February 19, 2015
February 19, 2015
Aerohive Networks. Inc.
000 Xxxxxxxxx Xxxxx
Xxxxxxxxx, XX 00000
Attn: Xxxxxx Xxxxxx, CFO
RE: Extension of Term;
Plain English Warrant Agreement 0532-W-03 dated August 23, 2013 (“Warrant Agreement”) by and between Aerohive Networks, Inc. (“Aerohive’’) and TriplePoint Venture Growth BDC Corp. (“Warrant Holder”)
Dear Xxxxxx:
This letter agreement will refer to the above referenced Warrant Agreement. Capitalized terms not otherwise defined in this letter agreement shall have the same meaning as in the Warrant Agreement.
Pursuant to section Section 2 of the Warrant Agreement the term of the Warrant Agreement shall expire on March 27, 2015. Warrant Holder has requested a one year extension of the term of the Warrant Agreement to March 27, 2016 (the “Extension”).
For good and valuable consideration, including reduction of the End of Term Payments under the Loan Agreement, the receipt and sufficiency of which is acknowledged. Aerohive agrees to the Extension conditioned upon the receipt of this letter agreement executed by Aerohive and Warrant Holder.
Except to the extent specifically amended or superseded by the terms of this letter agreement, all of the provisions of the Warrant Agreement and related documents shall remain in full force and effect. This letter agreement may be executed in any number of counterparts and delivery of an executed counterpart signature to this letter agreement by facsimile or electronic mail transmission shall be effective as delivery of a manually executed counterpart.
If this meets with your approval, please execute on the signature block below and return to the attention of Warrant Holder.
Sincerely,
TRIPLEPOINT CAPITAL LLC
/s/ Xxxxxx Zagnnis
Chief Financial Officer
ACCEPTED AND AGREED TO:
By: /s/ Xxxxxx X. Xxxxxx
Title: CFO
