Document:

Exhibit 10.30

 

EXECUTION VERSION

 

AMENDMENT
NO. 4 TO LOAN AGREEMENT

 

This Amendment
No. 4 to Loan Agreement, dated as of March 30, 2020 (this “Amendment”), is made by and between SoftBank Group
Capital Limited (formerly known as SoftBank Group International Limited), a company organized under the laws of England and Wales
(the “Lender”), and Airspan Networks Inc., a Delaware corporation (the “Borrower”).

 

RECITALS

 

WHEREAS, the
Lender and the Borrower have entered into that certain Term Loan Agreement, dated as of February 9, 2016, as amended by that certain
Amendment No. 1 to Loan Agreement dated as of July 12, 2016, as further amended by that certain Amendment No. 2 to Loan Agreement
dated as of July 3, 2017, and as further amended by that certain Amendment No. 3 to Loan Agreement dated as of May 23, 2019 (as
so amended, and as further amended, restated, supplemented, or otherwise modified from time to time, the “Loan Agreement”),
providing for a loan in an aggregate principal amount equal to US$30,000,000 from the Lender to the Borrower.

 

WHEREAS, the
parties hereto desire to amend the Loan Agreement on the terms and subject to the conditions set forth herein.

 

NOW, THEREFORE,
for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged by each of the parties hereto, the
parties hereto, intending to be legally bound, do hereby agree as follows:

 

Section
1. Definitions. All capitalized terms used in this Amendment (including in the recitals hereof) and not otherwise defined herein
shall have the meanings assigned to them in the Loan Agreement.

 

Section 2.Amendment.

 

(a) Section
1.14 of the Loan Agreement is hereby amended and restated in its entirety as follows:

 

“1.14 “Maturity
Date” shall mean December 31, 2021 or, if such date is not a Business Day, the immediately preceding Business Day.”

 

     

     

    

 

(b) Section
2.2 of the Loan Agreement is hereby amended and restated in its entirety as follows:

 

“2.2Interest

 

		(a)	Interest shall accrue on the outstanding principal
balance of the Loan (including any PIK Interest thereon that has been capitalized and added to the principal amount of the Loan)
and any accrued interest which is not paid when due (other than any PIK Interest), (a) through and including December 31, 2020,
at a rate of 9.00% per annum, except that subject to Section 3.2 below, if any applicable Law requires the deduction or
withholding of any tax from any payment made by the Borrower hereunder, the applicable interest rate during such period shall
be 12.83% per annum, starting from the date such deduction or withholding of tax is first required under applicable Law, and (b)
from January 1, 2021 and thereafter, at a rate of 12.00% per annum; except that subject to Section 3.2 below, if any applicable
Law requires the deduction or withholding of any tax from any payment made by the Borrower hereunder, the applicable interest
rate during such period shall be [ ]% per annum, starting from the date such deduction or withholding of tax is first required
under applicable Law. Interest shall be calculated in accordance with the actual number of days elapsed during the Interest Period
on the basis of a 365-day year, and shall be calculated daily, based on the entire principal amount outstanding under the Loan
as at the end of such day.

 

		(b)	Interest on each Advance shall be added to the outstanding principal amount of the Loan on each
Interest Payment Date (“PIK Interest”). Accrued but unpaid interest shall also be paid in cash on the principal
amount of each Loan on the date of any principal payment or prepayment thereof.”

 

Section 3.Conditions of Effectiveness.The
effectiveness of Section 2 shall be subject to the following conditions precedent:

 

(a) The
Borrower shall have provided the Lender (i) certified copies of the resolutions of the Board of Directors (or shareholders, if
applicable) of the Borrower authorizing the making and performance by it of this Amendment, (ii) certified copies of the organizational
documents of the Borrower, as amended to date, and (iii) official certificates of good standing in Delaware and Florida, dated
no earlier than 30 days prior to the date hereof.

 

(b) The
Lender shall have received a written consent from the Senior Lender approving the Maturity Date, as amended hereby, and the other
amendments contemplated by this Amendment.

 

(c) No
Event of Default under the Loan Agreement has occurred and is continuing or will result after giving effect to this Amendment.

 

(d) The
representations and warranties in Section 4(a) shall be true and correct on the date hereof.

 

Section 4.Representations and Warranties;
Reaffirmation.

 

		(a)	The Borrower hereby represents and warrants to the Lender as follows:

 

(1) This
Amendment has been duly authorized, executed and delivered by the Borrower and constitutes the legal, valid and binding
agreement of the Borrower, enforceable in accordance with its terms (subject, as to enforcement, to (x) the effect of
applicable bankruptcy, insolvency, examinership or similar laws affecting the enforcement or creditors’ rights and (y)
general principles of equity). The execution, delivery and performance by the Borrower of this Amendment is within the
Borrower’s powers.

 

    2

     

    

 

(2) The
execution, delivery and performance by the Borrower of this Agreement do not (i) conflict with any of the Borrower’s
organizational, constitutional or constituent documents; (ii) contravene, conflict with, constitute a default under or
violate any Law; (iii) contravene, conflict or violate any applicable order, writ, judgment, injunction, decree,
determination or award of any Government Agency by which the Borrower or any of its property or assets may be bound or
affected; (iv) require any action by, filing, registration, or qualification with, or permit from, any Government Agency; or
(v) constitute a default under or conflict with any material agreement to which the Borrower is bound.

 

(3) No
Event of Default under the Loan Agreement has occurred and is continuing or will result after giving effect to this Amendment.

 

(b) The
Borrower hereby ratifies, confirms, reaffirms, and acknowledges its obligations under the Loan Agreement and agrees that the Loan
Agreement remains in full force and effect, undiminished by this Amendment, except as expressly provided herein. By executing this
Amendment, the Borrower acknowledges that it has read, consulted with its attorneys regarding, and understands, this Amendment.

 

Section 5.CHOICE OF LAW AND JURY TRIAL WAIVER

 

(a) THIS
AMENDMENT AND THE RIGHTS, REMEDIES AND OBLIGATIONS OF
THE PARTIES HERETO, AND ANY CLAIM, CONTROVERSY OR DISPUTE
ARISING UNDER OR RELATED TO THIS AMENDMENT, THE RELATIONSHIP
OF THE PARTIES, AND/OR THE INTERPRETATION AND ENFORCEMENT
OF THE RIGHTS AND DUTIES OF THE PARTIES AND ALL OTHER MATTERS RELATING HERETO OR ARISING THEREFROM (WHETHER
SOUNDING IN CONTRACT LAW, TORT LAW OR OTHERWISE), SHALL
BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF NEW YORK,
WITHOUT REGARD TO ITS PRINCIPLES OF CONFLICT OF LAWS.

 

(b) TO
THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE BORROWER,
AND THE LENDER EACH WAIVE THEIR RIGHT TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION
ARISING OUT OF OR BASED UPON THIS AMENDMENT, INCLUDING
CONTRACT, TORT, BREACH OF DUTY AND ALL OTHER
CLAIMS. THIS WAIVER IS A MATERIAL INDUCEMENT FOR THE PARTIES TO ENTER INTO THIS AMENDMENT.
EACH PARTY HAS REVIEWED THIS WAIVER WITH ITS COUNSEL.

 

Section 6.Miscellaneous.

 

(a) Severability
of Provisions. Each provision of this Amendment is severable from every other provision in determining the enforceability of
any provision.

 

    3

     

    

 

(b) Integration.
This Amendment and the Loan Agreement represent the entire agreement about this subject matter and supersede prior
negotiations or agreements. All prior agreements, understandings, representations, warranties, and negotiations among the
parties about the subject matter of this Amendment and the Loan Agreement merge into this Amendment and the Loan
Agreement.

 

(c) Counterparts.
This Amendment may be executed in any number of counterparts and by different parties on separate counterparts, each of which,
when executed and delivered, is an original, and all taken together, constitute one Agreement. Delivery of an executed signature
page of this Amendment by facsimile transmission or electronic transmission shall be as effective as delivery of a manually executed
counterpart hereof.

 

(d) No
Strict Construction. The parties hereto have participated jointly in the negotiation and drafting of this Amendment. In the
event an ambiguity or question of intent or interpretation arises, this Amendment shall be construed as if drafted jointly by the
parties hereto and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship
of any provisions of this Amendment.

 

[signatures to follow]

 

    4

     

    

 

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

  

	 	LENDER:
	 	 
	 	SOFTBANK GROUP CAPITAL LIMITED
	 	 
	 	By:	/s/ Robert Townsend
	 	Name: 	Robert Townsend
	 	Title:	Director

 

Signature Page to Amendment No.
4 to Loan Agreement

 

	 

     

     

    

 

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

  

	 	BORROWER:
	 	 
	 	AIRSPAN NETWORKS INC.
	 	 
	 	By:
	/s/ David Brant
	 	Name:	David Brant
	 	Title:	Chief Financial Officer

 

Signature Page to Amendment No.
4 to Loan AgreementExhibit 10.31

 

Execution Version

 

Amendment No. 5
to LOAN Agreement

 

This Amendment No. 5 to Loan
Agreement, dated as of December 30, 2020 (this “Amendment”), is made by and between SoftBank Group Capital Limited
(formerly known as SoftBank Group International Limited), a company organized under the laws of England and Wales (the “Lender”),
and Airspan Networks Inc., a Delaware corporation (the “Borrower”).

 

RECITALS

 

WHEREAS, the Lender and the
Borrower have entered into that certain Term Loan Agreement, dated as of February 9, 2016, as amended by that certain Amendment No. 1
to Loan Agreement dated as of July 12, 2016, as further amended by that certain Amendment No. 2 to Loan Agreement dated as of July 3,
2017, as further amended by that certain Amendment No. 3 to Loan Agreement dated as of May 23, 2019, and as further amended by that certain
Amendment No. 4 to Loan Agreement dated as of March 30, 2020 (as so amended, and as further amended, restated, supplemented, or otherwise
modified from time to time, the “Loan Agreement”), providing for a loan in an aggregate original principal amount equal
to US$30,000,000 from the Lender to the Borrower.

 

WHEREAS, the parties hereto
desire to amend the Loan Agreement on the terms and subject to the conditions set forth herein.

 

NOW, THEREFORE, for good and
valuable consideration, the receipt and adequacy of which are hereby acknowledged by each of the parties hereto, the parties hereto, intending
to be legally bound, do hereby agree as follows:

 

Section 1. Definitions.
All capitalized terms used in this Amendment (including in the recitals hereof) and not otherwise defined herein shall have the meanings
assigned to them in the Loan Agreement.

 

Section 2. Amendment.

 

(a) The
first page of the Loan Agreement is hereby amended by placing the following legend at the top thereof:

 

“This
Loan Agreement and the rights and obligations evidenced hereby are subordinate in the manner and to the extent set forth in that certain
Intercreditor and Subordination Agreement dated as of December 30, 2020 (as the same may be amended, amended and restated, restated, supplemented
or otherwise modified or replaced from time to time, the “Subordination Agreement”) entered into by, among others,
AIRSPAN NETWORKS INC. and certain of its subsidiaries, DBFIP ANI LLC (“Fortress”), as administrative agent, collateral
agent and trustee for the secured parties pursuant to the terms of the Senior Documents (as defined therein) (Fortress in such capacities
together with its successors and assigns, the “Senior Agent”) and SOFTBANK GROUP CAPITAL LIMITED and each other holder
of loans under this Loan Agreement from time to time (collectively and individually the “Subordinated Creditor”). Each
Subordinated Creditor by its acceptance of any interest in the Loans and other advances hereunder irrevocably agrees to be bound by the
provisions of the Subordination Agreement.”

 

     

     

    

 

(b) Section
1.14 of the Loan Agreement is hereby amended and restated in its entirety as follows:

 

		“1.14	“Maturity Date” shall mean the later of (a) December 30, 2024 and (b) 365 days after
the maturity date of the Senior Loan Agreement (as in effect on December 30, 2020), or, in each case, if such date is not a Business Day,
the immediately preceding Business Day.”

 

(c) Section
1.18 of the Loan Agreement is hereby amended and restated in its entirety as follows:

 

		“1.18	“Senior Lender” shall mean shall mean, collectively, the “Lenders” as such
term is defined in the Senior Loan Agreement, and any assignee or successor thereof.”

 

(d) Section
1.19 of the Loan Agreement is hereby amended and restated in its entirety as follows:

 

		“1.19	“Senior Loan Agreement” shall mean that certain Credit Agreement dated as of December
30, 2020 by and among the Senior Lenders, as lenders, the Senior Agent, the Borrower, as borrower, and certain subsidiaries of the Borrower
party thereto, as guarantors (as amended, restated, supplemented or otherwise modified from time to time and any replacement facility
therefor to the extent permitted under the Subordination Agreement).”

 

(e) Section
1.20 of the Loan Agreement is hereby amended and restated in its entirety as follows:

 

		“1.20	“Subordination Agreement” shall mean that certain Intercreditor and Subordination Agreement
dated as of December 30, 2020 by and between the Lender, the Agent and the Borrower and its subsidiaries party thereto (as amended, restated,
supplemented or otherwise modified from time to time).”

 

(f) A
new Section 1.16A is hereby added to the Loan Agreement in appropriate numerical order to read as follows:

 

		“1.16A	“Senior Agent” shall mean DBFIP ANI LLC, a Delaware limited liability company, as administrative
agent and collateral agent and trustee for the lenders under the Senior Loan Agreement.”

 

    2

     

    

 

(g) Section
2.2 of the Loan Agreement is hereby amended and restated in its entirety as follows:

 

“2.2 Interest

 

		(a)	Interest shall accrue on the outstanding principal balance of the Loan (including any PIK Interest thereon
that has been capitalized and added to the principal amount of the Loan) and any accrued interest which is not paid when due (other than
any PIK Interest), at a rate of 9.00% per annum, except that subject to Section 3.2 below, if any applicable Law requires
the deduction or withholding of any tax from any payment made by the Borrower hereunder, the applicable interest rate during such period
shall be 12.83% per annum, starting from the date such deduction or withholding of tax is first required under applicable Law. Interest
shall be calculated in accordance with the actual number of days elapsed during the Interest Period on the basis of a 365-day year, and
shall be calculated daily, based on the entire principal amount outstanding under the Loan as at the end of such day.

 

		(b)	Interest on each Advance shall be added to the outstanding principal amount of the Loan on each Interest
Payment Date (“PIK Interest”). Accrued but unpaid interest shall also be paid in cash on the principal amount of each
Loan on the date of any principal payment or prepayment thereof.”

 

Section 3. Conditions
of Effectiveness. The effectiveness of Section 2 shall be subject to the following conditions precedent:

 

(a) The
Borrower shall have provided the Lender (i) certified copies of the resolutions of the Board of Directors (or shareholders, if applicable)
of the Borrower authorizing the making and performance by it of this Amendment, (ii) certified copies of the organizational documents
of the Borrower, as amended to date, and (iii) official certificates of good standing in Delaware and Florida, dated no earlier than 30
days prior to the date hereof.

 

(b) The
Lender shall have received a written consent from the Senior Lender approving the amendments contemplated by this Amendment.

 

(c) No
Event of Default under the Loan Agreement has occurred and is continuing or will result after giving effect to this Amendment.

 

(d) The
representations and warranties in Section 4(a) shall be true and correct on the date hereof.

 

    3

     

    

 

Section 4. Condition
Subsequent of Continued Effectiveness. The continued effectiveness of Section 2(g) of this Amendment (modifying Section 2.2
(Interest) of the Loan Agreement) shall be subject to the condition subsequent that the Borrower shall have executed documentation in
form and substance satisfactory to the Lender within forty five (45) days of the date first set forth above, pursuant to which SoftBank
Group Corp. (or another affiliate of Lender) may elect, at any time in its sole and absolute discretion, to acquire up to an additional
5% of the equity in Dense Air Limited, a company organized under the laws of England and Wales, for no additional consideration, together
with additional documentation reasonably incidental thereto. If such condition subsequent is not satisfied by such date, Section 2(g)
of this Amendment shall have no further force or effect, the interest rate set forth in Section 2.2 of the Loan Agreement shall revert
to the stated and scheduled interest rate as set forth and described in the Loan Agreement, as in effect immediately preceding the date
of this Amendment, and Borrower shall immediately pay to Lender any additional interest that otherwise would have been due to Lender under
the Loan Agreement as if Section 2(g) of the Amendment had not been in effect.

 

Section 5. Representations
and Warranties; Reaffirmation.

 

(a) The
Borrower hereby represents and warrants to the Lender as follows:

 

(1) This
Amendment has been duly authorized, executed and delivered by the Borrower and constitutes the legal, valid and binding agreement of the
Borrower, enforceable in accordance with its terms (subject, as to enforcement, to (x) the effect of applicable bankruptcy, insolvency,
examinership or similar laws affecting the enforcement or creditors’ rights and (y) general principles of equity). The execution,
delivery and performance by the Borrower of this Amendment is within the Borrower’s powers.

 

(2) The
execution, delivery and performance by the Borrower of this Agreement do not (i) conflict with any of the Borrower’s organizational,
constitutional or constituent documents; (ii) contravene, conflict with, constitute a default under or violate any Law; (iii) contravene,
conflict or violate any applicable order, writ, judgment, injunction, decree, determination or award of any Government Agency by which
the Borrower or any of its property or assets may be bound or affected; (iv) require any action by, filing, registration, or qualification
with, or permit from, any Government Agency; or (v) constitute a default under or conflict with any material agreement to which the Borrower
is bound.

 

(3) No
Event of Default under the Loan Agreement has occurred and is continuing or will result after giving effect to this Amendment.

 

(b) The
Borrower hereby ratifies, confirms, reaffirms, and acknowledges its obligations under the Loan Agreement and agrees that the Loan Agreement
remains in full force and effect, undiminished by this Amendment, except as expressly provided herein. By executing this Amendment, the
Borrower acknowledges that it has read, consulted with its attorneys regarding, and understands, this Amendment.

 

    4

     

    

 

Section 6. CHOICE
OF LAW AND JURY TRIAL WAIVER

 

(a) This
Amendment and the rights, remedies and obligations of the parties hereto, and any claim, controversy or dispute arising under or related
to this Amendment, the relationship of the parties, and/or the interpretation and enforcement of the rights and duties of the parties
and all other matters relating hereto or arising therefrom (whether sounding in contract law, tort law or otherwise), shall be governed
by, and construed and interpreted in accordance with, the laws of the State of New York, without regard to its principles of conflict
of laws.

 

(b) To
the fullest extent permitted by applicable law, the Borrower, and the Lender each waive their right to a jury trial of any claim or cause
of action arising out of or based upon this Amendment, including contract, tort, breach of duty and all other claims. This waiver is a
material inducement for the parties to enter into this Amendment. Each party has reviewed this waiver with its counsel.

 

Section 7. Miscellaneous.

 

(a) Severability
of Provisions. Each provision of this Amendment is severable from every other provision in determining the enforceability of any provision.

 

(b) Integration.
This Amendment and the Loan Agreement represent the entire agreement about this subject matter and supersede prior negotiations or agreements.
All prior agreements, understandings, representations, warranties, and negotiations among the parties about the subject matter of this
Amendment and the Loan Agreement merge into this Amendment and the Loan Agreement.

 

(c) Counterparts.
This Amendment may be executed in any number of counterparts and by different parties on separate counterparts, each of which, when executed
and delivered, is an original, and all taken together, constitute one Agreement. Delivery of an executed signature page of this Amendment
by facsimile transmission or electronic transmission shall be as effective as delivery of a manually executed counterpart hereof.

 

(d) No
Strict Construction. The parties hereto have participated jointly in the negotiation and drafting of this Amendment. In the event
an ambiguity or question of intent or interpretation arises, this Amendment shall be construed as if drafted jointly by the parties hereto
and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provisions of this
Amendment.

 

[signatures to follow]

 

    5

     

    

 

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

 

	 	LENDER:
	 	 
	 	SOFTBANK GROUP CAPITAL LIMITED
	 	 	 
	 	By: 	/s/ Marcelo Claure
	 	Name: 	Marcelo Claure
	 	Title: 	Director

 

Signature Page to Amendment No. 5 to Loan Agreement

 

     

     

    

 

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

 

	 	BORROWER:
	 	 
	 	AIRSPAN NETWORKS INC.
	 	 	 
	 	By:	/s/ David Brant
	 	Name:	David Brant
	 	Title:	Chief Financial Officer

 

Signature Page to Amendment No. 5 to Loan Agreement

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