Document:

Sublease by and Between Reval.com, Inc. and Fox-Pitt Kelton Group Ltd.

 Exhibit 10.10 
 SUBLEASE 
 between 

FOX-PITT KELTON GROUP LIMITED 
 (“Tenant”) 
 and 

REVAL.COM, INC. 
 (“Subtenant”) 
 Unit 15 

420 Fifth Avenue Condominiums 
 420 Fifth Avenue 
 New York, New York 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	PAGE	 
			
	1.	  	DEMISE AND USE.	  	 	1	  
			
	2.	  	TERM.	  	 	1	  
			
	3.	  	FIXED RENT AND ESCALATIONS.	  	 	2	  
			
	4.	  	PAYMENT OF FIXED RENT AND ADDITIONAL RENT.	  	 	7	  
			
	5.	  	POSSESSION AND CONDITION OF SUBPREMISES.	  	 	8	  
			
	6.	  	REPRESENTATIONS AND COVENANTS.	  	 	8	  
			
	7.	  	INCORPORATION OF TERMS; PERFORMANCE OF THE LEASE.	  	 	9	  
			
	8.	  	SUBORDINATION/ATTORNMENT.	  	 	11	  
			
	9.	  	SURRENDER AND RESTORATION OF THE SUBPREMISES.	  	 	11	  
			
	10.	  	CASUALTY AND CONDEMNATION.	  	 	12	  
			
	11.	  	ASSIGNMENT AND SUBLETTING.	  	 	13	  
			
	12.	  	RIGHT TO CURE DEFAULTS; DEFAULT INTEREST.	  	 	15	  
			
	13.	  	LIMITATIONS UPON OBLIGATIONS OF TENANT.	  	 	16	  
			
	14.	  	ADDITIONAL SERVICES.	  	 	17	  
			
	15.	  	INSURANCE.	  	 	17	  
			
	16.	  	NOTICES.	  	 	18	  
			
	17.	  	CONSENTS.	  	 	19	  
			
	18.	  	LANDLORD AND CONDO CONSENTS TO SUBLEASE.	  	 	20	  
			
	19.	  	QUIET ENJOYMENT.	  	 	20	  
			
	20.	  	BROKERS.	  	 	21	  
			
	21.	  	INTENTIONALLY OMITTED.	  	 	21	  
			
	22.	  	HOLDING OVER.	  	 	21	  
			
	23.	  	SUBTENANT’S WORK.	  	 	21	  

  
 -i-

 Table of Contents 

(continued) 
  

							
	 	  	 	  	Page	 
			
	 24.
	  	SECURITY DEPOSIT.	  	 	22	  
			
	 25.
	  	CONDITIONS OF LIMITATION.	  	 	23	  
			
	 26.
	  	FURNITURE.	  	 	24	  
			
	 27.
	  	MISCELLANEOUS.	  	 	25	  
		
	 EXHIBIT A - FURNITURE, FIXTURES & EQUIPMENT
	  	 	A-1	  

  
 -ii-

 DEFINITIONS 

 

					
	 DEFINED TERMS
	  	PAGE	 
		
	 Abatement Period
	  	 	8	  
	 Additional Rent
	  	 	7	  
	 Base Common Charges Calculation
	  	 	3	  
	 Base Supplemental Operating Expenses Calculation
	  	 	5	  
	 Brokers
	  	 	21	  
	 Building
	  	 	1	  
	 Casualty
	  	 	12	  
	 Commencement Date
	  	 	1	  
	 Condemnation
	  	 	12	  
	 Condo Consent
	  	 	20	  
	 Consent Matter
	  	 	19	  
	 Default Rate
	  	 	15	  
	 Eligible Sublease
	  	 	14	  
	 Event of Default
	  	 	24	  
	 Expiration Date
	  	 	2	  
	 FF&E
	  	 	25	  
	 Fixed Expiration Date
	  	 	1	  
	 Fixed Rent
	  	 	2	  
	 Full Term
	  	 	2	  
	 Landlord
	  	 	1	  
	 Landlord Consent
	  	 	20	  
	 Lease
	  	 	1	  
	 MERIT
	  	 	1	  
	 Named Subtenant
	  	 	14	  
	 Notice
	  	 	18	  
	 Overlease Benefits
	  	 	16	  
	 Rent Commencement Date
	  	 	8	  
	 Rentals
	  	 	7	  
	 Security Deposit
	  	 	22	  
	 Security Letter
	  	 	22	  
	 Special Lease Rights
	  	 	14	  
	 Sublease
	  	 	1	  
	 Subpremises
	  	 	1	  
	 Subtenant
	  	 	1	  
	 Subtenant Common Charge Escalation Statement
	  	 	2	  
	 Subtenant Supplemental Operating Payment Escalation Statement
	  	 	4	  
	 Subtenant Tax Escalation Statement
	  	 	5	  
	 Subtenant’s Attornment Event
	  	 	13	  
	 Subtenant’s Related Parties
	  	 	10	  
	 Subtenant’s Work
	  	 	21	  

  
 -iii-

 DEFINITION 

CONTINUED 
  

					
	 DEFINED TERMS
	  	PAGE	 
		
	 Tenant
	  	 	1	  
	 Tenant’s Non-Disturbance Agreement
	  	 	13	  
	 Tenant’s Related Parties
	  	 	8	  
	 Tenant’s Tax Payment
	  	 	5	  
	 Term
	  	 	1	  

  
 iv 

 SUBLEASE 

This Sublease (“Sublease”) made as of the
11th day of May, 2010, between
FOX-PITT KELTON GROUP LIMITED (“Tenant”), a United Kingdom corporation having a place of business at c/o Macquarie Holdings (USA), Inc., 125 West
55th Street, New York, New York 10019, and
REVAL.COM, INC. (“Subtenant”), a Delaware corporation having a place of business at 100 Broadway, 22nd Floor, New York, New York 10005. 
 WITNESSETH: 
 WHEREAS, pursuant to a
lease dated as of July 1, 2006 (the “Lease”), between MERIT Fifth Avenue, L.P. (“MERIT”), as landlord, and Tenant, as tenant, Tenant leases from the successors-in-interest to MERIT, namely, 420 Associates LLC,
a Delaware limited liability company, and from 420 Fifth Associates LLC, a Delaware limited liability company (collectively, “Landlord”), condominium unit 15 (the “Subpremises”) in the building located at 420 Fifth
Avenue, New York, New York (the “Building”); 
 WHEREAS, Subtenant desires
to sublease the Subpremises from Tenant, and Tenant desires to sublease to Subtenant the Subpremises, on the terms and conditions hereafter set forth; 
 NOW, THEREFORE, Tenant and Subtenant, in consideration of the mutual covenants and agreements herein contained, do hereby covenant and agree as follows:

  

	 	1.	Demise and Use. 

 Subject
to Section 18 and the other terms and conditions of this Sublease, Tenant hereby demises and subleases to Subtenant, and Subtenant hereby takes and hires from Tenant, the Subpremises, to be used by Subtenant solely for general and executive
offices and for no other purposes, subject to and in accordance with all of the terms, restrictions and conditions of this Sublease (including, without limitation, the provisions of the Lease incorporated herein) pursuant to Section 7 hereof.
Capitalized terms used in this Sublease shall have the respective meanings set forth in the Lease unless otherwise stated herein. Subtenant acknowledges receipt of a copy of the Lease with certain financial information and other provisions deleted
and/or redacted and represents that it has read the Lease and is fully familiar with all of the undeleted and unredacted provisions thereof. 
  

	 	2.	Term. 

 (a) The
term of this Sublease (the “Term”) shall commence on the later of (i) the date hereof, (ii) the date that the Landlord Consent (as defined in Section 18) is obtained (the “Commencement Date”) and
(iii) the date that Tenant delivers the Subpremises to Subtenant in the condition required under this Sublease (together with keys or the other means of access to the Subpremises), and shall expire on December 30, 2016 (the “Fixed
Expiration Date”), unless the 

  
 1. 

 
Term is sooner terminated under the provisions of this Sublease. The Fixed Expiration Date or such earlier or later date on which the Term shall end pursuant to the terms, conditions or covenants
of this Sublease or any applicable laws shall be referred to herein as the “Expiration Date.” The period of time from the Commencement Date to the Fixed Expiration Date shall be referred to herein as the “Full
Term.” 
 (b) At the request of either party, Tenant and Subtenant shall within thirty (30) days
thereafter, execute a written agreement confirming the Commencement Date; provided, however, that the failure of the parties to execute such a written agreement shall not affect the validity of the Commencement Date. 

 

	 	3.	Fixed Rent and Escalations. 

 (a) Subtenant shall pay to Tenant fixed rent (“Fixed Rent”) as follows: 
 (i) For the period commencing on the Commencement Date and ending on the day before the day of the calendar month on which one-half of the Full Term elapses, Nine Hundred Forty Thousand Nine
Hundred Ninety-Two Dollars ($940,992.00) per annum, payable in equal monthly installments of Seventy-Eight Thousand Four Hundred Sixteen and 00/100 ($78,416.00) Dollars; 

(ii) For the period commencing on the day of the calendar month on which one-half of the Full Term elapses and
ending on the Expiration Date, One Million Fifty-Eight Thousand Six Hundred Sixteen and 00/100 ($1,058,616.00) Dollars per annum, payable in equal monthly installments of Eighty-Eight Thousand Two Hundred Eighteen and 00/100 ($88,218.00) Dollars;
and 
 (iii) Fixed Rent for the calendar month in which such half-way point occurs shall be prorated if
such half-way point occurs on a day which is not the first day of such calendar month. 
 (b) During the Term, Subtenant
shall pay the entire amount (including without limitation estimated payments) of any Common Charge Additional Rent Payment (as such term is defined in the Lease) to be paid by Tenant with respect to the Term as set forth in and in accordance with
the provisions of Article 5 of the Lease, except as expressly modified herein. Tenant acknowledges that any statements for amounts due Tenant from Subtenant on account of any Common Charge Additional Rent Payment (a “Subtenant Common Charge
Escalation Statement”) shall be based solely on statements, including without limitation any Landlord’s Statement or Year-End Statement, that Landlord is required to provide pursuant to the terms of the Lease, and that Tenant shall be
unable to deliver any such Subtenant Common Charge Escalation Statement until Tenant has received the appropriate statement or bill from Landlord. In the event that Landlord shall fail to deliver any such statement or bill to Tenant, Tenant shall
request that Landlord deliver such statement or bill, provided that Tenant shall have no liability to Subtenant due to the failure of Landlord to provide same (and, until such statement is provided to Subtenant, Subtenant shall

  
 2. 

 
have no obligation with respect to any such Common Charge Additional Rent Payment). Any such statement delivered by Landlord shall be deemed conclusive, subject to the audit and challenge rights
of Tenant described in the applicable sections of Article 5 of the Lease, which rights Tenant agrees to exercise at Subtenant’s sole cost and expense on behalf of Subtenant upon request by Subtenant if Subtenant is unable to exercise such
rights directly (and, if Tenant does not exercise such rights in a commercially reasonable manner, Tenant agrees that Subtenant may do so in Tenant’s stead). Any settlement of such audit or challenge shall be subject to the reasonable approval
of Subtenant. Each Subtenant Common Charge Escalation Statement shall be accompanied by copies of the relevant statements received by Tenant in connection with the Common Charge Additional Rent Payment (and, to the extent such relevant statements
are not received by Tenant, Tenant shall request that Landlord deliver the same as described above). Article 5 of the Lease shall be further modified for purposes of this Sublease as follows: 

(i) Section 5.1(D) of the Lease shall be modified so that the Base Common Charges shall mean one-half
(1/2) of the amount of all Common Charges assessed against the Subpremises for the calendar years 2010 and 2011; 
 (ii) Intentionally omitted; and 

(iii) Notwithstanding any provision in the Lease to the contrary, Subtenant shall have no
obligation with respect to any Common Charge Additional Rent Payment for any period prior to July 1, 2011, and Subtenant shall pay the first monthly installment of one-twelfth (1/12th) of the applicable Common Charge Additional Rent Payment for the balance of 2011 with the Fixed Rent payment for
July 2011 (provided that Tenant shall, subject to the provisions of Section 3(e) below, have delivered to Subtenant at least thirty (30) days’ prior written notice of the applicable amount due as of July 1, 2011) and, prior to
the determination of the Common Charges for 2011, the Base Common Charges as defined in Section 3(b)(i) above shall be estimated by presuming that the Common Charges for calendar year 2011 will be equal to 103% of the Common Charges for
calendar year 2010 (based upon the most recent Landlord’s Statement or Year-End Statement received by Tenant for calendar year 2010). Such payments of the Common Charge Additional Rent Payment shall continue until such time or times that Tenant
has received statements, including without limitation any Landlord’s Statement or Year-End Statement, provided by Landlord, such that Tenant can calculate one-half (1/2) of the amount of Base Common Charges assessed against the Subpremises
for calendar years 2010 and 2011. After such receipt by Tenant and as soon as commercially practical, Tenant shall provide Subtenant with a statement showing such calculations and with any additional statements showing revisions thereof, both based
on determinations made by Landlord or the Board of Managers as furnished to Tenant by Landlord (each a “Base Common Charges Calculation”). Promptly after any Base Common Charges Calculation is furnished to Subtenant, or together
therewith, Tenant shall notify Subtenant whether the estimated installments of the Common Charge Additional Rent Payment previously paid with Fixed Rent were greater or less than the amount thereof that would have been due had one-half (1/2) of
the amount of all Common Charges assessed against the Subpremises for the calendar years 2010 and 2011 been known. If there shall be a deficiency, Subtenant shall pay the amount 

  
 3. 

 
thereof within thirty (30) days after demand therefor, and if there shall have been an overpayment, Landlord shall credit the amount of such overpayment against Fixed Rent payments, any
Common Charge Additional Rent Payment, and any other payments next due under this Sublease. After receipt by Subtenant of the first Base Common Charges Calculation, payments by Subtenant of the monthly installations of the Common Charge Additional
Rent Payment shall be based on statements, including without limitation Landlord’s Statement and Year-End Statement, provided by Landlord (subject to the audit and challenge rights referenced above). 

(c) During the Term, Subtenant shall pay the entire amount (including without limitation estimated payments) of any Tenant’s
Supplemental Operating Payment (as such term is defined in the Lease) to be paid by Tenant with respect to the Term as set forth in and in accordance with the provisions of Article 5 of the Lease, except as expressly modified herein. Tenant
acknowledges that any statements for amounts due Tenant from Subtenant on account of any Tenant’s Supplemental Operating Payment (a “Subtenant Supplemental Operating Payment Escalation Statement”) shall be based solely on
statements, including without limitation Landlord’s Supplemental Operating Expense Statement, that Landlord is required to provide pursuant to the terms of the Lease, and that Tenant shall be unable to deliver any such Subtenant Supplemental
Operating Payment Escalation Statement until Tenant has received the appropriate statement or bill from Landlord. In the event that Landlord shall fail to deliver any such statement or bill to Tenant, Tenant shall request that Landlord deliver such
statement or bill, provided that Tenant shall have no liability to Subtenant due to the failure of Landlord to provide same (and, until such statement is provided to Subtenant, Subtenant shall have no obligation with respect to any such Supplemental
Operating Payment). Any such statement delivered by Landlord shall be deemed conclusive, subject to the audit and challenge rights of Tenant described in the applicable sections of Article 5 of the Lease, which rights Tenant agrees to exercise at
Subtenant’s sole cost and expense on behalf of Subtenant upon request by Subtenant if Subtenant is unable to exercise such rights directly (and, if Tenant does not exercise such rights in a commercially reasonable manner, Tenant agrees that
Subtenant may do so in Tenant’s stead). Any settlement of such audit or challenge shall be subject to the reasonable approval of Subtenant. Each Subtenant Supplemental Operating Payment Escalation Statement shall be accompanied by copies of the
relevant statements received by Tenant in connection with Tenant’s Supplemental Operating Payment (and, to the extent such relevant statements are not received by Tenant, Tenant shall request that Landlord deliver the same as described above).
Article 5 of the Lease shall be further modified for purposes of this Sublease as follows: 
 (i)
Section 5.1(H) of the Lease shall be modified so that the Base Year Supplemental Operating Expenses shall mean one-half (1/2) of the amount of all Supplemental Operating Expenses due for the calendar years 2010 and 2011; 

(ii) Intentionally omitted; and 

(iii) Notwithstanding any provision in the Lease to the contrary, Subtenant shall have no obligation with respect
to any Supplemental Operating Payment for any period prior to July 1, 2011, and Subtenant shall pay the first monthly installment 

  
 4. 

 
of one-twelfth (1/12th) of the applicable Supplemental Operating Payment for the balance of 2011, subject to the provisions of Section 3(e) below, with the Fixed Rent payment for July 2011 (provided that Tenant shall
have delivered to Subtenant at least thirty (30) days’ prior written notice of the applicable amount due as of July 1, 2011) and, prior to the determination of the Base Year Supplemental Operating Expenses for 2011, the Base Year
Supplemental Operating Expenses as defined in Section 3(c)(i) above shall be estimated by presuming that the Supplemental Operating Expenses for calendar year 2011 will be equal to 103% of the Supplemental Operating Expenses for calendar year
2010 (based upon the most recent Landlord’s Supplemental Operating Expense Statement received by Tenant for calendar year 2010). Such payments of the Tenant’s Supplemental Operating Payment shall continue until such time or times that
Tenant has received statements, including without limitation any Landlord’s Supplemental Operating Expense Statement, provided by Landlord, such that Tenant can calculate one-half (1/2) of the amount of Supplemental Operating Expenses due
for calendar years 2010 and 2011. After such receipt by Tenant and as soon as commercially practical, Tenant shall provide Subtenant with a statement showing such calculations and with any additional statements showing revisions thereof, both based
on determinations made by Landlord as furnished to Tenant by Landlord (each a “Base Supplemental Operating Expenses Calculation”). Promptly after any Base Supplemental Operating Expenses Calculation is furnished to Subtenant, or
together therewith, Tenant shall notify Subtenant whether the estimated installments of the Tenant’s Supplemental Operating Payment previously due with Fixed Rent were greater or less than the amount thereof that would have been paid had
one-half (1/2) of the amount of all Supplemental Operating Expenses due for the calendar years 2010 and 2011 been known. If there shall be a deficiency, Subtenant shall pay the amount thereof within thirty (30) days after demand therefor,
and if there shall have been an overpayment, Landlord shall credit the amount of such overpayment against Fixed Rent payments, any Tenant’s Supplemental Operating Payment, and any other payments next due under this Sublease. After receipt by
Subtenant of the first Base Supplemental Operating Expenses Calculation, payments by Subtenant of the monthly installations of the Tenant’s Supplemental Operating Payment shall be based on statements, including without limitation
Landlord’s Supplemental Operating Expenses Statement, provided by Landlord (subject to the audit and challenge rights referenced above). 
 (d) During the Term, Subtenant shall pay the entire amount (including without limitation estimated payments) of “Tenant’s Tax Payment” (as such term is defined in the Lease)
to be paid by Tenant with respect to the Term as set forth in and in accordance with the provisions of Article 5 of the Lease, except as expressly modified herein. Tenant acknowledges that any statements for amounts due Tenant from Subtenant on
account of Tenant’s Tax Payment (a “Subtenant Tax Escalation Statement”) shall be based solely on Landlord’s Tax Statement that Landlord is required to provide pursuant to the terms of the Lease, and that Tenant shall be
unable to deliver any such Subtenant Tax Escalation Statement (including without limitation a copy of any tax bill that Tenant is obligated to deliver to Subtenant) until Tenant has received the appropriate statement or bill from Landlord. In the
event that Landlord shall fail to deliver any such statement or bill to Tenant, Tenant shall request that Landlord deliver such statement or bill, 

  
 5. 

 
provided that Tenant shall have no liability to Subtenant due to the failure of Landlord to provide same (and, until such statement is provided to Subtenant, Subtenant shall have no obligation
with respect to any such Tax Payment). Any such statement delivered by Landlord shall be deemed conclusive, subject to the audit and challenge rights of Tenant described in the applicable sections of Article 5 of the Lease, which rights Tenant
agrees to exercise at Subtenant’s sole cost and expense on behalf of Subtenant upon request by Subtenant if Subtenant is unable to exercise such rights directly (and, if Tenant does not exercise such rights in a commercially reasonable manner,
Tenant agrees that Subtenant may do so in Tenant’s stead). Any settlement of such audit or challenge shall be subject to the reasonable approval of Subtenant. Each Subtenant Tax Escalation Statement shall be accompanied by copies of the
relevant statements received by Tenant in connection with Tenant’s Tax Payment (and, to the extent such relevant statements are not received by Tenant, Tenant shall request that Landlord deliver the same as described above). Tenant shall pay to
Subtenant any refund of an overpayment of Tenant’s Tax Payment received by Tenant attributable to the Subpremises during the Term and this obligation shall survive the expiration or earlier termination of the Term. Such Article 5 of the Lease
shall be further modified for purposes of this Sublease as follows: 
 (i) Section 5.1(F) of the Lease shall be
modified so that the Base Tax Year shall mean the Taxes due for 2010/2011 Tax Year commencing July 1, 2010 through June 30, 2011, all dates inclusive; 
 (ii) Intentionally omitted. 
 (e) Notwithstanding any provision of
this Sublease to the contrary, Subtenant acknowledges and agrees that its liability to pay the Common Charge Additional Rent Payment, Tenant’s Supplemental Operating Payment and/or Tenant’s Tax Payment is not conditioned on the timely
delivery by Tenant to Subtenant of the relevant Subtenant Common Charge Escalation Statement or Subtenant’s Supplemental Tax Escalation Statement so long as Tenant delivers to Subtenant any such statement within two years after the Fixed
Expiration Date. 
 (f) Subtenant acknowledges that electricity for the Subpremises is directly metered such that there
is no charge therefor by Tenant. It is understood and agreed that Tenant has no control over the supply of electrical energy or the quality, quantity or character of electrical energy supplied to the Subpremises. Subject to the incorporated
provisions of the Lease regarding electricity (including, without limitation, the provisions of Section 8.5(c) and the last sentence of Section 8.5(a) and Tenant’s obligations hereunder to enforce the Lease for Subtenant’s
benefit, Tenant shall not be liable or responsible to Subtenant for any loss, damage or expense that Subtenant may incur due to any diminution or abatement in the quantity of electrical energy or any change in the quality or character of such
electrical energy or if such service is no longer available or suitable for Subtenant’s requirements. If Landlord changes the method by which electricity is furnished to the Premises, Subtenant’s method of paying for electricity shall be
correspondingly changed under this Sublease, and Subtenant shall, at its own cost and expense, in addition to paying for any and all electricity attributable to the Subpremises, perform any and all other obligations of Tenant under the Lease with
respect to the Subpremises. Subtenant covenants and warrants to Tenant that throughout the Term, Subtenant’s electrical use shall not exceed the maximum load for the Subpremises and such use shall be consistent with Subtenant’s general
office use of the Subpremises and the provisions of the Lease. 

  
 6. 

 (g) If Tenant shall be charged with respect to the Subpremises for any other sums or
charges pursuant to the provisions of the Lease, which charges result from Subtenant’s acts or requests for services, including without limitation for overtime or other extra services requested by Subtenant, then Subtenant shall be liable for
the entire amount thereof as Additional Rent under this Sublease and such sums shall be due and payable by Subtenant to Tenant within twenty (20) days after Tenant renders a bill therefor to Subtenant. 

 

	 	4.	Payment of Fixed Rent and Additional Rent. 

 (a) All Fixed Rent and Additional Rent and whether or not denominated as “rent,” shall be deemed to be and shall constitute Rentals (as defined herein) for all purposes hereunder and, in
the event of any non-payment thereof, Tenant shall have all of the rights and remedies provided herein, at law or in equity, for non-payment of Rentals, and such obligations shall survive the Expiration Date or earlier termination of this Sublease
(provided, however, that Subtenant shall have no obligation with respect to any such non-payment of Rentals due for which a statement was not delivered to Subtenant by two (2) years after the Fixed Expiration Date or earlier termination of this
Sublease.) “Additional Rent” shall mean all amounts payable by Subtenant to Tenant pursuant to this Sublease other than Fixed Rent, including without limitation payments of any Common Charge Additional Rent Payment, Tenant’s
Supplemental Operating Payment and Tenant’s Tax Payment. All Fixed Rent and Additional Rent (collectively, “Rentals”) shall be paid in lawful money of the United States which shall be legal tender for payment of all debts, in
advance on or before the last day of each calendar month of the Term for the next succeeding calendar month, and, at Subtenant’s election, either (a) by a check drawn on a bank which is a member of The New York Clearing House Association,
or a successor thereto, delivered to Tenant’s address as set forth in Section 16 or such other address as Tenant may designate at any time and from time to time, or (b) by wire transfer of immediately available federal funds to an
account designated by Tenant, as and when the same becomes due and payable, without demand therefor unless otherwise provided herein, and without any deduction, set-off, abatement, counterclaim or defense whatsoever except as otherwise provided in
this Sublease. Subtenant’s covenants to pay Rentals constitute independent covenants under this Sublease. Notwithstanding the foregoing, Subtenant shall pay upon the execution and delivery hereof an amount equal to one month’s Fixed Rent.
If the Commencement Date is not on the first day of a month, then on the Commencement Date, Subtenant shall pay Fixed Rent for the period from the Commencement Date through the last day of such month, and the payment made by Subtenant upon execution
and delivery of this Sublease shall be credited against the first full monthly installment of Fixed Rent due and payable under this Sublease. In the event that the Expiration Date shall occur on a date other than the last day of any calendar month,
then Fixed Rent and Additional Rent shall be pro-rated based on the actual number of days in such month. Any provision in the Lease referring to rent, Rent, fixed rent, Base Rent, additional rent, Additional Rent or words or terms of like import
incorporated herein by reference shall be deemed to refer to the Rentals, Fixed Rent and/or Additional Rent due under this Sublease. 

  
 7. 

 (b) Notwithstanding any provision of this Sublease to the contrary, so long as there
shall not be an Event of Default (as hereinafter defined) by Subtenant under the terms and provisions of this Sublease, Fixed Rent in the amount of Seventy-Eight Thousand Four Hundred Sixteen and 00/100 ($78,416.00) Dollars shall be abated monthly
during the first six (6) full calendar months of the Term of this Sublease (the “Abatement Period”). Notwithstanding the foregoing, Subtenant shall be obligated to make all payments of electricity charges and other charges for
building services used by Subtenant during the Abatement Period. Subtenant acknowledges that in the event of an Event of Default by Subtenant under this Sublease in respect of which Tenant has instituted legal proceedings against Subtenant, Fixed
Rent otherwise abated pursuant to this Section 4(b) shall be immediately due and payable. (The day immediately following the Abatement Period shall be referred to herein as the “Rent Commencement Date.”) 

 

	 	5.	Possession and Condition of Subpremises. 

 Subtenant agrees that (i) except as otherwise provided in this Sublease, Tenant shall deliver and Subtenant shall accept possession of the Subpremises in its “as is, where-is” condition and
state of repair as of the date hereof, vacant and broom clean, (ii) Subtenant is fully familiar with the condition of the Subpremises and (iii) Tenant shall not be not required to perform any repairs, alterations or other work with respect
to the Subpremises, or give Subtenant any work allowance whatsoever. The taking of possession of the Subpremises by Subtenant shall be conclusive evidence of delivery in compliance with the provisions hereof. Except as otherwise provided in this
Sublease, Tenant shall not be subject to any liability for failure to deliver possession of the Subpremises on the Commencement Date and the validity of this Sublease shall not be impaired under such circumstances, nor shall the same be construed to
extend the Term, provided that Rentals shall be abated until such possession is delivered to Subtenant. The provisions of this Section 5 are intended to constitute “an express provision to the contrary” under the meaning of
Section 223-a of the New York Real Property Law or any successor law or ordinance. 
  

	 	6.	Representations and Covenants. 

 (a) Subtenant acknowledges that neither Tenant nor any partner, member, officer, director, employee, representative, contractor or agent of Tenant (collectively, “Tenant’s Related
Parties”) nor any real estate broker or attorney employed by Tenant has made, nor has Subtenant relied on, any representations, warranties, statements or agreements (express or implied) whatsoever with respect to the Lease or all or any
part of the Building or the Subpremises other than those expressly set forth in this Sublease. Subtenant acknowledges that no rights, options, easements or licenses are being acquired by Subtenant by implication or otherwise except as expressly set
forth in this Sublease and the Lease. 
 (b) Tenant hereby represents and warrants to Subtenant that: (i) Tenant is
the owner of the tenant’s interest under the Lease (ii) Tenant has not subleased the Subpremises and Tenant has full right and authority to enter into this Sublease subject only to obtaining Landlord’s Consent (and any consent
required by the Condominium Documents), (iii) a true and 

  
 8. 

 
complete redacted copy of the Lease has been delivered to Subtenant, (iv) to Tenant’s knowledge, Landlord is not in default under the Lease, (v) to Tenant’s knowledge, Tenant
is not in default under the Lease, and (vi) to Tenant’s knowledge, Tenant is in compliance with Article 10 of the Lease regarding “Legal Requirements” as defined therein and with Article 33 of the Lease regarding “Hazardous
Materials” as defined in the Lease. 
 (c) Tenant shall not voluntarily terminate the Lease except pursuant to a
right of termination arising out of casualty or condemnation expressly set forth in the Lease, and Tenant shall not amend the Lease in a manner adverse to Tenant in any respect. If the Lease shall terminate for any reason then this Sublease shall
also terminate. Tenant shall not be liable for any such termination unless such termination (i) shall have arisen out of a default under the Lease by Tenant not arising out of the acts of omissions of Subtenant, or a default hereunder by
Subtenant or (ii) shall have been effected by Tenant in violation of this Section 6(c). 
  

	 	7.	Incorporation of Terms; Performance of the Lease. 

 (a) All of the terms, covenants and conditions of the Lease are: 
 (i) hereby incorporated in this Sublease by reference and made a part hereof as if herein set forth at length (it being understood and agreed that except as otherwise specifically provided herein
the obligations and representations by Landlord under the Lease shall be performed and/or made by Landlord under the Lease (and not by Tenant as if it were Landlord by virtue of the effect of clause (ii) immediately following), and Tenant shall
not be liable for any defaults or misrepresentations made by the Landlord under the Lease (and not by Tenant as if it were Landlord by virtue of the effect of clause (ii) immediately following); and 

(ii) shall constitute the terms of this Sublease (as if Subtenant was Tenant and Tenant was Landlord under the
Lease, and as if the word “Lease” was “Sublease” and the word “Premises” was “Subpremises”). Notwithstanding the foregoing provisions of this Section 7(a), the following provisions of the Lease are
expressly not incorporated into this Sublease: 
 (A) the preamble; the Fundamental Lease Provisions except for
“Premises” and “Permitted Use”; the defined terms in Section 1.2 (1) not used in this Sublease, (2) not used in the provisions of the Lease incorporated herein, or (3) otherwise defined herein; the first
sentence of Section 2.1; Section 2.3; Section 2.4; Article 4; the last two sentences of Section 7.1; any obligation under Section 7.2 to reimburse Subtenant for any work performed by Subtenant or to perform any work in the
Subpremises; the last sentence of Section 7.2(e); Section 7.4; Section 7.5(b) to the extent that “ADA” compliance is not triggered by alterations performed by Subtenant in the Subpremises; Section 20.4; Article 21 to
the extent incorporation herein would grant any rights or reservations in favor of Tenant or impose obligations on Tenant, as opposed to Landlord under the Lease; the word “Base” shall be deleted in each place it appears in Article 26 and
the word “Fixed” substituted therefor; Section 27.5; Article 28; Article 31; Section 32.1; the word “Base” shall be deleted from the last sentence of Section 32.2 and the word “Fixed” substituted
therefor; Article 34; Article 38; Article 39; 

  
 9. 

 
Section 40.6; Section 40.8; Section 40.9; Section 40.10; Section 40.12; Section 40.16; the word “Base” shall be deleted in each place it appears in
Section 40.18 and the word “Fixed” substituted therefor; the word “Base” shall be deleted from the last sentence of Section 40.20 and the word “Fixed” substituted therefor; the word “Base” shall be
deleted from the last sentence of Section 40.21 and the word “Fixed” substituted therefor; Section 40.22; Section 40.23; and Sections 40.25(a) and (b); and 

(B) such other terms, covenants and conditions of the Lease as are specifically inconsistent with the terms hereof (but only to
the extent same are inconsistent). 
 (b) The parties agree that unless a time limit is expressly set forth in this
Sublease, the time limits set forth in the Lease for the giving of Notices, making demands, payment of any sum, the performance of any act, condition or covenant, or the exercise of any right, remedy or option, are modified for the purpose of this
Sublease by shortening (in the case of a time limit applicable to Tenant thereunder) or lengthening (in the case of a time limit applicable to Landlord thereunder) the same in each instance by five (5) days, except that time periods of five
(5) days or less as set forth in the Lease shall be three (3) days, so that Notices may be given, demands made, any act, condition or covenant performed and any right or remedy hereunder exercised, by Tenant or Subtenant, as the case may
be, within the time limits relating thereto contained in the Lease. Notwithstanding the foregoing, the notice and grace periods with respect to payment of Rental under the Lease and assignment and sublettings under the Lease shall not be modified
and the notice and grace periods under Article 25 of the Lease shall not be modified (other than as set forth in Section 25.1(d)). 
 (c) Subtenant covenants that during the Term Subtenant shall not do, or permit or suffer to be done, any act or omission by Subtenant, its agents, employees, officers, directors, occupants,
contractors, sub-sublessees, licensees or representatives (collectively “Subtenant’s Related Parties”) which (i) is prohibited by the Lease, (ii) would in any way contravene or violate any economic or other material
term or condition of the Lease or any other instrument to which this Sublease is subordinate, (iii) would constitute or give rise to a default or an “Event of Default” under the Lease or a default under any other instrument to which
this Sublease is subordinate or (iv) would result in any additional cost or other liability to Tenant unless Subtenant timely pays such cost or timely satisfies such liability. In the event of any inconsistency between this Sublease and the
Lease, such inconsistency as between Tenant and Subtenant shall be resolved in favor of the provisions of this Sublease, unless such resolution would cause Tenant to be in default under the terms of the Lease, in which event such resolution shall be
in favor of the provisions of the Lease. Subtenant agrees to perform and adhere to all of the terms and conditions of the Lease which it has assumed by the incorporation thereof in this Sublease, except as specifically modified herein. 

(d) Each party shall promptly give to the other a copy of any notice it receives from Landlord or the “Board of
Managers” (as defined in the Lease) alleging the existence of a breach of or default under the Lease. 

  
 10.

 (e) Tenant shall have the same rights and remedies with respect to a breach of this
Sublease by Subtenant as Landlord has with respect to a breach of the Lease, as if the same were more fully set forth at length herein, and Tenant shall have, with respect to Subtenant, this Sublease and the Subpremises, all of the rights, powers,
privileges and immunities as are had by Landlord under the Lease. Notwithstanding anything herein to the contrary, Tenant shall not be responsible for any breach of the Lease by Landlord or any non-performance or non-compliance with any provision
thereof by Landlord or any breach of this section caused by Landlord. 
  

	 	8.	Subordination/Attornment. 

(a) Subtenant acknowledges that this Sublease, the term hereof and all rights, estate, title and interest of Subtenant hereunder
are and shall remain subject and subordinate in all respects to all of the terms and conditions of the Lease (and any amendments or modifications thereto which do not adversely affect Subtenant or the use of the Subpremises and the documentation of
which Subtenant has received a copy prior to execution and delivery thereof) and to all matters to which the Lease is and shall be subject and subordinate, including without limitation the Condominium Documents (and any amendments or modifications
thereto), any Superior Lease and any Superior Mortgage. Such subordination shall be self-operative and no further instrument of subordination shall be required, but Subtenant shall promptly execute any certificate confirming such subordination that
Tenant may request. 
 (b) If, in the event of any termination, re-entry or dispossess by Landlord under the Lease,
Landlord shall take over all of the right, title and interest of Tenant under this Sublease, Subtenant, at Landlord’s election and at Landlord’s request, shall attorn to Landlord and, during the Term, perform all of the terms, covenants
and conditions of this Sublease on the part of Subtenant to be performed all in accordance with the provisions of the Landlord Consent. In that regard, if Landlord’s Consent or other document to which Landlord is bound provides that Landlord
will recognize Subtenant pursuant to the terms of the Sublease but at the increased rentals provided for in the Lease, such Landlord’s Consent or other document shall also provide that if the Sublease is not so terminated by such termination,
re-entry or dispossess by Landlord under the Lease, Subtenant may upon notice given to Landlord at any time after such termination, re-entry or dispossess by Landlord under the Lease, but prior to the date which is 90 days after such termination,
re-entry or dispossess, cancel this Sublease as of the date which is 90 days after the effective date of such termination, re-entry or dispossess by Landlord under the Lease. If Landlord’s Consent does not contain a provision at least as
favorable to Subtenant as the foregoing, then Subtenant shall not be required to accept Landlord’s Consent and may exercise its termination option for a failure to obtain Landlord’s Consent pursuant to Paragraph 18 hereof. 

 

	 	9.	Surrender and Restoration of the Subpremises. 

 Upon the Expiration Date, Subtenant shall quit and surrender the Subpremises to Tenant, vacant, broom-clean, ordinary wear and tear, and damage by casualty and condemnation for which Subtenant is not
responsible under the terms of this Sublease excepted. On or prior to the Fixed Expiration Date, and at Subtenant’s sole cost and expense, Subtenant shall (a) remove all of its moveable furniture, fixtures, equipment and other moveable
personal property therefrom, 

  
 11.

 
as well as the FF&E (as hereinafter defined) if title thereto has passed to Subtenant pursuant to Section 26, and repair any damage to the Subpremises caused by such removal and
(b) to the extent required by Landlord pursuant to the provisions of Article 12 of the Lease, remove any installations, alterations, improvements, additions or other physical changes to the Subpremises which were installed by or on behalf of
Subtenant, including, without limitation, any of Subtenant’s Work (as hereinafter defined). Subtenant shall have no obligation to remove its installation of walls creating its lunchroom unless they are “Specialty Alterations” (as
defined in the Lease). If Subtenant fails to remove such items at the end of the Term, then Tenant, at Subtenant’s sole cost and expense, may perform such work. Tenant’s right to perform such work shall be in addition to any other rights
and remedies available to Tenant under this Sublease or at law or in equity. If the Fixed Expiration Date, or earlier termination of the Term, falls on a Saturday or Sunday, this Sublease shall expire at noon on the Business Day immediately
preceding such day. Subtenant’s obligations hereunder shall survive the Fixed Expiration Date or earlier termination of this Sublease. 
  

	 	10.	Casualty and Condemnation. 

(a) If the Lease is terminated pursuant to its terms or by a party thereto (or if Subtenant exercises its termination rights as
incorporated herein) pursuant to its rights under Articles 23 or 24 of the Lease as a result of fire or other casualty (“Casualty”) or the condemnation or taking of all or a part of the Building for public or quasi-public use or
purposes (“Condemnation”), this Sublease shall terminate upon the date of such termination as if said date were the date fixed herein as the Expiration Date, and Fixed Rent and Additional Rent shall be adjusted as of said date and
neither party shall have any further obligations hereunder, except for any further adjustment of Additional Rent pursuant to the terms hereof and claims that accrued prior to the date of termination. 

(b) If the Lease is not terminated in the event of Casualty or Condemnation, this Sublease shall continue in full force and effect
and Subtenant shall continue to be liable for the payment of the Rentals, except that Subtenant shall receive an abatement of Rentals due hereunder in the same manner as set forth in Articles 23 and 24 of the Lease, but only to the extent and for
the period the fixed rent, escalation rent and other sums payable by Tenant under the Lease are so abated with respect to all or part of the Subpremises. 
 (c) Tenant shall not be liable for any inconvenience or annoyance to Subtenant or injury to the business of Subtenant resulting in any way from damages arising from Casualty or the repair thereof
or from Condemnation or the repair or renovation necessitated thereby. Subtenant acknowledges that Tenant will not carry insurance of any kind on Subtenant’s goods, furniture or furnishings or on any fixtures, equipment, improvements,
installations or appurtenances in the Subpremises and that Tenant shall not be obligated to repair any damage thereto or replace same, or pay the cost thereof 
 (d) In the event of a taking by condemnation (or deed in lieu thereof), Subtenant shall have no claim to any share of the award, except to file a claim for its fixtures and moving expenses, but
only to the extent Tenant would be permitted to do so under the Lease. 

  
 12.

 (e) Subtenant hereby waives the provisions of Section 227 of the New York Real
Property Law, which are superseded by the provisions of this Section 10. 
  

	 	11.	Assignment and Subletting. 

(a) Supplementing and/or modifying the provisions of Article 19 of the Lease incorporated herein (which shall be applicable as if
“Landlord” were “Tenant” and “Tenant” were “Subtenant”): 
 (i) In
Section 19.9(C)(a) of the Lease, the words “the transfer of any stock in Tenant” are hereby deleted and replaced by the words “the transfer of any stock or other interests in Tenant that would be deemed an assignment pursuant to
Section 19.1”. 
 (b) Provided no Event of Default shall exist and be continuing hereunder, Tenant shall
promptly after Subtenant’s written request (which request shall be accompanied by an executed counterpart of the Eligible Sublease (hereinafter defined) and such other information and certifications as Tenant may reasonably request in order to
determine that the conditions of this Section 11(b) have been satisfied), deliver to Subtenant and the subtenant under the Eligible Sublease a non-disturbance agreement in form and substance reasonably acceptable to Tenant and Subtenant,
providing in substance that, as long as no default beyond any applicable notice and grace period exists on the part of such subtenant under the Eligible Sublease and subject to the satisfaction of the condition precedent set forth in clause
(iii) below, Tenant will not name or join such subtenant as a party defendant or otherwise in any suit, action or proceeding to enforce any rights granted to Tenant under this Sublease and to the further effect that if this Sublease shall
terminate or be terminated by reason of Subtenant’s default hereunder (the “Subtenant’s Attornment Event”), then Tenant will recognize such subtenant as the direct tenant of Tenant on the terms and conditions of the
Eligible Sublease, as the same will be deemed amended upon such Subtenant’s Attornment Event as hereinafter provided (a “Tenant’s Non-Disturbance Agreement”). Following the subtenant’s execution and delivery of the
Tenant’s Non-Disturbance Agreement reasonably acceptable to Subtenant, Tenant shall promptly execute and deliver a counterpart to such subtenant. Tenant’s reasonable out of pocket costs and expenses in connection with the foregoing
(including without limitation, attorneys’ fees), to the extent actually incurred, shall be paid by Subtenant simultaneously with the execution of Tenant’s Non-Disturbance Agreement. Tenant’s Non-Disturbance Agreement shall provide,
inter alia, that, upon a Subtenant’s Attornment Event: 
 (i) if applicable from time to time, the
fixed rent and additional rent under the Eligible Sublease shall be increased (but not decreased) so that it is equal (after taking into account any credits, offsets, deductions or entitlements given subtenant) to the Fixed Rent and Additional Rent
which would have been payable under this Sublease with respect to the Subpremises had this Sublease not been terminated; 
 (ii) the Eligible Sublease shall be deemed further amended such that the terms and provisions thereof shall be restated to be the terms and provisions of this

  
 13.

 
Sublease (except that (A) the length of its term shall remain as set forth in the Eligible Sublease, (B) the fixed rent and additional rent shall be as set forth in clause
(i) hereof, if the same is applicable, or as set forth in the Eligible Sublease if clause (i) is not applicable, (C) any Special Lease Rights (as hereinafter defined) relative to the Eligible Sublease shall not be included in the
Eligible Sublease as amended, and (D) if the Eligible Sublease contains any provision which is more restrictive on the subtenant thereunder than any such corresponding provision of this Sublease is on Subtenant, then such more restrictive
sublease provision shall continue to be included in the Eligible Sublease as amended in lieu of the corresponding provision of this Sublease; and 
 (iii) as a condition precedent to Tenant’s obligation to provide a Tenant’s Non-Disturbance Agreement to the subtenant under the applicable Eligible Sublease, the subtenant under the
applicable Eligible Sublease shall, within ten (10) days after the Subtenant’s Attornment Event, deliver to Tenant either (A) proof reasonably satisfactory to Tenant that such subtenant has a net worth and creditworthiness calculated
in accordance with GAAP at least equal to the net worth and creditworthiness of such subtenant at the time of the execution and delivery of the Eligible Sublease or (B) a security deposit (or letter of credit) in an amount equal to twelve
(12) months of fixed rent under the Eligible Sublease (as the same may have been increased to coincide with the Fixed Rent payable hereunder pursuant to clause (i) above. 

(c) As used herein, the following terms shall have the following means: 

(i) “Eligible Sublease” shall mean any sublease entered into by Reval.com, Inc. or a “Related
Corporation” (as defined in the Lease) of Reval.com, Inc. (collectively, the “Named Subtenant”) from time to time under this Sublease as sublandlord with a subtenant approved by Landlord and Tenant and which (A) demises
the entire Subpremises, (B) has a term that expires the day before the Fixed Expiration Date, (C) demises the Subpremises to a subtenant with a net worth computed in accordance with GAAP not less than the greater of the net worth of
Subtenant (1) on the Commencement Date and (2) the date of the applicable sublease, and (D) which is at a rate which is not less than the then fair market rate for such a sublease as reasonably determined by Tenant. 

(ii) “Special Lease Rights”, relative to an Eligible Sublease upon the Subtenant’s Attornment
Event, shall mean (A) any rights under this Sublease which are limited to Named Tenant or dependent upon occupancy of Named Tenant any and all rights of the Subtenant under this Sublease which the subtenant under such Eligible Sublease would
not have as a direct subtenant under this Sublease assuming this Sublease were assigned to such subtenant prior to such Subtenant’s Attornment Event, and (B) any and all rights of the Subtenant under this Sublease which the subtenant under
the Eligible Sublease does not then have as the subtenant under the Eligible Sublease. 
 (d) Notwithstanding anything to
the contrary herein contained, it is understood and agreed that Tenant shall have no obligation to deliver a Tenant’s Non 

  
 14.

 
Disturbance Agreement while any Event of Default shall exist and be continuing hereunder. The preceding Sections 11(b) and (c) are solely for the benefit of Named Subtenant under an Eligible
Sublease. 
 (e) Landlord’s Consent shall in effect provide that notwithstanding the provisions of
Section 19.7(e) of the Lease, Subtenant shall have the rights of Tenant under the provisions of Article 19 of the Lease (subject to Landlord’s consent as and to the extent required under the provisions of such Article 19). In the event
that Landlord consents to any assignment or subletting request of Subtenant, Tenant shall not be permitted to withhold its consent to such assignment or subletting. If Landlord’s Consent does not contain a provision at least as favorable to
Subtenant as the foregoing, then Subtenant shall not be required to accept Landlord’s Consent and may exercise its termination option for a failure to obtain Landlord’s Consent pursuant to Paragraph 18 hereof. 

 

	 	12.	Right to Cure Defaults; Default Interest. 

 (a) If Subtenant fails to cure a default under this Sublease within any applicable grace or cure period set forth in this Sublease, Tenant shall have the right, but not the obligation, to seek to
remedy any such default on behalf of and at the expense of Subtenant, provided, however, that in case of (i) a life safety or property related emergency or (ii) a default which must be cured within a time frame set forth in the Lease which
does not allow sufficient time for prior Notice to be given to Subtenant (but Tenant shall give such Notice (if any) as is reasonable under the circumstances), Tenant shall be entitled to seek to remedy any such default without being required first
to give Notice to Subtenant. Any reasonable out-of-pocket cost and expense (including without limitation reasonable attorneys’ fees and disbursements) so incurred shall be recoverable by Tenant from Subtenant as Additional Rent and shall be due
and payable within twenty (20) days after Notice thereof from Tenant. Furthermore, if Tenant shall reimburse Landlord for expenditures made because of a breach by Subtenant of any of Tenant’s obligations under the Lease which are assumed
by Subtenant hereunder, Subtenant shall, within ten (10) days following Notice, reimburse Tenant, as Additional Rent, in full for the sum so paid by Tenant, together with reasonable attorneys’ fees and disbursements incurred by Tenant.

 (b) Intentionally omitted. 
 (c) If Subtenant shall fail to pay any installment of Rentals within ten (10) days after the due date of such payment, then Subtenant shall pay to Tenant, as Additional Rent, interest thereon
at the Default Rate (as defined herein) from the due date to the date that payment thereof is made by Subtenant to Tenant. “Default Rate” shall mean a rate per annum equal to the lesser of (i) four percent (4%) in excess
of the prime or base commercial annual interest rate being charged by Citibank, N.A. or any successor thereto on the due date of such Fixed Rent or Additional Rent and (ii) the highest rate of interest permitted by applicable laws. 

  
 15.

	 	13.	Limitations upon Obligations of Tenant. 

 (a) Notwithstanding (i) any other provision of this Sublease, and (ii) the incorporation in this Sublease of any provision of the Lease (including, without limitation, Article 8 of the
Lease), Tenant shall have no obligation to (A) furnish or provide, or, except to the extent specifically set forth below in this Section 13(a), to cause to be furnished or provided, any repairs, restoration, alterations or other work, or
electricity, heating, ventilation, air-conditioning, water, elevator, cleaning or other utilities or services of any nature whatsoever to or for any part of the Subpremises or Subtenant’s use and occupancy thereof, (B) comply with or
perform, or, except to the extent specifically set forth below in this Section 13(a), to cause the performance of, or compliance with, any of the terms or conditions to be complied with or performed by Landlord pursuant to the terms of the
Lease, or (C) except to the extent specifically set forth below in this Section 13(a), be responsible for any of the representations, warranties, promises and covenants of Landlord made in the Lease (the items described in clauses (A),
(B) and (C) of this sentence are hereinafter collectively called “Overlease Benefits”). Subject to the provisions of this Section 13(a), Subtenant shall be entitled to receive all Overlease Benefits and Tenant grants
to Subtenant Tenant’s right to receive all such Overlease Benefits with respect to the Subpremises. Subtenant hereby agrees that Subtenant shall look solely to Landlord for the provisions and performance of any and all of the Overlease
Benefits. Notwithstanding the foregoing, at the written request of Subtenant, Tenant shall, at Subtenant’s expense, use commercially reasonable efforts to cause Landlord (and, if applicable, to cause Landlord to cause the Board of Managers) to
perform its obligations under the Lease and provide the Overlease Benefits to Subtenant with respect to the Subpremises if Landlord shall have failed to perform or provide same. When used in connection with Tenant’s commercially reasonable
efforts to cause Landlord to perform its obligations under the Lease, the phrase “at Subtenant’s expense” is intended to require Subtenant to reimburse Tenant for reasonable out of pocket costs approved by Subtenant and incurred by
Tenant after Tenant and Subtenant have consulted in good faith to determine a commercially reasonable strategy for causing Landlord to provide Overlease Benefits to Subtenant, perform its obligations or to grant a consent, Subtenant to reimburse
Tenant for such costs within twenty (20) days after receipt of Notice from Tenant that they have been incurred, which Notice shall include copies of paid bills therefor. If within ten (10) days following written request from Subtenant,
Tenant shall fail to take appropriate action for the enforcement of Landlord’s obligation to provide the Overlease Benefits pursuant to the provisions of this Sublease, Subtenant shall have the right to take such action in its own name, and for
that purpose, all of the rights of Tenant under the Lease are hereby conferred upon and assigned to Subtenant and Subtenant is hereby subrogated to such rights to the extent that same shall apply to the Subpremises. If any such action against
Landlord in Subtenant’s name shall be barred by reason of lack of privity, non-assignability or otherwise, Subtenant may take such action in Tenant’s name, in which event, Tenant shall provide Subtenant with all reasonable cooperation in
connection with such action, at no out-of-pocket cost to Tenant. 
 (b) Tenant shall in no event be liable to Subtenant
for, nor shall Subtenant’s obligations under this Sublease be diminished or affected by, any default by Landlord under the Lease or any failure or delay by Landlord to comply with or perform any of its covenants and obligations thereunder,
including, but not limited to, inconvenience, annoyance, interruption or injury to business arising therefrom, nor shall such default or failure or delay constitute an actual, constructive or partial eviction of Subtenant or entitle Subtenant to a
reduction or abatement in rent, except as provided in the Lease as incorporated herein by reference. 

  
 16.

	 	14.	Additional Services. 

 (a) Subject to the provisions of Section 14(b) of this Sublease, Subtenant shall submit directly to Landlord (or to the managing agent of the Building if such is the practice of Landlord) any
request by Subtenant for additional heating, water, ventilating, air-conditioning, condenser water, cleaning, freight elevator and other similar services which may be available from Landlord or the Board of Managers pursuant to the Lease or
otherwise, if such a request is required to obtain any such additional services. Subtenant shall obtain separate billing directly from, and shall pay directly to, Landlord, at Landlord’s or the Board of Managers applicable prevailing rates, for
all such services and for any additional installation or maintenance charges, sewer rents, other charges, or taxes specified in the Lease that result from the use of such additional services, provided such services are requested by, or are for the
benefit of, Subtenant or other occupants of the Subpremises. With respect to such additional services, and otherwise with respect to proper dealings with Landlord relating to the performance of Landlord’s obligations relating solely to the
Subpremises, in the event that Subtenant deals directly with Landlord, Subtenant shall keep Tenant reasonably apprised of such dealings and Subtenant shall be solely responsible for all expenses, claims, obligations and liabilities arising
therefrom. 
 (b) If Landlord (or the managing agent of the Building) refuses to deal with Subtenant with respect to such
additional services, Tenant shall, at Subtenant’s written request, request such additional services from Landlord (or such managing agent) in writing on Subtenant’s behalf, and if Landlord provides such services, then Subtenant shall pay
Tenant the charges of Landlord therefor, as Additional Rent, within twenty (20) days after Notice thereof is given to Subtenant. If Landlord bills Subtenant directly for such additional services, Subtenant may pay the charges directly to
Landlord. Subject to the provisions of Section 13(a) of this Sublease, Tenant shall have no liability to Subtenant if Landlord fails to provide such additional services. 

 

	 	15.	Insurance. 

Subtenant shall obtain and keep in full force and effect during the Term all policies of insurance required to be obtained by the
“Tenant” under Article 16 of the Lease, and all of the rights and benefits specified therein for the “Landlord” pursuant to such Article shall apply to and inure to the benefit of both Tenant and Landlord. Subtenant shall be
named as the insured under all such policies, and Tenant, Landlord, the managing agent of the Building, the lessor under any Superior Lease, the holder of any Superior Mortgage (and any other parties required under the Lease to be named as
additional insureds) shall be named as additional insureds. Subtenant agrees that all such policies of insurance required to be obtained by the Subtenant shall be primary and non-contributory with respect to any policies of insurance maintained by
Tenant. In addition to the waivers of Tenant and Subtenant pursuant to Article 16 of the Lease, Tenant and Subtenant agree to use commercially reasonable efforts to obtain from their respective insurance companies insuring them against damage by
fire or other casualty, appropriate endorsements on their insurance policies pursuant to which the insurance companies 

  
 17.

 
waive their rights of recovery by way of subrogation or agree that such policies shall not be invalidated should the insured waive in writing, prior to a loss, any or all right of recovery
against any parties for losses covered by such policies. So long as such endorsements remain in effect on the respective insurance policies and do not invalidate such insurance policies, Tenant and Subtenant each hereby waive any and all right of
recovery which it might otherwise have against the other, Landlord, any fee owner or mortgagee and their respective officers, directors, agents, contractors, servants and employees for loss or damage to any personal property in the Subpremises or
any part thereof, to the same extent that their respective insurer’s right of subrogation would be waived if insurance coverage with waiver of subrogation provisions were being maintained by them upon all of such property. 

 

	 	16.	Notices. 

 (a)
Any notice, demand, request, consent or other communication permitted or required to be given by the terms or provisions of this Sublease or by any law or governmental regulation (a “Notice”) either by Subtenant to Tenant or
Tenant to Subtenant shall be in writing and shall be (i) personally delivered against receipt, (ii) sent by certified U.S. mail, return receipt requested and postage prepaid, or (iii) sent by nationally recognized overnight courier.
Notices shall be addressed to the addresses set forth below: 
  

			
	To the Tenant at:	  	Fox-Pitt Kelton Group Limited
		  	c/o Macquarie Holdings (USA), Inc.
		  	125 West 55th Street
		  	New York, New York 10019
		  	Attn: Chris Devine, Regional Leasing Manager
		
	With a copy to:	  	Hogan & Hartson LLP
		  	875 Third Avenue
		  	New York, New York 10022
		  	Attn: Michael R. Kleinerman, Esq.
		
	To the Subtenant at the address set forth above prior to the date Subtenant occupies the Subpremises for the conduct of business and after such date at:	  	Reval.Com, Inc.
		  	420 Fifth Avenue, Unit 15
		  	 New York, New York
 Attn: Chief
Financial Officer

		
	with a copy to:	  	 Cooley LLP
 1114 Avenue of the
Americas
 New York, New York 10036

		  	Attn: Daniel A. Goldberger, Esq.

  
 18.

 (b) Any such Notice shall be deemed to have been rendered or given (i) on the
date when it shall have been hand delivered if delivered on a Business Day or, if delivered on a day other than a Business Day, on the next Business Day, (ii) on the first Business Day after depositing with a reputable overnight delivery
courier or (iii) five (5) Business Days after deposit in the U.S. mail if mailed. The inability to deliver because of a changed address of which no Notice was given or rejection or other refusal to accept any Notice shall be deemed to be
the receipt of the Notice as of the date of such inability to deliver or rejection or refusal to accept. 
 (c) Either
party may, from time to time, by Notice given in the above manner, designate other or additional addresses to which, or persons to whom, Notices shall be sent; such a Notice shall be deemed given upon actual receipt thereof. 

 

	 	17.	Consents. 

 (a)
Whenever the consent or approval of Tenant is required, Subtenant shall also be required to obtain the prior written consent or approval of Landlord and/or the Board of Managers if required pursuant to the Lease, and Subtenant shall provide such
additional information or documents which Landlord and/or the Board of Managers requests or upon which Landlord or the Board of Managers may condition its consent or approval. As Additional Rent, Subtenant shall reimburse Tenant, not later than
twenty (20) days after written demand, for any reasonable fees and disbursements of attorneys, architects, engineers or others charged by Landlord, pursuant to the Lease, in connection with any request for Landlord’s consent or approval.

 (b) Subtenant hereby waives any claim against Tenant which Subtenant may have based upon an assertion that Tenant has
unreasonably withheld, conditioned or delayed any consent or approval requested by Subtenant in violation of any provision in this Sublease pursuant to which Tenant agreed not to unreasonably withhold, condition or delay its consent. In the event
there is a final determination in any such action or proceeding, after exhaustion of any appeals, that Tenant unreasonably withheld, conditioned or delayed its consent in violation of any provision of this Sublease, the requested consent or approval
shall be deemed to have been granted, however, Tenant shall have no liability of any kind to Subtenant for its refusal or failure to give such consent or approval. Without limiting the scope of Tenant’s discretion, the consent or approval of
Tenant shall be deemed properly withheld in the event that Landlord and/or the Board of Managers has withheld or delayed its consent or approval. 
 (c) Subtenant acknowledges that pursuant to the Condominium Documents Subtenant may be required to obtain the consent or approval of the Board of Managers to certain actions to be taken by
Subtenant under this Sublease. If any provision of this Sublease requires the consent or approval of Landlord, Tenant, neither, or both, to any. matter (each, a “Consent Matter”), and the Condominium Documents require the consent or
approval of the Board of Managers to such Consent Matter, then such provision shall be deemed to require the consent or approval of the Board of Managers to such Consent Matter without the necessity of expressly stating so in such provision or
elsewhere in this Sublease. If the Board of 

  
 19.

 
Managers for any reason or no reason refuses or otherwise fails to grant such consent or approval, Subtenant shall have no right to terminate or cancel this Sublease. Tenant shall use
commercially reasonable efforts to cause Landlord to perform Landlord’s obligations to procure the actions of the Board of Managers under Section 40.26 of the Lease. Tenant shall not be obligated to perform any acts, expend any sums or
bring any lawsuits or other legal proceedings, in order to obtain such approval or consent, and Subtenant shall have no right to any claim against Tenant in the event the Board of Managers so refuses or fails to grant such consent or approval.

  

	 	18.	Landlord and Condo Consents to Sublease. 

 This Sublease is expressly conditioned upon obtaining the written consent by Landlord (the “Landlord Consent”) and consent or deemed consent of the Board of Managers (“the
“Condo Consent”). Tenant covenants to promptly submit this Sublease to Landlord for approval, to use good faith commercially reasonable efforts to obtain the Landlord Consent and to timely pay all fees of Landlord in connection with
requesting and obtaining the Landlord Consent and Condo Consent. Subtenant covenants to cooperate with Landlord and the Board of Managers, and within five (5) days after request therefor, supply to Tenant, Landlord and/or the Board of Managers,
all information and documentation which Landlord, Tenant and/or the Board of Managers may reasonably require in connection with (a) the Board of Managers’ consideration of the request for the Condo Consent and (b) Landlord’s
consideration of the request for the Landlord Consent. Tenant shall not be otherwise obligated to perform any acts, expend any sums or bring any lawsuits or other legal proceedings, in order to obtain such Landlord Consent or Condo Consent, and
Subtenant shall have no right to any claim against Tenant in the event that Landlord or the Board of Managers withholds its consent. If Landlord desires to evidence its consent by the execution of a customary consent document requiring the signature
of Tenant and Subtenant, both Subtenant and Tenant covenant to execute and deliver such consent document within five (5) days after receipt thereof. If the Landlord Consent or Condo Consent is refused then this Sublease shall be deemed
terminated and cancelled as of the date of such refusal. If Landlord or the Board of Managers shall otherwise fail to grant such Landlord Consent or Condo Consent in a form reasonably acceptable to Tenant and Subtenant on or before July 1,
2010, then either party may, by Notice to the other, given at any time on or after July 1, 2010 but prior to the granting of such consent, terminate and cancel this Sublease. Within five (5) days after any such termination, Tenant shall
refund to Subtenant any Rentals paid in advance hereunder and the Security Deposit. Upon the making of such refunds, neither party hereto shall have any further obligation to the other under this Sublease, except to the extent that the provisions of
this Sublease expressly survive the termination of this Sublease. 
  

	 	19.	Quiet Enjoyment. 

Tenant covenants that Subtenant, complying with and performing all of the Sublease Obligations imposed upon Subtenant within the
applicable notice and grace periods, shall peacefully and quietly have, hold and enjoy the Subpremises throughout the Term without ejection by Tenant or any person lawfully claiming under Tenant, subject to the terms and provisions of this Sublease
and subject to the terms and provisions of the Lease, the Condominium Documents, any Superior Lease and any Superior Mortgage. 

  
 20.

	 	20.	Brokers. 

Subtenant and Tenant each represents to the other that it has not dealt with any broker, finder or like person or entity in connection
with this Sublease and/or the transactions covered or contemplated hereby other than Cushman & Wakefield and UGL Equis (the “Brokers”). In executing and delivering this Sublease, Tenant and Subtenant have relied upon the
foregoing representation. Tenant and Subtenant shall indemnify and hold each other harmless from and against any and all liabilities, losses, obligations, damages, penalties, claims, costs and expenses (including without limitation reasonable
attorneys’ fees and other charges) arising out of any claim, demand or proceeding for commissions, fees, reimbursement for expenses or other compensation by any person or entity in connection with this Sublease who shall claim to have dealt
with the indemnifying party in connection with the Sublease other than the Brokers. Tenant shall pay any commission due the Brokers. This Section 20 shall survive the expiration or earlier termination of this Sublease. 

 

	 	21.	Intentionally Omitted. 

  

	 	22.	Holding Over. 

 In
addition to any damages to which Tenant may be entitled or other remedies Tenant may have under the incorporated provisions of the Lease or by operation of law or in equity, Subtenant shall pay to Tenant for each month and for each portion of any
month during which Subtenant holds over in the Subpremises after the expiration or termination of the Term, a sum equal to two (2) times the Fixed Rent and Additional Rent which was payable for the last month of the Term under this Sublease.
Any such failure to surrender the Subpremises shall not be deemed to extend the Term or renew this Sublease. The aforesaid obligations shall survive the expiration or sooner termination of the Term and this Sublease. 

 

	 	23.	Subtenant’s Work. 

 Provided Subtenant is not in default beyond any applicable grace or cure period under any of the terms or conditions of this Sublease, Subtenant shall have the right, subject to compliance with the
provisions of this Section 23 and the obtaining of all approvals of the Landlord required pursuant to the Lease, to perform alterations at the Subpremises (“Subtenant’s Work”) in accordance with the applicable provisions
of the Lease. Subtenant shall be responsible for causing to be performed and paying for all of Subtenant’s Work, which shall be performed in strict compliance with the provisions of this Section 23 and other pertinent provisions of this
Sublease, Article 12 of the Lease and the other applicable provisions of the Lease, and Landlord’s construction rules, procedures and scheduling. Any payments required to be paid by Tenant to Landlord pursuant to Article 12 of the Lease with
respect to Subtenant’s Work, shall be reimbursed to Tenant by Subtenant, as Additional Rent, within twenty (20) days after Subtenant’s receipt of Tenant’s statement therefor. 

  
 21.

	 	24.	Security Deposit. 

 (a) Subtenant shall, prior to the Commencement Date, deposit with Tenant and maintain during the Term a sum equal to six (6) months of the initial Fixed Rent (the “Security
Deposit”) as security for the full and faithful performance and observance by Subtenant of Subtenant’s covenants and obligations under this Sublease. Provided that no Event of Default (as hereinafter defined) is then existing, the
amount of the Security Deposit required to be maintained hereunder shall be reduced to three (3) months of the initial Fixed Rent on the first (1st) anniversary of the Rent Commencement Date. 

(b) In lieu of the cash Security Deposit provided for in Section 24(a), Subtenant may at any time during the Term deliver to
Tenant and shall thereafter, except as otherwise provided herein, maintain in effect at all times as required herein, a clean, stand-by, irrevocable letter of credit, in form and substance reasonably satisfactory to Tenant in the amount of the
Security Deposit required pursuant to this Section 24 issued by a banking corporation having assets of at least One Billion ($1,000,000,000.00) Dollars and having its principal place of business or its duly licensed branch or agency in the City
of New York, and, if the issuing bank is not a member of The New York Clearing House Association (or any successor organization), confirmed by Citibank, N.A. or another bank reasonably satisfactory to Tenant which is a member of The New York
Clearing House Association. If such banking corporation is not so located in the City of New York it shall agree to honor delivery of the demand for payment by facsimile followed by express mail delivery of the original demand for payment. Except as
otherwise provided in this Section 24, Subtenant shall, throughout the Term, deliver to Tenant, in the event of the termination of any such letter of credit, replacement letters of credit in substantially the same form as the original letter of
credit or otherwise or in a form reasonably acceptable to Tenant in lieu thereof (each such letter of credit and each such extension or replacement thereof, as the case may be, is hereinafter referred to as a “Security Letter”) no
later than thirty (30) days prior to the expiration date of the preceding Security Letter. The term of each such Security Letter shall be not less than one (1) year and shall be automatically renewable from year to year as aforesaid unless
terminated by the issuer thereof by notice to Tenant given by certified or registered mail, return receipt requested not less than thirty (30) days prior to the expiration thereof If Subtenant shall fail to obtain any replacements of a Security
Letter within the time limits set forth in this Section 24, Tenant may draw down the full amount of the existing Security Letter and retain the same as cash security hereunder. 

(c) In the event of an Event of Default, Tenant may use, apply or retain the whole or any part of the Security Deposit to the
extent required for the payment of any Fixed Rent and Additional Rent or any other sum as to which there has occurred an Event of Default or for any sum which Tenant may expend or may be required to expend by reason of such Event of Default,
including but not limited to, any damages or deficiency accrued before or after summary proceedings or other re-entry by Tenant. To insure that Tenant may utilize the security represented by the Security Letter in the manner, for the purposes, and
to the extent provided in this Section 24, each Security Letter shall provide that the full amount (or any portion) thereof may be drawn down by Tenant upon presentation to the issuing or confirming bank of Tenant’s sight draft drawn on
the issuing bank, provided that Tenant shall only draw down the Security Letter in accordance with the terms of this Section 24. 

  
 22.

 (d) In the event Tenant applies or retains any portion or all of the Security Deposit
delivered hereunder in accordance with this Section 24, Subtenant shall forthwith restore the amount so applied or retained so that at all times the amount deposited shall be not less than the Security Deposit required under the provisions of
this Section 24. 
 (e) If Subtenant shall fully and faithfully comply with all of Subtenant’s covenants and
obligations under this Sublease, the Security Deposit or any balance thereof to which Subtenant is entitled shall be returned or paid over to Subtenant reasonably promptly after the date fixed as the end of the Term and after delivery to Tenant of
entire possession of the Subpremises Tenant shall have the right to transfer the unapplied part of the Security Deposit and the interest thereon, if any, to which Subtenant is entitled, or any interest it may have in the Security Letter, as the case
may be, to the vendee, transferee or lessee of Tenant’s interest in the Lease and Tenant shall thereupon be released by Subtenant from any and all liability for the return or payment thereof, and Subtenant shall look solely to the new Tenant
for the return or payment of same provided the new Tenant has assumed in writing Tenant’s obligations under this Sublease. Tenant shall have the right to require Subtenant (at Tenant’s expense) to deliver a replacement Security Letter
naming the new Tenant as beneficiary and, if Subtenant shall fail to deliver the same within thirty (30) Business Days after notice, to draw down the existing Security Letter and retain the proceeds as cash security hereunder until a
replacement Security Letter is delivered. Subtenant shall not assign or encumber or attempt to assign or encumber the monies deposited herein as security and neither Tenant nor its successors or assigns shall be bound by any such assignment,
encumbrance, or attempted assignment or encumbrance. 
 (f) If the security then held by Tenant is in cash, the reduction
as described in Section 24(a) hereof shall be accomplished by means of a cash payment to Subtenant from Tenant. If the security then held by Tenant is in the form of a Security Letter, a Security Letter in the proper reduced amount shall be
simultaneously exchanged for the existing Security Letter, or, at Subtenant’s option, Tenant will enter into an amendment of the Security Letter, reasonably acceptable to Tenant, reducing the amount thereof to the proper reduced amount or, if
applicable, Tenant shall return the Security Letter to Subtenant. 
  

	 	25.	Conditions of Limitation. 

 (a) This Sublease and the Term and estate hereby granted are subject to the limitation that if (i) Subtenant shall make an assignment of the property of Subtenant for the benefit of creditors
or shall file a voluntary petition under any bankruptcy or insolvency law, or (ii) any involuntary petition alleging an act of bankruptcy or insolvency shall be filed against Subtenant under any bankruptcy or insolvency law, or (iii) a
petition shall be filed by or against Subtenant under the United States Bankruptcy Act or under the provisions of any law of like import, or (iv) a receiver of Subtenant or of or for the property of Subtenant shall be appointed, then Tenant may
(A) at any time after obtaining knowledge of the occurrence of any such event, or (B) if such event occurs without the acquiescence of Subtenant, at any time after the event continues for sixty (60) days, give Subtenant a notice of
intention to end the Term at the 

  
 23.

 
expiration of five (5) days from the date of service of such notice of intention, and upon the expiration of said five (5) day period, this Sublease and the Term and estate hereby
granted, whether or not the Term shall theretofore have commenced, shall terminate with the same effect as if that day were the Expiration Date, but Subtenant shall remain liable for damages. 

(b) This Sublease and the Term and estate hereby granted are subject to further limitation as follows: 

(i) if Subtenant shall fail to pay any installment of Fixed Rent or any Additional Rent or any other charge payable by Subtenant
to Tenant as and when same is due and payable under this Sublease and such failure shall continue for five (5) days after Tenant shall have given Subtenant a notice specifying such failure, or 

(ii) if Subtenant shall do or permit anything to be done, whether by action or inaction, contrary to any of the Sublease
Obligations to be fulfilled, complied with and performed by Subtenant, whether or not the Term shall theretofore have commenced, and, in the event such situation shall arise after the commencement of the Term, shall continue and shall not be
remedied by Subtenant within twenty-five (25) days after Tenant shall have given to Subtenant a notice specifying the same; or, in the case of a situation which cannot with due diligence be remedied within a period of twenty-five (25) days
and the continuation of which for the period required for cure will not subject Landlord to the risk of (x) criminal liability, (y) the sale of, the Building and/or the land on which the Building is located, or (z) termination of any
lease of all or a part of, or foreclosure of any mortgage upon, the Building and/or such land, if Subtenant shall not (A) within said twenty-five (25) day period advise Tenant of Subtenant’s intention to duly institute all steps
necessary to remedy such situation, (B) duly institute within said twenty-five (25) day period, and thereafter diligently and continuously prosecute to completion, all steps necessary to remedy the same and (C) complete such remedy
within such time after the date of the giving of said notice to Tenant as shall reasonably be necessary, as determined by Tenant, or 
 (iii) if any event shall occur or any contingency shall arise whereby this Sublease or the estate hereby granted or the unexpired balance of the Term would, by operation of law or otherwise,
devolve upon or pass to any person, firm or corporation other than Subtenant, except as expressly permitted by Section 11 of this Sublease, then in that event and in any of the instances set forth in the foregoing subsections (i), (ii) and
(iii) (each such event or instance an “Event of Default”), Tenant may give to Subtenant a notice terminating this Sublease on a date which shall not be less than five (5) days from the date of the service of such notice
and, upon the date so fixed, this Sublease and the Term and estate hereby granted, whether or not the Term shall theretofore have commenced, shall terminate with the same effect as if that day were the Expiration Date, but Subtenant shall remain
liable for damages. 
  

	 	26.	Furniture. 

Subtenant shall have the right to use the fixtures, furniture and equipment owned by Tenant and listed on Exhibit A attached hereto and
made a part hereof during the term of this 

  
 24.

 
Sublease. Subtenant shall also have the right (a) to replace those listed items as are functionally unsuited to Subtenant’s business use of the Subpremises (or which Subtenant otherwise
deems appropriate for replacement) with items of comparable value and utility and (b) to discard those listed items (or any replacements thereof), without replacing the same, to the extent that Subtenant’s business use of the Subpremises
does not require the continued use of such listed items (or replacements). Subtenant shall notify Tenant of the items of FF&E being so replaced (or discarded) prior to replacing (or discarding) them. Notwithstanding the forgoing, the aggregate
replacement value of all discarded items shall not exceed Ten Thousand and 00/100 ($10,000.00) Dollars without the approval of Landlord which shall not be unreasonably withheld or delayed. (Such listed items, as so replaced, are referred to herein
as “FF&E”.) Title to all items of FF&E, whether listed or replacements, shall be vested in Landlord. Tenant shall keep and maintain the FF&E in good condition, subject to reasonable wear, tear, obsolescence or damage by
fire or other casualty. Upon the Fixed Expiration Date or such earlier date that Subtenant vacates the Subpremises for reasons other than the occurrence of an Event of Default, Tenant shall abandon the FF&E to Subtenant, and Subtenant shall
thereupon take title to the FF&E. Notwithstanding anything to the contrary contained in this Sublease (including, without limitation, the incorporated provisions hereof), Subtenant shall have no obligation to insure the FF&E. 

 

	 	27.	Miscellaneous. 

(a) No Privity. Nothing contained in this Sublease shall be construed to create privity of estate or of contract between Subtenant
and Landlord. 
 (b) Entire Agreement; Amendments. This Sublease contains the entire agreement between the parties with
respect to the subject matter hereof and all prior negotiations and agreements are merged herein. No agreement hereafter made shall be effective to change, modify, terminate, discharge, waive or effect an abandonment of this Sublease in whole or in
part unless such agreement is in writing, refers specifically to the provisions of this Sublease and is signed by the party against whom enforcement of the change, modification, termination, discharge, waiver or abandonment is sought. 

(c) Governing Law; Jurisdiction. This Sublease shall be construed in accordance with, and governed by, the laws of the State of
New York. All disputes arising out of or relating to this Sublease shall be adjudicated in the State Courts for the State of New York in New York County or in the Federal Courts for the Southern District of New York, and the parties expressly submit
to the jurisdiction of such courts and consent that any order, process, notice of motion or other application to or by any such court or a judge thereof, may be served within or without such court’s jurisdiction by certified mail or by personal
service, provided that a reasonable time for appearance is allowed. 
 (d) Construction. The captions in this Sublease
and its Table of Contents are inserted only as a convenience and for reference and they in no way define, limit or describe the scope of this Sublease or the intent of any provision thereof The Exhibits attached to this

  
 25.

 
Sublease, however, are hereby incorporated by reference and made a part hereof This Sublease shall be construed without regard to any presumption or other rule requiring construction against the
party causing this Sublease to be drafted. 
 (e) Severability. If any term or condition of this Sublease or the
application thereof to any circumstance or to any person, firm or corporation shall be invalid or unenforceable to any extent, the remaining terms and conditions shall not be affected thereby and shall be valid and enforceable to the fullest extent
permitted by law Each covenant, agreement, obligation or other provision of this Sublease on Subtenant’s part to be performed, shall be deemed and construed as a separate and independent covenant of Subtenant, not dependent on any other
provision of this Sublease. 
 (f) Time of the Essence. All time periods set forth in this Sublease shall be deemed to be
TIME OF THE ESSENCE. 
 (g) Access to Subpremises. At all reasonable times after providing notice to Subtenant, which
notice may be oral, Tenant, its representatives and agents, shall have access to the Subpremises for the following purposes: (i) to ascertain the condition of the Subpremises; (ii) to determine whether Subtenant is diligently fulfilling
Subtenant’s responsibilities under this Sublease; or (iii) for the purpose of inspection or repair. Tenant agrees to use commercially reasonable efforts not to materially interfere with Subtenant’s use of the Subpremises. Any entry
into the Subpremises by Tenant shall not constitute an actual eviction, a partial eviction or a constructive eviction, shall not be grounds for any abatement or reduction in rent and shall not impose liability on Tenant for inconvenience or injury
to Subtenant’s business. In addition, Landlord and the Board of Managers shall have access to the Subpremises that is provided under the Lease and all of the applicable provisions of the Lease shall apply to such access. 

(h) Building Directory. Subject to the provisions of the Lease, Tenant shall permit Subtenant to use of the listings on the
directory board of the Building or electronic listings to which Tenant is entitled pursuant to the Lease. All costs with respect to such listings which would be Tenant’s obligation pursuant to the Lease shall be paid to Tenant by Subtenant as
Additional Rent promptly upon demand. 
 (i) Expenses. In the event of any litigation between Tenant and Subtenant
arising out of this Sublease, the non-prevailing party shall pay to the prevailing party (which term shall mean the party which obtains substantially all of the relief sought by such party) on demand all costs and expenses, including without
limitation reasonable attorneys’ fees and disbursements, incurred by the prevailing party in connection with such litigation. 
 (j) Limited Liability; Guaranty of Tenant’s Obligations to Subtenant. Except to the extent expressly set forth herein, neither party shall be liable to the other for indirect, special,
punitive or exemplary damages. In addition, Subtenant shall have no liability or obligation hereunder (including, without limitation, under any incorporated provisions of the Lease) with respect to any violation of law existing as of the date hereof
or any condition existing on the date hereof unless Subtenant’s acts cause such condition to become a violation of law. In addition, Tenant shall deliver to Subtenant prior to delivery of the Landlord Consent and the Condo Consent, the guaranty
by Macquarie Financial Holdings Limited of the payment and performance obligations of Tenant to Subtenant under this Sublease. 

  
 26.

 (k) No Recordation. Neither this Sublease nor any memorandum thereof shall be
recorded. The recordation of this Sublease or any memorandum thereof by Subtenant shall constitute a default by Subtenant under this Sublease. The provisions of this Section 27(k) shall survive the expiration or earlier termination of this
Sublease. 
 (l) No Waivers. Failure by either party in any instance to insist upon the strict performance of any one or
more of the obligations of the other party under this Sublease, or to exercise any election herein contained, or the acceptance of payment of kind with knowledge of default by the other party, shall in no manner be or be deemed to be a waiver by
such party of any defaults or breaches hereunder or of any of its rights and remedies by reason of such defaults or breaches, or a waiver or relinquishment for the future of the requirement of strict performance of any and all of the defaulting
party’s obligations hereunder. Further, no payment by Subtenant or receipt by Tenant of a lesser amount than the correct amount of Rentals due hereunder shall be deemed to be other than a payment on account, nor shall any endorsement or
statement on any check or any letter accompanying any check or payment be deemed to effect or evidence an accord and satisfaction, and Tenant may accept any checks or payments as made without prejudice to Tenant’s right to recover the balance
or pursue any other remedy in this Sublease. 
 IN WITNESS WHEREOF, the parties hereto have duly executed this Sublease, as of
the day and year first above written. 
  

			
	FOX-PITT KELTON GROUP LIMITED
		
	By:	 	 /s/ Amrish Shah

		 	    Name: Amrish Shah
		 	    Title: Director
	
	REVAL.COM, INC.
		
	By:	 	 /s/ Dino Ewing

		 	    Name: Dino Ewing
		 	    Title: CFO

  
 27.

 EXHIBIT A 

FURNITURE, FIXTURES & EQUIPMENT 
 [Attached hereto] 

  
 A-1

 420 FIFTH AVENUE - INVENTORY 
 Reception 
 Reception Desk 

2 x  1/2 Globes on wall (art) behind reception desk 
 2 Steel Case Chairs

 1 Pioneer Flat Screen TV 

Northern Boardroom 
 27 Vitra
Chairs 
 8 Tables arranged to form 1 table 
 1 Wall Cabinet 
 1 Polycom 
 1 Elki Projector 
 3 Pictures on Wall 
 Southern Boardroom 
 25 Vitra Chairs 

4 Tables 
 2 Cabinets 

3 Clocks on Wall 
 Storage Room

 15 File Cabinets 
 1 Wooden
Desk 
 Kitchen 
 LG
Fridge 
 Amana Microwave 
 Asko
Dishwasher 
 Ice Maker 
 2 Keurig
Coffee Machines 
 Governors Conference Room 
 3 Tables 
 1 Cabinets 
 6 Chairs 

  
 1. 

 Empire Conference Room 
 1 Table 
 6 Chairs 
 1 Cabinet 
 Liberty Conference Room 

8 Chairs 
 2 Tables 

1 Cabinet 
  

 
 34 Desks in individual offices

 27 Steelcase Office Chairs in individual offices 
 40 Vitra Chairs in individual offices 
 GBC Binding Machine 

2 Shredding Machines 
 4 Pioneer Flat Screen
TV’s 
 1 Table, 8 Knoll Chairs 

70 Workstations + 65 Steel Case Chairs 
 1 U
Shape Trading Desk 
 1 8 Person Trading Desk 
 11 Person Workstations in Computer Support 

  
 2. 

																									
	 Site Location
	 	 Equipment
Location/CAB
	 	 Items
	 	 Identifier
	 	 Manufacturer
	 	 Model
	 	 Serial No.
	 	 Asset Tag
	 	 Ownership
	 	 Available
	 	 Notes
	 	 Decom
Contact
	 	 Ref

	 NY Office 420 5th Ave – Coms room
	 	Cab R1, rack 15-14	 	UPS	 	APC MPDU	 	APC	 	ZA0520004112	 		 		 	Macquarie	 	Yes	 	2U APC MPDU Power Unit	 	Kip Rashidt	 	USN002
	 NY Office 420 5th Ave – Coms room
	 	Cab R3, Rack 32-33	 	UPS	 	APC Unit	 	APC	 	ZA0615020753	 		 		 	Macquarie	 	Yes	 	2U APC metered power distribution unit	 	Kip Rashidt	 	USN009
	 NY Office 420 5th Ave – Coms room
	 	Cab R5, Rack 42	 	UPS	 	APC InfrastrucXure Manager	 	APC	 		 		 		 	Macquarie	 	Yes	 	1U APC InfrastruXure manager	 	Kip Rashidt	 	USN010
	 NY Office 420 5th Ave – Coms room
	 	Cab R5, Rack 40	 	Switch	 	APC Ethernet Switch	 	APC	 		 		 		 	Macquarie	 	Yes	 	1U APC Ethernet switch	 	Kip Rashidt	 	USN011
	 NY Office 420 5th Ave – Coms room
	 	Cab R5, Rack 32	 	Network Device	 	Gentner AP 500	 	Gentner	 		 		 		 	Macquarie	 	Yes	 	1U Gentner AP 800	 	Kip Rashidt	 	USN012
	 NY Office 420 5th Ave – Coms room
	 	Cab R5, Rack 31	 	Network Device	 	ETC D5-1400	 	ETC	 		 		 		 	Macquarie	 	Yes	 	1U ETC D5-1400	 	Kip Rashidt	 	USN013
	 NY Office 420 5th Ave – Coms room
	 	Cab R5, Rack 30	 	Network Device	 	ETC D5-1616 Station Controller	 	Etc	 		 		 		 	Macquarie	 	Yes	 	1U ETC DS-1616 Station Controller	 	Kip Rashidt	 	USN014
	 NY Office 420 5th Ave – Coms room
	 	Cab R5, Rack 28-29	 	Modem	 	PEAVEY UMA 75T11	 	PEAVEY	 		 		 		 	TBD	 	TBD	 	2U PEAVEY UMA 75T11 Mixer/amplifier	 	Kip Rashidt	 	USN015
	 NY Office 420 5th Ave – Coms room
	 	Cab R8, Rack 31-32	 	Gateway	 	US-NYO-G700-2	 	AVAYA	 	06KC38000710	 	06KC38000710	 		 	Macquarie	 	Yes	 	2U AVAYA media gateway, model G700	 	Kip Rashidt	 	USN016
	 NY Office 420 5th Ave – Coms room
	 	Cab R8, Rack 29-30	 	Gateway	 	US-NYO-G700-1	 	AVAYA	 	06KC38000706	 	06KC38000706	 		 	Macquarie	 	Yes	 	2U AVAYA media gateway, model G700	 	Kip Rashidt	 	USN017
	 NY Office 420 5th Ave
	 	IT	 	Desktop PC	 		 	IBM MS2	 		 		 		 	Macquarie	 	Yes	 	TOTAL: 15	 	Rob Schiffl	 	USN018
	 NY Office 420 5th Ave
	 	Trading	 	Desktop PC	 		 	IBM MS2	 		 		 		 	Macquarie	 	Yes	 	TOTAL: 12	 	Rob Schiffl	 	USN019
	 NY Office 420 5th Ave
	 	Sales	 	Desktop PC	 		 	IBM MS2	 		 		 		 	Macquarie	 	Yes	 	TOTAL: 21	 	Rob Schiffl	 	USN020
	 NY Office 420 5th Ave
	 	Research	 	Desktop PC	 		 	IBM MS2	 		 		 		 	Macquarie	 	Yes	 	TOTAL: 24	 	Rob Schiffl	 	USN021
	 NY Office 420 5th Ave
	 	OPS	 	Desktop PC	 		 	IBM MS2	 		 		 		 	Macquarie	 	Yes	 	TOTAL: 6	 	Rob Schiffl	 	USN022
	 NY Office 420 5th Ave
	 	Facilities/HR/ Finance/Compliance	 	Desktop PC	 		 	IBM MS2	 		 		 		 	Macquarie	 	Yes	 	TOTAL: 10	 	Rob Schiffl	 	USN023
	 NY Office 420 5th Ave
	 	Facilities/HR/ Finance/Compliance	 	Laptop	 		 	Lenovo x61	 		 		 		 	Macquarie	 	Yes	 	TOTAL: 4	 	Rob Schiffl	 	USN024
	 NY Office 420 5th Ave
	 	Advisory	 	Desktop PC	 		 	IBM MS2	 		 		 		 	Macquarie	 	Yes	 	TOTAL: 12	 	Rob Schiffl	 	USN025
	 NY Office 420 5th Ave
	 	Advisory	 	Desktop PC	 		 	Lenovo x61	 		 		 		 	Macquarie	 	Yes	 	TOTAL: 3	 	Rob Schiffl	 	USN026
	 NY Office 420 5th Ave
	 	ECM	 	Desktop PC	 		 	IBM MS2	 		 		 		 	Macquarie	 	Yes	 	TOTAL: 4	 	Rob Schiffl	 	USN027

  

	–	All TV’s 

	–	Projector in Hudson conference room 

	–	Audio system 

	–	Polycom video conference system (and accessories) in Hudson conference room 

	–	 All physical security on
5th floor 

	–	All items in the storage room behind the computer 

  
 3.Amended and Restated Loan and Security Agreement

 Exhibit 10.12 
 AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT 
 THIS AMENDED AND
RESTATED LOAN AND SECURITY AGREEMENT (this “Agreement”) dated as of March 21, 2012 (the “Effective Date”) among (a) SILICON VALLEY BANK, a California corporation with a loan production office
located at 505 Fifth Avenue, 11th Floor, New York, New York 10017 (“Bank”), and (a) REVAL.COM, INC., a Delaware corporation (“Reval.com”), and (b) FXPRESS CORPORATION, a Pennsylvania
corporation (“FXpress”, and together with Reval.com, jointly and severally, individually and collectively, “Borrower”), provides the terms on which Bank shall lend to Borrower and Borrower shall repay Bank. This
Agreement amends and restates in its entirety the terms and conditions of that certain Loan and Security Agreement among Borrower and Bank dated as of June 12, 2009, (as amended, supplemented or otherwise modified from time to time, the
“Prior Loan Agreement”). The parties agree as follows: 
 1 ACCOUNTING AND OTHER TERMS

 Accounting terms not defined in this Agreement shall be construed following GAAP. Except as otherwise specified,
calculations and determinations must be made following GAAP. All financial covenant calculations shall be computed on a consolidated basis. 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, Bank shall make Advances not exceeding the Availability
Amount. Amounts borrowed under the Revolving Line may be repaid and, prior to the Revolving Line Maturity Date, reborrowed, subject to the applicable terms and conditions precedent herein. 

(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 Prior Term Loan. 
 (a) Availability. Borrower is obligated to
Bank for the 2012 Term Loan Advance (as defined in the Prior Loan Agreement, which shall be defined herein as the “Prior Term Loan”), made by Borrower to Bank pursuant to Section 2.1.7 of the Prior Loan Agreement. Borrower
acknowledges that, as of the Effective Date, the outstanding principal amount of the Prior Term Loan is Five Million Dollars ($5,000,000.00). Borrower acknowledges and agrees there is no availability under the Prior Term Loan, and no amount of the
Prior Term Loan may be reborrowed. 
 (b) Interest Payments. Commencing on April 1, 2012, and continuing on each
Payment Date thereafter, Borrower shall make monthly payments of interest on the Prior Term Loan at the rate set forth in Section 2.3(a)(ii). 
 (c) Repayment. Commencing on January 1, 2013 and continuing on the Payment Date of each month thereafter, the Prior Term Loan is payable in: (i) thirty six (36) consecutive equal
monthly payments of principal, plus (ii) monthly payments of accrued interest at the rate set forth in Section 2.3(a)(ii). All unpaid principal and accrued interest and any other outstanding Obligations with respect to the Prior Term Loan
is due and payable in full on the Prior Term Loan Maturity Date. 
 (d) Mandatory Prepayment Upon an Acceleration. If the
Prior Term Loan is accelerated following the occurrence of an Event of Default or otherwise, Borrower shall immediately pay to Bank an amount 

 
equal to the sum of: (i) all outstanding principal under the Prior Term Loan, plus accrued interest, plus (ii) the Prepayment Premium, plus (iii) all other sums, if any, that shall
have become due and payable, including interest at the Default Rate with respect to any past due amounts. 
 (e) Permitted
Prepayment of the Prior Term Loan. Borrower shall have the option to prepay all, but not less than all, of the Prior Term Loan, provided Borrower (i) provides written notice to Bank of its election to prepay the Prior Term Loan at least
thirty (30) days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) all outstanding principal under the Prior Term Loan, plus accrued interest, (B) the Prepayment Premium, and (C) all other sums, if
any, that shall have become due and payable, including interest at the Default Rate with respect to any past due amounts. 

2.2 Overadvances. If, at any time, the sum of (a) the outstanding principal amount of any Advances, plus (b) the
aggregate amount of any Reserves exceeds the lesser of either the Revolving Line or the Borrowing Base, Borrower shall immediately pay to Bank in cash such excess. 
 2.3 Payment of Interest on the Credit Extensions. 
 (a) Interest
Rate. 
 (i) Revolving Line. 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 the Prime Rate plus one and three quarters of one percent (1.75%), which interest shall be payable monthly in accordance with Section 2.3(f) below. 

(ii) Prior Term Loan. Subject to Section 2.3(b), the principal amount outstanding under the Prior Term Loan shall accrue
interest at a floating per annum rate equal to two and one quarter of one percent (2.25%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.3(f) below. 

(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 four percentage points (4.0%) above the rate that is otherwise applicable thereto (the “Default Rate”). Payment or acceptance of the increased 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) Payments. Unless otherwise provided, interest is payable monthly on the Payment Date. Payments of principal and/or
interest received after 12:00 p.m. Eastern time are considered received at the opening of business on the next Business Day. When any payment is due on a day that is not a Business Day, the payment shall be due the next Business Day and all fees or
interest, as applicable, shall continue to accrue until paid. 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. 

(g) Prepayment. Notwithstanding anything to the contrary contained herein, Borrower has the option, at any time upon thirty
(30) days’ prior written notice to Bank, to terminate this Agreement in accordance with Section 2.5 by paying to Bank, in cash, the Obligations in full (subject to the Prepayment Premium and Early Termination Fee, when due under this
Agreement, but otherwise without premium or penalty). If Borrower has sent a notice of termination pursuant to the provisions of this Section and Section 2.5, then Bank’s obligations to extend

  
 -2-

 
credit hereunder shall terminate and Borrower shall be obligated to repay the Obligations in full (subject to the Prepayment Premium and Early Termination Fee, when due under this Agreement, but
otherwise without premium or penalty) on the date set forth as the date of termination of this Agreement in such notice. 

2.4 Fees. Borrower shall pay to Bank: 
 (a) Prepayment Premium. The Prepayment Premium, when due hereunder; and 
 (b)
Bank Expenses. All Bank Expenses (including reasonable attorneys’ fees and expenses, plus expenses, for documentation and negotiation of this Agreement) incurred through and after the Effective Date, when due. 

2.5 Early Termination Fee. This Agreement may be terminated prior to the Revolving Line 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(b). 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 Fifty Thousand Dollars
($50,000.00) (the “Early Termination Fee”), provided that no Early Termination Fee shall be charged if the credit facility hereunder is replaced with a new facility from another division of Silicon Valley Bank. 

3 CONDITIONS OF LOANS 
 3.1 Conditions Precedent to Initial Credit Extension. Bank’s obligation to make the initial Credit Extension 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) duly executed original signatures to the Loan Documents to which it is a party; 
 (b) duly executed original signatures to the Control Agreements; 
 (c)
Borrower’s Operating Documents and a good standing certificate of Borrower certified by the Secretary of State of the State of Delaware with respect to Reval.com and the Secretary of State of the Commonwealth of Pennsylvania with respect to
FXpress as of a date no earlier than February 9, 2012; 
 (d) Secretary’s Certificate with completed Borrowing
Resolutions for Borrower; 
 (e) the subordination agreement duly executed by Parent in favor of Bank, together with the duly
executed original signatures thereto; 
 (f) Certified copies, dated as of a recent date, of financing statement searches, as
Bank shall request, accompanied by written evidence (including any UCC termination statements) that the Liens indicated in any such financing statements either constitute Permitted Liens or have been or, in connection with the initial Credit
Extension, will be terminated or released; 
 (g) the Perfection Certificates executed by Borrower and Guarantor, together with
the duly executed original signatures thereto; 
 (h) the duly executed original signatures to the Guaranty; 

(i) the Security Agreement by Parent; 
 (j) Parent’s Operating Documents and a good standing certificate of Parent certified by the Secretary of State of the State of Delaware as of a date no earlier February 9, 2012; 

(k) Secretary’s Certificate with completed resolutions for Parent (as Guarantor); 

  
 -3-

 (l) evidence satisfactory to Bank that the insurance policies required by Section 6.5
hereof are in full force and effect, together with appropriate evidence showing lender loss payable and/or additional insured clauses or endorsements in favor of Bank; and 
 (m) payment of 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 conditions precedent:

 (a) except as otherwise provided in Section 3.4, timely receipt of an executed Transaction Report; 

(b) the representations and warranties in Section 5 shall be true, accurate and complete in all material respects on the date of the
Transaction Report 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 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, accurate and complete 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 any material impairment in the general affairs, management, results of operation, financial condition or the prospect of repayment of the
Obligations, or any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank. 
 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 precedent to any Credit Extension. Borrower expressly agrees that a Credit Extension made 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 the making of any Credit Extension in the absence of a required item shall be in Bank’s sole discretion. 
 3.4 Procedures for Borrowing. Subject to the prior satisfaction of all other applicable conditions to the making of a Credit Extension set forth in this Agreement, to obtain a Credit Extension,
Borrower shall notify Bank (which notice shall be irrevocable) by electronic mail, facsimile, or telephone by 12:00 noon Eastern time on the Funding Date of such Credit Extension. Together with any such electronic or facsimile notification, Borrower
shall deliver to Bank by electronic mail or facsimile a completed Transaction Report executed by a Responsible Officer or his or her designee. Bank may rely on any telephone notice given by a person whom Bank believes is a Responsible Officer or
designee. Bank shall credit Credit Extensions to the Designated Deposit Account. Bank may make Credit Extensions under this Agreement based on instructions from a Responsible Officer or his or her designee or without instructions if such Credit
Extensions are necessary to meet Obligations which have become due. 
 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 with a reasonably anticipated value in excess of Fifty Thousand Dollars ($50,000.00), 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. 

  
 -4-

 If this Agreement is terminated, Bank’s Lien in the Collateral shall continue until the
Obligations (other than inchoate indemnity obligations) are repaid in full in cash. Upon payment in full in cash of the Obligations and at such time as Bank’s obligation to make Credit Extensions has terminated, Bank shall, at Borrower’s
sole cost and expense, release its Liens in the Collateral and all rights therein shall revert to Borrower. Borrower acknowledges that it previously has entered, and/or may in the future enter, into Bank Services Agreements with Bank. Regardless of
the terms of any Bank Services Agreement, Borrower agrees that any amounts Borrower owes Bank thereunder shall be deemed to be Obligations hereunder and that it is the intent of Borrower and Bank to have all such Obligations secured by the first
priority perfected security interest in the Collateral granted herein (subject only to Permitted Liens that expressly have superior priority to Bank’s Lien in this Agreement). In the event (a) all Obligations (other than inchoate indemnity
obligations), except for Bank Services, are satisfied in full, and (b) this Agreement is terminated, Bank shall terminate the security interest granted herein upon Borrower providing cash collateral acceptable to Bank in its good faith business
judgment for Bank Services, if any. In the event such Bank Services consist of outstanding Letters of Credit, Borrower shall provide to Bank cash collateral in an amount equal to (i) one hundred five percent (105.0%) of the face amount of
all such Letters of Credit denominated in Dollars, and (ii) one hundred ten percent (110.0%) of the Dollar Equivalent of the face amount of all such Letters of Credit denominated in a Foreign Currency, 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 such Letters of Credit. 
 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. Such financing statements may indicate the
Collateral as “all assets of the Debtor” or words of similar effect, or as being of an equal or lesser scope, or with greater detail, all in Bank’s discretion. 
 5 REPRESENTATIONS AND WARRANTIES 
 Borrower represents and warrants
as follows at all times unless expressly provided below: 
 5.1 Due Organization, Authorization; Power and Authority.
Borrower and each of its Subsidiaries are duly existing and in good standing as Registered Organizations 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 effect on Borrower’s business. Except as set forth
on Schedule 5.1 hereof, each Borrower hereby ratifies, confirms and reaffirms, all and singular, the terms and disclosures contained in those certain Perfection Certificates for each Borrower dated as of November 12, 2010 delivered by
each Borrower to Bank (individually and collectively, the “Perfection Certificate”), and acknowledges, confirms and agrees that, except as set forth in Schedule 5.1 hereof, the disclosures and information each Borrower
provided to Bank in the Perfection Certificate have not changed, as of the date hereof. 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 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 (it being understood and agreed that Borrower may from time to time update certain information in
the Perfection Certificate after the Effective Date to the extent permitted by one or more specific provisions in this Agreement). 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. 
 The execution, delivery and
performance by Borrower of the Loan Documents to which it is a party have been duly authorized, and do not (i) conflict with any of Borrower’s organizational documents, (ii) contravene, conflict with, constitute a default under or
violate any material Requirement of Law, (iii) contravene, conflict or violate any applicable order, writ, judgment, injunction, decree, determination or award of any Governmental Authority by which Borrower or any of its Subsidiaries or any of
their property or assets may be bound or affected, 

  
 -5-

 
(iv) require any action by, filing, registration, or qualification with, or Governmental Approval from, any Governmental Authority (except such Governmental Approvals which have already been
obtained and are in full force and effect), or (v) 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 Borrower or any of its
Subsidiaries may be bound in which the default could reasonably be expected to have a material adverse effect on Borrower’s business. 
 5.2 Collateral. Borrower has good title to, has rights in, and the power to transfer each item of the Collateral upon which it purports to grant a Lien hereunder, free and clear of any and all
Liens except Permitted Liens. Borrower has no deposit accounts other than the deposit accounts with Bank, the deposit accounts, if any, described in the Perfection Certificate delivered to Bank in connection herewith, or of which Borrower has given
Bank notice and taken such actions as are necessary to give Bank a perfected security interest therein. The Accounts are bona fide, existing obligations of the Account Debtors. 

The Collateral is not in the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection
Certificate. None of the components of the Collateral shall be maintained at locations other than as provided in the Perfection Certificate or as permitted pursuant to Section 7.2. In the event that Borrower, after the date hereof, intends to
store or otherwise deliver any portion of the Collateral to a bailee, then Borrower will first receive the written consent of Bank and such bailee must execute and deliver a bailee agreement in form and substance satisfactory to Bank in its sole
discretion. 
 All Inventory is in all material respects of good and marketable quality, free from material defects. 

Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any material license or other agreement with
respect to which Borrower is the licensee (a) that prohibits or otherwise restricts Borrower from granting a security interest in Borrower’s interest in such license or agreement or any other property, or (b) for which a default under
or termination of which could interfere with the Bank’s right to sell any Collateral. Borrower shall provide written notice to Bank within ten (10) days of entering or becoming bound by any such license or agreement (other than
over-the-counter software that is commercially available to the public). Borrower shall take such steps as Bank requests to obtain the consent of, or waiver by, any person whose consent or waiver is necessary for (x) all such licenses or
agreements to be deemed “Collateral” and for Bank to have a security interest in it that might otherwise be restricted or prohibited by law or by the terms of any such license or agreement, whether now existing or entered into in the
future, and (y) Bank to have the ability in the event of a liquidation of any Collateral to dispose of such Collateral in accordance with Bank’s rights and remedies under this Agreement and the other Loan Documents. 

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. Whether or not an Event of Default has occurred and is continuing, Bank may notify any Account Debtor owing Borrower money of Bank’s security interest in such funds and verify the amount of such Eligible Account. 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 Eligible Accounts in any Borrowing Base Certificate. To the best of 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. 
 5.4 Litigation. Except as provided in the Perfection Certificate, as of the Effective Date and at such other times required hereunder, including pursuant to Section 3.2, 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 Fifty Thousand Dollars ($50,000.00). 

5.5 No Material Deterioration in Financial Condition; 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 as of and for the periods set forth therein. 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. 

  
 -6-

 5.6 Solvency. The fair salable value of Borrower’s assets (including goodwill
minus disposition costs) exceeds the fair value of its liabilities; 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.

 5.7 Regulatory Compliance. Borrower is not an “investment company” or a company “controlled” by an
“investment company” under the Investment Company Act of 1940, as amended. Borrower is not engaged as one of its important activities in extending credit for margin stock (under Regulations X, T and U of the Federal Reserve Board of
Governors). Borrower has complied in all material respects with the Federal Fair Labor Standards Act. Neither Borrower nor any of its Subsidiaries is a “holding company” or an “affiliate” of a “holding company” or a
“subsidiary company” of a “holding company” as each term is defined and used in the Public Utility Holding Company Act of 2005. Borrower has not violated any laws, ordinances or rules, the violation of which could reasonably be
expected to have a material adverse effect on its business. 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 their respective businesses as currently conducted. 
 5.8 Subsidiaries; Investments. Borrower does not own any stock, partnership interest or other equity securities except for Permitted Investments. 

5.9 Tax Returns and Payments; Pension Contributions. Borrower and its Subsidiaries have timely filed all required tax returns and
reports that involve Ten Thousand Dollars ($10,000.00) or more, and Borrower and its Subsidiaries have timely paid all foreign, federal, state and 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 representation, warranty, or other statement was 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. 
 (a) 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 have a material adverse effect on Borrower’s
business or operations. Borrower shall 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. 

  
 -7-

 (b) Obtain all of the Governmental Approvals necessary for the performance by Borrower of
its obligations under the Loan Documents to which it is a party and the grant of a security interest to Bank in all of its property. Borrower shall promptly provide copies of any such obtained Governmental Approvals to Bank. 

6.2 Financial Statements, Reports, Certificates. 
 (a) Deliver to Bank: (i) as soon as available, but no later than thirty (30) days after the last day of each month, a company prepared consolidated balance sheet, income statement and a
statement of cash flow covering Borrower’s consolidated operations for such month certified by a Responsible Officer and in a form acceptable to Bank; (ii) as soon as available, but no later than one hundred eighty (180) 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 an independent certified public accounting firm
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; (iv) a prompt report of any legal actions pending or threatened against Borrower or any of its Subsidiaries that could result in damages or costs to Borrower or
any of its Subsidiaries of Two Hundred Fifty Thousand Dollars ($250,000.00) or more; (v) as soon as possible, but no later than ten (10) days after board-approval, and within thirty (30) days after the last day of each fiscal year,
and contemporaneously with any updates thereto, board-approved projections; and (vi) budgets, sales projections, operating plans and other financial information reasonably requested by Bank. 

(b) Within twenty (20) days of the last day last day of each month, (A) monthly accounts payable agings, aged by invoice date,
and outstanding or held check registers, if any, and (B) monthly reconciliations of accounts receivable agings (aged by invoice date), transaction reports, Deferred Revenue report and general ledger. 

(c) (i) on the first (1st) and fifteenth (15th) day of each month (during a Streamline Period, monthly, within twenty (20) days after the last day of earch
month), and (ii) upon each request for a Credit Extension, a Transaction Report. 
 (d) Within thirty (30) days after
the last day of each month, 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. In addition to the foregoing, Borrower shall deliver such Compliance Certificate to Bank on January 15, 2013, which shall include, without limitation, calculations with respect to Borrower’s compliance with Section 6.7 as
of such date. 
 (e) Allow Bank to audit Borrower’s Collateral at Borrower’s expense in a manner designed to minimize
disruption to Borrower’s business; provided, however, prior to an Event of Default, Bank will provide Borrower with notice prior to completing any such audit. Such audits shall be conducted no more often than twice every twelve (12) months
unless an Event of Default has occurred and is continuing. The foregoing inspections and audits shall be at Borrower’s expense, and the charge therefor shall be Eight Hundred Fifty Dollars ($850.00) 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. 
 6.3
Inventory; Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective
Date. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Hundred Fifty Thousand Dollars ($150,000.00). 
 6.4 Taxes; Pensions. Timely file, and require each of its Subsidiaries to timely file, all required tax returns and reports and timely pay, and require each of its Subsidiaries to timely pay all
foreign, federal, state and local taxes, assessments, deposits and contributions owed by Borrower and each of its Subsidiaries, except for deferred payment of any taxes contested pursuant to the terms of Section 5.9 hereof, and shall deliver to
Bank, on demand, appropriate certificates attesting to such payments, and pay all amounts necessary to fund all present pension, profit sharing and deferred compensation plans in accordance with their terms. 

  
 -8-

 6.5 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 reasonably satisfactory to Bank (it being acknowledged by Bank that as
of the Effective Date, the insurance policies maintained by Borrower are satisfactory to Bank). All property policies shall have a lender’s loss payable endorsement showing Bank as the sole lender loss payee and waive subrogation against Bank
and shall provide that the insurer must give Bank at least twenty (20) days notice before canceling, amending, or declining to renew its policy. All liability policies shall show, or have endorsements showing, Bank as an additional insured, and
all such policies shall provide that the insurer shall endeavor to 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. If Borrower fails to obtain insurance as required under this Section 6.5 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 6.5, and take any action under the policies Bank deems prudent.

 6.6 Operating Accounts. 
 (a) Maintain all of its and all of its Subsidiaries’ and Parent’s operating and other deposit accounts with Bank; provided, however, the Parent may maintain an account with Wells Fargo so long
as the aggregate amount of funds in such account does not exceed One Hundred Fifty Thousand Dollars ($150,000.00) at any time. In addition, Borrower, and all Borrower’s Subsidiaries and Borrower’s Parent, shall maintain Borrower’s and
such Subsidiaries’ and Parent’s securities accounts with Bank or Bank’s Affiliates, provided that Bank or Bank’s Affiliate is offering terms competitive (equal or better rates and terms) with similar investment vehicles for
Borrower’s Permitted Investments. Subject to the immediately preceding sentence, any Guarantor shall maintain all depository, operating and securities accounts with Bank, or SVB Securities. 

(b) Provide Bank five (5) days prior written notice before establishing any Collateral Account at or with any bank or financial
institution other than Bank or Bank’s Affiliates. For each Collateral Account that Borrower or Guarantor 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, which Control
Agreement may not be terminated without the prior written consent of the Bank. 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. 
 (c) On or before April 9, 2012,
Borrower shall establish a lockbox with Bank (the “Lockbox”). On or before June 9, 2012, Borrower shall direct each Account Debtor (and each depository institution where proceeds of Accounts are on deposit) to make payments
with respect to all Accounts to the Lockbox, except as otherwise permitted pursuant to Section 6.11(c). 
 6.7 Financial
Covenant - Adjusted Quick Ratio. As of January 15, 2013, and at all times thereafter, maintain at all times an Adjusted Quick Ratio of at least 1.25 to 1.0, to be tested (i) on January 15, 2013, and (ii) as of the last day of
each month, commencing with the month ending January 31, 2013. 
 6.8 Protection of 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. 
 6.9 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, 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. 

6.10 Further Assurances. 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. Deliver to Bank, within five (5) days after the same are sent or received, copies of all correspondence, reports, documents and other filings with any
Governmental Authority regarding compliance with or maintenance of Governmental Approvals or Requirements of Law or that could reasonably be expected to have a material effect on any of the Governmental Approvals or otherwise on the operations of
Borrower or any of its Subsidiaries. 

  
 -9-

 6.11 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; (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 (A) the Revolving Line, and (B) the amount available under the Borrowing Base. 

(c) Collection of Accounts. Borrower shall have the right to collect all Accounts, unless and until a Default or an Event of
Default has occurred and is continuing. All payments on, and proceeds of, Accounts shall be deposited directly by the applicable Account Debtor into a lockbox account, or such other “blocked account” as Bank may specify, pursuant to a
blocked account agreement in form and substance satisfactory to Bank in its sole discretion. Whether or not an Event of Default has occurred and is continuing, Borrower shall immediately deliver all payments on and proceeds of Accounts to an account
maintained with Bank to be applied (i) prior to an Event of Default, to the Revolving Line pursuant to the terms of Section 2.3 hereof, and (ii) after the occurrence and during the continuance of an Event of Default, pursuant to the
terms of Section 9.4 hereof, provided that during a Streamline Period, such payments and proceeds shall be transferred by Bank to an account of Borrower maintained in accordance with Section 6.6 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 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. 

6.12 Remittance of Proceeds. Except as otherwise provided in Section 6.11(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 (1) prior to an Event of Default, pursuant to the
terms of Section 2.3 hereof, and (2) after the occurrence and during the 

  
 -10-

 
continuance of an Event of Default, pursuant to the terms of Section 9.4 hereof; provided that, if no Event of Default has occurred and is continuing, Borrower shall not be obligated to
remit to Bank the proceeds of the sale of surplus, worn out or obsolete Equipment disposed of by Borrower in good faith in an arm’s length transaction for an aggregate purchase price of Two Hundred Thousand Dollars ($200,000.00) or less (for
all such transactions in any fiscal year). Borrower agrees that it will maintain all proceeds of Collateral in an account maintained with Bank. Nothing in this Section limits the restrictions on disposition of Collateral set forth elsewhere in 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, assign 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 Transfers (a) of Inventory in the ordinary course of business; (b) of worn-out or obsolete Equipment; and (c) in connection with Permitted Liens and Permitted Investments. 

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 thereto; (b) liquidate or dissolve; or (c) (i) have a change in management such that any Key
Person ceases to hold such office with Borrower and a replacement satisfactory to Bank is not made within ninety (90) days after such Key Person’s departure from Borrower, or (ii) 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 forty percent (40.0%) 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 investors so long as Borrower identifies to Bank the venture capital investors prior to the closing of the
transaction). Borrower shall not, without at least thirty (30) days prior written notice to Bank: (1) add any new offices or business locations, including warehouses (unless such new offices or business locations contain less than
Twenty-Five Thousand Dollars ($25,000.00) in Borrower’s assets or property), (2) change its jurisdiction of organization, (3) change its organizational structure or type, (4) change its legal name, or (5) change any
organizational number (if any) assigned by its jurisdiction of organization. 
 7.3 Mergers or Acquisitions. Without
Bank’s prior written consent, which shall not be unreasonably withheld, 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, allow, or suffer any Lien on any of its 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, 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 as is otherwise permitted in Section 7.1 hereof and the definition of “Permitted Liens” herein. 

7.6 Maintenance of Collateral Accounts. Maintain any Collateral Account except pursuant to the terms of Section 6.6(b)
hereof. 
 7.7 Distributions; Investments. (a) Pay any dividends or make any distribution or payment or redeem,
retire or purchase any capital stock, provided that Borrower may repurchase the stock of former employees or consultants pursuant to stock repurchase agreements so long as an Event of Default does not exist at the time of any such repurchase and
would not exist after giving effect to such repurchase, provided that such repurchases not exceed One Hundred Thousand Dollars ($100,000.00) in the aggregate per fiscal year; or (b) directly or indirectly make any Investment other than
Permitted Investments, or permit any of its Subsidiaries to do so. Subsidiaries listed on the Perfection Certificate shall be considered Permitted Investments. 

  
 -11-

 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 adversely affect the subordination thereof to Obligations owed to Bank. 
 7.10
Compliance. Become an “investment company” or a company controlled by an “investment company”, under the Investment Company Act of 1940, as amended, 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 would reasonably be expected to have a material adverse effect on
Borrower’s business, 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 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. 
 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 (under (a) or (b) above) are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Revolving Line Maturity Date or Prior Term Loan Maturity
Date, or the date of acceleration pursuant to Section 9.1(a) herein). 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, 6.4, 6.5, 6.6, 6.7, 6.11 or 6.12, or violates any covenant in Section 7; or 

(b) Borrower or any of its Subsidiaries 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; Levy; Restraint on Business. 

(a) (i) The service of process seeking to attach, by trustee or similar process, any funds of Borrower or of any entity under control of
Borrower (including a Subsidiary) on deposit with Bank or any Bank Affiliate, or (ii) a notice of lien, levy, or assessment is filed against any of Borrower’s assets by any government

  
 -12-

 
agency, and the same under subclauses (i) and (ii) hereof are not, within ten (10) days after the occurrence thereof, discharged or stayed (whether through the posting of a bond or
otherwise); provided, however, no Credit Extensions shall be made during any ten (10) day cure period; and 
 (b) (i) any
material portion of Borrower’s assets is attached, seized, levied on, or comes into possession of a trustee or receiver, or (ii) any court order enjoins, restrains, or prevents Borrower from conducting any part of its business; 

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 accelerate the maturity of any
Indebtedness in an amount in excess of Fifty Thousand Dollars ($50,000.00) or that could have a material adverse effect on Borrower’s or any Guarantor’s business; 
 8.7 Judgments. One or more judgments, orders, or decrees for the payment of money in an amount, individually or in the aggregate, of at least Fifty Thousand Dollars ($50,000.00) (not covered by
independent third-party insurance as to which liability has been accepted by such insurance carrier) shall be rendered against Borrower and shall remain unsatisfied, unvacated, or unstayed for a period of ten (10) days after the entry thereof
(provided that no Credit Extensions will be made prior to the satisfaction, vacation, or stay of such judgment, order, or decree); 
 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; 

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; 
 8.10 Guaranty. (a) Any guaranty of any Obligations terminates or ceases for any reason to be in full force and effect; (b) any Guarantor does not perform any obligation or covenant under
any guaranty of the Obligations; (c) any circumstance described in Sections 8.3, 8.4, 8.5, 8.7, or 8.8. occurs with respect to any Guarantor; (d) the death, liquidation, winding up, or termination of existence of any Guarantor; or
(e) (i) a material impairment in the perfection or priority of Bank’s Lien in the collateral provided by Guarantor or in the value of such collateral or (ii) a material adverse change in the general affairs, management, results
of operation, condition (financial or otherwise) or the prospect of repayment of the Obligations occurs with respect to any Guarantor; or 
 8.11 Governmental Approvals. Any Governmental Approval shall have been (a) revoked, rescinded, suspended, modified in an adverse manner or not renewed in the ordinary course for a full term or
(b) subject to any decision by a Governmental Authority that designates a hearing with respect to any applications for renewal of any of such Governmental Approval or that could result in the Governmental Authority taking any of the actions
described in clause (a) above, and such decision or such revocation, rescission, suspension, modification or non-renewal (i) has, or could reasonably be expected to have, a Material Adverse Change, or (ii) adversely affects the legal
qualifications of Borrower or any of its Subsidiaries to hold such Governmental Approval in any applicable jurisdiction and such revocation, rescission, suspension, modification or non-renewal could reasonably be expected to affect the status of or
legal qualifications of Borrower or any of its Subsidiaries to hold any Governmental Approval in any other jurisdiction. 
 9
BANK’S RIGHTS AND REMEDIES 
 9.1 Rights and Remedies. While an Event of Default occurs and continues 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); 

  
 -13-

 (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) deposits 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) settle or adjust disputes and claims
directly with Account Debtors for amounts on terms and in any order that Bank considers advisable, notify any Person owing Borrower money of Bank’s security interest in such funds, and verify the amount of such account; 

(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; 
 (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. Effective only when an Event of Default occurs and continues, 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, solely in connection with
the exercise of its rights under this Section 9 and in completing production of, advertising for sale, and selling any Collateral and, in connection with Bank’s exercise of its rights under this Section 9, 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. Effective only when an Event of Default occurs and continues, 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 Bank’s security interest in the Collateral 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. 

  
 -14-

 9.3 Protective Payments. If Borrower fails to obtain the insurance called for by
Section 6.5 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 in enforcing its rights as provided herein are Bank Expenses and immediately due and payable, bearing interest at the then highest applicable rate charged by Bank, 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. Borrower shall have no right to specify the order or the accounts
to which Bank shall allocate or apply any payments required to be made by Borrower to Bank or otherwise received by Bank under this Agreement when any such allocation or application is not specified elsewhere in this Agreement. 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 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. 
 9.8 Borrower Liability. Each Borrower may, acting
singly, request Advances hereunder. Each Borrower hereby appoints the other as agent for the other for all purposes hereunder, including with respect to requesting Credit Extensions hereunder. Each Borrower hereunder shall be jointly and
severally obligated to repay all Credit Extensions made hereunder, regardless of which Borrower actually receives said Credit Extension, as if each Borrower hereunder directly received all Credit Extensions. Each Borrower waives (a) any
suretyship defenses available to it under the Code or any other applicable law, and (b) any right to require Bank to: (i) proceed against any Borrower or any other person; (ii) proceed against or exhaust any security; or
(iii) pursue any other remedy. Bank may exercise or not exercise any right or remedy it has against any Borrower or any security it holds (including the right to foreclose by judicial or non-judicial sale) without affecting any
Borrower’s liability. Notwithstanding any other provision of this Agreement or other related document, each Borrower irrevocably waives all rights that it may have at law or in equity (including, without limitation, any law subrogating
Borrower to the rights of Bank under this Agreement) to seek contribution, indemnification or any other form of reimbursement from any other Borrower, or any other Person now or hereafter primarily or secondarily liable for any of the Obligations,
for any payment made by Borrower with respect to the Obligations in connection with this Agreement or otherwise and all rights that it might have to benefit from, or to participate in, any security for the Obligations as a result of any payment made
by Borrower with respect to the Obligations in connection with this Agreement or otherwise. Any agreement providing for indemnification, reimbursement or any other arrangement prohibited under this Section shall be null and void. If any
payment is made to a Borrower in contravention of this Section, such Borrower shall hold such payment in trust for Bank and such payment shall be promptly delivered to Bank for application to the Obligations, whether matured or unmatured.

  
 -15-

 10 NOTICES 

All notices, consents, requests, approvals, demands, or other communication by any party to this Agreement or any other Loan Document must
be in writing and 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, first class, registered or certified mail return receipt
requested, with proper postage prepaid; (b) upon transmission, when sent by electronic mail or facsimile transmission; (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, facsimile number, or email address indicated below. Bank or Borrower may change its mailing or electronic
mail address or facsimile number by giving the other party written notice thereof in accordance with the terms of this Section 10. 
  

							
		 	 If to Borrower:
	  	Reval.com, Inc.	  	
		 		  	 420 Fifth Avenue, 5th Floor
 New
York, New York 10018
	  	
		 		  	Attn: Dino Ewing, Chief Financial Officer	  	
		 		  	Fax: (212) 898-1114	  	
		 		  	Email: dino.ewing@reval.com	  	
				
		 	 If to Bank:
	  	Silicon Valley Bank	  	
		 		  	275 Grove Street, Suite 2-200	  	
		 		  	Newton, Massachusetts 02466	  	
		 		  	Attn: Mr. Ryan Ravenscroft	  	
		 		  	Fax: (617) 780-1814	  	
		 		  	Email: rravenscroft@svb.com	  	
				
		 	 with a copy to:
	  	 Riemer & Braunstein, LLP

Three Center Plaza
 Boston, Massachusetts
02108
	  	
		 		  	Attn: Charles W. Stavros, Esquire	  	
		 		  	Fax: (617) 880-3441	  	
		 		  	Email: cstavros@riemerlaw.com	  	

 11 CHOICE OF LAW, VENUE AND JURY TRIAL WAIVER 

New York 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 New York; 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 FULLEST 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. 

  
 -16-

 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, assign, 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 (each, an “Indemnified Person”) 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 reasonably incurred, or paid by such Indemnified Person from transactions between Bank and Borrower (including
reasonable attorneys’ fees and expenses), except for Claims and/or losses directly caused by such Indemnified Person’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 Provisions. Each provision of this Agreement is severable from every other provision in determining the enforceability of any provision. 

12.5 Correction of Loan Documents. Bank may correct patent errors and fill in any blanks in this Agreement and the other Loan
Documents consistent with the agreement of the parties. 
 12.6 Amendments in Writing; Integration. All amendments to
this Agreement must be in writing and 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, is an original, and all taken together, constitute one Agreement. 
 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 paid in full and satisfied. The obligation of Borrower in Section 12.2 to indemnify Bank shall survive until the statute of limitations with respect
to such claim or cause of action shall have run. The grant of security interest by Borrower in Section 4.1 shall survive until the termination of this Agreement and all Bank Services Agreements. 

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; (e) as Bank considers appropriate in exercising remedies under the Loan Documents; and (f) to third-party service providers of Bank so long as such service
providers have executed a confidentiality agreement with Bank with terms no less restrictive than those contained herein. 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.

 Bank may use confidential information for any purpose, including, without limitation, for the development of client
databases, reporting purposes, and market analysis, so long as Bank does not disclose Borrower’s identity or the identity of any person associated with Borrower unless otherwise expressly permitted by this Agreement. The provisions of the
immediately preceding sentence shall survive the termination of this Agreement. 

  
 -17-

 12.10 Right of Set Off. Borrower hereby grants to Bank, a lien, security interest and
right of set off as security for all Obligations to Bank, whether now existing or hereafter arising upon and against all deposits, credits, collateral and property, now or hereafter in the possession, custody, safekeeping or control of Bank or any
entity under the control of Bank (including a Bank subsidiary) or in transit to any of them. At any time after the occurrence and during the continuance of an Event of Default, without demand or notice, Bank may set off the same or any part thereof
and apply the same to any liability or obligation of Borrower even though unmatured and regardless of the adequacy of any other collateral securing the Obligations. ANY AND ALL RIGHTS TO REQUIRE BANK TO EXERCISE ITS RIGHTS OR REMEDIES WITH RESPECT
TO ANY OTHER COLLATERAL WHICH SECURES THE OBLIGATIONS, PRIOR TO EXERCISING ITS RIGHT OF SETOFF WITH RESPECT TO SUCH DEPOSITS, CREDITS OR OTHER PROPERTY OF BORROWER ARE HEREBY KNOWINGLY, VOLUNTARILY AND IRREVOCABLY WAIVED. 

12.11 No Novation. Borrower and Bank hereby agree that, effective upon the execution and delivery of this Agreement by each such
party, the terms and provisions of the Prior Loan Agreement shall be and hereby are amended, restated and superseded in their entirety by the terms and provisions of this Agreement. Nothing herein contained shall be construed as a substitution or
novation of the obligations of Borrower outstanding under the Prior Loan Agreement or instruments securing the same, which obligations shall remain in full force and effect, except to the extent that the terms thereof are modified hereby or by
instruments executed concurrently herewith. Nothing expressed or implied in this Agreement shall be construed as a release or other discharge of any Borrower from any of the Obligations or any liabilities under the Prior Loan Agreement or any of the
security agreements, pledge agreements, mortgages, guaranties or other Loan Documents executed in connection therewith. Borrower hereby (i) confirms and agrees that each Loan Document to which it is a party is, and shall continue to be, in full
force and effect and is hereby ratified and confirmed in all respects except that on and after the Effective Date all references in any such Loan Document to the “Loan and Security Agreement”, the “Loan Agreement” the
“Agreement”, “thereto”, “thereof”, “thereunder” or words of like import referring to the Prior Loan Agreement shall mean the Prior Loan Agreement as amended and restated by this Agreement; and
(ii) confirms and agrees that to the extent that the Prior Loan Agreement or any Loan Document executed in connection therewith purports to assign or pledge to the Bank, or to grant to the Bank a security interest in or lien on, any collateral
as security for the Obligations of Borrower or any guarantor from time to time existing in respect of the Prior Loan Agreement, such pledge, assignment or grant of the security interest or lien is hereby ratified and confirmed in all respects and
shall remain effective as of the first date it became effective. 
 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. 
 “Adjusted Quick Ratio” is a ratio of (a) Quick Assets to (b) Current Liabilities minus Deferred Revenue. 

“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. 

“Availability Amount” is (a) the lesser of (i) the Revolving Line or (ii) the amount available under the
Borrowing Base minus (b) the outstanding principal balance of any Advances. 

  
 18 

 “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, amending, negotiating, 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 or any
Guarantor. 
 “Bank Services” are any products and/or credit services and/or financial accommodations
previously, now, or hereafter provided to Borrower or any of its Subsidiaries by Bank or any Bank Affiliate, including, without limitation, any letters of credit, guidance facilities, cash management services (including, without limitation, merchant
services, direct deposit of payroll, business credit cards, and check cashing services), interest rate swap arrangements, and foreign exchange services as any such products or services may be identified in Bank’s various agreements related
thereto (each, a “Bank Services Agreement”). 
 “Bank Services Agreement” is defined in the
definition entitled “Bank Services” appearing alphabetically in this Section 13.1. 
 “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.

 “Borrowing Base” is eighty-five percent (85.0%) of Eligible Accounts, as determined by Bank from
Borrower’s most recent Transaction Report; provided, however, that Bank may, in consultation with Borrower, 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) that attached as Exhibit A
to such certificate is a true, correct, and complete copy of 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
name(s) of the Person(s) authorized to execute the Loan Documents on behalf of such Person, together with a sample of the true signature(s) of such Person(s), 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 Equivalents” means (a) marketable direct obligations issued or unconditionally guaranteed by the United
States or any agency or any State thereof having maturities of not more than one (1) year from the date of acquisition; (b) commercial paper maturing no more than one (1) year after its creation and having the highest rating from
either Standard & Poor’s Ratings Group or Moody’s Investors Service, Inc.; (c) Bank’s certificates of deposit issued maturing no more than one (1) year after issue; and (d) money market funds at least
ninety-five percent (95.0%) of the assets of which constitute Cash Equivalents of the kinds described in clauses (a) through (c) of this definition. 
 “Cash Management Services” is defined in Section 2.1.4. 

“Claims” are defined in Section 12.2. 
 “Code” is the Uniform Commercial Code, as the same may, from time to time, be enacted and in effect in the State of New York; 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 New 

  
 19 

 
York, the term “Code” shall mean the Uniform Commercial Code as enacted and in effect in such other jurisdiction solely for purposes of 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. 
 “Compliance Certificate” is that certain certificate in the form attached hereto as
Exhibit B. 
 “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, Prior Term Loan or any other extension of credit by Bank for
Borrower’s benefit. 
 “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. 

“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). 

“Deferred Revenue” is all amounts received or invoiced in advance of performance under contracts and not yet recognized
as revenue. 
 “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 3300578160, maintained with Bank. 
 “Dollars,” “dollars” and
“$” each mean lawful money of the United States. 
 “Early Termination Fee” is defined in
Section 2.5. 
 “Effective Date” is the date set forth in the preamble hereof. 

“Eligible Accounts” means 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 upon notice to Borrower, to adjust any of the criteria set forth below and to establish

  
 -20-

 
new criteria in its good faith business judgment. Without limiting the fact that the determination of which Accounts are eligible for borrowing is a matter of Bank’s good faith judgment, the
following are the minimum requirements for an Account to be an Eligible Account. Unless Bank agrees otherwise in writing, Eligible Accounts shall not include: 
 (a) Accounts for which the Account Debtor is Borrower’s Affiliate, officer, employee, or agent; 
 (b) Accounts that the Account Debtor has not paid within one hundred twenty (120) days of invoice date regardless of invoice payment period terms; 

(c) Accounts with credit balances over one hundred twenty (120) days from invoice date; 

(d) Accounts owing from an Account Debtor, in which fifty percent (50%) or more of the Accounts have not been paid within one
hundred twenty (120) days of invoice date; 
 (e) Accounts owing from an Account Debtor which does not have its principal
place of business in the United States, except Accounts billed and payable in the United States from Account Debtors with a principal place of business in Canada, France, Germany, Italy, Japan, the United Kingdom, Australia, the Netherlands,
Switzerland, and, with respect to Standard Chartered Bank only, Singapore; 
 (f) Accounts billed and/or payable outside of the
United States (sometimes called foreign invoiced accounts); 
 (g) 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); 

(h) Accounts owing from an Account Debtor which is a United States government entity or any department, agency, or instrumentality
thereof unless 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; 
 (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”, or other terms
if Account Debtor’s payment may be conditional; 
 (j) Accounts owing from an Account Debtor where goods or services have
not yet been rendered to the Account Debtor (sometimes called memo billings or pre-billings), except to the extent such Accounts constitute software subscription billing; 
 (k) Accounts subject to contractual arrangements between Borrower and an Account Debtor where payments shall be scheduled or due according to completion or fulfillment requirements where the Account
Debtor has a right of offset for damages suffered as a result of Borrower’s failure to perform in accordance with the contract (sometimes called contracts accounts receivable, progress billings, milestone billings, or fulfillment contracts);

 (l) Accounts owing from an Account Debtor the amount of which may be subject to withholding based on the Account
Debtor’s satisfaction of Borrower’s complete performance (but only to the extent of the amount withheld; sometimes called retainage billings); 
 (m) Accounts subject to trust provisions, subrogation rights of a bonding company, or a statutory trust; 
 (n) Accounts owing from an Account Debtor that has been invoiced for goods that have not been shipped to the Account Debtor unless Bank, Borrower, and the Account Debtor have entered into an agreement
acceptable to Bank in its sole discretion wherein the Account Debtor acknowledges that (i) it has title to and has ownership of the goods wherever located, (ii) a bona fide sale of the goods has occurred, and (iii) it owes payment for
such goods in accordance with invoices from Borrower (sometimes called “bill and hold” accounts); 

  
 -21-

 (o) Accounts for which the Account Debtor has not been invoiced; 

(p) Accounts that represent non-trade receivables or that are derived by means other than in the ordinary course of Borrower’s
business; 
 (q) Accounts for which Borrower has permitted Account Debtor’s payment to extend beyond one hundred twenty
(120) days; 
 (r) Accounts arising from chargebacks, debit memos or other payment deductions taken by an Account Debtor;

 (s) Accounts arising from product returns and/or exchanges (sometimes called “warranty” or “RMA”
accounts); 
 (t) 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; 
 (u) Accounts owing from an Account Debtor with respect to which Borrower has received Deferred Revenue (but only to the extent of such Deferred Revenue), except to the extent such Accounts constitute
software subscription billing; 
 (v) Accounts owing from an Account Debtor, whose total obligations to Borrower exceed
twenty-five percent (25%) of all Accounts, for the amounts that exceed that percentage, unless Bank approves in writing; 

(w) Accounts for which Bank in its good faith business judgment determines collection to be doubtful, including, without limitation,
accounts represented by “refreshed” or “recycled” invoices; and 
 (x) 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 Employee Retirement Income Security Act of 1974, and its regulations. 

“Event of Default” is defined in Section 8. 

“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 Forward Contract” is any foreign exchange contract by and between Borrower
and Bank under which Borrower commits to purchase from or sell to Bank a specific amount of Foreign Currency on a specified date. 
 “FXpress” is defined in the preamble hereof. 

“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. 
 “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,

  
 -22-

 
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. 

“Governmental Approval” is any consent, authorization, approval, order, license, franchise, permit, certificate,
accreditation, registration, filing or notice, of, issued by, from or to, or other act by or in respect of, any Governmental Authority. 
 “Governmental Authority” is any nation or government, any state or other political subdivision thereof, any agency, authority, instrumentality, regulatory body, court, central bank or
other entity exercising executive, legislative, judicial, taxing, regulatory or administrative functions of or pertaining to government, any securities exchange and any self-regulatory organization. 

“Guarantor” is any present or future guarantor of the Obligations, including, without limitation, Parent. 

“Guaranty” is that certain Unconditional Guaranty, dated as of June 12, 2009, executed by Parent in favor of Bank
with respect to all Obligations of Borrower to Bank. 
 “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. 
 “Indemnified Person” is defined in Section 12.2.

 “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.

 “Key Person” is either of Borrower’s Chief Executive Officer or Chief Financial Officer. 

“Letter of Credit” is a standby or commercial letter of credit issued by Bank upon request of Borrower based upon an
application, guarantee, indemnity or similar agreement. 
 “Lien” is a claim, mortgage, deed of trust, levy,
charge, pledge, security interest or other encumbrance of any kind, whether voluntarily incurred or arising by operation of law or otherwise against any property. 
 “Loan Documents” are, collectively, this Agreement, the Perfection Certificate, the Guaranty, the Security Agreement, any Bank Services Agreement, any subordination agreements, any note,
or notes or guaranties executed by Borrower or any Guarantor, and any other present or future agreement between Borrower any Guarantor and/or for the benefit of Bank, all as amended, restated, or otherwise modified. 

“Lockbox” is defined in Section 6.6(c). 
 “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 

  
 -23-

 
(financial or otherwise) of Borrower; (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 substantial 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. 

“Net Accounts Receivable” is Borrower’s (a) net billed accounts receivable, plus, without duplication,
(b) net accounts receivable for which the Account Debtor has not been invoiced, and for which Borrower provides Bank evidence satisfactory to Bank, in its sole discretion, that (i) goods or services have been rendered to the applicable
Account Debtor, (ii) such accounts receivable represent contractual obligations of the applicable Account Debtor owing to Borrower without set-off or counter-claim; and (iii) such accounts receivable will be billed by Borrower within five
(5) days following the end of the current month. 
 “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, 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, 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. 
 “Parent” is
Reval Holdings, Inc., a Delaware corporation and sole owner of one hundred percent of the capital stock or other equity interests of Reval.com. 
 “Payment Date” is (a) with respect to the Prior Term Loan, the first day of each calendar month, and (b) with respect to the Revolving Line, the last day of each calendar month.

 “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 secured by Permitted Liens; 

(f) other unsecured Indebtedness in an aggregate outstanding amount not to exceed Two Hundred Fifty Thousand Dollars ($250,000.00); and

 (g) extensions, refinancings, modifications, amendments and restatements of any items of Permitted Indebtedness
(a) through (f) 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. 

“Permitted Investments” are: 
 (a) Investments (including Subsidiaries) shown on the Perfection Certificate which are existing on the Effective Date; 
 (b) Cash Equivalents; and 

  
 -24-

 (c) Investments by Borrower in Reval India Private Limited, Reval.com Hong Kong Limited,
Reval.com PTY Limited, Reval Austria GmbH, Reval Belgium BVBA, Reval.com (UK) Ltd., and ecofinance Finanzsoftware & Consulting GmbH (Borrower’s wholly-owned Subsidiaries) for the current ordinary and necessary operating expenses of
such Subsidiaries in an aggregate (aggregate as to all such Subsidiaries together) amount not to exceed Seven Hundred Thousand Dollars ($700,000.00) per month, plus an additional amount not to exceed Five Hundred Thousand Dollars ($500,000.00) per
year, subject to an annual cap of Six Million Five Hundred Thousand Dollars ($6,500,000.00). 
 “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, including Liens arising in connection with Subordinated Debt incurred in accordance with this Agreement; 
 (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,
provided that no notice of any such Lien has been filed or recorded under the Internal Revenue Code of 1986, as amended, and the Treasury Regulations adopted thereunder; 

(c) purchase money Liens (i) on Equipment acquired or held by Borrower incurred for financing the acquisition of Equipment securing
no more than One Million Dollars ($1,000,000.00) in the aggregate amount outstanding, or (ii) existing on Equipment when acquired, if the Lien is confined to the property and improvements and the proceeds of the Equipment; 

(d) Liens of carriers, warehousemen, suppliers, or other Persons that are possessory in nature arising in the ordinary course of business
so long as such Liens attach only to Inventory and which are not delinquent or remain payable without penalty or which are being contested in good faith and by appropriate proceedings which proceedings have the effect of preventing the forfeiture or
sale of the property subject thereto; 
 (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 (other than Liens imposed by ERISA); 
 (f) leases or subleases of real property granted in the ordinary course of Borrower’s business (or, if referring to another Person, in the ordinary course of such Person’s business), and leases,
subleases, non-exclusive licenses or sublicenses of personal property and non-exclusive licenses of intellectual property granted in the ordinary course of Borrower’s business (or, if referring to another Person, in the ordinary course of such
Person’s business), if the leases, subleases, licenses and sublicenses do not prohibit granting Bank a security interest therein; and 
 (g) Liens incurred in the extension, renewal or refinancing of the indebtedness secured by Liens described in (a) through (f), 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, trust,
unincorporated organization, association, corporation, institution, public benefit corporation, firm, joint stock company, estate, entity or government agency. 
 “Prepayment Premium” shall be an additional fee payable to Bank in an amount equal to: 
 (a) for a prepayment made on or prior to March 9, 2013, two percent (2.0%) of the aggregate outstanding principal amount of the Prior Term Loan; 

(b) for a prepayment made after March 9, 2013 but on or prior to March 9, 2014, one percent (1.0%) of the aggregate
outstanding principal amount of the Prior Term Loan; and 
 (c) for a prepayment made after March 9, 2014, Zero Dollars
($0.00). 
 “Prime Rate” is Bank’s most recently announced “prime rate,” even if it is not
Bank’s lowest rate. 

  
 -25-

 “Prior Loan Agreement” is defined in the preamble hereof. 

“Prior Term Loan” is defined in Section 2.1.2(a). 

“Prior Term Loan Maturity Date” is December 1, 2015. 

“Quick Assets” is, on any date, the sum of (a) Borrower’s unrestricted an unencumbered cash, and (b) Net
Accounts Receivable, each determined according to GAAP. 
 “Registered Organization” is any “registered
organization” as defined in the Code with such additions to such term as may hereafter be made. 
 “Requirement of
Law” is as to any Person, the organizational or governing documents of such Person, and any law (statutory or common), treaty, rule or regulation or determination of an arbitrator or a court or other Governmental Authority, in each case
applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject. 

“Reserves” means, as of any date of determination, such amounts as Bank may from time to time establish and revise in
good faith reducing the amount of Advances and other financial accommodations which would otherwise be available to Borrower under the lending formulas: (a) to reflect events, conditions, contingencies or risks which, as determined by Bank in
good faith, do or may 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 or business of Borrower or
any guarantor, 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, Treasurer and
Controller of Borrower. 
 “Reval.com” is defined in the preamble hereof. 

“Revolving Line” is an Advance or Advances in an aggregate amount equal to Ten Million Dollars ($10,000,000.00).

 “Revolving Line Maturity Date” is March 9, 2014. 

“Secretary’s Certificate” is the Certificate executed by Secretary of Borrower or Secretary of Parent, in form and
substance reasonably acceptable to Bank, certifying that the transaction contemplated by this Agreement, have been authorized. 

“Securities Account” is any “securities account” as defined in the Code with such additions to such term as
may hereafter be made. 
 “Security Agreement” is that certain Security Agreement executed and delivered by
Parent to Bank dated as of June 12, 2009. 
 “Streamline Period” is, on and after March 9, 2012,
provided no Default or Event of Default has occurred and is continuing, the period (i) beginning on the first (1st) day in which Borrower maintains unrestricted and unencumbered cash at Bank plus the Availability Amount in an aggregate
amount greater than or equal to Four Million Dollars ($4,000,000.00), as determined by Bank in its sole discretion (the “Streamline Amount”); and (ii) ending on the earlier to occur of (A) the occurrence of a Default or an
Event of Default; and (B) the first day thereafter in which Borrower fails to maintain the Streamline Amount at Bank, as determined by Bank in its sole discretion. Borrower shall give Bank prior written notice of Borrower’s intention to
enter into any Streamline Period. 

  
 -26-

 “Streamline Amount” is defined in the definition entitled “Streamline
Period” appearing alphabetically in this Section 13.1. 
 “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. 
 “Subsidiary” means, with respect to any Person, any Person of
which more than fifty percent (50.0%) of the voting stock or other equity interests (in the case of Persons other than corporations) is owned or controlled directly or indirectly by such Person or one or more of Affiliates of such Person.

 “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 Bank’s standard reporting package provided by Bank to Borrower. 

“Transfer” is defined in Section 7.1. 
 [Signature page follows.] 

  
 -27-

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

			
	BORROWER:
	
	 REVAL.COM, INC.

		
	 By:
	 	 /s/ Dino B. Ewing

			
	 Name: Dino B. Ewing

	 Title: Chief Financial Officer

			
	
	 FXPRESS CORPORATION

		
	 By:
	 	 /s/ Dino B. Ewing

			
	 Name: Dino B. Ewing

	 Title: Chief Financial Officer

			
	
	 BANK:

	
	 SILICON VALLEY BANK

		
	 By:
	 	 /s/ Ryan Ravenscroft

			
	 Name: Ryan Ravenscroft

	 Title:   VP

 The undersigned, REVAL HOLDINGS, INC., ratifies, confirms and reaffirms, all and singular, the terms and
conditions of (a) a certain Unconditional Guaranty dated as of June 12, 2009 (as amended, the “Guaranty”) (b) a certain Security Agreement dated as of June 12, 2009, between Guarantor and Bank (as amended, the
“Security Agreement”), and (c) that certain Subordination Agreement dated as of June 12, 2009, between Guarantor of Bank (as amended, the “Subordination Agreement”), and acknowledges, confirms and agrees
that (x) the Guaranty, Security Agreement and Subordination Agreement shall each remain in full force and effect and shall in no way be limited by the execution of this Agreement, or any other documents, instruments and/or agreements executed
and/or delivered in connection herewith, and (y) the Obligations shall continue to constitute Senior Debt (as defined in the Subordination Agreement). 

 

			
	REVAL HOLDINGS, INC.
		
	 By:
	 	 /s/ Dino B. Ewing

	 Name: Dino B. Ewing

	 Title: Chief Financial Officer

  
 1 

 EXHIBIT A – COLLATERAL DESCRIPTION 

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, commercial tort claims, documents, instruments (including any promissory notes), chattel paper (whether tangible or electronic), cash, deposit accounts, all certificates of deposit,
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. 

  
 1 

 EXHIBIT B – COMPLIANCE CERTIFICATE 

 

			
	 TO:         SILICON VALLEY BANK
	  	Date:
                                         
        
	FROM:   REVAL.COM, INC. AND FXPRESS CORPORATION	  	

 The undersigned authorized officer of REVAL.COM, INC. and FXPRESS CORPORATION (jointly and severally,
individually and collectively, “Borrower”) certifies that under the terms and conditions of the Amended and Restated Loan and Security Agreement between Borrower and Bank (as amended, the “Agreement”), (1) Borrower is in
complete 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 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 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 days	  	 	Yes  No	  
			
	Annual financial statement (CPA Audited)	  	FYE within 180 days	  	 	Yes  No	  
			
	10-Q, 10-K and 8-K	  	Within 5 days after filing with SEC	  	 	Yes  No	  
			
	 A/R & A/P Agings, reconciliations, general ledger and
Deferred Revenue
	  	Monthly within 20 days	  	 	Yes  No	  
			
	Transaction Reports	  	
1st and 15th of
each month (or monthly
 within 20 days if on streamline) and
 with each request for a credit extension
	  			
			
	Board-approved projections	  	 Within 10 days of board-approval and
 30 days of FYE, and as updated
	  	 	Yes  No	  

  

													
	 Financial Covenant
	  	Required	 	  	Actual	 	  	Complies	 
	 Maintain at all times after 1/15/2013, to be tested on 1/15/2013 and as of the last day of
each month:
	  				  				  			
	 Adjusted Quick Ratio
	  	 	1.25:1.0	  	  	 	        :1.0	  	  	 	Yes No	  

 The following financial covenant analysis and information set forth in Schedule 1 attached hereto are
true and accurate as of the date of this Certificate. 

  
 1 

 The following are the exceptions with respect to the certification above: (If no exceptions
exist, state “No exceptions to note.”) 
  
  

 
  
  

 
  

							
	 REVAL.COM, INC.

FXPRESS CORPORATION
	 		 	BANK USE ONLY
		 		 		 	Received by:
                                         
                            
		 		 		 	AUTHORIZED SIGNER
	By:	 	  
	 		 	Date:
                                         
                                        

	Name:	 	  
	 		 	
	Title:	 	  
	 		 	Verified:
                                         
                                  
		 		 		 	AUTHORIZED SIGNER
		 		 		 	Date:
                                         
                        
				
		 		 		 	Compliance Status:         Yes         No

  
 2 

 Schedule 1 to Compliance Certificate 

Financial Covenants of Borrower 
 In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. 
 Dated:                      

 

					
	I.	    	Adjusted Quick Ratio (Section 6.7)	  	

					
			
	Required:	 	    1.25:1.00	  	
			
	Actual:	 		  	

							
			
	A.	  	Aggregate value of the unrestricted cash of Borrower	  	$	            	  
			
	B.	  	Aggregate value of the (i) net billed accounts receivable of Borrower and (ii) net accounts receivable for which the Account Debtor has not been invoiced, and for which Borrower
provides Bank evidence satisfactory to Bank, in its sole discretion, that (a) goods or services have been rendered to the applicable Account Debtor, (b) such accounts receivable represent contractual obligations of the applicable Account Debtor
owing to Borrower without set-off or counter-claim; and (c) such accounts receivable will be billed by Borrower within five (5) days following the end of the current month	  	$	            	  
			
	C.	  	Quick Assets (the sum of lines A and 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, and current
portion of Subordinated Debt permitted by Bank to be paid by Borrower, but excluding all other Subordinated Debt, 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.	  	Quick Ratio (line C divided by line H)	  			

 Is line I equal to or greater than 1.25:1:0? 

 

					
	          No, not in compliance
	  	 	         Yes, in compliance	  

  
 3 

 Schedule 5.1 
 Perfection Certificate Changes as of March 9, 2012 
  

							
	Section 1f.	  	Company duly qualified to transact business as a foreign entity....
	        change last sentence to:	  	“Others via wholly owned subsidiary of Reval,com: Australia, India, Hong Kong, Austria, United Kingdom and Belgium.”
				
	Section 2a.	  	 Legal Name of each Subsidiary 
 Name
	  	Subsidiary/Parent	    	Fed. Employer ID No.
				
	New	  	Reval Belgium BVBA	  	Sub x	    	 Belgian Reportorium
 No.
52506

				
	Section 2b.	  	 Jurisdictions and Dates of Formation
 Name
	  	Jurisdiction	    	Date of Formation
				
	New	  	Reval Belgium BVBA	  	Belgium	    	November 16, 2011
			
	Section 3a.	  	 Location of Company and its Subsidiaries
 Complete Street and Mailing Address
	  	Company or Name of Subsidiary
			
	New	  	 1140 Evere
 Avenue Jules
Bordet 160
 Brussels, Belgium
	  	Reval Belgium BVBA
			
	Change of address	  	 2nd Floor, Block 4-B
 DLF
Corporate Park, DLF City
 Phase-III, M.G. Road
 Gurgaon-122002, Haryana
 India
	  	Reval India Pvt Ltd.
			
	Section 3b.	  	 Company’s Books and records are located at:
 Complete Street and Mailing Address
	  	Company or Name of Subsidiary
			
	New	  	Same as 3a. Above	  	Reval Belgium BVBA
			
	Change of address	  	Same as 3a. Above	  	Reval India Pvt Ltd.
		
	Section 3c.	  	Company and its subsidiaries own, lease or occupy any real property
		  	Complete Street and Mailing Address	  	Company or Name of Subsidiary
			
	Change of address	  	Same as 3a. Above	  	Reval India Pvt Ltd.
		
	Section 3d.	  	Company and its subsidiaries maintain any inventory, equipment, or other property
		  	Complete Address	  	Company or Name of Subsidiary
			
	Change of address	  	Same as 3a. Above	  	Reval India Pvt Ltd.

  
 4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00202-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00202-of-00352.parquet"}]]