Document:

Exhibit 10.11

AMENDMENT NUMBER NINE
AND FORBEARANCE AGREEMENT

This
Amendment Number Nine and Forbearance Agreement (“Agreement”) is entered into as of July 31, 2015, by and among WELLS FARGO CAPITAL FINANCE, LLC., a Delaware limited liability company as agent
for the Lenders set forth in the signature pages of this Amendment and the
Lenders (in such capacity, “Agent”) on the one hand,
and DAEGIS INC., a Delaware corporation (“Borrower”), and each of the guarantors identified in the signature pages to this
Agreement (together with Parent, each a Guarantor and collectively, the
“Guarantors”), on the other hand, in light of the following:

A.
Borrower, Agent and the financial institutions party thereto (the
“Lenders”) have previously entered into that certain
Credit Agreement, dated as of June 30, 2011 (as amended, restated, supplemented
or otherwise modified from time to time, the “Credit Agreement”), pursuant to which the Lenders have made
certain loans and financial accommodations available to Borrower. Capitalized
terms used herein without definition shall have the meanings ascribed thereto in
the Credit Agreement. 

B.
Each of the Guarantors has executed a separate guaranty (each, a
“Guaranty” and collectively, the “Guarantees”) pursuant to which the applicable Guarantor has guaranteed the
obligations of Borrower under the Credit Agreement. 

C.
The Borrower acknowledges that Events of Default under Section 8.2(a)(iii) of
the Credit Agreement occurred as of July 31, 2015, which is the end of
Borrower’s current fiscal quarter, as a result of Borrower’s violation of
Sections 7(a) and (c) of the Credit Agreement due to its failure to comply with the Minimum
TTM EBITDA and Fixed Charge Coverage Ratio (the “Existing Defaults”).

D.
Borrower has requested that effective as of July 31, 2015, Agent and each Lender
forbear from exercising certain of their rights and remedies as a result of the
Existing Defaults.

E.
Agent and each Lender are willing to agree to the Forbearance (as such term is
defined herein) on the terms and conditions herein. 

F.
In addition, Borrower, Agent and Lenders desire to amend the Credit Agreement as
provided for and on the conditions set forth in Section 4.2 herein. 

NOW, THEREFORE, Borrowers,
Guarantors, Agent and Lenders hereby agree covenant and warrant as follows:

SECTION 1. DEFINITIONS 

1.1 Interpretation. All capitalized terms used herein (including in
the Preamble and the Recitals hereto) shall have the respective meanings
assigned thereto in the Credit Agreement unless otherwise defined herein.

1.2 Definitions. 

(a) “Agent” shall have the meaning ascribed to such term in
the Preamble of this Agreement. 

(b) “Agreement” shall have the meaning ascribed to such term in
the Preamble of this Agreement. 

(c) “Borrower” shall have the meaning ascribed to such term in
the Preamble of this Agreement. 

(d) “Claim(s)” shall have the meaning(s) ascribed to such
term(s) in Section
4.3(a) of this Agreement.

(e) “Credit
Agreement” shall have the meaning
ascribed to such term in the Recitals of this Agreement. 

(f) “Existing
Defaults” shall have the meaning
ascribed to such term in the Recitals of this Agreement. 

61

(g) “Expiration
Date” shall mean November 30,
2015. 

(h) “Forbearance” shall mean
Agent and each Lender’s agreement to forbear from exercising their rights and
remedies under the Loan Documents or applicable law with respect to the
Collateral or against Borrower or any Guarantor during the Forbearance Period,
subject to the terms, conditions, amendments and modifications set forth in this
Agreement with respect to the Existing Defaults. 

(i) “Forbearance Effective
Date” shall mean the date upon
which all Lenders shall have executed this Agreement. 

(j) “Forbearance
Period” shall mean the period
commencing on the Forbearance Effective Date and ending on the Forbearance
Termination Date. 

(k) “Forbearance Termination
Date” shall mean the earliest of:

(i) the occurrence or existence of any Event of Default under any of the Loan
Documents other than the Existing Defaults; 

(ii) the occurrence or existence of a breach by any Borrower or default of any
condition, covenant, term, or provision of this Agreement, in each case, beyond
any applicable notice, grace or cure period; 

(iii) the date all Obligations are satisfied in cash, in full; or 

(iv) the Expiration Date. 

(l) “Guarantor” and “Guarantors” shall have the
meaning(s) ascribed to such term(s) in the Preamble of this Agreement.

(m) “Lender(s)” shall have the meaning(s) ascribed to such
term(s) in the Preamble of this Agreement. 

(n) “Loan
Documents” shall mean,
collectively and each individually, the “Loan Documents” as defined in the
Credit Agreement, and this Agreement, and any and all agreements and documents
in connection therewith, each and all as amended, modified, supplemented,
extended, renewed, restated or replaced from time to time. 

(o) “Releasee(s)” shall have
the meaning(s) ascribed to such term(s) in Section 4.3(a) of this Agreement. 

(p) “Releasor(s)” shall have
the meaning(s) ascribed to such term(s) in Section 4.3(a) of this Agreement. 

SECTION
2. ACKNOWLEDGMENTS 

2.1 Acknowledgment of Obligations. Borrower hereby acknowledges, confirms and agrees
that all Obligations, including the principal indebtedness, interest at the
non-default or the default rate (as applicable), and fees, costs, expenses and
other charges now or hereafter payable by Borrower to Agent and Lenders pursuant
to the Loan Documents, are unconditionally owing by Borrower to Agent and
Lenders, pursuant to the terms of the Loan Documents, without offset, defense or
counterclaim of any kind, nature or description whatsoever. Borrower hereby
acknowledges, confirms and agrees that the Obligations are the amount of
principal and interest of $10,113,958.31 as of July 24, 2015, plus additional
expenses, fees and other charges due and chargeable under the Loan Documents
that have accrued as of that date. Subject to the Forbearance provided in
Section 3.2 of this Agreement, Borrower hereby acknowledges
and agrees that Agent and Lenders have the present right to declare the
Obligations to be immediately due and payable under the terms of the Loan
Documents and to exercise their rights and remedies thereunder (including the
imposition of the default rate of interest set forth in Section 2.6(c) retroactively to the date the Existing Defaults
occurred). 

2.2 Acknowledgment of Security Interests.
Borrower and each Guarantor
hereby acknowledges, confirms and agrees that Agent, for the benefit of the
Lenders, has and shall continue to have valid, enforceable, perfected and
unavoidable first-priority liens upon and security interests in the Collateral.

2.3 Acknowledgment of Loan Documents. Borrower and each Guarantor hereby acknowledges,
confirms and agrees that: (a) each of the Loan Documents to which it is a party
has been duly executed and delivered to Agent and Lenders by Borrower or such
Guarantor, as applicable, and each is in full force and effect as of the date
hereof; (b) the agreements and obligations of Borrower and each Guarantor
contained in the Loan Documents and in this Agreement constitute the legal,
valid and binding obligations of Borrower and each Guarantor, enforceable
against it in accordance with their respective terms, and neither Borrower nor
any Guarantor has, as of the date hereof, a valid defense to the enforcement of
the Loan Documents and this Agreement; and (c) Agent and each Lender is and
shall be entitled to the rights, remedies and benefits provided for in the Loan
Documents and applicable law. 

2.4 Acknowledgment of Defaults. Borrower and each Guarantor hereby acknowledges,
confirms and agrees that the Existing Defaults have occurred as of July 31, 2015
and shall be continuing thereafter unless waived in accordance with the Loan
Documents, each of which constitutes an Event of Default and, subject to
Section 3.2 of this Agreement, entitles Agent and each Lender
to exercise its rights and remedies under the Loan Documents, applicable law or
otherwise, and that Agent and Lenders have not, as of the date hereof, waived
such Existing Defaults and nothing contained in this Agreement or the
transactions contemplated hereby constitute such a waiver. Borrower and each
Guarantor hereby waive the right to contest the occurrence, existence, accuracy
or materiality of the Existing Defaults. 

SECTION
3. FORBEARANCE AND RESERVATION OF RIGHTS

3.1 Conditions. The Forbearance, and Lenders’ and Agent’s obligations under this
Agreement, are subject to the fulfillment to the Agent’s satisfaction of all of
the following conditions: 

(a) Agent shall have received a duly executed copy of this Agreement.

(b) Agent shall have earned a forbearance fee in the amount of $65,000, which
fee shall be paid upon the earlier to occur of (i) payment in full of the
obligations under the Loan Documents or (ii) the Forbearance Expiration Date.

3.2 Forbearance. 

(a) In reliance upon the representations, warranties and covenants of
Borrower and each Guarantor in this Agreement, and subject to the terms and
conditions of this Agreement and any documents or instruments executed in
connection herewith, Agent and each Lender agree to the Forbearance. 

(b) Upon the Forbearance Termination Date, the Forbearance and the agreement
of Agent and each Lender to forbear pursuant to this Agreement shall terminate
automatically and without any further action or notice, it being expressly
agreed that the effect of such termination or expiration permits Agent and each
Lender to immediately exercise any and all rights and remedies available to it,
including without limitation ceasing to make any further advances or financial
accommodations to or for the benefit of Borrower, accelerating the Obligations,
and exercising rights with respect to and foreclosing upon the Collateral, at
Agent’s and Lenders’ sole and absolute discretion. 

3.3 No Waivers; Reservation of Rights. 

(a) Agent and each Lender have not waived, and by this Agreement, are not
waiving, the Existing Defaults or any other Events of Default or Defaults that
may exist or be continuing on the date hereof or that may occur after the date
hereof (whether the same or similar to the Existing Defaults or otherwise), and
Agent and each Lender have not agreed to forbear with respect to any of its
rights or remedies concerning any Events of Default (other than, during the
Forbearance Period, the Existing Defaults to the extent expressly set forth
herein) that may have occurred or are continuing as of the date hereof or which
may occur after the date hereof. 

(b) Subject to Section
3.2 of this Agreement (solely
with respect to the Existing Defaults), Agent and each Lender reserves the
right, in their discretion, to exercise any or all of their rights and remedies
under the Loan Documents as a result of any Events of Default which may be
continuing on the date hereof or any Event of Default which may occur after the
date hereof, and Agent and each Lender have not waived any of such rights or
remedies, and nothing in this Agreement, and no delay on their part in
exercising any such rights or remedies, should be construed as a waiver of any
such rights or remedies. 

SECTION
4. AMENDMENTS, AGREEMENTS AND SUPPLEMENTARY
PROVISIONS 

4.1 One Time
Waiver of Excess Cash Flow Payment. Borrower has requested that the Lender Group waive the excess cash flow
prepayment due in respect of the fiscal year ended April 30, 2015 pursuant to
the terms set forth in Section 2.4(e)(vi) of the Credit Agreement (the
“2015 Excess Cash Flow
Prepayment”). Notwithstanding anything to the contrary in the Credit Agreement, the
Lender Group hereby agrees to waive the 2015 Excess Cash Flow
Prepayment.

4.2 Amendments Section
7(a) of the Credit Agreement is  hereby amended by deleting such clause in its
entirety and replacing it with the  following: 

(a) Minimum TTM EBITDA. Achieve TTM EBITDA, measured on a quarter-end
basis (on a monthly basis with respect to the period commencing on the month
ending June 30, 2015 through and including October 31, 2015), of at least the
required amount set forth in the following table for the applicable period set
forth opposite thereto: 

	Applicable
      Amount	Applicable
      Period
	$1,350,000	For the 12 month
      period
ending June 30, 2015
	$5,500,000	For the 12 month
      period
ending July 31, 2015
	$900,000	For the 12 month
      period
ending August 31, 2015
	$550,000	For the 12
      month period
ending September 30, 2015
	$360,000	For the 12 month
      period
ending October 31, 2015
	$5,500,000	For the 12 month
      period
ending November 30, 2015 and
on the last day of
      each
fiscal quarter thereafter

(b) Section
7(b) of the Credit Agreement is
hereby amended by deleting such clause in its entirety and replacing it with the
following: 

(d) Qualified Cash. Maintain Qualified Cash at all times, measured
on a weekly basis (on the Monday of each week for the Immediately preceding
week), of at least $2,300,000. 

(c) Section
7(d) of the Credit Agreement is
hereby amended by deleting such clause in its entirety and replacing it with the
following: 

(d) Minimum Recurring Revenues. Maintain Recurring Revenues, measured on a
month-end basis, of at least the required amount set forth in the following
table for the applicable period set forth opposite thereto: 

	Applicable
      Amount	Applicable
      Period
	$13,200,000	For the 12 month
      period
ending June 30, 2015
	$13,100,000	For the 12 month
      period
ending July 31, 2015
	$13,000,000	For the 12 month
      period
ending August 31, 2015 and
for each 12 month period
ending
      as of the end of each
month thereafter

4.3 Release. 

(a) In consideration of the
agreements of Agent and each Lender contained herein and for other good and
valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, Borrower and each Guarantor, on behalf of itself and its
successors, assigns and other legal representatives (Borrower and each Guarantor
and all such other persons being hereinafter referred to collectively as
“Releasors” and individually as a “Releasor”), hereby absolutely, unconditionally and irrevocably releases, remises
and forever discharges Agent and each Lender, and their successors and assigns,
and their present and former shareholders, affiliates, subsidiaries, divisions,
predecessors, directors, officers, attorneys, employees, agents and other
representatives (Agent and each Lender and all such other persons being
hereinafter referred to collectively as “Releasees” and
individually as a “Releasee”), of and from
all demands, actions, causes of action, suits, covenants, contracts,
controversies, agreements, promises, sums of money, accounts, bills, reckonings,
damages and any and all other claims, counterclaims, defenses, rights of
set-off, demands and liabilities whatsoever (individually, a “Claim” and collectively, “Claims”) of every name and
nature, known or unknown, suspected or unsuspected, both at law and in equity,
which Releasors may now or hereafter own, hold, have or claim to have against
Releasees or any of them for, upon, or by reason of any circumstance, action,
cause or thing whatsoever which arises at any time on or prior to the day and
date of this Agreement, for or on account of, or in relation to, or in any way
in connection with any of the Credit Agreement or any of the other Loan
Documents or transactions thereunder or related thereto. 

(b) It is the intention of
Borrower and each Guarantor that this Agreement and the release set forth above
shall constitute a full and final accord and satisfaction of all claims that may
have or hereafter be deemed to have against Releasees as set forth herein. In
furtherance of this intention, Borrower and each Guarantor, on behalf of itself
and each other Releasor, expressly waives any statutory or common law provision
that would otherwise prevent the release set forth above from extending to
claims that are not currently known or suspected to exist in any Releasor’s
favor at the time of executing this Agreement and which, if known by Releasors,
might have materially affected the agreement as provided for hereunder.
Borrower, on behalf of itself and each other Releasor, acknowledges that it is
familiar with Section 1542 of California Civil Code: 

A GENERAL RELEASE DOES NOT
EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR
HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER
MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR. 

Borrower and each Guarantor,
on behalf of itself and each other Releasor, waives and releases any rights or
benefits that it may have under Section 1542 to the full extent that it may
lawfully waive such rights and benefits, and Borrower and each Guarantor, on
behalf of itself and each other Releasor, acknowledges that it understands the
significance and consequences of the waiver of the provisions of Section 1542
and that it has been advised by its attorney as to the significance and
consequences of this waiver. 

(c) Borrower and each Guarantor,
understands, acknowledges and agrees that the release set forth above may be
pleaded as a full and complete defense and may be used as a basis for an
injunction against any action, suit or other proceeding which may be instituted,
prosecuted or attempted in breach of the provisions of such release. 

(d) Borrower and each Guarantor,
agrees that no fact, event, circumstance, evidence or transaction which could
now be asserted or which may hereafter be discovered shall affect in any manner
the final, absolute and unconditional nature of the release set forth above.

4.4 Covenant
Not to Sue. Borrower and each
Guarantor, on behalf of itself, each Releasor and its successors, assigns and
other legal representatives, hereby absolutely, unconditionally and irrevocably,
covenants and agrees with and in favor of each Releasee that it will not sue (at
law, in equity, in any regulatory proceeding or otherwise) any Releasee on the
basis of any Claim released, remised and discharged by Borrower or any
Guarantor, pursuant to Section
4.3(a) above. If Borrower or any
Guarantor, or any of their successors, assigns or other legal representations
violates the foregoing covenant, Borrower and each Guarantor, for itself and
each other Releasor, agrees to pay, in addition to such other damages as any
Releasee may sustain as a result of such violation, all attorneys’ fees and
costs incurred by any Releasee as a result of such violation. 

SECTION
5. REPRESENTATIONS, WARRANTIES AND COVENANTS OF
BORROWERS 

Borrower and each Guarantor,
hereby represents, warrants and covenants to Agent and each Lender as follows:

5.1 Representations in Loan Documents. Borrower and each Guarantor, reaffirm the terms
and conditions of the Loan Documents. The representations, warranties and
covenants in the Credit Agreement are true and correct in all material respects
as of the Forbearance Effective Date (except for those specifically related to
an earlier date). 

5.2 Binding
Effect of Documents. This
Agreement and the Loan Documents have been duly executed and delivered to Agent
and Lenders by Borrower and each Guarantor, and are in full force and effect, as
modified hereby. 

5.3 No
Conflict. The execution, delivery
and performance of this Agreement by Borrower and each Guarantor, will not
violate any requirement of law or material contractual obligation of Borrower or
any Guarantor and will not result in, or require, the creation or imposition of
any lien on any of their properties or revenues. 

5.4 Other
Events of Default. The parties
hereto acknowledge, confirm and agree that any misrepresentation herein by
Borrower or any Guarantor, or any failure of Borrower or any Guarantor to comply
with the covenants, conditions and agreements of this Agreement beyond any
applicable notice, grace or cure periods shall constitute an Event of Default.

SECTION
6. PROVISIONS OF GENERAL APPLICATION 

6.1 Effect of
this Agreement. Except as
modified pursuant hereto, no other changes or modifications to the Loan
Documents are intended or implied and in all other respects the Loan Documents
are hereby specifically ratified, restated and confirmed by all parties hereto
as of the effective date hereof. To the extent of conflict between the terms of
this Agreement and the other Loan Documents, the terms of this Agreement shall
control. 

6.2 Effectiveness. This
Agreement shall become effective upon execution by the Lenders and fulfillment
of the conditions set forth in Section 3.1. 

6.3 Loan
Documents in Full Force and Effect. Except as specifically amended hereby, all of the terms and conditions of
the Loan Documents shall remain in full force and effect. All references to any
Loan Document in any other document or instrument shall be deemed to mean such
Loan Document as modified by this Amendment. The execution, delivery and
effectiveness of this Amendment shall not operate as a waiver of any right,
power or remedy of any Lending Party under any Loan Document, nor constitute a
waiver of any provision contained therein. The parties hereto agree to be bound
by the terms and obligations of the Loan Documents, as modified by this
Agreement, as though the terms and obligations of this Agreement were set forth
in the Loan Documents.

6.4 Costs and
Expenses. Borrower absolutely and
unconditionally agrees to pay Agent and any Lender, on demand by Agent or such
Lender, at any time and as often as the occasion therefor may require, whether
or not all or any of the transactions contemplated by this Agreement are
consummated: (i) all reasonable fees, costs and expenses of counsel to Agent or
each Lender in connection with this Agreement, any agreements prepared,
negotiated, executed or delivered in connection with the transactions
contemplated hereby and the Loan Documents; and (ii) all reasonable fees, costs
and expenses which shall at any time be incurred or sustained by Agent or any
Lender or any of their respective directors, officers, employees or agents as a
consequence of or in any way in connection with this Agreement, any agreements
prepared, negotiated, executed or delivered in connection with the transactions
contemplated hereby and the Loan Documents. It being understood that the
foregoing sentence shall not in any way limit or negate any other Borrower’s
liability for all such fees, costs and expenses under the terms and conditions
set forth in the Loan Documents. This provision is in addition to, and is not
intended to restrict, limit, modify or amend any provision relating to fees,
costs and expenses incurred by Agent or any Lender as provided in any Loan
Document or any obligation of a Borrower relating thereto. 

6.5 Further
Assurances. The parties hereto
shall execute and deliver such additional documents and take such additional
action as may be necessary or desirable to effectuate the provisions and
purposes of this Agreement. 

6.6 Binding
Effect. This Agreement shall be
binding upon and inure to the benefit of each of the parties hereto and their
respective successors and assigns. 

6.7 Survival of
Representations and Warranties. All representations and warranties made in this Agreement or any other
document furnished in connection with this Agreement shall survive the execution
and delivery of this Agreement and the other documents, and no investigation by
Agent or any Lender or any closing shall affect the representations and
warranties or the right of Agent and each Lender to rely upon them. 

6.8 Severability. Any
provision of this Agreement held by a court of competent jurisdiction to be
invalid or unenforceable shall not impair or invalidate the remainder of this
Agreement. 

6.9 Reviewed by
Attorneys. Borrower and each
Guarantor represents and warrants to Agent and each Lender that it: (a)
understands fully the terms of this Agreement and the consequences of the
execution and delivery of this Agreement; (b) has been afforded an opportunity
to have this Agreement reviewed by, and to discuss this Agreement and document
executed in connection herewith with, such attorneys and other persons as
Borrower or any Guarantor may wish; and (c) has entered into this Agreement and
executed and delivered all documents in connection herewith of its own free will
and accord and without threat, duress or other coercion of any kind by any
person. The parties hereto acknowledge and agree that neither this Agreement nor
the other documents executed pursuant hereto shall be construed more favorably
in favor of one than the other based upon which party drafted the same, it being
acknowledged that all parties hereto contributed substantially to the
negotiation and preparation of this Agreement and the other documents executed
pursuant hereto or in connection herewith. 

6.10 CHOICE OF
LAW AND VENUE; JURY TRIAL WAIVER; JUDICIAL REFERENCE. 

(a) THE VALIDITY OF THIS
AGREEMENT, THE CONSTRUCTION, INTERPRETATION, AND ENFORCEMENT HEREOF AND THEREOF,
AND THE RIGHTS OF THE PARTIES HERETO WITH RESPECT TO ALL MATTERS ARISING
HEREUNDER OR RELATED HERETO SHALL BE DETERMINED UNDER, GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF CALIFORNIA.

(b) THE PARTIES AGREE THAT ALL
ACTIONS OR PROCEEDINGS ARISING IN CONNECTION WITH THIS AGREEMENT SHALL BE TRIED
AND LITIGATED ONLY IN THE STATE AND, TO THE EXTENT PERMITTED BY APPLICABLE LAW,
FEDERAL COURTS LOCATED IN THE COUNTY OF LOS ANGELES, STATE OF CALIFORNIA;
PROVIDED, THAT ANY SUIT SEEKING ENFORCEMENT AGAINST ANY COLLATERAL OR OTHER
PROPERTY MAY BE BROUGHT, AT AGENT’S OPTION, IN THE COURTS OF ANY JURISDICTION
WHERE AGENT ELECTS TO BRING SUCH ACTION OR WHERE SUCH COLLATERAL OR OTHER
PROPERTY MAY BE FOUND. BORROWER AND EACH MEMBER OF THE LENDER GROUP WAIVE, TO
THE EXTENT PERMITTED UNDER APPLICABLE LAW, ANY RIGHT EACH MAY HAVE TO ASSERT THE
DOCTRINE OF FORUM NON CONVENIENS OR TO OBJECT TO VENUE TO THE EXTENT ANY
PROCEEDING IS BROUGHT IN ACCORDANCE WITH THIS SECTION 6.10(b). 

(c) TO THE MAXIMUM EXTENT
PERMITTED BY APPLICABLE LAW, BORROWER AND EACH MEMBER OF THE LENDER GROUP HEREBY
WAIVE THEIR RESPECTIVE RIGHTS, IF ANY, TO A JURY TRIAL OF ANY CLAIM,
CONTROVERSY, DISPUTE OR CAUSE OF ACTION DIRECTLY OR INDIRECTLY BASED UPON OR
ARISING OUT OF THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREIN,
INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER
COMMON LAW OR STATUTORY CLAIMS (EACH A "CLAIM"). BORROWER AND EACH MEMBER OF THE
LENDER GROUP REPRESENT THAT EACH HAS REVIEWED THIS WAIVER AND EACH KNOWINGLY AND
VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL
COUNSEL. IN THE EVENT OF LITIGATION, A COPY OF THIS AGREEMENT MAY BE FILED AS A
WRITTEN CONSENT TO A TRIAL BY THE COURT. 

(d) BORROWER HEREBY
IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF THE
STATE AND FEDERAL COURTS LOCATED IN THE COUNTY OF LOS ANGELES AND THE STATE OF
CALIFORNIA, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS
AGREEMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT. EACH OF THE
PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING
SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE
JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT SHALL
AFFECT ANY RIGHT THAT AGENT MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING
RELATING TO THIS AGREEMENT AGAINST ANY LOAN PARTY OR ITS PROPERTIES IN THE
COURTS OF ANY JURISDICTION. 

(e) NO CLAIM MAY BE MADE BY
ANY LOAN PARTY AGAINST THE AGENT, THE SWING LENDER, ANY OTHER LENDER, ISSUING
BANK, OR ANY AFFILIATE, DIRECTOR, OFFICER, EMPLOYEE, COUNSEL, REPRESENTATIVE,
AGENT, OR ATTORNEY-IN-FACT OF ANY OF THEM FOR ANY SPECIAL, INDIRECT,
CONSEQUENTIAL, PUNITIVE OR EXEMPLARY DAMAGES OR LOSSES IN RESPECT OF ANY CLAIM
FOR BREACH OF CONTRACT OR ANY OTHER THEORY OF LIABILITY ARISING OUT OF OR
RELATED TO THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT, OR ANY ACT,
OMISSION, OR EVENT OCCURRING IN CONNECTION THEREWITH, AND EACH LOAN PARTY HEREBY
WAIVES, RELEASES, AND AGREES NOT TO SUE UPON ANY CLAIM FOR SUCH DAMAGES, WHETHER
OR NOT ACCRUED AND WHETHER OR NOT KNOWN OR SUSPECTED TO EXIST IN ITS FAVOR.

(f) IN THE EVENT ANY LEGAL
PROCEEDING IS FILED IN A COURT OF THE STATE OF CALIFORNIA (THE "COURT") BY OR
AGAINST ANY PARTY HERETO IN CONNECTION WITH ANY CLAIM AND THE WAIVER SET FORTH
IN CLAUSE (C) ABOVE IS NOT ENFORCEABLE IN SUCH PROCEEDING, THE PARTIES HERETO
AGREE AS FOLLOWS: 

(i) WITH THE
EXCEPTION OF THE MATTERS SPECIFIED IN SUBCLAUSE (ii) BELOW, ANY CLAIM SHALL BE
DETERMINED BY A GENERAL REFERENCE PROCEEDING IN ACCORDANCE WITH THE PROVISIONS
OF CALIFORNIA CODE OF CIVIL PROCEDURE SECTIONS 638 THROUGH 645.1. THE PARTIES
INTEND THIS GENERAL REFERENCE AGREEMENT TO BE SPECIFICALLY ENFORCEABLE. VENUE
FOR THE REFERENCE PROCEEDING SHALL BE IN THE COUNTY OF LOS ANGELES, CALIFORNIA.

(ii) THE
FOLLOWING MATTERS SHALL NOT BE SUBJECT TO A GENERAL REFERENCE PROCEEDING: (A)
NON-JUDICIAL FORECLOSURE OF ANY SECURITY INTERESTS IN REAL OR PERSONAL PROPERTY,
(B) EXERCISE OF SELF-HELP REMEDIES (INCLUDING SET-OFF OR RECOUPMENT), (C)
APPOINTMENT OF A RECEIVER, AND (D) TEMPORARY, PROVISIONAL, OR ANCILLARY REMEDIES
(INCLUDING WRITS OF ATTACHMENT, WRITS OF POSSESSION, TEMPORARY RESTRAINING
ORDERS, OR PRELIMINARY INJUNCTIONS). THIS AGREEMENT DOES NOT LIMIT THE RIGHT OF
ANY PARTY TO EXERCISE OR OPPOSE ANY OF THE RIGHTS AND REMEDIES DESCRIBED IN
CLAUSES (A) - (D) AND ANY SUCH EXERCISE OR OPPOSITION DOES NOT WAIVE THE RIGHT
OF ANY PARTY TO PARTICIPATE IN A REFERENCE PROCEEDING PURSUANT TO THIS AGREEMENT
WITH RESPECT TO ANY OTHER MATTER. 

(iii) UPON THE
WRITTEN REQUEST OF ANY PARTY, THE PARTIES SHALL SELECT A SINGLE REFEREE, WHO
SHALL BE A RETIRED JUDGE OR JUSTICE. IF THE PARTIES DO NOT AGREE UPON A REFEREE
WITHIN 10 DAYS OF SUCH WRITTEN REQUEST, THEN, ANY PARTY SHALL HAVE THE RIGHT TO
REQUEST THE COURT TO APPOINT A REFEREE PURSUANT TO CALIFORNIA CODE OF CIVIL
PROCEDURE SECTION 640(B). THE REFEREE SHALL BE APPOINTED TO SIT WITH ALL OF THE
POWERS PROVIDED BY LAW. PENDING APPOINTMENT OF THE REFEREE, THE COURT SHALL HAVE
THE POWER TO ISSUE TEMPORARY OR PROVISIONAL REMEDIES. 

(iv) EXCEPT AS
EXPRESSLY SET FORTH IN THIS AGREEMENT, THE REFEREE SHALL DETERMINE THE MANNER IN
WHICH THE REFERENCE PROCEEDING IS CONDUCTED INCLUDING THE TIME AND PLACE OF
HEARINGS, THE ORDER OF PRESENTATION OF EVIDENCE, AND ALL OTHER QUESTIONS THAT
ARISE WITH RESPECT TO THE COURSE OF THE REFERENCE PROCEEDING. ALL PROCEEDINGS
AND HEARINGS CONDUCTED BEFORE THE REFEREE, EXCEPT FOR TRIAL, SHALL BE CONDUCTED
WITHOUT A COURT REPORTER, EXCEPT WHEN ANY PARTY SO REQUESTS A COURT REPORTER AND
A TRANSCRIPT IS ORDERED, A COURT REPORTER SHALL BE USED AND THE REFEREE SHALL BE
PROVIDED A COURTESY COPY OF THE TRANSCRIPT. THE PARTY MAKING SUCH REQUEST SHALL
HAVE THE OBLIGATION TO ARRANGE FOR AND PAY THE COSTS OF THE COURT REPORTER,
PROVIDED THAT SUCH COSTS, ALONG WITH THE REFEREE'S FEES, SHALL ULTIMATELY BE
BORNE BY THE PARTY WHO DOES NOT PREVAIL, AS DETERMINED BY THE REFEREE.

(v) THE REFEREE
MAY REQUIRE ONE OR MORE PREHEARING CONFERENCES. THE PARTIES HERETO SHALL BE
ENTITLED TO DISCOVERY, AND THE REFEREE SHALL OVERSEE DISCOVERY IN ACCORDANCE
WITH THE RULES OF DISCOVERY, AND SHALL ENFORCE ALL DISCOVERY ORDERS IN THE SAME
MANNER AS ANY TRIAL COURT JUDGE IN PROCEEDINGS AT LAW IN THE STATE OF
CALIFORNIA. 

(vi) THE REFEREE
SHALL APPLY THE RULES OF EVIDENCE APPLICABLE TO PROCEEDINGS AT LAW IN THE STATE
OF CALIFORNIA AND SHALL DETERMINE ALL ISSUES IN ACCORDANCE WITH CALIFORNIA
SUBSTANTIVE AND PROCEDURAL LAW. THE REFEREE SHALL BE EMPOWERED TO ENTER
EQUITABLE AS WELL AS LEGAL RELIEF AND RULE ON ANY MOTION WHICH WOULD BE
AUTHORIZED IN A TRIAL, INCLUDING MOTIONS FOR DEFAULT JUDGMENT OR SUMMARY
JUDGMENT. THE REFEREE SHALL REPORT HIS OR HER DECISION, WHICH REPORT SHALL ALSO
INCLUDE FINDINGS OF FACT AND CONCLUSIONS OF LAW. THE REFEREE SHALL ISSUE A
DECISION AND PURSUANT TO CALIFORNIA CODE OF CIVIL PROCEDURE, SECTION 644, THE
REFEREE'S DECISION SHALL BE ENTERED BY THE COURT AS A JUDGMENT IN THE SAME
MANNER AS IF THE ACTION HAD BEEN TRIED BY THE COURT. THE FINAL JUDGMENT OR ORDER
FROM ANY APPEALABLE DECISION OR ORDER ENTERED BY THE REFEREE SHALL BE FULLY
APPEALABLE AS IF IT HAS BEEN ENTERED BY THE COURT. 

(vii) THE PARTIES
RECOGNIZE AND AGREE THAT ALL CLAIMS RESOLVED IN A GENERAL REFERENCE PROCEEDING
PURSUANT HERETO WILL BE DECIDED BY A REFEREE AND NOT BY A JURY. AFTER CONSULTING
(OR HAVING HAD THE OPPORTUNITY TO CONSULT) WITH COUNSEL OF THEIR OWN CHOICE,
EACH PARTY HERETO KNOWINGLY AND VOLUNTARILY AND FOR THEIR MUTUAL BENEFIT AGREES
THAT THIS REFERENCE PROVISION SHALL APPLY TO ANY DISPUTE BETWEEN THEM THAT
ARISES OUT OF OR IS RELATED TO THIS AGREEMENT OR THE OTHER LOAN DOCUMENTS.

6.11 Counterparts. This
Agreement may be executed in any number of counterparts, but all of such
counterparts shall together constitute but one and the same agreement.

[Signature page follows]

IN WITNESS WHEREOF, the
parties hereto have executed this Agreement as of the date first set forth
above. 

	 	BORROWER:
		 
		DAEGIS INC.,
		a Delaware corporation
		 
		 
		By:
      	/s/ Susan K.
    Conner
		Name:	Susan K.
      Conner
		Title:	Chief
      Financial Officer
		 
		 
		 
		GUARANTORS:
		 
		UNIFY INTERNATIONAL (US)
      CORPORATION,
		a Delaware corporation
		 
		 
		By:	/s/ Susan K.
    Conner
		Name:	Susan K.
      Conner
		Title:	Chief
      Financial Officer
		 
		 
		AXS-ONE INC.,
		a Delaware corporation
		 
		 
		By:	/s/ Susan K.
    Conner
		Name:	Susan K.
      Conner
		Title:	Secretary and
      Treasurer
		 
		 
		 
		 
		WELLS FARGO CAPITAL FINANCE,
    LLC,
		a Delaware limited liability company,
		as Agent and the sole Lender
		 
		 
		By:  	/s/ Chris
  Parker
	 	Name: 	Chris Parker
	 	Title: 	DirectorDR - 06.30.2015 - Ex 10.13

Exhibit 10.13
EXECUTION COPY

OMNIBUS AMENDMENT NO. 2
THIS OMNIBUS AMENDMENT No. 2, dated July 1, 2015 (this “Amendment”) is entered into by and among the Transaction Parties (defined below) and relates to the following transaction documents (the “Transaction Documents”), by and among the parties hereto: (1) the Sixth Amended and Restated Note Funding Agreement, dated as of January 30, 2015, by and among Diamond Resorts Issuer 2008 LLC, as issuer (the “Issuer”), Diamond Resorts Depositor 2008 LLC, as depositor (the “Depositor”), Diamond Resort Corporation (“DRC”), Diamond Resorts Holdings, LLC (“Holdings”) and Diamond Resorts International, Inc. (f/k/a Diamond Resorts Parent, LLC) (“Parent”), each in its capacity as performance guarantor (the “Performance Guarantors”), the Purchasers (as defined in the Transaction Documents) and Funding Agents (as defined in the Transaction Documents) from time to time party thereto and Credit Suisse AG, New York Branch, as Administrative Agent (the “Administrative Agent”) (the “Note Funding Agreement”); (2) the Sixth Amended and Restated Indenture, dated as of January 30, 2015, by and among the Issuer, Diamond Resorts Financial Services, Inc., as servicer (the “Servicer”), Wells Fargo Bank, National Association, as indenture trustee (the “Indenture Trustee”), as custodian (the “Custodian”) and as back-up servicer (the “Back-Up Servicer”), and the Administrative Agent (the “Indenture”); (3) the Fifth Amended and Restated Purchase Agreement, dated as of January 30, 2015, by and between Diamond Resorts Finance Holding Company, as seller (“DRFHC”, and together with the Issuer, the Depositor, the Performance Guarantors, the Purchasers, the Funding Agents, the Administrative Agent, the Servicer, the Indenture Trustee, the Custodian and the Back-Up Servicer, the “Transaction Parties”), and the Depositor (the “Purchase Agreement”); (4) the Fifth Amended and Restated Sale Agreement, dated as of January 30, 2015, by and between the Depositor and the Issuer (the “Sale Agreement”); (5) the Sixth Amended and Restated Custodial Agreement, dated as of June 26, 2015, by and among the Custodian, the Indenture Trustee, the Issuer, the Servicer and the Administrative Agent (the “Custodial Agreement”); (6) the Fifth Amended and Restated Undertaking Agreement, dated as of January 30, 2015, by and among the Performance Guarantors, the Issuer, the Indenture Trustee and the Administrative Agent (the “Undertaking Agreement”); and (7) any other ancillary documents, agreements, supplements and/or certificates entered into or delivered in connection with the foregoing.
RECITALS
WHEREAS, the Transaction Parties desire to amend the Sixth Amended and Restated Standard Definitions attached or incorporated into each of the Transaction Documents (the “Sixth Amended and Restated Standard Definitions”) in the manner set forth herein.
WHEREAS, the Transaction Parties, as applicable, desire to amend the Indenture in the manner set forth herein.
WHEREAS, the undersigned Purchasers and Funding Agents together constitute 100% of the Purchasers and Funding Agents.

KL2 2904567.7 

NOW, THEREFORE, in consideration of the mutual promises hereinafter set forth, and for other good and adequate consideration, the receipt and sufficiency of which are hereby acknowledged, the Transaction Parties hereby agree as follows:
Section 1.01.    Amendment of the Sixth Amended and Restated Standard Definitions
The following definitions shall replace the corresponding definitions in the Sixth Amended and Restated Standard Definitions:
““Amendment Closing Date” means July 1, 2015.” 
““Hedge Requirement” shall mean the requirement that the Issuer maintain one or more Hedge Agreements: (i) such that the Gross Excess Spread Percentage is at least 7.0%, (ii) the notional balance of the interest rate caps or swaps at the time of purchase is at least equal to the Minimum Hedge Notional Amount, which notional amount shall amortize on a monthly basis for a term equal to the amortization schedule of the payments on the pledged loans assuming a schedule of payments and prepayments mutually determined by the Servicer, the Issuer and Administrative Agent (which schedule shall be based upon the historical amortization experience of the Timeshare Portfolio), (iii) are based on assumptions approved by the Administrative Agent and (iv) is substantially in the form approved by the Administrative Agent and the Issuer.”
““Trust Accounts” means collectively, the Collection Account, the Reserve Account, the Hedge Reserve Account and such other accounts established by the Indenture Trustee pursuant to the Indenture.”
The following definitions shall be added to the Sixth Amended and Restated Standard Definitions in the appropriate alphabetical order:
““Hedge Purchase Event” shall be deemed to have occurred (i) if a Take-Out Transaction has not been consummated prior to the Mandatory Take-Out Date or (ii) if the Issuer fails to deposit into the Hedge Reserve Account the amount necessary to cause the amount on deposit in the Hedge Reserve Account to be equal to the Hedge Reserve Account Required Balance.” 
 ““Hedge Reserve Account” shall mean the account established and maintained by the Indenture Trustee pursuant to Section 3.3 of the Indenture.”
““Hedge Reserve Account Required Balance” shall mean, until such time as a Take-Out Transaction shall have occurred, for each Business Day, as determined on such date, an amount equal to the greater of $400,000 and the purchase price for a Hedge Agreement in the form of an interest rate cap that meets the definition of Hedge Requirement (other than clause (ii) thereof) for a notional amount equal to the excess of 90% of the Outstanding Note Balance of the Notes over $53,000,000, as determined by the Administrative Agent.”

2
KL2 2904567.7

““Mandatory Take-Out Date” means the Determination Date in respect of the Payment Date in August 2015.”
““Minimum Hedge Notional Amount” means (a) so long as no Hedge Purchase Event shall have occurred, 90% of the Outstanding Note Balance of the Notes up to $53,000,000 and (b) if a Hedge Purchase Event or a Take-Out Transaction shall have occurred, 90% of the Outstanding Note Balance of the Notes.”
 ““Take-Out Transaction” shall mean any securitization or other financing of the assets securing the Notes whereby at least 75% of the Outstanding Note Balance is repaid from the proceeds of such securitization or other financing.”
Section 1.02.    Amendment of the Indenture
Section 3.3 of the Indenture shall be amended by deleting the same in its entirety and replacing it with:
“SECTION 3.3. Hedge Reserve Account.  The Indenture Trustee has caused to be established and shall cause to be maintained an account (the “Hedge Reserve Account”) for the benefit of the Noteholders.  The Hedge Reserve Account shall be an Eligible Bank Account initially established at the Corporate Trust Office of the Indenture Trustee, bearing the designation “Diamond Resorts Issuer 2008 LLC – Hedge Reserve Account, Wells Fargo Bank, National Association, as Indenture Trustee for the benefit of the Secured Parties”.  The Indenture Trustee on behalf of the Secured Parties shall possess all right, title and interest in all funds on deposit from time to time in the Hedge Reserve Account and in all proceeds thereof.  The Hedge Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Secured Parties as their interests appear in the Trust Estate.  If, at any time, the Hedge Reserve Account ceases to be an Eligible Bank Account, the Indenture Trustee shall, in accordance with Section 3.1(l), establish a new Hedge Reserve Account (which if not maintained by the Indenture Trustee is subject to an account control agreement satisfactory to the Indenture Trustee and the Administrative Agent) which shall be an Eligible Bank Account, transfer any cash and/or any investments to such new Hedge Reserve Account and from the date such new Hedge Reserve Account is established, it shall be the “Hedge Reserve Account.”  Amounts on deposit in the Hedge Reserve Account shall be invested in accordance with Section 3.1 hereof.  Funding, withdrawals and payments from the Hedge Reserve Account shall be made in the following manner:
(i)    Funding.  Until such time as a Take-Out Transaction shall have occurred, on the Amendment Closing Date and each Business Day, the Issuer shall deposit or shall cause to be deposited into the Hedge Reserve Account the amount necessary to cause the amount on deposit in the Hedge Reserve Account to be equal to the Hedge Reserve Account Required Balance.  
(ii)    Purchase.  On any Business Day, the Issuer may purchase or cause to be purchased a Hedge Agreement that meets the Hedge 

3
KL2 2904567.7

Requirements.  The Indenture Trustee shall, as directed by the Issuer and the Administrative Agent, to the extent of funds available in the Hedge Reserve Account, either (i) pay the applicable Hedge Agreement premium to the related Qualified Hedge Counterparty, or (ii) in the event the Issuer provides the Indenture Trustee with evidence that it has already purchased a Hedge Agreement, reimburse the Issuer.  To the extent there are funds remaining in the Hedge Reserve Account following the purchase of such Hedge Agreement, the Indenture Trustee shall withdraw such funds from the Hedge Reserve Account and deposit such funds into the Collection Account as Available Funds for the immediately following Payment Date.  
(iii)    Hedge Purchase Event.  Upon the occurrence of a Hedge Purchase Event, the Issuer shall, no later than 5 Business Days thereafter, purchase or cause to be purchased a Hedge Agreement that meets the Hedge Requirements.  The Indenture Trustee shall, as directed by the Issuer and the Administrative Agent, to the extent of funds available in the Hedge Reserve Account, either (i) pay the applicable Hedge Agreement premium to the related Qualified Hedge Counterparty, or (ii) in the event the Issuer provides the Indenture Trustee with evidence that it has already purchased a Hedge Agreement, reimburse the Issuer.  To the extent there are funds remaining in the Hedge Reserve Account following the purchase of such Hedge Agreement, the Indenture Trustee shall withdraw such funds from the Hedge Reserve Account and deposit such funds into the Collection Account as Available Funds for the immediately following Payment Date.  To the extent that the Issuer fails to purchase or cause to be purchased a Hedge Agreement following a Hedge Purchase Event in the timeframe described above, the Administrative Agent is authorized to obtain such Hedge Agreement on behalf of the Issuer and to direct the Indenture Trustee to withdraw from the Hedge Reserve Account, to the extent of funds available therein, the applicable Hedge Agreement premium and to pay such amount to the related Qualified Hedge Counterparty.
(iv)    Withdrawals.  Upon the earlier of (a) the purchase of a Hedge Agreement in accordance with Section 3.3(ii) or 3.3(iii) above or (b) the consummation of a Take-Out Transaction, to the extent that there are any remaining amounts on deposit in the Hedge Reserve Account, the Indenture Trustee shall, at the written direction of the Issuer and the Administrative Agent withdraw all amounts on deposit in the Hedge Reserve Account and shall deposit such amounts into the Collection Account as Available Funds on the next Payment Date.”
Section 2.01.    Representations and Warranties
DRC, Holdings, Parent, DRFHC, the Servicer, the Depositor and the Issuer hereby represent and warrant to each of the other Transaction Parties that, after giving effect to this 

4
KL2 2904567.7

Amendment: (a) the representations and warranties set forth in each of the Transaction Documents by each of DRC, Holdings, Parent, DRFHC, the Servicer, the Depositor and the Issuer are true and correct in all material respects on and as of the date hereof, with the same effect as though made on and as of such date (except to the extent that any representation and warranty expressly relates to an earlier date, then such earlier date), (b) on the date hereof, no Default has occurred and is continuing, and (c) the execution, delivery and performance of this Amendment in accordance with its terms and the consummation of the transactions contemplated hereby by any of them do not and will not (i) require any consent or approval of any Person, except for consents and approvals that have already been obtained, (ii) violate any applicable law, or (iii) contravene, conflict with, result in a breach of, or constitute a default under their organization documents, as the same may have been amended or restated, or contravene, conflict with, result in a breach of or constitute a default under (with or without notice or lapse of time or both) any indenture, agreement or other instrument, to which such entity is a party or by which it or any of its properties or assets may be bound.
Section 2.02.    References in all Transaction Documents.
To the extent any Transaction Document contains a provision that conflicts with the intent of this Amendment, the parties agree that the provisions herein shall govern. 
Section 2.03.    Counterparts.
This Amendment may be executed (by facsimile or otherwise) in any number of counterparts, each of which counterparts shall be deemed to be an original, and such counterparts shall constitute but one and the same instrument.
Section 2.04.    Governing Law.
THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE SUBSTANTIVE LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED IN THE STATE OF NEW YORK AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE TRANSACTION PARTIES SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.
Section 2.05.    Severability of Provisions.
If any one or more of the covenants, agreements, provisions or terms of this Amendment shall be for any reason whatsoever held invalid, then such covenants, agreements, provisions or terms shall be deemed severable from the remaining covenants, agreements, provisions or terms of this Amendment and shall in no way affect the validity or enforceability of the other provisions of this Amendment. 
Section 2.06.    Continuing Effect.

5
KL2 2904567.7

Except as expressly amended hereby, each Transaction Document shall continue in full force and effect in accordance with the provisions thereof and each Transaction Document is in all respects hereby ratified, confirmed and preserved.  
Section 2.07.    Successors and Assigns.
This Amendment shall be binding upon and inure to the benefit of the Transaction Parties and their respective successors and permitted assigns. 
Section 2.08    No Bankruptcy Petition.
(a)    Each of the parties to this Amendment hereby covenants and agrees that, prior to the date which is one year and one day after the payment in full of all outstanding indebtedness for borrowed money of any Conduit, it will not institute against, or join any other Person in instituting against any Conduit any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceeding under the laws of the United States or any state of the United States.  The provisions of this Section 2.08(a) shall survive the termination of this Amendment.
(b)    Each of the parties to this Amendment hereby covenants and agrees that, prior to the date which is one year and one day after the payment in full of all Notes, it will not institute against, or join any other Person in instituting against the Issuer or the Depositor any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceeding under the laws of the United States or any state of the United States.  The provisions of this Section 2.08(b) shall survive the termination of this Amendment.
Section 2.09    Jurisdiction; Waiver of Trial by Jury.
EACH PARTY TO THIS AMENDMENT HEREBY IRREVOCABLY SUBMITS TO THE JURISDICTION OF ANY FEDERAL OR STATE COURT IN THE STATE OF NEW YORK IN ANY ACTION, SUIT OR PROCEEDING BROUGHT AGAINST IT AND RELATED TO OR IN CONNECTION WITH THIS AMENDMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY AND CONSENTS TO THE PLACING OF VENUE IN NEW YORK COUNTY OR OTHER COUNTY PERMITTED BY LAW.  TO THE EXTENT PERMITTED BY APPLICABLE LAW, EACH PARTY HEREBY WAIVES AND AGREES NOT TO ASSERT BY WAY OF MOTION, AS A DEFENSE OR OTHERWISE, IN ANY SUCH SUIT, ACTION OR PROCEEDING ANY CLAIM THAT IT IS NOT PERSONALLY SUBJECT TO THE JURISDICTION OF SUCH COURTS, THAT THE SUIT, ACTION OR PROCEEDING IS BROUGHT IN AN INCONVENIENT FORUM, THAT THE VENUE OF THE SUIT, ACTION OR PROCEEDING IS IMPROPER, OR THIS AMENDMENT MAY NOT BE LITIGATED IN OR BY SUCH COURTS.  TO THE EXTENT PERMITTED BY APPLICABLE LAW, EACH PARTY AGREES NOT TO SEEK AND HEREBY WAIVES THE RIGHT TO ANY REVIEW OF THE JUDGMENT OF ANY SUCH COURT BY ANY COURT OF ANY OTHER NATION OR JURISDICTION WHICH MAY BE CALLED UPON TO GRANT AN ENFORCEMENT OF SUCH JUDGMENT.  EXCEPT AS PROHIBITED BY LAW, EACH 

6
KL2 2904567.7

PARTY HEREBY WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AMENDMENT.
[Signature pages follow]

7
KL2 2904567.7

IN WITNESS WHEREOF, the parties below have caused this Amendment to be duly executed by their respective duly authorized officers of the day and year first above written.
DIAMOND RESORTS ISSUER 2008 LLC, as Issuer
By:    _/s/ Lillian Luu__________________ 
Name:  Lillian Luu 
Title:    Treasurer
Address for notices: 
c/o Diamond Resorts Corporation 
10600 West Charleston Boulevard
Las Vegas, NV 89135
Attention: General Counsel 
Telecopy: 702-765-8615
 

DIAMOND RESORTS CORPORATION, 
as Performance Guarantor

By:    _/s/ Lillian Luu__________________ 
Name:  Lillian Luu 
Title:    Treasurer
Address for notices: 
c/o Diamond Resorts Corporation 
10600 West Charleston Boulevard
Las Vegas, NV 89135
Attention: General Counsel 
Telecopy: 702-765-8615

KL2 2904567, Omnibus Amendment No. 2

DIAMOND RESORTS HOLDINGS, LLC, 
  as Performance Guarantor

By:    _/s/ Lillian Luu__________________ 
Name:  Lillian Luu 
Title:    Treasurer
Address for notices: 
c/o Diamond Resorts Corporation 
10600 West Charleston Boulevard
Las Vegas, NV 89135
Attention: General Counsel 
Telecopy: 702-765-8615

DIAMOND RESORTS INTERNATIONAL, INC., 
  as Performance Guarantor
 
By:    _/s/ Lillian Luu__________________ 
Name:  Lillian Luu 
Title:    Treasurer
Address for notices: 
c/o Diamond Resorts Corporation 
10600 West Charleston Boulevard
Las Vegas, NV 89135
Attention: General Counsel 
Telecopy: 702-765-8615

KL2 2904567, Omnibus Amendment No. 2

DIAMOND RESORTS DEPOSITOR 2008 LLC, as Depositor

By:    _/s/ Lillian Luu__________________ 
Name:  Lillian Luu 
Title:    Treasurer
Address for notices: 
c/o Diamond Resorts Corporation 
10600 West Charleston Boulevard
Las Vegas, NV 89135
Attention: General Counsel 
Telecopy: 702-765-8615

DIAMOND RESORTS FINANCE HOLDING COMPANY

By:    _/s/ Lillian Luu__________________ 
Name:  Lillian Luu 
Title:    Treasurer
Address for notices: 
c/o Diamond Resorts Corporation 
10600 West Charleston Boulevard
Las Vegas, NV 89135
Attention: General Counsel 
Telecopy: 702-765-8615

DIAMOND RESORTS FINANCIAL SERVICES, INC., as Servicer

By:    _/s/ David Womer_________________
Name:  David Womer 
Title:    President
Address for notices: 
c/o Diamond Resorts Corporation 
10600 West Charleston Boulevard
Las Vegas, NV 89135

KL2 2904567, Omnibus Amendment No. 2

Attention: General Counsel 
Telecopy: 702-765-8615 

WELLS FARGO BANK, NATIONAL ASSOCIATION, as Indenture Trustee, Custodian and Back-Up Servicer

By:    _/s/ Sue Larson_________________
Name:  Sue Larson
Title:    Vice President
Address for notices:
Wells Fargo Bank, National Association
MAC N9311-161
Sixth Street & Marquette Avenue
Minneapolis, Minnesota 55479
Attention: Corporate Trust Services/Asset-Backed Administration
Facsimile Number: 612-667-3464

KL2 2904567, Omnibus Amendment No. 2

CREDIT SUISSE AG, NEW YORK BRANCH, 
as Administrative Agent
 
By:    _/s/ Erin McCutcheon________________ 
Name:  Erin McCutcheon 
Title:      Vice President
By:    _/s/ Patrick J. Hart___________________ 
Name:  Patrick J. Hart 
Title:       Vice President
Address for notices: 
Eleven Madison Avenue 
New York, NY 10010
Attention: Conduits and Credit Products Group 
Telephone: 212-325-6688 
Facsimile:  212-325-4599
Bank Name: Bank of New York, NY
ABA Number: 021-000-018 
Account Number: 890-038-7025 
Attention: Fred Mastromarino 
Reference: Credit Suisse AG, New York Branch

KL2 2904567, Omnibus Amendment No. 2

GIFS CAPITAL COMPANY, LLC  
as a Conduit

By:    _/s/ Thomas J. Irvin_________________ 
Name:     Thomas J. Irvin
Title:    Manager
Address for notices: 
GIFS Capital Company, LLC 
Suite 4900 
277 West Monroe St. 
Chicago, IL 60606
Attention: Operations
Telephone: 312-977-4560
Email:  chioperations@guggenheimpartners.com
with a copy to:
Credit Suisse AG, New York Branch, as    Administrative Agent
Eleven Madison Avenue
New York, NY 10010
Attention: Asset Finance
Telephone: 212-325-6688
Facsimile:212-325-4599
Bank Name: Deutsche Bank Trust Company Americas
ABA Number: 021 001 033
Name of Crediting Account: GIFS Capital Company, LLC
Account Number: 00-471-283
Reference: Diamond Resorts Warehouse

KL2 2904567, Omnibus Amendment No. 2

	
			
	 
	CREDIT SUISSE AG, NEW YORK BRANCH,

	 
	as a Funding Agent

	 
	 

	 
	 

	 
	 

	 
	By:
	_/s/ Erin McCutcheon __________

	 
	 
	Name:  Erin McCutcheon

	 
	 
	Title: Vice President

	 
	 
	 

	 
	 
	 

	 
	By:
	_/s/ Patrick J. Hart _____________

	 
	 
	Name:  Patrick J. Hart

	 
	 
	Title: Vice President

	 
	 

	 
	Address for notices:

	 
	Eleven Madison Avenue

	 
	New York, NY  10010

	 
	Attention: Conduits and Credit Products Group

	 
	Telephone: 212-325-6688

	 
	Telecopy:  212-325-4599

	 
	 

	 
	Bank Name: Bank of New York, NY

	 
	ABA Number: 021-000-018

	 
	Account Number: 890-038-7025

	 
	Attention: Fred Mastromarino

	 
	Reference: Credit Suisse AG, New York Branch

KL2 2904567, Omnibus Amendment No. 2

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