0001193125-11-162771 Sample Contracts

Security Agreement
Security Agreement • June 10th, 2011 • EPAM Systems, Inc. • New Jersey

THIS SECURITY AGREEMENT (this “Agreement”), dated as of the 22nd day of November, 2006, is made by EPAM SYSTEMS, INC. (the “Grantor”), with an address at 989 Lenox Drive, Suite 305, Lawrenceville, New Jersey 08648, in favor of PNC BANK, NATIONAL ASSOCIATION (the “Bank”), with an address at Two Tower Center Boulevard, East Brunswick, New Jersey 08816.

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EPAM SYSTEMS, INC. AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • June 10th, 2011 • EPAM Systems, Inc. • New York

THIS AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made and entered into as of February 19, 2008, by and among: (i) EPAM Systems, Inc., a Delaware corporation (the “Company”); (ii) each of the Series A-1 Investors (as defined below); (iii) each of the Series A-2 Investors (as defined below); and (iv) each of the Common Stockholders (as defined below). The Series A-1 Investors and the Series A-2 Investors are referred to herein, collectively, as the “Investors”.

Borrowing Base Rider
EPAM Systems, Inc. • June 10th, 2011

THIS BORROWING BASE RIDER (“Rider”) is executed as of the 22nd day of November, 2006, by and between EPAM SYSTEMS, INC. (the “Borrower”) with an address at 989 Lenox Drive, Suite 305, Lawrenceville, New Jersey 08648, and PNC BANK, NATIONAL ASSOCIATION (the “Bank”), with an address at Two Tower Center Boulevard, East Brunswick, New Jersey 08816. This Rider is incorporated into and made part of that certain Letter Agreement and promissory note of even date, and also into certain other financing documents and security agreements executed by and between the Borrower and the Bank (all such documents including this Rider are collectively referred to as the “Loan Documents”). All initially capitalized terms not otherwise defined in this Rider shall have the same meanings assigned to such terms in the other Loan Documents.

EPAM SYSTEMS, INC. REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • June 10th, 2011 • EPAM Systems, Inc. • New York

THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made and entered into as of April 26, 2010, by and between EPAM Systems, Inc., a Delaware corporation (the “Company”), and Rainmeadow Holdings Limited, a company incorporated in Cyprus with registered number 240266 (“Rainmeadow”).

First Amendment to Loan Documents
Loan Documents • June 10th, 2011 • EPAM Systems, Inc.

THIS FIRST AMENDMENT TO LOAN DOCUMENTS (this “Amendment”) is made as of September 30, 2010, by and between EPAM SYSTEMS, INC. (the “Borrower”), and PNC BANK, NATIONAL ASSOCIATION (the “Bank”).

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