Document:

EX-10.2

 Exhibit 10.2 
  

 
 SIXTH AMENDMENT TO 

THIRD AMENDED AND RESTATED 

CREDIT AGREEMENT 
 Dated
as of May 13, 2015 
 among 

NORTHERN OIL AND GAS, INC., 

as Borrower, 
 ROYAL BANK
OF CANADA, 
 as Administrative Agent, 

and 
 The Lenders Party
Hereto 
  
  

 SIXTH AMENDMENT TO 

THIRD AMENDED AND RESTATED CREDIT AGREEMENT 

This SIXTH AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”), dated as of
May 13, 2015, is by and among Northern Oil and Gas, Inc., a Minnesota corporation (the “Borrower”), Royal Bank of Canada (the “Administrative Agent”), and the Lenders party hereto. 

R E C I T A L S: 

WHEREAS, the Borrower, the Administrative Agent and the other Lenders party thereto entered into that certain Third Amended and
Restated Credit Agreement, dated as of February 28, 2012 (as previously amended by the First Amendment dated as of June 29, 2012, the Second Amendment dated as of September 28, 2012, the Third Amendment dated as of March 28,
2013, the Fourth Amendment dated as of September 30, 2013, the Fifth Amendment dated as of April 7, 2015 and as the same may be further amended, modified, supplemented or restated from time to time, the “Credit
Agreement”); 
 WHEREAS, the Borrower has requested that the Administrative Agent and the Lenders amend the Credit Agreement
as set forth below; and 
 WHEREAS, the Administrative Agent and the Lenders are willing to (i) amend the Credit
Agreement and (ii) take such other actions as provided herein. 
 NOW, THEREFORE, in consideration of the premises and
the mutual covenants contained herein and in the Credit Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as
follows: 
 ARTICLE I 

Definitions 
 Each
capitalized term used in this Amendment and not defined herein shall have the meaning assigned to such term in the Credit Agreement. 

ARTICLE II 
 Amendments
to Credit Agreement 
 Section 2.01 Amendment to Section 1.01 of the Credit Agreement. Section 1.01 of the Credit
Agreement is hereby amended by adding the following definition where alphabetically appropriate: 
 “Sixth Amendment Effective
Date” means May 13, 2015. 
 Section 2.02 Amendment to Section 2.07(e)(iii). Section 2.07(e)(iii) of the
Credit Agreement is hereby amended to delete each reference to “(other than Permitted Additional Debt that constitutes a Permitted Refinancing)” in such Section and insert in each place therefor

  
 1 

 
“(other than Permitted Additional Debt incurred pursuant to Section 9.02(g) or that constitutes a Permitted Refinancing)”. 

Section 2.03 Amendments to Section 9.01 of the Credit Agreement. 

(a) Section 9.01(c) of the Credit Agreement is hereby amended and restated in its entirety to read as follows: 

“(c) Ratio of EBITDAX to Interest. The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of EBITDAX to
interest expense (determined in accordance with GAAP) for the four fiscal quarters then ended to be less than 2.5 to 1.0; provided however, if, in accordance with GAAP, the Borrower realizes any non-cash charges categorized as interest
expense (including any such charges resulting from the accelerated realization of amortizing fees paid to the Administrative Agent or any Lender in connection with this Agreement in any given fiscal quarter as a result of a Borrowing Base
reduction), then such non-cash charges shall be excluded from the calculation of interest expense for purposes of this Section 9.01(c).” 

Section 2.04 Amendment to Section 9.02 of the Credit Agreement. Section 9.02 of the Credit Agreement is hereby amended
by inserting the following clause (g) at the end of such Section: 
 (g) Permitted Additional Debt incurred after the
Sixth Amendment Effective Date, the principal amount of which does not exceed $250,000,000 and any guarantees thereof; provided that (i) the Borrower shall have furnished to the Administrative Agent and the Lenders prior written notice of its
intent to incur such Permitted Additional Debt, the amount thereof, and the anticipated closing date, together with copies of drafts of the material definitive documents therefor promptly after such drafts are available and, when completed, copies
of the final versions of such material definitive documents and (ii) at the time of incurring such Permitted Additional Debt (A) no Default has occurred and is then continuing, (B) no Default would result from the incurrence of such
Permitted Additional Debt after giving effect to the incurrence of such Permitted Additional Debt (and any concurrent repayment of Debt with the proceeds of such incurrence), and (C) after giving effect to the incurrence thereof (and any
concurrent repayment of Debt with the proceeds of such incurrence), the Borrower is in pro forma compliance with the financial covenants contained in Section 9.01. 

ARTICLE III 
 [Reserved]

 ARTICLE IV 

Conditions Precedent 
 This
Amendment shall become effective as of the date first referenced above when and only when the following conditions are satisfied (the “Sixth Amendment Effective Date”): 

  
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 (a) the Administrative Agent shall have received duly executed counterparts of this Amendment
from the Borrower and the Required Lenders, in such numbers as the Administrative Agent or its counsel may reasonably request; and 
 (b)
the Administrative Agent and the Lenders shall have received all fees due and payable on or prior to the effectiveness hereof as provided in any Loan Document, including reimbursement or payment of all out-of-pocket expenses required to be
reimbursed or paid by the Borrower under the Credit Agreement (including, without limitation, the reasonable fees and expenses of counsel to the Administrative Agent). 

ARTICLE V 

Representations and Warranties 

The Borrower hereby represents and warrants to the Administrative Agent and each Lender that: 

(a) Each of the representations and warranties made by the Borrower under the Credit Agreement and each other Loan Document is true and
correct on and as of the actual date of execution of this Amendment by the Borrower, as if made on and as of such date, except for any representations and warranties made as of a specified date, which are true and correct as of such specified date.

 (b) At the time of, and immediately after giving effect to, this Amendment, no Default has occurred and is continuing. 

(c) The execution, delivery and performance by the Borrower of this Amendment have been duly authorized by the Borrower. 

(d) This Amendment constitutes the legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with
its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or
at law. 
 (e) The execution, delivery and performance by the Borrower of this Amendment (i) do not require any consent or approval of,
registration or filing with, or any other action by, any Governmental Authority or any other third Person (including the members or any class of directors of the Borrower or any other Person, whether interested or disinterested), nor is any such
consent, approval, registration, filing or other action necessary for the validity or enforceability of any Loan Document or the consummation of the transactions contemplated thereby, except (a) such as have been obtained or made and are in
full force and effect, and (b) the Borrower may need to file a current report on Form 8-K with the SEC disclosing this Amendment, (ii) will not violate any applicable law or regulation or the
charter, by-laws or other organizational documents of the Borrower or any of its Subsidiaries or any order of any Governmental Authority, (iii) will not violate or result in a default under any indenture, agreement or other instrument binding
upon the Borrower or any of its Subsidiaries or their Properties, or give rise to a right thereunder to require any payment to be made by the Borrower or such Subsidiary and (iv) will not result in the creation or imposition of any Lien on any

  
 3 

 
Property of the Borrower or any of its Subsidiaries (other than the Liens created by the Loan Documents). 

ARTICLE VI 

Miscellaneous 

Section 6.01 Credit Agreement in Full Force and Effect as Amended. Except as specifically amended hereby, the Credit Agreement and
other Loan Documents shall remain in full force and effect and are hereby ratified and confirmed as so amended. Except as expressly set forth herein, this Amendment shall not be deemed to be a waiver, amendment or modification of any provisions of
the Credit Agreement or any other Loan Document or any right, power or remedy of the Administrative Agent or the Lenders, or constitute a waiver of any provision of the Credit Agreement or any other Loan Document, or any other document, instrument
and/or agreement executed or delivered in connection therewith or of any Default or Event of Default under any of the foregoing, in each case whether arising before or after the date hereof or as a result of performance hereunder or thereunder. This
Amendment also shall not preclude the future exercise of any right, remedy, power, or privilege available to the Administrative Agent and/or the Lenders whether under the Credit Agreement, the other Loan Documents, at law or otherwise. All
references to the Credit Agreement shall be deemed to mean the Credit Agreement as modified hereby. The parties hereto agree to be bound by the terms and conditions of the Credit Agreement and Loan Documents as amended by this Amendment, as though
such terms and conditions were set forth herein. Each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof,” “herein” or words of similar import shall mean and be a reference to the
Credit Agreement as amended by this Amendment, and each reference herein or in any other Loan Documents to the “Credit Agreement” shall mean and be a reference to the Credit Agreement as amended and modified by this Amendment. 

Section 6.02 Governing Law. THIS AMENDMENT, AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER, SHALL BE CONSTRUED
IN ACCORDANCE WITH AND BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. 
 Section 6.03 Descriptive Headings, Etc. The
descriptive headings of the sections of this Amendment are inserted for convenience only and shall not be deemed to affect the meaning or construction of any of the provisions hereof. The statements made and the terms defined in the recitals to this
Amendment are hereby incorporated into this Amendment in their entirety. 
 Section 6.04 Entire Agreement. This Amendment and
the documents referred to herein represent the entire understanding of the parties hereto regarding the subject matter hereof and supersede all prior and contemporaneous oral and written agreements of the parties hereto with respect to the subject
matter hereof. 
 Section 6.05 Loan Document. This Amendment is a Loan Document executed under the Credit Agreement, and all
provisions in the Credit Agreement pertaining to Loan Documents apply hereto. 

  
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 Section 6.06 Counterparts. This Amendment may be executed in any number of
counterparts and by different parties on separate counterparts, each of which shall constitute an original but all of which when taken together shall constitute but one agreement. Delivery of an executed counterpart of the signature page of this
Amendment by facsimile or other electronic transmission shall be effective as delivery of a manually executed counterpart thereof. 

Section 6.07 Successors. The execution and delivery of this Amendment by any Lender shall be binding upon each of its successors
and assigns. 
 (Remainder of page intentionally left blank.) 

  
 5 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by
their respective authorized officers as of the date first written above. 
  

			
	NORTHERN OIL AND GAS, INC., as the Borrower
		
	By:		 /s/ Tom Stoelk

	Name:		Tom Stoelk
	Title:		Chief Financial Officer

  
 SIGNATURE
PAGE 
 SIXTH AMENDMENT TO CREDIT AGREEMENT 

 
			
	ROYAL BANK OF CANADA, as Administrative Agent
		
	By:		 /s/ Rodica Dutka

	Name:		Rodica Dutka
	Title:		Manager, Agency
	
	ROYAL BANK OF CANADA, as a Lender
		
	By:		 /s/ Don J. McKinnerney

	Name:		Don J. McKinnerney
	Title:		Authorized Signatory
	
	SUNTRUST BANK, as a Lender
		
	By:		 /s/ Shannon Juhan

	Name:		Shannon Juhan
	Title:		Director
	
	BMO HARRIS FINANCING, INC., as a Lender
		
	By:		 /s/ Melissa Guzman

	Name:		Melissa Guzman
	Title:		Vice President
	
	KEYBANK NATIONAL ASSOCIATION, as a Lender
		
	By:		 /s/ George E. McKean

	Name:		George E. McKean
	Title:		Senior Vice President
	
	U.S. BANK NATIONAL ASSOCIATION, as a Lender
		
	By:		 /s/ Todd Anderson

	Name:		Todd Anderson
	Title:		Vice President

  
 SIGNATURE
PAGE 
 SIXTH AMENDMENT TO CREDIT AGREEMENT 

 
			
	SANTANDER BANK, N.A., as a Lender
		
	By:		 /s/ Vaughn Buck

	Name:		Vaughn Buck
	Title:		Executive Vice President
		
	By:		 /s/ Aidan Lanigan

	Name:		Aidan Lanigan
	Title:		Senior Vice President
	
	CAPITAL ONE, NATIONAL ASSOCIATION, as a Lender
		
	By:		 /s/ Robert James

	Name:		Robert James
	Title:		Director
	
	BOKF, NA dba BANK OF OKLAHOMA, as a Lender
		
	By:		 /s/ Parker Heikes

	Name:		Parker Heikes
	Title:		Vice President
	
	BRANCH BANKING & TRUST COMPANY, as a Lender
		
	By:		 /s/ James Giordano

	Name:		James Giordano
	Title:		Vice President
	
	CADENCE BANK, N.A., as a Lender
		
	By:		 /s/ Steven Taylor

	Name:		Steven Taylor
	Title:		Vice President

  
 SIGNATURE
PAGE 
 SIXTH AMENDMENT TO CREDIT AGREEMENT 

 
			
	THE BANK OF NOVA SCOTIA, as a Lender
		
	By:		 /s/ Alan Dawson

	Name:		Alan Dawson
	Title:		Director
	
	ING CAPITAL LLC, as a Lender
		
	By:		 /s/ Juli Bieser

	Name:		Juli Bieser
	Title:		Managing Director
		
	By:		 /s/ Scott Lamoreaux

	Name:		Scott Lamoreaux
	Title:		Director
	
	FIFTH THIRD BANK, as a Lender
		
	By:		 /s/ Thomas Kleiderer

	Name:		Thomas Kleiderer
	Title:		Director

  
 SIGNATURE
PAGE 
 SIXTH AMENDMENT TO CREDIT AGREEMENTEX-10.1

 Exhibit 10.1 

SECOND AMENDMENT 
 TO

 SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT 

This Second Amendment to Second Amended and Restated Loan and Security Agreement (this “Amendment”) is entered into as of the 15 day
of May, 2015, and made effective as of May 8, 2015, by and among Silicon Valley Bank (“Bank”) and GigOptix, Inc., a Delaware corporation (“GigOptix”), ChipX, Incorporated, a Delaware corporation and wholly-owned Subsidiary
of GigOptix (“ChipX”), and Endwave Corporation, a Delaware corporation and wholly-owned Subsidiary of GigOptix (“Endwave” and together with GigOptix and ChipX, individually and collectively, jointly and severally,
“Borrower”), whose address is 130 Baytech Drive, San Jose, CA 95134. 
 RECITALS 

A. Bank and Borrower have entered into that certain Second Amended and Restated Loan and Security Agreement dated on or about
March 25, 2013 (as the same has been and may from time to time be further amended, modified, supplemented or restated, the “Loan Agreement”). 

B. Bank has extended credit to Borrower for the purposes permitted in the Loan Agreement. 

C. Borrower has requested that Bank amend the Loan Agreement to (i) increase the amount available to be borrowed under the
Revolving Line, (ii) extend the Maturity Date, and (iii) make certain other revisions to the Loan Agreement as more fully set forth herein. 

D. Bank has agreed to so amend certain provisions of the Loan Agreement, but only to the extent, in accordance with the terms, subject
to the conditions and in reliance upon the representations and warranties set forth below. 
 AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing recitals and other good and valuable consideration, the
receipt and adequacy of which is hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows: 
 1.
Definitions. Capitalized terms used but not defined in this Amendment shall have the meanings given to them in the Loan Agreement. 

2. Amendments to Loan Agreement. 

2.1 Section 2.1.1 (Financing of Accounts). Clauses (b) and (j) of Section 2.1.1 are hereby amended by deleting each
reference to “Three Million Five Hundred Thousand Dollars ($3,500,000)” therein in its entirety and replacing it with “Seven Million Dollars ($7,000,000).” 

  
 1 

 2.2 Sections 2.5.1 (Finance Charge). Section 2.5.1 is hereby amended by deleting the
reference to “five percent (5.0%)” and replacing it with “three percent (3.0%)”. 
 2.3 Section 6.2 (Financial
Statements, Reports, Certificates). Section 6.2(b) is hereby amended to add “and there are any Advances outstanding” immediately after the reference to “If Borrower is Borrowing Base Eligible” therein. 

2.4 Section 7.2 (Changes in Business, Management, Ownership or Business Locations). Section 7.2(c)(iv) is hereby amended by
deleting it in its entirety and replacing it with “(iv) allow GigOptix Israel to cease being a wholly-owned Subsidiary of ChipX (other than the merger of GigOptix Israel into a Borrower or the dissolution of GigOptix Israel after all of its
assets (if any) have been transferred to a Borrower)”. 
 2.5 Section 8.2 (Covenant Default). Section 8.2 is hereby
amended by deleting the comma after “contained in the Agreement” and replacing it with the word “or”. 
 2.6
Section 9.6 (Borrower Liability). Section 9.6 is hereby amended by (a) replacing “Either” with “Any” in the first sentence and (b) replacing “the other as agent” with “each other as
agent” in the second sentence. 
 2.7 Section 13 (Definitions). The following terms and their respective definitions set
forth in Section 13.1 are amended in their entirety and replaced with the following: 
 “Applicable
Rate” is a floating per annum rate equal to the greater of (a) the Prime Rate plus four tenths of one percent (0.40%) or (b) three and sixty-five hundredths percent (3.65%). 

“Facility Amount” is Eight Million Seven Hundred Fifty Thousand Dollars ($8,750,000). 

“Maturity Date” is May 6, 2016. 

“Permitted Foreign Account Debtors” means Cisco Systems, National Instruments, Huawei, ZTE, Opnext, Oclaro,
Alcatel-Lucent, Barco Silex, Fujitsu, Mitsubishi, Sumitomo, Sony and NTT Electronics Corporation; provided, however, that Bank shall also evaluate whether to add the following Account Debtors to the list of “Permitted Foreign Account
Debtors”, which determination as to whether to add them to the list shall be made in Bank’s sole discretion: NEC, Hamamatsu, Intel, Pangaea, Midoriya, Litrax, FCI, Coriant, Adva, Delta, SAE, AOI, Centera, Laxnet, II-VI, Innolight, Icron,
LIB and GSG. 
 2.8 Section 13 (Definitions). Clauses (c) and (d) of the definition of “Permitted Liens” in
Section 13.1 are hereby amended by deleting the references to “Fifty Thousand Dollars ($50,000)” and replacing them with “One Hundred Thousand Dollars ($100,000)”. 

  
 2 

 2.9 Exhibit A (Collateral). Exhibit A of the Loan Agreement is hereby amended by deleting
it in its entirety and replacing it with Exhibit A attached hereto. 
 2.10 Exhibit D (Borrowing Base Certificate). Exhibit D of the
Loan Agreement is hereby amended by deleting it in its entirety and replacing it with Exhibit D attached hereto. 
 3. Limitation of
Amendments. 
 3.1 The amendments set forth in Section 2, above, are effective for the purposes set forth herein and shall be
limited precisely as written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right or remedy which Bank may now have
or may have in the future under or in connection with any Loan Document. 
 3.2 This Amendment shall be construed in connection with
and as part of the Loan Documents and all terms, conditions, representations, warranties, covenants and agreements set forth in the Loan Documents, except as herein amended, are hereby ratified and confirmed and shall remain in full force and
effect. 
 4. Representations and Warranties. To induce Bank to enter into this Amendment, Borrower hereby represents and warrants to
Bank as follows: 
 4.1 Immediately after giving effect to this Amendment (a) the representations and warranties contained in the
Loan Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date, in which case they are true and correct as of such date), and
(b) no Event of Default has occurred and is continuing; 
 4.2 Borrower has the power and authority to execute and deliver this
Amendment and to perform its obligations under the Loan Agreement, as amended by this Amendment; 
 4.3 The organizational documents
of Borrower most recently delivered to Bank remain true, accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect; 

4.4 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment, have been duly authorized; 
 4.5 The execution and delivery by Borrower of this Amendment
and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not and will not contravene (a) any law or regulation binding on or affecting Borrower, (b) any contractual restriction with a
Person binding on Borrower, (c) any order, judgment or decree of any court or other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (d) the organizational documents of Borrower; 

  
 3 

 4.6 The execution and delivery by Borrower of this Amendment and the performance by
Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by any governmental or
public body or authority, or subdivision thereof, binding on Borrower, except as already has been obtained or made; and 
 4.7 This
Amendment has been duly executed and delivered by Borrower and is the binding obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization,
liquidation, moratorium or other similar laws of general application and equitable principles relating to or affecting creditors’ rights. 

5. Integration. This Amendment 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 Amendment and the Loan Documents merge into this Amendment and the Loan Documents.

 6. Counterparts. This Amendment may be executed in any number of counterparts and all of such counterparts taken together shall be
deemed to constitute one and the same instrument. 
 7. Effectiveness. This Amendment shall be deemed effective as of May 8,
2015 upon (a) the due execution and delivery to Bank of this Amendment by each party hereto, (b) Borrower’s payment of a loan fee in an amount equal to Twenty-Five Thousand Dollars ($25,000), (c) Bank’s receipt of the
Acknowledgment of Amendment and Reaffirmation of Guaranty substantially in the form attached hereto as Schedule 1-1 and 1-2, duly executed and delivered by each Guarantor, and (d) payment of Bank’s legal fees and expenses in connection
with the negotiation and preparation of this Amendment. 
 [Signature page follows.] 

  
 4 

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

									
	BANK				BORROWER
			
	 Silicon Valley Bank
				GigOptix, Inc.
	 By:
		 

  
				By:		 

  

	 Name:
		 James Caron
				Name:		 Dr. Avi Katz

	 Title:
		 VP
				Title:		 CEO

				
							ChipX, Incorporated
					
							By:		 

  

							Name:		 Dr. Avi Katz

							Title:		 President

				
							Endwave Corporation
					
							By:		 

  

							Name:		 Dr. Avi Katz

							Title:		 President

 [signature page of Second Amendment to 

Second Amended and Restated Loan and Security Agreement] 

 Schedule 1-1 

ACKNOWLEDGMENT OF AMENDMENT 

AND REAFFIRMATION OF GUARANTY 

Section 1. Guarantor hereby acknowledges and confirms that it has reviewed and approved the terms and conditions of the Second
Amendment to Second Amended and Restated Loan and Security Agreement dated on or about the date hereof (the “Amendment”). 

Section 2. Guarantor hereby agrees that the Guaranty relating to the Obligations of Borrower under the Loan Agreement shall
continue in full force and effect, shall be valid and enforceable and shall not be impaired or otherwise affected by the execution of the Amendment or any other document or instrument delivered in connection herewith. 

Section 3. Guarantor represents and warrants that, after giving effect to the Amendment, all representations and warranties
contained in the Guaranty are true, accurate and complete as if made the date hereof. 
 Dated as of 5/15/15 

 

							
	GUARANTOR				GIGOPTIX, LLC
					By:		 

  

					Name:		 Dr. Avi Katz

					Title:		 Director

 Schedule 1-2 

ACKNOWLEDGMENT OF AMENDMENT 

AND REAFFIRMATION OF GUARANTY 

Section 1. Guarantor hereby acknowledges and confirms that it has reviewed and approved the terms and conditions of the Second
Amendment to Second Amended and Restated Loan and Security Agreement dated on or about the date hereof (the “Amendment”). 

Section 2. Guarantor hereby agrees that the Guaranty relating to the Obligations of Borrower under the Loan Agreement shall
continue in full force and effect, shall be valid and enforceable and shall not be impaired or otherwise affected by the execution of the Amendment or any other document or instrument delivered in connection herewith. 

Section 3. Guarantor represents and warrants that, after giving effect to the Amendment, all representations and warranties
contained in the Guaranty are true, accurate and complete as if made the date hereof. 
 Dated as of 5/15/15 

 

							
	GUARANTOR				LUMERA CORPORATION
				
					By:		 

  

					Name:		 Dr. Avi Katz

					Title:		 Director

 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, 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. 

 EXHIBIT D 

BORROWING BASE CERTIFICATE 
  

 
 Borrower: GigOptix, Inc., Chipx, Incorporated and
Endwave Corporation 
 Lender: Silicon Valley Bank 
 Commitment
Amount: $ 7,000,000 
  

							
	 ACCOUNTS RECEIVABLE
	   

	 1.
		Accounts Receivable (invoiced) Book Value as
of                                		$	 	  
	 2.
		Additions (Please explain on next page)		$	 	  
	 3.
		Less: Intercompany / Employee / Non-Trade Accounts		$	 	  
	 4.
		NET TRADE ACCOUNTS RECEIVABLE		$	 	  
	
	 ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication)
	   

	 5.
		90 Days Past Invoice Date		$	 	  
	 6.
		Credit Balances over 90 Days		$	 	  
	 7.
		Balance of 50% over 90 Day Accounts (Cross-Age or Current Affected)		$	 	  
	 8.
		Foreign Account Debtor Accounts1		$	 	  
	 9.
		Foreign Invoiced and/or Collected Accounts		$	 	  
	 10.
		Contra / Customer Deposit Accounts		$	 	  
	 11.
		U.S. Government Accounts2		$	 	  
	 12.
		Promotion or Demo Accounts; Guaranteed Sale or Consignment Sale Accounts		$	 	  
	 13.
		Accounts with Memo or Pre-Billings		$	 	  
	 14.
		Contract Accounts; Accounts with Progress / Milestone Billings		$	 	  
	 15.
		Accounts for Retainage Billings		$	 	  
	 16.
		Trust / Bonded Accounts		$	 	  
	 17.
		Bill and Hold Accounts		$	 	  
	 18.
		Unbilled Accounts		$	 	  
	 19.
		Non-Trade Accounts (If not already deducted above)		$	 	  
	 20.
		Accounts with Extended Term Invoices (Net 90+)		$	 	  
	 21.
		Chargebacks Accounts / Debit Memos		$	 	  
	 22.
		Product Returns/Exchanges		$	 	  
	 23.
		Disputed Accounts; Insolvent Account Debtor Accounts		$	 	  
	 24.
		Deferred Revenue / Other (Please explain on next page)		$	 	  
	 25.
		TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS		$	 	  
			
	 26.
		Eligible Accounts (#4 minus #25)		$	 	  
	 27.
		ELIGIBLE AMOUNT OF ACCOUNTS (80% of #26)		$	 	  
	
	 BALANCES
	   

	 28.
		Maximum Loan Amount		$	7,000,000	  
	 29.
		Total Funds Available (lesser of #27 or #28)		$	 	  
	 30.
		Present balance owing on Line of Credit		$	 	  
	 31.
		RESERVE POSITION (#29 minus #30)		$	 	  

 [Continued on following page.] 

 

	1 	Unless permitted in (d) of “Eligible Accounts”. 

	2 	Exclusion applies to Accounts in excess of $500,000 owing from the US Government without compliance with Assignment of Claims. 

 Explanatory comments from previous page: 

 
  

  
  

  
  

  
  

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. 
  

									
	 		 		 		 		BANK USE ONLY
	 COMMENTS:
				Received by:		  

									AUTHORIZED SIGNER
							Date:		  

	 By:
		  
				Verified:		  

			                 Authorized Signer
						AUTHORIZED SIGNER
	 Date:
		  
				Date:		  

							Compliance Status:		        Yes    No

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00245-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00245-of-00352.parquet"}]]