Required Actual Complies. Maintain as indicated:
Required Actual Complies. Maintain on a Monthly Basis: Minimum Monthly Recurring Revenue (beginning with the month ending March 31, 2012 for the trailing three (3) month period then ended) August 31, 2011 $ 2,920,000 $ Yes No September 30, 2011 $ 2,940,000 $ Yes No October 31, 2011 $ 2,960,000 $ Yes No November 30, 2011 $ 2,980,000 $ Yes No December 31, 2011 $ 3,000,000 $ Yes No January 31, 2012 $ 3,135,000 $ Yes No February 29, 2012 $ 3,276,075 $ Yes No March 31, 2012 $ 9,835,000 $ Yes No April 30, 2012 $ 10,277,000 $ Yes No May 31, 2012 $ 10,740,000 $ Yes No June 30, 2012 $ 11,223,000 $ Yes No July 31, 2012 $ 11,728,000 $ Yes No August 31, 2012 $ 12,255,000 $ Yes No September 30, 2012 $ 12,807,000 $ Yes No October 31, 2012 $ 13,384,000 $ Yes No November 30, 2012 $ 13,986,000 $ Yes No December 31, 2012 $ 14,615,000 $ Yes No Churn Rate not to exceed 3% for the immediately preceding three (3) months then ended 3 % % 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 and these exceptions also are intended to update the Perfection Certificate: (If no exceptions exist, state “No exceptions to note.”) MARIN SOFTWARE INCORPORATED By: Name: Title: MARIN SOFTWARE LIMITED By: Name: Title: Received by: Date: Verified: Date: Compliance Status: Yes No
Required Actual Complies. Maintain on a Quarterly Basis:
Required Actual Complies. Maintain on a Monthly Basis:
Required Actual Complies. Maintain on a Monthly Basis: Minimum Adjusted Quick Ratio 1.35:1.00 ____:1.00 Yes No AQR ≥ 2.00:1.00* No Lockbox Required; Streamline Period; Non-Formula = $2,500,000 Yes No
Required Actual Complies. Maintain on a Monthly Basis: Loan Delinquencies and 3-Month Charge-offs divided by Co-Borrowers’ Loan Portfolio (Trailing 3-Month average) £ 6.00% _______% Yes No Maintain at all times: Minimum Net Liquidity $12,000,000 $ _______ Yes No The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) Received by: AUTHORIZED SIGNER By: Date: Name: Title: Verified: AUTHORIZED SIGNER Date: By: Compliance Status: Yes No Name: Title: This FOURTH AMENDMENT to Amended and Restated Loan and Security Agreement (this “Amendment”) is entered into as of October 1, 2020, by and among SILICON VALLEY BANK, a California corporation (“Bank”), UPSTART HOLDINGS, INC., a Delaware corporation and UPSTART NETWORK, INC., a Delaware corporation (each a “Co-Borrower” and collectively, “Co-Borrowers”).
Required Actual Complies. Remaining Months Liquidity (Minimum Unrestricted The greater of $1,000,000 or $________ Yes No
Required Actual Complies. Maintain on a Quarterly Basis: Unrestricted Cash Streamline Period Interest Rate for Advances Applies
Required Actual Complies. Asset Coverage Ratio 1.3 : 1.00 ______: 1.00 Yes No
Required Actual Complies. Maintain as indicated: CENTRO, INC. BANK USE ONLY