shall also include New Guarantor. Except as expressly provided herein, the Loan Agreement remains in full force and effect and is hereby ratified and confirmed in all respects.

 3. Amendment. The Loan Agreement is hereby amended as follows: 

(a) Section 1.1 of the Loan Agreement is hereby amended and restated by adding the following defined term in its appropriate alphabetical
order: 
 “First Amendment Effective Date” means June 7, 2021. 

(b) Section 1.1 of the Loan Agreement is hereby amended by amending and restating clause (b) of the definition of “Permitted
Indebtedness” as follows: 
 (b) Indebtedness existing on the First Amendment Effective Date and disclosed in the Schedule; 

(c) Section 6.7 of the Loan Agreement is hereby amended and restated in its entirety, as follows: 

6.7 Accounts. Each Loan Party and any Subsidiary thereof that maintains its primary accounts in the United States
of America shall maintain its primary depository, operating, and investment accounts with Bank. Each Loan Party shall use commercially reasonable efforts to utilize and shall cause each of its Subsidiaries to use commercially reasonable efforts to
utilize Bank’s International Banking Division for any international banking services required by such Loan Party, including, but not limited to, foreign currency wires, hedges, swaps, FX Contracts, and Letters of Credit. Notwithstanding the
foregoing, (a) Loan Parties, other than VigilanteATI, Inc., may maintain their existing accounts at Silicon Valley Bank, provided that (i) Silicon Valley Bank has entered into an account control agreement with Bank in form and substance
satisfactory to Bank and (ii) the aggregate balance in such accounts does not exceed $500,000 at any time, (b) VigilanteATI, Inc. may maintain its existing accounts at Silicon Valley Bank during the period from the First Amendment
Effective Date to the date thirty days from the First Amendment Effective Date and no account control agreement will be required and (c) Borrower may maintain a domestic account at HSBC to support its foreign operations so long as that the
aggregate balance in such accounts does not exceed $50,000 at any time (provided, the balance may exceed such amount in connection with facilitating payment of payroll in the United Kingdom so long as the balance is reduced to less than $50,000
within three Business Days) and no account control agreement will be required. 
 (d) The Loan Agreement is hereby amended by amending and
restating Exhibit A in its entirety in the form attached as Annex I hereto. 
 (e) The Loan Agreement is hereby amended by amending and
restating the Schedule in its entirety in the form attached as Annex II hereto. 
 4. Consent. Effective as of the Effective Date,
subject to the satisfaction of the conditions set forth in Section 10 hereof, Bank hereby consents to (a) Borrower entering into that certain Stock Purchase Agreement dated as of the date hereof by and between Borrower and InfoArmor, Inc.
(the “Stock Purchase Agreement”) and (b) consummation of the Transactions (as defined in the Stock Purchase Agreement). No course of dealing on the part of Bank or its officers shall operate as a consent by Bank, and
Bank’s failure at any time to require strict performance by Borrower of any provision shall not affect any right of Bank thereafter to demand strict compliance and performance. Any further consent must be in writing signed by an officer of
Bank. 
 5. Release. 

(a) New Guarantor and Loan Parties acknowledge that Bank would not enter into this First Amendment and Joinder, without New Guarantor and Loan
Parties’ assurance hereunder. Except for the obligations arising hereafter under the Loan Agreement, Loan Parties hereby absolutely discharge and release Bank, any person or entity that has obtained any interest from Bank under the Loan
Agreement and each of Bank’s and such entity’s 

  
 2 

 
former and present partners, stockholders, officers, directors, employees, successors, assignees, agents, and attorneys from any known or unknown claims which Loan Parties now have against Bank
of any nature, including any claims that Loan Parties, their successors, counsel, and advisors may in the future discover they would have now had if they had known facts not now known to them, whether founded in contract, in tort, or pursuant to any
other theory of liability, including but not limited to any claims arising out of or related to the Loan Agreement or the transactions contemplated thereby. 

(b) The provisions, waivers, and releases set forth in this Section are binding upon New Guarantor and Loan Parties’ shareholders,
members, agents, employees, assigns, and successors in interest. The provisions, waivers, and releases of this Section shall inure to the benefit of Bank and its agents, employees, officers, directors, assigns, and successors in interest. 

(c) New Guarantor and Loan Parties warrant and represent that New Guarantor and Loan Parties are the sole and lawful owners of all right,
title and interest in and to all of the claims released hereby, and New Guarantor and Loan Parties have not heretofore voluntarily, by operation of law or otherwise, assigned or transferred or purported to assign or transfer to any person any such
claim or any portion thereof. New Guarantor and Loan Parties shall indemnify and hold harmless Bank from and against any claim, demand, damage, debt, liability (including payment of attorneys’ fees and costs actually incurred whether or not
litigation is commenced) based on or arising out of any assignment or transfer. 
 (d) The provisions of this Section shall survive payment
in full of the Obligations, full performance of all of the terms of this First Amendment and Joinder and the Loan Agreement, and/or Bank’s actions to exercise any remedy available under the Loan Agreement or otherwise. 

6. No Course of Dealing; Strict Performance. No course of dealing on the part of Bank or its officers, nor any failure or delay in the
exercise of any right by Bank, shall operate as a waiver thereof, and any single or partial exercise of any such right shall not preclude any later exercise of any such right. Bank’s failure at any time to require strict performance by New
Guarantor and Loan Parties of any provision shall not affect any right of Bank thereafter to demand strict compliance and performance. Any suspension or waiver of a right must be in writing signed by an officer of Bank. 

7. Ratification; No Amendment. The Loan 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 First Amendment and Joinder shall not operate as a waiver of, or as an amendment of,
any right, power, or remedy of Bank under the Loan Agreement, as in effect prior to the date hereof. 
 8. Representations and
Warranties; No Event of Default. New Guarantor and Loan Parties hereby represent and warrant to Bank, which representations and warranties shall survive the execution and delivery hereof, that: (a) this First Amendment and Joinder is the
legally valid and binding obligation of New Guarantor, enforceable against New Guarantor and Loan Parties in accordance with its terms, (b) except as otherwise set forth below, each of the representations and warranties contained in the Loan
Agreement, as well as all other representations and warranties contained in the other Loan Documents, are true and correct in all material respects (without duplication of any materiality qualifier in the text of such representation or warranty) to
the extent required under the Loan Agreement, and (c) that no Event of Default has occurred and is continuing. 
 9. Counterparts;
Facsimile and other Electronic Transmission. This First Amendment and Joinder may be executed in any number of counterparts and by the different parties hereto on separate counterparts, and each such counterpart shall be deemed to be an
original, but all such counterparts shall together constitute but one and the same First Amendment and Joinder. Receipt of an executed signature page to this First Amendment and Joinder by facsimile or other electronic transmission shall constitute
for all purposes effective delivery thereof. Electronic records of this executed First Amendment and Joinder maintained by Bank shall be deemed to be originals. 

  
 3 

 10. Conditions to Effectiveness. As a condition to the effectiveness of this First
Amendment and Joinder, Bank shall have received, in form and substance satisfactory to Bank, the following: 
 (a) this First Amendment and
Joinder, duly executed by Loan Parties and New Guarantor; 
 (b) officer’s certificate of New Guarantor with respect to incumbency and
resolutions authorizing the execution and delivery of this First Amendment and Joinder; 
 (c) a financing statement (Form UCC-1) for New Guarantor; 
 (d) an Intellectual Property Security Agreement, duly executed by New
Guarantor; 
 (e) a Perfection Certificate for New Guarantor; 

(f) Lien and judgement searches in all applicable jurisdictions indicating that, as to New Guarantor, except for Permitted Liens, there are no
other security interests or Liens of record in New Guarantor’s Collateral; 
 (g) a copy of (i) the fully executed Stock Purchase
Agreement (including all schedules and exhibits thereto), (ii) the executed Promissory Note (as defined in the Stock Purchase Agreement) and (iii) the other documents executed in connection with the foregoing; 

(h) payment of all Bank Expenses, including Bank’s expenses for the documentation of this First Amendment and Joinder and any related
documents, and any UCC, good standing or intellectual property search or filing fees, which may be debited from New Guarantor or Borrower’s accounts; 

(i) subordination agreement with respect to the Promissory Note, duly executed by InfoArmor, Inc. and acknowledged by Loan Parties and New
Guarantor; 
 (j) an Amendment to and Affirmation of Subordination Agreement, duly executed by Orix Growth Capital, LLC
(“Orix”) and acknowledged by Loan Parties and New Guarantor; 
 (k) a copy of the fully-executed Amendment No. 1 to
Loan and Security Agreement, by and among Loan Parties, New Guarantor and Orix; and 
 (l) such other documents and completion of such other
matters, as Bank may reasonably deem necessary or appropriate. 
 11. Governing Law. This First Amendment and Joinder shall be deemed
to have been made under and shall be governed by the laws of the State of New York (without regard to choice of law principles except as set forth in Section 5-1401 of the New York General Obligations
Law) in all respects, including matters of construction, validity and performance, and that none of its terms or provisions may be waived, altered, modified or amended except as Bank may consent thereto in writing duly signed for and on its behalf.

 [Signature Page Follows] 

  
 4 

 IN WITNESS WHEREOF, the undersigned have caused this First Amendment and Joinder to be duly
executed and delivered as of the date first above written. 
  

			
	BORROWER:
	
	ZEROFOX, INC.
		
	By:	 	/s/ James C. Foster
	Name: James C. Foster
	Title: Chief Executive Officer and President

  

			
	GUARANTORS:
	
	RBP FINANCIAL SERVICES, LLC
		
	By:	 	/s/ James C. Foster
	Name: James C. Foster
	Title: Authorized Person

  

			
	ZEROFOX CHILE HOLDINGS, LLC
		
	By:	 	/s/ James C. Foster
	Name: James C. Foster
	Title: Authorized Person

  

			
	ZEROFOX INDIA HOLDING, LLC
		
	By:	 	/s/ James C. Foster
	Name: James C. Foster
	Title: Authorized Person

  
 [Signature Page to First
Amendment and Joinder] 

 
			
	 NEW GUARANTOR:

	
	VIGILANTEATI, INC.
		
	By:	 	/s/ James C. Foster
	Name: James C. Foster
	Title: Authorized Person

  
 [Signature Page to First
Amendment and Joinder] 

 
			
		 	 BANK:

		
		 	 STIFEL BANK

		
		 	/s/ James C. Binz
		 	By: James C. Binz
		 	Title: Executive Vice President

  
 [Signature Page to First
Amendment and Joinder] 

 ANNEX I 

 EXHIBIT A 
  

			
	DEBTOR:	 	ZEROFOX, INC.
		 	 RBP FINANCIAL SERVICES, LLC
 ZEROFOX
CHILE HOLDINGS, LLC
 ZEROFOX INDIA HOLDING, LLC

VIGILANTEATI, INC.

 SECURED PARTY: STIFEL BANK 

COLLATERAL DESCRIPTION ATTACHMENT 

TO LOAN AND SECURITY AGREEMENT 

All personal property of Debtors whether presently existing or hereafter created or acquired, and wherever located, including, but not limited
to: 
 (a) all accounts (including health-care-insurance receivables), chattel paper (including tangible and electronic chattel paper),
deposit accounts, documents (including negotiable documents), equipment (including all accessions and additions thereto), general intangibles (including payment intangibles and software), goods (including fixtures), instruments (including promissory
notes), inventory (including all goods held for sale or lease or to be furnished under a contract of service and including returns and repossessions), investment property (including securities and securities entitlements), letter of credit rights,
money, and all of Debtor’s books and records with respect to any of the foregoing, and the computers and equipment containing said books and records; 

(b) any and all cash proceeds and/or noncash proceeds of any of the foregoing, including, without limitation, insurance proceeds, and all
supporting obligations and the security therefor or for any right to payment. All terms above have the meanings given to them in the New York Uniform Commercial Code, as amended or supplemented from time to time. 

 ANNEX II 

 SCHEDULE OF EXCEPTIONSEX-10.30

 Exhibit 10.30 

SECOND AMENDMENT AND WAIVER 

TO 
 LOAN AND SECURITY
AGREEMENT 
 This SECOND AMENDMENT AND WAIVER TO LOAN AND SECURITY AGREEMENT (this “Second
Amendment”), dated as of December 8, 2021, is executed and delivered by ZEROFOX, INC. (“Borrower”), Borrower’s subsidiaries, RBP FINANCIAL SERVICES, LLC, ZEROFOX CHILE HOLDINGS, LLC, ZEROFOX
INDIA HOLDING, LLC, and VIGILANTEATI, INC., a Delaware corporation (each a “Guarantor” and, collectively, “Guarantors”; Borrower and Guarantors are each a “Loan Party” and, collectively,
“Loan Parties”) and STIFEL BANK (“Bank”). Capitalized terms used herein but not otherwise defined herein shall have the meanings ascribed to those terms in the Loan Agreement (as defined below). 

RECITALS 
 a. Bank
and Loan Parties are parties to that certain Loan and Security Agreement dated as of January 7, 2021, as amended by the First Amendment and Joinder to Loan and Security Agreement dated as of June 7, 2021, among Loan Parties and Bank, and by the
Waiver dated as of August 27, 2021, among Loan Parties and Bank (as so amended, the “Existing Loan Agreement”). 
 b.
From and after the date hereof (the “Effective Date”), Loan Parties and Bank desire to amend the terms and provisions of the Existing Loan Agreement as provided herein, and the Existing Loan Agreement, as supplemented by this Second
Amendment, and as hereafter further supplemented, amended, modified or restated from time to time, shall be referred to collectively as the “Loan Agreement.” 

NOW, THEREFORE, in consideration of the promises herein contained, and for other good and valuable consideration (the receipt, sufficiency and
adequacy of which are hereby acknowledged), the parties hereto (intending to be legally bound) hereby agree as follows: 
 1.
Incorporation. The foregoing preamble and recitals are incorporated herein by this reference. 
 2. Waiver. Borrower currently
is or may be in default under Section 6.8(a) of the Loan Agreement for failing to achieve the minimum Annual Recurring Revenue specified therein for the reporting period ended October 31, 2021 (the “Existing Default”). Provided
that Borrower complies with the terms and conditions of this Second Amendment (and subject to Section 9 below), Bank waives the Existing Default. Bank does not waive any failure to comply with the above-referenced section of the Loan Agreement
after the date of this Second Amendment, and Bank does not waive any other failure by Borrower to perform its Obligations under the Loan Documents at any time. This Waiver is not a continuing waiver with respect to any failure to perform any
Obligation, is specific as to content and time and shall not constitute a waiver of any current or future default or breach of any covenants contained in the Loan Agreement or the terms and conditions of any other Loan Document, other than the
Existing Default. Bank may exercise its rights or any other or further rights against Borrower arising from any other breach not waived herein. Bank’s failure at any time to require strict performance by Borrower of any provision not waived
herein shall not affect any right of Bank thereafter to demand strict compliance and performance. Any further suspension or waiver of a right must be in writing signed by an officer of Bank. 

3. Amendments. The Loan Agreement is hereby amended as follows: 

(a) Section 1.1 of the Loan Agreement is hereby amended by inserting the following defined terms in alphabetical order: 

“New Equity” means net cash proceeds received from the sale or issuance of Borrower’s equity after the
Second Amendment Effective Date. 
 “Second Amendment Effective Date” means December 8, 2021. 

 (b) Section 1.1 of the Loan Agreement is hereby further amended by deleting in its entirety
the definition of “Aggregate Borrowing Limit” set forth therein and inserting the following new definition in lieu thereof: 

“Aggregate Borrowing Limit” means Fifteen Million Dollars ($15,000,000). 

(c) Section 1.1 of the Loan Agreement is hereby further amended by deleting in its entirety the definition of “Formula Revolving
Line” set forth therein and inserting the following new definition in lieu thereof: 
 “Formula Revolving
Line” means one (1) or more credit extensions of up to an aggregate principal amount of Fifteen Million Dollars ($15,000,000). 

(d) Section 2.5(b) (Unused Fee) of the Loan Agreement is hereby amended by deleting the text “Ten Million Dollars ($10,000,000)”
appearing therein and inserting the text “Fifteen Million Dollars ($15,000,000)” in lieu thereof. 
 (e) Section 6.8(a) of
the Loan Agreement is hereby amended and restated in its entirety as 
 follows: 

(a) Annual Recurring Revenue. Measured quarterly Borrower shall achieve Annual Recurring Revenue of at least the
amounts shown in the table immediately below for the corresponding reporting periods. For subsequent reporting periods, Bank and Borrower hereby agree that, on or before March 14th of each year during the term of this Agreement, Borrower shall
provide Bank with a budget for such year (and, if the budget is approved by Borrower’s Board of Directors, then the budget delivered under this Section 6.8(a) shall be that which is approved by the Board of Directors), and Bank shall use
that budget in good faith to set the minimum Annual Recurring Revenue amounts for such year, with such amounts being incorporated herein by an amendment, which Borrower hereby agrees to execute by March 31st of such year. 

 

					
	 Reporting Period Ending
	  	Minimum Annual Recurring
Revenue	 
	 January 31, 2022
	  	$	53,505,000	 
	 April 30, 2022
	  	$	54,700,000	 
	 July 31, 2022
	  	$	59,600,000	 
	 October 31, 2022
	  	$	63,400,000	 
	 January 31, 2023
	  	$	71,000,000	 

 (f) The Loan Agreement is hereby further amended by inserting the following new Section 6.13 immediately
following Section 6.12 thereof: 
 6.13 Minimum Equity Events. 

(a) Borrower shall have received (i) a commitment from ORIX Growth Capital, LLC for additional Permitted
Subordinated Debt of not less than Seven Million Five Hundred Thousand Dollars ($7,500,000), of which at least Five Million Dollars ($5,000,000) shall have been funded prior to January 31, 2022, or (ii) binding commitments from investors
acceptable to Bank for New Equity of not less than Seven Million Five Hundred Thousand Dollars ($7,500,000), of which at least Five Million Dollars ($5,000,000) shall have been funded prior to January 31, 2022. 

  
 2 

 (b) Unless Borrower has achieved
de-SPAC status on or prior to June 15, 2022, Borrower shall have received, on or before June 15, 2022, additional New Equity (i.e., exclusive of any New Equity received under Section 6.12(a)(ii)
above) of not less than Ten Million Dollars ($10,000,000) from investors acceptable to Bank. 
 4. Release. 

(a) Loan Parties acknowledge that Bank would not enter into this Second Amendment without Loan Parties’ assurance hereunder. Except for
the obligations arising hereafter under the Loan Agreement, Loan Parties hereby absolutely discharge and release Bank, any person or entity that has obtained any interest from Bank under the Loan Agreement and each of Bank’s and such
entity’s former and present partners, stockholders, officers, directors, employees, successors, assignees, agents, and attorneys from any known or unknown claims which Loan Parties now have against Bank of any nature, including any claims that
Loan Parties, their successors, counsel, and advisors may in the future discover they would have now had if they had known facts not now known to them, whether founded in contract, in tort, or pursuant to any other theory of liability, including but
not limited to any claims arising out of or related to the Loan Agreement or the transactions contemplated thereby. 
 (b) The provisions,
waivers, and releases set forth in this Section are binding upon Loan Parties’ shareholders, members, agents, employees, assigns, and successors in interest. The provisions, waivers, and releases of this Section shall inure to the benefit of
Bank and its agents, employees, officers, directors, assigns, and successors in interest. 
 (c) Loan Parties warrant and represent that
Loan Parties are the sole and lawful owners of all right, title and interest in and to all of the claims released hereby, and Loan Parties have not heretofore voluntarily, by operation of law or otherwise, assigned or transferred or purported to
assign or transfer to any person any such claim or any portion thereof. Loan Parties shall indemnify and hold harmless Bank from and against any claim, demand, damage, debt, liability (including payment of attorneys’ fees and costs actually
incurred whether or not litigation is commenced) based on or arising out of any assignment or transfer. 
 (d) The provisions of this
Section shall survive payment in full of the Obligations, full performance of all of the terms of this Second Amendment and the Loan Agreement, and/or Bank’s actions to exercise any remedy available under the Loan Agreement or otherwise. 

5. No Course of Dealing; Strict Performance. No course of dealing on the part of Bank or its officers, nor any failure or delay in the
exercise of any right by Bank, shall operate as a waiver thereof, and any single or partial exercise of any such right shall not preclude any later exercise of any such right. Bank’s failure at any time to require strict performance by Loan
Parties of any provision shall not affect any right of Bank thereafter to demand strict compliance and performance. Any suspension or waiver of a right must be in writing signed by an officer of Bank. 

6. Ratification; No Amendment. The Loan 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 Second Amendment shall not operate as a waiver of, or as an amendment of, any right,
power, or remedy of Bank under the Loan Agreement, as in effect prior to the date hereof. 
 7. Representations and Warranties; No Event
of Default. Loan Parties hereby represent and warrant to Bank, which representations and warranties shall survive the execution and delivery hereof, that: (a) this Second Amendment is the legally valid and binding obligation of each Loan
Party, enforceable against such Loan Party in accordance with its terms, (b) each of the representations and warranties contained in the Loan Agreement, as well as all other representations and warranties contained in the other Loan Documents,
are true and correct in all material respects (without duplication of any materiality qualifier in the text of such representation or warranty) to the extent required under the Loan Agreement, and (c) except as expressly waived hereby, no Event
of Default has occurred and is continuing. 

  
 3 

 8. Counterparts; Facsimile and other Electronic Transmission. This Second Amendment
may be executed in any number of counterparts and by the different parties hereto on separate counterparts, and each such counterpart shall be deemed to be an original, but all such counterparts shall together constitute but one and the same
instrument. Receipt of an executed signature page to this Second Amendment by facsimile or other electronic transmission shall constitute for all purposes effective delivery thereof. Electronic records of this executed Second Amendment maintained by
Bank shall be deemed to be originals. 
 9. Conditions to Effectiveness. As a condition to the effectiveness of this Second
Amendment, Bank shall have received, in form and substance satisfactory to Bank, the following: 
 (a) this Second Amendment, duly executed
by Loan Parties; 
 (b) a warrant to purchase Borrower’s Series E preferred stock, duly executed by Borrower; 

(c) a Second Amendment to and Affirmation of Subordination Agreement, duly executed by ORIX Growth Capital, LLC, and acknowledged by Loan
Parties; 
 (d) an officer’s certificate (or equivalent) of each Loan Party with respect to incumbency and resolutions authorizing
execution and delivery of this Second Amendment; 
 (e) a facility fee of $15,000, which shall be nonrefundable; 

(f) payment of all Bank Expenses, including Bank’s expenses for the documentation of this Second Amendment and any related documents,
which may be debited from Borrower’s accounts; and 
 (g) such other documents and completion of such other matters as
Bank may reasonably deem necessary or appropriate. 
 10. Governing Law. This Second Amendment shall be deemed to have been made
under and shall be governed by the laws of the State of New York (without regard to choice of law principles except as set forth in Section 5-1401 of the New York General Obligations Law) in all respects,
including matters of construction, validity and performance, and none of its terms or provisions may be waived, altered, modified or amended except as Bank may consent thereto in a writing duly signed for and on its behalf. 

[Signature Page Follows] 

  
 4 

 IN WITNESS WHEREOF, the undersigned have caused this Second Amendment to be duly executed
and delivered as of the date fast above written. 
  

			
	BORROWER:
	
	ZEROFOX, INC.
		
	By:	 	/s/ James C. Foster

 
			
	Name:	 	James C. Foster
	Title:	 	Chief Executive Officer and President

 
			
	
	GUARANTORS:
	
	RBP FINANCIAL SERVICES, LLC
		
	By:	 	/s/ James C. Foster

 
			
	Name:	 	James C. Foster
	Title:	 	Authorized Person

 
			
	
	ZEROFOX CHILE HOLDINGS, LLC
		
	By:	 	/s/ James C. Foster

 
			
	Name:	 	James C. Foster
	Title:	 	Authorized Person

 
			
	
	ZEROFOX INDIA HOLDING, LLC
		
	By:	 	/s/ James C. Foster

 
			
	Name:	 	James C. Foster
	Title:	 	Authorized Person

 [Signature Page to Second Amendment and Waiver] 

 
			
	 VIGILANTEATI, INC.

		
	 By:
	 	 /s/ James C. Foster

	 Name: James C. Foster

	Title:	 	Chief Executive Officer and President

 
			
	BANK:
	
	STIFEL BANK
	
	/s/ James C. Binz
	By:	 	James C. Binz
	Title:	 	Executive Vice President

 [Signature Page to Second Amendment and Waiver]

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