Document:

EX-10.3

 Exhibit 10.3 

EXECUTION VERSION 

AMENDED AND RESTATED PLEDGE AND SECURITY AGREEMENT 

dated March 12, 2015 

by and among 
 CYPRESS
SEMICONDUCTOR CORPORATION 
 The GRANTORS Referred to Herein 

and 
 MORGAN STANLEY
SENIOR FUNDING, INC., 
 as Collateral Agent 

 Table of Contents 

 

							
	Contents	  	Page	 
		
	SECTION 1 DEFINITIONS; RULES OF INTERPRETATION	  	 	1	  
			
	Section 1.1	 	 Definition of Terms Used Herein
	  	 	1	  
	Section 1.2	 	 UCC
	  	 	2	  
	Section 1.3	 	 General Definitions
	  	 	2	  
	Section 1.4	 	 Rules of Interpretation
	  	 	10	  
		
	SECTION 2 GRANT OF SECURITY	  	 	11	  
			
	Section 2.1	 	 Grant of Security
	  	 	11	  
	Section 2.2	 	 Certain Exclusions
	  	 	12	  
	Section 2.3	 	 Certain Limitations
	  	 	13	  
	Section 2.4	 	 Grantors Remain Liable
	  	 	13	  
		
	SECTION 3 REPRESENTATIONS AND WARRANTIES	  	 	14	  
			
	Section 3.1	 	 Title
	  	 	14	  
	Section 3.2	 	 Names, Locations
	  	 	14	  
	Section 3.3	 	 Filings, Consents
	  	 	15	  
	Section 3.4	 	 Security Interests
	  	 	15	  
	Section 3.5	 	 Accounts Receivable
	  	 	15	  
	Section 3.6	 	 Pledged Collateral, Deposit Accounts
	  	 	16	  
	Section 3.7	 	 Intellectual Property
	  	 	18	  
		
	SECTION 4 COVENANTS	  	 	20	  
			
	Section 4.1	 	 Change of Name; Place of Business
	  	 	20	  
	Section 4.2	 	 Periodic Certification
	  	 	20	  
	Section 4.3	 	 Protection of Security
	  	 	21	  
	Section 4.4	 	 Insurance
	  	 	21	  
	Section 4.5	 	 Equipment and Inventory
	  	 	21	  
	Section 4.6	 	 Accounts Receivable
	  	 	22	  
	Section 4.7	 	 Pledged Collateral, Deposit Accounts
	  	 	24	  
	Section 4.8	 	 Intellectual Property
	  	 	29	  
	Section 4.9	 	 Covenants in Credit Agreement
	  	 	30	  
		
	SECTION 5 FURTHER ASSURANCES; ADDITIONAL GRANTORS	  	 	30	  
			
	Section 5.1	 	 Further Assurances
	  	 	30	  
	Section 5.2	 	 Additional Grantors
	  	 	32	  
		
	SECTION 6 COLLATERAL AGENT APPOINTED ATTORNEY-IN-FACT	  	 	32	  
			
	Section 6.1	 	 Power of Attorney
	  	 	32	  
	Section 6.2	 	 No Duty on the Part of Collateral Agent or Secured Parties
	  	 	34	  
	Section 6.3	 	 Authority, Immunities and Indemnities of Collateral Agent
	  	 	35	  

  
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	SECTION 7 REMEDIES		 	35	  
			
	Section 7.1		 Remedies Upon Event of Default
		 	35	  
	Section 7.2		 Intellectual Property
		 	39	  
	Section 7.3		 Application of Proceeds
		 	39	  
	Section 7.4		 Securities Act, Etc.
		 	40	  
		
	SECTION 8 STANDARD OF CARE; COLLATERAL AGENT MAY PERFORM		 	41	  
		
	SECTION 9 MISCELLANEOUS		 	42	  
			
	Section 9.1		 Notices
		 	42	  
	Section 9.2		 Security Interest Absolute
		 	42	  
	Section 9.3		 Survival of Agreement
		 	42	  
	Section 9.4		 Binding Effect
		 	43	  
	Section 9.5		 Successors and Permitted Assigns
		 	43	  
	Section 9.6		 Collateral Agent’s Fees and Expenses; Indemnification
		 	43	  
	Section 9.7		 Applicable Law
		 	43	  
	Section 9.8		 Waivers; Amendment
		 	44	  
	Section 9.9		 Waiver of Jury Trial
		 	44	  
	Section 9.10		 Severability
		 	45	  
	Section 9.11		 Counterparts; Effectiveness
		 	45	  
	Section 9.12		 Section Headings
		 	46	  
	Section 9.13		 Consent to Jurisdiction and Service of Process
		 	46	  
	Section 9.14		 Termination, Release
		 	47	  

 EXHIBITS 
  

			
	EXHIBIT A		FORM OF CONTROL ACCOUNT AGREEMENT
	EXHIBIT B		FORM OF DEPOSIT ACCOUNT CONTROL AGREEMENT
	EXHIBIT C		FORM OF SECURITY SUPPLEMENT
	EXHIBIT D		FORM OF JOINDER AGREEMENT
	EXHIBIT E		FINANCING STATEMENTS
	EXHIBIT F-1		FORM OF PATENT SECURITY AGREEMENT
	EXHIBIT F-2		FORM OF TRADEMARK SECURITY AGREEMENT
	EXHIBIT F-3		FORM OF COPYRIGHT SECURITY AGREEMENT

  
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 This AMENDED AND RESTATED PLEDGE AND SECURITY AGREEMENT, dated as of March 12, 2015 (as
further amended and/or restated, supplemented, or otherwise modified from time to time, this “Agreement”), among CYPRESS SEMICONDUCTOR CORPORATION, a Delaware corporation (the “Borrower”), each of the other entities
that are signatories hereto as a “Grantor” (collectively, with the Borrower and any Additional Grantors (as defined herein), the “Grantors”, and each a “Grantor”) and MORGAN STANLEY SENIOR FUNDING, INC.,
as collateral agent for the Secured Parties (herein in such capacity, the “Collateral Agent”). 
 RECITALS 

 

	1.	The BORROWER, the GUARANTORS (as defined therein), the LENDERS from time to time party thereto, MORGAN STANLEY SENIOR FUNDING, INC., as administrative agent (in such capacity, the “Administrative
Agent”), the other AGENTS (as defined therein) party thereto, MORGAN STANLEY BANK, N.A., as Issuing Bank, and the COLLATERAL AGENT have entered into an Amended and Restated Credit and Guaranty Agreement, dated as of the date hereof (as
further amended and/or restated, supplemented or otherwise modified from time to time, the “Credit Agreement”). 

  

	2.	The Credit Agreement requires each Grantor to deliver a duly executed copy of this Agreement as a condition precedent to the initial extensions of credit thereunder. 

In consideration of the premises and for other valuable consideration, the receipt and sufficiency of which the parties hereto hereby acknowledge, each
Grantor and the Collateral Agent, on behalf of itself and each Secured Party (and each of their respective permitted successors, assigns and novatees), hereby agree as follows: 

SECTION 1 
 DEFINITIONS;
RULES OF INTERPRETATION 
  

	Section 1.1	Definition of Terms Used Herein 

 Unless the context otherwise requires, all capitalized terms used but
not defined herein have the meanings set forth in the Credit Agreement. 

	Section 1.2	UCC 

 Terms used herein that are defined in the UCC but not defined herein have the meanings given to
them in the UCC (and if defined in more than one Article of the UCC, shall have the meaning given in Article 8 or 9 thereof), including the following which are capitalized herein: 

Account Debtor 
 Account 

Certificate of Title 
 Certificated Security 

Chattel Paper 
 Commercial Tort Claim 

Commodity Account 
 Commodity Contract 

Commodity Intermediary 
 Deposit Account 

Document 
 Electronic Chattel Paper 

Equipment 
 Fixtures 

General Intangible 
 Goods 

Instrument 
 Inventory 

Investment Property 
 Jurisdiction of Organization 

Letter-of-Credit Right 
 Money 

Payment Intangible 
 Proceeds 

Record 
 Securities Account 

Securities Intermediary 
 Security 

Security Entitlement 
 Supporting Obligation 

Tangible Chattel Paper 
 Uncertificated Security 

 

	Section 1.3	General Definitions In this Agreement: 

 “Accounts Receivable” means (a) all
rights to payment, whether or not earned by performance, for goods or other property sold, leased, licensed, assigned or otherwise disposed of, or services rendered or to be rendered, including all such rights constituting or evidenced by any
Account, 

  
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Chattel Paper, Instrument, General Intangible or Investment Property, together with all right, title and interest, if any, in any goods or other property giving rise to such right to payment,
including any rights to stoppage in transit, replevin, reclamation and resales, and all related security interests, Liens and pledges, whether voluntary or involuntary, in each case whether now existing or owned or hereafter arising or acquired, and
all Collateral Support and Supporting Obligations related to the foregoing and (b) rights to receive amounts payable under the following: 
  

	 	(i)	any and all rights to license products retained by any Grantor; 

  

	 	(ii)	all sales, leases or licenses of any other goods or products or the rendering of any other services and all collateral security and guaranties of any kind given by any person with respect to any of the foregoing;

  

	 	(iii)	any and all tax refunds and tax refund claims; and 

  

	 	(iv)	all money, reserves and property relating to any of the foregoing whether now or at any time hereafter in the possession or under the control of any Grantor or any agent or custodian for any Grantor. 

“Additional Grantor” has the meaning assigned to such term in Section 5.2. 

“Agreement” has the meaning assigned to such term in the Preamble. 

“Cash Collateral Account” means any Deposit Account or Securities Account established by the Collateral Agent in which cash and Cash
Equivalents may from time to time be on deposit or held therein as provided herein. 
 “Collateral” has the meaning assigned to such term
in Section 2.1, subject to the limitations set forth in Section 2.2. 
 “Collateral Agent” has the meaning assigned to such term in
the Preamble. 
 “Collateral Support” means all property (real or personal) collaterally assigned, hypothecated or otherwise securing any
Collateral and includes any security agreement or other agreement granting a Lien in such real or personal property. 
 “Contracts” means
all contracts, leases and other agreements entered into by any Grantor. 

  
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 “Control Account” means a Securities Account or a Commodity Account maintained by any Grantor
with a Securities Intermediary or Commodity Intermediary which account is the subject of an effective Control Account Agreement, and includes all financial assets held therein and all certificates and Instruments, if any, representing or evidencing
such Control Account. 
 “Control Account Agreement” means a control account agreement substantially in the form of Exhibit A to this
Agreement (with such changes as may be agreed to by the Collateral Agent in its sole discretion) or in another form approved by the Collateral Agent in its sole discretion (such approval not to be unreasonably withheld or delayed), executed by any
Grantor and the Collateral Agent and acknowledged and agreed to by the relevant Securities Intermediary or Commodity Intermediary. 
 “Copyright
Licenses” means any and all agreements, licenses and covenants (whether or not in writing) providing for the granting of any right in or to any Copyright or otherwise providing for a covenant not to sue for infringement or other violation
of any Copyright (whether a Grantor is licensee or licensor thereunder) and all renewals and extensions thereof and all rights of any Grantor under any such agreements, including without limitation the agreements referred to in Schedule 3.7 to the
Pledge and Security Disclosure Letter under the heading “Copyright Licenses” (as such schedule may be amended or supplemented from time to time). 

“Copyrights” means (i) all United States and foreign copyrights (whether or not the underlying works of authorship have been published),
including but not limited to copyrights in software and all rights in and to databases, all designs (including but not limited to industrial designs, protected designs within the meaning of 17 U.S.C. § 1301 et seq. and community designs), and
all mask works fixed in semiconductor chip products (as defined in 17 U.S.C. § 901(a)(1)), whether statutory or common law, whether registered or unregistered and whether published or unpublished, as well as all moral rights, reversionary
interests, and termination rights, now or hereafter in force throughout the world, and, with respect to any and all of the foregoing: (i) all registrations and applications therefor including, without limitation, the registrations referred to
in Schedule 3.7 to the Pledge and Security Disclosure Letter (if any) under the heading “Copyrights” (as such schedule may be amended or supplemented from time to time), (ii) all extensions and renewals thereof, (iii) the right
to sue or otherwise recover for past, present and future infringements, dilutions, misappropriations, or other violations of any of the foregoing, and (iv) all Proceeds of the foregoing, including, without limitation, licenses, royalties, fees,
income, payments, claims, damages and proceeds of suit, and (v) all other rights and privileges of any kind accruing thereunder or pertaining thereto throughout the world. 

“Credit Agreement” has the meaning assigned to such term in the Recitals. 

“Deposit Account Control Agreement” means a deposit account control agreement substantially in the form of Exhibit B to this Agreement
(with such changes as may be agreed to by the Collateral Agent in its sole discretion) or in another form approved by the Collateral Agent (such approval not to be unreasonably withheld or delayed), executed by any Grantor and the Collateral Agent
and acknowledged and agreed to by the relevant depositary institution. 

  
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 “Dividends” means, in relation to any Stock, all present and future: (a) dividends and
distributions of any kind and any other sum received or receivable in respect of such Stock, (b) rights, shares, money or other assets accruing or offered by way of redemption, substitution, exchange, bonus, option, preference or otherwise in
respect of such Stock, (c) allotments, offers and rights accruing or offered in respect of such Stock and (d) other rights and assets attaching to, deriving from or exercisable by virtue of the ownership of, such Stock. 

“Excluded Assets” means, collectively, (a) motor vehicles and other equipment for which to Certificates of Title have been issued,
(b) Letter-of-Credit Rights not constituting Supporting Obligations, (c) all leasehold interests in real property (other than fixtures) and all fee interests in real property (other than fixtures) with a fair market value of less than
$10,000,000, (d) (i) any asset or property right of Grantor of any nature if the grant of such security interest shall constitute or result in (A) the abandonment, invalidation or unenforceability of such asset or property right or
such Grantor’s loss of use of such asset or property right or (B) a breach, termination or default under any lease, license, contract or agreement (other than to the extent that any such term would be rendered ineffective pursuant to
Sections 9-406, 9-407, 9-408 or 9-409 of the UCC (or any successor provision or provisions) of any relevant jurisdiction or any other applicable law (including the Bankruptcy Code) or principles of equity) to which such Grantor is party and
(ii) any asset or property right of Grantor of any nature to the extent that any applicable law or regulation prohibits the creation of a security interest thereon (other than to the extent that any such term would be rendered ineffective
pursuant to Sections 9-406, 9-407, 9-408 or 9-409 of the UCC (or any successor provision or provisions) of any relevant jurisdiction or any other applicable law or principles of equity); provided that in any event, immediately upon the
ineffectiveness, lapse or termination of any such provision, the term “Excluded Assets” shall not include all such rights and interests, (e) Equity Interests in any person other than a wholly owned Subsidiary to the extent the pledge
of such Equity Interests is not permitted by the terms of such person’s Organizational Documents or any joint venture documents, (f) any Stock, Partnership interest or membership interest which is specifically excluded from the definition
of Pledged Stock, Pledged Partnership Interests, or Pledged LLC Interests by virtue of the proviso to the respective definition thereof, (g) any “intent-to-use” application for registration of a Trademark filed pursuant to
Section 1(b) of the Lanham Act, 15 U.S.C. § 1051, prior to the filing of a “Statement of Use” pursuant to Section 1(d) of the Lanham Act or an “Amendment to Allege Use” pursuant to Section 1(c) of the Lanham
Act with respect thereto, solely to the extent, if any, that, and solely during the period, if any, in which, the grant of a security interest therein would impair the validity or enforceability of any registration that issues from such
intent-to-use application under applicable federal law, (h) any Commercial Tort Claims, (i) the Equity Interests in any Immaterial Subsidiary or Unrestricted Subsidiary and (j) any tangible or intangible assets of a Grantor as to
which the cost of obtaining a security interest therein is excessive in relation to the benefit to the Secured Parties of the security to be afforded thereby, as reasonably determined by the Collateral Agent, in consultation with the Borrower. 

  
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 “Excluded Deposit Account” means any Deposit Account (a) used exclusively for payroll,
payroll taxes or other employee wage and benefit payments, (b) that at the end of any given Business Day contains a balance of zero due to automatic transfers of amounts held in such Deposit Account into other Deposit Accounts subject to a
Deposit Account Control Agreement or (c) having an average monthly credit balance equal to or less than $5,000,000 individually; provided that the aggregate balance in all such accounts described in this clause (c), when taken together
with the aggregate balance in all Excluded Control Accounts, shall not exceed $25,000,000. 
 “Excluded Control Account” means any Control
Account having an average monthly credit balance equal to or less than $5,000,000 individually; provided that the aggregate balance in all such accounts, when taken together with the aggregate balance in all Excluded Deposit Accounts
described in clause (c) of the definition thereof, shall not exceed $25,000,000. 
 “Grantor” has the meaning assigned to such term in
the Preamble. 
 “Insurance” means all contracts and policies of insurance of any kind now or in the future taken out by or on behalf of
any Grantor or (to the extent of such Grantor’s interest) in which it now or in the future has an interest. 
 “Intellectual Property”
means, collectively, all rights, priorities and privileges relating to intellectual property, whether arising under the United States, multinational or foreign laws or otherwise, including without limitation, the Copyrights, the Copyright Licenses,
the Patents, the Patent Licenses, the Trademarks, the Trademark Licenses, the Trade Secrets and the Trade Secret Licenses, intangible rights in software and databases not otherwise included in the foregoing, and the right to sue at law or in equity
or otherwise recover for any past, present and future infringement, dilution, misappropriation, or other violation or impairment thereof, including the right to receive all Proceeds therefrom, including without limitation license fees, royalties,
income, payments, claims, damages and proceeds of suit, now or hereafter due and/or payable with respect thereto. 
 “Intellectual Property
Registry” means the United States Patent and Trademark Office, the United States Copyright Office, any state intellectual property registry, or any foreign counterpart of any of the foregoing. 

“Intellectual Property Security Agreement” has the meaning assigned to such term in Section 4.8(a). 

“Joinder Agreement” means a joinder agreement, substantially in the form of Exhibit D to this Agreement, executed by an Additional Grantor
and delivered to the Collateral Agent. 

  
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 “LLC” means (a) as of the date of this Agreement, any limited liability company in which
any Grantor has an interest, including, without limitation, any limited liability company set forth on Schedule 3.6 to the Pledge and Security Disclosure Letter and (b) any limited liability company in which any Grantor acquires an interest
after the date of this Agreement (as such schedule may be amended, supplemented or otherwise modified from time to time in accordance with this Agreement). 

“LLC Agreement” means the limited liability company agreement or such analogous agreement governing the operation of any LLC. 

“Partnership” means (a) as of the date of this Agreement, any partnership in which any Grantor has an interest, including, without
limitation, any partnership set forth on Schedule 3.6 to the Pledge and Security Disclosure Letter and (b) any partnership in which any Grantor acquires an interest after the date of this Agreement (as such schedule may be amended, supplemented
or otherwise modified from time to time in accordance with this Agreement). 
 “Partnership Agreement” means the partnership agreement of
any Partnership or such analogous agreement governing the operation of any Partnership. 
 “Patent Licenses” means all agreements, licenses
and covenants (whether or not in writing) providing for the granting of any right in or to any Patent or otherwise providing for a covenant not to sue for infringement or other violation of any Patent (whether the relevant Grantor is licensee or
licensor thereunder) and all extensions and renewals thereof and all rights of any Grantor under any such agreements, including without limitation the agreements referred to in Schedule 3.7 to the Pledge and Security Disclosure Letter under the
heading “Patent Licenses” (as such schedule may be amended from time to time). 
 “Patents” means all United States and foreign
patents, certificates of invention or similar industrial property right, and applications for any of the foregoing, throughout the world, including, without limitation: (i) each patent and patent application referred to in Schedule 3.7 to the
Pledge and Security Disclosure Letter (if any) under the heading “Patents” (as such schedule may be amended from time to time), (ii) all reissues, divisions, continuations, continuations-in-part, extensions, renewals and
reexaminations of any of the foregoing, (iii) the right to sue or otherwise recover for past, present and future infringements, misappropriations, dilutions or other violations of any of the foregoing, (iv) all Proceeds of the foregoing,
including licenses, royalties, fees, income, payments, claims, damages and proceeds of suit, and (v) all other rights of any kind accruing thereunder or pertaining thereto throughout the world. 

“Pledge and Security Disclosure Letter” means the disclosure letter, dated as of the date hereof, as amended or supplemented from time to
time by Borrower with the written consent of the Collateral Agent and, if required by the Credit Documents, the Required Lenders (or as supplemented by Borrower without such consent pursuant to the terms of this Agreement), delivered by Borrower to
the Collateral Agent for its benefit and the benefit of the Secured Parties. 

  
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 “Pledged Collateral” means, collectively, the Pledged Notes, the Pledged Stock, the Pledged
Partnership Interests, the Pledged LLC Interests, any other Investment Property of any Grantor to the extent that the same constitutes Collateral (subject to Section 2.2 hereof), all certificates or other instruments representing any of the
foregoing, all Security Entitlements of any Grantor in respect of any of the foregoing and all Dividends, interest distributions, cash, warrants, rights, instruments and other property or Proceeds from time to time received, receivable or otherwise
distributed in respect of or in exchange for any or all of the foregoing. Pledged Collateral may be General Intangibles, Investment Property, Instruments or any other category of Collateral. 

“Pledged LLC Interests” means all of any Grantor’s right, title and interest as a member of any LLC and all of such Grantor’s
right, title and interest in, to and under any LLC Agreement to which it is a party, to the extent that the same constitutes Collateral (subject to Section 2.2 hereof); provided that “Pledged LLC Interests” shall not include
voting membership interests of any LLC that is a Foreign Subsidiary having more than 66% of the total combined voting power of all classes of voting membership interests of such LLC. 

“Pledged Notes” means all of any Grantor’s right, title and interest in each Instrument evidencing Indebtedness with an outstanding
principal balance of $250,000 or more owed to such Grantor, and all cash, Instruments and other property or Proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such Indebtedness.

 “Pledged Partnership Interests” means all of any Grantor’s right, title and interest as a limited and/or general partner in any
Partnership and all of such Grantor’s right, title and interest in, to and under any Partnership Agreement to which it is a party to the extent that the same constitutes Collateral (subject to Section 2.2 hereof); provided that
“Pledged Partnership Interests” shall not include voting Partnership interests of any Partnership that is a Foreign Subsidiary having more than 66% of the total combined voting power of all classes of voting Partnership interests of such
Partnership. 
 “Pledged Stock” means (a) as of the date of this Agreement, any shares of Stock in which any Grantor has an interest,
including, without limitation, the shares of Stock listed on Schedule 3.6 to the Pledge and Security Disclosure Letter (as such schedule may be amended, supplemented or otherwise modified from time to time in accordance with this Agreement) and
(b) any shares of Stock in which any Grantor acquires an interest after the date of this Agreement, in each case to the extent that the same constitutes Collateral (subject to Section 2.2 hereof); provided that Pledged Stock shall
not include voting Stock of any Foreign Subsidiary having more than 66% of the total combined voting power of all classes of voting Stock of such Foreign Subsidiary. 

  
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 “Secured Obligations” has the meaning assigned to such term in Section 2.1. 

“Secured Parties” means, collectively, (a) each Agent, each Lender, the Issuing Bank and each Indemnitee, (b) each Lender
Counterparty (i) on the Closing Date, in the case of a Hedging Agreement existing on the Closing Date, or (ii) at the date of entering into such Hedging Agreement, in the case of a Hedging Agreement entered into after the Closing Date,
(c) each Treasury Service Provider (i) on the Closing Date, in the case of a Treasury Services Agreement existing on the Closing Date, or (ii) at the date of entering into such Treasury Services Agreement, in the case of a Treasury
Services Agreement entered into after the Closing Date, and (d) the permitted successors, assigns and novatees of each of the foregoing. 

“Security Interest” means, collectively, the continuing security interests in the Collateral granted to the Collateral Agent for the benefit
of the Secured Parties pursuant to Section 2.1. 
 “Security Supplement” means any supplement to this Agreement in substantially the form
of Exhibit C, executed by an Authorized Officer of the applicable Grantor. 
 “Stock” means shares of capital stock (whether denominated as
common stock or preferred stock) of or in a corporation, whether voting or non-voting and all rights to subscribe for, purchase or otherwise acquire any of the foregoing. 

“Trade Secret Licenses” means any and all agreements, licenses and covenants (whether or not in writing) providing for the granting of any
right in or to Trade Secrets (whether the relevant Grantor is licensee or licensor thereunder) and all extensions and renewals thereof and all rights of any Grantor under any such agreements, including without limitation the agreements referred to
in Schedule 3.7 to the Pledge and Security Disclosure Letter under the heading “Trade Secret Licenses” (as such schedule may be amended or supplemented from time to time). 

“Trade Secrets” means all trade secrets and all other confidential or proprietary information and know-how and processes, designs,
inventions, technology, and compilations, data, databases, and computer programs (whether in source code, object code, or other form) and all documentation (including without limitation user manuals and training materials) related thereto, and
proprietary methodologies, algorithms, and information, and any other intangible rights, to the extent not covered by the definitions of Patents, Trademarks and Copyrights, now or hereafter owned or used in, or held for use in, the business of any
Grantor, whether or not reduced to a writing or other tangible form, including all documents and things embodying, incorporating or referring in any way to the foregoing, and with respect to any and all of the foregoing: (i) the right to sue or
otherwise recover for past, present and future infringements, misappropriations, and other violations thereof, (ii) all Proceeds of the foregoing, including, without limitation, licenses, royalties, fees, income, payments, claims, damages and
proceeds of suit, and (iii) all other rights of any kind accruing thereunder or pertaining thereto throughout the world. 

  
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 “Trademark Licenses” means any and all agreements, licenses and covenants (whether or not in
writing) providing for the granting of any right in or to any Trademark or otherwise providing for a covenant not to sue for infringement dilution or other violation of any Trademark or permitting co-existence with respect to a Trademark (whether
the relevant Grantor is licensee or licensor thereunder) and any and all extensions and renewals thereof and all rights of any Grantor under any such agreement, including without limitation the agreements referred to in Schedule 3.7 to the Pledge
and Security Disclosure Letter under the heading “Trademark Licenses” (as such schedule may be amended or supplemented from time to time). 

“Trademarks” means all United States, state and foreign trademarks, trade names, corporate names, company names, business names, fictitious
business names, internet domain names, trade dress, service marks, certification marks, collective marks and logos, words, terms, names, symbols, designs any other source or business identifiers, and general intangibles of a like nature, all
registrations and applications for any of the foregoing, whether registered or unregistered, and whether established or registered in an Intellectual Property Registry in any country or any political subdivision thereof, and with respect to any and
all of the foregoing: (i) all common law rights related thereto, (ii) the trademark registrations and applications referred to in Schedule 3.7 to the Pledge and Security Disclosure Letter (if any) under the heading “Trademarks”
(as such schedule may be amended or supplemented from time to time), (iii) all extensions, continuations, reissues or renewals of any of the foregoing, (iv) all of the goodwill of the business connected with the use of and symbolized by
the foregoing, (v) the right to sue or otherwise recover for past, present and future infringements, misappropriations, dilutions or other violations of any of the foregoing or for any injury to goodwill, (vi) all Proceeds of the
foregoing, including, without limitation, licenses, royalties, fees, income, payments, claims, damages and proceeds of suit, and (vii) all other rights of any kind accruing thereunder or pertaining thereto throughout the world. 

“UCC” means the Uniform Commercial Code enacted in the State of New York, as amended from time to time; provided that if by reason of
mandatory provisions of law, the perfection, the effect of perfection or non-perfection or priority of, or remedies with respect to a security interest is governed by the Uniform Commercial Code or other personal property security laws of any
jurisdiction other than New York, “UCC” means the Uniform Commercial Code or other personal property security laws as in effect in such other jurisdiction solely for the purposes of the provisions hereof relating to such perfection,
priority or remedies and for the definitions related to such provisions. 
  

	Section 1.4	Rules of Interpretation 

 The rules of interpretation specified in Section 1.03 of the Credit
Agreement shall be applicable to this Agreement; provided that, unless the context requires otherwise, all references herein to Sections and Exhibits shall be construed to refer to Sections of, and Exhibits to, this Agreement. Unless
otherwise specified, the Exhibits to this Agreement, in each case as amended, amended and restated, supplemented or otherwise modified from time to time in accordance with the provisions hereof, are incorporated herein by reference. Other than
Section 1.4 hereof, if any conflict or inconsistency exists between this Agreement and the Credit Agreement, the Credit 

  
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Agreement shall govern. If any conflict or inconsistency exists between this Agreement and any Credit Document other than the Credit Agreement, this Agreement shall govern. All references herein
to provisions of the UCC include all successor provisions under any subsequent version or amendment to any Article of the UCC. 
 SECTION
2 
 GRANT OF SECURITY 
  

	Section 2.1	Grant of Security 

 As security for the prompt and complete payment and performance in full when due
(whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise, including the payment of amounts that would become due but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code)
of all Obligations at any time owed or owing to the Secured Parties (or any of them) (collectively, the “Secured Obligations”), each Grantor hereby pledges and grants to the Collateral Agent, for its benefit and for the benefit of
the Secured Parties, a continuing security interest in and Lien on all of its right, title and interest in, to and under the following, in each case whether now owned or existing or hereafter acquired or arising and wherever located (collectively,
the “Collateral”): 
  

	 	(a)	all Accounts; 

  

	 	(b)	all Chattel Paper; 

  

	 	(c)	all Contracts; 

  

	 	(d)	all Documents; 

  

	 	(e)	all General Intangibles, including without limitation all Intellectual Property owned by such Grantor and that portion of the Pledged Collateral constituting General Intangibles; 

 

	 	(f)	all Goods whether tangible or intangible, wherever located, including without limitation all Inventory, Equipment, Fixtures, and Money; 

 

	 	(g)	all Instruments, including without limitation that portion of the Pledged Collateral constituting Instruments; 

  
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	 	(h)	all cash and Deposit Accounts, including without limitation all Cash Collateral Accounts constituting Deposit Accounts; 

  

	 	(i)	all Insurance; 

  

	 	(j)	all Investment Property, including without limitation all Control Accounts, all Cash Collateral Accounts constituting Investment Property and that portion of the Pledged Collateral constituting Investment Property;

  

	 	(k)	all Accounts Receivable; 

  

	 	(l)	all Pledged Stock, Pledged Partnership Interests and Pledged LLC Interests; 

  

	 	(m)	all books and Records; 

  

	 	(n)	all Money or other property of any kind which is received by such Grantor in connection with refunds with respect to taxes, assessments and governmental charges imposed on such Grantor or any of its property or income;

  

	 	(o)	all causes of action and all Money and other property of any kind received therefrom, and all Money and other property of any kind recovered by any Grantor; 

 

	 	(p)	all Collateral Support and Supporting Obligations relating to any of the foregoing; and 

  

	 	(q)	all Proceeds of each of the foregoing and all accessions to, substitutions and replacements for and rents, profits and products of or in respect of any of the foregoing, and any and all Proceeds of any insurance,
indemnity, warranty or guaranty payable to any Grantor from time to time with respect to the foregoing. 

  

	Section 2.2	Certain Exclusions 

 Notwithstanding anything herein to the contrary, in no event shall the term
“Collateral” include, and no Grantor shall be deemed to have granted a Security Interest in, any of its right, title or interest in any Excluded Assets (but only for so long as such property shall constitute Excluded Assets);
provided that, in any event, the Pledged Stock, Pledged Partnership Interests, and Pledged LLC Interests identified on Schedule 3.6 to the Pledge and Security Disclosure Letter hereof shall constitute “Collateral”. 

  
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	Section 2.3	Certain Limitations 

 Unless an Event of Default has occurred and is continuing, subject to the express
provisions of this Agreement and the other Credit Documents, each Grantor shall be entitled to deal with its Intellectual Property in the ordinary course of business and, if the Security Interest restricts any Grantor from any such dealings, it
shall notify the Collateral Agent and the Collateral Agent may determine, in its reasonable discretion, to release the Security Interest to the extent necessary to eliminate such restrictions. 

 

	Section 2.4	Grantors Remain Liable 

  

	 	(a)	Anything contained herein to the contrary notwithstanding, subject to the terms of the Credit Agreement: 

  

	 	(i)	each Grantor shall remain liable under any contracts and agreements included in the Collateral, to the extent set forth therein, to perform all of its duties and obligations thereunder to the same extent as if this
Agreement had not been executed; 

  

	 	(ii)	the exercise by the Collateral Agent of any of its rights hereunder shall not release any Grantor from any of its duties or obligations under any contracts and agreements included in the Collateral; and

  

	 	(iii)	neither the Collateral Agent nor any other Secured Party shall have any obligation or liability under any contracts and agreements included in the Collateral by reason of this Agreement, nor shall the Collateral Agent
or any other Secured Party be obligated to perform any of the obligations or duties of any Grantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder. 

 

	 	(b)	Neither the Collateral Agent nor any other Secured Party nor any purchaser at a foreclosure sale under this Agreement shall be obligated to assume any obligation or liability under any contracts and agreements included
in the Collateral unless the Collateral Agent, such other Secured Party or such purchaser, as the case may be, otherwise expressly agrees in writing to assume any or all of said obligations. 

  
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 SECTION 3 

REPRESENTATIONS AND WARRANTIES 
 Each
Grantor represents and warrants to the Collateral Agent and the other Secured Parties, on and as of the Closing Date, that: 
  

	Section 3.1	Title 

 Such Grantor owns the Collateral purported to be owned by it free and clear of any and all Liens,
other than Permitted Liens. Such Grantor has not filed or consented to the filing of (a) any financing statement or analogous document under the UCC or any other applicable laws covering any Collateral, (b) any assignment in which such
Grantor assigns any Collateral or any security agreement or similar instrument covering any Collateral with any Intellectual Property Registry in any jurisdiction or (c) any assignment in which such Grantor assigns any Collateral or any
security agreement or similar instrument covering any Collateral with any foreign governmental, municipal or other office, which financing statement or analogous document, assignment, security agreement or similar instrument is still in effect,
except, in each case, for (x) filings with respect to Permitted Liens, (y) filings with respect to Asset Sales permitted under Section 6.08 of the Credit Agreement or transactions not constituting Asset Sales pursuant to the
definition of Asset Sale and (z) any financing statement or analogous document, assignment, security agreement or similar instrument or Record evidencing Liens being terminated on or prior to the date hereof. 

 

	Section 3.2	Names, Locations 

  

	 	(a)	Schedule 3.2 to the Pledge and Security Disclosure Letter sets forth with respect to such Grantor under the heading “Names”, (i) its exact legal name, as such name appears in the public record of its
Jurisdiction of Organization which shows such Grantor to have been organized, (ii) each other legal name that such Grantor has had in the past five years, together with the date of the relevant change (if applicable), (iii) the United
States federal employer identification number of such Grantor (if any) and (iv) the jurisdiction of organization of such Grantor and its organizational identification number or statement that such Grantor has no such number. 

 

	 	(b)	Schedule 3.2 to the Pledge and Security Disclosure Letter sets forth with respect to such Grantor under the heading “Locations”, the chief executive office and “location” (within the meaning of
Section 9-307 of the UCC) of such Grantor. Except as set forth on Schedule 3.2 to the Pledge and Security Disclosure Letter under the heading “Changes in Jurisdiction of Organization, Chief Executive Office, ‘Location’ Under
Section 9-307 of the UCC, Identity or Organizational Structure”, such Grantor has not changed its jurisdiction of organization, chief executive office or other such “location” in the past five years. 

  
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	 	(c)	Schedule 3.2 to the Pledge and Security Disclosure Letter sets forth with respect to such Grantor under the heading “Third Parties Holding Collateral”, the names and addresses of all persons other than such
Grantor or the Collateral Agent that have actual possession of any of the Collateral of such Grantor having a book value greater than $1,000,000 individually or $5,000,000 in the aggregate at any time. 

 

	 	(d)	Except as set forth on Schedule 3.2 to the Pledge and Security Disclosure Letter under the heading “Changes in Jurisdiction of Organization, Chief Executive Office, “Location” Under Section 9-307 of
the UCC, Identity or Organizational Structure”, such Grantor has not changed its identity or organizational structure in any way in the past five years. Changes in identity or organizational structure would include mergers, consolidations and
acquisitions, as well as any change in the form or jurisdiction of organization of such Grantor. If any such change has occurred, Schedule 3.2 to the Pledge and Security Disclosure Letter sets forth the date of such change and the exact legal name
of each acquiree or constituent party to a merger or consolidation. 

  

	Section 3.3	Filings, Consents 

 Attached hereto as Exhibit E are copies of all UCC financing statements required to
be filed in each relevant jurisdiction in respect of the grant of Security Interest herein. Such financing statements are all of the filings that are necessary to perfect a Security Interest in favor of the Collateral Agent (for the benefit of the
Secured Parties) in respect of all Collateral in which the Security Interest may be perfected by the filing of a UCC-1. 
  

	Section 3.4	Security Interests 

 The Security Interest constitutes legal and valid security interests in all
Collateral that is subject to Article 8 or Article 9 of the UCC securing the payment and performance of the Secured Obligations. Subject to the completion of the filings described in Section 3.3 and to value being given, the Security Interest
is, and shall be, a validly created and perfected security interest in all Collateral in which a security interest may be perfected by filing of a financing statement in the United States pursuant to the UCC, prior to any other Lien on any of the
Collateral, other than Permitted Liens that have priority as a matter of law. 
  

	Section 3.5	Accounts Receivable 

 No Account Receivable constituting Collateral of an amount greater than $1,000,000
individually and $5,000,000 in the aggregate is evidenced by, or constitutes an Instrument or Chattel Paper that has not been delivered to, or otherwise subjected to the control (within the meaning of Section 9-105 of the UCC) of, the
Collateral Agent to the extent required by, and in accordance with, Section 4.6. 

  
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	Section 3.6	Pledged Collateral, Deposit Accounts 

  

	 	(a)	Schedule 3.6 to the Pledge and Security Disclosure Letter sets forth under the headings “Securities Accounts” and “Commodity Accounts,” respectively, all of the Securities Accounts and Commodity
Accounts in which such Grantor has an interest. Such Grantor is the sole entitlement holder of each such Securities Account and Commodity Account and such Grantor has not consented to, and is not otherwise aware of, any person (other than the
Collateral Agent pursuant to this Agreement) having “control” (as defined in Sections 8-106 and 9-106 of the UCC) over, or any other interest in, any such Securities Account or Commodity Account or any Securities or other property credited
thereto, in each case subject to Permitted Liens. Each Control Account listed on Schedule 3.6 to the Pledge and Security Disclosure Letter and designated with an asterisk is an Excluded Control Account on and as of the Closing Date.

  

	 	(b)	Schedule 3.6 to the Pledge and Security Disclosure Letter sets forth under the heading “Deposit Accounts” all of the Deposit Accounts in which such Grantor has an interest and such Grantor is the sole account
holder of each such Deposit Account and such Grantor has not consented to, and is not otherwise aware of, any person (other than the Collateral Agent pursuant to this Agreement) having “control” (as defined in Section 9-104 of the
UCC) over, or any other interest in, any such Deposit Account or any money or other property deposited therein, in each case subject to Permitted Liens. Each Deposit Account listed on Schedule 3.6 to the Pledge and Security Disclosure Letter and
designated with an asterisk is an Excluded Deposit Account on and as of the Closing Date. 

  

	 	(c)	Schedule 3.6 to the Pledge and Security Disclosure Letter sets forth under the heading “Pledged Notes” all of the Pledged Notes. 

 

	 	(d)	Schedule 3.6 to the Pledge and Security Disclosure Letter sets forth under the headings “Pledged Stock,” “Pledged Partnership Interests” and “Pledged LLC Interests,” respectively, all
Pledged Stock, Pledged Partnership Interests and Pledged LLC Interests of such Grantor. The Pledged Stock, Pledged Partnership Interests and Pledged LLC Interests pledged hereunder by each Grantor constitute, as of the date hereof, that percentage
of the issued and outstanding equity of all classes of each issuer thereof as set forth on Schedule 3.6 to the Pledge and Security Disclosure Letter. Schedule 3.6 to the Pledge and Security Disclosure Letter identifies any such Pledged Stock,
Pledged Partnership Interests or Pledged LLC Interests that are represented by Certificated Securities. 

  
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	 	(e)	All of the Pledged Stock, Pledged Partnership Interests and Pledged LLC Interests have been duly and validly issued and, to the extent applicable, are fully paid and nonassessable. 

 

	 	(f)	As of the date hereof, no person other than such Grantor (or its agent or designee) or the Collateral Agent has “control” (as defined in Sections 8-106 and 9-106 of the UCC) over any Pledged Collateral of such
Grantor and, other than the Pledged Partnership Interests and the Pledged LLC Interests that constitute General Intangibles, there is no Pledged Collateral other than (i) Pledged Collateral that is represented by Certificated Securities,
Instruments or Tangible Chattel Paper that are (or will be) in the possession of the Collateral Agent (or its agent or designee) and (ii) Pledged Collateral held in a Control Account, in each case except as permitted by this Agreement.

  

	 	(g)	[Reserved] 

  

	 	(h)	There are no restrictions on transfer in the LLC Agreement governing any Pledged LLC Interests or in the Partnership Agreement governing any Pledged Partnership Interests or in any stockholders’ agreement or other
similar agreement governing the Pledged Collateral which would limit or restrict (i) the grant of a security interest in the Pledged LLC Interests, the Pledged Partnership Interests or the Pledged Stock, (ii) the perfection of such
security interest, (iii) the exercise of remedies in respect of such perfected security interest in the Pledged LLC Interests, the Pledged Partnership Interests or the Pledged Stock or (iv) the transfer of the Pledged LLC Interests, the
Pledged Partnership Interests or the Pledged Stock, in each case as contemplated by this Agreement. Further, the terms of any Pledged LLC Interests and Pledged Partnership Interests either (i) (A) expressly provide, and any certificates
representing such Pledged LLC Interests or Pledged Partnership Interests expressly provide, that they are securities governed by Article 8 of the Uniform Commercial Code in effect from time to time in any jurisdiction, including, without limitation,
the “issuer’s jurisdiction” (as such term is defined in the UCC in effect in such jurisdiction) of each issuer thereof, and (B) certificates have been issued representing such Pledged LLC Interests or Partnership Interests and
such certificates have been delivered to the Collateral Agent (or its agent or designee) in a form reasonably satisfactory to the Collateral Agent and accompanied by such instruments of transfer as required pursuant to Section 4.7 hereof, or
(ii) (A) are not traded on securities exchanges or in securities markets, (B) are not “investment company securities” (as defined in Section 8-103(b) of the UCC and (C) do not provide, in the related LLC Agreement
or Partnership Agreement, as applicable, certificates, if any, representing such Pledged LLC Interests or Pledged Partnership Interests, as applicable, or otherwise that they are securities governed by the Uniform Commercial Code of any
jurisdiction. 

  
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	 	(i)	To the knowledge of the relevant Grantor, each of the Pledged Notes constitutes the legal and valid obligation of the obligor with respect thereto, enforceable in accordance with its terms, subject to the effects of
bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally, and general equitable principles (whether considered in a proceeding in equity or at law).

  

	Section 3.7	Intellectual Property 

  

	 	(a)	Schedule 3.7 to the Pledge and Security Disclosure Letter (as such schedule may be amended or supplemented from time to time) sets forth a true and complete list of (i) all United States, state and foreign
registrations of and applications for Patents, Trademarks and Copyrights owned by such Grantor and (ii) all Patent Licenses, Trademark Licenses, Copyright Licenses and Trade Secret Licenses pursuant to which such Grantor receives an exclusive
license from any Person. 

  

	 	(b)	Such Grantor is the sole and exclusive owner of the entire right, title, and interest in and to all Intellectual Property (other than licenses of Intellectual Property) listed on Schedule 3.7 to the Pledge and Security
Disclosure Letter (as such schedule may be amended or supplemented from time to time), and such Grantor owns or has the valid right to use all other Intellectual Property material to the business of Borrower and its Restricted Subsidiaries, taken as
a whole, free and clear of all Liens, claims and encumbrances, except for Permitted Liens. 

  

	 	(c)	All Intellectual Property owned by such Grantor is subsisting and has not been adjudged invalid or unenforceable, in whole or in part, nor, in the case of Patents, is any of the Intellectual Property the subject of a
reexamination, inter parties review or other similar proceeding, except in each case as could not reasonably be expected to materially and adversely impact the business of the Borrower and its Restricted Subsidiaries, taken as a whole, and such
Grantor has performed all acts and has paid all renewal, maintenance, and other fees and taxes required to maintain in full force and effect each and every registration and application of Intellectual Property that is owned by and material to the
business of such Grantor. 

  

	 	(d)	All Intellectual Property owned by such Grantor material to the business of Borrower and its Restricted Subsidiaries, taken as a whole, is valid and enforceable. 

 

	 	(e)	No holding, decision, or judgment has been rendered in any action or proceeding before any court or administrative authority challenging the validity, enforceability or scope of, or such Grantor’s right to
register, own or use, any Intellectual Property, and no such action or proceeding is pending or, to the best of such Grantor’s knowledge, threatened in writing, except, in each case, as could not reasonably be expected to have a Material
Adverse Effect. 

  
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	 	(f)	All registrations and applications for any Copyrights, Patents and Trademarks owned by such Grantor and material to the business of, the Borrower and its Restricted Subsidiaries, taken as a whole, are standing in the
name of such Grantor, and no Trademarks, Patents, Copyrights or Trade Secrets have been exclusively licensed by such Grantor to any affiliate or third party, except as disclosed in Schedule 3.7 to the Pledge and Security Disclosure Letter (as such
schedule may be amended or supplemented from time to time). 

  

	 	(g)	Such Grantor has been using appropriate statutory notice of registration in connection with its use of registered Trademarks, proper marking practices in connection with the use of Patents, and appropriate notice of
copyright in connection with the publication of Copyrights, except in each case to the extent that any failure to so comply would not have a material and adverse impact on the business of the Borrower and its Restricted Subsidiaries, taken as a
whole. 

  

	 	(h)	Such Grantor controls the nature and quality in accordance with industry standards of all products sold and all services rendered under or in connection with all Trademarks material to the business of the Borrower and
its Restricted Subsidiaries, taken as a whole, in each case consistent with industry standards, and has taken all commercially reasonable action necessary to ensure that all licensees of such Trademarks comply with the applicable standards of
quality of the Borrower or its Restricted Subsidiaries, as applicable. 

  

	 	(i)	Such Grantor has taken commercially reasonable steps to protect the confidentiality of its Trade Secrets constituting Intellectual Property material to the business of the Borrower and its Subsidiaries, taken as a
whole, in accordance with industry standards. 

  

	 	(j)	The conduct of such Grantor’s business does not infringe, misappropriate, dilute or otherwise violate any Trademark, Patent, Copyright, Trade Secret or other Intellectual Property right owned or controlled by any
other Person, except as could not reasonably be expected to result in a Material Adverse Effect. To such Grantor’s knowledge, except as set forth on Schedule 3.7 to the Pledge and Security Disclosure Letter, no claim has been made that the use
of any Intellectual Property owned or used by such Grantor (or any of its respective licensees) infringes, misappropriates, dilutes or otherwise violates the asserted rights of any Person, except as could not reasonably be expected to result in a
Material Adverse Effect. 

  
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	 	(k)	To such Grantor’s knowledge, no Person is infringing, misappropriating, diluting or otherwise violating any rights in any Intellectual Property material to the business of any Grantor and owned, licensed or used by
such Grantor, or any of its respective licensees, except as could not reasonably be expected to materially and adversely impact the business of the Borrower and its Restricted Subsidiaries, taken as a whole. 

 

	 	(l)	No settlement or consents, covenants not to sue, co-existence agreements, non-assertion assurances, or releases have been entered into by such Grantor or bind such Grantor in a manner that could reasonably be expected
to materially and adversely impact the business of Borrower and its Restricted Subsidiaries, taken as a whole (it being understood that such Grantor shall have the right to enter into or become bound by settlements, consents, covenants not to sue,
co-existence agreements, non-assertion assurances or releases that such Grantor determines in good faith are desirable and in the best interests of the business of Borrower and its Subsidiaries). 

SECTION 4 
 COVENANTS

  

	Section 4.1	Change of Name; Place of Business 

 Unless a Grantor has given the Collateral Agent at least 10 days
prior written notice (or such shorter period in advance of such change as the Collateral Agent may agree in its sole discretion), such Grantor will not change (i) its legal name, (ii) its jurisdiction of organization, (iii) in the
case of a Grantor that is not a registered organization formed under the law of a state of the United States, the location of its chief executive office or “location” (within the meaning of Section 9-307 of the UCC), (iv) its
type of organization or (v) its organizational identification number (if any) or federal employer identification number (if any). Each Grantor agrees to cooperate with the Collateral Agent in making all filings that are required in order for
the Collateral Agent to continue at all times following any such change to have a legal, valid and perfected Security Interest (subject to Permitted Liens) in all the Collateral. 

 

	Section 4.2	Periodic Certification 

 In accordance with Section 5.01(k) of the Credit Agreement and from time to
time as requested by the Collateral Agent following the occurrence and during the continuance of an Event of Default, each Grantor shall promptly deliver to the Collateral Agent the information required by Section 5.01(k) of the Credit
Agreement and a Security Supplement, together with all amendments or supplements to the schedules to the Pledge and Security Disclosure Letter. 

  
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	Section 4.3	Protection of Security 

 Each Grantor shall, at its own cost and expense, take (a) any and all
actions necessary or reasonably requested by the Collateral Agent to maintain the Security Interest of the Collateral Agent in the Collateral and the priority thereof against any Lien (except Permitted Liens) and (b) all commercially reasonable
actions to defend the Collateral and such Security Interest against the claims and demands of all persons, subject in each case to such claims or demands permitted by the Credit Agreement and the rights (if any) of such Grantor under the Credit
Documents to dispose of Collateral. Except as permitted by the Credit Agreement and the express rights (if any) of such Grantor under the Credit Documents to dispose of Collateral, or otherwise consented to by the Collateral Agent, no Grantor shall
take or cause to be taken any action that could be reasonably expected to impair the Collateral Agent’s rights in the Collateral. 
  

	Section 4.4	Insurance 

 Each Grantor irrevocably makes, constitutes and appoints the Collateral Agent (and all
officers, employees or agents designated by the Collateral Agent) as such Grantor’s true and lawful agent (and attorney-in-fact) for the purpose of making, settling and adjusting claims in respect of the Collateral under Insurance, endorsing
the name of such Grantor on any check, draft, instrument or other item of payment for the Proceeds of such Insurance and for making all determinations and decisions with respect thereto; provided, however, that the Collateral Agent
shall not take any of such actions until after the occurrence and during the continuance of an Event of Default. In the event that any Grantor at any time or times shall fail to obtain or maintain any of the Insurance required by the Credit
Agreement or to pay any premium in whole or part relating thereto, the Collateral Agent may, without waiving or releasing any obligation or liability of such Grantor hereunder or without waiving any Event of Default, in its sole discretion and at
such Grantor’s expense, obtain and maintain such Insurance and pay such premium and take any other actions with respect thereto as the Collateral Agent deems advisable. 
  

	Section 4.5	Equipment and Inventory 

  

	 	(a)	Each Grantor hereby covenants and agrees that except as permitted by the Credit Agreement, it shall not deliver any Document evidencing any of its Equipment or Inventory to any person other than (i) the issuer of
such Document to claim the Goods evidenced thereby, (ii) the Collateral Agent (or its agent or designee) or (iii) any other Grantor. 

  

	 	(b)	 Each Grantor hereby covenants and agrees that, upon the occurrence and during the continuance of an Event of Default, such Grantor shall not permit
any Equipment, Inventory or other Goods located in the United States of such Grantor having a value greater than $1,000,000, individually, or $5,000,000, in the aggregate, to be in the possession or control of any third party (including

  
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warehousemen, bailees, agents or processors) at any time, unless such third party shall have been notified of the Collateral Agent’s Security Interest and such Grantor shall have used
commercially reasonable efforts to obtain from such third party a written acknowledgement and agreement to hold such Equipment, Inventory or other Goods for the Collateral Agent’s benefit and subject to the Security Interest and the
instructions of the Collateral Agent and to waive and release any Lien held by it with respect to such Equipment, Inventory or other Goods, whether arising by operation of law or otherwise. The requirements of this Section 4.5(b) shall not
apply to Equipment, Inventory or other Goods in transit, out for repair or at other locations for purposes of onsite maintenance, repair or demonstration, movable computer equipment and related hardware and software that is temporarily removed by
employees or Equipment consisting of tools leased by Grantor to its customers, in each case in the ordinary course of the applicable Grantor’s business. 

  

	Section 4.6	Accounts Receivable 

  

	 	(a)	Each Grantor hereby covenants and agrees that it shall keep and maintain at its own cost and expense records of its Accounts Receivable, and its material dealings therewith, in each case consistent with such
Grantor’s ordinary course of business and complete and accurate in all material respects. At any time following the occurrence and during the continuance of an Event of Default, upon the Collateral Agent’s request and at the expense of the
relevant Grantor, such Grantor shall promptly (i) cause independent public accountants or others reasonably satisfactory to the Collateral Agent to furnish to the Collateral Agent reports showing reconciliations, aging and test verifications
of, and trial balances for, the Accounts Receivable, (ii) deliver to the Collateral Agent all original and other documents evidencing, and relating to, the agreements and transactions which gave rise to the Accounts Receivable, including all
original orders, invoices and shipping receipts and (iii) furnish to the Collateral Agent the contact information and other information regarding any Account Debtor under any Accounts Receivable. 

 

	 	(b)	 The Collateral Agent shall have the right at any time following the occurrence and during the continuance of an Event of Default to notify (with a
copy to the relevant Grantor), or require any Grantor to notify, any Account Debtor of the Collateral Agent’s Security Interest in the Accounts Receivable and any Supporting Obligation and the Collateral Agent may in such circumstances:
(i) direct the Account Debtors under any Accounts Receivable to make payment of all amounts due or to become due to any Grantor thereunder directly to the Collateral Agent, (ii) notify, or require a Grantor to notify, each person
maintaining a lockbox or similar arrangement to which Account Debtors under any Accounts Receivable have been directed to make payment to remit all amounts representing collections on checks and other payment items from time to

  
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time sent to or deposited in such lockbox or other arrangement directly to the Collateral Agent, (iii) communicate with obligors under the Accounts Receivable to verify with them to the
Collateral Agent’s satisfaction the existence, amount and terms of any Accounts Receivable and (iv) enforce, at the expense of any Grantor, collection of any such Accounts Receivable and to adjust, settle or compromise the amount or
payment thereof. If the Collateral Agent notifies a Grantor that it has elected to collect the Accounts Receivable in accordance with the preceding sentence, any payments of Accounts Receivable received by such Grantor shall be deposited promptly
(and in any event within two Business Days after the Collateral Agent notifies the Grantor of the account details of the Cash Collateral Account and accompanied by a report identifying in reasonable detail the nature and source of the payments
included in the deposit) by such Grantor in the exact form received, duly indorsed by such Grantor to the Collateral Agent or in blank, if required, in a Cash Collateral Account maintained under the sole dominion and control of the Collateral Agent
and until so turned over, all amounts and Proceeds (including cash, checks, non-cash items and other instruments) received by such Grantor in respect of the Accounts Receivable, any Supporting Obligation or Collateral Support shall be received in
trust for the benefit of the Collateral Agent hereunder and shall be segregated from other funds of such Grantor and the Grantor shall not adjust, settle or compromise the amount or payment of any Accounts Receivable, or release wholly or partly any
Account Debtor or obligor thereof, or allow any credit or discount thereon without the prior written consent of the Collateral Agent. All amounts and Proceeds while held by the Collateral Agent (or by a Grantor in trust for the Collateral Agent and
the Secured Parties) shall continue to be held as collateral security for all of the Secured Obligations and shall not constitute payment thereof until applied as provided in Section 7.3 hereof. 

 

	 	(c)	If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other person to secure payment and performance of an Account in excess of $1,000,000, to the extent permissible under
the document granting a security interest without the requirement of any notice to, or consent or other action by, such Account Debtor or such other person, such Grantor shall promptly assign such security interest to the Collateral Agent. Such
assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other person granting the security interest. 

 

	 	(d)	 With respect to any Accounts Receivable in excess of $1,000,000 individually or $1,000,000 in the aggregate that is evidenced by, or constitutes,
Chattel Paper, each Grantor shall cause each originally executed copy thereof to be delivered to the Collateral Agent (or its agent or designee) appropriately indorsed to the Collateral Agent or indorsed in blank: (i) with respect to any such
Accounts Receivable in existence on the date hereof, on or prior to the date hereof and (ii) with respect to any such Accounts Receivable hereafter arising, as soon as 

  
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practicable, and in any event within ten days of such Grantor acquiring rights therein. With respect to any Accounts Receivable in excess of $1,000,000 individually or $5,000,000 in the aggregate
that constitutes Electronic Chattel Paper, each Grantor shall take all steps necessary to give the Collateral Agent “control” (as defined in Section 9-105 of the UCC) over such Accounts Receivable (x) with respect to any such
Accounts Receivable in existence on the date hereof, on or prior to the date hereof and (y) with respect to any such Accounts Receivable hereafter arising, within ten days of such Grantor acquiring rights therein. Any Accounts Receivable not
otherwise required to be delivered or subjected to the control of the Collateral Agent in accordance with this Section 4.6 shall be delivered or subjected to such control upon the request of the Collateral Agent following the occurrence and
continuance of an Event of Default. 

  

	Section 4.7	Pledged Collateral, Deposit Accounts 

  

	 	(a)	Except as permitted by the Credit Agreement, each Grantor hereby covenants and agrees that, without the prior written consent of the Collateral Agent, it shall not vote or take any other action to amend or terminate any
Partnership Agreement, LLC Agreement, certificate of incorporation, by-laws or other Organizational Documents in any way that adversely affects the validity, perfection or priority of the Collateral Agent’s Security Interest. Each Grantor
hereby covenants and agrees that, on or after the date hereof, without the prior written consent of the Collateral Agent, it will not designate or specify in any applicable document or contract that any of the Pledged LLC Interests or the Pledged
Partnership Interests are governed by Article 8 of the UCC unless it shall cause certificates to be issued in respect of such Equity Interest and deliver such certificates to the Collateral Agent in accordance with the terms of
Section 4.7(e)(iii) hereof. 

  

	 	(b)	[Reserved] 

  

	 	(c)	 Each Grantor hereby covenants and agrees that, in the event it establishes or acquires rights in any Pledged Stock, Pledged Partnership Interests, or
Pledged LLC Interests (or any certificates or other instruments representing any of the foregoing) constituting Collateral, or any Securities Accounts, Commodity Accounts or Deposit Accounts (other than any Excluded Deposit Accounts or Excluded
Control Accounts) or any Excluded Deposit Account ceases to be an Excluded Deposit Account or any Excluded Control Account ceases to be an Excluded Control Account or any Immaterial Subsidiary (the Equity Interests in which are held by such Grantor)
ceases to be an Immaterial Subsidiary (other than due to designation as an Unrestricted Subsidiary), in each case during any fiscal quarter of the Grantors ending after the date of this Agreement, such Grantor shall deliver to the Collateral Agent,
not later than the delivery of the Compliance Certificate of such fiscal quarter (or such later date as is acceptable to the Collateral Agent in its sole discretion), a completed Security Supplement together

  
 24 

	 	
with all supplements to the relevant Pledge and Security Disclosure Letter, reflecting such new Pledged Stock, Pledged Partnership Interests, Pledged LLC Interests (or any certificates or other
instruments representing any of the foregoing), Securities Accounts, Commodity Accounts or Deposit Accounts (with each Excluded Deposit Account or Excluded Control Account listed in such supplements to the Pledge and Security Disclosure Letter being
indicated by an asterisk). Notwithstanding the foregoing, it is understood and agreed that the Security Interest of the Collateral Agent shall attach to all Pledged Collateral, Securities Accounts, Commodities Accounts and Deposit Accounts (other
than Excluded Deposit Accounts and Excluded Control Accounts) constituting Collateral immediately upon such Grantor’s acquisition of rights therein and shall not be affected by the failure of such Grantor to deliver a supplement to Schedule 3.6
to the Pledge and Security Disclosure Letter as required hereby. 

  

	 	(d)	Each Grantor hereby covenants and agrees that it shall enforce its rights with respect to any Pledged Collateral, Deposit Accounts, Commodity Accounts and Securities Accounts as is consistent with its ordinary course of
business. 

  

	 	(e)	Each Grantor agrees that with respect to (x) any Securities Accounts, Commodity Accounts or Deposit Accounts (other than Excluded Deposit Accounts and Excluded Control Accounts) listed on Schedule 3.6 to the Pledge
and Security Disclosure Letter on the date of this Agreement, it will comply with the provisions of this Section 4.7(e) promptly, and in any event no later than the date set forth on Schedule 5.12 to the Credit Agreement, and (y) any
Pledged Collateral and any Securities Account, Commodities Account or Deposit Account (other than Excluded Deposit Accounts and Excluded Control Accounts) constituting Collateral not listed on Schedule 3.6 to the Pledge and Security Disclosure
Letter on the date of this Agreement, it shall comply with the provisions of this Section 4.7(e) promptly, and in any event within 15 days (or, in the case of Securities Accounts, Commodity Accounts or Deposit Accounts (other than Excluded
Deposit Accounts and Excluded Control Account), 30 days) (or such later date as is acceptable to the Collateral Agent in its sole discretion) of such Grantor acquiring rights therein (or of any Deposit Account ceasing to be an Excluded Deposit
Account or any Control Account ceasing to be an Excluded Control Account or, with respect to the Equity Interests held by such Grantor in an Immaterial Subsidiary, the applicable Immaterial Subsidiary ceasing to be an Immaterial Subsidiary other
than due to designation as an Unrestricted Subsidiary), in each case in form and substance reasonably satisfactory to the Collateral Agent. 

  

	 	(i)	With respect to any Pledged Collateral consisting of Securities Accounts, Securities Entitlements, Commodity Accounts or Commodity Contracts it shall use commercially reasonable efforts to cause the Securities
Intermediary or Commodity Intermediary, as applicable, maintaining such Securities Account, Securities Entitlement or Commodity Account to enter into a Control Account Agreement. 

  
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	 	(ii)	With respect to any Deposit Account (other than any Excluded Deposit Account), it shall use commercially reasonable efforts to cause the depositary institution maintaining such account to enter into a Deposit Account
Control Agreement. 

  

	 	(iii)	With respect to any Pledged Collateral constituting Certificated Securities and any Instruments or Tangible Chattel Paper acquired or pledged on or after the date hereof, other than as agreed to by the Collateral Agent
in its reasonable discretion, it shall promptly deliver or cause to be delivered to the Collateral Agent (or its agent or designee) all such Certificated Securities, Instruments and Tangible Chattel Paper, stock powers duly executed in blank or
other instruments of transfer reasonably satisfactory to the Collateral Agent and all other instruments and documents as the Collateral Agent may reasonably request or that are necessary to give effect to the pledge granted hereby.

  

	 	(iv)	With respect to any Pledged Collateral constituting Uncertificated Securities, upon the reasonable request of the Collateral Agent, it shall cause the issuer thereof either (i) to register the Collateral Agent as
the registered owner of such Uncertificated Security, upon original issue or registration of transfer or (ii) to promptly (but in any event within 30 days of such request) agree in writing with such Grantor and the Collateral Agent that such
issuer will comply with instructions originated by the Collateral Agent with respect to such Uncertificated Security without further consent of such Grantor, such agreement to be in form and substance reasonably satisfactory to the Collateral Agent.

  

	 	(v)	Upon the occurrence and during the continuance of an Event of Default, the Collateral Agent shall have the right, without notice to the Grantors, to (A) transfer all or any portion of the Pledged Collateral to its
name or the name of its nominee or agent and (B) exchange any certificates or Instruments representing any Investment Property for certificates or Instruments of smaller or larger denominations. Notwithstanding anything to the contrary set
forth in any Deposit Account Control Agreement, Control Account Agreement or elsewhere, the Collateral Agent agrees not to deliver any notice of exclusive control (or equivalent) or similar instructions to any relevant depositary institution,
Securities Intermediary or Commodity Intermediary (as applicable) unless an Event of Default has occurred and is continuing. 

  
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	 	(f)	Voting and Distributions 

  

	 	(i)	So long as no Event of Default shall have occurred and be continuing: 

  

	 	(A)	except as otherwise provided in this Section 4.7 or elsewhere herein or in the Credit Agreement, each Grantor shall be entitled to exercise or refrain from exercising any and all voting and other consensual rights
pertaining to the Pledged Collateral or any part thereof for any purpose not inconsistent with the terms of this Agreement, the Credit Agreement or the other Credit Documents; unless the result thereof could reasonably be expected to materially and
adversely affect the rights and remedies of any of the Secured Parties under this Agreement, the Credit Agreement or any other Credit Document or the ability of the Secured Parties to exercise the same; 

 

	 	(B)	the Collateral Agent shall promptly execute and deliver (or cause to be executed and delivered) to each Grantor all proxies and other instruments as such Grantor may from time to time reasonably request for the purpose
of enabling such Grantor to exercise the voting and other consensual rights when and to the extent that it is entitled to exercise the same pursuant to clause (f)(i)(A) above and to receive the cash Dividends that it is entitled to receive pursuant
to clause (f)(i)(C) below; and 

  

	 	(C)	 each Grantor shall be entitled to receive and retain any and all cash Dividends, interest, principal, distributions, Securities or other property paid
on the Pledged Collateral to the extent and only to the extent that such cash Dividends, interest, principal, distributions, Securities or other property are permitted by, and otherwise paid in accordance with, the terms and conditions of the Credit
Agreement, the other Credit Documents and applicable laws. All noncash Dividends, interest, principal, distributions, Securities or other property, and all Dividends, interest, principal, distributions, Securities or other property paid or payable
in cash or otherwise in connection with a partial or total liquidation or dissolution, return of capital, capital surplus or paid-in surplus, and all other distributions (other than distributions referred to in the preceding sentence) made on or in
respect of the Pledged Collateral, whether paid or payable in cash or otherwise, whether resulting from a subdivision, combination or reclassification of the outstanding Stock of the issuer of any Pledged Collateral or received in exchange for
Pledged Collateral or any part thereof, or in redemption thereof, or as a result of any merger, consolidation, 

  
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acquisition or other exchange of assets to which such issuer may be a party or otherwise, shall be and become part of the Collateral (subject to Section 2.2) without any further action. Such
Grantor shall take all steps, if any, necessary or reasonably requested by the Collateral Agent pursuant to the terms of this Agreement to ensure that the Collateral Agent obtains a valid and perfected security interest in and, if applicable,
“control” (as defined in Article 8 or Article 9 of the UCC, as applicable) over such noncash Dividends, interest, principal, distributions, Securities or other property (including delivery thereof to the Collateral Agent (or its agent or
designee)) constituting Collateral and pending any such action such Grantor shall be deemed to hold such noncash Dividends, interest, principal, distributions, Securities or other property in trust for the benefit of the Collateral Agent and, to the
extent necessary to create and/or maintain the validity, perfection or priority of the Security Interest in such property shall be segregated from all other property of such Grantor. 

 

	 	(ii)	Upon the occurrence and during the continuance of an Event of Default: 

  

	 	(A)	upon written notice by the Collateral Agent to the Grantors, all rights of the Grantors to exercise or refrain from exercising the voting and other consensual rights that they would otherwise be entitled to exercise
pursuant hereto shall cease and all such rights shall thereupon become vested in the Collateral Agent who shall thereupon have the sole right to exercise such voting and other consensual rights; provided that, subject to the terms of the
Credit Agreement, the Collateral Agent shall have the right from time to time following the occurrence and during the continuance of an Event of Default to permit the Grantors to exercise such rights; 

 

	 	(B)	in order to permit the Collateral Agent to exercise the voting and other consensual rights that it may be entitled to exercise pursuant hereto and to receive all Dividends, interest and other distributions that it may
be entitled to receive hereunder: (1) the Grantors shall promptly execute and deliver (or cause to be executed and delivered) to the Collateral Agent (or its agent or designee) all proxies, Dividend payment orders and other instruments as the
Collateral Agent may from time to time reasonably request and (2) each Grantor acknowledges that the Collateral Agent may utilize the power of attorney set forth in Section 6.1; and 

 

	 	(C)	 upon written notice by the Collateral Agent to the Grantors, all rights of the Grantors to Dividends, interest or principal that any

  
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Grantor is authorized to receive pursuant to clause (f)(i)(C) above shall cease, and all such rights shall thereupon become vested in the Collateral Agent, which shall have the sole and exclusive
right and authority to receive and retain such Dividends, interest or principal. 

 After all Event of Defaults have been cured or waived or
the underlying notice (if applicable) has been rescinded, each Grantor will have the right to exercise the voting and consensual rights and powers that it would otherwise be entitled to exercise pursuant to the terms of clause (f)(i) above. 

 

	Section 4.8	Intellectual Property 

  

	 	(a)	In the case of any Collateral (whether now owned or hereafter acquired) consisting of registrations of or applications for U.S. Patents, Trademarks and Copyrights, each Grantor shall execute and deliver to the
Collateral Agent short-form security agreements substantially in the form of Exhibit F-1, Exhibit F-2 or Exhibit F-3 (each, an “Intellectual Property Security Agreement”) covering all such Patents, Trademarks and Copyrights,
respectively, in appropriate form for recordation with the United States Patent and Trademark Office or United States Copyright Office with respect to the security interest of the Collateral Agent to the extent requested by the Collateral Agent on
the Closing Date or pursuant to paragraph (b) below. 

  

	 	(b)	In the event that any Grantor, either itself or through any agent, employee, licensee or designee, files or acquires a registration of or application for any U.S. Patent, Trademark or Copyright with the United States
Patent and Trademark Office, United States Copyright Office or any office or agency in any political subdivision of the United States during any fiscal quarter, such Grantor shall deliver to the Collateral Agent a completed Security Supplement
together with all supplements to the Disclosure Letter not later than the delivery of the Compliance Certificate for such fiscal quarter, and shall execute and deliver any and all agreements, instruments, documents and papers as the Collateral Agent
may reasonably request to evidence the Collateral Agent’s Security Interest in such Patent, Trademark or Copyright, including an Intellectual Property Security Agreement. 

 

	 	(c)	Upon the occurrence and during the continuance of an Event of Default, each Grantor shall use commercially reasonable efforts to obtain all requisite consents or approvals by the licensor of each Copyright License,
Patent License, Trademark License or Trade Secret License to effect the assignment of all of such Grantor’s right, title and interest thereunder to the Collateral Agent or its designee. 

  
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	Section 4.9	Covenants in Credit Agreement 

 Each Grantor shall take, or refrain from taking, as the case may be, each
action that is necessary to be taken or not taken, so that no breach of the covenants in the Credit Agreement pertaining to actions to be taken, or not taken, by such Grantor will result. 

SECTION 5 
 FURTHER
ASSURANCES; ADDITIONAL GRANTORS 
  

	Section 5.1	Further Assurances 

  

	 	(a)	Each Grantor agrees that from time to time, at its expense, it shall promptly execute and deliver to the Collateral Agent (or its agent or designee) all further instruments and documents and take all further action that
the Collateral Agent may reasonably request, in order to create and/or maintain the validity, perfection or priority of and protect any Security Interest granted or purported to be granted hereby or to enable the Collateral Agent, upon the
occurrence and during the continuance of an Event of Default, to exercise and enforce its rights and remedies hereunder with respect to any Collateral. Without limiting the generality of the foregoing, such Grantor shall: 

 

	 	(i)	execute, acknowledge, deliver or cause to be duly filed (as applicable) all such further instruments, documents, endorsements, powers of attorney or notices, and take all such actions as the Collateral Agent may deem
necessary (by notice to such Grantor) or from time to time reasonably request, to preserve, protect and perfect the Security Interest and the rights and remedies created hereby, including the payment of any fees and taxes required in connection with
the execution and delivery of this Agreement, the granting of the Security Interests and the filing of any financing statements (including fixture filings) or other documents in connection herewith or therewith; 

 

	 	(ii)	take all actions the Collateral Agent may deem necessary (by notice to such Grantor) or from time to time reasonably request, to ensure the recordation of appropriate evidence of the Security Interest granted hereunder
in the Intellectual Property owned by the Grantor with any Intellectual Property Registry in which said Intellectual Property is registered or in which an application for registration is pending; and 

 

	 	(iii)	at the Collateral Agent’s request, appear in and defend any action or proceeding that could reasonably be expected to adversely affect such Grantor’s title to or the Collateral Agent’s Security Interests
in all or any part of the Collateral. 

  
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 Notwithstanding anything contained in this Agreement to the contrary, no Grantor shall be
required to take any action hereunder (including, without limitation, with respect to the perfection or priority of the Security Interest granted herein) to the extent that the cost or burden of such action is excessive in relation to the benefit to
the Secured Parties of the taking of such action as reasonably determined by the Collateral Agent, in consultation with the Borrower. 
  

	 	(b)	All instruments, agreements or other documents executed, authorized or delivered pursuant to Section 5.1(a) shall contain terms and conditions no more onerous or burdensome with respect to any Grantor than the
terms and provisions of this Agreement. Without limiting the generality of the foregoing, each Grantor hereby authorizes the Collateral Agent, following the occurrence and during the continuance of an Event of Default, with notice thereof to such
Grantor, to supplement this Agreement by supplementing the Pledge and Security Disclosure Letter or adding additional schedules hereto to identify specifically any asset or item of Collateral that constitutes Copyrights, Patents or Trademarks or any
exclusive inbound licenses to the foregoing; provided, however, that such Grantor shall have the right, exercisable within five (5) Business Days after notice by the Collateral Agent with respect to such Collateral, to advise the
Collateral Agent in writing of any inaccuracy of the representations and warranties made by such Grantor hereunder with respect to such Collateral. 

  

	 	(c)	Each Grantor hereby authorizes the Collateral Agent, at the expense of the Grantor, to file a Record or Records, including financing statements, continuation statements and, in each case, amendments thereto, in all
United States jurisdictions and with all filing offices as the Collateral Agent may determine, in its reasonable discretion, are necessary or advisable to perfect (or release) the Security Interest granted to the Collateral Agent herein, without the
signature of such Grantor. Such financing statements may describe the Collateral in the same manner as described herein or may contain an indication or description of the Collateral that describes such property in any other manner as the Collateral
Agent may determine, in its reasonable discretion, is necessary, advisable or prudent to ensure the perfection of the Security Interest in the Collateral granted to the Collateral Agent herein, including describing such property as “all assets,
whether now owned or hereafter acquired” or “all personal property, whether now owned or hereafter acquired” or words of similar import. The Collateral Agent agrees to make available copies of all such Records to the applicable
Grantor upon the recordation thereof by each applicable filing office. Each Grantor agrees that a photographic or other reproduction of a financing statement shall be sufficient as a financing statement and may be filed as a financing statement in
the jurisdictions listed in Schedule 3.3 to the Pledge and Security Disclosure Letter. 

  
 31 

	Section 5.2	Additional Grantors 

 From time to time subsequent to the date hereof, additional persons may become
parties hereto as additional Grantors (each, an “Additional Grantor”) by executing a Joinder Agreement. Upon delivery of any such Joinder Agreement to the Collateral Agent, notice of which is hereby waived by the Grantors, each
Additional Grantor shall be a Grantor and shall be as fully a party hereto as if such Additional Grantor were an original signatory hereto. Each Grantor expressly agrees that its obligations arising hereunder shall not be affected or diminished by
the addition or release of any other Grantor hereunder, nor by any election of the Collateral Agent not to cause any Subsidiary to become an Additional Grantor hereunder. This Agreement shall be fully effective as to any Grantor that is or becomes a
party hereto regardless of whether any other person becomes or fails to become or ceases to be a Grantor hereunder. 
 SECTION 6 

COLLATERAL AGENT APPOINTED ATTORNEY-IN-FACT 
  

	Section 6.1	Power of Attorney 

 Each Grantor hereby irrevocably makes, constitutes and appoints the Collateral Agent
(and all duly authorized officers or agents designated by the Collateral Agent) as such Grantor’s true and lawful agent, proxy and attorney-in-fact, with full power and authority in the place and stead of such Grantor and in the name of such
Grantor, the Collateral Agent or otherwise, from time to time in the Collateral Agent’s reasonable discretion, to take any and all actions and to execute any and all instruments and documents that the Collateral Agent may deem reasonably
necessary to accomplish the purposes of this Agreement, including but not limited to the following: 
  

	 	(a)	upon the occurrence of an Event of Default which is continuing, 

  

	 	(i)	to receive, endorse, assign, collect and deliver any and all notes, acceptances, checks, drafts, money orders or other instruments, documents and Chattel Paper or other evidences of payment relating to the Collateral;

  

	 	(ii)	to ask for, demand, collect, sue for, recover, compound, receive payment of, give receipt for and give discharges and releases of all or any of the Collateral; 

  
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	 	(iii)	to sign the name of such Grantor on any invoice, Document, freight or express bills, bills of lading, storage or warehouse receipts, drafts against debtors, assignments, verifications, notices or other documents
relating to any of the Collateral; 

  

	 	(iv)	to send verifications of Accounts Receivable or Contracts to any Account Debtor or parties to the Contracts, as applicable; 

  

	 	(v)	to commence and prosecute any and all suits, actions or proceedings at law or in equity in any court of competent jurisdiction to collect or otherwise realize on all or any of the Collateral or to enforce any rights in
respect of any Collateral; 

  

	 	(vi)	to settle, compromise, compound, adjust or defend any claims, actions, suits or proceedings relating to all or any of the Collateral; 

 

	 	(vii)	to notify and direct, or to require such Grantor to notify and direct, Account Debtors or parties to the Contracts to make payment directly to the Collateral Agent or as the Collateral Agent shall direct;

  

	 	(viii)	to exercise the right to vote the Pledged Stock, Pledged LLC Interests and Pledged Partnership Interests, and all other rights, powers, privileges and remedies to which a holder of such Pledged Collateral would be
entitled (including without limitation giving or withholding written consents of stockholders, calling special meetings of stockholders and voting at such meetings), with full power of substitution to do so; and such proxy shall be effective
automatically and without the necessity of any action (including any transfer of any Pledged Stock, Pledged LLC Interests or Pledged Partnership Interests on the record books of the issuer thereof) by any Person (including the issuer of the Pledged
Stock, Pledged LLC Interests or Pledged Partnership Interests, or any officer or agent thereof); 

  

	 	(ix)	to collect and receive all cash dividends, interest, principal and other distributions made on the Pledged Stock, Pledged LLC Interests or Pledged Partnership Interests; 

 

	 	(x)	to use, sell, assign, transfer, pledge, make any agreement with respect to or otherwise deal with all or any of the Collateral; 

  
 33 

	 	(xi)	to prepare, sign and file for recordation in any Intellectual Property Registry, appropriate evidence of the Security Interest granted herein in Intellectual Property in the name of such Grantor as assignor;

  

	 	(xii)	to take or cause to be taken all actions necessary to perform or comply or cause performance or compliance with the terms of this Agreement, including to pay or discharge Taxes or Liens (other than Permitted Liens)
levied or placed upon or threatened against the Collateral, the legality or validity thereof and the amounts necessary to discharge the same to be determined by the Collateral Agent in its discretion, any such payments made by the Collateral Agent
to become obligations of such Grantor to the Collateral Agent, due and payable immediately without demand; and 

  

	 	(xiii)	generally to sell, transfer, pledge, make any agreement with respect to or otherwise deal with any of the Collateral as fully and completely as though the Collateral Agent were the absolute owner thereof for all
purposes, and to do, at the Collateral Agent’s option and such Grantor’s expense, at any time or from time to time, all acts and things that the Collateral Agent deems reasonably necessary to protect, preserve or realize upon the
Collateral and the Collateral Agent’s Security Interest therein in order to effect the intent of this Agreement, all as fully and effectively as such Grantor might do, and 

 

	 	(b)	to prepare, execute and file Records (including UCC financing statements) as further described in Section 5.1(c). 

  

	Section 6.2	No Duty on the Part of Collateral Agent or Secured Parties 

 Notwithstanding any other provision of this
Agreement, nothing herein contained shall be construed as requiring or obligating the Collateral Agent, any other Secured Party or any of their respective officers, directors, employees or agents to make any commitment or to make any inquiry as to
the nature or sufficiency of any payment received by the Collateral Agent or any other Secured Party, or to present or file any claim or notice, or to take any action with respect to the Collateral or any part thereof or the moneys due or to become
due in respect thereof or any property covered thereby, and no action taken or omitted to be taken by the Collateral Agent, any other Secured Party or any of their respective officers, directors, employees or agents with respect to the Collateral or
any part thereof shall give rise to any defense, counterclaim or offset in favor of any Grantor or to any claim or action against the Collateral Agent, any other Secured Party or any of their respective officers, directors, employees or agents. It
is understood and agreed that the appointment of the Collateral Agent as the agent and attorney-in-fact of each Grantor for the purposes set forth above is coupled with an interest and is irrevocable as to each Grantor until this Agreement is
terminated and all Security Interests created hereby with respect to the Collateral of such Grantor are released. The provisions of this Section 6.2 shall in no 

  
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event relieve any Grantor of any of its obligations hereunder or under any other Credit Document with respect to the Collateral or any part thereof or impose any obligation on the Collateral
Agent, any other Secured Party or any of their respective officers, directors, employees or agents to proceed in any particular manner with respect to the Collateral or any part thereof, or in any way limit the exercise by the Collateral Agent, any
other Secured Party or any of their respective officers, directors, employees or agents of any other or further right that it may have on the date of this Agreement or hereafter, whether hereunder, under any other Credit Document, by law or
otherwise. The Collateral Agent and the other Secured Parties shall be accountable only for amounts that they actually receive as a result of the exercise of such powers, and neither they nor any of their officers, directors, employees or agents
shall be responsible to the Grantors for any act or failure to act hereunder, except for their own gross negligence or willful misconduct. 
  

	Section 6.3	Authority, Immunities and Indemnities of Collateral Agent 

 Each Grantor acknowledges, and, by acceptance
of the benefits hereof, each Secured Party agrees, that the rights and responsibilities of the Collateral Agent under this Agreement with respect to any action taken by the Collateral Agent or the exercise or non-exercise by the Collateral Agent of
any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as among the Secured Parties, be governed by the Credit Agreement and that the Collateral Agent shall have,
in respect thereof, all rights, remedies, immunities and indemnities granted to it in the Credit Agreement. By acceptance of the benefits hereof, each Secured Party that is not a Lender agrees to be bound by the provisions of the Credit Agreement
applicable to the Collateral Agent, including Article 10 thereof, as fully as if such Secured Party were a Lender. The Collateral Agent shall be conclusively presumed to be acting as agent for the Secured Parties with full and valid authority so to
act or refrain from acting, and no Grantor shall be under any obligation, or entitlement, to make any inquiry respecting such authority. 

SECTION 7 
 REMEDIES

  

	Section 7.1	Remedies Upon Event of Default 

  

	 	(a)	Upon the occurrence and during the continuance of an Event of Default, the Collateral Agent may exercise in respect of the Collateral, in addition to all other rights and remedies provided for herein or otherwise
available to it at law or in equity, all the rights and remedies of a secured party on default under the UCC (whether or not the UCC applies to the affected Collateral) or any other applicable law, and without limiting the foregoing, also may pursue
any of the following separately, successively or simultaneously: 

  

	 	(i)	with respect to any Collateral consisting of Intellectual Property, on demand, cause the Security Interest to become an assignment, transfer and conveyance of any or all of such Collateral by the applicable Grantors to
the Collateral Agent, or to license or sublicense, whether general, special or otherwise, and whether on an exclusive or non-exclusive basis, any such Collateral throughout the world on such terms and conditions and in such manner as the Collateral
Agent shall determine (other than in violation of any then-existing licensing arrangements to the extent that waivers cannot be obtained); 

  
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	 	(ii)	require a Grantor to, and each Grantor hereby agrees that it shall at its expense and promptly upon request of the Collateral Agent forthwith, assemble all or part of the Collateral as directed by the Collateral Agent
and make it available to the Collateral Agent at a place to be designated by the Collateral Agent that is reasonably convenient to both parties; 

  

	 	(iii)	with or without legal process and with or without prior notice or demand for performance, to take possession of the Collateral and to enter without breach of the peace any premises owned or leased by the Grantors where
the Collateral may be located for the purpose of taking possession of or removing the Collateral; 

  

	 	(iv)	prior to the disposition of the Collateral, store, process, repair or recondition the Collateral or otherwise prepare the Collateral for disposition in any manner to the extent the Collateral Agent deems appropriate;

  

	 	(v)	exercise dominion and control over, issue a notice of exclusive control with respect to and refuse to permit further withdrawals (whether of money, securities, instruments or other property) from any Cash Collateral
Account maintained with the Collateral Agent constituting part of the Collateral, it being acknowledged by the Collateral Agent that a notice of exclusive control will be issued by the Collateral Agent only upon the occurrence and during the
continuance of an Event of Default; 

  

	 	(vi)	 without prior notice except as specified below, sell, assign, lease, license (on an exclusive or non-exclusive basis) or otherwise dispose of the
Collateral or any part thereof in one or more parcels at public or private sale or at any broker’s board or on any securities exchange, at any of the Collateral Agent’s offices or elsewhere, for cash, on credit or for future delivery, at
such time or times and at such price or prices and upon such other terms as the Collateral Agent may deem reasonable; provided that (A) the Collateral Agent shall be authorized at any such sale (if it deems it

  
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advisable to do so) to restrict the prospective bidders or purchasers to persons who will represent and agree that they are purchasing the Collateral for their own account for investment and not
with a view to the distribution or sale thereof, (B) upon consummation of any such sale the Collateral Agent shall have the right to assign, transfer and deliver to the purchaser or purchasers thereof the Collateral so sold, (C) each such
purchaser at any such sale shall hold the property sold absolutely, free from any claim or right on the part of any Grantor, and (D) each Grantor hereby waives (to the extent permitted by law) all rights of redemption, stay, valuation and
appraisal that such Grantor now has or may at any time in the future have under any rule of law or statute now existing or hereafter enacted; and 

  

	 	(vii)	with respect to any Collateral consisting of contracts or agreements, the Collateral Agent may notify or require a Grantor to notify any counterparty to such contract or agreement to make all payments thereunder
directly to the Collateral Agent. 

  

	 	(b)	The Collateral Agent or any other Secured Party may be the purchaser of any or all of the Collateral at any sale thereof and the Collateral Agent, as collateral agent for and representative of the Secured Parties, shall
be entitled, for the purpose of bidding and making settlement or payment of the purchase price for all or any portion of the Collateral sold at any such public sale, to use and apply any of the Secured Obligations as a credit on account of the
purchase price for any Collateral payable by the Collateral Agent at such sale. 

  

	 	(c)	 Each Grantor hereby waives notice of the time and place of any public sale or the time after which any private sale or other disposition of all or any
part of the Collateral may be made. To the extent such notice may not be waived under the UCC or other applicable law, any notice made shall be deemed reasonable if sent to such Grantor or the Borrower, addressed as set forth in the notice
provisions of the Credit Agreement, at least ten days prior to (i) the date of any such public sale or (ii) the time after which any such private sale or other disposition may be made. Such notice, in the case of a public sale, shall state
the time and place for such sale and, in the case of a sale at a broker’s board or on a securities exchange, shall state the board or exchange at which such sale is to be made and the day on which the Collateral, or portion thereof, will first
be offered for sale at such board or exchange. Any such public sale shall be held at such time or times during ordinary business hours and at such place or places as the Collateral Agent may fix and state in the notice (if any) of such sale. At any
such sale, the Collateral, or portion thereof, to be sold may be sold in one lot as an entirety or in separate parcels, as the Collateral Agent may (in its sole and absolute discretion) determine. The Collateral Agent shall not be obligated to make
any sale of any Collateral if it shall determine not to do so, regardless of the fact that notice of sale of such 

  
 37 

	 	
Collateral shall have been given. The Collateral Agent may, without notice or publication, adjourn any public or private sale or cause the same to be adjourned from time to time by announcement
at the time and place fixed for sale, and such sale may, without further notice, be made at the time and place to which the same was so adjourned. In case any sale of all or any part of the Collateral is made on credit or for future delivery, the
Collateral so sold may be retained by the Collateral Agent until the sale price is paid by the purchaser or purchasers thereof, but the Collateral Agent shall not incur any liability in case any such purchaser or purchasers shall fail to take up and
pay for the Collateral so sold and, in case of any such failure, such Collateral may be sold again upon like notice. For purposes hereof, a written agreement to purchase the Collateral or any portion thereof shall be treated as a sale thereof; the
Collateral Agent shall be free to carry out such sale pursuant to such agreement and the Grantors shall not be entitled to the return of the Collateral or any portion thereof subject thereto, notwithstanding the fact that after the Collateral Agent
shall have entered into such an agreement all Events of Default shall have been remedied and the Secured Obligations paid in full. As an alternative to exercising the power of sale herein conferred upon it, the Collateral Agent may proceed by a suit
or suits at law or in equity to foreclose upon the Collateral and to sell the Collateral or any portion thereof pursuant to a judgment or decree of a court or courts having competent jurisdiction or pursuant to a proceeding by a court-appointed
receiver. Each Grantor hereby waives any claims against the Collateral Agent arising by reason of the fact that the price at which any Collateral may have been sold at such a private sale was less than the price that might have been obtained at a
public sale, even if the Collateral Agent accepts the first offer received and does not offer such Collateral to more than one offeree. 

  

	 	(d)	If the Proceeds of any sale or other disposition of the Collateral are insufficient to pay the entire outstanding amount of the Secured Obligations, the Grantors shall be jointly and severally liable for deficiency.
Each Grantor further agrees that a breach of any of the covenants contained in this Section will cause irreparable injury to the Collateral Agent, that the Collateral Agent has no adequate remedy at law in respect of such breach and, as a
consequence, that each and every covenant contained in this Section shall be specifically enforceable against the Grantors, and the Grantors hereby waive and agree not to assert any defenses in an action for specific performance of such covenants
except for a defense that no Event of Default has occurred or is continuing under the Credit Agreement. Nothing in this Section shall in any way alter the rights of the Collateral Agent hereunder. 

 

	 	(e)	The Collateral Agent may sell the Collateral without giving any warranties as to the Collateral. The Collateral Agent may specifically disclaim or modify any warranties of title or the like. This procedure will not be
considered to adversely affect the commercial reasonableness of any sale of the Collateral. 

  

	 	(f)	The Collateral Agent shall have no obligation to marshal any of the Collateral. 

  
 38 

	Section 7.2	Intellectual Property 

 For the purpose of enabling the Collateral Agent to exercise rights and remedies
under this Section at such time as the Collateral Agent shall be lawfully entitled to exercise such rights and remedies, each Grantor hereby grants to the Collateral Agent an irrevocable during the term of this Agreement, non-exclusive license
(exercisable without payment of royalty or other compensation to the Grantors) to use, license or sub-license any of the Collateral consisting of Intellectual Property subject, in the case of Trademarks, to sufficient rights to quality control and
inspection in favor of such Grantor to avoid the risk of invalidation of such Trademarks, now owned or hereafter acquired by such Grantor, and wherever the same may be located, and including in such license reasonable access to all media in which
any of the licensed items may be recorded or stored and to all computer software and programs used for the compilation or printout thereof; provided that only upon the occurrence and during the continuance of an Event of Default, may such
license to the Collateral Agent be exercised, at the option of the Collateral Agent. 
  

	Section 7.3	Application of Proceeds 

 At such intervals as may be agreed upon by the Borrower and the Collateral
Agent, or, if and whenever any Event of Default has occurred and is continuing, the Collateral Agent may apply all or any part of Proceeds constituting Collateral, whether or not held in any Cash Collateral Account, any Securities Account or any
Deposit Account, and any proceeds of the guarantee set forth in Article 8 of the Credit Agreement, in payment of the Obligations in the following order: first, to unpaid and unreimbursed costs, expenses and fees of the Administrative Agent
and the Collateral Agent (including to reimburse ratably any other Secured Parties which have advanced any of the same to the Collateral Agent), and second, to the Administrative Agent, for application by it toward payment of all amounts then
due and owing and remaining unpaid in respect of the Obligations pro rata among the Secured Parties according to the amount of the Obligations then due and owing and remaining unpaid to the Secured Parties. Any balance of such Proceeds
remaining after the Obligations have been paid in full (other than Obligations under or in respect of any Secured Hedge Agreements and Secured Treasury Services Agreements and contingent indemnification obligations for which no claim has been made),
all Commitments have terminated or expired and no Letter of Credit shall be outstanding (unless cash collateralized in an amount equal to 103% of Letter of Credit Usage as of such date on terms reasonably satisfactory to the Issuing Bank) shall be
paid over to the Borrower or to whomsoever may be lawfully entitled to receive the same. For purposes of this Section 7.3, to the extent that any Obligation is unmatured, unliquidated or contingent (other than contingent indemnification
obligations for which no claim has been made) at the time any distribution is to be made pursuant to clause second above, the Collateral Agent shall allocate a portion of the amount to be distributed pursuant to such clause for the benefit of
the Secured Parties holding such Obligations and shall hold such amounts for the benefit of such Secured Parties until such time as such Obligations become matured, liquidated and/or payable at which time such amounts

  
 39 

 
shall be distributed to the holders of such Obligations to the extent necessary to pay such Obligations in full (with any excess to be distributed in accordance with this Section 7.3 as if
distributed at such time). In making determinations and allocations required by this Section 7.3, the Collateral Agent may conclusively rely upon information provided to it by the holder of the relevant Obligations (which, in the case of the
immediately preceding sentence shall be a reasonable estimate of the amount of the Obligations) and shall not be required to, or be responsible for, ascertaining the existence of or amount of any Obligations. 

 

	Section 7.4	Securities Act, Etc. 

  

	 	(a)	Each Grantor understands that compliance with United States federal securities laws, including but not limited to the Securities Act, might very strictly limit the course of conduct of the Collateral Agent if the
Collateral Agent were to attempt to dispose of all or any part of the Pledged Collateral, and might also limit the extent to which or the manner in which any subsequent transferee of any Pledged Collateral could dispose of the same. Similarly, there
may be other legal restrictions or limitations affecting the Collateral Agent in any attempt to dispose of all or part of the Pledged Collateral under applicable “blue sky” laws or other state securities laws or similar laws analogous in
purpose or effect. Each Grantor recognizes that in light of such restrictions and limitations the Collateral Agent may, with respect to any sale of the Pledged Collateral, limit the purchasers to those who will agree, among other things, to acquire
such Pledged Collateral for their own account, for investment, and not with a view to the distribution or resale thereof. Each Grantor acknowledges and agrees that in light of such restrictions and limitations, the Collateral Agent, in its sole and
absolute discretion exercised in good faith, (a) may proceed to make such a sale whether or not a registration statement for the purpose of registering such Pledged Collateral or part thereof shall have been filed under United States federal
securities laws and (b) may approach and negotiate with a single potential purchaser to effect such sale. Each Grantor acknowledges and agrees that any such sale might result in prices and other terms less favorable to the seller than if such
sale were a public sale without such restrictions. In the event of any such sale, the Collateral Agent shall incur no responsibility or liability for selling all or any part of the Pledged Collateral at a price that the Collateral Agent, in its sole
and absolute discretion, may in good faith deem reasonable under the circumstances, notwithstanding the possibility that a substantially higher price might have been realized if the sale were deferred until after registration as aforesaid or if more
than a single purchaser were approached. The provisions of this Section 7.4 will apply notwithstanding the existence of a public or private market upon which the quotations or sales prices might exceed substantially the price at which the
Collateral Agent sells. 

  

	 	(b)	 If the Collateral Agent shall determine to exercise its right to sell any or all of the Pledged Stock pursuant to Section 7.1, and if in
the reasonable opinion of the Collateral Agent it is necessary or advisable to have the sale of the Pledged Stock, 

  
 40 

	 	
or that portion thereof to be sold, registered under the provisions of the Securities Act, the relevant Grantor will use commercially reasonable efforts (i) to cause the issuer thereof to
execute and deliver, and cause the directors and officers of such issuer to execute and deliver, all such instruments and documents, and do or cause to be done all such other acts as may be, in the reasonable opinion of the Collateral Agent,
necessary or advisable to register the sale of Pledged Stock, or that portion thereof to be sold, under the provisions of the Securities Act, (ii) to cause the registration statement relating thereto to become effective and to remain effective
for a period of six months from the date of the first public offering of the Pledged Stock, or that portion thereof to be sold and (iii) to make all amendments thereto and/or to the related prospectus which, in the reasonable opinion of the
Collateral Agent, are necessary or advisable, all in conformity with the requirements of the Securities Act and the rules and regulations of the Securities and Exchange Commission applicable thereto. Each Grantor agrees to use commercially
reasonable efforts to cause such issuer to comply with the provisions of the applicable “blue sky” laws or other state securities laws or similar laws analogous in purpose or effect of any and all jurisdictions which the Collateral Agent
shall reasonably designate and to make available to its security holders, as soon as practicable, an earnings statement (which need not be audited) which will satisfy the provisions of Section 11(a) of the Securities Act. 

 

	 	(c)	Each Grantor agrees to use commercially reasonable efforts to do or cause to be done all such other acts as may be necessary to make such sale or sales of all or any portion of the Pledged Stock pursuant hereto valid
and binding and in compliance with any and all other applicable laws. Each Grantor further agrees that a breach of any of the covenants contained in this Section will cause irreparable injury to the Collateral Agent, that the Collateral Agent has no
adequate remedy at law in respect of such breach and, as a consequence, that each and every covenant contained in this Section shall be specifically enforceable against the Grantors, and the Grantors hereby waive and agree not to assert any defenses
in an action for specific performance of such covenants except for a defense that no Event of Default has occurred or is continuing under the Credit Agreement. Nothing in this Section shall in any way alter the rights of the Collateral Agent
hereunder. 

 SECTION 8  

STANDARD OF CARE; COLLATERAL AGENT MAY PERFORM 

The powers conferred on the Collateral Agent hereunder are solely to protect its interest in the Collateral and shall not impose any duty upon it to exercise
any such powers. Except for the exercise of reasonable care in the custody of any Collateral in its possession and the accounting for moneys actually received by it hereunder, the Collateral Agent shall have no duty as to any Collateral or as to the
taking of any necessary steps to preserve rights against prior parties or any 

  
 41 

 
other rights pertaining to any Collateral. The Collateral Agent shall be deemed to have exercised reasonable care in the custody and preservation of Collateral in its possession if such
Collateral is accorded treatment substantially equal to that which the Collateral Agent accords its own property. Neither the Collateral Agent nor any of its directors, officers, employees or agents shall be liable for failure to demand, collect or
realize upon all or any part of the Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of any Collateral upon the request of the Grantors or otherwise. 

SECTION 9 

MISCELLANEOUS 
  

	Section 9.1	Notices 

 All communications and notices hereunder shall (except as otherwise expressly permitted herein)
be in writing and given as provided in Section 11.01 of the Credit Agreement. 
  

	Section 9.2	Security Interest Absolute 

 All rights of the Collateral Agent hereunder, the Security Interest and all
obligations of the Grantors hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Credit Document, any agreement with respect to any of the Secured
Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Secured Obligations, or any other amendment or waiver of or
any consent to any departure from the Credit Agreement, any other Credit Document or any other agreement or instrument, (c) any exchange, release or non-perfection of any Lien on collateral other than the Collateral, or any release or amendment
or waiver of or consent under or departure from any Collateral Document or guarantee securing or guaranteeing all or any of the Secured Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a
discharge of, the Grantors in respect of the Secured Obligations or this Agreement (other than the indefeasible payment in full in cash of the Secured Obligations). 
  

	Section 9.3	Survival of Agreement 

 All covenants, agreements, representations and warranties made by the Grantors
herein and in the certificates or other instruments prepared or delivered in connection with or pursuant to this Agreement shall survive the execution and delivery hereof and be considered to have been relied upon by the Secured Parties and shall
survive the making by the Secured Parties of any Credit Extension, regardless of any investigation made by the Secured Parties or on their behalf, and shall continue in full force and effect until this Agreement shall terminate. 

  
 42 

	Section 9.4	Binding Effect 

 This Agreement shall be binding upon the parties hereto and their respective successors
and permitted assigns and shall inure to the benefit of the parties hereto and their respective successors and permitted assigns, except that no Grantor may assign or otherwise transfer any of its rights or obligations hereunder or any interest in
the Collateral (and any such assignment or transfer shall be null and void) except as expressly contemplated by this Agreement or the Credit Agreement. 
  

	Section 9.5	Successors and Permitted Assigns 

 This Agreement will be binding upon the parties hereto and their
respective successors and permitted assigns and shall inure to the benefit of each of the parties hereto and each of the Secured Parties and their respective successors and permitted assigns, and nothing herein, express or implied, shall be
construed to confer upon any Person (other than the parties hereto, their respective successors and permitted assigns and, to the extent expressly contemplated hereby or the Credit Agreement, Affiliates of each of the Agents and Lenders and other
Indemnitees) any legal or equitable right, remedy or claim under or by reason of this Agreement or any Collateral. All references to any Credit Party will include any Credit Party as debtor-in-possession and any receiver or trustee for such Credit
Party in any insolvency, bankruptcy or similar proceeding. 
  

	Section 9.6	Collateral Agent’s Fees and Expenses; Indemnification 

 This Agreement incorporates herein the
indemnity and reimbursement provisions set forth in the Credit Agreement as if such provisions were set forth herein, mutatis mutandis. 
  

	Section 9.7	Applicable Law 

 THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER (INCLUDING,
WITHOUT LIMITATION, ANY CLAIMS SOUNDING IN CONTRACT LAW OR TORT LAW ARISING OUT OF THE SUBJECT MATTER HEREOF AND ANY DETERMINATIONS WITH RESPECT TO POST-JUDGMENT INTEREST) SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH,
THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK. 

  
 43 

	Section 9.8	Waivers; Amendment 

  

	 	(a)	No failure or delay on the part of the Collateral Agent to exercise any power, right or privilege hereunder shall impair such power, right or privilege or be construed to be a waiver of any default or acquiescence
therein, nor shall any single or partial exercise of any such power, right or privilege, or any abandonment or discontinuance of steps to enforce such a power, right or privilege, preclude any other or further exercise thereof or the exercise of any
other power, right or privilege. The powers, rights, privileges and remedies of the Collateral Agent and the other Secured Parties hereunder and under the other Credit Documents are cumulative and shall be in addition to and independent of all
rights, powers and remedies existing by virtue of any statute or rule of law or in any of the other Credit Documents or any of the Secured Hedge Agreements or Secured Treasury Services Agreements. No waiver of any provisions of this Agreement or any
other Credit Document or consent to any departure by the Grantors therefrom shall in any event be effective unless the same shall be permitted by paragraphs (b) or (c) below, and then such waiver or consent shall be effective only in the
specific instance and for the purpose for which given. No notice to or demand on any Grantor in any case shall entitle such Grantor or any other Grantor to any other or further notice or demand in similar or other circumstances. 

 

	 	(b)	Neither this Agreement nor any provision hereof may be waived, amended or modified except pursuant to an agreement or agreements in writing entered into by the Collateral Agent and the Grantors, subject to any consent
required in accordance with the Credit Agreement. 

  

	 	(c)	Notwithstanding the foregoing, the Collateral Agent may, with the consent of the Grantors and without the consent of any Lender, Secured Party or other person, amend, modify or supplement this Agreement in writing to
cure any ambiguity, omission, defect or inconsistency, so long as such amendment, modification or supplement does not adversely affect the rights of any Lender or Issuing Bank. 

 

	Section 9.9	Waiver of Jury Trial 

 EACH OF THE PARTIES TO THIS AGREEMENT HEREBY AGREES TO WAIVE ITS RESPECTIVE
RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AGREEMENT OR ANY DEALINGS BETWEEN THEM RELATING TO THE SUBJECT MATTER OF THIS AGREEMENT OR ANY TRANSACTIONS PROVIDED HEREUNDER OR CONTEMPLATED HEREBY. THE SCOPE
OF THIS WAIVER IS INTENDED TO BE ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT RELATE TO THE SUBJECT MATTER OF THIS AGREEMENT OR ANY TRANSACTION PROVIDED HEREUNDER OR CONTEMPLATED HEREBY,

  
 44 

 
INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS. EACH PARTY HERETO ACKNOWLEDGES THAT THIS WAIVER IS A MATERIAL INDUCEMENT TO ENTER INTO
A BUSINESS RELATIONSHIP, THAT EACH PARTY HAS ALREADY RELIED ON THIS WAIVER IN ENTERING INTO THIS AGREEMENT, AND THAT EACH PARTY WILL CONTINUE TO RELY ON THIS WAIVER IN THEIR RELATED FUTURE DEALINGS. EACH PARTY HERETO FURTHER WARRANTS AND REPRESENTS
THAT IT HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL AND THAT IT KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN
WRITING (OTHER THAN BY A MUTUAL WRITTEN WAIVER SPECIFICALLY REFERRING TO THIS SECTION 9.9 AND EXECUTED BY EACH OF THE PARTIES HERETO), AND THIS WAIVER WILL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS
AGREEMENT. IN THE EVENT OF LITIGATION, THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT. 
  

	Section 9.10	Severability 

 In case any provision in or obligation under this Agreement is invalid, illegal or
unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction, will not in any way be affected or impaired thereby. 

 

	Section 9.11	Counterparts; Effectiveness 

 This Agreement and any amendments, waivers, consents or supplements hereto
or in connection herewith may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered will be deemed an original, but all such counterparts together will
constitute but one and the same instrument; signature pages may be detached from multiple separate counterparts and attached to a single counterpart so that all signature pages are physically attached to the same document. This Agreement will become
effective upon the execution and delivery of a counterpart hereof by each of the parties hereto. Delivery of an executed signature page of this Agreement by facsimile or electronic transmission shall be effective as delivery of a manually executed
counterpart hereof. The Collateral Agent may also require that any such facsimile or electronic transmission signatures be confirmed by a manually signed original thereof; provided that the failure to request or deliver the same shall not
limit the effectiveness of any facsimile or electronic transmission signature delivered. 

  
 45 

	Section 9.12	Section Headings 

 Section headings herein are included herein for convenience of reference only and
shall not constitute a part hereof for any other purpose or be given any substantive effect. 
  

	Section 9.13	Consent to Jurisdiction and Service of Process 

 SUBJECT TO CLAUSE (E) OF THE FOLLOWING SENTENCE,
ALL JUDICIAL PROCEEDINGS BROUGHT AGAINST ANY GRANTOR ARISING OUT OF OR RELATING TO THIS AGREEMENT, OR ANY OBLIGATIONS HEREUNDER, SHALL BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK SITTING IN THE BOROUGH OF MANHATTAN, THE COURTS OF THE UNITED
STATES FOR THE SOUTHERN DISTRICT OF NEW YORK, AND APPELLATE COURTS FROM ANY THEREOF. BY EXECUTING AND DELIVERING THIS AGREEMENT, EACH GRANTOR, FOR ITSELF AND IN CONNECTION WITH ITS PROPERTIES, IRREVOCABLY: 

 

	 	(A)	ACCEPTS GENERALLY AND UNCONDITIONALLY THE EXCLUSIVE JURISDICTION AND VENUE OF SUCH COURTS (OTHER THAN WITH RESPECT TO ACTIONS BY ANY AGENT IN RESPECT OF RIGHTS HEREUNDER GOVERNED BY LAWS OTHER THAN THE LAWS OF THE
STATE OF NEW YORK OR WITH RESPECT TO ANY COLLATERAL SUBJECT HERETO); 

  

	 	(B)	WAIVES ANY DEFENSE OF FORUM NON CONVENIENS; 

  

	 	(C)	AGREES THAT SERVICE OF ALL PROCESS IN ANY SUCH PROCEEDING IN ANY SUCH COURT MAY BE MADE BY REGISTERED OR CERTIFIED MAIL, RETURN RECEIPT REQUESTED, TO SUCH GRANTOR AT ITS ADDRESS PROVIDED IN ACCORDANCE WITH
SECTION 9.1; 

  

	 	(D)	AGREES THAT SERVICE AS PROVIDED IN CLAUSE (C) ABOVE IS SUFFICIENT TO CONFER PERSONAL JURISDICTION OVER SUCH GRANTOR IN ANY SUCH PROCEEDING IN ANY SUCH COURT, AND OTHERWISE CONSTITUTES EFFECTIVE AND BINDING
SERVICE IN EVERY RESPECT; 

  

	 	(E)	AGREES THAT THE COLLATERAL AGENT AND THE SECURED PARTIES RETAIN THE RIGHT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR TO BRING PROCEEDINGS AGAINST SUCH GRANTOR IN THE COURTS OF ANY OTHER JURISDICTION;
AND 

  

	 	(F)	AGREES THAT THE PROVISIONS OF THIS SECTION 9.13 RELATING TO JURISDICTION AND VENUE WILL BE BINDING AND ENFORCEABLE TO THE FULLEST EXTENT PERMISSIBLE UNDER NEW YORK GENERAL OBLIGATIONS LAW SECTION 5-1402 OR
OTHERWISE. 

  
 46 

	Section 9.14	Termination, Release 

  

	 	(a)	This Agreement, the Security Interest and all other security interests granted hereby shall terminate in accordance with Section 10.08(e) of the Credit Agreement. 

 

	 	(b)	A Grantor shall automatically be released from its obligations hereunder and the Security Interest in the Collateral of such Grantor shall be automatically released upon the consummation of any transaction permitted by
the Credit Agreement as a result of which such Grantor ceases to be a Subsidiary or a Restricted Subsidiary of the Borrower. 

  

	 	(c)	Upon any sale or other transfer by any Grantor of any Collateral that is permitted under the Credit Agreement, or upon the effectiveness of any written consent to the release of the Security Interest granted hereby in
any Collateral pursuant to the Credit Agreement or this Agreement, the Security Interest in such Collateral shall be automatically released. 

  

	 	(d)	In connection with any termination or release pursuant to paragraph (a), (b) or (c) of this Section 9.14, the Collateral Agent shall execute and deliver to any Grantor at such Grantor’s expense,
all UCC termination statements, releases and similar documents that such Grantor shall reasonably request to evidence such termination or release. Any execution and delivery of termination statements, releases, or other documents pursuant to this
Section 9.14 shall be without recourse to or warranty by the Collateral Agent. 

 [Remainder of page intentionally left
blank] 

  
 47 

 IN WITNESS WHEREOF, the Grantors and the Collateral Agent have caused this Agreement to be
duly executed and delivered by their respective officers thereunto duly authorized as of the date first written above. 
  

			
	CYPRESS SEMICONDUCTOR CORPORATION, as Grantor
		
	By:		 /s/ Thad Trent

			Name: Thad Trent
			Title: Chief Financial Officer and Secretary
	
	CYPRESS SEMICONDUCTOR (MINNESOTA) INC., as Grantor
		
	By:		 /s/ Thad Trent

			Name: Thad Trent
			Title: Chief Financial Officer and Vice President
	
	SPANSION INC.
		
	By:		 /s/ Thad Trent

			Name: Thad Trent
			Title: Secretary
	
	SPANSION LLC
		
	By:		 /s/ Randy Furr

			Name: Randy Furr
			 Title: Corporate Executive Vice President and Chief Financial
Officer

  
 Signature Page –
Amended and Restated Pledge and Security Agreement 

 
			
	SPANSION TECHNOLOGY LLC
	By:		Spansion Inc., its sole member
		
	By:		 /s/ Thad Trent

			Name: Thad Trent
			Title: Secretary of Spansion Inc.
	
	SPANSION INTERNATIONAL AM, INC.
		
	By:		 /s/ Ada Kwon

			Name: Ada Kwon
			Title: Treasurer
	
	SPANSION INTERNATIONAL TRADING, INC.
		
	By:		 /s/ Tom Geren

			Name: Tom Geren
			Title: Vice President, Treasurer and Secretary

  
 Signature Page –
Amended and Restated Pledge and Security Agreement 

 
			
	MORGAN STANLEY SENIOR FUNDING, INC., as Collateral Agent
		
	By:		 /s/ Jonathon Raven

			Name: Jonathon Raven
			Title: Authorized Signatory

  
 Signature Page –
Amended and Restated Pledge and Security Agreement 

 EXHIBIT A 

FORM OF CONTROL ACCOUNT AGREEMENT 

                 ,
         
 [Date] 

[Name and Address 
 of Approved Securities 

Intermediary] 
 Ladies and Gentlemen: 

Reference is made to account no.
[                    ] in the name
[                    ] maintained with you (the “Approved Securities Intermediary”) by
[                    ] (the “Grantor”) into which Assets (as defined below) are received from time to time (such account, the
“Account”). The Grantor has entered into an Amended and Restated Pledge and Security Agreement, dated March 12, 2015 (such agreement as further amended, amended and restated, supplemented or otherwise modified from time to
time, the “Pledge and Security Agreement”), together with Cypress Semiconductor Corporation, the other Grantors and Additional Grantors (each as defined therein) and Morgan Stanley Senior Funding, Inc., as collateral agent for the
Secured Parties (as defined therein) (herein in such capacity, the “Collateral Agent”). All references herein to the “UCC” shall mean the Uniform Commercial Code as in effect from time to time in the State of New
York. 
 In connection therewith, the Grantor hereby instructs you (the “Approved Securities Intermediary”) to: 

 

	1.	maintain the Account as a “securities account” (as defined in the UCC); 

  

	2.	hold in the Account the assets, including all financial assets, securities, security entitlements and all other property and rights now or hereafter received in such Account (collectively the “Assets”),
including without limitation those assets listed in Exhibit A attached hereto and made a part hereof; 

  

	3.	provide to the Collateral Agent, with a duplicate copy to the Grantor, a monthly statement of Assets and a confirmation statement of each transaction effected in the Account after such transaction is effected; and

  
 A-1 

	4.	honor only the instructions or entitlement orders in regard to or in connection with the Account or other Assets given by the Collateral Agent (as defined below), without the consent of the Grantor or any other person
or entity, except that until such time as the Collateral Agent gives a written notice to the Approved Securities Intermediary in the form of Exhibit B hereto (a “Notice of Exclusive Control”) and after written revocation of such
Notice of Exclusive Control by the Collateral Agent (on which notice the Approved Securities Intermediary may rely exclusively), the Grantor acting through an Authorized Officer may (a) exercise any voting rights that it may have with respect
to any of the Assets, (b) give instructions or entitlement orders to enter into purchase or sale transactions in the Account and (c) withdraw and receive for its own use all regularly scheduled ordinary dividends paid with respect to the
Accounts or any other Assets (“Permitted Withdrawals”). 

 By its signature below, the Approved Securities Intermediary
agrees to comply with the entitlement orders and instructions of the Collateral Agent (including without limitation any instructions with respect to sales, trades, transfers and withdrawals of cash or other of the Assets) without the consent of the
Grantor or any other person (it being understood and agreed by the Grantor that the Approved Securities Intermediary shall have no duty or obligation whatsoever of any kind or character to have knowledge of the terms of the Pledge and Security
Agreement or to determine whether or not an Event of Default (as defined therein) has occurred). The Grantor hereby agrees to indemnify and hold harmless the Approved Securities Intermediary, its affiliates, officers and employees from and against
any and all claims, causes of action, liabilities, lawsuits, demands and/or damages, including any and all court costs and attorney’s fees, that may result by reason of the Approved Securities Intermediary complying with such instructions of
the Collateral Agent. In the event that the Approved Securities Intermediary is sued or becomes involved in litigation as a result of complying with the above stated written instructions, the Grantor and the Collateral Agent agree that the Approved
Securities Intermediary shall be entitled to charge all out-of-pocket costs and fees it incurs in connection with such litigation to the Assets in the Account and withdraw such sums as the costs and charges accrue. 

The Authorized Officer of the Collateral Agent who shall give oral instructions hereunder shall confirm the same in writing to the Approved Securities
Intermediary within five days after such oral instructions are given. The Approved Securities Intermediary shall have no liability for its failure to comply with any entitlement orders or instructions received from a person other than an Authorized
Officer of the Grantor or an Authorized Officer of the Collateral Agent, as applicable. 
 For the purpose of this Agreement, the term
“Authorized Officer of the Grantor” shall refer in the singular to                      or
                    (each of whom is, on the date hereof, an officer or director of the Grantor) and “Authorized Officer of the Collateral
Agent” shall refer in the singular to any person who is a vice president or managing director of the Collateral Agent. In the event that the Grantor or the Collateral Agent, as applicable, shall find it advisable to designate a replacement
of any of its Authorized Officers, written notice of any such replacement shall be given to each other party hereto, and the term “Authorized Officer of the  

  
 A-2 

 
Grantor” or “Authorized Officer of the Collateral Agent”, as applicable, shall be deemed to be amended as set forth in such notice automatically upon receipt of such notice by each
other party hereto. 
 Except with respect to the obligations and duties as set forth herein, this Agreement shall not impose or create any obligations or
duties upon the Approved Securities Intermediary greater than or in addition to the customary and usual obligations and duties of the Approved Securities Intermediary to the Grantor. 

As long as the Assets are pledged to the Collateral Agent: (i) the Approved Securities Intermediary will not apply the Assets to cover margin debits or
calls in any other accounts of the Grantor and (ii) the Approved Securities Intermediary agrees that, except for liens resulting from customary commissions, fees, or charges based upon settling transactions in the Account, it subordinates in
favor of the Collateral Agent any security interest, lien or right of setoff the Approved Securities Intermediary may have. The Approved Securities Intermediary acknowledges that it has not received notice of any other security interest in the
Account or the Assets. In the event any such notice is received, the Approved Securities Intermediary will promptly notify the Collateral Agent. The Grantor herein represents that the Assets are free and clear of any lien or encumbrances and agrees
that, with the exception of the security interest granted to the Collateral Agent, no lien or encumbrance will be placed by it on the Assets without the express written consent of both the Collateral Agent and the Approved Securities Intermediary.

 All notices, requests and demands to or upon the respective parties hereto to be effective shall be in writing (including by telecopy or other electronic
transmission), and, unless otherwise expressly provided herein, shall be deemed to have been duly given or made when delivered, or three business days after being deposited in the mail, postage prepaid, or, in the case of telecopy or electronic
notice, when received, addressed as follows in the case of the Grantor and the Collateral Agent or to such other address as may be hereafter notified by the respective parties hereto: 

 

			
	The Grantor:		[Address]
			Attention:
			Telecopy:
			Telephone:
		
	with a copy to:		[                    ]
			[Address]
			Attention:
			Telecopy:
			Telephone:
		
	The Collateral Agent:		Morgan Stanley Senior Funding, Inc.
			1300 Thames Street
			Thames Street Wharf, 4th Floor
			Baltimore, MD 21231
			Attention: Steven Delany
			E-mail: docs4loans@ms.com
			Telephone: 443-627-4555

  
 A-3 

 This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective
successors and assigns and it and the rights and obligations of the parties hereto shall be governed by, and construed and enforced in accordance with the laws of the State of New York without regard to conflict of law principles thereof that would
result in the application of any law other than the law of the State of New York, and the Approved Securities Intermediary’s jurisdiction for the purposes of Section 8-110 of the UCC shall be the State of New York. 

The Approved Securities Intermediary will treat all property at any time credited by the Approved Securities Intermediary to the Account as financial assets
within the meaning of the UCC. The Approved Securities Intermediary acknowledges that this Agreement constitutes written notification to the Approved Securities Intermediary, pursuant to the UCC and any applicable federal regulations for the Federal
Reserve Book Entry System, of the Collateral Agent’s security interest in the Assets. The Grantor, the Collateral Agent and Approved Securities Intermediary are entering into this Agreement to provide for the Collateral Agent’s control of
the Assets and to confirm the first and exclusive priority of the Collateral Agent’s security interest in the Assets. The Approved Securities Intermediary agrees to promptly make and thereafter maintain all necessary entries or notations in its
books and records to reflect the Collateral Agent’s security interest in the Assets. 
 If any term or provision of this Agreement is determined to be
invalid or unenforceable, the remainder of this Agreement shall be construed in all respects as if the invalid or unenforceable term or provision were omitted. This Agreement may not be altered or amended in any manner without the express written
consent of the Grantor, the Collateral Agent and the Approved Securities Intermediary. This Agreement may be executed in any number of counterparts, all of which shall constitute one original agreement. 

This Agreement may be terminated by the Approved Securities Intermediary upon 30 days’ prior written notice to the Grantor and the Collateral Agent. The
Collateral Agent may terminate this Agreement upon 3 days’ prior written notice to the Approved Security Intermediary and the Grantor. 
 The Grantor
acknowledges that this Agreement supplements any existing agreements of the Grantor with the Approved Securities Intermediary and, except as expressly provided herein, is in no way intended to abridge any rights that the Approved Securities
Intermediary might otherwise have. 
 This Agreement may be executed by one or more of the parties to this Agreement on any number of separate counterparts
(including by telecopy or other electronic transmission), each of which 

  
 A-4 

 
when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Signature pages may be detached from multiple counterparts and
attached to a single counterpart so that all signature pages are attached to the same document. Delivery of an executed counterpart by telecopy (or other electronic transmission) shall be effective as delivery of a manually executed counterpart.

 [THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.] 

  
 A-5 

 IN WITNESS WHEREOF, the Grantor and the Collateral Agent have caused this Agreement to be executed by
their respective duly authorized officers all as of the date first above written. 
  

			
	[GRANTOR]
		
	By		  

			Name:
			Title:
	
	MORGAN STANLEY SENIOR FUNDING, INC., as Collateral Agent
		
	By		  

			Name:
			Title:
	
	ACCEPTED AND AGREED:
	
	[APPROVED SECURITIES INTERMEDIARY]
		
	By		  

			Name:
			Title:

  
 A-6 

 Exhibit A to Control Account Agreement 

Assets 

  
 A-7 

 Exhibit B to Control Account Agreement 

Form of Notice of Exclusive Control 

[Approved Securities Intermediary] 
 [Address] 

 

	Re:	Account No.              (the “Account”) 

Ladies and Gentlemen: 
 Reference is made to the Account
and that certain Control Account Agreement, dated             , 20[    ] (the “Control Account Agreement”) among you, Morgan Stanley Senior Funding,
Inc., as collateral agent (the “Collateral Agent”), and [name of Grantor]. Capitalized terms used herein shall have the meanings given to them in the Control Account Agreement. 

The Collateral Agent hereby notifies you that an Event of Default has occurred and is continuing under the Pledge and Security Agreement, and that, from and
after the date of this notice and until you receive a written revocation of this notice from the Collateral Agent, you are hereby directed to not allow the Grantor to give instructions or entitlement orders in respect of the Account and to accept
instructions and entitlement orders only from the Collateral Agent in respect of the Account. 
 Very truly yours, 

 

			
	 MORGAN STANLEY SENIOR FUNDING, INC.

as Collateral Agent

		
	By		  

			Name:
			Title:

  
 A-8 

 EXHIBIT B 

FORM OF DEPOSIT ACCOUNT CONTROL AGREEMENT 

                 ,
         
 [Date] 

[Deposit Account Bank] 
 [Address] 

Ladies and Gentlemen: 
 Reference is made to account no.
[                    ] in the name
[                    ] maintained with you (the “Bank”) (such account, the “Account”) by
[                    ] (the “Company”) into which funds are deposited from time to time. The Company has entered into an Amended and
Restated Pledge and Security Agreement, dated March 12, 2015 (such agreement as further amended, amended and restated, supplemented or otherwise modified from time to time, the “Pledge and Security Agreement”), together with
Cypress Semiconductor Corporation, the other Grantors and Additional Grantors (each as defined therein) and Morgan Stanley Senior Funding, Inc., as collateral agent for the Secured Parties (as defined therein) (herein in such capacity, the
“Collateral Agent”). 
 Pursuant to the Pledge and Security Agreement and related documents, the Company has granted to the
Collateral Agent, for the benefit of the Secured Parties, a security interest in certain property of the Company, including, among other things, accounts, inventory, equipment, deposit accounts, instruments, general intangibles and all proceeds
thereof. 
 The Company hereby transfers to the Collateral Agent control of the Account and all funds and other property on deposit therein. By your
execution of this letter agreement, you (a) agree that you shall comply with instructions originated by the Collateral Agent directing disposition of the funds and other property on deposit in the Account without further consent of the Company
or any other person or entity and (b) acknowledge that the Collateral Agent now has control of the Account, that the Account is being maintained by you for the benefit of the Collateral Agent and that all amounts and other property therein are
held by you as custodian for the Collateral Agent. 
 Except as provided in clause (d) below, the Bank will not exercise, and the Account and all funds
and other property on deposit therein shall not be subject to, any security interest, deduction, right of set-off, banker’s lien, counterclaim, defense, recoupment or any other right, and the Bank hereby subordinates to the Collateral Agent any
such security interest, lien or right which it may have against the Account or any funds and other property on deposit therein. By your execution of this letter agreement you also acknowledge that, as of the date hereof, you have received no notice
of any other pledge or assignment of the Account and have not executed any agreements with third parties covering the disposition of funds in the Account. 

  
 B-1 

 You agree with the Collateral Agent as follows: 

The Account is in the name of “[IDENTIFY EXACT TITLE OF ACCOUNT]” and you will not change the name or the account number on the
Account without the prior written consent of the Collateral Agent and the Company. You are a “bank” as defined in Section 9-102(a)(8) of the Uniform Commercial Code as in effect from time to time in the State of New York (the
“UCC”). 
  

	 	(a)	Notwithstanding anything to the contrary or any other agreement relating to the Account, the Account is and shall be maintained for the benefit of the Collateral Agent. At the request of the Collateral Agent, you will
promptly send copies of all statements, confirmations and other correspondence concerning the Account to the Collateral Agent at the following address: 

Morgan Stanley Senior Funding, Inc. 

1585 Broadway 
 New York, New
York 10036 
 Attention: [Matt Cieslak] 

E-mail: [msagency@ms.com] 

Telephone: [212-507-6680] 
  

	 	(b)	Prior to the delivery to you of a written notice from the Collateral Agent in the form of Exhibit A hereto (a “Notice of Exclusive Control”), you are authorized to accept instructions, withdrawals and
transfers from the Company. 

  

	 	(c)	From and after the delivery to you of a Notice of Exclusive Control and until delivery to you of a written revocation thereof from the Collateral Agent, you will not allow the Company to withdraw funds from the Account
and will not comply with any direction, instructions or entitlement orders or instructions from the Company with respect to the Account, and you are authorized to accept directions, instructions, entitlement orders, withdrawals and transfers only
from the Collateral Agent. 

  

	 	(d)	All customary service charges and fees with respect to the Account shall be debited to the Account. In the event insufficient funds remain in the Account to cover such customary service charges and fees, the Company
shall pay and indemnify you for the amounts of such customary service charges and fees. 

 This letter agreement shall be binding upon and
shall inure to the benefit of you, the Company, the Collateral Agent, the Secured Parties and the respective successors, transferees and assigns of 

  
 B-2 

 
any of the foregoing. This letter agreement may not be modified except upon the mutual written consent of the Collateral Agent, the Company and you. You may terminate the letter agreement only
upon 30 days’ prior written notice to the Company and the Collateral Agent. The Collateral Agent may terminate this letter agreement upon 3 days’ prior written notice to you and the Company. 

This letter agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed
shall be deemed to be an original and all of which when taken together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this letter agreement by telecopier (or other electronic transmission)
shall be effective as delivery of a manually executed counterpart of this letter agreement. 
 This letter agreement supersedes all prior agreements, oral
or written, with respect to the subject matter hereof and may not be amended, modified or supplemented except by a writing signed by the Collateral Agent, the Company and you. 

This letter agreement shall be governed by, and construed and enforced in accordance with, the law of the State of New York without regard to conflict of law
principles thereof that would result in the application of any law other than the law of the State of New York. Regardless of any provision in any other agreement, for purposes of the UCC, New York shall be deemed to be your jurisdiction within the
meaning of Section 9-304 of the UCC and the Account shall be governed by the laws of the State of New York. 
 Upon acceptance of this letter agreement
it shall be the valid and binding obligation of the Company, the Collateral Agent and you, in accordance with its terms. 
 Very truly yours, 

 

			
	[NAME OF GRANTOR]
		
	By		  

			Name:
			Title:
	
	MORGAN STANLEY SENIOR FUNDING, INC. as Collateral Agent
		
	By		  

			Name:
			Title:

  
 B-3 

			
	Acknowledged and Agreed:
	
	[DEPOSIT ACCOUNT BANK]
		
	By		  

			Name:
			Title:

  
 B-4 

 Exhibit A to Deposit Account Control Agreement 

Form of Notice of Exclusive Control 

[Deposit Account Bank] 
 [Address] 

 

	Re:	Account No.              (the “Account”) 

Ladies and Gentlemen: 
 Reference is made to the Account
and that certain Deposit Account Control Agreement, dated             , 20[    ] (the “Deposit Account Control Agreement”) among you, MORGAN STANLEY
SENIOR FUNDING, INC., as collateral agent (the “Collateral Agent”) and [                    ]. Capitalized terms used herein shall
have the meanings given to them in the Deposit Account Control Agreement. 
 The Collateral Agent hereby notifies you that an Event of Default has
occurred under the Pledge and Security Agreement, and that, from and after the date of this notice and until you receive a written revocation of this notice from the Collateral Agent, you are hereby directed not to allow the Company to withdraw
funds from the Account and to not comply with any direction, instructions or entitlement orders or instructions from the Company with respect to the Account, and to accept directions, instructions, entitlement orders, withdrawals and transfers only
from the Collateral Agent to such other account as the Collateral Agent may from time to time designate in writing. 
 Very truly yours, 

 

			
	MORGAN STANLEY SENIOR FUNDING, INC., as Collateral Agent
		
	By		  

			Name:
			Title:

  
 B-5 

 EXHIBIT C 

FORM OF SECURITY SUPPLEMENT 
 This
SECURITY SUPPLEMENT, dated as of [            ], 20[    ], is delivered pursuant to the Amended and Restated Pledge and Security Agreement, dated as of
March 12, 2015 (as it may from time to time be further amended and/or restated, modified or supplemented, the “Security Agreement”), among CYPRESS SEMICONDUCTOR CORPORATION, the other Grantors and Additional Grantors, as
defined therein (each of the foregoing, individually, a “Grantor” and collectively, the “Grantors”) and MORGAN STANLEY SENIOR FUNDING, INC., as collateral agent for the Secured Parties as defined therein (in such
capacity, the “Collateral Agent”). Capitalized terms used herein but not defined herein are used with the meanings given them in the Security Agreement. 

Each Grantor confirms as set forth in the Security Agreement that it pledges and grants to the Collateral Agent, for its benefit and for the benefit of the
Secured Parties, a continuing security interest in and Lien on all of its right, title and interest in, to and under the Collateral, in each case whether now owned or existing or hereafter acquired or arising and wherever located, as security for
the prompt and complete payment and performance in full when due (whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise, including the payment of amounts that would become due but for the operation of the
automatic stay under Section 362(a) of the Bankruptcy Code) of all Secured Obligations. 
 Each Grantor represents and warrants that the attached
supplements to the Pledge and Security Disclosure Letter accurately and completely set forth all additional information required pursuant to the Security Agreement and hereby agrees that such supplements to the Pledge and Security Disclosure Letter
shall constitute part of the Pledge and Security Disclosure Letter to the Security Agreement. 
 IN WITNESS WHEREOF, each Grantor has caused this Security
Supplement to be duly executed and delivered by its duly authorized officer as of [            , 20[    ]]. 

 

			
	[GRANTOR],
		
	By:		  

			Name:
			Title:

 [ADDITIONAL GRANTORS] 

  
 C-1 

 EXHIBIT D 

FORM OF JOINDER AGREEMENT 
 This
JOINDER AGREEMENT, dated as of [            ], 20[    ], is delivered pursuant to Section 5.2 of the Amended and Restated Pledge and Security Agreement,
dated as of March 12, 2015 (as it may from time to time be further amended and/or restated, modified or supplemented, the “Pledge and Security Agreement”), among CYPRESS SEMICONDUCTOR CORPORATION, the other Grantors and
Additional Grantors as defined therein and MORGAN STANLEY SENIOR FUNDING, INC., as collateral agent for the Secured Parties as defined therein (herein in such capacity, the “Collateral Agent”). Capitalized terms used herein but not
defined herein are used with the meanings given them in the Pledge and Security Agreement. 
 By executing and delivering this Joinder Agreement, the
undersigned, as provided in Section 5.2 of the Pledge and Security Agreement, hereby becomes a party to the Pledge and Security Agreement as a Grantor thereunder with the same force and effect as if originally named as a Grantor therein and,
without limiting the generality of the foregoing, hereby: 
 (a) pledges and grants to the Collateral Agent, for its benefit
and for the benefit of the Secured Parties, a continuing security interest in and Lien on all of its right, title and interest in, to and under the Collateral, in each case whether now owned or existing or hereafter acquired or arising and wherever
located, as security for the prompt and complete payment and performance in full when due (whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise, including the payment of amounts that would become due but
for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code) of all Secured Obligations; 
 (b)
expressly assumes all obligations and liabilities of a Grantor under the Pledge and Security Agreement; and 
 (c) hereby
authorizes the Collateral Agent, at the expense of the Grantor, to file a Record or Records, including financing statements, continuation statements and, in each case, amendments thereto, in all United States jurisdictions and with all filing
offices as the Collateral Agent may determine, in its reasonable discretion, are necessary or advisable to perfect (or release) the Security Interest granted to the Collateral Agent herein, without the signature of such Grantor. Such financing
statements may describe the Collateral in the same manner as described herein or may contain an indication or description of the Collateral that describes such property in any other manner as the Collateral Agent may determine, in its reasonable
discretion, is necessary, advisable or prudent to ensure the perfection of the Security Interest in the Collateral granted to the 

  
 D-1 

 
Collateral Agent herein, including describing such property as “all assets, whether now owned or hereafter acquired” or “all personal property, whether now owned or hereafter
acquired” or words of similar import; provided that at the request of any applicable Grantor, the Collateral Agent shall promptly file an amendment statement with respect to any such Record to exclude any property that is released from,
or otherwise ceases to be included in, the Collateral pursuant to the provisions of this Agreement or any other Credit Document. 
 The information set
forth in Exhibit A hereto is hereby added to the information set forth in the Pledge and Security Disclosure Letter to the Pledge and Security Agreement. 

The undersigned hereby represents and warrants that each of the representations and warranties contained in Section 3 (Representations and Warranties) of
the Pledge and Security Agreement applicable to it is true and correct (subject to all materiality qualifiers contained therein) as if made on and as of the date hereof (unless stated to relate solely to an earlier date, in which case such
representations and warranties are true and correct (subject to all materiality qualifiers contained therein) as of such earlier date). 
 This Joinder
Agreement and the rights and obligations of the parties hereto (including, without limitation, any claims sounding in contract law or tort law arising out of the subject matter hereof and any determinations with respect to post-judgment interest)
shall be governed by, and construed and enforced in accordance with, the laws of the State of New York without regard to conflict of laws principles thereof that would result in the application of any law other than the law of the state of New York.
The terms and provisions of Section 9.13 of the Pledge and Security Agreement are incorporated by reference herein with respect hereto as if fully set forth herein. 

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.] 

  
 D-2 

 IN WITNESS WHEREOF, the undersigned has caused this Joinder Agreement to be duly executed
and delivered as of the date first above written. 
  

			
	[ADDITIONAL GRANTOR]
		
	By		  

			Name:
			Title:
	
	ACKNOWLEDGED AND AGREED
	
	as of the date first above written:
	
	 MORGAN STANLEY SENIOR FUNDING, INC.,

as Collateral Agent

		
	By		  

			Name:
			Title:

  
 D-3 

 Exhibit A To Joinder Agreement 

Security Supplement 

  
 D-4 

 EXHIBIT E 

FINANCING STATEMENTS 

  
 E-1 

 EXHIBIT F-1 

FORM OF PATENT SECURITY AGREEMENT 

This PATENT SECURITY AGREEMENT, dated as of             , 20     (this
“Agreement”), among [                    ],
[                    ], each Additional Grantor listed on the signature pages hereto, (all of the foregoing, each a “Grantor” and
collectively, the “Grantors”), and MORGAN STANLEY SENIOR FUNDING, INC., as collateral agent for the Secured Parties (as defined in the Pledge and Security Agreement referred to below) (herein in such capacity, the
“Collateral Agent”). 
 RECITALS 
  

	(A)	CYPRESS SEMICONDUCTOR CORPORATION (the “Borrower”), the GUARANTORS as defined therein, the LENDERS from time to time party thereto, MORGAN STANLEY SENIOR FUNDING, INC., as administrative agent (in such
capacity, the “Administrative Agent”) and collateral agent for the Lenders and the other AGENTS from time to time party thereto, and MORGAN STANLEY BANK, N.A., as Issuing Bank, have entered into an Amended and Restated Credit and
Guaranty Agreement, dated as of March 12, 2015 (as further amended and/or restated, supplemented or otherwise modified from time to time, the “Credit Agreement”). 

 

	(B)	The Grantors are party to an Amended and Restated Pledge and Security Agreement, dated as of March 12, 2015, in favor of the Collateral Agent (as further amended and/or restated, supplemented or otherwise modified
from time to time, the “Pledge and Security Agreement”), pursuant to which certain Grantors are required to execute and deliver this Agreement. 

  

	(C)	In consideration of the mutual conditions and agreements set forth in the Credit Agreement, the Pledge and Security Agreement and this Agreement, and other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto hereby agree as follows: 

  

	SECTION 1	Defined Terms 

 Unless otherwise defined herein, terms defined in the Pledge and Security Agreement and
used herein have the meaning given to them in the Pledge and Security Agreement. 

  
 F-1-1 

	SECTION 2	Grant of Security Interest in Patent Collateral 

 As security for the prompt and complete payment and
performance in full when due (whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise, including the payment of amounts that would become due but for the operation of the automatic stay under
Section 362(a) of the Bankruptcy Code) of all Secured Obligations, each Grantor hereby pledges and grants to the Collateral Agent, for its benefit and for the benefit of the Secured Parties, a continuing security interest in and Lien on all of
its right, title and interest in, to and under all Patent Collateral, whether now owned or existing or hereafter acquired or arising and wherever located. 

“Patent Collateral” means each Grantor’s right, title and interest in, to and under: 

(a) all Patents owned by such Grantor, including, without limitation, those referred to on Schedule I hereto; 

(b) all reissues, continuations or extensions of the foregoing; and 

(c) to the extent not already included in the foregoing, all Proceeds of the foregoing, including, without limitation, any
claim by Grantor against third parties for past, present, future infringement, misappropriation, dilution or other violation of any Patent owned by such Grantor or Patent licensed to such Grantor under any Patent License. 

 

	SECTION 3	Certain Exclusions 

 Notwithstanding anything herein to the contrary, in no event shall the Collateral
include and no Grantor shall be deemed to have granted a Security Interest in, any of its right, title or interest in any Patent if the grant of such Security Interest shall constitute or result in the abandonment of, invalidation of or rendering
unenforceable any of its right, title or interest therein. 
  

	SECTION 4	Pledge and Security Agreement 

 The security interest granted pursuant to this Agreement is granted
concurrently in conjunction with the security interest granted to the Collateral Agent pursuant to the Pledge and Security Agreement, and each Grantor hereby acknowledges and affirms that the rights and remedies of the Collateral Agent with respect
to the security interest in the Patent Collateral made and granted hereby is more fully set forth in the Pledge and Security Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein. 

  
 F-1-2 

	SECTION 5	Termination, Release 

 (a) This Agreement, the Security Interest and all
other security interests granted hereby shall terminate in accordance with Section 10.08(e) of the Credit Agreement. 

(b) A Grantor shall automatically be released from its obligations hereunder and the Security Interest in the Collateral of
such Grantor shall be automatically released upon the consummation of any transaction permitted by the Credit Agreement as a result of which such Grantor ceases to be a Subsidiary of any Borrower; provided that the Requisite Lenders shall
have consented to such transaction (to the extent required by the Credit Agreement) and the terms of such consent did not provide otherwise. 

(c) Upon any sale or other transfer by any Grantor of any Collateral that is permitted under the Credit Agreement, or upon the
effectiveness of any written consent to the release of the Security Interest granted hereby in any Collateral pursuant to the Credit Agreement or the Pledge and Security Agreement, the Security Interest in such Collateral shall be automatically
released. 
 (d) In connection with any termination or release pursuant to paragraph (a), (b) or (c) of this
Section 5, the Collateral Agent shall execute and deliver to any Grantor at such Grantor’s expense, all UCC termination statements, releases and similar documents that such Grantor shall reasonably request to evidence such termination or
release. Any execution and delivery of termination statements, releases, or other documents pursuant to this Section 5 shall be without recourse to or warranty by the Collateral Agent. 

 

	SECTION 6	Governing Law and Consent to Jurisdiction 

 THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAW PRINCIPLES THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF
NEW YORK. THE TERMS AND PROVISIONS OF SECTION 9.13 OF THE PLEDGE AND SECURITY AGREEMENT ARE INCORPORATED BY REFERENCE HEREIN WITH RESPECT HERETO AS IF FULLY SET FORTH HEREIN. 

[Signature Page Follows] 

  
 F-1-3 

 IN WITNESS WHEREOF, each Grantor has caused this Patent Security Agreement to be executed
and delivered by its duly authorized officer as of the date first set forth above. 
 Very truly yours, 

 

			
	[                    ]
		
	By		  

			Name:
			Title:
	
	[ADDITIONAL GRANTORS]
		
	By		  

			Name:
			Title:
		
	By		  

			Name:
			Title:

  

			
	 ACCEPTED AND AGREED:

MORGAN STANLEY SENIOR FUNDING, INC., as Collateral Agent

		
	By		  

			Name:
			Title:

  
 F-1-4 

 SCHEDULE I 

PATENTS 
  

	(A)	ISSUED PATENTS 

  

					
	 Patent No.
	  	 	  	 
	 	  	 	  	 
	 	  	 	  	 
	 	  	 	  	 

  

	(B)	PATENT APPLICATIONS 

  

					
	 Patent No.
	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

  
 F-1-5 

 EXHIBIT F-2 

FORM OF TRADEMARK SECURITY AGREEMENT 

This TRADEMARK SECURITY AGREEMENT, dated as of             , 20    
(this “Agreement”), among [                    ],
[                    ], each Additional Grantor listed on the signature pages hereto, (all of the foregoing, each a “Grantor” and
collectively, the “Grantors”), and MORGAN STANLEY SENIOR FUNDING, INC., as collateral agent for the Secured Parties (as defined in the Pledge and Security Agreement referred to below) (herein in such capacity, the
“Collateral Agent”). 
 RECITALS 
  

	(A)	CYPRESS SEMICONDUCTOR CORPORATION (the “Borrower”), the GUARANTORS as defined therein, the LENDERS from time to time party thereto, MORGAN STANLEY SENIOR FUNDING, INC., as administrative agent (in such
capacity, the “Administrative Agent”) and collateral agent for the Lenders and the other AGENTS from time to time party thereto, and MORGAN STANLEY BANK, N.A., as Issuing Bank, have entered into an Amended and Restated Credit and
Guaranty Agreement, dated as of March 12, 2015 (as further amended and/or restated, supplemented or otherwise modified from time to time, the “Credit Agreement”). 

 

	(B)	The Grantors are party to an Amended and Restated Pledge and Security Agreement, dated as of March 12, 2015, in favor of the Collateral Agent (as further amended and/or restated, supplemented or otherwise modified
from time to time, the “Pledge and Security Agreement”), pursuant to which certain Grantors are required to execute and deliver this Agreement. 

  

	(C)	In consideration of the mutual conditions and agreements set forth in the Credit Agreement, the Pledge and Security Agreement and this Agreement, and other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto hereby agree as follows: 

  

	SECTION 1	Defined Terms 

 Unless otherwise defined herein, terms defined in the Pledge and Security Agreement and
used herein have the meaning given to them in the Pledge and Security Agreement. 

  
 F-2-1 

	SECTION 2	Grant of Security Interest in Trademark Collateral 

 As security for the prompt and complete payment and
performance in full when due (whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise, including the payment of amounts that would become due but for the operation of the automatic stay under
Section 362(a) of the Bankruptcy Code) of all Secured Obligations, each Grantor hereby pledges and grants to the Collateral Agent, for its benefit and for the benefit of the Secured Parties, a continuing security interest in and Lien on all of
its right, title and interest in, to and under all Trademark Collateral, whether now owned or existing or hereafter acquired or arising and wherever located. 

“Trademark Collateral” means each Grantor’s right, title and interest in, to and under: 

(a) all Trademarks owned by such Grantor, including, without limitation, those referred to on Schedule I hereto; 

(b) all goodwill of the business connected with the use of, and symbolized by, each such Trademark; 

(c) all reissues, continuations or extensions of the foregoing; and 

(d) to the extent not already included in the foregoing, all Proceeds of the foregoing, including, without limitation, any
claim by Grantor against third parties for past, present, future (i) infringement, misappropriation, dilution or other violation of any Trademark owned by such Grantor or Trademark licensed to such Grantor under any Trademark License or
(ii) injury to the goodwill associated with any Trademark. 
  

	SECTION 3	Certain Exclusions 

 Notwithstanding anything herein to the contrary, in no event shall the Collateral
include and no Grantor shall be deemed to have granted a Security Interest in, any of its right, title or interest in any Trademark if the grant of such Security Interest shall constitute or result in the abandonment of, invalidation of or rendering
unenforceable any of its right, title or interest therein. 
  

	SECTION 4	Pledge and Security Agreement 

 The security interest granted pursuant to this Agreement is granted
concurrently in conjunction with the security interest granted to the Collateral Agent pursuant to the Pledge and Security Agreement, and each Grantor hereby acknowledges and affirms that the rights and remedies of

  
 F-2-2 

 
the Collateral Agent with respect to the security interest in the Trademark Collateral made and granted hereby is more fully set forth in the Pledge and Security Agreement, the terms and
provisions of which are incorporated by reference herein as if fully set forth herein. 
  

	SECTION 5	Termination, Release 

 (a) This Agreement, the Security Interest and all
other security interests granted hereby shall terminate in accordance with Section 10.08(e) of the Credit Agreement. 

(b) A Grantor shall automatically be released from its obligations hereunder and the Security Interest in the Collateral of
such Grantor shall be automatically released upon the consummation of any transaction permitted by the Credit Agreement as a result of which such Grantor ceases to be a Subsidiary of any Borrower; provided that the Requisite Lenders shall
have consented to such transaction (to the extent required by the Credit Agreement) and the terms of such consent did not provide otherwise. 

(c) Upon any sale or other transfer by any Grantor of any Collateral that is permitted under the Credit Agreement, or upon the
effectiveness of any written consent to the release of the Security Interest granted hereby in any Collateral pursuant to the Credit Agreement or the Pledge and Security Agreement, the Security Interest in such Collateral shall be automatically
released. 
 (d) In connection with any termination or release pursuant to paragraph (a), (b) or (c) of this
Section 5, the Collateral Agent shall execute and deliver to any Grantor at such Grantor’s expense, all UCC termination statements, releases and similar documents that such Grantor shall reasonably request to evidence such termination or
release. Any execution and delivery of termination statements, releases, or other documents pursuant to this Section 5 shall be without recourse to or warranty by the Collateral Agent. 

 

	SECTION 6	Governing Law and Consent to Jurisdiction 

 THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAW PRINCIPLES THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF
NEW YORK. THE TERMS AND PROVISIONS OF SECTION 9.13 OF THE PLEDGE AND SECURITY AGREEMENT ARE INCORPORATED BY REFERENCE HEREIN WITH RESPECT HERETO AS IF FULLY SET FORTH HEREIN. 

[Signature Page Follows] 

  
 F-2-3 

 IN WITNESS WHEREOF, each Grantor has caused this Trademark Security Agreement to be
executed and delivered by its duly authorized officer as of the date first set forth above. 
 Very truly yours, 

 

			
	[                    ]
		
	By		  

			Name:
			Title:
	
	[ADDITIONAL GRANTORS]
		
	By		  

			Name:
			Title:
		
	By		  

			Name:
			Title:

  

			
	 ACCEPTED AND AGREED:

MORGAN STANLEY SENIOR FUNDING, INC., as Collateral Agent

		
	By		  

			Name:
			Title:

  
 F-2-4 

 SCHEDULE I 

TRADEMARK REGISTRATIONS 
  

	(A)	REGISTERED TRADEMARKS 

  

					
	 Trademark
	  	 Reg. No.
	  	 Date

	 	  	 	  	 
	 	  	 	  	 
	 	  	 	  	 

  

	(B)	TRADEMARK APPLICATIONS 

  

					
	 Trademark
	  	 App. No.
	  	 Date

	 	  	 	  	 
	 	  	 	  	 
	 	  	 	  	 

  
 F-2-5 

 EXHIBIT F-3 

FORM OF COPYRIGHT SECURITY AGREEMENT 

This COPYRIGHT SECURITY AGREEMENT, dated as of             , 20    
(this “Agreement”), among [                    ],
[                    ], each Additional Grantor listed on the signature pages hereto, (all of the foregoing, each a “Grantor” and
collectively, the “Grantors”), and MORGAN STANLEY SENIOR FUNDING, INC., as collateral agent for the Secured Parties (as defined in the Pledge and Security Agreement referred to below) (herein in such capacity, the
“Collateral Agent”). 
 RECITALS 
  

	(A)	CYPRESS SEMICONDUCTOR CORPORATION (the “Borrower”), the GUARANTORS as defined therein, the LENDERS from time to time party thereto, MORGAN STANLEY SENIOR FUNDING, INC., as administrative agent (in such
capacity, the “Administrative Agent”) and collateral agent for the Lenders and the other AGENTS from time to time party thereto, and MORGAN STANLEY BANK, N.A., as Issuing Bank, have entered into an Amended and Restated Credit and
Guaranty Agreement, dated as of March 12, 2015 (as further amended and/or restated, supplemented or otherwise modified from time to time, the “Credit Agreement”). 

 

	(B)	The Grantors are party to an Amended and Restated Pledge and Security Agreement, dated as of March 12, 2015, in favor of the Collateral Agent (as further amended and/or restated, supplemented or otherwise modified
from time to time, the “Pledge and Security Agreement”), pursuant to which certain Grantors are required to execute and deliver this Agreement. 

  

	(C)	In consideration of the mutual conditions and agreements set forth in the Credit Agreement, the Pledge and Security Agreement and this Agreement, and other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto hereby agree as follows: 

  

	SECTION 1	Defined Terms 

 Unless otherwise defined herein, terms defined in the Pledge and Security Agreement and
used herein have the meaning given to them in the Pledge and Security Agreement. 

  
 F-3-1 

	SECTION 2	Grant of Security Interest in Copyright Collateral 

 As security for the prompt and complete payment and
performance in full when due (whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise, including the payment of amounts that would become due but for the operation of the automatic stay under
Section 362(a) of the Bankruptcy Code) of all Secured Obligations, each Grantor hereby pledges and grants to the Collateral Agent, for its benefit and for the benefit of the Secured Parties, a continuing security interest in and Lien on all of
its right, title and interest in, to and under all Copyright Collateral, whether now owned or existing or hereafter acquired or arising and wherever located. 

“Copyright Collateral” means each Grantor’s right, title and interest in, to and under: 

(a) all Copyrights owned by such Grantor, including, without limitation, those referred to on Schedule I hereto; 

(b) all reissues, continuations or extensions of the foregoing; and 

(c) to the extent not already included in the foregoing, all Proceeds of the foregoing, including, without limitation, any
claim by Grantor against third parties for past, present, future infringement, misappropriation, dilution or other violation of any Copyright owned by such Grantor or Copyright licensed to such Grantor under any Copyright License. 

 

	SECTION 3	Certain Exclusions 

 Notwithstanding anything herein to the contrary, in no event shall the Collateral
include and no Grantor shall be deemed to have granted a Security Interest in, any of its right, title or interest in any Copyright if the grant of such Security Interest shall constitute or result in the abandonment of, invalidation of or rendering
unenforceable any of its right, title or interest therein. 
  

	SECTION 4	Pledge and Security Agreement 

 The security interest granted pursuant to this Agreement is granted
concurrently in conjunction with the security interest granted to the Collateral Agent pursuant to the Pledge and Security Agreement, and each Grantor hereby acknowledges and affirms that the rights and remedies of the Collateral Agent with respect
to the security interest in the Copyright Collateral made and granted hereby is more fully set forth in the Pledge and Security Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein. 

  
 F-3-2 

	SECTION 5	Termination, Release 

 (a) This Agreement, the Security Interest and all
other security interests granted hereby shall terminate in accordance with Section 10.08(e) of the Credit Agreement. 

(b) A Grantor shall automatically be released from its obligations hereunder and the Security Interest in the Collateral of
such Grantor shall be automatically released upon the consummation of any transaction permitted by the Credit Agreement as a result of which such Grantor ceases to be a Subsidiary of any Borrower; provided that the Requisite Lenders shall
have consented to such transaction (to the extent required by the Credit Agreement) and the terms of such consent did not provide otherwise. 

(c) Upon any sale or other transfer by any Grantor of any Collateral that is permitted under the Credit Agreement, or upon the
effectiveness of any written consent to the release of the Security Interest granted hereby in any Collateral pursuant to the Credit Agreement or the Pledge and Security Agreement, the Security Interest in such Collateral shall be automatically
released. 
 (d) In connection with any termination or release pursuant to paragraph (a), (b) or (c) of this
Section 5, the Collateral Agent shall execute and deliver to any Grantor at such Grantor’s expense, all UCC termination statements, releases and similar documents that such Grantor shall reasonably request to evidence such termination or
release. Any execution and delivery of termination statements, releases, or other documents pursuant to this Section 5 shall be without recourse to or warranty by the Collateral Agent. 

 

	SECTION 6	Governing Law and Consent to Jurisdiction 

 THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAW PRINCIPLES THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF
NEW YORK. THE TERMS AND PROVISIONS OF SECTION 9.13 OF THE PLEDGE AND SECURITY AGREEMENT ARE INCORPORATED BY REFERENCE HEREIN WITH RESPECT HERETO AS IF FULLY SET FORTH HEREIN. 

[Signature Page Follows] 

  
 F-3-3 

 IN WITNESS WHEREOF, each Grantor has caused this Copyright Security Agreement to be
executed and delivered by its duly authorized officer as of the date first set forth above. 
 Very truly yours, 

 

			
	[                    ]
		
	By		  

			Name:
			Title:
	
	[ADDITIONAL GRANTORS]
		
	By		  

			Name:
			Title:
		
	By		  

			Name:
			Title:

  

			
	ACCEPTED AND AGREED:
	MORGAN STANLEY SENIOR FUNDING, INC., as Collateral Agent
		
	By		  

			Name:
			Title:

  
 F-3-4 

 SCHEDULE I 

COPYRIGHT REGISTRATIONS 
  

	(A)	REGISTERED COPYRIGHTS 

  

					
	 Title
	  	 Copyright Reg. No.
	  	 Date

	 	  	 	  	 
	 	  	 	  	 
	 	  	 	  	 

  

	(B)	COPYRIGHT APPLICATIONS 

  

					
	 Title
	  	 	  	 Date

	 	  	 	  	 
	 	  	 	  	 
	 	  	 	  	 

  

	(C)	EXCLUSIVE INBOUND U.S. COPYRIGHT LICENSES 

  

					
	 Title
	  	 	  	 Date

	 	  	 	  	 
	 	  	 	  	 
	 	  	 	  	 

  
 F-3-5Exhibit 10.1

 

Execution Version

 

 

 

SHARE PURCHASE AGREEMENT

 

by and among

 

EACH
OF THE SELLERS NAMED ON SCHEDULE I HERETO, 

as Sellers,

 

and

 

id
global solutions corporation, 

as Buyer,

 

Dated as of March 6, 2015

 

 

 

    	 

    	 

    

 

TABLE OF CONTENTS

 

	ARTICLE I. INTERPRETATION AND DEFINITIONS	1
	Section 1.1	 	Definitions	1
	Section 1.2	 	Interpretation	5
	 	 	 	 
	ARTICLE II. PURCHASE AND SALE OF SHARES	6
	Section 2.1	 	Purchase and Sale of Shares.	6
	Section 2.2	 	Purchase Price.	6
	Section 2.3	 	Payment of the Purchase Price	6
	Section 2.4	 	Adherence with Applicable Securities Laws	6
	Section 2.5	 	Closing Date.	7
	Section 2.6	 	Issuance of Share Certificates; Registration in the Stock Ledger..	7
	Section 2.7	 	Transactions on the Closing Date.	7
	 	 	 	 
	ARTICLE III. REPRESENTATIONS AND WARRANTIES WITH RESPECT TO THE SELLERS	9
	Section 3.1	 	Capacity and Authority.	9
	Section 3.2	 	No Conflicts.	9
	Section 3.3	 	Title.	9
	Section 3.4	 	Actions.	9
	Section 3.5	 	Securities Act of  1933.	10
	Section 3.6	 	Disclosure.	10
	 	 	 	 
	ARTICLE IV. REPRESENTATIONS AND WARRANTIES WITH RESPECT TO THE COMPANY AND THE SUBSIDIARY	10
	Section 4.1	 	Organization.	10
	Section 4.2	 	Authorization.	10
	Section 4.3	 	No Conflicts	11
	Section 4.4	 	Capitalization.	11
	Section 4.5	 	Financial Statements.	11
	Section 4.6	 	Undisclosed Liabilities.	12
	Section 4.7	 	Tax Matters.	12
	Section 4.8	 	Assets.	13
	Section 4.9	 	Leased Property	13
	Section 4.10	 	Material Contracts.	13
	Section 4.11	 	Intellectual Property; Privacy.	14
	Section 4.12	 	Actions	15
	Section 4.13	 	Customer List	15
	Section 4.14	 	Books and Records.	15
	Section 4.15	 	Compliance with Laws.	16
	Section 4.16	 	Absence of Certain Developments.	16
	Section 4.17	 	Environmental Matters	16
	Section 4.18	 	Labor Matters.	17
	Section 4.19	 	Insurance.	17
	Section 4.20	 	Subsidiary.	18
	Section 4.21	 	Anticorruption.	18
	Section 4.22	 	OFAC Listings	19
	Section 4.23	 	Disclosure.	19

 

    	i

    	 

    

 

	ARTICLE V.  REPRESENTATIONS AND WARRANTIES OF BUYER	19
	Section 5.1	 	Corporate Status	19
	Section 5.2	 	Authorization.	19
	Section 5.3	 	No Conflicts.	20
	Section 5.4	 	Actions.	20
	 	 	 	 
	ARTICLE VI. COVENANTS	20
	Section 6.1	 	Conduct of Business.	20
	Section 6.2	 	Announcements.	21
	Section 6.3	 	Confidentiality.	22
	Section 6.4	 	Access to Information.	22
	Section 6.5	 	Commercially Reasonable Efforts.	23
	Section 6.6	 	Exclusivity.	23
	Section 6.7	 	Notifications.	23
	Section 6.8	 	Non-Compete.	23
	Section 6.9	 	Clawback Liabilities.	24
	Section 6.10	 	Guarantees.	24
	 	 	 	 
	ARTICLE VII. CONDITIONS TO CLOSING	24
	Section 7.1	 	Conditions Precedent to Obligations of Buyer	24
	Section 7.2	 	Conditions Precedent to Obligations of Sellers	25
	 	 	 	 
	ARTICLE VIII. INDEMNIFICATION	26
	Section 8.1	 	Indemnification.	26
	Section 8.2	 	Indemnification Procedures.	26
	Section 8.3	 	Nature of Remedy	28
	Section 8.4	 	Right of Set-Off.	28
	 	 	 	 
	ARTICLE IX. TERMINATION	28
	Section 9.1	 	Termination of Agreement	28
	Section 9.2	 	Effect of Termination	28
	 	 	 	 
	ARTICLE X. MISCELLANEOUS	29
	Section 10.1	 	Expenses.	29
	Section 10.2	 	Governing Law.	29
	Section 10.3	 	Arbitration.	29
	Section 10.4	 	Entire Agreement; Amendments and Waivers.	30
	Section 10.5	 	Taxes.	30
	Section 10.6	 	Table of Contents and Headings.	30
	Section 10.7	 	Notices	30
	Section 10.8	 	Severability.	31
	Section 10.9	 	Binding Effect; Assignment.	31
	Section 10.10	 	Exhibits and Schedules.	31
	Section 10.11	 	Third-Party Beneficiaries	31
	Section 10.12	 	Construction; Independent Legal Advice.	31
	Section 10.13	 	Counterparts.	31

 

    	ii

    	 

    

 

Schedules 

 

	Schedule I	Sellers 
	Schedule 2.1	Shares to be Sold
	Schedule 2.3(a)	Allocation of Shares
	Schedule 2.3(b)	Clawback Liabilities
	Schedule 2.7(a)(vi)	Written Resignations of Directors and Legal Representative(s)
	Schedule 4.5(a)	Financial Statements
	Schedule 4.6	Permitted Liabilities
	Schedule 4.7	Tax Matters
	Schedule 4.7(a)	Tax Returns
	Schedule 4.7(b)	Tax Returns which remain open
	Schedule 4.7(c)	Tax Withholdings
	Schedule 4.7(h)	Payment of Taxes
	Schedule 4.9	Company Leases
	Schedule 4.10(a)	Material Contracts
	Schedule 4.11(a)	Intellectual Property
	Schedule 4.12	Actions
	Schedule 4.13	Customers
	Schedule 4.16	Absence of Certain Developments
	Schedule 4.18(a)	Labor Matters
	Schedule 4.18(e)	Compliance with Labor Matters
	Schedule 4.19	Insurance

 

Exhibits

 

	Exhibit A	Form of Closing Certificate of Buyer 
	Exhibit B	Form of Closing Certificate of Sellers’ Representatives 
	Exhibit C	Bylaws
	Exhibit D	Cancelled Liabilities

 

    	iii

    	 

    

 

SHARE PURCHASE AGREEMENT

 

This SHARE PURCHASE
AGREEMENT, dated as of March 6, 2015 (this “Agreement”), is made by and among each of the parties identified
as a “Seller” on Schedule I attached hereto (such parties identified on Schedule I attached hereto being
hereinafter referred to individually as a “Seller” and collectively as the “Sellers”) and
ID Global Solutions Corporation, a Delaware corporation (together with one or more of its designees, “Buyer”).

 

WITNESSETH:

 

WHEREAS, Sellers
own one hundred percent (100%) of the issued and outstanding shares (the “Shares”) of MULTIPAY S.A., a company
duly organized and validly existing under the laws of the Republic of Colombia (the “Company”);

 

WHEREAS, Sellers
desire to sell, and Buyer desires to purchase one hundred percent (100%) of the issued and outstanding Shares of the Company;

 

WHEREAS, upon the
terms and subject to the conditions set forth herein, Buyer desires to issue 7.600.000 shares on ID Global Solutions Corporation
(the “IDGSC Shares”) to the Sellers, in consideration for the Shares, which such issuance of the IDGSC Shares
will be exempt from the registration requirements of the Securities Act of 1933, as amended, pursuant to an exemption provided
by Section 4(2) thereunder; and

 

NOW, THEREFORE,
in consideration of the foregoing, the representations, warranties, covenants and agreements set forth in this Agreement, the parties
hereby agree as follows:

 

ARTICLE I.

INTERPRETATION AND DEFINITIONS

 

Section 1.1           Definitions.
For purposes of this Agreement, the following terms shall have the meanings set forth below:

 

“Action”
means any action, cause of action, claim, demand, complaint, investigation, petition, suit, litigation, examination, audit, class
action, tutela, arbitration or other proceeding, whether civil, administrative or criminal, at law, in each case, by or
before any Governmental Entity or arbitrator or arbitration panel.

 

“Affiliate”
(and, with a correlative meaning, “Affiliated”) means, with respect to any Person, any direct or indirect subsidiary
of such Person, and any other Person that directly, or through one or more intermediaries, Controls or is Controlled by or is under
common Control with such first Person.

 

“Agreement”
has the meaning set forth in the Preamble.

 

“Arbitral Tribunal”
has the meaning set forth in Section 10.3(a).

 

“Arbitration Request”
has the meaning set forth in Section 10.3(b).

 

“Assets”
has the meaning set forth in Section 4.8(a).

 

    	1

    	 

    

 

“Bylaws”
means the Bylaws of the Company and of the Subsidiary in the form attached as Exhibit C

 

“Books and Records”
means all books of account, ledgers, general, financial, legal, regulatory, Tax, accounting, personnel and employment records,
files, customers’ and suppliers’ lists, sales and promotional literature, correspondence, manuals, data, papers and
other information, whether in hard copy or computer or other format, pertaining to the Company and its Subsidiary or the Business.

 

“Business”
means the engagement in payment gateway and mobile wallet applications and services.

 

“Business Day”
means any day that is not a Saturday, a Sunday or any other day on which commercial banks in Bogotá, Colombia, are required
or authorized by Law to close.

 

“Buyer”
has the meaning set forth in the Preamble.

 

“Cancelled Liabilities”
means the liabilities identified in Exhibit D which shall be paid by the Company before the Closing Date.

 

“Cap”
has the meaning set forth in Section 8.2(c)(ii).

 

“Clawback Liabilities”
has the meaning set forth in Section 2.3(b).

 

“Clawback End
Date” has the meaning set forth in Section 6.5.

 

“Claimant”
has the meaning set forth in Section 10.3(b).

 

“Closing”
has the meaning set forth in Section 2.5.

 

“Closing Date”
has the meaning set forth in Section 2.5.

 

“Closing Payment”
has the meaning set forth in Section 2.3(a).

 

“Company”
has the meaning set forth in the Recitals.

 

“Company Intellectual
Property” has the meaning set forth in Section 4.11(a).

 

“Company Leases”
has the meaning set forth in Section 4.9.

 

“Company Software”
means all Software that is used in the Business and is licensed to the Company pursuant to a written license agreement.

 

“Contaminants”
has the meaning set forth in Section 4.11(c).

 

“Contract”
means any contract, agreement, instrument, undertaking, indenture, commitment, loan, license, sublicense, lease, sublease, settlement,
consent, note, bond, mortgage or other obligation or arrangement (whether written or oral).

 

“Control”
(including the terms “Controlled by” and “under common Control with”) means the possession, directly or
indirectly, of the power to direct or cause the direction of the management policies of a Person, whether through the ownership
of voting securities, by Contract or otherwise.

 

    	2

    	 

    

 

“Encumbrance”
means any mortgage, pledge, deed of trust, hypothecation, security interest, option, claim, lien, charge, easement or other encumbrance
of any kind.

 

“End Date”
has the meaning set forth in Section 2.5 hereof.

 

“Environmental
Law” means any Law relating to pollution or protection of the environment, natural resources or human health and safety.

 

“Financial Statements”
means (a) the audited financial statements, as defined under applicable Law, of the Company as of December 31 of the years 2012
and 2013 (including the related notes and schedules thereto and all auditors’ reports thereon) and (b) the unaudited financial
statements for the year 2014.

 

“GAAP”
means the body of generally accepted accounting principles pursuant to which the Company is required under applicable Law to report
its financial results.

 

“Governmental
Entity” means any national, departmental, provincial, municipal, local or other government, taxing authority, regulatory
or administrative authority, agency or commission or any court, tribunal, or judicial or arbitral body of competent jurisdiction
over the Parties hereto or the Company or the Subsidiary.

 

“Governmental
Order” means any order, writ, judgment, injunction, decree, stipulation, determination or award entered by or with any
Governmental Authority.

 

“Hazardous
Substances” means all materials, wastes or substances defined by, or regulated under, any Environmental Law as a hazardous
waste, hazardous material, hazardous substance, extremely hazardous waste, restricted hazardous waste, contaminant, pollutant,
toxic waste, or toxic substance, including petroleum and petroleum products, asbestos, lead, toxic mold, radioactive materials
and polychlorinated biphenyls.

 

“ICC Court”
has the meaning set forth in Section 10.3(a).

 

“ICC Rules”
has the meaning set forth in Section 10.3(a).

 

“IDGSC Shares”
has the meaning set forth in the Recitals.

 

“Initial IDGSC
Shares” means IDGSC Shares minus the Retained IDGSC Shares.

 

“Indemnified Party”
has the meaning set forth in Section 8.2(a).

 

“Indemnifying
Party” has the meaning set forth in Section 8.2(a).

 

“Intellectual
Property” means all (i) domestic and foreign trademarks, service marks, logos, corporate names, trade names or trade
dress, (ii) registrations and pending applications for any of the foregoing, (iii) patents, copyrights, domain names, and pending
applications therefor and (iv) data, software, trade secrets, designs, technology, know-how, methods and other proprietary rights,
whether or not registered.

 

“Law”
means any law, decree, treaty, statute, code, ordinance, rule, regulation, resolution or other requirement enacted, promulgated,
issued or entered by any competent Governmental Entity.

 

    	3

    	 

    

 

“Leased Real Property”
has the meaning set forth in Section 4.9.

 

“Liability”
means any debt, liability or obligation, whether asserted or unasserted, determined or determinable, absolute or contingent, accrued
or unaccrued and whether due or to become due.

 

“Losses”
has the meaning set forth in Section 8.1(a).

 

“Material Adverse
Effect” means any change, effect, event or circumstance, that is or could reasonably be expected to (a) materially adverse
to the Business, assets, liabilities, condition (financial or otherwise) or results of operations of the Company; provided
that, none of the following shall be taken into account in determining whether there has been or will be, a Material Adverse
Effect: any adverse change, effect, event or circumstance attributable to (i) the announcement or pendency of the transactions
contemplated by this Agreement; (ii) conditions affecting the industry or markets in which the Company participates or the Colombian
economy or capital markets generally; (iii) any change in GAAP or other accounting requirements or principles or any change in
applicable Laws or the interpretation thereof; (iv) any hostilities, acts of war, sabotage, terrorism or military actions, or any
escalation or worsening of any such hostilities, acts of war, sabotage, terrorism or military actions, and (v) changes in Law (or
interpretation thereof.

 

“Material Contracts”
has the meaning set forth in Section 4.10(a).

 

“OFAC”
has the meaning set forth in Section 4.22.

 

“Ordinary Course
of Business” means the ordinary course of business of the Company consistent with past practice.

 

“Organizational
Documents” means, with respect to any Person, its articles of incorporation or organization, by-laws or other organizational
documents.

 

“Permitted Liabilities”
means the Company liabilities set forth in Schedule 4.6.

 

“Person”
means any individual, partnership, association, trust, limited liability company, corporation or other organization or entity,
or any Governmental Entity.

 

“Privacy Laws
and Policies” has the meaning set forth in Section 4.11(d).

 

“Purchase Price”
has the meaning set forth in Section 2.2.

 

“Respondent”
has the meaning set forth in Section 10.3(b).

 

“Retained Amount”
shall mean the total amount of ONE THOUSAND EIGHTEEN MILLION ONE HUNDRED AND SIXTY THOUSAND THREE HUNDRED AND THIRTY FOUR PESOS
(COP$1.018.160.334) represented in Retained IDGSC Shares.

 

“Retained Amount
Payment” has the meaning set forth in Section 2.3(b).

 

“Retained IDGSC
Shares” means the number of IDGSC Shares that Buyer shall retain until the Sellers pay the Clawback Liabilities, for
a total amount of SIX HUNDRED THOUSAND (600.000).

 

“Securities
Act” shall mean Securities Act of 1933, as amended from time to time.

 

“Sellers”
has the meaning set forth in the Preamble.

 

    	4

    	 

    

 

“Sellers
Disclosure Schedule” means the disclosure schedule delivered to Buyer, dated the same date as this Agreement and attached
hereto.

 

“Sellers’
Knowledge” means the actual knowledge, after due inquiry, of each Seller.

 

“SDN List”
has the meaning set forth in Section 4.22.

 

“Shares”
has the meaning set forth in the Recitals.

 

“Software”
means any and all (i) computer programs, including any and all software, whether in source code, object code or other form, (ii)
descriptions, flow-charts and other work product used to design, plan, organize or develop any of the foregoing, (iii) databases
and compilations, including any and all data and collections of data, whether machine readable or otherwise and (iv) documentation
and other materials related to any of the foregoing, including user manuals and training materials.

 

“Subsidiary”
means, with respect to any Person, any Person of which (a) a majority of the outstanding voting securities or other voting equity
interests are owned, directly or indirectly, by the Person, or (b) such Person or any other Subsidiary of such Person is a general
partner.

 

“Systems”
has the meaning set forth in Section 4.11(c).

 

“Tax”
means all taxes, assessments, charges, duties, fees, levies or other governmental charges including all national, state, local,
foreign and other income, profits, gross receipts, capital gains, capital stock, transfer, sales, use, value-added, occupation,
property, excise, severance, windfall profits, stamp, license, payroll, social security, withholding and other taxes, assessments,
charges, duties, levies, estimated taxes, deficiency assessments, additions to tax, penalties and interest in connection therewith
or other governmental charges of any kind whatsoever imposed by any Governmental Entity (whether payable directly or by withholding
and whether or not requiring the filing of a Tax Return).

 

“Tax Return”
means any and all returns, statements, notices, reports, claims for return and forms (including elections, declarations, amendments,
schedules, information returns) required to be filed with a Governmental Authority with respect to Taxes, including any schedule
or attachment thereto.

 

“Third Party Claim”
has the meaning set forth in Section 8.2(a).

 

Section 1.2           Interpretation.
Interpretation of this Agreement shall be governed by the following rules of construction: (a) all references herein to Articles,
Sections, and Exhibits shall be deemed references to Articles and Sections of, and Exhibits to, this Agreement unless the context
shall otherwise require, (b) whenever the words “include”, “includes” and “including” are not
followed by the phrase “without limitation”, such phrase shall be deemed to follow those words unless otherwise specified,
(c) the definitions given for terms in Section 1.1 and elsewhere in this Agreement shall apply equally to both the singular
and plural forms of the terms defined, (d) whenever the context may require, any pronoun shall include the corresponding masculine,
feminine and neuter forms, (e) the word “or” shall not be exclusive, (f) references to “COP $” shall mean
Colombian Pesos, (g) references to a “day” or “days” shall mean a calendar day or days unless Business
Days are expressly specified, (h) the words “herein”, “hereof”, “hereunder” or “hereby”
and similar terms are deemed to refer to this Agreement as a whole and not to any specific Section of this Agreement, (i) the headings
are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement, (j) if a word
or phrase is defined, the other grammatical forms of such word or phrase shall have a corresponding meaning, (k) references to
any statute, listing rule, rule, standard, regulation or other law include a reference to (i) the corresponding rules and regulations,
and (ii) each of them as amended, modified, supplemented, consolidated, replaced or rewritten from time to time, and (l) references
from and through any date shall mean, unless otherwise specified, from and including or through and including, respectively.

 

    	5

    	 

    

 

ARTICLE II.

PURCHASE AND SALE OF SHARES

 

Section 2.1           Purchase
and Sale of Shares. Upon the terms and subject to the conditions set forth in this Agreement, at the Closing, each Seller shall
sell, transfer, and deliver to Buyer, free and clear of all Encumbrances, and Buyer shall purchase, acquire and accept from such
Seller, the number of Shares set forth opposite to such Seller’s name on Schedule 2.1 under the column titled “Shares
Sold to Buyer”.

 

Section 2.2           Purchase
Price. The aggregate purchase price for the Shares to be purchased hereunder by Buyer shall be an amount equal to USD$ ONE
MILLION SEVEN HUNDRED FORTY EIGHT THOUSAND US DOLLARS (USD$ 1.748.000,00) (the “Purchase Price”).

 

Section 2.3           Payment
of the Purchase Price. Buyer shall pay the Purchase Price as follows:

 

(a)          Within
ten days (10) after the Closing Date, Buyer shall pay the Sellers the Purchase Price minus the Retained Amount (the “Closing
Payment”). The Closing Payment shall be paid by delivering the Initial IDGSC Shares to the Sellers, which shall be allocated
to each Seller on a pro rata basis and as set forth on Schedule 2.3(a).

 

(b)          The
Retained Amount shall be paid by Buyer to each Seller within 5 Business days after the liabilities specified in Schedule 2.3(b)
(the “Clawback Liabilities”) have been paid by Sellers in accordance with the terms set forth herein (the “Retained
Amount Payment”). The Retained Amount Payment shall be paid by delivering the Retained IDGSC Shares to the Sellers, which
shall be allocated to each Shareholder on a pro rata basis and as set forth on Schedule 2.3(a).

 

Section 2.4           Adherence
with Applicable Securities Laws. Each of the Sellers agrees that he, she or it is acquiring the IDGSC Shares for investment
purposes and will not offer, sell or otherwise transfer, pledge or hypothecate any of the IDGSC Shares issued to him (other than
pursuant to an effective Registration Statement under the Securities Act of 1933, as amended (the “Securities Act”)
directly or indirectly unless:

 

(a)          the
sale is to the Buyer;

 

(b)          the
sale is made pursuant to the exemption from registration under the Securities Act, provided by Rule 144 thereunder; or

 

(c)          the
IDGSC Shares are sold in a transaction that does not require registration under the Securities Act or any applicable United States
state laws and regulations governing the offer and sale of securities, and the vendor has furnished to Buyer an opinion of counsel
to that effect or such other written opinion as may be reasonably required by Buyer. The Sellers acknowledge that the certificates
representing the IDGSC Shares shall bear the following legend:

 

THESE SECURITIES HAVE NOT BEEN REGISTERED

 

    	6

    	 

    

 

UNDER THE SECURITIES ACT OF 1933.
THEY MAY NOT

BE SOLD, OFFERED FOR SALE, PLEDGED,

HYPOTHECATED OR OTHERWISE TRANSFERRED
IN

THE ABSENCE OF A REGISTRATION STATEMENT
WITH

RESPECT TO THE SECURITIES UNDER SUCH
ACT AND

THE OPINION OF COUNSEL REASONABLY

SATISFACTORY TO THE COMPANY THAT
SUCH

REGISTRATION IS NOT REQUIRED OR UNLESS
SOLD

PURSUANT TO RULE 144 OR RULE 144A
OF SUCH ACT.

 

Section 2.5           Closing
Date. Subject to the terms and conditions set forth in this Agreement, the Closing of the sale and purchase of the Purchased
Shares shall take place at 3:00 p.m. (Colombian time) at the offices of Gómez-Pinzón Zuleta Abogados, Calle 67
# 7-35, Bogotá D.C., Colombia (or at such other place as the Sellers and Buyer may designate in writing), on the third
(3rd) Business Day after the last of the conditions set forth in Article VII have been satisfied or, to the extent
permitted, waived by the party entitled to the benefit therewith, or such other date as may be agreed by the Sellers and Buyer
in writing (the “Closing Date”) and in no event later than April 6, 2015 (the “End Date”).

 

All actions to take place
at the Closing and all documents to be executed and delivered by all Parties at the Closing shall be deemed to have been executed
and delivered simultaneously and no such actions shall be deemed to have taken place nor any such documents deemed executed or
delivered until all have been taken, executed and delivered.

 

Section 2.6           Issuance
of Share Certificates; Registration in the Stock Ledger. Sellers shall cause the Company to, on the Closing Date, (a) issue,
execute and deliver to Buyer one or more share certificates representing the number of Shares purchased by Buyer from Sellers hereunder;
(b) cancel the share certificates representing the Shares sold by Sellers hereunder; (c) issue to Sellers, in exchange for the
cancellation of Sellers’ existing share certificates, one or more new share certificates representing the number of Shares
to be owned by Sellers after giving effect to the sale of the Shares by Sellers to Buyer hereunder; and (d) register in the Company’s
stock ledger (libro de registro de acciones) the sale and transfer of the Shares and the issuance of new share certificates
in the name of Buyer or one or more of its designees, as set forth hereunder.

 

Section 2.7           Transactions
on the Closing Date.

 

(a)          Actions
of the Sellers. On the Closing Date:

 

(i)          Sellers
shall deliver a Certificate of existence and representation (certificado de existencia y representación) of the Company
issued by the Bogotá Chamber of Commerce not later than five (5) days prior to Closing;

 

(ii)         Sellers
shall deliver a copy of the entry in the stock ledger (libro de registro de acciones) of the Company, certified by the Company,
reflecting the transfer of the Shares from Sellers to Buyer free and clear of any Encumbrance and the issuance of new share certificates
in the name of Buyer or one or more of its designees;

 

(iii)        Sellers
shall deliver one or more original share certificates, duly issued and executed by a duly authorized representative of the Company,
representing the number of Shares purchased by Buyer, together with any other documents that are necessary to grant to Buyer good
and marketable title to the Shares, free and clear of all Encumbrances;

 

    	7

    	 

    

 

(iv)        Sellers
shall deliver a copy of the documents evidencing all corporate authorizations or other consents and approvals required in order
to evidence compliance or waiver of the rights of first refusal (derecho de preferencia) set forth in the Bylaws of the
Company and any other agreement among the shareholders of the Company with respect to the sale of Shares contemplated hereby;

 

(v)         Certificate
signed by the Sellers, dated as of the Closing Date, certifying that the representations and warranties set forth in Article
III and Article IV in regards to the Sellers and the Company are true and accurate in all material respects as to the
Closing Date;

 

(vi)        Sellers
shall deliver a copy of the written resignations of the directors and the legal representative(s) of the Company identified on
Schedule 2.7(a)(vi);

 

(vii)       Sellers
shall deliver evidence of payment of the Cancelled Liabilities;

 

(viii)      Sellers
shall deliver evidence of cancelation of any pledge over the Shares;

 

(ix)         Sellers
shall deliver evidence of the registry of: (i) Public Deed No 2412 dated December 27, 2013, and; (i) registry of Public Deed No
2413 dated December 27, 2013 before the Bogota Chamber of Commerce;

 

(x)          Sellers
shall deliver evidence of the amendment and ratification of minute number 25 of the Company’s Extraordinary Shareholders
Meeting dated December 23 2013 and pursuant to which fifteen thousand (15.000) Company shares where subscribed by Luis Alvaro Cuestas
Rincon and Alvaro Mauricio Cuestas Rojas;

 

(xi)         Sellers
shall deliver all books and records of the Company and the Subsidiary; and

 

(xii)        Delivery
of all and any other documents reasonably required to be delivered at Closing pursuant to the terms of this Agreement.

 

(b)          Buyer’s
Deliveries. On the Closing Date:

 

(i)          Buyer
shall deliver to each Seller the Initial IDGSC Shares;

 

(ii)         Certificate
signed by the Buyer, dated as of the Closing Date, certifying that the representations and warranties set forth in Article V
in regards to the Buyer are true and accurate in all material respects as to the Closing Date;

 

(iii)        Certificate
of good standing of Buyer, dated not later than five (5) days prior to Closing;

 

    	8

    	 

    

 

(iv)        Copy
of the certificate of the Financial Industry Regulatory Authority (FINRA); and

 

(v)         Delivery
of all and any other documents reasonably required to be delivered at Closing pursuant to the terms of this Agreement.

 

ARTICLE III.

REPRESENTATIONS AND WARRANTIES WITH RESPECT
TO THE SELLERS

 

Except as set forth in the Sellers’ Disclosure
Schedule, Sellers hereby represent and warrant to the Buyer, with respect to itself as of the date hereof and as of the Closing
Date (except for such representations and warranties as are expressly made exclusively as of the date hereof or as of another date)
as follows:

 

Section 3.1           Capacity
and Authority. To the extent that such Seller is a legal entity, such Seller is duly formed and validly existing under the
Laws of its jurisdiction of formation and has all requisite power and authority to carry on its business as now conducted and proposed
to be conducted. Such Seller has all requisite power and authority or legal capacity (as applicable) to execute, deliver and perform
its obligations under this Agreement, and to consummate the transactions contemplated hereby. To the extent that such Seller is
an individual, such Seller is of legal age and has the legal capacity to execute this Agreement. The execution, delivery and performance
by each Seller of this Agreement and the consummation by each Seller of the transactions contemplated hereby have been duly and
validly authorized by all necessary corporate or other action on the part of each Seller and no other corporate or other proceedings
or actions on the part of each Seller are necessary to authorize the execution, delivery and performance by each Seller of this
Agreement to which it is a party or to consummate the transactions contemplated hereby.

 

Section 3.2           No
Conflicts. The execution, delivery and performance by such Seller of this Agreement and the consummation of the transactions
contemplated hereby do not conflict with, result in any violation or default (with or without notice or lapse of time or both)
under, give rise to a right of termination or acceleration under, require a consent or waiver under, require the payment of a penalty
or increased liabilities or fees or the loss of a benefit under, or result in the imposition of any Encumbrance under (a) the Organizational
Documents of such Seller (in the case of a Seller that is not a natural person), (b) any Contract or material permit of such Seller
or (c) any order applicable to such Seller or by which any of the properties or assets of such Seller are bound.

 

Section 3.3           Title.
Such Seller is the record and beneficial owner of all of the Shares to be sold to Buyer by such Seller hereunder. Such Seller (a)
has full power, right and authority, and has obtained all approvals required by Law or otherwise, to sell, transfer, and deliver
the Shares to Buyer, free and clear of all Encumbrances, and (b) has good, valid and marketable title to the Shares, free and clear
of all Encumbrances as of the Closing Date. At Closing, such Seller shall transfer to Buyer good, valid and marketable title to
the Shares to be sold to Buyer by such Seller hereunder, free and clear of all Encumbrances.

 

Section 3.4           Actions.
There is no Action pending or threatened in writing or, to such Seller’s Knowledge, orally threatened against such Seller
that challenges the validity or enforceability of this Agreement, seeks to enjoin or prohibit consummation of the transactions
contemplated hereby or thereby, or otherwise arises out of or relates to any of the transactions contemplated hereby or thereby.
Such Seller is not subject to any order or any consent decree, stipulation or other agreement with any Governmental Entity relating
to the enjoinment or prohibition of consummation of the transactions contemplated by this Agreement.

 

    	9

    	 

    

 

Section 3.5           Securities
Act of 1933. Such Seller is an accredited investor as such term is defined under the Securities Act of 1933, as amended,
and her, she or it understands the meaning of the term “accredited investor”. Such Seller understands that the offer
and sale of the IDGSC Shares is being made only by means of this Agreement and understands that the Buyer has not authorized the
use of, and such Seller confirms that he, she or it is not relying upon, any other information, written or oral, other than material
contained in this Agreement. Such Seller further represents that he, she or it has such knowledge and experience in financial and
business matters as to enable such Seller to understand the nature and extent of the risks involved in purchasing the IDGSC Shares.
Such Seller is fully aware that such investments can and sometimes do result in the loss of the entire investment. Such Seller
has engaged his or her own counsel and accountants to the extent that the Seller deems it necessary.

 

Section 3.6           Disclosure.
To the Seller’s Knowledge, this Agreement and the documents furnished by or on behalf of the Company or Sellers to Buyer
during due diligence or pursuant to this Agreement, taken as a whole, do not as of their respective dates contain any untrue statement
of a material fact or omit to state a material fact necessary to make the statements contained herein and therein not misleading.

 

ARTICLE IV.

REPRESENTATIONS AND
WARRANTIES WITH RESPECT TO THE COMPANY AND THE 

SUBSIDIARY

 

Except as set forth in
the Sellers’ Disclosure Schedule, the Sellers, jointly and severally, hereby represent and warrant to the Buyer as of the
date hereof and as of the Closing Date (except for such representations and warranties as are expressly made exclusively as of
the date hereof or as of another date) with respect to the Company and its Subsidiary, as follows:

 

Section 4.1           Organization.
The Company and the Subsidiary are duly organized and validly existing under the Laws of the jurisdiction of their organization,
duly authorized to conduct their business in Colombia under applicable Law, and have all requisite power and authority to own,
lease and operate their properties and to carry on their business as now conducted. Sellers have made available to Buyer prior
to the date hereof true and complete copies of the Organizational Documents of the Company and the Subsidiary, as amended through
and in effect on the date hereof and as of the Closing Date (as applicable). The Organizational Documents of the Company and of
the Subsidiary are in full force and effect and the Company and the Subsidiary are not in violation thereof. The Sellers have made
available to Buyer all shareholders’ meeting minutes books, board of directors’ (and committees thereof) minutes books,
stock registries and all other corporate books and records of the Company and the Subsidiary, which are true and complete in all
material respects.

 

Section 4.2           Authorization.
The Company and the Subsidiary have all requisite power and authority to take all actions required under the Bylaws to authorize
the sale by Sellers of the Shares to be sold to Buyer hereunder or otherwise required in connection herewith (including, without
limitation, compliance with the rights of first refusal (derecho de preferencia) and other transfer provisions contained
therein) have been duly and validly taken prior to the Closing Date.

 

    	10

    	 

    

 

Section 4.3           No
Conflicts. Neither (a) the execution, delivery and performance by the Sellers and the consummation of the transactions contemplated
hereby, nor (b) the consummation of the transactions contemplated by this Agreement (including, without limitation, the sale of
the Shares to Buyer hereunder) conflict with, result in any violation of or default (with or without notice or lapse of time or
both) under, give rise to a right of termination or acceleration under, require a consent or waiver under, require the payment
of a penalty or increased liabilities or fees or the loss of a benefit under, or result in the imposition of any Encumbrance under,
any provision of (i) any applicable Law to which the Company or the Subsidiary are subject, (ii) the Organizational Documents of
the Company and the Subsidiary, (iii) any Material Contract or material permit to which the Company or the Subsidiary is a party,
or (iv) any order applicable to the Company or the Subsidiary or by which any of the properties or assets of the Company or of
the Subsidiary are bound.

 

Section 4.4           Capitalization.

 

(a)          All
issued and outstanding shares of capital stock of the Company and all of the issued and outstanding shares of capital stock of
the Subsidiary have been duly authorized and validly issued, are fully paid and non-assessable, and have not been issued in violation
of any preemptive rights, rights of first refusal or similar rights. The Company and the Subsidiary have no other capital stock
or equity securities authorized, issued or outstanding, and, except as provided for in this Agreement, there are no agreements,
options, subscriptions, convertible securities, warrants or other rights or arrangements existing or outstanding that provide for
the delivery, sale or issuance of any shares of capital stock of, or other equity or voting interests in, or securities convertible
into, or exchangeable or exercisable for, shares of capital stock of, or other equity or voting interests in, the Company or the
Subsidiary or obligating the Company or the Subsidiary to issue, grant, extend or enter into any such right or arrangement. Upon
consummation of the transactions contemplated by this Agreement, Buyer shall own directly 100% of the issued and outstanding shares
of the Company and indirectly 100% of the issued and outstanding shares of the Subsidiary.

 

(b)          The
Company is not engaged in, directly or indirectly, any activity other than the Business. Except for any investments made by the
Company in the Ordinary Course of Business, the Company does not, directly or indirectly, (A) own, of record or beneficially, any
debt or equity securities or other debt or equity interests in any Person, (B) Control any Person other than the Subsidary, or
(C) have any other subsidiaries different from the Subsidiary.

 

(c)          Other
than the Permitted Liabilities and the Clawback Liabilities at Closing the Company will not have any indebtedness other than the
Permitted Liabilities and the Clawback Liabilities.

 

(d)          There
are no Contracts between or among the Company and any equity holder of the Company, or between or among any equity holders of the
Company, that pertain to the voting of any equity securities of the Company, the rights of any holder of equity securities, the
manner in which the Company is to or operate or conduct the Business or otherwise.

 

Section 4.5           Financial
Statements.

 

(a)          Sellers
have made available to Buyer prior to the date hereof true and complete copies of the Financial Statements, which are attached
to Schedule 4.5(a).

 

(b)          Each
of the Financial Statements (i) has been prepared in conformity with GAAP consistently applied for and throughout the respective
periods indicated therein, (ii) fairly present, in all material respects, the financial position, results of operations and cash
flows of the Company as of the respective dates thereof for the respective periods indicated therein and (iii) are consistent,
in all material respects, with the Books and Records of the Company.

 

    	11

    	 

    

 

Section 4.6           Undisclosed
Liabilities. At Closing, the Company does not have any other liabilities or obligations (whether absolute, fixed, contingent
or otherwise) other than the Permitted Liabilities and the Clawback Liabilities.

 

Section 4.7           Tax
Matters.

 

(a)          Except
as set forth in Schedule 4.7(a), all Tax Returns of the Company and all Tax Returns of the Subsidiary that are required
to be filed have been duly and timely filed (taking into account any extensions) in the manner prescribed by applicable Law, and
all information provided in such Tax Returns are true, complete and accurate in all material respects; true and complete copies
of all Tax Returns filed by the Company for taxable years since 2009 have been made available to Buyer and Tax Returns filed by
the Subsidiary for taxable years 2013 and 2014 have been made available to Buyer;

 

(b)          there
is no Tax examination, audit, investigation or other proceeding pending against the Company and the Subsidiary or, to the Sellers’
Knowledge, threatened against the Company or the Subsidiary, for the assessment or the proposed assessment or for the collection
of any Taxes, and the Company or the Subsidiary have not received any notice in respect thereof;

 

(c)          the
Company has withheld from all employees customers and any other third parties and timely paid to the appropriate authority or properly
set aside in accounts for such purpose proper and accurate amounts for all periods through the date hereof in compliance with all
Tax and social security withholding provisions of all applicable Laws in all material respects and have complied with all material
reporting requirements (including maintenance of required records with respect thereto); there are no agreements; no material claim
has ever been made by any Governmental Entity in any jurisdiction where the Company files Tax Returns or is required to file Tax
Returns or that it is or may be subject to taxation by that jurisdiction;

 

(d)          the
Company and the Subsidiary have not participated in any transaction with the principal purpose of which is Tax avoidance or which
is treated under applicable Tax Law as abusive of such Tax Law and, to the Sellers’ Knowledge, the Company and the Subsidiary
have not breached article 869 of the Colombian Tax Code (Estatuto Tributario), related to any tax abuse;

 

(e)          the
Company and the Subsidiary have not agreed and are not otherwise required to make any change in accounting methods, unless required
under the applicable Law or by a Governmental Entity.

 

(f)          the
Company and the Subsidiary do not, or during the preceding five years have not had, a permanent establishment or other place of
business in any jurisdiction outside Colombia which would render it liable for income Taxes in such jurisdiction;

 

(g)          with
respect to the Company and the Subsidiary, there are no (i) Tax exemptions currently in force or (ii) changes in accounting methods
that occurred on or after December 31, 2014 and that are expected to result in material adjustments after such date to the calculation
of the Tax Liability of the Company or the Subsidiary under applicable Law.

 

    	12

    	 

    

 

(h)                     except
as set forth in Schedule 4.7(h),  all Taxes required to
be paid or that will be required to be paid by the Company or the Subsidiary have been paid;

 

Section 4.8           Assets.

 

(a)          The
Company owns and has good and valid title to or otherwise possesses or has the right to use pursuant to a valid and enforceable
lease, license or similar contractual arrangement all of the tangible and intangible assets, properties and rights necessary and
sufficient for the Company to conduct its Business without interruption as currently conducted (collectively, the “Assets”).
All Assets are in a state of good and working maintenance and repair in all material respects, ordinary wear and tear excepted.

 

(b)          None
of Sellers, officers, directors, employees, consultants or equity holders has, directly or indirectly, in whole or in part, any
interest in any of the Assets.

 

(c)          To
the Sellers’ Knowledge, neither the Company nor any of the Assets have been subject to confiscation, nationalization, expropriation
or similar order by any Governmental Entity.

 

Section 4.9           Leased
Property. Schedule 4.9 contains a true and complete list, as of the date hereof, of each lease (arrendamiento),
sublease (subarriendo), license or other similar agreement (collectively, the “Company Leases”) under
which the Company is the lessee, sublessee or licensee of any real property (all such property, the “Leased Real Property”)
and the address, landlord, tenant rent, term and amount of money deposited, in each case, if any, for each such Company Lease.
The Company holds a valid leasehold interest in the Leased Real Property, free and clear of all Encumbrances. The Company Leases
have not been amended, modified, supplemented, assigned or transferred and the Company has not exercised or given notice of exercise
of, nor has any lessor, sublessor, landlord or sublandlord exercised or given notice of exercise of, any option, right of first
offer or right of first refusal contained in any of the Company Leases. The Company is not in material breach or material default
under any of the Company Leases, and, except pursuant to the terms of each Company Lease, no event has occurred or circumstance
exists which, with the delivery of notice, passage of time or both, would constitute such a breach or default or permit the termination,
modification or acceleration of rent under such Company Lease. The transactions contemplated hereby do not require the consent
of any other party to any of the Company Leases and will not result in a breach of or default under any of the Company Leases.

 

Section 4.10         Material
Contracts.

 

(a)          Schedule
4.10(a) contains a list of each and every Contract which is material to the Business condition (financial or other), properties
or the operation of the Company, entered into by the Company in force as of the date hereof ( the “Material Contracts”),
including without limitation all Contracts:

 

(i)          any
license agreement pursuant to which the Company (A) has acquired the right to use any material Company Intellectual Property or
(B) has granted to any third party any material license to use any material Company Intellectual Property;

 

(ii)         any
Contract with any bank or financial institution related to the operation of the backchannel switch of the corresponding entity;

 

(iii)        any
Contract containing a covenant that prohibits or impairs the ability of the Company to (A) freely conduct the Business or other
compete in any geographic area or any line of business; (B) solicit customers or clients; or (C) solicit or hire any employee;

 

    	13

    	 

    

 

(iv)        any
Company Lease for which the annual lease payments exceed TEN MILLION PESOS (COP$10.000.000);

 

(v)         any
Contract that involved the expenditure by the Company of more than TEN MILLION PESOS (COP$10.000.000) in the aggregate during the
last twelve (12) months;

 

(vi)        any
Contract granting any exclusivity to any Person;

 

(vii)       any
Contract that is otherwise material to the Company; and

 

(b)          Each
Material Contract is, and after giving effect to the Closing shall be, (i) a legal, valid and binding obligation of the Company,
and (ii) in full force and effect in all respects in accordance with its terms. The Company and the other parties thereto have
performed in all material respects all obligations required to be performed by them under the Material Contracts, and are not in
breach of, default or violation under, any of the Material Contracts, and, no event has occurred that with notice or lapse of time,
or both, would constitute such a breach, default or violation. The Company has not received any written notice of (A) any default
or event that with notice or lapse of time, or both, would constitute a default by the Company under any Material Contract or (B)
the intention of any Person to terminate any Material Contract. Sellers have made available to Buyer prior to the date hereof true
and complete copies of each Material Contract.

 

(c)          Each
Material Contract has been entered into and performed by the Company in accordance with normal market conditions and under arm’s
length terms.

 

Section 4.11         Intellectual
Property; Privacy.

 

(a)          
Schedule 4.11(a) contains a true and complete list, of the company intellectual property (collectively, the “Company
Intellectual Property”). The Company exclusively owns, or has a valid and continuing license to use, all Company Intellectual
Property that is used in, or necessary for, the operation of the Business as conducted as of the date hereof and as proposed to
be conducted, free and clear of any Encumbrance. The conduct by the Company of the Business (including its products and services)
has not and does not infringe, misappropriate, dilute or otherwise violate any other Person’s Intellectual Property rights
or rights in personal information or constitute unfair competition or trade practices, and does not violate the Laws of any country
or jurisdiction. There is no claim, notice or litigation pending or, threatened against the Company alleging any of the foregoing
or otherwise challenging the use, ownership, licensing, validity or enforceability of any Company Intellectual Property owned (or
purported to be owned) by the Company.

 

(b)          The
Company is the sole and exclusive owner of all right, title and interest in and to the Company Software, free and clear of any
Encumbrance. All employees, consultants and other Persons who contributed to the conception, creation or development of any of
the Company Intellectual Property or Company Software did so either (i) within the scope of his or her employment such that, subject
to and in accordance with applicable Laws, all Intellectual Property rights arising therefrom became exclusively owned by the Company,
or (ii) pursuant to valid and enforceable written agreements assigning all Intellectual Property rights therein to the Company.
To the Sellers’ Knowledge, no third Person has infringed, misappropriated, diluted or otherwise violated any Company Intellectual
Property or Company Software. The Company has taken all commercially reasonable efforts to maintain the confidentiality of all
material trade secrets of the Company.

 

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(c)          No
source code of any Company Software has been licensed, provided or otherwise disclosed by the Company to another Person (including
Sellers or any of their respective Affiliates), and all such source code has been safeguarded and protected as trade secrets of
the Company. To the Sellers’ Knowledge, the Company Software is substantially free of any material defects, bugs and errors,
and does not contain or make available any disabling codes or instructions, spyware, Trojan horses, worms, viruses or other software
routines that permit or cause unauthorized access to, or disruption, impairment, disablement, or destruction of, Software, data
or other materials (“Contaminants”). No Software governed by a license commonly referred to as an open source,
free software, copy left or community source code license, is used in or incorporated into any products or websites of the Company
or any Company Software, in each case, in a manner that would obligate the Company to (i) distribute or disclose any Company Software
in source code form or (ii) license or otherwise make available any Company Software on a royalty-free basis. The information technology
and data processing Software, hardware, networks, systems, facilities and services used by the Company (collectively, the “Systems”)
are adequate in all material respects for the operation of the Business and there has been no failure, breakdown or continued substandard
performance of any Systems that has caused a material disruption or interruption in or to any use of the Systems or the conduct
of the Business. The Company has taken commercially reasonable steps and implemented commercially reasonable safeguards to ensure
that the Systems are substantially free from Contaminants. The Company has implemented business continuity, back-up and disaster
recovery policies, procedures and systems that are consistent with generally accepted industry standards in Colombia and sufficient
to maintain the operation of the Business in all material respects.

 

(d)          The
Company has not received notice of any claims or been charged with any violation of any privacy policies and all Laws relating
to privacy, data protection (including, without limitation, Law 1581 of 2012), anti-spam, personally identifiable information,
and similar consumer protection laws (collectively, “Privacy Laws and Policies”) or any failure to adequately
protect or maintain the confidentiality of any personally identifiable information and other confidential customer information.
There is no investigation pending against the Company, or, threatened against the Company, with respect to any such claim or charge,
and there are no facts or circumstances which could form the basis for any such claim or charge. There have been no data breaches
involving any personally identifiable information collected by the Company and there are no facts or circumstances which could
form the basis for any such breaches.

 

Section 4.12         Actions.
Except as set forth in Schedule 4.12, there is no Action pending or threatened in writing or, to the Sellers’ Knowledge,
orally threatened against the Company, the Subsidiary or any Seller that (i) if adversely determined, could reasonably be expected
to result in Losses to the Company or the Subsidiary or, (ii) challenges the validity or enforceability of this Agreement, seeks
to enjoin or prohibit consummation of, or otherwise involves any of, the transactions contemplated hereby or thereby. The Company
and the Subsidiary are not subject to any Order of a Governmental Entity that materially affects, or could reasonably be expected
to materially affect, the conduct of the Business, following the Closing, taken as a whole.

 

Section 4.13         Customer
List. Schedule 4.13 lists all customers of the Company for the year ended December 31st, 2014.

 

Section 4.14         Books
and Records. The Company and the Subsidiary (a) maintain its Books and Records according to GAAP, have been properly maintained,
and records accurately all matters required by Law to be entered therein; and (b) the minutes books of the Company and the minute
books of the Subsidiary contain true and complete records of all meetings of the shareholders (asamblea de accionistas)
and of the board of directors, and reflect all matters discussed in such meetings. The entries in the shareholders registry book
are true and complete.

 

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Section 4.15         Compliance
with Laws Except as set forth in Schedule 4.15.the Company and the Subsidiary have conducted and continue to conduct
the Business in accordance with all Laws and Governmental Orders and the Company and the Subsidiary are not in violation of any
such Laws or Governmental Orders, inclusive of any data protection laws.

 

Section 4.16         Absence
of Certain Developments. Since December 31, 2014 the Company and the Subsidiary have conducted their Business only in the Ordinary
Course of Business and (ii) there has not been any event, change, occurrence or circumstance that, individually or in the aggregate,
has had or could reasonably be expected to have a Material Adverse Effect. Without limiting the generality of the foregoing, except
as set forth in Schedule 4.16 or as expressly contemplated by this Agreement, the Company and the Subsidiary have not:

 

(a)          sold,
transferred or otherwise disposed of any of the Assets or any interest therein;

 

(b)          granted,
or committed to grant any (i) salary or wage increases or any increase in or addition to any other compensation or benefits, including
severance pay or benefits, to current or former employees, consultants or directors of the Company or the Subsidiary (except in
the case of employees of the Company or the Subsidiary that are not officers, increases in salary, wages or incentive compensation
in the Ordinary Course of Business) or (ii) equity or equity-based awards to any employees, consultants or directors of the Company
or the Subsidiary;

 

(c)          changed
its methods of accounting;

 

(d)          entered
into any transaction, agreement or arrangement outside the Ordinary Course of Business;

 

(e)          waived
or released any of its material rights with respect to the Business or its Assets or Intellectual Property, or permitted any of
such rights to lapse;

 

(f)          canceled,
terminated, amended, modified or waived any material term of any Contract to which it is a party or by which it or any of its Assets
is bound or entered into any new material Contracts, except for Contracts entered into in the Ordinary Course of Business or;

 

(g)          agreed
or committed to do any of the foregoing.

 

Section 4.17         Environmental
Matters. As of the date hereof, the Company and the Subsidiary: (a) are in compliance, in all material respects, with applicable
Environmental Law; (b) have obtained and are not in violation of any permits and licenses required under any Environmental Law
for their current operations except where such violations would not be expected to result in a material Liability to the Company
or the Subsidiary; (c) are not subject to any pending or, to the Knowledge of the Sellers, threatened Action in writing alleging
violation of or Liability under any applicable Environmental Law; and (d) have not generated, stored, used, emitted, discharged,
released or disposed of any Hazardous Substances.

 

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Section 4.18         Labor
Matters.

 

(a)          Schedule
4.18(a) sets forth a correct and complete list of each employee of the Company, as well as the compensation (including, separately,
base pay and any incentive or commission pay), title, length of employment and accrued vacation time of each employee. The Company
and the Subsidiary do not retain any independent contractors or sales agents.

 

(b)          Since
January 1, 2015, except with respect to mandatory increases of wages required under Colombian labor Laws and otherwise in the Ordinary
Course of Business, the Company has not increased the compensation (wages, salary, bonuses or any other form of compensation (including
equity compensation) or deferred or contingent compensation) of any employee.

 

(c)          The
Company and the Subsidiary have no labor unions of any kind (sindicato) and, to the Sellers’ Knowledge, none of the
Company or the Subsidiary’s employees is a member of labor unions of any kind (sindicato).

 

(d)          The
Company and the Subsidiary are not, and have not during the past five (5) years been, a party to any collective bargaining agreement
or other labor union contract. To the Knowledge of Seller no labor organization or group of employees has made a pending demand
for recognition or certification, and there are no representations or certification actions or petitions seeking a representation
proceeding presently pending or threatened to be brought or filed, with any Governmental Entity or any other labor relations tribunal.
To the Knowledge of Seller there are no organizing activities, strikes, work stoppages, slowdowns, lockouts, arbitrations or grievances,
or other labor disputes pending or threatened against or involving the Company or the Subsidiary.

 

(e)          
The Company and the Subsidiary are and have been in compliance in all material respects with all applicable Laws relating to employment
of employees, including, without limitation to all Colombian applicable Laws relating to wages or overtime wages, hours of work,
fringe benefits, severance, social security quotas, overtime, collective bargaining, employment discrimination, civil rights, safety
and health, workers’ compensation, pay equity, classification of employees and independent contractors, and the collection
and payment of withholding and/or social security Taxes. The Company and the Subsidiary have met in all material respects all requirements
of Law relating to the employment of foreign citizens, and the Company and the Subsidiary do not currently employ, nor has it ever
employed, any Person who was not permitted to work in the jurisdiction in which such Person was employed.

 

(f)          There
are no material labor disputes ongoing, pending or, to the Sellers’ Knowledge, threatened between the Company or the Subsidiary
and any individuals supplied (whether currently or in the past) by contractors pursuant to the terms of any outsourcing contract,
or any other matter.

 

(g)          The
execution and delivery of this Agreement will not (i) grant, or imply the granting of, to the Company employees or to the Subsidiary’s
employees the right to receive additional payments or bonuses, such as, but not limited to, golden parachutes, change of control
bonuses or contractual severance packages; (ii) violate any labor rights or privileges of the Company or of the Subsidiary’s
employees under their labor contracts and applicable Law; and (iii) constitute an early termination cause of any of the labor contracts
of the Company or the Subsidiary’s employees.

 

Section 4.19         Insurance.

 

(a)          Schedule
4.19 contains an accurate and complete description of all policies of property and other forms of insurance held by the Company.
True and complete copies of all such insurance policies have been previously provided to Buyer.

 

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(b)          There
is no material claim pending under any of such policies as to which coverage has been questioned, denied or disputed by the underwriters
of such policies. All premiums due and payable under all such policies have been paid and the Company is otherwise in compliance
in all material respects with the terms of such policies. To the Sellers ́ Knowledge, there is no threatened termination of,
or material premium increase with respect to, any of such policies.

 

Section 4.20         Subsidiary.

 

The Subsidiary as of the date hereof:

 

(a)          is
not engaged in, directly or indirectly, any activity;

 

(b)          does
not have any liabilities or obligations (whether absolute, fixed, contingent or otherwise);

 

(c)          have
any employees or had any employee in the last three (3) years;

 

(d)          is
not a party to any contract or agreement and has not been a party to any contract or agreement in the last three (3) years and;

 

(e)          has
no assets.

 

Section 4.21         Anticorruption.

 

(a)          The
Sellers, the Company and the Subsidiary, or any of its directors, officers, employees, representatives or any Person generally
acting by or on behalf of any of the aforementioned, is or has at any time engaged in any activity, practice or conduct which would
constitute an offence under all applicable Laws relating to anti-bribery, anti-corruption, anti-money laundering or illegal payments
and bribes and illegal political contributions and similar statutes, rules and regulations, including Colombian Law 1474 of 2011.

 

(b)          The
Sellers, the Company, the Subsidiary or any of its directors, officers, employees, representatives or any Person generally acting
by or on behalf of any of the aforementioned is or has been the subject of any investigation, inquiry or enforcement proceedings
by any governmental, administrative or regulatory body or any customer regarding any offence or alleged offence under applicable
Laws relating to anti-bribery, anti-corruption, anti-money laundering, illegal payments and bribes and illegal political contributions
and similar statutes, rules and regulations, including Colombian Law 1474 of 2011, and no such investigation, inquiry or proceedings
have been threatened or are pending and there are no circumstances likely to give rise to any such investigation, inquiry or proceedings.

 

(c)          Without
limiting the generality of the foregoing, the Sellers, the Company, the Subsidiary and none of its, directors, officers, employees,
representatives or any Person generally acting by or on behalf of any of the aforementioned has corruptly or otherwise offered,
paid, promised to pay, or authorized the payment of any money, or offered, given, promised to give, or authorized the giving of
anything of value to: (i) any government or similar official for purposes of (A) (1) influencing any act or decision of such official
in his or her official capacity, (2) inducing such official to do or omit to do any act in violation of the lawful duty of such
official, or (3) securing any improper advantage; or (B) inducing such official to use his or her influence with a Governmental
Authority to affect or influence any act or decision of such Governmental Authority; or (ii) any Person, while knowing that all
or a portion of such money or thing of value will be offered, given, or promised, directly or indirectly, to any official, to any
political party or official thereof, or to any candidate for political office, for purposes of (A) (1) influencing any act or decision
of such official, political party, party official, or candidate in his or her or its official capacity, (2) inducing such official,
political party, party official, or candidate to do or omit to do any act in violation of the lawful duty of such official, political
party, party official, or candidate, or (3) securing any improper advantage; or (B) inducing such official, political party, party
official, or candidate to use his or her or its influence with a Governmental Authority to affect or influence any act or decision
of such Governmental Authority. There has been no false or fictitious entries made in the books or records of the Company or in
the books and records of the Subsidiary relating to any offer, payment, promise to pay, or authorization of the payment of any
money, or offer, gift, promise to give, or authorization of the giving of anything of value, including any bribe, kickback or other
illegal or improper payment, and the Company and the Subsidiary, have not established or maintained a secret or unrecorded fund.

 

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Section 4.22         
OFAC Listings. The Sellers, the Company, the Subsidiary or any of its directors, officers, employees or representatives
is or has been, or is a party to any contract or agreement or understanding with any Person that, is or has been, (i) identified
in the U.S. Department of Treasury Office of Foreign Assets Control (“OFAC”) list of specially designated nationals
and blocked persons (the “SDN List”); (ii) owned or controlled by or acting on behalf of a person or entity
in the SDN List; (iii) otherwise the target of economic sanctions administered by OFAC; or (iv) owned or controlled by, or affiliated
to, or acting on behalf of, a person or entity that is otherwise the target of economic sanctions administered by OFAC.

 

Section 4.23         Disclosure.
No representation or warranty of Sellers in this Agreement and no statement in the Sellers Disclosure Schedule omits to state a
material fact necessary to make the statements herein or therein, in light of the circumstances in which they were made, not misleading.

 

ARTICLE V.

REPRESENTATIONS AND
WARRANTIES OF BUYER

 

The Buyer hereby represents and warrants to
the Sellers as of the date hereof and as of the Closing Date (except for such representations and warranties as are expressly made
exclusively as of the date hereof or as of another date) with respect to itself, as follows:

 

Section 5.1           Corporate
Status. Buyer is duly organized and validly existing as a corporation under the Laws of the jurisdiction of its organization,
and has all requisite power and authority to own, lease and operate its properties and to carry on its businesses as now conducted.
Buyer conforms to all Security Exchange Commision rules and regulations.

 

Section 5.2           Authorization.
Buyer has all requisite power and authority to execute, deliver and perform its obligations under this Agreement and to consummate
the transactions contemplated hereby and thereby. The execution, delivery and performance by Buyer of this Agreement to which it
is a party and the consummation by Buyer of the transactions contemplated hereby and thereby have been duly and validly authorized
by all necessary corporate or other action on the part of Buyer and no other corporate or other proceedings or actions on the part
of Buyer are necessary to authorize the execution, delivery and performance by Buyer of this Agreement to which it is a party or
to consummate the transactions contemplated hereby.

 

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Section 5.3           No
Conflicts. The execution, delivery and performance by Buyer of this Agreement to which it is a party and the consummation of
the transactions contemplated hereby and thereby do not conflict with, result in any violation or default (with or without notice
or lapse of time or both) under, give rise to a right of termination or acceleration under, require a consent or waiver under,
require the payment of a penalty or increased liabilities or fees or the loss of a benefit under, or result in the imposition of
any Encumbrance under, (a) any Contract to which Buyer is a party, (b) the Organizational Documents of Buyer or (c) any Order applicable
to Buyer or by which any of the properties or assets of Buyer are bound, except for such as could not reasonably be expected to
have a Buyer Material Adverse Effect.

 

Section 5.4           Actions.
There is no Action pending or threatened in writing or, to the Knowledge of Buyer, orally threatened against Buyer that challenges
the validity or enforceability of this Agreement or the other Transaction Documents, seeks to enjoin or prohibit consummation of
the transactions contemplated hereby or thereby, or otherwise arises out of or relates to any of the transactions contemplated
hereby or thereby. Buyer is not subject to any Order or any consent decree, stipulation or other agreement with any Governmental
Entity relating to the enjoinment or prohibition of consummation of the transactions contemplated by this Agreement or the other
Transaction Documents.

 

ARTICLE VI.

COVENANTS

 

Section 6.1           Conduct
of Business.

 

(a)          From
the date hereof through the Closing, except (i) as expressly contemplated in this Agreement (ii) as required by applicable Law,
or (iii) with the prior written consent of Buyer, Sellers shall cause the Company to (A) conduct the Business in the Ordinary Course
of Business, (B) use its commercially reasonable efforts to preserve in all material respects the present business operations,
organization and goodwill of the Company, (C) use its commercially reasonable efforts to preserve in all material respects the
present relationships with customers, clients or other Persons with whom the Company has a material business relationship.

 

(b)          Without
limiting the generality of Section 6.1(a), prior to the Closing, except (i) as expressly contemplated in this Agreement,
(ii) as required by applicable Law, or (iii) with the prior written consent of Buyer, Sellers shall not, and shall cause the Company
not to, do any of the following:

 

(i)          declare,
set aside, make or pay any dividend or other distribution in respect of the equity interests or other securities of, or other ownership
interests in, the Company or repurchase, redeem or otherwise acquire, or grant any rights or enter into any Contracts to repurchase,
redeem or acquire, any of the equity interests or other securities of, or other ownership interests in, the Company, other than
dividends in respect of the 2014 fiscal year in an amount consistent with the past practice of the Company;

 

(ii)         issue
or sell any equity interests or other securities of, or other ownership interests in, the Company or grant options, units, warrants,
calls or other rights to purchase or otherwise acquire equity interests or other securities of, or other ownership interests in,
the Company;

 

(iii)        effect
any recapitalization, reclassification, stock split or similar change in the capitalization of the Company;

 

(iv)        amend,
modify or otherwise alter the Organizational Documents of the Company;

 

    	20

    	 

    

 

(v)         increase
the compensation or benefits payable or to become payable to any employee other than as occurring in the Ordinary Course of Business

 

(vi)        acquire,
sell, assign, license, transfer, convey, lease or otherwise dispose of any properties or assets of the Company having a value in
excess of COP $1.000.000;

 

(vii)       make
any loan, advance or capital contribution to or investment in any Person;

 

(viii)      enter
into, modify or terminate any labor or collective bargaining agreement or, through negotiations or otherwise, make any commitment
or incur any liability to any labor organizations;

 

(ix)         enter
into or agree to enter into any merger or consolidation with any Person, or acquire the securities or any division, business or
all or substantially all of the assets of any other Person or create or acquire any Subsidiaries;

 

(x)          enter
into any new line of business, introduce any new products or services or change in any material respect existing products or services;

 

(xi)         modify
or terminate any Material Contract, or enter into a Contract that would be a Material Contract if it were in effect on the date
hereof other than entering into new Contracts with customers and clients in the Ordinary Course of Business;

 

(xii)        enter
into any joint venture, general or limited partnership agreement, limited liability company agreement or other similar agreement;

 

(xiii)       fail
to pay all maintenance and similar fees and take all other appropriate actions as necessary to prevent the abandonment, loss or
impairment of all Company Intellectual Property; or

 

(c)          In
the event that the Company desires to take, or Sellers desire to cause the Company to take, any of the actions that would otherwise
be prohibited by Section 6.1(b), Sellers may notify Buyer in writing of the proposed action(s) and request its consent,
which consent shall not be unreasonably conditioned or withheld. Buyer shall, within five (5) Business Days after its receipt of
Sellers’ written request, respond to Sellers indicating whether Buyer (i) consents to the taking of such action(s) (including
whether such consent is subject to any terms and conditions and if so, a description of such terms and conditions), or (ii) does
not consent to the taking of such action(s) (including the basis therefor); provided, that, if Buyer shall fail to
so respond within such ten (10) day period, Buyer shall be deemed to have granted its consent to such action(s).

 

Section 6.2           Announcements.
Neither the Buyer nor the Sellers shall issue any press release or make any written public announcement relating to the subject
matter of this Agreement without the prior review and written approval of (in the case of any press release or written public announcement
by the Buyer) the Sellers or (in the case of any press release or written public announcement by the Sellers) the Buyer; provided,
however, the foregoing shall not prohibit such disclosure if required by Law, any Governmental Authority or any regulatory
body (in which case the representative of the disclosing Party (being either the Sellers or the Buyer, as applicable) will use
its reasonable best efforts to consult with the other Party (being the other of the Sellers or the Buyer, as applicable) before
making the disclosure and to allow such other Party to review the text of the disclosure before it is made.

 

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Section 6.3           Confidentiality.
From and after the date hereof: (i) Sellers, on the one hand, and Buyer, on the other hand, shall, and shall cause their respective
Affiliates and representatives to, maintain in confidence this Agreement and any written, oral or other information related to
the negotiation hereof and thereof; (ii) Sellers shall, and shall cause their respective Affiliates and representatives to, maintain
in confidence any written, oral or other information of or relating to Buyer and any of its Affiliates (other than information
relating to the Company) obtained by virtue of this Agreement or Sellers’ ownership of equity interests in the Company; and
(iii) Buyer shall, and shall cause its Affiliates and representatives to, maintain in confidence any written, oral or other information
of or relating to any of Sellers and their respective Affiliates (other than information relating to the Company) obtained by virtue
of this Agreement or Buyer’s ownership of equity interests in the Company from and after the Closing, except, in each case,
to the extent that (A) the applicable party is required to disclose such information by judicial, arbitral or administrative process
or pursuant to applicable Law or applicable securities exchange rules, or (B) such information is now or subsequently becomes generally
available to the public through no fault of the party making such disclosure. Notwithstanding the foregoing, the applicable party
may disclose such information to (1) its representatives and Affiliates and the representatives of its Affiliates who need to know
such information for purposes of this Agreement and who agree to observe the terms of this Section 6.3, (2) any Governmental
Entity in connection with any regulatory approval, inspection, audit or similar process, (3) any Person with whom the applicable
party or any of its direct or indirect parent companies propose to enter into a business combination or other strategic transaction
and that agrees to observe the terms of this Section 6.3, or (4) in connection with any arbitration commenced under this
Agreement.

 

(a)          If
any party (or other Person with respect to which party is responsible) becomes legally compelled to disclose any information required
to be kept confidential pursuant to this Section 6.3 by judicial, arbitral or administrative process or pursuant to applicable
Law, such party shall provide the other applicable parties hereto with prompt prior written notice of such legal compulsion and,
to the extent reasonably practicable, cooperate with such other parties to obtain a protective order or similar remedy to cause
such information not to be disclosed, including interposing all available objections thereto; provided, that, in
the event that such protective order or other similar remedy is not obtained, such disclosing party shall furnish only that portion
of such information that has been legally compelled and shall exercise its commercially reasonable efforts to obtain assurance
that confidential treatment will be accorded such disclosed information.

 

Section 6.4           Access
to Information. From the date hereof until the Closing, Sellers (i) shall afford, and shall cause the Company and any Affiliates
of the Company to afford, Buyer and its representatives reasonable access during normal business hours to the officers, directors,
employees, properties, offices and Books and Records of the Business and the Company, including any such Books and Records that
are in the possession of the Company, and (ii) shall furnish, and shall cause the Company to furnish, Buyer with such financial,
operating and other data and information with respect to the Company, including any such data and information that are in the possession
of the Company, in each case as Buyer may reasonably request. Notwithstanding anything to the contrary set forth in this Agreement,
none of Sellers nor the Company shall be required to disclose to Buyer or any representative thereof any information to the extent
such disclosure would cause Sellers or the Company to forfeit any attorney-client privilege; provided, that, Sellers
and the Company, as applicable, shall use commercially reasonable efforts to provide Buyer and its Representatives with such information
in a manner that would preserve any such privilege.

 

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Section 6.5           Commercially
Reasonable Efforts. Subject to the terms and conditions herein provided, except as otherwise provided in this Agreement, each
of the parties hereto agrees to use its commercially reasonable efforts to take or cause to be taken all action, to do or cause
to be done and to assist and cooperate with the other parties hereto in doing all things necessary, proper or advisable under applicable
Laws and regulations to consummate and make effective, in the most expeditious manner practicable, the transactions contemplated
hereby, including, but not limited to (i) the satisfaction of the conditions precedent to the obligations of any of the parties
hereto; (ii) the obtaining of applicable consents, waivers or approvals of any third parties; (iii) the defending of any Actions
or other legal proceedings, whether judicial or administrative, challenging this Agreement or the performance of the obligations
hereunder; and (iv) the execution and delivery of such instruments, and the taking of such other actions as the other party hereto
may reasonably require in order to carry out the intent of this Agreement.

 

Section 6.6           Exclusivity.
Each Seller agrees that, from the date hereof until the earlier of the Closing or the termination of this Agreement in accordance
with its terms, it shall not, and it shall cause the Company and the Representatives and Affiliates of such Seller and the Company
not to, directly or indirectly: (a) solicit, initiate, facilitate or encourage the submission of any Acquisition Proposal; (b)
participate in any discussions or negotiations regarding, or furnish to any Person any information with respect to, or take any
other action to facilitate or encourage any inquiries or the making of any proposal that constitutes, or could be expected to lead
to, any Acquisition Proposal; (c) grant any waiver or release under any standstill or similar agreement with respect to any of
the Company’s securities; or (d) enter into any agreement with respect to any Acquisition Proposal. Each Seller agrees to
immediately terminate all discussions with Persons other than Buyer and its Affiliates concerning any Acquisition Proposal. Each
Seller agrees to promptly (and in any event, within twenty-four (24) hours) notify Buyer upon receipt of any Acquisition Proposal
and to provide Buyer with copies of all materials submitted therewith. For purposes of this Section 6.6, “Acquisition
Proposal” means any offer or proposal for, or indication of interest in, any sale, merger, consolidation, stock exchange,
business combination, reorganization, recapitalization, liquidation, dissolution or other similar transaction that involves the
purchase of any assets or capital stock of, or other equity interests in, the Company, other than the transactions contemplated
by this Agreement.

 

Section 6.7           Notifications.
From the date hereof to the Closing Date, each party hereto shall give prompt written notice to the other parties of any of the
following to which such party becomes aware: (a) the occurrence, or failure to occur, of any event or the existence of any condition
that has caused or could reasonably be likely to cause any of its representations or warranties contained in this Agreement to
be inaccurate or breached in any material respect at any time from and after the date hereof up to and including the Closing Date
(except to the extent such representations and warranties are expressly made as of a specified date, in which case as of such specified
date), (b) any material notice or other communication that has been received by such party from any Governmental Entity in connection
with the transactions contemplated hereunder, (c) any Action commenced or threatened in writing relating to or involving any party
hereto in respect of this Agreement or the transactions contemplated hereby or thereby, and (d) any failure on its part to comply
with or satisfy, in any material respect, any covenant, condition or agreement to be complied with or satisfied by it under this
Agreement. No notification to Buyer made pursuant to this Section 6.7 shall have the effect of satisfying the conditions
set forth in Section 7.1, nor shall any such notification have any effect for the purpose of determining the right of any
Buyer Indemnified Party to claim or obtain indemnification under this Agreement.

 

Section 6.8           Non-Compete.
During the period commencing on the date of this Agreement until the fifth (5th) anniversary of the Closing Date, without
the express, prior written consent of the Buyer, the Sellers agree not to, directly or indirectly, or through one or more Affiliates,
including as partner, member, stockholder, investor or licensor or in any other capacity own, control, manage, operate or participate
in, any business or entity that, competes with the Business of the Company in Colombia or abroad.

 

    	23

    	 

    

 

Section 6.9           Clawback
Liabilities. Within twelve (12) months following the Closing Date (the “Clawback End Date”), the Sellers
shall pay the Clawback Liabilities to Buyer by wire transfer to the Colombian bank accounts specified by the Seller. For this purpose,
Sellers shall notify Buyer in writing with at least twenty (20) days prior to the date in which the Clawback Liabilities will be
paid by the Sellers to Buyer. Delivery of the Retained IDGSC Shares to Sellers by Buyer is subject to the payment of the Clawback
Liabilities before the Clawback End Date. In the event Sellers do not pay the Clawback Liabilities as set forth in this Agreement
within the term set forth in this Section 6.5 herein, Buyer shall be entitled to keep the property of the Retained IDGSC
Shares.

 

Section 6.10         Guarantees.
Sellers shall maintain all of their guarantees with financial entities in Colombia with respect to the Company for a period commencing
on the date of this Agreement until the third (3rd) month following the Closing Date.

 

ARTICLE VII.

CONDITIONS TO CLOSING

 

Section 7.1           Conditions
Precedent to Obligations of Buyer. The obligations of Buyer to consummate the transactions contemplated by this Agreement are
subject to the fulfillment, on or prior to the Closing Date, of each of the following conditions (any or all of which may be waived
by Buyer in whole or in part in Buyer’s sole discretion to the extent permitted by applicable Law):

 

(a)          
Representations and Warranties. The representations and warranties set forth in Article III and Article IV of
this Agreement shall be true and correct in all material respects as of the date hereof and as of the Closing Date as though made
on and as of the Closing Date (except to the extent expressly made as of a specified date, in which case as of such specified date);

 

(b)          
Covenants and Agreements. Each Seller shall have performed and complied in all material respects with all of the undertakings
and obligations required by this Agreement to be performed or complied with by such Seller prior to or on the Closing Date;

 

(c)          Payment
of Cancelled Liabilities. The Sellers shall have caused the Company to transfer out or pay the Cancelled Liabilities;

 

(d)          Matters
regarding prior Capitalizations: Sellers shall have caused the registration before the Bogota Chamber of Commerce: (i) of Public
Deed No 2412 dated December 27, 2013, and; (i) Public Deed No 2413 dated December 27, 2013 and shall have amended, clarified and
ratified minute number 25 of the Company’s Extraordinary Shareholders Meeting dated December 23 2013 and pursuant to which
fifteen thousand (15.000) Company shares where subscribed by Luis Alvaro Cuestas Rincon and Alvaro Mauricio Cuestas Rojas;

 

(e)          Pledge:
There shall not exist any pledge or Encumbrance over the Shares;

 

(f)          Closing
Certificate. Buyer shall have received a certificate, dated the Closing Date, in substantially the form attached as Exhibit
A hereto, certifying that the conditions specified in Sections 7.1(a), (b), (c), (d) and (e) have been satisfied;

 

(g)          No
Prohibition. No Laws shall have been enacted or promulgated by any Governmental Entity that prohibit the sale of the Shares
or the consummation of the other transactions contemplated by this Agreement, and no order shall exist against Buyer, any Seller,
the Company or any of their respective Affiliates that prohibits the sale of the Shares or the consummation of the other transactions
contemplated by this Agreement;

 

    	24

    	 

    

 

(h)          Third-Party
Consents. All authorizations, consents, waivers, orders, approvals required by the provisions of this Agreement to be obtained
from Sellers shall have been obtained, shall not be subject to the satisfaction of any condition that has not been satisfied or
waived, shall be in full force and effect and shall be evidenced by documentation in form and substance reasonable satisfactory
to the Buyer ;

 

(i)          No
Material Adverse Effect. Since the date hereof, there shall not have occurred any Material Adverse Effect; and

 

(j)          Other
Deliverables. Buyer shall have received the items listed in Section 2.7(a).

 

Section 7.2           Conditions
Precedent to Obligations of Sellers. The obligations of each Seller to consummate the transactions contemplated by this Agreement
are subject to the fulfillment, prior to or on the Closing Date, of each of the following conditions (any or all of which may be
waived by such Seller, in whole or in part, in such Seller’s sole discretion to the extent permitted by applicable Law):

 

(a)          Representations
and Warranties. The representations and warranties of Buyer set forth in Article V of this Agreement shall be true and
correct in all material respects as of the date hereof and as of the Closing Date as though made on and as of the Closing Date
(except to the extent expressly made as of a specified date, in which case as of such specified date);

 

(b)          Covenants
and Agreements. Buyer shall have performed and complied in all material respects with all of the undertakings and agreements
required by this Agreement to be performed or complied with by Buyer prior to or on the Closing Date;

 

(c)          Closing
Certificate. Sellers shall have received a certificate, dated the Closing Date, in substantially the form attached as Exhibit
B hereto, signed by an executive officer of Buyer, certifying on behalf of Buyer that the conditions specified in Section
7.2(a) and Section 7.2(b) have been satisfied;

 

(d)          No
Prohibition. No Laws shall have been enacted or promulgated by any Governmental Entity that prohibit the sale of the Shares
or the consummation of the other transactions contemplated by this Agreement, and no order shall exist against Buyer, any Seller,
the Company or any of their respective Affiliates that prohibits the sale of the Shares or the consummation of the other transactions
contemplated by this Agreement or the other Transaction Documents; and

 

(e)          Other
Deliverables. Sellers shall have received the items listed in Section 2.7(b).

 

    	25

    	 

    

 

ARTICLE VIII.

INDEMNIFICATION

 

Section 8.1           Indemnification.

 

(a)          Indemnification
by Sellers. Subject to this Article VIII, the Sellers agree to pay and to indemnify fully, hold harmless and defend
the Buyer from and against any and all damages, losses, claims, demands, actions, suits, proceedings, payments, judgments, and
out-of-pocket costs and expenses (“Losses”), sustained or incurred by Buyer arising out of, relating to or based
upon: (a) any inaccuracy or breach of any representation and warranty of the Sellers and on behalf of the Company set forth herein
and/or or in any certificate delivered pursuant hereto and (b) any breach or nonfulfillment by Sellers of any covenant or obligation
of Sellers set forth herein or in any certificate delivered pursuant hereto; provided, however, that solely for purposes
of determining any right to indemnification of the Buyer under this Section 8.18(a), such representations and warranties
shall not be deemed qualified by any references to materiality or Material Adverse Effect. The indemnification obligations of the
Sellers under this Section 8.1(a) shall be joint and several.

 

(b)          Indemnification
by Buyer. Subject to this Article VIII, the Buyer agrees to pay and to indemnify fully, hold harmless and defend the
Sellers from and against any and all Losses, sustained or incurred by Sellers arising out of, relating to or based upon: (a) any
inaccuracy or breach of any representation and warranty of the Buyer for itself and on behalf of the Company set forth herein and/or
or in any certificate delivered pursuant hereto and (b) any breach or nonfulfillment by Buyer of any covenant or obligation of
Buyer set forth herein or in any certificate delivered pursuant hereto; provided, however, that solely for purposes of determining
any right to indemnification of the Sellers under this Section 8.1(b), such representations and warranties shall not
be deemed qualified by any references to materiality or Material Adverse Effect.

 

(c)          Limitations
on Indemnification.

 

(i)          Survival.
The indemnification obligations set forth in this Article VIII shall survive the Closing and shall remain in full force
and effect for a period of twenty four (24) months following the Closing Date (and no Claims shall be made for indemnification
under Section 8.1(a) and 8.1(b), except for: (i) such indemnification obligations of the Sellers resulting from the breach
of representations and warranties set forth in Article III all of which shall survive the Closing and shall remain in full
force and effect until the expiration of the respective statute of limitations; and (ii) any indemnification obligations of the
Sellers resulting from the breach of Section 4.7 and Section 4.18 which shall remain in full force and effect for
a period of sixty (60) months and thirty six (36) month respectively following the Closing Date .

 

(ii)         
Limitations on Buyer’s Indemnification. The maximum amount of liability of the Buyer pursuant to Section 8.2
shall be USD 50,000 (the “Cap”). However, this provision shall not limit the liability of the Buyer for any
representation, warranty or covenant claim resulting from the obligations of the Buyer to indemnify the Sellers in connection with
any claims arising from fraud or criminal activity or willful misconduct for which no limitation shall apply.

 

Section 8.2           Indemnification
Procedures.

 

(a)          A
Buyer Indemnified Party or Seller Indemnified Party, when they are entitled to be indemnified and held harmless under this Agreement
(the “Indemnified Party”) shall promptly notify the party liable for such indemnification (the “Indemnifying
Party”) in writing of any claim in respect of which indemnity may be sought under this Article VIII after it becomes
aware of such claim, including any pending or threatened claim or demand by a third party that the Indemnified Party has determined
has given or could reasonably give rise to a right of indemnification under this Agreement (such claim or demand by a third party
being a “Third Party Claim”), describing in reasonable detail (i) the facts and circumstances with respect to
the subject matter of such claim or demand, (ii) a description of the basis on which it contends that such facts constitute a claim
to be indemnified under this Agreement, (iii) the nature and, to the extent known, the amount, of the Losses suffered, and (iv)
copies of any documentation supporting such claim; provided, that, the failure to provide such notice or accompanying
documentation shall not release the Indemnifying Party from any of its obligations under this Article VIII except to the
extent, and only to the extent, that the Indemnifying Party is materially prejudiced by such failure.

 

    	26

    	 

    

 

(b)          Upon
receipt of a notice of a claim for indemnity from an Indemnified Party pursuant to Section 8.2(a) in respect of a Third
Party Claim, the Indemnifying Party may, by notice to the Indemnified Party delivered within ten (10) Business Days of the receipt
of notice of such Third Party Claim, assume the defense and control of such Third Party Claim, with its own counsel and at its
own expense, but shall allow the Indemnified Party a reasonable opportunity to participate in the defense of such Third Party Claim
with its own counsel and at its own expense; provided, that, unless consented to by the Indemnified Party, the Indemnifying
Party shall not be entitled to assume control of such defense (which shall be controlled by the Indemnified Party) if (i) in the
reasonable opinion of the Indemnified Party’s counsel, a conflict of interest exists between the Indemnified Party and the
Indemnifying Party in connection with such Third Party Claim, (ii) the claim for indemnification relates to or arises in connection
with any criminal or regulatory proceeding, action, indictment, allegation or investigation against the Indemnified Party, (iii)
the claim is by a customer or client of the Indemnified Party, or (iv) the claim is an amount in excess of, or has a reasonable
likelihood of resulting in Losses that would exceed the Cap. In the event that the Indemnified Party elects to control the defense
of a Third Party Claim pursuant to clause (i) of this Section 8.2(b), the Indemnifying Party shall pay the fees and expenses
of one counsel (plus local counsel, if any) retained by the Indemnified Party. For the avoidance of doubt, in the event that the
Indemnifying Party (with the consent of the Indemnified Party) assumes control of the defense in an action where clause (i), (ii),
(iii) or (iv) above would apply, the costs and expenses of such defense shall be borne by the Indemnifying Party. The Indemnified
Party may take any actions reasonably necessary and which may not be postponed to defend such Third Party Claim prior to the time
that it receives a notice from the Indemnifying Party as contemplated by the preceding sentence. If the Indemnifying Party chooses
to defend any Third Party Claim, the parties hereto shall reasonably cooperate in the defense of such Third Party Claim. The defense
of any Third Party Claim (whether conducted by the Indemnifying Party or the Indemnified Party) shall be conducted in good faith
with a view to minimizing the potential liability of the Indemnified Party in connection with the Third Party Claim and the Person
conducting such defense shall be assisted by reputable counsel if reasonably required under the circumstances and, in general,
take all reasonable measures for an adequate defense against the Third Party Claim. The Indemnifying Party shall not, without the
prior written consent of the Indemnified Party, (A) consent to a settlement, compromise or discharge of, or the entry of any judgment
arising from, any Third Party Claim involving any reinsurance provider or any customer or client of the Company or (B) consent
to a settlement, compromise or discharge of, or the entry of any judgment arising from, any Third Party Claim unless such settlement,
compromise, discharge or entry of judgment does not involve any finding or admission of any violation of Law or admission of any
wrongdoing by the Indemnified Party and the Indemnifying Party shall (i) pay or cause to be paid all amounts arising out of such
settlement or judgment concurrently with the effectiveness of such settlement or judgment (except as otherwise provided in such
judgment), (ii) not encumber any of the material assets of any Indemnified Party or agree to any restriction or condition that
would apply to or materially adversely affect any Indemnified Party or its business or the conduct of the Business, and (iii) obtain,
as a condition of any settlement or other resolution, a complete and unconditional release of each Indemnified Party from any and
all Liability in respect of such Third Party Claim.

 

(c)          The
Indemnified Party shall not settle compromise or consent to the entry of any judgment with respect to any claim or demand for which
it is seeking indemnification from the Indemnifying Party or admit to any Liability with respect to such claim or demand without
the prior express written consent of the Indemnifying Party.

 

    	27

    	 

    

 

Section 8.3           Nature
of Remedy. Following the Closing, the indemnities provided in this Article VIII shall be the sole and exclusive remedy
of the Parties with respect to any and all claims for Losses sustained or incurred arising out of, in connection with or relating
to this Agreement and the transactions contemplated by this Agreement (other than the Shareholders Agreement), other than claims
for fraud.

 

Section 8.4           Right
of Set-Off. Upon the notice to Sellers or Buyer specifying in reasonable detail the basis of such set-off, Buyer or Sellers
may set off any amount otherwise payable to the other Party. The exercise of such right of set-off by the Parties in good faith,
whether or not ultimately determined to be justified, will not constitute a breach under this Agreement. Nevertheless the exercise
of nor the failure to exercise such right of set-off will not constitute an election of remedies or limit Buyer in any manner in
the enforcement of any other remedies than may be available to it.

 

ARTICLE IX.

TERMINATION

 

Section 9.1           Termination
of Agreement. This Agreement may be terminated prior to the Closing as follows:

 

(a)          Mutual
Consent. By mutual written consent of Buyer and Sellers;

 

(b)          End
Date. By either Buyer or the Sellers, if Closing shall not have occurred by the End Date;

 

(c)          Governmental
Prohibitions. By either Buyer or the Sellers, if there shall be in effect a final, non-appealable order of a Governmental Entity
of competent jurisdiction prohibiting the sale of the Shares or the consummation of the other transactions contemplated by this
Agreement;

 

(d)          Breach
by Sellers. By Buyer, if there has been a breach of, or inaccuracy in, any of the representations, warranties, covenants or
agreements of Sellers that would cause the failure of a condition set forth in Section 7.1(a) or Section 7.1(b) to
be satisfied and such breach or inaccuracy is either not capable of being cured prior to the Closing or if capable of being cured,
is not so cured within thirty (30) days after Buyer has provided written notice thereof to Sellers;

 

(e)          Breach
by Buyer. By the Sellers, if there has been a breach of, or inaccuracy in, any of the representations, warranties, covenants
or agreements of Buyer that would cause the failure of a condition set forth in Section 7.2(a) or Section 7.2(b)
to be satisfied and such breach or inaccuracy is either not capable of being cured prior to the Closing or if capable of being
cured, is not so cured within thirty (30) days after the Sellers’ Representatives have provided written notice thereof to
Buyer; or

 

Section 9.2           Effect
of Termination. In the event that this Agreement is validly terminated pursuant to Section 9.1, this Agreement shall
become void and of no effect without Liability of any party hereto (or any of its directors, officers, employees, stockholders,
Affiliates, agents, successors or assigns) to any other party hereto except as provided in this Section 9.2; provided,
that, nothing in this Section 9.2 shall relieve any party of any Liability for fraud or willful breach. The provisions
of Section 6.1 (Announcements), Section 6.2 (Confidentiality), this Section 9.2 (Effect of Termination), Section
10.1 (Expenses), Section 10.2 (Governing Law), Section 10.3 (Arbitration) and Section 10.7 (Notices),
together with any relevant rules of construction set forth and terms defined in Section 1.1, shall survive any such termination
and shall be enforceable hereunder.

 

    	28

    	 

    

 

ARTICLE X.

MISCELLANEOUS

 

Section 10.1         Expenses.
Except as otherwise expressly provided in this Agreement, each Seller, on the one hand, and Buyer, on the other hand, shall bear
its own costs and expenses incurred in connection with the negotiation and execution of, and the consummation of the transactions
contemplated by, this Agreement and the other Transaction Documents, whether or not such transactions shall be consummated.

 

Section 10.2         Governing
Law. This Agreement shall be governed by and construed in accordance with the Laws of the Republic of Colombia, without giving
effect to its principles or rules of conflict of laws.

 

Section 10.3         Arbitration.

 

(f)          Any
dispute, controversy or claim directly or indirectly arising out of, in connection with, or relating to, this Agreement the transactions
contemplated by this Agreement shall be finally settled by arbitration administered by the International Court of Arbitration of
the International Chamber of Commerce (the “ICC Court”) in accordance with the Rules of Arbitration of the International
Chamber of Commerce (the “ICC Rules”), in effect at the time of the arbitration, except as they may be modified
herein or by mutual agreement of the parties. The arbitration shall be conducted by three arbitrators, each of whom shall be fluent
in the English language (the “Arbitral Tribunal”). The arbitration shall be conducted in the English language;
provided, that, any party may submit testimony or documentary evidence in any language if it furnishes, upon the
request of the other party, a translation into English of any such testimony or documentary evidence. The seat of the arbitration
shall be in Bogotá, D.C. Colombia.

 

(g)          The
party initiating arbitration (the “Claimant”) shall nominate an arbitrator in its request for arbitration (the
“Arbitration Request”). The other party or parties (the “Respondent”), which in the case
of Sellers shall be the Sellers’ Representatives, shall nominate an arbitrator within 30 days of receipt of the Arbitration
Request and shall notify the Claimant of such nomination in writing. If either the Claimant or the Respondent fail to nominate
an arbitrator within the specified time period, then the ICC Court shall appoint an arbitrator on behalf of the Claimant and/or
Respondent. The first two arbitrators, once appointed by the ICC Court, shall nominate a third arbitrator within 30 days. If the
first two arbitrators appointed fail to nominate a third arbitrator within such time, the ICC Court shall appoint the third arbitrator
and shall promptly notify the parties of the appointment. The third arbitrator shall act as chair of the Arbitral Tribunal.

 

(h)          In
respect of any dispute, controversy or claim arising out of or in connection with the refusal by any party to effect the Closing,
if a Claimant initiates arbitration with respect to such dispute, controversy or claim pursuant to this Section 10.3, the
“Emergency Arbitrator Provisions” of the ICC Rules shall apply.

 

(i)          Any
award rendered by the arbitrators shall be in writing in the English language and shall be final and binding upon the parties,
and may include an award of costs, including reasonable legal fees and disbursements. The parties agree that any court of competent
jurisdiction in which enforcement of the award is sought shall have power to enforce the relief awarded by the Arbitral Tribunal,
regardless of whether such relief is characterized as legal, injunctive, specific performance or otherwise. The predominately losing
party or parties shall be responsible for the predominately prevailing party’s or parties’ costs and expenses, including,
without limitation, legal fees (including fees and expenses of internal legal personnel allocable to the dispute that is the subject
of such arbitration) in respect of the arbitration proceeding and any ancillary proceeding to obtain injunctive or other interim
relief or to enforce a final award or other final relief.

 

    	29

    	 

    

 

Section 10.4         Entire
Agreement; Amendments and Waivers.

 

(a)          This
Agreement, including the Schedules and any exhibits or annexes hereto and thereto, represent the entire understanding and agreement
among the parties with respect to the subject matter hereof and thereof and supersede all other agreements and understandings,
both written and oral, with respect to the subject matter hereof and thereof.

 

(b)          This
Agreement may be amended, supplemented or changed, and any provision hereof or thereof may be waived, only by written instrument
making specific reference to this Agreement and such provision, as applicable, signed by the parties or, in the case of any waiver,
by the party or parties against which such waiver is to be effective.

 

Section 10.5         Taxes.
Except as otherwise expressly provided in this Agreement, each Seller, on the one hand, and Buyer, on the other hand, shall bear
its own taxes incurred in connection with the execution of this Agreement, whether or not such transactions shall be consummated.

 

Section 10.6         Table
of Contents and Headings. The table of contents and section headings of this Agreement are for reference purposes only and
are to be given no effect in the construction or interpretation of this Agreement.

 

Section 10.7         Notices.
All notices and other communications under this Agreement shall be in writing and in the English language and shall be deemed given
when (a) delivered personally, or (b) sent by an internationally recognized courier (such as Airborne Express or Federal Express)
to the parties (and, in each case, shall also be transmitted by facsimile to the Persons receiving copies thereof) at the following
addresses (or to such other address as a party may have specified by notice given to the other party pursuant to this provision):

 

If to any Seller, to the address of such Seller
set forth on Schedule I hereto, with a copy (which copy shall not constitute notice) to:

 

If to Sellers, to:

 

Álvaro Mauricio Cuestas
Rojas

Avenida 15 #100-69,

Bogotá D.C., Colombia

Facsimile:          +57 1 644
3300

Telephone:       +57 1 644
3300

 

If to Buyer, to:

 

ID GLOBAL SOLUTIONS CORPORATION

160 East Lake Brantley Dr,

Longwood, FL, 32779

Attention:          Douglas Solomon

Facsimile:           +1 407 951
8640

Telephone:        +1 407 951
8640

 

    	30

    	 

    

 

All notices and other communications shall
be deemed to have been received: (i) if by personal delivery, on the Business Day after such delivery, and (ii) if by an internationally
recognized courier, on the fifth (5th) Business Day after the mailing thereof.

 

Section 10.8         Severability.
If any term or other provision of this Agreement is invalid, illegal or unenforceable, all other terms and provisions of this Agreement
shall nevertheless remain in full force and effect.

 

Section 10.9         Binding
Effect; Assignment. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective
successors and permitted assigns. No assignment of this Agreement or of any rights or obligations hereunder may be made by any
of the parties hereto without the prior written consent of each of the other parties hereto, and any attempted assignment without
obtaining such required consents shall be void and of no force or effect; provided, that, Buyer may assign all or
a portion of its rights hereunder (including its right to purchase Shares hereunder) to any one or more of its Affiliates and cause
such Affiliates to assume all or a portion Buyer’s obligations hereunder (including its obligation to purchase Shares hereunder),
but no such assignment and assumption shall release Buyer from any liability or obligation under this Agreement.

 

Section 10.10         Exhibits
and Schedules. The Exhibits and Schedules identified in this Agreement are incorporated herein by reference and hereby made
a part hereof.

 

Section 10.11         Third-Party
Beneficiaries. This Agreement shall be binding upon and inure solely to the benefit of each party hereto and nothing in this
Agreement, express or implied, is intended to or shall confer upon any other Person any rights, benefits or remedies of any nature
whatsoever under or by reason of this Agreement; provided, that, the Buyer indemnified parties and the Seller indemnified
parties shall be third-party beneficiaries of, and shall be entitled to enforce, the provisions of Article VIII.

 

Section 10.12         Construction;
Independent Legal Advice. The parties hereto have participated jointly in the negotiation and drafting of this Agreement. In
the event that an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly
by the parties and no presumption or burden of proof shall arise favoring or disfavoring any party hereto by virtue of the authorship
of any of the provisions of this Agreement. The parties hereto acknowledge and agree that in executing this Agreement, they have
had and relied upon the recommendations of their respective attorneys, that they have read this Agreement, understood it and executed
this Agreement voluntarily and with the full understanding of its terms and effects.

 

Section 10.13         Counterparts.
This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all of which together
shall constitute one and the same instrument. This Agreement shall be effective upon execution and delivery of either manually
signed or facsimile or electronic signed signature pages.

 

[SIGNATURE PAGES FOLLOW]

 

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IN WITNESS WHEREOF, the
parties have caused this Agreement to be executed by their respective officers thereunto duly authorized, as of the date first
written above.

 

	 	SELLER:
	 	 	 
	 	A2S S.A.S.
	 	 	 
	 	By:	/s/ Luis Álvaro Cuestas Rincón
	 	Name: Luis Álvaro Cuestas Rincón
	 	Title: Legal Representative

 

    	 

    	 

    

 

IN WITNESS WHEREOF, the
parties have caused this Agreement to be executed by their respective officers thereunto duly authorized, as of the date first
written above.

 

	 	SELLER:
	 	 	 
	 	By:	/s/ Luis Álvaro Cuestas Rincón
	 	Name: Luis Álvaro Cuestas Rincón

 

    	 

    	 

    

 

IN WITNESS WHEREOF, the
parties have caused this Agreement to be executed by their respective officers thereunto duly authorized, as of the date first
written above.

 

	 	SELLER:
	 	 	 
	 	By: 	/s/Álvaro Mauricio Cuestas Rojas
	 	Name: Álvaro Mauricio Cuestas Rojas

 

    	 

    	 

    

 

IN WITNESS WHEREOF, the
parties have caused this Agreement to be executed by their respective officers thereunto duly authorized, as of the date first
written above.

 

	 	SELLER:
	 	 	 
	 	By:	/s/ Sofia Cristina Cuestas Rojas
	 	Name: Sofia Cristina Cuestas Rojas

 

    	 

    	 

    

 

IN WITNESS WHEREOF, the
parties have caused this Agreement to be executed by their respective officers thereunto duly authorized, as of the date first
written above.

 

	 	SELLER:
	 	 	 
	 	By:	/s/ Luis Álvaro Cuestas Rincón
	 	Name: Luis Álvaro Cuestas Rincón on behalf of Sofia Cristina Rojas de Cuestas

 

IN WITNESS WHEREOF, the
parties have caused this Agreement to be executed by their respective officers thereunto duly authorized, as of the date first
written above.

 

	 	BUYER:
	 	 	 
	 	ID GLOBAL SOLUTIONS CORPORATION
	 	 	 
	 	By:	/s/ Douglas Wayne Solomon
	 	Name: Douglas Wayne Solomon
	 	Title: Chairman and Chief Operating Officer

 

    	 

    	 

    

 

Schedule I

Sellers

 

	Sellers
	 
	A2S S.A.S.
	 
	Luis Álvaro Cuestas Rincón
	 
	Sofia Cristina Cuestas Rojas
	 
	Álvaro Mauricio Cuestas Rojas
	 
	Sofia Rojas de Cuestas

 

    	 

    	 

    

 

Schedule 2.1

Shares to be Sold

 

	Shareholder	 	Value	 	No. Of Shares 	 	Participation (%)
	 	 	 	 	 	 	 
	A2S S.A.S.	 	COP$2.662.000.000	 	133.100	 	80,29
	 	 	 	 	 	 	 
	Luis Álvaro Cuestas Rincón	 	COP$415.560.000	 	20.778	 	12,53
	 	 	 	 	 	 	 
	Sofia Cristina Cuestas Rojas	 	COP$42.400.000	 	2.120	 	1,28
	 	 	 	 	 	 	 
	Álvaro Mauricio Cuestas Rojas 	 	COP$192.400.000	 	9.620	 	5,80
	 	 	 	 	 	 	 
	Sofia Cristina Rojas de Cuestas	 	COP$2.940.000	 	147	 	0,09
	 	 	 	 	 	 	 
	Total	 	COP$3.315.300.000	 	165.765	 	100

 

    	 

    	 

    

 

Schedule 2.3(a)

Allocation of Shares

 

	Shareholder	 	ID	 	No. of ID Global Shares 	 	Participation (%)
	 	 	 	 	 	 	 
	A2S S.A.S.	 	NIT 900.517.811-1	 	6.102.373.842	 	80,29
	 	 	 	 	 	 	 
	Luis Álvaro Cuestas Rincón	 	CC 17.032.686	 	952.630.531	 	12,53
	 	 	 	 	 	 	 
	Sofia Cristina Cuestas Rojas	 	CC 52.647.156	 	97.197.840	 	1,28
	 	 	 	 	 	 	 
	Álvaro Mauricio Cuestas Rojas 	 	CC 79.940.519	 	441.058.124	 	5,80
	 	 	 	 	 	 	 
	Sofia Cristina Rojas de Cuestas	 	CC 20.606.089	 	6.739.662	 	0,09
	 	 	 	 	 	 	 
	Total	 	-	 	7.600.000.000	 	100

 

    	 

    	 

    

 

 

Schedule 2.3(b)

Clawback Liabilities

 

 

	Obligaciones
    de Multipay S.A. con proveedores a Marzo 2015	03-mar
	GASTOS	 
	PROVEEDOR	CONCEPTO	No.
    FACTURA	FECHA
    DE EMISION	FECHA
    DE PAGO	Dias
    Emisión Facura	Dias
    Mora	Semana
    1	Semana
    2	Semana
    3	Semana
    4	 
	OBLIGACIONES
    FINANCIERAS	 	 	02
    al 8	09
    al 15	16
    al 22	23
    al 01	109.257.031,00
	BANCOLOMBIA	Credito
    reestructuración	 	01-ene	05-ene	62	58	20.469.630,00	 	 	 	 
	BANCOLOMBIA	Credito
    reestructuración	 	01-feb	05-feb	32	28	20.469.630,00	 	 	 	 
	MULTISOFT
    SAS	PRESTAMOS
    PAGOS NOMINA, BONOS, ARRIENDO , LOGROS,MENSAJERIA	N/A	02-mar	10-abr	1	-37	 	            68.317.771,00
    	 	 	 
	OBLIGACIONES
    CON PARTICULARES	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	GASTOS
    DE PERSONAL	 	 	 	 	 	 	74.085.100,00
	MARIA
    ROJAS	NOMIN,
    BONOS, INT. CESANTIAS, ACH, LIQUIDACION STIVEN TORRES ENERO 2015	001-2015	29-ene-15	27-feb-15	34	6	50.000.000,00	 	 	 	 
	PLANILLA
    SOI	SEGURIDAD  SOCIAL
    SALUD MAR PENSION FEB	ene-00	2-mar-15	4-mar-15	1	-1	9.401.100,00	 	 	 	 
	KIBERNUM
    COLOMBIA	SERVICIO
    GESTIONADO DIC INGENIERO JULIAN ROMERO	29	11-feb-15	12-mar-15	22	-9	 	1.575.000,00	 	 	 
	KIBERNUM
    COLOMBIA	SERVICIO
    GESTIONADO ENE INGENIERO JULIAN ROMERO	30	11-feb-15	12-mar-15	22	-9	 	5.250.000,00	 	 	 
	KIBERNUM
    COLOMBIA	SERVICIO
    GESTIONADO ENE INGENIERO LEINER BEJARANO	33	24-feb-15	24-mar-15	9	-21	 	 	 	5.250.000,00	 
	KIBERNUM
    COLOMBIA	SERVICIO
    GESTIONADO ENE INGENIERO JULIAN ROMERO	34	24-feb-15	24-mar-15	9	-21	 	 	 	2.310.000,00	 
	METLIFE
    COLOMBIA SEGUROS DE VIDA SA	POLIZA
    HENRY SUAREZ FEBRERO 2015	439491	2-feb-15	15-feb-15	31	18	 	248.400,00	 	 	 
	RECORDAR
    PREVISION EXEQUIAL TOTAL SAS	PALN
    CORPORATIVO FEB	BG166257	1-mar-15	15-mar-15	2	-12	 	50.600,00	 	 	 
	HONORARIOS	 	 	 	 	 	 	103.026.016,00
	ESPERANZA
    TARAZONA GONZALEZ	SERVICIO
    DE CONSULTORIA REESTRUCTURACION PASIVO	2	19-sep-14	19-oct-14	164	134	7.411.511,00	 	 	 	 

 

 

    	 

    	 

    

 

 

 

 

	A2S
    SAS	ASESORIA
    FINANCIERA ENE 2015	5	1-ene-15	1-ene-15	62	62	10.436.000,00	 	 	 	 
	A2S
    SAS	ASESORIA
    FINANCIERA FEB 2015	7	2-feb-15	2-mar-15	31	1	10.436.000,00	 	 	 	 
	A2S
    SAS	ASESORIA
    FINANCIERA OCT- NOV Y DIC 2014	 	2-oct-14	2-dic-14	151	91	31.308.000,00	 	 	 	 
	CONTADORES
    WILCHES & GOMEZ LTDA	REVISORIA
    FISCAL NOV Y DIC DE 2014	2249	12-dic-14	12-ene-15	81	51	787.500,00	 	 	 	 
	CONTADORES
    WILCHES & GOMEZ LTDA	REVISORIA
    FISCAL ENERO 2015	2264	20-ene-15	20-feb-15	43	13	823.725,00	 	 	 	 
	CONTADORES
    WILCHES & GOMEZ LTDA	REVISORIA
    FISCAL FEBRERO 2015	2276	28-feb-15	28-mar-15	3	-25	 	 	 	823.725,00	 
	FRANCISCO
    GOMEZ ZABALA	HONORAROS
    POR MODELO FINANCIERO	39	23-oct-14	23-nov-14	130	100	2.999.555,00	 	 	 	 
	JORGE
    GARCIA	HONORARIOS
    PROCESO UTR&T CONCILIACION 15%	1	22-dic-14	22-ene-15	71	41	38.000.000,00	 	 	 	 
	ARRENDAMIENTOS	 	 	 	 	 	 	60.364.531,00
	EDIFICIO
    VANGUARDIA 101	ADMON
    MES DE MARZO 607	11837	1-mar-15	10-mar-15	2	-7	 	725.300,00	 	 	 
	EDIFICIO
    VANGUARDIA 101	ADMON
    MES DE MARZO 608	11838	1-mar-15	10-mar-15	2	-7	 	695.900,00	 	 	 
	EDIFICIO
    VANGUARDIA 101	ADMON
    MES DE MARZO 608	11838	1-feb-15	10-feb-15	32	23	121.200,00	 	 	 	 
	ADMINISTRACION
    INMOBILIARIA GOMEZ LTDA	CANON
    ARRENDAMIENTO MARZO 2015 OF 608	15814	1-mar-15	10-mar-15	2	-7	 	3.834.079,00	 	 	 
	ADMINISTRACION
    INMOBILIARIA GOMEZ LTDA	CANON
    DE ARRENDAMIENTO MARZO 2014 607	15816	1-mar-15	10-mar-15	2	-7	 	3.539.150,00	 	 	 
	DIVEO
    DATA CENTER - SIPNASIS DC S.A.S.	CANON
    ABRIL 2014 (saldo)	3372	1-may-14	31-may-14	302	273	776.092,00	 	 	 	 
	DIVEO
    DATA CENTER - SIPNASIS DC S.A.S.	CANON
    MAYO 2014	3443	15-may-14	14-jun-14	288	259	4.712.249,00	 	 	 	 
	DIVEO
    DATA CENTER - SIPNASIS DC S.A.S.	CANON
    JUNIO 2014	3484	4-jun-14	4-jul-14	269	239	4.722.994,00	 	 	 	 
	DIVEO
    DATA CENTER - SIPNASIS DC S.A.S.	CANON
    JULIO 2014	3534	3-jul-14	2-ago-14	240	211	4.630.625,00	 	 	 	 
	DIVEO
    DATA CENTER - SIPNASIS DC S.A.S.	CANON
    AGOSTO 2014	3585	4-ago-14	3-sep-14	209	180	4.664.342,00	 	 	 	 
	DIVEO
    DATA CENTER - SIPNASIS DC S.A.S.	CANON
    SEPTIEMBRE 2014	3633	3-sep-14	3-sep-14	180	180	4.798.805,00	 	 	 	 
	DIVEO
    DATA CENTER - SIPNASIS DC S.A.S.	CANON
    OCTUBRE 2014	3677	8-oct-14	7-nov-14	145	116	4.999.479,00	 	 	 	 
	DIVEO
    DATA CENTER - SIPNASIS DC S.A.S.	CANON
    NOVIEMBRE 2014	3728	6-nov-14	6-dic-14	117	87	5.112.787,00	 	 	 	 
	DIVEO
    DATA CENTER - SIPNASIS DC S.A.S.	CANON
    DICIEMBRE 2014	3776	2-dic-14	1-ene-15	91	62	5.480.289,00	 	 	 	 
	DIVEO
    DATA CENTER - SIPNASIS DC S.A.S.	CANON
    ENERO 2015	3825	9-ene-15	2-feb-15	54	31	5.808.168,00	 	 	 	 

 

    	 

    	 

    

 

 

 

	DIVEO
    DATA CENTER - SIPNASIS DC S.A.S.	CANON
    FEBRERO 2015	3863	4-feb-15	6-mar-15	29	-3	5.743.072,00	 	 	 	 
	IMPUESTOS	 	 	 	 	 	 	246.428.183,00
	DIAN	SALDO
    IVA 6 BIM 212	12	12-ene-13	14-ene-13	771	769	2.296.000,00	 	 	 	 
	DIAN	SALDO
    IVA 4 BIM 212	4	7-dic-12	7-dic-12	806	806	7.460.000,00	 	 	 	 
	DIAN	IVA
    2 BIM 2013	2	14-may-13	14-may-13	649	649	27.425.000,00	 	 	 	 
	DIAN	IVA
    3 BIM 2013	3	11-jul-13	11-jul-13	592	592	15.880.000,00	 	 	 	 
	DIAN	IVA
    NOV- DIC 2013	6	1-ene-14	14-ene-14	422	409	59.589.183,00	 	 	 	 
	SHD	ICA
    NOV- DIC 2013	6	1-ene-14	14-ene-14	422	409	9.843.000,00	 	 	 	 
	DIAN	RETENCION
    ABRIL 2014	4	1-may-14	13-may-14	302	290	2.794.000,00	 	 	 	 
	DIAN	CREE
    ABRIL 2014	4	1-may-14	13-may-14	302	290	398.000,00	 	 	 	 
	DIAN
    SHD	INTERESES
    DIAN - SHD  a DICIEMBRE 31 DE 2014	 	 	 	 	 	63.000.000,00	 	 	 	 
	DIAN	RETENCION
    JULIO 2014	4	1-jul-14	10-jul-14	242	233	1.148.000,00	 	 	 	 
	DIAN	RETENCION
    AGOSTO 2014	 	1-ago-14	14-ago-14	212	199	10.901.000,00	 	 	 	 
	DIAN	RETENCION
    SEPTIEMBRE 2014	 	1-sep-14	10-sep-14	182	173	4.060.000,00	 	 	 	 
	DIAN	RETENCION
    OCTUBRE 2014	10	1-oct-14	10-nov-14	152	113	7.417.000,00	 	 	 	 
	SHD	RETEICA
    SEP-OCT 2014	 	1-oct-14	10-nov-14	152	113	214.000,00	 	 	 	 
	SHD	ICA
    SEP- OCT 2014	 	1-oct-14	10-nov-14	152	113	183.000,00	 	 	 	 
	DIAN	IVA
    NOV- DIC 2014	6	1-ene-15	15-ene-15	62	48	25.591.000,00	 	 	 	 
	SHD	ICA
    NOV- DIC 2014	6	1-ene-15	15-ene-15	62	48	5.319.000,00	 	 	 	 
	DIAN	RETENCIÓN
    ENE 2015	1	1-ene-15	15-ene-15	62	48	2.910.000,00	 	 	 	 
	SEGUROS	 	 	 	 	 	 	1.898.280,00
	COMERCIAL
    COLOMBIANA LTDA	POLIZA
    A TODO RIESGO- FINCA EL CHAPARRILLO ALVARO C	179497	19-feb-15	19-mar-15	14	-16	 	 	1.898.280,00	 	 
	GASTOS
    LEGALES	 	 	 	 	 	 	3.673.100,00
	CAMARA
    DE COMERCIO	REGISTRO
    ESCRITURA 2412 Y 2413 CAPITALIZACIONES	P	30-dic-14	15-ene-14	63	408	3.673.100,00	 	 	 	 
	SERVICIOS
    PUBLICOS	 	 	 	 	 	 	2.329.891,00
	MOVISTAR	CONSUMO
    FEBRERO	EC-729313280	16-may-15	20-feb-15	 	 	2.329.891,00	 	 	 	 
	OTROS
    SERVICIOS	 	 	 	 	 	 	5.789.435,00
	SERVIMANDADOS
    LTDA	MENSAJERIA
    OCTUBRE DE 2014	3764	4-nov-14	28-nov-14	119	95	1.137.756,00	 	 	 	 
	SERVIMANDADOS
    LTDA	MENSAJERIA
    NOVIEMBRE DE 2014	3794	1-dic-14	1-ene-15	92	62	1.076.112,00	 	 	 	 
	SERVIMANDADOS
    LTDA	MENSAJERIA
    DICIEMBRE DE 2015	3846	6-ene-15	6-feb-15	57	27	930.816,00	 	 	 	 
	SERVIMANDADOS
    LTDA	MENSAJERIA
    ENERO DE 2015	3886	4-feb-15	7-mar-15	29	-4	863.033,00	 	 	 	 

 

    	 

    	 

    

  

 

 

	ACH
    COLOMBIA SA	SERVICIO
    PSE MES DE ENE 2015	7569	9-feb-15	11-mar-15	24	-8	 	1.781.718,00	 	 	 
	INFRAESTRUCTURA	 	 	 	 	 	 	91.537.111,84
	LICENCIA
    NEXUS	Herramienta
    para el análisis de vulnerabilidades interno Req. 11 PCI DSS 	P	1-ago-13	13-ago-13	572	560	2.340.000,00	 	 	 	***
	MICROSOFT	RENOVACION
    ANUAL	 	1-may-14	10-may-14	302	293	5.548.466,00	 	 	 	 
	IQ
    INFORMATION QUALITY	PRUEBAS
    DE INTRUSION	CUOTA
    4	15-dic-14	20-mar-14	78	343	580.000,00	 	 	 	 
	IQ
    INFORMATION QUALITY	50%
    ANTICIPO CONTRATO PCI 	1525	12-nov-14	18-nov-14	111	105	15.502.097,00	 	 	 	 
	DATACENTER	ADECUACION
    CUMPLIMIENTO PCI – HARDWARE	P	1-ago-13	28-ago-13	572	545	 	 	 	37.018.214,84	***
	DATACENTER	ADECUACION
    CUMPLIMIENTO PCI - SOFTWARE	P	1-ago-13	28-ago-13	572	545	 	 	 	20.000.000,00	 
	MULTISOFT
    SAS	1
    HP COMPAQ 800 G1 -CORE - MONITOR	18566	16-dic-14	16-ene-15	77	47	3.004.274,00	 	 	 	 
	SPLUNK	SOPORTE
    ANUAL MAYO 29 DE 2014 A MAYO 28 DE 2015	 	16-abr-14	15-may-14	317	288	5.044.060,00	 	 	 	 
	CAMARA
    COLOMBIANA DE COMERCIO ELECTRONICO	RENOVACION
    AFILIACION ANUAL 	3586	17-dic-13	17-ene-14	436	406	2.500.000,00	 	 	 	 
	IMPORTACIONES	 	 	 	 	 	 	90.617.445,83
	CASTLES
    TECHNOLOGY CO	QPROX
    SYTECSA	130702	5-jul-13	15-ago-13	598	558	12.105.744	 	 	 	 
	CASTLES
    TECHNOLOGY CO	BATERIAS
    VEGA 5000	140108	8-ene-14	8-feb-14	415	385	2.017.624,00	 	 	 	 
	CASTLES
    TECHNOLOGY CO	TERMINALES
    VEGA 5000 ( DATAFONOS POS)	14062	20-jun-14	20-jul-14	253	223	1.362.861,20	 	 	 	 
	CASTLES
    TECHNOLOGY CO	BATERIAS
    COIN CR2450	 	10-nov-14	10-dic-14	113	83	165.192,97	 	 	 	 
	BLUESTAR  LATIN
    AMERICA	IMPRESORAS
    FARGO -BANCO POPULAR	130702	10-ene-14	25-feb-14	413	368	76.152.342,77	 	 	 	 
	VARIOS	 	 	 	 	 	 	26.025.345,99
	FALCK
    SERVICES	DEV.
    ANTICIPO POR DESARROLLO NO HECHO	N/A	31-dic-12	31-dic-12	783	783	3.655.294,00	 	 	 	 
	SOFIA
    CRISTINA CUESTAS	REINTEGRO
    LINEA EXIGIDA POR CLARO PARA TIENDA VIRTUAL	1027208459	6-dic-14	6-ene-15	87	57	48.444,00	 	 	 	 
	SUMICORP
    LTDA	UTENCILIOS
    PAPELERIA	30417	15-ene-15	15-feb-15	48	18	145.364,00	 	 	 	 
	ASOCIACION
    GRAFICA LTDA	HOJAS
    MEMBRETE MULTIPAY	15672	27-ene-15	27-feb-15	36	6	317.840,00	 	 	 	 
	ASOCIACION
    GRAFICA LTDA	REIMPRESION
    TE¿ARJETAS MARIA DEL PILAR B	15671	27-ene-15	27-feb-15	36	6	37.120,00	 	 	 	 
	SURTISUMICOMPUTO
    LTDA	DVD
    BLUE RAY 25GB	48212	13-feb-15	12-mar-15	20	-9	185.600,00	 	 	 	 
	DELL
    COLOMBIA INC 	SERVIDOR
    -PE RACK	874411	24-abr-14	24-may-14	309	279	9.630.754,84	 	 	 	
      El proveedor empieza a generar cobro de interes por mora mayor a 90 días    
	DELL
    COLOMBIA INC 	INTEL
    TARJETAS DE RED PARA AMPLIACION DE SERVIDORES	875558	2-may-14	1-jun-14	301	272	881.528,79	 	 	 
	DELL
    COLOMBIA INC 	MEMORIA
    RAM PARA SERVIDORES –DATACENTER	877338	21-may-14	20-jun-14	282	253	9.708.695,20	 	 	 
	DELL
    COLOMBIA INC 	PARTES
    PARA ACTUALIZACION DE SERVIDOR	878239	30-may-14	29-jun-14	273	244	1.414.705,16	 	 	 
	TOTAL
    GASTOS	 	 	620.774.072,82	17.700.147,00	1.898.280,00	65.401.939,84	815.031.470,66
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	TRM	3-mar-15	2.522,03	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	705.774.439,66
	 	RESUMEN
    DEUDAS VENCIDAS 	 	 	 	 	 	 	 	 	 
	 	OBLIGACIONES
    FINANCIERAS	109.257.031,00	 	 	 	 	 	 	 	 	 
	 	OBLIGACIONES
    CON PARTICULARES	0,00	 	 	 	 	 	 	 	 	 
	 	TOTAL
    OBLIGACIONES VENCIDAS	109.257.031,00	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	RESUMEN
    DEUDAS CON PROVEEDORES	 	 	 	 	 	 	 	 	 
	 	GASTOS
    DE PERSONAL	74.085.100,00	 	 	 	 	 	 	 	 	 
	 	HONORARIOS	103.026.016,00	 	 	 	 	 	 	 	 	 
	 	ARRENDAMIENTOS	60.364.531,00	 	 	 	 	 	 	 	 	 
	 	IMPUESTOS	246.428.183,00	 	 	 	 	 	 	 	 	 
	 	SEGUROS	1.898.280,00	 	 	 	 	 	 	 	 	 
	 	GASTOS
    LEGALES	3.673.100,00	 	 	 	 	 	 	 	 	 
	 	SERVICIOS
    PUBLICOS	2.329.891,00	 	 	 	 	 	 	 	 	 
	 	OTROS
    SERVICIOS	5.789.435,00	 	 	 	 	 	 	 	 	 
	 	INFRAESTRUCTURA	91.537.111,84	 	 	 	 	 	 	 	 	 
	 	IMPORTACIONES	90.617.445,83	 	 	 	 	 	 	 	 	 
	 	VARIOS	26.025.345,99	 	 	 	 	 	 	 	 	 
	 	PASIVOS
    POS INDEMNIZACIONES LABORALES	121.388.519	 	 	 	 	 	 	 	 	 
	 	TOTAL
    PROVEEDORES	827.162.959	 	 	 	 	 	 	 	 	 

 

 

    	 

    	 

    

 

Schedule 2.7(a)(vi)

Written Resignations of Directors and Legal
Representatives

 

    	 

    	 

    

 

Exhibit D

Payment of Cancelled Liabilities

 

	Payment
    of Cancelled Liabilities
	PROVEEDOR	  	CONCEPTO	 	No.
    DE

    OBLIGACION	 	FECHA

    INICIO	 	FECHA

    FINAL	 	CAPITAL

    INICIAL	 	INTERES

    PACTADO	 	K
    + i	 	FECHA

    DE

    PAGO	 	TASA

    (%)	 	SALDO
    A LA

    FECHA

    CAPITAL MAS

    INTERESES	 	INTERESES	 	SALDO
    A LA

    FECHA

    CAPITAL
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	PARTICULARES 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	LOGROS FACTORING S.A.	 	NEGOCIACION FACT,. 485 VISA Y UTR&T	 	369	 	2013-12-28	 	2013-03-28	 	$150.000.000,00	 	$6.633.754,00	 	$156.633.754,00	 	26	 	 	 	$150.000.000,00	 	$0,00	 	$150.000.000,00
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	INVERLUNA Y CIA S EN C A 	 	PRESTAMO PARA PAGO A PROVEEDORES Y NOMINA	 	N/A	 	2013-10-26	 	2013-12-26	 	$350.000.000,00	 	$10.561.250,01	 	$360.561.250,01	 	26	 	12,07	 	$350.000.000,00	 	$0,00	 	$350.000.000,00
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	TOTALES  OBLIGACIONES
    PARTICULARES	 	$874.699.019,00	 	$36.186.506,01	 	$910.885.525,01	 	 	 	 	 	$500.000.000,00	 	$0,00	 	$500.000.000,00
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	ACCIONISTAS	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	A2S S.A.S.	 	PRESTAMO	 	N/A	 	2014-06-30	 	2019-07-02	 	764.156.604,47	 	426.341.163,40	 	1.190.497.767,87	 	 	 	 	 	$764.156.604,47	 	0,00	 	764.156.604,47
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	TOTALES  OBLIGACIONES
    CON ACCIONISTAS	 	$764.156.604,47	 	$426.341.163,40	 	$1.190.497.767,87	 	 	 	 	 	$764.156.604,47	 	$0,00	 	$764.156.604,47
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	TOTALES  OBLIGACIONES
    FINANCIERAS  Y CON PARTICULARES	 	$2.384.273.179,28	 	$380.267.942,50	 	$2.690.555.658,16	 	 	 	 	 	$1.264.156.604,47	 	$0,00	 	$1.264.156.604,47

 

    	 

    	 

    

 

Schedule 7.1(c)

Payment of Cancelled Liabilities

 

    	 

    	 

    

 

	 

 

SELLERS
DISCLOSURE SCHEDULE

 

SHARE PURCHASE
AGREEMENT

 

by
and among

 

ID GLOBAL
SOLUTIONS CORPORATION

 

And

 

A2S S.A.S.

 

LUIS ALVARO
CUESTAS RINCON

 

ALVARO MAURICIO
CUESTAS ROJAS

 

SOFIA CRISTINA
CUESTAS ROJAS

 

SOFIA CRISTINA
ROJAS DE CUESTAS

 

Dated as
of March 6, 2015

 

	 

 

    	 

    	 

    

 

This
Sellers disclosure schedule (the “Sellers Disclosure Schedule”) has been prepared and delivered in connection
with the Share Purchase Agreement, dated as of March 6, 2015 (the “Agreement”), by and among ID Global Solutions
Corporation, a corporation organized under the laws of Delaware (“Buyer”) and A2A S.A.S., a simplified stock
corporation (sociedad por acciones simplificada) (“A2S”), Luis Alvaro Cuestas Rincon (“Luis”),
Alvaro Mauricio Cuestas Rojas (“Alvaro”), Sofia Cristina Cuestas Rojas (“Sofia Cristina Cuestas”),
Sofia Cristina Rojas De Cuestas (“Sofia Cristina Rojas” and together with A2S, Luis, Alvaro, Sofia Cristina
Cuestas, Sofia Cristina Rojas, “Sellers”, and individually, a “Seller”). Capitalized terms
used herein and not otherwise defined shall have the meanings set forth in the Agreement.

 

Sellers
Disclosure Schedule is qualified in its entirety by reference to specific provisions of the Agreement, and is not intended to constitute,
and shall not be construed as constituting, or expanding the scope of, any representation, warranty, covenant or agreement of the
Sellers. Titles and headings used herein, other than references to the Sections of the Agreement to which disclosed matters relate,
shall not in any manner affect the construction of this Sellers Disclosure Schedule.

 

    	 

    	 

    

 

Schedule
4.5(a) – Financial Statements

 

[to be
filed by amendment]

 

    	 

    	 

    

 

Schedule
4.6 (Permitted Liabilities)

 

	Lender	 	Description	 	Obligation

    Number	 	 	Date	 	Expiration

    Date	 	Principal

    Amount (COP$)	 	 	Interests	 	 	Principal +

    Interests (COPS)	 	 	Date of

    Payment	 	 	Interest rate	 	Balance as of March

    4, 2015 (Principal +
 Interests)
 (COPS)	 	 	Balance as of

    March 4, 2015

    (Interests)
 (COPS)	 	 	Balance as of

    March 4, 2015

    (Principal)
 (COPS)	 
	BANCO DE
 BOGOTA	 	Mortgage-secured loan.
 Collateral:
    Mr.
 Alvaro

    Cuestas'
 country house
 in Villa de Leyva	 	 	0025501567	 	 	16/09/2014	 	16/09/2014	 	$	460.000.000,00	 	 	$	0,00	 	 	$	460.000.000,00	 	 	 	16	 	 	15.47% EA 
 / DTF +11	 	$	587.498.585,20	 	 	$	127.498.585,20	 	 	$	460.000.000,00	 
	BANCOLOMBIA	 	Bancolombia loan obligations restructuring 2011
    and  2012	 	 	6990082086	 	 	30/12/2012-	 	30/12/2015	 	$	640.176.076,00	 	 	$	0,00	 	 	$	640.176.076,00	 	 	 	5	 	 	15,11% NA - 1,26% M.V.	 	$	266.511.466,00	 	 	$	53.119.438,00	 	 	$	213.392.028,00	 
	Total	 	 	$	1.100.176.076,00	 	 	$	0,00	 	 	$	1.100.176.076,00	 	 	 	 	 	 	 	 	$	854.010.051,20	 	 	$	180.618.023,20	 	 	$	673.392.028,00	 

 

    	 

    	 

    

 

Schedule
4.7(a) Tax Returns

 

None.

 

    	 

    	 

    

 

Schedule
4.7(b) Tax Returns which remain open

 

    	 

    	 

    

 

Schedule
4.7(c) (Tax Withholdings)

 

	Creditor	 	Description	 	Invoice
 No.	 	 	Issuance
 Date	 	Payment
 Date	 	Number
 of days in
 default	 	 	Tax Amount
 (COP$)	 
	TAXES	 	 	 	 	 	 	 	 	 
	DIAN	 	RETENCION ABRIL 2014	 	 	4	 	 	1-may-14	 	13-may-14	 	 	290	 	 	 	2.794.000,00	 
	DIAN	 	RETENCION JULIO 2014	 	 	4	 	 	1-jul-14	 	10-jul-14	 	 	233	 	 	 	1.148.000,00	 
	DIAN	 	RETENCION AGOSTO 2014	 	 	8	 	 	1-ago-14	 	14-ago-14	 	 	199	 	 	 	10.901.000,00	 
	DIAN	 	RETENCION SEPTIEMBRE 2014	 	 	9	 	 	1-sep-14	 	10-sep-14	 	 	173	 	 	 	4.060.000,00	 
	DIAN	 	RETENCION OCTUBRE 2014	 	 	10	 	 	1-oct-14	 	10-nov-14	 	 	113	 	 	 	7.417.000,00	 
	SHD	 	RETEICA SEP-OCT 2014	 	 	5	 	 	1-oct-14	 	10-nov-14	 	 	113	 	 	 	214.000,00	 
	DIAN	 	RETENCIÓN ENE 2015	 	 	1	 	 	1-ene-15	 	15-ene-15	 	 	48	 	 	 	2.910.000,00	 
	TAXES PAYABLE	 	 	 	 	29.444.000,00	 

 

    	 

    	 

    

 

Schedule
4.7(h) (Payment of Taxes)

 

	Creditor	 	Description	 	Invoice No.	 	 	Issuance Date	 	Payment Date	 	Number of

    days in default	 	 	Tax Amount

    (COP$)	 
	TAXES	 	 	 	 	 	 	 	 	 
	DIAN	 	SALDO IVA 6 BIM 212	 	 	12	 	 	12-ene-13	 	14-ene-13	 	 	769	 	 	 	2.296.000,00	 
	DIAN	 	SALDO IVA 4 BIM 212	 	 	4	 	 	7-dic-12	 	7-dic-12	 	 	806	 	 	 	7.460.000,00	 
	DIAN	 	IVA 2 BIM 2013	 	 	2	 	 	14-may-13	 	14-may-13	 	 	649	 	 	 	27.425.000,00	 
	DIAN	 	IVA 3 BIM 2013	 	 	3	 	 	11-jul-13	 	11-jul-13	 	 	592	 	 	 	15.880.000,00	 
	DIAN	 	IVA NOV- DIC 2013	 	 	6	 	 	1-ene-14	 	14-ene-14	 	 	409	 	 	 	59.589.183,00	 
	SHD	 	ICA NOV- DIC 2013	 	 	6	 	 	1-ene-14	 	14-ene-14	 	 	409	 	 	 	9.843.000,00	 
	DIAN	 	CREE ABRIL 2014	 	 	4	 	 	1-may-14	 	13-may-14	 	 	290	 	 	 	398.000,00	 
	SHD	 	ICA SEP- OCT 2014	 	 	6	 	 	1-oct-14	 	10-nov-14	 	 	113	 	 	 	183.000,00	 
	DIAN	 	IVA NOV- DIC 2014	 	 	6	 	 	1-ene-15	 	15-ene-15	 	 	48	 	 	 	25.591.000,00	 
	SHD	 	ICA NOV- DIC 2014	 	 	6	 	 	1-ene-15	 	15-ene-15	 	 	48	 	 	 	5.319.000,00	 
	DIAN SHD	 	INTERESES DIAN - SHD  a DICIEMBRE 31 DE 2014	 	 	 	 	 	 	 	 	 	 	 	 	 	 	63.000.000,00	 
	TAXES PAYABLE	 	 	 	216.984.183,00	 

 

    	 

    	 

    

 

Schedule
4.9 (Company Leases)

 

	No	 	Lessee	 	Lessor	 	City	 	Address	 	Starting date	 	Monthly rent

    as of the

    staring date

    (COP$)	 	Termination

    Date	 	Renewal

    Conditions	 	Use of facilities
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	1	 	Multipay S.A.	 	Administración Inmobiliria Gómez Ltda	 	BOGOTA D.C	 	Av 15 No. 100- 69 .Office 607 	 	01/04/2010	 	2.600.000 + administration fee	 	30/03/2011	 	Automatic Renewal, subject to the agreement on the increases of
    the monthly rent 	 	Corporate Office in Bogotá
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	2	 	Multipay S.A.	 	Administración Inmobiliria Gómez Ltda	 	BOGOTA D.C	 	Av 15 No. 100- 69 .Office 608 	 	01/08/2013	 	3.410.519 + administration fee	 	31/03/2014	 	Automatic Renewal, subject to the agreement on the increases of
    the monthly rent 	 	Corporate Office in Bogotá
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	3*	 	Multipay S.A.	 	Diveo Data Center Ltda (Diveo) 	 	BOGOTA D.C	 	 Diveo data center	 	26/02/2010	 	Subject to the terms and conditions of the  services
    orders 	 	Subject to the term and conditions of the services orders	 	Automatic Renewal, subject to the term and conditions of the services
    orders	 	Equipment storage agreement 

 

    	 

    	 

    

 

Schedule
4.10 (a) (Material Contracts)

 

	No	 	Document Name	 	Description	 	Estimated value

(COP$ unless

otherwise

provided)	 	Execution

date	 	Term
	1	 	Service

agreement No.

150 between

Servicios Postales

Nacionales S.A.

and Multipay

S.A.	 	Service agreement pursuant to which Multipay leases a technological platform to support the operation of financial services.	 	$589.647.430	 	September 1, 2014	 	Fifteen (15) months
	2	 	Support, maintenance and development agreement of virtual platform between Findeter and Multipay S.A. (No. 999-02-214-2013)	 	Service agreement pursuant to which Multipay renders support, maintenance and development services to Findeter’s mobile software.	 	No information available	 	January 24, 2014	 	No information available
	3	 	Servicing agreement between Multipay S.A. and Financiera América S.A.	 	Service agreement by and between Multipay S.A. and Financiera América S.A. pursuant to which Multipay S.A. renders services regarding de implementation and operation of Mobile Banking services.	 	$15.000.000 + $2.850.000 monthly fee	 	October 16, 2012	 	Thirty six (36) months (Renewable)
	4	 	Servicing agreement between Multipay S.A. and Financiera América S.A.	 	Service agreement by and between Multipay S.A. and Financiera América S.A. pursuant to which Multipay S.A. renders services regarding de implementation of Mobile Banking services.	 	$2.800.000	 	April 4, 2012	 	Twelve (12) months (Renewable)
	5	 	Purchase of software license agreement between Multipay S.A. and A2S S.A.S.	 	Purchase of software licenses of Tranxa Software Transactional Monitor – Switch Psp and Mobile Banking and Mobile Sale softwares.	 	$553.000.000	 	December 26, 2013	 	N/A
	6	 	Purchase of software license agreement between Multipay S.A. and Credibanco	 	Purchase of software licenses of 3 Tranxa Software Transactional Monitor – Switch Psp.	 	USD$153.489,60	 	June 15, 2012	 	N/A
	7	 	Purchase of software license agreement between Multipay S.A. and Carvajal Tecnología y Servicios S.A.S.	 	Purchase of software licenses of CB Móviles.	 	USD$249.216	 	March 7, 2013	 	N/A
	8	 	Purchase of software license agreement between Multipay S.A. and Dineromovil S.A.S.	 	Purchase of software licenses for Mobile Payments.	 	$230.000.000	 	May 16, 2014	 	N/A

 

    	 

    	 

    

 

Schedule
4.11 (a) (Intellectual Property)

 

	 	 	SOFTWARE	 	FILING DATE	 	REGISTRATION

DATE	 	COMPANY 
	1	 	CORE PARA TERMINALES VEGA 9000 V .1	 	14-dic-10	 	11-ene-11	 	MULTIPOS S.A.
	2	 	CORE PARA TERMINALES VEGA 7000 V .1	 	14-dic-10	 	11-ene-11	 	MULTIPOS S.A.
	3	 	APLICACIÓN PARA RECARGA DE PRODUCTOS PREPAGO EN TERMINALIPA 280 CON TARJETAS CONTACTLESS V.1	 	10-dic-10	 	11-ene-11	 	MULTIPOS S.A.
	4	 	PVL PROVEEDURIA VIRTUAL LOGISTICA V.1	 	10-dic-10	 	11-ene-11	 	MULTIPOS S.A.
	5	 	APLICACIÓN PARA VENTA DE PINES EN TERMINALES CASTLES VEGA 7000	 	10-dic-10	 	11-ene-11	 	MULTIPOS S.A.
	6	 	APLICACIÓN PARA LOTERIAS JUEGOS Y VENTAS	 	10-dic-10	 	11-ene-11	 	MULTIPOS S.A.
	7	 	APLICACIÓN PARA CONTROL DE ACCESO (TERMINAL Y WEB) CON TARJETAS MIFARE V.1	 	10-dic-10	 	11-ene-11	 	MULTIPOS S.A.
	8	 	APLICACIÓN PARA LA GESTION DE INFRACCIONES DE TRANSITO ENLA TERMINAL IPA 280 V.1	 	10-dic-10	 	11-ene-11	 	MULTIPOS S.A.
	9	 	SOLUCION PSP KIOSKO V.1	 	13-dic-10	 	11-ene-11	 	MULTIPOS S.A.
	10	 	SOFTWARE PARA BANCARIZACION V.1	 	13-dic-10	 	11-ene-11	 	MULTIPOS S.A.
	11	 	SOFTWARE PARA INSERCION DE LLAVES PARA TERMINALES CASTLE V.1	 	13-dic-10	 	11-ene-11	 	MULTIPOS S.A.
	12	 	PASARELA DE PAGOS VIRTUALES V 2.0	 	26-jul-10	 	10-ago-10	 	MULTIPAY S.A.
	13	 	PREPAGO VIRTUAL	 	24-ene-11	 	03-feb-11	 	MULTIPAY S.A.
	14	 	PSP RECAUDO VIRTUAL VERSION 1.0.0	 	24-ene-11	 	03-feb-11	 	MULTIPAY S.A.
	15	 	PAGOS MOVILES	 	10-dic-10	 	11-ene-11	 	MULTIPAY S.A.
	16	 	TRX MONITOR POS MONITOR	 	10-dic-10	 	11-ene-11	 	MULTIPAY S.A.
	17	 	SWITCH TRANSACCIONAL	 	10-dic-10	 	11-ene-11	 	MULTIPAY S.A.
	18	 	ALERTAS	 	10-dic-10	 	11-ene-11	 	MULTIPAY S.A.
	19	 	PAGO EVENTOS	 	10-dic-10	 	11-ene-11	 	MULTIPAY S.A.
	20	 	SOLUCIONES FINANCIERAS MOVILESW MULTIPAY BANCA MOVIL Y CORRESPONSAL BANCARIO MOVIL	 	21-feb-13	 	01-abr-13	 	MULTIPAY S.A.
	21	 	GIROS VERSION 1.0.0	 	27-dic-13	 	12-feb-14	 	MULTIPAY S.A.
	22	 	TRX MONITOR POS MONITOR VERSION 2.0.0	 	27-dic-13	 	12-feb-14	 	MULTIPAY S.A.
	23	 	PASARELA DE PAGOS VIRTUALES V 3.0	 	27-dic-13	 	12-feb-14	 	MULTIPAY S.A.
	24	 	PSP RECAUDO VIRTUAL VERSION 3.0.0	 	27-dic-13	 	12-feb-14	 	MULTIPAY S.A.
	25	 	CORE PARA TERMINALES VEGA 5000	 	27-dic-13	 	12-feb-14	 	MULTIPAY S.A.
	26	 	APLICACIÓN VENTA MOVIL VERSION 1.0.0	 	27-dic-13	 	12-feb-14	 	MULTIPAY S.A.
	27	 	APLICACIÓN VENTA DE TIQUETES POR POS VERSION 1.0.0	 	27-dic-13	 	12-feb-14	 	MULTIPAY S.A.
	28	 	SOLUCIONES FINANCIERAS CORRESPONSAL BANCARIO MULTIBANCA	 	27-dic-13	 	12-feb-14	 	MULTIPAY S.A.

 

    	 

    	 

    

 

Schedule
4.12 (Actions)

 

None

 

    	 

    	 

    

 

Schedule
4.13(Costumers)

 

[omitted
as confidential]

 

    	 

    	 

    

 

Schedule
4.15 (Compliance with Laws)

 

None

 

    	 

    	 

    

 

Schedule
4.16 (Absence of Certain Developments)

 

None

 

    	 

    	 

    

 

Schedule
4.18 (a) (Labor Matters)

 

[omitted
as confidential]

 

Schedule
4.18 (e) (Compliance with Labor Matters)

 

None

 

    	 

    	 

    

 

Schedule
4.19 (Insurance)

 

	No.	 	Number	 	Insurance

    name	 	Coverage
    // Object	 	Covered
    Risk	 	Broker
    and Insurer

    data	 	Insured
    party	 	Beneficiary	 	Total

    Coverage

    (COP$)	 	Issuance

    Date	 	Expiration

    Date	 	Premium
    

    (VAT 

included)

    (COP$)
	1	 	  21461	 	SOLUCIONES PYME RSA	 	Bogotá:   Av. 15
    No. 100-69	 	Fire Risk Transportation Electronic Equipment
    Theft with violence,

    

    Global and commercial management

    

    Liability	 	Broker: Comercial Colombiana Ltda.

    

    Insurer: Royal Sun Alliance	 	Multipay S.A	 	Multipay S.A    	 	$651.000.001	 	06/02/2015	 	06/02/2016	 	$2.314.314

 

    	 

    	 

    

 

Exhibit A

Closing Certificate of the Sellers

 

    	 

    	 

    

 

CLOSING CERTIFICATE OF THE SELLERS

 

Closing Date:_______________

 

Reference is hereby made to that certain Share
Purchase Agreement (the “Agreement”), dated as of the date hereof, entered by and among A2S S.A.S., Luis Álvaro
Cuestas Rincón, Álvaro Mauricio Cuestas Rojas, Sofia Cristina Cuestas Rojas, Sofia Cristina Rojas de Cuestas (altogether,
the “Sellers”) and ID Global Solutions Corporation (the “Buyer”). Capitalized terms used
but no defined herein shall have the meaning set forth in the Agreement.

 

The undersigned certify that they are authorized to execute and
deliver this certificate pursuant to Section 7.01(d) of the Agreement, and further certify that (i) the representations and warranties
set forth in Article III and Article IV of the Agreement shall be true and correct in all material respects as of
the date hereof and as of the Closing Date as though made on and as of the Closing Date (except to the extent expressly made as
of a specified date, in which case as of such specified date), (ii) each Seller shall have performed and complied in all material
respects with all of the undertakings and obligations required by the Agreement to be performed or complied with by such Seller
prior to or on the Closing Date, and (iii) the Sellers shall have caused the Company to transfer out or pay the Cancelled Liabilities.

 

[Signature Page Follows]

 

    	 

    	 

    

 

IN WITNESS WHEREOF, this Closing Certificate
of the Sellers has been duly executed and delivered by the Sellers, as of the date first above written.

 

SELLERS

 

	 	 
	A2S S.A.S.	 
	By: [●]	 
	Title: Legal Representative	 

 

	 	 
	Luis Álvaro Cuestas Rincón	 

 

	 	 
	Álvaro Mauricio Cuestas Rojas	 

 

	 	 
	Sofia Cristina Cuestas Rojas	 

 

	 	 
	Sofia Cristina Rojas de Cuestas	 

 

    	 

    	 

    

 

Exhibit B

Closing Certificate of the Buyers

 

    	 

    	 

    

 

CLOSING CERTIFICATE OF THE BUYER

 

March 5, 2015

 

Reference is hereby made to that certain Share
Purchase Agreement (the “Agreement”), dated as of the date hereof, entered by and among A2S S.A.S., Luis Álvaro
Cuestas Rincón, Álvaro Mauricio Cuestas Rojas, Sofia Cristina Cuestas Rojas, Sofia Cristina Rojas de Cuestas (altogether,
the “Sellers”) and ID Global Solutions Corporation (the “Buyer”). Capitalized terms used
but no defined herein shall have the meaning set forth in the Agreement.

 

The undersigned certifies that he is a duly appointed Legal Representative
of the Buyer, and that, as such, is authorized to execute and deliver this certificate pursuant to Section 7.02(c) of the Agreement
in the name and on behalf of the Buyer, and further certifies that (i) the representations and warranties of Buyer set forth in
Article V of the Agreement shall be true and correct in all material respects as of the date hereof and as of the Closing
Date as though made on and as of the Closing Date (except to the extent expressly made as of a specified date, in which case as
of such specified date), and (ii) the Buyer shall have performed and complied in all material respects with all of the undertakings
and agreements required by the Agreement to be performed or complied with by Buyer prior to or on the Closing Date.

 

[Signature Page Follows]

 

    	 

    	 

    

 

IN WITNESS WHEREOF, this Closing Certificate
of the Buyer has been duly executed and delivered by the Buyer’s Legal Representative, duly authorized by the Buyer, as of
the date first above written.

 

	BUYER	 
	 	 
	 	 
	ID GLOBAL SOLUTIONS CORPORATION	 
	By: [●]	 
	Title: Legal Representative	 

 

    	 

    	 

    

 

Exhibit C

Bylaws

 

    	 

    	 

    

 

Acta No. 9

Asamblea Extraordinaria de Accionistas

A2S S.A.S.

NIT. 900.517.811-1

 

En Bogotá, D.C. a los dos (02) días del mes de marzo
del año Dos mil quince (2015) siendo las 7:00 a.m. se reunieron en las instalaciones de A2S S.A.S., en la avenida carrera
15 No. 100-69 oficina 607, sin mediar previa convocatoria por hallarse representada la totalidad de las cuotas sociales, de acuerdo
con lo establecido en el artículo 182 del Código de Comercio.

 

	Accionista	 	Representado
 Por	 	Acciones	 	 	Participación %	 
	LUIS ALVARO CUESTAS RINCON	 	El mismo	 	 	137,475,000	 	 	 	62	%
	SOFIA CRISTINA CUESTAS ROJAS	 	El mismo	 	 	41,975,000	 	 	 	19	%
	ALVARO MAURICIO CUESTAS ROJAS	 	El mismo	 	 	41,975,000	 	 	 	19	%
	Suma	 	 	 	 	221,425,000	 	 	 	100	%

 

A continuación la asamblea aprobó el siguiente orden
del día:

 

Orden del día:

 

Verificación del quórum.

Elección de Presidente y Secretario de la reunión.

Aprobación Proyecto Venta de Acciones.

Lectura y aprobación del Acta de la reunión.

 

1. Verificación de quórum.

 

El Presidente, informó que se encontraban representadas en
esta reunión 221.425.000 acciones de un total de 221.425.000 que integran el capital suscrito y pagado de la compañía,
y que, en consecuencia los presentes podían constituirse en asamblea con capacidad para deliberar y tomar decisiones. Del
total de acciones representadas en la asamblea, las 221.425.000 correspondieron a accionistas presentes en la asamblea.

 

    	 

    	 

    

 

2. Elección de Presidente y secretario de la asamblea.

 

Por unanimidad fueron elegidos el señor Luis Alvaro Cuestas,
como presidente y al señor Alvaro Mauricio Cuestas Rojas como secretario.

 

3. Aprobación Proyecto de Venta de Acciones.

El presidente de la reunión, solicita a autorización
a la asamblea General de Accionistas para vender el ciento por ciento de las acciones que la sociedad posee en la compañía
Multipay S.A., las cuales equivalen a ciento treinta y tres mil cien (133.100) acciones de valor unitario de veinte mil ($20.000)
pesos moneda legal cada una, representativas del 80.29% del capital social de la sociedad, a la empresa ID GLOBAL SOLUTIONS CORPORATION,
de Estados Unidos conforme a los términos establecidos en el borrador de contrato de compraventa que se anexa.

 

Acto seguido, el Presidente dio lectura al
proyecto de venta de acciones, para lo cual fue presentada la siguiente proposición:

 

La Asamblea de Accionistas de A2S S.A.S., en ejercicio de sus funciones
legales y estatutarias, acuerda vender las ciento treinta y tres mil cien (133.100) acciones de valor unitario veinte mil ($20.000)
pesos moneda legal cada una que la sociedad posee en la sociedad Multipay S.A. a la empresa ID GLOBAL SOLUTIONS CORPORATION, de
Estados Unidos conforme a los términos establecidos en el borrador de contrato de compraventa que se presentó.

 

Propuesta que fue aprobada por el 100% de los asistentes que representan
el 100% de las acciones.

 

4. Lectura y aprobación del acta de la reunión.

 

El Secretario dio lectura a la presente acta, la cual fue aprobada
por los presentes.

 

Habiéndose agotado el orden del día y no habiendo
otro asunto que tratar, el Presidente de la asamblea levantó la sesión siendo la 8:00 a.m.

 

	Luis Alvaro Cuestas, presidente. 	 	Firma: 	 

 

	Alvaro Mauricio Cuestas, secretario. 	 	Firma:	 

 

    	 

    	 

    

 

Exhibit D

Payment of Cancelled Liabilities

 

	Payment of Cancelled Liabilities
	PROVEEDOR	 	CONCEPTO	 	No. DE

    OBLIGACION	 	 	FECHA

    INICIO	 	 	FECHA

    FINAL	 	 	CAPITAL

    INICIAL	 	 	INTERES

    PACTADO	 	 	K + i	 	 	FECHA

    DE
 PAGO	 	 	TASA

    (%)	 	 	SALDO A LA

    FECHA
 CAPITAL MAS
 INTERESES	 	 	INTERESES	 	 	SALDO A LA

    FECHA
 CAPITAL	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	PARTICULARES	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	LOGROS FACTORING S.A.	 	NEGOCIACION FACT,. 485 VISA Y UTR&T	 	 	369	 	 	 	2013-12-28	 	 	 	2013-03-28	 	 	$	150.000.000,00	 	 	$	6.633.754,00	 	 	$	156.633.754,00	 	 	 	26	 	 	 	 	 	 	$	150.000.000,00	 	 	$	0,00	 	 	$	150.000.000,00	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	INVERLUNA Y CIA S EN C A	 	PRESTAMO PARA PAGO A PROVEEDORES Y NOMINA	 	 	N/A	 	 	 	2013-10-26	 	 	 	2013-12-26	 	 	$	350.000.000,00	 	 	$	10.561.250,01	 	 	$	360.561.250,01	 	 	 	26	 	 	 	12,07	 	 	$	350.000.000,00	 	 	$	0,00	 	 	$	350.000.000,00	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	TOTALES  OBLIGACIONES
    PARTICULARES	 	 	$	874.699.019,00	 	 	$	36.186.506,01	 	 	$	910.885.525,01	 	 	 	 	 	 	 	 	 	 	$	500.000.000,00	 	 	$	0,00	 	 	$	500.000.000,00	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	ACCIONISTAS	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	A2S S.A.S.	 	PRESTAMO	 	 	N/A	 	 	 	2014-06-30	 	 	 	2019-07-02	 	 	 	764.156.604,47	 	 	 	426.341.163,40	 	 	 	1.190.497.767,87	 	 	 	 	 	 	 	 	 	 	$	764.156.604,47	 	 	 	0,00	 	 	 	764.156.604,47	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	TOTALES OBLIGACIONES
    CON ACCIONISTAS	 	 	$	764.156.604,47	 	 	$	426.341.163,40	 	 	$	1.190.497.767,87	 	 	 	 	 	 	 	 	 	 	$	764.156.604,47	 	 	$	0,00	 	 	$	764.156.604,47	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	TOTALES  OBLIGACIONES FINANCIERAS  Y
    CON PARTICULARES	 	 	$	2.384.273.179,28	 	 	$	380.267.942,50	 	 	$	2.690.555.658,16	 	 	 	 	 	 	 	 	 	 	$	1.264.156.604,47	 	 	$	0,00	 	 	$	1.264.156.604,47

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