Document:

Exhibit

Exhibit 10.2.10
CAVCO INDUSTRIES, INC. 2005 STOCK INCENTIVE PLAN
RESTRICTED STOCK UNIT AGREEMENT
(for Non-Employee Directors)

          This Restricted Stock Unit Agreement (the “Restricted Stock Unit Agreement”, “RSU Agreement” or “Agreement”) is made and entered into as of                                    , 20        (the “Grant Date”) by and between Cavco Industries, Inc., a Delaware corporation (“Cavco” or the “Company”), and                                    (the “Grantee”), a non-employee director of the Company, pursuant to the Cavco Industries, Inc. 2005 Stock Incentive Plan, as amended (the “Plan”).  Except as defined herein (or as provided in Exhibit “A” attached hereto), capitalized terms used but not defined in this Agreement shall have the same meanings ascribed to them in the Plan.

		
	1.
	Grant of Restricted Stock Units. 

          On the Grant Date and subject to the terms of this Agreement and the Plan, including Section 11 of the Plan, the Company grants to the Grantee an Award of ______ Restricted Stock Units (“Restricted Stock Units” or “RSUs”).  Each Restricted Stock Unit represents the right to receive one share of the Company’s common stock, par value $.01 per share (“Common Stock”), subject to the terms and conditions set forth in this Agreement and the Plan.  Notwithstanding the foregoing or any other provision set forth herein, this Agreement will automatically terminate and be void and this grant of Restricted Stock Units shall automatically be rescinded and withdrawn and be of no force or effect if the Grantee fails to sign this Agreement and return it to the Company on or before the 30th day after the Grant Date. 
 
		
	2.
	Relationship to Plan; Administration; Compliance with Law.

          This Award is subject to all of the terms, conditions and provisions of the Plan and administrative interpretations thereunder, if any, which have been adopted by the Administrator from time to time. The Plan and this Award shall in all respects be administered by the Administrator (or its designee) in accordance with the terms of and as provided in the Plan.  The Administrator (or its designee) shall have the sole and complete discretion with respect to all matters reserved to it by the Plan and decisions of the Administrator (or its designee) with respect thereto and to this Agreement shall be final and binding upon the Grantee and the Company.  In the event of any conflict between the terms and conditions of this Agreement and the Plan, the provisions of the Plan shall control.

Consistent with the Plan, the issuance and transfer of Common Stock in connection with the Restricted Stock Units shall be subject to compliance by the Company and the Grantee with all applicable requirements of federal and state securities laws and with all applicable requirements of any stock exchange on which the Company’s shares of Common Stock may be listed.  No shares of Common Stock shall be issued or transferred unless and until any then applicable requirements of state and federal laws and regulatory agencies have been fully complied with to the satisfaction of the Company and its counsel.

		
	3.
	Vesting; Forfeiture. 

Subject to the other conditions in this Agreement and the Plan and the Grantee’s continued service, the Restricted Stock Units shall fully vest and the restrictions on the Restricted Stock Units will lapse on the earlier to occur of: (a) the 12 month anniversary of the Grant Date; and (b) the Company’s next annual meeting of stockholders following the Grant Date, provided, that, the Restricted Stock Units will immediately vest upon the  Grantee’s death, Disability, or Change in Control (each such date a “Vesting Date”). If the Grantee’s service terminates for any other reason before all of his or her Restricted Stock Units have vested, the Grantee’s unvested Restricted Stock Units shall be automatically forfeited upon such termination of service and the Company shall not have any further obligations to the Grantee under this Agreement.

		
	4.
	Payment.

		
	(a)
	General. Subject to Section 4(b), below, within 10 days of the applicable Vesting Date, the Company shall deliver or cause to be delivered to the Grantee shares of Common Stock (including, without limitation, through a book entry credit or electronic delivery of certificates) in respect of the Restricted Stock Units that have vested.  

		
	(b)
	Deferral Election. The Grantee shall be given the opportunity to timely elect, pursuant to the Deferral Election Form attached hereto as Exhibit “B” (the “Election Form”), to receive his or her shares of Common Stock at a date later than the payment date described in Section 4(a) above. The Election Form must be timely completed, executed by the Grantee, dated, and delivered to the to the Secretary of the Company prior to the Grant Date. If the Grantee fails to deliver to the Secretary the signed Election Form prior to the Grant Date, the applicable payment date set forth in Section 4(a) will apply.  Once the Grantee delivers the signed Election Form to the Secretary of the Company, such election shall be irrevocable.

          
		
	5.
	Delivery of Shares.

          The Company shall not be obligated to deliver any shares of Common Stock if counsel to the Company determines that such sale or delivery would violate any applicable law or any rule or regulations of any governmental authority or any rule or regulation of, or agreement of the Company with, any securities exchange or association upon which the Common Stock is listed or quoted. The Company shall in no event be obligated to take any affirmative action in order to cause the delivery of shares of Common Stock to comply with any such law, rule, regulations or agreement.

		
	6.
	Notices.

          Notice or other communication to the Company with respect to this Award must be made in the following manner, using such forms as the Company may from time to time provide: (a) by electronic means as designated by the Administrator; (b) by registered or certified United States mail, postage prepaid, to Cavco Industries, Inc., Attention: Secretary, 3636 N. Central Ave., Suite 1200, Phoenix, Arizona 85012; or (c) by hand delivery or otherwise to Cavco Industries, Inc., Attention: Secretary, 3636 N. Central Ave., Suite 1200, Phoenix, Arizona 85012.  Notwithstanding the foregoing, in the event that the address of the Company is changed, any such notice shall instead be made pursuant to the foregoing provisions at the Company’s current address.

          Any notices provided for in this Restricted Stock Unit Agreement or in the Plan shall be given in writing or by such electronic means, as permitted by the Administrator, and shall be deemed effectively delivered or given upon receipt or, in the case of notices delivered by the Company to the Grantee, five days after deposit in the United States mail, postage prepaid, addressed to the Grantee at the address specified at the end of this Agreement or at such other address as the Grantee hereafter designates by written notice to the Company.

		
	7.
	Assignment of Award.

          Except as otherwise permitted by the Administrator, the Grantee’s rights under the Plan and this Restricted Stock Unit Agreement are personal; no assignment or transfer of the Grantee’s rights under and interest in this Award may be made by the Grantee other than by will, by beneficiary designation, by the laws of descent and distribution or by a qualified domestic relations order; and this Award is payable only to the Grantee during his lifetime, except as otherwise provided in this Agreement.  After the death of the Grantee, payment of the Award shall be permitted only to the Grantee’s designated beneficiary or, in the absence of a designated beneficiary and as required by applicable law, the Grantee’s spouse or executor or the personal representative of the Grantee’s estate (or by his assignee, in the event of a permitted assignment) and only to the extent that the Award was payable on the date of the Grantee’s death.

		
	8.
	Stock Certificates.

          Certificates, if any, representing the shares of Common Stock issued pursuant to the Award will bear all legends required by law and necessary or advisable to effectuate the provisions of the Plan and this Award. The Company may place a “stop transfer” order against shares of the Common Stock issued pursuant to this Award until all restrictions and conditions set forth in the Plan or this Agreement and in the legends referred to in this Section 8 have been complied with.

		
	9.
	Stockholder Rights.

          The Grantee shall have no rights of a stockholder with respect to shares of Common Stock subject to the Award unless and until (i) such time as the Award has been paid pursuant to Section 4 above, and (ii) shares of Common Stock have been transferred to the Grantee (including, without limitation, through a book entry credit or electronic delivery of certificates).

		
	10.
	Successors and Assigns.

          This Agreement shall bind and inure to the benefit of and be enforceable by the Grantee, the Company and their respective permitted successors and assigns (including personal representatives, heirs and legatees), except that the Grantee may not assign any rights or obligations under this Agreement except to the extent and in the manner expressly permitted herein.

		
	11.
	Tax Advice. 

The Grantee acknowledges that neither the Company nor any of its representatives has provided to the Grantee any tax-related advice with respect to the matters covered by this Agreement.

		
	12.
	No Service Guaranteed.

          This Agreement shall not be construed to confer upon the Grantee any right to continue service with the Company and shall not limit the right of the Company, in its sole and absolute discretion, to terminate the Grantee’s service at any time for any reason.

		
	13.
	Governing Law.

          The Plan and this Agreement and and all determinations made and actions taken pursuant hereto, to the extent not otherwise governed by mandatory provisions of the Act or other securities laws of the United States, shall be governed by and construed in accordance with the laws of the State of Delaware, without reference to any conflicts of law principles thereof that would require the application of the laws of another jurisdiction. The Company and the Grantee hereby submit to the jurisdiction of the state and federal courts of Arizona with respect to matters relating to the Plan and this Agreement and agree not to raise or assert the defense that such forum is not convenient for such party.

          14. Entire Agreement; Amendment; Severability.

          This Agreement (including all exhibits attached hereto, which are incorporated herein and made a part hereof for all purposes), together with the Plan and all administrative interpretations thereunder (as described in Section 1 above) shall constitute the entire agreement between the parties hereto relating to the subject matter hereof. This Agreement cannot be modified, altered, or amended except by an agreement, in writing, signed by both the Company and the Grantee. If any provision of this Agreement, or the application of any such provision to any person or circumstance, is held to be unenforceable or invalid by any court of competent jurisdiction or under any applicable law, the parties hereto shall negotiate an equitable adjustment to the provisions of this Agreement with the view to 

effecting, to the greatest extent possible, the original purpose and intent of this Agreement, and in any event, the validity and enforceability of the remaining provisions of this Agreement shall not be affected thereby.

15. Transfer of Personal Data.

The Grantee authorizes, agrees and unambiguously consents to the transmission by the Company of any personal data information related to this Award for legitimate business purposes (including, without limitation, the administration of this Award and the Plan). This authorization and consent is voluntarily and freely given by the Grantee.

16. Clawback.

Pursuant to Section 21 of the Plan, Awards issued under the Plan are subject to potential forfeiture or recovery to the fullest extent called for by law, any applicable listing standard, or any current or future clawback policy that may be adopted by the Company from time to time, including, without limitation, any clawback policy adopted to comply with the final rules issued by the Securities and Exchange Commission and the final listing standards to be adopted by the NASDAQ pursuant to Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.  By accepting this Award, the Grantee consents to the potential forfeiture or recovery of this Award pursuant to applicable law, listing standard, and/or Company clawback policy, and agrees to be bound by and comply with the clawback policy and to return to the Company the full amount required by the clawback policy.

17. Section 409A. 

This Agreement is intended to comply with Section 409A of the Code or an exemption thereunder and shall be construed and interpreted in a manner that is consistent with the requirements for avoiding additional taxes or penalties under Section 409A of the Code. Notwithstanding the foregoing, the Company makes no representations that the payments and benefits provided under this Agreement comply with Section 409A of the Code and in no event shall the Company be liable for all or any portion of any taxes, penalties, interest or other expenses that may be incurred by the Grantee on account of non-compliance with Section 409A of the Code. If the Company concludes that this Agreement is subject to the requirements of Section 409A, neither the time nor the schedule of the payment of the Restricted Stock Units may be accelerated or subject to a further deferral except as permitted pursuant to Section 409A of the Code and the applicable regulations.  In addition, if the Company concludes that this Agreement is subject to Section 409A, payment of the Restricted Stock Units may be delayed only in accordance with Section 409A of the Code and the applicable regulations. 
	
										
	 
	 
	 
	 
	THE COMPANY:
	 
	 
	 

	 
	 
	 
	 
	CAVCO INDUSTRIES, INC.
	 
	 

	Date:
	 
	 
	 
	By:
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	Name:
	 
	 
	 

	 
	 
	 
	 
	Title:
	 
	President and
Chief Executive Officer
	 

 
         The Grantee hereby accepts the foregoing Restricted Stock Unit Agreement, subject to the terms and provisions of the Plan and administrative interpretations thereof referred to above.
	
						
	 
	 
	 
	 
	 

	Date:
	 
	 
	GRANTEE:
	 
	 

	 
	 
	 
	 
	 

	 
	 
	Grantee’s Address:
	 

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

EXHIBIT “A”

DEFINITIONS

Change in Control:

          For the purpose of this Agreement, a “Change in Control” shall mean the occurrence of any of the following events:

		
	(a)
	The acquisition by any Person of beneficial ownership of securities of the Company (including any such acquisition of beneficial ownership deemed to have occurred pursuant to Rule 13d-5 under the Exchange Act) if, immediately thereafter, such Person is the beneficial owner of (i) 50% or more of the total number of outstanding shares of any single class of Company Common Stock or (ii) 40% or more of the total number of outstanding shares of all classes of Company Common Stock, unless such acquisition is made (a) directly from the Company in a transaction approved by a majority of the members of the Incumbent Board or (b) by any employee benefit plan (or related trust) sponsored or maintained by the Company or any corporation controlled by the Company;

		
	(b)
	Individuals who, as of the date hereof, constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the date hereof whose election, or nomination for election by the Company’s stockholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board (or who is otherwise designated as a member of the Incumbent Board by such a vote) shall be considered as though such individual were a member of the Incumbent Board, except that any such individual shall not be considered a member of the Incumbent Board if his or her initial assumption of office occurs as a result of either an actual or threatened election contest (as such term is used in Rule 14a-11 of Regulation 14A promulgated under the Exchange Act) or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board;

		
	(c)
	The consummation of a Business Combination, unless, immediately following such Business Combination, (i) more than 50% of both the total number of then outstanding shares of common stock of the parent corporation resulting from such Business Combination and the combined voting power of the then outstanding voting securities of such parent corporation entitled to vote generally in the election of directors will be (or is) then beneficially owned, directly or indirectly, by all or substantially all of the Persons who were the beneficial owners, respectively, of the outstanding shares of Company Common Stock immediately prior to such Business Combination in substantially the same proportions as their ownership immediately prior to such Business Combination of the outstanding shares of Company Common Stock, (ii) no Person (other than any employee benefit plan (or related trust) of the Company or any corporation resulting from such Business Combination) beneficially owns, directly or indirectly, 40% or more of the total number of then outstanding shares of common stock of the corporation resulting from such Business Combination or the combined voting power of the then outstanding voting securities of such corporation entitled to vote generally in the election of directors and (iii) at least a majority of the members of the board of directors of the parent corporation resulting from such Business Combination were members of the Incumbent Board immediately prior to the consummation of such Business Combination; or

 
		
	(d)
	Approval by the Board and the stockholders of the Company of (i) a complete liquidation or dissolution of the Company or (ii) a Major Asset Disposition (or, if there is no such approval by stockholders, consummation of such Major Asset Disposition) unless, immediately following such Major Asset Disposition, (A) Persons that were beneficial owners of the outstanding shares of Company Common Stock immediately prior to such Major Asset Disposition beneficially own, directly or indirectly, more than 50% of the total number of then outstanding shares of common stock and the combined voting power of the then outstanding shares of voting stock of the Company (if it continues to exist) and of the Acquiring Entity in substantially the same proportions as their ownership immediately prior to such Major Asset Disposition of the outstanding shares of Company 

Common Stock; (B) no Person (other than any employee benefit plan (or related trust) of the Company or such entity) beneficially owns, directly or indirectly, 40% or more of the then outstanding shares of common stock or the combined voting power of the then outstanding voting securities of the Company (if it continues to exist) and of the Acquiring Entity entitled to vote generally in the election of directors and (C) at least a majority of the members of the Board of the Company (if it continues to exist) and of the Acquiring Entity were members of the Incumbent Board at the time of the execution of the initial agreement or action of the Board providing for such Major Asset Disposition.

For purposes of the foregoing:

		
	(i)
	the term “Person” means an individual, entity or group;

		
	(ii)
	the term “group” is used as it is defined for purposes of Section 13(d)(3) of the Exchange Act;

		
	(iii)
	the terms “beneficial owner”, “beneficially ownership” and “beneficially own” are used as defined for purposes of Rule 13d-3 under the Exchange Act;

		
	(iv)
	the term “Business Combination” means (x) a merger, consolidation or share exchange involving the Company or its stock or (y) an acquisition by the Company, directly or through one or more subsidiaries, of another entity or its stock or assets;

		
	(v)
	the term “Company Common Stock” shall mean the Common Stock, par value $.01 per share, of the Company;

		
	(vi)
	the term “Exchange Act” means the Securities Exchange Act of 1934, as amended.

		
	(vii)
	the phrase “parent corporation resulting from a Business Combination” means the Company if its stock is not acquired or converted in the Business Combination and otherwise means the entity which as a result of such Business Combination owns the Company or all or substantially all of the Company’s assets either directly or through one or more subsidiaries;

		
	(viii)
	the term “Major Asset Disposition” means the sale or other disposition in one transaction or a series of related transactions of 50% or more of the assets of the Company and its subsidiaries on a consolidated basis; and any specified percentage or portion of the assets of the Company shall be based on fair market value, as determined by a majority of the members of the Incumbent Board;

		
	(ix)
	the term “Acquiring Entity” means the entity that acquires the largest portion of the assets sold or otherwise disposed of in a Major Asset Disposition (or the entity, if any, that owns a majority of the outstanding voting stock of such acquiring entity entitled to vote generally in the election of directors or members of a comparable governing body); and

		
	(x)
	the phrase “substantially the same proportions,” when used with reference to ownership interests in the parent corporation resulting from a Business Combination or in an Acquiring Entity, means substantially in proportion to the number of shares of Company Common Stock beneficially owned by the applicable Persons immediately prior to the Business Combination or Major Asset Disposition, but is not to be construed in such a manner as to require that the same ratio or number of shares of such parent corporation or Acquiring Entity be issued, paid or delivered in exchange for or in respect of the shares of each class of Company Common Stock.

The transfer of equity interests or assets of the Company in connection with a bankruptcy filing by or against the Company under Title 11 of the United States Code will not be considered to be a “Change in Control” for purposes of this Agreement. Notwithstanding the foregoing a Change in Control shall not occur in the case of Awards that are subject to the requirements of Section 409A of the Code unless such Change in Control constitutes a “change in control event” as defined in Section 409A of the Code and the regulations thereunder.

Disability:

For the purpose of this Agreement, “Disability” shall mean the Grantee has been unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months. In conjunction with determining Disability for purposes of this Agreement, the Grantee hereby: (i) consents to any such examinations, to be performed by a qualified medical provider selected by the Company and approved by the Grantee (which approval shall not be unreasonably withheld), which are relevant to a determination of whether the Grantee has incurred a Disability; and (ii) agrees to furnish such medical information as may be reasonably requested.

EXHIBIT “B”

DEFERRAL ELECTION FORM

This Deferral Election Form (the “Election Form”) is made by ______________________ (the “Grantee”) with respect to that certain Restricted Stock Unit Award (“RSU Award”) to be made by Cavco Industries, Inc., a Delaware corporation (“Cavco” or the “Company”), to the Grantee on ______________, 20___ (the “Grant Date”) pursuant to a Restricted Stock Unit Agreement, dated as of the Grant Date (the “RSU Agreement”), to be entered into by and between Cavco and the Grantee.

In accordance with Section 4 of the RSU Agreement, the Grantee hereby irrevocably elects to receive payment with respect to the RSU Award on the first to occur of the following dates (check one box):

_________________, 20_____ (the “Deferred Payout Date”); or 

the date the Grantee ceases to be a member of the Board for any reason pursuant to a Separation from Service (as defined in Treasury Regulation Section 1.409A-1(h)).

(Note: If the first box above is checked, the Deferred Payout Date must be a date that is after the 12 month anniversary of the Grant Date.)

If you do not return a properly completed and timely Election Form, the Common Stock subject to your vested RSU Award will not be deferred and, instead, will be paid at the time set forth in Section 4(a) of the Agreement. 

I understand that my decision to defer the settlement the RSU Award will make me only a general, unsecured creditor of the Company.  I also understand that the amounts deferred will be taxed as ordinary income in the year ultimately paid.  If the Company determines that it is required to withhold for any taxes, including, but not limited to, income or employment taxes, prior to the deferred payment date, I agree that the Company will withhold from the amounts due to me.

This Election Form shall be governed by and subject to the RSU Agreement. Once executed and delivered to the Secretary of the Company, this Election Form cannot be amended or modified.

To be effective, we must receive a properly completed Election Form no later than the date immediately preceding the Grant Date. By signing this Election Form, you authorize implementation of the above instructions and you acknowledge and agree that, as of your valid submission of this Election Form to the Company, the deferral elections that you have made on this Election Form will be irrevocable.

                            
(Signature of the Grantee)

Printed Name:                             

Date:                         
(Note: Date must be before the Grant Date)

AGREED TO AND ACCEPTED:

CAVCO INDUSTRIES, INC.,
a Delaware corporation

By:                         

Printed Name:                     

Title:                         

Date:EX-10.22

 Exhibit 10.22 

WAIVER AND FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT 

THIS WAIVER AND FIRST AMENDMENT TO
AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”), dated as of November 21, 2018 (“First Amendment Effective
Date”) is entered into by and among VECTOR CAMBIUM HOLDINGS (CAYMAN), L.P., an exempted limited partnership formed and registered under the laws of the Cayman Islands with registration number 51343 and having its registered office at
Intertrust Corporate Services (Cayman) Limited, 190 Elgin Avenue, George Town, Grand Cayman KY1-9005, Cayman Islands, acting by its general partner, Vector Capital Partners IV, L.P. an exempted limited
partnership formed and registered under the laws of the Cayman Islands, acting by its general partners, Vector Capital, L.L.C and Vector Capital, Ltd. (“Holdings”), CAMBIUM NETWORKS, LTD, a company incorporated under the laws
of England and Wales with company number 07752773 and with its registered office at Unit B2, Linhay Business Park, Eastern Road, Ashburton, Newton Abbot, Devon TQ13 7UP, UK. (the “Borrower”), the other Loan Parties party
hereto, the Lenders party hereto, SILICON VALLEY BANK, as the Issuing Lender and SILICON VALLEY BANK (“SVB”), as administrative agent for the Lenders (in such capacity, together with its successors in such capacity, the
“Administrative Agent”). 
 WITNESSETH: 

WHEREAS, reference is made to that certain Amended and Restated Credit Agreement, dated as of
December 21, 2017 (as amended, amended and restated, supplemented, restructured or otherwise modified, renewed or replaced from time to time, the “Credit Agreement”), by and among Holdings, the Borrower,
the other Loan Parties party thereto, the Lenders and the Administrative Agent; and 
 WHEREAS, certain
Events of Default have arisen under Section 8.1(c) of the Credit Agreement as a result of the Borrower’s failure to maintain (i) Minimum Adjusted Quick Ratio of not less than 1.25:1.00 for the months ending
May 31, 2018, July 31, 2018 and August 31, 2018 as required pursuant to Section 7.1(d) of the Credit Agreement, (ii) Minimum Consolidated Fixed Charge Coverage Ratio of not less than 1.25:1.00 for the quarter ending
September 30, 2018 as required pursuant to Section 7.1(a) of the Credit Agreement and (iii) Maximum Consolidated Leverage Ratio of not greater than 4.00:1.00 for the quarter ending September 30, 2018 as required pursuant to
Section 7.1(b) of the Credit Agreement (together with any other Event of Default that have arisen as a result of the failure to give proper notice of the foregoing, the “Existing Events of Default”); and 

WHEREAS, Holdings and the Borrower have requested that the Lenders and the Administrative Agent waive the
Existing Event of Default and modify and amend certain terms and conditions of the Credit Agreement on the terms and conditions set forth herein; 

 NOW, THEREFORE, for good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the Administrative Agent, the Lenders, and the Loan Parties agree as follows: 

1. Capitalized Terms. All capitalized terms used herein, and not otherwise defined herein, shall have the meanings assigned to such terms in the Credit
Agreement 
 2. Waiver. Upon satisfaction of the conditions precedent set forth in Section 4 below, the Administrative Agent
and the Lenders hereby waive the Existing Events of Default, which waiver relates only to the Existing Events of Default described above, and shall not be deemed to constitute a continuing waiver of any provision of the Credit Agreement with respect
to any other Events of Default. Except as expressly provided herein, the Credit Agreement and the other Loan Documents shall remain unmodified and in full force and effect. 

3. Amendments to the Credit Agreement. The Credit Agreement is hereby amended as follows: 

 

	 	a.	 The Credit Agreement is hereby amended by adding the following definitions in
Section 1.1 thereof in appropriate alphabetical order: 

 “First
Amendment”: that certain Waiver and First Amendment to Amended and Restated Credit Agreement dated as of November 21, 2018 by and among the Loan Parties, Administrative Agent and the Lenders. 

“First Amendment Closing Date Outstanding Revolving Loan”: as defined in Section 2.1. 

“First Amendment Closing Date Outstanding Term Loan”: as defined in Section 2.1. 

“First Amendment Effective Date”: as defined in the First Amendment. 

“Sponsor Guaranty”: the Limited Guaranty of the Vector Capital IV, L.P. in the form delivered on the First Amendment
Effective Date, as it may be amended, supplemented or otherwise modified from time to time. 
 “Sponsor Guaranty Reduction
Date”: as defined in the Sponsor Guaranty. 
 “Sponsor Guaranty Release Date”: as defined in the Sponsor
Guaranty. 
 “Term Loan A”: as defined in Section 2.1. 

“Term Loan B”: as defined in Section 2.1. 

 

	 	b.	 The Credit Agreement is hereby amended by amending and restating the following definitions in
Section 1.1 thereof to read as follows: 

 “Consolidated EBITDA”: for any
period, Consolidated Net Income, plus (i) the sum, without duplication, of the amounts for such period, but solely to the extent decreasing Consolidated Net Income for such period, of: 

  
 -2- 

 (a) Consolidated Interest Expense (and to the extent not reflected in Consolidated Interest
Expense, bank and letter of credit fees and premiums in connection with financing activities), plus  
 (b) provisions for taxes based
on income, profits, or capital, including federal, foreign, state, local, franchise, excise, and similar taxes paid or accrued, plus  

(c) total depreciation expense, plus 

(d) total amortization expense, including deferred financing fees, plus  

(e) non-cash stock-based compensation charges, including deferred
non-cash compensation expense, plus 
 (f) transaction fees, costs and expenses related to the
Transactions that are included in the Funds Flow Agreement, plus transaction fees, costs and expenses related to the Transactions disclosed and paid within two months of the Closing Date in an amount not to exceed $150,000, plus  

(g) transaction fees, costs and expenses related to any actual or proposed acquisition, divestiture, investment, or incurrence, issuance,
amendment or other modification of debt and/or equity (whether or not successful) (i) not to exceed $2,000,000 ($500,000 to the extent unsuccessful (provided that with respect to an unsuccessful Qualified Initial Public Offering such amounts
shall not exceed $2,000,000)) in the aggregate in any fiscal year, and including without limitation in each case legal fees and deal fees, to the extent such expenses, fees, costs and charges are actually paid in cash, which, for the avoidance of
doubt, commencing with all calculations for any period ending on December 31, 2018 and thereafter, shall not include any ongoing compensation expenses for additional full-time employees hired in connection with the Qualified Initial Public
Offering (ii) in any amount to the extent such expenses, fees, costs and expenses are paid with proceeds of new equity investments in exchange for Capital Stock of Holdings (excluding Disqualified Stock) contemporaneously made by a Permitted
Investor, (iii) payable to the Administrative Agent or any Lender or in connection with the First Amendment and (iv) such other costs and charges paid in cash to the extent approved by Administrative Agent in writing as an ‘add-back’ to Consolidated EBITDA, plus 
 (h) (i) restructuring charges, including
severance payments and settlement payments, (ii) cost savings that are factually supportable and expected to result from actions taken or expected to be taken (y) within the twelve month period immediately following any acquisition,
business combination or divestiture or (z) within the twelve-month period from any date of determination in connection with internal restructuring initiatives, in each case with respect to subsections (i) and (ii) hereof not to exceed (A)
$1,500,000 in the aggregate for the fiscal year ending December 31, 2018 and (B) $1,000,000 in the aggregate for any fiscal year thereafter, and (iii) such other restructuring costs and charges paid in cash or cost savings to the extent
approved by Administrative Agent in its sole discretion in writing as an ‘add-back’ to Consolidated EBITDA, plus 

  
 -3- 

 (i) (x) the Management Fees and (y) reasonable fees and expenses permitted by
Section 7.11 hereof to be paid to the Sponsor pursuant to the Management Services Agreement, in each case paid or accrued pursuant to the Management Services Agreement and otherwise permitted hereunder and (z) the 2017
Management Fee, paid or accrued to the extent permitted hereunder, plus 
 (j) to the extent reimbursed by insurance (with evidence of
such reimbursement reasonably acceptable to Administrative Agent), (A) any cash losses or charges or (B) third party contractual indemnities covering such expenses, plus 

(k) to the extent the Borrower or Holdings reasonably expects to be reimbursed by insurance within twelve months after payment (with evidence
of such reimbursement reasonably acceptable to Administrative Agent), litigation (including settlement) costs, expenses and cash payment of judgments, plus 

(l) other non-cash items reducing Consolidated Net Income (excluding any such non cash item to the
extent that it represents an accrual or reserve for potential cash items in any future period or amortization of a prepaid cash item that was paid in a prior period) approved by the Administrative Agent in writing as an ‘add back’ to
Consolidated EBITDA, plus 
 (m) (A) purchase accounting adjustments, including, without limitation, a dollar for dollar
adjustment for that portion of revenue that would have been recorded in the relevant period had the balance of deferred revenue (unearned income) recorded on the closing balance sheet and before application of purchase accounting not been adjusted
downward to fair value to be recorded on the opening balance sheet in accordance with GAAP purchase accounting rules; and (B) non-cash adjustments in accordance with GAAP purchase accounting rules under
ASC 805, Business Combinations and EITF Issue No. 01-3, in the event that such an adjustment is required by Holdings’ independent auditors, in each case, as determined in accordance with GAAP,
plus 
 (n) exchange, translation, or performance losses relating to any foreign currency hedging transactions, plus 

(o) legal fees, costs and expenses paid in cash in connection with the lawsuit filed by Ubiquiti Networks, Inc. against Borrower not to exceed
(A) $500,000 in the aggregate for the fiscal year ending December 31, 2018; provided that an aggregate amount of up to $500,000 available under clause (B) may be utilized in such fiscal year (i.e. increasing the aggregate basket to an
amount not to exceed $1,000,000) and (B) $1,250,000 in the aggregate for the fiscal year ending December 31, 2019, as shall be reduced by any amounts available in this clause (B) that are utilized in clause (A) (i.e. decreasing the aggregate
basket to an amount not less than $750,000),  
 minus (ii) the sum, without duplication, of the amounts for such period,
but solely to the extent increasing Consolidated Net Income for such period, of: 

  
 -4- 

 (a) other non cash items (excluding any such non cash item to the extent it represents the
reversal of an accrual or reserve for potential cash item in any prior period), plus  
 (b) interest income, plus 

(c) software development costs to the extent capitalized for such period in accordance with GAAP, plus 

(d) exchange, translation or performance gains relating to any foreign currency hedging transactions or currency fluctuations; 

provided, that Consolidated EBITDA for: (i) the fiscal quarter ending March 31, 2018, shall be $5,348,400; (ii) the fiscal quarter
ending June 30, 2018, shall be $5,470,800 and (iii) the fiscal quarter ending September 30, 2018, shall be $2,816,300, in each case subject to normal year-end audit adjustments. 

“Consolidated Fixed Charges”: for any four fiscal quarter period ending on any determination date (the
“determination date”), the sum (without duplication) of (a) Consolidated Interest Expense for such period, plus (b) scheduled payments to be made during the period on account of principal of
Indebtedness of the Borrower, Holdings and their consolidated Subsidiaries (including, without limitation, scheduled principal payments in respect of the Term Loans and Capital Lease Obligations); provided that for the purposes of calculating the
Consolidated Fixed Charge Coverage Ratio (i) for the four consecutive fiscal quarters ending December 31, 2018 Borrower shall be deemed to have made an incremental principal payment of $500,000, (ii) for the four consecutive fiscal
quarters ending March 31, 2019 Borrower shall be deemed to have made an incremental principal payment of $375,000, (iii) for the four consecutive fiscal quarters ending June 30, 2019 Borrower shall be deemed to have made an incremental
principal payment of $250,000 and (iv) for the four consecutive fiscal quarters ending September 30, 2019 Borrower shall be deemed to have made an incremental principal payment of $125,000; provided further than any earn out payments in
connection with Permitted Acquisitions shall not constitute Consolidated Fixed Charges. 
 “Consolidated Total Debt”:
at any date, the aggregate principal amount of all Indebtedness of a type described in clause (a), (b), (c), (d), (e) or (f) (but only to the extent of drawn and unreimbursed obligations) of the definition of “Indebtedness” of the
Borrower, Holdings and their consolidated Subsidiaries at such date, determined on a consolidated balance sheet basis in accordance with GAAP; provided that, solely for purposes of calculating compliance the

  
 -5- 

 
Consolidated Leverage Ratio financial covenant contained in Section 7.1(b), outstanding Term Loan B hereunder guaranteed by the Guarantor (as defined in the Sponsor
Guaranty) pursuant to the Sponsor Guaranty shall not constitute Consolidated Total Debt. 
 “Fee Letter”:
individually and collectively, (i) the letter agreement dated December 12, 2017 between Holdings, Borrower, and Administrative Agent and (ii) the letter agreement dated as of the First Amendment Effective Date between Holdings,
Borrower, and Administrative Agent (“First Amendment Fee Letter). 
 “Loan Documents”: this
Agreement, the Security Documents, the Notes, the Fee Letter, the Security Trust Deed, the Luxembourg Pledge Agreement, the Sponsor Guaranty, the Intercompany Subordination Agreement, any subordinations agreement, the Flow of Funds Agreement, the
Solvency Certificate, the Collateral Information Certificate, each L/C-Related Document, the Bank Services Agreements, any agreements relating to certain documents to be delivered after the Closing Date and
any agreement creating or perfecting rights in Cash Collateral pursuant to the provisions of Section 3.10, and any amendment, waiver, supplement or other modification to any of the foregoing. For the avoidance of doubt, Specified Swap
Agreements do not constitute Loan Documents. 
  

	 	c.	 The Credit Agreement is hereby amended by amending and restating Section 2.1 to read
as follows: 

 “2.1 Term Commitments. One or more Lenders previously made Term Loans to the
Borrower on the Original Closing Date in an aggregate original principal amount equal to $30,000,000, the aggregate outstanding principal balance of which was $21,887,500 as of the Closing Date. The Existing Term Loan (together with all accrued and
unpaid interest, fees, indemnities, costs and other payment obligations that are outstanding immediately prior to the Closing Date) were owing as of the Closing Date, and were payable without set-off,
counterclaim, deduction, offset or defense. Subject to the terms and conditions hereof, each Term Lender severally (and not jointly) made a Term Loan to the Borrower on the Closing Date in an amount equal to the amount of the Term Commitment of such
Lender as of the Closing Date in an amount such that the aggregate Term Loans outstanding immediately after the Closing Date was $90,000,000, the aggregate outstanding principal balance of which is $86,625,000 as of the First Amendment Effective
Date (“First Amendment Closing Date Outstanding Term Loan”). The aggregate outstanding principal balance of Revolving Loans is $9,962,200 as of the First Amendment Effective Date (“First Amendment Closing Date
Outstanding Revolving Loan”). The First Amendment Closing Date Outstanding Term Loan and First Amendment Closing Date Outstanding Revolving Loan (together with all accrued and unpaid interest, fees, indemnities, costs and other payment
obligations that are outstanding immediately prior to the First Amendment Effective Date) are owing as of the First Amendment Effective Date, and are payable without set-off, counterclaim, deduction, offset or
defense. Subject to the terms and conditions hereof, the First 

  
 -6- 

 
Amendment Closing Date Outstanding Term Loan shall be continued as two separate tranches of Term Loans, one tranche in the aggregate principal amount outstanding of $73,859,930 (inclusive of the
conversion of First Amendment Closing Date Outstanding Revolving Loans) as of the First Amendment Effective Date (“Term Loan A”) and a separate tranche in the aggregate principal amount outstanding of $22,727,270 as of the
First Amendment Effective Date (“Term Loan B”). Subject to the terms and conditions hereof, the First Amendment Closing Date Outstanding Revolving Loan shall be converted into, aggregated with and continued as the Term Loan A
as of the First Amendment Effective Date. As of the First Amendment Effective Date, the Term Loan A and Term Loan B shall constitute the Term Loans for all purposes hereunder. The Term Loans may from time to time be Eurodollar Loans or ABR Loans, as
determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.12, and once repaid in accordance with the provisions hereof may not be reborrowed. For the avoidance of doubt, (i) on the
Sponsor Guaranty Reduction Date the principal amount of the Term Loan B shall not exceed $13,636,360 and any principal amount in excess thereof shall be converted into, aggregated with and continued as the Term Loan A and (ii) on the Sponsor
Guaranty Release Date the principal amount of the Term Loan B shall not exceed $0.00 and any principal amount in excess thereof shall be converted into, aggregated with and continued as the Term Loan A.” 

 

	 	d.	 The Credit Agreement is hereby amended by amending and restating Section 2.3 to read
as follows: 

 “2.3 Repayment of Term Loans. The Term Loans shall be repaid in consecutive quarterly
installments on the last day of each fiscal quarter set forth below, each of which installments shall be in an amount equal to such Lender’s Term Percentage multiplied by the installment amount set forth below opposite such installment payment
date: 
  

					
	 Installment Payment Dates
	  	Installment Amount	 
	 December 31, 2018
	  	$	1,125,000.00	 
	 March 31, 2019 through and including December 31, 2019
	  	$	2,375,000.00	 
	 March 31, 2020 and the last day of each calendar quarter thereafter
	  	$	2,500,000.00	 

 Notwithstanding anything to the contrary in this Agreement, each such principal repayment shall be applied,
first, to reduce the then outstanding principal amount of the Term Loan A and, upon payment in full of Term Loan A, the amount of each such principal repayment shall be applied to the Term Loan B. To the extent not previously paid, all Term Loans
shall be due and payable on the Term Loan Maturity Date, together with accrued and unpaid interest on the principal amount to be paid to but excluding the date of payment.” 

  
 -7- 

	 	e.	 The Credit Agreement is hereby amended by amending and restating Section 2.11(b) to
read as follows: 

  

	 	f.	 “(b) Prepayment Fee Regarding Term Loans. The Term Loans shall not be prepaid in connection with a
Change of Control or refinancing of a third-party by the Borrower pursuant to Section 2.11(a) prior to the first anniversary of the First Amendment Effective Date, unless the Borrower pays to the Administrative Agent (for
the ratable benefit of the Term Lenders), contemporaneously with the prepayment of such Term Loans, a Term Loan prepayment fee equal to 1.00% of the aggregate amount of the Term Loans so prepaid; provided that if any such prepayment is made
as part of a refinancing of this Agreement by SVB or one of its Affiliates, no prepayment fee shall be due to SVB under this Section 2.11(b). Notwithstanding the forgoing, no such prepayment fee shall be payable in
connection with a refinancing, repayment or prepayment of the Term Loans in connection with a Qualified Public Offering.” 

  

	 	g.	 The Credit Agreement is hereby amended by amending and restating Section 2.12(e) to
read as follows: 

 “(e) Amounts to be applied in connection with prepayments made pursuant to this
Section 2.12 and in connection with the Cure Right shall be applied first, to the prepayment of the Term Loans in accordance with Section 2.18(b), and; second, to the extent of any residual, if no
such Term Loans remain outstanding, to the prepayment of the Revolving Loans (with no corresponding permanent reduction in the Revolving Commitments); and third, to the extent of any residual, if no such Term Loans or Revolving Loans remain
outstanding, to the deposit of an amount in cash (in an amount not to exceed 105% of the then existing L/C Exposure) in a Cash Collateral account established with the Administrative Agent for the benefit of the L/C Lenders on terms and conditions
reasonably satisfactory to the Issuing Lenders. Each prepayment of the Loans under this Section 2.12 shall be accompanied by accrued interest to the date of such prepayment on the amount prepaid.” 

 

	 	h.	 The Credit Agreement is hereby amended by amending and restating Section 2.18(b) to
read as follows: 

 “(b) Each regularly scheduled payment by the Borrower on account of principal of and interest on
the Term Loans shall be made pro rata according to the respective outstanding principal amounts of the Term Loans then held by the Term Lenders. Amounts repaid on account of the Term Loans may not be reborrowed. The amount of each mandatory
prepayment of the Term Loans pursuant to Section 2.11 and each prepayment of the Term Loans received in connection with the exercise of the Cure Right in Section 7.1 shall be applied in accordance with
Section 2.12(e). The amount of each voluntary principal 

  
 -8- 

 
prepayment of the Term Loans pursuant to Section 2.10 shall be applied pro rata according to the respective outstanding principal amounts of the Term Loans then held by the
Term Lenders. Amounts prepaid on account of the Term Loans may not be reborrowed. Notwithstanding anything herein to the contrary, the amount of each, regularly scheduled principal payment and mandatory and optional principal prepayment of the Term
Loans shall be applied, first, to reduce the then remaining installments of the Term Loan A, upon payment in full of the Term Loan A, the amount of each payment of the Term Loans shall be applied to the Term Loan B.” 

 

	 	i.	 The Credit Agreement is hereby amended by amending and restating Section 7.1(a) to
read as follows: 

 “(a) Consolidated Fixed Charge Coverage Ratio. Permit the Consolidated Fixed Charge
Coverage Ratio as at the last day of any period of four consecutive fiscal quarters of the Borrower ending with any date set forth below to be less than the ratio set forth below opposite such period: 

 

			
	 Trailing Four Quarter Period Ended
	  	Minimum
Consolidated Fixed
Charge Coverage
Ratio
	December 31, 2018	  	1.00:1.00
	March 31, 2019	  	1.00:1.00
	June 30, 2019	  	1.00:1.00
	September 30, 2019	  	1.15:1.00
	December 31, 2019	  	1.15:1.00
	March 31, 2020 and thereafter	  	1.25:1.00”

  

	 	j.	 The Credit Agreement is hereby amended by amending and restating Section 7.1(b) to
read as follows: 

 “(b) Consolidated Leverage Ratio. Permit the Consolidated Leverage Ratio as at the last day
of any period of four consecutive fiscal quarters of the Borrower ending with any date set forth below to exceed the ratio set forth below opposite such period: 
  

			
	 Trailing Four Quarter Period Ended
	  	Maximum
Consolidated
Leverage Ratio
	December 31, 2018	  	4.25:1.00
	March 31, 2019	  	4.00:1.00
	June 30, 2019	  	3.50:1.00
	September 30, 2019	  	3.25:1.00
	December 31, 2019 through March 31, 2020	  	3.00:1.00
	June 30, 2020	  	2.75:1.00
	September 30, 2020 through December 31, 2020	  	2.50:1.00
	March 31, 2021 through June 30, 2021	  	2.25:1.00
	September 30, 2021	  	2.00:1.00
	December 31, 2021 through March 31, 2022	  	1.75:1.00
	June 30, 2022 and thereafter	  	1.50:1.00”

  
 -9- 

	 	k.	 The Credit Agreement is hereby amended by amending and restating Section 7.1(d) to
read as follows: 

 “(d) Minimum Adjusted Quick Ratio. Permit the Adjusted Quick Ratio, (i) as at
the last day of each month (other than a month that is a quarter end) to be less than 1.00:1.00 and (ii) as at the last day of each month that is a quarter end to be less than 1.15:1.00.” 

 

	 	l.	 The Credit Agreement is hereby amended by amending and restating Section 8.1(k) to
read as follows: 

 “(k) either (i) the guarantee contained in Section 2 of the Sponsor Guaranty shall
cease, for any reason other than in accordance with Section 21 thereof, to be in full force and effect or Guarantor (as defined in the Sponsor Guaranty) shall so assert or (ii) Guarantor (as defined in the Sponsor Guaranty) shall fail to
comply with Section 4(b) of the Sponsor Guaranty; or” 
  

	 	m.	 The Credit Agreement is hereby amended by amending Section 10.1(a)(C) to read as
follows: 

 “(C) amend, waive or otherwise modify the definition of Required Lenders, consent to the assignment or
transfer by the Borrower of any of its rights and obligations under this Agreement and the other Loan Documents, release or subordinate all or substantially all of the Collateral or release all or substantially all of the Guarantors from their
obligations under the Guarantee and Collateral Agreement or the Guarantor (as defined in the Sponsor Guaranty) from its obligations under the Sponsor Guaranty, in each case without the written consent of all Lenders;” 

 

	 	n.	 Schedule 1.1A to the Credit Agreement is hereby amended and restated in its entirety as set forth on
Schedule A hereto. 

  

	4.	 Conditions Precedent to Effectiveness. This Amendment shall not be effective until each of the following
conditions precedent have been fulfilled or waived prior to or concurrently herewith, each to the satisfaction of the Administrative Agent (such date being the “First Amendment Effective Date”): 

  
 -10- 

	 	a.	 The Loan Parties and each Lender shall have executed and delivered this Amendment and each of the documents,
instruments and agreements set forth on Schedule 1 attached hereto, in each case in form and substance reasonably satisfactory to the Administrative Agent and each Lender. 

 

	 	b.	 No Revolving Extension of Credit shall be outstanding on the Closing Date after giving effect to the deemed
conversion contemplated herein. 

  

	 	c.	 All necessary board of directors and/or shareholder or other corporate consents and approvals to this Amendment
(if any) shall have been obtained. 

  

	 	d.	 The Administrative Agent shall have received (i) a certificate of each Loan Party, dated the First
Amendment Effective Date and executed by a Responsible Officer of such Loan Party, substantially in the form of Exhibit C to the Credit Agreement, with appropriate insertions and attachments, including, among others, the certificate of
incorporation, registration or other similar constitutional or organizational document of such Loan Party issued and/or certified by the relevant authority of the jurisdiction, incorporation, organization, formation or registration of such Loan
Party (any such documents, the “Formation Documents”), the bylaws, memorandum and articles of association, or other similar constitutional or organizational document of each Loan Party (any such documents, the
“Governing Documents”) and the relevant board and/or shareholder resolutions or written consents of such Loan Party (any such documents, the “Resolutions”), or if applicable a certification of no
changes to the Formation Documents, Governing Documents and/or Resolutions, as applicable, and (ii) a long form good standing certificate, or comparable certificate for any jurisdiction outside of the United States, as applicable, for each Loan
Party from its jurisdiction of incorporation, organization, formation or registration; provided that this Section 4(c)(ii) shall not apply with respect to any Loan Party organized under the laws of England and Wales.

  

	 	e.	 The Administrative Agent shall have received (i) a certificate of Guarantor (as defined in the Sponsor
Guaranty), dated the First Amendment Effective Date and executed by a Responsible Officer of Guarantor (as defined in the Sponsor Guaranty), in form and substance satisfactory to the Administrative Agent, with appropriate insertions and attachments,
including, among others, the Formation Documents of Guarantor (as defined in the Sponsor Guaranty), the Governing Documents of Guarantor (as defined in the Sponsor Guaranty) and the Resolutions of Guarantor (as defined in the Sponsor Guaranty), and
(ii) a long form good standing certificate, or comparable certificate for any jurisdiction outside of the United States, as applicable, for Guarantor (as defined in the Sponsor Guaranty) from its jurisdiction of incorporation, organization or
formation. 

  

	 	f.	 No Default or Event of Default shall have occurred and be continuing, both before and immediately after giving
effect to the execution of this Amendment. 

  
 -11- 

	 	g.	 The Lenders and the Administrative Agent shall have received payment from the Borrower of all the fees, costs
and expenses required to be paid pursuant to Section 8 of this Amendment (including the fees and expenses of legal counsel required to be paid thereunder to the extent an invoice therefor has been received by the Loan
Parties). 

  

	 	h.	 The representations and warranties set forth in Section 5 below shall be true and correct in all respects.

  

	5.	 Representations and Warranties. Each of the Loan Parties hereby represents and warrants to the
Administrative Agent and the Lenders as follows: 

  

	 	a.	 Such Loan Party has the power and authority to enter into this Amendment and to perform its obligations under
this Amendment. 

  

	 	b.	 This Amendment has been duly executed and delivered by such Loan Party and is a legally valid and binding
obligation of it, enforceable against it in accordance with its terms, except as enforcement may be limited by equitable principles (whether enforcement is sought by proceedings in equity or law) or by bankruptcy, insolvency, reorganization,
moratorium or similar laws relating to or limiting creditors’ rights generally. 

  

	 	c.	 Each of the representations and warranties made by such Loan Party in or pursuant to this Amendment and the
other Loan Documents to which it is a party, (i) that is qualified by materiality is true and correct, and (ii) that is not qualified by materiality, is true and correct in all material respects, in each case, on and as of the date hereof
as if made on and as of such date, except to the extent any such representation and warranty expressly relates to an earlier date, in which case such representation and warranty was true and correct in all material respects (or all respects, as
applicable) as of such earlier date. 

  

	6.	 Payment of Costs and Fees. The Borrower shall pay to the Administrative Agent all amounts due pursuant
to the First Amendment Fee Letter. In addition, the Borrower shall pay all reasonable costs, out-of-pocket expenses, and fees and charges of every kind in connection
with the preparation, negotiation, execution and delivery of this Amendment and any documents and instruments relating hereto or thereto (which costs include, without limitation, the reasonable and documented fees and disbursements of any attorneys
retained by the Administrative Agent), in each case, in accordance with Section 10.5 of the Credit Agreement. 

  

	7.	 Choice of Law. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED
BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO THE CONFLICT OF LAW RULES THEREOF (OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS
LAW). 

  
 -12- 

	8.	 Counterpart Execution. This Amendment may be executed by one or more of the parties to this Amendment on
any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed signature page of this Amendment by facsimile or electronic mail transmission shall
be effective as delivery of a manually executed counterpart hereof. 

  

	9.	 Release by Group Members. Effective on the First Amendment Effective Date, each Group Member, for itself
and on behalf of its successors, assigns, and officers, directors, employees, agents and attorneys, and any Person acting for or on behalf of, or claiming through it, hereby waives, releases, remises and forever discharges the Administrative Agent
and each of the Lenders and each of their respective successors in title, past and present and future officers, directors, employees, limited partners, general partners, investors, attorneys, assigns, subsidiaries, shareholders, trustees, agents and
other professionals and all other persons and entities to whom the Administrative Agent or any Lender would be liable if such persons or entities were found to be liable to such Group Member (each a “Releasee” and collectively, the
“Releasees”), from any and all known claims, suits, liens, lawsuits, amounts paid in settlement, debts, deficiencies, diminution in value, disbursements, demands, obligations, liabilities, causes of action, damages, losses, costs
and expenses of any kind or character, whether based in equity, law, contract, tort, implied or express warranty, strict liability, criminal or civil statute or common law (each a “Claim” and collectively, the
“Claims”), fixed or contingent, direct, indirect, or derivative, asserted or unasserted, matured or unmatured, past or present, liquidated or unliquidated, which such Group Member ever had or now has against any such Releasee which
arose from the beginning of the world to and including the date hereof (but excluding, for the avoidance of doubt, any Claim which arises after the date hereof) which relates, directly or indirectly to the Credit Agreement, any other Loan Document,
or to any acts or omissions of any such Releasee with respect to the Credit Agreement or any other Loan Document, or to the lender-borrower relationship evidenced by the Loan Documents, except for the duties and obligations set forth in this
Amendment (in each case, other than with respect to acts or omissions of any Releasee that a court of competent jurisdiction finally determines to have resulted from the gross negligence, willful misconduct or bad faith of such Releasee). As to each
and every Claim released hereunder, each Group Member also waives the benefit of each other similar provision of applicable federal or State law (including without limitation the laws of the state of New York), if any, pertaining to general releases
after having been advised by its legal counsel with respect thereto. 

  

	10.	 Effect on Loan Documents. 

 

	 	a.	 The Credit Agreement, as amended hereby, and each of the other Loan Documents shall be and remain in full force
and effect in accordance with their respective terms and hereby are ratified and confirmed in all respects. The execution, delivery, and performance of this Amendment shall not operate, except as expressly set forth herein, as a modification or
waiver of any right, power, or remedy of the Administrative Agent or any Lender under the Credit Agreement or any other Loan Document. The consents, modifications, waivers and other

  
 -13- 

	 	
agreements set forth herein are limited to the specifics hereof (including facts or occurrences on which the same are based), shall not apply with respect to any facts or occurrences other than
those on which the same are based, shall not excuse any non-compliance with the Loan Documents, and shall not operate as a consent or waiver to any matter under the Loan Documents. Except for the amendments to
the Credit Agreement expressly set forth herein, the Credit Agreement and other Loan Documents shall remain unchanged and in full force and effect. To the extent any terms or provisions of this Amendment conflict with those of the Credit Agreement
or other Loan Documents, the terms and provisions of this Amendment shall control. 

  

	 	b.	 Upon and after the First Amendment Effective Date, each reference in the Credit Agreement to “this
Agreement”, “hereunder”, “herein”, “hereof” or words of like import referring to the Credit Agreement, and each reference in the other Loan Documents to “the Credit Agreement”, “thereunder”,
“therein”, “thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement and the Loan Documents as modified and amended hereby. 

 

	 	c.	 To the extent that any terms and conditions in any of the Loan Documents shall contradict or be in conflict
with any terms or conditions of the Credit Agreement, after giving effect to this Amendment, such terms and conditions are hereby deemed modified or amended accordingly to reflect the terms and conditions of the Credit Agreement as modified or
amended hereby. 

  

	 	d.	 This Amendment is a Loan Document. 

 

	 	e.	 Unless the context of this Amendment clearly requires otherwise, references to the plural include the singular,
references to the singular include the plural, the terms “includes” and “including” are not limiting, and the term “or” has, except where otherwise indicated, the inclusive meaning represented by the phrase
“and/or”. 

  

	11.	 Entire Agreement. This Amendment, and terms and provisions hereof, the Credit Agreement and the other
Loan Documents constitute the entire understanding and agreement between the parties hereto with respect to the subject matter hereof and supersedes any and all prior or contemporaneous amendments or understandings with respect to the subject matter
hereof, whether express or implied, oral or written and is the final expression and agreement of the parties hereto with respect to the subject matter hereof. 

 

	12.	 Reaffirmation of Obligations. Each Loan Party hereby restates, ratifies and reaffirms its obligations
under each Loan Document to which it is a party, effective as of the date hereof and amended hereby. Each Loan Party hereby further ratifies and reaffirms the validity and enforceability of all of the Liens heretofore granted, pursuant to and in
connection with the Guarantee and Collateral Agreement or any other Loan Document to the Administrative Agent on behalf and for the benefit of the Lenders and the Issuing Lender, as collateral security for the obligations under the Loan Documents in
accordance with their respective terms, and acknowledges that all of such Liens, and all collateral heretofore pledged as security for such obligations, continues to be and remain collateral for such obligations from and after the date hereof.

  
 -14- 

	13.	 Severability. In case any provision in this Amendment shall be invalid, illegal or unenforceable, such
provision shall be severable from the remainder of this Amendment and the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

[Remainder of Page Intentionally Left Blank] 

  
 -15- 

 IN WITNESS WHEREOF, the parties have executed this Amendment by their respective duly
authorized officers. 
  

							
	HOLDINGS:
	
	 VECTOR CAMBIUM HOLDINGS (CAYMAN), L.P., 

as Holdings

		
	By:	 	 Vector Capital Partners IV, L.P.,

its General Partner

			
		 	By:	 	 Vector Capital, L.L.C.
 a General
Partner

			
		 	By:	 	 /s/ David Baylor

		 		 	David Baylor
		 		 	Chief Operating Officer
			
		 	By:	 	 Vector Capital, Ltd.,
 a General
Partner

				
		 		 	By:	 	 /s/ David Baylor

		 		 		 	David Baylor
		 		 		 	Director

 [Signature page to First Amendment to Amended and Restated Credit Agreement] 

 
	
	BORROWER:
	
	EXECUTED and DELIVERED as a DEED by CAMBIUM NETWORKS, LTD acting by a director in the presence of:
	
	 /s/ Stephen Cumming

	Signature of director
	
	Signature of witness: /s/ Scott Imhoff                
	
	Print name: Scott Imhoff
	
	Address: 653 Bent Ridge Lane
	
	Barrington, IL 60010
	
	USA
	
	Occupation: Mgmt

 [Signature page to First Amendment to Amended and Restated Credit Agreement] 

			
	Acknowledged and Agreed to:
	
	PARENT GUARANTORS:
	
	CAMBIUM NETWORKS CORPORATION
	 (f/k/a Vector Cambium Holdings (Cayman), Ltd.)

as a Parent Guarantor

		
	By:	 	 /s/ Atul Bhatnagar

	Name:	 	Atul Bhatnagar
	Title:	 	Director

 [Signature page to First Amendment to Amended and Restated Credit Agreement] 

			
	 CAMBIUM (US), L.L.C.,
 as a
Parent Guarantor

		
	By:	 	 /s/ Stephen Cumming

	Name:	 	Stephen Cumming
	Title:	 	Chief Financial Officer

 [Signature page to First Amendment to Amended and Restated Credit Agreement] 

			
	SUBSIDIARY GUARANTORS:
	
	CAMBIUM NETWORKS, INC.,
	as a Subsidiary Guarantor
		
	By:	 	 /s/ Stephen Cumming

	Name:	 	Stephen Cumming
	Title:	 	Chief Financial Officer

 [Signature page to First Amendment to Amended and Restated Credit Agreement] 

 
			
	ADMINISTRATIVE AGENT:
	
	SILICON VALLEY BANK
	as the Administrative Agent
		
	By:	 	 /s/ Michael Willard

	Name:	 	Michael Willard
	Title:	 	Managing Director

 [Signature page to First Amendment to Amended and Restated Credit Agreement] 

 
			
	LENDERS:
	
	SILICON VALLEY BANK
	as Issuing Lender and as a Lender
		
	By:	 	 /s/ Michael Willard

	Name:	 	Michael Willard
	Title:	 	Managing Director

 [Signature page to First Amendment to Credit Agreement] 

 
			
	 HSBC BANK USA, NATIONAL ASSOCIATION

as a Lender

		
	By:	 	 /s/ William Turner

	Name:	 	William Turner
	Title:	 	Global Relationship Manager

 [Signature page to First Amendment to Credit Agreement] 

 
			
	 CADENCE BANK, N.A.
 as a
Lender

		
	By:	 	 /s/ Priya Iyer

	Name:	 	Priya Iyer
	Title:	 	Senior VP

 [Signature page to First Amendment to Credit Agreement] 

 
			
	 MUFG UNION BANK, N.A.
 as a
Lender

		
	By:	 	 /s/ Michael Stahl

	Name:	 	Michael Stahl
	Title:	 	Director

 [Signature page to First Amendment to Credit Agreement] 

 SCHEDULE A 

SCHEDULE 1.1A 

COMMITMENTS 
 AND
AGGREGATE EXPOSURE PERCENTAGES 
 TERM COMMITMENTS 
  

																									
	 Lender
	  	Existing Term
Loans	 	  	Term
Commitment
as of the
Closing Date	 	  	Aggregate Term
Loans as of the
Closing Date	 	  	Aggregate Term
Loan A
immediately
after the First
Amendment
Effective Date	 	  	Aggregate Term
Loan B
immediately
after the First
Amendment
Effective Date	 	  	Term
Percentage	 
	 Silicon Valley Bank
	  	$	13,679,687.50	 	  	$	17,820,312.50	 	  	$	31,500,000.00	 	  	 	25,850,975.50	 	  	 	7,954,544.50	 	  	 	35.00000000	% 
	 HSBC Bank USA, National Association
	  	$	 8,207,812.50	 	  	$	18,792,187.50	 	  	$	27,000,000.00	 	  	 	22,157,979.00	 	  	 	6,818,181.00	 	  	 	30.00000000	% 
	 Cadence Bank, N.A.
	  				  	$	18,000,000.00	 	  	$	18,000,000.00	 	  	 	14,771,986.00	 	  	 	4,545,454.00	 	  	 	20.00000000	% 
	 MUFG Union Bank, N.A.
	  				  	$	13,500,000.00	 	  	$	13,500,000.00	 	  	 	11,078,989.50	 	  	 	3,409,090.50	 	  	 	15.00000000	% 
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Total
	  	 	21,887,500.00	 	  	$	68,112,500.00	 	  	$	90,000,000.00	 	  	 	73,859,930.00	 	  	 	22,727,270.00	 	  	 	100	% 
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 

 REVOLVING COMMITMENTS 
  

									
	 Lender
	  	Revolving Commitment	 	  	Revolving Percentage	 
	 Silicon Valley Bank
	  	$	3,500,000.00	 	  	 	35.00000000	% 
	 HSBC Bank USA, National Association
	  	$	3,000,000.00	 	  	 	30.00000000	% 
	 Cadence Bank, N.A.
	  	$	2,000,000.00	 	  	 	20.00000000	% 
	 MUFG Union Bank, N.A.
	  	$	1,500,000.00	 	  	 	15.00000000	% 
		  	  
	  
	 	  	  
	  
	 
	 Total
	  	$	10,000,000.00	 	  	 	100	% 
		  	  
	  
	 	  	  
	  
	 

 L/C COMMITMENT 
  

									
	 Lender
	  	L/C Commitment	 	  	L/C Percentage	 
	 Silicon Valley Bank
	  	$	1,750,000.00	 	  	 	35.00000000	% 
	 HSBC Bank USA, National Association
	  	$	1,500,000.00	 	  	 	30.00000000	% 
	 Cadence Bank, N.A.
	  	$	1,000,000.00	 	  	 	20.00000000	% 
	 MUFG Union Bank, N.A.
	  	$	750,000.00	 	  	 	15.00000000	% 
		  	  
	  
	 	  	  
	  
	 
	 Total
	  	$	5,000,000.00	 	  	 	100	% 
		  	  
	  
	 	  	  
	  
	 

 Schedule 1 

Conditions Precedent 
  

	1.	 Sponsor Guaranty 

  

	2.	 Existing Security Confirmation Deed 

 

	3.	 Deed of Reaffirmation and Consent in Cambium Networks Corporation 

 

	4.	 Legal opinion of Kirkland & Ellis, LLP, United States counsel to Borrower, Holdings, the Parent
Guarantors, the Subsidiary Guarantors and Guarantor (as defined in the Sponsor Guaranty) 

  

	5.	 Legal opinion of Maples and Calder, Cayman Islands counsel to the Administrative Agent 

 

	6.	 Legal Opinion of Fieldfisher LLP, special UK counsel to the Administrative Agent

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00296-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00296-of-00352.parquet"}]]