Document:

tlnd_Ex_10_2

		

			Exhibit 10.2

		

		
			 
		

		
			First Amendment to Loan and Security Agreement
		

		
			Borrowers: Talend, Inc., a Delaware corporation Talend USA, INC., a Delaware corporation Stitch Inc., a Delaware corporation
		

		
			Date:April  3, 2019
		

		
			 
		

		
			THIS FIRST AMENDMENT TO LOAN AGREEMENT (this “Amendment”) is
		

		
			entered into between PACIFIC WESTERN BANK, a California state-chartered bank (“Lender”), and the borrowers named above (jointly and severally “Borrower”).
		

		
			 
		

		
			Lender and Borrower agree to amend the Loan and Security Agreement between them, dated February 14, 2019 (as amended, the “Loan Agreement”), as follows, effective as of the date hereof. (Capitalized terms used but not defined in this Amendment shall have the meanings set forth in the Loan Agreement.)
		

		
			 
		

			
	
			
				 1.
			Dispositions of Collateral. Section 5.5 (iv) (d) of the Loan Agreement is hereby amended and restated to read as follows:

		
			 
		

		
			“(d) (A) transfers of Collateral (other than Intellectual Property) to a Perfected Related Company, in a total amount not to exceed $1,000,000 in any fiscal year for all such transfers and (B) transfers of Collateral (other than Intellectual Property) to a Borrower,”
		

		
			 
		

			
	
			
				 2.
			Dividends  on Borrower’s Stock.Section 5.5(x) of the Loan Agreement is hereby amended and restated to read as follows:

		
			 
		

		
			“(x) pay or declare any dividends on Borrower’s stock except for (A) dividends payable solely in stock of Borrower, (B) cash dividends payable to Parent, any Perfected Related Company or any Borrower and (C) distributions of Intellectual Property to Parent;”
		

		
			 
		

			
	
			
				 3.
			

			
	
			
			Affiliates. Section 5.5(xiii) is hereby amended and restated to read as follows:

		
			 
		

		
			“(xiii) directly or indirectly enter into, or permit to exist, any material transaction with any Affiliate of Borrower (other than any material transaction with Related Companies or another Borrower otherwise permitted under this Agreement), except for transactions that are in the ordinary course of Borrower’s business, and are on fair and reasonable terms that are no less favorable to Borrower than would be obtained in an arm’s length transaction with a non-affiliated Person;”
		

		
			 
		

		
			

		 

		

			-1-

		

		

			 

		

 

			

					

						Pacific Western Bank

					

					

						Amendment to Loan Agreement

				

		

			 

		

		

			
	
			
				 4.
			Indebtedness. Clause (viii) of the definition of “Permitted Indebtedness” in Section 8 of the Loan Agreement is hereby amended and restated to read as follows:

		
			 
		

		
			“(viii) (A) Indebtedness of Borrower to another Borrower or any Related Perfected Company and (B) Indebtedness of Borrower to any Non-Perfected Related Company in an aggregate principal amount at any time outstanding not to exceed $2,500,000;”
		

		
			 
		

			
	
			
				 5.
			Guaranties. Clause (xii) of the definition of “Permitted Indebtedness” in Section 8 of the Loan Agreement is hereby amended and restated to read as follows:

		
			 
		

		
			“(xii) (A) guaranties by Borrower of any Indebtedness of any Perfected Related Company or another Borrower and (B) guaranties by Borrower of any Indebtedness of a Non-Perfected Related Company in an aggregate principal amount at any time outstanding not to exceed $2,500,000;”
		

		
			 
		

			
	
			
				 6.
			Investments. Clause (iii) of the definition of “Permitted Investments” in Section 8 of the Loan Agreement is hereby amended and restated to read as follows:

		
			 
		

		
			“(iii) Investments in (A) a Perfected Related Company or another Borrower or (B) a Non-Perfected Related Company not to exceed $2,500,000 in the aggregate in any fiscal year;”
		

		
			 
		

			
	
			
				 7.
			Representations True. Borrower represents and warrants to Lender that all representations and warranties set forth in the Loan Agreement, as amended hereby, are true and correct.

		
			 
		

			
	
			
				 8.
			No Waiver. Nothing herein constitutes a waiver of any default or Event of Default under the Loan Agreement or any other Loan Documents, whether or not known to Bank.

		
			 
		

			
	
			
				 9.
			Governing Law; Jurisdiction; Venue. This Amendment and all acts, transactions, disputes and controversies arising hereunder or relating hereto, and all rights and obligations of the parties shall be governed by, and construed in accordance with, the internal laws (and not the conflict of laws rules) of the State of California. All disputes, controversies, claims, actions and other proceedings involving, directly or indirectly, any matter in any way arising out of, related to, or connected with, this Amendment or the relationship between Borrower and Lender, and any and all other claims of Borrower against Lender of any kind, shall be brought only in a court located in Los Angeles County, California, and each party consents to the jurisdiction of any such court and the referee referred to in Section 9.20 of the Loan Agreement, and waives to the extent permitted by applicable law any and all rights the party may have to object to the jurisdiction of any such court, or to transfer or change the venue of any such action or proceeding, including, without limitation, any objection to venue or request for change in venue based on the doctrine of forum non conveniens; provided that, notwithstanding the foregoing, nothing herein shall limit the right of Lender to bring proceedings against Borrower in the courts of any other jurisdiction. Borrower consents to service of process in any action or proceeding brought against it by Lender, by personal delivery, or by mail addressed as set forth in the Loan Agreement or by any other method permitted by law.

		
			 
		

		
			

		 

		

			-2-

		

		

			 

		

 

			

					

						Pacific Western Bank

					

					

						Amendment to Loan Agreement

				

		

			 

		

		

			
	
			
				 10.
			Dispute Resolution. The provisions of Section 9.20 of the Loan Agreement relating to dispute resolution shall apply to this Amendment, and the terms thereof are incorporated herein by this reference.

		
			 
		

			
	
			
				 11.
			General Provisions. Borrower hereby ratifies and confirms the continuing validity, enforceability and effectiveness of the Loan Agreement and all other Loan Documents. This Amendment, the Loan Agreement, any prior written amendments to the Loan Agreement signed by Lender and Borrower, and the other written documents and agreements between Lender and Borrower set forth in full all of the representations and agreements of the parties with respect to the subject matter hereof and supersede all prior discussions, representations, agreements and understandings between the parties with respect to the subject hereof. Except as herein expressly amended, all of the terms and provisions of the Loan Agreement, and all other documents and agreements between Lender and Borrower shall continue in full force and effect and the same are hereby ratified and confirmed. This Amendment may be executed in multiple counterparts, by different parties signing separate counterparts, and all of the same taken together shall constitute one and the same agreement.

		
			 
		

			
	
			
				 12.
			Mutual Waiver of Jury Trial. LENDER AND BORROWER EACH ACKNOWLEDGE THAT THE RIGHT TO TRIAL BY JURY IS A CONSTITUTIONAL RIGHT, BUT THAT IT MAY BE WAIVED. EACH OF THE PARTIES, AFTER CONSULTING OR HAVING HAD THE OPPORTUNITY TO CONSULT, WITH COUNSEL OF THEIR CHOICE, KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES, TO THE EXTENT PERMITTED BY APPLICABLE  LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LITIGATION BASED UPON OR ARISING OUT OF THIS AMENDMENT OR ANY RELATED INSTRUMENT OR LOAN DOCUMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED BY THIS AMENDMENT OR ANY COURSE OF CONDUCT, DEALING, STATEMENTS (WHETHER ORAL OR WRITTEN), ACTION OR INACTION OF ANY OF THEM. THESE PROVISIONS SHALL NOT BE DEEMED TO HAVE BEEN MODIFIED IN ANY RESPECT OR RELINQUISHED BY LENDER OR BORROWER, EXCEPT BY A WRITTEN INSTRUMENT EXECUTED BY EACH OF THEM. IF FOR ANY REASON THE PROVISIONS OF THIS SECTION ARE VOID, INVALID OR UNENFORCEABLE, THE SAME SHALL NOT AFFECT ANY OTHER TERM OR PROVISION OF THIS AMENDMENT, AND ALL OTHER TERMS AND PROVISIONS OF THIS AMENDMENT SHALL BE UNAFFECTED BY THE SAME AND CONTINUE IN FULL FORCE AND EFFECT.

		
			 
		

		
			[Signatures on Next Page]
		

		
			 
		

		
			

		 

		

			-3-

		

		

			 

		

 

			

					

						Pacific Western Bank

					

					

						Amendment to Loan Agreement

				

		

			 

		

		

		
			 
		

		
			 
		

		
			 

		

		
			Borrower:
		

		
			 
		

		
			TALEND, INC.
		

		
			 
		

		
			 
		

		
			By Name:
		

		
			Title:
		

		
			

Lender:
		

		
			 
		

		
			PACIFIC WESTERN BANK
		

		
			 
		

		
			 
		

		
			By Name:
		

		
			Title:
		

		
			 

		

		
			 
		

		
			 
		

		
			 
		

		
			Borrower:
		

		
			 
		

		
			TALEND USA, INC.
		

		
			 
		

		
			 
		

		
			By Name:
		

		
			Title:
		

		
			 
		

		
			Borrower:
		

		
			 
		

		
			STITCH INC.
		

		
			 
		

		
			 
		

		
			By Name:
		

		
			Title:
		

		
			 
		

		
			 
		

		
			[Signature Page—Amendment to Loan Agreement]
		

		 

		

			-4-tlnd_Ex_10_3

		

			Exhibit 10.3

		

		
			 
		

		
			INTELLECTUAL PROPERTY SECURITY AGREEMENT
		

		
			THIS INTELLECTUAL PROPERTY SECURITY AGREEMENT is entered into as of February 14, 2019 by and between PACIFIC WESTERN BANK, a  California state-chartered bank (“Bank”) and Talend, Inc., a Delaware corporation (“Grantor”).
		

		
			RECITALS
		

		
			A.Bank has agreed to make certain advances of money and to extend certain financial accommodations to Grantor (the “Loans”) in the amounts and manner set forth in that certain Loan and Security Agreement by and among Bank, Grantor and Talend USA, Inc., a Delaware corporation, dated of even date herewith (as the same may be amended, restated, modified or supplemented from time to time, the “Loan Agreement”; capitalized terms used herein are used as defined in the Loan Agreement).  
		

		
			B.Extension of credit by Bank pursuant to the Loan Agreement is subject to the condition, among others, that Grantor shall grant to Bank a security interest in certain Copyrights, Trademarks and Patents to secure the obligations of Grantor under the Loan Agreement.
		

		
			C.Pursuant to the terms of the Loan Agreement, Grantor has granted to Bank a security interest in all of Grantor’s right, title and interest, whether presently existing or hereafter acquired, in, to and under all of the Collateral.
		

		
			Now, Therefore, for good and valuable consideration, receipt of which is hereby acknowledged, and intending to be legally bound, as collateral security for the prompt and complete payment when due of its obligations under the Loan Agreement and all other agreements now existing or hereafter arising between Grantor and Bank, Grantor hereby represents, warrants, covenants and agrees as follows:
		

		
			AGREEMENT
		

		
			To secure all of its obligations under the Loan Agreement and under any other agreement now existing or hereafter arising between Bank and Grantor, Grantor grants and pledges to Bank a security interest in all of Grantor’s right, title and interest in, to and under its Intellectual Property (including without limitation those Copyrights, Patents and Trademarks listed on Exhibits A, B and C hereto), and including without limitation all proceeds thereof (such as, by way of example but not by way of limitation, license royalties and proceeds of infringement suits), the right to sue for past, present and future infringements, all rights corresponding thereto throughout the world and all re-issues, divisions, continuations, renewals, extensions and continuations-in-part thereof (collectively, “Intellectual Property Collateral”); provided that the Intellectual Property Collateral shall not include, and no pledge or grant of security interest is made hereby in, any Excluded Assets.   
		

		
			This security interest is granted in conjunction with the security interest granted to Bank under the Loan Agreement.  The rights and remedies of Bank with respect to the security interest 

		 

		

			

		

 

granted hereby are in addition to those set forth in the Loan Agreement and the other Loan Documents, and those which are now or hereafter available to Bank as a matter of law or equity.  Each right, power and remedy of Bank provided for herein or in the Loan Agreement or any of the Loan Documents, or now or hereafter existing at law or in equity shall be cumulative and concurrent and shall be in addition to every right, power or remedy provided for herein and the exercise by Bank of any one or more of the rights, powers or remedies provided for in this Intellectual Property Security Agreement, the Loan Agreement or any of the other Loan Documents, or now or hereafter existing at law or in equity, shall not preclude the simultaneous or later exercise by any person, including Bank, of any or all other rights, powers or remedies.
		

		
			Grantor represents and warrants that Exhibits A, B, and C attached hereto set forth any and all intellectual property rights of Grantor which are registered with or subject to an application filed with either the United States Patent and Trademark Office or the United States Copyright Office, as applicable.
		

		
			 
		

		
			 
		

		
			 
		

		
			Signature Page Follows
		

		
			

		 

		

			2.

		

 

In Witness Whereof, the parties have caused this Intellectual Property Security Agreement to be duly executed by its officers thereunto duly authorized as of the first date written above.
		

			
					
						 

					
					
						Grantor:

					
						 

					
						Talend, Inc. 

					
						 

					
						 

					
						 

					
						By: _______________________________

					
						Name:

					
						Title:

					
						 

				
	
					
						 

					
					
						 

				

		
			Address of Grantor:
		

		
			800 Bridge Parkway, Suite 200
		

		
			Redwood City, California  94065 
		

		
			 
		

		
			Bank:
		

		
			PACIFIC WESTERN BANK
		

		
			 
		

		
			 
		

		
			 
		

		
			By: _________________________________
		

		
			Name:
		

		
			Title:
		

		
			 
		

		
			Address of Bank: 
		

		
			406 Blackwell Street, Suite 240
		

		
			Durham, NC 27701
		

		
			Attn:  Loan Documentation Department
		

		
			 
		

		
			 
		

		
			
		

		
			

		 

		

			3.

		

 

		

		
			Exhibit A
		

		
			COPYRIGHTS
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						Description

					
					
						Registration Number

					
					
						Registration Date

				
	
					
						[None]

					
					
						 

					
					
						 

				

		
			 
		

		
			
		

		
			

		 

		

			4.

		

 

		

		
			 
		

		
			Exhibit B
		

		
			PATENTS
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						Description

					
					
						Registration OR Serial Number

					
					
						Registration OR Filing Date

				
	
					
						[None]

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				

		
			 
		

		
			
		

		
			

		 

		

			5.

		

 

		

		
			 
		

		
			Exhibit C
		

		
			TRADEMARKS
		

			
					
						Description

					
					
						Registration/ Application Number

					
					
						Registration/ Application Date

				
	
					
						TALEND

					
					
						3575008

					
						 

					
						7731387

					
					
						02/17/09

					
						 

					
						01/26/08

				

		
			 
		

		 

		

			6.

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