Document:

Form of Non-Employee Directors Restricted Stock Unit Award Agreement

 Exhibit 10.3 
 RESTRICTED STOCK UNIT AWARD AGREEMENT 
 (NON-EMPLOYEE DIRECTORS)

 This RESTRICTED STOCK UNIT AWARD AGREEMENT (the “Agreement”) is made this
            day of            , 2012, by and between CORRECTIONS CORPORATION OF AMERICA, a Maryland corporation (the
“Company”), and                     (the “Recipient”). 
 W I T N E S S E T H: 
 WHEREAS, the Company has adopted the Amended and
Restated 2008 Stock Incentive Plan (the “Plan”), which authorizes the Company to award Restricted Stock Units with respect to its common stock, $0.01 par value per share (the “Common Stock”), to non-employee directors of the
Company and/or its affiliates; and 
 WHEREAS, the Company and Recipient wish to confirm the terms and conditions of an award of
Restricted Stock Units to Recipient on            , 2012 (the “Date of Award”). 
 NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, it is
agreed between the parties hereto as follows: 
 1. Definitions. Except as provided in this Agreement, or unless the
context otherwise requires, the terms used herein shall have the same meaning as in the Plan. 
 2. Award of RSUs. Upon
and subject to the terms, restrictions, limitations and conditions stated herein, the Company hereby grants an award (the “RSU Award”) to Recipient
of                    Restricted Stock Units (“RSUs”). 
 3. Rights; Vesting; Forfeiture. 
 (i) The RSUs may not be sold, assigned,
transferred, pledged or otherwise encumbered or disposed of by Recipient. Any attempted sale, assignment, or transfer of the RSUs shall be void and of no effect, and the Company shall have the right to disregard the same on its books and records.
Within thirty (30) days (with the date of payment selected by the Company in its sole discretion) after the vesting of any of the RSUs in accordance with Section 3(ii) of this Agreement, the Company shall issue to the Recipient one share
of Common Stock for each vested RSU. 
 (ii) Except as further provided in this Section 3(ii) or in the Plan, the RSUs shall
vest on                     , 2013 (the “Vesting Date”), provided that Recipient is a member of the Board of Directors of the Company or an
Affiliate Corporation (the “Board”) at all times following the Date of Award and prior to and on the Vesting Date (the “Vesting Period”). Notwithstanding the foregoing, if during the Vesting Period, (i) Recipient shall die
while in service on the Board, (ii) Recipient shall incur a “disability” (as defined in Section 1.409A-3(i)(4) of the Treasury Regulations) or (iii) there occurs a “change in control event” (as

 
defined in Section 1.409A-3(i)(5) of the Treasury Regulations) (collectively, an “Intervening Full Vesting Event”), then, in any such case, all the RSUs shall (i) become
immediately vested and nonforfeitable (to the extent not previously forfeited) and (ii) shall be awarded to the Recipient within thirty (30) days of the occurrence of the Intervening Full Vesting Event (with the date of payment selected by
the Company in its sole discretion). If the Recipient’s service on the Board is terminated for any other reason during the Vesting Period (an “Intervening Pro Rata Vesting Event”), the Recipient shall receive a pro rata portion of his
RSUs, which portion shall be determined by multiplying the number of RSUs granted under this Agreement by a fraction, the numerator of which is the number of days in Vesting Period through and including the date of the Intervening Pro Rata Vesting
Event, and the denominator of which is the total number of days in the Vesting Period (the “Intervening Pro Rata Vesting Event Formula”). The Company shall settle such RSUs by issuing shares of Common Stock to the Recipient within thirty
(30) days of the occurrence of the Intervening Pro Rata Vesting Event (with the date of payment selected by the Company in its sole discretion). 
 (iii) The Recipient shall not have any voting rights with respect to the RSUs covered by this RSU Award. The Recipient shall, however, be credited with dividend equivalents with respect to the RSUs at the
time of any payment of dividends on shares of Common Stock in accordance with the terms set forth in the Plan and as specified by the Committee in its sole discretion. Dividend equivalents credited with regard to any RSU shall be accumulated and
paid within thirty (30) days (with the date of payment selected by the Company in its sole discretion) of the earlier of, (i) the expiration of the Vesting Period, (ii) the occurrence of an Intervening Full Vesting Event, or
(iii) the occurrence of an Intervening Pro Rata Vesting Event (with the amount of dividend equivalents payable upon the Intervening Pro Rata Vesting Event determined in accordance with the Intervening Pro Rata Vesting Event Formula discussed
above) and, in any case, to the extent the RSUs otherwise vest according to Section 3(i) or (ii) above on such date. 

4. RSUs Subject to Plan. This RSU Award and the issuance of shares of Common Stock in connection therewith shall be subject to,
and the Company and Recipient agree to be bound by, all of the terms and conditions of the Plan (as if fully set out herein), as the same shall be amended from time to time in accordance with the terms thereof. For the avoidance of doubt, the terms
of this Agreement shall control if any inconsistencies exist between the Plan and this Agreement. 
 5. Adjustments. The
Committee shall make equitable and proportionate adjustments in the terms and conditions of, and the criteria included in, this RSU Award in recognition of unusual or nonrecurring events (including, without limitation, the events described in
Section 4.2 of the Plan) affecting the Company, or the financial statements of the Company, or of changes in applicable laws, regulations, or accounting principles. Such adjustments shall be made in accordance with Section 4.2 of the Plan
and Section 409A of the Code, to the extent applicable. 
 6. Governing Law. This Agreement shall be construed,
administered and enforced according to the laws of the State of Maryland, without regard to the conflicts of laws provisions thereof. 

  
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 7. Successors. This Agreement shall be binding upon and inure to the benefits of the
heirs, legal representatives, successors and permitted assigns of the parties. 
 8. Notice. Except as otherwise
specified herein, all notices and other communications under this Agreement shall be in writing and shall be deemed to have been given if personally delivered or if sent by registered or certified United States mail, return receipt requested,
postage prepaid, addressed to the proposed recipient at the last known address of such recipient. Any party may designate any other address to which notices shall be sent by giving notice of such address to the other parties in the same manner
provided herein. 
 9. Severability. In the event that any one or more of the provisions or portion thereof contained in
this Agreement shall for any reason be held to be invalid, illegal or unenforceable in any respect, the same shall not invalidate or otherwise affect any other provisions of this Agreement and this Agreement shall be construed as if such invalid,
illegal or unenforceable provision or portion thereof had never been contained herein. 
 10. Entire Agreement. Subject
to the terms and conditions of the Plan, this Agreement expresses the entire understanding and agreement of the parties hereto with respect to such terms, restrictions and limitations. This Agreement may be executed in two or more counterparts, each
of which shall be deemed an original but all of which shall constitute one and the same instrument. 
 11. Headings.
Section headings used herein are for convenience of reference only and shall not be considered in interpreting this Agreement. 

12. Specific Performance. In the event of any actual or threatened default in, or breach of, any of the terms, conditions and
provisions of this Agreement, the party or parties who are thereby aggrieved shall have the right to specific performance and injunction in addition to any and all other rights and remedies at law or in equity, and all such rights and remedies shall
be cumulative. 
 13. Counterparts. This Agreement may be executed by the signatures of each of the parties hereto, or to
a counterpart of this Agreement, and all such counterparts shall collectively constitute one Agreement. Facsimile signatures shall constitute original signatures for purposes of this Agreement. 

14. No Guarantee of Favorable Tax Treatment. Although the Company shall administer this Agreement so that the RSU Award will be
exempt from, or will be interpreted and comply with, the requirements of Section 409A of the Code, the Company does not warrant that the RSU Award made under this Agreement will qualify for favorable tax treatment under Section 409A of the
Code or any other provision of federal, state, local or foreign law. The Company shall not be liable to the Recipient for any tax, interest, or penalties that Recipient might owe as a result of the RSU Award made under this Agreement. 

  
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 15. Section 409A. Notwithstanding any other provision of this Agreement, to the
extent the award of RSUs hereunder is treated as non-qualified deferred compensation subject to Section 409A of the Code, then (a) no RSU payable upon the Recipient’s termination of service shall be issued, unless Recipient’s
termination of service constitutes a “separation from service” within the meaning of Section 1.409A-1(h) of the Treasury Regulations and (b) if Recipient is deemed at the time of his separation from service to be a
“specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, then to the extent delayed payment of the RSUs to which Recipient is entitled under this Agreement is required in order to avoid a prohibited distribution
under Section 409A(a)(2)(B)(i) of the Code, such RSUs shall not be paid to Recipient prior to the earlier of (x) the expiration of the six-month period measured from the date of the Recipient’s “separation from service” with
the Company (as such term is defined in Section 1.409A-1(h) of the Treasury Regulations) or (y) the date of Recipient’s death. Upon the earlier of such dates, all RSUs deferred pursuant to this paragraph shall be paid in a lump sum to
the Recipient, and any remaining RSUs due under the Agreement shall be paid as otherwise provided herein. The determination of whether the Recipient is a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code as of
the time of his separation from service shall be made by the Company in accordance with the terms of Section 409A of the Code and applicable guidance thereunder (including without limitation Section 1.409A-1(i) of the Treasury Regulations
and any successor provision thereto). 
 IN WITNESS WHEREOF, the parties have executed and sealed this Agreement on the day and
year first set forth above. 
  

			
	CORRECTIONS CORPORATION OF AMERICA
		
	By:	 	 
		
	Title:	 	 
		
	RECIPIENT:	 	
		
	Signature:	 	 
		
	Name (printed):	 	 

  
 4Forbearance Agreement

 Exhibit 10.1 
 FORBEARANCE AGREEMENT 
 This Forbearance Agreement is dated as of
March 13, 2012 (this “Agreement”), by and among DIGITAL RECORDS, INC., a corporation organized under the laws of North Carolina, and TWINVISION OF NORTH AMERICA, INC., a corporation organized under the laws of North Carolina
(collectively, “Borrowers”), DRI CORPORATION, a corporation organized under the laws of the State of North Carolina, as a guarantor (“DRI”), and BHC INTERIM FUNDING III, L.P., a Delaware limited partnership
(“BHC”). 
 W I T N E S S E T H: 

WHEREAS, Borrowers, DRI and BHC (as assignee of PNC Bank, National Association) are parties to that certain Revolving
Credit and Security Agreement dated as of June 30, 2008 (as amended, restated, supplemented or otherwise modified to the date hereof and as further amended, restated, supplemented or otherwise modified from time to time, the “Credit
Agreement”);  
 WHEREAS, Events of Default have occurred and are continuing pursuant to
Section 10.5 of the Credit Agreement as a result of the Loan Parties failing to comply with the financial covenants set forth in Section 6.5(a), (b) and (c) of the Credit Agreement for the period ending December 31, 2011
(such Events of Default, the “Designated Defaults”); 
 WHEREAS, Borrowers have requested that, during
the Forbearance Period (as defined below), BHC forbears from exercising remedies with respect to the Designated Defaults, on the terms and conditions set forth herein; and 
 WHEREAS, BHC has agreed during the Forbearance Period to forbear from exercising remedies with respect to the Designated Defaults, on the terms and conditions set forth herein. 

NOW, THEREFORE, in consideration of the premises set forth above, the terms and conditions contained herein and other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 1.
Capitalized Terms. Each capitalized term used but not defined herein shall have the meaning ascribed to such term in the Credit Agreement. 
 2. Acknowledgment of Defaults and Forbearance. Borrowers and DRI acknowledge and agree that (a) the Designated Defaults have occurred and are continuing and (b) upon the Forbearance
Termination Date (defined below) the forbearance provided under this Section 2 shall terminate and BHC shall have the right to exercise any and all rights and remedies to the extent provided under Article XI of the Credit Agreement or otherwise
under the Other Documents or under applicable law or at equity (collectively, the “Enforcement Actions”) due to such Designated Defaults or any other Default or Event of Default (including all Designated Defaults) that have
occurred or may occur. Subject to the terms and conditions hereof, including, without limitation, the satisfaction of the conditions set forth in Section 13 below, 

 
BHC hereby agrees to forbear from exercising Enforcement Actions (except as otherwise set forth herein) with respect to the Designated Defaults (the “Forbearance Period”)
commencing with the Forbearance Effective Date (as defined below) and ending on the earliest to occur of any of the following (each, a “Termination Event”): (i) the occurrence of a default by
Borrowers of any of their agreements contained under this Agreement; (ii) the occurrence of any Default or Event of Default under the Credit Agreement or any Other Document that does not constitute a Designated Default, or (iii) 12:00 p.m.
(New York time) on March 30, 2012 (the earliest date of occurrence of any Termination Event, the “Forbearance Termination Date”). 
 3. Acknowledgements and Agreements. Borrowers and DRI hereby acknowledge, confirm and agree that: 
 (a) as of the date hereof: (i) the Designated Defaults exist under the Credit Agreement; (ii) no notice of the occurrence of such Designated Defaults under the Credit Agreement was required to be
issued to or received by Borrowers or DRI from BHC or any other Person; and (iii) either no grace period is applicable to cure any of the Designated Defaults or any such grace period has expired; 

(b) on and as of the date hereof, (i) BHC has the right upon termination of the Forbearance Period (A) to accelerate and
declare all or any portion of the Advances and all or any portion of the other Obligations to be immediately due and payable together with accrued interest thereon, (B) to make demand upon Borrowers for the payment in full of all such
indebtedness, and (C) to exercise any and all other remedies available upon the occurrence of a Default or an Event of Default under the Credit Agreement and the Other Documents, and (ii) Borrowers and DRI waive any and all further notice,
presentment, notice of dishonor or demand with respect to the Obligations; 
 (c) the Obligations of Borrowers and DRI to BHC,
except as expressly modified herein, remain in full force and effect, and shall not be released, impaired, diminished or in any other way modified or amended as a result of the execution and delivery of this Agreement or by the agreements and
undertakings of the parties contained herein; 
 (d) as of the date hereof, the security interests and liens granted to BHC
under the Credit Agreement and the Other Documents securing the Obligations are in full force and effect, are properly perfected and are enforceable in accordance with the terms of the Credit Agreement and the Other Documents; and 

(e) from and after the date hereof, the obligation of BHC to make Advances is terminated and BHC may, in its sole discretion, make
Advances requested by Borrowers. 
 4. Covenants of Borrowers and DRI. Notwithstanding anything to the contrary herein or
in any Other Document, Borrowers and DRI hereby agree and acknowledge that: 
 (a) on a weekly basis, Borrowers shall
deliver to BHC a written report that sets forth the financial status of Borrowers and their operations (including, but not limited to a report on the status of the liquidation of any assets (including Equipment) and sales outside the ordinary course
of business of Borrowers); 

  
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 (b) Borrowers shall provide BHC with electronic view access to all of their bank accounts;
and 
 (c) BHC may contact Customers. 
 5. Termination of Forbearance Period. Borrowers and DRI acknowledge and agree that upon the occurrence of the Forbearance Termination Date, (i) the Forbearance Period shall immediately
terminate, without any notice or action of any Person, (ii) the Designated Defaults shall be deemed immediately to exist and be continuing without any notice or action by any Person (and in any event, all Events of Default that are not
Designated Defaults shall be deemed to be continuing at all times), and (iii) BHC shall be entitled to exercise immediately all of its rights and remedies under the Credit Agreement and the Other Documents and under applicable law or at equity,
including any one or more Enforcement Actions. Borrowers and DRI hereby further acknowledge and agree that from and after the Forbearance Termination Date, BHC shall be under no obligation of any kind whatsoever to forbear from exercising any
remedies on account of the Designated Defaults or any other Events of Default (whether similar or dissimilar to the Designated Defaults). 
 6. Default Interest. Notwithstanding anything to the contrary contained in this Agreement or the Credit Agreement, interest at the Default Rate provided for under Section 3.1 of the Credit
Agreement shall be charged retroactively on the Obligations from February 15, 2012 until all Obligations have been paid in full. 
 7. Negative Covenants. Notwithstanding anything to the contrary contained in this Agreement or the Credit Agreement, Borrowers shall not be permitted to take any of the actions set forth in
Section 7.7 or 7.10 of the Credit Agreement. 
 8. Costs, Fees and Expenses. 

(a) Forbearance Fee. Borrowers shall pay a forbearance fee to BHC of $50,000 on the date of this Agreement; provided that,
if the Obligations have not been paid in full on or before the Forbearance Termination Date, then Borrowers shall pay to BHC a further forbearance fee of $100,000 (and for the avoidance of doubt such amount shall be in addition to the $50,000
forbearance fee) on the earlier of (x) April 5, 2012 and (y) the date that all other Obligations have been paid in full or declared due and payable pursuant to the terms of the Other Documents; provided further that Borrowers
shall not be obligated to pay the additional forbearance fee if Borrowers shall have commenced a proceeding under Title 11 of the U.S. Code on or before March 31, 2012. 
 (b) Cost and Expenses. Borrowers hereby reconfirm their obligation pursuant to Section 16.9 of the Credit Agreement, to pay and reimburse BHC for all costs and expenses (including, without
limitation, reasonable attorneys’ fees) in connection with the preparation, reproduction, execution and delivery of this Agreement and all other documents and instruments delivered in connection herewith. 

  
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 9. Acknowledgements. 

(a) Acknowledgement of Obligations. Borrowers and DRI hereby acknowledge, confirm and agree that as of the date hereof, Borrowers
are indebted to BHC for Advances and other financial accommodations under the Credit Agreement and the Other Documents in the principal amount of $2,593,324.19. All such Obligations under the Credit Agreement owing by Borrowers together with
interest accrued and accruing thereon, and all fees, costs, expenses and other charges now or hereafter payable by Borrowers to BHC, are unconditionally owing by Borrowers to BHC, without offset, defense or counterclaim of any kind, nature or
description whatsoever. 
 (b) Binding Effect of Documents. Borrowers and DRI hereby acknowledge, confirm and agree that:
(i) the Credit Agreement and each of the Other Documents to which it is a party have been duly executed and delivered by Borrowers or DRI, as the case may be, and each is in full force and effect as of the Forbearance Effective Date, (ii) the
agreements and obligations of Borrowers and DRI contained in the Credit Agreement, the Other Documents and this Agreement constitute the legal, valid and binding obligations of Borrowers or DRI, as the case may be, enforceable against such parties
in accordance with their respective terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally and by general equitable principles
(whether enforcement is sought by proceedings in equity or at law), and Borrowers and DRI have no valid defense to the enforcement of the obligations under the Credit Agreement and (iii) BHC is and shall be entitled to the rights, remedies and
benefits provided for in the Credit Agreement and the Other Documents and under applicable law or at equity. 
 (c)
Collateral Proceeds. Borrowers and DRI hereby acknowledge that BHC has withdrawn from Blocked Accounts and/or Depository Accounts proceeds of Collateral in an amount equal to $75,000 and hereby agree that BHC shall (i) deduct therefrom
an amount equal to $48,360.54, to be applied to the payment of fees and disbursements incurred by BHC through February 29, 2012 in connection with this Agreement, the Credit Agreement, the Other Documents, the Other Forbearance Agreement (as
defined in Section 14(b) below), the Loan Agreement (as defined in Section 14(b) below) and the other Loan Documents (as defined in the Loan Agreement) (all such agreements and documents, the “Debt
Documents”) and (ii) apply the balance thereof, $26,639.46, toward the deposit described in Section 14(c) below. 
 10. Representations and Warranties. To induce BHC to enter into this Agreement, Borrowers and DRI hereby represent and warrant that: 

(a) The execution, delivery and performance of this Agreement and the performance of the Credit Agreement as modified by this Agreement
(the “Amended Credit Agreement”) by Borrowers and DRI: (i) are within their respective organizational power; (ii) have been duly authorized by all necessary or proper organizational action; (iii) does not

  
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contravene any provision of their respective organizational documents; (iv) does not violate any law or regulation, or any order or decree of any court or governmental authority; (v) does not
conflict with or result in the breach or termination of, constitute a default under or accelerate or permit the acceleration of any performance required by, any indenture, mortgage, deed of trust, lease, or other material agreement or other
instrument to which they are a party or by which they or any of their respective properties are bound; (vi) does not result in the creation or imposition of any Lien upon any of the property of Borrowers or DRI; and (vii) does not require the
consent or approval of any governmental authority or any other Person; 
 (b) This Agreement has been duly executed and
delivered by or on behalf of Borrowers and DRI; 
 (c) Each of this Agreement, the Amended Credit Agreement and the Other
Documents constitutes a legal, valid and binding obligation of Borrowers and DRI, enforceable against Borrowers and DRI in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization,
moratorium or similar laws affecting creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law); 
 (d) No Default or Event of Default has occurred and is continuing after giving effect to this Agreement other than the Designated Defaults; 

(e) Except as previously disclosed to BHC, no litigation or investigation is pending or, to the knowledge of Borrowers or DRI, threatened
by or against Borrowers or DRI or against their respective properties or revenues; 
 (f) After giving effect to this Agreement,
the representations and warranties of Borrower contained in the Amended Credit Agreement and each Other Document are true and correct in all material respects on and as of the Forbearance Effective Date with the same effect as if such
representations and warranties had been made on and as of such date, or, to the extent such representations and warranties expressly relate to an earlier date, on and as of such earlier date. 

11. Reservation of Rights. Borrowers and DRI acknowledge and agree that BHC (i) has not acquiesced to any noncompliance by
Borrowers with the exact terms of the Credit Agreement relating to any Default or Event of Default (other than the forbearance regarding the Designated Defaults granted herein during the Forbearance Period), (ii) intend to strictly enforce the
terms of the Credit Agreement and the Other Documents, in the exercise of its sole and absolute discretion (other than the forbearance regarding the Designated Defaults granted herein during the Forbearance Period), and (iii) hereby reserve all
rights, powers and remedies under the Credit Agreement and the Other Documents with respect to the Designated Defaults (upon termination of the Forbearance Period) and any other noncompliance with the terms of the Credit Agreement or any of the
Other Documents, including any Default or Event of Default that is not a Designated Default. In no event shall the BHC’s honoring of any requests or making of any Advances be deemed a waiver of any Designated Default or any other Default or
Event of Default or any other noncompliance with the terms of the Credit Agreement or any of the Other Documents that have occurred or as hereafter may occur. 

  
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 12. Release. Borrowers and DRI hereby release, acquit and forever discharge BHC and
each of and every past and present affiliates, officer, director, agent, servant, employee, representative and attorney of BHCs from any and all claims, causes of action, suits, debts, liens, obligations, liabilities, demands, losses, costs and
expenses (including attorneys’ fees) of any kind, character, or nature whatsoever, known or unknown, fixed or contingent, which Borrowers or DRI may have or claim to have now or which may hereafter arise out of or connected with any act of
commission or omission of BHC existing or occurring prior to the date of this Agreement or any instrument executed prior to the date of this Agreement including, without limitation, any claims, liabilities or obligations arising with respect to the
Credit Agreement or the other of the Other Documents. The provisions of this Section 12 shall be binding upon Borrowers and DRI and shall inure to the benefit of BHC and each of and every past and present affiliates, officer, director, agent,
servant, employee, representative and attorney of BHC. 
 13. Limitations. Except for the forbearance and modifications
expressly set forth herein, the Credit Agreement and the Other Documents shall remain unchanged and in full force and effect and BHC expressly reserve the right to require strict compliance with the terms of the Credit Agreement and the Other
Documents. The forbearance and modifications contained herein are limited to the precise terms hereof, and BHC is not obligated to consider or consent to any additional request by Borrowers or DRI for any other forbearance or amendment with respect
to the Credit Agreement. 
 14. Conditions to Effectiveness of this Agreement. This Agreement shall be deemed effective
as of the date hereof (the “Forbearance Effective Date”) provided that all the following conditions have been satisfied, as determined in BHC’s sole discretion: 

(a) BHC shall have received, in form and substance satisfactory to BHC, duly executed counterparts of this Agreement from Borrowers and
DRI; 
 (b) BHC shall have received, in form and substance satisfactory to BHC, that certain Forbearance Agreement is dated as
of March 13, 2012 (the “Other Forbearance Agreement”) by and among Borrowers, DRI and BHC with respect to that certain Loan and Security Agreement dated as of June 30, 2008 (as amended, restated, supplemented
or otherwise modified to the date hereof and as further amended, restated, supplemented or otherwise modified from time to time, the “Loan Agreement”) among Borrowers, DRI and BHC, duly executed and delivered by the
parties thereto and in full force and effect; and 
 (c) BHC shall have received (i) the $50,000 forbearance fee required
to be paid pursuant to Section 8(a) above and (ii) a deposit of $60,000 to be applied by BHC to all out-of-pocket costs and expenses, including counsel and other professional fees and disbursements, incurred in connection with the Debt
Documents (it being acknowledged that BHC shall apply the amount described in clause (ii) of Section 9(c) above toward such deposit and Borrowers shall pay the balance thereof to BHC); provided that, in the event Borrowers

  
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commence a proceeding under Title 11 of the U.S. Code on or before March 31, 2012, the amount of such deposit that exceeds the out-of-pocket costs and expenses, including counsel and other
professional fees and disbursements, incurred in connection with the Debt Documents up to and including the date such proceeding is commenced shall be credited against any expense deposit required in connection with DIP Financing offered by BHC in
connection with such proceeding; and 
 (d) the representations and warranties made or deemed made by Borrowers under this
Agreement shall be true and correct. 
 15. Effect on the Other Documents. 

(a) The Credit Agreement and each of the Other Documents shall be and remain in full force and effect in accordance with their respective
terms (except as expressly modified hereby) and hereby are ratified and confirmed in all respects. The execution, delivery, and performance of this Agreement shall not operate, except as expressly set forth herein, as a modification or waiver of any
right, power, or remedy of BHC under the Credit Agreement or any Other Document. The modifications herein are limited to the specifics hereof, shall not apply with respect to any facts or occurrences other than those on which the same are based,
shall not excuse future non-compliance with the Credit Agreement or the Other Documents, and shall not operate as a consent to any further or other matter under the Credit Agreement or the Other Documents. 

(b) Upon and after the effectiveness of this Agreement, each reference in the Credit Agreement to “this Agreement,”
“hereunder,” “herein,” “hereof” or words of like import referring to the Credit Agreement, and each reference in the Other Documents to “the Credit Agreement,” “thereunder,” “therein,”
“thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement as modified hereby. 
 (c) To the extent that any terms and conditions in any of the Other Documents shall contradict or be in conflict with any terms or conditions of the Credit Agreement, after giving effect to this
Agreement, such terms and conditions are hereby deemed modified or amended accordingly to reflect the terms and conditions of the Credit Agreement as modified hereby. 
 16. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York, without reference to the conflicts or choice of law principles thereof.

 17. Credit Document. This Agreement shall be deemed to be an Other Document for all purposes. 

18. Integration. This Agreement (together with the Credit Agreement and the Other Documents (each as amended, supplemented or
otherwise modified from time to time)) sets forth in full the terms of agreement between the parties and is intended as the full, complete and 

  
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exclusive contract governing the relationship between the parties with respect to the transactions contemplated herein, superseding all other discussions, promises, representations, warranties,
agreements and understandings, whether written or oral, between the parties with respect thereto. 
 19. Severability.
Wherever possible, each provision of this Agreement shall be interpreted in such a manner as to be effective and valid under applicable law, but if any provision of this Agreement shall be prohibited by or invalid under applicable law, such
provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Agreement. 

20. Counterparts. This Agreement may be executed by one or more of the parties hereto on any number of separate counterparts, each
of which shall be deemed an original and all of which, taken together, shall be deemed to constitute one and the same instrument. Delivery of an executed counterpart of this Agreement by facsimile transmission or electronic mail shall be as
effective as delivery of a manually executed counterpart hereof. 
 [Signature pages follow] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused their respective duly authorized officers
or representatives to execute and deliver this Agreement as of the day and year first written above. 
  

			
	DIGITAL RECORDS, INC.,
		
	By:	 	 /s/ David L. Turney

		 	David L. Turney
		 	CEO, President
	
	TWINVISION OF NORTH AMERICA, INC.
		
	By:	 	 /s/ David L. Turney

		 	David L. Turney
		 	CEO, President
	
	DRI CORPORATION
		
	By:	 	 /s/ David L. Turney

		 	David L. Turney
		 	CEO, President
	
	BHC INTERIM FUNDING III, L.P.
		
	By:	 	BHC Interim Funding Management III, L.P., its General Partner
	By:	 	BHC Investors III, L.L.C., its Managing Member
	By:	 	GHH Holdings III, L.L.C.
		
	By:	 	 /s/ Gerald H. Houghton

		 	Gerald H. Houghton
		 	Managing Member

 [Forbearance Agreement – BHC Credit Agreement]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00201-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00201-of-00352.parquet"}]]