Document:

Purchase Agreement between Elandia Technologies, Inc. & Chickasaw Wireless, Inc.

 EXHIBIT 10.45 
 EXECUTION VERSION 
  

 PURCHASE AGREEMENT 
 between 
 ELANDIA TECHNOLOGIES, INC. (“Seller”) 
 and 
 CHICKASAW WIRELESS, INC. (“Purchaser”) 
 Dated as of October 20, 2006 
  

 PURCHASE AGREEMENT 
 PURCHASE AGREEMENT, dated as of October 20, 2006, between ELANDIA TECHNOLOGIES, INC., (“Seller”), and CHICKASAW WIRELESS, INC. (“Purchaser”). 
 WHEREAS, Seller holds the Personal Communications Services (“PCS”) license specified in Schedule I hereto (the “Seller
License”); 
 WHEREAS, Seller holds certain equipment, software, licenses, leases, documentation and other assets used or useful in
connection with the License Buildout (as defined in Section 3.5(d) (all such assets, the “Buildout Assets” and together with the Seller License, the “Assets”); 
 WHEREAS, Seller desires to sell, transfer, deliver and assign to Purchaser, and Purchaser desires to purchase from Seller, the Assets, all on the terms
and subject to the conditions herein set forth. 
 NOW, THEREFORE, in consideration of the premises and the mutual representations,
warranties, covenants, conditions and agreements hereinafter set forth, the parties hereto agree as follows: 
 ARTICLE 1 
 DEFINITIONS 
 As used in this
Agreement, the following terms shall have the meanings set forth or referenced below: 
 “Affiliate” means, with respect to any
Person, any other Person that, directly or indirectly, alone or through one or more intermediaries, controls, is controlled by or is under common control with that Person. For purposes of this definition, “control” (including the
terms “controlling” and “controlled”) means the power to direct or cause the direction of the management and policies of a Person, directly or indirectly, whether through the ownership of securities or partnership or other
ownership interests, by contract, or otherwise. 
 “Agreement” means this Agreement and all Exhibits and Schedules hereto, as
amended, supplemented or otherwise modified from time to time in accordance with the terms hereof. 
 “Assets” is defined in the
recitals hereto. 
 “Buildout Assets” is defined in the recitals hereto. 
 “Buildout Certification” is defined in Section 3.5(d). 
 “Buildout Contracts” is defined in Section 3.9(c). 
 “Buildout Requirements” is
defined in Section 3.5(d). 
  

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 “Business Day” means any day, other than a Saturday or Sunday, on which commercial banks and
foreign exchange markets are open for business in the county of New York, State of New York. 
 “Chosen Courts” is defined in
Section 9.6. 
 “Closing” is defined in Section 2.2. 
 “Closing Date” is defined in Section 2.2. 
 “Confidential Information” means any and all information regarding the business, finances, operations, products, services and customers of the Person specified and its Affiliates, in written or oral form or
in any other medium. The term “Confidential Information” shall not include information that (i) is already in the possession of the receiving party or its representatives at the time it is provided by the disclosing party,
(ii) is or becomes available to the public other than as a result of a disclosure by the receiving party or its representatives in violation of this Agreement, or (iii) becomes available to the receiving party or its representatives from a
source other than the disclosing party or someone acting on its behalf, provided such source is not known by the receiving party to be bound by an obligation of confidentiality to the disclosing party with respect to such information. 
 “Consents” means all consents and approvals of Governmental Authorities or other third parties necessary to authorize, approve or permit the
parties hereto to consummate the Transactions. 
 “Constituent Documents” means articles or certificates of incorporation and
bylaws of a corporation, or similar constituent documents for entities that are not corporations, including but not limited to certificates or articles of formation or organization, limited liability company agreements and similar documents.

 “FCC” means the Federal Communications Commission or any successor agency thereof. 
 “FCC Law” is defined in Section 3.5(c). 
 “Final Order” means an action or decision of the FCC as to which (i) no stay is in effect and such action or decision has not been vacated, reversed, set aside, annulled or suspended, (ii) no
timely appeal, timely request for stay or timely petition for rehearing, reconsideration or review by any person or governmental entity or by the FCC on its own motion, is pending and (iii) the time designated by statute or regulation for
filing any such timely appeal, timely request, timely petition for the reconsideration or review by the FCC on its own motion, has expired. 
 “Governmental Authority” means a Federal, state or local court, legislature, governmental agency (including the FCC and the United States Department of Justice), commission or regulatory or administrative authority or
instrumentality. 
 “Instrument of Assignment” is defined in Section 6.3(c). 
  

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 “Law” means applicable common law or any applicable statute, ordinance, code, or other law,
rule, permit, permit condition, regulation, order, decree, technical or other standard, requirement or procedure enacted, adopted, promulgated, applied or followed by any Governmental Authority. 
 “License” means a license, permit, certificate of authority, waiver, approval, certificate of public convenience and necessity, registration or
other authorization, consent or clearance to construct and/or operate a facility (or facilities), including any emissions, discharges or releases therefrom, or to transact an activity or business, to construct a tower (or towers) or to use an asset
or process, in each case issued or granted by a Governmental Authority. 
 “License Buildout” is defined in Section 3.5(d).

 “Lien” means, with respect to any asset, any mortgage, lien, pledge, charge, security interest, right of first refusal or offer,
encumbrance, conditional sale agreement, or restrictive covenant of any nature whatsoever in respect of such asset, other than liens created by this Agreement or by Purchaser, and except for any restrictions as are generally applicable to broadband
personal communications License and/or the holders thereof under applicable Law, including FCC Law. 
 “Losses” is defined in
Section 8.2. 
 “PCIA Microwave Clearinghouse” means the FCC-authorized, non-profit clearinghouse managed by the Personal
Communications Industry Association which works with PCS carriers to establish a cost-sharing mechanism for the relocation of microwave links. 
 “PCS” is defined in the first recital. 
 “Person” means any general partnership, limited partnership, limited
liability company, corporation, joint venture, trust, business trust, Governmental Authority, cooperative, association, individual or other entity 
 “Purchase Price” is defined in Section 2.1. 
 “Purchaser” is defined in the preamble. 
 “Purchaser Indemnified Persons” is defined in Section 8.2. 
 “Relocation Agreements” is defined in Section 3.8. 
 “Seller” is defined in the
preamble. 
 “Seller Indemnified Persons” is defined in Section 8.3. 
 “Seller License” is defined in the first recital. 
 “Transactions” means the transactions contemplated by this Agreement. 
  

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 “Transfer Taxes” is defined in Section 9.7. 
 “Tower Lease” is defined in Section 3.9(b). 
 ARTICLE 2 
 PURCHASE AND SALE OF LICENSE 
 2.1. Purchase and Sale. At the Closing, Seller shall sell, transfer, deliver and assign to Purchaser, free and clear of all Liens, and Purchaser
shall purchase from Seller, for $2,750,000, by wire transfer in immediately available funds (the “Purchase Price”), all right, title and interest of Seller in and to the Assets. 
 2.2. Closing. Upon the terms and subject to the conditions hereof, the closing of the sale of the Assets (the “Closing”) shall take
place at 10:00 a.m. Eastern Time by fax no later than five Business Days following the date on which all conditions under Article 6 have been satisfied or waived, or at such other time and place as the parties may mutually agree. The date on which
the Closing occurs is called the “Closing Date.” 
 2.3 No Assumption of Certain Liabilities by Purchaser. 
 Except as set forth in Section 2.4, Purchaser expressly does not assume, and shall not be deemed to have assumed under this Agreement, or by reason
of any transactions contemplated hereby, any debts, liabilities (contingent or otherwise) or obligations of Seller or its Affiliates of any nature whatsoever or any debts, liabilities (contingent or otherwise) or obligations relating to the Assets
(the “Non-Assumed Liabilities”). 
 2.4 Assumed Liabilities. 
 Purchaser shall assume, undertake and timely pay or perform all duties, liabilities and obligations arising on or after the Closing Date relating to or
in respect of the Assets (the “Assumed Liabilities”). 
 ARTICLE 3 
 REPRESENTATIONS AND WARRANTIES OF SELLER 
 Seller represents and warrants to
Purchaser as follows: 
 3.1. Organization. Seller is duly organized, validly existing and in good standing under the laws of the
State of Delaware. Seller has all requisite legal power and authority (i) to own, lease and operate its properties and carry on its business as presently conducted and (ii) to execute, deliver, and perform its obligations under, this
Agreement, and each other instrument, document, certificate and agreement required or contemplated hereby to be executed, delivered and performed by Seller. Seller is duly qualified to do business in each jurisdiction where the character 

 

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of its properties owned or leased or the nature of its activities makes such qualification necessary, other than any such jurisdiction in which the failure
to be so qualified would not materially adversely affect the Transactions or Seller’s ability to perform its obligations under this Agreement. 
 3.2. Authorization. The execution and delivery of this Agreement, and the performance by Seller of its obligations hereunder, have been duly authorized by all necessary corporate action on the part of Seller. 
 3.3. Enforceability. This Agreement has been duly executed and delivered by Seller and is, when executed and delivered by Purchaser, a legal,
valid and binding obligation of Seller, enforceable against Seller in accordance with its terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to or affecting
creditors’ rights and to general equity principles. 
 3.4. No Conflicts or Consents. Neither the execution, delivery and
performance by Seller of this Agreement, nor the consummation of the Transactions by Seller, will (i) conflict with, or result in a breach or violation of, any provision of Seller’s Constituent Documents; (ii) constitute, with or
without the giving of notice or passage of time or both, a breach, violation or default by Seller or any of its Affiliates, create a Lien, or give rise to any right of termination, modification, cancellation, prepayment or acceleration, under
(a) any Law or License (subject to receipt of Consent of the FCC to the Transactions) or (b) any note, bond, mortgage, indenture, lease, agreement or other instrument, in each case which is applicable to or binding upon Seller or any of
its assets; or (iii) require any Consent, other than the Consent of the FCC. 
 3.5. FCC Matters 
 (a) Seller holds good, valid and marketable title to the Seller License free and clear of all Liens. No Person other than Seller has any
right, title or interest in or to the Seller License. The Seller License has been validly granted to Seller by Final Order and is valid and in full force and effect and has not been suspended or modified in any material respect (except as a result
of FCC rule changes applicable to the industry generally) or canceled or revoked, and Seller and each of its Affiliates have each operated the Seller License in compliance in all material respects with all FCC terms and conditions thereof or any
renewals thereof applicable to them. 
 (b) Except for proceedings affecting the PCS industry generally, there is not pending
or, to the knowledge of Seller, threatened against Seller or the Seller License, nor does Seller have actual knowledge of any basis for, any application, action, petition, complaint, objection or other pleading, or any proceeding with the FCC or any
other Governmental Authority, that questions or contests the validity of, or seeks or could reasonably be expected to result in the revocation, forfeiture, non-renewal or suspension of, the Seller License, or that would adversely affect the ability
of Seller to consummate the Transactions or the ability of Purchaser to employ the Seller License in its business after Closing or that seeks the payment of a fine, sanction, penalty, damages or contribution in connection with the use of the Seller
License. There is no debt existing, outstanding, or owing to the FCC or any Governmental Authority with respect to the Seller License. No amounts are due and owing to the FCC by reason of the ownership or operation 

  

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pursuant to the Seller License. All material documents required to be filed with, or fees to be paid at any time by Seller and its Affiliates to the FCC with
respect to the Seller License to date have been filed or payments made or the time period for such filing or payment has not lapsed. All such documents filed since the date that the Seller License was issued or transferred to the Seller are true and
correct in all material respects. The Seller License is renewable in accordance with its terms, without the need to comply with any special qualification procedures or to pay any amounts other than routine or generally applicable filing and
regulatory fees. The Seller License will not be, and could not reasonably be expected to be, adversely affected by consummation of the transactions contemplated by this Agreement. Seller and its Affiliates have not received from the FCC any notice
indicating that the Seller License failed or fails to satisfy the minimum build-out requirement in respect of such Seller License. Seller is not in breach, or otherwise in violation, in any material respect, of any FCC build-out requirement relating
to the Seller License. 
 (c) Seller has complied in all material respects with all applicable Laws, including FCC Laws and
the terms and conditions of the Seller License. The Seller License is not subject to any conditions or restrictions other than those appearing on its face and those imposed by the Communications Act of 1934, as amended, and the rules, regulations
and policies of the FCC (“FCC Law”). 
 (d) All of the construction requirements set forth in 47 C.F.R.
Section 24.203 (the “Buildout Requirements”) for the Seller License have been satisfied (the “License Buildout”), and the Seller has made a certification to the FCC to that effect (a “Buildout
Certification”). All of the material information and data set forth in such certification shall be true, complete and correct and shall have been accepted by the FCC. Seller is not in breach or otherwise in violation of any construction
requirement applicable to the Seller License. 
 (e) No amounts (including installment payments consisting of principal and/or
interest or late payment fees) are due to the FCC or any Governmental Authority in respect of any FCC license held by Seller, including the Seller License. 
 3.6. Litigation. There is no action, proceeding or investigation pending or, to Seller’s knowledge, threatened against Seller or the Assets that would be reasonably expected to have a material adverse
effect on Seller’s ability to consummate the Transactions, which seeks to prevent or challenge the Transactions, or would be reasonably expected to adversely affect the Assets or the Purchaser. There are no unsatisfied judgments outstanding
against the Seller or any of the Assets that, individually or in the aggregate, might prevent, alter or delay the transactions contemplated by this Agreement or that would be reasonably expected to adversely affect the Assets or the Purchaser.

 3.7. Brokers. Except for Falkenberg Capital, Seller has not employed any broker or finder or incurred any liability for any
brokerage or finder’s fees or commissions in connection with the Transactions Purchaser has not employed any broker or finder or incurred any liability for any brokerage or finder’s fees or commissions in connection with the Transactions.
The fees of Falkenberg Capital shall be paid by Seller or its Affiliates. 
  

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 3.8. Microwave Relocation Agreements 
 (a) Seller is not party to any microwave relocation agreements (“Relocation Agreements”) in respect of the Seller License
with respect to which either (i) Seller has not fully completed performance or (ii) the incumbent microwave licensee has not filed with the FCC (and provided to Seller or its Affiliate the ULS file numbers of) Applications or Notifications
on Form 601 to relinquish its rights to the microwave path(s) that are the subject of such agreement. 
 (b) Seller has not
been notified of any cost-sharing obligations by the PCIA Microwave Clearinghouse by reason of the construction or operation of any radio facilities using the spectrum associated with the Seller License. 
 3.9. Buildout Assets. 
 (a) Seller has and will transfer good and marketable title to the Buildout Assets (other than those which are leased or licensed by Seller) and, upon the consummation of the transactions contemplated hereby, Purchaser will acquire good
title to all such Buildout Assets, free and clear of any Liens. The Buildout Assets are in good and serviceable condition (ordinary course wear and tear excepted) and include all material assets used to conduct the License Buildout and to continue
operation of the Seller License in the manner contemplated by the Buildout Requirements. 
 (b) The tower lease entered into
by Seller in connection with the License Buildout and identified to Purchaser at such time (the “Tower Lease”) constitutes the only real property interest used or occupied by Seller in connection with the License Buildout.
Assignment and or transfer of Seller’s leasehold interest is subject to Landlord approval which is discretionary with the Landlord. Seller will use commercially reasonable efforts to transfer to Purchaser at the Closing a valid leasehold
interest in the Tower Lease leasehold estate, free and clear of all Liens. Seller enjoys peaceful and undisturbed possession under the Tower Lease, and Seller has in all material respects performed all the material obligations required to be
performed by it under the Tower Lease. The Buildout Assets are supplied with utilities and other services necessary for the operation of such facilities as currently operated. All leasehold improvements, and all fixtures and equipment and other
tangible Buildout Assets owned, leased or used by Seller in connection with the License Buildout are sufficient in all material respects for the operation of the Business as presently conducted. 
 (c) No later than ten Business Days prior to the Closing, Seller shall have delivered or made available to Purchaser true, correct and
complete copies of all of the contracts of any type and all amendments and supplements thereto, that are part of the License Buildout are being assumed by Purchaser (such contracts, licenses, leases and other agreements, together with the Tower
Lease (subject to Landlord approval), the “Buildout Contracts”). 
 (d) All of the Buildout Contracts are in
full force and effect and constitute the valid agreement of each party thereto and are enforceable against each such party in accordance with their terms except as such enforceability may be limited by laws relating to bankruptcy, insolvency,
reorganization, moratorium or similar laws of general applicability relating to or 

  

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affecting creditors rights generally and general principles of equity. Seller has duly performed all of its material obligations under such Contracts to the
extent those obligations to perform have accrued, and no material violation of, or material default or breach under, such Contracts by Seller, or, to Seller’s knowledge, any other party has occurred and neither Seller, nor, to Seller’s
knowledge, any other party has repudiated any material provisions thereof. 
 (e) Seller has all permits from the FCC or from
any Governmental Authority material to and necessary or required for the License Buildout and necessary to own and use the Buildout Assets. All such permits of Seller are valid and are in full force and effect, and no material violation of any such
permit has occurred and no proceeding is pending or threatened to revoke or limit any such permit. 
 (f) Seller has no
material liabilities or obligations (whether absolute or contingent, liquidated or unliquidated, or due or to become due) relating to the Buildout Assets of a type not normally associated with activities of the nature undertaken in connection the
License, except for liabilities and obligations disclosed to and approved in writing by Purchaser prior to their incurrence. 
 (g) None of the intellectual property included in the Buildout Assets is subject to or involved in any pending or, to the knowledge of Seller, threatened litigation. Seller’s use of such intellectual property is not infringing upon or
otherwise violating the rights of any third party. No proceedings have been instituted against or notices received by Seller that are presently outstanding alleging that Seller’s use of the intellectual property infringes upon or otherwise
violates any rights of a third party in or to such intellectual property. All such intellectual property is assignable by Seller to Purchaser in the manner contemplated by this Agreement without the consent of any third party. 
 (h) Seller is, and at all times has been, in compliance, in all material respects, with all Environmental Laws in connection with the
License Buildout; (i) Seller has no liability under any Environmental Law with respect to the License Buildout or the Buildout Assets; (ii) no notices of any material violation or alleged material violation of, or any material liability
under, any Environmental Law relating to the License Buildout or the Buildout Assets has been received by Seller (iii) there are no writs, injunctions, decrees, orders or judgments outstanding, or any actions, suits, claims, proceedings or
investigations pending or, to Seller’s knowledge, threatened, relating to compliance with or liability under any Environmental Law affecting the License Buildout or the Buildout Assets, and no such proceeding has been pending or, to the
knowledge of Seller, threatened. The real property under the Tower Lease has been at all times occupied by Seller, free from contamination from any substances governed by any Environmental Law as a result of the License Buildout or the ownership of
the Buildout Assets by Seller. Seller has provided Purchaser with true and correct copies of all studies, tests, analyses and assessments in the possession of Seller relating to the Buildout Assets and associated real property. 
 3.10. Taxes. There are no Liens for taxes on the Assets, other than Liens for taxes not yet due and payable. 
  

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 ARTICLE 4 
 REPRESENTATIONS AND WARRANTIES OF PURCHASER 
 Purchaser represents and warrants to Seller as follows:

 4.1. Organization. Purchaser is a corporation duly organized, validly existing and in good standing under the laws of the State of
Oklahoma. Purchaser has all requisite legal power and authority (i) to own, lease and operate its properties and carry on its business as presently conducted and (ii) to execute, deliver and perform its obligations under this Agreement and
each other instrument, document, certificate and agreement required or contemplated hereby to be executed, delivered and performed by Purchaser. Purchaser is duly qualified to do business in each jurisdiction where the character of its properties
owned or leased or the nature of its activities makes such qualification necessary, other than any such jurisdiction in which the failure to be so qualified would not materially adversely affect the Transactions or Purchaser’s ability to
perform its obligations under this Agreement. 
 4.2. Authorization. The execution and delivery of this Agreement and the performance
by Purchaser of its obligations hereunder, have been duly authorized by all necessary corporate action on the part of Purchaser and its board of directors. 
 4.3. Enforceability. This Agreement has been duly executed and delivered by Purchaser and is, when executed and delivered by Seller, a legal, valid and binding obligation of Purchaser, enforceable against
Purchaser in accordance with its terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles.

 4.4. No Conflicts or Consents. Neither the execution, delivery and performance by Purchaser of this Agreement, nor the consummation
of the Transactions by Purchaser, will (i) conflict with, or result in a breach or violation of, any provision of Purchaser’s Constituent Documents; (ii) constitute, with or without the giving of notice or passage of time or both, a
breach, violation or default by Purchaser or any of its Affiliates, create a Lien, or give rise to any right of termination, modification, cancellation, prepayment or acceleration, under (a) any Law or License (subject to receipt of the Consent
of the FCC to the Transactions) or (b) any note, bond, mortgage, indenture, lease, agreement or other instrument, in each case which is applicable to or binding upon Purchaser or any of its assets; or (iii) require any Consent, other than
the Consent of the FCC. 
 4.5. FCC Matters. 
 (a) Purchaser is legally qualified to (i) acquire and hold PCS licenses generally, (ii) acquire and hold the Seller License (and
the consummation of the Transactions will not cause Purchaser to be ineligible to hold the Seller License) and (iii) obtain any authorization or approval from any Governmental Authority necessary for Purchaser to acquire the Seller License.

 (b) Except for proceedings affecting the PCS industry generally, there is not pending, or to the knowledge of Purchaser,
threatened against Purchaser any application, action, petition, objection or other pleading, or any proceeding with the FCC or any other Governmental Authority, which would adversely affect the ability of Purchaser to consummate the Transactions.

  

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 4.6. Funding. Purchaser has, or has access to, funds sufficient to timely perform its obligations
under this Agreement and is financially qualified under FCC Law to acquire and hold the Seller License. 
 4.7. Litigation. There is
no action, proceeding or investigation pending or, to Purchaser’s knowledge, threatened against Purchaser or any of its properties or assets that would be reasonably expected to have a material adverse effect on its ability to consummate the
Transactions, or which seeks to prevent or challenge the Transactions. 
 4.8. Brokers. Except for George K. Baum Advisors LLC,
Purchaser has not employed any broker or finder or incurred any liability for any brokerage or finder’s fees or commissions in connection with the Transactions. The fees of George K. Baum Advisors shall be paid by Purchaser or its Affiliates.

 ARTICLE 5 
 COVENANTS AND
OTHER AGREEMENTS 
 5.1. Consummation of Transactions. Each party shall use its reasonable best efforts to take, or cause to be
taken, all actions, and to do, or cause to be done, all things necessary, proper or advisable and consistent with applicable Law to perform its obligations under this Agreement and to consummate the Transactions as soon as reasonably practicable.

 5.2. Compliance with Law. Prior to Closing, Seller shall comply in all material respects with Laws applicable to the Assets.

 5.3. Maintenance of Seller License and Buildout Assets 
 (a) Seller shall take commercially reasonable steps to maintain in full force and effect the Seller License and all other licenses
necessary to preserve Seller’s ability to consummate the Transactions contemplated by this Agreement. 
 (b) Seller shall
not enter into any other agreement, arrangement or understanding to, or otherwise offer or commit to (i) sell, transfer, assign or dispose of the spectrum to be covered by the Seller License or any interest therein or portion thereof, or
negotiate therefor, or (ii) create, incur or suffer to exist any Lien on the spectrum to be covered by the Seller License or any interest therein. Nothing in this paragraph shall serve to cause Seller to abdicate, or Purchaser to assume,
control of the Seller License. 
 (c) Seller shall not: (i) enter into or materially modify or terminate any Buildout
Contract without the prior written consent of Purchaser, which shall not be unreasonably withheld; (ii) sell, assign or otherwise transfer, convey, lease mortgage, pledge or dispose of or encumber any of the Assets, or interests therein;
(iii) fail to maintain the Assets in good and serviceable condition (ordinary wear and tear excepted), or fail to replace consistent with industry practice, inoperable, worn-out, damaged or obsolete Assets; (iv) fail to expend funds
relating to the Assets in accordance with customary practices. 
  

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 5.4. Consents. Seller shall use commercially reasonable efforts to obtain the necessary consents,
approvals or waivers from third parties with respect to the assignment of the Tower Lease. 
 5.5. FCC Consent. The parties shall
cooperate to prepare and file with the FCC, no later than five Business Days following the date hereof, complete applications, notices, petitions and other documents (including the furnishing to each other of copies of such applications and requests
prior to filing) and will diligently take, or cooperate in the taking of, all necessary and desirable steps, to provide any additional information required and otherwise use their efforts to prosecute the applications, and to obtain promptly the
requested consent and approval of the FCC to the assignment of the Seller License to the Purchaser; provided, however, that Purchaser shall not be required to agree, as a condition to obtaining such consent, to the divestiture of any assets,
licenses or rights to use spectrum. Each party shall furnish to the other party all information concerning such party and its Affiliates reasonably required for inclusion in any application or filing to be made in connection with the Transactions or
to determine compliance with FCC Law. Each party shall notify the other party hereto in the event it becomes aware of any other facts, actions, communications or occurrences that might directly or indirectly affect such party’s ability to
effect prompt FCC approval of the Transactions. Seller and Purchaser shall oppose any petitions to deny or other objections filed with respect to the application filed with the FCC that are directed to Seller or Purchaser; provided, however, that
neither Seller nor Purchaser shall have any obligation to participate in any evidentiary hearing on the application filed with the FCC. 
 5.6. Certain Notices. Each party shall promptly notify the other party in reasonable detail: 
 (a) upon the
commencement of, or the impending or threatened commencement of, or upon obtaining knowledge of any facts that would give rise to, any claim, action or proceeding brought to enjoin the consummation of the Transactions, or against or relating to
(i) the notifying party or its properties or assets, which would reasonably be expected to materially adversely affect the Transactions or such party’s ability to perform its obligations hereunder, or (ii) the Assets, except where
such claim, action or proceeding relates to the PCS industry generally; 
 (b) upon the occurrence of, or the impending or
threatened occurrence of, or upon obtaining knowledge of any facts that would give rise to, any event that would reasonably be expected to cause or constitute a material breach of any of its representations, warranties, covenants or agreements
contained in this Agreement, and shall use commercially reasonable efforts to prevent or promptly remedy such breach; and 
 (c) upon the occurrence or existence of any event, condition, circumstance or state of facts known to the notifying party, that has had or would reasonably be expected to have a material adverse effect on the Transactions or such
party’s ability to perform its obligations hereunder, or would reasonably be expected to materially adversely affect the Assets or their use, other than events, conditions, circumstances or states of facts affecting the PCS industry generally;
provided, however, that compliance with the disclosure requirements of this Section 5.6 shall not 

  

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relieve Seller of any obligation with respect to any representation, warranty or covenant of Seller in this Agreement or waive any condition to
Purchaser’s obligations under this Agreement 
 5.7. Confidentiality. Each party shall keep confidential the existence and terms
of this Agreement except as may be otherwise required by Law, including the securities laws and the laws of any stock exchange on which its securities are listed. Any and all Confidential Information or other non-public information, written or oral,
provided by one party (or its Affiliates) to the other party (or its Affiliates) under this Agreement, whether in connection with the defense of a claim or otherwise, shall be kept confidential by the receiving party and its Affiliates and shall not
be used or disclosed by the receiving party or its Affiliates except to the extent required in connection with the performance of the receiving party’s obligations under this Agreement or as required by Law, and then only after the receiving
party has provided the disclosing party with a reasonable opportunity to seek confidential treatment, a protective order or other limitation on such disclosure. The receiving party shall use commercially reasonable efforts to cooperate with the
disclosing party in seeking such confidential treatment to the maximum extent permitted by Law. Copies of any press releases announcing the Transactions issued by either party following the execution of this Agreement will be provided to the other
party prior to external release. 
 5.8. Further Assurances. Each party shall forthwith upon request execute and deliver such
documents and take such actions as may reasonably be requested by the other party in order to effectuate the purposes of this Agreement. 
 ARTICLE 6 
 CONDITIONS TO CLOSING 
 6.1. Conditions to the Obligations of Both Parties. Each party’s obligation to consummate the Transactions contemplated by this Agreement is subject to the satisfaction or waiver, on or prior to the
Closing Date, of each of the following conditions, as applicable to the party specified: 
 (a) The FCC shall have granted its
consent to the assignment of the Seller License to Purchaser, and all other notices, filings and Consents required to be made or obtained prior to the Closing by either party or any of its respective Affiliates with any Governmental Authority in
connection with the execution and delivery of this Agreement and the consummation of the Transactions shall have been made or obtained. 
 (b) No preliminary or permanent injunction or other order, decree or ruling issued by a Governmental Authority, nor any Law promulgated or enacted by any Governmental Authority, shall be in effect that would impose
material limitations on the ability of either party to consummate the Transactions. 
 6.2. Conditions to the Obligations of Seller.
Seller’s obligation to consummate the transactions contemplated by this Agreement are further subject to the satisfaction or waiver on or prior to the Closing Date of each of the following conditions: 
 (a) The representations and warranties of Purchaser contained herein shall be true and correct in all material respects as of the Closing
as if made on and as of the Closing Date 

  

 12 

 
(except that representations and warranties that are made as of a specific date need be so true and correct only as of such date), and Seller shall have
received a certificate to such effect dated the Closing Date and executed by a duly authorized officer of Purchaser. 
 (b)
The covenants and agreements of Purchaser to be performed under this Agreement on or prior to the Closing shall have been duly performed in all material respects, and Seller shall have received a certificate to such effect dated the Closing Date and
executed by a duly authorized officer of Purchaser. 
 (c) Purchaser shall have delivered to Seller the Purchase Price by a
wire transfer of immediately available funds to an account designated by Seller. 
 (d) Purchaser shall have executed and
delivered to Seller an “Instrument of Assignment” with respect to the Assets in the form of Exhibit A. 
 6.3. Conditions to the
Obligations of Purchaser. Purchaser’s obligation to consummate the transactions contemplated by this Agreement are further subject to the satisfaction or waiver on or prior to the Closing Date of each of the following conditions:

 (a) The representations and warranties of Seller contained herein shall be true and correct in all material respects as of
the Closing as if made on and as of the Closing Date (except that representations and warranties that are made as of a specific date need be so true and correct only as of such date), and Purchaser shall have received a certificate to such effect
dated the Closing Date and executed by a duly authorized officer of Seller. 
 (b) The covenants and agreements of Seller to
be performed under this Agreement on or prior to the Closing shall have been duly performed in all material respects, and Purchaser shall have received a certificate to such effect dated the Closing Date and executed by a duly authorized officer of
Seller. 
 (c) The order by which the FCC has consented to the assignment of the Seller License to the Purchaser shall be free
of any conditions materially adverse to Purchaser or its or their operations, excluding, however, conditions generally applicable under the FCC Laws to licenses of this nature, and shall be a Final Order. 
 (d) Seller shall have executed and delivered to Purchaser an “Instrument of Assignment” with respect to the Assets in the form
of Exhibit A. 
 (e) Purchaser shall have received an opinion, dated the Closing Date, of Seller’s FCC counsel in a form
of Exhibit B. 
 (f) Seller shall have delivered to Purchaser a certificate of “non-foreign status” as provided in
Treasury Regulations under Section 1445 of the Internal Revenue Code of 1986, as amended. 
  

 13 

 ARTICLE 7 
 TERMINATION 
 7.1. Termination. This Agreement may be terminated, and the Transactions
abandoned, without further obligation of either party except as set forth herein, at any time prior to the Closing Date: 
 (a) by mutual written consent of the parties; 
 (b) by either party upon written notice to the other if the Closing
shall not have occurred on or before the first anniversary of the date hereof, provided, that the terminating party is not otherwise in breach of its obligations under this Agreement; 
 (c) by either party upon notice to the other if the consummation of the Transactions shall be prohibited by a Final Order of the FCC or by
a final, non-appealable order, decree or injunction of a court of competent jurisdiction; or 
 (d) by the non-breaching party
in the event of a material breach by the other party of its obligations under this Agreement that remains uncured for 45 days after the non-breaching party notifies the other party of such breach. 
 7.2. Effect of Termination. In the event of a termination of this Agreement, neither party shall have any liability or further obligation to the
other, except that (a) nothing herein will relieve a party from liability for any breach by such party of this Agreement and (b) the provisions of this Article 7 and of Section 5.7, Article 8 (in accordance with its terms) and Article
9 shall survive the termination of this Agreement. Whether or not Closing occurs, all costs and expenses incurred in connection with this Agreement and the Transactions shall be paid by the party incurring such expenses, provided that in the event
this Agreement is terminated pursuant to Section 7.1(d) above, the non-breaching party shall be entitled to reimbursement by the breaching party of all costs and expenses incurred by the non-breaching party in connection with this Agreement and
the Transactions contemplated thereby. 
 ARTICLE 8 
 SURVIVAL AND INDEMNIFICATION 
 8.1. Survival. The representations and warranties contained in
this Agreement, and the right to indemnification in respect thereof, shall survive the Closing until eighteen months after the Closing Date and shall expire at such time; provided that the representations and warranties contained in
Section 3.1, 3.2, 3.3, 3.10, 4.1, 4.2 and 4.3 shall survive the Closing until the expiration of the applicable statute of limitation, and the representations and warranties contained in Section 3.5, which shall survive indefinitely. The
covenants and other agreements contained in this Agreement, and the right to indemnification in respect thereof, shall survive the Closing until the date or dates specified therein for performance thereof or until one year after the Closing Date,
whichever is later, and shall expire at such time. 
 8.2. Indemnification by Seller. Seller shall indemnify and hold harmless
Purchaser and its Affiliates, and their respective successors and assigns, and the shareholders, directors, officers, 
  

 14 

 
employees and agents of any and all of the foregoing (the “Purchaser Indemnified Persons”), from and against any and all demands, claims,
losses, liabilities, actions or causes of action, assessments, damages, fines, taxes, penalties, and reasonable costs and expenses (whether such costs and expenses relate to claims asserted by Persons indemnified under this Agreement or by third
parties), including, without limitation, interest, reasonable expenses of investigation, and reasonable fees and disbursements of counsel, accountants and other experts (collectively “Losses”), incurred or suffered by any Purchaser
Indemnified Person arising out of, in connection with or relating to (i) any breach of any of the representations or warranties made by Seller in this Agreement or, (ii) any failure by Seller to perform any of its covenants or agreements
contained in this Agreement, (iii) any claims by third parties arising out of, in connection with or relating to the ownership of or operations under the Assets by Seller or its Affiliates prior to the Closing, and (iv) any Non-Assumed
Liabilities. 
 8.3. Indemnification by Purchaser. Purchaser shall indemnify and hold harmless Seller and its Affiliates, and their
respective successors and assigns, and the shareholders, directors, officers, employees and agents of any and all of the foregoing (the “Seller Indemnified Persons”), from and against any and all Losses incurred or suffered by any
Seller Indemnified Person arising out of, in connection with or relating to (i) any breach of any of the representations or warranties made by Purchaser in this Agreement, (iib) any failure by Purchaser to perform any of its covenants or
agreements contained in this Agreement, (iii) any claims by third parties arising out of, in connection with or relating to the ownership of or operations under the Seller License by Purchaser or its Affiliates after the Closing or
(iv) any Assumed Liabilities. 
 8.4. Remedies 
 (a) Each party acknowledges and agrees that, from and after the Closing, its sole and exclusive remedy with respect to claims for breach
of representations, warranties, or covenants contained in this Agreement shall be pursuant to the indemnification provisions set forth in this Article 8. 
 (b) In no event shall any party be liable for indirect, special, consequential or punitive damages, including but not limited to lost profits, arising out of a breach of this Agreement, even if advised at the time of
breach of the possibility of such damages. 
 (c) In no event shall any party be liable under Section 8.2(a) or 8.3(a)
for aggregate damages in excess of the Purchase Price, provided however, that recovery of damages for fraud shall not be subject to such limitation and shall be excluded from the calculation of aggregate damages. For purposes of calculating
any damages under this Article 8 (but not for purposes of determining whether any particular representation, warranty or covenant contained in this Agreement has been breached) any materiality qualifications in such representation, warranty or
covenant shall be ignored. 
  

 15 

 ARTICLE 9 
 MISCELLANEOUS 
 9.1. Entire Agreement. This Agreement constitutes the entire agreement between
the parties pertaining to the subject matter hereof and thereof and supersedes all prior and contemporaneous agreements, understandings, negotiations and discussions, whether oral or written, of the parties with respect to the subject matter hereof
and thereof. 
 9.2. Amendments and Waivers. Any provision of this Agreement may be amended or waived if, and only if, such amendment
or waiver is in writing and signed (in the case of an amendment) by Seller and Purchaser or (in the case of a waiver) by the party against whom the waiver is to be effective. No failure or delay by any party in exercising any right, power or
privilege hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. 
 9.3. Remedies Cumulative. Except as otherwise provided herein, all rights, powers and remedies provided under this Agreement or otherwise
available in respect hereof at law or in equity shall be cumulative and not alternative, and the exercise or beginning of the exercise of any thereof by a party shall not preclude the simultaneous or later exercise of any other such right, power or
remedy by such party. 
 9.4. Assignment. This Agreement shall be binding upon and shall inure to the benefit of the parties and their
respective successors and permitted assigns. This Agreement may not be assigned by either party without the prior written consent of the other party; provided, however, that either party may assign this Agreement to any of its
Affiliates with the prior consent of the other party not to be unreasonably withheld or delayed. 
 9.5. Notices. All notices or other
communications hereunder shall be in writing and shall be deemed to have been duly given or made (i) upon delivery if delivered personally (by courier service or otherwise), as evidenced by written receipt or other written proof of delivery
(which may be a printout of the tracking information of a courier service that made such delivery), or (ii) upon confirmation of dispatch if sent by facsimile transmission (which confirmation shall be sufficient if shown by evidence produced by
the facsimile machine used for such transmission), in each case to the applicable addresses set forth below (or such other address which either party may from time to time specify): 
 If to Seller: 
 Elandia Solutions, Inc. 
 1500 Cordoba Road 
 Fort Lauderdale, FL 33316 
 Attention: Sidney D. Camper, III 
 Telephone: 954-728-9090 
 Facsimile: 
  

 16 

 With a copy (which shall not constitute notice) to: 
 Bennet & Bennet, PLLC 
 10 G Street N.E., 7th Floor 
 Washington, DC 20002

 Attention: Howard Shapiro 
 Telephone: 202-371-1500 
 Facsimile: 202-371-1558 
 If to Purchaser: 
 Chickasaw Wireless, Inc. 
 5 N. McCormick 
 Oklahoma City, OK 73127 
 Attention: Thomas F. Riley, Jr. 
 Telephone: 
 Facsimile: 405-946-4200 
 With a copy (which shall not constitute notice) to: 
 Latham & Watkins LLP

 Suite 1000 
 555 Eleventh Street, NW 
 Washington, DC 20004 
 Attention: Patrick Shannon 
 Telephone: 202-637-2200 
 Facsimile: 202-637-2201 
 9.6. Governing Law. This Agreement shall be governed by, and construed in accordance with, the internal laws of the State of New York without
reference to the choice of law principles thereof. Each party agrees that it shall bring any action or proceeding in respect of any claim arising out of or related to this Agreement or the Transactions, whether in tort or contract or at law or in
equity, exclusively in the United States District Court for the Southern District of Florida or the courts of the State of Florida (the “Chosen Courts”) and (i) irrevocably submits to the exclusive jurisdiction of the Chosen
Courts, (ii) waives any objection to laying venue in any such action or proceeding in the Chosen Courts for purposes of any such action or proceedings, (iii) waives any objection that the Chosen Courts are an inconvenient forum or do not
have jurisdiction over any party and (iv) agrees that service of process upon such party in any such action or proceeding shall be effective if notice, including the original or a copy of such process, is given and receipt thereof evidenced in
accordance with Section 9.5; provided, that nothing contained in this paragraph shall be deemed to constitute a waiver of any objection to subject matter jurisdiction. The parties hereby irrevocably waive any and all right to trial by jury in
any legal proceeding arising out of or related to this Agreement or the Transactions. 
 9.7. Expenses. Except as otherwise expressly
provided in this Agreement, whether or not the Transactions are consummated, the parties shall bear their respective expenses (including, but not limited to, all compensation and expenses of counsel, financial advisors, consultants, 
  

 17 

 
actuaries and independent accountants) incurred in connection with this Agreement and the Transactions. All filing fees required to be paid to any
Governmental Authority in connection with satisfying the conditions set forth in Section 6.1(a) will be borne equally by Purchaser and Seller. Seller agrees to bear the burden of any sales taxes, use taxes, transfer taxes, documentary charges,
recording or registration fees, stamp taxes or similar taxes (“Transfer Taxes”) payable on the transfer of the Assets. 
 9.8. Invalidity. In the event that any of the provisions contained in this Agreement or in any other instrument referred to herein, shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity,
illegality or unenforceability shall not affect any other provision of this Agreement or such other instrument and such provision will be ineffective only to the extent of such invalidity, illegality or unenforceability, unless the consummation of
the Transactions is impaired thereby. 
 9.9. Counterparts. This Agreement may be executed and delivered (including by facsimile
transmission) in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 
 9.10. Headings. The headings of the Articles and Sections herein are inserted for convenience of reference only and are not intended to be a part of or to affect the meaning or interpretation of this Agreement.

 [SIGNATURE PAGE FOLLOWS] 
  

 18 

 IN WITNESS WHEREOF, the parties have duly executed this Agreement as of the date first above written.

  
  

			
	 ELANDIA TECHNOLOGIES, INC.

		
	By:	 	  
		 	 Name:

		 	 Title:

	
	 CHICKASAW WIRELESS, INC.

		
	By:	 	  
		 	 Name:

		 	 Title:

 SCHEDULES AND EXHIBITS 
  

			
	Schedule I	  	Seller License
	Exhibit A	  	Form of Instrument of Assignment
	Exhibit B	  	Form of Seller FCC Counsel Opinion

 SCHEDULE I 
 SELLER LICENSE 
  

					
	 Call Sign
	  	 Market Name
	  	 Market Area

	 WPOK680
	  	Bloomington, IL	  	BTA046

 Exhibit A 
 INSTRUMENT OF ASSIGNMENT 
 INSTRUMENT OF ASSIGNMENT (the “Instrument of Assignment”), dated as of
_________________, 2006, by and between ELANDIA TECHNOLOGIES, INC., a ___________ corporation (“Assignor”) and CHICKASAW WIRELESS, INC., an Oklahoma corporation (“Assignee”). Capitalized terms used herein without definition shall
have the respective meanings assigned to them in the Purchase Agreement (as defined below). 
 WHEREAS, Assignor and Assignee have entered
into a Purchase Agreement (the “Purchase Agreement”), dated as of _______________, 2006, pursuant to which Assignor agreed to convey to Assignee, and Assignee agreed to acquire, the Assets; 
 WHEREAS, Assignor and Assignee have filed an application with the FCC requesting consent to the assignment of the Assets to Assignee and the FCC has
approved the application; and 
 NOW, THEREFORE, in consideration of the promises and the mutual representations, warranties, covenants,
conditions, and agreements hereinafter set forth, the parties agree as follows: 
  

	 	1.	Assignment. Pursuant to Section 2.1 of the Purchase Agreement, for valuable consideration, receipt of which is hereby acknowledged, Assignor, intending to be legally
bound, does hereby sell, assign, transfer, convey, and deliver to Assignee, its successors and assigns forever, all right and interest of Assignor in and to the Assets, free and clear of all Liens. 

  

	 	2.	Assumption. Assignee hereby accepts such assignment and irrevocably assumes and undertakes to pay, satisfy and discharge all of the obligations and liabilities arising out of
or in connection with the Assets to the extent set forth in the Purchase Agreement. 

  

	 	3.	Terms of Purchase Agreement Control. Nothing contained in this Instrument of Assignment shall in any way supersede, modify, replace, amend, change, rescind, waive, exceed,
expand, enlarge, or in any way affect the provisions of the Purchase Agreement, including the warranties, covenants, agreements, conditions and representations contained in the Purchase Agreement and, in general, any of the rights and remedies, and
any of the obligations and indemnifications, of Assignor or Assignee set forth in the Purchase Agreement. 

  

	 	4.	Further Assurances. Assignor and Assignee each covenants and agrees, in connection with the Purchase Agreement and this Instrument of Assignment, promptly to execute and
deliver any additional documents and instruments and perform any additional acts that may be reasonably necessary or desirable to effectuate and perform more fully the provisions of this Instrument of Assignment and the assignments provided for in
Section 1 hereof. 

  

	 	5.	Miscellaneous. This Instrument of Assignment (a) is executed pursuant to the Purchase Agreement and may be executed in counterparts, each of which as so executed shall
be deemed to be an original, but all of which together shall constitute one instrument, (b) shall be governed by and in accordance with the internal laws of the State of New York without regard to the principles of conflicts of law thereof and
(c) shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. 

 [Signatures on the next page] 

 IN WITNESS WHEREOF, Assignor and Assignee have each caused this Instrument of Assignment to be duly
executed and delivered as of the date first above written. 
  

			
	 ELANDIA TECHNOLOGIES, INC.

		
	By:	 	  
		 	 Name:

		 	 Title:

	
	 CHICKASAW WIRELESS, INC.

		
	By:	 	  
		 	 Name:

		 	 Title:

 EXHIBIT B: FORM OF OPINION OF FCC COUNSEL 
 [Closing Date] 
 [Address] 
  

	 	Re:	Purchase Agreement between Elandia Technologies, Inc. (“Seller”) and Chickasaw Wireless, Inc. (“Purchaser”), dated as of __________ ___, 2006 (the
“Agreement”) 

 Ladies and Gentlemen: 
 We have acted as special federal communications regulatory counsel to Seller. This opinion is rendered to you pursuant to Section 6.3(e) of the Agreement. Capitalized terms defined in the Agreement and used
herein without definition shall have the meanings given such terms in the Agreement. 
 As special federal communications regulatory counsel
to Seller, we address only matters within the jurisdiction of the Federal Communications Commission (“FCC”) under the Communications Act of 1934, as amended, and the rules, regulations, and published and publicly available orders and
policies of the FCC (collectively, the “Communications Laws”). We express no opinion as to any other federal, state, or local laws, statutes, rules, or regulations including, but not limited to, bankruptcy laws, state or local public
utility and other laws, regulations, rules or policies that may be applicable to Seller. In addition, we do not opine with respect to any law, regulation, rule or governmental policy which may be enacted, adopted, or become effective after the date
hereof, nor do we undertake any professional responsibility to advise you as to any subsequent event either in the nature of a change of fact or law, as to which we may become aware. 
 In connection with our rendering of this opinion, we have examined the Communications Laws, the Agreement, and the public records of the FCC that were
made available to us as of _________ [no earlier than 72 hours prior to closing], as we have deemed appropriate. We have assumed the accuracy, completeness and authenticity of the public records of the FCC that we examined on ________ [no earlier
than 72 hours prior to closing]. We also have relied upon the response received from the FCC to our inquiry dated _________ [no earlier than 10 business days prior to closing] to the FCC Enforcement Bureau with respect to the existence of formal
complaints, notices of apparent liability, hearings, petitions (other than with respect to specific applications), and other proceedings against Seller before the Telecommunications Consumers Division, Market Disputes Resolution Division, Technical
and Public Safety Division and Hearings, Investigations Division and the Spectrum Enforcement Division of the FCC’s Enforcement Bureau. As to factual matters, we have relied upon a certificate of an officer of Seller. We have not made any
independent review or investigation of factual or other matters for purposes of rendering this opinion. We have not conducted a field inspection or other technical or engineering evaluation of Seller’s operations in the Market or any other
plant or facilities that have been constructed or that may be operating. 

 In rendering the opinions herein expressed, we have assumed, without further investigation: (i) the
genuineness of all signatures on documents examined by us, (ii) the legal capacity of natural persons purporting to execute documents examined by us, (iii) the authenticity of all documents examined by us and represented to us as being
originals, (iv) the conformity to original documents of all documents examined by us and represented to us as being certified, conformed or photostatic copies or facsimiles, (v) the authority of Seller to enter into and to perform its
obligations under the Agreement, and (vi) that the Agreement constitutes a legal, valid and binding obligation of Seller. 
 All
statements as to factual matters underlying the opinions set forth herein are based upon our knowledge as of the date hereof. All references herein to “our knowledge” mean the actual present knowledge of the attorneys in this firm who are
actively engaged in substantive representation of Seller without any investigation or inquiry except as expressly described herein. No inference as to our knowledge of the existence or absence of any fact should be drawn from the fact of our
representation of Seller. 
 Our opinions are limited strictly to the matters stated herein and no opinions may be inferred or are
implied beyond the matters expressly stated herein. We have assumed no obligation to advise you with respect to any matters apart from the opinions specifically expressed herein. 
 Based upon our examination of the foregoing disclosures, documents, records and matters of law and subject to the qualifications, assumptions,
limitations and exceptions set forth herein, we are of the opinion that: 
 1. Seller is authorized to utilize radio frequency spectrum in
accordance with the FCC authorization (the “FCC License”) identified in Schedule I of the Agreement. The grant of the FCC License has become effective, no document evidencing the adoption of a stay of the effectiveness of the grant of the
FCC License has been released by the FCC, and the FCC License has not been invalidated by any subsequent published FCC action. No petition for reconsideration or review of the grant of the FCC License has been timely filed with the FCC, and the FCC
has not given public notice of review of the grant of the FCC License on its own motion. The times provided by the Communications Laws within which a party in interest may seek administrative reconsideration or review of the grant of the FCC
License, and within which the FCC may review or set aside such grant on its own motion, have expired. 
 2. The FCC has granted its consent
(the “FCC Consent”) to the assignment of the License from Seller to Buyer. No petition for reconsideration or review of the FCC Consent has been timely filed with the FCC and the FCC has not taken any action to review or set aside the FCC
Consent on its own motion. The times provided by the Communications Laws within which a party in interest may seek administrative reconsideration or review of the FCC Consent, and within which the FCC may review or set aside the FCC Consent on its
own motion, expired on ________ __, 2006, and _________ __, 2006, respectively. Subject to the Buyer timely notifying the FCC of the consummation of the assignment, once consummated, the FCC Consent includes and constitutes all necessary consents,
approvals and authorizations required under the Communications Laws for the assignment of the License from Seller to Buyer pursuant to, and in accordance with the terms of, the Agreement. 

 3. Solely with respect to matters involving compliance with the Communications Laws, no authorization,
approval or consent of, or exemption or other action by, or registration or filing with, the FCC is required in connection with the execution and delivery of the Agreement and performance of the terms and conditions thereof by Seller under the
Communications Laws applicable to Seller other than (i) the FCC Consent and (ii) such other authorizations, approvals, consents, exemptions, registrations or filings as have been made or secured by the date hereof. Except for the need to
obtain FCC consent prior to the consummation of the transactions contemplated by the Agreement, the execution and delivery by Seller of the Agreement, and Seller’s performance in accordance with the terms of the Agreement, do not violate any of
the terms or conditions of, or constitute a default under, the Communications Laws or the FCC License. 
 4. To our knowledge, except for
proceedings affecting the PCS industry generally, (i) there is no FCC judgment, decree or order that has been issued against or in respect of the FCC License that would materially impair the FCC License or the operation of a wireless system
thereunder, and (ii) there are no petitions, investigations, complaints, notices of violation, or other proceedings by or before the FCC, or appeals from an order of the FCC, pending or overtly threatened against Seller or the FCC License.

 5. Although we have made no investigation or inquiry regarding the occurrence or non-occurrence of any such event, no event has come to
our attention that leads us to believe that the revocation, termination or renewal with materially adverse conditions of the Seller License is likely as a result of such event. 
 This opinion is being furnished to you subject to the qualifications, assumptions, limitations and exceptions expressed herein and may be relied upon by
you only with respect to the specific matters that are the subject hereof. This opinion is rendered only to you and is solely for your benefit in connection with the transaction expressly addressed herein, and may not be copied, delivered to, or
relied upon by anyone other than you, or by you with respect to any other transactions or for any other purpose, without the express written consent of this firm. 
 This opinion is rendered as of the date hereof and we undertake no responsibility to advise you of any changes which might occur after the date hereof. 
 Very truly yours,Loan Agreement Among AST Telecom, LLC & ANZ Finance American Samoa, Inc.

 Exhibit 10.46 
  

 LOAN AGREEMENT 
 among 
 AST TELECOM, LLC 
 as Borrower 
 ANZ FINANCE AMERICAN SAMOA, INC. 
 ANZ AMERIKA SAMOA BANK 
 as Lenders 
 and 
 ANZ FINANCE AMERICAN SAMOA, INC.

 as Agent 
 October 30,
2006 
  

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	 ARTICLE 1 DEFINITIONS; INTERPRETIVE PROVISIONS
	  	1
	 Section 1.1
	  	 Certain Defined Terms
	  	1
	 Section 1.2
	  	 General Principles Applicable to Definitions
	  	10
	 Section 1.3
	  	 Accounting Terms
	  	10
	 Section 1.4
	  	 UCC Terms
	  	10
		
	 ARTICLE 2 THE REVOLVING LOANS
	  	11
	 Section 2.1
	  	 Revolving Loans
	  	11
	 Section 2.2
	  	 Manner of Borrowing
	  	11
	 Section 2.3
	  	 Repayment of Revolving Loans
	  	11
	 Section 2.4
	  	 Interest
	  	11
	 Section 2.5
	  	 Form and Place of Payment
	  	11
	 Section 2.6
	  	 Note; Recordation of Loans
	  	12
	 Section 2.7
	  	 Commitment Fees
	  	12
		
	 ARTICLE 3 THE TERM LOAN
	  	12
	 Section 3.1
	  	 Term Loan
	  	12
	 Section 3.2
	  	 Manner of Borrowing
	  	12
	 Section 3.3
	  	 Repayment of Term Loan
	  	13
	 Section 3.4
	  	 Interest
	  	13
	 Section 3.5
	  	 Form and Place of Payment
	  	13
	 Section 3.6
	  	 Note; Recordation of Loan
	  	13
		
	 ARTICLE 4 CONDITIONS TO LOANS
	  	14
	 Section 4.1
	  	 Conditions to Initial Advance
	  	14
	         (a)
	  	 Borrower Documents
	  	14
	         (b)
	  	 Borrower Authority
	  	14
	         (c)
	  	 Guarantor Documents
	  	14
	         (d)
	  	 Guarantor Authority
	  	14
	         (e)
	  	 Collateral
	  	15
	         (f)
	  	 Evidence of Priority
	  	16
	         (g)
	  	 Evidence of Insurance
	  	16
	         (h)
	  	 Officer’s Certificate
	  	16
	         (i)
	  	 No Material Adverse Change
	  	16
	         (j)
	  	 Payment of Fees and Expenses
	  	16
	         (k)
	  	 Consents
	  	16
	 Section 4.2
	  	 Conditions to All Advances
	  	16
	         (a)
	  	 Prior Conditions
	  	16
	         (b)
	  	 Notice of Borrowing
	  	16
	         (c)
	  	 No Defaults, Etc.
	  	17
	         (d)
	  	 Revocation of Guaranty
	  	17
	         (e)
	  	 Other Information
	  	17

  

 i 

					
	 ARTICLE 5 REPRESENTATIONS AND WARRANTIES
	  	17
	 Section 5.1
	  	 Existence and Power
	  	17
	 Section 5.2
	  	 Authorization
	  	17
	 Section 5.3
	  	 Government Approvals, Etc.
	  	17
	 Section 5.4
	  	 Binding Obligations, Etc.
	  	18
	 Section 5.5
	  	 Litigation
	  	18
	 Section 5.6
	  	 Financial Condition.
	  	18
	         (a)
	  	 Pro forma Financial Information
	  	18
	         (b)
	  	 Financial Statements
	  	18
	 Section 5.7
	  	 Solvency
	  	19
	 Section 5.8
	  	 Title and Liens
	  	19
	 Section 5.9
	  	 Intellectual Property
	  	19
	 Section 5.10
	  	 Matters Concerning Collateral
	  	19
	 Section 5.11
	  	 Environmental Laws, Etc.
	  	20
	 Section 5.12
	  	 Taxes
	  	20
	 Section 5.13
	  	 Other Agreements
	  	21
	 Section 5.14
	  	 Labor and Employee Relations Matters
	  	21
	 Section 5.15
	  	 Federal Reserve Regulations
	  	21
	 Section 5.16
	  	 ERISA.
	  	21
	 Section 5.17
	  	 Subsidiaries
	  	22
	 Section 5.18
	  	 Not Investment Company, Etc.
	  	22
	 Section 5.19
	  	 Representations as a Whole
	  	22
		
	 ARTICLE 6 AFFIRMATIVE COVENANTS
	  	22
	 Section 6.1
	  	 Use of Proceeds
	  	23
	 Section 6.2
	  	 Payment
	  	23
	 Section 6.3
	  	 Preservation of Company Existence, Etc.
	  	23
	 Section 6.4
	  	 Visitation Rights
	  	23
	 Section 6.5
	  	 Keeping of Books and Records
	  	23
	 Section 6.6
	  	 Maintenance of Property, Etc.
	  	23
	 Section 6.7
	  	 Compliance With Laws, Etc.
	  	23
	 Section 6.8
	  	 Other Obligations
	  	24
	 Section 6.9
	  	 Insurance
	  	24
	 Section 6.10
	  	 Financial Information
	  	24
	         (a)
	  	 Annual Borrower Financial Statements
	  	24
	         (b)
	  	 Quarterly Borrower Financial Statements
	  	24
	         (c)
	  	 Annual Budgets
	  	25
	         (d)
	  	 Other
	  	25
	 Section 6.11
	  	 Financial Covenant
	  	25
	 Section 6.12
	  	 Consent of Lessor
	  	25
	 Section 6.13
	  	 Notification
	  	25
	 Section 6.14
	  	 Additional Payments; Additional Acts
	  	26
		
	 ARTICLE 7 NEGATIVE COVENANTS
	  	27
	 Section 7.1
	  	 Distributions, Management Fees, Etc.
	  	27
	 Section 7.2
	  	 Transactions With Affiliates
	  	27
	 Section 7.3
	  	 Consolidations and Mergers
	  	28

  

 ii 

					
	 Section 7.4
	  	 Dispositions of Assets
	  	28
	 Section 7.5
	  	 Indebtedness
	  	28
	 Section 7.6
	  	 Guaranties, Etc.
	  	28
	 Section 7.7
	  	 Liens
	  	29
	 Section 7.8
	  	 Investments
	  	29
	 Section 7.9
	  	 Operations
	  	29
	 Section 7.10
	  	 Securities
	  	29
	 Section 7.11
	  	 ERISA Compliance
	  	29
	 Section 7.12
	  	 Accounting Change
	  	29
		
	 ARTICLE 8 EVENTS OF DEFAULT
	  	30
	 Section 8.1
	  	 Events of Default
	  	30
	         (a)
	  	 Payment Default
	  	30
	         (b)
	  	 Breach of Warranty
	  	30
	         (c)
	  	 Breach of Certain Covenants
	  	30
	         (d)
	  	 Breach of Other Covenants
	  	30
	         (e)
	  	 Material Adverse Change
	  	30
	         (f)
	  	 Cross-default
	  	30
	         (g)
	  	 Voluntary Bankruptcy, Etc.
	  	30
	         (h)
	  	 Involuntary Bankruptcy, Etc.
	  	31
	         (i)
	  	 Insolvency, Etc.
	  	31
	         (j)
	  	 Judgment
	  	31
	         (k)
	  	 Involuntary Liens
	  	31
	         (l)
	  	 ERISA
	  	31
	         (m)
	  	 Change in Control
	  	32
	         (n)
	  	 Condemnation
	  	32
	         (o)
	  	 Prepayment
	  	32
	         (p)
	  	 Governmental Approvals
	  	32
	         (q)
	  	 Other Government Action
	  	32
	         (r)
	  	 Guarantor Default; Invalidity of Guaranty
	  	32
	         (s)
	  	 Failure of Security
	  	33
	         (t)
	  	 Invalidity of Loan Documents
	  	33
	 Section 8.2
	  	 Consequences of Default.
	  	33
	         (a)
	  	 General Remedies
	  	33
	         (b)
	  	 Cash Collateral
	  	34
	         (c)
	  	 Application of Funds
	  	34
		
	 ARTICLE 9 MATTERS CONCERNING COLLATERAL
	  	34
	 Section 9.1
	  	 Recourse of Lenders
	  	34
	 Section 9.2
	  	 Acts of Lenders
	  	34
	 Section 9.3
	  	 Legally Required Releases
	  	35
	 Section 9.4
	  	 Turnover of Collateral
	  	35
		
	 ARTICLE 10 MATTERS CONCERNING THE AGENT
	  	35
	 Section 10.1
	  	 Appointment of Agent
	  	35
	 Section 10.2
	  	 Actions under Security Documents
	  	35
	 Section 10.3
	  	 Limitation on Responsibilities
	  	36

  

 iii 

					
	 Section 10.4
	  	 Duties and Obligations.
	  	36
	 Section 10.5
	  	 Dealings Between Agent and Borrower
	  	37
	 Section 10.6
	  	 Notice of Default
	  	38
	 Section 10.7
	  	 Indemnification
	  	38
	 Section 10.8
	  	 Successor Agent
	  	38
		
	 ARTICLE 11 MISCELLANEOUS
	  	39
	 Section 11.1
	  	 No Waiver; Remedies Cumulative
	  	39
	 Section 11.2
	  	 Governing Law
	  	39
	 Section 11.3
	  	 Consent to Jurisdiction
	  	39
	 Section 11.4
	  	 Waiver of Jury Trial
	  	39
	 Section 11.5
	  	 Notices
	  	39
	 Section 11.6
	  	 Assignments and Participations
	  	40
	 Section 11.7
	  	 Confidentiality
	  	40
	 Section 11.8
	  	 USA Patriot Act Notice
	  	41
	 Section 11.9
	  	 Borrower’s Indemnity
	  	41
	 Section 11.10
	  	 Set-Off
	  	41
	 Section 11.11
	  	 Severability
	  	42
	 Section 11.12
	  	 Survival
	  	42
	 Section 11.13
	  	 Executed in Counterparts
	  	42
	 Section 11.14
	  	 Conditions Not Fulfilled
	  	42
	 Section 11.15
	  	 Entire Agreement; Amendment, Etc.
	  	42
	 Section 11.16
	  	 Construction
	  	42

 Schedules 
  

					
	 Schedule 1
	 	–	  	 Existing Debt

	 Schedule 2
	 	–	  	 Litigation

	 Schedule 3
	 	–	  	 Liens

	 Schedule 4
	 	–	  	 Intellectual Property

	 Schedule 5
	 	–	  	 Environmental Matters

 Exhibits 
  

					
	 Exhibit A-1
	 	–	  	 Revolving Note

	 Exhibit A-2
	 	–	  	 Term Note

	 Exhibit B-1
	 	–	  	 Continuing Guaranty (Parent Guarantors)

	 Exhibit B-1
	 	–	  	 Continuing Guaranty (Affiliate Guarantors)

	 Exhibit C
	 	–	  	 Contribution Agreement

	 Exhibit D-1
	 	–	  	 Security Agreement (Borrower)

	 Exhibit D-2
	 	–	  	 Security Agreement (Parent Guarantors)

	 Exhibit D-2
	 	–	  	 Security Agreement (Affiliate Guarantors)

	 Exhibit E
	 	–	  	 Pledge Agreement

	 Exhibit F
	 	–	  	 Real Property Mortgage

  

 iv 

 LOAN AGREEMENT 
 THIS LOAN AGREEMENT (the “Agreement”) is made as of the 30th day of October, 2006, by and between AST TELECOM, LLC, a Delaware limited liability company (the “Borrower”), ANZ FINANCE
AMERICAN SAMOA, INC., an American Samoa corporation (the “ANZ Finance”), ANZ AMERIKA SAMOA BANK, an American Samoa corporation (“ANZ Bank” and together with ANZ Finance, the “Lenders” and each a
“Lender”), and ANZ FINANCE AMERICAN SAMOA, INC., an American Samoa corporation, as agent for the Lenders (in such capacity, the “Agent”). 
 ARTICLE 1 
 DEFINITIONS; INTERPRETIVE PROVISIONS 
 Section 1.1 Certain Defined Terms. As used in this Agreement, the following terms have the following meanings: 
 “Affiliate” means any Person who, directly or indirectly, controls or is controlled by or is under common control with such Person.

 “Affiliate Guarantors” means, collectively, Generic Technology Limited, a Fiji corporation, Datec (Fiji) Limited, a Fiji
corporation, Network Services Limited, a Fiji corporation, Brocker Technology Group (NZ) Limited, a New Zealand corporation, Datec Investments Limited, a New Zealand corporation, Mobile Technology Solutions Limited, a New Zealand corporation, Datec
(Samoa) Ltd., a Samoa corporation, and Datec (Tonga) Limited, a Tonga corporation, and “Affiliate Guarantor” means any of them. 
 “Agent” means ANZ Finance American Samoa, Inc., an American Samoa corporation, and any Successor thereto or successor agent selected pursuant to Section 10.8. 
 “Agreement” means this Loan Agreement, as the same may be amended, restated, supplemented or otherwise modified from time to time.

 “AICPA” means the American Institute of Certified Public Accountants. 
 “ANZ Bank” means ANZ Amerika Samoa Bank, an American Samoa corporation, and any Successor. 
 “ANZ Finance” means ANZ Finance American Samoa, Inc., an American Samoa corporation, and any Successor. 
 “Applicable Interest Rate” means (i) with respect to the Revolving Loans, an interest rate per annum rate equal to one percent
(1.00%) above the Prime Rate (changing as such Prime Rate changes), and (ii) with respect to the Term Loan, an interest rate per annum equal to one and one quarter percent (1.25%) above the Prime Rate (changing as such Prime Rate
changes). 
 “Borrower” means AST Telecom, LLC, a Delaware limited liability company, and any Successor. 
  

 1 

 “Borrower Documents” means this Agreement, the Notes, the Contribution Agreement and the
Security Documents to which the Borrower is a party, as any thereof shall be amended, restated, supplemented or otherwise modified from time to time and all other certificates, instruments and other documents executed by the Borrower in connection
with this Agreement or the transactions contemplated hereby. 
 “Business Day” means any day other than Saturday, Sunday or
other day on which banks are authorized or obligated to close in Pago Pago, American Samoa. 
 “Business Unit” means
(i) a corporation, partnership or limited liability company, business, business unit, division or product or service line, or (ii) the assets that constitute all or substantially all of the assets of any of the entities or business units
described in the preceding clause (i). 
 “Capital Leases” means for any Person, all obligations of such Person under leases
which shall have been, or in accordance with GAAP, should be recorded as capital leases. 
 “Capital Stock” means all shares
of capital stock of or in a Person which is a corporation, whether voting or non-voting, and including common stock and preferred stock, all membership or other equity interests of or in a Person which is a limited liability company, all partnership
and other equity interests of or in a Person which is a partnership, and all similar equity and other interests of or in any other Person. 
 “Cash Equivalents” means: (i) marketable direct obligations issued or unconditionally guaranteed by the United States government or issued by any agency thereof and backed by the full faith and credit of the United
States, in each case maturing within one year from the date of acquisition thereof; (ii) commercial paper maturing no more than one year from the date issued and, at the time of acquisition, having a rate of at least A-1 from
Standard & Poor’s Rating Services or at least P-1 from Moody’s Investors Service, Inc.; (iii) certificates of deposit or bankers’ acceptances maturing within one year from the date of issuance thereof issued by, or
overnight reverse repurchase agreements from any commercial bank organized under the laws of the United States of America or any state thereof or the District of Columbia having combined capital and surplus of not less than One Hundred Million
Dollars ($100,000,000); (iv) time deposits maturing no more than thirty (30) days from the date of creation thereof and demand deposits with commercial banks having membership in the Federal Deposit Insurance Corporation in amounts not
exceeding the lesser of One Hundred Thousand Dollars ($100,000) or the maximum amount of insurance applicable to the aggregate amount of the Borrower’s deposits at such institution; and (v) deposits or investments in mutual or similar
funds offered or sponsored by brokerage or other companies having membership in the Securities Investor Protector Corporation investing only in obligations described in clauses (i) through (iv) above. 
 “Code” means the Internal Revenue Code of 1986, as amended from time to time. 
 “Collateral” means the property in which any of the Security Documents creates or purports to create a security interest or other lien
in favor of the Agent for the ratable benefit of the Lenders and the Agent. 
  

 2 

 “Commitment” means (i) with respect to ANZ Finance, its obligation to make
Revolving Loans under this Agreement and (ii) with respect to ANZ Bank, its obligation to make the Term Loan under this Agreement. 
 “Commitment Period” has the meaning given in Section 2.1. 
 “Consent of Lessors”
means that certain Agreement and Consent of Lessors executed by the Estate of Folole Falefia, Misiluki Falefia, Kuresa Falefia, Tu’utasi Falefia, Finau Folau and Fa’atupu Gutu of the village of Ili’ili, American Samoa for the benefit
of the Agent, as the same may be amended, restated, supplemented or otherwise modified from time to time. 
 “Consent of
Sublessor” means that certain Agreement and Consent of Sublessor dated as of October 30, 2006, executed by American Samoa Cablevision, a Washington general partnership, for the benefit of the Agent, as the same may be amended,
restated, supplemented or otherwise modified from time to time. 
 “Contribution Agreement” means that certain Indemnity,
Subrogation and Contribution Agreement dated as of October 30, 2006, substantially in the form of Exhibit C attached hereto, executed by the Borrower and the Guarantors, as the same may be amended, restated, supplemented or
otherwise modified from time to time. 
 “Controlled Group” means all members of a controlled group of corporations and all
trades or businesses (whether or not incorporated) under common control which, together with the Borrower, are treated as a single employer under Section 414(b) or 414(c) of the Code. 
 “Default” means any event which but for the passage of time, the giving of notice, or both would be an Event of Default. 
 “Default Rate” means a per annum rate equal to five percent (5%) above the Prime Rate (changing as such Prime Rate changes).

 “Dollar” and “$” mean lawful money of the United States. 
 “Environmental Laws” means all federal, state and local statutes, regulations, ordinances, and requirements, now or hereafter in effect,
pertaining to environmental protection, contamination or cleanup, including, without limitation (i) the Federal Resource Conservation and Recovery Act of 1976 (42 U.S.C. § 6901, et seq.), (ii) the Federal Comprehensive
Environmental Response, Compensation, and Liability Act (42 U.S.C. § 9601, et seq.), (iii) the Federal Hazardous Materials Transportation Control Act (49 U.S.C. § 1801, et seq.), (iv) the Federal Clean Air Act (42
U.S.C. § 7401, et seq.), (v) the Federal Water Pollution Control Act, Federal Clean Water Act (33 U.S.C. § 1251, et seq.), (vi) the Federal Insecticide, Fungicide, and Rodenticide Act, Federal Pesticide
Act (7 U.S.C. § 136, et seq.), (vii) the Federal Toxic Substances Control Act (15 U.S.C. § 2601, et seq.) and (viii) the Federal Safe Drinking Water Act (42 U.S.C. § 300f, et seq.), all as
now or hereafter amended. 
 “EBIT” means, for any period, an amount equal to Net Income for such period plus, the
following to the extent deducted in calculating such Net Income, (i) Interest Expense for such period and (ii) all Federal, state, local and foreign income tax 

  

 3 

 
expense of the Borrower and its Subsidiaries on a consolidated basis for such period. 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time. 
 “Event of Default” has the meaning given in Section 8.1. 
 “Existing Debt” means the Indebtedness set forth on Schedule 1 attached hereto. 
 “Financial Transaction Contract” means any agreement (including all schedules thereto, confirmations of transactions thereunder, and
documents, definitions, and agreements incorporated therein by reference or relating thereto) between the Borrower and the Lender or an Affiliate of the Lender, whether or not in writing, pursuant to which the Lender or an Affiliate of the Lender
has agreed to (i) permit daylight overdrafts to occur on accounts maintained by the Borrower with the Lender or such Affiliate of the Lender, (ii) provide remote disbursement services for any the Borrower, (iii) process automated
clearing house (ACH) transactions for the account of the Borrower or (iv) extend credit to the Borrower, in the form of credit card accounts and merchant card accounts, and, unless the context otherwise clearly requires, any master agreement
relating to or governing any or all of the foregoing. 
 “Fraudulent Transfer Law” means Section 548 of the Bankruptcy
Code of the United States, the Uniform Fraudulent Transfer Act, or any applicable provisions of comparable international, foreign, Federal, state or local law. 
 “GAAP” has the meaning given in Section 1.3. 
 “Government
Approval” means an approval, permit, license, authorization, certificate, or consent of any Governmental Authority. 
 “Governmental Authority” means the government of the United States or any State or any foreign country or any political subdivision of any thereof or any branch, department, agency, instrumentality, court, tribunal or
regulatory authority which constitutes a part or exercises any sovereign power of any of the foregoing. 
 “Guaranties”
means, collectively (i) that certain Continuing Guaranty dated as of October 30, 2006, substantially in the form of Exhibit B-1 attached hereto, executed by the Parent Guarantors in favor of the Lenders and the Agent and
(ii) that certain Deed of Continuing Guaranty dated as of October 30, 2006, substantially in the form of Exhibit B-2 attached hereto, executed by the Affiliate Guarantors in favor of the Lenders and the Agent, as each may be
amended, restated, supplemented or otherwise modified from time to time, and “Guaranty” means either of them. 
 “Guarantors” means, collectively, the Parent Guarantors and the Affiliate Guarantors, and “Guarantor” means any of them. 
 “Guarantor Documents” means the Guaranties, the Contribution Agreement and the Security Documents to which the Guarantors are a party, as any thereof shall be amended, restated, supplemented or
otherwise modified from time to time and all other 

  

 4 

 
certificates, instruments and other documents executed by any Guarantor in connection with this Agreement or the transactions contemplated hereby.

 “Indebtedness” means, for any Person, without duplication: (i) all indebtedness for borrowed money; (ii) all
obligations issued, undertaken or assumed as the deferred purchase price of property or services (other than indebtedness or liability for borrowed money deferred for a period of more than six months from the date of incurrence or trade payables
entered into in the ordinary course of business on ordinary terms); (iii) all reimbursement or payment obligations with respect to letters of credit, bankers acceptances, surety bonds and similar instruments; (iv) all obligations evidenced
by notes, bonds, debentures or similar instruments, including obligations so evidenced incurred in connection with the acquisition of property, assets or businesses; (v) the net obligations of such Person under any Swap Contract in an amount
equal to (A) if such Swap Contract has been closed out, the termination value thereof, or (B) if such Swap Contract has not been closed out, the mark-to-market value thereof determined on the basis of readily available quotations provided
by any recognized dealer in such swap agreement; (vi) all indebtedness created or arising under any conditional sale or other title retention agreement (excluding any operating lease), or incurred as financing, in either case with respect to
property acquired by such Person (even though the rights and remedies of the seller or bank under such agreement in the event of default are limited to repossession or sale of such property); (vii) all obligations with respect to Capital Leases
or Synthetic Leases; (viii) all indebtedness referred to in clauses (i) through (vi) above secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien upon or in
property (including, without limitation, accounts and contracts rights) owned by such Person, even though such Person has not assumed or become liable for the payment of such Indebtedness; and (viii) all liabilities in respect of indebtedness
or obligations of others of the kinds referred to in clauses (i) through (vii) above for which such Person is directly or contingently liable as obligor, guarantor, or otherwise, or in respect of which such Person otherwise assures a
creditor against loss. For purposes of this Agreement, the Indebtedness of any Person shall include all recourse Indebtedness of any partnership or joint venture formed as a partnership where such Person is a general partner or is otherwise liable
for the Indebtedness of such partnership or joint venture, unless such Indebtedness is expressly made non-recourse to such Person and except for customary exceptions acceptable to the Lender. 
 “Intellectual Property” means, as to any Person, all of the following: (i) all trademarks, service marks, designs, trade names,
corporate names, company names, business names, fictitious business names, trade styles, trade dress, logos, other source or business identifiers owned or used by such Person in its business or hereafter adopted or acquired, all registrations and
recordings thereof, and all registration and recording applications filed in connection therewith, including registrations and pending applications in the United States Patent and Trademark Office, any State of the United States or any similar
offices in any other country or any political subdivision thereof, and all extensions or renewals thereof; (ii) all letters patent of the United States or any other country or any political subdivision thereof, all registrations and recordings
thereof, and all applications for letters patent of the United States or the equivalent thereof in any other country owned by such Persons, including registrations, recordings and pending applications in the United States Patent and Trademark Office
or the equivalent thereof in any similar offices in any other country, and all reissues, continuations, divisions, 

  

 5 

 
continuations-inpart, renewals or extensions thereof, and the inventions disclosed or claimed therein, including the right to make, use and/or sell the
inventions disclosed or claimed therein; (iii) all computer programs, computer data bases, other computer software, trade secrets, trade secret rights, ideas, drawings, designs, schematics, algorithms, writings, techniques, processes and
formulas owned or used by such Person in its business; and (iv) all copyright rights of such Person in any work subject to the copyright laws of the United States, any state thereof or any other country or any political subdivision thereof,
whether registered or unregistered and whether published or unpublished, whether as author, assignee, transferee or otherwise, and all registrations and applications for registration of any such copyright in the United States, any state thereof or
any other country or any political subdivision thereof, including registrations, recordings, supplemental registrations and pending applications for registration in the United States Copyright Office or in any similar offices in any other country.

 “Interest Expense” means, for any period, the sum (without duplication) of (i) all interest, premium payments, debt
discount, fees, charges and related expenses in connection with borrowed money (including capitalized interest) or in connection with the deferred purchase price of assets, in each case to the extent treated as interest in accordance with GAAP and
(ii) the portion of rent expense with respect to such period under Capital Leases that is treated as interest in accordance with GAAP, in each case, of or by the Borrower and its Subsidiaries on a consolidated basis for such period. 

“Investments” has the meaning given in Section 7.8. 
 “Lenders” means ANZ Finance, ANZ Bank and any Successors thereto or permitted assigns thereof. 
 “Lien” means, for any Person, any security interest, pledge, mortgage, charge, assignment, hypothecation, encumbrance, attachment,
garnishment, execution or other voluntary or involuntary lien upon or affecting the revenues of such Person or any real or personal property in which such Person has or hereafter acquires any interest. 
 “Loan Documents” means, collectively, the Borrower Documents, the Guarantor Documents and all other documents executed by the Borrower
or any Guarantor and delivered to the Agent or any Lender in connection with the transactions contemplated by this Agreement as the same may be amended, restated, supplemented or otherwise modified from time to time. 
 “Loans” means, collectively, the Revolving Loans and the Term Loan. 
 “Maturity Date” means (i) in the case of the Revolving Loans, the Revolving Maturity Date and (ii) in the case of the Term
Loan, the Term Loan Maturity Date. 
 “Net Income” means, for any period, an amount equal to the net income of the Borrower
and its Subsidiaries on a consolidated basis for such period. 
 “Notes” means the Revolving Note and the Term Note, and
“Note” means either of them. 
 “Officer’s Certificate” means a certificate executed and delivered on
behalf of the Borrower by a Responsible Officer of the Borrower. 
  

 6 

 “Parent Guarantors” means, collectively, Elandia, Inc., a Delaware corporation, eLandia
South Pacific Holdings, Inc., a Delaware corporation, and eLandia Datec Acquisition Ltd., a British Virgin Islands corporation, and “Parent Guarantor” means any of them. 
 “PBGC” means the Pension Benefit Guaranty Corporation or any entity succeeding to any or all of its functions under ERISA. 

“Pension Plan” means an “employee pension benefit plan” (as such term is defined in ERISA) from time to time maintained by
the Borrower or a member of a Controlled Group. 
 “Permitted Liens” means: (i) Liens securing Taxes which are not
delinquent or which remain payable without penalty (excluding any Liens imposed pursuant to any of the provisions of ERISA) or the validity or amount of which is being contested in good faith by appropriate proceedings, which shall have the effect
of staying execution if execution is threatened or possible; (ii) Liens imposed by law (such as mechanics’, processor’s, materialmen’s, carriers’, warehousemen’s and landlord’s liens) incurred in good faith in the
ordinary course of business which are not delinquent or which remain payable without penalty or the validity or amount of which is being contested in good faith by appropriate proceedings, which shall have the effect of staying execution if
execution is threatened or possible; (iii) Liens arising in connection with worker’s compensation, unemployment insurance and social security benefits which are not delinquent or which remain payable without penalty or the validity or
amount of which is being contested in good faith by appropriate proceedings, which shall have the effect of staying execution if execution is threatened or possible; (iv) Liens incurred or deposits made in the ordinary course of business to
secure the performance of bids tenders, statutory obligations, fee and expense arrangements with trustees and fiscal agents (exclusive of obligations incurred in connection with the borrowing of money) and customary deposits granted in the ordinary
course of business under operating leases; (v) Liens securing surety, indemnity, performance, appeal and release bonds; (vi) customary rights of set off, revocation, refund or chargeback under deposit agreements or under the UCC in favor
of banks where the Borrower maintains deposits in the ordinary course of business; and (vii) Liens constituting encumbrances in the nature of zoning restrictions, condemnations, easements, encroachments, covenants, rights of way, minor defects,
irregularities and rights or restrictions of record on the title or use of real property, which, in the reasonable judgment of the Lender, do not materially detract from the value of such property or materially impair the use thereof in the business
and operations of the Borrower. 
 “Person” means any natural person, corporation, unincorporated organization, trust, joint
stock company, joint venture, association, company, limited liability company, partnership or government, or any agency or political subdivision of any government. 
 “Plan” means, at any time, an employee pension benefit plan which is covered by Title IV of ERISA or subject to the minimum funding standards under Section 412 of the Code and is either
(i) maintained by the Borrower or any member of a Controlled Group for employees of the Borrower or any member of a Controlled Group or (ii) maintained pursuant to a collective bargaining agreement or any other arrangement under which more
than one employer makes contributions and to which the Borrower or any member of a Controlled Group is then making or accruing an obligation to make contributions or has within the preceding five (5) plan years made contributions. 

 

 7 

 “Pledge Agreement” means that certain Pledge Agreement dated as of October 30, 2006
substantially in the form of Exhibit E attached hereto executed by Generic Technology Limited, a Fiji corporation, in favor of the Agent for the ratable benefit of the Lenders and the Agent, as the same may be amended, restated,
supplemented or otherwise modified from time to time. 
 “Prime Rate” means the base rate on corporate loans posted by at
least 75% of the United States’ 30 largest banks, commonly known as the U.S. Prime Rate of Interest as published from time to time in the Wall Street Journal. 
 “Real Property Mortgage” means the Real Property Leasehold Mortgage; Security Agreement; Assignment of Rents and Leases; and Financing Statement dated as of October 30, 2006 substantially in the
form of Exhibit F attached hereto and executed by Stanford American Samoa Holdings, Limited, an American Samoa corporation, in favor of the Agent for the ratable benefit of the Lenders and the Agent, as the same may be amended, restated,
supplemented or otherwise modified from time to time. 
 “Responsible Officer” means, as to any Loan Party, any of the
President, the Director, the Vice President, or the Secretary of such Loan Party. 
 “Revolving Commitment” means Five
Million Dollars ($5,000,000). 
 “Revolving Loans” has the meaning given in Section 2.1. 
 “Revolving Maturity Date” means October 30, 2007. 
 “Revolving Note” has the meaning given in Section 2.6. 
 “Security
Agreements” means, collectively (i) that certain Security Agreement dated as of October 30, 2006 substantially in the form of Exhibit D-1 attached hereto executed by the Borrower in favor of the Agent for the ratable
benefit of the Lenders and the Agent, (ii) that certain Security Agreement dated as of October 30, 2006 substantially in the form of Exhibit D-2 attached hereto executed by the Parent Guarantors in favor of the Agent for the
ratable benefit of the Lenders and the Agent, and (iii) that certain Security Agreement dated as of October 30, 2006 substantially in the form of Exhibit D-3 attached hereto executed by the Affiliate Guarantors in favor of the
Lender, as each may be amended, restated, supplemented or otherwise modified from time to time, and “Security Agreement” means any of them. 
 “Security Documents” means, collectively (i) the Security Agreements, (ii) the Pledge Agreement, (iii) the Real Property Mortgage, (iv) all financing statements, fixture filings,
landlord waivers and notices filed in connection therewith, and (v) all other documents and instruments executed by the Borrower or any Guarantor in connection therewith, as any thereof shall be amended, restated, supplemented or otherwise
modified from time to time. 
 “Solvent” means, as to any Person at a particular time, if, at such time both
(a) (i) the then fair saleable value of the property of such Person on a going concern basis is (A) greater than the total amount of liabilities (including contingent liabilities) of such Person as they mature in the ordinary course
and (B) not less than the amount that will be required to pay the probable liabilities on such Person’s then existing debts as they become absolute and matured considering 

  

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all financing alternatives and potential asset sales reasonably available to such Person; (ii) such Person’s capital is not unreasonably small in
relation to its business or any contemplated or undertaken transaction; and (iii) such Person does not intend to incur, or believe (nor should it reasonably believe) that it will incur, debts beyond its ability to pay such debts as they become
due; and (b) such Person is “solvent” within the meaning given that term and similar terms under applicable laws relating to fraudulent transfers and conveyances. For purposes of this definition, the debts and liabilities of a Person,
contingent or otherwise, shall include the amount of all debts and liabilities that are relevant under applicable Fraudulent Transfer Laws, and the assets of a Person shall give effect to the value (as determined under the applicable provisions of
the Fraudulent Transfer Laws) of any rights to subrogation, reimbursement, indemnification or contribution of such Person pursuant to applicable Law or pursuant to the terms of any agreement (including the Contribution Agreement). 
 “Subordinated Debt” means Indebtedness of the Borrower or any Subsidiary with respect to which the Borrower or such Subsidiary and the
party to whom the Indebtedness is owed have executed and delivered a subordination agreement in favor of the Lender in form and substance satisfactory to the Lender. 
 “Subsidiary” means, for any Person, each business entity directly or indirectly controlled by such Person. For the purposes of this definition, “controlled by” shall mean the possession,
directly or indirectly of the power to direct or cause the direction of the management or policies of such Subsidiary, whether through the ownership of partnership or limited liability company interest, voting securities, by contract, or otherwise.
Unless otherwise specified, all references herein to a “Subsidiary” shall refer to a Subsidiary of the Borrower. 
 “Successor” means, for any corporation, banking association or other legal entity, any successor by merger or consolidation, or by acquisition of substantially all of the assets of the predecessor, or by conversion to
another type of legal entity, or by continuation after and the occurrence of an event that would otherwise result in termination under applicable law but for such continuation. 
 “Swap Contract” means any agreement (including all schedules thereto, confirmations of transactions thereunder, and documents,
definitions, and agreements incorporated therein by reference or relating thereto) relating to any transaction between the Borrower and the Lender or an Affiliate of the Lender that is an interest rate swap agreement or equivalent interest rate risk
management agreement, basis swap, forward rate agreement, interest rate option, rate cap, collar or floor agreement or any other, similar agreement, and, unless the context otherwise clearly requires, any master agreement relating to or governing
any or all of the foregoing. 
 “Synthetic Lease” means (i) a so-called synthetic, off-balance sheet or tax retention
lease, or (ii) an agreement for the use or possession of property creating obligations which do not appear on the balance sheet of such Person but which, upon the insolvency or bankruptcy of such Person, would be characterized as the
Indebtedness of such Person (without regard to accounting treatment). 
  

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 “Tax” means, for any Person, any tax, assessment, duty, levy, impost or other charge
imposed by any Governmental Authority on such Person or on any property, revenue, income, or franchise of such Person and any interest or penalty with respect to any of the foregoing. 
 “Term Loan” has the meaning given to it in Section 3.1. 
 “Term Note” has the meaning given in Section 3.6. 
 “Term Maturity Date” means October 30, 2015. 
 “Treasury Management Contract” means any agreement among the Borrower and its Affiliates governing the provision of treasury or cash management services, including, without limitation, deposit
accounts, funds transfers, automated clearing house (ACH) transactions, zero balance accounts, concentration accounts, controlled disbursement services and lockbox accounts. 
 “Unfunded Vested Liabilities” means, with respect to any Plan at any time, the amount (if any) by which (i) the present value of
all vested non-forfeitable benefits under such Plan exceeds (ii) the fair market value of all Plan assets allocable to such benefits, all determined as of then most recent valuation date for such Plan, but only to the extent that such excess
represents a potential liability of the Borrower or any member of a Controlled Group to the PBGC or the Plan under Title IV of ERISA. 
 “United States” and “U.S.” each means the United States of America. 
 Section 1.2 General
Principles Applicable to Definitions. Definitions given herein shall be equally applicable to both singular and plural forms of the terms therein defined and references herein to “he” or “it” shall be applicable to Persons
whether masculine, feminine or neuter. References herein to any document including, without limitation, this Agreement shall be deemed a reference to such document as it now exists, and as, from time to time hereafter, the same may be amended. The
term “including” is not limiting and means “including without limitation.” References herein to any section, subsection, Schedule or Exhibit shall, unless otherwise indicated, be deemed a reference to sections and subsections
within and schedules and Exhibits to this Agreement. 
 Section 1.3 Accounting Terms. Except as otherwise provided herein, accounting
terms not specifically defined shall be construed, and all accounting procedures shall be performed, in accordance with generally accepted United States accounting principles consistently applied from and after the date hereof
(“GAAP”) and as in effect on the date of application. 
 Section 1.4 UCC Terms. Except as otherwise provided herein,
terms used herein that are defined in the UCC have the meanings given to them in the Uniform Commercial Code (the “UCC”) as the same may, from time to time, be in effect in the State of Washington. 
  

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 ARTICLE 2 
 THE REVOLVING LOANS 
 Section 2.1 Revolving Loans. Subject to the terms and conditions of this
Agreement, ANZ Finance agrees during the period from the date this Agreement is executed and delivered by the parties hereto until the Revolving Maturity Date (the “Commitment Period”) to make revolving loans (the “Revolving
Loans”) duly requested by the Borrower in a Notice of Borrowing given under this Agreement; provided, that, after giving effect to any such requested borrowing the aggregate principal amount of all outstanding Revolving Loans will
not exceed the Revolving Commitment. The Revolving Loans described in this Section 2.1 constitute a revolving credit and up to the Revolving Commitment and during the Revolving Commitment Period, the Borrower may pay, prepay and
reborrow. 
 Section 2.2 Manner of Borrowing. For each requested Revolving Loan, the Borrower shall deliver to ANZ Finance a written
request made by a Responsible Officer not later than 11:00 a.m. (Pago Pago time) on the date the Borrower wishes a Revolving Loan to be made. Each such request shall specify the date of a requested borrowing (which must be a Business Day) and the
amount thereof. Each such request shall be deemed to constitute a representation and warranty by the Borrower that (i) as of the date of such request, the representations and warranties set forth in Article 5 hereof are true and correct
in all material respects and (ii) no Default or Event of Default has occurred and is continuing or will result from making the requested Revolving Loan. Each Revolving Loan requested by the Borrower under this Section 2.2 shall be
in an amount not less than Ten Thousand Dollars ($10,000). Upon fulfillment to ANZ Finance’s satisfaction of the applicable conditions set forth in this Section 2.2 and in Article 4 hereof, ANZ Finance shall promptly
make the principal amount of the requested borrowing available to the Borrower by depositing the amount to an ordinary checking account maintained by the Borrower with ANZ Finance. 
 Section 2.3 Repayment of Revolving Loans. The Borrower shall repay to ANZ Finance the principal amount of the Revolving Loans on or before the
Revolving Maturity Date. Accrued but unpaid interest on each Revolving Loan shall be paid in arrears on the first Business Day of each calendar month and at the Revolving Maturity Date; provided, however, that accrued interest on each
Revolving Loan shall be payable on demand after the occurrence of an Event of Default. The Revolving Loans may be repaid at any time without penalty or premium. 
 Section 2.4 Interest. The Borrower agrees to pay to ANZ Finance interest on the unpaid principal amount of each Revolving Loan from the date of such Revolving Loan until such Revolving Loan shall be due and
payable at a per annum rate equal to the Applicable Interest Rate in effect from time to time; provided, however, that after the occurrence and during the continuation of an Event of Default, interest shall accrue at the Default Rate;
provided, further, that interest shall not accrue at a rate in excess of the maximum rate permitted by applicable law. Computations of interest on each Revolving Loan shall be made on the basis of a year of 365/366 days, for the actual
number of days (including the first day but excluding the last day) occurring in the period for which such interest is payable. 
  

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 Section 2.5 Form and Place of Payment. All payments and prepayments of principal and interest on
each Loan shall be made by paying the same in United States Dollars and in immediately available funds to ANZ Finance not later than 3:00 p.m. (Pago Pago time) on the date on which such payment or prepayment shall become due. If such payment is
received after 3:00 p.m. (Pago Pago time), then it will be deemed received on the next Business Day. All payments to be made by the Borrower shall be made without setoff, recoupment or counterclaim. Whenever any payment under this Article 2
shall be stated to be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day and such extension of time shall in such case be included in the computation and payment of interest or fees, as the case
may be. 
 Section 2.6 Note; Recordation of Loans. The Revolving Loans shall be evidenced by a promissory note of the Borrower dated
as of the date hereof, payable to the order of ANZ Finance substantially in the form attached hereto as Exhibit A-1 in the face amount of the Revolving Commitment (the “Revolving Note”). ANZ Finance is hereby authorized to
record the date and amount of the Revolving Loans, the Applicable Interest Rate, and the date and amount of each payment of principal and interest thereon on a schedule annexed to or kept in respect of the Revolving Note. Any such recordation by ANZ
Finance shall constitute prima facie evidence of the accuracy of the information so recorded; provided, however, that the failure to make any such recordation or any error in any such recordation shall not affect the obligations of the
Borrower hereunder or under the Revolving Note. 
 Section 2.7 Commitment Fees. The Borrower agrees to pay to ANZ Finance (a) an
upfront loan commitment fee in the amount of Fifty Thousand Dollars ($50,000) and (b) so long as ANZ Finance shall have any Commitment hereunder, a revolving line fee equal to one quarter (1/4) of the product of (i) the Revolving
Commitment times (ii) one half of one percent (0.50%). All computations of revolving line fees shall be made on the basis of a year of 365/366 days, for the actual number of days (including the first day but excluding the last day) occurring in
the period for which such fees are payable. The upfront loan commitment fee shall be payable at closing as set forth in Section 4.1(j) and the revolving line fee shall be payable in arrears on the first Business Day of each calendar
quarter. The fees payable under this Section 2.7 shall be deemed fully earned when due and non-refundable when paid. 
 ARTICLE
3 
 THE TERM LOAN 
 Section 3.1 Term Loan. Subject to the terms and conditions of this Agreement, ANZ Bank agrees during the period from the date hereof until a date not later than ten (10) days after the satisfaction of the conditions set forth in
Article 4 hereof, to make a term loan (the “Term Loan”) to the Borrower in the principal amount of Eight Hundred Thousand Dollars ($800,000). 
 Section 3.2 Manner of Borrowing. To request the Term Loan, the Borrower shall deliver to the Agent a written request made by a Responsible Officer not later than 11:00 a.m. (Pago Pago time) on the date the
Borrower wishes the Term Loan to be made. The request shall be deemed to constitute a representation and warranty by the Borrower that (i) as of the date of such request, the representations and warranties set forth in Article 5
hereof are true and correct in all material respects and (ii) no Default or Event of Default has occurred and is continuing or will result from making the Term Loan. Upon fulfillment to ANZ Bank’s satisfaction of the applicable conditions
set forth in this Section 3.2 and in Article 4 hereof, ANZ Bank will 

  

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promptly make the proceeds of the Term Loan available to the Borrower first by direct payment to the lenders of the Existing Debt until the Existing
Debt is paid in full and thereafter by depositing the amount to an ordinary checking account maintained by the Borrower with ANZ Finance. 
 Section 3.3 Repayment of Term Loan. The Borrower shall repay to ANZ Bank the principal amount of and accrued interest on the Term Loan in consecutive monthly installments commencing on December 1, 2006 and continuing on the
first Business Day of each month thereafter in the amount of Ten Thousand Nine Hundred Forty Dollars and Sixty-two Cents ($10,940.62), and shall repay the remaining principal amount of the Term Loan and all accrued but unpaid interest on the Term
Maturity Date. The Term Loan may be repaid at any time without penalty or premium. 
 Section 3.4 Interest. The Borrower agrees to pay
to ANZ Bank interest on the unpaid principal amount of the Term Loan from the date made until the Term Loan shall be due and payable at a per annum rate equal to the Applicable Interest Rate in effect from time to time; provided,
however, that after the occurrence and during the continuation of an Event of Default, interest shall accrue at the Default Rate; provided, further, that interest shall not accrue at a rate in excess of the maximum rate
permitted by applicable law. Accrued but unpaid interest on the Term Loan shall be paid in accordance with Section 3.3; provided, however, that accrued interest on the Term Loan shall be payable on demand after the
occurrence of an Event of Default. Computations of interest on the Term Loan shall be made on the basis of a year of 365/366 days, for the actual number of days (including the first day but excluding the last day) occurring in the period for which
such interest is payable. 
 Section 3.5 Form and Place of Payment. All payments and prepayments of principal and interest on each
Loan shall be made by paying the same in United States Dollars and in immediately available funds to the Agent not later than 3:00 p.m. (Pago Pago time) on the date on which such payment or prepayment shall become due. If such payment is received
after 3:00 p.m. (Pago Pago time), then it will be deemed received on the next Business Day. All payments to be made by the Borrower shall be made without setoff, recoupment or counterclaim. The Agent shall promptly remit to ANZ Bank, in immediately
available funds, all payments and prepayments of principal and interest on the Term Loan. In the event the Agent is required to refund any such payment or prepayment of principal and interest on the Term Loan, then ANZ Bank, agrees to immediately
repay to the Agent such payment or prepayment of principal and interest on the Term Loan. Whenever any payment under this Article 2 shall be stated to be due on a day other than a Business Day, such payment shall be made on the next
succeeding Business Day and such extension of time shall in such case be included in the computation and payment of interest or fees, as the case may be. 
 Section 3.6 Note; Recordation of Loan. The Term Loan shall be evidenced by a promissory note of the Borrower dated as of the date hereof, payable to the order of ANZ Bank substantially in the form attached
hereto as Exhibit A-2 in the face amount of Eight Hundred Thousand Dollars ($800,000) (the “Term Note”). ANZ Bank is hereby authorized to record the date and amount of the Term Loan, the Applicable Interest Rate, and the date
and amount of each payment of principal and interest thereon on a schedule annexed to or kept in respect of the Term Note. Any such recordation by ANZ Bank shall constitute prima facie evidence of the 

  

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accuracy of the information so recorded; provided, however, that the failure to make any such recordation or any error in any such recordation
shall not affect the obligations of the Borrower hereunder or under the Term Note. 
 ARTICLE 4 
 CONDITIONS TO LOANS 
 Section 4.1
Conditions to Initial Advance. In addition to the conditions set forth in Section 4.2, the obligation of ANZ Finance to make the initial Revolving Loan and the obligation of ANZ Bank to make the Term Loan, are subject to fulfillment
of the following conditions precedent prior to making such Loan: 
 (a) Borrower Documents. The Agent shall have
received the following, each of which shall be originals, each properly executed by an officer of the Borrower and each in form and substance satisfactory to the Lenders and the Agent and their legal counsel: (i) executed counterparts of this
Agreement; (ii) the original Notes; and (iii) executed counterparts of each other Borrower Document. 
 (b)
Borrower Authority. The Agent shall have received the following, each in form and substance satisfactory to the Lenders and the Agent and their legal counsel: (i) such certificates of resolutions or other action, incumbency certificates
and/or other certificates of officers of the Borrower as the Agent may require to establish the identities of and verify the authority and capacity of each officer thereof authorized to act as an officer in connection with this Agreement, the Notes
and the other Borrower Documents; and (ii) such evidence as the Agent may require to verify that the Borrower is duly formed, validly existing, in good standing and qualified to engage in business in each jurisdiction in which it is required to
be qualified to engage in business, including certified copies of the Borrower’s certificate of formation and operating agreement and a certificate of good standing. 
 (c) Guarantor Documents. The Agent shall have received the following, each of which shall be originals, each properly executed by
an officer of each Guarantor a party thereto and each in form and substance satisfactory to the Lenders and the Agent and their legal counsel: (i) executed counterparts of the Guaranties; and (ii) executed counterparts of each other
Guarantor Document. 
 (d) Guarantor Authority. The Agent shall have received the following, each in form and substance
satisfactory to the Lenders and the Agent and their legal counsel: (i) such certificates of resolutions or other action, incumbency certificates and/or other certificates of officers of each Guarantor as the Agent may require to establish the
identities of and verify the authority and capacity of each officer thereof authorized to act as an officer in connection with the Guaranty and the other Guarantor Documents to which such Guarantor is a party; and (ii) such evidence as the
Agent may require to verify that each Guarantor is duly formed, validly existing, in good standing and qualified to engage in business in each jurisdiction in which it is required to be qualified to engage in business, including certified copies of
each Guarantor’s articles or certificate of incorporation and bylaws and a certificate of good standing. 
  

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 (e) Collateral. The Agent shall have received the following, each in form and
substance satisfactory to the Lenders and the Agent and their legal counsel: 
 (i) searches of Uniform Commercial Code
filings in (A) the jurisdiction in which the Borrower is organized, (B) the jurisdiction in which the chief executive office of the Borrower is located, (C) as to each Guarantor, the jurisdiction in which such Guarantor is organized,
(D) as to each Guarantor, the jurisdiction in which the chief executive office of such Guarantor is located, and (E) each jurisdiction where any Collateral is located or where a filing would need to be made in order to perfect the Lien
created by the Security Documents, copies of the financing statements on file in such jurisdictions and evidence that no Liens exist other than as expressly permitted by this Agreement; 
 (ii) to the extent not described in Sections 4.1(a) and 4.1(c) above, executed counterparts of each Security Document and
all Instruments, Securities and Chattel Paper in the possession of the Borrower or any Guarantor; together with allonges or assignments as may be necessary or appropriate to perfect the Lien created by the Security Documents; 
 (iii) (A) evidence, which may be in the form of a letter from an insurance broker or a municipal engineer, as to whether (1) any
real property or improvements covered by a Real Property Mortgage is located in an area designated by the Federal Emergency Management Agency as having special flood or mud slide hazards (a “Flood Hazard Property”) and (2) the
community in which any such Flood Hazard Property is located is participating in the National Flood Insurance Program, (B) if there are any such Flood Hazard Properties, the written acknowledgement of the Borrower and Guarantor of receipt of
written notification from the Agent (1) as to the existence of each such Flood Hazard Property and (2) as to whether the community in which each such Flood Hazard Property is located is participating in the National Flood Insurance
Program, and (C) in the event such Flood Hazard Property is located in a community that participates in the National Flood Insurance Program, evidence that the Borrower has obtained flood insurance in respect of such Flood Hazard Property to
the extent required under the applicable regulations of the Board of Governors of the Federal Reserve System; 
 (iv) in the
case of each real property leasehold interest of the Borrower or any Guarantor or any other Collateral consisting of a real property leasehold interest, the Consent of Sublessor and such other estoppel letters, consents and waivers from the
landlords of such real property (other than the Consent of Lessors) as may be required by the Agent, which estoppel letters, consents and waivers shall be in form and substance satisfactory to the Agent; and 
 (v) evidence that all other actions necessary or, in the opinion of the Agent, desirable to perfect and protect the first priority Lien
created by the Security Documents, and to enhance the Agent’s and each Lender’s ability to preserve and protect their interests in and access to the Collateral, have been taken. 
  

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 (f) Evidence of Priority. The Agent shall have received evidence satisfactory to
the Lenders and the Agent and their legal counsel that (i) the Agent holds a perfected, first priority Lien on all Collateral (other than as expressly permitted by this Agreement) and (ii) none of the Collateral is subject to any other
Liens other than as expressly permitted by this Agreement. 
 (g) Evidence of Insurance. The Agent shall have received
copies of insurance policies, certificates of insurance or other evidence satisfactory to the Agent that the insurance required by this Agreement or any Security Document is in full force and effect and that the Agent and each Lender has been named
as additional insured and/or loss payee to the extent required hereunder or thereunder. 
 (h) Officer’s
Certificate. The Agent shall have received an Officer’s Certificate from the Borrower as to the accuracy of the Borrower’s representations and warranties set forth in Article 5 hereof and as to the absence of any Default or
Event of Default. 
 (i) No Material Adverse Change. No event shall have occurred since the date of the balance sheet
referred to in Section 5.6(b) that could reasonably be expected to have a material adverse change in, or a material adverse effect upon, the business, operations, properties or financial condition of the Borrower or the Borrower and the
Guarantors taken as a whole. 
 (j) Payment of Fees and Expenses. The Lender shall have received (i) the upfront
fees set forth in Sections 2.7 and 3.7 and (ii) reimbursement for all reasonable expenses, including, without limitation, the costs of any appraisals required to be obtained by the Borrower pursuant to
Section 4.1(e) hereof, incurred by the Agent or any Lender in connection with the consummation of the transactions contemplated by this Agreement and the other Loan Documents. 
 (k) Consents. The Agent shall have received evidence reasonably satisfactory to the Agent that the Borrower and each Guarantor has
obtained all consents, permits and Government Approvals from all Persons (including, without limitation, Governmental Authorities) which are parties to or the issuer of any material contract, lease, license or other Government Approval necessary or
advisable to permit the Agent and each Lender following any Event of Default, to enjoy the practical realization of the rights and remedies provided in this Agreement and the other Loan Documents. 
 Section 4.2 Conditions to All Advances. The obligation of obligation of ANZ Finance to make any Revolving Loan and the obligation of ANZ Bank to
make the Term Loan, are subject to fulfillment of the following conditions precedent: 
 (a) Prior Conditions. All of
the conditions set forth in Section 4.1 shall have been satisfied. 
 (b) Notice of Borrowing. In the case
of a Revolving Loan, ANZ Finance shall have received from the Borrower a request therefor complying with the requirements of Section 2.2, and in the case of the Term Loan, ANZ Bank shall have received from the Borrower a request therefor
complying with the requirements of Section 3.2. 
  

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 (c) No Defaults, Etc. At the date of the requested Loan, no Default or Event of
Default shall have occurred and be continuing or will result from making such Loan; and the representations and warranties of the Borrower in Article 5 hereof shall be true on and as of such date with the same force and effect as if made
on and as of such date. 
 (d) Revocation of Guaranty. Neither the Agent or any Lender shall have received from the
Borrower or any Guarantor any notice terminating or purporting to terminate any Guarantor’s obligations under the Guaranty to which such Guarantor is a party or claiming that either Guaranty is not or will in the future not be fully enforceable
against each Guarantor a party thereto in accordance with its terms. 
 (e) Other Information. The Agent shall have
received such other statements, opinions, certificates, documents and information as it or, in the case of a requested Revolving Loan, ANZ Finance, and, in the case of a request for the Term Loan, ANZ Bank, may reasonably request in order to satisfy
itself that the conditions set forth in this Section 4.2 have been fulfilled. 
 ARTICLE 5 
 REPRESENTATIONS AND WARRANTIES 
 The
Borrower represents and warrants to the Agent and each Lender as follows: 
 Section 5.1 Existence and Power. The Borrower is a
limited liability company, validly existing and in good standing under the laws of the Territory of American Samoa. The Borrower is duly qualified to do business in each other jurisdiction where the failure to so qualify would be likely to have a
material adverse effect on the business, operations, properties or financial condition of the Borrower. The Borrower has full company power, authority and legal right to carry on its business and operations as presently conducted, to own and operate
its properties and assets, and to execute, deliver and perform this Agreement and the other Borrower Documents. 
 Section 5.2
Authorization. The execution, delivery and performance by the Borrower of this Agreement and the other Borrower Documents and any borrowing hereunder, have been duly authorized by all necessary company action of the Borrower, do not require any
member approval or the approval or consent of any trustee or the holders of any Indebtedness of the Borrower, except such as have been obtained (certified copies thereof having been delivered to the Lender), do not contravene any law, regulation,
rule or order binding on it or its certificate of formation and limited liability company agreement and do not contravene the provisions of or constitute a default under any material indenture, mortgage, contract or other agreement or instrument to
which the Borrower is a party or by which the Borrower or any of its properties may be bound or affected. 
 Section 5.3 Government
Approvals, Etc. No Government Approval or filing or registration with any Governmental Authority is required for the making and performance by the Borrower or any Guarantor of the Loan Documents or in connection with any of the transactions
contemplated hereby or thereby, except such as have been heretofore obtained and are in full force and effect (certified copies thereof having been delivered to the Agent). 
  

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 Section 5.4 Binding Obligations, Etc. This Agreement has been duly executed and delivered by the
Borrower and constitutes, and the other Borrower Documents when duly executed and delivered will constitute, the legal, valid and binding obligations of the Borrower enforceable against the Borrower in accordance with their respective terms, except
as enforceability may be limited by bankruptcy, insolvency, reorganization, similar laws affecting creditors’ rights generally or general principles of equity. The Guarantor Documents when duly executed and delivered will constitute, the legal,
valid and binding obligations of each Guarantor a party thereto enforceable against such Guarantor in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, similar laws affecting
creditors’ rights generally or general principles of equity. 
 Section 5.5 Litigation. Except as specifically disclosed in
Schedule 2 attached hereto, there are no actions, proceedings, investigations, or claims against or affecting the Borrower or any Guarantor now pending before any court, arbitrator, or Governmental Authority (nor to the Borrower’s
knowledge has any thereof been threatened nor does any basis exist therefor) which if determined adversely to the Borrower or such Guarantor would (a) have a material adverse effect on the business, operations, properties or financial condition
of the Borrower or the Borrower and the Guarantors taken as a whole, (b) impair or defeat the Lien of the Agent or any Lender on any of the Collateral or any rights of the Borrower or any Guarantor therein, or (c) result in a judgment or
order against the Borrower or any Guarantor (in excess of insurance coverage) for more than Fifty Thousand Dollars ($50,000) in any one case or One Hundred Fifty Thousand Dollars ($150,000) in the aggregate. 
 Section 5.6 Financial Condition. 
 (a) Pro forma Financial Information. The pro forma financial information, statements and projections furnished to the Lender by or on behalf of the Borrower in connection with this Agreement and
the transactions contemplated hereby and thereby, were prepared and furnished to each Lender in good faith and were based on estimates and assumptions that were believed by the management of the Borrower to be reasonable in light of then current and
foreseeable business conditions of the Borrower and represented the Borrower’s management’s good faith estimate of the projected financial performance of the Borrower based on the information available to the Responsible Officers of the
Borrower at the time so furnished. 
 (b) Financial Statements. The most recent consolidated balance sheet of the
Borrower and its Subsidiaries furnished to the Lender pursuant to Section 6.10(a) or (b) and (the “Current Balance Sheet”), and the related statements of income and retained earnings of the Borrower and its
Subsidiaries for the fiscal year then ended, copies of which have been furnished to each Lender, fairly present the consolidated financial condition of the Borrower as at such date, all determined in accordance with GAAP. The Borrower did not have
on such date any material contingent liabilities for Taxes, unusual forward or long-term commitments or material unrealized or anticipated losses from any unfavorable commitments, except as referred to or reflected or provided for in such balance
sheet and in the related notes. Since the date of the Current Balance Sheet there has been no material adverse change in the business, operations, properties or financial condition of the Borrower or the Borrower and its Subsidiaries taken as a
whole. 
  

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 Section 5.7 Solvency. The Borrower and each Guarantor is Solvent and each shall be Solvent
immediately after the consummation of the transactions contemplated by this Agreement. 
 Section 5.8 Title and Liens. The Borrower
has good and marketable title to each of the properties and assets reflected in the Current Balance Sheet, except such as have been since sold or otherwise disposed of in the ordinary course of business. No assets or revenues of the Borrower are
subject to any Lien except as required or permitted by this Agreement or specifically disclosed in Schedule 3 attached hereto. 
 Section 5.9 Intellectual Property. The Borrower owns or possesses all Intellectual Property and all licenses, franchises, permits and rights with respect to any Intellectual Property necessary to own and operate its respective
properties and to carry on its business as presently conducted and presently planned to be conducted. Except as specifically disclosed in Schedule 4 attached hereto, no claim or litigation regarding any Intellectual Property or any
license, franchise, permit or other rights with respect thereto is pending (nor to the best of the Borrower’s knowledge threatened) which if determined adversely to the Borrower would have a material adverse effect on the business, operations,
properties or financial condition of the Borrower or the Borrower and its Subsidiaries taken as a whole. 
 Section 5.10 Matters
Concerning Collateral. 
 (a) The execution and delivery by the Borrower and each Guarantor of the Security Documents to
which they are a party, together with the actions taken on or prior to the date hereof pursuant to Section 4.1(e), are effective to create and do create in favor of the Agent for the ratable benefit of the Lenders and the Agent, as
security for the Secured Obligations (as defined in the applicable Security Document in respect of any Collateral), a valid, perfected and enforceable Lien on such Collateral, prior and superior in right to any other Person except for Permitted
Liens and Liens specifically disclosed in Schedule 3 attached hereto, and all filings and other actions necessary or desirable to perfect and maintain the perfection and first priority status of such Liens have been duly made or taken
and remain in full force and effect, other than the filing of any UCC financing statements and the periodic filing of UCC continuation statements in respect of UCC financing statements filed by or on behalf of the Agent or any Lender. 
 (b) No approval, consent, exemption, authorization, or other action by, or notice to, or filing with, any Governmental Authority is
necessary or required for either (i) the grant by the Borrower or any Guarantor of the Liens purported to be created in favor of the Agent for the ratable benefit of the Lenders and the Agent pursuant to any of the Security Documents to which
it or such Guarantor is a party or (ii) the exercise by the Agent or any Lender of any rights or remedies in respect of the Collateral described in any of such Security Documents (whether specifically granted or created pursuant to any of such
Security Documents or created or provided for by applicable law), except for filings or recordings contemplated by subsection (a) above. 
 (c) Except as such as may have been filed in favor of the Agent or any Lender as contemplated by subsection (a) above and in respect of Liens permitted under Section 7.7, no effective UCC financing
statement, fixture filing or other instrument 

  

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similar in effect covering all or any part of the Collateral described in any of the Security Documents to which the Borrower or any Guarantor is a party is
on file in any filing or recording office. 
 (d) All representations and warranties of the Borrower and each Guarantor
contained in the Security Documents to which it or such Guarantor is a party are true and correct, and all information supplied to the Agent or any Lender by or on behalf of the Borrower and each Guarantor with respect to the Collateral is accurate
and complete in all material respects. 
 Section 5.11 Environmental Laws, Etc. Except as specifically disclosed in
Schedule 5 attached hereto, all properties of the Borrower and its use thereof comply in all material respects with applicable zoning and use restrictions and with applicable laws and regulations relating to health, safety and the
environment in all jurisdictions in which the Borrower is doing business. Without limiting the foregoing, except as specifically disclosed in Schedule 5 attached hereto, no Hazardous Substances have been generated, manufactured, refined,
transferred, stored, treated, transported, handled, managed, discharged or disposed of, whether by the Borrower or, to the best of the Borrower’s knowledge after investigation, by any other Person onto, upon, over, beneath or from any real
property owned by the Borrower or other premises owned, leased, operated, used or held at any time by the Borrower or any of the ground water beneath any such premises (collectively, the “Premises”) which in any fashion might result
in the Borrower, the Agent or any Lender incurring or suffering at any time any loss, liability, damages, or obligations including liability for cleanup and recovery costs and expenses. Except as specifically disclosed in Schedule 5
attached hereto, there are no underground storage tanks, whether in current use or not, at any of the Premises and no such tanks have ever been maintained on the Premises. There are no past or present events, conditions, circumstances, activities,
practices, incidents or actions at or in connection with the Premises which could reasonably be expected to interfere with or prevent continued compliance with any laws or regulations pertaining to underground storage tanks or any other laws or
regulations relating to the emission, discharge, release or threatened release of Hazardous Substances into the environment or give rise to any legal liability or otherwise form the basis of any claim, action, suit, proceedings, hearing or
investigation against or affecting the Borrower under the Environmental Laws. There has been no disposal from the Premises by (or to the best of the Borrower’s knowledge after investigation, by any other Person) directly or indirectly of any
Hazardous Substances to, on or in any site currently listed or formally proposed to be listed on the National Priorities List under Superfund or any site listed on any priority cleanup list compiled by any state department of ecology or
environmental quality. The Borrower has not and will not be involved in any operations at or near the Premises which operations when conducted in accordance with applicable law could lead to: (a) the imposition of liability under Environmental
Laws on the Borrower or any subsequent owner of the Premises or (b) the creation of a lien on the Premises under Environmental Laws or under any similar laws or regulations. 
 Section 5.12 Taxes. The Borrower has filed all tax returns and reports required of it, has paid all Taxes which are due and payable and before
they have become delinquent, except for Taxes (a) whose amount is not individually or in the aggregate a Material Amount, or (b) whose amount, applicability or validity is currently being contested in good faith by appropriate proceedings
where reserves or other appropriate provisions required by GAAP shall 

  

 20 

 
have established therefor. The charges, accruals and reserves on the books of the Borrower and its Subsidiaries in respect of Taxes for all fiscal periods to
date are accurate. There are no questions or disputes between the Borrower and any Governmental Authority with respect to any Taxes. As used in this Section 5.12, “Material Amount” shall mean an amount of Fifty Thousand
Dollars ($50,000) or more or an amount otherwise material to the business, operations, properties or financial condition of the Borrower or the Borrower and its Subsidiaries taken as a whole. 
 Section 5.13 Other Agreements. The Borrower is not in breach of or default in any material respect under any material agreement to which it is a
party or which is binding on it or any of its assets. 
 Section 5.14 Labor and Employee Relations Matters. The Borrower is not and
does not expect to be the subject of any union organizing activity or material labor dispute, and the Borrower has not violated any applicable federal or state law or regulation relating to labor or labor practices, except such organizing activity,
labor disputes and violations, which individually or in aggregate, could not reasonably be expected to have a material adverse effect on the business, operations, properties or financial condition of the Borrower or the Borrower and its Subsidiaries
taken as a whole. 
 Section 5.15 Federal Reserve Regulations. The Borrower is not engaged principally or as one of its important
activities in the business of extending credit for the purpose of purchasing or carrying any margin stock (within the meaning of Federal Reserve Regulation U), and no part of the proceeds of any Loan will be used to purchase or carry any such margin
stock or to extend credit to others for the purpose of purchasing or carrying any such margin stock or for any other purpose that violates the applicable provisions of any Federal Reserve Regulation. The Borrower will furnish to the Agent or any
Lender on request a statement conforming with the requirements of Regulation U. 
 Section 5.16 ERISA. 
 (a) The present value of all benefits vested under all Pension Plans did not, as of the most recent valuation date of such Pension Plans,
exceed the value of the assets of the Pension Plans allocable to such vested benefits by an amount which would represent a potential material liability of the Borrower or affect materially the ability of the Borrower to perform the Loan Documents.

 (b) No Plan or trust created thereunder, or any trustee or administrator thereof, has engaged in a “prohibited
transaction” (as such term is defined in Section 406 of ERISA or Section 4975 of the Code) which could subject such Plan or any other Plan, any trust created thereunder, or any trustee or administrator thereof, or any party dealing
with any Plan or any such trust to the tax or penalty on prohibited transactions imposed by Section 502 of ERISA or Section 4975 of the Code. 
 (c) No Pension Plan or trust has been terminated, except in accordance with the Code, ERISA, and the regulations of the Internal Revenue Service and the PBGC as applicable to solvent plans in which benefits of
participants are fully protected. No “reportable event” as defined in Section 4043 of ERISA has occurred for which notice has not been waived or for which alternative notice procedures are permitted. 
  

 21 

 (d) No Pension Plan or trust created thereunder has incurred any “accumulated
funding deficiency” (as such term is defined in Section 302 of ERISA) whether or not waived, since the effective date of ERISA. 
 (e) The required allocations and contributions to Pension Plans will not violate Section 415 of the Code. 
 (f) The Borrower has no withdrawal liability to any trust created pursuant to a multi-employer pension or benefit plan nor would it be subject to any such withdrawal liability in excess of Fifty Thousand Dollars
($50,000) if it withdrew from any such plan or if its participation therein were otherwise terminated. 
 Section 5.17 Subsidiaries.
The Borrower owns no Subsidiaries. 
 Section 5.18 Not Investment Company, Etc. The Borrower is not now, and after the application by
the Borrower of the proceeds of any Loan will not be, subject to regulation under the Investment Company Act of 1940, the Public Utility Holding Company Act of 1935, the Federal Power Act, the Interstate Commerce Act, any state public utilities code
or any federal or state statute or regulation limiting its ability to incur Indebtedness. 
 Section 5.19 Representations as a Whole.
This Agreement, the other Loan Documents, the financial statements referred to in Section 5.6(b), and all other instruments, documents, certificates and statements furnished to the Agent or any Lender by or on behalf of the Borrower,
taken as a whole, do not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements contained herein or therein, in light of the circumstances under which they were made, not
misleading. The Borrower has disclosed to the Agent and each Lender in writing any and all facts which could reasonably be expected to have a material adverse effect on the business, operations, properties, financial condition or prospects of the
Borrower, any Guarantor or the ability of the Borrower or any Guarantor to perform its obligations under the Loan Documents. Without limiting the foregoing, each of the representations and warranties made by the Borrower herein and in the other Loan
Documents is true and correct on and as of the date when made, on and as of the date hereof, and on and as of each date this representation is deemed made hereunder with the same force and effect as if made on and as of such dates. 
 ARTICLE 6 
 AFFIRMATIVE COVENANTS

 So long as any Lender shall have any Commitment hereunder or there shall be any outstanding Loans and until payment in full of each
Loan and performance of all other obligations of the Borrower under this Agreement and the other Loan Documents, the Borrower agrees that it will do all of the following unless the Agent and each Lender shall otherwise consent in writing.

  

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 Section 6.1 Use of Proceeds. Borrower will (a) use the proceeds of the Revolving Loans solely
for working capital purposes and (b) use the proceeds of the Term Loan solely to repay the Existing Debt and to finance the acquisition of the communications centre at Ili’ili, Tafuna, American Samoa. 
 Section 6.2 Payment. The Borrower will pay the principal of and interest on the Loans in accordance with the terms of this Agreement and the
Notes, and will pay when due all other amounts payable by the Borrower hereunder and under any other Loan Document. 
 Section 6.3
Preservation of Company Existence, Etc. The Borrower will, and will cause each Subsidiary to, preserve and maintain their existence, rights, franchises and privileges in the jurisdictions of their organization and will, and will cause each
Subsidiary to, qualify and remain qualified as foreign companies, corporations or entities in each jurisdiction where qualification is necessary or advisable in view of their business and operations or the ownership of their properties. 

Section 6.4 Visitation Rights. The Borrower will permit the Agent, each Lender and such Persons as the Agent or any Lender may designate, at
any reasonable time, and from time to time, to examine and make copies of and abstracts from the records and books of account of and to visit the properties of the Borrower and any Subsidiary and to discuss the affairs, finances and accounts of the
Borrower and any Subsidiary with any of the Borrower’s officers, managers or members. Without limiting the generality of the foregoing, the Borrower agrees to permit Persons retained by the Agent or any Lender at any reasonable time, and from
time to time, to conduct field audits of the Collateral, to examine and make copies of and abstracts from the records and books of account of and to visit the properties of the Borrower and any Subsidiary. 
 Section 6.5 Keeping of Books and Records. The Borrower will, and will cause each Subsidiary to, keep adequate records and books of account in
which complete entries will be made, in accordance with GAAP, reflecting all financial transactions of the Borrower and its Subsidiaries. 
 Section 6.6 Maintenance of Property, Etc. The Borrower will, and will cause each Subsidiary to, maintain and preserve all of its material properties in good working order and condition, ordinary wear and tear excepted, and will from
time to time make all needed repairs, renewals, or replacements so that the efficiency of such properties shall be fully maintained and preserved. The Borrower will not take or fail to take any action, nor permit any action to be taken by others
that are subject to the Borrower’s control which would affect the validity and enforcement of its Intellectual Property, or impair the value of such Intellectual Property. 
 Section 6.7 Compliance With Laws, Etc. The Borrower will, and will cause each Subsidiary to, comply in all material respects with all laws,
regulations, rules, and orders of Governmental Authorities applicable to the Borrower, such Subsidiary or to its or their business, operations or properties, except any thereof whose validity is being contested in good faith by appropriate
proceedings upon stay of execution of the enforcement thereof and with provision having been made to the satisfaction of the Lenders for the payment of any fines, charges, penalties or other costs in respect thereof in the event the contest is
determined adversely to the Borrower or such Subsidiary. 
  

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 Section 6.8 Other Obligations. The Borrower will, and will cause each Subsidiary to, pay and
discharge before the same shall become delinquent all Indebtedness, Taxes, and other obligations for which the Borrower or such Subsidiary is liable or to which its income or property is subject and all claims for labor and materials or supplies
which, if unpaid, might become by law a lien upon assets of the Borrower or such Subsidiary, except any thereof whose validity, applicability or amount is being contested in good faith by the Borrower or such Subsidiary in appropriate proceedings
with provision having been made to the satisfaction of the Lenders for the payment thereof in the event the contest is determined adversely to the Borrower or such Subsidiary. 
 Section 6.9 Insurance. The Borrower will, and will cause each Subsidiary to, keep in force upon all of its and their business, operations and
properties, policies of insurance carried with responsible companies in such amounts and covering all such risks as shall be customary in the industry and as shall be reasonably satisfactory to the Lenders. Without limiting the generality of the
foregoing, the Borrower will, and will cause each Subsidiary to, maintain or cause to be maintained all insurance required under the terms of any Security Document. Each such policy of insurance shall (a) name the Agent and each Lender as an
additional insured thereunder as its interests may appear and (b) in the case of each business interruption and casualty insurance policy, contain a loss payable clause or endorsement, satisfactory in form and substance to the Agent that names
the Agent as the loss payee thereunder and provides for at least forty-five (45) days prior written notice to the Agent of the cancellation of such policy. The Borrower will provide the Agent and each Lender with at least forty-five
(45) days prior written notice of any modification of any policies of insurance required to be maintained by the Borrower and its Subsidiaries under this Section, and will from time to time, on request, furnish to the Agent and each Lender
certificates of insurance or, at the Agent’s or any Lender’s request, duplicate policies evidencing such coverage. 
 Section
6.10 Financial Information. The Borrower will deliver to each Lender: 
 (a) Annual Borrower Financial Statements.
As soon as available and in any event within one hundred twenty (120) days after the end of each fiscal year of the Borrower, the consolidated balance sheet of the Borrower and its Subsidiaries as of the end of such fiscal year and the related
consolidated statements of revenue and expenses, member’s equity and cash flows for such year, prepared by independent certified public accountants selected by the Borrower and approved by the Lenders (which approval shall not be unreasonably
withheld) and accompanied by (i) a review report thereon by such independent certified public accountants which report shall be prepared in accordance with GAAP and the standards of the AICPA and shall not be qualified by reason of restricted
or limited examination of any material portion of the records of the Borrower or its Subsidiaries and (ii) an Officer’s Certificate of the Borrower certifying that as of the close of such year no Event of Default or Default had occurred
and was continuing; 
 (b) Quarterly Borrower Financial Statements. As soon as available and in any event within thirty
(30) days after the end of each fiscal quarter of the Borrower, the consolidated balance sheet of the Borrower and its Subsidiaries as of the end of such fiscal quarter and the related consolidated statements of profits and losses, revenue and
expenses, member’s equity and cash flows for such fiscal quarter, prepared by the Borrower and 

  

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accompanied by an Officer’s Certificate with calculations measuring actual performance against budget on a monthly basis and management commentary
describing any variances greater than ten percent (10%) or Ten Thousand Dollars ($10,000) per line item, and certifying that such financial statements have been prepared in conformity with GAAP and the standards of the AICPA (subject to
year-end audit adjustments and the absence of footnote disclosures) and, in all material respects, present fairly the financial position and the results of operations of the Borrower and its Subsidiaries as at the end of and for such fiscal quarter;

 (c) Annual Budgets. As soon as available and in any event within thirty (30) days after the end of each fiscal
year of the Borrower, a budget for the Borrower, prepared on a monthly basis, for the next succeeding fiscal year setting forth the projected revenues, expenses and cash flows and the underlying assumptions therefore, all in reasonable detail and
certified by a Responsible Officer of the Borrower as having been prepared and furnished to the Lenders in good faith and based on estimates and assumptions that were believed by the management of the Borrower to be reasonable in light of the then
current and foreseeable business conditions of the Borrower and its Subsidiaries; and 
 (d) Other. All other
statements, reports and other information as the Agent or any Lender may reasonably request concerning the Collateral or the financial condition and business affairs of the Borrower or any of its Subsidiaries. 
 Section 6.11 Financial Covenant. The Borrower will maintain on a consolidated basis, as of the end of its second fiscal quarter and as of its
fiscal year end, an Interest Coverage Ratio equal to or greater than (i) 1.50 to 1 for its second fiscal quarters and fiscal years ended June 30, 2006 through June 30, 2007 and (ii) 2.50 to 1 for its second fiscal quarters and
fiscal years ended December 31, 2007 and thereafter. As used herein, “Interest Coverage Ratio” shall mean, as of any date of determination, the ratio of (i) EBIT of the Borrower and its Subsidiaries to (ii) Interest
Expense of the Borrower and its Subsidiaries, in each case for the four (4) fiscal quarters ended at such date. 
 Section 6.12
Consent of Lessor. The Borrower will use its best efforts to cause the Consent of Lessor to be executed and delivered by each of the parties thereto. 
 Section 6.13 Notification. Promptly after learning thereof, the Borrower will notify the Agent and each Lender of (a) any action, proceeding, investigation or claim against or affecting the Borrower or any
Subsidiary instituted before any court, arbitrator or Governmental Authority or, to the Borrower’s knowledge threatened to be instituted, which if determined adversely to the Borrower or any Subsidiary would be likely to have a material adverse
effect on the business, operations, properties, financial condition or prospects of the Borrower, such Subsidiary or the Borrower and the Guarantors taken as a whole, or to impair or defeat the Lien of the Agent or any Lender on any Collateral or
the rights of Borrower, any Subsidiary or any Guarantor therein, or to result in a judgment or order against the Borrower, any Subsidiary or any Guarantor (in excess of insurance coverage) for more than One Thousand Dollars ($100,000) or, when
combined with all other pending or threatened claims, more than Two Hundred Fifty Thousand Dollars ($250,000); (b) any substantial dispute between the Borrower, any Subsidiary or any Guarantor and any Governmental Authority; (c) any labor
controversy which has resulted in or, to the Borrower’s knowledge, threatens to result in a strike which would materially affect the 

  

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business or operations of the Borrower, any Subsidiary or any Guarantor; (d) if the Borrower or any member of a Controlled Group gives or is required to
give notice to the PBGC of any “reportable event” (as defined in subsections (b)(1), (2), (5) or (6) of Section 4043 of ERISA) with respect to any Plan (or the Internal Revenue Service gives notice to the PBGC of any
“reportable event” as defined in subsection (c)(2) of Section 4043 of ERISA and the Borrower obtains knowledge thereof) which might constitute grounds for a termination of such Plan under Title IV of ERISA, or knows that the plan
administrator of any Plan has given or is required to give notice of any such reportable event, a copy of the notice of such reportable event given or required to be given to the PBGC; (e) the occurrence of any Event of Default or Default; and
(f) the occurrence of an event which results in a material adverse change the business, operations, properties, financial condition or prospects of the Borrower or the Borrower and the Guarantors taken as a whole. In the case of the occurrence
of an Event of Default or Default or the occurrence of an event which results in a material adverse change in the business, operations, properties or financial condition of the Borrower or the Borrower and the Guarantors taken as a whole, the
Borrower will deliver to the Agent and each Lender an Officer’s Certificate specifying the nature thereof, the period of existence thereof, if applicable, and what action the Borrower proposes to take with respect thereto. 
 Section 6.14 Additional Payments; Additional Acts. From time to time, the Borrower will (a) pay or reimburse the Agent and each Lender on
request for all Taxes (other than Taxes imposed on the net income of the Agent or such Lender) imposed on this Agreement and any other Loan Document or payment and for all expenses, including, without limitation, attorneys’ fees (including
allocated costs of in-house counsel), incurred by the Lender in connection with the making or administering of the Loans, (b) pay or reimburse the Agent and each Lender on request for all expenses (including allocated costs of in-house
collateral examiners) incurred by the Agent or such Lender in connection with conducting field audits or inspections of the Collateral; provided, however, that so long as no Event of Default shall have occurred and be continuing, such
collateral examinations shall occur no more often than annually; (c) pay or reimburse the Agent and each Lender on request for all costs, expenses and fees, including, without limitation, attorneys’ fees (including allocated costs of
in-house counsel), incurred by the Agent or such Lender in connection with the negotiation, preparation and execution of this Agreement and the other Loan Documents and any and all amendments, waivers, consents and similar documents pertaining
hereto and thereto; (d) pay or reimburse the Agent and each Lender for all expenses, including, without limitation, attorneys’ fees, incurred by the Agent or such Lender in connection with the enforcement, attempted enforcement, or
preservation of any rights or remedies under this Agreement and each other Loan Document (including, without limitation, all such costs and expenses incurred during any “workout” or restructuring in respect of the Loans and during any
legal proceeding, including, without limitation, any proceeding under any applicable international, foreign, Federal, state or local bankruptcy, insolvency or other similar debtor relief laws); (e) if requested by the Agent or any Lender,
obtain and promptly furnish to the Agent or such Lender evidence of all such Government Approvals as may be required to enable the Borrower to comply with its obligations hereunder and under the other Borrower Documents and to continue its business
and operations as conducted on the date hereof without material interruption or interference; and (f) execute and deliver all such instruments and to perform all such other acts as the Agent or any Lender may request to carry out the
transactions contemplated by this Agreement and the other Loan Documents and to maintain the continuous perfection and priority of the Agent’s or any Lender’s 

  

 26 

 
Lien on all Collateral. All amounts described in this Section shall be repayable by the Borrower on demand, and if the Borrower shall default in its
obligations to pay or reimburse the Agent or any Lender, interest shall accrue on the unpaid amount thereof at the Default Rate from the date the Agent or such Lender makes demand therefor until repaid in full by the Borrower; provided,
however, that interest shall not accrue at a rate in excess of the maximum rate permitted by applicable law. The amount and nature of any expense by the Agent or any Lender hereunder shall be fully established by the certificate of the Agent
or such Lender or any of the Agent’s or such Lender’s officers or agents. The obligations of the Borrower under this Section 6.14 shall survive the payment of the Loans and the termination of this Agreement. 
 ARTICLE 7 
 NEGATIVE COVENANTS

 So long as any Lender shall have any Commitment hereunder or there shall be any outstanding Loans and until payment in full of each
Loan and performance of all other obligations of the Borrower under this Agreement and the other Loan Documents, the Borrower agrees that it will not do any of the following unless the Agent and each Lender shall otherwise consent in writing.

 Section 7.1 Distributions, Management Fees, Etc. The Borrower shall not, and shall cause each Subsidiary to not (a) declare or
pay any dividend or distribution (except dividends or distributions payable in its Capital Stock) on any shares or units of any class of the Borrower’s or any Subsidiary’s Capital Stock or apply any assets to the purchase, redemption or
other retirement of, or set aside any sum for the payment of any dividends on or for the purchase, redemption or other retirement of, or make any other distribution by reduction of capital or otherwise in respect of, any shares of any class of
Capital Stock of the Borrower or any Subsidiary, except for (i) dividends and distributions declared and paid by any Subsidiary to the Borrower and (ii) the purchase, redemption or other retirement by the Borrower of its of Capital Stock
pursuant to employee benefit and incentive plans and agreements with employees; provided that the aggregate amount of all such purchases, redemptions or other retirement of Capital Stock does not exceed the amount of Fifty Thousand Dollars
($50,000) in any fiscal year of the Borrower or (b) make any other distribution or transfer to the Borrower’s or any Subsidiary’s members or stockholders, whether in the form of distributions, salaries, bonuses, management fees or
otherwise, except for the payment of salaries, benefits and bonuses to members or stockholders employed by the Borrower or any Subsidiary; provided that the aggregate amount of all such salaries, benefits and bonuses does not exceed the
amount of Two Hundred Fifty Thousand Dollars ($250,000) in any fiscal year of the Borrower, increased annually by the percentage that the United States Department of Labor, Bureau of Labor Statistics, Consumer Price Index for All Urban Consumers
(CPI-U) for Honolulu, Hawaii (Index 1982-84=100) has increased between the end of the 2005 calendar year and the end of the calendar year preceding the calendar year in which the salaries, benefits and bonuses are paid to such members or
stockholders. 
 Section 7.2 Transactions With Affiliates. The Borrower shall not, and shall cause each Subsidiary to not, enter into
any transaction with any Affiliate of the Borrower, except upon fair and reasonable terms no less favorable to the Borrower or such Subsidiary than it would obtain in a comparable arm’s-length transaction with a Person not an Affiliate of the
Borrower or 

  

 27 

 
such Subsidiary; provided, however, that the Borrower and any of its Subsidiaries may enter into Treasury Management Contracts with Affiliates
of the Borrower under terms that the Borrower deems reasonable under the circumstances. 
 Section 7.3 Consolidations and Mergers. The
Borrower shall not, and shall cause each Subsidiary to not, liquidate, dissolve or enter into any merger or consolidation with or into, or sell, transfer, lease or otherwise dispose of (whether in one transaction or in a series of transactions) all
or substantially all of its assets to or in favor of, any Person, except: (a) any Subsidiary may liquidate, dissolve, merge, consolidate with or into the Borrower or any wholly-owned Subsidiary; provided that the Borrower or such
wholly-owned Subsidiary shall be the continuing or surviving corporation or company and (b) the Borrower or any Subsidiary may sell, transfer, lease or otherwise dispose of its assets as permitted under Section 7.4. 
 Section 7.4 Dispositions of Assets. The Borrower shall not, and shall cause each Subsidiary to not, sell, transfer, lease or otherwise dispose of
(whether in one or a series of transactions) all or any substantial portion of its businesses or assets or of any Collateral (including accounts and notes receivable, with or without recourse) or enter into any agreement to do any of the foregoing,
except: (a) sales of inventory in the ordinary course of business; (b) any Subsidiary may sell, lease or otherwise transfer any of its assets to the Borrower; and (c) the Borrower or any Subsidiary may sell obsolete assets or assets
no longer used or useful in the business of the Borrower and its Subsidiaries; provided that the net proceeds from the sale of such assets are paid to the Agent and applied by the Agent first against principal on the Term Loan until
the Term Loan is paid in full and second held by the Agent as cash collateral to secure the performance of all obligations of the Borrower owing to the Agent and the Lenders under the Loan Documents, the Swap Contracts and the Financial
Transaction Contracts. 
 Section 7.5 Indebtedness. The Borrower shall not, and shall cause each Subsidiary to not, create, incur or
become liable for any Indebtedness except: (a) the Loans and Indebtedness hereunder in respect of the Letters of Credit; (b) Indebtedness existing as of the date of this Agreement and reflected on the pro forma balance sheet
referred to in Section 5.6(a); (c) current accounts payable or accrued expenses incurred by the Borrower in the ordinary course of business; (d) Indebtedness permitted under Section 7.6; (e) intercompany
Indebtedness owing by the Borrower or any Subsidiary to the Borrower or any other Subsidiary permitted under Section 7.8; and (f) Indebtedness arising under Swap Contracts between the Borrower and the Lender or any Affiliate of the
Lender. 
 Section 7.6 Guaranties, Etc. The Borrower shall not, and shall cause each Subsidiary to not, assume, guaranty, endorse or
otherwise become directly or contingently liable for, nor obligated to purchase, pay or provide funds for payment of, any obligation or Indebtedness of any other Person, except: (a) guaranties of any Indebtedness permitted under
Section 7.5; (b) by endorsement of negotiable instruments for deposit or collection or by similar transactions in the ordinary course of business; (c) with respect to customary indemnification obligations incurred in connection
title insurance agreements; (d) with respect to performance, surety, bid, appeal or similar bonds incurred in the ordinary course of business; and (e) obligations existing as of the date of this Agreement, reflected on the pro
forma balance sheet referred to in Section 5.6(a) and in amounts not greater than the amounts referred to therein. 
  

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 Section 7.7 Liens. The Borrower shall not, and shall cause each Subsidiary to not, create, assume
or suffer to exist any Lien on any of its assets except: (a) Liens in favor of the Lender arising pursuant to the Security Documents or as otherwise permitted or required under this Agreement; (b) Liens securing Indebtedness permitted
under Section 7.5; (c) Permitted Liens; and (d) Liens specifically disclosed in Schedule 3 attached hereto. 
 Section 7.8 Investments. The Borrower shall not, and shall cause each Subsidiary to not, make any loan or advance to any Person or purchase or otherwise acquire the Capital Stock or obligations of, or any other equity or interest in,
any Person, or all or substantially all of the assets of any Business Unit or any Person (collectively, “Investments”) or enter into any agreement to do any of the foregoing, except: (a) Investments held in the form of Cash
Equivalents; (b) receivables owing to the Borrower or any Subsidiary arising in the ordinary course of business; (c) Investments existing as of the date of this Agreement, reflected on the pro forma balance sheet referred to in
Section 5.6(a) and in amounts not greater than the amounts referred to therein; (d) Investments made by the Borrower to or in any Guarantor; (e) Investments made by any Subsidiary to or in the Borrower or any Guarantor; and
(f) Investments made by the Borrower in the form of loans and advances to Affiliates of the Borrower under or in connection with Treasury Management Contracts the ordinary course of business; provided that the aggregate principal amount
of all such loans and advances does not exceed One Hundred Thousand Dollars ($100,000) at any one time outstanding. 
 Section 7.9
Operations. The Borrower shall not, and shall cause each Subsidiary to not, engage in any activity which is substantially different from or unrelated to the present business activities of the Borrower and its Subsidiaries nor discontinue any
portion of the Borrower’s and its Subsidiaries’ present business activities taken as a whole which constitutes a substantial portion thereof. 
 Section 7.10 Securities. The Borrower shall not, and shall cause each Subsidiary to not, issue, sell, or otherwise distribute any Capital Stock, bond, note, debenture or other security of the Borrower or such
Subsidiary, except (a) the Borrower may issue notes (including the Notes) or other debt instruments evidencing Indebtedness permitted by this Agreement; and (b) the Borrower may issue Capital Stock to its employees pursuant to and in
accordance with employee benefit and incentive plans and agreements with employees. 
 Section 7.11 ERISA Compliance. Neither the
Borrower nor any member of the Controlled Group nor any Plan of any of them will (a) engage in any “prohibited transaction” (as such term is defined in Section 406 of ERISA or Section 4975 of the Code; (b) incur any
“accumulated funding deficiency” (as such term is defined in Section 302 of ERISA) whether or not waived; (c) terminate any Pension Plan in a manner which could result in the imposition of a Lien on any property of the Borrower
or any member of the Controlled Group pursuant to Section 4068 of ERISA; or (d) violate state or federal securities laws applicable to any Plan. 
 Section 7.12 Accounting Change. The Borrower shall not change its fiscal year end from December 31st and shall not make any significant change in accounting policies or reporting practices other than
changes required by GAAP or otherwise required by law. 
  

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 ARTICLE 8 
 EVENTS OF DEFAULT 
 Section 8.1 Events of Default. The occurrence of any of the following
events shall constitute an “Event of Default” hereunder. 
 (a) Payment Default. The Borrower fails to pay
(i) within three (3) Business Days after the same becomes due, any amount of principal of or interest on any Loan, or (ii) within five (5) Business Days after the same becomes due, any other amount payable hereunder or under any
other Loan Document; or 
 (b) Breach of Warranty. Any representation or warranty made or deemed made by the Borrower
under or in connection with any Loan Document shall prove to have been incorrect in any material respect when made or deemed made; or 
 (c) Breach of Certain Covenants. The Borrower shall have failed to comply with Sections 6.1, 6.3, 6.9, 6.11 and 6.12(e) or any provision of Article 7 of this
Agreement; 
 (d) Breach of Other Covenants. The Borrower shall fail to perform or observe any other covenant,
obligation or term of this Agreement or any other Loan Document and such failure shall continue unremedied for a period of thirty (30) days after the earlier of (i) the date upon which written notice thereof shall have been given to the
Borrower by the Agent or any Lender or (ii) the date upon which a Responsible Officer of the Borrower, any Subsidiary or any Guarantor knew or reasonably should have known of such failure; or 
 (e) Material Adverse Change. An event shall occur which results in a material adverse change in, or a material adverse effect upon,
the business, operations, properties or financial condition of the Borrower or the Borrower and the Guarantors taken as a whole; or 
 (f) Cross-default. The Borrower, any of its Subsidiaries or any Guarantor shall fail (i) to pay when due (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise) any Indebtedness or any interest or
premium thereon and such failure shall continue without waiver after the applicable grace period, if any, specified in the agreement or instrument relating to such Indebtedness, or (ii) to perform any term or covenant on its part to be
performed under any agreement or instrument relating to any such Indebtedness and required to be performed and such failure shall continue without waiver after the applicable grace period, if any, specified in such agreement or instrument, if the
effect of such failure to perform is to accelerate or to permit the acceleration of the maturity of such Indebtedness, or (iii) any such Indebtedness shall be declared to be due and payable or required to be prepaid (other than by regularly
scheduled required prepayment) prior to the stated maturity thereof; or 
 (g) Voluntary Bankruptcy, Etc. The Borrower,
any of its Subsidiaries or any Guarantor shall: (i) file a petition seeking relief for itself under Title 11 of the United States Code, as now constituted or hereafter amended, or file an answer consenting to, admitting the material allegations
of or otherwise not controverting, or fail timely to controvert a petition filed against it seeking relief under Title 11 of the United State Code, as now constituted or hereafter amended; or (ii) file such petition or answer with respect to
relief under the provisions of any other now existing or future applicable bankruptcy, insolvency, or other similar law of the United 

  

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States of America or any State thereof or of any other country or jurisdiction providing for the reorganization, winding-up or liquidation of corporations or
an arrangement, composition, extension or adjustment with creditors; or 
 (h) Involuntary Bankruptcy, Etc. An order
for relief shall be entered against the Borrower, any of its Subsidiaries or any Guarantor under Title 11 of the United States Code, as now constituted or hereafter amended, which order is not stayed; or upon the entry of an order, judgment or
decree by operation of law or by a court having jurisdiction in the premises which is not stayed adjudging it a bankrupt or insolvent under, or ordering relief against it under, or approving as properly filed a petition seeking relief against it
under the provisions of any other now existing or future applicable bankruptcy, insolvency or other similar law of the United States of America or any State thereof or of any other country or jurisdiction providing for the reorganization, winding-up
or liquidation of corporations or any arrangement, composition, extension or adjustment with creditors; or appointing a receiver, liquidator, assignee, sequestrator, trustee or custodian of the Borrower, any of its Subsidiaries or any Guarantor or
of any substantial part of any of its or their property, or ordering the reorganization, winding-up or liquidation of any of their affairs; or upon the expiration of sixty (60) days after the filing of any involuntary petition against the
Borrower, any of its Subsidiaries or any Guarantor seeking any of the relief specified in Section 8.1(g) or this Section 8.1(h) without the petition being dismissed prior to that time; or 
 (i) Insolvency, Etc. The Borrower, any of its Subsidiaries or any Guarantor shall (i) make a general assignment for the
benefit of its creditors or (ii) consent to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, or custodian of all or a substantial part of the property of the Borrower, any of its Subsidiaries or any
Guarantor, as the case may be, or (iii) admit its insolvency or inability to pay its debts generally as they become due, or (iv) fail generally to pay its debts as they become due, or (v) take any action (or suffer any action to be
taken by its directors or shareholders) looking to the dissolution or liquidation of the Borrower, any of its Subsidiaries or any Guarantor, as the case may be; or 
 (j) Judgment. A final judgment or order for the payment of money in excess of Two Hundred Fifty Thousand Dollars ($250,000) not
covered by insurance or which defeats the Lien of the Lender on any Collateral valued at Five Hundred Thousand Dollars ($500,000) or more or the Borrower’s or any Guarantor’s rights therein shall be rendered against the Borrower, any of
its Subsidiaries or any Guarantor and such judgment or order shall continue without being discharged, vacated, bonded or execution thereon stayed pending appeal for a period of thirty (30) consecutive days; or 
 (k) Involuntary Liens. Any involuntary Lien in the sum of Fifty Thousand Dollars ($50,000) or more shall attach to any asset or
property of the Borrower, any of its Subsidiaries or any Guarantor which is not discharged within sixty (60) days after such attachment or within thirty (30) days after notice from the Agent or any Lender, whichever first occurs; or

 (l) ERISA. The Borrower or any member of the Controlled Group shall fail to pay when due an amount or amounts
aggregating in excess of Ten Thousand Dollars ($10,000) which it shall have become liable to pay to the PBGC or to a Plan under Section 515 

  

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of ERISA or Title IV of ERISA; or notice of intent to terminate a Plan or Plans (other than a multi-employer plan, as defined in Section 4001(3) of
ERISA), having aggregate Unfunded Vested Liabilities in excess of Twenty-five Thousand Dollars ($25,000) shall be filed under Title IV of ERISA by the Borrower, any member of the Controlled Group, any plan administrator or any combination of the
foregoing; or the PBGC shall institute proceedings under Title IV of ERISA to terminate any such Plan or Plans; or 
 (m)
Change in Control. Any Person or group of Persons (within the meaning of the Securities Exchange Act), other than an existing members of the Borrower, becomes the legal or beneficial owner, directly or indirectly, of more than Twenty percent
(20%) of the Capital Stock of the Borrower; or 
 (n) Condemnation. Such portion of the properties of the
Borrower, any of its Subsidiaries or any Guarantor or of the Collateral as in the opinion of the Lenders constitutes a substantial portion thereof shall be condemned, seized or appropriated; or 
 (o) Prepayment. The Borrower shall make any payment of principal of any Indebtedness (except the Loans) which is not required to be
made at the time of such payment by the terms of such Indebtedness, unless such payment is made in connection with the refinancing of such Indebtedness which refinancing shall be new Indebtedness of the Borrower in an amount not substantially less
than the amount of the payment made; or 
 (p) Governmental Approvals. Any Government Approval or registration or
filing with any Governmental Authority now or hereafter required in connection with the performance by the Borrower of its obligations set forth in the Loan Documents shall be revoked, withdrawn or withheld or shall fail to remain in full force and
effect unless in the reasonable opinion of the Lenders such revocation, withdrawal or withholding would not be likely to have a material adverse affect on the ability of the Borrower to perform its obligations under the Loan Documents; or

 (q) Other Government Action. Any act of any Governmental Authority shall, in the reasonable opinion of the Lenders,
deprive the Borrower, any of its Subsidiaries or any Guarantor of any substantial right, privilege, or franchise or substantially restrict the exercise thereof which deprivation would, in the reasonable opinion of the Lenders, be likely to have a
material adverse effect on the business, operations, properties, financial condition or prospects of the Borrower, such Subsidiary or the Borrower and the Guarantors taken as a whole, and such act is not revoked or rescinded within sixty
(60) days after it becomes effective or within thirty (30) days after notice from the Agent or any Lender, whichever first occurs; or 
 (r) Guarantor Default; Invalidity of Guaranty. Any Guarantor shall fail to perform or observe any other covenant, obligation or term of the Guaranty or any other Guarantor Document to which it is a party and
such failure shall continue unremedied after the applicable grace period, if any, specified in such Guaranty or other Guarantor Document, or any “Event of Default” as defined in either Guaranty or any Guarantor Document shall have occurred
and is continuing; or either Guaranty shall for any reason be revoked or invalidated, or otherwise cease to be in full force and effect (except as expressly permitted hereunder), or any Guarantor or any other Person shall contest in any manner the
validity or enforceability thereof or deny that it has any further liability or obligation thereunder; or 
  

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 (s) Failure of Security. Any Security Document ceases to be in full force and
effect, or is declared by a court of competent jurisdiction to be null and void, invalid or unenforceable in any respect; or the Agent or any Lender shall not have or shall cease to have a valid and perfected Lien of first priority (other than Liens
expressly permitted to be prior to such Lien pursuant to Section 7.7) in the Collateral purported to be covered thereby having a fair market value, individually or in the aggregate, exceeding Two Hundred Fifty Thousand Dollars
($250,000), in each case for any reason other than (i) the payment in full of each Loan and performance of all other obligations of the Borrower under this Agreement and the other Loan Documents or (ii) the failure of the Agent or any
Lender to take any action within its exclusive control; or 
 (t) Invalidity of Loan Documents. Any other Loan Document
or any provision thereof, at any time after its execution and delivery and for any reason other than the payment in full of each Loan and performance of all other obligations of the Borrower under this Agreement and the other Loan Documents, ceases
to be in full force and effect, or is declared by a court of competent jurisdiction to be null and void, invalid or unenforceable in any respect; or the Borrower or any Guarantor denies that it has any or further liability or obligation under any
other Loan Document, or purports to revoke, terminate or rescind any Loan Document. 
 Section 8.2 Consequences of Default.

 (a) General Remedies. If any of the Events of Default described in Section 8.1(g) or
Section 8.1(h) shall occur, each Lender’s Commitment shall immediately terminate and, if any Loans shall have been made, the principal of and interest on the Loans and all other sums payable by the Borrower under the Loan Documents
shall become immediately due and payable all without protest, presentment, notice or demand, all of which the Borrower expressly waives. If any other Event of Default shall occur and be continuing, then in any such case and at any time thereafter so
long as any such Event of Default shall be continuing, the Agent shall at the request, or may with the consent, of the Lenders immediately terminate each Lender’s Commitment and, if any Loans shall have been made, the Agent shall at the
request, or may with the consent, of the Lenders, declare the principal of and interest on the Loans and all other sums payable by the Borrower under this Agreement and the other Loan Documents to be immediately due and payable, whereupon the same
shall become immediately due and payable all without protest, presentment, notice, or demand, all of which the Borrower expressly waives. Regardless of whether the Borrower’s obligations to repay the Loans have been accelerated pursuant to the
preceding sentences, the Agent shall at the request, or may with the consent, of the Lenders, realize on any or all of the Collateral by exercising any remedies provided to the Agent and the Lenders in the Security Documents. The rights and remedies
set forth in this Section 8.2 shall be in addition to any and all rights and remedies set forth in the other Loan Documents. 
  

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 (b) Cash Collateral. Regardless of whether the Borrower’s obligations to
repay the Loans have been accelerated pursuant to subsection (a) above, the Agent shall at the request, or may with the consent, of the Lenders, realize on any or all of the Collateral by exercising any remedies provided in the Security
Documents. Amounts paid or received hereunder in respect of any payment or transfer under the Financial Transaction Contracts and/or Swap Contracts not then due shall be held (and applied) as cash collateral to secure the performance of all
obligations of the Borrower owing to the Agent and the Lenders (or any of them) and their Affiliates under the Loan Documents or any documents relating to the Financial Transaction Contracts and/or Swap Contracts. 
 (c) Application of Funds. After the exercise of the rights and remedies provided for in this Section 8.2 (or after the
Borrower’s obligations to repay the Loans or the Indebtedness hereunder in respect of the Letters of Credit have been accelerated pursuant to subsection (a) above), except as otherwise required by applicable laws, any amounts received on
account of the Borrower’s obligations owing hereunder, the other Loan Documents and under the Financial Transaction Contracts and the Swap Contracts shall be applied by the Agent first, against fees, expenses and indemnities due
hereunder or under any other Loan Document and payable to the Agent in its capacity as such; second, against fees, expenses and indemnities due hereunder or under any other Loan Document and payable to the Lenders in proportion to the amounts
described in this clause payable to them; third, against (i) any interest due on any Loans and (ii) any fees, premiums and scheduled periodic payments due under any Swap Contract permitted by Section 7.5, and any
interest accrued thereon, ratably among the Lenders in proportion to the respective amounts described in this clause payable to them; fourth, against (i) principal on the Loans, (ii) any breakage, termination or other payments due
under any Swap Contract permitted by Section 7.5, and any interest accrued thereon and (iii) amounts owing to any Lender under any Financial Transaction Contract and any interest accrued thereon, in each case ratably among Lenders
in proportion to the respective amounts described in this clause held by them; and fifth, to the Agent to be held (and applied in the preceding order of priority) as cash collateral to secure the performance of all obligations of the Borrower
owing to the Agent and the Lenders under the Loan Documents, the Swap Contracts and the Financial Transaction Contracts. 
 ARTICLE 9

 MATTERS CONCERNING COLLATERAL 
 Section 9.1 Recourse of Lenders. Each Lender acknowledges and agrees that (a) it shall only have recourse to the Collateral through the Agent and that it shall have no independent recourse to the
Collateral and (b) the Agent shall have no obligation to take any action, or refrain from taking any action, except upon instructions from the Lenders in accordance with Sections 8.2 and 10.2 hereof. Nothing contained herein
shall restrict the Lenders’ rights to pursue remedies, by proceedings in law and equity, to collect principal of or interest on the Loans or the Indebtedness hereunder in respect of the Letters of Credit or to enforce the performance of and
provisions of this Agreement. 
 Section 9.2 Acts of Lenders. Any request, demand, authorization, direction, notice, consent, waiver
or other action permitted or required by this Agreement to be given or taken by the Lenders may be and, at the request of the Agent, shall be embodied in and evidenced by one 

  

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or more instruments satisfactory in form to the Agent and signed by or on behalf of the Lenders and, except as otherwise expressly provided in any such
instrument, any such action shall become effective when such instrument or instruments shall have been delivered to the Agent. The instrument or instruments evidencing any action (and the action embodied therein and evidenced thereby) are sometimes
referred to herein as an “Act” of the persons signing such instrument or instruments. The Agent shall be entitled to rely absolutely upon an Act of any Lender if such Act purports to be taken by or on behalf of such Lender. 
 Section 9.3 Legally Required Releases. Whether or not so instructed by the Lenders, the Agent may release any Collateral and may provide any
release, termination statement or instrument of subordination required by order of a court of competent jurisdiction or otherwise required by applicable law. 
 Section 9.4 Turnover of Collateral. If any Lender acquires custody, control or possession of any Collateral or proceeds therefrom other than pursuant to the terms of this Agreement, such Lender shall promptly
cause such Collateral or proceeds to be delivered to or put in the custody, possession or control of the Agent or, if the Agent shall so designate in writing, an agent of the Agent (which agent may be a branch or affiliate of the Agent or any
Lender) in the same form of payment received, with appropriate endorsements, in the country in which such Collateral is held. Until such time as the provisions of the immediately preceding sentence have been complied with, such Lender shall be
deemed to hold such Collateral and proceeds in trust for the Agent. 
 ARTICLE 10 
 MATTERS CONCERNING THE AGENT 
 Section 10.1 Appointment of Agent. Each Lender hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers under this Agreement and the Security Documents as are delegated to the
Agent by the terms hereof, together with such powers as are reasonably incidental thereto. 
 Section 10.2 Actions under Security
Documents. Subject to the provisions of this Article 10, the Agent shall take any action under or with respect to the Security Documents which is requested by the Lenders and which is not inconsistent with or contrary to the
provisions of this Agreement or the other Loan Documents. The Agent shall, subject in all cases to the provisions of this Article 10, exercise or refrain from exercising all such rights, powers and remedies as shall be available to it
under the Security Documents or any of them in accordance with any written instructions received from the Lenders. The Agent shall have the right to decline to follow any such direction if the Agent, being advised by counsel, determines that the
directed action is not permitted by the terms of this Agreement or the Security Documents, may not lawfully be taken or would involve it in personal liability, and the Agent shall not be required to take any such action unless it shall have been
provided an indemnity satisfactory to it against the costs, expenses and liabilities which may be incurred by it in compliance with such direction. The Agent may rely on any such direction given to it by the Lenders and shall be fully protected, and
shall under no circumstances (absent the gross negligence and willful misconduct of the Agent) be liable to the Borrower, the Guarantor, any holder of any Note or any other Person for taking or refraining from taking action in accordance therewith.
Absent written instructions from 

  

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the Lenders, in the case of an emergency in order to protect any of the Collateral, the Agent may take (but shall have no obligation to take) any and all
such actions under the Security Documents or any of them or otherwise as it shall deem to be in the best interests of the Lenders. Except as provided in the preceding sentence, in the absence of written instructions (which may relate to the exercise
of specific remedies or to the exercise of remedies in general) from the Lenders, the Agent shall not exercise remedies available to it under any Security Documents with respect to the Collateral or any part thereof. 
 Section 10.3 Limitation on Responsibilities. The Agent shall have no duties or responsibilities except those expressly set forth in this Agreement
and the other Loan Documents. The duties of the Agent shall be mechanical and administrative in nature; the Agent shall not have by reason of this Agreement a fiduciary relationship in respect of any Lender; and nothing in this Agreement or the
other Loan Documents, expressed or implied, is intended to or shall be so construed as to impose upon the Agent any obligations in respect of this Agreement or the other Loan Documents except as expressly set forth herein or therein. The Agent shall
not be responsible for insuring the Collateral, for the payment of taxes, charges, assessments or liens upon the Collateral or otherwise as to the maintenance of the Collateral, except when the Agent has possession of the Collateral. Collateral
Agent shall have no duty to the Borrower, the Guarantor, any holder of any Note or any other Person as to any Collateral in its possession or control or in the possession or control of any agent or nominee of the Agent or any income thereon or as to
the preservation of rights against prior parties or any other rights pertaining thereto, except the duty to accord such of the Collateral as may be in its possession substantially the same care as it accords its own assets and the duty to account
for monies received by it. As to any matters not expressly provided for by this Agreement, including enforcement or collection of the Loans, the Letters of Credit or the Collateral, the Agent shall not be required to exercise any discretion or take
any action except upon the instructions of the Lenders, and such instructions shall be binding upon the Lenders and any holders of any Note; provided that the Agent shall not be required to take any action which exposes the Agent to personal
liability or which is contrary to the Loan Documents or applicable law; provided, further, that the terms of this Article 10 shall not be amended without the prior written consent of the Agent (acting for its own account).
In the absence of instructions from the Lenders, the Agent shall have authority (but no obligation), in its sole discretion, to take or not to take any action, unless this Agreement specifically requires the consent of the Lenders and any such
action or failure to act shall be binding on the Lenders and on all holders of the Notes. Each Lender and each holder of any Note shall execute and deliver such additional instruments, including powers of attorney in favor of the Agent, as may be
necessary or desirable to enable the Agent to exercise its powers hereunder and under the other Loan Documents. 
 Section 10.4 Duties and
Obligations. 
 (a) Neither the Agent nor any of its directors, officers, employees, agents, counsel or attorneys-in-fact
shall be liable for any action taken or omitted to be taken by it or any of them under or in connection with this Agreement or any other Loan Document and the transactions contemplated hereby and thereby, except for its or their own gross negligence
or willful misconduct. Without limiting the generality of the foregoing, the Agent (i) may treat each Lender as the party entitled to receive payments hereunder until the Agent receives written notice of the assignment of such Lender’s
interest herein signed by such Lender and made in 

  

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accordance with the terms hereof and a written agreement of the assignee that it is bound hereby as it would have been had it been an original party hereto,
in each case in form satisfactory to the Agent; (ii) may consult with legal counsel (including counsel for the Borrower), independent public accountants and other experts selected by it and shall not be liable for any action taken or omitted to
be taken in good faith by it in accordance with the advice of such experts; (iii) makes no warranty or representation to any Lender and shall not be responsible to any Lender for any statements, warranties or representations made in or in
connection with this Agreement, the other Loan Documents or in any instrument or document furnished pursuant hereto or thereto; (iv) makes no representation as to the value or condition of the Collateral or any part thereof, as to the title of
the Borrower or the Guarantor to the Collateral, as to the security afforded by this Agreement or any Security Document; (v) shall not have any duty to ascertain or to inquire as to the performance of any of the terms, covenants, or conditions
of the Loan Documents, or of any instrument or document furnished pursuant thereto, on the part of the Borrower or as to the use of the proceeds of any Loan or the proceeds received in respect of any Letter of Credit or as to the existence or
possible existence of any Default or Event of Default; (vi) shall not be responsible to any Lender for the due execution, legality, validity, enforceability, genuineness, effectiveness, or value of this Agreement, of any other Loan Document, or
of any instrument or document furnished pursuant hereto; (vii) may execute any of its duties by or through its employees, other independent agents or attorneys-in-fact and shall not be responsible for the negligence or misconduct of any such
agent or attorney-in-fact that it selects with reasonable care; and (viii) shall incur no liability under or in respect to this Agreement by acting upon any oral or written notice, consent, certificate or other instrument or writing (which may
be by telex, facsimile transmission, e-mail or cable) believed by it to be genuine and signed or sent by the proper party or parties or by acting upon any representation or warranty of the Borrower made or deemed to be made under this Agreement or
in any other Loan Document. 
 (b) The Agent will account to each Lender for its interest in amounts received by the Agent on
account of the Borrower’s obligations owing hereunder, the other Loan Documents and under the Financial Transaction Contracts and the Swap Contracts and will promptly remit to the Lender(s) entitled thereto all such amounts. The Agent will
transmit to each Lender copies of all documents received from the Borrower pursuant to the requirements of this Agreement other than documents which by the terms of this Agreement the Borrower is obligated to deliver directly to the Lenders.

 Section 10.5 Dealings Between Agent and Borrower. With respect to its Commitment, the Loans made by it, and Letters of Credit
issued by it, the Agent shall have the same obligations, rights and powers under this Agreement and the other Loan Documents as any other Lender and may exercise the same as though it were not the Agent hereunder, and the term “Lender”
shall unless otherwise expressly indicated include the Agent in its individual capacity. The Agent may accept deposits from, lend money to, act and generally engage in any kind of business with the Borrower and any Person which may do business with
the Borrower, all as if the Agent were not the Agent hereunder and without any duty to obtain the consent of or account therefor to any other Lender. Each Lender acknowledges that, pursuant to such activities, the Agent may receive information
regarding the Borrower (including information that may be subject to confidentiality obligations in favor of the Borrower) and acknowledges that the Agent shall be under no obligation to provide such information to any Lender. 
  

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 Section 10.6 Notice of Default. The Agent shall not be deemed to have knowledge or notice of the
occurrence of any Default or Event of Default, unless the Agent shall have received written notice from a Lender or the Borrower referring to this Agreement, describing such Default or Event of Default and stating that such notice is a “notice
of default.” The Agent will notify the Lenders of its receipt of any such notice. The Agent shall take such action with respect to such Default or Event of Default as may be directed by the Lenders in accordance with Section 8.2;
provided, however, that unless and until the Agent has received any such direction, the Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as
it shall deem advisable or in the best interest of the Lenders. 
 Section 10.7 Indemnification. Each Lender agrees to indemnify the
Agent (to the extent not reimbursed by the Borrower) from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever which may be imposed
on, incurred by or asserted against the Agent in any way relating to or arising out of this Agreement or any other Loan Document or any action taken or omitted by the Agent under this Agreement or any other Loan Document, except any such as result
from the Agent’s gross negligence or willful misconduct. Without limiting the foregoing, each Lender agrees to reimburse Agent promptly on demand for any out-of-pocket expenses, including legal fees, incurred by the Agent in connection with the
administration or enforcement of or the preservation of any rights under this Agreement or any other Loan Document (to the extent that the Agent is not reimbursed for such expenses by the Borrower) including without limitation, expenses incurred in
connection with the enforcement or collection of the Loans, the Letters of Credit or the Collateral. 
 Section 10.8 Successor Agent.
The Agent may give written notice of resignation at any time to the Lenders and the Borrower, and may be removed at any time with cause by the Lenders. Upon any such notice of resignation or removal, the Lenders shall have the right to appoint a
successor Agent. If no successor Agent shall have been so appointed by the Lenders and shall have accepted such appointment within thirty (30) days after the Agent’s giving of notice of resignation or the Lender’s removal of Agent,
then the Agent may, after consulting with the Lenders and the Borrower, appoint a successor Agent from among the Lenders. Upon the acceptance of any appointment as the Agent hereunder by a successor Agent, such successor Agent shall thereupon
succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent, and the retiring Agent shall be discharged from its duties and obligations under this Agreement. If no successor agent has accepted appointment as
Agent by the date which is thirty (30) days following a retiring Agent’s notice of resignation, the retiring Agent’s resignation shall nevertheless thereupon become effective and the Lenders shall perform all of the duties of the
agent hereunder until such time, if any, as the Lenders appoint a successor agent as provided above. Notwithstanding any retiring Agent’s resignation or removal hereunder as the Agent, the provisions of this Article 10 shall inure
to its benefit as to any actions taken or omitted to be taken by it while it was the Agent under this Agreement. 
  

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 ARTICLE 11 
 MISCELLANEOUS 
 Section 11.1 No Waiver; Remedies Cumulative. No failure by the Agent or any
Lender to exercise, and no delay in exercising, any right, power or remedy under this Agreement or any other Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any right, power or remedy under this Agreement
or any other Loan Document preclude any other or further exercise thereof or the exercise of any other right, power, or remedy. The exercise of any right, power, or remedy shall in no event constitute a cure or waiver of any Event of Default or
prejudice the rights of the Agent or any Lender in the exercise of any right hereunder or thereunder. The rights and remedies provided herein and therein are cumulative and not exclusive of any right or remedy provided by law. 
 Section 11.2 Governing Law. This Agreement and the other Loan Documents shall be governed by and construed in accordance with the laws of the
Territory of American Samoa (excluding its conflict of laws rules) except in the case of the Security Documents, where the location of Collateral requires that the creation, validity, perfection, or enforcement of the security interests provided for
herein be governed by the laws of the jurisdiction where such Collateral is located. 
 Section 11.3 Consent to Jurisdiction. Each
party hereto irrevocably submits to the nonexclusive jurisdiction of the High Court of American Samoa in any action or proceeding brought to enforce or otherwise arising out of or relating to this Agreement or any other Loan Document, hereby waives
any objection to venue in any such court and any claim that such forum is an inconvenient forum and agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in any other jurisdiction by suit on the
judgment or in any other manner provided by law. Nothing in this Section 11.3 shall impair the right of any party to bring any action or proceeding hereunder in the courts of any other jurisdiction. 
 Section 11.4 Waiver of Jury Trial. THE PARTIES HERETO WAIVE ANY RIGHT TO A TRIAL BY JURY IN ANY ACTION OR PROCEEDING TO ENFORCE OR DEFEND ANY
RIGHTS UNDER OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, OR ANY AMENDMENT, INSTRUMENT, DOCUMENT OR AGREEMENT DELIVERED OR WHICH MAY IN THE FUTURE BE DELIVERED IN CONNECTION HEREWITH OR THEREWITH OR ARISING FROM ANY RELATIONSHIP
EXISTING IN CONNECTION WITH THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, AND AGREE THAT (A) ANY SUCH ACTION OR PROCEEDING SHALL NOT BE TRIED BEFORE A JURY AND (B) ANY PARTY HERETO MAY FILE AN ORIGINAL COUNTERPART OR COPY OF THIS AGREEMENT
WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE PARTIES HERETO TO THE WAIVER OF THEIR RESPECTIVE RIGHTS TO A TRIAL BY JURY. 
 Section 11.5 Notices. All notices and other communications provided for in the Loan Documents shall be in writing or (unless otherwise specified) and shall be mailed (with first class postage prepaid) or sent or delivered to each
party by facsimile or courier service at the address or facsimile number set forth below, or at such other address as shall be designated by such party in a written notice to the other parties. 
  

 39 

			
	If to Borrower:	  	AST Telecom, LLC
		  	P.O. Box 478
		  	Pago Pago, American Samoa 96799
		  	Attn: Barry I. Rose
		  	Facimile: 684-699-2105
		
	If to Agent	  	ANZ Finance American Samoa, Inc.
	or Lenders:	  	P.O. Box 3790
		  	Pago Pago, American Samoa 96799
		  	Attn: Gary A. Ayre, President
		  	Facsimile: 684-633-5057

 Except as otherwise specified all notices sent by mail, if duly given, shall be effective three (3) Business
Days after deposit into the mails, all notices sent by a nationally recognized courier service, if duly given, shall be effective one Business Day after delivery to such courier service, and all other notices and communications if duly given or made
shall be effective upon receipt. Neither the Agent or any Lender shall incur any liability to the Borrower for actions taken in reliance on any telephonic notice referred to in this Agreement which the Agent or such Lender believes in good faith to
have been given by a duly authorized officer or other Person authorized to borrow or give such telephonic notice hereunder on behalf of the Borrower. Electronic mail may be used only to distribute routine communications, such as financial statements
and other information as provided in Section 6.10, and to distribute Loan Documents for execution by the parties thereto, and may not be used for any other purpose. 
 Section 11.6 Assignments and Participations. This Agreement shall be binding upon and inure to the benefit of the parties and their respective
Successors and assigns; provided that the Borrower may not assign or otherwise transfer all or any part of its rights or obligations under this Agreement or any other Loan Document without the prior written consent of the Agent and each
Lender, and any such assignment or transfer purported to be made without such consent shall be ineffective. Any Lender may at any time assign or otherwise transfer all or any part of its interest under this Agreement and other Loan Documents
(including assignments for security and sales of participations), and to the extent of any such assignment, the assignee shall have the same rights and benefits against the Borrower and otherwise under this Agreement (including, without limitation,
the right of setoff) as if such assignee were such Lender. The Borrower agrees to execute and deliver all such instruments and to perform all such other acts as the Agent or any Lender may request to effect such assignments and participations.

 Section 11.7 Confidentiality. The Agent and each Lender shall hold all non-public, proprietary or confidential information (which
has been identified as such by the Borrower) obtained pursuant to the requirements of this Agreement in accordance with their customary procedures for handling confidential information of this nature and in accordance with safe and sound lending
practices; provided, however, that the Agent or any Lender may make disclosure of any such information to its examiners, Affiliates, outside auditors, counsel, consultants, operators and other professional advisors in connection with
this Agreement or as required by any proposed, transferee or participant in connection with the contemplated transfer of all or any part of its interest under this Agreement and other Loan Documents or the contemplating granting of a participation
therein, as required or requested by any Governmental Authority or 

  

 40 

 
representative thereof or in connection with the enforcement hereof or of any other Loan Document or pursuant to legal process; provided,
however, that any such proposed syndicate member or proposed transferee or participant shall have agreed in writing for the Borrower’s benefit to be bound by the terms of this Section 11.7. In no event shall the Agent or any
Lender be obligated or required to return any materials furnished to it by the Borrower or any of its Subsidiaries. 
 Section 11.8 USA
Patriot Act Notice. The Agent and each Lender hereby notifies the Borrower that pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”), it is
required to obtain, verify and record information that identifies the Borrower, which information includes the name and address of the Borrower and other information that will allow the Agent and each Lender to identify the Borrower in accordance
with the Patriot Act. 
 Section 11.9 Borrower’s Indemnity. Whether or not the transactions contemplated hereby shall be
consummated, the Borrower shall pay, indemnify and hold the Agent and each Lender and their respective officers, directors, employees, counsel, agents and attorneys-in-fact (each, an “Indemnified Person”) harmless from and against
any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, charges, expenses or disbursements (including, without limitation, attorneys’ fees, which may include the allocated charges of internal legal
counsel) of any kind or nature whatsoever with respect to any investigation, litigation or proceeding (including, without limitation, any insolvency proceeding or appellate proceeding) arising out of or related to this Agreement or any other Loan
Document or any actual or proposed use of proceeds of the Loans made hereunder, whether or not any Indemnified Person is a party thereto (all of the foregoing, collectively the “Indemnified Liabilities”); provided, that the
Borrower shall have no obligation hereunder to any Indemnified Person with respect to Indemnified Liabilities arising from the willful misconduct or gross negligence of such Indemnified Person. All amounts owing under this Section 11.9
shall be paid promptly upon demand. At the election of any Indemnified Person, the Borrower shall defend such Indemnified Person in respect of any Indemnified Liabilities using legal counsel reasonably satisfactory to such Indemnified Person at the
sole cost and expense of the Borrower. 
 Section 11.10 Set-Off. In addition to any rights and remedies of the Agent and each Lender
provided by law, if an Event of Default has occurred and is continuing, the Agent and each Lender is authorized at any time and from time to time, without prior notice to the Borrower, any such notice being waived by the Borrower to the fullest
extent permitted by law, to set-off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held by, and other indebtedness at any time owing by, the Agent or any Lender to or for the credit or the
account of the Borrower against any and all obligations owing to the Agent or such Lender, now or hereafter existing, irrespective of whether or not the Agent or any Lender shall have made demand under this Agreement or any other Loan Document and
although such obligations may be contingent or unmatured. The Agent and each Lender agrees promptly to notify the Borrower after any such set-off and application made by the Agent or such Lender; provided, however, that the failure to
give such notice shall not affect the validity of such set-off and application. 
  

 41 

 Section 11.11 Severability. Any provision of this Agreement or any other Loan Document which is
prohibited or unenforceable in any jurisdiction shall as to such jurisdiction be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof or affecting the validity or enforceability of
such provision in any other jurisdiction. To the extent permitted by applicable law, the parties waive any provision of law which renders any provision hereof prohibited or unenforceable in any respect. 
 Section 11.12 Survival. The representations, warranties and indemnities of the Borrower in favor of the Agent and each Lender shall survive
indefinitely and, without limiting the foregoing, shall survive the execution and delivery of the Loan Documents, the making of any Loans, the expiration of the Commitment and the repayment of all amounts due under the Loan Documents. 
 Section 11.13 Executed in Counterparts. This Agreement and the other Loan Documents may be executed in any number of counterparts and by different
parties in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. 
 Section 11.14 Conditions Not Fulfilled. If no Loans are made or issued hereunder owing to nonfulfillment of any condition precedent specified in
Article 5 hereof, no party hereto shall be responsible to any other party for any damage or loss by reason thereof, except that the Borrower shall be in any event liable to pay the fees, Taxes, and expenses for which it is obligated
hereunder. 
 Section 11.15 Entire Agreement; Amendment, Etc. This Agreement and the other Loan Documents comprise the entire
agreement of the parties and may not be amended or modified except by written agreement of the Borrower, the Agent and each Lender. No provision of this Agreement may be waived except in writing and then only in the specific instance and for the
specific purpose for which given. 
 Section 11.16 Construction. In the event of any conflict between the terms, conditions and
provisions of this Agreement and those of any other Loan Document, the terms, conditions and provisions of this Agreement shall control. 
 IN WITNESS WHEREOF, the Borrower, each Lender and the Agent have caused this Agreement to be executed by their respective officers or agents thereunto duly authorized as of the date first above written. 
  

									
	BORROWER:	 		 	 AST TELECOM, LLC, a Delaware limited liability company

				
		 		 	 By
	 	 /s/ Barry I. Rose

		 		 		 	 Name:
	 	 Barry I. Rose

		 		 		 	 Title:
	 	 Manager

  

 42 

									
	LENDERS:	 		 	 ANZ FINANCE AMERICAN SAMOA, INC., an American Samoa corporation

					
		 		 		 	 By
	 	 /s/ Gary A. Ayre

		 		 		 	 Name:
	 	 Gary A. Ayre

		 		 		 	 Title:
	 	 President

			
		 		 	 ANZ AMERIKA SAMOA BANK, an American Samoa corporation

					
		 		 		 	 By
	 	 /s/ Gary A. Ayre

		 		 		 	 Name:
	 	 Gary A. Ayre

		 		 		 	 Title:
	 	 President

			
	AGENT:	 		 	 ANZ FINANCE AMERICAN SAMOA, INC., an American Samoa corporation

					
		 		 		 	 By
	 	 /s/ Gary A. Ayre

		 		 		 	 Name:
	 	 Gary A. Ayre

		 		 		 	 Title:
	 	 President

  

 43 

 SCHEDULE 1 
 EXISTING DEBT 
  

					
	 Borrower
	  	 Lender
	  	 Amount

			
	 1.      AST Telecom, LLC
	  	 Bank of Hawaii
	  	 USD 2,707,028.24

			
	 2.      Generic Technology Limited
	  	 Westpac Banking Corporation
	  	 FJD In Credit

			
	 3.      Datec (Fiji) Limited
	  	 Westpac Banking Corporation
	  	 FJD 537,188.96

			
	 4.      Datec Investments Limited
	  	 ASB Bank Limited
	  	 NZD 149,360.80

			
	 5.      Datec (Samoa) Ltd.
	  	 Westpac Banking Corporation
	  	 SAT In Credit

			
	 6.      Datec (Tonga) Limited
	  	 ANZ National Bank Limited
	  	 TOP 152,537.69

			
	 7.      Datec (Solomon Islands) Limited
	  	 National Bank of Solomon Islands
	  	 SBD 94,480.61

 SCHEDULE 2 
 LITIGATION 
 None. 

 SCHEDULE 3 
 LIENS 
  

			
	 Secured Party
	  	 Property Encumbered

	 1.      Bank of Hawaii
	  	accounts receivable, inventory and fixed assets

 SCHEDULE 4 
 INTELLECTUAL PROPERTY 
  

	(a)	Proprietary 

 None. 
  

	(b)	Licensed Software. 

  

	 	1.	AvaBill Billing & POS system licensed from Informatics; 

  

	 	2.	Call Control licensed from CPDI; and 

  

	 	3.	Accpac Financial system licensed from Accpac International. 

 SCHEDULE 5 
 ENVIRONMENTAL MATTERS 
 None.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}]]