Document:

Exhibit

Exhibit 10(x)(2)

SECOND AMENDMENT TO ARCONIC
SUPPLEMENTAL PENSION PLAN FOR SENIOR EXECUTIVES
(as amended and restated August 1, 2016)

Pursuant to Section 5.1 of the Arconic Supplemental Pension Plan for Senior Executives (“Plan”), the Plan is amended effective January 1, 2018, as follows:  

1.    Article I (“Definitions”) of the Plan shall be amended by deleting definition of “Committee” therefrom.

2.     Article I (“Definitions”) of the Plan shall be amended by inserting the following definitions of “Benefits Investments Committee” and “Benefits Management Committee” therein:

“Benefits Investments Committee” means the Benefits Investments Committee of Arconic Inc., which shall have authority over the investment and management of any and all corporate assets attributable or allocated to this Plan (to the extent that this Plan becomes funded). Prior to January 1, 2018, such authority was vested in the Benefits Management Committee. 

“Benefits Management Committee” means the Benefits Management Committee of Arconic Inc. (previously known as the Benefits Management Committee of Alcoa Inc.), which shall have powers over administration of the Plan as provided herein. 

3.    Article I (“Definitions”) of the Plan shall be amended by restating the definition of “Company” as follows (with new language underlined and deleted language stricken):

“Company” means Arconic Inc. (previously known as Alcoa Inc.).  Alcoa Inc.  It is contemplated that Alcoa Inc. will formally change its corporate name to Arconic Inc. in the second half of 2016.

4.    References in the Plan to the “Committee” in the following sections shall be revised to be references to the “Benefits Management Committee”: 4.1, 5.1, and 7.1.

5.    Section 3.1 of the Plan shall be amended by inserting the following sentence at the end thereof:

To the extent that this Plan becomes funded in the future, the Benefits Investments Committee shall have authority over the investment and management of any and all corporate assets attributable or allocated to the Plan.  In this regard, the Benefits Investments Committee shall have the authority to approve, to adopt and to amend, to merge and to terminate any trust established to secure any such assets.

6.    In all other respects, the Plan is ratified and confirmed.AMENDED
AND RESTATED TERM LOAN CREDIT AGREEMENT

 

dated as of February 23, 2018

 

among

 

FALCONSTOR SOFTWARE, INC.

as Borrower,

 

THE OTHER LOAN PARTIES,

as Guarantors,

 

THE VARIOUS FINANCIAL INSTITUTIONS
PARTY HERETO,

as Lenders,

 

and

 

HCP-FVA, LLC,

as Administrative Agent

 

 

 

    

    

    

 

	SECTION 1	DEFINITIONS	2
	1.1	Definitions	2
	1.2	Other Interpretive Provisions	17
	SECTION 2	TERM LOAN COMMITMENTS OF THE LENDERS	18
	2.1	Term Loan Commitments	18
	2.2	Incremental Loans	19
	SECTION 3	EVIDENCING OF TERM LOANS	20
	3.1	Term Notes	20
	3.2	Recordkeeping	20
	3.3	Allocation of Purchase Price	20
	SECTION 4	INTEREST	21
	4.1	Interest Rates	21
	4.2	Interest Payment Dates	21
	4.3	Computation of Interest	21
	SECTION 5	FEES	21
	5.1	Prepayment Fee	21
	SECTION 6	PREPAYMENTS; REPAYMENT	21
	6.1	Prepayments	21
	 	6.1.1	Voluntary Prepayments	21
	 	6.1.2	Mandatory Prepayments	22
	6.2	Manner of Prepayments	23
	6.3	Repayment	23
	SECTION 7	MAKING AND PRORATION OF PAYMENTS; SETOFF; TAXES	23
	7.1	Making of Payments	23
	7.2	Application of Certain Payments	23
	7.3	Due Date Extension	23
	7.4	Setoff	23
	7.5	Proration of Payments	23
	7.6	Taxes	24
	SECTION 8	INCREASED COSTS.	26
	8.1	Increased Costs	26
	8.2	Mitigation of Circumstances	26
	8.3	Conclusiveness of Statements; Survival of Provisions	27
	SECTION 9	REPRESENTATIONS AND WARRANTIES	27
	9.1	Organization	27
	9.2	Authorization; No Conflict	27

 

    

    

    

 

	9.3	Validity and Binding Nature	28
	9.4	SEC Documents	28
	9.5	No Material Adverse Change	28
	9.6	Litigation and Liabilities	28
	9.7	Ownership of Properties; Liens	29
	9.8	Equity Ownership; Subsidiaries	29
	9.9	Pension Plans	29
	9.10	Investment Company Act	30
	9.11	Compliance with Laws	30
	9.12	Regulation U	30
	9.13	Taxes	30
	9.14	Solvency, etc	31
	9.15	Environmental Matters	31
	9.16	Insurance	32
	9.17	Real Property	32
	9.18	Information	 32
	9.19	Intellectual Property	33
	9.20	Location of Bank Accounts	33
	9.21	Labor Matters	33
	9.22	Anti-Terrorism Laws	33
	9.23	No Default	34
	9.24	Hedging Agreements	34
	9.25	OFAC	34
	9.26	Patriot Act	34
	9.27	Customers and Suppliers	34
	9.28	Significant Contracts	35
	9.29	Warrants	35
	9.30	No General Solicitation; Certain Fees.	35
	9.31	Private Placement.	36
	9.32	Application of Takeover Protections.	36
	9.33	Security Interests	36
	SECTION 10	AFFIRMATIVE COVENANTS	37
	10.1	Reports, Certificates and Other Information	37
	 	10.1.1	Annual Report	37
	 	10.1.2	Interim Reports	37
	 	10.1.3	Compliance Certificates	38
	 	10.1.4	Reports to the SEC and to Shareholders	38
	 	10.1.5	Notice of Default, Litigation and ERISA Matters	38
	 	10.1.6	Management Reports	39
	 	10.1.7	Projections; Annual Financial Plan	39
	 	10.1.9	Updated Schedule	40
	 	10.1.10	Additional Reports	40
	 	10.1.11	Other Information	40
	10.2	Books, Records and Inspections	40

 

    

    

    

 

	10.3	Maintenance of Property; Insurance	41
	10.4	Compliance with Laws; Payment of Taxes and Liabilities	42
	10.5	Maintenance of Existence, etc	42
	10.6	Use of Proceeds	42
	10.7	Employee Benefit Plans	43
	10.8	Environmental Matters	43
	10.9	Further Assurances	44
	10.10	Accounts	44
	10.11	Post-Closing Covenants	44
	10.12	Stockholder Approval	45
	10.13	Financing	45
	SECTION 11	NEGATIVE COVENANTS	45
	11.1	Debt	46
	11.2	Liens	46
	11.3	Operating Leases	47
	11.4	Restricted Payments	47
	11.5	Mergers, Consolidations, Sales	47
	11.6	Modification of Organizational Documents	47
	11.7	Transactions with Affiliates	47
	11.8	Unconditional Purchase Obligations	48
	11.9	Inconsistent Agreements	48
	11.10	Business Activities; Issuance of Equity	48
	11.11	Investments	48
	11.12	Change in Structure;	49
	11.13	Financial Covenants	49
	 	11.13.1	Weekly Budget Variance	49
	 	11.13.2	Minimum  Cash	49
	11.14	Cancellation of Debt	49
	11.15	Transfer to Foreign Subsidiaries	49
	11.16	Compliance with Laws	49
	11.17	Maintenance and Hosted Service Agreements	49
	SECTION 12	EFFECTIVENESS; CONDITIONS OF LENDING, ETC.	50
	12.1	Conditions Precedent to the Closing Date	50
	 	12.1.1	Agreement, Term Notes and other Loan Documents	50
	 	12.1.2	Authorization Documents	50
	 	12.1.3	Consents, etc	50
	 	12.1.4	Letter of Direction	50
	 	12.1.5	[Reserved]	51
	 	12.1.6	Perfection Certificate	51
	 	12.1.7	[Reserved]	51
	 	12.1.8	Control Agreements	51
	 	12.1.9	Opinions of Counsel	51
	 	12.1.10	Insurance	51

 

    

    

    

 

	 	12.1.11	Payment of Fees	51
	 	12.1.12	Solvency Certificate	51
	 	12.1.13	Approvals	51
	 	12.1.14	Search Results; Lien Terminations	51
	 	12.1.15	Filings, Registrations and Recordings	51
	 	12.1.16	Closing Certificate, Consents and Permits	52
	 	12.1.17	Weekly Budget	52
	 	12.1.18	No Material Adverse Change	52
	 	12.1.19	Investment Documents	52
	 	12.1.20	Source Code Escrow	52
	 	12.1.21	PATRIOT ACT	52
	 	12.1.22	Other	52
	12.2	Conditions Precedent to each Loan	52
	SECTION 13	EVENTS OF DEFAULT AND THEIR EFFECT	53
	13.1	Events of Default	53
	 	13.1.1	Non-Payment of the Term Loans, etc	53
	 	13.1.2	Non-Payment of Other Debt	53
	 	13.1.3	Other Material Obligations	53
	 	13.1.4	Bankruptcy, Insolvency, etc	53
	 	13.1.5	Non-Compliance with Loan Documents	54
	 	13.1.6	Representations; Warranties	54
	 	13.1.7	Pension Plans	54
	 	13.1.8	Judgments	54
	 	13.1.9	Invalidity of Loan Documents, etc	54
	 	13.1.10	Public Company Failure	55
	 	13.1.11	Material Adverse Effect	55
	 	13.1.12	Cessation of Business	55
	 	13.1.13	Collateral	55
	 	13.1.14	Change of Control	55
	13.2	Effect of Event of Default	55
	13.3	Credit Bidding	55
	SECTION 14	THE AGENT	56
	14.1	Appointment and Authorization	56
	14.2	Delegation of Duties	56
	14.3	Exculpation of Administrative Agent	57
	14.4	Reliance by Administrative Agent	57
	14.5	Notice of Default	57
	14.6	Credit Decision	58
	14.7	Indemnification	58
	14.8	Administrative Agent in Individual Capacity	59
	14.9	Successor Administrative Agent	59
	14.10	Collateral Matters	59
	14.11	Restriction on Actions by Lenders	60

 

    

    

    

 

	 	 	 	 
	14.12	Administrative Agent May File Proofs of Claim	60
	14.13	Other Agents; Arrangers and Managers	61
	SECTION 15	GENERAL	61
	15.1	Waiver; Amendments	61
	15.2	Confirmations	62
	15.3	Notices	62
	15.4	Computations	63
	15.5	Costs, Expenses and Taxes	63
	15.6	Assignments; Participations	64
		15.6.1     Assignments	64
		15.6.2     Participations	65
	15.7	Register	65
	15.8	GOVERNING LAW	65
	15.9	Confidentiality; Non-Public Information	66
	15.10	Severability	67
	15.11	Nature of Remedies	67
	15.12	Entire Agreement	68
	15.13	Counterparts	68
	15.14	Successors and Assigns	68
	15.15	Captions	68
	15.16	Customer Identification – USA Patriot Act Notice	68
	15.17	INDEMNIFICATION BY LOAN PARTIES	68
	15.18	Nonliability of Lenders	69
	15.19	FORUM SELECTION AND CONSENT TO JURISDICTION	70
	15.20	WAIVER OF JURY TRIAL	71

 

    

    

    

 

ANNEXES

 

	ANNEX A	Lenders and Pro Rata Shares
	ANNEX B	Addresses for Notices

 

SCHEDULES

 

	
        SCHEDULE 1

        SCHEDULE 9.5
	
        Permitted Affiliate Transactions

        Material Adverse Change

	SCHEDULE 9.6	Litigation and Contingent Liabilities
	SCHEDULE 9.8	Subsidiaries
	SCHEDULE 9.16	Insurance
	SCHEDULE 9.17	Real Property
	SCHEDULE 9.19	Intellectual Property
	SCHEDULE 9.20	Location of Bank Accounts
	SCHEDULE 9.21	Labor Matters
	SCHEDULE 9.27	Customers and Suppliers
	SCHEDULE 9.28	Significant Contracts
	SCHEDULE 9.29	Warrants
	SCHEDULE 10.11	Post-Closing Obligations
	
        SCHEDULE 10.12

        SCHEDULE 10.13
	
        Deferred Revenue

        Financing

	SCHEDULE 11.1	Existing Debt
	SCHEDULE 11.2	Existing Liens
	SCHEDULE 11.11	Investments

 

EXHIBITS

 

	EXHIBIT A	Form of Term Note
	EXHIBIT B	Form of Compliance Certificate
	EXHIBIT C	Form of Assignment Agreement 
	
        EXHIBIT D

        EXHIBIT E

        EXHIBIT F
	
        Form of Financing Unit Warrants

        Form of Loan & Backstop Warrants

        Form of Joinder Agreement

 

    

    

    

 

amended
and restated TERM LOAN CREDIT AGREEMENT

 

THIS AMENDED AND RESTATED
TERM LOAN CREDIT AGREEMENT dated as of February 23, 2018 (this “Agreement”) is entered into among (i) FALCONSTOR
SOFTWARE, INC., a Delaware corporation (the “Borrower”), (ii) FALCONSTOR, INC., a Delaware corporation, FALCONSTOR
AC, INC., a Delaware corporation, and the other Persons party hereto from time to that are designated as a “Guarantor”
hereunder, (iii) the financial institutions that are or may from time to time become parties hereto (together with their respective
successors and assigns, the “Lenders”), and (iv) HCP-FVA, LLC, a Delaware limited liability company (in
its individual capacity, “HCP-FVA”), as Administrative Agent for the Lenders.

 

RECITALS

 

WHEREAS, Borrower,
the other Loan Parties and HCP-FVA are party to that certain Loan Agreement, dated as of November 17, 2017 (the “Original
Loan Agreement”), pursuant to which HCP-FVA extended credit to Borrower on the Original Closing Date in the aggregate
principal amount of $500,000 (the “Original Loan”);

 

WHEREAS, in connection
with the transactions contemplated by the Original Loan Agreement, Hale Capital Partners, LP (“Hale Capital”),
an affiliate of HCP-FVA, and Borrower entered into that certain letter agreement (the “Commitment Letter”) pursuant
to which, among other things, (y) Borrower agreed to promptly pursue the Financing with certain Eligible Stockholders and (z) Hale
Capital committed to purchase (or to cause one of its Affiliates to purchase) seventy-five percent (75%) of the total number of
Units to be issued by Borrower in the Financing (the “HCP Commitment”);

 

WHEREAS, Borrower has
delivered a Pre-Funding Commitment Notice (as defined in the Commitment Letter) to Hale Capital requesting that Hale Capital or
its Affiliate purchase seventy-five percent (75%) of the total number of Units to be issued by Borrower in the Financing under
the HCP Commitment, which shall result in Total Offering Proceeds to Borrower (inclusive of the conversion of the Original Loan
as set forth herein) of Three Million Dollars ($3,000,000) in exchange for the issuance by Borrower to Hale Capital or its Affiliate
of Units consisting of (i) senior secured Debt, in the form of a Term Loan, in the principal amount of Three Million Dollars ($3,000,000)
and (ii) Financing Unit Warrants to purchase 366,990,000 shares of Common Stock (the “HCP-FVA Financing Unit Warrants”);
and

 

WHEREAS, in order to
consummate the purchase of Units contemplated by the Financing, the parties hereto desire to enter into this Agreement to, among
other things, amend and restate, in its entirety, the Original Loan Agreement pursuant to the terms hereof, on the terms and subject
to the conditions contained herein.

 

    

    

    

  

NOW, THEREFORE, in
consideration of the mutual covenants and agreements hereinafter set forth and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the Original Loan Agreement is hereby amended and restated in its entirety as
follows:

 

Section 1       
DEFINITIONS.

 

1.1       
Definitions. When used herein the following terms shall have the following meanings:

 

“Account Debtor”
is defined in the Guaranty and Collateral Agreement.

 

“Account or
Accounts” is defined in the UCC.

 

“Acquisition”
means any transaction or series of related transactions for the purpose of or resulting, directly or indirectly, in (a) the
acquisition of all or a substantial portion of the assets of a Person, or of all or a substantial portion of any business or division
of a Person, (b) the acquisition of in excess of 50% of the Capital Securities of any Person, or otherwise causing any Person
to become a Subsidiary, or (c) a merger or consolidation or any other combination with another Person (other than a Person
that is already a Subsidiary).

 

“Administrative
Agent” means HCP-FVA in its capacity as administrative agent for the Lenders hereunder and any successor thereto in such
capacity.

 

“Affiliate”
of any Person means (a) any other Person which, directly or indirectly, controls or is controlled by or is under common control
with such Person, (b) any executive officer, manager or director of such Person and (c) with respect to any Lender, any
entity administered or managed by such Lender or an Affiliate or investment advisor thereof and which is engaged in making, purchasing,
holding or otherwise investing in commercial loans. A Person shall be deemed to be “controlled by” any other Person
if such Person possesses, directly or indirectly, power to vote 10% or more of the securities (on a fully diluted basis) having
ordinary voting power for the election of directors or managers or power to direct or cause the direction of the management and
policies of such Person whether through the ability to exercise voting power, by contract or otherwise, and “controlling”
and “under common control with” shall have meanings correlative thereto. Unless expressly stated otherwise herein,
neither Administrative Agent nor any Lender shall be deemed an Affiliate of any Loan Party.

 

“Agreement”
is defined in the preamble of this Agreement.

 

“Applicable Margin”
means 0.75%.

 

“Approved
Fund” means (i) any Person (other than a natural person) engaged in making, purchasing, holding, or investing in commercial
loans and similar extensions of credit and that is advised, administered, or managed by a Lender, an Affiliate of a Lender (or
an entity or an Affiliate of an entity that administers, advises or manages a Lender); (ii) with respect to any Lender that is
an investment fund, any other investment fund that invests in loans and that is advised, administered or managed by the same investment
advisor as such Lender or by an Affiliate of such investment advisor; and (iii) any third party which provides “warehouse
financing” to a Person described in the preceding clause (i) or (ii) (and any Person described in said clause (i) or (ii)
shall also be deemed an Approved Fund with respect to such third party providing such warehouse financing).

 

    2

    

    

 

“Asset Disposition”
means the sale, lease, assignment or other transfer for value (each, a “Disposition”) by any Loan Party to any
Person (other than Borrower) of any asset or right of such Loan Party (including, the loss, destruction or damage of any thereof
or any actual or threatened (in writing to any Loan Party) condemnation, confiscation, requisition, seizure or taking thereof)
other than (a) the sale or lease of inventory in the ordinary course of business, (b) non-exclusive licenses of intellectual
property of any Loan Party in the ordinary course of business (for the avoidance of doubt licenses to a direct competitor of the
Loan Parties shall be deemed outside of the ordinary course of business), provided, that each such license in clause (b) does not
materially impair the value of such intellectual property as collateral for the Obligations, and (c) other Dispositions in
any Fiscal Year the Net Cash Proceeds of which do not in the aggregate exceed $25,000.

 

“Assignee”
is defined in Section 15.6.1.

 

“Assignment
Agreement” is defined in Section 15.6.1.

 

“Attorney
Costs” means, with respect to any Person, all reasonable fees and charges of any counsel to such Person, the reasonable
allocable cost of internal legal services of such Person, all reasonable disbursements of such internal counsel and all court costs
and similar legal expenses, each as actually incurred.

 

“Bank Product
Agreements” means those certain agreements entered into from time to time with the written consent of the Administrative
Agent between any Loan Party and HCP-FVA or its Affiliates in connection with any of the Bank Products, including without limitation,
Hedging Agreements.

 

“Bank Product
Obligations” means all obligations, liabilities, contingent reimbursement obligations, fees, and expenses owing by the
Loan Parties to HCP-FVA or its Affiliates pursuant to or evidenced by the Bank Product Agreements and irrespective of whether for
the payment of money, whether direct or indirect, absolute or contingent, due or to become due, now existing or hereafter arising,
and including all such amounts that a Loan Party is obligated to reimburse to Administrative Agent or HCP-FVA or its Affiliates
as a result of Administrative Agent or HCP-FVA or its Affiliates purchasing participations or executing indemnities or reimbursement
obligations with respect to the Bank Products provided to the Loan Parties pursuant to the Bank Product Agreements.

 

“Bank Products”
means any service provided to, facility extended to, or transaction entered into with, any Loan Party by HCP-FVA or its Affiliates
consisting of, (a) deposit accounts, (b) cash management services, including, controlled disbursement, lockbox, electronic
funds transfers (including, book transfers, fedwire transfers, ACH transfers), online reporting and other services relating to
accounts maintained with HCP-FVA or its Affiliates, (c) debit cards and credit cards, (d) Hedging Agreements or (e) so
long as prior written notice thereof is provided by HCP-FVA (or its Affiliate) providing such service, facility or transaction
and Administrative Agent consents in writing to its inclusion as a Bank Product, any other service provided to, facility extended
to, or transaction entered into with, any Loan Party by HCP-FVA or its Affiliates.

 

    3

    

    

 

“Bankruptcy
Code” means the Federal Bankruptcy Reform Act of 1978 (11 U.S.C. §101, et seq.), as amended and in effect from
time to time and the regulations issued from time to time thereunder.

 

“Board”
means the Board of Directors of Borrower.

 

“Borrower”
is defined in the preamble of this Agreement.

 

“Business
Day” means any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close under
the laws of, or are in fact closed in, New York.

 

“Capital Expenditures”
means all expenditures which, in accordance with GAAP, would be required to be capitalized and shown on the consolidated balance
sheet of Borrower and its Subsidiaries, including expenditures in respect of Capital Leases, but excluding expenditures made in
connection with the replacement, substitution or restoration of assets to the extent financed (a) from insurance proceeds
(or other similar recoveries) paid on account of the loss of or damage to the assets being replaced or restored or (b) with
awards of compensation arising from the taking by eminent domain or condemnation of the assets being replaced.

 

“Capital Lease”
means, with respect to any Person, any lease of (or other agreement conveying the right to use) any real or personal property by
such Person that, in conformity with GAAP, is accounted for as a capital lease on the balance sheet of such Person.

 

“Capital Securities”
means, with respect to any Person, all shares, interests, participations or other equivalents (however designated, whether voting
or non-voting) of such Person’s capital, whether now outstanding or issued or acquired after the Closing Date, including
common shares, preferred shares, membership interests in a limited liability company, limited or general partnership interests
in a partnership, interests in a trust, interests in other unincorporated organizations or any other equivalent of such ownership
interest.

 

“Cash Equivalent
Investment” means, at any time, (a) any evidence of Debt, maturing not more than one year after such time, issued
or guaranteed by the United States Government or any agency thereof, (b) commercial paper, maturing not more than one year
from the date of issue, or corporate demand notes, in each case (unless issued by a Lender or its holding company) rated at least
A-l by Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc. or P-l by Moody’s
Investors Service, Inc., (c) any certificate of deposit, time deposit or banker’s acceptance, maturing not more than
one year after such time, or any overnight Federal Funds transaction that is issued or sold by any Lender or its holding company
(or by a commercial banking institution that is a member of the Federal Reserve System and has a combined capital and surplus and
undivided profits of not less than $500,000,000), (d) any repurchase agreement entered into with any Lender (or commercial
banking institution of the nature referred to in clause (c)) which (i) is secured by a fully perfected security interest
in any obligation of the type described in any of clauses (a) through (c) above and (ii) has a market value at the
time such repurchase agreement is entered into of not less than 100% of the repurchase obligation of such Lender (or other commercial
banking institution) thereunder, (e) money market accounts or mutual funds which invest exclusively in assets satisfying the
foregoing requirements, and (f) other short term liquid investments approved in writing by Administrative Agent.

 

    4

    

    

 

“CFC”
means a “controlled foreign corporation” as defined in Section 957(a) of the Code.

 

“Change of
Control” means that (A) the Borrower shall, directly or indirectly, including through Subsidiaries, Affiliates or otherwise,
in one or more related transactions, (i) consolidate or merge with or into another Subject Entity where the holders of a majority
of the Borrower’s outstanding Common Stock immediately prior to the consolidation or merger do not continue to own at least
50.1% of the surviving corporation, or (ii) sell, assign, transfer, convey or otherwise dispose of all or substantially all of
the properties and assets of the Borrower and its Subsidiaries, or (iii) make, or be subject to or have the Common Stock be subject
to or party to one or more Subject Entities making, a purchase, tender or exchange offer that is accepted by the holders of at
least either (x) 50.1% of the outstanding shares of Common Stock, or (y) such number of shares of Common Stock such that all
Subject Entities making or party to, or Affiliated with any Subject Entity making or party to, such purchase, tender or exchange
offer, become collectively the beneficial owners (as defined in Rule 13d-3 under the Exchange Act) of at least 50.1% of the outstanding
shares of Common Stock, or (iv) consummate a stock purchase agreement or other business combination (including, without limitation,
a reorganization, recapitalization, spin-off or scheme of arrangement) with one or more Subject Entities whereby all such Subject
Entities, individually or in the aggregate, acquire, either (x) at least 50.1% of the outstanding shares of Common Stock, or (y)
such number of shares of Common Stock such that the Subject Entities become collectively the beneficial owners (as defined in Rule
13d-3 under the Exchange Act) of at least 50.1% of the outstanding shares of Common Stock, or (v) reorganize, recapitalize
or reclassify its Common Stock or effect a compulsory share exchange pursuant to which the Common Stock is effectively converted
into or exchanged for other securities, cash or property, or (vi) the execution by the Borrower or any Subsidiary of a definitive
agreement directly or indirectly providing for any of the foregoing events, (B) any Subject Entity individually or the Subject
Entities in the aggregate is or shall become the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act),
directly or indirectly, whether through acquisition, purchase, assignment, conveyance, tender, tender offer, exchange, reduction
in outstanding shares of Common Stock, merger, consolidation, business combination, reorganization, recapitalization, spin-off,
scheme of arrangement, reorganization, recapitalization or reclassification or otherwise in any manner whatsoever, of either (x)
at least 50.1% of the aggregate ordinary voting power of the Borrower’s Capital Securities (as determined on an as-converted
to Common Stock basis), or (y) a percentage of the aggregate ordinary voting power represented by issued and outstanding shares
of Common Stock or other equity securities of the Borrower sufficient to allow such Subject Entities to effect a statutory short
form merger or other transaction requiring other stockholders of the Borrower to surrender their shares of Common Stock without
approval of the stockholders of the Borrower, (C) Continuing Directors cease to constitute more than a majority of the members
of the Board or (D) the issuance of or the entering into any other instrument or transaction structured in a manner to circumvent,
or that circumvents, the intent of this definition in which case this definition shall be construed and implemented in a manner
otherwise than in strict conformity with the terms hereof to the extent necessary to correct this definition or any portion hereof
which may be defective or inconsistent with the intended treatment of such instrument or transaction.

 

    5

    

    

 

“Closing Date”
is defined in Section 12.1.

 

“Closing Date
Loan & Backstop Warrants” is defined in the defined term “Loan & Backstop Warrants”.

 

“Code”
means the Internal Revenue Code of 1986, as amended.

 

“Collateral”
means “Collateral” (as defined in the Guaranty and Collateral Agreement) and any and all other property now or hereafter
securing Obligations.

 

“Collateral
Documents” means, collectively, the Guaranty and Collateral Agreement, each Mortgage, each Perfection Certificate, each
control agreement and any other agreement or instrument pursuant to which Borrower, any Subsidiary or any other Person grants or
purports to grant collateral to Administrative Agent for the benefit of the Lenders or otherwise relates to such collateral.

 

“Commitment
Letter” is defined in the recitals of this Agreement.

 

“Commodity
Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time, and any successor
statute.

 

“Common Stock”
means the common stock, par value $0.001 per share, of Borrower.

 

“Compliance
Certificate” means a Compliance Certificate in substantially the form of Exhibit B.

 

“Contingent
Liability” means, with respect to any Person, each obligation and liability of such Person and all such obligations and
liabilities of such Person incurred pursuant to any agreement, undertaking or arrangement by which such Person: (a) guarantees,
endorses or otherwise becomes or is contingently liable upon (by direct or indirect agreement, contingent or otherwise, to provide
funds for payment, to supply funds to, or otherwise to invest in, a debtor, or otherwise to assure a creditor against loss) the
indebtedness, dividend, obligation or other liability of any other Person in any manner (other than by endorsement of instruments
in the course of collection), including any indebtedness, dividend or other obligation which may be issued or incurred at some
future time; (b) guarantees the payment of dividends or other distributions upon the Capital Securities of any other Person;
(c) undertakes or agrees (whether contingently or otherwise): (i) to purchase, repurchase, or otherwise acquire any indebtedness,
obligation or liability of any other Person or any property or assets constituting security therefor, (ii) to advance or provide
funds for the payment or discharge of any indebtedness, obligation or liability of any other Person (whether in the form of loans,
advances, stock purchases, capital contributions or otherwise), or to maintain solvency, assets, level of income, working capital
or other financial condition of any other Person, or (iii) to make payment to any other Person other than for value received;
(d) agrees to lease property or to purchase securities, property or services from such other Person with the purpose or intent
of assuring the owner of such indebtedness or obligation of the ability of such other Person to make payment of the indebtedness
or obligation; (e) to induce the issuance of, or in connection with the issuance of, any letter of credit for the benefit
of such other Person; or (f) undertakes or agrees otherwise to assure a creditor against loss. The amount of any Contingent
Liability shall (subject to any limitation set forth herein) be deemed to be the outstanding principal amount (or maximum permitted
principal amount, if larger) of the indebtedness, obligation or other liability guaranteed or supported thereby.

 

    6

    

    

 

“Continuing
Director” means (i) any individual who is a member of the Board on the Closing Date and (ii) any individual who is appointed
to the Board or nominated for election to the Board by other Continuing Directors or by the holders of the Borrower’s outstanding
Series A Preferred Stock in accordance with the terms of the Certificate of Designations for the Series A Preferred Stock.

 

“Contractual
Obligation” means, as to any Person, any provision of any security issued by such Person or of any agreement, instrument
or other undertaking to which such Person is a party or by which it or any of its assets or property is bound.

 

“Controlled
Group” means all members of a controlled group of corporations, all members of a controlled group of trades or businesses
(whether or not incorporated) under common control and all members of an affiliated service group which, together with Borrower
or any of its Subsidiaries, are treated as a single employer under Section 414 of the Code or Section 4001 of ERISA.

 

“Debt”
of any Person means, without duplication, (a) all indebtedness of such Person for borrowed money, (b) all indebtedness
evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such Person as lessee under Capital Leases
which have been or should be recorded as liabilities on a balance sheet of such Person in accordance with GAAP, (d) all obligations
of such Person to pay the deferred purchase price of property or services (excluding trade accounts payable in the ordinary course
of business), (e) all indebtedness secured by a Lien on the property of such Person, whether or not such indebtedness shall
have been assumed by such Person; provided that if such Person has not assumed or otherwise become liable for such indebtedness,
such indebtedness shall be measured at the fair market value of such property securing such indebtedness at the time of determination,
(f) all obligations, contingent or otherwise, with respect to the face amount of all letters of credit (whether or not drawn),
bankers’ acceptances and similar obligations issued for the account of such Person, (g) all Hedging Obligations of such
Person, (h) all Contingent Liabilities of such Person, (i) all Debt of any partnership of which such Person is a general
partner, (j) all non-compete payment obligations, earn-outs and similar obligations and (k) any Capital Securities or
other equity instrument, whether or not mandatorily redeemable, that under GAAP is characterized as debt, whether pursuant to financial
accounting standards board issuance No. 150 or otherwise (but expressly excluding the Series A Preferred Stock of Borrower).

 

“Default”
means any event that, if it continues uncured, will, with lapse of time or notice or both, constitute an Event of Default.

 

    7

    

    

 

“Deferred
Revenue” means, deferred revenue determined in accordance with GAAP.

 

“Deferred
Revenue Non-Current” means, as of any date of determination, Deferred Revenue which is recognized in greater than one
(1) year from such date of determination, determined in accordance with GAAP.

 

“Deferred
Revenue Report” means a Borrower prepared Deferred Revenue Report in the same form and substance as the report provided
to the Administrative Agent prior to the Closing Date together with any other information reasonably requested from time to time
by the Administrative Agent.

 

“Dollar”
and the sign “$” mean lawful money of the United States of America.

 

“Earnings
Report” means the statements of earnings for the Borrower and its Subsidiaries in form and substance acceptable to the
Administrative Agent together with any other information reasonably requested from time to time by the Administrative Agent.

 

“Eligible
Stockholders” mean those stockholders of Borrower (including holders of Series A Preferred Stock) as of the Original
Loan Closing Date who are accredited investors (as that term is defined in the Securities Act).

 

“Environmental
Claims” means all claims, however asserted, by any governmental, regulatory, or judicial authority or other Person alleging
any potential liability or responsibility, contingent or otherwise (including for damages, losses, punitive damages, consequential
damages, costs of environmental investigation and remediation, fines, penalties, indemnities or expenses) or other obligation,
directly or indirectly resulting from or based upon (a) violation of or pursuant to any Environmental Law, (b) the generation,
use, handling, transportation, storage, treatment or disposal of any Hazardous Substances, (c) exposure to any Hazardous Substances,
(d) the release or threatened release of any Hazardous Substances into the environment or (e) any contract, agreement
or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing.

 

“Environmental
Laws” means the Comprehensive Environmental Response, Compensation and Liability Act (42 U.S.C. § 9601, et
seq.), the Hazardous Materials Transportation Act (49 U.S.C. § 5101, et seq.), the Resource Conservation and
Recovery Act (42 U.S.C. § 6901, et seq.), the Federal Clean Water Act (33 U.S.C. § 1251 et seq.),
the Clean Air Act (42 U.S.C. § 7401 et seq.), the Toxic Substances Control Act (15 U.S.C. § 2601 et
seq.), the Safe Drinking Water Act (42 U.S.C. § 300f to 300j-26 et seq.), the Oil Pollution Act of 1990 (33
U.S.C. § 2701 et seq.) and the Occupational Safety and Health Act (29 U.S.C. § 651 et seq.),
and any other present or future federal, state, local, foreign and other applicable statutes, laws, regulations, ordinances, rules,
judgments, orders, decrees, permits, concessions, grants, franchises, licenses, agreements or governmental restrictions and common
law relating to pollution, the protection of the environment, natural resources, human health or the release of any Hazardous Substances
into the environment, including indoor and outdoor air, soil, groundwater, surface water, storm water, wetlands, sediment and discharges
of wastewater to public treatment systems, all as may be amended or otherwise modified from time to time.

 

    8

    

    

 

“ERISA”
means the Employee Retirement Income Security Act of 1974.

 

“Event of
Default” means any of the events described in Section 13.1.

 

“Exchange
Act” is defined in Section 9.4.

 

“Excluded
Swap Obligation” means, with respect to any guarantor of a Swap Obligation, including the grant of a security interest
to secure the guaranty of such Swap Obligation, any Swap Obligation if, and to the extent that, such Swap Obligation is or becomes
illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application
or official interpretation of any thereof) by virtue of such guarantor’s failure for any reason to constitute an “eligible
contract participant” as defined in the Commodity Exchange Act and the regulations thereunder at the time the guaranty or
grant of such security interest becomes effective with respect to such Swap Obligation. If a Swap Obligation arises under a master
agreement governing more than one swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable
to swaps for which such Swap Obligation or security interest is or becomes illegal.

 

“Excluded
Taxes” means taxes based upon, or measured by, a Lender’s or Administrative Agent’s (or a branch of a Lender’s
or Administrative Agent’s) overall net income, overall net receipts, or overall net profits (including franchise taxes imposed
in lieu of such taxes), but only to the extent such taxes are imposed by a taxing authority (a) in a jurisdiction in which
such Lender or Administrative Agent is organized, (b) in a jurisdiction in which a Lender’s or Administrative Agent’s
principal office is located, or (c) in a jurisdiction in which such Lender’s or Administrative Agent’s lending
office (or branch) in respect of which payments under this Agreement are made is located.

 

“Expense Cap”
is defined in Section 15.5.

 

“Extraordinary
Receipts” means any cash received by or paid to or for the account of any Loan Party not in the ordinary course of business,
including without limitation, amounts received in respect of indemnity obligations of a seller under any purchase or acquisition
document, foreign, United States, state or local tax refunds or insurance proceeds.

 

“Facilities”
means, at any time, the facilities or real properties owned, leased, managed or operated by any Loan Party and any of their respective
Subsidiaries.

 

“Financing”
means that certain proposed financing to Eligible Stockholders (which financing shall be conducted via a private placement) of
Forty Million (40,000,000) Units (the “Units”) priced at approximately $0.364 per Unit for total offering proceeds
of approximately Fourteen Million Five Hundred Seventy One Thousand Eight Hundred Fifty One Dollars ($14, 571,851) (the “Total
Offering Proceeds”), which assumes a June 30, 2018 closing, with (i) Four Million Dollars ($4,000,000) of the Total Offering
Proceeds being paid to Borrower from the purchasers of Units in exchange for the portion of the Units consisting of senior secured
Debt and Financing Unit Warrants; and (ii) Ten Million Five Hundred Seventy One Thousand Eight Hundred Fifty One Dollars ($10,571,851)
of the Total Offering Proceeds (or such greater amount to take into account accretion of the Series A Preferred Stock after June
30, 2018) being paid to HCP-FVA for a purchase of a portion of its shares of Series A Preferred Stock.

 

    9

    

    

 

“Financing
Unit Warrants” means, for each Unit purchased by a purchaser in the Financing, the issuance by Borrower of warrants to
purchase 12.233 shares of Common Stock at a nominal consideration ($.00001), which Financing Unit Warrants shall have an exercise
price of $0.001 per share, shall provide for “cashless exercise” and shall be in substantially the form attached hereto
as Exhibit D.

 

“First Meeting”
is defined in Section 10.12(b).

 

“Fiscal Quarter”
means a fiscal quarter of a Fiscal Year.

 

“Fiscal Year”
means the fiscal year of Borrower and its Subsidiaries, which period shall be the 12-month period ending on December 31 of each
year.

 

“FRB”
means the Board of Governors of the Federal Reserve System or any successor thereto.

 

“GAAP”
means generally accepted accounting principles set forth from time to time in the opinions and pronouncements of the Accounting
Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial
Accounting Standards Board (or agencies with similar functions of comparable stature and authority within the U.S. accounting profession)
and the SEC, which are applicable to the circumstances as of the date of determination.

 

“Governmental
Authority” means the government of the United States or any other nation, or of any political subdivision thereof, whether
state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive,
legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national
bodies such as the European Union or the European Central Bank).

 

“Guaranty
and Collateral Agreement” means the Guaranty and Collateral Agreement dated as of the date hereof executed and delivered
by the Loan Parties, together with any joinders thereto and any other guaranty and collateral agreement executed by a Loan Party,
in each case in form and substance satisfactory to Administrative Agent.

 

“Hale Capital”
is defined in the recitals of this Agreement.

 

“Hazardous
Substances” means all explosive or radioactive substances, materials or waste and all hazardous waste, hazardous substance,
pollutant, contaminant, toxic substance, oil, hazardous material, chemical or other substance regulated by any Environmental Law.

 

“HCP Commitment”
is defined in the recitals.

 

“HCP-FVA”
is defined in the preamble of this Agreement.

 

    10

    

    

 

“HCP-FVA Financing
Unit Warrants” is defined in the recitals.

 

“Hedging Agreement”
means any bank underwritten cash and/or derivative financial instrument including, but not limited to, any interest rate, currency
or commodity swap agreement, cap agreement, collar agreement, spot foreign exchange, forward foreign exchange, foreign exchange
option (or series of options) and any other agreement or arrangement designed to protect a Person against fluctuations in interest
rates, currency exchange rates or commodity prices.

 

“Hedging Obligation”
means, with respect to any Person, any liability of such Person under any Hedging Agreement.

 

“Increased
Amount Date” is defined in Section 2.2.1.

 

“Incremental
Loan” is defined in Section 2.2.1.

 

“Indemnified
Liabilities” is defined in Section 15.17.

 

“Initial Loan
& Backstop Warrants” is defined in the defined term “Loan & Backstop Warrants”.

 

“Inventory”
is defined in the Guaranty and Collateral Agreement.

 

“Investment”
means, with respect to any Person, any investment in another Person, whether by acquisition of any debt or Capital Security, by
making any loan or advance, by becoming obligated with respect to a Contingent Liability in respect of obligations of such other
Person (other than travel and similar advances to employees in the ordinary course of business) or by making an Acquisition.

 

“Joinder Agreement”
means an agreement substantially in the form of Exhibit F.

 

“Lender”
is defined in the preamble of this Agreement. For the purpose of identifying the Persons entitled to share in the Collateral and
the proceeds thereof under, and in accordance with the provisions of, this Agreement and the Collateral Documents, the term “Lender”
shall include Affiliates of a Lender providing a Bank Product.

 

“Lender Expenses”
is defined in Section 15.5.

 

“Lender Party”
is defined in Section 15.17.

 

“Lien”
means any mortgage, deed of trust, pledge, hypothecation, assignment, security interest, lien (whether statutory or otherwise),
charge, claim or encumbrance, or preference, priority or other security agreement or preferential arrangement held or asserted
in respect of any asset of any kind or nature whatsoever including any conditional sale or other title retention agreement, any
lease having substantially the same economic effect as any of the foregoing, and the filing of, or agreement to give, any financing
statement under the Uniform Commercial Code or comparable law of any jurisdiction.

 

    11

    

    

 

“Loan Documents”
means this Agreement, the Term Notes, each Perfection Certificate, the Collateral Documents, and all documents, instruments and
agreements delivered in connection with the foregoing.

 

“Loan Party”
means each Borrower and each domestic Subsidiary.

 

“Loan &
Backstop Warrants” means the warrants issued by Borrower to HCP-FVA (i) on the Original Closing Date to purchase 13,859,128
shares of Common Stock at an exercise price of $0.001 per share (the “Initial Loan & Backstop Warrants”),
and (ii) on the Closing Date to purchase 41,577,382 shares of Common Stock (the “Closing Date Loan & Backstop Warrants”)
at an exercise price of $0.001 per share, in each case, in consideration for Hale Capital providing the HCP Commitment and HCP-FVA
making the Term Loans to Borrower, which Loan & Backstop Warrants shall be in the form of Exhibit E attached hereto.

 

“Margin Stock”
means any “margin stock” as defined in Regulation U.

 

“Material
Adverse Effect” means a material adverse effect on (a) the condition (financial or otherwise), results of operations,
assets, business, or properties of Borrower or the Borrower and its Subsidiaries taken as a whole, (b) Borrower’s ability
to duly and punctually pay or perform the Obligations in accordance with the terms thereof, (c) the value of the Collateral, or
Administrative Agent’s Liens on the Collateral or the priority of any such Lien or (d) the practical realization of the benefits
of Administrative Agent’s and each Lender’s rights and remedies as provided by this Agreement and the other Loan Documents.

 

“Mortgage”
means a mortgage, deed of trust, leasehold mortgage or similar instrument granting Administrative Agent a Lien on real property
of any Loan Party.

 

“Multiemployer
Pension Plan” means a multiemployer plan, as defined in Section 4001(a)(3) of ERISA, to which Borrower or any other
member of the Controlled Group may have any liability.

 

“Net Cash
Proceeds” means:

 

(a)        
with respect to any Asset Disposition, the aggregate cash proceeds (including cash proceeds received pursuant to policies
of insurance or by way of deferred payment of principal pursuant to a note, installment receivable or otherwise, but only as and
when received) received by any Loan Party pursuant to such Asset Disposition net of (i) the direct costs relating to such
sale, transfer or other disposition (including sales commissions and legal, accounting and investment banking fees), (ii) taxes
paid or reasonably estimated by Borrower to be payable as a result thereof (after taking into account any available tax credits
or deductions and any tax sharing arrangements) and (iii) amounts required to be applied to the repayment of any Debt secured
by a Lien on the asset subject to such Asset Disposition (other than the Term Loans);

 

(b)        
with respect to any issuance of Capital Securities or receipt of a capital contribution, the aggregate cash proceeds received
by any Loan Party pursuant to such issuance or contribution, net of the direct costs relating to such issuance or contribution
(including sales and underwriters’ commissions); and

 

    12

    

    

 

(c)        
with respect to any issuance of Debt, the aggregate cash proceeds received by any Loan Party pursuant to such issuance,
net of the direct costs of such issuance (including up-front, underwriters’ and placement fees).

 

“New Lender”
is defined in Section 2.2.3.

 

“Non-Consenting
Lender” is defined in Section 15.1.

 

“Non-U.S.
Participant” is defined in Section 7.6(d).

 

“Obligations”
means and include any and all loans, advances, debts, liabilities, obligations (including Attorney Costs and any reimbursement
obligations of each Loan Party in respect of surety bonds, all Hedging Obligations permitted hereunder which are owed to any Lender
(or its Affiliates) or Administrative Agent, and all other Bank Product Obligations), covenants and duties owing by any Loan Party,
or any Subsidiary of any Loan Party Lenders or Administrative Agent (or to any other direct or indirect subsidiary or affiliate
of any Lender or Administrative Agent) of any kind or nature, present or future (including any interest or other amounts accruing
thereon, any fees accruing under or in connection therewith, any costs and expenses of any Person payable by any Loan Party and
any indemnification obligations payable by any Loan Party, whether or not a claim for post-filing or post-petition interest, fees
or other commencement of any insolvency, reorganization or like proceeding relating to any Loan Party arising or payable after
maturity, or after the filing of any petition interest, fees or other amounts is allowable or allowed in such proceeding), whether
or not for the payment of money, whether arising by reason of an extension of credit, loan, or in any other manner, whether direct
or indirect (including those acquired by assignment or participation), absolute or contingent, joint or several, due or to become
due, now existing or hereafter arising, contractual or tortious, liquidated or unliquidated, regardless of how such indebtedness
or liabilities arise or by what agreement or instrument they may be evidenced or whether evidenced by any agreement or instrument,
including but not limited to, (i) this Agreement, the Loan Documents and any amendments, extensions, renewals or increases thereto,
including all costs and expenses of Administrative Agent, and any Lender incurred in the documentation, negotiations, modification,
enforcement, collection or otherwise in connection with any of the foregoing, including but not limited to reasonable attorneys’
fees and expenses and all obligations of any Borrower to Administrative Agent, or Lenders to perform acts or refrain from taking
any action, (ii) all Hedging Obligations and (iii) all Bank Product Obligations. Notwithstanding the foregoing, “Obligations”
shall not include any Excluded Swap Obligations.

 

“OFAC”
is defined in Section 9.25.

 

“Operating
Lease” means any lease of (or other agreement conveying the right to use) any real or personal property by any Loan Party,
as lessee, other than any Capital Lease.

 

“Original
Closing Date” means November 17, 2017.

 

    13

    

    

 

“Original
Loan” is defined in the recitals of this Agreement.

 

“Original
Loan Agreement” is defined in the recitals of this Agreement.

 

“Organizational
Documents” means, with respect to any Person, any charter, memorandum, articles or certificate of incorporation or association,
certificate of organization, registration or formation, certificate of partnership or limited partnership, bylaws, operating agreement,
limited liability company agreement, or partnership agreement of such Person and any and all other applicable documents relating
to such Person’s formation, incorporation, organization or entity governance matters (including any shareholders’ or
equity holders’ agreement or voting trust agreement) and specifically includes, without limitation, any certificates of designation
for preferred stock or other forms of preferred equity.

 

“Participant”
is defined in Section 15.6.2.

 

“Patriot Act”
is defined in Section 15.16.

 

“Payment Office”
means the office of Administrative Agent located at 17 State Street, Suite 3230, New York, NY 10004 or such other office as Administrative
Agent may hereafter designate in writing to the Borrower.

 

“PBGC”
means the Pension Benefit Guaranty Corporation and any entity succeeding to any or all of its functions under ERISA.

 

“Pension Plan”
means a “pension plan”, as such term is defined in Section 3(2) of ERISA, which is subject to Title IV of ERISA
or the minimum funding standards of ERISA (other than a Multiemployer Pension Plan), and as to which Borrower or any member of
the Controlled Group may have any liability, including any liability by reason of having been a substantial employer within the
meaning of Section 4063 of ERISA at any time during the preceding five years, or by reason of being deemed to be a contributing
sponsor under Section 4069 of ERISA.

 

“Perfection
Certificate” means a perfection certificate executed and delivered to Administrative Agent by a Loan Party, in form and
substance satisfactory to Administrative Agent.

 

“Permitted
Lien” means a Lien expressly permitted hereunder pursuant to Section 11.2.

 

“Person”
means any natural person, corporation, partnership, trust, limited liability company, association, Governmental Authority or unit,
or any other entity, whether acting in an individual, fiduciary or other capacity.

 

“Prepayment
Fee” is defined in Section 5.1.

 

“Prime Rate”
means, for any day, the rate of interest in effect for such day equal to the prime rate in the United States as reported from time
to time in The Wall Street Journal or any successor publication, provided that if neither The Wall Street Journal
nor any successor publication is published, the “Prime Rate” shall mean any publication of bank or other lending institution
prevailing rates of interest charged to most favored customers as reasonably selected by Administrative Agent. Any change in such
rate of interest shall take effect at the opening of business on the day of such change. In the event The Wall Street Journal
or any successor publication (or, if neither The Wall Street Journal nor any successor publication is published, such other
authoritative source as determined in accordance herewith) publishes a range of “prime rates”, the Prime Rate shall
be the highest of the “prime rates”.

 

    14

    

    

 

“Pro Rata
Share” means, the percentage obtained by dividing (i) the principal amount of such Lender’s Term Loan by (ii) the
principal amount of all Term Loans of all Lenders.

 

“Real Estate
Documents” means, with respect to any real property owned by Borrower or any other Loan Party, all of the following (as
specified in writing by Administrative Agent in its sole discretion): (a) a duly executed Mortgage providing for a first priority
perfected Lien, in favor of Administrative Agent, in all right, title and interest of Borrower or such Subsidiary in such real
property; (b) an ALTA Loan Title Insurance Policy, issued by an insurer acceptable to Administrative Agent, insuring Administrative
Agent’s first priority Lien on such real property and containing such endorsements as Administrative Agent may reasonably
require (it being understood that the amount of coverage, exceptions to coverage and status of title set forth in such policy shall
be acceptable to Administrative Agent); (c) copies of all documents of record concerning such real property as shown on the commitment
for the ALTA Loan Title Insurance Policy referred to above; (d) original or certified copies of all insurance policies required
to be maintained with respect to such real property by this Agreement, the applicable Mortgage or any other Loan Document; (e)
a survey certified to Administrative Agent meeting such standards as Administrative Agent may reasonably establish and otherwise
reasonably satisfactory to Administrative Agent; (f) a flood insurance policy concerning such real property, if required by the
Flood Disaster Protection Act of 1973; and (g) an appraisal, prepared by an independent appraiser acceptable to Administrative
Agent, of such parcel of real property or interest in real property, which appraisal shall satisfy the requirements of the Financial
Institutions Reform, Recovery and Enforcement Act, if applicable, and shall evidence compliance with the supervisory loan-to-value
limits set forth in the Federal Deposit Insurance Corporation Improvement Act of 1991, if applicable.

 

“Register”
is defined in Section 15.7.

 

“Regulation
D” means Regulation D of the FRB.

 

“Regulation
U” means Regulation U of the FRB.

 

“Reportable
Event” means a reportable event as defined in Section 4043 of ERISA and the regulations issued thereunder as to
which the PBGC has not waived the notification requirement of Section 4043(a), or the failure of a Pension Plan to meet the
minimum funding standards of Section 412 of the Code (without regard to whether the Pension Plan is a plan described in Section 4021(a)(2)
of ERISA) or under Section 302 of ERISA.

 

“Required
Lenders” means, at any time, Lenders whose aggregate Pro Rata Shares exceed 50% (and which must include HCP-FVA).

 

    15

    

    

 

“Series A
Preferred Stock” means the Series A Convertible Preferred Stock, par value $0.001 per share, of Borrower.

 

“SEC”
means the Securities and Exchange Commission or any other governmental authority succeeding to any of the principal functions thereof.

 

“SEC Documents”
is defined in Section 9.4.

 

“Securities
Act” is defined in Section 9.4.

 

“Senior Officer”
means, with respect to any Loan Party, any of the president, the chief executive officer, the chief financial officer or the treasurer
of such Loan Party.

 

“Significant
Contract” means any written contract, agreement, instrument, permit, lease or license of any Loan Party or any Subsidiary
of any Loan Party, which is material to any such party’s business and which the termination of or the failure to comply with
could reasonably be expected to result in a Material Adverse Effect.

 

“Stockholder
Approval” is defined in Section 10.12(a).

 

“Subject Entity”
means any Person, Persons or “group” (as that term is used in Section 13(d) of the Exchange Act and as defined in Rule
13d-5 thereunder) or any Affiliate or associate of any such Person, Persons or group.

 

“Subsidiary”
means, with respect to any Person, a corporation, partnership, limited liability company or other entity of which such Person owns,
directly or indirectly, such number of outstanding Capital Securities as have more than 50% of the ordinary voting power for the
election of directors or other managers of such corporation, partnership, limited liability company or other entity. Unless the
context otherwise requires, each reference to Subsidiaries herein shall be a reference to Subsidiaries of Borrower.

 

“Swap Obligation”
means any Hedging Obligation that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange
Act, as amended from time to time.

 

“Taxes”
means any and all present and future taxes, duties, levies, imposts, deductions, assessments, charges or withholdings, and any
and all liabilities (including interest and penalties and other additions to taxes) with respect to the foregoing, but excluding
Excluded Taxes.

 

“Term Loan”
means the Initial Term Loans and Incremental Loans (if any).

 

“Term Loan
Commitment” means, as to any Lender, such Lender’s commitment to make Term Loans under this Agreement. The amount
of each Lender’s Term Loan Commitment is set forth on Annex A or in the Assignment Agreement or Joinder Agreement, as the
case may be, pursuant to which such Lender became a party hereto. The aggregate amount of the Term Loan Commitments of all Lenders
on the Closing Date is $3,000,000.

 

“Term Loan
Maturity Date” means the earlier of (a) June 30, 2021, or (b) the Termination Date.

 

    16

    

    

 

“Term Note”
means a promissory note issued to each Lender substantially in the form of Exhibit A.

 

“Termination
Date” means the earlier to occur of (a) June 30, 2021, or (b) the date on which the maturity of the Obligations
is accelerated (or deemed accelerated).

 

“Termination
Event” means, with respect to a Pension Plan that is subject to Title IV of ERISA, (a) a Reportable Event, (b) the
withdrawal of Borrower or any other member of the Controlled Group from such Pension Plan during a plan year in which Borrower
or any other member of the Controlled Group was a “substantial employer” as defined in Section 4001(a)(2) of ERISA
or was deemed such under Section 4068(f) of ERISA, (c) the termination of such Pension Plan, the filing of a notice of
intent to terminate the Pension Plan or the treatment of an amendment of such Pension Plan as a termination under Section 4041
of ERISA, (d) the institution by the PBGC of proceedings to terminate such Pension Plan or (e) any event or condition
that might constitute grounds under Section 4042 of ERISA for the termination of, or appointment of a trustee to administer,
such Pension Plan.

 

“Total Offering
Proceeds” is defined in the defined term “Financing”.

 

“Total Plan
Liability” means, at any time, the present value of all vested and unvested accrued benefits under all Pension Plans,
determined as of the then most recent valuation date for each Pension Plan, using PBGC actuarial assumptions for single employer
plan terminations.

 

“UCC”
is defined in the Guaranty and Collateral Agreement.

 

“Unfunded
Liability” means the amount (if any) by which the present value of all vested and unvested accrued benefits under all
Pension Plans exceeds the fair market value of all assets allocable to those benefits, all determined as of the then most recent
valuation date for each Pension Plan, using PBGC actuarial assumptions for single employer plan terminations.

 

“Units”
is defined in the defined term “Financing”.

 

“Variance
Report” is defined in Section 10.1.2.

 

“Weekly Budget”
is defined in Section 12.1.17.

 

“Wholly-Owned
Subsidiary” means, as to any Person, a Subsidiary all of the Capital Securities of which (except directors’ qualifying
Capital Securities) are at the time directly or indirectly owned by such Person and/or another Wholly-Owned Subsidiary of such
Person. Unless the context otherwise requires, each reference to Wholly-Owned Subsidiaries shall be a reference to Wholly-Owned
Subsidiaries of Borrower.

 

“Withholding
Certificate” is defined in Section 7.6(d).

 

1.2       
Other Interpretive Provisions.

 

    17

    

    

 

(a)        The
meanings of defined terms are equally applicable to the singular and plural forms of the defined terms.(b)Section, Annex, Schedule and
Exhibit references are to this Agreement unless otherwise specified.

 

(c)        
The term “including” is not limiting and means “including without limitation.”

 

(d)        
In the computation of periods of time from a specified date to a later specified date, the word “from” means
“from and including”; the words “to” and “until” each mean “to but excluding”,
and the word “through” means “to and including.”

 

(e)        
The words “hereof,” “herein,” “hereunder” and words of similar import when used in this
Agreement shall refer to this Agreement as a whole and not to any particular provision of this agreement.

 

(f)         
As used in the Loan Documents, the word “shall” is mandatory, the word “may” is permissive, the
word “or” is not exclusive, and numbers denoting amounts that are set off in brackets are negative. The term “continuing”
in the context of an Event of Default means that the Event of Default has not been remedied (if capable of being remedied) or waived.

 

(g)        
Unless otherwise expressly provided herein, (i) references to agreements (including this Agreement and the other Loan
Documents) and other contractual instruments shall be deemed to include all subsequent amendments, restatements, supplements and
other modifications thereto, but only to the extent such amendments, restatements, supplements and other modifications are not
prohibited by the terms of any Loan Document, (ii) references to any statute or regulation shall be construed as including
all statutory and regulatory provisions amending, replacing, supplementing or interpreting such statute or regulation and (iii)
a reference to any Person includes that Person’s successors and, to the extent permitted hereunder and in accordance herewith,
assigns.

 

(h)        
This Agreement and the other Loan Documents may use several different limitations, tests or measurements to regulate the
same or similar matters. All such limitations, tests and measurements are cumulative and each shall be performed in accordance
with its terms.

 

(i)          
This Agreement and the other Loan Documents are the result of negotiations among and have been reviewed by counsel to Administrative
Agent, Borrower, the Lenders and the other parties thereto and are the products of all parties. Accordingly, they shall not be
construed against Administrative Agent or the Lenders merely because of Administrative Agent’s or Lenders’ involvement
in their preparation.

 

Section 2       
TERM LOAN COMMITMENTS OF THE LENDERS.

 

2.1      
Term Loan Commitments. On and subject to the terms and conditions of this Agreement, each of the Lenders, severally
and for itself alone, agrees to make a term loan to Borrower on the Closing Date (each such loan, an “Initial Term Loan”)
in such Lender’s Pro Rata Share of the aggregate amount of the Term Loan Commitments of all Lenders. The Term Loan Commitments
of the Lenders shall expire concurrently with the making of the Term Loans on the Closing Date. Amounts repaid or prepaid with
respect to Term Loans may not be re-borrowed. The Term Loan Commitment of HCP-FVA, as a Lender, as of the Closing Date in the amount
of $3,000,000 includes the principal amount of the Original Loan, and the promissory note evidencing the principal amount of the
Original Loan shall be returned to Borrower upon issuance to HCP-FVA of a Term Note evidencing the Initial Term Loan in the principal
amount of $3,000,000.

 

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2.2       
Incremental Loans.

 

2.2.1      The
Borrower shall use its commercially reasonable efforts to consummate the Financing with Eligible Stockholders in a manner
consistent with Section 10.13 hereof and Schedule 10.13 hereto. The Borrower may at any time or from time to
time after the Closing Date and on or prior to September 22, 2018, by written notice delivered to the Administrative
Agent, elect to request the establishment of one or more new term loans (the “Incremental Loans”) in
connection with (and as part of) the consummation of the Financing with Eligible Stockholders in accordance with Section 10.13
and Schedule 10.13 hereto, in an aggregate amount for all such Incremental Loans not to exceed $1,000,000. Each such
notice shall specify the date (each, an “Increased Amount Date”) on which the Borrower proposes that the
Incremental Loans shall be effective; provided that any Lender offered or approached to provide all or a portion of any
Incremental Loans may elect or decline, in its sole discretion, to provide such Incremental Loans. For the avoidance of
doubt, any Eligible Stockholder purchasing Incremental Loans in connection with the Financing shall also be required to
purchase a portion of HCP-FVA’s Series A Preferred Stock in connection with the Financing. Such Incremental Loans shall
become effective as of such Increased Amount Date; provided that (i) the conditions set forth in Section 12.2 were
satisfied or waived on such Increased Amount Date before or after giving effect to such Incremental Loans; (ii) the Borrower
shall be in pro forma compliance with the financial covenant set forth in Section 11.13; (iii) the proceeds of any
Incremental Loans shall be used as permitted pursuant to Section 10.6; (iv) the Incremental Loans shall share ratably
in the Collateral and shall benefit ratably from the guarantees under the Guaranty and Collateral Agreement; (v) the
Incremental Loans shall share no greater than ratably in any mandatory prepayments of the existing Term Loans; (vi) the
Incremental Loans shall mature on the Term Loan Maturity Date; (vii) the Incremental Loans shall be subject to the same terms
and conditions as the Initial Term Loans, including with respect to interest rate, except as the relevant Joinder Agreement
otherwise provides, provided that all terms and documentation with respect to any Incremental Loans which differ from those
with respect to the Initial Term Loans shall be reasonably satisfactory to the Administrative Agent; (viii) such
Incremental Loans shall be effected pursuant to one or more Joinder Agreements executed and delivered by the Borrower, the
Administrative Agent and one or more New Lenders; and (ix) the Borrower shall deliver or cause to be delivered any customary
legal opinions or other documents reasonably requested by the Administrative Agent in connection with any such transaction,
including any supplements or amendments to the Collateral Documents providing for such Incremental Loans to be secured
thereby.

 

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2.2.3      
On any Increased Amount Date on which any Incremental Loans become effective, subject to the foregoing terms and conditions,
each lender with an Incremental Loan (each, a “New Lender”) shall become a Lender hereunder with respect to
such Incremental Loan.

 

2.2.4      
The terms and provisions of the Incremental Loans shall be, except as otherwise set forth in the relevant Joinder Agreement,
identical to those of the applicable Term Loans and for purposes of this Agreement, any Incremental Loans, when funded, shall be
deemed to be Term Loans. Each Joinder Agreement may, without the consent of any other Lenders, effect such amendments to this Agreement
and the other Loan Documents as may be necessary or appropriate, in the opinion of the Administrative Agent, to effect the provisions
of this Section 2.2.

 

Section 3       
EVIDENCING OF Term LOANS.

 

3.1       
Term Notes. At a Lender’s request, the Term Loans of such Lender shall be evidenced by a Term Note, with appropriate
insertions, payable to the order of such Lender in a face principal amount equal to the principal amount of such Lender’s
Term Loans; provided, that the Initial Term Loans shall be evidenced by a Term Note as set forth in Section 2.1.

 

3.2       
Recordkeeping. Administrative Agent, on behalf of each Lender, shall record in its records, the date and amount of
each Term Loan made by each Lender, each repayment or conversion thereof. The aggregate unpaid principal amount so recorded shall
be rebuttably presumptive evidence of the principal amount of the Term Loans owing and unpaid. The failure to so record any such
amount or any error in so recording any such amount shall not, however, limit or otherwise affect the Obligations of Borrower hereunder
or under any Term Note to repay the principal amount of the Term Loans hereunder, together with all interest accruing thereon.

 

3.3       
Allocation of Purchase Price. The Borrower, Administrative Agent and Lenders acknowledge that under the regulations
of the United States Department of Treasury, the issuance of the Term Notes and the Financing Unit Warrants for an aggregate, combined
purchase price will require the purchase price to be allocated between the Term Notes and the Financing Unit Warrants based on
their relative fair market values, which shall be based on the post-money enterprise value of Borrower set forth in the term sheet
for the proposed Financing (including the related values of the Indebtedness represented by the Notes and the Common Stock on a
post-Financing basis).  None of the Administrative Agent, the Borrower or Lenders will take any position for United States
federal income tax purposes that is inconsistent with the provisions of this Section 3.3.   The allocation of
the purchase price between the Term Notes and the Financing Unit Warrants does not modify, reduce or abrogate, in any manner, the
Borrower’s obligations under the Term Notes and the Financing Unit Warrants.

 

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Section 4       
INTEREST.

 

4.1       
Interest Rates. Borrower agrees to pay interest on the unpaid principal amount of the Term Loans, for the period
commencing on the Closing Date until such Term Loans are paid in full, at a rate per annum equal to the sum of the Prime Rate from
time to time in effect plus the Applicable Margin; provided that at any time an Event of Default exists, the interest rate
applicable to the Term Loans shall be increased by 5%; provided further that such increase may thereafter be rescinded by
the Administrative Agent and Required Lenders, notwithstanding Section 15.1. In no event shall interest payable by
Borrower to any Lender hereunder exceed the maximum rate permitted under applicable law, and if any such provision of this Agreement
is in contravention of any such law, such provision shall be deemed modified to limit such interest to the maximum rate permitted
under such law.

 

4.2       
Interest Payment Dates. Accrued interest on each Term Loan shall be payable in arrears on the first day of each calendar
month, upon a prepayment of such Term Loan and on the Term Loan Maturity Date. All such interest shall be paid in cash. Notwithstanding
anything contained herein to the contrary, after maturity, and at any time an Event of Default exists, all accrued interest on
all Term Loans shall be payable in cash on demand.

 

4.3       
Computation of Interest. Interest shall be computed for the actual number of days elapsed on the basis of a year
of 360 days per calendar year. The applicable interest rate for the Term Loan shall change simultaneously with each change in the
Prime Rate.

 

Section 5       
FEES.

 

5.1       
Prepayment Fee. Borrower agrees that if the Term Loan is prepaid at any time, in whole or in part, for any reason
(whether by voluntary prepayment by Borrower, by mandatory prepayment by Borrower pursuant to Section 6.1.2, by reason of
the occurrence of an Event of Default or the acceleration of the Term Loans, including upon the occurrence of an insolvency proceeding
of any Loan Party, or otherwise), or if the Term Loans shall become accelerated and due and payable in full, Borrower shall pay
to Administrative Agent, for the account of the Lenders in accordance with their Pro Rata Share, as compensation for the costs
of Administrative Agent and Lenders making funds available to Borrower under this Agreement, a prepayment fee (each, a “Prepayment
Fee”) calculated in accordance with this Section 5.1. Each Prepayment Fee shall be equal to an amount determined
by multiplying the principal amount prepaid by five percent (5%).

 

Section 6       
PREPAYMENTS; REPAYMENT.

 

6.1       
Prepayments.

 

6.1.1      
Voluntary Prepayments. Borrower may from time to time prepay the Term Loans in whole or in part; provided
that Borrower shall give Administrative Agent (which shall promptly advise each Lender) notice thereof not later than 10:00 A.M.,
New York time, three (3) Business Days prior to the day of such prepayment of any Term Loan (which shall be a Business Day), specifying
the date and amount of prepayment. Any such prepayment shall be made together with interest accrued thereon to and including the
date of prepayment and be in an amount equal to $500,000 or a higher integral multiple of $100,000.

 

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6.1.2      
Mandatory Prepayments.

 

(a)        
Borrower shall make a prepayment of the Term Loans upon the occurrence of any of the following at the following times and
in the following amounts, unless the Required Lenders consent to the action triggering Borrower’s prepayment obligation and
waive any prepayment obligation in connection with the taking of any such action:

 

(i)          
concurrently with the receipt by any Loan Party of any Net Cash Proceeds from any Asset Disposition, in an amount equal
to 100% (or such lesser amount as is required to indefeasibly pay in cash in full the Obligations) of such Net Cash Proceeds;

 

(ii)       
 concurrently with the receipt by any Loan Party of any Net Cash Proceeds from any issuance of Capital Securities of any
Loan Party or from any capital contribution (excluding (x) any issuance by Borrower of Common Stock to an employee, consultant
or director pursuant to any equity compensation plan, benefit plan or compensation program, (y) any issuance by Borrower of the
Financing Unit Warrants in connection with the consummation of the Financing in accordance with Section 10.13 and Schedule
10.13 hereto and the Common Stock issuable upon exercise thereof and (z) any issuance by a Subsidiary to Borrower or another
Subsidiary), in an amount equal to 100% (or such lesser amount as is required to indefeasibly pay in cash in full the Obligations)
of such Net Cash Proceeds;

 

(iii)        concurrently with the receipt by any Loan Party of any Net Cash Proceeds from any issuance of any Debt of any Loan Party
(excluding Debt permitted by Section 11.1 and Debt consisting of an Incremental Loan in accordance with Section
2.2), in an amount equal to 100% (or such lesser amount as is required to indefeasibly pay in cash in full the Obligations)
of such Net Cash Proceeds;

 

(iv)       concurrently with the receipt by any Loan Party of any Extraordinary Receipts, in an amount equal to 100% (or such lesser
amount as is required to indefeasibly pay in cash in full the Obligations) of such Extraordinary Receipts to the extent the amount
of such Extraordinary Receipts are not reinvested in the business of the Loan Parties and their Subsidiaries within thirty (30)
days following receipt thereof; and

 

(v)       
concurrently with the occurrence of any Change of Control, in an amount equal to 100% of the outstanding principal balance
of the Term Loans, together with all other Obligations outstanding.

 

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(b)        
Any such prepayment pursuant to Section 6.1.2(a) shall be made together with accrued but unpaid interest thereon
to and including the date of prepayment.

 

6.2       
Manner of Prepayments. All prepayments of Term Loans shall be applied (i) first, to fees and expenses payable
to the Agent hereunder, (ii) second, to all other fees and expenses payable hereunder, (iii) third, to payment of
the Prepayment Fee if applicable, (iv) fourth, to accrued but unpaid interest, and (v) finally, applied pro rata
among the Term Loans according to the principal amounts thereof.

 

6.3       
Repayment. Unless sooner paid in full, the outstanding principal balance of the Term Loans together with all accrued
but unpaid interest and all other Obligations outstanding shall be paid in full on the Term Loan Maturity Date.

 

Section 7       
MAKING AND PRORATION OF PAYMENTS; SETOFF; TAXES.

 

7.1       
Making of Payments. All payments of principal or interest on the Term Note(s), and of all fees, shall be made by
Borrower to Administrative Agent in immediately available funds at the Payment Office not later than noon, New York time, on the
date due; and funds received after that hour shall be deemed to have been received by Administrative Agent on the following Business
Day. Administrative Agent shall promptly remit to each Lender its share of all such payments received in collected funds by Administrative
Agent for the account of such Lender. All payments under Section 8.1 shall be made by Borrower directly to the Lender
entitled thereto without setoff, counterclaim or other defense.

 

7.2       
Application of Certain Payments. So long as no Default or Event of Default has occurred and is continuing, voluntary
and mandatory prepayments shall be applied as set forth in Section 6.2. After the occurrence and during the continuance
of a Default or an Event of Default, all amounts collected or received by Administrative Agent or any Lender as proceeds from the
sale of, or other realization upon, all or any part of the Collateral shall be applied as set forth in the Guaranty and Collateral
Agreement.

 

7.3       
Due Date Extension. If any payment of principal or interest with respect to the Term Loans, or of any fees, falls
due on a day which is not a Business Day, then such due date shall be extended to the immediately following Business Day and, in
the case of principal, additional interest shall accrue and be payable for the period of any such extension.

 

7.4       
Setoff. Borrower, for itself and each other Loan Party, agrees that Administrative Agent and each Lender have all
rights of set-off and bankers’ lien provided by applicable law, and in addition thereto, Borrower, for itself and each other
Loan Party, agrees that at any time any Event of Default exists, Administrative Agent and each Lender may apply to the payment
of any Obligations of Borrower and each other Loan Party hereunder, whether or not then due, any and all balances, credits, deposits,
accounts or moneys of Borrower and each other Loan Party then or thereafter with Administrative Agent or such Lender.

 

7.5       
Proration of Payments. If any Lender shall obtain any payment or other recovery (whether voluntary, involuntary,
by application of offset or otherwise), on account of principal of or interest on any Term Loan (but excluding any payment pursuant
to Sections 8 or 15.6) or (b) other recoveries obtained by all Lenders on account of principal of and interest
on the Term Loans (or such participation) then held by them, then such Lender shall purchase from the other Lenders such participations
in the Term Loans held by them as shall be necessary to cause such purchasing Lender to share the excess payment or other recovery
ratably with each of them; provided that if all or any portion of the excess payment or other recovery is thereafter recovered
from such purchasing Lender, the purchase shall be rescinded and the purchase price restored to the extent of such recovery.

 

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7.6       
Taxes.

 

(a)        
All payments made by Borrower hereunder or under any Loan Documents shall be made without setoff, counterclaim, or other
defense. To the extent permitted by applicable law, all payments hereunder or under the Loan Documents (including any payment of
principal, interest, or fees) to, or for the benefit, of any Person shall be made by Borrower free and clear of and without deduction
or withholding for, or account of, any Taxes now or hereinafter imposed by any taxing authority.

 

(b)        
If Borrower makes any payment hereunder or under any Loan Document in respect of which it is required by applicable law
to deduct or withhold any Taxes, Borrower shall increase the payment hereunder or under any such Loan Document such that after
the reduction for the amount of Taxes withheld (and any taxes withheld or imposed with respect to the additional payments required
under this Section 7.6(b)), the amount paid to the Lenders or Administrative Agent equals the amount that was payable
hereunder or under any such Loan Document without regard to this Section 7.6(b). To the extent Borrower withholds any
Taxes or any Excluded Taxes on payments hereunder or under any Loan Document, Borrower shall pay the full amount deducted to the
relevant taxing authority within the time allowed for payment under applicable law and shall deliver to Administrative Agent within
30 days after it has made payment to such authority a receipt issued by such authority (or other evidence satisfactory to Administrative
Agent) evidencing the payment of all amounts so required to be deducted or withheld from such payment.

 

(c)        
If any Lender or Administrative Agent is required by law to make any payments of any Taxes on or in relation to any amounts
received or receivable hereunder or under any other Loan Document, or any Tax is assessed against a Lender or Administrative Agent
with respect to amounts received or receivable hereunder or under any other Loan Document, Borrower will indemnify such person
against (i) such Tax (and any reasonable counsel fees and expenses associated with such Tax) and (ii) any taxes imposed
as a result of the receipt of the payment under this Section 7.6(c). A certificate prepared in good faith as to the
amount of such payment by such Lender or Administrative Agent shall, absent manifest error, be final, conclusive, and binding on
all parties.

 

(d)        
(i) To the extent permitted by applicable law, each Lender that is not a United States person within the meaning of
Code Section 7701(a)(30) (a “Non-U.S. Participant”) shall deliver to Borrower and Administrative Agent
on or prior to the Closing Date (or in the case of a Lender that is an Assignee, on the date of such assignment to such Lender)
two accurate and complete original signed copies of IRS Form W-8BEN, W-8ECI, or W-8IMY (or any successor or other applicable form
prescribed by the IRS) certifying to such Lender’s entitlement to a complete exemption from, or a reduced rate in, United
States withholding tax on interest payments to be made hereunder or any Term Loan. If a Lender that is a Non-U.S. Participant is
claiming a complete exemption from withholding on interest pursuant to Code Sections 871(h) or 881(c), the Lender shall deliver
(along with two accurate and complete original signed copies of IRS Form W-8BEN) a certificate in form and substance reasonably
acceptable to Administrative Agent (any such certificate, a “Withholding Certificate”). In addition, each Lender
that is a Non-U.S. Participant agrees that from time to time after the Closing Date (or in the case of a Lender that is an Assignee,
after the date of the assignment to such Lender), when a lapse in time (or change in circumstances occurs) renders the prior certificates
hereunder obsolete or inaccurate in any material respect, such Lender shall, to the extent permitted under applicable law, deliver
to Borrower and Administrative Agent two new and accurate and complete original signed copies of an IRS Form W-8BEN, W-8ECI, or
W-8IMY (or any successor or other applicable forms prescribed by the IRS), and if applicable, a new Withholding Certificate, to
confirm or establish the entitlement of such Lender or Administrative Agent to an exemption from, or reduction in, United States
withholding tax on interest payments to be made hereunder or any Term Loan.

 

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(ii)       
Each Lender that is not a Non-U.S. Participant (other than any such Lender which is taxed as a corporation for U.S. federal
income tax purposes) shall provide two properly completed and duly executed copies of IRS Form W-9 (or any successor or other applicable
form) to Borrower and Administrative Agent certifying that such Lender is exempt from United States backup withholding tax. To
the extent that a form provided pursuant to this Section 7.6(d)(ii) is rendered obsolete or inaccurate in any material
respect as result of change in circumstances with respect to the status of a Lender, such Lender shall, to the extent permitted
by applicable law, deliver to Borrower and Administrative Agent revised forms necessary to confirm or establish the entitlement
to such Lender’s or Administrative Agent’s exemption from United States backup withholding tax.

 

(iii)     
Notwithstanding anything herein to the contrary, Borrower shall not be required to pay additional amounts to a Lender or
to Administrative Agent, or indemnify any Lender or Administrative Agent, under this Section 7.6 to the extent that
such obligations would not have arisen but for the failure of a Lender to comply with Section 7.6(d).

 

(iv)    
Subject to the foregoing clause (d)(iii), each Lender agrees to indemnify Administrative Agent and hold Administrative
Agent harmless for the full amount of any and all present or future Taxes and related liabilities (including penalties, interest,
additions to tax and expenses, and any Taxes imposed by any jurisdiction on amounts payable to Administrative Agent under this
Section 7.6) which are imposed on or with respect to principal, interest or fees payable to such Lender hereunder and
which are not paid by Borrower pursuant to this Section 7.6, whether or not such Taxes or related liabilities were
correctly or legally asserted. This indemnification shall be made within 30 days from the date Administrative Agent makes written
demand therefor.

 

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Section 8       
INCREASED COSTS.

 

8.1       
Increased Costs.

 

(a)        
If, after the date hereof, the adoption of, or any change in, any applicable law, rule or regulation, or any change in the
interpretation or administration of any applicable law, rule or regulation by any Governmental Authority, central bank or comparable
agency charged with the interpretation or administration thereof, or compliance by any Lender with any request or directive (whether
or not having the force of law) of any such authority, central bank or comparable agency: (i) shall impose, modify or deem
applicable any reserve (including any reserve imposed by the FRB), special deposit or similar requirement against assets of, deposits
with or for the account of, or credit extended by any Lender; or (ii) shall impose on any Lender any other condition affecting
its Term Loans or its Term Note; and the result of anything described in clauses (i) and (ii) above is to increase the
cost to (or to impose a cost on) such Lender of maintaining any Term Loan, or to reduce the amount of any sum received or receivable
by such Lender under this Agreement or under its Term Note with respect thereto, then upon demand by such Lender (which demand
shall be accompanied by a statement setting forth the basis for such demand and a calculation of the amount thereof in reasonable
detail, a copy of which shall be furnished to Administrative Agent), Borrower shall pay directly to such Lender such additional
amount as will compensate such Lender for such increased cost or such reduction.

 

(b)        
If any Lender shall reasonably determine that any change in, or the adoption or phase-in of, any applicable law, rule or
regulation regarding capital adequacy, or any change in the interpretation or administration thereof by any Governmental Authority,
central bank or comparable agency charged with the interpretation or administration thereof, or the compliance by any Lender or
any Person controlling such Lender with any request or directive regarding capital adequacy (whether or not having the force of
law) of any such authority, central bank or comparable agency, has or would have the effect of reducing the rate of return on such
Lender’s or such controlling Person’s capital as a consequence of such Lender’s obligations hereunder to a level
below that which such Lender or such controlling Person could have achieved but for such change, adoption, phase-in or compliance
(taking into consideration such Lender’s or such controlling Person’s policies with respect to capital adequacy) by
an amount deemed by such Lender or such controlling Person to be material, then from time to time, upon demand by such Lender (which
demand shall be accompanied by a statement setting forth the basis for such demand and a calculation of the amount thereof in reasonable
detail, a copy of which shall be furnished to Administrative Agent), Borrower shall pay to such Lender such additional amount as
will compensate such Lender or such controlling Person for such reduction.

 

8.2       
Mitigation of Circumstances. Each Lender shall promptly notify Borrower and Administrative Agent of any event of
which it has knowledge which will result in, and will use reasonable commercial efforts available to it (and not, in such Lender’s
sole judgment, otherwise disadvantageous to such Lender) to mitigate or avoid, any obligation by Borrower to pay any amount pursuant
to Sections 7.6 or 8.1 (and, if any Lender has given notice of any such event described above and thereafter
such event ceases to exist, such Lender shall promptly so notify Borrower and Administrative Agent). Without limiting the foregoing,
each Lender will designate a different funding office if such designation will avoid (or reduce the cost to Borrower of) any event
described above and such designation will not, in such Lender’s sole judgment, be otherwise disadvantageous to such Lender.

 

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8.3       
Conclusiveness of Statements; Survival of Provisions. Determinations and statements of any Lender pursuant to Section 8.1
shall be conclusive absent manifest error. Lenders may use reasonable averaging and attribution methods in determining compensation
under Section 8.1 and the provisions of such Section shall survive repayment of the Obligations, cancellation
of any Term Note(s), expiration and termination of this Agreement. For purposes of this Agreement, the Dodd-Frank Wall Street Reform
and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith, and
all requests, rules, guidelines or directives promulgated by the Bank for International settlements, the Basel Committee on Banking
Supervision (or any successor or similar authority) or the United States regulatory authorities, in each case pursuant to Basel
III, shall in each case be deemed to be adopted and gone into effect after the date of this Agreement.

 

Section 9       
REPRESENTATIONS AND WARRANTIES.

 

To induce Administrative
Agent and the Lenders to enter into this Agreement and to induce the Lenders to make Term Loans hereunder, Borrower and each Loan
Party represents and warrants to Administrative Agent and the Lenders that:

 

9.1       
Organization. Each Loan Party and each of their respective Subsidiaries is validly existing and in good standing
under the laws of its jurisdiction of organization; and each Loan Party and each of its Subsidiaries is duly qualified to do business
and in good standing in each jurisdiction where, because of the nature of its activities or properties, such qualification is required,
except for such jurisdictions where the failure to so qualify could not reasonably be expected to have a Material Adverse Effect.

 

9.2       
Authorization; No Conflict. Each Loan Party is duly authorized to execute and deliver each Loan Document to which
it is a party, Borrower is duly authorized to borrow monies hereunder and to issue the Financing Unit Warrants and the Loan &
Backstop Warrants, and each Loan Party and each of its Subsidiaries is duly authorized to perform its obligations under each Loan
Document to which it is a party and, in the case of Borrower, under each Financing Unit Warrant and Loan & Backstop Warrant.
The execution, delivery and performance by each Loan Party and each of its Subsidiaries of each Loan Document to which it is a
party, and the borrowings by Borrower hereunder, and the issuance by Borrower of the Loan & Backstop Warrants and the Financing
Unit Warrants, do not and will not (a) require any consent or approval of any governmental agency or authority (other than
any consent or approval which has been obtained and is in full force and effect), (b) conflict with (i) any provision
of law, (ii) the Organizational Documents of any Loan Party and any of their respective Subsidiaries (subject, in the case
of the Financing Unit Warrants, to receipt of Stockholder Approval for the issuance of the shares of Common Stock underlying the
Financing Unit Warrants) or (iii) in any material respect, any agreement, indenture, instrument or other document, or any
judgment, order or decree, which is binding upon any Loan Party and any of its Subsidiaries or any of their respective properties
or (c) require, or result in, the creation or imposition of any Lien on any asset of any Loan Party (other than Liens in favor
of Administrative Agent created pursuant to the Collateral Documents).

 

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9.3       
Validity and Binding Nature. Each of this Agreement and each other Loan Document to which any Loan Party or any Subsidiary
of a Loan Party is a party, and each of the Financing Unit Warrants and the Loan & Backstop Warrants, is the legal, valid and
binding obligation of such Person, enforceable against such Person in accordance with its terms, subject to bankruptcy, insolvency
and similar laws affecting the enforceability of creditors’ rights generally and to general principles of equity.

 

9.4       
SEC Documents. Except as disclosed in Schedule 9.4, during the twelve (12) months prior to the Closing Date,
Borrower has timely filed all reports, schedules, forms, statements and other documents required to be filed by it with the SEC
pursuant to the reporting requirements of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)
(all of the foregoing filed during the twelve (12) months prior to the Closing Date, and all exhibits included therein and financial
statements, notes and schedules thereto and documents incorporated by reference therein being hereinafter referred to as the “SEC
Documents”).  As of their respective filing dates, the SEC Documents comply in all material respects with the
requirements of the Exchange Act and the rules and regulations of the SEC promulgated thereunder applicable to the SEC Documents,
and none of the SEC Documents, at the time they were filed with the SEC, contained any untrue statement of a material fact or omitted
to state a material fact required to be stated therein or necessary in order to make the statements therein, in the light of the
circumstances under which they were made, not misleading.  The SEC has not issued any stop order or other order suspending
the effectiveness of any registration statement filed by Borrower or any Subsidiary under the Exchange Act or the Securities Act
of 1933, as amended (the “Securities Act”).  As of their respective filing dates, the financial statements
of Borrower included in the SEC Documents complied as to form in all material respects with applicable accounting requirements
and the published rules and regulations of the SEC with respect to financial statements included in the SEC Documents.  Such
financial statements have been prepared in accordance with GAAP, consistently applied, during the periods involved (except (i)
as may be otherwise indicated in such financial statements or the notes thereto, or (ii) in the case of unaudited interim statements,
to the extent they may exclude footnotes or may be condensed or summary statements) and fairly present in all material respects
the financial position of Borrower as of the dates thereof and the results of its operations and cash flows for the periods then
ended (subject, in the case of unaudited statements, to normal year-end audit adjustments).

 

9.5       
No Material Adverse Change. Except as set forth on Schedule 9.5, since September 30, 2017, there has been
no material adverse change in the financial condition, operations, assets, business, or properties of (i) the Loan Parties taken
as a whole, or (ii) the Loan Parties and their Subsidiaries taken as a whole.

 

9.6      
Litigation; Liabilities. No litigation (including derivative actions), arbitration proceeding or governmental investigation
or proceeding is pending or, to Borrower’s knowledge, threatened against any Loan Party or any Subsidiary of a Loan Party
which could reasonably be expected to result in damages or costs to any Loan Party in excess of $100,000 not covered by independent
third party insurance, except as set forth in Schedule 9.6. As of the Closing Date, other than any liability incident
to such litigation or proceedings, there are no liabilities or indebtedness (including contingent and indirect liabilities) which
are material to the Loan Parties and are not reflected in the most recent financial statement included in the SEC Documents, listed
on Schedule 9.6 or permitted by Section 11.1.

 

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9.7       
Ownership of Properties; Liens. None of the Loan Parties owns any real property. Each Loan Party and each of its
Subsidiaries owns good title to, or in the case of leased assets, has a valid leasehold interest in, or in the case of intellectual
property rights, has a valid and enforceable rights to use, all of its properties and assets, real and personal, tangible and intangible,
of any nature whatsoever (including patents, trademarks, trade names, service marks and copyrights), free and clear of all Liens,
charges and claims (including infringement claims with respect to patents, trademarks, service marks, copyrights and the like)
except for Liens permitted by Section 11.2. No financing statement or other public notice with respect to all or any
part of the Collateral is on file or of record in any public office, except filings evidencing Liens permitted by Section 11.2,
and filings for which termination statements have been delivered to Administrative Agent.

 

9.8       
Equity Ownership; Subsidiaries. All issued and outstanding Capital Securities of each Loan Party and each of its
Subsidiaries are duly authorized and validly issued, fully paid, non-assessable, and free and clear of all Liens other than those
in favor of Administrative Agent, and such securities were issued in substantial compliance with all applicable state and federal
laws concerning the issuance of securities. Schedule 9.8 sets forth all issued and outstanding Capital Securities of
each Loan Party and each of its Subsidiaries, and their ownership, as of the Closing Date. As of the Closing Date, except for (x)
the HCP-FVA Financing Unit Warrants, the Loan & Backstop Warrants and the Series A Preferred Stock, (y) options to purchase
Common Stock issued pursuant to any equity compensation plan, benefit plan or compensation program approved by the Board, and (z)
with respect to the Financing as contemplated by Section 10.13, there are no pre-emptive or other outstanding rights, options,
warrants, conversion rights or other similar agreements or understandings for the purchase or acquisition of any Capital Securities
of any Loan Party or any Subsidiary of any Loan Party.

 

9.9       
Pension Plans.

 

(a)        
The Unfunded Liability of all Pension Plans does not in the aggregate exceed twenty percent of the Total Plan Liability
for all such Pension Plans. Each Pension Plan complies in all material respects with all applicable requirements of law and regulations.
No contribution failure under Section 430 of the Code, Section 303 of ERISA or the terms of any Pension Plan has occurred
with respect to any Pension Plan, sufficient to give rise to a Lien under Section 303(k) of ERISA, or otherwise to have a
Material Adverse Effect. There are no pending or, to the knowledge of Borrower, threatened, claims, actions, investigations or
lawsuits against any Pension Plan, any fiduciary of any Pension Plan, or any Loan Party or any other member of the Controlled Group
with respect to a Pension Plan or a Multiemployer Pension Plan which could reasonably be expected to have a Material Adverse Effect.
No Loan Party and no other member of the Controlled Group has engaged in any prohibited transaction (as defined in Section 4975
of the Code or Section 406 of ERISA) in connection with any Pension Plan or Multiemployer Pension Plan which would subject
that Person to any material liability. Within the past five years, no Loan Party and no other member of the Controlled Group has
engaged in a transaction which resulted in a Pension Plan with an Unfunded Liability being transferred out of the Controlled Group,
which could reasonably be expected to have a Material Adverse Effect. No Termination Event has occurred or is reasonably expected
to occur with respect to any Pension Plan, which could reasonably be expected to have a Material Adverse Effect.

 

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(b)        
All contributions (if any) have been made to any Multiemployer Pension Plan that are required to be made by Loan Parties
or any other member of the Controlled Group under the terms of the plan or of any collective bargaining agreement or by applicable
law; no Loan Party and no other member of the Controlled Group has withdrawn or partially withdrawn from any Multiemployer Pension
Plan, incurred any withdrawal liability with respect to any such plan or received notice of any claim or demand for withdrawal
liability or partial withdrawal liability from any such plan, and no condition has occurred which, if continued, could result in
a withdrawal or partial withdrawal from any such plan; and no Loan Party and no other member of the Controlled Group has received
any notice that any Multiemployer Pension Plan is in reorganization, that increased contributions may be required to avoid a reduction
in plan benefits or the imposition of any excise tax, that any such plan is or has been funded at a rate less than that required
under Section 412 of the Code, that any such plan is or may be terminated, or that any such plan is or may become insolvent.

 

9.10      
Investment Company Act. No Loan Party and no Subsidiary of any Loan Party is an “investment company”
or a company “controlled” by an “investment company” or a “subsidiary” of an “investment
company,” within the meaning of the Investment Company Act of 1940.

 

9.11      
Compliance with Laws. Each Loan Party and each Subsidiary thereof is in compliance in all material respects with
the requirements of all laws and all orders, writs, injunctions and decrees applicable to it or to its properties, except with
respect to any such requirement of law or order, writ, injunction or decree that is being contested in good faith by appropriate
proceedings diligently conducted.

 

9.12      
Regulation U. No Loan Party and no Subsidiary of any Loan Party is engaged principally, or as one of its important
activities, in the business of extending credit for the purpose of purchasing or carrying Margin Stock.

 

9.13      
Taxes. Each Loan Party and each of its Subsidiaries has timely filed all federal tax returns and material state tax
returns and reports required by law to have been filed by it and has paid all taxes and governmental charges due and payable with
respect to such return, except any such taxes or charges which are being diligently contested in good faith by appropriate proceedings
and for which adequate reserves in accordance with GAAP shall have been set aside on its books. The Loan Parties and their Subsidiaries
have made adequate reserves on their books and records in accordance with GAAP for all taxes that have accrued but which are not
yet due and payable. No Loan Party and no Subsidiary of any Loan Party has participated in any transaction that relates to a year
of the taxpayer (which is still open under the applicable statute of limitations) which is a “reportable transaction”
within the meaning of Treasury Regulation Section 1.6011-4(b)(2) (irrespective of the date when the transaction was entered
into).

 

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9.14      
Solvency. The fair salable value (taken on a going concern basis) of each Loan Party’s assets exceeds the fair
value of its liabilities; each Loan Party is not left with unreasonably small capital after the transactions in this Agreement;
and each Loan Party is able to pay its debts (including trade debts) as they mature.

 

9.15      
Environmental Matters. Except as would not reasonably be expected to have a Material Adverse Effect:

 

(a)        
Each of the Facilities and all past and current operations at or from the Facilities by or on behalf of any Loan Party or
any of its Subsidiaries are in compliance with all applicable Environmental Laws, and there is no violation of any Environmental
Law with respect to the Facilities or the Loan Party’s or any Subsidiary’s operations, and there are no conditions
relating to the Facilities or the Loan Party’s or any Subsidiary’s operations that could reasonably be expected to
give rise to any material liability or obligation under any applicable Environmental Laws.

 

(b)        
None of the Facilities contains any Hazardous Substances at, on or under the Facilities in amounts or concentrations that
constitute a violation of, or could give rise to liability under, Environmental Laws.

 

(c)        
Each Loan Party and each of its Subsidiaries has obtained, and maintained in good standing, all licenses, permits, authorizations,
registrations and other approvals required under any Environmental Law and required for their respective ordinary course operations,
and each Loan Party and each of its Subsidiaries is in compliance with all terms and conditions thereof.

 

(d)        
No Loan Party and no Subsidiary of any Loan Party has received or reasonably anticipates the issuance of any written or
verbal notice of, or inquiry from, or agreement with, any federal, state or local governmental authority regarding any violation,
alleged violation, non-compliance, liability or potential liability arising under Environmental Laws with regard to any of the
Facilities or the Loan Party’s or any Subsidiary’s operations, nor does any Loan Party or any Subsidiary of any Loan
Party have knowledge or reason to believe that any such notice will be received or is being threatened.

 

(e)        
Hazardous Substances have not been transported or disposed of from the Facilities, or generated, treated, stored or disposed
of at, on or under any of the Facilities or any other location, in each case by or on behalf of any Loan Party or any Subsidiary
of any Loan Party, or arising from any Loan Party’s or any Subsidiary’s operations, in violation of, or in a manner
that would be reasonably likely to give rise to liability under, any applicable Environmental Law.

 

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(f)         
No judicial proceeding or governmental or administrative action is pending or, to the knowledge of the Loan Parties and
their respective Subsidiaries, threatened, under any Environmental Law to which any Loan Party or any of its Subsidiaries is or
will be named as a party, nor are there any consent decrees or other decrees, consent orders, administrative orders or other orders,
or other administrative or judicial requirements outstanding under any Environmental Law with respect to any Loan Party or any
Subsidiary, the Facilities or the Loan Parties’ or any Subsidiary’s operations.

 

(g)        
There has been no release of Hazardous Substances at or from the Facilities by, or arising from or related to the operations
(including disposal) of, any Loan Party or any Subsidiary in connection with the Facilities or otherwise in connection with the
Loan Parties’ or any Subsidiary’s operations, in violation of or in amounts or in a manner that could reasonably be
expected to give rise to liability under Environmental Laws.

 

(h)        
No Loan Party and no Subsidiary of any Loan Party has any underground storage tanks that are not properly registered or
permitted under applicable Environmental Laws or that, to the knowledge of the Loan Parties and their respective Subsidiaries,
at any time have released, leaked, disposed of or otherwise discharged Hazardous Substances.

 

9.16     
Insurance. Set forth on Schedule 9.16 is a complete and accurate summary of the property and casualty
insurance program of the Loan Parties and each of their respective Subsidiaries as of the Closing Date (including the names of
all insurers, policy numbers, expiration dates, amounts and types of coverage, annual premiums, exclusions, deductibles, self-insured
retention, and a description in reasonable detail of any self-insurance program, retrospective rating plan, fronting arrangement
or other risk assumption arrangement involving any Loan Party). Each Loan Party and each of its Subsidiaries and its properties
are insured with financially sound and reputable insurance companies which are not Affiliates of the Loan Parties, in such amounts,
with such deductibles and covering such risks as are customarily carried by companies engaged in similar businesses and owning
similar properties in localities where such Loan Parties or such Subsidiaries operate.

 

9.17      
Real Property. Set forth on Schedule 9.17 is a complete and accurate list, as of the Closing Date, of
the address of all real property leased by any Loan Party, together with the name and mailing address of the lessor of such property.

 

9.18      
Information. All information (excluding projections and forecasts which are not covered by this Section 9.18),
taken as a whole, heretofore or contemporaneously herewith furnished in writing by the Loan Parties and their Subsidiaries to Administrative
Agent or any Lender for purposes of or in connection with this Agreement and the transactions contemplated hereby (as modified
or supplemented by other written information so furnished) is, and all written information hereafter furnished by or on behalf
of any Loan Party or any Subsidiary to Administrative Agent or any Lender pursuant hereto or in connection herewith will be, true
and accurate in every material respect on the date as of which such information is dated or certified, and none of such information
is or will be incomplete by omitting to state any material fact necessary to make such information (taken as a whole) not misleading
in light of the circumstances under which made.

 

9.19     
Intellectual Property. Each of the Loan Parties and their Subsidiaries owns or licenses or otherwise has the right
to use all material licenses, permits, patents, patent applications, trademarks, trademark applications, service marks, trade names,
copyrights, copyright applications, franchises, authorizations, non-governmental licenses and permits, and other intellectual property
rights that are necessary and material for the operation of its business, without infringement upon or conflict with the rights
of any other Person with respect thereto. Set forth on Schedule 9.19 is a complete and accurate list as of the Closing Date of
all such material licenses, permits, patents, patent applications, trademarks, trademark applications, service marks, trade names,
copyrights, copyright applications, franchises, authorizations, non-governmental licenses and permits, and other intellectual property
rights of each of the Loan Parties and their Subsidiaries. No slogan or other advertising device, product, process, method, substance,
part, or other material now employed by any of the Loan Parties and their Subsidiaries infringes upon or conflicts with any rights
owned by any other Person, and no known claim or litigation regarding any of the foregoing is pending or threatened.

 

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9.20      Location
of Bank Accounts. Schedule 9.20 sets forth a complete and accurate list as of the Closing Date of all deposit,
checking, and other bank accounts, all securities and other accounts maintained with any broker dealer or other
securities intermediary, and all other similar accounts maintained by each Loan Party, together with a description thereof
(including the bank, broker dealer, or securities intermediary at which each such account is maintained and the account
number and the purpose thereof). Labor Matters. Except as set forth on Schedule 9.21, no Loan Party and no
Subsidiary of any Loan Party is subject to any labor or collective bargaining agreement. There are no existing or threatened
strikes, lockouts or other labor disputes involving any Loan Party or any Subsidiary of any Loan Party that singly or in the
aggregate could reasonably be expected to have a Material Adverse Effect. Hours worked by and payment made to employees of
the Loan Parties and each of their respective Subsidiaries are not in violation of the Fair Labor Standards Act or any other
applicable law, rule or regulation dealing with such matters.

 

9.22      
Anti-Terrorism Laws.

 

(a)        
No Loan Party and no Subsidiary of any Loan Party (and, to the knowledge of each Loan Party, no joint venture or Affiliate
thereof) is in violation in any material respects of any United States Requirements of Law relating to terrorism, sanctions or
money laundering (the “Anti-Terrorism Laws”), including the United States Executive Order No. 13224 on
Terrorist Financing (the “Anti-Terrorism Order”) and the Patriot Act.

 

(b)        
No Loan Party and no Subsidiary of any Loan Party (and, to the knowledge of each Loan Party, no joint venture or Affiliate
thereof) (i) is listed in the annex to, or is otherwise subject to the provisions of, the Anti-Terrorism Order, (ii) is
owned or controlled by, or acting for or on behalf of, any person listed in the annex to, or is otherwise subject to the provisions
of, the Anti-Terrorism Order, (iii) commits, threatens or conspires to commit or supports “terrorism” as defined
in the Anti-Terrorism Order or (iv) is named as a “specially designated national and blocked person” in the most
current list published by OFAC.

 

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(c)        
No Loan Party and no Subsidiary of any Loan Party (and, to the knowledge of each Loan Party, no joint venture or Affiliate
thereof) (i) conducts any business or engages in making or receiving any contribution of funds, goods or services to or for
the benefit of any person described in clauses (b)(i) through (b)(iv) above, (ii) deals in, or otherwise engages
in any transactions relating to, any property or interests in property blocked pursuant to the Anti-Terrorism Order or (iii) engages
in or conspires to engage in any transaction that evades or avoids, or has the purpose of evading or avoiding, or attempts to violate,
any of the prohibitions set forth in any Anti-Terrorism Law.

 

9.23      
No Default. No Default or Event of Default exists or would result from the incurrence by any Loan Party or any Subsidiary
of any Loan Party of any Obligation or other Debt hereunder or under any other Loan Document on the Closing Date.

 

9.24      
Hedging Agreements. No Loan Party is a party to any Hedging Agreement.

 

9.25      
OFAC. Each Loan Party and each of its Subsidiaries is and will remain in compliance in all material respects with
all U.S. economic sanctions laws, Executive Orders and implementing regulations as promulgated by the U.S. Treasury Department’s
Office of Foreign Assets Control (“OFAC”), and all applicable anti-money laundering and counter-terrorism financing
provisions of the Bank Secrecy Act and all regulations issued pursuant to it. No Loan Party and no Affiliate of a Loan Party (i) is
a Person designated by the U.S. government on the list of the Specially Designated Nationals and Blocked Persons (the “SDN
List”) with which a U.S. Person cannot deal with or otherwise engage in business transactions, (ii) is a Person
who is otherwise the target of U.S. economic sanctions laws such that a U.S. Person cannot deal or otherwise engage in business
transactions with such Person or (iii) is controlled by (including without limitation by virtue of such person being a director
or owning voting shares or interests), or acts, directly or indirectly, for or on behalf of, any person or entity on the SDN List
or a foreign government that is the target of U.S. economic sanctions prohibitions such that the entry into, or performance under,
this Agreement or any other Loan Document would be prohibited under U.S. law.

 

9.26      
Patriot Act. Loan Parties and each of their Affiliates are in compliance with (a) the Trading with the Enemy
Act, and each of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B Chapter V,
as amended) and any other enabling legislation or executive order relating thereto, (b) the Patriot Act and (c) other
federal or state laws relating to “know your customer” and anti-money laundering rules and regulations. No part
of the proceeds of any Term Loan will be used directly or indirectly for any payments to any government official or employee, political
party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to
obtain, retain or direct business or obtain any improper advantage, in violation of the United States Foreign Corrupt Practices
Act of 1977.

 

9.27      
Customers and Suppliers. Schedule 9.27 sets forth the complete and accurate list of (a) the 10 largest customers
of the Loan Parties (measured by aggregate billing on a consolidated basis) during the Fiscal Year most recently ended, indicating
the amount billed to each such customer, and (b) the 10 largest suppliers of materials, products or services to the Loan Parties
(measured by the aggregate amount purchased on a consolidated basis) during the Fiscal Year most recently ended, indicating the
amount purchased from each such supplier.

 

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9.28      
Significant Contracts. The Loan Parties have made available to the Administrative Agent a true and complete copy
of each Significant Contract requested by the Administrative Agent. No Loan Party is in default in the performance, observance,
or fulfillment of any of the material obligations, covenants, or conditions contained in any Significant Contract to which it is
a party, except to the extent such defaults could not reasonably be expected, individually or in the aggregate, to have a Material
Adverse Effect.

 

9.29      
Warrants. The Loan & Backstop Warrants and the Financing Unit Warrants, and the shares of Common Stock issuable
upon exercise thereof, have been duly authorized by all necessary action on the part of Borrower and no further consent or action
is required by the Borrower, or its Board or stockholders in connection therewith, other than, in the case of the Financing Unit
Warrants, Stockholder Approval to increase the number of authorized shares of Common Stock under the Borrower’s Organizational
Documents in order to permit the exercise of the Financing Unit Warrants. Borrower has reserved the number of shares of Common
Stock underlying the Loan & Backstop Warrants to permit the full exercise of the Loan & Backstop Warrants by HCP-FVA. Buyer
shall, subject to receipt of Stockholder Approval, reserve the number of shares of Common Stock underlying the Financing Unit Warrants
to permit the full exercise of the Financing Unit Warrants by Lenders. As of the Closing Date, the shares of Common Stock issuable
upon exercise of the Loan & Backstop Warrants and the Financing Unit Warrants, when so issued in accordance with the terms
of the Loan & Backstop Warrants and the Financing Unit Warrants (as applicable), will be, validly issued, fully paid and nonassessable
and free from all preemptive or similar rights or Liens with respect to the issuance thereof.  As of the Closing Date,
the Loan & Backstop Warrants and the Financing Unit Warrants (as applicable) have been, and the shares of Common Stock issuable
upon exercise of the Loan & Backstop Warrants and the Financing Unit Warrants (as applicable) when so issued in accordance
with their terms will be, issued in compliance with applicable securities laws, rules and regulations.  Borrower confirms
that the Initial Loan & Backstop Warrants issued to HCP-FVA in connection with the Original Loan (and the shares of Common
Stock of Borrower issuable upon exercise thereof) are not subject to cancellation and shall remain outstanding following the Closing
Date. The capitalization of Borrower assuming (i) the purchase by HCP-FVA of twenty-five percent (25%) of the Units in the Financing
and the purchase by other Eligible Stockholders of seventy-five percent (75%) of the Units in the Financing is set forth on Schedule
9.29(A) and (ii) the purchase by HCP-FVA of seventy-five percent (75%) of the Units in the Financing and no purchase of Units
by other Eligible Stockholders is set forth on Schedule 9.29(B).

 

9.30      
No General Solicitation; Certain Fees.  None of the Loan Parties, their Subsidiaries or 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 promulgated under the Securities Act) in connection with the offer or sale of the Loan & Backstop Warrants,
the HCP-FVA Financing Unit Warrants or the Financing.  Except as set forth on Schedule 9.30, no brokerage or finder’s
fees or commissions are or will be payable by any Loan Party or any of its Subsidiaries 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
(including the issuance of the Loan & Backstop Warrants and the HCP-FVA Financing Unit Warrants).  Lenders and Administrative
Agent shall have no obligation with respect to any fees or with respect to any claims made by or on behalf of other Persons for
fees of a type contemplated in this Section 9.30 that may be due in connection with the transactions contemplated by
this Agreement (including in connection with the issuance of the Loan & Backstop Warrants and the HCP-FVA Financing Unit Warrants).  Borrower
shall pay, and indemnify and hold harmless Lenders, Administrative Agent and their respective employees, officers, directors, agents,
and partners, and their respective Affiliates, from and against, all liabilities, claims, losses, damages, costs (including the
costs of preparation and outside attorney’s fees) and expenses suffered in respect of any such claimed or existing fees,
as such fees and expenses are incurred. All Obligations provided for in this Section 9.30 shall survive repayment of the
Term Loans, cancellation of the Term Notes, or termination of this Agreement.

 

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9.31      
Private Placement. No registration under the Securities Act is required for the offer and sale by Borrower to HCP-FVA
of the Loan & Backstop Warrants or the HCP-FVA Financing Unit Warrants.

 

9.32      
Application of Takeover Protections.  Borrower and the Board (acting through the independent committee
of the Board) have taken all necessary action, if any, in order to render inapplicable any control share acquisition, business
combination, poison pill (including any distribution under a rights agreement) or other similar anti-takeover provision under the
Borrower’s Organizational Documents or the laws of its jurisdiction of incorporation that is or could become applicable to
the Lenders as a result of HCP-FVA, the other Lenders and Borrower fulfilling their obligations or exercising their rights under
the Loan & Backstop Warrants, the Financing Unit Warrants and/or the Financing, including without limitation as a result of
Borrower’s issuance of the Loan & Backstop Warrants and the HCP-FVA Financing Unit Warrants to HCP-FVA, the issuance
of any shares of Common Stock issuable upon exercise thereof and the issuance of any Units or other securities to Lenders or their
respective Affiliates pursuant to, or arising out of, the Financing and/or the HCP Commitment. Borrower has not adopted a stockholder
rights plan or similar arrangement relating to accumulations of beneficial ownership of Common Stock or a change in control of
Borrower.

 

9.33      
Security Interests. The Guaranty and Collateral Agreement creates in favor of Administrative Agent, for the benefit
of Administrative Agent and the Lenders, a legal, valid, and enforceable security interest (subject to applicable bankruptcy,
insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles
of equity, regardless of a proceeding in equity or at law) in the Collateral (subject to Permitted Liens). Upon the filing of
the UCC-1 financing statements described in Section 12.1.15, the security interests in and Liens on the Collateral granted
under the Guaranty and Collateral Agreement will be perfected, first-priority security interests (subject to Permitted Liens)
to the extent such security interests and Liens can be perfected by filing UCC-1 financing statements, and no further recordings
or filings are or will be required in connection with the creation, perfection, or enforcement of those security interests and
Liens, other than (a) the filings of continuation statements in accordance with applicable law; (b) the recording of
the collateral assignments referred to in the Guaranty and Collateral Agreement in the United States Patent and Trademark Office
and the United States Copyright Office, as applicable, with respect to after-acquired U.S. patent and trademark applications and
registrations and U.S. copyrights; (c) the recordation of appropriate evidence of the security interest in the appropriate
foreign registry with respect to all foreign intellectual property; or (d) as contemplated by the Guaranty and Collateral Agreement.

 

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Section 10   
AFFIRMATIVE COVENANTS.

 

Until all Obligations
hereunder and under the other Loan Documents are paid in full, Borrower agrees that, unless at any time HCP-FVA shall otherwise
expressly consent in writing, it will, or will cause the other Loan Parties or their respective Subsidiaries to:

 

10.1     
Reports, Certificates and Other Information. Furnish to Administrative Agent:

 

10.1.1      
Annual Report. Promptly when available and in any event within 90 days after the close of each Fiscal Year, (a)
a copy of the annual audit report of Borrower and its Subsidiaries for such Fiscal Year, including therein consolidated balance
sheets and statements of earnings and cash flows of Borrower and its Subsidiaries as at the end of such Fiscal Year, certified
without an expression of uncertainty regarding the Borrower’s ability to continue as a going concern and without qualification
by independent auditors of recognized standing selected by Borrower and reasonably acceptable to Administrative Agent (it being
agreed that Borrower’s independent auditor as of the Closing Date is acceptable to Administrative Agent), together with (i) a
written statement from such accountants to the effect that in making the examination necessary for the signing of such annual audit
report by such accountants, nothing came to their attention that caused them to believe that Loan Parties were not in compliance
with any provision of this Agreement insofar as such provision relates to accounting matters or, if something has come to their
attention that caused them to believe that Loan Parties were not in compliance with any such provision, describing such non-compliance
in reasonable detail and (ii) a comparison with the budget for such Fiscal Year and a comparison with the previous Fiscal
Year; and (b) a consolidating balance sheet of Borrower and its Subsidiaries as of the end of such Fiscal Year and consolidating
statement of earnings for Borrower and its Subsidiaries for such Fiscal Year, certified by a Senior Officer of Borrower.

 

10.1.2      
Interim Reports. (a)  Promptly when available and in any event within 45 days after the end of each Fiscal Quarter,
consolidated and consolidating balance sheets of Borrower and its Subsidiaries as of the end of such Fiscal Quarter, together with
consolidated and consolidating statements of earnings and consolidated cash flows for such Fiscal Quarter and for the period beginning
with the first day of such Fiscal Year and ending on the last day of such Fiscal Quarter, together with a comparison with the corresponding
period of the previous Fiscal Year and a comparison with the budget for such period of the current Fiscal Year, certified by a
Senior Officer of Borrower; (b) promptly when available and in any event within thirty (30) days after the end of each month,
consolidated and consolidating balance sheets of Borrower and its Subsidiaries as of the end of such month, together with consolidated
and consolidating statements of earnings for the period beginning with the first day of such Fiscal Year and ending on the last
day of such month, certified by a Senior Officer of Borrower; and (c) no later than the Thursday of each week, commencing
with the first such date following the Closing Date, a variance report with respect to the Weekly Budget, showing on a line-by-line
basis actual receipts and disbursements and the total available cash for the last day of the prior week for the cumulative period
since the Closing Date and noting therein all cumulative variances on a line-by-line basis from the amounts in the Weekly Budget
(the “Variance Report”). The Variance Report shall include explanations for all material variances and shall
be certified by a Senior Officer of Borrower.

 

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10.1.3     
Compliance Certificates. Contemporaneously with the furnishing of a copy of each annual audit report pursuant to
Section 10.1.1 and each set of interim statements pursuant to Section 10.1.2, a duly completed compliance
certificate in the form of Exhibit B, with appropriate insertions, dated the date of such annual report or such statements
and signed by a Senior Officer of Borrower, containing (i) a computation of each of the applicable financial ratios and restrictions
set forth in Section 11.13 and a statement to the effect that such officer has not become aware of any Default or Event
of Default that has occurred and is continuing or, if there is any such Default or Event of Default, a description of such Default
or Event of Default and the steps, if any, being taken to cure it and (ii) a certification by Borrower that all of the representations
and warranties set forth in this Agreement and the other Loan Documents remain true and correct in all material respects as of
the date of such compliance certificate (except for representations and warranties that speak as to a specific date, in which case
such representations and warranties shall remain true and correct as of such date and except for changes permitted by this Agreement,
including pursuant to the provision of updated Schedules in accordance with Section 10.1.8).

 

10.1.4     
Reports to the SEC and to Shareholders. Promptly upon the filing or sending thereof, copies of all regular, periodic
or special reports of Borrower filed with the SEC; copies of all registration statements of Borrower filed with the SEC (other
than on Form S-8); and copies of all proxy statements or other communications made to security holders generally; provided
that filing or furnishing of such report, registration statement, proxy statement or other communication with the SEC via the EDGAR
system shall be deemed to be furnishing of the same to Administrative Agent.

 

10.1.5     
Notice of Default, Litigation and ERISA Matters. Promptly upon becoming aware of any of the following, written notice
describing the same and the steps being taken by Borrower, any other Loan Party or any Subsidiary affected thereby with respect
thereto:

 

(a)        
the occurrence of a Default or an Event of Default;

 

(b)        
any litigation, arbitration or governmental investigation or proceeding not previously disclosed by Borrower to Administrative
Agent which has been instituted or, to the knowledge of Borrower, is threatened in writing against any Loan Party or any Subsidiary
of any Loan Party or to which any of the properties of any thereof is subject that could reasonably be expected to result in damages
in excess of $500,000;

 

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(c)        
the institution of any steps by any member of the Controlled Group or any other Person to terminate any Pension Plan, or
the failure of any member of the Controlled Group to make a required contribution to any Pension Plan (if such failure is sufficient
to give rise to a Lien under Section 303(k) of ERISA) or to any Multiemployer Pension Plan, or the taking of any action with
respect to a Pension Plan which could result in the requirement that any Loan Party furnish a bond or other security to the PBGC
or such Pension Plan, or the occurrence of any event with respect to any Pension Plan or Multiemployer Pension Plan which could
result in the incurrence by any member of the Controlled Group of any material liability, fine or penalty (including any claim
or demand for withdrawal liability or partial withdrawal from any Multiemployer Pension Plan), or any material increase in the
contingent liability of any Loan Party with respect to any post-retirement welfare benefit plan or other employee benefit plan
of any Loan Party or another member of the Controlled Group, or any notice that any Multiemployer Pension Plan is in reorganization,
that increased contributions may be required to avoid a reduction in plan benefits or the imposition of an excise tax, that any
such plan is or has been funded at a rate less than that required under Section 412 of the Code, that any such plan is or
may be terminated, or that any such plan is or may become insolvent; or

 

(d)        
any other event (including (i) any violation of, or non-compliance with, any material requirement of law by any Loan
Party or (ii) the enactment or effectiveness of any law, rule or regulation) which could reasonably be expected to have a
Material Adverse Effect.

 

10.1.6      
Management Reports. Promptly upon receipt thereof, copies of all management reports submitted to Borrower or its
Subsidiaries by independent auditors in connection with each annual or interim audit made by such auditors of the books of Borrower
and its Subsidiaries.

 

10.1.7      
Projections; Annual Financial Plan. As soon as practicable, and in any event not later than the commencement of each
Fiscal Year, a preliminary annual operating plan for the next Fiscal Year (including financial projections for Borrower and its
Subsidiaries for such Fiscal Year with projected quarterly operating results as well as projected balance sheet and cash flow)
prepared in a manner consistent with past practices including detail not less than provided to the Administrative Agent prior to
the Closing Date and such other detail as reasonably requested by the Administrative Agent, accompanied by a certificate of a Senior
Officer of Borrower on behalf of Borrower to the effect that (a) such projections were prepared by Borrower in good faith,
(b) Borrower has a reasonable basis for the assumptions contained in such projections, (c) such projections have been
prepared in accordance with such assumptions, and (d) in the case of a final annual operating plan, the Board has approved such
annual operating plan. The preliminary annual operating plan including projections delivered pursuant to this Section 10.1.7
shall be deemed to be final upon the earlier to occur of (x) the Board has approved such annual operating plan or (y) the last
day of February of such Fiscal Year; provided that in any event such annual operating plan will be provided to Administrative
Agent not later than 10 days of Board approval.

 

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10.1.8      
Updated Schedule. Contemporaneously with the furnishing of each annual audit report pursuant to Section 10.1.1
and within five (5) Business Days following a written request from the Administrative Agent (which written request will not be
made more frequently than twice each year absent the occurrence and continuance of an Event of Default), an updated version of
Schedules 9.17, 9.19 and 9.27 showing information as of the date of such audit report or written request, as applicable (it
being agreed and understood that this requirement shall be in addition to the other notice and delivery requirements set forth
herein).

 

10.1.9      
Additional Reports. Contemporaneously with the furnishing of a copy of each annual audit report pursuant to Section 10.1.1
and each set of interim statements pursuant to (a) Section 10.1.2(a), (i) a Deferred Revenue Report, (ii) Earnings
Report and (iii) a reporting package, in form and substance mutually acceptable to Borrower and Administrative Agent, containing
the following information with respect to the Borrower and its Subsidiaries: billings; bookings; backlog; annual recurring revenue;
annual contract value and total contract value; and renewals in $ amounts and as a percentage of the available to renew pool; and
(b) Section 10.1.2(b), copies of bank statements for the accounts listed in Section 10.10.

 

10.1.10     
Other Information. Promptly from time to time, such other information (including, without limitation, business or
financial data, reports, appraisals and projections) concerning the Loan Parties and each of their Subsidiaries, their properties
or business, as any Lender or Administrative Agent may reasonably request.

 

10.2     
Books, Records and Inspections. Keep, and cause each other Loan Party and each of their respective Subsidiaries to
keep, its books and records in accordance with sound business practices sufficient to allow the preparation of financial statements
in accordance with GAAP; permit, and cause each other Loan Party and each of their respective Subsidiaries to permit, at any reasonable
time and with reasonable notice (or at any time without notice if an Event of Default exists), any Lender or Administrative Agent
or any representative or agent thereof to inspect the properties and operations of the Loan Parties and their Subsidiaries; and
permit, and cause each other Loan Party and each Subsidiary to permit, at any reasonable time and with reasonable notice (or at
any time without notice if an Event of Default exists), any Lender or Administrative Agent or any representative or agent thereof
to visit any or all of its offices, to discuss its financial matters with its officers and its independent auditors (and Borrower
hereby authorizes such independent auditors to discuss such financial matters with any Lender or Administrative Agent or any representative
or agent thereof), and to examine (and, at the expense of the Loan Parties, photocopy extracts from) any of its books or other
records; and permit, and cause each other Loan Party and each of their respective Subsidiaries to permit, at any reasonable time
and with reasonable notice (or at any time without notice if an Event of Default exists), Administrative Agent and its representatives
and agents to inspect the Inventory and other tangible assets of the Loan Parties and each of their Subsidiaries, to perform appraisals
of the equipment of the Loan Parties and each of their Subsidiaries, and to inspect, audit, check and make copies of and extracts
from the books, records, computer data, computer programs, journals, orders, receipts, correspondence and other data relating to
Inventory, Accounts and any other collateral. All such inspections or audits by any Lender or Administrative Agent or any representative
or agent thereof shall be at Borrower’s expense.

 

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10.3      
Maintenance of Property; Insurance.

 

(a)        Keep,
and cause each other Loan Party and each of their respective Subsidiaries to keep, all property useful and necessary in the business
of the Loan Parties and each of their respective Subsidiaries in good working order and condition, ordinary wear and tear excepted.

 

(b)        
Maintain, and cause each other Loan Party and each of their respective Subsidiaries to maintain, with responsible insurance
companies, such insurance coverage as may be required by any law or governmental regulation or court decree or order applicable
to it and such other insurance, to such extent and against such hazards and liabilities, as is customarily maintained by companies
similarly situated (including, without limitation, business interruption insurance in an amount not less than as maintained on
the Closing Date, but which shall insure against all risks and liabilities of the type identified on Schedule 9.16
and shall have insured amounts no less than, and deductibles no higher than, those set forth on such schedule); and, upon request
of Administrative Agent or any Lender, furnish to Administrative Agent or such Lender original or electronic copies of policies
evidencing such insurance, and a certificate setting forth in reasonable detail the nature and extent of all insurance maintained
by the Loan Parties and each of their respective Subsidiaries. Borrower shall cause each issuer of an insurance policy to provide
Administrative Agent with an endorsement (i) showing Administrative Agent as loss payee with respect to each policy of property
or casualty insurance and naming Administrative Agent as an additional insured with respect to each policy of liability insurance,
(ii) providing that 30 days’ notice will be given to Administrative Agent prior to any cancellation of, material reduction
or change in coverage provided by or other material modification to such policy and (iii) reasonably acceptable in all other
respects to Administrative Agent. Borrower shall, and shall cause each other Loan Party to, execute and deliver to Administrative
Agent a collateral assignment, in form and substance satisfactory to Administrative Agent, of each business interruption insurance
policy maintained by any Loan Party.

 

(c)       
UNLESS BORROWER PROVIDES ADMINISTRATIVE AGENT WITH EVIDENCE OF THE INSURANCE COVERAGE REQUIRED BY THIS AGREEMENT WITHIN
A COMMERCIALLY REASONABLE PERIOD FOLLOWING THE WRITTEN REQUEST OF ADMNISTRATIVE AGENT FOR SUCH EVIDENCE, ADMINISTRATIVE AGENT MAY
PURCHASE INSURANCE AT BORROWER’S EXPENSE TO PROTECT ADMINISTRATIVE AGENT’S AND THE LENDERS’ INTERESTS IN THE
COLLATERAL. THIS INSURANCE MAY, BUT NEED NOT, PROTECT ANY LOAN PARTY’S INTERESTS. THE COVERAGE THAT ADMINISTRATIVE AGENT
PURCHASES MAY NOT PAY ANY CLAIM THAT IS MADE AGAINST ANY LOAN PARTY IN CONNECTION WITH THE COLLATERAL. BORROWER MAY LATER CANCEL
ANY INSURANCE PURCHASED BY ADMINISTRATIVE AGENT, BUT ONLY AFTER PROVIDING ADMINISTRATIVE AGENT WITH EVIDENCE THAT LOAN PARTIES
HAVE OBTAINED INSURANCE AS REQUIRED BY THIS AGREEMENT. IF ADMINISTRATIVE AGENT PURCHASES INSURANCE FOR THE COLLATERAL, BORROWER
WILL BE RESPONSIBLE FOR THE COSTS OF THAT INSURANCE, INCLUDING INTEREST AND ANY OTHER CHARGES THAT MAY BE IMPOSED WITH THE PLACEMENT
OF THE INSURANCE, UNTIL THE EFFECTIVE DATE OF THE CANCELLATION OR EXPIRATION OF THE INSURANCE. THE COSTS OF THE INSURANCE MAY BE
ADDED TO THE PRINCIPAL AMOUNT OF THE LOANS OWING HEREUNDER. THE COSTS OF THE INSURANCE MAY BE MORE THAN THE COST OF THE INSURANCE
THE LOAN PARTIES MAY BE ABLE TO OBTAIN ON THEIR OWN.

 

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10.4      
Compliance with Laws; Payment of Taxes and Liabilities. (a) Comply, and cause each other Loan Party and each
of their respective Subsidiaries to comply, with all applicable laws, rules, regulations, decrees, orders, judgments, licenses
and permits, except where failure to comply could not reasonably be expected to have a Material Adverse Effect; (b) without
limiting clause (a) above, ensure, and cause each other Loan Party to ensure, that no person who owns a controlling
interest in or otherwise controls a Loan Party is or shall be (i) listed on the Specially Designated Nationals and Blocked
Person List maintained by the OFAC, Department of the Treasury, and/or any other similar lists maintained by OFAC pursuant to any
authorizing statute, Executive Order or regulation or (ii) a person designated under Section 1(b), (c) or (d) of
Executive Order No. 13224 (September 23, 2001), any related enabling legislation or any other similar Executive Orders,
(c) without limiting clause (a) above, comply, and cause each other Loan Party to comply, with all applicable Bank
Secrecy Act and anti-money laundering laws and regulations and (d) pay, and cause each other Loan Party to pay, prior to delinquency,
all taxes and other governmental charges against it or any of its property, as well as claims of any kind which, if unpaid, could
become a Lien on any of its property; provided that the foregoing shall not require any Loan Party to pay any such tax or
charge so long as it shall contest the validity thereof in good faith by appropriate proceedings and shall set aside on its books
adequate reserves with respect thereto in accordance with GAAP and, in the case of a claim which could become a Lien on any collateral,
such contest proceedings shall stay the foreclosure of such Lien or the sale of any portion of the collateral to satisfy such claim.

 

10.5      
Maintenance of Existence, etc. Maintain and preserve, and (subject to Section 11.5) cause each other
Loan Party to maintain and preserve, (a) its existence and good standing in the jurisdiction of its organization and (b) its
qualification to do business and good standing in each jurisdiction where the nature of its business makes such qualification necessary
(other than such jurisdictions in which the failure to be qualified or in good standing could not reasonably be expected to have
a Material Adverse Effect).

 

10.6      
Use of Proceeds. Use the proceeds of the Term Loans solely for working capital purposes, for Capital Expenditures
and for other general business purposes; and not use or permit any proceeds of any Term Loan to be used, either directly or indirectly,
for the purpose, whether immediate, incidental or ultimate, of “purchasing or carrying” any Margin Stock.

 

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10.7      
Employee Benefit Plans.

 

(a)        
Maintain, and cause each other member of the Controlled Group to maintain, each Pension Plan in substantial compliance with
all applicable requirements of law and regulations.

 

(b)        
Make, and cause each other member of the Controlled Group to make, on a timely basis, all required contributions to any
Multiemployer Pension Plan.

 

(c)        
Not, and not permit any other member of the Controlled Group to (i) seek a waiver of the minimum funding standards
of ERISA, (ii) terminate or withdraw from any Pension Plan or Multiemployer Pension Plan or (iii) take any other action
with respect to any Pension Plan that would reasonably be expected to entitle the PBGC to terminate, impose liability in respect
of, or cause a trustee to be appointed to administer, any Pension Plan, unless the actions or events described in clauses (i),
(ii) and (iii) individually or in the aggregate could not reasonably be expected to have a Material Adverse Effect.

 

10.8      
Environmental Matters.

 

(a)
        If any release or threatened release or other disposal of Hazardous Substances shall occur or shall have occurred on any of the
Facilities or any other assets of any Loan Party or any Subsidiary of any Loan Party, Borrower shall, or shall cause the applicable
Loan Party or the applicable Subsidiary of such Loan Party to, cause the prompt containment and removal of such Hazardous Substances
and the remediation of such real property or other assets as necessary to comply with all Environmental Laws and to preserve the
value of such real property or other assets. Without limiting the generality of the foregoing, Borrower shall, and shall cause
each other Loan Party and each of their respective Subsidiaries to, comply with any Federal or state judicial or administrative
order requiring the performance at any of the Facilities of any Loan Party or any Subsidiary of any Loan Party of activities in
response to the release or threatened release of a Hazardous Substance. To the extent that the transportation, handling, storage,
generation, treatment or disposal of Hazardous Substances is permitted by this Agreement, Borrower shall, and shall cause each
other Loan Party and each of their respective Subsidiaries to comply with Environmental Laws in all such activities and to dispose
of such Hazardous Substances, or of any other wastes, only at licensed disposal facilities operating in compliance with Environmental
Laws.

 

(b)        
Borrower shall comply in all material respects with the requirements of all federal, state, and local Environmental Laws
applicable to the Loan Parties and each of their respective Subsidiaries or the Facilities; notify the Administrative Agent promptly
in the event of any spill, release or disposal of Hazardous Substances on, or hazardous waste pollution or contamination affecting,
the Facilities in material violation of applicable Environmental Laws of which a Loan Party has actual knowledge; forward to the
Administrative Agent promptly any written notices relating to such matters received from any Governmental Authority; and pay when
due any fine or assessment against the Facilities arising under Environmental Laws, provided, that the Loan Parties and
each of their respective Subsidiaries shall not be required to pay any such fine or assessment so long as the validity thereof
shall be diligently contested in good faith by appropriate proceedings and they shall have set aside on their books reasonable
reserves (in accordance with GAAP) with respect to any such fine or assessment so contested; and provided further that,
in any event, payment of any such fine or assessment shall be made before any of the Facilities shall be subjected to a Lien or
be seized or sold in satisfaction thereof.

 

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(c)        
Borrower shall promptly notify the Administrative Agent upon becoming aware of any fact or change in circumstances that
would be expected to cause any of the representations and warranties contained in Section 9.15 to cease to be true
in all material respects for any time before the Closing Date.

 

10.9      
Further Assurances. Take, and cause each other Loan Party and each Subsidiary of any Loan Party to take, such actions
as are necessary or as Administrative Agent or the Required Lenders may reasonably request from time to time to ensure that the
Obligations of each Loan Party under the Loan Documents are secured by a first priority perfected Lien in favor of Administrative
Agent (subject to Permitted Liens) on substantially all of the assets of Borrower and each Loan Party (as well as all Capital Securities
of each domestic Subsidiary, all Capital Securities of each first-tier foreign Subsidiary that is not a CFC, and with respect to
any first-tier foreign Subsidiary that is a CFC, 100% of all non-voting Capital Securities and 65% of all voting Capital Securities)
and guaranteed by each Loan Party (including, immediately upon the acquisition or creation thereof (or such longer period as the
Administrative Agent may provide in its sole discretion), any Subsidiary acquired or created after the Closing Date), in each case
as Administrative Agent may determine, including (a) the execution and delivery of guaranties, security agreements, pledge
agreements, mortgages, deeds of trust, financing statements, opinions of counsel and other documents, in each case in form and
substance reasonably satisfactory to Administrative Agent, and the filing or recording of any of the foregoing, (b) the delivery
of certificated securities and other Collateral with respect to which perfection is obtained by possession, and (c) with respect
to any real property acquired by any Loan Party after the Closing Date, the delivery within thirty (30) days after the date such
real property was acquired (or such longer period as the Administrative Agent may provide in its sole discretion) of each of the
Real Estate Documents with respect to such real property requested in writing by Administrative Agent in its sole discretion.

 

10.10     
Accounts. Unless Administrative Agent otherwise consents in writing, in order to facilitate Administrative Agent’s
and the Lenders’ maintenance and monitoring of their security interests in the Collateral, maintain all of their deposit
accounts and securities accounts with an institution that has entered into a control agreement with Administrative Agent and the
applicable Loan Party granting “control” (as defined in the UCC) of such accounts to Administrative Agent and otherwise
in form and substance satisfactory to Administrative Agent.

 

10.11     
Post-Closing Covenants. Borrower shall satisfy the requirements and/or provide to the Administrative Agent each of
the documents, instruments, agreements and information set forth on Schedule 10.11, in form and substance acceptable to
the Administrative Agent, on or before the date specified for such requirement in such Schedule or such later date to be determined
by the Administrative Agent in its sole discretion, each of which shall be completed or provided in form and substance satisfactory
to the Administrative Agent.

 

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10.12     
Stockholder Approval.

 

(a)        
Borrower shall use its commercially reasonable efforts to obtain, as soon as practicable (but in no event later than June
1, 2018), the approval of its stockholders to amend its Organizational Documents to increase the number of authorized shares of
its Common Stock in order to permit the exercise of the HCP-FVA Financing Unit Warrants and any Financing Unit Warrants to be issued
to other Eligible Stockholders in connection with the Financing (the “Stockholder Approval”). Prior to the record
date for any Company stockholders meeting held in connection with the Stockholder Approval, HCP-FVA agrees to exercise any Loan
& Backstop Warrants and any Financing Unit Warrants for which the Company has sufficient authorized capital and will vote the
Common Stock it receives upon such exercise in favor of the proposals set forth in the preceding sentence.

 

(b)        
In furtherance of the obligations of Borrower under Section 10.12(a), (i) by the Closing Date, the Board shall adopt
proper resolutions authorizing the actions set forth in Section 10.12(a) above, (ii) the Board shall recommend and Borrower
shall otherwise use its commercially reasonable efforts to promptly and duly obtain Stockholder Approval, including, without limitation,
by filing any required proxy materials with the SEC and any applicable trading market on which the Common Stock is listed, by delivering
proxy materials to its stockholders in furtherance thereof as soon as practicable thereafter, by soliciting proxies from its stockholders
in connection therewith in the same manner as all other management proposals in such proxy statement and having all management-appointed
proxy-holders vote their proxies in favor of such proposals to carry out such resolutions and (iii) within three (3) Business Days
of obtaining such Stockholder Approval, take all actions necessary to effectuate the actions set forth in Section 10.12(a)
above. If Borrower does not obtain Stockholder Approval at the first meeting (the “First Meeting”), the Borrower
shall in addition to satisfying clauses (i), (ii) and (iii) as contemplated above, call a special meeting of its stockholders as
soon as reasonably practicable but in no event later than ninety (90) days following the First Meeting to seek Stockholder Approval
(and of any subsequent meeting if Stockholder Approval is not obtained at such subsequent meeting).

 

10.13     
Financing. Promptly seek to consummate the Financing with Eligible Stockholders within the time frame set forth on
Schedule 10.13 hereto (or such other time frame as agreed to by Borrower and HCP-FVA). The consummation of the financing
with any eligible stockholders and the purchase of Units by such Eligible Stockholders shall be on terms and conditions, and subject
to documentation, that are acceptable to each of Borrower and HCP-FVA and, in any event, consistent with the procedures set forth
on Schedule 10.13 hereto.

 

Section 11   
NEGATIVE COVENANTS

 

Until all Obligations
hereunder and under the other Loan Documents are paid in full, Borrower agrees that, unless at any time HCP-FVA shall otherwise
expressly consent in writing, it will:

 

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11.1     
Debt. Not, and not permit any other Loan Party or any Subsidiary of any Loan Party to, create, incur, assume or suffer
to exist any Debt, except:

 

(a)        
Obligations under this Agreement and the other Loan Documents (including Incremental Loans incurred in accordance with Section
2.2);

 

(b)        
Debt secured by Liens permitted by Section 11.2(c), and extensions, renewals and refinancings thereof; provided
that the aggregate amount of all such Debt at any time outstanding shall not exceed $200,000;

 

(c)        
Debt existing on the Closing Date and described on Schedule 11.1 and any extension, renewal or refinancing thereof
so long as the principal amount thereof is not increased or the maturity thereof shortened; and

 

(d)        
any non-convertible Debt from a standard commercial lender in an amount not to exceed, at any time, eighty percent (80%)
of the Company’s accounts receivable, provided that the Obligations are repaid in full and such Indebtedness is otherwise
permitted under the terms of the Series A Preferred Stock Purchase Agreement dated September 16, 2013 by and between the Borrower
and Hale Capital.

 

11.2     
Liens. Not, and not permit any other Loan Party or any Subsidiary of any Loan Party to, create or permit to exist
any Lien on any of its real or personal properties, assets or rights of whatsoever nature (whether now owned or hereafter acquired),
except:

 

(a)        
Liens for taxes or other governmental charges not at the time delinquent or thereafter payable without penalty or being
diligently contested in good faith by appropriate proceedings and, in each case, for which it maintains adequate reserves in accordance
with GAAP and the execution or other enforcement of which is effectively stayed;

 

(b)        
Liens existing on the Closing Date and described on Schedule 11.2;

 

(c)        
subject to the limitation set forth in Section 11.1(b), (i) Liens arising in connection with Capital Leases
(and attaching only to the property being leased for the Capital Leases described on Schedule 11.2), and (ii) Liens
that constitute purchase money security interests on any property securing debt incurred for the purpose of financing all or any
part of the cost of acquiring such property, provided that any such Lien attaches to such property within 20 days of the
acquisition thereof and attaches solely to the property so acquired;

 

(d)        
Liens in connection with any Debt permitted under Section 11.1; and

 

(e)        
Liens arising under the Loan Documents.

 

Notwithstanding anything
contained herein to the contrary, no Loan Party shall create or permit to exist any Lien on (x) any real or personal properties,
assets or rights of whatsoever nature (whether now owned or hereafter acquired) of any foreign Subsidiary, or (y) any Capital Securities
issued by any foreign Subsidiary (other than Liens arising under the Loan Documents).

 

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11.3     
Operating Leases. Not permit the aggregate amount of all rental payments under Operating Leases made (or scheduled
to be made) by the Loan Parties and their Subsidiaries (on a consolidated basis) to exceed, during the entire term of all such
Operating Leases, the aggregate amount of $1,000,000.

 

11.4     
Restricted Payments. Not, and not permit any other Loan Party or any Subsidiary of any Loan Party to, (a) make
any distribution to any holders of its Capital Securities (other than any dividends on the Series A Preferred Stock paid in kind),
(b) purchase or redeem any of its Capital Securities, (c) pay any management fees, transaction-based fees or similar
fees to any of its equity holders or any Affiliate thereof, (d) make any redemption, prepayment (whether mandatory or optional),
defeasance, repurchase or any other payment in respect of any Debt or (e) set aside funds for any of the foregoing, except
that any Loan Party or any Subsidiary of any Loan Party may declare and pay dividends to any Loan Party or any domestic Wholly-Owned
Subsidiary of any Loan Party.

 

11.5     
Mergers, Consolidations, Sales. Not, and not permit any other Loan Party or any Subsidiary of any Loan Party to (a) be
a party to any merger or consolidation, (b) sell, transfer, dispose of, convey or lease any of its assets or Capital Securities
(including the sale of Capital Securities of any Subsidiary) except for (x) sales of inventory in the ordinary course of business
and (y) the issuance of Capital Securities of the Borrower that does not result in, or constitute, a Change of Control, or (c) license
or dispose of any intellectual property other than non-exclusive licenses of intellectual property of any Loan Party in the ordinary
course of business (for the avoidance of doubt licenses to a competitor of the Loan Parties shall be deemed outside of the ordinary
course of business), provided, that each such license in clause (c) does not materially impair the value of such intellectual property
as collateral for the Obligations, except for (i) any such merger, consolidation, sale, transfer, conveyance, lease or assignment
of or by any domestic Wholly-Owned Subsidiary into any Loan Party or any domestic Wholly-Owned Subsidiary of any Loan Party; and
(ii) any such purchase or other acquisition (x) by a Loan Party of the assets or Capital Securities of any Loan Party or any
domestic Wholly-Owned Subsidiary of any Loan Party, or (y) by a foreign Subsidiary of any Loan Party of the assets or Capital Securities
of another foreign Subsidiary of any Loan Party.

 

11.6     
Modification of Organizational Documents. Not permit the Organizational Documents of any Loan Party or any of their
respective Subsidiaries to be amended or modified in any way which could reasonably be expected to (a) reduce in any manner the
rights of any Loan Party to the Collateral or of the Administrative Agent or the Lender under this Agreement or (b) otherwise adversely
affect the rights, remedies or interests of the Administrative Agent or the Lenders.

 

11.7     
Transactions with Affiliates. Not, and not permit any other Loan Party or any of their respective Subsidiaries to,
enter into, or cause, suffer or permit to exist any transaction, arrangement or contract with any of its other Affiliates (other
than the Loan Parties), except for (a) transactions that are in the ordinary course of Borrower’s business, which is on terms
which are no less favorable than are obtainable from any Person which is not one of its Affiliates or (b) any transactions with
Affiliates existing on the Closing Date that are listed on Schedule 1 attached to this Agreement.

 

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11.8     
Unconditional Purchase Obligations. Not, and not permit any other Loan Party or any of their Subsidiaries to, enter
into or be a party to any contract for the purchase of materials, supplies or other property or services if such contract requires
that payment be made by it regardless of whether delivery is ever made of such materials, supplies or other property or services.

 

11.9     
Inconsistent Agreements. Not, and not permit any other Loan Party or any of their Subsidiaries to, enter into any
agreement containing any provision which would (a) be violated or breached by any borrowing by Borrower hereunder or by the
performance by any Loan Party of any of its Obligations hereunder or under any other Loan Document, (b) prohibit any Loan
Party or any of its Subsidiaries from granting to Administrative Agent and the Lenders, a Lien on any of its assets or (c) create
or permit to exist or become effective any encumbrance or restriction on the ability of any Subsidiary to (x) pay dividends
or make other distributions to Borrower or any other Subsidiary, or pay any Debt owed to Borrower or any other Subsidiary, (y) make
loans or advances to any Loan Party or (z) transfer any of its assets or properties to any Loan Party, other than (i) customary
restrictions and conditions contained in agreements relating to the sale of all or a substantial part of the assets of any Subsidiary
pending such sale, provided that such restrictions and conditions apply only to the Subsidiary to be sold and such sale
is permitted hereunder, (ii) restrictions or conditions imposed by any agreement relating to purchase money Debt, Capital
Leases and other secured Debt permitted by this Agreement if such restrictions or conditions apply only to the property or assets
securing such Debt and (iii) customary provisions in leases and other contracts restricting the assignment thereof.

 

11.10   
Business Activities; Issuance of Equity. Not, and not permit any other Loan Party or any Subsidiary to, engage in
any line of business other than the businesses engaged in on the date hereof and businesses reasonably related thereto. Not, and
not permit any Loan Party to liquidate or dissolve or permit, allow or suffer to occur a Change of Control. Not, and not permit
any Loan Party (other than Borrower) or any Subsidiary to, issue any Capital Securities other than any issuance by a Loan Party
or any Subsidiary to another Loan Party or any Subsidiary in accordance with Section 11.4.

 

11.11    
Investments. Not, and not permit any other Loan Party or any Subsidiary to, make or permit to exist any Investment
in any other Person (other than any Loan Party or any domestic Wholly-Owned Subsidiary of any Loan Party), except the following:

 

(a)        
Cash Equivalent Investments;

 

(b)        
Investments made with the prior written consent of the Administrative Agent; and

 

(c)        
Investments existing as of the Closing Date and listed on Schedule 11.11;

 

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provided that
any Investment which when made complies with the requirements of the definition of the term Cash Equivalent Investment may continue
to be held notwithstanding that such Investment if made thereafter would not comply with such requirements.

 

11.12    
Change in Structure. Not, and not permit any Loan Party to, without at least thirty (30) days’ prior written
notice to Administrative Agent, change: (a) its or any of their respective Subsidiaries’ Fiscal Year, (b) the chief executive
office of any Loan Party, (c) the jurisdiction of organization of any Loan Party, (d) the organizational structure or type of any
Loan Party, (e) the legal name of any Loan Party or (f) any organizational number (if any) assigned by the jurisdiction of organization
of each Loan Party.

 

11.13     
Financial Covenants.

 

11.13.1   
Weekly Budget Variance. Until the consummation of the Financing with Eligible Stockholders (other than HCP-FVA) on
the terms and conditions set forth in Section 10.13 and Schedule 10.13 hereto, permit a variance in the cumulative
net cash flow of Borrower on a consolidated basis to be, at any time, more than ten percent (10%) less than the amounts set forth
in the Weekly Budget (measured weekly upon delivery of the Variance Report).

 

11.13.2   
Minimum Cash. Not permit the cash denominated in Dollars (which is held by the Loan Parties in compliance with the
terms in Section 10.10 of this Agreement in a deposit account in the United States) plus all accounts receivable that have
been outstanding for less than 90 days at any time to be less than $2,000,000.

 

11.14    
Cancellation of Debt. Not, and not permit any other Loan Party or any of their respective Subsidiaries to, cancel
any claim or debt owing to it, except for reasonable consideration or in the ordinary course of business.

 

11.15    
Transfer to Foreign Subsidiaries. Borrower shall not, and shall not permit any of the Loan Parties to, sell, transfer,
assign (by operation of law or otherwise), distribute, loan, advance, invest or otherwise dispose of, any money, assets or property
in or to any foreign Subsidiary.

 

11.16    
Compliance with Laws. Borrower shall not, and shall not permit any of the Loan Parties or any of their respective
Subsidiaries, to fail to comply with the laws, regulations and executive orders referred to in Sections 9.25 and 9.26.

 

11.17    
Maintenance and Hosted Service Agreements. The Loan Parties and their Subsidiaries shall
not without the prior written consent of the Administrative Agent in each case, solicit or otherwise incent customers or others
to accelerate any payments which were not currently due under any maintenance agreement, service agreement, statement of work,
master service agreement, hardware agreement, hosted service agreement, license agreement, or contract.

 

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Section 12   
EFFECTIVENESS; CONDITIONS OF LENDING, ETC.

 

The obligation of each
Lender to make its Term Loan on the Closing Date is subject to the satisfaction of the following conditions precedent:

 

12.1       Conditions
Precedent to the Closing Date. The effectiveness of this Agreement, and the obligation of the Lenders to make the Term
Loans, are, in addition to the conditions precedent specified in Section 12.2, subject to satisfaction of the
following conditions precedent (and the date on which all such conditions precedent have been satisfied or waived in
writing by Administrative Agent and the Lenders is called the “Closing Date”), it being agreed that the
request by Borrower for the making of the initial Term Loan on the Closing Date will be deemed to constitute a representation
and warranty by Borrower that the conditions precedent set forth in this Section 12.1 will be satisfied at the time of
the making of that Term Loan unless waived in writing by Administrative Agent:

 

12.1.1   
Agreement, Term Notes and other Loan Documents. Administrative Agent has received the following, each duly executed
and dated as of the Closing Date (or any earlier date satisfactory to Administrative Agent), in form and substance satisfactory
to Administrative Agent: (a) this Agreement; (b) to the extent requested by any Lender, one or more Notes made payable
to that Lender; (c) the Guaranty and Collateral Agreement, together with all instruments, transfer powers, and other items
required to be delivered in connection with the Guaranty and Collateral Agreement and subject to Section 10.11; and (d) subject
to Section 10.11, all other Loan Documents.

 

12.1.2     Authorization
Documents. For each Loan Party, Administrative Agent has received the following, each in form and substance reasonably satisfactory
to Administrative Agent: such Person’s (a) charter (or similar formation document), certified by the appropriate governmental
authority; (b) good standing certificates in its state of incorporation (or formation) and in each other state where the
failure to maintain such standing could reasonably be expected to result in a Material Adverse Effect or as otherwise requested
by Administrative Agent; (c) bylaws (or similar governing document); (d) resolutions of its board of directors (or similar
governing body) approving and authorizing such Person’s execution, delivery and performance of the Loan Documents to which
it is party and the transactions contemplated thereby; and (e) signature and incumbency certificates of its officers executing
any of the Loan Documents (which certifies that Administrative Agent and each Lender may conclusively rely on until formally advised
by a like certificate of any changes in any such certificate), all certified by its secretary or an assistant secretary (or similar
officer) as being in full force and effect without modification.

 

12.1.3    
Consents, etc. Administrative Agent has received certified copies of all documents evidencing any necessary corporate
or partnership action, consents and governmental approvals (if any) required for the execution, delivery and performance by the
Loan Parties of the documents referred to in this Section 12.

 

12.1.4    
Letter of Direction. Administrative Agent has received a letter of direction containing funds flow information with
respect to the proceeds of the Term Loans on the Closing Date, duly executed and dated as of the Closing Date, in form and substance
satisfactory to Administrative Agent.

 

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12.1.5    
[Reserved].

 

12.1.6    
Perfection Certificate. Subject to Section 10.11, Administrative Agent has received a Perfection Certificate
completed and executed by each Loan Party.

 

12.1.7    
[Reserved].

 

12.1.8    
[Reserved].

 

12.1.9    
Opinions of Counsel. Administrative Agent has received opinions of counsel for each Loan Party, each duly executed
and dated as of the Closing Date, in form and substance satisfactory to Administrative Agent.

 

12.1.10  
Insurance. Subject to Section 10.11, Administrative Agent has received evidence of the existence of insurance
required to be maintained pursuant to Section 10.3(b), together with evidence that Administrative Agent has been named
as a lender’s loss payee and an additional insured on all related insurance policies.

 

12.1.11  
Payment of Fees. Administrative Agent has received, or shall receive, substantially concurrently with the funding
of the Term Loans on the Closing Date, payment of all accrued and unpaid Lender Expenses incurred through the Closing Date, including
without limitation, the Expense Deposit, up to the Expense Cap.

 

12.1.12  
Solvency Certificate. Administrative Agent has received a solvency certificate in form and substance satisfactory
to Administrative Agent executed by a Senior Officer of Borrower.

 

12.1.13  
Approvals. No injunction or temporary restraining order shall have been issued by any governmental authority or any
proceeding pending in any court or before any arbitrator or other Governmental Authority that prohibits or seeks to prohibit this
Agreement.

 

12.1.14  
Search Results; Lien Terminations. Certified copies of Uniform Commercial Code search reports dated a date reasonably
near to the Closing Date, listing all effective financing statements which name any Loan Party (under their present names and any
previous names) as debtors, together with (a) copies of such financing statements, (b) termination of all agreements relating
thereto and the release of Liens granted in connection therewith, with Uniform Commercial Code or other appropriate termination
statements and documents effective to evidence the foregoing (other than Liens permitted by Section 11.2), and (c) such
other Uniform Commercial Code termination statements as Administrative Agent may reasonably request.

 

12.1.15  
Filings, Registrations and Recordings. Administrative Agent shall have received each document (including Uniform
Commercial Code financing statements) required by the Collateral Documents or under law or reasonably requested by Administrative
Agent to be filed, registered or recorded in order to create in favor of Administrative Agent, for the benefit of the Lenders,
a perfected Lien on the collateral described therein, prior to any other Liens (subject only to Liens permitted pursuant to Section 11.2),
in proper form for filing, registration or recording.

 

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12.1.16  
Closing Certificate, Consents and Permits. Administrative Agent has received a certificate, in form and substance
satisfactory to Administrative Agent, executed by an officer of Borrower on behalf of Borrower certifying the matters set forth
in Section 12.2 and certain other matters requested by the Administrative Agent as of the Closing Date.

 

12.1.17  
Weekly Budget. Administrative Agent shall have received and been reasonably satisfied with a rolling weekly detailed
budget of the Loan Parties through the second fiscal quarter of 2018, including information on a line item basis as to (1) projected
cash receipts, (2) projected disbursements (including ordinary course operating expenses and restructuring expenses, one-time expenses
and capital expenditures) and (3) projected net working capital (“Weekly Budget”).

 

12.1.18   
No Material Adverse Change. There shall not have occurred since the Original Closing Date, any developments or events
which individually or in the aggregate with other such circumstances has had or could reasonably be expected to have a Material
Adverse Effect.

 

12.1.19   
Investment Documents. The Administrative Agent shall have received confirmation of ownership and capital structure
of the Loan Parties and be satisfied with the constituent documents of the Loan Parties and related investment agreements. HCP-FVA
shall have received (i) the HCP-FVA Financing Unit Warrants, in the form of Exhibit D, for the purchase of Common Stock
of Borrower and (ii) the Closing Date Loan & Backstop Warrants.

 

12.1.20  
 [Reserved].

 

12.1.21   
[Reserved].

 

12.1.22   
Other. Such other documents as Administrative Agent or any Lender may reasonably request.

 

12.2      
Conditions Precedent to each Loan. Both before and after giving effect to the borrowing of the Term Loans, the following
statements shall be true and correct and certified to the Administrative Agent in a certificate signed by a duly authorized representative
of Borrower:

 

(a)        
the representations and warranties of each Loan Party set forth in this Agreement and the other Loan Documents shall be
true and correct in all respects with the same effect as if then made (except to the extent stated to relate to a specific earlier
date, in which case such representations and warranties shall be true and correct as of such earlier date);

 

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(b)        
no Default or Event of Default shall have then occurred and be continuing; and

 

(c)        
the Loan Parties shall be in compliance on a pro forma basis with the financial covenants set forth in Section 11.13
computed using the financial information for the most recently ended month or Fiscal Quarter, whichever is applicable, for which
information is available.

 

Section 13   
EVENTS OF DEFAULT AND THEIR EFFECT.

 

13.1      
Events of Default. Each of the following shall constitute an Event of Default under this Agreement:

 

13.1.1   
Non-Payment of the Term Loans, etc. Default in the payment when due of the principal of any Term Loan; or default,
and continuance thereof for three (3) Business Days, in the payment when due of any interest by any Loan Party; or default and
continuance thereof for five (5) Business Days of any other Obligation payable by any Loan Party hereunder or under any other Loan
Document.

 

13.1.2   
Non-Payment of Other Debt. Any default shall occur under the terms applicable to any Debt of any Loan Party or any
Subsidiary of any Loan Party in an aggregate amount (for all such Debt so affected and including undrawn committed or available
amounts and amounts owing to all creditors under any combined or syndicated credit arrangement) exceeding $50,000 and such default
shall (a) consist of the failure to pay such Debt when due, whether by acceleration or otherwise, or (b) accelerate the
maturity of such Debt or permit the holder or holders thereof, or any trustee or agent for such holder or holders, to cause such
Debt to become due and payable (or require any Loan Party or any Subsidiary of any Loan Party to purchase or redeem such Debt or
post cash collateral in respect thereof) prior to its expressed maturity.

 

13.1.3   
Other Material Obligations. Default in the payment when due, or in the performance or observance of, any material
obligation of, or condition agreed to by, any Loan Party or any Subsidiary of any Loan Party with respect to any material purchase
or lease of goods or services where such default, singly or in the aggregate with all other such defaults, could reasonably be
expected to have a Material Adverse Effect.

 

13.1.4   
Bankruptcy, Insolvency, etc. Any Loan Party or any Subsidiary of any Loan Party becomes insolvent or generally fails
to pay, or admits in writing its inability or refusal to pay, debts as they become due; or any Loan Party or any Subsidiary of
any Loan Party applies for, consents to, or acquiesces in the appointment of a trustee, receiver or other custodian for such Loan
Party or such Subsidiary or any property thereof, or makes a general assignment for the benefit of creditors; or, in the absence
of such application, consent or acquiescence, a trustee, receiver or other custodian is appointed for any Loan Party or any Subsidiary
of any Loan Party or for a substantial part of the property of any thereof and is not discharged within 60 days; or any bankruptcy,
reorganization, debt arrangement, or other case or proceeding under any bankruptcy or insolvency law, or any dissolution or liquidation
proceeding, is commenced in respect of any Loan Party or any Subsidiary of any Loan Party, and if such case or proceeding is not
commenced by such Loan Party or such Subsidiary, it is consented to or acquiesced in by such Loan Party or such Subsidiary, or
remains for 60 days undismissed; or any Loan Party or any Subsidiary of any Loan Party takes any action to authorize, or in furtherance
of, any of the foregoing.

 

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13.1.5   
Non-Compliance with Loan Documents. (a) Failure by any Loan Party to comply with or to perform any covenant
set forth in Sections 10.1, 10.2, 10.3(b), 10.5, 10.6, 10.12 and does not cure such
failure or neglect within ten (10) days after the occurrence thereof, (b) failure by any Loan Party to comply with or to perform
any covenant set forth in Section 11; or (c) failure by any Loan Party to comply with or to perform any other
provision of this Agreement or any other Loan Document (and not constituting an Event of Default under any other provision of this
Section 13) and continuance of such failure described in this clause (b) for thirty (30) days.

 

13.1.6   
Representations; Warranties. Any representation or warranty made by any Loan Party or any Subsidiary of any Loan
Party herein or any other Loan Document is breached or is false or misleading in any material respect, or any schedule, certificate,
financial statement, report, notice or other writing furnished by any Loan Party or any Subsidiary of any Loan Party to Administrative
Agent or any Lender in connection herewith is false or misleading in any material respect on the date as of which the facts therein
set forth are stated or certified.

 

13.1.7    
Pension Plans. (a) Any Person institutes steps to terminate a Pension Plan if as a result of such termination
Borrower or any member of the Controlled Group could be required to make a contribution to such Pension Plan, or could incur a
liability or obligation to such Pension Plan, in excess of $100,000; (b) a contribution failure occurs with respect to any
Pension Plan sufficient to give rise to a Lien under Section 302(f) of ERISA; (c) the Unfunded Liability exceeds twenty
percent of the Total Plan Liability; or (d) there shall occur any withdrawal or partial withdrawal from a Multiemployer Pension
Plan and the withdrawal liability (without unaccrued interest) to Multiemployer Pension Plans as a result of such withdrawal (including
any outstanding withdrawal liability that Borrower or any member of the Controlled Group have incurred on the date of such withdrawal)
exceeds $100,000.

 

13.1.8    
Judgments. Final judgments which exceed an aggregate of $100,000 (to the extent not covered by independent third-party
insurance as to which the insurer does not dispute coverage) shall be rendered against any Loan Party or any Subsidiary of any
Loan Party and shall not have been paid, discharged or vacated or had execution thereof stayed pending appeal within 10 days after
entry or filing of such judgments.

 

13.1.9    
Invalidity of Loan Documents, etc. Any provision of any Loan Document or any provision of any Loan & Backstop
Warrants or Financing Unit Warrants, at any time after its execution and delivery and for any reason (other than, in the case of
the Loan Documents, satisfaction in full of all Obligations) shall cease to be in full force and effect; or any Loan Party or any
Subsidiary of any Loan Party (or any Person by, through or on behalf of any Loan Party or any Subsidiary of any Loan Party) shall
contest in any manner the validity, binding nature or enforceability of any Loan Document, Loan & Backstop Warrant or Financing
Unit Warrant; or any Loan Party or any Subsidiary of any Loan Party (or any Person by, through or on behalf of any Loan Party or
any Subsidiary of any Loan Party) shall deny that it has any or further liability or obligation under any Loan Document, Loan &
Backstop Warrant or Financing Unit Warrant or purports to revoke, terminate or rescind any provision of any Loan Document or any
Loan & Backstop Warrant or Financing Unit Warrant.

 

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13.1.10   
Public Company Failure. Borrower’s SEC reporting obligations under the Securities Exchange Act of 1934, as
amended, are terminated.

 

13.1.11   
Material Adverse Effect. The occurrence of any event having a Material Adverse Effect.

 

13.1.12   
Cessation of Business. If any Collateral is attached, seized, levied on, or comes into possession of a trustee or
receiver and the attachment, seizure or levy is not removed in ten (10) days or if any Loan Party or any Subsidiary is enjoined,
restrained, or in any way prevented by court order from continuing to conduct all or any material part of its business or if a
judgment or other claim becomes a Lien on any of the Collateral, or if a notice of lien, levy or assessment is filed against any
of the Collateral by any government agency and not paid within ten (10) days after any Loan Party receives notice.

 

13.1.13   
Collateral. The Guaranty and Collateral Agreement ceases to create a valid and perfected first priority Lien on and
security interest in a material portion of the Collateral, subject to Permitted Liens.

 

13.1.14   
Change of Control. There occurs any Change of Control.

 

13.2    
 Effect of Event of Default. If any Event of Default described in Section 13.1.4 shall occur in respect
of Borrower, the Term Loans and all other Obligations hereunder shall become immediately due and payable, all without presentment,
demand, protest or notice of any kind; and, if any other Event of Default shall occur and be continuing, Administrative Agent may
(and, upon the written request of the Required Lenders shall) declare all or any part of the Term Loans and all other Obligations
hereunder to be due and payable, whereupon the Term Loans and other Obligations hereunder shall become immediately due and payable,
all without presentment, demand, protest or notice of any kind. Administrative Agent shall promptly advise Borrower of any such
declaration, but failure to do so shall not impair the effect of such declaration.

 

13.3      
Credit Bidding. The Loan Parties and the Lenders hereby irrevocably authorize (and by entering into a Bank Product
Agreement, each Bank Product provider shall be deemed to authorize) Administrative Agent, based upon the instruction of the Required
Lenders, to Credit Bid and purchase (either directly or through one or more acquisition vehicles) all or any portion of the Collateral
(and the Loan Parties shall approve Administrative Agent as a qualified bidder and such Credit Bid as qualified bid) at any sale
thereof conducted by Administrative Agent, based upon the instruction of the Required Lenders, under any provisions of the Uniform
Commercial Code, as part of any sale or investor solicitation process conducted by any Loan Party, any interim receiver, receiver,
receiver and manager, administrative receiver, trustee, agent or other Person pursuant or under any insolvency laws; provided,
however, that (i) the Required Lenders may not direct Administrative Agent in any manner that does not treat each of the Lenders
equally, without preference or discrimination, in respect of consideration received as a result of the Credit Bid, (ii) the
acquisition documents shall be commercially reasonable and contain customary protections for minority holders, such as, among other
things, anti-dilution and tag-along rights, (iii) the exchanged debt or equity securities must be freely transferable, without
restriction (subject to applicable securities laws) and (iv) reasonable efforts shall be made to structure the acquisition
in a manner that causes the governance documents pertaining thereto to not impose any obligations or liabilities upon the Lenders
individually (such as indemnification obligations).

 

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For purposes of the
preceding sentence, the term “Credit Bid” shall mean, an offer submitted by Administrative Agent (on behalf
of the Lender group), based upon the instruction of the Required Lenders, to acquire the property of any Loan Party or any portion
thereof in exchange for and in full and final satisfaction of all or a portion (as determined by Administrative Agent, based upon
the instruction of the Required Lenders) of the claims and Obligations under this Agreement and other Loan Documents.

 

Section 14   
THE AGENT.

 

14.1    
Appointment and Authorization. Each Lender hereby irrevocably (subject to Section 14.9) appoints, designates
and authorizes Administrative Agent to take such action on its behalf under the provisions of this Agreement and each other Loan
Document and to exercise such powers and perform such duties as are expressly delegated to it by the terms of this Agreement or
any other Loan Document, together with such powers as are reasonably incidental thereto. Notwithstanding any provision to the contrary
contained elsewhere in this Agreement or in any other Loan Document, Administrative Agent shall not have any duty or responsibility
except those expressly set forth herein, nor shall Administrative Agent have or be deemed to have any fiduciary relationship with
any Lender or participant, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read
into this Agreement or any other Loan Document or otherwise exist against Administrative Agent. Without limiting the generality
of the foregoing sentence, the use of the term “agent” herein and in other Loan Documents with reference to Administrative
Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable
law. Instead, such term is used merely as a matter of market custom, and is intended to create or reflect only an administrative
relationship between independent contracting parties.

 

14.2    
Delegation of Duties. Administrative Agent may execute any of its duties under this Agreement or any other Loan Document
by or through agents, employees or attorneys-in-fact and shall be entitled to advice of counsel and other consultants or experts
concerning all matters pertaining to such duties. Administrative Agent shall not be responsible for the negligence or misconduct
of any agent or attorney-in-fact that it selects in the absence of gross negligence or willful misconduct.

 

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14.3    
Exculpation of Administrative Agent. None of Administrative Agent nor any of its directors, officers, employees or
agents shall (a) be liable for any action taken or omitted to be taken by any of them under or in connection with this Agreement
or any other Loan Document or the transactions contemplated hereby (except to the extent resulting from its own gross negligence
or willful misconduct in connection with its duties expressly set forth herein as determined by a final, nonappealable judgment
by a court of competent jurisdiction), or (b) be responsible in any manner to any Lender or participant for any recital, statement,
representation or warranty made by any Loan Party or Affiliate of Borrower, or any officer thereof, contained in this Agreement
or in any other Loan Document, or in any certificate, report, statement or other document referred to or provided for in, or received
by Administrative Agent under or in connection with, this Agreement or any other Loan Document, or the validity, effectiveness,
genuineness, enforceability or sufficiency of this Agreement or any other Loan Document (or the creation, perfection or priority
of any Lien or security interest therein), or for any failure of Borrower or any other party to any Loan Document to perform its
Obligations hereunder or thereunder. Administrative Agent shall not be under any obligation to any Lender to ascertain or to inquire
as to the observance or performance of any of the agreements contained in, or conditions of, this Agreement or any other Loan Document,
or to inspect the properties, books or records of Borrower or any of Borrower’s Subsidiaries or Affiliates.

 

14.4    
Reliance by Administrative Agent. Administrative Agent shall be entitled to rely, and shall be fully protected in
relying, upon any writing, communication, signature, resolution, representation, notice, consent, certificate, electronic mail
message, affidavit, letter, telegram, facsimile, telex or telephone message, statement or other document or conversation believed
by it to be genuine and correct and to have been signed, sent or made by the proper Person or Persons, and upon advice and statements
of legal counsel (including counsel to Borrower), independent accountants and other experts selected by Administrative Agent. Administrative
Agent shall be fully justified in failing or refusing to take any action under this Agreement or any other Loan Document unless
it shall first receive such advice or concurrence of the Required Lenders as it deems appropriate and, if it so requests, confirmation
from the Lenders of their obligation to indemnify Administrative Agent against any and all liability and expense which may be incurred
by it by reason of taking or continuing to take any such action. Administrative Agent shall in all cases be fully protected in
acting, or in refraining from acting, under this Agreement or any other Loan Document in accordance with a request or consent of
the Required Lenders and such request and any action taken or failure to act pursuant thereto shall be binding upon each Lender.
For purposes of determining compliance with the conditions specified in Section 12, each Lender that has signed this
Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required
thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless Administrative Agent shall have received
written notice from such Lender prior to the proposed Closing Date specifying its objection thereto.

 

14.5    
Notice of Default. Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any
Event of Default or Default except with respect to defaults in the payment of principal, interest and fees required to be paid
to Administrative Agent for the account of the Lenders, unless Administrative Agent shall have received written notice from a Lender
or Borrower referring to this Agreement, describing such Event of Default or Default and stating that such notice is a “notice
of default”. Administrative Agent will notify the Lenders of its receipt of any such notice. Administrative Agent shall take
such action with respect to such Event of Default or Default as may be requested by the Required Lenders in accordance with Section 13;
provided that unless and until Administrative Agent has received any such request, Administrative Agent may (but shall not
be obligated to) take such action, or refrain from taking such action, with respect to such Event of Default or Default as it shall
deem advisable or in the best interest of the Lenders.

 

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14.6      
Credit Decision. Each Lender acknowledges that Administrative Agent has not made any representation or warranty to
it, and that no act by Administrative Agent hereafter taken, including any consent and acceptance of any assignment or review of
the affairs of the Loan Parties, shall be deemed to constitute any representation or warranty by Administrative Agent to any Lender
as to any matter, including whether Administrative Agent has disclosed material information in its possession. Each Lender represents
to Administrative Agent that it has, independently and without reliance upon Administrative Agent and based on such documents and
information as it has deemed appropriate, made its own appraisal of and investigation into the business, prospects, operations,
property, financial and other condition and creditworthiness of the Loan Parties, and made its own decision to enter into this
Agreement and to extend credit to Borrower hereunder. Each Lender also represents that it will, independently and without reliance
upon Administrative Agent and based on such documents and information as it shall deem appropriate at the time, continue to make
its own credit analysis, appraisals and decisions in taking or not taking action under this Agreement and the other Loan Documents,
and to make such investigations as it deems necessary to inform itself as to the business, prospects, operations, property, financial
and other condition and creditworthiness of Borrower. Except for notices, reports and other documents expressly herein required
to be furnished to the Lenders by Administrative Agent, Administrative Agent shall not have any duty or responsibility to provide
any Lender with any credit or other information concerning the business, prospects, operations, property, financial or other condition
or creditworthiness of Borrower which may come into the possession of Administrative Agent.

 

14.7      
Indemnification. Whether or not the transactions contemplated hereby are consummated, each Lender shall indemnify
upon demand Administrative Agent and its directors, officers, employees and agents (to the extent not reimbursed by or on behalf
of Borrower and without limiting the obligation of Borrower to do so), according to its applicable Pro Rata Share, from and against
any and all Indemnified Liabilities (as hereinafter defined); provided that no Lender shall be liable for any payment to
any such Person of any portion of the Indemnified Liabilities to the extent determined by a final, nonappealable judgment by a
court of competent jurisdiction to have resulted from the applicable Person’s own gross negligence or willful misconduct.
No action taken in accordance with the directions of the Required Lenders shall be deemed to constitute gross negligence or willful
misconduct for purposes of this Section. Without limitation of the foregoing, each Lender shall reimburse Administrative Agent
upon demand for its ratable share of any costs or out-of-pocket expenses (including Attorney Costs and Taxes) incurred by Administrative
Agent in connection with the preparation, execution, delivery, administration, modification, amendment or enforcement (whether
through negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights or responsibilities under, this
Agreement, any other Loan Document, or any document contemplated by or referred to herein, to the extent that Administrative Agent
is not reimbursed for such expenses by or on behalf of Borrower. The undertaking in this Section shall survive repayment of
the Term Loans, cancellation of the Term Notes, any foreclosure under, or modification, release or discharge of, any or all of
the Collateral Documents, termination of this Agreement and the resignation or replacement of Administrative Agent.

 

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14.8      
Administrative Agent in Individual Capacity. HCP-FVA and its Affiliates may make loans to, issue letters of credit
for the account of, accept deposits from, acquire equity interests in and generally engage in any kind of banking, trust, financial
advisory, underwriting or other business with the Loan Parties and Affiliates as though HCP-FVA were not Administrative Agent hereunder
and without notice to or consent of any Lender. Each Lender acknowledges that, pursuant to such activities, HCP-FVA or its Affiliates
may receive information regarding Borrower or its Affiliates (including information that may be subject to confidentiality obligations
in favor of Borrower or such Affiliate) and acknowledges that Administrative Agent shall be under no obligation to provide such
information to them. With respect to their Term Loans (if any), HCP-FVA and its Affiliates shall have the same rights and powers
under this Agreement as any other Lender and may exercise the same as though HCP-FVA were not Administrative Agent, and the terms
“Lender” and “Lenders” include HCP-FVA and its Affiliates, to the extent applicable, in their individual
capacities.

 

14.9      
Successor Administrative Agent. Administrative Agent may resign as Administrative Agent upon 30 days’ notice
to the Lenders. If Administrative Agent resigns under this Agreement, the Required Lenders shall, with (so long as no Default or
Event of Default exists) the consent of Borrower (which shall not be unreasonably withheld or delayed), appoint from among the
Lenders a successor agent for the Lenders. If no successor agent is appointed prior to the effective date of the resignation of
Administrative Agent, Administrative Agent may appoint, after consulting with the Lenders and Borrower, a successor agent from
among the Lenders. Upon the acceptance of its appointment as successor agent hereunder, such successor agent shall succeed to all
the rights, powers and duties of the retiring Administrative Agent and the term “Administrative Agent” shall mean such
successor agent, and the retiring Administrative Agent’s appointment, powers and duties as Administrative Agent shall be
terminated. After any retiring Administrative Agent’s resignation hereunder as Administrative Agent, the provisions of this
Section 14 and Sections 15.5 and 15.17 shall inure to its benefit as to any actions taken or omitted
to be taken by it while it was Administrative Agent under this Agreement. If no successor agent has accepted appointment as Administrative
Agent by the date which is 30 days following a retiring Administrative Agent’s notice of resignation, the retiring Administrative
Agent’s resignation shall nevertheless thereupon become effective and the Lenders shall perform all of the duties of Administrative
Agent hereunder until such time, if any, as the Required Lenders appoint a successor agent as provided for above.

 

14.10    
Collateral Matters. Each Lender authorizes and directs Administrative Agent to enter into the other Loan Documents
for the benefit of Lenders. Each Lender hereby agrees that, except as otherwise set forth herein, any action taken by Administrative
Agent or Required Lenders in accordance with the provisions of this Agreement or the other Loan Documents, and the exercise by
the Administrative Agent or Required Lenders of the powers set forth herein or therein, together with such other powers as are
reasonably incidental thereto, shall be authorized and binding upon all Lenders. Administrative Agent is hereby authorized on behalf
of all Lenders, without the necessity of any notice to or further consent from any Lender to take any action with respect to any
Collateral or Loan Documents which may be necessary to perfect and maintain perfected the Liens upon the Collateral granted pursuant
to this Agreement and the other Loan Documents. The Lenders irrevocably authorize Administrative Agent, at its option and in its
discretion, (a) to release any Lien granted to or held by Administrative Agent under any Collateral Document (i) upon
payment in full of all Term Loans and all other outstanding obligations of Borrower hereunder; (ii) constituting property
sold or to be sold or disposed of as part of or in connection with any disposition permitted hereunder (including the release of
any guarantor); or (iii) subject to Section 15.1, if approved, authorized or ratified in writing by the Required
Lenders; or (b) to subordinate its interest in any Collateral to any holder of a Lien on such Collateral which is permitted
by Section 11.2(c)(i) or (c)(ii) (it being understood that Administrative Agent may conclusively rely on a certificate
from Borrower in determining whether the Debt secured by any such Lien is permitted by Section 11.1(b)). Upon request
by Administrative Agent at any time, the Lenders will confirm in writing Administrative Agent’s authority to release, or
subordinate its interest in, particular types or items of Collateral pursuant to this Section 14.10.

 

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14.11    
Restriction on Actions by Lenders. Each Lender agrees that it shall not, without the express written consent of Administrative
Agent, and shall, upon the written request of Administrative Agent (to the extent it is lawfully entitled to do so), set off against
the Obligations, any amounts owing by such Lender to a Loan Party or any deposit accounts of any Loan Party now or hereafter maintained
with such Lender. Each of the Lenders further agrees that it shall not, unless specifically requested to do so in writing by Administrative
Agent, take or cause to be taken, any action, including the commencement of any legal or equitable proceedings to foreclose any
loan or otherwise enforce any security interest in any of the Collateral or to enforce all or any part of this Agreement or the
other Loan Documents. All enforcement actions under this Agreement and the other Loan Documents against the Loan Parties or any
third party with respect to the Obligations or the Collateral may only be taken by Administrative Agent (at the direction of the
Required Lenders or as otherwise permitted in this Agreement) or by its agents at the direction of Administrative Agent.

 

14.12    
Administrative Agent May File Proofs of Claim. In case of the pendency of any receivership, insolvency, liquidation,
bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to any Loan Party, Administrative
Agent (irrespective of whether the principal of any Term Loan shall then be due and payable as herein expressed or by declaration
or otherwise and irrespective of whether Administrative Agent shall have made any demand on Borrower) shall be entitled and empowered,
by intervention in such proceeding or otherwise:

 

(a)        
to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Term Loans,
and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order
to have the claims of the Lenders and Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements
and advances of the Lenders and Administrative Agent and their respective agents and counsel and all other amounts due the Lenders
and Administrative Agent under Sections 5, 15.5 and 15.17) allowed in such judicial proceedings; and

 

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(b)        
to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same;

 

and any custodian, receiver, assignee,
trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender
to make such payments to Administrative Agent and, in the event that Administrative Agent shall consent to the making of such payments
directly to the Lenders, to pay to Administrative Agent any amount due for the reasonable compensation, expenses, disbursements
and advances of Administrative Agent and its agents and counsel, and any other amounts due Administrative Agent under Sections 5,
15.5 and 15.17.

 

Nothing contained herein
shall be deemed to authorize Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender any plan
of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or to authorize
Administrative Agent to vote in respect of the claim of any Lender in any such proceeding.

 

14.13    
Other Agents; Arrangers and Managers. None of the Lenders or other Persons identified on the facing page or
signature pages of this Agreement as a “syndication agent,” “documentation agent,” “co-agent,”
“book manager,” “lead manager,” “arranger,” “lead arranger” or “co-arranger”,
if any, shall have any right, power, obligation, liability, responsibility or duty under this Agreement other than, in the case
of such Lenders, those applicable to all Lenders as such. Without limiting the foregoing, none of the Lenders or other Persons
so identified shall have or be deemed to have any fiduciary relationship with any Lender. Each Lender acknowledges that it has
not relied, and will not rely, on any of the Lenders or other Persons so identified in deciding to enter into this Agreement or
in taking or not taking action hereunder.

 

Section 15   
GENERAL.

 

15.1      
Waiver; Amendments. No delay on the part of Administrative Agent or any Lender in the exercise of any right, power
or remedy shall operate as a waiver thereof, nor shall any single or partial exercise by any of them of any right, power or remedy
preclude other or further exercise thereof, or the exercise of any other right, power or remedy. No amendment, modification or
waiver of, or consent with respect to, any provision of this Agreement or the other Loan Documents shall in any event be effective
unless the same shall be in writing and acknowledged by the Required Lenders, and then any such amendment, modification, waiver
or consent shall be effective only in the specific instance and for the specific purpose for which given. No amendment, modification,
waiver or consent shall (a) extend or increase the Term Loan Commitment of any Lender without the written consent of such
Lender, (b) extend the date scheduled for payment of any principal (excluding mandatory prepayments) of or interest on the
Term Loans or any fees payable hereunder without the written consent of each Lender directly affected thereby, (c) reduce
the principal amount of any Term Loan, the rate of interest thereon or any fees payable hereunder, without the consent of each
Lender directly affected thereby; or (d) release any guarantor from its obligations under the Guaranty and Collateral Agreement,
other than as part of or in connection with any disposition permitted hereunder, or all or any substantial part of the Collateral
granted under the Collateral Documents (except as permitted by Section 14.9), change the definition of Required Lenders,
any provision of this Section 15.1, any provision of Section 13.3 or reduce the aggregate Pro Rata Share
required to effect an amendment, modification, waiver or consent, without, in each case set forth in this clause (d), the written
consent of all Lenders. No provision of Sections 6.1.2 or 6.2 with respect to the timing or application of mandatory
prepayments of the Term Loans shall be amended, modified or waived without the consent of the Required Lenders. No provision of
Section 14 or other provision of this Agreement affecting Administrative Agent in its capacity as such shall be amended,
modified or waived without the consent of Administrative Agent.

 

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Notwithstanding the
foregoing, this agreement may be amended (or amended and restated) with the written consent of the Required Lenders, Administrative
Agent and Borrower (a) to add one or more additional credit facilities to this Agreement and to permit the extensions of credit
from time to time outstanding thereunder and the accrued interest and fees in respect thereof to share ratably in the benefits
of this Agreement and the other Loan Documents with the Term Loans and the accrued interest and fees in respect thereof and (b) to
include appropriately the Lenders holding such credit facilities in any determination of the Required Lenders.

 

If, in connection with
any proposed amendment, modification, waiver or termination requiring the consent of all Lenders, the consent of the Required Lenders
is obtained, but the consent of other Lenders whose consent is required is not obtained (any such Lender whose consent is not obtained
being referred to as a “Non-Consenting Lender”), then, so long as Administrative Agent is not a Non-Consenting
Lender, Administrative Agent and/or a Person or Persons reasonably acceptable to Administrative Agent shall have the right to purchase
from such Non-Consenting Lenders, and such Non-Consenting Lenders agree that they shall, upon Administrative Agent’s request,
sell and assign to Administrative Agent and/or such Person or Persons, all of the Term Loans of such Non-Consenting Lenders for
an amount equal to the principal balance of all such Term Loans held by such Non-Consenting Lenders and all accrued interest, fees,
expenses and other amounts then due with respect thereto through the date of sale, such purchase and sale to be consummated pursuant
to an executed Assignment Agreement.

 

15.2     
Confirmations. Borrower and each holder of a Term Note agree from time to time, upon written request received by
it from the other, to confirm to the other in writing (with a copy of each such confirmation to Administrative Agent) the aggregate
unpaid principal amount of the Term Loans then outstanding under such Term Note.

 

15.3      
Notices. All notices hereunder shall be in writing (including facsimile transmission) and shall be sent to the applicable
party at its address shown on Annex B or at such other address as such party may, by written notice received by the other
parties, have designated as its address for such purpose. Notices sent by facsimile transmission shall be deemed to have been given
when sent; notices sent by mail shall be deemed to have been given three (3) Business Days after the date when sent by registered
or certified mail, postage prepaid; and notices sent by hand delivery or overnight courier service shall be deemed to have been
given when received. Administrative Agent shall be entitled to rely on telephonic instructions from any person that Administrative
Agent in good faith believes is an authorized officer or employee of Borrower, and Borrower shall hold Administrative Agent and
each other Lender harmless from any loss, cost or expense resulting from any such reliance.

 

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15.4      
Computations. Where the character or amount of any asset or liability or item of income or expense is required to
be determined, or any consolidation or other accounting computation is required to be made, for the purpose of this Agreement,
such determination or calculation shall, to the extent applicable and except as otherwise specified in this Agreement, be made
in accordance with GAAP, consistently applied; provided that if Borrower notifies Administrative Agent that Borrower wishes
to amend any covenant in Sections 10 or 11.13 (or any related definition) to eliminate or to take into account
the effect of any change in GAAP on the operation of such covenant (or if Administrative Agent notifies Borrower that the Required
Lenders wish to amend Sections 10 or 11.13 (or any related definition) for such purpose), then Borrower’s
compliance with such covenant shall be determined on the basis of GAAP in effect immediately before the relevant change in GAAP
became effective, until either such notice is withdrawn or such covenant (or related definition) is amended in a manner satisfactory
to Borrower and the Required Lenders.

 

15.5      
Costs, Expenses and Taxes. Each Loan Party, jointly and severally agrees to pay on demand all reasonable out-of-pocket
costs and expenses of Administrative Agent (including Attorney Costs and any Taxes) in connection with the preparation, execution,
delivery and administration (including perfection and protection of any Collateral) of this Agreement, the other Loan Documents
and all other documents provided for herein or delivered or to be delivered hereunder or in connection herewith (including any
amendment, supplement or waiver to any Loan Document), whether or not the transactions contemplated hereby or thereby shall be
consummated (“Lender Expenses”), and all reasonable out-of-pocket costs and expenses (including Attorney Costs
and any Taxes) incurred by Administrative Agent and each Lender after an Event of Default in connection with the collection of
the Obligations or the enforcement of this Agreement the other Loan Documents or any such other documents or during any workout,
restructuring or negotiations in respect thereof. The Loan Parties shall have deposited $5,000 with Administrative or its Affiliates
prior to the Closing Date, which amount shall be credited against the Lender Expenses. The Loan Parties shall pay to Administrative
Agent the following expenses promptly following receipt of invoices: (i) Lender Expenses constituting legal fees and travel up
to $200,000 (the “Expense Cap”), plus costs associated with security interest filings (including with the United
States Patent and Trademark Office), (ii) Lender Expenses incurred in connection with the Financing with Eligible Stockholders
in accordance with Section 10.13 hereof, including any amendments to this Agreement or the Certificate of Designations for
the Series A Preferred Stock incurred in connection therewith or as contemplated by Schedule 10.13 and (iii) Lender Expenses
in connection with the enforcement of Administrative Agent’s rights and remedies with respect to (x) the collection of any
Obligations, (y) the enforcement or collection of the Collateral or (z) any provision of this Agreement or any other Loan Document.
The Expense Cap is inclusive of amounts reimbursed to Agent in connection with the closing of the Original Loan.

 

In addition, each Loan
Party agrees to pay, and to save Administrative Agent and the Lenders harmless from all liability for, any fees of Borrower’s
auditors in connection with any reasonable exercise by Administrative Agent and the Lenders of their rights pursuant to Section 10.2.
All Obligations provided for in this Section 15.5 shall survive repayment of the Term Loans, cancellation of the Term
Notes, or termination of this Agreement.

 

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15.6      
Assignments; Participations.

 

15.6.1    
Assignments. (a) Any Lender may at any time assign to one or more Persons (any such Person, an “Assignee”)
all or any portion of such Lender’s Term Loans and Term Loan Commitments, with the prior written consent of Administrative
Agent and Borrower (which consent of Borrower shall not be unreasonably withheld or delayed), provided, however, consent of Borrower
shall not be required (x) for an assignment by a Lender to a Lender or an Affiliate of a Lender or an Approved Fund, or, or (y)
during the existence of a Default or an Event of Default. Except as Administrative Agent may otherwise agree, any such assignment
shall be in a minimum aggregate amount equal to $100,000 or, if less, the remaining Term Loan Commitment and Term Loans held by
the assigning Lender. Borrower and Administrative Agent shall be entitled to continue to deal solely and directly with such Lender
in connection with the interests so assigned to an Assignee until Administrative Agent shall have received and accepted an effective
assignment agreement in substantially the form of Exhibit C hereto (an “Assignment Agreement”) executed,
delivered and fully completed by the applicable parties thereto and a processing fee of $3,500 (which shall not be required in
connection with any assignment of a portion of HCP-FVA’s Term Loans in connection with the consummation of the Financing
in accordance with Section 10.13 and Schedule 10.13 hereto). No assignment may be made to any Person if at the time
of such assignment Borrower would be obligated to pay any greater amount under Sections 7.6 or 8 to the Assignee
than Borrower is then obligated to pay to the assigning Lender under such Sections (and if any assignment is made in violation
of the foregoing, Borrower will not be required to pay such greater amounts). Any attempted assignment not made in accordance with
this Section 15.6.1 shall be treated as the sale of a participation under Section 15.6.2. Borrower shall
be deemed to have granted its consent to any assignment requiring its consent hereunder unless Borrower has expressly objected
to such assignment within three Business Days after notice thereof.

 

(b)        
From and after the date on which the conditions described above have been met, (i) such Assignee shall be deemed automatically
to have become a party hereto and, to the extent that rights and obligations hereunder have been assigned to such Assignee pursuant
to such Assignment Agreement, shall have the rights and obligations of a Lender hereunder and (ii) the assigning Lender, to
the extent that rights and obligations hereunder have been assigned by it pursuant to such Assignment Agreement, shall be released
from its rights (other than its indemnification rights) and obligations hereunder. Upon the request of the Assignee (and, as applicable,
the assigning Lender) pursuant to an effective Assignment Agreement, Borrower shall execute and deliver to Administrative Agent
for delivery to the Assignee (and, as applicable, the assigning Lender) a Term Note in the principal amount of the Assignee’s
Pro Rata Share of the Assignee’s Term Loans (and, as applicable, a Term Note in the principal amount of the Term Loans retained
by the assigning Lender). Each such Term Note shall be dated the effective date of such assignment. Upon receipt by Administrative
Agent of such Term Note(s), the assigning Lender shall return to Borrower any prior Term Note held by it.

 

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(c)        
Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement
to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank, and this
Section shall not apply to any such pledge or assignment of a security interest; provided that no such pledge or assignment
of a security interest shall release a Lender from any of its obligations hereunder or substitute any such pledgee or assignee
for such Lender as a party hereto.

 

15.6.2    
Participations. Subject to the prior written approval of the Administrative Agent, any Lender may at any time sell
to one or more Persons participating interests in its Term Loans, Term Loan Commitments or other interests hereunder (any such
Person, a “Participant”). In the event of a sale by a Lender of a participating interest to a Participant, (a) such
Lender’s obligations hereunder shall remain unchanged for all purposes, (b) Borrower and Administrative Agent shall
continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations hereunder and
(c) all amounts payable by Borrower shall be determined as if such Lender had not sold such participation and shall be paid
directly to such Lender. No Participant shall have any direct or indirect voting rights hereunder except with respect to any event
described in Section 15.1 expressly requiring the unanimous vote of all Lenders or, as applicable, all affected Lenders.
Each Lender agrees to incorporate the requirements of the preceding sentence into each participation agreement which such Lender
enters into with any Participant. Borrower agrees that if amounts outstanding under this Agreement are due and payable (as a result
of acceleration or otherwise), each Participant shall be deemed to have the right of set-off in respect of its participating interest
in amounts owing under this Agreement to the same extent as if the amount of its participating interest were owing directly to
it as a Lender under this Agreement; provided that such right of set-off shall be subject to the obligation of each Participant
to share with the Lenders, and the Lenders agree to share with each Participant, as provided in Section 7.5. Borrower
also agrees that each Participant shall be entitled to the benefits of Section 7.6 or 8 as if it were a Lender
(provided that on the date of the participation no Participant shall be entitled to any greater compensation pursuant to
Section 7.6 or 8 than would have been paid to the participating Lender on such date if no participation
had been sold and that each Participant complies with Section 7.6(d) as if it were an Assignee).

 

15.7      
Register. Administrative Agent shall maintain a copy of each Assignment Agreement delivered and accepted by it and
register (the “Register”) for the recordation of names and addresses of the Lenders and the Term Loan Commitment
of each Lender from time to time and whether such Lender is the original Lender or the Assignee. No assignment shall be effective
unless and until the Assignment Agreement is accepted and registered in the Register. All records of transfer of a Lender’s
interest in the Register shall be conclusive, absent manifest error, as to the ownership of the interests in the Term Loans. Administrative
Agent shall not incur any liability of any kind with respect to any Lender with respect to the maintenance of the Register.

 

15.8      
GOVERNING LAW. THIS AGREEMENT AND EACH NOTE SHALL BE A CONTRACT MADE UNDER AND GOVERNED BY THE INTERNAL LAWS OF
THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE, WITHOUT REGARD TO CONFLICT OF
LAWS PRINCIPLES.

 

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15.9      
Confidentiality; Non-Public Information.

 

15.9.1As
required by federal law and Administrative Agent’s policies and practices, Administrative Agent may need to obtain, verify,
and record certain customer identification information and documentation in connection with opening or maintaining accounts, or
establishing or continuing to provide services. Administrative Agent and each Lender agree to use commercially reasonable efforts
(no lesser than the efforts Administrative Agent or such Lender applies to maintain the confidentiality of its own confidential
information) to maintain as confidential all confidential information provided to them by any Loan Party, except that Administrative
Agent and each Lender may disclose such information (a) to Persons employed or engaged by Administrative Agent or such Lender
or such Lender’s Affiliates or Approved Funds in evaluating, approving, structuring or administering the Term Loans and the
Term Loan Commitments, provided that, all such Persons shall be bound by obligations of confidentiality in respect of such
information no less restrictive than this Section 15.9; (b) to any assignee or participant or potential assignee or
participant that has agreed to comply with the covenant contained in this Section 15.9 (and any such assignee or participant
or potential assignee or participant may disclose such information to Persons employed or engaged by them as described in clause
(a) above); (c) as required or requested by any federal or state regulatory authority or examiner or by applicable law
(including securities laws), or any insurance industry association, or as reasonably believed by Administrative Agent or such Lender
to be compelled by any court decree, subpoena or legal or administrative order or process; (d) as, on the advice of Administrative
Agent’s or such Lender’s counsel, is required by law; (e) in connection with the exercise of any right or remedy under
the Loan Documents or in connection with any litigation to which Administrative Agent or such Lender is a party; (f) to any
nationally recognized rating agency that requires access to information about a Lender’s investment portfolio in connection
with ratings issued with respect to such Lender; (g) to any Affiliate of Administrative Agent, or any Lender who may provide
Bank Products to the Loan Parties, provided that, all such Persons shall be bound by obligations of confidentiality in respect
of such information no less restrictive than this Section 15.9; (h) to Lender’s independent auditors and other
professional advisors as to which such information has been identified as confidential; or (i) that ceases to be confidential
through no fault of Administrative Agent or any Lender. In the case of any disclosure under Sections 15.9.1(c), (d), (e) and
(f), Administrative Agent and such Lender will provide Borrower, to the extent not prohibited by law, with reasonably prompt
notice thereof so that Borrower may seek, at Borrower’s sole expense, an appropriate protective order or other remedy or
waive compliance, in whole or in part, with the terms of this Section 15.9, and Administrative Agent and such Lender will
reasonably cooperate with Borrower, at Borrower’s expense, with respect thereto. Notwithstanding the foregoing, Borrower
consents to the publication by Administrative Agent or any Lender of a tombstone or similar advertising material relating to the
financing transactions contemplated by this Agreement, and Administrative Agent reserves the right to provide to industry trade
organizations information necessary and customary for inclusion in league table measurements. If any provision of any confidentiality
agreement, non-disclosure agreement or other similar agreement between Borrower and Lender conflicts with or contradicts this Section 15.9
with respect to the treatment of confidential information, this section shall supersede all such prior or contemporaneous agreements
and understandings between the parties.

 

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15.9.2The
Loan Parties hereby acknowledge that (a) the Administrative Agent will make available to the Lenders materials and/or information
provided by or on behalf of the Borrower hereunder and (b) certain of the Lenders may have personnel who do not wish to receive
material non-public information (“MNPI”) with respect to the Loan Parties or their Affiliates, or the respective
securities of any of the foregoing, and who may be engaged in investment and other market-related activities with respect to such
Persons’ securities. The Loan Parties hereby agree that by publicly filing such information with the SEC, then Administrative
Agent, the Lenders shall be entitled to treat such information as not containing any MNPI for purposes of United States federal
and state securities laws.

 

15.9.3If
any Lender has elected to abstain from receiving MNPI concerning the Loan Parties or their Affiliates, such Lender acknowledges
that, notwithstanding such election, Administrative Agent and/or the Loan Parties will, from time to time, make available syndicate-information
(which may contain MNPI) as required by the terms of this Agreement, or in the course of administering the Term Loans, to the credit
contact(s) identified for receipt of such information on the Lender's administrative questionnaire who are able to receive and
use all syndicate-level information (which may contain MNPI) in accordance with such Lender's compliance policies and Contractual
Obligations and applicable law, including federal and state securities laws; provided, that if such contact is not so identified
in such questionnaire, the relevant Lender or hereby agrees to promptly (and in any event within one (1) Business Day) provide
such a contact to Administrative Agent and the Loan Parties upon request therefor by Administrative Agent or the Loan Parties.
Notwithstanding such Lender's election to abstain from receiving MNPI, such Lender acknowledges that if such Lender chooses to
communicate with Administrative Agent, it assumes the risk of receiving MNPI concerning the Loan Parties or their Affiliates.

 

15.10    
Severability. Whenever possible each provision of this Agreement shall be interpreted in such manner as to be effective
and valid under applicable law, but if any provision of this Agreement shall be prohibited by or invalid under applicable law,
such provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such
provision or the remaining provisions of this Agreement. All obligations of the Loan Parties and rights of Administrative Agent
and the Lenders expressed herein or in any other Loan Document shall be in addition to and not in limitation of those provided
by applicable law.

 

15.11    
Nature of Remedies. All Obligations of the Loan Parties and rights of Administrative Agent and the Lenders expressed
herein or in any other Loan Document shall be in addition to and not in limitation of those provided by applicable law. No failure
to exercise and no delay in exercising, on the part of Administrative Agent or any Lender, any right, remedy, power or privilege
hereunder, shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege
hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege.

 

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15.12    
Entire Agreement. This Agreement, together with the other Loan Documents, embodies the entire agreement and understanding
among the parties hereto and supersedes all prior or contemporaneous agreements and understandings of such Persons, verbal or written,
relating to the subject matter hereof and thereof and any prior arrangements made with respect to the payment by the Loan Parties
of (or any indemnification for) any fees, costs or expenses payable to or incurred (or to be incurred) by or on behalf of Administrative
Agent or the Lenders.

 

15.13    
Counterparts. This Agreement may be executed in any number of counterparts and by the different parties hereto on
separate counterparts and each such counterpart shall be deemed to be an original, but all such counterparts shall together constitute
but one and the same Agreement. Receipt of an executed signature page to this Agreement by facsimile or other electronic transmission
shall constitute effective delivery thereof. Electronic records of executed Loan Documents maintained by the Lenders shall deemed
to be originals.

 

15.14    
Successors and Assigns. This Agreement shall be binding upon Borrower, the Lenders and Administrative Agent and their
respective successors and assigns, and shall inure to the benefit of Borrower, the Lenders and Administrative Agent and the successors
and assigns of the Lenders and Administrative Agent. No other Person shall be a direct or indirect legal beneficiary of, or have
any direct or indirect cause of action or claim in connection with, this Agreement or any of the other Loan Documents. No Loan
Party may assign or transfer any of its rights or Obligations under this Agreement without the prior written consent of Administrative
Agent and each Lender.

 

15.15    
Captions. Section captions used in this Agreement are for convenience only and shall not affect the construction
of this Agreement.

 

15.16    
Customer Identification – USA Patriot Act Notice. Each Lender and HCP-FVA (for itself and not on behalf of
any other party) hereby notifies the Loan Parties that, pursuant to the requirements of the USA Patriot Act, Title III of
Pub. L. 107-56, signed into law October 26, 2001 (the “Patriot Act”), it is required to obtain, verify
and record information that identifies the Loan Parties, which information includes the name and address of the Loan Parties and
other information that will allow such Lender or HCP-FVA, as applicable, to identify the Loan Parties in accordance with the Act.

 

15.17    
INDEMNIFICATION BY LOAN PARTIES. IN CONSIDERATION OF THE EXECUTION AND DELIVERY OF THIS AGREEMENT BY ADMINISTRATIVE
AGENT AND THE LENDERS AND THE AGREEMENT TO EXTEND THE TERM LOAN COMMITMENTS PROVIDED HEREUNDER, BORROWER HEREBY AGREES TO INDEMNIFY,
EXONERATE AND HOLD ADMINISTRATIVE AGENT, EACH LENDER AND EACH OF THE OFFICERS, DIRECTORS, EMPLOYEES, AFFILIATES, APPROVED FUNDS
AND AGENTS OF ADMINISTRATIVE AGENT AND EACH LENDER (EACH A “LENDER PARTY”) FREE AND HARMLESS FROM AND AGAINST
ANY AND ALL ACTIONS, CAUSES OF ACTION, SUITS, LOSSES, LIABILITIES, DAMAGES AND EXPENSES, INCLUDING ATTORNEY COSTS (COLLECTIVELY,
THE “INDEMNIFIED LIABILITIES”), INCURRED BY THE LENDER PARTIES OR ANY OF THEM AS A RESULT OF, OR ARISING OUT
OF, OR RELATING TO (a) ANY TENDER OFFER, MERGER, PURCHASE OF CAPITAL SECURITIES, PURCHASE OF ASSETS OR OTHER SIMILAR TRANSACTION
FINANCED OR PROPOSED TO BE FINANCED IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, WITH THE PROCEEDS OF ANY OF THE LOANS, (b) THE
USE, HANDLING, RELEASE, EMISSION, DISCHARGE, TRANSPORTATION, STORAGE, TREATMENT OR DISPOSAL OF ANY HAZARDOUS SUBSTANCE AT ANY PROPERTY
OWNED OR LEASED AT ANY TIME BY ANY LOAN PARTY, (c) ANY VIOLATION, OBLIGATION OR LIABILITY PURSUANT TO ANY ENVIRONMENTAL LAWS
WITH RESPECT TO CONDITIONS AT ANY PROPERTY OWNED OR LEASED BY ANY LOAN PARTY AT ANY TIME OR THE OPERATIONS CONDUCTED THEREON, (d)
THE INVESTIGATION, CLEANUP OR REMEDIATION OF OFFSITE LOCATIONS AT WHICH ANY LOAN PARTY OR THEIR RESPECTIVE PREDECESSORS ARE ALLEGED
TO HAVE DIRECTLY OR INDIRECTLY DISPOSED OF HAZARDOUS SUBSTANCES OR OTHERWISE BE LIABLE UNDER ENVIRONMENTAL LAWS, (e) THE EXECUTION,
DELIVERY, PERFORMANCE OR ENFORCEMENT OF THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT BY ANY OF THE LENDER PARTIES, (f) THE ISSUANCE
BY BORROWER OF THE LOAN & BACKSTOP WARRANTS OR THE FINANCING UNIT WARRANTS OR ANY COMMON STOCK ISSUABLE UPON EXERCISE THEREOF
OR THE CONSUMMATION OF THE FINANCING OR (g) ANY BREACH OF ANY REPRESENTATION, WARRANTY OR COVENANT BY ANY LOAN PARTY OF THIS AGREEMENT
(INCLUDING SECTION 9.30 HEREOF) OR ANY OTHER LOAN DOCUMENT, EXCEPT FOR ANY SUCH INDEMNIFIED LIABILITIES ARISING ON ACCOUNT OF THE
APPLICABLE LENDER PARTY’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT AS DETERMINED BY A FINAL, NONAPPEALABLE JUDGMENT BY A COURT
OF COMPETENT JURISDICTION. IF AND TO THE EXTENT THAT THE FOREGOING UNDERTAKING MAY BE UNENFORCEABLE FOR ANY REASON, EACH LOAN
PARTY HEREBY AGREES TO MAKE THE MAXIMUM CONTRIBUTION TO THE PAYMENT AND SATISFACTION OF EACH OF THE INDEMNIFIED LIABILITIES WHICH
IS PERMISSIBLE UNDER APPLICABLE LAW. ALL OBLIGATIONS PROVIDED FOR IN THIS SECTION 15.17 SHALL SURVIVE REPAYMENT OF
THE TERM LOANS, CANCELLATION OF THE TERM NOTES, ANY FORECLOSURE UNDER, OR ANY MODIFICATION, RELEASE OR DISCHARGE OF, ANY OR ALL
OF THE COLLATERAL DOCUMENTS AND TERMINATION OF THIS AGREEMENT.

 

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15.18    
Nonliability of Lenders. The relationship between Borrower on the one hand and the Lenders and Administrative Agent
on the other hand shall be solely that of borrower and lender. Neither Administrative Agent nor any Lender has any fiduciary relationship
with or duty to any Loan Party arising out of or in connection with this Agreement or any of the other Loan Documents, and the
relationship between the Loan Parties, on the one hand, and Administrative Agent and the Lenders, on the other hand, in connection
herewith or therewith is solely that of debtor and creditor. Neither Administrative Agent nor any Lender undertakes any responsibility
to any Loan Party to review or inform any Loan Party of any matter in connection with any phase of any Loan Party’s business
or operations. Borrower agrees, on behalf of itself and each other Loan Party, that neither Administrative Agent nor any Lender
shall have liability to any Loan Party (whether sounding in tort, contract or otherwise) for losses suffered by any Loan Party
in connection with, arising out of, or in any way related to the transactions contemplated and the relationship established by
the Loan Documents, or any act, omission or event occurring in connection therewith, unless it is determined in a final non-appealable
judgment by a court of competent jurisdiction that such losses resulted from the gross negligence or willful misconduct of the
party from which recovery is sought. NO LENDER PARTY SHALL BE LIABLE FOR ANY DAMAGES ARISING FROM THE USE BY OTHERS OF ANY INFORMATION
OR OTHER MATERIALS OBTAINED THROUGH INTRALINKS OR OTHER SIMILAR INFORMATION TRANSMISSION SYSTEMS IN CONNECTION WITH THIS AGREEMENT,
NOR SHALL ANY LENDER PARTY HAVE ANY LIABILITY WITH RESPECT TO, AND BORROWER ON BEHALF OF ITSELF AND EACH OTHER LOAN PARTY, HEREBY
WAIVES, RELEASES AND AGREES NOT TO SUE FOR ANY SPECIAL, PUNITIVE, EXEMPLARY, INDIRECT OR CONSEQUENTIAL DAMAGES RELATING TO THIS
AGREEMENT OR ANY OTHER LOAN DOCUMENT OR ARISING OUT OF ITS ACTIVITIES IN CONNECTION HEREWITH OR THEREWITH (WHETHER BEFORE OR AFTER
THE CLOSING DATE). Each Loan Party acknowledges that it has been advised by counsel in the negotiation, execution and delivery
of this Agreement and the other Loan Documents to which it is a party. No joint venture is created hereby or by the other Loan
Documents or otherwise exists by virtue of the transactions contemplated hereby among the Lenders or among the Loan Parties and
the Lenders.

 

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15.19    
FORUM SELECTION AND CONSENT TO JURISDICTION. ANY LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION
WITH THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, SHALL BE BROUGHT AND MAINTAINED EXCLUSIVELY IN THE COURTS OF THE STATE OF NEW YORK
OR IN THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK; PROVIDED THAT NOTHING IN THIS AGREEMENT SHALL
BE DEEMED OR OPERATE TO PRECLUDE ADMINISTRATIVE AGENT FROM BRINGING SUIT OR TAKING OTHER LEGAL ACTION IN ANY OTHER JURISDICTION.
EACH LOAN PARTY HEREBY EXPRESSLY AND IRREVOCABLY SUBMITS TO THE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK AND OF THE
UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK FOR THE PURPOSE OF ANY SUCH LITIGATION AS SET FORTH ABOVE. EACH
LOAN PARTY FURTHER IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS BY REGISTERED MAIL, POSTAGE PREPAID, OR BY PERSONAL SERVICE WITHIN
OR WITHOUT THE STATE OF NEW YORK. EACH LOAN PARTY HEREBY EXPRESSLY AND IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW,
ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY SUCH LITIGATION BROUGHT IN ANY SUCH COURT REFERRED
TO ABOVE AND ANY CLAIM THAT ANY SUCH LITIGATION HAS BEEN BROUGHT IN AN INCONVENIENT FORUM.

 

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15.20    
WAIVER OF JURY TRIAL. EACH LOAN PARTY, ADMINISTRATIVE AGENT AND EACH LENDER HEREBY WAIVES ANY RIGHT TO A TRIAL
BY JURY IN ANY ACTION OR PROCEEDING TO ENFORCE OR DEFEND ANY RIGHTS UNDER THIS AGREEMENT, ANY NOTE, ANY OTHER LOAN DOCUMENT AND
ANY AMENDMENT, INSTRUMENT, DOCUMENT OR AGREEMENT DELIVERED OR WHICH MAY IN THE FUTURE BE DELIVERED IN CONNECTION HEREWITH
OR THEREWITH OR ARISING FROM ANY LENDING RELATIONSHIP EXISTING IN CONNECTION WITH ANY OF THE FOREGOING, AND AGREES THAT ANY SUCH
ACTION OR PROCEEDING SHALL BE TRIED BEFORE A COURT AND NOT BEFORE A JURY.

 

[SIGNATURE PAGES FOLLOW]

 

    71

    

    

 

The parties hereto
have caused this Agreement to be duly executed and delivered by their duly authorized officers as of the date first set forth above.

 

	BORROWER:	FALCONSTOR SOFTWARE, INC., a Delaware corporation

	 	 	 
	 	By:	/s/ Patrick McClain
	 	Name:	Patrick McClain
	 	Title: 	EVP and Chief Financial Officer 

 

	
        GUARANTOR:

         
	FALCONSTOR, INC., a Delaware corporation

	 	By:	/s/ Patrick McClain
	 	Name:	Patrick McClain
	 	Title:	EVP and Chief Financial Officer
	 	 	 
	 	FALCONSTOR AC, INC., a Delaware corporation
	 	 	 
	 	By:	/s/ Patrick McClain
	 	Name:	Patrick McClain
	 	Title:	EVP and Chief Financial Officer

 

	ADMINISTRATIVE AGENT	HCP-FVA, LLC, as Administrative Agent

	 	 	 
	 	By:	Hale Capital Partners, LP
	 	 	 
	 	By:	/s/ Martin Hale, Jr.
	 	Name:	Martin Hale, Jr.
	 	Title:	Chief Executive Officer

 

    Signature Page to
 Credit Agreement

    

    

 

	LENDER:	HCP-FVA, LLC, as Lender

	 	 	 
	 	By:	Hale Capital Partners, LP
	 	 	 
	 	By:	/s/ Martin Hale, Jr.
	 	Name:	Martin Hale, Jr.
	 	Title:	Chief Executive Officer

 

    Signature Page to
 Credit Agreement

    

    

 

ANNEX A

 

LENDERS
AND PRO RATA SHARES

 

	Lender	Term Loan 

                                                                                Commitment
	Pro Rata

                                                                                  Share*/ 

	HCP-FVA, LLC	$3,000,000	100%
	TOTALS	$3,000,000	100%

 

*/Carry out to nine decimal places.

 

    Annex A to Credit Agreement

    

    

 

ANNEX B

 

ADDRESSES
FOR NOTICES

 

BORROWER:

 

FalconStor Software, Inc.

2 Huntington Quadrangle

Melville, New York 11747

Attention: Patrick S. McClain,

Email: patrick.mcclain@falconstor.com

 

With a copy to:

 

Olshan Frome Wolosky LLP

1325 Avenue of the Americas

New York, NY 10019

Attention: Kenneth Schlesinger, Esq.

E-Mail: kschlesinger@olshanlaw.com

Telephone: 212-451-2252

Facsimile: 212-451-2222

 

ADMINISTRATIVE AGENT:

 

HCP-FVA, LLC, as Administrative Agent

c/o Hale Capital Partners, LP

17 State Street, Suite 3230

New York, NY 10004

Attention: Martin M. Hale, Jr.

E-Mail: martin@halefunds.com

Telephone:

Facsimile: 212-751-1201

 

With a mandatory copy to:

 

Greenberg Traurig, P.A.

401 E. Las Olas Boulevard, Suite 2000

Fort Lauderdale, FL 33301

Attention: Mathew B. Hoffman, Esq.

E-Mail: hoffmanma@gtlaw.com

Telephone: 954-768-8203

Facsimile: 954-759-5532

 

Annex B to Credit Agreement

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