Document:

Third amendment to line of credit with Silicon Valley Bank dated August 11, 2009

 Exhibit 10.1 
 AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT 
 THIS AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT (this “Agreement”) dated as of the Effective Date between SILICON VALLEY BANK, a California corporation (“Bank”), and OTIX GLOBAL,
INC., a Delaware corporation, formerly known as Sonic Innovations, Inc., and HEARINGLIFE USA, INC., a Delaware corporation (collectively “Borrower”), provides the terms on which Bank shall lend to Borrower and Borrower
shall repay Bank. 
 RECITALS 
 A. Bank and Borrower are parties to that certain Loan and Security Agreement, with an Effective Date of April 19, 2007, as amended (collectively, the “Original Agreement”). 
 B. Borrower and Bank desire in this Agreement to set forth their agreement with respect to a revolving loan and to amend and restate in its
entirety without novation the Original Agreement in accordance with the provisions herein. 
 C. The loan documents executed and
delivered on or about the date of the Original Agreement or in relation to the Original Agreement remain in full force and effect, except as expressly amended herein, including without limitation the Security Account Control Agreement and all other
control agreements, UCC financing statements and any Consent to Removal of Personal Property and all amendments and modifications thereto. 
 The parties agree as follows: 
 1 ACCOUNTING AND OTHER TERMS

 Accounting terms not defined in this Agreement shall be construed following GAAP. Calculations and determinations must be
made following GAAP. Capitalized terms not otherwise defined in this Agreement shall have the meanings set forth in Section 13. All other terms contained in this Agreement, unless otherwise indicated, shall have the meaning provided by the Code
to the extent such terms are defined therein. 
 2 LOAN AND TERMS OF PAYMENT 
 2.1 Promise to Pay. Borrower hereby unconditionally promises to pay Bank the outstanding principal amount of all Credit Extensions and
accrued and unpaid interest thereon as and when due in accordance with this Agreement. 
 2.1.1 Revolving Advances.

 (a) Availability. The first $1,000,000.00 of Advances (including any Credit Extensions pursuant to the provisions of
Sections 2.1.2, 2.1.3, 2.1.4 and 2.1.5) shall be non-formula Advances under the Revolving Line (the “Non-Formula Advances”), and except as otherwise set forth herein, no Borrowing Base Certificate will be required in connection with
the Non-Formula Advances. Subject to the terms and conditions of this Agreement, after the Non-Formula Advances have been advanced, Bank shall make Advances not exceeding the Availability Amount. Amounts borrowed hereunder may be repaid and, prior
to the Revolving Line Maturity Date, reborrowed, subject to the applicable terms and conditions precedent herein. 
 (b)
Termination; Repayment. The Revolving Line terminates on the Revolving Line Maturity Date, when the principal amount of all Advances, the unpaid interest thereon, and all other Obligations relating to the Revolving Line shall be immediately
due and payable. 
  

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 2.1.2 Letters of Credit Sublimit. 
 (a) As part of the Revolving Line, Bank shall issue or have issued Letters of Credit for Borrower’s account. The face amount of
outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit and any Letter of Credit Reserve) may not exceed the Availability Amount. Such aggregate amounts utilized hereunder shall at all times reduce the amount otherwise
available for Advances under the Revolving Line. If, on the Revolving Maturity Date, there are any outstanding Letters of Credit, then on such date Borrower shall provide to Bank cash collateral in an amount equal to 105% of the face amount of all
such Letters of Credit plus all interest, fees, and costs due or to become due in connection therewith (as estimated by Bank in its good faith business judgment), to secure all of the Obligations relating to said Letters of Credit. All Letters of
Credit shall be in form and substance acceptable to Bank in its sole discretion and shall be subject to the terms and conditions of Bank’s standard Application and Letter of Credit Agreement (the “Letter of Credit
Application”). Borrower agrees to execute any further documentation in connection with the Letters of Credit as Bank may reasonably request. Borrower further agrees to be bound by the regulations and interpretations of the issuer of any
Letters of Credit guarantied by Bank and opened for Borrower’s account or by Bank’s interpretations of any Letter of Credit issued by Bank for Borrower’s account, and Borrower understands and agrees that Bank shall not be liable for
any error, negligence, or mistake, whether of omission or commission, in following Borrower’s instructions or those contained in the Letters of Credit or any modifications, amendments, or supplements thereto. 
 (b) The obligation of Borrower to immediately reimburse Bank for drawings made under Letters of Credit shall be absolute, unconditional, and
irrevocable, and shall be performed strictly in accordance with the terms of this Agreement, such Letters of Credit, and the Letter of Credit Application. 
 (c) Borrower may request that Bank issue a Letter of Credit payable in a Foreign Currency. If a demand for payment is made under any such Letter of Credit, Bank shall treat such demand as an Advance to
Borrower of the equivalent of the amount thereof (plus fees and charges in connection therewith such as wire, cable, SWIFT or similar charges) in Dollars at the then-prevailing rate of exchange in San Francisco, California, for sales of the Foreign
Currency for transfer to the country issuing such Foreign Currency. 
 (d) To guard against fluctuations in currency exchange
rates, upon the issuance of any Letter of Credit payable in a Foreign Currency, Bank shall create a reserve (the “Letter of Credit Reserve”) under the Revolving Line in an amount equal to ten percent (10%) of the face amount of
such Letter of Credit. The amount of the Letter of Credit Reserve may be adjusted by Bank from time to time to account for fluctuations in the exchange rate. The availability of funds under the Revolving Line shall be reduced by the amount of such
Letter of Credit Reserve for as long as such Letter of Credit remains outstanding. 
 2.1.3 Foreign Exchange Sublimit. As
part of the Revolving Line, Borrower may enter into foreign exchange contracts with Bank under which Borrower commits to purchase from or sell to Bank a specific amount of Foreign Currency (each, a “FX Forward Contract”) on a
specified date (the “Settlement Date”). FX Forward Contracts shall have a Settlement Date of at least one (1) FX Business Day after the contract date and shall be subject to a reserve of ten percent (10%) of each
outstanding FX Forward Contract in a maximum aggregate amount equal to the Availability Amount (the “FX Reserve”). The aggregate amount of FX Forward Contracts at any one time may not exceed ten (10) times the amount of the FX
Reserve. 
 2.1.4 Cash Management Services Sublimit. Borrower may use up to the Availability Amount (the “Cash
Management Services Sublimit”) of the Revolving Line for Bank’s cash management services which may include merchant services, direct deposit of payroll, business credit card, and check cashing services identified in Bank’s various
cash management services agreements (collectively, the “Cash Management Services”). Any amounts Bank pays on behalf of Borrower or any amounts that are not paid by Borrower for any Cash Management Services will be treated as
Advances under the Revolving Line and will accrue interest at the interest rate applicable to Advances. 
 2.1.5 Asset
Purchase Sublimit. Borrower may use up to the Availability Amount (the “Asset Purchase Sublimit”) of the Revolving Line for the sale of Accounts to Bank on the terms and conditions set forth in the Non-Recourse Receivables Purchase
Agreement attached hereto as Exhibit F. If Borrower exercises its option to sell Accounts to Bank, the purchase of the Accounts by Bank shall be subject to Bank’s satisfactory due diligence, Borrower’s execution and delivery of the
Non-Recourse Receivables Purchase Agreement in the form attached as Exhibit F, and compliance with any other conditions to closing set forth in the Non-Recourse Receivables Purchase Agreement. 
  

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 2.2 Overadvances. If, at any time, the Credit Extensions under Sections 2.1.1, 2.1.2,
2.1.3, 2.1.4 and 2.1.5 exceed the Non-Formula Advances and also exceed the lesser of either (a) the Revolving Line or (b) the Borrowing Base, Borrower shall immediately pay to Bank in cash such excess. 
 2.3 General Provisions Relating to the Advances. No further LIBOR Advances shall be available after the date of this Amended and
Restated Loan and Security Agreement. 
 2.4 Payment of Interest on the Credit Extensions. 
 (a) Computation of Interest. Interest on the Credit Extensions and all fees payable hereunder shall be computed on the basis of a
360-day year and the actual number of days elapsed in the period during which such interest accrues. In computing interest on any Credit Extension, the date of the making of such Credit Extension shall be included and the date of payment shall be
excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension. 
 (b) Advances. Each Advance shall bear interest on the outstanding principal amount thereof from the date when made, continued or
converted until paid in full at a rate per annum equal to the following: (i) if the Adjusted Quick Ratio is greater than or equal to 1.25 to 1.0, then the interest rate is the Prime Rate plus 0.25 percentage point; (ii) if the
Adjusted Quick Ratio is less than 1.25 to 1.0, then the interest rate is the Prime Rate plus 0.50 percentage point. 
 (c)
Default Interest. Immediately upon the occurrence and during the continuance of an Event of Default, Obligations shall bear interest at a rate per annum which is five percentage points (5.00%) above the rate that is otherwise applicable
thereto (the “Default Rate”) unless Bank otherwise elects from time to time in its sole discretion to impose a smaller increase. Fees and expenses which are required to be paid by Borrower pursuant to the Loan Documents (including,
without limitation, Bank Expenses) but are not paid when due shall bear interest until paid at a rate equal to the highest rate applicable to the Obligations. Payment or acceptance of the increased interest rate provided in this Section 2.4(c)
is not a permitted alternative to timely payment and shall not constitute a waiver of any Event of Default or otherwise prejudice or limit any rights or remedies of Bank. 
 (d) Adjustment to Interest Rate. Changes to the interest rate of any Credit Extension based on changes to the Prime Rate shall be effective on the effective date of any change to the Prime Rate and
to the extent of any such change. 
 (e) Debit of Accounts. Bank may debit any of Borrower’s deposit accounts,
including the Designated Deposit Account, for principal and interest payments when due, or any other amounts Borrower owes Bank, when due. Bank shall promptly notify Borrower after it debits Borrower’s accounts. These debits shall not
constitute a set-off. 
 (f) Payments. Unless otherwise provided, interest is payable monthly on the first calendar day
of each month. Payments of principal and/or interest received after 12:00 p.m. Pacific time are considered received at the opening of business on the next Business Day. When a payment is due on a day that is not a Business Day, the payment is due
the next Business Day and additional fees or interest, as applicable, shall continue to accrue. 
 2.5 Fees. Borrower
shall pay to Bank: 
 (a) Commitment Fee. A fully earned, non-refundable commitment fee of $5,000.00, on the
Effective Date; 
 (b) Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility
Fee”), payable quarterly, in arrears, on a calendar year basis, in an amount equal to .375% per annum of the average unused portion of the Revolving Line, as determined by Bank. Borrower shall not be entitled to any credit, rebate or
repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder;
and 
  

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 (c) Bank Expenses. All Bank Expenses (including reasonable attorneys’ fees and
expenses, plus expenses, for documentation and negotiation of this Agreement) incurred through and after the Effective Date, when due. 
 3 CONDITIONS OF LOANS 
 3.1 Conditions Precedent to Initial Advance. Bank’s obligation to
make the initial Advance is subject to the condition precedent that Borrower shall consent to or have delivered, in form and substance satisfactory to Bank, such documents, and completion of such other matters, as Bank may reasonably deem necessary
or appropriate, including, without limitation: 
 (a) duly executed original signatures to the Loan Documents to which it is a
party; 
 (b) a good standing certificate of Borrower certified by the Secretary of State of the State of Delaware as of a date
no earlier than thirty (30) days prior to the Effective Date; 
 (c) certified copies, dated as of a recent date, of
financing statement searches, as Bank shall request, accompanied by written evidence (including any UCC termination statements) that the Liens indicated in any such financing statements either constitute Permitted Liens or have been or, in
connection with the initial Advance, will be terminated or released; and 
 (d) payment of the fees and Bank Expenses then due
as specified in Section 2.5 hereof. 
 3.2 Conditions Precedent to all Credit Extensions. Bank’s obligations to
make each Credit Extension, including the initial Credit Extension, is subject to the following: 
 (a) except as otherwise
provided in Section 3.4(a), timely receipt of an executed Payment/Advance Form; 
 (b) the representations and warranties
in Section 5 shall be true in all material respects on the date of the Payment/Advance Form and on the Funding Date of each Credit Extension; provided, however, that such materiality qualifier shall not be applicable to any representations and
warranties that already are qualified or modified by materiality in the text thereof; and provided, further that those representations and warranties expressly referring to a specific date shall be true, accurate and complete in all material
respects as of such date, and no Default or Event of Default shall have occurred and be continuing or result from the Credit Extension. Each Credit Extension is Borrower’s representation and warranty on that date that the representations and
warranties in Section 5 remain true in all material respects; provided, however, that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text
thereof; and provided, further that those representations and warranties expressly referring to a specific date shall be true, accurate and complete in all material respects as of such date; and 
 (c) in Bank’s sole discretion, there has not been any material impairment in the general affairs, management, results of operation,
financial condition or the prospect of repayment of the Obligations, or there has not been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank. 
 3.3 Covenant to Deliver. 
 Borrower agrees to deliver to Bank each item required to be delivered to Bank under this Agreement as a condition to any Credit Extension. Borrower expressly agrees that the extension of a Credit
Extension prior to the receipt by Bank of any such item shall not constitute a waiver by Bank of Borrower’s obligation to deliver such item, and any such extension in the absence of a required item shall be in Bank’s sole discretion.

 3.4 Procedures for Borrowing. 
 (a) Advances. Subject to the prior satisfaction of all other applicable conditions to the making of an Advance set forth in this Agreement, to obtain an Advance (other than Advances under Sections
2.1.2 or 2.1.4), Borrower shall notify Bank (which notice shall be irrevocable) by electronic mail, facsimile, or telephone

  

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by 12:00 p.m. Pacific time on the Funding Date of the Advance. Together with any such electronic or facsimile notification, Borrower shall deliver to Bank by electronic mail or facsimile a
completed Payment/Advance Form executed by a Responsible Officer or his or her designee. Bank may rely on any telephone notice given by a person whom Bank believes is a Responsible Officer or designee. Bank shall credit Advances to the Designated
Deposit Account. Bank may make Advances under this Agreement based on instructions from a Responsible Officer or his or her designee or without instructions if the Advances are necessary to meet Obligations which have become due. 
 4 CREATION OF SECURITY INTEREST 
 4.1 Grant of Security Interest. Borrower hereby grants Bank, to secure the payment and performance in full of all of the Obligations, a continuing security interest in, and pledges to Bank, the
Collateral, wherever located, whether now owned or hereafter acquired or arising, and all proceeds and products thereof. Borrower represents, warrants, and covenants that the security interest granted herein is and shall at all times continue to be
a first priority perfected security interest in the Collateral (subject only to Permitted Liens that may have superior priority to Bank’s Lien under this Agreement and to the provisions of Section 7.9 hereof). If Borrower shall acquire a
commercial tort claim, Borrower shall promptly notify Bank in a writing signed by Borrower of the general details thereof and grant to Bank in such writing a security interest therein and in the proceeds thereof, all upon the terms of this
Agreement, with such writing to be in form and substance reasonably satisfactory to Bank. 
 If this Agreement is terminated,
Bank’s Lien in the Collateral shall continue until the Obligations (other than inchoate indemnity obligations) are repaid in full in cash. Upon payment in full in cash of the Obligations and at such time as Bank’s obligation to make Credit
Extensions has terminated, Bank shall, at Borrower’s sole cost and expense, release its Liens in the Collateral and all rights therein shall revert to Borrower. 
 4.2 Authorization to File Financing Statements. Borrower hereby authorizes Bank to file financing statements, without notice to Borrower, with all appropriate jurisdictions to perfect or protect
Bank’s interest or rights hereunder, including a notice that any disposition of the Collateral, by either Borrower or any other Person, shall be deemed to violate the rights of Bank under the Code. 
 5 REPRESENTATIONS AND WARRANTIES 
 Borrower represents and warrants as follows: 
 5.1 Due Organization,
Authorization; Power and Authority. Borrower is duly existing and in good standing as a Registered Organization in its jurisdiction of formation and is qualified and licensed to do business and is in good standing in any jurisdiction in which
the conduct of its business or its ownership of property requires that it be qualified except where the failure to do so could not reasonably be expected to have a material adverse effect on Borrower’s business. In connection with this
Agreement, Borrower has delivered to Bank a completed certificate signed by Borrower, entitled “Perfection Certificate”. Borrower represents and warrants to Bank that (a) each Borrower’s exact legal name is that indicated on its
Perfection Certificate and on the signature page hereof; (b) each Borrower is an organization of the type and is organized in the jurisdiction set forth in its Perfection Certificate; (c) the Perfection Certificate accurately sets forth
each Borrower’s organizational identification number or accurately states that Borrower has none; (d) the Perfection Certificate accurately sets forth each Borrower’s place of business, or, if more than one, its chief executive office
as well as each Borrower’s mailing address (if different than its chief executive office); (e) each Borrower (and each of its predecessors) has not, in the past five (5) years, changed its jurisdiction of formation, organizational
structure or type, or any organizational number assigned by its jurisdiction; and (f) all other information set forth on the Perfection Certificate pertaining to each Borrower and each of its Subsidiaries is accurate and complete (it being
understood and agreed that Borrower may from time to time update certain information in the Perfection Certificate after the Effective Date to the extent permitted by one or more specific provisions in this Agreement). If Borrower is not now a
Registered Organization but later becomes one, Borrower shall promptly notify Bank of such occurrence and provide Bank with Borrower’s organizational identification number. 
 The execution, delivery and performance by Borrower of the Loan Documents to which it is a party have been duly authorized, and do not
(i) conflict with any of Borrower’s organizational documents, (ii) contravene, conflict with, constitute a default under or violate any material Requirement of Law, (iii) contravene, conflict or violate any applicable order,
writ, judgment, injunction, decree, determination or award of any Governmental Authority by which Borrower or any its Subsidiaries or any of their property or assets may be bound or affected,

  

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(iv) require any action by, filing, registration, or qualification with, or Governmental Approval from, any Governmental Authority (except such Governmental Approvals which have already been
obtained and are in full force and effect) or (v) constitute an event of default under any material agreement by which Borrower is bound. Borrower is not in default under any agreement to which it is a party or by which it is bound in which the
default could have a material adverse effect on Borrower’s business. 
 5.2 Collateral. Borrower has good title to,
has rights in, and the power to transfer each item of the Collateral upon which it purports to grant a Lien hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no deposit accounts other than the deposit accounts with
Bank, the deposit accounts, if any, described in the Perfection Certificate delivered to Bank in connection herewith, or of which Borrower has given Bank notice and taken such actions as are necessary to give Bank a perfected security interest
therein. The Accounts are bona fide, existing obligations of the Account Debtors. 
 The Collateral is not in the possession of
any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate. None of the components of the Collateral shall be maintained at locations other than as provided in the Perfection Certificate, unless Borrower
has given Bank written notice of such other locations. In the event that Borrower, after the date hereof, intends to store or otherwise deliver any portion of the Collateral to a bailee, then Borrower will first receive the written consent of Bank
and such bailee must execute and deliver a bailee agreement in form and substance satisfactory to Bank in its sole discretion. 
 All Inventory is in all material respects of good and marketable quality, free from material defects. 
 Except as
described in its Perfection Certificate, Borrower is the sole owner of its intellectual property, except for non-exclusive licenses granted to its customers in the ordinary course of business. Each patent is valid and enforceable, and no part of the
intellectual property has been judged invalid or unenforceable, in whole or in part, and to the best of Borrower’s knowledge, no claim has been made that any part of the intellectual property violates the rights of any third party except to the
extent such claim could not reasonably be expected to have a material adverse effect on Borrower’s business. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any material license or other agreement
with respect to which Borrower is the licensee (a) that prohibits or otherwise restricts Borrower from granting a security interest in Borrower’s interest in such license or agreement or any other property, or (b) for which a default
under or termination of could interfere with the Bank’s right to sell any Collateral. Borrower shall provide written notice to Bank within thirty (30) days of entering or becoming bound by any such license or agreement (other than
over-the-counter software that is commercially available to the public). Borrower shall take such steps as Bank requests to obtain the consent of, or waiver by, any person whose consent or waiver is necessary for (x) all such licenses or
agreements to be deemed “Collateral” and for Bank to have a security interest in it that might otherwise be restricted or prohibited by law or by the terms of any such license or agreement, whether now existing or entered into in the
future, and (y) Bank to have the ability in the event of a liquidation of any Collateral to dispose of such Collateral in accordance with Bank’s rights and remedies under this Agreement and the other Loan Documents. 
 5.3 Accounts Receivable. For any Eligible Account in any Borrowing Base Certificate, all statements made and all unpaid balances
appearing in all invoices, instruments and other documents evidencing such Eligible Accounts are and shall be true and correct and all such invoices, instruments and other documents, and all of Borrower’s Books are genuine and in all respects
what they purport to be. All sales and other transactions underlying or giving rise to each Eligible Account shall comply in all material respects with all applicable laws and governmental rules and regulations. Borrower has no knowledge of any
actual or imminent Insolvency Proceeding of any Account Debtor whose accounts are an Eligible Account in any Borrowing Base Certificate. To the best of Borrower’s knowledge, all signatures and endorsements on all documents, instruments, and
agreements relating to all Eligible Accounts are genuine, and all such documents, instruments and agreements are legally enforceable in accordance with their terms. 
 5.4 Litigation. Except as disclosed in its Perfection Certificate, there are no actions or proceedings pending or, to the knowledge of the Responsible Officers, threatened in writing by or against
Borrower or any of its Subsidiaries involving more than Five Hundred Thousand Dollars ($500,000.00). 
 5.5 No Material
Deviation in Financial Statements. All consolidated financial statements for Borrower and any of its Subsidiaries delivered to Bank fairly present in all material respects Borrower’s consolidated financial condition and Borrower’s
consolidated results of operations. There has not been any material deterioration in Borrower’s consolidated financial condition since the date of the most recent financial statements submitted to Bank. 
  

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 5.6 Solvency. The fair salable value of Borrower’s assets (including goodwill
minus disposition costs) exceeds the fair value of its liabilities; Borrower is not left with unreasonably small capital after the transactions in this Agreement; and Borrower is able to pay its debts (including trade debts) as they mature.

 5.7 Regulatory Compliance. Borrower is not an “investment company” or a company “controlled” by an
“investment company” under the Investment Company Act. Borrower is not engaged as one of its important activities in extending credit for margin stock (under Regulations T and U of the Federal Reserve Board of Governors). Borrower has
complied in all material respects with the Federal Fair Labor Standards Act. Neither Borrower nor any of its Subsidiaries is a “holding company” or an “affiliate” of a “holding company” or a “subsidiary
company” of a “holding company” as each term is defined and used in the Public Utility Holding Company Act of 2005. Borrower has not violated any laws, ordinances or rules, the violation of which could reasonably be expected to have a
material adverse effect on its business. None of Borrower’s or any of its Subsidiaries’ properties or assets has been used by Borrower or any Subsidiary or, to the best of Borrower’s knowledge, by previous Persons, in disposing,
producing, storing, treating, or transporting any hazardous substance other than legally. Borrower and each of its Subsidiaries have obtained all consents, approvals and authorizations of, made all declarations or filings with, and given all notices
to, all Government Authorities that are necessary to continue their respective businesses as currently conducted. 
 5.8
Subsidiaries; Investments. Borrower does not own any stock, partnership interest or other equity securities except for Permitted Investments. 
 5.9 Tax Returns and Payments; Pension Contributions. Borrower has timely filed all required tax returns and reports, and Borrower has timely paid all foreign, federal, state and local taxes,
assessments, deposits and contributions owed by Borrower. Borrower may defer payment of any contested taxes, provided that Borrower (a) in good faith contests its obligation to pay the taxes by appropriate proceedings promptly and diligently
instituted and conducted, (b) notifies Bank in writing of the commencement of, and any material development in, the proceedings, (c) posts bonds or takes any other steps required to prevent the governmental authority levying such contested
taxes from obtaining a Lien upon any of the Collateral that is other than a “Permitted Lien”. Borrower is unaware of any claims or adjustments proposed for any of Borrower’s prior tax years which could result in additional taxes
becoming due and payable by Borrower. Borrower has paid all amounts necessary to fund all present pension, profit sharing and deferred compensation plans in accordance with their terms, and Borrower has not withdrawn from participation in, and has
not permitted partial or complete termination of, or permitted the occurrence of any other event with respect to, any such plan which could reasonably be expected to result in any liability of Borrower, including any liability to the Pension Benefit
Guaranty Corporation or its successors or any other governmental agency. 
 5.10 Use of Proceeds. Borrower shall use the
proceeds of the Credit Extensions solely as working capital and to fund its general business requirements and not for personal, family, household or agricultural purposes. 
 5.11 Full Disclosure. No written representation, warranty or other statement of Borrower in any certificate or written statement
given to Bank, as of the date such representation, warranty, or other statement was made, taken together with all such written certificates and written statements given to Bank, contains any untrue statement of a material fact or omits to state a
material fact necessary to make the statements contained in the certificates or statements not misleading (it being recognized by Bank that the projections and forecasts provided by Borrower in good faith and based upon reasonable assumptions are
not viewed as facts and that actual results during the period or periods covered by such projections and forecasts may differ from the projected or forecasted results). 
 6 AFFIRMATIVE COVENANTS 
 Borrower shall do all of the following:

 6.1 Government Compliance. 
 (a) Maintain its and all its Subsidiaries’ legal existence and good standing in their respective jurisdictions of formation and maintain qualification in each jurisdiction in which the failure to so
qualify would reasonably be expected to have a material adverse effect on Borrower’s business or operations. Borrower shall comply, and have each Subsidiary comply, with all laws, ordinances and regulations to which it is subject, noncompliance
with which could have a material adverse effect on Borrower’s business. 
  

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 (b) Obtain all of the Governmental Approvals necessary for the performance by Borrower of
its obligations under the Loan Documents to which it is a party and the grant of a security interest to Bank in all of its property. Borrower shall promptly provide copies of any such obtained Governmental Approvals to Bank. 
 6.2 Financial Statements, Reports, Certificates. 
 (a) Deliver to Bank: (i) as soon as available, but no later than five (5) days after filing with the Securities Exchange Commission, Borrower’s 10K, 10Q, and 8K reports; (ii) five
(5) days after filing Borrower’s 10K and 10Q reports with the Securities Exchange Commission, a Compliance Certificate together with delivery of the 10K and 10Q reports; (iii) as soon as available, but no later than thirty
(30) days after the last day of each quarter, a company prepared consolidating balance sheet and income statement covering Borrower’s and each of its Subsidiary’s operations during the period certified by a Responsible Officer and in
a form acceptable to Bank; provided however, if the Credit Extensions at any time exceed seventy percent (70%) of Eligible Accounts, then as soon as available, but no later than thirty (30) days after the last day of each month thereafter,
Borrower shall deliver to Bank a company prepared consolidating balance sheet and income statement covering Borrower’s and each of its Subsidiary’s operations during the period certified by a Responsible Officer and in a form acceptable to
Bank, together with a Compliance Certificate; (iv) a prompt report of any legal actions pending or threatened against Borrower or any Subsidiary that could result in damages or costs to Borrower or any Subsidiary of $500,000.00 or more; and
(v) budgets, sales projections, operating plans or other financial information Bank reasonably requests. 
 Borrower’s
10K, 10Q, and 8K reports required to be delivered pursuant to Section 6.2(a)(i) shall be deemed to have been delivered on the date on which Borrower posts such report or provides a link thereto on Borrower’s or another website on the
Internet; provided, that Borrower shall provide paper copies to Bank of the Compliance Certificates required by Section 6.2(a)(ii). 
 (b) If Advances under the Revolving Line (including any Credit Extensions pursuant to the provisions of Sections 2.1.2, 2.1.3, 2.1.4 and 2.1.5) exceed $1,000,000.00 or an Event of Default has occurred,
then within twenty (20) days after the last day of each month, deliver to Bank a duly completed Borrowing Base Certificate signed by a Responsible Officer, with (i) aged listings of accounts receivable and accounts payable (by invoice
date) and (ii) perpetual inventory reports for the Inventory valued on a first-in, first-out basis at the lower of cost or market (in accordance with GAAP) or such other inventory reports as are requested by Bank in its good faith business
judgment. The requirement to provide monthly a Borrowing Base Certificate, aged listings of accounts receivable and accounts payable and inventory reports will continue if the Revolving Line at any time exceeded $1,000,000.00 and is later reduced to
be at or below $1,000,000.00. 
 (c) Allow Bank to audit Borrower’s Collateral at Borrower’s expense. The initial
Collateral audit shall be conducted if the Credit Extensions at any time exceed the sum of $1,000,000.00 or a Default or an Event of Default has occurred and is continuing. Thereafter, such audits shall be conducted no more often than once every
twelve (12) months unless a Default or an Event of Default has occurred and is continuing. 
 6.3 Inventory;
Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date.
Borrower must promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Hundred Thousand Dollars ($100,000). 
 6.4 Taxes; Pensions. Make, and cause each of its Subsidiaries to make, timely payment of all foreign, federal, state, and local taxes or assessments (other than taxes and assessments which Borrower
is contesting pursuant to the terms of Section 5.9 hereof) and shall deliver to Bank, on demand, appropriate certificates attesting to such payments, and pay all amounts necessary to fund all present pension, profit sharing and deferred
compensation plans in accordance with their terms. 
 6.5 Insurance. Keep its business and the Collateral insured for
risks and in amounts standard for companies in Borrower’s industry and location and as Bank may reasonably request. Insurance policies shall be in a form, with companies, and in amounts that are satisfactory to Bank. All property policies shall
have a lender’s loss payable endorsement showing Bank as a lender loss payee and waive subrogation against Bank, and all liability

  

 Page 8 – LOAN AND SECURITY AGREEMENT 

 
policies shall show, or have endorsements showing, Bank as an additional insured. All policies (or the loss payable and additional insured endorsements) shall provide that the insurer shall
endeavor to give Bank at least twenty (20) days notice before canceling, amending, or declining to renew its policy. At Bank’s request, Borrower shall deliver certified copies of policies and evidence of all premium payments.
Notwithstanding the foregoing, (a) so long as no Event of Default has occurred and is continuing and so long as all of the insurance proceeds related to a loss or claim are less than $1,000,000.00, Borrower shall have the option of applying the
proceeds of any casualty policy up to $999,999.99, in the aggregate, toward the replacement or repair of destroyed or damaged property; provided that any such replaced or repaired property (i) shall be of equal or like value as the replaced or
repaired Collateral and (ii) shall be deemed Collateral in which Bank has been granted a first priority security interest, (b) after the occurrence and during the continuance of an Event of Default, all proceeds payable under such casualty
policy shall, at the option of Bank, be payable to Bank on account of the Obligations, and (c) if the insurance proceeds related to a loss or claim are equal to or greater than $1,000,000.00, all proceeds payable under such casualty policy
shall, at the option of Bank, be payable to Bank on account of the Obligations. If Borrower fails to obtain insurance as required under this Section 6.4 or to pay any amount or furnish any required proof of payment to third persons and Bank,
Bank may make all or part of such payment or obtain such insurance policies required in this Section 6.4, and take any action under the policies Bank deems prudent. 
 WARNING 
 Unless Borrower (“you” or “your”) provides
Bank (“us”, “we” or “our”) with evidence of the insurance coverage as required by our contract or loan agreement, we may purchase insurance at your expense to protect our interest. This insurance may, but need not, also
protect your interest. If the collateral becomes damaged, the coverage we purchase may not pay any claim you make or any claim made against you. You may later cancel this coverage by providing evidence that you have obtained property coverage
elsewhere. 
 You are responsible for the cost of any insurance purchased by us. The cost of this insurance may be added
to your contract or loan balance. If the cost is added to your contract or loan balance, the interest rate on the underlying contract or loan will apply to this added amount. The effective date of coverage may be the date your prior coverage lapsed
or the date you failed to provide proof of coverage. 
 This coverage we purchased may be considerably more expensive
than insurance you can obtain on your own and may not satisfy any need for property damage coverage or any mandatory liability insurance requirements imposed by applicable law. 
 6.6 Operating Accounts. 
 (a) Maintain all of its primary operating and other deposit accounts and securities accounts with Bank and Bank’s Affiliates, except for Borrower’s securities account at Merrill Lynch Pierce,
Fenner & Smith Incorporated and other operating accounts reasonably necessary to support Borrower’s retail operations. In the event the Revolving Line is terminated at the Borrower’s request prior to the Revolving Line Maturity
Date, Borrower shall continue to maintain its primary operating account with Bank at least until April 12, 2009. 
 (b)
Provide Bank five (5) days prior written notice before establishing any Collateral Account at or with any bank or financial institution other than Bank or Bank’s Affiliates. For each Collateral Account that Borrower at any time maintains,
Borrower shall cause the applicable bank or financial institution (other than Bank) at or with which any Collateral Account is maintained to execute and deliver a Control Agreement or other appropriate instrument with respect to such Collateral
Account to perfect Bank’s Lien in such Collateral Account in accordance with the terms hereunder. The provisions of the previous sentence shall not apply to deposit accounts exclusively used for payroll, payroll taxes and other employee wage
and benefit payments to or for the benefit of Borrower’s employees and identified to Bank by Borrower as such. In lieu of providing a Control Agreement with respect to Borrower’s securities account at Merrill Lynch Pierce,
Fenner & Smith Incorporated, Borrower shall provide to Bank the monthly account statement for such account within twenty (20) days after the end of each month. 
  

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 6.7 Financial Covenants. 
 Borrower shall maintain as of the last day of each quarter, on a consolidated basis with respect to Borrower and its Subsidiaries; provided
however if the Credit Extensions at any time exceed [the permitted Non-Formula Advances] plus seventy percent (70%) of Eligible Accounts, Borrower shall thereafter maintain such covenants as of the last day of each month: 
 (a) Adjusted Quick Ratio. A ratio of Quick Assets to Current Liabilities minus Deferred Revenue plus the long-term portion of all
Credit Extensions and the Commerzbank Loan of at least .75 to 1.0. 
 (b) Maximum Losses. Not suffer any EBITDA loss in
excess of $3,000,000.00 on a cumulative basis for all quarterly or monthly periods, as applicable, in calendar year 2009, and beginning in 2010, this covenant shall be calculated based on a rolling twelve-month period. 
 6.8 Protection of Intellectual Property Rights. Borrower shall: (a) protect, defend and maintain the validity and enforceability
of its intellectual property; (b) promptly advise Bank in writing of material infringements of its intellectual property; and (c) not allow any intellectual property material to Borrower’s business to be abandoned, forfeited or
dedicated to the public without Bank’s written consent. 
 6.9 Litigation Cooperation. From the date hereof and
continuing through the termination of this Agreement, make available to Bank, without expense to Bank, Borrower and its officers, employees and agents and Borrower’s books and records, to the extent that Bank may deem them reasonably necessary
to prosecute or defend any third-party suit or proceeding instituted by or against Bank with respect to any Collateral or relating to Borrower. 
 6.10 Further Assurances. Execute any further instruments and take further action as Bank reasonably requests to perfect or continue Bank’s Lien in the Collateral or to effect the purposes of
this Agreement. 
 7 NEGATIVE COVENANTS 
 Borrower shall not do any of the following without Bank’s prior written consent: 
 7.1 Dispositions. Convey, sell, lease, transfer or otherwise dispose of (collectively “Transfer”), or permit any of
its Subsidiaries to Transfer, all or any part of its business or property, except for: 
 (a) Transfers in the ordinary course
of business for reasonably equivalent consideration; 
 (b) Transfers to Borrower or any of its Subsidiaries from Borrower or
any of its Subsidiaries; 
 (c) Transfers of property in connection with sale-leaseback transactions; 
 (d) Transfers of property to the extent such property is exchanged for credit against, or proceeds are promptly applied to, the purchase
price of other property used or useful in the business of Borrower or its Subsidiaries; 
 (e) Transfers constituting
non-exclusive licenses and similar arrangements for the use of the property of Borrower or its Subsidiaries in the ordinary course of business and other non-perpetual licenses that may be exclusive in some respects other than territory (and/or that
may be exclusive as to territory only in discreet geographical areas outside of the United States), but that could not result in a legal transfer of Borrower’s title in the licensed property; 
 (f) Transfers otherwise permitted by the Loan Documents; 
 (g) sales or discounting of delinquent accounts in the ordinary course of business; 
 (h) Transfers associated with the making or disposition of a Permitted Investment; and 
 (i) Transfers in connection
with a permitted acquisition of a portion of the assets or rights acquired. 
  

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 7.2 Changes in Business; Change in Control; Jurisdiction of Formation. 
 Engage in any material line of business other than those lines of business conducted by Borrower and its Subsidiaries on the date hereof and
any businesses reasonably related, complementary or incidental thereto or reasonable extensions thereof; permit or suffer any Change in Control. Borrower will not, without prior written notice, change its jurisdiction of formation. 
 7.3 Mergers or Acquisitions. 
 Merge or consolidate, or permit any of its Subsidiaries to merge or consolidate, with any Person other than with Borrower or any Subsidiary, or acquire, or permit any of its Subsidiaries to acquire, all
or substantially all of the capital stock or property of a Person other than Borrower or any Subsidiary, except where no Event of Default has occurred and is continuing or would result from such action during the term of this Agreement, and
(a) (i) Borrower is the surviving entity or (ii) such merger or consolidation is a Transfer otherwise permitted pursuant to Section 7.1 hereof, and (b) any Indebtedness incurred by Borrower to pay the balance of the purchase
price or other consideration due in any merger, consolidation or acquisition is subordinated in right of payment to this Agreement pursuant to either a Subordination Agreement satisfactory to Bank or by inserting the subordination language set forth
in Exhibit G hereto in the promissory note or other agreement evidencing such Indebtedness. 
 7.4 Indebtedness. Create,
incur, assume, or be liable for any Indebtedness, or permit any Subsidiary to do so, other than Permitted Indebtedness and the guaranty by Sonic Innovations, Inc. (now known as OTIX Global, Inc.) of the Commerzbank Loan. 
 7.5 Encumbrance. Create, incur, allow, or suffer any Lien on any of its property, or assign or convey any right to receive income,
including the sale of any Accounts, or permit any of its Subsidiaries to do so, except for Permitted Liens, permit any Collateral not to be subject to the first priority security interest granted herein. 
 7.6 Maintenance of Collateral Accounts. Maintain any Collateral Account except pursuant to the terms of Section 6.6(b) hereof.

 7.7 Distributions; Investments. (a) Pay any dividends or make any distribution or payment or redeem, retire or
purchase any capital stock other than Permitted Distributions; or (b) directly or indirectly acquire or own any Person, or make any Investment in any Person, other than Permitted Investments, or permit any of its Subsidiaries to do so.

 7.8 Transactions with Affiliates. Directly or indirectly enter into or permit to exist any material transaction with
any Affiliate of Borrower except for (a) transactions that are in the ordinary course of Borrower’s business, upon fair and reasonable terms (when viewed in the context of any series of transactions of which it may be a part, if
applicable); or (b) transactions among Borrower and its Subsidiaries and among Borrower’s Subsidiaries so long as no Event of Default could result therefrom. 
 7.9 Subordinated Debt. Make or permit any payment on or amendments of any Subordinated Debt, except (a) payments pursuant to the terms of the Subordinated Debt; provided however that Borrower
may prepay any Subordinated Debt so long as no Default or Event of Default has occurred and is continuing and no Default or Event of Default would occur after giving effect to such prepayment; (b) payments made with Borrower’s capital
stock or other Subordinated Debt; or (c) amendments to Subordinated Debt so long as such Subordinated Debt remains subordinated in right of payment to this Agreement and any Liens securing such Subordinated Debt remain subordinate in priority
to Bank’s Lien hereunder; provided however that Liens on assets acquired by Borrower or any of its Subsidiaries in mergers or acquisitions permitted under Section 7.3 hereof to secure the Borrower’s or Subsidiaries’ Subordinated
Debt incurred to finance such merger or acquisition are not required to be subordinate to Bank’s Lien. Notwithstanding the foregoing, in no event may Borrower make any payment on any Subordinated Debt if a Default or Event of Default has
occurred and is continuing. 
 7.10 Compliance. Become an “investment company” or a company controlled by an
“investment company”, under the Investment Company Act of 1940 or undertake as one of its important activities extending credit to purchase or carry margin stock (as defined in Regulation U of the Board of Governors of the Federal Reserve
System), or use the proceeds of any Credit Extension for that purpose; fail to meet the minimum funding requirements of ERISA, permit a Reportable Event or Prohibited Transaction, as defined in ERISA, to occur; fail to comply with the Federal Fair
Labor Standards Act or violate any other law or regulation, if the violation could reasonably be expected to have a material adverse effect on Borrower’s business, or permit any of its Subsidiaries to

  

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do so; withdraw or permit any Subsidiary to withdraw from participation in, permit partial or complete termination of, or permit the occurrence of any other event with respect to, any present
pension, profit sharing and deferred compensation plan which could reasonably be expected to result in any liability of Borrower, including any liability to the Pension Benefit Guaranty Corporation or its successors or any other governmental agency.

 8 EVENTS OF DEFAULT 
 Any one of the following shall constitute an event of default (an “Event of Default”) under this Agreement: 
 8.1 Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three
(3) Business Days after such Obligations are due and payable (which three (3) day grace period shall not apply to payments due on the Revolving Line Maturity Date). During the cure period, the failure to cure the payment default is not an
Event of Default (but no Credit Extension will be made during the cure period); 
 8.2 Covenant Default. 
 (a) Borrower fails or neglects to perform any obligation in Sections 6.2, 6.4, 6.5, 6.6 or 6.7 or violates any covenant in Section 7; or

 (b) Borrower fails or neglects to perform, keep, or observe any other term, provision, condition, covenant or agreement
contained in this Agreement or any Loan Documents, and as to any default (other than those specified in this Section 8) under such other term, provision, condition, covenant or agreement that can be cured, has failed to cure the default within
ten (10) days after the occurrence thereof; provided, however, that if the default cannot by its nature be cured within the ten (10) day period or cannot after diligent attempts by Borrower be cured within such ten (10) day period,
and such default is likely to be cured within a reasonable time, then Borrower shall have an additional period (which shall not in any case exceed thirty (30) days) to attempt to cure such default, and within such reasonable time period the
failure to cure the default shall not be deemed an Event of Default (but no Credit Extensions shall be made during such cure period). Grace periods provided under this section shall not apply, among other things, to financial covenants or any other
covenants set forth in subsection (a) above; 
 8.3 Material Adverse Change. A Material Adverse Change
occurs; 
 8.4 Attachment. (a) Any material portion of Borrower’s assets is attached, seized, levied on, or
comes into possession of a trustee or receiver; (b) the service of process seeking to attach, by trustee or similar process, any funds of Borrower or of any entity under control of Borrower (including a Subsidiary) on deposit with Bank or any
Bank Affiliate; (c) Borrower is enjoined, restrained, or prevented by court order from conducting any part of its business; or (d) a notice of lien, levy, or assessment is filed against any of Borrower’s assets by any government
agency, and the same under clauses (a) through (d) hereof are not, within ten (10) days after the occurrence thereof, discharged or stayed (whether through the posting of a bond or otherwise); provided, however, no Credit Extensions
shall be made during any ten (10) day cure period; 
 8.5 Insolvency. (a) Borrower is unable to pay its debts
(including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty (30) days
(but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed); 
 8.6 Other Agreements. If Borrower fails to (a) make any payment that is due and payable with respect to any Material Indebtedness and such failure continues after the applicable grace or
notice period, if any, specified in the agreement or instrument relating thereto, or (b) perform or observe any other condition or covenant, or any other event shall occur or condition exist under any agreement or instrument relating to any
Material Indebtedness, and such failure continues after the applicable grace or notice period, if any, specified in the agreement or instrument relating thereto and the effect of such failure, event or condition is to cause the holder or holders of
such Material Indebtedness to accelerate the maturity of such Material Indebtedness or cause the mandatory repurchase of any Material Indebtedness; 
  

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 8.7 Judgments. One or more judgments, orders, or decrees for the payment of money in
an amount, individually or in the aggregate, of at least Two Hundred Fifty Thousand Dollars ($250,000) (not covered by independent third-party insurance as to which liability has been accepted by such insurance carrier) shall be rendered against
Borrower and shall remain unsatisfied, unvacated, or unstayed for a period of ten (10) days after the entry thereof (provided that no Credit Extensions will be made prior to the satisfaction, vacation, or stay of such judgment, order, or
decree); provided however that the Borrower’s pending judgment and lawsuits in Germany disclosed in Borrower’s Perfection Certificate are excluded from this Section 8.7 until all appeals therefrom have been exhausted or the time for
any further appeals has expired; 
 8.8 Misrepresentations. Borrower or any Person acting for Borrower makes any
representation, warranty, or other statement now or later in this Agreement, any Loan Document or in any writing delivered to Bank or to induce Bank to enter this Agreement or any Loan Document, and such representation, warranty, or other statement
is incorrect in any material respect when made; or 
 8.9 Subordinated Debt. A default or breach occurs under any
agreement between Borrower and any creditor of Borrower that signed a subordination, intercreditor, or other similar agreement with Bank, or any creditor that has signed such an agreement with Bank breaches any terms of such agreement. 

9 BANK’S RIGHTS AND REMEDIES 
 9.1 Rights and Remedies. While an Event of Default occurs and continues Bank may, without notice or demand, do any or all of the following: 
 (a) declare all Obligations immediately due and payable (but if an Event of Default described in Section 8.5 occurs all Obligations are
immediately due and payable without any action by Bank); 
 (b) stop advancing money or extending credit for Borrower’s
benefit under this Agreement or under any other agreement between Borrower and Bank; 
 (c) demand that Borrower
(i) deposits cash with Bank in an amount equal to the aggregate amount of any Letters of Credit remaining undrawn, as collateral security for the repayment of any future drawings under such Letters of Credit, and Borrower shall forthwith
deposit and pay such amounts, and (ii) pay in advance all Letter of Credit fees scheduled to be paid or payable over the remaining term of any Letters of Credit; 
 (d) terminate any FX Forward Contracts; 
 (e) settle or adjust disputes and claims
directly with Account Debtors for amounts on terms and in any order that Bank considers advisable, notify any Person owing Borrower money of Bank’s security interest in such funds, and verify the amount of such account; 
 (f) make any payments and do any acts it considers necessary or reasonable to protect the Collateral and/or its security interest in the
Collateral. Borrower shall assemble the Collateral if Bank requests and make it available as Bank designates. Bank may enter premises where the Collateral is located, take and maintain possession of any part of the Collateral, and pay, purchase,
contest, or compromise any Lien which appears to be prior or superior to its security interest and pay all expenses incurred. Borrower grants Bank a license to enter and occupy any of its premises, without charge, to exercise any of Bank’s
rights or remedies; 
 (g) apply to the Obligations any (i) balances and deposits of Borrower it holds, or (ii) any
amount held by Bank owing to or for the credit or the account of Borrower; 
 (h) ship, reclaim, recover, store, finish,
maintain, repair, prepare for sale, advertise for sale, and sell the Collateral. Bank is hereby granted a non-exclusive, royalty-free license or other right to use, without charge, Borrower’s labels, patents, copyrights, mask works, rights of
use of any name, trade secrets, trade names, trademarks, service marks, and advertising matter, or any similar property as it pertains to the Collateral, in completing production of, advertising for sale, and selling any Collateral and, in
connection with Bank’s exercise of its rights under this Section, Borrower’s rights under all licenses and all franchise agreements inure to Bank’s benefit; 
  

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 (i) place a “hold” on any account maintained with Bank and/or deliver a notice of
exclusive control, any entitlement order, or other directions or instructions pursuant to any Control Agreement or similar agreements providing control of any Collateral; 
 (j) demand and receive possession of Borrower’s Books; and 
 (k) exercise all
rights and remedies available to Bank under the Loan Documents or at law or equity, including all remedies provided under the Code (including disposal of the Collateral pursuant to the terms thereof). 
 9.2 Power of Attorney. Borrower hereby irrevocably appoints Bank as its lawful attorney-in-fact, exercisable upon the occurrence and
during the continuance of an Event of Default, to: (a) endorse Borrower’s name on any checks or other forms of payment or security; (b) sign Borrower’s name on any invoice or bill of lading for any Account or drafts against
Account Debtors; (c) settle and adjust disputes and claims about the Accounts directly with Account Debtors, for amounts and on terms Bank determines reasonable; (d) make, settle, and adjust all claims under Borrower’s insurance
policies; (e) pay, contest or settle any Lien, charge, encumbrance, security interest, and adverse claim in or to the Collateral, or any judgment based thereon, or otherwise take any action to terminate or discharge the same; and
(f) transfer the Collateral into the name of Bank or a third party as the Code permits. Borrower hereby appoints Bank as its lawful attorney-in-fact to sign Borrower’s name on any documents necessary to perfect or continue the perfection
of Bank’s security interest in the Collateral regardless of whether an Event of Default has occurred until all Obligations have been satisfied in full and Bank is under no further obligation to make Credit Extensions hereunder. Bank’s
foregoing appointment as Borrower’s attorney in fact, and all of Bank’s rights and powers, coupled with an interest, are irrevocable until all Obligations have been fully repaid and performed and Bank’s obligation to provide Credit
Extensions terminates. 
 9.3 Protective Payments. If Borrower fails to obtain the insurance called for by
Section 6.5 or fails to pay any premium thereon or fails to pay any other amount which Borrower is obligated to pay under this Agreement or any other Loan Document, Bank may obtain such insurance or make such payment, and all amounts so paid by
Bank are Bank Expenses and immediately due and payable, bearing interest at the then highest applicable rate, and secured by the Collateral. Bank will make reasonable efforts to provide Borrower with notice of Bank obtaining such insurance at the
time it is obtained or within a reasonable time thereafter. No payments by Bank are deemed an agreement to make similar payments in the future or Bank’s waiver of any Event of Default. 
 9.4 Application of Payments and Proceeds. Borrower shall have no right to specify the order or the accounts to which Bank shall
allocate or apply any payments required to be made by Borrower to Bank or otherwise received by Bank under this Agreement when any such allocation or application is not specified elsewhere in this Agreement. If an Event of Default has occurred and
is continuing, Bank may apply any funds in its possession, whether from Borrower account balances, payments, proceeds realized as the result of any collection of Accounts or other disposition of the Collateral, or otherwise, to the Obligations in
such order as Bank shall determine in its sole discretion. Any surplus shall be paid to Borrower or other Persons legally entitled thereto; Borrower shall remain liable to Bank for any deficiency. If Bank, in its good faith business judgment,
directly or indirectly enters into a deferred payment or other credit transaction with any purchaser at any sale of Collateral, Bank shall have the option, exercisable at any time, of either reducing the Obligations by the principal amount of the
purchase price or deferring the reduction of the Obligations until the actual receipt by Bank of cash therefor. 
 9.5
Bank’s Liability for Collateral. So long as Bank complies with reasonable banking practices regarding the safekeeping of the Collateral in the possession or under the control of Bank, Bank shall not be liable or responsible for:
(a) the safekeeping of the Collateral; (b) any loss or damage to the Collateral; (c) any diminution in the value of the Collateral; or (d) any act or default of any carrier, warehouseman, bailee, or other Person. Borrower bears
all risk of loss, damage or destruction of the Collateral. 
 9.6 No Waiver; Remedies Cumulative. Bank’s failure, at
any time or times, to require strict performance by Borrower of any provision of this Agreement or any other Loan Document shall not waive, affect, or diminish any right of Bank thereafter to demand strict performance and compliance herewith or
therewith. No waiver hereunder shall be effective unless signed by Bank and then is only effective for the specific instance and purpose for which it is given. Bank’s rights and remedies under this Agreement and the other Loan Documents are
cumulative. Bank has all rights and remedies provided under the Code, by law, or in equity. Bank’s exercise of one right or remedy is not an election, and Bank’s waiver of any Event of Default is not a continuing waiver. Bank’s delay
in exercising any remedy is not a waiver, election, or acquiescence. 
  

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 9.7 Demand Waiver. Borrower waives demand, notice of default or dishonor, notice of
payment and nonpayment, notice of any default, nonpayment at maturity, release, compromise, settlement, extension, or renewal of accounts, documents, instruments, chattel paper, and guarantees held by Bank on which Borrower is liable. 
 10 NOTICES 
 All notices, consents, requests, approvals, demands, or other communication (collectively, “Communication”) by any party to this Agreement or any other Loan Document must be in writing and shall be deemed to have been
validly served, given, or delivered: (a) upon the earlier of actual receipt and three (3) Business Days after deposit in the U.S. mail, first class, registered or certified mail return receipt requested, with proper postage prepaid;
(b) upon transmission, when sent by facsimile transmission; (c) one (1) Business Day after deposit with a reputable overnight courier with all charges prepaid; or (d) when delivered, if hand-delivered by messenger, all of which
shall be addressed to the party to be notified and sent to the address, facsimile number, or email address indicated below. Bank or Borrower may change its address or facsimile number by giving the other party written notice thereof in accordance
with the terms of this Section 10. 
  

			
	If to Borrower:	  	OTIX Global, Inc.
		  	2795 E. Cottonwood Parkway
		  	Suite 660
		  	Salt Lake City, UT 84121
		  	Attn: President and CEO
		  	Fax: 801.365.3002
		
	If to Bank:	  	Silicon Valley Bank
		  	8705 SW Nimbus, Suite 240
		  	Beaverton, OR 97008
		  	Attn: Ron Sherman
		  	Fax: 503.526.0818

 11 CHOICE OF LAW, VENUE, JURY TRIAL WAIVER AND JUDICIAL REFERENCE

 Oregon law governs the Loan Documents without regard to principles of conflicts of law. Borrower and Bank each submit to
the exclusive jurisdiction of the State and Federal courts in Multnomah County, Oregon; provided, however, that nothing in this Agreement shall be deemed to operate to preclude Bank from bringing suit or taking other legal action in any other
jurisdiction to realize on the Collateral or any other security for the Obligations, or to enforce a judgment or other court order in favor of Bank. Borrower expressly submits and consents in advance to such jurisdiction in any action or suit
commenced in any such court, and Borrower hereby waives any objection that it may have based upon lack of personal jurisdiction, improper venue, or forum non conveniens and hereby consents to the granting of such legal or equitable relief as is
deemed appropriate by such court. Borrower hereby waives personal service of the summons, complaints, and other process issued in such action or suit and agrees that service of such summons, complaints, and other process may be made by registered or
certified mail addressed to Borrower at the address set forth in Section 10 of this Agreement and that service so made shall be deemed completed upon the earlier to occur of Borrower’s actual receipt thereof or three (3) days after
deposit in the U.S. mails, proper postage prepaid. 
 TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, BORROWER AND BANK
EACH WAIVE THEIR RIGHT TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION ARISING OUT OF OR BASED UPON THIS AGREEMENT, THE LOAN DOCUMENTS OR ANY CONTEMPLATED TRANSACTION, INCLUDING CONTRACT, TORT, BREACH OF DUTY AND ALL OTHER CLAIMS. THIS WAIVER IS A
MATERIAL INDUCEMENT FOR BOTH PARTIES TO ENTER INTO THIS AGREEMENT. EACH PARTY HAS REVIEWED THIS WAIVER WITH ITS COUNSEL. 
 12 GENERAL PROVISIONS 
 12.1 Successors and Assigns. This Agreement binds and is for the benefit
of the successors and permitted assigns of each party. Borrower may not assign this Agreement or any rights or obligations under it without Bank’s prior written consent (which may be granted or withheld in Bank’s discretion). Bank has the
right,

  

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without the consent of or notice to Borrower, to sell, transfer, negotiate, or grant participation in all or any part of, or any interest in, Bank’s obligations, rights, and benefits under
this Agreement and the other Loan Documents. All references to Sonic Innovations, Inc. in the Loan Documents are amended to replace Sonic Innovations, Inc. with its successor, Otix Global, Inc. 
 12.2 Indemnification. Borrower agrees to indemnify, defend and hold Bank and its directors, officers, employees, agents, attorneys,
or any other Person affiliated with or representing Bank harmless against: (a) all obligations, demands, claims, and liabilities (collectively, “Claims”) asserted by any other party in connection with the transactions
contemplated by the Loan Documents; and (b) all losses or Bank Expenses incurred, or paid by Bank from, following, or arising from transactions between Bank and Borrower (including reasonable attorneys’ fees and expenses), except for
Claims and/or losses directly caused by Bank’s gross negligence or willful misconduct. 
 12.3 Time of Essence. Time
is of the essence for the performance of all Obligations in this Agreement. 
 12.4 Severability of Provisions. Each
provision of this Agreement is severable from every other provision in determining the enforceability of any provision. 
 12.5 Amendments in Writing; Integration. All amendments to this Agreement must be in writing and signed by both Bank and Borrower. This Agreement and the Loan Documents represent the entire agreement about this subject matter and
supersede prior negotiations or agreements. All prior agreements, understandings, representations, warranties, and negotiations between the parties about the subject matter of this Agreement and the Loan Documents merge into this Agreement and the
Loan Documents. 
 12.6 Counterparts. This Agreement may be executed in any number of counterparts and by different
parties on separate counterparts, each of which, when executed and delivered, are an original, and all taken together, constitute one Agreement. 
 12.7 Survival. All covenants, representations and warranties made in this Agreement continue in full force until this Agreement has terminated pursuant to its terms and all Obligations (other than
inchoate indemnity obligations and any other obligations which, by their terms, are to survive the termination of this Agreement) have been satisfied. The obligation of Borrower in Section 12.2 to indemnify Bank shall survive until the statute
of limitations with respect to such claim or cause of action shall have run. 
 12.8 Confidentiality. In handling any
confidential information, Bank shall exercise the same degree of care that it exercises for its own proprietary information, but disclosure of information may be made: (a) to Bank’s Subsidiaries or Affiliates; (b) to prospective
transferees or purchasers of any interest in the Credit Extensions (provided, however, Bank shall use commercially reasonable efforts to obtain such prospective transferee’s or purchaser’s agreement to the terms of this provision);
(c) as required by law, regulation, subpoena, or other order; (d) to Bank’s regulators or as otherwise required in connection with Bank’s examination or audit; and (e) as Bank considers appropriate in exercising remedies
under this Agreement. Confidential information does not include information that either: (i) is in the public domain or in Bank’s possession when disclosed to Bank, or becomes part of the public domain after disclosure to Bank; or
(ii) is disclosed to Bank by a third party, if Bank does not know that the third party is prohibited from disclosing the information. 
 12.9 Attorneys’ Fees, Costs and Expenses. In any action or proceeding between Borrower and Bank arising out of or relating to the Loan Documents, the prevailing party shall be entitled to
recover its reasonable attorneys’ fees and other costs and expenses incurred, in addition to any other relief to which it may be entitled, including without limitation its reasonable attorneys’ fees and other costs and expenses incurred at
trial, on appeal and in any arbitration or bankruptcy proceeding. 
 13 DEFINITIONS 
 13.1 Definitions. As used in this Agreement, the following terms have the following meanings: 
 “Account” is any “account” as defined in the Code with such additions to such term as may hereafter be made, and
includes, without limitation, all accounts receivable and other sums owing to Borrower. 
  

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 “Account Debtor” is any “account debtor” as defined in the
Code with such additions to such term as may hereafter be made. 
 “Advance” or
“Advances” means an advance (or advances) under the Revolving Line. 
 “Affiliate” of any
Person is a Person that owns or controls directly or indirectly the Person, any Person that controls or is controlled by or is under common control with the Person, and each of that Person’s senior executive officers, directors, partners and,
for any Person that is a limited liability company, that Person’s managers and members. 
 “Agreement” is
defined in the preamble hereof. 
 “Availability Amount” is (a) the lesser of (i) the Revolving Line
or (ii) the Borrowing Base minus (b) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit) plus an amount equal to the Letter of Credit Reserves, minus (c) the FX Reserve, minus
(d) the outstanding principal balance of any Advances (including any amounts used for Cash Management Services), and minus (e) the amount of the Asset Purchase Sublimit reserved for purchases of Accounts pursuant to an executed
Non-Recourse Receivables Purchase Agreement. Upon the occurrence of a Default or Event of Default, no Non-Formula Advances will be permitted. 
 “Bank” is defined in the preamble hereof. 
 “Bank
Expenses” are all audit fees and expenses, costs, and expenses (including reasonable attorneys’ fees and expenses) for preparing, amending, negotiating, administering, defending and enforcing the Loan Documents (including, without
limitation, those incurred in connection with appeals or Insolvency Proceedings) or otherwise incurred with respect to Borrower. 
 “Bankruptcy-Related Defaults” is defined in Section 9.1. 
 “Borrower” is
defined in the preamble hereof 
 “Borrower’s Books” are all Borrower’s books and records including
ledgers, federal and state tax returns, records regarding Borrower’s assets or liabilities, the Collateral, business operations or financial condition, and all computer programs or storage or any equipment containing such information.

 “Borrowing Base” means (a) 70% of Eligible Accounts plus (b) the lesser of 30% of the value of
Borrower’s Eligible Inventory (valued at the lower of cost or wholesale fair market value) or $2,000,000.00 (the portion of the Borrowing Base determined under this subpart (b) may be referred to as the “Inventory Borrowing
Base”), as determined by Bank from Borrower’s most recent Borrowing Base Certificate; provided, however, that Bank may decrease the foregoing percentages in its good faith business judgment based on events, conditions, contingencies,
or risks which, as determined by Bank, may adversely affect Collateral. In no event shall the Inventory Borrowing Base exceed an amount equal to 30% of Eligible Accounts. 
 “Borrowing Base Certificate” is that certain certificate in the form attached hereto as Exhibit C. 
 “Borrowing Resolutions” are, with respect to any Person, those resolutions adopted by such Person’s Board of Directors and delivered by such Person to Bank approving the Loan
Documents to which such Person is a party and the transactions contemplated thereby, together with a certificate executed by its secretary on behalf of such Person certifying that (a) such Person has the authority to execute, deliver, and
perform its obligations under each of the Loan Documents to which it is a party, (b) that attached as Exhibit A to such certificate is a true, correct, and complete copy of the resolutions then in full force and effect authorizing and ratifying
the execution, delivery, and performance by such Person of the Loan Documents to which it is a party, (c) the name(s) of the Person(s) authorized to execute the Loan Documents on behalf of such Person, together with a sample of the true
signature(s) of such Person(s), and (d) that Bank may conclusively rely on such certificate unless and until such Person shall have delivered to Bank a further certificate canceling or amending such prior certificate. 
 “Business Day” is any day other than a Saturday, Sunday or other day on which banking institutions in the State of
California are authorized or required by law or other governmental action to close, except that if any determination of a “Business Day” shall relate to an FX Forward Contract, the term “Business Day” shall mean a day on which
dealings are carried on in the country of settlement of the foreign (i.e., non-Dollar) currency. 
  

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 “Cash Equivalents” means (a) marketable direct obligations issued or
unconditionally guaranteed by the United States or any agency or any State thereof having maturities of not more than one (1) year from the date of acquisition; (b) commercial paper maturing no more than one (1) year after its
creation and having the highest rating from either Standard & Poor’s Ratings Group or Moody’s Investors Service, Inc.; (c) Bank’s certificates of deposit issued maturing no more than one (1) year after issue; and
(d) money market funds at least ninety-five percent (95%) of the assets of which constitute Cash Equivalents of the kinds described in clauses (a) through (c) of this definition. 
 “Cash Management Services” is defined in Section 2.1.4. 
 “Change in Control” means any event, transaction, or occurrence as a result of which (a) any “person” (as
such term is defined in Sections 3(a)(9) and 13(d)(3) of the Securities Exchange Act of 1934, as an amended (the “Exchange Act”)), other than a trustee or other fiduciary holding securities under an employee benefit plan of
Borrower, is or becomes a beneficial owner (within the meaning Rule 13d-3 promulgated under the Exchange Act), directly or indirectly, of securities of Borrower, representing twenty-five percent (25%) or more of the combined voting power of
Borrower’s then outstanding securities; or (b) during any period of twelve consecutive calendar months, individuals who at the beginning of such period constituted the Board of Directors of Borrower (together with any new directors whose
election by the Board of Directors of Borrower was approved by a vote of at least two-thirds of the directors then still in office who either were directions at the beginning of such period or whose election or nomination for election was previously
so approved) cease for any reason other than death or disability to constitute a majority of the directors then in office. 
 “Code” is the Uniform Commercial Code, as the same may, from time to time, be enacted and in effect in the State of Oregon; provided, that, to the extent that the Code is used to define any term herein or in any Loan
Document and such term is defined differently in different Articles or Divisions of the Code, the definition of such term contained in Article or Division 9 shall govern; provided further, that in the event that, by reason of mandatory provisions of
law, any or all of the attachment, perfection, or priority of, or remedies with respect to, Bank’s Lien on any Collateral is governed by the Uniform Commercial Code in effect in a jurisdiction other than the State of Oregon, the term
“Code” shall mean the Uniform Commercial Code as enacted and in effect in such other jurisdiction solely for purposes on the provisions thereof relating to such attachment, perfection, priority, or remedies and for purposes of
definitions relating to such provisions. 
 “Collateral” is any and all properties, rights and assets of
Borrower described on Exhibit A. 
 “Collateral Account” is any Deposit Account, Securities Account, or
Commodity Account. 
 “Commerzbank Loan” means the loan made by Commerzbank AG to Sonic Innovations GmbH and
which Sonic Innovations, Inc. (now known as OTIX Global, Inc). has guaranteed or will guaranty, which guaranty shall not exceed €3,000,000.00. 
 “Commodity Account” is any “commodity account” as defined in the Code with such additions to such term as may hereafter be made. 
 “Communication” is defined in Section 10. 
 “Compliance Certificate” is that certain certificate in the form attached hereto as Exhibit D. 
 “Contingent Obligation” is, for any Person, any direct or indirect liability, contingent or not, of that Person for
(a) any indebtedness, lease, dividend, letter of credit or other obligation of another such as an obligation directly or indirectly guaranteed, endorsed, co-made, discounted or sold with recourse by that Person, or for which that Person is
directly or indirectly liable; (b) any obligations for undrawn letters of credit for the account of that Person; and (c) all obligations from any interest rate, currency or commodity swap agreement, interest rate cap or collar agreement,
or other agreement or arrangement designated to protect a Person against fluctuation in interest rates, currency exchange rates or commodity prices; but “Contingent Obligation” does not include endorsements in the ordinary course of
business. The amount of a Contingent Obligation is the stated or determined amount of the primary obligation for which the Contingent Obligation is made or, if not determinable, the maximum reasonably anticipated liability for it determined by the
Person in good faith; but the amount may not exceed the maximum of the obligations under any guarantee or other support arrangement. 
  

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 “Control Agreement” is any control agreement entered into among the
depository institution at which Borrower maintains a Deposit Account or the securities intermediary or commodity intermediary at which Borrower maintains a Securities Account or a Commodity Account, Borrower, and Bank pursuant to which Bank obtains
control (within the meaning of the Code) over such Deposit Account, Securities Account, or Commodity Account. 
 “Credit
Extension” is any Advance, Letter of Credit, FX Forward Contract, amount utilized for Cash Management Services or any other extension of credit by Bank for Borrower’s benefit. 
 “Current Liabilities” are all obligations and liabilities of Borrower to Bank, plus, without duplication, the aggregate
amount of Borrower’s Total Liabilities that mature within one (1) year. 
 “Default” means any event
which with notice or passage of time or both, would constitute an Event of Default. 
 “Default Rate” is
defined in Sections 2.4(b) and (c). 
 “Deferred Revenue” is all amounts received or invoiced in advance
of performance under contracts and not yet recognized as revenue. 
 “Deposit Account” is any
“deposit account” as defined in the Code with such additions to such term as may hereafter be made. 
 “Designated Deposit Account” is Borrower’s deposit account, account number 3300240635, maintained with Bank. 
 “Dollars,” “dollars” and “$” each mean lawful money of the United States. 
 “Domestic Subsidiary” means a Subsidiary organized under the laws of the United States or any state or territory thereof or the District of Columbia. 
 “EBITDA” shall mean (a) Net Income, plus (b) Interest Expense, plus (c) to the extent deducted in the
calculation of Net Income, depreciation expense, amortization and stock option expense and the impairment charge incurred in the first quarter of 2009 in the sum of $14,658,000.00, plus (d) income tax expense. 
 “Effective Amount” means with respect to any Advances on any date, the aggregate outstanding principal amount thereof after
giving effect to any borrowing and prepayments or repayments thereof occurring on such date. 
 “Effective
Date” is the date Bank executes this Agreement as indicated on the signature page hereof. 
 “Eligible
Accounts” means Accounts which arise in the ordinary course of Borrower’s business that meet all Borrower’s representations and warranties in Section 5.3. Bank reserves the right at any time after the Effective Date to adjust
any of the criteria set forth below and to establish new criteria in its good faith business judgment. Eligible Accounts shall not include: 
 (a) Accounts for which the Account Debtor has not been invoiced; 
 (b) Accounts
that the Account Debtor has not paid within ninety (90) days of invoice date; 
 (c) Accounts owing from an Account Debtor,
fifty percent (50%) or more of whose Accounts have not been paid within ninety (90) days of invoice date; 
 (d)
Accounts with credit balances over ninety (90) days from invoice date; 
  

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 (e) Accounts owing from an Account Debtor, including Affiliates, whose total obligations to
Borrower exceed twenty-five (25%) of all Accounts, for the amounts that exceed that percentage, unless Bank approves in writing; 
 (f) Accounts owing from an Account Debtor which does not have its principal place of business in the United States, except for Eligible Foreign Accounts; 
 (g) Accounts owing from an Account Debtor which is a federal, state or local government entity or any department, agency, or instrumentality thereof except for Accounts of the United States if Borrower
has assigned its payment rights to Bank and the assignment has been acknowledged under the Federal Assignment of Claims Act of 1940, as amended; 
 (h) Accounts owing from an Account Debtor to the extent that Borrower is indebted or obligated in any manner to the Account Debtor (as creditor, lessor, supplier or otherwise - sometimes called
“contra” accounts, accounts payable, customer deposits or credit accounts), with the exception of customary credits, adjustments and/or discounts given to an Account Debtor by Borrower in the ordinary course of its business; 
 (i) Accounts for demonstration or promotional equipment, or in which goods are consigned, or sold on a “sale guaranteed”,
“sale or return”, “sale on approval”, “bill and hold”, or other terms if Account Debtor’s payment may be conditional; 
 (j) Accounts for which the Account Debtor is Borrower’s Affiliate, officer, employee, or agent; 
 (k) Accounts in which the Account Debtor disputes liability or makes any claim (but only up to the disputed or claimed amount), or if the Account Debtor is subject to an Insolvency Proceeding, or becomes
insolvent, or goes out of business; 
 (l) Accounts owing from an Account Debtor with respect to which Borrower has received
Deferred Revenue (but only to the extent of such Deferred Revenue); 
 (m) Accounts subject to Permitted Liens, including,
without limitation, (i) Liens that secure Indebtedness of Borrower or any of its Subsidiaries to finance mergers or acquisitions permitted under Section 7.3 hereof; and (ii) preexisting Liens on assets acquired by Borrower or any of
its Subsidiaries in mergers or acquisitions permitted under Section 7.3 hereof; and 
 (n) Accounts for which Bank in its
good faith business judgment determines collection to be doubtful. 
 “Eligible Foreign Accounts” are Accounts
for which the Account Debtor does not have its principal place of business in the United States but are otherwise Eligible Accounts that are (a) covered by credit insurance satisfactory to Bank, less any deductible; (b) supported by
letter(s) of credit acceptable to Bank; or (c) that Bank approves in writing. 
 “Eligible
Inventory” means, at any time, the aggregate of Borrower’s Inventory that (a) consists of raw materials and finished goods, in good, new, and salable condition, which is not perishable, returned, consigned, obsolete, not sellable,
damaged, or defective, and is not comprised of demonstrative or custom inventory, works in progress, packaging or shipping materials, or supplies; (b) meets all applicable governmental standards; (c) has been manufactured in compliance
with the Fair Labor Standards Act; (d) is not subject to any Liens, except the first priority Liens granted or in favor of Bank under this Agreement or any of the other Loan Documents; (e) is located at the locations identified by Borrower
in the Perfection Certificate where it maintains Inventory (or any location permitted under Section 7.2); and (f) is otherwise acceptable to Bank in its good faith business judgment.  
 “Equipment” is all “equipment” as defined in the Code with such additions to such term as may hereafter be made,
and includes without limitation all machinery, fixtures, goods, vehicles (including motor vehicles and trailers), and any interest in any of the foregoing. 
 “ERISA” is the Employee Retirement Income Security Act of 1974, and its regulations. 
 “Event of Default” is defined in Section 8. 
  

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 “Foreign Currency” means lawful money of a country other than the United
States. 
 “Foreign Subsidiary” means any Subsidiary which is not a Domestic Subsidiary. 
 “Funding Date” is any date on which a Credit Extension is made to or on account of Borrower which shall be a
Business Day. 
 “FX Business Day” is any day when (a) Bank’s Foreign Exchange
Department is conducting its normal business and (b) the Foreign Currency being purchased or sold by Borrower is available to Bank from the entity from which Bank shall buy or sell such Foreign Currency. 
 “FX Forward Contract” is defined in Section 2.1.3. 
 “FX Reserve” is defined in Section 2.1.3. 
 “GAAP” is generally accepted accounting principles set forth in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public
Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other Person as may be approved by a significant segment of the accounting profession, which are applicable to the
circumstances as of the date of determination. 
 “General Intangibles” is all “general intangibles”
as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation, all copyright rights, copyright applications, copyright registrations and like protections in each work
of authorship and derivative work, whether published or unpublished, any patents, trademarks, service marks and, to the extent permitted under applicable law, any applications therefor, whether registered or not, any trade secret rights, including
any rights to unpatented inventions, payment intangibles, royalties, contract rights, goodwill, franchise agreements, purchase orders, customer lists, route lists, telephone numbers, domain names, claims, income and other tax refunds, security and
other deposits, options to purchase or sell real or personal property, rights in all litigation presently or hereafter pending (whether in contract, tort or otherwise), insurance policies (including without limitation key man, property damage, and
business interruption insurance), payments of insurance and rights to payment of any kind. 
 “Governmental
Approval” is any consent, authorization, approval, order, license, franchise, permit, certificate, accreditation, registration, filing or notice, of, issued by, from or to, or other act by or in respect of, any Governmental Authority.

 “Governmental Authority” is any nation or government, any state or other political subdivision thereof, any
agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative functions of or pertaining to government, any securities exchange and any
self-regulatory organization. 
 “Indebtedness” is (a) indebtedness for borrowed money or the deferred
price of property or services, such as reimbursement and other obligations for surety bonds and letters of credit, (b) obligations evidenced by notes, bonds, debentures or similar instruments, (c) capital lease obligations, and
(d) Contingent Obligations. 
 “Insolvency Proceeding” is any proceeding by or against any Person under
the United States Bankruptcy Code, or any other bankruptcy or insolvency law, including assignments for the benefit of creditors, compositions, extensions generally with its creditors, or proceedings seeking reorganization, arrangement, or other
relief. 
 “Interest Expense” means for any fiscal period, interest expense (whether cash or non-cash)
determined in accordance with GAAP for the relevant period ending on such date, including, in any event, interest expense with respect to any Credit Extension and other Indebtedness of Borrower and its Subsidiaries, including, without limitation or
duplication, all commissions, discounts, or related amortization and other fees and charges with respect to letters of credit and bankers’ acceptance financing and the net costs associated with interest rate swap, cap, and similar arrangements,
and the interest portion of any deferred payment obligation (including leases of all types). 
 “Inventory” is
all “inventory” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials,
work in process and finished products, including without limitation such inventory as is temporarily out of Borrower’s custody or possession or in transit and including any returned goods and any documents of title representing any of the
above. 
  

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 “Investment” is any beneficial ownership interest in any Person (including
stock, partnership interest or other securities), and any loan, advance or capital contribution to any Person. 
 “Letter of Credit” means a standby letter of credit issued by Bank or another institution based upon an application, guarantee, indemnity or similar agreement on the part of Bank as set forth in Section 2.1.2.

 “Letter of Credit Application” is defined in Section 2.1.2(a). 
 “Letter of Credit Reserve” has the meaning set forth in Section 2.1.2(d). 
 “Lien” is a claim, mortgage, deed of trust, levy, charge, pledge, security interest or other encumbrance of any kind,
whether voluntarily incurred or arising by operation of law or otherwise against any property. 
 “Loan
Documents” are, collectively, this Agreement, the Perfection Certificate, any note, or notes or guaranties executed by Borrower or any Guarantor, and any other present or future agreement between Borrower any Guarantor and/or for the
benefit of Bank in connection with this Agreement, all as amended, restated, or otherwise modified. 
 “Material Adverse
Change” is (a) a material impairment in the perfection or priority of Bank’s Lien in the Collateral or in the value of such Collateral; (b) a material adverse change in the business, operations, or condition (financial or
otherwise) of Borrower; (c) a material impairment of the prospect of repayment of any portion of the Obligations or (d) Bank determines, based upon information available to it and in its reasonable judgment, that there is a reasonable
likelihood that Borrower shall fail to comply with one or more of the financial covenants in Section 6 during the next succeeding financial reporting period. 
 “Net Income” means, as calculated on a consolidated basis for Borrower and its Subsidiaries for any period as at any date of determination, the net profit (or loss), after provision for
taxes, of Borrower and its Subsidiaries for such period taken as a single accounting period. 
 “Non-Formula
Advances” are defined in Section 2.1.1(a). 
 “Obligations” are Borrower’s obligation to pay
when due any debts, principal, interest, Bank Expenses and other amounts Borrower owes Bank now or later, whether under this Agreement, the Loan Documents, or otherwise, including, without limitation, all obligations relating to letters of credit
(including reimbursement obligations for drawn and undrawn letters of credit), cash management services, and foreign exchange contracts, if any, and including interest accruing after Insolvency Proceedings begin and debts, liabilities, or
obligations of Borrower assigned to Bank, and the performance of Borrower’s duties under the Loan Documents. 
 “Operating Documents” are, for any Person, such Person’s formation documents, as certified with the Secretary of State of such Person’s state of formation on a date that is no earlier than 30 days prior to the
Effective Date, and, (a) if such Person is a corporation, its bylaws in current form, (b) if such Person is a limited liability company, its limited liability company agreement (or similar agreement), and (c) if such Person is a
partnership, its partnership agreement (or similar agreement), each of the foregoing with all current amendments or modifications thereto. 
 “Other Equipment” is leasehold improvements, intangible property such as computer software and software licenses, equipment specifically designed or manufactured for Borrower, other
intangible property, limited use property and other similar property and soft costs approved by Bank, including taxes, shipping, warranty charges, freight discounts and installation expenses. 
 “Perfection Certificate” is defined in Section 5.1. 
  

 Page 22 – LOAN AND SECURITY AGREEMENT 

 “Permitted Distributions” means: 
 (a) purchases of capital stock from former employees, consultants and directors pursuant to repurchase agreements or other similar agreements
in an aggregate amount not to exceed $100,000.00 in any fiscal year provided that at the time of such purchase no Default or Event of Default has occurred and is continuing; 
 (b) distributions or dividends consisting solely of Borrower’s capital stock; 
 (c) purchases for value of any rights distributed in connection with any stockholder rights plan; 
 (d) purchases of capital stock or options to acquire such capital stock with the proceeds received from a substantially concurrent issuance
of capital stock or convertible securities; 
 (e) purchases of capital stock pledged as collateral for loans to employees;

 (f) purchases of capital stock in connection with the exercise of stock options or stock appreciation rights by way of
cashless exercise or in connection with the satisfaction of withholding tax obligations; 
 (g) purchases of fractional shares
of capital stock arising out of stock dividends, splits or combinations or business combinations; and 
 (h) the settlement or
performance of such Person’s obligations under any equity derivative transaction, option contract or similar transaction or combination of transactions. 
 “Permitted Indebtedness” is: 
 (a) Borrower’s Indebtedness to
Bank under this Agreement and any other Loan Document; 
 (b) (i) any Indebtedness that does not exceed $100,000.00 in
principal amount existing on the Effective Date, and (ii) any Indebtedness in excess of $100,000.00 in principal amount existing on the Effective Date and shown on the Perfection Certificate; 
 (c) Subordinated Debt; 
 (d) unsecured Indebtedness to trade creditors and with respect to surety bonds and similar obligations incurred in the ordinary course of business; 
 (e) guaranties of Permitted Indebtedness; 
 (f) Indebtedness incurred as a result
of endorsing negotiable instruments received in the ordinary course of business; 
 (g) Indebtedness consisting of interest
rate, currency, or commodity swap agreements, interest rate cap or collar agreements or arrangements designated to protect Borrower against fluctuations in interest rates, currency exchange rates, or commodity prices; 
 (h) Indebtedness between Borrower and any of its Subsidiaries or among any of Borrower’s Subsidiaries; 
 (i) Indebtedness with respect to documentary letters of credit; 
 (j) capitalized leases and purchase money Indebtedness not to exceed $250,000.00 in the aggregate in any fiscal year secured by Permitted
Liens; 
 (k) Indebtedness of entities acquired in any permitted merger or acquisition transaction; 
 (l) Indebtedness incurred by Borrower for the balance of the purchase price due to Audiology and Hearing Clinic, Nu-Sound Hearing Aid
Laboratory, Inc. and Accolade Enterprises Pty Ltd; DBA H.A.S. Hearing Aid Services, and any additional Indebtedness incurred by Borrower or any of its Subsidiaries in the acquisition of entities and/or assets in the ordinary course of business as
permitted under Section 7.3 hereof, so long as such additional Indebtedness is Subordinated Debt. 
  

 Page 23 – LOAN AND SECURITY AGREEMENT 

 (m) refinanced Permitted Indebtedness, provided that the amount of such Indebtedness is not
increased except by an amount equal to a reasonable premium or other reasonable amount paid in connection with such refinancing and by an amount equal to any existing, but unutilized, commitment thereunder. 
 “Permitted Investments” are: 
 (a) Investments existing on the Effective Date; 
 (b) (i) marketable
direct obligations issued or unconditionally guaranteed by the United States or its agencies or any State maturing within 18 months from its acquisition, (ii) commercial paper maturing no more than 2 years after its creation and having the
highest rating from either Standard & Poor’s Corporation or Moody’s Investors Service, Inc., and (iii) Bank’s certificates of deposit maturing no more than 2 years after issue; 
 (c) Investments approved by the Borrower’s Board of Directors or otherwise pursuant to a Board-approved investment policy; 

(d) Investments in or to Borrower or any of its Subsidiaries; 
 (e) Investments consisting of Collateral Accounts in the name of Borrower or any Subsidiary so long as Bank has a first priority, perfected
security interest in such Collateral Accounts; 
 (f) Investments consisting of extensions of credit to Borrower’s or its
Subsidiaries’ customers in the nature of accounts receivable, prepaid royalties or notes receivable arising from the sale or lease of goods, provision of services or licensing activities of Borrower; 
 (g) Investments received in satisfaction or partial satisfaction of obligations owed by financially troubled obligors; 
 (h) Investments acquired in exchange for any other Investments in connection with or as a result of a bankruptcy, workout, reorganization or
recapitalization; 
 (i) Investments acquired as a result of a foreclosure with respect to any secured Investment; and

 (j) Investments consisting of interest rate, currency, or commodity swap agreements, interest rate cap or collar agreements
or arrangements designated to protect a Person against fluctuations in interest rates, currency exchange rates, or commodity prices. 
 “Permitted Liens” are: 
 (a) (i) Liens securing Permitted Indebtedness described under clause
(b) of the definition of “Permitted Indebtedness” or (ii) Liens arising under this Agreement or other Loan Documents; 
 (b) Liens for taxes, fees, assessments or other government charges or levies, either not delinquent or being contested in good faith and for which Borrower maintains adequate reserves on its Books,
provided that no notice of any such Lien has been filed or recorded under the Internal Revenue Code of 1986, as amended, and the Treasury Regulations adopted thereunder; 
 (c) Liens (including with respect to capital leases) (i) on property (including accessions, additions, parts, replacements, fixtures,
improvements and attachments thereto, and the proceeds thereof) acquired or held by Borrower or its Subsidiaries incurred for financing such property (including accessions, additions, parts, replacements, fixtures, improvements and attachments
thereto, and the proceeds thereof) other than Accounts, Inventory, and Financed Equipment, or (ii) existing on property (and accessions, additions, parts, replacements, fixtures, improvements and attachments thereto, and the proceeds thereof)
when acquired other than Accounts, Inventory, and Financed Equipment, if the Lien is confined to such property (including accessions, additions, parts, replacements, fixtures, improvements and attachments thereto, and the proceeds thereof);

  

 Page 24 – LOAN AND SECURITY AGREEMENT 

 (d) Liens incurred in the extension, renewal or refinancing of the indebtedness secured by
Liens described in (a) through (c), but any extension, renewal or replacement Lien must be limited to the property encumbered by the existing Lien and the principal amount of the indebtedness it secures may not increase; 
 (e) leases or subleases of real property granted in the ordinary course of business, and leases, subleases, non-exclusive licenses or
sublicenses of property (other than real property or intellectual property) granted in the ordinary course of Borrower’s business, if the leases, subleases, licenses and sublicenses do not prohibit granting Bank a security interest;

 (f) non-exclusive license of intellectual property granted to third parties in the ordinary course of business; 

(g) leases or subleases granted in the ordinary course of Borrower’s business, including in connection with Borrower’s leased
premises or leased property; 
 (h) Liens in favor of custom and revenue authorities arising as a matter of law to secure the
payment of custom duties in connection with the importation of goods; 
 (i) Liens on insurance proceeds securing the payment of
financed insurance premiums; 
 (j) customary Liens granted in favor of a trustee to secure fees and other amounts owing to such
trustee under an indenture or other similar agreement; 
 (k) Liens on assets acquired in mergers and acquisitions not
prohibited by Section 7 of this Agreement; 
 (l) Liens consisting of pledges of cash, cash equivalents or government
securities to secure swap or foreign exchange contracts or letters of credit; 
 (m) Liens arising from attachments or
judgments, orders, or decrees in circumstances not constituting an Event of Default under Sections 8.4 and 8.7; 
 (n) Liens in
favor of other financial institutions arising in connection with Borrower’s deposit or securities accounts held at such institutions; 
 (o) Liens of carriers, warehousemen, suppliers, or other Persons that are possessory in nature arising in the ordinary course of business so long as such Liens attach only to Inventory, securing
liabilities in the aggregate amount not to exceed $50,000.00 and which are not delinquent or remain payable without penalty or which are being contested in good faith and by appropriate proceedings which proceedings have the effect of preventing the
forfeiture or sale of the property subject thereto; 
 (p) Liens to secure payment of workers’ compensation, employment
insurance, old-age pensions, social security and other like obligations incurred in the ordinary course of business (other than Liens imposed by ERISA); and 
 (q) deposits to secure the performance of bids, trade contracts (other than for borrowed money), contracts for the purchase of property, leases, statutory obligations, surety and appeal bonds, performance
bonds and other obligations of a like nature, in each case, incurred in the ordinary course of business and not representing an obligation for borrowed money. 
 “Person” is any individual, sole proprietorship, partnership, limited liability company, joint venture, company, trust, unincorporated organization, association, corporation, institution,
public benefit corporation, firm, joint stock company, estate, entity or government agency. 
 “Prime Rate” is
Bank’s most recently announced “prime rate,” even if it is not Bank’s lowest rate. 
 “Quick
Assets” is, on any date, Borrower’s consolidated, unrestricted cash and Cash Equivalents with maturities of fewer than 18 months, and net billed accounts receivable determined according to GAAP. 
  

 Page 25 – LOAN AND SECURITY AGREEMENT 

 “Registered Organization” is any “registered organization” as
defined in the Code with such additions to such term as may hereafter be made 
 “Regulatory Change” means,
with respect to Bank, any change on or after the date of this Agreement in United States federal, state, or foreign laws or regulations, including Regulation D, or the adoption or making on or after such date of any interpretations, directives, or
requests applying to a class of lenders including Bank, of or under any United States federal or state, or any foreign laws or regulations (whether or not having the force of law) by any court or governmental or monetary authority charged with the
interpretation or administration thereof. 
 “Requirement of Law” is as to any Person, the organizational or
governing documents of such Person, and any law (statutory or common), treaty, rule or regulation or determination of an arbitrator or a court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its
property or to which such Person or any of its property is subject. 
 “Responsible Officer” is any of the
Chief Executive Officer, President, Chief Financial Officer and Controller of Borrower. 
 “Revolving Line” is
an Advance or Advances in an amount equal to Six Million Dollars ($6,000,000.00). 
 “Revolving Line Maturity
Date” is April 12, 2010. 
 “Securities Account” is any “securities account” as defined
in the Code with such additions to such term as may hereafter be made. 
 “Settlement Date” is defined in
Section 2.1.3. 
 “Subordinated Debt” is (a) Indebtedness incurred by Borrower subordinated to
Borrower’s Indebtedness owed to Bank and which is reflected in a written agreement in a manner and form reasonably acceptable to Bank and approved by Bank in writing, and (b) to the extent the terms of subordination do not change adversely
to Bank, refinancings, refundings, renewals, amendments or extensions of any of the foregoing. 
 “Subsidiary”
means, with respect to any Person, any Person of which more than 50.0% of the voting stock or other equity interests (in the case of Persons other than corporations) is owned or controlled directly or indirectly by such Person or one or more of
Affiliates of such Person. 
 “Total Liabilities” is on any day, obligations that should, under GAAP, be
classified as liabilities on Borrower’s consolidated balance sheet, including all Indebtedness, and current portion of Subordinated Debt permitted by Bank to be paid by Borrower, but excluding all other Subordinated Debt. 
 “Transfer” is defined in Section 7.1. 
 “Unused Revolving Line Facility Fee” is defined in Section 2.5(b). 
 UNDER OREGON LAW, MOST AGREEMENTS, PROMISES AND COMMITMENTS MADE BY BANK CONCERNING LOANS AND OTHER CREDIT EXTENSIONS WHICH ARE NOT FOR PERSONAL FAMILY OR HOUSEHOLD PURPOSES OR SECURED SOLELY BY THE BORROWER’S RESIDENCE MUST BE IN
WRITING, EXPRESS CONSIDERATION AND BE SIGNED BY BANK TO BE ENFORCEABLE. 
 [Signature page follows.]

  

 Page 26 – LOAN AND SECURITY AGREEMENT 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as
of the Effective Date. 
 BORROWER: 
 OTIX GLOBAL, INC. 
  

			
	By:	 	 /s/ Michael Halloran

	Name:	 	Michael Halloran
	Title:	 	Vice President and Chief Financial Officer

 BANK: 
 SILICON VALLEY BANK 
  

			
	By:	 	 /s/ Silicon Valley Bank

	Name:	 	Silicon Valley Bank
	Title:	 	  

	Effective Date:	 	  

 [Signature page to Loan and Security Agreement] 

 EXHIBIT A 
 The Collateral consists of all of Borrower’s right, title and interest in and to the following personal property: 
 All goods, Accounts (including health-care receivables), Equipment, Inventory, contract rights or rights to payment of money, leases, license agreements, franchise agreements, General Intangibles (except
as provided below), commercial tort claims, documents, instruments (including any promissory notes), chattel paper (whether tangible or electronic), cash, deposit accounts, fixtures, letters of credit rights (whether or not the letter of credit is
evidenced by a writing), securities, and all other investment property, supporting obligations, and financial assets, whether now owned or hereafter acquired, wherever located; and 
 all Borrower’s Books relating to the foregoing, and any and all claims, rights and interests in any of the above and all substitutions
for, additions, attachments, accessories, accessions and improvements to and replacements, products, proceeds and insurance proceeds of any or all of the foregoing. 
 Notwithstanding the foregoing, the Collateral does not include any of the following, whether now owned or hereafter acquired (a) more than 65% of the presently existing and hereafter arising issued
and outstanding shares of capital stock owned by Borrower of any Foreign Subsidiary which shares entitle the holder thereof to vote for directors or any other matter, or (b) any copyright rights, copyright applications, copyright registrations
and like protections in each work of authorship and derivative work, whether published or unpublished, any patents, patent applications and like protections, including improvements, divisions, continuations, renewals, reissues, extensions, and
continuations-in-part of the same, trademarks, service marks and, to the extent permitted under applicable law, any applications therefor, whether registered or not, and the goodwill of the business of Borrower connected with and symbolized thereby,
know-how, operating manuals, trade secret rights, rights to unpatented inventions, and any claims for damage by way of any past, present, or future infringement of any of the foregoing; provided, however, the Collateral shall include all Accounts,
license and royalty fees and other revenues, proceeds, or income arising out of or relating to any of the foregoing. 
 Pursuant
to the terms of a certain negative pledge arrangement with Bank, Borrower has agreed not to encumber any of its copyright rights, copyright applications, copyright registrations and like protections in each work of authorship and derivative work,
whether published or unpublished, any patents, patent applications and like protections, including improvements, divisions, continuations, renewals, reissues, extensions, and continuations-in-part of the same, trademarks, service marks and, to the
extent permitted under applicable law, any applications therefor, whether registered or not, and the goodwill of the business of Borrower connected with and symbolized thereby, know-how, operating manuals, trade secret rights, rights to unpatented
inventions, and any claims for damage by way of any past, present, or future infringement of any of the foregoing, without Bank’s prior written consent. 
  

 1 

 EXHIBIT B – LOAN PAYMENT/ADVANCE REQUEST FORM 
 DEADLINE FOR SAME DAY PROCESSING IS
NOON P.S.T.* 
  

			
	Fax To:	  	Date:
                            

  

			
	LOAN PAYMENT:	  	 
	 	  	OTIX GLOBAL, INC. and HEARINGLIFE USA, INC.
	 	 
	From Account #
                                         
                       	  	To Account #
                                         
                               
	                                        
(Deposit Account #)	  	        (Loan Account #)
	 	 
	Principal
$                                         
                                	  	and/or Interest
$                                         
                           
	 	 
	Authorized Signature:
                                         
                     	  	                Phone Number:
                                         
           
	 Print Name/Title:
                                         
                            
  
	  	 

  

			
	LOAN ADVANCE:	 	 
	 
	Complete Outgoing Wire Request section below if all or
a portion of the funds from this loan advance are for an outgoing wire.
	 	 
	From Account #
                                         
                           	 	To Account #
                                         
                             
	(Loan Account #)	 	        (Deposit Account #)
	 	 
	Amount of Advance
$                                         
                  	 	 
	 
	All Borrower’s representations and warranties in the Loan
and Security Agreement are true, correct and complete in all material respects on the date of the request for an advance; provided, however, that such materiality qualifier shall not be applicable to any representations and warranties that already
are qualified or modified by materiality in the text thereof; and provided, further that those representations and warranties expressly referring to a specific date shall be true, accurate and complete in all material respects as of such
date:
	 	 
	Authorized Signature:
                                         
                   	 	Phone Number:
                                         
                           
	Print Name/Title:
                                         
                              	 	 
	 	 	 

  

			
	OUTGOING
WIRE REQUEST:
	 
	Complete only if all or a portion of funds from the loan
advance above is to be wired.
	 Deadline
for same day processing is noon, P.S.T.

	 	 
	Beneficiary Name:
                                         
                           	 	Amount of Wire:
$                                         
                       
	Beneficiary Bank:
                                        
                             	 	Account Number:
                                         
                        
	City and State:
                                         
                                 	 	 
	 	 
	Beneficiary Bank Transit (ABA) #:
                                         
	 	Beneficiary Bank Code (Swift, Sort, Chip, etc.):
                
	 	 	 (For International Wire Only)

	 	 
	Intermediary Bank:
                                         
                          	 	Transit (ABA) #:
                                         
                         
	For Further Credit to:
                                         
                       	 	 
	 
	Special Instruction:
                                         
                                         
                                         
                                         
            
	 
	By signing below, I (we) acknowledge and agree that my
(our) funds transfer request shall be processed in accordance with and subject to the terms and conditions set forth in the agreements(s) covering funds transfer service(s), which agreements(s) were previously received and executed by me (us).

	 	 
	Authorized Signature:
                                         
                       	 	2nd Signature (if required):
                                         
           
	Print Name/Title:
                                         
                              	 	Print Name/Title:
                                         
                         
	Telephone #:
                                         
                                     	 	Telephone #:
                                         
                               
	 	 	 

  

	*	Unless otherwise provided for an Advance bearing interest at LIBOR. 

  

 1 

 EXHIBIT C 
 BORROWING BASE CERTIFICATE 
  
  
 Borrower: OTIX Global, Inc. and HEARINGLife USA, Inc.

 Lender: Silicon Valley Bank 
 Commitment Amount: $6,000,000.00 
  

					
	ACCOUNTS RECEIVABLE
	1.	  	Accounts Receivable (invoiced) Book Value as of
                                    	  	$                             
	2.	  	Additions (please explain on reverse)	  	$                             
	3.	  	TOTAL ACCOUNTS RECEIVABLE	  	$                             
		
	ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication)	  	
	4.	  	Un-invoiced Accounts	  	$                             
	5.	  	Amounts over 90 days due	  	$                             
	6.	  	Balance of 50% over 90 day accounts	  	$                             
	7.	  	Credit balances over 90 days	  	$                             
	8.	  	Concentration Limits	  	$                             
	9.	  	Foreign Accounts*	  	$                             
	10.	  	Governmental Accounts**	  	$                             
	11.	  	Contra Accounts	  	$                             
	12.	  	Promotion or Demo Accounts	  	$                             
	13.	  	Intercompany/Employee Accounts	  	$                             
	14.	  	Disputed Accounts	  	$                             
	15.	  	Deferred Revenue	  	$                             
	16.	  	Accounts subject to Permitted Liens	  	
	17.	  	Other (please explain on reverse)	  	$                             
	18.	  	TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS	  	$                             
	19.	  	Eligible Accounts (#3 minus #18)	  	$                             
	20.	  	ELIGIBLE AMOUNT OF ACCOUNTS (70% of #19)	  	$                             
	  
	  	
	 *       Except for Eligible Foreign Accounts
	  	
	 **     Except Government Accounts assigned under the Assignment of Claims
Act
	  	
		
	INVENTORY	  	
	21.	  	Eligible Inventory Value as of _______________	  	$                             
	22.	  	ELIGIBLE AMOUNT OF INVENTORY (Lesser of (a) 30% of #21; (b)	  	$                             
		  	$2,000,000.00; or 30% of #20)	  	
		
	BALANCES	  	
	23.	  	Maximum Loan Amount	  	$                             
	24.	  	Total Funds Available [Lesser of #23 or (#20 plus #22 plus permitted Non-Formula Advances)]	  	$                             
	25.	  	Present balance owing on Line of Credit	  	$                             
	26.	  	Outstanding under Sublimits or reserved under the Asset Purchase Sublimit	  	$                             
	27.	  	RESERVE POSITION (#24 minus #25 and #26)	  	$                             

 The undersigned represents and warrants that this is true, complete and correct, and that the
information in this Borrowing Base Certificate complies with the representations and warranties in the Loan and Security Agreement between the undersigned and Silicon Valley Bank. 
  

 1 

 EXHIBIT D 
 COMPLIANCE CERTIFICATE 
  

					
	TO:	  	SILICON VALLEY BANK	  	Date:                     
	FROM:	  	OTIX GLOBAL, INC. AND HEARINGLIFE USA, INC.	  	

 The undersigned authorized officer of OTIX Global, Inc. and HEARINGLife USA, Inc.
(collectively “Borrower”) certifies that under the terms and conditions of the Loan and Security Agreement between Borrower and Bank (the “Agreement”), (1) Borrower is in complete compliance for the period ending
                     with all required covenants except as noted below, (2) there are no Events of Default, (3) all representations
and warranties in the Agreement are true and correct in all material respects on this date except as noted below; provided, however, that such materiality qualifier shall not be applicable to any representations and warranties that already are
qualified or modified by materiality in the text thereof; and provided, further that those representations and warranties expressly referring to a specific date shall be true, accurate and complete in all material respects as of such date,
(4) Borrower, and each of its Subsidiaries, has timely filed all required tax returns and reports, and Borrower has timely paid all foreign, federal, state and local taxes, assessments, deposits and contributions owed by Borrower except as
otherwise permitted pursuant to the terms of Section 5.9 of the Agreement, and (5) no Liens have been levied or claims made against Borrower or any of its Subsidiaries relating to unpaid employee payroll or benefits of which Borrower has
not previously provided written notification to Bank. Attached are the required documents supporting the certification. The undersigned certifies that these are prepared in accordance with GAAP consistently applied from one period to the next except
as explained in an accompanying letter or footnotes. The undersigned acknowledges that no borrowings may be requested at any time or date of determination that Borrower is not in compliance with any of the terms of the Agreement, and that compliance
is determined not just at the date this certificate is delivered. Capitalized terms used but not otherwise defined herein shall have the meanings given them in the Agreement. 
 Please indicate compliance status by circling Yes/No under “Complies” column. 
  

					
	 Reporting Covenant
	  	 Required
	  	 Complies

			
	Quarterly financial statements with Compliance Certificate*	  	Quarterly within 30 days*	  	Yes  No
			
	10-Q, 10-K and 8-K + CC (with 10-Q and 10-K)	  	Within 5 days after filing with SEC	  	Yes  No
			
	Borrowing Base Certificate A/R and A/P Agings and Inventory reports	  	Monthly within 20 days**	  	Yes  No

  

	*	If the Credit Extensions at any time exceed the sum of permitted Non-Formula Advances plus seventy percent (70%) of Eligible Accounts, then Borrower shall
thereafter provide monthly financial statements within 30 days after the end of each month 

	**	Only if Advances (including any Credit Extensions pursuant to the provisions of Sections 2.1.2, 2.1.3, 2.1.4 and 2.1.5) exceed permitted Non-Formula Advances or have
exceeded permitted Non-Formula Advances or an Event of Default has occurred 

  

							
	 Financial Covenant
	  	 Required
	    	 Actual
	    	 Complies

	 Maintain on a Quarterly Basis:***
	  		    		    	
	 Minimum Adjusted Quick Ratio
	  	.75:1.0	    	          :1.0   	    	Yes  No
	 Maximum EBITDA Loss****
	  	$3,000,000	    	$            	    	Yes  No

  

	***	If the Credit Extensions at any time exceed the sum of permitted Non-Formula Advances plus seventy percent (70%) of Eligible Accounts, then Borrower shall
thereafter maintain each covenant as of the last day of each month 

	****	This covenant shall be calculated on a cumulative basis for calendar year 2009, and beginning January 1, 2010, this covenant shall be calculated on a rolling
twelve-month basis 

  

 1 

 Schedule 1 to Compliance Certificate 
 Financial Covenants of Borrower 
 In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. 
 Dated:                      
 I. Adjusted Quick Ratio (Section 6.7(a)) 
 Required: 0.75:1.00 
 Actual: 
  

					
	A.	  	Aggregate value of unrestricted cash or Cash Equivalents of Borrower with maturities of fewer than 18 months	  	$            
			
	B.	  	Aggregate value of the net billed accounts receivable of Borrower	  	$            
			
	C.	  	Quick Assets (the sum of lines A and B)	  	$            
			
	D.	  	Aggregate value of Obligations to Bank that matures within one (1) year	  	$            
			
	E.	  	 Aggregate value of other liabilities of Borrower (including all Indebtedness)
 that matures within one (1) year and current portion of Subordinated Debt permitted by Bank to be paid by Borrower
	  	$            
			
	F.	  	Current Liabilities (the sum of lines D and E)	  	$            
			
	G.	  	 Aggregate value of all amounts received or invoiced by Borrower in advance
 of performance under contracts and not yet recognized as revenue
	  	$            
			
	H.	  	Line F minus Line G	  	$            
			
	I.	  	Adjusted Quick Ratio (line C divided by line H)	  	            

 Is line I equal to or greater than 0.75:1:00? 
              No, not in compliance
                                         
                                         
                           Yes, in compliance 
  

 2 

 II. Maximum Losses (Section 6.7(b)) 
 Required: ($3,000,000) 
  

					
	A.	  	Cumulative Net Income of Borrower and its Subsidiaries to date for calendar year 2009. Beginning January 1, 2010, the Net Income of Borrower and its Subsidiaries for the
twelve (12) month period up and including the most recent quarter; however, if the Maximum Losses Covenant is reported monthly, then for the twelve (12) month period up to and including the most recent month	  	$            
			
	B.	  	(a) To the extent included in the determination of Net Income of Borrower and its Subsidiaries to date for calendar year 2009, or (b) to the extent included in the determination
of Net Income of Borrower and its Subsidiaries, beginning January 1, 2010, for the twelve (12) month period up and including the most recent quarter or, if the Maximum Losses Covenant is reported monthly, then for the twelve (12) month period up to
and including the most recent month:	  	
			
		  	1. The provision for income taxes	  	$            
			
		  	2. Depreciation expense	  	$            
			
		  	3. Amortization expense	  	$            
			
		  	4. Net Interest expense	  	$            
			
		  	5. Stock option expense	  	$            
			
		  	6. The impairment charge incurred in the first quarter of 2009 in the sum of $14,658,000.00	  	$            
			
		  	7. All non-cash income	  	$            
			
		  	8. The sum of lines 1 through 6 minus line 7	  	$            
			
	C.	  	EBITDA (line A plus line B.9)	  	            

 Is the loss in line C greater than ($3,000,000)? 
              Yes, not in compliance
                                         
                                         
                                   No, in compliance 
  

 3 

 EXHIBIT E 
 [Intentionally omitted] 
  

 1 

 EXHIBIT F 
 NON-RECOURSE RECEIVABLES PURCHASE AGREEMENT 
 This
NON-RECOURSE RECEIVABLES PURCHASE AGREEMENT (the “Agreement”), dated as of             , 200    , is between SILICON VALLEY BANK
(“Buyer”) having a place of business at 3003 Tasman Drive, Santa Clara, California 95054 and OTIX GLOBAL, INC., a Delaware Corporation, with its chief executive office at 2795 E. Cottonwood Parkway, Suite 660, Salt Lake City, UT
84121 and HEARINGLIFE USA, INC., a Delaware Corporation, with its chief executive office at                      (collectively
“Seller”). 
 1 DEFINITIONS. 
 When used herein, the following terms have the following meanings. 
 1.1 “Account Debtor” has the meaning set forth in the California Uniform Commercial Code and shall include any
person liable on any Purchased Receivable, including without limitation, any guarantor of the Purchased Receivable and any issuer of a letter of credit or banker’s acceptance. 
 1.2 “Adjustments” means all discounts, allowances, returns, disputes, counterclaims, offsets, defenses, rights of
recoupment, rights of return, warranty claims, or short payments, asserted by or on behalf of any Account Debtor with respect to any Purchased Receivable. 
 1.3 “Administrative Fee” means for any Purchase the percentage of the Total Purchased Receivables Amount set forth in the Schedule for such Purchase. 
 1.4 “Business Day” means any day other than a Saturday, Sunday, or other day on which banks in California are
required or authorized by law to close. 
 1.5 “Discount Rate” means for any Purchase the “Discount
Rate” set forth in the Schedule for such Purchase. 
 1.6 “Due Date” means for any Purchase the
“Due Date” set forth in the Schedule for such Purchase. 
 1.7 “Event of Default” has the
meaning set forth in Section 10 hereof. 
 1.8 “Insolvency Event” means, with respect to any
Account Debtor, (a) the commencement of a case, action or proceeding with respect to such Account Debtor before any court or other governmental authority relating to bankruptcy, reorganization, insolvency, liquidation, receivership,
dissolution, winding-up or relief of debtors, (b) such Account Debtor is generally not paying its debts when due, or (c) the making or commencement of any general assignment for the benefit of creditors, composition, marshaling of assets
for creditors, or other similar arrangement in respect of the creditors generally or any substantial portion of the creditors of such Account Debtor. 
 1.9 “Invoice Amount” means for any Purchase, the “Invoice Amount” set forth in the Schedule for such Purchase. 
 1.10 “Late Payment Settlement Fee” has the meaning set forth in Section 2.2. 
 1.11 “Late Payment Settlement Period” has the meaning set forth in Section 2.2. 
 1.12 “Open Amount” means the portion of any Purchased Receivable which has been pre-paid to the Seller. 

1.13 “Payment in Full” means for any Purchase that Buyer has received payments on account of the Purchased
Receivables under such Purchase equal to the Total Purchased Receivables Amount for such Purchase. 
 1.14 “Prime
Rate” means per annum rate of interest from time to time announced and made effective by Buyer as its Prime Rate (which rate may or may not be the lowest rate available from Buyer at any given time). 
  

 Page 1 – NON-RECOURSE RECEIVABLES PURCHASE AGREEMENT 

 1.15 “Purchase” means the purchase by Buyer from Seller of one or
more Purchased Receivables on a Purchase Date as listed in the Schedule applicable to such Purchase. 
 1.16
“Purchase Date” means for any Purchase the date set forth as the “Purchase Date” in the Schedule for such Purchase. 
 1.17 “Purchase Price” means for any Purchase the “Purchase Price” set forth on the Schedule for such Purchase. 
 1.18 “Purchased Receivables” means for any Purchase all those Receivables arising out of the invoices and other
agreements identified on the Schedule for such Purchase. 
 1.19 “Purchased Receivable Amount” means for
any Purchased Receivable, the “Invoice Amount” set forth with respect to such Purchased Receivable on the applicable Schedule minus the Open Amount. 
 1.20 “Receivables” means accounts, receivables, chattel paper, instruments, contract rights, documents, general intangibles, letters of credit, drafts, bankers acceptances, and
other rights to payment, and all proceeds thereof. 
 1.21 “Related Property” has the meaning as set
forth in Section 9 hereof. 
 1.22 “Repurchase Amount” has the meaning set forth in
Section 4.2 hereof. 
 1.23 “Schedule” means for each Purchase a schedule executed by the
parties in the form of Exhibit A hereto identifying the Purchased Receivables subject to such Purchase and setting forth financial and other details relating to such Purchase, all as contemplated by Exhibit A. 
 1.24 “Settlement Date” has the meaning set forth in Section 3.2 hereof. 
 1.25 “Total Purchased Receivables Amount” means for any Purchase the total of the Purchased Receivable Amounts for
all Purchased Receivables subject to such Purchase as set forth on the applicable Schedule. 
 2 PURCHASE AND SALE OF
RECEIVABLES. 
 2.1 Sale and Purchase. Subject to the terms and conditions of this Agreement, with respect to each
Purchase, effective on each applicable Purchase Date, Seller agrees to sell to Buyer and Buyer agrees to buy from Seller all right, title, and interest (but none of the obligations with respect to) of the Seller to the payment of all sums owing or
to be owing from the Account Debtors under each Purchased Receivable to the extent of the Purchased Receivable Amount for such Purchased Receivable. 
 Each purchase and sale hereunder shall be in the sole discretion of Buyer and Seller. In any event, Buyer will not (i) purchase any Receivables in excess of an aggregate outstanding amount exceeding
the lesser of                      ($        .00), or the Availability Amount (as that term is
defined in the Loan and Security Agreement between Buyer and Seller, including any amendments thereto), or (ii) purchase any Receivables under this Agreement after twenty-four months from the date of this Agreement. The purchase of each
Purchased Receivable may be evidenced by an assignment or bill of sale in a form acceptable to Buyer. 
 2.2 Purchase Price
and Related Matters. With respect to each Purchase: 
 (a) Payment of Purchase Price. On the Purchase Date, the
Purchase Price, less the Administrative Fee and legal fees, shall be paid by Buyer to Seller. 
 (b) Late Payment Settlement
Fee. If, for any reason, Payment in Full does not occur on or before the Due Date, then, upon the first to occur of Payment in Full, 90 days after the Due Date or the filing of a bankruptcy proceeding by or against the applicable Account Debtor
that failed to pay in full by the Due Date, and in addition to any other obligations of Seller hereunder, Seller shall pay to Buyer an amount which is equal to (i) the product of the Discount Rate and the average daily balance of the Total
Purchased Receivables Amount outstanding during the period from the Due Date until the first to occur of Payment in Full, 90 days after the Due Date or the

  

 Page 2 – NON-RECOURSE RECEIVABLES PURCHASE AGREEMENT 

 
filing of a bankruptcy proceeding by or against the applicable Account Debtor that failed to pay in full by the Due Date (the “Late Payment Settlement Period”) multiplied by (ii) a
fraction the numerator of which is the number of days in the Late Payment Settlement Period and the denominator of which is 360 (“Late Payment Settlement Fee”). 
 2.3 Nature of Transaction. It is the intent of the parties hereto that each purchase and sale of Receivables hereunder is and shall be a true sale of such Receivables for all purposes and not a
loan arrangement. Each such sale shall be, subject to the terms hereof, absolute and irrevocable, providing Buyer with the full risks and benefits of ownership of the Purchased Receivables (such that the Purchased Receivables would not be property
of the Seller’s estate in the event of the Seller’s bankruptcy). The parties agree that appropriate UCC financing statements have been or shall promptly be filed to reflect that Seller is the seller and Buyer is the purchaser of
Receivables hereunder. 
 3 COLLECTIONS, CHARGES AND REMITTANCES. 
 3.1 Application of Payments. All payments in respect of any Purchased Receivable, whether received from an Account Debtor or any other
source and whether received by Seller or Buyer, shall be the property of Buyer and Seller shall have no ownership interest therein. 
 3.2 Collection by Seller. In order to facilitate the collection of the Purchased Receivables in the ordinary course of business, Seller agrees to act as Buyer’s agent for collection of the Purchased Receivables. Accordingly,
Buyer hereby appoints the Seller its attorney-in-fact to ask for, demand, take, collect, sue for and receive all payments made in respect of the Purchased Receivables and to enforce all rights and remedies thereunder and designates Seller as
Buyer’s assignee for collection; provided that such appointment of Seller as such attorney-in-fact or assignee for collection may be revoked by Buyer at any time. Seller, as such attorney-in-fact, shall use due diligence and commercially
reasonable lawful efforts in accordance with its usual policies and practices to collect all amounts owed by the Account Debtors on each Purchased Receivable when the same become due. In the enforcement or the collection of Purchased Receivables,
Seller shall commence any legal proceedings only in its own name as an assignee for collection or on behalf of Buyer or, with Buyer’s prior written consent, in Buyer’s name. Seller shall have no obligation to commence any such legal
proceedings unless Buyer has agreed to share the legal fees and other expenses to be incurred in such proceedings on a basis which is acceptable to Seller. In no event shall Seller take any action which would make Buyer a party to any litigation or
arbitration proceeding without Buyer’s prior written consent. Until Buyer has received Payment in Full as to any Purchase, Seller shall (i) hold in trust for Buyer and turn over to Buyer forthwith upon receipt all payments made to Seller
by Account Debtors with respect to the Purchased Receivables subject to such Purchase and (ii) turn over to Buyer forthwith on receipt all instruments, chattel paper and other proceeds of the Purchased Receivables; provided that unless
an Event of Default has occurred and is continuing, Seller shall remit amounts received by Seller and due to Buyer on a weekly basis on Friday of each week (each a “Settlement Date”), commencing on the last business day of the second week
after the Purchase Date. On each Settlement Date, Seller shall deliver to Buyer a report, in form and substance acceptable to Buyer, of the account activity (including dates and amounts of payments) and changes in account status for each Purchased
Receivable. 
 3.3 No Obligation to Take Action. Buyer shall have no obligation to perform any of Seller’s
obligations under any Purchased Receivables or to take any action or commence any proceedings to realize upon any Purchased Receivables (including without limitation any defaulted Purchased Receivables), or to enforce any of its rights or remedies
with respect thereto. 
 4 NON-RECOURSE; REPURCHASE OBLIGATIONS. 
 4.1 Non-Recourse. Except as otherwise set forth in this Agreement, Buyer’s acquisition of Purchased Receivables from Seller
hereunder shall be without recourse against Seller. 
 4.2 Seller’s Agreement to Repurchase. Seller agrees to pay to
Buyer on demand, the full face amount, or any unpaid portion, of any Purchased Receivable: (A) with respect to such Purchase Receivable there has been any breach of warranty or representation set forth in Section 6.1 hereof (except
for breaches of warranty or representations which are permitted to be, and have been, cured pursuant to Section 7 hereof) or any breach of any covenant contained in this Agreement with respect to such Purchased Receivable; or
(B) with respect to such Purchased Receivable the Account Debtor asserts any discount, allowance, return, dispute, counterclaim, offset, defense, right of recoupment, right of return, warranty claim, or short payment (except for such matters as
are permitted to be, and have been, cured pursuant to Section 7 hereof); together with, in the case of (A) or (B), all

  

 Page 3 – NON-RECOURSE RECEIVABLES PURCHASE AGREEMENT 

 
reasonable attorneys’ and professional fees and expenses and all court costs incurred by Buyer in collecting such Purchased Receivable and/or enforcing its rights under, or collecting
amounts owed by Seller in connection with this Agreement (collectively, the “Repurchase Amount”). Upon such payment, the respective Purchased Receivables shall be deemed property of and owned solely by the Seller (and shall not be deemed
to be a Purchased Receivable hereunder). 
 4.3 Seller’s Payment of the Amounts Due Buyer. All amounts due from
Seller to Buyer shall be paid by Seller to Buyer in immediately available funds by fedwire to Buyer’s address for notices. 
 5 POWER OF ATTORNEY. 
 Seller does hereby irrevocably appoint Buyer and its successors and assigns as
Seller’s true and lawful attorney-in-fact, and hereby authorizes Buyer: (a) to sell, assign, transfer, pledge, compromise, or discharge the whole or any part of the Purchased Receivables; (b) to demand, collect, receive, sue, and give
releases to any Account Debtor for the monies due or which may become due upon or with respect to the Purchased Receivables and to compromise, prosecute, or defend any action, claim, case or proceeding relating to the Purchased Receivables,
including the filing of a claim or the voting of such claims in any bankruptcy case, all in Buyer’s name or Seller’s name, as Buyer may choose; (c) to prepare, file and sign Seller’s name on any notice, claim, assignment, demand,
draft, or notice of or satisfaction of lien or mechanics’ lien or similar document with respect to Purchased Receivables; (d) to notify all Account Debtors with respect to the Purchased Receivables to pay Buyer directly; (e) to
receive, open, and dispose of all mail addressed to Seller for the purpose of collecting the Purchased Receivables; (f) to endorse Seller’s name on any checks or other forms of payment on the Purchased Receivables; (g) to execute on
behalf of Seller any and all instruments, documents, financing statements and the like to perfect Buyer’s interests in the Purchased Receivables; and (h) to do all acts and things necessary or expedient, in furtherance of any such
purposes. 
 6 REPRESENTATIONS, WARRANTIES AND COVENANTS. 
 6.1 Receivables’ Warranties, Representations and Covenants. To induce Buyer to purchase the Purchased Receivables and to render
its services to Seller, and with full knowledge that the truth and accuracy of the following are being relied upon by the Buyer in determining whether to accept receivables as Purchased Receivables, Seller represents, warrants, covenants and agrees,
with respect to each Purchased Receivable, that, as of the date of the applicable Purchase pertaining to such Purchased Receivable: 
 (a) Seller is the absolute owner of each of the Purchased Receivables and has full legal right to sell, transfer and assign such receivables; 
 (b) The correct amount of each Purchased Receivable is as set forth on the applicable Schedule and is not in dispute; 
 (c) The payment of each Purchased Receivable is not contingent upon the fulfillment of any obligation or contract, and any and all obligations required of the Seller have been fulfilled as of the
applicable Purchase Date; 
 (d) Such Purchased Receivable is based on an actual sale and delivery of goods and/or services
actually rendered, is due no later than the applicable Due Date and is owing to Seller, is not past due or in default, has not been previously sold, assigned, transferred, or pledged, and is free of any and all liens, security interests and
encumbrances other than liens, security interests or encumbrances in favor of Buyer or any other division or affiliate of Silicon Valley Bank; 
 (e) There are no defenses, offsets, or counterclaims against such Purchased Receivable, and no agreement has been made under which the Account Debtor may claim any deduction or discount, except as
otherwise stated on the applicable Schedule; 
 (f) Seller and, to Seller’s knowledge, each Account Debtor set forth on the
applicable Schedule with respect to such Purchased Receivable, is not insolvent as that term is defined in the United States Bankruptcy Code and the California Uniform Commercial Code, and no such Account Debtor, to the knowledge of Seller, has
filed or had filed against it a voluntary or involuntary petition for relief under the United States Bankruptcy Code; and 
  

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 (g) No Account Debtor set forth on the applicable Schedule with respect to such Purchased
Receivable has objected to the payment for, or the quality or the quantity of the subject matter of, the Purchased Receivable, each such Account Debtor is liable for the amount set forth on such Schedule. 
 6.2 Additional Warranties, Representations and Covenants. In addition to the foregoing warranties, representations and covenants, to
induce Buyer to buy the Purchased Receivables, Seller hereby represents, warrants, covenants and agrees that: 
 (a) Seller will
not assign, transfer, sell, or grant, or permit any lien or security interest in any interest the Seller may have in any Purchased Receivables to or in favor of any other party, without Buyer’s prior written consent. 
 (b) Each Seller’s name, form of organization, chief executive office, and the place where the records concerning all Purchased
Receivables are kept is set forth at the beginning of this Agreement or, if located at any additional location, as set forth on a schedule attached to this Agreement, and Seller will give Buyer at least 10 days prior written notice if such name,
organization, chief executive office or records concerning Purchased Receivables is changed or added and shall execute any documents necessary to perfect Buyer’s interest in the Purchased Receivables. 
 (c) Seller shall (i) pay all of its normal gross payroll for employees, and all federal and state taxes, as and when due, including
without limitation all payroll and withholding taxes and state sales taxes; (ii) deliver at any time and from time to time at Buyer’s request, evidence satisfactory to Buyer that all such amounts have been paid to the proper taxing
authorities. 
 (d) Seller has not filed a voluntary petition for relief under the United States Bankruptcy Code or had filed
against it an involuntary petition for relief and is not contemplating or anticipating any such filing. 
 (e) If Payment in
Full of any Purchased Receivable has not occurred by the applicable Due Date, then Seller shall within 10 days of such date provide a written report to Buyer setting forth the reasons for such delay in payment. 
 (f) So long as any Purchased Receivable is outstanding, Seller shall deliver to Buyer [financial reporting]. 
 7 ADJUSTMENTS. 
 In the event any Adjustment or dispute is asserted by any Account Debtor, Seller shall promptly advise Buyer and Seller shall, subject to the Buyer’s approval, resolve such disputes and advise Buyer
of any Adjustments and promptly remit to Buyer the difference between the Invoice Amount on the Purchase Date and the Invoice Amount after such Adjustment. Unless Buyer has otherwise elected to exercise its rights under Section 4.2 hereof,
Buyer shall remain the absolute owner of any Purchased Receivable which is subject to Adjustment, and, until the amount of such adjustment (as set forth above) is paid by Seller to Buyer, any rejected, returned, or recovered personal property, with
the right to take possession thereof at any time, and if such possession is not taken by Buyer, Seller agrees to resell it for Buyer’s account at Seller’s expense with the proceeds made payable to Buyer. While Seller retains possession of
said returned goods and such goods are the property of Buyer, Seller shall segregate said goods and mark them “property of Silicon Valley Bank.” 
 8 INDEMNIFICATION. 
 (a) Seller hereby agrees that in the event any
Account Debtor is released from all or any part of its payment obligations with respect to any Purchased Receivable by reason of: (1) any act or omission of Seller not permitted by this Agreement or consented to in writing by Buyer; or
(2) the operation of any of the provisions of the documentation pertaining to such Purchased Receivables, which result in the termination of the Account Debtor’s obligation to pay all of any part of the Purchased Receivables, then, upon
the happening of any such event, Seller shall thereafter pay to Buyer on the date when the Account Debtor would otherwise have paid the Purchased Receivable to Buyer an amount equal to the lesser of (a) the amount of the Purchased Receivable
not payable by the Account Debtor as a result of such event and (b) the unpaid portion of the Purchased Receivable Amount for such Purchased Receivable. 
  

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 (b) Seller hereby agrees to pay, and to indemnify and hold harmless Buyer from and against,
any taxes which may at any time be asserted in respect of this transaction or the subject matter thereof (including, without limitation, any sales, occupational, excise, gross receipts, general corporation, personal property, privilege or license
taxes, but not including taxes imposed upon the Buyer with respect to its income arising out of this transaction) and costs, expenses and reasonable counsel fees in defending against the same, whether arising by reason of the acts to be performed by
Seller hereunder or imposed against Buyer, Seller, the property involved or otherwise; provided that with respect to any of the foregoing for which Seller shall be liable, Seller shall receive reasonably prompt notice from Buyer of this
assertion of any such taxes on Buyer of which Buyer has notice. 
 9 ADDITIONAL RIGHTS. 
 To secure the prompt payment and performance to Buyer of all of the Purchased Receivables and the obligations of Seller hereunder, Seller
hereby grants to Buyer a continuing lien upon and security interest in all of Seller’s now existing or hereafter arising rights and interest in the following, whether now owned or existing or hereafter created, acquired, or arising, and
wherever located (the “Related Property”): (A) Seller’s rights to any returned or rejected goods in respect of the Purchased Receivables, with respect to which Buyer has all the rights of any unpaid seller, including the rights
of replevin, claim and delivery, reclamation, and stoppage in transit; (B) All books and records pertaining to the Purchased Receivables or the foregoing goods; and (C) All proceeds of the foregoing, whether due to voluntary or involuntary
disposition, including insurance proceeds. Seller is not authorized to sell, assign, transfer or otherwise convey any interest in any Related Property without Buyer’s prior written consent. Seller agrees to sign UCC financing statements, in a
form acceptable to Buyer, and any other instruments and documents requested by Buyer to evidence, perfect, or protect the interests of Buyer in the Purchased Receivables and the Related Property. Seller agrees to deliver to Buyer the originals of
all instruments, chattel paper and documents evidencing or related to Purchased Receivables and Related Property. 
 10
DEFAULT. 
 The occurrence of any one or more of the following shall constitute an Event of Default hereunder:

 (a) Seller fails to pay any amount owed to Buyer as and when due; 
 (b) There shall be commenced by or against Seller any voluntary or involuntary case under the United States Bankruptcy Code, or any
assignment for the benefit of creditors, or appointment of a receiver or custodian for any of its assets; 
 (c) Seller shall
become insolvent in that its debts are greater than the fair value of its assets, or Seller is generally not paying its debts as they become due or is left with unreasonably small capital; 
 (d) Any involuntary lien, garnishment, attachment or the like is issued against or attaches to the Purchased Receivables or any Related
Property; 
 (e) Seller shall breach any covenant, agreement, warranty, or representation set forth herein, and the same is not
cured (whether pursuant to the provisions of Section 6 hereof, if applicable, or otherwise) to Buyer’s satisfaction within 10 days after Buyer has given Seller oral or written notice thereof; provided, that if such breach is
incapable of being cured it shall constitute an immediate default hereunder; 
 (f) Seller is not in compliance with, or
otherwise is in default under, any term of any document, instrument or agreement evidencing a debt, obligation or liability of any kind or character of Seller, now or hereafter existing, in favor of Buyer or any division or affiliate of Silicon
Valley Bank, regardless of whether such debt, obligation or liability is direct or indirect, primary or secondary, joint, several or joint and several, or fixed or contingent, together with any and all renewals and extensions of such debts,
obligations and liabilities, or any part thereof; or 
  

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 (g) An event of default shall occur under any guaranty executed by any guarantor of the
obligations of Seller to Buyer under this Agreement, or any material provision of any such guaranty shall for any reason cease to be valid or enforceable or any such guaranty shall be repudiated or terminated, including by operation of law.

 11 REMEDIES UPON DEFAULT. 
 Upon the occurrence of an Event of Default, Buyer has and may exercise all the rights and remedies under this Agreement and under applicable law, including the rights and remedies of a secured party under
the California Uniform Commercial Code, all the power of attorney rights described in Section 5 with respect to all Purchased Receivables and Related Property, and the right to collect, dispose of, sell, lease, use, and realize upon all
Purchased Receivables and all Related Property. 
 12 ACCRUAL OF INTEREST. 
 If any amount owed by Seller to Buyer hereunder is not paid when due, such amount shall bear interest from such date until paid at a per
annum rate equal to the Prime Rate plus 5.0%. 
 13 FEES, COSTS AND EXPENSES. 
 The Seller will pay to Buyer immediately upon demand all reasonable fees, costs and expenses (including reasonable fees of attorneys and
professionals and their costs and expenses) that Buyer incurs with any of the following: (a) preparing, negotiating, and administering, and enforcing this Agreement or any other agreement executed by Buyer and Seller in connection herewith,
including any amendments, waivers or consents in connection with any of the foregoing, (b) enforcing Buyer’s rights under, or collecting amounts owed by Seller to Buyer in connection with this Agreement, including, without limitation, to
enforce (i) Seller’s agreement to repurchase as set forth in Section 4.2, (ii) Seller’s payment of any amounts owing by Seller pursuant to Section 7 hereof, or (iii) Seller’s payment of any amounts owing by
Seller pursuant to Section 8 hereof, (c) enforcing any other rights against Seller or any guarantor, (d) protecting or enforcing its title to the Purchased Receivables or its security interest in the Related Property, and (e) the
representation of Buyer in connection with any bankruptcy case or insolvency proceeding involving Seller or any guarantor. Seller shall indemnify and hold Buyer harmless from and against any and all claims, actions, damages, costs, expenses, and
liabilities of any nature whatsoever arising in connection with any of the foregoing, except to the extent arising as a result of Buyer’s own gross negligence or willful misconduct. 
 14 SEVERABILITY, WAIVER, AND CHOICE OF LAW. 
 In the event that any provision of this Agreement is deemed invalid by reason of law, this Agreement will be construed as not containing such provision and the remainder of the Agreement shall remain in
full force and effect. If Buyer waives a default it may enforce a later default. Any consent or waiver under, or amendment of, this Agreement must be in writing. Nothing contained herein, or any action taken or not taken by Buyer at any time, shall
be construed at any time to be indicative of any obligation or willingness on the part of Buyer to amend this Agreement or to grant to Seller any waivers or consents. This Agreement has been transmitted by Seller to Buyer at Buyer’s office in
the state of California and has been executed and accepted by Buyer in the state of California. This Agreement shall be governed by and interpreted in accordance with the internal laws of the state of California. 
 15 NOTICES. 
 All notices shall be given to Buyer and Seller at the addresses or faxes set forth on the first page of this Agreement and shall be deemed to have been delivered and received: (a) if mailed, three calendar days after deposited in the
United States mail, first class, postage pre-paid, (b) one calendar day after deposit with an overnight mail or messenger service; or (c) on the same date of confirmed transmission if sent by hand delivery, telecopy, telefax or telex.

 16 JURY TRIAL. 
 SELLER AND BUYER EACH HEREBY (a) WAIVE THEIR RESPECTIVE RIGHTS TO A JURY TRIAL ON ANY CLAIM OR ACTION ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT, ANY RELATED AGREEMENTS, OR ANY OF THE
TRANSACTIONS CONTEMPLATED HEREBY OR

  

 Page 7 – NON-RECOURSE RECEIVABLES PURCHASE AGREEMENT 

 
THEREBY; (b) RECOGNIZE AND AGREE THAT THE FOREGOING WAIVER CONSTITUTES A MATERIAL INDUCEMENT FOR IT TO ENTER INTO THIS AGREEMENT; AND (c) REPRESENT AND WARRANT THAT IT HAS REVIEWED THIS
WAIVER, HAS DETERMINED FOR ITSELF THE NECESSITY TO REVIEW THE SAME WITH ITS LEGAL COUNSEL, AND KNOWINGLY AND VOLUNTARILY WAIVES ALL RIGHTS TO A JURY TRIAL. 
 17 TITLES AND SECTION HEADINGS. 
 The titles and section headings
used herein are for convenience only and shall not be used in interpreting this Agreement. 
 IN WITNESS WHEREOF, Seller and
Buyer have executed this Agreement under seal as of the date first written above. 
 SELLER: 
 OTIX GLOBAL, INC. 
  

			
	By	 	  

	Title	 	  

 HEARINGLIFE USA, INC. 
  

			
	By	 	  

	Title	 	  

 BUYER: 
 SILICON VALLEY BANK 
  

			
	By	 	  

	Title	 	  

  

 Page 8 – NON-RECOURSE RECEIVABLES PURCHASE AGREEMENT 

 SCHEDULE DATED
                     
 TO 
 NON-RECOURSE RECEIVABLES PURCHASE AGREEMENT 
 DATED AS OF <insert date of agreement> 
  

			
	Seller:	  	OTIX Global, Inc. and HEARINGLife USA, Inc.
		
	Buyer:	  	Silicon Valley Bank
		
	Purchase Date:	  	                            

		
	Due Date:	  	     days from Purchase Date
		
	Total Purchased Receivables:	  	$         (List of Receivables total)
		
	Discount Rate:	  	    %

 Purchase Price: $         (is
    % of the Total Purchased Receivables which is the straight discount of the Total Purchased Receivables discounted from the Due Date to the Purchase Date at the Discount Rate). 
 Administrative Fee: .50% multiplied by the Total Purchased Receivables that have Account Debtors with their principal places of business in
the United States and .75% multiplied by the Total Purchased Receivables that have Account Debtors with their principal places of business outside of the United States. 
 Interest: If Payment is not paid to Buyer by or before the Due Date with respect to any Purchased Receivable, Seller will reimburse Buyer for past-due interest expense on the outstanding
balance of the Purchased Receivable at the Prime Rate plus the applicable percentage set forth in the Amended and Restated Loan and Security Agreement between Seller and Buyer, including any amendments thereto from the Due Date through the earlier
of payment in full of the Purchased Receivable or ninety (90) days after the Due Date. 
 Seller warrants and represents that (a) its
warranties and representations in the Agreement are true and correct as of the date of this Schedule and (b) no Event of Default has occurred under the Agreement. 
 SELLER: OTIX GLOBAL, INC. 
  

			
	By:	 	  

	Title:	 	  

 SELLER: HEARINGLIFE USA, INC. 
  

			
	By:	 	  

	Title:	 	  

 BUYER: SILICON VALLEY BANK 
  

			
	By:	 	  

	Title:	 	  

  

 Page 9 – NON-RECOURSE RECEIVABLES PURCHASE AGREEMENT 

 EXHIBIT G 
 SUBORDINATION INSERT 
 All payments due under this Note are
subordinated to all of Borrower’s loans and other obligations to Silicon Valley Bank (“Bank”) existing now or later. Lender may receive regularly scheduled payments of interest and/or principal due under this Note only if the Lender
has not received written notice from the Borrower that an Event of Default (defined in the Borrower’s loan documents with Bank) has occurred, and is continuing. Neither this paragraph nor the payment terms of this Note may be amended or
modified without the prior written consent of the Bank, which consent shall not be unreasonably withheld. 
  

 Page 1 – SUBORDINATION INSERTLease agteement dated September 3, 2009

 Exhibit 10.2 
 LEASE 
 (Portion of Building) 
 THIS LEASE (hereinafter called the “Lease”) made and entered into as of the 3rd day of September, 2009 (the
“Effective Date”), by and between 
  

					
	Mikami Brothers,	  		  	Sonic Innovations, Inc.
	an Oregon Limited Partnership	  		  	a Utah corporation
	623 North 1250 West	  	and	  	2795 East Cottonwood Parkway #660
	Centerville, Utah 84014	  		  	Salt Lake City, UT 84121
	(“Landlord”)	  		  	(“Tenant”)

 W I T N E S S E T H: 
 A. Landlord owns the Building (as defined herein); 
 B. Tenant desires to lease a portion of the Building; and 
 C. The parties desire
to enter into this Lease; 
 NOW, THEREFORE, the parties hereto hereby covenant and agree as follows: 
 1. DEMISE; PREMISES: 
 1.1 Premises. 
 (a) For the Term defined in this Lease, Landlord does
hereby lease and demise to Tenant, and Tenant does hereby hire and take from Landlord, the following described premises in the building located at and commonly known as 4246 Riverboat Road (hereinafter called the “Building”)
situated in the city of Taylorsville, and State of Utah, to wit: 21,849 square feet of net rentable space on the third floor, as shown crosshatched on the floor plan(s) attached as EXHIBIT A (hereinafter called the
“Premises”); together with any and all appurtenances, rights, privileges and easements pertaining thereto including, but not limited to, the non-exclusive right to use in common with Landlord and other occupants of the Building such
elevators, stairways, corridors, entranceways, rest rooms, walkways, roadways, driveways, loading docks, parking facilities and other similar or related facilities as may exist in and about the Building and “Land” (as hereinafter
defined) and be generally available to all occupants of the Building or be reasonably necessary for Tenant’s use and enjoyment of the Premises for the purposes set out in Paragraph 2 hereof (hereinafter collectively called the “Common
Areas”). The Building is a 4-story building containing approximately 113,224 square feet of net rentable space, and the parcel of land upon which the Building is located (herein called “Land”) consists of approximately
6.527 acres. A plot plan of the Land, Building and other improvements is attached as EXHIBIT B. Landlord represents and warrants that Landlord is the fee owner of the Land and has full right and authority to lease the Premises to Tenant on
the terms and conditions set forth in this Lease. 

 (b) Landlord hereby assigns, transfers, and conveys to Tenant, AS IS, without warranty, the
furniture and equipment listed and described in EXHIBIT C (hereinafter called the “Personal Property”). 
 (c) Tenant shall also have the right to use during the Term (as defined herein) of this Lease, AS IS, without warranty, any cabling and data infrastructure existing at the Premises as of the Effective Date of this Lease. 
 (d) Landlord will provide an allowance of $0.10 per net rentable square foot at the Premises to cover the cost of a preliminary test fit by
Tenant’s architect. This allowance will be in the form of a credit against Rents otherwise owed hereunder by Tenant. 
 (e) The parties are exploring the possibility of expanding the Premises to include also a certain amount of space on the first/main floor or the third floor, as the case may be, of the Building for Information Technology infrastructure. If
the parties reach an agreement to so expand the Premises, then notwithstanding the foregoing provisions of this Paragraph 1.1 for all purposes of this Lease (including without limitation Paragraphs 1.1(a), 1.1(d), the calculation of Base Rent under
Paragraph 4.1, Additional Rent under Paragraph 4.2 and the calculation of Tenant’s Share, the TIA under Paragraph 7.1(a)) the net rentable square footage under this Lease shall be increased by such additional space on the first/main floor. The
parties shall memorialize, in an addendum to this Lease to be signed by both parties, any such agreed upon expansion of the Premises, consistent with the last sentence of Paragraph 38.8. 
 1.2 Condition of Premises. Tenant hereby accepts the Premises and the Personal Property AS IS, in their physical condition as of the
Commencement Date (as defined herein), subject to all applicable laws, ordinances, regulations, covenants, and restrictions; provided, however, that Tenant may alter the Premises in accordance with Paragraph 7 hereof. The taking of possession of the
Premises shall be conclusive evidence that Tenant accepts the Premises. Landlord shall have no obligation whatsoever to remove work stations and other items located in the Premises, nor to clean or prepare the Premises in any way. 
 1.3 Grant of Right. At any time during the Term of this Lease and provided Tenant is then not in default under this Lease, if
Landlord receives, and wishes to accept, a bona fide offer from a third party (“Offer”) to lease any space in the Building that is contiguous to the Premises on the third floor (the “Refusal Space”) Landlord shall,
subject and subordinate to any existing rights granted to other tenants in the Building, promptly following its determination that such Offer is acceptable, give Tenant written notice (the “RFR Notice”) that such Offer has been
received and specifying the price, terms and conditions of such Offer (the “RFR Offer Terms”). Tenant shall then have fifteen (15) calendar days after receipt of the RFR Notice to accept the RFR Offer Terms by giving written
notice to that effect to Landlord. If Tenant shall give such notice of acceptance to Landlord as aforesaid, the Refusal Space shall be added to and become a part of the Premises and shall be governed in all respects by the terms of this Lease except
that the Base Rent and Additional Rent shall be recalculated to take into consideration the RFR Offer Terms for the Refusal Space being incorporated into the Premises and the parties shall diligently work to amend the Lease. If Tenant shall reject
said terms and conditions or fail to give notice to Landlord within said fifteen (15) calendar day period, Landlord may proceed to lease the Refusal Space to such third party on the RFR Offer Terms, but not otherwise, and such waiver and
extinguishment shall not affect Tenant’s right of first refusal for any remaining portion of the Refusal Space. 

 1.4 Relocation Allowance. Landlord will provide an allowance of $1.00 per net
rentable square foot at the Premises to cover moving and associated relocation expenses for Tenant’s move to the Premises. This allowance will be in the form of a credit against Rents otherwise owed hereunder by Tenant. Tenant shall be
responsible, at its cost, for all moving expenses in excess of this allowance, and Tenant shall, at its sole cost, promptly restore and repair any portion of the Building that may be damaged or temporarily removed in connection with Tenant’s
moving expenses (including without limitation the installation of the sound rooms desired by Tenant). 
 2. USE:

 2.1 Permitted Use. Landlord represents and warrants to Tenant that use of the Premises for general business offices and
the research and development of hearing aids including sound proof rooms (“Tenant’s Intended Use”) is permitted by the Certificate of Occupancy issued for the Building and by all applicable laws, ordinances and regulations, and
that Tenant’s Intended Use of the Premises will not violate any restrictions imposed upon the Land, Building or Premises by deed or otherwise. 
 2.2 Landlord’s Consent. Tenant shall not use the Premises for any purpose other than Tenant’s Intended Use without the prior written consent of Landlord, which consent may be withheld by
Landlord in its reasonable discretion. 
 2.3 Restrictions. 
 (a) Tenant shall not conduct or give notice of any auction, liquidation, or going out of business sale on the Premises. Tenant will use the
Premises in a careful, safe and proper manner and will not commit waste, overload the floor or structure of the Premises or subject the Premises to use that would damage the Premises, ordinary and reasonable wear and tear excepted. 
 (b) Landlord acknowledges that Tenant intends to have various sound proof rooms in connection with Tenant’s Intended Use and as part
of the TI Alterations (as defined herein). However, the parties shall cooperate in providing information to a structural engineer, to be hired at Tenant’s sole cost, to assist the parties in determining the specifications of a sound room that
will not overload the floor and structure of the Premises. Tenant may elect to have the costs of the structural engineer counted as part of the TIA under Paragraph 7.1(a). The sound rooms shall not be permitted in the Premises, unless approved in
writing by a reputable structural engineer as not overloading the floor and structure of the Premises. Landlord suggests McNeil Engineering be used for this purpose. 

 (c) Tenant shall not permit any objectionable or unpleasant odors, smoke, dust, gas, noise,
or vibrations to emanate from the Premises, or take any other action that would constitute a nuisance or would disturb, unreasonably interfere with, or endanger Landlord or any tenants of the Building. Landlord represents that the immediately
foregoing sentence/covenant also appears in the existing leases of other tenants in the Building. 
 (d) Outside storage,
including without limitation, storage or trucks, is prohibited without Landlord’s prior written consent, which consent may be withheld by Landlord in its discretion. 
 (e) Tenant, at its sole expense, shall use and occupy the Premises, in compliance with all applicable laws, including, without limitation,
the Americans With Disabilities Act, orders, judgments, ordinances, regulations, codes, directives, permits, licenses, covenants and restrictions now or hereafter applicable to the Premises (collectively “Legal Requirements”).

 (f) Tenant will not use or permit the Premises to be used for any purpose or in any manner that would void Tenant’s or
Landlord’s insurance, increase the insurance risk, or cause the disallowance of any sprinkler credits. If any increase in the cost of any insurance on the Premises or the Building is caused by Tenant’s use or occupation of the Premises for
a purpose other than Tenant’s Intended Use, then Tenant shall pay the amount of such increase to Landlord, immediately upon receipt of a written request therefor from Landlord. 
 3. TERM; POSSESSION: 
 3.1 Term. The term of this Lease (the “Term”) is for a period of seventy-five (75) months commencing on the later of the following dates (the “Commencement
Date”): 
 (a) The date Tenant conducts business operations from the Premises; or 
 (b) The first business day of the week after Tenant’s receipt of a five (5) business day, factually correct notice that the TI
Alterations have been substantially completed or would have been substantially completed by Landlord had Tenant Delays (as defined herein) not occurred. The parties are targeting November 1, 2009 as the Commencement Date. 
 If, for any reason other than Tenant Delays or Force Majeure, Landlord cannot deliver possession of the Premises to Tenant within 45 days after the parties
have completed the Approved Plans (as defined in Paragraph 7.1(b) below) and have obtained a building permit for the TI Alterations from Taylorsville City, Tenant shall not be liable for Rent until Landlord delivers possession of the Premises to
Tenant. If, for any reason other than Tenant Delays or Force Majeure, Landlord cannot deliver possession of the Premises to Tenant within 60 days after the parties have completed the Approved Plans and have obtained a building permit for the TI
Alterations from Taylorsville City, 2009, and if Tenant is required to pay holdover rent under the terms of its existing lease, Landlord shall reimburse Tenant for the difference between the rent at Tenant’s current location and the Rent under
this Lease. 

 The Term shall end at midnight seventy-five (75) months following the Commencement Date (the
“Expiration Date”). For purposes of this Lease: (I) the term “Tenant Delays” means delays to completion of the TI Alterations caused by the negligent or intentional act or omission of Tenant, or its officer,
contractor, subcontractor, employee, or agent; and (II) the term “Force Majeure means circumstances beyond the control of a party (whether or not foreseen or foreseeable), including but not limited to, fires, floods, explosions, accidents, acts
of God, declared and undeclared wars, terrorist acts, riots, strikes, lockouts or other concerted acts of workmen, or any government act, omission, regulation, license, order, or rule. 
 3.2 Early Access. Notwithstanding the foregoing provisions, Tenant shall be allowed access to the Premises two (2) weeks before
the estimated Commencement Date in order to start moving furniture and fixtures into the Premises, and to commence alterations and improvements in accordance with Paragraph 7 hereof, provided that such early access by Tenant shall not interfere with
the construction of the TI Alterations (as defined in Paragraph 7). All provisions of this Lease shall apply to such 2-week period, except that Tenant shall owe no Rent under this Lease for such 2-week period. 
 4. RENT/SECURITY DEPOSIT: 
 4.1 Base Rent. During the Term, Tenant shall pay rent (the “Base Rent”) in the respective amounts shown in the table below in monthly installments as set forth below: 

 

					
	 Months
	 	 Base Rent Per Square Foot
	 	 Monthly Base Rent

	 1-3
	 	$00.00	 	$00.00
	 4-12
	 	16.00	 	29,132.00
	 13-15
	 	00.00	 	00.00
	 16-24
	 	17.00	 	30,952.75
	 25-27
	 	00.00	 	00.00
	 28-36
	 	18.00	 	32,773.50
	 37-39
	 	00.00	 	00.00
	 40-48
	 	19.00	 	34,594.25
	 49-60
	 	20.00	 	36,415.00
	 61-75
	 	21.00	 	38,235.75

 The first month’s Base Rent (otherwise owed at the beginning of month 4 of the Term), and the
first monthly installment of Additional Rent, shall be due and payable at the Effective Date of this Lease. Thereafter, monthly installments of Base Rent and Additional Rent shall be due and payable on or before the first day of each calendar month
during the Term of this Lease. Payments of Base Rent for any fractional calendar month shall be prorated. The obligation of Tenant to pay Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations.
Tenant shall have no right at any time to abate, reduce, or set-off any amounts against any Rent due hereunder except as may be expressly provided in this Lease. 

 4.2 Additional Rent. 
 (a) In addition to the Base Rent, Tenant shall also pay to Landlord, during the Term, as additional rent (the “Additional
Rent”), the excess of Tenant’s Share (as defined below) of the aggregate of all Operating Costs (as defined below) and Impositions (as defined in Paragraph 8 hereof) over Tenant’s Share of the aggregate of all Operating Costs and
Impositions in the Base Year (as defined below). Tenant shall have no obligation to pay any portion of Common Area upgrades to be made by Landlord prior to or during the Base Year (as defined below). 
 (b) In the event of any nonpayment of such Additional Rent, Landlord shall have the same rights and remedies available to it as with
respect to nonpayment of Base Rent. 
 (c) Definitions 
 (i) Operating Costs. The term “Operating Costs” means any and all expenses, costs, and disbursements incurred by
Landlord in owning, operating, maintaining, servicing, cleaning, and repairing the Land, Building and Premises (including without limitation the Common Areas) during the Term of this Lease and capital expenditures treated as an expense in accordance
with generally accepted accounting principles, consistently applied and in accordance with Paragraph 4.2(c)(ii)(oo) below. It is expressly agreed, however, that “Operating Costs” shall include, without limitation, those costs listed below
as “Included Costs,” and shall exclude, without limitation, those costs listed below as “Excluded Costs.” 
 (ii) Included Costs. The term “Included Costs” means the following costs which are included in the term “Operating Costs”: 
 (aa) Charges and fees for, and taxes on, the furnishing of water, sewer service, gas, fuel, electricity and other utility service to the Building; provided however, that: (I) if any of the utilities
shall be separately metered as provided for in Paragraph 5.2(a) hereof, the costs of such separately metered utilities to the Premises and to all other rentable space in the Building shall not be included in Operating Costs (however, the cost
of utility service to Common Areas shall be part of Included Costs); 
 (bb) Premiums for insurance required to be obtained and
maintained by Landlord, pursuant to Paragraph 9.3 hereof; 
 (cc) Costs of providing elevator, janitorial, and trash removal
service to the Building, and of maintaining the mechanical systems of the Building; provided, however, that if Tenant decides to provide its own janitorial service to the Premises as provided for in Paragraph 5.3 hereof, the costs of providing
janitorial service to the Premises shall no longer be included in Operating Costs, and the Base Rent shall thereafter be reduced by “Tenant’s Share” of the grossed up amount of janitorial costs shown on attached EXHIBIT D;
however, the costs of providing janitorial services to Common Areas shall, in such event, continue to be Included Costs. 

 (dd) Costs of maintaining, operating, repairing, servicing, and cleaning the landscaping,
walkways, roadways, parking lots and other Common Areas; 
 (ee) Costs of painting the Building and Common Areas; 

(ff) Costs of professional property management services, whether or not paid to any person having a leasehold or other interest in the
Land or Building; 
 (gg) Cost of Building supplies; 
 (hh) Costs of snow removal; 
 (ii) Costs of service contracts for the maintenance of equipment and machines; 
 (jj) Fees for all licenses and permits required for ownership and operation of the Building; 
 (kk) Sales, use, and
personal property taxes payable in connection with tangible personal property and services purchased for the management, operation, maintenance, repair, safety, cleaning, and administration of the Land, Building, or Premises; 
 (ll) Reasonable attorneys’ fees; 
 (mm) Reasonable accounting fees relating to the determination of Operating Costs and the various Building tenants’ shares thereof and the preparation of statements and accountings for tenants; and

 (nn) The purchase and replacement of landscaping services, plants, and shrubbery. 
 (oo) Other costs and expenses that under generally accepted accounting principles and practice consistently applied would be considered
normal maintenance, repair or operating costs; provided, however, that notwithstanding the foregoing, with respect to capital improvements the term “Operating Costs” shall mean only the annual amortization of those capital improvements
made after the Building is completed and after the Effective Date of this Lease and which either (x) reduce the annual Operating Costs otherwise anticipated to be incurred (but such annual amortization shall not exceed the amount of such annual
reduction in Operating Costs), or (y) cause the Building to be in compliance with any legal requirement which was not applicable to the Building as of the Effective Date of the Original Lease; provided further, that the cost of each such
capital improvement shall be amortized over the useful life thereof and only that portion attributable to a particular year shall be included in Operating Costs for that year. 

 (pp) Costs of providing the security personnel, if any, including equipping the Building
with a card reader system and enabling the Building to be electronically locked down during certain hours. If Landlord elects to provide security guard services, or an elevator security system, the costs of such (including installation and
maintenance with respect to the elevator security system) shall be Included Costs. 
 (iii) Excluded Costs. The term
“Excluded Costs” means the following costs which are excluded from the term “Operating Costs”: 
 (aa) Leasing commissions, free rent, lease takeover obligations, and other inducements, costs, disbursements and expenses incurred in connection with leasing space in the Building; 
 (bb) Payments of principal, interest and other costs relating to mortgages or deeds of trust or any other debt for borrowed money;

 (cc) Advertising and marketing costs and expenses and association dues; 
 (dd) Except as expressly provided in Paragraph 4.2(c)(ii)(oo) above covering annual amortization of these costs, any and all costs of a
capital nature including capital improvements and replacements incurred in connection with the Land or Building as determined under generally accepted accounting principles; 
 (ee) Costs, fines and penalties incurred because Landlord violated governmental law, rule or authority; 
 (ff) Costs incurred because the Landlord or another tenant violated the terms of any lease; 
 (gg) Rent and other payments pursuant to any ground or underlying leases; 
 (hh) Depreciation and amortization except as permitted in Paragraphs 4.2(c)(i) and 4.2(c)(ii)(oo) above; 
 (ii) Legal fees, costs, and disbursements (w) based upon or resulting from Landlord’s negligence or other tortious conduct,
(x) relating to the enforcement of any lease provisions except for enforcing any lease provisions for the benefit of the Building tenants generally, (y) relating to the defense of Landlord’s title to or interest in the Land or
Building, or (z) relating to the negotiation and preparation of tenant leases and related documents; 
 (jj) Reserves;

 (kk) Costs associated with the correction of defects (patent or latent) in the Building or
other improvements; 
 (ll) Costs incurred to test, survey, cleanup, contain, abate, remove or otherwise remedy Hazardous
Substances (as hereinafter defined) or asbestos containing materials; 
 (mm) Costs of items and resources for which a tenant
(including Tenant) reimburses Landlord or pays third parties; 
 (nn) Salaries and other compensation and fringe benefits paid
to all persons above the level of a Building manager; 
 (oo) Cost of repairs or replacements covered by insurance (or required
to be covered by insurance), warranty, litigation or settlement proceeds; 
 (pp) Costs incurred by Landlord to the extent that
Landlord is reimbursed by governmental agencies or entities; and 
 (qq) Landlord’s general corporate overhead and
administrative expenses, including accounting fees. 
 (v) Lease Year/Base Year. The term “Lease Year”
means the first twelve (12) months of the Term and each and every twelve-month period running from that anniversary date thereafter. The entire calendar year 2010 is sometimes referred to herein as the “Base Year.” 

(vi) Tenant’s Share. The term “Tenant’s Share” (x) means the percentage assigned to the Premises
for purposes of allocating Operating Costs and Impositions, and (y) represents the proportion which the net rentable square feet of the Premises bears to the net rentable square feet of the Building, and (z) shall be 19.2971%. 

 (d) Procedure. Periodically, Landlord shall submit statements to Tenant setting
forth all items of Operating Costs and Impositions in reasonable detail, consistent with the provisions of Paragraph 4.2(c) above, and Tenant shall pay to Landlord Tenant’s Share of Operating Costs and Impositions within forty-five
(45) days of receipt of said statement from Landlord, the amount stated thereon to be due pursuant to the terms of this Paragraph 4.2. Landlord shall keep and maintain complete and accurate books and records reflecting such Operating Costs and
Impositions for a period of at least two (2) years following the period in which Operating Costs and Impositions were incurred, and Tenant or its representatives shall have the right to inspect and audit such books and records relating to the
Operating Costs and Impositions and the statements issued by Landlord, upon reasonable notice, during normal business hours at Landlord’s office in the Building or, at Landlord’s option, at such other reasonable location that Landlord
might specify. Any payment of Additional Rent by Tenant shall be made without prejudice to any right of Tenant to dispute any item theretofore billed pursuant to the provisions of this Paragraph 4.2(d). 
 (e) Gross-Up. Notwithstanding any other provision of this Lease to the contrary, Operating Costs for any calendar year during which
actual occupancy of the Building is less than ninety-five percent (95%) of the Rentable Square Feet of the Building shall be appropriately adjusted to reflect ninety-five percent (95%) occupancy of the existing Rentable Square Feet of the
Building during such period. In determining Operating Costs, if any services or utilities are separately charged to tenants of the Building or others, Operating Costs shall be adjusted by Landlord to reflect the amount of expense which would have
been incurred for such services or utilities on a full time basis for normal Building operating hours. In no event shall the components of Operating Costs for any calendar year related to electrical costs be less than the components of Operating
Costs related to electrical costs in the Base Year. 
 4.3 Manner of Payment. All Base Rent payable pursuant to Paragraph
4.1 and all Additional Rent payable pursuant to Paragraph 4.2 (herein sometimes collectively called “Rent”) shall be paid when due to Landlord at its address first above written, unless Landlord shall designate some other payee or
address for the payment thereof by giving written notice to that effect to Tenant. All payments required to be made by Tenant to Landlord hereunder (or to such other party as Landlord may from time to time specify in writing) shall be made by
Electronic Fund Transfer (“EFT”) of immediately available U.S. funds before 11:00 a.m., Mountain Time, or by check at such place as Landlord may from time to time designate to Tenant in writing. A check will be considered as payment
only when and if it clears the bank. 
 4.4 Security Deposit. As security for Tenant’s faithful performance of this
Lease, Tenant will deposit with Landlord, concurrently with Tenant’s execution of this Lease, the sum of $0.00, which will be held and applied by Landlord toward the payment of all unpaid rents and additional rents, claims for damage, repairs,
costs, or breach, and all other expenses incurred by Landlord and for cleaning of the Premises after Tenant vacates the Premises. Landlord may apply such sums to the extent of all, if necessary, to compensate for such items or breaches hereunder.
Landlord will not be required to pay interest on any such deposit and will return any sums not so applied to Tenant within ninety (90) days after termination of this Lease. Notwithstanding the security deposit, Landlord will not be limited in
the amount of damages, claims or charges alleged by Landlord to be owed by Tenant. 

 5. UTILITIES AND SERVICES: 
 5.1 Utilities. 
 (a) Landlord shall, at its own cost and expense except to the extent otherwise expressly provided for in this Lease, furnish the following utilities and services in and to the Premises, to wit: (i) heat and air-conditioning as may be
required to maintain the Premises at comfortable temperatures during business hours as hereinafter defined; (ii) hot and cold water for ordinary cleaning, toilet, lavatory and drinking purposes; (iii) adequate elevator service as may be
required; (iv) such janitorial service as may be specified in attached EXHIBIT D; (v) electricity in amounts reasonably required for Tenant’s Intended Use; (vi) adequate sewer systems (storm and sanitary); and
(vii) if available, gas. 
 (b) Business hours shall be between the hours of 7:00 A.M. and 6:00 P.M. Monday through
Friday, excluding State and National holidays, and from 8:00 A.M. to 12:00 P.M. on Saturdays. Upon request of Tenant, Landlord shall furnish such utilities and services in excess of the above requirements and/or outside of business hours, but only
to the extent that same are available and only if Tenant agrees to pay the additional cost thereof. 
 5.2 Separate
Metering. 
 (a) Landlord may, at any time, at Landlord’s expense, such expense to be an Excluded Cost under Paragraph
4.2 hereof, cause any or all utilities to be separately furnished and metered to the Premises. 
 (b) To the extent that any
utility is separately furnished and metered to the Premises, Tenant shall be solely responsible for and promptly pay all charges for such separately metered utility as they are billed to Tenant by the utility company supplying same. The costs of any
separately metered utilities shall not be an Included Cost pursuant to Paragraph 4.2(c)(ii)(aa) hereof. 
 6. MAINTENANCE AND
REPAIRS: 
 6.1 Landlord Duties. Landlord shall, at its own cost and expense except to the extent otherwise expressly
provided for in this Lease, maintain the Premises and the entire Land and Building in a state of good condition and repair, including, but not limited to, the roof and every part thereof, the exterior of the Building, its structural parts, the
foundations and floor slabs, all load-bearing walls, the ceilings, floors and floor coverings, windows, the electrical and lighting systems, pipes and plumbing, storm and sanitary sewer systems, ventilating system, heating and air conditioning units
and/or systems, elevators, stairs and halls, loading doors, the grounds (including landscaping, parking areas, walkways, roadways and driveways) and all necessary apparatus, accessories and fixtures pertaining to said Land, Building and Premises.
However, any such repairs which are required by reason of any waste, misuse or negligence on the part of Tenant and which are not covered by insurance required to be carried by Landlord pursuant to Paragraph 9.3 hereof, shall be made by Landlord at
the expense of Tenant. The term “repair” shall include replacement as necessary. Landlord shall also keep the parking areas, driveways, roadways and walkways reasonably clear of ice and snow. 

 6.2 Tenant Maintenance. Tenant shall not commit any waste on or to the Premises and
shall keep the Premises in a clean, neat and orderly condition. 
 6.3 Timing. All repairs and replacements to be made
pursuant to the provisions of this Paragraph 6 shall be made within a reasonable time (depending on the nature of the required repair or replacement) after the party who is obligated to make such repair or replacement has actual or constructive
notice of the necessity for such repair or replacement. 
 7. ALTERATIONS: 
 7.1 Tenant Improvement Allowance. 
 (a) Landlord shall provide to Tenant an allowance (the “TIA”) for tenant improvements to the Premises (the “TI Alterations”) equal to $12.00 per net rentable square foot
of the Premises, for a total allowance of $262,188.00. Tenant may apply this TIA towards TI Alterations and, to the extent not used for TI Alterations, toward moving costs, furniture, cabling, or Rent abatement, at Tenant’s option. Landlord
will also be responsible to pay for the following costs associated with multi-tenanting the third floor of the Building: creation of common area separation and entry door for Tenant into the Premises. 
 (b) Landlord shall be responsible to oversee and manage the construction of the TI Alterations, in accordance with plans and specifications
to be approved in writing by both parties (the “Approved Plans”). Out-of-pocket fees and expenses incurred by Landlord in connection with such construction management shall be applied towards the TIA under Paragraph 7.1(a) above.
The parties shall confer together each week, during the construction of the TI Alterations, and fully cooperate, to coordinate the expenditure and use of the TIA and to ensure that Landlord and Tenant both receive (i) a detailed list and
accounting of costs and expenses that count towards use of the TIA; (ii) supporting documentation (including without limitation invoices and receipts) for each TIA cost or expense that counts towards the TIA; and (iii) lien releases with
respect to all such TIA costs and expenses paid to contractors, subcontractors, and material suppliers. Up to the TIA, Landlord shall pay all costs for TI Alterations directly to the billing party. Tenant shall be responsible for prompt payment
(directly or by way of reimbursement to Landlord, as determined by Landlord) for TI Alterations to the extent the aggregate cost thereof exceeds the TIA. 
 (c) The fees and costs paid to Tenant’s architect shall be deducted from and be treated as part of the TIA. 
 7.2 Landlord Approval. Tenant shall provide written plans and specifications to Landlord before commencing any remodel or modifications to the Premises, including those TI Alterations referenced in
Paragraph 7.1. Landlord must give its prior written consent to the plans and specifications before any modifications (including the TI Alterations) are made, which consent shall not be unreasonably withheld or delayed. Notwithstanding the foregoing
Tenant

 
shall be able to make any modifications after those referenced in Paragraph 7.1 above are completed without Landlord’s prior written consent that do not affect the Building systems or the
structural integrity of the Building and which cost less than $5,000.00 per modification project. All such work shall be done in a good and workmanlike manner and in accordance with all applicable laws. 
 7.3 Payment. Tenant shall not permit any lien to be placed against the Premises, the Land, or the Building, as a result of any
modifications to or remodeling of the Premises. Landlord shall have this same responsibility with respect to, and to the extent of, its construction management and payment obligations under Paragraph 7.1 above. 
 7.4 Removal. Consistent with the requirements of the foregoing paragraphs of this Paragraph 7, Tenant may remove from the Premises
any or all interior and non-structural fixtures and leasehold improvements included within the TI Alterations or within subsequent modifications, upgrades, and remodeling and any signage (whether or not interior or non-structural) at any time prior
to the expiration of the Term, provided that any damage caused by such removal shall be repaired by Tenant, at its expense. However, Tenant may not remove any exterior or structural improvements (except signage) without Landlord’s consent.
Fixtures and improvements not so removed shall become the property of Landlord upon Tenant’s surrender of the Premises. 
 7.5 Cost. Subject to Paragraph 9.4 and the insurance provisions contained therein Tenant shall bear the full cost of any repair or replacement to any part of the Building or Premises that results from damage caused by Tenant,
its agent, contractor, or invitee. 
 8. TAXES: 
 8.1 Real Estate Impositions. Landlord shall pay to the public officers charged with the collection thereof, before any fine or penalty
may be added thereto for the nonpayment thereof, all real estate taxes, assessments, and other governmental charges, general and special, ordinary and extraordinary, unforeseen as well as foreseen, of any kind and nature whatsoever in said
categories (all of which taxes, assessments, and other governmental charges are hereafter referred to as “Impositions”), that are assessed upon the Land and Building and become payable during the Term of this Lease; provided,
however, that if, by law, any such Impositions may at the option of the taxpayer be paid in installments (whether or not interest shall accrue on the unpaid balance of such Impositions), Landlord shall pay only such installments as shall become due
during the Term of this Lease. 
 8.2 Tenant’s Personal Property. Tenant shall be solely responsible to pay to the
public officers charged with the collection thereof, before any fine or penalty may be added thereto for the nonpayment thereof, all taxes assessed or levied against Tenant’s personal property located in or on the Premises. 

 9. INSURANCE AND INDEMNITY: 
 9.1. Tenant’s Insurance. Tenant, at its sole cost and expense, shall obtain and maintain in effect as long as this Lease remains
in effect and during such other time as Tenant occupies the Premises or any part thereof, insurance policies providing at least the following coverages: 
 (a) general liability insurance, in occurrence form, insuring Tenant against any and all liability for injury to or death of a person or persons, and for damage to or destruction of property, occasioned
by or arising out of or in connection with the use or occupancy of the Premises or the business operated by Tenant thereon, and including contractual liability coverage for Tenant’s indemnity obligations under this Lease (other than those
contained in Paragraph 25 hereof), to afford protection with a minimum combined single limit of liability of at least Two Million Dollars ($2,000,000) and including an endorsement naming Landlord as an additional insured; and 
 (b) worker’s compensation and similar insurance offering statutory coverage and containing statutory limits and employer’s
liability insurance in form and amount deemed reasonable by Tenant in the exercise of its prudent business judgment. 
 Such
policies will be maintained in companies having a “General Policyholders Rating” of at least B plus as set forth in the most current issue of “Best’s Insurance Guide,” and will be written as primary policy coverage and not
contributing with, or in excess of, any coverage which Landlord shall carry. Tenant shall deposit certificates of such required insurance with Landlord prior to the earlier to occur of (x) the Commencement Date of this Lease, or
(y) Tenant’s occupancy of the Premises, which certificates shall contain a provision stating that such policy or policies shall not be canceled or materially altered except after thirty (30) days’ written notice to Landlord.
Tenant shall have the right to provide the coverages required herein under blanket policies provided that the coverage afforded shall not be diminished by reason thereof. 
 Landlord shall have no liability or obligation for damage or injury to property or persons arising from golf balls. 
 9.2. Tenant’s Property. All furnishings, fixtures, equipment, and property of every kind and description of Tenant and of persons claiming by or through Tenant which may be on the Premises
shall be at the sole risk and hazard of Tenant and no part of loss or damage thereto for whatever cause is to be charged to or borne by Landlord. 
 9.3. Landlord’s Insurance. Landlord, at its sole cost and expense, shall obtain and maintain in effect as long as this Lease remains in effect, insurance policies providing at least the
following coverages: 
 (a) general liability insurance, in occurrence form, insuring Landlord against any and all liability
for injury to or death of a person or persons, and for damage to or destruction of property, occasioned by or arising out of or in connection with the ownership or management of the Land and Building, and including contractual liability coverage for
Landlord’s indemnity obligations under this Lease (other than those contained in Paragraph 25 hereof), to afford protection with a minimum combined single limit of liability of at least Three Million Dollars ($3,000,000); 

 (b) standard all-risk property and casualty insurance, insuring the Building and all other
improvements on the Land against those risks normally encompassed in an all-risk policy, as well as such other risks as a reasonably prudent owner of similar commercial buildings in the locality where the Building is located would normally insure
against, such insurance to provide for the payment of full replacement cost in the event of a total destruction of the Building and other improvements so as to ensure the availability of sufficient funds to repair and restore the Building and other
improvements to their condition immediately prior to any damage or destruction; and 
 (c) worker’s compensation and
similar insurance offering statutory coverage and containing statutory limits and employer’s liability insurance in form and amount deemed reasonable by Landlord in the exercise of its prudent business judgment. 
 Landlord may provide the coverages required herein under blanket policies. 
 9.4 Waiver of Recovery. Neither Landlord nor Tenant shall be liable to the other or to any insurance company insuring the other party
(by way of subrogation or otherwise) for any loss or damage to any structure, building, or other tangible property, or any resulting loss of income, even though such damage or loss might have been occasioned by the negligence of Landlord or Tenant
or any of their agents or employees, if any such loss or damage is covered by insurance benefiting the party suffering such loss or damage or was required of such party to be covered by insurance pursuant to this Lease. 
 9.5. Indemnity. 
 (a) Except if and to the extent that such party is released from liability to the other party hereto pursuant to the provisions of Paragraph 9.4 above and subject to Paragraph 9.5(b) below: 
 (i) Landlord does hereby assume liability for, and does hereby agree to indemnify, protect, defend, save and hold harmless Tenant, its
officers, directors, agents and employees, from and against any and all liabilities, obligations, claims, actions, demands, fines, suits, judgments, penalties, damages and losses (including all of the reasonable costs, fees and expenses connected
therewith or incident thereto) for death of or injury to any person whomsoever and for loss of, damage to, or destruction of any property whatsoever (including loss of use thereof) arising out of the grossly negligent or willful act or omission of
Landlord, its officers, partners, employees, agents or contractors as they relate to the Land, Building and/or the Premises; and 
 (ii) Tenant does hereby assume liability for, and does hereby agree to indemnify, protect, defend, save and hold harmless Landlord, its officers, directors, agents and employees, from and against any and all liabilities, obligations,
claims, actions, demands, fines, suits, judgments, penalties, damages and losses (including all of the reasonable

 
costs, fees and expenses connected therewith or incident thereto) for death of or injury to any person whomsoever and for loss of, damage to, or destruction of any property whatsoever (including
loss of use thereof) arising out of the grossly negligent or willful act or omission of Tenant, its officers, employees, agents or contractors as they relate to Tenant’s use and/or occupancy of the Premises and/or the Building. 
 (b) Redress for any claim against Landlord under this Lease shall be limited to and enforceable only against and to the extent of
Landlord’s interest in the Land and Building. The obligations of Landlord and Tenant under this Lease are not intended to be and shall not be personally binding on, nor shall any resort be had to the private properties of, any of their
respective managers, officers, partners, beneficiaries, members, employees, or agents, and in no case shall either party be liable to the other hereunder for any lost profits, damage to business, or any form of special, indirect or consequential
damages. 
 10. ASSIGNMENT AND SUBLETTING: 
 10.1 Limitations. 
 (a) Without Landlord’s prior written consent,
which shall not be unreasonably withheld, delayed, or conditioned, Tenant shall not assign this Lease or sublease the Premises or any part thereof or mortgage, pledge, or hypothecate its leasehold interest or grant any concession or license within
the Premises and any attempt to do any of the foregoing shall be void and of no effect. It shall be reasonable for the Landlord to withhold, delay or condition its consent, where required, to any assignment or sublease in any of the following
instances: (i) the assignee or sublessee does not have a net worth calculated according to generally accepted accounting principles at least equal to the greater of the net worth of Tenant immediately prior to such assignment or sublease or the
net worth of the Tenant at the time it executed the Lease; (ii) the intended use of the Premises by the assignee or sublessee is not reasonably satisfactory to Landlord; (iii) the intended use of the Premises by the assignee or sublessee
would materially increase the pedestrian or vehicular traffic to the Premises or the Building; (iv) occupancy of the Premises by the assignee or sublessee would, in Landlord’s opinion, violate any agreement binding upon Landlord or the
Building with regard to the identity of tenants, usage in the Building, or similar matters; (v) the identity or business reputation of the assignee or sublessee will, in the good faith judgment of Landlord, tend to damage the goodwill or
reputation of the Building; (vi) the assignment or sublease is to another tenant in the Building and is at rates which are at or below those charged by Landlord for comparable space in the Building; (vii) in the case of a sublease, the
subtenant has not acknowledged that the Lease controls over any inconsistent provision in the sublease; (viii) the proposed assignee or sublessee is a government entity; (ix) or Tenant is in default under any provision of this Lease beyond
the applicable cure period. 
 (b) The foregoing criteria shall not exclude any other reasonable basis for Landlord to refuse
its consent to such assignment or sublease. Any approved assignment or sublease shall be expressly subject to the terms and conditions of this Lease. Tenant shall provide to Landlord all information concerning the assignee or sublessee as Landlord
may reasonably request. 

 (c) For purposes of this Paragraph 10.1, a transfer of the ownership interests (50% or
more) controlling Tenant, or the sale of substantially all of Tenant’s assets (referred to herein as a “Business Combination”), even though constituting an assignment of this Lease shall be permitted if (i) the acquiring
entity (immediately prior to the consummation of the Business Combination) has a net worth calculated according to generally accepted accounting principles at least equal to the greater of the net worth of Tenant immediately prior to such Business
Combination or the net worth of Tenant at the time it executed this Lease; and (ii) Tenant is not in default under any provision of this Lease beyond the applicable cure period. 
 10.2 Expenses. Tenant shall reimburse Landlord for Landlord’s reasonable out-of-pocket fees and expenses in connection with any
assignment or sublease. 
 10.3 Continuing Liability. Notwithstanding any assignment or subletting, Tenant and any
guarantor or surety of Tenant’s obligations under this Lease shall at all times remain fully responsible and liable for the payment of the rent and for compliance with all of Tenant’s other obligations under this Lease (regardless of
whether Landlord’s approval has been obtained for any such assignments or sublettings). 
 10.4 Excess Rents. If the
Rent due and paid by a sublessee or assignee (or a combination of the rental payable under such sublease or assignment plus any bonus or other consideration therefor or incident thereto) exceeds the Rent (including Additional Rent) payable under
this Lease, then Tenant shall be bound and obligated to pay Landlord as Additional Rent hereunder 50% of such excess rental and other excess consideration within 10 days following receipt thereof by Tenant; provided, however, that such excess rental
shall be determined after deduction by Tenant of any and all costs incurred by Tenant in procuring such assignment or sublease such as, including but not limited to, rental concessions, brokerage commissions, associated legal fees and associated
tenant improvement costs or allowances. 
 10.5 Collection of Rent. If this Lease be assigned or if the Premises be
subleased (whether in whole or in part) or in the event of the mortgage, pledge, or hypothecation of Tenant’s leasehold interest or grant of any concession or license within the Premises or if the Premises be occupied in whole or in part by
anyone other than Tenant, then upon a default by Tenant hereunder, beyond any applicable cure periods, Landlord may collect rent from the assignee, sublessee, mortgagee, pledgee, party to whom the leasehold interest was hypothecated, concessionee or
licensee or other occupant and, except to the extent set forth in Paragraph 10.4, apply the amount collected to the next Rent payable hereunder. No such transaction or collection of rent or application thereof by Landlord, however, shall be deemed a
waiver of these provisions or a release of Tenant from the further performance by Tenant of its covenants, duties, or obligations hereunder. 
 11. PARKING: 
 As further consideration for the Rent to be paid by Tenant
hereunder, Landlord hereby grants to Tenant, the Common Area parking privilege of (4.25 non-reserved, non-exclusive parking spaces per 1,000 square feet of rentable space rented by Tenant) paved and

 
marked parking spaces in the parking lot located on the Land and adjacent to the Building, which said parking spaces are shown hatched on the plan attached to this Lease as EXHIBIT E.
There shall be no added charges during the Term for Tenant’s parking privileges granted under this Paragraph 11. 
 12.
SUBORDINATION: 
 12.1 Subordination and Attornment. Provided that Tenant’s possessory interest in the
Premises is not disturbed, Tenant agrees upon request of Landlord to subordinate this Lease and its rights hereunder to the lien of any mortgage arising out of any security instrument duly executed by Landlord charged against the Land, Building and
Premises, or any portion or portions thereof, and to execute at any time and from time-to-time such reasonable documents confirming such subordination as may be reasonably required to effectuate such subordination; Tenant agrees, at the election of
the holder of any such mortgage, to attorn to any such Subordination, Non-Disturbance and Attornment Agreement in such form and content holder. 
 12.2 [Intentionally omitted.] 
 12.3 Deemed Subordination. Provided that
Tenant’s possessory interest in the Premises is not disturbed, and notwithstanding the foregoing, any such holder may at any time subordinate its mortgage to this Lease, without Tenant’s consent, by notice in writing to Tenant, and
thereupon this Lease shall be deemed prior to such mortgage without regard to their respective dates of execution, delivery or recording and in that event such holder shall have the same rights with respect to this Lease as though this Lease had
been executed prior to the execution, delivery and recording of such mortgage and had been assigned to such holder. 
 12.4
Definition. The term “mortgage” whenever used in this Lease shall be deemed to include deeds of trust, security assignments and any other encumbrances, and any reference to the “holder” of a mortgage shall be deemed to
include the beneficiary under a deed of trust. 
 13. DAMAGE OR DESTRUCTION: 
 13.1 Damage. If either the Building, Premises or Common Areas shall be destroyed or damaged in any way by fire, flood, tornado,
hurricane, earthquake, windstorm, hail or otherwise, Landlord shall, at its own cost and expense and in conformance with all applicable laws and ordinances, diligently and promptly repair, rebuild and restore the Building, Premises and Common Areas
to at least as good a condition in which they existed immediately prior to such destruction or damage and, from the date of such destruction or damage until such time as the Building, Premises and Common Areas are repaired and restored as aforesaid,
all Rent and other charges payable hereunder shall be equitably abated from the date of such destruction or damage in the proportion and to the extent that the Premises are unusable by Tenant for Tenant’s Intended Use. 

 13.2 Lease Termination. Notwithstanding the provisions of Paragraph 13.1 above, if
the Premises, Building and/or Common Areas are destroyed or damaged to such an extent that same cannot reasonably be repaired and restored within ninety (90) days of said destruction or damage, either party may terminate this Lease as of the
date of said destruction or damage by giving written notice thereof to the other within twenty (20) days following said destruction or damage. If this Lease is not terminated as aforesaid but Landlord does not in fact repair or restore the
Building, Premises and Common Areas within ninety (90) days of said destruction or damage, then Tenant may terminate this Lease by giving written notice thereof to Landlord within twenty (20) days following the expiration of said ninety
(90)-day period. 
 14. CONDEMNATION: 
 If the Building or any part thereof shall be taken for any public or quasi-public use in condemnation proceedings or by any right of eminent domain or sale in lieu of condemnation, this Lease shall
terminate as of the date of taking and any prepaid Rent and other charges shall be refunded to Tenant prorated to the date of taking; provided, however, that if less than the entire Building shall be so taken and, in Tenant’s reasonable
opinion, the Premises (or the portion remaining) are adequate and suitable for Tenant’s Intended Use, then, at Tenant’s option to be exercised by written notice to Landlord within twenty (20) days following said taking, this Lease
shall continue in full force and effect as to that portion of the Premises remaining and the monthly installment of Rent payable hereunder after the date of said taking and for the remainder of the Term hereof shall be reduced in the same proportion
as the floor area of the Premises is reduced by said taking. In such an event (i.e. the continuance of this Lease as to the portion remaining), Landlord shall make every reasonable effort to diligently restore said Building and Premises as closely
as reasonably possible to their condition immediately prior to the taking, however it is agreed that Landlord shall not be required to expend more than the amount of the condemnation proceeds. Landlord shall at all times keep Tenant fully advised of
any condemnation proceedings or threat thereof. Any award or compensation arising out of such taking shall belong to and be paid to Landlord except with respect to any separate award made to Tenant for its leasehold improvements and fixtures,
relocation expenses and other damages or costs pursuant to a separate independent action taken by Tenant against the condemning authority. In the event that any access to the Premises or any parking spaces as may be granted to Tenant herein are so
taken, Landlord shall promptly substitute similarly situated access or parking spaces of equal quality therefor, failure of Landlord so to do giving Tenant the right to terminate this Lease as of the date of taking by giving written notice thereof
to Landlord. 
 15. ACCESS: 
 Landlord’s agents, employees, contractors, prospective purchasers, existing and prospective mortgagees, and, during the last nine (9) months of the Term, prospective tenants, shall have the
right, upon reasonable prior written or verbal notice, to enter the Premises with Landlord or its agents at reasonable times for the purpose of inspecting the same; and further, Landlord, its employees, agents and contractors shall have the right to
enter the Premises without notice at any time as may be necessary for the purpose of making repairs thereto and to the Building and its mechanical systems and for the purpose of performing the services to be performed by Landlord pursuant to the
terms of this Lease; provided in every instance, however, that any such party so entering upon the Premises shall cause as little inconvenience, annoyance

 
and disturbance to Tenant as may be reasonably possible under the circumstances, shall not unreasonably interfere with Tenant’s normal business operations, and shall comply with all
reasonable security regulations and procedures as may then be in effect with respect to Tenant’s operations in the Premises, including, without limitation, Tenant’s confidentiality requirements regarding patient records and other business
records. 
 16. DEFAULT BY TENANT: 
 16.1 Event of Default. Each of the following events shall be an event of default (“Event of Default”) under this Lease: 
 (a) Tenant defaults in the payment of any installment of Rent or any other sum specifically to be paid by Tenant hereunder and such default
shall not have been cured within seven (7) days after Landlord shall have given to Tenant written notice specifying such default; or 
 (b) Default in the observance or performance of any of Tenant’s other covenants hereunder (other than the covenant to pay Rent or any other sum herein specified to be paid by Tenant) and such default
shall not have been cured within thirty (30) days after Landlord shall have given to Tenant written notice specifying such default; provided, however, that if the default complained of shall be of such a nature that the same cannot be
completely remedied or cured within such thirty-day period, then such default shall not be an enforceable default against Tenant for the purposes of this Paragraph if Tenant shall have commenced curing such default within such thirty-day period and
shall proceed with reasonable diligence and in good faith to remedy the default complained of; or 
 (c) Tenant (i) is
adjudicated bankrupt or insolvent, or (ii) has a receiver or trustee appointed for all or substantially all of its business or assets on the ground of Tenant’s insolvency, or (iii) suffers an order to be entered approving a petition
filed against Tenant seeking reorganization of Tenant under the Federal Bankruptcy Laws or any other applicable law or statute of the United States or any State thereof; or 
 (d) Tenant makes an assignment for the benefit of its creditors, or files a voluntary petition in bankruptcy or a petition or answer
seeking reorganization or arrangement under the Federal Bankruptcy Laws or any other applicable law or statute of the United States or any State thereof, or shall file a petition to take advantage of any insolvency act or shall consent to the
appointment of a receiver or trustee of all or a substantial part of its business and property; or 
 16.2 Remedies. Upon
the happening of any one or more of such Events of Default and the expiration of the applicable period of time for curing such default, Landlord may, without further notice to Tenant and without further demand for Rent due or for the observance or
performance of any of said terms, conditions or agreements, elect to do one or more of the following: (a) perform, on behalf and at the expense of Tenant, any obligation of Tenant under this Lease which Tenant has failed to perform, the actual
and reasonable cost of which performance by Landlord shall be deemed Additional Rent and shall be payable by Tenant

 
to Landlord upon demand; (b) terminate this Lease and re-enter said Premises and remove all persons and property therefrom, using such force as may be necessary, and again possess said
Premises as its own; (c) without terminating this Lease, re-enter and take possession of the Premises and remove all persons and property therefrom, using such force as allowed under law and as may be necessary; or (d) exercise any other
right or remedy available to Landlord at law or in equity. Tenant shall promptly repay Landlord any amounts advanced by Landlord to discharge Tenant’s obligations under this Lease together with simple interest thereon at fifteen percent (15%).
Tenant shall also pay Landlord a late fee on any payment not paid within ten (10) days of its due date. The amount of the late fee shall be five percent (5.0%) of such payment or the amount of any late fee paid by Landlord to
Landlord’s lender, whichever amount shall be greater. 
 16.3 Termination of Lease. If Landlord terminates this
Lease, Landlord may recover from Tenant the sum of: all Rent and all other amounts accrued hereunder to the date of such termination; the cost of reletting the whole or any part of the Premises, including without limitation brokerage fees and/or
leasing commissions incurred by Landlord, and costs of removing and storing Tenant’s or any other occupant’s property, repairing, altering, remodeling, or otherwise putting the Premises into condition acceptable to a new tenant or tenants,
and all reasonable expenses incurred by Landlord in pursuing its remedies, including reasonable attorneys’ fees and court costs; and the excess of the then present value of the Rent and other amounts payable by Tenant under this Lease as would
otherwise have been required to be paid by Tenant to Landlord during the period following the termination of this Lease measured from the date of such termination to the Expiration Date stated in Paragraph 3.1 of this Lease, over the present value
of any net amounts which Tenant establishes Landlord can reasonably expect to recover by reletting the Premises for such period, taking into consideration the availability of acceptable tenants and other market conditions affecting leasing. Such
present values shall be calculated at a discount rate equal to the 90-day U.S. Treasury bill rate at the date of such termination. 
 16.4 Termination of Right of Possession. If Landlord terminates Tenant’s right of possession (but not this Lease), Landlord shall use commercially reasonable efforts to relet the Premises for the account of Tenant without
thereby releasing Tenant from any liability hereunder and without demand or notice of any kind to Tenant; provided, however, (a) Landlord shall not be obligated to accept any tenant proposed by Tenant, (b) Landlord shall have the right to
lease any other space controlled by Landlord first, and (c) any proposed tenant shall meet all of Landlord’s leasing criteria. For the purpose of such reletting Landlord is authorized to make any repairs, changes, alterations, or additions
in or to the Premises as Landlord deems reasonably necessary or desirable. If the Premises are not relet, then Tenant shall pay to Landlord as damages a sum equal to the amount of the Rent reserved in this Lease for such period or periods, plus the
cost of recovering possession of the Premises (including attorneys’ fees and costs of suit), the unpaid Rent and other amounts accrued hereunder at the time of repossession, and the costs incurred in any attempt by Landlord to relet the
Premises. If the Premises are relet and a sufficient sum shall not be realized from such reletting [after first deducting therefrom, for retention by Landlord, the unpaid Rent and other amounts accrued hereunder at the time of reletting, the cost of
recovering possession (including attorneys’ fees and costs of suit), all of the costs and expense of repairs, changes, alterations, and additions, the expense of such reletting

 
(including without limitation brokerage fees and leasing commissions) and the cost of collection of the rent accruing therefrom] to satisfy the Rent provided for in this Lease to be paid, then
Tenant shall immediately satisfy and pay any such deficiency. Any such payments due Landlord shall be made upon demand therefor from time to time and Tenant agrees that Landlord may file suit to recover any sums falling due from time to time.
Notwithstanding any such reletting without termination, Landlord may at any time thereafter elect in writing to terminate this Lease for such previous breach. 
 16.5 No Waiver. The exercise by Landlord of any one or more remedies hereunder granted or otherwise available shall not be deemed to be an acceptance of surrender of the Premises and/or a
termination of this Lease by Landlord, whether by agreement or by operation of law, it being understood that such surrender and/or termination can be effected only by the written agreement of Landlord and Tenant. Any law, usage, or custom to the
contrary notwithstanding, Landlord shall have the right at all times to enforce the provisions of this Lease in strict accordance with the terms hereof; and the failure of Landlord at any time to enforce its rights under this Lease strictly in
accordance with same shall not be construed as having created a custom in any way or manner contrary to the specific terms, provisions, and covenants of this Lease or as having modified the same. Tenant and Landlord further agree that forbearance or
waiver by Landlord to enforce its rights pursuant to this Lease or at law or in equity, shall not be a waiver of Landlord’s right to enforce one or more of its rights in connection with any subsequent default. A receipt by Landlord of Rent or
other payment with knowledge of the breach of any covenant hereof shall not be deemed a waiver of such breach, and no waiver by Landlord of any provision of this Lease shall be deemed to have been made unless expressed in writing and signed by
Landlord. To the greatest extent permitted by law, Tenant waives the service of notice of Landlord’s intention to re-enter as provided for in any statute, or to institute legal proceedings to that end, and also waives all right of redemption in
case Tenant shall be dispossessed by a judgment or by warrant of any court or judge. 
 16.6 Definitions. The terms
“enter,” “re-enter,” “entry” or “re-entry,” as used in this Lease, are not restricted to their technical legal meanings. 
 16.7 Reletting. Any reletting of the Premises shall be on such terms and conditions as Landlord in its sole reasonable discretion may determine (including without limitation a term different than
the remaining Lease Term, rental concessions, alterations and repair of the Premises, lease of less than the entire Premises to any tenant and leasing any or all other portions of the Building before reletting the Premises). 
 17. ESTOPPEL CERTIFICATES: 
 Tenant shall, within twenty (20) days after written request of Landlord, execute, acknowledge and deliver to Landlord or to Landlord’s mortgagee, proposed mortgagee, land lessor or proposed
purchaser of the Building, any estoppel certificates requested by Landlord which shall state whether this Lease is in full force and effect and whether any changes may have been made to the original of this Lease; whether the Term of this Lease has
commenced and full Rent is accruing; whether there are any defaults by Landlord and, if so, the nature of such defaults; whether possession has been assumed and all improvements to be provided by Landlord

 
have been completed; whether Rent has been paid more than thirty (30) days in advance; whether there are any liens, charges, or offsets against Rent due or to become due; and whether the
address shown on such estoppel certificate is accurate. Landlord agrees that, within twenty (20) days after written request of Tenant, Landlord shall execute, acknowledge and deliver to Tenant a similar certificate. 
 18. HOLDING OVER: 
 If Tenant remains in possession of the Premises after the expiration of the Term, it shall be deemed to be a tenant from month-to-month only, at the same Rent in effect during the last month of the expired Term for the first 30 days and one
hundred fifty percent (150%) of the monthly installment of Base Rent in effect during the last month of the expired Term following that 30-day period. In addition, Tenant shall continue to be obligated for Additional Rent owed under this Lease.
Except as aforesaid, such tenancy shall be upon and subject to the terms of this Lease. Either party may terminate such month-to-month tenancy by giving to the other at least thirty (30) days prior written notice of its intent to terminate.
Nothing herein, however, shall be deemed to grant to Tenant the right to hold over in the Premises beyond the expiration of the Term, and Landlord shall be entitled to all remedies available to it, in law or in equity, as a result of any holding
over in the Premises without Landlord’s consent. 
 19. SURRENDER: 
 19.1 Surrender of Premises. Tenant agrees to quit and surrender possession of the Premises to Landlord at the expiration of the Term
broom-clean and in as good condition as when delivered by Landlord, except for the following: (i) ordinary wear and tear, (ii) Alterations not removed as permitted hereunder, (iii) any appropriation or taking under power of eminent
domain or by paramount authority, (iv) damage by fire or other casualty, and (v) condition by reason of Landlord’s failure to repair as required of it hereunder. 
 19.2 Survival of Obligations. Unless otherwise provided for in this Lease, all obligations of Tenant hereunder not fully performed as
of the termination of the Lease Term shall survive the termination of the Lease Term, including without limitation, indemnity obligations for any act or omission of Tenant during the Lease Term, payment obligations with respect to Operating Costs
and obligations concerning the condition and repair of the Premises. 
 20. NOTICES: 
 All notices, requests, demands or other communications with respect to this Lease, whether or not herein expressly provided for, shall be in
writing and shall be deemed to have been duly given either (a) forty-eight (48) hours after being mailed by United States First-Class, certified or registered mail, postage prepaid, return receipt requested, or (b) the next business
day after being deposited (in time for delivery by such service on such business day) with Federal Express or another national courier service, for delivery to the parties at the following addresses (which such addresses may be changed by either
party by giving written notice thereof to the other): 
 If to Landlord: 
 Mikami Brothers, an Oregon Limited Partnership 
 c/o Craig Mikami 
 623 North 1250 West 
 Centerville, Utah 84104 

 With a Copy To: 
 Strong & Hanni 
 Attn: Paul W. Hess 
 3 Triad Center, Suite 500 
 Salt Lake City, Utah 84180 
 If to Tenant: 
 Sonic Innovations, Inc. 
 Attn: Mike Halleran, CFO 
 2795 East Cottonwood Parkway #660 
 Salt Lake City, UT 84121 
 21. QUIET ENJOYMENT: 
 Landlord covenants and agrees that Tenant, so long as it shall not be in default
hereunder, shall and may, at all times during the Term, peaceably and quietly have, hold, occupy and enjoy the Premises and Common Areas pursuant to the terms of this Lease. Landlord shall use reasonable efforts to ensure that the installation of
improvements for other tenants and other remodeling will not create unreasonable noise or dust pollution in the vicinity of the Premises. 
 22. RIGHT TO EXTEND: 
 (a) Extension. Provided Tenant is not in
default under this Lease, beyond applicable cure periods, Tenant shall have the right, at its sole option, to extend the Initial Term of this Lease for two (2) additional successive period(s) of five (5) years each (each such extended
period being herein called an “Extended Term”) on the same terms and conditions, except Base Rent, as herein set forth by in each instance giving written notice thereof to Landlord at least one hundred eighty (180) days prior
to the expiration of the then existing Term, and upon the giving of any such notice as aforesaid the Term of this Lease shall be automatically extended without any further notice or act required on behalf of either party. 
 22.2 Procedures. It is expressly agreed that for purposes of this Paragraph the Fair Market Rent (as hereinafter defined) shall be
determined and arrived at by excluding from consideration all of Tenant’s property, and all leasehold improvements on or part of the Premises which have either been installed or paid for by Tenant (i.e., the Premises shall be deemed to be void
of those items). The annual Base Rent during each Extended Term shall be the sum equal

 
to the rent a willing Tenant and a willing Landlord would agree upon under the then current market conditions for new leases of comparable space upon comparable terms and conditions for
comparable periods of time in office buildings of same age and quality in the Metropolitan Salt Lake City, Utah area, for the Extension Term (the “Fair Market Rent”), as agreed by the parties to the Lease by no later than ninety
(90) days prior to the expiration of the then current Term (the “Final Notice Extension Date”), or if the parties cannot agree, the Fair Market Rent as determined by appraisers pursuant to the following procedure. If Landlord
and Tenant agree on a Fair Market Rent, such agreement shall be reduced to a written form and when executed and delivered by both parties will be binding on Landlord and Tenant, and execution thereof by Tenant shall be deemed acceptance thereof. If
Tenant has given the Extension Notice and no agreement has been reached by the parties with respect to the Fair Market Rent by the Final Extension Notice Date, both parties shall appoint a Qualified Appraiser (as defined below) no later than the
tenth (10th) business day following the Final Extension Notice Date. Each Qualified Appraiser shall arrive at a determination of Fair Market Rent and submit their conclusions to Landlord and Tenant within thirty (30) days after the
appointment of the Qualified Appraisers. If only one (1) appraisal is submitted within the requisite time period, it shall be deemed the Fair Market Rent. If both appraisals are submitted within such time period, and if the two
(2) appraisals so submitted differ by less than ten (10%) percent of the higher of the two, the average of the two shall be the Fair Market Rent. If such appraisals are ten (10%) percent or more apart, the appraisers shall promptly
select a third Qualified Appraiser (or if they cannot agree, a third Qualified Appraiser shall be named by the head of the local Chapter of the Appraisal Institute of Utah or comparable successor organization). Within thirty (30) days of the
selection of the third Qualified Appraiser, each Qualified Appraiser shall submit his or her appraisal of the Fair Market Rent. In the event the third appraisal shall be greater than the average of the first two (2) appraisals of Landlord and
Tenant, then the Fair Market Rent shall be the average of the two (2) highest appraisals. In the event such third appraisal shall be lower than the average of the first two (2) appraisals, then the Fair Market Rent shall be the average of
the two (2) lowest appraisals. The Qualified Appraisers shall submit their final conclusion to Landlord and Tenant within such thirty (30) day period, and upon such submission the Fair Market Rent so determined shall be binding upon
Landlord and Tenant. In the event either party to the Lease fails to name a Qualified Appraiser when required hereunder, the Fair Market Rent shall be determined by the Qualified Appraiser selected by the other party. Each party to this Lease shall
pay all fees of any Qualified Appraiser selected by it and any fees of a third Qualified Appraiser shall be shared equally by each party hereto. As used herein the term “Qualified Appraiser” shall refer to an independent appraiser holding
an MAI (“Member of the Appraisal Institute”) designation or its equivalent, having not less than ten (10) years experience appraising commercial property in the Metropolitan Salt Lake City, Utah area. 
 23. [Reserved] 
 24. JOINT AND SEVERAL LIABILITY: All entities named herein as “Tenant” shall have joint and several liability with respect to all covenants, obligations, and liabilities of Tenant under this Lease. 

 25. NAME OF BUILDING: 
 During the Term of this Lease, Landlord shall not change the name or identification of the Building or the complex of which the Land is a
part without Tenant’s prior written consent, which consent Tenant agrees shall not be unreasonably withheld or delayed. However, Landlord shall have the right, without Tenant’s consent, to add the names of other tenants of the Building to
any monument, directory, or sign for the Building. 
 26. HAZARDOUS SUBSTANCES: 
 26.1 Landlord Representation and Warranty. Except to the extent that a Hazardous Substance may be present as a result of an act of
Tenant, Tenant’s agent, employee, contractor, or invitee and except for matters disclosed in the Phase I Environmental Assessment Report dated May 23, 1995, prepared by Envirosearch International, Landlord warrants and represents that:
(a) any use, storage, treatment or transportation of “Hazardous Substances” (as hereinafter defined) which has occurred in, on or about the Land, Building or Premises prior to the date of this Lease has been in compliance with all
“Environmental Laws” (as hereinafter defined); and (b) to the best of its knowledge no release, leak, discharge, spill, disposal or emission of Hazardous Substances has occurred in, on or about the Land, Building or Premises,
and that the Land, Building and Premises are free of Hazardous Substances as of the Effective Date of this Lease. 
 26.2
Landlord Indemnity. Landlord shall indemnify and hold harmless the Tenant from any and all claims, damages, fines, judgments, penalties, costs, expenses or liabilities (including, without limitation, any and all sums paid for settlement of
claims, attorneys’ fees, consultant and expert fees) arising prior to, during or after the Term from or in connection with the presence or suspected presence of Hazardous Substances in, on or about the Land, Building or Premises, except to the
extent that the Hazardous Substances are present as a result of acts of Tenant, Tenant’s agents, employees, contractors or invitees. 
 26.3 Tenant Covenants/Indemnity. Tenant shall not cause or permit, any Hazardous Substances to be used, stored, generated or disposed of in, on or about the Land, Building or Premises by Tenant,
its agents, employees, contractors or invitees, except for such Hazardous Substances contained in products used by Tenant in de minimis quantities. Any such Hazardous Substances permitted on the Premises as hereinabove provided, and all containers
therefor, shall be used, kept, stored and disposed of in a manner that complies with all Environmental Laws. Tenant shall indemnify and hold harmless the Landlord from any and all claims, damages fines, judgments, penalties, costs, expenses or
liabilities (including, without limitation, any and all sums paid for settlement of claims, attorneys’ fees, consultant and expert fees) arising during or after the Term from or in connection with the use, storage, generation or disposal of
Hazardous Substances in, on or about the Land, Building or Premises by Tenant, Tenant’s agents, employees, contractors or invitees. 
 26.4 Damages. Notwithstanding anything to the contrary stated hereinabove, the indemnifications contained in Paragraphs 26.2 and 26.3 above shall not include any consequential damages (e.g., loss
of rent use, profits or equivalent) incurred by either Landlord or Tenant and shall also expressly include, without limitation, any and all costs incurred due to any investigation of the site or any cleanup, removal or restoration mandated by or
pursuant to

 
any Environmental Laws. The indemnifications contained herein shall survive any expiration or termination of the Term, but shall terminate three (3) years after any such expiration or
termination except with respect to any specific claims which have been given in writing by either party to the other prior to the expiration of said three-year period. 
 26.5 Definitions. As used herein, “Hazardous Substance” means any substance which is toxic, ignitable, reactive, or corrosive or which is regulated by “Environmental
Laws.” The term “Environmental Laws” means federal, state and local laws and regulations, judgments, orders and permits governing safety and health and the protection of the environment, including without limitation the Comprehensive
Environmental Response, Compensation and Liability Act, 42 U.S.C. 9601 et seq., as amended (CERCLA), the Resource Conservation and Recovery Act, as amended 42 U.S.C. 6901 et seq., the Clean Water Act, 33 U.S.C. 1251 et seq., the
Clean Air Act, 42 U.S.C. 7401 et seq., the Toxic Substance Control Act, 15 U.S.C. 2601 et seq., and the Safe Drinking Water Act, 42 U.S.C. 300f through 300j and all state and local environmental laws and regulations and policies issued
or promulgated thereunder. “Hazardous Substances” includes any and all materials or substances which are defined as “hazardous waste,” “extremely hazardous waste” or a “hazardous substance” pursuant to state,
federal or local governmental law. “Hazardous Substances” also includes asbestos, polychlorinated biphenyls (PCBs) and petroleum products. 
 27. SIGNS: 
 Tenant shall have the right to erect and install such signs in,
on or about the Building as shall adequately advertise Tenant’s occupancy of the Premises and direct visitors, guests and the like to Tenant’s Premises, provided that such signs comply with all applicable laws and ordinances and with those
sign restrictions (if any) which are attached as EXHIBIT F. Tenant shall not otherwise place or paint any sign on or in front of the exterior of the Premises or in any other part of the Building without the prior written consent of Landlord,
which consent Landlord shall not unreasonably withhold or delay. Any exterior signage by Tenant shall be subordinate to the rights of any other existing tenants in the Building. 
 28. TRANSFER OF THE LAND AND BUILDING BY LANDLORD: 
 In the event of any conveyance of the Building and assignment by Landlord of this Lease, Landlord shall be and is hereby released from all liability under any and all of its covenants and obligations
contained in or derived from this Lease occurring after the date of such conveyance and assignment provided that such transferee expressly assumes all of Landlord’s obligations under this Lease. Tenant agrees to attorn to such transferee.

 29. LIENS: 
 Tenant shall keep the Land, Building, and Premises free from any liens arising out of any work performed, materials furnished or obligations incurred by or on behalf of Tenant and shall indemnify, defend
and hold Landlord harmless from all claims, costs and liabilities, including reasonable attorneys’ fees and costs, in connection with or arising out of any such lien or claim of lien. Tenant shall cause any such lien imposed on the Land,
Building, or Premises to be released of record by payment or posting of a proper bond within thirty (30) days after Tenant receives notice of the filing of the lien. 

 30. BROKERS: 
 Landlord and Tenant each represent and warrant to the other that it has had no dealings with any real estate broker or agent in connection
with the negotiation of this Lease, except Commerce CRG (representing Tenant in this transaction) and NAI Utah (representing Landlord in this transaction). Landlord shall be responsible for payment of a real estate commission to Commerce CRG equal
to four percent (4%) of the gross value of the Lease for the first five (5) years and 2% for the remaining years. Fifty percent (50%) of the commission will be paid within thirty (30) days of execution of the Lease and fifty
percent (50%) within thirty (30) days of the Commencement Date. Landlord and Tenant each agree to indemnify, defend and hold the other harmless from all costs and liabilities, including reasonable attorneys’ fees and costs, arising
out of or in connection with claims made by any other broker or individual who alleges that it is entitled to commissions or fees with regard to this Lease as a result of dealings it had with the indemnifying party. 
 31. DEFAULT BY LANDLORD: 
 If at any time during the Term Landlord shall fail to: (a) perform any of its obligations under this Lease, (b) make any payments required of it pursuant to this Lease, or (c) make any
mortgage or other required payments on the Land, Building or Premises, then in any of such events Tenant may exercise any and all other rights and remedies available to Tenant at law or in equity. 
 32. LIMITATION OF LIABILITY OF LANDLORD: 
 If, as a consequence of a default by Landlord under this Lease, Tenant recovers a money judgment against Landlord, such judgment shall be satisfied only out of the proceeds received upon execution of such
judgment and levied thereon against the right, title and interest of Landlord in the Building and the Land and out of rent or other income from such property or out of consideration received by Landlord from the sale or other disposition of all or
any part of Landlord’s right, title or interest in the Building and the Land, and Landlord shall not be liable for any deficiency. 
 33. ATTORNEYS’ FEES: 
 If either party brings any action or legal
proceeding for damages for an alleged breach of any provision of this Lease, to recover sums due or to enforce, protect or establish any term, condition or covenant of this Lease or right of either party, the prevailing party shall be entitled to
recover as a part of such action or proceedings, or in a separate action brought for that purpose, reasonable attorneys’ fees and costs to be fixed and determined by the court in such action or proceeding. 

 34. COMPLIANCE WITH LAWS: 
 34.1 Except to the extent noncompliance results from an act or omission of Tenant or its agent, employee or invitee: (i) Landlord
represents and warrants to Tenant that on the Commencement Date of this Lease the Land, Building and Premises shall comply in all material respects with all applicable Legal Requirements (as defined in Paragraph 2.3 above) (ii) Landlord
covenants and agrees that it shall, at all times during the Term and at its sole cost and expense, promptly comply in all material respects with all applicable Legal Requirements which may in any way be applicable to the Land, Building or Premises,
except to the extent such compliance is assumed by Tenant as provided in Paragraphs 2.3 above and 34.2 below. 
 34.2 Tenant
shall, at all times during the Term and at its sole cost and expense, promptly comply in all material respects with all applicable Legal Requirements. 
 35. NO OFFER: 
 The submission of this Lease for examination or the
negotiation of the transaction described herein or the execution of this Lease by only one of the parties shall not in any way constitute an offer to lease on behalf of either Landlord or Tenant, and this Lease shall not be binding on either party
until duplicate originals thereof, duly executed on behalf of both parties, have been delivered to each of the parties hereto. 
 36. GENERATOR: 
 Located at the Premises, on the outside of the Building, is one (1) 150 kilowatt gas fired
generator, brand name Generac, serial number 2041935 model number is 98A02868-S, including all necessary ancillary equipment thereto, such as, but not limited to, a Generac automatic transfer switch located in the first floor electrical room, model
number 98A02868-W and the serial number is 45075. During the Term, Tenant shall have the right, at its own cost and expense, to access this generator as backup power, for no additional rental charge. 
 37. SATELLITE DISH: 
 37.1 Dish. Tenant may, at its sole cost and at any time during the Term of this Lease, install, use, maintain, repair and replace on the roof of the Building a satellite dish, conduits and other related apparatus and equipment
(“Satellite Dish”). Landlord shall not charge a roof rental fee. Landlord further hereby agrees that Tenant may, at its sole cost, install cables running from the Satellite Dish through the outer wall of the Building into the
Premises. All such installation, use, maintenance, repair and replacement shall comply with all applicable laws. Landlord agrees that the Satellite Dish may remain upon the roof of the Building (or “Alternative Location” as
hereinafter described), free from any interference by Landlord, its employees, contractors, agents, its invitees or other tenants. Landlord further agrees that upon prior notice to Landlord, which notice may be oral) Tenant may have access to the
roof of the Building and other parts of the Building through which the satellite cable run at all times during the Term. The Satellite Dish shall at all times remain Tenant’s property. Landlord further hereby agrees that if the Satellite
Dish’s reception and/or transmission is, in the sole discretion of Tenant, inadequate and/or interfered with due to the presence of other dishes, buildings or for any other reason not attributable

 
to the negligent installation of the Satellite Dish by Tenant or its contractor(s), Landlord shall allow Tenant to relocate the Satellite Dish to another mutually agreeable location on the Land
(“Alternative Location”) at Tenant’s sole cost. Tenant shall, at its own cost and expense, promptly repair any all damage caused by any installation or maintenance activities of Tenant or its contractor, subcontractor, or
agent. 
 37.2 Termination. Upon the expiration or earlier termination of this Lease, or at any time during the Term that
Tenant shall elect to discontinue its use of the Satellite Dish, Tenant shall, at its sole cost, remove the Satellite Dish and cable wires leading from the Satellite Dish to the Premises and repair all damage done to the Building caused by all such
equipment, including but not limited to refilling the hole in the wall of the Building which contained the cable and conduits. 
 38. MISCELLANEOUS PROVISIONS: 
 38.1. Time Periods. All periods of time referred to in this Lease shall
include all Saturdays, Sundays and state or national holidays, unless the period of time specifies business days, however if the date or last date to perform any act or give notice or approval shall fall on a Saturday, Sunday or state or national
holiday, such act, notice or approval shall be timely if performed or given on the next succeeding day which is not a Saturday, Sunday or state or national holiday. 
 38.2 Waiver. The waiver by Landlord or Tenant of any breach of any term, condition or covenant of this Lease shall not be deemed to be a waiver of such provision or any subsequent breach of the
same or any other term, condition or covenant of this Lease. No covenant, term or condition of this Lease shall be deemed to have been waived by Landlord or Tenant unless such waiver is in writing and signed by the waiving party. 
 38.3. Severability. If any provisions of this Lease shall be held to be invalid, void or unenforceable, the remaining provisions
hereof shall not be affected or impaired, and such remaining provisions shall remain in full force and effect. 
 38.4.
Exhibits. All exhibits referred to herein are attached hereto and incorporated by reference. 
 38.5. Executed
Copy. This Lease may be executed in counterpart originals, all of which taken together will constitute one Lease. Any fully executed copy of this Lease shall be deemed an original for all purposes. Signatures sent via facsimile transmission or
via email (pdf) will constitute original signatures. 
 38.6. Binding Effect. The covenants and agreements contained in
this Lease shall be binding on the parties hereto and on their respective successors and permitted assigns. 
 38.7.
Captions. The captions and headings used in this Lease are for the purpose of convenience only and shall not be construed to limit or extend the meaning of any part of this Lease. 

 38.8. Entire Agreement. This Lease is the entire agreement between the parties, and
there are no agreements or representations between the parties except as expressed herein. Except as otherwise provided herein, no subsequent change or addition to this Lease shall be binding unless in writing and signed by the parties hereto.

 38.9. Strict Construction. This Lease is intended to express the mutual intent of the parties hereto, and no rule of
strict construction shall be applied against either Landlord or Tenant. 
 38.10. Time of the Essence. Time is of the
essence for the performance of each term, condition and covenant of this Lease. The foregoing shall not operate, however, to reduce the time period allocated for the performance of any obligation or the curing of any default if a time period is
specified in the Lease for the performance of such obligation. 
 38.11 Governing Law and Forum Selection. This Agreement
shall be governed by and construed in accordance with the laws of the State of Utah, without regard to the applicable principles of conflicts of law. Any legal action to enforce or construe any provision of this Agreement must be brought only in a
state or federal court located in Salt Lake County, State of Utah, and all parties hereby submit to the personal jurisdiction and venue of such courts. 
 [Signatures on following page] 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Lease as of the day and year
first above written. 
  

							
		 		  	LANDLORD:
			
	Signed, sealed and delivered in the presence of:	 		  	MIKAMI BROTHERS, an Oregon Limited Partnership
				
	 /s/ Mikami Brothers
	 		  	By:	  	 /s/ Mikami Brothers

				
	  
	 		  		  	  

		 		  	Title:	  	General Partner
			
		 		  	TENANT:
			
	Signed, sealed and delivered in the presence of:	 		  	SONIC INNOVATIONS, INC., a Utah corporation
				
	 /s/ Brent Shimada
	 		  	By:	  	 /s/ Michael Halloran

	  
  
	 		  	Title:	  	Vice President and Chief Financial Officer

 Exhibits to Lease 

					
			
	Exhibit A	  	Floor Plan	  	
	Exhibit B	  	Plot Plan	  	
	Exhibit C	  	List of Personal Property	  	
	Exhibit D	  	Janitorial	  	
	Exhibit E	  	Parking	  	
	Exhibit F	  	Sign Restrictions

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