Document:

Filed by Bowne Pure Compliance

 

Exhibit 10.62

REAFFIRMATION OF SECURITY AGREEMENTS

This REAFFIRMATION OF SECURITY AGREEMENTS, dated as of July 26, 2007 (this “Security
Reaffirmation Agreement”), is by and among Rio Vista Energy Partners L.P., a Delaware limited
partnership (the “Borrower” and a “Grantor”), Penn Octane Corporation, a Delaware corporation
(“POC” and a “Grantor”) and Rio Vista Operating Partnership L.P., a Delaware limited partnership
(“RVOP”, a “Grantor” and together with the Borrower and POC, the “Grantors”) and RZB Finance LLC
(the “Lender”).

RECITALS

WHEREAS, the Borrower has entered into a Loan Agreement dated as of July 26, 2007 (as amended,
supplemented or otherwise modified from time to time, the “Loan Agreement”; capitalized terms used
herein and not otherwise defined herein shall have the meanings given to them in the Loan
Agreement) between the Borrower and the Lender;

WHEREAS, as a condition precedent to the effectiveness of the Loan Agreement, each of POC and
RVOP has executed and delivered to the Lender a Guaranty and Agreement dated as of July 26, 2007
(as each may be amended, supplemented or otherwise modified from time to time, each individually, a
“Guarantee” and collectively, the “Guarantees”);

WHEREAS, the Borrower, POC and RVOP have heretofore executed and delivered to the Lender
General Security Agreements dated September 15, 2004, February 13, 2002 and September 15, 2004,
respectively (as they may be amended, supplemented or otherwise modified from time to time, each
individually, a “Security Agreement” and collectively, the “Security Agreements”); and

WHEREAS, the Grantors wish to reaffirm that the provisions of the Security Agreements shall
remain in full force and effect and to confirm that the liens granted thereunder secure (i) in the
case of the Borrower’s Security Agreement, the Obligations, (ii) in the case of POC’s Security
Agreement, the obligations of POC under its Guarantee and (iii) in the case of RVOP’s Security
Agreement, the obligations of RVOP under its Guarantee.

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

1. The Borrower hereby (i) reaffirms its Security Agreement and all of its obligations
thereunder, (ii) certifies that the Liens granted thereunder are continuing and in full force and
effect, and (iii) confirms that the Liens granted thereunder secure the Obligations in addition to
all other Obligations (as defined in the Borrower’s Security Agreement).

 

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2. POC hereby (i) reaffirms its Security Agreement and all of its obligations thereunder, (ii)
certifies that the Liens granted thereunder are continuing and in full force and effect, and (iii)
confirms that the Liens granted thereunder secure its obligations under its Guarantee in addition
to all other Obligations (as defined in POC’s Security Agreement).

3. RVOP hereby (i) reaffirms its Security Agreement and all of its obligations thereunder,
(ii) certifies that the Liens granted thereunder are continuing and in full force and effect, and
(iii) confirms that the Liens granted thereunder secure its obligations under its Guarantee in
addition to all other Obligations (as defined in RVOP’s Security Agreement).

4. Each of the Grantors acknowledges that this Security Reaffirmation Agreement is a Loan
Document.

5. This Security Reaffirmation Agreement shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns.

6. THIS SECURITY REAFFIRMATION AGREEMENT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND
ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO
CONFLICTS OF LAWS PRINCIPLES.

7. This Security Reaffirmation Agreement and any amendments, waivers, consents, or supplements
may be executed in any number of counterparts and by different parties hereto in separate
counterparts, each of which when so executed and delivered shall be deemed an original, but all of
which counterparts together shall constitute but one and the same instrument. This Security
Reaffirmation Agreement shall become effective upon the execution of a counterpart hereof by each
of the parties hereto. Delivery of an executed counterpart of a signature page to this Security
Reaffirmation Agreement by telecopier shall be as effective as delivery of a manually executed
counterpart thereof.

 

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IN WITNESS WHEREOF, the parties have caused this Security Reaffirmation Agreement to be duly
executed and delivered the day and year first above written.

	 	 	 	 	 
	 	GRANTORS

RIO VISTA ENERGY PARTNERS L.P.

By: Rio Vista GP LLC, its General Partner

 	 
	 	By:  	/s/ Ian Bothwell
 	 
	 	 	Name:  	Ian Bothwell 	 
	 	 	Title:  	Acting Chief Executive Officer 	 
	 
	 	PENN OCTANE CORPORATION

 	 
	 	By:  	/s/ Ian Bothwell
 	 
	 	 	Name:  	Ian Bothwell 	 
	 	 	Title:  	Acting Chief Executive Officer 	 
	 
	 	RIO VISTA OPERATING PARTNERSHIP L.P.

By: Rio Vista Operating GP LLC, its General Partner

 	 
	 	By:  	/s/ Ian Bothwell
 	 
	 	 	Name:  	Ian Bothwell 	 
	 	 	Title:  	Acting Chief Executive Officer 	 
	 

	 	 	 	 	 
	 	ACKNOWLEDGED

RZB FINANCE LLC

 	 
	 	By:  	/s/ Nancy Remini
 	 
	 	 	Name:  	Nancy Remini 	 
	 	 	Title:  	Vice President 	 
	 
	 	 	 
	 	By:  	/s/ Pearl Geffers
 	 
	 	 	Name:  	Pearl Geffers 	 
	 	 	Title:  	First Vice President 	 
	 

 

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Exhibit
10.1

THIRD AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT

     THIS THIRD AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT (this “Agreement”) dated as
of the Effective Date between SILICON VALLEY BANK, a California corporation (“Bank”), and OMNITURE,
INC., a Delaware corporation (“Borrower”), provides the terms on which Bank shall lend to Borrower
and Borrower shall repay Bank.

          A. Bank and Borrower are parties to that certain Second Amended and Restated Loan and Security
Agreement, dated as of January 10, 2006, including amendments thereto (the “Original Agreement”).

          B. Borrower and Bank desire in this Agreement to set forth their agreement with respect to a
working capital line of credit and equipment lines of credit and to amend and restate in its
entirety without novation the Original Agreement in accordance with the provisions herein.

          C. The Negative Pledge Agreement, Account Control Agreement, UCC financing statements and any
Consent to Removal of Personal Property filed, executed or delivered at or about the time of the
execution and delivery of the Original Agreement or in relation to the Original Agreement remain in
full force and effect among the parties.

     The parties agree as follows:

     1
ACCOUNTING AND OTHER TERMS

     Accounting terms not defined in this Agreement shall be construed following GAAP.
Calculations and determinations must be made following GAAP. Capitalized terms not otherwise
defined in this Agreement shall have the meanings set forth in Section 13. All other terms
contained in this Agreement, unless otherwise indicated, shall have the meaning provided by the
Code to the extent such terms are defined therein.

     2 LOAN AND TERMS OF PAYMENT

     2.1 Promise to Pay. Borrower hereby unconditionally promises to pay Bank the outstanding
principal amount of all Credit Extensions and accrued and unpaid interest thereon as and when due
in accordance with this Agreement.

     2.1.1 Revolving Advances.

          (a) Availability. Subject to the terms and conditions of this Agreement, Bank shall
make Advances not exceeding the Availability Amount. Amounts borrowed under the Revolving Line may
be repaid and, prior to the Revolving Line Maturity Date, reborrowed, subject to the applicable
terms and conditions precedent herein, without penalty or premium. The first $3,000,000.00 of
Advances (including any Credit Extensions pursuant to the provisions of Sections 2.1.2, 2.1.3 and
2.1.4) shall be non-formula Advances under the Revolving Line (the “Non-Formula Advances”), and no
Borrowing Base Certificate will be required in connection with the Non-Formula Advances.

          (b) Termination; Repayment. The Revolving Line terminates on the Revolving Line
Maturity Date, when the principal amount of all Advances, the unpaid interest thereon, and all
other Obligations relating to the Revolving Line shall be immediately due and payable.

          (c) Subsidiaries. Bank, at its option, may require that one or more Domestic
Subsidiaries of Omniture, Inc. become co-borrowers, and Bank will give Omniture, Inc. not less than
30 days prior written notice before it imposes such requirement.

     2.1.2 Letters of Credit Sublimit.

          (a) As part of the Revolving Line, Bank shall issue or have issued Letters of Credit for
Borrower’s account. The face amount of outstanding Letters of Credit (including drawn but
unreimbursed Letters of Credit and any Letter of Credit Reserve) may not exceed the Availability
Amount. Such aggregate amounts utilized hereunder shall at all times reduce the amount otherwise
available for Advances under the Revolving Line. If, on the Revolving Maturity Date, there are any
outstanding Letters of Credit, then on such date Borrower shall provide

 

 

to Bank cash collateral in an amount equal to 105% of the face amount of all such Letters of
Credit plus all interest, fees, and costs due or to become due in connection therewith (as
estimated by Bank in its good faith business judgment), to secure all of the Obligations relating
to said Letters of Credit. All Letters of Credit shall be in form and substance acceptable to Bank
in its sole discretion and shall be subject to the terms and conditions of Bank’s standard
Application and Letter of Credit Agreement (the “Letter of Credit Application”). Borrower agrees
to execute any further documentation in connection with the Letters of Credit as Bank may
reasonably request. Borrower further agrees to be bound by the regulations and interpretations of
the issuer of any Letters of Credit guarantied by Bank and opened for Borrower’s account or by
Bank’s interpretations of any Letter of Credit issued by Bank for Borrower’s account, and Borrower
understands and agrees that Bank shall not be liable for any error, negligence, or mistake, whether
of omission or commission, in following Borrower’s instructions or those contained in the Letters
of Credit or any modifications, amendments, or supplements thereto.

          (b) The obligation of Borrower to immediately reimburse Bank for drawings made under Letters
of Credit shall be absolute, unconditional, and irrevocable, and shall be performed strictly in
accordance with the terms of this Agreement, such Letters of Credit, and the Letter of Credit
Application.

          (c) Borrower may request that Bank issue a Letter of Credit payable in a Foreign Currency. If
a demand for payment is made under any such Letter of Credit, Bank shall treat such demand as an
Advance to Borrower of the equivalent of the amount thereof (plus fees and charges in connection
therewith such as wire, cable, SWIFT or similar charges) in Dollars at the then-prevailing rate of
exchange in San Francisco, California, for sales of the Foreign Currency for transfer to the
country issuing such Foreign Currency.

          (d) To guard against fluctuations in currency exchange rates, upon the issuance of any Letter
of Credit payable in a Foreign Currency, Bank shall create a reserve (the “Letter of Credit
Reserve”) under the Revolving Line in an amount equal to ten percent (10%) of the face amount of
such Letter of Credit. The amount of the Letter of Credit Reserve may be adjusted by Bank from
time to time to account for fluctuations in the exchange rate. The availability of funds under the
Revolving Line shall be reduced by the amount of such Letter of Credit Reserve for as long as such
Letter of Credit remains outstanding.

     2.1.3 Foreign Exchange Sublimit. As part of the Revolving Line, Borrower may enter into
foreign exchange contracts with Bank under which Borrower commits to purchase from or sell to Bank
a specific amount of Foreign Currency (each, a “FX Forward Contract”) on a specified date (the
“Settlement Date”). FX Forward Contracts shall have a Settlement Date of at least one (1) FX
Business Day after the contract date and shall be subject to a reserve of ten percent (10%) of each
outstanding FX Forward Contract in a maximum aggregate amount equal to the Availability Amount (the
“FX Reserve”). The aggregate amount of FX Forward Contracts at any one time may not exceed ten
(10) times the amount of the FX Reserve.

     2.1.4 Cash Management Services Sublimit. Borrower may use up to the Availability Amount (the
“Cash Management Services Sublimit”) of the Revolving Line for Bank’s cash management services
which may include merchant services, direct deposit of payroll, business credit card, and check
cashing services identified in Bank’s various cash management services agreements (collectively,
the “Cash Management Services”). Any amounts Bank pays on behalf of Borrower or any amounts that
are not paid by Borrower for any Cash Management Services will be treated as Advances under the
Revolving Line and will accrue interest at the interest rate applicable to Advances.

     2.1.5 [Intentionally Omitted]

     2.1.6 Equipment Advances.

          (a) Bank has made three advances (“Equipment Advance” and, collectively, “Equipment
Advances”). No further Equipment Advances shall be made to Borrower under the Equipment Line. The
outstanding principal amount of each Equipment Advance as of the date of this Agreement and the
fixed rate of interest thereon are as follows:

	 	 	 	 	 	 	 	 	 
	 	 	Principal Balance	 	Interest Rate
	 
	 	 	 	 	 	 	 	 
	Equipment Advance #2
	 	$	120,555.22	 	 	 	4.81	%
	 
	 	 	 	 	 	 	 	 
	Equipment Advance #3
	 	$	150,364.35	 	 	 	5.06	%

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          (b) Interest accrues from the date of each Equipment Advance at the rates set forth above.
Each Equipment Advance shall immediately amortize and is payable in 36 equal monthly installments
of principal plus interest, beginning on the first day of each month following the date of the
Equipment Advance and continuing on the first day of each month thereafter (each, a “Payment Date”)
through the end of the thirty-six (36) month term (each, the “Equipment Maturity Date”). Equipment
Advances when repaid may not be reborrowed. The final payment is due on the Equipment Maturity
Date and shall include all outstanding principal plus all accrued unpaid interest. Payments
received after 12:00 noon Pacific Time are considered received at the opening of business on the
next Business Day.

          (c) Equipment Advances may be prepaid in whole or in part at any time. If Borrower prepays
in whole or in part any Equipment Advance, then Borrower shall also pay to Bank contemporaneously
with such prepayment, the amount of the Prepayment Fee applicable thereto.

     2.1.7 Second Equipment Advances.

          (a) Availability. Subject to the terms and conditions of this Agreement, during the
Draw Period, Bank shall make advances (each, a “Second Equipment Advance” and, collectively,
“Second Equipment Advances”) not exceeding the Second Equipment Line minus the original principal
amount of the Outstanding Second Equipment Advances. Equipment Advances may only be used to
finance Eligible Equipment purchased within ninety (90) days (determined based upon the applicable
invoice date of such Eligible Equipment) before the date of each Equipment Advance; provided
however that if it is advanced within sixty (60) days after the Effective Date, the initial Second
Equipment Advance may be used to finance Eligible Equipment purchased on or after December 31,
2006. No Equipment Advance may exceed 100% of the total invoice for Eligible Equipment, excluding
taxes, shipping, warranty charges, freight discounts and installation expenses relating to such
Eligible Equipment. Taxes, shipping, warranty charges, freight and installation expenses relating
to such Eligible Equipment may constitute up to 25% of each Second Equipment Advance. Each
Equipment Advance, other than the final Equipment Advance, must be in an amount equal to at least
$100,000.00. After repayment, no Second Equipment Advance may be reborrowed. All Eligible
Equipment financed by Bank, including the Equipment financed pursuant to the Outstanding Second
Equipment Advances, shall be located at all times in the United States; provided, that
notwithstanding the foregoing, Borrower may maintain not more than $2,000,000.00 of Equipment,
based on the original cost of such Equipment, financed with Second Equipment Advances outside of
the United States.

          (b) Outstanding Second Equipment Advances. The outstanding principal amount of each
Second Equipment Advance as of the date of this Agreement (the “Outstanding Second Equipment
Advances”) and the fixed rate of interest thereon are as follows:

	 	 	 	 	 	 	 	 	 
	 	 	Principal Balance	 	Interest Rate
	 
	 	 	 	 	 	 	 	 
	Second Equipment Advance #1
	 	$	944,444.36	 	 	 	7.55	%
	 
	 	 	 	 	 	 	 	 
	Second Equipment Advance #2
	 	$	549,999.92	 	 	 	7.77	%
	 
	 	 	 	 	 	 	 	 
	Second Equipment Advance #3
	 	$	1,055,555.49	 	 	 	8.03	%
	 
	 	 	 	 	 	 	 	 
	Second Equipment Advance #4
	 	$	1,202,777.91	 	 	 	8.38	%
	 
	 	 	 	 	 	 	 	 
	Second Equipment Advance #5
	 	$	1,431,680.56	 	 	 	8.79	%

          (c) Repayment. Each Second Equipment Advance shall immediately amortize and be
payable in 48 equal payments of principal and interest beginning 30 days following such Second
Equipment Advance and continuing on the same day of each month thereafter. The final payment due
on the applicable Second Equipment Maturity Date shall include all outstanding principal and all
accrued unpaid interest.

          (d) Prepayment. Second Equipment Advances may be prepaid in whole or in part at any
time, subject to the terms and conditions herein. Except as otherwise set forth in Sections 3.7
and 3.8, there shall be no prepayment fee or charge to prepay any Second Equipment Advance on which
interest accrues at the floating Prime Rate or the LIBOR Rate plus the LIBOR Rate Margin. At
Borrower’s option, so long as an Event of Default has not occurred and is not continuing, Borrower
shall have the option to prepay all, but not less than all, of a Second Equipment Advance on which
interest accrues at the Second Equipment Advance Fixed Rate Option,

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provided Borrower (a)
provides written notice to Bank of its election to exercise to prepay the Second Equipment
Advance at least five (5) Business Days prior to such prepayment, and (b) pays, on the date of
the prepayment (i) all accrued and unpaid interest with respect to the Second Equipment Advance
through the date the prepayment is made; (ii) all unpaid principal with respect to the Second
Equipment Advance; (iii) a premium equal to the Prepayment Fee; and (iv) all other sums, if any,
that shall have become due and payable hereunder with respect to this Agreement.

     2.1.8 Maximum Amount of Obligations. Notwithstanding anything to the contrary in this
Agreement, the maximum outstanding principal amount of the Equipment Advances, Second Equipment
Advances and Advances under the Committed Revolving Line plus the original principal amount of the
Outstanding Second Equipment Advances shall not exceed the sum of Thirty Million Dollars
($30,000,000.00). If the outstanding principal amount of Borrower’s Obligations (the original
principal amount of the Outstanding Second Equipment Advances shall be included in lieu of the
outstanding principal balance due thereunder) exceeds the maximum limitation set forth herein,
Borrower shall immediately pay Bank the excess.

     2.2 Overadvances. If, at any time, the Credit Extensions under Sections 2.1.1, 2.1.2, 2.1.3
and 2.1.4 exceed the lesser of either (a) the Revolving Line or (b) the Borrowing Base plus
$3,000,000.00, Borrower shall pay to Bank in cash such excess within one (1) Business Day after
Borrower has reported its Borrowing Base as calculated by Borrower and confirmed by Bank.

     2.3 General Provisions Relating to the Advances. Each Advance shall, at Borrower’s option in
accordance with the terms of this Agreement, be either in the form of a Prime Rate Advance or a
LIBOR Advance; provided that in no event shall Borrower maintain at any time LIBOR Advances having
more than two (2) different Interest Periods. Borrower shall pay interest accrued on the Advances
at the rates and in the manner set forth in Section 2.4(a)(i).

      2.4 Payment of Interest on the Credit Extensions.

          (a) Computation of Interest. Interest on the Credit Extensions and all fees payable
hereunder shall be computed on the basis of a 360-day year and the actual number of days elapsed in
the period during which such interest accrues. In computing interest on any Credit Extension, the
date of the making of such Credit Extension shall be included and the date of payment shall be
excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is
made, such day shall be included in computing interest on such Credit Extension.

                    (i) Advances. Each Advance shall bear interest on the outstanding principal amount
thereof from the date when made, continued or converted until paid in full at a rate per annum
equal to the Prime Rate or the LIBOR Rate plus the LIBOR Rate Margin, as the case may be. On and
after the expiration of any Interest Period applicable to any LIBOR Advance outstanding on the date
of occurrence of an Event of Default or acceleration of the Obligations, the Effective Amount of
such LIBOR Advance shall, during the continuance of such Event of Default or after acceleration,
bear interest at a rate per annum equal to the Prime Rate plus three percent (3.00%). Pursuant to
the terms hereof, interest on each Advance shall be paid in arrears on each Interest Payment Date.
Interest shall also be paid on the date of any prepayment of any Advance pursuant to this Agreement
for the portion of any Advance so prepaid and upon payment (including prepayment) in full thereof.
All accrued but unpaid interest on the Advances shall be due and payable on the Revolving Line
Maturity Date.

                    (ii) Second Equipment Advances. The principal amount outstanding for Second Equipment
Advances made after the Effective Date hereof shall accrue interest from the date when made,
continued or converted until paid in full at a rate per annum equal to a floating per annum rate
equal to the Prime Rate or the LIBOR Rate plus the LIBOR Rate Margin or a fixed per annum rate (the
“Second Equipment Advance Fixed Rate Option”) equal to the Prime Rate on the date of the Second
Equipment Advance, which interest shall be payable monthly. Borrower shall elect the floating or
fixed rate options on or before the date of each Second Equipment Advance, and if Borrower fails to
make an election with respect to any Second Equipment Advance, including without limitation, any
election after termination of any Interest Period, then the interest rate for the outstanding
principal of such Second Equipment Advance shall be the floating Prime Rate. On and after the
expiration of any Interest Period applicable to any LIBOR Second Equipment Advance outstanding on
the date of occurrence of an Event of Default or acceleration of the Obligations, the Effective
Amount of such LIBOR Second Equipment Advance shall, during the continuance of such Event of
Default or after acceleration, bear interest at a rate per annum equal to the Prime Rate plus three
percent (3.00%). If Borrower elects the floating Prime Rate option or the

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Second Equipment Advance Fixed Rate Option as of the date of the Second Equipment Advance, then such election is irrevocable
with respect to such Second Equipment Advance. If Borrower elects the LIBOR Rate plus the LIBOR
Rate Margin as of the date of the Second Equipment Advance, then Borrower may convert the
interest rate on such Second Equipment Advance to the floating Prime Rate and/or back to the LIBOR
Rate plus the LIBOR Rate Margin in accordance with the terms set forth in Section 3.6.

          (b) Default Rate. Except as otherwise provided in Section 2.4(a)(i) and (ii), after an
Event of Default, Obligations shall bear interest three percent (3.00%) above the rate effective
immediately before the Event of Default (the “Default Rate”). Payment or acceptance of the
increased interest provided in this Section 2.4(b) is not a permitted alternative to timely payment
and shall not constitute a waiver of any Event of Default or otherwise prejudice or limit any
rights or remedies of Bank.

          (c) Prime Rate Advances. Each change in the interest rate of the Prime Rate Advances
based on changes in the Prime Rate shall be effective on the effective date of such change and to
the extent of such change. Bank shall use its best efforts to give Borrower prompt notice of any
such change in the Prime Rate; provided, however, that any failure by Bank to provide Borrower with
notice hereunder shall not affect Bank’s right to make changes in the interest rate of the Prime
Rate Advances based on changes in the Prime Rate. Changes to the interest rate of any other Credit
Extension based on changes to the Prime Rate shall also be effective on the effective date of any
change to the Prime Rate and to the extent of any such change.

          (d) LIBOR Advances. The interest rate applicable to each LIBOR Advance and LIBOR
Second Equipment Advance shall be determined in accordance with Section 3.4(a) and 3.5(a)
hereunder, respectively. Subject to Sections 3.6 and 3.7, such rate shall apply during the entire
Interest Period applicable to such LIBOR Advance and LIBOR Second Equipment Advance, and interest
calculated thereon shall be payable on the Interest Payment Date applicable to such LIBOR Advance,
but in no event more than ninety (90) days after the commencement of the Interest Period, or shall
be payable monthly with respect to the interest on any LIBOR Second Equipment Advance.

          (e) 360-Day Year. Interest shall be computed on the basis of a 360-day year for the
actual number of days elapsed.

          (f) Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including
the Designated Deposit Account, for principal and interest payments when due, or any other amounts
Borrower owes Bank, when due. Bank shall promptly notify Borrower after it debits Borrower’s
accounts. These debits shall not constitute a set-off.

          (g) Payments. Unless otherwise provided, interest is payable monthly on the 14th
calendar day of each month. Payments of principal and/or interest received after 12:00 p.m.
Pacific time are considered received at the opening of business on the next Business Day. When a
payment is due on a day that is not a Business Day, the payment is due the next Business Day and
additional fees or interest, as applicable, shall continue to accrue.

     2.5 Fees. Borrower shall pay to Bank:

          (a) Commitment Fee — Revolving Line. A fully earned, non-refundable commitment fee
of $12,500.00 for the increase in the Revolving Line, on the Effective Date;

          (b) Commitment Fee — Second Equipment Line. A fully-earned, non-refundable
commitment fee of $30,000.00 for the increase in the Second Equipment Line, on the Effective Date;
and

          (c) Bank Expenses. All Bank Expenses (including reasonable attorneys’ fees and
expenses, which attorney’s fees for the documentation and negotiation of this Agreement will not
exceed $30,000.00 as of the Effective Date) incurred through and after the Effective Date, when
due. Bank shall provide in reasonable detail an itemization of such Bank Expenses prior to the due
date for payment of such Bank Expenses.

     3 CONDITIONS OF LOANS

     3.1 Conditions Precedent to Initial Credit Extension. Bank’s obligation to make the initial
Credit Extension is subject to the condition precedent that Bank shall have received, in form and
substance satisfactory to

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Bank, such documents, and completion of such other matters, as Bank may
reasonably deem necessary or appropriate, including, without limitation:

          (a) Borrower shall have delivered duly executed original signatures to the Loan Documents to
which it is a party;

          (b) Bank shall have received good standing certificates of Borrower certified by the Secretary
of State of the States of Delaware and Utah as of a date no earlier than thirty (30) days prior to
the Effective Date;

          (c) Bank shall have received certified copies, dated as of a recent date, of financing
statement searches, as Bank shall request, accompanied by written evidence (including any UCC
termination statements) that the Liens indicated in any such financing statements either constitute
Permitted Liens or have been or, in connection with the initial Credit Extension, will be
terminated or released;

          (d) Borrower shall have delivered the Perfection Certificate(s) executed by Borrower;

          (e) Borrower shall have delivered evidence satisfactory to Bank that the insurance policies
required by Section 6.4 hereof are in full force and effect, together with appropriate evidence
showing loss payable and/or additional insured clauses or endorsements in favor of Bank; and

          (f) Borrower shall have paid the fees and Bank Expenses then due as specified in Section 2.5
hereof.

     3.2 Conditions Precedent to all Credit Extensions. Bank’s obligations to make each Credit
Extension, including the initial Credit Extension, is subject to the following:

          (a) subject to the terms set forth in Section 3.5, timely receipt of a Notice of Borrowing;

          (b) the representations and warranties in Section 5 shall be true in all material respects on
the date of the Notice of Borrowing, and on the effective date of each Credit Extension; provided,
however, that such materiality qualifier shall not be applicable to any representations and
warranties that already are qualified or modified by materiality in the text thereof; and provided,
further that those representations and warranties expressly referring to a specific date shall be
true, accurate and complete in all material respects as of such date, and no Event of Default shall
have occurred and be continuing or result from the Credit Extension. Each Credit Extension is
Borrower’s representation and warranty on that date that the representations and warranties in
Section 5 remain true in all material respects; provided, however, that such materiality qualifier
shall not be applicable to any representations and warranties that already are qualified or
modified by materiality in the text thereof; and provided, further that those representations and
warranties expressly referring to a specific date shall be true, accurate and complete in all
material respects as of such date; and

          (c) in Bank’s sole discretion, there has not been any material impairment in the general
affairs, management, results of operation, financial condition or the prospect of repayment of the
Obligations, or there has not been any material adverse deviation by Borrower from the most recent
business plan of Borrower presented to and accepted by Bank.

     3.3 Covenant to Deliver.

     Borrower agrees to deliver to Bank each item required to be delivered to Bank under this
Agreement as a condition to any Credit Extension. Borrower expressly agrees that the extension of
a Credit Extension prior to the receipt by Bank of any such item shall not constitute a waiver by
Bank of Borrower’s obligation to deliver such item, and any such extension in the absence of a
required item shall be in Bank’s sole discretion.

     3.4 Procedures for Borrowing of Advances.

          (a) Subject to the prior satisfaction of all other applicable conditions to the making of an
Advance set forth in this Agreement, each Advance shall be made upon Borrower’s irrevocable written
notice delivered to Bank in the form of a Notice of Borrowing, each executed by a Responsible
Officer of Borrower or his

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or her designee or without instructions if the Advances are necessary to
meet Obligations which have become due. Bank may rely on any telephone notice given by a person
whom Bank believes is a Responsible Officer or designee. Borrower will indemnify Bank for any loss
Bank suffers due to such reliance. Such Notice of Borrowing must be received by Bank prior to
11:00 a.m. Pacific time, (i) at least three (3) Business Days prior to the requested Funding
Date, in the case of LIBOR Advances, and (ii) at least one (1) Business Day prior to the
requested Funding Date, in the case of Prime Rate Advances, specifying:

                    (1) the amount of the Advance, which, if a LIBOR Advance is requested, shall be in an
aggregate minimum principal amount of $1,000,000 or in any integral multiple of $1,000,000 in
excess thereof;

                    (2) the requested Funding Date;

                    (3) whether the Advance is to be comprised of LIBOR Advances or Prime Rate Advances; and

                    (4) the duration of the Interest Period applicable to any such LIBOR Advances included in such
notice; provided that if the Notice of Borrowing shall fail to specify the duration of the Interest
Period for any Advance comprised of LIBOR Advances, such Interest Period shall be one (1) month.

          (b) The proceeds of all such Advances will then be made available to Borrower on the Funding
Date by Bank by transfer to the Designated Deposit Account and, subsequently, by wire transfer to
such other account as Borrower may instruct in the Notice of Borrowing. No Advances shall be
deemed made to Borrower, and no interest shall accrue on any such Advance, until the related funds
have been deposited in the Designated Deposit Account.

     3.5 Procedures for Borrowing of Second Equipment Advances.

          (a) Subject to the prior satisfaction of all other applicable conditions to the making of a
Second Equipment Advance set forth in this Agreement, to obtain a Second Equipment Advance,
Borrower must notify Bank (which notice shall be irrevocable) by electronic mail or facsimile,
which notice shall be in the form of a Notice of Borrowing, must be signed by a Responsible Officer
or designee, and shall include a copy of the invoice for the Equipment being financed and whether
any of the Equipment will be located outside the United States. Bank may rely on any telephone
notice given by a person whom Bank believes is a Responsible Officer or designee. Borrower will
indemnify Bank for any loss Bank suffers due to such reliance. Such Notice of Borrowing must be
received by Bank prior to 11:00 a.m. Pacific time, (i) at least three (3) Business Days prior to
the requested Funding Date, in the case of LIBOR Second Equipment Advances, and (ii) at least one
(1) Business Day prior to the requested Funding Date, in the case of Prime Rate Second Equipment
Advances or Fixed Rate Second Equipment Advances, specifying:

                    (1) the amount of the Second Equipment Advance, which, if a LIBOR Second Equipment Advance is
requested, shall be in an aggregate minimum principal amount of $1,000,000 or in any integral
multiple of $1,000,000 in excess thereof;

                    (2) the requested Funding Date;

                    (3) whether the Second Equipment Advance is to be comprised of LIBOR Second Equipment
Advances, Fixed Rate Second Equipment Advances or Prime Rate Second Equipment Advances; and

                    (4) the duration of the Interest Period applicable to any such LIBOR Second Equipment Advances
included in such notice; provided that if the Notice of Borrowing shall fail to specify the
duration of the Interest Period for any Second Equipment Advance comprised of LIBOR Second
Equipment Advances, such Interest Period shall be three (3) months.

          (b) The proceeds of all such Second Equipment Advances will then be made available to Borrower
on the Funding Date by Bank by transfer to the Designated Deposit Account and, subsequently, by
wire transfer to such other account as Borrower may instruct in the Notice of Borrowing. No Second
Equipment Advances shall be deemed made to Borrower, and no interest shall accrue on any such
Second Equipment Advance, until the related funds have been deposited in the Designated Deposit
Account.

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     3.6 Conversion and Continuation Elections.

          (a) So long as (i) no Event of Default or Default exists; (ii) Borrower shall not have sent
any notice of termination of this Agreement; and (iii) Borrower shall have complied with such
customary procedures as
Bank has established from time to time for Borrower’s requests for LIBOR Advances and LIBOR
Second Equipment Advances, Borrower may, upon irrevocable written notice to Bank:

                    (1) elect to convert on any Business Day, Prime Rate Advances or LIBOR Second Equipment
Advances in an amount equal to $1,000,000 or any integral multiple of $1,000,000 in excess thereof
into LIBOR Advances;

                    (2) elect to continue on any Interest Payment Date any LIBOR Advances or LIBOR Second
Equipment Advances maturing on such Interest Payment Date (or any part thereof in an amount equal
to $1,000,000 or any integral multiple of $1,000,000 in excess thereof); provided, that if the
aggregate amount of LIBOR Advances maturing on such Interest Payment Date or the aggregate amount
of LIBOR Second Equipment Advances maturing on such Interest Payment Date shall have been reduced,
by payment, prepayment, or conversion of part thereof, to be less than $1,000,000, such LIBOR
Advances or LIBOR Second Equipment Advances shall automatically convert into Prime Rate Advances or
Prime Rate Second Equipment Advances, respectively, and on and after such date the right of
Borrower to continue such Advances or Second Equipment Advances as, and convert such Advances or
Second Equipment Advances into, LIBOR Advances or LIBOR Second Equipment Advances shall terminate;
or

                    (3) elect to convert on any Interest Payment Date any LIBOR Advances or LIBOR Second Equipment
Advances maturing on such Interest Payment Date (or any part thereof in an amount equal to
$1,000,000 or any integral multiple of $1,000,000 in excess thereof) into Prime Rate Advances or
Prime Rate Second Equipment Advances, respectively.

          (b) Borrower shall deliver a Notice of Conversion/Continuation in accordance with Section 10
to be received by Bank prior to 11:00 a.m. Pacific time at least (i) three (3) Business Days in
advance of the Conversion Date or Continuation Date, if any Advances or Second Equipment Advances
are to be converted into or continued as LIBOR Advances or LIBOR Second Equipment Advances,
respectively; and (ii) one (1) Business Day in advance of the Conversion Date, if any Advances or
Second Equipment Advances are to be converted into Prime Rate Advances or Prime Rate Second
Equipment Advances, respectively, in each case specifying the:

                    (1) proposed Conversion Date or Continuation Date;

                    (2) aggregate amount of the Advances or Second Equipment Advances to be converted or continued
which, if any Advances or Second Equipment Advances are to be converted into or continued as LIBOR
Advances or LIBOR Second Equipment Advances, respectively, shall be in an aggregate minimum
principal amount of $1,000,000 or in any integral multiple of $1,000,000 in excess thereof;

                    (3) nature of the proposed conversion or continuation; and

                    (4) duration of the requested Interest Period.

          (c) If upon the expiration of any Interest Period applicable to any LIBOR Advances or LIBOR
Second Equipment Advances, Borrower shall have timely failed to select a new Interest Period to be
applicable to such LIBOR Advances or LIBOR Second Equipment Advances, Borrower shall be deemed to
have elected to convert such LIBOR Advances or LIBOR Second Equipment Advances into Prime Rate
Advances or Prime Rate Second Equipment Advances, respectively.

          (d) Any LIBOR Advances or LIBOR Second Equipment Advances shall, at Bank’s option, convert
into Prime Rate Advances or Prime Rate Second Equipment Advances, respectively, in the event that
(i) an Event of Default or Default shall exist, or (ii) with respect to LIBOR Advances and Prime
Rate Advances only, the aggregate principal amount of the Prime Rate Advances which have been
previously converted to LIBOR Advances, or the aggregate principal amount of existing LIBOR
Advances continued, as the case may be, at the beginning of an Interest Period shall at any time
during such Interest Period exceed the Revolving Line. Borrower agrees to pay Bank, upon demand by
Bank (or Bank may, at its option, charge the Designated Deposit Account or any other account
Borrower maintains with Bank) any amounts required to compensate Bank for any loss (including loss
of

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anticipated profits), cost, or expense incurred by Bank, as a result of the conversion of LIBOR
Advances or LIBOR Second Equipment Advances to Prime Rate Advances or Prime Rate Second Equipment
Advances, respectively, pursuant to any of the foregoing.

          (e) Notwithstanding anything to the contrary contained herein, Bank shall not be required to
purchase United States Dollar deposits in the London interbank market or other applicable LIBOR
market to fund any LIBOR Advances or LIBOR Second Equipment Advances, but the provisions hereof
shall be deemed to apply as if Bank had purchased such deposits to fund the LIBOR Advances or LIBOR
Second Equipment Advances.

     3.7 Special Provisions Governing LIBOR Advances and LIBOR Second Equipment Advances.

     Notwithstanding any other provision of this Agreement to the contrary, the following
provisions shall govern with respect to LIBOR Advances and LIBOR Second Equipment Advances as to
the matters covered:

          (a) Determination of Applicable Interest Rate. As soon as practicable on each
Interest Rate Determination Date, Bank shall determine (which determination shall, absent manifest
error in calculation, be final, conclusive and binding upon all parties) the interest rate that
shall apply to the LIBOR Advances and LIBOR Second Equipment Advances for which an interest rate is
then being determined for the applicable Interest Period and shall promptly give notice thereof (in
writing or by telephone confirmed in writing) to Borrower.

          (b) Inability to Determine Applicable Interest Rate. In the event that Bank shall
have determined (which determination shall be final and conclusive and binding upon all parties
hereto), on any Interest Rate Determination Date with respect to any LIBOR Advance or LIBOR Second
Equipment Advance, that by reason of circumstances affecting the London interbank market adequate
and fair means do not exist for ascertaining the interest rate applicable to such Advance or Second
Equipment Advance on the basis provided for in the definition of LIBOR, Bank shall on such date
give notice (by facsimile or by telephone confirmed in writing) to Borrower of such determination,
whereupon (i) no Advances or Second Equipment Advances may be made as, or converted to, LIBOR
Advances or LIBOR Second Equipment Advances, respectively, until such time as Bank notifies
Borrower that the circumstances giving rise to such notice no longer exist, and (ii) any Notice of
Borrowing or Notice of Conversion/Continuation given by Borrower with respect to Advances or Second
Equipment Advances in respect of which such determination was made shall be deemed to be rescinded
by Borrower.

          (c) Compensation for Breakage or Non-Commencement of Interest Periods. Borrower shall
compensate Bank, upon written request by Bank (which request shall set forth the manner and method
of computing such compensation), for all reasonable losses, expenses and liabilities, if any
(including any interest paid by Bank to lenders of funds borrowed by it to make or carry its LIBOR
Advances and LIBOR Second Equipment Advances and any loss, expense or liability incurred by Bank in
connection with the liquidation or re-employment of such funds) such that Bank may incur: (i) if
for any reason (other than a default by Bank or due to any failure of Bank to fund LIBOR Advances
or LIBOR Second Equipment Advances due to impracticability or illegality under Sections 3.8(d) and
3.8(e)) a borrowing or a conversion to or continuation of any LIBOR Advance or LIBOR Second
Equipment Advance does not occur on a date specified in a Notice of Borrowing or a Notice of
Conversion/Continuation, as the case may be, or (ii) if any principal payment or any conversion of
any of its LIBOR Advances or LIBOR Second Equipment Advances occurs on a date prior to the last day
of an Interest Period applicable to that Advance or Second Equipment Advance, respectively.

          (d) Assumptions Concerning Funding of LIBOR Advances and LIBOR Second Equipment
Advances. Calculation of all amounts payable to Bank under this Section 3.7 and under Section
3.4 shall be made as though Bank had actually funded each of its relevant LIBOR Advances and LIBOR
Second Equipment Advances through the purchase of a Eurodollar deposit bearing interest at the rate
obtained pursuant to the definition of LIBOR Rate in an amount equal to the amount of such LIBOR
Advance or LIBOR Second Equipment Advance, as the case may be, and having a maturity comparable to
the relevant Interest Period; provided, however, that Bank may fund each of its LIBOR Advances and
LIBOR Second Equipment Advances in any manner it sees fit and the foregoing assumptions shall be
utilized only for the purposes of calculating amounts payable under this Section 3.7 and under
Section 3.4.

          (e) LIBOR Advances and LIBOR Second Equipment Advances After Default. After the
occurrence and during the continuance of an Event of Default, (i) Borrower may not elect to have an
Advance or Second Equipment Advance be made or continued as, or converted to, a LIBOR Advance or
LIBOR Second Equipment Advance, respectively, after the expiration of any Interest Period then in
effect for such Advance or

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Second Equipment Advance and (ii) subject to the provisions of Section
3.7(c), any Notice of Conversion/Continuation given by Borrower with respect to a requested
conversion/continuation that has not yet occurred shall be deemed to be rescinded by Borrower and
be deemed a request to convert or continue Advances or Second Equipment Advances referred to
therein as Prime Rate Advances or Prime Rate Second Equipment Advances, respectively.

     3.8 Additional Requirements/Provisions Regarding LIBOR Advances and LIBOR Second Equipment
Advances.

          (a) If for any reason (including voluntary or mandatory prepayment or acceleration), Bank
receives all or part of the principal amount of a LIBOR Advance or LIBOR Second Equipment Advance
prior to the last day of the Interest Period for such Advance or Second Equipment Advance, Borrower
shall immediately notify Borrower’s account officer at Bank and, on demand by Bank, pay Bank the
amount (if any) by which (i) the additional interest which would have been payable on the amount so
received had it not been received until the last day of such Interest Period exceeds (ii) the
interest which would have been recoverable by Bank by placing the amount so received on deposit in
the certificate of deposit markets, the offshore currency markets, or United States Treasury
investment products, as the case may be, for a period starting on the date on which it was so
received and ending on the last day of such Interest Period at the interest rate determined by Bank
in its reasonable discretion. Bank’s determination as to such amount shall be conclusive absent
manifest error.

          (b) Borrower shall pay Bank, upon demand by Bank, from time to time such amounts as Bank may
determine to be necessary to compensate it for any costs incurred by Bank that Bank determines are
attributable to its making or maintaining of any amount receivable by Bank hereunder in respect of
any Advances or Second Equipment Advances relating thereto (such increases in costs and reductions
in amounts receivable being herein called “Additional Costs”), in each case resulting from any
Regulatory Change which:

                    (i) changes the basis of taxation of any amounts payable to Bank under this Agreement in
respect of any Advances or Second Equipment Advances (other than changes which affect taxes
measured by or imposed on the overall net income of Bank by the jurisdiction in which Bank has its
principal office);

                    (ii) imposes or modifies any reserve, special deposit or similar requirements relating to any
extensions of credit or other assets of, or any deposits with, or other liabilities of Bank
(including any Advances, Second Equipment Advances or any deposits referred to in the definition of
LIBOR); or

                    (iii) imposes any other condition affecting this Agreement (or any of such extensions of
credit or liabilities).

     Bank will notify Borrower of any event occurring after the Closing Date which will entitle
Bank to compensation pursuant to this Section 3.8 as promptly as practicable after it obtains
knowledge thereof and determines to request such compensation. Bank will furnish Borrower with a
statement setting forth the basis and amount of each request by Bank for compensation under this
Section 3.8. Determinations and allocations by Bank for purposes of this Section 3.8 of the effect
of any Regulatory Change on its costs of maintaining its obligations to make Advances or Second
Equipment Advances, of making or maintaining Advances or Second Equipment Advances, or on amounts
receivable by it in respect of Advances or Second Equipment Advances, and of the additional amounts
required to compensate Bank in respect of any Additional Costs, shall be conclusive absent manifest
error.

          (c) If Bank shall determine that the adoption or implementation of any applicable law, rule,
regulation, or treaty regarding capital adequacy, or any change therein, or any change in the
interpretation or administration thereof by any governmental authority, central bank, or comparable
agency charged with the interpretation or administration thereof, or compliance by Bank (or its
applicable lending office) with any respect or directive regarding capital adequacy (whether or not
having the force of law) of any such authority, central bank, or comparable agency, has or would
have the effect of reducing the rate of return on capital of Bank or any person or entity
controlling Bank (a “Parent”) as a consequence of its obligations hereunder to a level below that
which Bank (or its Parent) could have achieved but for such adoption, change, or compliance (taking
into consideration policies with respect to capital adequacy) by an amount deemed by Bank to be
material, then from time to time, within fifteen (15) days after demand by Bank, Borrower shall pay
to Bank such additional amount or amounts as will

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compensate Bank for such reduction. A statement
of Bank claiming compensation under this Section 3.8(c) and setting forth the additional amount or
amounts to be paid to it hereunder shall be conclusive absent manifest error.

          (d) If, at any time, Bank, in its sole and absolute discretion, determines that (i) the amount
of LIBOR Advances and LIBOR Second Equipment Advances for periods equal to the corresponding
Interest Periods are not available to Bank in the offshore currency interbank markets, or (ii)
LIBOR does not accurately reflect the cost to Bank of lending the LIBOR Advances and LIBOR Second
Equipment Advances, then Bank shall promptly give notice thereof to Borrower. Upon the giving of
such notice, Bank’s obligation to make the LIBOR Advances
and LIBOR Second Equipment Advances shall terminate; provided, however, Advances and Second
Equipment Advances shall not terminate if Bank and Borrower agree in writing to a different
interest rate applicable to LIBOR Advances and LIBOR Second Equipment Advances.

          (e) If it shall become unlawful for Bank to continue to fund or maintain any LIBOR Advances or
LIBOR Second Equipment Advances, or to perform its obligations hereunder, upon demand by Bank,
Borrower shall prepay the Advances and Second Equipment Advances in full with accrued interest
thereon and all other amounts payable by Borrower hereunder (including, without limitation, any
amount payable in connection with such prepayment pursuant to Section 3.8(a)). Notwithstanding the
foregoing, to the extent a determination by Bank as described above relates to a LIBOR Advance or
LIBOR Second Equipment Advance then being requested by Borrower pursuant to a Notice of Borrowing
or a Notice of Conversion/Continuation, Borrower shall have the option, subject to the provisions
of Section 3.7(c), to (i) rescind such Notice of Borrowing or Notice of Conversion/Continuation by
giving notice (by facsimile or by telephone confirmed in writing) to Bank of such rescission on the
date on which Bank gives notice of its determination as described above, or (ii) modify such Notice
of Borrowing or Notice of Conversion/Continuation to obtain a Prime Rate Advance or Prime Rate
Second Equipment Advance or to have outstanding Advances or Second Equipment Advances converted
into or continued as Prime Rate Advances or Prime Rate Second Equipment Advances, respectively, by
giving notice (by facsimile or by telephone confirmed in writing) to Bank of such modification on
the date on which Bank gives notice of its determination as described above.

     4 CREATION OF SECURITY INTEREST

     4.1 Grant of Security Interest. Borrower hereby grants Bank, to secure the payment and
performance in full of all of the Obligations, a continuing security interest in, and pledges to
Bank, the Collateral, wherever located, whether now owned or hereafter acquired or arising, and all
proceeds and products thereof. Borrower represents, warrants, and covenants that the security
interest granted herein is and shall at all times continue to be a first priority perfected
security interest in the Collateral (subject only to Permitted Liens that may have superior
priority to Bank’s Lien under this Agreement). If Borrower shall acquire a commercial tort claim,
Borrower shall promptly notify Bank in a writing signed by Borrower of the general details thereof
and grant to Bank in such writing a security interest therein and in the proceeds thereof, all upon
the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory
to Bank.

     If this Agreement is terminated, Bank’s Lien in the Collateral shall continue until the
Obligations (other than inchoate indemnity obligations) are repaid in full in cash. Upon payment
in full in cash of the Obligations (other than inchoate indemnity obligations) and at such time as
Bank’s obligation to make Credit Extensions has terminated, Bank shall, at Borrower’s sole cost and
expense, release its Liens in the Collateral and all rights therein shall revert to Borrower.

     4.2 Authorization to File Financing Statements. Borrower hereby authorizes Bank to file
financing statements, without notice to Borrower, with all appropriate jurisdictions to perfect or
protect Bank’s interest or rights hereunder, including a notice that any disposition of the
Collateral, by either Borrower or any other Person, shall be deemed to violate the rights of Bank
under the Code.

     5 REPRESENTATIONS AND WARRANTIES

          Borrower represents and warrants as follows:

     5.1 Due Organization and Authorization. Borrower and each of its Subsidiaries are duly
existing and in good standing in their respective jurisdictions of formation and are qualified and
licensed to do business and are in good standing in any jurisdiction in which the conduct of their
business or their ownership of property requires that they be qualified except where the failure to
do so could not reasonably be expected to have a material

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adverse effect on Borrower’s business.
In connection with this Agreement, Borrower has delivered to Bank a completed certificate
substantially in the form attached hereto as Exhibit F signed by Borrower, entitled
“Perfection Certificate”. Borrower represents and warrants to Bank that (such representations and
warranties to be subject to updated disclosure pursuant to Section 7.2 hereof) (a) Borrower’s exact
legal name is that indicated on the Perfection Certificate and on the signature page hereof; (b)
Borrower is an organization of the type and is organized in the jurisdiction set forth in the
Perfection Certificate; (c) the Perfection Certificate accurately sets forth Borrower’s
organizational identification number or accurately states that Borrower has none; (d) the
Perfection Certificate accurately sets forth Borrower’s place of business, or, if more than one,
its chief executive office as well as Borrower’s mailing address (if different than its chief
executive office); (e) Borrower (and each of its
predecessors) has not, in the past five (5) years, changed its state of formation,
organizational structure or type, or any organizational number assigned by its jurisdiction; and
(f) as of the Effective Date, all other information set forth on the Perfection Certificate
pertaining to Borrower and each of its Subsidiaries is accurate and complete. If Borrower is not
now a Registered Organization but later becomes one, Borrower shall promptly notify Bank of such
occurrence and provide Bank with Borrower’s organizational identification number.

     The execution, delivery and performance of the Loan Documents have been duly authorized, and
do not conflict with Borrower’s organizational documents, nor constitute an event of default under
any material agreement by which Borrower is bound. Borrower is not in default under any agreement
to which it is a party or by which it is bound in which the default could have a material adverse
effect on Borrower’s business.

     5.2 Collateral. Borrower has good title to, has rights in, and the power to transfer each
item of the Collateral upon which it purports to grant a Lien hereunder, free and clear of any and
all Liens except Permitted Liens. Borrower has no deposit accounts other than the deposit accounts
with Bank, the deposit accounts, if any, described in the Perfection Certificate delivered to Bank
in connection herewith, or of which Borrower has given Bank notice and taken such actions as are
necessary to give Bank a perfected security interest therein. The Accounts are bona fide, existing
obligations of the Account Debtors.

     The Collateral is not in the possession of any third party bailee (such as a warehouse) except
for co-location facilities in the ordinary course of business, all of which have been disclosed in
writing to Bank except as otherwise provided in the Perfection Certificate. None of the components
of the Collateral shall be maintained at locations other than as provided in the Perfection
Certificate, unless Borrower has given Bank written notice of such other locations. In the event
that Borrower, after the date hereof, intends to store or otherwise deliver any portion of the
Collateral to a bailee, then Borrower will first receive the written consent of Bank and such
bailee must execute and deliver a bailee agreement in form and substance satisfactory to Bank in
its sole discretion.

     Borrower is the sole owner, or has the right to the use, of its intellectual property, except
for licenses granted to its customers in the ordinary course of business that are otherwise
permitted pursuant to Section 7.1. Each patent is valid and enforceable, and no part of the
intellectual property has been judged invalid or unenforceable, in whole or in part, and to the
best of Borrower’s knowledge, no claim has been made that any part of the intellectual property
violates the rights of any third party except to the extent such claim could not reasonably be
expected to have a material adverse effect on Borrower’s business. Certain of Borrower’s source
code is on deposit with a source code escrow company pursuant to agreements now in effect or to be
entered into with Borrower’s customers; however if the source code is released to such customers,
the customers shall have the right to use the source code only for the purpose of maintaining and
supporting such customer’s software and shall not have the right to otherwise license, sell or
distribute such source code or software. Except as noted on the Perfection Certificate, Borrower
is not a party to, nor is bound by, any material license of Intellectual Property or other material
agreement with respect to Intellectual Property with respect to which Borrower is the licensee that
prohibits or otherwise restricts Borrower from granting a security interest in Borrower’s interest
in such material license or agreement or any other property. Borrower shall provide written notice
to Bank within thirty (30) days of entering or becoming bound by any such license or agreement
which is reasonably likely to have a material impact on Borrower’s business or financial condition
(other than over-the-counter software that is commercially available to the public). Borrower
shall take such steps as Bank reasonably requests to obtain the consent of, or waiver by, any
person whose consent or waiver is necessary for all such licenses or contract rights to be deemed
“Collateral” and for Bank to have a security interest in it that might otherwise be restricted or
prohibited by law or by the terms of any such license or agreement (such consent or authorization
may include a licensor’s agreement to a contingent assignment of the license to Bank if Bank
determines that is necessary in its good faith judgment), whether now existing or entered into in
the future.

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     5.3 Accounts Receivable. For any Eligible Account and Eligible Foreign Account in any
Borrowing Base Certificate, all statements made and all unpaid balances appearing in all invoices,
instruments and other documents evidencing such Eligible Accounts and Eligible Foreign Accounts are
and shall be true and correct and all such invoices, instruments and other documents, and all of
Borrower’s Books are genuine and in all respects what they purport to be. All sales and other
transactions underlying or giving rise to each Eligible Account and Eligible Foreign Account shall
comply in all material respects with all applicable laws and governmental rules and regulations.
Borrower has no knowledge of any actual or imminent Insolvency Proceeding of any Account Debtor
whose accounts are an Eligible Account or Eligible Foreign Account in any Borrowing Base
Certificate. To the best of Borrower’s knowledge, all signatures and endorsements on all
documents, instruments, and agreements relating to all Eligible Accounts and Eligible Foreign
Accounts are genuine, and all such documents, instruments and
agreements are legally enforceable in accordance with their terms, except as enforcement may
be limited by equitable principles or by bankruptcy, insolvency or similar laws relating to or
limiting creditors’ rights generally.

     5.4 Litigation. Except as otherwise disclosed to Bank pursuant to Section 6.2, there are no
actions or proceedings pending or, to the knowledge of the Responsible Officers, threatened in
writing by or against Borrower or any of its Subsidiaries involving more than $500,000.00.

     5.5 No Material Deviation in Financial Statements. All consolidated financial statements for
Borrower and any of its Subsidiaries delivered to Bank fairly present in all material respects
Borrower’s consolidated financial condition and Borrower’s consolidated results of operations.
There has not been any material deterioration in Borrower’s consolidated financial condition since
the date of the most recent financial statements submitted to Bank.

     5.6 Solvency. The fair salable value of Borrower’s assets (including goodwill minus
disposition costs) exceeds the fair value of its liabilities; Borrower is not left with
unreasonably small capital after the transactions in this Agreement; and Borrower is able to pay
its debts (including trade debts) as they mature.

     5.7 Regulatory Compliance. Borrower is not an “investment company” or a company “controlled”
by an “investment company” under the Investment Company Act. Borrower is not engaged as one of its
important activities in extending credit for margin stock (under Regulations T and U of the Federal
Reserve Board of Governors). Borrower has complied in all material respects with the Federal Fair
Labor Standards Act. Borrower has not violated any laws, ordinances or rules, the violation of
which could reasonably be expected to have a material adverse effect on its business. None of
Borrower’s or any of its Subsidiaries’ properties or assets has been used by Borrower or any
Subsidiary or, to the best of Borrower’s knowledge, by previous Persons, in disposing, producing,
storing, treating, or transporting any hazardous substance other than legally. Borrower and each
of its Subsidiaries have obtained all consents, approvals and authorizations of, made all
declarations or filings with, and given all notices to, all government authorities that are
necessary to continue its business as currently conducted.

     5.8 Subsidiaries; Investments. Borrower does not own any stock, partnership interest or other
equity securities except for Permitted Investments.

     5.9 Tax Returns and Payments; Pension Contributions. Borrower has timely filed all required
tax returns and reports, and Borrower has timely paid all foreign, federal, state and local taxes,
assessments, deposits and contributions owed by Borrower, except for amounts that do not exceed
$1,000,000.00 in the aggregate that Borrower has failed to pay due to its error or oversight.
Borrower may defer payment of any contested taxes, provided that Borrower (a) in good faith
contests its obligation to pay the taxes by appropriate proceedings promptly and diligently
instituted and conducted, (b) notifies Bank in writing of the commencement of, and any material
development in, the proceedings, (c) posts bonds or takes any other steps required to prevent the
governmental authority levying such contested taxes from obtaining a Lien upon any of the
Collateral that is other than a “Permitted Lien”. Borrower is unaware of any claims or adjustments
proposed for any of Borrower’s prior tax years which could result in additional taxes becoming due
and payable by Borrower. Borrower has paid all amounts necessary to fund all present pension,
profit sharing and deferred compensation plans in accordance with their terms, and Borrower has not
withdrawn from participation in, and has not permitted partial or complete termination of, or
permitted the occurrence of any other event with respect to, any such plan which could reasonably
be expected to result in any liability of Borrower, including any liability to the Pension Benefit
Guaranty Corporation or its successors or any other governmental agency.

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     5.10 Use of Proceeds. Borrower shall use the proceeds of the Credit Extensions solely as
working capital, to purchase Eligible Equipment, and to fund its general business requirements and
not for personal, family, household or agricultural purposes.

     5.11 Full Disclosure. No written representation, warranty or other statement of Borrower in
any certificate or written statement given to Bank, as of the date such representations,
warranties, or other statements were made, taken together with all such written certificates and
written statements given to Bank, contains any untrue statement of a material fact or omits to
state a material fact necessary to make the statements contained in the certificates or statements
not misleading (it being recognized by Bank that the projections and forecasts provided by Borrower
in good faith and based upon reasonable assumptions are not viewed as facts and that actual results
during the period or periods covered by such projections and forecasts may differ from the
projected or forecasted results).

     6 AFFIRMATIVE COVENANTS

     Borrower shall do all of the following:

     6.1 Government Compliance. Borrower shall, and shall cause each of its Subsidiaries to,
maintain its legal existence and good standing in its jurisdiction of formation and each
jurisdiction in which the nature of its business requires them to be so qualified, except where the
failure to take such action would not reasonably be expected to have a material adverse effect on
Borrower’s and its Subsidiaries’ business or operations, taken as a whole; provided, that
(a) the legal existence of any Subsidiary that is not a Guarantor may be terminated or permitted to
lapse, and any qualification of such Subsidiary to do business may be terminated or permitted to
lapse, if, in the good faith judgment of Borrower, such termination or lapse is in the best
interests of Borrower and its Subsidiaries, taken as a whole, and (b) Borrower may not permit its
qualification to do business in the jurisdiction of its chief executive office to terminate or
lapse; and provided, further, that this Section 6.2 shall not be construed to
prohibit any other transaction that is otherwise permitted in Section 7 of this Agreement.

     Borrower shall comply, and shall have each Subsidiary comply, with all laws, ordinances and
regulations to which it is subject, noncompliance with which could have a material adverse effect
on Borrower’s business.

     6.2 Financial Statements, Reports, Certificates.

          (a) Deliver to Bank: (i) as soon as available, but no later than five (5) days after filing
with the Securities Exchange Commission, the Borrower’s 10K, 10Q, and 8K reports; (ii) a Compliance
Certificate together with delivery of the 10K and 10Q reports; (iii) as soon as available, but no
later than forty (40) days after the last day of each quarter (except that with respect to the
quarter ending December 31 each year, within seventy-five (75) days), a company prepared
consolidating balance sheet and income statement covering Borrower’s and each of its Subsidiary’s
operations during the period certified by a Responsible Officer and in a form acceptable to Bank;
(iv) a prompt report of any legal actions pending or threatened in writing against Borrower or any
Subsidiary that could reasonably be expected to result in damages or costs to Borrower or any
Subsidiary of $500,000.00 or more; and (v) budgets, sales projections, operating plans or other
financial information Bank reasonably requests.

     Borrower’s 10K, 10Q, and 8K reports required to be delivered pursuant to Section 6.2(a)(i)
shall be deemed to have been delivered on the date on which Borrower posts such report or provides
a link thereto on Borrower’s or another website on the Internet; provided, that Borrower
shall provide paper copies to Bank of the Compliance Certificates required by Section 6.2(a)(ii).

          (b) If Advances under the Revolving Line (including any Credit Extensions pursuant to the
provisions of Sections 2.1.2, 2.1.3 and 2.1.4) exceed $3,000,000.00 or an Event of Default has
occurred and is continuing, then within thirty (30) days after the last day of each month, deliver
to Bank a duly completed Borrowing Base Certificate signed by a Responsible Officer, with (i) aged
listings of accounts receivable and accounts payable (by invoice date) and (ii) a list of all
Deferred Revenue by client. The requirement to provide monthly a Borrowing Base Certificate, aged
listings of accounts receivable and accounts payable and a list of all Deferred Revenue will cease
(x) if the monthly reporting requirement was triggered by an Event of Default and the Event of
Default is cured or waived in writing, or (y) if the monthly reporting requirement was triggered by
Advances under the Revolving Line that exceeded $3,000,000.00 and the outstanding Advances are
later reduced to be equal to or less than $3,000,000.00.

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          (c) Allow Bank to audit Borrower’s Collateral at Borrower’s expense. Such audits shall be
conducted no more often than once every twelve (12) months unless an Event of Default has occurred
and is continuing.

          (d) The Compliance Certificate attached as Exhibit C-1 shall be used until the quarterly
period ending as of September 30, 2007, after which time the Compliance Certificate attached as
Exhibit C-2 shall be used in lieu of the Compliance Certificate attached as Exhibit C-1.

     6.3 Taxes; Pensions. Make, and cause each of its Subsidiaries to make, timely payment of all
foreign, federal, state, and local taxes or assessments (other than taxes and assessments which
Borrower is contesting pursuant to the terms of Section 5.9 hereof) and shall deliver to Bank, on
demand, appropriate certificates attesting to such payments, and pay all amounts necessary to fund
all present pension, profit sharing and deferred compensation plans in accordance with their terms.

     6.4 Insurance. Keep its business and the Collateral insured for risks and in amounts standard
for companies in Borrower’s industry and location and as Bank may reasonably request. Insurance
policies shall be in a
form, with companies, and in amounts that are satisfactory to Bank. All property policies
shall have a lender’s loss payable endorsement showing Bank as an additional lender loss payee and
waive subrogation against Bank, and all liability policies shall show, or have endorsements
showing, Bank as an additional insured. All policies (or the loss payable and additional insured
endorsements) shall provide that the insurer must give Bank at least twenty (20) days notice before
canceling, amending, or declining to renew its policy. At Bank’s request, Borrower shall deliver
certified copies of policies and evidence of all premium payments. Proceeds payable under any
policy shall, at Bank’s option, be payable to Bank on account of the Obligations. Notwithstanding
the foregoing, (a) so long as no Event of Default has occurred and is continuing and so long as all
of the insurance proceeds related to a loss or claim are less than $1,000,000.00, Borrower shall
have the option of applying the proceeds of any casualty policy up to $999,999.99, in the
aggregate, toward the replacement or repair of destroyed or damaged property; provided that any
such replaced or repaired property (i) shall be of equal or like value as the replaced or repaired
Collateral and (ii) shall be deemed Collateral in which Bank has been granted a first priority
security interest, (b) after the occurrence and during the continuance of an Event of Default, all
proceeds payable under such casualty policy shall, at the option of Bank, be payable to Bank on
account of the Obligations, and (c) if the insurance proceeds related to a loss or claim are equal
to or greater than $1,000,000.00, all proceeds payable under such casualty policy shall, at the
option of Bank, be payable to Bank on account of the Obligations. If Borrower fails to obtain
insurance as required under this Section 6.4 or to pay any amount or furnish any required proof of
payment to third persons and Bank, Bank may make all or part of such payment or obtain such
insurance policies required in this Section 6.4, and take any action under the policies Bank deems
prudent.

     6.5 Operating Accounts.

     (a) Maintain its primary depository and operating accounts with Bank.

     (b) Provide Bank five (5) days prior written notice before establishing any Collateral Account
at or with any bank or financial institution other than Bank or its Affiliates. In addition, for
each Collateral Account that Borrower at any time maintains, Borrower shall cause the applicable
bank or financial institution (other than Bank) at or with which any Collateral Account is
maintained to execute and deliver a Control Agreement or other appropriate instrument with respect
to such Collateral Account to perfect Bank’s Lien in such Collateral Account in accordance with the
terms hereunder. The provisions of the previous sentence shall not apply to deposit accounts
exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for
the benefit of Borrower’s employees and identified to Bank by Borrower as such.

     6.6 Financial Covenants.

          Borrower shall maintain as of the last day of each quarter through September 30, 2007, unless
otherwise noted:

          (a) Tangible Net Worth. A Tangible Net Worth of at least $30,000,000.00, plus 50% of
all equity or capital contributed to Borrower after April 1, 2007, and 50% of all positive
quarterly Net Income from and after April 1, 2007; provided however, that all equity or capital
contributed to Borrower in order to fund the deferred consideration due for the Touch Clarity Ltd.
acquisition shall be excluded.

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          (b) Adjusted Quick Ratio. A ratio of Quick Assets to Current Liabilities minus
Deferred Revenue of at least 1.5 to 1.0.

          Borrower shall maintain as of the last day of each quarter beginning with the quarter ending
December 31, 2007, unless otherwise noted:

          (c) Fixed Charge Coverage. A ratio of consolidated EBITDA for the quarter less
unfunded capital expenditures for the quarter and plus capitalized software development costs for
the quarter, the total of which shall be multiplied by 4, to the sum of interest, taxes, current
principal maturities of long term debt, dividends and stock redemption payments paid within the
last twelve months of at least 1.50 to 1.00. For purposes hereof, unfunded capital expenditures
shall not include capital expenditures that are (i) permitted acquisitions under the terms of this
Agreement, (ii) funded by capital leases or (iii) expenditures made as a tenant for leasehold
improvements to the extent reimbursable by the landlord.

          (d) Adjusted Quick Ratio. A ratio of Quick Assets to Current Liabilities minus
Deferred Revenue plus all term loans due to Bank of at least 1.0 to 1.0.

     6.7 Protection of Intellectual Property Rights. Borrower shall: (a) protect, defend and
maintain the validity and enforceability of its material intellectual property; (b) promptly advise
Bank in writing of material third party infringements of its intellectual property known to
Borrower or of which Borrower becomes aware; and (c) not allow any material intellectual property
material to Borrower’s business to be abandoned, forfeited or dedicated to the public without
Bank’s written consent.

     6.8 Litigation Cooperation. From the date hereof and continuing through the termination of
this Agreement, make available to Bank, without expense to Bank, Borrower and its officers,
employees and agents and Borrower’s books and records, to the extent that Bank may deem them
reasonably necessary to prosecute or defend any third-party suit or proceeding instituted by or
against Bank with respect to any Collateral or relating to Borrower.

     6.9 Further Assurances. Borrower shall execute any further instruments and take further
action as Bank reasonably requests to perfect or continue Bank’s Lien in the Collateral or to
effect the purposes of this Agreement.

     7 NEGATIVE COVENANTS

     Borrower shall not do any of the following without Bank’s prior written consent, which shall
not be unreasonably withheld:

     7.1 Dispositions. Convey, sell, lease, transfer or otherwise dispose of (collectively
“Transfer”), or permit any of its Subsidiaries to Transfer, all or any part of its business or
property, except for:

          (a) Transfers in the ordinary course of business for reasonably equivalent consideration;

          (b) Transfers to Borrower or any of its Subsidiaries from Borrower or any of its Subsidiaries;

          (c) Transfers of property for fair market value;

          (d) Transfers of property in connection with sale-leaseback transactions;

          (e) Transfers of property to the extent such property is exchanged for credit against, or
proceeds are promptly applied to, the purchase price of other property used or useful in the
business of Borrower or its Subsidiaries;

          (f) Transfers constituting non-exclusive licenses and similar arrangements for the use of the
property of Borrower or its Subsidiaries in the ordinary course of business and other non-perpetual
licenses that may be exclusive in some respects other than territory (and/or that may be exclusive
as to territory only in discreet geographical areas outside of the United States), but that could
not result in a legal transfer of Borrower’s title in the licensed property;

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          (g) Transfers otherwise permitted by the Loan Documents;

          (h) sales or discounting of delinquent accounts in the ordinary course of business;

          (i) Transfers associated with the making or disposition of a Permitted Investment;

          (j) Transfers in connection with a permitted acquisition of a portion of the assets or rights
acquired; and

          (k) Transfers not otherwise permitted in this Section 7.1, provided, that the aggregate book
value of all such Transfers by Borrower and its Subsidiaries, together, shall not exceed the
Threshold Amount.

     7.2 Changes in Business; Jurisdiction of Formation.

     Engage in any material line of business other than those lines of business conducted by
Borrower and its Subsidiaries on the date hereof and any businesses reasonably related,
complementary or incidental thereto or reasonable extensions thereof. Borrower will not, without
prior written notice, change its jurisdiction of formation.

     7.3 Mergers or Acquisitions.

     Merge or consolidate, or permit any of its Subsidiaries to merge or consolidate, with any
other Person, or acquire, or permit any of its Subsidiaries to acquire, all or substantially all of
the capital stock or property of another Person except if (i) no Default or Event of Default exists
or would result as a result of such transaction and (ii) Borrower on a consolidated basis is in
compliance on a Pro-Forma Basis, with the applicable financial covenants in Section 6.6, recomputed
as of the last day of the most recently ended fiscal quarter. For purposes of this Agreement, the
term “Pro Forma Basis” means, for any acquisition that occurs subsequent to the commencement of a
period for which the financial effect of such transaction is being calculated, and giving effect to
the transaction for which such calculation is being made, such calculation as shall give pro forma
effect to such acquisition (and any related incurrence or repayment of Indebtedness) as if it
occurred on the first day of the fiscal quarter period for which such calculation is being made
(including cost savings to the extent such cost savings would be permitted to be reflected in pro
forma financial information complying with the requirements of GAAP and Article XI of Regulation S
X under the Securities and Exchange Act of 1934, as amended). A Subsidiary may merge or
consolidate into another Subsidiary or into Borrower.

     7.4 Indebtedness. Create, incur, assume, or be liable for any Indebtedness, or permit any
Subsidiary to do so, other than Permitted Indebtedness.

     7.5 Encumbrance. Create, incur, or allow any Lien on any of its property, or assign or convey
any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries
to do so, except for Permitted Liens, permit any Collateral not to be subject to the first priority
security interest granted herein.

     7.6 Maintenance of Collateral Accounts. Maintain any Collateral Account except pursuant to
the terms of Section 6.5(b) hereof.

     7.7 Distributions; Investments. (a) Directly or indirectly acquire or own any Person, or make
any Investment in any Person, other than Permitted Investments, or permit any of its Subsidiaries
to do so; or (b) pay any dividends or make any distribution or payment or redeem, retire or
purchase any of Borrower’s capital stock other than Permitted Distributions.

     7.8 Transactions with Affiliates. Directly or indirectly enter into or permit to exist any
material transaction with any Affiliate of Borrower except for (a) transactions that are in the
ordinary course of Borrower’s business, upon fair and reasonable terms that are no less favorable
to Borrower than would be obtained in an arm’s length transaction with a non-affiliated Person; (b)
transactions that are approved by a majority of the disinterested members of the Borrower’s Board
of Directors; or (c) transactions with Subsidiaries that (i) are not otherwise prohibited under any
other provision of this Agreement, (ii) would not be an Event of Default under any other provision
of this Agreement and (iii) would not, with the passage of time or otherwise, constitute an Event
of Default under any other provision of this Agreement.

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     7.9 Subordinated Debt. Make or permit any payment on or amendments of any Subordinated Debt,
except (a) payments pursuant to the terms of the Subordinated Debt; (b) payments made with
Borrower’s capital stock or other Subordinated Debt; (c) amendments to Subordinated Debt so long as
such Subordinated Debt remains
subordinated in right of payment to this Agreement and any Liens securing such Subordinated
Debt remain subordinate in priority to Bank’s Lien hereunder.

     7.10 Compliance. Become an “investment company” or a company controlled by an “investment
company”, under the Investment Company Act of 1940 or undertake as one of its important activities
extending credit to purchase or carry margin stock (as defined in Regulation U of the Board of
Governors of the Federal Reserve System), or use the proceeds of any Credit Extension for that
purpose; fail to meet the minimum funding requirements of ERISA, permit a Reportable Event or
Prohibited Transaction, as defined in ERISA, to occur; fail to comply with the Federal Fair Labor
Standards Act or violate any other law or regulation, if the violation could reasonably be expected
to have a material adverse effect on Borrower’s business, or permit any of its Subsidiaries to do
so; withdraw or permit any Subsidiary to withdraw from participation in, permit partial or complete
termination of, or permit the occurrence of any other event with respect to, any present pension,
profit sharing and deferred compensation plan which could reasonably be expected to result in any
liability of Borrower, including any liability to the Pension Benefit Guaranty Corporation or its
successors or any other governmental agency.

     8 EVENTS OF DEFAULT

     Any one of the following shall constitute an event of default (an “Event of Default”) under
this Agreement:

     8.1 Payment Default. Borrower fails to (a) make any payment of principal or interest on any
Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days
after such Obligations are due and payable (other than Bank Expenses, which must be paid within 15
days after invoicing). During the cure period, the failure to cure the payment default is not an
Event of Default (but no Credit Extension will be made during the cure period);

     8.2 Covenant Default.

          (a) Borrower fails or neglects to perform any obligation in Sections 6.2, 6.5, 6.6 or violates
any covenant in Section 7; or

          (b) Borrower fails or neglects to perform, keep, or observe any other term, provision,
condition, covenant or agreement contained in this Agreement, any Loan Documents, and as to any
default (other than those specified in this Section 8) under such other term, provision, condition,
covenant or agreement that can be cured, has failed to cure the default within ten (10) Business
Days after the earlier of (i) a Responsible Officer of Borrower becoming aware of such default or
(ii) receipt by Borrower of notice from Bank of such default; provided, however, that if the
default cannot by its nature be cured within the ten (10) Business Day period or cannot after
diligent attempts by Borrower be cured within such ten (10) Business Day period, and such default
is likely to be cured within a reasonable time, then Borrower shall have an additional period
(which shall not in any case exceed thirty (30) days) to attempt to cure such default, and within
such reasonable time period the failure to cure the default shall not be deemed an Event of Default
(but no Credit Extensions shall be made during such cure period). Grace periods provided under
this section shall not apply, among other things, to financial covenants or any other covenants set
forth in subsection (a) above;

     8.3 Attachment. (a) Any material portion of Borrower’s assets is attached, seized, levied on,
or comes into possession of a trustee or receiver and the attachment, seizure or levy is not
removed in ten (10) Business Days; (b) the service of process upon Bank seeking to attach, by
trustee or similar process, any funds of Borrower or of any entity under control of Borrower
(including a Subsidiary) on deposit with Bank; (c) Borrower is enjoined, restrained, or prevented
by court order from conducting a material part of its business; (d) a judgment or other claim in
excess of $500,000.00 becomes a Lien on any of Borrower’s assets; or (e) a notice of lien, levy, or
assessment is filed against any of Borrower’s assets by any government agency and not paid within
ten (10) Business Days after Borrower receives notice. These are not Events of Default if stayed
or if a bond is posted pending contest by Borrower (but no Credit Extensions shall be made during
the cure period);

     8.4 Insolvency. Borrower is unable to pay its debts (including trade debts) as they become
due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an
Insolvency Proceeding is

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begun against Borrower and not dismissed or stayed within thirty (30) days
(but no Credit Extensions shall be made while of any of the conditions described in clause (a)
exist and/or until any Insolvency Proceeding is dismissed);

     8.5 Other Agreements. If Borrower fails to (a) make any payment that is due and payable with
respect to any Indebtedness in excess of the Threshold Amount and such failure continues after the
applicable grace or notice period, if any, specified in the agreement or instrument relating
thereto, or (b) perform or observe any other condition or covenant, or any other event shall occur
or condition exist under any agreement or instrument relating to any Indebtedness in excess of the
Threshold Amount, and such failure continues after the applicable grace or notice period, if any,
specified in the agreement or instrument relating thereto and the effect of such failure, event or
condition is to cause the holder or holders of such Indebtedness in excess of the Threshold Amount
to accelerate the maturity of such Indebtedness in excess of the Threshold Amount or cause the
mandatory repurchase of any Indebtedness in excess of the Threshold Amount;

     8.6 Judgments. If a money judgment(s) (not covered by insurance, provided that if the
judgment is covered by insurance, Borrower must provide proof of such insurance coverage
satisfactory to Bank without any qualifications or reservation of rights by the insurer) in the
aggregate of at least the Threshold Amount is rendered against Borrower and is unsatisfied and
unstayed for 10 days (but no Credit Extensions will be made before the judgment is stayed or
satisfied);

     8.7 Misrepresentations. Borrower or any Person acting for Borrower makes any representation,
warranty, or other statement now or later in this Agreement, any Loan Document or in any writing
delivered to Bank or to induce Bank to enter this Agreement or any Loan Document, and such
representation, warranty, or other statement is incorrect in any material respect when made; or

     8.8 Subordinated Debt. A default or breach occurs under any agreement between Borrower and
any creditor of Borrower that signed a subordination, intercreditor, or other similar agreement
with Bank, or any creditor that has signed such an agreement with Bank breaches any terms of such
agreement.

     9 BANK’S RIGHTS AND REMEDIES

     9.1 Rights and Remedies. While an Event of Default occurs and continues Bank may, without
notice or demand, do any or all of the following:

          (a) declare all Obligations immediately due and payable (but if an Event of Default described
in Section 8.4 occurs all Obligations are immediately due and payable without any action by Bank);

          (b) stop advancing money or extending credit for Borrower’s benefit under this Agreement or
under any other agreement between Borrower and Bank;

          (c) demand that Borrower (i) deposits cash with Bank in an amount equal to the aggregate
amount of any Letters of Credit remaining undrawn, as collateral security for the repayment of any
future drawings under such Letters of Credit, and Borrower shall forthwith deposit and pay such
amounts, and (ii) pay in advance all Letter of Credit fees scheduled to be paid or payable over the
remaining term of any Letters of Credit;

          (d) terminate any FX Contracts;

          (e) settle or adjust disputes and claims directly with Account Debtors for amounts on terms
and in any order that Bank considers advisable, notify any Person owing Borrower money of Bank’s
security interest in such funds, and verify the amount of such account;

          (f) make any payments and do any acts it considers necessary or reasonable to protect the
Collateral and/or its security interest in the Collateral. Borrower shall assemble the Collateral
if Bank requests and make it available as Bank designates. Bank may enter premises where the
Collateral is located, take and maintain possession of any part of the Collateral, and pay,
purchase, contest, or compromise any Lien which appears to be prior or superior to its security
interest and pay all expenses incurred. Borrower grants Bank a license to enter and occupy any of
its premises, without charge, to exercise any of Bank’s rights or remedies;

          (g) apply to the Obligations any (i) balances and deposits of Borrower it holds, or (ii) any
amount held by Bank owing to or for the credit or the account of Borrower;

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          (h) ship, reclaim, recover, store, finish, maintain, repair, prepare for sale, advertise for
sale, and sell the Collateral. Bank is hereby granted a non-exclusive, royalty-free license or
other right to use, without charge, Borrower’s labels, patents, copyrights, mask works, rights of
use of any name, trade secrets, trade names,
trademarks, service marks, and advertising matter, or any similar property as it pertains to
the Collateral, in completing production of, advertising for sale, and selling any Collateral and,
in connection with Bank’s exercise of its rights under this Section, Borrower’s rights under all
licenses and all franchise agreements inure to Bank’s benefit;

          (i) place a “hold” on any account maintained with Bank and/or deliver a notice of exclusive
control, any entitlement order, or other directions or instructions pursuant to any Control
Agreement or similar agreements providing control of any Collateral;

          (j) demand and receive possession of Borrower’s Books; and

          (k) exercise all rights and remedies available to Bank under the Loan Documents or at law or
equity, including all remedies provided under the Code (including disposal of the Collateral
pursuant to the terms thereof).

     9.2 Power of Attorney. Borrower hereby irrevocably appoints Bank as its lawful
attorney-in-fact, exercisable upon the occurrence and during the continuance of an Event of
Default, to: (a) endorse Borrower’s name on any checks or other forms of payment or security; (b)
sign Borrower’s name on any invoice or bill of lading for any Account or drafts against Account
Debtors; (c) settle and adjust disputes and claims about the Accounts directly with Account
Debtors, for amounts and on terms Bank determines reasonable; (d) make, settle, and adjust all
claims under Borrower’s insurance policies; (e) pay, contest or settle any Lien, charge,
encumbrance, security interest, and adverse claim in or to the Collateral, or any judgment based
thereon, or otherwise take any action to terminate or discharge the same; and (f) transfer the
Collateral into the name of Bank or a third party as the Code permits. Borrower hereby appoints
Bank as its lawful attorney-in-fact to sign Borrower’s name on any documents necessary to perfect
or continue the perfection of any security interest regardless of whether an Event of Default has
occurred until all Obligations have been satisfied in full and Bank is under no further obligation
to make Credit Extensions hereunder. Bank’s foregoing appointment as Borrower’s attorney in fact,
and all of Bank’s rights and powers, coupled with an interest, are irrevocable until all
Obligations (other than inchoate indemnity obligations) have been fully repaid and performed and
Bank’s obligation to provide Credit Extensions terminates.

     9.3 Accounts Verification; Collection. If an Event of Default has occurred and is continuing,
Bank may notify any Person owing Borrower money of Bank’s security interest in such funds and
verify the amount of such account. After the occurrence of an Event of Default, any amounts
received by Borrower shall be held in trust by Borrower for Bank, and, if requested by Bank,
Borrower shall immediately deliver such receipts to Bank in the form received from the Account
Debtor, with proper endorsements for deposit.

     9.4 Protective Payments. If Borrower fails to obtain the insurance called for by Section 6.4
or fails to pay any premium thereon or fails to pay any other amount which Borrower is obligated to
pay under this Agreement or any other Loan Document, Bank may obtain such insurance or make such
payment, and all amounts so paid by Bank are Bank Expenses and immediately due and payable, bearing
interest at the then highest applicable rate, and secured by the Collateral. Bank will make
reasonable efforts to provide Borrower with notice of Bank obtaining such insurance at the time it
is obtained or within a reasonable time thereafter. No payments by Bank are deemed an agreement to
make similar payments in the future or Bank’s waiver of any Event of Default.

     9.5 Application of Payments and Proceeds. Unless an Event of Default has occurred and is
continuing, Bank shall apply any funds in its possession, whether from Borrower account balances,
payments, or proceeds realized as the result of any collection of Accounts or other disposition of
the Collateral, first, to Bank Expenses, including without limitation, the reasonable costs,
expenses, liabilities, obligations and attorneys’ fees incurred by Bank in the exercise of its
rights under this Agreement; second, to the interest due upon any of the Obligations; and third, to
the principal of the Obligations and any applicable fees and other charges, in such order as Bank
shall determine in its sole discretion. Any surplus shall be paid to Borrower or other Persons
legally entitled thereto; Borrower shall remain liable to Bank for any deficiency. If an Event of
Default has occurred and is continuing, Bank may apply any funds in its possession, whether from
Borrower account balances, payments, proceeds realized as the result of any collection of Accounts
or other disposition of the Collateral, or otherwise, to the Obligations in such order as Bank
shall determine in its sole discretion. Any surplus shall be paid to Borrower or other Persons
legally entitled thereto; Borrower shall remain liable to Bank for any deficiency. If Bank, in its

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good faith business judgment, directly or indirectly enters into a deferred payment or other credit
transaction with any purchaser at any sale of Collateral, Bank shall have the option, exercisable
at any time, of either reducing the Obligations by the principal amount of the purchase price or
deferring the reduction of the Obligations until the actual receipt by Bank of cash therefor.

     9.6 Bank’s Liability for Collateral. So long as Bank complies with reasonable banking
practices regarding the safekeeping of the Collateral in the possession or under the control of
Bank, Bank shall not be liable or responsible for: (a) the safekeeping of the Collateral; (b) any
loss or damage to the Collateral; (c) any diminution in the value of the Collateral; or (d) any act
or default of any carrier, warehouseman, bailee, or other Person. Borrower bears all risk of loss,
damage or destruction of the Collateral.

     9.7 No Waiver; Remedies Cumulative. Bank’s failure, at any time or times, to require strict
performance by Borrower of any provision of this Agreement or any other Loan Document shall not
waive, affect, or diminish any right of Bank thereafter to demand strict performance and compliance
herewith or therewith. No waiver hereunder shall be effective unless signed by Bank and then is
only effective for the specific instance and purpose for which it is given. Bank’s rights and
remedies under this Agreement and the other Loan Documents are cumulative. Bank has all rights and
remedies provided under the Code, by law, or in equity. Bank’s exercise of one right or remedy is
not an election, and Bank’s waiver of any Event of Default is not a continuing waiver. Bank’s
delay in exercising any remedy is not a waiver, election, or acquiescence.

     9.8 Demand Waiver. Except as expressly set forth in this Agreement, Borrower waives demand,
notice of default or dishonor, notice of payment and nonpayment, notice of any default, nonpayment
at maturity, release, compromise, settlement, extension, or renewal of accounts, documents,
instruments, chattel paper, and guarantees held by Bank on which Borrower is liable.

     10 NOTICES

     All notices, consents, requests, approvals, demands, or other communication (collectively,
“Communication”) by any party to this Agreement or any other Loan Document must be in writing and
shall be deemed to have been validly served, given, or delivered: (a) upon the earlier of actual
receipt and three (3) Business Days after deposit in the U.S. mail, first class, registered or
certified mail return receipt requested, with proper postage prepaid; (b) upon transmission, when
sent by electronic mail or facsimile transmission; (c) one (1) Business Day after deposit with a
reputable overnight courier with all charges prepaid; or (d) when delivered, if hand-delivered by
messenger, all of which shall be addressed to the party to be notified and sent to the address,
facsimile number, or email address indicated below. Bank or Borrower may change its address or
facsimile number by giving the other party written notice thereof in accordance with the terms of
this Section 10.

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	 	If to Borrower:
	 	Omniture, Inc.
	 

	 	 	 	550 E. Timpanogos Circle,
	 

	 	 	 	Orem, UT 84097
	 

	 	 	 	Attn: Chief Financial Officer
	 

	 	 	 	Fax: 801.722.7005
	 

	 	 	 	Email: mherring@omniture.com
	 
	 	 	 	 
	 

	 	With a copy to:
	 	Omniture, Inc.
	 

	 	 	 	550 E. Timpanogos Circle,
	 

	 	 	 	Orem, UT 84097
	 

	 	 	 	Attn: Chief Legal Officer
	 

	 	 	 	Fax: 801.722.7005
	 

	 	 	 	Email: slindquist@omniture.com
	 
	 	 	 	 
	 

	 	If to Bank:
	 	Silicon Valley Bank
	 

	 	 	 	8705 SW Nimbus, Suite 240
	 

	 	 	 	Beaverton, OR 97008
	 

	 	 	 	Attn: Ron Sherman
	 

	 	 	 	Fax: 503.526.0818
	 

	 	 	 	Email: rsherman@svbank.com

     11 CHOICE OF LAW, VENUE, JURY TRIAL WAIVER AND JUDICIAL REFERENCE

     California law governs the Loan Documents without regard to principles of conflicts of law.
Borrower and Bank each submit to the exclusive jurisdiction of the State and Federal courts in
Santa Clara County, California; provided, however, that nothing in this Agreement shall be deemed
to operate to preclude Bank from bringing suit or taking other legal action in any other
jurisdiction to realize on the Collateral or any other security for the
Obligations, or to enforce a judgment or other court order in favor of Bank. Borrower
expressly submits and consents in advance to such jurisdiction in any action or suit commenced in
any such court, and Borrower hereby waives any objection that it may have based upon lack of
personal jurisdiction, improper venue, or forum non conveniens and hereby consents to the granting
of such legal or equitable relief as is deemed appropriate by such court. Borrower hereby waives
personal service of the summons, complaints, and other process issued in such action or suit and
agrees that service of such summons, complaints, and other process may be made by registered or
certified mail addressed to Borrower at the address set forth in Section 10 of this Agreement and
that service so made shall be deemed completed upon the earlier to occur of Borrower’s actual
receipt thereof or three (3) days after deposit in the U.S. mails, proper postage prepaid.

     TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, BORROWER AND BANK EACH WAIVE THEIR RIGHT TO
A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION ARISING OUT OF OR BASED UPON THIS AGREEMENT, THE LOAN
DOCUMENTS OR ANY CONTEMPLATED TRANSACTION, INCLUDING CONTRACT, TORT, BREACH OF DUTY AND ALL OTHER
CLAIMS. THIS WAIVER IS A MATERIAL INDUCEMENT FOR BOTH PARTIES TO ENTER INTO THIS AGREEMENT. EACH
PARTY HAS REVIEWED THIS WAIVER WITH ITS COUNSEL.

     WITHOUT INTENDING IN ANY WAY TO LIMIT THE PARTIES’ AGREEMENT TO WAIVE THEIR RESPECTIVE RIGHT
TO A TRIAL BY JURY, if the above waiver of the right to a trial by jury is not enforceable, the
parties hereto agree that any and all disputes or controversies of any nature between them arising
at any time shall be decided by a reference to a private judge, mutually selected by the parties
(or, if they cannot agree, by the Presiding Judge of the Santa Clara County, California Superior
Court) appointed in accordance with California Code of Civil Procedure Section 638 (or pursuant to
comparable provisions of federal law if the dispute falls within the exclusive jurisdiction of the
federal courts), sitting without a jury, in Santa Clara County, California; and the parties hereby
submit to the jurisdiction of such court. The reference proceedings shall be conducted pursuant to
and in accordance with the provisions of California Code of Civil Procedure §§ 638 through 645.1,
inclusive. The private judge shall have the power, among others, to grant provisional relief,
including without limitation, entering temporary restraining orders, issuing preliminary and
permanent injunctions and appointing receivers. All such proceedings shall be closed to the public
and confidential and all records relating thereto shall be permanently sealed. If during the
course of any dispute, a party desires to seek provisional relief, but a judge has not been
appointed at that point pursuant to the judicial reference procedures, then such party may apply to
the Santa Clara

-22-

 

County, California Superior Court for such relief. The proceeding before the
private judge shall be conducted in the same manner as it would be before a court under the rules
of evidence applicable to judicial proceedings. The parties shall be entitled to discovery which
shall be conducted in the same manner as it would be before a court under the rules of discovery
applicable to judicial proceedings. The private judge shall oversee discovery and may enforce all
discovery rules and order applicable to judicial proceedings in the same manner as a trial court
judge. The parties agree that the selected or appointed private judge shall have the power to
decide all issues in the action or proceeding, whether of fact or of law, and shall report a
statement of decision thereon pursuant to the California Code of Civil Procedure § 644(a). Nothing
in this paragraph shall limit the right of any party at any time to exercise self-help remedies,
foreclose against collateral, or obtain provisional remedies. The private judge shall also
determine all issues relating to the applicability, interpretation, and enforceability of this
paragraph.

     12 GENERAL PROVISIONS

     12.1 Successors and Assigns. This Agreement binds and is for the benefit of the successors
and permitted assigns of each party. Borrower may not assign this Agreement or any rights or
obligations under it without Bank’s prior written consent (which may be granted or withheld in
Bank’s discretion). Bank has the right, without the consent of or notice to Borrower, to sell,
transfer, negotiate, or grant participation in all or any part of, or any interest in, Bank’s
obligations, rights, and benefits under this Agreement and the other Loan Documents.

     12.2 Indemnification. Borrower agrees to indemnify, defend and hold Bank and its directors,
officers, employees, agents, attorneys, or any other Person affiliated with or representing Bank
harmless against: (a) all obligations, demands, claims, and liabilities (collectively, “Claims”)
asserted by any other party in connection with the transactions contemplated by the Loan Documents;
and (b) all losses or Bank Expenses incurred, or paid by Bank from, following, or arising from
transactions between Bank and Borrower (including reasonable attorneys’ fees and expenses), except,
in the case of clause (a) and (b), for Claims and/or losses directly caused by Bank’s gross
negligence or willful misconduct. Bank will promptly notify Borrower of any claim giving rise to
liability under this Section 12.2; provided however that no failure by Bank to provide the notice
specified in this Section 12.2 shall relieve Borrower of any liability hereunder, except to the
extent the Borrower has suffered actual prejudice due to such failure. Upon providing notice of
such claim to Borrower, Borrower shall defend such claim with counsel
reasonably satisfactory to Bank and Borrower shall have sole control of the defense and
settlement of such claim; provided that Borrower will not settle any claim without Bank’s prior
written consent, which shall not be unreasonably withheld or delayed, and provided further that
Bank shall have sole control of settlement in the event Borrower has not acknowledged its
indemnification liability for the claim. Bank shall provide such assistance as Borrower may
reasonably request in connection with defending such claim.

     12.3 Limitation of Actions. Any claim or cause of action by Borrower against Bank, its
directors, officers, employees, agents, accountants, attorneys, or any other Person affiliated with
or representing Bank based upon, arising from, or relating to this Loan Agreement or any other Loan
Document, or any other transaction contemplated hereby or thereby or relating hereto or thereto, or
any other matter, cause or thing whatsoever, occurred, done, omitted or suffered to be done by
Bank, its directors, officers, employees, agents, accountants or attorneys, shall be barred unless
asserted by Borrower by the commencement of an action or proceeding in a court of competent
jurisdiction by (a) the filing of a complaint within one year from the earlier of (i) the date any
of Borrower’s officers or directors had knowledge of the first act, the occurrence or omission upon
which such claim or cause of action, or any part thereof, is based, or (ii) the date this Agreement
is terminated, and (b) the service of a summons and complaint on an officer of Bank, or on any
other person authorized to accept service on behalf of Bank, within thirty (30) days thereafter.
Borrower agrees that such one-year period is a reasonable and sufficient time for Borrower to
investigate and act upon any such claim or cause of action. The one-year period provided herein
shall not be waived, tolled, or extended except by the written consent of Bank in its sole
discretion. This provision shall survive any termination of this Loan Agreement or any other Loan
Document.

     12.4 Time of Essence. Time is of the essence for the performance of all Obligations in this
Agreement.

     12.5 Severability of Provisions. Each provision of this Agreement is severable from every
other provision in determining the enforceability of any provision.

     12.6 Amendments in Writing; Integration. All amendments to this Agreement must be in writing
signed by both Bank and Borrower. This Agreement and the Loan Documents represent the entire
agreement about this subject matter and supersede prior negotiations or agreements.

-23-

 

     12.7 Counterparts. This Agreement may be executed in any number of counterparts and by
different parties on separate counterparts, each of which, when executed and delivered, are an
original, and all taken together, constitute one Agreement.

     12.8 Survival. All covenants, representations and warranties made in this Agreement continue
in full force until this Agreement has terminated pursuant to its terms and all Obligations (other
than inchoate indemnity obligations and any other obligations which, by their terms, are to survive
the termination of this Agreement) have been satisfied. The obligation of Borrower in Section 12.2
to indemnify Bank shall survive until the statute of limitations with respect to such claim or
cause of action shall have run.

     12.9 Confidentiality. In handling any confidential information, Bank shall exercise the same
degree of care that it exercises for its own proprietary information, but disclosure of information
may be made: (a) to Bank’s Subsidiaries or Affiliates; (b) to prospective transferees or purchasers
of any interest in the Credit Extensions (provided, however, Bank shall use commercially reasonable
efforts to obtain such prospective transferee’s or purchaser’s agreement to the terms of this
provision); (c) as required by law, regulation, subpoena, or other order; (d) to Bank’s regulators
or as otherwise required in connection with Bank’s examination or audit; and (e) as Bank considers
appropriate in exercising remedies under this Agreement. Confidential information does not include
information that either: (i) is in the public domain or in Bank’s possession when disclosed to
Bank, or becomes part of the public domain after disclosure to Bank; or (ii) is disclosed to Bank
by a third party, if Bank does not know that the third party is prohibited from disclosing the
information.

     12.10 Attorneys’ Fees, Costs and Expenses. In any action or proceeding between Borrower and
Bank arising out of or relating to the Loan Documents, the prevailing party shall be entitled to
recover its reasonable attorneys’ fees and other costs and expenses incurred, in addition to any
other relief to which it may be entitled.

     13 DEFINITIONS

     13.1 Definitions. As used in this Agreement, the following terms have the following meanings:

     “Account” is any “account” as defined in the Code with such additions to such term as may
hereafter be made, and includes, without limitation, all accounts receivable and other sums owing
to Borrower.

     “Account Debtor” is any “account debtor” as defined in the Code with such additions to such
term as may hereafter be made.

     “Advance” or “Advances” means an advance (or advances) under the Revolving Line, including
without limitation the Non-Formula Advances.

     “Affiliate” of any Person is a Person that owns or controls directly or indirectly the Person,
any Person that controls or is controlled by or is under common control with the Person, and each
of that Person’s senior executive officers, directors, partners and, for any Person that is a
limited liability company, that Person’s managers and members.

     “Agreement” is defined in the preamble hereof.

     “Availability Amount” is (a) the lesser of (i) the Revolving Line or (ii) the Borrowing Base
plus $3,000,000.00 minus (b) the amount of all outstanding Letters of Credit (including drawn but
unreimbursed Letters of Credit) plus an amount equal to the Letter of Credit Reserves, minus (c)
the FX Reserve, and minus (d) the outstanding principal balance of any Advances (including any
amounts used for Cash Management Services).

     “Bank” is defined in the preamble hereof.

     “Bank Expenses” are all audit fees and expenses, costs, and expenses (including reasonable
attorneys’ fees and expenses) for preparing, negotiating, administering, defending and enforcing
the Loan Documents (including, without limitation, those incurred in connection with appeals or
Insolvency Proceedings) or otherwise incurred with respect to Borrower.

     “Bankruptcy-Related Defaults” is defined in Section 9.1.

-24-

 

     “Borrower” is defined in the preamble hereof.

     “Borrower’s Books” are all Borrower’s books and records including ledgers, federal and state
tax returns, records regarding Borrower’s assets or liabilities, the Collateral, business
operations or financial condition, and all computer programs or storage or any equipment containing
such information.

     “Borrowing Base” is (a) 80% of Eligible Accounts plus (b) 100% of unrestricted cash (and cash
equivalents) deposited with Bank, invested through Bank’s Affiliate or deposited or invested with a
third party so long as a Control Agreement satisfactory to Bank has been executed and delivered
with respect to such deposits or investments; provided, however, that Bank may decrease the
foregoing percentages in its good faith business judgment based on events, conditions,
contingencies, or risks which, as determined by Bank, may adversely affect Collateral.

     “Borrowing Base Certificate” is that certain certificate in the form attached hereto as
Exhibit B.

     “Borrowing Resolutions” are, with respect to any Person, those resolutions adopted by such
Person’s Board of Directors and delivered by such Person to Bank approving the Loan Documents to
which such Person is a party and the transactions contemplated thereby, together with a certificate
executed by its secretary on behalf of such Person certifying that (a) such Person has the
authority to execute, deliver, and perform its obligations under each of the Loan Documents to
which it is a party, (b) that attached as Exhibit A to such certificate is a true, correct, and
complete copy of the resolutions then in full force and effect authorizing and ratifying the
execution, delivery, and performance by such Person of the Loan Documents to which it is a party,
(c) the name(s) of the Person(s) authorized to execute the Loan Documents on behalf of such Person,
together with a sample of the true signature(s) of such Person(s), and (d) that Bank may
conclusively rely on such certificate unless and until such Person shall have delivered to Bank a
further certificate canceling or amending such prior certificate.

     “Business Day” is any day other than a Saturday, Sunday or other day on which banking
institutions in the State of California are authorized or required by law or other governmental
action to close, except that if any determination of a “Business Day” shall relate to a LIBOR
Advance, the term “Business Day” shall also mean a day on which dealings are carried on in the
London interbank market, and if any determination of a “Business Day” shall
relate to an FX Forward Contract, the term “Business Day” shall mean a day on which dealings
are carried on in the country of settlement of the foreign (i.e., non-Dollar) currency.

     “Cash Equivalents” means (a) marketable direct obligations issued or unconditionally
guaranteed by the United States or any agency or any State thereof having maturities of not more
than one (1) year from the date of acquisition; (b) commercial paper maturing no more than one (1)
year after its creation and having the highest rating from either Standard & Poor’s Ratings Group
or Moody’s Investors Service, Inc., (c) Bank’s certificates of deposit issued maturing no more than
one (1) year after issue; and (d) money market funds at least ninety-five percent (95%) of the
assets of which constitute Cash Equivalents of the kinds described in clauses (a) through (c) of
this definition.

     “Cash Management Services” is defined in Section 2.1.4.

     “Cash Management Services Sublimit” is defined in Section 2.1.4.

     “Change in Control” means any event, transaction, or occurrence as a result of which (a) any
“person” (as such term is defined in Sections 3(a)(9) and 13(d)(3) of the Securities Exchange Act
of 1934, as an amended (the “Exchange Act”)), other than a trustee or other fiduciary holding
securities under an employee benefit plan of Borrower, is or becomes a beneficial owner (within the
meaning Rule 13d-3 promulgated under the Exchange Act), directly or indirectly, of securities of
Borrower, representing forty percent (40%) or more of the combined voting power of Borrower’s then
outstanding securities.

     “Code” is the Uniform Commercial Code, as the same may, from time to time, be enacted and in
effect in the State of California; provided, that, to the extent that the Code is used to define
any term herein or in any Loan Document and such term is defined differently in different Articles
or Divisions of the Code, the definition of such term contained in Article or Division 9 shall
govern; provided further, that in the event that, by reason of mandatory provisions of law, any or
all of the attachment, perfection, or priority of, or remedies with respect to, Bank’s Lien on any
Collateral is governed by the Uniform Commercial Code in effect in a jurisdiction other than the
State of California, the term “Code” shall mean the Uniform Commercial Code as enacted and in
effect in such other

-25-

 

jurisdiction solely for purposes on the provisions thereof relating to such
attachment, perfection, priority, or remedies and for purposes of definitions relating to such
provisions.

     “Collateral” is any and all properties, rights and assets of Borrower described on Exhibit
A.

     “Collateral Account” is any Deposit Account, Securities Account, or Commodity Account.

     “Commodity Account” is any “commodity account” as defined in the Code with such additions to
such term as may hereafter be made.

     “Communication” is defined in Section 10.

     “Compliance Certificate” is the certificates in the forms attached hereto as Exhibit
C-1 and Exhibit C-2.

     “Contingent Obligation” is, for any Person, any direct or indirect liability, contingent or
not, of that Person for (a) any indebtedness, lease, dividend, letter of credit or other obligation
of another such as an obligation directly or indirectly guaranteed, endorsed, co-made, discounted
or sold with recourse by that Person, or for which that Person is directly or indirectly liable;
(b) any obligations for undrawn letters of credit for the account of that Person; and (c) all
obligations from any interest rate, currency or commodity swap agreement, interest rate cap or
collar agreement, or other agreement or arrangement designated to protect a Person against
fluctuation in interest rates, currency exchange rates or commodity prices; but “Contingent
Obligation” does not include endorsements in the ordinary course of business. The amount of a
Contingent Obligation is the stated or determined amount of the primary obligation for which the
Contingent Obligation is made or, if not determinable, the maximum reasonably anticipated liability
for it determined by the Person in good faith; but the amount may not exceed the maximum of the
obligations under any guarantee or other support arrangement.

     “Continuation Date” means any date on which Borrower elects to continue a LIBOR Advance or
LIBOR Second Equipment Advance into another Interest Period.

     “Control Agreement” is any control agreement entered into among the depository institution at
which Borrower maintains a Deposit Account or the securities intermediary or commodity intermediary
at which Borrower
maintains a Securities Account or a Commodity account, Borrower, and Bank pursuant to which
Bank obtains control (within the meaning of the Code) over such Deposit Account, Securities
Account, or Commodity Account.

     “Conversion Date” means any date on which Borrower elects to convert a Prime Rate Advance to a
LIBOR Advance, a LIBOR Advance to a Prime Rate Advance, a LIBOR Second Equipment Advance into a
Prime Rate Second Equipment Advance or a Prime Rate Second Equipment Advance (that was previously
converted from a LIBOR Second Equipment Advance) into a LIBOR Second Equipment Advance.

     “Credit Extension” is any Advance, Equipment Advance, Second Equipment Advance, Letter of
Credit, FX Forward Contract, amount utilized for Cash Management Services, or any other extension
of credit by Bank for Borrower’s benefit.

     “Current Liabilities” are all obligations and liabilities of Borrower to Bank, plus, without
duplication, the aggregate amount of Borrower’s Total Liabilities that mature within one (1) year.

     “Default” means any event which with notice or passage of time or both, would constitute an
Event of Default.

     “Default Rate” is defined in Section 2.4(b).

     “Deferred Revenue” is all amounts received or invoiced in advance of performance under
contracts and not yet recognized as revenue.

     “Deposit Account” is any “deposit account” as defined in the Code with such additions to such
term as may hereafter be made.

-26-

 

     “Designated Deposit Account” is Borrower’s deposit account, account number 3300210760,
maintained with Bank.

     “Dollars,” “dollars” and “$” each mean lawful money of the United States.

     “Domestic Subsidiary” means a Subsidiary organized under the laws of the United States or any
state or territory thereof or the District of Columbia.

     “Draw Period” is the period of time from the Effective Date through twelve (12) months from
the Effective Date.

     “EBITDA” shall mean (a) Net Income, plus (b) Interest Expense, plus (c) to the extent deducted
in the calculation of Net Income, depreciation expense and amortization expense, plus (d) income
tax expense, plus (e) non-cash stock based compensation in accordance with GAAP.

     “Effective Amount” means with respect to any Advances on any date, the aggregate outstanding
principal amount thereof after giving effect to any borrowing and prepayments or repayments thereof
occurring on such date.

     “Effective Date” is the date Bank executes this Agreement and as indicated on the signature
page hereof.

     “Eligible Accounts” are Accounts which arise in the ordinary course of Borrower’s business
that meet all Borrower’s representations and warranties in Section 5.3. Bank reserves the right at
any time and from time to time after the Effective Date, to adjust any of the criteria set forth
below and to establish new criteria in its good faith business judgment. Unless Bank agrees
otherwise in writing, Eligible Accounts shall not include:

     (a) Accounts for which the Account Debtor has not been invoiced;

     (b) Accounts that the Account Debtor has not paid within ninety (90) days of invoice date;

     (c) Accounts owing from an Account Debtor, fifty percent (50%) or more of whose Accounts have
not been paid within ninety (90) days of invoice date;

     (d) Credit balances over ninety (90) days from invoice date;

     (e) Accounts owing from an Account Debtor, including Affiliates, whose total obligations to
Borrower exceed twenty-five (25%) of all Accounts, for the amounts that exceed that percentage,
unless Bank approves in writing;

     (f) Accounts owing from an Account Debtor which does not have its principal place of business
in the United States except for Eligible Foreign Accounts or other foreign accounts that do not
exceed the Foreign/Government Account Basket;

     (g) Accounts owing from an Account Debtor which is a federal, state or local government entity
or any department, agency, or instrumentality thereof except for Accounts of the United States if
Borrower has assigned its payment rights to Bank and the assignment has been acknowledged under the
Federal Assignment of Claims Act of 1940, as amended or other government accounts that do not
exceed the Foreign/Government Account Basket;

     (h) Accounts owing from an Account Debtor to the extent that Borrower is indebted or obligated
in any manner to the Account Debtor (as creditor, lessor, supplier or otherwise — sometimes called
“contra” accounts, accounts payable, customer deposits or credit accounts), with the exception of
customary credits, adjustments and/or discounts given to an Account Debtor by Borrower in the
ordinary course of its business; provided however that Deferred Revenue shall not be considered
amounts owed by Borrower to the Account Debtor;

     (i) Accounts for demonstration or promotional equipment, or in which goods are consigned, or
sold on a “sale guaranteed”, “sale or return”, “sale on approval”, “bill and hold”, or other terms
if Account Debtor’s payment may be conditional;

-27-

 

     (j) Accounts for which the Account Debtor is Borrower’s Affiliate, officer, employee, or
agent;

     (k) Accounts in which the Account Debtor disputes liability or makes any claim (but only up to
the disputed or claimed amount), or if the Account Debtor is subject to an Insolvency Proceeding,
or becomes insolvent, or goes out of business;

     (l) Accounts owing from an Account Debtor with respect to which Borrower has received deferred
revenue (but only to the extent of such deferred revenue);

     (m) Accounts for which Bank in its good faith business judgment determines collection to be
doubtful; and

     (n) other Accounts Bank deems ineligible in the exercise of its good faith business judgment.

     “Eligible Equipment” is (a) general purpose computer equipment, office equipment, test and
laboratory equipment, furnishings, subject to the limitations set forth herein, and (b) Other
Equipment that complies with all of Borrower’s representations and warranties to Bank and which is
acceptable to Bank in all respects and in which Bank has a first priority Lien.

     “Eligible Foreign Accounts” are Accounts for which the Account Debtor does not have its
principal place of business in the United States but are otherwise Eligible Accounts that are (a)
covered by credit insurance satisfactory to Bank, less any deductible; (b) supported by letter(s)
of credit acceptable to Bank; or (c) that Bank approves in writing.

     “Equipment” is all “equipment” as defined in the Code with such additions to such term as may
hereafter be made, and includes without limitation all machinery, fixtures, goods, vehicles
(including motor vehicles and trailers), and any interest in any of the foregoing.

     “Equipment Advance” is defined in Section 2.1.6.

     “Equipment Maturity Date” is, for each Equipment Advance, a date 36 months after such
Equipment Advance.

     “ERISA” is the Employment Retirement Income Security Act of 1974, and its regulations.

     “Event of Default” is defined in Section 8.

     “Fixed Rate Second Equipment Advance” means a Second Equipment Advance that bears interest
based at the Fixed Rate Second Equipment Advance Option.

     “Foreign/Government Account Basket” means the unpaid total face amount of foreign and
government Accounts in the sum of not more than $1,000,000, which are (a) Accounts for which the
account debtor does not have its principal place of business in the United States and which are not
Eligible Foreign Accounts; and/or (b) Accounts for which the account debtor is a federal, state or
local government entity or any department, agency, or instrumentality and which are not Accounts of
the United States under which the payee has assigned its payment rights to Bank and the assignment
has been acknowledged under the Assignment of Claims Act of 1940.

     “Foreign Currency” means lawful money of a country other than the United States.

     “Foreign Subsidiary” means any Subsidiary which is not a Domestic Subsidiary.

     “Funding Date” is any date on which a Credit Extension is made to or on account of Borrower
which shall be a Business Day.

     “FX Business Day” is any day when (a) Bank’s Foreign Exchange Department is conducting its
normal business and (b) the Foreign Currency being purchased or sold by Borrower is available to
Bank from the entity from which Bank shall buy or sell such Foreign Currency.

-28-

 

     “FX Forward Contract” is defined in Section 2.1.3.

     “FX Reserve” is defined in Section 2.1.3.

     “GAAP” is generally accepted accounting principles set forth in the opinions and
pronouncements of the Accounting Principles Board of the American Institute of Certified Public
Accountants and statements and pronouncements of the Financial Accounting Standards Board or in
such other statements by such other Person as may be approved by a significant segment of the
accounting profession, which are applicable to the circumstances as of the date of determination.

     “General Intangibles” is all “general intangibles” as defined in the Code in effect on the
date hereof with such additions to such term as may hereafter be made, and includes without
limitation, all copyright rights, copyright applications, copyright registrations and like
protections in each work of authorship and derivative work, whether published or unpublished, any
patents, trademarks, service marks and, to the extent permitted under applicable law, any
applications therefor, whether registered or not, any trade secret rights, including any rights to
unpatented inventions, payment intangibles, royalties, contract rights, goodwill, franchise
agreements, purchase orders, customer lists, route lists, telephone numbers, domain names, claims,
income and other tax refunds, security and other deposits, options to purchase or sell real or
personal property, rights in all litigation presently or hereafter pending (whether in contract,
tort or otherwise), insurance policies (including without limitation key man, property damage, and
business interruption insurance), payments of insurance and rights to payment of any kind.

     “Guarantor” is any present or future guarantor of the Obligations.

     “Indebtedness” is (a) indebtedness for borrowed money or the deferred purchase price of
property or services, such as reimbursement and other obligations for surety bonds and letters of
credit, (b) obligations evidenced by notes, bonds, debentures or similar instruments, (c) capital
lease obligations, and (d) Contingent Obligations.

     “Insolvency Proceeding” is any proceeding by or against any Person under the United States
Bankruptcy Code, or any other bankruptcy or insolvency law, including assignments for the benefit
of creditors, compositions, extensions generally with its creditors, or proceedings seeking
reorganization, arrangement, or other relief.

     “Interest Expense” means for any fiscal period, interest expense (whether cash or non-cash)
determined in accordance with GAAP for the relevant period ending on such date, including, in any
event, interest expense with respect to any Credit Extension and other Indebtedness of Borrower and
its Subsidiaries, including, without limitation or duplication, all commissions, discounts, or
related amortization and other fees and charges with respect to letters of credit and bankers’
acceptance financing and the net costs associated with interest rate swap, cap, and similar
arrangements, and the interest portion of any deferred payment obligation (including leases of all
types).

     “Interest Payment Date” means, with respect to any LIBOR Advance, the last day of each
Interest Period applicable to such LIBOR Advance and, with respect to Prime Rate Advances, the
fourteenth (14th) day of each month (or, if the fourteenth day of the month does not fall on a
Business Day, then on the first Business Day following such date), and each date a Prime Rate
Advance is converted into a LIBOR Advance to the extent of the amount converted to a LIBOR Advance.

     “Interest Period” means, (a) as to any LIBOR Advance, the period commencing on the date of
such LIBOR Advance, or on the conversion/continuation date on which the LIBOR Advance is converted
into or continued as a LIBOR Advance, and ending on the date that is one (1), two (2), three (3),
or six (6) months thereafter, in each case as Borrower may elect in the applicable Notice of
Borrowing or Notice of Conversion/Continuation; provided, however, that (i) no Interest Period with
respect to any LIBOR Advance shall end later than the Revolving Maturity Date, (ii) the last day of
an Interest Period shall be determined in accordance with the practices of the LIBOR interbank
market as from time to time in effect, (iii) if any Interest Period would otherwise end on a day
that is not a Business Day, that Interest Period shall be extended to the following Business Day
unless, in the case of a LIBOR Advance, the result of such extension would be to carry such
Interest Period into another calendar month, in which event such Interest Period shall end on the
preceding Business Day, (iv) any Interest Period pertaining to a LIBOR Advance that begins on the
last Business Day of a calendar month (or on a day for which there is no numerically corresponding
day in the calendar month at the end of such Interest Period) shall end on the last Business Day of
the calendar month at the end of such Interest Period, and (v) interest shall accrue from and
include the first Business Day of an Interest Period but exclude the last Business Day of such

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Interest Period; and (b) as to any LIBOR Second Equipment Advance, the period commencing on the
date of such LIBOR Second Equipment Advance, or on the conversion/continuation date on which the
LIBOR Second Equipment Advance is converted into or continued as a LIBOR Second Equipment Advance,
and ending on the date that is three (3) or six (6) months thereafter, in each case as Borrower may
elect in the applicable Notice of Borrowing or Notice of Conversion/Continuation; provided,
however, that (i) no Interest Period with respect to any LIBOR Second Equipment Advance shall end
later than the applicable Second Equipment Maturity Date, (ii) the last day of an Interest Period
shall be determined in accordance with the practices of the LIBOR interbank market as from time to
time in effect, (iii) if any Interest Period would otherwise end on a day that is not a Business
Day, that Interest Period shall be extended to the following Business Day unless, in the case of a
LIBOR Second Equipment Advance, the result of such extension would be to carry such Interest Period
into another calendar month, in which event such Interest Period shall end on the preceding
Business Day, (iv) any Interest Period pertaining to a LIBOR Second Equipment Advance that begins
on the last Business Day of a calendar month (or on a day for which there is no numerically
corresponding day in the calendar month at the end of such Interest Period) shall end on the last
Business Day of the calendar month at the end of such Interest Period, and (v) interest shall
accrue from and include the first Business Day of an Interest Period but exclude the last Business
Day of such Interest Period.

     “Interest Rate Determination Date” means each date for calculating the LIBOR for purposes of
determining the interest rate in respect of an Interest Period. The Interest Rate Determination
Date shall be the second Business Day prior to the first day of the related Interest Period for the
applicable LIBOR Advance or LIBOR Second Equipment Advance.

     “Inventory” is all “inventory” as defined in the Code in effect on the date hereof with such
additions to such term as may hereafter be made, and includes without limitation all merchandise,
raw materials, parts, supplies, packing and shipping materials, work in process and finished
products, including without limitation such inventory as is temporarily out of Borrower’s custody
or possession or in transit and including any returned goods and any documents of title
representing any of the above.

     “Investment” is any beneficial ownership interest in any Person (including stock, partnership
interest or other securities), and any loan, advance or capital contribution to any Person.

     “Letter of Credit” means a standby letter of credit issued by Bank or another institution
based upon an application, guarantee, indemnity or similar agreement on the part of Bank as set
forth in Section 2.1.2.

     “Letter of Credit Application” is defined in Section 2.1.2(a).

     “Letter of Credit Reserve” has the meaning set forth in Section 2.1.2(d).

     “LIBOR Rate” means, for each Interest Period in respect of LIBOR Advances comprising part of
the same Advances or in respect of LIBOR Second Equipment Advances comprising part of the same
Second Equipment
Advances, an interest rate per annum (rounded upward to the nearest 1/16th of one percent
(0.0625%)) equal to LIBOR for such Interest Period divided by one (1) minus the Reserve Requirement
for such Interest Period.

     “LIBOR Rate Margin” is two and three-quarter percent (2.75%).

     “LIBOR” means, for any Interest Rate Determination Date with respect to an Interest Period for
any Advance or Second Equipment Advance to be made, continued as or converted into a LIBOR Advance
or LIBOR Second Equipment Advance, respectively, the rate of interest per annum determined by Bank
to be the per annum rate of interest at which deposits in United States Dollars are offered to Bank
in the London interbank market (rounded upward, if necessary, to the nearest 1/100th of one percent
(0.01%)) in which Bank customarily participates at 11:00 a.m. (local time in such interbank market)
two (2) Business Days prior to the first day of such Interest Period for a period approximately
equal to such Interest Period and in an amount approximately equal to the amount of such Advance or
Second Equipment Advance.

     “LIBOR Advance” means an Advance that bears interest based at the LIBOR Rate.

     “LIBOR Second Equipment Advance” means a Second Equipment Advance that bears interest based at
the LIBOR Rate.

     “Lien” is a mortgage, lien, deed of trust, charge, pledge, security interest or other
encumbrance.

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     “Loan Documents” are, collectively, this Agreement, the Perfection Certificate, any
note, or notes or guaranties executed by Borrower or any Guarantor, and any other present or future
agreement between Borrower any Guarantor and/or for the benefit of Bank in connection with this
Agreement, all as amended, restated, or otherwise modified.

     “Net Income” means, as calculated on a consolidated basis for Borrower and its Subsidiaries
for any period as at any date of determination, the net profit (or loss), after provision for
taxes, of Borrower and its Subsidiaries for such period taken as a single accounting period.

     “Non-Formula Advances” are defined in Section 2.1.1(a).

     “Notice of Borrowing” means a notice given by Borrower to Bank in accordance with Section
3.2(a), substantially in the form of Exhibit D, with appropriate insertions.

     “Notice of Conversion/Continuation” means a notice given by Borrower to Bank in accordance
with Section 3.5, substantially in the form of Exhibit E, with appropriate insertions.

     “Obligations” are Borrower’s obligation to pay when due any debts, principal, interest, Bank
Expenses and other amounts Borrower owes Bank now or later, whether under this Agreement, the Loan
Documents, or otherwise, including, without limitation, all obligations relating to letters of
credit, cash management services, and foreign exchange contracts, if any, and including interest
accruing after Insolvency Proceedings begin and debts, liabilities, or obligations of Borrower
assigned to Bank, and the performance of Borrower’s duties under the Loan Documents.

     “Operating Documents” are, for any Person, such Person’s formation documents, as certified
with the Secretary of State of such Person’s state of formation on a date that is no earlier than
30 days prior to the Effective Date, and, (a) if such Person is a corporation, its bylaws in
current form, (b) if such Person is a limited liability company, its limited liability company
agreement (or similar agreement), and (c) if such Person is a partnership, its partnership
agreement (or similar agreement), each of the foregoing with all current amendments or
modifications thereto.

     “Other Equipment” is leasehold improvements, intangible property such as computer software and
software licenses, equipment specifically designed or manufactured for Borrower, other intangible
property, limited use property and other similar property and soft costs approved by Bank,
including taxes, shipping, warranty charges, freight discounts and installation expenses.

     “Outstanding Second Equipment Advances” are defined in Section 2.1.7(b).

     “Payment Date” is defined in Section 2.1.6(b).

     “Perfection Certificate” is defined in Section 5.1.

     “Permitted Distributions” means:

     (a) purchases of capital stock from former employees, consultants and directors pursuant to
repurchase agreements or other similar agreements in an aggregate amount not to exceed $250,000.00
in any fiscal year provided that at the time of such purchase no Default or Event of Default has
occurred and is continuing;

     (b) distributions or dividends consisting solely of Borrower’s capital stock;

     (c) purchases for value of any rights distributed in connection with any stockholder rights
plan;

     (d) purchases of capital stock or options to acquire such capital stock with the proceeds
received from a substantially concurrent issuance of capital stock or convertible securities;

     (e) purchases of capital stock pledged as collateral for loans to employees;

     (f) purchases of capital stock in connection with the exercise of stock options or stock
appreciation rights by way of cashless exercise or in connection with the satisfaction of
withholding tax obligations;

-31-

 

     (g) purchases of fractional shares of capital stock arising out of stock dividends, splits or
combinations or business combinations;

     (h) dividends or distributions from a Subsidiary to Borrower or another Subsidiary; and

     (i) the settlement or performance of such Person’s obligations under any equity derivative
transaction, option contract or similar transaction or combination of transactions.

     “Permitted Indebtedness” is:

     (a) Borrower’s Indebtedness to Bank under this Agreement or any other Loan Document;

     (b) any Indebtedness existing on the Effective Date and shown on the Perfection Certificate;

     (c) Subordinated Debt;

     (d) unsecured Indebtedness to trade creditors incurred in the ordinary course of business;

     (e) guaranties of Permitted Indebtedness;

     (f) (1) Indebtedness of Borrower to any Subsidiary and Contingent Obligations of any
Subsidiary with respect to obligations of Borrower (provided that the primary obligations are not
prohibited hereby), (2) Indebtedness of any Subsidiary to any other Subsidiary and Contingent
Obligations of any Subsidiary with respect to the obligations of any other Subsidiary (provided
that the primary obligations are not prohibited hereby), and (3) Indebtedness of any Subsidiary to
Borrower and Contingent Obligations of Borrower with respect to the obligations of another
Subsidiary (provided that the primary obligations are not prohibited hereby) that are permitted
under clause (d) of the definition of Permitted Investments;

     (g) Indebtedness incurred as a result of endorsing negotiable instruments received in the
ordinary course of business;

     (h) Indebtedness consisting of reimbursement obligations under letters of credit issued for
the benefit of any landlord or other Person or guarantees required to secure rental payments on any
real estate lease;

     (i) Indebtedness consisting of interest rate, currency, or commodity swap agreements, interest
rate cap or collar agreements or arrangements designated to protect a Person against fluctuations
in interest rates, currency exchange rates, or commodity prices;

     (j) Indebtedness between Borrower and any of its Subsidiaries or among any of Borrower’s
Subsidiaries;

     (k) Indebtedness with respect to documentary letters of credit;

     (l) capitalized leases and purchase money Indebtedness secured by Permitted Liens;

     (m) Indebtedness of entities acquired in any permitted merger or acquisition transaction;

     (n) indemnity obligations, earn-out obligations or deferred payments of consideration in
connection with mergers, consolidations and acquisitions that are permitted by Section 7.3;

     (o) Other Indebtedness in an amount outstanding not to exceed the Threshold Amount; and

     (p) extensions, refinancings, modifications, amendments and restatements of Permitted
Indebtedness, provided that the principal amount of such Indebtedness is not increased or the terms
thereof are not modified to impose more burdensome terms upon Borrower or its Subsidiary, as the
case may be.

     “Permitted Investments” are:

     (a) Investments existing on the Effective Date;

-32-

 

     (b) (i) marketable direct obligations issued or unconditionally guaranteed by the United
States or its agencies or any State maturing within 1 year from its acquisition, (ii) commercial
paper maturing no more than 2 years after its creation and having the highest rating from either
Standard & Poor’s Corporation or Moody’s Investors Service, Inc., and (iii) Bank’s certificates of
deposit maturing no more than 2 years after issue;

     (c) Investments approved by the Borrower’s Board of Directors or otherwise pursuant to a
Board-approved investment policy;

     (d) Investments in, or equity contributions or asset transfers to Borrower’s Subsidiaries to
finance the operating expenses of such Subsidiaries; provided however, that the amount of
Investments in, or equity contributions or asset transfers to Borrower’s Subsidiaries shall not
exceed the Threshold Amount unless such Subsidiary is a co-borrower or guarantor of the Borrower’s
Obligations to Bank;

     (e) Investments consisting of Collateral Accounts in the name of Borrower or any Subsidiary
provided that with respect to Collateral Accounts (other than deposit accounts exclusively used for
payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of
Borrower’s or any Subsidiary’s employees) in the name of Borrower or any Subsidiary, excluding
Foreign Subsidiaries, Bank has a first priority, perfected security interest in such Collateral
Accounts;

     (f) Investments consisting of extensions of credit to Borrower’s or its Subsidiaries’
customers in the nature of accounts receivable, prepaid royalties or notes receivable arising from
the sale or lease of goods, provision of services or licensing activities of Borrower;

     (g) Investments received in satisfaction or partial satisfaction of obligations owed by
financially troubled obligors;

     (h) Investments acquired in exchange for any other Investments in connection with or as a
result of a bankruptcy, workout, reorganization or recapitalization;

     (i) Investments acquired as a result of a foreclosure with respect to any secured Investment;

     (j) Investments consisting of interest rate, currency, or commodity swap agreements, interest
rate cap or collar agreements or arrangements designated to protect a Person against fluctuations
in interest rates, currency exchange rates, or commodity prices;

     (k) Investments consisting of (i) travel advances and employee relocation loans and other
employee loans and advances in the ordinary course of business and (ii) loans to employees relating
to the purchase of equity securities of Borrower or its Subsidiaries pursuant to employee stock
purchase plan agreements approved by Borrower’s Board of Directors as long as no cash proceeds are
distributed in connection therewith;

     (l) Deposits, repayments and other credits to suppliers who are not Affiliates made in the
ordinary course of business;

     (m) Other Investments in an amount not to exceed the Threshold Amount in any fiscal year; and

     (n) Investments received in a transaction permitted under Section 7.3.

     “Permitted Liens” are:

     (a) (i) Liens securing Permitted Indebtedness described under clause (b) of the definition of
“Permitted Indebtedness” or (ii) Liens arising under this Agreement or other Loan Documents;

     (b) Liens for taxes, fees, assessments or other government charges or levies, either not
delinquent or being contested in good faith and for which Borrower maintains adequate reserves on
its Books, if they have no priority over any of Bank’s Liens;

     (c) Liens (including with respect to capital leases) (i) on property (including accessions,
additions, parts, replacements, fixtures, improvements and attachments thereto, and the proceeds
thereof) acquired or held by

-33-

 

Borrower or its Subsidiaries incurred for financing such property (including accessions,
additions, parts, replacements, fixtures, improvements and attachments thereto, and the proceeds
thereof), or (ii) existing on property (and accessions, additions, parts, replacements, fixtures,
improvements and attachments thereto, and the proceeds thereof) when acquired, if the Lien is
confined to such property (including accessions, additions, parts, replacements, fixtures,
improvements and attachments thereto, and the proceeds thereof);

     (d) Liens incurred in the extension, renewal or refinancing of the indebtedness secured by
Liens described in (a) through (c), but any extension, renewal or replacement Lien must be limited
to the property encumbered by the existing Lien and the principal amount of the indebtedness it
secures may not increase;

     (e) leases or subleases of real property granted in the ordinary course of business, and
leases, subleases, non-exclusive licenses or sublicenses of property (other than real property or
intellectual property) granted in the ordinary course of Borrower’s business, if the
leases, subleases, licenses and sublicenses do not prohibit granting Bank a security interest;

     (f) non-exclusive license of intellectual property granted to third parties in the ordinary
course of business,and licenses of intellectual property that could not result in a legal transfer
of title of the licensed property that may be exclusive in respects other than territory and that
may be exclusive as to territory only as to discreet geographical areas outside of the United
States;

     (g) leases or subleases granted in the ordinary course of Borrower’s business, including in
connection with Borrower’s leased premises or leased property;

     (h) Liens on assets acquired in mergers and acquisitions not prohibited by Section 7 of this
Agreement;

     (l) Liens consisting of pledges of cash, cash equivalents or government securities to secure
swap or foreign exchange contracts or letters of credit;

     (m) Liens arising from judgments, decrees or attachments in circumstances not constituting an
Event of Default under Sections 8.3 or 8.6;

     (n) Liens in favor of other financial institutions arising in connection with Borrower’s and
its Subsidiaries’ deposit or securities accounts held at such institutions, provided that with
respect to Borrower’s or any Subsidiary’s such deposit or securities accounts (other than deposit
accounts exclusively used for payroll, payroll taxes and other employee wage and benefit payments
to or for the benefit of Borrower’s or any Subsidiary’s employees), excluding Foreign Subsidiaries,
Bank has a perfected security interest in the amounts held in such deposit and/or securities
accounts in the United States;

     (o) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like Liens
arising in the ordinary course of business which are not overdue for a period of more than 30 days
or which are being contested in good faith and by appropriate proceeding if adequate reserves with
respect thereto are maintained on the books of the applicable Person;

     (p) Liens to secure payment of workers’ compensation, employment insurance, old-age pensions,
social security and other like obligations incurred in the ordinary course of business (other than
Liens imposed by ERISA);

     (q) deposits to secure the performance of bids, trade contracts (other than for borrowed
money), contracts for the purchase of property, leases, statutory obligations, surety and appeal
bonds, performance bonds and other obligations of a like nature, in each case, incurred in the
ordinary course of business and not representing an obligation for borrowed money;

     (r) Easements, rights-of-way, restrictions and other similar encumbrances affecting real
property which do not in any case materially detract from the value of the property subject thereto
or materially interfere with the ordinary conduct of the business of the applicable Person and
which do not represent or secure an obligation for borrowed money;

-34-

 

     (s) Liens in favor of customs or revenue authorities arising as a matter of law to secure
payment of customs duties in connection with the importation of goods; and

     (t) Liens on insurance proceeds in favor of insurance companies granted solely to secure
financed insurance premiums.

     “Person” is any individual, sole proprietorship, partnership, limited liability company, joint
venture, company, trust, unincorporated organization, association, corporation, institution, public
benefit corporation, firm, joint stock company, estate, entity or government agency.

     “Prepayment Fee” is a fee on any portion of the Obligations with a fixed interest rate (the
“Fixed Obligations”) paid before the payment due date. “Base Interest Rate” means Bank’s initial
cost of funding the Fixed Obligations. The Prepayment Fee is calculated as follows: First, Bank
determines a “Current Market Rate” based on what the Bank would receive if it loaned the remaining
amount on the prepayment date in a wholesale funding market matching maturity, remaining principal
and interest amounts and principal and interest payment dates (the aggregate payments received are
the “Current Market Rate Amount”). Bank may select any wholesale funding market rate as the
Current Market Rate. Second, Bank will take the prepayment amount and calculate the present value
of each remaining principal and interest payment which, without prepayment, the Bank would have
received during the term of the Fixed Obligations using the Base Interest Rate. The sum of the
present value calculations is the “Mark to Market Amount.” Third, the Bank will subtract the
Current Market Rate Amount from the Mark to Market Amount. Any amount greater than zero is the
Prepayment Fee.

     “Prime Rate” is Bank’s most recently announced “prime rate,” even if it is not Bank’s lowest
rate.

     “Prime Rate Advance” means an Advance that bears interest based at the Prime Rate.

     “Prime Rate Second Equipment Advance” means a Second Equipment Advance that bears interest
based at the floating Prime Rate.

     “Pro-Forma Basis” is defined in Section 7.3.

     “Quick Assets” is, on any date, Borrower’s unrestricted cash or Cash Equivalents deposited
with Bank or invested through Bank’s Affiliate in investments with maturities of fewer than 12
months, unrestricted cash or Cash Equivalents deposited with or invested through a third party in
investments with maturities of fewer than 12 months so long as a Control Agreement satisfactory to
Bank has been executed and delivered with respect to such deposits or investments, and net billed
accounts receivable determined according to GAAP.

     “Registered Organization” is any “registered organization” as defined in the Code with such
additions to such term as may hereafter be made.

     “Regulatory Change” means, with respect to Bank, any change on or after the date of this
Agreement in United States federal, state, or foreign laws or regulations, including Regulation D,
or the adoption or making on or after such date of any interpretations, directives, or requests
applying to a class of lenders including Bank, of or under any United States federal or state, or
any foreign laws or regulations (whether or not having the force of law) by any court or
governmental or monetary authority charged with the interpretation or administration thereof.

     “Reserve Requirement” means, for any Interest Period, the average maximum rate at which
reserves (including any marginal, supplemental, or emergency reserves) are required to be
maintained during such Interest Period under Regulation D against “Eurocurrency liabilities” (as
such term is used in Regulation D) by member banks of the Federal Reserve System. Without limiting
the effect of the foregoing, the Reserve Requirement shall reflect any other reserves required to
be maintained by Bank by reason of any Regulatory Change against (a) any category of liabilities
which includes deposits by reference to which the LIBOR Rate is to be determined as provided in the
definition of LIBOR or (b) any category of extensions of credit or other assets which include
Advances and Second Equipment Advances.

     “Responsible Officer” is any of the Chief Executive Officer, the President, the Chief
Financial Officer and the Controller of Borrower.

-35-

 

     “Revolving Line” is an Advance or Advances in an aggregate amount of up to $10,000,000.00
outstanding at any time.

     “Revolving Line Maturity Date” is the 364th day after the Effective Date.

     “Second Equipment Advance” is defined in Section 2.1.7(a).

     “Second Equipment Advance Fixed Rate Option” is defined in Section 2.4(a)(ii).

     “Second Equipment Line” is a Second Equipment Advance or Second Equipment Advances plus the
total original principal amount of the Outstanding Second Equipment Advances in an aggregate amount
of up to $20,000,000.00 outstanding at any time.

     “Second Equipment Maturity Date” is, for each Second Equipment Advance, a date 48 months after
such Second Equipment Advance.

     “Securities Account” is any “securities account” as defined in the Code with such additions to
such term as may hereafter be made.

     “Settlement Date” is defined in Section 2.1.3.

     “Subordinated Debt” is Indebtedness incurred by Borrower subordinated to Borrower’s
Indebtedness owed to Bank and which is reflected in a written agreement in a manner and form
reasonably acceptable to Bank and approved by Bank in writing, and to the extent the terms of
subordination do not change adversely to Bank, refinancings, refundings, renewals, amendments or
extensions of the foregoing.

     “Subsidiary” means, with respect to any Person, any Person of which more than 50% of the
voting stock or other equity interests is owned or controlled, directly or indirectly, by such
Person or one or more Affiliates of such Person.

     “Tangible Net Worth” is, on any date, the consolidated total assets of Borrower and its
Subsidiaries minus (a) any amounts attributable to (i) goodwill, (ii) intangible items
including unamortized debt discount and expense, patents, trade and service marks and names,
copyrights and research and development expenses except prepaid expenses, (iii) notes, accounts
receivable and other obligations owing to Borrower from its officers or other Affiliates, and (iv)
reserves not already deducted from assets, minus (b) Total Liabilities.

     “Threshold Amount” means, as determined in any month, (i) $500,000.00, if Borrower fails to
have as of the last day of the prior month EBITDA that is equal to or greater than zero dollars
($0.00), and (ii) $2,000,000.00, if Borrower has as of the last day of the prior month EBITDA that
is equal to or greater than zero dollars ($0.00).

     “Total Liabilities” is on any day, obligations that should, under GAAP, be classified as
liabilities on Borrower’s consolidated balance sheet, including all Indebtedness, and current
portion of Subordinated Debt permitted by Bank to be paid by Borrower, but excluding all other
Subordinated Debt.

     “Transfer” is defined in Section 7.1.

[Signature page follows.]

-36-

 

     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the
Effective Date.

	 	 	 	 	 	 
	BORROWER:

OMNITURE, INC.
	 
	 
	By 
	/s/ Michael S. Herring	 	 
	Name:	Mike Herring	 	 
	Title:	CFO	 	 
	 
	BANK:

SILICON VALLEY BANK

	 
	By
	/s/ Todd Hardy	 
	Name:	Todd Hardy	 	 
	Title:	Relationship Manager	 	 
	Effective Date: 	August 17, 2007	 	 
	 

[Signature page to Loan and Security Agreement]

 

 

EXHIBIT A

     The Collateral consists of all of Borrower’s right, title and interest in and to the following
whether owned now or hereafter arising and whether the Borrower has rights now or hereafter has
rights therein and wherever located:

     All goods and equipment now owned or hereafter acquired, including, without limitation, all
machinery, fixtures, vehicles (including motor vehicles and trailers), and any interest in any of
the foregoing, and all attachments, accessories, accessions, replacements, substitutions,
additions, and improvements to any of the foregoing, wherever located;

     All inventory, now owned or hereafter acquired, including, without limitation, all
merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and
finished products including such inventory as is temporarily out of Borrower’s custody or
possession or in transit and including any returns upon any accounts or other proceeds, including
insurance proceeds, resulting from the sale or disposition of any of the foregoing and any
documents of title representing any of the above;

     All contract rights and general intangibles (as such definitions may be amended from time to
time according to the Code), now owned or hereafter acquired, including, without limitation, but
subject to the applicable provisions below regarding Intellectual Property, goodwill, trademarks,
servicemarks, trade styles, trade names, patents, patent applications, leases, license agreements,
franchise agreements, blueprints, drawings, purchase orders, customer lists, route lists,
infringements, claims, computer programs, computer discs, computer tapes, literature, reports,
catalogs, design rights, income tax refunds, payments of insurance and rights to payment of any
kind;

     All now existing and hereafter arising accounts, contract rights, royalties, license rights
and all other forms of obligations owing to Borrower arising out of the sale or lease of goods, the
licensing of technology or the rendering of services by Borrower (as such definitions may be
amended from time to time according to the Code) whether or not earned by performance, and any and
all credit insurance, insurance (including refund) claims and proceeds, guaranties, and other
security thereof, as well as all merchandise returned to or reclaimed by Borrower;

     All documents, cash, deposit accounts, securities, securities entitlements, securities
accounts, investment property, financial assets, letters of credit, letter of credit rights,
certificates of deposit, instruments and chattel paper and electronic chattel paper now owned or
hereafter acquired and Borrower’s Books relating to the foregoing;

     All copyright rights, copyright applications, copyright registrations and like protections in
each work of authorship and derivative work thereof, whether published or unpublished, now owned or
hereafter acquired; all trade secret rights, including all rights to unpatented inventions, know
how, operating manuals, license rights and agreements and confidential information, now owned or
hereafter acquired; all mask work or similar rights available for the protection of semiconductor
chips, now owned or hereafter acquired; all claims for damages by way of any past, present and
future infringement of any of the foregoing; and

     All Borrower’s Books relating to the foregoing and any and all claims, rights and interests in
any of the above and all substitutions for, additions and accessions to and proceeds thereof.

     Notwithstanding the foregoing, the Collateral shall not be deemed to include (a) more than 65%
of the presently existing and hereafter arising issued and outstanding shares of capital stock
owned by Borrower of any Foreign Subsidiary which shares entitle the holder thereof to vote for
directors or any other matter, (b) any equipment (including any accessions, additions and
replacements thereof), the purchase or acquisition of which was financed by a third party that has
a Permitted Lien on such equipment, and was not financed by the Bank, to the extent the grant of a
security interest therein is prohibited by or would constitute a default under the third party’s
loan, lease or other financing documents, provided that upon the termination or lapsing of any such
prohibition or payment in full of such third party, such property will at all times constitute
Collateral, or (c) any copyrights, copyright applications, copyright registrations and like
protection in each work of authorship and derivative work thereof, whether published or
unpublished, now owned or hereafter acquired; any patents, patent applications and like protections
including without limitation improvements, divisions, continuations, renewals, reissues, extensions
and continuations-in-part of the same, trademarks, servicemarks and applications therefor, whether
registered or not, and the goodwill of the business of Borrower
connected with and symbolized by such trademarks,
any proprietary

1

 

software, including all source code and object code, all design rights, any trade
secret rights, including any rights to unpatented inventions, know-how, operating manuals, license
rights and agreements and confidential information, now owned or hereafter acquired; or any claims
for damage by way of any past, present and future infringement of any of the foregoing
(collectively, the “Intellectual Property”), except that the Collateral shall include the proceeds
of all the Intellectual Property that are accounts, (i.e. accounts receivable) of Borrower, or
general intangibles consisting of rights to payment, if a judicial authority (including a U.S.
Bankruptcy Court) holds that a security interest in the underlying Intellectual Property is
necessary to have a security interest in such accounts and general intangibles of Borrower that are
proceeds of the Intellectual Property, then the Collateral shall automatically, and effective as of
the Closing Date, include the Intellectual Property to the extent necessary to permit perfection of
Bank’s security interest in such accounts and general intangibles of Borrower that are proceeds of
the Intellectual Property.

     Borrower and Bank are parties to that certain Negative Pledge Agreement, whereby Borrower, in
connection with Bank’s loan or loans to Borrower, has agreed, among other things, not to sell,
transfer, assign, mortgage, pledge, lease grant a security interest in, or encumber any of its
Intellectual Property, without Bank’s prior written consent.

2

 

EXHIBIT B

BORROWING BASE CERTIFICATE

Borrower: Omniture, Inc.

Lender: Silicon Valley Bank

Commitment Amount: $10,000,000

	 	 	 	 	 
	ACCOUNTS RECEIVABLE	 	 
	1.
	 	Accounts Receivable Book Value as of ____________________	 	$               
	2.
	 	Additions (please explain on reverse)	 	$               
	3.
	 	TOTAL ACCOUNTS RECEIVABLE	 	$               
	 
	ACCOUNTS RECEIVABLE DEDUCTIONS (without duplication)	 	 
	4.
	 	Un-invoiced Accounts	 	$               
	5.
	 	Amounts over 90 days due	 	$               
	6.
	 	Balance of 50% over 90 day accounts	 	$               
	7.
	 	Credit balances over 90 days	 	$               
	8.
	 	Concentration Limits	 	$               
	9.
	 	Foreign Accounts*	 	$               
	10.
	 	Governmental Accounts*	 	$               
	11.
	 	Contra Accounts	 	$               
	12.
	 	Promotion or Demo Accounts	 	$               
	13.
	 	Intercompany/Employee Accounts	 	$               
	14.
	 	Disputed Accounts	 	$               
	15.
	 	Deferred Revenue	 	$               
	16.
	 	Other (please explain on reverse)	 	$               
	17.
	 	TOTAL ACCOUNTS RECEIVABLE DEDUCTIONS	 	$               
	18.
	 	Eligible Accounts (#3 minus #17)	 	$               
	19.
	 	ELIGIBLE AMOUNT OF ACCOUNTS (80% of #18)	 	$               

 

			
	*	 	Except for Eligible Foreign Accounts and up to $1,000,000 of the total
unpaid face amount of Foreign Accounts that do not meet the Eligible
Foreign Accounts definition and/or Government Accounts that are not
assigned under the Assignment of Claims Act may be included as Eligible
Accounts

	 	 	 	 	 
	CASH DEPOSITS	 	 
	20.
	 	Cash deposited with Bank or invested through its Affiliate	 	$               
	 
	 	 	 	 
	BALANCES	 	 
	21.
	 	Maximum Loan Amount	 	$               
	22.
	 	Total Funds Available [Lesser of #21 or (#19 plus #20 plus $3,000,000)]	 	$               
	23.
	 	Present balance owing on Line of Credit	 	$               
	24.
	 	Outstanding under Sublimits	 	$               
	25.
	 	RESERVE POSITION (#22 minus #23 and #24)	 	$               

The undersigned represents and warrants that this is true, complete and correct, and that the
information in this Borrowing Base Certificate complies with the representations and warranties in
the Loan and Security Agreement between the undersigned and Silicon Valley Bank.

1

 

	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 
	 

	 	 	 	 	 	 	BANK USE ONLY
	 	 	 
	 

	 	 	 	 	 
	 	Received by:  	 	 	 
	 

	 	 	 	 	 	 	
 

	 	 	 
	COMMENTS: 

	 	 	 	 	                authorized signer	 	 	 
	 

	 	 	 	 	 	 	Date:  	 	 	 
	 	 	 	 	 	 	 	
 

	 	 	 
	 

	 	 	 	 	Verified:	 	 	 
	 

	 	 	 	 	 	 	
 

	 	 	 
	By:

	 	 	 	 	 	 	                authorized signer	 	 	 
	 

	 	 	 	 	 	 	 	 	 
	 

	Authorized Signer
	 	 	 	 	Date: 	 	 	 
	 

	 	 	 	 	 	
 

	 	 	 
	Date: 

	 	 	 	 	 	Compliance Status:           Yes      No	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 

2

 

EXHIBIT C-1

COMPLIANCE CERTIFICATE

	 	 	 	 	 	 	 	 	 	 	 
	TO:	 	SILICON VALLEY BANK	 	Date:                                         
	FROM:

	 	OMNITURE, INC.	 	 	 	 	 	 	 	 

     The undersigned authorized officer of Omniture, Inc. (“Borrower”) certifies that under
the terms and conditions of the Loan and Security Agreement between Borrower and Bank (the
“Agreement”), (1) Borrower is in complete compliance for the period ending                                          with all
required covenants except as noted below, (2) there are no Events of Default, (3) all
representations and warranties in the Agreement are true and correct in all material respects on
this date except as noted below; provided, however, that such materiality qualifier shall not be
applicable to any representations and warranties that already are qualified or modified by
materiality in the text thereof; and provided, further that those representations and warranties
expressly referring to a specific date shall be true, accurate and complete in all material
respects as of such date, (4) Borrower, and each of its Subsidiaries, has timely filed all required
tax returns and reports, and Borrower has timely paid all foreign, federal, state and local taxes,
assessments, deposits and contributions owed by Borrower except as otherwise permitted pursuant to
the terms of Section 5.9 of the Agreement, and (5) no Liens have been levied or claims made against
Borrower or any of its Subsidiaries relating to unpaid employee payroll or benefits of which
Borrower has not previously provided written notification to Bank. Attached are the required
documents supporting the certification. The undersigned certifies that these are prepared in
accordance with GAAP consistently applied from one period to the next except (i) as explained in an
accompanying letter or footnotes and (ii) for the absence of footnotes and subject to year-end
adjustments with respect to unaudited financial statements. The undersigned acknowledges that no
borrowings may be requested at any time or date of determination that Borrower is not in compliance
with any of the terms of the Agreement, and that compliance is determined not just at the date this
certificate is delivered. Capitalized terms used but not otherwise defined herein shall have the
meanings given them in the Agreement.

Please indicate compliance status by circling Yes/No under “Complies” column.

	 	 	 	 	 
	Reporting Covenant	 	Required	 	Complies
	 
	 	 	 	 
	Quarterly consolidating financial statements

	 	Quarterly within 40 days
	 	Yes No
	10-Q, 10-K and 8-K + CC (with 10-Q and 10-K)

	 	Within 5 days after filing with SEC
	 	Yes No
	Borrowing Base Certificate A/R & A/P Agings and
Deferred Revenue

  report

	 	Monthly within 30 days*
	 	Yes No

 

			
	*	 	Only if Advances (including any Credit Extensions pursuant to the provisions of Sections 2.1.2, 2.1.3 and 2.1.4)
exceed $3,000,000 or an Event of Default has occurred and is continuing

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Financial Covenant	 	Required	 	 	Actual	 	 	Complies	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Maintain on a Quarterly Basis:
	 	 	 	 	 	 	 	 	 	 	 	 
	Minimum Tangible Net Worth
	 	$	30,000,000	**	 	$	                 	 	 	Yes No
	Minimum Adjusted Quick Ratio
	 	 	1.5:1.0	 	 	 	_____:1.0	 	 	Yes No

 

			
	**	 	plus 50% of all equity contributed to Borrower after April 1, 2007, and 50% of all
positive quarterly Net Income from and after April 1, 2007; provided however, that all
equity or capital contributed to Borrower in order to fund the deferred consideration due for the
Touch Clarity Ltd. acquisition shall be excluded.

1

 

     The following financial covenant analyses and information set forth in Schedule 1 attached
hereto are true and accurate as of the date of this Certificate.

     The following are the exceptions with respect to the certification above: (If no exceptions
exist, state “No exceptions to note.”)

 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Omniture, Inc.
	 	BANK USE ONLY	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	Received by:	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	By:	 	 	 	 	 	 	 	 	authorized signer	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
Name: 
	 	 	 	Date:	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Title:
	 	 	 	
Verified: 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	authorized signer	 	 	 	 	 	 	 
	 
	 	 	 	
Date:	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	
Compliance Status:      Yes     No

2

 

Schedule 1 to Compliance Certificate

Financial Covenants of Borrower

Dated:                                         

I. Tangible Net Worth (Section 6.6(a))

Required: $30,000,000 plus 50% of issuances of equity and 50% of quarterly Net Income after April
1, 2007; provided however, that all equity or capital contributed to Borrower in order to fund the
deferred consideration due for the Touch Clarity Ltd. acquisition shall be excluded.

Actual:

	 	 	 	 	 
	A.

	 	Aggregate value of total assets of Borrower
	 	$______
	B.

	 	Aggregate value of goodwill of Borrower
	 	$______
	C.

	 	Aggregate value of intangible assets of Borrower
	 	$______
	D.

	 	Aggregate value of notes, accounts receivable and other obligations owing to
Borrower from officers or Affiliates
	 	$______
	E.

	 	Aggregate value of any reserves not already deducted from assets
	 	$______
	F.

	 	Aggregate value of Total Liabilities of Borrower (including all Indebtedness)
	 	$______
	G.

	 	Tangible Net Worth (line A minus line B minus line C minus line D minus line
E minus line F)
	 	$______

Is line G equal to or greater than $30,000,000 plus 50% of issuances of equity and 50% of
quarterly Net Income after April 1, 2007; provided however, that all equity or capital
contributed to Borrower in order to fund the deferred consideration due for the Touch Clarity Ltd.
acquisition shall be excluded?

	 	 	 	 	 
	                          No, not in compliance

	 	 
	 	                     Yes, in compliance

II.    Adjusted Quick Ratio (Section 6.6(b))

Required:          1.50:1.00

Actual:

	 	 	 	 	 
	A.

	 	Aggregate value of unrestricted cash or Cash Equivalents of Borrower
deposited with Bank or invested through Bank’s Affiliate
	 	$______
	B.

	 	Aggregate value of cash or Cash Equivalents of Borrower deposited at other
institutions or invested with maturities of fewer than 12 months where an
Account Control Agreement is in place
	 	$______
	C.

	 	Aggregate value of the net billed accounts receivable of Borrower
	 	$______
	D.

	 	Quick Assets (the sum of lines A through C)
	 	$______
	E.

	 	Aggregate value of Obligations to Bank that matures within one (1) year
	 	$______

1

 

	 	 	 	 	 
	F.

	 	Aggregate value of other liabilities of Borrower (including all Indebtedness)
that matures within one (1) year and current portion of Subordinated Debt
permitted by Bank to be paid by Borrower
	 	$______
	G.

	 	Current Liabilities (the sum of lines E and F)
	 	$______
	H.

	 	Aggregate value of all amounts received or invoiced by Borrower in advance
of performance under contracts and not yet recognized as revenue that are
classified as current liabilities according to GAAP
	 	$______
	I.

	 	Line G minus Line H
	 	$______
	J.

	 	Adjusted Quick Ratio (line D divided by line I)
	 	$______

Is line J equal to or greater than 1.50:1.00?

	 	 	 	 	 
	                          No, not in compliance

	 	 	 	                      Yes, in compliance

2

 

EXHIBIT C-2

COMPLIANCE CERTIFICATE

	 	 	 	 	 
	TO:

	 	SILICON VALLEY BANK
	 	Date:                                         
	FROM:

	 	OMNITURE, INC.	 	 

     The undersigned authorized officer of Omniture, Inc. (“Borrower”) certifies that under
the terms and conditions of the Loan and Security Agreement between Borrower and Bank (the
“Agreement”), (1) Borrower is in complete compliance for the period ending                                          with all
required covenants except as noted below, (2) there are no Events of Default, (3) all
representations and warranties in the Agreement are true and correct in all material respects on
this date except as noted below; provided, however, that such materiality qualifier shall not be
applicable to any representations and warranties that already are qualified or modified by
materiality in the text thereof; and provided, further that those representations and warranties
expressly referring to a specific date shall be true, accurate and complete in all material
respects as of such date, (4) Borrower, and each of its Subsidiaries, has timely filed all required
tax returns and reports, and Borrower has timely paid all foreign, federal, state and local taxes,
assessments, deposits and contributions owed by Borrower except as otherwise permitted pursuant to
the terms of Section 5.9 of the Agreement, and (5) no Liens have been levied or claims made against
Borrower or any of its Subsidiaries relating to unpaid employee payroll or benefits of which
Borrower has not previously provided written notification to Bank. The undersigned certifies that
these are prepared in accordance with GAAP consistently applied from one period to the next except
(i) as explained in an accompanying letter or footnotes and (ii) for the absence of footnotes and
subject to year-end adjustments with respect to unaudited financial statements. The undersigned
acknowledges that no borrowings may be requested at any time or date of determination that Borrower
is not in compliance with any of the terms of the Agreement, and that compliance is determined not
just at the date this certificate is delivered. Capitalized terms used but not otherwise defined
herein shall have the meanings given them in the Agreement.

Please indicate compliance status by circling Yes/No under “Complies” column.

	 	 	 	 	 
	Reporting Covenant	 	Required	 	Complies
	 
	 	 	 	 
	Quarterly consolidating financial statements

	 	Quarterly within 40 days
	 	Yes  No
	10-Q, 10-K and 8-K + CC (with 10-Q and 10-K)

	 	Within 5 days after filing with SEC
	 	Yes  No
	Borrowing Base Certificate A/R & A/P Agings and
Deferred Revenue report

	 	Monthly within 30 days*
	 	Yes  No

 

			
	*	 	Only if Advances (including any Credit Extensions pursuant to the provisions of Sections 2.1.2, 2.1.3 and 2.1.4)
exceed $3,000,000 or an Event of Default has occurred and is continuing

	 	 	 	 	 	 	 
	Financial Covenant	 	Required	 	Actual	 	Complies
	 
	 	 	 	 	 	 
	Maintain on a Quarterly Basis:
	 	 	 	 	 	 
	Minimum Fixed Charge Coverage

	 	1.5:1.0
	 	___:1.0
	 	Yes No
	Minimum Adjusted Quick Ratio

	 	1.0:1.0
	 	___:1.0
	 	Yes No

1

 

     The following financial covenant analyses and information set forth in Schedule 1 attached
hereto are true and accurate as of the date of this Certificate.

     The following are the exceptions with respect to the certification above: (If no exceptions
exist, state “No exceptions to note.”)

	 

	 
	 

	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Omniture, Inc.
	 	BANK USE ONLY	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	Received by:	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	By:	 	 	 	 	 	 	 	 	authorized signer	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
Name: 
	 	 	 	Date:	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Title:
	 	 	 	
Verified: 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	authorized signer	 	 	 	 	 	 	 
	 
	 	 	 	
Date:	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	
Compliance Status:      Yes     No

2

 

Schedule 1 to Compliance Certificate

Financial Covenants of Borrower

Dated: ____________________

I. Fixed Charge Coverage (Section 6.6(c))

Required: 1.50:1.00

Actual:

	 	 	 	 	 
	A.

	 	Consolidated Net Income of Borrower for the quarter
	 	$______
	B.

	 	To the extent included in the determination of Net Income for such quarter	 	 
	 

	 	1. The provision for income taxes
	 	$______
	 

	 	2. Depreciation expense
	 	$______
	 

	 	3. Amortization expense
	 	$______
	 

	 	4. Interest Expense
	 	$______
	 

	 	5. Non-cash stock based compensation in accordance with GAAP
	 	$______
	 

	 	6. The sum of lines 1 through 5
	 	$______
	C.

	 	EBITDA (line A plus line B.6)
	 	$______
	D.

	 	Capitalized software development costs
	 	$______
	E.

	 	Unfunded capital expenditures (does not include capital expenditures that are (a)
permitted acquisitions under the Agreement, (b) funded by capital leases or (c)
expenditures to the extent that such expenditures are made as a tenant in leasehold
improvements to the extent reimbursable by the landlord)
	 	$______
	F.

	 	Line C minus line D minus line E, multiplied by 4
	 	$______
	G.

	 	Aggregate value of payments of principal on Indebtedness that mature within one (1) year
	 	$______
	H.

	 	Aggregate value of dividends paid on common stock of Borrower within the last twelve
(12) months
	 	$______
	I.

	 	Aggregate value of share repurchases made by Borrower within the last twelve (12) months
	 	$______
	J.

	 	Line B.1 plus line B.5 plus line G plus line H plus line I
	 	$______
	K.

	 	Fixed Charge Coverage (line F divided by line J)	 	  ______

Is line K equal to or greater than 1.50:1.00?

	 	 	 
	                                         No, not in compliance

	 	                                         Yes, in compliance

II.  Adjusted Quick Ratio (Section 6.6(d))

1

 

Required:      1.00:1.00

Actual:

	 	 	 	 	 
	A.

	 	Aggregate value of unrestricted cash or Cash Equivalents of Borrower
deposited with Bank or invested through Bank’s Affiliate
	 	$______
	B.

	 	Aggregate value of cash or Cash Equivalents of Borrower deposited at other
institutions or invested with maturities of fewer than 12 months where an
Account Control Agreement is in place
	 	$______
	C.

	 	Aggregate value of the net billed accounts receivable of Borrower
	 	$______
	D.

	 	Quick Assets (the sum of lines A through C)
	 	$______
	E.

	 	Aggregate value of all Equipment Advances, Second Equipment Advances and
Outstanding Equipment Advances and any other Obligations to Bank that mature
within one (1) year
	 	$______
	F.

	 	Aggregate value of other liabilities of Borrower (including all Indebtedness)
that matures within one (1) year and current portion of Subordinated Debt
permitted by Bank to be paid by Borrower
	 	$______
	G.

	 	Current Liabilities (the sum of lines E and F)
	 	$______
	H.

	 	Aggregate value of all amounts received or invoiced by Borrower in advance
of performance under contracts and not yet recognized as revenue that are
classified as current liabilities according to GAAP
	 	$______
	I.

	 	Line G minus Line H
	 	$______
	J.

	 	Adjusted Quick Ratio (line D divided by line I)	 	  ______

Is line J equal to or greater than 1.00:1.00?

	 	 	 
	                                         No, not in compliance

	 	                                         Yes, in compliance

2

 

EXHIBIT D

FORM OF NOTICE OF BORROWING

OMNITURE, INC.

Date: ______________

			
	To:	 	Silicon Valley Bank

3003 Tasman Drive

Santa Clara, CA 95054

Attention: Corporate Services Department

			
	Re:	 	Third Amended and Restated Loan and Security Agreement dated as of August ___, 2007 (as amended, modified,
supplemented or restated from time to time, the “Loan Agreement”), by and between Omniture, Inc.
(“Borrower”), and Silicon Valley Bank (the “Bank”)

Ladies and Gentlemen:

     The undersigned refers to the Loan Agreement, the terms defined therein and used herein as so
defined, and hereby gives you notice irrevocably, pursuant to Section 3.4(a) of the Loan Agreement,
of the borrowing of an Advance or pursuant to Section 3.5(a) of the Loan Agreement, of the
borrowing of a Second Equipment Advance.

     1. The Funding Date, which shall be a Business Day, of the requested borrowing is                     .

     2. The aggregate amount of the requested borrowing is $                    .

     3. (a) The requested Advance shall consist of $                    of Prime Rate Advances and $                    
 of LIBOR Advances.

         (b) The requested Second Equipment Advance shall consist of (i) a Prime Rate Second Equipment
Advance in the sum of $                     , (ii) a Fixed Rate Second Equipment Advance in the sum of
$                     , or (iii) a LIBOR Second Equipment Advance in the sum of $                     , and any
excess amount of the requested borrowing shall be a Prime Rate Second Equipment Advance. Only one
of the options may be selected for any requested Second Equipment Advance, and if no option is
selected, then the requested Second Equipment Advance shall be deemed to be a Prime Rate Second
Equipment Advance.

     4. (a) The duration of the Interest Period for the LIBOR Advances included in the requested
Advance shall be                      months. (1,2,3 or 6 months)

         (b) The duration of the Interest Period for the LIBOR Second Equipment Advances included in
the requested Second Equipment Advance shall be ______ months. (3 or 6 months)

     The undersigned hereby certifies that the following statements are true on the date hereof,
and will be true on the date of the proposed Advance before and after giving effect thereto, and to
the application of the proceeds therefrom, as applicable:

     (a) all representations and warranties of Borrower contained in the Loan Agreement are
true, accurate and complete in all material respects as of the date hereof; provided,
however, that those representations and warranties expressly referring to a specific date
shall be true, accurate and complete in all material respects as of such date;

     (b) no Default or Event of Default has occurred and is continuing, or would result from
such proposed Advance or Second Equipment Advance; and

     (c) any requested Advance will not cause the aggregate principal amount of the
outstanding Advances to exceed, as of the designated Funding Date, (i) the lesser of (A) the
Revolving Line or (B) the Borrowing Base plus $3,000,000 minus (ii) the amount of all
outstanding Letters of Credit (including

1

 

drawn but unreimbursed Letters of Credit), minus (iii) the FX Reserve, and minus (iv)
the aggregate outstanding Advances (including any amounts used for Cash Management
Services).

	 	 	 	 	 
	Borrower	OMNITURE, INC.

 	 
	 	By:  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 

For internal Bank use only

	 	 	 	 	 	 	 
	LIBOR Pricing Date	 	LIBOR	 	LIBOR Variance	 	Maturity Date
	 

	 	 	 	___%	 	 

2

 

 EXHIBIT E

FORM OF NOTICE OF CONVERSION/CONTINUATION

OMNITURE, INC.

Date:                     

			
	To:	 	Silicon Valley Bank

3003 Tasman Drive

Santa Clara, CA 95054

Attention:

			
	Re:	 	Third Amended and Restated Loan and Security Agreement dated as of August ___, 2007 (as amended, modified,
supplemented or restated from time to time, the “Loan Agreement”), by and between Omniture, Inc.
(“Borrower”), and Silicon Valley Bank (the “Bank”)

Ladies and Gentlemen:

     The undersigned refers to the Loan Agreement, the terms defined therein being used herein as
therein defined, and hereby gives you notice irrevocably, pursuant to Section 3.6 of the Loan
Agreement, of the [conversion] [continuation] of the Advances or Second Equipment Advances
specified herein, that:

     1. The date of the [conversion] [continuation] is                    , 20___.

     2. (a) The aggregate amount of the proposed Advances to be converted is
$                     or continued is $                    .

         (b) The aggregate amount of the proposed Second Equipment Advance to be converted is
$                     or continued is $                    .

     3. (Check one below)

          ___ (a) The Advances are to be [converted into] [continued as] [LIBOR] [Prime Rate]
Advances.

          ___ (b) The LIBOR Second Equipment Advance is to be [converted into] [continued as] a
[LIBOR] [Prime Rate] Second Equipment Advance.

          ___ (c) The Prime Rate Second Equipment Advance (which originated as a LIBOR Second
Equipment Advance) is to be converted into a LIBOR Second Equipment Advance.

     4. (a) The duration of the Interest Period for the LIBOR Advances included in the
[conversion] [continuation] shall be                      months. (1,2,3 or 6 months)

         (b) The duration of the Interest Period for the LIBOR Second Equipment Advances included in
the [conversion] [continuation] shall be                      months. (3 or 6 months)

     The undersigned, on behalf of Borrower, hereby certifies that the following statements are
true on the date hereof, and will be true on the date of the proposed [conversion] [continuation],
before and after giving effect thereto and to the application of the proceeds therefrom:

     (a) all representations and warranties of Borrower stated in the Loan Agreement are
true, accurate and complete in all material respects as of the date hereof; and

 

 

     (b) no Default or Event of Default has occurred and is continuing, or would result from
such proposed [conversion] [continuation].

	 	 	 	 	 
	Borrower	OMNITURE, INC.

 	 
	 	By:  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 

For internal Bank use only

	 	 	 	 	 	 	 
	LIBOR Pricing Date	 	LIBOR	 	LIBOR Variance	 	Maturity Date
	 

	 	 	 	___%

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00128-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00128-of-00352.parquet"}]]