Document:

Waiver and Seventeenth Amendment to Credit Agreement

 Exhibit 10.9 
 WAIVER AND 
 SEVENTEENTH AMENDMENT TO CREDIT AGREEMENT 

THIS WAIVER AND SEVENTEENTH AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is entered into as of March 22, 2012, by and
among Dialogic Corporation, a British Columbia corporation (“Borrower”), Dialogic Inc., a Delaware corporation formerly known as Veraz Networks, Inc. (“Parent”), Wells Fargo Foothill Canada ULC, an unlimited
corporation existing under the laws of Alberta, as administrative agent for the Lenders (“Administrative Agent”), and the financial institutions named as lenders on the signature pages hereto (the “Lenders”).

 WHEREAS, Borrower, Administrative Agent and the Lenders are parties to that certain Credit Agreement dated as of
March 5, 2008 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”); 
 WHEREAS, Events of Default have occurred and are continuing under the Loan Agreement, as more particularly described on Exhibit A hereto (the “Existing Events of Default”); 

WHEREAS, Borrower and Parent have requested that Administrative Agent and Required Lenders waive the Existing Events of Default and
subject to the terms and conditions specified herein, Administrative Agent and Required Lenders have agreed to waive the Existing Events of Default; and 
 WHEREAS, Borrower, Parent, Administrative Agent and Required Lenders have agreed to amend the Credit Agreement as set forth herein; 

NOW, THEREFORE, in consideration of the premises and mutual agreements herein contained, the parties hereto agree as follows: 

1. Defined Terms. Unless otherwise defined herein, capitalized terms used herein shall have the meanings ascribed to such terms in
the Credit Agreement. 
 2. Waiver. 
 (a) Subject to the satisfaction of the conditions set forth in Section 4 below and in reliance on the representations and warranties set forth in Section 5 below, Administrative
Agent and Required Lenders hereby waive the Existing Events of Default. The foregoing waiver shall not constitute (a) a modification or alteration of the terms, conditions or covenants of the Credit Agreement or any other Loan Document,
(b) a waiver of, or consent to, any other breach of, or any other Event of Default under, the Credit Agreement or any other Loan Document, or (c) a waiver, release or limitation upon the exercise by Administrative Agent or any Lender of
any of its rights, legal or equitable, under the Credit Agreement, the other Loan Documents and applicable law, all of which are hereby reserved. 

  

 3. Amendments. Subject to the satisfaction of the conditions set forth in
Section 4 below and in reliance on the representations and warranties set forth in Section 5 below, the Credit Agreement is hereby amended as follows: 
 (a) The first sentence of Section 3.3 of the Credit Agreement is hereby amended and restated as follows: 
 This Agreement shall continue in full force and effect for a term ending on the earlier of (i) March 31, 2015, or (ii) the maturity date of the Term Loan Indebtedness (by acceleration or
otherwise) under the Term Loan Credit Agreement (the “Maturity Date”). 
 (b) Section 5.25 is
hereby amended and restated in its entirety as follows: 
 5.25 [Intentionally Omitted] 

(c) Section 6.1(f) is hereby amended and restated in its entirety as follows: 

(f) Term Loan Indebtedness and any refinancing thereof, in each case to the extent permitted by the Intercreditor
Agreement (it being understood that the principal amount of the Term Loan Indebtedness on the Seventeenth Amendment Effective Date is $92,833,006.75), 
 (d) Section 6.4(b) is hereby amended and restated in its entirety as follows: 
 (b) other assets having an aggregate book value in excess of $1,000,000 during any calendar year. 
 (e) Section 6.12(a) of the Credit Agreement is hereby amended and restated in its entirety as follows: 
 (a) Except for Permitted Investments, directly or indirectly, make or acquire any Investment or incur any liabilities (including contingent obligations) for or in connection with any Investment;
provided, however, that (i) Borrower and Guarantors shall not have Permitted Investments (other than in the Cash Management Accounts) in Deposit Accounts or Securities Accounts in an aggregate amount in excess of $250,000 at any
one time unless Borrower or such Guarantor, as applicable, and the applicable securities intermediary or bank have entered into Control Agreements governing such Permitted Investments in order to perfect (and further establish) the Agent’s
Liens in such Permitted Investments and (ii) the Non-Guarantor Subsidiaries of Parent shall not have Permitted Investments other than in Deposit Accounts or Securities Accounts having an aggregate balance equal to or less than $200,000
(or, in the case of Deposit Accounts with respect to Subsidiaries formed in (a) France, balances equal to or less than $1,500,000, (b) India, balances equal to or less than $1,500,000 and (c) Russia, balances equal to or less than
$2,500,000, in each case in the aggregate for all Subsidiaries formed in each such country). Subject to the foregoing proviso, Parent shall not and shall not permit any Guarantor to establish or maintain any Deposit Account or Securities
Account unless Agent shall have received a Control Agreement in respect of such Deposit Account or Securities Account. Upon receipt by Agent of any such Control Agreement, Schedule 4.17 shall be deemed to be automatically updated to refer to
the applicable Deposit Account or Securities Account covered by such Control Agreement 

  
 -2-

 (f) Section 6.12(b)(vii) of the Credit Agreement is hereby amended and restated in its
entirety as follows: 
 (vii) Parent may make Investments in any of its Subsidiaries that are not Guarantors so long as
(A) such Investments are in the form of an intercompany loan and used solely (1) to fund ordinary course business expenses of Subsidiaries that are not Guarantors, and (2) to fund Capital Expenditures of such Subsidiaries, and
(B) such Subsidiaries are party to the Intercompany Subordination Agreement; and 
 (g) Section 6.12(b) of the Credit
Agreement is hereby amended by adding a new clause (viii) at the end thereof as follows: 
 (viii) Parent, Borrower and any
Guarantor may make Investments in any of their Subsidiaries that are not Guarantors so long as (A) such Investments either (1) are used solely to capitalize newly formed Subsidiaries that are not required to become Guarantors in an amount
not to exceed $1,500,000 for any one Subsidiary and $4,000,000 in the aggregate for all such Subsidiaries, or (2) otherwise, do not to exceed $3,000,000 in the aggregate during the term of the Agreement, and (B) if such Investments are in
the form of intercompany loans, such Subsidiaries are party to the Intercompany Subordination Agreement; provided that with respect to Investments made pursuant to this clause (viii), such Investments shall only be permitted if at the time
any such Investment is made (i) no Default or Event of Default has occurred or is continuing, (ii) Borrower shall have Availability plus any unencumbered cash held by Borrower or any Guarantor (in the United States or any foreign
jurisdiction) of at least $2,500,000, both before and after giving effect to such Investments, and (iii) Borrower shall be in compliance with the financial covenants in Section 6.16 on a pro forma basis both before and after giving
effect to such Investments. 
 (h) Section 6.16(a) of the Credit Agreement is hereby amended and restated in its entirety
as follows: 
 (a) Minimum EBITDA. Fail to achieve EBITDA, measured on a quarter-end basis, of at least the required amount set
forth in the following table for the applicable period set forth opposite thereto: 
  

			
	Applicable Amount	  	Applicable Period
		
	 $1,000,000
	  	 For the 3-month period ending on
 June 30, 2012

		
	 $4,000,000
	  	For the 6-month period ending on September 30, 2012
		
	 $7,500,000
	  	For the 9-month period ending on December 31, 2012

  
 -3-

			
		
	 $15,000,000
	  	For the 12-month period ending on March 31, 2013
		
	 $16,900,000
	  	 For the 12-month period ending on
 June 30, 2013

		
	 $17,100,000
	  	For the 12-month period ending on September 30, 2013
		
	 $17,100,000
	  	For the 12-month period ending on December 31, 2013
		
	 $18,100,000
	  	 For the 12-month period ending on
 March 31, 2014

		
	 $19,400,000
	  	 For the 12-month period ending on
 June 30, 2014

		
	 $20,900,000
	  	For the 12-month period ending on September 30, 2014
		
	 $22,600,000
	  	For the 12-month period ending on December 31, 2014
		
	 $24,700,000
	  	 For the 12-month period ending on
 March 31, 2015 and the last date of each 12-month period thereafter.

 ; provided that EBITDA shall only be tested for the periods ending on June 30,
2012, September 30, 2012 and December 31, 2012 as described above if the average amount of Availability plus any unencumbered cash held by Borrower or any Guarantor (in the United States or any foreign jurisdiction) for the 30-day
period immediately preceding the applicable testing date is less than $2,500,000. 
 Concurrently with the closing of each
Permitted Acquisition (it being understood that none of the transactions contemplated by the Acquisition Agreement is a Permitted Acquisition), each EBITDA level set forth above shall be increased by 80% of pro forma adjustment to EBITDA as set
forth in the definition thereof for any applicable Reference Period. 
 (i) Schedule 1.1 to the Credit Agreement is hereby
amended by adding the following defined terms in the appropriate alphabetical order therein as follows: 
 “Dialogic
Brazil” means Dialogic do Brasil Comercio de Equipamentos Para Telecomunicacao Ltda., formerly known as Veraz Networks Do Brasil Comercio De Equipamentos Para Telecomunicacao Ltda. 

“Dialogic Israel” means Dialogic Networks (Israel) Ltd. 

“Seventeenth Amendment Effective Date” means March 22, 2012. 

(j) Schedule 1.1 to the Credit Agreement is hereby amended by amending and restating clause (a)(i)(A) of the defined term “Eligible
Accounts” in its entirety as follows: 
 (A) that the Account Debtor has failed to pay within 120 days of original invoice
date or within 90 days of the original due date, or 

  
 -4-

 (k) Schedule 1.1 to the Credit Agreement is hereby amended by amending and restating clause
(c) of the defined term “Borrowing Base” in its entirety as follows: 
 (c) the sum of (i) the Bank Product
Reserve, (ii) the Rent Reserve, (iii) the Irish Reserve, and (iv) the aggregate amount of reserves, if any, established by Agent under Section 2.1(b). 

(l) Schedule 1.1 to the Credit Agreement is hereby amended by adding new subclauses (x), (xi) and (xii) to clause (b) of
the defined term “EBITDA” as follows: 
 (x) in connection with the Restructuring (as defined in the Term Loan Credit
Agreement), transaction fees and expenses paid in cash in an amount not to exceed $8,000,000 in the aggregate, plus 

(xi) cash fees and expenses incurred in connection with any proceeding by a Governmental Authority pending as of the Seventeenth Amendment
Effective Date, plus 
 (xii) non-recurring cash restructuring charges or other non-recurring cash expenses incurred to
restructure or improve productivity or cost effectiveness of assets or operations, including facility or office closures, surrender of leasehold interests, consolidation and integration costs and severance, relocation and retention bonuses, in an
amount not to exceed $6,000,000 in the aggregate, and in each case, approved by the Agent in its reasonable discretion, 
 (m)
Schedule 1.1 to the Credit Agreement is hereby amended by amending and restating the defined terms “Base Rate Margin”, “Guarantor”, “Guaranties”, “LIBOR Rate Margin”, “Permitted Dispositions”,
“Permitted Investments” and “Security Agreements” in their entirety as follows: 
 “Base Rate
Margin” means 1.50 percentage points. 
 “Guarantor” means (a) Parent, (b) Dialogic US,
(c) Dialogic Ireland, (d) Cantata, (e) Dialogic Israel, (f) Dialogic Brazil and (g) any other Subsidiary of the Parent that becomes party to the Guaranties by executing a joinder thereto, and “Guarantor”
means any one of them 
 “Guaranties” means (a) that certain general continuing guaranty executed and
delivered by Dialogic US and Cantata in favor of Agent, for the benefit of the Lender Group and Bank Product Providers, in form and substance satisfactory to Agent, (b) that certain guaranty and indemnity executed and delivered by Dialogic
Ireland in favor of Agent, for the benefit of Lender Group and Bank Product Providers, in form and substance satisfactory to Agent, (c) those certain joinders to general continuing guaranty executed and delivered by Dialogic Israel and

  
 -5-

 
Dialogic Brazil in favor of Agent, for the benefit of Lender Group and Bank Product Providers, in form and substance satisfactory to Agent, and (d) any joinder to general continuing guaranty
executed and delivered by any other party that becomes a Guarantor hereunder in favor of Agent, for the benefit of Lender Group and Bank Product Providers, in form and substance satisfactory to Agent. 

“LIBOR Rate Margin” means 3.00 percentage points. 

“Permitted Dispositions” means (a) sales or other dispositions of Equipment that is substantially worn, damaged, or
obsolete in the ordinary course of business, (b) sales or leases of Inventory to buyers in the ordinary course of business, (c) the use or transfer of money or Cash Equivalents in a manner that is not prohibited by the terms of the
Agreement or the other Loan Documents, (d) the licensing, on a non-exclusive basis, of patents, trademarks, copyrights, and other intellectual property rights in the ordinary course of business, (e) sale or disposition of United States
patent numbers 5,812,819 and 5,598,536 and any corresponding foreign patents directly related thereto, and (f) sale or disposition of Borrower’s or its Subsidiaries’ (i) ISDN client line of products and assets directly associated
therewith, (ii) VPN line of products and assets directly associated therewith, or (iii) X.25 line of products and assets directly associated therewith; provided that with respect to sales or dispositions made pursuant to clauses
(e) and (f), such sale or disposition shall only be permitted so long as no Default or Event of Default has occurred or is continuing either prior to or after giving effect to such sale or disposition. 

“Permitted Investments” means (a) Investments in cash and Cash Equivalents, (b) Investments in negotiable
instruments for collection, (c) advances made in connection with purchases or leases of goods or services and the licensing of intellectual property in the ordinary course of business, (d) Investments received in settlement of amounts due
to Parent or any of its Subsidiaries effected in the ordinary course of business or owing to Parent or any of its Subsidiaries as a result of Insolvency Proceedings involving an Account Debtor or upon the foreclosure or enforcement of any Lien in
favor of Parent or its Subsidiaries and (e) Investments to capitalize newly-formed Subsidiaries that are not required by this Agreement to become Guarantors in an amount not to exceed $1,500,000 in the case of any one Subsidiary and $4,000,000
in the case of all such Subsidiaries; provided that with respect to Investments made pursuant to clause (e), such Investments shall only be permitted if at the time any such Investment is made (i) no Default or Event of Default has
occurred or is continuing, (ii) Borrower shall have Availability plus any unencumbered cash held by Borrower or any Guarantor (in the United States or any foreign jurisdiction) of at least $2,500,000, both before and after giving effect to such
Investments, and (iii) Borrower shall be in compliance with the financial covenants in Section 6.16 on a pro forma basis both before and after giving effect to such Investments. 

  
 -6-

 “Security Agreements” means (a) the general security agreement, in
form and substance satisfactory to Agent, executed and delivered by Borrower to Agent, (b) a deed of hypothec and issue of bond, a 25% demand bond, a delivery order with respect to the 25% demand bond and a pledge of bond agreement, each in
form and substance satisfactory to Agent and executed and delivered by Borrower to Agent, (c) a security agreement, in form and substance satisfactory to Agent, executed and delivered by Dialogic US and Cantata to Agent, (d) those certain
joinders to security agreement, in form and substance satisfactory to Agent, executed and delivered by Dialogic Israel and Dialogic Brazil to Agent, (e) a charge and assignment, in form and substance satisfactory to Agent, executed and
delivered by Dialogic Ireland to Agent, (f) a debenture – floating and Fixed charge, in form and substance satisfactory to Agent, executed and delivered by Dialogic Israel to Agent, and (g) an asset pledge agreement, in form and
substance satisfactory to Agent, executed and delivered by Dialogic Brazil to Agent. 
 (n) Schedule 1.1 is amended by deleting
the defined term “Specified Immaterial Subsidiaries”. 
 (o) Schedule P-2, 4.3, 4.5, 4.7(a), 4.7(b), 4.7(c),
4.8(b), 4.8(c), 4.8(d), 4.13, 4.14, 4.15, 4.17, 4.20 and 5.2 to the Credit Agreement are each hereby amended and restated in their entirety in the form attached hereto. 
 4. Conditions to Effectiveness of Amendment. This Amendment shall become effective upon the satisfaction of the following conditions (each in form and substance satisfactory to Administrative
Agent): 
 (a) each party hereto shall have executed and delivered this Amendment to Administrative Agent; 

(b) Administrative Agent shall have received the fees payable on the date hereof referred to in the Amended and Restated Fee Letter,
dated as of the date hereof; 
 (c) Administrative Agent shall have received fully executed copies of the Consent and
Reaffirmation attached hereto; 
 (d) Administrative Agent shall have received fully executed copies of the documents listed on
Exhibit B hereto; and 
 (e) no Default or Event of Default (other than the Existing Events of Default) shall have
occurred and be continuing. 
 5. Representations and Warranties. In order to induce Administrative Agent and the Lenders
to enter into this Amendment, Borrower hereby represents and warrants to Administrative Agent and the Lenders: 
 (a) all
representations and warranties contained in the Credit Agreement and the other Loan Documents are true and correct on and as of the date of this Amendment, in each 

  
 -7-

 
case as if made on and as of such date, except (i) to the extent such representations and warranties expressly refer to an earlier date (in which case such representations and warranties
were true and correct in all material respects (unless otherwise qualified by materiality, Material Adverse Changes or a dollar threshold, in which case they shall be true in all respects) on and as of such earlier date, (ii) to the extent that
any Schedule relating to any such representation and warranty was not required to be updated pursuant to the terms of the Credit Agreement (it being understood that the Agent has not requested any such update), (iii) to the extent such
representations or warranties are not true and correct solely as a result of the Existing Events of Default, and (iv) that the existence of the Existing Events of Default shall not, in and of itself, be deemed to be a “Material Adverse
Change” for purposes of Section 4.11 of the Credit Agreement; 
 (b) no Default or Event of Default (other than the
Existing Events of Default) has occurred and is continuing; and 
 (c) this Amendment constitutes a legal, valid and binding
obligation of Borrower and is enforceable against Borrower in accordance with its terms. 
 6. Release. 

(a) In consideration of the agreements of Administrative Agent and Lenders contained herein and for other good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, each of Parent and each Subsidiary of Parent, on behalf of itself, its successors, assigns, and other legal representatives, hereby absolutely, unconditionally and irrevocably releases,
remises and forever discharges Administrative Agent, Lenders, Wells Fargo, Wells Fargo Capital Finance, LLC and Wells Fargo Capital Finance, Inc. and their successors and assigns, and their present and former shareholders, predecessors, directors,
officers, attorneys, employees, agents and other representatives and their affiliates, subsidiaries and divisions engaged in the provision of financial services to Borrower and any of its subsidiaries (Administrative Agent, each Lender, Wells Fargo,
Wells Fargo Capital Finance, LLC and Wells Fargo Capital Finance, Inc. and all such other Persons being hereinafter referred to collectively as the “Releasees” and individually as a “Releasee”), of and from all
demands, actions, causes of action, suits, covenants, contracts, controversies, agreements, promises, sums of money, accounts, bills, reckonings, damages and any and all other claims, counterclaims, defenses, rights of set-off, demands and
liabilities whatsoever (individually, a “Claim” and collectively, “Claims”) of every name and nature, known or unknown, suspected or unsuspected, both at law and in equity, which Parent or such Subsidiary or any of
their successors, assigns, or other legal representatives may now or hereafter own, hold, have or claim to have against the Releasees or any of them for, upon, or by reason of any circumstance, action, cause or thing whatsoever which has arisen at
any time on or prior to the date of this Amendment for or on account of, or in relation to, or in any way in connection with any of the Credit Agreement, or any of the other Loan Documents or transactions thereunder or related thereto. 

(b) Each of Parent and each Subsidiary of Parent understands, acknowledges and agrees that the release set forth above may be pleaded as
a full and complete defense and may be used as a basis for an injunction against any action, suit or other proceeding which may be instituted, prosecuted or attempted in breach of the provisions of such release. 

  
 -8-

 (c) Each of Parent and each Subsidiary of Parent agrees that no fact, event, circumstance,
evidence or transaction which could now be asserted or which may hereafter be discovered shall affect in any manner the final, absolute and unconditional nature of the release set forth above. 

7. Foreign Opinions. The Agent shall receive opinions in form and substance satisfactory to the Agent within ten
(10) Business Days of the Seventeenth Amendment Effective Date (or such longer time period agreed upon by Agent) from (i) Lawson Lundell, special Canadian counsel for the Borrower, (ii) Davies Ward Phillips & Vineberg LLP,
special Canadian counsel for the Borrower, and (iii) McCann FitzGerald, special Irish counsel for Dialogic Ireland. 
 8.
Miscellaneous. 
 (a) Expenses. Each of Parent and each Subsidiary of Parent agrees to pay on demand all costs and
expenses of Administrative Agent (including the reasonable fees and expenses of outside counsel for Administrative Agent) in connection with the preparation, negotiation, execution, delivery and administration of this Amendment and all other
instruments or documents provided for herein or delivered or to be delivered hereunder or in connection herewith. 
 (b)
Governing Law. This Amendment shall be a contract made under and governed by the laws of the province of Ontario, Canada. 
 (c) Counterparts. This Amendment may be executed in any number of counterparts, and by the parties hereto on the same or separate counterparts, and each such counterpart, when executed and
delivered, shall be deemed to be an original, but all such counterparts shall together constitute but one and the same Amendment. 

  
 -9-

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

			
	DIALOGIC CORPORATION, a British Columbia corporation
		
	By	 	 /s/ Anthony Housefather

	Name:	 	Anthony Housefather
	Title:	 	Director
	
	DIALOGIC, INC., a Delaware corporation formerly known as Veraz Networks, Inc.
		
	By	 	 /s/ Anthony Housefather

	Name:	 	Anthony Housefather
	Title:	 	Secretary
	
	WELLS FARGO FOOTHILL CANADA ULC, as Administrative Agent and as a Lender
		
	By	 	 /s/ Domenico Consentino

	 Name:
	 	 Domenico Consentino

	Title:	 	 Vice President

 Signature Page to Waiver and Seventeenth Amendment to Credit Agreement 

  

 CONSENT AND REAFFIRMATION 

Dialogic (US) Inc., formerly known as Dialogic Inc. (“Dialogic US”), Cantata Technology, Inc.
(“Cantata”), Dialogic Distribution Limited (“Dialogic Ireland”), Dialogic Networks (Israel) Ltd. (“Dialogic Israel”) and Dialogic do Brasil Comercio de Equipamentos Para Telecomunicacao Ltda.,
formerly known as Veraz Networks Do Brasil Comercio De Equipamentos Para Telecomunicacao Ltda. (“Dialogic Brazil”; Dialogic US, Cantata, Dialogic Ireland, Dialogic Israel and Dialogic Brazil are each, individually, a
“Guarantor” and, collectively, the “Guarantors”) each hereby (i) acknowledges receipt of a copy of the foregoing Waiver and Seventeenth Amendment to Credit Agreement (the “Amendment”;
capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in that certain Credit Agreement dated as of March 5, 2008 (as amended through the date hereof) by and among Dialogic Inc., formerly known as
Veraz Networks, Inc., Dialogic Corporation, Wells Fargo Foothill Canada ULC, as administrative agent for the Lenders (in such capacity, “Administrative Agent”), and the lenders from time to time party thereto (the
“Lenders”)), (ii) consents to Borrower’s execution and delivery of the Amendment; (iii) agrees to be bound by the Amendment (including without limitation, Sections 6 and 8(a) thereof); (iv) affirms that nothing
contained in the Amendment shall modify in any respect whatsoever any Loan Document to which it is a party except as expressly set forth therein; and (v) reaffirms its obligations under each of the other Loan Documents to which it is a party
(collectively, the “Reaffirmed Loan Documents”). Although each Guarantor has been informed of the matters set forth herein and has acknowledged and agreed to same, each Guarantor understands that neither Administrative Agent nor the
Lenders have any obligation to inform any Guarantor of such matters in the future or to seek any Guarantor’s acknowledgment or agreement to future amendments, waivers or consents, and nothing herein shall create such a duty. 

The undersigned further agree that after giving effect to the Amendment, each Reaffirmed Loan Document shall remain in full force and
effect. 

  

 IN WITNESS WHEREOF, each Guarantor has executed this Consent and Reaffirmation on and as of
the date of the Amendment. 
  

			
	DIALOGIC (US) INC.,
	a Delaware corporation formerly known as Dialogic Inc.
		
	By:	 	 /s/ Anthony Housefather

	Name:	 	 Anthony Housefather

	Title:	 	 Secretary

	
	 CANTATA TECHNOLOGY, INC.,
 a Massachusetts corporation

		
	By:	 	 /s/ Anthony Housefather

	Name:	 	 Anthony Housefather

	Title:	 	 Director

	
	 DIALOGIC DISTRIBUTION LIMITED 
 (a company organized under the laws of Ireland)

		
	By:	 	 /s/ Anthony Housefather

	Name:	 	 Anthony Housefather

	Title:	 	 Director

	
	SIGNED SEALED AND DELIVERED AS A DEED
		
	By	 	 /s/ Anthony Housefather

	 the attorney for and on behalf of 
 DIALOGIC DISTRIBUTION LIMITED 
 in the presence
of:

			
		
	Witness:	 	 /s/ Stephen Becker

	Print Name:	 	 Stephen Becker

	Print Address:	 	 9800 Cavendish Blvd.

5th floor, Montreal, Canada

 Signature Page to Waiver and Seventeenth Amendment to Credit Agreement 

  

			
	 DIALOGIC NETWORKS (ISRAEL) LTD.,
 a limited liability company incorporated under the laws of Israel

		
	By:	 	 /s/ Anthony Housefather

	Name:	 	 Anthony Housefather

	Title:	 	 Director

	
	DIALOGIC DO BRASIL COMERCIO DE EQUIPAMENTOS PARA TELECOMUNICACAO LTDA., a limited liability company duly organized and existing under the laws of Brazil, f/k/a
Veraz Networks Do Brasil Comercio De Equipamentos Para Telecomunicacao Ltda.
		
	By:	 	 /s/ Jobelino Vitoriano Locateli

	Name:	 	 Jobelino Vitoriano Locateli

	Title:	 	 Legal Representative

 Signature Page to Waiver and Seventeenth Amendment to Credit Agreement 

  

 EXHIBIT A TO 

WAIVER AND SEVENTEENTH AMENDMENT 
 Existing Events of Default 
  

	1.	Event of Default existing under Section 7.8 of the Credit Agreement as a result of the occurrence of an “Event of Default” under the Term Loan Credit
Agreement due to the failure of Parent to achieve Liquidity (as defined in the Term Loan Credit Agreement) of at least the required amount set forth in the Term Loan Credit Agreement for the Fiscal Quarter ended on or about March 31, 2011.

  

	2.	Event of Default existing under Section 7.8 of the Credit Agreement as a result of the occurrence of an “Event of Default” under the Term Loan Credit
Agreement due to the failure of Parent to achieve Liquidity (as defined in the Term Loan Credit Agreement) of at least the required amount set forth in the Term Loan Credit Agreement for the Fiscal Quarter ended on or about June 30, 2011.

  

	3.	Event of Default existing under Section 7.8 of the Credit Agreement as a result of the occurrence of an “Event of Default” under the Term Loan Credit
Agreement due to the failure of Parent to comply with Section 10.13 (Minimum Interest Coverage Ratio), Section 10.14 (Minimum EBITDA), Section 10.15 (Maximum Consolidated Total Leverage Ratio) and Section 10.16 (Liquidity) in
each case for the Fiscal Quarter ended on or about September 30, 2011. 

  

	4.	Event of Default existing under Section 7.8 of the Credit Agreement as a result of the failure of the Parent to comply with Section 6.16(a) of the Credit
Agreement by meeting minimum EBITDA of at least the required amount set forth in the Credit Agreement for the 12 month period ending on September 30, 2011. 

 

	5.	Event of Default existing under Section 7.8 of the Credit Agreement as a result of the occurrence of an “Event of Default” under the Term Loan Credit
Agreement due to the failure of Parent to comply with Section 10.13 (Minimum Interest Coverage Ratio), Section 10.14 (Minimum EBITDA), Section 10.15 (Maximum Consolidated Total Leverage Ratio) and Section 10.16 (Liquidity) in
each case for the Fiscal Quarter ended on or about December 31, 2011. 

  

	6.	Event of Default existing under Section 7.8 of the Credit Agreement as a result of the failure of the Parent comply with Section 6.16(a) of the Credit
Agreement by meeting minimum EBITDA of at least the required amount set forth in the Credit Agreement for the 12 month period ending on December 31, 2011. 

  

 EXHIBIT B TO 

WAIVER AND SEVENTEENTH AMENDMENT 
 Closing Checklist 
  

	1.	Waiver and Seventeenth Amendment to Credit Agreement, together with Schedules and Exhibits 

 

	2.	Amended and Restated Fee Letter 

  

	3.	Third Amended and Restated Term Loan Agreement 

  

	4.	Opinions of Counsel re Loan Documents: 

  

	 	a.	Davis Wright Tremaine LLP (US) 

  

	 	b.	Davies Ward Phillips & Vineberg LLP (Canada) 

  

	 	c.	Lawson Lundell LLP (Canada) 

  

	 	d.	McCann Fitzgerald (Ireland) 

  
 -15-

 Schedule 5.2 

Provide Agent (and if so requested by Agent, with copies for each Lender) with each of the documents set forth below at the following
times in form satisfactory to Agent: 
  

			
	Monthly; provided however, if the amount of cash held by Borrower and each Guarantor (in the United States or any foreign jurisdiction) is less than $10,000,000 at any time, such
deliveries shall be provided to Agent on a bi-monthly basis (or, on a weekly basis if Agent so elects in its sole discretion)	  	 (a) an Account roll-forward with supporting details supplied from sales journals, collection journals, credit registers and any other
records (delivered electronically in an acceptable format),
  
 (b) upon
Agent’s request, notice of all claims, offsets, or disputes asserted by Account Debtors with respect to any Borrowing Base Company’s Accounts,
  

(c) upon Agent’s request, copies of invoices together with corresponding shipping and delivery documents, and credit memos together with
corresponding supporting documentation, with respect to invoices and credit memos in excess of an amount determined in the sole discretion of Agent, from time to time, and

 
 (d) Upon Agent’s request, Inventory system/perpetual reports specifying the cost
of each Borrowing Base Company’s Inventory, by category, with additional detail showing additions to and deletions therefrom (delivered electronically in an acceptable format).

		
	Monthly (no later than the 10th day of each month for the previous month-end)	  	 (e) a Borrowing Base Certificate (delivered electronically in an acceptable format),

 
 (f) a detailed aging, by total, of any Borrowing Base Company’s Accounts,
together with a reconciliation for any reconciling items noted and supporting documentation (delivered electronically in an acceptable format),
  

(g) upon Agent’s request, a detailed Inventory system/perpetual report together with a reconciliation to each Borrowing Base Company’s general
ledger accounts (delivered electronically in an acceptable format),
  
 (h) a
summary aging, by vendor, of Parent’s and its Subsidiaries’ accounts payable and any book overdraft (delivered electronically in an acceptable format) and an aging, by vendor, of any held checks,

 
 (i) a summary report regarding Parent’s and its Subsidiaries’ cash and Cash
Equivalents, including an indication of which amounts constitute Qualified Cash, and
  
 (j) upon Agent’s request, a monthly Account roll-forward, in a format acceptable to Agent in its discretion, tied to the beginning and ending account receivable balances of Borrower’s general
ledger.
  

 Signature Page to Waiver and Seventeenth Amendment to Credit Agreement 

  

			
		
		  	(k) a copy of the bank statement concerning deposit account number 30663020 held by Dialogic Ireland at Bank of Ireland until such deposit account is closed.
		
	Monthly (no later than the 30th day of each month)	  	 (l) a reconciliation of Accounts, trade accounts payable, and Inventory of each Borrowing Base Company’s general ledger accounts
to its monthly financial statements including any book reserves related to each category (delivered electronically in an acceptable format),
  

(m) a summary report of all distributor price adjustments, and
  

(n) a report regarding Borrower’s and Guarantors’ accrued, but unpaid, payroll and taxes (including real estate, ad valorem and Canadian
taxes).

		
	Annually	  	(o) a detailed list of each Borrowing Base Company’s customers, with address and contact information.
		
	Upon request by Agent	  	 (p) copies of purchase orders and invoices for Inventory acquired by any Borrowing Base Company, and

 
 (q) such other reports as to the Collateral or the financial condition of each
Borrowing Base Company, as Agent may reasonably request.

 Signature Page to Waiver and Seventeenth Amendment to Credit AgreementSubscription Agreement

 Exhibit 10.10 
 SUBSCRIPTION AGREEMENT 
 This Subscription Agreement is entered into and
dated as of March 22, 2012 (this “Agreement”), by and among Dialogic Inc., a Delaware corporation with offices located at 1504 McCarthy Boulevard Milpitas, California 95035-7405 (the “Company”) and the
purchasers identified on the Schedule of Purchasers attached hereto (each, a “Purchaser” and, together, the “Purchasers”). Capitalized terms not defined below shall have the meaning as set forth in
Section 1.1. 
 RECITALS 
 A. The Company and each Purchaser is executing and delivering this Agreement in reliance upon the exemption from securities registration afforded by Section 4(2) of the Securities Act of 1933, as
amended (the “Securities Act”), and Rule 506 of Regulation D (“Regulation D”) as promulgated by the United States Securities and Exchange Commission (the “Commission”) under the Securities Act.

 B. The Company is a borrower under that certain second amended and restated credit agreement (the “Existing Credit
Agreement”) dated as of October 1, 2010 by and among Dialogic Corporation, a British Columbia corporation (the “Borrower”), the Company as the parent of the Borrower, the Purchasers as lenders party thereto, and
Obsidian, LLC in its capacities as administrative agent and collateral agent, pursuant to which the Company has $92,833,006.75 in outstanding obligations (the “Loans”) owed to the Purchasers. 

C. To induce the Purchasers to enter into the Third Amended and Restated Credit Agreement, in the form attached hereto as Exhibit
A (the Existing Credit Agreement as so amended and restated, the “Credit Agreement”, and together with any other loan and/or security documents referenced therein, the “Credit Documents”), the Company has
agreed to issue the Warrants described below to the Purchasers as payment of the Yield Enhancement Premium (as defined in the Credit Agreement). 
 D. Each Purchaser wishes to purchase, and the Company wishes to sell, upon the terms and conditions stated in this Agreement, a warrant to acquire up to that aggregate number of shares of Common Stock set
forth opposite such Purchaser’s name in column (3) on the Schedule of Purchasers, in the form attached hereto as Exhibit B (the “Warrants”) (as exercised, collectively, the “Warrant
Shares”), subject to adjustment for any stock split, stock dividend, stock split, stock combination, reclassification or similar transaction. 
 E. At the Closing, the parties hereto shall amend and restate that certain Registration Rights Agreement, dated as of October 1, 2010, by and among Veraz Networks, Inc. (now known as Dialogic Inc.),
certain Purchasers and certain other parties thereto, in the form attached hereto as Exhibit C (as amended and restated, the “Registration Rights Agreement”), pursuant to which the Company shall agree to provide
certain registration rights with respect to the Securities (as defined below), under the Securities Act and the rules and regulations promulgated thereunder, and applicable state securities laws. 

F. The Warrants and the Warrant Shares are collectively referred to herein as the “Securities.” 

NOW, THEREFORE, IN CONSIDERATION of the mutual covenants contained in this Agreement, and for other good and valuable consideration, the
receipt and adequacy of which are hereby acknowledged, the Company and each Purchaser, severally and not jointly, agree as follows: 

 ARTICLE I. 
 DEFINITIONS 
 1.1 Definitions. In addition to the terms defined elsewhere
in this Agreement, the following terms shall have the meanings set forth in this Section 1.1: 

“Affiliate” of a Person means any other Person that, directly or indirectly through one or more intermediaries, controls
or is controlled by or is under common control with the first Person, as such terms are used in and construed under Rule 144 promulgated under the Securities Act. Without limiting the foregoing with respect to a Purchaser, any investment fund or
managed account that is managed on a discretionary basis by the same investment manager as such Purchaser will be deemed to be an Affiliate of such Purchaser. 
 “Business Day” means any day except Saturday, Sunday and any day which is a federal legal holiday or a day on which banking institutions in the State of New York are authorized or
required by law or other governmental action to close. 
 “Common Stock” means the common stock of the Company,
par value $0.001 per share, and any securities into which such common stock may hereafter be reclassified or converted. 

“Eligible Market” means any of The New York Stock Exchange, The NYSE Amex, The NASDAQ Global Select Market, The NASDAQ
Capital Market or the Trading Market. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended,
and the rules and regulations promulgated thereunder. 
 “Governmental Authority” shall mean any:
(a) nation, state, commonwealth, province, territory, county, municipality, district or other jurisdiction of any nature; (b) federal, state, provincial, local, municipal, foreign or other government; (c) governmental or
quasi-governmental authority of any nature (including any governmental division, department, agency, commission, commissioner, bureau, tribunal, instrumentality, official, ministry, fund, foundation, center, organization, board, unit, body or Person
and any court or other tribunal); or (d) regulatory or self-regulatory organization (including the Trading Market). 

“Knowledge” shall mean the actual knowledge of the Company’s and/or its Subsidiaries’, as applicable,
executive officers. 
 “Lien” means any mortgage, deed of trust, lien, charge, claim, encumbrance, security
interest, right of first refusal, preemptive right or other restrictions of any kind. 
 “Person” means an
individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind. 

“Proceeding” means an action, claim, suit, inquiry, investigation or proceeding (including, without limitation, an
investigation or partial proceeding, such as a deposition), whether commenced or, to the Company’s Knowledge, threatened in writing. 
 “Registrable Securities” means all the Warrant Shares issued or issuable upon exercise of the Warrants and any securities issued or issuable in exchange for or in respect of such
securities, together with any securities issued or issuable upon any stock split, dividend or other distribution, recapitalization or similar event with respect to the foregoing. 

  
 - 2 -

 “Registration Statement” has the meaning as set forth in the Registration
Rights Agreement. 
 “SEC Reports” shall mean all reports, schedules, forms, applications and other documents,
together with any amendments required to be made with respect thereto, required to be filed by the Company under the Securities Act and the Exchange Act, including pursuant to Section 13(a) or 15(d) thereof, for the 12 months preceding the date
hereof (or such shorter period as the Company was required by law or regulation to file such materials). 
 “Senior
Facility” means the credit facility established pursuant to the Credit Documents and the credit facility established pursuant to a certain Credit Agreement dated as of March 5, 2008, as amended, among Dialogic Corporation, Dialogic
Inc., Wells Fargo Foothill Canada ULC, as administrative agent, and the lenders from time to time party thereto, or any replacement facilities reasonably acceptable to holders of at least a majority of the aggregate amount of Registrable Securities
issued and issuable under the Warrants. 
 “Subsidiary” shall mean any Person which the Company controls
directly or indirectly by ownership of more than 50% of the outstanding voting equity. 
 “Trading Day” means
(a) any day on which the Common Stock is listed or quoted and traded on its primary Trading Market, or (b) if the Common Stock is not then listed or quoted and traded on any Trading Market, then any Business Day. 

“Trading Market” means The NASDAQ Global Market or any other primary Eligible Market or any national securities
exchange, market or trading or quotation facility on which the Common Stock is then listed or quoted. 
 “Transaction
Documents” means this Agreement, the Warrants, the Registration Rights Agreement and any other documents, certificates or agreements executed or delivered in connection with the transactions contemplated hereby. 

ARTICLE II. 

PURCHASE AND SALE 

2.1 Purchase and Sale of the Securities. Subject to the terms and conditions of this Agreement, each Purchaser agrees, severally
and not jointly, to purchase from the Company, and the Company agrees to sell and issue to each Purchaser, at the Closing, such Warrants to acquire up to that aggregate number of Warrant Shares as is set forth opposite such Purchaser’s name in
column (3) on the Schedule of Purchasers. 
 2.2 Closing. The purchase and sale of the Warrants pursuant to
the terms of this Agreement (the “Closing”) shall take place at the offices of Schulte Roth & Zabel LLP, 919 Third Avenue, New York, NY 10022, at 10:00 A.M. (New York City time) on the date hereof, or at such other time and
place as the Company and the Purchasers mutually agree upon in writing (the “Closing Date”). 
 2.3 Purchase
Price. The Warrants to be issued to such Purchaser at the Closing shall be issued as payment of the Yield Enhancement Premium. 

  
 - 3 -

 2.4 Form of Payment. On the Closing Date, the Company shall deliver to each Purchaser
a Warrant pursuant to which such Purchaser shall have the right to acquire up to such aggregate number of Warrant Shares as is set forth opposite such Purchaser’s name in column (3) of the Schedule of Purchasers, duly executed on
behalf of the Company and registered in the name of such Purchaser or its designee. 
 ARTICLE III. 

REPRESENTATIONS AND WARRANTIES 
 3.1 Representations and Warranties of the Company. The Company hereby represents and warrants as of the date hereof (except for representations and warranties that speak as of a specific date,
which shall be made as of such date) to each of the Purchasers, except as set forth in the Schedules delivered herewith: 
 (a)
Authorization; Enforcement. The Company has the requisite corporate power and authority to enter into and to consummate the transactions contemplated by each of the Transaction Documents to which it is a party and otherwise to carry out its
respective obligations hereunder and thereunder. Other than the Required Approvals, the execution and delivery by the Company of each of the Transaction Documents to which it is a party and the consummation by it of the transactions contemplated
hereunder and thereunder have been duly authorized by all necessary action on the part of the Company and no further consent or action is required by the Company, or its board of directors or stockholders. Each Transaction Document has been (or upon
delivery will have been) duly executed by the Company, and, when delivered in accordance with the terms hereof, will constitute the valid and binding obligation of the Company, enforceable against the Company, in accordance with its terms, except as
such enforceability may be limited by general principles of equity or applicable bankruptcy, insolvency, reorganization, moratorium, liquidation or similar laws relating to, or affecting generally, the enforcement of applicable creditors’
rights and remedies and except as rights to indemnification and to contribution may be limited by federal or state securities law. 
 (b) No Conflicts. The execution, delivery and performance of the Transaction Documents by the Company and the consummation by the Company of the transactions contemplated hereby and thereby
(including, without limitation, the issuance of the Warrants and the Warrant Shares and the reservation for issuance of the Warrant Shares) do not and will not (i) conflict with or violate any provision of the Company’s or any
Subsidiary’s certificate or articles of incorporation, bylaws or other organizational or charter documents, (ii) conflict with, or constitute a default (or an event that with notice or lapse of time or both would become a default) under,
result in the creation of any Lien upon any of the properties or assets of the Company or any Subsidiary, or give to others any rights of termination, amendment, acceleration or cancellation (with or without notice, lapse of time or both) of, any
agreement, credit facility, debt or other instrument (evidencing a Company or Subsidiary debt or otherwise) or other understanding to which the Company or any Subsidiary is a party or by which any property or asset of the Company or any Subsidiary
is bound or affected, or (iii) result in a violation of any law, rule, regulation, order, judgment, injunction, decree or other restriction of any Governmental Authority to which the Company or a Subsidiary is subject (including, without
limitation, foreign, federal and state securities laws and regulations (assuming the correctness of the representations and warranties made by the Purchasers herein), and the rules and regulations of the Trading Market), or by which any property or
asset of the Company or a Subsidiary is bound or affected; except in the case of clause (ii) or (iii) above, as would not, reasonably be expected to, (i) adversely affect the legality, validity or enforceability of any Transaction
Document, (ii) have or result in a material adverse effect on the results of operations, assets, prospects, business or condition (financial or otherwise) of the Company and the Subsidiaries, taken as a whole, or (iii) adversely impair the
Company’s ability to perform fully on a timely basis its obligations under any Transaction Document (any of (i), (ii) or (iii), a “Material Adverse Effect”). 

  
 - 4 -

 (c) Filings, Consents and Approvals. Neither the Company nor any Subsidiary is
required to obtain any consent, waiver, authorization, permit or order of, give any notice to, or make any filing or registration with, any Governmental Authority or other Person in connection with the execution, delivery and performance by the
Company of the Transaction Documents, other than the filing by the Company, the filing by the Company of a Notice of Sale of Securities on Form D with the Commission under Regulation D and state and applicable Blue Sky filings, the obtaining by the
Company of Stockholder Approval as contemplated by Section 4.9, the filing of any requisite notices and/or applications(s) to the Trading Market for the issuance and sale of the Warrants, and the issuance of the Warrant Shares upon
exercise of the Warrants, and the listing of the Warrant Shares for trading or quotation, as the case may be, thereon (collectively, the “Required Approvals”). Other than the Stockholder Approval contemplated by
Section 4.9, all Required Approvals have been obtained or effected on or prior to the Closing Date, and neither the Company nor any Subsidiary are aware of any facts or circumstances which might prevent the Company or any Subsidiary from
obtaining or effecting any of the registration, application or filings contemplated by the Transaction Documents. The Company is not in violation of the requirements of the Trading Market. 

(d) Issuance of the Securities. The issuance of the Warrants is duly authorized and, upon issuance in accordance with the terms of
the Transaction Documents, will be validly issued, fully paid and non-assessable and free from all preemptive or similar rights, taxes, Liens and charges with respect to the issue thereof. As of the Closing, the Company shall have reserved from its
duly authorized capital stock not less than the sum of the maximum number of Warrant Shares issuable upon exercise of the Warrants (without taking into account any limitations on the exercise of the Warrants set forth therein). Upon exercise in
accordance with the Warrants, the Warrant Shares when issued, will be validly issued, fully paid and nonassessable and free from all preemptive or similar rights, taxes, Liens and charges with respect to the issue thereof, with the holders being
entitled to all rights accorded to a holder of Common Stock (as set forth in the applicable charter documents). Subject to the accuracy of the representations and warranties of the Purchasers in this Agreement, the offer and issuance by the Company
of the Securities is exempt from registration under the Securities Act. 
 (e) Capitalization. The number of shares and
type of all authorized, issued and outstanding capital stock of the Company has been set forth in the SEC Reports and has changed since the date set forth in such SEC Reports only to reflect stock option exercises and grants and warrant exercises
that have not, individually or in the aggregate, had a material effect on the issued and outstanding capital stock, options and other securities and have not been required to be reported by the Company under the Exchange Act. All of such outstanding
shares are duly authorized and have been, or upon issuance will be, validly issued and are fully paid and nonassessable. No securities of the Company are entitled to preemptive or similar rights, and no Person has any right of first refusal,
preemptive right, right of participation, or any similar right to participate in the transactions contemplated by the Transaction Documents. There are no securities or instruments containing anti-dilution or similar provisions that will be triggered
by the issuance of the Securities. The Company does not have any stock appreciation rights or “phantom stock” plans or agreements or any similar plan or agreement. 
 (f) Certain Fees. No brokerage or finder’s fees or commissions are or will be payable by the Company to any broker, financial advisor or consultant, finder, placement agent, investment banker,
bank or other Person with respect to the transactions contemplated by this Agreement. The Purchasers shall have no obligation with respect to any fees or with respect to any claims (other than such fees or commissions owed by a Purchaser pursuant to
written agreements 

  
 - 5 -

 
executed by such Purchaser which fees or commissions shall be the sole responsibility of such Purchaser) made by or on behalf of other Persons for fees of a type contemplated in this
Section that may be due in connection with the transactions contemplated by this Agreement. The Company shall indemnify and hold harmless the Purchasers, their employees, officers, directors, agents, and partners, and their respective
Affiliates, from and against all claims, losses, damages, costs (including the costs of preparation and attorney’s fees) and expenses suffered in respect of any such claimed or existing fees, as such fees and expenses are incurred. 

(g) Private Placement; No Integrated Offering; No General Solicitation. Assuming the accuracy of each Purchaser’s
representations and warranties set forth in Section 3.2(c)-(g) and that the Required Approvals have been obtained, (i) no registration under the Securities Act is required for the offer and sale of the Securities by the Company
to the Purchasers under the Transaction Documents, and (ii) the issuance and sale of the Securities hereunder does not contravene the rules and regulations of the Trading Market. Assuming the accuracy of the Purchasers’ representations and
warranties set forth in Section 3.2, neither the Company, the Subsidiaries, any of their respective affiliates, nor any Person acting on their behalf has, directly or indirectly, made any offers or sales of any Company security or solicited any
offers to buy any security, under circumstances that would require registration of the issuance of any of the Securities under the Securities Act, whether through integration with prior offerings or otherwise. None of the Company, the Subsidiaries,
their respective affiliates nor any Person acting on their behalf will take any action or steps that would require registration of the issuance of any of the Securities under the Securities Act or cause the offering of any of the Securities to be
integrated with other offerings of securities of the Company. Neither the Company, the Subsidiaries nor their affiliates, nor any Person acting on its or their behalf, has engaged in any form of general solicitation or general advertising (within
the meaning of Regulation D) in connection with the offer or sale of the Securities. 
 (h) Application of Takeover
Protections. The Company and its Board of Directors have taken all necessary action, if any, in order to render inapplicable any control share acquisition, interested stockholder, business combination, poison pill (including any distribution
under a rights agreement) or other similar anti-takeover provision under the Company’s certificate or articles of incorporation, bylaws or other organizational or charter documents or the laws of its jurisdiction of incorporation that is or
could become applicable to the Purchasers as a result of the Purchasers and the Company fulfilling their obligations or exercising their rights under the Transaction Documents, including without limitation as a result of the Company’s issuance
of the Securities and the Purchasers’ ownership of the Securities. The Company and its Board of Directors have taken all necessary action, if any, in order to render inapplicable any stockholder rights plan or similar arrangement relating to
accumulations of beneficial ownership of shares of Common Stock or a change in control of the Company or any Subsidiary. 
 (i)
Registration Eligibility. The Company is eligible to register the Registrable Securities for resale by the Purchasers using Form S-3 promulgated under the Securities Act. 

(j) Transfer Taxes. On the Closing Date, all stock transfer or other taxes (other than income or similar taxes) which are required
to be paid in connection with the sale and transfer of the Securities to be sold to each Purchaser hereunder will be, or will have been, fully paid or provided for by the Company, and all laws imposing such taxes will be or will have been complied
with. 
 (k) Shell Company Status. The Company is not, and has never been, an issuer identified in, or subject to, Rule
144(i). 

  
 - 6 -

 (l) Voting Agreements. The Company entered into a Voting Agreement (each, a
“Voting Agreement”) on March 16, 2012 in the form attached hereto as Exhibit D, with each of the stockholders set forth on Schedule 3.1(l) (collectively, the “Principal Stockholders”).

 3.2 Representations and Warranties of the Purchasers. Each Purchaser hereby, as to itself only and for no other
Purchaser, represents and warrants to the Company as follows: 
 (a) Organization; Authority. Such Purchaser is an entity
duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization with the requisite corporate, limited liability company or partnership power and authority to enter into and to consummate the transactions
contemplated by the Transaction Documents and otherwise to carry out its obligations hereunder and thereunder. The execution, delivery and performance by such Purchaser of the Transaction Documents to which it is a party have been duly authorized by
all necessary corporate or, if such Purchaser is not a corporation, such partnership, limited liability company or other applicable like action, on the part of such Purchaser. Each of the Transaction Documents to which such Purchaser is a party has
been duly executed by such Purchaser and, when delivered by such Purchaser in accordance with terms hereof, will constitute the valid and legally binding obligation of such Purchaser, enforceable against it in accordance with its terms. 

(b) No Conflicts. The execution, delivery and performance of the Transaction Documents by such Purchaser and the consummation by
such Purchaser of the transactions contemplated hereby and thereby do not and will not (i) conflict with or violate any provision of such Purchaser’s certificate or articles of incorporation, bylaws or other organizational or charter
documents (to the extent an entity), or (ii) result in a violation of any law, rule, regulation, order, judgment, injunction, decree or other restriction of any Governmental Authority to which such Purchaser is subject (including, without
limitation, foreign, federal and state securities laws and regulations); except in the case of clause (i) or (ii) above, as would not, reasonably be expected to have, individually or in the aggregate, a material adverse effect on the
ability of the Purchaser to perform its obligations thereunder. 
 (c) Investment Intent. Such Purchaser is acquiring the
Securities as principal for its own account for investment purposes and not with a view to distributing or reselling such Securities or any part thereof in violation of applicable securities laws, without prejudice, however, to such Purchaser’s
right at all times to sell or otherwise dispose of all or any part of such Securities in compliance with applicable federal and state securities laws. Nothing contained herein shall be deemed a representation or warranty by such Purchaser to hold
the Securities for any period of time. Such Purchaser understands that the Securities have not been registered under the Securities Act, and therefore the Securities may not be sold, assigned or transferred unless pursuant to (i) an effective
registration statement under the Securities Act with respect thereto or (ii) an available exemption from the registration requirements of the Securities Act. 
 (d) Purchaser Status. At the time such Purchaser was offered the Securities, it was, and at the date hereof it is, and on each date on which it exercises the Warrants (other than pursuant to a
cashless exercise), it will be, an “accredited investor” as defined in Rule 501(a) under the Securities Act. Such Purchaser is not a registered broker-dealer under Section 15 of the Exchange Act. 

(e) Experience of such Purchaser. Such Purchaser, either alone or together with its representatives, has such knowledge,
sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. Such Purchaser is
able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment. 

  
 - 7 -

 (f) General Solicitation. Such Purchaser is not purchasing the Securities as a result
of any advertisement, article, notice or other communication regarding the Securities published in any newspaper, magazine or similar media or broadcast over television or radio or presented at any seminar or, to such Purchaser’s knowledge, any
other general solicitation or general advertisement. 
 (g) Access to Data. Such Purchaser has received and reviewed
information about the Company and has had an opportunity to discuss the Company’s business, management and financial affairs with its management and to review the Company’s facilities. Such Purchaser acknowledges that it has been afforded
(i) the opportunity to ask such questions as it has deemed necessary of, and to receive answers from, representatives of the Company concerning the terms and conditions of the offering of the Securities and the merits and risks of investing in
the Securities; (ii) access to information about the Company and its respective financial condition, results of operations, business, properties, management and prospects sufficient to enable it to evaluate its investment; and (iii) the
opportunity to obtain such additional information that the Company possesses or can acquire without unreasonable effort or expense that is necessary to make an informed investment decision with respect to the investment. The foregoing, however, does
not limit or modify the representations and warranties made by the Company in this Agreement or any other provision in this Agreement or the right of the Purchasers to rely thereon. Such Purchaser has sought such accounting, legal and tax advice as
it has considered necessary to make an informed decision with respect to its acquisition of the Securities. 
 (h) Transfer
or Resale. Such Purchaser understands that except as provided in the Registration Rights Agreement: (i) the Securities have not been and are not being registered under the Securities Act or any state securities laws, and may not be offered
for sale, sold, assigned or transferred unless (A) subsequently registered thereunder, (B) such Purchaser shall have delivered to the Company (if requested by the Company) an opinion of counsel to such Purchaser, in a generally acceptable
form, to the effect that such Securities to be sold, assigned or transferred may be sold, assigned or transferred pursuant to an exemption from such registration, or (C) such Purchaser provides the Company with reasonable assurance that such
Securities can be sold, assigned or transferred pursuant to Rule 144 or Rule 144A promulgated under the Securities Act (or a successor rule thereto) (collectively, “Rule 144”); (ii) any sale of the Securities made in reliance
on Rule 144 may be made only in accordance with the terms of Rule 144, and further, if Rule 144 is not applicable, any resale of the Securities under circumstances in which the seller (or the Person through whom the sale is made) may be deemed to be
an underwriter (as that term is defined in the Securities Act) may require compliance with some other exemption under the Securities Act or the rules and regulations of the Commission promulgated thereunder; and (iii) neither the Company nor
any other Person is under any obligation to register the Securities under the Securities Act or any state securities laws or to comply with the terms and conditions of any exemption thereunder. 

(i) Reliance on Exemptions. Such Purchaser understands that the Securities being offered and sold to it in reliance on specific
exemptions from the registration requirements of United States federal and state securities laws and that the Company is relying in part upon the truth and accuracy of, and such Purchaser’s compliance with, the representations, warranties,
agreements, acknowledgements and understandings of such Purchaser set forth herein in order to determine the availability of such exemptions and the eligibility of such Purchaser to acquire the Securities. 

(j) No Governmental Review. Such Purchaser understands that no United States federal or state agency or any other government or
governmental agency has passed on or made any recommendation or endorsement of the Securities or the fairness or suitability of the investment in the Securities nor have such authorities passed upon or endorsed the merits of the offering of the
Securities. 

  
 - 8 -

 (k) Residency. Such Purchaser’s principal executive offices are in the
jurisdiction set forth immediately below such Purchaser’s name on the applicable signature page attached hereto. 
 The Company
acknowledges and agrees that no Purchaser makes or has made any representations or warranties with respect to the transactions contemplated hereby or by any other Transaction Document other than those specifically set forth in Section 3.2.

 ARTICLE IV. 
 OTHER AGREEMENTS OF THE PARTIES 
 4.1 Register; Pledge. 

(a) Register. The Company shall maintain at its principal executive offices (or such other office or agency of the Company as it
may designate by notice to each holder of Securities), a register for each series of the Warrants in which the Company shall record the name and address of the Person in whose name the Warrants have been issued (including the name and address of
each transferee) the number of Warrant Shares issuable upon exercise of the Warrants held by such Person. The Company shall keep the register open and available at all times during business hours for inspection of any Purchaser or its legal
representatives. 
 (b) The Company acknowledges and agrees that a Purchaser may from time to time pledge or grant a security
interest in some or all of the Securities in connection with a bona fide margin agreement secured by the Securities and, if required under the terms of such agreement, such Purchaser may transfer pledged or secured Securities to the pledgees or
secured parties. Such a pledge or transfer would not be subject to approval of the Company and no legal opinion of the pledgee, secured party or pledgor shall be required in connection therewith. Further, no notice shall be required of such pledge.
At the appropriate Purchaser’s expense, the Company will execute and deliver such reasonable documentation as a pledgee or secured party of Securities may reasonably request in connection with a pledge or transfer of the Securities. 

4.2 Furnishing of Information. As long as any Purchaser owns Securities, the Company covenants to timely file (or obtain
extensions in respect thereof and file within the applicable grace period) all reports required to be filed by the Company after the date hereof pursuant to the Exchange Act. As long as any Purchaser owns Securities, if the Company is not required
to file reports pursuant to such laws, it will prepare and furnish to the Purchasers and make publicly available in accordance with paragraph (c) of Rule 144 such information as is required for the Purchasers to sell the Securities under Rule
144. The Company further covenants that it will take such further action as any holder of Securities may reasonably request to satisfy the provisions of Rule 144 applicable to the issuer of securities relating to transactions for the sale of
securities pursuant to Rule 144. 
 4.3 Integration. The Company shall not, and shall use its reasonable best efforts to
ensure that no Affiliate of the Company shall, sell, offer for sale or solicit offers to buy or otherwise negotiate in respect of any security (as defined in Section 2 of the Securities Act) that would be integrated with the offer or sale of
the Securities in a manner that would require the registration under the Securities Act of the sale of the Securities to the Purchasers or, except with the prior written consent of holders of at least a majority of the aggregate amount of
Registrable Securities issued and issuable hereunder and under the Warrants, that would be integrated with the offer or sale of the Securities for purposes of the rules and regulations of any Trading Market. 

  
 - 9 -

 4.4 Reservation and Listing of Securities. The Company shall, as applicable
(i) prepare and timely file with each Trading Market an additional shares listing application covering all of the shares of Common Stock issued or issuable under the Transaction Documents, (ii) use reasonable best efforts to cause such
shares of Common Stock to be approved for listing on each Trading Market as soon as practicable thereafter, (iii) provide to the Purchasers evidence of such listing, and (iv) use reasonable best efforts to maintain the listing of such
Common Stock on each such Trading Market or another Eligible Market. 
 4.5 Form D and Blue Sky. The Company shall file a
Form D with respect to the Securities as required under Regulation D and to provide a copy thereof to the Purchasers. The Company shall, on or before the Closing Date, take such action as the Company shall reasonably determine is necessary in order
to obtain an exemption for, or to, qualify the Securities for sale to the Purchasers at the Closing pursuant to this Agreement under applicable securities or “Blue Sky” laws of the states of the United States (or to obtain an exemption
from such qualification), and shall provide evidence of any such action so taken to the Purchasers on or prior to the Closing Date. Without limiting any other obligation of the Company under this Agreement, the Company shall timely make all filings
and reports relating to the offer and sale of the Securities required under all applicable securities laws (including, without limitation, all applicable federal securities laws and all applicable “Blue Sky” laws), and the Company shall
comply with all applicable federal, state and local laws, statutes, rules, regulations and the like relating to the offering and sale of the Securities to the Purchasers. 
 4.6 Shareholders Rights Plan. No claim will be made or enforced by the Company or any other Person that any Purchaser is an “Acquiring Person” or any similar term under any shareholders
rights plan or similar plan or arrangement in effect or hereafter adopted by the Company, or that any Purchaser could be deemed to trigger the provisions of any such plan or arrangement, by virtue of receiving Securities under the Transaction
Documents or under any other agreement between the Company and the Purchasers. 
 4.7 Voting Agreement. The Company shall
use its reasonable best efforts to effectuate the transactions contemplated by each of the Voting Agreements. The Company shall not amend or waive any provision of any Voting Agreement and shall enforce the provisions of the Voting Agreements in
accordance with its respective terms. If any Principal Stockholder breaches any provisions of its Voting Agreement, the Company shall promptly use its best efforts to seek specific performance of the terms of such Voting Agreement in accordance with
Section 3.2 of the applicable Voting Agreement. In addition, if the Company receives any notice from any Principal Stockholder pursuant to a Voting Agreement, the Company shall promptly, but in no event later than two (2) Business Days,
deliver a copy of such notice to each Purchaser. 
 4.8 Stockholder Approval. If required by any governmental or
regulatory agency, the Company shall provide each stockholder entitled to vote at a special or annual meeting of stockholders of the Company (the “Stockholder Meeting”), which shall be called as promptly as practicable after the
date hereof, but in no event later than May 31, 2012 (the “Stockholder Meeting Deadline”), a proxy statement, in a form reasonably acceptable to the Purchasers after review by Schulte Roth & Zabel LLP at the expense of
the Company, soliciting each such stockholder’s affirmative vote at the Stockholder Meeting for approval of resolutions (the “Resolutions”) providing for the issuance of all of the Securities as described in the Transaction
Documents in accordance with applicable law and the rules and regulations of the Trading Market (such affirmative approval being referred to herein as the “Stockholder Approval” and the date such approval is obtained, the
“Stockholder Approval Date”), and the Company shall use its reasonable best efforts to solicit its stockholders’ approval of such Resolutions and to cause the Board of Directors of the Company to recommend to the stockholders
that they approve the Resolutions. The Company shall be obligated to seek to obtain the Stockholder Approval by the 

  
 - 10 -

 
Stockholder Meeting Deadline. If, despite the Company’s reasonable best efforts, the Stockholder Approval is not obtained at the Stockholder Meeting, the Company shall cause an
additional Stockholder Meeting to be held each calendar quarter thereafter until Stockholder Approval is obtained. 
 ARTICLE V.

 CLOSING DELIVERABLES 
 5.1 Closing Deliverables of the Company. At the Closing, the Company shall deliver to the Investors the following: 
 (a) Representations and Warranties. The representations and warranties of the Company shall be true and correct in all material respects (except to the extent such representations and warranties
are qualified as to materiality, in which case such representations and warranties shall be true and correct in all respects) as of the date when made and as of the Closing Date as though made at that time (except for representations and warranties
that speak as of a specific date which shall be true and correct as of such specified date) and the Company shall have performed, satisfied and complied in all material respects with the covenants, agreements and conditions required by the
Transaction Documents to be performed, satisfied or complied with by the Company at or prior to the Closing Date. If the Closing Date is not on the date hereof, such Purchaser shall have received a certificate, executed by the Chief Executive
Officer of the Company, dated as of the Closing Date, to the foregoing effect and as to such other matters as may be reasonably requested by such Purchaser in the form attached hereto as Exhibit E. 

(b) Transaction Documents. The Company shall have duly executed and delivered to such Purchaser (A) each of the Transaction
Documents to which it is a party and the Company shall have duly executed and delivered to such Purchaser such aggregate and (B) such Warrants (for such aggregate number of shares of Common Stock as is set forth across from such
Purchaser’s name in column (3) of the Schedule of Purchasers). 
 ARTICLE VI. 

MISCELLANEOUS 

6.1 Cash Payments. The parties hereto acknowledge and agree, notwithstanding anything to the contrary contained in the Transaction
Documents, that any cash payments required to be made by the Company or a Subsidiary in any of the Transaction Documents while the Senior Facility is outstanding shall only be made if allowed under the Senior Facility or with the prior written
consent of the lenders thereunder. 
 6.2 Fees and Expenses. The Company shall be responsible for the payment of any
placement agent’s fees, financial advisory fees, or broker’s commissions (other than for Persons engaged by any Purchaser) relating to or arising out of the transactions contemplated hereby. The Company shall pay, and hold each Purchaser
harmless against, any liability, loss or expense (including, without limitation, reasonable attorney’s fees and out-of-pocket expenses) arising in connection with any claim relating to any such payment. Except as otherwise set forth in the
Transaction Documents, each party to this Agreement shall bear its own expenses in connection with the sale of the Securities to the Purchasers. 
 6.3 Entire Agreement; Amendments. This Agreement and the other Transaction Documents supersede all other prior oral or written agreements between the Purchasers, the Company, their affiliates and
Persons acting on their behalf with respect to the matters discussed herein, and this Agreement, the other Transaction Documents and the instruments referenced herein and therein contain the entire understanding of the parties with respect to the
matters covered herein and therein and, except 

  
 - 11 -

 
as specifically set forth herein or therein, neither the Company nor any Purchaser makes any representation, warranty, covenant or undertaking with respect to such matters. No provision of this
Agreement may be amended other than by an instrument in writing signed by the Company and the holders of at least a majority of the aggregate amount of Registrable Securities issued and issuable hereunder and under the Warrants, and any amendment to
this Agreement made in conformity with the provisions of this Section 6.3 shall be binding on all Purchasers and holders of Securities. No provision hereof may be waived other than by an instrument in writing signed by the party against whom
enforcement is sought. No such amendment shall be effective to the extent that it applies to less than all of the holders of the applicable Securities then outstanding. The Company has not, directly or indirectly, made any agreements with any
Purchasers relating to the terms or conditions of the transactions contemplated by the Transaction Documents except as set forth in the Transaction Documents. Without limiting the foregoing, the Company confirms that, except as set forth in this
Agreement, no Purchaser has made any commitment or promise or has any other obligation to provide any financing to the Company or otherwise. 
 6.4 Notices. Any and all notices or other communications or deliveries required or permitted to be provided under this Agreement or any other Transaction Document shall be in writing and shall be
deemed given and effective on the earliest of (i) the date of transmission, if such notice or communication is delivered via facsimile at the facsimile number specified in this Section prior to 6:30 p.m. (New York City time) on a Trading
Day, (ii) the Trading Day after the date of transmission, if such notice or communication is delivered via facsimile at the facsimile number specified in this Agreement later than 6:30 p.m. (New York City time) on any date and earlier than
11:59 p.m. (New York City time) on such date, (iii) the Trading Day following the date of mailing, if sent by nationally recognized overnight courier service, specifying next business day delivery or (iv) upon actual receipt by the party
to whom such notice is required to be given if delivered by hand. The address for such notices and communications shall be as follows: 
  

			
	If to the Company:	  	 Dialogic Inc.
 9800
Cavendish Blvd., Suite 500, Montreal,
 Quebec, Canada H4M 2V9
 Telephone: (514) 832-3577
 Facsimile: (514) 745-0055

Attention: Anthony Housefather, EVP and
 General
Counsel

	  
	  
	  
		
	With a copy to:	  	 Cooley LLP
 3175
Hanover Street
 Palo Alto, CA 94304

Telephone: (650)843-5000
 Facsimile:
650/849-7400
 Attention: Jim Fulton

	  
	  
	  
		
	If to the Transfer Agent	  	 Computershare
 520
Pike Street Suite 1220
 Seattle WA 98101

Telephone: (206) 674-3050
 Facsimile: (206)
674-3059
 Attention: Lisa Porter, Relationship Manager

	  
	  
	  
		
	If to a Purchaser:	  	To its address and facsimile number set forth on the Schedule of Purchasers, with copies to such Purchaser’s representatives as set forth on the Schedule of
Purchasers.

  
 - 12 -

			
	With a copy (for information purposes only) to:	  	 Schulte Roth & Zabel LLP
 919 Third Avenue
 New York, NY 10028
 Telephone: (212) 756-2000
 Facsimile: (212) 593-5955

Attention: Eleazer N. Klein

	  
	  
	  

 or such other address as may be designated in writing hereafter, in the same manner, by such Person by two
(2) Trading Days’ prior notice to the other party in accordance with this Section 6.4. 
 6.5
Amendments; Waivers. No provision of this Agreement may be waived or amended except in a written instrument signed, in the case of an amendment, by the Purchasers and the Company, or, in the case of a waiver, by the Purchasers. No waiver of
any default with respect to any provision, condition or requirement of this Agreement shall be deemed to be a continuing waiver in the future or a waiver of any subsequent default or a waiver of any other provision, condition or requirement hereof,
nor shall any delay or omission of either party to exercise any right hereunder in any manner impair the exercise of any such right. 
 6.6 Construction. The headings herein are for convenience only, do not constitute a part of this Agreement and shall not be deemed to limit or affect any of the provisions hereof. The language used
in this Agreement will be deemed to be the language chosen by the parties to express their mutual intent, and no rules of strict construction will be applied against any party. No specific representation or warranty shall limit the generality or
applicability of a more general representation or warranty. 
 6.7 Successors and Assigns. This Agreement shall be
binding upon and inure to the benefit of the parties and their successors and permitted assigns. The Company may not assign this Agreement or any rights or obligations hereunder without the prior written consent of the Purchasers. Any Purchaser may
assign its rights under this Agreement to any Person to whom such Purchaser assigns or transfers any Securities, provided such transferee agrees in writing to be bound, with respect to the transferred Securities, by the provisions hereof and of the
applicable Transaction Documents that apply to the “Purchasers.” Notwithstanding anything to the contrary herein, Securities may be pledged to any Person in connection with a bona fide margin account or other loan or financing arrangement
secured by such Securities. 
 6.8 No Third-Party Beneficiaries. This Agreement is intended for the benefit of the
parties hereto and their respective successors and permitted assigns and is not for the benefit of, nor may any provision hereof be enforced by, any other Person, except that each Indemnitee is an intended third party beneficiary of
Section 4.6 and may enforce the provisions of such Sections directly against the parties with obligations thereunder. 
 6.9 Governing Law; Venue; Waiver of Jury Trial. All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by and construed and enforced
in accordance with the internal laws of the State of New York (except for matters governed by corporate law in the State of Delaware), without regard to the principles of conflicts of law thereof. Each party agrees that all legal proceedings
concerning the interpretations, enforcement and defense of the transactions contemplated by this agreement (whether brought against a party hereto or its respective affiliates, directors, officers, shareholders, employees or agents) shall be
commenced exclusively in the 

  
 - 13 -

 
state and federal courts sitting in the City of New York, Borough of Manhattan. Each party hereto hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting
in the City of New York, Borough of Manhattan for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein (including with respect to the enforcement of this Agreement). Each
party hereto hereby irrevocably waives personal service of process and consents to process being served in any such Proceeding by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such party
at the address in effect for notices to it under this Agreement and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve
process in any manner permitted by law. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE TO, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION WITH OR ARISING OUT OF THIS AGREEMENT OR
ANY TRANSACTION CONTEMPLATED HEREBY. If either party shall commence a Proceeding to enforce any provisions of this Agreement, then the prevailing party in such Proceeding shall be reimbursed by the other party for its attorneys’ fees and
other reasonable costs and expenses incurred with the investigation, preparation and prosecution of such Proceeding. 
 6.10
Survival. The representations, warranties, agreements and covenants contained herein shall survive the Closing and the delivery and/or exercise of the Securities, as applicable. 

6.11 Execution. This Agreement may be executed in two or more counterparts, all of which when taken together shall be considered
one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other party, it being understood that both parties need not sign the same counterpart. In the event that any signature is
delivered by facsimile transmission or by an e-mail which contains a portable document format (.pdf) filed of an executed signature page, such signature page shall create a valid and binding obligation of the party executing (or on whose behalf such
signature is executed) the same with the same force and effect as if such signature page were an original thereof. 
 6.12
Severability. If any provision of this Agreement is prohibited by law or otherwise determined to be invalid or unenforceable by a court of competent jurisdiction, the provision that would otherwise be prohibited, invalid or unenforceable
shall be deemed amended to apply to the broadest extent that it would be valid and enforceable, and the invalidity or unenforceability of such provision shall not affect the validity of the remaining provisions of this Agreement so long as this
Agreement as so modified continues to express, without material change, the original intentions of the parties as to the subject matter hereof and the prohibited nature, invalidity or unenforceability of the provision(s) in question does not
substantially impair the respective expectations or reciprocal obligations of the parties or the practical realization of the benefits that would otherwise be conferred upon the parties. The parties will endeavor in good faith negotiations to
replace the prohibited, invalid or unenforceable provision(s) with a valid provision(s), the effect of which comes as close as possible to that of the prohibited, invalid or unenforceable provision(s). 

6.13 Rescission and Withdrawal Right. Notwithstanding anything to the contrary contained in (and without limiting any similar
provisions of) the Transaction Documents, whenever any Purchaser exercises a right, election, demand or option under a Transaction Document and the Company does not timely perform its related obligations within the periods therein provided, then
such Purchaser may rescind or withdraw, in its sole discretion from time to time upon written notice to the Company, any relevant notice, demand or election in whole or in part without prejudice to its future actions and rights. 

  
 - 14 -

 6.14 Replacement of Securities. If any certificate or instrument evidencing any
Securities is mutilated, lost, stolen or destroyed, the Company shall issue or cause to be issued in exchange and substitution for and upon cancellation thereof, or in lieu of and substitution therefor, a new certificate or instrument, but only upon
receipt of evidence reasonably satisfactory to the Company of such loss, theft or destruction and customary and reasonable indemnity, if requested. The applicants for a new certificate or instrument under such circumstances shall also pay any
reasonable third-party costs associated with the issuance of such replacement Securities. 
 6.15 Remedies. In addition
to being entitled to exercise all rights provided herein or granted by law, including recovery of damages, each of the Purchasers and the Company will be entitled to specific performance under the Transaction Documents. Any Person having any rights
under any provision of this Agreement shall be entitled to enforce such rights specifically (without posting a bond or other security), to recover damages by reason of any breach of any provision of this Agreement and to exercise all other rights
granted by law. The Company therefore agrees that the Purchasers shall be entitled to seek specific performance and/or temporary, preliminary and permanent injunctive or other equitable relief from any court of competent jurisdiction in any such
case without the necessity of proving actual damages and without posting a bond or other security. 
 6.16 Payment Set
Aside. To the extent that the Company makes a payment or payments to any Purchaser hereunder or pursuant to any of the other Transaction Documents or any Purchaser enforces or exercises its rights hereunder or thereunder, and such payment or
payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise
restored to the Company or any Subsidiary by a trustee, receiver or any other person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such
restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred. 

6.17 Further Assurances. Each party shall do and perform, or cause to be done and performed, all such further acts and things, and
shall execute and deliver all such other agreements, certificates, instruments and documents, as any other party may reasonably request in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the
transactions contemplated hereby. 
 6.18 Construction. The parties agree that each of them and/or their respective
counsel has reviewed and had an opportunity to revise the Transaction Documents and, therefore, the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the
interpretation of the Transaction Documents or any amendments hereto. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE
PAGES FOLLOW] 

  
 - 15 -

 IN WITNESS WHEREOF, each Purchaser and the Company have caused their respective
signature page to this Agreement to be duly executed as of the date first written above. 
  

			
	COMPANY:
	
	DIALOGIC INC. 
		
	By:	 	 /s/ Anthony Housefather

		 	 Name: Anthony Housefather

Title: EVP Corporate Affairs and General Counsel

  
 - 16 -

 IN WITNESS WHEREOF, each Purchaser and the Company have caused their respective
signature page to this Agreement to be duly executed as of the date first written above. 
  

					
	SPECIAL VALUE EXPANSION FUND, LLC
		
	By:	 	Tennenbaum Capital Partners, LLC
	Its:	 	Investment Manager
		
	By:	 	             /s/ Rajneesh
Vig

		 	Name:	 	Rajneesh Vig
		 	Title:	 	Managing Partner
	
	SPECIAL VALUE OPPORTUNITIES FUND, LLC 
		
	By:	 	Tennenbaum Capital Partners, LLC
	Its:	 	Investment Manager
		
	By:	 	             /s/ Rajneesh
Vig

		 	Name:	 	Rajneesh Vig
		 	Title:	 	Managing Partner
	
	TENNENBAUM OPPORTUNITIES PARTNERS V, LP 
		
	By:	 	Tennenbaum Capital Partners, LLC
	Its:	 	Investment Manager
		
	By:	 	             /s/ Rajneesh
Vig

		 	Name:	 	Rajneesh Vig
		 	Title:	 	Managing Partner

 SCHEDULE OF PURCHASERS 

 

							
	(1)	  	(2)	  	(3)	  	(4)
	Purchaser	  	Address and Facsimile Number	  	Number of
Warrant Shares	  	 Legal Representative’s

Address and Facsimile Number

				
	Special Value Expansion Fund, LLC	  	 2951
28th Street, Suite 1000

Santa Monica, CA 90405
 Attention: Raj Vig and
General Counsel
 Email: raj.vig@tennenbaumcapital.com
	  	2,492,582	  	 Schulte Roth & Zabel LLP

919 Third Avenue
 New York, New York
10022
 Attention: Eleazer Klein, Esq.

Facsimile: (212) 593-5955
 Telephone:(212)
756-2000

				
	Special Value Opportunities Fund, LLC	  	 2951
28th Street, Suite 1000

Santa Monica, CA 90405
 Attention: Raj Vig and
General Counsel
 Email: raj.vig@tennenbaumcapital.com
	  	5,907,418	  	 Schulte Roth & Zabel LLP

919 Third Avenue
 New York, New York
10022
 Attention: Eleazer Klein, Esq.

Facsimile: (212) 593-5955
 Telephone:(212)
756-2000

				
	Tennenbaum Opportunities Partners V, LP	  	 2951
28th Street, Suite 1000

Santa Monica, CA 90405
 Attention: Raj Vig and
General Counsel
 Email: raj.vig@tennenbaumcapital.com
	  	9,600,000	  	 Schulte Roth & Zabel LLP

919 Third Avenue
 New York, New York
10022
 Attention: Eleazer Klein, Esq.

Facsimile: (212) 593-5955
 Telephone:(212)
756-2000

 Schedule 3.1(l) 
 Special Value Opportunities Fund, LLC 
 Tennenbaum Opportunities Partners V, LP 

Special Value Expansion Fund, LLC 
 Eicon
Dialogic Investment SRL 
 APS KBUS 17 NR 2101 
 GW Invest ApS 
 Pierre McMaster

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00204-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00204-of-00352.parquet"}]]