Common use of Reporting Covenants Required Complies Clause in Contracts

Reporting Covenants Required Complies. Monthly Financial statements with Compliance Certificate (“CC”) Monthly within 30 days Yes No Annual financial statement + XX XXX within 30 days Yes No Annual financial statements (CPA Audited)* + CC * If required by Borrower’s Board of Directors FYE within 180 days Annual operating budgets and projections FYE within 60 days and as more frequently updated Borrowing Base Reports; Borrowing Base Certificate Monthly within 30 days Yes No 10-Q, 10-K and 8-K Within 5 days after filing with SEC Yes No SAAS Metrics Monthly within 30 days Yes No The following Intellectual Property was registered (or a registration application submitted) after the Effective Date (if no registrations, state “None”) Maintain on a monthly basis Adjusted Quick Ratio 1.15:1.00 :1.00 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.

Reporting Covenants Required Complies. Monthly Financial statements with Compliance Certificate (“CC”) Monthly within 30 days Yes No Annual financial statement + XX XXX within 30 days Yes No Annual financial statements (CPA Audited)* + CC * If required by Borrower’s Board of Directors FYE within 180 days Annual operating budgets and projections FYE within 60 days and as more frequently updated Borrowing Base Reports; Borrowing Base Certificate Monthly within 30 days Yes No 10-Q, 10-K and 8-K Within 5 days after filing with SEC Yes No SAAS Metrics Monthly within 30 days Yes No The following Intellectual Property was registered (or a registration application submitted) after the Effective Date (if no registrations, state “None”) Maintain on a monthly basis Adjusted Quick Ratio 1.15:1.00 :1.00 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.)

Reporting Covenants Required Complies. Monthly Financial statements with Compliance Certificate (“CC”) Monthly within 30 days Yes No Annual financial statement + XX XXX within 30 days Yes No Annual financial statements (CPA Audited)* + CC * *If required by Borrower’s Board of Directors FYE within 180 days Annual operating budgets and projections FYE within 60 days and as more frequently updated Borrowing Base Reports; Borrowing Base Certificate Monthly within 30 days Yes No 10-Q, 10-K and 8-K Within 5 days after filing with SEC Yes No SAAS Metrics Monthly within 30 days Yes No The following Intellectual Property was registered (or a registration application submitted) after the Effective Date (if no registrations, state “None”) Maintain on a monthly basis Adjusted Quick Ratio 1.15:1.00 :1.00 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.)

Reporting Covenants Required Complies. Monthly Financial statements with Compliance Certificate (“CC”) Monthly within 30 days Yes No Annual financial statement + XX CX XXX within 30 days Yes No Annual financial statements (CPA Audited)* + CC * If required by Borrower’s Board of Directors FYE within 180 days Annual operating budgets and projections FYE within 60 days and as more frequently updated Borrowing Base Reports; Borrowing Base Certificate Monthly within 30 days Yes No 10-Q, 10-K and 8-K Within 5 days after filing with SEC Yes No SAAS Metrics Monthly within 30 days Yes No The following Intellectual Property was registered (or a registration application submitted) after the Effective Date (if no registrations, state “None”) Maintain on a monthly basis Adjusted Quick Ratio 1.15:1.00 :1.00 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.)

Reporting Covenants Required Complies. Monthly Financial statements with Compliance Certificate (“CC”) Monthly within 30 days Yes No Annual financial statement + XX CX XXX within 30 days Yes No Annual financial statements (CPA Audited)* + CC * *If required by Borrower’s Board of Directors FYE within 180 days Annual operating budgets and projections FYE within 60 days and as more frequently updated Borrowing Base Reports; Borrowing Base Certificate Monthly within 30 days Yes No 10-Q, 10-K and 8-K Within 5 days after filing with SEC Yes No SAAS Metrics Monthly within 30 days Yes No The following Intellectual Property was registered (or a registration application submitted) after the Effective Date (if no registrations, state “None”) Maintain on a monthly basis Adjusted Quick Ratio 1.15:1.00 :1.00 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._________________________________________________________________________________________________

Reporting Covenants Required Complies. Monthly Financial statements with Compliance Certificate (“CC”) Monthly within 30 days Yes No Annual financial statement + XX CX XXX within 30 days Yes No Annual financial statements (CPA Audited)* + CC * If required by Borrower’s Board of Directors FYE within 180 days Annual operating budgets and projections FYE within 60 days and as more frequently updated Borrowing Base Reports; Borrowing Base Certificate Monthly within 30 days Yes No 10-Q, 10-K and 8-K Within 5 days after filing with SEC Yes No SAAS Metrics Monthly within 30 days Yes No The following Intellectual Property was registered (or a registration application submitted) after the Effective Date (if no registrations, state “None”) Maintain on a monthly basis Adjusted Quick Ratio 1.15:1.00 :1.00 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.