Document:

Exhibit 101

		
			Exhibit 10.1
		

		
			 
		

		
			EXECUTION VERSION
		

		
			 
		

		
			 
		

		
			April 12th,  2019
		

		
			 
		

		
			 
		

		
			 
		

		
			BETWEEN
		

		
			 
		

		
			 
		

		
			 
		

		
			TALEND SA
		

		
			as the Company
		

		
			 
		

		
			 
		

		
			 
		

		
			AND
		

		
			 
		

		
			 
		

		
			 
		

		
			PACIFIC WESTERN BANK
		

		
			as the Beneficiary
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			___________________________________________
		

		
			 
		

		
			AUTONOMOUS FIRST-DEMAND GUARANTEE
		

		
			(ARTICLE 2321 OF THE FRENCH CIVIL CODE)
		

		
			(Garantie Autonome à Première Demande)
		

		
			____________________________________________
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			LPA-CGR avocats
		

		
			 
		

		
			 
		

		
			

		 

		

			 

		

		

			 

		

		

		
			TABLE OF CONTENTS
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						1.

					
					
						DEFINITION AND CONSTRUCTION

					
5
				
	
					
						2.

					
					
						COMPANY’S UNDERTAKINGS

					
7
				
	
					
						3.

					
					
						PAYMENT CLAIMS

					
8
				
	
					
						4.

					
					
						DURATION OF THE AUTONOMOUS GUARANTEE

					
8
				
	
					
						5.

					
					
						REDUCTION OF THE GUARANTEED AMOUNT

					
8
				
	
					
						6.

					
					
						REPRESENTATIONS AND WARRANTIES OF THE COMPANY

					
8
				
	
					
						7.

					
					
						COMMUNICATIONS AND NOTIFICATIONS BETWEEN THE PARTIES

					
9
				
	
					
						8.

					
					
						COSTS AND EXPENSES

					
10
				
	
					
						9.

					
					
						GROSS-UP

					
10
				
	
					
						10.

					
					
						DELEGATION

					
10
				
	
					
						11.

					
					
						BENEFIT – ASSIGNMENTS AND TRANSFERS

					
11
				
	
					
						12.

					
					
						LAW – JURISDICTION

					
11
				

		
			 
		

		
			
		

		
			

		 

		

			2

		

		

			 

		

		

		
			THIS AUTONOMOUS FIRST-DEMAND GUARANTEE HAS BEEN ENTERED ON APRIL 12th, 2019, BETWEEN:
		

		
			1.         TALEND SA,  a  société anonyme, with a share capital of EUR 2,417,390.40, incorporated under French laws, whose registered office is located at 9 rue Pages, 92150 Suresnes, France, identified with the corporate and trade register of Nanterre under number 484 175 252 (hereinafter the “Company”)
		

		
			AND
		

		
			2.         PACIFIC WESTERN BANK,  a California State chartered bank, whose registered office is located at 406 Blackwell Street, Suite 240, Durham, North Carolina 27701, United States (hereinafter the “Beneficiary”).
		

		
			The above-mentioned parties being hereafter named each a "Party", or, together, the "Parties".
		

		
			
		

		
			

		 

		

			3

		

		

			 

		

		

		
			PREAMBLE
		

		
			A.     Talend, Inc., Talend USA, INC. and Stitch, Inc. (jointly and severally the “Borrowers”), are wholly-owned subsidiaries of the Company.
		

		
			B.     Within the framework of their activity, the Borrowers contacted the Beneficiary to obtain a facility to finance the Borrowers’ working capital and general corporate purposes.
		

		
			C.     Pursuant to a loan and security agreement executed on February 14, 2019, the Beneficiary, as Beneficiary, has agreed to make available to the Borrowers, loans in amounts not exceeding thirty million US Dollars ($30,000,000) (hereinafter the "Loan Agreement").
		

		
			D.     Clause 8(b) of the Schedule to the Loan Agreement provides for the obligation for the Company to grant to the Beneficiary a Continuing Guaranty, which is constituted by the autonomous first demand guarantee to be delivered by the Company pursuant to the provisions of Article 2321 of the French Civil Code (Code Civil) (“garantie autonome”).
		

		
			E.     The Company has therefore agreed to deliver this autonomous first demand guarantee (the “Autonomous Guarantee”) pursuant to the terms and conditions herein.
		

		
			F.      The Company recognises that this recitals is by way of background information only and does not in any respect call into question the independent nature of this Autonomous Guarantee.
		

		
			 
		

		
			
		

		
			

		 

		

			4

		

		

			 

		

		

		
			1.       DEFINITION AND CONSTRUCTION
		

		
			1.1.     Definitions
		

		
			The following terms and expressions used in this Autonomous Guarantee and in the recitals of this Autonomous Guarantee shall, unless the context requires otherwise or otherwise mentioned in the Supplemental Agreement, have the following meanings:
		

		
			"Beneficiary"  means Pacific Western Bank, as further detailed in the recitals, and any of its assignees or successors;
		

		
			"Business Day"  means a day on which Beneficiary is open for business;
		

		
			"Company" means Talend SA, as further detailed in the recitals;
		

		
			"Guaranteed Amount" means a maximum amount of thirty two million US Dollars ($32,000,000);
		

		
			"Insolvency Proceedings" includes, for any person:
		

		
			(a)     the suspension of payments or entry into a state of cessation des paiements, whether declared or not, within the meaning of Livre VI of the French Commercial Code (Code de commerce);
		

		
			(b)     the declaration of a moratorium with one or more creditors in respect of any indebtedness;
		

		
			(c)     the implementation of a warning procedure (procédure d’alerte) by its commissaires aux comptes in accordance with Articles L.234-1, L.234-2 and L.612-3 of the French Commercial Code (Code de commerce);
		

		
			(d)     the commencement of winding-up proceedings (dissolution) by a court;
		

		
			(e)     the appointment (or the due deposition of all the elements required for the purposes of the appointment) of a mandataire ad hoc (appointed in the context of an insolvency proceeding), in accordance with Article L.611-3 of the French Commercial Code (Code de commerce);
		

		
			(f)      the implementation (or the due deposition of all the elements required for the purposes of the implementation) of conciliation or safeguard (sauvegarde) proceedings or of a judgement for redressement judiciaire under Livre VI of the French Commercial Code (Code de commerce), or cession partiale ou totale de l'entreprise or liquidation judiciaire is entered for the purpose of any insolvency law; or
		

		
			(g)     in each of the cases provided for in (a) to (f) above, any analogous or similar procedure, step, proceeding or judgment is taken, commenced or entered into in any jurisdiction in which the person is incorporated or carries on business in particular for the purposes of Règlement CE n° 1346/2000 du conseil du 29 mai 2000 relating to insolvency procedure;
		

		
			
		

		
			

		 

		

			5

		

		

			 

		

		

		
			"Payment Request Notice" means a claim for payment substantially in the form set out at Schedule 1 (Form of Payment Request Notice) addressed by the Beneficiary to the Company in accordance with Clause 3.1;
		

		
			"Requested Amounts" means the amount specified in a Payment Request Notice; and
		

		
			"Supplemental Agreement" means the supplemental agreement entered into on the date hereof between the Pledgor as guarantor and the Beneficiary as lender.
		

		
			1.2.     Construction
		

		
			1.2.1.      Unless a contrary indication appears, a reference in this Autonomous Guarantee to:
		

		
			(a)     the “Company” and the “Borrowers” shall be construed so as to include its (their) successors in title;
		

		
			(b)     any “Beneficiary” or any other person shall be construed so as to include its (their) successors in title, permitted assigns and permitted transferees;
		

		
			(c)    “corporate reconstruction” includes in relation to any company any contribution of part of its business in consideration of shares (apport partiel d’actifs) and any de-merger (scission) implemented in accordance with Articles L.236-1 to L.236-24 of the French Commercial Code (Code de commerce);
		

		
			(d)     the “Loan Agreement” or any other agreement or instrument, is a reference to that document other agreement or instrument as amended, novated, supplemented, extended or restated;
		

		
			(e)    “indebtedness” includes any obligation (whether incurred as principal or as surety) for the payment or repayment of money, whether present or future, actual or contingent;
		

		
			(f)     a “person” includes any person, firm, company, corporation, government, state or agency of a state or any association, trust or partnership (whether or not having separate legal personality) of two or more of the foregoing;
		

		
			(g)     a “regulation” includes any regulation, rule, official directive, request or guideline (whether or not having the force of law) of any governmental, intergovernmental or supranational body, agency, department or regulatory, self-regulatory or other authority or organisation; and
		

		
			(h)     a time of day, is a reference to Paris time.
		

		
			1.2.2.     The preamble and the Schedules are an integral part of this Autonomous Guarantee and have the same legal force as the other provisions of this Autonomous Guarantee.
		

		
			1.2.3.     Section, Clause and Schedule headings are for ease of reference only.
		

		
			
		

		
			

		 

		

			6

		

		

			 

		

		

		
			2.      COMPANY’S UNDERTAKINGS
		

		
			2.1.    Autonomous first-demand guarantee
		

		
			In accordance with Article 2321 of the French Civil Code (Code civil), the Company hereby irrevocably and unconditionally undertakes, in favour of the Beneficiary to pay all Requested Amounts up to the Guaranteed Amount, upon first written demand of the Beneficiary in accordance with Clause 3.1.
		

		
			2.2.    Autonomous and independent nature of the autonomous guarantee
		

		
			2.2.1.     The liability of the Company under this Autonomous Guarantee is autonomous and independent of the obligations of the Company under the Loan Agreement, to the effect that it is not, in any circumstances, capable of being construed as an obligation of suretyship only (obligation de cautionnement) for the purposes of Articles 2298 et seq. of the French Civil Code (Code civil).
		

		
			2.2.2.     The Company undertakes not to raise or set up any exception and/or defence of whatever nature to the fulfilment of its obligations under this Autonomous Guarantee, and in particular undertakes not to rely on any defences or exceptions arising from the Loan Agreement, any dispute or any other agreement or event affecting the Company, the Borrowers or the Beneficiary.
		

		
			2.2.3.     The Company undertakes not to consider itself released from, or to rely upon a novation in order to refuse, payment of any or all Requested Amounts, in the event of (except when contrary legal provisions apply):
		

		
			(a)     any change in or disappearance of the existing relationship between the Company and the Borrowers, in particular the Borrowers losing their status as wholly-owned subsidiaries of the Company;
		

		
			(b)     the extension of the term or other amendment, whether express or implied, of the terms and conditions of the Loan Agreement, and without it being necessary to notify the Company of any such event;
		

		
			(c)     any change in the legal status of the Company, the Borrowers or the Beneficiary;
		

		
			(d)     any corporate reconstruction affecting the Company, the Borrowers or the Beneficiary;
		

		
			(e)     any Insolvency Proceeding affecting the Company, the Borrowers or the Beneficiary; and
		

		
			(f)      any assignment or transfer by the Beneficiary of all or part of its rights and obligations under the Loan Agreement.
		

		
			
		

		
			

		 

		

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			3.       PAYMENT CLAIMS
		

		
			3.1.    The Beneficiary, will be entitled to deliver by registered letter with acknowledgement of receipt, a Payment Request Notice duly completed and including the Requested Amount under this Autonomous Guarantee, at any time before the expiration date stipulated in Clause 4.
		

		
			3.2.    The payment of the Requested Amount shall be done on first demand, within three (3) Business Days as from the first presentation of the Payment Request Notice by registered letter with acknowledgement of receipt to the Company sent by the Beneficiary.
		

		
			3.3.    If the Company fails to pay any payment which is payable by it under the terms of this Autonomous Guarantee on its due date, it will owe the Beneficiary interest on arrears, which will apply to the unpaid amount from its due date, up to the date of actual payment at a rate of EONIA plus three (3) percent, it being specified that there shall be no double counting with the default interest payable by the Borrowers under the Loan Agreement. Any interest under this Clause will be calculated on a daily basis up until payment.
		

		
			4.       DURATION OF THE AUTONOMOUS GUARANTEE
		

		
			The Company’s undertaking under this Autonomous Guarantee will automatically expire as soon as the Company has paid the amount covered by this Autonomous Guarantee, or in case this Autonomous Guarantee has not been requested under the conditions set out above, on the first of the following dates:
		

		
			(i)        the date when this Autonomous Guarantee is returned to the Company or the date that this Autonomous Guarantee is expressly withdrawn in writing by the Beneficiary;
		

		
			(ii)       one (1) year after the Maturity Date (as defined in the Loan Agreement), as the same may be extended from time to time; or
		

		
			(iii)      the Guaranteed Obligations in consideration of which the Guarantee is provided have been repaid in full, as confirmed in writing by the Beneficiary.
		

		
			5.       REDUCTION OF THE GUARANTEED AMOUNT
		

		
			This Autonomous Guarantee shall be implemented in a single or several payments and each payment made by the Company will reduce, automatically and to the same extent, the Guaranteed Amount.
		

		
			6.       REPRESENTATIONS AND WARRANTIES OF THE COMPANY
		

		
			6.1.     The Company represents and warrants to the Beneficiary that:
		

		
			6.1.1.     it is a company duly incorporated under the laws of France, with full capacity to issue this Autonomous Guarantee, to perform its obligations hereunder and to carry on its business in accordance with the objects clause of its constitutional documents;
		

		
			 
		

		
			
		

		
			

		 

		

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			6.1.2.      the entry into and performance by it of this Autonomous Guarantee do not conflict with:
		

		
			(i)         any law or regulation applicable to it;
		

		
			(ii)        any provision of its constitutional documents; or
		

		
			(iii)       any material agreement or instrument binding upon it;
		

		
			6.1.3.      it has taken all necessary corporate action to authorise its entry into and performance of, of this Autonomous Guarantee, and no other Authorisation (which has not been validly obtained prior to the issue of this Autonomous Guarantee) is necessary; and
		

		
			6.1.4.      each signatory of this Autonomous Guarantee has the necessary power and authority to execute this Autonomous Guarantee on behalf of the Company.
		

		
			6.2.    Each representation and warranty mentioned in Clause 6.1 shall remain in force and continue to be effective from the date of execution of the Autonomous Guarantee, for the duration of the Autonomous Guarantee and until complete payment of all amounts payable by the Company hereunder.
		

		
			7.       COMMUNICATIONS AND NOTIFICATIONS BETWEEN THE PARTIES
		

		
			7.1.     The Company establishes its domicile at the address identified with its name above.
		

		
			7.2.    Every request, notifications, warning and communications to be made by virtue of this Autonomous Guarantee shall be considered as properly done when, within the terms indicated in this Autonomous Guarantee, they are made by means of registered letter with acknowledgement of receipt and sent to:
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						For the Company:

				
	
					
						 

				
	
					
						TALEND

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Address:

					
					
						9 rue Pages

					
					
						 

				
	
					
						 

					
					
						92150 Suresnes

					
					
						 

				
	
					
						Attention:

					
					
						Emmanuel Samson

					
					
						 

				
	
					
						Telephone:

					
					
						+33 (0) 1.80.42.00.77

					
					
						 

				
	
					
						Email:

					
					
						esamson@talend.com

					
					
						 

				

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						For the Beneficiary:

				
	
					
						 

				
	
					
						PACIFIC WESTERN BANK

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Address:

					
					
						406 Blackwell Street, Suite 240, Durham

					
					
						 

				
	
					
						 

					
					
						North Carolina 27701

					
					
						 

				
	
					
						 

					
					
						United States

					
					
						 

				
	
					
						Name:

					
					
						Mr. Nick Nance

					
					
						 

				

		
			 
		

		
			
		

		
			

		 

		

			9

		

		

			 

		

		

		
			7.3.     The Company shall send its communications to the Beneficiary to the address identified with its name above.
		

		
			7.4.     Any change in the said domiciles or telephones described will have no effect until the communication of such change between the Parties or to the Beneficiary with notice of receipt.
		

		
			8.      COSTS AND EXPENSES
		

		
			The Company undertakes, from time to time on demand of the Beneficiary, to indemnify the Beneficiary, in respect of all reasonable costs and expenses, incurred by the latter and/or by every attorney, manager, agent or other person appointed by it, in relation to the amendment or enforcement of this Autonomous Guarantee, including legal fees and expenses, and all charges, duties, taxes or registration fees relating thereto.
		

		
			9.      GROSS-UP
		

		
			In the event where the Company would have, pursuant to a legal or a regulatory provision, to deduct, retain or withhold amounts from the sums due pursuant to the Autonomous Guarantee, these sums would be increased by the amount necessary for the Beneficiary to receive, after all deductions and withholdings, a net amount equal to the amount it would have received in the absence of such deductions or withholdings.
		

		
			10.     DELEGATION
		

		
			10.1.  The Beneficiary or any person appointed by the Beneficiary may delegate by power of attorney or in any other manner to any properly qualified person or persons any right, power, authority and discretion exercisable by the Beneficiary under this Autonomous Guarantee.
		

		
			10.2.  Any such delegation may be made upon such terms (including power to sub-delegate) and subject to such regulations as the Beneficiary or such person appointed by the Beneficiary may think fit.
		

		
			10.3.  Neither the Beneficiary nor any such person appointed by the Beneficiary will be in any way liable or responsible to the Company for any loss or damage arising from any fact, default, omission or misconduct on the part of any such delegate or sub-delegate.
		

		
			
		

		
			

		 

		

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			11.     BENEFIT – ASSIGNMENTS AND TRANSFERS
		

		
			11.1.  The Company may not assign any of its rights nor transfer any of its rights or obligations under this Autonomous Guarantee.
		

		
			11.2.  This Autonomous Guarantee is issued to the Beneficiary as well as to its possible successors and beneficiaries following any restructuring transfer of control, spin-off, merger or partial contribution operation.
		

		
			11.3.  The Autonomous Guarantee shall remain in force and binding on any full legal successors and assignee of the Company and/or of the Beneficiary.
		

		
			12.    LAW – JURISDICTION
		

		
			12.1.  This Autonomous Guarantee shall be governed by and construed in all respects in accordance with French law.
		

		
			12.2.  The Parties expressly and specifically accept, pursuant to Article 23 of Council Regulation n°1215/2012, to give exclusive jurisdiction to the courts within the territorial jurisdiction of the Commercial Court of Paris to settle any dispute that may arise between the Parties in connection with the construction or performance of this Pledge Agreement this Autonomous Guarantee.
		

		
			(Signatures on the following page)
		

		
			
		

		
			

		 

		

			11

		

		

			 

		

		

		
			Executed in Paris in two (2) originals, on the date first above written.
		

		
			 
		

		
			 
		

			
					
						THE COMPANY

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						/s/ Emmanuel Samson

					
					
						 

				
	
					
						TALEND SA.

					
					
						 

				
	
					
						Represented by: Emmanuel Samson

					
					
						 

				
	
					
						duly authorized

					
					
						 

				

		
			 
		

		
			 
		

		
			Accepted by the Beneficiary
		

		
			 
		

		
			 
		

			
					
						 

					
					
						 

				
	
					
						THE BENEFICIARY

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						/s/ Stephen J. Berens

					
					
						 

				
	
					
						PACIFIC WESTERN BANK

					
					
						 

				
	
					
						Represented by: Stephen J. Berens

					
					
						 

				
	
					
						duly authorized

					
					
						 

				

		
			 
		

		
			
		

		
			

		 

		

			12

		

		

			 

		

		

		
			Schedule 1
		

		
			Form of Payment Request Notice
		

		
			[Beneficiary Letterhead]
		

		
			 
		

		
			 
		

			
					
						 

					
					
						To the attention of []

				
	
					
						 

					
					
						[Company’s name]

				
	
					
						 

					
					
						[Company’s address]

				

		
			 
		

		
			On []
		

		
			Undertaking to pay on first demand dated []
		

		
			Dear Sirs,
		

		
			We refer to the autonomous first-demand guarantee that you have granted in our favor, dated April 12th, 2019 up to a maximum cumulated amount of thirty two million US Dollars ($ 32,000,000) (the “Autonomous Guarantee”).
		

		
			Capitalized terms used herein and not otherwise defined shall have the meaning assigned thereto in the Autonomous Guarantee.
		

		
			This letter constitutes a Payment Request Notice.
		

		
			In accordance with the terms of the Autonomous Guarantee, we hereby request you to pay an amount of US Dollars ($ [____]) (amount to be specified in words and figures) at the latest on the thirtieth Business Day from the date of receipt of this notification, by way of a wire transfer to our bank account n° [] open at [ - bank] in [ - location].
		

			
					
						We confirm that the grounds for this Payment request Notice are the breach by the Borrowers of their obligations under the Loan Agreement, and that the Borrowers owe us US Dollars ($ [____]) (amount to be specified in words and figures).

					
					
						 

					
					
						 

				
	
					
						Yours faithfully

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						For the Beneficiary

					
					
						 

				
	
					
						[]

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						Name:  []

					
					
						 

				
	
					
						Title:    []

					
					
						 

				

		
			 
		

		 

		

			13Exhibit 102

		
			Exhibit 10.2
		

		
			 
		

		
			EXECUTION VERSION
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			April 12th,  2019
		

		
			 
		

		
			 
		

		
			 
		

		
			BETWEEN
		

		
			 
		

		
			 
		

		
			 
		

		
			TALEND SA
		

		
			as Pledgor
		

		
			 
		

		
			 
		

		
			 
		

		
			AND
		

		
			 
		

		
			 
		

		
			 
		

		
			PACIFIC WESTERN BANK
		

		
			as Beneficiary
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			________________________________________
		

		
			 
		

		
			PLEDGE OF RECEIVABLES AGREEMENT
		

		
			(Convention de nantissement de créances)
		

		
			________________________________________
		

		
			 
		

		
			 
		

		
			 
		

		
			LPA-CGR avocats
		

		
			 
		

		
			 
		

		
			 
		

		
			

		 

		

			 

		

		

			 

		

		

		
			TABLE OF CONTENTS
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						1.

					
					
						DEFINITIONS AND INTERPRETATION

					
5
				
	
					
						2.

					
					
						PLEDGE (NANTISSEMENT)  

					
6
				
	
					
						3.

					
					
						SITUATION OF THE PARTIES UNTIL THE TERM OF THE PLEDGE AGREEMENT

					
7
				
	
					
						4.

					
					
						ENFORCEMENT OF THE PLEDGE

					
8
				
	
					
						5.

					
					
						REPRESENTATION AND WARRANTIES OF THE PLEDGOR

					
8
				
	
					
						6.

					
					
						COVENANTS OF THE PLEDGOR

					
10
				
	
					
						7.

					
					
						INDEMNITY

					
11
				
	
					
						8.

					
					
						COSTS AND EXPENSES

					
11
				
	
					
						9.

					
					
						DELEGATION

					
11
				
	
					
						10.

					
					
						POWER OF ATTORNEY

					
11
				
	
					
						11.

					
					
						SUCCESSORS AND ASSIGNS

					
12
				
	
					
						12.

					
					
						TERM AND RELEASE

					
12
				
	
					
						13.

					
					
						MISCELLANEOUS

					
13
				
	
					
						14.

					
					
						NOTICES

					
14
				
	
					
						15.

					
					
						GOVERNING LAW – JURISDICTION

					
15
				
	
					
						SCHEDULE 1 - PLEDGED DEBTORS - PLEDGED CLAIMS

					
17
				
	
					
						SCHEDULE 2 - FORM OF LETTER OF NOTIFICATION

					
18
				

		
			 
		

		
			
		

		
			

		 

		

			2

		

		

			 

		

		

		
			THIS PLEDGE OF RECEIVABLES HAS BEEN ENTERED INTO ON APRIL 12th,  2019, BETWEEN:
		

		
			1.         TALEND SA,  a  société anonyme with a share capital of EUR 2,417,390.40 incorporated under French laws, whose registered office is at 9 rue Pages, 92150 Suresnes, France, registered with the corporate and trade register of Nanterre under number 484 175 252;
		

		
			(hereinafter referred to as the “Pledgor”)
		

		
			AND
		

		
			2.         PACIFIC WESTERN BANK,  a  California State chartered bank, whose registered office is located at 406 Blackwell Street, Suite 240, Durham, North Carolina 27701, United States;
		

		
			(hereinafter referred to as the “Beneficiary”)
		

		
			The above-mentioned parties being hereafter named each a “Party”, or, together, the “Parties”.
		

		
			
		

		
			

		 

		

			3

		

		

			 

		

		

		
			WHEREAS:
		

		
			A.        Within the framework of their activity, Talend, Inc., Talend USA, INC. and Stitch, Inc. (hereinafter jointly and severally the "Borrowers"), contacted the Beneficiary to obtain a facility for the Borrowers’ working capital and general corporate purposes.
		

		
			B.        Pursuant to a Loan and Security Agreement executed on February 14, 2019, the Beneficiary, as Lender, has agreed to make available to the Borrowers amounts not exceeding thirty million US Dollars ($30,000,000) (hereinafter the "Loan Agreement").
		

		
			C.         Clause 8(b) of the Schedule to the Loan Agreement provides for the obligation for the Pledgor to grant to the Beneficiary a Continuing Guaranty (the "Guarantee") as well as security over certain of its assets to secure the payment and performance of all of the Secured Obligations (as defined hereinafter).
		

		
			D.        The Pledgor has undertaken to provide to the Beneficiary a first ranking pledge over the receivables it holds against its Pledged Debtors (as defined hereafter) to the benefit of the Beneficiary, under the terms and conditions of this pledge of receivables agreement (hereinafter with its schedules as amended, restated or supplemented in the future referred to as the “Pledge Agreement”).
		

		
			
		

		
			

		 

		

			4

		

		

			 

		

		

		
			IT HAS THEREFORE BEEN AGREED AS FOLLOWS:
		

		
			1.         DEFINITIONS AND INTERPRETATION
		

		
			1.1            Defined Terms
		

		
			The following terms and expressions used in this Pledge Agreement and in the recitals of this Pledge Agreement shall, unless the context requires otherwise or otherwise mentioned in the Supplemental Agreement, have the following meanings :
		

		
			"Beneficiary" means Pacific Western Bank, as further described in the recitals, and any of its assignees or successors.
		

		
			"Commercial Contract" means any contract entered (or to be entered) into between the Pledgor, as seller or provider, and a Pledged Debtor, as client and purchaser or subscriber, relating to the provision of products or services (such as technical support, training or consulting services) in the ordinary course of business.
		

		
			"Finance Documents" mean the Loan Documents, as defined in clause 8 (Definitions) of the Loan Agreement, the Supplemental Agreement, the Pledge Agreement, any other security document entered into between the Pledgor and the Beneficiary as security for the Secured Obligations and any other documents designated as such by the Pledgor and the Beneficiary.
		

		
			"Guarantee Account" has the meaning set out in Article 3.3 (ii) of this Pledge Agreement.
		

		
			"Loan Agreement" shall have the meaning indicated in the recitals of this Pledge Agreement.
		

		
			"Notification Event" means the occurrence of any of the following events: (i) a Borrower's payment default pursuant to clause 7.1 (b) of the Loan Agreement, (ii) the acceleration of the Loans pursuant to clause 7.2 (b) of the Loan Agreement or (iii) a Pledgor's payment default under the Guarantee issued on or about the date hereof in favour of the Beneficiary as security for the Secured Obligations, following receipt of a valid payment request from the Beneficiary.
		

		
			"Pledged Claims" means all of the Pledgor's claims, rights and interests, current or future, or vested or contingent, which it holds or may hold against its Pledged Debtors under Commercial Contracts. The Pledged Claims at the time of execution of this Pledge Agreement are listed in Schedule 1.
		

		
			"Pledged Debtors" means any and all persons and entities, being the debtors of the Pledgor in connection with one or several Pledged Claims as listed in Schedule 1 as at the time of execution of this Pledge Agreement.
		

		
			"Secured Obligations" means all present and future, including contingent and limited obligations of the Borrowers and/or the Pledgor or pursuant to the provisions of the Loan Agreement towards the Beneficiary, arising under or in connection with the Loan
		

		
			
		

		
			

		 

		

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			Agreement, this Pledge Agreement or any other Finance Document, including all interest, fees, costs, penalties and expenses incurred by the Beneficiary under the Loan Agreement, this Pledge Agreement or any other Finance Document in each case together with all accruing interest and all losses, costs, charges and expenses incurred by the Beneficiary in connection with the protection, preservation or enforcement of its rights against the Pledgor with respect to the Finance Documents subject to relevant provisions of the Finance Documents (including Clause 8).
		

		
			"Supplemental Agreement" means the supplemental agreement entered into on the date hereof between the Pledgor as guarantor and the Beneficiary as lender.
		

		
			1.2            Interpretation
		

		
			(a)        In this Pledge Agreement, unless a contrary provision appears, a reference to:
		

		
			(i)         a Clause is a reference to a clause of this Pledge Agreement;
		

		
			(ii)       a  Schedule is a reference to a schedule of this Pledge Agreement;
		

		
			(iii)      words importing the plural shall include the singular and vice versa;
		

		
			(iv)       a person is a reference to or includes its successors and assignees; and
		

		
			(v)        an agreement or document includes a reference to that agreement or document as varied or novated at any time.
		

		
			(b)        The headings in this Pledge Agreement are for convenience only and are to be ignored in construing this Pledge Agreement.
		

		
			(c)        If there is any conflict between the provisions in this Pledge Agreement and the provisions of the Loan Agreement, the provisions of the Loan Agreement shall prevail.
		

		
			(d)       The principles of interpretation set out in the Loan Agreement shall apply mutatis mutandis to this Pledge Agreement.
		

		
			2.         PLEDGE (NANTISSEMENT)
		

		
			2.1       As security for the due performance, payment and discharge in full of the Secured Obligations, the Pledgor hereby irrevocably grants in favour of the Beneficiary who accepts it, a first ranking pledge over the Pledged Claims in accordance with Articles 2355 et seq. of the French Civil Code (Code Civil) (excluding Article 2360 of the French Civil Code (Code Civil)) and Articles L. 521-1 et seq of the French Commercial Code (Code de Commerce) (hereinafter the “Pledge”).
		

		
			2.2       In case of enforcement of the Pledge Agreement, the Pledgor agrees that the Beneficiary will enforce the Pledge as security for the Secured Obligations, pursuant to the terms of this Pledge Agreement and shall have no recourse over the assets of the Pledgor other than the Pledged Claims, in accordance with the provisions of Article 2334 of the French Civil Code (Code Civil).
		

		
			
		

		
			

		 

		

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			2.3       The Pledge Agreement shall include the entire value, current and future of the Pledged Claims, including any interest and proceeds of any kind, deriving, among others, from any assignment thereof, related to the Pledged Claims and paid after the enforcement of the Pledge Agreement by the Beneficiary.
		

		
			2.4       The security interest constituted by virtue of the Pledge Agreement will not be considered extinguished and will not be affected by the punctual instalments made for payment and / or partial reimbursement of the Secured Obligations.
		

		
			2.5       The Pledgor irrevocably and definitively waives, by the execution of this Pledge Agreement, its right to require from the Beneficiary to perform or exercise any other right or security interest towards any other person, before exercising its rights under the Pledge Agreement and any right to require the Beneficiary to exercise its rights in a specific order.
		

		
			3.         SITUATION OF THE PARTIES UNTIL THE TERM OF THE PLEDGE AGREEMENT
		

		
			3.1       As long as no Notification Event has occurred, and subject to the provisions of this Clause, the Pledgor may freely receive any payment under or with respect to the Pledged Claims.
		

		
			3.2       Upon the occurrence of a Notification Event which is continuing, the Beneficiary may notify any Pledged Debtor of the grant of the Pledge in the form attached in Schedule 2 hereto, which the Pledgor hereby expressly accepts, subject only to prior notice to the Pledgor.
		

		
			The Parties expressly acknowledge that, from the date of any such notification, the relevant Pledged Debtors shall pay the amounts due under the Pledged Claims directly to the Beneficiary, pursuant to the provisions of Articles 2362 et seq. of the French Civil Code (Code Civil).
		

		
			3.3       Any payment made by the Pledged Debtors to the Beneficiary pursuant to the provisions of Clause 3.2, shall, as applicable, be:
		

		
			(i)      allocated to the payment of all amounts due and payable under the Secured Obligations in accordance with the provisions of the Loan Agreement and Article 2364 of the French Civil Code (Code Civil); or
		

		
			(ii)    in the event that (x) all or part of the amounts due are not then payable (échus) under the Secured Obligations and (y) so long as the relevant Notification Event is outstanding, pursuant to Article 2364 of the French Civil Code (Code Civil), be kept as collateral on a bank account opened in the name of the Beneficiary in the books of a bank selected by the Beneficiary (hereafter the “Guarantee Account”), until the amount of the Pledged Claims has been allocated in full to the payment of all amounts due and payable under the Secured Obligations or any of the events referred to in Clause 3.5 has occurred.
		

		
			
		

		
			

		 

		

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			3.4       In the event a Notification Event is outstanding and has not been remedied or waived, and in the event where the Beneficiary has notified the Pledged Debtors pursuant to Clause 3.2, the Pledgor shall be entitled to receive the repayment of the balance of the Guarantee Account, if any, subject to (i) the written request of the Pledgor to the Beneficiary, in relation thereto, and (ii) provided that 1 ) all events constituting a Notification Event have been remedied within the cure period set forth in the Loan Agreement, or 2 ) the Beneficiary has expressly waived its right to benefit from such Notification Event, in each case in accordance with the relevant provisions of the Loan Agreement.
		

		
			Sums from the Guarantee Account will also be repaid following the occurrence of the Discharge Date.
		

		
			The Pledged Debtors will be notified to cease paying Pledged Claims on to the Guarantee Account at the same time repayment is due.
		

		
			3.5       Subject to the foregoing, the Beneficiary shall return to the Pledgor, within ten (10) Business Days of receipt of the Pledgor’s written request under Clause 3.4, the amounts paid, if any, on the credit of the Guarantee Account, minus any sums allocated to the payment of any amount due and payable in respect of the Secured Obligations, at the relevant date.
		

		
			4.         ENFORCEMENT OF THE PLEDGE
		

		
			4.1       Upon the occurrence of a Notification Default which is continuing and following notification of the Pledge to the relevant Pledged Debtors pursuant to Clause 3.2, the Beneficiary shall be entitled automatically and without any formality to appropriate such Pledged Claims as provided in Articles 2346 to 2348 of the French Civil Code (Code civil).
		

		
			4.2       Any amount received by the Beneficiary, or as the case may be on its own behalf shall be allocated to the payment of any amount due and payable in respect of the Secured Obligations, in accordance with the provisions of Clause 3.4 and Clause 3.5.
		

		
			4.3       In accordance with Article 2348 of the French Civil Code (Code Civil), the Beneficiary agrees to promptly repay to the Pledgor the difference between (i) the value of the Pledged Claims transferred to the Beneficiary pursuant to Clause 4.1 and (ii) the amounts outstanding under the Secured Obligations, it being specified that the Parties allow set-off.
		

		
			5.         REPRESENTATION AND WARRANTIES OF THE PLEDGOR
		

		
			5.1       The Pledgor expressly reiterates hereby representations and warranties of section 1 (Representations, Warranties and Covenants of Guarantor) of the Supplemental Agreement and hereby represents and warrants to the Beneficiary that on the date of this Pledge Agreement and for the duration of the Pledge Agreement:
		

		
			
		

		
			

		 

		

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			(i)          the execution, delivery and performance by the Pledgor of this Pledge Agreement, and all other documents contemplated hereby (i) have been duly and validly authorized by the Pledgor, (ii) are not subject to any consents required to be obtained by the Pledgor, which have not been obtained, (iii) are enforceable against Pledgor in accordance with their terms (except as enforcement may be limited by equitable principles and by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to creditors' rights generally), and (iv) do not violate Pledgor’s articles or certificate of incorporation, or Pledgor’s by-laws, or any law or any material agreement or instrument, which is binding upon Pledgor or its property;
		

		
			(ii)        to the extent it could have a material adverse effect on its ability to perform its obligations under this Pledge Agreement, no default has occurred under any Commercial Contract;
		

		
			(iii)       there is no action, claims or proceeding before any court or administrative authority, pending or threatened in writing, that could affect the validity, applicability or the capacity of the Pledgor to perform its obligations under this Pledge Agreement.
		

		
			5.2       The Pledgor represents and warrants that on the date of this Pledge Agreement and for the duration of the Pledge Agreement it has the full ownership of the Pledged Claims it holds from time to time against the Pledged Debtors.
		

		
			5.3       The Pledgor represents and warrants that on the date of this Pledge Agreement and for the duration of the Pledge Agreement the Pledged Claims are and will remain, free from any transfer, pledge, lien or any other third party rights and are not subject, to any foreclosure proceedings of which it would not have immediately informed the Beneficiary, except for the Pledge, any Permitted Lien and any adverse claim in an amount lower than USD 1,000,000.
		

		
			5.4       The Pledgor represents and warrants that the Beneficiary has and will continue to have a first-priority perfected and enforceable security interest in the Pledged Claims (except as enforcement may be limited by equitable principles and by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to creditors' rights generally), subject only to the Permitted Liens, it being specified that the Pledge will only be enforceable as against the Pledged Debtors when notified to them pursuant to Clause 3.2.
		

		
			5.5       The Pledgor is not on the date of this Pledge Agreement either (a) insolvent or (b) informed of an action or proceedings whatsoever initiated, in the course of a bankruptcy proceedings, for the purpose of requesting the suspension of payment, the dissolution or liquidation or ad hoc proceedings or the opening of a safeguard proceedings or the appointment of a mediator or a conciliator or any other similar proceedings described in the Livre Sixième of the French Commercial Code (Code de Commerce)  or any other similar proceedings provided by any other applicable law.
		

		
			
		

		
			

		 

		

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			5.6       The Pledgor shall refrain, in order to discharge itself from its undertaking, to invoke any change in the legal structure of the Beneficiary even though it would create a new legal entity, provided that the Secured Obligations are validly transferred to the new legal entity.
		

		
			5.7       The Pledgor shall not be discharged by:
		

		
			(i)       any modifications to the Loan Agreement (occurring one or several times provided those do not cause a novation);
		

		
			(ii)      the addition or the removal of new security interests, new creditors or new debtors;
		

		
			(iii)     a prorogation of the repayment date of the Loans in accordance with the provisions of the Loan Agreement;
		

		
			(iv)     the addition of new forms of drawdown of the Loan Agreement;
		

		
			(v)      any changes in the account currency or settling of the Loan Agreement;
		

		
			(vi)     the renewal, even tacit, of the Loans in compliance with the provisions of the Loan Agreement;
		

		
			which would affect in any way the provisions of the Loan Agreement.
		

		
			5.8       The Pledgor represents and warrants that changes to the Secured Obligations will immediately, automatically and without formality (except those required by law) be included into the scope of the Secured Obligations. Novation shall not be presumed by the Pledgor who shall only be able to invoke it if the Beneficiary, expressly states its intention to carry-out a novation without prejudice to the provisions of Clause 5.5.
		

		
			5.9       In case of assignment, conveyance or transfer of all or part of its rights and obligations by any of the Beneficiary as provided under the Loan Agreement, the Beneficiary reserves and preserves specifically, which the Pledgor hereby expressly accepts, all its rights, actions and privileges under this Pledge Agreement in favor of the relevant transferees, pursuant to the provisions of Article 1334 of the French Civil Code (Code Civil) so that the Pledge may guarantee the Secured Obligations for the benefit of such transferee without any further formality in the event such assignment, conveyance or transfer might be regarded as a novation under French law.
		

		
			6.         COVENANTS OF THE PLEDGOR
		

		
			6.1       The Pledgor agrees, at its expenses, on request by the Beneficiary, to execute all documents and take all actions and as the Beneficiary may reasonably request in order to perfect and maintain the Beneficiary's perfected first-priority security interest in the Pledged Assets (subject only to Permitted Liens and notification to the Pledged Debtors pursuant to Clause 3.2), and in order to fully consummate the transactions contemplated by this Pledge Agreement or to enable the Beneficiary to exercise and enforce its rights and remedies hereunder with respect to the Pledged Claims.
		

		
			
		

		
			

		 

		

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			6.2       In addition to the undertakings made in section 1 (Representations, Warranties and Covenants of Guarantor) of the Supplemental Agreement, the Pledgor covenants on the date of the Pledge Agreement and for the duration of the Pledge Agreement not to conclude any agreement that the terms would have a material adverse effect on the rights of the Beneficiary under this Pledge Agreement.
		

		
			7.         INDEMNITY
		

		
			The Pledgor must indemnify, promptly on reasonable demand, the Beneficiary against any liabilities and claims incurred by or made against the Beneficiary for anything done or omitted in the reasonable exercise or purported exercise of the powers contained in this Pledge Agreement or as a result of any breach of the Pledgor of any of its obligations or undertakings in this Pledge Agreement except for any liabilities and claims incurred by, or made against, the Beneficiary caused by the gross negligence or wilful misconduct of the Beneficiary.
		

		
			8.         COSTS AND EXPENSES
		

		
			The Pledgor undertakes, from time to time, on demand of the Beneficiary, to indemnify the Beneficiary, in respect of all reasonable costs and expenses incurred by the latter and/or by every attorney, manager, agent or other person appointed by it, in relation to the amendment or enforcement of this Pledge Agreement, including legal fees and expenses, and all charges, duties, taxes or registration fees relating thereto.
		

		
			9.         DELEGATION
		

		
			9.1       The Beneficiary or any person appointed by the Beneficiary may delegate by power of attorney or in any other manner to any properly qualified person or persons, any right, power, authority and discretion exercisable by the Beneficiary under this Pledge Agreement in relation to the Pledge.
		

		
			9.2       Any such delegation may be made upon such terms (including power to sub-delegate) and subject to such regulations as the Beneficiary or such person appointed by the Beneficiary may think fit.
		

		
			9.3       Neither the Beneficiary nor any such person appointed by the Beneficiary will be in any way liable or responsible to the Pledgor for any loss or damage arising from any fact, default, omission or misconduct on the part of any such delegate or sub-delegate.
		

		
			10.       POWER OF ATTORNEY
		

		
			10.1     The Pledgor hereby, in order more fully to secure the performance of its obligations hereunder, appoints the Beneficiary and every person appointed by the Beneficiary hereunder to be its attorney (mandataire) acting severally, and on its behalf and in its
		

		
			
		

		
			

		 

		

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			name or otherwise, to execute and do all such assurances, acts and things which the Pledgor is required to do and fails to do under the covenants and provisions contained in this Pledge Agreement.
		

		
			10.2     The Pledgor hereby ratifies and confirms and agrees to ratify and confirm whatever any such attorney as is mentioned in Clause 10.1 shall properly do or purport to do in the exercise or purported exercise of all or any of the powers, authorities and discretion referred to in such Clause.
		

		
			11.       SUCCESSORS AND ASSIGNS
		

		
			11.1     All the rights, privileges, powers and actions of the Beneficiary will ensure to the benefit of its permitted successors and assigns in accordance with clause 9.13 of the Loan Agreement.
		

		
			11.2     The Pledgor shall not assign, transfer, novate or dispose of any of, or any interest in its rights and/or obligations hereunder.
		

		
			11.3     The Beneficiary shall be entitled to assign, transfer, novate or dispose of any of, or any interest in, its rights and/or obligations hereunder to a third party in accordance with the Loan Agreement.
		

		
			11.4     In the event of an assignment, a transfer, a novation or disposal of all or part of the rights and obligations by the Beneficiary which might be regarded as a novation under French law, the Beneficiary expressly reserves the rights, powers, privileges and actions that it enjoys under this Pledge Agreement in favor of its assignees or, as the case may be, its successors, in accordance with the provisions of Article 1334 of the French Civil Code (Code Civil).
		

		
			12.       TERM AND RELEASE
		

		
			12.1     The Pledge enters into force on the date hereof and remains enforceable until the date on which effective repayment and payment of all sums due by the Borrowers to the Beneficiary under the Finance Documents (other than contingent indemnification and reimbursement obligations not yet due, and obligations which have been cash collateralized in an amount equal to such obligations, in a manner reasonably acceptable to the Beneficiary) is made and the Loan Agreement is terminated (the “Discharge Date”), it being specified that the Beneficiary shall expressly release the Pledge and all the rights of the Beneficiary under the Pledge Agreement following the Discharge Date.
		

		
			12.2     The Beneficiary undertakes to execute and remit to the Pledgor, at such Pledgor’s cost and if so requested, all certificates that the said Pledgor may reasonably request in order to confirm the above release.
		

		
			
		

		
			

		 

		

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			12.3     In the event of a release of the Pledge and the Pledge Agreement as referred to above, and subject to the applicable legal provisions, the Beneficiary agrees to pay to the Pledgor all amounts as per Clause 3.5.
		

		
			13.       MISCELLANEOUS
		

		
			13.1     The Beneficiary shall not be liable for any loss on realization, or for any default or omission in exercising its rights hereunder.
		

		
			13.2     The Pledgor alone shall be responsible for its own contracts, engagements, acts, omissions, defaults and losses and for liabilities incurred by it and the Beneficiary shall not incur any liability therefore (either to the Pledgor or any other person whatsoever) for any reason whatsoever.
		

		
			13.3     No failure to exercise, or any delay in exercising, by the Beneficiary any right or remedy under this Pledge Agreement shall operate as a waiver thereof. Nor shall any single or partial exercise of any right or remedy prevent any further or other exercise thereof or the exercise of any other right or remedy. The Beneficiary shall not assume any responsibility towards the Pledgor or its legal successors, individually or generally, due to the late exercise or failure to exercise the rights and prerogatives conferred on the Beneficiary by this Pledge Agreement. The rights and remedies provided for in this Pledge Agreement are cumulative and not exclusive of any rights or remedies provided by law and may be waived only in writing and specifically.
		

		
			13.4     A waiver by the Beneficiary of any right or remedy hereunder on any one occasion shall not be construed as a bar to any right or remedy which such Beneficiary would otherwise have on any future occasion. The rights and remedies herein provided are cumulative, may be exercised singly or concurrently and are not exclusive of any other rights or remedies provided by law.
		

		
			13.5     The security created by this Pledge Agreement shall be in addition to, and shall not in any way be prejudiced or affected by, and shall be without prejudice to, any other security or guarantee from time to time held by the Beneficiary in respect of the Secured Obligations or any thereof. In the event that one or more provisions of this Pledge Agreement is considered illegal, invalid or unenforceable, this Pledge Agreement shall be interpreted as if it did not contain that provision and the nullity or invalidity of the said provision shall not affect the validity or the performance of the other provisions of this Pledge Agreement, which shall nevertheless remain legal and valid and shall continue to be in force.
		

		
			13.6     The parties to this Pledge Agreement recognize that this Pledge Agreement has the sole objective of establishing the present security for the benefit of the Beneficiary and does not have the objective or effect of modifying the rights and obligations set out in the Loan Agreement.
		

		
			
		

		
			

		 

		

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			13.7     The Beneficiary is not liable for any losses arising from the exercise by Beneficiary of any rights or privileges under this Pledge Agreement, except in cases of voluntary or gross negligence (faute lourde ou intentionnelle).
		

		
			14.       NOTICES
		

		
			Unless otherwise specified in the Pledge Agreement, every notice, request, demand or other communication under this Pledge Agreement or relating to it, shall be in the English language and made in writing by registered mail with acknowledgment of receipt or by first-class prepaid letter (airmail if available) or by facsimile transmission or by e-mail as described below:
		

		
			14.1   Address
		

		
			Address, e-mail and facsimile number of the Parties are as described below (if necessary, the name of the service or responsible):
		

			
					
						For the Pledgor:

				
	
					
						 

				
	
					
						TALEND

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Address:

					
					
						9 rue Pages

					
					
						 

				
	
					
						 

					
					
						92150 Suresnes

					
					
						 

				
	
					
						Attention:

					
					
						Emmanuel Samson

					
					
						 

				
	
					
						Telephone:

					
					
						+33 (0) 1.80.42.00.77

					
					
						 

				
	
					
						Email:

					
					
						esamson@talend.com

					
					
						 

				

		
			 
		

			
					
						For the Beneficiary:

				
	
					
						 

				
	
					
						PACIFIC WESTERN BANK

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Address:

					
					
						406 Blackwell Street, Suite 240, Durham

					
					
						 

				
	
					
						 

					
					
						North Carolina 27701

					
					
						 

				
	
					
						 

					
					
						United States

					
					
						 

				
	
					
						Name:

					
					
						Mr. Nick Nance

					
					
						 

				

		
			 
		

		
			or any other address, facsimile number or service name or a responsible should be indicated subject to prior notice of at least 5 (five) Business Days.
		

		
			14.2   Reception
		

		
			Any notice, request, demand or other communication made under this Pledge Agreement shall be deemed to have been received only:
		

		
			(a)   for a facsimile, when received in a readable form;
		

		
			(b)   for a letter when it is filed to the right place or 5 (five) Business Days after being mailed in an envelope labeled with the correct address;
		

		
			
		

		
			

		 

		

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			(c)   by a registered letter with return receipt, at the date of the first presentation, and;
		

		
			(d)   assuming it was specified a service or a responsible recipient, provided that the communication was addressed to such service or person.
		

		
			A communication addressed to a Party shall not produce effects until it is deemed to have been received by the Party as detailed above and provided that it contains an explicit mention of the service or responsible recipient indicated above the name of the Party (or any other service or responsible that the Party may have indicated).
		

		
			15.       GOVERNING LAW – JURISDICTION
		

		
			15.1     This Pledge Agreement shall be governed by and construed in all respects in accordance with French law.
		

		
			15.2     The Parties expressly and specifically accept, pursuant to Article 23 of Council Regulation n°1215/2012, to give exclusive jurisdiction to the courts within the territorial jurisdiction of the Commercial Court of Paris to settle any dispute that may arise between the Parties in connection with the construction or performance of this Pledge Agreement.
		

		
			 
		

		
			 
		

		
			 
		

		
			(Signatures on the following page)
		

		
			
		

		
			

		 

		

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			This signature page refers to the Pledge of Receivables Agreement.
		

		
			This Agreement has been duly executed in Paris in two (2) originals on the date first above written.
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

			
					
						/s/ Emmanuel Samson

					
					
						    

					
					
						/s/ Stephen J. Berens

				
	
					
						TALEND SA.

					
					
						 

					
					
						PACIFIC WESTERN BANK

				
	
					
						As Pledgor

					
					
						 

					
					
						As Beneficiary

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Represented by: Emmanuel Samson

					
					
						 

					
					
						Represented by: Stephen J. Berens

				
	
					
						duly authorized

					
					
						 

					
					
						duly authorized

				

		
			 
		

		
			
		

		
			

		 

		

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			SCHEDULE 1 - PLEDGED DEBTORS - PLEDGED CLAIMS
		

		
			
		

		
			

		 

		

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			SCHEDULE 2 - FORM OF LETTER OF NOTIFICATION
		

		
			[Beneficiary’s heading]
		

		
			[To the Pledged Debtor]
		

		
			Registered letter with acknowledgement of receipt
		

		
			Re: Notification of the first ranking pledge dated [____]
		

		
			Dear Sir or Madam,
		

		
			We refer to the claims held by TALEND SA, a  société anonyme, with a share capital of EUR 2,417,390.40 incorporated under French laws, whose registered office is at 9 rue Pages, 92150 Suresnes, France, identified with the corporate and trade register of Nanterre under number 484 175 252 (hereinafter referred to as the “Pledgor”), against you under the [____] agreement entered into with your company on [____] (hereinafter referred to as the “Pledged Claims”).
		

		
			Under a first ranking pledge agreement (the “Pledge Agreement”), a copy of which is attached, entered into on [____] 2019 between (i) the Pledgor and (ii) our institution as Beneficiary, the Pledgor has pledged, on a first-ranking basis and without pari passu ranking, to us, all of the Pledged Claims (the “Pledge”).
		

		
			We hereby inform you that a Notification Event has occurred under the Pledge Agreement and is continuing.
		

		
			In accordance with the provisions of Articles 2362 et seq. of the French Civil Code (Code Civil), we hereby notify you the said Pledge and request you to pay, after receipt of such notification, and until further notice from us, any amount under the Pledged Claims on the bank account opened in our books which references are: [____]
		

		
			Best regards,
		

		
			 
		

		
			 
		

		
			_______________________
		

		
			 
		

		 

		

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