Document:

SECOND AMENDMENT TO

TECHNOLOGY LICENSE & DISTRIBUTION
AGREEMENT

From WINDAUS ENERGY, INC.

In Favor Of NATIVE AMERICAN ENERGY GROUP

Dated FEBRUARY 17, 2007

 

THIS Second Amendment to the Technology
License & Distribution Agreement is entered into as of April 25, 2012 between WINDAUS ENERGY, INC. (“Sub-Licensor”)
and WINDAUS GLOBAL ENERGY, INC. (“Patent Owner”), two corporations organized under the laws of Ontario, Canada and
both located at 205 Oakhill Drive, Brantford, Ontario N3T 5L7, CANADA and NATIVE AMERICAN ENERGY GROUP, INC., a Delaware corporation
located at 108-18 Queens Blvd., Suite 901, Forest Hills, NY 11375, (“NAEG” or "Licensee”).

 

RECITALS

 

WHEREAS, NAEG and Sub-Licensor entered
a Technology License & Distribution Agreement from Sub-Licensor in favor of Licensee dated Feb 17, 2007, hereinafter
referred to as the “TLDA”, and

 

WHEREAS, the TLDA provided for license
& distribution rights only for all lands within the state of New York and U.S. Indian lands and reservations with boundaries
established by treaty, statute, and/or executive or court order, and recognized by the U.S. federal government as territory in
which American Indian tribes and U.S. federally recognized tribes have jurisdiction which include Rancherias, Pueblos, Indian Colonies,
Alaska Native Villages and owned by Alaska Native corporations, all of which were listed on Exhibit A to the TLDA (“U.S.
Indian Lands”);

 

WHEREAS, Sub-Licensor and Licensee
amended the TLDA by executing an amendment to the TLDA on March 8, 2010 whereby the Licensee’s territory and license fees
were modified as follows: Territory was increased to cover the entire United States with exclusive manufacturing rights throughout
the Territory in exchange for two million (2,000,000) shares of NAEG’s common stock and a cash commitment of $500,000; (“First
Amendment”);

 

WHEREAS, Patent Owner is the exclusive
distributor of the entire right, title, and interest in and to U.S. and Foreign Patents and Patent Applications involving the Technology
embodied the United States Patent Application Number 11/199/172 and International Patent Application Number PCT/CA/2005/001237;

 

WHEREAS, Patent Owner was formerly
known as “1592834 Ontario Inc.” and is referred to in the TLDA as “Owner” as defined in Section
1.2 of the TLDA;

 

WHEREAS, Patent Owner is also the
Master Licensor of the technology and together with Sub-Licensor wishes to modify the TLDA whereby the terms modified in the First
Amendment would essentially revert back to the original TLDA including Licensee relinquishing all manufacturing rights granted
to Licensee in the First Amendment along with the modifications specified below (“Second Amendment”);

 

    	1-Page

    	 

    

 

WHEREAS, per the modification to
the territory covered under the TLDA and the First Amendment, it will reduce the territory by approximately 95% leaving Licensee
only with distribution rights for all Indian Lands as specified in Exhibit A of the TLDA;

 

WHEREAS, per the modification described
above, Licensor and Patent Owner agree to adjust the License Fee in shares and in cash as follows: decrease the amount of shares
from 2,000,000 shares to 100,000 shares (95% less) and the cash portion of the fee being reduced from $500,000 to $100,000 of which
$30,500 has already been paid as of the date of this Second Amendment leaving a balance of $69,500;

 

WHEREAS, Patent Owner and Sub-Licensor
have agreed to return the two million shares issued on March 25, 2010 back to the Licensee in exchange for Licensee issuing 100,000
shares of its common stock in the name of Patent Owner;

WHEREAS, Licensee, Patent Owner and Sub-Licensor have agreed to the terms of a Second Amendment to the TLDA, essentially
resulting in the modification of only two sections of the TLDA, specifically: “Section 1.2 – Territory”
and “Section 2.4 - License Fee”;

 

WHEREAS, Licensee, Patent Owner
and Sub-Licensor agree that other than the amendments detailed below, there are no modifications to any other section, provision
or covenant of the TLDA and all such sections, provisions and covenants will remain in full force and effect unless amended by
both parties in writing; and

 

NOW THEREFORE, in consideration
of the foregoing representations, recitals, mutual covenants and conditions set forth herein, and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, Licensee, Patent Owner and Sub-Licensor agree to restate the following
two sections of the TLDA as follows:

 

		1.	Page 8 – Section 1.2 titled TERRITORY is to be restated as follows: 

1.2  “Territory” means all U.S. Indian lands and reservations with boundaries established by treaty,
statute, and/or executive or court order, and recognized by the U.S. federal government as territory in which American Indian tribes
and U.S. federally recognized tribes have jurisdiction which include Rancherias, Pueblos, Indian Colonies, Alaska Native Villages
and owned by Alaska Native corporations. A list of all U.S. federally recognized tribes, native corporations, villages, associations
and bands for purposes of this License Agreement is hereby attached to this Agreement as Exhibit A.

 

		2.	Page 10 – Section 2.4 titled LICENSE FEE is to be restated as follows: 

 

2.4  License Fee. $100,000 and
100,000 common shares of the Licensee in addition to the original license fee of $30,000 and the 20,000,000 shares of common stock
of the Licensee (now equaling 2,000 shares on split-adjusted basis) remitted in 2007 and 2009, respectively.

 

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5.Counterparts.
This Agreement may be executed in multiple counterparts, each of which shall be deemed an original instrument and which shall
have the same force and effect as the original instrument, and all of which shall constitute one and the same agreement.

 

IN WITNESS WHEREOF, the duly authorized
representatives of the parties have executed this Second Amendment as of the Second Amendment Execution Date hereinabove mentioned.

 

 

 

 

 

/s/
Judy Deschamps                                   

	WINDAUS GLOBAL ENERGY INC.	Corporate Seal

By:
Judy Deschamps, President

 

 

 

 

/s/
Timothy Winters                                                              

	WINDAUS ENERGY, INC.	Corporate Seal

By:
Timothy Winters, President

 

 

 

/s/
Joseph G. D’Arrigo                                 

	NATIVE AMERICAN ENERGY GROUP, INC.	Corporate Seal

By:
Joseph G. D’Arrigo, President

    	3-PageFIRST AMENDMENT TO CREDIT AGREEMENT

 

This FIRST AMENDMENT
TO CREDIT AGREEMENT (this “Amendment”) is entered into as of April 20, 2012 (the “First Amendment Effective
Date”) among INNERWORKINGS, INC., a Delaware corporation (the “Borrower”), the Lenders party hereto
and BANK OF AMERICA, N.A., as Administrative Agent for the Lenders (the “Administrative Agent”), Swing Line
Lender and L/C Issuer. Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Credit
Agreement (as defined below).

 

RECITALS

 

WHEREAS, the Borrower,
the Lenders and the Administrative Agent are parties to that certain Credit Agreement dated as of August 2, 2010 (as previously
amended and modified from time to time, the “Credit Agreement”);

 

WHEREAS, the Borrower
is requesting that the Lenders modify certain provisions of the Credit Agreement; and

 

WHEREAS, the Administrative
Agent, Swing Line Lender, L/C Issuer and the Lenders have agreed to amend certain terms of the Credit Agreement on the terms, and
subject to the conditions, set forth below.

 

NOW THEREFORE, for
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

AGREEMENT

 

1.                 
Amendments to Credit Agreement.

 

(a)               
Recitals. The second sentence of the introductory recitals to the Credit Agreement is hereby amended to read as follows:

 

The Borrower
has requested that the Lenders provide $150,000,000 in credit facilities for the purposes set forth herein, and the Lenders are
willing to do so on the terms and conditions set forth herein.

(b)              
Section 1.01.

 

		 	                     
                                                                                                                            (1)            The following definitions in Section 1.01 of the Credit Agreement are hereby amended to read as
                                                                                                                            follows:

 

“Aggregate
Revolving Commitments” means the Revolving Commitments of all the Lenders. The initial amount of the Aggregate Revolving
Commitments in effect on the First Amendment Effective Date is $150,000,000.

 

“Attributable
Debt” of any Person means (i) as of the date of determination thereof, with respect to any synthetic lease, tax retention
operating lease, off-balance sheet loan or similar off-balance sheet financing product to which such Person is a party (including,
without limitation, all Off-Balance Sheet Liabilities), the net present value (discounted according to GAAP at the cost of debt
implied in such financing product) of the obligations of such Person for rental payments, interest and principal payments, or other
similar periodic payments during the then remaining term of such synthetic lease, tax retention operating lease, off-balance sheet
loan or similar off-balance sheet financing product (including, without limitation, all Off-Balance Sheet Liabilities) and (ii)
in respect of any Permitted Securitization Transaction of such Person, the outstanding principal amount of such financing, after
taking into account reserve accounts and making appropriate adjustments, determined by the Administrative Agent in its reasonable
judgment.

    	 

    	 

    

 

“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; provided that notwithstanding anything herein to the contrary,
(i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder
or issued in connection therewith and (ii) all requests, rules, guidelines or directives promulgated by the Bank for International
Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign
regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change in Law”, regardless
of the date enacted, adopted or issued.

 

“Guarantors”
means each Material Domestic Subsidiary of the Borrower identified as a “Guarantor” on the signature pages hereto and
each other Material Domestic Subsidiary that joins as a Guarantor pursuant to Section 7.09 or otherwise, together with their
successors and permitted assigns. Notwithstanding anything to the contrary in this Agreement, an SPV for a Permitted Securitization
Transaction shall not be required to become a Guarantor.

 

“Indebtedness”
of any Person means, without duplication, (a) all obligations of such Person for borrowed money or with respect to deposits or
advances of any kind, (b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, (c) all
obligations of such Person upon which interest charges are customarily paid, (d) all obligations of such Person under conditional
sale or other title retention agreements relating to property acquired by such Person, (e) all obligations of such Person in respect
of the deferred purchase price of property or services (excluding current accounts payable incurred in the ordinary course of business),
(f) all Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise,
to be secured by) any Lien on property owned or acquired by such Person, whether or not the Indebtedness secured thereby has been
assumed; provided that if such Person has not assumed or otherwise become liable for such Indebtedness, such Indebtedness
shall be measured at the lower of the outstanding amount of such Indebtedness and the fair market value of such property securing
such Indebtedness, in each case, at the time of determination, (g) all Guarantees by such Person of Indebtedness of others, (h)
all Attributable Debt in respect of Off-Balance Sheet Liabilities of such Person, (i) all Capital Lease Obligations of such Person,
(j) all obligations, contingent or otherwise, of such Person as an account party in respect of letters of credit and letters of
guaranty, (k) all obligations, contingent or otherwise, of such Person in respect of bankers’ acceptances, (l) net obligations
of such Person under Swap Contracts, (m) all earn-out obligations of such Person to the extent treated as Indebtedness under GAAP,
(n) all Attributable Debt of such Person under Sale and Leaseback Transactions and (o) all Attributable Debt of such Person under
Securitization Transactions. The Indebtedness of any Person shall include the Indebtedness of any other entity (including any partnership
in which such Person is a general partner) to the extent such Person is liable therefor as a result of such Person’s ownership
interest in or other relationship with such entity, except to the extent the terms of such Indebtedness provide that such Person
is not liable therefor. 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.

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“Maturity
Date” means August 2, 2015; provided, however, that if such date is not a Business Day, the Maturity Date
shall be the next preceding Business Day.

 

		 	                 
(ii)          The following definitions are added in appropriate alphabetical
order to Section 1.01 of the Credit Agreement:

 

“Eligible
Receivables” means, as of any date of determination and without duplication, the aggregate book value of all accounts
receivable, receivables, and obligations for payment created or arising from the sale of inventory or the rendering of services
in the ordinary course of business (collectively, the “Receivables”), owned by or owing to an Loan Party (or
that have been sold by a Loan Party to an SPV under a Permitted Securitization Transaction and are owned by or owing to such SPV;
provided that the Administrative Agent for the benefit of the holders of the Obligations has a first-priority perfected
security interest in all Equity Interests of such SPV), net of allowances and reserves for doubtful or uncollectible accounts and
sales adjustments consistent with such Person’s internal policies and in any event in accordance with GAAP, but excluding
in any event (i) any Receivable (other than, in the case of the following subclause (a), any such Receivable that has been sold
by a Loan Party to an SPV under a Permitted Securitization Transaction and is owned by or owing to such SPV; provided that
the Administrative Agent for the benefit of the holders of the Obligations has a first-priority perfected security interest in
all Equity Interests of such SPV) which is (a) not subject to a perfected, first priority Lien in favor for the Administrative
Agent to secure the Obligations or (b) subject to any other Lien that is not a Permitted Lien, (ii) Receivables which are more
than 60 days past due (net of reserves for bad debts in connection with any such Receivables), (iii) 50% of the book value of any
Receivable not otherwise excluded by clause (ii) above but owing from an account debtor which is the account debtor on any existing
Receivable then excluded by such clause (ii), unless the exclusion by such clause (ii) is a result of a legitimate dispute by the
account debtor and the applicable Receivable is no more than 90 days past due, (iv) Receivables owing by an account debtor which
is not solvent or is subject to any bankruptcy or insolvency proceeding of any kind, (v) Receivables which are contingent or subject
to offset, deduction, counterclaim, dispute or other defense to payment, in each case to the extent of such offset, deduction,
counterclaim, dispute or other defense, (vi) Receivables for which any direct or indirect Subsidiary or any Affiliate is the account
debtor, (vii) Receivables representing a sale to the government of the United States or any subdivision thereof unless the Federal
Assignment of Claims Act has been complied with to the satisfaction of the Administrative Agent with respect to the granting of
a security interest in such Receivable, with or other similar applicable Law, and (viii) Receivables which fail to meet such other
specifications and requirements as may from time to time be established by the Agent in its reasonable discretion. Notwithstanding
the forgoing, for purposes of this Agreement, Receivables owing from account debtors located outside of the United States shall
not constitute more than 20% of Eligible Receivables.

    	3

    	 

    
 

“Eligible
Receivables Report” means a report substantially in the form of Exhibit 1.01.

 

“First
Amendment Effective Date” means April 20, 2012.

 

“Permitted
Securitization Transaction” means a Securitization Transaction pursuant to terms and documentation satisfactory to the
Required Lenders that is entered into at a time where (i) the Consolidated Leverage Ratio, as of the last day of each of the two
most recently ended four fiscal quarter periods for which financial information has been delivered pursuant to Section 7.01
did not exceed 2.0 to 1.0, and (ii) Consolidated EBITDA for each of the two most recently ended four fiscal quarter periods for
which financial information has been delivered pursuant to Section 7.01 is at least $60,000,000.

 

“Securitization
Transaction” means any financing transaction or series of financing transactions (including factoring arrangements) pursuant
to which the Borrower or any Subsidiary may sell, convey or otherwise transfer, or grant a security interest in, accounts receivables
or similar rights to payment to a special purpose Subsidiary or Affiliate of the Borrower (each, an “SPV”).

 

“SPV”
has the meaning specified in the definition of “Securitization Transaction” set forth in Section 1.01.

 

		 	(iii)           
The pricing grid in the definition of “Applicable Rate” in Section 1.01 of the Credit Agreement is hereby
amended to read as follows:

 

	Pricing Tier	
        Consolidated

        Leverage Ratio
	Commitment Fee	Eurodollar Rate Loans and Letter of Credit Fees	Base Rate Loans
	1	> 2.25 to 1.0	0.400%	2.15%	1.15%
	2	> 2.00 to 1.0 but < 2.25 to 1.0	0.375%	1.90%	0.90%
	3	> 1.75 to 1.0 but < 2.00 to 1.0	0.350%	1.65%	0.65%
	4	> 1.50 to 1.0 but < 1.75 to 1.0	0.350%	1.40%	0.40%
	5	< 1.50 to 1.0	0.350%	1.15%	0.15%

 

		 	(iv)           
The last sentence in the definition of “Applicable Rate” in Section 1.01 of the Credit Agreement is hereby
amended to read as follows:

 

The Applicable Rate in effect
from the First Amendment Effective Date through the first Business Day immediately following the date a Compliance Certificate
is required to be delivered pursuant to Section 7.01(c) for the fiscal quarter ending March 31, 2012 shall be determined
based upon Pricing Tier 4.

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(c)               
Section 2.01. Clause (i) of Section 2.01(b) of the Credit Agreement is hereby amended to read as follows:

 

(i)the
Aggregate Revolving Commitments shall not exceed $175,000,000 without the consent of the Required Lenders;

 

(d)              
Section 2.05. Section 2.05(b) of the Credit Agreement is hereby amended to read as follows:

 

(b)Mandatory
Prepayments. If for any reason either (i) the Total Revolving Outstandings at any time exceed the Aggregate Revolving Commitments
then in effect or (ii) if any Permitted Securitization Transaction exists, the sum of (A) the Total Revolving Outstandings plus
(B) the outstanding obligations under such Permitted Securitization Transaction at any time exceeds an amount equal to 1.5 times
Eligible Receivables (as determined by reference to the most-recent Eligible Receivables Report), then, in each case, the Borrower
shall immediately prepay Revolving Loans and/or Swing Line 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 2.05(b) unless after the prepayment in full of the Revolving Loans and Swing Line
Loans the Total Revolving Outstandings exceed the Aggregate Revolving Commitments then in effect. All amounts required to be paid
pursuant to this Section 2.05(b) shall be applied as follows: first, ratably to the L/C Borrowings and the Swing
Line Loans, second, to the outstanding Revolving Loans, and, third, to Cash Collateralize the remaining L/C Obligations.
Within the parameters of the applications set forth above, prepayments shall be applied first to Base Rate Loans and then to Eurodollar
Rate Loans in direct order of Interest Period maturities. All prepayments under this Section 2.05(b) shall be subject to
Section 3.05, but otherwise without premium or penalty, and shall be accompanied by interest on the principal amount prepaid
through the date of prepayment.

 

(e)               
Section 6.18. All references to “Closing Date” appearing in Section 6.18 of the Credit Agreement are
deleted and replaced with references to “First Amendment Effective Date.”

 

(f)               
Section 7.01. Section 7.01 of the Credit Agreement is amended by deleting the “and” at the end
of clause (e), renumbering clause (f) to be clause (g), and adding a new clause (f) as follows:

 

(f)during
such times as any Permitted Securitization Transaction exists, as soon as available, but in any event not later than fifteen days
after the end of each month, an Eligible Receivables Report as of the last day of the most recently ended month;

 

(g)               
Section 8.01. Section 8.01 of the Credit Agreement is amended by deleting the “and” at the end
of clause (l), replacing the period at the end of clause (m) with “; and” and adding a new clause (n) to read as follows:

 

(n)non-recourse Indebtedness
arising under Permitted Securitization Transactions in an aggregate amount not to exceed $50,000,000 at any one time outstanding;

    	5

    	 

    
 

(h)              
Section 8.02. Section 8.02 of the Credit Agreement is amended by deleting the “and” at the end of clause
(g), renumbering clause (h) to be clause (i), and adding a new clause (h) as follows:

 

(h)Liens
created or deemed to exist in connection with any Permitted Securitization Transaction permitted under Section 8.01(n),
but only to the extent that any such Lien encumbers the applicable assets actually sold, contributed or otherwise conveyed pursuant
to such Permitted Securitization Transaction;

 

(i)                
Section 8.03. Section 8.03(a) of the Credit Agreement is amended by deleting the “and” at the end of
clause (iv), renumbering clause (v) as clause (vi), and adding a new clause (v) to read as follows:

 

(v) the
sale of accounts receivable and related assets under any Permitted Securitization Transaction in an aggregate amount not exceed
$50,000,000 during the term of this Agreement;

 

(j)                
Section 8.11(b). Section 8.11(b) of the Credit Agreement is hereby amended to read as follows:

 

(b)Consolidated
Leverage Ratio. Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than
3.00 to 1.0 (or, if a Permitted Securitization exists at such time, 2.75 to 1.0).

 

	 	(k)	Schedule 2.01. Schedule 2.01 to the Credit Agreement is hereby deleted and replaced with Schedule 2.01 attached hereto.
	 	 	 
	 	(l)	Schedule 6.01. Schedule 6.01 to the Credit Agreement is hereby deleted and replaced with Schedule 6.01 attached hereto.
	 	 	 
	 	(m)	Schedule 6.18(a). Schedule 6.18(a) to the Credit Agreement is hereby deleted and replaced with Schedule 6.18(a) attached hereto.
	 	 	 
	 	(n)	Schedule 6.18(b). Schedule 6.18(b) to the Credit Agreement is hereby deleted and replaced with Schedule 6.18(b) attached hereto.
	 	 	 
	 	(o)	Schedule 6.18(c). Schedule 6.18(c) to the Credit Agreement is hereby deleted and replaced with Schedule 6.18(c) attached hereto.
	 	 	 
	 	(p)	Schedule 6.18(d). Schedule 6.18(d) to the Credit Agreement is hereby deleted and replaced with Schedule 6.18(d) attached hereto.
	 	 	 
	 	(q)	Schedule 6.18(e). Schedule 6.18(e) to the Credit Agreement is hereby deleted and replaced with Schedule 6.18(e) attached hereto.
	 	 	 
	 	(r)	Exhibit 1.01. A new Exhibit 1.01 to the Credit Agreement in the form of Exhibit 1.01 attached hereto is hereby added to the Credit Agreement.
	 	 	 
	 	(s)	JPMorgan Chase Bank, N.A. and PNC Bank, National Association shall each have the title of “Co-Syndication Agent.”

 

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2.                 
Effectiveness; Conditions Precedent. This Amendment shall become effective upon satisfaction of the following conditions
precedent:

 

(a)               
Execution of Counterparts of Amendment. The Administrative Agent shall have received counterparts of this Amendment,
which collectively shall have been duly executed on behalf of each of the Loan Parties, the Administrative Agent, the L/C Issuer
and the Lenders.

 

(b)              
Opinions of Counsel. The Administrative Agent shall have received favorable opinions of legal counsel to the Loan
Parties, addressed to the Administrative Agent and each Lender, dated as of the date hereof, and in form and substance reasonably
satisfactory to the Administrative Agent.

 

(c)               
No Material Adverse Effect. There shall not have occurred, since March 31, 2011, any event or condition that could
reasonably be expected to have Material Adverse Effect.

 

(d)              
Organization Documents, Resolutions, Etc. Receipt by the Administrative Agent of the following, in form and substance
reasonably satisfactory to the Administrative Agent:

 

		 	(i)           
copies of the Organization Documents of each Loan Party certified to be true and complete as of a recent date by the appropriate
Governmental Authority of the state or other jurisdiction of its incorporation or organization, where applicable, and certified
by a secretary or assistant secretary of such Loan Party to be true and correct as of the Closing Date;

 

		 	(ii)           
such certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers
of each Loan Party as the Administrative Agent may require evidencing the identity, authority and capacity of each Responsible
Officer thereof authorized to act as a Responsible Officer in connection with this Agreement and the other Loan Documents to which
such Loan Party is a party; and

 

		 	(iii)           
such documents and certifications as the Administrative Agent may reasonably require to evidence that each Loan Party is
duly organized or formed, and is validly existing, in good standing and qualified to engage in business in its state of organization
or formation.

 

(e)               
Security. The Administrative Agent shall have received the following:

 

		 	(i)           
UCC financing statements for each appropriate jurisdiction as is necessary, in the Administrative Agent’s sole discretion,
to perfect the Administrative Agent’s security interest in the Collateral;

 

		 	(ii)           
duly executed notices of grant of security interest in the form required by the Security Agreement as are necessary, in
the Administrative Agent’s sole discretion, to perfect the Administrative Agent’s security interest in the United States
registered intellectual property of the Loan Parties; and

 

		 	(iii)           
all certificates evidencing any certificated Equity Interests pledged to the Administrative Agent pursuant to the Security
Agreement, together with duly executed in blank, undated stock powers attached thereto (unless, with respect to the pledged Equity
Interests of any Foreign Subsidiary, such stock powers are deemed unnecessary by the Administrative Agent in its reasonable discretion
under the law of the jurisdiction of organization of such Person) unless the Subsidiary whose Equity Interests are pledged has
been dissolved.

 

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(f)               
Lender/Administrative Agent Fees. The Borrower shall have paid (i) to the Administrative Agent, for the account of
each Lender, all agreed upfront fees due and payable to such Persons on the date hereof and (ii) to the Administrative Agent, all
fees due and payable to the Administrative Agent on the date hereof.

 

(g)               
Attorney Costs. The Borrower shall have paid all fees, charges and disbursements of counsel to the Administrative
Agent (“Attorney Costs”) to the extent invoiced prior to or on the First Amendment Effective Date, plus such additional
amounts of Attorney Costs as shall constitute its reasonable estimate of Attorney Costs 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 Administrative Agent).

 

(h)              
Other. The Administrative Agent and the Lenders shall have received such other documents, instruments, agreements
and information as reasonably requested by the Administrative Agent or any Lender.

 

Without limiting
the generality of the provisions of Section 10.03 of the Credit Agreement, for purposes of determining compliance with
the conditions specified in this Section 2, each Lender that has signed this Amendment shall be deemed to have consented to, approved
or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable
or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the date hereof
specifying its objection thereto.

 

3.                 
Ratification of Credit Agreement. The term “Credit Agreement” as used in each of the Loan Documents shall
hereafter mean the Credit Agreement as amended and modified by this Amendment. Except as herein specifically agreed, the Credit
Agreement, as amended by this Amendment, is hereby ratified and confirmed and shall remain in full force and effect according to
its terms. The Loan Parties acknowledge and consent to the modifications set forth herein and agree that this Amendment does not
impair, reduce or limit any of their obligations under the Loan Documents (including, without limitation, the indemnity obligations
set forth therein) and that, after the date hereof, this Amendment shall constitute a Loan Document. Notwithstanding anything herein
to the contrary and without limiting the foregoing, each of the Guarantors reaffirm their guaranty obligations set forth in the
Loan Agreement.

 

4.                 
Authority/Enforceability. Each of the Loan Parties represents and warrants as follows:

 

(a)               
It has taken all necessary action to authorize the execution, delivery and performance of this Amendment.

 

(b)              
This Amendment has been duly executed and delivered by such Person and constitutes such Person’s legal, valid and
binding obligation, enforceable in accordance with its terms, except as such enforceability may be subject to (i) Debtor Relief
Laws and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in
equity).

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(c)               
No consent, approval, authorization or order of, or filing, registration or qualification with, any court or Governmental
Authority or third party is required in connection with the execution, delivery or performance by such Person of this Amendment.

 

(d)              
The execution and delivery of this Amendment does not (i) violate, contravene or conflict with any provision of its Organization
Documents or (ii) materially violate, contravene or conflict with any Laws applicable to it.

 

5.                 
Representations. The Loan Parties represent and warrant to the Lenders that the representations and warranties of
the Loan Parties set forth in Article VI of the Credit Agreement are true and correct in all material respects 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 are true and correct in all material respects as of such earlier date.

 

6.                 
Counterparts/Telecopy. This Amendment may be executed in any number of counterparts, each of which when so executed
and delivered shall be an original, but all of which shall constitute one and the same instrument. Delivery of executed counterparts
of this Amendment by telecopy or other electronic imaging means (i.e., .pdf) shall be effective as an original.

 

7.                 
GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW
YORK.

    	9

    	 

    
 

IN WITNESS WHEREOF, each of the parties
hereto has caused a counterpart of this Amendment to be duly executed and delivered and this Amendment shall be effective as of
the First Amendment Effective Date.

 

	BORROWER:	INNERWORKINGS, INC,
	 	a Delaware corporation
	 	 	 
	 	 	 
	 	By:	/s/ Joseph M. Busky
	 	Name:	Joseph M. Busky
	 	Title:	CFO
	 	 	 
	 	 	 
	ADMINISTRATIVE AGENT:	BANK OF AMERICA, N.A.,
	 	as Administrative Agent
	 	 	 
	 	 	 
	 	By:	/s/ Linda Lov
	 	Name:	Linda Lov
	 	Title:	AVP
	 	 	 
	 	 	 
	LENDERS:	BANK OF AMERICA, N.A.,
	 	as a Lender, an L/C Issuer and the Swing Line Lender
	 	 	 
	 	 	 
	 	By:	/s/ Carlos Morales
	 	Name:	Carlos Morales
	 	Title:	Senior Vice President
	 	 	 
	 	 	 
	 	JPMORGAN CHASE BANK, N.A.,
	 	as a Lender
	 	 	 
	 	 	 
	 	By:	/s/ Jonathan M. Deck
	 	Name:	Jonathan M. Deck
	 	Title:	Assistant Vice President
	 	 	 
	 	 	 
	 	PNC BANK, NATIONAL ASSOCIATION,
	 	as a Lender
	 	 	 
	 	 	 
	 	By:	/s/ Chris Hermann
	 	Name:	Chris Hermann
	 	Title:	/s/ Vice President

  

[signatures continue on next page]

    	 

    	 

    
 

 

 

	 	ASSOCIATED BANK, N.A.,
	 	as a Lender
	 	 
	 	 
	 	By:	/s/ Jennifer Teubl
	 	Name:	Jennifer Teubl
	 	Title:	Vice President
	 	 	 
	 	 	 
	 	THE NORTHERN TRUST COMPANY,
	 	as a Lender
	 	 
	 	 
	 	By:	/s/ Morgan A. Lyons
	 	Name:	Morgan A. Lyons
	 	Title:	SVP

 

 

    	2

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