Document:

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                                                                    Exhibit 10.3

                             2005 DIRECTOR DEFERRED
                               COMPENSATION PLAN

                             BAYONNE COMMUNITY BANK
                              BAYONNE, NEW JERSEY

                                OCTOBER 1, 2005
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                             2005 DIRECTOR DEFERRED
                               COMPENSATION PLAN

      This 2005 Director Deferred Compensation Plan (the "Plan"), effective as
of the 1st day of October, 2005, formalizes the understanding by and between
BAYONNE COMMUNITY BANK (the "Bank"), a commercial bank with its principal
business address in the State of New Jersey, and certain eligible Directors,
hereinafter referred to as "Director," who shall be approved by the Bank to
participate and who shall elect to become a party to this Director Deferred
Compensation Plan by execution of a Director Deferred Compensation Joinder
Agreement ("Joinder Agreement") in a form provided by the Bank. BCB BANCORP,
INC. (the "Company") is a party to this Plan for the sole purpose of
guaranteeing the Bank's performance hereunder.

                              W I T N E S S E T H:

      WHEREAS, the Directors serve the Bank as members of the Board; and

      WHEREAS, the Bank recognizes the valuable services heretofore performed
for it by such Directors and wishes to encourage continued service of each; and

      WHEREAS, the Bank values the efforts, abilities and accomplishments of
such Directors and recognizes that the Directors' services substantially
contribute to its continued growth and profits in the future; and

      WHEREAS, the Directors wish to defer a portion of their fees to be earned
in the future; and

      WHEREAS, the Bank desires to adopt this Plan in order to set forth the
terms and conditions upon which the Bank shall pay such deferred compensation to
the Directors or their designated beneficiaries; and

      WHEREAS, the Bank intends this Plan to be considered an unfunded
arrangement, maintained primarily to provide retirement income for such
Directors, for tax purposes and, to the extent that any Director participating
herein is also an employee of the Bank or the Company, for purposes of the
Employee Retirement Income Security Act of 1974, as amended; and

      WHEREAS, this Plan is intended to comply with Internal Revenue Code
Section 409A and any regulatory or other guidance issued under such Section. At
the effective date of the Plan additional guidance was being promulgated by the
Department of Treasury. Any terms of this Plan that conflict with such future
guidance shall be null and void as of the effective date of the Plan. After such
guidance is issued, the intent is to amend the Plan, if necessary, to delete any
conflicting provisions and to add such other provisions as are required to fully
comply with Section 409A and any other legislative or regulatory requirement
applicable to the Plan; and

      WHEREAS, the Bank has adopted this Director Deferred Compensation Plan
which controls all issues relating to the Deferred Compensation Benefits as
described herein;

      NOW, THEREFORE, in consideration of the mutual promises herein contained,
the parties hereto agree to the following terms and conditions:

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                                   SECTION I
                                  DEFINITIONS

      When used herein, the following words and phrases shall have the meanings
below unless the context clearly indicates otherwise:

1.1   "Administrator" means the Bank and/or its Board.

1.2   "Bank" means Bayonne Community Bank and any successor thereto or the
Board.

1.3   "Beneficiary" means the person or persons (and their heirs) designated as
Beneficiary in the Director's Joinder Agreement to whom the deceased Director's
benefits are payable. If no Beneficiary is so designated, then the Director's
Spouse, if living, will be deemed the Beneficiary. If the Director's Spouse is
not living, then the Children of the Director will be deemed the Beneficiaries
and will take on a per stirpes basis. If there are no Children, then the Estate
of the Director will be deemed the Beneficiary.

1.4   "Benefit Age" shall be the birthday on which the Director becomes eligible
to receive benefits under the Plan. Such birthday shall be designated in the
Director's Joinder Agreement.

1.5   "Benefit Eligibility Date" shall be the date on which a Director is
entitled to receive his Deferred Compensation Benefit. It shall be the first day
of the month following the month in which the Director either attains the
Benefit Age designated in his Joinder Agreement or terminates service with the
Bank other than due to death or disability. For Directors who are also Specified
Employees, as that term is defined under Section 1.23, the "Benefit Eligibility
Date" shall be the first date of the seventh (7th) month following the month in
which the Director either attains the Benefit Age designated in his Joinder
Agreement or terminates service with the Bank other than due to death or
disability.

1.6   "Board" shall mean the Board of Directors of the Bank unless specifically
noted otherwise.

1.7   A "Change in Control" shall mean a change in the ownership or effective
control of the Company, or in the ownership of a substantial portion of the
assets of the Company, as defined in Treasury Regulations.

1.8   "Children" means the Director's children, both natural and adopted,
determined at the time payments are due the Children under this Plan.

1.9   "Code" means the Internal Revenue Code of 1986, as amended.

1.10  "Deferral Period" means the period of months over which the Director
chooses to defer current Board fees and/or retainer. The Deferral Period shall
commence on the date designated in the Director's Joinder Agreement.

1.11  "Deferred Compensation Benefit" means the benefit payable from the
Director's Elective Contribution Account, commencing on his Benefit Eligibility
Date and payable over the Payout Period.

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1.12  "Disability Benefit" means the benefit payable to the Director following a
determination, in accordance with Subsection 5.2.

1.13  "Effective Date" of this Plan is October 1, 2005.

1.14  "Elective Contribution" shall refer to any bookkeeping entry required to
record a Director's pre-tax deferral of Board fees and/or retainer which shall
be made in accordance with the Director's Joinder Agreement.

1.15  "Elective Contribution Account" shall be represented by the bookkeeping
entries required to record a Director's Elective Contributions plus accrued
interest earned on such amounts. Interest shall accrue on the deferred amounts
from the time of the deferral through the time the amounts are paid out. The
amount of such interest shall be determined based on the Interest Factor defined
below.

1.16  "ERISA" shall mean the Employee Retirement Income Security Act of 1974, as
amended.

1.17  "Estate" means the estate of the Director.

1.18  "Financial Hardship" means an unforeseeable emergency resulting from an
illness or accident of the Director, the spouse of the Director or of a
dependent of the Director (as defined in Internal Revenue Code Section 152(a)),
loss of the Director's property due to casualty, or other similar extraordinary
and unforeseeable circumstances which arise as a result of an events beyond the
control of the Director. The circumstances that shall constitute an
unforeseeable emergency will depend upon the facts of each case. Examples of
what are not considered to be unforeseeable emergencies include the need to send
the Director's child to college or the decision to purchase a home.

1.19  "Financial Hardship Benefit" means a withdrawal or withdrawals of an
amount or amounts attributable to a Financial Hardship and limited to the amount
or amounts necessary to satisfy such emergency plus amounts necessary to pay
taxes reasonably anticipated as a result of the distribution, after taking into
account the extent to which such hardship is or may be relieved through
reimbursement or compensation by insurance or otherwise or by liquidation of the
participant's assets (to the extent the liquidation of such assets would not
itself cause severe financial hardship).

1.20  "Interest Factor" means annual compounding or discounting, as applicable,
at a rate equal to the rate payable on the Bank's highest paying time deposit as
determined on the first day of each calendar month or as may be adjusted by the
Board of Directors from time to time.

1.21  "Payout Period" means the period over which certain benefits payable
hereunder shall be distributed, as elected by the Director in his Joinder
Agreement, provided, however, that such period shall not exceed ten (10) years.

1.22  "Plan Year" shall mean the calendar year.

1.23  "Specified Employee" shall mean a Director who also meets the definition
of key employee as defined under Internal Revenue Code Section 416(1) because
he: (i) is a key officer of the Bank

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earning at least $150,000 per year; (ii) is a 5% owner of the Bank; or (iii) is
a 1% owner of the Bank and has compensation of at least $130,000 per year.

1.24  "Spouse" means the individual to whom the Director is legally married at
the time of the Director's death, provided, however, that the term "Spouse"
shall not refer to an individual to whom the Director is legally married at the
time of death if the Director and such individual have entered into a formal
separation agreement (provided that such separation agreement does not provide
otherwise or state that such individual is entitled to a portion of the benefit
hereunder) or initiated divorce proceedings.

1.25  "Treasury Regulations" means the regulations issued by the Treasury
Department and/or other guidance issued by the Treasury Department or Internal
Revenue Service under Code Section 409A.

1.26  "Valuation Date" means the last day of each calendar month.

                                   SECTION II
                          ESTABLISHMENT OF RABBI TRUST

      The Bank may establish a rabbi trust into which the Bank may contribute
assets which shall be held therein, pursuant to the agreement which establishes
such rabbi trust. The contributed assets shall be subject to the claims of the
Bank's creditors in the event of the Bank's "Insolvency" as defined in the
agreement which establishes such rabbi trust, until the contributed assets are
paid to the Director and his Beneficiary(ies) in such manner and at such times
as specified in this Plan. It is the intention of the Bank to make a
contribution or contributions to the rabbi trust to provide the Bank with a
source of funds to assist it in meeting the liabilities of this Plan. The rabbi
trust and any assets held therein shall conform to the terms of the rabbi trust
agreement which has been established in conjunction with this Plan. Any
contribution(s) to the rabbi trust shall be made in accordance with the rabbi
trust agreement. The amount and timing of such contribution(s) shall be
specified in the agreement which establishes such rabbi trust.

                                  SECTION III
                                 DEFERRED FEES

      Commencing on the Effective Date and continuing through the end of the
Deferral Period, the Director and the Bank agree that the Director may defer
into his Elective Contribution Account up to one hundred percent (100%) of the
monthly Board and Committee fees and/or retainer which the Director would
otherwise be entitled to receive from the Bank, the Company and any other
affiliated corporations. The specific amount of the Director's monthly deferred
compensation shall be designated in the Director's Joinder Agreement and shall
apply only to compensation attributable to services not yet performed. Within
thirty (30) days of the date that the Director is first eligible to participate
in this Plan, the Director may elect to defer amounts to be earned for the
remainder of that calendar year. All other deferral elections must be made by
December 31 of the year prior to the year in which the amount deferred is
earned.

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                                   SECTION IV
                         ADJUSTMENT OF DEFERRAL AMOUNT

      Deferral of the specific amount of fees and/or retainer designated in the
Director's Joinder Agreement shall continue in effect pursuant to the terms of
this Plan unless and until the Director amends his Joinder Agreement by filing
with the Administrator a Notice of Adjustment of Deferral Amount (Exhibit B of
the Joinder Agreement). If the Bank, the Company or any affiliated corporation
increases the amount of fees and/or retainer earned by the Director, the
Director can include such additional amounts in his monthly deferral, provided
approval from the Board is obtained, by filing a Notice of Adjustment of
Deferral Amount. A Notice of Adjustment of Deferral Amount shall be effective if
filed with the Administrator at least fifteen (15) days prior to any January 1st
during the Director's Deferral Period. Such Notice of Adjustment of Deferral
Amount shall be effective commencing with the January 1st following its filing
and shall be applicable only to compensation attributable to services not yet
performed.

                                    SECTION V
                               BENEFITS GENERALLY

5.1   Retirement Benefit. The Bank agrees to pay the Director the Deferred
Compensation Benefit commencing on the Director's Benefit Eligibility Date. Such
payments will be made over the term of the Payout Period. In the event of the
Director's death after commencement of the Deferred Compensation Benefit, but
prior to completion of all such payments due and owing hereunder, the Bank shall
pay to the Director's Beneficiary a continuation of the Deferred Compensation
Benefit for the number of years remaining in the Payout Period.

5.2   Disability Benefit. If requested by the Director and approved by the
Board, the Director shall be entitled to receive the Disability Benefit
hereunder, in any case in which the Director: (i) is unable to engage in any
substantial gainful activity by reason of any medically determinable physical or
mental impairment which can be expected to result in death or can be expected to
last for a continuous period of not less than 12 months; or (ii) is, by reason
of any medically determinable physical or mental impairment which can be
expected to result in death or can be expected to last for a continuous period
of not less than 12 months, receiving income replacement benefits for a period
of not less than 3 months under and accident and health plan covering employees
of the Participant's employer. If Board approval is obtained, the Disability
Benefit shall begin within thirty (30) days of Board approval. The amount of the
Disability Benefit shall be the value of the Director's Elective Contribution
Account, payable in accordance with the Director's Joinder Agreement. In the
event the Director dies while receiving Disability Benefit payments pursuant to
this Subsection, his Beneficiary shall be entitled to receive the remaining
payments over the remaining Payout Period.

5.3   Voluntary or Involuntary Termination. If the Director's service with the
Bank is voluntarily or involuntarily terminated prior to the Benefit Age
designated in his Joinder Agreement, for any reason including Change in Control
but excluding death or disability, the Director shall be entitled to the value
of his Elective Contribution Account commencing within thirty (30) days of such
termination or in the case of a Specified Employee, on the first day of the
seventh (7th) month following such termination, and payable over the Payout
Period elected in the Joinder Agreement. Notwithstanding anything herein to the
contrary, the Administrator may determine to pay the balance

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of the Director's Elective Contribution Account to the Director in a lump sum
within sixty (60) days of his voluntary or involuntary termination.

5.4   Financial Hardship Benefit. In the event the Director incurs a Financial
Hardship, the Director may request a Financial Hardship Benefit. Such request
shall be either approved or rejected by the Bank in the exercise of its sole
discretion. The Director will be required to demonstrate to the satisfaction of
the Bank that a Financial Hardship has occurred and that the Director is
otherwise entitled to a Financial Hardship Benefit in accordance with Sections
1.18 and 1.19. If a Financial Hardship Benefit is approved, it shall be paid in
a lump sum within thirty (30) days of the event which triggers payment and only
to the extent of the Director's account balances when paid. Any Deferred
Compensation Benefit or Disability Benefit shall be actuarially adjusted to
reflect such distribution.

5.5   Determination of Annual Installments. Benefits payable in annual
installments hereunder shall be determined as follows: If a five (5) year Payout
Period is elected, the first annual installment shall equal one-fifth of the
Director's Elective Contribution Account. The second annual installment shall
equal one-fourth of the Director's Elective Contribution Account, as increased
during the year by the Interest Factor. The third annual installment shall equal
one-third of the Director's Elective Contribution Account, the fourth annual
installment shall equal one-half of the Director's Elective Contribution Account
and the final installment shall equal the balance of the Director's Elective
Contribution Account. Each succeeding installment shall be paid on the
anniversary date of the immediate preceding installment and shall be calculated
as of the last Valuation Date immediately preceding payment of such installment.
Each year during the Payout Period, the Director's Elective Contribution Account
shall earn interest at the rate established by the Interest Factor.

                                   SECTION VI
                                 DEATH BENEFITS

      Death Benefit Prior to Commencement of Deferred Compensation Benefit or
Disability Benefit. In the event of the Director's death prior to commencement
of the Deferred Compensation Benefit or Disability Benefit, the Bank shall pay
the balance of the Director's Elective Contribution Account to the Director's
Beneficiary, commencing within thirty (30) days of the Director's death and
payable over the Payout Period.

                                  SECTION VII
                            BENEFICIARY DESIGNATION

      The Director shall make an initial designation of primary and secondary
Beneficiaries upon execution of his Joinder Agreement and shall have the right
to change such designation, at any subsequent time, by submitting to the
Administrator in substantially the form attached as Exhibit A to the Joinder
Agreement, a written designation of primary and secondary Beneficiaries. Any
Beneficiary designation made subsequent to execution of the Joinder Agreement
shall become effective only when receipt thereof is acknowledged in writing by
the Administrator.

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                                  SECTION VIII
                          DIRECTOR'S RIGHT TO ASSETS:
                    ALIENABILITY AND ASSIGNMENT PROHIBITION

      At no time shall the Director be deemed to have any lien, right, title or
interest in or to any specific investment or to any assets of the Bank. The
rights of the Director, any Beneficiary, or any other person claiming through
the Director under this Plan, shall be solely those of an unsecured general
creditor of the Bank. The Director, the Beneficiary, or any other person
claiming through the Director, shall only have the right to receive from the
Bank those payments so specified under this Plan. Neither the Director nor any
Beneficiary under this Plan shall have any power or right to transfer, assign,
anticipate, hypothecate, mortgage, commute, modify or otherwise encumber in
advance any of the benefits payable hereunder, nor shall any of said benefits be
subject to seizure for the payment of any debts, judgments, alimony or separate
maintenance owed by the Director or his Beneficiary, nor be transferable by
operation of law in the event of bankruptcy, insolvency or otherwise.

                                   SECTION IX
                                ERISA PROVISIONS

9.1   Named Fiduciary. The Administrator shall be the Named Fiduciary of this
Plan. The Administrator shall be responsible for the management, control and
administration of the Plan as established herein. The Administrator may delegate
to others certain aspects of the management and operational responsibilities of
the Plan, including the employment of advisors and the delegation of ministerial
duties to qualified individuals.

9.2   Claims Procedure and Arbitration. In the event that benefits under this
Plan are not paid to the Director (or to his Beneficiary in the case of the
Director's death) and such claimants feel they are entitled to receive such
benefits, then a written claim must be made to the Administrator within sixty
(60) days from the date payments are refused. The Administrator shall review the
written claim and, if the claim is denied, in whole or in part, shall provide in
writing, within thirty (30) days of receipt of such claim, its specific reasons
for such denial, reference to the provisions of this Plan or the Joinder
Agreement upon which the denial is based, and any additional material or
information necessary to perfect the claim. Such writing by the Administrator
shall further indicate the additional steps which must be undertaken by
claimants if an additional review of the claim denial is desired.

If claimants desire a second review, they shall notify the Administrator in
writing within thirty (30) days of the first claim denial. Claimants may review
this Plan, the Joinder Agreement or any documents relating thereto and submit
any issues and comments, in writing, they may feel appropriate. In its sole
discretion, the Administrator shall then review the second claim and provide a
written decision within thirty (30) days of receipt of such claim. This decision
shall state the specific reasons for the decision and shall include reference to
specific provisions of this Plan or the Joinder Agreement upon which the
decision is based.

If claimants continue to dispute the benefit denial based upon completed
performance of this Plan and the Joinder Agreement or the meaning and effect of
the terms and conditions thereof, then claimants may submit the dispute to
mediation, administered by the American Arbitration

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Association ("AAA") (or a mediator selected by the parties) in accordance with
the AAA's Commercial Mediation Rules. If mediation is not successful in
resolving the dispute, it shall be settled by arbitration administered by the
AAA under its Commercial Arbitration Rules, and judgment on the award rendered
by the arbitrator(s) may be entered in any court having jurisdiction thereof.

                                    SECTION X
                                  MISCELLANEOUS

10.1  No Effect on Directorship Rights. Nothing contained herein will confer
upon the Director the right to be retained in the service of the Bank nor limit
the right of the Bank to discharge or otherwise deal with the Director without
regard to the existence of the Plan.

10.2  State Law. The Plan is established under, and will be construed according
to, the laws of the State of New Jersey, to the extent such laws are not
preempted by ERISA and valid regulations published thereunder.

10.3  Severability. In the event that any of the provisions of this Plan or
portion thereof, are held to be inoperative or invalid by any court of competent
jurisdiction, then: (1) insofar as is reasonable, effect will be given to the
intent manifested in the provisions held invalid or inoperative, and (2) the
validity and enforceability of the remaining provisions will not be affected
thereby.

10.4  Incapacity of Recipient. In the event the Director is declared incompetent
and a conservator or other person legally charged with the care of his person or
Estate is appointed, any benefits under the Plan to which such Director is
entitled shall be paid to such conservator or other person legally charged with
the care of his person or Estate.

10.5  Unclaimed Benefit. The Director shall keep the Bank informed of his
current address and the current address of his Beneficiaries. If the location of
the Director is not made known to the Bank within three years after the date
upon which any payment of any benefits may first be made, the Bank shall delay
payment of the Director's benefit payment(s) until the location of the Director
is made known to the Bank; however, the Bank shall only be obligated to hold
such benefit payment(s) for the Director until the expiration of three (3)
years. Upon expiration of the three (3)-year period, the Bank may discharge its
obligation by payment to the Director's Beneficiary. If the location of the
Director's Beneficiary is not made known to the Bank by the end of an additional
two (2)-month period following expiration of the three (3)-year period, the Bank
may discharge its obligation by payment to the Director's Estate. If there is no
Estate in existence at such time or if such fact cannot be determined by the
Bank, the Director and his Beneficiary(ies) shall thereupon forfeit any rights
to the balance, if any, of any benefits provided for such Director and/or
Beneficiary under this Plan.

10.6  Limitations on Liability. Notwithstanding any of the preceding provisions
of the Plan, no individual acting as an employee or agent of the Bank, or as a
member of the Board shall be personally liable to the Director or any other
person for any claim, loss, liability or expense incurred in connection with
this Plan.

10.7  Gender. Whenever in this Plan words are used in the masculine or neuter
gender, they shall be read and construed as in the masculine, feminine or neuter
gender, whenever they should so apply.

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10.8  Effect on Other Corporate Benefit Plans. Nothing contained in this Plan
shall affect the right of the Director to participate in or be covered by any
qualified or non-qualified pension, profit sharing, group, bonus or other
supplemental compensation or fringe benefit agreement constituting a part of the
Bank's existing or future compensation structure.

10.9  Inurement. This Plan shall be binding upon and shall inure to the benefit
of the Bank, its successors and assigns, and the Director, his successors,
heirs, executors, administrators, and Beneficiaries.

10.10 Source of Payments. All payments provided in this Plan shall be timely
paid in cash or check from the general funds of the Bank or the assets of the
rabbi trust. The Company guarantees payment and provision of all amounts and
benefits due to the Directors and, if such amounts and benefits are not timely
paid or provided by the Bank or a rabbi trust, such amounts and benefits shall
be paid or provided by the Company.

10.11 Change of Election to Delay Payment. In the event that a Director desires
to modify his Benefit Eligibility Date or Payout Period with respect to future
Elective Contributions, the Director may file an election to delay the payment
date or, if the Director has elected a lump sum payout, to change the form of
payment from a lump sum to a period of years (not to exceed 10 years). Subject
to the requirements of Code Section 409A and Treasury Regulations issued
thereunder, the new election must be filed at least 12 months prior to it
becoming effective. If the Director becomes entitled to payment during such 12
month period, the new election form shall be ignored and reference shall be made
to the prior filed election in determining the timing of the benefit payment. In
addition, subject to the requirements of Code Section 409A and the Treasury
Regulations, the new election shall defer the first payment with respect to such
election for a period of not less than 5 years from the date such payment would
otherwise have been made.

10.12 Headings. Headings and sub-headings in this Plan are inserted for
reference and convenience only and shall not be deemed a part of this Plan.

                                   SECTION XI
                              AMENDMENT/REVOCATION

      This Plan shall not be amended, modified or revoked at any time, in whole
or part, without the mutual written consent of the Director and the Bank, and
such mutual consent shall be required even if the Director is no longer serving
the Bank as a member of the Board.

                                  SECTION XII
                                   EXECUTION

12.1  This Plan sets forth the entire understanding of the parties hereto with
respect to the transactions contemplated hereby, and any previous agreements or
understandings between the parties hereto regarding the subject matter hereof
are merged into and superseded by this Plan.

12.2  This Plan shall be executed in triplicate, each copy of which, when so
executed and delivered, shall be an original, but all three copies shall
together constitute one and the same instrument.

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      IN WITNESS WHEREOF, the Bank and the Company have caused this Plan to be
executed on the day and date first above written.

ATTEST:                                     BAYONNE COMMUNITY BANK

_____________________________               By: ________________________________
Secretary
                                            Title: _____________________________

ATTEST:                                     BCB BANCORP, INC.

_____________________________               By: ________________________________
Secretary
                                            Title: _____________________________

                                       10exv10w24

 

Exhibit 10.24

IMPORTANT NOTICE:

THIS CALL AGREEMENT CONTAINS A CONFESSION OF JUDGMENT PROVISION

WHICH CONSTITUTES A WAIVER OF IMPORTANT RIGHTS

THAT THE BELOW-DEFINED “EQUITY HOLDER” MAY HAVE AS A DEBTOR

AND ALLOWS THE BELOW-DEFINED “LENDER” TO OBTAIN A JUDGMENT

AGAINST THE EQUITY HOLDER WITHOUT ANY FURTHER NOTICE.

CALL AGREEMENT

THIS CALL AGREEMENT (“AGREEMENT”) is effectively dated as of November                     , 2004 by:

	(a)	 	the following (individually or collectively as the context may require, “EQUITY HOLDER”)

	 	(1)	 	LAZARD TECHNOLOGY PARTNERS II LP, a Delaware limited partnership (“LAZARD”),
and
	 
	 	(2)	 	STERLING VENTURE PARTNERS, L.P., a Delaware limited partnership, and STERLING
SVP EXECUTIVE FUND, L.P., a Delaware limited partnership (collectively, “STERLING”);
for the benefit of

	(b)	 	MERCANTILE-SAFE DEPOSIT AND TRUST COMPANY, a Maryland banking and trust company (“LENDER”).

RECITALS

     VOCUS, INC., a Delaware corporation (“BORROWER”), has requested that the LENDER provide the
BORROWER with a revolving line of credit in the maximum principal amount that may be outstanding at
any one time of Seven Million Dollars ($7,000,000.00) (as such revolving line of credit may
hereafter be amended or modified, including any modification increasing the maximum principal
amount thereof, “LOAN”). The LENDER has agreed to provide the LOAN to the BORROWER pursuant to the
terms and provisions of the Loan Agreement of even date herewith by and between the BORROWER and
the LENDER (as such Loan Agreement may hereafter be amended or modified, “LOAN AGREEMENT”),
provided the EQUITY HOLDER executes and delivers this AGREEMENT. The EQUITY HOLDER is willing to
execute and deliver this AGREEMENT in order to induce the LENDER to provide the LOAN to the
BORROWER since each EQUITY HOLDER shall be benefited thereby.

     NOW, THEREFORE, in consideration of these premises and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the EQUITY HOLDER hereby agrees as
follows:

 

 

     Section 1. Definitions. As used throughout this AGREEMENT, the following terms shall
have the following meanings:

     a. Call Cap. The term “CALL CAP” means the following respective amounts as to each
respective EQUITY HOLDER: (i) as to LAZARD, the “CALL CAP” shall be Four Million Seven Hundred
Eighty-Eight Thousand Dollars ($4,788,000.00); and (ii) as to STERLING, the “CALL CAP” shall,
jointly and severally with respect to each entity that is collectively defined as being
“STERLING,” be Two Million Two Hundred Twelve Thousand Dollars ($2,212,000.00).

     b. Call Notice. The term “CALL NOTICE” means a written notice from the LENDER to each
EQUITY HOLDER notifying the EQUITY HOLDER that a call is being made pursuant to the terms of this
AGREEMENT, which written notice shall contain the information set forth in Section 2 of this
AGREEMENT.

     c. Cure Amount. The term “CURE AMOUNT” means the sum of: (i) the aggregate
outstanding obligations under the LOAN DOCUMENTS (insofar as the LOAN is concerned) as of the date
upon which the LENDER delivers the CALL NOTICE to the EQUITY HOLDER; plus (ii) any
interest, charges and fees that accrue under, and pursuant to the terms of, the LOAN DOCUMENTS
(insofar as the LOAN is concerned) between the date upon which the CALL NOTICE is delivered to the
EQUITY HOLDER and the BORROWER’s obligations under the LOAN DOCUMENTS are fully satisfied.

     d. Event Of Default. The term “EVENT OF DEFAULT” has the meaning provided in the
Section hereof which is captioned, “Events Authorizing Acceleration Of Obligations.”

     e. Fiscal Quarter. The term “FISCAL QUARTER” means a three (3) month fiscal period
ending on the last calendar day of January, April, July, or October of each calendar year, as the
case may be.

     f. Fund Availability. The term “FUND AVAILABILITY” means the sum of: (a) the
aggregate dollar amount of binding and enforceable commitments to fund the EQUITY HOLDER, which the
EQUITY HOLDER has received from holders of equity interests in the EQUITY HOLDER, but for which the
EQUITY HOLDER has not yet received payment; (b) cash on hand with the EQUITY HOLDER; plus
(c) such other amounts that may be agreed to by the LENDER in its sole discretion.

     g. G.A.A.P. The term “G.A.A.P.” means, with respect to any date of determination,
generally accepted accounting principles as used by the Financial Accounting Standards Board and/or
the American Institute of Certified Public Accountants consistently applied and maintained
throughout the periods indicated.

     h. Loan Documents. The term “LOAN DOCUMENTS” means, collectively, this
AGREEMENT, the LOAN AGREEMENT, and all other agreements, instruments and documents executed by or
on behalf of the BORROWER and/or the EQUITY HOLDER to or for the benefit of

2

 

the LENDER in connection with, or which otherwise document or evidence the terms and provisions of, the LOAN.

     i. Monetary Default. The term “MONETARY DEFAULT” means a default in the payment of
any principal or interest due to the LENDER under the terms and provisions of the LOAN AGREEMENT or
any of the other LOAN DOCUMENTS.

     j. Person. The term “PERSON” means any individual, corporation, partnership, limited
liability company, association, joint-stock company, trust, estate, unincorporated organization,
joint venture, court, government or political subdivision or agency thereof, or other legal entity.

     Section 2. Call; Cure Amount; Loan Assignment. Following the occurrence of a MONETARY
DEFAULT or any other EVENT OF DEFAULT, as the case may be, the LENDER may, in its discretion,
deliver to each EQUITY HOLDER the CALL NOTICE which shall set forth: (a) that a MONETARY DEFAULT
or another EVENT OF DEFAULT has occurred; (b) the CURE AMOUNT as of the date of the delivery of
such CALL NOTICE; and (c) a statement that — (i) such notice is a CALL NOTICE under the terms of
this AGREEMENT, and (ii) the CALL NOTICE is being simultaneously delivered to each EQUITY HOLDER as
required hereunder. Upon receipt of the CALL NOTICE, each EQUITY HOLDER shall, within ten (10)
business days, pay to the LENDER an amount equal to the CURE AMOUNT; provided, however, that: (i)
each EQUITY HOLDER shall have no obligation to make any payment in excess of its respective CALL
CAP; (ii) the amount paid pursuant to the CALL NOTICE shall be applied by the LENDER to the sums
owed by the BORROWER to the LENDER under the LOAN DOCUMENTS (insofar as the LOAN is concerned), in
such order of application as determined by the LENDER; and (iii) each EQUITY HOLDER shall only be
obligated to pay to the LENDER an amount equal to the product of the CURE AMOUNT multiplied by the
following respective percentages:

	 	 	 	 	 	 	 	 	 
	 

	 	LAZARD
	 	=
	 	68.4 %; and
	 	 
	 

	 	STERLING
	 	=
	 	31.6 %.	 	 

Immediately following the delivery of the CURE AMOUNT and the satisfaction of the BORROWER’s
obligations under the LOAN DOCUMENTS insofar as the LOAN and all of the other “LOANS” (as that term
is defined in the LOAN AGREEMENT) are concerned, the LENDER shall assign (without recourse to the
LENDER) all of its rights, title and interest in and to the LOAN DOCUMENTS to the EQUITY HOLDER.

     Section 3. Representations Of Equity Holder. To induce the LENDER to accept this
AGREEMENT for the purposes for which it is given, each EQUITY HOLDER (severally and
not jointly) represents and warrants to the LENDER (as to each EQUITY HOLDER itself only) as
follows:

     (a) Such EQUITY HOLDER: (i) is duly organized and validly existing under the laws of
the state of its organization; (ii) has the lawful power to own its properties and to engage in the
business it conducts; and (iii) is duly qualified and, where appropriate, in good standing as a
foreign organizational entity in the jurisdictions wherein the nature of the business transacted by
it or

3

 

property owned by it makes such qualification necessary, except where the failure to qualify
would not have a material adverse effect.

     (b) Any financial statements submitted by such EQUITY HOLDER to the LENDER, including any
schedules and notes pertaining thereto, have been prepared in accordance with G.A.A.P., and fairly
present the financial condition of such EQUITY HOLDER at the dates thereof and the results of
operations for the periods covered thereby, and there has been no material adverse change in the
financial condition or business of such EQUITY HOLDER from the dates thereof to the date hereof,
other than as disclosed to the LENDER.

     (c) Such EQUITY HOLDER is not in default with respect to any of its existing indebtedness, and
the making and performance of this AGREEMENT will not (immediately, with the passage of time, the
giving of notices, or both): (i) violate any organizational documents of such EQUITY HOLDER; (ii)
violate any laws applicable to such EQUITY HOLDER; (iii) result in a default under any contract,
agreement, or instrument to which such EQUITY HOLDER is a party or by which such EQUITY HOLDER or
its property is bound; or (iv) result in the creation or imposition of any security interest in, or
lien or encumbrance upon, any of the assets of such EQUITY HOLDER or any of its subsidiaries.

     (d) Such EQUITY HOLDER has the power and authority to enter into and perform this AGREEMENT
and has taken all corporate action necessary to authorize the execution, delivery, and performance
of this AGREEMENT.

     (e) This AGREEMENT, when executed and delivered, will be, valid, binding, and enforceable in
accordance with its terms, except to the extent such validity, binding effect and/or enforceability
may be limited by — (i) bankruptcy, insolvency and other laws related to or affecting creditors’
rights generally, and (ii) such principals of equity as a court of competent jurisdiction may
impose, including but not limited to specific performance.

     (f) The incurring or satisfaction of the obligations under this AGREEMENT has not left and
will not leave such EQUITY HOLDER insolvent, with an unreasonably small capital, or unable to pay
existing or future debts as they mature.

     Section 4. Reporting Requirements. Each EQUITY HOLDER shall submit the following
items to the LENDER:

     (a) Within forty-five (45) calendar days after the end of each FISCAL QUARTER of the
applicable EQUITY HOLDER, such EQUITY HOLDER shall submit: (i) a statement of
stockholders’, partners’ or members’ equity and a statement of changes in the financial
position of such EQUITY HOLDER for such FISCAL QUARTER; (ii) an income statement of such EQUITY
HOLDER for such FISCAL QUARTER; and (iii) a balance sheet of such EQUITY HOLDER as of the end of
such FISCAL QUARTER.

     (b) Within ninety (90) calendar days after the end of each fiscal year of the applicable
EQUITY HOLDER, such EQUITY HOLDER shall submit: (i) a statement of stockholders’,

4

 

partners’, or members’ equity and a statement of changes in the financial position of such EQUITY HOLDER for such
fiscal year; (ii) an income statement of such EQUITY HOLDER for such fiscal year; and (iii) a
balance sheet of such EQUITY HOLDER as of the end of such fiscal year.

     (c) All financial statements shall be: (i) in reasonable detail, including all supporting
schedules and comments necessary to verify or confirm entries in the financial statements; and (ii)
prepared in accordance with G.A.A.P. and may be prepared by the EQUITY HOLDER’s regular bookkeeper
or accountant, except for the year-end financial statements described in the immediately preceding
clause (b) of this Section, which shall be accompanied by the certificate of an independent
certified public accountant, reasonably acceptable to the LENDER, in which the independent
certified public accountant certifies — (A) that such accountant has examined the balance sheet of
the EQUITY HOLDER and the related statements of income, retained earnings and changes in financial
position for the year then ended (copies of which balance sheet and related statements are to be
attached to such opinion), (B) such examinations were made in accordance with generally accepted
auditing standards, (C) in the opinion of such accountant such financial statements present fairly
the financial position of the EQUITY HOLDER, and the results of the EQUITY HOLDER’s operations and
changes in its financial position for the year then ended, in conformity with G.A.A.P., and (D)
that during the course of its audit of the EQUITY HOLDER, no matter has come to such accountant’s
attention which would cause it to alter the financial statements referred to above or their
opinions thereon, except as noted in such certification. The costs of supplying the financial
statements shall be paid by the applicable EQUITY HOLDER.

     Section 5. Lender Need Not Pursue Other Rights. The LENDER shall be under no
obligation to pursue any of the LENDER’s rights and remedies against the BORROWER or any of the
collateral of the BORROWER securing the obligations of the BORROWER to the LENDER or against any
other party or any collateral of any other party before pursuing the LENDER’s rights and remedies
against the EQUITY HOLDER.

     Section 6. Certain Rights Of Lender. Each EQUITY HOLDER hereby assents to any and all
terms and agreements between the LENDER and the BORROWER or between the LENDER and any other party,
and all amendments and modifications thereof, whether presently existing or hereafter made and
whether oral or in writing; provided, however, that in no event shall such assent have the effect
of extending the term of this AGREEMENT beyond the term stated in the Section of this AGREEMENT
which is captioned, “Termination Of Agreement.” The LENDER may, without compromising, impairing,
diminishing, or in any way releasing each EQUITY HOLDER from its respective obligations hereunder
and without notifying or obtaining
the prior approval of each EQUITY HOLDER, at any time or from time to time: (a) waive or excuse a
default by the BORROWER or delay in the exercise by the LENDER of any or all of the LENDER’s rights
or remedies with respect to such default or defaults; (b) grant extensions of time for payment or
performance by the BORROWER; (c) release, substitute, exchange, surrender, or add collateral of the
BORROWER or waive, release, or subordinate, in whole or in part, any lien or security interest held
by the LENDER on any real or personal property securing payment or performance, in whole or in
part, of the obligations of the BORROWER to the LENDER or of any other party; (d) apply payments
made by the BORROWER or by any other party to any sums owed by the BORROWER to the LENDER, in any
order or manner, or to any specific account or accounts, as the LENDER may

5

 

elect; and (e) modify, change, renew, extend, or amend in any respect any of the LOAN DOCUMENTS or any of the other
agreements between the LENDER and the BORROWER or any other party, or any other document,
instrument, or writing embodying or reflecting the same, including but not limited to modifications
which increase the amount of the LOAN or extend the maturity of the LOAN.

     Section 7. Waivers By Equity Holder. Each EQUITY HOLDER waives until such time as the
LOAN is terminated and all obligations under the LOAN AGREEMENT have been paid in full: (a) any
and all notices whatsoever with respect to the obligations of the BORROWER to the LENDER,
including, but not limited to, notice of — (i) the LENDER’s acceptance hereof or the LENDER’s
intention to act, or the LENDER’s action, in reliance hereon, (ii) the present existence or future
incurring of any of the obligations of the BORROWER to the LENDER or any terms or amounts thereof
or any change therein, (iii) any default by the BORROWER or any surety, pledgor, grantor of
security, party or any PERSON who has guarantied or secured in whole or in part the obligations of
the BORROWER to the LENDER, and (iv) the obtaining or release of any guaranty or surety agreement,
pledge, assignment, or other security for any of the obligations of the BORROWER to the LENDER; (b)
presentment and demand for payment of any sum due from the BORROWER or any other party and protest
of nonpayment; (c) demand for performance by the BORROWER; and (d) any and all defenses and rights
based on suretyship, impairment of collateral, or otherwise accorded to the EQUITY HOLDER by
applicable law.

     Section 8. No Conditions Precedent. This AGREEMENT shall be effective and enforceable
immediately upon its execution. Each EQUITY HOLDER acknowledges that no unsatisfied conditions
precedent to the effectiveness and enforceability of this AGREEMENT exist as of the date of its
execution and that the effectiveness and enforceability of this AGREEMENT is not in any way
conditioned or contingent upon any event, occurrence, or happening, or upon any condition existing
or coming into existence either before or after the execution of this AGREEMENT.

     Section 9. No Duty To Disclose. The LENDER shall have no present or future duty or
obligation to discover or to disclose to the EQUITY HOLDER any information, financial or otherwise,
concerning the BORROWER, any other party, or any collateral securing either the obligations of the
BORROWER to the LENDER or of any other PERSON who may have guarantied in whole or in part the
obligations of the BORROWER to the LENDER. The EQUITY HOLDER waives any right to claim or assert
any such duty or obligation on the part of
the LENDER. The EQUITY HOLDER agrees to obtain all information which the EQUITY HOLDER considers
either appropriate or relevant to this AGREEMENT from sources other than the LENDER and to become
and remain at all times current and continuously apprised of all information concerning the
BORROWER, other parties, and any collateral which is material and relevant to the obligations of
the EQUITY HOLDER under this AGREEMENT.

     Section 10. Obligations Are Unconditional. The payment and performance of this
AGREEMENT shall be the absolute and unconditional duty and obligation of each EQUITY HOLDER, and
shall be independent of any defense or any rights of setoff, recoupment or counterclaim which each
EQUITY HOLDER might otherwise have against the LENDER; provided,

6

 

however, that the LENDER
acknowledges and agrees that (except for the obligations of STERLING, which are joint and several
as to each entity that is collectively defined herein as being “STERLING”) the obligations of the
EQUITY HOLDER hereunder are several and not joint. Each EQUITY HOLDER shall pay and perform the
obligations under this AGREEMENT, free of any deductions and without abatement, diminution or
setoff. Until such time as the LOAN has been fully paid and the LENDER’s obligations thereunder
have been terminated, the EQUITY HOLDER shall: (a) not suspend or discontinue any payments
provided for herein; (b) perform and observe all of the covenants and agreements contained in this
AGREEMENT; and (c) not terminate or attempt to terminate this AGREEMENT for any reason. The LENDER
shall have no obligation to make any CALL NOTICE and the failure to deliver any CALL NOTICE after
the occurrence of a MONETARY DEFAULT or any other EVENT OF DEFAULT shall in no way limit or impair
the LENDER’s ability to make any future CALL NOTICE and enforce the terms and provisions of this
AGREEMENT; provided, however, that no CALL NOTICE shall be deemed to have been delivered until a
CALL NOTICE has been delivered to each EQUITY HOLDER.

     Section 11. Fund Availability. Each EQUITY HOLDER hereby covenants and agrees at all
times to maintain FUND AVAILABILITY in an amount not less than the amount of its respective CALL
CAP.

     Section 12. Events Authorizing Acceleration Of Obligations. The occurrence of any of
the following (“EVENT OF DEFAULT”) shall entitle the LENDER to demand the payment, within ten (10)
business days following the delivery thereof to the EQUITY HOLDER (and the EQUITY HOLDER hereby
covenants to so pay to the LENDER upon such demand) of an amount equal to the product of the CURE
AMOUNT multiplied by the following respective percentages — (i) LAZARD = 60.0%, and (ii) STERLING
= 40.0% — as provided in Section 2 of this AGREEMENT:

	 	(a)	 	the commencement by the BORROWER of a voluntary case or proceeding under any
federal or state bankruptcy, insolvency or similar law;
	 
	 	(b)	 	the commencement of an involuntary case or proceeding against the BORROWER
under any federal or state bankruptcy, insolvency, or similar law, and either — (i)
such case or proceeding is not dismissed within ninety (90)
calendar days after commencement, or (ii) an order for relief is entered in such
case;
	 
	 	(c)	 	the appointment of a receiver, assignee, custodian, trustee or similar official
under any federal or state insolvency or creditors’ rights law for any property of the
BORROWER;
	 
	 	(d)	 	the entry of a judgment or judgments against any EQUITY HOLDER in an aggregate
amount in excess of One Hundred Fifty Thousand Dollars ($150,000.00) and the failure to
satisfy such judgment within thirty (30) days either by payment, by stay of execution,
or by the filing of a supersedeas bond;
	 
	 	(e)	 	the occurrence of a MONETARY DEFAULT, which default is not cured within any
applicable grace period under the LOAN DOCUMENTS;

7

 

	 	(f)	 	a failure to make any payment required to be made under Section 2 of this
AGREEMENT within the time period set forth therein;
	 
	 	(g)	 	a failure to comply with the terms of the immediately preceding Section of this
AGREEMENT;
	 
	 	(h)	 	a failure of any EQUITY HOLDER to perform any covenant or agreement contained
in this AGREEMENT (other than those set forth in the preceding clauses of this Section)
and such failure is not cured within thirty (30) calendar days after notice from the
LENDER. Any sums paid by the EQUITY HOLDER pursuant to this Section shall be applied
by the LENDER to the BORROWER’s obligations to the LENDER under the LOAN DOCUMENTS, in
such order of application as the LENDER may determine.

     Section 13. Confession Of Judgment. Upon the occurrence of an EVENT OF DEFAULT, each
EQUITY HOLDER authorizes any attorney admitted to practice before any court of record in the United
States, or the clerk of such court, to appear on behalf of the EQUITY HOLDER and to confess
judgment in any such court against the EQUITY HOLDER in the full amount due on this AGREEMENT by
such EQUITY HOLDER at such time plus an attorneys’ fee equal to ten percent (10%) of the amount
due, all without prior notice or opportunity of the EQUITY HOLDER for a prior hearing. The EQUITY
HOLDER consents to the jurisdiction and venue of the courts of any county of the State of Maryland,
or Baltimore City, Maryland, or the United States District Court for the District of Maryland for
the entry of said judgment. The EQUITY HOLDER waives and releases all errors, defects, and
imperfections whatever in the entering of the said judgment and hereby agrees that no writ of error
or objections or motion or rule to open or strike said judgment or appeal shall be made or taken
thereto. The EQUITY HOLDER waives any right to notice or a hearing prior to the entry of judgment
and to the benefit of any and every statute, ordinance, or rule of court which may be lawfully
waived conferring upon the EQUITY HOLDER any right or privilege of exemption, including but not
limited to any homestead exemptions, stay of execution, or supplementary proceedings, or other
relief from the enforcement
or immediate enforcement of a judgment or related proceedings on a judgment. The authority
and power which the EQUITY HOLDER has given for any attorney admitted to practice before any court
of record in the United States, or the clerk of such court, to appear for and confess judgment
against the EQUITY HOLDER shall be a continuous authority which shall not be exhausted or
extinguished by any one or more exercises or imperfect exercises thereof or by any one or more
judgments entered pursuant thereto and may be exercised on one or more occasions and at such times
and from time to time after default and in the same or different courts or jurisdictions as the
LENDER may consider necessary or advisable. Notwithstanding the LENDER’s right to request
attorneys’ fees in the amount of ten percent (10%) of the amount due in connection with the
above-referenced confession of judgment, the LENDER may only collect an amount equal to the actual
attorneys’ fees incurred by its counsel in connection therewith, based on the normal hourly rate of
the attorneys involved.

     Section 14. Interest Rate After Judgment. If judgment is entered against an EQUITY
HOLDER on this AGREEMENT, whether by confession or otherwise, the amount of the judgment

8

 

entered shall bear interest at the highest rate after default authorized by the LOAN DOCUMENTS as of the
date of entry of the judgment to the extent permitted by applicable law.

     Section 15. Expenses Of Collection And Attorneys’ Fees. Should this AGREEMENT be
referred to an attorney for collection, the defaulting EQUITY HOLDER shall pay all of the LENDER’s
reasonable costs, fees and expenses resulting from such referral, including reasonable attorneys’
fees, which the LENDER may incur, even though judgment has not been confessed or suit has not been
filed.

     Section 16. Enforcement During Bankruptcy. Enforcement of this AGREEMENT shall not be
stayed or in any way delayed as a result of the filing of a petition under the United States
Bankruptcy Code, as amended, by or against the BORROWER. Should the LENDER be required to
obtain an order of the United States Bankruptcy Court to begin enforcement of this AGREEMENT after
the filing of a petition under the United States Bankruptcy Code, as amended, by or against
the BORROWER, the EQUITY HOLDER hereby consents to this relief and agrees to file or cause to be
filed all appropriate pleadings to evidence and effectuate such consent and to enable the LENDER to
obtain the relief requested.

     Section 17. Remedies Cumulative. All of the LENDER’s rights and remedies
shall be cumulative and any failure of the LENDER to exercise any right hereunder shall not be
construed as a waiver of the right to exercise the same or any other right at any time, and from
time to time, thereafter.

     Section 18. Rights Of Subrogation, Etc. In the event the EQUITY HOLDER pays any sum
to or for the benefit of the LENDER pursuant to this AGREEMENT which is applied by the LENDER to
the BORROWER’s obligations under the LOAN, the EQUITY HOLDER may not enforce any right of
contribution, indemnification, exoneration, reimbursement, subrogation or other similar right or
remedy against the BORROWER, any other party, or any collateral, whether real, personal, or mixed,
securing the obligations of the BORROWER to the LENDER or the obligations of any other party to the
LENDER until such time as the LENDER has been
paid in full and has no further claim against the BORROWER, any other party, or any
collateral. The EQUITY HOLDER waives and releases any claim which the EQUITY HOLDER may hereafter
have against the LENDER if some action of the LENDER impairs, destroys, or in any way adversely
affects any right of contribution, indemnification, exoneration, reimbursement, subrogation, or the
like which the EQUITY HOLDER may have upon the payment of any sum to or for the benefit of the
LENDER pursuant to this AGREEMENT; provided that the foregoing shall not limit the EQUITY HOLDER’s
rights in the event of the LENDER’s gross negligence or willful misconduct.

     Section 19. Subordination Of Certain Indebtedness. If the EQUITY HOLDER advances any
sums to the BORROWER or its successors or assigns or if the BORROWER or its successors or assigns
shall hereafter become indebted to the EQUITY HOLDER, such sums and indebtedness shall be
subordinate in all respects to the amounts then or thereafter due and owing to the LENDER by the
BORROWER.

9

 

     Section 20. Choice Of Law. The laws of the State of Maryland (excluding, however,
conflict of law principles) shall govern and be applied to determine all issues relating to this
AGREEMENT and the rights and obligations of the parties hereto, including the validity,
construction, interpretation, and enforceability of this AGREEMENT and its various provisions and
the consequences and legal effect of all transactions and events which resulted in the issuance of
this AGREEMENT or which occurred or were to occur as a direct or indirect result of this AGREEMENT
having been executed.

     Section 21. Consent To Jurisdiction; Agreement As To Venue. The EQUITY HOLDER
irrevocably consents to the non-exclusive jurisdiction of the courts of the State of Maryland and
of the United States District Court for the District of Maryland, if a basis for federal
jurisdiction exists. The EQUITY HOLDER agrees that venue shall be proper in any circuit court of
the State of Maryland selected by the LENDER or in the United States District Court for the
District of Maryland if a basis for federal jurisdiction exists and waive any right to object to
the maintenance of a suit in any of the state or federal courts of the State of Maryland on the
basis of improper venue or of inconvenience of forum.

     Section 22. Actions Against Lender. Any action brought by the EQUITY HOLDER
against the LENDER which is based, directly or indirectly, on this AGREEMENT or any matter in or
related to this AGREEMENT, including but not limited to the obligations of the BORROWER to the
LENDER, the administration, collection, or enforcement thereof, shall be brought only in the
federal or state courts located in the State of Maryland, except where the LENDER has already
submitted to the courts of another jurisdiction in connection with this AGREEMENT or any matter
related to this AGREEMENT, in which case an action may be brought against the LENDER in such other
jurisdiction.

     Section 23. Invalidity Of Any Part. If any provision or part of any provision of this
AGREEMENT shall for any reason be held invalid, illegal, or unenforceable in any respect, such
invalidity, illegality, or unenforceability shall not affect any other provisions or the remaining
part of any effective provisions of this AGREEMENT, and this AGREEMENT shall be
construed as if such invalid, illegal, or unenforceable provision or part thereof had never
been contained herein, but only to the extent of its invalidity, illegality, or unenforceability.

     Section 24. Amendment Or Waiver. This AGREEMENT may be amended only by a writing duly
executed by the EQUITY HOLDER and the LENDER. No waiver by the LENDER of any of the provisions of
this AGREEMENT or any of the rights or remedies of the LENDER with respect hereto shall be
considered effective or enforceable unless in writing.

     Section 25. Notices. Any notice required or permitted by or in connection with this
AGREEMENT shall be in writing and shall be made by facsimile (confirmed on the date the facsimile
is sent by one of the other methods of giving notice provided for in this Section) or by hand
delivery, by Federal Express, or other similar overnight delivery service, or by certified mail,
unrestricted delivery, return receipt requested, postage prepaid, addressed to the LENDER or the
EQUITY HOLDER at the appropriate address set forth below or to such other address as may be
hereafter specified by written notice by the LENDER or the EQUITY HOLDER. Notice shall be

10

 

considered given as of the date of the facsimile or the hand delivery, one (1) calendar day after
delivery to Federal Express or similar overnight delivery service, or three (3) calendar days after
the date of mailing, independent of the date of actual delivery or whether delivery is ever in fact
made, as the case may be, provided the giver of notice can establish the fact that notice was given
as provided herein. If notice is tendered pursuant to the provisions of this Section and is
refused by the intended recipient thereof, the notice, nevertheless, shall be considered to have
been given and shall be effective as of the date herein provided.

	 	 	 	 	 	 	 	 	 
	 	 	If to the LENDER:	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	MERCANTILE-SAFE DEPOSIT AND TRUST COMPANY	 	 
	 	 	2 Hopkins Plaza, 2nd Floor	 	 
	 	 	Baltimore, Maryland 21201	 	 
	 	 	Attn.: Guy Johnson and Joyce Wilker	 	 
	 	 	Fax No.: (410) 237-5703	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	If to LAZARD:	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	LAZARD TECHNOLOGY PARTNERS II LP	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	Attn.:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	Fax No.: (                    )                                         	 	 

	 	 	 	 	 	 	 	 	 
	 	 	With A Courtesy Copy To:	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	Attn.:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	Fax No.: (                    )                                         	 	 

	 	 	 	 	 	 	 	 	 
	 	 	If to STERLING:	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	STERLING VENTURE PARTNERS, L.P. and	 	 
	 	 	STERLING SVP EXECUTIVE FUND, L.P.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	Attn.:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	Fax No.: (                    )                                         	 	 

	 	 	 	 	 	 	 	 	 
	 	 	With A Courtesy Copy To:	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	Attn.:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	Fax No.: (                    )                                         	 	 

11

 

The failure of the LENDER to send the above courtesy copy shall not impair the effectiveness of
notice given to the EQUITY HOLDER in the manner provided herein.

     Section 26. Binding Nature. This AGREEMENT shall inure to the benefit of and be
enforceable by the LENDER and the LENDER’s successors and permitted assigns and shall be binding
upon and enforceable against each respective EQUITY HOLDER and their respective successors, and
assigns.

     Section 27. Assignability. This AGREEMENT or an interest therein may be assigned by
the LENDER at any time or from time. In addition, the LENDER may sell participation interests in
the LOAN and/or any or all of the LOAN DOCUMENTS (including but not limited to this AGREEMENT),
subject to the terms and restrictions set forth in the LOAN AGREEMENT as in existence on the date
of this AGREEMENT.

     Section 28. Final Agreement. This AGREEMENT contains the final and entire agreement
between the LENDER and the EQUITY HOLDER with respect to the obligations hereunder. There are no
separate oral or written understandings between the LENDER and the EQUITY HOLDER with respect
thereto.

     Section 29. Tense, Gender, Defined Terms, Captions. As used herein, the plural
includes the singular, and the singular includes the plural. The use of any gender applies to any
other gender. All defined terms are completely capitalized throughout this AGREEMENT. All captions
are for the purpose of convenience only.

     Section 30. Seal And Effective Date. This AGREEMENT is an instrument executed under
seal and is to be considered effective and enforceable as of the date set forth on the first page
hereof, independent of the date of actual execution.

     Section 31. Limitation Of Liability. Provided that the EQUITY HOLDER timely makes all
of the payments required under this AGREEMENT, the EQUITY HOLDER’s total liability hereunder, at
any particular time, shall not exceed the CALL CAP.

     Section 32. Termination Of Agreement. Unless the LENDER delivers a CALL NOTICE to the
EQUITY HOLDER prior to December 31, 2007, each EQUITY HOLDER’s obligations under this AGREEMENT
shall terminate at 12:00 a.m. on January 1, 2008. Notwithstanding the terms of the immediately
preceding sentence to the contrary, in connection with any extension of the term of the LOAN and
the maturity of the LOAN DOCUMENTS (insofar as the LOAN is concerned) beyond the current October
31, 2007 maturity date thereof that is more fully described in the LOAN DOCUMENTS, IF each
EQUITY HOLDER is notified in writing of such extension of the term of the LOAN (“NEW MATURITY
DATE”) prior to 11:59 p.m. on December 31, 2007, THEN each EQUITY HOLDER’s obligations
under this AGREEMENT shall terminate at 12:00 a.m. on the

12

 

sixtieth (60th) calendar day after the
NEW MATURITY DATE (“EXTENDED TERMINATION DATE”) unless the LENDER delivers a CALL NOTICE to the
EQUITY HOLDER prior to the EXTENDED TERMINATION DATE.

     Section 33. Waiver Of Trial By Jury. Each EQUITY HOLDER and the LENDER, by their
execution and acceptance, respectively, of this AGREEMENT, agree that any suit, action, or
proceeding, whether claim or counterclaim, brought or instituted by either party hereto or any
successor or assign of any party on or with respect to this AGREEMENT or which in any way relates,
directly or indirectly, to this AGREEMENT or any event, transaction, or occurrence arising out of
or in any way connected with this AGREEMENT, or the dealings of the parties with respect thereto,
shall be tried only by a court and not by a jury. EACH PARTY HEREBY EXPRESSLY WAIVES ANY RIGHT TO
A TRIAL BY JURY IN ANY SUCH SUIT, ACTION, OR PROCEEDING.

[Signatures begin on the next page.]

13

 

     IN WITNESS WHEREOF, this AGREEMENT has been duly executed by the EQUITY HOLDER
effective as of the day and year first above written (notwithstanding the actual date of execution
and delivery hereof). This AGREEMENT may be delivered via facsimile transmission.

	 	 	 	 	 	 	 	 	 	 	 
	WITNESS:	 	 	 	The EQUITY HOLDER:
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	LAZARD TECHNOLOGY PARTNERS II LP,
	 	 	 	 	A Delaware Limited Partnership
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	By:	 	LTP II LLC,
	 	 	 	 	 	 	A Delaware Limited Liability Company,
	 	 	 	 	 	 	General Partner
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:
	 	/s/ Kevin J. Burns
	 	(SEAL)
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Name: Kevin J. Burns	 	 
	 

	 	 	 	 	 	 	 	Title: Managing Principal	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	STERLING VENTURE PARTNERS, L.P.
	 	 	 	 	A Delaware Limited Partnership
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	By:	 	STERLING VENTURE PARTNERS, LLC,
	 	 	 	 	 	 	A Delaware Limited Liability Company,
	 	 	 	 	 	 	General Partner
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:
	 	/s/ Michael G. Bronfein
	 	(SEAL)
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Name: Michael G. Bronfein	 	 
	 

	 	 	 	 	 	 	 	Title: Managing Member	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	STERLING SVP EXECUTIVE FUND, L.P.,
	 	 	 	 	A Delaware Limited Partnership
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	By:	 	STERLING VENTURE PARTNERS, LLC,
	 	 	 	 	 	 	A Delaware Limited Liability Company,
	 	 	 	 	 	 	General Partner
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:
	 	/s/ Michael G. Bronfein
	 	(SEAL)
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Name: Michael G. Bronfein	 	 
	 

	 	 	 	 	 	 	 	Title: Managing Member

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