JOINDER, ASSUMPTION AND FIRST AMENDMENT TO LOAN AND SECURITY AGREEMENTLoan and Security Agreement • March 7th, 2011 • Telecommunication Systems Inc /Fa/ • Services-prepackaged software
This JOINDER, ASSUMPTION AND FIRST AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “First Amendment”), dated as of March 4, 2011, is by and among, (a) SILICON VALLEY BANK, a California corporation with its principal place of business at 3003 Tasman Drive, Santa Clara, California 95054 and with a loan production office located at One Newton Executive Park, Suite 200, 2221 Washington Street, Newton, Massachusetts 02462, as administrative agent and collateral agent (collectively, in such capacities, “Agent”), (b) the several banks and other financial institutions or entities parties to this First Amendment (“Lenders”), and (c) TELECOMMUNICATION SYSTEMS, INC., a Maryland corporation (“TCS”), LONGHORN ACQUISITION, LLC, a Maryland limited liability company (“Longhorn”), SOLVERN INNOVATIONS, INC., a Maryland corporation (“Solvern”), QUASAR ACQUISITION, LLC, a Maryland limited liability company (“Quasar”), NETWORKS IN MOTION, INC., a Delaware corporation (“NIM”), and TRIDENT SPACE & DEFENSE, LL
