Document:

EX-10.2

 Exhibit 10.2 
 TENNENBAUM CAPITAL PARTNERS, LLC 
 May 20, 20l3 

Via Facsimile and Overnight Carrier 
 Dialogic
Inc. and 
 Dialogic Corporation 
 6700
Cote De Liesse, Suite 100 
 Saint-Laurent, Quebec 
 H4T 2B5 Canada 
 Montreal, Quebec, Canada H4M2V9 

Attention: Anthony Housefather, EVP Corporate Affairs and General Counsel 
 Re:    Waiver 
 Gentlemen: 

Reference is hereby made to that certain Third Amended and Restated Credit Agreement by and among Dialogic Corporation, a British
Columbia corporation (the “Company”), Dialogic lnc., a Delaware corporation (the “Parent”, and together with the Company, collectively, the “Principal Companies”, and individually a
“Principal Company”), each of the Subsidiary Guarantors signatory thereto, the lenders party thereto (the “Lenders”) and Obsidian, LLC, a Delaware limited liability company, as agent for the Lenders (in such
capacity, the “Agent”), dated as of March 22, 2012 (as amended, supplemented, restated or otherwise modified from time to time, the “Credit Agreement”). Capitalized terms used herein without definition shall have the
meanings set forth in the Credit Agreement. 
 1. Waivers. 
 (a) Compliance with Laws. The Company has informed the Agent and the Lenders that Parent anticipates that it will fail to comply with the provisions of Section 9.5(b) of the Credit
Agreement to make a timely filing of its l0Q form for the period ended March 31, 2013 as it anticipates it will not be able to file the I OQ within the five day extension period that terminates at 5:30 PM on May 20, 2013. And has requested
that the Agent and the Lenders waive the Events of Default that may occur as a result of such noncompliance. Subject to the terms hereof, the Agent and the Required Lenders hereby agree to waive the Events of Default under the Credit Agreement
including under Section 1 l(e) of the Credit Agreement resulting solely from the failure of the Company to timely delivery the 1OQ for the period ended March 31, 2013. 

(b) Financial Reporting Defaults. The Agent and the Lenders waive the requirement to deliver the financial statements for the
Quarter ended March 31, 2013 and the related Compliance Certificate within 45 days as required under Section 7(b) and 7(d), respectively, of the Credit Agreement. 

(c) Certain Notices and Cross-Defaults. The Agent and the Lenders waive any Event of Default under the Credit Agreement including
under Section 1l(c) and (g}, respectively, (i) resulting from the failure to give notice of the matters referred to in the foregoing paragraphs 

  
 2951 28TH
STREET, SUITE 1000, SANTA MONICA, CALIFORNIA 90405 
 TELEPHONE 310.566.1000 FACSIMILE 310.566.1010 

MAILBOX @TENNENBAUMCAPITAL.COM 
 DWT 22007267v2 0088604-000005 

 
(a) and (b) pursuant to Section 7(a) of the Credit Agreement or (ii) resulting from any Event of Default under the Working Capital Agreement arising due to the matters
referred to in this paragraph 1. 
 3. Delivery and Filing of First Quarter Fina ncial Statements and Form 10Q. The Parent hereby
covenants and agrees that it will (a) deliver to Agent the financial statements for the quarter ended March 31, 2013 and the related Compliance Certificate no later than June 30, 2013 and (b) file with the SEC its Form 10Q
relating to the fiscal quarter ended on March 31, 2013 no later than June 30, 2013. Any failure to comply with the foregoing shall constitute an “Event of Default” under the Credit Agreement. 

4. Miscellaneous. 

Except as expressly provided herein, nothing contained herein shall (i) amend, modify or alter any term or condition of the Credit
Agreement or any other Loan Document or (ii) diminish, prejudice or waive any of the Agent’s rights and remedies under the Credit Agreement (including the right to require strict compliance with the terms of the Credit Agreement at any
time hereafter), any other Loan Document or applicable law, and the Agent hereby reserves all of such rights and remedies. This letter agreement shall not excuse future non-compliance with the Credit Agreement and shall not be a practical
construction, course of conduct or course of performance under the Credit Agreement. The Company and the Subsidiary Guarantors hereby acknowledge and reaffirm (i) all of the Loan Parties’ obligations and duties under the Loan Documents and
(ii) that the Agent, for the ratable benefit of the Secured Parties, has and shall continue to have valid, secured Liens in the Collateral. 

  
 2 

 
			
	Very truly yours,
	
	OBSIDIAN, LLC,
		 	 as Agent and Collateral Agent

By: Tennenbaum Capital Partners, LLC
 Its:
Managing Member

  

	
	By: /s/ Howard Levkowitz
	Name: Howard Levkowitz
	Title: Managing Partner

  

	
	SPECIAL VALUE EXPANSION FUND, LLC,
	as a Lender
	By: Tennenbaum Capital Partners, LLC
	Its: Investment Manager
	
	By: /s/ Rajneesh Vig
	Name: Rajneesh Vig
	Title: Managing Partner
	
	SPECIAL VALUE OPPORTUNITIES FUND, LLC,
	as a Lender
	By: Tennenbaum Capital Partners, LLC
	Its: Investment Manager
	
	By: /s/ Rajneesh Vig
	Name: Rajneesh Vig
	Title: Managing Partner
	
	TENNENBAUM OPPORTUNITIES PARTNERS V, LP,
	as a Lender
	By: Tennenbaum Capital Partners, LLC
	Its: Investment Manager
	
	By: /s/ Rajneesh Vig
	Name: Rajneesh Vig
	Title: Managing Partner

 Acknowledged and agreed: 
 DIALOGIC CORPORATION, 
 a British Columbia corporation, as 

the Company 
 By: /s/ Anthony Housefather

 Anthony Housefather 
 EVP Corporate
Affairs and General Counsel 
 DIALOGIC INC., 
 A Delaware corporation, as 
 the Parent 
 By: /s/ Anthony Housefather 
 Anthony Housefather 

EVP Corporate Affairs and General Counsel 

SUBSIDIARY GUARANTORS 
 DIALOGIC
DISTRIBUTION LIMITED 
 (a company organized under the laws of Ireland) 
 SIGNED SEALED AND DELIVERED 
 by Anthony Housefather 

the lawful attorney for and on behalf of 

DIALOGIC DISTRIBUTION LIMITED 
  

	
	 /s/ Anthony Housefather

 Authorized Signatory (Signed by Anthony Housefather) 
 Witness: (Signed) 

 DIALOGIC MANUFACTURING LIMITED 
 (a company organized under the laws of Ireland) 
 SIGNED SEALED AND DELIVERED 

by Anthony 
 the lawful attorney for and on
behalf of 
 DIALOGIC MANUFACTURING LIMITED 
  

			
	 /s/ Anthony Housefather

 Authorized Signatory (Signed by Anthony Housefather) 
 Witness: (Signed) 
 DIALOGIC US HOLDINGS INC., 

a Delaware corporation 
 Authorized Signatory
/s/ Anthony Housefather 
 EVP Corporate Affairs and General Counsel 
 DIALOGIC (US) INC., 
 a Delaware corporation 

Authorized Signatory /s/ Anthony Housefather 

EVP Corporate Affairs and General Counsel 

 CANTATA TECHNOLOGY, INC.,,, 
 a Massachusetts corporation 
 /s/ Anthony Housefather 

EVP Corporate Affairs and General Counsel 

DIALOGIC JAPAN, INC. 
 a Delaware
corporation 
 /s/ Anthony Housefather 

EVP Corporate Affairs and General Counsel 

DIALOGIC NETWORKS (ISRAEL) LTD. 
 a
company organized under the laws of Israel 
 /s/ Anthony Housefather 
 EVP Corporate Affairs and General Counsel 
 DIALOGIC DO BRASIL COMERCIO DE EQUIPAMENTOS PARA

 TELECOMUNCIACAO LTDA, 
 a
company organized under the laws of Brazil 
 /s/ Anthony Housefather 
 EVP Corporate Affairs and General CounselEX-10.3

 Exhibit 10.3 
 CONSENT TO CREDIT AGREEMENT 
 THIS CONSENT TO CREDIT AGREEMENT (this
“Consent”) is entered into as of May 20, 2013, 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, Pursuant to Section 5.3 of the Credit Agreement, Borrower is required to deliver the items set forth in clauses
(b) and (c) to Schedule 5.3 to the Credit Agreement (the “First Quarter Reports”) to Administrative Agent by the date hereof; 
 WHEREAS, Borrower desires to deliver the First Quarter Reports to Administrative Agent after the date hereof, but on or before June 30, 2013 (the “Fiscal Quarter Reports Extension”),
notwithstanding the terms of Section 5.3 of the Credit Agreement; 
 WHEREAS, Pursuant to Section 5.24 of the Credit
Agreement, Borrower is required to file a first quarter 10-Q (the “First Quarter 10-Q”) by the date hereof; 

WHEREAS, Borrower desires to file the First Quarter 10-Q after the date hereof, but on or before June 30, 2013 (the “10-Q
Extension”; together with the Fiscal Quarter Reports Extension, the “Extensions”); 
 WHEREAS, without
the prior written consent of the Required Lenders, the failure to deliver the First Quarter Reports and to file the First Quarter 10-Q on or before the date hereof would constitute a breach of Section 5.3 and Section 5.24 of the Credit
Agreement, respectively; 
 WHEREAS, Borrower has requested that Administrative Agent and Required Lenders consent to the
Extensions and Administrative Agent and Required Lenders have agreed to do so, subject to the conditions contained in this Agreement; and 
 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. Consent. Subject to the satisfaction of the conditions set forth in Section 3 below and in reliance upon the
representations and warranties set forth in Section 4 below, Required Lenders hereby consent to the Extensions. The failure to deliver the First Quarter Reports and evidence that the First Quarter 10-Q has been filed on or before
June 30, 2013 shall constitute an immediate Event of Default. The foregoing consent shall not constitute (x) a modification or alteration of the terms, conditions or covenants of the Credit Agreement or any

 
other Loan Document, (y) a waiver of, or consent to, any breach of, or any Event of Default under, the Credit Agreement or any other Loan Document or (z) 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. Conditions to Effectiveness of Consent. This Consent 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 Consent to Administrative Agent; 
 (b) Administrative Agent shall have received a fully executed copy of the Waiver from
the Term Lenders to the Borrower and its affiliates dated as of May 20, 2013; and 
 (c) no Default or Event of Default
shall have occurred and be continuing. 
 4. Representations and Warranties. In order to induce Administrative Agent and
the Lenders to enter into this Consent, 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 Consent, in each case as if made on and as of such date, except 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 or (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); 
 (b) no Default or Event of Default has occurred and is
continuing; and 
 (c) this Consent constitutes a legal, valid and binding obligation of Borrower and is enforceable against
Borrower in accordance with its terms. 
 5. 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 Borrower on behalf of itself, its Subsidiaries, and each of their 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, Wells Fargo Capital Finance, Inc., and Wells Fargo Bank, N.A. 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 

  
 -2 

 
financial services to Borrower and any of its subsidiaries (Administrative Agent, each Lender, Wells Fargo, Wells Fargo Capital Finance, LLC, Wells Fargo Capital Finance, Inc. and Wells Fargo
Bank, N.A. 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, Borrower 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 Consent 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 Borrower, on behalf of itself and each of its Subsidiaries 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. 

(c) Each of Parent and Borrower, on behalf of itself and each of its Subsidiaries 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. 

6. Miscellaneous. 
 (a) Expenses. Each of Parent and Borrower, on behalf of itself and each of its Subsidiaries, 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 Consent and all other instruments or documents provided for herein or delivered or to be
delivered hereunder or in connection herewith. 
 (b) Governing Law. This Consent shall be a contract made under and
governed by the laws of the province of Ontario, Canada. 
 (c) Counterparts. This Consent 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
Consent. 

 IN WITNESS WHEREOF, the parties hereto have caused this Consent 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
	
	 /s/ Anthony Housefather
 Name:
Anthony Housefather
 Title: EVP and General Counsel

	
	DIALOGIC, INC., a Delaware corporation formerly known as Veraz Networks, Inc.
	
	 /s/ Anthony Housefather

Name: Anthony Housefather
 Title: EVP and General
Counsel

	
	WELLS FARGO FOOTHILL CANADA ULC, as Administrative Agent and as a Lender
	
	 /s/ Domenic Cosentino
 Name:
Domenic Cosentino
 Title: Vice President

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