Reporting Covenant Required Complies. Monthly financial statements with Compliance Certificate Monthly within 30 days Yes No Annual financial statement (CPA Audited) + XX XXX within 180 days Yes No A/R & A/P Agings Monthly within 30 days Yes No Deferred Revenue (if applicable) Monthly within 30 days Yes No Borrowing Base Certificate (if Borrowing Base Eligible and any Advances are outstanding) Monthly within 30 days Yes No Board Projections FYE within 30 days of Board Approval Yes No Performance Pricing Net Cash Applicable Rate Applies Borrowing Base Eligible Net Cash ³ $15,000,000* WSJ Prime + 0.35% Yes No Yes Net Cash < $15,000,000* WSJ Prime + 1.75% Yes No No Non-Formula Loans Net Cash Non-Formula Applicable Rate Applies Non-Formula Loan Eligible Net Cash ³ $15,000,000 WSJ Prime + 1.25% Yes No Yes Net Cash < $15,000,000 WSJ Prime + 1.25% Yes No No Financial Covenant Required Actual Compliance Adjusted Quick Ratio (monthly)* 1.25:1.00 :1.00 Yes No Net Cash* $15,000,000 $ Yes No Unrestricted Cash and Cash Equivalents at Bank and Bank Affiliates** $25,000,000 $ Yes No * Commencing with the month ending November 30, 2017 ** Through October 31, 2017 The following financial covenant analysis and other information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate. All other representations and warranties in this Agreement are true and correct in all material respects on this date, and Borrower represents that there is no existing Event of Default. Sincerely, TINTRI, INC. Signature Title Date
Reporting Covenant Required Complies. Borrowing Base Certificate Monthly within 25 days of month end Yes No Quarterly financial statements with churn report and Compliance Certificate Quarterly within 50 days of quarter end Yes No Annual financial statements (CPA Audited) FYE within 120 days Yes No 10K and 10Q Within 5 days of filing Yes No A/R Audit Semi-annually Yes No IP Notices As required under Section 6.10 Yes No
Reporting Covenant Required Complies. Monthly consolidated and consolidating financial statements with Compliance Certificate Monthly within 30 days Yes No Annual financial statement (CPA Audited) FYE within 270 days Yes No 10-Q, 10-K and 8-K Within 5 days after filing with SEC Yes No Annual Financial Projections Within 30 days after Board approval Yes No 409A Valuation Report Annually or within 30 days of Board approval Yes No The following Intellectual Property was registered after the Effective Date (if no registrations, state "None") _______________________________________________ The following are the exceptions with respect to the certification above: (If no exceptions exist, state "No exceptions to note.") QUANTENNA COMMUNICATIONS, INC. BANK USE ONLY Received by: _________________________ By: _____________________________ AUTHORIZED SIGNER Name: ___________________________ Date: _______________________________ Title: ____________________________ Verified: ____________________________ AUTHORIZED SIGNER Date: _______________________________ Compliance Status: Yes No EXHIBIT C - LOAN PAYMENTIADVANCE REOUEST FORM DEADLINE FOR SAME DAY PROCESSING IS NOON PACIFIC TIME Fax To: (000) 000-0000 Date: ______________________ LOAN PAYMENT: QUANTENNA COMMUNICATIONS. INC. From Account # ___________________________ To Account # ___________________________________ (Deposit Account #) (Loan Account #) Principal $_______________________________ and/or Interest $ ________________________________ Authorized Signature: ______________________ Phone Number: _____________ Print Name/Title: __________________________ LOAN ADVANCE Complete Outgoing Wire Request section below if all or a portion of the funds from this loan advance are for an outgoing wire. From Account # ________________________ To Account # ___________________________________ (Loan Account #) (Deposit Account #) Amount of Advance $, ___________________ All Borrower's representations and warranties in the Mezzanine Loan and Security Agreement are true, correct and complete in all material respects on the date of the request for an advance; provided, however, that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof; and provided, further that those representations and warranties expressly referring to a specific date shall be true, accurate and complete in all material respects as of such date: Authorized Signature: ___________________ Pho...
Reporting Covenant Required Complies. Monthly financial statements with Compliance Certificate Monthly within 30 days Yes No Quarterly financial statements Quarterly within 45 days Yes No Annual financial statement (CPA Audited) + XX XXX within 150 days Yes No 10‑Q, 10‑K and 8-K Within 5 days after filing with SEC Yes No A/R & A/P Agings, and Deferred Revenue reports Monthly within 20 days Yes No Borrowing Base Reports and Inventory reports 15th and last Business Day of each month (monthly within 20 days when a Streamline Period is in effect) and with each request for a Credit Extension; Yes No Projections FYE within 30 days Yes No The following Intellectual Property was registered after the Effective Date (if no registrations, state “None”)____________________________________________________________________________
Reporting Covenant Required Complies. Quarterly financial statements with Compliance Certificate Quarterly within 45 days Yes No Annual financial statement (CPA Audited) FYE within 120 days Yes No 10‑Q, 10‑K and 8-K Within 5 days after filing with SEC Yes No Annual Projections 30 days after FYE Yes No
Reporting Covenant Required Complies. Monthly financial statements with Compliance Certificate Monthly within 30 days Yes No Annual Projections FYE within 45 days Yes No 10-Q, 10-K and 8-K Within 5 days after filing with SEC Yes No A/R & A/P Agings, Deferred Revenue Report Monthly within 15 days Yes No Transaction Report (A) the more frequent of weekly or with each Advance request when there are Advances outstanding or (B) if there are no Advances outstanding, within fifteen (15) days after the end of each month Yes No
Reporting Covenant Required Complies. Borrower prepared financial statements Quarterly within 45 days Yes No Compliance Certificate Quarterly within 45 days Yes No Xxxxx Fargo bank statements Monthly within 15 days Yes No A/R & A/P Agings Within 5 days of 15th and last day of each month Yes No Customer deposit listing Within 5 days of 15th and last day of each month Yes No Borrowing base certificate Within 5 days of 15th and last day of each month Yes No Inventory report Monthly within 15 days Yes No Offsite Inventory listing Monthly within 15 days Yes No Deferred revenue schedule Quarterly within 15 days Yes No Annual financial statements (CPA Audited) FYE within 120 days Yes No Annual financial projections and budget Annual within 30 days before FYE Yes No Federal Tax Returns Annual, within 15 days of filing Yes No 10K and 10Q (as applicable) Yes NO A/R Audit Initial and semi-annual Yes No IP Notices As required under Section 6.10 Yes No
Reporting Covenant Required Complies. Monthly financial statements with Compliance Certificate Monthly within 30 days Yes No Annual financial statement (CPA Audited) + XX XXX within 180 days Yes No A/R & A/P Agings Monthly within 30 days Yes No Deferred Revenue (if applicable) Monthly within 30 days Yes No Borrowing Base Certificate (if Borrowing Base Eligible and any Advances are outstanding) Monthly within 30 days Yes No Board Projections FYE within 30 days of Board Approval Yes No Performance Pricing Net Cash Applicable Rate Applies Borrowing Base Eligible Net Cash ³ $15,000,000* WSJ Prime + 0.35% Yes No Yes Net Cash < $15,000,000* WSJ Prime + 1.75% Yes No No Non-Formula Loans Net Cash Non-Formula Applicable Rate Applies Non-Formula Loan Eligible Net Cash ³ $15,000,000 WSJ Prime + 1.25% Yes No Yes Net Cash < $15,000,000 WSJ Prime + 1.25% Yes No No Financial Covenant Required Actual Compliance Adjusted Quick Ratio (monthly) 1.25:1.00 :1.00 Yes No Net Cash $15,000,000 $ Yes No The following financial covenant analysis and other information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate. All other representations and warranties in this Agreement are true and correct in all material respects on this date, and Borrower represents that there is no existing Event of Default. Sincerely, TINTRI, INC. Signature Title Date
Reporting Covenant Required Complies. Monthly financial statements with Compliance Certificate Monthly within 30 days Yes No Annual financial statement 1CPA Audited) + XX XXX within 150 days Yes Xx 00-X, 00-Xxxx 0-X Within 5 days after filing with SEC Yes No Borrowing Base Certificate A/R & A/P Agings and Purchase Order Reports Monthly within 30 days Yes No Financial Covenant Required Actual Complies Maintain on a Monthly Basis: Minimum Adjusted Quick Ratio 1.00:1.00 :1.00 Yes No Minimum Tangible Net Worth $ $ Yes No The following financial covenant 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.”) [Borrower name] BANK USE ONLY By: Received by: Name: AUTHORIZED SIGNER Title: Date: Verified: AUTHORIZED SIGNER Date: Compliance Status: Yes No Schedule 1 to Compliance Certificate
Reporting Covenant Required Complies. Monthly financial statements with Compliance Certificate Monthly within 30 days Yes No Annual projections FYE within 30 days Yes No 10-Q, 10-K and 8-K Within 5 days after filing with SEC Yes No A/R & A/P Agings Monthly within 20 days Yes No Transaction Report Weekly when not on Streamline, Monthly within 20 days when on Streamline and with each Advance request Yes No The following Intellectual Property was registered (or a registration application submitted) after the Effective Date (if no registrations, state “None”) ___________________________________________________________________________________________ ___________________________________________________________________________________________
