Document:

Exhibit 1049

		

			

		

		

			

		

		
			                                                                                                                                     Exhibit 10.49
		

		
			FOURTH AMENDMENT TO
		

		
			THIRD AMENDED AND RESTATED CREDIT AGREEMENT
		

		
			 
		

		
			FOURTH AMENDMENT, dated as of March 25, 2014 (this “Amendment”), to the Third Amended and Restated Credit Agreement, dated as of March 22, 2012 (as the same may be further amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among the lenders identified on the signature pages thereof (such lenders, together with their respective successors and permitted assigns, are referred to hereinafter each individually as a “Lender” and collectively as the “Lenders”), OBSIDIAN, LLC, a Delaware limited liability company, as the agent and collateral agent for the Lenders (“Obsidian” and in such capacity, together with its successors and assigns in such capacity, “Agent”), DIALOGIC CORPORATION, a British Columbia corporation (the “Company”), DIALOGIC INC., a Delaware corporation (the “Parent” and together with the Company, collectively, the “Principal Companies” and individually a “Principal Company”) and each of the Subsidiary Guarantors signatory thereto.
		

		
			WHEREAS, the Principal Companies, the Subsidiary Guarantors, the Agent and the Lenders agree to modify the Credit Agreement on and subject to the terms set forth herein;
		

		
			NOW THEREFORE, in consideration of the premises and other good and valuable consideration, the parties hereto hereby agree as follows:
		

		
			1.Definitions.  Any capitalized term used herein and not defined shall have the meaning assigned to it in the Credit Agreement.
		

		
			2.Amendments.  
		

		
			(a)  The definition of “Annualized Basis” in Schedule B of the Credit Agreement is deleted in its entirety. 
		

		
			(b)  The definition of “Consolidated EBITDA” in Schedule B of the Credit Agreement is hereby amended by deleting the sentence at the end thereof.
		

		
			(c)  The definition of “Financial Covenants” in Schedule B of the Credit Agreement is hereby amended and restated in its entirety to read as follows:
		

		
			““Financial Covenants” means, prior to the Fourth Amendment Effective Date, the covenant in Section 10.14.”
		

		
			(d)  The following new definition of “Fourth Amendment” is hereby added to Schedule B of the Credit Agreement in correct alphabetical order to read as follows:
		

		
			““Fourth Amendment” means the Fourth Amendment to the Third Amended and Restated Credit Agreement, dated as of March 25, 2014, by and among the Agent, the Lenders, the Principal Companies and the Subsidiary Guarantors.”
		

		

		

		 

		

			 

		

 

		

			 

		

		(e)  The following new definition of “Fourth Amendment Effective Date” is hereby added to Schedule B of the Credit Agreement in correct alphabetical order to read as follows:
		

		
			““Fourth Amendment Effective Date” means the date on which each of the conditions precedent set forth in Section 3 of the Fourth Amendment have been either satisfied or waived.”
		

		
			(f)  Section 10.14 (Minimum EBITDA) is hereby amended and restated in its entirety to read “10.14    Intentionally Omitted.”
		

		
			3.Conditions to Effectiveness.  The effectiveness of this Amendment is subject to the fulfillment, in a manner satisfactory to the Agent and the Lenders, of each of the following conditions precedent (the date such conditions are fulfilled or waived by the Agent and the Lenders is hereinafter referred to as the “Fourth Amendment Effective Date”):  
		

		
			(a)Representations and Warranties; No Event of Default.  After giving effect to this Amendment and the Twenty-Second Amendment to the Working Capital Facility dated as of the date hereof (the “Working Capital Amendment”), the representations and warranties herein, in Section 5 of the Credit Agreement and in each other Loan Document and certificate or other writing delivered to the Agent and the Lenders pursuant hereto on or prior to the Fourth Amendment Effective Date shall be true and correct on and as of the Fourth Amendment Effective Date as though made on and as of such date (except to the extent such representations and warranties expressly relate to an earlier date), and no Default or Event of Default shall have occurred and be continuing on the Fourth Amendment Effective Date or would result from this Amendment becoming effective in accordance with its terms.
		

		
			(b)Execution of Amendment.  The Agent and the Lenders shall have executed this Amendment and shall have received a counterpart to this Amendment, duly executed by the Principal Companies and the Subsidiary Guarantors.
		

		
			(c)Execution of Amendment to Working Capital Facility.  The Agent shall have received an executed copy of the Working Capital Amendment.
		

		
			4.Representations and Warranties.  Each of the Principal Companies and the Subsidiary Guarantors represents and warrants as follows:
		

		
			(a)The execution, delivery and performance by the Principal Companies and the Subsidiary Guarantors of this Amendment (including, without limitation, Section 5) and the performance by the Principal Companies and the Subsidiary Guarantors of the Credit Agreement, as amended hereby, have been duly authorized by all necessary action, and the Principal Companies and the Subsidiary Guarantors have all requisite power, authority and legal right to execute, deliver and perform this Amendment (including, without limitation, Section 5) and to perform the Credit Agreement, as amended hereby.
		

		
			(b)Each of this Amendment and the Credit Agreement, as amended hereby, is a legal, valid and binding obligation of the Principal Companies and the Subsidiary Guarantors, enforceable against the Principal Companies and the Subsidiary Guarantors in 
		

		 

			

					

						 

					

					

						 

					

					

						 

				

		

			 

		

 

		

			 

		

		accordance with the terms thereof, except as enforcement may be limited by equitable principles or by bankruptcy, insolvency, reorganization, moratorium, or similar laws relating to or limiting creditors’ rights generally.
		

		
			(c)After giving effect to this Amendment and the Working Capital Amendment, the representations and warranties contained in Section 5 of the Credit Agreement are true and correct on and as of the Fourth Amendment Effective Date as though made on and as of the Fourth Amendment Effective Date (except to the extent such representations and warranties expressly relate to an earlier date), and no Event of Default or Default has occurred and is continuing on and as of the Fourth Amendment Effective Date, or would result from this Amendment becoming effective in accordance with its terms.
		

		
			5.Release.  Each of the Principal Companies and the Subsidiary Guarantors may have certain Claims against the Released Parties, as those terms are defined below, regarding or relating to the Credit Agreement or the other Loan Documents.  The Agent, the Lenders, the Principal Companies and the Subsidiary Guarantors desire to resolve each and every one of such Claims in conjunction with the execution of this Amendment and thus each of the Principal Companies and the Subsidiary Guarantors makes the releases contained in this Section 5.  In consideration of the Agent and the Lenders entering into this Amendment and agreeing to substantial concessions as set forth herein, each of the Principal Companies and the Subsidiary Guarantors hereby fully and unconditionally releases and forever discharges each of the Agent and the Lenders, and their respective directors, officers, employees, subsidiaries, branches, affiliates, attorneys, agents, representatives, successors and assigns and all persons, firms, corporations and organizations acting on any of their behalves (collectively, the “Released Parties”), of and from any and all claims, allegations, causes of action, costs or demands and liabilities, of whatever kind or nature, from the beginning of the world to the date on which this Amendment is executed, whether known or unknown, liquidated or unliquidated, fixed or contingent, asserted or unasserted, foreseen or unforeseen, matured or unmatured, suspected or unsuspected, anticipated or unanticipated, which the Principal Companies and the Subsidiary Guarantors has, had, claims to have had or hereafter claims to have against the Released Parties by reason of any act or omission on the part of the Released Parties, or any of them, occurring prior to the date on which this Amendment is executed, including all such loss or damage of any kind heretofore sustained or that may arise as a consequence of the dealings among the parties up to and including the date on which this Amendment is executed, but in any case only to the extent arising out of the administration or enforcement of the Loans, the Obligations, the Credit Agreement or any of the Loan Documents (collectively, all of the foregoing, the “Claims”).  Each of the Principal Companies and the Subsidiary Guarantors represents and warrants that it has no knowledge of any claim by it against the Released Parties or of any facts or acts of omissions of the Released Parties which on the date hereof would be the basis of a claim by the Principal Companies and the Subsidiary Guarantors against the Released Parties which is not released hereby.  Each of the Principal Companies and the Subsidiary Guarantors represents and warrants that the foregoing constitutes a full and complete release of all Claims.
		

		
			 
		

		
			6.Miscellaneous.
		

		
			(a)Continued Effectiveness of the Credit Agreement.  Except as otherwise expressly provided herein, the Credit Agreement and the other Loan Documents are, 
		

		 

			

					

						 

					

					

						 

					

					

						 

				

		

			 

		

 

		

			 

		

		and shall continue to be, in full force and effect and are hereby ratified and confirmed in all respects, except that on and after the Fourth Amendment Effective Date (i) all references in the Credit Agreement to “this Agreement”, “hereto”, “hereof”, “hereunder” or words of like import referring to the Credit Agreement shall mean the Credit Agreement as amended by this Amendment, and (ii) all references in the other Loan Documents to the “Credit Agreement”, “thereto”, “thereof”, “thereunder” or words of like import referring to the Credit Agreement shall mean the Credit Agreement as amended by this Amendment.  To the extent that the Credit Agreement or any other Loan Document purports to pledge to the Collateral Agent, or to grant to the Collateral Agent, a security interest or lien, such pledge or grant is hereby ratified and confirmed in all respects.  Except as expressly provided herein, the execution, delivery and effectiveness of this Amendment shall not operate as an amendment of any right, power or remedy of the Agent and the Lenders under the Credit Agreement or any other Loan Document, nor constitute a waiver or an amendment of any provision of the Credit Agreement or any other Loan Document.
		

		
			(b)Counterparts.  This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which shall be deemed to be an original, but all of which taken together shall constitute one and the same agreement.  Delivery of an executed counterpart of this Amendment by telefacsimile or electronic mail shall be equally as effective as delivery of an original executed counterpart of this Amendment.
		

		
			(c)Headings.  Section headings herein are included for convenience of reference only and shall not constitute a part of this Amendment for any other purpose.
		

		
			(d)Costs and Expenses.  The Principal Companies agree to pay on demand all reasonable fees, costs and expenses of the Agent and the Lenders in connection with the preparation, execution and delivery of this Amendment.
		

		
			(e)Amendment as Loan Document.  The Principal Companies and the Subsidiary Guarantors hereby acknowledge and agree that this Amendment constitutes a “Loan Document” under the Credit Agreement.  Accordingly, it shall be an Event of Default under the Credit Agreement if (i) any representation or warranty made by the Principal Companies and the Subsidiary Guarantors under or in connection with this Amendment shall have been untrue, false or misleading in any material respect when made, or (ii) the Principal Companies and the Subsidiary Guarantors shall fail to perform or observe any term, covenant or agreement contained in this Amendment. 
		

		
			(f)Governing Law.  This Amendment shall be governed by the laws of the State of New York.
		

		
			(g)Waiver of Jury Trial.  THE PARTIES HERETO HEREBY IRREVOCABLY WAIVE THEIR RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AMENDMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREIN, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW OR STATUTORY CLAIMS.
		

		
			

		

		 

			

					

						 

					

					

						 

					

					

						 

				

		

			 

		

 

		

			 

		

		[Remainder of this Page Intentionally Left Bank]
		

		
			 
		

		

		

		 

			

					

						 

					

					

						 

					

					

						 

				

		

			 

		

 

		

			 

		

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

		
			 
		

			
					
						 

					
					
						DIALOGIC CORPORATION, a British Columbia corporation

					
						 

					
						 

					
						By:/s/ Anthony Housefather

					
						     Name: Anthony Housefather

					
						     Title: EVP, Corporate Affairs and General Counsel

					
						 

					
						 

				
	
					
						 

					
					
						DIALOGIC INC., a Delaware corporation 

					
						 

					
						 

					
						By:/s/ Anthony Housefather

      Name: Anthony Housefather

					
						          Title: EVP, Corporate Affairs and General Counsel

					
						 

					
						 

					
						 

				
	
					
						 

					
					
						DIALOGIC DISTRIBUTION LIMITED, a company organized under the laws of Ireland 

					
						 

					
						 

					
						SIGNED AND DELIVERED as a deed 

					
						 

					
						by /s/ Anthony Housefather

					
						the lawfully appointed attorney for and on behalf of

					
						DIALOGIC DISTRIBUTION LIMITED          

					
						in the presence of:

					
						Witness (signature): /s/ Stephen Becker

					
						Witness Name (print): Stephen Becker
Witness Address: 
6700,  Cote-de-Liesse Road
Suite 100
Saint-Laurent, Quebec
H4T 2B5 Canada

					
						 

					
						 

					
						 

				

		 

			

					

						 

					

					

						 

					

					

						 

				

		

			 

		

 

		

			 

		

			
					
						 

					
					
						 

					
						 

					
						DIALOGIC MANUFACTURING LIMITED, a company organized under the laws of Ireland 

					
						 

					
						SIGNED AND DELIVERED as a deed 

					
						 

					
						by /s/ Anthony Housefather

					
						the lawfully appointed attorney for and on behalf of

					
						DIALOGIC MANUFACTURING LIMITED    

					
						in the presence of:

					
						Witness (signature): /s/ Stephen Becker

					
						Witness Name (print): Stephen Becker
Witness Address: 
6700,  Cote-de-Liesse Road
Suite 100
Saint-Laurent, Quebec
H4T 2B5 Canada

					
						 

				
	
					
						 

					
					
						DIALOGIC US HOLDINGS INC., a Delaware corporation 

					
						 

					
						 

					
						By:/s/ Anthony Housefather

     Name: Anthony Housefather

					
						     Title: Director

					
						 

				
	
					
						 

					
					
						DIALOGIC (US) INC., a Delaware corporation 

					
						 

					
						 

					
						By:/s/ Anthony Housefather

     Name: Anthony Housefather

					
						     Title: Secretary

					
						 

				
	
					
						 

					
					
						CANTATA TECHNOLOGY, INC., a Delaware corporation 

					
						 

					
						 

					
						By:/s/ Anthony Housefather

     Name: Anthony Housefather

					
						     Title: Director

					
						 

				

		 

			

					

						 

					

					

						 

					

					

						 

				

		

			 

		

 

		

			 

		

			
					
						 

					
					
						 

					
						 

					
						 

					
						 

					
						DIALOGIC JAPAN, INC., a Delaware corporation 

					
						 

					
						 

					
						By:/s/ Anthony Housefather

     Name: Anthony Housefather

					
						     Title: Director

					
						 

				
	
					
						 

					
					
						DIALOGIC NETWORKS (ISRAEL) LTD., a company organized under the laws of Israel 

					
						 

					
						 

					
						By:/s/ Anthony Housefather

     Name: Anthony Housefather

					
						     Title: Director

					
						 

				
	
					
						 

					
					
						DIALOGIC DO BRASIL COMERCIO DE EQUIPAMNETOS PARA TELECOMUNICACAO LTDA (f/k/a Veraz Networks do Brasil Comercio de Equipamentos Para Telecommunicacao Ltda), a company organized under the laws of Brazil

					
						 

					
						 

					
						By:/s/ Anthony Housefather

     Name: Anthony Housefather

					
						     Title: EVP, Corporate Affairs and
              General Counsel

					
						 

				
	
					
						 

					
					
						 

				

		
			 
		

		

		

		 

			

					

						 

					

					

						 

					

					

						 

				

		

			 

		

 

		

			 

		

		
		

			
					
						AGENT:

					
					
						OBSIDIAN, llc
By Tennenbaum Capital Partners, LLC 
It’s: Sole Member

					
						 

					
						By: /s/ David Hollander

       Name: David Hollander

					
						     Title: Managing Partner

					
						 

				

		
			 
		

		

		

		 

			

					

						 

					

					

						 

					

					

						 

				

		

			 

		

 

		

			 

		

		
		

			
					
						LENDERS:

					
					
						special value opportunities fund, llc

					
						special value expansion fund, llc

					
						tennenbaum opportunities partNERS v, lp

					
						 

					
						By:  Tennenbaum Capital Partners, LLC

					
						Its:  Investment Manager

					
						 

					
						By: /s/ David Hollander

       Name: David Hollander

					
						             Title: Managing PartnerExhibit 1050

		
			Exhibit 10.50
		

		
			 
		

		
			TWENTY-SECOND AMENDMENT TO CREDIT AGREEMENT
		

		
			 
		

		
			THIS TWENTY-SECOND   AMENDMENT   TO  CREDIT  AGREEMENT (this"Amendment") is entered into as of March 28, 2014, by and among Dialogic Corporation, a British Columbia corporation ("Borrower"), Dialogic Inc., a Delaware corporation formerly known as Veraz Networks, Inc. ("Parent"), Wells Fargo Foothill Canada ULC, an unlimited corporation existing under the laws of Alberta, as administrative agent for the Lenders ("Administrative Agent"), and the financial institutions named as lenders on the signature pages hereto (the "Lenders").
		

		
			 
		

		
			WHEREAS, Borrower, Administrative Agent and the Lenders are parties to that certain Credit Agreement dated as of March 5, 2008 (as amended, restated, supplemented or otherwise modified from time to time, the "Credit Agreement");
		

		
			 
		

		
			WHEREAS, Borrower and Parent have requested that Administrative Agent and Required Lenders amend the Credit Agreement in certain respects and, subject to the terms and conditions specified herein, Borrower, Parent and Required Lenders have agreed to do so as set forth herein;
		

		
			 
		

		
			NOW, THEREFORE, in consideration of the premises and mutual agreements herein contained, the parties hereto agree as follows:
		

		
			 
		

			
	
			
				 1.
			

			
	
			
			Defined Terms. Unless otherwise defined herein, capitalized terms used herein shall have the meanings ascribed to such terms in the Credit Agreement.

		
			 
		

			
	
			
				 2.
			

			
	
			
			Amendments.Subject to the satisfaction of the conditions set forth in Section 3 below and in reliance on the representations and warranties set forth in Section 4 below, the Credit Agreement is hereby amended as follows:

		
			 
		

		
			(a)Section 6.16(a) of the Credit Agreement is hereby amended and restated in its entirety to read as follows:
		

		
			 
		

			
	
			
				 (a)
			Minimum EBITDA. Fail  to  achieve  EBITDA,  measured  on  a quarter- end basis, of at least the required amount set forth in the following table for the applicable period set forth opposite thereto:

		
			 
		

			
					
						 

					
					
						 

				
	
					
						Applicable Amount

					
					
						Applicable Period

				
	
					
						$6,000,000

					
					
						For the 12-month period ending on March 31, 2015, and for each 12-month period ending on the last date of each calendar quarter thereafter

				

		
			 
		

		
			; provided that, for the avoidance of doubt, EBITDA shall not be tested for the periods ending on March 31, 2014, June 30, 2014, September 30, 2014 and December 31, 2014.
		

		
			 
		

		
			Concurrently with the closing of each Permitted Acquisition (it being understood that none of the transactions contemplated by the Acquisition Agreement is a Permitted Acquisition), each EBITDA level set forth above shall be increased by 80% of pro forma
		

		
			 
		

		
			5701747v2 3/28/2014 9:36 AM1989.179
		

		
			 
		

		

		

		 

 

		adjustment to EBITDA as set forth in the definition thereof for any applicable Reference Period.
		

		
			 
		

			
	
			
				 (b)
			Schedule I .I to the Credit Agreement is hereby amended by amending and restating the definition of "Availability Block" as follows:

		
			 
		

		
			"Availability  Block"  means  an  availability  block  in the  amount  of  $1,400,000, which amount shall increase by an additional  $1OO,OOO on April  I , 20 I 4 and on the first day  of each  Fiscal  Quarter thereafter.
		

		
			 
		

			
	
			
				 3.
			Conditions  to  Effectiveness   of  Amendment.This Amendment shall become effective upon the satisfaction of the following conditions (each in form and substance satisfactory to Administrative Agent):

		
			 
		

			
	
			
				 (a)
			each party hereto shall have executed and delivered this Amendment to Administrative  Agent;

		
			 
		

			
	
			
				 (b)
			Administrative Agent shall have received fully executed copies of the Consent and Reaffirmation attached hereto;

		
			 
		

			
	
			
				 (c)
			Administrative Agent shall have received, for its own account, an amendment fee in the amount of $50,000, which fee shall be fully earned and payable as of the date hereof;

		
			 
		

			
	
			
				 (d)
			Administrative Agent shall have received a fully executed copy of an amendment to the Term Loan Credit Agreement (the "Term Loan Amendment"), dated as of the date hereof, and the transactions contemplated thereunder shall have been consummated in accordance with the terms of such amendment; and

		
			 
		

			
	
			
				 (e)
			

			
	
			
			no Default or Event of Default shall have occurred and be continuing.

		
			 
		

			
	
			
				 4.
			Representations   and  Warranties.   In order to induce Administrative  Agent and  the  Lenders  to  enter  into  this  Amendment,  Borrower  hereby  represents  and  warrants  to Administrative Agent and the Lenders:

		
			 
		

			
	
			
				 (a)
			after giving effect to this Amendment and the Term Loan Amendment,  all representations and warranties contained in the Credit Agreement and the other Loan Documents are true and correct on and as of the date of this Amendment, in each case as if made on and as of such date, except (i) to the extent such representations and warranties expressly refer to an earlier date (in which case such representations and warranties were true and  correct  in  all material respects (unless otherwise qualified by materiality, Material  Adverse  Changes  or  a dollar threshold, in which case they shall be true in all respects) on and as of such earlier date and (ii) to the extent that any Schedule relating to any such representation and warranty was not required to be updated pursuant to the terms of the Credit Agreement (it being understood that the Administrative Agent has not requested any such update);

		
			 
		

			
	
			
				 (b)
			after giving effect to this Amendment and the Term Loan Amendment, no Default or Event of Default has occurred and is continuing; and

		
			 
		

		 

		

			

		

			-2-

		

		

			-2-

		

		

 

			
	
			
				 (c)
			this Amendment constitutes a legal, valid and binding obligation of Borrower and is enforceable against Borrower in accordance with its terms.

		
			 
		

			
	
			
				 5.
			Release.

		
			 
		

			
	
			
				 (a)
			In consideration of the agreements of Administrative Agent and Lenders contained herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, each of Parent and each Subsidiary of Parent, on behalf of itself, its successors, assigns, and other legal representatives, hereby absolutely, unconditionally and irrevocably releases, remises and forever discharges Administrative Agent,  Lenders,  Wells Fargo, Wells Fargo Capital Finance, LLC, Wells Fargo Capital Finance, Inc., Wells Fargo Bank, N .A. and their successors and assigns, and their present and former shareholders, predecessors, directors, officers, attorneys, employees, agents and other representatives and their affiliates, subsidiaries and divisions engaged in the provision of financial services to Borrower and any of its subsidiaries (Administrative Agent, each Lender, Wells Fargo, Wells Fargo Capital Finance, LLC, Wells Fargo Capital Finance, Inc., Wells Fargo  Bank, N.A.  and  all  such other  Persons being hereinafter referred to collectively as the "Releasees" and individually as a "Releasee"), of and from all demands, actions, causes of action, suits, covenants, contracts, controversies, agreements, promises, sums of money, accounts, bills,  reckonings,  damages  and  any  and  all other claims, counterclaims, defenses, rights of set-off, demands and liabilities whatsoever (individually, a "Claim" and collectively, "Claims") of every name and nature, known or unknown, suspected or unsuspected, both at law and in equity, which Parent or such Subsidiary or any of their successors, assigns, or other legal representatives may now or hereafter own, hold, have or claim to have against the Releasees or any of them for, upon, or by reason of any circumstance, action, cause or thing whatsoever which has arisen at any time on or prior to the date of this Amendment for or on account of, or in relation to, or in any way in connection with any of the Credit Agreement, or any of the other Loan Documents or transactions thereunder or related thereto.

		
			 
		

			
	
			
				 (b)
			Each of Parent and each Subsidiary of Parent understands, acknowledges and agrees that the release set forth above may be pleaded as a full and complete defense and may be used as a basis for an injunction against any action, suit or other proceeding which may be instituted, prosecuted or attempted in breach of the provisions of such release.

		
			 
		

			
	
			
				 (c)
			Each of Parent and each Subsidiary of Parent agrees that no fact, event, circumstance, evidence or transaction which could now be asserted or which may hereafter be discovered shall affect in any manner the final, absolute and unconditional nature of the release set forth above.

		
			 
		

			
	
			
				 1.
			

			
	
			
			Miscellaneous.

		
			 
		

			
	
			
				 (a)
			Expenses. Each of Parent and each Subsidiary of Parent agrees to pay on demand all costs and expenses of Administrative Agent (including the reasonable fees and expenses of outside counsel for Administrative Agent) in connection with the preparation, negotiation, execution, delivery and administration of this Amendment and all other instruments or documents provided for herein or delivered or to be delivered hereunder or in connection herewith.

		
			 
		

		
			 
		

		
			 
		

			
	
			
				 (b)
			Governing  Law.This Amendment shall be a contract made under and governed by the laws of the province of Ontario, Canada.

		
			 
		

			
	
			
				 (c)
			Counterparts.This Amendment may be executed in any number of counterparts, and by the parties hereto on the same or separate counterparts, and each such counterpart, when executed and delivered, shall be deemed to be an original, but all such counterparts shall together constitute but one and the same Amendment.

		
			 
		

		
			 
		

		
			[Signature page follows]
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		

		

		 

		

			

		

			Signature Page to Twenty-Second Amendment to Credit Agreement

		

		

			Signature Page to Twenty-Second Amendment to Credit Agreement

		

		

 

		 
		

		
			 
		

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

		
			 
		

		
			 
		

		
			DIALOGIC CORPORATION, a British Columbia corporation
		

		
			 
		

		
			 
		

		
			By  /s/ Anthony Housefather
Name: Anthony Housefather
		

		
			Title: EVP, Corporate Affairs and General Counsel
		

		
			 
		

		
			DIALOGIC, INC., a Delaware corporation formerly known as Veraz Networks, Inc.
		

		
			 
		

		
			 
		

		
			By /s/ Anthony Housefather
		

		
			 
		

		
			Name:
		

		
			
		

		 

		

			

		

			Signature Page to Twenty-Second Amendment to Credit Agreement

		

		

			Signature Page to Twenty-Second Amendment to Credit Agreement

		

		

 

		Anthony Housefather
		

		
			 
		

		
			Title: EVP, Corporate Affairs and General Counsel
		

		
			 
		

		
			 
		

		
			WELLS FARGO FOOTHILL CANADA ULC, as
		

		
			Administrative Agent and as a Lender
		

		
			 
		

		
			 
		

		
			By  /s/ Domenic Cosentino  Title Vice President
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		

		

		 

		

			

		

			Signature Page to Twenty-Second Amendment to Credit Agreement

		

		

			Signature Page to Twenty-Second Amendment to Credit Agreement

		

		

 

		 
		

		
			 
		

		
			 
		

		
			CONSENT AND REAFFIRMATION
		

		
			 
		

		
			 
		

		
			Dialogic (US) Inc., formerly known as Dialogic Inc. ("Dialogic US"), Cantata Technology, Inc. ("Cantata"), Dialogic Distribution Limited ("Dialogic Ireland"),  Dialogic Networks (Israel) Ltd. ("Dialogic Israel") and Dialogic do Brasil Comercio de Equipamentos Para Telecomunicacao Ltda., formerly known as Veraz Networks Do Brasil Comercio De Equipamentos Para Telecomunicacao Ltda. ("Dialogic Brazil"; Dialogic US, Cantata, Dialogic Ireland, Dialogic Israel and Dialogic Brazil are each, individually, a "Guarantor" and, collectively, the "Guarantors") each hereby (i) acknowledges receipt of a copy of the foregoing Twenty-Second Amendment to Credit Agreement (the "Amendment"; capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in that certain Credit Agreement dated as of March 5, 2008 (as amended through the date hereof) by and among Dialogic Inc., formerly known as Veraz Networks, Inc., Dialogic Corporation, Wells Fargo Foothill Canada ULC, as administrative agent for the Lenders (in such capacity, "Administrative Agent"), and the lenders from time to time party thereto  (the "Lenders")), (ii) consents to Borrower's  execution and delivery of the Amendment;
		

		
			(iii) agrees to be bound by the Amendment (including without limitation, Sections 5 and 6(a) thereof); (iv) affirms that nothing contained in the Amendment shall modify in any respect whatsoever any Loan Document to which it is a party except as expressly set forth therein; and
		

		
			(v) reaffirms its obligations under each of the other Loan Documents to which it is a party (collectively, the "Reaffirmed Loan Documents"). Although each Guarantor has been informed of the matters set forth herein and has acknowledged and agreed to same, each Guarantor understands that neither Administrative Agent nor the Lenders have any obligation to inform any Guarantor of such matters in the future or to seek any Guarantor's acknowledgment or agreement to future amendments, waivers or consents, and nothing herein shall create such a duty.
		

		
			 
		

		
			The undersigned further agree that after giving effect to the Amendment, each Reaffirmed Loan Document shall remain in full force and effect.
		

		
			 
		

		

		

		 

		

			

		

			Signature Page to Twenty-Second Amendment to Credit Agreement

		

		

			Signature Page to Twenty-Second Amendment to Credit Agreement

		

		

 

		IN WITNESS WHEREOF, each Guarantor  has  executed  this  Consent  and Reaffirmation on and as of the date of the Amendment.
		

		
			 
		

		
			 
		

		
			 
		

		
			DIALOGIC (US) INC.,
		

		
			a Delaware corporation formerly known as Dialogic Inc.
		

		
			 
		

		
			 
		

		
			By: /s/ Anthony Housefather Name:  Anthony Housefather   Title: Secretary  
		

		
			 
		

		
			 
		

		
			CANTATA TECHNOLOGY, INC.,
		

		
			a Massachusetts corporation
		

		
			 
		

		
			 
		

		
			By: /s/ Anthony Housefather Name: Anthony Housefather   Title:     Director  
		

		
			 
		

		
			 
		

		
			DIALOGIC DISTRIBUTION LIMITED
		

		
			(a company organized under the laws of Ireland)
		

		
			 
		

		
			 
		

		
			By: /s/ Anthony Housefather Name: Anthony Housefather
		

		
			Title:     Director 
		

		
			 
		

		
			 
		

		
			SIGNED SEALED AND DELIVERED AS  A DEED
		

		
			 
		

		
			 
		

		
			By /s/ Anthony Housefather the attorney for and on behalf of DIALOGIC DISTRIBUTION LIMITED
		

		
			in the presence of:
		

		
			 
		

		
			Witness: /s/ Stephen Becker Print Name:  Stephen Becker   Print Address: 6700, Chemin de la Cote-de-Liesse
		

		
			Suite 100
		

		
			Saint-Laurent, Quebec H4T 2B5 Canada
		

		
			 
		

		

		

		 

		

			

		

			Signature Page to Consent and Reaffirmation to Twenty-Second Amendment to Credit Agreement

		

		

			Signature Page to Consent and Reaffirmation to Twenty-Second Amendment to Credit Agreement

		

		

 

		DIALOGIC NETWORKS (ISRAEL) LTD.,
		

		
			a limited liability company incorporated under the laws of Israel
		

		
			 
		

		
			 
		

		
			By: /s/ Anthony Housefather
		

		
			 
		

		
			Name:
		

		
			
		

		 

		

			

		

			Signature Page to Consent and Reaffirmation to Twenty-Second Amendment to Credit Agreement

		

		

			Signature Page to Consent and Reaffirmation to Twenty-Second Amendment to Credit Agreement

		

		

 

		Anthony Housefather
		

		
			 
		

		
			Title:     Director 
		

		
			 
		

		
			 
		

		
			DIALOGIC DO BRASIL COMERCIO DE EQUIPAMENTOS PARA TELECOMUNICACAO LTDA., a  limited
		

		
			liability company duly organized and existing under the laws of Brazil, f/k/a Veraz Networks Do Brasil Comercio De Equipamentos Para Telecomunicacao Ltda.
		

		
			 
		

		
			 
		

		
			By: /s/ Anthony Housefather Name: Anthony Housefather   Title: EVP, Corporate Affairs and General Counsel
		

		 

		

			

		

			Signature Page to Consent and Reaffirmation to Twenty-Second Amendment to Credit Agreement

		

		

			Signature Page to Consent and Reaffirmation to Twenty-Second Amendment to Credit Agreement

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