Document:

Amendment No. 1 to Credit Agreement

 EXHIBIT 10.4 
 AMENDMENT NO. 1 TO CREDIT AGREEMENT 
 THIS AMENDMENT NO. 1 TO CREDIT
AGREEMENT (this “Amendment”), dated as of August 10, 2011, is entered into by and among AVG HOLDING COÖPERATIEF U.A., a cooperative (coöperatie) organized and existing under the laws of The Netherlands, having
its statutory seat in Amsterdam, The Netherlands and registered with the trade register of the Chamber of Commerce in The Netherlands under number 52197204 (“AVG Holding”), AVG TECHNOLOGIES N.V., a public limited liability company
(naamloze vennootschap) organized and existing under the laws of The Netherlands, having its statutory seat in Amsterdam, The Netherlands and registered with the trade register of the Chamber of Commerce in The Netherlands under number
34231583 (“AVG Technologies”), the other Guarantors party hereto and the Lenders party hereto, and relates to that certain Credit Agreement, dated as of March 15, 2011 (the “Credit Agreement”), by and among AVG
Holding, AVG Technologies, the Lenders, JPMorgan Chase Bank, N.A., as administrative agent, and Morgan Stanley Senior Funding, Inc., as syndication agent. 
 RECITALS 
 WHEREAS, AVG Holding and AVG Technologies, through their
Subsidiaries AVG Technologies GER GmbH and AVG Technologies CY Limited, desire to acquire 100% of the Capital Stock and all Intellectual Property and certain other assets of TuneUp Software GmbH, a limited liability company (Gesellschaft mit
beschränkter Haftung) organized and existing under the laws of the Federal Republic of Germany (the “German Software Acquisition”); and 
 WHEREAS, AVG Holding and AVG Technologies have requested that the Administrative Agent and the Lenders agree to make certain amendments to the Credit Agreement to permit the German Software Acquisition,
permit certain transactions in connection with other Permitted Acquisitions and otherwise provide their confirmation, consent and authorization, in each case, as provided for herein; 

NOW, THEREFORE, in consideration of the premises and the agreements, provisions and covenants herein contained, and for other good and
adequate consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 
 SECTION 1 
 DEFINITIONS 

Capitalized terms used but not defined herein shall have the meaning ascribed to such terms in the Credit Agreement. 

SECTION 2 

AMENDMENTS, CERTIFICATIONS AND CONSENT 
 Section 2.01. Amendments to Section 1.1 of the Credit Agreement. 
 Section 1.1 of the Credit Agreement is hereby amended by: 
 (a) adding the
following definitions to Section 1.1 in proper alphabetical order: 
 “Cyprus Subsidiary”: AVG Technologies
CY Limited, a company incorporated with limited liability under the laws of the Republic of Cyprus with registration number 151376 and a Subsidiary of AVG Technologies. 

  
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 “German Acquisition”: the acquisition by the German Subsidiary of 100% of
the Capital Stock of the German Acquired Entity pursuant to and in accordance with the TuneUp Share Purchase Agreement and the acquisition by the Cyprus Subsidiary of all Intellectual Property and certain other assets of the German Acquired Entity
pursuant to and in accordance with the TuneUp Asset Purchase Agreement. 
 “German Acquisition Stock”: as
defined in Section 6.5(d)(iv). 
 “German Acquired Entity”: TuneUp Software GmbH, a limited liability
company (Gesellschaft mit beschränkter Haftung) organized and existing under the laws of the Federal Republic of Germany. 
 “German Share Exchange Agreement”: the Share Subscription and Exchange Agreement, dated on the second day of the Closing Date (as defined in the TuneUp Share Purchase Agreement), by and
among the German Subsidiary, the German Stockholders and AVG Technologies, providing for the exchange of the German Acquisition Stock for Capital Stock in AVG Technologies in an aggregate amount not to exceed EUR 11,500,000 and substantially in the
form of Schedule 3 to the TuneUp Share Purchase Agreement. 
 “German Stockholders”: collectively,
(i) Blitz F11-Eins-Null GmbH, a limited liability company (Gesellschaft mit beschränkter Haftung) organized and existing under the laws of the Federal Republic of Germany, (ii) Christoph Laumann, an individual, and
(iii) Tibor Schiemann, an individual. 
 “German Subsidiary”: AVG Technologies GER GmbH, a limited
liability company (Gesellschaft mit beschränkter Haftung) organized and existing under the laws of the Federal Republic of Germany, and a direct Subsidiary of AVG Technologies. 

“Seller”: any Person that (a) owns, directly or indirectly, an Acquired Business or Entity to be acquired by a Loan
Party and (b) enters into one or more acquisition agreements or related transaction documents to sell, assign, convey, transfer or otherwise dispose of such Acquired Business or Entity to a Loan Party in one or more Permitted Acquisitions.

 “TuneUp Asset Purchase Agreement”: the Asset Purchase Agreement, dated on the first day of the Closing Date
(as defined in the TuneUp Share Purchase Agreement), by and among the Cyprus Subsidiary, the German Acquired Entity and AVG Technologies, providing for the purchase of all Intellectual Property and certain other assets of the German Acquired Entity
by the Cyprus Subsidiary for a purchase price equal to EUR 5,000,000 and substantially in the form of Schedule A to the TuneUp Share Purchase Agreement. 
 “TuneUp Share Purchase Agreement”: the Share Purchase Agreement, dated as of July 30, 2011, by and among the German Subsidiary, the Cyprus Subsidiary, the German Stockholders and AVG
Technologies, providing for the sale and contribution of 100% of the Capital Stock of the German Acquired Entity by the German Stockholders to the German Subsidiary in exchange for an initial purchase price equal to EUR 18,934,054, 20% of the
Capital Stock of the German Subsidiary and a deferred purchase price not to exceed EUR 10,000,000. 
 ; and 

  
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 (b) amending and restating the definition of “Change in Control” therein in its
entirety to read as follows: 
 “Change in Control”: (a)(i) at all times while AVG Holding exists as a separate
legal entity and has not been subject to the Borrowers’ Consolidation pursuant to and in accordance with the Permitted Restructuring, AVG Holding at any time shall cease to legally or beneficially own 100% of the Capital Stock of AVG
Technologies or such lesser percentage resulting from (A) the exercise of stock options with respect to the Capital Stock of AVG Technologies set forth on Schedule 3.14 as of the Closing Date and similar stock options issued after the
Closing Date in the ordinary course of business, (B) the issuance by AVG Technologies of Class C shares, par value EUR 0.01 per share, to the German Stockholders of the Capital Stock of AVG Technologies with an aggregate value not to
exceed EUR 11,500,000 as calculated on the dates of determination and in the manner specified in the German Share Exchange Agreement and (C) the issuance by AVG Technologies of Capital Stock consisting of common stock or equivalent equity
interests to one or more Sellers of an Acquired Business or Entity in connection with a Permitted Acquisition, provided that such lesser percentage resulting from, and after giving effect to, the exercise of all stock options pursuant to
clause (A) above, the issuance of all Class C shares pursuant to clause (B) above and the issuance of all Capital Stock pursuant to clause (C) above shall not be less than 74% of the Capital Stock of AVG Technologies on a fully
diluted basis at any time, and (ii) at any time after the consummation of the Borrowers’ Consolidation, the Surviving Borrower at any time shall cease to legally or beneficially own 100% of the Capital Stock of New Dutch Holdco,
(b) the Permitted Investors (collectively) shall fail to, directly or, at all times while AVG Holding exists as a separate legal entity and has not been subject to the Borrowers’ Consolidation pursuant to and in accordance with the
Permitted Restructuring, through AVG Holding, (i) own, or to have the power to vote or direct the voting of, Capital Stock of (A) at all times while AVG Technologies exists as a separate legal entity and has not been subject to the
Borrowers’ Consolidation pursuant to and in accordance with the Permitted Restructuring, AVG Technologies or (B) after the Borrowers’ Consolidation pursuant to and in accordance with the Permitted Restructuring, the Surviving
Borrower, in each case, representing more than 30% of the voting power of the total outstanding Capital Stock of AVG Technologies or the Surviving Borrower, as applicable, or (ii) own Capital Stock representing more than 30% of the total
economic interests of the Capital Stock of (A) at all times while AVG Technologies exists as a separate legal entity and has not been subject to the Borrowers’ Consolidation pursuant to and in accordance with the Permitted Restructuring,
AVG Technologies or (B) after the Borrowers’ Consolidation pursuant to and in accordance with the Permitted Restructuring, the Surviving Borrower, (c) any “person” or “group” (as such terms are used in Sections
13(d) and 14(d) of the Exchange Act), other than one or more Permitted Investors, is or becomes the beneficial owner (as defined in Rules 13d-3 and 13d-5 under the Exchange Act, except that for purposes of this clause such “person” or
“group” shall be deemed to have “beneficial ownership” of all securities that such “person” or “group” has the right to acquire, whether such right is exercisable immediately or only after the passage of
time), directly or indirectly, of a percentage of the aggregate outstanding Capital Stock of (i) at all times while AVG Technologies exists as a separate legal entity and has not been subject to the Borrowers’ Consolidation pursuant to and
in accordance with the Permitted Restructuring, AVG Technologies or (ii) after the Borrowers’ Consolidation pursuant to and in accordance with the Permitted Restructuring, the Surviving Borrower, in each case, representing more than the
aggregate percentage of the aggregate outstanding Capital Stock of AVG Technologies or the Surviving Borrower, as applicable, then held 

  
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by the Permitted Investors (collectively), directly or, at all times while AVG Holding exists as a separate legal entity and has not been subject to the Borrowers’ Consolidation pursuant to
and in accordance with the Permitted Restructuring, through AVG Holding, or (d) any “change of control” or similar event shall occur under and with respect to Indebtedness the outstanding principal amount of which exceeds in the
aggregate $25,000,000. 
 Section 2.02. Amendments to Section 5.2(b) of the Credit Agreement. 

Section 5.2(b) of the Credit Agreement is hereby amended by: 

(a) deleting the “and” immediately prior to “(C)”; and 

(b) adding the following clause (D), immediately after clause (C): 

, and (D) with respect to Compliance Certificates delivered prior to a Permitted IPO, a brief overview management discussion of the
applicable Borrower’s financial condition and business during the quarterly or annual period, as the case may be, covered by such Compliance Certificate; 
 Section 2.03. Amendment to Section 5.9(c) of the Credit Agreement. 
 Section 5.9(c) of the Credit Agreement is hereby amended by adding the following parenthetical immediately at the end of clause (i) thereof: 

(for the avoidance of doubt, solely with respect to the German Subsidiary, (A) AVG Technologies shall be required to deliver such
amendments pursuant to this clause (i) and the certificates and other documents pursuant to clause (ii) below with respect to the German Subsidiary only upon (but not prior to, unless the German Subsidiary shall have become a Material
Subsidiary for any other reason) the consummation of the German Acquisition and (B) upon the consummation of the German Acquisition, the obligations of the German Subsidiary and the obligation of any other Loan Party, to execute and deliver
such amendments pursuant to this clause (i) and to deliver the certificates and other documents pursuant to clause (ii) below shall apply only to the Capital Stock of the German Subsidiary that is owned by AVG Technologies or any other
Loan Party upon the consummation of the German Acquisition and at any time thereafter) 
 Section 2.04. Amendments to
Section 5.11 of the Credit Agreement. 
 Section 5.11 of the Credit Agreement is hereby amended by: 

(a) adding “(a)” at the beginning thereof; 
 (b) adding the following proviso immediately at the end of clause (a) thereof: 

; provided that such telephone conference is not prohibited by (i) any “quiet period” imposed on the Borrowers in
connection with a Permitted IPO or (ii) any other Requirement of Law 
 ; and 

  
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 (c) adding the following clause (b) immediately after Section 5.11(a): 

(b) Within 10 Business Days of the delivery of a Compliance Certificate delivered prior to a Permitted IPO pursuant to Section 5.2(b)
or Section 5.2(c) of this Agreement, schedule and make available one or more officers of the Borrowers to participate in an English language telephone conference with the Administrative Agent and the Lenders; provided that such telephone
conference is not prohibited by (i) any “quiet period” imposed on the Borrowers in connection with a Permitted IPO or (ii) any other Requirement of Law. 
 Section 2.05. Amendments to Section 5.16 of the Credit Agreement. 
 Section 5.16 of the Credit Agreement is hereby amended by adding “(a)” at the beginning thereof and adding the following clause (b) immediately after Section 5.16(a): 

(b) Deliver to the Administrative Agent an updated version of Schedule 3.14 promptly (but in any event within 10 Business Days)
after the creation or acquisition of any new Subsidiaries or any other material change in the information described on the most current version of Schedule 3.14 and, effective upon such delivery, such updated version shall be deemed to be
Schedule 3.14 to this Agreement for all purposes under this Agreement and all other Loan Documents until such Schedule 3.14 shall be further updated, supplemented or otherwise modified in accordance with this Section 5.16(b).

 Section 2.06. Amendments to Section 6.2 of the Credit Agreement. 

Section 6.2 of the Credit Agreement is hereby amended by: 
 (a) deleting the word “and” at the end of Section 6.2(f); 
 (b)
replacing the “.” at the end of Section 6.2(g) with “;”; and 
 (c) adding the following Sections
6.2(h) and 6.2(i) immediately after Section 6.2(g): 
 (h) the Guarantee Obligation of AVG Technologies with respect to the
obligation of the German Subsidiary to pay a deferred purchase price not to exceed EUR 10,000,000 pursuant to and in accordance with the TuneUp Share Purchase Agreement; provided that the aggregate amount of such Guarantee Obligation shall
not exceed EUR 10,000,000 at any one time; and 
 (i) the Guarantee Obligation of AVG Technologies, the Surviving Borrower or New
Dutch Holdco to one or more Sellers with respect to the obligations of one or more Subsidiaries of the Borrowers pursuant to acquisition agreements or related transaction documents entered into by such Sellers and such Subsidiaries in connection
with a Permitted Acquisition. 
 Section 2.07. Amendments to Section 6.5(d) of the Credit Agreement. 

Section 6.5(d) of the Credit Agreement is hereby amended by: 

(a) replacing the “or” immediately prior to “(iii)” with “,”; and 

  
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 (b) adding the following clauses (iv), (v) and (vi) immediately after clause
(iii): 
 , (iv) with respect to the Capital Stock of the German Subsidiary only, to the German Stockholders solely as part
of the purchase price payable by the German Subsidiary pursuant to and in accordance with the TuneUp Share Purchase Agreement and in an aggregate amount not to exceed 20% of the total outstanding Capital Stock of the German Subsidiary (the Capital
Stock so sold or issued pursuant to this clause (iv), the “German Acquisition Stock”), (v) with respect to the Capital Stock of AVG Technologies only, to the German Stockholders in exchange for the German Acquisition Stock,
Class C shares of AVG Technologies, par value EUR 0.01 per share, with an aggregate value not to exceed EUR 11,500,000 as calculated on the dates of determination and in the manner specified in the German Share Exchange Agreement;
provided that such issuance does not result in a Change in Control or (vi) with respect to the Capital Stock of AVG Technologies only, to one or more Sellers in connection with a Permitted Acquisition; provided that such issuance
does not result in a Change in Control; 
 Section 2.08. Amendments to Section 6.7 of the Credit Agreement. 

Section 6.7 of the Credit Agreement is hereby amended by: 
 (a) deleting the word “and” at the end of Section 6.7(k); 
 (b)
replacing the “.” at the end of Section 6.7(l) with “;”; and 
 (c) adding the following Sections
6.7(m), 6.7(n), 6.7(o) and 6.7(p) immediately after Section 6.7(l): 
 (m) Investments consisting of the purchase by the
Cyprus Subsidiary of all Intellectual Property and certain other assets of the German Acquired Entity pursuant to and in accordance with the TuneUp Asset Purchase Agreement; provided that the aggregate amount of all Investments pursuant to
this clause (m) shall not exceed EUR 5,000,000 at any time; 
 (n) Investments consisting of the purchase by AVG
Technologies of the German Acquisition Stock from the German Stockholders pursuant to and in accordance with the German Share Exchange Agreement; provided that the aggregate amount of all Investments pursuant to this clause (n) shall not
exceed EUR 11,500,000 at any time and such Investments shall be only in the form of (x) cash consideration and/or (y) Class C shares of AVG Technologies, par value EUR 0.01 per share, issued to the German Stockholders as permitted by
Section 6.5(d)(v) of this Agreement; 
 (o) Investments consisting of the purchase by one or more Loan Parties of
Intellectual Property of an Acquired Business or Entity from such Acquired Business or Entity in connection with the Permitted Acquisition of such Acquired Business or Entity so long as, after giving effect to such Investment, the conditions set
forth in clauses (a), (c), (d) and (e) of the definition of “Permitted Acquisition” shall be satisfied in respect of such Investment; and 
 (p) Investments by any Loan Party in any Group Member that, prior to such Investment, is not a Loan Party solely for the purpose of loaning or advancing to such Group Member the amount of any
consideration payable by such Group Member to one or more Sellers in a Permitted Acquisition in an aggregate amount not to exceed the aggregate amount of the consideration payable by such Group Member to consummate

  
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such Permitted Acquisition; provided that (i) if as a result of such Investment such Group Member is no longer an Immaterial Subsidiary, such Group Member shall upon such Investment
become a Guarantor and otherwise comply with Sections 5.9 and 5.10 and (ii) any such Investment shall be evidenced by the Intercompany Note and pledged by such Loan Party as Collateral pursuant to the Security Documents. 

Section 2.09. Amendment to Section 6.14 of the Credit Agreement. 

Section 6.14 of the Credit Agreement is hereby amended and restated in its entirety to read as follows: 

6.14 Lines of Business. (a) With respect to each Borrower and New Dutch Holdco, (i) conduct, transact or otherwise engage
in, or commit to conduct, transact or otherwise engage in, any business or operations other than those incidental to its ownership of (A) in the case of AVG Holding, the Capital Stock of AVG Technologies, (B) in the case of the Surviving
Borrower, the Capital Stock of New Dutch Holdco and (C) in the case of each of AVG Technologies and New Dutch Holdco, the Capital Stock of its Subsidiaries, (ii) incur, create, assume or suffer to exist any Indebtedness or other
liabilities or financial obligations, except (A) Indebtedness incurred pursuant to (1) Section 6.2(a) or (2) with respect to AVG Technologies, the Surviving Borrower and New Dutch Holdco only, Section 6.2(h) or 6.2(i), as
applicable, and Liens incurred pursuant to Section 6.3(h), (B) nonconsensual obligations imposed by operation of law, (C) obligations pursuant to the Loan Documents to which it is a party and (D) obligations with respect to its
Capital Stock or (iii) own, lease, manage or otherwise operate any properties or assets (including cash (other than cash received in connection with dividends made by such Borrower or New Dutch Holdco in accordance with Section 6.6 pending
application in the manner contemplated by said Section) and Cash Equivalents) other than its ownership of (A) in the case of AVG Holding, the Capital Stock of AVG Technologies, (B) in the case of the Surviving Borrower, the Capital Stock
of New Dutch Holdco and (C) in the case of each AVG Technologies and New Dutch Holdco, the Capital Stock of its Subsidiaries and any assets acquired pursuant to Section 6.4(b), provided that (1) AVG Technologies may issue
Capital Stock (x) in connection with the Permitted IPO, (y) constituting Class C shares, par value EUR 0.01 per share, to the German Stockholders with an aggregate value not to exceed EUR 11,500,000 as calculated on the dates of
determination and in the manner specified in the German Share Exchange Agreement, provided that such issuance does not result in a Change in Control or (z) in connection with a Permitted Acquisition, provided that such issuance
does not result in a Change in Control, (2) each Borrower and New Dutch Holdco may enter into the Permitted Restructuring and consummate the transactions set forth in Schedule 1.1E and (3) AVG Technologies may acquire, hold and
license Intellectual Property, provided that there is no Indebtedness or other net financial obligations or liabilities connected or associated therewith, or (b) with respect to each Group Member, enter into any business, either directly
or through any Subsidiary, except for those businesses in which a Borrower and its Subsidiaries are engaged on the date of this Agreement or that are reasonably related thereto (it being understood that each of the following is reasonably related
thereto for purposes of this Section 6.14(b): services with respect to security, search, social media and data provision via the Internet or other mobile or digital technology, online advertising and related industries and adjacent markets
involving security related products or other electronically distributed software). 

  
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 Section 2.10. Amendment to Schedule 3.14 to the Credit Agreement. 

Schedule 3.14 to the Credit Agreement is hereby replaced by Schedule 3.14 attached hereto as Exhibit A, which, from
and after the First Amendment Effective Date (as defined below), shall be deemed to be Schedule 3.14 to the Credit Agreement as amended by this Amendment, for all purposes under the Credit Agreement and all other Loan Documents until such
Schedule 3.14 shall be further updated, supplemented or otherwise modified in accordance with Section 5.16(b) of the Credit Agreement as amended by this Amendment. 
 Section 2.11. Certifications, Confirmation, Consent and Authorization Regarding Proposed Merger of Cyprus Subsidiary. 

(a) In connection with the proposed merger of the Cyprus Subsidiary with and into AVG Netherlands B.V., a Guarantor and a wholly-owned
Subsidiary of the Borrowers (the “Dutch Subsidiary”), in accordance with the merger plan attached as Appendix A to Exhibit B hereto (the “Proposed Merger”), each Borrower hereby certifies to each
Lender and to the Administrative Agent that: (i) the Proposed Merger is permitted in all respects under Section 6.4(a) of the Credit Agreement; (ii) the Borrowers are and will be relying on Section 6.4(a) of the Credit Agreement
for purposes of the Proposed Merger; and (iii) the consummation of the Proposed Merger and the other transactions contemplated thereby shall comply in all respects with Section 6.4(a) and the other provisions of the Credit Agreement.

 (b) Solely based upon (and in reliance on) the Borrowers’ certifications set forth in Section 2.11(a) above, the
Lenders party hereto hereby (i) confirm that they do not object to the Proposed Merger, (ii) consent to the letter substantially in the form of Exhibit A and with such changes thereto as the Administrative Agent shall approve (the
“Consent Letter”) and (iii) authorize, instruct and direct the Administrative Agent to execute and deliver the Consent Letter on their behalf to the Cyprus Subsidiary. 

SECTION 3 

CONDITIONS TO EFFECTIVENESS 
 This Amendment shall become effective as of the date hereof only upon the satisfaction of all of the following conditions precedent (the date of satisfaction of such conditions being referred to herein as
the “First Amendment Effective Date”): 
 (a) The Administrative Agent shall have received (i) a
counterpart signature page of this Amendment duly executed by each Loan Party and Lenders constituting Required Lenders; (ii) all fees and other amounts due and payable on or prior to the First Amendment Effective Date, including, to the extent
invoiced, reimbursement or other payment of all out-of-pocket expenses required to be reimbursed or paid by the Borrowers hereunder or any other Loan Document, and (iii) on behalf of each Lender consenting to this Amendment by executing and
delivering a counterpart signature page of this Amendment to the Administrative Agent no later than 5:00 p.m., New York City time, on August 3, 2011 (or such later time and date as agreed upon by the Administrative Agent and the Borrowers), an
amendment consent fee in an amount equal to 0.15% of the aggregate principal amount of such Lender’s Loans outstanding as of the First Amendment Effective Date, which fee shall be due and payable in full by the Borrowers on the First Amendment
Effective Date. 
 (c) Each Loan Party shall have obtained all material consents necessary or advisable in connection with the
transactions contemplated by this Amendment. 
 (d) On and as of the First Amendment Effective Date, (i) there shall exist
no Default or Event of Default and (ii) each of the representations and warranties contained in Section 4 below shall be true and correct in all material respects as if made on and as of such date, except to the extent such representations
and warranties specifically relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects on and as of such earlier date; provided that, in each case, such materiality
qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof. 

  
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 (e) The Administrative Agent and the Lenders shall have received such other documents,
information or agreements regarding the Loan Parties as the Administrative Agent may reasonably request. 
 SECTION 4

 REPRESENTATIONS AND WARRANTIES 
 Section 4.01. Borrowers. 
 In order to induce Lenders to enter
into this Amendment and to amend the Credit Agreement in the manner provided herein and to consent to the Consent Letter as provided herein, each Borrower party hereto represents and warrants to each Lender and the Administrative Agent that on and
as of the First Amendment Effective Date: 
 (a) it has the power and authority, and the legal right, to make, deliver and
perform this Amendment, and the Credit Agreement as amended by this Amendment, and has taken all necessary organizational action to authorize the execution, delivery and performance of this Amendment, and the Credit Agreement as amended by this
Amendment; 
 (b) no material approval, consent or authorization of, filing with, notice to or other act by or in respect of,
any Governmental Authority or any other Person is required in connection with the transactions contemplated hereby or with the execution, delivery, performance, validity or enforceability of this Amendment, and the Credit Agreement as amended by
this Amendment, except consents, authorizations, filings and notices which have been obtained or made and are in full force and effect; 
 (c) this Amendment has been duly executed and delivered on its behalf and constitutes a legal, valid and binding obligation of such Borrower, enforceable against such Borrower in accordance with its
terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is
sought by proceedings in equity or at law); 
 (d) the execution, delivery and performance of this Amendment and the
transactions contemplated hereby will not violate any Requirement of Law or any material Contractual Obligation of any Group Member and will not result in, or require, the creation or imposition of any Lien on any of their respective properties or
revenues pursuant to any Requirement of Law or any such material Contractual Obligation (other than the Liens created by the Security Documents); 
 (e) no Group Member is in default under or with respect to any of its Contractual Obligations in any respect that could reasonably be expected to have a Material Adverse Effect and no Default or Event of
Default has occurred and is continuing or will result from the consummation of the transactions contemplated by this Amendment; and 
 (f) each of the representations and warranties contained in Section 3 of the Credit Agreement as amended by this Amendment, are and will be true and correct in all material respects on and as of the
First Amendment Effective Date as if made on and as of such date, except to the extent such representations and warranties specifically relate to an earlier date, in which case such representations and warranties were true and correct in all
material respects on and as of such earlier date; provided that, in each case, such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof.

  
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 Section 4.02. Loan Parties. 

In order to induce Lenders to enter into this Amendment and to amend the Credit Agreement in the manner provided herein and to consent to
the Consent Letter as provided herein, each Loan Party party hereto represents and warrants to each Lender and the Administrative Agent that on and as of the First Amendment Effective Date: 

(a) it has the power and authority, and the legal right, to make, deliver and perform this Amendment and has taken all necessary
organizational action to authorize the execution, delivery and performance of this Amendment; 
 (b) no material approval,
consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person, with respect to itself, is required in connection with the transactions contemplated hereby or with its execution,
delivery or performance, or the validity or enforceability of this Amendment with respect to itself, except consents, authorizations, filings and notices which have been obtained or made and are in full force and effect; 

(c) this Amendment has been duly executed and delivered on its behalf and constitutes a legal, valid and binding obligation of such Loan
Party, enforceable against such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights
generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law); 
 (d) the
execution, delivery and performance of this Amendment and the transactions contemplated hereby will not violate any Requirement of Law or any material Contractual Obligation of such Loan Party and will not result in, or require, the creation or
imposition of any Lien on any of their respective properties or revenues pursuant to any Requirement of Law or any such material Contractual Obligation on such Loan Party or the assets of such Loan Party (other than the Liens created by the Security
Documents); and 
 (e) it is not in default under or with respect to any of its Contractual Obligations in any respect that
could reasonably be expected to have a Material Adverse Effect and no Default or Event of Default has occurred with respect to itself that is continuing or will result from the consummation of the transactions contemplated by this Amendment.

 SECTION 5 
 ACKNOWLEDGMENT AND CONSENT 
 (a) Each Guarantor hereby
(i) acknowledges it has reviewed the terms and provisions of the Credit Agreement and this Amendment and consents to the amendment of the Credit Agreement effected pursuant to this Amendment and (ii) confirms that each Loan Document to
which it is a party or otherwise bound and all Collateral encumbered thereby will continue to guarantee or secure, as the case may be, to the fullest extent possible in accordance with the Loan Documents the payment and performance of all
“Obligations” under each of the Loan Documents to which is a party (in each case as such terms are defined in the applicable Loan Document). 
 (b) Each Guarantor hereby acknowledges and agrees that any Loan Document to which it is a party or otherwise bound shall continue in full force and effect and that all of its obligations thereunder shall
be valid and enforceable and shall not be impaired or limited by the execution or effectiveness of this Amendment. 

  
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 (c) Each Guarantor acknowledges and agrees that (i) notwithstanding the conditions to
effectiveness set forth in this Amendment, such Guarantor is not required by the terms of the Credit Agreement or any other Loan Document to consent to the amendments to the Credit Agreement effected pursuant to this Amendment and (ii) nothing
in the Credit Agreement, this Amendment or any other Loan Document shall be deemed to require the consent of such Guarantor to any future amendments to the Credit Agreement. 
 SECTION 6 
 MISCELLANEOUS 

Section 6.01. Counterparts. 
 This Amendment may be executed by one or more of the parties to this Amendment on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the
same instrument. Delivery of an executed signature page of this Amendment by facsimile or other electronic transmission (including, without limitation, “.pdf” format) shall be effective as delivery of a manually executed counterpart
hereof. A set of the copies of this Amendment signed by all the parties shall be lodged with the Administrative Agent. 

Section 6.02. Headings. 
 Section headings used herein are for convenience of reference only, are not part of this Amendment and shall not affect the construction of, or be taken into consideration in interpreting, this Amendment.

 Section 6.03. GOVERNING LAW. 
 THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

 Section 6.04. WAIVERS OF JURY TRIAL. 

EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS
AMENDMENT AND FOR ANY COUNTERCLAIM THEREIN. 
 Section 6.05. Severability of Provisions. 

Any provision of this Amendment that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to
the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other
jurisdiction. 

  
 11 

 Section 6.06. Continuing Effect. 

(a) Except as expressly amended hereby, the Credit Agreement shall continue in full force and effect in accordance with the provisions
thereof and the Credit Agreement is in all respects hereby ratified, confirmed and preserved. 
 (b) On and after the First
Amendment Effective Date, each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof,” “herein” or words of like import referring to the Credit Agreement, and each reference in the other
Loan Documents to the “Credit Agreement,” “thereunder,” “thereof,” “therein” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement as amended by this
Amendment. 
 (c) The execution, delivery and performance of this Amendment shall not constitute a waiver of any provision of,
or operate as a waiver of any right, power or remedy of any Agent or Lender under, the Credit Agreement or any of the other Loan Documents. 
 (d) This Amendment is a “Loan Document” for all purposes under the Credit Agreement and each other Loan Document. 
 [Signature pages follow] 

  
 12 

 IN WITNESS WHEREOF, the parties below have caused this Amendment to be duly executed and
delivered by their proper and duly authorized officers as of the day and year first above written. 
  

			
	AVG HOLDING COÖPERATIEF U.A.
		
	By:	 	/s/ G.Y. Rolobes
		 	Name: Mr. G.Y. Rolobes
		 	Title: Manager Regal of Private Equity Services (Amsterdam) B.V.

  

			
	AVG TECHNOLOGIES N.V.
		
	By:	 	/s/ John Little
		 	Name: John Little
		 	Title: Managing Director

  

			
	AVG NETHERLANDS B.V.
		
	By:	 	/s/ G.S. Van Gaarsen
		 	Name: G. S. van Gaarsen
		 	Title: Director

  

			
	AVG ECOMMERCE CY LIMITED
		
	By:	 	/s/ Loizos Kounzouris
		 	Name: Loizos Kounzouris
		 	Title: Director

 Signature Page to Amendment No. 1 to Credit Agreement 

 
			
	AVG TECHNOLOGIES CY LIMITED
		
	By:	 	/s/ M. S. van Maersen
		 	Name: M.S. van Maersen
		 	Title: Director

  

			
	AVG TECHNOLOGIES CZ, S.R.O.
		
	By:	 	/s/ Christophe François
		 	Name: Christophe François
		 	Title: Managing Director

  

			
	AVG TECHNOLOGIES UK LIMITED
		
	By:	 	/s/ Christophe François
		 	Name: Christophe François
		 	Title: Managing Director

  

			
	AVG TECHNOLOGIES USA, INC.
		
	By:	 	/s/ Robert Blasman
		 	Name: Robert Blasman
		 	Title: President

 Signature Page to Amendment No. 1 to Credit Agreement 

 
			
	AVG EXPLOIT PREVENTION LABS, INC.
		
	By:	 	/s/ Robert Blasman
		 	Name: Robert Blasman
		 	Title: President

 Signature Page to Amendment No. 1 to Credit Agreement 

 
			
	AVG TECHNOLOGIES GER GMBH
		
	By:	 	/s/ Ursula Rutovitz
		 	Name: Ursula Rutovitz
		 	Title: Managing Director

 Signature Page to Amendment No. 1 to Credit Agreement 

 
			
	
	Oppida Investments Limited,
	as a Lender

  

			
	By:	 	/s/ William Mansfield
		 	Name: William Mansfield
		 	Title: Officer

 For Lenders requiring a 
 second signature block: 
  

			
	By:	 	 
		 	Name:
		 	Title:

 Signature Page to Amendment No. 1 to Credit AgreementSublease Agreement

 EXHIBIT 10.5 
 

 

  
 PRINCIPAL CONDITIONS OF LEASE 
  

 
  

					
	Lessor	 	:	  	DPA Nederland B.V.
			
	Lessee	 	:	  	AVG Netherlands B.V. / AVG Technologies N.V.
			
	Commencement of financial year lessee	 	:	  	1 January
			
	Building	 	:	  	Gatwickstraat 9-39, Sloten
			
	Cadastral municipality	 	:	  	Sloten
			
	 Section
	 	:	  	K
			
	 Number
	 	:	  	2748
			
	 Size
	 	:	  	42 are and 65 centiare
			
	Surface area (m2 NSA)	 	:	  	493.9 m2
			
	Lease period (in years)	 	:	  	5 years
			
	Lease commencement date	 	:	  	1 July 2011
			
	End date	 	:	  	30 June 2016
			
	Period of notice for lease (in months)	 	:	  	12 months
			
	Renewal options	 	:	  	After the end of the lease, it will be automatically renewed for a period of one year, six months and 15 days, through 15 January 2018. The lease will then be renewed for
consecutive five-year periods.
			
	Rent for office space	 	:	  	€175 per m2 per year, plus BTW (Dutch VAT)
			
	Rent for parking spaces	 	:	  	€1500 per parking space per year, plus BTW
			
	Service costs	 	:	  	€38.50 per m2 per year, plus BTW
			
	Annual rent	 	:	  	€92,432.50 per year, (including parking), plus BTW
			
	Annual service costs	 	:	  	€19,015.15 per year, plus BTW
			
	Rent subject to turnover tax	 	:	  	yes
			
	Indexation	 	:	  	annually, for the first time on 1 July 2012
			
	Bank Guarantee	 	:	  	€33,155.66 (before 1 July 2011, including BTW)
			
	Manager	 	:	  	Jones Lang LaSalle Property Management B.V.

 N.B. Unless otherwise stated, all prices listed above are exclusive of BTW 

  

					
	 	  	 	2	  
		  

					
	Lease	  	Page 2/8	  	
			
	Lessee’s initials: _________	  	Lessor’s initials: _________	  	

 LEASE FOR OFFICE SPACE AND OTHER COMMERCIAL SPACE WITHIN THE MEANING OF SECTION
7:230A OF THE DUTCH CIVIL CODE1 

Model drawn up by the Council for Real Estate Matters (ROZ) on 30 July 2003. 
 Reference to this model, and use thereof, is permitted exclusively in the event that entered, added or varying text is clearly recognisable as such. Additions or variations should be included under the
heading ‘special provisions’. The ROZ cannot accept any liability for harmful consequences of the use of the text of the model. 

SIGNATORIES: 
 DPA Nederland B.V.
established in Sloten at Gatwickstraat 11, hereinafter to be referred to as: ‘the lessor’, listed in the trade register of the Chamber Of Commerce under dossier number 33227801, represented by Mr O.O. Berten 

and 
 AVG Netherlands B.V. established in
Amsterdam at Claude Debussylaan 46, hereinafter to be referred to as: ‘the lessee’, listed in the trade register of the Chamber of Commerce under dossier number 52839761, turnover tax number NL8506.23.388.B01 represented by Mr H.J. de
Haas. 
 AVG Technologies N.V. established in Amsterdam at Claude Debussylaan 46, hereinafter to be referred to as: ‘the lessee’,
listed in the trade register of the Chamber of Commerce under dossier number 34231583, turnover tax number NL8147.20.857.B01 represented by Mr J. Little. 
 HAVE REACHED AGREEMENT AS FOLLOWS: 
 1 The leased property, the designated use

 1.1 The lessor leases to the lessee, and the lessee leases from the lessor the commercial space of approx. 493.9 m2 NSA,
including a share in the communal space, on the 6th floor
on the left-hand side, and 4 parking spaces in the car park belonging to the building, hereinafter to be referred to as: ‘the leased property’, located in Sloten at Gatwickstraat 9-39, listed in the land registry as Sloten Municipality
section K number 2748, which commercial space is indicated in greater detail on the drawing, initialled by the parties, included with and forming part of this agreement, and a signed completion statement, indicating which systems and other
facilities belong and which do not belong to the leased property, and containing a description of the condition of the leased property, including photos prepared by the parties, as appropriate. 

1.2 The leased property will be used by or on behalf of the lessee solely as office space and parking spaces. 

1.3 The lessee is not permitted, without the lessor’s prior written permission, to give the leased property a different designated use than that
described in 1.2. 
 1.4 The highest permissible load on the floors of the leased property is: 250 kg/m2. 
 2 General Terms and Conditions 
 The ‘GENERAL PROVISIONS FOR LEASE OF OFFICE SPACE
AND OTHER INDUSTRIAL SPACE WITHIN THE MEANING OF SECTION 7:230A OF THE DUTCH CIVIL CODE’, listed with the registry of the court in The Hague on 11 July 2003 and registered there under number 72/2003, hereinafter referred to as the
‘general provisions’, form a part of this lease. The contents of these general provisions are known to the parties. A copy of the general provisions, initialled by the lessor and lessee, is included as an annex to this lease.

 2.2 The general provisions referred to in 2.1 are applicable, except inasmuch as this agreement contains an explicit deviation from them or
their application is not possible with regard to the leased property. 

  

					
	 	  	 	3	  
		  

					
	Lease	  	Page 3/8	  	
			
	Lessee’s initials: _________	  	Lessor’s initials: _________	  	

 2.3 Unless otherwise stipulated below, this lease is subject to the provisions set down in the lease between
Fortress Beheer VI B.V. and DPA Nederland B.V. dated 19 March 2008, for the immoveable property of which the leased property forms a part, hereinafter to be referred to as ‘the principal lease’, an copy of which lease with
accompanying general provisions, authenticated by the parties, is attached to this lease. 
 2.4 Where the principal lease refers to the
‘lessor’ and the ‘lessee’, respectively, this must be read as ‘sublessor’ and ‘sublessee’ respectively in the context of this subletting agreement. 
 3 Duration, renewal and termination 
 3.1 This agreement is entered into for a period of
5 years, commencing on 1 July 2011 and ending on 30 June 2016. 
 3.2 Following the end of the period referred
to in 3.1, this agreement will be renewed for a contiguous period of one year, six months and 15 days, therefore through 15 January 2018. This agreement will then be renewed for contiguous five-year periods. All contiguous leases, including the
first automatic renewal, will never overrun the term of the principal lease between DPA Nederland B.V. and Credit Suisse N.V. 
 3.3
Termination of this lease will take place by notice of termination issued by the lessor or lessee at the end of a lease period, with due observance of a period of notice of at least twelve months. 

3.4 Notice of termination must be given by bailiff’s notification or by registered letter. 
 4 Rent, turnover tax, rent adjustment, payment obligation, payment period 
 4.1 The
commencement rent for the leased property is €92,432.50 per annum, in words ninety-two thousand, four hundred and thirty-two euros and fifty cents. 
 4.2 The parties agree that the lessor will charge turnover tax on the rent. In the event that the parties do not agree on rent subject to turnover tax, the lessee will owe a separate payment to the
lessor to compensate for the loss suffered or to be suffered by the lessor or its legal successor(s) as a result of turnover tax on the investments and operating costs of the lessor or its legal successor(s) not or no longer being deductible.
That stipulated in 19.1 through 19.9 of the general provisions is not applicable in such cases. 
 4.3 In the event that the parties have agreed
on taxed rent, the lessor and lessee make use of the option, on the grounds of Notification 45, decision of 24 March 1999, no. VB 99/571, not to submit a joint option request for turnover-taxed rent. By signing the lease, the lessee declares,
also for the benefit of the lessor’s legal successor(s), that it will continue to use or will ensure the continued use of the leased property for purposes for which a full or virtually full right to deduction of turnover tax exists, on the
grounds of Section 15 of the Turnover Tax Act 1968. The parties make use of the option, on the grounds of Section 1, paragraph 1, letter b, item 5, of the Turnover Tax Act 1968, in conjunction with Section 6a of the Turnover Tax
Implementation Decision 1968, not to submit a joint option request for turnover-taxed rent. By signing the lease, the lessee declares, also for the benefit of the lessor’s legal successor(s), that the lessee will continue to use or will ensure
the continued use of the leased property for purposes for which a full or virtually full right to deduction of turnover tax exists, on the grounds of Section 15 of the Turnover Tax Act 1968. 

4.4 The lessee’s financial year is from 1 January to 31 December. 
 4.5 The rent will be adjusted annually on 1 July, for the first time on July 2012, in accordance with 9.1 through 9.4 of the general provisions, on the understanding that the consumer price index
(CPI) all households series (2000 = 100) referred to in 9.1 will be replaced with the consumer price index (CPI) all households series (2006 = 100). 
 4.6 The payment owed by the lessee for additional supplies and services to be provided by or on behalf of the lessor will be determined in accordance with article 16 of the general provisions. A system of
advance payments with subsequent settlement will apply to these payments, as indicated in the aforementioned article. 

  

					
	 	  	 	4	  
		  

					
	Lease	  	Page 4/8	  	
			
	Lessee’s initials: _________	  	Lessor’s initials: _________	  	

 4.7.1 The lessee’s payment obligation consists of: 

 

	a.	the rent; 

  

	b.	the separate payment referred to in 4.2, if rent subject to turnover tax has not been agreed; 

 

	c.	the turnover tax owed on the rent in the event that the parties have agreed on a rent subject to turnover tax; 

 

	d.	the advance payment for the additional supplies and services to be provided by or on behalf of the lessor, plus the turnover tax owed on them. 

4.7.2 The lessee will no longer owe any turnover tax on the rent if the leased property may no longer be let subject to turnover tax, despite the fact
that the parties had agreed that this would be the case. If this is the case, the payments referred to in 19.3.a of the general provisions will be applicable instead of the turnover tax, and the payment referred to in 19.3.a item I will be
determined at such a time. 
 4.8 At the start of the lease, the following amounts will apply in each payment period of 3 months:

  

					
	 - the rent
	  	€	23,108.12	  
	 - the turnover tax owed on the rent in the event that the parties have agreed a rent subject to turnover tax, or
	  	€	4,390.54	  
	 - the separate payment referred to in 4.2, if rent subject to turnover tax has not been agreed;
	  			
	 - the advance payment for the additional supplies and services to be provided by or on behalf of the lessor, plus the turnover
tax owed on them.
	  	€	5,657	  
		  	 	------------+	  
	 total
	  	€	33,155.66	  
	 in words: thirty-three thousand one hundred and fifty-five euros and sixty-six cents.
	  			

 All the amounts referred to in this article are the price level on 1 July 2011. 

4.9 In view of the date of commencement of the lease and the rent-free period described in Article 8.5, the lessee’s first
payment will pertain to the period from 1 July 2011 through 30 September 2011, and the amount owed for this period is €5,657. This amount includes turnover tax, also with regard to the turnover tax on the rent, but only if the
lessee owes turnover tax on the rent. The lessee will pay the amount owed in full on or before 1 July 2011. 
 4.10 The periodic
payments to be made by the lessee to the lessor by virtue of this lease, as indicated in 4.8, will be paid as a single payment in advance, in euros, and must have been paid in full on or before the first day of the period to which the payments
relate. 
 4.11 Payment by the lessee of the periodic payments to be made as shown in 4.8 will take place by means of
billing. The lessor will send the lessee an invoice at least fifteen days before the start of the new payment period. The lessee will transfer the payments on or before the first day of the period to which the payments relate to the lessor,
account number 498954676, account holder DPA Beheer B.V. of Sloten. The payment will be made with due observance of the rules applicable to the payment obligation of the lessee included in the general provisions forming part of the lease.
 
 4.12 Unless otherwise indicated, all amounts in this lease and in the provisions forming a part thereof are exclusive of turnover tax.

 5 Deliveries and services 

5.1 The service costs are €38.50 per m2 per year, plus BTW. The service costs must be paid on an advance payment basis. Settlement will
take place on an annual basis, on the basis of the actual costs. The parties agree that the lessor will provide the following deliveries and services: 
  

	 	•	 	 the supply of gas, water and electricity, and measurement of their consumption; 

  

					
	 	  	 	5	  
		  

					
	Lease	  	Page 5/8	  	
			
	Lessee’s initials: _________	  	Lessor’s initials: _________	  	

	 	•	 	 the ownership, repair, remedying of faults, inspection, etc., of systems such as doors, security systems, lifts, fire alarms, lightning conductors,
air conditioning systems, window washing systems, safety systems; 

  

	 	•	 	 monitoring the general areas by means of an alarm system; 

 

	 	•	 	 cleaning and keeping clean the general/ communal areas, etc.; 

 

	 	•	 	 glass insurance; 

  

	 	•	 	 signs in general areas; 

  

	 	•	 	 garden maintenance; 

  

	 	•	 	 lighting in general areas; 

  

	 	•	 	 use of the company canteen (lessee must enter into a contract with the catering company in the context of food and drink);

  

	 	•	 	 use of the central reception; 

  

	 	•	 	 including the costs for management and administration of these deliveries and services, which are set at 5%; 

6 Bank Guarantee 
 6.1 The amount of the
bank guarantee (which is attached as an annex to this agreement) referred to in 12.1 of the general provisions is hereby agreed between the parties at €33,155.66.  
 In words: thirty-three thousand one hundred and fifty-five euros and sixty-six cents. 
 7
Manager 
 7.1 Until the landlord states otherwise, the following will act as manager: Jones Lang LaSalle Property Management B.V., Weena
270, 3012 NJ, Rotterdam. 
 7.2 Unless otherwise agreed in writing, the lessee will consult with DPA Nederland B.V. with regard to the content
of and all further matters relating to this lease. Notification of breakdowns, etc., must at all times take place via DPA Nederland B.V. 

Extraordinary provisions 
 8
Departures from and/or supplements to the general provisions 
 8.1 
 Supplementary to Article 3 of the general provisions, the following shortcomings do not form a failure within the meaning of Article 3 of the general provisions and Section 7:204 paragraph 2 of the
Dutch Civil Code: 
  

	 	•	 	 shortcomings in or as a consequence of modifications made by the lessee; 

 

	 	•	 	 shortcomings that are recorded in the completion statement; 

 8.2 
 The final sentence of Article 16.3 of the general provisions will lapse. 

8.3 Level of fitting-out 
 The office
space is delivered in its current state, sufficiently known to the parties, among other things fitted with: 
  

	 	•	 	 carpet; 

  

	 	•	 	 current partition walls; 

  

	 	•	 	 kitchen; 

  

	 	•	 	 prestigious entrance; 

  

	 	•	 	 restaurant; 

 The lessor will place a partition wall to partition off the unit. The lessor will create an entrance to the floor, as it did for Corins B.V. on the
7th floor, which is sufficiently known to the parties and
as indicated on the enclosed measurements certificate. This work on the entrance will not be ready on the commencement date of the lease. The lessor will endeavour to complete work on the entrance as quickly as possible, and this will in any event
take place before 31 July 2011. 

  

					
	 	  	 	6	  
		  

					
	Lease	  	Page 6/8	  	
			
	Lessee’s initials: _________	  	Lessor’s initials: _________	  	

 8.4 Transfer at the end of the lease 
 The lessee may leave the space in the condition the space was in at the start of the lease, including the entrance still to be fitted out, in accordance with the transfer report. However, the space must
be transferred empty and cleared of all goods of the lessee, such as furniture. The lessee will ensure that any damage to the leased property is remedied, with the exception of normal wear and tear. 

8.5 Rent-free period 
 The lessee is
entitled to a rent-free period of 14 months, distributed evenly across the lease period: 
 From: 

1 July 2011 through 30 September 2011 (3 months) 
 1 July 2012 through 30 September 2012 (3 months) 
 1 July 2013 through
30 September 2013 (3 months) 
 1 July 2014 through 30 September 2014 (3 months) 

1 July 2015 through 31 August 2015 (2 months) 
 The rent-free period relates to a floor area of 493.9 m2 NSA office space located on the sixth floor, including a share of the general space, and four parking spaces in the car park belonging to the
building. During this rent-free period, the lessee will owe service costs plus BTW. 
 8.6 Key transfer 

The lessee will obtain the key to the leased property at the moment the leases are signed, the bank guarantee has been made available, the first payment
of rent has been made and the transfer of the property has taken place. As of the moment of the key transfer, however, the lessee will owe service costs to the lessor. 
 8.7 Subletting 
 The lessee will be entitled to sublet, after obtaining the written
permission of the lessor (DPA Nederland B.V.) and the principal lessor (Credit Suisse N.V.). The sublessee must meet the requirements set by the lessor and the principal lessor in terms of professional probity and solvency. The lessor and the
principal lessor will not refuse their permission for subletting on unreasonable grounds. Any sublease to be entered into must end at least two months before the end date of the principal lease. 

8.8 Break option 
 The lessee has a
one-off right to terminate the lease after a period of 3 years, and therefore on 1 July 2014, with due observance of a period of notice of 12 months. 
 8.9 Additional parking spaces 
 Additional parking spaces are available on a flexible
basis. These parking spaces can be terminated by the lessor or lessee, with a period of notice of 2 months. 
 8.10 Fire Brigade requirements

 The lessor guarantees that the leased property will comply with the applicable fire regulations at the time of transfer. The lessee must
apply for the usage permit. 
 8.11 Modifications to the leased property 
 The lessee has the option to modify the leased property. This requires the written approval of the lessor, which will not delay or refuse its approval on unreasonable grounds. 

8.12 Access to the leased property 
 The
lessee will have access to the leased property 24 hours per day, 7 days per week. 
 8.13 Name sign 

The lessee is entitled to place name signs at the locations indicated, inside and outside the building. The property manager will place the name signs,
in order to ensure conformity with those of the other lessees. 

  

					
	 	  	 	7	  
		  

					
	Lease	  	Page 7/8	  	
			
	Lessee’s initials: _________	  	Lessor’s initials: _________	  	

 The locations indicated are: 

 

	 	•	 	 The lobby of the building. 

  

	 	•	 	 The lifts of the building. 

  

	 	•	 	 The entrance to the lessee’s floor. 

 8.14 Right to register multiple entities 
 The lessee has the right to register multiple
entities affiliated to the lessee in the registers, at the address of the leased property. 
 9 Transfer of rights and obligations

 9.1 The lessee enters into the obligation to cooperate in a future transfer by the lessor of its rights and obligations ensuing from this
agreement to a party which has a comparable professional reputation as a lessor. 
 10 Choice of forum and law 

10.1 Any disputes arising from this agreement or from agreements related to it will be put exclusively before the competent Dutch court, and will be
subject to Dutch law. 
 Thus drawn up and signed in triplicate. 

 

					
	AMSTERDAM, June 2011	 		 	AMSTERDAM, June 2011
		 		 	
	 Lessor:
 DPA Nederland
B.V.
	 		 	 Lessees:
 AVG Netherlands
B.V.

			
	/s/ Olav O. Berten	 		 	/s/ Hubertus Johannes De Haas
	Mr O.O. Berten	 		 	Mr H.J. De Haas
		 		 	
		 		 	AVG Technologies N.V.
			
	 	 		 	/s/ John Little
		 		 	Mr J. Little

 Annexes: 
  

	 	1.	General provisions 

  

	 	2.	Bank Guarantee 

  

	 	3.	Drawing of the leased property; 

  

	 	4.	Chamber of Commerce extract lessee 

  

	 	5.	Copy of ID lessee 

  

	 	6.	Completion statement 

 Separate signature of the
lessee for receipt of its own copy of the 
 ‘GENERAL PROVICIONS FOR LEASE FOR OFFICE SPACE AND OTHER INDUSTRIAL SPACE
WITHIN THE MEANING OF SECTION 7:230 A OF THE DUTCH CIVIL CODE’ as referred to in 2.1. 
 Mr H.J. De Haas 

Mr J. Little 

  

					
	 	  	 	8	  
		  

					
	Lease	  	Page 8/8	  	
			
	Lessee’s initials: _________	  	Lessor’s initials: _________

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