Common use of Collateral Clause in Contracts

Collateral. 8.1. This Section shall be applicable if the Collateral is expressly indicated among other information about the Claim in the Portal. 8.2. The Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and existing at the moment of the assignment arising from the Collateral. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour of the Assignee and remains registered in favour of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regard.

Collateral. 8.1. This Section shall be applicable if Borrower has good title to, has rights in, and the power to transfer each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no deposit accounts other information about than the Claim deposit accounts with Bank, the deposit accounts, if any described in the Portal. 8.2Perfection 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 Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and Accounts are bona fide, existing at the moment obligations of the assignment arising from the CollateralAccount Debtors. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate. None of the Assignee and remains registered in favour of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement components of the Collateral (if any) and/or shall be maintained at locations other debt collection proceedings against than as provided in the Perfection Certificate or as permitted pursuant to Section 7.2. In the event that Borrower, after the date hereof, intends to store or otherwise deliver any portion of the Collateral with an aggregate value in excess of $50,000 to a bailee, and such bailee and Bank are not already parties to a bailee agreement covering both the Collateral and the location where the Collateral will be stored, 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. The Assignee provisions of this paragraph shall not make apply to Demonstration Systems delivered to Borrower’s customers or prospective customers in the ordinary course of business. All Inventory is in all material respects of good and marketable quality, free from material defects. Borrower is the sole owner of the Intellectual Property which it owns or purports to own except for (a) non-exclusive licenses granted to its customers in the ordinary course of business, (b) over-the-counter software that is commercially available to the public, and (c) material Intellectual Property licensed to Borrower and noted on the Perfection Certificate. Each Patent which it owns or purports to own and which is material to Borrower’s business, taken as a whole, is valid and enforceable, and no part of the Intellectual Property which Borrower owns or purports to own and which is material to Borrower’s business, taken as a whole, has been judged invalid or unenforceable, in whole or in part. To the best of Borrower’s knowledge, no claim has been made that any complaints against Mintospart of the Intellectual Property violates the rights of any third party except to the extent such claim would not have a material adverse effect on Borrower’s business, taken as a whole. Except as noted on the Loan Originator and the Perfection Certificate, Borrower in this regardis not a party to, nor is it bound by, any Restricted License.

Collateral. 8.1(a) Borrower has good title to the Collateral, free of Liens except Permitted Liens. This Section shall be applicable if Borrower has no deposit account other than the Collateral is expressly indicated among other information about the Claim deposit accounts with Bank and deposit accounts described in the PortalPerfection Certificate delivered to Bank in connection herewith or as disclosed to Bank pursuant to Section 6.8(b), other than deposit accounts not required to be disclosed pursuant to Section 6.8(b). The Accounts are bona fide, existing obligations of the Account Debtors. 8.2. (b) The Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and existing at the moment of the assignment arising from the Collateral. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse), except for Permitted Locations. None of the Assignee and remains registered in favour components of the Loan Originator. 8.3Collateral with an aggregate value in excess of $500,000 shall be maintained at locations other than Permitted Locations or as permitted pursuant to Section 7.2. The Loan Originator handles all matters related In the event that Borrower, after the date hereof, intends to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term store or otherwise deliver any portion of the Agreement without Collateral with an aggregate value in excess of $500,000 to any one or more bailees, then Borrower shall, promptly upon Bank’s request therefor, use commercially reasonable efforts to deliver to Bank a prior coordination bailee agreement (in form and substance satisfactory to Bank in its good faith business judgment) duly executed by such bailee. In the event that Bank requests such a bailee agreement and Borrower uses such efforts but does not succeed in delivering such a bailee agreement, Bank may (in its good faith business judgment) maintain a Reserve with the Assignee may make any amendments or sign any additional agreements respect to the Collateral documentationlocated with such bailee. (c) With respect to any leased premises of Borrower at which Collateral with an aggregate value of more than $500,000 is located, Borrower shall, promptly upon Bank’s request therefor, use commercially reasonable efforts to deliver to Bank a landlord agreement (in form and substance satisfactory to Bank in its good faith business judgment) duly executed by the lessor of such leased premises. The Assignee Without limiting the generality of the foregoing, Borrower shall recognize use such amendments efforts to Collateral documents obtain from the applicable landlord, no later than 60 days following the Effective Date, landlord agreements (in form and substance satisfactory to Bank) duly executed by such landlords in favor of Bank in respect of the following leased locations of Borrower: (1) ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇; (2) ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇. (▇ ▇▇▇▇▇▇▇▇), ▇▇▇▇▇, ▇▇ ▇▇▇▇▇; and (3) ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇., ▇▇▇▇▇ ▇▇▇ (▇ ▇▇▇▇▇▇▇▇), ▇▇▇▇▇, ▇▇ ▇▇▇▇▇. In the event that Bank requests such a landlord agreement and Borrower uses such efforts but does not succeed in delivering such a landlord agreement, Bank may (in its good faith business judgment) maintain a Reserve with respect to such leased premises. (d) All Inventory is in all material respects of good and marketable quality, free from material defects, except for Inventory for which adequate reserves are maintained in accordance with GAAP. (e) Borrower is the sole owner of its intellectual property, except for (i) non-exclusive licenses granted by Borrower as licensor to third-parties, and (ii) such intellectual property as is licensed by Borrower as a licensee. Each patent owned by Borrower that is material to Borrower’s business is valid and enforceable, and, to Borrower’s knowledge, no part of the intellectual property that is material to Borrower’s business has been judged invalid or additional agreements as binding unenforceable, in whole or in part, and not make to Borrower’s knowledge, no claim has been made that any complaints part of the intellectual property that is material to Borrower’s business violates, in this regard. The Loan Originator undertakes by making amendments or signing additional agreements any material respect, the rights of any third party, except to the Collateral documents extent such claim could not reasonably be expected to act result in a Material Adverse Change. (f) Except as noted on the interests Perfection Certificate (or as disclosed to Bank in written updates of the Assignee Perfection Certificate with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related respect to the registration of following), Borrower is not a party to, nor is bound by, any material license or other agreement with respect to which Borrower is the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related licensee (other than over-the-counter or shrink-wrap software licenses generally available to the registration public) relating to any material product lines of pledge Borrower or their derivatives Guarantor (i) that prohibits or otherwise restricts Borrower from granting a security interest in Borrower’s interest in such license or agreement or any other property (to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the extent such prohibition is enforceable), or (ii) for which a default under or termination of could interfere in any material respect with Bank’s right to sell the Collateral any Collateral. 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 part thereof pursuant material impact on Borrower’s business or financial condition (other than over-the-counter software that is commercially available to the Collateral documentation. 8.7public). The Assignee has an obligation immediatelyUpon Bank’s request, but not later than within 5 Borrower shall use commercially reasonable efforts to promptly obtain the consent of, or waiver by, any person whose consent or waiver is necessary for (fivex) Business Days from the receipt of Mintos all such licenses or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator agreements to be able deemed “Collateral” and for Bank to execute have a security interest in the same that is otherwise restricted or prohibited by law or by the terms of any such license or agreement, whether now existing or entered into in the future, and (y) Bank to have the ability in the event of a liquidation of any Collateral to dispose of such Collateral in accordance with Bank’s rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos remedies under this Agreement and the other Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement Documents. If Borrower is unsuccessful in obtaining any such consent or waiver requested by Bank, then Borrower shall notify Bank in writing of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regardsame.

Collateral. 8.1Borrower has good title to, has rights in, and the power to transfer each item of the Collateral upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. This Section Borrower has no deposit accounts other than the deposit accounts with Agent, the deposit accounts, if any, described in the Perfection Certificate delivered to Agent and Lenders in connection herewith, or of which Borrower has given Agent notice and taken such actions as are necessary to give Lenders a perfected security interest therein. The Collateral is not in the possession of any third party bailee (such as a warehouse), except for Inventory in the United States, held by Extron, ▇▇▇▇▇ ▇▇▇▇ ▇▇., ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ (the “U.S. Fulfillment Center”), and Inventory outside the United States held by a foreign fulfillment center, which Borrower shall identify by written notice to Agent within 30 days after the date it is selected by Borrower (the “Non-U.S. Fulfillment Center”). Within 60 days after the date hereof, Borrower shall cause the U.S. Fulfillment Center and the Non-U.S. Fulfillment Center to execute and deliver a Bailee Agreement in the form previously provided by ▇▇▇▇ to Borrower. Except as hereafter disclosed to Agent in writing by Borrower, and other than Collateral which by its very nature is intended to be used at places other than the Borrowers place of business (such as manufacturing test equipment, laptop computers, marketing materials, cell phones, and the like), none of the components of the Collateral shall be applicable if maintained at locations other than as provided in the Perfection Certificate. 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 Agent and such bailee must acknowledge in writing that the bailee is expressly indicated among other information about holding such Collateral for the Claim benefit of Lenders, provided that such consent and acknowledgement shall not be required with respect to (i) Collateral having an aggregate value, for all locations in the Portal. 8.2United States, not exceeding the Threshold Amount, or (ii) Collateral having an aggregate value, for all locations outside the United States, not exceeding $500,000. The Loan Originator along with All Inventory is in all material respects of good and marketable quality, free from material defects. Borrower is the Claim shall not transfer sole owner of its Intellectual Property, except for non-exclusive licenses granted to its customers in the ordinary course of business, and except for licenses granted to the Assignee all rights related thereto Borrower by third parties. Each Patent is valid and existing at the moment enforceable and no part of the assignment arising 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 is not reasonably expected to cause a Material Adverse Change. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any license or other agreement with respect to which Borrower is licensee that prohibits or otherwise restricts Borrower from granting a security interest in Borrower’s interest in such license or agreement or any other property. Borrower shall provide written notice to Agent 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 Agent 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. The Assignee understands ” and for Agent and Lenders 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 Claim security interest incorporated license to Agent if Agent determines that is necessary in its good faith judgment), whether now existing or entered into in the Collateral is not re-registered in favour of the Assignee and remains registered in favour of the Loan Originatorfuture. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regard.

Collateral. 8.1Each Borrower has good title to the Collateral, free of Liens except Permitted Liens. This Section As of the Effective Date, each Borrower has no deposit account other than (a) the deposit accounts with Union Bank of California specified in the Union Bank Control Agreement, (b) the deposit accounts described in the Perfection Certificate delivered to Bank in connection herewith and (c) other deposit accounts located in the United States so long as the aggregate cash balances contained therein do not exceed $25,000 per account or $100,000 in the aggregate with respect to all such accounts. The Collateral is not in the possession of any third party bailee (such as a warehouse). Except as hereafter disclosed to Bank in writing by Borrowers, none of the components of the Collateral shall be applicable if maintained at locations other than as provided in the Perfection Certificate. In the event that any Borrower, after the date hereof, intends to store or otherwise deliver any material portion of the Collateral to a bailee, then such Borrower will first receive the written consent of Bank and such bailee must acknowledge in writing that the bailee is expressly indicated among other information about holding such Collateral for the Claim benefit of Bank. All Inventory is in all material respects of good and marketable quality, free from material defects. Each Borrower is the sole owner of its Intellectual Property, except for non-exclusive licenses granted to its customers in the Portal. 8.2ordinary course of business. The Loan Originator along with Each Patent is valid and enforceable and no part of the Claim shall not transfer Intellectual Property has been judged invalid or unenforceable, in whole or in part, and to the Assignee all rights related thereto and existing at the moment best of each Borrower’s knowledge, no claim has been made that any part of the assignment arising Intellectual Property violates the rights of any third party. Except as noted on the Perfection Certificate, no Borrower is a party to, nor is bound by, any material license or other agreement with respect to which such Borrower is the licensee that prohibits or otherwise restricts such Borrower from granting a security interest in such Borrower’s interest in such license or agreement or any other property. Each Borrower shall provide written notice to Bank within ten (10) days of entering or becoming bound by any such license or agreement which is reasonably likely to have a material impact on such Borrower’s business or financial condition (other than over-the-counter software that is commercially available to the public). Each Borrower shall take such steps as Bank 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. The Assignee understands ” 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 Claim security interest incorporated license to Bank if Bank determines that is necessary in its good faith judgment), whether now existing or entered into in the Collateral is not re-registered in favour of the Assignee and remains registered in favour of the Loan Originatorfuture. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regard.

Collateral. 8.1. This Section shall be applicable if (a) Borrower has good title to, has rights in, and the power to transfer each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ under the Loan Documents, free and clear of any and all Liens except Permitted Liens, and Borrower does not have any Deposit Accounts, Securities Accounts, Commodity Accounts or other information about investment accounts other than the Claim Collateral Accounts or the other investment accounts, if any, described in the PortalPerfection Certificate delivered to Collateral Agent in connection herewith with respect of which Borrower has given Collateral Agent notice and taken such actions as are necessary to give Collateral Agent a perfected security interest therein. The Accounts are bona fide, existing obligations of the Account Debtors. 8.2. The Loan Originator along with (b) On the Claim shall not transfer to the Assignee all rights related thereto and existing at the moment of the assignment arising from the Collateral. The Assignee understands that by assignment of the Claim security interest incorporated in Effective Date, the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) except as disclosed in the Perfection Certificate or as permitted pursuant to Section 7.2, and, as of the Assignee and remains registered in favour Effective Date, no such third party bailee possesses components of the Loan OriginatorCollateral in excess of Fifty Thousand Dollars ($50,000). None of the components of the Collateral shall be maintained at locations other than as disclosed in the Perfection Certificate on the Effective Date or as permitted pursuant to Section 7.2. In the event that Borrower, after the Effective Date, intends to store or otherwise deliver any portion of the Collateral to a bailee in excess of Fifty Thousand Dollars ($50,000), then Borrower will first receive the written consent of Collateral Agent and such bailee must execute and deliver a bailee agreement in form and substance reasonably satisfactory to Collateral Agent. 8.3. The Loan Originator handles (c) All Inventory is in all matters related material respects of good and marketable quality, free from material defects. (d) Borrower is the sole owner of the Intellectual Property it purports to Collateralown, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents except for (i) non-exclusive licenses granted to its customers in the respective pledge registers. 8.4. The Assignee understands ordinary course of business and agrees that licenses for the Loan Originator during the validity term use of the Agreement without Intellectual Property of Borrower or its Subsidiaries that are approved by Borrower’s Board of Directors and which could not result in a prior coordination with legal transfer of title of the Assignee licensed property but that may make any amendments or sign any additional agreements be exclusive in respects other than territory and that may be exclusive as to territory only as to discrete geographical areas outside of the United States, (ii) over-the-counter software that is commercially available to the Collateral documentationpublic, and (iii) material Intellectual Property licensed to Borrower and noted on the Perfection Certificate. The Assignee shall recognize such amendments to Collateral documents To the best of Borrower’s knowledge (i) each of Borrower’s patents is valid and enforceable and no part of Borrower’s Intellectual Property has been judged invalid or additional agreements as binding unenforceable, in whole or in part, and not make (ii) no claim has been made that any complaints in this regard. The Loan Originator undertakes part of the Intellectual Property or any practice by making amendments or signing additional agreements Borrower 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. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any material license or other agreement with respect to which Borrower is the licensee that (i) prohibits or otherwise restricts Borrower from granting a security interest in Borrower’s interest in such license or agreement or any other property, or (ii) for which a default under or termination of which could interfere with Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the Agent’s right to sell the any Collateral. Borrower shall provide written notice to Collateral Agent within ten (10) days of entering into or a part thereof pursuant becoming bound by any license or agreement (other than over-the-counter software that is commercially available to the public). Borrower shall take such commercially reasonable steps as Collateral documentation. 8.7. The Assignee has an obligation immediatelyAgent requests to obtain the consent of, but not later than within 5 or waiver by, any Person whose consent or waiver is necessary for (fivei) Business Days from the receipt of Mintos all licenses or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator agreements to be able deemed “Collateral” and for Collateral Agent to execute 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, whether now existing or entered into in the future, and (ii) Collateral Agent to have the ability in the event of a liquidation of any Collateral to dispose of such Collateral in accordance with Collateral Agent’s rights and obligations specified remedies under this Agreement and the other Loan Documents. Without limiting the foregoing, Borrower shall, within one hundred eighty (180) days of the Effective Date, take such commercially reasonable steps to obtain the consent of, or waiver by, the licensors under the licenses identified on Annex I (attached to Exhibit A hereto) for such licenses to be deemed “Collateral” and for Collateral Agent to have a security interest therein. For greater certainty, failure of Borrower to obtain the consent or waiver described in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee immediately preceding sentences, after taking such commercially reasonable steps, shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regardconstitute an Event of Default.

Collateral. 8.16.1.1 Borrower will, on demand of CNB, make available to CNB, shipping and delivery receipts evidencing the shipment of the goods which gave rise to an Account; completion certificates or other proof of the satisfactory performance of services which gave rise to an Account; a copy of the invoice for each Account; and Borrower’s copy of any written contract or order from which an Account arose. This Section shall Unless previously requested by Borrower in writing to return such documents, CNB will be applicable if authorized to destroy any such documentation six (6) months after its receipt by CNB; 6.1.2 Borrower will advise CNB within ten (10) days whenever an Account Debtor refuses to retain, or returns, any goods from the sale of which an Account arose, when the sale exceeds $50,000.00; 6.1.3 Upon the occurrence and during the continuance of an Event of Default, Borrower will give CNB, upon request, specific assignments of Accounts after they come into existence, and schedules of Accounts, the form and content of such assignments and schedules to be satisfactory to CNB; but, despite this provision for express assignments to CNB, CNB will have a continuing security interest in all Accounts irrespective of whether some Accounts are omitted from such assignments or whether any assignments are ever given; and Borrower will execute and deliver to CNB any instrument, document, financing statement, assignment or other writing which CNB may deem necessary or desirable to carry out on the terms of this Agreement, to perfect CNB’s security interest in the Accounts, and any other Collateral is expressly indicated for the Obligations, or to enable CNB to enforce its security interest in any of the foregoing; 6.1.4 Borrower will maintain, in accord with sound accounting practices, accurate records and books of account showing, among other things, all Inventory and Accounts, the proceeds of the sale or other disposition thereof and the collections therefrom. Borrower will not change the accounting method used to determine Borrower’s Inventory cost without CNB’s prior written approval. Borrower will permit representative(s) of CNB, at any reasonable time, to inspect, audit, examine and make extracts or copies from all books, records and other data relating to the Collateral, to inspect any of Borrower’s properties and to confirm balances due on Accounts by direct inquiry to Account Debtors, and will give CNB, promptly upon request, all information about regarding the Claim business or finances of Borrower reasonably requested by CNB; 6.1.5 Borrower will, if requested by CNB, ▇▇▇▇ its records concerning its Inventory and Accounts in a manner satisfactory to CNB to show CNB’s security interest therein; 6.1.6 Borrower will, if requested by CNB, provide CNB with a current physical count of its Inventory in the Portal.manner specified by CNB; 8.2. The Loan Originator along 6.1.7 Borrower will, if requested by CNB, endorse to the order of and deliver to CNB any negotiable instrument accepted by Borrower in lieu of payment in accord with the Claim shall not transfer to original terms of sale; 6.1.8 Borrower will pay CNB, upon demand, the Assignee all rights related thereto and existing at the moment of the assignment arising from the Collateral. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour of the Assignee and remains registered in favour of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateralcost, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediatelyincluding, but not later than within 5 limited to reasonable attorneys’ fees and expenses (fivewhich counsel may be CNB employees) Business Days from expended or incurred by CNB (or allocable to CNB’s in-house counsel) during the receipt continuance of Mintos an Event of Default in the collection or the Loan Originator’s request to provide Mintos enforcement of any Accounts or the Loan Originator other Collateral if CNB itself undertakes such collection or enforcement, together with all necessary authoritytaxes, consents charges and permits for Mintos expenses of every kind or description paid or incurred by CNB under or with respect to loans hereunder or any Collateral therefor and Borrower authorizes CNB to charge the same to any deposit account of Borrower or Borrower’s Loan Originator Account maintained with CNB; 6.1.9 Borrower will promptly notify CNB of any occurrence or discovery of any event which would cause or has caused a previously Eligible Account to be able to execute become ineligible; 6.1.10 Borrower will maintain the rights tangible Collateral in good condition (ordinary wear and obligations specified in the Agreement. 8.8. The Assignee understands tear excepted) and is informed that Mintos promptly notify CNB of any event causing material loss or reduction of value of Collateral and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement amount of such loss or reduction; and 6.1.11 Borrower will, upon request by CNB, but in no event less than once every six (6) months, supply CNB with a current list of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator names and the Borrower in this regardaddresses of all Account Debtors.

Collateral. 8.1. This Section shall be applicable if Borrower has good title to, has rights in, and the power to transfer each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no deposit accounts other information about than the Claim deposit accounts with Bank, the deposit accounts, if any described in the Portal. 8.2Perfection 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 Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and Accounts are bona fide, existing at the moment obligations of the assignment arising from the CollateralAccount Debtors. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate. None of the Assignee and remains registered in favour of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement components of the Collateral shall be maintained at locations other than as provided in the Perfection Certificate or as permitted pursuant to Section 7.2. 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. All Inventory is in all material respects of good and marketable quality, free from material defects, except normal and customary quality issues occurring in the ordinary course of business, in amounts consistent with past practices. Borrower is the sole owner of the Intellectual Property which it owns or purports to own except for (if anya) and/or other debt collection proceedings against non-exclusive licenses granted to its customers in the ordinary course of business, (b) over-the-counter software that is commercially available to the public, and (c) material Intellectual Property licensed to Borrower and noted on the Perfection Certificate. Each Patent which it owns or purports to own and which is material to Borrower’s business is valid and enforceable, and no part of the Intellectual Property which Borrower owns or purports to own and which is material to Borrower’s business has been judged invalid or unenforceable, in whole or in part, except to the extent in each of the above such invalidity or unenforceability would not have a material adverse effect on Borrower’s business, taken as a whole. The Assignee shall 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 would not make any complaints against Mintoshave a material adverse effect on Borrower’s business, the Loan Originator and the Borrower in this regardtaken as a whole.

Collateral. 8.1. This Section shall be applicable if Borrower has good title to, has rights in, and the power to transfer each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no deposit accounts other information about than the Claim deposit accounts with Bank, the deposit accounts, if any, described in the Portal. 8.2Perfection 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 Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and Accounts are bona fide, existing at the moment obligations of the assignment arising from the CollateralAccount Debtors. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate. None of the Assignee and remains registered in favour of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement components of the Collateral shall be maintained at locations other than as provided in the Perfection Certificate or as permitted pursuant to Section 7.2. Borrower shall at all times during the term of this Agreement maintain at least two-thirds of its Inventory (if anybased upon the fair market value of all Inventory) and/or at Borrower’s ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇ location and at other debt collection proceedings against locations of the BorrowerBorrower for which Bank has received a landlord’s waiver in form and substance reasonably satisfactory to Bank. The Assignee shall not make any complaints against MintosAll Inventory is in all material respects of good and marketable quality, free from material defects. Axcelis Technologies, Inc. and Axcelis Technologies CCS Corporation, either individually or jointly, are the sole owners of the intellectual property which Borrower owns or purports to own, including, without limitation, the Loan Originator intellectual property set forth on the Perfection Certificate, except for non-exclusive licenses granted to its customers in the ordinary course of business. Each patent which Borrower owns or purports to own 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 as noted on the Perfection Certificate, Borrower in this regardis not a party to, nor is it bound by, any Restricted License.

Collateral. 8.1Borrower has good title to the Collateral, free of Liens except Permitted Liens. This Section Borrower has no deposit account other than the deposit accounts with Bank and deposit accounts described in the Perfection Certificate delivered to Bank in connection herewith or of which Borrower has given Bank notice (any such notice shall be applicable if deemed to automatically update the Collateral is expressly indicated among other information about the Claim disclosure regarding deposit accounts in the Portal. 8.2Perfection Certificate) and taken such actions as are necessary to give Bank a perfected security interest therein, pursuant to documentation reasonably acceptable to Bank. The Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and Accounts are bona fide, existing at the moment obligations of the assignment arising from the CollateralAccount Debtors. The Assignee understands that by assignment Except for any Inventory with third party contract manufacturers or customers outside of the Claim security interest incorporated in United States, the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate or as permitted pursuant to Section 7.2 (such notice shall be deemed to automatically update such disclosure in the Perfection Certificate). None of the Assignee and remains registered in favour components of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents Collateral shall be maintained at locations other than (i) as provided in the respective pledge registers. 8.4. The Assignee understands Perfection Certificate, (ii) as permitted pursuant to Section 7.2 (any such notice shall be deemed to automatically update such disclosure in the Perfection Certificate) or (iii) and agrees that the Loan Originator during the validity term with respect to Inventory, with third party contract manufacturers or customers outside of the Agreement without a prior coordination with United States or in transit. In the Assignee may make event that Borrower, after the date hereof, intends to store or otherwise deliver any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement portion of the Collateral (if anyother than Inventory with third party contract manufacturers or customers outside of the United States) and/or other debt collection proceedings against to a bailee, then Borrower will first receive the Borrowerwritten consent of Bank and such bailee must execute and deliver a bailee agreement in form and substance satisfactory to Bank in its sole discretion. The Assignee shall not make any complaints against MintosAll Inventory is in all material respects of good and marketable quality, the Loan Originator and the Borrower in this regardfree from material defects.

Collateral. 8.1Borrower has good title to, has rights in, and the power to transfer each item of the Collateral upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. This Section 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 as otherwise provided in the Perfection Certificate. None of the components of the Collateral shall be applicable if maintained at locations other than as provided in the Perfection Certificate or as Borrower has given Bank notice pursuant to Section 7.2. 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. All Inventory is expressly indicated among in all material respects of good and marketable quality, free from material defects. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any material license or other information about agreement with respect to which Borrower is the Claim licensee that prohibits or otherwise restricts Borrower from granting a security interest in the Portal. 8.2Borrower’s interest in such license or agreement or any other property. The Loan Originator along with the Claim Borrower shall not transfer provide written notice to Bank within ten ( 10) 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 Assignee 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 related thereto to be deemed “Collateral” and existing at for Bank to have a security interest in it that might otherwise be restricted or prohibited by law or by the moment terms of the assignment arising from the Collateral. The Assignee understands that by any such license or agreement (such consent or authorization may include a licensor’s agreement to a contingent assignment of the Claim security interest incorporated license to Bank if Bank determines that is necessary in its good faith judgment), whether now existing or entered into in the Collateral is not re-registered in favour of the Assignee and remains registered in favour of the Loan Originatorfuture. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regard.

Collateral. 8.1Borrower has good title to, has rights in, and the power to transfer each item of Collateral upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. This Section shall be applicable if Borrower has no deposit accounts other than the Collateral is expressly indicated among other information about the Claim deposit accounts with Bank and deposit accounts described in the Portal. 8.2Perfection Certificate delivered to Bank in connection herewith. The Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and existing at the moment of the assignment arising from the Collateral. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate. None of the Assignee and remains registered in favour components of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents Collateral shall be maintained at locations other than as provided in the respective pledge registers. 8.4Perfection Certificate. The Assignee understands and agrees In the event that Borrower, after the Loan Originator during the validity term date hereof, intends to store or otherwise deliver any portion of the Agreement without Collateral to a prior coordination 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 of its intellectual property, except for non-exclusive licenses granted to its customers in the ordinary course of business. 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 as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any material license or other agreement with respect to which Borrower is the licensee (a) that prohibits or otherwise restricts Borrower from granting a security interest in Borrower’s interest in such license or agreement or any other property, or (b) for which a default under or termination of could interfere with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the Bank’s right to sell the Collateral any Collateral. Borrower shall provide written notice to Bank within ten (10) days of entering or a part thereof pursuant becoming bound by any such license or agreement (other than over-the-counter software that is commercially available to the Collateral documentation. 8.7public). The Assignee has an obligation immediatelyBorrower shall take such steps as Bank requests to obtain the consent of, but not later than within 5 or waiver by, any person whose consent or waiver is necessary for (fivex) Business Days from the receipt of Mintos all such licenses or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator agreements to be able deemed “Collateral” and for Bank to execute 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, whether now existing or entered into in the future, and (y) Bank to have the ability in the event of a liquidation of any Collateral to dispose of such Collateral in accordance with Bank’s rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos remedies under this Agreement and the other Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regardDocuments.”

Collateral. 8.1Borrower has good title to, has rights in, and the power to transfer each item of the Collateral upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. This Section 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. 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 as otherwise provided in the Perfection Certificate. None of the components of the Collateral shall be applicable if maintained at locations other than as provided in the Perfection Certificate or as Borrower has given Bank notice pursuant to Section 7.2. 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. All Inventory is expressly indicated among other information about in all material respects of good and marketable quality, free from material defects. Borrower is the Claim sole owner of its intellectual property, except for non-exclusive licenses granted to its customers in the Portal. 8.2ordinary course of business. The Loan Originator along with Each patent is valid and enforceable, and no part of the Claim shall not transfer intellectual property has been judged invalid or unenforceable, in whole or in part, and to the Assignee all rights related thereto and existing at the moment best of Borrower’s knowledge, no claim has been made that any part of the assignment arising 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. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any material license or other agreement 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 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 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. The Assignee understands ” 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 Claim security interest incorporated license to Bank if Bank determines that is necessary in its good faith judgment), whether now existing or entered into in the Collateral is not re-registered in favour of the Assignee and remains registered in favour of the Loan Originatorfuture. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regard.

Collateral. 8.1. This Section shall be applicable if Borrower has good title to, has rights in, and the power to transfer each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no deposit accounts other information about than the Claim deposit accounts with Bank, the deposit accounts, if any, described in the Portal. 8.2Perfection 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 Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and Accounts are bona fide, existing at the moment obligations of the assignment arising from the CollateralAccount Debtors. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate. Other than laptop computers and other mobile Equipment in the possession of employees, consultants or agents of Borrower, none of the Assignee and remains registered in favour components of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents Collateral shall be maintained at locations other than as provided in the respective pledge registers. 8.4Perfection Certificate or as permitted pursuant to Section 7.2. The Assignee understands and agrees In the event that Borrower, after the Loan Originator during the validity term date hereof, intends to store or otherwise deliver any portion of the Agreement without Collateral in excess of One Hundred Thousand Dollars ($100,000.00) to a prior coordination 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. All Inventory is in all material respects of good and marketable quality, free from material defects. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any material license or other agreement with respect to which Borrower is the licensee (a) that prohibits or otherwise restricts Borrower from granting a security interest in Borrower’s interest in such license or agreement (other than over-the-counter software that is commercially available to the public) or any other property, or (b) for which a default under or termination of which could interfere with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the Bank’s right to sell the Collateral any Collateral. Borrower shall provide written notice to Bank within ten (10) days of entering or a part thereof pursuant becoming bound by any such license or agreement (other than over-the-counter software that is commercially available to the Collateral documentation. 8.7public). The Assignee has an obligation immediatelyBorrower shall take such steps as Bank requests to obtain the consent of, but not later than within 5 or waiver by, any person whose consent or waiver is necessary for (fivex) Business Days from the receipt of Mintos all such licenses or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator agreements to be able deemed “Collateral” and for Bank to execute 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, whether now existing or entered into in the future, and (y) Bank to have the ability in the event of a liquidation of any Collateral to dispose of such Collateral in accordance with Bank’s rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos remedies under this Agreement and the other Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regardDocuments.

Collateral. 8.1. This Section shall be applicable if Borrower has good title to, has rights in, and the power to transfer each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no deposit accounts other information about than the Claim deposit accounts with Bank, the deposit accounts, if any, described in the Portal. 8.2Perfection 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, to the extent required by Section 6.6(b). The Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and Accounts are bona fide, existing at the moment obligations of the assignment arising from the CollateralAccount Debtors. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate. Other than mobile equipment in the possession of Borrower’s employees or agents, none of the Assignee and remains registered in favour components of the Loan Originator. 8.3Collateral shall be maintained at locations other than as provided in the Perfection Certificate or as permitted pursuant to Section 7.2. In the event that Borrower, after the date hereof, intends to store or otherwise deliver any portion of the Collateral with an aggregate value in excess of Five Hundred Thousand Dollars ($500,000.00) to a bailee, then Borrower will use its commercially reasonable efforts to cause such bailee to execute and deliver a bailee agreement in form and substance satisfactory to Bank in its reasonable discretion. The Loan Originator handles all matters related forgoing is not intended to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents limit Borrower’s obligations set forth in the respective pledge registers. 8.4Section 6.13 hereof. The Assignee understands and agrees that the Loan Originator during the validity term With respect to such locations or warehouse space leased or owned as of the Agreement without Effective Date and thereafter, if Bank has not received a prior coordination landlord’s agreement or bailee letter as of the Effective Date (or, if later, as of the date such location is acquired or leased), then the Eligible Fixed Assets at that location shall, in Bank’s Permitted Discretion, be excluded from the Borrowing Base or be subject to such Reserves as may be established by Bank in its Permitted Discretion. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any material license or other agreement with respect to which Borrower is the licensee (a) that prohibits or otherwise restricts Borrower from granting a security interest in Borrower’s interest in such license or agreement or any other property, or (b) for which a default under or termination of could interfere with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the Bank’s right to sell the Collateral any Collateral. Borrower shall provide written notice to Bank within thirty (30) days of entering or a part thereof pursuant becoming bound by any such license or agreement (other than over-the-counter software that is commercially available to the Collateral documentation. 8.7public). The Assignee has an obligation immediatelyBorrower shall take such steps as Bank reasonably requests to obtain the consent of, but not later than within 5 or waiver by, any person whose consent or waiver is necessary for (fivex) Business Days from the receipt of Mintos all such licenses or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator agreements to be able deemed “Collateral” and for Bank to execute 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, whether now existing or entered into in the future, and (y) Bank to have the ability in the event of a liquidation of any Collateral to dispose of such Collateral in accordance with Bank’s rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos remedies under this Agreement and the other Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regardDocuments.

Collateral. 8.1. This Section shall be applicable if Borrower has good title, has rights in, and the power to transfer each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no deposit accounts other information about than the Claim deposit accounts with Bank, the deposit accounts, if any, described in the Portal. 8.2Perfection 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 Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and Accounts are bona fide, existing at the moment obligations of the assignment arising from the CollateralAccount Debtors. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate. None of the Assignee and remains registered in favour components of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents Collateral shall be maintained at locations other than as provided in the respective pledge registers. 8.4Perfection Certificate or as permitted pursuant to Section 7.2. The Assignee understands and agrees In the event that Borrower, after the Loan Originator during the validity term date hereof, intends to store or otherwise deliver any portion of the Agreement without Collateral to a prior coordination 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 reasonable discretion. Borrower is the sole owner of its intellectual property, except for non-exclusive licenses granted to its customers in the ordinary course of business. 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. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any material license or other agreement with respect to which Borrower is the licensee (a) that prohibits or otherwise restricts Borrower from granting a security interest in Borrower’s interest in such license or agreement or any other property, or (b) for which a default under or termination of could interfere with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the Bank’s right to sell any Collateral. Without prior consent from Bank, Borrower shall not enter into, or become bound by, any such license or agreement which is reasonably likely to have a material impact on Borrower’s business or financial condition. Borrower shall take such reasonable steps as Bank requests to obtain the Collateral consent of, or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediatelywaiver by, but not later than within 5 (five) Business Days from the receipt of Mintos any person whose consent or the Loan Originator’s request to provide Mintos waiver is necessary for all such licenses or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator contract rights to be able deemed “Collateral” and for Bank to execute have a security interest in it that might otherwise be restricted or prohibited by law or by the rights and obligations specified terms of any such license or agreement, whether now existing or entered into in the Agreementfuture. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regard.

Collateral. 8.1Borrower and each Guarantor have good title to its Collateral, free of Liens except Permitted Liens. This Section shall be applicable 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, and the service or property has been performed or delivered to the account debtor or its agent for immediate shipment to and unconditional acceptance by the account debtor. The Collateral is maintained at the locations set forth in the Perfection Certificate. The Collateral is not in the possession of any third party bailee (such as at a warehouse) except as provided in the Perfection Certificate. In the event that Borrower or any Guarantor, after the date hereof, intends to store or otherwise deliver the Collateral to a bailee, then Borrower and such Guarantor shall receive the prior written consent of Bank (such consent not to be unreasonably withheld), and such bailee must acknowledge in writing that the bailee is expressly indicated among other information about holding such Collateral for the Claim benefit of Bank. All Inventory is in all material respects of good and marketable quality, free from material defects. Borrower and Guarantors are the sole owner of its respective Intellectual Property, except for licenses granted to its customers in the Portal. 8.2ordinary course of business. The Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto To Borrower’s knowledge, each Patent is valid and existing at the moment enforceable, and no material part of the assignment arising Intellectual Property has been judged invalid or unenforceable, in whole or in part, and no claim has been made that any part of the Intellectual Property violates the rights of any third party except for any such claim that would not be expected to result in a Material Adverse Change. Borrower is not a party to, nor is bound by, any license or other agreement 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 license or agreement or any other property. Borrower shall take such steps as Bank 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. The Assignee understands ” 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 Claim security interest incorporated license to Bank if Bank determines that is necessary in its good faith judgment), whether now existing or entered into in the Collateral is not re-registered in favour of the Assignee and remains registered in favour of the Loan Originatorfuture. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regard.

Collateral. 8.1Borrower hereby grants to Holder a security interest in all inventory, machinery, equipment, stocks, bonds, notes, accounts receivable, any rights or claims that they may have against any other person, firm, or corporation for monies, choses in action, any bank accounts, checking accounts, certificates of deposit or any financial instrument, patents and intellectual property rights or any other assets owned by Borrower as of the date of this agreement, or hereafter acquired. This Section Borrower hereby represents that none of the collateral encumbered hereunder has been sold or assigned since the original promissory note of Borrower to Holder of January 26, 1999 and that the lien of the holder of this note is uninterrupted from January 26, 1999 and shall continue until this note is paid or otherwise disposed of in accordance with its terms and conditions. All collateral rights in intellectual property is subordinated to the Borrower's current licenses and future licenses provided, that with respect to future licenses, the consent of the Holder must be applicable if the Collateral is expressly indicated among other information about the Claim in the Portal. 8.2obtained, but such consent will not be unreasonably withheld. The Loan Originator along with patents and intellectual property which are licensed under the Claim shall not transfer to cross license agreement dated September 27, 1997, among NXT plc, New Transducers Limited, being related companies, the Assignee all rights related thereto Borrower and existing at the moment of the assignment arising NCT Audio Products, Inc. (or any successor agreements) are specifically excluded from the Collateralcollateral. The Assignee understands that by assignment There are approximately 20 pieces of intellectual property in which, under the Claim cross license agreement, Borrower may not, and hence does not herein, grant a security interest incorporated in the Collateral is not re-registered in favour of the Assignee and remains registered in favour of the Loan Originator. 8.3interest. The Loan Originator handles In addition, all matters related to Collateralagreements between NCT Audio Products, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator Inc. and the Borrower that relate to such agreement, and the stock of NCT Audio Products, Inc. owned by the Borrower, shall similarly be excluded from the security interest granted in this regardNote. If Borrower does not pay the debt or other obligations under this Note when due, the collateral may be sold in order to pay such debt and obligations, or same may be transferred to the name of the Holder, as Holder in her discretion decides. Holder may inspect the collateral at all reasonable times. Borrower further agrees that it will do anything reasonably requested by Holder in order to make Holder's security interest in the collateral legally effective including the execution of a UCC-1.

Collateral. 8.1US Borrower has good title to the Collateral, free of Liens except Permitted Liens. This Section Borrower has no deposit account other than the deposit accounts with Bank. The Collateral is not in the possession of any third party bailee (such as a warehouse). Except as hereafter disclosed to Bank in writing by US Borrower, none of the components of the Collateral shall be applicable if maintained at locations other than as provided in the Perfection Certificate. In the event that US Borrower, after the date hereof, intends to store or otherwise deliver any portion of the Collateral to a bailee, then US Borrower will first receive the written consent of Bank and such bailee must acknowledge in writing that the bailee is expressly indicated among other information about holding such Collateral for the Claim benefit of Bank. All Net Inventory is in all material respects of good and marketable quality, free from material defects. Borrower is the sole owner of its Intellectual Property, except for non-exclusive licenses granted to its customers in the Portal. 8.2ordinary course of business. The Loan Originator along with Each Patent is valid and enforceable and no part of the Claim shall not transfer Intellectual Property has been judged invalid or unenforceable, in whole or in part, and to the Assignee all rights related thereto and existing at the moment best of Borrower’s knowledge, no claim has been made that any part of the assignment arising 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. Except as noted on the Perfection Certificate, US Borrower is not a party to, nor is bound by, any license or other agreement 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 license or agreement or any other property. Borrower shall provide written notice to Bank within ten (10) 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 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. The Assignee understands ” 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 Claim security interest incorporated license to Bank if Bank determines that is necessary in its good faith judgment), whether now existing or entered into in the Collateral is not re-registered in favour of the Assignee and remains registered in favour of the Loan Originatorfuture. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regard.

Collateral. 8.1. This Section shall be applicable if Borrower has good title, has rights in, and the power to transfer each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no deposit accounts other information about than the Claim deposit accounts with Bank, the deposit accounts, if any, described in the Portal. 8.2Perfection 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. To Borrower’s knowledge (provided, however, such knowledge qualifier shall not apply to Eligible Accounts which are Financed Receivables), the Accounts are bona fide, existing obligations of the Account Debtors. The Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and existing at the moment of the assignment arising from the Collateral. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate or as otherwise permitted under this Agreement. None of the Assignee and remains registered in favour components of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation Collateral with a value in excess of mortgages and commercial pledges, including submits and receives all necessary documents One Hundred Fifty Thousand Dollars ($150,000.00) in the respective pledge registers. 8.4aggregate shall be maintained at locations other than as provided in the Perfection Certificate or as Borrower has given Bank notice pursuant to Section 7.2. The Assignee understands and agrees In the event that Borrower, after the Loan Originator during the validity term date hereof, intends to store or otherwise deliver any portion of the Agreement without Collateral with a prior coordination value in excess of One Hundred Fifty Thousand Dollars ($150,000.00) in the aggregate to a bailee other than those listed on the Perfection Certificate, 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 reasonable discretion. All Inventory is in all material respects of good and marketable quality, free from material defects. Borrower is the sole owner of its intellectual property, except for non-exclusive licenses granted to its customers in the ordinary course of business. Each patent that is material to Borrower’s business is valid and enforceable, and no part of the intellectual property that is material to Borrower’s business 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. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any material license or other agreement with respect to which Borrower is the licensee (a) that prohibits or otherwise restricts Borrower from granting a security interest in Borrower’s interest in such license or agreement or any other property, or (b) for which a default under or termination of could interfere with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the Bank’s right to sell the Collateral any Collateral. Borrower shall provide written notice to Bank within ten (10) days of entering or a part thereof pursuant becoming bound by any such license or agreement (other than over-the-counter software that is commercially available to the Collateral documentation. 8.7public). The Assignee has an obligation immediatelyBorrower shall take such steps as Bank requests to obtain the consent of, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos waiver by, any person whose consent or the Loan Originator with waiver is necessary for all necessary authority, consents and permits for Mintos such licenses or the Loan Originator contract rights to be able deemed “Collateral” and for Bank to execute have a security interest in it that might otherwise be restricted or prohibited by law or by the rights and obligations specified terms of any such license or agreement, whether now existing or entered into in the Agreementfuture. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regard.

Collateral. 8.1. This Section shall be applicable if Borrower has good title to each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no deposit accounts other information about than the Claim deposit accounts with Senior Lender, the deposit accounts, if any, described in the Portal. 8.2Perfection Certificate delivered to Agent in connection herewith, or of which Borrower has given Agent notice and taken such actions as are necessary to give Agent a perfected security interest therein (subject to the Required Foreign Filings). The Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and Accounts are bona fide, existing at the moment obligations of the assignment arising from the CollateralAccount Debtors. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate. None of the Assignee and remains registered in favour of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement components of the Collateral shall be maintained at locations other than as provided in the Perfection Certificate or as permitted pursuant to Section 7.2. In the event that Borrower, after the date hereof, intends to store or otherwise deliver any portion of the Collateral in excess of One Hundred Thirty Thousand Dollars (if any$130,000) and/or other debt collection proceedings against in the aggregate to a bailee, then Borrower will first receive the written consent of Agent and such bailee must execute and deliver a bailee agreement in form and substance satisfactory to Agent in its sole discretion. All Inventory is in all material respects of good and marketable quality, free from material defects. Borrower is the sole owner of the Intellectual Property which it owns or purports to own except for (a) non-exclusive licenses granted to its customers in the ordinary course of business, (b) over-the-counter software that is commercially available to the public, and (c) material Intellectual Property licensed to Borrower and noted on the Perfection Certificate. Each Patent which it owns or purports to own and which is material to Borrower’s business is to the knowledge of Borrower, valid and enforceable, and no part of the Intellectual Property which Borrower owns or purports to own and which is material to Borrower’s business, taken as a whole, has been judged invalid or unenforceable, in whole or in part. The Assignee shall To 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 would not make have a Material Adverse Effect. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is it bound by, any complaints against Mintos, the Loan Originator and the Borrower in this regardRestricted License.

Collateral. 8.1Borrower has good title to, has rights in, and the power to transfer each item of the Collateral upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. This Section 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 (x) as otherwise provided in the Perfection Certificate and (y) Equipment or Inventory in the possession of third party carriers in the ordinary course of business for delivery to Borrower or to customers of Borrower and its Subsidiaries. None of the components of the Collateral shall be applicable if maintained at locations other than as provided in the Perfection Certificate or as Borrower has given Bank notice pursuant to Section 7.2. 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. All Inventory is expressly indicated among in all material respects of good and marketable quality, free from material defects. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any material license or other information about agreement with respect to which Borrower is the Claim licensee that prohibits or otherwise restricts Borrower from granting a security interest in the Portal. 8.2Borrower’s interest in such license or agreement or any other property. The Loan Originator along with the Claim Borrower shall not transfer provide written notice to Bank within ten (10) 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 Assignee public). Borrower shall take such steps as Bank requests to obtain the consent of, or waiver by, any person whose consent or waiver is necessary for all such licenses or contract rights related thereto to be deemed “Collateral” and existing at for Bank to have a security interest in it that might otherwise be restricted or prohibited by law or by the moment terms of the assignment arising from the Collateral. The Assignee understands that by any such license or agreement (such consent or authorization may include a licensor’s agreement to a contingent assignment of the Claim security interest incorporated license to Bank if Bank determines that is necessary in its good faith judgment), whether now existing or entered into in the Collateral is not re-registered in favour future. Notwithstanding the foregoing, the terms of the Assignee preceding sentence shall not apply to, and remains registered in favour of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue include, license agreements solely for the documents related use of Intellectual Property of a third party, with respect to which license Borrower is the registration of pledge or their derivatives to the Assigneelicensee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regard.

Collateral. 8.1. This Section shall be applicable if Borrower has good title to, has rights in, and the power to transfer each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no deposit accounts other information about than the Claim deposit accounts with Bank, the deposit accounts, if any, described in the Portal. 8.2Perfection 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 Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and Accounts are bona fide, existing at the moment obligations of the assignment arising from the CollateralAccount Debtors. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate. None of the Assignee and remains registered in favour components of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents Collateral shall be maintained at locations other than as provided in the respective pledge registers. 8.4Perfection Certificate or as permitted pursuant to Section 7.2. The Assignee understands and agrees In the event that Borrower, after the Loan Originator during the validity term date hereof, intends to store or otherwise deliver any portion of the Agreement without Collateral to a prior coordination 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. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any material license or other agreement with respect to which Borrower is the licensee (a) that prohibits or otherwise restricts Borrower from granting a security interest in Borrower’s interest in such license or agreement or any other property, or (b) for which a default under or termination of could interfere with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the Bank’s right to sell the Collateral any Collateral. Borrower shall provide written notice to Bank within ten (10) days of entering or a part thereof pursuant becoming bound by any such license or agreement (other than over-the-counter software that is commercially available to the Collateral documentation. 8.7public). The Assignee has an obligation immediatelyBorrower shall take such steps as Bank requests to obtain the consent of, but not later than within 5 or waiver by, any person whose consent or waiver is necessary for (fivex) Business Days from the receipt of Mintos all such licenses or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator agreements to be able deemed “Collateral” and for Bank to execute 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, whether now existing or entered into in the future, and (y) Bank to have the ability in the event of a liquidation of any Collateral to dispose of such Collateral in accordance with Bank’s rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos remedies under this Agreement and the other Loan Originator are not obliged to disclose to Documents.” and inserting in lieu thereof the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regard.following:

Collateral. 8.1. This Section shall be applicable if (a) Borrower has good title to, has rights in, and the power to transfer each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no deposit account other information about than the Claim deposit accounts with Bank and deposit accounts described in the PortalPerfection Certificate delivered to Bank in connection herewith. 8.2. (b) The Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and existing at the moment of the assignment arising from the Collateral. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not rein the possession of any third party bailee (such as a warehouse), except for (i) Inventory in the possession of third-registered party processors or subcontractors in favour the ordinary course of business, (ii) Inventory at customer locations in the ordinary course of business, and (iii) Inventory stored with other third parties in the ordinary course of business, in an aggregate amount not to exceed $500,000 at any time. Except as hereafter disclosed to Bank in writing by Borrower, none of the Assignee and remains registered in favour components of the Loan OriginatorCollateral shall be maintained at locations other than as provided in the Perfection Certificate, or as set forth above. In the event that Borrower, after the date hereof, intends to store or otherwise deliver any portion of the Collateral to a bailee (other than as set forth above), then Borrower will first receive the written consent of Bank and such bailee must acknowledge in writing that the bailee is holding such Collateral for the benefit of Bank. 8.3(c) With respect to any leased premises of Borrower, Borrower shall, promptly upon Bank’s request therefor, use commercially reasonable efforts to deliver to Bank a landlord agreement (in form and substance satisfactory to Bank) duly executed by the lessor of such leased premises. The Loan Originator handles all matters related In the event that Bank requests such a landlord agreement and Borrower uses such efforts but does not succeed in delivering such a landlord agreement, Bank may (in its good faith business judgment) maintain a Reserve with respect to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registerssuch leased premises. 8.4(d) All Inventory is in all material respects of good and marketable quality, free from material defects. (e) Borrower is the sole owner of its Intellectual Property, except for licenses otherwise allowed under Section 7.1 and for such Intellectual Property as is licensed by Borrower. The Assignee understands Each patent owned by Borrower is valid and agrees that the Loan Originator during the validity term enforceable and no part of the Agreement without a prior coordination with the Assignee may make Intellectual Property has been judged invalid or unenforceable, in whole or in part, and to Borrower’s knowledge, no claim has been made in writing that any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests part of the Assignee with due careIntellectual Property violates, in any material respect, the rights of any third party. 8.5. The Loan Originator shall keep all Collateral documentation and originals (f) Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any material license or other agreement with respect to which Borrower is the licensee (i) that prohibits or otherwise restricts, in a manner enforceable under applicable law, Borrower from granting a security interest in Borrower’s interest in such license or agreement or any other property, or (ii) for which a default under or termination of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the could interfere with Bank’s right to sell any Collateral. (g) The second proviso set forth in Exhibit A states that, if and to the extent that a perfected security interest in the underlying Excluded IP is required under applicable law (including without limitation pursuant to applicable judicial authority) to have a perfected security interest in the Included Proceeds of Excluded IP, then in such circumstance the Collateral or a part thereof pursuant shall include the underlying Excluded IP only to the Collateral documentationextent necessary under applicable law to permit perfection of Bank’s security interest in such Included Proceeds of Excluded IP. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regard.

Collateral. 8.1. This Section shall be applicable if Borrower has good title to, has rights in, and the power to transfer each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no Deposit Accounts, Securities Accounts, Commodity Accounts or other information about investment accounts other than the Claim Collateral Accounts with Borrower’s Account Banks or the other investment accounts, if any, described in the Portal. 8.2Perfection Certificate delivered to Collateral Agent in connection herewith with respect of which Borrower has given Collateral Agent notice and taken such actions as are necessary to give Collateral Agent a perfected security interest therein. The Loan Originator along with On the Claim shall Effective Date, the Collateral (other than raw materials or unfinished products that may be in transit or located at third party manufacturing sites) is not transfer to in the Assignee all rights related thereto and existing at possession of any third party bailee (such as a warehouse) except as disclosed in the moment Perfection Certificate. None of the assignment arising from the Collateral. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour of the Assignee and remains registered in favour of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement components of the Collateral (other than raw materials or unfinished products that may be in transit or located at third party manufacturing sites) shall be maintained at locations other than as disclosed in the Perfection Certificate on the Effective Date or as permitted pursuant to Section 7.2. In the event that Borrower, after the Effective Date, intends to store or otherwise deliver any portion of the Collateral to a bailee (other than raw materials or unfinished products that may be in transit or located at third party manufacturing sites), then Borrower will first receive the written consent of Collateral Agent and such bailee must execute and deliver a bailee agreement in form and substance satisfactory to Collateral Agent in its reasonable discretion. All Inventory is in all material respects of good and marketable (although not necessarily approved for sale to the public as regulated by the FDA) quality, free from material defects. Borrower is the sole owner of its Intellectual Property, except for licenses permitted by the terms of Section 7.1 hereof and those licenses described in the Perfection Certificate. Schedule 5.2 sets forth all patents and patent applications owned or exclusively licensed to Borrower and indicates which of such patents and patent applications are owned by Borrower and which are licensed by Borrower from third parties (the “Licensed IP”). The Licensed IP is not necessary for the conduct of Borrower’s Ataluren (PTC124), PTC299 and GEMS research and development programs nor the manufacture, sale and marketing of products, if any, which may be developed from such programs. Each issued Patent owned by Borrower is, to the best of Borrower’s knowledge, 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. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any material license or other agreement with respect to which Borrower is a licensee that (a) and/or prohibits or otherwise restricts Borrower from granting a security interest in Borrower’s interest in such license or agreement or any other debt collection proceedings against property, or (b) for which a default under or termination of could interfere with Collateral Agent’s right to sell any Collateral. Borrower shall provide written notice to Collateral Agent within ten (10) days of entering or becoming bound by any such license or agreement (other than over-the-counter software that is commercially available to the Borrowerpublic). The Assignee In respect of such licenses or agreements, Borrower shall take such steps as Collateral Agent requests to obtain the consent of, or waiver by, any person whose consent or waiver is necessary for (x) all such licenses or agreements to be deemed “Collateral” and for Collateral Agent 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, whether now existing or entered into in the future, and (y) Collateral Agent to have the ability in the event of a liquidation of any Collateral to dispose of such Collateral in accordance with Collateral Agent’s rights and remedies under this Agreement and the other Loan Documents. Notwithstanding the foregoing, the terms of the preceding sentence shall not make any complaints against Mintos, apply to exclusive and non-exclusive license agreements solely for the Loan Originator and use of the intellectual property of a third party in which Borrower in this regardis licensee.

Collateral. 8.1Borrower has good title to the Collateral, free of Liens except Permitted Liens. This Section shall be applicable if Borrower has no deposit account other than the Collateral is expressly indicated among other information about the Claim deposit accounts with Bank and deposit accounts described in the Portal. 8.2Perfection 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, pursuant to documentation reasonably acceptable to Bank. The Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and existing at the moment of the assignment arising from the Collateral. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) other than OneSource Distributors (from whom the Bank is not requiring a written acknowledgment that it is holding Collateral for the benefit of Bank). Except as hereafter disclosed to Bank in writing by Borrower, none of the Assignee and remains registered in favour components of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents Collateral shall be maintained at locations other than as provided in the respective pledge registers. 8.4Perfection Certificate. The Assignee understands 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 agrees such bailee must acknowledge in writing that the Loan Originator during bailee is holding such Collateral for the validity term benefit of Bank. For the purposes hereof, xChange Point sites do not constitute a bailee. All Inventory is in all material respects of good and marketable quality, free from material defects. Borrower is the sole owner of its Intellectual Property, except for non-exclusive licenses granted to its customers in the ordinary course of business. Each patent is valid and enforceable and no part of the Agreement without 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 cause a prior coordination Material Adverse Change. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any material license or other agreement with respect to which Borrower is the licensee (a) that prohibits or otherwise restricts Borrower from granting a security interest in Borrower’s interest in such license or agreement or any other property, or (b) for which a default under or termination of could interfere with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the Bank’s right to sell the Collateral any Collateral. Borrower shall provide written notice to Bank within thirty days of entering or a part thereof pursuant becoming bound by any such license or agreement (other than over-the-counter software that is commercially available to the Collateral documentation. 8.7public). The Assignee has an obligation immediatelyBorrower shall take such steps as Bank requests to obtain the consent of, but not later than within 5 or waiver by, any person whose consent or waiver is necessary for (fivex) Business Days from the receipt of Mintos all such licenses or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator agreements to be able deemed “Collateral” and for Bank to execute have a security interest in the same that might otherwise be restricted or prohibited by law or by the terms of any such license or agreement, whether now existing or entered into in the future, and (y) Bank to have the ability in the event of a liquidation of any Collateral to dispose of such Collateral in accordance with Bank’s rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos remedies under this Agreement and the other Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regardDocuments.

Collateral. 8.1. This Section shall be applicable if (a) Borrower and each of its Subsidiaries have good title to, have rights in, and the power to transfer each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ under the Loan Documents, free and clear of any and all Liens except Permitted Liens, and neither Borrower nor any of its Subsidiaries have any Deposit Accounts, Securities Accounts, Commodity Accounts or other information about investment accounts other than the Claim Collateral Accounts or the other investment accounts, if any, described in the PortalPerfection Certificates delivered to Collateral Agent in connection herewith with respect of which Borrower or such Subsidiary has given Collateral Agent notice and taken such actions as are necessary to give Collateral Agent a perfected security interest therein. The Accounts are bona fide, existing obligations of the Account Debtors. 8.2. The Loan Originator along with (b) On the Claim shall not transfer to Effective Date, and except as disclosed on the Assignee all rights related thereto and existing at the moment of the assignment arising from the Collateral. The Assignee understands that by assignment of the Claim security interest incorporated in Perfection Certificate (i) the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse), and (ii) no such third party bailee possesses components of the Assignee and remains registered Collateral in favour excess of Two Hundred Fifty Thousand Dollars ($250,000.00). None of the Loan Originatorcomponents of the Collateral shall be maintained at locations other than as disclosed in the Perfection Certificates on the Effective Date or as permitted pursuant to Section 6.11. 8.3. The Loan Originator handles (c) All Inventory is in all matters related to Collateralmaterial respects of good and marketable quality, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registersfree from material defects. 8.4. The Assignee understands (d) Borrower and agrees that each of its Subsidiaries is the Loan Originator during the validity term sole owner of the Agreement without a prior coordination with Intellectual Property each respectively purports to own, free and clear of all Liens other than Permitted Liens. Except as noted on the Assignee may make any amendments Perfection Certificates or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments otherwise notified to Collateral documents Agent in writing after the Effective Date, neither Borrower nor any of its Subsidiaries is a party to, nor is bound by, any material license or additional agreements as binding and not make other material agreement with respect to which Borrower or such Subsidiary is the licensee that (i) prohibits or otherwise restricts Borrower or its Subsidiaries from granting a security interest in Borrower’s or such Subsidiaries’ interest in such material license or material agreement or any complaints in this regard. The Loan Originator undertakes by making amendments other property, or signing additional agreements to the (ii) for which a default under or termination of could interfere with Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge Agent’s or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the any Lender’s right to sell the any Collateral. Borrower shall provide written notice to Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than Agent and each Lender within 5 ten (five10) Business Days from of Borrower or any of its Subsidiaries entering into or becoming bound by any material license or other material agreement with respect to which Borrower or any Subsidiary is the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and licensee (other than over-the-counter software that is informed that Mintos and the Loan Originator are not obliged to disclose commercially available to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regardpublic).

Collateral. 8.1. This Section shall be applicable if Borrower has good title to, has rights in, and the power to transfer each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no deposit accounts other information about than the Claim deposit accounts with SVB, the Clearing Account, the Trust Account, the Borrower Account, the Investor Account, the deposit accounts, if any, described in the Portal. 8.2Perfection Certificate delivered to Administrative Agent in connection herewith, or of which Borrower has given Lenders notice and taken such actions as are necessary to give Administrative Agent and Lenders a perfected security interest therein. The Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and Eligible Loans are bona fide, existing at the moment obligations of the assignment arising from the CollateralLoan Debtors. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate. None of the Assignee and remains registered in favour components of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents Collateral shall be maintained at locations other than as provided in the respective pledge registers. 8.4Perfection Certificate or as Borrower has given Lenders notice pursuant to Section 7.2. The Assignee understands and agrees In the event that Borrower, after the Loan Originator during the validity term date hereof, intends to store or otherwise deliver any portion of the Agreement Collateral to a bailee, then Borrower will first receive the written consent of Lenders and such bailee must execute and deliver a bailee agreement in form and substance satisfactory to Lenders in their sole discretion. Upon any Transfer permitted under Section 7.1(e) hereof prior to an Event of Default, Administrative Agent’s and Lenders’ Lien in such assets shall be released without a prior coordination with the Assignee may make any amendments further act of Administrative Agent, Lenders or sign any additional agreements Borrower. Administrative Agent shall take all actions reasonably requested by Borrower, at Borrower’s expense, to evidence such release. Administrative Agent, Lenders and Borrower hereby acknowledge and agree that, notwithstanding anything set forth to the contrary herein, (a) the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements include all amounts deposited into the Clearing Account, to the Collateral documents extent that such amounts are proceeds of Financed Loans, and (b) the first priority security interest granted by Borrower to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation Administrative Agent and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee Lenders pursuant to the Loan Agreement has the right shall at all times remain in full force and effect with respect to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediatelyall proceeds of, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with and any other amounts received in connection with, all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement Financed Loans regardless of the Collateral (if any) and/or other debt collection proceedings against locations of such proceeds and amounts, including, without limitation, any such proceeds and amounts deposited into the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regardClearing Account.

Collateral. 8.1. This Section shall be applicable if Borrower has good title to, has rights in, and the power to transfer each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no deposit accounts other information about than the Claim deposit accounts with Bank, the deposit accounts, if any, described in the Portal. 8.2Perfection 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 Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and Accounts are bona fide, existing at the moment obligations of the assignment arising from the CollateralAccount Debtors. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate. None of the Assignee and remains registered in favour components of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents Collateral shall be maintained at locations other than as provided in the respective pledge registers. 8.4Perfection Certificate, unless Borrower has given Bank written notice of such other locations. The Assignee understands and agrees In the event that Borrower, after the Loan Originator during the validity term date hereof, intends to store or otherwise deliver any portion of the Agreement without Collateral to a prior coordination 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. All Inventory is in all material respects of good and marketable quality, free from material defects. Except as described in its Perfection Certificate, Borrower is the sole owner of its intellectual property, except for non-exclusive licenses granted to its customers in the ordinary course of business. 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. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any material license or other agreement with respect to which Borrower is the licensee (a) that prohibits or otherwise restricts Borrower from granting a security interest in Borrower’s interest in such license or agreement or any other property, or (b) for which a default under or termination of could interfere with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the Bank’s right to sell the Collateral any Collateral. Borrower shall provide written notice to Bank within thirty (30) days of entering or a part thereof pursuant becoming bound by any such license or agreement (other than over-the-counter software that is commercially available to the Collateral documentation. 8.7public). The Assignee has an obligation immediatelyBorrower shall take such steps as Bank requests to obtain the consent of, but not later than within 5 or waiver by, any person whose consent or waiver is necessary for (fivex) Business Days from the receipt of Mintos all such licenses or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator agreements to be able deemed “Collateral” and for Bank to execute 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, whether now existing or entered into in the future, and (y) Bank to have the ability in the event of a liquidation of any Collateral to dispose of such Collateral in accordance with Bank’s rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos remedies under this Agreement and the other Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regardDocuments.

Collateral. 8.1Borrower has good title to the Collateral, free of Liens except Permitted Liens. This Section shall be applicable if Borrower has no deposit account other than the Collateral is expressly indicated among other information about the Claim deposit accounts with Bank and deposit accounts described in the Portal. 8.2Perfection 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, pursuant to documentation reasonably acceptable to Bank. The Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and Accounts are bona fide, existing at the moment obligations of the assignment arising from Account Debtors. Except for Inventory with third party contract manufacturers outside the Collateral. The Assignee understands that by assignment of the Claim security interest incorporated in United States, the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate. None of the Assignee and remains registered in favour components of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents Collateral shall be maintained at locations other than as provided in the respective pledge registers. 8.4Perfection Certificate or as permitted pursuant to Section 7.2. The Assignee understands and agrees In the event that Borrower, after the Loan Originator during the validity term date hereof, intends to store or otherwise deliver any portion of the Agreement without Collateral to a prior coordination 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. All Inventory is in all material respects of good and marketable quality, free from material defects. Borrower is the sole owner of its intellectual property, except for non-exclusive licenses granted to its customers in the ordinary course of business. 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 cause a Material Adverse Change. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any material license or other agreement with respect to which Borrower is the licensee (a) that prohibits or otherwise restricts Borrower from granting a security interest in Borrower’s interest in such license or agreement or any other property, or (b) for which a default under or termination of could interfere with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the Bank’s right to sell the Collateral any Collateral. Borrower shall provide written notice to Bank within thirty days of entering or a part thereof pursuant becoming bound by any such license or agreement (other than over-the-counter software that is commercially available to the Collateral documentation. 8.7public). The Assignee has an obligation immediatelyBorrower shall take such steps as Bank requests to obtain the consent of, but not later than within 5 or waiver by, any person whose consent or waiver is necessary for (fivex) Business Days from the receipt of Mintos all such licenses or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator agreements to be able deemed “Collateral” and for Bank to execute have a security interest in the same that might otherwise be restricted or prohibited by law or by the terms of any such license or agreement, whether now existing or entered into in the future, and (y) Bank to have the ability in the event of a liquidation of any Collateral to dispose of such Collateral in accordance with Bank’s rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos remedies under this Agreement and the other Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regardDocuments.

Collateral. 8.1. This Section shall be applicable if the Collateral is expressly indicated among other information about the Claim in the PortalPlatform. 8.2. The Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and existing at the moment of the assignment arising from the Collateral. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour of the Assignee and remains registered in favour of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination coordi nation with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regard.

Collateral. 8.1Borrower has good title to, has rights in, and the power to transfer each item of Collateral upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. This Section shall be applicable if Borrower and each Guarantor have no Deposit Accounts other than the Collateral is expressly indicated among other information about the Claim Deposit Accounts with Bank and Deposit Accounts described in the Portal. 8.2applicable Perfection Certificate delivered to Bank in connection herewith. The Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and existing at the moment of the assignment arising from the Collateral. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) except as otherwise provided in the applicable Perfection Certificate. None of the Assignee and remains registered in favour of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement material components of the Collateral (if any) and/or are maintained at locations other debt collection proceedings against than as provided in the applicable Perfection Certificate unless Borrower has notified Bank of such other locations. In the event that Borrower or any Guarantor, after the date hereof, intends to store or otherwise deliver any material 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. All Inventory is in all material respects of good and marketable quality, free from material defects. Borrower and each Guarantor is a licensee or the sole owner of its respective intellectual property, except for non-exclusive licenses granted to Affiliates or its customers in the ordinary course of business. To Borrower’s knowledge, 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 owned by Borrower violates the rights of any third party. The Assignee shall not make Except as disclosed to Bank in writing, neither Borrower nor any complaints against MintosGuarantor is a party to, nor is bound by, any license or other agreement with respect to which Borrower or any Guarantor is the Loan Originator and the licensee that prohibits or otherwise restricts Borrower or such Guarantor from granting a security interest in this regardBorrower’s or such Guarantor’s interest in such license or agreement or any other property.

Collateral. 8.1Borrower has good title to, and has rights in or the power to transfer each item of the Collateral upon which it purports to g▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. This Section As of the Effective Date, 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 as otherwise provided in the Perfection Certificate. None of the components of the Collateral shall be applicable if maintained at locations other than as provided in the Perfection Certificate or as Borrower has given Bank notice pursuant to Section 7.2. 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. Except for any Financed Equipment which is expressly indicated among the subject of the prior financing arrangements with Comerica Bank and which is being refinanced hereunder, all Financed Equipment is new, except for such Financed Equipment that has been disclosed in writing to Bank by Borrower as “used” and that Bank, in its sole discretion, has agreed to finance. All Inventory is in all material respects of good and marketable quality, free from material defects. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any license or other information about agreement with respect to which Borrower is the Claim licensee that prohibits or otherwise restricts Borrower from granting a security interest in the Portal. 8.2Borrower’s interest in such license or agreement or any other property. The Loan Originator along with the Claim Borrower shall not transfer provide written notice to Bank within ten (10) 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 Assignee public). Borrower shall take such steps as Bank requests to obtain the consent of, or waiver by, any person whose consent or waiver is necessary for all such licenses or contract rights related thereto to be deemed “Collateral” and existing at for Bank to have a security interest in it that might otherwise be restricted or prohibited by law or by the moment terms of the assignment arising from the Collateral. The Assignee understands that by any such license or agreement (such consent or authorization may include a licensor’s agreement to a contingent assignment of the Claim security interest incorporated license to Bank if Bank determines that is necessary in its good faith judgment), whether now existing or entered into in the Collateral is not re-registered in favour of the Assignee and remains registered in favour of the Loan Originatorfuture. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regard.

Collateral. 8.1. This Section shall be applicable if Borrower has good title to the Collateral and the Intellectual Property, free of Liens except Permitted Liens. As of the Effective Date, Borrower has no other deposit account, other than the deposit accounts described on Schedule 1. Each Account with respect to which Advances are requested by Borrower shall, on the date each Advance is expressly indicated among other information about requested and made, represent an undisputed bona fide existing unconditional obligation of the Claim account debtor created by the sale, delivery, and acceptance of goods or the rendition of services in the Portal. 8.2ordinary course of Borrower’s business, subject to any such account debtor’s right to return any goods that are defective. The Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and existing at the moment of the assignment arising from the Collateral. The Assignee understands that by assignment of the Claim security interest incorporated in Except as set forth on Schedule 1 hereto, the Collateral is not re-registered in favour the possession of any third party bailee (such as at a warehouse). In the event that Borrower, after the date hereof, intends to store or otherwise deliver the Collateral to such a bailee, then Borrower will receive the prior written consent of Bank and such bailee must acknowledge in writing that the bailee is holding such Collateral for the benefit of Bank. Borrower has no notice as of the Assignee Effective Date, and remains registered in favour shall have no notice as of the Loan Originator. 8.3date any Borrowing Base Certificate is delivered, of any actual or imminent Insolvency Proceeding of any account debtor whose accounts are an Eligible Account in any Borrowing Base Certificate. The Loan Originator handles All Inventory is in all matters related material respects of good and marketable quality, free from material defects, except for Inventory for which adequate reserves have been made in accordance with GAAP. Borrower is the sole owner of the Intellectual Property, except for non-exclusive licenses granted to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents its customers in the respective pledge registers. 8.4ordinary course of business, and licenses granted to Borrower by third parties with respect to intellectual property owned by such third parties. The Assignee understands Each Patent is, to the best of Borrower’s knowledge, valid and agrees that the Loan Originator during the validity term enforceable and no part of the Agreement without a prior coordination with Intellectual Property has been judged invalid or unenforceable, in whole or in part, and no claim has been made that any part of the Assignee may make Intellectual Property violates the rights of any amendments or sign any additional agreements third party, except to the Collateral documentation. The Assignee shall recognize extent such amendments claim could not reasonably be expected to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due carecause a Material Adverse Change. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regard.

Collateral. 8.1Each Borrower has good title to its Collateral, free and clear of any and all Liens except Permitted Liens. This Section shall be applicable if Borrower has no deposit account other than the Collateral is expressly indicated among other information about the Claim deposit accounts with Bank and deposit accounts described in the Portal. 8.2Perfection Certificate delivered to Bank in connection herewith. The Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and existing at the moment of the assignment arising from the Collateral. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse), except as expressly identified in the Perfection Certificate. Except as hereafter disclosed to Bank in writing by Borrower, none of the Assignee and remains registered in favour of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement components of the Collateral shall be maintained at locations other than as provided in the Perfection Certificate. In the event that Borrower, after the date hereof, intends to store or otherwise deliver any portion of the Collateral to a bailee not otherwise expressly identified (if anyas such a bailee) and/or in the Perfection Certificate, then Borrower will first notify Bank in writing of such new bailee. With respect to any bailee of Collateral, Borrower shall, promptly upon Bank's request therefor, use commercially reasonable efforts to deliver to Bank a bailee agreement (in form and substance satisfactory to Bank) duly executed by such bailee. In the event that Bank requests such a bailee agreement and Borrower uses such efforts but does not succeed in delivering such a bailee agreement, Bank may (in its good faith business judgment) maintain a Reserve with respect to such bailee. With respect to any leased premises of Borrower, Borrower shall, promptly upon Bank's request therefor, use commercially reasonable efforts to deliver to Bank a landlord agreement (in form and substance satisfactory to Bank) duly executed by the lessor of such leased premises. In the event that Bank requests such a landlord agreement and Borrower uses such efforts but does not succeed in delivering such a landlord agreement, Bank may (in its good faith business judgment) maintain a Reserve with respect to such leased premises. All Inventory is in all material respects of good and marketable quality, free from material defects. Borrower is the sole owner of its Intellectual Property, except for non-exclusive licenses granted to its customers in the ordinary course of business, and except such other debt collection proceedings against licenses and shared Intellectual Property rights as expressly described in the Exhibits referred to in the most recent 10K and 10Q reports of Endocare filed with the Securities and Exchange Commission. To the best of Borrower's knowledge, each Patent is valid and enforceable. The Assignee shall not make No part of the material Intellectual Property has been judged invalid or unenforceable, in whole or in part. To the best of Borrower's knowledge, no claim has been made that any complaints against Mintospart of the Intellectual Property violates, in any material respect, the Loan Originator and the Borrower in this regardrights of any third party.

Collateral. 8.1. This Section shall be applicable if Borrower has good title, has rights in, and the power to transfer each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no deposit accounts other information about than the Claim deposit accounts with Bank, the deposit accounts, if any, described in the Portal. 8.2Perfection 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 Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and Accounts are bona fide, existing at the moment obligations of the assignment arising from the CollateralAccount Debtors. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate. None of the Assignee and remains registered in favour components of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents Collateral shall be maintained at locations other than as provided in the respective pledge registers. 8.4Perfection Certificate or as permitted pursuant to Section 7.2. The Assignee understands and agrees In the event that Borrower, after the Loan Originator during the validity term date hereof, intends to store or otherwise deliver any portion of the Agreement without Collateral to a prior coordination 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 of its intellectual property, except for non-exclusive licenses granted to its customers in the ordinary course of business. 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. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any material license or other agreement with respect to which Borrower is the licensee (a) that prohibits or otherwise restricts Borrower from granting a security interest in Borrower’s interest in such license or agreement or any other property, or (b) for which a default under or termination of could interfere with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the Bank’s right to sell any Collateral. Without prior consent from Bank, Borrower shall not enter into, or become bound by, any such license or agreement which is reasonably likely to have a material adverse effect on Borrower’s business or financial condition. Borrower shall take such steps as Bank requests to obtain the Collateral consent of, or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediatelywaiver by, but not later than within 5 (five) Business Days from the receipt of Mintos any person whose consent or the Loan Originator’s request to provide Mintos waiver is necessary for all such licenses or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator contract rights to be able deemed “Collateral” and for Bank to execute have a security interest in it that might otherwise be restricted or prohibited by law or by the rights and obligations specified terms of any such license or agreement, whether now existing or entered into in the Agreementfuture. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regard.

Collateral. 8.1. This Section shall be applicable if Borrower has good title to, has rights in, and the power to transfer each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no deposit accounts other information about than the Claim deposit accounts with Bank, the deposit accounts, if any, described in the Portal. 8.2Perfection 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 Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and Accounts are bona fide, existing at the moment obligations of the assignment arising from the CollateralAccount Debtors. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate. None of the Assignee and remains registered in favour components of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents Collateral shall be maintained at locations other than as provided in the respective pledge registers. 8.4Perfection Certificate or as Borrower has given Bank notice pursuant to Section 7.2. The Assignee understands and agrees In the event that Borrower, after the Loan Originator during the validity term date hereof, intends to store or otherwise deliver any portion of the Agreement without Collateral to a prior coordination 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. All Inventory is in all material respects of good and marketable quality, free from material defects. Borrower is the sole owner of its intellectual property, except for non-exclusive licenses granted to its customers in the ordinary course of business. 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. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any material license or other agreement with respect to which Borrower is the licensee (a) that prohibits or otherwise restricts Borrower from granting a security interest in Borrower’s interest in such license or agreement or any other property, or (b) for which a default under or termination of could interfere with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the Bank’s right to sell the Collateral any Collateral. Borrower shall provide written notice to Bank within ten (10) days of entering or a part thereof pursuant becoming bound by any such license or agreement (other than over-the-counter software that is commercially available to the Collateral documentation. 8.7public). The Assignee has an obligation immediatelyBorrower shall take such steps as Bank requests to obtain the consent of, but not later than within 5 or waiver by, any person whose consent or waiver is necessary for (fivex) Business Days from the receipt of Mintos all such licenses or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator agreements to be able deemed “Collateral” and for Bank to execute 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, whether now existing or entered into in the future, and (y) Bank to have the ability in the event of a liquidation of any Collateral to dispose of such Collateral in accordance with Bank’s rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos remedies under this Agreement and the other Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regardDocuments.

Collateral. 8.1. This Section shall be applicable if Borrower has good title to, rights in, and the power to transfer each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. No Credit Party has Collateral Accounts at or with any bank or financial institution other information about than Bank or Bank’s Affiliates except for (i) the Claim Collateral Accounts described in the Portal. 8.2Perfection Certificate delivered to Bank in connection herewith, (ii) the Excluded Accounts, and (iii) the Collateral Accounts permitted by Section 6.6(b) hereof, and which, to the extent required under this Agreement (and not otherwise waived in writing by Bank) or reasonably requested by Bank, Borrower has taken such actions as are necessary to give Bank a perfected security interest therein, pursuant to the terms of Section 6.6(b). The Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and Accounts are bona fide, existing at the moment obligations of the assignment arising from Account Debtors. Except as otherwise provided in the Collateral. The Assignee understands that by assignment of the Claim security interest incorporated in Perfection Certificate or as permitted pursuant to Section 7.2, the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse). None of the Assignee and remains registered in favour of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement components of the Collateral shall be maintained at locations other than as provided in the Perfection Certificate (if anyas of the Effective Date) and/or other debt collection proceedings against or as permitted pursuant to Section 7.2. Except for Permitted Liens, each Credit Party is the sole owner of the Intellectual Property which it owns or purports to own. Each Patent which it owns or purports to own and which is material to the business of the Credit Parties and their Subsidiaries has been duly maintained and is valid and in full force and effect, and no part of the Intellectual Property which any Credit Party owns or purports to own and which is material to a Credit Party’s business has been judged invalid or unenforceable, in whole or in part. To the best of Borrower’s knowledge, no claim has been made that any part of the Intellectual Property infringes the rights of any third party except to the extent such claim would not reasonably be expected to have a material adverse effect on the business of the Credit Parties and their Subsidiaries. The Assignee shall not make Except for Restricted Licenses noted on the Perfection Certificate as of the Effective Date, no Credit Party is a party to, nor is it bound by, any complaints against Mintos, Restricted License with respect to which the Loan Originator and Credit Party has failed to take the Borrower in this regardactions required by Section 6.8(c).

Collateral. 8.1. This Section shall be applicable if Each Borrower has good title to, has rights in, and the power to transfer each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. None of the Borrowers, Parent or any of Parent’s Domestic Subsidiaries have any deposit accounts other information about than the Claim deposit accounts with Bank, the deposit accounts, if any, described in the Portal. 8.2Perfection Certificates of Borrowers and Parent that were delivered to Bank in connection herewith, or of which Borrowers have given Bank notice and taken such actions as are necessary to give Bank a perfected security interest therein (subject to Section 6.6 hereof). The Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and Accounts are bona fide, existing at the moment obligations of the assignment arising from the CollateralAccount Debtors. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate. None of the Assignee and remains registered in favour components of the Loan Originator. 8.3Collateral (other than Inventory in the possession of consignees of such Inventory and Trunk Inventory) shall be maintained at locations other than as provided in the Perfection Certificate or new locations of Borrowers within the United States for which Borrowers have given Bank 30 days’ prior written notice. The Loan Originator handles In the event that any Borrower, after the date hereof, intends to store or otherwise deliver any portion of the Collateral to a bailee, then Borrowers 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. All Financed Equipment is new, except for such Financed Equipment that has been disclosed in writing to Bank by Borrowers as “used”. All Inventory is in all matters related material respects of good and marketable quality, free from material defects. Each Borrower, Parent and each of Parent’s Subsidiaries is the sole owner of its intellectual property, except for non-exclusive licenses granted to Collateralits customers in the ordinary course of business. Each patent is valid and enforceable to the best of each Borrower’s knowledge, and no part of such intellectual property has been judged invalid or unenforceable, in whole or in part, and to the best of each Borrower’s knowledge, except as may be set forth in a schedule hereto, no claim has been made that any part of such 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 any Borrower’s or Parent’s business. Except as noted on the Perfection Certificate, neither any Borrower nor Parent nor any Subsidiary of Parent is a party to, nor is bound by, any material license or other agreement with respect to which such Person is the licensee, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without limitation any material license or agreement (a) for which a prior coordination default under or termination could interfere with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell Collateral, or (b) that prohibits or otherwise restricts such Person from granting a security interest in such Person’s interest in such license or agreement or any other property. Borrowers shall provide written notice to Bank within ten (10) days of any such Person entering or becoming bound by any such license or agreement (other than over-the-counter software that is commercially available to the public). Each Borrower shall take such steps as Bank requests to obtain the consent of, or waiver by, any person whose consent or waiver is necessary for Bank to have the ability in the event of a liquidation of the Collateral or a part thereof pursuant to dispose of the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originatorin accordance with Bank’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos remedies under this Agreement and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regardDocuments.

Collateral. 8.1. This Section shall be applicable if Guarantor has good title to each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. Guarantor has no deposit accounts other information about than the Claim deposit accounts with Purchaser, the deposit accounts, if any, described in the Portal. 8.2Perfection Certificate delivered to Purchaser in connection herewith, or of which Guarantor has given Purchaser notice and taken such actions as are necessary to give Purchaser a perfected security interest therein. The Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and Accounts are bona fide, existing at the moment obligations of the assignment arising from the CollateralAccount Guarantors. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate. None of the Assignee and remains registered in favour of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement components of the Collateral shall be maintained at locations other than as provided in the Perfection Certificate or as permitted pursuant to Section 5.2. In the event that Guarantor, after the date hereof, intends to store or otherwise deliver any portion of the Collateral in excess of One Hundred Thirty Thousand Dollars (if any$130,000.00) and/or other debt collection proceedings against for all Note Parties, to a bailee, then Guarantor will first receive the Borrowerwritten consent of Purchaser and such bailee must execute and deliver a bailee agreement in form and substance satisfactory to Purchaser in its sole discretion. The Assignee shall All Inventory is in all material respects of good and marketable quality, free from material defects. Guarantor is the sole owner of the Intellectual Property which it owns or purports to own except for (a) non-exclusive licenses granted to its customers in the ordinary course of business, (b) over-the-counter software that is commercially available to the public, and (c) material Intellectual Property licensed to Guarantor and noted on the Perfection Certificate. Each Patent which it owns or purports to own and which is material to Guarantor’s business is, to the knowledge of Guarantor, valid and enforceable, and no part of the Intellectual Property which Guarantor owns or purports to own and which is material to the Note Parties’ business taken as a whole has been judged invalid or unenforceable, in whole or in part. To the best of Guarantor’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 would not make have a material adverse effect on the Note Parties’ business taken as a whole. Except as noted on the Perfection Certificate, Guarantor is not a party to, nor is it bound by, any complaints against Mintos, the Loan Originator and the Borrower in this regardRestricted License.

Collateral. 8.1. This Section shall be applicable if Borrower has good title to, has rights in, and the power to transfer each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no deposit accounts other information about than the Claim deposit accounts with Bank, the deposit accounts, if any, described in the Portal. 8.2Perfection 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 Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and existing at the moment of the assignment arising from the Collateral. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not rein the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate and except for raw materials and inventory at off-registered in favour site locations. None of the Assignee and remains registered in favour components of the Loan Originator. 8.3Collateral shall be maintained at locations other than as provided in the Perfection Certificate or as Borrower has given Bank notice pursuant to Section 7.2, except for raw materials and inventory at off-site locations. The Loan Originator handles all matters related In the event that Borrower, after the date hereof, intends to store or otherwise deliver any portion of the Collateral, including except for raw materials and inventory, to a bailee not listed on the registrationPerfection Certificate, amending then Borrower will first receive the written consent of Bank and cancellation such bailee must execute and deliver a bailee agreement in form and substance satisfactory to Bank. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any material license or other agreement with respect to which Borrower is the licensee (a) that prohibits or otherwise restricts Borrower from granting a security interest in Borrower’s interest in such license or agreement or any other property, or (b) for which a default under or termination of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination would interfere with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the Bank’s right to sell any Collateral. Borrower shall provide written notice to Bank within ten (10) days of entering or becoming bound by any such license or agreement not noted on the Collateral or a part thereof pursuant Perfection Certificate (other than over-the-counter software that is commercially available to the Collateral documentation. 8.7public). The Assignee has an obligation immediatelyBorrower shall take such steps as Bank requests to obtain the consent of, but not later than within 5 or waiver by, any person whose consent or waiver is necessary for (fivex) Business Days from the receipt of Mintos all such licenses or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator agreements to be able deemed “Collateral” and for Bank to execute 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, whether now existing or entered into in the future, and (y) Bank to have the ability in the event of a liquidation of any Collateral to dispose of such Collateral in accordance with Bank’s rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos remedies under this Agreement and the other Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regardDocuments.

Collateral. 8.1. This Section shall be applicable if Borrower has good title, has rights in, and the power to transfer each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no deposit accounts other information about than the Claim deposit accounts with Bank, the deposit accounts, if any, described in the Portal. 8.2Perfection 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 Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and Accounts are bona fide, existing at the moment obligations of the assignment arising Account Debtors. All Inventory is in all material respects of good and marketable quality, free from the Collateralmaterial defects. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate. None of the Assignee and remains registered in favour components of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents Collateral shall be maintained at locations other than as provided in the respective pledge registers. 8.4Perfection Certificate or as permitted pursuant to Section 7.2. The Assignee understands and agrees In the event that Borrower, after the Loan Originator during the validity term date hereof, intends to store or otherwise deliver any portion of the Agreement without Collateral to a prior coordination 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. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any material license or other agreement with respect to which Borrower is the Assignee may make licensee (a) that prohibits or otherwise restricts Borrower from granting a security interest in Borrower’s interest in such license or agreement or any amendments other property, or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents (b) for which a default under or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests termination of the Assignee could interfere with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the Bank’s right to sell any Collateral. Without prior consent from Bank, Borrower shall not enter into, or become bound by, any such license or agreement which is reasonably likely to have a material impact on Borrower’s business or financial condition. Borrower shall take such steps as Bank requests to obtain the Collateral consent of, or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediatelywaiver by, but not later than within 5 (five) Business Days from the receipt of Mintos any person whose consent or the Loan Originator’s request to provide Mintos waiver is necessary for all such licenses or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator contract rights to be able deemed “Collateral” and for Bank to execute have a security interest in it that might otherwise be restricted or prohibited by law or by the rights and obligations specified terms of any such license or agreement, whether now existing or entered into in the Agreementfuture. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regard.

Collateral. 8.1. This Section shall be applicable if Borrower has good title to, has rights in, and the power to transfer each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no deposit accounts other information about than the Claim deposit accounts with Bank, the deposit accounts, if any described in the Portal. 8.2Perfection 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 Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and Accounts are bona fide, existing at the moment obligations of the assignment arising from the CollateralAccount Debtors. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate or as permitted pursuant to Section 7.2. None of the Assignee and remains registered in favour of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement components of the Collateral shall be maintained at locations other than as provided in the Perfection Certificate or as permitted pursuant to Section 7.2. In the event that Borrower, after the date hereof, intends to store or otherwise deliver any portion of the Collateral to a bailee valued in excess of Two Hundred Fifty Thousand Dollars (if any$250,000), 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. All Inventory is in all material respects of good and marketable quality, free from material defects. Borrower is the sole owner of the Intellectual Property which it owns or purports to own except for (a) and/or non-exclusive licenses granted to its customers in the ordinary course of business, (b) over-the-counter software that is commercially available to the public and other debt collection proceedings against immaterial Intellectual Property licensed to Borrower, and (c) material Intellectual Property licensed to Borrower and noted on the Perfection Certificate. Each Patent which it owns or purports to own and which is material to Borrower’s business is valid and enforceable, and no part of the Intellectual Property which Borrower owns or purports to own and which is material to Borrower’s business has been judged invalid or unenforceable, in whole or in part. The Assignee shall To the best of Borrower’s knowledge, no claim has been made in writing that any part of the Intellectual Property violates the rights of any third party except to the extent such claim would not make have a material adverse effect on Borrower’s business. Except as previously disclosed to Bank or noted on the Perfection Certificate, Borrower is not a party to, nor is it bound by, any complaints against Mintos, the Loan Originator and the Borrower in this regardRestricted License.

Collateral. 8.1Borrower has good title to the Collateral, free of Liens except Permitted Liens. This Section shall be applicable if Borrower has no deposit account, other than the Collateral is expressly indicated among other information about the Claim deposit accounts with Bank and deposit accounts described in the Portal. 8.2Perfection Certificate delivered to the Bank in connection herewith. The Loan Originator along with Accounts are bona fide, existing obligations, and the Claim shall not transfer service or property has been performed or delivered to the Assignee all rights related thereto and existing at account debtor or its agent for immediate shipment to the moment of the assignment arising from the Collateralaccount debtor. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse). Except as hereafter disclosed to the Bank in writing by Borrower, none of the Assignee and remains registered in favour of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement components of the Collateral shall be maintained at locations other than as provided in the Perfection Certificate. 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, not to be unreasonably withheld, and such bailee must acknowledge in writing that the bailee is also holding such Collateral for the benefit of Bank (if any) and/or other debt collection proceedings against in addition to the Borrower). The Assignee shall not make Borrower has no knowledge of any complaints against Mintosactual or imminent Insolvency Proceeding of any account debtor whose accounts are an Eligible Account in any Borrowing Base Certificate. Borrower is the sole owner of or has all necessary rights and interests to the Intellectual Property, except for non-exclusive licenses (or exclusive licenses for a particular field of use or geographic area) granted to its customers in the Loan Originator and the Borrower in this regardordinary course of business.

Collateral. 8.1. This Section shall be applicable if Borrower has good title to, has rights in, and the power to transfer each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no Deposit Accounts, Securities Accounts, Commodity Accounts or other information about investment accounts other than the Claim Collateral Accounts with SVB and Royal Bank of Canada or the other investment accounts, if any, described in the Portal. 8.2Perfection Certificate delivered to Collateral Agent in connection herewith in respect of which Borrower has given Collateral Agent notice and taken such actions as are necessary to give Collateral Agent a perfected security interest therein. The Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and existing at the moment of the assignment arising from the Collateral. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate. None of the Assignee and remains registered in favour components of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents Collateral shall be maintained at locations other than as provided in the respective pledge registers. 8.4Perfection Certificate or as permitted pursuant to Section 7.2. The Assignee understands and agrees In the event that Borrower, after the Loan Originator during the validity term date hereof, intends to store or otherwise deliver any portion of the Agreement without Collateral to a prior coordination bailee, then Borrower will first receive the written consent of Collateral Agent and such bailee must execute and deliver a bailee agreement in form and substance satisfactory to Collateral Agent. All Inventory is in all material respects of good and marketable quality, free from material defects. Borrower is the sole owner of its intellectual property, except for licenses granted by Borrower in connection with joint ventures and corporate collaborations in the Assignee may make ordinary course of business. Each issued 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 Borrower’s knowledge, no claim has been made that any amendments or sign part of the intellectual property violates the rights of any additional agreements third party except to the extent such claim could not reasonably be expected to have a material adverse effect on Borrower’s business. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is it bound by, any material license or other agreement with respect to which Borrower is a licensee that (a) prohibits or otherwise restricts Borrower from granting a security interest in Borrower’s interest in such license or agreement or any other property, or (b) for which a default under or termination of could interfere with Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding Agent’s and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the BorrowersLenders’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the any Collateral. Borrower shall provide written notice to Collateral Agent and Lenders within ten (10) days of entering into or a part thereof pursuant becoming bound by any such license or agreement (other than over-the-counter software that is commercially available to the public). Borrower shall take such steps as Collateral documentation. 8.7. The Assignee has an obligation immediatelyAgent requests to obtain the consent of, but not later than within 5 or waiver by, any Person whose consent or waiver is necessary for (fivex) Business Days from the receipt of Mintos all such licenses or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator agreements to be able deemed “Collateral” and for Collateral Agent and each Lender to execute have a security interest in it that might otherwise be restricted or prohibited by law or by the terms of any such license or, whether now existing or entered into in the future, and (y) Collateral Agent shall have the ability in the event of a liquidation of any Collateral to dispose of such Collateral in accordance with Collateral Agent’s rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos remedies under this Agreement and the other Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regardDocuments.

Collateral. 8.1Borrower has good title, has rights in, and the power to transfer each item of the Collateral upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. This Section 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 as otherwise provided in the Perfection Certificate. None of the components of the Collateral shall be applicable if maintained at locations other than as provided in the Perfection Certificate or as Borrower has given Bank notice pursuant to Section 7.2. 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. All Inventory is expressly indicated among other information about in all material respects of good and marketable quality, free from material defects. Borrower is the Claim sole owner of its owned intellectual property, except for non-exclusive licenses granted to its customers in the Portal. 8.2ordinary course of business. The Loan Originator along with Each patent is valid and enforceable, and no part of the Claim shall not transfer intellectual property has been judged invalid or unenforceable, in whole or in part, and to the Assignee all rights related thereto and existing at the moment best of Borrower’s knowledge, no claim has been made that any part of the assignment arising 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. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any license or other agreement with respect to which Borrower is licensee that prohibits or otherwise restricts Borrower from granting a security interest in Borrower’s interest in such license or agreement or any other property. Borrower shall provide written notice to Bank within ten (10) 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 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. The Assignee understands ” 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 Claim license to Bank if Bank determines that is necessary in its good faith judgment), whether now existing or entered into in the future. Without prior consent from Bank, Borrower shall not enter into, or become bound by, any such license or agreement which is reasonably likely to have a material impact on Borrower’s business or financial condition. Borrower shall take such steps as Bank 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 incorporated in it that might otherwise be restricted or prohibited by law or by the terms of any such license or agreement, whether now existing or entered into in the Collateral is not re-registered in favour of the Assignee and remains registered in favour of the Loan Originatorfuture. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regard.

Collateral. 8.1. This Section shall be applicable if Borrower has good title to, has rights in, and the power to transfer each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no deposit accounts other information about than the Claim deposit accounts with Bank, the Clearing Account, the Trust Account, the Borrower Account, the Investor Account, the deposit accounts, if any, described in the Portal. 8.2Perfection 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 Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and Eligible Loans are bona fide, existing at the moment obligations of the assignment arising from the CollateralLoan Debtors. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate. None of the Assignee and remains registered in favour components of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents Collateral shall be maintained at locations other than as provided in the respective pledge registers. 8.4Perfection Certificate or as Borrower has given Bank notice pursuant to Section 7.2. The Assignee understands and agrees In the event that Borrower, after the Loan Originator during the validity term date hereof, intends to store or otherwise deliver any portion of the Agreement 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. Upon any Transfer permitted under Section 7.1(e) hereof prior to an Event of Default, Bank’s Lien in such assets shall be released without a prior coordination with the Assignee may make any amendments further act of Bank or sign any additional agreements Borrower. Bank shall take all actions reasonably requested by Borrower, at Borrower’s expense, to evidence such release. Bank and Borrower hereby acknowledge and agree that, notwithstanding anything set forth to the contrary herein, (a) the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements include all amounts deposited into the Clearing Account, to the Collateral documents extent that such amounts are proceeds of Financed Loans, and (b) the first priority security interest granted by Borrower to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee Bank pursuant to the Loan Agreement has the right shall at all times remain in full force and effect with respect to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediatelyall proceeds of, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with and any other amounts received in connection with, all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement Financed Loans regardless of the Collateral (if any) and/or other debt collection proceedings against locations of such proceeds and amounts, including, without limitation, any such proceeds and amounts deposited into the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regardClearing Account.

Collateral. 8.1. This Section shall Payment of principal, interest and all other amounts under the notes will be applicable if secured by a first priority perfected security interest (or the Collateral is expressly indicated among other information about the Claim equivalent thereof under Panamanian law) in the Portal. 8.2. The Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and existing at the moment following: (a) 100% of the assignment arising from the Collateral. The Assignee understands that by assignment shares of the Claim security interest incorporated in the Collateral is not re-registered in favour capital stock of the Assignee and remains registered in favour of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee ICA Panama pursuant to the Agreement has Guaranty Trust Agreement; (b) the Assigned Rights; and (c) the Transaction Accounts (as defined below). Under an assigned rights pledge agreement (the “Assigned Rights Pledge Agreement”) the Issuer will create a pledge of the Assigned Rights in favor of the Indenture Trustee, subject to New York law, except that the execution, delivery, grant of a security interest, perfection, priority and enforcement will be governed by Panamanian law. The Indenture Trustee will be entitled to sell, dispose of or otherwise transfer the Assigned Rights without the consent of the Issuer. A sale of the Assigned Rights will, however, require approval from the MOP. See “Risk Factors—Certain Risks Relating to the Notes – Rights under the Indenture with respect to actions that may be taken by the Indenture Trustee if an event of default occurs may be limited.” The Issuer, the Indenture Trustee and each of the financial institutions maintaining a Transaction Account (as hereinafter defined) will enter into an account control agreement (each, a “Control Agreement”) whereby such financial institution will acknowledge that the Indenture Trustee will in specified circumstances have the right to sell provide direction with respect to such account and the Collateral or a assets credited thereto and otherwise control such account. As part thereof pursuant to of the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from arrangements entered into in respect of the receipt of Mintos or Assigned Rights Pledge Agreement and Control Agreement for the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator deposit accounts to be able to execute maintained by the rights and obligations specified Issuer with a financial institution in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against MintosPanama, the Loan Originator Issuer, the Indenture Trustee and the Borrower in this regardBanco General, S.A., as collateral agent, will enter into a collateral agency agreement.

Collateral. 8.1Borrower has good title to the Collateral, free of Liens except Permitted Liens. This Section shall be applicable if Borrower has no deposit account other than the Collateral is expressly indicated among other information about the Claim deposit accounts with Bank and deposit accounts described in the Portal. 8.2Perfection Certificate delivered to Bank in connection herewith. The Loan Originator along with the Claim shall not transfer Except as disclosed to the Assignee all rights related thereto and existing at the moment of the assignment arising from the Collateral. The Assignee understands that by assignment of the Claim security interest incorporated in Bank, the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse). Except as hereafter disclosed to Bank in writing by Borrower, none of the Assignee and remains registered in favour of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement components of the Collateral shall be maintained at locations other than as provided in the Perfection Certificate. 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 acknowledge in writing that the bailee is holding such Collateral for the benefit of Bank. All Inventory is in all material respects of good and marketable quality, free from material defects. Borrower is the sole owner of its intellectual property, except for non-exclusive licenses granted to its customers in the ordinary course of business. To our knowledge, 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. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any material license or other agreement 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 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 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 any) and/or other debt collection proceedings against Bank determines that is necessary in its good faith judgment), whether now existing or entered into in the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regardfuture.

Collateral. 8.1. This Section shall ① It is agreed that any collateral provided or to be applicable if the Collateral is expressly indicated among other information about the Claim in the Portal. 8.2. The Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and existing at the moment of the assignment arising from the Collateral. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour of the Assignee and remains registered in favour of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant Issuer or by a third party to secure the Issuer’s existing or prospective obligation to the Agreement has Purchaser shall be provided as the right joint collateral for all obligations that the Issuer is obligated to pay to the Purchaser under this Agreement. ② In the event of any deterioration of the Issuer’s credit status, or significant decrease of the collateral value due to causes attributable to the Issuer, or any other situation reasonably deemed necessitating the claim preservation measures, the Issuer shall forthwith provide additional collateral and/or any other collateral or a guarantor that the Purchaser approves, at the request of the Purchaser. ③ In principle, the collateral shall be disposed of in accordance with the voluntary auction procedures under the Civil Execution Act; however, in any of the following cases, the creditor may apply the collateral directly to the repayment of obligations or sell the Collateral collateral and apply the proceeds from the sale, which remains after deduction of relevant expenses, to the repayment of obligations in accordance with Article 13 of the General Terms and Conditions. In such case, the creditor shall pay to the Debtor, etc. the appraised value or sales proceeds of the collateral after deducting the amount of the creditor’s claims therefrom. The “Debtor, etc.” herein means the debtor, the person who establishes security or a part thereof pursuant third party who acquires the collateral: 1. If the value of the collateral is low and implementation of an auction at a high cost is unreasonable; 2. If there are circumstances under which it is difficult to obtain a fair price at an auction; 3. If a fair market value is present and thus a fair price can be calculated without implementing an action; or 4. Where there is a ground otherwise commensurate with No.1 through No.3 ④ If the voluntary auction procedures are not implemented, the creditor shall notify the Debtor, etc. and any interested party known to the Collateral documentation. 8.7. The Assignee has creditor of the following, and may dispose of the collateral only if the interested party fails to propose a method by which the collateral may be disposed of at an obligation immediately, but not later than within 5 expected sale price calculated by the creditor or more with one (five1) Business Days month from the receipt of Mintos date when the notice is given, except that the collateral may be destructed or damaged or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement value of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regard.collateral may be sharply reduced:

Collateral. 8.1. This Section shall be applicable if Borrower has good title to each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ under the applicable Debenture and under the applicable Share Charge, free and clear of any and all Liens except Permitted Liens. Borrower has no deposit accounts other information about than the Claim deposit accounts with Bank, the deposit accounts, if any described in the Portal. 8.2Perfection 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 Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and Accounts are bona fide, existing at the moment obligations of the assignment arising from the CollateralAccount Debtors. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate. None of the Assignee and remains registered in favour of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement components of the Collateral shall be maintained at locations other than as provided in the Perfection Certificate or as permitted pursuant to Section 7.2. In the event that Borrower, after the date hereof, intends to store or otherwise deliver any portion of the Collateral in excess of One Hundred Thirty Thousand Dollars (if any$130,000.00) and/or other debt collection proceedings against in the aggregate 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. All Inventory is in all material respects of good and marketable quality, free from material defects. Borrower is the sole owner of the Intellectual Property which it owns or purports to own except for (a) non-exclusive licenses granted to its customers in the ordinary course of business, (b) over-the-counter software that is commercially available to the public, and (c) material Intellectual Property licensed to Borrower and noted on the Perfection Certificate. Each Patent which it owns or purports to own and which is material to Borrower’s business is to the knowledge of Borrower, valid and enforceable, and no part of the Intellectual Property which Borrower owns or purports to own and which is material to Borrower’s business, taken as a whole, has been judged invalid or unenforceable, in whole or in part. The Assignee shall To 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 would not make have a material adverse effect on Borrower’s business, taken as a whole. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is it bound by, any complaints against Mintos, the Loan Originator and the Borrower in this regardRestricted License.

Collateral. 8.1. This Section shall be applicable if Borrower has good title to, has rights in, and the power to transfer each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder and under the Security Documents, free and clear of any and all Liens except Permitted Liens. Borrower has no deposit accounts other information about than the Claim deposit accounts with Bank, the deposit accounts, if any described in the Portal. 8.2Perfection Certificate delivered to Bank in connection herewith, or of which Borrower has given Bank notice and, upon Bank’s request, taken such actions as are necessary to give Bank a perfected security interest therein. The Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and Accounts are bona fide, existing at the moment obligations of the assignment arising from the CollateralAccount Debtors. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate. None of the Assignee and remains registered in favour of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement components of the Collateral (if any) and/or shall be maintained at locations other debt collection proceedings against than as provided in the Perfection Certificate or as permitted pursuant to Section 7.2. In the event that Borrower, after the date hereof, intends to store or otherwise deliver any portion of the Collateral with an aggregate value in excess of $50,000 to a bailee, and such bailee and Bank are not already parties to a bailee agreement covering both the Collateral and the location where the Collateral will be stored, 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. The Assignee provisions of this paragraph shall not make apply to Demonstration Systems delivered to Borrower’s customers or prospective customers in the ordinary course of business. All Inventory is in all material respects of good and marketable quality, free from material defects. Borrower is the sole owner of the Intellectual Property which it owns or purports to own except for (a) non-exclusive licenses granted to its customers in the ordinary course of business, (b) over-the-counter software that is commercially available to the public, and (c) material Intellectual Property licensed to Borrower and noted on the Perfection Certificate. Each Patent which it owns or purports to own and which is material to Borrower’s business, taken as a whole, is valid and enforceable, and no part of the Intellectual Property which Borrower owns or purports to own and which is material to Borrower’s business, taken as a whole, has been judged invalid or unenforceable, in whole or in part. To the best of Borrower’s knowledge, no claim has been made that any complaints against Mintospart of the Intellectual Property violates the rights of any third party except to the extent such claim would not have a material adverse effect on Borrower’s business, taken as a whole. Except as noted on the Loan Originator and the Perfection Certificate, Borrower in this regardis not a party to, nor is it bound by, any Restricted License.

Collateral. 8.1. This Section shall be applicable if Borrower has good title to each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no deposit accounts other information about than the Claim deposit accounts with Bank, the deposit accounts, if any described in the Portal. 8.2Perfection 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 Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and Accounts are bona fide, existing at the moment obligations of the assignment arising from the CollateralAccount Debtors. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate. None of the Assignee and remains registered in favour of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement components of the Collateral shall be maintained at locations other than as provided in the Perfection Certificate or as permitted pursuant to Section 7.2. In the event that Borrower, or any of its Subsidiaries, after the date hereof, intends to store or otherwise deliver any portion of the Collateral in excess of One Hundred Thirty Thousand Dollars (if any$130,000.00) and/or other debt collection proceedings against in the aggregate 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. All Inventory is in all material respects of good and marketable quality, free from material defects. Borrower is the sole owner of the Intellectual Property which it owns or purports to own except for (a) non-exclusive licenses granted to its customers in the ordinary course of business, (b) over-the-counter software that is commercially available to the public, and (c) material Intellectual Property licensed to Borrower and noted on the Perfection Certificate. Each Patent which it owns or purports to own and which is material to Borrower’s business is to the knowledge of Borrower, valid and enforceable, and no part of the Intellectual Property which Borrower owns or purports to own and which is material to Borrower’s business, taken as a whole, has been judged invalid or unenforceable, in whole or in part. The Assignee shall To 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 would not make have a material adverse effect on Borrower’s business, taken as a whole. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is it bound by, any complaints against Mintos, the Loan Originator and the Borrower in this regardRestricted License.

Collateral. 8.1. This Section shall be applicable if Borrower has good title to, has rights in, and the power to transfer each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no deposit accounts other information about than the Claim deposit accounts with Bank, the deposit accounts, if any, described in the Portal. 8.2Perfection 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 Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and Accounts are bona fide, existing at the moment obligations of the assignment arising Account Debtors. All Inventory is in all material respects of good and marketable quality, free from the Collateralmaterial defects. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate. None of the Assignee and remains registered in favour components of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents Collateral shall be maintained at locations other than as provided in the respective pledge registers. 8.4Perfection Certificate or as permitted pursuant to Section 7.2. The Assignee understands and agrees In the event that Borrower, after the Loan Originator during the validity term date hereof, intends to store or otherwise deliver any portion of the Agreement without Collateral to a prior coordination 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. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any material license or other agreement with respect to which Borrower is the Assignee may make licensee (a) that prohibits or otherwise restricts Borrower from granting a security interest in Borrower’s interest in such license or agreement or any amendments other property, or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents (b) for which a default under or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests termination of the Assignee could interfere with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the Bank’s right to sell any Collateral. Without prior consent from Bank, Borrower shall not enter into, or become bound by, any such license or agreement which is reasonably likely to have a material impact on Borrower’s business or financial condition. Borrower shall take such steps as Bank requests to obtain the Collateral consent of, or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediatelywaiver by, but not later than within 5 (five) Business Days from the receipt of Mintos any person whose consent or the Loan Originator’s request to provide Mintos waiver is necessary for all such licenses or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator contract rights to be able deemed “Collateral” and for Bank to execute have a security interest in it that might otherwise be restricted or prohibited by law or by the rights and obligations specified terms of any such license or agreement, whether now existing or entered into in the Agreementfuture. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regard.

Collateral. 8.1. This Section shall be applicable if Borrower has good title to, has rights in, and the power to transfer each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no deposit accounts other information about than the Claim deposit accounts with Bank, the deposit accounts, if any, described in the Portal. 8.2Perfection 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 Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and Accounts are bona fide, existing at the moment obligations of the assignment arising from the CollateralAccount Debtors. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate. None of the Assignee and remains registered in favour components of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents Collateral shall be maintained at locations other than as provided in the respective pledge registers. 8.4Perfection Certificate or as permitted pursuant to Section 7.2. The Assignee understands and agrees In the event that Borrower, after the Loan Originator during the validity term date hereof, intends to store or otherwise deliver any portion of the Agreement without Collateral to a prior coordination 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. To the best of Borrower’s knowledge, Borrower is the sole owner of its Intellectual Property, except for non-exclusive licenses granted to its customers in the ordinary course of business. 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 of Borrower’s products, services or processes violate 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. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any material license or other agreement with respect to which Borrower is the licensee (a) that prohibits or otherwise restricts Borrower from granting a security interest in Borrower’s interest in such license or agreement or any other property, or (b) for which a default under or termination of could interfere with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the Bank’s right to sell the Collateral any Collateral. Borrower shall provide written notice to Bank within thirty (30) days of entering or a part thereof pursuant becoming bound by any such license or agreement (other than over-the-counter software that is commercially available to the Collateral documentation. 8.7public). The Assignee has an obligation immediatelyBorrower shall take such steps as Bank requests to obtain the consent of, but not later than within 5 or waiver by, any person whose consent or waiver is necessary for (fivex) Business Days from the receipt of Mintos all such licenses or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator agreements to be able deemed “Collateral” and for Bank to execute 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, whether now existing or entered into in the future, and (y) Bank to have the ability in the event of a liquidation of any Collateral to dispose of such Collateral in accordance with Bank’s rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos remedies under this Agreement and the other Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regardDocuments.

Collateral. 8.1(a) Each Issuer has good title to, has rights in, and the power to transfer each item of the Collateral upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder and under the other Note Documents, free and clear of any and all Liens except Permitted Liens. This The Issuers have no Deposit Accounts, Securities Accounts or Commodities Accounts other than the Deposit Accounts, Securities Accounts and Commodities Accounts described in the Perfection Certificates delivered to Note Agent in connection herewith. From and after the date that is 30 days after the date of this Agreement (or such later date as extended by Note Agent in its sole discretion pursuant to Section 6.15(b)), the Issuers will have taken such actions as are necessary to grant Note Agent for the benefit of itself and the Purchasers a perfected security interest in all Deposit Accounts, Securities Accounts or Commodities Accounts, except for Excluded Accounts. The Accounts are bona fide, existing obligations of the Account Debtors. The Indebtedness related to that certain UCC-1 financing statement filed with the Delaware Department of State on January 10, 2007 with the initial filing number of 2007 0136019 by General Electric Capital Corporation against Comverge has been paid in full, no letters of credit issued in connection therewith remain outstanding and all commitments to extend credit related to such Indebtedness have been permanently terminated. (b) The Collateral is not in the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificates. None of the components of the Collateral shall be applicable if maintained at locations other than as provided in the Perfection Certificates or as permitted pursuant to Section 7.2. In the event that any Issuer, after the date hereof, intends to store or otherwise deliver any portion of the Collateral with an aggregate value in excess of Five Hundred Thousand Dollars ($500,000) to a bailee, then such Issuer will obtain a bailee agreement executed by such bailee in form and substance reasonably satisfactory to Note Agent and deliver the same to Note Agent. (c) Each Note Party is expressly indicated among other information about the Claim sole owner of all intellectual property that is material to its business, except for non-exclusive licenses granted to its customers in the Portal. 8.2ordinary course of business. The Loan Originator along Each patent owned by any Note Party is valid and enforceable, and no part of the intellectual property owned by each Note Party has been judged invalid or unenforceable, in whole or in part, and to the best of the Issuers’ 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 invalidity, unenforceability or claim could not reasonably be expected to cause a Material Adverse Change. Except as noted on the applicable Perfection Certificate, each Issuer is not a party to, nor is bound by, any material license or other agreement with respect to which any Issuer is the licensee (i) that prohibits or otherwise restricts any Issuer from granting a security interest in such Issuer’s interest in such license or agreement or any other property, or (ii) for which a default under or termination of could interfere with the Claim shall not transfer Note Agent’s right to the Assignee all rights related thereto and existing at the moment of the assignment arising from the sell any Collateral. The Assignee understands Issuers shall provide written notice to Note Agent within thirty (30) days of entering or becoming bound by any such license or agreement (other than over-the-counter software that by assignment is commercially available to the public). The Issuers shall take such steps as Note Agent requests to obtain the consent of, or waiver by, any person whose consent or waiver is necessary for (y) all such licenses or agreements to be deemed “Collateral” and for Note Agent (for the benefit of itself and the Claim Purchasers) to have a security interest incorporated in it that might otherwise be restricted or prohibited by law or by the terms of any such license or agreement, whether now existing or entered into in the Collateral is not re-registered in favour of future, and (z) Note Agent to have the Assignee and remains registered in favour of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents ability in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term event of the Agreement without a prior coordination liquidation of any Collateral to dispose of such Collateral in accordance with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate Note Agent’s and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the BorrowersPurchasers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos remedies under this Agreement and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regardNote Documents.

Collateral. 8.113.3.1. This Filene’s agrees that upon receipt of written notice from Supplier’s Lender referring to this Section 13, Filene’s will hold Supplier’s Proceeds from the Collateral for the account of Supplier’s Lender and subject to Supplier’s Lender’s instructions and shall release such proceeds only to Supplier’s Lender or as otherwise directed by a court. Any such payments shall be applicable if made free of any set-off, reduction, or counterclaim, (including, without limitation, any set-off, reduction or counterclaim based upon any alleged breach by Supplier of this Agreement). Supplier agrees to indemnify and hold harmless Filene’s for complying with any notice purporting to be the written notice of Supplier’s Lender. 13.3.2. Upon receipt of Lender’s Default Notice (as defined below), Filene’s agrees to provide Supplier’s Lender with all reasonably requested reporting regarding the Collateral that it would otherwise provide to Supplier. 13.3.3. Filene’s agrees that, in addition to its obligations under this Section 13, upon receipt of written notice from Supplier’s Lender (“Lender’s Default Notice”) referring to this Section 13.3 that represents to Filene’s that there is expressly indicated among other information about the Claim occurrence and continuance of a default under the financing arrangements between Supplier and Supplier’s Lender and stating the intent of Supplier’s Lender to exercise its remedies as a result of the occurrence of such default, such Lender’s Default Notice shall constitute a termination of the Supply Right and Filene’s shall hold the Supplier’s Proceeds for the account of Supplier’s Lender and subject to the instructions of Supplier’s Lender. In that regard, Supplier’s Lender may elect to immediately remove the Collateral or it may sell the then existing inventory of Collateral Merchandise subject to Section 7.5 for a period of up to ninety (90) days after Filene’s receipt of Lender’s Default Notice (but in no event later than the then current termination date of this Agreement) and in connection with such sale, Filene’s shall comply with its obligations under this Agreement to the same extent as if Supplier’s Lender were the Supplier. At the end of such sale, and subject to the provisions of Section 5 hereof, the Supplier’s Lender may repossess and remove any remaining Collateral from the Filene’s locations, as Supplier’s Lender in its discretion may elect; provided, however, that Supplier’s Lender agrees to the removal of such Collateral only in accordance with such reasonable limitations on the time and manner of such removal as Filene’s shall require which limitations are intended to avoid disruption of Filene’s normal operations or any possible confusion in the Portal. 8.2mind of the public as to whether any of Filene’s assets are being removed. The Loan Originator along In connection with any sale of the Claim Collateral Merchandise from Filene’s premises, all advertising with respect to such sale shall be subject to the prior approval of Filene’s (which approval shall not transfer be unreasonably withheld and given promptly so as not to unreasonably delay the Assignee all rights related thereto and existing at exercise of Supplier’s Lender’s rights). Filene’s shall not be deemed to have failed to have acted in good faith or unreasonably withheld approval by refusing to approve any advertising which refers to any “going out of business sale”, “liquidation” or similar terms or which could create any possible confusion in the moment mind of the assignment public as to whether any of Filene’s assets are being liquidated. Upon any removal of the Collateral in accordance with this Agreement, Supplier’s Lender shall not be liable for any diminution in the value of Filene’s business which is caused by the termination of the Supply Right or the removal or absence of the Collateral; provided however, Supplier’s Lender does hereby agree to indemnify and hold harmless Filene’s from (i) all damages and costs of defense (including reasonable attorneys’’ fees) arising from the Collateralclaims of any and all third parties, including, without limitation, Supplier, against Filene’s for complying with any directions of Supplier’s Lender, except to the extent Filene’s is finally determined by a court of competent jurisdiction to have committed willful misconduct or to have acted in a grossly negligent manner or in actual bad faith; and (ii) any costs, damages or expenses to Filene’s tangible property or third party claims for personal injury arising as a result of Supplier’s Lender exercising its rights hereunder. 13.3.4. The Assignee understands that by assignment Nothing contained herein shall obligate Supplier’s Lender to undertake any such action, nor shall anything contained herein constitute the Supplier’s Lender’s assumption of any obligations of the Claim security interest incorporated in Supplier under this Agreement. However, to the extent and during the period of Supplier’s Lender’s exercise of control over the Collateral is not re-registered while in favour of Filene’s stores, Supplier’s Lender agrees to abide by the Assignee and remains registered in favour of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements terms hereof as they relate to the Collateral documentationand Filene’s right to its 20% split of the Net Sales. 13.3.5. The Assignee Filene’s will provide to the Supplier’s Lender, as and when forwarded or furnished to the Supplier, a copy of any formal notice of any breach by Supplier (with the same degree of particularity as Filene’s provides Supplier) of this Agreement given by Filene’s to the Supplier and any notice of termination of this Agreement. Filene’s acknowledges that Supplier’s Lender shall recognize have the right but not the obligation to cure any such amendments to Collateral documents or additional agreements as binding and not make any complaints breach within the time frames and/or conditions set forth in this regard. The Loan Originator undertakes by making amendments or signing additional agreements Agreement which are otherwise applicable to the Collateral documents to act in the interests of the Assignee with due careSupplier. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regard.

Collateral. 8.1. This Section shall be applicable if (a) Except as set forth on Schedule 3.16(a), no financing statement, mortgage, notice of judgment or any other similar instrument covering all or any part of the Collateral is expressly indicated among other information about and naming the Claim Company or any Company Subsidiary or any predecessor in the Portal. 8.2. The Loan Originator along title with the Claim shall not transfer to the Assignee all rights related thereto and existing at the moment of the assignment arising from the Collateral. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour of the Assignee and remains registered in favour of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements respect to the Collateral documentationas debtor is on file in any applicable public office except those that may have been filed by the Company and the Company Subsidiaries in favor of Purchasers pursuant to this Agreement or those that relate to Permitted Liens. (b) The Company and the Company Subsidiaries are the sole and lawful owners of all Collateral, free and clear of any and all Liens, except for the Liens granted or allowed under this Agreement and Permitted Liens. (c) Upon appropriate financing statements having been filed in the jurisdictions listed on Schedule 3.16(c) attached hereto, this Agreement is and will be effective to create a valid and perfected first priority Lien on and first priority perfected security interest in (subject to any Permitted Liens) the Collateral as to which filing is a permitted method of perfection, securing the payment to Purchasers and performance of the Subordinated Obligations. Assuming the filing of appropriate financing statements in the jurisdictions listed on Schedule 3.16(c) attached hereto, all filings and other actions necessary to perfect and protect Purchasers' security interests have been duly taken, and those security interests are enforceable against creditors and purchasers from the Company and the Company Subsidiaries. The Assignee shall recognize such amendments Company agrees to Collateral documents or additional agreements as binding cooperate fully with Purchasers and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents take all actions reasonably necessary to act assist Purchasers in the interests filing and perfection of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee security interests created pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the this Agreement. 8.8. (d) The Assignee understands Company and is informed that Mintos each Company Subsidiary's principal place of business, chief executive office and the Loan Originator place where its records concerning the Collateral are kept is located at its address as set forth on Schedule 3.16(d) attached hereto. (e) The Accounts are bona fide existing obligations created by the rendition of services to Account Debtors in the ordinary course of the applicable Borrower's business, unconditionally owed to the Company or the Company Subsidiary, as applicable, without defenses, disputes, offsets, counterclaims or rights of return or cancellation that are not obliged to disclose to generally granted within the Assignee the information and/or documents related to the enforcement industry of the Collateral (if any) and/or other debt collection proceedings against Company or such Company Subsidiary. Neither the Borrower. The Assignee shall not make Company nor any complaints against MintosCompany Subsidiary has received notice of actual or imminent bankruptcy, insolvency or material impairment of the Loan Originator and the Borrower in this regardfinancial condition of any Account Debtor regarding any Account.

Collateral. 8.1Borrower has good title to, has rights in, and the power to transfer each item of the Collateral upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. This Section shall be applicable 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. Other than with respect to Consigned Collateral, none of the Collateral is expressly indicated among other information about the Claim in the Portal. 8.2possession of any third party bailee. The Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and existing at the moment None of the assignment arising from the Collateral. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour of the Assignee and remains registered in favour of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement components of the Collateral (if anyother than the Consigned Collateral) and/or shall be maintained at locations other debt collection proceedings against than as provided in the Perfection Certificate or as Borrower has given Bank notice pursuant to Section 7.2. In the event that Borrower, after the date hereof, intends to store or otherwise deliver any portion of the Collateral (other than the Consigned Collateral) to a bailee, then Borrower will first receive the written consent of Bank, such consent not to be unreasonably withheld, and such bailee must execute and deliver a bailee agreement in form and substance satisfactory to Bank in its sole discretion. The Assignee For each Account with respect to which Revolving Advances are requested, on the date each Revolving Advance is requested and made, such Account shall be an Eligible Account. All statements made and all unpaid balances appearing in all invoices, instruments and other documents evidencing the Eligible Accounts are and shall be true and correct and all such invoices, instruments and other documents, and all of each Borrower’s Books are genuine and in all respects what they purport to be. Whether or not make an Event of Default has occurred and is continuing, Bank may notify any complaints against MintosAccount Debtor owing a Borrower money of Bank’s security interest in such funds and verify the amount of such Eligible Account. All sales and other transactions underlying or giving rise to each Eligible Account shall comply in all material respects with all applicable laws and governmental rules and regulations. No Borrower has any actual knowledge of any actual or imminent Insolvency Proceeding of any Account Debtor whose accounts are Eligible Accounts in any Transaction Report. To the best of each Borrower’s knowledge, all signatures and endorsements on all documents, instruments, and agreements relating to all Eligible Accounts are genuine, and all such documents, instruments and agreements are legally enforceable in accordance with their terms. All Inventory is in all material respects of good and marketable quality, free from material defects. For any item of Inventory consisting of Eligible Inventory in any Transaction Report, such Inventory (i) consists of finished goods, in good, new, and salable condition, which is not perishable, returned, consigned, obsolete, not sellable, damaged, or defective, and is not comprised of demonstrative or custom inventory, works in progress, packaging or shipping materials, or supplies; (ii) meets all applicable governmental standards; (iii) has been manufactured in compliance with the Fair Labor Standards Act; (iv) is not subject to any Liens, except the first priority Liens granted or in favor of Bank under this Agreement or any of the other Loan Originator Documents; and (v) is located at the locations identified by Borrower in the Perfection Certificate where it maintains Inventory (or any location permitted under Section 7.2). Borrower is the sole owner of its intellectual property, except for non-exclusive licenses granted to its customers in the ordinary course of business. Except as set forth in the Perfection Certificate, to the best of Borrower’s knowledge 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. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any material license or other agreement with respect to which Borrower is the licensee (a) that prohibits or otherwise restricts Borrower from granting a security interest in Borrower’s interest in such license or agreement or any other property, or (b) for which a default under or termination of could interfere with Bank’s right to sell any Collateral. Borrower shall provide written notice to Bank within ten (10) days of entering or becoming bound by any such license or agreement (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 (x) all such licenses or agreements 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, whether now existing or entered into in the future, and (y) Bank to have the ability in the event of a liquidation of any Collateral to dispose of such Collateral in accordance with Bank’s rights and remedies under this Agreement and the Borrower in this regardother Loan Documents.

Collateral. 8.1. This Section shall be applicable if Borrower has good title to, has rights or leasehold interests in, and the power to transfer each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no deposit accounts other information about than the Claim deposit accounts with Bank, the deposit accounts, if any, described in the Portal. 8.2Perfection 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 Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and Accounts are bona fide, existing at the moment obligations of the assignment arising from the CollateralAccount Debtors. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate. None of the Assignee and remains registered in favour of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement components of the Collateral (if any) and/or shall be maintained at locations other debt collection proceedings against than as provided in the Perfection Certificate; provided that Borrower may maintain at any location not more than $100,000 in the aggregate of inventory or equipment in transit, equipment used by employees at off-site locations or other such Collateral. 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. The Assignee shall Borrower owns, or is licensed to use, or could obtain ownership or rights to use on terms not make any complaints against Mintosmaterially adverse to it, the Loan Originator intellectual property necessary for the conduct of its business as currently conducted. To the knowledge of Borrower, each patent owned by Borrower is valid and enforceable, and no part of the intellectual property owned by Borrower has been judged invalid or unenforceable, in this regardwhole or in part, and to the best of Borrower’s knowledge, no claim has been made that the use by Borrower of its 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. Except as noted on the Perfection Certificate (as updated from time to time by notice to Bank) and other than over-the-counter software that is commercially available to the public, Borrower is not a party to, nor is bound by, any material license or other agreement 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 license or agreement or any other property except to the extent such prohibition on assignment is subject to 9-406(d) or 9-408 the Code. Borrower shall provide written notice to Bank within ten (10) days of entering or becoming bound by any such material license or agreement (other than over-the-counter software that is commercially available to the public). Other than those listed on Schedule 5.2, Borrower does not own or hold any certificated securities.

Collateral. 8.1. This Section shall be applicable if Borrower has good title to, has rights in, and the power to transfer each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no deposit accounts other information about than the Claim deposit accounts with Bank, the deposit accounts, if any, described in the Portal. 8.2Perfection 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 Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and Accounts are bona fide, existing at the moment obligations of the assignment arising from the CollateralAccount Debtors. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate. None of the Assignee and remains registered in favour of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement components of the Collateral (if any) and/or shall be maintained at locations other debt collection proceedings against than as provided in the Perfection Certificate. In the event that Borrower. The Assignee , 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; provided, however, that notwithstanding the foregoing, Borrower shall not make be required to obtain the consent of Bank and shall not be required to obtain a bailee agreement with respect to (i) any complaints against Mintosdemonstration equipment that is delivered to any of Borrower’s customers in the ordinary course of business provided that the value of such equipment does not exceed Three Million Five Hundred Dollars ($3,500,000) in the aggregate and (ii) any raw materials and inventory located at various vendor and contract manufacturer sites pursuant to supply and/or manufacturing agreements. Except as otherwise disclosed to Bank in writing, Borrower is the Loan Originator sole owner of its intellectual property, except for (i) intellectual property licensed from third parties, (ii) non-exclusive licenses granted to its distributors and customers in the ordinary course of business and 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. To the best of Borrower’s knowledge, each patent is valid and enforceable, and except for patents in re-examination proceedings in the U.S. Patent and Trademark Office, 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. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any material license or other material agreement with respect to which Borrower is the licensee of intellectual property that prohibits or otherwise restricts Borrower from granting a security interest in Borrower’s interest in such license or agreement. Borrower shall provide written notice to Bank within ten (10) days of entering or becoming bound by any such license or agreement (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 (x) all such licenses or agreements 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, whether now existing or entered into in the future, and (y) Bank to have the ability in the event of a liquidation of any Collateral to dispose of such Collateral in accordance with Bank’s rights and remedies under this Agreement and the Borrower in this regardother Loan Documents.

Collateral. 8.1. This Section shall be applicable if (a) Borrower and each its Subsidiaries have good title to, have rights in, and the power to transfer each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ under the Loan Documents, free and clear of any and all Liens except Permitted Liens and, prior to the Funding Date of the initial Credit Extension, Liens securing Existing Indebtedness, and neither Borrower nor any of its Subsidiaries have any Deposit Accounts, Securities Accounts, Commodity Accounts or other information about investment accounts other than the Claim Collateral Accounts or the other investment accounts, if any, described in the PortalPerfection Certificates delivered to Collateral Agent in connection herewith with respect of which Borrower or such Subsidiary has given Collateral Agent notice and taken such actions as are necessary to give Collateral Agent a perfected security interest therein. The Accounts are bona fide, existing obligations of the Account Debtors. 8.2(b) The Eligible Accounts are bona fide existing obligations. The Loan Originator along with the Claim shall not transfer property or services giving rise to such Eligible Accounts has been delivered or rendered to the Assignee Account Debtor or its agent for immediate shipment to and unconditional acceptance by the Account Debtor. Borrower has not received notice of an actual or imminent Insolvency Proceeding of any Account Debtor whose accounts are included in any Borrowing Base Certificate as an Eligible Account. No licenses or agreements giving rise to such Eligible Accounts is with any Prohibited Territory or with any Person organized under or doing business in a Prohibited Territory. All Inventory is in all rights related thereto material respects of good and existing at the moment merchantable quality, free from all material defects, except for Inventory for which adequate reserves have been made. (c) The security interest granted herein, which shall become effective as of the assignment arising from Funding Date of the first Credit Extension made under this Agreement, once effective shall at all times continue to be a first priority perfected security interest in the Collateral. The Assignee understands , subject only to Permitted Liens that are permitted by assignment the terms of this Agreement to have priority to Collateral Agent’s Lien. (d) On the Claim security interest incorporated in Effective Date, and except as disclosed on the Perfection Certificate (i) the Collateral is not re-registered in favour of the Assignee and remains registered in favour of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands possession of any third party bailee, and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize (ii) no such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement third party bailee possesses components of the Collateral in excess of Two Hundred Fifty Thousand Dollars (if any$250,000.00). (e) and/or All Inventory and Equipment is in all material respects of good and marketable quality, free from material defects. (f) Borrower and each of its Subsidiaries is the sole owner of the Intellectual Property each respectively purports to own, free and clear of all Liens other debt collection proceedings against than Permitted Liens and, prior to the BorrowerFunding Date of the initial Credit Extension, Liens securing Existing Indebtedness. The Assignee shall not make Except as noted on the Perfection Certificates delivered to Collateral Agent as of the Effective Date, and as updated from time to time with respect hereto in accordance with the terms hereof, neither Borrower nor any complaints against Mintosof its Subsidiaries is a party to, the Loan Originator and the Borrower in this regardnor is bound by, any material license or other Material Agreement.

Collateral. 8.1. This Section shall be applicable if Borrower has good title to, has rights in, and the power to transfer each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no deposit accounts other information about than (i) the Claim deposit accounts with Bank, (ii) the deposit accounts, if any, described in the Portal. 8.2Perfection Certificate delivered to Bank in connection herewith, or (iii) the deposit accounts of which Borrower has given Bank notice and taken such actions as are necessary to give Bank a perfected security interest therein. The Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and existing at the moment of the assignment arising from the Collateral. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate. Without the prior consent of the Assignee and remains registered in favour Bank, none of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement components of the Collateral (if any) and/or shall be maintained at locations other debt collection proceedings against than as provided in the Perfection Certificate or as permitted pursuant to Section 7.2. 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 reasonable determination after consultation with Borrower. The Assignee shall Borrower is the sole owner of the Intellectual Property which it owns or purports to own except for (a) non-exclusive licenses granted to its customers in the ordinary course of business, (b) over-the-counter software that is commercially available to the public, and (c) material Intellectual Property licensed to Borrower and noted on the Perfection Certificate. Each Patent which it owns or purports to own and which is material to Borrower’s business is valid and enforceable, and no part of the Intellectual Property which Borrower owns or purports to own and which is material to Borrower’s business has been judged invalid or unenforceable, in whole or in part. 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 would not make reasonably be expected to have a material adverse effect on Borrower’s business. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is it bound by, any complaints against Mintos, the Loan Originator and the Borrower in this regardRestricted License.

Collateral. 8.1. This Section shall be applicable if Each Borrower has good title to, has rights in, and the power to transfer each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. No Borrower has deposit accounts other information about than the Claim deposit accounts with Bank, the deposit accounts, if any, described in the Portal. 8.2Perfection Certificate delivered to Bank in connection herewith, or of which such Borrower has given Bank notice and taken such actions as are necessary to give Bank a perfected security interest therein. The Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and existing at the moment of the assignment arising from the Collateral. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate. None of the Assignee and remains registered in favour components of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents Collateral shall be maintained at locations other than as provided in the respective pledge registers. 8.4Perfection Certificate or as permitted pursuant to Section 7.2. The Assignee understands and agrees In the event that any Borrower, after the Loan Originator during the validity term date hereof, intends to store or otherwise deliver any portion of the Agreement without Collateral to a prior coordination bailee, then such 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. Each Borrower is the sole owner of its intellectual property, except for non-exclusive licenses granted to its customers in the ordinary course of business. 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 such 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 a Borrower’s business. Except as noted on the Perfection Certificate, no Borrower is a party to, or is bound by, any material license or other agreement with respect to which such Borrower is the licensee (a) that prohibits or otherwise restricts such Borrower from granting a security interest in such Borrower’s interest in such license or agreement or any other property, or (b) for which a default under or termination of could interfere with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the Bank’s right to sell the Collateral any Collateral. Borrowers shall provide written notice to Bank within ten (10) days of entering or a part thereof pursuant becoming bound by any such license or agreement (other than over-the-counter software that is commercially available to the Collateral documentation. 8.7public). The Assignee has an obligation immediatelyBorrowers shall take such steps as Bank requests to obtain the consent of, but not later than within 5 or waiver by, any person whose consent or waiver is necessary for (fivex) Business Days from the receipt of Mintos all such licenses or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator agreements to be able deemed “Collateral” and for Bank to execute 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, whether now existing or entered into in the future, and (y) Bank to have the ability in the event of a liquidation of any Collateral to dispose of such Collateral in accordance with Bank’s rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos remedies under this Agreement and the other Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regardDocuments.

Collateral. 8.1Borrower has good title to the Collateral, free of Liens except Permitted Liens. This Section Borrower has no deposit account other than the deposit accounts with Bank and deposit accounts described in the Perfection Certificate delivered to Bank in connection herewith. The Collateral is not in the possession of any third party bailee (such as a warehouse). Except as hereafter disclosed to Bank in writing by Borrower, none of the components of the Collateral shall be applicable if maintained at locations other than as provided in the Perfection Certificate. 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 acknowledge in writing that the bailee is expressly indicated among other information about holding such Collateral for the Claim benefit of Bank. All Inventory is in all material respects of good and marketable quality, free from material defects. Borrower is the sole owner of its intellectual property, except for non-exclusive licenses granted to its customers in the Portal. 8.2ordinary course of business. The Loan Originator along with Each patent is valid and enforceable and no part of the Claim shall not transfer intellectual property has been judged invalid or unenforceable, in whole or in part, and to the Assignee all rights related thereto and existing at the moment best of Borrower’s knowledge, no claim has been made that any part of the assignment arising intellectual property violates the rights of any third party. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any material license or other agreement 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 license or agreement or any other property. Borrower shall provide written notice to Bank within ten (10) 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 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. The Assignee understands ” 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 Claim security interest incorporated license to Bank if Bank determines that is necessary in its good faith judgment), whether now existing or entered into in the Collateral is not re-registered in favour of the Assignee and remains registered in favour of the Loan Originatorfuture. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regard.

Collateral. 8.1. This Section shall be applicable if Borrower has good title to, has rights in, and the power to transfer each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no deposit accounts other information about than the Claim deposit accounts with Bank, the deposit accounts, if any, described in the Portal. 8.2Perfection 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 Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and Accounts are bona fide, existing at the moment obligations of the assignment arising from the CollateralAccount Debtors. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate. None of the Assignee and remains registered in favour components of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents Collateral shall be maintained at locations other than as provided in the respective pledge registers. 8.4Perfection Certificate, unless Borrower has given Bank written notice of such other locations. The Assignee understands and agrees In the event that Borrower, after the Loan Originator during the validity term date hereof, intends to store or otherwise deliver any portion of the Agreement without Collateral to a prior coordination 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. All Inventory is in all material respects of good and marketable quality, free from material defects. Borrower is the sole owner of its intellectual property, except for non-exclusive licenses granted to its customers in the ordinary course of business. 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. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any material license or other agreement with respect to which Borrower is the licensee (a) that prohibits or otherwise restricts Borrower from granting a security interest in Borrower’s interest in such license or agreement or any other property, or (b) for which a default under or termination of could interfere with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the Bank’s right to sell the Collateral any Collateral. Borrower shall provide written notice to Bank within ten (10) days of entering or a part thereof pursuant becoming bound by any such license or agreement (other than over-the-counter software that is commercially available to the Collateral documentation. 8.7public). The Assignee has an obligation immediatelyBorrower shall take such steps as Bank requests to obtain the consent of, but not later than within 5 or waiver by, any person whose consent or waiver is necessary for (fivex) Business Days from the receipt of Mintos all such licenses or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator agreements to be able deemed “Collateral” and for Bank to execute 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, whether now existing or entered into in the future, and (y) Bank to have the ability in the event of a liquidation of any Collateral to dispose of such Collateral in accordance with Bank’s rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos remedies under this Agreement and the other Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regardDocuments.

Collateral. 8.1Borrower has good title to, has rights in, and the power to transfer each item of the Collateral upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. This Section 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 as otherwise provided in the Perfection Certificate and except with respect to mobile equipment in possession of employees with an aggregate value not exceeding Fifty Thousand Dollars ($50,000.00). None of the components of the Collateral shall be applicable if maintained at locations other than as provided in the Perfection Certificate or as Borrower has given Bank notice pursuant to Section 7.2, except for mobile equipment in possession of employees with an aggregate value not exceeding Fifty Thousand Dollars ($50,000.00). In the event that Borrower, after the date hereof, intends to store or otherwise deliver any portion of the Collateral to a bailee (except with respect to mobile equipment in possession of employees with an aggregate value not exceeding Fifty Thousand Dollars ($50,000.00)), 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 reasonable discretion. All Inventory is expressly indicated among in all material respects of good and marketable quality, free from material defects. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any material license or other information about agreement with respect to which Borrower is the Claim licensee that prohibits or otherwise restricts Borrower from granting a security interest in the Portal. 8.2Borrower’s interest in such license or agreement or any other property. The Loan Originator along with the Claim Borrower shall not transfer provide written notice to Bank within ten (10) 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 Assignee public). Borrower shall take such steps as Bank requests to obtain the consent of, or waiver by, any person whose consent or waiver is necessary for all such licenses or contract rights related thereto to be deemed “Collateral” and existing at for Bank to have a security interest in it that might otherwise be restricted or prohibited by law or by the moment terms of the assignment arising from the Collateral. The Assignee understands that by any such license or agreement (such consent or authorization may include a licensor’s agreement to a contingent assignment of the Claim security interest incorporated license to Bank if Bank determines that is necessary in its reasonable business judgment), whether now existing or entered into in the Collateral is not re-registered in favour of the Assignee and remains registered in favour of the Loan Originatorfuture. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regard.

Collateral. 8.1. This Section shall be applicable if Borrower has good title to, has rights in, and the power to transfer each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no deposit accounts other information about than the Claim deposit accounts with Bank and the deposit accounts, if any, described in the Portal. 8.2Perfection Certificate delivered to Bank in connection herewith. The Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and existing at the moment of the assignment arising from the Collateral. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate. None of the Assignee and remains registered in favour components of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents Collateral shall be maintained at locations other than as provided in the respective pledge registers. 8.4Perfection Certificate or as Borrower has given Bank notice pursuant to Section 7.2. The Assignee understands and agrees In the event that Borrower, after the Loan Originator during the validity term date hereof, intends to store or otherwise deliver any portion of the Agreement without Collateral to a prior coordination with bailee, then Borrower will first receive the Assignee may make any amendments 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. All Inventory is in all material respects of good and marketable quality, free from material defects. Borrower owns or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell use the Collateral intellectual property used in its business, and except as set forth in the Disclosure Schedule attached hereto, Borrower has not granted any exclusive licenses to use its intellectual property. To Borrower’s knowledge, each of its patents is valid and enforceable, and no part of the intellectual property has been judged invalid or a part thereof pursuant unenforceable, in whole or in part, and to the Collateral documentation. 8.7Borrower’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. The Assignee has an obligation immediatelyExcept as noted on the Disclosure Schedule attached hereto, but Borrower is not later a party to, nor is bound by, any license or other agreement 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 license or agreement or any other property. Borrower shall provide written notice to Bank within ten (10) 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 within 5 (five) Business Days from over-the-counter software that is commercially available to the receipt of Mintos public). Borrower shall take such steps as Bank requests to obtain the consent of, or the Loan Originator’s request to provide Mintos waiver by, any person whose consent or the Loan Originator with waiver is necessary for all necessary authority, consents and permits for Mintos such licenses or the Loan Originator contract rights to be able deemed “Collateral” and for Bank to execute have a security interest in it that might otherwise be restricted or prohibited by law or by the rights and obligations specified 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 Agreementfuture. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regard.

Collateral. 8.1. This Section shall be applicable if Borrower has good title to, has rights in, and the power to transfer each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no deposit accounts other information about than the Claim deposit accounts with Bank, the deposit accounts, if any described in the Portal. 8.2Perfection 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 Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and Accounts are bona fide, existing at the moment obligations of the assignment arising from the CollateralAccount Debtors. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) except as permitted pursuant to Section 7.2. None of the Assignee and remains registered in favour of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement components of the Collateral shall be maintained at locations other than as provided in the Perfection Certificate or as permitted pursuant to Section 7.2. In the event that Borrower, after the date hereof, intends to store or otherwise deliver any portion of the Collateral valued, individually or in the aggregate, in excess of One Hundred Thousand Dollars (if any$100,000) and/or 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. All Inventory is in all material respects of good and marketable quality, free from material defects. Borrower is the sole owner of the Intellectual Property which it owns or purports to own except for (a) non-exclusive licenses granted to its customers in the ordinary course of business, (b) over-the-counter software that is commercially available to the public and other debt collection proceedings against immaterial Intellectual Property licensed to Borrower, and (c) material Intellectual Property licensed to Borrower and noted on the Perfection Certificate. Each Patent which it owns or purports to own and which is material to Borrower’s business is valid and enforceable, and no part of the Intellectual Property which Borrower owns or purports to own and which is material to Borrower’s business has been judged invalid or unenforceable, in whole or in part. The Assignee shall To the best of Borrower’s knowledge, no claim has been made in writing that any part of the Intellectual Property violates the rights of any third party except to the extent such claim would not make have a material adverse effect on Borrower’s business. Except as previously disclosed to Bank, Borrower is not a party to, nor is it bound by, any complaints against Mintos, the Loan Originator and the Borrower in this regardRestricted License.

Collateral. 8.1Borrower has good title to, has rights in, and the power to transfer each item of the Collateral upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. This Section Borrower has no deposit accounts other than the deposit accounts with Bank, the deposit accounts, if any, described in the Perfection Certificate delivered to Collateral Agent in connection herewith, or of which Borrower has given Lenders notice and taken such actions as are necessary to give Collateral Agent a perfected security interest therein. No Collateral in excess of $50,000 in the aggregate is in the possession of any third-party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate. None of the components of the Collateral in excess of $50,000 in the aggregate shall be applicable if maintained at locations other than as provided in the Perfection Certificate or as Borrower has given Lenders notice pursuant to Section 7.2. In the event that Borrower, after the date hereof, intends to store or otherwise deliver any portion of the Collateral is expressly indicated among other information about the Claim in excess of $50,000 in the Portal. 8.2aggregate to a bailee, then Borrower will first receive the written consent of Lenders and such bailee must execute and deliver a bailee agreement in form and substance reasonably satisfactory to Collateral Agent in its sole discretion. The Loan Originator along with All Inventory is in all material respects of good and marketable quality, free from material defects, normal wear and tear excepted. Borrower is the Claim shall sole owner of its intellectual property, except for licenses granted to its customers in the ordinary course of business which do not result in a legal transfer of title of the licensed property but 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. 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 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 Assignee all rights related thereto and existing at extent such claim could not reasonably be expected to have a material adverse effect on Borrower’s business. Except as noted on the moment of Perfection Certificate, Borrower is not a party to, nor is bound by, any material license or other agreement with respect to which Borrower is the assignment arising licensee (a) that prohibits or otherwise restricts Borrower from the Collateral. The Assignee understands that by assignment of the Claim granting a security interest incorporated in the Borrower’s interest in such license or agreement or any other property, or (b) for which a default under or termination of could interfere with Collateral is not re-registered in favour of the Assignee and remains registered in favour of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the Agent’s right to sell the any Collateral. Borrower shall provide written notice to Collateral Agent within ten (10) days of entering or a part thereof pursuant becoming bound by any such license or agreement (other than over-the-counter software that is commercially available to the public). Borrower shall take such steps as Collateral documentation. 8.7. The Assignee has an obligation immediatelyAgent reasonably requests to obtain the consent of, but not later than within 5 or waiver by, any person whose consent or waiver is necessary for (fivex) Business Days from the receipt of Mintos all such licenses or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator agreements to be able deemed “Collateral” and for Bank to execute 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, whether now existing or entered into in the future, and (y) Collateral Agent to have the ability in the event of a liquidation of any Collateral to dispose of such Collateral in accordance with Collateral Agent’s rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos remedies under this Agreement and the other Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regardDocuments.

Collateral. 8.1. This Section shall be applicable if Borrower has good title to, has rights in, and the power to transfer each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no deposit accounts other information about than the Claim deposit accounts with Bank, the deposit accounts, if any, described in the Portal. 8.2Perfection 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 Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and Accounts are bona fide, existing at the moment obligations of the assignment arising from the CollateralAccount Debtors. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate. None of the Assignee and remains registered in favour components of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents Collateral shall be maintained at locations other than as provided in the respective pledge registers. 8.4Perfection Certificate or as Borrower has given Bank notice pursuant to Section 7.2. The Assignee understands and agrees In the event that Borrower, after the Loan Originator during the validity term date hereof, intends to store or otherwise deliver any portion of the Agreement without Collateral to a prior coordination 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. Except as disclosed on the Perfection Certificate, Borrower is the sole owner of its intellectual property, except for non-exclusive licenses granted to its customers in the ordinary course of business. 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. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any material license or other agreement with respect to which Borrower is the licensee (a) that prohibits or otherwise restricts Borrower from granting a security interest in Borrower’s interest in such license or agreement or any other property, or (b) for which a default under or termination of could interfere with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the Bank’s right to sell the Collateral any Collateral. Borrower shall provide written notice to Bank within ten (10) days of entering or a part thereof pursuant becoming bound by any such license or agreement (other than over-the-counter software that is commercially available to the Collateral documentation. 8.7public). The Assignee has an obligation immediatelyBorrower shall take such steps as Bank requests to obtain the consent of, but not later than within 5 or waiver by, any person whose consent or waiver is necessary for (fivex) Business Days from the receipt of Mintos all such licenses or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator agreements to be able deemed “Collateral” and for Bank to execute 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, whether now existing or entered into in the future, and (y) Bank to have the ability in the event of a liquidation of any Collateral to dispose of such Collateral in accordance with Bank’s rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos remedies under this Agreement and the other Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regardDocuments.

Collateral. 8.1. This Section shall be applicable if the Collateral is expressly indicated among other information about the Claim in the Portal. 8.2. The Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and existing at the moment of the assignment arising from the Collateral. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour of the Assignee and remains registered in favour repayment of the Loan Originator. 8.3. The Loan Originator handles and all matters related to Collateralextensions and renewals thereof, and the performance of all obligations of Borrower hereunder, including the registrationobligations under the Promissory Note, amending shall be secured by the following: a) A first lien on the asphalt terminal, blending and cancellation emulsion facility including all buildings, storage tanks and improvements referred to above, to be more fully described in a security agreement (the "SECURITY AGREEMENT") from Borrower to Lender perfected by a U.C.C.- 1 Financing Statement and Fixture Filing to be filed with the public officials deemed necessary by Lender. Although Borrower will be leasing the land on which said collateral will be located, the lease shall provide that such collateral does not become the property of mortgages the landlord when it is placed on the land, and commercial pledgesit may be removed therefrom by Borrower, including submits or by Lender upon a loan default. b) A lien, evidenced by a blanket security agreement (also know as the "SECURITY AGREEMENT") on all furniture, supplies, inventory, equipment, machinery, fixtures, accounts, accounts receivable, contract rights, instruments, documents, chattel paper, chases in action, intellectual property and receives general intangibles presently or hereafter owned by Borrower, and perfected by a blanket U.C.C.- 1 Financing Statement to be filed with the public officials deemed necessary by Lender. The lien shall be a first lien with respect to all necessary documents such property other than the accounts receivable and the inventory. With respect to the accounts receivable and the inventory, the lien shall be second only to a revolving line of credit in the respective pledge registerssum not to exceed $3,000,000 (the "Line Limit"). The Borrower shall give the Lender written notice each quarter identifying the lender on the line of credit and stating the average balance of the line of credit over that quarter. If the lender on the line of credit changes, the Borrower shall give the prior written notice of such change. The level of borrowing against the accounts receivable and the inventory shall not be greater than the Line Limit without the prior written consent of the Lender, which consent will not be unreasonably withheld. 8.4c) An assignment (the "LEASE ASSIGNMENT") of all of Borrower's right, title and interest in and to the lease between the Union Pacific Railroad Company (or related entity) as Lessor, and the Borrower, as Lessee, (hereafter the "U.P. LEASE") covering the land (the "REAL PROPERTY") where the Borrower's emulsion plant is located, as more fully described in the Assignment. The Assignee understands Security Agreements and agrees that Lease Assignment shall collectively be known as the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments "COLLATERAL DOCUMENTS." The property secured by or sign any additional agreements otherwise subject to the Collateral documentationDocuments shall be collectively known as the "COLLATERAL". The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements All loans from the lender to the Collateral documents Borrower, now or hereafter shall be, and hereby are agreed to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep be, cross-collateralized, whereby all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against shall secure all of the Borrower. The Assignee shall not make 's obligations to Lender under each and all loans, and all future advanced thereunder, as well as any complaints against Mintosrenewals, the Loan Originator and the Borrower in this regardmodifications or substitutions of all loans made by Lender to Borrower.

Collateral. 8.1Borrower has good title to the Collateral, free of Liens except Permitted Liens. This Section shall be applicable if Borrower has no other deposit account, other than the Collateral is expressly indicated among other information about the Claim deposit accounts described in the Portal. 8.2Representations or the Disclosure Letter. The Loan Originator along Each Account with respect to which Advances are requested by Borrower shall, on the Claim shall not transfer to the Assignee all rights related thereto date each Advance is requested and made, represent an undisputed bona fide existing at the moment unconditional obligation of the assignment arising from account debtor created by the Collateral. The Assignee understands that by assignment sale, delivery, and acceptance of goods or the Claim security interest incorporated rendition of services in the ordinary course of Borrower's business. Except as set forth in the Disclosure Letter, he Collateral is not re-registered in favour the possession of any third party bailee (such as at a warehouse). In the event that Borrower, after the date hereof, intends to store or otherwise deliver the Collateral to such a bailee, then Borrower will receive the prior written consent of Bank and such bailee must acknowledge in writing that the bailee is holding such Collateral for the benefit of Bank. Borrower has no notice of any actual or imminent Insolvency Proceeding of any account debtor whose accounts are an Eligible Account in any Borrowing Base Certificate. All Inventory is in all material respects of good and marketable quality, free from material defects. Borrower is the sole owner of the Assignee Intellectual Property, except for non-exclusive licenses granted to its customers in the ordinary course of business, and remains registered except as set forth in favour the Disclosure Letter. Except as set forth in the Disclosure Letter, to the best of Borrower's knowledge, each Patent is, valid and enforceable and no part of the Loan Originator. 8.3. The Loan Originator handles all matters related Intellectual Property has been judged invalid or unenforceable, in whole or in part, and, to Collateralthe best of Borrower's knowledge, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees no claim has been made that the Loan Originator during the validity term any part of the Agreement without a prior coordination with Intellectual Property violates the Assignee may make rights of any amendments or sign any additional agreements third party, except to the Collateral documentation. The Assignee shall recognize extent such amendments claim could not reasonably be expected to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due carecause a Material Adverse Change. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regard.

Collateral. 8.1Borrower has good title to the Collateral, free of Liens except Permitted Liens. This Section shall be applicable if The Accounts designated as eligible accounts (Eligible Accounts, Eligible Retainage Accounts, Exim Eligible Foreign Accounts and Exim Eligible Foreign Retainage Accounts) in any borrowing base certificate, or other report submitted to Bank, are bona fide, existing obligations and the Collateral is expressly indicated among other information about service or property has been performed or delivered to the Claim account debtor or its agent (subject only to installation and warranty obligations arising in the Portal. 8.2ordinary course of Borrower's business), for immediate shipment to and unconditional acceptance by the account debtor (except in the case of Retainage Accounts where customary acceptance terms in the ordinary course of business shall apply). The Loan Originator along Borrower has no notice of any actual or imminent Insolvency Proceeding of any account debtor whose accounts are an eligible account in any borrowing base certificate. All Inventory designated as eligible inventory (Exim Eligible Foreign Inventory) in any borrowing base certificate, or other report submitted to Borrower, is in all material respects of good and marketable quality, free from material defects, except for Inventory for which adequate reserves have been made in accordance with GAAP, which reserves have been, and at all times will be, disclosed to Bank in Borrower's borrowing base certificates. Borrower is the Claim shall not transfer to the Assignee all rights related thereto and existing at the moment sole owner of the assignment arising Intellectual Property, except for: (i) non-exclusive licenses granted to others in the ordinary course of business, and (ii) joint ownership rights and licensing and cross-licensing agreements with respect to Intellectual Property entered into from time to time in connection with strategic relationships and development agreements, approved by Borrower's senior management, provided that such joint ownership rights, licenses and cross-licenses do not materially adversely impact Borrower's ability to conduct its business or the value of the Collateral. The Assignee understands that by assignment To the best of Borrower's knowledge and except as reported to Bank in writing, each of the Claim security Patents in which Borrower has an interest incorporated in the Collateral is not re-registered in favour valid and enforceable and no part of the Assignee Intellectual Property in which Borrower has an interest has been judged invalid or unenforceable, in whole or in part, and remains registered in favour no claim has been made that any part of the Loan Originator. 8.3. The Loan Originator handles all matters related to CollateralIntellectual Property in which Borrower has an interest violates the rights of any third party, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements except to the Collateral documentation. The Assignee shall recognize extent such amendments invalidity, unenforceability or claim could not reasonably be expected to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due carecause a Material Adverse Change. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regard.

Collateral. 8.1Borrower has good title to the Collateral, free of Liens except Permitted Liens. This Section Borrower has no deposit account other than the deposit accounts with Bank and deposit accounts described in the Perfection Certificate delivered to Bank in connection herewith. The Collateral is not in the possession of any third party bailee (such as a warehouse). Except as hereafter disclosed to Bank in writing by Borrower, none of the components of the Collateral shall be applicable if maintained at locations other than as provided in the Perfection Certificate. 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 acknowledge in writing that the bailee is expressly indicated among other information about holding such Collateral for the Claim benefit of Bank. All Inventory is in all material respects of good and marketable quality, free from material defects. Borrower is the sole owner of its Intellectual Property, except for non-exclusive licenses granted to its customers in the Portal. 8.2ordinary course of business. The Loan Originator along with Each Patent is valid and enforceable and no part of the Claim shall not transfer Intellectual Property has been judged invalid or unenforceable, in whole or in part, and to the Assignee all rights related thereto and existing at the moment best of Borrower's knowledge, no claim has been made that any part of the assignment arising Intellectual Property violates the rights of any third party. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any material license or other agreement 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 license or agreement or any other property. Borrower shall provide written notice to Bank within ten (10) 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 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. The Assignee understands " 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 Claim security interest incorporated license to Bank if Bank determines that is necessary in its good faith judgment), whether now existing or entered into in the Collateral is not re-registered in favour of the Assignee and remains registered in favour of the Loan Originatorfuture. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regard.

Collateral. 8.1Borrower has good title, has rights in, and the power to transfer each item of the Collateral upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. This Section Borrower has no deposit accounts in the United States 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 as otherwise provided in the Perfection Certificate. None of the components of the Collateral shall be applicable if maintained at locations other than as provided in the Perfection Certificate or as Borrower has given Bank notice pursuant to Section 7.2. 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 expressly indicated among other information about the Claim sole owner of its intellectual property, except for non-exclusive licenses granted to its customers in the Portal. 8.2ordinary course of business. The Loan Originator along with Each patent is valid and enforceable, and no part of the Claim shall not transfer intellectual property has been judged invalid or unenforceable, in whole or in part, and to the Assignee all rights related thereto and existing at the moment best of Borrower’s knowledge, no claim has been made that any part of the assignment arising 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. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any material license or other agreement with respect to which Borrower is licensee that prohibits or otherwise restricts Borrower from granting a security interest in Borrower’s interest in such license or agreement or any other property. Borrower shall provide written notice to Bank within 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 requests to obtain the consent of, or wavier by, any person whose consent or waiver is necessary for all such licenses or contract rights to be deemed “Collateral. The Assignee understands ” 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 Claim license to Bank if Bank determines that is necessary in its good faith judgment), whether now existing or entered into in the future. Without prior consent from Bank, Borrower shall not enter into, or become bound by, any such license or agreement which is reasonably likely to have a material impact on Borrower’s business or financial condition. Borrower shall take such steps as Bank 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 incorporated in it that might otherwise be restricted or prohibited by law or by the terms of any such license or agreement, whether now existing or entered into in the Collateral is not re-registered in favour of the Assignee and remains registered in favour of the Loan Originatorfuture. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regard.

Collateral. 8.1Borrower has good title to the Collateral, free of Liens except Permitted Liens. This Section shall be applicable if Borrower has no other deposit account, other than the Collateral is expressly indicated among other information about the Claim deposit accounts described in the Portal. 8.2Representations or Schedule 2. Each Account with respect to which Advances are requested by Borrower shall, on the date each Advance is requested and made, represent an undisputed bona fide existing unconditional obligation of the account debtor created by the sale, delivery, and acceptance of goods or the rendition of services in the ordinary course of Borrower’s business. The Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and existing at the moment of the assignment arising from the Collateral. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as at a warehouse). In the event that Borrower, after the date hereof, intends to store or otherwise deliver the Collateral to such a bailee, then Borrower will receive the prior written consent of Bank and such bailee must acknowledge in writing that the bailee is holding such Collateral for the benefit of Bank. Borrower has received no written notice of any actual or imminent Insolvency Proceeding of any account debtor whose accounts are an Eligible Account in any Borrowing Base Certificate. All Inventory is in all material respects of good and marketable quality, free from material defects. Borrower is the sole owner of the Assignee Intellectual Property, except for non-exclusive licenses granted to its customers in the ordinary course of business. Each Patent is, to the best of Borrower’s knowledge, valid and remains registered in favour enforceable and no part of the Loan Originator. 8.3Intellectual Property has been judged invalid or unenforceable, in whole or in part, and 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 cause a Material Adverse Change. The Loan Originator handles all matters related to CollateralBorrower has informed Bank that it has historically entered into asset acquisition transactions with Lucent Technologies and Scientific Atlanta, Inc., including the registrationpurchase of certain intellectual property assets from these third parties (the “Prior Acquisitions”). Without limitation of any term or condition hereof, amending Borrower hereby represents and cancellation warrants to Bank that all assets acquired in such Prior Acquisitions and that now form part of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements otherwise relate to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding are free of any and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due careall Liens other than for Permitted Liens. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regard.

Collateral. 8.1Borrower has good title to, has rights in, and the power to transfer each item of Collateral upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. This Section Borrower has no deposit accounts other than the deposit accounts with Bank and deposit accounts described in the Perfection Certificate delivered to Bank in connection herewith. The Collateral is not in the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate. None of the components of the Collateral shall be applicable if maintained at locations other than as provided in the Perfection Certificate. In the event that Borrower, after the date hereof, intends to store or otherwise deliver any portion of the Collateral with a value in excess of Fifty Thousand Dollars ($50,000) 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. All Inventory is expressly indicated among other information about in all material respects of good and marketable quality, free from material defects. Borrower is the Claim sole owner of its intellectual property, except for non-exclusive licenses granted to its customers in the Portal. 8.2ordinary course of business. The Loan Originator along with Each issued patent of the Claim shall not transfer Borrower, if any, 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 Assignee all rights related thereto and existing at the moment best of Borrower’s knowledge, no claim has been made that any part of the assignment arising Intellectual Property violates the rights of any third party. Borrower is not a party to, nor is bound by, any material license or other material agreement with respect to which Borrower is the licensee that effectively prohibits or otherwise restricts Borrower from granting a security interest in Borrower’s interest in such license or agreement or any other property (other than over-the-counter software that is commercially available to the public). Borrower shall provide written notice to Bank within ten (10) 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 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. The Assignee understands ” 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 Claim security interest incorporated license to Bank if Bank determines that is necessary in its good faith judgment), whether now existing or entered into in the Collateral is not re-registered in favour of the Assignee and remains registered in favour of the Loan Originatorfuture. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regard.

Collateral. 8.1Borrower has good title, has rights in, and the power to transfer each item of the Collateral upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. This Section 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 as otherwise provided in the Perfection Certificate. None of the components of the Collateral shall be applicable if maintained at locations other than as provided in the Perfection Certificate or as Borrower has given Bank notice pursuant to Section 7.2. 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. All Inventory is expressly indicated among other information about in all material respects of good and marketable quality, free from material defects. Borrower is the Claim sole owner of its intellectual property, except for non-exclusive licenses granted to its customers in the Portal. 8.2ordinary course of business. The Loan Originator along with Each patent is valid and enforceable, and no part of the Claim shall not transfer intellectual property has been judged invalid or unenforceable, in whole or in part, and to the Assignee all rights related thereto and existing at the moment best of Borrower’s knowledge, no claim has been made that any part of the assignment arising 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. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any license or other agreement with respect to which Borrower is licensee that prohibits or otherwise restricts Borrower from granting a security interest in Borrower’s interest in such license or agreement or any other property. Borrower shall provide written notice to Bank within ten (10) 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 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. The Assignee understands ” 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 Claim license to Bank if Bank determines that is necessary in its good faith judgment), whether now existing or entered into in the future. Without prior consent from Bank, Borrower shall not enter into, or become bound by, any such license or agreement which is reasonably likely to have a material impact on Borrower’s business or financial condition. Borrower shall take such steps as Bank 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 incorporated in it that might otherwise be restricted or prohibited by law or by the terms of any such license or agreement, whether now existing or entered into in the Collateral is not re-registered in favour of the Assignee and remains registered in favour of the Loan Originatorfuture. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regard.

Collateral. 8.1Borrower has good title to the Collateral, free of Liens except Permitted Liens or Borrower has Rights to each asset that is Collateral. This Section shall be applicable if Borrower has no other deposit account, other than the Collateral is expressly indicated among other information about the Claim deposit accounts described in the Portal. 8.2Schedule. The Loan Originator along Accounts are bona fide, existing obligations, and, except with respect to Deferred Revenue, the Claim shall not transfer service or property has been performed or delivered to the Assignee all rights related thereto account debtor or its agent for immediate shipment to and existing at unconditional acceptance by the moment of the assignment arising from the Collateralaccount debtor. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour of the Assignee and remains registered in favour of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4possession of any third party bailee (such as at a warehouse), other than co-location facilities in the ordinary course of business, all of which have been disclosed in writing to Bank. The Assignee understands In the event that Borrower, after the date hereof, intends to store or otherwise deliver the Collateral to such a bailee, then Borrower will receive the prior written consent of Bank and agrees such bailee must acknowledge in writing that the Loan Originator during bailee is holding such Collateral for the validity term benefit of Bank. Borrower has no notice of any actual or imminent Insolvency Proceeding of any account debtor whose accounts are an Eligible Account in any Borrowing Base Certificate. Borrower is the Agreement without a prior coordination with the Assignee may make any amendments sole owner, or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof use, of the 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 Collateral documentation. 8.7Intellectual Property has been judged invalid or unenforceable, in whole or in part, and 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 cause a Material Adverse Change. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt Certain of Mintos Borrower’s source code is on deposit with a source code escrow company pursuant to agreements now in effect or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able entered into with Borrower’s customers; however if the source code is released to execute 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 Schedule to Amended and Restated Loan and Security Agreement, Borrower is not a party to, nor is bound by, any material license or other material agreement with respect to which the 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 will provide written notice to Bank within ten 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, authorization by, or waiver by, any person whose consent or waiver is necessary for all such licenses or contract rights to be deemed “Collateral” and obligations specified 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 the Bank determines that is necessary in its good faith judgment), whether now existing or entered into in the Agreementfuture. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regard.

Collateral. 8.1. This Section shall be applicable if Borrower has good title to, has rights in, and the power to transfer each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no deposit accounts other information about than the Claim deposit accounts with Bank, the deposit accounts, if any, described in the Portal. 8.2Perfection 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 Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and existing at the moment of the assignment arising from the Collateral. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse). Except as hereafter disclosed to Bank in writing by Borrower, none of the Assignee and remains registered in favour components of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents Collateral shall be maintained at locations other than as provided in the respective pledge registers. 8.4Perfection Certificate. The Assignee understands 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 agrees such bailee must acknowledge in writing that the Loan Originator during bailee is holding such Collateral for the validity term benefit of Bank. All Inventory is in all material respects of good and marketable quality, free from material defects. Borrower is the sole owner of its Intellectual Property, except for non-exclusive licenses granted to its customers in the ordinary course of business. Each Patent is valid and enforceable and no part of the Agreement without 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 prior coordination Material Adverse Change. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any material license or other agreement with respect to which Borrower is the licensee (a) that prohibits or otherwise restricts Borrower from granting a security interest in Borrower’s interest in such license or agreement or any other property, or (b) for which a default under or termination of could interfere with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the Bank’s right to sell the Collateral any Collateral. Borrower shall provide written notice to Bank within thirty (30) days of entering or a part thereof pursuant becoming bound by any such license or agreement (other than over-the-counter software that is commercially available to the Collateral documentation. 8.7public). The Assignee has an obligation immediatelyBorrower shall take such steps as Bank requests to obtain the consent of, but not later than within 5 or waiver by, any person whose consent or waiver is necessary for (fivex) Business Days from the receipt of Mintos all such licenses or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator agreements to be able deemed “Collateral” and for Bank to execute 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, whether now existing or entered into in the future, and (y) Bank to have the ability in the event of a liquidation of any Collateral to dispose of such Collateral in accordance with Bank’s rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos remedies under this Agreement and the other Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regardDocuments.

Collateral. 8.1Borrower has good title to, has rights in, and the power to transfer each item of the Collateral upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. This Section 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 as otherwise provided in the Perfection Certificate. None of the components of the Collateral shall be applicable if maintained at locations other than as provided in the Perfection Certificate or as Borrower has given Bank notice pursuant to Section 7.2. 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 reasonable discretion. Except as noted on the Perfection Certificate, Borrower is expressly indicated among not a party to, nor is bound by, any material license or other information about agreement with respect to which Borrower is the Claim licensee that prohibits or otherwise restricts Borrower from granting a security interest in the Portal. 8.2Borrower's interest in such license or agreement or any other property. The Loan Originator along with the Claim Borrower shall not transfer provide written notice to Bank within ten (10) 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 Assignee public). Borrower shall take such steps as Bank requests to obtain the consent of, or waiver by, any person whose consent or waiver is necessary for all such licenses or contract rights related thereto to be deemed "Collateral" and existing at for Bank to have a security interest in it that might otherwise be restricted or prohibited by law or by the moment terms of the assignment arising from the Collateral. The Assignee understands that by any such license or agreement (such consent or authorization may include a licensor's agreement to a contingent assignment of the Claim security interest incorporated license to Bank if Bank determines that is necessary in its good faith judgment), whether now existing or entered into in the Collateral is not re-registered in favour of the Assignee and remains registered in favour of the Loan Originatorfuture. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regard.

Collateral. 8.1. This Section shall be applicable if Borrower has good title to, has rights in, and the power to transfer each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no Deposit Accounts other information about than the Claim Deposit Accounts with Bank, the Deposit Accounts, if any, described in the Portal. 8.2Perfection 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 Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and existing at the moment of the assignment arising from the Collateral. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee locations in the United States (such as a warehouse) except as otherwise provided in the Perfection Certificate. None of the Assignee and remains registered in favour of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement components of the Collateral (if any) and/or shall be maintained at locations other debt collection proceedings against than as provided in the Perfection Certificate or as Borrower has given Bank notice pursuant to Section 7.2. In the event that Borrower, after the date hereof, intends to store or otherwise deliver any portion of the Collateral to a bailee located within the United States, 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. The Assignee shall Borrower is the owner or licensee of its intellectual property except as previously disclosed to Bank and except for non-exclusive licenses granted to its customers in the ordinary course of business. 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 make any complaints against Mintos, the Loan Originator and the Borrower in this regardreasonably be expected to have a material adverse effect on Borrower's business.

Collateral. 8.1. This Section shall be applicable if Borrower has good title to, has rights in, and the power to transfer each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no deposit and securities accounts other information about than the Claim deposit accounts described in the Portal. 8.2Perfection Certificate, or of which Borrower has given Lender notice and taken such actions as are necessary to give Lender a perfected security interest therein. The Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and existing at the moment of the assignment arising from the Collateral. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate. None of the Assignee and remains registered in favour components of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation Collateral in excess of mortgages and commercial pledges, including submits and receives all necessary documents $25,000 per location shall be maintained at locations other than as provided in the respective pledge registers. 8.4Perfection Certificate or as Borrower has given Lender notice pursuant to Section 7.2. The Assignee understands and agrees In the event that Borrower, after the Loan Originator during the validity term date hereof, intends to store or otherwise deliver any portion of the Agreement without Collateral in excess of $25,000 per location to a prior coordination bailee, then Borrower will first receive the written consent of Lender and such bailee must execute and deliver a bailee agreement in form and substance satisfactory to Lender. All Inventory is in all material respects of good and marketable quality, free from material defects. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any material license or other agreement with the Assignee may make respect to which Borrower is a licensee that (a) prohibits or otherwise restricts Borrower from granting a security interest in Borrower's interest in such license or agreement or any amendments other property, or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents (b) for which a default under or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests termination of the Assignee could interfere with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the Lender's right to sell the Collateral any Collateral. Borrower shall provide written notice to Lender within ten (10) days of entering or becoming bound by any such license or agreement which is reasonably likely to have a part thereof pursuant material impact on Borrower's business or financial condition (other than over-the-counter software that is commercially available to the Collateral documentation. 8.7public). The Assignee has an obligation immediatelyBorrower shall take such steps as Lender requests to obtain the consent of, but not later than within 5 or waiver by, any person whose consent or waiver is necessary for (fivex) Business Days from the receipt of Mintos all such licenses or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator agreements to be able deemed "Collateral" and for Lender and each Lender to execute have a security interest in it that might otherwise be restricted or prohibited by law or by the terms of any such license or, whether now existing or entered into in the future, and (y) Lender shall have the ability in the event of a liquidation of any Collateral to dispose of such Collateral in accordance with Lender's rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos remedies under this Agreement and the other Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regardDocuments.

Collateral. 8.1Borrower has good title to the Collateral, free of Liens except Permitted Liens. This Section shall be applicable if Borrower has no other deposit accounts, other than the Collateral is expressly indicated among other information about the Claim deposit accounts described in the Portal. 8.2Schedule. The Loan Originator along with Accounts are bona fide, existing obligations, and the Claim shall not transfer service or property has been performed or delivered to the Assignee all rights related thereto account debtor or its agent for immediate shipment to and existing at unconditional acceptance by the moment of the assignment arising from the Collateralaccount debtor. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as at a warehouse). In the event that Borrower, after the date hereof, intends to store or otherwise deliver the Collateral to such a bailee, then Borrower will receive the prior written consent of Bank and such bailee must acknowledge in writing that the bailee is holding such Collateral for the benefit of Bank. Borrower has no notice of any actual or imminent Insolvency Proceeding of any account debtor whose accounts are an Eligible Account in any Borrowing Base Certificate. All Inventory is in all material respects of good and marketable quality, free from material defects. Borrower is the sole owner of the Assignee Intellectual Property which it owns. Borrower is the licensee of certain other Intellectual Property material to its operations and remains registered is not in favour default under any such licenses. In the ordinary course of Borrower's business, Borrower has granted field-limited, exclusive licenses to certain of its Intellectual Property and non-exclusive licenses to customers and marketing partners. To the knowledge of Borrower, each Patent is valid and enforceable and no part of the Loan Originator. 8.3. The Loan Originator handles all matters related to CollateralIntellectual Property has been judged invalid or unenforceable, including the registrationin whole or in part, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents no claim has been made in the respective pledge registers. 8.4. The Assignee understands and agrees writing that the Loan Originator during the validity term any part of the Agreement without a prior coordination with Intellectual Property violates the Assignee may make rights of any amendments or sign any additional agreements third party, except to the Collateral documentation. The Assignee shall recognize extent such amendments claim could not reasonably be expected to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due carecause a Material Adverse Change. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regard.

Collateral. 8.1. This Section shall be applicable if Borrower has good title to, has rights in, and the power to transfer each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no deposit accounts other information about than the Claim deposit accounts with Bank, the deposit accounts, if any, described in the Portal. 8.2Perfection 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 Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and Accounts are bona fide, existing at the moment obligations of the assignment arising from the CollateralAccount Debtors. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate. None of the Assignee and remains registered in favour components of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents Collateral shall be maintained at locations other than as provided in the respective pledge registers. 8.4Perfection Certificate or as permitted pursuant to Section 7.2. The Assignee understands and agrees In the event that Borrower, after the Loan Originator during the validity term date hereof, intends to store or otherwise deliver any portion of the Agreement without Collateral to a prior coordination 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. All Financed Equipment is new, except for such Financed Equipment that has been disclosed in writing to Bank by Borrower as "used" and that Bank, in its sole discretion, has agreed to finance. All Inventory is in all material respects of good and marketable quality, free from material defects. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any material license or other material agreement with respect to which Borrower is the licensee (a) that prohibits or otherwise restricts Borrower from granting a security interest in Borrower's interest in such license or agreement or any other property, or (b) for which a default under or termination of could interfere with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the Bank's right to sell the Collateral any Collateral. Borrower shall provide written notice to Bank within ten (10) days of entering or a part thereof pursuant becoming bound by any such license or agreement (other than over-the-counter software that is commercially available to the Collateral documentation. 8.7public). The Assignee has an obligation immediatelyBorrower shall take such steps as Bank requests to obtain the consent of, but not later than within 5 or waiver by, any person whose consent or waiver is necessary for (fivex) Business Days from the receipt of Mintos all such licenses or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator agreements to be able deemed "Collateral" and for Bank to execute 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, whether now existing or entered into in the future, and (y) Bank to have the ability in the event of a liquidation of any Collateral to dispose of such Collateral in accordance with Bank's rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos remedies under this Agreement and the other Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regardDocuments.

Collateral. 8.1Borrower has good title to, has rights in, and the power to transfer each item of the Collateral upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. This Section 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 as otherwise provided in the Perfection Certificate. None of the components of the Collateral shall be applicable if maintained at locations other than as provided in the Perfection Certificate or as Borrower has given Bank notice pursuant to Section 7.2. 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. Except as noted on the Perfection Certificate, Borrower is expressly indicated among not a party to, nor is bound by, any material license or other information about agreement with respect to which Borrower is the Claim licensee that prohibits or otherwise restricts Borrower from granting a security interest in the Portal. 8.2Borrower’s interest in such license or agreement or any other property. The Loan Originator along with the Claim Borrower shall not transfer provide written notice to Bank within ten (10) 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 Assignee public). Borrower shall take such steps as Bank requests to obtain the consent of, or waiver by, any person whose consent or waiver is necessary for all such licenses or contract rights related thereto to be deemed “Collateral” and existing at for Bank to have a security interest in it that might otherwise be restricted or prohibited by law or by the moment terms of the assignment arising from the Collateral. The Assignee understands that by any such license or agreement (such consent or authorization may include a licensor’s agreement to a contingent assignment of the Claim security interest incorporated license to Bank if Bank determines that is necessary in its good faith judgment), whether now existing or entered into in the Collateral future. Borrower is not re-registered in favour the sole owner of the Assignee Intellectual Property which it owns or purports to own except for (a) non-exclusive licenses granted to its customers in the ordinary course of business, (b) over-the-counter software that is commercially available to the public, and remains registered in favour (c) material Intellectual Property licensed to Borrower and noted on the Perfection Certificate. Each Patent which it owns or purports to own and which is material to Borrower’s business is valid and enforceable, and no part of the Loan Originator. 8.3Intellectual Property which Borrower owns or purports to own and which is material to Borrower’s business has been judged invalid or unenforceable, in whole or in part. The Loan Originator handles all matters related to CollateralTo the best of Borrower’s knowledge, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees no claim has been made that the Loan Originator during the validity term any part of the Agreement without a prior coordination with Intellectual Property violates the Assignee may make rights of any amendments or sign any additional agreements third party except to the Collateral documentation. The Assignee shall recognize extent such amendments claim would not reasonably be expected to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or have a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originatormaterial adverse effect on Borrower’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regard.business

Collateral. 8.1. This Section shall be applicable if Borrower has good title to, has rights in, and the power to transfer each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no deposit accounts other information about than the Claim deposit accounts with Bank, the deposit accounts, if any, described in the Portal. 8.2Perfection 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 Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and existing at the moment of the assignment arising from the Collateral. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate. None of the Assignee and remains registered in favour components of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents Collateral shall be maintained at locations other than as provided in the respective pledge registers. 8.4Perfection Certificate or as permitted pursuant to Section 7.2. The Assignee understands In the event that Borrower, after the date hereof, intends to store or otherwise deliver any portion of me Collateral to a bailee, then Borrower will first receive the written consent of Bank and agrees such bailee must execute and deliver a bailee agreement in form and substance satisfactory to Bank in its sole discretion, All Inventory is in all material respects of good and marketable quality, free from material defects other than that Inventory that is held for refurbishment or repair. Borrower is the Loan Originator during sole owner of its intellectual property, except for non-exclusive licenses granted to its customers in the validity term ordinary course of business. Each patent is valid and enforceable, and no part of the Agreement without 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 (other than as disclosed in the Perfection Certificate) 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 prior coordination material adverse effect on Borrower’s business. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any material license or other agreement with respect to which Borrower is the licensee (a) that prohibits or otherwise restricts Borrower from granting a security interest in Borrower’s interest in such license or agreement or any other property, or (b) for which a default under or termination of could interfere with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the Bank’s right to sell the Collateral any Collateral. Borrower shall provide written notice to Bank within ten (10) days of entering or a part thereof pursuant becoming bound by any such license or agreement (other than over-the-counter software that is commercially available to the Collateral documentation. 8.7public). The Assignee has an obligation immediatelyBorrower shall take such steps as Bank requests to obtain the consent of, but not later than within 5 or waiver by, any person whose consent or waiver is necessary for (fivex) Business Days from the receipt of Mintos all such licenses or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator agreements to be able deemed “Collateral” and for Bank to execute 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, whether now existing or entered into in the future, and (y) Bank to have the ability in the event of a liquidation of any Collateral to dispose of such Collateral in accordance with Bank’s rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos remedies under this Agreement and the other Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regardDocuments.

Collateral. 8.1Without waiving any of its other rights hereunder or under any other Loan Document, Lender shall have all rights and remedies of a secured party under the UCC (and the Uniform Commercial Code of any other applicable jurisdiction) and such other rights and remedies as may be available hereunder, under other applicable law, or pursuant to contract. This Section shall be applicable if If requested by Lender, Obligors will promptly assemble the Collateral is expressly indicated among other information about the Claim in the Portal. 8.2and make it available to Lender at a place designated by Lender. The Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and existing at the moment Obligors agree that any notice by Lender of the assignment arising from the Collateral. The Assignee understands that by assignment sale or disposition of the Claim security interest incorporated in the Collateral is not re-registered in favour of the Assignee and remains registered in favour of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant any other intended action hereunder, whether required by the UCC or otherwise, shall constitute reasonable notice to Obligors if the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 notice is delivered to Borrower Agent in accordance with Section 10.4 at least five (five5) Business Days before the action to be taken. The proceeds realized from the receipt sale or other disposition of Mintos or any Collateral shall be applied to the Loan Originator’s request to provide Mintos or payment of the Loan Originator with all necessary authority, consents Obligations in such order and permits manner as Lender in its discretion shall determine. Each Credit Party shall be liable for Mintos or the Loan Originator to be able to execute the rights and obligations specified any deficiencies in the Agreement. 8.8. The Assignee understands and is informed that Mintos and event the Loan Originator are not obliged to disclose to proceeds of the Assignee the information and/or documents related to the enforcement disposition of the Collateral do not satisfy the Obligations in full. In connection with the foregoing, and notwithstanding any other terms of this Agreement or any Loan Document which may be to the contrary, Lender agrees not to exercise any right or remedy to sell or otherwise dispose of any Collateral (if anyincluding particularly but without limitation any trademarks, patents or copyrights) and/or pursuant hereto unless and until an Event of Default has occurred which is then continuing, and as a result thereof payment in full of the Obligations has been accelerated in accordance with the terms of this Agreement. In connection with the foregoing, and notwithstanding any other debt collection proceedings against terms of this Agreement or any Loan Document which may be to the Borrower. The Assignee shall contrary, Lender agrees not make to exercise any complaints against Mintosright or remedy to sell or otherwise dispose of any Collateral (including particularly but without limitation any trademarks, patents or copyrights) pursuant hereto unless and until an Event of Default has occurred which is then continuing, and as a result thereof payment in full of the Loan Originator and Obligations has been accelerated in accordance with the Borrower in terms of this regardAgreement.

Collateral. 8.1Borrower has good title to, has rights in, and the power to transfer each item of the Collateral upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. This Section 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 as otherwise provided in the Perfection Certificate. None of the components of the Collateral shall be applicable if maintained at locations other than as provided in the Perfection Certificate or as Borrower has given Bank notice pursuant to Section 7.2. 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. All Inventory is expressly indicated among in all material respects of good and marketable quality, free from material defects. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any license or other information about agreement with respect to which Borrower is the Claim licensee that prohibits or otherwise restricts Borrower from granting a security interest in the Portal. 8.2Borrower’s interest in such license or agreement or any other property. The Loan Originator along with the Claim Borrower shall not transfer provide written notice to Bank within ten (10) 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 Assignee public). Borrower shall take such steps as Bank requests to obtain the consent of, or waiver by, any person whose consent or waiver is necessary for all such licenses or contract rights related thereto to be deemed “Collateral” and existing at for Bank to have a security interest in it that might otherwise be restricted or prohibited by law or by the moment terms of the assignment arising from the Collateral. The Assignee understands that by any such license or agreement (such consent or authorization may include a licensor’s agreement to a contingent assignment of the Claim security interest incorporated license to Bank if Bank determines that is necessary in its good faith judgment), whether now existing or entered into in the Collateral is not re-registered in favour of the Assignee and remains registered in favour of the Loan Originatorfuture. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regard.

Collateral. 8.1Borrower has good title to the Collateral, free of Liens except Permitted Liens. This Section shall be applicable if Borrower has no deposit account, other than the Collateral is expressly indicated among other information about the Claim deposit accounts with Bank and deposit accounts described in the Portal. 8.2Perfection Certificate delivered to the Bank in connection herewith. The Loan Originator along with Accounts are bona fide, existing obligations, and the Claim shall not transfer service or property has been performed or delivered to the Assignee all rights related thereto account debtor or its agent for immediate shipment to and existing at unconditional acceptance by the moment of the assignment arising from the Collateralaccount debtor. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse). Except as hereafter disclosed to the Bank in writing by Borrower, none of the Assignee and remains registered in favour of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement components of the Collateral shall be maintained at locations other than as provided in the Perfection Certificate. 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 (if any) and/or other debt collection proceedings against the Borrower. The Assignee which consent shall not make be unreasonably withheld) and such bailee must acknowledge in writing that the bailee is holding such Collateral for the benefit of Bank. Borrower has no knowledge of any complaints against Mintosactual or imminent Insolvency Proceeding of any account debtor whose accounts are an Eligible Account in any Borrowing Base Certificate. All Inventory is in all material respects of good and marketable quality, free from material defects. To Borrower's knowledge, Borrower is the Loan Originator sole owner of the Intellectual Property, except for non-exclusive licenses granted to its customers in the ordinary course of business. To Borrower's knowledge, each Patent is valid and enforceable and no part of the Borrower Intellectual Property has been judged invalid or unenforceable, in this regardwhole or in part, and 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 cause a Material Adverse Change.

Collateral. 8.1Borrower has good title to the Collateral, free of Liens except Permitted Liens. This Section Borrower has no deposit account other than the deposit accounts with Bank and deposit accounts described in the Perfection Certificate delivered to Bank in connection herewith. The Collateral is not in the possession of any third party bailee (such as a warehouse). Except as hereafter disclosed to Bank in writing by Borrower, none of the components of the Collateral shall be applicable if maintained at locations other than as provided in the Perfection Certificate. 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 acknowledge in writing that the bailee is expressly indicated among other information about holding such Collateral for the Claim benefit of Bank. All Inventory is in all material respects of good and marketable quality (exclusive of Inventory that is obsolete or slow moving and for which the Borrower has established sufficient reserves in accordance with GAAP), free from material defects. Borrower is the sole owner of its Intellectual Property, except for non-exclusive licenses granted to its customers in the Portal. 8.2ordinary course of business. The Loan Originator along with Each Patent is valid and enforceable and no part of the Claim shall not transfer Intellectual Property has been judged invalid or unenforceable, in whole or in part, and to the Assignee all rights related thereto and existing at the moment best of Borrower's knowledge, no claim has been made that any part of the assignment arising Intellectual Property violates the rights of any third party except to the extent such claim could not reasonably be expected to cause a Material Adverse Change. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any material license or other agreement 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 license or agreement or any other property. Borrower shall provide written notice to Bank within thirty 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 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. The Assignee understands " 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 Claim security interest incorporated license to Bank if Bank determines that is necessary in its good faith judgment), whether now existing or entered into in the Collateral is not re-registered in favour of the Assignee and remains registered in favour of the Loan Originatorfuture. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regard.

Collateral. 8.1. This Section 19.1 Subject to Clause 19.7 below, each Borrower shall be applicable if ensure that at all times its Collateralisation Ratio is at least equal to 100 per cent. 19.2 To the extent that any Letter of Credit drawn by a Borrower is not fully collateralised by Eligible Collateral is expressly indicated among other information about the Claim in the Portalsame currency as that Letter of Credit (the amount of such a Letter of Credit not covered by Eligible Collateral in the same currency as that Letter Credit being the “Shortfall”), that Borrower may, subject to clause (f) of the definition of “Collateral Margin”, make up any Shortfall by delivering Eligible Collateral denominated in the Base Currency or an Optional Currency. 8.2. The Loan Originator along 19.3 For the purposes of testing whether each Borrower is in compliance with its obligations under Clause 19.1 above (and subject to Clause 19.4 below): (a) the Claim Issuing Bank shall not transfer deliver to the Assignee all rights related thereto Borrowers and existing at the moment Custodian an Outstanding LC Certificate on or before 1:00pm (London time) 1 Business Day before each Test Date; (b) the Borrowers shall procure the delivery to the Issuing Bank of a Collateral Compliance Certificate on or before 1:00pm (London time) on each Test Date. A Collateral Compliance Certificate to be delivered on any Test Date falling within paragraph (b) of the assignment arising from definition of “Test Date” need only be certified by the Collateral. Custodian and not by the Borrowers, and the Borrowers shall accept such certification as being true, accurate and binding upon them. 19.4 The Assignee understands that by assignment Issuing Bank shall also deliver to the Borrowers and the Custodian an Outstanding LC Certificate within 3 Business Days after: (a) expiry of the Claim security interest incorporated any Letter of Credit in accordance with its terms where such Letter of Credit has not been renewed in accordance with Clause 5.5 (Renewal of a Letter of Credit); (b) any termination of, or any reduction in the Collateral is not re-registered in favour amount of, any Letter of the Assignee and remains registered in favour of the Loan Originator.Credit, to reflect such expiry, termination or reduction, provided that: 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents (i) in the respective pledge registers. 8.4. The Assignee understands and agrees that case of expiry of any Letter of Credit, the Loan Originator during beneficiary of such Letter of Credit has returned the validity term original of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements such Letter of Credit to the Collateral documentation. The Assignee shall recognize Issuing Bank (or waived any right to draw, and indemnified the Issuing Bank for any drawing (to the Issuing Bank’s satisfaction acting in good faith) under such Letter of Credit); (ii) in the case of early termination of any Letter of Credit, the beneficiary of such Letter of Credit has returned the original of such Letter of Credit to the Issuing Bank (or waived any right to draw, and indemnified the Issuing Bank for any drawing (to the Issuing Bank’s satisfaction acting in good faith) under such Letter of Credit); and (iii) in the case of reduction of any Letter of Credit, the beneficiary of such Letter of Credit has agreed to make such amendments to Collateral documents such Letter of Credit as are required by the Issuing Bank to reflect that reduction. 19.5 Each Borrower’s obligations under Clause 19.1 above shall not be affected by any failure by the Issuing Bank to deliver an Outstanding LC Certificate in accordance with Clause 19.3 or additional agreements as binding and not make any complaints Clause 19.4 above. In the event that the Issuing Bank fails to deliver an Outstanding LC Certificate in this regard. The Loan Originator undertakes by making amendments accordance with Clause 19.3 or signing additional agreements to Clause 19.4 above, the Collateral documents to act Borrowers shall procure that the Custodian will perform the calculations set out in the interests relevant Collateral Compliance Certificate in accordance with the most recent Outstanding LC Certificate delivered by the Issuing Bank. 19.6 If on any Test Date (other than where such Test Date is a date falling within paragraph (b) of the Assignee definition of “Test Date”) a Borrower is not in compliance with due care. 8.5. The Loan Originator shall keep all its obligations under Clause 19.1 above, that Borrower undertakes to deliver such further Eligible Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 two (five2) Business Days of such Test Date as is necessary to ensure that, immediately following the delivery of that further Eligible Collateral, it is in compliance with its obligations under Clause 19.1 above. The relevant Borrower shall procure the delivery of an updated Collateral Compliance Certificate evidencing that it is in compliance with its obligations under Clause 19.1 above to the Issuing Bank on or before the expiry of that two (2) Business Day period. 19.7 Each Borrower shall be entitled to withdraw Eligible Collateral from the receipt of Mintos or Custodian Account in accordance with the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement terms of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regardSecurity Documents.

Collateral. 8.1Borrower has good title to, has rights in, and the power to transfer each item of the Collateral upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. This Section 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 as otherwise provided in the Perfection Certificate. None of the components of the Collateral shall be applicable if maintained at locations other than as provided in the Perfection Certificate or as Borrower has given Bank notice pursuant to Section 7.2. 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. All Inventory is expressly indicated among other information about in all material respects of good and marketable quality, free from material defects. Borrower is the Claim sole owner of its intellectual property, except for non-exclusive licenses granted to its customers in the Portal. 8.2ordinary course of business. The Loan Originator along with Each patent is valid and enforceable, and no part of the Claim shall not transfer intellectual property has been judged invalid or unenforceable, in whole or in part, and to the Assignee all rights related thereto and existing at the moment best of Borrower’s knowledge, no claim has been made that any part of the assignment arising 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. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any material license or other agreement 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 license or agreement or any other property. Borrower shall provide written notice to Bank within ten (10) 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 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. The Assignee understands ” 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 Claim security interest incorporated license to Bank if Bank determines that is necessary in its good faith judgment), whether now existing or entered into in the Collateral is not re-registered in favour of the Assignee and remains registered in favour of the Loan Originatorfuture. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regard.

Collateral. 8.1. This Section shall be applicable if Borrower has good title to, has rights in, and the power to transfer each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no deposit accounts other information about than the Claim deposit accounts with Lender, the deposit accounts, if any, described in the Portal. 8.2Diligence Certificate delivered to Lender in connection herewith, or of which Borrower has given Lender notice and taken such actions as are necessary to give Lender a perfected security interest therein. The Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and Accounts are bona fide, existing at the moment obligations of the assignment arising from the CollateralAccount Debtors. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Diligence Certificate. None of the Assignee and remains registered in favour components of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents Collateral shall be maintained at locations other than as provided in the respective pledge registers. 8.4Diligence Certificate or as Borrower has given Lender notice pursuant to Section 7.2. The Assignee understands and agrees In the event that Borrower, after the Loan Originator during the validity term date hereof, intends to store or otherwise deliver any portion of the Agreement without Collateral with a prior coordination fair market value greater than $250,000 to a bailee, then Borrower will first receive the written consent of Lender and such bailee must execute and deliver a bailee agreement in form and substance satisfactory to Lender in its sole discretion. Borrower is the sole owner of its intellectual property, except for non-exclusive licenses granted to its customers in the ordinary course of business. 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. Except as noted on the Diligence Certificate, Borrower is not a party to, nor is bound by, any material license or other agreement with respect to which Borrower is the licensee (a) that prohibits or otherwise restricts Borrower from granting a security interest in Borrower’s interest in such license or agreement or any other property, or (b) for which a default under or termination of could interfere with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the Lender’s right to sell the Collateral any Collateral. Borrower shall provide written notice to Lender within thirty (30) days of entering or a part thereof pursuant becoming bound by any such license or agreement (other than over-the-counter software that is commercially available to the public). Borrower shall take such steps as Lender requests to obtain the consent of, or waiver by, any person whose consent or waiver is necessary for Lender to have the ability in the event of a liquidation of any Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt to dispose of Mintos or the Loan Originatorsuch Collateral in accordance with Lender’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos remedies under this Agreement and the other Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regardDocuments.

Collateral. 8.1Borrower has good title to, has rights in, and the power to transfer each item of the Collateral upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. This Section 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 as otherwise provided in the Perfection Certificate. None of the components of the Collateral shall be applicable if maintained at locations other than as provided in the Perfection Certificate or as permitted pursuant to Section 7.2. 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. All Inventory is expressly indicated among other information about in all material respects of good and marketable quality, free from material defects. Borrower is the Claim sole owner of its intellectual property, except for non-exclusive licenses granted to its customers in the Portal. 8.2ordinary course of business. The Loan Originator along with the Claim shall not transfer Each patent, to the Assignee all rights related thereto best of Borrower’s knowledge, is valid and existing at the moment enforceable, and no part of the assignment arising 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. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any material license or other agreement 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 license or agreement or any other property. Borrower shall provide written notice to Bank within ten (10) days of entering or becoming bound by any such license or agreement (other than over-the-counter software that is commercially available to the public). Borrower shall take such steps as Bank requests to obtain the consent of, or waiver by, any person whose consent or waiver is necessary for all such licenses or agreements to be deemed “Collateral. The Assignee understands ” 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 (which consent or authorization may include a licensor’s agreement to a contingent assignment of the Claim security interest incorporated license to Bank if Bank determines that is reasonably necessary), whether now existing or entered into in the Collateral is not re-registered in favour of the Assignee and remains registered in favour of the Loan Originatorfuture. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regard.

Collateral. 8.1. This Section shall be applicable if Borrower has good title, has rights in, and the power to transfer each item of the Collateral is expressly indicated among upon which it purports to g▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no deposit accounts other information about than the Claim deposit accounts with Bank, the deposit accounts, if any, described in the Portal. 8.2Perfection 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 Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and Accounts are bona fide, existing at the moment obligations of the assignment arising Account Debtors. All Inventory is in all material respects of good and marketable quality, free from the Collateralmaterial defects. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate. None of the Assignee and remains registered in favour components of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents Collateral shall be maintained at locations other than as provided in the respective pledge registers. 8.4Perfection Certificate or as permitted pursuant to Section 7.2. The Assignee understands and agrees In the event that Borrower, after the Loan Originator during the validity term date hereof, intends to store or otherwise deliver any portion of the Agreement without Collateral to a prior coordination 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. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any material license or other agreement with respect to which Borrower is the Assignee may make licensee (a) that prohibits or otherwise restricts Borrower from granting a security interest in Borrower’s interest in such license or agreement or any amendments other property, or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents (b) for which a default under or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests termination of the Assignee could interfere with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the Bank’s right to sell any Collateral. Without prior consent from Bank, Borrower shall not enter into, or become bound by, any such license or agreement which is reasonably likely to have a material impact on Borrower’s business or financial condition. Borrower shall take such steps as Bank requests to obtain the Collateral consent of, or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediatelywaiver by, but not later than within 5 (five) Business Days from the receipt of Mintos any person whose consent or the Loan Originator’s request to provide Mintos waiver is necessary for all such licenses or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator contract rights to be able deemed “Collateral” and for Bank to execute have a security interest in it that might otherwise be restricted or prohibited by law or by the rights and obligations specified terms of any such license or agreement, whether now existing or entered into in the Agreementfuture. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regard.

Collateral. 8.1Borrower has good title to, has rights in, and the power to transfer each item of the Collateral upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. This Section 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 as otherwise provided in the Perfection Certificate. None of the components of the Collateral shall be applicable if maintained at locations other than as provided in the Perfection Certificate or as Borrower has given Bank notice pursuant to Section 7.2. 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 expressly indicated among other information about the Claim sole owner of its intellectual property comprising Collateral, except for (i) non-exclusive licenses granted to its customers in the Portal. 8.2ordinary course of business, (ii) exclusive licenses granted to its customers in the ordinary course of business, which are exclusive only as to specific channels of trade, and (iii) the Valeant License. The Loan Originator along with Each patent is valid and enforceable, and no part of the Claim shall not transfer intellectual property has been judged invalid or unenforceable, in whole or in part, and to the Assignee all rights related thereto and existing at the moment best of Borrower’s knowledge, no claim has been made that any part of the assignment arising 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. Except as noted on the Perfection Certificate, Borrower is not a party to, nor is bound by, any license or other agreement 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 license or agreement or any other property. Borrower shall provide written notice to Bank within ten 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 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. The Assignee understands ” 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 Claim security interest incorporated license to Bank if Bank determines that is necessary in its good faith judgment), whether now existing or entered into in the Collateral is not re-registered in favour of the Assignee and remains registered in favour of the Loan Originatorfuture. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regard.

Collateral. 8.1Borrower has good title, has rights in, and the power to transfer each item of the Collateral upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. This Section 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. All Inventory is in all material respects of good and marketable quality, free from material defects. No Collateral with an aggregate value in excess of Twenty-Five Thousand Dollars ($25,000.00) per location is in the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate. None of the components of the Collateral shall be applicable if maintained at locations other than as provided in the Perfection Certificate or as permitted pursuant to Section 7.2. In the event that Borrower, after the date hereof, intends to store or otherwise deliver any portion of the Collateral with an aggregate value in excess of Twenty-Five Thousand Dollars ($25,000.00) per location 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 reasonably satisfactory to Bank. Except as noted on the Perfection Certificate, Borrower is expressly indicated among not a party to, nor is bound by, any material license or other information about agreement with respect to which Borrower is the Claim in the Portal. 8.2. The Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and existing at the moment of the assignment arising licensee (a) that prohibits or otherwise restricts Borrower from the Collateral. The Assignee understands that by assignment of the Claim granting a security interest incorporated in the Collateral is not re-registered Borrower’s interest in favour such license or agreement or any other property, or (b) for which a default under or termination of the Assignee and remains registered in favour of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents in the respective pledge registers. 8.4. The Assignee understands and agrees that the Loan Originator during the validity term of the Agreement without a prior coordination could interfere with the Assignee may make any amendments or sign any additional agreements to the Collateral documentation. The Assignee shall recognize such amendments to Collateral documents or additional agreements as binding and not make any complaints in this regard. The Loan Originator undertakes by making amendments or signing additional agreements to the Collateral documents to act in the interests of the Assignee with due care. 8.5. The Loan Originator shall keep all Collateral documentation and originals of the documents related to the registration of the pledge, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal data, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assignee. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the Bank’s right to sell any Collateral. Borrower shall provide written notice to Bank within ten (10) 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. Borrower shall take such steps as Bank reasonably requests to obtain the Collateral consent of, or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediatelywaiver by, but not later than within 5 (five) Business Days from the receipt of Mintos any person whose consent or the Loan Originator’s request to provide Mintos waiver is necessary for all such licenses or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator contract rights to be able deemed “Collateral” and for Bank to execute have a security interest in it that might otherwise be restricted or prohibited by law or by the rights and obligations specified terms of any such license or agreement, whether now existing or entered into in the Agreementfuture. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regard.

Collateral. 8.1. This Section shall be applicable if (a) Borrower has good title to, has rights in, and the power to transfer each item of the Collateral is expressly indicated among upon which it purports to ▇▇▇▇▇ ▇ ▇▇▇▇ hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no deposit account other information about than the Claim deposit accounts with Bank and deposit accounts described in the PortalPerfection Certificate delivered to Bank in connection herewith or as disclosed to Bank pursuant to Section 6.8(b), other than deposit accounts not required to be disclosed pursuant to Section 6.8(b). The Accounts are bona fide, existing obligations of the Account Debtors. 8.2. (b) The Loan Originator along with the Claim shall not transfer to the Assignee all rights related thereto and existing at the moment of the assignment arising from the Collateral. The Assignee understands that by assignment of the Claim security interest incorporated in the Collateral is not re-registered in favour the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate. None of the Assignee and remains registered in favour components of the Loan Originator. 8.3. The Loan Originator handles all matters related to Collateral, including the registration, amending and cancellation of mortgages and commercial pledges, including submits and receives all necessary documents Collateral shall be maintained at locations other than as provided in the respective pledge registers. 8.4Perfection Certificate or as permitted pursuant to Section 7.2. The Assignee understands and agrees In the event that the Loan Originator during the validity term Borrower intends to store or otherwise deliver any portion of the Agreement without Collateral with an aggregate value in excess of $250,000 to any one or more bailees, then Borrower shall, promptly upon Bank’s request therefor, use commercially reasonable efforts to deliver to Bank a prior coordination bailee agreement (in form and substance satisfactory to Bank in its good faith business judgment) duly executed by such bailee. In the event that Bank requests such a bailee agreement and Borrower uses such efforts but does not succeed in delivering such a bailee agreement, Bank may (in its good faith business judgment) maintain a Reserve with the Assignee may make any amendments or sign any additional agreements respect to the Collateral documentationlocated with such bailee. (c) With respect to any leased premises of Borrower at which Collateral with an aggregate value of more than $250,000 is located, Borrower shall, promptly upon Bank’s request therefor, use commercially reasonable efforts to deliver to Bank a landlord agreement (in form and substance satisfactory to Bank in its good faith business judgment) duly executed by the lessor of such leased premises. The Assignee shall recognize In the event that Bank requests such amendments a landlord agreement and Borrower uses such efforts but does not succeed in delivering such a landlord agreement, Bank may (in its good faith business judgment) maintain a Reserve with respect to Collateral documents such leased premises. (d) All Inventory is in all material respects of good and marketable quality, free from material defects. (e) Borrower is the sole owner of the Intellectual Property which it owns or additional agreements as binding and not make any complaints purports to own except for (a) non-exclusive licenses granted to its customers in this regard. The Loan Originator undertakes by making amendments or signing additional agreements the ordinary course of business, (b) over-the-counter software that is commercially available to the Collateral documents public, and (c) material Intellectual Property licensed to act in Borrower and noted on the interests Perfection Certificate. Each Patent which it owns or purports to own and which is material to Borrower’s business is valid and enforceable, and no part of the Assignee with due careIntellectual Property which Borrower owns or purports to own and which is material to Borrower’s business has been judged invalid or unenforceable, in whole or in part. 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 would not reasonably be expected to have a material adverse effect on Borrower’s business. 8.5. The Loan Originator shall keep all Collateral documentation and originals of (f) Except as noted on the documents related to the registration of the pledgePerfection Certificate, including the land register certificate and the deed of commercial pledge registration. The Assignee understands and Borrower is informed that the Loan Originator has an obligation to ensure the confidentiality of the Borrowers’ personal datanot a party to, therefore the Loan Originator shall not issue the documents related to the registration of pledge or their derivatives to the Assigneenor is it bound by, any Restricted License. 8.6. The Loan Originator by fulfilling the task provided by the Assignee pursuant to the Agreement has the right to sell the Collateral or a part thereof pursuant to the Collateral documentation. 8.7. The Assignee has an obligation immediately, but not later than within 5 (five) Business Days from the receipt of Mintos or the Loan Originator’s request to provide Mintos or the Loan Originator with all necessary authority, consents and permits for Mintos or the Loan Originator to be able to execute the rights and obligations specified in the Agreement. 8.8. The Assignee understands and is informed that Mintos and the Loan Originator are not obliged to disclose to the Assignee the information and/or documents related to the enforcement of the Collateral (if any) and/or other debt collection proceedings against the Borrower. The Assignee shall not make any complaints against Mintos, the Loan Originator and the Borrower in this regard.