Document:

EX-10.1

 Exhibit 10.1 

SEATTLE GENETICS, INC. 

2016 Senior Executive Annual Bonus Plan 

This 2016 Senior Executive Annual Bonus Plan (the “Plan”) is intended to enhance stockholder value by promoting a connection between
the performance of Seattle Genetics, Inc. (the “Company”) and the compensation of senior executives of the Company and to promote retention of participating senior executives. 

1. Executives of the Company at the Vice President level and above (“Participants”) are eligible to receive annual bonuses for 2016
according to this Plan. The Plan will be administered by the Compensation Committee of the Board of Directors of the Company (the “Committee”). The Committee shall have all powers and discretion necessary to administer the Plan including
any adjustments, amendments and modifications to the Plan or its application to all or any participants and to control its operation and may delegate responsibilities to Company officers as it deems appropriate. Participants are eligible to receive
bonuses based on their individual performance and the Company’s performance during 2016. A Participant who does not demonstrate satisfactory individual performance (50% or higher), however, will not be eligible for any portion of his or her
bonus, including the portion based on Company performance. 
 2. Company performance shall be determined by the Committee based on the
Company’s ability to meet or exceed Company goals as set forth by the Board of Directors of the Company, which may include such factors as sales, research, development and clinical milestones, hiring and other operational goals, strategic
alliances, licensing and partnering transactions and financings. For clarification, the Committee may determine in its sole discretion that the Company did not satisfactorily complete enough goals and in that case, the Committee may determine that
no bonus shall be paid to Participants. Individual performance of the Participants who are senior executives on the Executive Committee and, if applicable, any other employee who is an “officer” within the meaning of Rule 16a-1(f) under
the Exchange Act (each, an “Executive Officer”), shall be determined by the Committee upon review and recommendation to the Committee by the Head of Human Resources and the Chief Executive Officer, except for the individual performance of
the Chief Executive Officer, which shall be determined by the Committee. Individual performance of Participants who are not Executive Officers (“Other Officers”) will be reviewed and determined by the CEO. In all cases, awards shall be
based on the individual Participant’s satisfactory completion of individual performance goals. 
 3. To be eligible for a bonus, a
Participant must be on the Company’s payroll prior to November 1, 2016 and must be employed by the Company as of the date of payment of the bonus. A Participant hired after commencement of the Plan Year shall be eligible for a pro-rated
bonus. A Participant who is promoted into a position with a higher bonus target will have a pro-rated bonus 

 2016 Senior Executive Annual Bonus Plan - continued 

 

 
based on his or her time in each position and the applicable individual performance targets for such positions but calculated based on the Participant’s annual base pay as of
December 31, 2016. 
 4. A Participant who has taken an approved leave of absence pursuant to the Company’s policies of longer
than 90 calendar days during 2016 shall receive a pro-rated bonus calculated by excluding the number of days that exceed 90 calendar days during 2016 that he or she was on an approved leave of absence. For example, a person on an approved leave of
absence for 100 days is eligible for a pro-rated bonus by subtracting 10 days from the bonus calculation. 
 5. A Participant who is on an
approved leave of absence on the date the bonus payment is made will be eligible to receive a pro-rated bonus as calculated above upon the bonus payment date. 

6. The amount of a Participant’s bonus is based on a target percentage of such Participant’s annual base pay as of December 31,
2016. This target percentage shall be determined by the Committee in the case of Executive Officers or the CEO in the case of a Participant who is an Other Officer at the beginning of the Plan Year. The target percentage shall then be adjusted based
on the Company’s performance and the individual Participant’s performance over the course of the Plan Year to arrive at a final performance percentage. For all Participants who are Other Officers, the final performance percentage shall be
based 50% on the Company’s performance and 50% on each Participant’s individual performance. For those Participants that are Executive Officers, other than the Chief Executive Officer and the Chief Operating Officer, the final performance
percentage shall be based 60% on the Company’s performance and 40% on each Participant’s performance. The Chief Operating Officer’s final performance percentage shall be based 80% on the Company’s performance and 20% on the
Participant’s performance and the Chief Executive Officer’s final performance percentage shall be determined by the Committee in its sole discretion. The Company performance percentage and/or the individual performance percentage may
exceed 100% in the event the Company or the individual Participant exceeds expected goals, provided that neither percentage may exceed 150%. For example, assuming the Company has met 100% of its goals, a Participant who is an Other Officer, who has
met 150% of his or her individuals goals, has a target percentage of 25% and has a base pay rate of $100,000 will receive a bonus of $31,250 (100% x 0.5 + 150% x 0.5 = 125%; and 125% x 25% = 31.25%; and 31.25% of Participant’s base pay rate of
$100,000 = $31,250). A Participant’s bonus may be paid in cash or stock or a combination of both at the discretion of the Committee. All determinations and decisions made by the Committee or the CEO as applicable shall be final, conclusive and
binding on all persons and shall be given the maximum deference permitted by law. 
 7. This Plan is effective for the Company’s 2016
calendar year beginning January 1, 2016 through December 31, 2016 (the “Plan Year”) and will expire automatically on December 31, 2016. Bonus payments will be made by February 15th following the end of the Plan Year. 

  
 Page 2 of 3 

 2016 Senior Executive Annual Bonus Plan - continued 

 

 8. The Company shall provide a copy of this Plan to each Participant and communicate to each
Participant his or her target percentage as determined by the Committee at the beginning of the Plan Year. 
 9. This Plan supersedes all
prior bonus plans or any written or verbal representations regarding the subject matter of this Plan and is the entire understanding between the Company and the Participant regarding the subject matter of this Plan. Participation in this Plan during
the Plan Year will not convey any entitlement to participate in this or future plans or to the same or similar bonus payments. The Committee may at any time amend, suspend, or terminate this Plan, including amendment of the target percentages for
each Participant and amendment so as to ensure that no amount paid or to be paid hereunder shall be subject to the provisions of Section 409(a)(1)(B) of the Internal Revenue Code of 1986, as amended (the “Code”). For the avoidance of
doubt, it is intended that the Plan satisfy the exemption from the application of Section 409A of the Code and the Treasury Regulations and other guidance issued thereunder and any state law of similar effect provided under
Section 1.409A-1(b)(4) of the Treasury Regulations, and the Plan shall be administered and interpreted to the greatest extent possible in compliance therewith. 

10. The Company shall withhold all applicable taxes from any bonus payment, including any federal, state and local taxes. 

11. Nothing in this Plan shall interfere with or limit in any way the right of the Company to terminate any Participant’s employment or
service at any time, with or without cause. Nothing in these guidelines should be construed as an employment agreement or an entitlement to any Participant for any incentive payment hereunder. 

12. This Plan and all awards shall be construed in accordance with and governed by the laws of the State of Washington, without regard to its
conflict of law provisions. 
 13. Payments under this Plan shall be unsecured, unfunded obligations of the Company. To the extent a
Participant has any rights under this Plan, the Participant’s rights shall be those of a general unsecured creditor of the Company. 

  
 Page 3 of 3Exhibit 10.1

 

 

 

CHANGE IN TERMS AGREEMENT

 

	
         Principal

        $8,000,000.00
	
        Loan Date

        01-21-2016
	
        Maturity

        04-30-2016
	
        Loan No

        1004027501
	Call / Coll	
        Account

        *iv*
	Officer 

SKC	Initials
	
        References in the boxes above are for Lender's
        use only and do not limit the applicability of this document to any particular loan or item.

        Any item above containin                             "'""
        has been omitted due to text length limitations.

 

	Borrower:	WidePoint Corporation; WidePoint Solutions Corp.;	 	Lender:	Cardinal Bank
	 	WidePoint IL, Inc.; WidePoint NBIL, Inc.; WidePoint Ohio Real Estate Corp.; WidePoint Cybersecurity Solutions Corporation; WidePoint Integrated Solutions Corp.; Advanced Response Concepts Corporation; Protexx Technology Corporation; WidePoint Global Solutions, Inc.; and Soft-Ex Communications Limited	 	 	8270 Greensboro Drive

Suite 500

McLean, VA 22102
	 	7926 Jones Branch Drive, Suite 520	 	 	
	 	McLean, VA 22102-3371	 	 	 

	 
	 
	IMPORTANT NOTICE
	 
	THIS INSTRUMENT CONTAINS A CONFESSION OF JUDGMENT PROVISION WHICH CONSTITUTES A WAIVER OF IMPORTANT RIGHTS YOU MAY HAVE AS A DEBTOR AND ALLOWS THE CREDITOR TO OBTAIN A JUDGMENT AGAINST YOU WITHOUT ANY FURTHER NOTICE.
	 
	 

	Principal Amount: $8,000,000.00	Date of Agreement: January 21, 2016

 

DESCRIPTION OF EXISTING INDEBTEDNESS.
That certain Promissory Note from Borrower payable to Lender dated December 30, 2011 in the original principal amount of Eight
Million and No/100 Dollars ($8,000,000.00) as modified and extended, from time to time, (collectively, the "Note").

 

LOAN AGREEMENT. This Agreement
is subject to that certain Loan Agreement between Borrower and Lender dated December 30, 2011, as amended, all terms and conditions
of which, notwithstanding anything herein to the contrary, are incorporated and made a part herein.

 

DESCRIPTION OF COLLATERAL. In
addition to any other collateral that may be pledged, either now of in the future, the indebtedness evidenced by this agreement
is secured by all rights, title, and security interest granted under that certain Security Agreement from Borrower to Lender dated
December 30, 2011.

 

DESCRIPTION OF CHANGE IN TERMS. 90 Day Extension
of an existing Working Capital Line of Credit to mature April 30, 2016.

 

PROMISE TO PAY. WidePoint Corporation;
WidePoint Solutions Corp.; WidePoint IL, Inc.; WidePoint NBIL, Inc.; WidePoint Ohio Real Estate Corp.; WidePoint Cybersecurity
Solutions Corporation; WidePoint Integrated Solutions Corp.; Advanced Response Concepts Corporation; Protexx Technology Corporation;
WidePoint Global Solutions, Inc.; and Soft-Ex Communications Limited ("Borrower") jointly and severally promise to pay
to Cardinal Bank ("Lender"), or order, in lawful money of the United States of America, the principal amount of Eight
Million & 00/100 Dollars ($8,000,000.00) or so much as may be outstanding, together with interest on the unpaid outstanding
principal balance of each advance. Interest shall be calculated from the date of each advance until repayment of each advance.

 

PAYMENT. Borrower will pay this
loan in one payment of all outstanding principal plus all accrued unpaid interest on April 30, 2016. In addition, Borrower will
pay regular monthly payments of all accrued unpaid interest due as of each payment date, beginning January 31, 2016, with all subsequent
interest payments to be due on the last day of each month after that. Unless otherwise agreed or required by applicable law, payments
will be applied first to any accrued unpaid interest; then to principal; then to any late charges; and then to any unpaid collection
costs.

 

VARIABLE INTEREST RATE. The
interest rate on this loan is subject to change from time to time based on changes in an independent index which is the the base
rate on corporate loans posted by at least 70% of the 10 largest U.S. banks known as the Wall Street Journal U.S. Prime Rate (the
"Index"). The Index is not necessarily the lowest rate charged by Lender on its loans. If the Index becomes unavailable
during the term of this loan, Lender may designate a substitute index after notifying Borrower. Lender will tell Borrower the current
Index rate upon Borrower's request. The interest rate change will not occur more often than each day. Borrower understands that
Lender may make loans based on other rates as well. The Index currently is 3.500% per annum. Interest on the unpaid principal balance
of this loan will be calculated as described in the "INTEREST CALCULATION METHOD" paragraph using a rate of 0.500 percentage
points over the Index, rounded to the nearest 0.001 percent, adjusted if necessary for any minimum and maximum rate limitations
described below, resulting in an initial rate of 4.000% per annum based on a year of 360 days. NOTICE: Under no circumstances will
the interest rate on this loan be less than 3.750% per annum or more than the maximum rate allowed by applicable law.

 

INTEREST CALCULATION METHOD.
Interest on this loan is computed on a 365/360 basis; that is, by applying the ratio of the interest rate over a year of 360 days,
multiplied by the outstanding principal balance, multiplied by the actual number of days the principal balance is outstanding.
All interest payable under this loan is computed using this method.

 

RECEIPT OF PAYMENTS. All payments must be made in
U.S. dollars and must be received by Lender at:

 

Cardinal Bank

8270 Greensboro Drive Suite 500

Mclean, VA 22102

 

All payments must be received
by Lender consistent with any written payment instructions provided by Lender. If a payment is made consistent with Lender's payment
instructions but received after 5:00PM Eastem Standard Time on a business day, Lender will credit Borrower's payment on the next
business day.

 

PREPAYMENT. Borrower may pay
without penalty all or a portion of the amount owed earlier than it is due. Early payments will not, unless agreed to by Lender
in writing, relieve Borrower of Borrower's obligation to continue to make payments of accrued unpaid interest. Rather, early payments
will reduce the principal balance due. Borrower agrees not to send Lender payments marked "paid in full", "without
recourse", or

 

     

     

    

 

 

 

	CHANGE IN TERMS AGREEMENT
	Loan No: 1004027501	(Continued)	Page 2
	 	 	 

 

similar
language. If Borrower sends such a payment, Lender may accept it without losing any of Lender's rights under this Agreement,
and Borrower will remain obligated to pay any further amount owed to Lender. All written communications concerning disputed amounts,
including any check or other payment instrument that indicates that the payment constitutes "payment in full" of the
amount owed or that is tendered with other conditions or limitations or as full satisfaction of a disputed amount must be mailed
or delivered to: Cardinal Bank, 8270 Greensboro Drive Suite 500 Mclean, VA 22102.

 

LATE CHARGE. If a payment is
10 days or more late, Borrower will be charged 5.000% of the unpaid portion of the regtiarly schedUed payment

 

INTEREST AFTER DEFAULT. Upon
default, at Lender's option, and if permitted by applicable law, Lender may add any unpaid accrued interest to principal
and such sum will bear interest therefrom until paid at the rate provided in this Agreement (including any increased rate). Upon
default, the interest rate on this loan shall be increased by adding an additional 2.000 percentage point margin ("Default
Rate Margin"). The Default Rate Margin shall also apply to each succeeding interest rate change that would have applied had
there been no default. However, in no event will the interest rate exceed the maximum interest rate limitations under applicable
law.

 

DEFAULT. Each of the
following shall constitute an Event of Default under this Agreement:

 

Payment Default. Borrower
fails to make any payment when due under the Indebtedness.

 

Other Defaults. Borrower
fails to comply with or to perform any other term, obligation, covenant or condition contained in this Agreement or in any of the
Related Documents or to comply with or to perform any term, obligation, covenant or condition contained in any other agreement
between Lender and Borrower.

 

Default in Favor of Third Parties.
Borrower defaults under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement,
in favor of any other creditor or person that may materially affect any of Borrower's property or ability to perform Borrower's
obligations under this Agreement or any of the Related Documents.

 

False Statements. Any warranty,
representation or statement made or furnished to Lender by Borrower or on Borrower's behalf under this Agreement or the Related
Documents is false or misleading in any material respect, either now or at the time made or furnished or becomes false or misleading
at any time thereafter.

 

Insolvency. The dissolution
or termination of Borrower's existence as a going business, or a trustee or receiver is appointed for Borrower or for all or a
substantial portion of the assets of Borrower, or Borrower makes a general assignment for the benefit of Borrower's creditors,
or Borrower files for bankruptcy, or an involuntary bankruptcy petition is filed against Borrower and such involuntary petition
remains undismissed for sixty (60) days.

 

Creditor or Forfeiture Proceedings.
Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding, self-help, repossession or any other method,
by any creditor of Borrower or by any governmental agency against any collateral securing the Indebtedness. This includes a garnishment
of any of Borrower's accounts, including deposit accounts, with Lender. However, this Event of Default shall not apply if there
is a good faith dispute by Borrower as to the validity or reasonableness of the claim which is the basis of the creditor or forfeiture
proceeding and if Borrower gives Lender written notice of the creditor or forfeiture proceeding and deposits with Lender monies
or a surety bond for the creditor or forfeiture proceeding, in an amount determined by Lender, in its sole discretion, as being
an adequate reserve or bond for the dispute.

 

Events Affecting Guarantor.
Any of the preceding events occurs with respect to any guarantor, endorser, surety, or accommodation party of any of the Indebtedness
or any guarantor, endorser, surety, or accommodation party dies or becomes incompetent, or revokes or disputes the validity of,
or liability under, any Guaranty of the Indebtedness evidenced by this Note.

 

Change In Ownership. Any change in ownership of twenty-five
percent (25%) or more of the common stock of Borrower.

Adverse Change. A material adverse
change occurs in Borrower's financial condition, or Lender believes the prospect of payment or performance of the Indebtedness
is impaired.

 

Insecurity. Lender in good faith believes
itself insecure.

 

LENDER'S RIGHTS. Upon default,
Lender may declare the entire unpaid principal balance under this Agreement and all accrued unpaid interest, together with all
other applicable fees, costs and charges, if any, immediately due and payable, and then Borrower will pay that amount.

 

ATTORNEYS' FEES; EXPENSES. Subject
to any limits under applicable law, upon default, Borrower agrees to pay Lender's attorneys' fees and all of Lender's other collection
expenses, whether or not there is a lawsuit, including without limitation legal expenses for bankruptcy proceedings.

 

JURY WAIVER. Lender and Borrower
hereby waive the right to any jury trial in any action, proceeding, or counterclaim brought by either Lender or Borrower against
the other.

 

GOVERNING LAW. This Agreement
will be governed by federal law applicable to Lender and, to the extent not preempted by federal law, the laws of the Commonwealth
of Virginia without regard to its conflicts of law provisions. This Agreement has been accepted by Lender in the Commonwealth of
Virginia.

 

CHOICE OF VENUE. If there
is a lawsuit, Borrower agrees upon Lender's request to submit to the jurisdiction of the applicable courts for Fairfax County,
Commonwealth of Virginia.

 

CONFESSION OF JUDGMENT. Upon
a default in payment of the Indebtedness at maturity, whether by acceleration or otherwise, Borrower hereby irrevocably authorizes
and empowers Neil I. Title as Borrower's attorney-in-fact to appear in the Arlington County clerk's office and to confess judgment
against Borrower for the unpaid amount of this Agreement as evidenced by an affidavit signed by an officer of Lender setting forth
the amount then due, attorneys' fees plus costs of suit, and to release all errors, and waive all rights of appeal. By a written
instrument Lender may appoint a substitute for the above named attorney-in-fact. If a copy of this Agreement, verified by an affidavit,
shall have been filed in the proceeding, it will not be necessary to file the original as a warrant of attorney. Borrower
waives the right to any stay of execution and the benefit of all exemption laws now or hereafter in effect. No single exercise
of the foregoing warrant and power to confess judgment will be deemed to exhaust the power, whether or not any such exercise shall
be held by any court to be invalid, voidable, or void; but the power will continue undiminished and may be exercised from time
to time as Lender may elect until all amounts owing on this Agreement have been paid in

 

     

     

    

 

 

 

	CHANGE
    IN TERMS AGREEMENT
	Loan
    No: 1004027501	(Continued)	Page 3
	 	 	 

 

full.

 

DISHONORED ITEM FEE. Borrower
will pay a fee to Lender of $34.00 if Borrower makes a payment on Borrower's loan and the check or preauthorized charge with which
Borrower pays is later dishonored.

 

RIGHT OF SETOFF. To the extent
permitted by applicable law, Lender reserves a right of setoff in all Borrower's accounts with Lender (whether checking, savings,
or some other account). This includes all accounts Borrower holds jointly with someone else and all accounts Borrower may open
in the future. However, this does not include any IRA or Keogh accounts, or any trust accounts for which setoff would be prohibited
by law. Borrower authorizes Lender, to the extent permitted by applicable law, to charge or setoff all sums owing on the debt against
any and all such accounts.

 

COLLATERAL. Collateral securing
other loans with Lender may also secure this loan. To the extent collateral previously has been given to Lender by any person which
may secure this Indebtedness, whether directly or indirectly, it is specifically agreed that, to the extent prohibited by law,
all such collateral consisting of household goods will not secure this Indebtedness. In addition, if any collateral requires the
giving of a right of rescission under Truth in Lending for this Indebtedness, such collateral also will not secure this Indebtedness
unless and until all required notices of that right have been given.

 

LINE OF CREDIT. This Agreement
evidences a revolving line of credit. Advances under this Agreement may be requested either orally or in writing by Borrower or
by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. All communications,
instructions, or directions by telephone or otherwise to Lender are to be directed to Lender's office shown above. Borrower agrees
to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any
of Borrower's accounts with Lender. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements
on this Agreement or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance
funds under this Agreement if: (A) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that
Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (B) Borrower
or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify
or revoke such guarantor's guarantee of this Agreement or any other loan with Lender; (D) Borrower has applied funds provided pursuant
to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.

 

CONTINUING VALIDITY. Except as
expressly changed by this Agreement, the terms of the original obligation or obligations, including all agreements evidenced or
securing the obligation(s), remain unchanged and in full force and effect. Consent by Lender to this Agreement does not waive Lender's
right to strict performance of the obligation(s) as changed, nor obligate Lender to make any future change in terms. Nothing in
this Agreement will constitute a satisfaction of the obligation(s). It is the intention of Lender to retain as liable parties all
makers and endorsers of the original obligation(s), including accommodation parties, unless a party is expressly released by Lender
in writing. Any maker or endorser, including accommodation makers, will not be released by virtue of this Agreement. If any person
who signed the original obligation does not sign this Agreement below, then all persons signing below acknowledge that this Agreement
is given conditionally, based on the representation to Lender that the non-signing party consents to the changes and provisions
of this Agreement or otherwise will not be released by it. This waiver applies not only to any initial extension, modification
or release, but also to all such subsequent actions.

 

SUCCESSORS AND ASSIGNS. Subject
to any limitations stated in this Agreement on transfer of Borrower's interest, this Agreement shall be binding upon and inure
to the benefit of the parties, their heirs, personal representatives, successors and assigns. If ownership of the Collateral becomes
vested in a person other than Borrower, Lender, without notice to Borrower, may deal with Borrower's successors with reference
to this Agreement and the Indebtedness by way of forbearance or extension without releasing Borrower from the obligations of this
Agreement or liability under the Indebtedness.

 

MISCELLANEOUS PROVISIONS. If
any part of this Agreement cannot be enforced, this fact will not affect the rest of the Agreement. Lender may delay or forgo enforcing
any of its rights or remedies under this Agreement without losing them. Each Borrower understands and agrees that, with or without
notice to Borrower, Lender may with respect to any other Borrower (a) make one or more additional secured or unsecured loans or
otherwise extend additional credit; (b) alter, compromise, renew, extend, accelerate, or otherwise change one or more times the
time for payment or other terms of any indebtedness, including increases and decreases of the rate of interest on the indebtedness;
(c) exchange, enforce, waive, subordinate, fail or decide not to perfect, and release any security, with or without the substitution
of new collateral; (d) apply such security and direct the order or manner of sale thereof, including without limitation, any non-judicial
sale permitted by the terms of the controlling security agreements, as Lender in its discretion may determine; (e) release, substitute,
agree not to sue, or deal with any one or more of Borrower's sureties, endorsers, or other guarantors on any terms or in any manner
Lender may choose; and (f) determine how, when and what application of payments and credits shall be made on any other indebtedness
owing by such other Borrower. Borrower and any other person who signs, guarantees or endorses this Agreement, to the extent allowed
by law, waive presentment, demand for payment, and notice of dishonor. Upon any change in the terms of this Agreement, and unless
otherwise expressly stated in writing, no party who signs this Agreement, whether as maker, guarantor, accommodation maker or endorser,
shall be released from liability. All such parties agree that Lender may renew or extend (repeatedly and for any length of time)
this loan or release any party or guarantor or collateral; or impair, fail to realize upon or perfect Lender's security interest
in the collateral; and take any other action deemed necessary by Lender without the consent of or notice to anyone. All such parties
also agree that Lender may modify this loan without the consent of or notice to anyone other than the party with whom the modification
is made. If "Borrower" consists of more than one party, the word "Borrower" as used in this Agreement shall
refer to any one or more of the parties comprising "Borrower," and each of such parties shall be jointly and severally
liable pursuant to this Agreement.

 

     

     

    

 

 

 

	CHANGE IN TERMS AGREEMENT
	Loan No: 1004027501	(Continued)	Page 4
	 	 	 

 

PRIOR
TO SIGNING THIS AGREEMENT, EACH BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS AGREEMENT, INCLUDING THE VARIABLE INTEREST
RATE PROVISIONS. EACH BORROWER AGREES TO THE TERMS OF THE AGREEMENT.

 

THIS AGREEMENT IS GIVEN UNDER
SEAL AND IT IS INTENDED THAT THIS AGREEMENT IS AND SHALL CONSTITUTE AND HAVE THE EFFECT OF A SEALED INSTRUMENT ACCORDING TO LAW.

 

     

     

    

 

BORROWER:

 

	 	WIDEPOINT CORPORATION	 
	 	 	 	 
	 	By:	 	(Seal)
	 	 	James T. McCubbin, Executive Vice President of WidePoint Corporation	 
	 	 	 	 
	 	WIDEPOINT SOLUTIONS CORP.	 
	 	 	 	 
	 	By:	 	(Seal)
	 	 	James T. McCubbin, Vice President of WidePoint Solutions Corp.	 
	 	 	 	 
	 	WIDEPOINT IL, INC.	 
	 	 	 	 
	 	By:	 	(Seal)
	 	 	James T. McCubbin, Vice President of WidePoint IL, Inc.	 
	 	 	 	 
	 	WIDEPOINT NBIL, INC.	 
	 	 	 	 
	 	By:	 	(Seal)
	 	 	James T. McCubbin, Vice President of WidePoint NBIL, Inc.	 
	 	 	 	 
	 	WIDEPOINT OHIO REAL ESTATE CORP.	 
	 	 	 	 
	 	By:	 	(Seal)
	 	 	James T. McCubbin, Vice President of WidePoint Ohio Real Estate Corp.	 
	 	 	 	 
	 	WIDEPOINT CYBERSECURITY SOLUTIONS CORPORATION	 
	 	 	 	 
	 	By:	 	(Seal)
	 	 	James T. McCubbin, Vice President of WidePoint Cybersecurity Solutions Corporation	 
	 	 	 	 
	 	WIDEPOINT INTEGRATED SOLUTIONS CORP.	 
	 	 	 	 
	 	By:	 	(Seal)
	 	 	James T. McCubbin, Vice President of WidePoint Integrated Solutions Corp.	 
	 	 	 	 
	 	ADVANCED RESPONSE CONCEPTS CORPORATION	 
	 	 	 	 
	 	By:	 	(Seal)
	 	 	James T. McCubbin, Vice President of Advanced Response Concepts Corporation	 

 

     

     

    

 

 

 

	CHANGE
    IN TERMS AGREEMENT
	Loan No: 1004027501	(Continued)	Page 
	 	 	 

 

	 	PROTEXX TECHNOLOGY CORPORATION	 
	 	 	 	 
	 	By:	 	(Seal)
	 	 	James T. McCubbin, Vice President of Protexx Technology Corporation	 
	 	 	 	 
	 	WIDEPOINT GLOBAL SOLUTIONS, INC.	 
	 	 	 	 
	 	By:	 	(Seal)
	 	 	James T. McCubbin, Vice President of WidePoint Global Solutions, Inc.	 
	 	 	 	 
	 	SOFT-EX COMMUNICATIONS LIMITED	 
	 	 	 	 
	 	By:	 	(Seal)
	 	 	James T. McCubbin, Director of Soft-Ex Communications Limited	 
	 	 	 	 
	 	LENDER:	 
	 	 	 	 
	 	CARDINAL BANK	 
	 	 	 	 
	 	X	 	 
	 	 	Sushi! K. Clarence, Executive Vice President	 

 

 

LeserPro, Ver 15.5 10 002 Copr 111.414
USA Corporation 1992. 2018 All Rights Reserved • VA P CM-Pt-020C FC TR-4108 PR-23

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00253-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00253-of-00352.parquet"}]]