Document:

Amended and Restated Loan and Security Agreement

 Exhibit 10.7.1 
 AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT 
 THIS AMENDED AND RESTATED LOAN AND SECURITY
AGREEMENT (this “Agreement”) dated as of the Effective Date between SILICON VALLEY BANK, a California corporation (“Bank”), and SENORX, INC., a Delaware corporation (“Borrower”),
provides the terms on which Bank shall lend to Borrower and Borrower shall repay Bank. The parties agree as follows: 
 RECITALS

 This Agreement amends and restates in its entirety that certain Loan and Security Agreement dated as of March 15, 2002 between
Bank and Borrower, as amended and as otherwise modified from time to time prior to the date hereof (the “Prior Loan Agreement”), provided, however, the Equipment Advances Provisions (as defined below) shall continue to
operate and be effective as to the Existing Equipment Advances (as defined below) and all remedial provisions relating thereto. This Agreement sets forth the terms on which Bank will continue the existing credit accommodations to Borrower, and
contains the repayment provisions for Borrower for amounts owing to Bank by Borrower. 
 Notwithstanding the foregoing amendment and
restatement of the Prior Loan Agreement to be this Agreement, the following agreements, documents and instruments shall continue in full force and effect and shall continue to secure all present and future indebtedness, liabilities, guarantees and
other Obligations (as defined in this Agreement): All standard documents of Bank entered into by the Borrower relating to security agreements, collateral assignments and mortgages, including but not limited to those relating to all lockbox
agreements and/or blocked account agreements; all UCC-1 financing statements and other documents filed with governmental offices which perfect liens or security interests in favor of Bank together with any and all warrants to purchase stock.

 Under the Prior Loan Agreement Bank extended term loan advances denominated as “Equipment Advances” and “Equipment B
Advances” (as each such term is defined in the Prior Loan Agreement), and such “Equipment Advances” and “Equipment B Advances” are collectively referred to herein as the “Existing Equipment Advances”. The
terms and provisions relating to the making, repayment of, interest on such Existing Equipment Advances and all provisions and terms required in connection therewith for all such terms and provisions to operate per the Prior Loan Agreement are
collectively referred to herein as the “Equipment Advances Provisions.” 
 Further, Borrower acknowledges that the present
unpaid aggregate principal balance of the Borrower’s indebtedness, liabilities and obligations to Bank under the Prior Loan Agreement consisting of revolving loans in an aggregate principal amount of $2,890,000.00 shall be the opening balances
of the Advances pursuant to this Agreement as of the date hereof, and shall, for all purposes, be deemed to be Credit Extensions made by Bank to the Borrower pursuant to this Agreement. The Existing Equipment Advances shall continue to remain due
and owing pursuant to the Equipment Advances Provisions. 
  

	 	1	ACCOUNTING AND OTHER TERMS 

 Accounting terms
not defined in this Agreement shall be construed following GAAP. Calculations and determinations must be made following GAAP. Capitalized terms not otherwise defined in this Agreement shall have the meanings set forth in Section 13. All other
terms contained in this Agreement, unless otherwise indicated, shall have the meaning provided by the Code to the extent such terms are defined therein. 
  

	 	2	LOAN AND TERMS OF PAYMENT 

 2.1 Promise to
Pay. Borrower hereby unconditionally promises to pay Bank the outstanding principal amount of all Credit Extensions and accrued and unpaid interest thereon as and when due in accordance with this Agreement. 

 2.1.1 Revolving Advances. 
 (a) Availability. Subject to the terms and conditions of this Agreement and to deduction of Reserves, Bank will make Advances to
Borrower, provided that, after giving effect to such Advances: (i) the total of the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), plus (ii) an amount equal to the Letter of Credit
Reserves, plus (iii) the FX Reserve, plus (iv) amounts used for Cash Management Services, and plus (v) the outstanding principal balance of all Advances (and without duplication of amounts included in clause (iv) hereof,
including any amounts used for Cash Management Services) shall not exceed the lesser of (X) the Maximum Dollar Amount minus the aggregate amount of Existing Equipment Advances then outstanding or (Y) the Borrowing Base. 

(b) Termination; Repayment. The Revolving Line terminates on the Revolving Line Maturity Date, when the principal amount of all
Advances, the unpaid interest thereon, and all other Obligations relating to the Revolving Line shall be immediately due and payable. 
 2.1.2 Letters of Credit Sublimit. 
 (a) Subject to the Overall Sublimit in Section 2.1.5 below, as part
of the Revolving Line, Bank shall issue or have issued Letters of Credit for Borrower’s account, provided that, in addition to the applicability of the Overall Sublimit, after giving effect to such Letters of Credit: (i) the total of the
amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), plus (ii) an amount equal to the Letter of Credit Reserves, plus (iii) the FX Reserve, plus (iv) amounts used for Cash Management
Services, and plus (v) the outstanding principal balance of any Advances (and without duplication of amounts included in clause (iv) hereof, including any amounts used for Cash Management Services) shall not exceed the lesser of
(X) the Maximum Dollar Amount minus the aggregate amount of Existing Equipment Advances then outstanding, or (Y) the Borrowing Base. The aggregate amounts utilized hereunder shall at all times reduce the amount otherwise available
for Advances under the Revolving Line. If, on the Revolving Maturity Date, there are any outstanding Letters of Credit, then on such date Borrower shall provide to Bank cash collateral in an amount equal to 105% of the face amount of all such
Letters of Credit plus all interest, fees, and costs due or to become due in connection therewith (as estimated by Bank in its good faith business judgment), to secure all of the Obligations relating to said Letters of Credit. All Letters of Credit
shall be in form and substance acceptable to Bank in its sole discretion and shall be subject to the terms and conditions of Bank’s standard Application and Letter of Credit Agreement (the “Letter of Credit Application”).
Borrower agrees to execute any further documentation in connection with the Letters of Credit as Bank may reasonably request. Borrower further agrees to be bound by the regulations and interpretations of the issuer of any Letters of Credit
guarantied by Bank and opened for Borrower’s account or by Bank’s interpretations of any Letter of Credit issued by Bank for Borrower’s account, and Borrower understands and agrees that Bank shall not be liable for any error,
negligence, or mistake, whether of omission or commission, in following Borrower’s instructions or those contained in the Letters of Credit or any modifications, amendments, or supplements thereto. 
 (b) The obligation of Borrower to immediately reimburse Bank for drawings made under Letters of Credit shall be absolute, unconditional,
and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement, such Letters of Credit, and the Letter of Credit Application. 
 (c) Borrower may request that Bank issue a Letter of Credit payable in a Foreign Currency. If a demand for payment is made under any such
Letter of Credit, Bank shall treat such demand as an Advance to Borrower of the equivalent of the amount thereof (plus fees and charges in connection therewith such as wire, cable, SWIFT or similar charges) in Dollars at the then-prevailing rate of
exchange in San Francisco, California, for sales of the Foreign Currency for transfer to the country issuing such Foreign Currency. 
 (d) To guard against fluctuations in currency exchange rates, upon the issuance of any Letter of Credit payable in a Foreign Currency, Bank shall create a reserve (the “Letter of Credit Reserve”) under the
Revolving Line in an amount equal to ten percent (10%) of the face amount of such Letter of Credit. The amount of the Letter of Credit Reserve may be adjusted by Bank from time to time to account for fluctuations in the exchange rate. The
availability of funds under the Revolving Line shall be reduced by the amount of such Letter of Credit Reserve for as long as such Letter of Credit remains outstanding. 
  

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 2.1.3 Foreign Exchange Sublimit. Subject to the Overall Sublimit in Section 2.1.5 below, as
part of the Revolving Line, Borrower may enter into foreign exchange contracts with Bank under which Borrower commits to purchase from or sell to Bank a specific amount of Foreign Currency (each, a “FX Forward Contract”) on a
specified date (the “Settlement Date”); provided that, after giving effect to such FX Forward Contracts and the FX Reserve applicable thereto, (i) the total of the amount of all outstanding Letters of Credit (including drawn
but unreimbursed Letters of Credit), plus (ii) an amount equal to the Letter of Credit Reserves, plus (iii) the FX Reserve, plus (iv) amounts used for Cash Management Services, and (v) plus the outstanding principal balance of
any Advances (and without duplication of amounts included in clause (iv) hereof, including any amounts used for Cash Management Services) shall not exceed the lesser of (X) the Maximum Dollar Amount minus the aggregate amount of
Existing Equipment Advances then outstanding or (Y) the Borrowing Base. FX Forward Contracts shall have a Settlement Date of at least one (1) FX Business Day after the contract date and shall be subject to a reserve of ten percent
(10%) of each outstanding FX Forward Contract (the “FX Reserve”). Further, the aggregate amount of FX Forward Contracts at any one time may not exceed ten (10) times the amount of the FX Reserve, subject, under all
circumstances, to the Overall Sublimit. 
 2.1.4 Cash Management Services Sublimit. Subject to the Overall Sublimit in
Section 2.1.5 below, Borrower may use Revolving Line Credit Extensions for Bank’s cash management services which may include merchant services, direct deposit of payroll, business credit card, and check cashing services identified in
Bank’s various cash management services agreements (collectively, the “Cash Management Services”), provided that, after giving effect to such utilization, in addition to the Section 2.1.5 limitations, (i) the total of
the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), plus (ii) an amount equal to the Letter of Credit Reserves, plus (iii) the FX Reserve, plus (iv) amounts utilized for Cash
Management Services, and (v) plus the outstanding principal balance of any Advances (and without duplication of amounts included in clause (iv) hereof, including any amounts used for Cash Management Services) shall not exceed the lesser of
(X) the Maximum Dollar Amount minus the aggregate amount of Existing Equipment Advances then outstanding or (Y) the Borrowing Base. Any amounts Bank pays on behalf of Borrower or any amounts that are not paid by Borrower for any
Cash Management Services will be treated as Advances under the Revolving Line and will accrue interest at the interest rate applicable to Advances. 
 2.1.5 Overall Aggregate Sublimit. In no event shall the total amount of (i) outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit and any Letter of Credit Reserve), and (ii) the FX Reserve, and
(iii) the amount of the Revolving Line utilized for Cash Management Services, at any time exceed $650,000 in the aggregate (the “Overall Sublimit”). 
 2.1.6 Existing Equipment Advances. Borrower shall continue to repay the outstanding Existing Equipment Advances in accordance with the Equipment Advances Provisions. It is understood and acknowledged that no
further loans are to be made under the equipment advances facility regardless of the repayment thereof over time. Further Existing Equipment Advances are considered Obligations hereunder for all purposes. 
 2.2 Overadvances. If at any time or for any reason the total of all outstanding Advances and all other monetary Obligations exceeds the limitation
set forth in Section 2.1.1(a) (an “Overadvance”), Borrower shall immediately pay the amount of the excess to Bank, without notice or demand. Without limiting Borrower’s obligation to repay to Bank the amount of any
Overadvance, Borrower agrees to pay Bank interest on the outstanding amount of any Overadvance, on demand, at the Default Rate. 
 2.3
Payment of Interest on the Credit Extensions. 
 (a) Interest Rate. Subject to Section 2.3(b), the amounts
outstanding under the Revolving Line shall accrue interest at a per annum rate equal to one and twenty-five hundredths percentage points (1.25%) above the Prime Rate, which interest shall be payable monthly, provided that the interest rate in
effect on any day shall not be less than 9.00% per annum. The interest rate applicable to the Existing Equipment Advances is set forth in the Equipment Advances Provisions. 
 (b) Default Rate. Immediately upon the occurrence and during the continuance of an Event of Default, Obligations shall bear
interest at a rate per annum which is five percentage points (5.00%) above the rate which is otherwise applicable to the Obligations (the “Default Rate”). Payment or acceptance of the increased 

  

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interest rate provided in this Section 2.3(b) is not a permitted alternative to timely payment and shall not constitute a waiver of any Event of Default
or otherwise prejudice or limit any rights or remedies of Bank. 
 (c) Adjustment to Interest Rate. Changes to the
interest rate of any Credit Extension based on changes to the Prime Rate shall be effective on the effective date of any change to the Prime Rate and to the extent of any such change. 
 (d) 360-Day Year. Interest shall be computed on the basis of a 360-day year for the actual number of days elapsed. 
 (e) Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, for
principal and interest payments or any other amounts Borrower owes Bank when due. These debits shall not constitute a set-off. 
 (f) Minimum Monthly Interest. In the event the aggregate amount of interest earned by Bank on Advances only (and not on the Existing Equipment Advances) in any month (exclusive of any collateral monitoring fees or any other fees and
charges hereunder) is less than $1,000 (the “Minimum Monthly Interest”), Borrower shall pay Bank an amount, payable on the last day of such month, in an amount equal to the (i) Minimum Monthly Interest minus
(ii) the aggregate amount of all interest earned by Bank on Advances only (and not on the Existing Equipment Advances) and otherwise also exclusive of any collateral monitoring fees or any other fees and charges hereunder) in such month.

 (g) Payment; Interest Computation; Float Charge. Interest is payable monthly on the last calendar day of each month.
In computing interest on the Obligations, all Payments received after 12:00 p.m. Pacific time on any day shall be deemed received on the next Business Day. In addition, so long as any principal or interest with respect to any Credit Extension
remains outstanding, Bank shall be entitled to charge Borrower a “float” charge in an amount equal to three (3) Business Days interest, at the interest rate applicable to the Advances, on all Payments received by Bank. Said float
charge is not included in interest for purposes of computing Minimum Monthly Interest under this Agreement. The float charge for each month shall be payable on the last day of the month. Bank shall not, however, be required to credit Borrower’s
account for the amount of any item of payment which is unsatisfactory to Bank in its good faith business judgment, and Bank may charge Borrower’s Designated Deposit Account for the amount of any item of payment which is returned to Bank unpaid.

 2.4 Fees. Borrower shall pay to Bank: 
 (a) Loan Fee. A fully earned, non-refundable first year loan fee of $30,000 on the Effective Date (Bank agrees to credit to Borrower’s favor $15,000 of such fee due to the loan fees Borrower paid in
connection with the renewal of the Prior Loan Agreement and thus only $15,000 of such $30,000 is owing as of the Effective Date); and a fully earned, non-refundable second year loan fee of $30,000 on the first anniversary of the Effective Date;

 (b) Letter of Credit Fee. Bank’s customary fees and expenses for the issuance or renewal of Letters of Credit,
upon the issuance or renewal of such Letter of Credit by Bank; and 
 (c) Termination Fee. Subject to the terms of
Section 4.1, a termination fee; 
 (d) Collateral Monitoring Fee. A monthly collateral monitoring fee of $1,500,
payable in arrears on the last day of each month (prorated for any partial month at the beginning and upon termination of this Agreement); and 
 (e) Bank Expenses. All Bank Expenses (including reasonable attorneys’ fees and expenses, and expenses for documentation and negotiation of this Agreement) incurred through and after the Effective Date,
when due. 
  

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	 	3	CONDITIONS OF LOANS 

 3.1 Conditions
Precedent to Initial Credit Extension. The effectiveness of this Agreement is subject to the condition precedent that Bank shall have received, in form and substance satisfactory to Bank, such documents, and completion of such other matters, as
Bank may reasonably deem necessary or appropriate, including, without limitation: 
 (a) Borrower shall have delivered duly
executed original signatures to the Loan Documents to which it is a party; 
 (b) Borrower shall have delivered its Operating
Documents and a good standing certificate of Borrower certified by the Secretary of State of each of California and Delaware as of a date no earlier than thirty (30) days prior to the Effective Date; 
 (c) Borrower shall have delivered duly executed original signatures to the completed Borrowing Resolutions for Borrower; 
 (d) Bank shall have reviewed the existing certified copies of financing statement searches that are to reflect the financing statements
filed by Bank against Borrower as debtor in connection with the Prior Loan Agreement and that a current search reflects no conflicting filings other than for those allowed as Permitted Liens; 
 (e) Borrower shall have delivered the insurance policies and/or endorsements required pursuant to Section 6.5 hereof or otherwise
confirmed that Bank has all current such policies and/or endorsements; and 
 (f) Borrower shall have paid the fees and Bank
Expenses then due as specified in Section 2.4 hereof. 
 3.2 Conditions Precedent to all Credit Extensions. Bank’s
obligations to make each Credit Extension, including the initial Credit Extension, is subject to the following: 
 (a) with
respect to an Advance under Section 2.1, except as otherwise provided in Section 3.4, timely receipt of an executed Payment/Advance Form, and with respect to other Credit Extensions, a request therefor on Bank’s standard form;

 (b) the representations and warranties in Section 5 shall be true in all material respects on the date of the
Payment/Advance Form and on the Funding Date of each Credit Extension; provided, however, that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text
thereof; and provided, further that those representations and warranties expressly referring to a specific date shall be true, accurate and complete in all material respects as of such date, and no Default or Event of Default shall have occurred and
be continuing or result from the Credit Extension. Each Credit Extension is Borrower’s representation and warranty on that date that the representations and warranties in Section 5 remain true in all material respects; provided, however,
that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof; and provided, further that those representations and warranties expressly
referring to a specific date shall be true, accurate and complete in all material respects as of such date; and 
 (c) in
Bank’s sole discretion, there has not been a Material Adverse Change. 
 3.3 Covenant to Deliver. 
 Borrower agrees to deliver to Bank each item required to be delivered to Bank under this Agreement as a condition to any Credit Extension. Borrower
expressly agrees that the extension of a Credit Extension prior to the receipt by Bank of any such item shall not constitute a waiver by Bank of Borrower’s obligation to deliver such item, and any such extension in the absence of a required
item shall be in Bank’s sole discretion. 
  

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 3.4 Procedures for Borrowing. Subject to the prior satisfaction of all other applicable conditions
to the making of an Advance set forth in this Agreement, to obtain an Advance, Borrower shall notify Bank (which notice shall be irrevocable) by electronic mail, facsimile, or telephone by 12:00 p.m. Pacific time on the Funding Date of the Advance.
Together with such notification, Borrower must promptly deliver to Bank by electronic mail or facsimile a completed Transaction Report executed by a Responsible Officer or his or her designee. Bank shall credit Advances to the Designated Deposit
Account. Bank may make Advances under this Agreement based on instructions from a Responsible Officer or his or her designee or without instructions if the Advances are necessary to meet Obligations which have become due. Bank may rely on any
telephone notice given by a person whom Bank believes is a Responsible Officer or designee. 
  

	 	4	CREATION OF SECURITY INTEREST 

 4.1 Grant
of Security Interest. Borrower hereby grants Bank, to secure the payment and performance in full of all of the Obligations, a continuing security interest in, and pledges to Bank, the Collateral, wherever located, whether now owned or hereafter
acquired or arising, and all proceeds and products thereof. Borrower represents, warrants, and covenants that the security interest granted herein is and shall at all times continue to be a first priority perfected security interest in the
Collateral (subject only to Permitted Liens that may have superior priority to Bank’s Lien under this Agreement). If Borrower shall acquire a commercial tort claim, Borrower shall promptly notify Bank in a writing signed by Borrower of the
general details thereof and grant to Bank in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to Bank. 
 This Agreement may be terminated prior to the Revolving Maturity Date by Borrower, effective three (3) Business Days after written notice of
termination is given to Bank or if Bank’s obligation to fund Credit Extensions terminates pursuant to the terms of Section 2.1.1(c). Notwithstanding any such termination, Bank’s lien and security interest in the Collateral shall
continue until Borrower fully satisfies its Obligations. If such termination is at Borrower’s election or at Bank’s election due to the occurrence and continuance of an Event of Default, Borrower shall pay to Bank, in addition to the
payment of any other expenses or fees then-owing, a termination fee in an amount equal to two percent (2%) of the Maximum Dollar Amount if termination occurs on or before the first anniversary of the Effective Date, and one percent (1%) of
the Maximum Dollar Amount if termination occurs after the first anniversary of the Effective Date and on or before the second anniversary of the Effective Date; provided that no termination fee shall be charged if the credit facility hereunder is
replaced with a new facility from another division of Silicon Valley Bank. Upon payment in full of the Obligations and at such time as Bank’s obligation to make Credit Extensions has terminated, Bank shall release its liens and security
interests in the Collateral and all rights therein shall revert to Borrower. 
 4.2 Authorization to File Financing Statements.
Borrower hereby authorizes Bank to file financing statements, without notice to Borrower, with all appropriate jurisdictions to perfect or protect Bank’s interest or rights hereunder, including a notice that any disposition of the Collateral,
by either Borrower or any other Person, shall be deemed to violate the rights of Bank under the Code. 
  

	 	5	REPRESENTATIONS AND WARRANTIES 

 Borrower represents and warrants as follows: 
 5.1 Due Organization and Authorization. Borrower and each of its Subsidiaries
are duly existing and in good standing in their respective jurisdictions of formation and are qualified and licensed to do business and are in good standing in any jurisdiction in which the conduct of their business or their ownership of property
requires that they be qualified except where the failure to do so could not reasonably be expected to have a Material Adverse Change. In connection with the Prior Loan Agreement, Borrower delivered to Bank a completed certificate signed by Borrower
entitled “Perfection Certificate” (and referred to herein as the “Perfection Certificate”). Borrower represents and warrants to Bank that: (a) Borrower’s exact legal name is that indicated on the Perfection Certificate
and on the signature page hereof; (b) Borrower is an organization of the type and is organized in the jurisdiction set forth in the Perfection Certificate; (c) the Perfection Certificate accurately sets forth Borrower’s organizational
identification number or accurately states that Borrower has none; (d) the Perfection Certificate accurately sets forth Borrower’s place of business, or, if more than one, its chief executive office as well as 

  

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Borrower’s mailing address (if different than its chief executive office); (e) Borrower (and each of its predecessors) has not, in the past five
(5) years, changed its jurisdiction of formation, organizational structure or type, or any organizational number assigned by its jurisdiction; and (f) all other information set forth on the Perfection Certificate pertaining to Borrower and
each of its Subsidiaries is accurate and complete. If Borrower is not now a Registered Organization but later becomes one, Borrower shall promptly notify Bank of such occurrence and provide Bank with Borrower’s organizational identification
number. Further, the information set forth in the Perfection Certificate shall be deemed modified at such time and from time to time that Borrower notifies Bank in writing of changes thereto subject to the applicable covenants set forth herein as to
any such changes regarding such information, including, Sections 5.2 and 7.2 hereof. 
 The execution, delivery and performance of the Loan
Documents have been duly authorized, and do not conflict with Borrower’s organizational documents, nor constitute an event of default under any material agreement by which Borrower is bound. Borrower is not in default under any agreement to
which it is a party or by which it is bound in which the default could reasonably be expected to cause a Material Adverse Change. 
 5.2
Collateral. Borrower has good title to the Collateral, free of Liens except Permitted Liens. Borrower has no deposit account other than the deposit accounts with Bank and deposit accounts described in the Perfection Certificate delivered to
Bank. 
 The Collateral is not in the possession of any third party bailee (such as a warehouse) other than (i) Collateral held by
customers of Borrower, in the ordinary course of Borrower’s business, for evaluation at customer sites, and (ii) Collateral located at contract manufacturers and similar companies as part of the manufacturing process, to the extent that
the aggregate value of the Collateral described in clauses (i) and (ii) does not exceed (A) Two Million Dollars ($2,000,000) during the period commencing on the Effective Date and ending on December 31, 2007, and (B) five
percent (5%) of Borrower’s revenues for the preceding fiscal year for each fiscal year commencing after December 31, 2007. Except as hereafter disclosed to Bank in writing by Borrower and as described in clauses (i) and
(ii) of the previous sentence, none of the components of the Collateral shall be maintained at locations other than as provided in the Perfection Certificate. In the event that Borrower, after the date hereof, intends to store or otherwise
deliver any portion of the Collateral to a bailee, other than as described in clauses (i) and (ii) of the first sentence of this paragraph, then Borrower will notify Bank and such bailee must acknowledge in writing that the bailee is
holding such Collateral for the benefit of Bank. 
 All Inventory is in all material respects of good and marketable quality, free from
material defects. 
 5.3 Accounts Receivable. 
 (a) For each Account with respect to which Advances are requested, on the date each Advance is requested and made, such Account shall be
an Eligible Account as set forth in Section 13 below. 
 (b) All statements made and all unpaid balances appearing in all
invoices, instruments and other documents evidencing the Accounts are and shall be true and correct and all such invoices, instruments and other documents, and all of Borrower’s Books are genuine and in all respects what they purport to be. All
sales and other transactions underlying or giving rise to each Account shall comply in all material respects with all applicable laws and governmental rules and regulations. Borrower has and will have no knowledge of any actual or imminent
Insolvency Proceeding of any Account Debtor whose accounts are shown as Eligible Accounts in any Transaction Report at the time of delivery of that Transaction Report; further, to the extent that Borrower thereafter acquires any such knowledge,
Borrower shall provide written notification to Bank thereof and any such Accounts shall thereupon no longer be deemed Eligible Accounts. To the best of Borrower’s knowledge, all signatures and endorsements on all documents, instruments, and
agreements relating to all Accounts are and will be genuine, and all such documents, instruments and agreements are and will be legally enforceable in accordance with their terms. 
 5.4 Litigation. There are no actions or proceedings pending or, to the knowledge of the Responsible Officers, threatened in writing by or against
Borrower or any of its Subsidiaries involving more than $100,000. 
 5.5 No Material Deviation in Financial Statements. All
consolidated financial statements for Borrower and any of its Subsidiaries delivered to Bank fairly present in all material respects Borrower’s consolidated financial condition and Borrower’s consolidated results of operations. There has
not been any material deterioration in Borrower’s consolidated financial condition since the date of the most recent financial statements submitted to Bank. 
  

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 5.6 Solvency. Borrower is able to pay its debts (including trade debts) as they mature.

 5.7 Regulatory Compliance. Borrower is not subject to regulation as an “investment company” or a company
“controlled” by an “investment company” under the Investment Company Act. Borrower is not engaged as one of its important activities in extending credit for margin stock (under Regulations T and U of the Federal Reserve Board of
Governors). Borrower has complied in all material respects with the Federal Fair Labor Standards Act. Borrower has not violated any laws, ordinances or rules, the violation of which could reasonably be expected to cause a Material Adverse Change.
None of Borrower’s or any of its Subsidiaries’ properties or assets has been used by Borrower or any Subsidiary or, to the best of Borrower’s knowledge, by previous Persons, in disposing, producing, storing, treating, or transporting
any hazardous substance other than legally. Borrower and each of its Subsidiaries have obtained all consents, approvals and authorizations of, made all declarations or filings with, and given all notices to, all government authorities that are
necessary to continue its business as currently conducted in all material respects. 
 5.8 Subsidiaries; Investments. Borrower does
not have any Subsidiaries, and does not own any stock, partnership interest or other equity securities in any other Person, except for Permitted Investments. 
 5.9 Tax Returns and Payments; Pension Contributions. Borrower has timely filed all required federal and state tax returns and reports as well as all other applicable material tax returns and reports, and
Borrower has timely paid all federal and state taxes, assessments, deposits and contributions owed by Borrower as well as all other applicable material local taxes, assessments, deposits and contributions owed by Borrower. Borrower may defer payment
of any contested taxes, provided that Borrower (a) in good faith contests its obligation to pay the taxes by appropriate proceedings promptly and diligently instituted and conducted, (b) notifies Bank in writing of the commencement of, and
any material development in, the proceedings, (c) posts bonds or takes any other steps required to prevent the governmental authority levying such contested taxes from obtaining a Lien upon any of the Collateral that is other than a
“Permitted Lien”. Borrower is unaware of any claims or adjustments proposed for any of Borrower’s prior tax years which could result in additional taxes becoming due and payable by Borrower. Borrower has paid all amounts necessary to
fund all present pension, profit sharing and deferred compensation plans in accordance with their terms, and Borrower has not withdrawn from participation in, and has not permitted partial or complete termination of, or permitted the occurrence of
any other event with respect to, any such plan which could reasonably be expected to result in any liability of Borrower, including any liability to the Pension Benefit Guaranty Corporation or its successors or any other governmental agency.

 5.10 Use of Proceeds. Borrower shall use the proceeds of the Credit Extensions solely as working capital, and to fund its general
business requirements and not for personal, family, household or agricultural purposes. 
 5.11 Full Disclosure. No written
representation, warranty or other statement of Borrower in any certificate or written statement given to Bank, as of the date such representations, warranties, or other statements were made, taken together with all such written certificates and
written statements given to Bank, contains any untrue statement of a material fact or omits to state a material fact necessary to make the statements contained in the certificates or statements not misleading (it being recognized by Bank that the
projections and forecasts provided by Borrower in good faith and based upon reasonable assumptions are not viewed as facts and that actual results during the period or periods covered by such projections and forecasts may differ from the projected
or forecasted results). 
  

	 	6	AFFIRMATIVE COVENANTS 

 Borrower shall do all
of the following: 
 6.1 Government Compliance. Maintain its and all its Subsidiaries’ legal existence and good standing in their
respective jurisdictions of formation and maintain qualification in each jurisdiction in which the failure to so qualify would reasonably be expected to cause a Material Adverse Change; provided, that (i) any Subsidiary may 

  

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merge as permitted in Section 7.3, and (ii) any Subsidiary may liquidate, so long as Borrower or another Subsidiary becomes owner of its assets
upon liquidation and any such liquidation would not result in or otherwise cause a Default or an Event of Default, including, without limitation, the acquisition of Indebtedness that does not constitute Permitted Indebtedness as to Borrower or Liens
on the assets then acquired that do not constitute Permitted Liens, provided, further, that Borrower shall provide to Bank prior written notice of any of the foregoing events together with such documentation pertaining thereto as Bank shall
reasonably request in order to evidence such transactions and that such transaction comply with the no Default or Event of Default requirement. Borrower shall comply, and have each Subsidiary comply, with all laws, ordinances and regulations to
which it is subject, noncompliance with which could reasonably be expected to cause a Material Adverse Change. 
 6.2 Financial
Statements, Reports, Certificates. 
 (a) Borrower shall provide Bank with the following: 
  

	 	(i)	a Transaction Report weekly and at the time of each request for an Advance, provided, however, at such time beginning in the month after there are no Advances
outstanding for an entire month and as long as no Advances are requested or made thereafter, then Borrower may provide a Transaction Report on a monthly (and within 20 days after month end in this case) rather than a weekly basis (and for purposes
of this clause (i) Advances are not intended to include utilizations relating to Letters of Credit, FX Forward Contracts or Cash Management Services as long as utilizations do not result in a deemed Advance pursuant to the terms and provisions
hereof; 

  

	 	(ii)	within twenty (20) days after the end of each month, 

  

	 	(A)	monthly accounts receivable agings, aged by invoice date, 

  

	 	(B)	monthly accounts payable agings, aged by invoice date, and outstanding or held check registers, if any, and 

  

	 	(C)	monthly reconciliations of accounts receivable agings (aged by invoice date), transaction reports, and general ledger. 

  

	 	(iii)	as soon as available, and in any event within thirty (30) days after the end of each month, monthly unaudited financial statements; 

  

	 	(iv)	within thirty (30) days after the end of each month a monthly Compliance Certificate signed by a Responsible Officer, certifying that as of the end of such month, Borrower was
in full compliance with all of the terms and conditions of this Agreement, and setting forth calculations showing compliance with the financial covenants set forth in this Agreement and such other information as Bank shall reasonably request,
including, without limitation, a statement that at the end of such month there were no held checks; 

  

	 	(v)	within forty-five (45) days after the beginning of each fiscal year of Borrower, (A) annual operating budgets (including income statements, balance sheets and cash flow
statements, by month) for such fiscal year of Borrower, and (B) annual financial projections for such fiscal year (on a quarterly basis) as approved by Borrower’s board of directors, together with any related business forecasts used in the
preparation of such annual financial projections; and 

  

	 	(vii)	as soon as available, and in any event within one-hundred eighty (180) days following the end of Borrower’s fiscal year, annual financial statements certified by, and with
an unqualified opinion of, independent certified public accountants acceptable to Bank. 

  

 -9- 

 (b) At all times that Borrower is subject to the reporting requirements under the
Securities Exchange Act of 1934, as amended, within five (5) days after filing, all reports on Form 10-K, 10-Q and 8-K filed with the Securities and Exchange Commission or a link thereto on Borrower’s or another website on the Internet.

 (c) Prompt written notice of (i) any material change in the composition of the Intellectual Property, (ii) the
registration of any Copyright, including any subsequent ownership right of Borrower in or to any Copyright, Patent or Trademark not previously disclosed to Bank, or (iii) Borrower’s knowledge of an event that materially adversely affects
the value of the Intellectual Property. 
 6.3 Accounts Receivable. 
 (a) Schedules and Documents Relating to Accounts. Borrower shall deliver to Bank transaction reports and schedules of
collections, as provided in Section 6.2, on Bank’s standard forms; provided, however, that Borrower’s failure to execute and deliver the same shall not affect or limit Bank’s Lien and other rights in all of Borrower’s
Accounts, nor shall Bank’s failure to advance or lend against a specific Account affect or limit Bank’s Lien and other rights therein. If requested by Bank, Borrower shall furnish Bank with copies (or, at Bank’s request, originals) of
all contracts, orders, invoices, and other similar documents, and all shipping instructions, delivery receipts, bills of lading, and other evidence of delivery, for any goods the sale or disposition of which gave rise to such Accounts. In addition,
Borrower shall deliver to Bank, on its request, the originals of all instruments, chattel paper, security agreements, guarantees and other documents and property evidencing or securing any Accounts, in the same form as received, with all necessary
endorsements, and copies of all credit memos. 
 (b) Disputes. Borrower shall promptly notify Bank of all disputes or
claims relating to Accounts. Borrower may forgive (completely or partially), compromise, or settle any Account for less than payment in full, or agree to do any of the foregoing so long as (i) Borrower does so in good faith, in a commercially
reasonable manner, in the ordinary course of business, in arm’s-length transactions, and reports the same to Bank in the regular reports provided to Bank; and (ii) no Default or Event of Default has occurred and is continuing; and
(iii) after taking into account all such discounts, settlements and forgiveness, the total outstanding Advances will not exceed the lesser of the Revolving Line or the Borrowing Base. 
 (c) Lockbox; Collection of Accounts. Borrower shall cause all proceeds of Accounts to be deposited into a lockbox account, or such
other “blocked account” as Bank may specify, pursuant to a blocked account agreement in such form as Bank may specify in its good faith business judgment. Whether or not an Event of Default has occurred and is continuing, if and when
Borrower receives any such payments or proceeds, Borrower shall hold all payments on, and proceeds of, Accounts in trust for Bank, and Borrower shall immediately deliver all such payments and proceeds to Bank in their original form, duly endorsed,
to be applied to the Obligations pursuant to the terms of Section 9.4 hereof. 
 (d) Returns. Provided no
Event of Default has occurred and is continuing, if any Account Debtor returns any Inventory to Borrower, Borrower shall promptly (i) determine the reason for such return, (ii) issue a credit memorandum to the Account Debtor in the
appropriate amount, and (iii) provide a copy of such credit memorandum to Bank, upon request from Bank. In the event any attempted return occurs after the occurrence and during the continuance of any Event of Default, Borrower shall hold the
returned Inventory in trust for Bank, and immediately notify Bank of the return of the Inventory. 
 (e)
Verification. Bank may, from time to time, verify directly with the respective Account Debtors the validity, amount and other matters relating to the Accounts, either in the name of Borrower or Bank or such other name as Bank may
choose. 
 (f) No Liability. Bank shall not be responsible or liable for any shortage or discrepancy in, damage
to, or loss or destruction of, any goods, the sale or other disposition of which gives rise to an Account, or for any error, act, omission, or delay of any kind occurring in the settlement, failure to settle, collection or failure to collect any
Account, or for settling any Account in good faith for less than the full amount thereof, nor shall Bank be deemed to be responsible for any of Borrower’s obligations under any contract or agreement giving rise to an Account. Nothing herein
shall, however, relieve Bank from liability for its own gross negligence or willful misconduct. 
  

 -10- 

 6.4 Remittance of Proceeds. Except as otherwise provided in Section 6.3(c), deliver, in kind,
all proceeds arising from the disposition of any Collateral to Bank in the original form in which received by Borrower not later than the following Business Day after receipt by Borrower, to be applied to the Obligations pursuant to the terms of
Section 9.4 hereof; provided that, if no Default or Event of Default has occurred and is continuing, Borrower shall not be obligated to remit to Bank the proceeds of the sale of worn out or obsolete Equipment disposed of by Borrower in good
faith in an arm’s length transaction for an aggregate purchase price of $50,000 or less (for all such transactions in any fiscal year). Except as provided in the previous sentence, Borrower agrees that it will not commingle proceeds of
Collateral with any of Borrower’s other funds or property, but will hold such proceeds separate and apart from such other funds and property and in an express trust for Bank. Nothing in this Section limits the restrictions on disposition of
Collateral set forth elsewhere in this Agreement. 
 6.5 Taxes; Pensions. Timely file all required tax returns and reports and timely
pay all foreign, federal, state and local taxes, assessments, deposits and contributions owed by Borrower except for deferred payment of any taxes contested pursuant to the terms of Section 5.9 hereof, and pay all amounts necessary to fund all
present pension, profit sharing and deferred compensation plans in accordance with their terms, provided, however, if Borrower inadvertently fails to file all such returns and reports and Borrower otherwise fails to pay all such taxes, assessments,
deposits and contributions and Borrower otherwise has met the standards applicable thereto as are set forth in the representations in Section 5.9 hereof, Borrower shall not be in breach of this Section 6.5 as long as Borrower undertakes in
good faith to proceed to make any such delinquent filings and pay any and all such taxes, assessments, deposits and contributions that may be due and owing. 
 6.6 Access to Collateral; Books and Records. At reasonable times, on one (1) Business Day’s notice (provided no notice is required if an Event of Default has occurred and is continuing), Bank, or its
agents, shall have the right to inspect the Collateral and the right to audit and copy Borrower’s Books. The foregoing inspections and audits shall be at Borrower’s expense, and the charge therefor shall be $750 per person per day (or such
higher amount as shall represent Bank’s then-current standard charge for the same), plus reasonable out-of-pocket expenses. In the event Borrower and Bank schedule an audit more than ten (10) days in advance, and Borrower cancels or seeks
to reschedules the audit with less than ten (10) days written notice to Bank, then (without limiting any of Bank’s rights or remedies), Borrower shall pay Bank a fee of $1,000 plus any out-of-pocket expenses incurred by Bank to compensate
Bank for the anticipated costs and expenses of the cancellation or rescheduling. 
 6.7 Insurance. Keep its business and the
Collateral insured for risks and in amounts standard for companies in Borrower’s industry and location and as Bank may reasonably request. Insurance policies shall be in a form, with companies, and in amounts that are satisfactory to Bank. All
property policies shall have a lender’s loss payable endorsement showing Bank as an additional lender loss payee and waive subrogation against Bank, and all liability policies shall show, or have endorsements showing, Bank as an additional
insured. All policies (or the loss payable and additional insured endorsements) shall provide that the insurer must give Bank at least twenty (20) days notice before canceling, amending, or declining to renew its policy. At Bank’s request,
Borrower shall deliver certified copies of policies and evidence of all premium payments. Proceeds payable under any policy shall, at Bank’s option, be payable to Bank on account of the Obligations. Notwithstanding the foregoing, (a) so
long as no Event of Default has occurred and is continuing, Borrower shall have the option of applying the proceeds of any casualty policy up to $100,000 in the aggregate in any fiscal year toward the replacement or repair of destroyed or damaged
property; provided that any such replaced or repaired property (i) shall be of equal or like value as the replaced or repaired Collateral and (ii) shall be deemed Collateral in which Bank has been granted a first priority security
interest, and (b) after the occurrence and during the continuance of an Event of Default, all proceeds payable under such casualty policy shall, at the option of Bank, be payable to Bank on account of the Obligations. If Borrower fails to
obtain insurance as required under this Section 6.7 or to pay any amount or furnish any required proof of payment to third persons and Bank, Bank may make all or part of such payment or obtain such insurance policies required in this
Section 6.7, and take any action under the policies Bank deems prudent. 
 6.8 Operating Accounts. 
 (a) Maintain its and its Subsidiaries’ primary depository and operating accounts and securities accounts with Bank and Bank’s
affiliates which accounts shall represent at least 85% of the dollar value of Borrower’s and such Subsidiaries accounts at all financial institutions. 
  

 -11- 

 (b) At the request of Bank, but without limitation of the covenant requirement set forth
in Section 6.8(a) above, for each Collateral Account that Borrower at any time maintains, Borrower shall cause the applicable bank or financial institution (other than Bank) at or with which any Collateral Account is maintained to execute and
deliver a Control Agreement or other appropriate instrument with respect to such Collateral Account to perfect Bank’s Lien in such Collateral Account in accordance with the terms hereunder. The provisions of the previous sentence shall not
apply to deposit accounts exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Bank by Borrower as such. 
 6.9 Financial Covenant. Borrower shall maintain at all times, to be tested as of the last day of each month on a consolidated basis a Tangible Net
Worth of at least $2,500,000 (such covenant being the “Minimum Tangible Net Worth”). 
 6.10 Intellectual Property
Rights. Borrower shall: (a) protect, defend and maintain the validity and enforceability of its intellectual property; (b) promptly advise Bank in writing of material infringements of its intellectual property; and (c) not allow
any intellectual property material to Borrower’s business to be abandoned, forfeited or dedicated to the public without Bank’s written consent, except in each case where Borrower determines, in its reasonable business judgment, that such
action (or inaction) is in Borrower’s best interest and Borrower has so advised Bank within a reasonable period of time upon any such determination. 
 6.11 Litigation Cooperation. From the date hereof and continuing through the termination of this Agreement, make available to Bank, without expense to Bank, Borrower and its officers, employees and agents and
Borrower’s books and records, to the extent that Bank may deem them reasonably necessary to prosecute or defend any third-party suit or proceeding instituted by or against Bank with respect to any Collateral or relating to Borrower. 

6.12 Further Assurances. Borrower shall execute any further instruments and take further action as Bank reasonably requests to perfect or
continue Bank’s Lien in the Collateral or to effect the purposes of this Agreement. 
  

	 	7	NEGATIVE COVENANTS 

 Borrower shall not do
any of the following without Bank’s prior written consent: 
 7.1 Dispositions. Convey, sell, lease, transfer or otherwise
dispose of (collectively, “Transfer”), or permit any of its Subsidiaries to Transfer, all or any part of its business or property, except for (a) Transfers of Inventory in the ordinary course of business; (b) Transfers of
worn-out or obsolete Equipment; and (c) Transfers consisting of Permitted Liens and Permitted Investments and other transactions permitted under Section 7.7; and (d) Transfers of non-exclusive licenses and similar arrangements for the
use of the property of Borrower or its Subsidiaries in the ordinary course of business; and licenses that could not result in a legal transfer of title of the licensed property and that (i) may be exclusive in respects other than territory or
(ii) may be exclusive as to territory only as to discreet geographical areas outside of the United States. 
 7.2 Changes in
Business, Management, Ownership, or Business Locations. 
 (a) Engage in or permit any of its Subsidiaries to engage in
any business other than the businesses currently engaged in by Borrower and such Subsidiary, as applicable, or reasonably related or incidental thereto; 
 (b) liquidate or dissolve; or 
 (c) permit or suffer a Change in Control; or 
 (d) (i) without at least contemporaneous written notice to Bank, add any new offices or business locations, including warehouses (unless
such new offices or business locations contain assets and property 

  

 -12- 

 
of Borrower with an aggregate value of less than $25,000); and (ii) without at least thirty (30) days prior written notice to Bank: (1) change
its jurisdiction of organization, (2) change its organizational structure or type, (3) change its legal name, or (4) change its organizational number (if any) assigned by its jurisdiction of organization. 
 7.3 Mergers or Acquisitions. Merge or consolidate, or permit any of its Subsidiaries to merge or consolidate, with any other Person, or acquire,
or permit any of its Subsidiaries to acquire, all or substantially all of the capital stock or property of another Person, except that a Subsidiary of Borrower may merge or consolidate into another Subsidiary of Borrower or into Borrower.

 7.4 Indebtedness. Create, incur, assume, or be liable for any Indebtedness, or permit any Subsidiary to do so, other than Permitted
Indebtedness. 
 7.5 Encumbrance. Create, incur, or allow any Lien on any of its property or assets, or assign or convey any right to
receive income, including the sale of any Accounts, or permit any of its Subsidiaries to do so, except for Permitted Liens, or permit any Collateral not to be subject to the first priority security interest granted herein, or enter into any
agreement, document, instrument or other arrangement (except with or in favor of Bank) with any Person which directly or indirectly prohibits or has the effect of prohibiting Borrower or any Subsidiary from assigning, mortgaging, pledging, granting
a security interest in or upon, or encumbering any of Borrower’s or any Subsidiary’s intellectual property, except (i) for arrangements permitted in Section 7.1 hereof and the definition of “Permitted Lien” herein.

 7.6 Maintenance of Collateral Accounts. Maintain any Collateral Account except pursuant to the terms of Section 6.8(b) hereof.

 7.7 Investments; Distributions. (a) Directly or indirectly make any Investment other than Permitted Investments, or permit any
of its Subsidiaries to do so; or (b) pay any dividends or make any distribution or payment or redeem, retire or purchase any capital stock, provided that (i) Borrower may convert any of its convertible securities into other securities
pursuant to the terms of such convertible securities or otherwise in exchange thereof and may make cash payments in lieu of fractional shares in connection with such conversion or any stock dividend, stock split or combination, (ii) Borrower
may pay dividends solely in common stock; (iii) Borrower may acquire capital stock in connection with (A) the exercise of stock options or warrants by way of cashless exercise, or (B) satisfaction of withholding obligations related to
the exercise of stock options; and (iv) Borrower may repurchase the stock of former employees or consultants pursuant to stock repurchase agreements so long as no Default or Event of Default has occurred at the time of such repurchase and would
not exist after giving effect to such repurchase, provided such repurchase does not exceed in the aggregate of $100,000 per fiscal year. 
 7.8 Transactions with Affiliates. Directly or indirectly enter into or permit to exist any material transaction with any Affiliate of Borrower, except for transactions that are in the ordinary course of Borrower’s business, upon
fair and reasonable terms that are no less favorable to Borrower than would be obtained in an arm’s length transaction with a non-affiliated Person. 
 7.9 Subordinated Debt. (a) Make or permit any payment on any Subordinated Debt, except under the terms of the subordination, intercreditor, or other similar agreement to which such Subordinated Debt is
subject, or (b) amend any provision in any document relating to the Subordinated Debt which would increase the amount thereof or the amount of any permitted payments thereunder or adversely affect the subordination thereof to Obligations owed
to Bank. 
 7.10 Compliance. Become regulated as an “investment company” or a company controlled by an “investment
company”, under the Investment Company Act of 1940 or undertake as one of its important activities extending credit to purchase or carry margin stock (as defined in Regulation U of the Board of Governors of the Federal Reserve System), or use
the proceeds of any Credit Extension for that purpose; fail to meet the minimum funding requirements of ERISA, permit a Reportable Event or Prohibited Transaction, as defined in ERISA, to occur; fail to comply with the Federal Fair Labor Standards
Act or violate any other law or regulation, if the violation could reasonably be expected to cause a Material Adverse Change, or permit any of its Subsidiaries to do so; withdraw or permit any Subsidiary to withdraw from participation in, permit
partial or complete termination of, or permit the occurrence of any other event with respect to, any present pension, profit sharing and deferred 

  

 -13- 

 
compensation plan which could reasonably be expected to result in any liability of Borrower, including any liability to the Pension Benefit Guaranty
Corporation or its successors or any other governmental agency. 
 7.11 No Further Negative Pledge Agreements. Without limitation of
any other term or condition set forth herein or in any other Loan Document, Borrower shall not enter into any agreements or transactions in which, or otherwise with respect to which, Borrower agrees not to encumber or create a Lien regarding any of
its intellectual property assets 
  

	 	8	EVENTS OF DEFAULT 

 Any one of the following
shall constitute an event of default (an “Event of Default”) under this Agreement: 
 8.1 Payment Default. Borrower
fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable. During the cure period, the
failure to cure the payment default is not an Event of Default (but no Credit Extension will be made during the cure period); 
 8.2
Covenant Default. 
 (a) Borrower fails or neglects to perform any obligation in Sections 6.2, 6.3, 6.4, 6.6, 6.8, or 6.9,
or violates any covenant in Section 7; or 
 (b) Borrower fails or neglects to perform, keep, or observe any other term,
provision, condition, covenant or agreement contained in this Agreement or any Loan Documents, and as to any default (other than those specified in this Section 8) under such other term, provision, condition, covenant or agreement that can be
cured, has failed to cure the default within ten (10) days after the occurrence thereof; provided, however, that if the default cannot by its nature be cured within the ten (10) day period or cannot after diligent attempts by Borrower be
cured within such ten (10) day period, and such default is likely to be cured within a reasonable time, then Borrower shall have an additional period (which shall not in any case exceed thirty (30) days) to attempt to cure such default,
and within such reasonable time period the failure to cure the default shall not be deemed an Event of Default (but no Credit Extensions shall be made during such cure period). Grace periods provided under this section shall not apply, among other
things, to financial covenants or any other covenants set forth in subsection (a) above; 
 8.3 Material Adverse Change. A
Material Adverse Change occurs; 
 8.4 Attachment. (a) Any material portion of Borrower’s assets 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; (b) the service of process upon Bank seeking to attach, by trustee or similar process, any funds of Borrower, or any
entity under control of Borrower (including a subsidiary) on deposit with Bank the earlier of such time as when the Bank is required under law to deliver any such funds to the moving party or the same is not vacated within ten (10) days;
(c) Borrower is enjoined, restrained, or prevented by court order from conducting a material part of its business; (d) a judgment or other claim in excess of $10,000 becomes a Lien on any of Borrower’s assets; or (e) a notice of
lien, levy, or assessment is filed against any of Borrower’s assets by any government agency and not paid within ten (10) days after Borrower receives notice. These are not Events of Default if stayed or if a bond is posted pending contest
by Borrower within ten days after the date such events occur (but no Credit Extensions shall be made during the cure period); 
 8.5
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower
and not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed); 
 8.6 Other Agreements. There is a default in any agreement to which Borrower or any Guarantor is a party with a third party or parties resulting in
a right by such third party or parties, whether or not exercised, to 

  

 -14- 

 
accelerate the maturity of any Indebtedness in an amount in excess of $100,000 or that could result in a Material Adverse Change with respect to
Borrower’s or any Guarantor; provided, however, that the Event of Default under this Section 8.6 caused by the occurrence of a default under such other agreement shall be cured or waived for purposes of this Agreement upon Bank receiving
written notice from the party asserting such default of such cure or waiver of the default under such other agreement, if at the time of such cure or waiver under such other agreement (a) Bank has not declared an Event of Default under this
Agreement and/or exercised any rights with respect thereto; (b) any such cure or waiver does not result in an Event of Default under any other provision of this Agreement or any Loan Document; and (c) in connection with any such cure or
waiver under such other agreement, the terms of any agreement with such third party are not modified or amended in any manner which could in the good faith judgment of Bank be materially less advantageous to Borrower or any Guarantor; 
 8.7 Judgments. A judgment or judgments for the payment of money in an amount, individually or in the aggregate, of $50,000 or more (not covered by
independent third-party insurance) shall be rendered against Borrower and shall remain unsatisfied and unstayed for a period of ten (10) days after the entry thereof (provided that no Credit Extensions will be made prior to the satisfaction or
stay of such judgment); 
 8.8 Misrepresentations. Borrower or any Person acting for Borrower makes any representation, warranty, or
other statement now or later in this Agreement, any Loan Document or in any writing delivered to Bank or to induce Bank to enter this Agreement or any Loan Document, and such representation, warranty, or other statement is incorrect in any material
respect when made; or 
 8.9 Subordinated Debt. A default or breach occurs under any agreement between Borrower and any creditor of
Borrower that signed a subordination, intercreditor, or other similar agreement with Bank, or any creditor that has signed such an agreement with Bank breaches any terms of such agreement; or 
  

	 	9	BANK’S RIGHTS AND REMEDIES 

 9.1
Rights and Remedies. If an Event of Default has occurred and is continuing, Bank may, without notice or demand, do any or all of the following: 
 (a) declare all Obligations immediately due and payable (but if an Event of Default described in Section 8.5 occurs all Obligations are immediately due and payable without any action by Bank); 
 (b) stop advancing money or extending credit for Borrower’s benefit under this Agreement or under any other agreement between
Borrower and Bank; 
 (c) demand that Borrower (i) deposit cash with Bank in an amount equal to the aggregate amount of
any Letters of Credit remaining undrawn, as collateral security for the repayment of any future drawings under such Letters of Credit, and Borrower shall forthwith deposit and pay such amounts, and (ii) pay in advance all Letter of Credit fees
scheduled to be paid or payable over the remaining term of any Letters of Credit; 
 (d) terminate any FX Forward Contracts;

 (e) demand payment of, and collect any Accounts and General Intangibles comprising Collateral, settle or adjust disputes
and claims directly with Account Debtors for amounts, on terms, and in any order that Bank considers advisable, notify any Account Debtor or other Person owing Borrower money of Bank’s security interest in such funds, verify the amount of the
same and collect the same; 
 (f) make any payments and do any acts it considers necessary or reasonable to protect the
Collateral and/or its security interest in the Collateral. Borrower shall assemble the Collateral if Bank requests and make it available as Bank designates. Bank may enter premises where the Collateral is located, take and maintain possession of any
part of the Collateral, and pay, purchase, contest, or compromise any Lien which appears to be prior or superior to its security interest and pay all expenses incurred. Borrower grants Bank a license to enter and occupy any of its premises, without
charge, to exercise any of Bank’s rights or remedies; 
  

 -15- 

 (g) apply to the Obligations any (i) balances and deposits of Borrower it holds, or
(ii) any amount held by Bank owing to or for the credit or the account of Borrower; 
 (h) ship, reclaim, recover, store,
finish, maintain, repair, prepare for sale, advertise for sale, and sell the Collateral. Bank is hereby granted a non-exclusive, royalty-free license or other right to use, without charge, Borrower’s labels, patents, copyrights, mask works,
rights of use of any name, trade secrets, trade names, trademarks, service marks, and advertising matter, or any similar property as it pertains to the Collateral, in completing production of, advertising for sale, and selling any Collateral and, in
connection with Bank’s exercise of its rights under this Section, Borrower’s rights under all licenses and all franchise agreements inure to Bank’s benefit; 
 (i) place a “hold” on any account maintained with Bank and/or deliver a notice of exclusive control, any entitlement order, or
other directions or instructions pursuant to any Control Agreement or similar agreements providing control of any Collateral; 
 (j) demand and receive possession of Borrower’s Books; and 
 (k) exercise all rights and remedies available to
Bank under the Loan Documents or at law or equity, including all remedies provided under the Code (including disposal of the Collateral pursuant to the terms thereof). 
 9.2 Power of Attorney. Borrower hereby irrevocably appoints Bank as its lawful attorney-in-fact, exercisable upon the occurrence and during the continuance of an Event of Default, to: (a) endorse
Borrower’s name on any checks or other forms of payment or security; (b) sign Borrower’s name on any invoice or bill of lading for any Account or drafts against Account Debtors; (c) settle and adjust disputes and claims about the
Accounts directly with Account Debtors, for amounts and on terms Bank determines reasonable; (d) make, settle, and adjust all claims under Borrower’s insurance policies; (e) pay, contest or settle any Lien, charge, encumbrance,
security interest, and adverse claim in or to the Collateral, or any judgment based thereon, or otherwise take any action to terminate or discharge the same; and (f) transfer the Collateral into the name of Bank or a third party as the Code
permits. Borrower hereby appoints Bank as its lawful attorney-in-fact to sign Borrower’s name on any documents necessary to perfect or continue the perfection of any security interest regardless of whether an Event of Default has occurred until
all Obligations have been satisfied in full and Bank is under no further obligation to make Credit Extensions hereunder. Bank’s foregoing appointment as Borrower’s attorney in fact, and all of Bank’s rights and powers, coupled with an
interest, are irrevocable until all Obligations have been fully repaid and performed and Bank’s obligation to provide Credit Extensions terminates. 
 9.3 Protective Payments. If Borrower fails to obtain the insurance called for by Section 6.7 or fails to pay any premium thereon or fails to pay any other amount which Borrower is obligated to pay under
this Agreement or any other Loan Document, Bank may obtain such insurance or make such payment, and all amounts so paid by Bank are Bank Expenses and immediately due and payable, bearing interest at the then highest applicable rate, and secured by
the Collateral. Bank will make reasonable efforts to provide Borrower with notice of Bank obtaining such insurance at the time it is obtained or within a reasonable time thereafter. No payments by Bank are deemed an agreement to make similar
payments in the future or Bank’s waiver of any Event of Default. 
 9.4 Application of Payments and Proceeds. Unless an Event of
Default has occurred and is continuing, Bank shall apply any funds in its possession, whether from Borrower account balances, payments, or proceeds realized as the result of any collection of Accounts or other disposition of the Collateral, to
amounts then due and owing, and first, to Bank Expenses, including without limitation, the reasonable costs, expenses, liabilities, obligations and attorneys’ fees incurred by Bank in the exercise of its rights under this Agreement; second, to
the interest due upon any of the Obligations; and third, to the principal of the Obligations and any applicable fees and other charges, in such order as Bank shall determine in its sole discretion. Any surplus shall be paid to Borrower or other
Persons legally entitled thereto; Borrower shall remain liable to Bank for any deficiency. If an Event of Default has occurred and is continuing, Bank may apply any funds in its possession, whether from Borrower account balances, payments, proceeds
realized as the result of any collection of Accounts or other disposition of the Collateral, or otherwise, to the Obligations in such order as Bank shall determine in its sole discretion. Any surplus shall be paid to Borrower or other Persons
legally entitled thereto; Borrower shall remain liable to Bank for any deficiency. If Bank, in its good faith business judgment, directly or indirectly enters into a deferred payment or 

  

 -16- 

 
other credit transaction with any purchaser at any sale of Collateral, Bank shall have the option, exercisable at any time, of either reducing the
Obligations by the principal amount of the purchase price or deferring the reduction of the Obligations until the actual receipt by Bank of cash therefor. 
 9.5 Bank’s Liability for Collateral. So long as Bank complies with reasonable banking practices regarding the safekeeping of the Collateral in the possession or under the control of Bank, Bank shall not be
liable or responsible for: (a) the safekeeping of the Collateral; (b) any loss or damage to the Collateral; (c) any diminution in the value of the Collateral; or (d) any act or default of any carrier, warehouseman, bailee, or
other Person. Borrower bears all risk of loss, damage or destruction of the Collateral. 
 9.6 No Waiver; Remedies Cumulative.
Bank’s failure, at any time or times, to require strict performance by Borrower of any provision of this Agreement or any other Loan Document shall not waive, affect, or diminish any right of Bank thereafter to demand strict performance and
compliance herewith or therewith. No waiver hereunder shall be effective unless signed by Bank and then is only effective for the specific instance and purpose for which it is given. Bank’s rights and remedies under this Agreement and the other
Loan Documents are cumulative. Bank has all rights and remedies provided under the Code, by law, or in equity. Bank’s exercise of one right or remedy is not an election, and Bank’s waiver of any Event of Default is not a continuing waiver.
Bank’s delay in exercising any remedy is not a waiver, election, or acquiescence. 
 9.7 Demand Waiver. Borrower waives demand,
notice of default or dishonor, notice of payment and nonpayment, notice of any default, nonpayment at maturity, release, compromise, settlement, extension, or renewal of accounts, documents, instruments, chattel paper, and guarantees held by Bank on
which Borrower is liable. 
  

	 	10	NOTICES 

 All notices, consents, requests,
approvals, demands, or other communication (collectively, “Communication”), other than Advance requests made pursuant to Section 3.4, by any party to this Agreement or any other Loan Document must be in writing and be delivered
or sent by facsimile at the addresses or facsimile numbers listed below. Bank or Borrower may change its notice address by giving the other party written notice thereof. Each such Communication shall be deemed to have been validly served, given, or
delivered: (a) upon the earlier of actual receipt and three (3) Business Days after deposit in the U.S. mail, registered or certified mail, return receipt requested, with proper postage prepaid; (b) upon transmission, when sent by
facsimile transmission (with such facsimile promptly confirmed by delivery of a copy by personal delivery or United States mail as otherwise provided in this Section 10); (c) one (1) Business Day after deposit with a reputable
overnight courier with all charges prepaid; or (d) when delivered, if hand-delivered by messenger, all of which shall be addressed to the party to be notified and sent to the address or facsimile number indicated below. Advance requests made
pursuant to Section 3.4 must be in writing and may be in the form of electronic mail, delivered to Bank by Borrower at the e-mail address of Bank provided below and shall be deemed to have been validly served, given, or delivered when sent
(with such electronic mail promptly confirmed by delivery of a copy by personal delivery or United States mail as otherwise provided in this Section 10). Bank or Borrower may change its address, facsimile number, or electronic mail address by
giving the other party written notice thereof in accordance with the terms of this Section 10. 
  

 -17- 

			
	 If to Borrower:
	  	SenoRx, Inc.
		  	11 Columbia, Suite A,
		  	Aliso Viejo, California 92656
		  	Attn: Kevin Cousins
		  	Fax: 949-362-3519
		  	Email: kcousins@senorx.com
		
	 If to Bank:
	  	Silicon Valley Bank
		  	38 Technology Drive, Suite 150
		  	Irvine, CA 92618
		  	Attn: Derek Hoyt
		  	Fax: (949) 789-1930
		  	Email: dhoyt@svb.com

  

	 	11	CHOICE OF LAW, VENUE, JURY TRIAL WAIVER AND JUDICIAL REFERENCE. 

 California law governs the Loan Documents without regard to principles of conflicts of law. Borrower and Bank each submit to the exclusive jurisdiction of the State and Federal courts in Santa Clara County,
California; provided, however, that nothing in this Agreement shall be deemed to operate to preclude Bank from bringing suit or taking other legal action in any other jurisdiction to realize on the Collateral or any other security for the
Obligations, or to enforce a judgment or other court order in favor of Bank. Borrower expressly submits and consents in advance to such jurisdiction in any action or suit commenced in any such court, and Borrower hereby waives any objection that it
may have based upon lack of personal jurisdiction, improper venue, or forum non conveniens and hereby consents to the granting of such legal or equitable relief as is deemed appropriate by such court. Borrower hereby waives personal service of the
summons, complaints, and other process issued in such action or suit and agrees that service of such summons, complaints, and other process may be made by registered or certified mail addressed to Borrower at the address set forth in Section 10
of this Agreement and that service so made shall be deemed completed upon the earlier to occur of Borrower’s actual receipt thereof or three (3) days after deposit in the U.S. mails, proper postage prepaid. 
 TO THE EXTENT PERMITTED BY APPLICABLE LAW, BORROWER AND BANK EACH WAIVE THEIR RIGHT TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION ARISING OUT OF OR BASED UPON THIS
AGREEMENT, THE LOAN DOCUMENTS OR ANY CONTEMPLATED TRANSACTION, INCLUDING CONTRACT, TORT, BREACH OF DUTY AND ALL OTHER CLAIMS. THIS WAIVER IS A MATERIAL INDUCEMENT FOR BOTH PARTIES TO ENTER INTO THIS AGREEMENT. EACH PARTY HAS REVIEWED THIS WAIVER
WITH ITS COUNSEL. 
 WITHOUT INTENDING IN ANY WAY TO LIMIT THE PARTIES’ AGREEMENT TO WAIVE THEIR RESPECTIVE RIGHT TO A TRIAL BY JURY, if the
above waiver of the right to a trial by jury is not enforceable, the parties hereto agree that any and all disputes or controversies of any nature between them arising at any time shall be decided by a reference to a private judge, mutually selected
by the parties (or, if they cannot agree, by the Presiding Judge of the Santa Clara County, California Superior Court) appointed in accordance with California Code of Civil Procedure Section 638 (or pursuant to comparable provisions of federal
law if the dispute falls within the exclusive jurisdiction of the federal courts), sitting without a jury, in Santa Clara County, California; and the parties hereby submit to the jurisdiction of such court. The reference proceedings shall be
conducted pursuant to and in accordance with the provisions of California Code of Civil Procedure §§ 638 through 645.1, inclusive. The private judge shall have the power, among others, to grant provisional relief, including without
limitation, entering temporary restraining orders, issuing preliminary and permanent injunctions and appointing receivers. All such proceedings shall be closed to the public and confidential and all records relating thereto shall be permanently
sealed. If during the course of any dispute, a party desires to seek provisional relief, but a judge has not been appointed at that point pursuant to the judicial reference procedures, then such party may apply to the Santa Clara County, California
Superior Court for such relief. The proceeding before the private judge shall be conducted in the same manner as it would be before a court under the rules of evidence applicable to judicial proceedings. The parties shall be entitled to discovery
which shall be conducted in the same manner as it would be before a 

  

 -18- 

 
court under the rules of discovery applicable to judicial proceedings. The private judge shall oversee discovery and may enforce all discovery rules and
order applicable to judicial proceedings in the same manner as a trial court judge. The parties agree that the selected or appointed private judge shall have the power to decide all issues in the action or proceeding, whether of fact or of law, and
shall report a statement of decision thereon pursuant to the California Code of Civil Procedure § 644(a). Nothing in this paragraph shall limit the right of any party at any time to exercise self-help remedies, foreclose against collateral, or
obtain provisional remedies. The private judge shall also determine all issues relating to the applicability, interpretation, and enforceability of this paragraph. 
  

	 	12	GENERAL PROVISIONS 

 12.1 Successors and
Assigns. This Agreement binds and is for the benefit of the successors and permitted assigns of each party. Borrower may not assign this Agreement or any rights or obligations under it without Bank’s prior written consent (which may be
granted or withheld in Bank’s discretion). Bank has the right, without the consent of or notice to Borrower, to sell, transfer, negotiate, or grant participation in all or any part of, or any interest in, Bank’s obligations, rights, and
benefits under this Agreement and the other Loan Documents. 
 12.2 Indemnification. Borrower agrees to indemnify, defend and hold
Bank and its directors, officers, employees, agents, attorneys, or any other Person affiliated with or representing Bank harmless against: (a) all obligations, demands, claims, and liabilities (collectively, “Claims”) asserted by any
other party in connection with the transactions contemplated by the Loan Documents; and (b) all losses or Bank Expenses incurred, or paid by Bank from, following, or arising from transactions between Bank and Borrower (including reasonable
attorneys’ fees and expenses), except for Claims and/or losses directly caused by Bank’s gross negligence or willful misconduct. 
 12.3 Limitation of Actions. Any claim or cause of action by Borrower against Bank, its directors, officers, employees, agents, accountants, attorneys, or any other Person affiliated with or representing Bank based upon, arising from,
or relating to this Loan Agreement or any other Loan Document, or any other transaction contemplated hereby or thereby or relating hereto or thereto, or any other matter, cause or thing whatsoever, occurred, done, omitted or suffered to be done by
Bank, its directors, officers, employees, agents, accountants or attorneys, shall be barred unless asserted by Borrower by the commencement of an action or proceeding in a court of competent jurisdiction by (a) the filing of a complaint within
one year from the earlier of (i) the date any of Borrower’s officers or directors had knowledge of the first act, the occurrence or omission upon which such claim or cause of action, or any part thereof, is based, or (ii) the date
this Agreement is terminated, and (b) the service of a summons and complaint on an officer of Bank, or on any other person authorized to accept service on behalf of Bank, within thirty (30) days thereafter. Borrower agrees that such
one-year period is a reasonable and sufficient time for Borrower to investigate and act upon any such claim or cause of action. The one-year period provided herein shall not be waived, tolled, or extended except by the written consent of Bank in its
sole discretion. This provision shall survive any termination of this Loan Agreement or any other Loan Document. 
 12.4 Time of
Essence. Time is of the essence for the performance of all Obligations in this Agreement. 
 12.5 Severability of Provisions. Each
provision of this Agreement is severable from every other provision in determining the enforceability of any provision. 
 12.6 Amendments
in Writing; Integration. All amendments to this Agreement must be in writing signed by both Bank and Borrower. This Agreement and the Loan Documents represent the entire agreement about this subject matter and supersede prior negotiations or
agreements. All prior agreements, understandings, representations, warranties, and negotiations between the parties about the subject matter of this Agreement and the Loan Documents merge into this Agreement and the Loan Documents. 
 12.7 Counterparts. This Agreement may be executed in any number of counterparts and by different parties on separate counterparts, each of which,
when executed and delivered, are an original, and all taken together, constitute one Agreement. 
  

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 12.8 Survival. All covenants, representations and warranties made in this Agreement continue in
full force until this Agreement has terminated pursuant to its terms and all Obligations (other than inchoate indemnity obligations and any other obligations which, by their terms, are to survive the termination of this Agreement) have been
satisfied. The obligation of Borrower in Section 12.2 to indemnify Bank shall survive until the statute of limitations with respect to all claims and causes of action with respect to which indemnity is given to Bank shall have run. 

12.9 Confidentiality. In handling any confidential information, Bank shall exercise the same degree of care that it exercises for its own
proprietary information, but disclosure of information may be made: (a) to Bank’s Subsidiaries or Affiliates; (b) to prospective transferees or purchasers of any interest in the Credit Extensions (provided, however, Bank shall use
commercially reasonable efforts to obtain such prospective transferee’s or purchaser’s agreement to the terms of this provision); (c) as required by law, regulation, subpoena, or other order; (d) to Bank’s regulators or as
otherwise required in connection with Bank’s examination or audit; and (e) as Bank considers appropriate in exercising remedies under this Agreement. Confidential information does not include information that either: (i) is in the
public domain or in Bank’s possession when disclosed to Bank, or becomes part of the public domain after disclosure to Bank; or (ii) is disclosed to Bank by a third party, if Bank does not know that the third party is prohibited from
disclosing the information. 
 12.10 Attorneys’ Fees, Costs and Expenses. In any action or proceeding between Borrower and Bank
arising out of or relating to the Loan Documents, the prevailing party shall be entitled to recover its reasonable attorneys’ fees and other costs and expenses incurred, in addition to any other relief to which it may be entitled. 

 

	 	13	DEFINITIONS 

 13.1 Definitions. As
used in this Agreement, the following terms have the following meanings: 
 “Account” is any “account” as defined
in the Code with such additions to such term as may hereafter be made, and includes, without limitation, all accounts receivable and other sums owing to Borrower. 
 “Account Debtor” is any “account debtor” as defined in the Code with such additions to such term as may hereafter be made. 
 “Advance” or “Advances” means an advance (or advances) under the Revolving Line. 
 “Affiliate” of any Person is a Person that owns or controls directly or indirectly the Person, any Person that controls or is controlled
by or is under common control with the Person, and each of that Person’s senior executive officers, directors, partners and, for any Person that is a limited liability company, that Person’s managers and members. 
 “Agreement” is defined in the preamble hereof. 
 “Bank” is defined in the preamble hereof. 
 “Bank Expenses” are all audit
fees and expenses, costs, and expenses (including reasonable attorneys’ fees and expenses) for preparing, negotiating, amending, administering, defending and enforcing the Loan Documents (including, without limitation, those incurred in
connection with appeals or Insolvency Proceedings) or otherwise incurred with respect to Borrower. 
 “Borrower” is defined
in the preamble hereof. 
 “Borrower’s Books” are all Borrower’s books and records including ledgers, federal and
state tax returns, records regarding Borrower’s assets or liabilities, the Collateral, business operations or financial condition, and all computer programs or storage or any equipment containing such information. 
  

 -20- 

 “Borrowing Base” is 80% of Eligible Accounts, as determined by Bank from
Borrower’s most recent Transaction Report; provided, however, that Bank may decrease the foregoing percentage in its good faith business judgment based on events, conditions, contingencies, or risks which, as determined by Bank, may adversely
affect Collateral. 
 “Borrowing Resolutions” are, with respect to any Person, those resolutions adopted by such
Person’s Board of Directors and delivered by such Person to Bank approving the Loan Documents to which such Person is a party and the transactions contemplated thereby, together with a certificate executed by its secretary on behalf of such
Person certifying that (a) such Person has the authority to execute, deliver, and perform its obligations under each of the Loan Documents to which it is a party, (b) sets forth the resolutions then in full force and effect authorizing and
ratifying the execution, delivery, and performance by such Person of the Loan Documents to which it is a party, (c) the names of the Persons authorized to execute the Loan Documents on behalf of such Person, together with a sample of the true
signatures of such Persons, and (d) that Bank may conclusively rely on such certificate unless and until such Person shall have delivered to Bank a further certificate canceling or amending such prior certificate. 
 “Business Day” is any day that is not a Saturday, Sunday or a day on which Bank is closed. 
 “Cash Management Services” is defined in Section 2.1.4. 
 “Cash Management Services Sublimit” is defined in Section 2.1.4. 
 “Change in
Control” means any event, transaction, or occurrence as a result of which (a) any “person” (as such term is defined in Sections 3(a)(9) and 13(d)(3) of the Securities Exchange Act of 1934, as an amended (the “Exchange
Act”)), other than a trustee or other fiduciary holding securities under an employee benefit plan of Borrower, is or becomes a beneficial owner (within the meaning Rule 13d-3 promulgated under the Exchange Act), directly or indirectly, of
securities of Borrower, representing twenty-five percent (25%) or more of the combined voting power of Borrower’s then outstanding securities; or (b) during any period of twelve consecutive calendar months, individuals who at the
beginning of such period constituted the Board of Directors of Borrower (together with any new directors whose election by the Board of Directors of Borrower was approved by a vote of at least two-thirds of the directors then still in office who
either were directors at the beginning of such period or whose election or nomination for election was previously so approved) cease for any reason other than death or disability to constitute a majority of the directors then in office. 

“Code” is the Uniform Commercial Code, as the same may, from time to time, be enacted and in effect in the State of California;
provided, that, to the extent that the Code is used to define any term herein or in any Loan Document and such term is defined differently in different Articles or Divisions of the Code, the definition of such term contained in Article or Division 9
shall govern; provided further, that in the event that, by reason of mandatory provisions of law, any or all of the attachment, perfection, or priority of, or remedies with respect to, Bank’s Lien on any Collateral is governed by the Uniform
Commercial Code in effect in a jurisdiction other than the State of California, the term “Code” shall mean the Uniform Commercial Code as enacted and in effect in such other jurisdiction solely for purposes on the provisions thereof
relating to such attachment, perfection, priority, or remedies and for purposes of definitions relating to such provisions. 
 “Collateral” is any and all properties, rights and assets of Borrower described on Exhibit A. 
 “Collateral Account” is any Deposit Account, Securities Account, or Commodity Account. 
 “Commodity
Account” is any “commodity account” as defined in the Code with such additions to such term as may hereafter be made. 
 “Communication” is defined in Section 10. 
 “Compliance Certificate” is that certain
certificate in the form attached hereto as Exhibit C. 
  

 -21- 

 “Contingent Obligation” is, for any Person, any direct or indirect liability, contingent
or not, of that Person for (a) any indebtedness, lease, dividend, letter of credit or other obligation of another such as an obligation directly or indirectly guaranteed, endorsed, co-made, discounted or sold with recourse by that Person, or
for which that Person is directly or indirectly liable; (b) any obligations for undrawn letters of credit for the account of that Person; and (c) all obligations from any interest rate, currency or commodity swap agreement, interest rate
cap or collar agreement, or other agreement or arrangement designated to protect a Person against fluctuation in interest rates, currency exchange rates or commodity prices; but “Contingent Obligation” does not include endorsements in the
ordinary course of business. The amount of a Contingent Obligation is the stated or determined amount of the primary obligation for which the Contingent Obligation is made or, if not determinable, the maximum reasonably anticipated liability for it
determined by the Person in good faith; but the amount may not exceed the maximum of the obligations under any guarantee or other support arrangement. 
 “Control Agreement” is any control agreement entered into among the depository institution at which Borrower maintains a Deposit Account or the securities intermediary or commodity intermediary at
which Borrower maintains a Securities Account or a Commodity account, Borrower, and Bank pursuant to which Bank obtains control (within the meaning of the Code) over such Deposit Account, Securities Account, or Commodity Account. 
 “Credit Extension” is any Advance, Existing Equipment Advance, Letter of Credit, FX Forward Contract, amount utilized for Cash
Management Services, or any other extension of credit by Bank for Borrower’s benefit. 
 “Default” means any event
which with notice or passage of time or both, would constitute an Event of Default. 
 “Default Rate” is defined in
Section 2.3(b). 
 “Deposit Account” is any “deposit account” as defined in the Code with such additions to
such term as may hereafter be made. 
 “Designated Deposit Account” is Borrower’s deposit account, account number
3300314725, maintained with Bank. 
 “Dollars,” “dollars” and “$” each mean lawful money of the
United States. 
 “Effective Date” is the date Bank executes this Agreement and as indicated on the signature page hereof.

 “Eligible Accounts” are Accounts which arise in the ordinary course of Borrower’s business that meet all
Borrower’s representations and warranties in Section 5.3. Bank reserves the right at any time and from time to time after the Effective Date, to adjust any of the criteria set forth below and to establish new criteria in its good faith
business judgment. Unless Bank agrees otherwise in writing, Eligible Accounts shall not include: 
 (a) Accounts for which the Account Debtor
has not been invoiced; 
 (b) Accounts that the Account Debtor has not paid within ninety (90) days of invoice date; 
 (c) Accounts owing from an Account Debtor, fifty percent (50%) or more of whose Accounts have not been paid within ninety (90) days of invoice
date; 
 (d) Credit balances over ninety (90) days from invoice date; 
 (e) Accounts owing from an Account Debtor, including Affiliates, whose total obligations to Borrower exceed twenty-five (25%) of all Accounts, for
the amounts that exceed that percentage, unless Bank approves in writing; 
 (f) Accounts owing from an Account Debtor which does not have
its principal place of business in the United States, unless otherwise determined to be acceptable to Bank in its discretion; 
  

 -22- 

 (g) Accounts owing from an Account Debtor which is a federal, state or local government entity or any
department, agency, or instrumentality thereof except for Accounts of the United States if Borrower has assigned its payment rights to Bank and the assignment has been acknowledged under the Federal Assignment of Claims Act of 1940, as amended;

 (h) Accounts owing from an Account Debtor to the extent that Borrower is indebted or obligated in any manner to the Account Debtor (as
creditor, lessor, supplier or otherwise-sometimes called “contra” accounts, accounts payable, customer deposits or credit accounts), with the exception of customary credits, adjustments and/or discounts given to an Account Debtor by
Borrower in the ordinary course of its business; 
 (i) Accounts for demonstration or promotional equipment, or in which goods are consigned,
or sold on a “sale guaranteed”, “sale or return”, “sale on approval”, “bill and hold”, or other terms if Account Debtor’s payment may be conditional; 
 (j) Accounts for which the Account Debtor is Borrower’s Affiliate, officer, employee, or agent; 
 (k) Accounts in which the Account Debtor disputes liability or makes any claim (but only up to the disputed or claimed amount), or if the Account Debtor
is subject to an Insolvency Proceeding, or becomes insolvent, or goes out of business; 
 (l) Accounts owing from an Account Debtor with
respect to which Borrower has received deferred revenue (but only to the extent of such deferred revenue); 
 (m) Accounts for which Bank in
its good faith business judgment determines collection to be doubtful; and 
 (n) other Accounts Bank deems ineligible in the exercise of its
good faith business judgment. 
 “Equipment” is all “equipment” as defined in the Code with such additions to such
term as may hereafter be made, and includes without limitation all machinery, fixtures, goods, vehicles (including motor vehicles and trailers), and any interest in any of the foregoing. 
 “ERISA” is the Employment Retirement Income Security Act of 1974, and its regulations. 
 “Event of Default” is defined in Section 8. 
 “Existing Equipment Advances” shall have the meaning ascribed to such term as is set forth in the Recitals hereto. 
 “Foreign Currency” means lawful money of a country other than the United States. 
 “Funding Date” is any date on which a Credit Extension is made to or on account of Borrower which shall be a Business Day. 
 “FX Business Day” is any day when (a) Bank’s Foreign Exchange Department is conducting its normal business and (b) the Foreign Currency being purchased or sold by Borrower is available
to Bank from the entity from which Bank shall buy or sell such Foreign Currency. 
 “FX Forward Contract” is defined in
Section 2.1.3. 
 “FX Reserve” is defined in Section 2.1.3. 
 “GAAP” is generally accepted accounting principles set forth in the opinions and pronouncements of the Accounting Principles Board of
the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other Person as may be approved by a significant segment of the accounting
profession, which are applicable to the circumstances as of the date of determination. 
  

 -23- 

 “General Intangibles” is all “general intangibles” as defined in the Code in
effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation, all copyright rights, copyright applications, copyright registrations and like protections in each work of authorship and
derivative work, whether published or unpublished, any patents, trademarks, service marks and, to the extent permitted under applicable law, any applications therefor, whether registered or not, any trade secret rights, including any rights to
unpatented inventions, payment intangibles, royalties, contract rights, goodwill, franchise agreements, purchase orders, customer lists, route lists, telephone numbers, domain names, claims, income and other tax refunds, security and other deposits,
options to purchase or sell real or personal property, rights in all litigation presently or hereafter pending (whether in contract, tort or otherwise), insurance policies (including without limitation key man, property damage, and business
interruption insurance), payments of insurance and rights to payment of any kind. 
 “Indebtedness” is (a) indebtedness
for borrowed money or the deferred price of property or services, such as reimbursement and other obligations for surety bonds and letters of credit, (b) obligations evidenced by notes, bonds, debentures or similar instruments, (c) capital
lease obligations, and (d) Contingent Obligations. 
 “Insolvency Proceeding” is any proceeding by or against any
Person under the United States Bankruptcy Code, or any other bankruptcy or insolvency law, including assignments for the benefit of creditors, compositions, extensions generally with its creditors, or proceedings seeking reorganization, arrangement,
or other relief. 
 “Inventory” is all “inventory” as defined in the Code in effect on the date hereof with such
additions to such term as may hereafter be made, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products, including without limitation such inventory as
is temporarily out of Borrower’s custody or possession or in transit and including any returned goods and any documents of title representing any of the above. 
 “Investment” is any beneficial ownership interest in any Person (including stock, partnership interest or other securities), and any loan, advance or capital contribution to any Person. 
 “Letter of Credit” means a standby letter of credit issued by Bank or another institution based upon an application, guarantee,
indemnity or similar agreement on the part of Bank as set forth in Section 2.1.2. 
 “Letter of Credit Application” is
defined in Section 2.1.2(a). 
 “Letter of Credit Reserve” has the meaning set forth in Section 2.1.2(d).

 “Lien” is a mortgage, lien, deed of trust, charge, pledge, security interest or other encumbrance. 
 “Loan Documents” are, collectively, this Agreement, the Warrant, the Perfection Certificate, the IP Agreement, the Subordination
Agreement, any note, or notes or guaranties executed by Borrower or any Guarantor, and any other present or future agreement between Borrower or any Guarantor and/or for the benefit of Bank in connection with this Agreement, all as amended,
restated, or otherwise modified. 
 “Material Adverse Change” is (a) a material impairment in the perfection or priority of
Bank’s Lien in the Collateral or in the value of such Collateral; (b) a material adverse change in the business, operations, or condition (financial or otherwise) of Borrower; or (c) a material impairment of the prospect of repayment
of any portion of the Obligations or (d) Bank determines, based upon information available to it and in its reasonable judgment, that there is a reasonable likelihood that Borrower shall fail to comply with one or more of the financial
covenants in Section 6 during the next succeeding financial reporting period. 
 “Maximum Dollar Amount” is $4,000,000.

  

 -24- 

 “Obligations” are Borrower’s obligation to pay when due any debts, principal,
interest, Bank Expenses and other amounts Borrower owes Bank now or later, whether under this Agreement, the Loan Documents, or otherwise, including, without limitation, all obligations relating to letters of credit, cash management services, and
foreign exchange contracts, if any, and including interest accruing after Insolvency Proceedings begin and debts, liabilities, or obligations of Borrower assigned to Bank, and the performance of Borrower’s duties under the Loan Documents.

 “Operating Documents” are, for any Person, such Person’s formation documents, as certified with the Secretary of
State of such Person’s state of formation on a date that is no earlier than 30 days prior to the Effective Date, and, (a) if such Person is a corporation, its bylaws in current form, (b) if such Person is a limited liability company,
its limited liability company agreement (or similar agreement), and (c) if such Person is a partnership, its partnership agreement (or similar agreement), each of the foregoing with all current amendments or modifications thereto. 

“Payment/Advance Form” is that certain form attached hereto as Exhibit B. 
 “Perfection Certificate” is defined in Section 5.1. 
 “Permitted Indebtedness” is: 
 (a) Borrower’s Indebtedness to Bank under this
Agreement and the other Loan Documents; 
 (b) Indebtedness existing on the Effective Date and shown on the Perfection Certificate;

 (c) Subordinated Debt; 
 (d)
unsecured Indebtedness to trade creditors incurred in the ordinary course of business; 
 (e) Indebtedness incurred as a result of endorsing
negotiable instruments received in the ordinary course of business; 
 (f) Indebtedness secured by Permitted Liens; 
 (g) Other Indebtedness in an amount not to exceed $50,000; and 
 (g) extensions, refinancings, modifications, amendments and restatements of any items of Permitted Indebtedness (a) through (g) above, provided that the principal amount thereof is not increased or the terms
thereof are not modified to impose more burdensome terms upon Borrower or its Subsidiary, as the case may be, and, in addition, in the case of Subordinated Debt, that the terms thereof are acceptable to Bank. 
 “Permitted Investments” are: 
 (a) Investments shown on the Schedule and existing on the Closing Date; 
 (b) (i) marketable direct obligations issued or
unconditionally guaranteed by the United States or its agency or any State maturing within 1 year from its acquisition, (ii) commercial paper maturing no more than 1 year after its creation and having the highest rating from either
Standard & Poor’s Corporation or Moody’s Investors Service, Inc., (iii) Bank’s certificates of deposit issued maturing no more than 1 year after issue and (iv) any Investments permitted by Borrower’s investment
policy, as amended from time to time, provided that such investment policy has been provided to the Bank and such Investment does not otherwise result in an Event of Default hereunder; 
 (c) Investments consisting of the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of
Borrower’s business; 
 (d) Investments accepted in connection with Transfers permitted by Section 7.1; 
  

 -25- 

 (e) Investments consisting of travel advances and employee relocation loans made in the ordinary course
of business but not exceeding $100,000 in the aggregate at any time, provided no such cash Investment may be made while a Default or an Event of Default is occurring; 
 (f) Investments (including debt obligations) received in connection with the bankruptcy or reorganization of customers or suppliers and in settlement of
delinquent obligations of, and other disputes with, customers or suppliers arising in the ordinary course of business; 
 (g) Joint ventures
or strategic alliances in the ordinary course of Borrower’s business consisting of the non-exclusive licensing of technology, the development of technology or the providing of technical support, provided that any cash Investments by
Borrower do not exceed $100,000 in the aggregate in any fiscal year and no such cash Investment may be made while a Default or an Event of Default is then occurring; 
 (h) Investments consisting of notes receivable of, or prepaid royalties and other credit extensions, to customers and suppliers who are not Affiliates of Borrower, in the ordinary course of business; provided
that this paragraph (h) shall not apply to Investments of Borrower in any Subsidiary and any such above permitted prepaid royalties and other credit extensions shall not exceed $50,000 in any fiscal year, provided, further, that
no new such Investment by Borrower may be made while a Default or an Event of Default has occurred and is continuing; 
 (i) Investments
consisting of loans to employees, consultants, officers or directors relating to the purchase of equity securities of Borrower or its Subsidiaries pursuant to employee stock purchase plans or agreements approved by Borrower’s board of
directors, provided that the aggregate amount of such loans in any fiscal year of Borrower shall not exceed $50,000 and no new such Investment may be made while a Default or an Event of Default has occurred and is continuing; and 
 (j) Investments consisting of advances or loans or contributions by Borrower to its Subsidiaries and by Subsidiaries in or to other Subsidiaries in an
aggregate amount with respect to all such Investments not to exceed $750,000 at any time outstanding, provided no new such Investment may be made while a Default or an Event of Default has occurred and is continuing; 
 (k) Subject to Borrower’s compliance with Section 6.8 hereof, Investments consisting of deposit accounts in which Lender has perfected security
interest; and 
 (l) other Investments not otherwise permitted by Section 7.7 not exceeding $50,000 in the aggregate at any time;
provided no new such Investment may be made while a Default or an Event of Default has occurred and is continuing. 
 “Permitted
Liens” are: 
 (a) Liens existing on the Effective Date and shown on the Perfection Certificate or arising under this Agreement and
the other Loan Documents; 
 (b) Liens for taxes, fees, assessments or other government charges or levies, either not delinquent or being
contested in good faith and for which Borrower maintains adequate reserves on its Books, if they have no priority over any of Bank’s Liens; 
 (c) purchase money Liens (i) on Equipment acquired or held by Borrower incurred for financing the acquisition of the Equipment securing no more than $750,000 in the aggregate amount incurred in any fiscal year,
or (ii) existing on Equipment when acquired, if the Lien is confined to the property and improvements and the proceeds of the Equipment; 
 (d) statutory Liens securing claims or demands of materialmen, mechanics, carriers, warehousemen, landlords and other Persons imposed without action of such parties arising in the ordinary course of business and
pertaining to obligations that are not past due or delinquent and which obligations, in any event, do not at any time exceed $75,000; 
  

 -26- 

 (e) Liens to secure payment of workers’ compensation, employment insurance, old-age pensions, social
security and other like obligations incurred in the ordinary course of business and pertaining to obligations that are not past due or delinquent and which obligations, in any event, do not at any time exceed $100,000; 
 (f) Liens incurred in the extension, renewal or refinancing of the indebtedness secured by Liens described in (a) through (c), but any
extension, renewal or replacement Lien must be limited to the property encumbered by the existing Lien and the principal amount of the indebtedness may not increase; 
 (g) leases or subleases of real property granted in the ordinary course of business, and leases, subleases, non-exclusive licenses or sublicenses of property (other than real property or intellectual property) granted
in the ordinary course of Borrower’s business, if the leases, subleases, licenses and sublicenses do not prohibit granting Bank a security interest; 
 (h) non-exclusive license of intellectual property granted to third parties in the ordinary course of business; 
 (i) Liens arising from judgments, decrees or attachments in circumstances not constituting an Event of Default under Section 8.4 or 8.7; and 
 (j) Liens in favor of financial institutions arising in connection with a Borrower’s deposit and/or securities accounts held at such institutions, which Liens shall only collateralize ordinary course account
obligations of Borrower arising in connection with the maintenance of such accounts at such institutions. 
 “Person” is any
individual, sole proprietorship, partnership, limited liability company, joint venture, company, trust, unincorporated organization, association, corporation, institution, public benefit corporation, firm, joint stock company, estate, entity or
government agency. 
 “Prime Rate” is Bank’s most recently announced “prime rate,” even if it is not
Bank’s lowest rate. 
 “Registered Organization” is any “registered organization” as defined in the Code with
such additions to such term as may hereafter be made. 
 “Reserves” means, as of any date of determination, such amounts as
Bank may from time to time establish and revise in its good faith business judgment, reducing the amount of Advances, Letters of Credit and other Credit Extensions which would otherwise be available to Borrower under the lending formula(s) provided
herein: (a) to reflect events, conditions, contingencies or risks which, as determined by Bank in its good faith business judgment, do or may adversely affect (i) the Collateral or any other property which is security for the Obligations
or its value (including without limitation any increase in delinquencies of Accounts), (ii) the assets, business or prospects of Borrower, or (iii) the security interests and other rights of Bank in the Collateral (including the
enforceability, perfection and priority thereof); or (b) to reflect Bank’s good faith belief that any collateral report or financial information furnished by or on behalf of Borrower or any Guarantor to Bank is or may have been incomplete,
inaccurate or misleading in any material respect; or (c) in respect of any state of facts which Bank determines in good faith constitutes an Event of Default or may, with notice or passage of time or both, constitute an Event of Default.

 “Responsible Officer” is any of the Chief Executive Officer, President, Chief Financial Officer and Controller of
Borrower. 
 “Revolving Line” is an Advance or Advances in an aggregate amount of up to the Maximum Dollar Amount
outstanding at any time less the aggregate amount of Existing Equipment Advances outstanding from time to time. 
  

 -27- 

 “Revolving Line Maturity Date” is the date that is two years from the Effective Date.

 “Securities Account” is any “securities account” as defined in the Code with such additions to such term as may
hereafter be made. 
 “Settlement Date” is defined in Section 2.1.3. 
 “Subordinated Debt” is indebtedness incurred by Borrower subordinated to all of Borrower’s now or hereafter indebtedness to Bank
(pursuant to a subordination, intercreditor, or other similar agreement in form and substance satisfactory to Bank entered into between Bank and the other creditor), on terms acceptable to Bank. “Subordinated Debt shall include:
(i) Indebtedness under that certain Loan and Security Agreement, dated as of December 7, 2006, between Borrower and Escalate Capital I, L.P., and (ii) the Indebtedness owed to Century Medical, Inc. pursuant to the Convertible
Subordinated Note Agreement, dated as of May 9, 2002, as amended from time to time, and (iii) the Indebtedness owed to the Investors, as defined in the Note Purchase Agreement, dated as of May 4, 2006, as amended from time to time,
provided that, in each of the foregoing cases, the subordination provisions as in effect as of the date hereof relating to such Indebtedness remain in full force and effect and are not modified, unless Bank agrees in writing to any such
modifications. 
 “Subsidiary” means, with respect to any Person, any Person of which more than 50% of the voting stock or
other equity interests is owned or controlled, directly or indirectly, by such Person or one or more Affiliates of such Person. 
 “Tangible Net Worth” is, on any date, the consolidated total assets of Borrower and its Subsidiaries minus (a) any amounts attributable to (i) goodwill, (ii) intangible items including unamortized debt
discount and expense, patents, trade and service marks and names, copyrights and research and development expenses except prepaid expenses, (iii) notes, accounts receivable and other obligations owing to Borrower from its officers or other
Affiliates, and (iv) reserves not already deducted from assets, minus (b) Total Liabilities, plus (c) Subordinated Debt. 
 “Total Liabilities” is on any day, obligations that should, under GAAP, be classified as liabilities on Borrower’s consolidated balance sheet, including all Indebtedness, and current portion of
Subordinated Debt permitted by Bank to be paid by Borrower, but excluding all other Subordinated Debt. 
 “Transaction
Report” is a report in such form as Bank shall specify. 
 “Transfer” is defined in Section 7.1. 

[Signature page follows.] 
  

 -28- 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the
Effective Date. 
 BORROWER: 
  

			
	SENORX, INC.
		
	By	 	/s/ Lloyd H. Malchow
	Name:	 	Lloyd H. Malchow
	Title:	 	President & CEO

 BANK: 
  

			
	SILICON VALLEY BANK
		
	By	 	/s/ Derek Hoyt
	Name:	 	Derek Hoyt
	Title:	 	Relationship Manager
	Effective Date:	 	February 20, 2007

  

			
	Exhibits	  	
	A	  	“Collateral”
	B	  	Loan Payment/Advance Request Form
	C	  	Compliance Certificate
	D	  	Transaction Report

 [Signature page to Loan and Security Agreement] 

 EXHIBIT A 
 The Collateral consists of all of Borrower’s right, title and interest in and to the following personal property: 
 All goods, Accounts (including health-care receivables), Equipment, Inventory, contract rights or rights to payment of money, leases, license agreements, franchise agreements, General Intangibles (except as provided
below), commercial tort claims, documents, instruments (including any promissory notes), chattel paper (whether tangible or electronic), cash, deposit accounts, fixtures, letters of credit rights (whether or not the letter of credit is evidenced by
a writing), securities, and all other investment property, supporting obligations, and financial assets, whether now owned or hereafter acquired, wherever located; and 
 All Borrower’s Books relating to the foregoing, and any and all claims, rights and interests in any of the above and all substitutions for, additions, attachments, accessories, accessions and improvements to and
replacements, products, proceeds and insurance proceeds of any or all of the foregoing. 
 Notwithstanding the foregoing, the Collateral does
not include any of the following, whether now owned or hereafter acquired: any copyright rights, copyright applications, copyright registrations and like protections in each work of authorship and derivative work, whether published or unpublished,
any patents, patent applications and like protections, including improvements, divisions, continuations, renewals, reissues, extensions, and continuations-in-part of the same, trademarks, service marks and, to the extent permitted under applicable
law, any applications therefor, whether registered or not, and the goodwill of the business of Borrower connected with and symbolized thereby, know-how, operating manuals, trade secret rights, rights to unpatented inventions, and any claims for
damage by way of any past, present, or future infringement of any of the foregoing; provided, however, the Collateral shall include all Accounts, license and royalty fees and other revenues, proceeds, or income arising out of or relating to any of
the foregoing. 
 Pursuant to the terms of a certain negative pledge arrangement with Bank, Borrower has agreed not to encumber any of its
copyright rights, copyright applications, copyright registrations and like protections in each work of authorship and derivative work, whether published or unpublished, any patents, patent applications and like protections, including improvements,
divisions, continuations, renewals, reissues, extensions, and continuations-in-part of the same, trademarks, service marks and, to the extent permitted under applicable law, any applications therefor, whether registered or not, and the goodwill of
the business of Borrower connected with and symbolized thereby, know-how, operating manuals, trade secret rights, rights to unpatented inventions, and any claims for damage by way of any past, present, or future infringement of any of the foregoing,
without Bank’s prior written consent. 

 EXHIBIT B 
 Loan Payment/Advance Request Form 
 DEADLINE FOR
SAME DAY PROCESSING IS NOON P.S.T.* 
  

			
	 Fax To:
	  	Date:                    

  

			
	LOAN PAYMENT:	  	
		
		  	SenoRx, Inc.
		
	 From Account # __________________________
	  	To Account # _______________________________
	 (Deposit Account #)
	  	(Loan Account #)
		
	 Principal
$____________                    ______________
	  	and/or Interest $_______________________________
		
	Authorized Signature: ____________________________	  	Phone Number: _______________________________
	Print Name/Title: _________________________________	  	
		  	

  

			
	LOAN ADVANCE:	  	
	
	Complete Outgoing Wire Request section below if all or a portion of the funds from this loan advance are for an outgoing wire.
		
	From Account # _______________________________	  	To Account # _____________________________
	(Loan Account #)	  	(Deposit Account #)
		
	Amount of Advance $____________________________	  	
	
	All Borrower’s representations and warranties in the Loan and Security Agreement are true, correct and complete in all material respects on the date of the request for an
advance; provided, however, that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof; and provided, further that those representations and
warranties expressly referring to a specific date shall be true, accurate and complete in all material respects as of such date:
		
	Authorized Signature: _____________________________	  	Phone Number: ____________________________
	Print Name/Title: _________________________________	  	
		  	

  

			
	OUTGOING WIRE REQUEST:	  	 
	
	 Complete only if all or a portion of funds from the loan advance above is to be wired.
 Deadline for same day processing is noon, P.S.T.

		
	Beneficiary Name: _________________________________	  	Amount of Wire: $__________________________
	Beneficiary Bank: __________________________________	  	Account Number: ___________________________
	City and State: _____________________________________	  	
		
	Beneficiary Bank Transit (ABA) #:_____________________	  	Beneficiary Bank Code (Swift, Sort, Chip, etc.):__________
		  	(For International Wire Only)
		
	Intermediary Bank: ________________________________	  	Transit (ABA) #:_________________________________
	For Further Credit to: _____________________________________________________________________________________
	
	Special Instruction: _______________________________________________________________________________________
	
	By signing below, I (we) acknowledge and agree that my (our) funds transfer request shall be processed in accordance with and subject to the terms and conditions set forth in the
agreements(s) covering funds transfer service(s), which agreements(s) were previously received and executed by me (us).
		
	 Authorized Signature: _____________________________
	  	 2nd
Signature (if required): ___________________________

	 Print Name/Title: _____________________________
	  	 Print Name/Title: __________________________

	 Telephone #: _____________________________
	  	 Telephone #: _____________________________

 EXHIBIT C 
 Compliance Certificate 
 [Intentionally Omitted] 

 EXHIBIT D 
 Transaction Report 
 [Intentionally Omitted]Loan and Security Agreement

 Exhibit 10.15 
  

 LOAN AND SECURITY AGREEMENT 
 SENORX, INC. 
  

 This LOAN AND SECURITY AGREEMENT dated as of the Effective Date, between ESCALATE CAPITAL I, L.P.
(“Lender”), whose address is 2400 Sand Hill Road, Suite 201, Menlo Park, California 94025, and SENORX, INC. (“Borrower”), whose address is 11 Columbia, Suite A, Aliso Viejo, California 92656 provides the terms on
which Lender will lend to Borrower and Borrower will repay Lender. The parties agree as follows: 
 1. ACCOUNTING AND OTHER TERMS
ACCOUNTING TERMS NOT DEFINED IN THIS AGREEMENT WILL BE CONSTRUED FOLLOWING GAAP. CALCULATIONS AND DETERMINATIONS MUST BE MADE FOLLOWING GAAP. THE TERM “FINANCIAL STATEMENTS” INCLUDES THE NOTES AND SCHEDULES. THE TERMS “INCLUDING”
AND “INCLUDES” ALWAYS MEAN “INCLUDING (OR INCLUDES) WITHOUT LIMITATION,” IN THIS OR ANY LOAN DOCUMENT. 
 2. LOAN AND
TERMS OF PAYMENT. 
 2.1 Advances. 
 2.1.1 Lender shall fund an initial Advance of not less than Six Million Dollars ($6,000,000) on the Effective Date. During the Drawdown Period, the Lender will make additional Advances not exceeding Four Million
Dollars ($4,000,000). Each additional Advance shall be for an amount not less than Two Million Dollars ($2,000,000). Amounts borrowed under this Section when repaid may not be reborrowed. 
 2.1.2 To obtain an Advance, Borrower must notify Lender by facsimile or telephone by 12:00 p.m. Pacific time on the Business Day the Advance is to
be made. Borrower must promptly confirm the notification by delivering to Lender the Advance Form attached as Exhibit B. Lender will credit Advances to Borrower’s deposit account designated in the Advance Form. Lender may make
Advances under this Agreement based on instructions from a Responsible Officer or his or her designee or without instructions if the Advances are necessary to meet Obligations which have become due. Lender may rely on any telephone notice given by a
person whom Lender believes is a Responsible Officer or designee. Borrower will indemnify Lender for any loss Lender suffers due to such reliance. 
 2.1.3 The Committed Line terminates on the Maturity Date, when all Advances are immediately payable. 
 2.2 Termination of
Commitment to Lend. Lender’s obligation to lend the undisbursed portion of the Committed Line will terminate if, in Lender’s sole discretion, there has been a material adverse change in the general affairs, management, results of
operation or condition (financial or otherwise) of Borrower or the prospect of repayment of the Obligations, or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by
Lender prior to the execution of this Agreement. 
 2.3 Interest Rate, Payments. 
 2.3.1 Interest Rate. Advances accrue interest on the outstanding principal balance at a per annum rate of eleven and one-half percent (11.50%).
After an Event of Default, Obligations accrue interest at 5 percent above the rate effective immediately before the Event of Default. Interest is computed on a 360 day year for the actual number of days elapsed. 
 2.3.2 Interest and Principal Payments. Interest due on the Committed Line is payable on the last Business Day of each month beginning
December 31, 2006; provided that, at the option of the Borrower, 300 basis points of the accrued interest due on any Payment Date through April 30, 2008, may be deferred until the Maturity Date. If Borrower elects to defer
interest in accordance with the preceding sentence, or if interest is not paid when due, such interest shall be added to the principal and shall accrue at the rate of eleven and one-half percent (11.50%) per annum commencing as of the date of
deferral or nonpayment. The aggregate Advances outstanding on the expiration of the Drawdown Period, including the initial Advance of $6,000,000, shall be repaid in thirty (30) equal principal payments with the first installment due on
May 30, 2008 and the last on October 31, 2010. Payments received after 12:00 noon Pacific time shall be considered received at the opening of business on the next Business Day. When a payment is due on a day that is not a Business
Day, the payment shall be due the next Business Day and additional interest shall accrue. 
  

 1 

 2.3.3 Prepayment. At Borrower’s option, so long as an Event of Default has not occurred and
is not continuing, Borrower shall have the option to prepay any outstanding principal amount under this Agreement upon five (5) days’ notice to Lender, without payment of any premium or penalty. Partial principal prepayments shall be
applied to the principal installments in the inverse order of maturity. Such prepayments shall be accompanied by payment of the interest accrued with respect to the principal prepaid. 
 2.3.4 Place and Manner of Payments. Borrower shall make all payments due to Lender in lawful money of the United States, in immediately available
funds, at Lender’s address set forth in Section 10. Lender may debit any of Borrower’s deposit accounts, including Borrower’s account             at Silicon Valley Bank for
any amount due under this Agreement. Borrower will sign such ACH instructions as Lender requests to authorize such debits. 
 2.4
Fees. Borrower will pay: 
 2.4.1 Facility Fee. On the Effective Date, a fully earned, non-refundable Facility Fee of $100,000
for the Committed Line (Lender acknowledges that the Facility Fee was paid in conjunction with Borrower’s execution of Summary of Terms for the Committed Line); and 
 2.4.2 Lender Expenses. All Lender Expenses incurred through and after the Effective Date, are payable when due, including reasonable attorneys’ fees and expenses; provided, however, that such
attorneys’ fees through the Effective Date shall not exceed $15,000. 
 3. CONDITIONS OF LOANS. 
 3.1 Conditions Precedent to Initial Credit Extension. Lender’s obligation to make the initial Credit Extension is subject to the following
conditions precedent: 
 (a) Lender shall have received in connection with the closing of the Advance on or before the Closing Date, in form
and substance satisfactory to Lender: 
  

	 	(i)	This Agreement, duly executed by Borrower; 

  

	 	(ii)	Copies, certified by the Secretary of Borrower, of: (A) the Certificate of Incorporation and Bylaws of Borrower (as amended to the date of this Agreement), (B) the
resolutions adopted by Borrower’s board of directors authorizing the transactions contemplated hereby and the documents being executed in connection therewith, and (C) the incumbency of the officers executing this Agreement and the other
Loan Documents on behalf of Borrower. 

  

	 	(iii)	All consents (in form and substances satisfactory to Lender) of Borrower’s stockholders and third parties necessary in connection with Borrower’s execution, delivery and
performance of this Agreement and the other Loan Documents and the transactions contemplated thereby. 

  

	 	(iv)	The Warrant to Purchase Preferred Stock (the “Warrant”), in the form attached hereto as Exhibit C, duly executed by Borrower.

  

	 	(v)	A Management Rights Letter in the form attached hereto as Exhibit D, duly executed by Borrower. 

  

	 	(vi)	Corporate Resolutions to Borrow in the form attached hereto as Exhibit E, duly executed by Borrower. 

  

 2 

	 	(vii)	An Agreement to Provide Insurance in the form attached hereto as Exhibit F, duly executed by Borrower. 

  

	 	(viii)	A Subordination Agreement with Silicon Valley Bank, the first lienholder on the Collateral, in form and substance satisfactory to Lender. 

  

	 	(ix)	A lien search on Borrower of the Uniform Commercial Code records of the Secretary of State of Delaware. 

  

	 	(x)	Copies of certificates of existence and good standing (including tax status if available) with respect to Borrower from the States of Delaware and California, as of a date
acceptable to Lender. 

  

	 	(xi)	Copies of Borrower’s current annual, quarterly and monthly financial statements. 

  

	 	(xii)	A payoff letter from Venture Lending & Leasing IV, Inc.(“VLL”) with respect to the Indebtedness outstanding under the Loan and Security Agreement, dated as
of December 27, 2004, between Borrower and VLL. 

  

	 	(xiiii)	Such other documents, instruments and agreements as Lender shall reasonably request from Borrower. 

 3.1.1 Borrower Condition. Lender shall have determined that Borrower’s business, assets, financial condition, operations, results of
operations and prospects are substantially as have been represented to Lender and no Material Adverse Change shall have occurred and no condition shall exist which in Lender’s sole judgment will or may cause a Material Adverse Change.

 3.1.2 Due Diligence. Lender shall have completed, and shall be satisfied, in its sole discretion, with the results of, its due
diligence of Borrower. 
 3.2 Conditions Precedent to all Credit Extensions. Lender’s obligations to make each Credit Extension,
including the initial Credit Extension, is subject to the following: 
 (a) timely receipt of any Advance Form; and 
 (b) the representations and warranties in Section 5 must be materially true on the date of the Advance Form and on the effective date of each
Credit Extension and no Event of Default may have occurred and be continuing, or result from the Credit Extension. Each Credit Extension is Borrower’s representation and warranty on that date that the representations and warranties of
Section 5 remain true. 
 4. CREATION OF SECURITY INTEREST. 
 4.1 Grant of Security Interest. Borrower grants Lender a continuing security interest in all presently existing and later acquired Collateral to
secure all Obligations and performance of each of Borrower’s duties under the Loan Documents. Except for Permitted Liens, any security interest will be a first priority security interest in the Collateral. If this Agreement is terminated,
Lender’s lien and security interest in the Collateral will continue until Borrower fully satisfies its Obligations. 
 4.2
Authorization of File. Borrower authorizes Lender to file financing statements without notice to Borrower, with all appropriate jurisdictions, as Lender deems appropriate, in order to perfect or protect Lender’s interest in the
Collateral. 
  

 3 

 5. REPRESENTATIONS AND WARRANTIES. Borrower represents and warrants on the date hereof and on the
dates specified in Section 3.2(b) as follows: 
 5.1 Due Organization and Authorization. Borrower and each Subsidiary is duly existing
and in good standing in its state of formation and qualified and licensed to do business in, and in good standing in, any state in which the conduct of its business or its ownership of property requires that it be qualified, except where the failure
to do so could not reasonably be expected to cause a Material Adverse Change. Borrower has not changed its state of formation or its organizational structure or type or any organizational number (if any) assigned by its jurisdiction of formation.

 The execution, delivery and performance of the Loan Documents have been duly authorized, and do not conflict with Borrower’s
formation documents, nor constitute an event of default under any material agreement by which Borrower is bound. Borrower is not in default under any agreement to which or by which it is bound in which the default could reasonably be expected to
cause a Material Adverse Change. 
 5.2 Collateral. Borrower has good title to the Collateral, free of Liens except Permitted Liens,
or Borrower has Rights to each asset that is Collateral. Borrower has no other deposit account, other than the deposit accounts described in the Schedule. The Accounts are bona fide, existing obligations, and the service or property has been
performed or delivered to the account debtor or its agent for immediate shipment to and unconditional acceptance by the account debtor. The Collateral is not in the possession of any third party bailee (such as at a warehouse), except for
(i) Collateral held by customers for evaluation at customer sites, and (ii) Collateral located at contract manufacturers and similar companies as part of the manufacturing process, to the extent that the aggregate value of the Collateral
described in clauses (i) and (ii) does not exceed (A) Two Million Dollars ($2,000,000) during the period commencing on the Effective Date and ending on December 31, 2007, and (B) five percent (5%) of Borrower’s
revenues for the preceding fiscal year for each fiscal year commencing after December 31, 2007. If Borrower, after the Effective Date, intends to store or otherwise deliver the Collateral to such a bailee, other than those described in clauses
(i) and (ii) of the preceding sentence, then Borrower will notify Lender and such bailee must acknowledge in writing that the bailee is holding such Collateral for the benefit of Lender. All Inventory is in all material respects of good
and marketable quality, free from material defects. Borrower is the sole owner of the Intellectual Property, except for licenses permitted under this Agreement and granted to its customers in the ordinary course of business. Each Patent is valid and
enforceable and no part of the Intellectual Property has been judged invalid or unenforceable, in whole or in part, except to the extent that such invalidity or unenforceability could not reasonably be expected to cause a Material Adverse Change,
and no claim has been made that any part of the Intellectual Property violates the rights of any third party, except to the extent such claim could not reasonably be expected to cause a Material Adverse Change. 
 5.3 Litigation. Except as shown in the Schedule, there are no actions or proceedings pending or, to the knowledge of Borrower’s Responsible
Officers, threatened in writing by or against Borrower or any Subsidiary in which a likely adverse decision could reasonably be expected to cause a Material Adverse Change. 
 5.4 No Material Adverse Change in Financial Statements. All consolidated financial statements for Borrower, and any Subsidiary, delivered to
Lender fairly present in all material respects Borrower’s consolidated financial condition and Borrower’s consolidated results of operations. There has not been any material deterioration in Borrower’s consolidated financial condition
since the date of the most recent financial statements submitted to Lender. 
 5.5 Solvency. The fair salable value of Borrower’s
assets (including goodwill minus disposition costs) exceeds the fair value of its liabilities; the Borrower is not left with unreasonably small capital after the transactions in this Agreement; and Borrower is able to pay its debts (including trade
debts) as they mature. 
 5.6 Regulatory Compliance. Borrower is not subject to regulation as an “investment company” or a
company “controlled” by an “investment company” under the Investment Company Act. Borrower is not engaged as one of its important activities in extending credit for margin stock (under Regulations T and U of the Federal
Reserve Board of Governors). Borrower has complied in all material respects with the Federal Fair Labor Standards Act. Borrower has not violated any laws, ordinances or rules, the violation of which could reasonably be expected to cause a Material
Adverse Change. None of Borrower’s or any Subsidiary’s properties or 

  

 4 

 
assets has been used by Borrower or any Subsidiary or, to the best of Borrower’s knowledge, by previous Persons, in disposing, producing, storing,
treating, or transporting any hazardous substance other than legally. Borrower and each Subsidiary has timely filed all required tax returns and paid, or made adequate provision to pay, all material taxes, except those being contested in good faith
with adequate reserves under GAAP. Borrower and each Subsidiary has obtained all consents, approvals and authorizations of, made all declarations or filings with, and given all notices to, all government authorities that are necessary to continue
its business as currently conducted, except where the failure to do so could not reasonably be expected to cause a Material Adverse Change. 
 5.7 Investments in Subsidiaries. Borrower does not own any stock, partnership interest or other equity securities except for Permitted Investments. 
 5.8 Full Disclosure. No written representation, warranty or other statement of Borrower in any certificate or written statement given to Lender (taken together with all such written certificates and written
statements to Lender) contains any untrue statement of a material fact or omits to state a material fact necessary to make the statements contained in the certificates or statements not misleading. It being recognized by Lender that the projections
and forecasts provided by Borrower in good faith and based upon reasonable assumptions are not viewed as facts and that actual results during the period or periods covered by such projections and forecasts may differ from the projected and
forecasted results. 
 6. AFFIRMATIVE COVENANTS. Borrower will do all of the following for so long as Lender has an obligation to
lend, or there are outstanding Obligations: 
 6.1 Government Compliance. Borrower will maintain its and all Subsidiaries’ legal
existence and good standing in its jurisdiction of formation and maintain qualification in each jurisdiction in which the failure to so qualify would reasonably be expected to cause a material adverse effect on Borrower’s business or
operations; provided, that (i) any Subsidiary may merge as permitted in Section 7.3, and (ii) any Subsidiary may liquidate, so long as Borrower or another Subsidiary becomes owner of its assets upon liquidation and such liquidation
would not cause a Default or an Event of Default. Borrower will comply, and have each Subsidiary comply, with all laws, ordinances and regulations to which it is subject, noncompliance with which could have a material adverse effect on
Borrower’s business or operations or would reasonably be expected to cause a Material Adverse Change. 
 6.2 Financial Statements,
Reports, Certificates. 
 (a) Borrower will deliver to Lender: (i) as soon as available, but no later than 30 days after the last
day of each month, an unaudited statement of operations and consolidated balance sheet for and as of the end of such month, in reasonable detail (including comparisons to the operating budget) and prepared in accordance with GAAP, subject to year
end audit adjustments and the absence of footnotes(it being understood that monthly financial statements may not include updated valuations and other procedures that are required to prepare financial statements in accordance with GAAP but which are
not customarily undertaken for monthly financial statements), certified by a Responsible Officer; (ii) as soon as available, but no later than 120 days, if prior to an IPO, and 90 days, if after an IPO, after the last day of Borrower’s
fiscal year, a balance sheet, and statements of operations and cash flow for such fiscal year. Such year-end financial reports shall be prepared in accordance with GAAP, and audited and certified by independent certified public accountants of
nationally recognized standing selected by Borrower; (iii) within 5 days of filing, copies (or an electronic link to a website where they are available) of all statements, reports and notices made available to Borrower’s security
holders or to any holders of Senior Indebtedness or Subordinated Debt and all reports on Form 10-K, 10-Q and 8-K filed with the Securities and Exchange Commission; (iv) a prompt report of any legal actions pending or threatened in writing
against Borrower or any Subsidiary that could result in damages or costs (not covered by insurance) to Borrower or any Subsidiary of $250,000 or more; and (v) regularly prepared budgets, sales projections, operating plans or other financial
information that Lender reasonably requests. 
 (b) Within 30 days after the last day of each month, Borrower will deliver to Lender with
the monthly financial statements a Compliance Certificate signed by a Responsible Officer in the form of Exhibit G. Such Compliance Certificate shall indicate whether any defaults or events of default exist under the SVB Loan Agreement.

  

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 (c) Allow Lender to audit Borrower’s Collateral at Borrower’s expense. Such audits will be
conducted no more often than every year unless an Event of Default has occurred and is continuing. 
 6.3 Inventory. Borrower will
keep all Inventory in good and marketable condition, free from material defects. 
 6.4 Taxes. Borrower will make, and cause each
Subsidiary to make, timely payment of all material federal, state, and local taxes or assessments (other than taxes and assessments which Borrower is contesting in good faith and for which adequate reserves have been created in accordance with GAAP)
and will deliver to Lender, on demand, appropriate certificates attesting to the payment. 
 6.5 Insurance. Borrower will keep its
business and the Collateral insured for risks and in amounts, as Lender may reasonably request. Insurance policies will be in a form, with companies, and in amounts that are satisfactory to Lender in Lender’s reasonable discretion. All property
policies will have a lender’s loss payable endorsement showing Lender as an additional loss payee and all liability policies will show the Lender as an additional insured and provide that the insurer must give Lender at least 20 days
notice before canceling its policy. At Lender’s request, Borrower will deliver certified copies of policies and evidence of all premium payments. Proceeds payable under any policy will, at Lender’s option, be payable to Lender on account
of the Obligations. 
 6.6 Financial Covenants. If an IPO has not occurred on or before June 30, 2007, then the financial
covenants set forth in the SVB Loan Agreement will be incorporated herein, together with the relevant definitions in the SVB Loan Agreement, mutatis mutandis, and Borrower thereafter shall comply with such financial covenants as and when
specified until an IPO occurs (such time period for which financial covenants are applicable, the “Financial Covenants Period”). For purposes of the foregoing, the financial covenants set forth in the SVB Loan Agreement as of the
Effective Date, which are (A) the Minimum Adjusted Quick Ratio covenant of 0.95 to 1.00 set forth in Section 6.7(A) of the SVB Loan Agreement and (B) the Minimum Quarterly Revenue covenant set forth in Section 6.7(B) of the SVB
Loan Agreement, may be amended from time to time but to the extent that they are incorporated herein such amendments shall affect the corresponding financial covenants herein only to the extent that such amendments cumulatively do not result in a
greater than twenty percent (20%) reduction in the required Borrower financial performance under such financial covenants as of the Effective Date; if the amendments exceed this percentage limit, then such covenants, when incorporated herein,
shall be as amended to the extent they would not exceed the twenty percent (20%) reduction limit. In addition, any financial covenants added to the SVB Loan Agreement after the Effective Date may be amended from time to time, but to the extent
that they are incorporated herein such amendments shall affect the corresponding financial covenants herein only to the extent that such amendments cumulatively do not result in a greater than twenty percent (20%) reduction in the required
Borrower financial performance under such financial covenants as of the date or dates that such financial covenants are added to the SVB Loan Agreement; if the amendments exceed this percentage limit, then such covenants, when incorporated herein,
shall be as amended to the extent they would not exceed the twenty percent (20%) reduction limit. If the SVB Loan Agreement terminates or expires and is not extended during the Financial Covenants Period, then Borrower and Lender shall promptly
negotiate, in good faith, mutually agreed upon quarterly financial covenants to which Borrower shall be subject for the remainder of the Financial Covenants Period. All references to the SVB Loan Agreement and the financial covenants set forth
therein shall also refer to any replacement credit facility constituting Senior Indebtedness unless the context otherwise requires. 
 6.7
Intellectual Property Rights. Borrower will (i) protect, defend and maintain the validity and enforceability of the Intellectual Property and promptly advise Lender in writing of material infringements and (ii) not allow any
Intellectual Property to be abandoned, forfeited or dedicated to the public without Lender’s written consent, except in each case where Borrower determines, in its reasonable business judgment, that such action (or inaction) is in
Borrower’s best interest. 
 6.8 Further Assurances. Borrower will execute any further instruments and take further action as
Lender reasonably requests to perfect or continue Lender’s security interest in the Collateral or to effect the purposes of this Agreement. 
  

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 7. NEGATIVE COVENANTS. For so long as Lender has an obligation to lend or there are any
outstanding Obligations, Borrower shall not, without Lender’s prior written consent (which shall be a matter of its good faith business judgment), do any of the following: 
 7.1 Dispositions. Convey, sell, lease, transfer or otherwise dispose of (collectively “Transfer”), or permit any of its
Subsidiaries to Transfer, all or any part of its business or property (including its Intellectual Property), except for Transfers (i) of Inventory in the ordinary course of business; (ii) of non-exclusive licenses (or
exclusive licenses for a particular geographic area, field of use or time period) and similar arrangements for the use of the property of Borrower or its Subsidiaries in the ordinary course of business; (iii) of worn-out, unnneeded or obsolete
Equipment, and (iv) in connection with Permitted Liens and Permitted Investments and other transactions permitted under Section 7.6. 
 7.2 Changes in Business, Ownership, Management or Locations of Collateral Engage in or permit any of its Subsidiaries to engage in any business other than the businesses currently engaged in by Borrower or reasonably related or
incidental thereto enter into any transaction or series of related transactions in which the stockholders of Borrower who were not stockholders immediately prior to the first such transaction own more than 50% of the voting stock of Borrower
immediately after giving effect to such transaction or related series of such transactions (other than by the sale of Borrower’s equity securities in a public offering or to venture capital or strategic investors). Borrower will not, without
contemporaneous written notice, relocate its chief executive office, change its state of formation (including reincorporation), change its organizational number or name or add any new offices or business locations (such as warehouses) in which
Borrower maintains or stores over $50,000 in Collateral. Change the persons holding the offices of Chief Executive Officer, Chief Financial Officer, or Chief Technology/Information Officer (each a “Senior Executive”) unless a
replacement is approved by a majority of Borrower’s Board of Directors, including a majority of those members of the Board of Directors who were members of the Board of Directors and not employees of Borrower (the “Outside
Directors”), within 180 days of the date of the termination of such Senior Executive, provided that if a majority of the Outside Directors determine that such Senior Executive shall not be replaced, that Borrower shall so notify Lender
within 30 days of the determination. 
 7.3 Mergers or Acquisitions. Except for Permitted Acquisitions, merge or consolidate, or
permit any of its Subsidiaries to merge or consolidate, with any other Person, or acquire, or permit any of its Subsidiaries to acquire, all or substantially all of the capital stock or property of another Person. A Subsidiary may merge or
consolidate into another Subsidiary or into Borrower. 
 7.4 Indebtedness. Create, incur, assume, or be liable for any Indebtedness,
or permit any Subsidiary to do so, other than Permitted Indebtedness. 
 7.5 Encumbrance. Create, incur, or allow any Lien on any of
its property (including its Intellectual Property), or assign or convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries to do so, except for Permitted Liens, or permit any Collateral not to be
subject to the security interest granted herein, subject to Permitted Liens. 
 7.6 Distributions; Investments. Directly or indirectly
acquire or own any Person, or make any Investment in any Person, other than Permitted Investments and Permitted Acquisitions, or permit any of its Subsidiaries to do so. Pay any dividends or make any distribution or payment or redeem, retire or
purchase any capital stock, provided that (i) Borrower may convert or exchange any of its convertible securities into or for other securities pursuant to the terms of such convertible securities or otherwise and may make cash payments in lieu
of fractional shares in connection with such conversion or any stock dividend, stock split or combination, (ii) Borrower may pay dividends solely in common stock; (iii) Borrower may acquire capital stock in connection with (A) the
exercise of stock options or warrants by way of cashless exercise, or (B) satisfaction of withholding obligations related to the exercise of stock options; (iv) in connection with any Permitted Acquisition, the Borrower or any of its
Subsidiaries may, (A) receive or accept the return of capital stock of Borrower constituting a portion of the purchase price in settlement of indemnification claims, or (B) make payments or distributions to dissenting stockholders pursuant
to applicable law, and (v) Borrower may repurchase the stock of former employees, directors or consultants pursuant to stock repurchase agreements so long as an Event of Default does not exist at the time of such repurchase and would not exist
after giving effect to such repurchase, provided such repurchase does not exceed in the aggregate $250,000 per fiscal year. 
  

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 7.7 Transactions with Affiliates. Directly or indirectly enter into or permit to exist any
material transaction with any Affiliate of Borrower except for transactions that are in the ordinary course of Borrower’s business, upon fair and reasonable terms and that, in the case of Affiliates that are not Subsidiaries, are no less
favorable to such Person than would be obtained in an arm’s length transaction with a nonaffiliated Person. 
 7.8 Subordinated
Debt. Make or permit any payment on any Subordinated Debt, except under the terms of the Subordinated Debt, or amend any provision in any document relating to the Subordinated Debt without Lender’s prior written consent. 
 7.9 Compliance. Become regulated as an “investment company” or a company controlled by an “investment company,” under the
Investment Company Act of 1940 or undertake as one of its important activities extending credit to purchase or carry margin stock, or use the proceeds of any Credit Extension for that purpose; fail to meet the minimum funding requirements of ERISA,
permit a Reportable Event or Prohibited Transaction, as defined in ERISA, to occur if the same would reasonably be expected to cause a Material Adverse Change; fail to comply with the Federal Fair Labor Standards Act or violate any other law or
regulation, if the violation could reasonably be expected to cause a Material Adverse Change, or permit any of its Subsidiaries to do so. 
 8. EVENTS OF DEFAULT. Any one of the following is an Event of Default: 
 8.1 Payment Default. If Borrower fails to pay
any of the Obligations within 3 days after their due date (provided that no Credit Extensions will be made during such cure period); 
 8.2 Covenant Default. 
 (a) If Borrower fails to perform any obligation under Sections 6.2, 6.6 or 6.7 or violates any
of the covenants contained in Section 7 of this Agreement, or 
 (b) If Borrower fails or neglects to perform, keep, or observe any
other material term, provision, condition, covenant, or agreement contained in this Agreement, in any of the Loan Documents, or in any other present or future agreement between Borrower and Lender and as to any default under such other term,
provision, condition, covenant or agreement that can be cured, has failed to cure such default within ten (10) days after the occurrence thereof; provided, however, that if the default cannot by its nature be cured within the ten (10) day
period or cannot after diligent attempts by Borrower be cured within such ten (10) day period, and such default is likely to be cured within a reasonable time, then Borrower shall have an additional reasonable period (which shall not in any
case exceed thirty (30) days) to attempt to cure such default, and within such reasonable time period the failure to have cured such default shall not be deemed an Event of Default (provided that no Credit Extensions will be made during such
cure period); 
 8.3 Material Adverse Change. If there (i) occurs a material adverse change in the business, operations, or
financial condition of the Borrower, or (ii) is a material impairment of the prospect of repayment of any portion of the Obligations; or (iii) is a material impairment of the value or priority of Lender’s security interests in the
Collateral (the foregoing being defined as a “Material Adverse Change”). 
 8.4 Attachment. If any material portion
of Borrower’s assets is attached, seized, levied on, or comes into possession of a trustee or receiver and the attachment, seizure or levy is not removed in 10 days, or if Borrower is enjoined, restrained, or prevented by court order from
conducting a material part of its business or if a judgment or other claim becomes a Lien on a material portion of Borrower’s assets, or if a notice of lien, levy, or assessment is filed against any of Borrower’s assets by any government
agency and not paid within 10 days after Borrower receives notice. These are not Events of Default if stayed or if a bond is posted pending contest by Borrower (provided that no Credit Extensions will be made during such cure period);

 8.5 Insolvency. If Borrower becomes insolvent or if Borrower begins an Insolvency Proceeding or an Insolvency Proceeding is begun
against Borrower and not dismissed or stayed within 30 days (but no Credit Extensions will be made before any Insolvency Proceeding is dismissed); 
  

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 8.6 Other Agreements. If there is a default in any agreement between Borrower and a third party
that gives the third party the right to accelerate any Indebtedness exceeding $1,000,000 or that could cause a Material Adverse Change; 
 8.7 Judgments. If a money judgment(s) in the aggregate of at least $500,000 is rendered against Borrower and is unsatisfied and unstayed for 10 days (but no Credit Extensions will be made before the judgment is stayed or
satisfied); 
 8.8 Misrepresentations. If Borrower or any Person acting for Borrower makes any material misrepresentation or material
misstatement now or later in any warranty or representation in this Agreement or in any writing delivered to Lender or to induce Lender to enter this Agreement or any Loan Document; or 
 8.9 Guaranty. Any guaranty of any Obligations ceases for any reason to be in full force or any Guarantor does not perform any obligation under any
guaranty of the Obligations, or any material misrepresentation or material misstatement exists now or later in any warranty or representation in any guaranty of the Obligations or in any certificate delivered to Lender in connection with the
guaranty, or any circumstance described in Sections 8.4, 8.5 or 8.7 occurs to any Guarantor. 
 9. LENDER’S RIGHTS AND
REMEDIES. 
 9.1 Rights and Remedies. When an Event of Default occurs and continues Lender may, without notice or demand, do any or
all of the following: 
 (a) Declare all Obligations immediately due and payable (but if an Event of Default described in Section 8.5
occurs all Obligations are immediately due and payable without any action by Lender); 
 (b) Stop advancing money or extending credit for
Borrower’s benefit under this Agreement or under any other agreement between Borrower and Lender; 
 (c) Settle or adjust disputes and
claims directly with account debtors for amounts, on terms and in any order that Lender considers advisable; notify any Person owing Borrower money of Lender’s security interest in the funds and verify the amount of the Account. Borrower must
collect all payments in trust for Lender and, if requested by Lender, immediately deliver the payments to Lender in the form received from the account debtor, with proper endorsements for deposit; 
 (d) Make any payments and do any acts it considers necessary or reasonable to protect its security interest in the Collateral. Borrower will assemble
the Collateral if Lender requires and make it available as Lender designates. Lender may enter premises where the Collateral is located, take and maintain possession of any part of the Collateral, and pay, purchase, contest, or compromise any Lien
which appears to be prior or superior to its security interest and pay all expenses incurred. Borrower grants Lender a license to enter and occupy any of its premises, without charge, to exercise any of Lender’s rights or remedies; 

(e) Apply to the Obligations any (i) balances and deposits of Borrower it holds, or (ii) any amount held by Lender owing to or for the
credit or the account of Borrower; 
 (f) Ship, reclaim, recover, store, finish, maintain, repair, prepare for sale, advertise for sale, and
sell the Collateral. Lender is granted a non-exclusive, royalty-free license or other right to use, without charge, Borrower’s labels, Patents, Copyrights, Mask Works, rights of use of any name, trade secrets, trade names, Trademarks, service
marks, and advertising matter, or any similar property as it pertains to the Collateral, in completing production of, advertising for sale, and selling any Collateral and, in connection with Lender’s exercise of its rights under this Section,
Borrower’s rights under all licenses and all franchise agreements inure to Lender’s benefit; and 
 (g) Dispose of the Collateral
according to the Code. 
  

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 Lender may deliver a notice of exclusive control, any entitlement order, or other directions or
instructions pursuant to any control agreement or similar agreements providing control of any Collateral. 
 9.2 Power of Attorney.
Effective only when an Event of Default occurs and continues, Borrower irrevocably appoints Lender as its lawful attorney to: (i) endorse Borrower’s name on any checks or other forms of payment or security; (ii) sign Borrower’s
name on any invoice or bill of lading for any Account or drafts against account debtors, (iii) make, settle, and adjust all claims under Borrower’s insurance policies; (iv) settle and adjust disputes and claims about the Accounts
directly with account debtors, for amounts and on terms Lender determines reasonable; and (v) transfer the Collateral into the name of Lender or a third party as the Code permits. Lender may exercise the power of attorney to sign
Borrower’s name on any documents necessary to perfect or continue the perfection of any security interest regardless of whether an Event of Default has occurred. Lender’s appointment as Borrower’s attorney in fact, and all of
Lender’s rights and powers, coupled with an interest, are irrevocable until all Obligations have been fully repaid and performed and Lender’s obligation to provide Credit Extensions terminates. 
 9.3 Lender Expenses. If Borrower fails to pay any amount or furnish any required proof of payment to third persons, Lender may make all or part of
the payment or obtain insurance policies required in Section 6.5, and take any action under the policies Lender deems prudent. Any amounts paid by Lender are Lender Expenses and immediately due and payable, bearing interest at the then
applicable rate and secured by the Collateral. No payments by Lender are deemed an agreement to make similar payments in the future or Lender’s waiver of any Event of Default. 
 9.4 Lender’s Liability for Collateral. If Lender complies with reasonable lending practices and Section 9-207 of the Code, it is not
liable for: (a) the safekeeping of the Collateral; (b) any loss or damage to the Collateral; (c) any diminution in the value of the Collateral; or (d) any act or default of any carrier, warehouseman, bailee, or other person.
Except as provided above, Borrower bears all risk of loss, damage or destruction of the Collateral. 
 9.5 Remedies Cumulative.
Lender’s rights and remedies under this Agreement, the Loan Documents, and all other agreements are cumulative. Lender has all rights and remedies provided under the Code, by law, or in equity. Lender’s exercise of one right or remedy is
not an election, and Lender’s waiver of any Event of Default is not a continuing waiver. Lender’s delay is not a waiver, election, or acquiescence. No waiver is effective unless signed by Lender and then is only effective for the specific
instance and purpose for which it was given. 
 9.6 Demand Waiver. Borrower waives demand, notice of default or dishonor, notice of
payment and nonpayment, notice of any default, nonpayment at maturity, release, compromise, settlement, extension, or renewal of accounts, documents, instruments, chattel paper, and guarantees held by Lender on which Borrower is liable. 

10. NOTICES. All notices or demands by any party about this Agreement or any other related agreement must be in writing and be personally
delivered or sent by an overnight delivery service, by certified mail, postage prepaid, return receipt requested, or by telefacsimile to the addresses set forth at the beginning of this Agreement. A party may change its notice address by giving the
other party written notice. 
 11. CHOICE OF LAW, VENUE AND JURY TRIAL WAIVER. California law governs the Loan Documents without
regard to principles of conflicts of law. Borrower and Lender each submit to the exclusive jurisdiction of the State and Federal courts in Santa Clara County, California; provided, however, that nothing in this Agreement shall be deemed to operate
to preclude Lender from bringing suit or taking other legal action in any other jurisdiction to realize on the Collateral or any other security for the Obligations, or to enforce a judgment or other court order in favor of Lender. Borrower expressly
submits and consents in advance to such jurisdiction in any action or suit commenced in any such court, and Borrower hereby waives any objection that it may have based upon lack of personal jurisdiction, improper venue, or forum non conveniens and
hereby consents to the granting of such legal or equitable relief as is deemed appropriate by such court. Borrower hereby waives personal service of the summons, complaints, and other process issued in such action or suit and agrees that service of
such summons, complaints, and other process may be made by registered or certified mail addressed to Borrower at the address set forth in Section 10 and that service so made shall be deemed completed upon the earlier to occur of Borrower’s
actual receipt thereof or three (3) days after deposit in the U.S. mails, proper postage prepaid. 
  

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 TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, BORROWER AND LENDER EACH WAIVES ITS RIGHT TO A JURY TRIAL OF ANY
CLAIM OR CAUSE OF ACTION ARISING OUT OF OR BASED UPON THIS AGREEMENT, THE OTHER LOAN DOCUMENTS OR ANY CONTEMPLATED TRANSACTION, INCLUDING CONTRACT, TORT, BREACH OF DUTY AND ALL OTHER CLAIMS. THIS WAIVER IS A MATERIAL INDUCEMENT FOR BOTH PARTIES TO
ENTER INTO THIS AGREEMENT. EACH PARTY HAS REVIEWED THIS WAIVER WITH ITS COUNSEL. 
 WITHOUT INTENDING IN ANY WAY TO LIMIT THE
PARTIES’ AGREEMENT TO WAIVE THEIR RESPECTIVE RIGHT TO A TRIAL BY JURY, if the above waiver of the right to a trial by jury is not enforceable, the parties hereto agree that any and all disputes or controversies of any nature between them
arising at any time shall be decided by a reference to a private judge, mutually selected by the parties (or, if they cannot agree, by the Presiding Judge of the Santa Clara County, California Superior Court) appointed in accordance with California
Code of Civil Procedure §638 (or pursuant to comparable provisions of federal law if the dispute falls within the exclusive jurisdiction of the federal courts), sitting without a jury, in Santa Clara County, California; and the parties hereby
submit to the jurisdiction of such court. The reference proceedings shall be conducted pursuant to and in accordance with the provisions of California Code of Civil Procedure §§ 638 through 645.1, inclusive. The private judge shall have
the power, among others, to grant provisional relief, including without limitation, entering temporary restraining orders, issuing preliminary and permanent injunctions and appointing receivers. All such proceedings shall be closed to the public and
confidential and all records relating thereto shall be permanently sealed. If during the course of any dispute, a party desires to seek provisional relief, but a judge has not been appointed at that point pursuant to the judicial reference
procedures, then such party may apply to the Santa Clara County, California Superior Court for such relief. The proceeding before the private judge shall be conducted in the same manner as it would be before a court under the rules of evidence
applicable to judicial proceedings. The parties shall be entitled to discovery which shall be conducted in the same manner as it would be before a court under the rules of discovery applicable to judicial proceedings. The private judge shall oversee
discovery and may enforce all discovery rules and order applicable to judicial proceedings in the same manner as a trial court judge. The parties agree that the selected or appointed private judge shall have the power to decide all issues in the
action or proceeding, whether of fact or of law, and shall report a statement of decision thereon pursuant to the California Code of Civil Procedure § 644(a). Nothing in this paragraph shall limit the right of any party at any time to exercise
self-help remedies, foreclose against collateral, or obtain provisional remedies. The private judge shall also determine all issues relating to the applicability, interpretation, and enforceability of this paragraph. 
 12. GENERAL PROVISIONS. 
 12.1
Successors and Assigns. This Agreement binds and is for the benefit of the successors and permitted assigns of each party. Borrower may not assign this Agreement or any rights under it without Lender’s prior written consent which may be
granted or withheld in Lender’s discretion. Lender has the right, without the consent of or notice to Borrower, to sell, transfer, negotiate, or grant participation in all or any part of, or any interest in, Lender’s obligations, rights
and benefits under this Agreement. 
 12.2 Indemnification. Borrower will indemnify, defend and hold harmless Lender and its officers,
employees, and agents against: (a) all obligations, demands, claims, and liabilities asserted by any other party in connection with the transactions contemplated by the Loan Documents; and (b) all losses or Lender Expenses incurred, or
paid by Lender from, following, or consequential to transactions between Lender and Borrower (including reasonable attorneys fees and expenses), except for losses caused by Lender’s gross negligence or willful misconduct. 
 12.3 Time of Essence. Time is of the essence for the performance of all obligations in this Agreement. 
 12.4 Severability of Provision. Each provision of this Agreement is severable from every other provision in determining the enforceability of any
provision. 
  

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 12.5 Amendments in Writing, Integration. All amendments to this Agreement must be in writing and
signed by Borrower and Lender. This Agreement represents the entire agreement about this subject matter, and supersedes prior negotiations or agreements. All prior agreements, understandings, representations, warranties, and negotiations between the
parties about the subject matter of this Agreement merge into this Agreement and the Loan Documents. 
 12.6 Counterparts. This
Agreement may be executed in any number of counterparts and by different parties on separate counterparts, each of which, when executed and delivered, are an original, and all taken together, constitute one Agreement. 
 12.7 Survival. All covenants, representations and warranties made in this Agreement continue in full force while any Obligations remain
outstanding. The obligations of Borrower in Section 12.2 to indemnify Lender will survive until all statutes of limitations for actions that may be brought against Lender have run. 
 12.8 Confidentiality. All financial information (other than any such information contained periodic reports filed by Borrower with the Securities
and Exchange Commission) disclosed by the Borrower to Lender in writing and together with all other written information disclosed by Borrower to Lender that is marked “Confidential” shall be considered confidential for purposes hereof,
subject to the last sentence of this Section 12.8. In handling any confidential information, Lender will exercise the same degree of care that it exercises for its own proprietary information, but disclosure of information may be made
(i) to Lender’s subsidiaries or affiliates, (ii) to prospective transferees or purchasers of any interest in the loans (provided, however, Lender shall use commercially reasonable efforts in obtaining such prospective transferee or
purchasers agreement of the terms of this provision), (iii) as required by law, regulation, subpoena, or other order, (iv) as required in connection with Lender’s examination or audit and (v) as Lender considers appropriate
exercising remedies under this Agreement. Confidential information does not include information that either: (a) is in the public domain or in Lender’s possession when disclosed to Lender, or becomes part of the public domain after
disclosure to Lender; or (b) is disclosed to Lender by a third party, if Lender does not know that the third party is prohibited from disclosing the information. 
 12.9 Attorneys’ Fees, Costs and Expenses. In any action or proceeding between Borrower and Lender arising out of the Loan Documents, the prevailing party will be entitled to recover its reasonable
attorneys’ fees and other reasonable costs and expenses incurred, in addition to any other relief to which it may be entitled. 
 13.
DEFINITIONS. 
 13.1 Definitions. In this Agreement: 
 “Accounts” are all existing and later arising accounts, contract rights, and other obligations owed Borrower in connection with its sale
or lease of goods (including licensing software and other technology) or provision of services, all credit insurance, guaranties, other security and all merchandise returned or reclaimed by Borrower and Borrower’s Books relating to any of the
foregoing, as such definition may be amended from time to time according to the Code. 
 “Advance” or
“Advances” is a loan advance (or advances) under the Committed Line. 
 “Affiliate” of a Person is a
Person that owns or controls directly or indirectly the Person, any Person that controls or is controlled by or is under common control with the Person, and each of that Person’s senior executive officers, directors, partners and, for any
Person that is a limited liability company, that Person’s managers and members. 
 “Borrower’s Books” are all
Borrower’s books and records including ledgers, records regarding Borrower’s assets or liabilities, the Collateral, business operations or financial condition and all computer programs or discs or any equipment containing the information.

  

 12 

 “Business Day” is any day that is not a Saturday, Sunday or a day on which the Lender
is closed. 
 “Code” is the California Uniform Commercial Code, as applicable. 
 “Collateral” is the property described on Exhibit A. 
 “Committed Line” is an amount of up to $10,000,000. 
 “Contingent Obligation” is, for any Person, any direct or indirect liability, contingent or not, of that Person for (i) any indebtedness, lease, dividend, letter of credit or other obligation of
another such as an obligation directly or indirectly guaranteed, endorsed, co-made, discounted or sold with recourse by that Person, or for which that Person is directly or indirectly liable; (ii) any obligations for undrawn letters of credit
for the account of that Person; and (iii) all obligations from any interest rate, currency or commodity swap agreement, interest rate cap or collar agreement, or other agreement or arrangement designated to protect a Person against fluctuation
in interest rates, currency exchange rates or commodity prices; but “Contingent Obligation” does not include endorsements in the ordinary course of business. The amount of a Contingent Obligation is the stated or determined amount of the
primary obligation for which the Contingent Obligation is made or, if not determinable, the maximum reasonably anticipated liability for it determined by the Person in good faith; but the amount may not exceed the maximum of the obligations under
the guarantee or other support arrangement. 
 “Copyrights” are all copyright rights, applications or registrations and
like protections in each work or authorship or derivative work, whether published or not (whether or not it is a trade secret) now or later existing, created, acquired or held. 
 “Credit Extension” is each Advance or any other extension of credit by Lender for Borrower’s benefit. 
 “Drawdown Period” means the period commencing on the Effective Date and terminating on June 30, 2007. 
 “Effective Date” is the date Lender executes this Agreement. 
 “Equipment” is all present and future machinery, equipment, tenant improvements, furniture, fixtures, vehicles, tools, parts and
attachments in which Borrower has any interest. 
 “ERISA” is the Employment Retirement Income Security Act of 1974, and
its regulations. 
 “GAAP” is generally accepted accounting principles. 
 “Guarantor” is any present or future guarantor of the Obligations. 
 “Indebtedness” is (a) indebtedness for borrowed money or the deferred price of property or services, such as reimbursement and
other obligations for surety bonds and letters of credit, (b) obligations evidenced by notes, bonds, debentures or similar instruments, (c) capital lease obligations and (d) Contingent Obligations. 
 “Insolvency Proceeding” are proceedings by or against any Person under the United States Bankruptcy Code, or any other Bankruptcy or
insolvency law, including assignments for the benefit of creditors, compositions, extensions generally with its creditors, or proceedings seeking reorganization, arrangement, or other relief. 
  

 13 

 “Intellectual Property” is all of Borrower’s: 
 (a) Copyrights, Trademarks, Patents, and Mask Works including amendments, renewals, extensions, and all licenses or other rights to use and all license
fees and royalties from the use; 
 (b) Any trade secrets and any intellectual property rights in computer software and computer software
products now or later existing, created, acquired or held; 
 (c) All design rights which may be available to Borrower now or later created,
acquired or held; 
 (d) Any claims for damages (past, present or future) for infringement of any of the rights above, with the right, but
not the obligation, to sue and collect damages for use or infringement of the intellectual property rights above; 
 All proceeds and
products of the foregoing, including all insurance, indemnity or warranty payments. 
 “Inventory” is present and future
inventory in which Borrower has any interest, including merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products intended for sale or lease or to be furnished under a contract of service, of
every kind and description now or later owned by or in the custody or possession, actual or constructive, of Borrower, including inventory temporarily out of its custody or possession or in transit and including returns on any accounts or other
proceeds (including insurance proceeds) from the sale or disposition of any of the foregoing and any documents of title. 
 “Investment” is any beneficial ownership of (including stock, partnership interest or other securities) any Person, or any loan, advance or capital contribution to any Person. 
 “IPO” is the initial public offering of Borrower’s common stock pursuant to an registration statement under the Securities Act of
1933, as amended. 
 “Lender Expenses” are all audit fees and expenses and reasonable costs and expenses (including
reasonable attorneys’ fees and expenses) for preparing, negotiating, administering, defending and enforcing the Loan Documents (including appeals or Insolvency Proceedings). 
 “Lien” is a mortgage, lien, deed of trust, charge, pledge, security interest or other encumbrance. 
 “Loan Documents” are, collectively, this Agreement, any note, or notes or guaranties executed by Borrower or Guarantor, and any other
present or future agreement between Borrower and/or for the benefit of Lender in connection with this Agreement, all as amended, extended or restated. 
 “Mask Works” are all mask works or similar rights available for the protection of semiconductor chips, now owned or later acquired. 
 “Material Adverse Change” is defined in Section 8.3. 
 “Maturity Date” is October 31, 2010. 
 “Obligations” are debts, principal, interest, Lender Expenses and other amounts Borrower owes Lender now or later, including interest accruing after Insolvency Proceedings begin and debts,
liabilities, or obligations of Borrower assigned to Lender. 
 “Patents” are patents, patent applications and like
protections, including improvements, divisions, continuations, renewals, reissues, extensions and continuations-in-part of the same. 
  

 14 

 “Permitted Acquisitions” are any purchase occurring after an IPO (in one or more
related transactions) of substantially all of the stock of, merger or consolidation with or acquisition of all or substantially all of the assets of, any Person, so long as no Default or Event of Default has occurred and is continuing, or would
occur as a result thereof, where the cash consideration when aggregated with all Permitted Acquisitions in a fiscal year would not exceed $5,000,000. 
 “Permitted Indebtedness” is: 
 (a) Borrower’s indebtedness to Lender under this
Agreement or any other Loan Document; 
 (b) Indebtedness existing on the Effective Date and shown on the Schedule, including (i) the
Senior Indebtedness, (ii) the Indebtedness owed to Century Medical, Inc. pursuant to the Convertible Subordinated Note Agreement, dated as of May 9, 2002, as amended from time to time, and (iii) the Indebtedness owed to the Investors,
as defined in the Note Purchase Agreement, dated as of May 4, 2006, as amended from time to time; 
 (c) Subordinated Debt; 

(d) Indebtedness to trade creditors incurred in the ordinary course of business; 
 (e) Indebtedness secured by Permitted Liens; 
 (f) Other Indebtedness in an amount not to exceed $250,000; and 
 (g) extensions, refinancings, modifications, amendments and
restatements of any items of Permitted Indebtedness in clauses (b), (c), and (d) above, provided that the principal amount thereof is not increased or the terms thereof are not modified to impose more burdensome terms upon a Borrower or its
Subsidiary, as the case may be. 
 “Permitted Investments” are: 
 (a) Investments shown on the Schedule and existing on the Effective Date; and 
 (b)(i) marketable direct obligations issued or unconditionally guaranteed by the United States or its agency or any State maturing within
1 year from its acquisition, (ii) commercial paper maturing no more than 1 year after its creation and having the highest rating from either Standard & Poor’s Corporation or Moody’s Investors Service, Inc.,
(iii) Lender’s certificates of deposit issued maturing no more than 1 year after issue; and (iv) Investments permitted by Borrower’s investment policy, as amended from time to time, provided that such investment policy (and
any amendment thereto) has been approved by Lender; 
 (c) negotiable instruments for deposit or collection or similar transactions in the
ordinary course of business; 
 (d) Investments consisting of deposit accounts in which Lender has a perfected security interest;

 (e) Investments accepted in connection with Transfers permitted by Section 7.1; 
 (f) Investments by Borrower in Subsidiaries not to exceed $500,000 in the aggregate in any fiscal year; 
  

 15 

 (g) Investments consisting of (i) travel advances and employee relocation loans and other employee
loans and advances in the ordinary course of business, and (ii) loans to employees, officers or directors relating to the purchase of equity securities of Borrower or its Subsidiaries pursuant to employee stock purchase plans or agreements
approved by Borrower’s Board of Directors; 
 (h) Investments (including debt obligations) received in connection with the bankruptcy
or reorganization of customers or suppliers and in settlement of delinquent obligations of, and other disputes with, customers or suppliers arising in the ordinary course of business; 
 (i) Investments consisting of notes receivable of, or prepaid royalties and other credit extensions, to customers and suppliers who are not Affiliates,
in the ordinary course of business; provided that this clause (i) shall not apply to Investments of Borrower in any Subsidiary; 
 (j)
joint ventures or strategic alliances in the ordinary course of Borrower’s business consisting of the non-exclusive licensing of technology, the development of technology or the providing of technical support and/or cash investments not
exceeding $100,000, in the aggregate in any fiscal year; and 
 (k) other Investments not otherwise permitted by Section 7.6 not
exceeding $500,000 in the aggregate outstanding at any time. 
 “Permitted Liens” are: 
 (a) Liens existing on the Effective Date and shown on the Schedule, including the Liens against the Collateral secured Senior Indebtedness, or arising
under this Agreement or other Loan Documents; 
 (b) Liens for taxes, fees, assessments or other government charges or levies, either not
delinquent or being contested in good faith and for which Borrower maintains adequate reserves on its Books, if they have no priority over any of Lender’s security interests; 
 (c) Purchase money Liens (i) on Equipment acquired or held by Borrower or its Subsidiaries incurred for financing the acquisition of the Equipment,
or (ii) existing on equipment when acquired, if the Lien is confined to the property and improvements and the proceeds of the equipment; 
 (d) Licenses or sublicenses granted in the ordinary course of Borrower’s business and any interest or title of a licensor or under any license or sublicense, if the licenses and sublicenses permit granting
Lender a security interest; 
 (e) Leases or subleases granted in the ordinary course of Borrower’s business, including in connection
with Borrower’s leased premises or leased property; 
 (f) statutory Liens securing claims or demands of materialmen, mechanics,
carriers, warehousemen, landlords and other Persons imposed without action of such parties; 
 (g) Liens to secure payment of workers’
compensation, employment insurance, pensions, social security and other like obligations incurred in the ordinary course of business; 
 (h)
Liens arising from judgments, decrees or attachments in circumstances not constituting an Event of Default under Sections 8.4 or 8.7; 
 (i)
Liens in favor of financial institutions arising in connection with a Borrower’s deposit and/or securities accounts held at such institutions; 
  

 16 

 (j) other Liens not described above arising in the ordinary course of business and not having or not
reasonably likely to have a material adverse effect on Borrower and its Subsidiaries taken as a whole and not having any priority over the Lien in favor of Lender; and 
 (k) Liens incurred in the extension, renewal or refinancing of the indebtedness secured by Liens described in (a) through (c), but any extension, renewal or replacement Lien must be limited to the property
encumbered by the existing Lien and the principal amount of the indebtedness may not increase. 
 “Person” is any
individual, sole proprietorship, partnership, limited liability company, joint venture, company association, trust, unincorporated organization, association, corporation, institution, public benefit corporation, firm, joint stock company, estate,
entity or government agency. 
 “Responsible Officer” is each of the Chief Executive Officer, the President, the Chief
Financial Officer and the Controller of Borrower. 
 “Rights”, as applied to the Collateral, means the Borrower’s
rights and interests in, and powers with respect to, that Collateral, whatever the nature of those rights, interests and powers and, in any event, including Borrower’s power to transfer rights in such Collateral to Lender. 
 “Schedule” is the Schedule of Exceptions attached hereto. 
 “Senior Indebtedness” is the Indebtedness owed to Silicon Valley Bank or any permitted successor, assignee or substitute revolving
credit lender pursuant to the SVB Loan Agreement, to the extent that prior to June 30, 2007: (A) the principal amount of the Indebtedness under the term loan facility under the SVB Loan Agreement (the “Term Loan
Indebtedness”) does not exceed $1,000,000, and (B) the principal amount of the Indebtedness under the revolving credit facility under the SVB Loan Agreement, when aggregated with the principal amount of the Term Loan Indebtedness, does
not exceed $4,000,000. Commencing as of July 1, 2007, the aggregate principal amount of the Senior Indebtedness may not exceed as of any date the greater of (i) $4,000,000, and (ii) fifty percent (50%) of Borrower’s average
revenue, as determined in accordance with GAAP, for the two most recently completed fiscal quarters of Borrower. Borrower may at any time and from time to time enter into a revolving credit facility with another lender or lenders, so long as such
lender becomes or lenders become party to a subordination agreement on substantially the same terms as that entered into between Lender and Silicon Valley Bank, and the Indebtedness under such new revolving credit facility shall constitute Senior
Indebtedness hereunder. 
 “Subordinated Debt” is Indebtedness incurred by Borrower subordinated to Borrower’s
Obligations and which is reflected in a written agreement in a manner and form acceptable to Lender and approved by Lender in writing. 
 “Subsidiary” is for any Person, or any other business entity of which more than 50% of the voting stock or other equity interests is owned or controlled, directly or indirectly, by the Person or one or more Affiliates of
the Person. 
  

 17 

 “SVB Loan Agreement” is the Loan and Security Agreement, dated as of March 15,
2002, between Borrower and Silicon Valley Bank, as amended from time to time, and any successor loan and security agreement between Borrower and Silicon Valley Bank. 
 “Trademarks” are trademark and servicemark rights, registered or not, applications to register and registrations and like protections, and the entire goodwill of the business of Assignor connected
with the trademarks. 
  

							
	SENORX, INC.	 	ESCALATE CAPITAL I, L.P.,
		 		 	a Delaware limited partnership
		 		 	By:	 	Escalate Capital Management I,
		 		 		 	its general partner
		 		 	By:	 	EC Management I, L.P.,
		 		 		 	a general partner
		 		 	By:	 	Escalate Capital Management Co., LLC,
		 		 		 	its general partner
				
	By:	 	 /s/ Lloyd H. Malchow
	 	By:	 	 /s/ James E. Ellison

				
	Name:	 	 Lloyd H. Malchow
	 	Name:	 	 James E. Ellison

		 	(Print)	 		 	(Print)
				
	Title:	 	 President & C.E.O.
	 	Title:	 	Member
			
		 		 	Effective Date: 12/6/06
	 	 	 	 	

  

 18 

 EXHIBIT A 
 The Collateral consists of all of Borrower’s right, title and interest in and to the following whether owned now or hereafter arising and whether the Borrower has rights now or hereafter has rights therein and
wherever located: 
 All goods and equipment now owned or hereafter acquired, including, without limitation, all machinery, fixtures, vehicles
(including motor vehicles and trailers), and any interest in any of the foregoing, and all attachments, accessories, accessions, replacements, substitutions, additions, and improvements to any of the foregoing, wherever located; 
 All inventory, now owned or hereafter acquired, including, without limitation, all merchandise, raw materials, parts, supplies, packing and shipping
materials, work in process and finished products including such inventory as is temporarily out of Borrower’s custody or possession or in transit and including any returns upon any accounts or other proceeds, including insurance proceeds,
resulting from the sale or disposition of any of the foregoing and any documents of title representing any of the above; 
 All contract
rights and general intangibles (as such definitions may be amended from time to time according to the Code), now owned or hereafter acquired, including, without limitation, goodwill, trademarks, servicemarks, trade styles, trade names, patents,
patent applications, leases, license agreements, franchise agreements, blueprints, drawings, purchase orders, customer lists, route lists, infringements, claims, computer programs, computer discs, computer tapes, literature, reports, catalogs,
design rights, income tax refunds, payments of insurance and rights to payment of any kind; 
 All now existing and hereafter arising
accounts, contract rights, royalties, license rights and all other forms of obligations owing to Borrower arising out of the sale or lease of goods, the licensing of technology or the rendering of services by Borrower (as such definitions may be
amended from time to time according to the Code) whether or not earned by performance, and any and all credit insurance, insurance (including refund) claims and proceeds, guaranties, and other security therefor, as well as all merchandise returned
to or reclaimed by Borrower; 
 All documents, cash, deposit accounts, securities, securities entitlements, securities accounts, investment
property, financial assets, letters of credit, letter of credit rights, certificates of deposit, instruments and chattel paper and electronic chattel paper now owned or hereafter acquired and Borrower’s Books relating to the foregoing;

 All copyright rights, copyright applications, copyright registrations and like protections in each work of authorship and derivative work
thereof, whether published or unpublished, now owned or hereafter acquired; all trade secret rights, including all rights to unpatented inventions, know-how, operating manuals, license rights and agreements and confidential information, now owned or
hereafter acquired; all mask work or similar rights available for the protection of semiconductor chips, now owned or hereafter acquired; all claims for damages by way of any past, present and future infringement of any of the foregoing; and

 All Borrower’s Books relating to the foregoing and any and all claims, rights and interests in any of the above and all substitutions
for, additions and accessions to and proceeds thereof. 
 Notwithstanding the foregoing, the Collateral shall not be deemed to include any
copyrights, copyright applications, copyright registration and like protection in each work of authorship and derivative work thereof, whether published or unpublished, now owned or hereafter acquired; any patents, patent applications and like
protections including without limitation improvements, divisions, continuations, renewals, reissues, extensions and continuations-in-part of the same, trademarks, servicemarks and applications therefor, whether registered or not, mask works (and
applications and registrations therefore) and the goodwill of the business of Borrower connected with and symbolized by such trademarks, any trade secret rights, including any rights to unpatented inventions, know-how, operating manuals, license
rights and agreements and any confidential information, now owned or hereafter acquired; or any claims for damage by way of any past, present and future infringement of any of the foregoing (collectively, the “Intellectual
Property”), except that the Collateral shall include the proceeds of all the Intellectual Property that are accounts, (i.e. accounts receivable) of Borrower, or general intangibles consisting of rights to payment, if a judicial authority
(including a U.S. Bankruptcy Court) holds that a security interest in the underlying Intellectual Property is necessary to have a security interest in such accounts and general intangibles of Borrower that are proceeds of the Intellectual Property,
then the Collateral shall automatically, and effective as of the Effective Date, include the Intellectual Property to the extent necessary to permit perfection of Lender’s security interest in such accounts and general intangibles of Borrower
that are proceeds of the Intellectual Property. The Collateral shall also include, without limitation, proceeds arising from the licensing of Intellectual Property. 
  

 19 

 EXHIBIT B 
 LOAN REQUEST FORM 
  

											
	TO: Escalate Capital I, L.P.	 	DATE:	 	  
	 	TIME:	 	  

	FAX #:	 		 		 		 		 	
						
	FROM:	 	SenoRx, Inc.	 		 		 		 	
						
	FROM:	 	  
	 		 		 		 	
		 	Authorized Signer’s Name	 		 		 		 	
						
	FROM:	 	  
	 		 		 		 	
		 	Authorized Signature (Borrower)	 		 		 		 	
	PHONE #:	 	  
	 		 		 		 	

  

							
		  	For Lender Use Only
	REQUESTED ADVANCE AMOUNT                     $
                                        
                                     	  	Date Rec’d:	  		  	
		  	Time:	  		  	
		  	Comp. Status:	  	YES    	  	NO
	OTHER INSTRUCTIONS:	  	Status Date:	  		  	
	  
	  	Time:	  		  	
	  
	  	Approval:	  		  	

 All representations and warranties of Borrower stated in the Loan Agreement are true, correct and complete in all
material respects as of the date of the telephone request for any Advance confirmed by this Advance Form; provided, however, that those representations and warranties the date expressly referring to another date shall be true, correct and complete
in all material respects as of such date. 
  

	*	IS THERE A WIRE REQUEST TIED TO THIS LOAN ADVANCE? (PLEASE CIRCLE
ONE)                     YES     NO     

 If YES, the Outgoing Wire Transfer Instructions must be completed below. 
  

					
	 OUTGOING WIRE TRANSFER INSTRUCTIONS
	  	 Fed Reference Number
	  	 Lender Transfer Number

	The items marked with an asterisk (*) are required to be completed.
	*Beneficiary Name	  	
	*Beneficiary Account Number	  	
	*Beneficiary Address	  	
	Currency Type	  	US DOLLARS ONLY
	*ABA Routing Number (9 Digits)	  	
	*Receiving Institution Name	  	
	*Receiving Institution Address	  	
	*Wire Account	  	$

  

 20 

 EXHIBIT C 
 WARRANT 
  

 21 

 EXHIBIT D 
 MANAGEMENT RIGHTS LETTER 
  

 22 

 EXHIBIT E 
 CORPORATE BORROWING RESOLUTION 
  

							
	Borrower:	  	 SenoRx, Inc.
 11 Columbia, Suite A
 Aliso Viejo, California 92656
	  	Lender:	  	 Escalate Capital I, L.P.
 2400 Sand Hill Road, Suite
201
 Menlo Park, California 94025

 I, the Secretary or Assistant Secretary of SenoRx, Inc. (“Borrower”), CERTIFY that
Borrower is a corporation existing under the laws of the State of Delaware. 
 I certify that at a meeting of Borrower’s Directors (or by other
authorized corporate action) duly held the following resolutions were adopted. 
 It is resolved that any one of the following officers of Borrower,
whose name, title and signature is below: 
  

					
	 NAMES
	 	 POSITIONS
	 	 ACTUAL SIGNATURES

			
	  
	 	  
	 	  

	  
	 	  
	 	  

	  
	 	  
	 	  

	  
	 	  
	 	  

 may act for Borrower and: 
 Borrow Money. Borrow money from Escalate Capital I, L.P. (“Lender”). 
 Execute
Loan Documents. Execute any loan documents Lender requires. 
 Grant Security. Grant Lender a security interest in any of
Borrower’s assets. 
 Issue Warrants. Issue warrants for Borrower’s stock. 
 Further Acts. Designate other individuals to request advances, pay fees and costs and execute other documents or agreements (including documents or
agreement that waive Borrowers right to a jury trial) they think necessary to effectuate these Resolutions. 
 Further resolved that all acts
authorized by these Resolutions and performed before they were adopted are ratified. These Resolutions remain in effect and Lender may rely on them until Lender receives written notice of their revocation. 
 I certify that the persons listed above are Borrower’s officers with the titles and signatures shown following their names and that these resolutions have
not been modified are currently effective. This certification has been executed on December __, 2006. 
  

			
	CERTIFIED TO AND ATTESTED BY:
		
	X	 	  

		 	*Secretary or Assistant Secretary
		
	X	 	  

  

	*	NOTE: In case the Secretary or other certifying officer is designated by the foregoing resolutions as one of the signing officers, this resolution should also be signed by a second
Officer or Director of Borrower. 

  

 23 

 EXHIBIT F 
 AGREEMENT TO PROVIDE INSURANCE 
  

					
	TO:	 	Escalate Capital I, L.P.	 	Date: December     , 2006
		 	2400 Sand Hill Road, Suite 201	 	
		 	Menlo Park, CA 94025	 	

 In consideration of an agreement to provide advances in an amount of up to $10,000,000, secured by
all tangible personal property including inventory and equipment. 
 I/We agree to obtain adequate insurance coverage to remain in force
during the term of the loan. 
 I/We also agree to advise the below named agent to add Escalate Capital I, L.P., as lender’s loss
payable on the new or existing insurance policy, and to furnish it at above address with a copy of said policy/endorsements and any subsequent renewal policies. 
 I/We understand that the policy must contain: 
  

	 	1.	Fire and extended coverage in an amount sufficient to cover: 

  

	 	(a)	The amount of the advances, OR 

  

	 	(b)	All existing encumbrances, whichever is greater, 

 But not
in excess of the replacement value of the improvements on the real property. 
  

	 	2.	Lender’s “Loss Payable” Endorsement Form 438 BFU in favor of Agent, or any other form acceptable to Agent. 

  

			
	INSURANCE INFORMATION	 	
	Insurance Co./Agent	 	Telephone No.:
		
	Agent’s Address:	 	
		
	SenoRx, Inc.	 	

  

			
	By:	 	  

	Title:	 	  

  

			
	 FOR AGENT USE ONLY
  
 INSURANCE VERIFICATION: Date:                                
                                        
                             
  
 Person Spoken to:                                  
                                        
                                        
                           
  
 Policy Number:                                   
                                        
                                        
                               
  
 Effective From: To:                                
                                        
                                        
                          
  
 Verified by:                                   
                                        
                                        
                                      
	  	

  

 24 

 EXHIBIT G 
 COMPLIANCE CERTIFICATE 
  

			
	TO:	 	ESCALATE CAPITAL I, L.P.
		 	2400 Sand Hill Road, Suite 201
		 	Menlo Park, CA 94025
		
	FROM:	 	SenoRx, Inc.

 The undersigned Responsible Officer of SenoRx, Inc. (“Borrower”) certifies that
under the terms and conditions of the Loan and Security Agreement between Borrower and Lender (the “Agreement”), Borrower is in complete compliance for the period ending
                     with all required covenants except as noted below. Attached are the required documents supporting the certification. The
Officer certifies that these are prepared in accordance with Generally Accepted Accounting Principles (GAAP) consistently applied from one period to the next except as explained in an accompanying letter or footnotes. The Responsible Officer
acknowledges that no borrowings may be requested at any time or date of determination that Borrower is not in compliance with any of the terms of the Agreement, and that compliance is determined not just at the date this certificate is delivered.

 Please indicate compliance status by circling Yes/No under “Complies” column. 
  

							
	 Reporting Covenant
	  	 Required
	  	 Complies

	Monthly financial statements + CC	  	Monthly within 30 days	  		  	Yes    No
	Annual (Audited)	  	FYE within 90 days	  		  	Yes    No
	10-Q, 10-K and 8-K	  	Within 5 days after filing with SEC	  		  	Yes    No
	A/R & A/P Agings	  	Monthly within 30 days	  		  	Yes    No
	A/R Audit	  	Initial and Annual	  		  	Yes    No
				
	 Financial Covenant
	  	 Required
	  	 Actual
	  	Complies
				
	 [To come]
	  		  		  	

 Borrower only has deposit accounts located at the following
institutions:                                      
  . 
  

							
	Comments Regarding Exceptions: See Attached.	  	LENDER USE ONLY
				
		  		  	Received by:	  	  

		  		  		  	AUTHORIZED SIGNER
	Sincerely,	  		  	Date:	  	  

	SENORX, INC.	  		  		  	
		  		  	Verified:	  	  

		  		  		  	AUTHORIZED SIGNER
	  
 SIGNATURE
	  		  	Date:	  	  

			
		  		  	Compliance Status:                                
Yes    No
	  
 TITLE
	  		  		  	
	  
 DATE
	  		  		  	

  

 25 

 Schedule to Loan and Security Agreement 
 The exact correct corporate name of Borrower is (attach a copy of the formation documents, e.g., articles, partnership agreement): SenoRx, Inc. 
 Borrower’s State of formation: Delaware 
 Borrower has operated under
only the following other names (if none, so state): 
                                       
                                        
                                        
                                        
                                        
                                        
                    
 All other addresses at which the
Borrower does business are as follows (attach additional sheets if necessary and include all warehouse
addresses):                                      
                                        
                                        
                                        
                   
 Borrower has deposit accounts and/or
investment accounts located only at the following institutions: 
                                       
                                        
                                        
                                        
                                        
                                        
                    
 List
Acct. Numbers:                                     
                                        
                                        
                                        
                        
 Liens
existing on the Effective Date and disclosed to and accepted by Lender in writing: 
                                       
                                        
                                        
                                        
                                        
                                        
                    
                                       
                                        
                                        
                                        
                                        
                                        
                    
 Investments existing on the
Effective Date and disclosed to and accepted by Lender in writing: 
                                       
                                        
                                        
                                        
                                        
                                        
                    
                                       
                                        
                                        
                                        
                                        
                                        
                    
 Subordinated Debt:

 Indebtedness on the Effective Date and disclosed to and consented to by Lender in writing: 
                                       
                                        
                                        
                                        
                                        
                                        
                    
                                       
                                        
                                        
                                        
                                        
                                        
                    
 The following is a list of the
Borrower’s copyrights (including copyrights of software) which are registered with the United States Copyright Office. (Please include name of the copyright and registration number and attach a copy of the registration): 
                                       
                                        
                                        
                                        
                                        
                                        
                    
                                       
                                        
                                        
                                        
                                        
                                        
                    
 The following is a list of all
software which the Borrower sells, distributes or licenses to others, which is not registered with the United States Copyright Office. (Please include versions which are not
registered:                                      
                                        
                        
                                       
                                        
                                        
                                        
                                        
                                        
                    
 The following is a list of all of
the Borrower’s patents which are registered with the United States Patent Office. (Please include name of the patent and registration number and attach a copy of the registration.):
                                        
                                        
                                 
 The following is a list of all of the Borrower’s patents which are pending with the United States Patent Office. (Please include name of the patent and a copy of
the
application.):                                     
                                        
                                        
                        
 The
following is a list of all of the Borrower’s registered trademarks. (Please include name of the trademark and a copy of the registration.):
                                        
                                        
                                        
                                        
                             
 Borrower is not subject to litigation which would have a material adverse effect on the Borrower’s financial condition, except the following (attach additional comments, if
needed):                                      
                                        
                                        
           
 Tax ID Number                                  
                                        
                                        
                                        
                                        
                                  
 Organizational Number, if any:                               
                                        
                                        
                                        
                                        
       
  

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