Document:

Sixth Loan Modification Agreement, dated as of October 15, 2009

 Exhibit 10.1 
 SIXTH LOAN MODIFICATION AGREEMENT 
 This Sixth Loan
Modification Agreement (this “Loan Modification Agreement”) is entered into as of October 15, 2009, by and between SILICON VALLEY BANK, a California corporation, with its principal place of business at 3003 Tasman Drive, Santa
Clara, California 95054 and with a loan production office located at One Newton Executive Park, Suite 200, 2221 Washington Street, Newton, Massachusetts 02462 (FAX 617-969-5965) (“Bank”) and SALARY.COM, INC., a Delaware corporation
with offices at 195 West Street, Waltham, Massachusetts 02451 (“Borrower”). 
 1. DESCRIPTION OF EXISTING INDEBTEDNESS AND
OBLIGATIONS. Among other indebtedness and obligations which may be owing by Borrower to Bank, Borrower is indebted to Bank pursuant to a loan arrangement dated as of August 10, 2006, evidenced by, among other documents, a certain Loan and
Security Agreement dated as of August 10, 2006, as affected by a certain Waiver Agreement dated as of June 8, 2008, between Borrower and Bank (the “Waiver Agreement”), as amended by a certain First Loan Modification Agreement
dated as of August 8, 2008, between Borrower and Bank, as further amended by a certain Second Loan Modification Agreement dated as of September 17, 2008, between Borrower and Bank, as further amended by a certain Third Loan Modification
Agreement dated as of October 8, 2008, as amended by a certain Fourth Loan Modification Agreement dated as of March 16, 2009, and as further amended by a certain Fifth Loan Modification Agreement dated as of June 29, 2009, between
Borrower and Bank (as amended from time to time, the “Loan Agreement”). Capitalized terms used but not otherwise defined herein shall have the same meaning as in the Loan Agreement. 
 2. DESCRIPTION OF COLLATERAL. Repayment of the Obligations is secured by the Collateral as described in the Loan Agreement (together with any
other collateral security granted to Bank, the “Security Documents”). Hereinafter, the Security Documents, together with all other documents evidencing or securing the Obligations shall be referred to as the “Existing Loan
Documents”. 
 3. DESCRIPTION OF CHANGE IN TERMS. 
  

	 	A.	Modifications to Loan Agreement. 

  

	 	1	The Loan Agreement shall be amended by deleting the following text, appearing in Section 2.3(a) thereof: 

 “ (i) Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest
at a floating per annum rate equal to (A) for times when Borrower is not Stage 1 Eligible, one half of one percentage point (0.50%) above the Prime Rate, or (B) for times when Borrower is Stage 1 Eligible, the Prime Rate, which interest
shall be payable monthly in accordance with Section 2.3(f) below.” 
 and inserting in lieu thereof the following:

 “ (i) Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall
accrue interest at a floating per annum rate equal to (A) for times when Borrower is not Stage 1 Eligible, one half of one percentage point (0.50%) above the Prime Rate, or (B) for times when Borrower is Stage 1 Eligible, the Prime Rate,
which interest shall be payable monthly in accordance with Section 2.3(f) below. Commencing as of the 2009 Effective Date and subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a
floating per annum rate equal to one half of one percentage point (0.50%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.3(f) below.” 
  

 1 

	 	2	The Loan Agreement shall be amended by deleting the following appearing as Section 5.3 thereof: 

 “ “5.3 Accounts Receivable. For any Eligible Account in any Borrowing Base Certificate, all statements made and all unpaid
balances appearing in all invoices, instruments and other documents evidencing such Eligible 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 Eligible Account shall comply in all material respects with all applicable laws and governmental rules and regulations. Borrower has no knowledge of
any actual or imminent Insolvency Proceeding of any Account Debtor whose accounts are an Eligible Account in any Borrowing Base Certificate. To Borrower’s knowledge, all signatures and endorsements on all documents, instruments, and agreements
relating to all Eligible Accounts are genuine, and all such documents, instruments and agreements are legally enforceable in accordance with their terms.” 
 and inserting in lieu thereof the following: 
 “ “5.3 Intentionally
Omitted.” 
  

	 	3	The Loan Agreement shall be amended by deleting the following appearing as Section 6.2 thereof: 

 “ “6.2 Financial Statements, Reports, Certificates. 
 (a) Deliver to Bank: (i) as soon as available, but no later than (A) thirty (30) days after the last day of
each month that is not the last month in a fiscal quarter of Borrower, or (B) forty-five (45) days after the last day of each month that is the last month in a fiscal quarter of Borrower (or, if Borrower is Stage 1 Eligible, no later than
forty-five (45) days after the last day of each quarter), a company prepared consolidated and consolidating balance sheet and income statement covering Borrower’s consolidated and consolidating operations during the period certified by a
Responsible Officer and in a form acceptable to Bank; (ii) as soon as available, but no later than one hundred twenty (120) days after the last day of Borrower’s fiscal year, audited consolidated financial statements prepared under
GAAP, consistently applied, together with an unqualified opinion on the financial statements from Grant Thornton LLP or another independent certified public accounting firm of national reputation or otherwise acceptable to Bank in its reasonable
discretion; (iii) within five (5) days of delivery, copies of all statements, reports and notices made available to Borrower’s security holders or to any holders of Subordinated Debt; (iv) in the event that Borrower becomes
subject to the reporting requirements under the Securities Exchange Act of 1934, as amended, within five (5) days of 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; (v) a prompt report of any legal actions pending or threatened against Borrower or any of its Subsidiaries that could reasonably be expected to result in damages or costs to Borrower or any of
its Subsidiaries of

  

 2 

 
Two Hundred Fifty Thousand Dollars ($250,000.00) or more; (vi) annually, and as may otherwise be reasonably requested by Bank, Board-approved financial projections no later than sixty
(60) days after Borrower’s fiscal year end (and any amendments thereto approved by Borrower’s Board); and (vii) budgets, sales projections, operating plans and other financial information reasonably requested by Bank. 

(b) Within (i) thirty (30) days after the last day of each month that is not the last month in a fiscal quarter
of Borrower, or (ii) forty-five (45) days after the last day of each month that is the last month in a fiscal quarter of Borrower, so long as Borrower is not Stage 1 Eligible, and immediately at such time as when Borrower is not Stage 1
Eligible, deliver to Bank (i) a duly completed Borrowing Base Certificate signed by a Responsible Officer, with aged listings of accounts receivable and accounts payable (by invoice date), and (ii) a future billings report in form
acceptable to Bank in its sole discretion which lists the amounts that will be billed by Borrower within the next one hundred twenty (120) days (from the applicable month end) and the contracts and invoices (including the date the bill will be
sent) in connection with such billings. 
 (c) Within (i) thirty (30) days after the last day of each
month that is not the last month in a fiscal quarter of Borrower, or (ii) forty-five (45) days after the last day of each month that is the last month in a fiscal quarter of Borrower, so long as Borrower is not Stage 1 Eligible, and
immediately at such time as when Borrower is not Stage 1 Eligible, deliver to Bank with the monthly financial statements, a duly completed Compliance Certificate signed by a Responsible Officer setting forth calculations showing compliance with the
financial covenants set forth in this Agreement. 
 (d) Intentionally omitted. 
 (e) So long as Borrower is not Stage 1 Eligible, permit Bank to audit Borrower’s Collateral at Borrower’s expense.
Such audits shall be conducted no more often than twice every twelve (12) months unless a Default or an Event of Default has occurred and is continuing. The foregoing 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 out-of-pocket expenses.” 
 and inserting in lieu thereof the following: 
 “ “6.2 Financial
Statements, Reports, Certificates. 
 (a) Deliver to Bank: (i) as soon as available, but no later than
(A) thirty (30) days after the last day of each month that is not the last month in a fiscal quarter of Borrower, or (B) forty-five (45) days after the last day of each month that is the last month in a fiscal quarter of
Borrower, a company prepared consolidated and consolidating balance sheet and income statement covering Borrower’s consolidated and consolidating operations during the period certified by a Responsible Officer and in a form acceptable to Bank;
(ii) as soon as available, but no later than one hundred twenty (120) days after the last day of Borrower’s fiscal year, audited consolidated financial statements prepared under GAAP, consistently applied, together with an unqualified
opinion on the financial statements from Grant Thornton LLP or another independent certified

  

 3 

 
public accounting firm of national reputation or otherwise acceptable to Bank in its reasonable discretion; (iii) within five (5) days of delivery, copies of all statements, reports and
notices made available to Borrower’s security holders or to any holders of Subordinated Debt; (iv) in the event that Borrower becomes subject to the reporting requirements under the Securities Exchange Act of 1934, as amended, within five
(5) days of 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; (v) a prompt report of any legal actions pending or
threatened against Borrower or any of its Subsidiaries that could reasonably be expected to result in damages or costs to Borrower or any of its Subsidiaries of Two Hundred Fifty Thousand Dollars ($250,000.00) or more; (vi) annually, and as may
otherwise be reasonably requested by Bank, Board-approved financial projections no later than sixty (60) days after Borrower’s fiscal year end (and any amendments thereto approved by Borrower’s Board); and (vii) budgets, sales
projections, operating plans and other financial information reasonably requested by Bank. 
 (b) Within
forty-five (45) days after the last day of each quarter of Borrower, deliver to Bank aged listings of accounts receivable (by invoice date). 
 (c) Within (i) thirty (30) days after the last day of each month that is not the last month in a fiscal quarter of Borrower, or (ii) forty-five (45) days after the last day of each
month that is the last month in a fiscal quarter of Borrower, deliver to Bank with the monthly financial statements, a duly completed Compliance Certificate signed by a Responsible Officer setting forth calculations showing compliance with the
financial covenants set forth in this Agreement. 
 (d) Permit Bank to audit Borrower’s Collateral at
Borrower’s expense. Such audits shall be conducted no more often than twice every twelve (12) months unless a Default or an Event of Default has occurred and is continuing. The foregoing audits shall be at Borrower’s expense, and the
charge therefor shall be $850 per person per day (or such higher amount as shall represent Bank’s then-current standard charge for the same), plus out-of-pocket expenses.” 
  

	 	4	The Loan Agreement shall be amended by deleting the following, appearing as Section 6.7 thereof: 

 “ 6.7 Financial Covenants. 
 For any time at which Borrower is not Stage 1 Eligible, Borrower shall maintain at all such times, to be tested as of the last day of each month, unless otherwise noted: 
 (a) Liquidity. Borrower’s unrestricted cash and cash equivalents at Bank or Bank’s affiliates plus the
Committed Availability of at least Fifteen Million Dollars ($15,000,000.00). The financial covenant set forth in this Section 6.7(a) shall be tested with respect to Borrower (including any entity subsequently added as a “Borrower”
hereunder), Salary.com Securities Corporation, and Genesys Software Systems, Inc. together. 
 (b) Adjusted
EBITDA. Adjusted EBITDA for the three-month period ending on the last day of each month of at least: (i) ($1,300,000.00) for

  

 4 

 
the three-month period ending June 30, 2009; (ii) ($1,100,000.00) for the three-month period ending July 31, 2009; (iii) ($1,000,000.00) for the three-month period ending
August 31, 2009; (iv) ($500,000.00) for the three-month period ending September 30, 2009; (v) ($250,000.00) for the three-month periods ending October 31, 2009 and November 30, 2009; (vi) $1,000,000.00 for the
three-month period ending December 31, 2009; (vii) $0.00 for the three-month periods ending January 31, 2010 and February 28, 2010; (viii) ($700,000.00) for the three-month period ending March 31, 2010;
(ix) ($500,000.00) for the three-month period ending April 30, 2010; (x) $0.00 for the three-month period ending May 31, 2010; (xi) $300,000.00 for the three-month period ending June 30, 2010; and (xii) $500,000.00
for the three-month periods ending July 31, 2010, August 31, 2010, September 30, 2010 and October 31, 2010. The financial covenant set forth in this Section 6.7(b) shall be tested on a consolidated basis with
respect to Borrower and its Subsidiaries together.” 
 and inserting in lieu thereof the following: 
 “ 6.7 Financial Covenants. Borrower shall maintain at all such times, to be tested as of the last day of each month: 

(a) Adjusted Quick Ratio. Commencing with the month ending August 31, 2009, and as of the last day of each
month thereafter, an Adjusted Quick Ratio of at least 1.40 to 1.0.” 
  

	 	5	The Loan Agreement shall be amended by deleting the following, appearing as Section 7.7 thereof: 

 “ 7.7 Distributions; Investments. (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, except that Borrower may repurchase its stock 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 repurchases do not exceed in the aggregate of Two Million Two Hundred Fifty Thousand Dollars ($2,250,000.00) per fiscal year.” 

and inserting in lieu thereof the following: 
 “ 7.7 Distributions; Investments. (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, except that Borrower may repurchase its stock 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 repurchases do not, at any time, exceed the aggregate of: (i) prior to the 2009 Effective Date, Two Million Two Hundred Fifty Thousand Dollars ($2,250,000.00) per fiscal year ; and (ii) after
the 2009 Effective Date, Two Million Five Hundred Thousand Dollars ($2,500,000.00) for any rolling twelve (12) month period commencing as of the 2009 Effective Date.” 
  

 5 

	 	6	The Loan Agreement shall be amended by deleting the following definitions, appearing in Section 13.1 thereof: 

 “ “Availability Amount” is (a) when Borrower is Stage 1 Eligible, (i) the Revolving Line minus (ii) the
amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit) plus an amount equal to the Letter of Credit Reserves, minus (iii) the FX Reserve, and minus (iv) the outstanding principal balance of any
Advances (including any amounts used for Cash Management Services), or (b) when Borrower is not Stage 1 Eligible, (i) the lesser of (A) the Revolving Line, or (B) the Borrowing Base minus (ii) the amount of all outstanding
Letters of Credit (including drawn but unreimbursed Letters of Credit) plus an amount equal to the Letter of Credit Reserves, minus (iii) the FX Reserve, and minus (iv) the outstanding principal balance of any Advances (including any
amounts used for Cash Management Services).” 
 “ “Revolving Line” is an Advance or Advances in an
aggregate amount of up to Ten Million Dollars ($10,000,000.00) outstanding at any time.” 
 and inserting in lieu thereof
the following: 
 “ “Availability Amount” is the Revolving Line, minus (i) the amount of all
outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit) plus an amount equal to the Letter of Credit Reserves, minus (ii) the FX Reserve, and minus (iii) the outstanding principal balance of any Advances
(including any amounts used for Cash Management Services).” 
 “ “Revolving Line” is the lesser of
(A) an Advance or Advances in an aggregate amount of up to Five Million Dollars ($5,000,000.00) outstanding at any time, and (B) the Maximum Amount set forth below based upon the unrestricted and unencumbered cash at Bank, at any time.

  

				
	 Unrestricted and unencumbered Cash at Bank
	  	Maximum Amount
		
	 Less than $6,000,000.00
	  	$	0.00
		
	 Equal to or greater than $6,000,000.00
 but less than $7,000,000.00
	  	$	1,000,000.00
		
	 Equal to or greater than $7,000,000.00
 but less than $8,000,000.00
	  	$	2,000,000.00
		
	 Equal to or greater than $8,000,000.00
 but less than $9,000,000.00
	  	$	3,000,000.00
		
	 Equal to or greater than $9,000,000.00
 but less than $10,000,000.00
	  	$	4,000,000.00
		
	 Equal to or greater than $10,000,000.00
	  	$	5,000,000.00”

  

	 	7	The Loan Agreement shall be amended by deleting the definitions of “Borrowing Base” “Eligible Accounts” and “Stage 1
Eligible” appearing in Section 13.1 thereof. 

  

 6 

	 	8	The Loan Agreement shall be amended by inserting the following new definitions, appearing alphabetically in Section 13.1 thereof: 

 “ “2009 Effective Date” is October             ,
2009.” 
 “ “Adjusted Quick Ratio” is the ratio of (a) Quick Assets to (b) Current
Liabilities minus the current portion of Deferred Revenue.” 
 “ “Current Liabilities” are all
obligations and liabilities of Borrower to Bank, plus, without duplication, the aggregate amount of Borrower’s Total Liabilities that mature within one (1) year.” 
 “ “Quick Assets” is, on any date, Borrower’s unrestricted domestic cash (excluding segregated client owned funds
held by Borrower), plus net billed accounts receivable.” 
 “ “Total Liabilities” is on any day,
obligations that should, under GAAP, be classified as liabilities on Borrower’s consolidated balance sheet, including all Indebtedness (excluding segregated client owned funds held by Borrower and excluded from Quick Assets) but excluding all
other Subordinated Debt.” 
  

	 	9	The Borrowing Base Certificate appearing as Exhibit C to the Loan Agreement is hereby deleted in its entirety. 

  

	 	10	The Compliance Certificate appearing as Exhibit D to the Loan Agreement is hereby deleted in its entirety and replaced with the Compliance Certificate
attached as Schedule 1 hereto. 

  

	 	B.	Waiver. Bank hereby waives Borrower’s existing default under the Loan Agreement by virtue of Borrower’s failure to comply with the: (i) Liquidity
financial covenant set forth in Section 6.7(a) of the Loan Agreement (as required prior to this Loan Modification Agreement) as of September 11, 2009, and through and including September 18, 2009, and (ii) Adjusted EBITDA
financial covenant set forth in Section 6.7(b) of the Loan Agreement (as required prior to this Loan Modification Agreement) as of the month ending August 31, 2009. Bank’s waiver of Borrower’s compliance with such covenant shall
apply only to the foregoing specific period. 

 4. FEES. Borrower shall also reimburse Bank for all legal fees and expenses
incurred in connection with this amendment to the Existing Loan Documents. 
 5. PERFECTION CERTIFICATE. Borrower hereby ratifies,
confirms and reaffirms, all and singular, the terms and disclosures contained in a certain Perfection Certificate dated as of June 29, 2009, between Borrower and Bank, and acknowledges, confirms and agrees the disclosures and information
Borrower provided to Bank in the Perfection Certificate has not changed, as of the date hereof. 
 6. CONSISTENT CHANGES. The Existing
Loan Documents are hereby amended wherever necessary to reflect the changes described above. 
 7. RATIFICATION OF LOAN DOCUMENTS.
Borrower hereby ratifies, confirms, and reaffirms all terms and conditions of all security or other collateral granted to the Bank, and confirms that the indebtedness secured thereby includes, without limitation, the Obligations. 
 8. NO DEFENSES OF BORROWER. Borrower hereby acknowledges and agrees that Borrower has no offsets, defenses, claims, or counterclaims against Bank
with respect to the Obligations, or otherwise, and that if

  

 7 

 
Borrower now has, or ever did have, any offsets, defenses, claims, or counterclaims against Bank, whether known or unknown, at law or in equity, all of them are hereby expressly WAIVED and
Borrower hereby RELEASES Bank from any liability thereunder. 
 9. CONTINUING VALIDITY. Borrower understands and agrees that in modifying
the existing Obligations, Bank is relying upon Borrower’s representations, warranties, and agreements, as set forth in the Existing Loan Documents. Except as expressly modified pursuant to this Loan Modification Agreement, the terms of the
Existing Loan Documents remain unchanged and in full force and effect. Bank’s agreement to modifications to the existing Obligations pursuant to this Loan Modification Agreement in no way shall obligate Bank to make any future modifications to
the Obligations. Nothing in this Loan Modification Agreement shall constitute a satisfaction of the Obligations. It is the intention of Bank and Borrower to retain as liable parties all makers of Existing Loan Documents, unless the party is
expressly released by Bank in writing. No maker will be released by virtue of this Loan Modification Agreement. 
 10. COUNTERSIGNATURE.
This Loan Modification Agreement shall become effective only when it shall have been executed by Borrower and Bank. 
 [The
remainder of this page is intentionally left blank] 
  

 8 

 This Loan Modification Agreement is executed as a sealed instrument under the laws of the
Commonwealth of Massachusetts as of the date first written above. 
  

									
	BORROWER:	 		 	BANK:
			
	SALARY.COM, INC.	 		 	SILICON VALLEY BANK
					
	By:	 	 /S/ BRYCE A. CHICOYNE
	 		 	By:	 	 /S/ LARISA B. CHILTON

					
	Name:	 	 Bryce A. Chicoyne
	 		 	Name:	 	 Larisa B. Chilton

					
	Title:	 	 CFO
	 		 	Title:	 	 Vice-President

 The undersigned, SALARY.COM JAMAICA LIMITED (“Salary.com Jamaica
Guarantor”) hereby ratifies, confirms and reaffirms, all and singular, the terms and conditions of a certain Unconditional Guaranty (the “Guaranty”) dated as of December 19, 2008, executed and delivered by Salary.com Jamaica
Guarantor, pursuant to which Salary.com Jamaica Guarantor unconditionally guaranteed the prompt, punctual and faithful payment and performance of all Obligations of Borrower to Bank. In addition, Salary.com Jamaica Guarantor acknowledges, confirms
and agrees that the Guaranty shall remain in full force and effect and shall in no way be limited by the execution of this Loan Modification Agreement, or any other documents, instruments and/or agreements executed and/or delivered in connection
herewith. 
  

			
	SALARY.COM JAMAICA LIMITED
		
	 By:
	 	 /S/ NICHOLAS CAMELIO

	 Name:
	 	 Nicholas Camelio

	 Title:
	 	 Secretary

 The undersigned, SALARY.COM SECURITIES CORPORATION (“Salary.com Securities
Guarantor”) hereby ratifies, confirms and reaffirms, all and singular, the terms and conditions of (a) a certain Unconditional Guaranty (the “Guaranty”) dated as of October 8, 2008, executed and delivered by Salary.com
Securities Guarantor, pursuant to which Salary.com Securities Guarantor unconditionally guaranteed the prompt, punctual and faithful payment and performance of all Obligations of Borrower to Bank, and (b) a certain Security Agreement (the
“Security Agreement”) dated as of October 8, 2008, between Salary.com Securities Guarantor and Bank, pursuant to which Salary.com Securities Guarantor granted Bank a continuing first priority security interest in the Collateral (as
the term is defined therein) to secure the payment and performance of the Obligations under the Guaranty in accordance with the terms of the Security Agreement. In addition, Salary.com Securities Guarantor acknowledges, confirms and agrees that the
Guaranty and Security Agreement shall remain in full force and effect and shall in no way be limited by the execution of this Loan Modification Agreement, or any other documents, instruments and/or agreements executed and/or delivered in connection
herewith. 
  

			
	SALARY.COM SECURITIES CORPORATION
		
	 By:
	 	 /S/ BRYCE A. CHICOYNE

	 Name:
	 	 Bryce A. Chicoyne

	 Title:
	 	 Treasurer

  

 9 

 The undersigned, GENESYS SOFTWARE SYSTEMS, INC. (“Genesys Software Systems
Guarantor”) hereby ratifies, confirms and reaffirms, all and singular, the terms and conditions of (a) a certain Unconditional Guaranty (the “Guaranty”) dated as of March 16, 2009, executed and delivered by Genesys Software
Systems Guarantor, pursuant to which Genesys Software Systems Guarantor unconditionally guaranteed the prompt, punctual and faithful payment and performance of all Obligations of Borrower to Bank, and (b) a certain Security Agreement (the
“Security Agreement”) dated March 16, 2009, between Borrower and Bank, pursuant to which Genesys Software Systems Guarantor granted Bank a continuing first priority security interest in the Collateral (as the term is defined therein)
to secure the payment and performance of the Obligations under the Guaranty in accordance with the terms of the Security Agreement. In addition, Genesys Software Systems Guarantor acknowledges, confirms and agrees that the Guaranty and Security
Agreement shall remain in full force and effect and shall in no way be limited by the execution of this Loan Modification Agreement, or any other documents, instruments and/or agreements executed and/or delivered in connection herewith. 

 

			
	GENESYS SOFTWARE SYSTEMS, INC.
		
	 By:
	 	 /S/ BRYCE A. CHICOYNE

	 Name:
	 	 Bryce A. Chicoyne

	 Title:
	 	 Treasurer

  

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 Schedule 1 
 EXHIBIT D 
 COMPLIANCE CERTIFICATE

  

											
	TO:	 	SILICON VALLEY BANK	 		 		 	Date:	 	  

	FROM:	 	SALARY.COM, INC.	 		 		 		 	

 The undersigned authorized officer of Salary.com, Inc. (“Borrower”)
certifies that under the terms and conditions of the Loan and Security Agreement between Borrower and Bank (as amended, the “Agreement”), (1) Borrower is in compliance for the period ending
                     with all required covenants except as noted below, (2) there are no Events of Default, (3) all representations and
warranties in the Agreement are true and correct in all material respects on this date except as noted below; 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, (4) Borrower,
and each of its Subsidiaries, has timely filed or has validly extended all required tax returns and reports, and Borrower has timely paid all foreign, federal, state and local taxes, assessments, deposits and contributions owed by Borrower except as
otherwise permitted pursuant to the terms of Section 5.9 of the Agreement, and (5) no Liens have been levied or claims made against Borrower or any of its Subsidiaries relating to unpaid employee payroll or benefits of which Borrower has
not previously provided written notification to Bank. Attached are the required documents supporting the certification. The undersigned certifies that these are prepared in accordance with generally GAAP consistently applied from one period to the
next except as explained in an accompanying letter or footnotes. The undersigned 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. Capitalized terms used but not otherwise defined herein shall have the meanings given them in the Agreement. 
 Please indicate compliance status by circling Yes/No under “Complies” column. 
  

					
	 Reporting Covenant
	 	 Required
	 	 Complies

			
	Monthly financial statements with Compliance Certificate	 	Monthly within 30/45 days	 	Yes No
			
	Annual financial statements (CPA Audited)	 	FYE within 120 days	 	Yes No
			
	10-Q, 10-K and 8-K	 	Within 5 days after filing with SEC	 	Yes No
			
	A/R	 	Quarterly within 45 days	 	Yes No
			
	Board Projections	 	FYE within 60 days, and as updated	 	Yes No

  

							
	 Financial Covenant
	  	 Required
	  	 Actual
	  	 Complies

				
	 Maintain on a Monthly Basis:
	  		  		  	
				
	 Adjusted Quick Ratio
	  	1.40:1.0	  	        :1.0	  	Yes    No

  

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 The following financial covenant analyses and information set forth in Schedule 1 attached
hereto are true and accurate as of the date of this Certificate. 
 The following are the exceptions with respect to the
certification above: (If no exceptions exist, state “No exceptions to note.”) 
  
  
  
  
  
  
  

									
		 	Salary.com, Inc.	 		 	BANK USE ONLY
					
		 		 		 	Received by:	 	  

		 		 		 		 	AUTHORIZED SIGNER
	 By:
	 	  
	 		 	Date:	 	  

	 Name:
	 	  
	 		 		 	
	 Title:
	 	  
	 		 	Verified:	 	  

		 		 		 		 	AUTHORIZED SIGNER
		 		 		 	Date:	 	  

				
		 		 		 	Compliance Status:            Yes    No

  

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 Schedule 1 to Compliance Certificate 
 Financial Covenants of Borrower 
 Dated:                              
 In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Agreement shall control. 
  

					
	I.	 	I.	 	Adjusted Quick Ratio (Section 6.7(a))
			
	Required:	 		 	>1.40:1.00

  
 Actual: 
  

						
	 A.    
	  	 Aggregate value of the unrestricted domestic cash of Borrower (excluding client funds held by
Borrower)
  
	  	$	            

	 B.
	  	 Aggregate value of the net billed accounts receivable of Borrower
  
	  	$	            

	 C.
	  	 Quick Assets (the sum of lines A through B)
  
	  	$	            

	 D.
	  	 Aggregate value of Obligations to Bank
  
	  	$	            

	 E.
	  	 Aggregate value of liabilities that should, under GAAP, be classified as liabilities on
Borrower’s consolidated balance sheet, including all Indebtedness, (excluding client funds held by Borrower and excluded from Quick Assets) and current portion of Subordinated Debt permitted by Bank to be paid by Borrower, and not otherwise
reflected in line D above that matures within one (1) year
  
	  	$	            

	 F.
	  	 Current Liabilities (the sum of lines D and E)
  
	  	$	            

	 G.
	  	 Aggregate value of all amounts received or invoiced by Borrower in advance of performance under
contracts and not yet recognized as revenue
  
	  	$	            

	 H.
	  	 Line F minus line G
  
	  	$	            

	 I.
	  	 Adjusted Quick Ratio (line C divided by line H)
  
	  	  
  
	  
               

  

			
	              No, not in compliance
	 	             Yes, in compliance

  

 13Private Placement Purchase Agreement

 Exhibit 10.1 
 STOCK PURCHASE AGREEMENT 
 This STOCK PURCHASE
AGREEMENT (this “Agreement”) is made and entered into as of September 23, 2009, by and among Colony Financial, Inc., a Maryland corporation (the “Company”), and the undersigned Investor (the
“Investor”). 
 WHEREAS, the Investor has a substantive, pre-existing relationship with the Company;

 WHEREAS, the Company has filed a registration statement on Form S-11 (the “Registration Statement”)
with the Securities and Exchange Commission (“SEC”), in connection with the Company’s proposed initial public offering (the “IPO”) of shares of the Company’s common stock, par value $0.01 per share (the
“Common Stock”); 
 WHEREAS, concurrently with the completion of the IPO, the Company desires to issue
and sell to the Investor, and the Investor desires to purchase from the Company in a private placement, upon the terms and conditions set forth in this Agreement, such number of shares of the Company’s unregistered Common Stock as provided in
this Agreement (the “Shares”); and 
 WHEREAS, such purchase and sale of the Shares shall occur
concurrently with, and be conditioned on, the closing of the IPO. 
 NOW, THEREFORE, in consideration of the foregoing
and the mutual covenants, agreements and warranties herein contained, the parties hereby agree as follows: 
  

	1.	PURCHASE OF SHARES 

 Subject to the terms and conditions of this Agreement, the Company agrees to issue and sell to the Investor at the Closing, and the Investor agrees to purchase at the Closing, that number of Shares calculated by dividing the aggregate
purchase price set forth opposite the Investor’s name on Exhibit A hereto (the “Purchase Price”) by the Per Share Price (rounded to the nearest whole share). The “Per Share Price” shall be equal to the
Price to Public set forth on the cover page of the final prospectus relating to the IPO. 
  

	2.	CLOSING 

  

	 	2.1.	Closing 

 Upon the terms
and subject to the satisfaction or waiver of all of the conditions to closing set forth in this Agreement, the closing (the “Closing”) of the purchase and sale of the Shares shall take place at the offices of Hogan &
Hartson L.L.P., 555 Thirteenth Street, N.W., Washington, D.C. 20004, or at such other location as the Company and the Investor may mutually agree upon. The Closing shall take place concurrently with, and shall be subject to the closing of, the IPO.

  

	 	2.2.	Closing Deliveries 

 (a)
Deliveries by the Investor. At the Closing, the Investor shall deliver to the Company the following: 
 (i) the Purchase Price, by wire transfer of immediately available funds to the account designated in writing to the Investor by the Company for such purpose; 

 (ii) a registration rights agreement in substantially the form attached
hereto as Exhibit B (the “Registration Rights Agreement”), duly executed by the Investor; and 
 (iii) a lock-up agreement between the Investor and the Company’s IPO underwriters (the “Underwriters”), in the form satisfactory to the Underwriters, duly executed by the Investor.

 (b) Deliveries by the Company. At the Closing, the Company shall deliver to the Investor the following: 
 (i) a stock certificate evidencing the Shares (the “Share Certificate”) registered in the name of the
Investor; and 
 (ii) the Registration Rights Agreement, duly executed by the Company. 
  

	3.	COMPANY REPRESENTATIONS AND WARRANTIES 

 The Company hereby represents and warrants to the Investor that: 
  

	 	3.1.	Organization and Standing 

 The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Maryland and has all requisite corporate power and authority to own, lease and operate its assets and properties, to carry on
its business as presently conducted, to execute and deliver this Agreement and to carry out the transactions contemplated hereby. 
  

	 	3.2.	Authorization 

 The
execution, delivery and performance of this Agreement by the Company, the fulfillment of and compliance with the respective terms and provisions hereof, and the consummation of the transactions contemplated hereby have been duly and validly
authorized by all necessary corporate action on the part of the Company (none of which actions have been modified or rescinded, and all of which actions are in full force and effect). When executed by the Company, this Agreement will constitute a
valid and legally binding obligation of the Company, enforceable in accordance with its terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting creditors’
rights generally or by general equitable principles. 
  

	 	3.3.	Title to Shares 

 The
Shares have been duly authorized and, upon payment by the Investor of the Purchase Price and delivery by the Company to the Investor of the Share Certificate pursuant to the terms hereof, the Shares will be validly issued and fully paid and
nonassessable, and the Investor will acquire good and marketable title thereto, free and clear of all mortgages, liens, pledges, charges, claims, security interests and other encumbrances (other than any restrictions created by the Investor or any
restrictions created by federal or state securities laws). 
  

	 	3.4.	Non-Contravention 

 The
issuance and sale by the Company of the Shares does not conflict with the articles of incorporation or bylaws of the Company or any material contract by which the Company or its property is bound, or any federal or state laws or regulations or
decree, ruling or judgment of any United States or state court applicable to the Company or its property. 
  

 2 

	 	3.5.	Non-Solicitation 

 The
Investor has a substantive, pre-existing relationship with the Company and (i) was not contacted by the Company or its representatives for the purpose of investing in any securities of the Company offered hereby through any advertisement,
article, notice or any other communication published in any newspaper, magazine or similar media or broadcast over television or radio, or any seminar or meeting whose attendees were invited by any general advertising, (ii) was not identified
or contacted through the marketing of the IPO, (iii) did not independently contact the Company as a result of the Registration Statement and (iv) the Shares were not offered or sold to the Investor by any form of general solicitation or
general advertising. 
  

	4.	INVESTOR REPRESENTATIONS AND WARRANTIES 

 The Investor hereby represents and warrants to the Company that: 
  

	 	4.1.	Organization and Standing; Legal Capacity 

 If the Investor is a partnership, corporation, trust or other entity or association (an “Entity”), the Investor is duly organized, validly existing and in good standing under the laws of
the jurisdiction of its organization or formation and has all requisite power and authority to own, lease and operate its assets and properties, to carry on its business as presently conducted, to execute and deliver this Agreement and to carry out
the transactions contemplated hereby. If the Investor is a natural person, the Investor has the full and unrestricted legal capacity to execute and deliver this Agreement and to carry out the transactions contemplated hereby. 
  

	 	4.2.	Authorization; Binding Obligation 

 If the Investor is an Entity, the execution, delivery and performance of this Agreement by the Investor, the fulfillment of and the compliance with the respective terms and provisions hereof, and the due consummation of the transactions
contemplated hereby have been duly and validly authorized by all necessary corporate or other action on the part of the Investor (none of which actions have been modified or rescinded, and all of which actions are in full force and effect). When
executed by the Investor, this Agreement will constitute a valid and binding obligation of the Investor, enforceable in accordance with its terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other
similar laws relating to or affecting creditors’ rights generally or by general equitable principles. 
  

	 	4.3.	Non-Contravention 

 The
purchase by the Investor of the Shares does not conflict with the organizational documents of the Investor or with any material contract by which the Investor or its property is bound, if the Investor is an Entity, or any laws or regulations or
decree, ruling or judgment of any court applicable to the Investor or the Investor’s property. 
  

	 	4.4.	Purchase Entirely for Own Account 

 The Shares to be received by the Investor will be acquired for investment for the Investor’s own account, not as a nominee or agent, and not with a view to the resale or distribution of any part thereof, and the Investor has no present
intention of selling, granting any participation in, or

  

 3 

 
otherwise distributing the same. The Investor does not have any contract, undertaking, agreement or arrangement with any person to sell, transfer or grant participations to such person or to any
third person, with respect to any of the Shares to be received by the Investor. 
  

	 	4.5.	Investment Experience and Access to Information 

 (a) The Investor can bear the economic risk of the investment and has such knowledge and experience in financial or business matters that the Investor is capable of evaluating the merits and risks of the
investment in the Shares. If the Investor is an Entity, the Investor also represents it has not been organized solely for the purpose of acquiring the Shares. 
 (b) The Investor has been furnished all information the Investor considers necessary or appropriate for deciding whether to purchase the Shares. The Investor has had adequate opportunity to ask questions
of, and receive answers from, the officers, employees, agents, accountants and representatives of the Company regarding the business, operations, financial condition, assets and liabilities of the Company and the terms and conditions of the offering
of the Shares. 
  

	 	4.6.	Restricted Shares 

 The
Investor understands and acknowledges that the Shares being acquired pursuant hereto are characterized as “restricted securities” under the federal securities laws inasmuch as they are being acquired from the Company in a transaction not
involving a public offering and that under such laws and applicable regulations such securities may not be resold without registration under the Securities Act of 1933, as amended (the “Securities Act”), except in certain limited
circumstances. The Investor is familiar with Rule 144 promulgated under the Securities Act, as presently in effect, and understands the resale limitations imposed thereby and by the Securities Act. 
  

	 	4.7.	Legends 

 The Investor
understands and acknowledges that the Shares, and any securities issued in respect of or in exchange for the Shares, may bear one or all of the following legends (in addition to any other legend which may be required by other arrangements between
the parties hereto): 
 (a) “THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED, OR APPLICABLE STATE LAWS, AND MAY NOT BE OFFERED, SOLD, ASSIGNED, PLEDGED, TRANSFERRED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION
FROM REGISTRATION UNDER THE SECURITIES ACT AND, IF REQUESTED BY THE COMPANY, UPON DELIVERY OF AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY THAT THE PROPOSED TRANSFER IS EXEMPT FROM THE SECURITIES ACT.” 
 (b) Any legend required by the securities laws of any state to the extent such laws are applicable to the Shares represented by the
certificate so legended. 
  

	 	4.8.	Accredited Investor 

 The
Investor (i) has furnished true and complete information on the investor certificate attached hereto as Exhibit C (the “Investor Certificate”) and (ii) is an “accredited investor” as that term is defined
in Rule 501(a) of Regulation D promulgated under the Securities Act. The Investor is aware that the Company is relying upon the representations, warranties and agreements contained in this Agreement

  

 4 

 
and the Investor Certificate for the purpose of determining whether this transaction meets the requirements of the exemption from the registration requirements of the Securities Act and any
applicable state securities laws. 
  

	 	4.9.	Non-Solicitation 

 The
Investor has a substantive, pre-existing relationship with the Company and (i) was not contacted by the Company or its representatives for the purpose of investing in any securities of the Company offered hereby through any advertisement,
article, notice or any other communication published in any newspaper, magazine or similar media or broadcast over television or radio, or any seminar or meeting whose attendees were invited by any general advertising, (ii) was not identified
or contacted through the marketing of the IPO, (iii) did not independently contact the Company as a result of the Registration Statement and (iv) the Shares were not offered or sold to the Investor by any form of general solicitation or
general advertising. 
  

	5.	MISCELLANEOUS 

  

	 	5.1.	Confidentiality 

 The
Investor agrees that, except with the prior written consent of the Company, the Investor shall at all times hold in confidence and trust and not use or disclose any confidential information of the Company provided to or learned by the Investor in
connection with this Agreement. Notwithstanding the foregoing, the Investor may disclose any confidential information of the Company (i) as required by any court or other governmental body, provided that the Investor provides the Company with
prompt notice of such court order or requirement to the Company to enable the Company to seek a protective order or otherwise to prevent or restrict such disclosure or (ii) discussing or using such confidential information if the same hereafter
is in the public domain (other than as a result of a breach of this Agreement). 
  

	 	5.2.	Notices 

 (a) All notices,
demands or requests provided for or permitted to be given pursuant to this Agreement must be in writing, to the following addresses: 
 If to the Company, to: 
 Colony Financial, Inc. 
 2450 Broadway, 6th Floor 
 Santa Monica, California 90404 
 Attention: Chief Financial Officer 
 Fax No.: 310-407-7430 
 with a copy (which shall not constitute notice) to: 
 Colony Financial, Inc. 
 2450 Broadway, 6th Floor 
 Santa Monica, California 90404 
 Attention: Joy Mallory 
 Fax No.: 310-407-7416 
 If to the Investor, to: 
 The address appearing on the signature page hereof. 
  

 5 

	 	5.3.	Assignment; Successors and Assigns 

 This Agreement and the rights granted hereunder may not be assigned by the Investor without the prior written consent of the Company. This Agreement shall be binding upon and inure to the benefit of the
parties hereto and their respective heirs, personal representatives, successors and permitted assigns as provided in this Agreement. 
  

	 	5.4.	Third Party Beneficiaries 

 Nothing in this Agreement, express or implied, is intended to confer upon any person, other than the parties hereto or their respective successors and permitted assigns, any rights, remedies, obligations or liabilities under or by any
reason of this Agreement, except as expressly provided in this Agreement and provided that the Underwriters shall be a third party beneficiary of this Agreement. 
  

	 	5.5.	Entire Agreement 

 This
Agreement contains the entire agreement and understanding among the parties hereto with respect to the subject matter of this Agreement, and supersedes all prior and contemporaneous agreements, understandings, inducements and conditions, express or
implied, oral or written, of any nature whatsoever with respect to the subject matter of this Agreement. The express terms of this Agreement control and supersede any course of performance and/or usage of the trade inconsistent with any of the terms
of this Agreement. 
  

	 	5.6.	Amendments 

 This
Agreement may be amended or modified only by an agreement in writing signed by both parties hereto. 
  

	 	5.7.	No Implied Waivers; Remedies 

 No failure or delay on the part of any party in exercising any right, privilege, power, or remedy under this Agreement, and no course of dealing shall operate as a waiver of any such right, privilege, power or remedy; nor shall any single
or partial exercise of any right, privilege, power or remedy under this Agreement preclude any other or further exercise of any such right, privilege, power or remedy or the exercise of any other right, privilege, power or remedy. No waiver shall be
asserted against any party unless signed in writing by such party. The rights, privileges, powers and remedies available to the parties are cumulative and not exclusive of any other rights, privileges, powers or remedies provided by statute, at law,
in equity or otherwise. Except as provided in this Agreement, no notice to or demand on any party in any case shall entitle such party to any other or further notice or demand in any similar or other circumstances or constitute a waiver of the right
of the party giving such notice or making such demand to take any other or further action in any circumstances without notice or demand. 
  

	 	5.8.	Governing Law 

 THIS
AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO THE CHOICE OF LAW RULES THEREOF. EACH OF THE PARTIES HEREBY IRREVOCABLY AGREES THAT THE COURTS OF THE STATE OF NEW YORK SHALL
HAVE EXCLUSIVE JURISDICTION IN CONNECTION WITH ANY ACTIONS OR PROCEEDINGS ARISING BETWEEN THE PARTIES UNDER THIS AGREEMENT. EACH OF THE PARTIES HEREBY IRREVOCABLY CONSENTS AND SUBMITS TO THE JURISDICTION OF SAID COURTS FOR

  

 6 

 
ANY SUCH ACTION OR PROCEEDING. EACH OF THE PARTIES HEREBY WAIVES THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF ANY SUCH ACTION OR PROCEEDING IN SAID COURTS. 
  

	 	5.9.	Waiver of Trial by Jury 

 EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES THE RIGHT TO A TRIAL BY JURY IN ANY ACTION, SUIT, COUNTERCLAIM OR OTHER PROCEEDING (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF, CONNECTED WITH OR RELATING TO
THIS AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREBY, OR THE ACTIONS OF ANY HOLDER IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE OR ENFORCEMENT HEREOF. 
  

	 	5.10.	  Headings 

 The
headings contained in this Agreement are for convenience only and shall not affect the construction or interpretation of any provisions of this Agreement. 
  

	 	5.11.	  Severability 

 If
any provision of the Agreement shall be held to be invalid, the remainder of the Agreement shall not be affected thereby. 
  

	 	5.12. 	Counterparts 

 This
Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original as against any party whose signature appears thereon, and all of which shall together constitute one and the same instrument. This Agreement
shall become binding when one or more counterparts of this Agreement, individually or taken together, shall bear the signatures of all of the parties reflected hereon as the signatories. 
 Signatures on following page 
  

 7 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first
written above. 
  

							
		 		 	COMPANY:
			
		 		 	COLONY FINANCIAL, INC.
				
	 	 		 	By:	 	/s/ Mark M. Hedstrom
		 		 	Name:	 	Mark M. Hedstrom
		 		 	Title:	 	Vice President
			
	If signature is by a trustee, executor, administrator, guardian, attorney-in-fact, officer or other person acting in a fiduciary or representative capacity, such person must set
forth his or her full title below under “Capacity” and submit evidence satisfactory to the Company of such person’s authority to so act.	 		 	 INVESTOR:
  
 See Exhibit A
 Signature of Investor or Authorized Signatory
  
 Signature of Co-Investor (if any)

  

							
	 ADDITIONAL INFORMATION TO BE COMPLETED BY INVESTOR:
 (Please print or
type)

	 			 
	 Name of Investor:
	  		 	 	  	 
	 			 
	 Name of Co-Investor (if any):
	  		 	 	  	 
	 	  		 	Circle one: joint or co-tenant	  	 
	 	  		 		  	 
	 Purchase Price:
	  		 	 	  	 
	 			 
	 Name of Authorized Signatory (if applicable):
	  		 	 	  	 
	 			 
	 Capacity:
	  		 	 	  	 
	 			 
	 Investor’s Residence/Business Address:
	  		 	 	  	 
	 			 
	 	  		 	 	  	 
	 			 
	 	  	Telephone:      	 	 	  	 
	 			 
	 	  	Facsimile:	 	 	  	 
	 			 
	 Investor’s Mailing Address (if different):
	  		 	 	  	 
	 			 
	 	  		 	 	  	 
	 			 
	 	  	Telephone:	 	 	  	 
	 			 
	 	  	Facsimile:	 	 	  	 
	 			 
	 Investor’s Taxpayer ID/Social Security
Number:
  
	  		 	 	  	 
	 	  		 		  	 
	 	  	 	 	 	  	 

  

 8 

 Exhibit A 
 Each of the following executive officers of Colony Financial, Inc. (the “Company”) have entered into a Stock Purchase Agreement
with the Company in the form substantially identical in all material respects to the Stock Purchase Agreement to which this Exhibit A is attached, and such agreements differ only with respect to the total number of shares of the Company’s
common stock purchased by such individuals, which is calculated by dividing the aggregate purchase price set forth opposite such individual’s name in the table below by the initial public offering price per share ($20.00). 
  

				
	 Investor Name
	 	 Purchase Price

	 Thomas J. Barrack, Jr., Trustee or His Successor in Interest U/D/T dated 3/15/90 and any amendments thereto FBO The Barrack
Family
	 	$	1,381,500
	 Richard B. Saltzman
	 	$	921,000
	 Kevin P. Traenkle
	 	$	350,000
	 Darren J. Tangen
	 	$	200,000
	 Ronald M. Sanders
	 	$	150,000

  

 9 

 Exhibit B 
 FORM OF REGISTRATION RIGHTS AGREEMENT 
 (see
attached) 
 [SEE EXHIBIT 10.2, AS FILED WITH AMENDMENT NO. 5 TO THE REGISTRATION 
 STATEMENT ON FORM S-11 OF COLONY FINANCIAL, INC.] 
  

 10

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