Financial Covenants Required Actual Complies. Maintain as indicated Minimum Liquidity Ratio (when required; monthly – quarterly if no outstanding Advances) 2.00:1.00 :1.00 Yes No Minimum Fixed Charge Coverage Ratio (when required) 1.50:1.00 :1.00 Yes No Minimum EBITDA (no worse than) (when required) ($ 10,000,000 ) $ Yes No * See Loan Agreement Performance Pricing/Streamline Period Streamline Requirement Met? See Loan Agreement Yes No Yes, interest rate on Advances equal to the Prime Rate No, interest rate on Advances equal to the Prime Rate plus one and one-quarter percent (1.25%) Borrower is party to, or bound by, the following material Restricted Licenses that were not previously noted in the Perfection Certificate or a prior Compliance Certificate: . Borrower intends to register the following copyrights or mask works with the United States Copyright Office that were not previously noted in a prior Compliance Certificate: . Borrower has (i) obtained the following Patents, registered Trademarks, registered Copyrights, registered mask work, or any pending application for any of the foregoing, whether as owner, licensee or otherwise, and (ii) applied for the following Patents and the registration of the following Trademarks; in each case, that were not previously noted in the Perfection Certificate or a prior Compliance Certificate (to be reported on as part of the Compliance Certificate due following the last month of each fiscal quarter): . 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.”) ATRICURE, INC. ATRICURE, LLC ENDOSCOPIC TECHNOLOGIES, LLC By: Name: Title: BANK USE ONLY Received by: AUTHORIZED SIGNER Date: Verified: AUTHORIZED SIGNER Date: Compliance Status: Yes No
Financial Covenants Required Actual Complies. Maintain at all times: Adjusted Quick Ratio (at all times; tested quarterly) > 1.35 : 1.0 ______ : 1.0 Yes No Adjusted EBITDA (trailing 12-month; tested quarterly) (only tested for periods in which Adjusted Quick Ratio is less than 2.50:1.0) > _______* $________ Yes No N/A * As set forth in Section 6.7(b). 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.”) -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- APPIAN CORPORATION By: Name: Title: BANK USE ONLY Received by: _____________________ AUTHORIZED SIGNER Date: _________________________ Verified: ________________________ AUTHORIZED SIGNER Date: _________________________ Compliance Status: Yes No Confidential and Proprietary CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE COPY FILED HEREWITH OMITS THE INFORMATION SUBJECT TO A CONFIDENTIALITY REQUEST. OMISSIONS ARE DESIGNATED [***]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.
Financial Covenants Required Actual Complies. TO BE TESTED QUARTERLY, UNLESS OTHERWISE NOTED: Minimum Recurring Subscription Revenue See Section 6.8 $__________________________ YES NO
Financial Covenants Required Actual Complies. Borrower has: Definitive agreement and closed and funded by April 30, 2019 for: (a) milestone or up-front payments in the aggregate amount of at least $4,000,000 and (b) securing at least 1 new pharmaceutical partnership Yes No
Financial Covenants Required Actual Complies. Minimum EBITDA (tested quarterly) * $ YES NO Minimum Liquidity Ratio (tested monthly) 1.00:1.00 _______:________ YES NO Minimum Cash on deposit with Agent or Lenders (tested as of the 15th day of each month and the last day of each month) $ 30,000,000 $ (as of 15th day of month) $ (as of last day of month) YES NO
Financial Covenants Required Actual Complies. Minimum revenue* 75% of projected revenue $_______ Yes No *measured monthly, on a trailing 6-month basis The 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.”) ------------------------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------------------------------ ------------- AltheaDx, Inc. BANK USE ONLY Received by:____________________________ AUTHORIZED SIGNER By:______________________________ Name:___________________________ Date: __________________________________ Title:____________________________ Verified:________________________________ AUTHORIZED SIGNER Date: __________________________________ Compliance Status: Yes No Schedule 1 to Compliance Certificate
Financial Covenants Required Actual Complies. Maintain on a monthly basis Adjusted Quick Ratio 1.15:1.00 :1.00 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.
Financial Covenants Required Actual Complies. Maintain on a Monthly Basis: Minimum Adjusted Quick Ratio 1.50:1.00 ___ :1.00 Yes No Performance Pricing Applies Liquidity < $10,000,000 Prime + 1.75% Yes No $10,000,000 < Liquidity < $20,000,000 Prime + 0.50% Yes No Liquidity > $20,000,000 Prime + 0.00% Yes No Streamline Calculation Required Actual Complies Lowest Liquidity during prior calendar month $8,000,000 $____ 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.”) TRUECAR, INC., on behalf of itself and the other Borrowers BANK USE ONLY Received by: AUTHORIZED SIGNER By: Date: Name: Title: Verified: AUTHORIZED SIGNER Date: Compliance Status: Yes No Schedule 1 to Compliance Certificate
Financial Covenants Required Actual Complies. Maintain as indicated: Adjusted Quick Ratio (tested quarterly) See attached schedule See attached schedule Yes No Adjusted EBITDA (tested quarterly) See attached schedule See attached schedule Yes No Performance Pricing
Financial Covenants Required Actual Complies. Maintain on a Monthly Basis: Current Ratio of at least* :1.00 :1.00 Yes No * See Section 6.9(a). Performance Pricing Applies Streamline Eligible (a) Prime or (b) LIBOR plus 2.75% Yes No Not Streamline Eligible Prime + 1.0% Yes No
