Document:

Exhibit 10.30

 

AGREEMENT REGARDING ISSUE PRICE

 

THIS AGREEMENT REGARDING
ISSUE PRICE (this “Agreement”) is made as of July 22, 2013, by and between FORTRESS CREDIT CO LLC,
a Delaware limited liability company (“Fortress”), and CROSSROADS SYSTEMS, INC., a Delaware corporation
with an address at 490 11000 North Mo-Pac Expressway, Austin, Texas 78759 (the “Borrower”).

 

RECITALS

 

WHEREAS, pursuant to
that certain Credit Agreement of even date herewith by and between the Borrower and Fortress (as the same may be amended, restated,
supplemented or otherwise modified from time to time, the “Credit Agreement”; capitalized terms used
and not otherwise defined in this Agreement shall have the meanings assigned to such terms in the Credit Agreement), Fortress has
agreed to provide debt financing to the Borrower pursuant to two promissory notes, each in the face amount of $5,000,000 (the “Notes”),
and pursuant to that certain Warrant To Purchase Common Stock of the Borrower (the “Warrant”) of even
date herewith issued by the Borrower in favor of CF DB EZ LLC, assignee of Fortress (“CFDBEZ”), and the
Borrower has issued to Fortress or CFDBEZ, respectively, the Notes and the Warrant, subject to all of the terms and conditions
therein set forth; and

 

WHEREAS, neither the Notes nor
the Warrant are currently publicly traded; and

 

WHEREAS, solely for
federal income tax purposes, Fortress and Borrower desire to enter into this Agreement to establish the respective issue prices
of the Note and the Warrant in accordance with the provisions of the Treasury Regulations Section 1.1273-2(h) and Section 1273(c)(2)
of the Internal Revenue Code of 1986, as amended (the “Code”);

 

NOW THEREFORE, in consideration
of the premises and of the terms and conditions contained herein, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereby agree, solely for federal income tax purposes, as follows:

 

1.The issuance
of the Warrant and the Notes for $10,000,000 constitutes an “investment unit” within the meaning of Section 1273(c)(2)
of the Code.

 

2.Neither the Notes
nor the Warrant is currently publicly traded.

 

3.Fortress and
Borrower have determined that the issue price of the investment unit is $10,000,000 within the meaning of Treasury Regulations
Section 1.1273-2(h) and that such issue price should be allocated $4,950,000 to each Note and $100,000 to the Warrant. This allocation
is based on the relative fair market values of the Note and the Warrant.

 

4.Unless otherwise
required pursuant to applicable law, Fortress and Borrower shall prepare and file their respective federal income tax returns (and
any information returns and other related statements required by the Code or any Treasury regulations, whether proposed, temporary
or final) in a manner which is consistent with the allocation of the respective issue prices of the Warrant and the Note pursuant
to this Agreement, including but not limited to the calculation of the amount, if any, of “original issue discount,”
as defined in Section 1273(a) of the Code, on the Note.

 

    	 

    	 

    

5.No provision
in this Agreement shall be interpreted, alone or in conjunction with any other agreement to which Fortress and Borrower are parties,
(i) to modify the rate or amount of interest payable on the Note, (ii) to reduce the outstanding principal amount of the Note,
(iii) to alter the amount of the exercise price of the Warrant or the exercise price of any rights granted to CFDBEZ in conjunction
with the Warrant, or (iv) to limit or impair in any way the rights of Fortress or CFDBEZ, as applicable, under the Credit Agreement,
the Warrant or the Note.

 

6.This Agreement
and all rights and liabilities of the parties hereto shall be governed as to validity, interpretation, enforcement and effect by
the laws of the State of New York without regard to its rules of conflict of law, except Section 5-1401 of the New York General
Obligations Law. Borrower irrevocably submits to the nonexclusive jurisdiction of any New York State or Federal court sitting in
the County of New York over any suit, action or proceeding arising out of or relating to this Agreement, and Borrower hereby agrees
and consents that, in addition to any methods of service of process provided for under applicable law, all service of process of
any such suit, action or proceeding in any New York State or Federal court sitting in the County of New York may be made by certified
or registered mail, return receipt requested, or overnight mail with a reputable national carrier, directed to the Borrower at
the address indicated above, and service so made shall be complete five (5) days after the same shall have been so mailed (one
day in the case of an overnight mail service).

 

 

[Signature Page
Follows]

 

    	 

    	 

    

IN WITNESS WHEREOF,
the parties hereto have caused this Agreement to be effective as of the date first written above.

 

 

	 	
        BORROWER:

         

	 	
        CROSSROADS SYSTEMS, INC.

         

        By:/s/ Richard K. Coleman, Jr.

         

        Name: Richard K. Coleman, Jr.

         

        Title: Interim President and CEO

	
         

         

         

         
	
	 	
        FORTRESS:

         

	 	
        FORTRESS CREDIT CO LLC

         

        By: /s/ Constantine M.
Dakolias

         

        Name: Constantine M. Dakolias

         

        Title: PresidentTHIRD AMENDMENT

 

THIS THIRD AMENDMENT
(this “Amendment”) dated as of July 30, 2013 is by and among the Borrowers identified on the signature pages
hereto (the “Borrowers”), the Guarantor identified on the signature pages hereto (the “Guarantor”),
the Lenders identified on the signature pages hereto and Bank of America, N.A., as Administrative Agent (in such capacity, the
“Administrative Agent”).

 

WITNESSETH

 

WHEREAS, credit facilities
have been extended to the Borrowers pursuant to the Amended and Restated Credit Agreement (as amended, modified, supplemented,
increased and extended from time to time, the “Credit Agreement”) dated as of July 29, 2005 among the Borrowers,
the Lenders identified therein and the Administrative Agent;

 

WHEREAS, the Guarantor
guaranteed the obligations of the Borrowers under the Credit Agreement pursuant to the Amended and Restated Guaranty dated as of
August 31, 2005 between the Guarantor and the Administrative Agent; and

 

WHEREAS, the Borrowers
have requested certain modifications to the Credit Agreement and all the Lenders have agreed to the requested modifications on
the terms and conditions set forth herein.

 

NOW, THEREFORE, IN
CONSIDERATION of the premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
the parties hereto agree as follows:

 

1.           Defined Terms.
Capitalized terms used herein but not otherwise defined herein shall have the meanings provided to such terms in the Credit Agreement.

 

2.           Amendment.
In the definition of “Maturity Date” in Section 1.1 of the Credit Agreement the reference to “July 31, 2013”
is amended to read “September 30, 2013”.

 

Notwithstanding
the foregoing, the Borrowers may terminate the Credit Agreement at any time prior to the Maturity Date upon notice to the Administrative
Agent, and the Borrowers shall not be liable for any termination or cancellation fee or penalty or any other form of premium or
penalty in connection with such early termination (other than any amounts required under Section 3.5 of the Credit Agreement
in connection with the prepayment of Eurodollar Rate Committed Loans).  In addition, upon such
termination (and concurrent repayment of all amounts owing under the Loan Documents) Borrowers shall not be obligated to pay any
fees for any days ending after the date of such termination.

 

    	 

    	 

    

 

3.           Conditions
Precedent. This Amendment shall be effective as of the date hereof upon execution of this Amendment by the Loan Parties and
all the Lenders.

 

4.           Reaffirmation
of Obligations. Each Loan Party (a) acknowledges and consents to all of the terms and conditions of this Amendment, (b) affirms
all of its obligations under the Loan Documents and (c) agrees that this Amendment and all documents executed in connection herewith
do not operate to reduce or discharge such Loan Party’s obligations under the Loan Documents.

 

5.           Reaffirmation
of Security Interests. Each Loan Party (a) affirms that each of the Liens granted in or pursuant to the Loan Documents are
valid and subsisting and (b) agrees that this Amendment shall in no manner impair or otherwise adversely effect any of the Liens
granted in or pursuant to the Loan Documents.

 

6.           No Other Changes.
Except as modified hereby, all of the terms and provisions of the Loan Documents shall remain in full force and effect.

 

7.           Counterparts;
Delivery. This Amendment may be executed in any number of counterparts, each of which when so executed and delivered shall
be deemed an original and it shall not be necessary in making proof of this Amendment to produce or account for more than one such
counterpart. Delivery of an executed counterpart of this Amendment by facsimile or other electronic imaging means shall be effective
as an original.

 

8.           Governing
Law. This Amendment shall be deemed to be a contract made under, and for all purposes shall be construed in accordance with,
the laws of the State of Maryland.

 

[Signature Pages Follow]

 

    	 

    	 

    

 

IN WITNESS WHEREOF,
each of the parties hereto has caused a counterpart of this Third Amendment to be duly executed and delivered as of the date first
above written.

 

	BORROWERS:	MICROS SYSTEMS, INC., a Maryland corporation

 

	 	By:	 	 
	 	Name:
	 	Title:

 

	 	DV TECHNOLOGY HOLDINGS CORPORATION, a Delaware corporation
	 	DATAVANTAGE CORPORATION, an Ohio corporation
	 	MICROS-FIDELIO WORLDWIDE, INC., a Nevada corporation
	 	JTECH COMMUNICATIONS, INC., a Delaware corporation
	 	FRY, INC., a Michigan corporation
	 	TIG GLOBAL, LLC, a Delaware limited liability company

 

	 	By:	 	 
	 	Name:
	 	Title:

 

	GUARANTOR:	MICROS-FIDELIO (IRELAND) LTD,
	 	a corporation organized under the laws of Ireland

 

	 	By:	 	 
	 	Name:	 
	 	Title:	 

 

[Signature Pages Follow]

 

    	 

    	 

    

 

	ADMINISTRATIVE AGENT:	 	BANK OF AMERICA, N.A., as Administrative Agent

 

	 	By:	 	 
	 	Name:	 
	 	Title:	 

  

	LENDERS:	BANK OF AMERICA, N.A., as a Lender

 

	 	By:	 	 
	 	Name:	 
	 	Title:	 
	 	 	 	 
	 	WELLS FARGO BANK, N.A.	 
	 	 	 	 
	 	By:	 	 
	 	Name:	 
	 	Title:	 
	 	 	 	 
	 	U.S. BANK NATIONAL ASSOCIATION	 
	 	 	 	 
	 	By:	 	 
	 	Name:	 
	 	Title:

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