Performance Pricing Applies. Adjusted Quick Ratio at least 1.50:1.00 Prime + 0.75% (Eligible Accounts) or Prime + 1.25% (Eligible Foreign Accounts); Yes No Adjusted Quick Ratio less than 1.50:1.00 Prime + 1.50% (Eligible Accounts); Prime + 2.00% (Eligible Foreign Accounts) 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.”) --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ASPEN AEROGELS, INC. By: Name: Title: BANK USE ONLY Received by: _____________________ authorized signer Date: _________________________ Verified: ________________________ authorized signer Date: _________________________ Compliance Status:Yes No
Performance Pricing Applies. Prior to receipt of Grant Proceeds Prime Yes No On and after receipt of Grant Proceeds Prime - 0.5% Yes No
Performance Pricing Applies. Applies only to the Revolving Line and only after Borrower achieves Quick Ratio equal to or greater than 1.0 to 1.0 and only if Borrower continues to achieve a Quick Ratio equal to or greater than 1.0 to 1.0 Yes No Quick Ratio < 1.0 to 1.0 Greater of (i) Prime + 1.25% or (ii) 4.00% Yes No Quick Ratio > 1.0 to 1.0 Greater of (i) Prime + 0.75% or (ii) 4.00% 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. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) LANTRONIX, 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
Performance Pricing Applies. Adjusted Quick Ratio at least 1.50:1.00 Prime + 0.75% (Eligible Accounts) or Prime + 1.25% (Eligible Foreign Accounts); LIBOR + 3.75% (Eligible Accounts) or LIBOR +4.25% (Eligible Foreign Accounts) Yes No Adjusted Quick Ratio less than 1.50:1.00 Prime + 1.50% (Eligible Accounts); Prime + 2.00% (Eligible Foreign Accounts) 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.”) ASPEN AEROGELS, INC. By: Name: Title: BANK USE ONLY Received by: _____________________ authorized signer Date: _________________________ Verified: ________________________ authorized signer Date: _________________________ Compliance Status:Yes No
Performance Pricing Applies. Liquidity Coverage Ratio > 2.75 to 1.0 Prime + 1.0% or LIBOR plus 3.50% Yes No Liquidity Coverage Ratio < 2.75 to 1.0 Prime + 1.50% or LIBOR plus 4.0% Yes No The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) SYNACOR, INC. BANK USE ONLY By: Received by: AUTHORIZED SIGNER Name: Date: Title: Verified: AUTHORIZED SIGNER Date: Compliance Status: Yes No NTV INTERNET HOLDINGS, LLC By: Name: Title: SYNC HOLDINGS, LLC By: Name: Title:
Performance Pricing Applies. AQR ≥ 1.00:1.00 Prime + 1.75% Yes No AQR < 1.00:1.00 Prime + 2.75% Yes No Streamline Period Applies Trailing 3-Month Revenue > 80% of projected revenue** Streamline Period Yes No Trailing 3-Month Revenue < 80% of projected revenue** Non-Streamline Period Yes No ** 85% for the 3 months ending 8/31/15 and thereafter The following financial 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.”) Digital Turbine Media, Inc. By: Name: Title: BANK USE ONLY Received by: _____________________ authorized signer Date: _________________________ Verified: ________________________ authorized signer Date: _________________________ Compliance Status:Yes No 918981.5 Schedule 1 to Compliance Certificate
Performance Pricing Applies. Liquidity Ratio < 1.35 to 1.00 LIBOR + 3.75%, Base Rate + 1.75%, Unused Fee 0.50% Yes No Liquidity Ratio ³ 1.35 to 1.00 but £ 1.50 to 1.00 LIBOR + 3.50%, Base Rate + 1.50%, Unused Fee 0.375% Yes No Liquidity Ratio > 1.50 to 1.00 LIBOR + 3.25%, Base Rate + 1.25%, Unused Fee 0.25% 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.”) MINDSPEED TECHNOLOGIES, INC. BANK USE ONLY Received by: By: AUTHORIZED SIGNER Name: Date: Title: Verified: AUTHORIZED SIGNER Date: Compliance Status: Yes No
Performance Pricing Applies. Applies only to the Revolving Line and only after Borrower achieves Quick Ratio equal to or greater than 1.0 to 1.0 and only if Borrower continues to achieve a Quick Ratio equal to or greater than 1.0 to 1.0 Yes No Quick Ratio < 1.0 to 1.0 Greater of (i) Prime + 1.25% or (ii) 4.00% Yes No Quick Ratio > 1.0 to 1.0 Greater of (i) Prime + 0.75% or (ii) 4.00% 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. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- LANTRONIX, 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 Dated: ____________________ Tangible Net Worth (Section 6.9(a)) Required Amount: $6,000,000 plus (i) 50% of consideration for equity securities and subordinated debt plus (ii) 50% of Borrower’s quarterly net income Actual:
Performance Pricing Applies. Applies only to the Revolving Line and only after Borrower achieves EBITDA greater than $1.00 for two consecutive fiscal quarters (commencing with the fiscal quarter ending September 30, 2011 or any fiscal quarter ending thereafter) and only if Borrower continues to achieve EBITDA greater than $1.00 for each subsequent fiscal quarter) Yes No EBITDA < $1.00 Greater of (i) Prime + 1.00% or (ii) 5.00% Yes No EBITDA > $1.00 Greater of (i) Prime + 0.50% or (ii) 5.00% Yes No Applies only to the Term Loan and only after Borrower achieves EBITDA greater than $1.00 for two consecutive fiscal quarters (commencing with the fiscal quarter ending September 30, 2011 or any fiscal quarter ending thereafter) and only if Borrower continues to achieve EBITDA greater than $1.00 for each subsequent fiscal quarter) Yes No EBITDA < $1.00 Prime + 3.00% Yes No EBITDA > $1.00 Prime + 1.50% 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.”) ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------- LANTRONIX, 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: ____________________ Tangible Net Worth (Section 6.9(a)) Required Amount: $2,500,000 plus 50% of consideration for equity securities and subordinated debt Actual:
Performance Pricing Applies. Adjusted Quick Ratio at least 1.50:1.00 Prime + 0.75% (Eligible Accounts) or Prime + 1.25% (Eligible Foreign Accounts); LIBOR + 3.75% (Eligible Accounts) or LIBOR +4.25% (Eligible Foreign Accounts) Yes No Adjusted Quick Ratio less than 1.50:1.00 Prime + 1.50% (Eligible Accounts); Prime + 2.00% (Eligible Foreign Accounts) 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.”) ASPEN AEROGELS, INC. BANK USE ONLY By: Received by: Name: authorized signer Title: Date: Verified: authorized signer Date: Compliance Status: Yes No
