Document:

Third Amendment to Office Lease

 Exhibit 10.1 
  
 THIRD AMENDMENT TO LEASE 
  
 This THIRD AMENDMENT TO LEASE (the “Third Amendment”) is made as of this 28th day of September, 2005 by and between The Hearn Company, as agent for THC Valley Corporate Center LLC, a Delaware limited liability company
(“Landlord”) and Venture Catalyst, Incorporated, a Utah corporation (“Tenant”). 
  
 RECITALS: 
  
 WHEREAS, AGBRI Mission, L.L.C., a Delaware limited liability company (“AGBRI”) and Tenant entered into an Office Lease dated May 23, 2001 (“Lease”) for the premises known as Suite 418
comprising approximately 1,487 rentable square feet (“Premises”) located at 591 Camino De La Reina, San Diego, CA 92108 (“Building”); and 
  
 WHEREAS, VCC Investors, L.P., a California limited partnership (“VCC”), as successor-in-interest to AGBRI, and Tenant entered into a First
Amendment to Office Lease dated April 4, 2003 (“First Amendment”) which in part expanded the Premises to include Suite 427 comprising approximately 1,663 rentable square feet (“Expansion Premises”); and 
  
 WHEREAS, Landlord, as successor-in-interest to VCC, and Tenant entered into a
Second Amendment to Lease dated December 6, 2004 (“Second Amendment”) which in part extended the Lease for the Premises and Expansion Premises until December 31, 2005; and 
  
 WHEREAS, Landlord owns and operates the Building; and 
  
 WHEREAS, Landlord and Tenant are desirous of amending the Lease in accordance
with the terms hereof. 
  
 NOW THEREFORE, in consideration of the
mutual covenants and agreements contained herein, the parties agree to further amend the Lease as follows: 
  

	 	1.	Commencing on January 1, 2006 (“Effective Date”), the Lease for the Premises and Expansion Premises shall be extended to June 30, 2009 (hereinafter
“Termination Date”). 

  

	 	2.	Commencing on the Effective Date and continuing until the Termination Date, the combined Annual Base Rent and Monthly Base Rent for the Premises and Expansion Premises shall be as
follows: 

  

					
	 Term

	  	Annual Base Rent

	  	Monthly Base Rent

	1/1/06 – 12/31/06	  	$86,940.00	  	$7,245.00
	1/1/07 – 12/31/07	  	$89,548.20	  	$7,462.35
	1/1/08 – 12/31/08	  	$92,234.64	  	$7,686.22
	1/1/09 –   6/30/09	  	N/A	  	$7,916.81

	 	3.	Commencing on the earlier of October 1, 2005 or upon the substantial completion of the Tenant Improvements, as hereinafter defined, as reasonably determined by Landlord
(“Effective Date 2”), Tenant shall lease additional space in the Building commonly known as Suite 420 and comprising space deemed to be 938 rentable square feet (“Expansion Premises 2”). 

  

	 	4.	Tenant shall lease the Expansion Premises 2 until June 30, 2009 (“Termination Date 2”), and the Expansion Premises 2 shall be coterminous with the Premises and
Expansion Premises. 

  

	 	5.	Commencing on the Effective Date and continuing until the Termination Date, the combined Annual Base Rent and Monthly Base Rent for the Expansion Premises 2 shall be as follows:

  

					
	 Term

	  	Annual Base Rent

	  	Monthly Base Rent

	 Effective Date – 10/31/05
	  	N/A	  	$2,157.40 *
	 11/1/05 – 11/30/05
	  	N/A	  	$       0.00   
	 12/1/05 – 9/30/06
	  	N/A	  	$2,157.40   
	 10/1/06 – 9/30/07
	  	$26,665.44	  	$2,222.12   
	 10/1/07 – 9/30/08
	  	$27,465.36	  	$2,288.78   
	 10/1/08 – 6/30/09
	  	N/A	  	$2,357.44   

  

	 	*	Prorated for any partial month 

  

	 	6.	Concurrently with Tenant’s execution of this Second Amendment, Tenant shall deposit with Landlord $2,619.75 so that the Tenant’s combined Security Deposit for the
Premises, Expansion Premises and Expansion Premises 2 shall equal $10,274.25. 

  

	 	7.	Landlord at a cost not to exceed $12.00 per rentable square foot, and a total cost of $49,056.00 (“Allowance”), shall perform certain improvements to the Premises,
Expansion Premises and Expansion Premises 2 (collectively “Tenant Improvements”) The Allowance shall include all costs to perform the Tenant Improvements including space planning, construction drawings, engineering costs, permits and
construction. Tenant shall be responsible for all such costs in excess of the Allowance and shall remit such amount, if any, to Landlord within fifteen (15) days of Landlord’s invoice. Tenant must schedule the Tenant Improvements to
commence within ninety (90) days of this Third Amendment’s execution. In the event Tenant fails to schedule the Tenant Improvements to commence within the requisite time period, or otherwise fails to provide Landlord unimpeded access to
perform and complete the Tenant Improvements, Landlord shall be under no obligation to perform or complete such Tenant Improvements. 

  

	 	8.	Tenant represents and warrants to Landlord that neither Tenant nor its officers or agents nor anyone acting on Tenant’s behalf has dealt with any real estate broker in
connection herewith. Tenant agrees to indemnify, defend, and hold harmless Landlord and agent for Landlord from the claim or claims of a broker or brokers claiming to have interested Tenant into this Third Amendment. 

	 	9.	Any capitalized term not otherwise defined herein shall have the meaning ascribed to it in the Lease. 

  

	 	10.	In all other respects, except as otherwise stated in this Third Amendment, the Lease shall remain in full force and effect. 

  
 IN WITNESS WHEREOF, this instrument has been duly executed by the parties hereto, as of the
day and year first written above. 
  

									
	 LANDLORD
 THE HEARN COMPANY,
AS AGENT
 FOR THE THC VALLEY CORPORATE
 CENTER
LLC
	 	 	 	 TENANT
 VENTURE
CATALYST,
 INCORPORATED

					
	By:	 	/s/ Barbara J. Anderlik	 	 	 	By:	 	/s/ Kevin McIntosh
	 	 	Barbara J. Anderlik	 	 	 	 	 	Kevin McIntosh
					
	Its:	 	Vice President	 	 	 	Its:	 	Senior VP and CFO
					
	Date:	 	10/17/05	 	 	 	Date:	 	9/28/05Form of Rule 144A 7 3/4% Global Note

  
 Exhibit 4.8 

  
 CUSIP/CINS 87163K AA 3 
  
 7  3/4% Senior Subordinated Notes due 2013 
  

			
	 No. 1
	 	$174,000,000.00

  
 SYNIVERSE TECHNOLOGIES,
INC. 
  
 promises to pay to CEDE &
CO. 
  
 or registered assigns, 
  
 the principal sum of ONE HUNDRED SEVENTY FOUR MILLION AND
ZERO DOLLARS on August 15, 2013. 
  
 Interest Payment Dates: February 15 and August 15 
  
 Record Dates: February 1 and August 1 
  
 Dated: August 24, 2005 
  

			
	 SYNIVERSE TECHNOLOGIES, INC.

		
	By:	 	/s/ Raymond L. Lawless
	 	 	 Name: Raymond L. Lawless
 Title: Chief
Financial Officer

  
 This is one of the Notes
referred to 
 in the within-mentioned Indenture: 
  

			
	THE BANK OF NEW YORK TRUST COMPANY, N.A. as Trustee
		
	By:	 	/s/ Judy Bartolini
	 	 	Authorized Signatory

  

 7  3/4% Senior Subordinated Notes due 2013 
  
 THIS GLOBAL NOTE IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY
CIRCUMSTANCES EXCEPT THAT (1) THE TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 2.06 OF THE INDENTURE, (2) THIS GLOBAL NOTE MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.06(a) OF THE
INDENTURE, (3) THIS GLOBAL NOTE MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION 2.11 OF THE INDENTURE AND (IV) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE COMPANY.

  
 UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE
FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A
SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) (“DTC”), TO THE COMPANY OR ITS AGENT
FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN. 
  
 THE NOTES EVIDENCED HEREBY HAVE NOT BEEN REGISTERED UNDER
THE UNITED STATES SECURITIES ACT OF 1933 (THE “SECURITIES ACT”) AND MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT (A)(1) TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (2) IN AN OFFSHORE TRANSACTION COMPLYING WITH RULE 903 OR
RULE 904 OF REGULATION S UNDER THE SECURITIES ACT, (3) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER (IF AVAILABLE), (4) TO AN INSTITUTIONAL ACCREDITED INVESTOR IN A TRANSACTION EXEMPT
FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT OR (5) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND (B) IN ACCORDANCE WITH ALL APPLICABLE BLUE SKY LAWS OF THE STATES OF THE UNITED STATES.

  
 Capitalized terms used herein have the meanings assigned to
them in the Indenture referred to below unless otherwise indicated. 
  
 (1) INTEREST. Syniverse Technologies, Inc., a Delaware corporation (the “Company”), promises to pay interest on the principal amount of this Note at 7  3/4% per annum from August 

 
24, 2005 until maturity and shall pay the Liquidated Damages, if any, payable pursuant to the Registration Rights Agreement referred to below. The Company
will pay interest and Liquidated Damages, if any, semi-annually in arrears on February 15 and August 15 of each year, or if any such day is not a Business Day, on the next succeeding Business Day (each, an “Interest Payment
Date”). Interest on the Notes will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from the date of issuance; provided that if there is no existing Default in the payment of
interest, and if this Note is authenticated between a record date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such next succeeding Interest Payment Date; provided, further, that the
first Interest Payment Date shall be February 15, 2006. The Company will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal and premium, if any, from time to time on demand at a rate
that is 1% per annum in excess of the rate then in effect; it will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest and Liquidated Damages, if any, (without regard to
any applicable grace periods) from time to time on demand at the same rate to the extent lawful. Interest will be computed on the basis of a 360-day year of twelve 30-day months. 
  
 (2) METHOD OF PAYMENT. The Company will
pay interest on the Notes (except defaulted interest) and Liquidated Damages, if any, to the Persons who are registered Holders of Notes at the close of business on the February 1 or August 1 next preceding the Interest Payment Date, even
if such Notes are canceled after such record date and on or before such Interest Payment Date, except as provided in Section 2.12 of the Indenture with respect to defaulted interest. The Notes will be payable as to principal, premium, interest
and Liquidated Damages, if any, at the office or agency of the Company maintained for such purpose within the City and State of New York, or, at the option of the Company, payment of interest and Liquidated Damages, if any, may be made by check
mailed to the Holders at their addresses set forth in the register of Holders; provided that payment by wire transfer of immediately available funds will be required with respect to principal of and interest, premium and Liquidated Damages,
if any, on, all Global Notes and all other Notes the Holders of which will have provided wire transfer instructions to the Company or the Paying Agent. Such payment will be in such coin or currency of the United States of America as at the time of
payment is legal tender for payment of public and private debts. 
  
 (3) PAYING AGENT AND REGISTRAR. Initially, The Bank of New York Trust Company, N.A., the Trustee under the Indenture, will act as
Paying Agent and Registrar. The Company may change any Paying Agent or Registrar without notice to any Holder. The Company or any of its Subsidiaries may act in any such capacity. 
  
 (4) INDENTURE. The Company issued the Notes under an Indenture dated as
of August 24, 2005 (the “Indenture”) among the Company, the Guarantors and the Trustee. The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act
of 1939, as amended (15 U.S. Code §§ 77aaa-77bbbb). The Notes are subject to all such terms, and Holders are referred to the Indenture and such Act for a statement of such terms. To the extent any provision of this Note conflicts with
the express provisions of the Indenture, the provisions of the Indenture shall govern and be controlling. The Notes are unsecured obligations of the Company. The Indenture does not limit the aggregate principal amount of Notes that may be issued
thereunder. 

 (5) Optional Redemption. 
  
 (a) Except as set forth in subparagraphs (a) and
(b) of this Paragraph 5, the Company will not have the option to redeem the Notes prior to August 15, 2009. Thereafter, the Company will have the option to redeem the Notes, in whole or in part, upon not less than 30 nor more than 60
days’ notice, at the redemption prices (expressed as percentages of principal amount) set forth below plus accrued and unpaid interest and Liquidated Damages, if any, thereon to the applicable redemption date, if redeemed during the
twelve-month period beginning on August 15 of the years indicated below, subject to the rights of Holders on the relevant record date to receive interest on the relevant interest payment date: 
  

				
	 Year

	  	Percentage

	 
	 2009
	  	103.875	%
	 2010
	  	101.938	%
	 2011 and thereafter
	  	100.000	%

  
 Unless
the Company defaults in the payment of the redemption price, interest will cease to accrue on the Notes or portions thereof called for redemption on the applicable redemption date 
  
 (b) The Notes may be redeemed, in whole or in part, at any time prior to August 15, 2009, at the option
of the Company upon not less than 30 nor more than 60 days’ notice, at a redemption price equal to 100% of the principal amount of the Notes redeemed plus the Applicable Premium as of, and accrued and unpaid interest and Liquidated Damages, if
any, to, the applicable redemption date, subject to the rights of Holders on the relevant record date to receive interest on the relevant interest payment date. 
  

(c) Notwithstanding the provisions of subparagraphs (a) and (b) of this Paragraph 5, at any time prior to August 15,
2008, the Company may redeem Notes with the net cash proceeds of one or more Equity Offerings by the Company or a contribution to the Company’s common equity capital made with the net cash proceeds of a concurrent Equity Offering by the Parent
(but excluding any Reserved Contribution); provided that at least 65% in aggregate principal amount of the Notes issued under the Indenture remains outstanding immediately after the occurrence of such redemption and that such redemption
occurs within 90 days of the date of the closing of such Equity Offering. 
  
 (6) Mandatory Redemption. 
  
 The Company will not be required to make mandatory redemption payments with respect to the Notes. 
  
 (7) Repurchase at Option of Holder. 
  
 (a) If there is a Change of Control, the Company will be required to make an offer (a “Change of Control Offer”) to
repurchase all or any part (equal to $1,000 or an integral multiple thereof) of each Holder’s Notes at a purchase price equal to 101% of the aggregate principal amount thereof plus accrued and unpaid interest and Liquidated Damages thereon, if
any, to the date of purchase (the “Change of Control Payment”). Within 30 days following any Change of Control, the Company will mail a notice to each Holder setting forth the procedures governing the Change of Control Offer as
required by the Indenture. 
  
 (b) If the Company
or a Subsidiary consummates any Asset Sales, within 30 days of each date on which the aggregate amount of Excess Proceeds exceeds $20.0 million, the Company will commence an offer to all Holders of Notes and all holders of other Indebtedness that is
pari passu with the Notes containing provisions similar to those set forth in the Indenture 

 
with respect to offers to purchase or redeem with the proceeds of sales of assets (an “Asset Sale Offer”) pursuant to Section 3.09 of
the Indenture to purchase the maximum principal amount of Notes (including any Additional Notes) and other pari passu Indebtedness that may be purchased out of the Excess Proceeds at an offer price in cash in an amount equal to 100% of the
principal amount thereof plus accrued and unpaid interest and Liquidated Damages thereon, if any, to the date fixed for the closing of such offer, in accordance with the procedures set forth in the Indenture. To the extent that the aggregate amount
of Notes (including any Additional Notes) and other pari passu Indebtedness tendered pursuant to an Asset Sale Offer is less than the Excess Proceeds, the Company (or such Subsidiary) may use such deficiency for any purpose not otherwise
prohibited by the Indenture. If the aggregate principal amount of Notes and other pari passu Indebtedness surrendered by holders thereof exceeds the amount of Excess Proceeds, the Trustee shall select the Notes and other pari passu
Indebtedness to be purchased on a pro rata basis. Holders of Notes that are the subject of an offer to purchase will receive an Asset Sale Offer from the Company prior to any related purchase date and may elect to have such Notes purchased by
completing the form entitled “Option of Holder to Elect Purchase” on the reverse of the Notes. 
  
 (8) NOTICE OF REDEMPTION. Notice of redemption will be mailed at least
30 days but not more than 60 days before the redemption date to each Holder whose Notes are to be redeemed at its registered address. Notes in denominations larger than $1,000 may be redeemed in part but only in whole multiples of $1,000, unless all
of the Notes held by a Holder are to be redeemed. On and after the redemption date interest ceases to accrue on Notes or portions thereof called for redemption. 
  

(9) DENOMINATIONS, TRANSFER, EXCHANGE. The Notes are in registered
form without coupons in denominations of $1,000 and integral multiples of $1,000. The transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture. The Registrar and the Trustee may require a Holder, among other
things, to furnish appropriate endorsements and transfer documents and the Company may require a Holder to pay any taxes and fees required by law or permitted by the Indenture. The Company need not exchange or register the transfer of any Note or
portion of a Note selected for redemption, except for the unredeemed portion of any Note being redeemed in part. Also, the Company need not exchange or register the transfer of any Notes for a period of 15 days before a selection of Notes to be
redeemed or during the period between a record date and the corresponding Interest Payment Date. 
  
 (10) PERSONS DEEMED OWNERS. The registered Holder of a Note may be
treated as its owner for all purposes. 
  
 (11)
AMENDMENT, SUPPLEMENT AND WAIVER. Subject to certain exceptions, the Indenture, the Note Guarantees or the Notes may be amended or supplemented with the consent of the
Holders of at least a majority in principal amount of the then outstanding Notes and Additional Notes, if any, voting as a single class, and any existing default or compliance with any provision of the Indenture, the Note Guarantees or the Notes may
be waived with the consent of the Holders of a majority in principal amount of the then outstanding Notes and Additional Notes, if any, voting as a single class. Without the consent of any Holder of a Note, the Indenture, the Note Guarantees or the
Notes may be amended or supplemented to cure any ambiguity, defect or inconsistency, to provide for uncertificated Notes in addition to or in place of certificated Notes, to provide for the assumption of the Company’s or any Guarantor’s
obligations to Holders of the Notes in case of a merger or consolidation, to make any change that would provide any additional rights or benefits to the Holders of the Notes or that does not adversely affect the legal rights under the Indenture of
any such Holder, to comply with the requirements of the SEC in order to 

 
effect or maintain the qualification of the Indenture under the Trust Indenture Act, to provide for the Issuance of Additional Notes in accordance with the
limitations set forth in the Indenture, or to allow any Guarantor to execute a supplemental indenture to the Indenture and/or a Note Guarantee with respect to the Notes. 
  
 (12) DEFAULTS AND REMEDIES. Events of
Default include if: (i) the Company defaults for 30 days in the payment when due of interest on, or Liquidated Damages with respect to, the Notes whether or not prohibited by the subordination provisions of the Indenture; (ii) the Company
defaults in the payment when due (at maturity, upon redemption or otherwise) of the principal of, or premium, if any, on the Notes, whether or not prohibited by the subordination provisions of the Indenture; (iii) the Company or any of its
Restricted Subsidiaries fails to comply with the provisions of Section 4.10 or 4.15 of the Indenture; (iv) the Company or any of its Restricted Subsidiaries fails to observe or perform any other covenant, representation, warranty or other
agreement in the Indenture for 60 days after notice to the Company by the Trustee or the Holders of at least 25% in aggregate principal amount of the Notes then outstanding voting as a single class; (v) a default occurs under any mortgage,
indenture or instrument under which there may be issued or by which there may be secured or evidenced any Indebtedness for money borrowed by the Company or any of its Restricted Subsidiaries (or the payment of which is guaranteed by the Company or
any of its Restricted Subsidiaries), whether such Indebtedness or guarantee now exists, or is created after the date of the Indenture, if that default: (A) is caused by a failure to pay principal of, or interest or premium, if any, on such
Indebtedness at the Stated Maturity thereof (a “Payment Default”); or (B) results in the acceleration of such Indebtedness prior to its express maturity, and, in each case, the principal amount of any such Indebtedness,
together with the principal amount of any other such Indebtedness under which there has been a Payment Default or the maturity of which has been so accelerated, aggregates $20.0 million or more; (vi) a final judgment or final judgments for the
payment of money are entered by a court or courts of competent jurisdiction against the Company or any of its Restricted Subsidiaries, which judgment or judgments are not paid, discharged or stayed for a period of 60 days after such judgment becomes
final and non-appealable; provided that the aggregate of all such undischarged judgments exceeds $20.0 million; (vii) the Company or any of its Significant Subsidiaries or any group of Restricted Subsidiaries that, taken as a whole,
would constitute a Significant Subsidiary pursuant to or within the meaning of Bankruptcy Law: (A) commences a voluntary case; (B) consents to the entry of an order for relief against it in an involuntary case; (C) consents to the
appointment of a custodian of it or for all or substantially all of its property; (D) makes a general assignment for the benefit of its creditors; or (E) generally is not paying its debts as they become due; (viii) a court of
competent jurisdiction enters an order or decree under any Bankruptcy Law that: (A) is for relief against the Company or any of its Significant Subsidiaries or any group of Restricted Subsidiaries that, taken as a whole, would constitute a
Significant Subsidiary in an involuntary case; (B) appoints a custodian of the Company or any of its Significant Subsidiaries or any group of Restricted Subsidiaries that, taken as a whole, would constitute a Significant Subsidiary or for all
or substantially all of the property of the Company or any of its Significant Subsidiaries or any group of Restricted Subsidiaries that, taken as a whole, would constitute a Significant Subsidiary; or (C) orders the liquidation of the Company
or any of its Significant Subsidiaries or any group of Restricted Subsidiaries that, taken as a whole, would constitute a Significant Subsidiary; and the order or decree remains unstayed and in effect for 60 consecutive days; and (ix) except as
permitted by the Indenture, any Note Guarantee (other than a Note Guarantee issued by a Subsidiary that is not a Significant Subsidiary) is held in any judicial proceeding to be unenforceable or invalid or shall cease for any reason to be in full
force and effect or any Guarantor, or any Person acting on behalf of any Guarantor, shall deny or disaffirm its obligations under its Note Guarantee (other than a Guarantee issued by a Subsidiary that is not a Significant Subsidiary). 

 (13) If any Event of Default occurs and is continuing, the Trustee or the Holders of at
least 25% in principal amount of the then outstanding Notes may declare all the Notes to be due and payable. Notwithstanding the foregoing, in the case of an Event of Default arising from certain events of bankruptcy or insolvency, all outstanding
Notes will become due and payable without further action or notice. Holders may not enforce the Indenture or the Notes except as provided in the Indenture. Subject to certain limitations, Holders of a majority in principal amount of the then
outstanding Notes may direct the Trustee in its exercise of any trust or power. The Trustee may withhold from Holders of the Notes notice of any continuing Default or Event of Default (except a Default or Event of Default relating to the payment of
principal or interest) if it determines that withholding notice is in their interest. The Holders of a majority in aggregate principal amount of the Notes then outstanding by notice to the Trustee may on behalf of the Holders of all of the Notes
waive any existing Default or Event of Default and its consequences under the Indenture except a continuing Default or Event of Default in the payment of interest on, or the principal of, the Notes. The Company is required to deliver to the Trustee
annually a statement regarding compliance with the Indenture, and the Company is required upon becoming aware of any Default or Event of Default, to deliver to the Trustee a statement specifying such Default or Event of Default. 
  
 (14) SUBORDINATION. Payment of
principal, interest and premium and Liquidated Damages, if any, on the Notes is subordinated to the prior payment of Senior Debt on the terms provided in the Indenture. 
  
 (15) TRUSTEE DEALINGS WITH
COMPANY. The Trustee, in its individual or any other capacity, may make loans to, accept deposits from, and perform services for the Company or its Affiliates, and may otherwise deal with the Company or its
Affiliates, as if it were not the Trustee. 
  
 (16) NO RECOURSE AGAINST OTHERS. A director, officer, employee, incorporator or stockholder, of the Company or any of the Guarantors, as such, will not have
any liability for any obligations of the Company or such Guarantor under the Notes, the Note Guarantees or the Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting a Note
waives and releases all such liability. The waiver and release are part of the consideration for the issuance of the Notes. 
  
 (17) AUTHENTICATION. This Note will not be valid until authenticated by the manual signature of the
Trustee or an authenticating agent. 
  
 (18)
ABBREVIATIONS. Customary abbreviations may be used in the name of a Holder or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of
survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 
  
 (19) ADDITIONAL RIGHTS OF HOLDERS OF
RESTRICTED GLOBAL NOTES AND RESTRICTED DEFINITIVE NOTES. In addition to the rights provided to Holders of Notes under the
Indenture, Holders of Restricted Global Notes and Restricted Definitive Notes will have all the rights set forth in the Registration Rights Agreement dated as of August 24, 2005, among the Company, the Guarantors and the other parties named on
the signature pages thereof or, in the case of Additional Notes, Holders of Restricted Global Notes and Restricted Definitive Notes will have the rights set forth in one or more registration rights agreements, if any, among the Company, the
Guarantors and the other parties thereto, relating to rights given by the Company and the 

 
Guarantors to the purchasers of any Additional Notes (collectively, the “Registration Rights Agreement”). 
  
 (20) CUSIP NUMBERS.
Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Company has caused CUSIP numbers to be printed on the Notes and the Trustee may use CUSIP numbers in notices of redemption as a convenience
to Holders. No representation is made as to the accuracy of such numbers either as printed on the Notes or as contained in any notice of redemption and reliance may be placed only on the other identification numbers placed thereon. 
  
 The Company will furnish to any Holder upon written request and without
charge a copy of the Indenture and/or the Registration Rights Agreement. Requests may be made to: 
  
 Syniverse Technologies, Inc. 
 One Tampa City Center, Suite 700 
 Tampa, Florida 33602 
 Attention: Robert Garcia, Jr. 

 ASSIGNMENT FORM 

	
	
	 To assign this Note, fill in the form below:

	
	(I) or (we) assign and transfer this Note
to:                                       
                                        
                                        
                                        
                
	 (Insert assignee’s legal
name)                                       
                                        
                     

	
	                                       
                                        
                                        
                                        
                                        
                                        
                   

	(Insert assignee’s soc. sec. or tax I.D.
no.)                                       
 
	
	                                       
                                        
                                        
                                        
                                        
                                        
                   

	
	                                       
                                        
                                        
                                        
                                        
                                        
                   

	
	                                       
                                        
                                        
                                        
                                        
                                        
                   

	
	                                       
                                        
                                        
                                        
                                        
                                        
                   

	(Print or type assignee’s name, address and zip
code)                                       
 
	
	 and irrevocably appoint                                 
                                        
                                        
                                        
                                        
                   

	to transfer this Note on the books of the Company. The agent may substitute another to act for him.

  

									
	Date:                                     
                                        
                        	 	 	 	 
					
	 	 	 	 	 	 	Your Signature:	 	 
	 	 	 	 	 	 	 	 	 (Sign exactly as your name appears
 on the face of this Note)

	 	 	 	 	 
				
	Signature
Guarantee*:                                      
                                       	 	 	 	 	 	 
	
	* Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee).

 OPTION OF HOLDER TO ELECT
PURCHASE 
  
 If you want to elect to have this Note
purchased by the Company pursuant to Section 4.10 or 4.15 of the Indenture, check the appropriate box below: 
  
  ̈ Section
4.10                     ̈ Section 4.15

  
 If you want to elect to have only part of the Note purchased
by the Company pursuant to Section 4.10 or Section 4.15 of the Indenture, state the amount you elect to have purchased: 
  
 $_______________ 
  

									
	Date:                                     
                                        
                        	 	 	 	 
					
	 	 	 	 	 	 	Your Signature:	 	 
	 	 	 	 	 	 	 	 	 (Sign exactly as your name appears
 on the face of this Note)

	 	 	 	 	 
			
	 	 	 	 	Tax Identification
No.:                                       
                                        
   
			
	Signature
Guarantee*:                                      
                                       	 	 	 	 
	
	* Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee).

  
  

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE 
  
 The following exchanges of a part of this Global Note for an interest in
another Global Note or for a Definitive Note, or exchanges of a part of another Global Note or Definitive Note for an interest in this Global Note, have been made: 
  

									
	     Date of Exchange    

	  	 Amount of
decrease in
Principal Amount
of
 this Global Note

	  	 Amount of
increase in
 Principal Amount
 of
 this Global Note

	  	 Principal Amount
 of this Global Note
following such
decrease
 (or increase)

	  	Signature of
authorized officer
of Trustee or
Custodian

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00093-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00093-of-00352.parquet"}]]