Document:

AMENDMENT AGREEMENT NO. 4 TO REGISTRATION
RIGHTS AGREEMENT

 

This Fourth Amendment
Agreement (this “Fourth Amendment Agreement”) is entered into as of November 2, 2016, by and between Great Basin
Scientific, Inc., a Delaware corporation (the “Company”), and the undersigned holder (the “Holder”)
which is one of the investors listed on the Schedule of Buyers (“Schedule of Buyers”) attached to that certain
Securities Purchase Agreement between the Company and all of the investors listed on the Schedule of Buyers (the “Buyers”)
dated December 28, 2015 (the “SPA”) with reference to the following facts:

 

A.       On
December 28, 2015, the Company and the Buyers (as defined in the Registration Rights Agreement) entered into the SPA in relation
to the issuance and sale by the Company and purchase by the Holders of: (i) that aggregate principal amount of senior secured convertible
notes of the Company, in substantially the form attached to the SPA as Exhibit A (the “Notes”), set forth
opposite such Buyer's name in column (3) on the Schedule of Buyers (which aggregate principal amount of Notes for all Buyers was
$22,100,000) and (ii) related Series D Warrants, in substantially the form attached to the SPA as Exhibit B (the “Warrants”),
representing the right to acquire that number of shares of common stock of the Company, par value $0.0001 (“Common Stock”),
set forth opposite such Buyer's name in column (4) on the Schedule of Buyers (as exercised, collectively, the “Warrant
Shares”), which totaled in the aggregate 3,503,116 Warrant Shares.

 

B.       The
issuance of the Notes and the Warrants occurred at a closing on December 30, 2015 (the “Closing Date”).

 

C.       In
accordance with the terms of the SPA, the Company agreed to provide certain registration rights under the United States Securities
Act of 1933, as amended and the rules and regulations thereunder pursuant to the Registration Rights Agreement by and between the
Company and each of the Buyers (the “Original Registration Rights Agreement”) entered into December 30, 2015.

 

D.       On
February 16, 2016, the Company and certain of the Buyers holding enough of the Notes and Warrants to constitute the Required Holders
under Section 9(e) of the SPA and Section 10 of the Registration Rights Agreement entered into Amendment Agreement
No.1 to the Original Registration Rights Agreement (the “First Amendment Agreement”), whereby the Company and
the Buyers agreed to, among other things, to redefine the term “Initial Filing Deadline” as “February
29, 2016” and redefine “Initial Effectiveness Deadline” as “the date which is the earlier of (x) (i) in
the event that the Initial Registration Statement is not subject to a review by the SEC, March 30, 2016 or (ii) in the event
that the Initial Registration Statement is subject to a review by the SEC, April 14, 2016 and (y) the fifth (5th) Business
Day after the date the Company is notified (orally or in writing, whichever is earlier) by the SEC that such Initial Registration
Statement will not be reviewed or will not be subject to further review; provided, however, that if the Initial Effectiveness Deadline
falls on a Saturday, Sunday or other day that the SEC is closed for business, the Initial Effectiveness Deadline shall be extended
to the next Business Day on which the SEC is open for business.”

 

     

     

    

 

E.       On
February 29, 2016, the Company and certain of the Buyers holding enough of the Notes and Warrant to constitute the Required Holders
under Section 9(e) of the SPA and Section 10 of the Registration Rights Agreement entered into Amendment No. 2 to the Original
Registration Rights Agreement (the “Second Amendment Agreement”), whereby the Company and the Buyers agreed
to extend the deadline for filing the initial registration statement required thereunder registering shares of common stock issuable
upon conversion of the Notes and exercise of the Warrants to March 1, 2016.

 

F.       On
May 11, 2016, the Company and certain of the Buyers holding enough of the Notes and Warrants to constitute the Required Holders
under Section 10 of the Registration Rights Agreement entered into Amendment Agreement No. 3 to the Registration Rights Agreement
(the “Third Amendment Agreement”). In the Third Amendment Agreement, the Company and the Buyers agreed to extend
the deadline for bringing the initial registration statement effective registering our shares of common stock issuable upon conversion
of the Notes and exercise of the Warrants to the date which is the earlier of May 31, 2016 and the fifth (5th) business day after
the date the Company is notified (orally or in writing, whichever is earlier) by the SEC that such initial registration statement
will not be subject to further review.

 

G.       On
June 29, 2016, the Company and certain of the Buyers holding enough of the Notes and Warrants to constitute the Required Holders
under Section 10 of the Registration Rights Agreement entered into a waiver agreement (the “Waiver Agreement”,
together with the Original Registration Rights Agreement, the First Amendment Agreement, the Second Amendment Agreement and the
Third Amendment Agreement, the “Registration Rights Agreement”), pursuant to which the Buyers waived (i) any
breach prior to and including June 29, 2016 under Section 2(a) of the Registration Rights Agreement for the Company’s failure
to have the initial registration statement brought effective by the initial effectiveness deadline, (ii) any right to Registration
Delay Payments (as defined under the Registration Rights Agreement) prior to and including June 29, 2016 for failure to meet its
obligations under Section 2(a), and (iii) compliance with the registration requirements of Section 2(a) from and including June
29, 2016, through August 31, 2016.

 

H.       The
Company desires to further amend the definition of “Initial Effectiveness Deadline” in the Registration Rights
Agreement.

 

I.         In
compliance with Section 10 of the Registration Rights Agreement, this Fourth Amendment Agreement shall only be effective upon the
execution and delivery of this Fourth Amendment Agreement and agreements in form and substance identical to this Fourth Amendment
Agreement (the “Other Fourth Amendment Agreements”) by other holders of Registrable Securities (as defined in
the SPA) (each an “Other Holder”) representing on the Closing Date at least fifty-one percent (51%) of the aggregate
number of Registrable Securities issued or issuable under the Cash Notes and Cash Warrants issued on the Closing Date and shall
include Hudson Bay so long as Hudson Bay and/or any of its affiliates collectively hold at least five percent (5%) of the Registrable
Securities, in the aggregate (the “Required Holders”) (such time, the “Effective Time”).

 

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NOW, THEREFORE, in consideration
of the premises set forth above, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
the parties hereto hereby agree as follows:

 

1.       Initial
Effectiveness Deadline. Section 1(x) of the Registration Rights Agreement is amended such that “Initial Effectiveness
Deadline” is now defined as “the date which is the earlier of (x) (i) March 1, 2017 and (y) the
fifth (5th) Business Day after the date the Company is notified (orally or in writing, whichever is earlier) by
the SEC that such Initial Registration Statement will not be subject to further review; provided, however, that if the Initial
Effectiveness Deadline falls on a Saturday, Sunday or other day that the SEC is closed for business, the Initial Effectiveness
Deadline shall be extended to the next Business Day on which the SEC is open for business.”

2.       Waiver.
The Holder hereby waives, with the intention that upon the satisfaction of the requirements of Section 10 of the Registration Rights
Agreement such waiver will be binding for all Other Holders: (i) any breach of the Registration Rights Agreement prior to the date
hereof under Section 2(a) of the Registration Rights Agreement for the Company’s failure to have the Initial Registration
Statement brought effective by the Initial Effectiveness Deadline, prior to this Fourth Amendment Agreement and (ii) the Holder’s
right to Registration Delay Payments (as defined under the Registration Rights Agreement) prior to the date hereof for the Company’s
failure to have the Initial Registration Statement brought effective by the Initial Effectiveness Deadline.

 

3.       Acknowledgments.
The Company hereby confirms and agrees that (i) except with respect to the amendment set forth in Section 1 above as of the Effective
Time, the Registration Rights Agreement shall continue to be, in full force and effect; (ii) the execution, delivery and effectiveness
of this Fourth Amendment Agreement shall not operate as an amendment of any right, power or remedy of the Holder except to the
extent set forth herein. As of the Effective Time, the Registration Rights Agreement will be deemed to be fully amended and restated
to reflect the amendment set forth in Section 1 above.

 

4.       Fees
And Expenses. . Each party to this Fourth Amendment Agreement shall bear its own expenses in connection with the transactions
contemplated hereby.

 

5.       No
Material, Nonpublic Information. The Company hereby agrees and acknowledges that the transactions contemplated by this Fourth
Amendment Agreement do not constitute material, nonpublic information of the Company or any of its Subsidiaries and that any and
all confidentiality or similar obligations under any agreement, whether written or oral, between the Company, any of its Subsidiaries
or any of their respective officers, directors, affiliates, employees or agents, on the one hand, and each Holder or any of its
affiliates, on the other hand, have terminated prior to the date hereof. The Company shall not, and shall cause each of its Subsidiaries
and its and each of their respective officers, directors, affiliates, employees and agents, not to, provide any Holder with any
material, nonpublic information regarding the Company or any of its Subsidiaries from and after the date hereof without the express
prior written consent of such Holder. To the extent that the Company, any of its Subsidiaries or any of their respective officers,
directors, affiliates employees or agents delivers any material, non-public information to any Holder without such Holder’s
consent, the Company hereby covenants and agrees that such Holder shall not have any duty of confidentiality to the Company, any
of its Subsidiaries or any of their respective officers, directors, affiliates, employees or agents with respect to, or a duty
to the Company, any of its Subsidiaries or any of their respective officers, directors, affiliates, employees or agents not to
trade on the basis of, such material, non-public information. The Company understands and confirms that the Holder will rely on
the foregoing representations in effecting transactions in securities of the Company.

 

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6.       Independent
Nature of Holder Obligations and Rights. The obligations of the Holder under this Fourth Amendment Agreement are several and
not joint with the obligations of any Other Holder, and the Holder shall not be responsible in any way for the performance of the
obligations of any Other Holder under any Other Fourth Amendment Agreement. Nothing contained herein or in any Other Fourth Amendment
Agreement, and no action taken by the Holder pursuant hereto, shall be deemed to constitute the Holder and Other Holders as a partnership,
an association, a joint venture or any other kind of entity, or create a presumption that the Holder and Other Holders are in any
way acting in concert or as a group with respect to such obligations or the transactions contemplated by this Fourth Amendment
Agreement or any Other Fourth Amendment Agreement and the Company acknowledges that the Holders are not acting in concert or as
a group with respect to such obligations or the transactions contemplated by this Fourth Amendment Agreement or any Other Fourth
Amendment Agreement. The Company and the Holder confirm that the Holder has independently participated in the negotiation of the
transactions contemplated hereby with the advice of its own counsel and advisors. The Holder shall be entitled to independently
protect and enforce its rights, including, without limitation, the rights arising out of this Fourth Amendment Agreement or, any
Other Fourth Amendment Agreement, and it shall not be necessary for any Other Holder to be joined as an additional party in any
proceeding for such purpose.

 

7.       No
Third Party Beneficiaries. This Fourth Amendment Agreement is intended for the benefit of the parties hereto and their respective
permitted successors and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other Person.

 

8.       Counterparts.
This Fourth Amendment Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts,
each of which when so executed and delivered shall be deemed to be an original and all of which taken together shall constitute
but one and the same instrument. In the event that any signature is delivered by facsimile transmission or by an e-mail which contains
a portable document format (.pdf) file 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) with the same force and effect as if such signature page
were an original thereof.

 

9.       No
Strict Construction. The language used in this Fourth Amendment 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.

 

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10.       Headings.
The headings of this Fourth Amendment Agreement are for convenience of reference and shall not form part of, or affect the interpretation
of, this Fourth Amendment Agreement.

 

11.       Severability.
If any provision of this Fourth Amendment 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 Fourth Amendment Agreement so long as this Fourth Amendment
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).

 

12.       Amendments.
No provision of this Fourth Amendment Agreement may be amended other than by an instrument in writing signed by the Company and
the Required Holders.

 

13.       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 the other party may reasonably request
in order to carry out the intent and accomplish the purposes of this Fourth Amendment Agreement and the consummation of the transactions
contemplated hereby.

 

14.       Notice.
Whenever notice is required to be given under this Fourth Amendment Agreement, unless otherwise provided herein, such notice shall
be given in accordance with Section 9(f) of the SPA.

 

15.       Successors
and Assigns. This Fourth Amendment Agreement shall be binding upon and inure to the benefit of the parties and their respective
successors and assigns.

 

16.       Capitalized
Terms. Capitalized terms used herein and not otherwise defined herein shall have the respective meaning set forth in the Registration
Rights Agreement.

 

17.       Governing
Law; Jurisdiction; Jury Trial. All questions concerning the construction, validity, enforcement and interpretation of this
Fourth Amendment Agreement shall be governed by the internal laws of the State of New York, without giving effect to any choice
of law or conflict of law provision or rule (whether of the State of New York or any other jurisdictions) that would cause the
application of the laws of any jurisdictions other than the State of New York. Each party 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, and hereby irrevocably
waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction
of any such court, that such suit, action or proceeding is brought in an inconvenient forum or that the venue of such suit, action
or proceeding is improper. Each party hereby irrevocably waives personal service of process and consents to process being served
in any such suit, action or proceeding by mailing a copy thereof to such party at the address for such notices to it under this
Fourth Amendment 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, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE
HEREUNDER OR IN CONNECTION WITH OR ARISING OUT OF THIS FOURTH AMENDMENT AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY.

 

[Signature Pages Follow]

 

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

 

	 	COMPANY:
	 	 
	 	GREAT BASIN SCIENTIFIC, INC.
	 	 	 
	 	 	
	 	By:	

	 	 	Name: Jeffrey Rona
	 	 	Title: CFO
	 	 	 

 

    
[Signature Page to Fourth Registration Rights Amendment Agreement]

     

    

 

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

 

	 	
        HOLDER: 

	 	 
	 	 
	 	By:	

	 	 	Name:  
	 	 	Title:  
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

    
[Signature Page to Fourth Registration Rights Amendment Agreement]Exhibit

[Execution Version]

AMENDMENT NO. 2 TO CREDIT AGREEMENT, WAIVER AND CONSENT

THIS AMENDMENT NO. 2 TO CREDIT AGREEMENT, WAIVER AND CONSENT (this “Amendment”) is made as of September 16, 2016 (the “First Amendment Effective Date”) by and among CDI CORP. (the “Company” or the “Lead Borrower”), CDI CORPORATION (the “U.S. Subsidiary”), CDI ANDERSELITE LIMITED (the “U.K. Subsidiary”), CDI PROFESSIONAL SERVICES, LTD. (the “Canadian Subsidiary”), the other Borrowers (as defined in the Credit Agreement referred to below) party hereto, the Lenders (as defined in the Credit Agreement referred to below) party hereto and BANK OF AMERICA, N.A., in its capacity as administrative agent for the Lenders (“Administrative Agent”).
W I T N E S S E T H:
WHEREAS, Borrowers, Lenders and Administrative Agent have entered into a Credit Agreement, dated as of October 30, 2015 (as amended, restated, renewed, extended, substituted, modified and otherwise supplemented from time to time, the “Credit Agreement”), and certain other Loan Documents (as defined in the Credit Agreement);
WHEREAS, the Company has advised Administrative Agent and the Lenders that (a) the U.S. Subsidiary intends to (a) enter into an Agreement for the Sale and Purchase of CDI AndersElite Limited, substantially in the form of Exhibit A hereto (with such changes thereto as are reasonably acceptable to Administrative Agent, the “Purchase Agreement”), with AndersElite Holdings Limited (“Purchaser”), pursuant to which the U.S. Subsidiary shall sell to Purchaser, and Purchaser shall buy from the U.S. Subsidiary, all of the Equity Interests of the U.K. Subsidiary, as further described in the Purchase Agreement (the “U.K. Subsidiary Sale”) and (b) the Company intends to terminate the U.K. Facility (as defined in the Credit Agreement);
WHEREAS, without the consent of the Administrative Agent and the Lenders, the U.K. Subsidiary Sale would be prohibited by certain provisions of the Credit Agreement and, accordingly, Borrowers have requested that Administrative Agent and Lenders consent to and waive any provisions of the Credit Agreement that may prohibit or be violated by the U.K. Subsidiary Sale;
WHEREAS, Borrowers have requested that Administrative Agent and Lenders agree to amend certain provisions of the Credit Agreement, and Administrative Agent and Lenders are willing to do so, subject to the terms and conditions set forth herein;
NOW, THEREFORE, in consideration of the foregoing, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows:
SECTION 1.   DEFINITIONS.
Capitalized terms used and not defined in this Amendment shall have the respective meanings given them in the Credit Agreement.
SECTION 2.       ACKNOWLEDGMENTS.
2.1    Acknowledgment of Obligations. Each Borrower hereby acknowledges, confirms and agrees that as of September 16, 2016, in accordance with the terms of the Credit Agreement (a) the Company, the U.S. Borrowers and each Designated Borrower that is a Domestic Subsidiary are jointly and severally indebted to Administrative Agent and Lenders in respect of the U.S. Revolving Loans in the 

4517642.6

principal amount of $20,000,000 and in respect of Letters of Credit under the U.S. Facility in the amount of $ 3,266,455.25, and (b) each of the U.K. Borrowers, Canadian Borrowers, each Designated Borrower that is a Foreign Subsidiary, each Foreign Subsidiary Guarantor, the Company, the U.S. Borrowers and each Designated Borrower that is a Domestic Subsidiary are jointly and severally indebted to Administrative Agent and Lenders in respect of the U.K. Revolving Loans and the Canadian Revolving Loans in the aggregate principal amount of £700,000 and in respect of Letters of Credit under the U.K. Facility and the Canadian Facility in the aggregate amount of $-0-.  All such amounts, together with interest accrued and accruing thereon, and fees, costs, expenses and other charges now or hereafter payable by each Borrower to Administrative Agent and Lenders, are unconditionally owing by such Borrower to Administrative Agent and Lenders in accordance with the terms of the Loan Documents, without offset, defense or counterclaim of any kind, nature or description whatsoever.
2.2    Acknowledgment of Security Interests. Each Borrower hereby acknowledges, confirms and agrees that Administrative Agent, for the benefit of Secured Parties, has and shall continue to have valid, enforceable and perfected first priority Liens, subject to Permitted Liens, upon and security interests in the Collateral of such Borrower heretofore granted to Administrative Agent, for the benefit of Secured Parties, pursuant to the Loan Documents or otherwise granted to or held by Administrative Agent, for the benefit of Secured Parties, and upon and in which Administrative Agent, for the benefit of Secured Parties, presently has perfected first priority Liens and security interests subject to Permitted Liens.
2.3    Binding Effect of Documents. Each Borrower hereby acknowledges, confirms and agrees that: (a) each of the Loan Documents to which it is a party has been duly executed and delivered, and each is in full force and effect as of the date hereof, (b) the agreements and obligations of such Borrower contained in the Loan Documents and in this Amendment constitute the legal, valid and binding obligations of such Borrower, enforceable against it in accordance with their respective terms, and such Borrower has no valid defense to the enforcement of such obligations, except as limited by applicable bankruptcy, insolvency, reorganization, moratorium, or similar Laws affecting the rights of creditors generally and to the effect of general principles of equity whether applied by a court of law or equity, and (c) Administrative Agent and Lenders are and shall be entitled to the rights, remedies and benefits provided for in the Loan Documents and applicable Laws.
SECTION 3.       WAIVER AND CONSENT IN RESPECT OF THE U.K. SUBSIDIARY SALE.
3.1    Borrowers have requested that Administrative Agent and the Lenders (a) waive the application of any provisions of the Credit Agreement that may prohibit or be violated by the U.K. Subsidiary Sale, including, without limitation, Sections 7.04 and 7.05 of the Credit Agreement, to the extent applicable, and each other provision of the Credit Agreement and each other Loan Document that may prohibit or be violated by the U.K. Subsidiary Sale and (b) consent to the U.K. Subsidiary Sale.
3.2    Subject to the terms and conditions set forth herein, Administrative Agent and the Lenders hereby (a) waive the application of Sections 7.04 and 7.05 of the Credit Agreement, to the extent applicable, and each other provision of the Credit Agreement and each other Loan Document that may prohibit or be violated by the U.K. Subsidiary Sale and (b) consent to the U.K. Subsidiary Sale, in each case strictly in accordance with the terms of the Purchase Agreement.
SECTION 4.       AMENDMENTS TO CREDIT AGREEMENT.  
4.1    The Credit Agreement is hereby amended to delete the red stricken text (indicated textually in the same manner as the following example:  stricken text) and to add the blue, bold and double-underlined text (indicated textually in the same manner as the following example:  double-

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underlined text) as set forth on the pages of the Credit Agreement attached as Exhibit B hereto. For the avoidance of doubt, the U.K. Facility is hereby terminated and all references thereto in the Credit Agreement and the other Loan Documents are hereby deleted.
SECTION 5.       REPRESENTATIONS, WARRANTIES AND COVENANTS.
Each Borrower hereby represents, warrants and covenants with and to Administrative Agent and Lenders as follows:
5.1    Authorization.  
(a)    Each Borrower has the corporate or limited liability company power and authority to execute, deliver and perform this Amendment and, in the case of the Borrowers, to obtain the extensions and increases of credit under the Credit Agreement as amended by this Amendment (the “Amended Credit Agreement”).
(b)    No consent or authorization of, filing with, notice to or other act by, or in respect of, any Governmental Authority or any other Person is required to be obtained by the Loan Parties in connection with this Amendment, except consents, authorizations, filings, acts and notices which have been obtained, taken or made and are in full force and effect.
(c)    This Amendment has been duly executed and delivered on behalf of each Borrower that is a party hereto. This Amendment and the Amended Credit Agreement constitute the legal, valid and binding obligations of the Borrowers and the other Loan Parties and are enforceable against the Borrowers and the other Loan Parties in accordance with their terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other Laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.
5.2    Representations in Loan Documents. Each of the representations and warranties made by or on behalf of such Borrower to Administrative Agent and Lenders in any of the Loan Documents was true and correct in all material respects when made (except for those representations and warranties that were already qualified by concepts of materiality or by express thresholds, which representations and warranties shall be true and correct in all respects) and is true and correct in all material respects on and as of the date of this Amendment with the same full force and effect as if each of such representations and warranties had been made by or on behalf of such Borrower on the date hereof and in this Amendment (other than such representations and warranties that relate solely to a specific prior date).
5.3    Binding Effect of Documents. This Amendment and the other Loan Documents have been duly executed and delivered to the Administrative Agent and Lenders by such Borrower and are in full force and effect, as modified hereby.
5.4    No Conflict, Etc. The execution, delivery and performance of this Amendment by such Borrower will not violate or cause a default under any applicable Law or Contractual Obligation of such Borrower and will not result in, or require, the creation or imposition of any Lien on any of its properties or revenues, other than Permitted Liens.
5.5    No Default or Event of Default. No Default or Event of Default exists immediately prior to the execution of this Amendment and no Default or Event of Default will exist immediately after the execution of this Amendment and the other documents, instruments and agreements executed and delivered in connection herewith.

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5.6    Additional Events of Default. Any misrepresentation by such Borrower, or any failure of such Borrower to comply with the covenants, conditions and agreements contained in any Loan Document, herein or in any other document, instrument or agreement at any time executed and/or delivered by such Borrower with, to or in favor of Administrative Agent and/or Lenders shall, subject to the terms and provisions of the Credit Agreement and the other Loan Documents, constitute an Event of Default hereunder, under the Credit Agreement and the other Loan Documents.
SECTION 6.       CONDITIONS PRECEDENT.
6.1    The effectiveness of the terms and provisions of this Amendment shall be subject to:
(a)    the receipt by Administrative Agent of: (i) this Amendment, in form and substance satisfactory to Administrative Agent in its sole discretion, duly authorized, executed and delivered by each Borrower, each Lender and Administrative Agent; (ii) a true, correct and complete copy of the Purchase Agreement (and all exhibits and schedules thereto) and such other agreements, documents and instruments relating to the U.K. Subsidiary Sale as Administrative Agent may reasonably request; (iii) an updated Borrowing Base Certificate under Section 6.01(e) that gives pro forma effect to the U.K. Subsidiary Sale; (iv) a duly executed Note made payable to Bank of America, N.A. in the principal amount of $63,000,000, issued in renewal and substitution of Borrowers’ existing $57,166,667 Note made payable to Bank of America, N.A.; and (v) a duly executed Note made payable to Bank of Montreal in the principal amount of $45,000,000, issued in renewal and substitution of Borrowers’ existing $40,833,333 Note made payable to Bank of Montreal;
(b)    repayment in full of the Obligations under the U.K. Facility of the U.K. Borrowers, Canadian Borrowers, each Designated Borrower that is a Foreign Subsidiary, each Foreign Subsidiary Guarantor, the Company, the U.S. Borrowers and each Designated Borrower that is a Domestic Subsidiary, the amount of such Obligations being £700,234.83 plus £29.14 for every Business Day after September 16, 2016 until the funds are received (collectively, the “Release Price”); and
(c)    immediately prior and upon giving effect to the consummation of the U.K. Subsidiary Sale, no Default or Event of Default shall then exist.
6.2    Notwithstanding anything to the contrary contained herein, the parties agree that, if the Release Price has not been received by the Administrative Agent prior to the close of business (New York time) on the date falling five Business Days after the date hereof, this Amendment and any instrument, document or agreement executed and/or delivered in connection with this Amendment shall cease to be effective at that time.
SECTION 7.       RELEASE OF UK SUBSIDIARY AS LOAN PARTY; RELEASE OF LIEN ON UK COLLATERAL.
7.1    Subject to the terms and conditions of this Amendment, Administrative Agent and Lenders hereby agree, upon compliance with the conditions set forth in Section 6, to release and discharge all liens and security interests held by Administrative Agent, on behalf of itself and the Lenders, on all U.K. Collateral (as defined in the Credit Agreement) and the release of U.K. Subsidiary and CDI Corporation (International) Limited as Loan Parties. 
SECTION 8.       PROVISIONS OF GENERAL APPLICATION.
8.1    Effect of this Amendment. Except as modified pursuant hereto, and pursuant to the other documents, instruments and agreements executed and delivered in connection herewith, no other 

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changes or modifications to the Loan Documents are intended or implied and in all other respects the Loan Documents are hereby specifically ratified, restated and confirmed by all parties hereto as of the effective date hereof. To the extent of conflict between the terms of this Amendment and the other Loan Documents, the terms of this Amendment shall control. Any Loan Document amended hereby shall be read and construed with this Amendment as one agreement.
8.2    Costs and Expenses. Borrowers absolutely and unconditionally agree to pay to Administrative Agent, on demand by Administrative Agent at any time and as often as the occasion therefor may require, whether or not all or any of the transactions contemplated by this Amendment are consummated: all reasonable fees and disbursements of any counsel to Administrative Agent in connection with the preparation, negotiation, execution, or delivery of this Amendment and any agreements delivered in connection with the transactions contemplated hereby; and all reasonable out-of-pocket expenses which shall at any time be incurred or sustained by Administrative Agent or its directors, officers, employees or agents as a consequence of or in any way in connection with the preparation, negotiation, execution, or delivery of this Amendment and any agreements prepared, negotiated, executed or delivered in connection with the transactions contemplated hereby.
8.3    No Third Party Beneficiaries. The terms and provisions of this Amendment shall be for the benefit of the parties hereto and their respective successors and assigns; no other person, firm, entity or corporation shall have any right, benefit or interest under this Amendment.
8.4    Further Assurances. The parties hereto shall execute and deliver such additional documents and take such additional action as may be reasonably necessary or desirable to effectuate the provisions and purposes of this Amendment.
8.5    Binding Effect. This Amendment shall be binding upon and inure to the benefit of each of the parties hereto and their respective successors and assigns.
8.6    Merger. This Amendment sets forth the entire agreement and understanding of the parties with respect to the matters set forth herein. This Amendment cannot be changed, modified, amended or terminated except in a writing executed by the party to be charged.
8.7    Survival of Representations and Warranties. All representations and warranties made in this Amendment and in any other document furnished in connection with this Amendment shall survive the execution and delivery of this Amendment and the other documents, and no investigation by Administrative Agent or any closing shall affect the representations and warranties or the right of Administrative Agent to rely upon them.
8.8    Severability. Any provision of this Amendment held by a court of competent jurisdiction to be invalid or unenforceable shall not impair or invalidate the remainder of this Amendment.
8.9    Reviewed by Attorneys. Each Borrower represents and warrants to Administrative Agent and Lenders that it (a) understands fully the terms of this Amendment and the consequences of the execution and delivery of this Amendment, (b) has been afforded an opportunity to have this Amendment reviewed by, and to discuss this Amendment and each document executed in connection herewith with, such attorneys and other persons as such Borrower may wish, and (c) has entered into this Amendment and executed and delivered all documents in connection herewith of its own free will and accord and without threat, duress or other coercion of any kind by any Person. The parties hereto acknowledge and agree that neither this Amendment nor the other documents executed pursuant hereto shall be construed more favorably in favor of one than the other based upon which party drafted the same, it being 

5
4517642.6

acknowledged that all parties hereto contributed substantially to the negotiation and preparation of this Amendment and the other documents executed pursuant hereto or in connection herewith.
8.10    Governing Law; Consent to Jurisdiction and Venue.
(a)    THIS AMENDMENT, UNLESS OTHERWISE SPECIFIED, SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ANY CONFLICT OF LAW PRINCIPLES (BUT GIVING EFFECT TO FEDERAL LAWS RELATING TO NATIONAL BANKS).
(b)    EACH BORROWER HEREBY CONSENTS TO THE NON-EXCLUSIVE JURISDICTION OF ANY FEDERAL OR STATE COURT SITTING IN OR WITH JURISDICTION OVER THE STATE OF NEW YORK, IN ANY PROCEEDING OR DISPUTE RELATING IN ANY WAY HERETO, AND AGREES THAT ANY SUCH PROCEEDING SHALL BE BROUGHT BY IT SOLELY IN ANY SUCH COURT. EACH BORROWER IRREVOCABLY WAIVES ALL CLAIMS, OBJECTIONS AND DEFENSES THAT IT MAY HAVE REGARDING SUCH COURT’S PERSONAL OR SUBJECT MATTER JURISDICTION, VENUE OR INCONVENIENT FORUM. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 10.02 OF THE CREDIT AGREEMENT. Nothing herein shall limit the right of Administrative Agent or any Lender to bring proceedings against any Obligor in any other court, nor limit the right of any party to serve process in any other manner permitted by applicable Law. Nothing in this Amendment shall be deemed to preclude enforcement by Administrative Agent of any judgment or order obtained in any forum or jurisdiction.
8.11    Waiver of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AMENDMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY).  EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AMENDMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. Each Borrower acknowledges that the foregoing waivers are a material inducement to Administrative Agent and Lenders entering into this Amendment and that Administrative Agent and Lenders are relying upon the foregoing in their dealings with Borrowers. Each Borrower has reviewed the foregoing waivers with its legal counsel and has knowingly and voluntarily waived its jury trial and other rights following consultation with legal counsel. In the event of litigation, this Amendment may be filed as a written consent to a trial by the court.
8.12    Counterparts. This Amendment may be executed in one or more counterparts, each of which shall constitute but one and the same Amendment. In making proof of this Amendment, it shall not be necessary to produce or account for more than one counterpart thereof signed by each of the parties hereto. Delivery of an executed counterpart of this Amendment electronically or by facsimile shall be effective as delivery of an original executed counterpart of this Amendment.

[Signature page follows]

6
4517642.6

IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment as of the date first written above.
	
		
	CDI CORP.

	By:
	/s/ Michael S. Castleman

	Name:
	Michael S. Castleman

	Title:
	Executive Vice President and Chief Financial Officer

	
		
	CDI CORPORATION

	By:
	/s/ Michael S. Castleman

	Name:
	Michael S. Castleman

	Title:
	Executive Vice President and Chief Financial Officer

	
		
	CDI-INFRASTRUCTURE, LLC

	By:
	/s/ Michael S. Castleman

	Name:
	Michael S. Castleman

	Title:
	Vice President

	
		
	CDI MARINE COMPANY, LLC

	By:
	/s/ Michael S. Castleman

	Name:
	Michael S. Castleman

	Title:
	Vice President

	
		
	MANAGEMENT RECRUITERS 

	INTERNATIONAL, INC.

	By:
	/s/ Michael S. Castleman

	Name:
	Michael S. Castleman

	Title:
	Vice President

	
		
	MRI CONTRACT STAFFING, INC.

	By:
	/s/ Michael S. Castleman

	Name:
	Michael S. Castleman

	Title:
	Vice President

                                                                                                                                                                          [Signature Page to Amendment No. 2]

	
		
	CDI-M&T COMPANY, LLC

	By:
	/s/ Brian D. Short

	Name:
	Brian D. Short

	Title:
	Vice President

	
		
	EDGEROCK TECHNOLOGIES, LLC

	By:
	/s/ Michael S. Castleman

	Name:
	Michael S. Castleman

	Title:
	Vice President

	
		
	CDI ANDERSELITE LIMITED

	By:
	/s/ Brian D. Short

	Name:
	Brian D. Short

	Title:
	Director

	
		
	CDI CORPORATION (INTERNATIONAL) LIMITED

	By:
	/s/ Michael S. Castleman

	Name:
	Michael S. Castleman

	Title:
	Director

	
		
	CDI PROFESSIONAL SERVICES, LTD.

	By:
	/s/ Michael S. Castleman

	Name:
	Michael S. Castleman

	Title:
	Vice President

	
		
	MRI CONTRACT STAFFING – CANADA, LTD.

	By:
	/s/ Michael S. Castleman

	Name:
	Michael S. Castleman

	Title:
	Vice President

                                                                                                                                                                          [Signature Page to Amendment No. 2]

	
		
	BANK OF AMERICA, N.A., as  
Administrative Agent

	By:
	/s/ Kevin W. Corcoran, V.P.

	Name:
	Kevin W. Corcoran

	Title:
	Vice President

	
		
	BANK OF AMERICA, N.A., as a Lender, L/C Issuer    and Swing Line Lender

	By:
	/s/ Kevin W. Corcoran, V.P.

	Name:
	Kevin W. Corcoran

	Title:
	Vice President

	
		
	BANK OF AMERICA, N.A. (acting through its     Canada branch), as a Canadian Lender, L/C Issuer and Swing Line Lender

	By:
	/s/ Sylwia Durkiewicz

	Name:
	Sylwia Durkiewicz

	Title:
	Vice President

                                                                                                                                                                          [Signature Page to Amendment No. 2]

	
		
	WELLS FARGO BANK, NATIONAL   ASSOCIATION, as a Lender

	By:
	/s/ Krista Mize

	Name:
	Krista Mize

	Title:
	Authorized Signatory

	
		
	WELLS FARGO CAPITAL FINANCE CORPORATION CANADA, as a Lender

	By:
	/s/ David G. Philips

	Name:
	David G. Philips

	Title:
	Senior Vice President, Credit Officer Canada

	 
	Wells Fargo Capital Finance Corporation Canada

	
		
	WELLS FARGO BANK, NATIONAL   ASSOCIATION, London Branch, as a Lender

	By:
	/s/ N.B. Hogg

	Name:
	N. B. Hogg

	Title:
	Authorized Signatory

                                                                                                                                                                          [Signature Page to Amendment No. 2]

	
		
	BANK OF MONTREAL, as a Lender

	By:
	/s/ Helen Alvarez

	Name:
	Helen Alvarez

	Title:
	Director

	
		
	BANK OF MONTREAL, Chicago, as a Lender

	By:
	/s/ Jason Hoefler

	Name:
	Jason Hoefler

	Title:
	Director

	
			
	BANK OF MONTREAL, London, as a Lender

	By:
	/s/ Tony Ebdon
	/s/ Andy McClinton

	Name:
	Tony Ebdon
	Andy McClinton

	Title:
	Managing Director
	Managing Director

                                                                                                                                                                          [Signature Page to Amendment No. 2]

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