WAIVER TO CREDIT AGREEMENTCredit Agreement • September 1st, 2016 • Benefitfocus,Inc. • Services-prepackaged software • New York
This Waiver to Credit Agreement (this “Waiver”), dated as of September 1, 2016 (the “Waiver Effective Date”) is entered into by and among BENEFITFOCUS, INC., a Delaware corporation (the “Parent”), BENEFITFOCUS.COM, INC., a South Carolina corporation (“Benefitfocus.com”), and BENEFITSTORE, INC., a South Carolina corporation (“BenefitStore”, and together with the Parent and Benefitfocus.com, each individually, a “Borrower”, and collectively, the “Borrowers”), the several banks and other financial institutions or entities party hereto (each a “Lender” and, collectively, the “Lenders”), and SILICON VALLEY BANK, as administrative agent and collateral agent for the Lenders (in such capacity, the “Administrative Agent”).
