Common use of Exim Notification Clause in Contracts

Exim Notification. Silicon has the right to immediately notify Exim Bank in writing if it has knowledge of any of the following events: (1) any failure to pay any amount due under this Agreement; (2) the Exim Borrowing Base is less than the sum of the outstanding Exim Loans; (3) any failure to pay when due any amount payable to Silicon under any Loan owing by Borrower to Silicon; (4) the filing of an action for debtor’s relief by, against or on behalf of Borrower; (5) any threatened or pending material litigation against Borrower, or any dispute involving Borrower. If Silicon sends a notice to Exim Bank, Silicon has the right to send Exim Bank a written report on the status of events covered by the notice every thirty (30) days after the date of the original notification, until Silicon files a claim with Exim Bank or the defaults have been cured (but no Loans may be required during the cure period unless Exim Bank gives its written approval). If directed by Exim Bank, Silicon will have the right to exercise any rights it may have against Borrower to demand the immediate repayment of all amount outstanding under the Loans. Borrower: Silicon: TELECOMMUNICATION SYSTEMS, INC. SILICON VALLEY BANK By /s/T▇▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇. President or Vice President By L▇▇▇▇ ▇▇▇▇▇▇ Title VP By /s/B▇▇▇▇ ▇. ▇▇▇▇▇ Secretary or Ass’t Secretary This Schedule forms an integral part of the Amended and Restated Loan and Security Agreement between Silicon Valley Bank and the above-borrower of even date.

Exim Notification. Silicon has the right to immediately notify Exim Bank in writing if it has knowledge of any of the following events: (1) any failure to pay any amount due under this Agreement; (2) the Exim Borrowing Base is less than the sum of the outstanding Exim Loans; (3) any failure to pay when due any amount payable to Silicon under any Loan owing by Borrower to Silicon; (4) the filing of an action for debtor’s relief by, against or on behalf of Borrower; (5) any threatened or pending material litigation against Borrower, or any dispute involving Borrower. If Silicon sends a notice to Exim Bank, Silicon has the right to send Exim Bank a written report on the status of events covered by the notice every thirty (30) days after the date of the original notification, until Silicon files a claim with Exim Bank or the defaults have been cured (but no Loans may be required during the cure period unless Exim Bank gives its written approval). If directed by Exim Bank, Silicon will have the right to exercise any rights it may have against Borrower to demand the immediate repayment of all amount outstanding under the Loans. Borrower: Silicon: TELECOMMUNICATION SYSTEMS, INC. INC SILICON VALLEY BANK By /s/T▇▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇. By President or Vice President Title By L▇▇▇▇ ▇▇▇▇▇▇ Title VP By /s/B▇▇▇▇ ▇. ▇▇▇▇▇ Secretary or Ass’t Secretary This Schedule forms an integral part of the Amended and Restated Loan and Security Agreement between Silicon Valley Bank and the above-borrower of even date.

Exim Notification. Silicon has the right to immediately notify Exim Bank in writing if it has knowledge of any of the following events: (1) any failure to pay any amount due under this Agreement; (2) the Exim Borrowing Base is less than the sum of the outstanding Exim Loans; (3) any failure to pay when due any amount payable to Silicon under any Loan owing by Borrower to Silicon; (4) the filing of an action for debtor’s relief by, against or on behalf of Borrower; (5) any threatened or pending material litigation against Borrower, or any dispute involving Borrower. If Silicon sends a notice to Exim Bank, Silicon has the right to send Exim Bank a written report on the status of events covered by the notice every thirty (30) days after the date of the original notification, until Silicon files a claim with Exim Bank or the defaults have been cured (but no Loans may be required during the cure period unless Exim Bank gives its written approval). If directed by Exim Bank, Silicon will have the right to exercise any rights it may have against Borrower to demand the immediate repayment of all amount outstanding under the Loans. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ Second Amended and Restated Loan and Security Agreement Borrower: Silicon: TELECOMMUNICATION SYSTEMS, INC. SILICON VALLEY BANK By /s//s/ T▇▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇. President or Vice President By L/s/ P▇▇▇▇ ▇▇▇▇▇▇▇▇ Title VP By /s/BTitle: Senior Vice President and CFO Title: Relationship Manager Name: T▇▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇. Name: P▇▇▇▇ Secretary or Ass’t Secretary ▇▇▇▇▇▇▇▇ This Schedule forms an integral part of the Second Amended and Restated Loan and Security Agreement between Silicon Valley Bank and the above-borrower of even date.