Common use of Financial Covenant Required Actual Complies Clause in Contracts

Financial Covenant Required Actual Complies. Minimum Liquidity (at all times) $2,000,000 $________ Yes No Performance Pricing Applies Streamline Period Prime + 1.25% Yes No Not in Streamline Period Prime + 2.25% 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.”) Voxware, Inc. 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 Covenant Required Actual Complies. Maintain on an applicable Quarterly Basis: Minimum Liquidity (at all times) Tangible Net Worth $2,000,000 $________ 85MM plus 50% of new net equity proceeds and 50% of quarterly profits, in each case since , 2009 $ Yes No Performance Pricing Applies Streamline Period Prime + 1.25% Yes No Not in Streamline Period Prime + 2.25% Minimum Quick Ratio 1.25:1.00 :1.0 Yes No The following financial covenant analyses 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.”) Voxware, Inc. BANK USE ONLY Received by: _____________________________ By: ___________________________________________________________________ AUTHORIZED SIGNER Name: _______________________________________ Date: ___________________________________ Title: ________________________________________ Verified: _________________________________ AUTHORIZED SIGNER Date: _______________________________________________________________ 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 CertificateCertificate Financial Covenants of Borrower Dated:

Financial Covenant Required Actual Complies. Maintain as indicated: Minimum Liquidity (at all times) $2,000,000 $________ 5,000,000 $ Yes No Performance Pricing Applies Streamline Period Prime + 1.25% Minimum Recurring Revenue See Sec 6.9(b) $ Yes No Not in Streamline Period Prime + 2.25% 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.”) Voxware, Inc. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- WORKIVA LLCWORKIVA INTERNATIONAL LLC By: Name: Title: BANK USE ONLY Received by: _____________________________ By: _________________________________________ AUTHORIZED SIGNER Name: _______________________________________ Date: ___________________________________ Title: ________________________________________ Verified: _________________________________ AUTHORIZED SIGNER Date: ___________________________________ Compliance Status: Yes No Schedule 1 to Compliance CertificateCertificate 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.

Financial Covenant Required Actual Complies. Maintain as indicated: Minimum Liquidity (monthly) [1.60] [1.75]:1.00 :1.00 Yes No Minimum EBITDA (quarterly, on a [T6M][T5M] basis) * $ Yes No Maximum Subsidiary Indebtedness (at all times) <$2,000,000 1,000,000 $________ Yes No Performance Pricing Applies Streamline Period Prime + 1.25% EQUITY EVENT 2018 ** $______ Yes No Not in Streamline Period Prime + 2.25% Yes No *See Section 6.9(b)**See Section 6.9(d) 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.”) Voxware--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- SONIC FOUNDRY, Inc. INC.SONIC FOUNDRY MEDIA SYSTEMS, INC. By: Name: Title: BANK USE ONLY Received by: _____________________________ By: _________________________________________ AUTHORIZED SIGNER Name: _______________________________________ authorized signer Date: ___________________________________ Title: ________________________________________ Verified: _________________________________ AUTHORIZED SIGNER authorized signer Date: ___________________________________ Compliance Status: :Yes No Schedule 1 to Compliance CertificateNo

Financial Covenant Required Actual Complies. Minimum Maintain: Liquidity (at all times) $2,000,000 1,000,000 $_________ Yes No Performance Pricing Applies Streamline Period Prime + 1.25% EBITDA $_______* $_________ Yes No Not *As set forth in Streamline Period Prime + 2.25% Yes No Sections 6.9(b) and 6.9(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.”) VoxwareParadigm Holdings, Inc. BANK USE ONLY Received by: _____________________________ Paradigm Solutions Corporation By: _________________________________________ AUTHORIZED SIGNER Name: _______________________________________ Date: ___________________________________ Title: _________________________________ BANK USE ONLY Received by: __________________________ AUTHORIZED SIGNER Date: _______________________________ Verified: _________________________________ AUTHORIZED SIGNER Date: ___________________________________ Compliance Status: Yes No Schedule 1 to Compliance CertificateCertificate Financial Covenants of Borrower Dated: ____________________

Financial Covenant Required Actual Complies. Maintain as indicated: Minimum Liquidity (at all times) $2,000,000 $________ 5,000,000 $ Yes No Performance Pricing Applies Streamline Period Prime + 1.25% Minimum Recurring Revenue See Sec 6.9(b) $ Yes No Not in Streamline Period Prime + 2.25% 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.”) Voxware, Inc. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- WORKIVA LLCWORKIVA INTERNATIONAL LLC By: _______________Name: _____________Title: ______________ BANK USE ONLY Received by: _____________________________ By: _________________________________________ AUTHORIZED SIGNER Name: _______________________________________ Date: ___________________________________ Title: ________________________________________ Verified: _________________________________ AUTHORIZED SIGNER Date: ___________________________________ Compliance Status: Yes No Schedule 1 to Compliance CertificateCertificate 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.

Financial Covenant Required Actual Complies. Minimum Liquidity Adjusted Quick Ratio (at all timesMonthly) $2,000,000 $1.0:1.0 ________ :1.0 Yes No Performance Pricing Applies Streamline Period Prime + 1.25% Minimum Net Profit (Quarterly) $ * $ Yes No Not *As set forth in Streamline Period Prime + 2.25% Yes No Section 6.7(b) 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.”) Voxware, Inc. BANK USE ONLY Received by: _____________________________ By: _________________________________________________________________________ AUTHORIZED SIGNER Name: _____________________________________________________________________________________________________ DateAlvarion Ltd. By: Name: Title: Alvarion, Inc. By: _________________________________ Name: ______________________________ Title: _______________________________ BANK USE ONLY Received by: _____________________ authorized signer Date: _________________________ Verified: _________________________________ AUTHORIZED SIGNER authorized signer Date: ___________________________________ Compliance Status: Yes No Schedule 1 to Compliance CertificateCertificate Financial Covenants of Borrower Dated: ____________________

Financial Covenant Required Actual Complies. Maintain as indicated: Minimum Liquidity (at all times) Cash 3,00,000 $2,000,000 $________ Yes No Performance Pricing Applies Streamline Period Prime + 1.25% Yes No Not in Streamline Period Prime + 2.25% Liquidity Coverage Ratio >1.75:1.00 :1.00 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.”) Voxware--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- XXXX INNOVATIONS INCORPORATEDLUNA TECHNOLOGIES, Inc. INC.ADVANCED PHOTONIX, INC.PICOMETRIX, LLC By: Name: Title: 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 Dated: ___________ Compliance Status: Yes No Schedule 1 to Compliance Certificate__________

Financial Covenant Required Actual Complies. Maintain as indicated: Minimum Liquidity (at all times) Cash ** $2,000,000 $________ Yes No Performance Pricing Applies Streamline Period Prime + 1.25% Liquidity Coverage Ratio >1.50:1.00 :1.00 Yes No Not in Streamline Period Prime + 2.25% Yes No **See Section 6.9(a) 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.”) Voxware--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- XXXX INNOVATIONS INCORPORATEDLUNA TECHNOLOGIES, Inc. INC.ADVANCED PHOTONIX, INC.PICOMETRIX, LLC By: Name: Title: 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 Covenant Required Actual Complies. Minimum Liquidity (at all times) Maintain, to be tested monthly: Tangible Net Worth $2,000,000 500,000 $________ Yes No Performance Pricing Applies Streamline Period Prime + 1.25% Yes No Not in Streamline Period Prime + 2.25% 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.”) VoxwareWORLD ENERGY SOLUTIONS, Inc. BANK USE ONLY Received by: INC. By:_____________________________ By: Name:___________________________ Title:____________________________ WORLD ENERGY SECURITIES CORP. By:_____________________________ AUTHORIZED SIGNER Name: :___________________________ Title:____________________________ DateBANK USE ONLY Received by: ___________________________________ Titleauthorized signer Date: ________________________________________ Verified: _________________________________ AUTHORIZED SIGNER authorized signer Date: ___________________________________ Compliance Status: Yes No Schedule 1 to Compliance CertificateCertificate Financial Covenants of Borrower Dated: ____________________