Common use of Financial Covenant Required Actual Complies Clause in Contracts

Financial Covenant Required Actual Complies. Maintain: Liquidity $1,000,000 $_________ Yes No EBITDA $_______* $_________ Yes No *As set forth in 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.”) Paradigm Holdings, Inc. Paradigm Solutions Corporation 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: ____________________

Financial Covenant Required Actual Complies. MaintainMaintain as indicated: Liquidity Minimum Cash ** $1,000,000 $_________ Yes No EBITDA $_______* $_________ Liquidity Coverage Ratio >1.50:1.00 :1.00 Yes No *As set forth in Sections 6.9(b*See Section 6.9(a) 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.”) Paradigm Holdings--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- XXXX INNOVATIONS INCORPORATEDLUNA TECHNOLOGIES, Inc. Paradigm Solutions Corporation INC.ADVANCED PHOTONIX, INC.PICOMETRIX, LLC By: Name: Title: BANK USE ONLY Received by: _____________________ AUTHORIZED SIGNER Date: __________________________________ NameVerified: ________________________________ 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: ____________________Certificate

Financial Covenant Required Actual Complies. Maintain: Liquidity $1,000,000 $Minimum Adjusted Quick Ratio (Monthly) 1.0:1.0 _________ :1.0 Yes No EBITDA $_______Minimum Net Profit (Quarterly) $ * $_________ $ Yes No *As set forth in Sections 6.9(b) and 6.9(cSection 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.”) Paradigm Holdings_____________________________________________________________________________________________________ _____________________________________________________________________________________________________ Alvarion Ltd. By: Name: Title: Alvarion, Inc. Paradigm Solutions Corporation By: __________________________________ Name: ________________________________ Title: _________________________________ BANK USE ONLY Received by: __________________________ AUTHORIZED SIGNER authorized signer Date: _______________________________ Verified: ______________________________ AUTHORIZED SIGNER authorized signer Date: ________________________________ Compliance Status: Yes No Schedule 1 to Compliance Certificate Financial Covenants of Borrower Dated: ____________________

Financial Covenant Required Actual Complies. Maintain, to be tested monthly: Liquidity Tangible Net Worth $1,000,000 500,000 $_________ Yes No EBITDA $_______* $_________ Yes No *As set forth in 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.”) Paradigm HoldingsWORLD ENERGY SOLUTIONS, Inc. Paradigm Solutions Corporation INC. By: _____:_____________________________ Name: :___________________________ Title:____________________________ WORLD ENERGY SECURITIES CORP. By:_____________________________ Title: Name:___________________________ Title:____________________________ BANK USE ONLY Received by: __________________________ AUTHORIZED SIGNER authorized signer Date: _______________________________ Verified: ______________________________ AUTHORIZED SIGNER authorized signer Date: ________________________________ Compliance Status: Yes No Schedule 1 to Compliance Certificate Financial Covenants of Borrower Dated: ____________________

Financial Covenant Required Actual Complies. MaintainMaintain as indicated: Liquidity Minimum Cash 3,00,000 $1,000,000 $_________ Yes No EBITDA $_______* $_________ Liquidity Coverage Ratio >1.75:1.00 :1.00 Yes No *As set forth in 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.”) Paradigm Holdings--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- XXXX INNOVATIONS INCORPORATEDLUNA TECHNOLOGIES, Inc. Paradigm Solutions Corporation INC.ADVANCED PHOTONIX, INC.PICOMETRIX, LLC 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: ____________________

Financial Covenant Required Actual Complies. MaintainMaintain as indicated: Minimum Liquidity $1,000,000 $_________ 5,000,000 $ Yes No EBITDA $_______* $_________ Minimum Recurring Revenue See Sec 6.9(b) $ Yes No *As set forth in 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.”) Paradigm Holdings, Inc. Paradigm Solutions Corporation --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- WORKIVA LLCWORKIVA INTERNATIONAL LLC By: _______________Name: _____________Title: ______________ BANK USE ONLY Received by: _____________________ AUTHORIZED SIGNER Date: __________________________________ NameVerified: ________________________________ 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: ____________________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. MaintainMaintain on an applicable Quarterly Basis: Liquidity Minimum Tangible Net Worth $1,000,000 $_________ 85MM plus 50% of new net equity proceeds and 50% of quarterly profits, in each case since , 2009 $ Yes No EBITDA $_______* $_________ Minimum Quick Ratio 1.25:1.00 :1.0 Yes No *As set forth in Sections 6.9(b) and 6.9(c) of the Agreement. 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.”) Paradigm Holdings, Inc. Paradigm Solutions Corporation By: _______________________________________________________________________________________________ Name: ________________________________ Title: ________________________________________________________________ BANK USE ONLY Received by: __________________________ AUTHORIZED SIGNER Date: _______________________________ 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 Certificate Financial Covenants of Borrower Dated: ____________________:

Financial Covenant Required Actual Complies. MaintainMaintain 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) <$1,000,000 $_________ Yes No EBITDA $_______EQUITY EVENT 2018 ** $_________ Yes No *As set forth in Sections 6.9(bSee Section 6.9(b)**See Section 6.9(d) 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.”) Paradigm Holdings--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- SONIC FOUNDRY, Inc. Paradigm Solutions Corporation INC.SONIC FOUNDRY MEDIA SYSTEMS, INC. By: __________________________________ Name: ________________________________ Title: _________________________________ BANK USE ONLY Received by: __________________________ AUTHORIZED SIGNER authorized signer Date: _______________________________ Verified: ______________________________ AUTHORIZED SIGNER authorized signer Date: ________________________________ Compliance Status: :Yes No Schedule 1 to Compliance Certificate Financial Covenants of Borrower Dated: ____________________No

Financial Covenant Required Actual Complies. MaintainMaintain as indicated: Minimum Liquidity $1,000,000 $_________ 5,000,000 $ Yes No EBITDA $_______* $_________ Minimum Recurring Revenue See Sec 6.9(b) $ Yes No *As set forth in 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.”) Paradigm Holdings, Inc. Paradigm Solutions Corporation --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- WORKIVA LLCWORKIVA INTERNATIONAL LLC By: Name: Title: BANK USE ONLY Received by: _____________________ AUTHORIZED SIGNER Date: __________________________________ NameVerified: ________________________________ 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: ____________________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: Minimum Liquidity (at all times) $1,000,000 2,000,000 $_________ Yes No EBITDA $_______* $_________ Performance Pricing Applies Streamline Period Prime + 1.25% Yes No *As set forth Not in Sections 6.9(b) and 6.9(c) of the Agreement. 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.”) Paradigm HoldingsVoxware, Inc. Paradigm Solutions Corporation BANK USE ONLY Received by: _____________________________ 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 Certificate Financial Covenants of Borrower Dated: ____________________Certificate