Document:

EX-10.3

 Exhibit 10.3 

EXECUTION VERSION 
 SECOND LIEN
SECURITY AGREEMENT 
 Dated March 9, 2018 

From 
 The Grantors referred to
herein 
 as Grantors 

to 
 BARCLAYS BANK PLC 

as Administrative Agent 

  
 Syniverse Security
Agreement

 TABLE OF CONTENTS 

 

					
	Section	  	Page	 
	 Section 1. Grant of Security
	  	 	2	 
		
	 Section 2. Security for Obligations
	  	 	7	 
		
	 Section 3. Grantors Remain Liable
	  	 	7	 
		
	 Section 4. Delivery and Control of Security Collateral
	  	 	7	 
		
	 Section 5. Maintaining Collateral Accounts, Electronic Chattel Paper, Transferable Records
and Letter-of-Credit Rights; Giving Notice of Commercial Tort Claims; Letter of Credit Rights
	  	 	8	 
		
	 Section 6. Representations and Warranties
	  	 	9	 
		
	 Section 7. Further Assurances
	  	 	11	 
		
	 Section 8. As to Insurance
	  	 	12	 
		
	 Section 9. Post-Closing Changes; Bailees; Collections on Subject Agreements and
Accounts
	  	 	13	 
		
	 Section 10. As to Intellectual Property Collateral
	  	 	14	 
		
	 Section 11. Voting Rights; Dividends; Etc.
	  	 	15	 
		
	 Section 12. Administrative Agent as Bailee for the Grantors
	  	 	17	 
		
	 Section 13. Administrative Agent Appointed Attorney-in-Fact
	  	 	17	 
		
	 Section 14. Administrative Agent May Perform
	  	 	17	 
		
	 Section 15. The Administrative Agent’s Duties
	  	 	18	 
		
	 Section 16. Remedies
	  	 	18	 
		
	 Section 17. Expenses
	  	 	20	 
		
	 Section 18. Amendments; Waivers; Additional Grantors; Etc.
	  	 	20	 
		
	 Section 19. Notices, Etc.
	  	 	21	 
		
	 Section 20. Continuing Security Interest; Assignments under the Credit Agreement
	  	 	21	 
		
	 Section 21. Release; Termination
	  	 	21	 
		
	 Section 22. Execution in Counterparts
	  	 	22	 

  

					
	    	  		  	Syniverse Security Agreement

					
	 Section 23. The Mortgages
	  	 	22	 
		
	 Section 24. Intercreditor Relations
	  	 	22	 
		
	 Section 25. Governing Law; Jurisdiction; Etc.
	  	 	23	 

 Schedules: 
  

					
	Schedule I	  	-	  	Location, Chief Executive Office, Place Where Agreements Are Maintained, Type Of Organization, Jurisdiction Of Organization And Organizational Identification Number
			
	Schedule II	  	-	  	Pledged Interests
			
	Schedule III	  	-	  	Patents, Trademarks and Trade Names and Copyrights
			
	Schedule IV	  	-	  	Commercial Tort Claims
			
	Schedule V	  	-	  	Letters of Credit

 Exhibits: 
  

							
	 Exhibit A
	  	 	-	 	  	 Form of Security Agreement Supplement

			
	 Exhibit B-1
	  	 	-	 	  	 Form of Grant of Security Interest in Copyrights

			
	 Exhibit B-2
	  	 	-	 	  	 Form of Notice and Confirmation of Grant of Security Interest in Patents

			
	 Exhibit B-3
	  	 	-	 	  	 Form of Notice and Confirmation of Grant of Security Interest in Trademarks

  

  

					
	    	  		  	Syniverse Security Agreement

 SECOND LIEN SECURITY AGREEMENT 

SECOND LIEN SECURITY AGREEMENT dated March 9, 2018 (this “Agreement”) made by SYNIVERSE HOLDINGS, INC., a
Delaware corporation (the “Borrower”), BUCCANEER HOLDINGS, LLC, a Delaware limited liability company (“Holdings”), and the Subsidiaries of the Borrower party hereto (the Borrower, Holdings and such
Subsidiaries being, collectively, the “Grantors”), to BARCLAYS BANK PLC, as administrative agent (in such capacity, together with any successor administrative agent, the “Administrative Agent”) for the
Secured Parties. 
 PRELIMINARY STATEMENTS. 

(1) The Borrower has entered into a Second Lien Credit Agreement dated of even date herewith (said Agreement, as it may hereafter be amended,
amended and restated, supplemented, replaced, refinanced or otherwise modified from time to time (including any increases of the principal amount outstanding thereunder), being the “Credit Agreement”) with Holdings,
the Lenders and the Administrative Agent. 
 (2) Pursuant to the Credit Agreement, the Grantors are entering into this Agreement in order to
grant to the Administrative Agent, for the ratable benefit of the Secured Parties, a security interest in the Collateral (as hereinafter defined). 

(3) It is a condition precedent to the making of Loans by the Lenders under the Credit Agreement that the Grantors shall have granted the
security interest and made the pledge contemplated by this Agreement. 
 (4) Each Grantor will derive substantial direct and indirect benefit
from the transactions contemplated by the Loan Documents and the other Secured Documents (as defined herein). 
 (5) The Borrower is party to
a Credit Agreement dated as of April 23, 2012 (said Agreement, as it may hereafter be amended, amended and restated, supplemented, replaced, refinanced or otherwise modified from time to time (including any increases of the principal
amount outstanding thereunder), being the “First Lien Credit Agreement”) with Holdings, the Lenders (as defined therein) and Barclays Bank PLC as administrative agent (the “First Lien Administrative
Agent”). 
 (6) The Administrative Agent and the First Lien Administrative Agent have entered into an Intercreditor Agreement,
acknowledged by the Grantors, dated the date hereof (as amended, waived, supplemented or otherwise modified from time to time, the “Base Intercreditor Agreement”) and the Administrative Agent and the First Lien Administrative
Agent and/or one or more Additional Agent (as defined in the Base Intercreditor Agreement) may in the future enter into one or more Other Intercreditor Agreements or Additional Indebtedness Joinders (as defined in the Intercreditor Agreement). 

  

					
	    	  	1	  	Syniverse Security Agreement

 (7) Terms defined in the Credit Agreement and not otherwise defined in this Agreement are used in
this Agreement as defined in the Credit Agreement, and capitalized terms in Section 24 that are defined in the Base Intercreditor Agreement and not otherwise defined in this Agreement or the Credit Agreement are used in Section 24 as
defined in the Base Intercreditor Agreement. Further, unless otherwise defined in this Agreement or in the Credit Agreement, terms defined in Article 8 or 9 of the UCC (as defined below) are used in this Agreement as such terms are defined in such
Article 8 or 9 (including Accounts, Certificated Security, Chattel Paper, Commercial Tort Claims, Commodity Account, Commodity Contract, Deposit Accounts, Documents, Equipment, Farm Products, Financial Assets, Fixtures, General Intangibles, Goods,
Instruments, Inventory, Investment Property, Letter of Credit Rights, Securities Accounts, Securities Intermediary, Security, Security Entitlements and Supporting Obligations). “UCC” means the Uniform Commercial Code as
defined in the Credit Agreement. 
 NOW, THEREFORE, in consideration of the premises and in order to induce the Lenders to make Loans under
the Credit Agreement, each Grantor hereby agrees with the Administrative Agent for the ratable benefit of the Secured Parties as follows: 

Section 1. Grant of Security. Each Grantor hereby grants to the Administrative Agent, for the benefit of the Secured Parties, a
security interest in such Grantor’s right, title and interest in and to the following, other than Excluded Property (as hereinafter defined), in each case, as to each type of property described below, whether now owned or hereafter acquired by
such Grantor, wherever located, and whether now or hereafter existing or arising (collectively, the “Collateral”): 

(a) all Accounts; 
 (b) all cash
and Cash Equivalents; 
 (c) all Chattel Paper; 

(d) all Commercial Tort Claims set forth on Schedule IV hereto or for which notice is provided pursuant to
Section 5(b) below; 
 (e) all Deposit Accounts; 

(f) all Documents; 
 (g) all
Equipment; 
 (h) Subject to Section 23 hereof, all Fixtures; 

(i) all General Intangibles; 
 (j)
all Goods; 
 (k) all Instruments; 

(l) all Inventory; 

  

					
	    	  	2	  	Syniverse Security Agreement

 (m) all
Letter-of-Credit Rights; 
 (n) the following: 

(i) all indebtedness from time to time owed to such Grantor; and 

(ii) all Equity Interests from time to time acquired, owned or held by such Grantor in any manner, including, without
limitation, the Equity Interests owned or held by each Grantor set forth opposite such Grantor’s name on and otherwise described on Schedule II (all such Equity Interests, being the “Pledged Interests”), and all
proceeds (as such term is defined in Section 9-102(a)(64) of the UCC which shall include, without limitation, all dividends or other income from the Pledged Interests, collections thereon or distributions
or payments with respect thereto) thereof; provided that such Grantor shall not be required to pledge, and the terms “Pledged Interests”, “Collateral” and “Security Collateral” (as defined
below) used in this Agreement shall not include any Equity Interests in any Foreign Subsidiary in excess of 65% of any class of Equity Interests of such Subsidiary entitled to vote (within the meaning of Treasury Regulation Section 1.956-2(c)(2) promulgated under the Code); 
 (o) all Investment Property (provided
that the grant of security interest pursuant to this clause (o) shall exclude Pledged Interests and Pledged Debt (as defined below) (both of which are included in the grant in clause (n) above) and any Equity Interests
excluded by either such definitions) and all Financial Assets, and all proceeds (as such term is defined in Section 9-102(a)(64) of the UCC which shall include, without limitation, all dividends or other
income from the Investment Property or Financial Assets, collections thereon or distributions or payments with respect thereto) thereof; 

(p) all contracts and agreements between any Grantor and one or more additional parties (including, without limitation, any Swap Contracts,
licensing agreements and any partnership agreements, joint venture agreements, limited liability company agreements) and the IP Agreements (as hereinafter defined), in each case as such agreements may be amended, amended and restated, supplemented
or otherwise modified from time to time (collectively, the “Subject Agreements”), including, without limitation, all rights of such Grantor to receive moneys due and to become due under or pursuant to the Subject Agreements
(all such Collateral in this clause (p) being the “Agreement Collateral”); 
 (q) with respect to any Grantor
all of such Grantor’s right, title and interest in and to the following (collectively, the “Intellectual Property Collateral”): 

(i) all United States patents, patent applications, utility models, statutory invention registrations and any reissues,
reexaminations, substitutions, renewals, extensions, divisions, continuations, continuations-in-part and provisionals thereof and all rights to obtain any of the
foregoing (“Patents”); 

  

					
	    	  	3	  	Syniverse Security Agreement

 (ii) all United States trademarks, service marks, domain names, trade dress,
logos, designs, slogans, trade names, business names, corporate names and other source identifiers, whether registered or unregistered (provided that no security interest shall be granted in United States intent-to-use trademark or service mark applications to the extent that, and solely during the period in which, the grant of a security interest therein would impair the validity or enforceability of such intent-to-use trademark or service mark applications or the registrations issuing therefrom under applicable federal law), together, in each case, with the goodwill of the
business connected therewith and symbolized thereby (“Trademarks”); 
 (iii) all United States
copyrights, including, without limitation, copyrights in Computer Software (as hereinafter defined), internet web sites and the content thereof, whether registered or unregistered (“Copyrights”); 

(iv) all computer software, programs and databases (including, without limitation, source code, object code and all related
applications and data files), firmware and documentation and materials relating thereto and any substitutions, replacements, improvements, error corrections, updates and new versions of any of the foregoing, in the United States
(“Computer Software”); 
 (v) all United States trade secrets, including, without limitation the
following to the extent recognized as trade secrets under the laws of the state of creation in the United States, confidential and proprietary information, know-how, manufacturing and production processes and
techniques, inventions, research and development information, databases and data, including, without limitation, technical data, financial, marketing and business data, pricing and cost information, business and marketing plans and customer and
supplier lists and information (collectively, “Trade Secrets”); 
 (vi) all United States
registrations and applications for registration for any of the foregoing, including, without limitation, those registrations and applications for registration set forth in Schedule III hereto (as such Schedule III may be supplemented
from time to time by supplements to this Agreement, each such supplement being substantially in the form of the Intellectual Property Security Agreements executed by such Grantor to the Administrative Agent from time to time), together with all
reissues, divisions, continuations, continuations-in-part, extensions, renewals and reexaminations thereof; 

(vii) all United States agreements, permits, consents, orders and franchises relating to the license, development, use or
disclosure of any intellectual property to which such Grantor, now or hereafter, is a party (“IP Agreements”); and 

(viii) any claims for damages and injunctive relief for past, present and future infringement, dilution, misappropriation,
violation, misuse or breach with respect to any of the foregoing, with the right, but not the obligation, to sue for and collect, or otherwise recover, such damages; 

  

					
	    	  	4	  	Syniverse Security Agreement

 (r) all books and records (including, without limitation, customer lists, credit files, printouts
and other computer output materials and records) of such Grantor pertaining to any of the Collateral; and 
 (s) all proceeds of, collateral
for, income, royalties and other payments now or hereafter due and payable with respect to, and Supporting Obligations relating to, any and all of the Collateral (including, without limitation, proceeds, collateral and Supporting Obligations that
constitute property of the types described in clauses (a) through (r) of this Section 1), and, to the extent not otherwise included, all payments under insurance (whether or not the Administrative Agent is the loss
payee thereof), or any indemnity, warranty or guaranty, payable by reason of loss or damage to or otherwise with respect to any of the foregoing Collateral; 

provided that notwithstanding anything to the contrary contained in the foregoing clauses (a) through (s), the security interest created by this
Agreement shall not extend to, and the terms “Collateral,” “Security Collateral,” “Agreement Collateral,” “Intellectual Property Collateral” and other terms defining the components of the Collateral in the
foregoing clauses (a) through (s) shall not include, any of the following (collectively, the “Excluded Property”): 

(i) any Equity Interests issued by an Unrestricted Subsidiary or a Subsidiary of a Foreign Subsidiary; 

(ii) any Equity Interests in any Foreign Subsidiary in excess of 65% of any class of Equity Interests of such Subsidiary
entitled to vote (within the meaning of Treasury Regulation Section 1.956-2(c)(2) promulgated under the Code); 

(iii) any right, title or interest in or to any patents, utility models, statutory invention registrations, trademarks, service
marks, domain names, trade dress, logos, designs, slogans, trade names, business names, corporate names and other source identifiers, copyrights, computer software, programs and databases, firmware and documentation and materials relating thereto,
trade secrets or other intellectual property, and all applications or registrations thereof, and all agreements, permits, consents, orders and franchises relating to the license, development, use or disclosure of any intellectual property, in each
case, governed by or arising or existing under, pursuant to or by virtue of the laws of any jurisdiction other than the United States of America or state thereof (collectively, “Foreign Intellectual Property”); 

(iv) any lease, license or other agreement, contract, instrument or any property subject to a purchase money security interest
or other similar arrangement permitted under the Credit Agreement to the extent that (and only for so long as) a grant of a security interest therein would violate or invalidate such lease, license, agreement, contract, instrument or purchase money
security interest or similar arrangement, or create a right of termination in favor of any other party thereto other than any Grantor, in each case to the extent not rendered unenforceable pursuant to applicable provisions of the UCC or other
applicable law, provided, that the Collateral includes proceeds and receivables of any property excluded under this clause (iv), the assignment of which is expressly deemed effective under the UCC notwithstanding such prohibition; 

  

					
	    	  	5	  	Syniverse Security Agreement

 (v) any Equity Interests in Joint Ventures to the extent that the grant of a
security interest therein would require the consent of any Person (other than an Affiliate of the Borrower) pursuant to such Joint Venture’s joint venture agreement or other Organization Document which consent has not been obtained; 

(vi) any leasehold interests in real property (including Fixtures related thereto) (and there shall be no requirement to
deliver landlord lien waivers, estoppels or collateral access letters); 
 (vii) any motor vehicles and other assets subject
to a certificate of title; 
 (viii) any aircraft, airframes, aircraft engines or helicopters, or any equipment or other
assets constituting a part thereof; 
 (ix) any property of any Grantor, to the extent (A) that any applicable Law or
Governmental Authority prohibits the creation of a Lien thereon or such creation would require a consent of any Governmental Authority that has not been obtained or (B) the grant of such security interest would result in adverse tax
consequences (including as a result of the operation of Section 956 of the Code or any similar law or regulation in any applicable jurisdiction) as reasonably determined by the Borrower in good faith, and as certified in writing to the
Administrative Agent by a Responsible Officer of the Borrower; 
 (x) any property of any Grantor, to the extent that the
Administrative Agent and the Borrower reasonably agree that the cost of obtaining a security interest therein, or perfection thereof, would be excessive in relation to the benefit obtained thereby; 

(xi) Letter of Credit Rights (other than supporting obligations for Collateral) with an individual stated amount, and
Commercial Tort Claims with an individual stated amount, in each case, of less than $7,500,000; provided that no control agreement shall be required in connection therewith; 

(xii) any fee interest in owned real property (including Fixtures related thereto) if the fair market value of such fee
interest is less than $7,500,000 individually; and 
 (xiii) any margin stock (within the meaning of Regulation U issued by
the FRB); 
 provided, further, that notwithstanding anything to the contrary contained in the foregoing clauses (a) through (s), no Grantor
shall be required to (x) enter into control agreements with respect to, or otherwise perfect any security interest by “control”, including over securities accounts, deposit accounts, other bank accounts, cash and cash equivalents and
accounts related to the clearing, payment processing and similar operations of the Borrower and its Restricted 

  

					
	    	  	6	  	Syniverse Security Agreement

 
Subsidiaries, other than Pledged Interests and Pledged Debt, (y) take any action in any jurisdiction (other than in the United States of America, any state thereof and the District of
Columbia) to perfect any security interest in any Collateral, including in Equity Interests of Foreign Subsidiaries, or (z) perfect the security interest in the following other than by the filing of a UCC financing statement: (1) Fixtures,
except to the extent that the same are Equipment or are related to real property covered or intended by the Loan Documents to be covered by a mortgage in favor of the Lenders, (2) Subject Agreements, (3) goods included in Collateral
received by any Person from any Grantor for “sale or return” within the meaning of Section 2-326 of the Uniform Commercial Code of the applicable jurisdiction, to the extent of claims of
creditors of such Person, (4) Cash Equivalents, (5) proceeds of Accounts or Inventory which do not themselves constitute Collateral and (6) uncertificated securities (clauses (x), (y) and (z) collectively, the
“Perfection Exceptions”). 
 Section 2. Security for Obligations. This Agreement secures, in the case of
each Grantor, the payment of all Obligations of such Grantor now or hereafter existing under the Loan Documents (collectively, the “Secured Documents”) (as such Secured Documents may be amended, amended and restated,
supplemented, replaced, refinanced or otherwise modified from time to time (including any increases of the principal amount outstanding thereunder)), whether direct or indirect, absolute or contingent, and whether for principal, reimbursement
obligations, interest, fees, premiums, penalties, indemnifications, contract causes of action, costs, expenses or otherwise (all such Obligations being the “Secured Obligations”). Without limiting the generality of the
foregoing, this Agreement secures, as to each Grantor, the payment of all amounts that constitute part of the Secured Obligations that would be owed by such Grantor to any Secured Party under the Secured Documents but for the fact that they are
unenforceable or not allowable due to the existence of a bankruptcy, or reorganization or similar proceeding involving a Loan Party. 

Section 3. Grantors Remain Liable. Anything herein to the contrary notwithstanding, (a) each Grantor shall remain liable
under the contracts and agreements included in such Grantor’s Collateral to the extent set forth therein to perform all of its duties and obligations thereunder to the same extent as if this Agreement had not been executed, (b) the
exercise by the Administrative Agent of any of the rights hereunder shall not release any Grantor from any of its duties or obligations under the contracts and agreements included in the Collateral and (c) no Secured Party shall have any
obligation or liability under the contracts and agreements included in the Collateral by reason of this Agreement or any other Secured Document, nor shall any Secured Party be obligated to perform any of the obligations or duties of any Grantor
thereunder or to take any action to collect or enforce any claim for payment assigned hereunder. 
 Section 4. Delivery and Control
of Security Collateral. 
 (a) As and to the extent required pursuant to Sections 6.12(a), 6.14 and 6.16 of the Credit Agreement,
(i) all certificates representing or evidencing the Pledged Interests and (ii) all instruments representing or evidencing indebtedness from time to time owed to any Grantor by Holdings, the Borrower or any of its Subsidiaries in an
aggregate principal amount in excess of $7,500,000 (the “Pledged Debt” and, together with the Pledged Interests, the “Security Collateral”) shall be delivered to and held by or on behalf of the
Administrative Agent pursuant 

  

					
	    	  	7	  	Syniverse Security Agreement

 
hereto and shall be in suitable form for transfer by delivery, or shall be accompanied by duly executed instruments of transfer or assignment in blank, all in form and substance reasonably
satisfactory to the Administrative Agent. During the continuation of an Event of Default, the Administrative Agent shall have the right, at any time in its discretion and without notice to any Grantor, to (i) transfer to or to register in the
name of the Administrative Agent or any of its nominees any or all of the Security Collateral, subject only to the revocable rights specified in Section 11(a), (ii) exchange certificates or instruments representing or
evidencing Security Collateral for certificates or instruments of smaller or larger denominations, and (iii) convert Financial Assets credited to any Securities Account to Security Collateral consisting of Financial Assets held directly by the
Administrative Agent, and to convert Financial Assets held directly by the Administrative Agent to Security Collateral consisting of Financial Assets credited to any Securities Account. 

(b) Promptly upon the reasonable request of the Administrative Agent, with respect to any Security Collateral in which any Grantor has any
right, title or interest and that constitutes an uncertificated security of a Subsidiary, such Grantor will cause the issuer thereof either (i) to register the Administrative Agent as the registered owner of such security or (ii) to agree
in an authenticated record with such Grantor and the Administrative Agent that such issuer will comply with instructions with respect to such security originated by the Administrative Agent without further consent of such Grantor, such authenticated
record to be in form and substance reasonably satisfactory to the Administrative Agent. During the continuation of an Event of Default, with respect to any Security Collateral in which any Grantor has any right, title or interest and that is not an
uncertificated security, promptly upon the request of the Administrative Agent, such Grantor will notify each such issuer of Pledged Interests that such Pledged Interests is subject to the security interest granted hereunder. 

(c) During the continuation of an Event of Default, promptly upon the request of the Administrative Agent, such Grantor will notify each such
issuer of Pledged Debt that such Pledged Debt is subject to the security interest granted hereunder. 
 Section 5. Maintaining
Collateral Accounts, Electronic Chattel Paper, Transferable Records and Letter-of-Credit Rights; Giving Notice of Commercial Tort Claims; Letter of Credit Rights. So
long as any Loan or any other Obligation of any Loan Party under any Secured Document shall remain unpaid (other than contingent indemnification obligations as to which no claim has been asserted): 

(a) During the continuation of an Event of Default, promptly upon the request of the Administrative Agent, each Grantor will maintain all
(i) Electronic Chattel Paper so that the Administrative Agent has control of the Electronic Chattel Paper in the manner specified in Section 9-105 of the UCC and (ii) all transferable records so
that the Administrative Agent has control of the transferable records in the manner specified in Section 16 of the Uniform Electronic Transactions Act, as in effect in the jurisdiction governing such transferable record
(“UETA”); 
 (b) Each Grantor will give prompt notice to the Administrative Agent of any individual Commercial Tort
Claim with a claimed amount in excess of $7,500,000 that may arise after the date hereof and will promptly execute or otherwise authenticate a supplement to this Agreement and otherwise take all necessary action, to subject such Commercial Tort
Claim to the security interest created under this Agreement. 

  

					
	    	  	8	  	Syniverse Security Agreement

 (c) Each Grantor, by granting a security interest in Letter of Credit Rights with a stated amount
in excess of $7,500,000 to the Administrative Agent, intends to (and hereby does) assign to the Administrative Agent its rights (including its contingent rights) to the proceeds of all such Letter of Credit Rights of which it is or hereafter becomes
a beneficiary or assignee. Each Grantor will promptly use commercially reasonable efforts to cause the issuer of each applicable letter of credit and each nominated person (if any) with respect thereto to consent to such assignment of the proceeds
thereof pursuant to a consent agreement in form and substance reasonably satisfactory to the Administrative Agent and deliver written evidence of such consent to the Administrative Agent. Upon the occurrence and continuation of an Event of Default,
each Grantor will, promptly upon request by the Administrative Agent, (i) notify (and such Grantor hereby authorizes the Administrative Agent to notify, upon written notice to such Grantor of its intention to do so) the issuer and each
nominated person with respect to each of the letters of credit that the Letter of Credit Rights have been assigned to the Administrative Agent hereunder and any payments due or to become due in respect thereof are to be made directly to the
Administrative Agent or its designee and (ii) arrange for the Administrative Agent to become the transferee beneficiary of such letter of credit. 

Section 6. Representations and Warranties. Each Grantor represents and warrants as follows (it being understood that none of the
foregoing applies to the Excluded Property): 
 (a) As of the Closing Date and, after the Closing Date, except as otherwise notified to the
Administrative Agent pursuant to Section 9(a), (i) such Grantor’s exact legal name, as defined in Section 9- 503(a) of the UCC, type of organization, jurisdiction of organization, organizational
identification number (if any) and taxpayer identification number, is correctly set forth in Schedule I hereto, (ii) such Grantor is located (within the meaning of Section 9-307 of the UCC)
and has its chief executive office, in the state or jurisdiction set forth in Schedule I hereto and (iii) such Grantor has no trade names other than as listed on Schedule I hereto and within the 5 years preceding the Closing Date,
has not changed its name, location, chief executive office, type of organization, jurisdiction of organization, organizational identification number or taxpayer identification number from those set forth on Schedule I, except as described on
Schedule I. 
 (b) (i) All Pledged Interests consisting of certificated securities and (ii) Pledged Debt
have been delivered to the Administrative Agent in accordance herewith and the Credit Agreement. 
 (c) [Reserved]. 

(d) The Pledged Interests pledged by such Grantor on the Closing Date constitute the percentage of the issued and outstanding Equity Interests
of the issuers thereof indicated on Schedule II hereto. 

  

					
	    	  	9	  	Syniverse Security Agreement

 (e) Upon the filing of appropriate financing statements and the recordation of the Intellectual
Property Security Agreements with the U.S. Patent and Trademark Office and the U.S. Copyright Office, all actions necessary to perfect the security interest in the Collateral of such Grantor created under this Agreement with respect to which a Lien
may be perfected by filing and recordation pursuant to the UCC or 35 U.S.C. §261, 15 U.S.C. §1060 or 17 U.S.C. §205 shall have been duly made or taken, and this Agreement shall create in favor of the Administrative Agent for the
benefit of the Secured Parties a valid and, together with such filings, recordations and other actions, perfected security interest in such Collateral of such Grantor (subject to Permitted Liens), securing the payment of the Secured Obligations to
the extent provided herein. 
 (f) Except as could not reasonably be expected to have a Material Adverse Effect: 

(i) The operation of such Grantor’s business as currently conducted and the use of the Intellectual Property Collateral in
connection therewith do not conflict with, infringe, misappropriate, dilute, misuse or otherwise violate the intellectual property rights of any third party. 

(ii) Such Grantor is the owner of all right, title and interest in and to the Intellectual Property Collateral, or is entitled
to use all Intellectual Property Collateral in the United States subject only to the terms of the IP Agreements. 
 (iii) As
of the Closing Date (giving effect to the Transactions), the Intellectual Property Collateral set forth on Schedule III hereto includes all of the patents, patent applications, trademark and service mark registrations and applications,
copyright registrations and registered domain names owned by such Grantor and material to such Grantor’s business. 

(iv) The issued Patents, registered Trademarks and registered Copyrights and applications therefor are subsisting and have not
been adjudged invalid or unenforceable in whole or part, and to such Grantor’s knowledge, are valid and enforceable. Such Grantor is not aware of any uses of any such issued Patent, registered Trademark or registered Copyright that could be
expected to lead to such item becoming invalid or unenforceable. 
 (v) Except as permitted by the Loan Documents or set
forth on the schedules to the Credit Agreement or this Security Agreement, such Grantor has made or performed all filings, recordings and other acts and has paid all required fees and taxes to maintain and protect its interest in each and every
issued Patent, registered Trademark and registered Copyright and each application therefor in full force and effect in the United States, and to protect and maintain its interest therein including, without limitation, recordations of any of its
interests in the issued Patents and registered Trademarks (and applications therefor) with the U.S. Patent and Trademark Office, and recordation of any of its interests in the registered Copyrights (and applications therefor) with the U.S. Copyright
Office. To the extent commercially practical and required by applicable Laws, such Grantor has used proper statutory notice in connection with its use of each patent, trademark and copyright in the Intellectual Property Collateral. 

  

					
	    	  	10	  	Syniverse Security Agreement

 (vi) No claim, action, suit, investigation, litigation or proceeding has been
asserted or is pending or to such Grantor’s knowledge threatened against such Grantor (i) challenging the validity, enforceability, registration or use of any of the Intellectual Property Collateral or (ii) alleging that the
Grantor’s rights in or use of the Intellectual Property Collateral or that any services provided by, processes used by, or products manufactured or sold by, such Grantor infringe, misappropriate, dilute, misuse or otherwise violate any patent,
trademark, copyright or any other proprietary right of any third party. To the knowledge of such Grantor, no Person is engaging in any activity that infringes, misappropriates, dilutes, misuses or otherwise violates such Grantor’s Intellectual
Property Collateral or such Grantor’s rights in or use thereof. 
 (vii) To such Grantor’s knowledge, (A) none
of the Trade Secrets of such Grantor has been used, divulged, disclosed or appropriated to the detriment of such Grantor for the benefit of any other Person other than such Grantor; (B) no employee, independent contractor or agent of such
Grantor has misappropriated any trade secrets of any other Person in the course of the performance of his or her duties as an employee, independent contractor or agent of such Grantor; and (C) no employee, independent contractor or agent of
such Grantor is in default or breach of any term of any employment agreement, non-disclosure agreement, assignment of inventions agreement or similar agreement or contract relating in any way to the
protection, ownership, development, use or transfer of such Grantor’s Intellectual Property Collateral. 
 (viii) No
Grantor or Intellectual Property Collateral is subject to any outstanding consent, settlement, decree, order, injunction, judgment or ruling restricting the use of any Intellectual Property Collateral or that would impair the validity or
enforceability of such Intellectual Property Collateral. 
 (g) Such Grantor has no Commercial Tort Claims with an individual claimed value
in excess of $7,500,000 on the Closing Date other than those listed in Schedule IV and additional Commercial Tort Claims as to which such Grantor has complied with the requirements of Section 5(b) hereof. 

(h) Such Grantor has no Letter of Credit Rights with an individual stated amount in excess of $7,500,000 on the Closing Date other than those
listed in Schedule V and additional Letter of Credit Rights as to which such Grantor has complied with the requirements of Section 5(c) hereof. 

Section 7. Further Assurances. 

(a) Each Grantor agrees that from time to time, at the expense of such Grantor, such Grantor will promptly execute and deliver, or otherwise
authenticate, all further instruments and documents, and take all further action that may be necessary or that the Administrative Agent may reasonably request, in order to perfect and protect any pledge or security interest granted or purported to
be granted by such Grantor hereunder or to enable the Administrative Agent to exercise and enforce its rights and remedies hereunder with respect to any Collateral of 

  

					
	    	  	11	  	Syniverse Security Agreement

 
such Grantor, subject in each case to the Perfection Exceptions. Without limiting the generality of the foregoing, each Grantor will, upon the Administrative Agent’s reasonable
request, promptly with respect to Collateral of such Grantor: (i) if any such Collateral with a value in excess of $7,500,000 shall be evidenced by a promissory note or other instrument or Chattel Paper, deliver and pledge to the Administrative
Agent hereunder such note or instrument or Chattel Paper duly indorsed and accompanied by duly executed instruments of transfer or assignment, all in form and substance reasonably satisfactory to the Administrative Agent (subject to the Perfection
Exceptions); (ii) execute or authenticate and file such financing or continuation statements, or amendments thereto, and such other instruments or notices, as may be reasonably necessary or desirable, or as the Administrative Agent may reasonably
request, in order to perfect and preserve the security interest granted or purported to be granted by such Grantor hereunder; (iii) deliver and pledge to the Administrative Agent for benefit of the Secured Parties certificates representing
Security Collateral that constitutes certificated securities, accompanied by undated stock or bond powers executed in blank (to the extent required to be pledged pursuant to the Credit Agreement or this Agreement) and (iv) deliver to the
Administrative Agent evidence that all other action (subject to the Perfection Exceptions) that the Administrative Agent may deem reasonably necessary or desirable in order to perfect and protect the security interest granted or purported to be
granted by such Grantor under this Agreement has been taken. 
 (b) Each Grantor hereby authorizes the Administrative Agent to file one or
more UCC financing or continuation statements, and amendments thereto, including, without limitation, one or more UCC financing statements indicating that such financing statements cover all assets or all personal property (or words of similar
effect) of such Grantor, in each case without the signature of such Grantor, and regardless of whether any particular asset described in such financing statements falls within the scope of the UCC or the granting clause of this Agreement. Each
Grantor ratifies its authorization for the Administrative Agent to have filed such financing statements, continuation statements or amendments filed prior to the date hereof. 

Section 8. As to Insurance. Each Grantor shall use commercially reasonable efforts to ensure that each insurance policy of such
Grantor shall name the Administrative Agent as loss payee and additional insured thereunder, in each case in a manner reasonably satisfactory to the Administrative Agent, and shall in addition (i) provide for all losses to be paid on behalf of
the Administrative Agent and such Grantor as their interests may appear, (ii) name such Grantor and the Administrative Agent as insured parties thereunder (without any representation or warranty by or obligation upon the Administrative Agent)
as their interests may appear, (iii) provide that there shall be no recourse against the Administrative Agent for payment of premiums or other amounts with respect thereto and (iv) provide that at least 10 days’ prior written notice
of cancellation or of lapse shall be given to the Administrative Agent by the insurer; provided that, unless an Event of Default shall have occurred and be continuing, (1) the Administrative Agent shall turn over to such Grantor any
amounts received by it as loss payee under any property insurance maintained by such Grantor, (2) the Administrative Agent agrees that such Grantor shall have the sole right to adjust or settle any claims under such insurance and (3) all
Net Cash Proceeds realized or received with respect to any Casualty Event shall be paid to such Grantor. 

  

					
	    	  	12	  	Syniverse Security Agreement

 Section 9. Post-Closing Changes; Bailees; Collections on Subject Agreements and
Accounts. 
 (a) (i) Each Grantor shall promptly notify the Administrative Agent of any change in its name, type of organization,
organizational identification number, taxpayer identification number or, only with respect to Grantors that are not organized under the law of any state in the United States, location of chief executive offices, from that set forth in Schedule
I and in any event no later than 30 days following such change and (ii) no Grantor will change its jurisdiction of organization from that set forth in Schedule I without (1) first giving at least 10 days (or such lesser period
of time as the Administrative Agent may agree) prior written notice (or subsequent written notice if the Administrative Agent agrees in its reasonable discretion) to the Administrative Agent or (2) delivery to the Administrative Agent,
concurrently with such change, a UCC financing statement or financing statement amendment prepared for filing in order to maintain the perfection of the Liens against such Grantor and, in each case, shall take all action required by the
Administrative Agent for the purpose of perfecting or protecting the security interest granted by this Agreement. 
 (b) During the
continuation of an Event of Default, if Collateral of any Grantor with an aggregate value in excess of $7,500,000 is at any time in the possession or control of a warehouseman, bailee or agent, upon the request of the Administrative Agent such
Grantor will (i) notify such warehouseman, bailee or agent of the security interest created hereunder, (ii) instruct such warehouseman, bailee or agent to hold all such Collateral solely for the Administrative Agent’s account subject
only to the Administrative Agent’s instructions, (iii) use commercially reasonable efforts to cause such warehouseman, bailee or agent to authenticate a record (in form and substance reasonably satisfactory to the Administrative Agent)
acknowledging that it holds possession of such Collateral for the Administrative Agent’s benefit and shall act solely on the instructions of the Administrative Agent without the further consent of the Grantor or any other Person, and
(iv) if obtained, make such authenticated record available to the Administrative Agent. 
 (c) Except as otherwise provided in this
Section 9(c), each Grantor will continue to collect, at its own expense, all amounts due or to become due to such Grantor under its Accounts. In connection with such collections, such Grantor may take (and, at the
Administrative Agent’s direction during the continuation of an Event of Default, shall take) such commercially reasonable action as such Grantor (or during the continuation of an Event of Default the Administrative Agent) may deem necessary or
advisable to enforce collection thereof; provided, however, that the Administrative Agent shall have the right at any time upon the occurrence and during the continuance of an Event of Default and upon written notice to such Grantor of
its intention to do so, to notify the Obligors under any Accounts, of the assignment of such Accounts to the Administrative Agent and to direct such Obligors to make payment of all amounts due or to become due to such Grantor thereunder directly to
the Administrative Agent and, upon such notification and at the expense of such Grantor, to enforce collection of any such Accounts, to adjust, settle or compromise the amount or payment thereof, in the same manner and to the same extent as such
Grantor might have done, and to otherwise exercise all rights with respect to such Accounts, including, without limitation, those set forth set forth in Section 9-607 of the UCC. After receipt by any
Grantor of the notice from the Administrative Agent referred to in the proviso to the preceding sentence and during the continuation of an Event of Default, (i) 

  

					
	    	  	13	  	Syniverse Security Agreement

 
all amounts and proceeds (including, without limitation, instruments) received by such Grantor in respect of the Accounts of such Grantor shall be received in trust for the benefit of the
Administrative Agent hereunder, shall be segregated from other funds of such Grantor and shall be either (A) released to such Grantor to the extent permitted under the terms of the Credit Agreement so long as no Event of Default shall have
occurred and be continuing or (B) if any Event of Default shall have occurred and be continuing, applied as provided in Section 8.04 of the Credit Agreement and (ii) except with the consent of the Administrative Agent, such consent
not to be unreasonably withheld, such Grantor will not adjust, settle or compromise the amount or payment of any Account, release wholly or partly any Obligor thereof, or allow any credit or discount thereon. No Grantor will permit or consent to the
subordination of its right to payment under any of the Accounts to any other indebtedness or obligations of the Obligor thereof except with the consent of the Administrative Agent, such consent not to be unreasonably withheld. 

Section 10. As to Intellectual Property Collateral. 

(a) With respect to each item of its Intellectual Property Collateral, each Grantor agrees to take, at its expense, all commercially reasonable
steps in the United States, including, without limitation, in the U.S. Patent and Trademark Office, the U.S. Copyright Office and any other domestic governmental authority, to (i) maintain the validity and enforceability of such Intellectual
Property Collateral and maintain such Intellectual Property Collateral in full force and effect, and (ii) pursue the registration and maintenance of each patent, trademark, or copyright registration or application, now or hereafter included in
such Intellectual Property Collateral of such Grantor, including, without limitation, the payment of required fees and taxes, the filing of responses to office actions issued by the U.S. Patent and Trademark Office, the U.S. Copyright Office or
other domestic governmental authorities, the filing of applications for renewal or extension, the filing of affidavits under Sections 8 and 15 of the U.S. Trademark Act, the filing of divisional, continuation, continuation-in-part, reissue and renewal applications or extensions, the payment of maintenance fees and the participation in interference, reexamination, opposition, cancellation, infringement and
misappropriation proceedings, except, in each case, (A) as permitted by the Loan Documents or (B) to the extent failure to act could not reasonably be expected to cause a Material Adverse Effect. 

(b) Such Grantor shall use proper statutory notice to the extent required by applicable Laws and commercially practical in connection with its
use of its Patents, Trademarks and Copyrights that are material to the business of the Borrower and its Restricted Subsidiaries. Except as could not be reasonably expected to have a Material Adverse Effect, no Grantor shall do or permit any act or
knowingly omit to do any act whereby any of its Intellectual Property Collateral may lapse or become invalid or unenforceable or placed in the public domain. 

  

					
	    	  	14	  	Syniverse Security Agreement

 (c) Except where failure to do so could not reasonably be expected to cause a Material Adverse
Effect, but subject to pre-existing rights and licenses, each Grantor shall take all commercially reasonable steps in the United States which it or the Administrative Agent (during the continuation of an Event
of Default) deems reasonable and appropriate under the circumstances to preserve and protect each item of its Intellectual Property Collateral, including, without limitation, maintaining the quality of any and all products or services used or
provided in connection with any of the Trademarks, consistent with the quality of the products and services as of the date hereof, and taking all steps necessary to ensure that all licensed users of any of the Trademarks use such consistent
standards of quality, except as permitted by the Loan Documents. 
 (d) With respect to its United States Patents, Trademarks and Copyrights
that are issued, registered or the subject of an application, each Grantor agrees, within sixty (60) days after the request of the Administrative Agent, or such longer period as the Administrative Agent may agree in its sole discretion, to
execute or otherwise authenticate an agreement, in substantially the form set forth in Exhibit B-1, B-2 or B-3 hereto, as
applicable, or otherwise in form and substance satisfactory to the Administrative Agent (the “Intellectual Property Security Agreements”), for recording the security interest granted hereunder to the Administrative Agent in
such Patents, Trademarks and Copyrights with the U.S. Patent and Trademark Office, the U.S. Copyright Office and any other domestic governmental authorities necessary to perfect the security interest hereunder in such Intellectual Property
Collateral. 
 (e) Each Grantor agrees that should it obtain an ownership interest in any United States patent or patent application,
registered trademark or service mark or trademark or service mark application (other than “intent to use” trademark or service mark applications) or registered copyright or copyright application that is not, as of the Closing Date, a part
of the Intellectual Property Collateral (“After-Acquired Intellectual Property”) (i) the provisions of this Agreement shall automatically apply thereto, and (ii) any such After-Acquired Intellectual Property and, in the
case of trademarks and service marks, the goodwill of the business connected therewith and symbolized thereby, shall automatically become part of the Intellectual Property Collateral subject to the terms and conditions of this Agreement with respect
thereto. Each Grantor shall, within sixty (60) days after the request of the Administrative Agent, or such longer period as the Administrative Agent may agree in its sole discretion, execute and deliver to the Administrative Agent, or otherwise
authenticate, an agreement substantially in the form of the relevant Intellectual Property Security Agreement, covering such After-Acquired Intellectual Property, which shall be recorded with the U.S. Patent and Trademark Office, the U.S. Copyright
Office and any other domestic governmental authorities necessary to perfect the security interest hereunder in such After-Acquired Intellectual Property. 

Section 11. Voting Rights; Dividends; Etc. 

(a) So long as no Event of Default shall have occurred and be continuing: 

(i) Each Grantor shall be entitled to exercise any and all voting and other consensual rights pertaining to the Security
Collateral of such Grantor or any part thereof for any purpose; provided, however, that such Grantor will not exercise or refrain from exercising any such right in a manner prohibited by the Credit Agreement. 

  

					
	    	  	15	  	Syniverse Security Agreement

 (ii) Each Grantor shall be entitled to receive and retain any and all dividends,
interest and other distributions paid in respect of the Security Collateral of such Grantor if and to the extent that the payment thereof is not otherwise prohibited by the terms of the Loan Documents; provided, however, that with
respect to any and all 
 (A) dividends, interest and other distributions paid or payable other than in cash in respect of,
and instruments and other property received, receivable or otherwise distributed in respect of, or in exchange for, any Security Collateral, 

(B) dividends and other distributions paid or payable in cash in respect of any Security Collateral in connection with a
partial or total liquidation or dissolution or in connection with a reduction of capital, capital surplus or paid-in-surplus, and 

(C) cash paid, payable or otherwise distributed in respect of principal of, or in redemption of, or in exchange for, any
Security Collateral, 
 (x) in the case of the foregoing clause (A), to the extent that any such property is distributed in respect of any
Security Collateral, such property shall be deemed to constitute acquired property and shall be forthwith delivered to the Administrative Agent as Security Collateral in the same form as so received (with any necessary indorsement) to the extent
required by, and in accordance with, the provisions of Section 6.12 of the Credit Agreement and (y) in the case of the foregoing clauses (B) and (C), to the extent that any such cash is distributed in respect of any Security
Collateral, such cash shall be subject to the provisions of the Credit Agreement applicable to the proceeds of an Asset Sale or other disposition of property. 

(iii) The Administrative Agent will execute and deliver (or cause to be executed and delivered) to each Grantor all such
proxies and other instruments as such Grantor may reasonably request for the purpose of enabling such Grantor to exercise the voting and other rights that it is entitled to exercise pursuant to paragraph (i) above and to receive the dividends
or interest payments that it is authorized to receive and retain pursuant to paragraph (ii) above. 
 (b) Upon the occurrence and during
the continuance of an Event of Default: 
 (i) Upon notice to the applicable Grantor, all rights of such Grantor (x) to
exercise or refrain from exercising the voting and other consensual rights that it would otherwise be entitled to exercise pursuant to Section 11(a)(i) shall, upon notice to such Grantor by the Administrative Agent, cease
and (y) to receive the dividends, interest and other distributions that it would otherwise be 

  

					
	    	  	16	  	Syniverse Security Agreement

 
authorized to receive and retain pursuant to Section 11(a)(ii) shall automatically cease, and all such rights shall thereupon become vested in the Administrative Agent,
which shall thereupon have the sole right to exercise or refrain from exercising such voting and other consensual rights and to receive and hold as Security Collateral such dividends, interest and other distributions. 

(ii) All dividends, interest and other distributions that are received by any Grantor contrary to the provisions of paragraph
(i) of this Section 11(b) shall be received in trust for the benefit of the Administrative Agent, shall be segregated from other funds of such Grantor and shall be forthwith paid over to the Administrative Agent as
Security Collateral in the same form as so received (with any necessary indorsement). 
 Section 12. Administrative Agent as Bailee
for the Grantors. In the event that at any time, any Equity Interests owned by any Grantor and held by the Administrative Agent constitute Excluded Property (including any such Equity Interests constituting Pledged Interests at the time of
delivery to the Administrative Agent that later become Excluded Property), and for so long as they constitute Excluded Property, any such Equity Interests in the possession of the Administrative Agent, shall be held by the Administrative Agent
solely as gratuitous bailee for the applicable Grantor and such Pledged Interests will not be subject to Section 1 or any Lien or security interest created pursuant thereto. The Administrative Agent, at the request of the
applicable Grantor, shall promptly return to such Grantor any Equity Interests held by the Administrative Agent constituting Excluded Property. 

Section 13. Administrative Agent Appointed
Attorney-in-Fact. Each Grantor hereby irrevocably appoints the Administrative Agent such Grantor’s attorney-in-fact, with full authority in the place and stead of such Grantor and in the name of such Grantor or otherwise, from time to time, upon the occurrence and during the continuance of an Event of
Default, in the Administrative Agent’s discretion, to take any action and to execute any instrument that the Administrative Agent may deem necessary or advisable to accomplish the purposes of this Agreement, including, without limitation: 

(a) to obtain and adjust insurance required to be paid to the Administrative Agent, 

(b) to ask for, demand, collect, sue for, recover, compromise, receive and give acquittance and receipts for moneys due and to become due under
or in respect of any of the Collateral, 
 (c) to receive, indorse and collect any drafts or other instruments, documents and Chattel Paper,
in connection with clause (a) or (b) above, and 
 (d) to file any claims or take any action or institute any proceedings that the
Administrative Agent may deem necessary or desirable for the collection of any of the Collateral or otherwise to enforce compliance with the terms and conditions of any Subject Agreement or the rights of the Administrative Agent with respect to any
of the Collateral. 
 Section 14. Administrative Agent May Perform. If any Grantor fails to perform any agreement contained
herein, the Administrative Agent may, after providing notice to such Grantor of its intent to do so, but without any obligation to do so, itself perform, or cause performance of, such agreement, and the expenses of the Administrative Agent incurred
in connection therewith shall be payable by such Grantor under Section 17. 

  

					
	    	  	17	  	Syniverse Security Agreement

 Section 15. The Administrative Agent’s Duties. The powers conferred on the
Administrative Agent hereunder are solely to protect the Secured Parties’ interest in the Collateral and shall not impose any duty upon it to exercise any such powers. Except for the safe custody of any Collateral in its possession and the
accounting for moneys actually received by it hereunder, the Administrative Agent shall have no duty as to any Collateral, as to ascertaining or taking action with respect to calls, conversions, exchanges, maturities, tenders or other matters
relative to any Collateral, whether or not any Secured Party has or is deemed to have knowledge of such matters, or as to the taking of any necessary steps to preserve rights against any parties or any other rights pertaining to any Collateral. The
Administrative Agent shall be deemed to have exercised reasonable care in the custody and preservation of any Collateral in its possession if such Collateral is accorded treatment substantially equal to that which it accords its own property. 

Section 16. Remedies. If any Event of Default shall have occurred and be continuing: 

(a) The Administrative Agent may exercise in respect of the Collateral, in addition to other rights and remedies provided for herein or
otherwise available to it, all the rights and remedies of a secured party upon default under the UCC (whether or not the UCC applies to the affected Collateral) and also may: (i) require each Grantor to, and each Grantor hereby agrees that it
will at its expense and upon request of the Administrative Agent forthwith, assemble all or part of the Collateral as directed by the Administrative Agent and make it available to the Administrative Agent at a place and time to be designated by the
Administrative Agent that is reasonably convenient to both parties; (ii) without notice except as specified below, but subject to pre-existing rights and licenses, sell the Collateral or any part thereof
in one or more parcels at public or private sale, at any of the Administrative Agent’s offices or elsewhere, for cash, on credit or for future delivery, and upon such other terms as the Administrative Agent may deem commercially reasonable;
(iii) occupy any premises owned or leased by any of the Grantors where the Collateral or any part thereof is assembled or located for a reasonable period in order to effectuate its rights and remedies hereunder or under law, without obligation
to such Grantor in respect of such occupation; and (iv) to the maximum extent permitted by applicable law, exercise any and all rights and remedies of any of the Grantors under or in connection with the Collateral, or otherwise in respect of
the Collateral, including, without limitation, (A) any and all rights of such Grantor to demand or otherwise require payment of any amount under, or performance of any provision of, the Subject Agreements, the Accounts and the other Collateral
and (B) exercise all other rights and remedies with respect to the Subject Agreements, the Accounts and the other Collateral, including, without limitation, those set forth in Section 9-607 of the
UCC. Each Grantor agrees that, to the extent notice of sale shall be required by law, to the maximum extent permitted by applicable law, at least ten (10) days’ notice to such Grantor of the time and place of any public sale or the time
after which any private sale is to be made shall constitute reasonable notification. To the maximum extent permitted by applicable law, the Administrative Agent shall not be obligated to make any sale of Collateral regardless of notice of sale
having been given. The Administrative Agent may adjourn any public or private sale from time to time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so
adjourned. 

  

					
	    	  	18	  	Syniverse Security Agreement

 (b) All payments received by any Grantor under or in connection with any Subject Agreement or
otherwise in respect of the Collateral shall be received in trust for the benefit of the Administrative Agent, shall be segregated from other funds of such Grantor and shall be forthwith paid over to the Administrative Agent in the same form as so
received (with any necessary indorsement). 
 (c) The Administrative Agent may, without notice to any Grantor except as required by law, at
any time or from time to time, charge, set-off and otherwise apply all or any part of the Secured Obligations against any funds held with respect to any Deposit Account that is not an Exempt Deposit Account.
For purposes of this Agreement, the term “Exempt Deposit Account” shall mean any Deposit Account owned by or in the name of a Loan Party with respect to which such Loan Party is acting as a fiduciary for another Person who is
not a Loan Party. 
 (d) Any cash held by or on behalf of the Administrative Agent and all cash proceeds received by or on behalf of the
Administrative Agent in respect of any sale of, collection from, or other realization upon all or any part of the Collateral may, in the discretion of the Administrative Agent, be held by the Administrative Agent as collateral for, and/or then or at
any time thereafter applied (after payment of any amounts payable to the Administrative Agent pursuant to Section 17) in whole or in part by the Administrative Agent against, all or any part of the Secured Obligations, in
the manner set forth in Section 8.04 of the Credit Agreement. 
 (e) In the event of any sale or other disposition of any of the
Trademarks of any Grantor, the goodwill symbolized by any Trademarks subject to such sale or other disposition shall be included therein as may be required by applicable Laws so that the transfer of such Trademarks could not reasonably be expected
to be determined by a Governmental Authority to be an “assignment in gross.” To enable the Administrative Agent to exercise its rights and remedies under this Section 16, upon the occurrence and during the continuation of an Event of
Default, each Grantor hereby grants to the Administrative Agent, a non-exclusive license (exercisable without payment of royalty or other compensation to such Grantor) during the period when the Administrative
Agent shall be lawfully entitled to exercise such rights and remedies, subject, in the case of Trademarks, to sufficient rights to quality control and inspection in favor of such Grantor to avoid the risk of invalidation of such Trademarks, to use
or sublicense any of the Intellectual Property Collateral of such Grantor, and in connection with such license, such Grantor shall, subject to pre-existing rights and licenses (including confidentiality
requirements), provide the Administrative Agent or its designee with access to such Grantor’s know how and expertise, and tangible embodiments of any such licensed Intellectual Property Collateral. 

(f) If the Administrative Agent shall determine to exercise its right to sell all or any of the Security Collateral of any Grantor pursuant to
this Section 16, each Grantor agrees that, upon request of the Administrative Agent, such Grantor will, subject to pre-existing rights and licenses, at its own expense, use its
reasonable best efforts to do or cause to be done all such other acts and things as may be necessary to make such sale of such Security Collateral or any part thereof valid and binding and in compliance with applicable Laws. 

  

					
	    	  	19	  	Syniverse Security Agreement

 (g) Subject to compliance with applicable law, including the Securities Act of 1933 and the
Securities Exchange Act and all rules and regulations thereunder, the Administrative Agent is authorized, in connection with any sale of the Security Collateral pursuant to this Section 16, to deliver or otherwise disclose
to any prospective purchaser of the Security Collateral: (i) any registration statement or prospectus, and all supplements and amendments thereto; (ii) any information and projections; and (iii) any other information in its possession
relating to such Security Collateral. 
 (h) Each Grantor acknowledges the impossibility of ascertaining the amount of damages that would be
suffered by the Secured Parties by reason of the failure by such Grantor to perform any of the covenants contained in Section 16(f) above and, consequently, agrees that Section 16(f) shall be
specifically enforceable against such Grantor. 
 Section 17. Expenses. Each Grantor will upon demand pay to the Administrative
Agent the amount of any and all reasonable and documented out-of-pocket expenses, including, without limitation, the reasonable and documented out-of-pocket fees and expenses of its counsel that the Administrative Agent may incur in connection with (i) the administration of this Agreement, (ii) the custody,
preservation, use or operation of, or the sale of, collection from or other realization upon, any of the Collateral of such Grantor, (iii) the exercise or enforcement of any of the rights of the Administrative Agent or the other Secured Parties
hereunder or (iv) the failure by such Grantor to perform or observe any of the provisions hereof, in each case, in the manner and solely to the extent set forth in Section 10.04 of the Credit Agreement. 

Section 18. Amendments; Waivers; Additional Grantors; Etc. 

(a) Subject to Section 10.01 of the Credit Agreement, no amendment or waiver of any provision of this Agreement, and no consent to any
departure by any Grantor herefrom, shall in any event be effective unless the same shall be in writing and signed by the Administrative Agent and the Grantors, and then such amendment, waiver or consent shall be effective only in the specific
instance and for the specific purpose for which given. No failure on the part of the Administrative Agent or any other Secured Party to exercise, and no delay in exercising any right hereunder, shall operate as a waiver thereof; nor shall any single
or partial exercise of any such right preclude any other or further exercise thereof or the exercise of any other right. 
 (b) Upon the
execution and delivery, or authentication, by any Person of a security agreement supplement in substantially the form of Exhibit A hereto (each a “Security Agreement Supplement”), (i) such Person shall be referred to as an
“Additional Grantor” and shall be and become a Grantor hereunder, and each reference in this Agreement and the other Loan Documents to “Grantor” shall also mean and be a reference to such Additional Grantor, and
each reference in this Agreement and the other Loan Documents to “Collateral” shall also mean and be a reference to the Collateral of such Additional Grantor, and (ii) the supplemental schedules I through IV attached to each Security
Agreement Supplement shall be incorporated into and become a part of and supplement Schedules I through IV, respectively, hereto, and the Administrative Agent may attach such supplemental schedules to such Schedules; and each reference to such
Schedules shall mean and be a reference to such Schedules as supplemented pursuant to each Security Agreement Supplement. 

  

					
	    	  	20	  	Syniverse Security Agreement

 Section 19. Notices, Etc. All notices and other communications provided for hereunder
shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopier, and all notices and other communications expressly permitted hereunder to be given by telephone or
electronic mail shall be made to the applicable telephone number or electronic mail address, as the case may be, if to any Grantor, addressed to it in care of the Borrower at the Borrower’s address specified in
Section 10.02 of the Credit Agreement, if to the Administrative Agent, at its address specified in Section 10.02 of the Credit Agreement or, in each case, to such other address, telecopier number,
electronic mail address or telephone number as shall be designated by such party in a notice to other parties, as provided in Section 10.02(d) of the Credit Agreement. All such notices and other communications shall be
deemed to be given, made or effective at such time as shall be set forth in Section 10.02 of the Credit Agreement. 

Section 20. Continuing Security Interest; Assignments under the Credit Agreement. This Agreement shall create a continuing
security interest in the Collateral and shall to the extent provided herein (a) remain in full force and effect until the termination of the Aggregate Commitments and the payment in full in cash of the Secured Obligations (other than contingent
indemnification obligations as to which no claim has been asserted), (b) be binding upon each Grantor, its successors and assigns and (c) inure, together with the rights and remedies of the Administrative Agent hereunder, to the benefit of the
Secured Parties and their respective successors and permitted transferees and assigns. Without limiting the generality of the foregoing clause (c), any Lender may assign or otherwise transfer all or any portion of its rights and obligations under
the Credit Agreement (including, without limitation, all or any portion of its Commitments, the Loans owing to it and the Note or Notes, if any, held by it) to any other Person, and such other Person shall thereupon become vested with all the
benefits in respect thereof granted to such Lender herein or otherwise, in each case subject to Section 10.07 of the Credit Agreement. 

Section 21. Release; Termination.  

(a) Upon any sale, lease, transfer or other disposition of any item of Collateral of any Grantor permitted by, and in accordance with, the
terms of the Loan Documents (other than to another Loan Party or to a Person becoming or required to become a Loan Party at the time of such sale, lease, transfer or other disposition (or within the 30- or 60-day time periods provided for in Section 6.12 of the Credit Agreement)) (such sale, lease, transfer or other disposition, a “Collateral Disposition”), assignment, pledge and security
interest granted hereby with respect to such collateral shall automatically terminate and all rights to such Collateral shall revert to such Grantor and the Administrative Agent will, at such Grantor’s expense, execute and deliver to such
Grantor such documents as such Grantor shall reasonably request to evidence the release of such item of Collateral from the assignment, pledge and security interest granted hereby; provided, however, that, if requested by the Administrative Agent,
such Grantor shall have delivered to the Administrative Agent a written request for release, a certificate of such Grantor to the effect that the transaction is in compliance with the Loan Documents and such other supporting information as the
Administrative Agent may reasonably request. For purposes of the foregoing, if any Grantor becomes an Excluded Subsidiary or ceases to be a Restricted Subsidiary, in each case as a result of a transaction permitted under the Loan Documents, such
occurrence (but, in the case of a Grantor that becomes an Excluded Subsidiary pursuant to clause (d) of the definition thereof, only upon the request of the Borrower) shall be deemed a Collateral Disposition of such Grantor and all Collateral
of such Grantor, entitled to the benefits of the foregoing provisions. 

  

					
	    	  	21	  	Syniverse Security Agreement

 (b) Upon the termination of the Aggregate Commitments and the payment in full in cash of the
Secured Obligations (other than contingent indemnification obligations as to which no claim has been asserted), the assignment, pledge and security interest granted hereby shall automatically terminate and all rights to the Collateral shall revert
to the applicable Grantor. Upon any such termination, the Administrative Agent will, at the applicable Grantor’s expense, execute and deliver to such Grantor such documents as such Grantor shall reasonably request to evidence such termination.

 Section 22. Execution in Counterparts. This Agreement may be executed in one or more counterparts (and by different parties
hereto in different counterparts), each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Delivery by telecopier or other electronic transmission of an executed counterpart of a signature
page to this Agreement shall be effective as delivery of an original executed counterpart of this Agreement. The Administrative Agent may also require that any such documents and signatures delivered by telecopier or other electronic transmission be
confirmed by a manually-signed original thereof; provided, that the failure to request or deliver the same shall not limit the effectiveness of any document or signature delivered by telecopier or other electronic transmission. 

Section 23. The Mortgages. In the event that any of the Collateral hereunder is also subject to a valid and enforceable Lien under
the terms of any Mortgage and the terms of such Mortgage are inconsistent with the terms of this Agreement, then with respect to such Collateral, the terms of such Mortgage shall be controlling in the case of fixtures and real estate leases, letting
and licenses of, and contracts and agreements relating to the lease of, real property, and the terms of this Agreement shall be controlling in the case of all other Collateral. 

Section 24. Intercreditor Relations. Notwithstanding anything herein to the contrary, it is the understanding of the parties that
the Liens granted pursuant to this Agreement shall, (i) prior to the Discharge of Senior Priority Obligations, be subject and subordinate in priority to the Liens granted to any Senior Priority Agent for the benefit of the holders of the
applicable Senior Priority Obligations to secure such Senior Priority Obligations pursuant to the applicable Senior Priority Documents, in each case in accordance with the terms set forth in the Base Intercreditor Agreement or an applicable Other
Intercreditor Agreement, and (ii) prior to the Discharge of Additional Obligations that are Junior Priority Obligations, be pari passu and equal in priority to the Liens granted to any Additional Agent for the benefit of
the holders of the applicable Additional Obligations that are Junior Priority Obligations to secure such Additional Obligations that are Junior Priority Obligations pursuant to the applicable Additional Collateral Documents, in each case in
accordance with the terms set forth in the Base Intercreditor Agreement or an applicable Other Intercreditor Agreement (except as may be separately otherwise agreed between the Administrative Agent, on behalf of itself and the Secured Parties, and
any Additional Agent, on behalf of itself and the Additional Secured Parties represented thereby). The Administrative Agent acknowledges and agrees that the relative priority of the Liens granted to the Administrative Agent, the First Lien
Administrative Agent and any 

  

					
	    	  	22	  	Syniverse Security Agreement

 
Additional Agent shall be determined solely pursuant to the Base Intercreditor Agreement or an Other Intercreditor Agreement, as applicable, and not by priority as a matter of law or otherwise.
Notwithstanding anything herein to the contrary, the Liens and security interest granted to the Administrative Agent pursuant to this Agreement and the rights and remedies of the Administrative Agent hereunder are subject to the provisions of the
Base Intercreditor Agreement and each applicable Other Intercreditor Agreement. In the event of any conflict between the terms of the Base Intercreditor Agreement or any Other Intercreditor Agreement and this Agreement, the terms of the Base
Intercreditor Agreement or such Other Intercreditor Agreement, as the case may be, shall govern and control as among (i) the Administrative Agent, the First Lien Administrative Agent and any Additional Agent, in the case of the Base
Intercreditor Agreement, and (ii) the Administrative Agent and any other secured creditor (or agent therefor) party thereto, in the case of any Other Intercreditor Agreement. In the event of any such conflict, each Grantor may act (or
omit to act) in accordance with the Base Intercreditor Agreement or such Other Intercreditor Agreement, as applicable, and shall not be in breach, violation or default of its obligations hereunder by reason of doing so. Notwithstanding any other
provision hereof, (i) any obligation hereunder or under the Credit Agreement to deliver to the Administrative Agent any Collateral shall be satisfied by causing such Collateral to be delivered to the applicable Senior Priority Representative or
Junior Priority Representative in accordance with the Base Intercreditor Agreement or any applicable Other Intercreditor Agreement and (ii) prior to the Discharge of Senior Priority Obligations, (A) the Borrower shall, and shall cause each
Restricted Subsidiary to, comply with the requirements of this Agreement to take action with respect to the Collateral and of Section 6.12, Section 6.14 and Section 6.16 of the Credit Agreement only to the same extent that the
Borrower and such Restricted Subsidiaries are required to comply with analogous provisions under the First Lien Credit Agreement or the Security Agreement referred to therein and (B) the First Lien Administrative Agent or the Senior Priority
Representative (or the equivalent term in any Other Intercreditor Agreement) shall have sole discretion (in consultation with the Borrower, if applicable) with respect to any determination concerning Collateral as to which the Administrative Agent
would have authority to exercise under this Agreement or Section 6.12, Section 6.14 or Section 6.16 of the Credit Agreement. 

Section 25. Governing Law; Jurisdiction; Etc. (a) THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER
SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ITS PRINCIPLES OR RULES OF CONFLICT OF LAWS TO THE EXTENT SUCH PRINCIPLES OR RULES ARE NOT MANDATORILY APPLICABLE BY STATUTE AND WOULD
REQUIRE OR PERMIT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. 
 (b) EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS FOR
ITSELF AND ITS PROPERTY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT TO THE EXCLUSIVE GENERAL JURISDICTION OF THE SUPREME COURT OF THE STATE OF NEW YORK FOR THE COUNTY OF NEW YORK (THE “NEW YORK SUPREME COURT”), AND
THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK (THE “FEDERAL DISTRICT COURT,” AND TOGETHER WITH THE NEW YORK SUPREME COURT, THE “NEW YORK COURTS”) AND APPELLATE COURTS FROM

  

					
	    	  	23	  	Syniverse Security Agreement

 
EITHER OF THEM; PROVIDED THAT NOTHING IN THIS AGREEMENT SHALL BE DEEMED OR OPERATE TO PRECLUDE (I) THE ADMINISTRATIVE AGENT FROM BRINGING SUIT OR TAKING OTHER LEGAL ACTION IN ANY
OTHER JURISDICTION TO REALIZE ON THE COLLATERAL OR ANY OTHER SECURITY FOR THE OBLIGATIONS (IN WHICH CASE ANY PARTY SHALL BE ENTITLED TO ASSERT ANY CLAIM OR DEFENSE, INCLUDING ANY CLAIM OR DEFENSE THAT THIS SECTION 24 WOULD OTHERWISE REQUIRE TO BE
ASSERTED IN A LEGAL ACTION OR PROCEEDING IN A NEW YORK COURT), OR TO ENFORCE A JUDGMENT OR OTHER COURT ORDER IN FAVOR OF THE ADMINISTRATIVE AGENT, (II) ANY PARTY FROM BRINGING ANY LEGAL ACTION OR PROCEEDING IN ANY JURISDICTION FOR THE
RECOGNITION AND ENFORCEMENT OF ANY JUDGMENT AND (III) IF ALL SUCH NEW YORK COURTS DECLINE JURISDICTION OVER ANY PERSON, OR DECLINE (OR IN THE CASE OF THE FEDERAL DISTRICT COURT, LACK) JURISDICTION OVER ANY SUBJECT MATTER OF SUCH ACTION OR
PROCEEDING, A LEGAL ACTION OR PROCEEDING MAY BE BROUGHT WITH RESPECT THERETO IN ANOTHER COURT HAVING JURISDICTION. 
 (c) EACH PARTY HERETO
IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT IN ANY COURT
REFERRED TO IN PARAGRAPH (b) OF THIS SECTION. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY
SUCH COURT. 
 (d) EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 19.
NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 
 (e)
EACH PARTY TO THIS AGREEMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER THIS AGREEMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO
OR ANY OF THEM WITH RESPECT TO THIS AGREEMENT, OR THE TRANSACTIONS RELATED HERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH
CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION 24(e) WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT
OF THE SIGNATORIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY. 
 [SIGNATURE PAGES FOLLOW] 

 

  

					
	    	  	24	  	Syniverse Security Agreement

 IN WITNESS WHEREOF, each Grantor has caused this Agreement to be duly executed and delivered by
its officer thereunto duly authorized as of the date first above written. 
  

			
	SYNIVERSE HOLDINGS, INC.
		
	By:	 	 /s/ Robert F. Reich

	Name: Robert F. Reich
	Title: Executive Vice President and Chief Financial Officer

 [SIGNATURE PAGE] 

 
			
	BUCCANEER HOLDINGS, LLC
		
	By:	 	 /s/ Robert F. Reich

	Name: Robert F. Reich
	Title: Executive Vice President and Chief Financial Officer

  
 [SIGNATURE PAGE] 

 
			
	SYNIVERSE TECHNOLOGIES, LLC
		
	By:	 	 /s/ Robert F. Reich

	Name: Robert F. Reich
	Title: Executive Vice President and Chief Financial Officer
	
	SYNIVERSE ICX CORPORATION
		
	By:	 	 /s/ Robert F. Reich

	Name: Robert F. Reich
	Title: Executive Vice President and Chief Financial Officer
	
	SYNIVERSE COMMUNICATIONS HOLDINGS CORPORATION
		
	By:	 	 /s/ Robert F. Reich

	Name: Robert F. Reich
	Title: Executive Vice President and Chief Financial Officer
	
	SYNIVERSE COMMUNICATIONS INTERMEDIATE HOLDINGS CORPORATION
		
	By:	 	 /s/ Robert F. Reich

	Name: Robert F. Reich
	Title: Executive Vice President and Chief Financial Officer

  

					
	    	  	[SIGNATURE PAGE]	  	Syniverse Security Agreement

 
			
	SYNIVERSE COMMUNICATIONS, INC.
		
	By:	 	 /s/ Robert F. Reich

	Name: Robert F. Reich
	Title: Executive Vice President and Chief Financial Officer
	
	SYNIVERSE COMMUNICATIONS INTERNATIONAL, INC.
		
	By:	 	 /s/ Robert F. Reich

	Name: Robert F. Reich
	Title: Executive Vice President and Chief Financial Officer
	
	CIBERNET, LLC
		
	By:	 	 /s/ Robert F. Reich

	Name: Robert F. Reich
	Title: Executive Vice President and Chief Financial Officer

  

					
	    	  	[SIGNATURE PAGE]	  	Syniverse Security Agreement

 
			
	BARCLAYS BANK PLC,
	as Administrative Agent
		
	By:	 	 /s/ Chris Walton

		 	Name: Chris Walton
		 	Title: Director

  

					
	    	  	[SIGNATURE PAGE]	  	Syniverse Security Agreement

 Execution Version 

Schedule I to the 

Security Agreement 

LOCATION, CHIEF EXECUTIVE OFFICE, TYPE OF ORGANIZATION, 

JURISDICTION OF ORGANIZATION, ORGANIZATIONAL IDENTIFICATION 

NUMBER AND TAX IDENTIFICATION NUMBER 
  

																	
	 Grantor’s Legal Name
	  	 Organization

Type
	  	Jurisdiction
of
Organization	  	Organizational
Identification
Number	 	  	Taxpayer
Identification
Number	 	  	Trade
Names	 
	 Buccaneer Holdings, LLC
	  	Limited Liability Company	  	Delaware	  	 	5505263	 	  	 	36-4790965	 	  	 	n/a	 
	 Cibernet, LLC
	  	Limited Liability Company	  	Delaware	  	 	4086996	 	  	 	52-1595026	 	  	 	n/a	 
	 Syniverse Communications Holdings Corporation
	  	Corporation	  	Delaware	  	 	5024894	 	  	 	45-3072371	 	  	 	n/a	 
	 Syniverse Communications Intermediate Holdings Corporation
	  	Corporation	  	Delaware	  	 	5024900	 	  	 	45-3072485	 	  	 	n/a	 
	 Syniverse Communications International, Inc.
	  	Corporation	  	Delaware	  	 	4163867	 	  	 	20-4954381	 	  	 	n/a	 
	 Syniverse Communications, Inc.
	  	Corporation	  	Delaware	  	 	3287349	 	  	 	77-0554707	 	  	 	n/a	 
	 Syniverse Holdings, Inc.
	  	Corporation	  	Delaware	  	 	3454221	 	  	 	30-0041666	 	  	 	n/a	 
	 Syniverse ICX Corporation
	  	Corporation	  	Delaware	  	 	4644584	 	  	 	26-3660836	 	  	 	n/a	 
	 Syniverse Technologies, LLC
	  	Limited Liability Company	  	Delaware	  	 	2187578	 	  	 	06-1262301	 	  	 	n/a	 

 Chief Executive Office Location of Buccaneer Holdings, LLC 

8125 Highwoods Palm Way 
 Tampa, FL 33647 

Chief Executive Office Location of the Other Grantors 

8125 Highwoods Palm Way 
 Tampa, FL 33647 

 Changes in Name, Location, Chief Executive Office, Organization Type, Jurisdiction of Organization,
Organizational Identification Number or Taxpayer Identification Number Within the Last Five Years 
  

			
	 Grantor
	  	 Former Name

	 Syniverse Communications Holdings Corporation
	  	 Aicent Holdings Corporation

  

			
	 Grantor
	  	 Former Name

	 Syniverse Communications Intermediate Holdings Corporation
	  	 Aicent Intermediate Holdings Corporation

  

			
	 Grantor
	  	 Former Name

	 Syniverse Communications, Inc.
	  	 Aicent, Inc.

  

			
	 Grantor
	  	 Former Name

	 Syniverse Communications International, Inc.
	  	 Aicent International, Inc.

  

			
	 Grantor
	  	 Former Organizational Type

	 Buccaneer Holdings, LLC, a limited liability company
	  	 Buccaneer Holdings, Inc., a corporation

  

			
	 Grantor
	  	 Former Organizational Type

	 Cibernet, LLC, a limited liability company
	  	 Cibernet Corporation, a corporation

 Schedule II to the 

Security Agreement 

PLEDGED EQUITY 
  

															
	 Grantor
	  	 Issuer
	  	 Class of Equity
Interest
	  	 Certificate No(s)
	  	Number of
Shares	 	  	Percentage
Pledged	 
	 Buccaneer Holdings, LLC
	  	Syniverse Holdings, Inc.	  	Common	  	3	  	 	100	 	  	 	100	 
	 Syniverse Holdings, Inc.
	  	Syniverse Technologies, LLC	  	Membership Interest Units	  	Uncertificated	  	 	100	 	  	 	100	 
	 Syniverse Technologies, LLC
	  	Syniverse ICX Corporation	  	Common	  	2	  	 	1,000.00	 	  	 	100	 
	 Syniverse Technologies, LLC
	  	Syniverse Technologies S.R.L.	  	Common	  	Uncertificated	  	 	1,310	 	  	 	65	 
	 Syniverse Technologies, LLC
	  	Syniverse Technologies Prestacao de Servicos Ltda	  	Common	  	Uncertificated	  	 	1	 	  	 	65	 
	 Syniverse Technologies, LLC
	  	Cibernet, LLC	  	Percentage Ownership Interest	  	Uncertificated	  	 	100	 	  	 	100	 
	 Syniverse Technologies, LLC
	  	Hosted Data Solutions, LLC	  	Membership Interest Units	  	Uncertificated	  	 	1	 	  	 	100	 
	 Syniverse Technologies, LLC
	  	Syniverse Technologies K.K.	  	Common	  	Uncertificated	  	 	6,000	 	  	 	65	 
	 Syniverse Technologies, LLC
	  	Syniverse Technologies Holdings, LLC	  	Membership Interest Units	  	Uncertificated	  	 	100	 	  	 	65	 
	 Syniverse Technologies, LLC
	  	Syniverse Communications Holdings Corporation	  	Common	  	1	  	 	1,000	 	  	 	100	 
	 Syniverse Technologies, LLC
	  	Syniverse Foreign Holdings Corporation	  	Common	  	 1
	  	 	100	 	  	 	65	 
	 Syniverse Communications Holdings Corporation
	  	Syniverse Communications Intermediate Holdings Corporation	  	Common	  	1	  	 	100	 	  	 	100	 
	 Syniverse Communications Intermediate Holdings Corporation
	  	Syniverse Communications, Inc.	  	Common	  	1	  	 	1,000.00	 	  	 	100	 
	 Syniverse Communications, Inc.
	  	Syniverse Communications Technologies (Beijing) Ltd.	  	Registered Capital	  	Uncertificated	  	 	230,000	 	  	 	65	 
	 Syniverse Communications, Inc.
	  	Syniverse Communications International, Inc.	  	Common	  	1	  	 	1,000.00	 	  	 	100	 

 Schedule III to the 

Security Agreement 

INTELLECTUAL PROPERTY MATTERS 

Trademarks 
  

									
	 Owner
	  	 Country
	  	 Mark
	  	 Application No. Filing
Date
	  	 Registration No.
Registration Date

	 Syniverse Technologies, LLC
	  	United States	  	 SYNIVERSE
	  	 76/568201

05-JAN-2004
	  	 3109723

27-JUN-2006

					
	 Syniverse Technologies, LLC
	  	United States	  	 

	  	 78/367203

12-FEB-2004
	  	 3174828

21-NOV-2006

					
	 Syniverse Technologies, LLC
	  	United States	  	 

	  	 78/367563

13-FEB-2004
	  	 3469266

15-JUL-2008

					
	 Syniverse Technologies, LLC
	  	United States	  	S.T.A.R.S. – STREAMLINER TERMINAL ACCESS REPORTING	  	 75/171103

24-SEP-1996
	  	 2207496

01-DEC-1998

					
	 Syniverse Technologies, LLC
	  	United States	  	 ACCESSIBILITY
	  	 75/146434

07-AUG-1996
	  	 2234718

23-MAR-1999

					
	 Syniverse Technologies, LLC
	  	United States	  	 ACCESSIBILITY
	  	 74/255039

13-MAR-1992
	  	 1819278

01-FEB-1994

					
	 Syniverse Technologies, LLC
	  	United States	  	 UNIROAM
	  	 76/369334

08-FEB-2002
	  	 2760010

02-SEP-2003

					
	 Syniverse Technologies, LLC
	  	United States	  	 FRAUDX
	  	 75/592292

19-NOV-1998
	  	 2443182

10-APR-2001

					
	 Syniverse Technologies, LLC
	  	United States	  	 INPORT
	  	 75/592672

19-NOV-1998
	  	 2411241

05-DEC-2000

					
	 Syniverse Technologies, LLC
	  	United States	  	 ACCESS
	  	 75/021730

16-NOV-1995
	  	 2075073

01-JUL-1997

					
	 Syniverse Technologies, LLC
	  	United States	  	 ACCESS S&E
	  	 75/239942

11-FEB-1997
	  	 2276364

07-SEP-1999

					
	 Syniverse Technologies, LLC
	  	United States	  	 FMR PLUS
	  	 75/122940

20-JUN-1996
	  	 2201808

03-NOV-1998

					
	 Syniverse Technologies, LLC
	  	United States	  	 VISIBILITY
	  	 75/096994

23-APR-1996
	  	 2174202

21-JUL-1998

					
	 Syniverse Technologies, LLC
	  	United States	  	 SOLUTIONS
	  	 75/021734

16-NOV-1995
	  	 2240928

20-APR-1999

					
	 Syniverse Technologies, LLC
	  	United States	  	 INLINK
	  	 74/370149

22-MAR-1993
	  	 1845911

19-JUL-1994

					
	 Syniverse Technologies, LLC
	  	United States	  	 SYNIVERSE NEXT
	  	 77/687811

10-MAR-2009
	  	 3792045

25-MAY-2010

					
	 Syniverse Technologies, LLC
	  	United States	  	 

	  	 77/687547

10-MAR-2009
	  	 3780123

27-APR-2010

					
	 Syniverse Technologies, LLC
	  	United States	  	 WE MAKE MOBILE WORK
	  	 85/030941

05-MAY-2010
	  	 3893648

21-DEC-2010

					
	 Syniverse Technologies, LLC
	  	United States	  	 LATALINK
	  	 85201989

20-DEC-2010
	  	 4015310

23-AUG-2011

					
	 Syniverse Technologies, LLC
	  	United States	  	 LTE Let’s Talk Evolution
	  	 85271938

21-MAR-2011
	  	 4168909

3-Jul-2012

									
	 Owner
	  	 Country
	  	 Mark
	  	 Application No. Filing
Date
	  	 Registration No.
Registration Date

	 Syniverse Technologies, LLC
	  	United States	  	 Let’s Talk Evolution
	  	 85271953

21-MAR-2011
	  	 4151358

29-May-2012

					
	 Syniverse Technologies, LLC
	  	United States	  	 Syniverse PRIME
	  	 85275693

24-MAR-2011
	  	 4042025

18-OCT-2011

					
	 Syniverse Technologies, LLC
	  	United States	  	 Syniverse MORE
	  	 85275811

24-MAR-2011
	  	 4042028

18-OCT-2011

					
	 Syniverse Technologies, LLC
	  	United States	  	 Syniverse PRIME and Mark
	  	 85275732

24-MAR-2011
	  	 4042027

18-OCT-2011

					
	 Syniverse Technologies, LLC
	  	United States	  	 Syniverse MORE and Mark
	  	 85275879

24-MAR-2011
	  	 4042031

18-OCT-2011

					
	 Syniverse Technologies, LLC
	  	United States	  	 SYNERGY
	  	 85369279

12-JUL-2011
	  	 4527671

13-MAY-2014

 Patents 
  

									
	 Owner
	  	 Country
	  	 Title
	  	 Application No. Filing
Date
	  	 Patent No. Issue
Date

	 U.S. ISSUED

					
	 Syniverse Technologies, LLC
	  	United States	  	PAYMENT GATEWAY FOR PROCESSING PAYMENT REQUESTS ASSOCIATED WITH A WIRELESS USERS ACCOUNT	  	 12/904217

10/14/2010
	  	 9,911,103

03/06/2018

					
	 Syniverse Communications, Inc. (f/k/a Aicent, Inc.)
	  	United States	  	 Method For Data Access Using a Dynamic SIM Credential

(continuation of 9,426,658)
	  	 15/243,306

08/22/2016
	  	 9,749,316

08/29/2017

					
	 Syniverse Technologies, LLC
	  	United States	  	Traffic Hub System to Provide Roaming Service in a wireless Environment	  	 14/596,147

01/13/2015
	  	 9,832,678

11/28/2017

					
	 Syniverse Communications, Inc. (f/k/a Aicent, Inc.)
	  	United States	  	Circuit Switch Voice Roaming to LTE Network	  	 14/230,633

3/31/2014
	  	 9,749,904

08/29/2017

					
	 Syniverse Communications, Inc. (f/k/a Aicent, Inc.)
	  	United States	  	Method and System for Utilizing First Network Authentication for Second Network	  	 13/431,822

3/27/2012
	  	 9,716,999

07/25/2017

					
	 Syniverse Communications, Inc. (f/k/a Aicent, Inc.)
	  	United States	  	Method and System for Displaying Mobile Messages in Unsupported Formats	  	 11/603,367

11/21/2006
	  	 9,626,341

04/18/2017

					
	 Syniverse Technologies, LLC
	  	United States	  	METHOD AND APPARATUS TO COLLECT, ANALYZE, AND UTILIZE NETWORK DATA	  	 13927024

06/25/2013
	  	 9,319,535

04/19/2016

					
	 Syniverse Communications, Inc.
	  	United States	  	METHOD AND SYSTEM FOR DATA ACCESS OVER DUAL DATA CHANNELS WITH DYNAMIC SIM CREDENTIAL	  	 13/613,698

09/13/2012
	  	 8,838,070

09/16/2014

					
	 Syniverse Communications, Inc. (f/k/a Aicent, Inc.)
	  	United States	  	METHOD AND SYSTEM FOR DATA ACCESS OVER DUAL DATA CHANNELS WITH DYNAMIC SIM CREDENTIAL	  	 14/487,001

09/15/2014
	  	 9,426,658

08/23/2016

					
	 Syniverse Technologies, LLC
	  	United States	  	Method for Determining Inbound Roaming Traffic Market Share on Cellular Networks	  	 15/278,375

09/28/2016
	  	 9635538

04/25/2017

					
	 Syniverse ICX Corporation
	  	United States	  	Centralized Mobile and Wireless Messaging Opt-Out Registry System and Method	  	 10/556,977

05/17/2004
	  	 8,819,141

08/26/2014

					
	 Syniverse Technologies, LLC
	  	United States	  	Methods, Apparatuses And Computer Program Products for Securing Communications	  	 13/747018

1/22/2013
	  	 9,131,365 B2

9/8/2015

					
	 Syniverse Communications, Inc. (f/k/a Aicent, Inc.)
	  	United States	  	Method, System and Client Software for Extending WISPr Authentication Procedure	  	 13/299,625

11/18/2011
	  	 9,020,467 B2

4/28/2015

					
	 Syniverse ICX Corporation
	  	United States	  	ADDRESS RECOGNITION DATABASE	  	 10/972388

10/26/2004
	  	 9143477 B2

09/22/2015

									
	 Syniverse ICX Corporation
	  	United States	  	SYSTEM AND METHOD FOR DYNAMIC UPLOADING AND EXECUTION OF APPLICATIONS AND DRIVERS BETWEEN DEVICES	  	 09/660531

9/13/2000
	  	 7610331

10/27/2009

					
	 Syniverse ICX Corporation
	  	United States	  	SYSTEM AND METHOD FOR DYNAMIC UPLOADING AND EXECUTION OF APPLICATIONS AND DRIVERS BETWEEN DEVICES	  	 09/847811

5/1/2001
	  	 8099502

1/17/2012

					
	 Syniverse ICX Corporation
	  	United States	  	PHOTO-SERVING COMMUNICATION PROTOCOLS AND METHODOLOGY FOR PROVIDING DISPARATE HOST DEVICES WITH FTP-LIKE ACCESS TO DIGITAL IMAGES RESIDING ON A DIGITAL CAMERA DEVICE	  	 09/703412

10/31/2000
	  	 7610349

10/27/2009

					
	 Syniverse ICX Corporation
	  	United States	  	MEDIA SPOOLER SYSTEM AND METHODOLOGY PROVIDING EFFICIENT TRANSMISSION OF MEDIA CONTENT FROM WIRELESS DEVICES	  	 09/759108

1/11/2001
	  	 7103357

9/5/2006

					
	 Syniverse ICX Corporation
	  	United States	  	MEDIA SPOOLER SYSTEM AND METHODOLOGY PROVIDING EFFICIENT TRANSMISSION OF MEDIA CONTENT FROM WIRELESS DEVICES	  	 11/516809

9/5/2006
	  	 7881715

2/1/2011

					
	 Syniverse ICX Corporation
	  	United States	  	MEDIA ASSET MANAGEMENT SYSTEM	  	 09/814159

3/20/2001
	  	 7305354

12/4/2007

					
	 Syniverse ICX Corporation
	  	United States	  	MEDIA ASSET MANAGEMENT SYSTEM	  	 11/999,092

12/03/2007
	  	 8,321,288

11/27/2012

					
	 Syniverse ICX Corporation
	  	United States	  	SYSTEM AND METHODOLOGY FOR AUTOMATED PROVISIONING OF NEW USER ACCOUNTS	  	 09/839972

4/20/2001
	  	 7433710

10/7/2008

					
	 Syniverse ICX Corporation
	  	United States	  	VERSATILE ADAPTOR DEVICE AND MANUFACTURING PROCESS FOR CONNECTING A CLIENT DEVICE TO VARIOUS HOST DEVICES	  	 10/013977

12/7/2001
	  	 7463904

12/9/2008

					
	 Syniverse ICX Corporation
	  	United States	  	DEVICE FACILITATING EFFICIENT TRANSFER OF DIGITAL CONTENT FROM MEDIA CAPTURE DEVICE	  	 10/068254

2/4/2002
	  	 7724281

5/25/2010

					
	 Syniverse ICX Corporation
	  	United States	  	INTEGRATED SHOPPING CART FOR SALE OF THIRD PARTY PRODUCTS AND SERVICES VIA THE INTERNET	  	 09/920592

7/31/2001
	  	 7610218

10/27/2009

					
	 Syniverse ICX Corporation
	  	United States	  	IMAGING SYSTEM PROVIDING AUTOMATED FULFILLMENT OF IMAGE PHOTOFINISHING BASED ON LOCATION	  	 10/190234

7/2/2002
	  	 7535492

5/19/2009

					
	 Syniverse ICX Corporation
	  	United States	  	IMAGING SYSTEM PROVIDING DYNAMIC VIEWPORT LAYERING	  	 10/273670

10/18/2002
	  	 7051040

5/23/2006

					
	 Syniverse ICX Corporation
	  	United States	  	IMAGING SYSTEM PROVIDING DYNAMIC VIEWPORT LAYERING	  	 11/439928

5/23/2006
	  	 7792876

9/7/2010

					
	 Syniverse ICX Corporation
	  	United States	  	SYSTEM AND METHODOLOGY FOR PROVIDING A MOBILE DEVICE WITH A NETWORK-BASED INTELLIGENT RESOURCE FORK	  	 10/308595

12/2/2002
	  	 7092946

8/15/2006

					
	 Syniverse ICX Corporation
	  	United States	  	SYSTEM PROVIDING METHODOLOGY FOR THE RESTORATION OF ORIGINAL MEDIA QUALITY IN MESSAGING ENVIRONMENTS	  	 10/707435

12/12/2003
	  	 7720924

5/18/2010

					
	 Syniverse ICX Corporation
	  	United States	  	METHOD AND APPARATUS FOR DISTRIBUTING COLOR CORRECTED IMAGES ACROSS A NETWORK USING DISTRIBUTED CACHING	  	 09/827018

4/5/2001
	  	 6895113

5/17/2005

									
	 Syniverse ICX Corporation
	  	United States	  	FEEDBACK INTEGRATION OF DYNAMIC OPERATIONS	  	 10/808767

3/24/2004
	  	 7516454

4/7/2009

					
	 Syniverse ICX Corporation
	  	United States	  	METHOD AND APPARATUS TO PERMIT INTERJECTED MESSAGING IN A MULTIMEDIA MESSAGING SYSTEM	  	 10/808886

3/24/2004
	  	 7254218

8/7/2007

					
	 Syniverse ICX Corporation
	  	United States	  	METHOD AND APPARATUS TO IMPLEMENT THEMES FOR A HANDHELD DEVICE	  	 11/050356

2/2/2005
	  	 7571189

8/4/2009

					
	 Syniverse ICX Corporation
	  	United States	  	METHOD AND APPARATUS FOR RESPONSE ENABLED MESSAGING	  	 11/876717

10/22/2007
	  	 7783713

8/24/2010

					
	 Syniverse ICX Corporation
	  	United States	  	SYSTEM AND METHOD FOR MANAGING DISTRIBUTION OF MULTIFORMATTED CONTENT	  	 11/710480

2/26/2007
	  	 7610551

10/27/2009

					
	 Syniverse Technologies, LLC
	  	United States	  	EVENT-DRIVEN AND LOGIC-BASED DATA TRANSFORMATION	  	 09/965053

9/26/2001
	  	 6968329

11/22/2005

					
	 Syniverse Technologies, LLC
	  	United States	  	INTERNATIONAL SIGNALING GATEWAY	  	 09/512803

2/25/2000
	  	 6363431

3/26/2002

					
	 Syniverse Technologies, LLC
	  	United States	  	CELLULAR-TO-VOIP CALL ESTABLISHMENT SYSTEMS, METHODS, DEVICES, AND COMPUTER SOFTWARE	  	 11/513529

8/31/2006
	  	 7676229

3/9/2010

					
	 Syniverse ICX Corporation
	  	United States	  	METHOD AND APPARATUS FOR ASSIGNING A VIRTUAL ADDRESS TO AND TEXT-MESSAGING TO MULTIPLE TEXT-CAPABLE DESTINATION ENTITIES	  	 09/695235

10/25/2000
	  	 7403970

7/22/2008

					
	 Syniverse ICX Corporation
	  	United States	  	METHOD AND APPARATUS FOR ASSIGNING A VIRTUAL ADDRESS TO AND TEXT-MESSAGING TO MULTIPLE TEXT-CAPABLE DESTINATION ENTITIES	  	 12/140205

6/16/2008
	  	 8571065

10/29/2013

					
	 Syniverse ICX Corporation
	  	United States	  	UNIVERSAL ADDRESS RECOGNITION FOR TEXT-CAPABLE COMMUNICATION DEVICES	  	 11/371029

3/9/2006
	  	 7774503

8/10/2010

					
	 Syniverse ICX Corporation
	  	United States	  	OBTAINING A VALID INTERNATIONAL DESTINATION ADDRESS	  	 10/972650

10/26/2004
	  	 8001272

8/16/2011

					
	 Syniverse ICX Corporation
	  	United States	  	DETERMINING AN INTERNATIONAL DESTINATION ADDRESS	  	 10/972712

10/26/2004
	  	 7774502

08/10/2010

					
	 Syniverse Technologies, LLC
	  	United States	  	SYSTEM AND METHOD FOR SECURE ROAMING IN WIRELESS LOCAL AREA NETWORKS	  	 10/224226

8/5/2002
	  	 7389412

6/17/2008

					
	 Syniverse Technologies, LLC
	  	United States	  	FLEXIBLE M:N REDUNDANCY MECHANISM FOR PACKET INSPECTION ENGINE	  	 10/873965

6/22/2004
	  	 7586838

9/8/2009

					
	 Syniverse Technologies, LLC
	  	United States	  	HTTP EXTENSION HEADER FOR METERING INFORMATION	  	 11/010812

12/13/2004
	  	 7266116

9/4/2007

					
	 Syniverse ICX Corporation
	  	United States	  	METHOD AND APPARATUS FOR INTEGRATING MULTI-MEDIA MESSAGING AND IMAGE SERVING ABILITIES	  	 10/893469

7/16/2004
	  	 8046009

10/25/2011

					
	 Syniverse ICX Corporation
	  	United States	  	METHOD AND SYSTEM TO DELIVER MULTIMEDIA ALERTS TO A MOBILE PHONE	  	 11/284578

11/21/2005
	  	 8023971

9/20/2011

					
	 Syniverse ICX Corporation
	  	United States	  	SYSTEM AND METHOD FOR CROSS-CARRIER MOBILE DEVICE CAPABILITY DISCOVERY	  	 11/710474

2/26/2007
	  	 7974988

7/5/2011

					
	 Syniverse ICX Corporation
	  	United States	  	A METHOD AND APPARATUS FOR AN END-TO-END SEND-TO FRAMEWORK	  	 10/893470

7/16/2004
	  	 7827233

11/2/2010

					
	 Syniverse ICX Corporation
	  	United States	  	METHOD AND APPARATUS TO ENABLE INTEROPERATION BETWEEN MULTI-MEDIA MESSAGING SERVICE CENTERS	  	 10/996006

11/22/2004
	  	 7876766

1/25/2011

									
					
	 Syniverse ICX Corporation
	  	United States	  	METHOD AND APPARATUS FOR ENABLING CALL ORIGINATOR TO SELECT A NOTIFICATION ON A TELECOMMUNICATIONS DEVICE	  	 11/013625

12/15/2004
	  	 7904067

3/8/2011

					
	 Syniverse Technologies, LLC
	  	United States	  	RE-ROUTING CALLS FROM MOBILE STATIONS CLAIM SET I	  	 12/941,179

11/8/2010
	  	 8315635

11/20/2012

					
	 Syniverse Technologies, LLC
	  	United States	  	Re-Routing Calls from Mobile Stations Claim Set II	  	 12/941558

11/8/2010
	  	 8521157

8/27/2013

					
	 Syniverse Technologies, LLC
	  	United States	  	TOLL FREE DATA	  	 12/970,152

12/16/2010
	  	 8,693,358

4/8/2014

					
	 Syniverse Technologies, LLC
	  	United States	  	A METHOD AND APPARATUS TO PROVIDE AN ECOSYSTEM FOR MOBILE VIDEO	  	 13/232,953

9/14/2011
	  	 8,838,696

9/16/2014

					
	 Syniverse Communications, Inc. (f/k/a Aicent, Inc.)
	  	United States	  	FIXED MOBILE ROAMING SERVICE SOLUTION	  	 11/787,499

04/16/2007
	  	 8,676,195

3/18/2014

					
	 Syniverse Technologies, LLC
	  	United States	  	PROVIDING TOLL FREE DATA IN A WIRELESS ENVIRONMENT	  	 14/147172

1/3/2014
	  	 8,879,417

11/4/2014

					
	 U.S. PENDING
	  		  		  		  	
					
	 Syniverse Technologies, LLC
	  	United States	  	Methods, Apparatuses and Computer Program Products for Facilitating Toll Free Data Access	  	 13/360,312

01/27/2012
	  	
					
	 Syniverse Technologies, LLC
	  	United States	  	Proxy Platform for Inter-Operator Provisioning of ESIM Profiles	  	 62/585,920

11/14/2017
	  	
					
	 Syniverse Technologies, LLC
	  	United States	  	Virtual Global Title Translation Service	  	 62/587,083

11/16/2017
	  	
					
	 Syniverse Technologies, LLC
	  	United States	  	A Method of Determining Conversion Rate for SMS Messages	  	 62/612,870

01/02/2018
	  	
					
	 Syniverse Technologies, LLC
	  	United States	  	Contextual SS7 Firewall	  	 62/609,857

12/22/2017
	  	
					
	 Syniverse Technologies, LLC
	  	United States	  	Method and System for Interworking Between RCS Universal Profile and Pre-Universal Profile Clients	  	 62/615,951

01/10/2018
	  	
					
	 Syniverse Technologies, LLC
	  	United States	  	Virtual Dynamic Pool of SIM-based Devices	  	 62/542,478

08/08/2017
	  	
					
	 Syniverse Technologies, LLC
	  	United States	  	Method of Providing Data, Voice, and SMS Services to LTE Subscribers Roaming in 2G/3G Visited Networks (f/k/a LTE INTERWORKING FUNCTION ENABLER)	  	 15/695,620

09/05/2017
	  	
					
	 Syniverse Technologies, LLC
	  	United States	  	MOBILE DEVICE AUTHENTICATION	  	 62/524,095

06/23/2017
	  	
					
	 Syniverse Technologies, LLC
	  	United States	  	DIAMETER END-TO-END SECURITY WITH TIME BASED SIGNATURE	  	 62/526,625

06/29/2017
	  	
					
	 Syniverse Technologies, LLC
	  	United States	  	GTP FIREWALL FOR 3G GSM AND 4G LTE SIGNALING DATA TRAFFIC	  	 62/576,644

10/24/2017
	  	
					
	 Syniverse Technologies, LLC
	  	United States	  	GSM-LTE DEVICE ROAMING IN LTE-ONLY NETWORKS	  	 62/549,520

08/24/2017
	  	
					
	 Syniverse Technologies, LLC
	  	United States	  	METHOD OF PROVIDING A HOME MOBILE NETWORK OPERATOR WITH LOCATION OF AN OUTBOUND ROAMER	  	 62/550,276

08/25/2017
	  	
					
	 Syniverse Technologies, LLC
	  	United States	  	Selection and Interconnect for Distributed Packet Core Nodes	  	 62/570,657

10/10/2017
	  	
					
	 Syniverse Technologies, LLC
	  	United States	  	GTP TRAFFIC HUB FOR DATA OFFLOADING, DIVERSION, AND SECURITY	  	 62/572,094

10/13/2017
	  	

									
					
	 Syniverse Technologies, LLC
	  	United States	  	TRAFFIC REROUTING AND FILTERING IN PACKET CORE NETWORKS	  	 62/575,130

10/20/2017
	  	     

					
	 Syniverse Technologies, LLC
	  	United States	  	METHOD OF ASSESSING REAL-TIME SECURITY OF SEQUENCED PACKET EXCHANGE (SPX) NETWORK CONNECTION	  	 62/560,154

09/18/2017
	  	
					
	 Syniverse Technologies, LLC
	  	United States	  	Managed Internet Tunneling Protocol and Application	  	 62/535,606

07/21/2017
	  	
					
	 Syniverse Technologies, LLC
	  	United States	  	Method for providing roaming services in which the home network uses S8HR Model for out-bound roaming while the visited network uses LBO Model for
in-bound roaming	  	 15/622,609

06/14/2017
	  	
					
	 Syniverse Technologies, LLC
	  	United States	  	Method for computationally detecting anomalies of digital device behavior on a communications network	  	 62/526,437

06/29/2017
	  	
					
	 Syniverse Technologies, LLC
	  	United States	  	A Method and Apparatus for a commerce Opt-In Network (COIN)	  	 14/515,424

10/15/2014
	  	
					
	 Syniverse Technologies, LLC
	  	United States	  	MACHINE TYPE COMMUNICATION INTERWORKING FUNCTION PROXY	  	 15/645,576

07/10/2017
	  	
					
	 Syniverse Technologies, LLC
	  	United States	  	MACHINE TYPE COMMUNICATION INTERWORKING FUNCTION PROXY	  	 62/360,072

07/08/2016
	  	
					
	 Syniverse ICX Corporation
	  	United States	  	SYSTEM AND METHOD FOR PROVIDING COMMERCIAL SERVICES OVER A WIRELESS COMMUNICATION NETWORK	  	 12/272566

11/17/2008
	  	
					
	 Syniverse Technologies, LLC
	  	United States	  	A Method and Apparatus to Provide Mobile Intelligence	  	 13/899406

05/21/2013
	  	

 Copyrights 

Registration Number / Date: 
 TX0006294198 / 2005-12-12 
 Title: Generic message distributor (GMD) 

Registration Number / Date: 
 TX0006294200 / 2005-12-12 
 Title: Generic message monitor (GMM) 

Registration Number / Date: 
 TX0006294199 / 2005-12-12 
 Title: Generic message monitor (GMM) 

Registration Number / Date: 
 TX0006294197 / 2005-12-12 
 Title: GSM authentication center (AUC) 

Registration Number / Date: 
 TX0006294202 / 2005-12-12 
 Title: Mobile application part
(map-apt) 
 Registration Number / Date: 

TX0006294201 / 2005-12-12 

Title Provisioning system (enforce) 

 Registration Number / Date: 

TX0005782265 / 2002-06-12 

Title: Visibility call processor. 
 Registration Number / Date:

 TX0006008467 / 2002-06-12 

Title: Access. 
 Registration Number / Date: 

TX0006008474 / 2002-06-12 

Title: Access S&E. 
 Registration Number / Date: 

TX0005547691 / 2002-06-12 

Title: ACCESSibility. 
 Registration Number / Date: 

TX0005547693 / 2002-06-12 

Title: Arms. 
 Registration Number / Date: 

TX0005547692 / 2002-06-12 

Title: Crossroads. 
 Registration Number / Date: 

TX0006008468 / 2002-06-12 

Title: DataNet ANSI-41. 

Registration Number / Date: 
 TX0006008471 / 2002-06-12 
 Title: DataNet GSM. 

Registration Number / Date: 
 TX0006008470 / 2002-06-12 
 Title: Encrypt a key : Key management center. 

Registration Number / Date: 
 TX0005598345 / 2002-08-29 
 Title: Event Manager. 

Registration Number / Date: 
 TX0006008472 / 2002-06-12 
 Title: Fleet-on-trak. 
 Registration Number / Date: 

TX0006008466 / 2002-06-12 

Title: FMR. 
 Registration Number / Date: 

TX0005548003 / 2002-06-12 

Title: Fraud interceptor. 
 Registration Number / Date: 

TX0005782270 / 2002-06-12 

Title: FraudInterceptor. 

 Registration Number / Date: 

TX0005782266 / 2002-06-12 

Title: FraudManager. 
 Registration Number / Date: 

TX0005782263 / 2002-06-12 

Title: FraudManager and FMR Plus. 
 Registration Number / Date:

 TX0006008469 / 2002-06-12 

Title: FraudX GUI. 
 Registration Number / Date: 

TX0006008473 / 2002-06-12 

Title: FraudX server. 
 Registration Number / Date: 

TX0005782268 / 2002-06-12 

Title: FRM Plus. 
 Registration Number / Date: 

TX0005782267 / 2002-06-12 

Title: ICE. 
 Registration Number / Date: 

TX0005782271 / 2002-06-12 

Title: Message Manager. 
 Registration Number / Date: 

TX0005782264 / 2002-06-12 

Title: Prepaid. 
 Registration Number / Date: 

TX0005782269 / 2002-06-12 

Title: Rev C call processor. 
 Registration Number / Date: 

TX0005782272 / 2002-06-12 

Title: StatChek. 
 Registration Number / Date: 

TX0005548004 / 2002-06-12 

Title: Streamliner. 
 Registration Number / Date: 

TX0005548005 / 2002-06-12 

Title: [Transaction manager] 
 Registration Number / Date: 

TX0003666067 / 1993 
 Title: ACCESS PowerPack service: An idea
whose time has come for carriers still losing revenue out the 30-day aging window. 

 Registration Number / Date: 

TX0003538216 / 1993 Title: ACCESSibility database service: introducing a quick answer for roamer departments tied up with information requests. 

Registration Number / Date: 
 TX0003666066 / 1993 

Title: Cell-U-Rator message rating service: Finally, a time-efficient call
rating system with the power to turn rejects into revenue. 
 Registration Number / Date: 

TX0003538215 / 1993 
 Title: CloneDetector system: it’s
alarming what clone fraud can do to customer relations. 
 Registration Number / Date: 

TX0003738818 / 1993 
 Title: DASH system: selling the equipment is
only half the sale. 
 Registration Number / Date: 

TX0003677714 / 1993 
 Title: DataFlash financial system: Run the
fastest numbers in the business. 
 Registration Number / Date: 

TX0003666069 / 1993 
 Title: Follow Me Roaming Plus service:
Introducing the seamless call delivery service that’s bound to get a great reception from your subscribers. 
 Registration Number / Date: 

TX0003738817 / 1993 
 Title: Follow Me Roaming service: now you
can get more mileage out of your roaming business. 
 Registration Number / Date: 

TX0003538218 / 1993 
 Title: FraudManager service: finally, a
service that does justice to cellular fraud. 
 Registration Number / Date: 

TX0003556357 / 1993 
 Title: GTE’s affordable new customer
positive file service hits home with smaller carriers. 
 Registration Number / Date: 

TX0003538210 / 1993 
 Title: Guidelines roaming system: roaming is
easier with the right guidance. 
 Registration Number / Date: 

TX0003809850 / 1993 
 Title: Increasing your cellular phone sales
is a matter of time. 
 Registration Number / Date: 

TX0003538219 / 1993 
 Title: INLink intelligent network smooths
out the wrinkles in seamless roaming. 
 Registration Number / Date: 

TX0003538211 / 1993 
 Title: INLink intelligent network: the
seamless environment is changing the fabric of the cellular industry. 

 Registration Number / Date: 

TX0003538213 / 1993 
 Title: NetAlert real-time analysis system
pinpoints multiple problems from a single checkpoint. 
 Registration Number / Date: 

TX0003538212 / 1993 
 Title: NetAlert system: introducing our most
alarming breakthrough ever 
 Registration Number / Date: 

TX0003666063 / 1993 
 Title: Phone Me Anywhere Plus service:
Introducing the seamless call delivery service that’s bound to get a great reception from your subscribers. 
 Registration Number / Date: 

TX0003666064 / 1993 
 Title: Phone Me Anywhere service: Now you
can get more mileage out of your roaming business. 
 Registration Number / Date: 

TX0003538214 / 1993 
 Title: Positive Validation Service (PVS):
take your first positive step against fraud. 
 Registration Number / Date: 

TX0003666065 / 1993 
 Title: StatChek service links ESN check to
carriers’ activation systems 
 Registration Number / Date: 

TX0003738816 / 1993 
 Title: Streamliner: a streamlined approach
to managing your corporate account program. 
 Registration Number / Date: 

TX0003809849 / 1993 
 Title: Time-tested roamer administration
services that put you in control: ACCESS settlement and exchange services. 
 Registration Number / Date: 

TX0003666090 / 1993 
 Title: TransAction Manager system 

Registration Number / Date: 
 TX0003538217 / 1993 

Title: TransAction Manager system speeds decision-making with intelligent data handling. 

Registration Number / Date: 
 TX0003666062 / 1992 

Title: Here’s why IS-41 is important to you. 

Registration Number / Date: 
 TX0003738819 / 1992 

Title: New STREAMLINER system further increases corporate account management efficiency. 

Registration Number / Date: 
 TX0003666061 / 1991 

Title: Phone Me Anywhere 

 Registration Number / Date: 

TX0003666068 / 1990 
 Title: Follow Me Roaming 

Domain Names 
  

					
	 Owner
	  	 Domain Name
	  	 Expiration Date

	Syniverse Technologies, LLC	  	aa71.eu	  	30-Jun-18
			
	Syniverse Technologies, LLC	  	campaignplatform.global	  	18-Jan-19
			
	Syniverse Technologies, LLC	  	campaignplatform.net	  	18-Jan-19
			
	Syniverse Technologies, LLC	  	cibernet.com	  	22-Nov-18
			
	Syniverse Technologies, LLC	  	ciniverse.com	  	20-Feb-19
			
	Syniverse Technologies, LLC	  	clk.cm	  	10-May-18
			
	Syniverse Technologies, LLC	  	cyniverse.com	  	20-Feb-19
			
	Syniverse Technologies, LLC	  	dataclearing.com	  	10-Jul-18
			
	Syniverse Technologies, LLC	  	dataclearinghouse.com	  	23-Jul-18
			
	Syniverse Technologies, LLC	  	datahostedsolutions.com	  	2-Dec-18
			
	Syniverse Technologies, LLC	  	dialingcodestore.com	  	21-Aug-18
			
	Syniverse Technologies, LLC	  	eacharityevents.com	  	6-Jan-19
			
	Syniverse Technologies, LLC	  	eacharityevents.org	  	6-Jan-19
			
	Syniverse Technologies, LLC	  	GMBHCLEARING.COM	  	4-Feb-19
			
	Syniverse Technologies, LLC	  	GMBH-CLEARING.COM	  	4-Feb-19
			
	Syniverse Technologies, LLC	  	GMBHCLEARING.DE	  	4-Feb-19
			
	Syniverse Technologies, LLC	  	GMBH-CLEARING.DE	  	4-Feb-19
			
	Syniverse Technologies, LLC	  	hosteddatasolution.com	  	1-Dec-18
			
	Syniverse Technologies, LLC	  	imakemobilework.co	  	20-Jul-18
			
	Syniverse Technologies, LLC	  	imakemobilework.com	  	25-Jun-18
			
	Syniverse Technologies, LLC	  	ipmessagingcenter.com	  	27-Sep-18
			
	Syniverse Technologies, LLC	  	ithlgroup.com	  	19-Jul-18
			
	Syniverse Technologies, LLC	  	ivrs.com	  	21-Mar-19
			
	Syniverse Technologies, LLC	  	L2one.com	  	26-Aug-18
			
	Syniverse Technologies, LLC	  	lightsurf.com	  	10-Sep-18
			
	Syniverse Technologies, LLC	  	lightsurf.net	  	8-Nov-18
			
	Syniverse Technologies, LLC	  	lightsurf.ws	  	9-Aug-18
			
	Syniverse Technologies, LLC	  	lnkme.net	  	15-Apr-18
			
	Syniverse Technologies, LLC	  	LTE.IS	  	19-Oct-18
			
	Syniverse Technologies, LLC	  	MESSAGING.IS	  	19-Oct-18
			
	Syniverse Technologies, LLC	  	mmsig.com	  	21-Oct-18
			
	Syniverse Technologies, LLC	  	mmsvp.com	  	19-Jan-19
			
	Syniverse Technologies, LLC	  	MNP2.ORG.UK	  	9-May-18
			
	Syniverse Technologies, LLC	  	mobilecontext.com	  	25-Jul-18
			
	Syniverse Technologies, LLC	  	mobilelingo.com	  	3-Sep-18
			
	Syniverse Technologies, LLC	  	mobilemarketingwave.com	  	7-Oct-18
			
	Syniverse Technologies, LLC	  	MOBILEMESSAGING.IS	  	19-Oct-18
			
	Syniverse Technologies, LLC	  	mobilemessaginginsight.com	  	16-Mar-19
			
	Syniverse Technologies, LLC	  	mobilingo.com	  	29-Jan-19
			
	Syniverse Technologies, LLC	  	mthing.com	  	16-Aug-18
			
	Syniverse Technologies, LLC	  	mthing.net	  	16-Aug-18
			
	Syniverse Technologies, LLC	  	mysyniverse.biz	  	14-Jun-18
			
	Syniverse Technologies, LLC	  	mysyniverse.com	  	14-Jun-18
			
	Syniverse Technologies, LLC	  	mysyniverse.info	  	16-Jan-19
			
	Syniverse Technologies, LLC	  	mysyniverse.net	  	13-Jan-19
			
	Syniverse Technologies, LLC	  	mysyniverse.org	  	16-Jan-19
			
	Syniverse Technologies, LLC	  	mysyniverse.xxx	  	14-Jun-18
			
	Syniverse Technologies, LLC	  	np.com.sg	  	4-Apr-19
			
	Syniverse Technologies, LLC	  	npindia.co.in	  	5-Jun-18
			
	Syniverse Technologies, LLC	  	npindia.in	  	5-Jun-18
			
	Syniverse Technologies, LLC	  	nrtrde.com	  	7-Aug-18

					
	 Owner
	  	 Domain Name
	  	 Expiration Date

	Syniverse Technologies, LLC	  	one1clear.net	  	22-Nov-18
			
	Syniverse Technologies, LLC	  	openconnectivity.com	  	10-Jul-18
			
	Syniverse Technologies, LLC	  	picturemail.com	  	4-Mar-19
			
	Syniverse Technologies, LLC	  	promessaging.com	  	1-Aug-18
			
	Syniverse Technologies, LLC	  	promessaging.net	  	1-Aug-18
			
	Syniverse Technologies, LLC	  	roam-monitor.com	  	27-Sep-18
			
	Syniverse Technologies, LLC	  	secureipx.biz	  	31-Aug-18
			
	Syniverse Technologies, LLC	  	secureipx.ca	  	31-Aug-18
			
	Syniverse Technologies, LLC	  	secureipx.co	  	31-Aug-18
			
	Syniverse Technologies, LLC	  	secureipx.com	  	31-Aug-18
			
	Syniverse Technologies, LLC	  	secureipx.eu	  	31-Aug-18
			
	Syniverse Technologies, LLC	  	secureipx.global	  	31-Aug-18
			
	Syniverse Technologies, LLC	  	secureipx.info	  	31-Aug-18
			
	Syniverse Technologies, LLC	  	secureipx.is	  	31-Aug-18
			
	Syniverse Technologies, LLC	  	secureipx.net	  	31-Aug-18
			
	Syniverse Technologies, LLC	  	secureipx.org	  	31-Aug-18
			
	Syniverse Technologies, LLC	  	secureipx.us	  	31-Aug-18
			
	Syniverse Technologies, LLC	  	smsdialin.com	  	15-May-18
			
	Syniverse Technologies, LLC	  	sms-hub.eu	  	30-Jun-18
			
	Syniverse Technologies, LLC	  	smsmessagesite.com	  	2-Jul-18
			
	Syniverse Technologies, LLC	  	stars-streamliner.com	  	10-Mar-19
			
	Syniverse Technologies, LLC	  	syniver.se	  	13-Aug-18
			
	Syniverse Technologies, LLC	  	syniverse.biz	  	12-Jan-19
			
	Syniverse Technologies, LLC	  	syniverse.co	  	19-Jul-18
			
	Syniverse Technologies, LLC	  	syniverse.co.in	  	22-Jun-18
			
	Syniverse Technologies, LLC	  	syniverse.com	  	3-Dec-18
			
	Syniverse Technologies, LLC	  	syniverse.com.hk	  	7-Nov-18
			
	Syniverse Technologies, LLC	  	syniverse.hk	  	19-Sep-18
			
	Syniverse Technologies, LLC	  	syniverse.in	  	12-Oct-18
			
	Syniverse Technologies, LLC	  	syniverse.info	  	16-Jan-19
			
	Syniverse Technologies, LLC	  	syniverse.net	  	13-Jan-19
			
	Syniverse Technologies, LLC	  	syniverse.net.hk	  	3-Nov-16
			
	Syniverse Technologies, LLC	  	syniverse.org	  	16-Jan-19
			
	Syniverse Technologies, LLC	  	syniverse.us	  	8-Nov-18
			
	Syniverse Technologies, LLC	  	syniverse.xxx	  	5-Jan-19
			
	Syniverse Technologies, LLC	  	syniversecomm.com	  	12-Jun-18
			
	Syniverse Technologies, LLC	  	syniversemobilemarketplace.net	  	26-Oct-18
			
	Syniverse Technologies, LLC	  	syniversetechnologies.biz	  	7-May-18
			
	Syniverse Technologies, LLC	  	syniversetechnologies.co	  	7-May-18
			
	Syniverse Technologies, LLC	  	syniversetechnologies.com	  	24-May-18
			
	Syniverse Technologies, LLC	  	syniversetechnologies.info	  	7-May-18
			
	Syniverse Technologies, LLC	  	syniversetechnologies.name	  	7-May-18
			
	Syniverse Technologies, LLC	  	syniversetechnologies.net	  	7-May-18
			
	Syniverse Technologies, LLC	  	syniversetechnologies.org	  	7-May-18
			
	Syniverse Technologies, LLC	  	syniversetechnologies.us	  	7-May-18
			
	Syniverse Technologies, LLC	  	themthing.com	  	16-Aug-18
			
	Syniverse Technologies, LLC	  	unimobile.com	  	20-Jan-19
			
	Syniverse Technologies, LLC	  	vodafonemessaginghub.com	  	2-Apr-18
			
	Syniverse Technologies, LLC	  	wemakemobilework.co	  	20-Jul-18
			
	Syniverse Technologies, LLC	  	wemakemobilework.com	  	28-Jan-19

 Schedule IV to the 

Security Agreement 

COMMERCIAL TORT CLAIMS 
 None. 

 Schedule V to the 

Security Agreement 

LETTERS OF CREDIT 
 None. 

 Exhibit A to the 

Security Agreement 
 FORM
OF SECURITY AGREEMENT SUPPLEMENT 
 [Date of Security Agreement Supplement] 

Barclays Bank PLC, 

					
	 as the Administrative Agent for the
 Secured
Parties referred to in the
 Credit Agreement referred to below
	 		 	
	  
	 		 	
	  
	 		 	
	Attn:                                     
                                       	 		 	

 [Syniverse Holdings, Inc.] 

Ladies and Gentlemen: 
 Reference is made to
(i) the Second Lien Credit Agreement dated as of March 9, 2018 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Syniverse Holdings, Inc., a
Delaware corporation, as the Borrower, Buccaneer Holdings, LLC, a Delaware limited liability company (“Holdings”), Barclays Bank PLC, as the Administrative Agent (together with any successor administrative agent, the
“Administrative Agent”), and the Lenders party thereto, and (ii) the Second Lien Security Agreement dated March 9, 2018 (as amended, amended and restated, supplemented or otherwise modified from time to time, the
“Security Agreement”) made by the Grantors from time to time party thereto in favor of the Administrative Agent for the Secured Parties. Terms defined in the Credit Agreement or the Security Agreement and not otherwise
defined herein are used herein as defined in the Credit Agreement or the Security Agreement (and in the event of a conflict, the applicable definition shall be the one given to such term in the Security Agreement). 

SECTION 1. Grant of Security. The undersigned hereby grants to the Administrative Agent, for the benefit of the Secured Parties, a
security interest in, all of its right, title and interest in and to all of the Collateral of the undersigned (including all Accounts, cash and Cash Equivalents, Chattel Paper, Commercial Tort Claims set forth on Schedule IV of this Security
Agreement Supplement, Deposit Accounts, Documents, Equipment, Fixtures (subject to Section 23 of the Security Agreement), General Intangibles, Goods, Instruments, Inventory,
Letter-of-Credit Rights, Financial Assets, Pledged Debt and Pledged Interests), except for any Excluded Property and subject to the Perfection Exceptions, whether now
owned or hereafter acquired by the undersigned, wherever located and whether now or hereafter existing or arising, including, without limitation, the property and assets of the undersigned set forth on the attached supplemental schedules to the
Schedules to the Security Agreement. 
 SECTION 2. Security for Obligations. The grant of a security interest in, the Collateral by
the undersigned under this Security Agreement Supplement and the Security Agreement secures the payment of all Secured Obligations of the undersigned now or hereafter 
  

  
 Form of Syniverse 

Security Agreement Supplement 

 
existing under or in respect of the Secured Documents (as such Secured Documents may be amended, amended and restated, supplemented, replaced, refinanced or otherwise modified from time to time
(including any increases of the principal amount outstanding thereunder)). Without limiting the generality of the foregoing, this Security Agreement Supplement and the Security Agreement secures the payment of all amounts that constitute part of the
Secured Obligations that would be owed by the Grantor to any Secured Party under the Secured Documents but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, or reorganization or similar proceeding
involving a Loan Party. 
 SECTION 3. Supplements to Security Agreement Schedules. The undersigned has attached hereto supplemental
Schedules I through IV to Schedules I through IV, respectively, to the Security Agreement, and the undersigned hereby certifies, as of the date first above written, that such supplemental schedules have been prepared by the undersigned in
substantially the form of the equivalent Schedules to the Security Agreement and are complete and correct in all material respects. 

SECTION 4. Representations and Warranties. The undersigned hereby makes each representation and warranty set forth in Section 6 of
the Security Agreement with respect to itself (as supplemented by the attached supplemental schedules) as of the date hereof. 
 SECTION 5.
Obligations Under the Security Agreement. The undersigned hereby agrees, as of the date first above written, to be bound as a Grantor by all of the terms and provisions of the Security Agreement to the same extent as each of the other
Grantors. The undersigned further agrees, as of the date first above written, that each reference in the Security Agreement to an “Additional Grantor” or a “Grantor” shall also mean and be a reference to the undersigned and that
each reference to the “Collateral” or any part thereof shall also mean and be a reference to the undersigned’s Collateral or part thereof, as the case may be. 

SECTION 6. Governing Law; Jurisdiction; Etc. (a) THIS SECURITY AGREEMENT SUPPLEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES
HEREUNDER AND THEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ITS PRINCIPLES OR RULES OF CONFLICT OF LAWS TO THE EXTENT SUCH PRINCIPLES OR RULES ARE NOT MANDATORILY
APPLICABLE BY STATUTE AND WOULD REQUIRE OR PERMIT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. 
 (b) EACH PARTY HERETO IRREVOCABLY
AND UNCONDITIONALLY SUBMITS FOR ITSELF AND ITS PROPERTY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS SECURITY AGREEMENT SUPPLEMENT TO THE EXCLUSIVE GENERAL JURISDICTION OF THE SUPREME COURT OF THE STATE OF NEW YORK FOR THE COUNTY OF NEW YORK
(THE “NEW YORK SUPREME COURT”), AND THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK (THE “FEDERAL DISTRICT COURT,” AND TOGETHER WITH THE NEW YORK SUPREME COURT, THE “NEW YORK
COURTS”) AND APPELLATE COURTS FROM EITHER OF THEM; PROVIDED THAT NOTHING IN THIS SECURITY AGREEMENT SUPPLEMENT SHALL BE DEEMED OR OPERATE TO 

  
 Form of Syniverse 

Security Agreement Supplement 
 2

 
PRECLUDE (I) THE ADMINISTRATIVE AGENT FROM BRINGING SUIT OR TAKING OTHER LEGAL ACTION IN ANY OTHER JURISDICTION TO REALIZE ON THE COLLATERAL OR ANY OTHER SECURITY FOR THE OBLIGATIONS (IN
WHICH CASE ANY PARTY SHALL BE ENTITLED TO ASSERT ANY CLAIM OR DEFENSE, INCLUDING ANY CLAIM OR DEFENSE THAT THIS SECTION 6 WOULD OTHERWISE REQUIRE TO BE ASSERTED IN A LEGAL ACTION OR PROCEEDING IN A NEW YORK COURT), OR TO ENFORCE A JUDGMENT OR OTHER
COURT ORDER IN FAVOR OF THE ADMINISTRATIVE AGENT, (II) ANY PARTY FROM BRINGING ANY LEGAL ACTION OR PROCEEDING IN ANY JURISDICTION FOR THE RECOGNITION AND ENFORCEMENT OF ANY JUDGMENT AND (III) IF ALL SUCH NEW YORK COURTS DECLINE
JURISDICTION OVER ANY PERSON, OR DECLINE (OR IN THE CASE OF THE FEDERAL DISTRICT COURT, LACK) JURISDICTION OVER ANY SUBJECT MATTER OF SUCH ACTION OR PROCEEDING, A LEGAL ACTION OR PROCEEDING MAY BE BROUGHT WITH RESPECT THERETO IN ANOTHER COURT HAVING
JURISDICTION. 
 (c) EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY
OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS SECURITY AGREEMENT SUPPLEMENT IN ANY COURT REFERRED TO IN PARAGRAPH (b) OF THIS SECTION. EACH OF THE PARTIES
HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT. 

(d) EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 19 OF THE SECURITY
AGREEMENT. NOTHING IN THIS SECURITY AGREEMENT SUPPLEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 

(e) EACH PARTY TO THIS SECURITY AGREEMENT SUPPLEMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE
OF ACTION ARISING UNDER THIS SECURITY AGREEMENT SUPPLEMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO THIS SECURITY AGREEMENT SUPPLEMENT, OR THE TRANSACTIONS RELATED
HERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL
WITHOUT A JURY, AND THAT ANY PARTY TO THIS SECURITY AGREEMENT SUPPLEMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION 6(e) WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO THE WAIVER OF THEIR RIGHT
TO TRIAL BY JURY. 

  
 Form of Syniverse 

Security Agreement Supplement 
 3

 
					
	Very truly yours,
	
	[NAME OF ADDITIONAL GRANTOR]
		
	By	 	  

		 	Title:	 	
			
		 		 	Address for notices:
		 		 	  

		 		 	  

		 		 	  

  
 Form of Syniverse 

Security Agreement Supplement 
 4

 Exhibit B-1 to the 

Security Agreement 
 FORM OF
GRANT OF SECURITY INTEREST IN COPYRIGHTS 
 This GRANT OF SECURITY INTEREST IN COPYRIGHTS (this “Agreement”), dated as of
[•], is made by [•], a [•] corporation (the “Grantor”), in favor of BARCLAYS BANK PLC, as administrative agent (in such capacity, together with any successor administrative agent, the “Agent”)
for the Secured Parties (as defined in the Second Lien Credit Agreement, dated as of March 9, 2018 (as amended, amended and restated, supplemented, replaced, refinanced or otherwise modified from time to time, the “Credit
Agreement”), among SYNIVERSE HOLDINGS, INC. (the “Borrower”), BUCCANEER HOLDINGS, LLC, the Agent and the Lenders). 

WHEREAS, pursuant to the Credit Agreement, the Lenders have agreed to make Loans to the Borrower subject to the terms and conditions set forth
therein; and 
 WHEREAS, in connection with the Credit Agreement, the Grantor executed and delivered a Second Lien Security
Agreement, dated as of March 9, 2018, in favor of the Agent (as it may be amended and restated, supplemented or otherwise modified from time to time, the “Security Agreement”); and 

WHEREAS, pursuant to the Security Agreement, the Grantor granted to the Agent, for the benefit of the Secured Parties, a security interest in
all of its Intellectual Property Collateral, including the Copyright Collateral (as defined below); and 
 WHEREAS, the Grantor has duly
authorized the execution, delivery and performance of this Agreement; 
 NOW THEREFORE, for good and valuable consideration, the receipt of
which is hereby acknowledged, and in order to induce the Lenders to make Loans and other financial accommodations to the Borrower pursuant to the Credit Agreement, the Grantor agrees, for the benefit of the Secured Parties, as follows: 

SECTION 1. Definitions. Unless otherwise defined herein or the context otherwise requires, terms used in this Agreement, including its
preamble and recitals, have the meanings provided or provided by reference in the Credit Agreement or the Security Agreement, as the case may be. 

SECTION 2. Grant of Security Interest. The Grantor hereby grants, for the benefit of the Secured Parties, a security interest in such
Grantor’s right, title and interest in and to all of the following (the “Copyright Collateral”), whether now owned or hereafter acquired by such Grantor and whether now or hereafter existing or arising, as collateral security
for the payment of all Obligations of such Grantor. 
 (i) all Copyrights, including, without limitation, those items listed
on Schedule I hereto; 
 (ii) all exclusive Copyright licenses to which such Grantor, now or hereafter, is a party;

 Form of Grant of Security Interest in Copyrights 

 (iii) any claims for damages and injunctive relief for past, present and future
infringement, violation, misuse or breach with respect to any of the foregoing, with the right, but not the obligation, to sue for and collect, or otherwise recover, such damages; and 

(iv) all proceeds of, collateral for, income, royalties and other payments now or hereafter due and payable with respect to,
and Supporting Obligations relating to, any and all of the foregoing. 
 SECTION 3. Purpose. This Agreement has been executed and
delivered by the Grantor for the purpose of recording the grant of security interest with the United States Copyright Office. This Agreement is expressly subject to the terms and conditions of the Security Agreement. The Security Agreement (and all
rights and remedies of the Secured Parties thereunder) shall remain in full force and effect in accordance with its terms. 
 SECTION 4.
Acknowledgment. The Grantor does hereby further acknowledge and affirm that the rights and remedies of the Secured Parties with respect to the security interest in the Copyright Collateral are more fully set forth the Security Agreement, the
terms and provisions of which (including the remedies provided for therein) are incorporated by reference herein as if fully set forth herein. In the event that any provision of this Agreement is deemed to conflict with the Security Agreement, the
provisions of the Security Agreement shall control. 
 SECTION 5. Counterparts. This Agreement may be executed in counterparts, each
of which will be deemed an original, but all of which together constitute one and the same original. 

*    *    * 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK.] 

  

					
	    	  	 Form of Grant of Security Interest in Copyrights
	  	Syniverse Security Agreement

 Exhibit B-1 to the 

Security Agreement 
 IN
WITNESS WHEREOF, the Grantor has caused this Agreement to be duly executed and delivered by its officer thereunto duly authorized as of the date first above written. 

 

			
	[GRANTOR]
		
	By:	 	  

		 	Name:
		 	Title:

 Form of Grant of Security Interest in Copyrights 

 SCHEDULE I 

Copyrights 
  

							
	 Grantor
	 	 Reg. No.
	 	 Issue Date
	  	 Title of Work

Exclusive Copyright Licenses 

[Include complete legal description of agreement (name of agreement, parties, and date)] 

  
 Form of Grant of Security
Interest in Copyrights 

 Exhibit B-2 to the 

Security Agreement 
 FORM OF
NOTICE AND CONFIRMATION OF 
 GRANT OF SECURITY INTEREST IN PATENTS 

This NOTICE AND CONFIRMATION OF GRANT OF SECURITY INTEREST IN PATENTS (the “Agreement”), dated as of [•], is made by
[•], a [•] corporation (the “Grantor”), in favor of BARCLAYS BANK PLC, as administrative agent (in such capacity, together with any successor administrative agent, the “Agent”) for the Secured
Parties (as defined in the Second Lien Credit Agreement, dated as of March 9, 2018 (as amended, amended and restated, supplemented, replaced, refinanced or otherwise modified from time to time, the “Credit Agreement”), among
SYNIVERSE HOLDINGS, INC. (the “Borrower”), BUCCANEER HOLDINGS, LLC, the Agent and the Lenders). 
 WHEREAS, pursuant to the
Credit Agreement, the Lenders have agreed to make the Loans to the Borrower subject to the terms and conditions set forth therein; and 

WHEREAS, in connection with the Credit Agreement, the Grantor executed and delivered a Second Lien Security Agreement, dated as of
March 9, 2018, in favor of the Agent as it may be amended and restated, supplemented or otherwise modified from time, the “Security Agreement”); and 

WHEREAS, pursuant to the Security Agreement, the Grantor granted to the Agent, for the benefit of the Secured Parties, a security interest in
all of its Intellectual Property Collateral, including the Patent Collateral (as defined below); and 
 WHEREAS, the Grantor has duly
authorized the execution, delivery and performance of this Agreement; 
 NOW THEREFORE, for good and valuable consideration, the receipt of
which is hereby acknowledged, and in order to induce the Lenders to make Loans and other financial accommodations to the Borrowers pursuant to the Credit Agreement, the Grantor agrees, for the ratable benefit of the Secured Parties, as follows: 

SECTION 1. Definitions. Unless otherwise defined herein or the context otherwise requires, terms used in this Agreement, including
its preamble and recitals, have the meanings provided or provided by reference in the Credit Agreement or the Security Agreement, as the case may be. 

SECTION 2. Confirmation of Grant of Security Interest. The Grantor hereby confirms that, pursuant to the Security Agreement it granted
to the Agent, for the benefit of the Secured Parties, a security interest in such Grantor’s right, title and interest in and to all of the following (the “Patent Collateral”), whether now owned or hereafter acquired by such
Grantor and whether now or hereafter existing or arising, as collateral security for the payment of all Obligations of such Grantor. 

(i) all Patents, including, without limitation, those items listed on Schedule I hereto; 

Form of Notice and Confirmation of Grant of Security Interest in Patents 

 (ii) any claims for damages and injunctive relief for past, present and future
infringement, violation, or misuse with respect to any of the foregoing, with the right, but not the obligation, to sue for and collect, or otherwise recover, such damages; and 

(iii) all proceeds of, collateral for, income, royalties and other payments now or hereafter due and payable with respect to,
and Supporting Obligations relating to, any and all of the foregoing. 
 SECTION 3. Purpose. This Agreement has been executed and
delivered by the Grantor for the purpose of recording the grant of security interest with the United States Patent and Trademark Office. This Agreement is expressly subject to the terms and conditions of the Security Agreement. The Security
Agreement (and all rights and remedies of the Secured Parties thereunder) shall remain in full force and effect in accordance with its terms. 

SECTION 4. Acknowledgment. The Grantor does hereby further acknowledge and affirm that the rights and remedies of the Secured Parties
with respect to the security interest in the Patent Collateral are more fully set forth in the Security Agreement, the terms and provisions of which (including the remedies provided for therein) are incorporated by reference herein as if fully set
forth herein. In the event that any provision of this Agreement is deemed to conflict with the Security Agreement, the provisions of the Security Agreement shall control. 

SECTION 5. Counterparts. This Agreement may be executed in counterparts, each of which will be deemed an original, but all of which
together constitute one and the same original. 
 *    *    * 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK.] 

  
 Form of Notice and
Confirmation of Grant of Security Interest in Patents 

 IN WITNESS WHEREOF, the Grantor has caused this Agreement to be duly executed and delivered by
its officer thereunto duly authorized as of the date first above written. 
  

			
	[GRANTOR]
		
	By:	 	  

		 	Name:
		 	Title:

  
 Form of Notice and
Confirmation of Grant of Security Interest in Patents 

 SCHEDULE I 

Patents 
  

											
	 Grantor
	 	 Patent Title
	 	 Applic. No.
	  	 Filing Date
	  	 Patent No.
	  	 Issue Date

  
 Form of Notice and
Confirmation of Grant of Security Interest in Patents 

 Exhibit B-3 to the 

Security Agreement 
 FORM OF
NOTICE AND CONFIRMATION OF GRANT OF SECURITY 
 INTEREST IN TRADEMARKS 

This NOTICE AND CONFIRMATION OF GRANT OF SECURITY INTEREST IN TRADEMARKS (this “Agreement”), dated as of [•], is made by
[•], a [•] corporation (the “Grantor”), in favor of BARCLAYS BANK PLC, as administrative agent (in such capacity, together with any successor administrative agent, the “Agent”) for the Secured
Parties (as defined in the Second Lien Credit Agreement, dated as of March 9, 2018 (as amended, amended and restated, supplemented, replaced, refinanced or otherwise modified from time to time, the “Credit Agreement”), among
SYNIVERSE HOLDINGS, INC. (the “Borrower”), BUCCANEER HOLDINGS, LLC, the Agent and the Lenders). 
 WHEREAS, pursuant to the
Credit Agreement, the Lenders have severally agreed to make the Loans to the Borrower subject to the terms and conditions set forth therein; and 

WHEREAS, in connection with the Credit Agreement, the Grantor executed and delivered a Second Lien Security Agreement, dated as of
March 9, 2018, in favor of the Agent (as it may be amended and restated, supplemented or otherwise modified from time to time, the “Security Agreement”); and 

WHEREAS, pursuant to the Security Agreement, the Grantor granted to the Agent, for the benefit of the Secured Parties, a security interest in
all of its Intellectual Property Collateral, including the Trademark Collateral (as defined below); and 
 WHEREAS, the Grantor has duly
authorized the execution, delivery and performance of this Agreement; 
 NOW THEREFORE, for good and valuable consideration, the receipt of
which is hereby acknowledged, and in order to induce the Lenders to make Loans and other financial accommodations to the Borrower pursuant to the Credit Agreement, the Grantor agrees, for the ratable benefit of the Secured Parties, as follows: 

SECTION 1. Definitions. Unless otherwise defined herein or the context otherwise requires, terms used in this Agreement, including its
preamble and recitals, have the meanings provided or provided by reference in the Credit Agreement or the Security Agreement, as the case may be. 

SECTION 2. Confirmation of Grant of Security Interest. The Grantor hereby confirms that pursuant to the Security Agreement it granted
to the Agent, for the benefit of the Secured Parties, a security interest in such Grantor’s right, title and interest in and to all of the following (the “Trademark Collateral”), whether now owned or hereafter acquired by such
Grantor and whether now or hereafter existing or arising, as collateral security for the payment of all Obligations of such Grantor. 

(i) all Trademarks, including, without limitation, those items listed on Schedule I hereto; 

 

  
 Form of Notice and
Confirmation of Grant of Security Interest in Trademarks 

 (ii) any claims for damages and injunctive relief for past, present and future
infringement, dilution, violation or misuse with respect to any of the foregoing, with the right, but not the obligation, to sue for and collect, or otherwise recover, such damages; and 

(iii) all proceeds of, collateral for, income, royalties and other payments now or hereafter due and payable with respect to,
and Supporting Obligations relating to, any and all of the foregoing. 
 SECTION 3. Purpose. This Agreement has been executed and
delivered by the Grantor for the purpose of recording the grant of security interest with the United States Patent and Trademark Office. This Agreement is expressly subject to the terms and conditions of the Security Agreement. The Security
Agreement (and all rights and remedies of the Secured Parties thereunder) shall remain in full force and effect in accordance with its terms. 

SECTION 4. Acknowledgment. The Grantor does hereby further acknowledge and affirm that the rights and remedies of the Secured Parties
with respect to the security interest in the Trademark Collateral are more fully set forth in the Security Agreement, the terms and provisions of which (including the remedies provided for therein) are incorporated by reference herein as if fully
set forth herein. In the event that any provision of this Agreement is deemed to conflict with the Security Agreement, the provisions of the Security Agreement shall control. 

SECTION 5. Counterparts. This Agreement may be executed in counterparts, each of which will be deemed an original, but all of which
together constitute one and the same original. 
 *    *    * 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK.] 

  
 Form of Notice and
Confirmation of Grant of Security Interest in Trademarks 

 IN WITNESS WHEREOF, the Grantor has caused this Agreement to be duly executed and delivered by
its officer thereunto duly authorized as of the date first above written. 
  

			
	[GRANTOR]
		
	By:	 	  

		 	Name:
		 	Title:

  
 Form of Notice and
Confirmation of Grant of Security Interest in Trademarks 

 SCHEDULE I 

Trademarks 
  

											
	 Grantor
	 	 Mark
	 	 Applic. No.
	  	 Filing Date
	  	 Reg. No.
	  	 Issue Date

  
 Form of Notice and
Confirmation of Grant of Security Interest in TrademarksEX-10.4

 Exhibit 10.4 

EXECUTION VERSION 
 SECOND LIEN
HOLDINGS GUARANTY 
 Dated as of March 9, 2018 

From 
 BUCCANEER HOLDINGS, LLC,

 as Guarantor, 
 in favor of

 THE SECURED PARTIES REFERRED TO IN 

THE CREDIT AGREEMENT REFERRED TO HEREIN 

 TABLE OF CONTENTS 

 

					
	Section	  	Page	 
	 Section 1. Guaranty
	  	 	1	 
		
	 Section 2. Guaranty Absolute
	  	 	2	 
		
	 Section 3. Waivers and Acknowledgments
	  	 	3	 
		
	 Section 4. Subrogation
	  	 	4	 
		
	 Section 5. Payments Free and Clear of Taxes, Etc.
	  	 	5	 
		
	 Section 6. Representations and Warranties
	  	 	5	 
		
	 Section 7. Covenants
	  	 	5	 
		
	 Section 8. Amendments, Etc.
	  	 	5	 
		
	 Section 9. Notices, Etc.
	  	 	6	 
		
	 Section 10. No Waiver; Remedies
	  	 	6	 
		
	 Section 11. Right of Set-off
	  	 	6	 
		
	 Section 12. Continuing Guaranty; Assignments under the Credit Agreement
	  	 	6	 
		
	 Section 13. Indemnification
	  	 	7	 
		
	 Section 14. Subordination
	  	 	7	 
		
	 Section 15. Execution in Counterparts
	  	 	8	 
		
	 Section 16. Governing Law; Jurisdiction; Waiver of Jury Trial, Etc.
	  	 	8	 

  

					
	    	  		  	Buccaneer Holdings Guaranty

 HOLDINGS GUARANTY 

HOLDINGS GUARANTY dated as of March 9, 2018 (this “Guaranty”) made by BUCCANEER HOLDINGS, LLC, a Delaware limited
liability company (the “Guarantor”), in favor of the Secured Parties (as defined in the Credit Agreement referred to below). 

PRELIMINARY STATEMENT 
 Syniverse
Holdings, Inc., a Delaware corporation (the “Borrower”), and the Guarantor are parties to that certain Second Lien Credit Agreement dated as of March 9, 2018 (as may be amended, restated, amended and restated, extended,
supplemented or otherwise modified in writing from time to time in accordance with its terms, the “Credit Agreement;” the capitalized terms defined therein and not otherwise defined herein being used herein as therein
defined), among the Borrower, Buccaneer Holdings, LLC, a Delaware limited liability company, the Lenders from time to time party thereto, and Barclays Bank PLC, as the Administrative Agent. The Guarantor may receive, directly or indirectly, a
portion of the proceeds of the Loans under the Credit Agreement and will derive substantial direct and indirect benefits from the transactions contemplated by the Credit Agreement. It is a condition precedent to the making of Loans by the Lenders
that the Guarantor shall have executed and delivered this Guaranty. 
 NOW, THEREFORE, in consideration of the premises and in order to
induce the Lenders to make Loans, the Guarantor hereby agrees as follows: 
 Section 1. Guaranty. (a) The Guarantor hereby
absolutely, unconditionally and irrevocably guarantees the punctual payment when due, whether at scheduled maturity or on any date of a required prepayment or by acceleration, demand or otherwise, of all Obligations of each other Loan Party now or
hereafter existing under or in respect of the Loan Documents (collectively, the “Secured Documents”) (including, without limitation, any extensions, modifications, substitutions, amendments or renewals of any or all of the
foregoing Obligations), whether direct or indirect, absolute or contingent, and whether for principal, interest, premium, fees, indemnities, contract causes of action, costs, expenses or otherwise (such Obligations being the “Guaranteed
Obligations”), and agrees to pay any and all expenses (including, without limitation, fees and expenses of counsel) incurred by the Administrative Agent or any other Secured Party in enforcing any rights under this Guaranty or any other
Secured Document, to the extent reimbursable under Section 10.04 of the Credit Agreement. Without limiting the generality of the foregoing, the Guarantor’s liability shall extend to all amounts that constitute part of the Guaranteed
Obligations and would be owed by any other Loan Party to any Secured Party under or in respect of the Secured Documents but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar
proceeding involving such other Loan Party. 
 (b) The Guarantor, and by its acceptance of this Guaranty, the Administrative Agent and each
other Secured Party, hereby confirms that it is the intention of all such Persons that this Guaranty and the Obligations of the Guarantor hereunder not constitute a fraudulent transfer or conveyance for purposes of any Debtor Relief Law (as
hereinafter defined), the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar 

  

					
	    	  	1	  	Buccaneer Holdings Guaranty

 
foreign, federal or state law to the extent applicable to this Guaranty and the Obligations of the Guarantor hereunder. To effectuate the foregoing intention, the Administrative Agent, the other
Secured Parties and the Guarantor hereby irrevocably agree that the Obligations of the Guarantor under this Guaranty at any time shall be limited to the maximum amount as will result in the Obligations of the Guarantor under this Guaranty not
constituting a fraudulent transfer or conveyance. 
 (c) The Guarantor hereby unconditionally and irrevocably agrees that in the event any
payment shall be required to be made to any Secured Party under this Guaranty or the Subsidiary Guaranty or any other guaranty with respect to the Guaranteed Obligations, the Guarantor will contribute, to the maximum extent permitted by applicable
law, such amounts to each other guarantor so as to maximize the aggregate amount paid to the Secured Parties under or in respect of the Secured Documents. 

Section 2. Guaranty Absolute. To the maximum extent permitted by applicable law, the Guarantor guarantees that the Guaranteed
Obligations will be paid strictly in accordance with the terms of the Secured Documents, regardless of any law, regulation or order now or hereafter in effect in any jurisdiction affecting any of such terms or the rights of any Secured Party with
respect thereto. The Obligations of the Guarantor under or in respect of this Guaranty are independent of the Guaranteed Obligations or any other Obligations of any other Loan Party under or in respect of the Secured Documents, and a separate action
or actions may be brought and prosecuted against the Guarantor to enforce this Guaranty, irrespective of whether any action is brought against the Borrower or any other Loan Party or whether the Borrower or any other Loan Party is joined in any such
action or actions. The liability of the Guarantor under this Guaranty shall be irrevocable, absolute and unconditional irrespective of, and the Guarantor hereby irrevocably waives, to the maximum extent permitted by applicable law, any defenses
(other than a defense of payment in full in cash of the Guaranteed Obligations) it may now have or hereafter acquire in any way relating to, any or all of the following: 

(a) any lack of validity or enforceability of any Secured Document or any agreement or instrument relating thereto; 

(b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Guaranteed Obligations or
any other Obligations of any other Loan Party under or in respect of the Secured Documents, or any other amendment or waiver of or any consent to departure from any Secured Document, including, without limitation, any increase in the Guaranteed
Obligations resulting from the extension of additional credit to any Loan Party or any of its Subsidiaries or otherwise; 

(c) any taking, exchange, release or non-perfection of any Collateral or any other
collateral, or any taking, release or amendment or waiver of, or consent to departure from, any other guaranty, for all or any of the Guaranteed Obligations; 

(d) any manner of application of Collateral or any other collateral, or proceeds thereof, to all or any of the Guaranteed
Obligations, or any manner of sale or other disposition of any Collateral or any other collateral for all or any of the Guaranteed Obligations or any other Obligations of any Loan Party under the Secured Documents or any other assets of any Loan
Party or any of its Subsidiaries; 

  

					
	    	  	2	  	Buccaneer Holdings Guaranty

 (e) any change, restructuring or termination of the corporate structure or
existence of any Loan Party or any of its Subsidiaries; 
 (f) any failure of any Secured Party to disclose to any Loan Party
any information relating to the business, condition (financial or otherwise), operations, performance, properties or prospects of any other Loan Party now or hereafter known to such Secured Party (the Guarantor waiving any duty on the part of the
Secured Parties to disclose such information); 
 (g) the failure of any other Person to execute or deliver any other
guaranty or agreement or the release or reduction of liability of any other guarantor or surety, in each case, with respect to the Guaranteed Obligations; or 

(h) any other circumstance (including, without limitation, any statute of limitations) or any existence of or reliance on any
representation by any Secured Party that might otherwise constitute a defense available to, or a discharge of, any Loan Party or any other guarantor or surety. 

This Guaranty shall continue to be effective or be reinstated, as the case may be, if at any time any payment of any of the Guaranteed Obligations is
rescinded or must otherwise be returned by any Secured Party or any other Person upon the insolvency, bankruptcy or reorganization of the Borrower or any other Loan Party or otherwise, all as though such payment had not been made. 

Section 3. Waivers and Acknowledgments. (a) The Guarantor hereby unconditionally and irrevocably waives, to the maximum extent
permitted by applicable law, promptness, diligence, notice of acceptance, presentment, demand for performance, notice of nonperformance, default, acceleration, protest or dishonor and any other notice with respect to any of the Guaranteed
Obligations and this Guaranty and any requirement that any Secured Party protect, secure, perfect or insure any Lien or any property subject thereto or exhaust any right or take any action against any Loan Party or any other Person or any
Collateral. 
 (b) The Guarantor hereby unconditionally and irrevocably waives, to the maximum extent permitted by applicable law, any right
to revoke this Guaranty and acknowledges that this Guaranty is continuing in nature (in accordance with the terms hereof) and applies to all Guaranteed Obligations, whether existing now or in the future. 

(c) The Guarantor hereby unconditionally and irrevocably waives, to the maximum extent permitted by applicable law, (i) any defense (other
than a defense of payment in full in cash of the Guaranteed Obligations) arising by reason of any claim or defense based upon an election of remedies by any Secured Party that in any manner impairs, reduces, releases or otherwise adversely affects
the subrogation, reimbursement, exoneration, contribution or indemnification rights of the Guarantor or other rights of the Guarantor to proceed against any of the other Loan Parties, any other guarantor or any other Person or any Collateral and
(ii) any defense based on any right of set-off or counterclaim against or in respect of the Obligations of the Guarantor hereunder. 

  

					
	    	  	3	  	Buccaneer Holdings Guaranty

 (d) The Guarantor acknowledges that the Administrative Agent may, in accordance with the Loan
Documents, without notice to or demand upon the Guarantor and without affecting the liability of the Guarantor under this Guaranty, foreclose under any mortgage by nonjudicial sale, and the Guarantor hereby waives, to the maximum extent provided by
applicable law, any defense (other than a defense of payment in full in cash of the Guaranteed Obligations) to the recovery by the Administrative Agent and the other Secured Parties against the Guarantor of any deficiency after such nonjudicial sale
and any defense (other than a defense of payment in full in cash of the Guaranteed Obligations) or benefits that may be afforded by applicable law. 

(e) The Guarantor hereby unconditionally and irrevocably waives any duty on the part of any Secured Party to disclose to the Guarantor any
matter, fact or thing relating to the business, condition (financial or otherwise), operations, performance, properties or prospects of any other Loan Party or any of its Subsidiaries now or hereafter known by such Secured Party. 

(f) The Guarantor acknowledges that it will receive substantial direct and indirect benefits from the financing arrangements contemplated by
the Secured Documents and that the waivers set forth in Section 2 and this Section 3 are knowingly made in contemplation of such benefits. 

Section 4. Subrogation. The Guarantor hereby unconditionally and irrevocably agrees not to exercise any rights that it may now
have or hereafter acquire against the Borrower, any other Loan Party or any other insider guarantor that arise from the existence, payment, performance or enforcement of the Guarantor’s Obligations under or in respect of this Guaranty or any
other Secured Document, including, without limitation, any right of subrogation, reimbursement, exoneration, contribution or indemnification and any right to participate in any claim or remedy of any Secured Party against the Borrower, any other
Loan Party or any other insider guarantor or any Collateral, whether or not such claim, remedy or right arises in equity or under contract, statute or common law, including, without limitation, the right to take or receive from the Borrower, any
other Loan Party or any other insider guarantor, directly or indirectly, in cash or other property or by set-off or in any other manner, payment or security on account of such claim, remedy or right, unless
and until all of the Guaranteed Obligations and all other amounts payable under this Guaranty shall have been paid in full in cash (other than contingent indemnification obligations as to which no claim has been asserted) and the expiration or
termination of the Aggregate Commitments. If any amount shall be paid to the Guarantor in violation of the immediately preceding sentence at any time prior to the later of (a) the payment in full in cash of the Guaranteed Obligations and all
other amounts (other than contingent indemnification obligations as to which no claim has been asserted) payable under this Guaranty and (b) the expiration or termination of the Aggregate Commitments, such amount shall be received and held in
trust for the benefit of the Secured Parties, shall be segregated from other property and funds of the Guarantor and shall forthwith be paid or delivered to the Administrative Agent in the same form as so received (with any necessary endorsement or
assignment) to be credited and applied to the Guaranteed Obligations and all other amounts payable under this Guaranty, whether matured or unmatured, in accordance with the terms of the Secured Documents, or to be held as Collateral for any
Guaranteed Obligations or other amounts payable under this Guaranty thereafter arising. If (i) all of the Guaranteed Obligations and all other amounts (other than contingent indemnification obligations as to which no claim has been 

  

					
	    	  	4	  	Buccaneer Holdings Guaranty

 
asserted) payable under this Guaranty shall have been paid in full in cash and (ii) the Aggregate Commitments have expired or been terminated, the Secured Parties will, at the
Guarantor’s request and expense, execute and deliver to the Guarantor appropriate documents, without recourse and without representation or warranty, necessary to evidence the transfer by subrogation to the Guarantor of an interest in the
Guaranteed Obligations resulting from such payment made by the Guarantor pursuant to this Guaranty. 
 Section 5. Payments Free and Clear
of Taxes, Etc. 
 (a) Any and all payments by the Guarantor under this Guaranty shall be made, to the extent provided in the Credit
Agreement, free and clear of and without deduction for any and all present or future Taxes. 
 Section 6. Representations and
Warranties. The Guarantor hereby represents and warrants to the Administrative Agent and each other Secured Party as follows: 
 (a) The
representations and warranties set forth in Article V of the Credit Agreement as they relate to the Guarantor or to the Loan Documents to which the Guarantor is a party, each of which representations and warranties is hereby incorporated herein by
reference, are true and correct in all material respects, and the Administrative Agent and each other Secured Party shall be entitled to rely on each of such representations and warranties as if fully set forth herein; provided that each
reference in each such representation and warranty to the Borrower’s knowledge shall, for the purposes of this Section 6, be deemed to be a reference to the Guarantor’s knowledge; and 

(b) The Guarantor has, independently and without reliance upon any Secured Party and based on such documents and information as it has deemed
appropriate, made its own credit analysis and decision to enter into this Guaranty and each other Secured Document to which it is or is to be a party, and the Guarantor has established adequate means of obtaining from each other Loan Party on a
continuing basis information pertaining to, and is now and on a continuing basis will be familiar with, the business, condition (financial or otherwise), operations, performance, properties and prospects of such other Loan Party in all material
respects. 
 Section 7. Covenants. The Guarantor covenants and agrees that unless and until all of the Guaranteed Obligations
and all other amounts payable under this Guaranty shall have been paid in full (other than contingent indemnification obligations as to which no claim has been asserted) and the expiration or termination of the Aggregate Commitments, the Guarantor
shall take, or shall refrain from taking, as the case may be, each action that is necessary to be taken or not taken, as the case may be, so that no Default or Event of Default is caused by the failure to take such action or to refrain from taking
such action by the Guarantor or any of its Restricted Subsidiaries. 
 Section 8. Amendments, Etc. Subject to
Section 10.01 of the Credit Agreement, no amendment or waiver of any provision of this Guaranty and no consent to any departure by the Guarantor therefrom shall in any event be effective unless the same shall be in writing
and signed by the Administrative Agent, the Required Lenders and the Guarantor, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. 

  

					
	    	  	5	  	Buccaneer Holdings Guaranty

 Section 9. Notices, Etc. All notices and other communications provided for hereunder
shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopier, and all notices and other communications expressly permitted hereunder to be given by telephone or
electronic mail shall be made to the applicable telephone number or electronic mail address, as the case may be, if to the Guarantor, addressed to it in care of the Borrower at the Borrower’s address specified in
Section 10.02 of the Credit Agreement, if to any Agent or any Lender, at its address specified in Section 10.02 of the Credit Agreement or, in each case, to such other address, telecopier number,
electronic mail address or telephone number as shall be designated by such party in a notice to other parties, as provided in Section 10.02(d) of the Credit Agreement. All such notices and other communications shall be
deemed to be given, made or effective at such time as shall be set forth in Section 10.02 of the Credit Agreement. 

Section 10. No Waiver; Remedies. No failure on the part of any Secured Party to exercise, and no delay in exercising, any right
hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right hereunder preclude any other or further exercise thereof or the exercise of any other right. The remedies herein provided are cumulative and not
exclusive of any remedies provided by law. 
 Section 11. Right of Set-off. Upon
(a) the occurrence and during the continuance of any Event of Default and (b) the making of the request or the granting of the consent specified by Section 8.02 of the Credit Agreement to authorize the
Administrative Agent to declare the Loans due and payable pursuant to the provisions of said Section 8.02, each Agent and each Lender is hereby authorized at any time and from time to time, to the maximum extent permitted
by applicable law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other Indebtedness at any time owing by such Agent or such Lender, other than deposits held in “Exempt
Deposit Accounts” (as such term is defined in the Security Agreement), to or for the credit or the account of the Guarantor against any and all of the Obligations of the Guarantor now or hereafter existing under the Secured Documents,
irrespective of whether such Agent or such Lender shall have made any demand under this Guaranty or any other Secured Document and although such Obligations may be contingent or unmatured or denominated in a currency different from that of the
applicable deposit or Indebtedness. Each Lender agrees promptly to notify the Borrower and the Administrative Agent after any such set-off and application made by such Lender, provided that the failure to give
such notice shall not affect the validity of such set-off and application. The rights of the Administrative Agent and each Lender under this Section 11 are in addition to other rights
and remedies (including, without limitation, other rights of set-off) that the Administrative Agent and such Lender may have. 

Section 12. Continuing Guaranty; Assignments under the Credit Agreement. This Guaranty is a continuing guaranty and shall
(a) remain in full force and effect until the later of (i) the payment in full in cash of the Guaranteed Obligations and all other amounts (other than contingent indemnification obligations as to which no claim has been asserted) payable
under this Guaranty and (ii) the expiration or termination of the Aggregate Commitments, (b) be binding upon the Guarantor, its successors and assigns and (c) inure to the benefit of and be enforceable by the Secured Parties and their
successors, transferees and assigns. Without limiting the generality of clause (c) of the immediately preceding sentence, any Secured Party 

  

					
	    	  	6	  	Buccaneer Holdings Guaranty

 
may assign or otherwise transfer all or any portion of its rights and obligations under the Credit Agreement (including, without limitation, all or any portion of its Commitments, the Loans owing
to it and the Note or Notes held by it) to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party herein or otherwise, in each case as and to the extent provided
in Section 10.07 of the Credit Agreement. The Guarantor shall not have the right to assign its rights hereunder or any interest herein without the prior written consent of the Secured Parties. 

Section 13. Indemnification. Without limitation of any other Obligations of the Guarantor or remedies of the Secured Parties under
this Guaranty, the Guarantor shall indemnify and hold harmless each Indemnitee from and against (and will reimburse each Indemnitee as the same are incurred for) any and all liabilities, obligations, losses, damages, penalties, claims, demands,
actions, judgments, suits, costs (including settlement costs), disbursements, and reasonable and documented or invoiced out-of-pocket fees and expenses (including the
reasonable fees, disbursements and other charges of (i) one counsel to the Indemnitees taken as a whole, (ii) in the case of an actual or perceived conflict of interest, where the Indemnitee affected by such conflict informs the Borrower
of such conflict and thereafter retains its own counsel, of another firm of counsel for each such affected indemnified person, and (iii) if necessary, one local counsel in each relevant jurisdiction (which may include a single special counsel
acting in multiple jurisdictions) and special counsel for each relevant specialty) of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted or awarded against any such Indemnitee in any way relating to or arising
out of or in connection with or by reason of any failure of any Guaranteed Obligations to be the legal, valid, binding obligations of any Loan Party enforceable against such Loan Party in accordance with its terms. 

Section 14. Subordination. 

(a) The Guarantor hereby subordinates any and all debts, liabilities and other Obligations owed to the Guarantor by each other Loan Party (the
“Subordinated Obligations”) to the Guaranteed Obligations to the extent and in the manner hereinafter set forth in this Section 14: 

(a) Prohibited Payments, Etc. Except as otherwise set forth in this Section 14(a), the Guarantor may receive
regularly scheduled payments from any other Loan Party on account of the Subordinated Obligations. After the occurrence and during the continuance of any Event of Default under Sections 8.01(a), (f) or (g) of the Credit
Agreement (including the commencement and continuation of any proceeding under any Debtor Relief Law relating to any other Loan Party) or the acceleration of the Loans pursuant to Section 8.02 of the Credit Agreement,
unless the Administrative Agent otherwise agrees, the Guarantors shall not demand, accept or take any action to collect any payment on account of the Subordinated Obligations until all of the Guaranteed Obligations and all other amounts payable
under this Guaranty shall have been paid in full in cash (other than contingent indemnification obligations as to which no claim has been asserted) or this Guaranty is terminated and of no further force or effect. 

(b) Prior Payment of Guaranteed Obligations. In any proceeding under any Debtor Relief Law relating to any other Loan Party, the
Guarantor agrees that the Secured Parties shall be entitled to receive payment in full in cash of all Guaranteed Obligations (including all interest and expenses accruing after the commencement of a proceeding under any Debtor Relief Law, whether or
not constituting an allowed claim in such proceeding (“Post Petition Interest”)) before the Guarantor receives payment of any Subordinated Obligations. 

  

					
	    	  	7	  	Buccaneer Holdings Guaranty

 (c) Turn-Over. After the occurrence and during the continuance of any Event of Default
under Sections 8.01(a), (f) or (g) of the Credit Agreement (including the commencement and continuation of any proceeding under any Debtor Relief Law relating to any other Loan Party) or the acceleration of the Loans
pursuant to Section 8.02 of the Credit Agreement, the Guarantor shall, if the Administrative Agent so requests, collect, enforce and receive payments on account of the Subordinated Obligations as trustee for the Secured
Parties and deliver such payments to the Administrative Agent on account of the Guaranteed Obligations (including all Post Petition Interest), together with any necessary endorsements or other instruments of transfer, but without reducing or
affecting in any manner the liability of the Guarantor under the other provisions of this Guaranty, until all of the Guaranteed Obligations and all other amounts payable under this Guaranty shall have been paid in full in cash (other than contingent
indemnification obligations as to which no claim has been asserted) or this Guaranty is terminated and of no further force or effect. 
 (d)
Administrative Agent Authorization. After the occurrence and during the continuance of any Event of Default under Sections 8.01(a), (f) or (g) of the Credit Agreement (including the commencement and continuation of
any proceeding under any Debtor Relief Law relating to any other Loan Party) or the acceleration of the Loans pursuant to Section 8.02 of the Credit Agreement, in its discretion, the Administrative Agent is authorized and
empowered (but without any obligation to so do), (i) in the name of the Guarantor, to collect and enforce, and to submit claims in respect of, Subordinated Obligations and to apply any amounts received thereon to the Guaranteed Obligations
(including any and all Post Petition Interest), and (ii) to require the Guarantor (A) to collect and enforce, and to submit claims in respect of, Subordinated Obligations and (B) to pay any amounts received on such obligations to the
Administrative Agent for application to the Guaranteed Obligations (including any and all Post Petition Interest), in each case, until all of the Guaranteed Obligations and all other amounts payable under this Guaranty shall have been paid in full
in cash (other than contingent indemnification obligations as to which no claim has been asserted) or this Guaranty is terminated and of no further force or effect. 

Section 15. Execution in Counterparts. This Guaranty may be executed in one or more counterparts (and by different parties hereto
in different counterparts), each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Delivery by telecopier or other electronic transmission of an executed counterpart of a signature page to
this Guaranty shall be effective as delivery of an original executed counterpart of this Guaranty. The Administrative Agent may also require that any such documents and signatures delivered by telecopier or other electronic transmission be confirmed
by a manually-signed original thereof; provided, that the failure to request or deliver the same shall not limit the effectiveness of any document or signature delivered by telecopier or other electronic transmission. 

Section 16. Governing Law; Jurisdiction; Waiver of Jury Trial, Etc. (a) THIS GUARANTY AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ITS PRINCIPLES OR RULES OF CONFLICT OF LAWS TO THE EXTENT SUCH PRINCIPLES OR RULES ARE NOT MANDATORILY APPLICABLE BY
STATUTE AND WOULD REQUIRE OR PERMIT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. 

  

					
	    	  	8	  	Buccaneer Holdings Guaranty

 (b) THE GUARANTOR, AND BY ITS ACCEPTANCE OF THIS GUARANTY, THE ADMINISTRATIVE AGENT AND EACH
SECURED PARTY, IRREVOCABLY AND UNCONDITIONALLY SUBMITS FOR ITSELF AND ITS PROPERTY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS GUARANTY TO THE EXCLUSIVE GENERAL JURISDICTION OF THE SUPREME COURT OF THE STATE OF NEW YORK FOR THE COUNTY OF NEW
YORK (THE “NEW YORK SUPREME COURT”), AND THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK (THE “FEDERAL DISTRICT COURT,” AND TOGETHER WITH THE NEW YORK SUPREME COURT, THE “NEW YORK
COURTS”) AND APPELLATE COURTS FROM EITHER OF THEM; PROVIDED THAT NOTHING IN THIS GUARANTY SHALL BE DEEMED OR OPERATE TO PRECLUDE (I) THE ADMINISTRATIVE AGENT FROM BRINGING SUIT OR TAKING OTHER LEGAL ACTION IN ANY OTHER
JURISDICTION TO REALIZE ON THE COLLATERAL OR ANY OTHER SECURITY FOR THE OBLIGATIONS (IN WHICH CASE ANY PARTY SHALL BE ENTITLED TO ASSERT ANY CLAIM OR DEFENSE, INCLUDING ANY CLAIM OR DEFENSE THAT THIS SECTION 16 WOULD OTHERWISE REQUIRE TO BE ASSERTED
IN A LEGAL ACTION OR PROCEEDING IN A NEW YORK COURT), OR TO ENFORCE A JUDGMENT OR OTHER COURT ORDER IN FAVOR OF THE ADMINISTRATIVE AGENT, (II) ANY PARTY FROM BRINGING ANY LEGAL ACTION OR PROCEEDING IN ANY JURISDICTION FOR THE RECOGNITION AND
ENFORCEMENT OF ANY JUDGMENT AND (III) IF ALL SUCH NEW YORK COURTS DECLINE JURISDICTION OVER ANY PERSON, OR DECLINE (OR IN THE CASE OF THE FEDERAL DISTRICT COURT, LACK) JURISDICTION OVER ANY SUBJECT MATTER OF SUCH ACTION OR PROCEEDING, A LEGAL
ACTION OR PROCEEDING MAY BE BROUGHT WITH RESPECT THERETO IN ANOTHER COURT HAVING JURISDICTION. 
 (c) THE GUARANTOR, AND BY ITS ACCEPTANCE OF
THIS GUARANTY, THE ADMINISTRATIVE AGENT AND EACH SECURED PARTY, IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR
PROCEEDING ARISING OUT OF OR RELATING TO THIS GUARANTY OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN PARAGRAPH (B) OF THIS SECTION. THE GUARANTOR, AND BY ITS ACCEPTANCE OF THIS GUARANTY, THE ADMINISTRATIVE AGENT AND EACH SECURED PARTY,
HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT. 

  

					
	    	  	9	  	Buccaneer Holdings Guaranty

 (d) THE GUARANTOR, AND BY ITS ACCEPTANCE OF THIS GUARANTY, THE ADMINISTRATIVE AGENT AND EACH
SECURED PARTY, IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 9 OF THIS GUARANTY. NOTHING IN THIS GUARANTY WILL AFFECT THE RIGHT OF THE GUARANTOR, THE ADMINISTRATIVE AGENT OR ANY SECURED PARTY TO SERVE
PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 
 (e) THE GUARANTOR, AND BY ITS ACCEPTANCE OF THIS GUARANTY, THE ADMINISTRATIVE
AGENT AND EACH SECURED PARTY, HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER THIS GUARANTY OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS WITH RESPECT TO THIS
GUARANTY, OR THE TRANSACTIONS RELATED HERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND THE GUARANTOR, AND BY ITS ACCEPTANCE OF THIS GUARANTY, THE ADMINISTRATIVE AGENT AND EACH
SECURED PARTY, HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY SECURED PARTY MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION 16(e) WITH ANY
COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE GUARANTOR, THE ADMINISTRATIVE AGENT AND EACH SECURED PARTY TO THE WAIVER OF ITS RIGHT TO TRIAL BY JURY. 

[Remainder of page left intentionally blank] 

  

					
	    	  	10	  	Buccaneer Holdings Guaranty

 IN WITNESS WHEREOF, the Guarantor has caused this Guaranty to be duly executed and delivered by
its officer thereunto duly authorized as of the date first above written. 
  

			
	BUCCANEER HOLDINGS, LLC
		
	By:	 	 /s/ Robert F. Reich

		 	Name: Robert F. Reich
		 	Title: Executive Vice President and Chief Financial Officer

  

					
	    	  	 [SIGNATURE PAGE]
	  	Buccaneer Holdings Guaranty

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