Document:

EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 
 FOURTH
AMENDMENT 
 FOURTH AMENDMENT TO CREDIT AGREEMENT, dated as of April 10, 2017 (this “Fourth Amendment”), among
Syniverse Holdings, Inc. (the “Borrower”), Buccaneer Holdings, LLC (“Holdings”), Barclays Bank PLC, as Administrative Agent (the “Administrative Agent”), the Extending Lenders (as defined below),
each L/C Issuer (under and as defined in the Credit Agreement, as in effect immediately before and immediately after the Fourth Amendment Effective Time (as defined below)) and the Swing Line Lender (under and as defined in the Credit Agreement, as
in effect immediately before and immediately after the Fourth Amendment Effective Time). Unless otherwise indicated, all capitalized terms used herein and not otherwise defined shall have the respective meanings provided to such terms in the Credit
Agreement referred to below, as amended by this Fourth Amendment. 
 W I T N E S S E T H : 

WHEREAS, the Borrower, Holdings, the Lenders from time to time party thereto, the Administrative Agent, the Swing Line Lender and each L/C
Issuer, are parties to a Credit Agreement, dated as of April 23, 2012, as amended by the Incremental Commitment Amendment, dated as of June 28, 2013, as further amended by the Second Amendment, dated as of September 23, 2013, and as
further amended by the Third Amendment, dated as of March 6, 2015 (as amended, amended and restated, supplemented or otherwise modified from time to time, including by this Fourth Amendment, the “Credit Agreement”); 

WHEREAS, prior to the Fourth Amendment Effective Time, the Borrower has reduced (i) the aggregate Revolving Credit Commitments of all
Revolving Credit Lenders from $150,000,000 to $$85,600,000 and (ii) the Letter of Credit Sublimit from $50,000,000 to $40,000,000, in each case of clauses (i) and (ii), pursuant to Section 2.06(a) of the Credit Agreement (the
“Reduction”); 
 WHEREAS, Section 2.19 of the Credit Agreement permits the Borrower to request that Lenders of any
Existing Revolving Tranche (each such Lender as of the date hereof, immediately prior to the Fourth Amendment Effective Time, an “Existing Lender”) extend the scheduled maturity date with respect to all or a portion of their
Existing Revolving Commitments (as defined below) by converting all or a portion of such Existing Revolving Commitments into Extended Revolving Commitments pursuant to the procedures described therein; 

WHEREAS, in accordance with such procedures, the Borrower has requested that each Lender extend the scheduled maturity of its Initial
Revolving Credit Commitments (the “Existing Revolving Commitments”), such extension to be effected by converting the Existing Revolving Commitments of such Lender into New Initial Revolving Commitments (as defined below) subject to
the terms and conditions set forth herein; 
 WHEREAS, each Existing Lender party hereto agrees, subject to the terms and conditions set
forth herein, to convert the principal amount of the Existing Revolving Commitments held by such Lender and specified on its signature page hereto into New Initial Revolving Commitments (each such Lender with respect to its Existing Revolving
Commitments so converted, an “Extending Lender” and, together with the Replacement Lenders (as defined below), collectively, the “Extending Lenders”); 

 WHEREAS, pursuant to Section 2.19(e) of the Credit Agreement, the Borrower may cause any Existing
Lender that has not consented to the extension of such Lender’s Existing Revolving Commitments (each such Lender with respect to its Existing Revolving Commitments (if any) not so extended by conversion into New Initial Revolving Commitments
hereunder, a “Non-Extending Lender”; and any Revolving Credit Commitments held by a Non-Extending Lender not so extended by conversion into New Initial
Revolving Commitments hereunder, “Non-Extended Commitments”) to assign all of its rights and obligations under the Credit Agreement with respect to any such
Non-Extended Commitments to one or more assignees (each assignee, a “Replacement Lender”); 

WHEREAS, each Replacement Lender has agreed to acquire by assignment, pursuant to Section 2.19(e) of the Credit Agreement, Non-Extended Commitments of Non-Extending Lenders set forth opposite to such Replacement Lender’s name in Annex II, and to convert such
Non-Extended Commitments so acquired into New Initial Revolving Commitments on the terms and conditions set forth herein; 

WHEREAS, Section 2.19(c) of the Credit Agreement permits, subject to the limitations set forth therein, (i) the Loan Parties, the
Administrative Agent and the Extending Lenders to enter into an Extension Amendment without the consent of any Lender other than the Extending Lenders with respect to an Extended Tranche to establish such Extended Tranche and effect such amendments
to any Loan Documents as may be necessary or appropriate, in the reasonable judgment of the Borrower and the Administrative Agent, to effect the provisions of Section 2.19 of the Credit Agreement and (ii) any such Extension Amendment to
provide for additional amendments to the Credit Agreement other than those referred to or contemplated by clause (i) above; provided that such additional amendments do not become effective prior to the time that such additional
amendments have been consented to (including, without limitation, pursuant to consents applicable to holders of any Extended Tranches provided for in any Extension Amendment) by such of the Lenders, Loan Parties and other parties (if any) as may be
required in order for such additional amendments to become effective in accordance with Section 10.01 of the Credit Agreement; 

WHEREAS, pursuant to Section 10.01 of the Credit Agreement, the Borrower, the Administrative Agent and the Extending Lenders, including
the Replacement Lenders, who shall at the Fourth Amendment Effective Time constitute all Revolving Credit Lenders, agree to the additional amendments to the Credit Agreement (as in effect immediately prior to the Fourth Amendment Effective Time) as
set forth herein; 

  
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 NOW, THEREFORE, in consideration of the foregoing, and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 
 SECTION ONE - EXTENSION
AMENDMENT. Subject to the satisfaction of the conditions set forth in Section 4(B) hereof: 
 (a)    Each Extending
Lender party hereto hereby (i) agrees that posting of a draft of this Fourth Amendment for review by the Existing Lenders shall constitute an Extension Request and confirms receipt of such Extension Request; (ii) consents to the terms of
this Fourth Amendment; (iii) agrees that the submission of its signature page hereto shall constitute its Extension Election; (iv) irrevocably offers for conversion into a new Tranche of Revolving Credit Commitments on the terms and
conditions set forth herein (such new Tranche of Revolving Credit Commitments, as further defined below, the “New Initial Revolving Commitments”) the amount of the Existing Revolving Commitments held by such Extending Lender and
specified on its signature page hereto; and (v) agrees that the amount of the Existing Revolving Commitments held by such Extending Lender and specified on its signature page hereto shall be converted into New Initial Revolving Commitments as
of the Fourth Amendment Effective Date (as defined below) at the Fourth Amendment Effective Time pursuant to the provisions of Section 2.19 of the Credit Agreement and consents to all of the amendments set forth in Sections 2 and 3 hereof
below. 
 (b)    By notifying the Administrative Agent and Non-Extending Lenders
that hold Non-Extended Commitments pursuant to Section 2.19(e) of the Credit Agreement, the Borrower may elect to replace each such Non-Extending Lender with respect to
such Non-Extended Commitments by the assignment (each, a “Replacement Assignment”) from each such Non-Extending Lender to the applicable Replacement
Lender or Replacement Lenders, as Replacement Lender or Replacement Lenders, on the terms and conditions set forth in the Assignment and Assumption attached hereto as Annex I (the “Replacement Assignment and Assumption”), of all of
each such Non-Extending Lender’s rights and obligations under the Credit Agreement (as in effect immediately prior to the Fourth Amendment Effective Time) with respect to all of such Non-Extending Lender’s Non-Extended Commitments as of the Fourth Amendment Effective Date (without giving effect to this Fourth Amendment) (the “Assigned Non-Extended Commitments”). Each such Non-Extending Lender that is so replaced is hereby deemed to have executed and delivered the Replacement Assignment and
Assumption with respect to its Assigned Non-Extended Commitments as further set forth in Annex II, effective as of the Fourth Amendment Effective Date at the Fourth Amendment Effective Time, and the
Administrative Agent shall record the assignment or assignments contemplated by such Replacement Assignment and Assumption in the Register. Each Replacement Lender hereby by its signature hereto (i) is deemed to have entered into one or more
Replacement Assignment and Assumptions with respect to the Non-Extended Commitments set forth opposite its name in Annex II (the “Assumed Non-Extended
Commitments”) as of the Fourth Amendment Effective Date at the Fourth Amendment Effective Time, (ii) agrees to pay on the Fourth Amendment Effective Date to each applicable Non-Extending Lender
that has executed (or is deemed to have executed) the Replacement Assignment and Assumption to which such Replacement Lender is a party the obligations of the Borrower under the Credit Agreement (as in effect immediately prior to the Fourth
Amendment Effective Time) relating to such Non-Extending Lender’s Assumed Non-Extended Commitments owing to such
Non-Extending Lender on the Fourth Amendment Effective Date (without giving effect to this Fourth Amendment) and (iii) agrees that the Assumed Non-Extended
Commitments shall be converted into New Initial Revolving Commitments as of the Fourth Amendment Effective Date at the Fourth Amendment Effective Time pursuant to the provisions of Section 2.19 of the Credit Agreement and consents to all of the
amendments set forth in Sections 2 and 3 hereof below. Each of the Administrative Agent, the L/C Issuers, the Swing Line Lender and the Borrower hereby by its signature hereto is deemed to have entered into the Replacement Assignment and Assumption
as of the Fourth Amendment Effective Date at the Fourth Amendment Effective Time. 

  
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 (c)    It is hereby agreed that this Fourth Amendment shall be deemed to be
an “Extension Amendment”, the Initial Revolving Credit Commitments shall be deemed to be an “Existing Revolving Tranche”, “Existing Tranche” and “Existing Revolving Loans”, and the New Initial Revolving
Commitments shall be deemed to be an “Extended Revolving Tranche”, “Extended Tranche”, “Extended Revolving Commitments”, “Extended Revolving Loans” and “Extended Loans”, in each case, under and as
defined in the Credit Agreement for all purposes of the Credit Agreement. 
 (d)    Each L/C Issuer party hereto and
each Extending Lender, including each Replacement Lender, hereby agrees that, notwithstanding the extension of the Existing Revolving Commitments, the Letters of Credit (if any) outstanding on the Fourth Amendment Effective Date (without giving
effect to this Fourth Amendment) shall remain outstanding, and each such Extending Lender, including each Replacement Lender, further agrees that it shall be bound by the applicable provisions of Section 2.03 of the Credit Agreement in respect
thereof. 
 (e)    Notwithstanding any provision to the contrary in the Credit Agreement, the Borrower shall pay on or
before the Fourth Amendment Effective Date all obligations of the Borrower under the Credit Agreement (as in effect immediately prior to the Fourth Amendment Effective Time) accrued thereunder until the Fourth Amendment Effective Date with respect
to the Initial Revolving Credit Commitments, the Initial Revolving Credit Loans (if any), the Swing Line Loans (if any) and the Letters of Credit (if any) and owing to the Revolving Credit Lenders, the Swing Line Lender and the L/C Issuers, as
applicable, on the Fourth Amendment Effective Date (without giving effect to this Fourth Amendment) (such obligations, the “Prepaid Obligations”). For the avoidance of doubt, following the Fourth Amendment Effective Date, no further
amounts shall become due and payable with respect to the Prepaid Obligations paid by the Borrower on or before the Fourth Amendment Effective Date. 

SECTION TWO - ANCILLARY EXTENSION CREDIT AGREEMENT AMENDMENTS. Subject to the satisfaction of the conditions set forth in Section 4(B) hereof:

 (a)    Section 1.01 of the Credit Agreement (as in effect immediately prior to the Fourth Amendment Effective Time)
is hereby amended as follows: 
 (i)    By adding the following definitions, to appear in proper alphabetical order:

 ““Fourth Amendment” means the Fourth Amendment to Credit Agreement, dated April 10, 2017, among the
Borrower, Holdings, the Administrative Agent and the Lenders and other parties party thereto.” 
 ““Fourth Amendment
Effective Date” means the date on which all conditions set forth in Section 4 of the Fourth Amendment are satisfied or waived.” 

  
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 ““Individual Letter of Credit Sublimit” means (i) for each of
the Initial L/C Issuers, the amount set forth in the schedule below next to such Initial L/C Issuer’s name and (ii) for any L/C Issuer added pursuant to the definition of “L/C Issuer”, an amount (if any) agreed between the
Borrower and such L/C Issuer. 
  

					
	 Initial L/C Issuer
	  	Individual Letter of Credit Sublimit	 
	 Barclays Bank PLC
	  	$	13,084,112	 
	 Credit Suisse AG, Cayman Islands Brach
	  	$	8,598,131	 
	 Deutsche Bank AG New York Branch
	  	$	8,598,131	 
	 Mizuho Bank, Ltd.
	  	$	4,112,150	 
	 Goldman Sachs Lending Partners LLC
	  	$	3,738,318	 
	 Bank of America, N.A.
	  	$	1,869,159	 

 ” 

““New Initial Revolving Commitment” means, as to each Revolving Credit Lender, its obligation to (a) make
Loans to the Borrower pursuant to Section 2.01(b), (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set
forth opposite such Lender’s name on Annex III to the Fourth Amendment under the caption “New Initial Revolving Commitment” or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as
such amount may be adjusted from time to time in accordance with this Agreement, and “New Initial Revolving Commitments” means all of them, collectively. The aggregate amount of New Initial Revolving Commitments of all
Revolving Credit Lenders as of the Fourth Amendment Effective Date shall be $ $85,600,000, as such amount may be adjusted from time to time in accordance with the terms of this Agreement.” 

(ii)    By adding the following paragraph after the last paragraph of the definition of “Applicable Commitment
Fee”: 
 “From and after the Fourth Amendment Effective Date, if and for so long as, based on the immediately precedent two
paragraphs, the Applicable Commitment Fee would have been (for the avoidance of doubt, without giving effect to this paragraph) 0.25%, an additional fee of 0.25% shall be added thereto and the Applicable Commitment Fee, as increased by such
additional fee, shall apply for purposes of Section 2.09.”; 
 (iii)    By amending and restating the
definition of “L/C Issuer” in its entirety as follows: 
 ““L/C Issuer” means each of Barclays Bank
PLC, Credit Suisse AG, Cayman Islands Brach, Deutsche Bank AG New York Branch, Mizuho Bank, Ltd., Goldman Sachs Lending Partners LLC and Bank of America, N.A., in each case, acting through any of its Affiliates or branches (each, an
“Initial L/C Issuer” and, collectively, the “Initial L/C Issuers”), in its capacity as an issuer of standby Letters of Credit hereunder (it being understood that no Initial L/C Issuer shall be
obligated to issue any commercial letters of credit hereunder, unless such 

  
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Initial L/C Issuer agrees (in its sole discretion) to do so with respect to itself or any of its Affiliates or branches) and any other Lender reasonably acceptable to the Borrower and the
Administrative Agent that agrees to issue Letters of Credit pursuant hereto, in each case, acting through any of its Affiliates or branches, in its capacity as an issuer of Letters of Credit hereunder, or any successor issuer of Letters of Credit
hereunder. To the extent that any L/C Issuer arranges for any Letters of Credit to be issued by Affiliates or branches of such L/C Issuer, the term “L/C Issuer” shall include any such Affiliate or branch with respect to Letters of Credit
issued by such Affiliate or branch.”; 
 (iv)    By amending and restating the definition of “Letter of Credit
Sublimit” in its entirety as follows: 
 ““Letter of Credit Sublimit” means an amount equal to
$40,000,000, as such amount may be adjusted from time to time in accordance with the terms of this Agreement. The Letter of Credit Sublimit is part of, and not in addition to, the Revolving Credit Facility.”; 

(v)    By amending the definition of “Loan Documents” by replacing “and” appearing therein with a
comma (“,”) and inserting the phrase “and (vii) the Fourth Amendment” immediately after the phrase “(vi) the First Incremental Amendment” appearing therein; and 

(vi)    By (I) deleting the word “and” from the phrase “8.02; and (b)” appearing in the
definition of “Maturity Date” and (II) inserting the following phrase immediately after the phrase “April 23, 2019” appearing at the end of the definition of “Maturity Date”: 

“; and (c) with respect to the New Initial Revolving Commitments, the earlier of (i) January 15, 2019 and (ii) the date of
termination in whole of the New Initial Revolving Credit Commitments, the Letter of Credit Sublimit, and the Swing Line Facility pursuant to Section 2.06(a) or 8.02; provided that (1) in the event that more than $50 million of the
Senior Notes remains outstanding on the date that is 180 days prior to the Stated Maturity of the Senior Notes (the “First Revolver Springing Maturity Date”), the “Maturity Date” in the case of this clause
(c) shall mean the First Revolver Springing Maturity Date and (2) in the event that more than $50 million in aggregate principal amount of any Refinancing Indebtedness in respect of the Senior Notes remains outstanding on the date
that is 180 days prior to the Stated Maturity of such Refinancing Indebtedness (the “Second Revolver Springing Maturity Date”), the “Maturity Date” in the case of this clause (c) shall mean the earlier of the
Second Revolver Springing Maturity Date and January 15, 2019”. 
 (b)    Section 2.01(b) of the Credit
Agreement (as in effect immediately prior to the Fourth Amendment Effective Time) is hereby amended by inserting the phrase “made prior to the Fourth Amendment Effective Time (as defined in the Fourth Amendment)” immediately following the
phrase “each such loan” appearing in such Section 2.01(b). 
 (c)    Section 2.03(a)(i) of the Credit
Agreement (as in effect immediately prior to the Fourth Amendment Effective Time) is hereby amended by inserting the following phrase immediately after the phrase “Letter of Credit Sublimit” appearing at the end of the first sentence of
such Section 2.03(a)(i): 
 “; and provided, further, that no L/C Issuer shall be obligated to make any L/C Credit
Extension with respect to any Letter of Credit if and to the extent as of the date of such L/C Credit Extension the Outstanding Amount of the L/C Obligations in respect of Letters of Credit issued by such L/C Issuer would exceed such L/C
Issuer’s Individual Letter of Credit Sublimit”. 

  
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 SECTION THREE - SECTION 7.11 AMENDMENT. Subject to the satisfaction of the conditions set forth
in Section 4(B) hereof, Section 7.11 of the Credit Agreement (as in effect immediately prior to the Fourth Amendment Effective Time) is hereby amended and restated in its entirety as follows: 

“(a)    Subject to Section 7.11(b), the Borrower shall not, as of the end of each fiscal quarter of the Borrower so
long as any Revolving Credit Loans, any Swing Line Loans or any L/C Obligations (excluding L/C Obligations not in excess of $10 million and any Letters of Credit which are Cash Collateralized by the Borrower to at least 105% of their maximum
stated amount) are then outstanding, permit the Consolidated Senior Secured Debt Ratio as of the end of such fiscal quarter to exceed the ratio set forth below opposite such quarter: 

 

					
	 March 31, 2017
	  	 	6.25:1.00	 
	 June 30, 2017
	  	 	6.25:1.00	 
	 September 30, 2017
	  	 	6.25:1.00	 
	 December 31, 2017
	  	 	6.00:1.00	 
	 March 31, 2018
	  	 	6.00:1.00	 
	 June 30, 2018 and each fiscal quarter ended thereafter
	  	 	5.75:1.00	 

 (b)    Notwithstanding Section 7.11(a), if and for so long as (I) the Borrower fails
to satisfy the conditions set forth in clauses (ix) and (x) of Section 7.11(c) or (II) the Borrower and its Restricted Subsidiaries fail to satisfy any of the conditions set forth in clauses (i) through (viii) of Section 7.11(c) and
such failure continues for 5 Business Days after notice thereof by the Administrative Agent at the direction of the Required Revolving Lenders to the Borrower (the conditions in clauses (I) and (II) of this Section 7.11(b), collectively, the
“Financial Covenant Increase Conditions”, and the occurrence of an event under clause (I) or (II) above, a “Financial Covenant Increase Event”), the Borrower shall not, as of (1) the date on
which a Financial Covenant Increase Event under clause (ix) or (x) of Section 7.11(c) (if any) shall have occurred (a “Specified Financial Covenant Increase Date”) and (2) the end of each fiscal quarter of the
Borrower occurring on or after the occurrence and during the continuation of a Financial Covenant Increase Event, in each case of clauses (1) and (2), so long as any Revolving Credit Loans, any Swing Line Loans or any L/C Obligations (excluding
L/C Obligations not in excess of $10 million and any Letters of Credit which are Cash Collateralized by the Borrower to at least 105% of their maximum stated amount) are then outstanding, permit the Consolidated Senior Secured Debt Ratio as of
such Specified Financial Covenant Increase Date (calculated by reference to the EBITDA of the Borrower and its Restricted Subsidiaries for the most recently ended four full fiscal quarters for which internal financial statements are available (or,
if earlier, were required to be delivered pursuant to Section 6.01(a) or (b)) immediately preceding such Specified Financial Covenant Increase Date, in the case of clause (1), or as of the end of such fiscal quarter, in the case of clause (2), to
exceed 5.00:1.00; provided that, for the avoidance of doubt, if at any time following the occurrence of a Financial Covenant 

  
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Increase Event each of the Financial Covenant Increase Conditions shall be satisfied (a “Financial Covenant Increase Conditions Cure Event”), this Section 7.11(b) shall
cease to apply (and, instead, Section 7.11(a) shall apply) unless and until a further Financial Covenant Increase Event shall have occurred and be continuing. 

(c)    The following shall constitute the Financial Covenant Increase Conditions: 

(i)    On and after the Fourth Amendment Effective Date, it shall be a Financial Covenant Increase Condition that the
Borrower shall not have Incurred, and shall not have permitted any of its Restricted Subsidiaries to Incur, directly or indirectly, any Indebtedness pursuant to Section 2.14(a) or clause (i) of Section 7.03(b)(xxxi), in each case, in reliance
on clause (i) of the definition of “Maximum Incremental Facilities Amount”. 
 (ii)    On and after the
Fourth Amendment Effective Date, it shall be a Financial Covenant Increase Condition that the Borrower shall not have made, and shall not have permitted any of its Restricted Subsidiaries to make, any Restricted Payment in reliance on Section
7.06(a), unless, at the time of such Restricted Payment, such Restricted Payment would have also been permitted if the amount available under Section 7.06(a)(C) as of the Fourth Amendment Effective Date was limited to (I) $55 million in the
case of any Restricted Payment under Section 7.06(a)(iii) or (II) $300 million (less Restricted Payments, if any, made in reliance on clause (I) above) and, in the case of this clause (II), only if, immediately after giving effect to such
Restricted Payment, the Consolidated Senior Secured Debt Ratio would not exceed 4.00:1.00 on a Pro Forma Basis. 

(iii)    On and after the Fourth Amendment Effective Date, it shall be a Financial Covenant Increase Condition that
(1) the Borrower shall not have Incurred or issued, and shall not have permitted any of its Restricted Subsidiaries to Incur or issue, directly or indirectly, any Indebtedness or any shares of Disqualified Stock and (2) the Borrower shall
not have permitted any of its Restricted Subsidiaries to issue any shares of Preferred Stock, as applicable, in reliance on clause (ii), (xii) or (xx) of the definition of “Permitted Debt”, in the case of such clauses (xii) and
(xx), other than any Indebtedness or Disqualified Stock or Preferred Stock (including any Indebtedness or Disqualified Stock or Preferred Stock Incurred pursuant to a commitment), as applicable, that serves to refund, refinance, replace, redeem,
repurchase, retire, defease or discharge any Indebtedness, Disqualified Stock or Preferred Stock or unutilized commitment outstanding thereunder as of the Fourth Amendment Effective Date and any Indebtedness or Disqualified Stock or Preferred Stock
(including any Indebtedness or Disqualified Stock or Preferred Stock Incurred pursuant to a commitment), as applicable, that serves to refund, refinance, replace, redeem, repurchase, retire, defease or discharge any Specified Refinancing
Indebtedness, in each case, including any additional Indebtedness, Disqualified Stock or Preferred Stock, as applicable, Incurred or issued to pay premiums, interest, defeasance or discharge costs and fees and expenses in connection therewith (the
“Specified Refinancing Indebtedness”); provided that any such Specified Refinancing Indebtedness is Incurred or issued in an aggregate principal amount or liquidation preference (or if issued with original issue
discount an aggregate issue price) that is equal to or less than the sum of (x) the aggregate principal amount or liquidation preference, including any unutilized commitment, then outstanding of the Indebtedness or Disqualified Stock or
Preferred Stock, as applicable, being refinanced plus (y) the amount of premium, interest, defeasance or discharge costs and fees and expenses Incurred in connection with such refinancing. 

  
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 (iv)    On and after the Fourth Amendment Effective Date, it shall be a
Financial Covenant Increase Condition that the Borrower shall not have Incurred, and shall not have permitted any of its Restricted Subsidiaries to Incur, directly or indirectly, any Indebtedness in reliance on clause (i) of the definition of
“Permitted Debt”, other than (I) Revolving Credit Loans and (II) any Specified Refinancing Indebtedness in respect of any Indebtedness or unutilized commitment outstanding thereunder as of the Fourth Amendment Effective Date or
any Specified Refinancing Indebtedness in respect thereof; provided that any such Specified Refinancing Indebtedness is Incurred or issued in an aggregate principal amount or liquidation preference (or if issued with original issue discount
an aggregate issue price) that is equal to or less than the sum of (x) the aggregate principal amount, including any unutilized commitment, then outstanding of the Indebtedness being refinanced plus (y) the amount of premium, interest,
defeasance or discharge costs and fees and expenses Incurred in connection with such refinancing. 
 (v)    On and after
the Fourth Amendment Effective Date, it shall be a Financial Covenant Increase Condition that (1) the Borrower shall not have Incurred or issued, and shall not have permitted any of its Restricted Subsidiaries to Incur or issue, directly or
indirectly, any Indebtedness or any shares of Disqualified Stock and (2) the Borrower shall not have permitted any of its Restricted Subsidiaries to issue any shares of Preferred Stock, as applicable, in reliance on clause (iv) of the
definition of “Permitted Debt” in an aggregate principal amount or liquidation preference in excess of $50 million, at the time of Incurrence, at any one time outstanding. 

(vi)    On and after the Fourth Amendment Effective Date, it shall be a Financial Covenant Increase Condition that
(A) (1) the Borrower shall not have Incurred or issued, and shall not have permitted any of its Restricted Subsidiaries to Incur or issue, directly or indirectly, any Indebtedness or any shares of Disqualified Stock and (2) the Borrower
shall not have permitted any of its Restricted Subsidiaries to issue any shares of Preferred Stock, as applicable, in reliance on Section 7.03(a) or clause (xv) of the definition of “Permitted Debt”, unless, after giving effect to the
Incurrence or issuance of such Indebtedness, Disqualified Stock or Preferred Stock, as applicable, (in the case of any revolving commitments being initially provided on any date of determination, as if Incurred in full on such date) and any
discharge of Indebtedness, Disqualified Stock or Preferred Stock, as applicable, in connection therewith, the Consolidated Senior Debt Ratio shall not have exceeded 6.00 to 1.00 on a Pro Forma Basis and (B) the Borrower shall not have
designated an Unrestricted Subsidiary, unless, immediately after giving effect to such designation, the Consolidated Senior Debt Ratio shall not have exceeded 6.00 to 1.00 on a Pro Forma Basis. 

(vii)    On and after the Fourth Amendment Effective Date, it shall be a Financial Covenant Increase Condition that the
Borrower shall not have Incurred, created or suffered to exist, and shall not have permitted any Restricted Subsidiary to Incur, create or suffer to exist, directly or indirectly, any Lien on any asset or property of the Borrower or such Restricted
Subsidiary in reliance on clause (25) of the definition of “Permitted Liens” securing any Debt Obligations of the Borrower or such Restricted Subsidiary in excess of $65 million at the time of Incurrence of such obligation, at
any one time outstanding. 

  
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 (viii)    On or after the Fourth Amendment Effective Date, it shall be a
Financial Covenant Increase Condition that if the Borrower or any of its Restricted Subsidiaries engages in any transaction pursuant to Section 7.03(a), 7.04(a), 7.06(a) or 7.06(b)(vi), the definition of “Maximum Incremental Facilities
Amount” or the definition of “Unrestricted Subsidiary” in reliance on compliance with a financial ratio test based on the Fixed Charge Coverage Ratio or the Consolidated Senior Secured Debt Ratio, such test would have also been
satisfied if, at the time of the relevant calculation, the Fixed Charge Coverage Ratio or the Consolidated Senior Secured Debt Ratio, as applicable, was calculated as set forth in Section 7.11(d). 

(ix)    On or after the Fourth Amendment Effective Date, it shall be a Financial Covenant Increase Condition that the
Borrower shall not have made, and shall not have submitted any Committed Loan Notice requesting, any Revolving Credit Borrowing if, immediately after giving effect to such Revolving Credit Borrowing (including the application of the proceeds thereof
and any substantially concurrent application of any other cash or Cash Equivalents in connection with such application of such Revolving Credit Borrowing proceeds), the aggregate amount of Unrestricted Cash and Cash Equivalents held by the Borrower
and its Restricted Subsidiaries that are Loan Parties on a consolidated basis (excluding (I) the Net Cash Proceeds of any Asset Sale or Casualty Event pending application thereof in accordance with Section 2.05(b)(ii) and (II) any cash or
Cash Equivalents which are expected in good faith by the Borrower to be applied within 30 calendar days following the date of such Revolving Credit Borrowing for general corporate or working capital purposes (including, without limitation, the
making of Investments or other Restricted Payments) permitted pursuant to this Agreement; provided that placement of Unrestricted Cash or Cash Equivalents on the balance sheet of Holdings or any of its Subsidiaries shall not be deemed
application of cash or Cash Equivalents for purposes of this clause (II)) would exceed $60 million (the occurrence of any such excess, a “Hoarding Event”); provided that for purposes of this clause (ix), the
amount of Unrestricted Cash and Cash Equivalents held by Restricted Subsidiaries that are not Loan Parties, to the extent exceeding $7.5 million in the aggregate at any time, shall (to the extent of any such excess and for so long as any such
excess shall continue to exist) be deemed to be held by Restricted Subsidiaries that are Loan Parties (and, upon the request of the Administrative Agent, the Borrower shall deliver to the Administrative Agent a certificate in connection with any
Committed Loan Notice for a Revolving Credit Borrowing, signed by a Responsible Officer of the Borrower, certifying that immediately after giving effect to such Revolving Credit Borrowing (including the application of the proceeds thereof and any
substantially concurrent application of any other cash or Cash Equivalents in connection with such application of such Revolving Credit Borrowing proceeds), a Hoarding Event pursuant to this clause (ix) shall not occur). 

(x)    On or after the Fourth Amendment Effective Date, it shall be a Financial Covenant Increase Condition that the
Borrower shall have applied cash or Cash Equivalents in an amount equal to the amount of the proceeds of any Revolving Credit Borrowing for purposes not prohibited by this Agreement on or before the date falling 30 days after the date of any such
Revolving Credit Borrowing; provided that placement of Unrestricted Cash or Cash Equivalents on the balance sheet of Holdings or any of its Subsidiaries shall not be deemed application of cash or Cash Equivalents for purposes of this clause
(x). 

  
 10 

 (d)    For purposes of (A) any calculation of the Consolidated Senior
Secured Debt Ratio in connection with this Section 7.11, the amount of unrestricted cash and Cash Equivalents deducted in any such calculation under clause (1)(y) of the definition of Consolidated Senior Secured Debt Ratio (I) shall be
limited to unrestricted cash and Cash Equivalents that would be stated on the balance sheet of the Borrower and the Restricted Subsidiaries that are Domestic Subsidiaries and held by the Borrower and such Restricted Subsidiaries as of the applicable
date of determination and (II) shall not exceed $60 million and (B) any calculation of the Consolidated Senior Debt Ratio, the Consolidated Senior Secured Debt Ratio or the Fixed Charge Coverage Ratio in connection with this
Section 7.11, the amount of management, monitoring, consulting and advisory fees paid to the Sponsor in cash during the relevant period shall not be added in the calculation of EBITDA pursuant to clause (4) of the definition of
“EBITDA” for such period to the extent the Consolidated Senior Debt Ratio as of the last day of such period would exceed 6.00:1.00. 

(e)    For purposes of this Section 7.11, (A) “Consolidated Senior Debt Ratio” as of any date
of determination means the ratio of (1) (x) Consolidated Total Indebtedness of the Borrower and its Restricted Subsidiaries as of such date, minus (y) the amount of unrestricted cash and Cash Equivalents that would be stated on the balance
sheet of the Borrower and the Restricted Subsidiaries that are Domestic Subsidiaries and held by the Borrower and such Restricted Subsidiaries as of such date of determination, not exceeding $60 million, to (2) the EBITDA of the Borrower
and its Restricted Subsidiaries (calculated as set forth in Section 7.11(d)) for the most recently ended four full fiscal quarters for which internal financial statements are available (or, if earlier, were required to be delivered pursuant to
Section 6.01(a) or (b)) immediately preceding the date on which such event for which such calculation is being made shall occur and (B) “Unrestricted Cash” means unrestricted cash and Cash Equivalents that would be stated on
the balance sheet of the Borrower and the Restricted Subsidiaries and held by the Borrower and the Restricted Subsidiaries as of any date of determination; provided that any cash and Cash Equivalents attributable to Foreign Subsidiaries shall
be calculated net of any reasonably anticipated repatriation costs and expenses of domesticating such cash and Cash Equivalents from such Foreign Subsidiaries as determined by the Borrower in good faith. Notwithstanding anything to the contrary
herein, the Consolidated Senior Debt Ratio shall be calculated on a Pro Forma Basis with respect to each Specified Transaction occurring during the applicable four quarter period to which such calculation relates, or subsequent to the end of such
four-quarter period but not later than the date of such calculation. 
 (f)    For the avoidance of doubt, failure to
satisfy any Financial Covenant Increase Condition shall have no effect other than a Financial Covenant Increase Event subject to and as described in Section 7.11(b). 

  
 11 

 SECTION FOUR - CONDITIONS TO EFFECTIVENESS OF EXTENSION AMENDMENT. 

(A)    This Fourth Amendment, other than Sections 1, 2 and 3 hereof, shall become effective on the date and at the time
(the “Fourth Amendment Signing Date”) on and at which each of the following conditions shall have been satisfied or waived: 

(a)    the Administrative Agent shall have received (I) a counterpart to this Fourth Amendment signed by (whether the
same or different counterparts) (A) a duly authorized officer of the Borrower and Holdings, (B) each Extending Lender, including each Replacement Lender, collectively constituting as of the Fourth Amendment Effective Time all Revolving
Credit Lenders, (C) each L/C Issuer (under and as defined in the Credit Agreement, as in effect immediately before and immediately after the Fourth Amendment Effective Time) and (D) the Swing Line Lender (under and as defined in the Credit
Agreement, as in effect immediately before and immediately after the Fourth Amendment Effective Time) and (II) a counterpart to the acknowledgment and consent attached to this Fourth Amendment (the “Acknowledgment”) signed by
(whether the same or different counterparts) a duly authorized officer of each Subsidiary Guarantor; 
 (b)    the
Administrative Agent shall have received (A) true and complete copies of resolutions of the board of directors or a duly authorized committee thereof of the Borrower approving and authorizing the execution, delivery and performance of this
Fourth Amendment, and the performance of the Credit Agreement, as amended by this Fourth Amendment, certified as of the Fourth Amendment Signing Date by a Responsible Officer, secretary or assistant secretary of the Borrower as being in full force
and effect without modification or amendment and (B) a good standing certificate (or the equivalent thereof) for the Borrower from its jurisdiction of formation; 

(c)    the Administrative Agent shall have received (I) an opinion of Debevoise & Plimpton LLP, counsel to
the Loan Parties, addressed to each Lender party to this Fourth Amendment, in form and substance reasonably satisfactory to the Administrative Agent and (II) an opinion of Richards, Layton & Finger, P.A, special Delaware counsel to
certain of the Loan Parties, addressed to each Lender party to this Fourth Amendment, in form and substance reasonably satisfactory to the Administrative Agent; 

(d)    (x) the assignment fee (if any) and any other costs and expenses of each
Non-Extending Lender (including any costs payable under Section 3.05 of the Credit Agreement (as in effect immediately prior to the Fourth Amendment Effective Time), if applicable) with respect to any
assignment of its Non-Extended Commitments shall have been paid in full, (y) the Non-Extended Commitments of each
Non-Extending Lender shall be assigned to the Replacement Lenders in accordance with Section 2.19(e) of the Credit Agreement as of the Fourth Amendment Effective Date at the Fourth Amendment Effective Time and
(z) the obligations of the Borrower under the Credit Agreement (as in effect immediately prior to the Fourth Amendment Effective Time) relating to each Non-Extending Lender’s Non-Extended Commitments owing to each such Non-Extending Lender on the Fourth Amendment Effective Date (without giving effect to this Fourth Amendment) (if any) shall have
been paid in full by the applicable Replacement Lender in accordance with Section 2.19(e) of the Credit Agreement; 

(e)    the Borrower shall have paid to the Administrative Agent, in immediately available funds, for the account of each
Extending Lender, including each Replacement Lender, an amendment fee equal to 0.50% of each such Extending Lender’s New Initial Revolving Commitment set forth opposite such Lender’s name on Annex III under the caption “New Initial
Revolving Commitment”; 

  
 12 

 (f)    the Extension Request shall have been made to each Revolving Credit
Lender (prior to the effectiveness of the Fourth Amendment); and 
 (g)    the representations and warranties set forth
in Section 5 of this Fourth Amendment shall be true and correct in all material respects on and as of the Fourth Amendment Signing Date. 

(B)    Sections 1, 2 and 3 hereof shall become effective on the date (the “Fourth Amendment Effective
Date”) and at the time (the “Fourth Amendment Effective Time”) on and at which each of the following conditions shall have been satisfied or waived: 

(a)    the Fourth Amendment Signing Date shall have occurred; 

(b)    at the Fourth Amendment Effective Time, no Default or Event of Default (each as defined in the Credit Agreement (as
in effect immediately prior to the Fourth Amendment Effective Time)) shall have occurred and be continuing or would exist after giving effect to this Fourth Amendment; and 

(c)    the Reduction shall have occurred. 

SECTION FIVE - REPRESENTATIONS AND WARRANTIES; NO DEFAULT. In order to induce the Lenders to consent to this Fourth Amendment, each of the
Borrower and Holdings represents and warrants, on the Fourth Amendment Signing Date, to each of the Lenders party to this Fourth Amendment and the Administrative Agent that: 

(a)    the execution, delivery and performance (I) by the Borrower and Holdings of this Fourth Amendment and
(II) by each Subsidiary Guarantor of the Acknowledgment is within such Loan Party’s corporate or other powers, has been duly authorized by all necessary corporate or other organizational action, and does not (i) contravene the terms
of any of such Loan Party’s Organization Documents, (ii) conflict with or result in any breach or contravention of, or the creation of any Lien under, or require any payment to be made under (A) any Contractual Obligation to which
such Loan Party is a party or by which such Loan Party or the properties of such Loan Party are affected or (B) any material order, injunction, writ or decree of any Governmental Authority or any arbitral award to which such Loan Party or its
property is subject; or (iii) violate any material Law; in each case, except with respect to any violation, breach or contravention or payment (but not creation of Liens) referred to in clause (ii) or (iii) to the extent that such
violation, conflict, breach, contravention or payment could not reasonably be expected to have a Material Adverse Effect; 

(b)    in the case of the Borrower and Holdings, this Fourth Amendment and the Credit Agreement, as amended by this Fourth
Amendment, and, in the case of the Subsidiary Guarantors, the Acknowledgment, constitute a legal, valid and binding obligation of such Loan Party, enforceable against such Loan Party in accordance with its terms, except as enforceability may be
limited by bankruptcy, insolvency, reorganization, receivership, moratorium or other laws affecting creditors’ rights generally and by general equitable principles; 

  
 13 

 (c)    all representations and warranties of the Borrower and each other Loan
Party contained in Article V of the Credit Agreement and any other Loan Document are true and correct in all material respects (and in all respects if any such representation or warranty is already qualified by materiality) on and as of the Fourth
Amendment Effective Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects (and in all respects if any such representation or
warranty is already qualified by materiality) as of such earlier date, and except that for purposes of this Section 5, the representations and warranties contained in Sections 5.05(a), (b), (d) and (e) of the Credit Agreement shall be
deemed to refer to the most recent statements furnished pursuant to Sections 6.01(a), (b) and (c) of the Credit Agreement, respectively; and 

(d)    no Default exists as of the Fourth Amendment Effective Date, both before and after giving effect to this Fourth
Amendment. 
 SECTION SIX - EFFECTS ON LOAN DOCUMENTS. 

Except as expressly set forth herein, this Fourth Amendment shall not alter, modify, amend or in any way affect any of the terms, conditions,
obligations, covenants or agreements contained in the Credit Agreement or any other provision of the Credit Agreement or any other Loan Document and each and every such term, condition, obligation, covenant and agreement contained in the Credit
Agreement or any other Loan Document is hereby ratified and re-affirmed in all respects and shall continue in full force and effect and nothing herein can or may be construed as a novation thereof. Each of
Holdings and the Borrower (i) reaffirms its obligations under the Loan Documents to which it is a party, (ii) acknowledges and agrees that all of its obligations under the Security Agreement and the other Collateral Documents to which it
is party are reaffirmed and remain in full force and effect on a continuous basis, (iii) reaffirms each Lien granted by it to the Administrative Agent for the benefit of the Secured Parties and, in the case of Holdings, the guarantees made
pursuant to the Holdings Guaranty and (iv) acknowledges and agrees that the grants of security interests by and, in the case of Holdings, the guarantees of it contained in, in the case of Holdings, the Holdings Guaranty, the Security Agreement
and the other Collateral Documents are, and shall remain, in full force and effect after giving effect to this Fourth Amendment. This Fourth Amendment shall constitute a “Loan Document” for purposes of the Credit Agreement and from and
after the Fourth Amendment Effective Date, all references to the Credit Agreement in any Loan Document and all references in the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import
referring to such agreement, shall, unless expressly provided otherwise, refer to the Credit Agreement, as amended by this Fourth Amendment. The Borrower hereby consents to this Fourth Amendment and confirms that all of its obligations under the
Loan Documents to which it is a party shall continue to apply to the Credit Agreement, as amended by this Fourth Amendment. Additionally, the Lenders party hereto hereby consent to the terms of to the Credit Agreement, as amended prior to the date
hereof and by this Fourth Amendment. 
 SECTION SEVEN - EXPENSES. The Borrower shall pay all reasonable out-of-pocket costs and expenses of the Administrative Agent incurred in connection with the preparation, negotiation, execution and delivery of this Fourth Amendment and the other instruments and documents
to be delivered hereunder, if any (including the reasonable fees, disbursements and other charges of Latham & Watkins LLP, counsel for the Administrative Agent). 

  
 14 

 SECTION EIGHT - COUNTERPARTS. This Fourth Amendment may be executed in any number of counterparts
and by different parties hereto on separate counterparts, each of which when so executed and delivered shall be deemed to be an original, but all of which when taken together shall constitute a single instrument. Delivery of an executed counterpart
of a signature page of this Fourth Amendment by facsimile or any other electronic transmission shall be effective as delivery of a manually executed counterpart hereof. 

SECTION NINE - APPLICABLE LAW. THIS FOURTH AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS FOURTH AMENDMENT SHALL BE
GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO ITS PRINCIPLES OR RULES OF CONFLICT OF LAWS TO THE EXTENT SUCH PRINCIPLES OR RULES ARE NOT MANDATORILY APPLICABLE BY STATUTE AND
WOULD REQUIRE OR PERMIT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. 
 SECTION TEN - HEADINGS. The headings of this Fourth
Amendment are for purposes of reference only and shall not limit or otherwise affect the meaning hereof. 
 SECTION ELEVEN -
FATCA.    For purposes of determining withholding Taxes imposed under FATCA, the Borrower and the Administrative Agent from and after the effective date of the Third Amendment to the Credit Agreement, dated as of March 6,
2015, have treated and shall continue to treat (and the Required Revolving Lenders by consenting to this Fourth Amendment have authorized the Administrative Agent to treat) the Credit Agreement (other than the Initial Term Loans and Tranche B Term
Loans thereunder), for purposes of FATCA as not qualifying as a “grandfathered obligation” within the meaning of Sections 1.1471-2(b)(2)(i) and
1.1471-2T(b)(2)(i) of the U.S. Treasury regulations. 
 SECTION TWELVE - ACKNOWLEDGMENT AND CONSENT
TO BAIL-IN OF EEA FINANCIAL INSTITUTIONS. 
 (a)    Each party to this Fourth
Amendment acknowledges that any liability of any Extending Lender or Replacement Lender that is an EEA Financial Institution arising under this Fourth Amendment, to the extent such liability is unsecured, may be subject to the Write-Down and
Conversion Powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: 
  

	 	(i)	the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities arising hereunder which may be payable to it by any Extending Lender or Replacement Lender that is an EEA
Financial Institution; and 

  

	 	(ii)	 the effects of any Bail-in Action on any such liability, including, if
applicable: (x) a reduction in full or in part or cancellation of any such liability; (y) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Financial Institution, its parent
entity, or a bridge institution that may be issued to it or otherwise 

  
 15 

	 	
conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability; or (z) the variation of the terms of
such liability in connection with the exercise of the Write-Down and Conversion Powers of any EEA Resolution Authority. 

(b)    For purposes of this Section Twelve: 

“Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the
applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution; 

“Bail-In Legislation” means, with respect to any EEA Member Country implementing
Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In
Legislation Schedule; 
 “EEA Financial Institution” means (a) any credit institution or investment firm established
in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition and is subject
to the supervision of an EEA Resolution Authority, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to
consolidated supervision of an EEA Resolution Authority with its parent; 
 “EEA Member Country” means any of the member
states of the European Union, Iceland, Liechtenstein, and Norway; 
 “EEA Resolution Authority” means any public
administrative authority or any person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution; 

“EU Bail-In Legislation Schedule” means the EU
Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time; and 

“Write-Down and Conversion Powers” means, with respect to any EEA Resolution Authority, the write-down and conversion powers
of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule. 
 (c)    Notwithstanding anything to the contrary
herein, nothing contained in this Section Twelve shall modify or otherwise alter the rights or obligations under the Credit Agreement or any other Loan Document of or to any Person party thereto other than the parties to this Fourth Amendment. 

[The remainder of this page is intentionally left blank.] 

  
 16 

 IN WITNESS WHEREOF, the parties hereto have caused this Fourth Amendment to be executed and
delivered by their respective duly authorized officers as of the date first above written. 
  

			
	 SYNIVERSE HOLDINGS,
INC.

  

			
	By:	 	 /s/ Robert F. Reich

	Name:	 	Robert F. Reich
	Title:	 	Executive Vice President and Chief Financial Officer

  
 [SYNIVERSE - SIGNATURE
PAGE TO FOURTH AMENDMENT TO APRIL 2012 CREDIT AGREEMENT] 

 
			
	BUCCANEER HOLDINGS, LLC
		
	By:	 	 /s/ Robert F. Reich

	Name:	 	Robert F. Reich
	Title:	 	Executive Vice President and Chief Financial Officer

  
 [SYNIVERSE - SIGNATURE
PAGE TO FOURTH AMENDMENT TO APRIL 2012 CREDIT AGREEMENT] 

 SIGNATURE PAGE TO FOURTH AMENDMENT 

The undersigned, in its capacity as a Revolving Credit Lender and as an L/C Issuer (immediately after the Fourth Amendment Effective Time),
hereby consents to all of the amendments reflected in the Fourth Amendment, including, without limitation, the amendments set forth in Sections 1, 2 and 3 thereof, and agrees to convert the amount of Initial Revolving Credit Commitments indicated
below into New Initial Revolving Commitments, in each case in accordance with the Fourth Amendment on the Fourth Amendment Effective Date: 

Please complete one of the two boxes immediately below. 
  

			
	 By checking the box immediately below, you have indicated that you will be converting the entire aggregate principal amount of your Initial
Revolving Credit Commitments into New Initial Revolving Commitments.
 ☒
	 	 Solely to the extent that you are converting less than the entire aggregate principal amount of your Initial Revolving Credit
Commitments, please fill in the principal amount of your Initial Revolving Credit Commitments to be converted to New Initial Revolving Commitments:

$            

  

			
	 Barclays Bank PLC

	(Name of Institution)

  

			
	By:	 	 /s/ Craig Malloy

	Name:	 	Craig Malloy
	Title:	 	Director

  
 [SYNIVERSE - SIGNATURE
PAGE TO FOURTH AMENDMENT TO APRIL 2012 CREDIT AGREEMENT] 

 SIGNATURE PAGE TO FOURTH AMENDMENT 

The undersigned, in its capacity as a Revolving Credit Lender and as an L/C Issuer (immediately after the Fourth Amendment Effective Time),
hereby consents to all of the amendments reflected in the Fourth Amendment, including, without limitation, the amendments set forth in Sections 1, 2 and 3 thereof, and agrees to convert the amount of Initial Revolving Credit Commitments indicated
below into New Initial Revolving Commitments, in each case in accordance with the Fourth Amendment on the Fourth Amendment Effective Date: 

Please complete one of the two boxes immediately below. 
  

			
	 By checking the box immediately below, you have indicated that you will be converting the entire aggregate principal amount of your Initial
Revolving Credit Commitments into New Initial Revolving Commitments.
 ☒
	 	 Solely to the extent that you are converting less than the entire aggregate principal amount of your Initial Revolving Credit
Commitments, please fill in the principal amount of your Initial Revolving Credit Commitments to be converted to New Initial Revolving Commitments:

$            

  

			
	 Credit Suisse AG, Cayman Islands Branch

	(Name of Institution)

  

			
	By:	 	 /s/ Robert Hetu

	Name:	 	Robert Hetu
	Title:	 	Authorized Signatory
		
	By:	 	 /s/ Whitney Gaston

	Name:	 	Whitney Gaston
	Title:	 	Authorized Signatory

  
 [SYNIVERSE - SIGNATURE
PAGE TO FOURTH AMENDMENT TO APRIL 2012 CREDIT AGREEMENT] 

 SIGNATURE PAGE TO FOURTH AMENDMENT 

The undersigned, in its capacity as a Revolving Credit Lender and as an L/C Issuer (immediately after the Fourth Amendment Effective Time),
hereby consents to all of the amendments reflected in the Fourth Amendment, including, without limitation, the amendments set forth in Sections 1, 2 and 3 thereof, and agrees to convert the amount of Initial Revolving Credit Commitments indicated
below into New Initial Revolving Commitments, in each case in accordance with the Fourth Amendment on the Fourth Amendment Effective Date: 

Please complete one of the two boxes immediately below. 
  

			
	 By checking the box immediately below, you have indicated that you will be converting the entire aggregate principal amount of your Initial
Revolving Credit Commitments into New Initial Revolving Commitments.
 ☐
	 	 Solely to the extent that you are converting less than the entire aggregate principal amount of your Initial Revolving Credit
Commitments, please fill in the principal amount of your Initial Revolving Credit Commitments to be converted to New Initial Revolving Commitments:

$4,000,000.00

  

			
	 Bank of America, N.A.

	(Name of Institution)

  

			
	By:	 	 /s/ Cameron Cardozo

	Name:	 	Cameron Cardozo
	Title:	 	Senior Vice President

  
 [SYNIVERSE - SIGNATURE
PAGE TO FOURTH AMENDMENT TO APRIL 2012 CREDIT AGREEMENT] 

 SIGNATURE PAGE TO FOURTH AMENDMENT 

The undersigned, in its capacity as a Revolving Credit Lender and as an L/C Issuer (immediately after the Fourth Amendment Effective Time),
hereby consents to all of the amendments reflected in the Fourth Amendment, including, without limitation, the amendments set forth in Sections 1, 2 and 3 thereof, and agrees to convert the amount of Initial Revolving Credit Commitments indicated
below into New Initial Revolving Commitments, in each case in accordance with the Fourth Amendment on the Fourth Amendment Effective Date: 

Please complete one of the two boxes immediately below. 
  

			
	 By checking the box immediately below, you have indicated that you will be converting the entire aggregate principal amount of your Initial
Revolving Credit Commitments into New Initial Revolving Commitments.
 ☒
	 	 Solely to the extent that you are converting less than the entire aggregate principal amount of your Initial Revolving Credit
Commitments, please fill in the principal amount of your Initial Revolving Credit Commitments to be converted to New Initial Revolving Commitments:

$            

  

			
	 Goldman Sachs Lending Partners LLC

	(Name of Institution)

  

			
	By:	 	 /s/ Rebecca Kratz

	Name:	 	Rebecca Kratz
	Title:	 	Authorized Signatory
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 [SYNIVERSE - SIGNATURE
PAGE TO FOURTH AMENDMENT TO APRIL 2012 CREDIT AGREEMENT] 

 SIGNATURE PAGE TO FOURTH AMENDMENT 

The undersigned, in its capacity as a Revolving Credit Lender and as an L/C Issuer (immediately after the Fourth Amendment Effective Time),
hereby consents to all of the amendments reflected in the Fourth Amendment, including, without limitation, the amendments set forth in Sections 1, 2 and 3 thereof, and agrees to convert the amount of Initial Revolving Credit Commitments indicated
below into New Initial Revolving Commitments, in each case in accordance with the Fourth Amendment on the Fourth Amendment Effective Date: 

Please complete one of the two boxes immediately below. 
  

			
	 By checking the box immediately below, you have indicated that you will be converting the entire aggregate principal amount of your Initial
Revolving Credit Commitments into New Initial Revolving Commitments.
 ☒
	 	 Solely to the extent that you are converting less than the entire aggregate principal amount of your Initial Revolving Credit
Commitments, please fill in the principal amount of your Initial Revolving Credit Commitments to be converted to New Initial Revolving Commitments:

$            

  

			
	 Mizuho Bank, Ltd.,

	(Name of Institution)

  

			
	By:	 	 /s/ James R. Fayen

	Name:	 	James R. Fayen
	Title:	 	Managing Director
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 [SYNIVERSE - SIGNATURE
PAGE TO FOURTH AMENDMENT TO APRIL 2012 CREDIT AGREEMENT] 

 
			
	 DEUTSCHE BANK AG NEW YORK BRANCH,

as a Replacement Lender and as an L/C Issuer (immediately after the Fourth Amendment Effective
Time)

  

			
	By:	 	 /s/ Anca Trifan

	Name:	 	Anca Trifan
	Title:	 	Managing Director
		
	By:	 	 /s/ Mary Kay Coyle

	Name:	 	Mary Kay Coyle
	Title:	 	Managing Director

  
 [SYNIVERSE - SIGNATURE
PAGE TO FOURTH AMENDMENT TO APRIL 2012 CREDIT AGREEMENT] 

 
			
	 BARCLAYS BANK PLC,
 as
Administrative Agent, the Swing Line Lender (immediately before and immediately after the Fourth Amendment Effective Time) and as an L/C Issuer (immediately before the Fourth Amendment Effective
Time)

  

			
	By:	 	 /s/ Craig Malloy

	Name:	 	Craig Malloy
	Title:	 	Director

  
 [SYNIVERSE - SIGNATURE
PAGE TO FOURTH AMENDMENT TO APRIL 2012 CREDIT AGREEMENT] 

 
			
	 CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,

as an L/C Issuer (immediately before the Fourth Amendment Effective Time)

 

			
	By:	 	 /s/ Robert Hetu

	Name:	 	Robert Hetu
	Title:	 	Authorized Signatory
		
	By:	 	 /s/ Whitney Gaston

	Name:	 	Whitney Gaston
	Title:	 	Authorized Signatory

  
 [SYNIVERSE - SIGNATURE
PAGE TO FOURTH AMENDMENT TO APRIL 2012 CREDIT AGREEMENT] 

 
			
	 DEUTSCHE BANK AG NEW YORK BRANCH,

as an L/C Issuer (immediately before the Fourth Amendment Effective Time)

 

			
	By:	 	 /s/ Anca Trifan

	Name:	 	Anca Trifan
	Title:	 	Managing Director
		
	By:	 	 /s/ Mary Kay Coyle

	Name:	 	Mary Kay Coyle
	Title:	 	Managing Director

  
 [SYNIVERSE - SIGNATURE
PAGE TO FOURTH AMENDMENT TO APRIL 2012 CREDIT AGREEMENT] 

 Each Subsidiary Guarantor acknowledges and consents to each of the foregoing provisions of this Fourth Amendment.
Each Subsidiary Guarantor further acknowledges and agrees that all Obligations with respect to the Revolving Credit Commitments and the Revolving Credit Loans under the Credit Agreement as modified by this Fourth Amendment shall be fully guaranteed
and secured pursuant to the Subsidiary Guaranty and the Security Agreement, as applicable, in each case, in accordance with the terms and provisions thereof. The acknowledgments, consents and agreements in this paragraph, collectively, the
“Acknowledgment”. 
  

			
	 SYNIVERSE TECHNOLOGIES,
LLC

  

			
	By:	 	 /s/ Robert F. Reich

	Name:	 	Robert F. Reich
	Title:	 	Executive Vice President and Chief Financial Officer

  

			
	SYNIVERSE ICX CORPORATION

  

			
	By:	 	 /s/ Robert F. Reich

	Name:	 	Robert F. Reich
	Title:	 	Executive Vice President and Chief Financial Officer

  

			
	SYNIVERSE COMMUNICATIONS HOLDINGS CORPORATION

  

			
	By:	 	 /s/ Robert F. Reich

	Name:	 	Robert F. Reich
	Title:	 	Executive Vice President and Chief Financial Officer

  

			
	SYNIVERSE COMMUNICATIONS INTERMEDIATE HOLDINGS CORPORATION

  

			
	By:	 	 /s/ Robert F. Reich

	Name:	 	Robert F. Reich
	Title:	 	Executive Vice President and Chief Financial Officer

  
 [SYNIVERSE - SIGNATURE
PAGE TO FOURTH AMENDMENT TO APRIL 2012 CREDIT AGREEMENT] 

 
			
	SYNIVERSE COMMUNICATIONS, INC.
		
	By:	 	 /s/ Robert F. Reich

	Name:	 	Robert F. Reich
	Title:	 	Executive Vice President and Chief Financial Officer

  

			
	SYNIVERSE COMMUNICATIONS INTERNATIONAL, INC.

  

			
	By:	 	 /s/ Robert F. Reich

	Name:	 	Robert F. Reich
	Title:	 	Executive Vice President and Chief Financial Officer

  

			
	CIBERNET, LLC

  

			
	By:	 	 /s/ Robert F. Reich

	Name:	 	Robert F. Reich
	Title:	 	Executive Vice President and Chief Financial Office

  
 [SYNIVERSE - SIGNATURE
PAGE TO FOURTH AMENDMENT TO APRIL 2012 CREDIT AGREEMENT] 

 ANNEX I 

REPLACEMENT ASSIGNMENT AND ASSUMPTION 

This Replacement Assignment and Assumption (this “Assignment and Assumption”) is dated as of the Effective Date set forth below and
is entered into by and between [Insert name of Assignor] (the “Assignor”) and [Insert name of Assignee] (the “Assignee”). Capitalized terms used but not defined herein shall have the meanings given to them in the
Credit Agreement identified below (the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated
herein by reference and made a part of this Assignment and Assumption as if set forth herein in full. 
 For an agreed consideration, the
Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably purchases and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions set forth in Annex I hereto and the
Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below (i) all of the Assignor’s rights and obligations in its capacity as a Lender under the Credit Agreement and any other documents or
instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding rights and obligations of the Assignor under the respective facilities identified below (including,
without limitation, Letters of Credit, guarantees and Swing Line Loans included in such facilities) and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of the Assignor
(in its capacity as a Lender) against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any
way based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned
pursuant to clause (i) above (the rights and obligations sold and assigned pursuant to clauses (i) and (ii) above being referred to herein collectively as, the “Assigned Interest”). Such sale and assignment is without recourse to
the Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by the Assignor. 

1.    Assignor:
                                         

2.    Assignee:
                                         [and is
an Affiliate/Approved Fund of [identify Lender]] 
 3.    Borrower: SYNIVERSE HOLDINGS, INC., a Delaware corporation 

4.    Administrative Agent: BARCLAYS BANK PLC, as the administrative agent under the Credit Agreement 

5.    Credit Agreement: The Credit Agreement, dated as of April 23, 2012, as amended by the Incremental Commitment Amendment, dated
as of June 28, 2013, as further amended by the Second Amendment, dated as of September 23, 2013, as further amended by the Third Amendment, dated as of March 6, 2015, and as may be further amended, amended and restated,

 
supplemented or otherwise modified from time to time, among the Borrower, Holdings, the Lenders from time to time party thereto and Barclays Bank PLC, as the Swing Line Lender, an L/C Issuer and
the Administrative Agent 
 6.    Assigned Interest: 
  

													
	Facility Assigned	  	 Aggregate
Amount of
Commitment/

Loans for all
Lenders*
	 	  	 Amount of
Commitment/

Loans
Assigned*
	 	  	 Percentage
Assigned of
Commitment/

Loans
	 
	 Revolving Credit Facility
	  	$		 	  	$		 	  	 	%	 

 7.    Trade Date:
                                         

Effective Date:             , 20     [TO BE INSERTED BY ADMINISTRATIVE AGENT
AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 
 The terms set forth in this Assignment and
Assumption are hereby agreed to: 
  

			
	ASSIGNOR
	
	[NAME OF ASSIGNOR]

  

			
	By:	 	  

	Title:	 	

  

			
	ASSIGNEE
	
	[NAME OF ASSIGNEE]

  

			
	By:	 	  

	Title:	 	

			
	Consented to and Accepted:
	
	 BARCLAYS BANK PLC,
as Administrative
Agent

  

			
	By:	 	  

	Name:	 	
	Title:	 	
		
	By:	 	  

	Name:	 	
	Title:	 	

  

			
	Consented to and Accepted:
	
	 BARCLAYS BANK PLC,
as L/C
Issuer

  

			
	By:	 	  

	Name:	 	
	Title:	 	
		
	By:	 	  

	Name:	 	
	Title:	 	

  

			
	 Consented to and Accepted:
  

CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH
as L/C
Issuer

  

			
	By:	 	
	Name:	 	  

	Title:	 	
		
	By:	 	  

	Name:	 	
	Title:	 	

			
	 Consented to and Accepted:

 
 DEUTSCHE BANK AG NEW YORK BRANCH
as L/C
Issuer

  

			
	By:	 	  

	Name:	 	
	Title:	 	
		
	By:	 	  

	Name:	 	
	Title:	 	

  

			
	 Consented to and Accepted:

 
 BARCLAYS BANK PLC,
as Swing Line
Lender

  

			
	By:	 	  

	Name:	 	
	Title:	 	
		
	By:	 	  

	Name:	 	
	Title:	 	

  

			
	 [Consented to and Accepted:

 
 SYNIVERSE HOLDINGS,
INC.

  

			
	By:	 	  

	Name:	 	
	Title]1	 	

  

	1 	To be added unless an Event of Default under Section 8.01(a), (f) or (g) of the Credit Agreement has occurred and is continuing at the time of assignment. 

 STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AND ASSUMPTION 

1.    Representations and Warranties. 

1.1.    Assignor. The Assignor (a) represents and warrants that (i) it is the legal and beneficial owner
of the Assigned Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and, (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment
and Assumption and to consummate the transactions contemplated hereby; (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement or any other Loan
Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of the Borrower, any of its Subsidiaries or Affiliates or
any other Person obligated in respect of any Loan Document or (iv) the performance or observance by the Borrower, any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan Document; and
(c) only to the extent that it is an “Other Affiliate”, as defined the Credit Agreement, hereby affirms the No Undisclosed Information Representation. 

1.2.    Assignee. The Assignee (a) represents and warrants that (i) it has full power and authority, and
has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it is not an Affiliate Lender, (iii) it
meets all requirements of an Eligible Assignee under the Credit Agreement (subject to receipt of such consents as may be required under the Credit Agreement), (iv) from and after the Effective Date, it shall be bound by the provisions of the Credit
Agreement as a Lender thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (v) it has received a copy of the Credit Agreement, together with copies of the most recent financial statements
delivered pursuant to Section 6.01 thereof, as applicable, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase the
Assigned Interest on the basis of which it has made such analysis and decision independently and without reliance on the Administrative Agent or any other Lender, (vi) it has delivered a true and complete Administrative Questionnaire
substantially in the form of Exhibit E-3 to the Credit Agreement, (vii) attached hereto is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed
and executed by the Assignee, and (viii) it is not a “Defaulting Lender”, as such term is defined in the Credit Agreement; and (b) agrees that (i) it will, independently and without reliance on the Administrative Agent, the
Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents or any other instrument or document
furnished pursuant hereto or thereto, and (ii) it will be bound by the provisions of the Loan Documents, and it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be
performed by it as a Lender. 

 2.    Payments. From and after the Effective Date, the Administrative
Agent shall make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignee whether such amounts have accrued prior to or on or after the Effective Date. The Assignor and the
Assignee shall make all appropriate adjustments in payments by the Administrative Agent for periods prior to the Effective Date or with respect to the making of this assignment directly between themselves. 

3.    General Provisions. This Assignment and Assumption shall be binding upon, and inure to the benefit of, the
parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a signature page of this
Assignment and Assumption by telecopy shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and Assumption shall be governed by, and construed in accordance with, the law of the State of
New York, regardless of the laws that might otherwise govern under applicable principles of conflicts of law. 

 ANNEX II 
  

											
	 Non-Extending Lender
	  	Assigned Non-
Extended
Commitments	 	  	 Replacement Lender
	  	Portion of Assigned
Non-Extended
Commitments
assumed by
Replacement Lender	 
	Sumitomo Mitsui Banking Corporation	  	$	11,413,333.333333300	 	  	Barclays Bank PLC	  	$	8,026,666.666666670	 
	  	  	 Credit Suisse AG,
 Cayman Islands Brach
	  	$	3,386,666.666666670	 
	SunTrust Bank	  	$	8,560,000.000000000	 	  	 Credit Suisse AG,
 Cayman Islands Brach
	  	$	1,888,000.000000000	 
	  	  	 Deutsche Bank AG
 New York Branch
	  	$	5,274,666.666666670	 
	  	  	Mizuho Bank, Ltd.	  	$	1,397,333.333333330	 
	Raymond James Bank, N.A.	  	$	4,565,333.333333330	 	  	Mizuho Bank, Ltd.	  	$	1,125,333.333333330	 
	  	  	Goldman Sachs Lending Partners LLC	  	$	2,293,333.333333330	 
	  	  	Bank of America, N.A.	  	$	1,146,666.666666670	 
	Deutsche Bank Trust Company Americas	  	$	13,125,333.333333300	 	  	 Deutsche Bank AG
 New York Branch
	  	$	13,125,333.333333300	 
		  	  
	  
	 	  		  	  
	  
	 
	 Total:
	  	$	37,664,000.000000000	 	  		  	$	37,664,000.000000000	 
		  	  
	  
	 	  		  	  
	  
	 

  

					
	 Replacement Lender
	  	Assumed Non-Extended Commitments	 
	 Deutsche Bank AG New York Branch
	  	 	13,125,333.333333300	 
	 Barclays Bank PLC
	  	$	8,026,666.666666670	 
	 Credit Suisse AG, Cayman Islands Brach
	  	$	5,274,666.666666670	 
	 Deutsche Bank AG New York Branch
	  	$	5,274,666.666666670	 
	 Mizuho Bank, Ltd.
	  	$	2,522,666.666666670	 
	 Goldman Sachs Lending Partners LLC
	  	$	2,293,333.333333330	 
	 Bank of America, N.A.
	  	$	1,146,666.666666670	 
		  	  
	  
	 
	 Total:
	  	$	37,664,000.000000000	 
		  	  
	  
	 

 ANNEX III 
  

					
	 Lender
	  	New Initial Revolving Commitments	 
	 Barclays Bank PLC
	  	$	28,000,000.000000000	 
	 Credit Suisse AG, Cayman Islands Brach
	  	$	18,400,000.000000000	 
	 Deutsche Bank AG New York Branch
	  	$	18,400,000.000000000	 
	 Mizuho Bank, Ltd. (f/k/a Mizuho Corporate Bank, Ltd.)
	  	$	8,800,000.000000000	 
	 Goldman Sachs Lending Partners LLC
	  	$	8,000,000.000000000	 
	 Bank of America, N.A.
	  	$	4,000,000.000000000	 
		  	  
	  
	 
	 Total:
	  	$	85,600,000.000000000ex10-1.htm

Exhibit 10.1

		
EXECUTIVE EMPLOYMENT AGREEMENT 

Mesa Laboratories, Inc.
	 

 

 

 

 

This Executive Employment Agreement (the “Agreement”) is entered into on _________, 2017 (the “Effective Date”) by and between Mesa Laboratories, Inc. (the “Company”) and ____________________ (“Executive”).

 

1. Definitions. As used in this Agreement:

 

(a)      "Beneficial Owner" has the meaning ascribed to such term in Rule 13d-3 of the General Rules and Regulations under the Securities Exchange Act of 1934, as amended (the "Exchange Act").

 

(b)      “Board” shall mean the Board of Directors of the Company.

 

(c)      "Cause" means

 

i.       any act of personal dishonesty taken by Executive in connection with Executive’s responsibilities as an employee and intended to result in personal enrichment to Executive;

 

ii.      conviction of a felony or a crime other than a misdemeanor;

 

iii.      willful and negligent conduct endangering, or likely to endanger, the health or safety of another employee;

 

iv.     Executive’s willful and continued gross neglect of duties;

 

v.      despite warnings and counseling, repeated willful failure to follow lawful instructions of the Board that does, or reasonably could be materially and demonstrably injurious to the Company;

 

vi.     commission of theft, a material act of dishonesty or fraud, intentional falsification of employment or company records, or a criminal act that materially impairs the officer’s ability to perform his duties;

 

vii.    the willful engaging by Executive in gross misconduct, including violation of the Company’s employment policies, that is materially and demonstrably injurious to the Company; or

 

viii.   purposely falsifying or misrepresenting information on Company records.

 

 

 

	
Executive Employment Agreement – Mesa Laboratories, Inc.
	
Page 1
	
 Initials: Exec: _____ Mesa: _____

 

 

 

 

(d)      "Change of Control" of the Company means and includes each and all of the following occurrences:

 

i.       Any person is or becomes the Beneficial Owner, directly or indirectly, of voting securities of the Company representing more than 50% of the Company’s outstanding voting securities or rights to acquire such securities;

 

ii.      Any sale, lease, exchange or other transfer (in one transaction or a series of transactions) of all or substantially all of the assets of the Company;

 

iii.     A plan of liquidation of the Company or an agreement for the sale or liquidation of the Company is approved and completed; or

 

iv.     The Board determines in its sole discretion that a Change of Control has occurred, whether or not any event described above has occurred or is contemplated.

 

The term Change of Control shall not include either of the following events undertaken at the election of the Company:

 

i.       Any transaction, the sole purpose of which is to change the jurisdiction of the Company's incorporation; or

 

ii.      A transaction, the result of which is to sell all or substantially all of the assets of the Company to another corporation (the "surviving corporation"); provided that the surviving corporation is owned directly or indirectly by the stockholders of the Company immediately following such transaction in substantially the same proportions as their ownership of the Company's common stock immediately preceding such transaction; and provided, further, that the surviving corporation expressly assumes this Agreement.

 

(e)      "Code" means the Internal Revenue Code of 1986, as amended.

 

(f)      "Company" or “Mesa” means Mesa Laboratories, Inc., a Colorado corporation, and any subsidiaries or a successor as provided in Section 11 hereof.

 

(g)      "Current Monthly Salary" means the highest monthly base salary rate that was paid to Executive by the Company in the 12-month period prior to the Termination Date.

 

(h)      "Disability" means that, as of the Termination Date, Executive was unable to perform the duties of Executive’s position for a period of 180 consecutive days as the result of incapacity due to physical or mental illness.

 

 

	
Executive Employment Agreement – Mesa Laboratories, Inc.
	
Page 2
	
 Initials: Exec: _____ Mesa: _____

 

 

 

 

(i)     "Good Reason" means the occurrence of one of the following without Executive’s express written consent: (i) a significant reduction of Executive’s duties, position or responsibilities, or Executive’s removal from such position and responsibilities, unless Executive is offered a comparable position (i.e., a position of equal or greater organizational level, duties, authority, compensation, title and status); (ii) a reduction by the Company in Executive’s total cash compensation (base salary and target cash incentive) as in effect immediately prior to such reduction, unless all of the Company’s executive officers are required to accept a similar reduction, and in no case shall such reductions be greater than 20% of total cash compensation or for a duration of greater than ninety (90) days; (iii) a material reduction by the Company in the kind or level of employee benefits to which Executive is entitled immediately prior to such reduction with the result that Executive’s overall benefits package is significantly reduced, unless all of the Company’s executive officers are required to accept a similar reduction; (iv) Executive is requested to relocate his/her office by more than 50 miles, immediately prior to or within 24 months following a Change of Control event; (v) the failure of the Company to obtain the assumption of this Agreement pursuant to Section 11, (vi) any actual or proposed change in Executive’s total cash compensation (base salary and target cash incentive) immediately prior to or within 24 months following a Change of Control event; and (vii) Company materially breaches its obligations hereunder and fails to cure such breach within 30 days after receipt of written notice thereof given by Executive.

 

(j)     "Person" has the meaning ascribed to such term in Section 3(a)(9) of the Exchange Act and as used in Sections 13(d) and 14(d) thereof, including a group as defined in Section 13(d) of the Exchange Act but excluding the Company and any subsidiary and any employee benefit plan sponsored or maintained by the Company or any subsidiary (including any trustee of such plan acting as Trustee).

 

(k)      "Termination Date" means the date on which Executive’s Term of Executive Employment, as defined herein, with Mesa ends.

 

2.            Employment of Executive; Position and Duties. As of the Effective Date, Executive shall be employed by the Company as _____________, on the terms and conditions provided herein. In this role of _________________, Executive shall have the duties, roles and responsibilities traditionally assigned to the _________________ of a public company and shall report to _________________. Executive agrees to devote his/her full business time and attention to the duties of this position.

 

3.             Effective Date and Term of Executive Employment. This Agreement shall commence and be effective as of the Effective Date and shall be of indefinite term unless terminated pursuant to the provisions hereof. The period during which this Agreement is effective is referred to as the “Term of Executive Employment”.

 

4.             Executive’s Compensation. Executive’s compensation shall include the following:

 

(a)      Annual Base Salary. Executive’s annual base salary at the beginning of the Term of Executive Employment shall be ____________, payable in accordance with the Company’s normal payroll practices for its executive officers. The annual base salary may be increased or decreased from time to time at the discretion of the Compensation Committee of the Board.

 

 

	
Executive Employment Agreement – Mesa Laboratories, Inc.
	
Page 3
	
 Initials: Exec: _____ Mesa: _____

 

 

 

 

(b)      Annual Cash Incentive Payment. Executive shall be eligible to participate in the Company’s annual executive cash incentive plan as in effect from time to time, with the opportunity to receive an annual award each fiscal year of the Company ending during the Term of Executive Employment in accordance with the terms and conditions of such plan.

 

(c)      Equity Awards. During the Term of Executive Employment, within the first 30 days of each fiscal year, or at other times as determined by the Compensation Committee of the Board, Executive shall be granted stock options, restricted stock, performance shares and/or stock appreciation rights (collectively “Equity Awards”) under the Company’s equity plan (“Equity Plan”) as in effect from time to time. The number of shares of Equity Awards granted, the vesting schedule, the grant price, the term, and the terms and conditions of the Equity Awards will be determined by the Compensation Committee of the Board, and as defined in a separate equity award agreement (“Equity Agreement”). In the case of a conflict between the Equity Agreement and this Agreement, the terms and conditions of this Agreement shall prevail, provided however, that in the case of stock options award agreements governing grants prior to March 31, 2017, the terms and conditions of the award agreement shall prevail over this Agreement.

 

(d)      Fringe Benefits and Expense Reimbursement. During the Term of Executive Employment, Executive shall receive benefits and perquisites of employment similar to those as have been customarily provided to the Company’s other executive officers, including but not limited to health insurance coverage, 401(K) matching benefits, short-term and long-term disability benefits and life insurance, in each case in accordance with the plan documents or policies that govern such benefits. The Company shall reimburse Executive for all ordinary and necessary business expenses in accordance with established Company policy and procedures.

 

5.            Termination of Employment. Executive’s employment with the Company may be terminated for a variety of reasons, as described below (“Termination”). Following Termination, Executive will be bound by all provisions of this Agreement that survive its termination.

 

(a)      Voluntary Termination Without Good Reason. Executive may resign from employment without Good Reason at any time effective upon 90 day’s prior written notice to the Board. During the 90-day notice period, Executive will continue to perform duties and abide by all other terms and conditions of this Agreement. Additionally, Executive will use his/her best efforts to effect a smooth and effective transition to whomever will replace Executive if so identified during such 90-day notice period. The Company reserves the right to accelerate the Termination Date; provided, however, any acceleration shall not remove or limit the Company’s obligation to compensate Executive for the entire 90-day notice period, nor otherwise reduce Company’s obligations under this Agreement that would be incurred had the Termination Date not been accelerated. The Company shall have no liability to Executive under this Agreement other than that the Company shall: (i) pay Executive’s Current Monthly Salary and benefits through the Termination Date, (ii) pay Executive’s cash incentive for any fully completed previous fiscal years if unpaid as of the Termination Date, and (iii) provide for the continuation of Equity Awards as described in Section 5(d).

 

 

	
Executive Employment Agreement – Mesa Laboratories, Inc.
	
Page 4
	
 Initials: Exec: _____ Mesa: _____

 

 

 

 

(b)      Termination for Cause. If the Company determines to terminate Executive’s employment during the Term of Executive Employment for Cause, the Company shall have no liability to Executive other than to pay Executive’s salary and benefits through the Termination Date. The cessation of employment of Executive shall not be deemed to be for Cause unless and until there shall have been delivered to Executive a copy of a resolution duly adopted by the affirmative vote of at least a majority of the Board (excluding Executive, if Executive is a member of the Board) at a meeting of the Board called and held for such purpose (after reasonable notice is provided to Executive and Executive is given an opportunity, together with counsel for Executive if he/she so desires, to be heard before the Board), finding that, in the good faith opinion of the Board, Cause exists.

 

(c)      Termination Without Cause or for Good Reason. If Executive’s employment with the Company is terminated on account of (i) an involuntary Termination by the Company without Cause or (ii) a voluntary Termination by Executive for Good Reason, then subject to Executive signing and not revoking a separation agreement and release of claims in a form reasonably satisfactory to the Executive and the Company, and Sections 6 and 7 below:

 

i.      Executive will be entitled to severance payments, as follows:

 

1.            Executive’s then Current Monthly Salary will continue to be paid to Executive within ten (10) business days after the end of every month for: (i) a period of twelve (12) months after the Termination Date, or (ii) in the case of a Termination that occurs immediately prior to or within twenty four (24) months following a Change of Control, for a period of twenty four (24) months after the Termination Date (the “Salary Continuation”);

 

2.            A payment tied to the Executive’s then-current cash incentive plan as follows:

 

a.      In the case of a Termination that occurs immediately prior to or within twenty-four (24) months following a Change of Control, a payment will be made to Executive within ten (10) business days after the end of every month, for a period of twenty four (24) months after the Termination Date, equal to one-twelfth (1/12) of the greater of (i) Executive’s annual maximum cash incentive for the fiscal year in which Executive’s Termination occurs or (ii) Executive’s annual maximum cash incentive for the fiscal year immediately preceding the fiscal year in which Executive’s Termination occurs; or

 

b.      in the case of a Termination not associated with a Change of Control, a single cash payment will be made within 90 days following the end of the fiscal year in which the Termination occurs, determined by reference to the cash incentive that Executive would have earned based on actual performance of the Company and the Executive for the relevant fiscal year had Executive’s employment not terminated, with the resulting amount pro-rated to reflect the number of days worked during the fiscal year, through and including the Termination Date.

 

 

	
Executive Employment Agreement – Mesa Laboratories, Inc.
	
Page 5
	
 Initials: Exec: _____ Mesa: _____

 

 

 

 

3.            The same percentage of Company-paid health benefits, including medical, dental and vision, as were provided to the Executive and the Executive’s family under plans of the Company as of the Termination Date, and for the same term as the Salary Continuation benefits. Notwithstanding the foregoing, the Company may, at its option, satisfy any requirement that the Company provide coverage under any plan by instead providing coverage under a separate plan or plans providing coverage that is no less favorable. Notwithstanding the foregoing, the Company’s obligation to provide health benefits shall end at such time as Executive obtains health benefits through another employer or otherwise in connection with rendering services for a third party, and Executive shall have an obligation to notify the Company within 30 days after first receiving such health benefits

 

(d)      Equity Awards: In addition to the payments and benefits provided under Sections 5(a-c), Equity Awards, granted to Executive under the Company’s Equity Plans, shall be handled as follows. In the case where employment Termination provisions in applicable Equity Plans conflict with the provisions in this Agreement, the provisions in this Agreement shall prevail. If Executive resigns from his/her current executive position, but remains an employee or director of the Company, this change of position and duties will not be considered a Termination for purposes of this Section 5(d), the Termination provisions of this Section 5(d) will not apply, and any continuation of Equity Awards shall be handled according to provisions in their respective Equity Plans.

 

1.            In the case of a voluntary Termination without Good Reason, all unvested Equity Awards as of the Termination Date will be cancelled, while the period during which a vested Equity Award is exercisable shall be limited to thirty (30) days after the Termination Date, subject to any other terms, conditions and restrictions of the respective Equity Plan.

 

2.             In the case of an involuntary Termination without Cause by the Company, or a voluntary Termination with Good Reason, Equity Awards as of the Termination Date will be handled as follows:

 

a.      If the Termination occurs immediately prior to or within twenty four (24) months following a Change of Control, all unvested Equity Awards will immediately become 100% vested, while all other terms, conditions and restrictions of the original grant and the respective Equity Plan(s) for both vested and unvested Equity Awards shall remain, including the period during which Equity Awards may be exercisable, or

 

 

	
Executive Employment Agreement – Mesa Laboratories, Inc.
	
Page 6
	
 Initials: Exec: _____ Mesa: _____

 

 

 

 

b.      if the Termination is not associated with a Change of Control, the vesting and other terms of all unvested Equity Awards will be at the discretion of the Board of Directors, while the terms, conditions and restrictions of the original grant and the respective Equity Plan(s) for vested Equity Awards shall remain, provided however, that in the case of stock options, the Executive may exercise vested options at any time; (i) within one (1) month after such Termination in the case of options granted prior to March 31, 2017; and (ii) prior to the natural termination date as stated in the original grant in the case of options granted after March 31, 2017.

 

3.            In the case of an involuntary Termination with Cause, all Equity Awards, whether vested or unvested, shall immediately be cancelled and the Executive shall have no opportunity to exercise such awards.

 

4.            Upon any Termination, at the discretion of the Board, all, or a portion of outstanding unvested Equity Awards, may immediately be 100% vested as of the Termination Date and the conditions and timing of the exercises of the Equity Awards may be altered by the Board.

 

 

(e)     Death or Disability. The employment of Executive shall automatically terminate upon Executive’s death or, with Board approval, upon the occurrence of a Disability that renders Executive incapable of performing the essential functions of his/her position. For purposes of this Agreement, any such Termination shall be treated in the same manner as an involuntary Termination without Cause, as described in Section 5(c) above, provided however, that Equity Awards shall be handled according to Termination provisions in their respective Equity Plans. Executive, or Executive’s estate, as applicable, shall receive all consideration, compensation and benefits that would be due and payable to Executive for an involuntary Termination without Cause.

 

6.      Compliance with Section 409A.      This Agreement is intended to comply with Section 409A of the Code and shall be interpreted, administered and operated in a manner consistent with that intent. Notwithstanding anything herein to the contrary, if at the time of the Executive’s Termination from service with the Company the Executive is a “specified employee” as defined in Section 409A of the Code (and the regulations thereunder) and any payments or benefits otherwise payable hereunder as a result of such separation from service are subject to Section 409A of the Code, then the Company shall defer the commencement of the payment of any such payments or benefits hereunder (without any reduction in such payments or benefits ultimately paid or provided) until the date that is six months following the Executive’s Termination from service with the Company (or the earliest date as is permitted under Section 409A of the Code), and the Company shall pay any such delayed amounts in a lump sum at such time. If, in order to comply with Section 409A of the Code and Treas. Reg. §1.409A-3(f), some or all of the payments described in this Agreement are required to be paid in installments, then such amounts shall be paid in such installments rather than in a lump sum. If any payments or other benefits due to the Executive hereunder could cause the application of an accelerated or additional tax under Section 409A of the Code, such payments or other benefits shall be deferred if deferral will make such payment or other benefits compliant under Section 409A of the Code, or otherwise such payment or other benefits shall be restructured, to the extent possible, in a manner, determined by the Company, that does not cause such an accelerated or additional tax. Each payment made under this Agreement shall be designated as a “separate payment” within the meaning of Section 409A of the Code. References to “Termination of employment” and similar terms used in this Agreement are intended to refer to “separation from service” within the meaning of Section 409A of the Code to the extent necessary to comply with Section 409A of the Code.

 

 

	
Executive Employment Agreement – Mesa Laboratories, Inc.
	
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7.      Section 280G Payments. Notwithstanding anything herein to the contrary, to the extent that any severance pay, cash incentive, stock option, restricted stock, RSUs, or other Equity Awards or benefits paid to, distributed to, or vested in the Executive pursuant to this Agreement or any other agreement or arrangement between the Company and the Executive (collectively, the “280G Payments”) (a) constitute a “parachute payment” within the meaning of Section 280G of the Code and (b) but for this Section 7 would be subject to the excise tax imposed by Section 4999 of the Code, then the 280G Payments shall be payable either (i) in full or (ii) in such lesser amount which would result in no portion of such 280G Payments being subject to excise tax under Section 4999 of the Code, whichever of the foregoing amounts, taking into account the applicable federal, state, and local income or excise taxes (including the excise tax imposed by Section 4999) results in the Executive’s receipt on an after- tax basis, of the greatest amount of benefits under this Agreement, notwithstanding that all or a portion of such benefits may be taxable under Section 4999 of the Code.

 

All calculations required by this Section 7 shall be made in good faith by the Company or such third party designated by the Company. Such calculations shall be provided to the Executive in writing as soon as practicable and shall be subject to the Executive’s review and comment, which the Company shall consider in good faith. Following the Executive’s comment, such calculations shall be conclusive and binding on the Parties for purposes of this Section 7. Notwithstanding the foregoing, if the calculations indicate that the Executive’s 280G Payments would be reduced pursuant to the preceding paragraph, the Executive may elect that an independent third party jointly designated by the Executive and the Company verify the calculations. If the Executive and the Company cannot agree on an independent third party, each shall designate an independent third party and the two designated parties shall choose a third party. The third party’s calculations shall be provided to the Executive and the Company in writing as soon as practicable and shall be subject to the Executive’s and Company’s review and comment, which the third party shall consider in good faith. Following the Executive’s and Company’s comment, such third party calculations shall be conclusive and binding on the Parties for purposes of this Section 7.

 

The reduction in any 280G Payments, if applicable, shall be effected in the following order: (i) any cash payments that are not subject to calculation under Treas. Reg. §1.280G-1, Q&A-24(b) or (c); (ii) any equity awards that are not subject to calculation under Treas. Reg. §1.280G-1, Q&A-24(b) or (c); (iii) any cash payments that are subject to calculation under Treas. Reg. §1.280G-1, Q&A-24(b) or (c), in order of the cash payments with the largest 280G Payment value; (iv) acceleration of vesting of any stock options subject to calculation under Treas. Reg. §1.280G-1, Q&A-24(b) or (c) for which the exercise price exceeds the then fair market value of the underlying stock, in order of the option tranches with the largest 280G Payment value; (v) acceleration of vesting of any equity award subject to calculation under Treas. Reg. §1.280G-1, Q&A-24(b) or (c) that is not a stock option, in order of the equity tranches with the largest 280G Payment value; and (vi) acceleration of vesting of any stock options subject to calculation under Treas. Reg. §1.280G-1, Q&A-24(b) or (c) for which the exercise price is less than the fair market value of the underlying stock in such manner as would net the Executive the largest remaining spread value if the options were all exercised as of the Code Section 280G event.

 

 

	
Executive Employment Agreement – Mesa Laboratories, Inc.
	
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8.      Other Agreements. Executive agrees to adhere to the terms of separate agreements involving non- competition and confidentiality that were executed in connection with Executive’s employment with the Company.

 

9.      Indemnification. If Executive is an officer or director of the Company, the Company shall maintain Directors and Officers liability coverage pursuant to which Executive shall be a covered insured. Executive shall receive indemnification in accordance with the Company’s Bylaws in effect as of the date of this Agreement. Such indemnification shall be contractual in nature and shall remain in effect notwithstanding any future change to the Company’s Bylaws. To the extent not otherwise limited by the Company’s Bylaws in effect as of the date of this Agreement, in the event that Executive is made a party or is threatened to be made a party to or is involved in any action, suit or proceeding (including those brought by or in the right of the Company), whether civil, criminal, administrative or investigative (“proceeding”), by reason of the fact that he is or was an officer, director, employee or agent of or is or was serving the Company or any subsidiary of the Company, or is or was serving at the request of the Company or another corporation, or of a partnership, joint venture, trust or other enterprise, including service with respect to employee benefit plans, whether the basis of such proceeding is alleged action in an official capacity as a director, officer, employee or agent or in any other capacity while serving as a director, officer, employee or agent, Executive shall be indemnified and held harmless by the Company to the fullest extent authorized by law against all expenses, liabilities and losses (including attorneys’ fees, judgments, fines, ERISA excise taxes or penalties and amounts paid or to be paid in settlement) reasonably incurred or suffered by Executive in connection therewith, provided Executive acted within the scope of his employment. Such right shall be a contract right and shall include the right to be paid by the Company for expenses incurred in defending any such proceeding in advance of its final disposition; provided, however, that the payment of such expenses incurred by Executive in his capacity as a director or officer (and not in any other capacity in which service was or is rendered by Executive while a director or officer, including, without limitation, service to an employee benefit plan) in advance of the final disposition of such proceeding will be made only upon delivery to the Company of an undertaking, by or on behalf of Executive, to repay all amounts to the Company so advanced if it should be determined ultimately that Executive is not entitled to be indemnified under this section or otherwise.

 

10.      No Mitigation. Executive shall not be required to mitigate the amount of any payment provided for in Section 5 hereof by seeking other employment or otherwise, nor shall the amount of such payment be reduced by reason of compensation or other income Executive receives for services rendered for the Company after the Termination Date.

 

11.      Company's Successors. The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to expressly assume and agree to perform the obligations under this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place. As used in this Section, the Company includes any successor to its business or assets as aforesaid which executes and delivers this Agreement or which otherwise becomes bound by all the terms and provisions of this Agreement by operation of law.

 

 

	
Executive Employment Agreement – Mesa Laboratories, Inc.
	
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12.      Notice. Notices and all other communications provided for in this Agreement shall be in writing and shall be deemed to have been duly given when (a) personally delivered, or (b) five (5) days after deposit with postal authorities transmitted by United States registered or certified mail, return receipt requested, postage prepaid, or (c) the next day sent if delivered by nationally recognized overnight delivery service, in each case addressed to the respective addressees set forth on the last page of this Agreement, or to such other address as either party may have furnished to the other in writing in accordance herewith, except that notices of change of address shall be effective only upon receipt.

 

13.      Amendment or Waiver. No provisions of this Agreement may be amended, modified, waived or discharged unless Executive and the Company agree to such amendment, modification, waiver or discharge in writing. No waiver by either party at any time of the breach of, or lack of compliance with, any conditions or provisions of this Agreement shall be deemed a waiver of the provisions or conditions hereof.

 

14.      Sole Agreement. This Agreement represents the entire agreement between Executive and the Company with respect to the matters set forth herein and supersedes and replaces any prior agreements in their entirety. No agreements or representations, oral or otherwise, express or implied, with respect to the subject matter of this Agreement will be made by either party which are not set forth expressly herein. No future agreement between Executive and the Company may supersede this Agreement unless it is in writing.

 

15.      Executive’s Successors. This Agreement shall inure to the benefit of and be enforceable by Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees.

 

16.      Funding. This Agreement shall be unfunded. Any payment made under the Agreement shall be made from the Company's general assets.

 

17.      Waiver. No waiver by either party of any breach of, or of compliance with, any condition or provision of this Agreement by the other party shall be considered a waiver of any other condition or provision or of the same condition or provision at another time.

 

18.      Headings. All captions and section headings used in this Agreement are for convenient reference only and do not form a part of this Agreement.

 

19.      Validity. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provisions of this Agreement, which shall remain in full force and effect.

 

 

	
Executive Employment Agreement – Mesa Laboratories, Inc.
	
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20.      Withholding. All payments made pursuant to this Agreement will be subject to withholding of applicable income and employment taxes.

 

21.      Applicable Law. This Agreement shall be interpreted and enforced in accordance with the laws of the State of Colorado (including its conflict of laws provisions). This Agreement is intended to comply with Section 409A of the Code and the regulations promulgated thereunder.

 

22.      Resolution of Disputes; Arbitration. Any dispute arising out of or relating to this Agreement or Executive’s employment with the Company or the Termination or expiration thereof shall be resolved first by negotiation between the parties. If such negotiations leave the matter unresolved after 60 (sixty) days, then such dispute or claim shall be resolved by binding confidential arbitration, to be held in Denver, Colorado, in accordance with the rules of the American Arbitration Association. The arbitrator in any arbitration provided for herein shall be mutually selected by the parties or in the event the parties cannot mutually agree, then appointed by the American Arbitration Association. Judgment upon the award rendered by the arbitrator may be entered in any court having jurisdiction thereof. The parties shall be responsible for their own costs and expenses under this Section 22.

 

23.      Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together will constitute one and the same instrument.

 

 

 

IN WITNESS WHEREOF, this Agreement is executed effective as of the Effective Date set forth above.

 

	
Mesa Laboratories, Inc.  
	 	
Executive:  
	
 

	
12100 W. 6th Avenue
	 	
Address: 
	
 
	
 

	
Lakewood, CO 80228 
	 	
 
	
 
	
 

	
 
	 	
 
	
 
	
 

	
 
	 	
 
	
 
	
 

	
 
	 	
 
	
 
	
 

 

 

 

	
Executive Employment Agreement – Mesa Laboratories, Inc.
	
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