Financial Covenant Required Actual Complies. Maintain on a Quarterly Basis: Minimum Trailing 6-Month Bookings* 6 months ending 12/31/14 $28,908,000 $_ Yes No 6 months ending 3/31/15 $30,737,000 $_ Yes No 6 months ending 6/30115 $35,612,000 $_ Yes No 6 months ending 9/30115 $41,608,000 $_ Yes No 6 months ending 12/31/15 $46,384,000 $_ Yes No 2016 and thereafter [See Section 6.9] $_ Yes No * Only required if the Covenant Threshold is not met. [Continued on following page.] The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) Adaptive Insights, Inc. BANK USE ONLY By Received by: Name: AUTHORIZED SIGNER Title: Date: Verified: AUTHORIZED SIGNER Date: Compliance Status: Yes No EXHIBIT C – LOAN PAYMENT/ADVANCE REQUEST FORM DEADLINE FOR SAME DAY PROCESSING IS NOON PACIFIC TIME Fax To: Date: LOAN PAYMENT: ADAPTIVE INSIGHTS, INC. From Account # To Account# (Deposit Account #) (Loan Account #) Principal $ and/or Interest $ Authorized Signature: Phone Number: Print Name/Title: Telephone #: LOAN ADVANCE: Complete Outgoing Wire Request section below all or a portion of the funds from this loan advance are for an outgoing wire. From Account # To Account# (Loan Account #) (Deposit Account #) Amount of Advance $ All Borrower’s representations and warranties in the Loan and Security Agreement are true, correct and complete in all material respects on the date of the request for an advance; provided, however, that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof; and provided, further that those representations and warranties expressly referring to a specific date shall be true, accurate and complete in all material respects as of such date: Authorized Signature: Phone Number: Print Name/Title: Telephone #: OUTGOING WIRE REQUEST: Complete only if all or a portion of funds from the loan advance above is to be wired. Deadline for same day processing is noon, Pacific Time Beneficiary Name: Amount of Wire:$ Beneficiary Bank: Account Number: City and State: Beneficiary Bank Transit (ABA) #: Beneficiary Bank Code (Swift, Sort, Chip, etc.): (For International Wire Only) Intermediary Bank: Trust (ABA) #: For Further Credit to: Special Instruction: By signing below, I (we) acknowledge and agree that my (our) funds transfer request shall be processed in accordance with and subject to the terms and conditions set forth in the agreements(s) c...
Financial Covenant Required Actual Complies. Adjusted Quick Ratio 1.05:1.00 ____:1.00 Yes No Maintain on a Quarterly Basis: Minimum EBITDA Fiscal Quarter End Minimum EBITDA Yes No March 28, 2014 ($17,000,000) June 27, 2014* ($27,000,000) September 26, 2014* ($12,000,000) December 26, 2014* ($8,000,000) March 27, 2015* ($3,000,000) June 26, 2015* $1.00 September 25, 2015 and thereafter* TBD *measured on a trailing two fiscal quarter basis The following financial covenant analys[is][es] and information set forth in Schedule 1 attached hereto are true and accurate as of the date this Certificate is delivered to Bank as set forth in the first line of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ADMINISTRATIVE BORROWER: AVIAT NETWORKS, INC. By: ______________________________ Name: ________________________ Title: ________________________ BANK USE ONLY Received by: _________________________ AUTHORIZED SIGNER Date: _______________________________ Verified: ____________________________ AUTHORIZED SIGNER Date: _______________________________ Compliance Status: Yes No Schedule 1 to Compliance Certificate Financial Covenants of Borrower In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. Dated: ____________________
Financial Covenant Required Actual Complies. Maintain on a Monthly Basis: Minimum Tangible Net Worth $12,500,000 plus (i) 50% of new equity and sub debt plus (ii) 50% of quarterly net income on or after March 31, 2010 $_______ Yes No The following financial covenant analysis and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Energy and Power Solutions, Inc. By:__________________________________ Name:________________________________ Title:_________________________________ BANK USE ONLY Received by: _____________________ authorized signer Date: _________________________ Verified: ________________________ authorized signer Date: _________________________ Compliance Status: Yes No
Financial Covenant Required Actual Complies. Maintain: Minimum Bookings (measured quarterly) $ * $ Yes No * Period Minimum Bookings Requirement 3-month period ending September 30, 2011 $9,600,000 6-month period ending December 31, 2011 $20,800,000 3-month period ending March 31, 2012 ** 6-month period ending June 30, 2012 ** 9-month period ending September 30, 2012 ** 12-month period ending December 31, 2012, and each applicable period ending on each fiscal quarter thereafter ** ** The minimum bookings requirement for each applicable cumulative period ending on the last day of each fiscal quarter shall be determined by Bank based on Borrower’s board-approved plan for such fiscal year delivered in accordance with Section 6.2, such covenant to be set in a manner (but not in amounts) consistent with the 2011 covenant. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) FireEye, Inc. BANK USE ONLY Received by: By: AUTHORIZED SIGNER Name: Date: Title: Verified: AUTHORIZED SIGNER Date: Compliance Status: Yes No EXHIBIT E BORROWING RESOLUTIONS CORPORATE BORROWING CERTIFICATE BORROWER: FireEye, Inc. DATE: BANK: Silicon Valley Bank I hereby certify as follows, as of the date set forth above:
Financial Covenant Required Actual Complies. Maintain on an applicable Quarterly Basis: Minimum Tangible Net Worth $85MM plus 50% of new net equity proceeds and 50% of quarterly profits, in each case since , 2009 $ Yes No Minimum Quick Ratio 1.25:1.00 :1.0 Yes No The following financial covenant analys[is][es] and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) _______________________________________________________________________________________________ _______________________________________________________________________________________________ _______________________________________________________________________________________________ 3PAR INC. BANK USE ONLY By: Received by: Name: AUTHORIZED SIGNER Title: Date: Verified: AUTHORIZED SIGNER Date: Compliance Status: Yes No Schedule 1 to Compliance Certificate Financial Covenants of Borrower Dated:
Financial Covenant Required Actual Complies. Maintain at all times: Adjusted Quick Ratio (to be tested on the last day of each month) 1.20:1.0 ____:1.0 Yes No Maximum EBITDA Loss (to be reported on the last day of each quarter) $* $________ Yes No *As set forth in Section 6.7(c) of the Agreement. The following financial covenant analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- CHYRON CORPORATION By: Name: Title: BANK USE ONLY Received by: authorized signer Date: Verified: authorized signer Date: Compliance Status: Yes No
Financial Covenant Required Actual Complies. Maintain on a Monthly Basis: Minimum Adjusted Quick Ratio 1.25:1.00 _____:1.00 Yes No
Financial Covenant Required Actual Complies. Maintain as indicated: Minimum Adjusted Quick Ratio (Monthly) * ___:1.00 Yes No Minimum Fixed Charge Coverage Ratio (Quarterly) ** ___:1.00 Yes No * See Section 6.9(a) ** See Section 6.9(b) The following financial covenant analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) TELECOMMUNICATION SYSTEMS, INC. AGENT USE ONLY LONGHORN ACQUISITION, LLC SOLVERN INNOVATIONS, INC. QUASAR ACQUISITION, LLC NETWORKS IN MOTION, INC. Received by: authorized signer Date: By: Name: Verified: authorized signer Title: Date: Compliance Status: Yes No Schedule 1 to Compliance Certificate Financial Covenants of Borrower Dated:
Financial Covenant Required Actual Complies. Maintain as indicated: Minimum EBITDA * $ Yes No Minimum Adjusted Quick Ratio 1.20 to 1.00 to 1.00 Yes No *See Section 6.9
Financial Covenant Required Actual Complies. Maintain as indicated: Minimum Revenue * $ Yes No * See Section 6.9(b) Streamline Period - Performance Pricing Applies Adjusted Quick Ratio ³ 1.15:1.00 Prime + 1.50% Yes No Adjusted Quick Ratio < 1.15:1.00 Prime + 2.50% Yes No The following financial covenant analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) EndoChoice, Inc., et al. BANK USE ONLY Received by: By: AUTHORIZED SIGNER Name: Date: Title: Verified: AUTHORIZED SIGNER Date: Compliance Status: Yes No Schedule 1 to Compliance Certificate Financial Covenants of Borrower
