Document:

Amendment No. 4 to Forbearance Agreement

 Exhibit 10.2 
 AMENDMENT NO. 4 TO FORBEARANCE AGREEMENT 
 This AMENDMENT
NO. 4 TO FORBEARANCE AGREEMENT (this “Amendment”) dated as of March 5, 2012, is by and among WELLS FARGO FOOTHILL CANADA ULC, an unlimited corporation existing under the laws of Alberta, as the administrative agent for the
Lenders (in such capacity, “Agent”), certain financial institutions party thereto as Lenders, and DIALOGIC CORPORATION, a British Columbia corporation (the “Borrower”). 

R E C I T A L S: 
 A. WHEREAS, Borrower, Agent and Lenders from time to time party thereto have entered into certain financing arrangements pursuant to that certain Credit Agreement dated as of March 5, 2008 (as
amended hereby, and as the same may have heretofore been or may hereafter be further amended, modified, supplemented, extended, renewed, restated or replaced, the “Credit Agreement”); 

B. Borrower, Agent and Lenders are party to that certain Forbearance Agreement dated as of November 14, 2011, as
amended by that certain Amendment No. 1 to Forbearance Agreement dated as of December 29, 2011, by that certain Amendment No. 2 to Forbearance Agreement dated as of January 5, 2012, and by that certain Amendment No. 3 to
Forbearance Agreement dated as of February 6, 2012 (the “Forbearance Agreement”) pursuant to which Agent and Lenders agreed to forbear from exercising their rights and remedies with respect to the Existing Defaults and Anticipatory
Defaults (as defined in the Forbearance Agreement) solely during the Forbearance Period (as defined in the Forbearance Agreement) on the terms and conditions set forth therein. 

C. Borrower has requested that Agent and Lenders agree to amend the Forbearance Agreement. 

D. Agent and Lenders are willing to amend the Forbearance Agreement as set forth herein. 

NOW, THEREFORE, in consideration of the foregoing, and the respective agreements, warranties and covenants contained
herein, the parties hereto agree as follows: 
 SECTION 1. DEFINITIONS 

1.1. Interpretation. All capitalized terms used herein (including the recitals hereto) shall have the respective
meanings ascribed thereto in the Credit Agreement or the Forbearance Agreement unless otherwise defined herein. 

 SECTION 2. AMENDMENTS TO FORBEARANCE AGREEMENT 

Subject to the conditions precedent set forth in Section 5 herein and in reliance on the representations and
warranties set forth in Section 4 herein, the Credit Agreement is hereby amended as follows: 
 2.1.
Section 1.2(c) of the Forbearance Agreement is amended and restated in its entirety as follows: 
 (c) “Forbearance Period” means the period commencing on the date hereof and ending on the date which is the earliest of (i) April 22, 2012; (ii) the occurrence or existence of any
Event of Default, other than the Existing Defaults or the Anticipatory Defaults; or (iii) the occurrence of any Termination Event. 
 2.2. Section 1.2(d) of the Forbearance Agreement is hereby amended by deleting the reference to “February 2, 2012” in clause (ii) thereof, and replacing it with
“March 1, 2012”. 
 SECTION 3. ACKNOWLEDGMENTS 

3.1. Acknowledgment of Obligations. Borrower hereby acknowledges, confirms and agrees that as of the close of
business on March 4, 2012, (a) Borrower is indebted to Lenders in respect of the Advances in the principal amount of $13,148,129.00 and (b) Borrower is indebted to Lenders in respect of the Letters of Credit in the aggregate principal
amount of $0.00. Borrower hereby acknowledges, confirms and agrees that all such amounts, together with interest accrued and accruing thereon, all reimbursement obligations with respect to the Letters of Credit, and all fees, costs, expenses and
other charges now or hereafter payable by Borrower to Agent or Lenders, are unconditionally owing by Borrower to Agent and Lenders, without offset, defense or counterclaim of any kind, nature or description whatsoever. 

3.2. Acknowledgment of Security Interests. Borrower hereby acknowledges, confirms and agrees that Agent, for the
benefit of the Lender Group and the Bank Product Providers, has and shall continue to have valid, enforceable and perfected first-priority liens upon and security interests in the Collateral granted to Agent, for the benefit of the Lender Group and
the Bank Product Providers, pursuant to the Credit Agreement and the Loan Documents or otherwise granted to or held by Agent, for the benefit of the Lender Group and the Bank Product Providers (collectively, the “Security”), and the
Borrower further acknowledges, confirms and agrees that the Security secures the Obligations. 
 3.3. Binding
Effect of Documents. Borrower hereby acknowledges, confirms and agrees that: (a) each of the Credit Agreement and the Loan Documents to which it is a party (including the Forbearance Agreement, as amended by this Amendment) has been duly
executed and delivered to Agent by Borrower, and each is and shall remain in full force and effect as of the date hereof except as modified pursuant hereto, (b) the agreements and obligations of Borrower contained in such documents and in this
Amendment constitute the legal, valid and binding Obligations of Borrower, enforceable against it in accordance with their respective terms, and Borrower has no valid defense to the enforcement of such Obligations, and (c) Agent and Lenders are
and shall be entitled to the rights, remedies and benefits provided for under the Credit Agreement and the Loan Documents and applicable law. 
 3.4. Acknowledgment of Default. Borrower hereby acknowledges and agrees that the Existing Defaults have occurred and are continuing, each of which constitutes an Event of Default and entitles Agent
to exercise its rights and remedies under the Credit Agreement and the Loan Documents, applicable law, or otherwise. Borrower represents and warrants that as of the date 

  
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hereof, no Events of Default exist other than the Existing Defaults. Borrower hereby acknowledges and agrees that when the Anticipatory Defaults occur, each shall constitute an Event of Default
under the Credit Agreement and the Loan Documents. Borrower hereby acknowledges and agrees that Agent and Lenders have the exercisable right to declare the Obligations to be immediately due and payable under the terms of the Credit Agreement and the
Loan Documents. Borrower acknowledges that Lenders are no longer obligated to make any Advances. Pursuant to and subject to the terms of Section 3.2 of the Forbearance Agreement and subject to the terms and conditions therein and in this
Amendment, Agent and Lenders have agreed to forbear during the Forbearance Period from exercising their rights and remedies under the Credit Agreement and the Loan Documents or applicable law in respect of or arising out of the Existing Defaults and
the Anticipatory Defaults. Borrower acknowledges and agrees that such agreement to forbear during the Forbearance Agreement does not apply to any Event of Default that may be in existence or may heretoafter occur other than the Existing Defaults and
the Anticipatory Defaults, and that upon the expiration or termination of the Forbearance Period, the Forbearance Agreement shall automatically and without further action terminate and be of no further force and effect, it being expressly agreed
that the effect of such termination will be to permit Agent and Lenders to exercise immediately all rights and remedies under the Credit Agreement and the Loan Documents and applicable law, including, but not limited to, accelerating all of the
Obligations under the Credit Agreement and the Loan Documents; in each case without any further notice to Borrower, passage of time or forbearance of any kind. 
 3.5. No Waivers; Reservation of Rights. Agent and Lenders have not waived, are not by this Amendment waiving, and have no intention of waiving, any Events of Default which may be continuing on the
date hereof or any Events of Default which may occur after the date hereof (whether the same or similar to the Existing Defaults, the Anticipatory Defaults or otherwise), and Agent and Lenders have not agreed to forbear with respect to any of their
rights or remedies concerning any Events of Default (other than, during the Forbearance Period, the Existing Defaults and the Anticipatory Defaults to the extent expressly set forth herein) occurring at any time. Subject to Section 3.2 of the
Forbearance Agreement (solely with respect to the Existing Defaults and the Anticipatory Defaults), Agent and Lenders reserve the right, in their discretion, to exercise any or all of their rights and remedies under the Credit Agreement and the Loan
Documents as a result of any other Events of Default occurring at any time. Agent and Lenders have not waived any of such rights or remedies, and nothing in this Agreement, and no delay on their part in exercising any such rights or remedies, shall
be construed as a waiver of any such rights or remedies. 
 3.6. Reaffirmation. Borrower hereby confirms
and reaffirms all of their obligations under the Credit Agreement, the Forbearance Agreement (as amended by this Amendment) and the other Loan Documents. Any reference in this Amendment to the Forbearance Agreement refers to the Forbearance
Agreement as amended hereby. 
 SECTION 4. REPRESENTATIONS AND WARRANTIES 

Borrower hereby represents, warrants and covenants as follows: 

4.1. Representations in the Credit Agreement and the Loan Documents. Each of the representations and warranties
made by or on behalf of Borrower to Agent or any Lender in the 

  
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Credit Agreement or any of the Loan Documents was true and correct when made, and is, except for the Existing Defaults and the Anticipatory Defaults, true and correct on and as of the date of
this Amendment with the same full force and effect as if each of such representations and warranties had been made by Borrower on the date hereof and in this Amendment, except (i) to the extent such representations and warranties expressly
refer to an earlier date (in which case such representations and warranties were true and correct in all material respects (unless otherwise qualified by materiality, Material Adverse Changes or a dollar threshold, in which case they shall be true
in all respects) on and as of such earlier date, (ii) to the extent that any Schedule relating to any such representation and warranty was not required to be updated pursuant to the terms of the Credit Agreement until a subsequent date,
(iii) to the extent such representations or warranties are not true and correct solely as a result of the Existing Defaults or the Anticipatory Defaults, and (iv) that the existence of the Existing Defaults and the Anticipatory Defaults
shall not, in and of itself, be deemed to be a “Material Adverse Change” for the purposes of Section 4.11 of the Credit Agreement. 
 4.2. Binding Effect of Documents. This Amendment has been duly authorized, executed and delivered to Agent and Lenders by Borrower, is enforceable in accordance with its terms and is in full force
and effect. 
 4.3. No Conflict. The execution, delivery and performance of this Amendment by Borrower
will not violate any requirement of law or contractual obligation of Borrower and will not result in, or require, the creation or imposition of any Lien on any of their respective properties or revenues. 

SECTION 5. CONDITIONS TO EFFECTIVENESS OF CERTAIN PROVISIONS OF THIS AGREEMENT 

The effectiveness of the terms and provisions of Section 2 and Section 3.4 of this Amendment shall be subject to
the receipt by Agent of each of the following, in form and substance satisfactory to Agent: 
 (a) an executed copy of a
forbearance letter by the Term Loan Lenders, extending the forbearance period contemplated by that certain forbearance letter from the Term Loan Lenders, dated February 2, 2012, to a date that is no earlier than May 1, 2012, in a form
substantially similar to the forbearance letter dated February 2, 2012, or otherwise in form and substance satisfactory to Agent; 
 (b) an executed copy of this Amendment, duly authorized, executed and delivered by Borrower, each Lender and Agent; and 
 (c) execution and delivery of a Consent and Reaffirmation, in the form attached as Exhibit A, by each Guarantor. 
 SECTION 6. MISCELLANEOUS 
 6.1. Continuing Effect of
Credit Agreement. Except as modified pursuant hereto, no other changes or modifications to the Credit Agreement and the Loan Documents are intended or 

  
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implied by this Amendment and in all other respects the Credit Agreement and the Loan Documents hereby are ratified, restated and confirmed by all parties hereto as of the effective date hereof.
To the extent of conflict between the terms of this Amendment, the Credit Agreement and the Loan Documents, the terms of this Amendment shall govern and control. The Credit Agreement and the Forbearance Agreement as amended by this Amendment shall
be read and construed as one agreement. 
 6.2. Costs and Expenses. Borrower absolutely and
unconditionally agrees to pay to Agent, on demand by Agent at any time, whether or not all or any of the transactions contemplated by this Amendment are consummated: all reasonable fees and disbursements of any counsel to Agent in connection with
the preparation, negotiation, execution or delivery of this Amendment and any agreements contemplated hereby and expenses which shall at any time be incurred or sustained by Agent, any Lender, any participant of any Lender or any of their respective
directors, officers, employees or agents as a consequence of or in any way in connection with the preparation, negotiation, execution, or delivery of this Amendment and any agreements contemplated hereby. 

6.3. Further Assurances. At Borrower’s expense, the parties hereto shall execute and deliver such additional
documents and take such further action as may be necessary or desirable to effectuate the provisions and purposes of this Amendment. 
 6.4. Successors and Assigns. This Amendment shall be binding upon and inure to the benefit of each of the parties hereto and their respective successors and assigns. 

6.5. Survival of Representations, Warranties and Covenants. All representations, warranties, covenants and
releases of Borrower made in this Amendment or any other document furnished in connection with this Amendment shall survive the execution and delivery of this Amendment and the Forbearance Period, and no investigation by Agent or any Lender, or any
closing, shall affect the representations and warranties or the right of Agent and Lenders to rely upon them. 

6.6. Release. 
 (a) In consideration of the agreements of Agent and Lenders contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Borrower and each
Guarantor executing a Consent and Reaffirmation attached hereto, on behalf of itself and its successors and assigns, and its present and former members, shareholders, affiliates, subsidiaries, divisions, predecessors, directors, officers, attorneys,
employees, agents, legal representatives and other representatives (Borrower, each Guarantor and all such other Persons being hereinafter referred to collectively as the “Releasing Parties” and individually as a “Releasing
Party”, hereby absolutely, unconditionally and irrevocably releases, remises and forever discharges Agent, each Lender, and each of their respective successors and assigns, and their respective present and former shareholders, affiliates,
subsidiaries, divisions, predecessors, directors, officers, attorneys, employees, agents, legal representatives and other representatives (Agent, Lenders and all such other Persons being hereinafter referred to collectively as the
“Releasees” and individually as a “Releasee”), of and from all demands, actions, causes of action, suits, damages and any and all other claims, counterclaims, defenses, rights of set-off, demands and liabilities
whatsoever (individually, a “Claim” and collectively, “Claims”) of every 

  
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kind and nature, known or unknown, suspected or unsuspected, at law or in equity, which any Releasing Party may now or hereafter own, hold, have or claim to have against the Releasees or any of
them for, upon, or by reason of any circumstance, action, cause, or thing whatsoever which arises at any time on or prior to the date of this Amendment, for or on account of, or in relation to, or in any way in connection with this Amendment, the
Credit Agreement, any of the Loan Documents or any of the transactions hereunder or thereunder. 
 (b) Borrower
and each Guarantor understands, acknowledges and agrees that the release set forth above may be pleaded as a full and complete defense to any Claim and may be used as a basis for an injunction against any action, suit or other proceeding which may
be instituted, prosecuted or attempted in breach of the provisions of such release. 
 (c) Borrower and each
Guarantor agrees that no fact, event, circumstance, evidence or transaction which could now be asserted or which may hereafter be discovered shall affect in any manner the final, absolute and unconditional nature of the release set forth above.

 6.7. Covenant Not to Sue. Each of the Releasing Parties hereby absolutely, unconditionally and
irrevocably, covenants and agrees with and in favor of each Releasee that it will not sue (at law, in equity, in any regulatory proceeding or otherwise) any Releasee on the basis of any Claim released, remised and discharged by any Releasing Party
pursuant to Section 6.6 above. If any Releasing Party violates the foregoing covenant, Borrower, for itself and its successors and assigns, and its present and former members, shareholders, affiliates, subsidiaries, divisions, predecessors,
directors, officers, attorneys, employees, agents, legal representatives and other representatives, agrees to pay, in addition to such other damages as any Releasee may sustain as a result of such violation, all attorneys’ fees and costs
incurred by any Releasee as a result of such violation. 
 6.8. Severability. Any provision of this
Amendment held by a court of competent jurisdiction to be invalid or unenforceable shall not impair or invalidate the remainder of this Amendment. 
 6.9. Reviewed by Attorneys. Borrower represents and warrants to Agent and Lenders that it (a) understands fully the terms of this Amendment and the consequences of the execution and delivery
of this Amendment, (b) has been afforded an opportunity to discuss this Amendment with, and have this Amendment reviewed by, such attorneys and other persons as Borrower may wish, and (c) has entered into this Amendment and executed and
delivered all documents in connection herewith of its own free will and accord and without threat, duress or other coercion of any kind by any Person. The parties hereto acknowledge and agree that neither this Amendment nor the other documents
executed pursuant hereto shall be construed more favorably in favor of one than the other based upon which party drafted the same, it being acknowledged that all parties hereto contributed substantially to the negotiation and preparation of this
Amendment and the other documents executed pursuant hereto or in connection herewith. 
 6.10.
Disgorgement. If Agent or any Lender is, for any reason, compelled by a court or other tribunal of competent jurisdiction to surrender or disgorge any payment, interest or other consideration described hereunder to any person because the same
is determined to be void or voidable as a preference, fraudulent conveyance, impermissible set-off or for any other reason, 

  
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such indebtedness or part thereof intended to be satisfied by virtue of such payment, interest, or other consideration shall be revived and continue as if such payment, interest, or other
consideration had not been received by Agent or such Lender, and the Borrower shall be liable to, and shall indemnify, defend and hold Agent or such Lender harmless for, the amount of such payment or interest surrendered or disgorged. The provisions
of this Section 6.10 shall survive execution and delivery of this Amendment and the documents, agreements, and instruments to be executed or delivered herewith. 

6.11. Relationship. Borrower agrees that the relationship between Agent and Borrower and between each Lender and
Borrower is that of creditor and debtor and not that of partners or joint venturers. This Amendment does not constitute a partnership agreement, or any other association between Agent and Borrower or between any Lender and Borrower. Borrower
acknowledges that Agent and each Lender has acted at all times only as a creditor to such Borrower within the normal and usual scope of the activities normally undertaken by a creditor and in no event has Agent or any Lender attempted to exercise
any control over Borrower or its business or affairs. Borrower further acknowledges that Agent and each Lender has not taken or failed to take any action under or in connection with its respective rights under the Credit Agreement and the Loan
Documents that in any way or to any extent has interfered with or adversely affects such Borrower’s ownership of Collateral. 
 6.12. Governing Law: Consent to Jurisdiction and Venue. EXCEPT AS OTHERWISE EXPRESSLY PROVIDED IN THE CREDIT AGREEMENT AND ANY OF THE LOAN DOCUMENTS, THE VALIDITY OF THIS AMENDMENT, THE FORBEARANCE
AGREEMENT, THE CREDIT AGREEMENT AND THE LOAN DOCUMETNS AND THE CONSTRUCTION, INTERPRETATION, AND ENFORCEMENT HEREOF AND THEREOF, AND THE RIGHTS OF THE PARTIES HERETO AND THERETO WITH RESPECT TO ALL MATTERS ARISING HEREUNDER AND THEREUNDER OR RELATED
HERETO OR THERETO SHALL BE DETERMINED UNDER, GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE PROVINCE OF ONTARIO, CANADA AND THE FEDERAL LAWS OF CANADA APPLICABLE THEREIN. THE PARTIES AGREE THAT ALL ACTIONS OR PROCEEDINGS ARISING
IN CONNECTION WITH THIS AGREEMENT SHALL BE TRIED AND LITIGATED ONLY IN THE PROVINCE OF ONTARIO AND, TO THE EXTENT REQUIRED BY APPLICABLE LAW, FEDERAL COURTS IN THE PROVINCE OF ONTARIO; PROVIDED, HOWEVER, THAT ANY ACTION SEEKING
ENFORCEMENT AGAINST ANY COLLATERAL OR OTHER PROPERTY MAY BE BROUGHT, AT AGENT’S OPTION, IN THE COURTS OF ANY JURISDICTION WHERE AGENT ELECTS TO BRING SUCH ACTION OR WHERE SUCH COLLATERAL OR OTHER PROPERTY MAY BE FOUND. BORROWER AND EACH
GUARANTOR EXECUTING THE CONSENT AND REAFFIRMATION ATTACHED HERETO EACH WAIVES, TO THE EXTENT PERMITTED UNDER APPLICABLE LAW, ANY RIGHT EACH MAY HAVE TO ASSERT THE DOCTRINE OF FORUM NON CONVENIENS OR TO OBJECT TO VENUE TO THE
EXTENT ANY PROCEEDING IS BROUGHT IN ACCORDANCE WITH THIS SECTION 6.12. 
 6.13. Mutual Waiver of
Jury Trial. THE PARTIES HERETO AND EACH GUARANTOR EXECUTING THE CONSENT AND REAFFIRMATION ATTACHED 

  
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HERETO EACH WAIVES THEIR RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREIN, INCLUDING
CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW OR STATUTORY CLAIMS. THE PARTIES HERETO EACH REPRESENT THAT EACH HAS REVIEWED THIS WAIVER AND EACH KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING
CONSULTATION WITH LEGAL COUNSEL. IN THE EVENT OF LITIGATION, A COPY OF THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT. 
 6.14. Counterparts. This Amendment may be executed in any number of counterparts, but all of such counterparts shall together constitute but one and the same agreement. 

6.15. Effectiveness of Forbearance Agreement. The Forbearance Agreement is and shall remain in full force and
effect as of the date hereof except as modified by this Amendment. 
 [signatures on following
page] 

  
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 IN WITNESS WHEREOF, this Amendment is executed and delivered as of the day and year first
above written. 
  

			
	BORROWER:
	
	 DIALOGIC CORPORATION,
 a British Columbia corporation

		
	By:	 	 /s/ Anthony Housefather

	Name:	 	 Anthony Housefather

	Title:	 	 EVP, Corporate Affairs and General Counsel

	
	 WELLS FARGO FOOTHILL CANADA ULC
 as Agent and a Lender

		
	By:	 	 /s/ Domenic Cosentino

	Name:	 	 Domenic Cosentino

	Title:	 	 Vice President

 Signature Page to Amendment No. 4 to Forbearance Agreement 

 EXHIBIT A 
 to 
 AMENDMENT NO. 4 TO FORBEARANCE AGREEMENT 

CONSENT AND REAFFIRMATION 
 Each of the undersigned (each a “Guarantor”) hereby (i) acknowledges receipt of a copy of the foregoing Amendment No. 4 to Forbearance Agreement (the “Amendment”; capitalized
terms used but not otherwise defined herein shall have the meanings ascribed to such terms in that certain Credit Agreement dated as of March 5, 2008 (as amended, supplemented, extended, renewed, restated or otherwise modified from time to
time) among Agent, Borrower and the Lenders from time to time party thereto; (ii) consents to Borrower’s execution and delivery of the Amendment; (iii) agrees to be bound by the Amendment and the Forbearance Agreement (as defined in
the Amendment) as amended by the Amendment, including Section 6.6 and Section 6.7 of the Amendment; (iv) affirms that nothing contained in the Amendment, except as specifically stated therein, shall modify in any respect whatsoever
any Loan Document to which it is a party; and (v) reaffirms its obligations under (a) the guaranty of the Obligations to which it is a party and (b) each of the other Loan Documents to which it is a party (as modified by the
Amendment, collectively, the “Reaffirmed Loan Documents”) and confirms that such obligations are unconditional and not subject to any defense, setoff, counterclaim or other adverse claim. Although each Guarantor has been informed of the
matters set forth herein and has acknowledged and agreed to same, each Guarantor understands that neither Agent nor any Lender has any obligation to inform any Guarantor of such matters in the future or to seek any Guarantor’s acknowledgment or
agreement to future amendments, waivers or consents, and nothing herein shall create such a duty. 
 The
undersigned further agree that after giving effect to the Agreement, each Reaffirmed Loan Document shall remain in full force and effect. 
 [signature page follows] 

			
	 DIALOGIC (US) INC., a Delaware corporation
 formerly known as DIALOGIC INC.

		
	By:	 	 /s/ Anthony Housefather

	Name:	 	 Anthony Housefather

	Title:	 	 EVP, Corporate Affairs and General Counsel

  

			
	 CANTARA TECHNOLOGY, INC.,
 a Massachusetts corporation

		
	By:	 	 /s/ Anthony Housefather

	Name:	 	 Anthony Housefather

	Title:	 	 EVP, Corporate Affairs and General Counsel

  

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

		
	By:	 	 /s/ Anthony Housefather

	Name:	 	 Anthony Housefather

	Title:	 	 EVP, Corporate Affairs and General Counsel

  

			
	SIGNED SEALED AND DELIVERED AS A DEED
		
	By:	 	 /s/ Anthony Housefather

		 	The attorney for and on behalf of:

 

			
	 DIALOGIC DISTRIBUTION LIMITED
 in the presence of:

		
	Witness:	 	 /s/ Stephen Becker

	Print Name:	 	 Stephen Becker

	Print Address:	 	 9800 Cavendish Blvd., Suite 500

		 	 Montreal, Quebec, Canada

 Signature Page to Consent and Reaffirmation 

			
	 DIALOGIC INC., a Delaware corporation formerly

known as Veraz Networks, Inc.

		
	By:	 	 /s/ Anthony Housefather

	Name:	 	 Anthony Housefather

	Title:	 	 EVP, Corporate Affairs and General Counsel

	
	 DIALOGIC NETWORKS (ISRAEL) LTD.,
 a limited liability company incorporated under the laws of Israel

		
	By:	 	 /s/ Anthony Housefather

	Name:	 	 Anthony Housefather

	Title:	 	 EVP, Corporate Affairs and General Counsel

	
	DIALOGIC DO BRASIL COMERCIO DE EQUIPAMENTOS PARA TELECOMMUNICACAO LTDA., a limited liability company duly organized and existing under the laws of Brazil, f/k/a
Veraz Networks do Brasil Comercio de Equipamentos para Telecomunicacao Ltda.
		
	By:	 	 /s/ Jobelino Vitoriano Locateli

	Name:	 	 Jobelino Vitoriano Locateli

	Title:	 	 Legal Representative

 Signature Page to Consent and ReaffirmationSeparation Agreement

 Exhibit 10.1 
 SEPARATION AGREEMENT 
 This Separation Agreement (the
“Agreement”) is entered into as of March 5, 2012, by and between Skullcandy, Inc., a Delaware corporation (the “Company”) and Mitch Edwards (the “Executive”). 

WHEREAS, the Executive has been employed as the Chief Financial Officer and General Counsel of the Company pursuant to that certain
employment agreement (the “Employment Agreement”) dated as of May 21, 2010, by and between the Company and the Executive; 
 WHEREAS, the Executive desires to resign from his employment with the Company; and 

WHEREAS, the Company and the Executive desire to enter into this Agreement to fully and finally set forth all matters between them.

 NOW, THEREFORE, in exchange for the good and valuable consideration set forth herein, the adequacy and sufficiency of which
is hereby acknowledged, the Company and the Executive agree as follows: 
 1. Resignation Date. The Executive’s last
day of employment with the Company shall be April 1, 2012 (the “Resignation Date”). As of the Resignation Date, the Executive hereby resigns from any and all offices held with the Company and its affiliates. 

2. Accrued Obligations; Termination of Benefits. On the Resignation Date, the Company will pay the Executive: all accrued and
unpaid salary to the extent not paid prior to the Resignation Date, subject in each case to standard payroll deductions and applicable tax withholding requirements. As of the Resignation Date, except as expressly provided below (or as may be
provided under applicable law), the Executive shall cease to participate in any group health insurance benefits and any other health, welfare, perquisite, retirement and/or benefit plans of the Company. 

3. Separation Payments and Benefits. Subject to the Executive’s execution and non-revocation of the Waiver and Release of
Claims Agreement attached hereto as Exhibit A (the “Release”), the Executive will be entitled to receive the following payments and benefits on or after the Resignation Date in accordance with the terms and conditions below
(the “Separation Payments”): 
  

	 	(a)	A one-time payment equal to $127,915.06, representing six months of the Executive’s current salary, payable within five business days following the Resignation
Date; 

  

	 	(b)	 Subject to and conditioned upon the Executive’s valid and timely election to receive continuation benefits under Section 4980B of the Code,
as amended (“COBRA”) (as described in Section 4 below), for a period of 

	 	
six months following the Resignation Date or, if earlier, until the Executive becomes eligible for health benefits under the plan of another employer (the “Continuation Period”),
continuation of group healthcare coverage for the Executive and his legal dependents under COBRA at the same cost to the Executive as in effect on the Resignation Date, with the remaining portion of applicable premiums paid by the Company during the
Continuation Period, provided, that if (i) any plan pursuant to which such benefits are provided ceases prior to the expiration of the Continuation Period to be exempt from the application of Section 409A (as defined below) under
Treasury Regulation Section 1.409A-1(a)(5), or (ii) the Company cannot provide the benefit without violating applicable law (including without limitation, Section 2716 of the Public Health Service Act), then, in any such case, an
amount equal to each remaining premium subsidy shall thereafter be paid to the Executive as currently taxable compensation in substantially equal monthly installments over the Continuation Period (or the remaining portion thereof). After the
Continuation Period, any COBRA continuation (to the extent permitted under applicable law) shall be at the Executive’s sole expense; 

  

	 	(c)	Contingent upon the Executives’ employment through the Resignation Date, and the final approval of the Company’s board of directors, the Executive’s
stock options granted pursuant to Company stock option agreements dated May 27, 2010 (two agreements) and November 4, 2010 (together the “Stock Option Agreements”) shall vest on an accelerated basis simultaneous with the
Executive’s termination of employment, in each case, with respect to those stock options that would have vested under the Stock Option Agreements during the six-month period following the Resignation Date, had the Executive remained employed by
the Company during such six-month period (and all other unvested stock options and any other unvested equity awards shall terminate and be forfeited on the Resignation Date). In addition, all Company stock options that have vested as of the
Resignation Date (after taking into consideration the accelerated vesting contemplated by this Section 3(c)) shall remain exercisable until the first anniversary of the Resignation Date. For the avoidance of doubt, to the extent that any
vesting and/or exercisability of the stock options pursuant hereto is inconsistent with the terms of any of the Stock Option Agreements, this Agreement shall constitute an amendment to such Stock Option Agreements, which Stock Option Agreements
shall otherwise remain in full force and effect in accordance with their terms and conditions. Notwithstanding the foregoing, (i) no stock options that vest on an accelerated basis pursuant to this Agreement shall be exercisable prior to the
date on which the timely executed Release becomes irrevocable by its terms, and (ii) if the Executive fails to timely execute or revokes the Release, then no stock options shall vest on an accelerated basis pursuant hereto and, in such case,
the Stock Option Agreements shall continue to govern the terms of the stock options granted pursuant thereto without regard to this Agreement; and 

  

	 	(d)	$5,116.60, approximating six months of the amount currently paid by the Company for Executive’s monthly Company 401(k) contribution, payable in substantially equal
taxable installments on the Company’s regularly schedule payroll dates over the six month period following the Resignation Date, provided, that no amounts shall be paid pursuant to this Section 2(d) prior to the first regularly scheduled
Company payroll date occurring on or after the thirtieth day following the Resignation Date (the “First Payroll Date”) and any amounts that otherwise would have been paid prior to such date shall instead be paid on the First Payroll Date
(without interest thereon). 

 4. Release. The Separation Payments set forth in Section 2 are contingent upon
and subject to the Executive’s execution, delivery and non-revocation (and the expiration of any applicable revocation period) of the Release within thirty (30) days following the Resignation Date. If the Executive fails to execute the
Release in accordance with the terms of the Release (or the Executive revokes the Release within the applicable revocation period), then the Company shall not make any payments or provide any benefits to the Executive pursuant to Section 2. The
parties hereto acknowledge and agree that the Separation Payments provided for under this Agreement are additional to and varied from the severance to which the Executive is otherwise entitled, and constitute good and valuable consideration for the
Release. The Executive acknowledges that, except as expressly provided in this Agreement, he will not receive any additional compensation, bonus, severance or benefits after the Resignation Date (except for any continuation healthcare or similar
benefits to the extent available under applicable law). 
 5. Section 409A. The parties hereto acknowledge and agree
that all payments and benefits hereunder are intended to be exempt from the application of Section 409A of the Internal Revenue Code of 1986, as amended, and the Department of Treasury Regulations and other interpretive guidance issued
thereunder (collectively, “Section 409A”) and that this Agreement shall be interpreted in accordance with exemptions available from Section 409A. The Executive’s right to receive any portion of the Separation Payments in
the form of installment payments (the “Installment Payments”) shall be treated as a right to receive a series of separate payments and, accordingly, each Installment Payment shall at all times be considered a separate and distinct
payment. No provision of this Agreement shall be interpreted or construed to transfer any liability for failure to comply with the requirements of Section 409A from the Executive or any other individual to the Company or any of its affiliates,
officers, directors, employees or agents, and neither the Company nor its affiliates, officers, directors, employees or agents shall have no obligation to indemnify or hold harmless any person with regard to any taxes, interest or penalties imposed
under Section 409A. 
 6. Tax Withholding. All payments made pursuant to this Agreement will be subject to the
withholding of any amounts required by federal, state or local law. 
 7. Further Assurances. In order to effectuate the
foregoing, the Executive agrees to execute any additional documents and to take such further actions as may be reasonably requested from time to time by the Company. 
 8. Return of Company Property. No later than the Resignation Date, the Executive shall return all Company property issued to the Executive, including without limitation, all keys, access cards,
credit cards, calling cards, computer hardware and software, cellular phones, pdas, blackberries and other mobile communications devices, except that the Executive shall have the right to purchase, at the mutually agreed upon current fair market,
his Company-issued Macbook and cell phone. 

 9. Confidentiality. The terms of this Agreement are highly confidential. The Company
and Executive shall work in good faith to mutually agree upon any public disclosure regarding the resignation of the Executive. 

10. Nondisparagement. The Executive agrees that, for a period of one year following the Resignation Date, the Executive shall not,
in any communications with the press or other media or to any customer, client or supplier of the Company, or any affiliate of the Company affiliates, criticize, ridicule or make any statement which disparages or is derogatory of the Company or its
affiliates or any of their respective directors or senior officers. For a period of one year following the Resignation Date, the Company shall not, and shall prohibit the members of its board of directors and senior executives, from criticizing,
ridiculing or make any other statement which disparages or is derogatory of the Executive (except as may be required by law or legal or regulatory process). 
 11. Choice of Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Utah without reference to the principles of conflicts of laws of Utah or any other
jurisdiction and, where applicable, the laws of the United States. In the event of any action to enforce or recover for breach of this Agreement shall be brought in a court of competent jurisdiction in the State of Utah. The prevailing party shall
be entitled to an award of attorney fees associated with such action. 
 12. Entire Agreement; Miscellaneous. This
Agreement sets forth the entire agreement between the Company and the Executive with respect to the termination of the Executive’s employment with the Company, and supersedes and replaces the Employment Agreement any and all prior oral or
written agreements or understandings between the Company and the Executive concerning the severance payments and benefits payable upon the Executive’s termination of employment. Without limiting the generality of the foregoing, the Executive
acknowledges and agrees that he has no further rights under the Employment Agreement of any sort, including without limitation, with respect to the MIP described therein. This Agreement may not be modified except by a written instrument signed by
each of the parties. This Agreement shall be binding upon and be for the benefit of the Company, its Affiliates, and their successors and assigns, and the Executive and his personal representatives, executors and heirs. Any waiver by any party
hereto of any breach of any kind or character whatsoever by any other party, whether such waiver be direct or implied, shall not be construed as a continuing waiver of, or consent to, any subsequent breach of this Agreement on the part of the other
party. The provisions of this Agreement are severable. If any part of this Agreement is found to be unenforceable, the other provisions shall remain fully valid and enforceable. 

14. Cooperation. The Executive agrees that he will personally provide reasonable assistance and cooperation to the Company, at the
Company’s expense, in activities related to the prosecution or defense of any pending or future lawsuits or claims involving the Company. The Executive further agrees that he will cooperate fully with the Company in its defense of, or other
participation in, any administrative, judicial or other proceeding arising from any charge, complaint or other action which has been or may be filed and which relates to the Executive’s employment with or duties and responsibilities to the
Company. 

 15. Executive Acknowledgment. The Executive acknowledges and agrees that
(i) he has read and understands this Agreement, is fully aware of its legal effect, has not acted in reliance upon any representations or promises made by the Company or any officers, directors or agents thereofother than those contained in
writing herein, and has entered into this Agreement freely based on his own judgment, and (ii) the Executive has been advised by the Company to seek legal counsel and has had the opportunity to seek such counsel prior to executing this
Agreement and the Release. 
 [signature page follows] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first
above written. 
 SKULLCANDY, INC. 

/s/    Jeremy
Andrus                                 

By: Jeremy
Andrus                                  

Its: Chief Executive
Officer                    
 MITCH EDWARDS 
 /s/    Mitch
Edwards

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