Document:

Credit Agreement, dated may 20, 2008

 Exhibit 10.1 
 Execution Copy 
  
  
  
 CREDIT AGREEMENT 
 Dated as of May 30, 2008 
 among

 TRX, INC., 
 as Borrower

 and 
 ATLANTIC CAPITAL
BANK, 
 as Lender 
  
  
  

 TABLE OF CONTENTS 
  

					
	ARTICLE I. DEFINITIONS AND ACCOUNTING TERMS	  	1
			
	1.01	  	Defined Terms	  	1
	1.02	  	Other Interpretive Provisions	  	20
	1.03	  	Accounting Terms	  	20
	1.04	  	Rounding	  	21
	1.05	  	Times of Day	  	21
	1.06	  	Letter of Credit Amounts	  	21
		
	ARTICLE II. THE COMMITMENT AND CREDIT EXTENSIONS	  	21
			
	2.01	  	Loans	  	21
	2.02	  	Borrowings and Conversions of Loans	  	21
	2.03	  	Letters of Credit	  	22
	2.04	  	Prepayments	  	28
	2.05	  	Termination or Reduction of Commitment	  	28
	2.06	  	Repayment of Loans	  	28
	2.07	  	Interest	  	28
	2.08	  	Fees	  	29
	2.09	  	Computation of Interest and Fees	  	29
	2.10	  	Evidence of Debt	  	29
	2.11	  	Payments Generally	  	30
		
	ARTICLE III. SECURITY	  	30
			
	3.01	  	Security	  	30
	3.02	  	Further Assurances	  	30
	3.03	  	Information Regarding Collateral	  	31
		
	ARTICLE IV. TAXES, YIELD PROTECTION AND ILLEGALITY	  	31
			
	4.01	  	Taxes	  	31
	4.02	  	Illegality	  	32
	4.03	  	Inability to Determine LIBOR	  	33
	4.04	  	Increased Costs	  	33
	4.05	  	Mitigation Obligations	  	34
	4.06	  	Survival	  	34
		
	ARTICLE V. CONDITIONS PRECEDENT TO CREDIT EXTENSIONS	  	34
			
	5.01	  	Initial Conditions Precedent	  	34
	5.02	  	Conditions to all Credit Extensions	  	37
		
	ARTICLE VI. REPRESENTATIONS AND WARRANTIES	  	38
			
	6.01	  	Existence, Qualification and Power; Compliance with Laws	  	38
	6.02	  	Authorization; No Contravention	  	38
	6.03	  	Governmental Authorization; Other Consents	  	38
	6.04	  	Binding Effect	  	38

  

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	6.05	  	Financial Statements; No Material Adverse Effect	  	38
	6.06	  	Litigation	  	39
	6.07	  	No Default	  	39
	6.08	  	Ownership of Property; Liens	  	39
	6.09	  	Environmental Compliance	  	39
	6.10	  	Insurance	  	39
	6.11	  	Taxes	  	40
	6.12	  	ERISA Compliance; Labor Relations	  	40
	6.13	  	Subsidiaries; Equity Interests and Other Investments	  	41
	6.14	  	Margin Regulations; Investment Company Act; Public Utility Holding Company Act	  	41
	6.15	  	Disclosure	  	41
	6.16	  	Compliance with Laws	  	42
	6.17	  	Intellectual Property; Licenses, Etc.	  	42
	6.18	  	Material Agreements	  	42
	6.19	  	Collateral	  	42
	6.20	  	Owned and Leased Real Property	  	43
	6.21	  	Senior Debt	  	43
	6.22	  	Insolvency	  	43
	6.23	  	OFAC	  	43
	6.24	  	Patriot Act	  	43
	6.25	  	Security Interest and Liens	  	44
		
	ARTICLE VII. AFFIRMATIVE COVENANTS	  	44
			
	7.01	  	Financial Statements	  	44
	7.02	  	Certificates; Other Information	  	45
	7.03	  	Notices	  	46
	7.04	  	Payment of Obligations	  	46
	7.05	  	Preservation of Existence, Etc.	  	47
	7.06	  	Maintenance of Properties	  	47
	7.07	  	Maintenance of Insurance	  	47
	7.08	  	Compliance with Laws	  	47
	7.09	  	Books and Records	  	48
	7.10	  	Inspection Rights	  	48
	7.11	  	Use of Proceeds	  	48
	7.12	  	New Subsidiaries and Pledgors	  	48
	7.13	  	Deposit Accounts and Treasury Management Arrangements	  	51
		
	ARTICLE VIII. NEGATIVE COVENANTS	  	51
			
	8.01	  	Liens	  	51
	8.02	  	Investments	  	52
	8.03	  	Indebtedness	  	53
	8.04	  	Fundamental Changes	  	54
	8.05	  	Dispositions	  	54
	8.06	  	Restricted Payments	  	55
	8.07	  	Change in Nature of Business, Fiscal Year, Accounting Practices	  	55
	8.08	  	Transactions with Affiliates	  	55

  

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	8.09	  	Burdensome Agreements	  	56
	8.10	  	Use of Proceeds	  	56
	8.11	  	Payment of Subordinated Indebtedness	  	56
	8.12	  	Modifications to Subordinated Indebtedness	  	56
	8.13	  	Financial Covenants	  	56
	8.14	  	Capital Expenditures	  	56
	8.15	  	Acquisitions	  	57
		
	ARTICLE IX. EVENTS OF DEFAULT AND REMEDIES	  	57
			
	9.01	  	Events of Default	  	57
	9.02	  	Remedies Upon Event of Default	  	59
	9.03	  	Application of Funds	  	60
		
	ARTICLE X. MISCELLANEOUS	  	60
			
	10.01	  	Amendments; Etc.	  	60
	10.02	  	Notices, Effectiveness; Electronic Communication	  	60
	10.03	  	No Waiver; Cumulative Remedies	  	61
	10.04	  	Expenses; Indemnity; Damage Waiver	  	61
	10.05	  	Payments Set Aside	  	63
	10.06	  	Successors and Assigns	  	63
	10.07	  	Confidentiality	  	65
	10.08	  	Right of Setoff	  	65
	10.09	  	Interest Rate Limitation	  	66
	10.10	  	Counterparts; Integration; Effectiveness	  	66
	10.11	  	Survival of Representations and Warranties	  	66
	10.12	  	Severability	  	66
	10.13	  	Governing Law; Jury Trial Waiver	  	67
	10.14	  	USA PATRIOT Act Notice	  	67
	10.15	  	Time of the Essence	  	67

  

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 SCHEDULES 
  

			
	3.03	  	Collateral Information
	6.05	  	Supplement to Interim Financial Statements
	6.13	  	Subsidiaries; Other Investments
	6.17	  	Intellectual Property
	6.18	  	Material Agreements
	6.20(a)	  	Owned Real Property
	6.20(b)	  	Leased Real Property
	8.01	  	Existing Liens
	8.02	  	Existing Investments
	8.03	  	Existing Indebtedness
	10.02	  	Lending Office, Addresses for Notices

 EXHIBITS 
  

			
		  	Form of
		
	A	  	Loan Notice
	B	  	Compliance Certificate
	C	  	Opinion of McKenna Long & Aldridge LLP

  

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 CREDIT AGREEMENT 
 This CREDIT AGREEMENT is entered into as of May 30, 2008, by and between TRX, INC., a Georgia corporation (the “Borrower”), and ATLANTIC CAPITAL BANK, as Lender (the
“Lender”). 
 WHEREAS, the Lender desires to make available to the Borrower a revolving credit facility in the amount of
$10,000,000, which will include a $2,000,000 letter of credit subfacility, on the terms and conditions contained herein. 
 NOW, THEREFORE,
for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties hereto, the parties hereto agree as follows: 
 ARTICLE I. 
 DEFINITIONS AND ACCOUNTING TERMS 
 1.01 Defined Terms. As used in this Agreement, the following terms shall have the meanings set forth below: 
 “Acquisition” means the acquisition of (a) a controlling equity or other ownership interest in another Person (including the
purchase of an option, warrant or convertible or similar type security to acquire such a controlling interest at the time it becomes exercisable by the holder thereof), whether by purchase of such equity or other ownership interest or upon exercise
of an option or warrant for, or conversion of securities into, such equity or other ownership interest, or (b) assets of another Person which constitute all or substantially all of the assets of such Person or of a line or lines of business
conducted by such Person. 
 “Affiliate” means, with respect to any Person, another Person that directly, or indirectly
through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. 
 “Agreement” means this Credit Agreement. 
 “Applicable Rate” means a per annum rate equal to:
(a) with respect to Base Rate Loans, 0.50%; (b) with respect to LIBOR Loans and Letters of Credit, 2.50%; and (c) with respect to the commitment fee, 0.50%. 
 “Approved Fund” means any Fund that is administered or managed by (a) the Lender, (b) an Affiliate of the Lender or
(c) an entity or an Affiliate of an entity that administers or manages the Lender. 
 “Atlantic Capital Bank” means
Atlantic Capital Bank or any successor thereof. 
 “Attributable Indebtedness” means, on any date, (a) in respect of
any Capital Lease of any Person, the capitalized amount thereof that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP, and (b) in respect of any Synthetic Lease Obligation, the capitalized amount
of the remaining lease payments under the relevant lease that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP if such lease were accounted for as a Capital Lease. 

 “Audited Financial Statements” means the audited consolidated balance sheet of the
Borrower and its Subsidiaries for the fiscal year ended December 31, 2007, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal year of the Borrower and its Subsidiaries,
including the notes thereto. 
 “Availability Period” means the period from and including the Closing Date to the earlier of
(a) the Maturity Date and (b) the date of termination of the Commitment. 
 “Base Rate” means the per annum rate
of interest equal to the Prime Rate. Any change in the Base Rate resulting from a change in the Prime Rate shall become effective as of 12:01 a.m. on the Business Day on which each such change occurs. 
 “Base Rate Loan” means a Loan that bears interest based on the Base Rate. 
 “BCD” means BCD Holdings N.V., a corporation organized under the laws of the Netherlands Antilles. 
 “Borrower” has the meaning specified in the introductory paragraph hereto. 
 “Business Day” means any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close under the Laws
of, or are in fact closed in, the state where the Lending Office is located and, if such day relates to any LIBOR Loan, means any such day on which dealings in Dollar deposits are conducted by and between banks in the London interbank eurodollar
market. 
 “Capital Expenditures” means for any period the sum of (without duplication) (a) all expenditures (whether
paid in cash or accrued as liabilities) by the Borrower and its Subsidiaries during such period for items that are capitalized that would be classified as “property, plant or equipment” or comparable items on the consolidated balance sheet
of the Borrower and its Subsidiaries, including without limitation all transactional costs incurred in connection with such expenditures provided the same have been capitalized, and (b) all expenditures (whether paid in cash or accrued as
liabilities) by the Borrower and its Subsidiaries during such period for the cost of developing computer software that are capitalized on the consolidated balance sheet of the Borrower and its Subsidiaries. 
 “Capital Leases” means any lease which have been or should be capitalized in accordance with GAAP as in effect from time to time
including Statement No. 13 of the Financial Accounting Standards Board and any successor thereof. 
 “Cash
Collateralize” has the meaning specified in Section 2.03(f). 
 “Change in Law” means the occurrence,
after the date of this Agreement, of any of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation or
application thereof by any Governmental Authority or (c) the making or issuance of any request, guideline or directive (whether or not having the force of law) by any Governmental Authority. 
  

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 “Change of Control” means an event or series of events by which: 
 (a) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, but excluding
(i) any member of the Existing Control Group (as defined below) and (ii) any employee benefit plan of such person or its subsidiaries, and any person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of
any such plan) becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Securities Exchange Act of 1934, except that a person or group shall be deemed to have “beneficial ownership” of all securities that
such person or group has the right to acquire (such right, an “option right”), whether such right is exercisable immediately or only after the passage of time), directly or indirectly, of 25% or more of the Voting Equity Interests
of the Borrower on a fully-diluted basis (and taking into account all such Equity Interests that such person or group has the right to acquire pursuant to any option right); 
 (b) any individual(s) or entity(s) acting in concert (other than any member of the Existing Control Group) shall have acquired by contract or otherwise,
or shall have entered into a contract or arrangement that, upon consummation thereof, will result in its or their acquisition of the power to exercise, directly or indirectly, a controlling influence over the management or policies of the Borrower,
or control over the Voting Equity Interests of the Borrower on a fully-diluted basis (and taking into account all such Equity Interests that such individual(s) or entity(s) or group has the right to acquire pursuant to any option right) representing
25% or more of the combined voting power of all such Equity Interests; or 
 (c) John A. Fentener van Vlissingen (the “Controlling
Shareholder”), his Family (as defined below) and/or a Family Trust (as defined below) shall fail to collectively own, directly or indirectly, at least 40% of the Voting Equity Interests of the Borrower on a combined basis. 
 As in this definition, (i) “Existing Control Group” means the Controlling Shareholder, his Family, any Family Trust and any Person which is
Controlled individually or collectively by the foregoing and in which the Controlling Shareholder, his Family or any Family Trust, individually or collectively own, directly or indirectly, at least 51% of the Voting Equity Interests on a full
diluted basis, (ii) “Family” means the descendants and blood relatives to the second degree of consanguinity of the Controlling Shareholder, and (iii) “Family Trust” means any trust for the exclusive
benefit of the Controlling Shareholder or his Family, so long as the Controlling Shareholder has the exclusive right to Control such trust. 
 “Closing Date” means the first date all the conditions precedent in Section 5.01 are satisfied or waived by the Lender in accordance with Section 10.01. 
 “Code” means the Internal Revenue Code of 1986. 
 “Collateral” means, collectively, all real and personal property (other than Equity Interests in Subsidiaries to the extent such Equity Interests are not Pledged Interests) now owned or hereafter
acquired by any Grantor and any other property of any Person in which the Lender is granted a Lien under any Security Instrument as security for all or any portion of the Obligations. 
  

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 “Commitment” means the obligation of the Lender to make Loans and L/C Credit Extensions
hereunder in an aggregate principal amount at any one time not to exceed $10,000,000, as such amount may be adjusted from time to time in accordance with this Agreement. 
 “Compliance Certificate” means a certificate substantially in the form of Exhibit B. 
 “Consolidated Assets” means the assets of the Borrower and its Subsidiaries, on a consolidated basis. 
 “Consolidated EBITDA” means, for any period, for the Borrower and its Subsidiaries on a consolidated basis, an amount equal to Consolidated Net Income for such period plus (a) the following to the extent
deducted in calculating such Consolidated Net Income: (i) Consolidated Interest Charges for such period, (ii) the provision for Federal, state, local and foreign income taxes payable by the Borrower and its Subsidiaries for such period,
(iii) depreciation and amortization expense, (iv) other non-recurring expenses of the Borrower and its Subsidiaries reducing such Consolidated Net Income which do not represent a cash item in such period or any future period and
(v) all non-cash items decreasing Consolidated Net Income for such period, minus (b) the following to the extent included in calculating such Consolidated Net Income: (i) Federal, state, local and foreign income tax credits of
the Borrower and its Subsidiaries for such period, (ii) all non-cash items increasing Consolidated Net Income for such period, and (iii) the amount of any cash expenditures made during such period related to non-recurring expenses included
pursuant to item (a)(iv) above in computing Consolidated EBITDA during any prior period. 
 “Consolidated Fixed Charge Coverage
Ratio” means, with respect to the Borrower and its Subsidiaries for any Measurement Period, the ratio of (a) the remainder of (i) Consolidated EBITDA for such Measurement Period minus (ii) Non-Financed Capital
Expenditures during such Measurement Period to (b) Consolidated Fixed Charges. 
 “Consolidated Fixed Charges”
means, for any Measurement Period, the sum of (a) the principal amount of Indebtedness (including the principal portion of any Attributable Indebtedness and excluding any Obligations under the Loan Documents) of the Borrower and its
Subsidiaries that is required to be paid during the 12-month period immediately following such Measurement Period and (b) Consolidated Interest Charges that are paid or required to be paid during such Measurement Period. 
 “Consolidated Funded Indebtedness” means, as of any date of determination, for the Borrower and its Subsidiaries on a consolidated
basis, the sum (without duplication) of (a) the outstanding principal amount of all obligations, whether current or long-term, for borrowed money (including Obligations hereunder (including, without limitation, all L/C Obligations)) and all
obligations evidenced by bonds, debentures, notes, loan agreements or other similar instruments, (b) all purchase money Indebtedness, (c) all direct obligations arising under letters of credit (including standby and commercial),
bankers’ acceptances, bank guaranties, surety bonds and similar instruments, (d) all obligations in respect of the deferred purchase price of property or services, (e) Attributable Indebtedness in respect of Capital Leases and
Synthetic Lease Obligations, (f) without duplication, all Guarantees with respect to outstanding Indebtedness of the types specified in clauses (a) through (e) above of Persons other than the 

  

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Borrower or any Subsidiary, and (g) all Indebtedness of the types referred to in clauses (a) through (f) above of any partnership or joint
venture (other than a joint venture that is itself a corporation or limited liability company) in which the Borrower or a Subsidiary is a general partner or joint venturer, unless such Indebtedness is expressly made non-recourse to the Borrower or
such Subsidiary. Notwithstanding the foregoing, “Consolidated Funded Indebtedness” shall not include trade accounts payable in the ordinary course of business. 
 “Consolidated Interest Charges” means, for any period, for the Borrower and its Subsidiaries on a consolidated basis, the sum of (a) all interest, premium payments, debt discount, fees, charges
and related expenses of the Borrower and its Subsidiaries in connection with borrowed money (including capitalized interest) or in connection with the deferred purchase price of assets, in each case to the extent treated as interest in accordance
with GAAP, (b) the portion of rent expense of the Borrower and its Subsidiaries with respect to such period under Capital Leases that is treated as interest in accordance with GAAP, and (c) the portion of rent expense of the Borrower and
its Subsidiaries with respect to such period under Synthetic Lease Obligations that would be treated as interest in accordance with GAAP were such obligations accounted for as Capital Leases. 
 “Consolidated Net Income” means, for any period, for the Borrower and its Subsidiaries on a consolidated basis, the net income of the
Borrower and its Subsidiaries (excluding extraordinary gains but including extraordinary losses) for that period. 
 “Consolidated
Senior Leverage Ratio” means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness (including the Obligations and excluding any portion of Subordinated Indebtedness that by its terms or by the terms of any
instrument or agreement relating thereto does not mature on demand or within one year from the date of determination) as of such date to (b) Consolidated EBITDA for the Measurement Period most recently ended. Notwithstanding the
foregoing, for the purpose of computing the Consolidated EBITDA shall include the results of operations of the Person or assets so acquired on Pro Forma Basis to the extent information in sufficient detail concerning the historical results of such
Person or assets so acquired is reasonably available. 
 “Contractual Obligation” means, as to any Person, any provision of
any security issued by such Person or of any agreement, instrument or other undertaking to which such Person is a party or by which it or any of its property is bound. 
 “Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power,
by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto. 
 “Cost of
Acquisition” means, with respect to any Acquisition, as at the date of entering into any agreement therefor, the sum of the following (without duplication): (i) the value of the Equity Interests of the Borrower or any Subsidiary to be
transferred in connection therewith, (ii) the amount of any cash and fair market value of other property (excluding property described in clause (i) and the unpaid principal amount of any debt instrument) given as consideration,
(iii) the amount (determined by using the face amount or the amount payable at maturity, 

  

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whichever is greater) of any Indebtedness incurred, assumed or acquired by the Borrower or any Subsidiary in connection with such Acquisition, (iv) all
additional purchase price amounts in the form of earnouts and other contingent obligations that should be recorded on the financial statements of the Borrower and its Subsidiaries in accordance with GAAP, and (v) the aggregate fair market value
of all other consideration given by the Borrower or any Subsidiary in connection with such Acquisition. For purposes of determining the Cost of Acquisition for any transaction, (A) the Equity Interests of the Borrower shall be valued
(I) in the case of any Equity Interests then designated as a national market system security by the National Association of Securities Dealers, Inc. (“NASDAQ”) or listed on a national securities exchange, the average of the
last reported bid and ask quotations or the last prices reported thereon, and (II) with respect to any other Equity Interests, as determined by the Board of Directors of the Borrower and, if requested by the Lender, determined to be a
reasonable valuation by the independent public accountants referred to in Section 7.01(a), (B) the Equity Interests of any Subsidiary shall be valued as determined by the Board of Directors of such Subsidiary and, if requested by
the Lender, determined to be a reasonable valuation by the independent certified public accountants referred to in Section 7.01(a), and (C) with respect to any Acquisition accomplished pursuant to the exercise of options or warrants
or the conversion of securities, the Cost of Acquisition shall include both the cost of acquiring such option, warrant or convertible security as well as the cost of exercise or shall include both the cost of acquiring such option, warrant or
convertible security as well as the cost of exercise or conversion. 
 “Credit Extension” means each of the following:
(a) a borrowing of a Loan and (b) an L/C Credit Extension. 
 “Debtor Relief Laws” means the Bankruptcy Code of
the United States, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other
applicable jurisdictions from time to time in effect and affecting the rights of creditors generally. 
 “Default” means any
event or condition that constitutes an Event of Default or that, with the giving of any notice, the passage of time, or both, would be an Event of Default. 
 “Default Rate” means (a) when used with respect to Obligations other than Letter of Credit Fees, an interest rate equal to (i) the Base Rate plus (ii) the Applicable Rate
applicable to Base Rate Loans plus (iii) 2% per annum; provided, however, that with respect to a LIBOR Loan, the Default Rate shall be an interest rate equal to the interest rate (including any Applicable Rate)
otherwise applicable to such Loan plus 2% per annum, and (b) when used with respect to Letter of Credit Fees, a rate equal to the Applicable Rate plus 2% per annum, in all cases to the fullest extent permitted by applicable Laws.

 “Direct Foreign Subsidiary” means any Subsidiary that is not a Domestic Subsidiary if Equity Interests representing more
than 50% of either the aggregate ordinary voting power or the aggregate equity value represented by the issued and outstanding Equity Interests of such Person are owned by the Borrower, a Domestic Subsidiary or any combination thereof. 

 

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 “Disposition” or “Dispose” means the sale, transfer, license, lease or
other disposition (including any sale and leaseback transaction) of any property by any Person, including any sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts receivable or any rights and claims
associated therewith. 
 “Dollar” and “$” mean lawful money of the United States. 
 “Domestic Subsidiary” means any Subsidiary that is organized under the laws of any political subdivision of the United States.

 “Eligible Assignee” means (a) an Affiliate of the Lender; (b) an Approved Fund; and (c) any other Person
(other than a natural person) approved by the Borrower (such approval not to be unreasonably withheld or delayed); provided that no such approval shall be required if an Event of Default has occurred and is continuing. 
 “Eligible Securities” means the following obligations and any other obligations previously approved in writing by the Lender:

 (a) Government Securities; 
 (b) obligations of any corporation organized under the laws of any state of the United States payable in the United States, expressed to mature not later than 180 days following the date of issuance thereof and rated A or A-2 or better by
S&P or Moody’s; and 
 (c) non-interest bearing demand deposits and interest bearing demand or time deposits or certificates of
deposit maturing within one year from the date of issuance, in each case either issued by a Lender or by a commercial bank or trust company organized under the laws of the United States or of any state thereof having capital surplus and undivided
profits aggregating at least $500,000,000 and being rated “A” or better by S&P or “A” or better by Moody’s. 
 “Environmental Laws” means any and all Federal, state, local, and foreign statutes, laws, regulations, ordinances, rules, judgments, orders, decrees, permits, concessions, grants, franchises, licenses, agreements or
governmental restrictions relating to pollution and the protection of the environment or the release of any materials into the environment, including those related to hazardous substances or wastes, air emissions and discharges to waste or public
systems. 
 “Environmental Liability” means any liability, contingent or otherwise (including any liability for damages,
costs of environmental remediation, fines, penalties or indemnities), of the Borrower, any other Loan Party or any of their respective Subsidiaries directly or indirectly resulting from or based upon (a) violation of any Environmental Law,
(b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the
environment or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 
  

 -7- 

 “Equity Interests” means, with respect to any Person, all of the shares of capital stock
of (or other ownership or profit interests in) such Person, all of the warrants, options or other rights for the purchase or acquisition from such Person of shares of capital stock of (or other ownership or profit interests in) such Person, all of
the securities convertible into or exchangeable for shares of capital stock of (or other ownership or profit interests in) such Person or warrants, rights or options for the purchase or acquisition from such Person of such shares (or such other
interests), and all of the other ownership or profit interests in such Person (including partnership, member or trust interests therein), whether voting or nonvoting, and whether or not such shares, warrants, options, rights or other interests are
outstanding on any date of determination. 
 “ERISA” means the Employee Retirement Income Security Act of 1974. 

“ERISA Affiliate” means any trade or business (whether or not incorporated) under common control with the Borrower within the meaning
of Section 414(b) or (c) of the Code (and Sections 414(m) and (o) of the Code for purposes of provisions relating to Section 412 of the Code). 
 “ERISA Event” means (a) a Reportable Event with respect to a Pension Plan; (b) a withdrawal by the Borrower or any ERISA Affiliate from a Pension Plan subject to Section 4063 of ERISA
during a plan year in which it was a substantial employer (as defined in Section 4001(a)(2) of ERISA) or a cessation of operations that is treated as such a withdrawal under Section 4062(e) of ERISA; (c) a complete or partial
withdrawal by the Borrower or any ERISA Affiliate from a Multiemployer Plan or notification that a Multiemployer Plan is in reorganization; (d) the filing of a notice of intent to terminate, the treatment of a Plan amendment as a termination
under Sections 4041 or 4041A of ERISA, or the commencement of proceedings by the PBGC to terminate a Pension Plan or Multiemployer Plan; (e) an event or condition which constitutes grounds under Section 4042 of ERISA for the termination
of, or the appointment of a trustee to administer, any Pension Plan or Multiemployer Plan; or (f) the imposition of any liability under Title IV of ERISA, other than for PBGC premiums due but not delinquent under Section 4007 of ERISA,
upon the Borrower or any ERISA Affiliate. 
 “Event of Default” has the meaning specified in Section 9.01.

 “Excluded Taxes” means, with respect to the Lender or any other recipient of any payment to be made by or on account of
any obligation of the Borrower hereunder, (a) taxes imposed on or measured by its overall net income (however denominated), and franchise taxes imposed on it (in lieu of net income taxes), by the jurisdiction (or any political subdivision
thereof) under the laws of which such recipient is organized or in which its principal office is located, and (b) any branch profits taxes imposed by the United States or any similar tax imposed by any other jurisdiction in which the Borrower
is located. 
 “Facility Termination Date” means the date as of which all of the following shall have occurred: (a) the
Borrower shall have permanently terminated the credit facilities under the Loan Documents by final payment in full of all Outstanding Amounts, together with all accrued and unpaid interest and fees thereon, other than (i) the undrawn portion of
Letters of Credit and (ii) all letter of credit fees relating thereto accruing after such date (which fees shall be payable solely for the account of the Lender and shall be computed (based on interest rates and the Applicable Rate then in
effect) on such undrawn amounts to the respective expiry dates of the 

  

 -8- 

 
Letters of Credit), in each case as have been fully Cash Collateralized or as to which other arrangements with respect thereto satisfactory to the Lender
shall have been made; (b) all Commitments shall have terminated or expired; (c) the obligations and liabilities of the Borrower and each other Loan Party under all Related Credit Arrangements shall have been fully, finally and irrevocably
paid and satisfied in full and the Related Credit Arrangements shall have expired or been terminated, or other arrangements satisfactory to the counterparties shall have been made with respect thereto; and (d) the Borrower and each other Loan
Party shall have fully, finally and irrevocably paid and satisfied in full all other Obligations (except for obligations consisting of continuing indemnities and other contingent Obligations of the Borrower or any Loan Party that may be owing to the
Lender and each of its Related Parties pursuant to the Loan Documents and expressly survive termination of the Credit Agreement or any other Loan Document). 
 “Federal Funds Rate” means, for any day, the rate per annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by
Federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that (a) if such day is not a Business Day, the Federal Funds Rate for such day shall be such
rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (b) if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the
average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to the Lender on such day on such transactions as determined by the Lender. 
 “FRB” means the Board of Governors of the Federal Reserve System of the United States. 
 “Fund” means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its
business. 
 “GAAP” means generally accepted accounting principles in the United States set forth in the opinions and
pronouncements of the Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or such other principles as may be approved by a significant
segment of the accounting profession in the United States, that are applicable to the circumstances as of the date of determination, consistently applied. 
 “Government Securities” means direct obligations of, or obligations the timely payment of principal and interest on which are fully and unconditionally guaranteed by, the United States or any agency
or instrumentality thereof so long as such obligations are rated A or A-2 or better by S&P and Moody’s, respectively. 
 “Governmental Authority” means the government of the United States or any other nation, or of any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court,
central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central
Bank). 
  

 -9- 

 “Grantor” has the meaning specified in Section 3.03. 
 “Guarantee” means, as to any Person, (a) any obligation, contingent or otherwise, of such Person guaranteeing or having the
economic effect of guaranteeing any Indebtedness or other obligation payable or performable by another Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of such Person, direct or
indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation, (ii) to purchase or lease property, securities or services for the purpose of assuring the obligee in
respect of such Indebtedness or other obligation of the payment or performance of such Indebtedness or other obligation, (iii) to maintain working capital, equity capital or any other financial statement condition or liquidity or level of
income or cash flow of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation, or (iv) entered into for the purpose of assuring in any other manner the obligee in respect of such Indebtedness or
other obligation of the payment or performance thereof or to protect such obligee against loss in respect thereof (in whole or in part), or (b) any Lien on any assets of such Person securing any Indebtedness or other obligation of any other
Person, whether or not such Indebtedness or other obligation is assumed by such Person (or any right, contingent or otherwise, of any holder of such Indebtedness to obtain any such Lien). The amount of any Guarantee shall be deemed to be an amount
equal to the stated or determinable amount of the related primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as
determined by the guaranteeing Person in good faith. The term “Guarantee” as a verb has a corresponding meaning. 
 “Guarantors” means, collectively, all Domestic Subsidiaries of the Borrower as of the Closing Date and each other Person that from time to time becomes a party to the Guaranty (including by execution of a Guaranty
Joinder Agreement). 
 “Guaranty” means the Guaranty dated as of the date hereof, made by the Guarantors in favor of
the Lender. 
 “Guaranty Joinder Agreement” means each Guaranty Joinder Agreement, substantially in the form thereof
attached to the Guaranty, executed and delivered by a Subsidiary to the Lender pursuant to Section 7.12 or otherwise. 
 “Hazardous Materials” means all explosive or radioactive substances or wastes and all hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos-containing
materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or wastes of any nature regulated pursuant to any Environmental Law. 
 “Hi-Mark” means Hi-Mark, LLC, a Delaware limited liability company. 
 “Hi-Mark Acquisition” means the acquisition by the Borrower of substantially all of the assets of Hi-Mark on the terms set forth in the
Hi-Mark Asset Purchase Agreement (without any amendment to, or waiver of, any of the material terms or conditions thereof not approved by the Lender). 
  

 -10- 

 “Hi-Mark Asset Purchase Agreement” means the Asset Purchase Agreement dated as of
December 7, 2006, among the Borrower, Hi-Mark, Hi-Mark Travel Systems, Inc., Integrated Profitmark Corporation, LLC, Kevin Austin, Diane Austin and Charles Bradsher. 
 “Hi-Mark Note” means the Promissory Note from the Borrower to Hi-Mark in an original aggregate principal amount of $7,000,000, which
promissory note shall be in form and substance acceptable to the Lender. 
 “Hi-Mark Subordination Agreement” means an
Intercreditor and Subordination Agreement dated as of the date of the Hi-Mark Note between Hi-Mark and the Lender, which agreement shall be in form and substance acceptable to the Lender. 
 “Honor Date” has the meaning specified in Section 2.03(c)(i). 
 “Indebtedness” means, as to any Person at a particular time, without duplication, all of the following, whether or not included as
indebtedness or liabilities in accordance with GAAP: 
 (a) all obligations of such Person for borrowed money and all
obligations of such Person evidenced by bonds, debentures, notes, loan agreements or other similar instruments; 
 (b) all
direct or contingent obligations of such Person arising under letters of credit (including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments; 
 (c) net obligations of such Person under any Swap Contract; 
 (d) all obligations of such Person to pay the deferred purchase price of property or services (other than trade accounts payable in the
ordinary course of business and, in each case, not past due for more than 90 days after the date on which such trade account payable was created); 
 (e) indebtedness (excluding prepaid interest thereon) secured by a Lien on property owned or being purchased by such Person (including indebtedness arising under conditional sales or other title retention agreements),
whether or not such indebtedness shall have been assumed by such Person or is limited in recourse; 
 (f) Capital Leases and
Synthetic Lease Obligations; 
 (g) all obligations of such Person to purchase, redeem, retire, defease or otherwise make any
payment in respect of any Equity Interest in such Person or any other Person, valued, in the case of a redeemable preferred interest, at the greater of its voluntary or involuntary liquidation preference plus accrued and unpaid dividends; and

 (h) all Guarantees of such Person in respect of any of the foregoing. 
  

 -11- 

 For all purposes hereof, the Indebtedness of any Person shall include the Indebtedness of any partnership
or joint venture (other than a joint venture that is itself a corporation or limited liability company) in which such Person is a general partner or a joint venturer, unless such Indebtedness is expressly made non-recourse to such Person. The amount
of any net obligation under any Swap Contract on any date shall be deemed to be the Swap Termination Value thereof as of such date. The amount of any Capital Lease or Synthetic Lease Obligation as of any date shall be deemed to be the amount of
Attributable Indebtedness in respect thereof as of such date. 
 “Indemnified Taxes” means Taxes other than Excluded Taxes.

 “Indemnitees” has the meaning specified in Section 10.04(b). 
 “Intellectual Property” means trademarks and service marks (whether registered or unregistered) and trade names, patents (including any
continuations, continuations in part, renewals and applications for any of the foregoing), copyrights (including any registrations and applications therefor and whether registered or unregistered), computer programs, including any and all software
implementations of algorithms, models and methodologies, whether in source code or object code, databases, including any and all collections of data, whether machine readable or otherwise (but excluding off-the-shelf software or software subject to
shrink-wrap or click-wrap licenses), original works of authorship, mask works, technology, trade secrets, know how, proprietary processes, formulae, algorithms, models, user interfaces, inventions, discoveries, concepts, ideas, techniques, methods,
source codes, object codes, methodologies and, with respect to all of the foregoing, related confidential data or information and any licenses of the foregoing. 
 “Interest Payment Date” means, as to any Loan, the last Business Day of each month and the Maturity Date. 
 “Investment” means, as to any Person, any direct or indirect acquisition or investment by such Person, whether by means of (a) the purchase or other acquisition of capital stock or other
securities of another Person, (b) a loan, advance or capital contribution to, Guarantee or assumption of debt of, or purchase or other acquisition of any other debt or equity participation or interest in, another Person, including any
partnership or joint venture interest in such other Person and any arrangement pursuant to which the investor Guarantees Indebtedness of such other Person, or (c) the purchase or other acquisition (in one transaction or a series of
transactions) of assets of another Person that constitute a business unit of such Person or all or substantially all of the assets of such Person. For purposes of covenant compliance, the amount of any Investment shall be the amount actually
invested, without adjustment for subsequent increases or decreases in the value of such Investment. 
 “IRS” means the
United States Internal Revenue Service. 
 “ISP” means, with respect to any Letter of Credit, the “International
Standby Practices 1998” published by the Institute of International Banking Law & Practice (or such later version thereof as may be in effect at the time of issuance). 
 “Issuer Documents” means with respect to any Letter of Credit Application, the Letter of Credit Application and any other document,
agreement and instrument entered into by the Lender and the Borrower (or any Subsidiary) or in favor of the Lender and relating to any such Letter of Credit. 
  

 -12- 

 “Laws” means, collectively, all international, foreign, Federal, state and local
statutes, treaties, rules, guidelines, regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement,
interpretation or administration thereof, and all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in each case whether or not having the force of
law. 
 “L/C Credit Extension” means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry
date thereof, or the increase of the amount thereof. 
 “L/C Obligations” means, as at any date of determination, the
aggregate amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of
Credit shall be determined in accordance with Section 1.06. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the
operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn. 
 “Lending Office” means the office or offices of the Lender described as such on Schedule 10.02, or such other office or offices as the Lender may from time to time notify the Borrower.

 “Letter of Credit” means any standby letter of credit issued hereunder and shall include the Existing Letters of Credit.

 “Letter of Credit Application” means an application and agreement for the issuance or amendment of a Letter of Credit in
the form from time to time in use by the Lender. 
 “Letter of Credit Expiration Date” means the day that is seven days
prior to the Maturity Date then in effect (or, if such day is not a Business Day, the next preceding Business Day). 
 “Letter of
Credit Fee” has the meaning specified in Section 2.03(h). 
 “Letter of Credit Sublimit” means an
amount equal to $2,000,000. The Letter of Credit Sublimit is part of, and not in addition to, the Commitment. 
 “LIBOR”
means, on any day, the rate per annum (rounded upward, if necessary, to the next 1/16th of 1%) equal to the British Bankers Association London interbank offered rate for (“BBA LIBOR”) for one-month dollar deposits, as published by Reuters
(or other commercially available source providing quotations of BBA LIBOR as designated by Atlantic Capital Bank from time to time) at approximately 11:00 a.m., London time, on the first London business day of each calendar month (or if such day is
not a London business day, on the immediately preceding London business day). If such rate is not available at such time for any reason, then 

  

 -13- 

 
“LIBOR” on such day shall be the rate per annum determined by Atlantic Capital Bank to be the rate at which one-month dollar deposits on the first
London Business Day of each calendar month would be offered by a major financial institution’s London branch to major banks in the London interbank eurodollar market at their request at approximately 11:00 a.m. (London time) as of the first
London business day of each month. 
 “LIBOR Loan” means a Loan that bears interest at a rate based on LIBOR. 
 “Lien” means any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), charge, or
preference, priority or other security interest or preferential arrangement in the nature of a security interest of any kind or nature whatsoever (including any conditional sale or other title retention agreement, any easement, right of way or other
encumbrance on title to real property, and any financing lease having substantially the same economic effect as any of the foregoing). 
 “Loan” has the meaning specified in Section 2.01. 
 “Loan Documents” means this
Agreement, the Note, the Security Instruments, each Issuer Document and the Guaranty. 
 “Loan Notice” means a notice of
(a) a borrowing of a Loan or (b) a conversion of a Loan from one Type to the other, pursuant to Section 2.02(a), which, if in writing, shall be substantially in the form of Exhibit A. 
 “Loan Parties” means, collectively, the Borrower and the Guarantors. 
 “Material Adverse Effect” means (a) a material adverse change in, or a material adverse effect upon, the operations, business,
properties, liabilities (actual or contingent), condition (financial or otherwise) or prospects of the Borrower or any Subsidiary; (b) a material impairment of the ability of any Loan Party to perform its material obligations under any Loan
Document to which it is a party; or (c) a material adverse effect upon the legality, validity, binding effect or enforceability against any Loan Party of any Loan Document to which it is a party. 
 “Material Agreements” has the meaning specified in Section 6.18. 
 “Material Direct Foreign Subsidiary” means a Direct Foreign Subsidiary as to which either (a) 10% or more of Consolidated Assets or
(b) 10% of Consolidated EBITDA during any fiscal year of the Borrower is, directly or indirectly, attributable. 
 “Maturity
Date” means May 31, 2011. 
 “Measurement Period” means, with respect to any date, the most recently
ended four consecutive fiscal quarter period of the Borrower for which financial statements have been or were required to have been delivered to the Lender pursuant to Section 7.01(a) or Section 7.01(b) on or prior to such
date. 
 “Moody’s” means Moody’s Investors Service, Inc. and any successor thereto. 
  

 -14- 

 “Multiemployer Plan” means any employee benefit plan of the type described in
Section 4001(a)(3) of ERISA, to which the Borrower or any ERISA Affiliate makes or is obligated to make contributions, or during the preceding five plan years, has made or been obligated to make contributions. 
 “Non-Financed Capital Expenditure” means a Capital Expenditure except to the extent paid for with the proceeds of casualty insurance, by
a landlord or Indebtedness described in Section 8.03(b) or Section 8.03(e). 
 “Note” means the
promissory note dated as of the date hereof made by the Borrower in favor of the Lender evidencing Loans made by the Lender, and any other promissory note now or hereafter evidencing any Loans under this Agreement. 
 “Obligations” means all advances to, and debts, liabilities, obligations, covenants and duties of, any Loan Party arising under any Loan
Document or otherwise with respect to any Loan or Letter of Credit or any Related Credit Arrangement, whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter
arising and including interest and fees that accrue after the commencement by or against any Loan Party or any Affiliate thereof of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of
whether such interest and fees are allowed claims in such proceeding. 
 “Organization Documents” means, (a) with
respect to any corporation, the certificate or articles of incorporation and the bylaws (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability company, the
certificate or articles of formation or organization and operating agreement; and (c) with respect to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture or other applicable agreement of
formation or organization and any agreement, instrument, filing or notice with respect thereto filed in connection with its formation or organization with the applicable Governmental Authority in the jurisdiction of its formation or organization
and, if applicable, any certificate or articles of formation or organization of such entity. 
 “Other Taxes” means all
present or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies arising from any payment made hereunder or under any other Loan Document or from the execution, delivery or enforcement of, or otherwise
with respect to, this Agreement or any other Loan Document. 
 “Outstanding Amount” means (i) with respect to Loans on
any date, the aggregate outstanding principal amount thereof after giving effect to any borrowings and prepayments or repayments of Loans occurring on such date; and (ii) with respect to any L/C Obligations on any date, the amount of such L/C
Obligations on such date after giving effect to any L/C Credit Extension occurring on such date and any other changes in the aggregate amount of the L/C Obligations as of such date, including as a result of any reimbursements by the Borrower of
Unreimbursed Amounts. 
 “Participant” has the meaning specified in Section 10.06(c). 
  

 -15- 

 “PBGC” means the Pension Benefit Guaranty Corporation. 
 “Pension Plan” means any “employee pension benefit plan” (as such term is defined in Section 3(2) of ERISA), other than a
Multiemployer Plan, that is subject to Title IV of ERISA and is sponsored or maintained by the Borrower or any ERISA Affiliate or to which the Borrower or any ERISA Affiliate contributes or has an obligation to contribute, or in the case of a
multiple employer or other plan described in Section 4064(a) of ERISA, has made contributions at any time during the immediately preceding five plan years. 
 “Permitted Lien” has the meaning specified in Section 8.01. 
 “Permitted Parent Subordinated Indebtedness” means Indebtedness of the Borrower to BCD that is subordinated to the Obligations in a manner acceptable to Lender in its sole discretion and satisfies the following terms and
conditions: (i) no portion of such Indebtedness shall be required to be paid, whether by stated maturity, mandatory or scheduled prepayment or redemption or otherwise, prior to the date which is at least 160 days after the Maturity Date;
(ii) the documents, instruments and other agreements pursuant to which such Indebtedness shall be issued or outstanding shall contain only such covenants, defaults and events of default acceptable to the Lender in its sole discretion;
(iii) no Liens or security interests on or in the assets or properties of any Loan Party shall be granted (or arise at any time) to secure the repayment of such Indebtedness; and (iv) such Indebtedness shall not be Guaranteed by any Loan
Party. 
 “Person” means any natural person, corporation, limited liability company, trust, joint venture, association,
company, partnership, Governmental Authority or other entity. 
 “Plan” means any “employee benefit plan” (as such
term is defined in Section 3(3) of ERISA) established by the Borrower or, with respect to any such plan that is subject to Section 412 of the Code or Title IV of ERISA, any ERISA Affiliate. 
 “Pledge Agreement” means the Securities Pledge Agreement dated as of even date herewith, among the Borrower, certain Guarantors and the
Lender for the benefit of itself and the other Secured Parties. 
 “Pledge Agreement Supplement” means each Pledge Agreement
Supplement, substantially in the form thereof attached to the Pledge Agreement. 
 “Pledge Joinder Agreement” means each
Pledge Joinder Agreement, substantially in the form thereof attached to the Pledge Agreement, executed and delivered by a Guarantor or any other Person to the Lender pursuant to Section 7.12 or otherwise. 
 “Pledged Equity Interests” means, collectively, (a) 100% of the Equity Interests owned by each Loan Party in each Person that is a
Domestic Subsidiary on the Closing Date, (b) 100% of the Equity Interests owned by each Loan Party (or any Person that is required to become a Loan Party) in each Person that is a Domestic Subsidiary and is formed or acquired after the Closing
Date, (c) 66% of all Voting Equity Interests of each Person that is a Material Direct Foreign Subsidiary on the Closing Date (or, if less, 100% of the Voting Equity Interests of such Subsidiary owned by any Loan Party) and 100% of all other
Equity Interests of such Subsidiary owned by any Loan Party, and (d) 66% of all Voting Equity Interests owned by each Loan Party 

  

 -16- 

 
(or any Person that is required to become a Loan Party) in each Person that is a Material Direct Foreign Subsidiary and is formed or acquired after the
Closing Date (or, if less, 100% of the Voting Equity Interests of such Subsidiary owned by any Loan Party or such Person required to become a Loan Party) and 100% of all other Equity Interests of such Subsidiary owned by any Loan Party or such
Person required to become a Loan Party. 
 “Prime Rate” means the rate of interest per annum announced publicly by Atlantic
Capital Bank as its “Prime Rate” from time to time. The Prime Rate is not necessarily the best or lowest rate of interest offered by Atlantic Capital Bank. 
 “Related Credit Arrangement” means, collectively, any Related Swap Contracts and any Related Treasury Management Arrangements. 
 “Related Parties” means, with respect to any Person, such Person’s Affiliates and the partners, directors, officers, employees,
agents and advisors of such Person and of such Person’s Affiliates. 
 “Related Swap Contracts” means all Swap
Contracts which are entered into or maintained with the Lender or an Affiliate of the Lender. 
 “Related Treasury Management
Arrangement” means all arrangements for the delivery of treasury management services to or for the benefit of any Loan Party which are entered into or maintained with the Lender or an Affiliate of the Lender. 
 “Reportable Event” means any of the events set forth in Section 4043(c) of ERISA, other than events for which the 30 day notice
period has been waived. 
 “Request for Credit Extension” means (a) with respect to a borrowing or conversion of a
Loan, a Loan Notice, and (b) with respect to an L/C Credit Extension, a Letter of Credit Application. 
 “Responsible
Officer” means the chief executive officer, president, chief financial officer, treasurer or assistant treasurer of a Loan Party. Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively
presumed to have been authorized by all necessary corporate, partnership and/or other action on the part of such Loan Party and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party. 
 “Restricted Payment” means any dividend or other distribution (whether in cash, securities or other property) with respect to any
capital stock or other Equity Interest of the Borrower or any Subsidiary, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition,
cancellation or termination of any such capital stock or other Equity Interest, or on account of any return of capital to the Borrower’s stockholders, partners or members (or the equivalent Person thereof). 
 “S&P” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc. and any successor
thereto. 
  

 -17- 

 “SEC” means the Securities and Exchange Commission, or any Governmental Authority
succeeding to any of its principal functions. 
 “Secured Parties” means, collectively, the Lender and each Affiliate of the
Lender that is a party to any Related Credit Arrangement. 
 “Security Agreement” means the Security Agreement dated as of
even date herewith, by the Borrower and one or more of the Guarantors to the Lender for the benefit of itself and the other Secured Parties. 
 “Security Instruments” means, collectively or individually as the context may indicate, the Pledge Agreement (including the Pledge Joinder Agreements and the Pledge Agreement Supplements), the Security Agreement (including
the Security Joinder Agreements), and all other agreements (including control agreements), instruments and other documents, whether now existing or hereafter in effect, pursuant to which the Borrower or any Subsidiary or other Person shall grant or
convey to the Lender a Lien in, or any other Person shall acknowledge any such Lien in, property as security for all or any portion of the Obligations. 
 “Security Joinder Agreement” means each Security Joinder Agreement, substantially in the form thereof attached to the Security Agreement, executed and delivered by a Guarantor or any other Person to
the Lender pursuant to Section 7.12 or otherwise. 
 “Subordinated Indebtedness” means (a) any Permitted
Parent Subordinated Indebtedness, (b) so long as the Hi-Mark Subordination Agreement is in effect, the Hi-Mark Note, and (c) any other Indebtedness that is subordinated to the Obligations in a manner acceptable to Lender in its sole
discretion. 
 “Subordination Agreement” means, collectively, (a) the Hi-Mark Subordination Agreement, and
(b) each other agreement now or hereafter in effect that subordinates the payment and performance of any Indebtedness (including any Permitted Parent Subordinated Indebtedness) to the Obligations, including any such provisions contained within
the instrument or agreement evidencing such Indebtedness. 
 “Subsidiary” of a Person means a corporation, partnership,
joint venture, limited liability company or other business entity of which a majority of the shares of securities or other interests having ordinary voting power for the election of directors or other governing body (other than securities or
interests having such power only by reason of the happening of a contingency) are at the time beneficially owned, or the management of which is otherwise controlled, directly, or indirectly through one or more intermediaries, or both, by such
Person. Unless otherwise specified, all references herein to a “Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary or Subsidiaries of the Borrower. 
 “SunGard Access Agreement” means that certain Access Agreement dated as of the date hereof, among the Lender, the Borrower and SunGard
Availability Services LP. 
 “SunGard Agreement” means that certain Data Network Exchange Facility Services Agreement
effective as of January 31, 2001, between the Borrower and SunGard Availability Services LP, as amended from time to time. 
  

 -18- 

 “Swap Contract” means (a) any and all rate swap transactions, basis swaps, credit
derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or
forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot
contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and
(b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any
International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master
Agreement. 
 “Swap Termination Value” means, in respect of any one or more Swap Contracts, after taking into account the
effect of any legally enforceable netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and termination value(s) determined in accordance therewith, such termination
value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the mark-to-market value(s) for such Swap Contracts, as determined based upon one or more mid-market or other readily available quotations
provided by any recognized dealer in such Swap Contracts (which may include the Lender or any Affiliate of the Lender). 
 “Synthetic
Lease Obligation” means the monetary obligation of a Person under (a) a so-called synthetic, off-balance sheet or tax retention lease, or (b) an agreement for the use or possession of property creating obligations that do not
appear on the balance sheet of such Person but which, upon the insolvency or bankruptcy of such Person, would be characterized as the indebtedness of such Person (without regard to accounting treatment). 
 “Taxes” means all present or future taxes, levies, imposts, duties, deductions, withholdings, assessments, fees or other charges imposed
by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 
 “Total
Outstandings” means the aggregate Outstanding Amount of all Loans and all L/C Obligations. 
 “Type” means, with
respect to a Loan, its character as a Base Rate Loan or a LIBOR Loan. 
 “Unfunded Pension Liability” means the excess of a
Pension Plan’s benefit liabilities under Section 4001(a)(16) of ERISA, over the current value of that Pension Plan’s assets, determined in accordance with the assumptions used for funding the Pension Plan pursuant to Section 412
of the Code for the applicable plan year. 
 “United States” and “U.S.” mean the United States of America.

  

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 “Unreimbursed Amount” has the meaning specified in Section 2.03(c)(i).

 “Voting Equity Interests” means, with respect to any Person, the Equity Interests entitled to vote for members of the
board of directors or equivalent governing body of such Person. 
 1.02 Other Interpretive Provisions. With reference to this
Agreement and each other Loan Document, unless otherwise specified herein or in such other Loan Document: 
 (a) The definitions of terms
herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,” “includes”
and “including” shall be deemed to be followed by the phrase “without limitation.” The word “will” shall be construed to have the same meaning and effect as the word “shall.” Unless the context requires
otherwise, (i) any definition of or reference to any agreement, instrument or other document (including any Organization Document) shall be construed as referring to such agreement, instrument or other document as from time to time amended,
supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein or in any other Loan Document), (ii) any reference herein to any Person shall be construed to include such
Person’s successors and assigns, (iii) the words “herein,” “hereof” and “hereunder,” and words of similar import when used in any Loan Document, shall be construed to refer to such Loan Document in its
entirety and not to any particular provision thereof, (iv) all references in a Loan Document to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, the Loan Document
in which such references appear, (v) any reference to any law shall include all statutory and regulatory provisions consolidating, amending replacing or interpreting such law and any reference to any law or regulation shall, unless otherwise
specified, refer to such law or regulation as amended, modified or supplemented from time to time, and (vi) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all
tangible and intangible assets and properties, including cash, securities, accounts and contract rights. 
 (b) In the computation of periods
of time from a specified date to a later specified date, the word “from” means “from and including;” the words “to” and “until” each mean “to but excluding;” and
the word “through” means “to and including.” 
 (c) Section headings herein and in the other Loan Documents
are included for convenience of reference only and shall not affect the interpretation of this Agreement or any other Loan Document. 
 1.03 Accounting Terms. (a) Generally. All accounting terms not specifically or completely defined herein shall be construed in conformity with, and all financial data (including financial ratios and other financial
calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity with, GAAP applied on a consistent basis, as in effect from time to time, applied in a manner consistent with that used in preparing the Audited
Financial Statements, except as otherwise specifically prescribed herein. 
  

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 (b) Changes in GAAP. If at any time any change in GAAP would affect the computation of any
financial ratio or requirement set forth in any Loan Document, and either the Borrower or the Lender shall so request, the Lender and the Borrower shall negotiate in good faith to amend such ratio or requirement to preserve the original intent
thereof in light of such change in GAAP (subject to the approval of the Lender), provided that, until so amended, (i) such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein and (ii) the
Borrower shall provide to the Lender financial statements and other documents required under this Agreement or as reasonably requested hereunder setting forth a reconciliation between calculations of such ratio or requirement made before and after
giving effect to such change in GAAP. 
 1.04 Rounding. Any financial ratios required to be maintained by the Borrower pursuant to
this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding the result up or down to the
nearest number (with a rounding-up if there is no nearest number). 
 1.05 Times of Day. Unless otherwise specified, all references
herein to times of day shall be references to Eastern time (daylight or standard, as applicable). 
 1.06 Letter of Credit Amounts.
Unless otherwise specified, all references herein to the amount of a Letter of Credit at any time shall be deemed to mean the maximum face amount of such Letter of Credit after giving effect to all increases thereof contemplated by such Letter of
Credit or the Issuer Documents related thereto, whether or not such maximum face amount is in effect at such time. 
 ARTICLE II.

 THE COMMITMENT AND CREDIT EXTENSIONS 
 2.01 Loans. Subject to the terms and conditions set forth herein, the Lender agrees to make loans (each such loan, a “Loan”) to the Borrower from time to time, on any Business Day during the
Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of the Commitment; provided, however, that after giving effect to any borrowing, the Total Outstandings shall not exceed the Commitment. The
source of any Loan or Letter of Credit shall not constitute a “benefit plan investor” within the meaning of Section 3(42) of ERISA. Within the limits of the Commitment, and subject to the other terms and conditions hereof, the
Borrower may borrow under this Section 2.01, prepay under Section 2.04, and reborrow under this Section 2.01. A Loan may be a Base Rate Loan or a LIBOR Loan, as further provided herein. 
 2.02 Borrowings and Conversions of Loans. 
 (a) Each borrowing and each conversion of a Loan from one Type to the other shall be made upon the Borrower’s irrevocable notice to the Lender, which may be given by telephone. Each such notice must be received by the Lender not later
than 1:00 p.m. (i) three Business Days prior to the requested date of any borrowing of, conversion to, a LIBOR Loan or of any conversion of a LIBOR Loan to a Base Rate Loan, and (ii) on the requested date of any 
  

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borrowing of a Base Rate Loan. Notwithstanding anything to the contrary contained herein, but subject to the provisions of Section 10.02(d), any
such telephonic notice may be given by an individual who has been authorized in writing to do so by a Responsible Officer of the Borrower. Each such telephonic notice must be confirmed promptly by delivery to the Lender of a written Loan Notice,
appropriately completed and signed by a Responsible Officer of the Borrower. Each borrowing of or conversion to a LIBOR Loan shall be in a principal amount of $100,000 or a whole multiple of $100,000 in excess thereof. Except as provided in
Section 2.03(c), each borrowing of or conversion to a Base Rate Loan shall be in a principal amount of $100,000 or a whole multiple of $100,000 in excess thereof. Each Loan Notice (whether telephonic or written) shall specify
(i) whether the Borrower is requesting a borrowing or a conversion of a Loan from one Type to the other, (ii) the requested date of the borrowing or conversion, as the case may be (which shall be a Business Day), (iii) the principal
amount of the Loan to be borrowed, converted or continued and (iv) the Type of Loan to be borrowed or to which an existing Loan is to be converted. If the Borrower fails to specify a Type of Loan in a Loan Notice or if the Borrower fails to
give a timely notice requesting a conversion, then the applicable Loan shall be made as, or converted to, a Base Rate Loan. Any such automatic conversion to a Base Rate Loan shall be effective as of the last day of the Interest Period then in effect
with respect to the applicable LIBOR Loan. 
 (b) Upon satisfaction of the applicable conditions set forth in Section 5.02 (and,
if a borrowing is the initial Credit Extension, Section 5.01), the Lender shall make the proceeds of each Loan available to the Borrower either by (i) crediting the account of the Borrower on the books of the Lender with the amount
of such proceeds or (ii) wire transfer of such proceeds, in each case in accordance with instructions provided to (and reasonably acceptable to) the Lender by the Borrower; provided, however, that if on the date of the Loan Notice
with respect to such borrowing is given, there are drawings under Letters of Credit that have not been reimbursed by the Borrower, then the proceeds of such borrowing shall be applied, first, to the payment in full of any such unreimbursed
drawings, and second, to the Borrower as provided above. 
 (c) During the existence of a Default, no Loan may be requested as,
converted to or continued as LIBOR Loans without the consent of the Lender. 
 (d) The Lender shall promptly notify the Borrower of the
interest rate applicable to any Interest Period for a LIBOR Loan upon determination of such interest rate. The determination of the LIBOR by the Lender shall be conclusive in the absence of manifest error. At any time that a Base Rate Loan is
outstanding, the Lender shall notify the Borrower of any change in the Lender’s prime rate used in determining the Base Rate promptly following the public announcement of such change. 
 2.03 Letters of Credit. 
 (a) The
Letter of Credit Commitment. 
 (i) Subject to the terms and conditions set forth herein, the Lender agrees (A) from time
to time on any Business Day during the period from the Closing Date until the Letter of Credit Expiration Date, to issue Letters of Credit for the account of the Borrower or its Subsidiaries, and to amend or extend Letters of Credit previously
issued 

  

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by it, in accordance with subsection (b) below, and (B) to honor drawings under the Letters of Credit; provided that after giving effect to
any L/C Credit Extension with respect to any Letter of Credit, (y) the Total Outstandings shall not exceed the Commitment or (z) the Outstanding Amount of the L/C Obligations shall not exceed the Letter of Credit Sublimit. Each request by
the Borrower for the issuance or amendment of a Letter of Credit shall be deemed to be a representation by the Borrower that the L/C Credit Extension so requested complies with the conditions set forth in the proviso to the preceding sentence.
Within the foregoing limits, and subject to the terms and conditions hereof, the Borrower’s ability to obtain Letters of Credit shall be fully revolving, and accordingly the Borrower may, during the foregoing period, obtain Letters of Credit to
replace Letters of Credit that have expired or that have been drawn upon and reimbursed. All Existing Letters of Credit shall be deemed to have been issued pursuant hereto, and from and after the Closing Date shall be subject to and governed by the
terms and conditions hereof. 
 (ii) The Lender shall not issue any Letter of Credit, if, subject to
Section 2.03(b)(iii), the expiry date of such requested Letter of Credit would occur more than twelve months after the date of issuance or last extension. 
 (iii) The Lender shall not be under any obligation to issue any Letter of Credit if: 
 (A) any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain the Lender
from issuing such Letter of Credit, or any Law applicable to the Lender or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over the Lender shall prohibit, or request that the Lender
refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or shall impose upon the Lender with respect to such Letter of Credit any restriction, reserve or capital requirement (for which the Lender is not
otherwise compensated hereunder) not in effect on the Closing Date, or shall impose upon the Lender any unreimbursed loss, cost or expense which was not applicable on the Closing Date and which the Lender in good faith deems material to it;

 (B) the issuance of such Letter of Credit would violate one or more policies of the Lender; 
 (C) except as otherwise agreed by the Lender, such Letter of Credit is in an initial stated amount less than $10,000; 
 (D) such Letter of Credit is to be denominated in a currency other than Dollars; or 
 (E) such Letter of Credit contains any provisions for automatic reinstatement of the stated amount after any drawing thereunder.

  

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 (iv) The Lender shall be under no obligation to amend any Letter of Credit if
(A) the Lender would have no obligation at such time to issue such Letter of Credit in its amended form under the terms hereof, or (B) the beneficiary of such Letter of Credit does not accept the proposed amendment to such Letter of
Credit. 
 (b) Procedures for Issuance and Amendment of Letters of Credit; Auto-Extension Letters of Credit. 
 (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to the Lender in the
form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Borrower. Such L/C Application must be received by the Lender not later than 1:00 p.m., at least two Business Days (or such later date and
time as the Lender may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as the case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit
Application shall specify in form and detail satisfactory to the Lender: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day); (B) the amount thereof; (C) the expiry date thereof;
(D) the name and address of the beneficiary thereof; (E) the documents to be presented by such beneficiary in case of any drawing thereunder; (F) the full text of any certificate to be presented by such beneficiary in case of any
drawing thereunder; and (G) such other matters as the Lender may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the
Lender (A) the Letter of Credit to be amended; (B) the proposed date of amendment thereof (which shall be a Business Day); (C) the nature of the proposed amendment; and (D) such other matters as the Lender may require.
Additionally, the Borrower shall furnish to the Lender such other documents and information pertaining to such requested Letter of Credit issuance or amendment, including any Issuer Documents, as the Lender may require. 
 (ii) Upon the Lender’s determination that the requested issuance or amendment is permitted in accordance with the terms hereof, then,
subject to the terms and conditions hereof, the Lender shall, on the requested date, issue a Letter of Credit for the account of the Borrower or enter into the applicable amendment, as the case may be, in each case in accordance with the
Lender’s usual and customary business practices. 
 (iii) If the Borrower so requests in any applicable Letter of Credit
Application, the Lender may, in its sole and absolute discretion, agree to issue a Letter of Credit that has automatic extension provisions (each, an “Auto-Extension Letter of Credit”); provided that any such Auto-Extension
Letter of Credit must permit the Lender to prevent any such extension at least once in each twelve-month period (commencing with the date of issuance of such Letter of Credit) by giving prior notice to the beneficiary thereof not later than a day in
each such twelve-month period to be agreed upon at the time such Letter of Credit is issued. Unless otherwise directed by the Lender, the Borrower shall not be required to make a specific request to the Lender for any such extension. Once an
Auto-Extension Letter of Credit has been issued, the Lender shall, subject to the terms and conditions set forth herein, permit the extension of such Letter of 

  

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Credit to an expiry date not later than 12 months after the Letter of Credit Expiration Date; provided, however, that the Lender shall have no
obligation to permit the renewal of any Auto-Extension Letter of Credit at any time if it has determined that it would have no obligation at such time to issue such Letter of Credit in its extended form under the terms hereof (by reason of the
provisions of Section 2.03(a)(ii) or otherwise). 
 (iv) Promptly after its delivery of any Letter of Credit or
any amendment to a Letter of Credit to an advising bank with respect thereto or to the beneficiary thereof, the Lender will also deliver to the Borrower a true and complete copy of such Letter of Credit or amendment. 
 (c) Drawings and Reimbursements. 
 (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the Lender shall notify the Borrower thereof. Not later than 1:00 p.m. on the date of any payment by the Lender under a
Letter of Credit (each such date, an “Honor Date”), the Borrower shall reimburse the Lender in an amount equal to the amount of such drawing. If the Borrower fails to so reimburse the Lender, the Borrower shall be deemed to have
requested a borrowing of a Base Rate Loan to be disbursed on the Honor Date in an amount equal to the amount of such unreimbursed drawing (the “Unreimbursed Amount”), without regard to the minimum and multiples specified in
Section 2.02 for the principal amount of Base Rate Loans, but subject to the amount of the unutilized portion of the Commitment and the conditions set forth in Section 5.02 (other than the delivery of a Loan Notice).

 (ii) If the Borrower fails to reimburse the Lender for any drawing under any Letter of Credit (whether by means of a
borrowing or otherwise), such Unreimbursed Amount shall be due and payable on demand (together with interest) and shall bear interest at the Default Rate. 
 (d) Obligations Absolute. The obligation of the Borrower to reimburse the Lender for each drawing under each Letter of Credit shall be absolute, unconditional and irrevocable, and shall be paid strictly
in accordance with the terms of this Agreement under all circumstances, including the following: 
 (i) any lack of validity
or enforceability of such Letter of Credit, this Agreement, or any other Loan Document; 
 (ii) the existence of any claim,
counterclaim, setoff, defense or other right that the Borrower or any Subsidiary may have at any time against any beneficiary or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any such transferee may be
acting), the Lender or any other Person, whether in connection with this Agreement, the transactions contemplated hereby or by such Letter of Credit or any agreement or instrument relating thereto, or any unrelated transaction; 
 (iii) any draft, demand, certificate or other document presented under such Letter of Credit proving to be forged, fraudulent, invalid or
insufficient in any respect or any statement therein being untrue or inaccurate in any respect; or any loss or delay in the transmission or otherwise of any document required in order to make a drawing under such Letter of Credit; 
  

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 (iv) any payment by the Lender under such Letter of Credit against presentation of a
draft or certificate that does not strictly comply with the terms of such Letter of Credit; or any payment made by the Lender under such Letter of Credit to any Person purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for the
benefit of creditors, liquidator, receiver or other representative of or successor to any beneficiary or any transferee of such Letter of Credit, including any arising in connection with any proceeding under any Debtor Relief Law; or 
 (v) any other circumstance or happening whatsoever, whether or not similar to any of the foregoing, including any other circumstance that
might otherwise constitute a defense available to, or a discharge of, the Borrower or any Subsidiary. 
 The Borrower shall promptly examine
a copy of each Letter of Credit and each amendment thereto that is delivered to it and, in the event of any claim of noncompliance with the Borrower’s instructions or other irregularity, the Borrower will immediately notify the Lender. The
Borrower shall be conclusively deemed to have waived any such claim against the Lender and its correspondents unless such notice is given as aforesaid. 
 (e) Role of Lender. The Borrower agrees that, in paying any drawing under a Letter of Credit, the Lender shall not have any responsibility to obtain any document (other than any sight draft, certificates
and documents expressly required by the Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of the Person executing or delivering any such document. The Borrower hereby assumes all risks
of the acts or omissions of any beneficiary or transferee with respect to its use of any Letter of Credit; provided, however, that this assumption is not intended to, and shall not, preclude the Borrower’s pursuing such rights and
remedies as it may have against the beneficiary or transferee at law or under any other agreement. None of the Lender, any of its Affiliates, any of the respective officers, directors, employees, agents or attorneys-in-fact of the Lender and its
Affiliates, nor any of the respective correspondents, participants or assignees of the Lender shall be liable or responsible for any of the matters described in clauses (i) through (v) of Section 2.03(d); provided,
however, that anything in such clauses to the contrary notwithstanding, the Borrower may have a claim against the Lender, and the Lender may be liable to the Borrower, to the extent, but only to the extent, of any direct, as opposed to
consequential or exemplary, damages suffered by the Borrower which the Borrower proves were caused by the Lender’s willful misconduct or gross negligence or the Lender’s willful failure to pay under any Letter of Credit after the
presentation to it by the beneficiary of a sight draft and certificate(s) strictly complying with the terms and conditions of a Letter of Credit. In furtherance and not in limitation of the foregoing, the Lender may accept documents that appear on
their face to be in order, without responsibility for further investigation, regardless of any notice or information to the contrary, and the Lender shall not be responsible for the validity or sufficiency of any instrument transferring or assigning
or purporting to transfer or assign a Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any reason. 
  

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 (f) Cash Collateral. (i) Upon the request of the Lender, if the Lender has honored any full
or partial drawing request under any Letter of Credit and such drawing has not been reimbursed on the applicable Honor Date, or (ii) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the
Borrower shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations. Sections 2.04 and 9.02(c) set forth certain additional requirements to deliver Cash Collateral hereunder. For
purposes of this Section 2.03, Section 2.04 and Section 9.02(c), “Cash Collateralize” means to pledge and deposit with or deliver to the Lender, as collateral for the L/C Obligations, cash or
deposit account balances pursuant to documentation in form and substance satisfactory to the Lender. Derivatives of such term have corresponding meanings. The Borrower hereby grants to the Lender a security interest in all such cash, deposit
accounts and all balances therein and all proceeds of the foregoing. Cash Collateral shall be maintained in blocked, non-interest bearing deposit accounts at the Lender. 
 (g) Applicability of ISP. Unless otherwise expressly agreed by the Lender and the Borrower when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter of Credit), the
rules of the ISP shall apply to each Letter of Credit. 
 (h) Letter of Credit Fees. The Borrower shall pay to the Lender a Letter of
Credit fee (the “Letter of Credit Fee”) for each Letter of Credit equal to the Applicable Rate times the daily maximum amount available to be drawn under such Letter of Credit. For purposes of computing the daily amount available to
be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. Letter of Credit Fees shall be (i) computed on a quarterly basis in arrears and (ii) due and payable
on the first Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. If there
is any change in the Applicable Rate during any quarter, the daily amount available to be drawn under each Letter of Credit shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable
Rate was in effect. Notwithstanding anything to the contrary contained herein, while any Event of Default exists, all Letter of Credit Fees shall accrue at the Default Rate. 
 (i) Documentary and Processing Charges Payable to Lender. The Borrower shall pay to the Lender the customary issuance, presentation,
amendment and other processing fees, and other standard costs and charges, of the Lender relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are
nonrefundable. 
 (j) Conflict with Issuer Documents. In the event of any conflict between the terms hereof and the terms of any
Issuer Document, the terms hereof shall control. 
 (k) Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of
Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the Lender hereunder for any and all drawings under such Letter of Credit The Borrower
hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

  

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 2.04 Prepayments. 
 (a) Voluntary Prepayments. The Borrower may, upon notice to the Lender, at any time or from time to time voluntarily prepay any Loan in whole or in part without premium or penalty; provided that
(i) such notice must be received by the Lender not later than 1:00 p.m. (A) three Business Days prior to any date of prepayment of a LIBOR Loan, and (B) on the date of prepayment of a Base Rate Loan; (ii) any prepayment of a
LIBOR Loan shall be in a principal amount of $100,000 or a whole multiple of $100,000 in excess thereof; and (iii) any prepayment of a Base Rate Loan shall be in a principal amount of $100,000 or a whole multiple of $100,000 in excess thereof
or, in each case, if less, the entire principal amount thereof then outstanding. Each such notice shall specify the date and amount of such prepayment and the Type(s) of Loan(s) to be prepaid. If such notice is given by the Borrower, the Borrower
shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a LIBOR Loan shall be accompanied by all accrued interest on the amount prepaid. 
 (b) Mandatory Prepayments. If for any reason the Total Outstandings at any time exceed the Commitment then in effect, the Borrower shall
immediately prepay Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess; provided, however, that the Borrower shall not be required to Cash Collateralize the L/C Obligations pursuant to this
Section 2.04(b) unless after the prepayment in full of the Loans the Total Outstandings exceed the Commitment then in effect. 
 2.05 Termination or Reduction of Commitment. The Borrower may, upon notice to the Lender, terminate the Commitment, or from time to time permanently reduce the Commitment; provided that (i) any such notice shall be received by
the Lender not later than 1:00 p.m., five Business Days prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount of $100,000 or any whole multiple of $100,000 in excess thereof,
(iii) the Borrower shall not terminate or reduce the Commitment if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Outstandings would exceed the Commitment, and (iv) if, after giving effect to any
reduction of the Commitment, the Letter of Credit Sublimit exceeds the amount of the Commitment, such Sublimit shall be automatically reduced by the amount of such excess. All fees accrued until the effective date of any termination of the
Commitment shall be paid on the effective date of such termination. 
 2.06 Repayment of Loans. The Borrower shall repay to the Lender
on the Maturity Date the aggregate principal amount of Loans outstanding on such date. 
 2.07 Interest. 
 (a) Subject to the provisions of subsection (b) below, (i) each LIBOR Loan shall bear interest on the outstanding principal amount thereof at a
rate per annum equal to the LIBOR plus the Applicable Rate; and (ii) each Base Rate Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate
plus the Applicable Rate. 
  

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 (b) (i) If any amount payable by the Borrower under any Loan Document is not paid when due (without
regard to any applicable grace periods), whether at stated maturity, by acceleration or otherwise, such amount shall thereafter bear interest at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent
permitted by applicable Laws. 
 (ii) While any Event of Default exists, the Borrower shall pay interest on the principal
amount of all outstanding Obligations hereunder at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws. 
 (iii) Accrued and unpaid interest on past due amounts (including interest on past due interest) shall be due and payable upon demand.

 (c) Interest on each Loan shall be due and payable in arrears on each Interest Payment Date applicable thereto and at such other times as
may be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and after the commencement of any proceeding under any Debtor Relief Law. 
 2.08 Fees. In addition to certain fees described in subsections (h) and (i) of Section 2.03, the Borrower shall pay to the
Lender a commitment fee equal to the Applicable Rate times the actual daily amount by which the Commitment exceeds the Total Outstandings. The commitment fee shall accrue at all times during the Availability Period, including at any time
during which one or more of the conditions in ARTICLE V is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the
Closing Date, and on the Maturity Date. The commitment fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable
Rate separately for each period during such quarter that such Applicable Rate was in effect. 
 2.09 Computation of Interest and Fees.
All computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on
each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall,
subject to Section 2.11(b), bear interest for one day. 
 2.10 Evidence of Debt. The Credit Extensions made by the Lender
shall be evidenced by one or more accounts or records maintained by the Lender in the ordinary course of business. The accounts or records maintained by the Lender shall be conclusive absent manifest error of the amount of the Credit Extensions made
by the Lender to the Borrower and the interest and payments thereon. Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligation of the Borrower hereunder to pay any amount owing with respect to the
Obligations. The Note shall evidence the Lender’s Loans in addition to such 
  

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accounts or records. The Lender may attach schedules to the Note and endorse thereon the date, Type, amount and maturity of each Loan and payments with
respect thereto. Each determination by the Lender of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error. 
 2.11 Payments Generally. 
 (a) The Borrower irrevocably authorizes the Lender to debit an account
held with Atlantic Capital Bank that the Borrower may have with the Lender from time to time for all interest payments due under this Agreement. 
 (b) All payments to be made by the Borrower shall be made without condition or deduction for any counterclaim, defense, recoupment or setoff. Except as otherwise expressly provided herein, all payments by the Borrower hereunder shall be
made to the Lender at the applicable Lending Office in Dollars and in immediately available funds not later than 3:00 p.m. on the date specified herein. All payments received by the Lender after 3:00 p.m. shall be deemed received on the
next succeeding Business Day and any applicable interest or fee shall continue to accrue. 
 (c) If any payment to be made by the Borrower
shall come due on a day other than a Business Day, payment shall be made on the next following Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be. 
 (d) Nothing herein shall be deemed to obligate the Lender to obtain the funds for any Loan in any particular place or manner or to constitute a
representation by the Lender that it has obtained or will obtain the funds for any Loan in any particular place or manner. 
 ARTICLE III.

 SECURITY 
 3.01
Security. As security for the full and timely payment and performance of all Obligations, the Borrower has, and has caused certain other Loan Parties to, execute the Pledge Agreement and the Security Agreement, which Security Instruments grant
to the Lender for the benefit of the Secured Parties a duly perfected first priority security interest in all Collateral described therein subject to no prior Lien or other encumbrance except as expressly permitted hereunder. The Borrower shall
also, and shall cause each Subsidiary to also, pledge to the Lender for the benefit of the Secured Parties all of the Pledged Equity Interests acquired or created on or after the Closing Date, or otherwise acquired by any such Subsidiary and not
theretofore pledged to the Lender for the benefit of the Secured Parties, and to deliver to the Lender all of the documents and instruments in connection therewith as are required pursuant to the terms of Section 7.12 and of the Security
Instruments. 
 3.02 Further Assurances. At the request of the Lender from time to time, the Borrower will or will cause all other
Loan Parties, as the case may be, to execute, by their respective Responsible Officers, alone or with the Lender, any certificate, instrument, financing 
  

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statement, control agreement, statement or document, or to procure any certificate, instrument, statement or document or to take such other action (and pay
all related costs) which the Lender reasonably deems necessary from time to time to create, continue or preserve the Liens in Collateral (and the perfection and priority thereof) of the Lender contemplated hereby and by the other Loan Documents and
specifically including all Collateral acquired by the Borrower or other Loan Party after the Closing Date and all Collateral moved to or from time to time located at locations owned by third parties, including all leased locations, bailees,
warehousemen and third party processors. The Lender is hereby irrevocably authorized to execute and file or cause to be filed, with or if permitted by applicable Laws without the signature of the Borrower or any Loan Party appearing thereon, all
Uniform Commercial Code financing statements reflecting the Borrower or any other Loan Party as “debtor” and the Lender as “secured party”, and continuations thereof and amendments thereto, as the Lender reasonably deems
necessary or advisable to give effect to the transactions contemplated hereby and by the other Loan Documents. 
 3.03 Information
Regarding Collateral. The Borrower represents, warrants and covenants that Schedule 3.03 contains a true and complete list as of (i) the exact legal name, jurisdiction of formation and location of the chief executive office of
the Borrower and each other Person providing Collateral pursuant to a Security Instrument (each, a “Grantor”) on the Closing Date, (ii) each trade name, trademark or other trade style used by such Grantor on the Closing Date,
(iii) each location in which goods constituting Collateral having an aggregate value in excess of $100,000 are located as of the Closing Date, whether owned, leased or third-party locations, and (iv) with respect to each leased or third
party location, the name of each owner of such location and a summary description of the relationship between the applicable Grantor and such Person. The Borrower further covenants that it shall not change, and shall not permit any other Grantor to
change, its name, type of entity, jurisdiction of formation (whether by reincorporation, merger or otherwise), the location of its chief executive office, or use or permit any other Grantor to use, any additional trade name, trademark or other trade
style, except upon giving not less than 15 days’ prior written notice to the Lender and taking or causing to be taken all such action at Borrower’s or such other Grantor’s expense as may be reasonably requested by the Lender to
perfect or maintain the perfection of the Lien of the Lender in Collateral. 
 ARTICLE IV. 
 TAXES, YIELD PROTECTION AND ILLEGALITY 
 4.01 Taxes. 
 (a) Payments Free of Taxes. Any and all payments by or on account of any obligation of the Borrower
hereunder or under any other Loan Document shall be made free and clear of and without reduction or withholding for any Indemnified Taxes or Other Taxes, provided that if the Borrower shall be required by applicable Laws to deduct any
Indemnified Taxes (including any Other Taxes) from such payments, then (i) the sum payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this
Section) the Lender receives an amount equal to the sum it would have received had no such deductions been made, (ii) the Borrower shall make such deductions and (iii) the Borrower shall timely pay the full amount deducted to the relevant
Governmental Authority in accordance with applicable Laws. 
  

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 (b) Payment of Other Taxes by the Borrower. Without limiting the provisions of subsection
(a) above, the Borrower shall timely pay any Other Taxes to the relevant Governmental Authority in accordance with applicable Laws. 
 (c) Indemnification by the Borrower. The Borrower shall indemnify the Lender, within 10 days after demand therefor, for the full amount of any Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other Taxes imposed or
asserted on or attributable to amounts payable under this Section) paid by the Lender and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other Taxes were correctly
or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrower by the Lender shall be conclusive absent manifest error. 
 (d) Evidence of Payments. As soon as practicable after any payment of Indemnified Taxes or Other Taxes by the Borrower to a Governmental
Authority, the Borrower shall deliver to the Lender the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably
satisfactory to the Lender. 
 (e) Treatment of Certain Refunds. If the Lender determines, in its sole discretion, that it has
received a refund of any Taxes or Other Taxes as to which it has been indemnified by the Borrower or with respect to which the Borrower has paid additional amounts pursuant to this Section, it shall pay to the Borrower an amount equal to such refund
(but only to the extent of indemnity payments made, or additional amounts paid, by the Borrower under this Section with respect to the Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses of the Lender, and without
interest (other than any interest paid by the relevant Governmental Authority with respect to such refund), provided that the Borrower, upon the request of the Lender, agrees to repay the amount paid over to the Borrower (plus any penalties,
interest or other charges imposed by the relevant Governmental Authority) to the Lender in the event the Lender is required to repay such refund to such Governmental Authority. This subsection shall not be construed to require the Lender to make
available its tax returns (or any other information relating to its taxes that it deems confidential) to the Borrower or any other Person. 
 4.02 Illegality. If the Lender determines that any Law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for the Lender or its Lending Office to make, maintain or fund LIBOR Loans, or to
determine or charge interest rates based upon the LIBOR, or any Governmental Authority has imposed material restrictions on the authority of the Lender to purchase or sell, or to take deposits of, Dollars in the London interbank market, then, on
notice thereof by the Lender to the Borrower, any obligation of the Lender to make or continue LIBOR Loans or to convert Base Rate Loans to LIBOR Loans shall be suspended until the Lender notifies the Borrower that the circumstances giving rise to
such determination no longer exist. Upon receipt of such notice, the Borrower shall, upon demand from the Lender, prepay or, if applicable, convert all LIBOR Loans to Base Rate Loans immediately. Upon any such prepayment or conversion, the Borrower
shall also pay accrued interest on the amount so prepaid or converted. 
  

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 4.03 Inability to Determine LIBOR. If the Lender determines that for any reason in connection with
any request for a LIBOR Loan or a conversion to a LIBOR Loan that (a) Dollar deposits are not being offered to banks in the London interbank eurodollar market for the applicable amount of such LIBOR Loan, (b) adequate and reasonable means
do not exist for determining LIBOR with respect to a proposed LIBOR Loan, or (c) LIBOR with respect to a proposed LIBOR Loan does not adequately and fairly reflect the cost to the Lender of funding such Loan, the Lender will promptly so notify
the Borrower. Thereafter, the obligation of the Lender to make or maintain LIBOR Loans shall be suspended until the Lender revokes such notice. Upon receipt of such notice, the Borrower may revoke any pending request for a borrowing of or conversion
to LIBOR Loans or, failing that, will be deemed to have converted such request into a request for a borrowing of Base Rate Loans in the amount specified therein. 
 4.04 Increased Costs. 
 (a) Increased Costs Generally. If any Change in Law shall: 

(i) impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement against
assets of, deposits with or for the account of, or credit extended by, the Lender; 
 (ii) subject the Lender to any tax of
any kind whatsoever with respect to this Agreement, any Letter of Credit or any LIBOR Loan, or change the basis of taxation of payments to the Lender in respect thereof (except for Indemnified Taxes or Other Taxes covered by Section 4.01
and the imposition of, or any change in the rate of, any Excluded Tax payable by the Lender); or 
 (iii) impose on the Lender
or the London interbank market any other condition, cost or expense affecting this Agreement or LIBOR Loans or any Letter of Credit; 
 and the result of any
of the foregoing shall be to increase the cost to the Lender of making or maintaining any LIBOR Loan (or of maintaining its obligation to make any such Loan), or to increase the cost to the Lender of issuing or maintaining any Letter of Credit (or
of maintaining its obligation to issue any Letter of Credit), or to reduce the amount of any sum received or receivable by the Lender hereunder (whether of principal, interest or any other amount) then, upon request of the Lender, the Borrower will
pay to the Lender such additional amount or amounts as will compensate the Lender for such additional costs incurred or reduction suffered. 
 (b) Capital Requirements. If the Lender determines that any Change in Law affecting the Lender or its Lending Office or the Lender’s holding company, if any, regarding capital requirements has or would have the effect of
reducing the rate of return on the Lender’s capital or on the capital of the Lender’s holding company, if any, as a consequence of this Agreement, the Commitment of the Lender or the Loans made by, or the Letters of Credit issued by the

  

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Lender, to a level below that which the Lender or the Lender’s holding company could have achieved but for such Change in Law (taking into consideration
the Lender’s policies and the policies of the Lender’s holding company with respect to capital adequacy), then from time to time the Borrower will pay to the Lender such additional amount or amounts as will compensate the Lender or the
Lender’s holding company for any such reduction suffered. 
 (c) Certificates for Reimbursement. A certificate of the Lender
setting forth the amount or amounts necessary to compensate the Lender or its holding company, as the case may be, as specified in subsection (a) or (b) of this Section and delivered to the Borrower shall be conclusive absent manifest
error. The Borrower shall pay the Lender the amount shown as due on any such certificate within 10 days after receipt thereof. 
 (d)
Delay in Requests. Failure or delay on the part of the Lender to demand compensation pursuant to the foregoing provisions of this Section shall not constitute a waiver of the Lender’s right to demand such compensation, provided
that the Borrower shall not be required to compensate the Lender pursuant to the foregoing provisions of this Section for any increased costs incurred or reductions suffered more than twelve months prior to the date that the Lender notifies the
Borrower of the Change in Law giving rise to such increased costs or reductions and of the Lender’s intention to claim compensation therefor (except that, if the Change in Law giving rise to such increased costs or reductions is retroactive,
then the twelve-month period referred to above shall be extended to include the period of retroactive effect thereof). 
 4.05 Mitigation
Obligations. If the Lender requests compensation under Section 4.04, or the Borrower is required to pay any additional amount to the Lender or any Governmental Authority for the account of the Lender pursuant to
Section 4.01, or if the Lender gives a notice pursuant to Section 4.02, then the Lender shall use reasonable efforts to designate a different Lending Office for funding or booking its Loans hereunder or to assign its rights
and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of the Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 4.01 or 4.04, as
the case may be, in the future, or eliminate the need for the notice pursuant to Section 4.02, as applicable, and (ii) in each case, would not subject the Lender to any unreimbursed cost or expense and would not otherwise be
disadvantageous to the Lender. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by the Lender in connection with any such designation or assignment. 
 4.06 Survival. All of the Borrower’s obligations under this ARTICLE IV shall survive termination of the Commitment and repayment of
all other Obligations hereunder. 
 ARTICLE V. 
 CONDITIONS PRECEDENT TO CREDIT EXTENSIONS 
 5.01 Initial Conditions Precedent. The obligation
of the Lender to effect or permit the occurrence of the first Credit Extension hereunder, whether as the making of a Loan or the issuance of a Letter of Credit, is subject to the following conditions precedent: 
  

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 (a) The Lender’s receipt of the following, each of which shall be originals or facsimiles (followed
promptly by originals) unless otherwise specified, each properly executed by a Responsible Officer of the signing Loan Party, and of duly authorized officers of any other parties thereto, each dated the Closing Date (or, in the case of certificates
of governmental officials, a recent date before the Closing Date) and each in form and substance satisfactory to the Lender: 
 (i) counterparts of this Agreement executed by each of the parties hereto; 
 (ii) the Note executed by the Borrower;

 (iii) the Guaranty executed by each Guarantor existing as of the Closing Date; 
 (iv) each of the Security Instruments executed by each Loan Party existing as of the Closing Date; 
 (v) favorable opinions of McKenna Long & Aldridge LLP, counsel to the Loan Parties, addressed to the Lender, as to the matters
set forth in Exhibit C and such other matters concerning the Loan Parties and the Loan Documents as the Lender may reasonably request; 
 (vi) the articles of incorporation, articles of organization, certificate of limited partnership or other comparable organizational instrument (if any) of the Borrower and each other Loan Party certified as of a
recent date by the Secretary of State of the state of formation of such Loan Party; 
 (vii) a certificate of good standing or
certificate of similar meaning with respect to each Loan Party issued as of a recent date by the Secretary of State of the state of formation of each such Loan Party and certificates of qualification to transact business or other comparable
certificates issued by each Secretary of State (and any state department of taxation, as applicable) of each state in which such Loan Party is required to be so qualified and where the failure to be so qualified could reasonably be expected to have
a Material Adverse Effect; 
 (viii) a certificate of incumbency signed by the Secretary or Assistant Secretary (or other
individual performing similar functions) of each Loan Party with respect to each of the officers of such Loan Party authorized to execute and deliver the Loan Documents to which such Loan Party is a party, and in the case of the Borrower, and the
officers of the Borrower then authorized to deliver Loan Notices and to request the issuance of Letters of Credit; 
 (ix)
copies certified by the Secretary or Assistant Secretary (or other individual performing similar functions) of each Loan Party of (i) the by-laws of such Loan Party, if a corporation, the operating agreement of such Loan Party, if a limited
liability company, the partnership agreement of such Loan Party, if a limited or general partnership, or other comparable document in the case of any other form of legal entity and (ii) all corporate, partnership, member or other necessary
action taken by such Loan Party to authorize the execution, delivery and performance of the Loan Documents to which it is a party; 
  

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 (x) The results of a recent UCC, tax, judgment and lien search in each of the
jurisdictions to which UCC financing statements or other filings or recordations should be made to evidence or perfect security interests in Collateral being granted under the Security Instruments as of the Closing Date, and such search shall reveal
no Liens of record with respect to any such Collateral other than Liens to be terminated prior to the Closing Date or other Liens Acceptable to the Lender; 
 (xi) Each document (including, without limitation, any UCC financing statement) required by the Security Instrument or under applicable Laws or reasonably deemed necessary or appropriate by the Lender to be filed,
registered or recorded in order to create in favor of the Lender a perfected first-priority Lien on the Collateral described thereon, shall have been filed, registered or recorded or shall have been delivered to the Lender and be in proper form for
filing, registration or recordation; 
 (xii) All certificates, if any, representing any shares of Pledged Equity Interests
pledged pursuant to the Pledge Agreement, together with an undated transfer power for each such certificate executed in blank by a duly authorized officer or agent of the Loan Party with rights in such Pledged Equity Interest; 
 (xiii) A certificate or certificates of insurance of the Loan Parties evidencing liability and casualty insurance meeting the requirements
set forth in the Loan Documents and in form and substance reasonably acceptable to the Lender, including, without limitation, naming the Lender as additional insured and lenders loss payee; 
 (xiv)(A) All agreements, documents and instruments evidencing, or executed in connection with, the Subordinated Indebtedness, (B) the
Lender’s satisfaction with the terms thereof, (C) any Subordination Agreements with respect thereto; 
 (xv)
Evidence satisfactory to the Lender that each of the Borrower and each Subsidiary shall have been released from all liabilities and obligations in respect of Indebtedness (other than the Obligations and other than liabilities and obligations
expressly permitted under Section 8.03), including, without limitation, a pay-off letter, UCC termination statements and other releases duly executed by any holder of such Indebtedness to be released, each in form and substance
satisfactory to the Lender. 
 (xvi) a certificate from a Responsible Officer of the Borrower to the effect that (x) all
representations and warranties of the Loan Parties contained in the Loan Documents are true, correct and complete in all material respects and (y) immediately after giving effect to the transactions contemplated by this Agreement, no Default
shall exist; 
 (xvii) a Compliance Certificate calculated as of March 31, 2008 (giving pro forma effect to the financing
contemplated by this Agreement and the use of the proceeds of the Loans to be funded on the Closing Date), a duly completed Loan Notice and funds disbursement Instructions; 
  

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 (xviii) certified copies of all consents, approvals, authorizations, registrations and
filings and orders required or advisable to be made or obtained under applicable Laws, or by any Contractual Obligation of each Loan Party, in connection with the execution, delivery, performance, validity and enforceability of the Loan Documents or
any of the transactions contemplated thereby, and such consents, approvals, authorizations, registrations, filings and orders shall be in full force and effect and all applicable waiting periods shall have expired, and no investigation or inquiry by
any governmental authority regarding this Agreement or any transaction being financed with the proceeds thereof shall be ongoing; and 
 (xix) such other documents, agreements and instruments as the Agent on behalf of the Lenders may reasonably request. 
 (b) Any fees required to be paid on or before the Closing Date shall have been paid. 
 (c) The Borrower
shall have paid all fees, charges and disbursements of counsel to the Lender to the extent invoiced prior to or on the Closing Date, plus such additional amounts of such fees, charges and disbursements as shall constitute its reasonable estimate of
such fees, charges and disbursements incurred or to be incurred by it through the closing proceedings (provided that such estimate shall not thereafter preclude a final settling of accounts between the Borrower and the Lender), which fees, but not
any charges or disbursements, shall be limited to $50,000. 
 5.02 Conditions to all Credit Extensions. The obligation of the Lender
to make any Credit Extension is subject to the following conditions precedent: 
 (a) The representations and warranties of the Borrower
contained in ARTICLE VI and of each of the Loan Parties in each other Loan Document or any document furnished at any time under or in connection herewith or therewith, shall be true and correct on and as of the date of such Credit Extension,
except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct as of such earlier date, and except that for purposes of this Section 5.02, the
representations and warranties contained in subsections (a) and (b) of Section 6.05 shall be deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b), respectively, of
Section 7.01. 
 (b) No Default shall exist, or would result from such proposed Credit Extension. 
 (c) The Lender shall have received a Request for Credit Extension in accordance with the requirements hereof. 
 Each Request for Credit Extension (other than a Loan Notice requesting only a conversion of a Loan to the other Type) submitted by the Borrower shall be
deemed to be a representation and warranty that the conditions specified in Sections 5.02(a) and (b) have been satisfied on and as of the date of the applicable Credit Extension. 
  

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 ARTICLE VI. 
 REPRESENTATIONS AND WARRANTIES 
 The Borrower represents and warrants to the Lender that: 

6.01 Existence, Qualification and Power; Compliance with Laws. Each Loan Party and each Subsidiary thereof (a) is duly organized or
formed, validly existing and in good standing under the Laws of the jurisdiction of its incorporation or organization, (b) has all requisite power and authority and all requisite governmental licenses, authorizations, consents and approvals to
(i) own its assets and carry on its business and (ii) execute, deliver and perform its obligations under the Loan Documents to which it is a party, (c) is duly qualified and is licensed and in good standing under the Laws of each
jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification or license, and (d) is in compliance with all Laws; except in each case referred to in clause (b)(i), (c) or (d),
to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect. 
 6.02 Authorization; No
Contravention. The execution, delivery and performance by each Loan Party of each Loan Document to which such Person is party, have been duly authorized by all necessary corporate or other organizational action, and do not and will not
(a) contravene the terms of any of such Person’s Organization Documents; (b) conflict with or result in any breach or contravention of, or the creation of any Lien under, or require any payment to be made under (i) any
Contractual Obligation to which such Person is a party or affecting such Person or the properties of such Person or any of its Subsidiaries or (ii) any order, injunction, writ or decree of any Governmental Authority or any arbitral award to
which such Person or its property is subject; or (c) violate any Law. Each Loan Party is in compliance with all Contractual Obligations referred to in clause (b)(i), except to the extent that failure to do so could not reasonably be expected to
have a Material Adverse Effect. 
 6.03 Governmental Authorization; Other Consents. No approval, consent, exemption, authorization, or
other action by, or notice to, or filing with, any Governmental Authority or any other Person is necessary or required in connection with the execution, delivery or performance by, or enforcement against, any Loan Party of this Agreement or any
other Loan Document. 
 6.04 Binding Effect. This Agreement has been, and each other Loan Document, when delivered hereunder, will
have been, duly executed and delivered by each Loan Party that is party thereto. This Agreement constitutes, and each other Loan Document when so delivered will constitute, a legal, valid and binding obligation of such Loan Party, enforceable
against each Loan Party that is party thereto in accordance with its terms. 
 6.05 Financial Statements; No Material Adverse Effect.

 (a) The Audited Financial Statements (i) were prepared in accordance with GAAP consistently applied throughout the period covered
thereby, except as otherwise expressly noted therein; (ii) fairly present the financial condition of the Borrower and its Subsidiaries as of the date thereof and their results of operations for the period covered thereby in accordance with

  

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GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; and (iii) show all material indebtedness
and other liabilities, direct or contingent, of the Borrower and its Subsidiaries as of the date thereof, including liabilities for taxes, material commitments and Indebtedness. Schedule 6.05 sets forth all material indebtedness and
other liabilities, direct or contingent, of the Borrower and its consolidated Subsidiaries as of the Closing Date that are not reflected on such financial statements, including liabilities for taxes, material commitments and Indebtedness.

 (b) Since the date of the Audited Financial Statements, there has been no event or circumstance, either individually or in the aggregate,
that has had or could reasonably be expected to have a Material Adverse Effect. 
 6.06 Litigation. There are no actions, suits,
proceedings, claims or disputes pending or, to the knowledge of the Borrower after due and diligent investigation, threatened or contemplated, at law, in equity, in arbitration or before any Governmental Authority, by or against the Borrower or any
of its Subsidiaries or against any of their properties or revenues that (a) purport to affect or pertain to this Agreement or any other Loan Document, or any of the transactions contemplated hereby, or (b) either individually or in the
aggregate, if determined adversely, could reasonably be expected to have a Material Adverse Effect. 
 6.07 No Default. Neither the
Borrower nor any Subsidiary is in default under or with respect to any Contractual Obligation that could, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. No Default has occurred and is continuing or
would result from the consummation of the transactions contemplated by this Agreement or any other Loan Document. 
 6.08 Ownership of
Property; Liens. Each of the Borrower and each Subsidiary has good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of its business, except for such
defects in title as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The property of the Borrower and its Subsidiaries is subject to no Liens, other than Permitted Liens. 
 6.09 Environmental Compliance. The Borrower and its Subsidiaries conduct in the ordinary course of business a review of the effect of existing
Environmental Laws and claims alleging potential liability or responsibility for violation of any Environmental Law on their respective businesses, operations and properties, and as a result thereof the Borrower has reasonably concluded that such
Environmental Laws and claims could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 
 6.10 Insurance. The properties of the Borrower and its Subsidiaries are insured with financially sound and reputable insurance companies not Affiliates of the Borrower, in such amounts with such deductibles and covering such risks as
are customarily carried by companies engaged in similar businesses and owning similar properties in localities where the Borrower or the applicable Subsidiary operates and such insurance names the Lender as additional insured and as lenders loss
payee. 
  

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 6.11 Taxes. The Borrower and its Subsidiaries have filed all Federal, state and other material tax
returns and reports required to be filed, and have paid all Federal, state and other material taxes, assessments, fees and other governmental charges levied or imposed upon them or their properties, income or assets otherwise due and payable, except
those which are being contested in good faith by appropriate proceedings diligently conducted and for which adequate reserves have been provided in accordance with GAAP. There is no proposed tax assessment against the Borrower or any Subsidiary that
would, if made, have a Material Adverse Effect. Neither any Loan Party nor any Subsidiary thereof is party to any tax sharing agreement. 
 6.12 ERISA Compliance; Labor Relations. 
 (a) Each Plan is in compliance in all material respects with the applicable
provisions of ERISA, the Code and other Federal or state Laws. Each Plan that is intended to qualify under Section 401(a) of the Code has received a favorable determination letter from the IRS or an application for such a letter is currently
being processed by the IRS with respect thereto and, to the best knowledge of the Borrower, nothing has occurred which would prevent, or cause the loss of, such qualification. The Borrower and each ERISA Affiliate have made all required
contributions to each Plan subject to Section 412 of the Code, and no application for a funding waiver or an extension of any amortization period pursuant to Section 412 of the Code has been made with respect to any Plan. 
 (b) There are no pending or, to the best knowledge of the Borrower, threatened claims, actions or lawsuits, or action by any Governmental Authority, with
respect to any Plan that could reasonably be expected to have a Material Adverse Effect. There has been no prohibited transaction or violation of the fiduciary responsibility rules with respect to any Plan that has resulted or could reasonably be
expected to result in a Material Adverse Effect. 
 (c) (i) No ERISA Event has occurred or is reasonably expected to occur; (ii) no
Pension Plan has any Unfunded Pension Liability; (iii) neither the Borrower nor any ERISA Affiliate has incurred, or reasonably expects to incur, any liability under Title IV of ERISA with respect to any Pension Plan (other than premiums due
and not delinquent under Section 4007 of ERISA); (iv) neither the Borrower nor any ERISA Affiliate has incurred, or reasonably expects to incur, any liability (and no event has occurred which, with the giving of notice under
Section 4219 of ERISA, would result in such liability) under Sections 4201 or 4243 of ERISA with respect to a Multiemployer Plan; and (v) neither the Borrower nor any ERISA Affiliate has engaged in a transaction that could be subject to
Sections 4069 or 4212(c) of ERISA. 
 (d) There are no strikes, lockouts or other material labor disputes or grievances against the Borrower
or any of its Subsidiaries, or, to the Borrower’s knowledge, threatened against or affecting the Borrower or any of its Subsidiaries, and no significant unfair labor practice, charges or grievances are pending against the Borrower or any of its
Subsidiaries, or to the Borrower’s knowledge, threatened against any of them before any Governmental Authority. All payments due from the Borrower or any of its Subsidiaries pursuant to the provisions of any collective bargaining agreement have
been paid or accrued as a liability on the books of the Borrower or any such Subsidiary, except where the failure to do so could not reasonably be expected to have a Material Adverse Effect. 
  

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 6.13 Subsidiaries; Equity Interests and Other Investments. As of the Closing Date, 
 (a) (i) the Borrower has no Subsidiaries other than those specifically disclosed in Part (a) of Schedule 6.13, and (ii) the
outstanding Equity Interests in such Subsidiaries (x) have been validly issued, (y) are owned by the Loan Parties identified in part (a) of Schedule 6.13 free and clear of all Liens other than Liens under the Loan
Documents and (z) with respect Equity Interests in any Domestic Subsidiary, are fully paid and nonassessable; 
 (b) neither the
Borrower nor any Subsidiary has any equity Investment in any Person (other than Subsidiaries) other than those specifically disclosed in Part (b) of Schedule 6.13; and 
 (c) neither the Borrower nor any Subsidiary has any other Investment in any Person in excess of $1,000,000 except as specifically disclosed in Part
(c) of Schedule 6.13. 
 6.14 Margin Regulations; Investment Company Act; Public Utility Holding Company Act.

 (a) The Borrower is not engaged and will not engage, principally or as one of its important activities, in the business of purchasing or
carrying margin stock (within the meaning of Regulation U issued by the FRB), or extending credit for the purpose of purchasing or carrying margin stock. 
 (b) None of the Borrower, any Person Controlling the Borrower, or any Subsidiary (i) is a “holding company,” or a “subsidiary company” of a “holding company,” or an
“affiliate” of a “holding company” or of a “subsidiary company” of a “holding company,” within the meaning of the Public Utility Holding Company Act of 1935, (ii) is or is required to be registered as an
“investment company” under the Investment Company Act of 1940 or (iii) otherwise subject to any other regulatory scheme limiting its ability to incur debt or requiring any approval or consent from or registration or filing with, any
Governmental Authority in connection therewith. 
 6.15 Disclosure. The Borrower has disclosed to the Lender all agreements,
instruments and corporate or other restrictions to which it or any of its Subsidiaries is subject, and all other matters known to it, that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect. No
report, financial statement, certificate or other information furnished (whether in writing or orally) by or on behalf of any Loan Party to the Lender in connection with the transactions contemplated hereby and the negotiation of this Agreement or
delivered hereunder or under any other Loan Document (in each case, as modified or supplemented by other information so furnished) contains any material misstatement of a material fact or omits to state any material fact necessary to make the
statements therein, in the light of the circumstances under which they were made, not materially and adversely misleading; provided that, with respect to projected financial information, the Borrower represents only that such information was
prepared in good faith based upon assumptions believed to be reasonable at the time, it being recognized by Lender that such projections as to future events are not to be viewed as facts and that actual results during the period or periods covered
by any such projections may differ from the projected results. 
  

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 6.16 Compliance with Laws. Each of the Borrower and each Subsidiary is in compliance in all
material respects with the requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its properties, except in such instances in which (a) such requirement of Law or order, writ, injunction or decree is
being contested in good faith by appropriate proceedings diligently conducted or (b) the failure to comply therewith, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 
 6.17 Intellectual Property; Licenses, Etc. 
 (a) The Borrower and each of its Subsidiaries owns, or possesses the right to use, all Intellectual Property that is reasonably necessary for the operation of its business, without conflict with the rights of any other Person. To the best
knowledge of the Borrower, no such Intellectual Property now employed, or now contemplated to be employed, by the Borrower or any Subsidiary infringes upon any rights held by any other Person. 
 (b) Schedule 6.17 sets forth, as of the Closing Date, a complete and accurate list of all patents, trademarks, trade names, service marks and
copyrights, and all applications therefor and licenses thereof, of the Borrower and each of its Subsidiaries, showing as of the date hereof the jurisdiction in which registered, the registration number, the date of registration and the expiration
date. 
 (c) No claim or litigation regarding any of the foregoing is pending or, to the best knowledge of the Borrower, threatened, which,
either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. 
 6.18 Material Agreements.
The Contractual Obligations set forth on Schedule 6.18 (together with any replacements therefor and any other such agreements entered into from time to time after the date hereof, collectively, the “Material Agreements”)
are all Contractual Obligations the termination or expiration of which could be reasonably expected to have a Material Adverse Effect or which produced 5% or more of the combined gross revenues of the Borrower and its Subsidiaries for the fiscal
quarter most recently ended. Each such Material Agreement is in full force and effect and is enforceable by the Borrower or the Subsidiary party thereto in accordance with its terms. To the knowledge of the Borrower, no party to any Material
Agreement is in breach of or has failed to perform or is in default under, or has given or received any notice of any proposed or threatened termination of, any Material Agreement. True, correct and complete copies of the Material Agreements in
effect on the Closing Date have been delivered to the Lender prior to the Closing Date. 
 6.19 Collateral. 
 (a) The provisions of each of the Security Instruments are effective to create in favor of the Lender for the benefit of the Secured Parties, a legal,
valid and enforceable first priority security interest in all right, title and interest of each Loan Party in the Collateral described therein, except as otherwise permitted hereunder. 
  

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 (b) No Contractual Obligation to which any Loan Party is a party or by which the property of any Loan
Party is bound prohibits the filing or recordation of any of the Loan Documents or any other action which is necessary or appropriate in connection with the perfection of the Liens on material assets evidenced and created by any of the Loan
Documents. 
 6.20 Owned and Leased Real Property. 
 (a) Schedule 6.20(a) sets forth, as of the Closing Date, a complete and accurate list of all real property owned by the Borrower or any of its Subsidiaries, showing as of the Closing Date, the street
address, county or other relevant jurisdiction and state. 
 (b) Schedule 6.20(b) sets forth, as of the Closing Date, a complete
and accurate list of all leases of real property under which the Borrower or any of its Subsidiaries is the lessee, showing as of the Closing Date, the street address, county or other relevant jurisdiction, state, and record owner thereof.

 (c) The Borrower and each such Subsidiary has good, marketable and insurable fee simple title to all real property owned by it, and a
valid leasehold interest in all real property leased by it, in each case free and clear of all Liens other than Permitted Liens. 
 6.21
Senior Debt. The Obligations constitute “Senior Debt” of the Borrower within the meaning of the Hi-Mark Subordination Agreement, and the holders thereof from time to time shall be entitled to all of the rights of a holder of
“Senior Debt” pursuant to the Hi-Mark Subordination Agreement. 
 6.22 Insolvency. After giving effect to the execution and
delivery of the Loan Documents, the making of the Loans under this Agreement, neither the Borrower nor its Subsidiaries will be “insolvent,” within the meaning of such term as defined in § 101 of Title 11 of the United States Code, as
amended from time to time, or be unable to pay its debts generally as such debts become due, or have an unreasonably small capital to engage in any business or transaction, whether current or contemplated. 
 6.23 OFAC. No Loan Party (i) is a person whose property or interest in property is blocked or subject to blocking pursuant to Section 1
of Executive Order 13224 of September 23, 2001 Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism (66 Fed. Reg. 49079 (2001)), (ii) engages in any dealings or transactions
prohibited by Section 2 of such executive order, or is otherwise associated with any such person in any manner violative of Section 2, or (iii) is a person on the list of Specially Designated Nationals and Blocked Persons or subject
to the limitations or prohibitions under any other U.S. Department of Treasury’s Office of Foreign Assets Control regulation or executive order. 
 6.24 Patriot Act. Each Loan Party is in compliance, in all material respects, with (i) the Trading with the Enemy Act, as amended, and each of the foreign assets control regulations of the United States
Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) and any other enabling legislation or executive order relating thereto, and (ii) the Uniting And Strengthening America By Providing Appropriate Tools Required To Intercept And

  

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Obstruct Terrorism (USA Patriot Act of 2001). No part of the proceeds of the Loans will be used, directly or indirectly, for any payments to any governmental
official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of the
United States Foreign Corrupt Practices Act of 1977, as amended. 
 6.25 Security Interest and Liens. The Security Instruments create,
as security for the Obligations, valid and enforceable first perfected first priority security interests in and Liens on all of the Collateral in favor of the Lender and subject to no other Liens other than Permitted Liens. Such security interests
in and Liens on the Collateral shall be superior to and prior to the rights of all third parties in the Collateral, and, other than in connection with any future change in the name of the a Loan Party or the location in which a Loan Party is
organized or registered, no further recordings or filings are or will be required in connection with the creation, perfection or enforcement of such security interests and Liens, other than the filing of continuation statements in accordance with
applicable Laws. 
 ARTICLE VII. 
 AFFIRMATIVE COVENANTS 
 So long as the Commitment shall be in effect, any Loan or other Obligation hereunder shall remain
unpaid or unsatisfied, or any Letter of Credit shall remain outstanding, the Borrower shall, and shall (except in the case of the covenants set forth in Sections 7.01, 7.02 and 7.03) cause each Subsidiary to: 
 7.01 Financial Statements. Deliver to the Lender, in form and detail satisfactory to the Lender: 
 (a) as soon as available, but in any event within 120 days after the end of each fiscal year of the Borrower (or such earlier date as required to be
filed with the SEC), a consolidated balance sheet of the Borrower and its Subsidiaries as at the end of such fiscal year, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal year,
setting forth in each case in comparative form the figures for the previous fiscal year, all in reasonable detail and prepared in accordance with GAAP, audited and accompanied by a report and opinion of an independent certified public accountant of
nationally recognized standing reasonably acceptable to the Lender, which report and opinion shall be prepared in accordance with generally accepted auditing standards and shall not be subject to any “going concern” or like qualification
or exception or any qualification or exception as to the scope of such audit; 
 (b) as soon as available, but in any event within 45 days
after the end of each of the first three fiscal quarters of each fiscal year of the Borrower (or such earlier date as required to be filed with the SEC), a consolidated balance sheet of the Borrower and its Subsidiaries as at the end of such fiscal
quarter, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal quarter and for the portion of the Borrower’s fiscal year then ended, setting forth in each case in comparative
form the figures for the corresponding fiscal quarter of the previous fiscal year and the corresponding portion of the previous fiscal year, all in reasonable detail, certified by a Responsible Officer of the Borrower 

  

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as fairly presenting the financial condition, results of operations, shareholders’ equity and cash flows of the Borrower and its Subsidiaries in
accordance with GAAP, subject only to normal year-end audit adjustments and the absence of footnotes; and 
 (c) as soon as available, but in
any event at least 15 days before the end of each fiscal year of the Borrower, forecasts prepared by management of the Borrower, in form satisfactory to the Lender, of consolidated balance sheets and statements of income or operations and cash flows
of the Borrower and its Subsidiaries on a quarterly basis for the immediately following fiscal year (including the fiscal year in which the Maturity Date occurs). 
 The financial statements referred to under clauses (a) and (b) above shall include segment detail by product and region in form and detail satisfactory to the Lender. 
 7.02 Certificates; Other Information. Deliver to the Lender, in form and detail satisfactory to the Lender: 
 (a) concurrently with the delivery of the financial statements referred to in Section 7.01(a), a certificate of its independent certified
public accountants certifying such financial statements; 
 (b) concurrently with the delivery of the financial statements referred to in
Sections 7.01(a) and 7.01(b), a duly completed Compliance Certificate signed by a Responsible Officer of the Borrower; 
 (c) promptly after any request by the Lender, copies of any detailed audit reports, management letters or recommendations submitted to the board of directors (or the audit committee of the board of directors) of the Borrower by independent
accountants in connection with the accounts or books of the Borrower or any Subsidiary, or any audit of any of them; 
 (d) promptly after
the same are available, copies of each annual report, proxy or financial statement or other report or communication sent to the stockholders of the Borrower, and copies of all annual, regular, periodic and special reports and registration statements
which the Borrower may file or be required to file with the SEC under Section 13 or 15(d) of the Securities Exchange Act of 1934, and not otherwise required to be delivered to the Lender pursuant hereto; 
 (e) promptly, and in any event within five Business Days after receipt thereof by any Loan Party or any Subsidiary thereof, copies of each notice or
other correspondence received from the SEC (or comparable agency in any applicable non-U.S. jurisdiction) concerning any investigation or possible investigation or other inquiry by such agency regarding financial or other operational results of any
Loan Party or any Subsidiary thereof; and 
 (f) promptly, such additional information regarding the business, financial or corporate affairs
of the Borrower or any Subsidiary, or compliance with the terms of the Loan Documents, as the Lender may from time to time reasonably request. 
 Documents required to be delivered pursuant to Sections 7.01(a) or 7.01(b) or Section 7.02(d) (to the extent any such documents are included in materials otherwise filed with 

  

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the SEC) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date on which the Borrower posts such documents,
or provides a link thereto on the Borrower’s website on the Internet at the website address listed on Schedule 10.02; provided that: (i) if the Lender so requests, the Borrower shall deliver paper copies of such
documents to the Lender until a written request to cease delivering paper copies is given by the Lender and (ii) the Borrower shall notify (which may be by facsimile or electronic mail) the Lender of the posting of any such documents.
Notwithstanding anything contained herein, in every instance the Borrower shall be required to provide paper copies of the Compliance Certificates required by Section 7.02(b) to the Lender. 
 7.03 Notices. Promptly notify the Lender: 
 (a) of the occurrence of any Default; 
 (b) of any matter that has resulted or could reasonably be expected to result in a Material
Adverse Effect, including (i) breach or non-performance of, or any default under, a Contractual Obligation of the Borrower or any Subsidiary (including any notice or correspondence alleging any such event has occurred with respect to any
Material Agreement); (ii) any disputes, litigation, investigations, proceedings or suspensions between the Borrower or any Subsidiary and any Governmental Authority; or (iii) the commencement of, or any material development in, litigation
or proceedings affecting the Borrower or any Subsidiary, including pursuant to any applicable Environmental Laws; 
 (c) of the occurrence of
any ERISA Event; 
 (d) of any material change in accounting policies or financial reporting practices by the Borrower or any Subsidiary;

 (e) of any Material Agreement entered into after the Closing Date, the subject matter thereof, and the term thereof; 
 (f) if any provision of any Material Agreement is amended in any manner that adversely affects any material right of the Borrower or the applicable
Subsidiary party thereto; 
 (g) of the termination or expiration of any Material Agreement; and 
 (h) of any material change in the Premises Collateral (as defined in the SunGard Access Agreement) as required by Section 4 of the SunGard Access
Agreement. 
 Each notice pursuant to this Section shall be accompanied by a statement of a Responsible Officer of the Borrower setting forth
details of the occurrence referred to therein and stating what action the Borrower has taken and proposes to take with respect thereto. Each notice pursuant to Section 7.03(a) shall describe with particularity any and all provisions of
this Agreement and any other Loan Document that have been breached. 
 7.04 Payment of Obligations. Pay and discharge as the same
shall become due and payable, all its obligations and liabilities, including (a) all tax liabilities, assessments and governmental charges or levies upon it or its properties or assets, unless the same are being 
  

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contested in good faith by appropriate proceedings diligently conducted and adequate reserves in accordance with GAAP are being maintained by the Borrower or
such Subsidiary; (b) all lawful claims which, if unpaid, would by law become a Lien upon its property; and (c) all Indebtedness, as and when due and payable, but subject to any subordination provisions contained in any instrument or
agreement evidencing such Indebtedness. 
 7.05 Preservation of Existence, Etc. (a) Preserve, renew and maintain in full force
and effect its legal existence and good standing under the Laws of the jurisdiction of its organization except in a transaction permitted by Sections 8.04 or 8.05; (b) take all reasonable action to maintain all rights,
privileges, permits, licenses and franchises necessary or desirable in the normal conduct of its business, except to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect; and (c) preserve or renew
all of its registered patents, trademarks, trade names and service marks, the non-preservation of which could reasonably be expected to have a Material Adverse Effect. 
 7.06 Maintenance of Properties. (a) Maintain, preserve and protect all of its material properties and equipment necessary in the operation of its business in good working order and condition, ordinary wear and
tear excepted; and (b) make all necessary repairs thereto and renewals and replacements thereof except where the failure to do so could not reasonably be expected to have a Material Adverse Effect. 
 7.07 Maintenance of Insurance. (a) Maintain with financially sound and reputable insurance companies not Affiliates of the Borrower, insurance
with respect to its properties and business against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar business and otherwise as required by the Security Instruments; (b) maintain general public
liability insurance at all times with financially sound and reputable insurance companies not Affiliates of the Borrower, against liability on account of damage to persons and property; and (c) maintain insurance under all applicable
workers’ compensation laws (or in the alternative, maintain required reserves if self-insured for workers’ compensation purposes) and against loss by reason of business interruption with such policies of insurance to have such limits,
deductibles, exclusions, co-insurance and other provisions providing no less coverage than that maintained on the Closing Date, such insurance policies to be in form reasonably satisfactory to the Lender. Each of the policies described in this
Section 7.07 shall provide that the insurer shall give the Lender not less than thirty (30) days’ prior written notice before any material amendment to any such policy by endorsement or any lapse, termination or cancellation
thereof (except that not less than ten (10) days’ prior written notice shall be required for any termination or cancellation thereof as a result of any nonpayment of premium), each such policy of liability insurance shall list the Lender
as an additional insured, and each such policy of casualty insurance shall list the Lender as loss payee pursuant to a loss payee clause in form and substance satisfactory to the Lender. 
 7.08 Compliance with Laws. Comply in all material respects with the requirements of all Laws and all orders, writs, injunctions and decrees
applicable to it or to its business or property, except in such instances in which (a) such requirement of Law or order, writ, injunction or decree is being contested in good faith by appropriate proceedings diligently conducted; or
(b) the failure to comply therewith could not reasonably be expected to have a Material Adverse Effect. 
  

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 7.09 Books and Records. (a) Maintain proper books of record and account, in which full, true and
correct entries in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the assets and business of the Borrower or such Subsidiary, as the case may be; and (b) maintain such books of record
and account in material conformity with all applicable requirements of any Governmental Authority having regulatory jurisdiction over the Borrower or such Subsidiary, as the case may be. 
 7.10 Inspection Rights. Permit representatives and independent contractors of the Lender to visit and inspect any of its properties, to examine
its corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss its affairs, finances and accounts with its directors, officers, and independent public accountants, all at the expense of the Borrower
and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the Borrower; provided, however, that when an Event of Default exists the Lender (or any of its
representatives or independent contractors) may do any of the foregoing at the expense of the Borrower at any time during normal business hours and without advance notice. 
 7.11 Use of Proceeds. Use the proceeds of the Credit Extensions for working capital and general corporate purposes. 
 7.12 New Subsidiaries and Pledgors. 
 (a) As soon as practicable but in any event within 45 days following the acquisition or creation of any Domestic Subsidiary cause to be delivered to the Lender each of the following: 
 (i) a Guaranty Joinder Agreement duly executed by such Subsidiary; 
 (ii) a Security Joinder Agreement duly executed by such Subsidiary (with all schedules thereto appropriately completed); 
 (iii) if any of the Equity Interests issued by such Subsidiary are Pledged Equity Interests and are owned by a Subsidiary who has not then
executed and delivered to the Lender the Pledge Agreement or a Pledge Joinder Agreement granting a Lien to the Lender, for the benefit of the Secured Parties, in such Pledged Equity Interests, a Pledge Joinder Agreement (with all schedules thereto
appropriately completed) duly executed by the Subsidiary that directly owns such Pledged Equity Interests; 
 (iv) if any of
the Equity Interests issued by such Subsidiary are Pledged Equity Interests and are owned by the Borrower or a Subsidiary who has previously executed a Pledge Agreement or a Pledge Joinder Agreement, a Pledge Agreement Supplement by the Borrower and
each Subsidiary that owns any of such Pledged Equity Interests with respect to such Pledged Equity Interests in the form required by the Pledge Agreement; 
 (v) if the Equity Interest issued or owned by such Subsidiary are Pledged Equity Interests and constitute securities under Article 8 of the Uniform Commercial Code (A) the certificates representing 100% of such
Pledged Equity Interests and (B) duly executed, undated stock powers or other appropriate powers of assignment in blank affixed thereto; 
  

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 (vi) if such Subsidiary itself owns any Pledged Equity Interests, a Pledge Joinder
Agreement (with all schedules thereto appropriately completed) duly executed by such Subsidiary; 
 (vii) with respect to any
Person that has executed a Pledge Joinder Agreement, a Pledge Agreement Supplement, a Security Joinder Agreement hereunder, Uniform Commercial Code financing statements naming such Person as “Debtor” and naming the Lender for the benefit
of the Secured Parties as “Secured Party,” in form, substance and number sufficient in the reasonable opinion of the Lender and its counsel to be filed in all Uniform Commercial Code filing offices and in all jurisdictions in which filing
is necessary or advisable to perfect in favor of the Lender for the benefit of the Secured Parties the Lien on the Collateral conferred under such Security Instrument to the extent such Lien may be perfected by Uniform Commercial Code filing;

 (viii) unless the Lender expressly waives such requirement in accordance with Section 10.01, an opinion or
opinions of counsel to each Subsidiary executing any Guaranty Joinder Agreement, Security Joinder Agreement or Pledge Joinder Agreement or Pledge Supplement, and the Borrower if it executes a Pledge Supplement, provided for in this
Section 7.12 dated as of the date of delivery of such applicable Joinder Agreements (and other Loan Documents) provided for in this Section 7.12 and addressed to the Lender, in form and substance acceptable to the Lender; and

 (ix) current copies of the Organization Documents of each such Subsidiary, minutes of duly called and conducted meetings
(or duly effected consent actions) of the Board of Directors, partners, or appropriate committees thereof (and, if required by such Organization Documents or applicable Laws, of the shareholders, members or partners) of such Subsidiary authorizing
the actions and the execution and delivery of documents described in this Section 7.12, all certified by the applicable Governmental Authority or appropriate officer as the Lender may elect. 
 (b) As soon as practicable but in any event within 30 days following the acquisition of any Pledged Equity Interests by any Subsidiary who has not
theretofore executed the Pledge Agreement or a Pledge Joinder Agreement, cause to be delivered to the Lender a Pledge Joinder Agreement (with all schedules thereto appropriately completed) duly executed by the Subsidiary, and the documents, stock
certificates, stock powers, financing statements, opinions, Organization Documents and actions relating thereto and to the pledge contained therein and described in clauses (v), (vii), (viii) and (ix) of Section 7.12(a).

 (c) As soon as practicable, but in any event within 90 days following the date that a Direct Foreign Subsidiary becomes a Material Direct
Foreign Subsidiary, cause to be delivered to the Lender each of the following: 
 (i) if any of the Equity Interests issued by
such Subsidiary are Pledged Equity Interests and are owned by a Subsidiary who has not then executed and delivered to the 

  

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Lender the Pledge Agreement or a Pledge Joinder Agreement granting a Lien to the Lender, for the benefit of the Secured Parties, in such Pledged Equity
Interests, a Pledge Joinder Agreement (with all schedules thereto appropriately completed) duly executed by the Subsidiary that directly owns such Pledged Equity Interests; 
 (ii) if any of the Equity Interests issued by such Subsidiary are Pledged Equity Interests and are owned by the Borrower or a Subsidiary
who has previously executed a Pledge Agreement or a Pledge Joinder Agreement, a Pledge Agreement Supplement by the Borrower and each Subsidiary that owns any of such Pledged Equity Interests with respect to such Pledged Equity Interests in the form
required by the Pledge Agreement; 
 (iii) if the Equity Interest issued or owned by such Subsidiary are Pledged Equity
Interests and constitute securities under Article 8 of the Uniform Commercial Code (A) the certificates representing 100% of such Pledged Equity Interests and (B) duly executed, undated stock powers or other appropriate powers of
assignment in blank affixed thereto; 
 (iv) if such Subsidiary itself owns any Pledged Equity Interests, a Pledge Joinder
Agreement (with all schedules thereto appropriately completed) duly executed by such Subsidiary; 
 (v) with respect to any
Person that has executed a Pledge Joinder Agreement, a Pledge Agreement Supplement, a Security Joinder Agreement hereunder, Uniform Commercial Code financing statements naming such Person as “Debtor” and naming the Lender for the benefit
of the Secured Parties as “Secured Party,” in form, substance and number sufficient in the reasonable opinion of the Lender and its counsel to be filed in all Uniform Commercial Code filing offices and in all jurisdictions in which filing
is necessary or advisable to perfect in favor of the Lender for the benefit of the Secured Parties the Lien on the Collateral conferred under such Security Instrument to the extent such Lien may be perfected by Uniform Commercial Code filing;

 (vi) unless the Lender expressly waives such requirement in accordance with Section 10.01, an opinion or
opinions of counsel to each Subsidiary executing any Guaranty Joinder Agreement, Security Joinder Agreement or Pledge Joinder Agreement or Pledge Supplement, and the Borrower if it executes a Pledge Supplement, provided for in this
Section 7.12 dated as of the date of delivery of such applicable Joinder Agreements (and other Loan Documents) provided for in this Section 7.12 and addressed to the Lender, in form and substance acceptable to the Lender; and

 (vii) current copies of the Organization Documents of each such Subsidiary, minutes of duly called and conducted meetings
(or duly effected consent actions) of the Board of Directors, partners, or appropriate committees thereof (and, if required by such Organization Documents or applicable Laws, of the shareholders, members or partners) of such Subsidiary authorizing
the actions and the execution and delivery of documents described in this Section 7.12, all certified by the applicable Governmental Authority or appropriate officer as the Lender may elect. 
  

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 (d) Notwithstanding the terms of Section 7.12(c), within 120 days of the date hereof, cause
to be delivered to the Lender each of the items set forth in Section 7.12(c) with respect to TRX Germany GmbH and TRX Technologies India Private Limited. 
 7.13 Deposit Accounts and Treasury Management Arrangements. Within 180 days of the date hereof, the Borrower shall, and shall cause each of its Domestic Subsidiaries to, maintain its primary deposit accounts
and primary arrangements for the delivery of treasury management services with the Lender; provided, however, that such accounts and such treasury management services are made available to the Borrower and its Domestic Subsidiaries
upon terms (including service levels) and pricing no less favorable than those in place with the Borrower’s existing providers of such accounts and treasury management services. Each deposit account of the Borrower or any Domestic Subsidiary
that is not maintained with the Lender shall at all times be subject to a Qualifying Control Agreement (as defined in the Security Agreement). 
 ARTICLE VIII. 
 NEGATIVE COVENANTS 
 So long as the Commitment shall be in effect, any Loan or other Obligation hereunder shall remain unpaid or unsatisfied, or any Letter of Credit shall remain outstanding, the Borrower shall not, nor shall it permit
any Subsidiary to, directly or indirectly: 
 8.01 Liens. Create, incur, assume or suffer to exist any Lien upon any of its property,
assets or revenues, whether now owned or hereafter acquired, other than the following (collectively, “Permitted Liens”): 
 (a) Liens pursuant to any Loan Document or otherwise arising in favor of the Lender; 
 (b) Liens existing on the date hereof and
listed on Schedule 8.01 and any renewals or extensions thereof, provided that (i) the property covered thereby is not changed, (ii) the amount secured or benefited thereby is not increased, (iii) the direct or any
contingent obligor with respect thereto is not changed, and (iv) any renewal or extension of the obligations secured or benefited thereby is permitted by Section 8.03(b); 
 (c) Liens for taxes not yet due or which are being contested in good faith and by appropriate proceedings diligently conducted, if adequate reserves with
respect thereto are maintained on the books of the applicable Person in accordance with GAAP; 
 (d) carriers’, warehousemen’s,
mechanics’, materialmen’s, repairmen’s or other like Liens arising in the ordinary course of business which are not overdue for a period of more than 30 days or which are being contested in good faith and by appropriate proceedings
diligently conducted, if adequate reserves with respect thereto are maintained on the books of the applicable Person; 
 (e) pledges or
deposits in the ordinary course of business in connection with workers’ compensation, unemployment insurance and other social security legislation, other than any Lien imposed by ERISA; 
  

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 (f) deposits to secure the performance of bids, trade contracts and leases (other than Indebtedness),
statutory obligations, surety bonds (other than bonds related to judgments or litigation), performance bonds and other obligations of a like nature incurred in the ordinary course of business; 
 (g) easements, rights-of-way, restrictions and other similar encumbrances affecting real property which, in the aggregate while this Agreement is in
effect, are not substantial in amount, and which do not in any case materially detract from the value of the property subject thereto or materially interfere with the ordinary conduct of the business of the applicable Person; 
 (h) Liens securing judgments for the payment of money not constituting an Event of Default under Section 9.01(h) or securing appeal or other
surety bonds related to such judgments; 
 (i) Liens securing Indebtedness permitted under Section 8.03(e); provided that
(i) such Liens do not at any time encumber any property other than the property financed by such Indebtedness and (ii) the Indebtedness secured thereby does not exceed the cost or fair market value, whichever is lower, of the property
being acquired on the date of acquisition; 
 (j) statutory landlord liens; 
 (k) Liens in the ordinary course of business in connection with licenses of Intellectual Property created consistent with past practices; and 

(l) Liens securing Indebtedness permitted under Section 8.03(h); provided that such Liens do not at any time encumber any property
other than the Equity Interests of the Borrower that have been repurchased with such Indebtedness. 
 8.02 Investments. Make any
Investments, except: 
 (a) Investments held by the Borrower or such Subsidiary in the form of cash equivalents and Eligible Securities;

 (b) advances to officers, directors and employees of the Borrower and Subsidiaries in an aggregate amount not to exceed $250,000 at any
time outstanding, for travel, entertainment, relocation and analogous ordinary business purposes; 
 (c) Investments of the Borrower in any
Guarantor and Investments of any Guarantor in the Borrower or in another Guarantor; 
 (d) Investments consisting of extensions of credit in
the nature of accounts receivable or notes receivable arising from the grant of trade credit in the ordinary course of business, and Investments received in satisfaction or partial satisfaction thereof from financially troubled account debtors to
the extent reasonably necessary in order to prevent or limit loss; 
 (e) Guarantees permitted by Section 8.03(c); 
 (f) Investments existing on the Closing Date and listed on Schedule 8.02; 
  

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 (g) if no Default exists or will exist immediately thereafter, (i) Investments in Subsidiaries
(other than Domestic Subsidiaries) made after the Closing Date not exceeding $6,000,000 in the aggregate, (ii) other Investments in Subsidiaries (other than Domestic Subsidiaries) made using the cash proceeds from any public or private offering
of any Equity Interest of the Borrower within 60 days of such offering, and (iii) other cash Investments in Subsidiaries (other than Domestic Subsidiaries) so long as, prior to making such Investment and payment, the Borrower delivers a
certificate of a Responsible Officer of the Borrower certifying as to the absence of any Default and demonstrating pro forma compliance with Section 8.13(a) after giving effect to such payment; and 
 (h) Acquisitions permitted by Section 8.15. 
 Notwithstanding the foregoing, at no time shall the Borrower enter into, or permit any Subsidiary to enter into, any agreement, contract, binding commitment or other arrangement providing for any Acquisition, or take,
or permit any Subsidiary to take, any action to solicit the tender of securities or proxies in respect thereof in order to effect any Acquisition. 
 8.03 Indebtedness. Create, incur, assume or suffer to exist any Indebtedness, except: 
 (a) Indebtedness under the Loan
Documents; 
 (b) Indebtedness outstanding on the date hereof and listed on Schedule 8.03 and any refinancings, refundings,
renewals or extensions thereof; provided that (i) the amount of such Indebtedness is not increased at the time of such refinancing, refunding, renewal or extension except by an amount equal to a reasonable premium or other reasonable
amount paid, and fees and expenses reasonably incurred, in connection with such refinancing and by an amount equal to any existing commitments unutilized thereunder and (ii) the terms relating to principal amount, amortization, maturity,
collateral (if any) and subordination (if any), and other material terms taken as a whole, of any such refinancing, refunding, renewing or extending Indebtedness, and of any agreement entered into and of any instrument issued in connection
therewith, are no less favorable in any material respect to the Loan Parties or the Lender than the terms of any agreement or instrument governing the Indebtedness being refinanced, refunded, renewed or extended and the interest rate applicable to
any such refinancing, refunding, renewing or extending Indebtedness does not exceed the then applicable market interest rate; 
 (c)
Guarantees of the Borrower or any Guarantor in respect of Indebtedness otherwise permitted hereunder of the Borrower or any other Guarantor; 
 (d) obligations (contingent or otherwise) of the Borrower or any Subsidiary existing or arising under any Swap Contract, provided that (i) such obligations are (or were) entered into by such Person in the ordinary course of
business for the purpose of directly mitigating risks associated with liabilities, commitments, investments, assets, or property held or reasonably anticipated by such Person, or changes in the value of securities issued by such Person, and not for
purposes of speculation or taking a “market view;” and (ii) such Swap Contract does not contain any provision exonerating the non-defaulting party from its obligation to make payments on outstanding transactions to the defaulting
party; 
  

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 (e) additional Indebtedness in respect of Capital Leases, Synthetic Lease Obligations and purchase money
obligations for fixed or capital assets not permitted by clause (b) above but within the limitations set forth in Section 8.01(i); provided, however, that the aggregate amount of all such Indebtedness permitted by this
clause (e) shall not exceed $1,100,000 at any one time outstanding; 
 (f) any Permitted Parent Subordinated Indebtedness and, so long
as the Hi-Mark Subordination Agreement is in effect, the Hi-Mark Note; 
 (g) additional unsecured Indebtedness not permitted by clauses
(a) through (f) above in an aggregate principal amount not to exceed, taken together with all Indebtedness permitted by clause (h) below, $1,500,000 at any time outstanding; and 
 (h) promissory notes to ex-employees of any Loan Party that are given as consideration for the repurchase of Equity Interests of the Borrower upon the
termination of such employment in an aggregate principal amount not to exceed, taken together with all Indebtedness permitted by clause (g) above, $1,500,000 at any time outstanding. 
 8.04 Fundamental Changes. Merge, dissolve, liquidate, consolidate with or into another Person, or Dispose of (whether in one transaction or in a
series of transactions) all or substantially all of its assets (whether now owned or hereafter acquired) to or in favor of any Person, except that, so long as no Default exists or would result therefrom: 
 (a) any Subsidiary may merge with (i) the Borrower, provided that the Borrower shall be the continuing or surviving Person, or (ii) any
one or more other Subsidiaries, provided that (x) when any Guarantor is merging with another Subsidiary, the Guarantor shall be the continuing or surviving Person, and (y) when any wholly-owned Subsidiary is merging with another
Subsidiary, the wholly-owned Subsidiary shall be the continuing or surviving Person; and 
 (b) any Subsidiary may Dispose of all or
substantially all of its assets (upon voluntary liquidation or otherwise) to the Borrower or to another Subsidiary; provided that (x) if the transferor in such a transaction is a Guarantor, then the transferee must either be the Borrower
or a Guarantor, and (y) if the transferor in such a transaction is a wholly-owned Subsidiary, then the transferee must either be the Borrower or a wholly-owned Subsidiary. 
 8.05 Dispositions. Make any Disposition or enter into any agreement to make any Disposition, except: 
 (a) Dispositions of obsolete or worn out property, whether now owned or hereafter acquired, in the ordinary course of business; 
 (b) Dispositions of inventory in the ordinary course of business; 
 (c) Dispositions of equipment or real property to the extent that (i) such property is exchanged for credit against the purchase price of similar replacement property or (ii) the proceeds of such Disposition
are reasonably promptly applied to the purchase price of such replacement property; 
  

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 (d) Dispositions of property by any Subsidiary to the Borrower or to a wholly-owned Subsidiary;
provided that if the transferor of such property is a Guarantor, the transferee thereof must either be the Borrower or a Guarantor; 
 (e) Dispositions permitted by Section 8.04; 
 (f) non-exclusive licenses of Intellectual Property in the ordinary
course of business and substantially consistent with past practice for terms not exceeding ten years; and 
 (g) Dispositions by the Borrower
and its Subsidiaries not otherwise permitted under this Section 8.05; provided that (i) at the time of such Disposition, no Default shall exist or would result from such Disposition and (ii) the aggregate book value of
all property Disposed of in reliance on this clause (h) in any fiscal year shall not exceed $500,000; 
 provided, however, that any
Disposition pursuant to clauses (a) through (g) shall be for fair market value. 
 8.06 Restricted Payments. Declare or
make, directly or indirectly, any Restricted Payment, or incur any obligation (contingent or otherwise) to do so, or issue or sell any Equity Interests, except that, so long as no Default shall have occurred and be continuing at the time of any
action described below or would result therefrom: 
 (a) each Subsidiary may make Restricted Payments to the Borrower, the Guarantors and any
other Person that owns an Equity Interest in such Subsidiary, ratably according to their respective holdings of the type of Equity Interest in respect of which such Restricted Payment is being made; 
 (b) the Borrower and each Subsidiary may declare and make dividend payments or other distributions payable solely in the common stock or other common
Equity Interests of such Person; 
 (c) the Borrower and each Subsidiary may purchase, redeem or otherwise acquire Equity Interests issued by
it with the proceeds received from the substantially concurrent issue of new shares of its common stock or other common Equity Interests; and 
 (d) the Borrower may issue and sell shares of its common stock. 
 8.07 Change in Nature of Business, Fiscal Year, Accounting
Practices. Engage in any material line of business substantially different from those lines of business conducted by the Borrower and its Subsidiaries on the date hereof or any business substantially related or incidental thereto or change the
Borrower’s fiscal year or accounting practices from that in effect on the Closing Date. 
 8.08 Transactions with Affiliates.
Enter into any transaction of any kind with any Affiliate of the Borrower, whether or not in the ordinary course of business, other than on fair and reasonable terms substantially as favorable to the Borrower or such Subsidiary as would be
obtainable by the Borrower or such Subsidiary at the time in a comparable arm’s length transaction with a Person other than an Affiliate. 
  

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 8.09 Burdensome Agreements. Enter into any Contractual Obligation (other than this Agreement or
any other Loan Document) that (a) limits the ability (i) of any Subsidiary to make Restricted Payments to the Borrower or any Guarantor or to otherwise transfer property to the Borrower or any Guarantor, (ii) of any Subsidiary to
Guarantee the Indebtedness of the Borrower or (iii) of the Borrower or any Subsidiary to create, incur, assume or suffer to exist Liens on property of such Person; provided, however, that this clause (iii) shall not prohibit
any negative pledge incurred or provided in favor of any holder of Indebtedness permitted under Section 8.03(e) solely to the extent any such negative pledge relates to the property financed by or the subject of such Indebtedness; or
(b) requires the grant of a Lien to secure an obligation of such Person if a Lien is granted to secure another obligation of such Person. 
 8.10 Use of Proceeds. Use the proceeds of any Credit Extension, whether directly or indirectly, and whether immediately, incidentally or ultimately, to purchase or carry margin stock (within the meaning of Regulation U of the FRB) or
to extend credit to others for the purpose of purchasing or carrying margin stock or to refund indebtedness originally incurred for such purpose. 
 8.11 Payment of Subordinated Indebtedness. Make, directly or indirectly, any payment or other distribution (whether in cash, securities or other property) of or in respect of, or otherwise satisfy, any Subordinated Indebtedness,
including on account of any purchase, redemption, retirement, acquisition, cancellation or termination thereof, except regularly scheduled payments of principal and accrued interest expressly permitted by any Subordination Agreement. 
 8.12 Modifications to Subordinated Indebtedness. Amend, modify or change in any manner any of the terms or provisions of any Subordinated
Indebtedness or any instrument or agreement evidencing, securing, Guaranteeing or in any way otherwise relating to any Subordinated Indebtedness. 
 8.13 Financial Covenants. 
 (a) Consolidated Senior Leverage Ratio. Permit the Consolidated Senior Leverage Ratio at
any time to be greater than 1.00 to 1.00. 
 (b) Clean Down Period. Fail to reduce the aggregate Outstanding Amount of all Loans to
$2,000,000 or less for at least 30 consecutive days in any fiscal quarter of the Borrower. 
 (c) Consolidated Fixed Charge Coverage
Ratio. Commencing as of the fiscal quarter ending September 30, 2008, permit the Consolidated Fixed Charge Coverage Ratio as of the end of any fiscal quarter of the Borrower, to be less than 1.00 to 1.00. 
 8.14 Capital Expenditures. Make or become legally obligated to make any Capital Expenditure except for Capital Expenditures that in the aggregate
for the Borrower and its Subsidiaries in any fiscal year do not exceed $12,000,000; provided, however, that so long as no Default has occurred and is continuing or would result from such expenditure, up to $5,000,000 of any amount set
forth above, if not expended in the fiscal year for which it is permitted above may be carried over for expenditure in the next following fiscal year. 
  

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 8.15 Acquisitions. Consummate any Acquisition, unless (i) the Person to be (or whose assets
are to be) acquired does not oppose such Acquisition and the line or lines of business of the Person to be acquired are substantially the same as one or more line or lines of business conducted by the Borrower and its Subsidiaries, or substantially
related or incidental thereto, (ii) no Default or Event of Default shall have occurred and be continuing in either immediately prior to or immediately after giving effect to such Acquisition, (iii) the Person acquired shall be a
wholly-owned Subsidiary, or be merged into the Borrower or a wholly-owned Subsidiary, immediately upon consummation of the Acquisition (or if assets are being acquired, the acquirer shall be the Borrower or a wholly-owned Subsidiary),
(iv) after giving effect to such Acquisition, the aggregate Costs of Acquisition for all Acquisitions shall not exceed $12,500,000, and (v) the Borrower would have been in compliance with the covenants set forth in Section 8.13
as of the Measurement Period most recently ended after giving effect to such Acquisition on a Pro Forma Basis. 
 ARTICLE IX.

 EVENTS OF DEFAULT AND REMEDIES 
 9.01 Events of Default. Any of the following shall constitute an Event of Default: 
 (a)
Non-Payment. The Borrower or any other Loan Party fails to pay (i) when and as required to be paid herein, any amount of principal of any Loan or any L/C Obligation, or (ii) within three Business Days after the same becomes due, any
interest on any Loan or on any L/C Obligation, or any fee due hereunder, or (iii) within five days after the same becomes due, any other amount payable hereunder or under any other Loan Document; or 
 (b) Specific Covenants. The Borrower fails to perform or observe any term, covenant or agreement contained in any of Section 7.01,
7.02, 7.03, 7.05, 7.07, 7.10, 7.11, 7.12 or 7.13 or ARTICLE VIII, or any Guarantor fails to perform or observe any term, covenant or agreement contained in the Guaranty; or 

(c) Other Defaults. Any Loan Party fails to perform or observe any other covenant or agreement (not specified in subsection (a) or
(b) above) contained in any Loan Document on its part to be performed or observed and such failure continues for 30 days after the earlier to occur of (i) written notice to Borrower from Lender or (ii) an officer of Borrower becoming
aware of such failure; or 
 (d) Representations and Warranties. Any representation, warranty, certification or statement of fact made
or deemed made by or on behalf of the Borrower or any other Loan Party herein, in any other Loan Document, or in any document delivered in connection herewith or therewith shall be incorrect or misleading when made or deemed made; or 
 (e) Cross-Default. (i) The Borrower or any Subsidiary (A) fails to make any payment when due (whether by scheduled maturity, required
prepayment, acceleration, demand, or otherwise) in respect of any Indebtedness having an outstanding principal amount of $250,000 or 

  

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more (“Material Indebtedness”) or Guarantee of any Material Indebtedness (other than Indebtedness hereunder and Indebtedness under Swap Contracts),
or (B) fails to observe or perform any other agreement or condition relating to any such Material Indebtedness or Guarantee of any Material Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or
any other event occurs, the effect of which default or other event is to cause, or to permit the holder or holders of such Material Indebtedness or the beneficiary or beneficiaries of such Guarantee of any Material Indebtedness (or a trustee or
agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, with the giving of notice if required, such Material Indebtedness to be demanded or to become due or to be repurchased, prepaid, defeased or redeemed (automatically
or otherwise), or an offer to repurchase, prepay, defease or redeem such Indebtedness to be made, prior to its stated maturity, or such Guarantee of any Material Indebtedness to become payable or cash collateral in respect thereof to be demanded; or
(ii) there occurs under any Swap Contract an Early Termination Date (as defined in such Swap Contract) resulting from (A) any event of default under such Swap Contract as to which the Borrower or any Subsidiary is the Defaulting Party (as
defined in such Swap Contract) or (B) any Termination Event (as so defined) under such Swap Contract as to which the Borrower or any Subsidiary is an Affected Party (as so defined); or 
 (f) Insolvency Proceedings, Etc. Any Loan Party or any of its Subsidiaries institutes or consents to the institution of any proceeding under any
Debtor Relief Law, or makes an assignment for the benefit of creditors; or applies for or consents to the appointment of any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer for it or for all or any material
part of its property; or any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed without the application or consent of such Person and the appointment continues undischarged or unstayed for 60
calendar days; or any proceeding under any Debtor Relief Law relating to any such Person or to all or any material part of its property is instituted without the consent of such Person and continues undismissed or unstayed for 60 calendar days, or
an order for relief is entered in any such proceeding; or 
 (g) Inability to Pay Debts; Attachment. (i) The Borrower or any
Subsidiary becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part
of the property of any such Person and is not released, vacated or fully bonded within 30 days after its issue or levy; or 
 (h)
Judgments. There is entered against the Borrower or any Subsidiary (i) a final judgment or order for the payment of money in an aggregate amount exceeding $250,000 (to the extent not covered by independent third-party insurance as to
which the insurer does not dispute coverage), or (ii) any one or more non-monetary final judgments that have, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and, in either case,
(A) enforcement proceedings are commenced by any creditor upon such judgment or order, or (B) there is a period of 30 consecutive days during which a stay of enforcement of such judgment, by reason of a pending appeal or otherwise, is not
in effect; or 
 (i) ERISA. (i) An ERISA Event occurs with respect to a Pension Plan or Multiemployer Plan which has resulted or
could reasonably be expected to result in liability of the Borrower under Title IV of ERISA to the Pension Plan, Multiemployer Plan or the PBGC in 

  

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an aggregate amount in excess of $50,000, or (ii) the Borrower or any ERISA Affiliate fails to pay when due, after the expiration of any applicable
grace period, any installment payment with respect to its withdrawal liability under Section 4201 of ERISA under a Multiemployer Plan in an aggregate amount in excess of $50,000; or 
 (j) Invalidity of Loan Documents; Event of Default under Loan Documents. Any provision of any Loan Document, at any time after its execution and
delivery and for any reason other than as expressly permitted hereunder or thereunder or satisfaction in full of all the Obligations, ceases to be in full force and effect; or any Loan Party or any other Person contests in any manner the validity or
enforceability of any provision of any Loan Document; or any Loan Party denies that it has any or further liability or obligation under any Loan Document, or purports to revoke, terminate or rescind any provision of any Loan Document; or any event
of default shall occur under any other Loan Document; or 
 (k) Change of Control. There occurs any Change of Control that has not
been expressly approved by the Lender in advance in writing in accordance with Section 10.01; or 
 (l) Material
Agreements. (i) Any Material Agreement is terminated or expires unless a replacement for such Material Agreement in form and substance reasonably satisfactory to the Lender is entered into within 30 days of such termination or expiration;
(ii) there occurs a default by any Person in the performance or observance of any material term of any Material Agreement which is not cured within any applicable cure period therein; or (iii) any provision of any Material Agreement is
amended in any manner that adversely affects any material right of the Borrower or the applicable Subsidiary party thereto, as determined in the good faith judgment of the Lender; or 
 (m) Subordination Agreements. (i) Any provision of any Subordination Agreement at any time after the incurrence of such Subordinated
Indebtedness ceases to be in full force and effect for any reason other than a satisfaction of such Indebtedness that is permitted hereby and by such Subordination Agreement; or (ii) the Borrower, any Subsidiary or Affiliate of the Borrower or
any holder of any Subordinated Indebtedness breaches or contests in any manner the validity or enforceability of any provision of any Subordination Agreement; or 
 (n) Failure of Security. The Lender shall cease to have a valid and perfected first priority security interest in any of the Collateral other than the failure of the Lender to take any action within its
control. 
 9.02 Remedies Upon Event of Default. If any Event of Default occurs and is continuing, the Lender may take any or all of
the following actions: 
 (a) declare the Commitment to be terminated, whereupon the Commitment shall be terminated; 
 (b) declare the unpaid principal amount of all outstanding Loans, all interest accrued and unpaid thereon, and all other amounts owing or payable
hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by the Borrower; 
  

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 (c) require that the Borrower Cash Collateralize the L/C Obligations (in an amount equal to the then
Outstanding Amount thereof); and 
 (d) exercise all rights and remedies available to it under the Loan Documents or applicable Laws;

 provided, however, that upon the occurrence of an actual or deemed entry of an order for relief with respect to the Borrower under the
Bankruptcy Code of the United States, the Commitment shall automatically terminate, the unpaid principal amount of all outstanding Loans and all interest and other amounts as aforesaid shall automatically become due and payable, and the obligation
of the Borrower to Cash Collateralize the L/C Obligations as aforesaid shall automatically become effective, in each case without further act of the Lender. 
 9.03 Application of Funds. After the exercise of remedies provided for in Section 9.02 (or after the Loans have automatically become immediately due and payable and the L/C Obligations have
automatically been required to be Cash Collateralized as set forth in the proviso to Section 9.02), any amounts received on account of the Obligations shall be applied by the Lender in such order as it elects in its sole discretion.

 ARTICLE X. 
 MISCELLANEOUS 
 10.01 Amendments; Etc. No amendment or waiver of any provision of this Agreement or any other Loan
Document, and no consent to any departure by the Borrower or any other Loan Party therefrom, shall be effective unless in writing signed by the Lender and the Borrower or the applicable Loan Party, as the case may be, and each such waiver or consent
shall be effective only in the specific instance and for the specific purpose for which given. 
 10.02 Notices, Effectiveness; Electronic
Communication. 
 (a) Notices Generally. Except in the case of notices and other communications expressly permitted to be given by
telephone (and except as provided in subsection (b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent
by telecopier as follows, and all notices and other communications expressly permitted hereunder to be given by telephone shall be made to the address, facsimile number, electronic mail address or telephone number specified for such Person on
Schedule 10.02. 
 Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed
to have been given when received; notices sent by facsimile shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the
next business day for the recipient). Notices delivered through electronic communications to the extent provided in subsection (b) below, shall be effective as provided in such subsection (b). 
  

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 (b) Electronic Communications. Notices and other communications to the Lender hereunder may be
delivered or furnished by electronic communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by the Lender. The Lender or the Borrower may, in its discretion, agree to accept notices and other
communications to it hereunder by electronic communications pursuant to procedures approved by it, provided that approval of such procedures may be limited to particular notices or communications. 
 Unless the Lender otherwise prescribes, (i) notices and other communications sent to an e-mail address shall be deemed received upon the
sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement), provided that if such notice or other
communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next business day for the recipient, and (ii) notices or
communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause (i) of notification that such notice or communication
is available and identifying the website address therefor. 
 (c) Change of Address, Etc. Each of the Borrower and the Lender may
change its address, facsimile or telephone number for notices and other communications hereunder by notice to the other parties hereto. 
 (d) Reliance by Lender. The Lender shall be entitled to rely and act upon any notices (including telephonic Loan Notices) purportedly given by or on behalf of the Borrower even if (i) such notices were not made in a manner
specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Borrower shall indemnify the
Lender and the Related Parties of the Lender from all losses, costs, reasonable expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of the Borrower. All telephonic notices to and other
telephonic communications with the Lender may be recorded by the Lender, and the Borrower hereby consents to such recording. 
 10.03 No
Waiver; Cumulative Remedies. No failure by the Lender to exercise, and no delay by the Lender in exercising, any right, remedy, power or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any
right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exclusive
of any rights, remedies, powers and privileges provided by law. 
 10.04 Expenses; Indemnity; Damage Waiver. 
 (a) Costs and Expenses. The Borrower shall pay (i) all reasonable out of pocket expenses incurred by the Lender and its Affiliates (including
the reasonable fees, charges and disbursements of counsel for the Lender), in connection with the preparation, negotiation, execution, delivery and administration of this Agreement and the other Loan Documents or any amendments, modifications or
waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable out of pocket expenses incurred by the Lender in connection with the issuance, amendment,
renewal or 

  

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extension of any Letter of Credit or any demand for payment thereunder and (iii) all out of pocket expenses incurred by the Lender (including the
reasonable fees, charges and disbursements of any counsel for the Lender), and shall pay all reasonable fees and time charges for attorneys who may be employees of the Lender, in connection with the enforcement or protection of its rights
(A) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (B) in connection with the Loans made or Letters of Credit issued hereunder, including all such out of pocket expenses incurred
during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit. 
 (b) Indemnification by the
Borrower. The Borrower shall indemnify the Lender and each Related Party of the Lender (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages,
liabilities and related expenses (including the reasonable fees, charges and disbursements of any counsel for any Indemnitee), and shall indemnify and hold harmless each Indemnitee from all reasonable fees and time charges and disbursements for
attorneys who may be employees of any Indemnitee, incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrower, any other Loan Party or BCD arising out of, in connection with, or as a result of (i) the
execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the
transactions contemplated hereby or thereby, (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by the Lender to honor a demand for payment under a Letter of Credit if the documents
presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous Materials on or from any property owned or operated by the Borrower or any of
its Subsidiaries, or any Environmental Liability related in any way to the Borrower or any of its Subsidiaries, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on
contract, tort or any other theory, whether brought by a third party or by the Borrower, any other Loan Party or BCD, and regardless of whether any Indemnitee is a party thereto; provided that such indemnity shall not, as to any Indemnitee,
be available to the extent that such losses, claims, damages, liabilities or related expenses (x) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful
misconduct of such Indemnitee or (y) result from a claim brought by the Borrower or any other Loan Party against an Indemnitee for breach in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document, if the
Borrower or such Loan Party has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction. 
 (c) Waiver of Consequential Damages, Etc. To the fullest extent permitted by applicable Laws, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for
special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or
thereby, the transactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof. No Indemnitee referred to in subsection (b) above shall be liable for any damages arising from the use by unintended
recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby
or thereby. 
  

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 (d) Payments. All amounts due under this Section shall be payable not later than ten Business Days
after demand therefor. 
 (e) Survival. The agreements in this Section shall survive the termination of the Commitment and the
repayment, satisfaction or discharge of all the other Obligations. 
 10.05 Payments Set Aside. To the extent that any payment by or
on behalf of the Borrower is made to the Lender, or the Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or
required (including pursuant to any settlement entered into by the Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then, to the extent of
such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such set-off had not occurred. 
 10.06 Successors and Assigns. 
 (a)
The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that the Borrower may not assign or otherwise transfer any of its rights or
obligations hereunder without the prior written consent of the Lender and the Lender may not assign or otherwise transfer any of its rights or obligations hereunder except (i) to an Eligible Assignee in accordance with the provisions of
subsection (b) of this Section, (ii) by way of participation in accordance with the provisions of subsection (c) of this Section, or (iii) by way of pledge or assignment of a security interest subject to the restrictions of
subsection (e) of this Section (and any other attempted assignment or transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties
hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in subsection (c) of this Section and, to the extent expressly contemplated hereby, the Indemnitees) any legal or equitable right, remedy or
claim under or by reason of this Agreement. 
 (b) The Lender may at any time assign to one or more Eligible Assignees all or a portion of
its rights and obligations under this Agreement (including all or a portion of the Commitment, the Loans and L/C Obligations at the time owing to it) pursuant to documentation acceptable to the Lender and the assignee, it being understood and agreed
that with respect to any Letters of Credit outstanding at the time of any such assignment, the Lender may sell to the assignee a ratable participation in such Letters of Credit; provided, however, that the Lender shall hold at least 50% of the
Commitment hereunder, provided that the Lender shall not be required to hold such percentage of the Commitment upon the occurrence and during the continuation of an Event of Default. From and after the effective date specified in such documentation,
such Eligible Assignee shall be a party to this Agreement and, to the extent of the interest assigned by the Lender, have the rights and obligations of the Lender under this Agreement, and the Lender shall, to the extent of the interest so assigned,
be released from its 

  

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obligations under this Agreement (and, in the case of an assignment of all of the Lender’s rights and obligations under this Agreement, shall cease to
be a party hereto but shall continue to be entitled to the benefits of Sections 4.01, 4.04, and 10.04 with respect to facts and circumstances occurring prior to the effective date of such assignment, and shall continue to
have all of the rights provided hereunder to the Lender in its capacity as issuer of any Letters of Credit outstanding at the time of such assignment). Upon request, the Borrower (at its expense) shall execute and deliver new or replacement Notes to
the Lender and the assignee, and shall execute and deliver any other documents reasonably necessary or appropriate to give effect to such assignment and to provide for the administration of this Agreement after giving effect thereto. 
 (c) The Lender may at any time, without the consent of, or notice to, the Borrower, sell participations to any Person (other than a natural person or the
Borrower or any of the Borrower’s Affiliates or Subsidiaries) (each, a “Participant”) in all or a portion of the Lender’s rights and/or obligations under this Agreement (including all or a portion of its Commitment and/or
the outstanding Letters of Credit and/or the Loans and/or the reimbursement obligations in respect of Letters of Credit); provided that (i) the Lender’s obligations under this Agreement shall remain unchanged, (ii) the Lender
shall remain solely responsible to the Borrower for the performance of such obligations and (iii) the Borrower shall continue to deal solely and directly with the Lender in connection with the Lender’s rights and obligations under this
Agreement. Any agreement or instrument pursuant to which the Lender sells such a participation shall provide that the Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision
of this Agreement; provided that such agreement or instrument may provide that the Lender will not, without the consent of the Participant, agree to any amendment, waiver or other modification that would (i) postpone any date upon which
any payment of money is scheduled to be made to such Participant, (ii) reduce the principal, interest, fees or other amounts payable to such Participant (provided, however, that the Lender may, without the consent of the
Participant, (A) amend any financial covenant hereunder (or any defined term used therein) even if the effect of such amendment would be to reduce the rate of interest on any Loan or Letter of Credit reimbursement obligation or to reduce any
fee payable hereunder and (B) waive the right to be paid interest at the Default Rate), (iii) release all or any material part of the Collateral, or (iv) release any Guarantor from the Guaranty. Subject to subsection (d) of this
Section, the Borrower agrees that each Participant shall be entitled to the benefits of Sections 4.01 and 4.04 to the same extent as if it were the Lender and had acquired its interest by assignment pursuant to subsection
(b) of this Section. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 10.08 as though it were the Lender. 
 (d) A Participant shall not be entitled to receive any greater payment under Section 4.01 or 4.04 than the Lender would have been
entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Borrower’s prior written consent. A Participant that is not a “United States
person” within the meaning of Section 7701(a)(30) of the Code shall not be entitled to the benefits of Section 4.01 unless the Borrower is notified of the participation sold to such Participant and such Participant agrees, for
the benefit of the Borrower, to provide to the Lender such tax forms prescribed by the IRS as are necessary or desirable to establish an exemption from, or reduction of, U.S. withholding tax. 
  

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 (e) The Lender may at any time pledge or assign a security interest in all or any portion of its rights
under this Agreement (including under the Note, if any) to secure obligations of the Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank; provided that no such pledge or assignment shall release the
Lender from any of its obligations hereunder or substitute any such pledgee or assignee for the Lender as a party hereto. 
 10.07
Confidentiality. The Lender agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its and its Affiliates and to its Affiliates’ respective partners, directors,
officers, employees, agents, advisors and representatives (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential),
(b) to the extent requested by any regulatory authority purporting to have jurisdiction over it, (c) to the extent required by applicable Laws or regulations or by any subpoena or similar legal process, (d) to any other party hereto,
(e) in connection with the exercise of any remedies hereunder or under any other Loan Document or any action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder,
(f) subject to an agreement containing provisions substantially the same as those of this Section, to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this
Agreement or (ii) any actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating to the Borrower and its obligations, (g) with the consent of the Borrower or (h) to the extent such Information
(x) becomes publicly available other than as a result of a breach of this Section or (y) becomes available to the Lender on a nonconfidential basis from a source other than the Borrower. For purposes of this Section,
“Information” means all information received from the Borrower or any Subsidiary relating to the Borrower or any Subsidiary or any of their respective businesses, other than any such information that is available to the Lender on a
nonconfidential basis prior to disclosure by the Borrower or any Subsidiary, provided that, in the case of information received from the Borrower or any Subsidiary after the date hereof, such information is clearly identified at the time of
delivery as confidential. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to
maintain the confidentiality of such Information as such Person would accord to its own confidential information. 
 10.08 Right of
Setoff. If an Event of Default shall have occurred and be continuing, the Lender and each of its Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by applicable Laws, to setoff and apply any and
all deposits (general or special, time or demand, provisional or final, in whatever currency) at any time held and other obligations (in whatever currency) at any time owing by the Lender or any such Affiliate to or for the credit or the account of
the Borrower against any and all of the obligations of the Borrower now or hereafter existing under this Agreement or any other Loan Document to the Lender, irrespective of whether or not the Lender shall have made any demand under this Agreement or
any other Loan Document and although such obligations of the Borrower may be contingent or unmatured or are owed to a branch or office of the Lender different from the branch or office holding such deposit or obligated on such indebtedness. The
rights of the Lender and its Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff) that the Lender or its Affiliates may have. The Lender agrees to notify the Borrower promptly after any such
setoff and application; provided that the failure to give such notice shall not affect the validity of such setoff and application. 
  

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 10.09 Interest Rate Limitation. Notwithstanding anything to the contrary contained in any Loan
Document, the interest paid or agreed to be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable Laws (the “Maximum Rate”). If the Lender shall receive interest in an
amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrower. In determining whether the interest contracted for, charged, or received by
the Lender exceeds the Maximum Rate, the Lender may, to the extent permitted by applicable Laws, (a) characterize any payment that is not principal as an expense, fee, or premium rather than interest, (b) exclude voluntary prepayments and
the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations hereunder. 
 10.10 Counterparts; Integration; Effectiveness. This Agreement may be executed in counterparts (and by different parties hereto in different
counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement and the other Loan Documents constitute the entire contract among the parties relating to the subject
matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. Except as provided in Section 5.01, this Agreement shall become effective when it shall have been
executed by the Lender and when the Lender shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto. Delivery of an executed counterpart of a signature page of this Agreement by
telecopy shall be effective as delivery of a manually executed counterpart of this Agreement. 
 10.11 Survival of Representations and
Warranties. All representations and warranties made hereunder and in any other Loan Document or other document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive the execution and delivery hereof and
thereof. Such representations and warranties have been or will be relied upon by the Lender, regardless of any investigation made by the Lender or on its behalf and notwithstanding that the Lender may have had notice or knowledge of any Default at
the time of any Credit Extension, and shall continue in full force and effect as long as any Loan or any other Obligation hereunder shall remain unpaid or unsatisfied or any Letter of Credit shall remain outstanding. 
 10.12 Severability. If any provision of this Agreement or the other Loan Documents is held to be illegal, invalid or unenforceable, (a) the
legality, validity and enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the illegal,
invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular jurisdiction shall not
invalidate or render unenforceable such provision in any other jurisdiction. 
  

 -66- 

 10.13 Governing Law; Jury Trial Waiver. 
 (a) THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF GEORGIA APPLICABLE TO AGREEMENTS MADE AND TO BE
PERFORMED ENTIRELY WITHIN SUCH STATE; PROVIDED THAT THE LENDER SHALL RETAIN ALL RIGHTS ARISING UNDER FEDERAL LAW. 
 (b) TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAWS, THE BORROWER HEREBY KNOWINGLY, INTENTIONALLY AND INTELLIGENTLY WAIVES (WITH THE BENEFIT OF ADVICE OF LEGAL COUNSEL OF ITS OWN CHOOSING): (I) THE RIGHT TO TRIAL BY JURY (WHICH THE LENDER HEREBY ALSO
WAIVES) IN ANY ACTION, SUIT, PROCEEDING OR COUNTERCLAIM OF ANY KIND ARISING OUT OF, RELATED TO OR BASED IN ANY WAY UPON ANY OF THE LOAN DOCUMENTS, THE OBLIGATIONS OR THE COLLATERAL; (II) NOTICE PRIOR TO TAKING POSSESSION OR CONTROL OF ANY OF
THE COLLATERAL AND THE REQUIREMENT TO DEPOSIT OR POST ANY BOND OR OTHER SECURITY WHICH MIGHT OTHERWISE BE REQUIRED BY ANY COURT OR APPLICABLE LAWS PRIOR TO ALLOWING THE LENDER TO EXERCISE ANY OF THE LENDER’S SELF-HELP OR JUDICIAL REMEDIES TO
OBTAIN POSSESSION OF ANY OF THE COLLATERAL; (III) ANY CLAIM AGAINST THE LENDER ON ANY THEORY OF LIABILITY, FOR SPECIAL, INDIRECT, CONSEQUENTIAL, EXEMPLARY OR PUNITIVE DAMAGES ARISING OUT OF, IN CONNECTION WITH, OR AS A RESULT OF ANY OF THE LOAN
DOCUMENTS, ANY TRANSACTION THEREUNDER, THE ENFORCEMENT OF ANY REMEDIES BY THE LENDER OR THE USE OF ANY PROCEEDS OF ANY LOANS; AND (IV) NOTICE OF ACCEPTANCE OF THIS AGREEMENT BY THE LENDER. 
 10.14 USA PATRIOT Act Notice. The Lender that is subject to the Act (as hereinafter defined) and hereby notifies the Borrower that pursuant to the
requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”), it is required to obtain, verify and record information that identifies the Borrower, which information includes
the name and address of the Borrower and other information that will allow the Lender to identify the Borrower in accordance with the Act. 
 10.15 Time of the Essence. Time is of the essence of the Loan Documents. 
 [Signature pages follow] 
  

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

			
	TRX, INC.
		
	By:	 	/s/    David D. Cathcart
		
	Name:	 	David D. Cathcart
		
	Title:	 	Chief Financial Officer, Treasurer and Secretary

 [Signatures Continue on Following Page] 
 CREDIT AGREEMENT 
 Signature Page 

			
	ATLANTIC CAPITAL BANK
		
	By:	 	/s/    Robert Bugbee
		
	Name:	 	Robert Bugbee
		
	Title:	 	Senior Vice President

 CREDIT AGREEMENT 
 Signature PageOffice Lease, dated June 25, 2008

 Exhibit 10.2 
 OFFICE LEASE 
 THIS LEASE, made as of this 25th day of June, 2008 (“Effective Date”) by and between NNN
Park Central, LLC, NNN Park Central 1, LLC, NNN Park Central 2, LLC, NNN Park Central 3, LLC, NNN Park Central 4, LLC, NNN Park Central 5, LLC, NNN Park Central 6, LLC, NNN Park Central 7, LLC, NNN Park Central 9, LLC, NNN Park Central 10, LLC, NNN
Park Central 11, LLC, NNN Park Central 12, LLC, NNN Park Central 13, LLC, NNN Park Central 14, LLC, NNN Park Central 15, LLC, NNN Park Central 16, LLC, NNN Park Central 17, LLC, NNN Park Central 18, LLC, NNN Park Central 19, LLC, a Delaware
limited liability company (“Landlord”) acting by and through Triple Net Properties Realty, Inc. (“Agent” for Landlord) and TRX, INC., a Georgia corporation (“Tenant”). 
 INDEX 
  

			
	 Article
	  	 Title

	  1.	  	Basic Provisions
	  2.	  	Premises, Term and Commencement Date
	  3.	  	Rent
	  4.	  	Taxes and Operating Expenses
	  5.	  	Landlord’s Work, Tenant’s Work, Alterations and Additions
	  6.	  	Tenant’s Use, Restrictions and Compliance with Laws
	  7.	  	Services
	  8.	  	Insurance
	  9.	  	Indemnification
	10.	  	Casualty Damage
	11.	  	Condemnation
	12.	  	Repair and Maintenance
	13.	  	Inspection of Premises
	14.	  	Surrender of Premises
	15.	  	Holding Over
	16.	  	Subletting and Assignment
	17.	  	Subordination, Non-Disturbance, Attornment and Mortgagee Protection
	18.	  	Estoppel Certificate
	19.	  	Defaults
	20.	  	Remedies of Landlord
	21.	  	Quiet Enjoyment
	22.	  	Accord and Satisfaction
	23.	  	Security Deposit
	24.	  	Brokerage Commission
	25.	  	Force Majeure
	26.	  	Parking
	27.	  	Hazardous Materials
	28.	  	Additional Rights Reserved by Landlord
	29.	  	Defined Terms
	30.	  	Miscellaneous Provisions
	31.	  	Additional Provisions

  

 - 1 - 

 EXHIBITS 
  

			
	 Exhibit A
	  	Plan Showing Property and Premises
	 Exhibit B
	  	Landlord’s Work Letter
	 Exhibit B-1
	  	Plans
	 Exhibit C
	  	Tenant’s Work
	 Exhibit D
	  	Building’s Rules and Regulations
	 Exhibit E
	  	Commencement Date Confirmation
	 Exhibit F
	  	Form of Subordination, Non-Disturbance, and Attornment Agreement
	 Exhibit G
	  	Right to Termination
	 Exhibit H
	  	Intentionally Deleted
	 Exhibit I
	  	Tenant’s Parking Area
	 Exhibit J
	  	Letter of Credit Provisions
	 Exhibit J-1
	  	Form of Letter of Credit
	 Exhibit J-2
	  	Certificate
	 Exhibit J-3
	  	Sight Draft
	 Exhibit J-4
	  	Notice of Transfer
	 Exhibit K
	  	Storage Spaces
	 Exhibit L
	  	Expansion Space
	 Exhibit M
	  	Generator Area/ Bicycle and Other Vehicle Area
	 Exhibit N
	  	Janitorial Specifications
	 Exhibit O
	  	Location of Building Signs and Signage Specifications

  

 - 2 - 

 ARTICLE 1.  
 BASIC PROVISIONS 
  

	A.	Tenant: TRX, Inc., a Georgia corporation 

  

	B.	Tenant’s Address: The Park Central, 2970 Clairmont Road, Suites 300 & 400, Atlanta, Georgia 30329 

  

	C.	Office Building Address: The Park Central, 2970 Clairmont Road, Atlanta, Georgia 30329 

  

			
	 D.     Premises:
	  	Square feet (Rentable): Approximately 21,721 rentable square feet in Suite 300 on the third (3rd) floor of the Building and approximately 21,841 rentable square feet in Suite 400 on the fourth (4th) floor of the Building for
a total of 43,562 rentable square feet.

  

	E.	Landlord: NNN Park Central, LLC, NNN Park Central 1, LLC, NNN Park Central 2, LLC, NNN Park Central 3, LLC, NNN Park Central 4, LLC, NNN Park Central 5, LLC, NNN Park Central 6,
LLC, NNN Park Central 7, LLC, NNN Park Central 9, LLC, NNN Park Central 10, LLC, NNN Park Central 11, LLC, NNN Park Central 12, LLC, NNN Park Central 13, LLC, NNN Park Central 14, LLC, NNN Park Central 15, LLC, NNN Park Central 16, LLC, NNN Park
Central 17, LLC, NNN Park Central 18, LLC, NNN Park Central 19, LLC, a Delaware limited liability company 

  

			
	 F.      Landlord’s Address:
	  	c/o Grubb & Ellis Realty Investors
		  	 ATTN: Asset Management
 1551 North Tustin
Avenue
 Santa Anna, CA 29705

  

	G.	Building Manager/Address: Grubb & Ellis Management Services, Inc., Management Office, 2970 Clairmont Road, Suite 160, Atlanta, Georgia 30329, or such other person as
Landlord may designate from time to time. 

  

	H.	Commencement Date: The later of (i) the date the Premises are substantially complete, (ii) the date that the certificate of occupancy is received, or
(iii) November 1, 2008 (subject to adjustment according to the terms contained in Article 5(A). Tenant shall be allowed access to the Premises (i) thirty (30) days prior to the Commencement Date for installation of furniture and
(ii) sixty (60) days prior to the Commencement Date for cabling and equipment purposes; and Tenant shall not incur any Rent or Additional Rent liability during this time. 

  

	 I.
	 Expiration Date: The last day of the one-hundred thirty second (132nd) full months following the Commencement Date. 

  

	J.	Security Deposit: One Million Five-Hundred Thousand and 00/100 U.S. Dollars ($1,500,000.00). 

  

 - 3 - 

	K.	Monthly Base Rent*: 

  

									
	 Period
	  	Rate Per Rentable
Square Foot	  	Rentable
Square
Feet	  	Monthly
Base Rent
	 Months 01 – 12
	  	$	19.00	  	43,562	  	$	68,973.17
	 Months 13 – 24
	  	$	19.50	  	43,562	  	$	70,788.25
	 Months 25 – 36
	  	$	20.00	  	43,562	  	$	72,603.33
	 Months 37 – 48
	  	$	20.50	  	43,562	  	$	74,418.42
	 Months 49 – 60
	  	$	21.00	  	43,562	  	$	76,233.50
	 Months 61 – 72
	  	$	21.50	  	43,562	  	$	78,048.58
	 Months 72 – 84
	  	$	22.00	  	43,562	  	$	79,863.67
	 Months 85 – 96
	  	$	22.50	  	43,562	  	$	81,678.75
	 Months 97 – 108
	  	$	23.00	  	43,562	  	$	83,493.83
	 Months 109 – 120
	  	$	23.50	  	43,562	  	$	85,308.92
	 Months 121 – 132
	  	$	24.00	  	43,562	  	$	87,124.00

  

	*	Excused Rent. Provided Tenant is not then in default and has timely cured all prior defaults, if any, and notwithstanding the Monthly Base Rent shown in the chart above,
Tenant shall be excused of its obligation for the payment of Monthly Base Rent for the following full calendar months of the Term: 1 through 3, 13 through 15, 25 through 27, and 37 through 39 due and payable hereunder (“Conditionally Excused
Rent”). However, Tenant shall pay Operating Expenses, Taxes, and other charges due pursuant to the terms hereof as of January 1, 2010 including any month for which Tenant is entitled to Excused Rent. 

 In the event Tenant subsequently defaults in any of its obligations under the Lease and Landlord terminates: (i) this Lease in accordance with its
termination provisions; or (ii) Tenant’s right of possession of the Premises, or (iii) both (i) and (ii), then the Conditionally Excused Rent (to the extent excused as of the date of such subsequent default) shall immediately
become due and payable to Landlord. 
  

	L.	Operating Expenses Base: Actual Operating Expenses for calendar year 2009. 

  

	M.	Tax Base: Actual Taxes for calendar year 2009. 

  

	N.	Tenant’s Pro Rata Share: 20.527%. Tenant’s Pro Rata Share shall be determined by and adjusted by Landlord from time to time (but shall not be readjusted sooner than the
commencement of the second Lease Year), by dividing the Tenant’s Rentable Square Feet of the Premises by the rentable area of the Building (which is agreed to contain approximately 212,211 rentable square feet) and multiplying the resulting
quotient, to the second decimal place, by one hundred. 

  

 - 4 - 

	O.	Normal Business Hours of the Building: 

 Monday through
Friday: 8 a.m. to 6 p.m. 
 Saturday: 9 a.m. to 1p.m. 
 (Excepting the following national holidays: New Year’s Day, Memorial Day, Independence Day, Labor Day, Thanksgiving and Christmas Day) 
  

	P.	Use: General office and for no other business or purpose without the prior written consent of Landlord. 

  

	Q.	Brokers: 

 Cushman & Wakefield of Georgia, Inc.
(Representing Tenant) 
 55 Ivan Allen Jr. Blvd., Suite 700 
 Atlanta, GA 30308 
 Attn: Dean Stiles 
 Grubb & Ellis Company of Georgia (Representing Landlord) 
 3424 Peachtree Road, N.E., Suite 800 
 Atlanta, GA 30326 
 ATTN: Sam Zelony 
  

	R.	Parking: Tenant shall be entitled to: the non-exclusive use in common with Landlord and others of a maximum of two hundred (200) parking spaces (on terms contained in Article
26) in the Parking Facility; and exclusive use of five (5) reserved parking spaces in the garage on the lobby entry level (as shown on Exhibit I attached hereto and incorporated herein by this reference), all as provided in Article 26.

  

	S.	Base Year: 2009. 

 The foregoing provisions shall be interpreted and
applied in accordance with the other provisions of this Lease set forth below. The capitalized terms, and the terms defined in Article 29, shall have the meanings set forth herein or therein (unless otherwise modified in the Lease) when used as
capitalized terms in other provisions of the Lease. 
  

	Landlord	and Tenant hereby stipulate that the Premises contain the number of square feet specified in Article 1(D), above. 

 ARTICLE 2.  
 PREMISES, TERM AND
COMMENCEMENT DATE 
 Subject to the terms and conditions set forth herein, Landlord hereby leases and demises to Tenant and Tenant hereby
takes and leases from Landlord that certain space identified in Article 1(D) and shown on a plan attached hereto as Exhibit A (“Premises”) for a term (“Term”) commencing on the Commencement Date and ending on the Expiration Date
set forth in Article 1, unless sooner terminated as provided herein. The Commencement Date set forth in Article 1 shall be advanced to such earlier date as Tenant commences occupancy of the Premises for the conduct of its business. Such date shall
be confirmed by execution of the Commencement Date Confirmation in the form as set forth in Exhibit E, which Tenant shall execute and return to Landlord within five (5) days after receipt thereof. If Landlord delays delivering possession of the
Premises or 

  

 - 5 - 

 
substantial completion of any Landlord’s Work under Exhibit B, this Lease shall not be void or voidable, except as provided in Article 5. Tenant shall
be permitted to either terminate or extend the original Term hereof in accordance with the provisions of Exhibit G attached hereto. Notwithstanding anything in this Lease to the contrary, this Lease shall be fully enforceable and binding on the
parties as of the Effective Date. 
 All square footage utilized in this Lease has been or will be as to future space, made by Tenant’s
architect in a certificate (to be delivered to Landlord no later than fourteen (14) days following the Effective Date) in accordance with “Standard Method for Measuring Floor Area in Office Buildings”, published by the Secretariat,
Buildings Owners and Managers Association International (ANSI/BOMA Z65.1 - 1996), approved June 7, 1996. Tenant’s Base Rent, Tenant’s Pro Rata Share, and Landlord’s allowance for Tenant improvement costs shall be adjusted based
on such final measurement. If the parties cannot come to an agreement with respect to final measurement of the Premises or if Tenant’s architect fails to timely submit its certificate, a certificate by Landlord’s architect as to the final
square footage shall be controlling. If the final square footage is higher by 5% or more than the estimate shown in Article I (D), such that Tenant has to revise its space plan, Landlord shall pay Tenant’s actual costs for such space plan
revisions in an amount not to exceed $0.12 per square foot. 
 ARTICLE 3. 
 RENT 
 A. Monthly Base Rent. Tenant shall pay Monthly Base Rent in
advance on or before the first day of each month of the Term without demand, setoff or deduction except as otherwise expressly set forth in this Lease. If the Term shall commence and end on a day other than the first day of a month: (1) the
Monthly Base Rent for the first and last partial month shall be prorated on a per diem basis; and (2) the first escalation of Monthly Base Rent as set forth in Article 1(K) shall take effect following the twelfth full month of the Term.
Notwithstanding the foregoing language to the contrary, Tenant shall pay the Monthly Base Rent for the first month during the Term for which Monthly Base Rent is due on or before the Commencement Date. 
 B. Additional Rent. All costs and expenses, other than Monthly Base Rent, which Tenant assumes or agrees to pay and any other sum payable by
Tenant pursuant to this Lease, including, without limitation, its share of Taxes and Operating Expenses, shall be deemed Additional Rent. 
 C. Rent. Monthly Base Rent, Additional Rent, Taxes and Operating Expenses and any other amounts of every nature which Tenant is or becomes obligated to pay Landlord under this Lease are herein referred to collectively as
“Rent”, and all remedies applicable to the nonpayment of Rent shall be applicable thereto. Landlord may apply payments received from Tenant to any obligations of Tenant then accrued, without regard to such obligations as may be designated
by Tenant. 
 D. Place of Payment, Late Charge, Default Interest. Rent and other charges required to be paid under this Lease, no
matter how described, shall be paid by Tenant to Landlord without offset, deduction, credit or the like, at the Building Manager’s address listed in Article 1, or to such other person and/or address as Landlord may designate in writing. In the
event Tenant fails to pay Rent due under this Lease within ten (10) days of the due date of said Rent, Tenant shall pay to Landlord a late charge of ten percent (10%) of the amount overdue. Any Rent not paid when due shall also bear

  

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interest at the Default Rate commencing on the due date thereof. This provision shall in no way be construed to modify Tenant’s obligation to pay Rent
on or before the first (1st) day of the month. 
 E. Intentionally Omitted. 
 F. Lockbox Payments. Landlord shall at any time have the right to instruct Tenant to make payments required under this Lease to a lockbox at
a financial institution of Landlord’s choosing. To the extent that Landlord instructs Tenant to make payments to such lockbox, Tenant shall thereafter deliver all its payments to the lockbox (unless and until
otherwise instructed in writing) and such payments shall be deemed payment to Landlord. Landlord may revoke any such lockbox agency and such lockbox payment instructions by written notice to Tenant. Upon Landlord’s issuance of
notice of revocation of the lockbox agency and instructions, Tenant shall make any and all further payments to such alternate address and location as directed by Landlord. Tenant shall follow all such payment instructions. In the
event that Landlord has terminated either Tenant’s right to possession of the Premises or the Lease, or either of them, payments by Tenant to the lockbox may, if deposited through the lockbox, shall not reinstate the Lease or
Tenant’s right of possession in the Premises, and such payments as are thereafter made to the lockbox may be refunded by Landlord without prejudice to Landlord’s exercise of remedies terminating Tenant’s right of
possession or the Lease, and without reinstating the Lease or Tenant’s right of possession in the Premises.
 ARTICLE 4. 

 TAXES AND OPERATING EXPENSES 
 A. Payment of Taxes and Operating Expenses. Commencing with the calendar year following the Base Year and for each calendar year thereafter (hereinafter each referred to as a “Comparison
Year”), Tenant shall pay Landlord an amount equal to Tenant’s Pro Rata Share of Operating Expenses and Taxes incurred by Landlord with respect to the Building for or during such Comparison Year in excess of the Operating Expenses for
the Operating Expenses Base and Taxes for the Tax Base (collectively, the “Escalation Increase”). Landlord shall have the right to change the Comparison Year from a calendar year to a fiscal year from time to time (or vice versa), provided
that equitable adjustment is made so that Tenant shall not be charged more than once for the same period. Commencing with the first month of the first Comparison Year and on the first day of each month thereafter during the original Term or any
extension thereof, Tenant shall pay Escalation Increases to Landlord, as Additional Rent due concurrently with Monthly Base Rent, in installments equal to one-twelfth (1/12) of Landlord’s estimate (as determined by Landlord in its sole
discretion) of Tenant’s Pro Rata Share of any projected increase in the Taxes or Operating Expenses for the particular Comparison Year in excess of the Taxes for the Tax Base or Operating Expenses for the Operating Expenses Base, as the case
may be (the “Estimated Escalation Increase”). A final adjustment (“Escalation Reconciliation”) shall be made by Landlord and Tenant within ninety (90) days following the end of each Comparison Year. In computing the
Estimated Escalation Increase for any particular Comparison Year, Landlord shall take into account any prior increases in Tenant’s Pro Rata Share of Taxes and Operating Expenses. If any Estimated Escalation Increase is less than the Estimated
Escalation Increase for the immediately preceding Comparison Year, the Additional Rent payments to be paid by Tenant for the new Comparison Year attributable to said Estimated Escalation Increase shall be decreased accordingly; provided, however, in
no event will the Rent paid by Tenant hereunder ever be less than the Monthly Base Rent. 
  

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 Landlord shall pay Tenant’s Pro Rata Share of Taxes and Operating Expenses through the first full
calendar year following the Commencement Date. Beginning with the second full calendar year and throughout the Term, Tenant shall pay Tenant’s Pro Rata Share of Taxes and Operating Expenses. Beginning with the second full calendar
year following the Commencement Date and during the balance of the Term, in no event will Tenant’s Pro Rata Share of that part of Operating Expenses that are “controllable” (i.e. all Operating Expenses other than those for
utilities, security, and snow removal) (the “Controllable Expenses”) be greater than the “Controllable Expenses Cap” for such year. The first full calendar year of the initial Term shall be the Base Year for
calculation of the Controllable Expenses Cap during the initial Term. (The Controllable Expenses for such Base Year shall be defined as the actual Controllable Expenses for such year even though the reconciled figures are not calculated
until the following calendar year.) The Controllable Expenses Cap for the second full calendar year shall be 104% of the Controllable Expenses for the Base Year. For each calendar year thereafter during the initial
Term, the Controllable Expenses Cap shall be 104% of the Controllable Expenses Cap for the prior calendar year.
 Beginning with the second
calendar year of each renewal period, in no event will Tenant’s Pro Rata Share of Controllable Expenses be greater than the Controllable Expenses Cap for such calendar year. The first full calendar year of the renewal period
shall be the Base Year for calculation of the Controllable Expenses Cap during the renewal period. (The Controllable Expenses for such Base Year shall be defined as the actual Controllable Expenses for such calendar year even though the reconciled
figures are not calculated until the following calendar year.) The Controllable Expenses Cap for the second calendar year of such renewal period shall be 104% of the Controllable Expenses for the first calendar year of such renewal period. For
each calendar year thereafter during such renewal period, the Controllable Expenses Cap shall be 104% of the Controllable Expenses Cap for the prior calendar year. 
 The last calendar year of the initial Term and the first calendar year of each renewal period shall be adjusted appropriately for any partial calendar year. 
 Tenant shall pay Tenant’s Pro Rata Share of those Operating Expenses that are not controllable throughout the Term without regard to any cap.

 B. Escalation Reconciliation. Within sixty (60) days after the last day of each Comparison Year, Landlord shall submit to
Tenant a statement setting forth the Escalation Increase, if any (the “Escalation Statement”). Beginning with the Escalation Statement for the second Comparison Year, each such statement shall also set forth the Escalation Reconciliation
for the Comparison Year just completed. To the extent that the Escalation Increase in either Taxes or Operating Expenses (the “Operating Expense Escalation” or “Tax Escalation”, as applicable) exceeds the Estimated Escalation
Increase upon which Tenant paid Rent during the Comparison Year just completed, Tenant shall pay Landlord the difference, in cash within thirty (30) days following receipt by Tenant from Landlord of the Escalation Statement. If the Operating
Expense or Tax Escalation is less than the Estimated Escalation Increase, then Tenant shall receive a credit on future Rent owing under this Lease (or, at Tenant’s option, a refund), as the case may be. Until Tenant receives the Escalation
Statement, Tenant’s Estimated Escalation Increases for the new Comparison Year shall continue to be paid at the rate being paid for the particular Comparison Year just completed, and Tenant shall commence payment to 

  

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Landlord of the monthly installment of Additional Rent on the basis of the Escalation Statement beginning on the first day of the month following the month
in which Tenant receives the Escalation Statement. 
 C. Changes in Escalations During the Lease Year. In addition to the above, if,
during any particular Comparison Year, there is a change in the information upon which the then current Estimated Escalation Increase is based so that the Estimated Escalation Statement furnished to Tenant is no longer accurate, Landlord shall be
permitted (but in no event more than one time in any calendar year) to revise such Estimated Escalation Statement by notifying Tenant, and there shall be such adjustments made in the Additional Rent on the first day of the month following the
serving of such statement on Tenant as shall be necessary by either increasing or decreasing, as the case may be, the amount of Estimated Escalation Increases then being paid by Tenant for the balance of the Comparison Year (but in no event shall
any such decrease result in a reduction of the Rent below the Monthly Base Rent plus all other amounts of Additional Rent). Even though the Term has expired and Tenant has vacated the Premises, when the final determination is made of the Escalation
Reconciliation for the Comparison Year in which this Lease terminates, Tenant shall immediately pay to Landlord within thirty (30) days after Landlord’s delivery of the Escalation Reconciliation to Tenant, any additional amounts due as
calculated pursuant to this Article 4. Landlord’s and Tenant’s responsibilities with respect to the Tax and Operating Expense adjustments described herein shall survive the expiration or early termination of this Lease. 
 If the Building is less than ninety-five percent (95%) occupied during any particular Comparison Year, Landlord may adjust those Operating Expenses
which are affected by Building occupancy for the particular Comparison Year, or portion thereof, as the case may be, to reflect an occupancy of not less than ninety-five percent (95%) of all such rentable area of the Building. If the Building
is less than ninety-five percent (95%) occupied during the Base Year, Landlord shall adjust those Operating Expenses which are affected by Building occupancy to reflect occupancy of not less than ninety-five percent (95%) of all such
rentable area of the Building in determining the Operating Expenses Base. 
 D. Disputes Over Taxes or Operating Expenses. If Tenant
disputes the amount of an adjustment or the proposed estimated increase or decrease in Estimated Escalation Increases or Escalation Increases from the previous year, Tenant shall give Landlord written notice of such dispute within sixty
(60) days after the date of Landlord’s notice advising Tenant of such adjustment or proposed increase or decrease incurred. Tenant shall be entitled to audit the foregoing amounts. Said audit will be conducted at Tenant’s expense by a
certified public accountant paid on an hourly basis unrelated to actual savings identified. Tenant shall only be permitted to conduct such a review during regular business hours at Landlord’s office, on prior notice to Landlord and no more than
once in any twelve (12) month period. If such review discloses that the charges actually incurred by Landlord are less than those used by Landlord in calculating Tenant’s proportionate share, then Landlord shall reimburse Tenant for the
amount Tenant paid in excess of Tenant’s actual proportionate share. If any such review discloses that the charges used by Landlord in calculating Tenant’s proportionate share exceeds the actual charges by five percent (5%) or more of
the Operating Expenses or Taxes for such Comparison Year, then Landlord shall pay the reasonable costs of such review. If Tenant does not review Landlord’s records and present Landlord with the findings of such review within one hundred and
eighty (180) days after Tenant’s receipt of the annual reconciliation, then Tenant’s right to review Landlord’s records and contest the reconciliation amounts for the applicable period shall be null and void. No subtenant shall
have the right to conduct an audit and no assignee shall conduct an audit for any period during which such assignee was not in possession of the Premises. 
  

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 Tenant shall continue to timely pay Landlord the amount of the prior year’s adjustment and Estimated
Escalation Increases set forth in the then applicable Estimated Escalation Statement until the parties have agreed as to the appropriate adjustment or have deemed to be bound by the determination of the certified public accountant in accordance with
the preceding terms. Landlord’s delay in submitting any statement contemplated herein for any Comparison Year shall not affect the provisions of this Paragraph, nor constitute a waiver of Landlord’s rights as set forth herein for said
Comparison Year or any subsequent Comparison Year during the Lease Term or any extensions thereof. 
 E. Intentionally Omitted. 

F. Tenant shall pay, prior to delinquency, all taxes assessed against or levied upon trade fixtures, furnishings, equipment and all other personal
property of Tenant located in the Premises and any excise, sales or use taxes related to Tenant’s business. Tenant shall pay directly to the party or entity entitled thereto all business license fees, gross receipts taxes and similar taxes and
impositions which may from time to time be assessed against or levied upon Tenant, as and when the same become due and before delinquency. Notwithstanding anything to the contrary contained herein, any sums payable by Tenant under this Article 4
shall not be included in the computation of “Taxes.” 
 ARTICLE 5. 
 LANDLORD’S WORK, TENANT’S WORK, 
 ALTERATIONS AND ADDITIONS

 A. Landlord’s Work. Landlord shall construct the Premises in accordance with Landlord’s obligations as set forth in
the work letter attached hereto as Exhibit B, and hereinafter referred to as “Landlord’s Work”. Landlord will deliver the Premises to Tenant with all of Landlord’s Work substantially completed (except for minor and non-material
punch list items that Landlord and Tenant reasonably agree will not delay completion of Tenant’s Work, as defined in subparagraph B of this Article) on or before the Commencement Date or other date specified in Exhibit B. As of the date
Landlord delivers the Premises to Tenant, all lighting fixtures shall be in proper working order (subject to minor issues customarily treated as punch list matters) and all interior glass walls and all other walls shall be intact (and all loose
impediments, pallet shelving and other freestanding equipment in the Premises shall be removed) per the prior tenant’s floor plan as viewed by Tenant on March 19, 2008, with any repairs or replacements to such glass walls that are needed
shall be at Landlord’s sole cost and expense (and shall not be paid for from the Tenant Improvement Allowance). If Landlord is delayed in completing Landlord’s Work by strike, shortages of labor or materials, delivery delays, delays caused
by Tenant or other matters beyond the reasonable control of Landlord, then Landlord shall give notice thereof to Tenant and the date on which Landlord is to turn the Premises over to Tenant for Tenant’s Work and the Commencement Date shall be
postponed for an equal number of days as the delay as set forth in the notice. Providing, however, if such delays exceed ninety (90) days, then either Landlord or Tenant upon notice to the other shall have the right to terminate this Lease
without liability to either party. If the Commencement Date is postponed as described above, Tenant shall execute a writing confirming the Commencement Date on such form as set forth in Exhibit E 

  

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attached hereto upon Landlord’s request. So long as Tenant’s early access to the Premises does not interfere with Landlord’s Work in the
Premises, Landlord shall (a) provide Tenant with access to the Premises immediately following the Effective Date for the limited purpose of viewing and measuring the Premises during Tenant’s design and layout process, (b) provide
Tenant early occupancy at least sixty (60) days prior to the Commencement Date to allow Tenant to complete its cabling and equipment installation, and (c) provide Tenant early occupancy at least thirty (30) days prior to the
Commencement Date to allow Tenant to complete its fixturing and furnishing work. Tenant’s early access and possession of the Premises shall be upon all of the terms and conditions of this Lease except Tenant shall pay no rent with respect to
such early possession period. 
 B. Tenant’s Work. Intentionally Omitted. 
 C. Alterations. Except as provided in the immediately preceding subparagraph, Tenant shall make no alterations or additions of more than
$20,000.00 per occurrence to the Premises (“Alterations”) without the prior written consent of Landlord, which consent may be withheld in Landlord’s sole discretion as to alterations which adversely effect or impair the structural
integrity of or the efficient and proper operation of the operating systems of the Building. Notwithstanding the foregoing, Tenant, without the need for Landlord consent but only following notice to Landlord, may perform or cause to be performed any
alterations, cosmetic in nature, in the Premises but only if such work is not structural in nature and does not involve Building, mechanical, HVAC or electrical or communication systems. Tenant shall, at its sole cost and expense, obtain all
necessary approvals and permits pertaining to any Alterations approved by Landlord. Tenant hereby indemnifies, defends and agrees to hold Landlord free and harmless from all liens and claims of lien, and all other liability, claims and demands
arising out of any work done or material supplied to the Premises by or at the request of Tenant in connection with any Alterations. If permitted Alterations are made, they shall be made at Tenant’s sole cost and expense and, unless otherwise
agreed by the parties in writing prior to such Alterations being made, shall be and become the property of Landlord, except that Landlord may, by written notice to Tenant given at the time of approval of such Alterations, require Tenant, at
Tenant’s expense, to remove all partitions, counters, railings and other Alterations installed by Tenant, and to repair any damages to the Premises caused by such removal. Any and all costs directly attributable to or related to compliance with
the applicable building codes of the city in which the Building is located (or any other authority having jurisdiction over the Building) arising from Tenant’s plans, specifications, improvements, alterations or otherwise under this subsection
shall be paid by Tenant at its sole cost and expense. With regard to repairs, Alterations or any other work arising from or related to this Article 5(C), Landlord shall not be entitled to receive an administrative/supervision fee (which fee shall
vary depending upon whether or not Tenant orders the work directly from Landlord) sufficient to compensate Landlord for all overhead, general conditions, fees and other costs and expenses arising from Landlord’s involvement with such work. The
construction of Tenant’s Work shall be governed by the terms of the Tenant work letter, attached hereto as Exhibit C, and not the terms of this Article 5. 
 D. Liens. Tenant shall give Landlord at least ten (10) days prior written notice (or such additional time as may be necessary under applicable laws) of the commencement of any Tenant’s Work, to afford
Landlord the opportunity to post and record notices of non-responsibility. Tenant will not cause or permit any mechanic’s, materialman’s or similar liens or encumbrances to be filed or exist against the Premises or the Building or
Tenant’s interest in this Lease in connection with work done under this 

  

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Article or in connection with any other work and Tenant agrees to defend, indemnify and hold harmless Landlord from and against any such lien or claim or
action thereon, together with costs of suit and reasonable attorneys’ fees incurred by Landlord in connection with any such claim or action. Tenant shall remove any such lien or encumbrance by bond or otherwise within thirty (30) days from
the date of their existence. 
 E. Compliance with ADA. Landlord and Tenant agree that responsibility for compliance with the
Americans With Disabilities Act of 1990, as amended (the “ADA”) shall be allocated as follows: (i) Landlord shall be responsible for compliance with the provisions of Title III of the ADA for all Common Areas, including exterior and
interior areas of the Building not included within the Premises or the premises of other tenants; (ii) Landlord shall be responsible for compliance with the provisions of Title III of the ADA for any construction, renovations, alterations and
repairs made within the Premises if such construction, renovations, alterations or repairs are made by Landlord for the purpose of improving the Building generally or are done as Landlord’s Work and the plans and specifications for the
Landlord’s Work were prepared by Landlord’s architect or space planner and were not provided by Tenant’s architect or space planner; (iii) Tenant shall be responsible for compliance with the provisions of Title III of the ADA for
any construction, renovations, alterations and repairs made within the Premises if such construction, renovations, alterations and repairs are made by Tenant, its employees, agents or contractors, at the direction of Tenant or done pursuant to plans
and specifications prepared or provided by Tenant or Tenant’s architect or space planner. 
 F. Cabling. Tenant shall not install
or cause to be installed any cabling or wiring (collectively, “Cabling”) without the prior written consent of Landlord as provided in Section 5(C). Any installation of Cabling shall be performed pursuant to said Section shall meet the
requirements of the National Electrical Code (as may be amended from time to time), shall leave such Cabling clearly marked and identified, and shall comply with all Applicable Laws. Any Cabling removed by Tenant during the Term of the Lease shall
be disposed of by Tenant, at Tenant’s sole cost and expense, in accordance with all Applicable Laws. Upon expiration or early termination of this Lease, Tenant shall not be required to remove Cabling in the Premises. 
 ARTICLE 6.  
 TENANT’S USE,
RESTRICTIONS AND COMPLIANCE WITH LAWS 
 A. Tenant’s Use. Tenant shall use the Premises for the purposes set forth in Article
1(P), above, and for no other purpose whatsoever, subject to and in compliance with all other provisions of this Lease, including without limitation the Building’s Rules and Regulations attached as Exhibit D hereto. Tenant and its invitees
shall also have the non-exclusive right, along with other tenants of the Building and others authorized by Landlord, to use the Common Areas subject to such rules and regulations as Landlord may impose from time to time in its sole and reasonable
discretion provided the same are enforced in a non-discriminatory manner. Landlord makes no representation that the Premises are suitable for Tenant’s purposes. 
 B. Tenant’s Restrictions. Tenant shall not at any time use or occupy, or suffer or permit anyone to use or occupy, the Premises or do or permit anything to be done in the Premises which: (a) causes or
is liable to cause injury to persons, to the Building or its equipment, facilities or systems; (b) impairs the character, reputation or appearance of the Building as a first class office building; (c) impairs the proper and 

  

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economic maintenance, operation and repair of the Building or its equipment, facilities or systems; or (d) would invalidate or increase the cost of any
fire and extended coverage insurance policy covering the Building and/or the property located therein. Tenant shall comply with all rules, orders, regulations and requirements of any organization which sets out standards, requirements or
recommendations commonly referred to by major fire insurance underwriters. Tenant shall promptly, upon demand, reimburse Landlord for any additional premium charges for any such insurance policy assessed or increased by reason of Tenant’s
failure to comply with the provisions of this Article, provided that Landlord shall first notify Tenant if Landlord believes that Tenant is in breach of this subsection B and Tenant does not cure such breach within fifteen (15) days of such
notice. 
 C. Tenant’s Compliance with Laws. Tenant shall, at Tenant’s sole cost and expense, keep and maintain the
Premises, its use thereof and its business in compliance with all governmental laws, ordinances, rules and regulations now in force or which may hereafter be in force or effect. Tenant shall comply with all Laws relating to the Premises and
Tenant’s use or occupancy thereof, including without limitation, Laws requiring the Premises to be closed on Sundays or any other days or hours and Laws in connection with the health, safety and building codes, and any permit or license
requirements. 
 ARTICLE 7.  
 SERVICES 
 A. Climate Control. Landlord shall furnish heat or air conditioning to the Premises during Normal Business
Hours of the Building as set forth in Article 1, as required in Landlord’s reasonable judgment for the comfortable use and occupancy of the Premises. If Tenant requires heat or air conditioning at any other time, Landlord shall use commercially
reasonable efforts to furnish such service upon reasonable notice from Tenant, and Tenant shall pay all reasonable, actual, and documented costs of providing said services of Landlord’s charges therefor on demand as Additional Rent. 

All requests for overtime air conditioning or heating must be submitted in writing to the Building management office by 5:00 p.m. on the preceding
business day. Overtime air conditioning and heat will be charged to Tenant at the then current rate being charged by Landlord, which currently is $45.00 per hour. Tenant agrees to reimburse Landlord its costs of providing said overtime air
conditioning and heat; however, such cost will be reduced to the extent that any other tenant has requested the same service. 
 The
performance by Landlord of its obligations under this Article is subject to Tenant’s compliance with the terms of this Lease including any connected electrical load 24 hours / 7 days a week (four and one-half (4.5) watts of power, slab to
slab) established by Landlord. Tenant shall not use the Premises or any part thereof in a manner exceeding the heating, ventilating or air-conditioning (“HVAC”) design conditions (including any occupancy or connected electrical load
conditions), including the rearrangement of partitioning which may interfere with the normal operation of the HVAC equipment, or the use of computer or data processing machines or other machines or equipment in excess of that normally required for a
standard office use of the Premises. If any such use requires changes in the HVAC or plumbing systems or controls servicing the Premises or portions thereof in order to provide comfortable occupancy, such changes may be mutually agreed to by Tenant
and Landlord, made by Landlord at Tenant’s expense and, if so made, Tenant agrees to promptly pay any such amount to Landlord as Additional Rent. 
  

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 B. Elevator Service. If the Building is equipped with elevators, Landlord, during Normal Business
Hours of the Building, shall furnish elevator service to Tenant to be used in common with others. At least one elevator shall remain in service during all other hours. Landlord may designate a specific elevator for use as a service elevator.

 C. Janitorial Services. Landlord shall provide standard janitorial and cleaning services to the Premises five (5) days per
week as shown on Exhibit N. If Tenant desires above standard cleaning, Tenant may negotiate directly with Landlord’s cleaning contractor for such services and such services will be billed to Tenant by Landlord at actual cost. 
 D. Water and Electricity. Landlord shall make available domestic water in reasonable quantities to the common areas of the Building and cause
electric service sufficient for lighting the Premises and for the operation of Ordinary Office Equipment. “Ordinary Office Equipment” shall mean office equipment requiring 5 watts per rentable square foot or less. 
 E. Security. Landlord will provide its tenants with “24 hours 7 days a week” security, consistent with buildings of similar quality and
character in the metropolitan Atlanta area. Landlord currently provides a manned guard station located in the main lobby of the Building. Registration and proximity cards will be required for after hour access, with card readers located at each
Building entrance. Landlord, at Tenant’s sole cost and expense, will upgrade the passenger and freight elevators with an access control proximity card system that will tie into Tenant’s security system. Guards regularly perform security
patrols throughout the Building and parking areas. Tenants may contact security directly for escorts. Tenant shall assume all responsibility for the protection of the Premises, Tenant, its agents and invitees and their property from the acts of
third parties. 
 F. Pest Control. Landlord shall cause the common areas of the Building to be treated for pest control. 

G. Interruptions. Landlord does not represent or warrant that any of the services referred to above, or any other services which Landlord may
supply, will be free from interruption and Tenant acknowledges that any one or more of such services may be suspended by reason of accident, repairs, inspections, alterations or improvements necessary to be made, or by strikes or lockouts, or by
reason of operation of law, or causes beyond the reasonable control of Landlord. Any interruption, reduction or discontinuance of service shall not be deemed an eviction or disturbance of Tenant’s use and possession of the Premises, or any part
thereof, nor, except as otherwise set forth herein, render Landlord liable to Tenant for damages, nor relieve Tenant from performance of Tenant’s obligations under this Lease. Landlord shall however, exercise reasonable diligence to restore,
with reasonable promptness, any service so interrupted. Should any interruption resulting in Tenant being unable to occupy the Premises exceed three (3) business days, then Tenant shall have the right to abate rent from that point forward,
provided that such interruption was not a result of Tenant’s acts or omissions. 
  

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 H. Fitness Facility. Landlord will authorize the use, by Tenant’s employees (each, a
“Tenant Member”), of the fitness center located in and serving the Building (the “Facility”) free of charge during the Lease Term. Each such Tenant Member shall abide by all rules and regulations currently in effect
or that may be promulgated by the Landlord relating to the operation and use of the Facility. Landlord reserves the right to modify the Facility rules and regulations at any time. Landlord reserves the right to revoke membership privileges for
anyone failing to observe the Facility rules and regulations. 
 ARTICLE 8.  
 INSURANCE 
 A. Required Insurance. Tenant shall, at all times during the
Term of this Lease, and at its own cost and expense, maintain insurance policies, with responsible companies licensed to do business in the state where the Building is located and satisfactory to Landlord, naming Landlord, Tenant and any Mortgagee
of Landlord, as their respective interests may appear (e.g., Landlord and its Mortgagee being named as Additional Insureds, as provided for below), including (i) a policy of standard fire, extended coverage and special extended coverage
property insurance which shall be primary on the lease improvements referenced in Article 5 and Tenant’s property, including its goods, equipment and inventory, in an amount adequate to cover their replacement cost, including a vandalism and
malicious mischief endorsement, and sprinkler leakage coverage; (ii) business interruption insurance; (iii) comprehensive general liability insurance on an occurrence basis with limits of liability in an amount not less than Two Million
Dollars ($2,000,000) combined single limit for each occurrence, and Two Million Dollars ($2,000,000) in the annual aggregate, (iv) Worker’s Compensation Coverage as required by law and Employers Liability coverage
($250,000/$250,000/$250,000). 
 On or before the Commencement Date, Tenant shall furnish to Landlord and its Building Manager, certificates
of insurance evidencing the insurance coverage set forth above, including naming Landlord and Landlord’s Building Manager as additional insureds, pursuant to an endorsement in a form reasonably acceptable to Landlord (such as CG 20 26). Renewal
certificates must be furnished to Landlord at least ten (10) days prior to expiration showing the above coverage to be in full force and effect. 
 The foregoing policy sets forth minimum limits of liability and Tenant’s procurement and maintenance thereof shall in no event limit the liability of Tenant under this Lease. All such insurance policies carried
by Tenant shall be with companies having a rating of not less than A-VIII in Best’s Insurance Guide. All such policies shall be endorsed to agree that Tenant’s policy is primary and that any insurance covered by Landlord is excess and not
contributing with any Tenant insurance requirement hereunder. 
 B. Landlord shall, at all times during the Term, procure and maintain
(i) “all-risk” property insurance in the amount not less than ninety percent (90%) of the insurable replacement cost covering the Building, (ii) commercial general liability insurance for the Building with a minimum combined
single limit of liability of at least Two Million Dollars ($2,000,000) per occurrence, and a general aggregate limit of at least Two Million Dollars ($2,000,000); and (iii) such other insurance as may be required by a mortgagee or otherwise
desired by Landlord. 
  

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 C. Waiver of Subrogation. Landlord and Tenant each agree that neither Landlord nor Tenant will
have any claim against the other for any loss, damage or injury which is covered by insurance carried by either party and for which recovery from such insurer is made, notwithstanding the negligence or willful misconduct of either party in causing
the loss (and which shall include any deductible amounts, self-insurance, or other form of risk retention), and each agree to have their respective insurers issuing the insurance described in this Article 8 waive any rights of subrogation that such
companies may have against the other party. This release shall be valid only if the insurance policy in question permits waiver of subrogation or if the insurer agrees in writing that such waiver of subrogation will not affect coverage under said
policy. 
 ARTICLE 9.  
 INDEMNIFICATION 
 A. Tenant Indemnity of Landlord. Tenant shall defend, indemnify and hold harmless Landlord and its
agents, successors and assigns, including its Building Manager, from and against any and all injury, loss, costs, expenses, liabilities, claims or damage (including attorneys’ fees and disbursements) to any person or property unless caused by
the negligence of Landlord, its agents, employees, attendees, or other representatives: (i) arising from, related to, or in connection with any use or occupancy of the Premises by Tenant or (ii) arising from, related to, or in connection
with any act or omission (including, without limitation, construction and repair of the Premises arising out of Tenant’s Work or subsequent work) of Tenant, its agents, contractors, employees, customers, and invitees, which indemnity extends to
any and all claims arising from any breach or default in the performance of any obligation on Tenant’s part to be performed under the terms of this Lease. This indemnification shall survive the expiration or termination of the Lease Term.

 B. Landlord Indemnity of Tenant. Landlord shall defend, indemnify and hold Tenant harmless from and against all claims, causes of
action, liabilities, losses, costs and expenses (including attorneys’ fees and disbursements) arising from or in connection with any injury or other damage to any person or property resulting from any act or omission of Landlord. This
indemnification shall survive the expiration or termination of the Lease Term. 
 C. Indemnity Limitations. The indemnity obligations
set forth in sections A and B above shall not apply (i) to any costs or expenses not reasonably incurred by the indemnitee, or (ii) to any claims, causes of action, liabilities, losses, costs and expenses resulting from a default by the
indemnitee hereunder. 
 D. Indemnitees; Acceptable Attorneys. Whenever, in this Article and throughout this Lease, Landlord or Tenant
is required to defend, indemnify and hold the other harmless, such obligations shall extend to the successors, assigns, officers, partners, directors, employees and other agents of the indemnitee. In any instance where this Lease requires either
party to defend the other, such defense shall involve an attorney or attorneys reasonably acceptable to the indemnitee. 
 E. Limitation
on Liability. Landlord shall not be liable to Tenant for any damage by or from any act or negligence of any co-tenant or other occupant of the Building, or by any owner or occupants of adjoining or contiguous property. Landlord shall not be
liable for any injury or damage to persons or property resulting in whole or in part from the criminal activities or willful misconduct of others. To the extent not 

  

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covered by all risk property insurance, Tenant agrees to pay for all damage to the Building, as well as all damage to persons or property of other tenants or
occupants thereof, caused by the negligence, fraud or willful misconduct of Tenant or any of its agents, contractors, employees, customers and invitees. Nothing contained herein shall be construed to relieve Landlord from liability for any personal
injury resulting from its negligence, fraud or willful misconduct. 
 F. Surveillance. Tenant acknowledges that Landlord’s
election to provide mechanical surveillance or to post security personnel in the Building is subject to Landlord’s sole discretion. Landlord shall have no liability in connection with the decision whether or not to provide such services and
Tenant hereby waives all claims based thereon. Landlord shall not be liable for losses due to theft, vandalism, or like causes, except to the extent that such losses result from the negligence or willful misconduct of Landlord. Tenant shall defend,
indemnify, and hold Landlord harmless from any such claims made by any employee, licensee, invitee, contractor, agent or, other person whose presence in, on or about the Premises or the Building is attendant to the business of Tenant, except to the
extent that any such claim is directly attributable to Landlord’s negligence or willful misconduct. 
 ARTICLE 10.  
 CASUALTY DAMAGE 
 Tenant shall
promptly notify Landlord or the Building Manager of any fire or other casualty to the Premises or to the extent it knows of damage, to the Building. In the event the Premises or any substantial part of the Building is wholly or partially damaged or
destroyed by fire or other casualty which is covered by Landlord’s insurance, Landlord will proceed to restore the same to substantially the same condition existing immediately prior to such damage or destruction unless (i) such damage or
destruction is incapable of repair or restoration within three hundred sixty-five (365) days as determined by Landlord’s architect; or (ii) the insurance proceeds recovered by reason of the damage or destruction are, in
Landlord’s sole judgment, inadequate to complete the restoration of the Building; or (iii) Landlord elects not to repair or restore the Building, in any of which events Landlord or Tenant may, by written notice given to the other party
within sixty (60) days of such damage or destruction, declare this Lease terminated as of the happening of such damage or destruction. If, in Landlord’s sole opinion, the net insurance proceeds recoverable by reason of the damage or
destruction will not be adequate to complete the restoration of the Building, Landlord shall have the right to terminate this Lease and all unaccrued obligations of the parties hereto by sending a notice of such termination to Tenant. To the extent
after fire or other casualty that Tenant shall be deprived of the use and occupancy of the Premises or any portion thereof as a result of any such damage, destruction or the repair thereof, providing Tenant did not cause the fire or other casualty,
then Tenant shall be relieved of the same ratable portion of the Rent due under this Lease as the amount of damaged or useless space in the Premises bears to the rentable square footage of the Premises until such time as the Premises may be
restored. Landlord shall reasonably determine the amount of damaged or useless space and the square footage of the Premises referenced in the prior sentence. 
  

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 ARTICLE 11.  
 CONDEMNATION 
 In the event of a condemnation or taking of the entire Premises by a public or
quasi-public authority, this Lease shall terminate as of the date title vests in the public or quasi-public authority. In the event of (i) a taking or condemnation of fifteen percent (15%) or more (but less than the whole) of the Building
and without regard to whether the Premises are part of such taking or condemnation; (ii) a taking or condemnation which results in Landlord electing not to restore the Building; or (iii) a taking or condemnation which results in Landlord
electing to change the use of the land upon which the Building is located, Landlord may elect to terminate this Lease by giving notice to Tenant within sixty (60) days of Landlord receiving notice of such condemnation. In the event of a partial
taking as described in this Article, or a sale, transfer or conveyance in lieu thereof, which does not result in the termination of this Lease, Rent shall be apportioned according to the ratio that the part of the Premises remaining usable by Tenant
bears to the total area of the Premises. All compensation awarded for any condemnation shall be the property of Landlord, whether such damages shall be awarded as a compensation for diminution in the value of the leasehold or to the fee of the
Premises, and Tenant hereby assigns to Landlord all of Tenant’s right, title and interest in and to any and all such compensation. Providing, however that in the event this Lease is terminated, Tenant shall be entitled to make a separate claim
for the taking of Tenant’s personal property (including fixtures paid for by Tenant), and for costs of moving. Notwithstanding anything herein to the contrary, any condemnation award to Tenant shall be available only to the extent such award is
payable separately to Tenant and does not diminish the award available to Landlord or any Lender of Landlord and such award shall be limited to the amount of Rent actually paid by Tenant to Landlord for the period of time for which the award is
given. Any additional portion of such award shall belong to Landlord. 
 ARTICLE 12.  
 REPAIR AND MAINTENANCE 
 A.
Tenant’s Obligations. Tenant shall keep the Premises in good working order, repair (and in compliance with all Laws now or hereafter adopted) and condition (which condition shall be neat, clean and sanitary) and shall make all necessary
non-structural repairs thereto and any repairs to non-Building standard mechanical, HVAC, electrical and plumbing systems or components in or serving the Premises. Tenant’s obligations hereunder shall include, but not be limited to,
Tenant’s trade fixtures and equipment, security systems, signs, interior decorations, floor-coverings, wall-coverings, entry and interior doors, interior glass, light fixtures and bulbs, keys and locks, and alterations to the Premises whether
installed by Tenant or Landlord. Landlord may make any repairs which are not promptly made by Tenant after Tenant’s receipt of written notice and the reasonable opportunity of Tenant to make said repair within five (5) business days from
receipt of said written notice, and charge Tenant for the cost thereof, which cost shall be paid by Tenant within five (5) days from invoice from Landlord. 
 B. Landlord’s Obligations. Landlord shall maintain (i) the foundations, roof, perimeter walls and exterior windows and all structural aspects of the Building, and (ii) all nonstructural aspects
of the Building which relate to the Common Areas or to more than one tenant’s premises, or which no tenant of the Building is required to maintain 

  

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and repair, including all systems and facilities necessary for the operation of the Building and the provision of services and utilities as required herein
(except to the extent that any of the foregoing items are installed by or on behalf of, or are the property of, Tenant). Landlord shall, as soon as is commercially reasonable, also make all necessary structural repairs to the Building and any
necessary repairs to the Building standard mechanical, HVAC, electrical (including building standard light fixtures), and plumbing systems in or servicing the Premises (the cost of which shall be included in Operating Expenses under Article 4),
excluding repairs required to be made by Tenant pursuant to this Article. Landlord shall have no responsibility to make any repairs until Landlord receives written notice of the need for such repair or otherwise becomes aware. Landlord shall not be
liable for any failure to make repairs or to perform any maintenance unless such failure persists for ten (10) days after written notice of the need for such repairs or maintenance is received by Landlord from Tenant or after Landlord otherwise
becomes aware and Landlord and its agents, employees and independent contractors shall have the right to enter the Premises to inspect and make such repairs as Landlord deems reasonably necessary or desirable in accordance with Article 13. Landlord
shall make every reasonable effort to perform all such repairs or maintenance in such a manner (in its judgment) so as to cause minimum interference with Tenant and the Premises but Landlord shall not be liable to Tenant for any interruption or loss
of business pertaining to such activities, unless said interruption is due to negligence or willful misconduct of the Landlord or its’ employees. Landlord shall have the right to require that any damage caused by the negligence or willful
misconduct of Tenant or any of Tenant’s agents, contractors, employees, invitees or customers, be paid for and repairs performed by the Tenant (without limiting Landlord’s other remedies herein). 
 C. General Obligations. Alterations to the Premises required from time to time to comply with applicable laws, requirements of any board of
property insurance underwriters or similar entity, or reasonable requirements of Landlord’s or Tenant’s insurers shall be made by the party to this Lease responsible for maintaining and repairing the applicable aspect of the Premises
hereunder. Landlord warrants to Tenant that, as of the Commencement Date, all aspects of the Premises comprising Landlord’s Work, if any, shall comply with all applicable laws, with the requirements of Landlord’s insurers, and with the
requirements of all boards of property insurance underwriters and similar entities. 
 D. Signs and Obstructions. (i) Tenant
shall not obstruct or permit the obstruction of light, halls, Common Areas, roofs, parapets, stairways or entrances to the Building or the Premises and, except as expressly provided for in this Lease, will not affix, paint, erect or inscribe any
sign, projection, awning, signal or advertisement of any kind to any part of the Building or the Premises, including the inside or outside of the windows or doors, unless the design meets the building standard and without the written consent of
Landlord. If such work is done by Tenant through any person, firm or corporation not approved by Landlord, or without the express written consent of Landlord, Landlord shall have the right to remove such signs, projections, awnings, signals or
advertisements without being liable to the Tenant by reason thereof and to charge the cost of such removal to Tenant as Additional Rent, payable within ten (10) days of Landlord’s demand therefor. Landlord shall provide, at Landlord’s
sole cost and expense, building standard signage at the entrance to the Premises and on the lobby directory. Landlord agrees that Tenant’s signage on the lobby directory shall include the TRX colored logo, displayed as agreed to by the parties.
For each full floor occupied by Tenant, Tenant’s colored logo may be prominently displayed on both walls of the elevator corridor, at Tenant’s sole cost and expense. 
  

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 (ii) Tenant may, at Tenant’s sole cost and expense, install, (so long as Tenant is not in default
beyond any applicable cure), two (2) signs, one each at the top of the exterior of the Building on the south and east side of the Building (each a “Building Sign” collectively the “Building Signs”), as shown on Exhibit O.
All costs associated with the initial installation of the Building Signs may, at Tenant’s option, be deducted from Tenant’s Improvement Allowance. The Building Signs shall be subject to Landlord’s prior written approval as to size,
color, design, lighting, and installation details (including sub metering all needed utilities), and the approval of all applicable governmental authorities. Tenant, at its sole cost and expense, shall be responsible for the installation of any
signage frames (or other installation needed) or utilities needed for the installation or operation of the Building Signs. Tenant, at its sole cost and expense, will obtain all permits, licenses or approvals required to install and operate the
Building Signs. If Tenant installs either or both Building Signs during the Term, Tenant, at its sole cost and expense, shall (a) operate the Building Signs; and (b) repair, maintain and replace the Building Signs in good order and
condition. For so long as Tenant has the right to display the Building Signs, Landlord shall not permit any other tenant of the Building to have signage placed at the top of the exterior of the Building 
 (iii) Tenant will be responsible for repairing any damage to the top of the Building (including the roof) caused by the installation, maintenance or
removal of the Building Signs. Any required repairs shall be performed by roofing or other contractors approved by the Landlord, with the cost and expenses of such repairs to be borne by Tenant. Landlord will permit Tenant reasonable access to the
roof and/or building, as needed, to install, maintain, and/or remove equipment for the Building Signs. Tenant will exercise every reasonable effort to minimize any disruption of activity otherwise occurring in and about the Common Areas. Tenant will
ensure that each Building Sign, and each part of it, will be installed in accordance and in full compliance with all local building rules of construction and codes. 
 (iv) Tenant shall maintain the Building Signs and related equipment in good condition and repair throughout the Term. Upon expiration of the Lease or Tenant’s vacation of the Premises, Tenant shall remove the
Building Signs at its sole cost and expense and return the sign frame faces and the roof to Landlord. Upon removal of each Building Sign, Tenant, at its sole cost and expense, will repair any damage to the Building or
Landlord’s property resulting from such removal, including sealing all penetrations and leaving all surfaces reasonably matching the surrounding area in texture and color. The sign frame is and shall remain the property of Landlord or
Landlord’s assignee. 
 (v) Tenant will indemnify, defend, protect and hold Landlord harmless from and against any claims, liabilities,
judgments, costs, or expenses assessed against or incurred by Landlord (including reasonable attorney fees) arising out of or related to property damage, personal injury or death directly caused by the activities of Tenant or its employees, agents
or contractors in installing, operating, servicing or removing a Building Sign. In no event shall Tenant’s installation of its Building Signs preclude Landlord from the use of the top of the Building for any other use so long as the visibility
of Tenant’s sign is not materially impaired. In no event shall any portion of the roof or the sign frame be deemed a portion of the Premises for the calculation of any Base Rent, Taxes, Operating Expenses or Taxes hereunder, nevertheless,
because of Tenant’s right to use the signage frame in connection with the sign, for all other purposes under this Lease, including insurance and indemnity obligations, the sign shall be deemed included in the Premises. 
  

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 (vi) Tenant shall be identified as the top listing on the multi-tenant monument sign located at the
entrance of the Building (the “Monument Sign”) using Tenant’s colored logo. All costs in connection with the design, fabrication and installation of any Tenant identification on the Monument Sign (the “Tenant
Identification”) shall be borne by Tenant. Tenant shall submit to Landlord reasonably detailed drawings of the proposed Tenant Identification, including without limitation, the size, material, shape and lettering for review and approval by
Landlord. Notwithstanding the foregoing, Landlord shall have the right to designate standard sizes, materials, shapes and lettering for any tenant identification on the Monument Sign, which standards may differ depending on the square footage of the
tenant that is being identified on the Monument Sign. In conjunction with Landlord’s rights under the preceding sentence, Landlord agrees that it has reviewed Tenant’s standard logo, as shown in “Exhibit O”, for such signage and
will utilize such logo as provided by Tenant on the Monument Sign. Landlord, upon the expiration date or sooner termination of this Lease, shall have the right to remove the Building Signs, or Tenant Identification. In addition, Landlord, at
Tenant’s sole cost and expense, shall have the right to remove or obscure the Building Sign Tenant Identification, if, at any time during the Term, Tenant is in violation of any of the Signage Conditions and has not cured such violation in
accordance with the notice and cure provisions of this Lease. 
 For purposes of this Lease, the “Signage Conditions” are:
(1) Tenant has not assigned this Lease (except in connection with a transfer permitted under this Lease), (2) Tenant has not sublet more than 51% unless with a permitted sublease of the Premises (except in connection with a permitted
transfer), (3) Tenant and any permitted transferee are using the entire Premises for the Use, (4) Tenant is not in default under any term or condition of the Lease after the delivery of notice and the expiration of any applicable cure
periods. Notwithstanding the foregoing, if the Monument Sign is a “multi-tenant” monument sign (i.e. it includes the name of at least one (1) tenant in addition to Tenant), condition (1) prohibiting an assignment of the Lease
shall not be applicable and an assignee of Tenant’s interest under the Lease shall be entitled to substitute its name for the name of Tenant on the Monument Sign. The name of Landlord or its managing agent shall not be considered to be a tenant
name for the purpose of determining whether the Monument Sign is a multi-tenant monument sign. 
 E. Outside Services. Tenant shall
not permit, except by Landlord or a person or company reasonably satisfactory to and approved by Landlord: (i) the extermination of vermin in, on or about the Premises; (ii) the servicing of heating, ventilating and air conditioning
equipment; (iii) the collection of rubbish and trash other than in compliance with local government health requirements and in accordance with the rules and regulations established by Landlord, which shall minimally provide that Tenant’s
rubbish and trash shall be kept in containers located so as not to be visible to members of the public and in a sanitary and neat condition; or (iv) window cleaning, janitorial services or similar work in or about the Premises. 
 F. Condition of Premises. Except as otherwise provided in this Lease to the contrary, Tenant hereby agrees that the Premises shall be taken
“as is”, “with all faults”, “without any representations or warranties”, and Tenant hereby acknowledges and agrees that it has investigated and inspected the condition of the Premises and the suitability of same for
Tenant’s purposes, and Tenant does hereby waive and disclaim any objection to, cause of action based upon, or claim that its obligations hereunder should be reduced or limited because of the condition of the Premises or the Building or the
suitability of same for Tenant’s purposes. Tenant acknowledges that neither Landlord nor any agent nor any employee of Landlord has made any representation or warranty 

  

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with respect to the Premises or the Building or with respect to the suitability of either for the conduct of Tenant’s business and Tenant expressly
represents and warrants that Tenant has relied solely on its own investigation and inspection of the Premises and the Building in its decision to enter into this Lease and let the Premises in an “As Is” condition. The Premises shall be
initially improved as provided in, and subject to, the Work Letter attached hereto as Exhibit “B” and made a part hereof. The existing leasehold improvements in the Premises as of the date of this Lease, together with the Tenant
Improvements (as defined in the Work Letter) may be collectively referred to herein as the “Tenant Improvements.” The taking of possession of the Premises by Tenant shall conclusively establish that the Premises and the Building were at
such time in satisfactory condition. 
 Landlord reserves the right from time to time: (i) to install, use, maintain, repair, replace
and relocate for service to the Premises and/or other parts of the Building pipes, ducts, conduits, wires, appurtenant fixtures, and mechanical systems, wherever located in the Premises or the Building, (ii) to alter, close or relocate any
facility in the Premises or the Common Areas or otherwise conduct any of the above activities for the purpose of complying with a general plan for fire/life safety for the Building or otherwise and (iii) to comply with any federal, state or
local law, rule or order with respect thereto or the regulation thereof not currently in effect. Landlord shall attempt to perform any such work with the least inconvenience to Tenant as possible, but, except as otherwise expressly provided herein,
in no event shall Tenant be permitted to withhold or reduce Rent or other charges due hereunder as a result of same or otherwise make claim against Landlord for interruption or interference with Tenant’s business and/or operations. Landlord
shall endeavor (except in case of emergency) to give fifteen business (15) days advance written notice in the event of an interruption or interference that would materially affect Tenant’s business operations. 
 G. Shoring. If any excavation or construction is made adjacent to, upon or within the Building, or any part thereof, Tenant shall afford to any
and all persons causing or authorized to cause such excavation or construction license to enter upon the Premises for the purpose of doing such work as such persons shall deem necessary to preserve the Building or any portion thereof from injury or
damage and to support the same by proper foundations, braces and supports, without any claim for damages or indemnity or abatement of the Rent, or of a constructive or actual eviction of Tenant. 
 ARTICLE 13.  
 INSPECTION OF
PREMISES 
 With advance notice, reasonable under the circumstances, Tenant shall permit the Landlord the Building Manager and its
authorized representatives to enter the Premises to show the Premises during Normal Business Hours of the Building and at other reasonable times, in the case of an emergency or to inspect the Premises, to clean the Premises, to serve or post notices
as provided by law or which Landlord deems necessary for the protection of Landlord or Landlord’s property. If Tenant shall not be personally present to open and permit an entry into the Premises at any time when such an entry is necessary or
permitted hereunder, Landlord may enter by means of a master key or may enter forcibly, only in the case of an emergency, without liability to Tenant and without affecting this Lease. 
  

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 ARTICLE 14.  
 SURRENDER OF PREMISES 
 Upon the expiration of the Term, or sooner termination of the Lease, Tenant
shall quit and surrender to Landlord the Premises, broom clean, in good order and condition, normal wear and tear and damage by fire and other casualty which are Landlord’s obligation excepted. Unless otherwise agreed to by the parties during
plan review and approval process, all Tenant Improvements and other permanent fixtures, such as light fixtures and HVAC equipment, wall coverings, carpeting, in or serving the Premises, whether installed by Tenant or Landlord, shall be
Landlord’s property and shall remain, all without compensation, allowance or credit to Tenant. Any property not removed shall be deemed to have been abandoned by Tenant and may be retained or disposed of by Landlord at Tenant’s expense
free of any and all claims of Tenant, as Landlord shall desire. All property not removed from the Premises by Tenant may be handled or stored by Landlord at Tenant’s expense and Landlord shall not be liable for the value, preservation or
safekeeping thereof. At Landlord’s option all or part of such property may be conclusively deemed to have been conveyed by Tenant to Landlord as if by bill of sale without payment by Landlord. 
 ARTICLE 15.  
 HOLDING OVER 

 Should Tenant, without Landlord’s written consent, hold over after termination of this Lease, Tenant shall become a tenant at
sufferance and any such holding over shall not constitute an extension of this Lease. Tenant shall pay Landlord, monthly and in advance, 150% of the annual Rent that was payable immediately preceding the hold-over period, prorated on a per diem
basis, for each day Tenant shall retain possession of the Premises or any part thereof after expiration or earlier termination of this Lease, together with all damages sustained by Landlord on account thereof and all other payments required to be
made by Tenant hereunder. The foregoing provisions shall not serve as permission for Tenant to hold-over, nor serve to extend the Term (although Tenant shall remain bound to comply with all provisions of this Lease until Tenant vacates the Premises)
and Landlord shall have the right at any time thereafter to enter and possess the Premises and remove all property and persons therefrom or to require Tenant to surrender possession of the Premises as provided in this Lease upon the expiration or
earlier termination of the Term. If Tenant fails to surrender the Premises upon the expiration or termination of this Lease, (a) Tenant shall pay to Landlord all actual damages incurred or suffered by Landlord as a result in an amount not to
exceed twelve (12) months of Rent calculated at the rate in effect for the last month of the Term, and (b) Landlord will use commercially reasonable efforts to mitigate its damages resulting from Tenant’s failure to surrender in
accordance with this Lease. No acceptance by Landlord of any Rent during or for any period following the expiration or termination of the Lease shall operate or be construed as an extension or renewal of the Lease. Should Tenant remain in the
Premises on a month-to-month basis with Landlord’s prior and express written approval, such month-to-month tenancy may be cancelled by either party with thirty (30) days’ prior written notice or such lesser time period as may be
permitted by law. 
  

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 ARTICLE 16.  
 SUBLETTING AND ASSIGNMENT 
 A. Tenant shall not assign its interests hereunder, sublease all or any
portion of the Premises (for purposes of this Lease, a license shall be deemed to be a sublease), or list the Premises or any part thereof as available for assignment or sublease with any broker or agent or otherwise advertise, post, communicate or
solicit prospective assignees or subtenants through any direct or indirect means, transfer any rights in more than fifty percent (50%) of the ownership of Tenant, or allow any other person to use or occupy any portion of the Premises (each
event may be hereinafter referred to as a “Transfer”), without the prior written consent of Landlord, which shall not be unreasonably withheld or delayed beyond fifteen (15) days after receipt of Tenant’s request, except that
Landlord shall not, under any circumstances, be obligated to consent to any assignment or subletting by Tenant (i) to any other tenant of the Building, (ii) by operation of law, or (iii) to any person who fails to meet any of the
other reasonable criteria of Landlord that Tenant was required to meet prior to the execution of this Lease. 
 Tenant shall not assign its
interests hereunder, sublease all or any portion of the Premises to any entity which acquires all or part of Tenant, or which is acquired in whole or in part by Tenant, or which is controlled directly or indirectly by Tenant, or which entity
controls, directly or indirectly, Tenant (“Affiliate”), or which owns or is owned by the Affiliate, without the prior written consent of Landlord, which shall not be unreasonably withheld or delayed beyond fifteen (15) days after
receipt of Tenant’s request, so long as such transaction was not entered into as a subterfuge to avoid the obligations and restrictions of the Lease and as long as said Affiliate has equal or greater net worth as Tenant. 
 B. In the event that Tenant desires to assign or sublet the Premises, Tenant shall provide Landlord with financial statements for the proposed
transferee, a fully executed copy of the proposed assignment, sublease (to include a recognition agreement acceptable to Landlord) or other Transfer documentation and such other information as Landlord may reasonably request. Within fifteen
(15) days after receipt of the required information and documentation, Landlord shall either: (a) consent to the Transfer by execution of a consent agreement in a form designated by Landlord; (b) refuse to consent to the Transfer in
writing; or (c) recapture the portion of the Premises that Tenant is proposing to Transfer (Landlord shall only have the right to recapture the portion of the Premises that Tenant is proposing to Transfer if (i) Tenant is in default or
(ii) if Tenant is in the final year of its Term). If Landlord exercises its right to recapture, this Lease shall automatically be amended (or terminated if the entire Premises is being assigned or sublet) to delete the applicable portion of the
Premises effective on the proposed effective date of the Transfer, although Landlord may require Tenant to execute a reasonable amendment or other document reflecting such reduction or termination. Tenant shall pay Landlord a review fee of $1,000.00
for Landlord’s review of any requested Transfer. 
 C. If Landlord approves an assignment or sublease as herein provided, Tenant shall
pay to Landlord, as Additional Rent due under this Lease, as applicable (i) in the case of a sublease, an amount equal to 50% of the Profit, as defined below. Such profit amounts shall be due and payable by Tenant to Landlord within ten
(10) days of Tenant’s receipt of payment from the subtenant or assignee. Profit amounts in the case of a sublease shall be calculated and adjusted (if necessary) on a Lease Year (or partial Lease Year) basis, and there shall be no
cumulative adjustment for the term. 
  

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 The following shall constitute the definition of “Profits”: the gross revenue received by
Tenant from the assignee or sublessee during the sublease term or during the assignment, less: (i) the gross revenue paid to Landlord by Tenant during the period of the sublease term or during the assignment term ; (ii) the gross revenue
paid to Landlord by Tenant for all days the portion of the Premises in question was vacated from the date that Tenant first vacated that portion of the Premises until the date the assignee or sublessee was to pay rent; (iii) any improvement
allowance or other economic concession (planning allowance, moving expenses, etc.), paid by Tenant to sublessee or assignee; (iv) brokers’ commissions; (v) attorneys’ fees; (vi) lease takeover payments; (vii) costs of
advertising the space for sublease or assignment. 
 D. [Intentionally Deleted]. 
 ARTICLE 17.  
 SUBORDINATION, NON-DISTURBANCE, ATTORNMENT AND MORTGAGEE
PROTECTION 
 This Lease is subject and subordinate to all Mortgages now or hereafter placed upon the Building, and all other
encumbrances and matters of public record applicable to the Building, including without limitation, any reciprocal easement or operating agreements, ground or underlying leases, covenants, conditions and restrictions and Tenant shall not act or
permit the Premises to be operated in violation thereof. Landlord shall have the right to cause this Lease to be and become and remain subject and subordinate to any and all ground or underlying leases or Mortgages which may hereafter be executed
covering the Premises, the Building or any renewals, modifications, consolidations, replacements or extensions thereof, for the full amount of all advances made or to be made thereunder and without regard to the time or character of such advances,
together with interest thereon and subject to all the terms and provisions thereof; provided, however, that Landlord shall use commercially reasonable efforts to obtain from any Lender or other party in question a written undertaking in favor of
Tenant to the effect that such Lender or other party will not disturb Tenant’s right of possession under this Lease if Tenant is not then or thereafter in breach of any covenant or provision of this Lease and otherwise substantially in the form
attached hereto as Exhibit F which Tenant agrees, within ten (10) days after Landlord’s written request therefor, to execute, acknowledge and deliver upon request. To the extent not expressly prohibited by Law, Tenant waives the provisions
of any Law now or hereafter adopted which may give or purport to give Tenant any right or election to terminate or otherwise adversely affect this Lease or Tenant’s obligations hereunder if such foreclosure or power of sale proceedings are
initiated prosecuted or completed. 
 ARTICLE 18.  
 ESTOPPEL CERTIFICATE 
 Either party shall from time to time, upon written request by the other,
execute, acknowledge and deliver to the requesting party (or the lender of the requesting party, as the case may be), within ten (10) business days after receipt of such request, a statement in writing certifying, without limitation:
(i) that this Lease is unmodified and in full force and effect (or if there have been modifications, identifying such modifications and certifying that the Lease, as modified, is in full force and effect); (ii) the dates to 

  

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which Rent and any other charges have been paid; (iii) that the requesting party is not in default under any provision of this Lease (or if the
requesting party is in default, specifying each such default) and that no events or conditions exist which, with the passage of time or notice or both, would constitute a default on the part of the requesting party hereunder; (iv) the address
to which notices to the non-requesting party shall be sent; (v) the amount of Tenant’s security deposit; it being understood that any such statement so delivered may be relied upon in connection with any lease, mortgage or transfer and
(vi) such other factual matters as the requesting party may reasonably request. 
 ARTICLE 19.  
 DEFAULTS 
 A. Tenant Defaults:
The occurrence of any of the following shall constitute a “default” by Tenant hereunder: 
 (a) Tenant fails to pay when due any
installment or other payment of Rent or any other amount owing to Landlord; or 
 (b) Tenant fails to keep in effect any insurance required
to be maintained hereunder, and such failure continues for thirty (30) days after notice thereof given by or on behalf of Landlord; or 
 (c) Tenant or any guarantor hereunder becomes insolvent, makes an assignment for the benefit of creditors, files a voluntary petition in bankruptcy or an involuntary petition in bankruptcy is filed against Tenant which petition is not
dismissed within sixty (60) days of its filing; or 
 (d) Tenant fails to timely comply with its obligations under Article 5(D); or

 (e) Tenant fails to observe or perform according to the provisions of Article 17 or 18 within the time periods specified in such Articles;
or 
 (f) A receiver is appointed for Tenant’s business or assets and the appointment of such receiver is not vacated within sixty
(60) days after such appointment; or 
 (g) Tenant fails to perform or observe any of the other covenants, conditions or agreements
contained herein on Tenant’s part to be kept or performed or breaches a representation made hereunder, and such failure shall continue for thirty (30) days after notice thereof is given by or on behalf of Landlord, or if such default is
curable but cure cannot reasonably be effected within such thirty (30) day period, such default shall not be a default hereunder so long as Tenant promptly commences cure within ten (10) days and thereafter diligently prosecutes such cure
to completion. 
 All notices required to be given under this paragraph shall be in lieu of, and not in addition to any notice requirements
imposed by law, statute, ordinance, governmental regulation or requirement of the United States, the State in which the Building is located or any local government authority or agency or any political subdivision thereof, now or hereafter in effect.

  

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 If Tenant or any guarantor hereunder files a voluntary petition pursuant to the United States Bankruptcy
Reform Act of 2005, as the same may be from time to time be amended (the “Bankruptcy Code”), or take the benefit of any insolvency act or be dissolved, or if an involuntary petition or proceeding for dissolution or liquidation is filed
against Tenant pursuant to the Bankruptcy Code and said petition is not dismissed within sixty (60) days after such filing, or if a proceeding for the appointment of a trustee or a receiver is commenced for Tenant’s business or all or a
portion of its assets and the appointment of such receiver is not vacated within sixty (60) days after such appointment, or if it shall make an assignment for the benefit of its creditors, then Landlord shall have all of the rights provided for
in the event of nonpayment of the Rent. Tenant hereby stipulates to the lifting of the automatic stay in effect and relief from such stay in the event Tenant files a petition under the Bankruptcy Code, for the purpose of Landlord pursuing its rights
and remedies against Tenant and/or a guarantor under this Lease. The rejection of this Lease by Tenant under Bankruptcy Code shall constitute a substantial default and breach of this Lease by Tenant. Upon the occurrence of any such event of material
default and breach by Tenant, Landlord may terminate this Lease by written notice to Tenant. 
 If any alleged default on the part of the
Landlord hereunder occurs, Tenant shall give written notice to Landlord in the manner herein set forth and shall afford Landlord thirty (30) days to cure any such default. In addition, Tenant shall send notice of such default by certified or
registered mail, postage prepaid, to the holder of any Mortgage whose address Tenant has been provided in writing, and shall afford such Mortgage holder thirty (30) days to cure any alleged default on Landlord’s behalf. If such default is
curable but cure cannot reasonably be effected within such thirty (30) day period by Landlord or Lender, such default shall not be a default hereunder so long as Landlord or Lender promptly commences to cure and thereafter diligently prosecutes
such cure to completion. 
 ARTICLE 20.  
 REMEDIES 
 A. Landlord Remedies. (i) Upon the occurrence of a default as described in
Section 19, Landlord shall have the option to do and perform any one or more of the following in addition to, and not in limitation of, any other remedy or right permitted it by law or in equity or by this Lease: 
 (a) Commence dispossessory proceedings with or without the termination of this Lease. Tenant shall remain liable for the payment of all Rent accruing
after any writ of possession as to the Premises is issued to Landlord; and/or 
 (b) Landlord may, with or without terminating this Lease
(whether by notice or operation of law), enter upon and take possession of the Premises (either through self-help or by use of legal proceedings) and expel or remove Tenant’s signs (and other evidence of tenancy) and Tenant and any other person
who may be occupying the Premises or any part thereof, without being liable for prosecution or any claim for damages therefor, and, without such entry and possession terminating the Lease or releasing Tenant, in whole or in part, from any
obligation, including Tenant’s obligation to pay Rent, including any amounts treated as Additional Rent, hereunder for the full Term. In any such case, if Landlord so elects, Landlord may make such alterations and repairs as, in Landlord’s
judgment, may be necessary to relet the Premises, and relet the Premises and any part thereof for such rent and for such period of time and subject to 

  

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such terms and conditions as Landlord may deem advisable and receive the rent therefor. Upon each such reletting, all rent received by Landlord from such
reletting shall be applied first, to the payment of any indebtedness other than Rent due hereunder from Tenant to Landlord; second, to the payment of any loss, costs and expenses of such reletting, including without limitation brokerage fees,
attorneys’ fees and the costs and expenses of such alterations and repairs (but shall in no event include costs of improvements or alterations to the Premises for a replacement tenant if such reletting occurs during the final eighteen
(18) months of the Term) (“Costs of Reletting”); third, to the payment of Rent due and unpaid hereunder; and the residue, if any (hereinafter, the “Net Reletting Proceeds”), shall be held by Landlord and applied in payment
of future Rent as the same may become due and payable hereunder; provided, however, that any Net Reletting Proceeds remaining at the expiration or other termination of this Lease shall be the property of Landlord and Tenant hereby relinquishes any
claim thereto. Tenant agrees to pay to Landlord, on demand, any deficiency that may arise by reason of such reletting (the “Deficiency”). Notwithstanding any such reletting without termination, Landlord may, at any time thereafter, elect
to terminate this Lease for such prior default and Tenant shall be and remain liable for such Deficiency notwithstanding such termination; and/or 
 (c) Commence proceedings against Tenant for all amounts owed by Tenant to Landlord, whether as Monthly Base Rent, Additional Rent, damages or otherwise; and/or 
 (d) Landlord may, with or without terminating this Lease, at its election be entitled to damages for all Rent and other charges which would be payable for the balance of the Term remaining after the date of
termination of the Lease, and/or after recovery of possession of the Premises, in addition to any other remedy it may have and damages for all past due Rent and other monies owed up to termination of the Lease, and/or up to recovery of possession of
the Premises, by reason of Tenant’s default hereunder, including, without limitation, the cost of recovering the Premises and reasonable attorneys’ fees. The parties agree that damages for Rent and other charges payable subsequent to such
date of termination, and/or such date of recovery of possession, would be difficult or impossible to estimate accurately and that it is their intent to provide herein for liquidated damages in such event. As a reasonable pre-estimate of
Landlord’s probable loss, the parties agree that (a) in the event that the Premises have not been relet, then at its election Landlord shall be entitled to the entire amount of the stipulated Rent and other charges required to be paid
under this Lease for the balance of the Term from the date of such early termination, or the date of such recovery of possession, to the date this Lease would have expired in accordance with Article 1 I. hereinabove had there been no default (the
“Balance of the Term”), discounted to present value using a discount rate of six percent (6%) per annum (the “Discount Rate”); or (b) in the event that the Premises have been relet, then at its election
Landlord shall be entitled to the entire amount of the Deficiency for the Balance of the Term, discounted to present value at the Discount Rate. In the event that Landlord elects to proceed in accordance with item (a) above, and if Landlord
thereafter receives any Net Reletting Proceeds then the same shall be determined and remitted to Tenant annually after each Fiscal Year closes. Tenant waives any right to assert that Landlord’s actual damages are less than the amount calculated
hereunder; Landlord waives any right to assert that its damages are greater than the amount calculated hereunder. Anything to the contrary in this Lease notwithstanding, it is agreed to by Landlord and Tenant that they each intend to be bound by
this provision in the event Landlord elects to proceed under this paragraph (iii), and this shall be Landlord’s exclusive remedy with respect to damages for post-termination Rent and other post-termination charges in the event of such election
by Landlord; and/or 
  

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 (e) Terminate the Lease, in which event Tenant shall immediately surrender the Premises to Landlord.
Tenant agrees to pay on demand the amount of all actual loss and damage which Landlord may suffer by reason of the termination of the Lease Term under this Section or otherwise; and/or 
 (f) Enter upon and take possession of the Premises, without being liable for prosecution of any claim for damages or for trespass or other tort; and/or

 (g) Do or cause to be done whatever Tenant is obligated to do under the terms of this Lease, in which case Tenant agrees to reimburse
Landlord on demand for any and all costs or expenses which Landlord may thereby incur. Tenant agrees that Landlord shall not be liable for any damages resulting to Tenant from effecting compliance with Tenant’s obligations under this Section,
except if caused by the negligence or willful misconduct of Landlord; and/or 
 (h) Enforce the performance of Tenant’s obligations
hereunder by seeking injunction or other equitable relief (which remedy may be exercised upon any breach or default or any threatened breach or default of Tenant’s obligations hereunder). 
 (ii) Pursuit of any of the foregoing remedies shall not preclude Landlord from pursuing any other remedies herein or at law or in equity
provided, nor shall pursuit of any remedy by Landlord constitute a forfeiture or waiver of any Rent due to Landlord hereunder or of any damages accruing to Landlord by reason of Tenant’s violation of any of the covenants and provisions of this
Lease. No action by Landlord other than an express waiver or release of such liability shall be construed as relieving Tenant of it’s obligation to pay all amounts due under this Lease for the entire Term. 
 (iii) Tenant shall pay Two Hundred Fifty and No/100 Dollars ($250.00), promptly upon demand, as a charge to cover Landlord’s
administrative and clerical expenses in the event a check given to Landlord by Tenant is returned to Landlord unpaid by Landlord’s bank due to insufficient funds or any other reason. 
 (iv) Whether or not Landlord terminates this Lease, Landlord shall have the right, as Landlord chooses in its absolute discretion,
(i) to terminate any or all subleases, licenses, concessions and other agreements entered into by Tenant in connection with its occupancy of the Premises and/or (ii) to maintain any or all such agreements in effect and succeed to
Tenant’s interests in connection therewith (in which event Tenant shall cease to have any interest in any such agreement). 
 (v) Attorneys’ Fees. In any action to enforce the terms of this Lease, including any suit by Landlord for the recovery of Rent or possession of the Premises, the losing party shall reimburse the successful party for attorneys’
fees incurred in such suit and such attorneys’ fees shall be deemed to have accrued prior to the commencement of such action and shall be paid whether or not such action is prosecuted to judgment. (ii) Should Landlord, without fault on
Landlord’s part, be made a party to any litigation instituted by Tenant or by any third party against Tenant, or by or against any person holding under or using the Premises by license of Tenant, or for the foreclosure of any lien for labor or
material furnished to or for Tenant or any such other person or otherwise arising out of or resulting from any act or transaction of Tenant or of any such other person, Tenant covenants to save and hold Landlord harmless from 

  

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and against any judgment rendered against Landlord or the Premises or any part thereof and from and against all costs and expenses, including attorneys’
fees, incurred by Landlord in connection with such litigation. 
 (vi) In addition to the above, Landlord shall have any and
all other rights provided a landlord at law or in equity, including, but not limited to, those remedies provided for by laws, statutes, ordinances, governmental regulations or requirements of the United States, the State in which the Building is
located or any local government authority or agency or any political subdivision thereof, now or hereafter in effect, for breach of a lease or tenancy by a tenant. 
 (vii) TENANT HEREBY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY CLAIM, ACTION PROCEEDING OR COUNTERCLAIM BY EITHER LANDLORD OR TENANT AGAINST
THE OTHER OR ANY MATTER ARISING OUT OF OR IN ANY WAY CONNECTED WITH THIS LEASE, THE RELATIONSHIP OF LANDLORD AND TENANT, AND/OR TENANT’S USE OR OCCUPANCY OF THE PREMISES. 
 (viii) Following a Tenant default leading to Landlord exercising its remedies under this Article 20, Landlord shall use commercially
reasonable efforts to mitigate its damages (which obligation shall survive termination of this Lease); provided further, (i) such efforts need not exceed the efforts as Landlord generally uses to lease other space in the Building,
(ii) Landlord will not be deemed to have failed to mitigate if Landlord or its affiliates lease any other portions of the Building or other projects owned by Landlord or its affiliates in the same geographic area, before reletting all or any
portion of the Premises, (iii) any failure to mitigate as described herein with respect to any period of time shall only reduce the Rent and other amounts to which Landlord is entitled hereunder by the reasonable rental value of the Premises
during such period, and (iv) in recognition that the value of the Building depends on the rental rates and terms of leases therein, Landlord’s rejection of a prospective replacement tenant based on an offer of rentals below Landlord’s
publicized rates for new leases of comparable space at the Building at the time in question, or at Landlord’s option, below the rates provided in this Lease, or containing terms less favorable than those contained herein, shall not give
rise to a claim by Tenant that Landlord failed to use commercially reasonable efforts to mitigate Landlord’s damages. 
 B.
Tenant Remedies. Upon the occurrence of any default by Landlord, Tenant shall, except as otherwise expressly provided herein, have all rights and remedies provided hereunder and by law from time to time; provided, however, that Tenant shall
in no event have the right to terminate this Lease except as expressly provided herein or as provided by law. 
 ARTICLE 21. 

 QUIET ENJOYMENT 
 Landlord covenants and agrees with Tenant that so long as Tenant pays Rent and observes and performs all the terms, covenants, and conditions of this Lease on Tenant’s part to be observed and performed, Tenant may peaceably and quietly
enjoy the Premises subject, nevertheless, to the terms and conditions of this Lease, and Tenant’s possession will not be disturbed by anyone claiming by, through, or under Landlord. 
  

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 ARTICLE 22.  
 ACCORD AND SATISFACTION 
 No payment by Tenant or receipt by Landlord of an amount less than full
payment of Rent then due and payable shall be deemed to be other than on account of Rent then due and payable, nor shall any endorsement or statement on any check or any letter accompanying any check or payment as Rent be deemed an accord and
satisfaction, and Landlord may accept such check or payment without prejudice to Landlord’s right to recover the balance of such Rent or pursue any other remedy provided for in this Lease or available at law or in equity. 
 ARTICLE 23.  
 SECURITY DEPOSIT 

 To secure the full and faithful performance by Tenant of all of the covenants, conditions and agreements set forth in this Lease to be
performed by it, including, without limitation, the foregoing such covenants, conditions and agreements in this Lease which become applicable upon its termination by re-entry or otherwise, Tenant shall, on or before the Effective Date, deposit with
Landlord the sum shown in Article 1 as a “Security Deposit” on the understanding: 
 (a) that the Security Deposit or any portion
thereof may be applied to the curing of any default that may exist, including but not limited to a breach for failure to pay Rent, without prejudice to any other remedy or remedies which Landlord may have on account thereof, and upon such
application Tenant shall pay Landlord on demand the amount so applied which shall be added to the Security Deposit so the same will be restored to its original amount; 
 (b) that should the Premises be conveyed by Landlord, the Security Deposit or any balance thereof may be turned over to the Landlord’s grantee, and if the Security Deposit is turned over to such grantee, Tenant
hereby releases Landlord from any and all liability with respect to the Security Deposit and its application or return, and Tenant agrees to look solely to such grantee for such application or return; 
 (c) that Landlord may commingle the Security Deposit with other funds, shall not be required to keep the Security Deposit in trust, and shall not be
obligated to pay Tenant any interest; 
 (d) that the Security Deposit shall not be considered an advance payment of Rent or a measure of
damages for any default by Tenant, nor shall it be a bar or defense to any actions by Landlord against Tenant; 
 (e) [Intentionally
Deleted]; 
 (f) that if Tenant shall faithfully perform all of the covenants and agreements contained in this Lease on the part of the
Tenant to be performed, and provided there exists no default by Tenant hereunder, the Security Deposit or any then remaining balance thereof, shall be returned to Tenant, without interest, within thirty (30) days after the expiration of the
Term, provided that subsequent to the expiration of this Lease, Landlord may retain from the Security Deposit (i) an amount reasonably estimated by Landlord to cover potential Operating Expense reconciliation payments due 

  

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with respect to the calendar year in which this Lease terminates or expires (such amount so retained shall not, in any event, exceed ten percent
(10%) of estimated Operating Expense payments due from Tenant for such calendar year through the date of expiration or earlier termination of this Lease and any amounts so retained and not applied to such reconciliation shall be returned to
Tenant within thirty (30) days after Landlord’s delivery of the Statement for such calendar year), (ii) any and all amounts reasonably estimated by Landlord to cover the anticipated costs to be incurred by Landlord to remove any
signage provided to Tenant under this Lease and to repair any damage caused by such removal (in which case any excess amount so retained by Landlord shall be returned to Tenant within thirty (30) days after such removal and repair), and
(iii) any and all amounts permitted by law or this Article 23. Tenant hereby waives any and all provisions of law, now or hereafter in effect in the State in which the Building is located or any local government authority or agency or any
political subdivision thereof, that limit the types of defaults for which a landlord may claim sums from a security deposit, it being agreed that Landlord, in addition, may claim those sums specified in this Article 23 above and/or those sums
reasonably necessary to compensate Landlord for any other loss or damage, foreseeable or unforeseeable, caused by the acts or omissions of Tenant or any officer, employee, agent, contractor or invitee of Tenant. Tenant further covenants that it will
not assign or encumber the money deposited herein as a Security Deposit and that neither Landlord nor its successors or assigns shall be bound by any such assignment, encumbrance, attempted assignment or attempted encumbrance. In lieu of a Security
Deposit, Tenant may deliver or cause to be delivered to Landlord (prior to and as a condition of Landlord’s execution of this Lease) a Letter of Credit in accordance with the provisions of Exhibit J. 
 No later than the Effective Date, Tenant shall deliver or cause to be delivered to Landlord a Letter of Credit in accordance with the provisions of
Exhibit J. 
 ARTICLE 24.  
 BROKERAGE COMMISSION 
 Landlord and Tenant represent and warrant to each other that neither has dealt with any broker,
finder or agent except for the Broker(s) identified in Article 1. Tenant represents and warrants to Landlord that (except with respect to the Broker(s) identified in Article 1 and with whom Landlord has entered into a separate brokerage agreement)
no broker, agent, commission salesperson, or other person has represented Tenant in the negotiations for and procurement of this Lease and of the Premises and that no commissions, fees, or compensation of any kind are due and payable in connection
herewith to any broker, agent commission salesperson, or other person. Tenant agrees to indemnify and hold harmless Landlord, its agents, members, partners, representatives, officers, affiliates, shareholders, employees, successors and assigns from
and against any and all loss, liabilities, claims, suits, or judgments (including, without limitation, attorneys’ fees and court costs incurred in connection with any such claims, suits, or judgments, or in connection with the enforcement of
this indemnity) for any fees, commissions, or compensation of any kind which arise out of or are in any way connected with any claimed agency relationship not referenced in Article 1. 
  

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 ARTICLE 25.  
 FORCE MAJEURE 
 Landlord shall be excused for the period of any delay in the performance of any
obligation hereunder when prevented from so doing by a cause or causes beyond its control, including all labor disputes, civil commotion, war, war-like operations, invasion, rebellion, hostilities, military or usurped power, sabotage, governmental
regulations or controls, fire or other casualty, inability to obtain any material, services or financing, or through acts of God. Tenant shall similarly be excused for delay in the performance of any obligation hereunder; provided: 
 (a) nothing contained in this Section shall be deemed to excuse or permit any delay in the payment of Rent, or any delay in the cure of any default which
may be cured by the payment of money nor shall this sub-paragraph be deemed to override any other provision of this Lease under which rent abatement is allowed; and 
 (b) no reliance by Tenant upon this Section shall limit or restrict in any way Landlord’s right of self-help as provided in this Lease. 
 ARTICLE 26.  
 PARKING 
 (a) Landlord hereby grants to Tenant the right, in common with others authorized by Landlord (unless exclusive use is specified in Article 1(R) above),
to use the parking facilities in, or on the roof of, that portion of the garage attached to or otherwise serving the Building, which is specifically allocated for the use of the Building and its occupants (the “Parking Facility”) and to
use no more than the number of spaces made available to Tenant as set forth in Article 1(R) (the “Spaces”) notwithstanding the number of Tenant’s employees, customers or invitees. Landlord agrees that it will maintain a Parking
Facility in the Building or in reasonable proximity thereto which shall contain at all times after the Commencement Date at least 3.7 parking spaces for each one-thousand (1,000) rentable square feet of space occupied by tenants of the
Building. 
 (b) No deductions or allowances shall be made for days when Tenant or any of its employees does not utilize the Parking Facility
or for Tenant utilizing less than all of the Spaces. Tenant shall not have the right to lease or otherwise use more than the number of unreserved Spaces set forth above. 
 (c) If Tenant adds additional office space to its Premises under this Lease due to the exercise of any options under this Lease, then Tenant shall be entitled to additional unreserved parking spaces equal to 4.0
spaces for every 1,000 rentable square feet contained in such additional space. Such additional spaces shall be considered “Spaces” hereunder and shall be subject to the terms and provisions of this Article 26. 
 (d) During the initial Term, any subsequent renewal terms Tenant shall not pay for parking in the Parking Facility. 
 (e) Except for particular spaces and areas mutually agreed to by Tenant and Landlord for reserved parking, all parking in the Parking Facility shall be
on an unreserved, first-come, first-served basis. During the Term and subsequent renewal 

  

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terms Landlord will provide Tenant with five (5) reserved parking spaces in the location shown on Exhibit “I”. Reserved parking shall
be striped and marked as Tenant’s 24 x 7, at Landlord’s sole expense. 
 (f) Landlord shall not be responsible for money, jewelry,
automobiles or other personal property lost in or stolen from the Parking Facility regardless of whether such loss or theft occurs when the Parking Facility is locked or otherwise secured. Except as caused by the negligence or willful misconduct of
Landlord and without limiting the terms of the preceding sentence, Landlord shall not be liable for any loss, injury or damage to persons using the Parking Facility or automobiles or other property therein, it being agreed that, to the fullest
extent permitted by law, the use of the Spaces shall be at the sole risk of Tenant and its employees. 
 (g) Landlord shall have the right
from time to time to designate the location of the Spaces and to promulgate reasonable rules and regulations regarding the Parking Facility, the Spaces and the use thereof, including, but not limited to, rules and regulations controlling the flow of
traffic to and from various parking areas, the angle and direction of parking and the like. Tenant shall comply with and cause its employees to comply with all such rules and regulations as well as all reasonable additions and amendments thereto.

 (h) Tenant shall not store or permit its employees to store any automobiles in the Parking Facility without the prior written consent of
Landlord. Except for emergency repairs, Tenant and its employees shall not perform any work on any automobiles while located in the Parking Facility or on the Property. If it is necessary for Tenant or its employees to leave an automobile in the
Parking Facility overnight, Tenant shall provide Landlord with prior notice thereof designating the license plate number and model of such automobile. 
 (i) Landlord shall have the right to temporarily close the Parking Facility or certain areas therein in order to perform necessary repairs, maintenance and improvements to the Parking Facility, however Tenant shall
always have its allotment of Parking spaces Monday through Friday. To the extent possible, significant work that will displace a substantial number of parking spaces shall be performed on weekends. 
 (j) Tenant shall not assign or sublease any of the Spaces without the consent of Landlord. Landlord shall have the right to terminate this Parking
Agreement with respect to any Spaces that Tenant desires to sublet or assign. 
 (k) Landlord may elect to provide parking cards or keys to
control access to the Parking Facility, with the cost of the initial cards or keys to be at Landlord’s sole cost and expense. In such event, Landlord shall provide Tenant with one card or key for each Space that Tenant is leasing hereunder.
Landlord shall have the right to require Tenant pay a fee of the greater of Ten Dollars ($10.00) or the actual cost for any lost or damaged cards or keys. 
 (l) Landlord hereby reserves the right to enter into a management agreement or lease with an entity for the Parking Facility (“Parking Facility Operator”). In such event, Tenant, upon request of
Landlord, shall enter into a parking agreement with the Parking Facility Operator to secure parking, which shall be at no cost to Tenant during the initial term and any renewal terms. and Landlord shall have no liability for claims arising through
acts or omissions of the Parking Facility Operator unless caused by Landlord’s negligence or willful misconduct. It is understood and agreed that the identity 

  

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of the Parking Facility Operator may change from time to time during the Term. In connection therewith, any parking lease or agreement entered into between
Tenant and a Parking Facility Operator shall be freely assignable by such Parking Facility Operator or any successors thereto. Tenant shall have parking privileges during construction or pre-occupancy. 
 ARTICLE 27.  
 HAZARDOUS MATERIALS

 A. Definition of Hazardous Materials. The term “Hazardous Materials” for purposes hereof shall mean any chemical,
substance, materials or waste or component thereof which is now or hereafter listed, defined or regulated as a hazardous or toxic chemical, substance, materials or waste or component thereof by any federal, state or local governing or regulatory
body having jurisdiction, or which would trigger any employee or community “right-to-know” requirements adopted by any such body, or for which any such body has adopted any requirements for the preparation or distribution of a materials
safety data sheet (“MSDS”). The term “Hazardous Material” includes, without limitation, any material, waste or substance which is (i) included within the definitions of “hazardous substances,” “hazardous
materials,” “toxic substances” or “solid waste” in or pursuant to any environmental Law, or subject to regulation under any environmental Law, (ii) listed in the United States Department of Transportation Optional
Hazardous Material Table, 49 C.F.R. § 172.101, as to date or hereafter amended, or in the United States Environmental Protection Agency List of Hazardous Substances and Reportable Quantities, 40 C.F.R. Part 302, as to date or hereafter amended,
(iii) an explosive, radioactive, asbestos, polychlorinated biphenyl, oil or petroleum product, (iv) designated as a “Hazardous Substance” pursuant to Section 311 of the Federal Water Pollution Control Act (33 U.S.C. §
1317), (v) defined as a “Hazardous Waste” pursuant to Section 1004 of the Federal Resource Conservation and Recovery Act, 42 U.S.C. § 6901 et seq. (42 U.S.C. § 6903), (vi) defined as a “Hazardous
Substance” pursuant to Section 101 of the Comprehensive Environmental Response, Compensation and Liability Act, 42 U.S.C. § 9601 et seq. (42 U.S.C. § 9601), or (vii) any substance deemed to be a “Hazardous
Material” by any present or future federal, state or local Law, statute, regulation ordinance, or any judicial or administrative order or judgment thereunder, because it effects the health, industrial hygiene or the environmental or ecological
conditions on, under or about the Premises or the Building. 
 B. No Hazardous Materials. Tenant shall not transport, use, store,
maintain, generate, manufacture, handle, dispose, release or discharge any Hazardous Materials. However, the foregoing provisions shall not prohibit the transportation to and from, and use, storage, maintenance and handling within the Premises of
Hazardous Materials customarily used in the business or activity expressly permitted to be undertaken in the Premises under Article 6, provided: (a) such Hazardous Materials shall be used and maintained only in such quantities as are reasonably
necessary for such permitted use of the Premises and the ordinary course of Tenant’s business therein, strictly in accordance with applicable Law, highest prevailing standards, and the manufacturers’ instructions therefor, (b) such
Hazardous Materials shall not be disposed of, released or discharged in the Building, and shall be transported to and from the Premises in compliance with all applicable Laws, and as Landlord shall reasonably require, (c) if any applicable Law
or Landlord’s trash removal contractor requires that any such Hazardous Materials be disposed of separately from ordinary trash, Tenant shall make arrangements, at Tenant’s expense, for such disposal directly with a qualified and licensed
disposal company at a lawful disposal site (subject to scheduling and approval 

  

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by Landlord), and (d) any remaining such Hazardous Materials shall be completely, properly and lawfully removed from the Building upon expiration or
earlier termination of this Lease. Any clean up, remediation and removal work shall be subject to Landlord’s prior written approval (except in emergencies), and shall include, without limitation, any testing, investigation, and the preparation
and implementation of any remedial action plan required by any governmental body having jurisdiction or reasonably required by Landlord. If Landlord or any Lender or governmental body arranges for any tests or studies showing that this Article has
been violated by Tenant, Tenant shall pay for the costs of such tests. 
 C. Notices To Landlord. Tenant shall promptly notify
Landlord of: (i) any enforcement, cleanup or other regulatory action taken or threatened by any governmental or regulatory authority with respect to the presence of any Hazardous Materials on the Premises or the migration thereof from or to
other property, (ii) any demands or claims made or threatened by any party relating to any loss or injury resulting from any Hazardous Materials on the Premises, (iii) any release, discharge or non-routine, improper or unlawful disposal or
transportation of any Hazardous Materials on or from the Premises or in violation of this Article, and (iv) any matters where Tenant is required by Law to give a notice to any governmental or regulatory authority respecting any Hazardous
Materials on the Premises. Landlord shall have the right (but not the obligation) to join and participate, as a party, in any legal proceedings or actions affecting the Premises initiated in connection with any environmental, health or safety Law.
At such times as Landlord may reasonably request, Tenant shall provide Landlord with a written list, certified to be true and complete, identifying any Hazardous Materials then used, stored, or maintained upon the Premises, the use and approximate
quantity of each such materials, a copy of any MSDS issued by the manufacturer therefor, and such other information as Landlord may reasonably require or as may be required by Law. 
 D. Environmental Audit. During the last six (6) months of the Term, Landlord may have an environmental audit of the Premises conducted by an
independent environmental expert selected by Landlord. If such audit discloses the presence of any Hazardous Materials or the violation of any Law for which Tenant is responsible under this Article, Tenant shall promptly take action as may be
required by this Article. 
 E. Indemnification. If any Hazardous Materials are released, discharged or disposed of by Tenant or any
other occupant of the Premises, or their employees, agents, invitees or contractors, on or about the Building in violation of the foregoing provisions, Tenant shall immediately, properly and in compliance with applicable Laws clean up, remediate and
remove the Hazardous Materials from the Building and any other affected property and clean or replace any affected personal property (whether or not owned by Landlord), at Tenant’s expense (without limiting Landlord’s other remedies
therefor). Tenant shall further be required to indemnify, hold harmless and defend (by counsel reasonably acceptable to Landlord) Landlord, Landlord’s directors, officers, partners, employees, attorneys, agents, successors and assigns from and
against any and all claims, demands, liabilities, losses, damages, penalties, forfeitures, judgments or expenses (including attorneys’ fees) or death or injury to any person or damage to any property whatsoever, arising directly or indirectly
arising out of or attributable to: (i) a violation of the provisions of this Article by Tenant, Tenant’s occupants, employees, contractors or agents; (ii) the presence in, on, under or about the Premises or discharge in or from the
Premises of any Hazardous Materials placed in, under or about the Premises by Tenant or at Tenant’s direction, excluding any tenant improvement work done by Landlord; (iii) Tenant’s use, analysis, storage, transportation, 

  

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disposal, release, threatened release, discharge or generation of Hazardous Materials to, in, on, under, about or from the Premises; or
(iv) Tenant’s failure to comply with any Hazardous Materials Law applicable hereunder to Tenant. Any clean up, remediation and removal work shall be subject to Landlord’s prior written approval (except in emergencies), and shall
include, without limitation, any testing, investigation, and the preparation and implementation of any remedial action plan required by any governmental body having jurisdiction or reasonably required by Landlord. If Landlord or any Lender or
governmental body arranges for any tests or studies showing that this Article has been violated, Tenant shall pay for the costs of such tests. The provisions of this Article shall survive the expiration or earlier termination of this Lease.

 Landlord will indemnify, defend (by counsel reasonably acceptable to Tenant), protect, and hold Tenant and each of Tenant’s
employees, agents, attorneys, successors and assigns, free and harmless from and against any and all claims, liabilities, penalties, forfeitures, losses or expenses (including attorney’s fees) or death of or injury to any person or damage to
any property whatsoever, arising from or caused in whole or in part, directly or indirectly, by: 
 (i) the presence in, on,
under or about the Premises or the Building or discharge in or from the Premises or the Building of any Hazardous Materials placed, in, on, under or about the Premises or the Building by Landlord or at Landlord’s direction; or 
 (ii) Landlord’s use, analysis, storage, transportation, disposal, release, threatened release, discharge or generation of Hazardous
Materials to, in, on, under, about or from the Premises or the Building; or 
 (iii) Landlord’s failure to comply with
any Hazardous Materials Law. 
 The obligations of each party pursuant to this Section include, without limitation, and whether foreseeable or unforeseeable,
all costs of any required or necessary repair, cleanup or detoxification or decontamination of the Premises or the Building, and the preparation and implementation of any closure, remedial action or other required plans in connection therewith, and
survives the expiration or earlier termination of the term of the Lease. 
 ARTICLE 28.  
 ADDITIONAL RIGHTS RESERVED BY LANDLORD 
 In addition to any other rights provided for herein, Landlord reserves the following rights, exercisable without liability to Tenant for damage or injury to property, person or business and without effecting an eviction, constructive or
actual, or disturbance of Tenant’s use or possession or giving rise to any claim: 
 (a) To name the Building and to change the name or
street address of the Building; however, in the event of a street address change, Tenant shall be entitled to reimbursement for expenses associated with such address change, including, but not limited to, the reprinting of stationary or other
consumables, modifications to Tenant’s website and any and all direct or indirect costs incurred by Tenant as a result of such address change. 
  

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 (b) To install and maintain all signs on the exterior and interior of the Building; 
 (c) To designate all sources furnishing sign painting or lettering for use in the Building; 
 (d) During the last thirty (30) days of the Term, if Tenant has vacated the Premises, to decorate, remodel, repair, alter or otherwise prepare the
Premises for occupancy; in no event shall another tenant be allowed to occupy the Premises unless Landlord agrees to a termination of existing lease for that period of time. 
 (e) To have pass keys to the Premises and all doors therein, excluding Tenant’s vaults and safes, and secure rooms; 
 (f) On reasonable prior notice to Tenant, to exhibit the Premises to any prospective purchaser, Lender, mortgagee, or assignee of any mortgage on the
Building and to others having an interest therein at any time during the Term, and to prospective tenants during the last six (6) months of the Term; 
 (g) To take any and all measures, including entering the Premises for the purpose of making inspections, repairs, alterations, additions and improvements to the Premises or to the Building (including for the purpose
of checking, calibrating, adjusting and balancing controls and other parts of the Building Systems), as may be necessary or desirable for the operation, improvement, safety, protection or preservation of the Premises or the Building, or in order to
comply with all Laws, orders and requirements of governmental or other authority, or as may otherwise be permitted or required by this Lease; provided, however, that Landlord will give Tenant notice reasonable under the circumstances and that during
the progress of any work on the Premises or at the Building, Landlord will attempt not to inconvenience Tenant, but shall not be liable for inconvenience, annoyance, disturbance, loss of business, or other damage to Tenant by reason of performing
any work or by bringing or storing materials, supplies, tools or equipment in the Building or Premises during the performance of any work unless such action is a result of negligence or willful misconduct on the part of the Landlord or its
employees, and the obligations of Tenant under this Lease shall not thereby be affected in any manner whatsoever; 
 (h) To modify, reduce or
discontinue services provided within the Building, so long as Tenant’s business is not materially and adversely affected; 
 (i) To
relocate various facilities within the Building and on the land of which the Building is a part if Landlord shall determine such relocation to be in the best interest of the development of the Building and such property, provided that such
relocation shall not materially restrict access to the Premises; and 
 (j) To install vending machines of all kinds in the Building and to
receive all of the revenue derived therefrom, provided, however, that no vending machines shall be installed by Landlord in the Premises unless Tenant so requests. 
  

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 ARTICLE 29.  
 DEFINED TERMS 
 A. “Building” shall refer to the Building named in Article 1 of which the
Premises are a part (including all modifications, additions and alterations made to the Building during the term of this Lease) and the real property on which the same is located. 
 B. “Common Areas” shall mean and include all areas, facilities, equipment, directories and signs of the Building (exclusive of the Premises and
areas leased to other Tenants) made available and designated by Landlord for the common and joint use and benefit of Landlord, Tenant and other tenants and occupants of the Building including, but not limited to, lobbies, public washrooms, hallways,
sidewalks, parking areas, landscaped areas and service entrances. Common Areas may further include such areas in adjoining properties under reciprocal easement agreements, operating agreements or other such agreements now or hereafter in effect and
which are available to Landlord, Tenant and Tenant’s employees and invitees. Landlord reserves the right in its sole discretion and from time to time, to construct, maintain, operate, repair, close, limit, take out of service, alter, change,
and modify all or any part of the Common Areas, provided that such action by Landlord does not prevent Tenant’s access to the Premises. 
 C. “Default Rate” shall mean twelve percent (12%) per annum, or the highest rate permitted by applicable law, whichever shall be less. If the application of the Default Rate causes any provision of this Lease to be usurious
or unenforceable, the Default Rate shall automatically be reduced to the highest rate allowed by law so as to prevent such result. 
 D.
“Hazardous Materials” shall have the meaning set forth in Article 27. 
 E. “Landlord” and “Tenant” shall
be applicable to one or more parties as the case may be, and the singular shall include the plural, and the neuter shall include the masculine and feminine; and if there is more than one (1), the obligations thereof shall be joint and several. For
purposes of any provisions indemnifying or limiting the liability of Landlord, the term “Landlord” shall include Landlord’s present and future partners, beneficiaries, trustees, officers, directors, employees, shareholders,
principals, agents, affiliates, successors and assigns. 
 F. “Law” or “Laws” shall mean all federal, state, county and
local governmental and municipal laws, statutes, ordinances, rules, regulations, codes, decrees, orders and other such requirements, applicable equitable remedies and decisions by courts in cases where such decisions are binding precedents in the
state in which the Building is located, and decisions of federal courts applying the Laws of such state. 
 G. “Lease” shall mean
this lease executed between Tenant and Landlord, including any extensions, amendments or modifications and any Exhibits attached hereto. 
 H. “Lease Year” shall mean each consecutive twelve (12) month period thereof during the Term, with the first Lease Year commencing on the Commencement Date; however, (a) if the Commencement Date falls on a day other than
the first day of a 

  

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calendar month, the first Lease Year shall end on the last day of the twelfth (12th) full calendar month after the Commencement Date and the second
(2nd) and each succeeding Lease Year shall commence on the first day of the next calendar month, and (b) the last Lease Year shall end on the Expiration Date. 
 I. “Lender” shall mean the holder of a Mortgage at the time in question, and where such Mortgage is a ground lease, such term shall refer to the ground lessee. 
 J. “Mortgage” shall mean all mortgages, deeds of trust, ground leases and other such encumbrances now or hereafter placed upon the Building or
any part thereof with the written consent of Landlord, and all renewals, modifications, consolidations, replacements or extensions thereof, and all indebtedness now or hereafter secured thereby and all interest thereon. 
 K. “Operating Expenses” shall mean all operating expenses of any kind or nature which are necessary, ordinary or customarily incurred in
connection with the operation, maintenance, ownership or repair of the Building as determined by Landlord. 
 Operating Expenses shall
include, but not be limited to: 
 1.1 costs of supplies, including, but not limited to, the cost of relamping all Building standard lighting
as the same may be required from time to time; 
 1.2 costs incurred in connection with obtaining and providing energy for the Building,
including, but not limited to, costs of propane, butane, natural gas, steam, electricity, solar energy and fuel oils, coal or any other energy sources, including any taxes thereon, except for any costs in connection with providing such energy
directly to tenants of Building and payable separately by such tenants; 
 1.3 costs of water and sanitary and storm drainage services;

 1.4 costs of janitorial and security services; 
 1.5 costs of general maintenance and repairs, including costs under HVAC, the intrabuilding network cable and other mechanical maintenance contracts and maintenance, repairs and replacement of equipment and tools used
in connection with operating the Building and the parking facilities; 
 1.6 costs of maintenance and replacement of landscaping; 

1.7 insurance premiums, including fire and all-risk coverage, together with loss of rent endorsements, the part of any claim required to be paid under
the deductible portion of any insurance policies carried by Landlord in connection with the Building (where Landlord is unable to obtain insurance without such deductible from a major insurance carrier at reasonable rates), public liability
insurance and any other insurance carried by Landlord on the Building, or any component parts thereof (all such insurance shall be in such amounts as may be required by any holder of a Mortgage or as Landlord may reasonably determine); 

1.8 labor costs, including wages and other payments, costs to Landlord of worker’s compensation and disability insurance, payroll taxes,
employment taxes, general welfare benefits, pension payments, medical and surgical benefits, for Building personnel up to the level of Building manager and all legal fees and other costs or expenses incurred in resolving any labor dispute;

  

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 1.9 actual professional building management fees required for management of the Building not to exceed 3%
of gross rental income of the Building; 
 1.10 legal, accounting, inspection, and other consultation fees (including, without limitation,
fees charged by consultants retained by Landlord for services that are designed to produce a reduction in Operating Expenses or to reasonably improve the operation, maintenance or state of repair of the Building) incurred in the ordinary course of
operating the Building or in connection with making the computations required hereunder or in any audit of operations of the Building; notwithstanding the forgoing, such fees and expenses above shall not include any advertising/marketing or related
expenses of the Building, any expenses related to negotiations with prospective or renewing tenants, or any expenses or fees related to past, current or future disputes with tenants; 
 1.11 the costs of capital improvements or structural repairs or replacements made in or to the Building (a) in order to conform to changes,
subsequent to the date of this Lease, in any applicable Laws, ordinances, rules, regulations or orders of any governmental or quasi-governmental authority having jurisdiction over the Building (herein “Required Capital Improvements”) or
(b) the costs incurred by Landlord to install a new or replacement capital item for the purpose of reducing (or limiting the increase of) Operating Expenses (herein “Cost Savings Improvements”) The expenditures described in the
preceding sentence shall be amortized over the useful life of such capital improvement or structural repair or replacement (as determined by Landlord). All costs so amortized shall bear interest on the amortized balance at the rate of twelve percent
(12%) per annum or such higher rate as may have been paid by Landlord on funds borrowed for the purpose of constructing these capital improvements; 
 In making any computations contemplated hereby, Landlord shall also be permitted to make such adjustments and modifications to the provisions of this paragraph and Article 4 as shall be reasonable and necessary to
achieve the intention of the parties hereto. 
 Excluded from Operating Expenses shall be the following: (aa) principal, interest on and
amortization of debts; (bb) brokerage commissions (whether for sale, leasing or financing), and advertising and marketing expenses for procuring new tenants of the Building; (cc) financing and refinancing costs; (dd) Taxes; (ee) leasehold
improvements made exclusively for one or more particular tenant(s) of the Building (which do not benefit or are not made available to the Tenant); (ff) the cost of any item included in Operating Expenses under section K above to the extent that such
cost is reimbursed by a warranty, guaranty, service contract, an insurance company, government authorities, a condemnor, or a tenant (except as a reimbursement of Operating Expenses) or any other party, but if at the time Operating Expenses are
determined for a particular year such reimbursement has not been made, such expenses may be included in Operating Expenses and an adjustment shall be made when and if such reimbursement is actually received; (gg) ground rent, or any other rent
payments or other related costs under any superior lease of the Building, (hh) expenses incurred in the sale, transfer, or other disposition of any of the Building, or any interest therein, (ii) legal fees, consulting fees, and court costs
relating to acquisition, financing, refinancing and sale of the Building, or any interest therein, or related to disputes with other tenants or other occupants of the Building, or associated with the preparation, negotiation or 

  

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enforcement of any leases, (jj) administrative salaries, benefits and other compensation of Landlord’s or its agents’ employees above the grade of
Building manager, (kk) costs of additional or extra services furnished to other tenants for which Landlord is separately reimbursed, (ll) depreciation and amortization of Landlord’s acquisition cost of the Building or Equipment, (mm) the
cost of any work performed or service provided to the extent the fees charged or other compensation received would result in a duplicative recovery by the Landlord, (nn) costs, fines, interest, penalties, legal fees or costs of litigation incurred
due to the late payments of taxes, utility bills and other costs incurred by Landlord’s failure to make such payments when due, (oo) costs incurred by Landlord for trustee fees, partnership organizational expenses and accounting fees (except
accounting fees relating solely to the ownership and operation of the building), (pp) Landlord’s general corporate overhead and general and administrative expenses, (qq) the rent for Landlord’s on-site leasing office, or any other offices
or spaces of Landlord or any related entity, (rr) rental for any space in the Building set aside for conference facilities, storage facilities or exercise facilities, (ss) capital expenditures and depreciation of the Building, (tt) cost of complying
with government regulations, and (vv) painting and decorating of tenant space. 
 L. “Rent” shall have the meaning specified
therefor in Article 3. 
 M. “Tax” or “Taxes” shall mean: 
 1.1 all real property taxes and assessments levied against the Building by any governmental or quasi-governmental authority including a community
improvement district (or similar entity). The foregoing shall include all federal, state, county, or local governmental, special district, improvement district, municipal or other political subdivision taxes, fees, levies, assessments, charges or
other impositions of every kind and nature, whether general, special, ordinary or extraordinary, respecting the Building, including without limitation, real estate taxes, general and special assessments, interest on any special assessments paid in
installments, transit taxes, water and sewer rents, taxes based upon the receipt of rent, personal property taxes imposed upon the fixtures, machinery, equipment, apparatus, appurtenances, furniture and other personal property used in connection
with the Building which Landlord shall pay during any calendar year, any portion of which occurs during the Term (without regard to any different fiscal year used by such government or municipal authority except as provided below). Provided,
however, any taxes which shall be levied on the rentals of the Building shall be determined as if the Building were Landlord’s only property, and provided further that in no event shall the term “taxes or assessment,” as used herein,
include any net federal or state income taxes levied or assessed on Landlord, unless such taxes are a specific substitute for real property taxes. Such term shall, however, include gross taxes on rentals. Expenses incurred by Landlord for tax
consultants and in contesting the amount or validity of any such taxes or assessments shall be included in such computations. 
 1.2 all
“assessments”, including so-called special assessments, license tax, business license fee, business license tax, levy, charge, penalty or tax imposed by any authority having the direct power to tax, including any city, county, state or
federal government, or any school, agricultural, lighting, water, drainage, or other improvement or special district thereof, against the Premises or the Building or any legal or equitable interest of Landlord therein. For the purposes of this
Lease, any special assessments shall be deemed payable in such number of installments as is permitted by law, whether or not actually so paid. All of the preceding clauses M (1.1 and 1.2) are collectively referred to as the “Tax” or
“Taxes”. 
  

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 All other capitalized terms shall have the definition set forth in the Lease. 
 ARTICLE 30.  
 MISCELLANEOUS
PROVISIONS 
 A. RULES AND REGULATIONS. 
 Tenant shall comply with all of the rules and regulations promulgated by Landlord from time to time for the Building. A copy of the current rules and regulations is attached hereto as Exhibit D. Landlord shall not be
liable to Tenant for violation of any such rules and regulations, or for the breach of any covenant or condition in any lease by any other tenant in the Building. A waiver by Landlord of any rule or regulation for any other tenant shall not
constitute nor be deemed a waiver of that rule or regulation for Tenant. 
 B. EXECUTION OF LEASE. Intentionally Deleted 

C. NOTICES. 
 All notices under
this Lease shall be in writing and will be deemed sufficiently given for all purposes if, to Tenant, by delivery to Tenant at the Premises during the hours the Building is open for business or by certified mail, return receipt requested or by
nationally-recognized, overnight delivery service (such as Federal Express) with an acknowledged receipt, to Tenant at the address set forth below, and if to Landlord, by certified mail, return receipt requested or by nationally recognized overnight
delivery service (such as Federal Express) with an acknowledged receipt, at the addresses set forth below, or at such other address from time to time established by Landlord. 
 Landlord: at address shown in Article 1, item F. 
 with a copy to: Building Manager at address shown in Article 1, item G. 
 Tenant: at address shown in Article 1, item B. 

 

			
	 with copy to:
	  	 TRX, Inc
 Attention: General Counsel
 2970 Clairmont Road
 Suite 300
 Atlanta, GA 30329

		
	 Prior to occupancy:
	  	 6 West Druid Hills Drive
 Atlanta, GA 30329

Attention: General Counsel

 D. TRANSFERS. 
 The term “Landlord” appearing herein shall mean only the owner of the Building from time to time and, upon a sale or transfer of its interest
in the Building, the then landlord and transferring party shall have no further obligations or liabilities for matters accruing after the date of transfer of that interest. Tenant, upon such sale or transfer, agrees to attorn to the transferee and
shall look solely to the successor owner 

  

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and transferee of the Building, as the lessor under this Lease, for performance of Landlord’s obligations hereunder. Tenant shall, within five
(5) days after request, execute such further instruments or assurances as such transferee may reasonably deem necessary to evidence or confirm such attornment. 
 E. Landlord represents and warrants that Landlord has not received any notice that the Building does not comply with federal, state, county and local governmental and municipal laws, statutes, ordinances, rules,
regulations, codes, decrees, orders and other such requirements applicable to the Building. 
 F. TENANT FINANCIAL STATEMENTS.

 Upon written request from Landlord, Tenant shall deliver to Landlord audited financial statements for its most recent accounting period.
Landlord shall make such request no more than one time during any Lease Year. All such financial statements shall be certified by an independent certified public accountant. 
 G. RELATIONSHIP OF THE PARTIES. 
 Nothing contained in this Lease shall be construed by the parties hereto, or by any third party, as constituting the parties as principal and agent, partners or joint venturers, nor shall anything herein render either party (other than a
guarantor) liable for the debts and obligations of any other party, it being understood and agreed that the only relationship between Landlord and Tenant is that of Landlord and Tenant. 
 H. ENTIRE AGREEMENT; MERGER; SEVERABILITY. 
 This Lease and any Exhibits or Addenda hereto, embody the entire agreement and understanding between the parties respecting the Lease and the Premises and supersedes all prior negotiations, agreements and understandings between the parties,
all of which are merged herein. No provision of this Lease may be modified, waived or discharged except by an instrument in writing signed by the party against which enforcement of such modification, waiver or discharge is sought. Any provision of
this Lease which shall prove to be invalid, void or illegal shall in no way affect, impact, impair or invalidate any other provision hereof and such other provisions shall remain in full force and effect. 
 I. NO REPRESENTATION BY LANDLORD. 
 Neither Landlord nor any agent of Landlord has made any representations, warranties, or promises with respect to the Premises or the Building except as expressly set forth herein. 
 J. LIMITATION OF LIABILITY. 
 Notwithstanding anything in this Lease to the contrary, any remedy of Tenant for the collection of a judgment (or other judicial process) requiring the payment of money by Landlord in the event of any default by Landlord hereunder or any
claim, cause of action or obligation, contractual, statutory or otherwise by Tenant against Landlord concerning, arising out of or relating to any matter relating to this Lease and all of the covenants and conditions or any obligations, contractual,
statutory, or otherwise set forth herein, shall be limited solely and exclusively to the interest of Landlord in and to the Building. Any judgments rendered against Landlord shall be satisfied solely out of 

  

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proceeds of sale of Landlord’s interest in the Building. No other property or assets of Landlord, or any member, officer, director, shareholder,
partner, trustee, agent, servant or employee of Landlord (the “Representatives”) shall be subject to levy, execution or other enforcement procedure for the satisfaction of Tenant’s remedies under or with respect to this Lease,
Landlord’s obligations to Tenant, whether contractual, statutory or otherwise, the relationship of Landlord and Tenant hereunder, or Tenant’s use or occupancy of the Building. Tenant further understands that any liability, duty or
obligation of Landlord to Tenant, shall automatically cease and terminate as of the date that Landlord or any of Landlord’s Representatives no longer have any right, title or interest in or to the Building. The provisions hereof shall inure to
Landlord’s successors and assigns including any Lender. The foregoing provisions are not intended to relieve Landlord from the performance of any of Landlord’s obligations under this Lease, but only to limit the personal liability of
Landlord in case of recovery of a judgment against Landlord; nor shall the foregoing be deemed to limit Tenant’s rights to obtain injunctive relief or specific performance or other remedy which may be accorded Tenant by law or under this Lease.
If Tenant claims or asserts that Landlord has violated or failed to perform a covenant under the Lease, except as otherwise expressly provided for in this Lease, Tenant’s sole remedy shall be an action for specific performance, declaratory
judgment or injunction and in no event shall Tenant be entitled to any money damages in any action or by way of set off, defense or counterclaim and Tenant hereby specifically waives the right to any money damages or other remedies for any such
violation or failure. 
 K. MEMORANDUM OF LEASE. 
 Neither party, without the written consent of the other, will execute or record this Lease or any summary or memorandum of this Lease in any public recorder’s office. 
 L. NO WAIVERS. 
 Failure of Landlord
to insist upon strict compliance by Tenant of any condition or provision of this Lease shall not be deemed a waiver by Landlord of that condition. No waiver by Landlord of any provision of this Lease shall be deemed to be a waiver of any other
provision hereof or of any subsequent breach by Tenant of the same or any other provision. No provision of this Lease may be waived by Landlord, except by an instrument in writing executed by Landlord. Landlord’s consent to or approval of any
act by Tenant requiring Landlord’s consent or approval shall not be deemed to render unnecessary the obtaining of Landlord’s consent to or approval of any subsequent act of Tenant, whether or not similar to the act so consented to or
approved. No act or thing done by Landlord or Landlord’s agents during the Term of this Lease shall be deemed an acceptance of a surrender of the Premises, and no agreement to accept such surrender shall be valid unless in writing and signed by
Landlord. Similarly, this Lease cannot be amended except by a writing signed by Landlord and Tenant. Any payment by Tenant or receipt by Landlord of an amount less than the total amount then due hereunder shall be deemed to be in partial payment
only thereof and not a waiver of the balance due or an accord and satisfaction, notwithstanding any statement or endorsement to the contrary on any check or any other instrument delivered concurrently therewith or in reference thereto. Accordingly,
Landlord may accept any such amount and negotiate any such check without prejudice to Landlord’s right to recover all balances due and owing and to pursue its other rights against Tenant under this Lease, regardless of whether Landlord makes
any notation on such instrument of payment or otherwise notifies Tenant that such acceptance or negotiation is without prejudice to Landlord’s rights. 
  

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 M. SUCCESSORS AND ASSIGNS. 
 The conditions, covenants and agreements contained herein shall be binding upon and inure to the benefit of the parties hereto and their respective
heirs, executors, administrators, successors and assigns. 
 N. WAIVER OF JURY TRIAL; GOVERNING LAW. 
 Landlord and Tenant hereby waive all right to trial by jury in any claim, action, proceeding or counterclaim by either Landlord or Tenant against each other or any
matter arising out of or in any way connected with this Lease, the relationship of Landlord and Tenant, and/or Tenant’s use or occupancy of the Premises. 
 This Lease shall be governed by the law of the State where the Building is located. No conflicts of law rules of any state or country (including, without limitation, the conflicts of law rules of the State in which
the Building is located) shall be applied to result in the application of any substantive or procedural laws of any state or country other than the State in which the Building is located. All controversies, claims, actions or causes of action
arising between the parties hereto and/or their respective successors and assigns, shall be brought, heard and adjudicated by the courts of the State of Georgia, with venue in the County of DeKalb. Each of the parties hereto hereby consents to
personal jurisdiction by the courts of the State of Georgia in connection with any such controversy, claim, action or cause of action, and each of the parties hereto consents to service of process by any means authorized by the law of the State in
which the Building is located and consent to the enforcement of any judgment so obtained in the courts of the State in which the Building is located on the same terms and conditions as if such controversy, claim, action or cause of action had been
originally heard and adjudicated to a final judgment in such courts. Each of the parties hereto further acknowledges that the laws and courts of the State in which the Building is located were freely and voluntarily chosen to govern this Lease and
to adjudicate any claims or disputes hereunder. 
 O. EXHIBITS. 
 All exhibits attached to this Lease are a part hereof and are incorporated herein by reference and all provisions of such exhibits shall constitute
agreements, promises and covenants of this Lease. 
 P. CAPTIONS. 
 The captions and headings used in this Lease are for convenience only and in no way define or limit the scope, interpretation or content of this Lease.

 Q. COUNTERPARTS. 
 This Lease may be executed in one (1) or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 
 R. TIME OF ESSENCE. 
 Each covenant
herein is a condition and time is of the essence with respect to the performance of every provision of this Lease. 
  

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 S. SURVIVAL OF OBLIGATIONS. 
 Any obligations of Tenant occurring prior to the expiration or earlier termination of this Lease shall survive such expiration or earlier termination.

 T. CONFIDENTIALITY. 
 Tenant acknowledges that the content of this Lease and any related documents are confidential information. Except to the extent required to be disclosed under applicable law, governmental requirement or in conjunction with Tenant’s
compliance with requirements imposed on it as a publicly traded company on the NASDAQ national stock market, Tenant shall keep such confidential information strictly confidential and shall not disclose such confidential information to any person or
entity other than Tenant’s financial, legal and space planning consultants and any proposed subtenants or assignees. 
 U. NO
OPTION. 
 THE SUBMISSION OF THIS LEASE BY LANDLORD, ITS AGENT OR REPRESENTATIVE FOR EXAMINATION OR EXECUTION BY TENANT DOES NOT
CONSTITUTE AN OPTION OR OFFER TO LEASE THE PREMISES UPON THE TERMS AND CONDITIONS CONTAINED HEREIN OR A RESERVATION OF THE PREMISES IN FAVOR OF TENANT, IT BEING INTENDED HEREBY THAT THIS LEASE SHALL ONLY BECOME EFFECTIVE UPON THE EXECUTION HEREOF BY
LANDLORD AND DELIVERY OF A FULLY EXECUTED LEASE TO TENANT. 
 V. USE OF BUILDING NAME; IMPROVEMENTS. 
 Tenant shall not be allowed to use the name, picture or representation of the Building, or words to that effect, in connection with any business carried
on in the Premises or otherwise (except as Tenant’s address) without the prior written consent of Landlord. In the event that Landlord undertakes any additional improvements on the property on which the Building is located including, but not
limited to, new construction or renovation or additions to the existing improvements, Landlord shall not be liable to Tenant for any noise, dust, vibration or interference with access to the Premises or disruption in Tenant’s business caused
thereby. Notwithstanding the foregoing, Tenant may use the name, picture or representation of the Building on Tenant’s website and marketing and other collateral materials. 
 W. RIGHT OF LANDLORD TO PERFORM. 
 All covenants and agreements to be performed by Tenant under any of the terms of this Lease shall be performed by Tenant at Tenant’s sole cost and expense and without any abatement of Rent. If Tenant shall fail to pay any sum of money,
other than Rent, required to be paid by it hereunder or shall fail to perform any other act on its part to be performed hereunder, and such failure shall continue beyond any applicable cure or other period set forth in this Lease, Landlord may, but
shall not be obligated to, without waiving or releasing Tenant from any obligations of Tenant, make any such payment or perform any such other act on Tenant’s part to be made or performed as is in this Lease provided. All sums so paid by
Landlord and all reasonable documented incidental costs, together with interest thereon at the Default Rate from the date of such payment by Landlord, shall be payable to Landlord on demand and Tenant covenants to pay any such sums, and Landlord
shall have (in addition to any other right or remedy of Landlord) the same rights and remedies in the event of the nonpayment thereof by Tenant as in the case of default by Tenant in the payment of the Rent. 
  

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 X. ACCESS, CHANGES IN PROJECT, FACILITIES, NAME. 
 (i) Every part of the Building except the inside surfaces of all walls, windows and doors bounding the Premises (including exterior building walls, core
corridor walls and doors and any core corridor entrance), and any space in or adjacent to the Premises used for shafts, stacks, pipes, conduits, fan rooms, ducts, electric or other utilities, sinks or other building facilities, and the use thereof,
as well as access thereto through the Premises for the purposes of operation, maintenance, decoration and repair, are reserved to Landlord. 
 (ii) Tenant shall permit Landlord to install, use and maintain pipes, ducts and conduits within the walls, columns and ceilings of the Premises. 
 (iii) Landlord reserves the right, without incurring any liability to Tenant therefor, to make such changes in or to the Building and the fixtures and equipment thereof, as well as in or to the street entrances,
halls, passages, elevators, stairways and other improvements thereof, as it may deem necessary or desirable. 
 (iv) Tenant shall have
twenty-four (24) hours per day, seven (7) days per week access to the Premises and the Building’s common areas. 
 Y.
INTENTIONALLY DELETED. 
 Z. Anti-Terrorism Representation. 
 Tenant hereby represents and warrants to Landlord that Tenant is not: (1) in violation of any Anti-Terrorism Law; (2) conducting any business
or engaging in any transaction or dealing with any Prohibited Person, including the making or receiving or any contribution of funds, goods or services to or for the benefit of any Prohibited Person; (3) dealing in, or otherwise engaging in any
transaction relating to, any property or interest in property blocked pursuant to Executive Order No. 13224; (4) engaging in or conspiring to engage in any transaction that evades or avoids, or had the purpose of evading or avoiding, or
attempts to violate any of the prohibitions set forth in any Anti-Terrorism Law; or (5) a Prohibited Person, nor are any of its partners, members, managers, officers or directors a Prohibited Person. As used herein, “Antiterrorism
Law” is defined as any law relating to terrorism, anti-terrorism, money laundering or anti-money laundering activities, including Executive Order No. 13224 and Title 3 of the USA Patriot Act. As used herein “Executive Order
No. 13224” is defined as Executive Order No. 13224 on Terrorist Financing effective September 24, 2001, and relating to “Blocking Property and Prohibiting Transactions With Persons Who Commit, or Support Terrorism”
“Prohibited Person” is defined as (1) a person or entity that is listed in the Annex to Executive Order 13224; (ii) a person or entity with whom Tenant or Landlord is prohibited from dealing or otherwise engaging in any
transaction by any Anti Terrorism Law, or (iii) a person or entity that is named as a “specially designated national and blocked person” on the most current list published by the U.S. Treasury Department Office Of Foreign Assets
Control as its official website, http://www.treas.gov/ofac/t11sdn.pdf or at any replacement website or other official publication of such list. “USA Patriot Act” is defined as the Uniting and Strengthening America by Providing Appropriate
Tools Required to Intercept and Obstruct Terrorism Act of 2001” (Public Law 107-56). 
  

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 (1) Tenant certifies that: 
 (a) It is not acting, directly or indirectly, for or on behalf of any person, group, entity, or nation named by any Executive Order or the United States Treasury Department as a terrorist, “Specially Designated
National and Blocked Person,” or other banned or blocked person, entity, nation, or transaction pursuant to any law, order, rule, or regulation that is enforced or administered by the Office of Foreign Assets Control; and 
 (b) It is not engaged in this transaction, directly or indirectly on behalf of, or instigating or facilitating this transaction, directly or indirectly
on behalf of, any such person, group, entity, or nation. 
 (2) Tenant hereby agrees to defend, indemnify, and hold harmless Landlord from
and against any and all claims, damages, losses, risks, liabilities, and expenses (including attorney’s fees and costs) arising from or related to any breach of the foregoing certification. 
 ARTICLE 31.  
 ADDITIONAL PROVISIONS

 A. Storage Space. 
 Tenant has the option to lease from Landlord, for a term coterminous with this Lease,
approximately 513 rentable square feet of storage space in the Building known as Spaces H (91 square feet), I (130 square feet), and D (292 square feet) in three (3) separate locations as shown on Exhibit K to this Lease (the “Storage
Space”) for the purpose of general office storage use and for no other purpose. Tenant shall pay as Additional Rent for the Storage Space the amount of $1.00 per square foot per month, (with such amount increasing by three percent
(3%) each Lease Year). Such rent shall be payable on or before the first (1st) day of each month during the Term in the manner set forth
in this Lease. Tenant shall not permit the use or occupancy of the Storage Space by any person or entity other than Tenant, its agents or employees. Tenant hereby accepts the Storage Space in its “AS IS” broom clean condition and agrees
that Landlord shall have no obligation to make any improvements to the Storage Space. Either Tenant or Landlord shall have the right to terminate the lease of the Storage Space upon thirty (30) days prior written notice to Landlord in the case
of termination by Tenant and ninety (90) days prior written notice to Tenant in the case of termination by Landlord. Tenant shall have the option of terminating the lease of the Storage Space as to any of the three (3) locations without
terminating the lease of all such locations. The lease of the Storage Space shall be governed by all of the other terms and conditions of the Lease including, but not limited to, the indemnity and insurance provisions set forth in Paragraphs 9A. and
8 respectively, except as otherwise set forth in this Paragraph 31 A and except that the square footage of the Storage Space shall not be used in calculating Base Rent for the Premises, Additional Rent, or any Tenant Improvement Allowance hereunder
or any other calculation based upon the rentable square footage of the Premises. Tenant hereby agrees to provide Landlord with a certificate evidencing insurance coverage of the Storage Space prior to Tenant’s occupancy of the Storage Space.
Landlord will provide utilities for lighting to storage space. 
  

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 B. Right of First Refusal. 
 Landlord hereby grants Tenant throughout the Term, a continuous right of first refusal to lease
office space located on the 2nd and 5th floors
of the Building (the “Refusal Space”) on the following terms and conditions (the “Right of First Refusal”): 
 (i) When
Landlord has a bona fide prospective tenant (the “Prospect”) interested in leasing the Refusal Space, Landlord shall advise Tenant in writing (the “Advice”) of the terms under which Landlord is prepared to lease the Refusal Space
to Tenant, which shall be the same terms offered to the Prospect and shall not be adjusted for a term which terminates coterminous with the initial Premises. Tenant may lease the Refusal Space in its entirety, under the terms offered to Tenant under
the Advice, by providing Landlord with written notice of exercise (the “Notice of Exercise”) within five (5) business days after the date of the Advice. Tenant may not lease less than all of the space which is the subject of
Landlord’s Advice. 
 (ii) Notwithstanding anything in this provision to the
contrary, Tenant shall have no right to exercise any Right of First Refusal nor shall Landlord have any obligation to submit an Advise to Tenant with respect to any portion of the 2nd or 5th floor of the Building or lease any Refusal Space to Tenant at any time
(a) during which Tenant is in default under the Lease (after the lapse of all applicable grace or cure periods, if any), or (b) when the Lease is not in full force and effect, (c) Tenant has assigned the Lease or subleased fifty-one
percent (51%) or more of the Premises except to an Affiliate (as permitted in this Lease), or (d) when there remains less than the thirty-six (36) months in the Lease Term unless, as a part of its Notice of Exercise, Tenant
irrevocably exercises its renewal option for at least one additional sixty (60) month term. 
 (iii) The term for the Refusal Space
(“Refusal Space Term”) shall commence upon the commencement date stated in the Advice and shall expire upon the expiration date stated in the Advice, unless sooner terminated pursuant to the provisions of this Lease, and during the Refusal
Space Term, such Refusal Space shall be considered a part of the Premises, provided that all of the terms stated in the Advice (other than the termination date, which shall be as provided above in this subparagraph (iii)), shall govern Tenant’s
leasing of the Refusal Space and only to the extent that they do not conflict with the Advice, the terms and conditions of the Lease shall apply to the Refusal Space. Tenant shall pay Base Rent and Additional Rent for the Refusal Space in accordance
with the terms and conditions of the Advice. 
 (iv) The Refusal Space (including improvements and personalty, if any) shall be accepted by
Tenant in its condition and as-built configuration existing on the earlier of the date Tenant takes possession of the Refusal Space or the date the term for such Refusal Space commences, unless the Advice specifies work to be performed by Landlord
in the Refusal Space, in which case Landlord shall perform such work in the Refusal Space, unless, following Landlord’s receipt of Tenant’s Notice of Exercise, mutually agreed otherwise in writing. If Landlord is delayed delivering
possession of the Refusal Space due to the holdover or unlawful possession of such space by any party, Landlord shall use reasonable efforts to obtain possession of the space, and the commencement of the term for the Refusal Space shall be postponed
until the date Landlord delivers possession of the Refusal Space to Tenant free from occupancy by any party. If Landlord is unable to obtain possession of the Refusal Space by the date that is thirty (30) days from the date the term for such
Refusal Space was to commence, then Tenant shall be excused without penalty from any obligation to take such Refusal Space. Notwithstanding anything contained herein to the contrary, Tenant acknowledges and agrees that 

  

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Landlord shall have no liability to Tenant for failure to deliver any Refusal Space by the date established in Landlord’s Advise if such failure is due
to the holdover of the then existing tenant, casualty, condemnation, or any other cause whether similar or dissimilar to the foregoing, that is beyond the reasonable control of the Landlord. 
 (v) If Tenant fails to duly and timely provide a Notice of Exercise (such Notice of Exercise shall be due within five (5) business days of the date
of the Advice), or elects not to exercise the Right of First Refusal, the same shall lapse and Landlord shall be free to lease the Refusal Space to a third party and Landlord shall be free to lease all or any portion of such Refusal Space upon such
terms and conditions as Landlord shall determine provided the same shall not differ materially from the Advice, and provided that such lease is finalized within one hundred eighty (180) days after date Tenant’s Right of First Refusal
lapsed or Tenant waived the same. In the event the Refusal Space becomes available again, Landlord is obligated to notify Tenant in writing of another Prospect and Tenant shall have the same Right of First Refusal set forth in this Section 31B.
Any expansion or renewal rights not granted to a tenant in a written lease ultimately leasing such space shall be subordinate to Tenant’s Right of First Refusal. Notwithstanding anything to the contrary, if Landlord provides Tenant with
an Advice for any portion of the Refusal Space that contains expansion rights (whether such rights are described as an expansion option, right of first refusal, right of first offer or otherwise) with respect to any other portion of the Refusal
Space (such other portion of the Refusal Space subject to such expansion rights is referred to herein as the “Encumbered Refusal Space”) and Tenant does not exercise its Right of First Refusal to lease the Refusal Space described in the
Advice, Tenant’s Right of First Refusal with respect to the Encumbered Refusal Space shall be subject and subordinate to all such expansion rights contained in the Advice. 
 (vi) If Tenant exercises its Right of First Refusal, Landlord shall prepare an amendment (the “Refusal Space Amendment”) adding the Refusal
Space to the Premises on the terms set forth in the Advice and reflecting the changes in the Base Rent, the rentable square footage of the Premises, Tenant’s Pro Rata Share and other appropriate terms. A copy of the Refusal Space Amendment
shall be sent to Tenant within a reasonable time after Landlord’s receipt of the Notice of Exercise executed by Tenant, and Tenant shall proceed diligently to execute and return a mutually agreed to Refusal Space Amendment to Landlord within 30
days thereafter, but an otherwise valid exercise of the Right of First Refusal shall be fully effective whether or not the Refusal Space Amendment is executed. 
 (vii) Notwithstanding anything herein to the contrary, Tenant’s Right of First Refusal is subject and subordinate to (a) the renewal or extension rights of any existing tenant leasing all or any portion of
the Refusal Space, and (b) the expansion rights (whether such rights are designated as a right of first offer, right of first refusal, expansion option or otherwise) of any tenant of the Building existing on the date hereof. 
 C. Expansion Space. 
 (i) So long as Tenant is not in default hereunder, Tenant shall have the right (the
“Expansion Option”) to lease Suite 510 containing approximately 5,219 rentable square feet of space (the “Expansion Space”) on April 30, 2013. The Expansion Space shall mean the space designated on Exhibit L attached hereto
and by this reference made a part hereof. In the event other space located on the 2nd and 5th floors between 5,000 and 10,000 rentable square feet becomes available during the Term, Landlord reserves the right to offer such space to Tenant as expansion space in lieu of Suite
510. 
  

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 (ii) The Expansion Option shall be exercised by Tenant, if at all, by Tenant’s written notice to
Landlord, to be determined to Landlord no later than October 31, 2012. Should Tenant fail to duly and timely exercise this Expansion Option it shall become null and void and of no further force and effect. Landlord shall, within (15) days
of receipt of Tenant’s notice, (a) propose a space delivery date for the subject option space, (b) provide Tenant with plan of the proposed expansion space (the “Expansion Space”) and (c) notify Tenant of the proposed
market terms and conditions (including Base Rent and a Tenant Improvement Allowance, if any) applicable to the space. Tenant shall have fifteen (15) days after receipt of Landlord’s expansion option proposal to provide Landlord written
notice of its acceptance of the market terms and conditions (“Prevailing Market Rate”) proposed by Landlord. Failure by Tenant to provide Landlord with a written notice of acceptance within the fifteen (15) day period shall be deemed
an acceptance of said offer and Landlord shall prepare an appropriate amendment. The term of the lease with respect to the Expansion Space shall be co-terminus with the Term of the Lease for the Initial Premises and the Expansion Space shall be
added to this Lease from and after the date Landlord delivers the Expansion Space to Tenant, or such earlier date to which Landlord and Tenant may mutually agree, through the last day of the Term, as the same may be extended. The Expansion Space
shall be subject to all terms and provisions of this Lease, as amended, then in effect for the Premises. 
 (iii) If Tenant does not accept
Landlord’s determination of the applicable market terms and conditions, Landlord and Tenant shall negotiate in good faith for a period of up to thirty (30) days from the date of Landlord’s notice to Tenant of the proposed market terms
to reach an agreement on the market terms and conditions applicable to the Expansion Space. If Landlord and Tenant are unable to agree upon the market terms and conditions within said thirty (30) day period, then Tenant can elect to
(a) cease negotiations and the Lease shall continue under the same terms and conditions as in the Lease and the Expansion Option shall be null and void and of no further force or effect, or (b) cause the market terms and conditions to be
determined by the method set forth below. “Prevailing Market Rate” shall mean the annual gross rental rate per square foot (inclusive of operating expense pass-through) of net rentable area then being charged for a lease the duration of
the Renewal Term in comparable buildings located in Atlanta, Georgia for space comparable to the Premises (taking into consideration use, location, and/or floor level within the applicable building, the definition of rentable floor area, leasehold
improvements provided, remodeling credits or allowances granted, commissions quality, age and location of the applicable building, rental concessions (such as abatements or lease assumptions) offered to both new and renewing tenants, the provision
of free or paid unassigned parking, at the time the particular rate under consideration became effective, size of tenant, relative operating expenses, relative services provided, Tenant Improvement Allowances, moving allowances, rental abatement,
current base year for operating expenses, Tenant’s credit worthiness, and other relevant and applicable factors. Bona fide written offers to lease comparable space located elsewhere in the Building, from third parties (at arms length), may be
used as an indication of the Prevailing Market Rate. 
 (iv) The Prevailing Market Rate shall be determined between Landlord and Tenant by
mutual agreement; however, if Landlord and Tenant cannot agree, the Prevailing Market Rate shall be established in the manner specified for determining Prevailing Market Rate contained below. If Landlord and Tenant are unable to agree on the
Prevailing Market Rate for the Expansion Space within the above said thirty (30) day period, then within ten (10) days after the expiration of the thirty (30) day period, the 

  

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Prevailing Market Rate shall be determined by a board of three (3) licensed real estate brokers, one of whom shall be named by Landlord, one by Tenant,
and the two so appointed shall select a third broker. Each member of the board of brokers shall be licensed in the state of Georgia as a real estate broker, specializing in the field of commercial office leasing in the metropolitan Atlanta area of
Georgia, having no less than ten (10) years’ experience in such field, and recognized as ethical and reputable within the field. The two (2) brokers selected by Landlord and Tenant shall select the third broker within ten
(10) days after they both have been appointed, and each broker, within ten (10) days after the third broker is elected, shall submit his or her determination of the Prevailing Market Rate. The Prevailing Market Rate shall be the
determination of the broker that is not the highest or the lowest (or, if two brokers reach an identical determination, the determination of such two brokers). Landlord and Tenant shall each pay the fee of the broker selected by it, and they shall
equally share the payment of the fee of the third broker. The Three Broker Method shall be binding on Landlord and Tenant. 
 D. Renewal
Option. 
 Provided Tenant is not in default under the Lease (beyond any applicable notice or cure period) either at the time of the exercise of this
renewal option or at the time of the commencement of the Renewal Term (as hereinafter defined), Tenant shall have the right to renew the Lease of the Premises for two (2) Renewal Terms of sixty (60) months each (each, a “Renewal
Term”) upon the following terms and conditions: 
 (i) The option for the Renewal Term shall be exercised in writing not less than
twelve (12) months prior to the expiration date of the Term. 
 (ii) The Base Rent for the Renewal Term shall be the Prevailing Market
Rate (as of the date of exercise of said option). “Prevailing Market Rate” shall mean the annual gross rental rate per square foot (inclusive of operating expense pass-through) of net rentable area then being charged for a lease the
duration of the Renewal Term in comparable buildings located in Atlanta, Georgia for space comparable to the Premises (taking into consideration use, location, and/or floor level within the applicable building, the definition of rentable floor area,
leasehold improvements provided, remodeling credits or allowances granted, commissions quality, age and location of the applicable building, rental concessions (such as abatements or lease assumptions) offered to both new and renewing tenants, the
provision of free or paid unassigned parking, at the time the particular rate under consideration became effective, size of tenant, relative operating expenses, relative services provided, Tenant Improvement Allowances, moving allowances, rental
abatement, current base year for operating expenses, Tenant’s credit worthiness, and other relevant and applicable factors. Bona fide written offers to lease comparable space located elsewhere in the Building, from third parties (at arms
length), may be used as an indication of the Prevailing Market Rate. The Prevailing Market Rate shall be determined between Landlord and Tenant by mutual agreement; however, if Landlord and Tenant cannot agree, the Prevailing Market Rate shall be
established in the manner specified for determining Prevailing Market Rate contained in subparagraph (iv) below. 
 (iii) Within ten
(10) days after Landlord has received Tenant’s Renewal Notice, Landlord shall advise Tenant, in writing, of its determination of the Prevailing Market Rate. Within ten (10) days after Tenant’s receipt of Landlord’s
determination of the Prevailing Market Rate, Tenant shall advise Landlord, in writing, whether or not Tenant accepts or rejects the Prevailing Market Rate specified by Landlord. Failure to accept or reject the Prevailing Market Rate specified by
Landlord shall be deemed 

  

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acceptance by Tenant. If Tenant by notice timely given rejects the Prevailing Market Rate determined by Landlord (a “Rejection Notice”), Tenant
shall specify in such Rejection Notice either (x) Tenant’s election to withdraw the Renewal Notice, in which event the exercise of such Renewal Option shall be nullified and this Renewal Option shall be forever terminated, or
(y) Tenant’s election to submit the determination of Prevailing Market Rate to the procedure outlined below. Failure to make such election in such response shall be deemed an election of clause (x) of the immediately preceding
sentence. 
 (iv) If Tenant provides Landlord with a timely Rejection Notice that elects to proceed under clause (y) (as described in
the fourth sentence of subparagraph (iii) above), then Landlord and Tenant shall work together in good faith to agree upon the Prevailing Market Rate for the Premises during the Renewal Term so as to enter into an amendment to this Lease no
later than the date that is ten (10) days following the date of the Rejection Notice. If Landlord and Tenant are unable to agree on the Prevailing Market Rate for the Premises during the Renewal Term within said ten (10) day period, then
within five (5) days after the expiration of the ten (10) day period, the Prevailing Market Rate shall be determined by a board of three (3) licensed real estate brokers, one of whom shall be named by Landlord, one by Tenant, and the
two so appointed shall select a third broker. Each member of the board of brokers shall be licensed in the state of Georgia as a real estate broker, specializing in the field of commercial office leasing in the metropolitan Atlanta area of Georgia,
having no less than ten (10) years’ experience in such field, and recognized as ethical and reputable within the field. The two (2) brokers selected by Landlord and Tenant shall select the third broker within ten (10) days after
they both have been appointed, and each broker, within ten (10) days after the third broker is elected, shall submit his or her determination of the Prevailing Market Rate. The Prevailing Market Rate shall be the determination of the broker
that is not the highest or the lowest (or, if two brokers reach an identical determination, the determination of such two brokers). Landlord and Tenant shall each pay the fee of the broker selected by it, and they shall equally share the payment of
the fee of the third broker. The Three Broker Method shall be binding on Landlord and Tenant. 
 (v) In the event that Tenant fails to
exercise its renewal option as provided herein within the aforesaid time period, such option shall forever lapse. At such time as the Prevailing Market Rate is finally determined pursuant to this Section 31D., Landlord shall prepare, and
Landlord and Tenant shall enter into, an amendment to the Lease which evidences and memorializes such Prevailing Market Rate for purposes of the Renewal Term, and the new expiration date of the Lease. During the Renewal Term, the “Base
Rent,” for purposes of Article 3 of the Lease, shall be an amount equal to the Prevailing Market Rate as finally determined pursuant to this Section 31D. Except as expressly set forth to the contrary in the Lease, all other terms and
conditions of the Lease shall apply during the Renewal Term, except Tenant shall have no further rights of renewal hereunder. The foregoing renewal option shall be personal as to Tenant and shall forever lapse and shall be null and void in the event
Tenant assigns this Lease or sublets all or any portion of the Premises, except if the assignment or sublease is a Permitted Transfer. 
 (vi) Tenant (provided it is not in default and satisfies the opening paragraph of this Article 31D) shall also have the right to renew the Lease at the end of the initial ten-year Term for less than all of the Premises (the “Partial
Renewal”) on the following terms and conditions: (a) the Partial Renewal may be exercised for either the entire third floor or the entire fourth floor of the Building; (b) the Partial Renewal right shall be for one Renewal Term of
sixty (60) months; (c) subsections (i)-(v), above shall apply to 

  

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Tenant’s exercise of its Partial Renewal right; (d) on or before the Expiration Date stated in Article 1 I, above, Tenant shall vacate and
surrender all of the Premises (in the manner and condition provided for in the Lease) other than the floor of the Building that Tenant will occupy and lease during the Term of the Partial Renewal; (e) on or before the Expiration Date stated in
Article 1 I, above, Tenant shall remove the Building Signs and all appurtenances (in the manner as provided for in Article 12 D) and Tenant shall have no further rights under this Lease or otherwise to any such exterior Building Signs; and
(f) as of the date on which Tenant exercises its Partial Renewal right, Tenant shall have no further rights under Article 31(B). 
 E. Generator. 
 (i) Landlord shall permit Tenant, at Tenant’s sole cost and expense, to install and maintain up to two
(2) backup diesel-powered generators (such backup generator and all related equipment and installation referred to as the “Backup Generator”) within the areas shown on Exhibit M at specific locations approved by
Landlord. Excepting emergency electrical outages, the Backup Generator shall be used by Tenant only during testing and regular maintenance, so as not to disturb normal business operations and other tenants. Tenant shall be entitled to operate the
Backup Generator for testing and regular maintenance, so as not to disturb normal business operations and other tenants. Prior to the installation of the backup generator by Tenant: (a) Landlord shall reasonably approve the contractor
undertaking such installation; (b) Tenant shall obtain all permits and governmental approvals required for the installation and operation of the Backup Generator; (c) Tenant and the contractor approved by Landlord to undertake such
installation shall obtain such insurance coverages as Landlord may reasonably require and, if requested by Landlord, cause Landlord to be named as an additional insured under such insurance policies; and (d) Tenant shall submit to Landlord for
approval, plans for the installation of the Backup Generator, showing all aesthetic, structural, mechanical and electrical details of the backup generator, as well as all associated conduit and related equipment (to include any fuel storage units,
utility connections, and the like), and all changes to the Building necessary to accommodate same, all in accordance with the existing matters of record (to include rights of utilities) and all applicable Federal, state and local laws, statutes and
ordinances, including without limitation all environmental laws. 
 (ii) Throughout the Term, Tenant, at its sole cost and expense, shall
(a) ensure that the Backup Generator complies with the existing matters of record (to include rights of utilities) and all applicable laws, statutes and ordinances, including any environmental laws; (b) inspect the Backup Generator at
least once every six (6) months to insure that such equipment is functioning properly and that no hazardous materials are emanating therefrom; (c) maintain the Backup Generator in good order and repair; (d) maintain insurance
coverages with respect thereto as are required to be maintained on the Premises as a part of the Lease; (e) maintain all permits and governmental approvals necessary for the operation of the Backup Generator; and (f) ensure that the Backup
Generator does not interfere with the use of the Building by other tenants or with the rights of parties pursuant to matters of record (to include utilities). Tenant shall immediately report to Landlord if Tenant determines that the backup generator
is not functioning properly, are leaking or are in violation of any applicable laws, including any environmental laws. Tenant shall immediately repair all equipment malfunctions or violations of law arising out of the operation of the Backup
Generator. Such generator shall be deemed to be a part of the Premises for purposes of Article 8 (Insurance), Article 9 (Indemnification) and Article 27 (Environmental Cleanup) of the Lease. 
  

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 (iii) Tenant shall indemnify Landlord and hold it harmless from and against all claims, liability, damage
or costs, including reasonable attorneys’ fees, suffered or sustained by Landlord or which arise out of the installation, use, operation or removal of the Backup Generator. Prior to the expiration or sooner termination of the Term, if requested
by Landlord, Tenant at Tenant’s sole cost and expense, shall remove the Backup Generator and restore the Building to its condition immediately prior to the installation of the Backup Generator, normal wear and tear excepted. 
 F. Satellite Dish. 
 (i) Subject to
Tenant’s compliance with all applicable governmental laws, codes, ordinances or regulations, Landlord hereby consents to the installation by Tenant of one (1) antennae and up to two (2) satellite dishes (not to exceed 18 inches in
diameter each) (collectively the “Communication Equipment”). Tenant and Landlord will mutually agree on the location of the Communication Equipment on the Building. Prior to any such installation, the specifications and location of
such Communication Equipment will be reviewed within fifteen (15) days of the submission thereof to Landlord, and approved by Landlord, which approval will not be unreasonably withheld, delayed or conditioned. Tenant shall, at its sole cost and
expense (using Landlord’s roofing contractor or another roofing contractor mutually agreed to by Landlord and Tenant), install (in full compliance with all applicable governmental laws, regulations, or ordinances) any screening device
reasonably requested by Landlord at any time to ensure that said Communication Equipment cannot be seen by the public. Landlord will permit Tenant to install wiring between the roof and Premises in appropriate locations and through conduits in the
building and access to the roof to service and maintain equipment if such can be performed without (a) any adverse effect to Landlord’s roof (or roof system) warranty or (b) any adverse effect on the performance of the roof system.
The Tenant will be responsible to ensure that the installation, maintenance and removal and operation of the Communication Equipment (i) complies with all legal requirements, and (ii) will not interfere with or adversely affect the
operation of any other tenant, including any electrical or mechanical equipment thereof, located within the Building. Except as otherwise set forth in this paragraph, there will be no additional Lease costs associated with any rooftop rights. All
other provisions of the Lease will apply to the Communication Equipment, including the requirement that Landlord approve a plan showing the location of all cabling, wiring, or other installations in inside the Building. 
 (ii) Subject to the terms and conditions as described below, Tenant shall have the right to contract with a provider(s) of local and long distance
telephone services and other communication services that do not currently service the Building (the “Alternative Provider”). Provided there is available space, the Alternative Provider selected by Tenant shall have the right to place in
the Building riser system, and in the phone room(s) on any floor of the Building that Premises are located, equipment (the “Equipment”) and related hardware and cabling, connected to the Premises, to service and serve the Premises and
communications and transmissions of data to and from the Premises. 
 (iii) Tenant hereby covenants and agrees that Landlord shall not be
obligated to obtain or pay for any permits and license fees that may be required to be paid for the erection and maintenance of any and all such Equipment. The right of the Alternative Provider to install such Equipment is expressly conditioned upon
the Equipment not interfering with any equipment presently existing on or within the Building. 
  

 - 56 - 

 (iv) Prior to installation of the Equipment, the Alternative Provider shall furnish reasonably detailed
plans and specifications for such Equipment systems to Landlord for Landlord’s consent, which consent shall not be unreasonably withheld, conditioned or delayed, provided Landlord may condition its consent by requiring that such systems be
installed in the least conspicuous of all reasonably acceptable locations at which the systems might be located. In the installation of such systems, the Alternative Provider shall comply with all applicable laws, and keep the Premises, Building and
Property free and clear from liens arising from or related to the installation, and shall provide all insurance with respect to or in connection with the Equipment. Both the Alternative Provider and any provider(s) of local and long distance
telephone services and other communication services that currently services the Building (“Existing Provider”) shall be entitled to use such portions of the Building as may be reasonably necessary for the installation, operation and
maintenance of Equipment serving the Tenant and shall have reasonable access to such portions of the Building at all times throughout the term of this Lease for such purposes; provided however, that except for the roof, any cables, conduits or other
physical connections between the Equipment and the Premises shall be concealed underground or within permanent walls, floors, columns and ceilings of the Building and in the shafts of the Building provided for such installations, not damaging the
appearance of the Building; and provided further, that except for the roof and Premises, any installation or maintenance work performed by an Alternative Provider, an Existing Provider, or at their direction shall be performed without unreasonably
interfering with Landlord’s or any other tenant’s use of the Building, and upon completion of such installation and maintenance (initially and from time to time) the Alternative Provider or Existing Provider shall restore such portions of
the Building to a condition reasonably comparable to that existing prior to such installation or maintenance. The Alternative Provider shall be responsible for procuring whatever licenses or permits may be required for the use of such systems or
operation of any equipment served thereby, and Landlord shall cooperate with the Alternative Provider, at the Alternative Provider’s expense, in procuring such licenses or permits, to the extent required by applicable laws. Landlord makes no
warranties whatsoever as to the permissibility of such systems under applicable laws. The Equipment shall not constitute a nuisance, or unreasonably interfere with the operations of other tenant of the Building by occupants thereof. All the
Equipment (specifically including without limitation all cables) installed at the direction or request of Tenant shall be accurately labeled at the time of installation, and will at the election of Landlord upon the expiration or termination of the
Lease, either remain, without compensation, or shall be removed by Tenant or by Landlord at Tenant’s sole cost and expense (to be reimbursed to Landlord immediately upon demand), and the Building restored and repaired to a condition comparable
to that existing prior to such installation, normal wear and tear excepted. During its plan review and approval process, Landlord will indicate in writing if the Equipment may remain or if it must be removed by Tenant (or by Landlord at
Tenant’s expense), and the failure to so indicate shall mean that Landlord has elected to require such Equipment to be removed. 
 (v)
Landlord reserves the right to relocate said Equipment at any time, at no expense to Tenant, provided Landlord gives Tenant thirty (30) days prior written notice (except in the case of an emergency) and such relocation shall have not material
adverse impact on the operations of such Equipment as a service to the Premises and Tenant’s business operations. Tenant will responsibly cooperate with Landlord’s relocation efforts. Landlord shall be solely responsible for any and all
actual damages suffered by Tenant or its Customers as a result of the relocation of such Equipment. 
  

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 (vi) Landlord shall in no case be liable or in any way be responsible for damages or loss to Tenant
arising from the failure of, diminution of or interruption in services provided by the Equipment or Alternative Provider. 
 G. Existing
Lease Contingency. 
 If, for a reason other than Tenant Delay (as defined in the Work Letter), Landlord is unable to deliver possession
of the Premises to Tenant with Landlord’s Work Substantially Complete on or before November 1, 2008 (the “Final Delivery Date”), Landlord shall not be deemed to be in default hereunder or otherwise liable in damages to Tenant,
provided, however, Landlord will pay Tenant an amount equal to the “holdover” portion of Tenant’s base rent and operating expense exposure at its present location (which will be approximately $85,000.00 per month), and any other
actual, incurred damages or extra expense incurred by Tenant due to such delayed delivery. Notwithstanding the foregoing, nothing in this Section 31.G shall preclude Tenant or Landlord from exercising their termination rights under Article 5,
if so desired. 
 H. Abandonment. 
 Notwithstanding this provision or any other covenant or provision of this Lease, non-occupancy
and/or non-operating of the Premises by Tenant shall not constitute a default of the terms, covenants and provisions of this lease described herein so long as Tenant timely complies with its other obligations as set forth in the Lease. In the event
Tenant ceases operating for Use at the Premises during the final two (2) years of the Term, Landlord shall have the right upon thirty (30) days prior written notice to Tenant, to recapture the Premises from Tenant, which Landlord may give
without being obligated to reimburse Tenant any portion of Tenant’s improvement costs or Security Deposit. If Landlord terminates the Lease as aforesaid, the Lease shall terminate as of the thirtieth (30th) day (the “recapture date”) as though that was the date originally set forth in the Lease for the expiration of the Term. In the event Tenant ceases operations as
aforesaid, Tenant shall have no expansion, termination or renewal rights set forth in the Lease and Tenant shall continue to pay all rents and charges as required by this Lease and shall otherwise honor its obligations as set forth herein until the
earlier of the recapture date or expiration of the Term. 
 I. Additional Payment
for Letter of Credit Costs. Landlord agrees to pay Tenant an amount, not to exceed Thirty Thousand Dollars ($30,000), representing the actual verifiable difference in costs (with costs that would be incurred in the future reduced to present
value using a discount factor of 6.5%) between the following: (A) the actual and verifiable estimated costs incurred and to be incurred by Tenant to procure the Letter of Credit as described in Exhibit “J”; and, (B) the
actual and verifiable estimated costs that would have been incurred by Tenant had the Letter of Credit described in Exhibit “J” (i) been issued by Atlantic Capital Bank for the entire Term, and (ii) been issued such that
the Letter of Credit Amount declined (assuming Tenant had satisfied all conditions required to permit a declining) by Three-Hundred Seventy Five Thousand and 00/100th Dollars ($375,000.00) on the first day of the 25th, 49th
, 73rd, and 97th, full calendar months following the Commencement Date. Tenant shall promptly provide Landlord with documentation and calculations reflecting the costs described in (A) and (B). Within sixty (60) days of
occupancy, Tenant and Landlord shall mutually agree upon the amount, which shall not exceed Thirty Thousand Dollars ($30,000), to be paid per the above provision and said amount will be paid to Tenant within thirty (30) days of the parties
reaching such agreement. 
  

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 IN WITNESS WHEREOF, and intending to be legally bound hereby, the parties have duly executed this Lease
with the Exhibits attached hereto, as of the day and year first written above. 
  

									
	TENANT	 		 	
			
	WITNESS OR ATTEST:	 		 	TENANT:
			
		 		 	TRX, INC., a Georgia corporation
			
	/s/     Witness	 		 	/s/    Norwood H. Davis III
				
		 		 	By:	 	Norwood H. Davis III
		 		 		 	Its:	 	President & CEO
					
		 		 		 	Date:	 	25 June 2008

 (Signatures Continue on Following Page.) 
  

 - 59 - 

 (Signatures Continued from Previous Page.) 
 LANDLORD: 
  

									
		 		 	NNN Park Central, LLC, a Delaware limited liability company, et. al. (“Landlord”) acting by and through Triple Net Properties Realty, Inc. (“Agent” for Landlord)

				
	WITNESS OR ATTEST:	 		 	By:	 	Triple Net Properties Realty, Inc. Agent for Landlord
					
		 	/s/     Witness	 		 	By:	 	/s/    Jeff Hanson
					
		 		 		 	Its:	 	President & CEO
					
		 		 		 	Date:	 	6/23/08

  

 - 60 - 

 Certificate of Tenant 
 (If A Corporation or Partnership) 
 I, David D. Cathcart, Secretary or General Partner of TRX, Inc., Tenant,
hereby certify that the officers executing the foregoing Lease on behalf of Tenant is/are duly authorized to act on behalf of and bind the Tenant. 
  

					
	(Corporate Seal)	 		 	/s/    David D. Cathcart
		 		 	Secretary or General Partner

 Date: 25 June 2008 

 EXHIBIT A 
 (Page 1 of 2) 
 Plan Showing Property and Premises 
 

 
  

 EXHIBIT A 
 (Page 2 of 2) 
 Plan Showing Property and Premises 
 

 

 EXHIBIT B 
 Landlord’s Work Letter 
  

	1.	Landlord shall perform improvements to the Premises substantially in accordance with the plans to be prepared by RWB, Inc., and which, upon approval by the parties in accordance
with this Lease, will be attached as Exhibit B-1 (as approved by the parties, the “Plans”). The improvements to be performed by Landlord in accordance with the Plans are hereinafter referred to as the “Landlord
Work”. It is agreed that construction of the Landlord Work will be completed at Landlord’s sole cost and expense (subject to the Maximum Amount and further subject to the terms of Paragraph 4 below) using Building standard methods,
materials and finishes. Landlord agrees to provide to Tenant an allowance with respect to the Premises of $24.00 rentable square foot or $1,045,488.00 (the “Tenant Improvement Allowance”). The Tenant Improvement Allowance may be applied to
the cost of all (i) Tenant improvements, (ii) design and construction documents, (iii) architectural, engineering and mechanical drawings and costs, (iv) construction management fees, (vi) general contractor fees,
(vii) consultants, (viii) Premises security system, and (ix) signage (the “Construction Costs”). In addition to the Tenant Improvement Allowance, Landlord agrees to provide Tenant an allowance of $0.12/rsf (i.e., $5,227.44)
for preliminary space planning services to be prepared by a licensed architect. Landlord and Tenant agree that Landlord’s obligation to pay for the cost of Landlord Work (inclusive of the cost of preparing Plans, obtaining permits, and other
related costs) shall be limited to One Million Fifty Seven-Hundred Fifteen Thousand and 44/100 U.S. Dollars ($1,050,715.44) (the “Maximum Amount”) and that Tenant shall be responsible for the cost of Landlord Work, plus any
applicable state sales or use tax, if any, to the extent that it exceeds the Maximum Amount. In the event the full amount of the Tenant Improvement Allowance is unused, the remaining amount may be applied against Tenant’s actual moving costs,
furniture, networking/cabling or any other costs actually incurred in connection with Tenant’s move (not to exceed $8.00 per rentable square foot, i.e., $348,496.00). Following approval of the Plans, Landlord shall seek multiple bids as
provided for in Paragraph 8 below and Landlord shall enter into a direct contract for the Landlord Work with the general contractor selected through the bidding process, as provided for in Section 8. In addition, Landlord shall have the right
to select and/or approve of any subcontractors as part of the bidding process. Landlord’s supervision or performance of any work for or on behalf of Tenant shall not be deemed a representation by Landlord that such Plans or the revisions
thereto comply with applicable insurance requirements, building codes, ordinances, laws or regulations existing as of the date of this Lease, or that the improvements constructed in accordance with the Plans and any revisions thereto will be
adequate for Tenant’s use, it being agreed that Tenant shall be responsible for all elements of the design of Tenant’s plans (including, without limitation, compliance with law, functionality of design, the structural integrity of the
design, the configuration of the premises and the placement of Tenant’s furniture, appliances and equipment). 

 The aforesaid Tenant Improvement Allowance will
not be used for any code required building upgrades, which Landlord shall be solely responsible for, including, without limitation, compliance with all applicable laws or regulations. Prior to Landlord’s delivery of the Premises to Tenant with
the Landlord’s work substantially complete, Landlord, at its sole cost and expense (not to exceed $25,000 per floor), shall upgrade with mutually acceptable finishes, the 3rd and 4th floor restrooms (the “Bathroom Upgrade Work”), which work shall include upgrading floor tiles,
sinks, countertops, wall coverings and bathroom partitions subject to the per floor monetary limitation provided for in this paragraph. Within thirty (30) days of the Effective Date, Landlord and Tenant will reasonably cooperate with each other
in a timely fashion to determine a scope of work and selecting finishes for the Bathroom Upgrade Work. In no event shall Landlord be required to spend more than $25,000.00 per floor. In the event that the parties are unable to mutually agree to
acceptable finishes within the $25,000 cap on a timely basis, (a) Tenant shall have the right, but not the obligation, to pay for the excess costs over the $25,000 cap (“Tenant’s Bathroom Excess”), and (b) if Tenant does not
elect to pay such excess costs, Landlord may proceed with the Bathroom Upgrade Work as it may reasonably determine to be appropriate. Landlord will also confirm the proper operation of all elevators serving the 3rd and 4th floors. The costs mentioned in this paragraph shall not be charged to
Tenant’s Improvement Allowance; provided, however, Tenant may elect, in writing, to charge the amount of Tenant’s Bathroom Excess against Tenant’s Improvement Allowance. If Tenant does not elect to charge the amount of Tenant’s
Bathroom Excess against Tenant’s Improvement Allowance, Tenant shall pay the amount of Tenant’s Bathroom Excess prior to the commencement of the Bathroom Upgrade Work and within three (3) business days of Landlord presenting an
invoice for such amount. 
  

	2.	If Landlord’s estimate (based on bids) and/or the actual cost of the Landlord Work shall exceed the Maximum Amount, Landlord, prior to commencing any construction of Landlord
Work, shall submit to Tenant a written estimate setting forth the anticipated cost of the Landlord Work (the “Cost of the Work”), including but not limited to labor and materials, contractor’s fees and permit fees. Within three
(3) Business Days of Tenant’s receipt of same, Tenant shall either notify Landlord in writing of its approval of the Cost of the Work, or specify its objections thereto and any desired changes to the proposed Landlord Work. If Tenant
notifies Landlord of such objections and desired changes, Tenant shall work with Landlord to reach a mutually acceptable alternative Cost of the Work. 

  

	3.	 If the Cost of the Work and/or the actual cost of construction shall exceed the Maximum Amount (such amounts exceeding the Maximum Amount being herein referred to
as the “Excess Costs”), Tenant shall pay to Landlord such Excess Costs, plus any applicable state sales or use tax thereon, within three (3) business days of receiving notice from the Landlord under Paragraph 2 above. The
statements of costs submitted to Landlord by Landlord’s contractors shall be conclusive for purposes of determining the actual cost of the items described therein. The amounts payable by Tenant hereunder constitute Rent payable pursuant to the
Lease, and the failure to timely pay same constitutes an event of default under the Lease. No work shall be commenced until Tenant has paid the Excess Costs. In the event, and each time, that any change order by Tenant or Tenant Delay, causes the
Cost of the Work to be increased after the time that Landlord delivers to Tenant the aforesaid initial statement of the Cost of the Work, Landlord shall deliver to Tenant a revised statement of the total Cost of the Work, indicating the revised
calculation of the Excess Costs, if any. Within five (5) business days after submission to Landlord of any such revised statement, Tenant 

	 	 
shall pay to Landlord an amount equal to the Excess Costs, as shown in such revised statement, less the amounts previously paid by Tenant to Landlord on
account of the Excess Costs and Landlord shall not be required to proceed further with the Work until Tenant has paid such amount (any such delay constituting Tenant delay). In the event Tenant pays Landlord any Excess Costs that are not used to pay
for any portion of the Work (whether due to counterbalancing cost savings or otherwise), such unused portion of the Excess Costs shall be refunded to Tenant within ten (10) days. 

  

	4.	Tenant shall cause its architects and/or engineers to prepare and Tenant shall submit to Landlord complete preliminary architectural plans, construction drawings and mechanical,
electrical and plumbing drawings for the Premises on or before July 16, 2008. Landlord shall have five (5) business days to review such drawings. If Tenant shall request any revisions to the Plans, Landlord shall have such revisions
prepared at Tenant’s sole cost and expense and Tenant shall reimburse Landlord for the cost of preparing any such revisions to the Plans, plus any applicable state sales or use tax thereon, upon demand. Promptly upon completion of the
revisions, Landlord shall notify Tenant in writing of the increased cost in the Landlord Work, if any, resulting from such revisions to the Plans. Tenant, within two (2) Business Days, shall notify Landlord in writing whether it desires to
proceed with such revisions. In the absence of such written authorization, Landlord shall have the option to continue work on the Premises disregarding the requested revision. Notwithstanding anything herein to the contrary, all revisions to the
Plans shall be subject to the approval of Landlord. Landlord will review (and approve or provide comments to) Tenant’s proposed space plans within three (3) business days of Tenant’s submittal. 

  

	5.	“Substantial Completion” shall be deemed to have occurred on the date that all Landlord Work has been performed, other than any details of construction, mechanical
adjustment or any other similar matter, the non-completion of which does not materially interfere with Tenant’s use of the Premises. If Substantial Completion of the Premises by Landlord is delayed due to Tenant Delay (as defined below), then
(x) Substantial Completion shall be deemed to have occurred on the date when the Premises would have been substantially complete but for such Tenant Delay(s), and neither Landlord nor any party claiming by, through, or under Landlord shall have
any liability to Tenant, and in such event Tenant shall have no recourse against Landlord (or any other right) or any right to terminate this Lease, for failure to deliver the Premises to Tenant ready for occupancy by any date that may be specified
in the Lease and (y) Landlord may deliver to Tenant a notice setting forth the Rent Commencement Date for the Lease, which date shall be determined based on the date substantial completion of the Premises would have occurred but for such Tenant
Delay(s), and Tenant shall be unconditionally responsible for the payment of Rent beginning on such date. 

  

	6.	 “Tenant Delay” shall mean a delay in the performance by Landlord of Landlord’s Work as a result of Tenant’s failure to timely act including:
(a) Tenant’s failure to timely submit drawings under Paragraph 4 of the work letter; or (b) Tenant’s failure to timely approve, consent, comment upon or otherwise respond to a request for plan approval; or (c) Tenant’s
request for a change to the Plans or the work that results in a delay in Landlord’s ability to timely perform its obligations under this Lease; or (d) Tenant’s failure to timely pay any amount due; or (e) Tenant’s request
for materials, finishes or installations other than those shown in the Plans or as permitted by this Work Letter; or (f) the interference by Tenant 

	 	 
(its agents, employees, or contractors) or a Tenant Contractor in the performance by Landlord or Landlord’s contractors of Landlord’s Work. Tenant
shall be responsible to pay any actual additional cost to Landlord resulting from any of the Tenant Delays, including any actual costs and expenses attributable to increases in labor or materials, and shall be payable to Landlord promptly following
submittal of an invoice and documentation reasonably satisfactory to Tenant evidencing such additional costs. 

 “Landlord Delay” shall mean a delay in the performance by Landlord of Landlord’s Work as a result of Landlord’s failure to timely act including, without limitation, Landlord’s failure to timely approve, consent,
comment upon or otherwise respond to a request for plan approval or any other failure of Landlord to comply with its obligations under this Work Letter. If substantial completion of the Premises by Landlord is delayed due to the occurrence of any
Landlord Delay or due to any act or omission of Landlord or Landlord’s agents or contractors (but not that of a Tenant Contractor or its agents or subcontractor), then (x) substantial completion shall be deemed to have occurred on the date
when the Premises would have been substantially complete but for such Landlord Delay(s), and neither Tenant nor any party claiming by, through, or under Tenant shall have any liability to Landlord, and in such event Landlord shall have no recourse
against Tenant (or any other right) or any right to require the payment of Rent from Tenant, and Landlord shall grant Tenant a day to day rent abatement for each day from the date substantial completion of the Premises would have occurred but for
such Landlord Delay(s). 
  

	7.	Landlord’s Work shall be deemed complete when the appropriate governmental authority delivers to either Landlord or Tenant a certificate of occupancy, temporary certificate of
occupancy, or other appropriate documentation allowing occupancy of the Premises. 

  

	8.	Landlord shall be entitled to a construction management fee from Tenant in connection with Landlord’s Work in an amount equal to 2.0% of the cost of the Construction Costs (the
“Construction Management Fee”) and shall be a part of the Cost of Work to be paid from the Improvement Allowance. The Construction Management Fee shall be calculated only on hard construction costs and shall not include architectural and
engineering costs, consultants, moving, furniture, cabling, legal and communications expenses. All construction for the Premises shall be awarded following a competitive bid format, with Grubb & Ellis serving as construction manager
(“Construction Manager”). The Construction Manager shall: (1) prepare a bid package approved by Landlord and Tenant; (2) solicit bids from the following qualified general contractors: Nova, Choate, and Griffin Construction Co.;
as well as from the following (to be referred to as a “Tenant Contractor”): DPR Construction, and Complete Commercial Builders, Inc.; (3) prepare a bid analysis for review by Landlord and Tenant; and (4) award the bid to the
lowest qualified general contractor (as subject to Landlord and Tenant’s reasonable approval), unless Tenant instructs Landlord to use a specific bid. Notwithstanding anything to the contrary in this Lease or any Exhibit to this Lease, if
Tenant selects a Tenant Contractor to perform Landlord’s Work and Landlord’s Work is not completed by the Final Delivery Date for a reason other than Landlord Delay, Landlord shall not be responsible to pay Tenant any amount provided for
under Section 31 G of this Lease. 

	9.	If the actual cost of Landlord Work does not exceed the Maximum Amount, then Landlord shall, upon Tenant’s request, reimburse Tenant for costs actually expended on moving
costs, wiring and cabling, and furniture, fixtures, and equipment purchases, up to thirty percent (30%) or ($8.00 psf) of the Maximum Amount. Landlord shall not be required to so reimburse Tenant unless and until Tenant produces paid receipts
showing that it actually paid for said expenditures. Tenant shall have up to one year from the Lease Commencement Date to submit to Landlord its request for such reimbursement. If Tenant does not submit to Landlord its request for
reimbursement within said period, then Landlord shall not be obligated to reimburse such amounts to Tenant and Tenant shall forever waive its right to collect such amounts from Landlord. Tenant shall have up to one year from
lease execution to utilize funds. 

  

	10.	Landlord and Tenant shall use commercially reasonable efforts to avoid interfering with each other’s contractors, construction and installation undertakings.

  

	11.	For purposes of this Work Letter, Tenant hereby designates Chandler Smith, to act as its authorized representative on all matters relating to the work contemplated in this Work
Letter, and any response from Chandler Smith, as to matters contemplated under this Work Letter shall be the response of Tenant hereunder. 

  

	12.	This Exhibit shall not be deemed applicable to any additional space added to the Premises at any time or from time to time, whether by any options under the Lease or otherwise, or
to any portion of the original Premises or any additions to the Premises in the event of a renewal or extension of the Term, whether by any options under the Lease or otherwise, unless expressly so provided in the Lease or any amendment or
supplement to the Lease. Landlord shall not charge contractors for parking, electricity, hoists, or elevator use. 

 EXHIBIT B-1 
 Plans 
 [To Be Attached] 

 EXHIBIT C 
 Tenant’s Work 
 NONE 

 EXHIBIT D 
 BUILDING RULES AND REGULATIONS 
 The following rules and regulations shall apply, where applicable,
to the Premises, the Building, the parking facilities (if any), the Property and the appurtenances. In the event of a conflict between the following rules and regulations and the remainder of the terms of the Lease, the remainder of the terms of the
Lease shall control. Capitalized terms have the same meaning as defined in the Lease. 
 1. Sidewalks, doorways, vestibules, halls, stairways, and other
similar areas shall not be obstructed by Tenant or used by Tenant for any purpose other than ingress and egress to and from the Premises. No rubbish, litter, trash, or material shall be placed, emptied, or thrown in those areas. At no time shall
Tenant permit Tenant’s employees to loiter in Common Areas or elsewhere about the Building. 
 2. Plumbing fixtures and appliances shall be used only
for the purposes for which designed and no sweepings, rubbish, rags or other unsuitable material shall be thrown or placed in the fixtures or appliances. Damage resulting to fixtures or appliances by Tenant, its agents, employees or invitees shall
be paid for by Tenant and Landlord shall not be responsible for the damage. 
 3. No signs, advertisements or notices shall be painted or affixed to windows,
doors or other parts of the Building, except those of such color, size, style and in such places as are first approved in writing by Landlord. All initial tenant identification and suite numbers at the entrance to the Premises, using the standard
graphics for the Building, shall be installed and paid for by Landlord. Except in connection with the hanging of lightweight pictures and wall decorations, no nails, hooks or screws shall be inserted into any part of the Premises or Building except
by the Building maintenance personnel without Landlord’s prior approval, which approval shall not be unreasonably withheld. 
 4. Landlord may provide
and maintain in the first floor (main lobby) of the Building an alphabetical directory board or other directory device listing tenants and no other directory shall be permitted unless previously consented to by landlord in writing. 
 5. Tenant shall not place any lock(s) on any door in the Premises or Building without Landlord’s prior written consent (excluding free standing vaults, and safes,
which consent shall not be unreasonably withheld, and Landlord shall have the right at all times to retain and use keys or other access codes or devices to all locks within and into the Premises. A reasonable number of keys to the locks on the entry
doors in the Premises shall be furnished by Landlord to Tenant at Landlord’s cost and Tenant shall not make any duplicate keys. All keys shall be returned to Landlord at the expiration or early termination of the Lease. Tenant may place a
cipher lock on the door(s) to a secure room provided the following conditions are satisfied: (a) the location of the secure room and door(s) are clearly and prominently displayed on a plan or drawing submitted to Landlord, (b) such secure
room(s) will be accessible to Landlord at all times through Tenant having available by cell phone multiple employees able and authorized to provide the needed code(s) to Landlord in an emergency situation. Landlord shall not be required to provide
services (other than utilities to such secure room(s). 
 6. All contractors, contractor’s representatives and installation technicians performing work
in the Building shall be subject to Landlord’s prior approval, which approval shall not be unreasonably withheld, and shall be required to comply with Landlord’s standard rules, regulation, policies and procedures, which may be revised
from time to time. 

 7. Movement in or out of the Building of furniture or office equipment, or dispatch or receipt by Tenant of merchandise
or materials requiring the use of elevators, stairways, lobby areas or loading dock areas, shall be restricted to hours reasonably designated by Landlord. Tenant shall obtain Landlord’s prior approval by providing a detailed listing of the
activity, which approval shall not be unreasonably withheld. If approved by Landlord, the activity shall be under the supervision of Landlord and performed in the manner reasonably required by Landlord. Tenant shall assume all risk for damage to
articles moved and injury to any persons resulting from the activity. If equipment, property, or personnel of Landlord or of any other party is damaged or injured as a result of or in connection with the activity, Tenant shall be solely liable for
any resulting damage, loss or injury. 
 8. Landlord shall have the right to approve the weight, size, or location of heavy equipment or articles in and
about the Premises, which approval shall not be unreasonably withheld. Damage to the Building by the installation, maintenance, operating, existence or removal of Tenant’s Property shall be repaired at Tenant’s sole expense. 
 9. Corridor doors, when not in use, shall be kept closed. 
 10. Tenant shall
not: (1) make or permit any improper, objectionable or unpleasant noises or odors in the Building, or otherwise interfere in any way with other tenants or persons having business with them; (2) solicit business or distribute or cause to be
distributed, in any portion of the Building, handbills, promotional materials or other advertising; or (3) conduct or permit other activities in the Building that might, in Landlord’s sole opinion, constitute a nuisance. 
 11. No animals, except those assisting handicapped persons, shall be brought into the Building or kept in or about the Premises. However, Tenant, at Tenant’s sole
cost and expense and risk, shall have the right to install a free standing fish tank within the Premises. 
 12. No inflammable, explosive or dangerous
fluids or substances shall be used or kept by Tenant in the Premises, Building or about the Property, except for those substances as are typically found in similar premises used for general office purposes and are being used by Tenant in a safe
manner and in accordance with all applicable Laws. Tenant shall not, without Landlord’s prior written consent, use, store, install, spill, remove, release or dispose of, within or about the Premises or any other portion of the Property, any
asbestos-containing materials or any solid, liquid or gaseous material now or subsequently considered toxic or hazardous under the provisions of 42 U.S. C. Section 9601 et. seq. or any other applicable environmental Law which may not or later
be in effect. Tenant shall comply with all Laws pertaining to and governing the use of these materials by Tenant and shall remain solely liable for the costs of abatement and removal. 
 13. Tenant shall not use or occupy the Premises in any manner or for any purpose which might injure the reputation or impair the present or future value of the Premises or the Building. Tenant shall not use, or permit
any part of the Premises to be used for lodging, sleeping or for any illegal purpose. 
 14. Tenant shall not take any action which would violate
Landlord’s labor contracts or which would cause a work stoppage, picketing, labor disruption or dispute or interfere with Landlord’s or any other tenant’s or occupant’s business or with the rights and privileges of any person
lawfully in the Building (“Labor Disruption”). Tenant shall take the actions necessary to resolve the Labor Disruption, and shall have pickets removed and, at the request of Landlord, immediately terminate any work in the Premises that
gave rise to the Labor Disruption, until Landlord gives its written consent for the work to resume. Tenant shall have no claim for damages against Landlord, nor shall the Commencement Date of the Term be extended as a result of the above actions.

 15. Tenant shall not install, operate or maintain in the Premises or in any other area of the Building, electrical
equipment that would overload the electrical system beyond its capacity for proper, efficient and safe operation as determined solely by Landlord. Tenant shall not furnish cooling or heating to the Premises, including, without limitation, the use of
electric or gas heating devises, without Landlord’s prior written consent. 
 16. Tenant shall not operate or permit to be operated a coin or token
operating vending machine or similar device (including, without limitation, telephones, lockers, toilets, scales, amusement devices and machines for sale of beverages, foods, candy, cigarettes and other goods), except for machines for the exclusive
use of Tenant’s employees and invitees. 
 17. Bicycles and other vehicles are not permitted inside the Building or on the walkways outside the
Building, except in areas designated by Landlord, as shown in Exhibit M. 
 18. Landlord may from time to time adopt systems and procedures for the security
and safety of the Building, its occupants, entry, use and contents. Tenant, its agents, employees, contractors, guests and invitees shall comply with Landlord’s systems and procedures. 
 19. Landlord shall have the right to prohibit the use of the name of the Building or any other publicity by Tenant that in Landlord’s reasonable opinion may impair
the reputation of the Building or its desirability. Upon written notice from Landlord, Tenant shall refrain from and discontinue such publicity immediately. 
 20. Neither Tenant nor its agents, employees, contractors, guests or invitees shall smoke or permit smoking in the Common Areas, unless a portion of the Common Areas have been declared a designated smoking area by Landlord, nor shall the
above parties allow smoke from the Premises to emanate into the Common Areas or any other part of the Building. Landlord shall have the right to designate the Building (including the Premises) as a non-smoking building. 
 21. Landlord shall have the right to designate and approve standard window coverings for the Premises and to establish rules to assure that the Building presents a
uniform exterior appearance. Tenant shall ensure, to the extent reasonably practicable, that window coverings are closed on windows in the Premises while they are exposed to the direct rays of the sun. 
 22. Deliveries to and from the Premises shall be made only at the times in the areas and through the entrances and exits reasonably designated by Landlord. Tenant shall
not make deliveries to or from the Premises in a manner that might interfere with the use by any other tenant of its premises or of the Common Areas, any pedestrian use, or any use which is inconsistent with good business practice. 
 23. The work of cleaning personnel shall not be hindered by Tenant after 5:30 P.M., and cleaning work may be done at any time when the offices are vacant. Windows, doors
and fixtures of the Common Areas may be cleaned at any time. Tenant shall provide adequate waste and rubbish receptacles to prevent unreasonably hardship to the cleaning service. 

 EXHIBIT E 
 Commencement Date Confirmation 
 DECLARATION BY LANDLORD AND TENANT AS TO DATE OF 

DELIVERY AND ACCEPTANCE OF POSSESSION OF PREMISES 
 Attached to and made a part of the Lease dated the _____ day of __________________ as LANDLORD, and _______________________ __________________________________________ as TENANT. 
 LANDLORD AND TENANT do hereby declare that possession of the Premises was accepted by TENANT on the ____ day of _________________, 200_. The Premises required to be
constructed and finished by LANDLORD in accordance with the provisions of the Lease have been satisfactorily completed by LANDLORD and accepted by TENANT, the Lease is now in full force and effect, and as of the date hereof, LANDLORD has fulfilled
all of its obligations under the Lease. The Lease Commencement Date is hereby established as ______________________________, 200_. The Term of this Lease shall terminate on ____________________, 200_. The Tenant’s right to terminate the Lease
pursuant to Exhibit G will end on _________________. 
  

									
	TENANT	 		 	
			
	WITNESS OR ATTEST:	 		 	TENANT:
				
		 		 	A	 	 
				
	 	 		 		 	
				
		 		 	By:	 	 
		 		 		 	Its:	 	 

 NNN 200 Galleria, LLC, a Delaware limited liability company (“Landlord”) acting by and through Triple
Net Properties Realty, Inc. (“Agent” for Landlord) 
  

									
	LANDLORD	 		 	
				
	WITNESS OR ATTEST:	 		 	By:	 	Triple Net Properties Realty, Inc. Agent for Landlord
				
	 	 		 	By:	 	 
					
		 		 		 	Its:	 	 

 EXHIBIT F 
 Form of Subordination, Non-Disturbance and Attornment Agreement 
 If any foreclosure or power of sale proceedings are
initiated by any Lender or a deed in lieu is granted (or if any ground lease is terminated), Tenant agrees, upon written request of any such Lender or any purchaser at such foreclosure sale, to attorn and pay Rent to such party and to execute and
deliver any instruments necessary or appropriate to evidence or effectuate such attornment, within five (5) business days of Landlord’s request therefor. In the event of attornment, no Lender shall be: (i) liable for any act or
omission of Landlord, or subject to any offsets or defenses which Tenant might have against Landlord (prior to such Lender becoming Landlord under such attornment), (ii) liable for any security deposit or bound by any prepaid Rent not actually
received by such Lender, or (iii) bound by any future modification of this Lease not consented to by such Lender. Any Lender may elect to make this Lease prior to the lien of its Mortgage, and if the Lender under any prior Mortgage shall
require, this Lease shall be prior to any subordinate Mortgage; such elections shall be effective upon written notice to Tenant. Tenant agrees to give any Lender by certified mail, return receipt requested, a copy of any notice of default served by
Tenant upon Landlord, provided that prior to such notice Tenant has been notified in writing (by way of service on Tenant of a copy of an assignment of leases, or otherwise) of the name and address of such Lender. Tenant further agrees that if
Landlord shall have failed to cure such default within the time permitted Landlord for cure under this Lease, any such Lender whose address has been so provided to Tenant shall have an additional period of thirty (30) days in which to cure (or
such additional time as may be required due to causes beyond such Lender’s control, including time to obtain possession of the Building by power of sale or judicial action or deed in lieu of foreclosure). 

 EXHIBIT G 
 RIGHT TO TERMINATION 
 Tenant shall have the one time right to
terminate the Lease effective as of the end of the eighty sixth (86th) month of the Term, provided that (i) Tenant gives Landlord at least
twelve (12) months prior written notice of its intent to terminate the Lease (i.e., delivered to Landlord no later than the end of the 74th
month of the Term), (ii) there is no outstanding Event of Default at the time that Tenant notifies Landlord of its intent to terminate the Lease or as of the date of termination, and (iii) simultaneously with the date of said written
notice, Tenant pays to Landlord a Termination Fee in the amount equal to $                    , which is the sum of: (i) any unamortized
Landlord Work; plus (ii) unamortized moving allowance plus (iii) all brokerage commissions on the portion of the Term that is unexpired as of the date of termination; plus (iv) Conditionally Excused Rent, amortized at seven percent
(7%) over the one-hundred thirty two (132) month original Term beginning on the Commencement Date; plus (v) Base Rent and Additional Rent for one (1) month . If Tenant fails to exercise its termination rights strictly in
accordance with the foregoing provision, the Lease shall remain in full force and effect and Tenant shall have no further right to terminate the Lease. 
 Within one hundred twenty (120) days of occupancy, Tenant and Landlord shall mutually agree upon the termination amount to be paid per the above provision. 

 EXHIBIT H 
 [INTENTIONALLY DELETED] 

 EXHIBIT I 
 TENANT’S PARKING AREA 
 

 
  

 EXHIBIT J 
 LETTER OF CREDIT PROVISIONS 
 In satisfaction of the Security Deposit provisions of this Lease,
Tenant may deliver to Landlord, as collateral for the full and faithful performance by Tenant of all of its obligations under this Lease and for all losses and damages Landlord may suffer as a result of any default by Tenant under this Lease that is
not cured by Tenant within the applicable grace or cure period, if any, an irrevocable and unconditional negotiable standby letter of credit (the “Letter of Credit”), in the form and containing the terms required herein, payable upon
presentment in Atlanta, Georgia or such other U.S. city acceptable to Landlord is its sole discretion, running in favor of Landlord (or its designee)issued by an “A” rated financial institution reasonably acceptable to Landlord, in the
total amount of One Million Five-Hundred Thousand and 00/100 Dollars ($1,500,000.00) (the “Letter of Credit Amount”). Upon execution of the Lease, Tenant may present a Letter of Credit from Atlantic Capital Bank (in the form attached as
Exhibit J-5), provided, however that no later than thirty (30) days following the Effective Date, Tenant shall present a Letter of Credit from a financial institution satisfying the criteria set forth above. The Letter of Credit shall be
(a) at sight and irrevocable, (b) maintained in effect, whether through replacement, renewal or extension, for the entire Term plus ninety (90) days (the “Letter of Credit Expiration Date”) and Tenant shall deliver a new
Letter of Credit or certificate of renewal or extension to Landlord at least thirty (30) days prior to the expiration of the Letter of Credit, without any action whatsoever on the part of Landlord, (c) subject to the Uniform Customs and
Practices for Documentary Credits (2007) International Chamber of Commerce Publication #600, and (d) permit partial draws. In addition to the foregoing, the form and terms of the Letter of Credit (and the bank issuing the same) shall be
acceptable to Landlord, in Landlord’s reasonable discretion, and shall provide, among other things, in effect that: (1) Landlord, or its then managing agent, shall have the right to draw down an amount up to the face amount of the Letter
of Credit upon the presentation to the issuing bank of Landlord’s (or Landlord’s then managing agent’s) written certification that such amount is due to Landlord under the terms and conditions of this Lease, it being understood that
if Landlord or its managing agent be a corporation, partnership or other entity, then such certification shall be signed by an officer (if a corporation), a general partner (if a partnership), or any authorized party (if another entity); and
(2) the Letter of Credit will be honored by the issuing bank without inquiry as to the accuracy thereof and regardless of whether the Tenant disputes the content of such statement. Landlord acknowledges and agrees that it will not draw upon the
letter of credit unless Tenant is in default under this Lease after the lapse of all applicable grace or cure periods, if any. In the event of a transfer of Landlord’s interest in the Building or the Premises, Landlord may (at Landlord’s
sole cost and expense) transfer the Letter of Credit, in whole or in part (or Tenant shall cause a substitute letter of credit to be delivered, as to applicable) to the transferee and thereupon the Landlord shall, without any further agreement
between the parties, be released by Tenant from all liability therefor, and it is agreed that the provisions hereof shall apply to every transfer or assignment of the whole or any portion of said Letter of Credit to a new Landlord. If, as result of
any authorized application of all or any part of the Letter of Credit, the amount of the Letter of Credit shall be less than the Letter of Credit Amount, Tenant shall within ten (10) days thereafter provide Landlord with a Security Deposit or
additional letter(s) of credit in an amount equal to the deficiency (or a Security Deposit or a replacement letter of credit in the total amount of the Letter of Credit Amount, in substitution of the original Letter of Credit) and each such
additional (or replacement) letter of credit shall comply with all of the provisions of this Exhibit J, and if Tenant fails to do so, the same shall constitute an event of default by Tenant. Tenant further covenants and warrants that it will neither
assign nor encumber the Letter of Credit or any part thereof and that neither Landlord nor its successors or assigns will be bound by any such assignment, encumbrance, attempted assignment or attempted encumbrance. Without limiting the generality of
the foregoing, if the Letter of Credit expires earlier than the Letter of Credit Expiration Date, Landlord will accept a Security 

 
Deposit or a renewal thereof or substitute letter of credit (such renewal or substitute letter of credit to be in effect not later than thirty (30) days
prior to the expiration thereof, with Tenant’s failure to provide the same prior to such date being an event of default entitling Landlord to draw upon the Letter of Credit without extending Tenant any notice or right to cure), which shall be
irrevocable and automatically renewable as above provided through the Letter of Credit Expiration Date upon the same terms as the expiring Letter of Credit or such other terms as may be acceptable to Landlord in its sole discretion. However, if the
Letter of Credit is not timely renewed or a substitute Letter of Credit or Security Deposit is not timely received, or if Tenant fails to maintain the Letter of Credit in the amount and in accordance with the terms set forth in this Exhibit J,
Landlord shall have the right to present such Letter of Credit to the bank in accordance with the terms of this Exhibit J, and the entire sum evidenced thereby shall be paid to and held by Landlord under Article 23 of this Lease as security for
performance of all of Tenant’s obligations under this Lease and for all losses and damages Landlord may suffer as a result of any default by Tenant under this Lease that is not cured within any applicable grace or cure period. If there shall
occur a default under this Lease, which is not cured within any applicable grace or cure period, Landlord may, but without obligation to do so, draw upon the Letter of Credit, in part or in whole, to cure such default of Tenant and/or to compensate
Landlord for any and all damages of any kind or nature sustained or which may be sustained by Landlord resulting from Tenant’s default but only to the extent of such damage. Tenant agrees not to interfere in any way with payment to Landlord of
the proceeds of the Letter of Credit, either prior to or following a “draw” by Landlord of any portion of the Letter of Credit, regardless of whether any dispute exists between Tenant and Landlord as to Landlord’s right to draw from
the Letter of Credit. If Landlord’s draw is ultimately determined to be wrongful, Landlord shall return such draw to Tenant. No condition or term of this Lease shall be deemed to render the Letter of Credit conditional to justify the issuer of
the Letter of Credit in failing to honor a drawing upon such Letter of Credit in a timely manner. Landlord and Tenant acknowledge and agree that a letter of credit in the form attached hereto as “Exhibit J-1” shall satisfy the terms and
conditions of the Lease. 
 The aforementioned Letter of Credit shall be delivered to Landlord by Tenant along with the Tenant executed Lease
that is delivered to Landlord for its execution. The Letter of Credit deliveries required hereby shall be made by Tenant without further notice or demand and the failure to provide the same as and when due hereunder shall be a material default under
the Lease entitling Landlord to exercise all remedies available to it under the Lease or at law or in equity, in each case without the benefit of any notice, grace periods or opportunity to cure. 
 If (A) on any Declining Date (hereafter defined), Tenant is not in default under this Lease,
and no condition exists which with the passage of time or notice or both would constitute an event of default under this Lease; and (B) Tenant has not been more than five days late with respect to its rental obligations under this Lease on more
than two occasions during the Term prior to such Declining Date (rent being due on the first day of each month as provided for in this Lease); and (C) Tenant has not been required on any occasion prior to such Declining Date to cure a monetary
default under this Lease after being notified of its default under this Lease; then notwithstanding anything to the contrary contained in this Exhibit J to the contrary, commencing with the first day of the 49th, 61st, 73rd, and 85th, full calendar months following the Commencement Date (each such date a “Declining Date”)
during the Term, Tenant may replace the aforementioned Letter of Credit with an identical, substitute letter of credit (“Replacement Letter”), and each Replacement Letter shall reduce the Letter of Credit Amount by Three-Hundred Thousand
and 00/100th Dollars ($300,000.00). 
 On the first day of the 97th full calendar month following the Commencement Date the Tenant may forever withdraw the aforementioned Letter of Credit with no obligation to replace the same if (A) Tenant is not in default under this Lease,
and no condition exists which with the passage of time or notice or both would constitute an event of default under this Lease; and 

 
(B) Tenant has not been more than five days late with respect to its rental obligations under this Lease on more than two occasions during the Term prior to
such date (rent being due on the first day of each month as provided for in this Lease); and (C) Tenant has not been required on any occasion prior to such date to cure a monetary default under this Lease after being notified of its default
under this Lease. 

 EXHIBIT “J-1” 
 TRADE SERVICES DIVISION, NORTHERN CALIFORNIA 
 ONE FRONT STREET, 21ST FLOOR 
 SAN FRANCISCO, CALIFORNIA 94111 
 Contact Phone: 1(800) 798-2815 
 Email : sftrade@wellsfargo.com 
 IRREVOCABLE STANDBY LETTER OF CREDIT NO. 
 Date: ______________, 2008 
  

			
	 BENEFICIARY
  
 DIV Loan Portfolio I, LLC
 and
 John Hancock Life Insurance Company
 c/o John Hancock Life Insurance Company
 John Hancock Tower, C-3, 197
 197 Clarendon Street
 Boston, MA 02116
	  	 APPLICANT
  
 TRX, Inc.
 2970 Clairmont Road
 Suites 300 & 400
 Atlanta, Georgia 30329

 By the order of TRX, Inc. (“Applicant”), we hereby issue in favor of DIV Loan Portfolio I, LLC
and John Hancock Life Insurance Company , or any succeeding transferee (DIV Loan Portfolio I, LLC and John Hancock Life Insurance Company jointly and any joint or singular transfer beneficiary, being the “Beneficiary”) our
Irrevocable Standby Letter of Credit No. __________ (“Letter of Credit”) for the amount of One Million Five-Hundred Thousand and 00/100 U.S. Dollars (U.S. $1,500,000.00) (the “Maximum Amount”). 
 1. This Letter of Credit is effective immediately and expires at 5:00 p.m. Pacific Time on _________________ (“Expiration Date”). The
Expiration Date shall automatically be extended for two (2) periods of one (1) year each unless we notify the Beneficiary of non-renewal in writing, at least sixty (60) days prior to the then applicable Expiration Date. Upon receipt
of such non-renewal notice, the Beneficiary may draw hereunder on or prior to the then applicable Expiration Date the amount available under this Letter of Credit by sight draft drawn on us in the form of Exhibit J-3 hereto with the instructions in
brackets therein complied with, without it being necessary that such sight draft being accompanied by a certificate in the form of Exhibit J-2 hereto. However, in no event will this Letter of Credit be extended beyond _______ 2011 [insert the date
that is two (2) years following initial Expiration Date.] 
 2. Presentation(s)
of draft(s) and certificate(s) to us by the Beneficiary in accordance with this Letter of Credit shall be made at our offices located at Wells Fargo Bank, N.A., Trade Services Division, Northern California, One Front Street, 21st Floor, San Francisco, CA 94111. 

 3. The Beneficiary may make full or multiple partial draws from time to time upon this Letter of Credit
in an aggregate amount up to the Maximum Amount, as in effect from time to time. Each such drawing shall be made by presentation to us by the Beneficiary of a certificate and a draft, in the forms, respectively, of Exhibits “J-2” and
“J-3” hereto, with the instructions in brackets therein complied with. 
 4. Applicant shall pay all costs of, or in connection
with, this Letter of Credit, including any transfer fees. Except as expressly stated herein, this Letter of Credit cannot be amended, discharged or terminated except by a writing signed by person(s) identifying themselves as authorized
representatives of Beneficiary and the undersigned on or before the Expiration Date. 
 5. Except as otherwise stated herein, this Letter of
Credit is subject to the Uniform Customs and Practice for Documentary Credits, 2007 revision, International Chamber of Commerce Publication Brochure No. 600 (“UCP”). As to matters not covered by the UCP and to the extent not
inconsistent with the UCP, this Letter of Credit shall be governed by and construed in accordance with the laws of the State of California. 
 7. This Letter of Credit sets forth in full the terms of our undertaking, and such terms shall not in any way be modified, amended, amplified or limited by reference to any document, instrument or agreement referred to herein; and any such
reference shall not be deemed to incorporate in this Letter of Credit by reference any document, instrument or agreement. 
 8. This Letter
of Credit may be transferred (or the Beneficiary changed) more than once, but only in the amount of the then full unutilized balance hereof, to any single transferee by presentation to us of a duly executed instrument of transfer in the form
attached as “Exhibit J-4”, and payment of our transfer fees. Any transfer of this Letter of Credit may not change the place of expiration of this Letter of Credit from our above-specified office. Each transfer shall be evidenced by our
endorsement on the reverse of the original of this Letter of Credit, and we shall deliver the original of this Letter of Credit so endorsed to the transferee. 
 9. The term “Beneficiary” as used in this Letter of Credit means the beneficiary named in this Letter of Credit and any person who succeeds to substantially all of the rights of such beneficiary by operation
of law or in the event of a transfer of this Letter of Credit, the transfer beneficiary named in our advice of transfer of this Letter of Credit and any person who succeeds to substantially all of the rights of such transfer beneficiary by operation
of law. 
  

			
		 	Very truly yours,
		
		 	WELLS FARGO BANK, N.A.
		
	By:	 	 
	Name:	 	
	Title:	 	

 EXHIBIT “J-2” 
 CERTIFICATE 
 (Drawing Certificate) 
 [insert date] Wells Fargo Bank, N.A. 
 Trade Services Division,
Northern California 
 One Front Street, 21st
 Floor 
 San Francisco, California 94111 
  

	Re:	Irrevocable Standby Letter of Credit No. _________________ 

 The
undersigned, a duly authorized representative of the Beneficiary under the above-referenced Letter of Credit, hereby certifies that the Beneficiary is entitled to the sums to be drawn under the Letter of Credit pursuant to that certain Lease dated
[insert date], by and between Applicant and NNN Park Central, LLC, et. al., as same may have been subsequently amended, modified or assigned. 
  

			
	[for each “Beneficiary” of record:
	
	[“insert beneficiary name”]
		
	By:	 	[“insert signature”]
	Name:	 	[insert name]
	Title:	 	[insert title]]

 EXHIBIT J-3 
 SIGHT DRAFT 
 Drawn Under Irrevocable Letter of Credit No. __________ 
 U.S.$ [insert amount of drawing in numbers]
                                         
                                         
              [insert date] 
 To: Wells Fargo Bank, N.A. 
 Trade Services Division, Northern California 
 One Front Street, 21st Floor 
 San Francisco, California 94111 
 AT SIGHT, Pay to the order of [for each “Beneficiary” of record: [“insert beneficiary
name”] (“Beneficiary”), the sum of [insert amount of drawing in words] United States Dollars (U.S. $[insert amount of drawing in numbers]). 
  

			
	[for each “Beneficiary” of record:
	
	[“insert beneficiary name”]
		
	By:	 	[“insert signature”]
	Name:	 	[insert name]
	Title:	 	[insert title]]

 EXHIBIT J-4 
 REQUEST FOR TRANSFER 
 Date: _______________ 
 Wells Fargo Bank, N.A. 
 Trade Services Division, Northern California

 One Front Street, 21st Floor 
 San Francisco, California 94111 
 Subject: Your Letter of Credit No. _________ 
 Ladies and Gentlemen: 
 For value received, we hereby irrevocably assign and transfer all our rights under the above-captioned Letter of Credit, as heretofore and hereafter
amended, extended or increased, to: 
  
  

[insert name of transferee] 
  
  
  
  
 [insert
address]                     
 By
this transfer, all of our rights in the Letter of Credit are transferred to the transferee, and the transferee shall have sole rights as beneficiary under the Letter of Credit, including sole rights relating to any amendments, whether increases or
extensions or other amendments, and whether now existing or hereafter made. You are hereby irrevocably instructed to advise future amendment(s) of the Letter of Credit to the transferee without our consent or notice to us. 
 Enclosed are the original Letter of Credit and the original of all amendments to this date. Please notify the transferee of this transfer and of the
terms and conditions of the Letter of Credit as transferred. This transfer will not become effective until the transferee is so notified. 
  

			
	Very truly yours,
	
	[for each “Beneficiary” of record:
	
	[“insert beneficiary name”]
		
	By:	 	[“insert signature”]
	Name:	 	[insert name]
	Title:	 	[insert title]]

 [for each “Beneficiary” Signature: __________________________ 
 Signature of Transferor Guaranteed 
 [insert name of bank] 

			
	By:	 	 
	Name:	 	 
	Title:	 	 
	 [a corporate notary acknowledgement or
 a certificate of authority with corporate seal is
 acceptable in lieu of bank guarantee above]]

 EXHIBIT J-5 
 FORM OF LETTER OF CREDIT 
 IRREVOCABLE STANDBY LETTER OF CREDIT NO. 
 Date: ______________, 2008 
  

			
	 BENEFICIARY
  
 DIV Loan Portfolio I, LLC f/b/o
 NNN Park Central, LLC, et. al.
 One Appleton Street
 Suite 300
 Boston, MA 02116
  
 and
  
 John Hancock Life Insurance Company
 f/b/o NNN Park Central, LLC, et. al.
 John Hancock Tower, C-3, 197
 197 Clarendon Street
 Boston, MA 02116
	  	 APPLICANT
  
 TRX, Inc.
 2970 Clairmont Road
 Suites 300 & 400
 Atlanta, Georgia 30329

 By the order of TRX, Inc. (“Applicant”), we hereby issue in favor of DIV Loan Portfolio I, LLC
f/b/o NNN Park Central, LLC, et. al., John Hancock Life Insurance Company f/b/o NNN Park Central, LLC, et. al., or any succeeding transferee (“Beneficiary”) our Irrevocable Standby Letter of Credit No. __________ (“Letter of
Credit”) for the amount of One Million Five-Hundred Thousand and 00/100 U.S. Dollars (U.S. $1,500,000) (the “Maximum Amount”). 
 6. This Letter of Credit is effective immediately and expires at 5:00 p.m. Eastern Standard Time on _________________ (“Expiration Date”). 
 7. Presentation(s) of draft(s) and certificate(s) to us by the Beneficiary in accordance with this Letter of Credit shall be made at our offices located at _______________________________ Atlanta, Georgia. 

8. The Beneficiary may make full or multiple partial draws from time to time upon this Letter of Credit in an aggregate amount up to the Maximum
Amount, as in effect from time to time. Each such drawing shall be made by presentation to us by the Beneficiary of a certificate and a draft, in the forms, respectively, of Exhibits “J-6” and “J-7” hereto, each duly completed
and signed by the Beneficiary. 
 9. Applicant shall pay all costs of, or in connection with, this Letter of Credit, including any transfer
fees. This Letter of Credit cannot be amended, discharged or terminated except by a writing signed by authorized representatives of Beneficiary and the undersigned on or before the Expiration Date. 

 10. Except as otherwise stated herein, this Letter of Credit is subject to the Uniform Customs and
Practice for Documentary Credits, 2007 revision, International Chamber of Commerce Publication Brochure No. 600 (“UCP”). As to matters not covered by the UCP and to the extent not inconsistent with the UCP, this Letter of Credit shall
be governed by and construed in accordance with the laws of the State of Georgia. 
 9. This Letter of Credit sets forth in full the terms of
our undertaking, and such terms shall not in any way be modified, amended, amplified or limited by reference to any document, instrument or agreement referred to herein; and any such reference shall not be deemed to incorporate in this Letter of
Credit by reference any document, instrument or agreement. 
 10. This Letter of Credit may be transferred more than once, but only in the
amount of the then full unutilized balance hereof, to any single transferee by presentation to us of a duly executed instrument of transfer in the form attached as “Exhibit J-8” (our document only), and payment of our transfer fees.

  

	
	Very truly yours,
	
	  
	
	  
	[NAME OF SIGNATORY, TITLE]
	
	  

 EXHIBIT “J-6” 
 CERTIFICATE 
 (Drawing Certificate) 
 ________________, 20__ 
 ________________ BANK 
 [BRANCH AND ADDRESS] 
  

	Re:	Irrevocable Standby Letter of Credit No. _________________ 

 The
undersigned, a duly authorized representative of the Beneficiary under the above-referenced Letter of Credit, hereby certifies that the Beneficiary is entitled to the sums to be drawn under the Letter of Credit pursuant to that certain Lease dated
__________________, by and between Applicant and Beneficiary, as same may have been subsequently amended, modified or assigned. 
 [Beneficiary] 

 EXHIBIT “J-7” 
 SIGHT DRAFT 
 Drawn Under Irrevocable Letter of Credit No. __________ 

 

			
	U.S.$                                	  	_______________, 200__

 To: [________________ BANK / Address] 
 AT SIGHT, Pay to the order of                             
(“Beneficiary”), the sum of ___________________ United States Dollars (U.S. $________________). 
 [Beneficiary] 

 EXHIBIT “J-8” 
 NOTICE OF TRANSFER 
 _________________________, 20___ 
 [________________ BANK 
 BRANCH AND ADDRESS] 
  

	Re:	Irrevocable Standby Letter of Credit No. __________ 

 For value received,
the undersigned Beneficiary (the “Transferor”) hereby irrevocably transfers to ________________________________________, whose address is [insert name and address of tenant] (the “Transferee”), all rights of the Transferor with
respect to the above-captioned Letter of Credit in the amount of the full unutilized balance thereof. Said transferee has succeeded the Transferor as landlord under that certain Lease dated _______________________, with [insert name of tenant]. By
virtue of this transfer, the Transferee shall have the sole rights as Beneficiary of said Letter of Credit. By its signature below, the Transferee acknowledges and consents to the foregoing. 
  

			
	                            , as
Transferor
		
	By:	 	 
		 	

  

			
	Acknowledged and Consented to:
	        ______________________, as Transferee
	        ______________________, Beneficiary’s bank
		
	By:	 	 

 EXHIBIT K 
 STORAGE SPACES 
 

 

 EXHIBIT L 
 EXPANSION SPACE 
 

 

 EXHIBIT M 
 GENERATOR AREA/ BICYCLE AND OTHER VEHICLE AREA 
 

 

 EXHIBIT N 
 JANITORIAL SPECIFICATIONS 
 ENTRANCE LOBBY - DAILY 
  

	 	•	 	 Entrance lobby will be thoroughly cleaned. Lobby glass and metal will be cleaned and dusted. 

  

	 	•	 	 Directory glass will be damp cleaned and wiped. Lobby walls will be dusted and kept free from finger marks and smudges. 

  

	 	•	 	 Floor and entrance are to be dust mopped and damp mopped as needed, and buffed and refinished as needed. 

 ELEVATORS - DAILY 
  

	 	•	 	 All elevators will be vacuumed or damp-mopped and tracks will be vacuumed. Carpets will be spot cleaned periodically. 

  

	 	•	 	 All stainless steel and metal will be cleaned and the exterior panels and elevator doors will be cleaned. 

  

	 	•	 	 Ceilings overhead plexiglass, and/or special light fixtures will be cleaned as needed, but at least quarterly. 

 LAVATORIES - DAILY 
  

	 	•	 	 Clean all mirrors and ventilating louvers, wash basins, counter tops, and bright work with a non-abrasive cleanser. 

  

	 	•	 	 Clean and disinfect urinals, wash toilet seats and bowls using disinfectant in water. Toilet bowl brush will be used to clean flush holes, under rim of bowls and
traps. Bowl cleaner shall be used at least once each week and more often if necessary. 

  

	 	•	 	 Damp wipe and clean walls and partitions. 

  

	 	•	 	 Empty wastecans and sanitary napkin receptacles. 

  

	 	•	 	 Refill: hand soap, towels, tissues, and sanitary napkin dispensers. 

  

	 	•	 	 Mop floor using disinfectant in water; power scrub floors with germicidal solution monthly. 

 OFFICES AND CORRIDORS - DAILY 
 Dusting 
  

	 	•	 	 All furniture, office equipment, appliances, windowsills, etc. will be dusted with a treated cloth or static duster. This shall include all horizontal surfaces up
to 7 feet high and enough vertical surfaces so all is done within each week. 

  

	 	•	 	 Desks and tables not cleared of paper and work materials will only be dusted where desk is exposed. 

 Dust Mopping 
 After
furniture dusting is completed, non-carpeted open floor areas will be dust mopped with a treated dust mop. 
 Vacuuming 
 Rugs and carpets in open office areas are to be vacuumed daily; low traffic and hard to reach places shall be vacuumed weekly. 
 Wastecans 
  

	 	•	 	 Wastecans will be emptied and wiped clean as necessary. 

  

	 	•	 	 Plastic liners where used will be changed as needed. 

  

	 	•	 	 Waste not in can will not be removed unless clearly marked “Trash”. 

 Spot Cleaning Carpets 
  

	 	•	 	 Carpeted areas will be inspected for spots and stains. Spots and stains will be removed as soon as possible. Where difficult spots are encountered, TCS will be
notified. 

 Wet Mopping - As Needed 
 Extreme care shall be used in all mopping to avoid splashing wall or furniture. Moving water and other liquids over carpeted areas will be done in a manner to avoid spillage. 
 Tile Floors 
 Tile floors will buffed and kept in scuff/spot-free condition at all times. Recoating and buffing will
be done on an “as needed” basis. Care will be taken in applying finish to keep it off of furniture, baseboards and walls. Floor machines will be used in a manner to avoid damage to the walls, baseboards and furniture. 
 Water Coolers 
 Water coolers will be cleaned and polished.

 Spot Cleaning Walls, Woodwork, Etc. 
 Handprints and
spots will be removed from doors and light switches. Walls and woodwork cleaned as needed. 
 MISCELLANEOUS - NIGHTLY 
  

	 	•	 	 Counter tops, sinks, backsplashes, and tables will be cleaned in the lounge areas. 

  

	 	•	 	 Thresholds and baseboards shall receive a monthly cleaning. 

  

	 	•	 	 Mechanical and telephone equipment rooms will be damp mopped. 

 OFFICE AND CORRIDORS - PERIODIC 
 High Dusting - Quarterly 
 Pipes, ledges, ceiling, mouldings, picture frames, etc., will be cleaned quarterly or more
frequently if necessary. 
 Air Conditioning Grills - Monthly 
 Areas around air conditioning and return air grills will be cleaned once each month or more frequently, if necessary. 
 Venetian Blinds 

 Venetian blinds will be dusted quarterly and damp wiped annually. 
 Light Fixtures 
 The exterior of all light fixtures will be dusted as needed. Exterior of fixtures will be damp wiped annually. 

Stairways & Landings 
  

	 	•	 	 All stairways and landings will be wiped daily. 

  

	 	•	 	 Spot cleaning of walls and doors will be done weekly. These areas will be damp mopped and scrubbed as necessary. 

  

	 	•	 	 Hand rails, fire points, and other miscellaneous hardware will be cleaned periodically. 

 Polishing 
 All door plates, kick plates, and brass and metal fixtures
within the building will be wiped weekly and polished periodically. 

 EXHIBIT O 
 LOCATION OF BUILDING SIGNS and SIGNAGE SPECIFICATIONS

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