0000950123-17-003491.txt : 20170623
20170418171816
DRS
DRS
DRS
SERVICES-PERSONAL SERVICES
7200
000095012317003491
23
YogaWorks, Inc.
>0000950123-17-003491.hdr.sgml : 20170623
20170418
<SEC-HEADER>0000950123-17-003491.hdr.sgml : 20170623
<ACCEPTANCE-DATETIME>20170418171816
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000950123-17-003491
CONFORMED SUBMISSION TYPE:	DRS
PUBLIC DOCUMENT COUNT:		23
FILED AS OF DATE:		20170418
<PUBLIC-REL-DATE>20170623
DATE AS OF CHANGE:		20170518

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			YogaWorks, Inc.
		CENTRAL INDEX KEY:			0001703497
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PERSONAL SERVICES [7200]
		IRS NUMBER:				471219105
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DRS
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	377-01546
		FILM NUMBER:		17767613

	BUSINESS ADDRESS:	
		STREET 1:		5780 UPLANDER WAY
		CITY:			CULVER CITY
		STATE:			CA
		ZIP:			90230
		BUSINESS PHONE:		(310) 664-6470

	MAIL ADDRESS:	
		STREET 1:		5780 UPLANDER WAY
		CITY:			CULVER CITY
		STATE:			CA
		ZIP:			90230
</SEC-HEADER>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>6
<FILENAME>filename6.htm
<TEXT>
<HTML><HEAD>
<TITLE>EX-10.3</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.3 </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SECOND AMENDMENT TO LOAN AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">THIS SECOND AMENDMENT TO LOAN AGREEMENT (this &#147;<B><I>Second Amendment</I></B>&#148;) is entered into and made effective as of
March&nbsp;27, 2017 (the &#147;<B><I>Second Amendment Date</I></B>&#148;), by and among Y<SMALL>OGA</SMALL> W<SMALL>ORKS</SMALL>, I<SMALL>NC</SMALL>., a California corporation (&#147;<B><I>Yoga Works</I></B>&#148;), B<SMALL>E</SMALL>
Y<SMALL>OGA</SMALL> LLC, a New York limited liability company (&#147;<B><I>Be Yoga</I></B>&#148;), C<SMALL>ENTER</SMALL> <SMALL>FOR</SMALL> Y<SMALL>OGA</SMALL> I<SMALL>NC</SMALL>., a California corporation (&#147;<B><I>Center</I></B>&#148;),
N<SMALL>OR</SMALL> C<SMALL>AL</SMALL> W<SMALL>HOLE</SMALL> B<SMALL>ODY</SMALL> LLC, a Delaware limited liability company (&#147;<B><I>Nor Cal</I></B>&#148;), and the other borrowers from time to time party to the Loan Agreement (defined below)
(together with Yoga Works, Be Yoga, Center and Nor Cal, each, a &#147;<B><I>Borrower</I></B>&#148; and, collectively, &#147;<B><I>Borrowers</I></B>&#148;), YWX H<SMALL>OLDINGS</SMALL>, I<SMALL>NC</SMALL>., a Delaware corporation
(&#147;<B><I>Holdings</I></B>&#148;), W<SMALL>HOLE</SMALL> B<SMALL>ODY</SMALL>, I<SMALL>NC</SMALL>., a Delaware corporation (the &#147;<B><I>Company</I></B>&#148;), and the other guarantors from time to time party to the Loan Agreement (together
with Holdings and the Company, the &#147;<B><I>Guarantors</I></B>&#148;; the Guarantors together with Borrowers, &#147;<B><I>Loan Parties</I></B>&#148; and, individually, a &#147;<B><I>Loan Party</I></B>&#148;), D<SMALL>EERPATH</SMALL>
F<SMALL>UNDING</SMALL>, LP, a Delaware limited partnership (&#147;<B><I>Deerpath</I></B>&#148;), and the other lenders from time to time party to the Loan Agreement (together with Deerpath, each, a &#147;<B><I>Lender</I></B>&#148; and, collectively,
the &#147;<B><I>Lenders</I></B>&#148;), and Deerpath, as administrative agent and collateral agent for itself and the other Lenders (in such capacity, &#147;<B><I>Agent</I></B>&#148;). Capitalized terms used, but not defined, in this Second
Amendment have the respective meanings given such terms in the Loan Agreement. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>RECITALS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">A. Loan Parties, Lenders and Agent have entered into that certain Loan Agreement (as amended by that certain First Amendment to Loan Agreement
dated as of December&nbsp;23, 2015, and as further amended, restated, supplemented or modified to date, the &#147;<B><I>Loan Agreement</I></B>&#148;), dated effective as of July&nbsp;24, 2015 (the &#147;<B><I>Closing Date</I></B>&#148;), pursuant to
which Lenders have made (i)&nbsp;a single-advance senior secured term loan on the Closing Date in the amount of $5,000,000, and (ii)&nbsp;a conditional commitment to provide additional single-advance senior secured term loans from time to time
following the Closing Date in an aggregate amount not to exceed $15,000,000. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">B. Loan Parties have informed Agent and Lenders that one or
more Defaults have occurred as of December&nbsp;31, 2016 and are continuing as a result of (i)&nbsp;the Loan Parties&#146; failure to comply with certain of the financial covenants set forth in <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;10
</I></B>of the Loan Agreement as of the testing date on December&nbsp;31, 2016 (collectively, and including any misrepresentation made or deemed made by or on behalf of any Loan Party in connection therewith or otherwise resulting from the existence
thereof, the &#147;<B><I>Q4 2016 Financial Covenant Defaults</I></B>&#148;) and (ii)&nbsp;the Loan Parties&#146; failure to comply with certain of the covenants set forth in <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;8.16</I></B> of the Loan
Agreement with respect to paragraph 1 of <B><I>Schedule 8.16</I></B> of the Loan Agreement (the &#147;<B><I>Post-Closing Covenant Defaults</I></B>&#148; and collectively with the Q4 2016 Financial Covenant Defaults, the &#147;<B><I>Specified
Defaults</I></B>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">C. Borrowers have requested that Agent and Lenders (i)&nbsp;make certain modifications to the Loan Agreement and
(ii)&nbsp;waive the Specified Defaults, and Agent and Lenders have agreed to such requests, on the terms and subject to the conditions set forth herein. </P>

<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
acknowledged, the undersigned hereby agree as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;1. <B><U>Amendments to Loan Agreement.</U> </B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.1 The Recitals to this Second Amendment are incorporated into and made a part of the Loan Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.2 <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;1.1</I></B> of the Loan Agreement is amended to add the following definition: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>2017/2018 Mandatory Prepayment </I></B>is defined in <B><I>Section 2.5(d)</I></B>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>2017/2018 Mandatory Prepayment Trigger Event</I></B> means the earliest to occur of any of the following: (a)&nbsp;Loan
Parties fail to close and consummate a Qualifying 2017 IPO on or prior to December&nbsp;31, 2017, (b) Loan Parties fail to comply with one or more of the financial covenants set forth in <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;10 </I></B>as
of the testing date occurring on March&nbsp;31, 2018, as reflected in Loan Parties&#146; Compliance Certificate delivered to Agent pursuant to <B><I>Sections 8.1(b) </I></B>and<B><I> 8.1(c) </I></B>in respect of their fiscal quarter and fiscal month
ending March&nbsp;31, 2018, or (c)&nbsp;Loan Parties fail to deliver, Loan Parties&#146; monthly financial statements as of, and for the period ending on, March&nbsp;31, 2018, together with the Compliance Certificate with respect to such financial
statements, all in accordance with <B><I>Sections 8.1(b) </I></B>and <B><I>(c)</I></B>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Applicable Margin
</I></B>means, when determined for any period: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) during the period commencing on the Closing Date and ending on
December&nbsp;31, 2016, 7.00%; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) during the period commencing on January&nbsp;1, 2017 and ending on March&nbsp;31, 2018:
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) if the Qualifying 2017 IPO Closing Date has not occurred, 8.00%; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) from and after the occurrence of the Qualifying 2017 IPO Closing Date, 7.50%; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) during the period commencing on April&nbsp;1, 2018 and continuing until the Payment in Full of the Obligation, the
Applicable Margin as in effect as of March&nbsp;31, 2018, in accordance with subsection (b)&nbsp;above; <I>provided, that</I>, on the first quarterly testing date under <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;10</I></B> (beginning with the
quarterly testing date on March&nbsp;31, 2018) when Loan Parties are in compliance with each of the financial covenants set forth in <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;10 </I></B>and no other Default or Potential Default exists, then the
Applicable Margin shall be reduced to 7.00% effective as of the day immediately following such quarterly testing date. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Elevated Minimum Liquidity Period </I></B>is defined in <B><I>Section 9.17(b)</I></B>. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Qualifying 2017 IPO</I></B> means a firmly underwritten primary public
offering of Equity Securities of Holdings under a registration statement filed by Holdings under the Securities Act; <I>provided that </I>such offering (a)&nbsp;is closed and consummated on or prior to December&nbsp;31, 2017, and (b)&nbsp;results in
aggregate cash proceeds to Holdings and its Equityholders of at least $25,000,000 (net of underwriting discounts and commissions). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Qualifying 2017 IPO Closing Date</I></B> means the date on which the Qualifying 2017 IPO is consummated. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Second Amendment </I></B>means that certain Second Amendment to this Agreement dated as of the Second Amendment Date, by
and among the Loan Parties, Lenders and Agent. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Second Amendment Date </I></B>means March&nbsp;27, 2017. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.3 <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;1.1</I></B> of the Loan Agreement is amended to delete the definitions of
&#147;<B><I>Compliance Certificate</I></B>&#148;, &#147;<B><I>Liquidity Event</I></B>&#148;, &#147;<B><I>Principal Debt</I></B>&#148;, &#147;<B><I>Sponsor Subordinated Debt Agreement</I></B>&#148;, &#147;<B><I>Sponsor Subordinated Debt Subordination
Agreement</I></B>&#148; and &#147;<B><I>Term Loan Principal Debt</I></B>&#148; in their entirety and replace them with the following: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Compliance Certificate</I></B> means a certificate substantially in the form of <B><I>Annex B </I></B>attached to the
Second Amendment and signed by a Responsible Officer of the Company. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Liquidity Event</I></B> means the occurrence of
any one of the following: (a)&nbsp;a firmly underwritten primary public offering of Equity Securities under a registration statement filed by any Loan Party under the Securities Act which results in aggregate proceeds to the Loan Parties and their
Equityholders of at least $10,000,000 (net of underwriting discounts and commissions), other than a Qualifying 2017 IPO, or (b)&nbsp;a Change of Control. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Principal Debt</I></B> means, when determined, the aggregate outstanding principal balance of the Loans (including any
accrued and unpaid interest added pursuant to <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;3.5</I></B>). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Sponsor
Subordinated Debt Agreement </I></B>means that certain (a)&nbsp;Note Purchase Agreement effective as of June&nbsp;3, 2015 by and among Sponsor, Great Hill Investors, LLC and Holdings and (b)&nbsp;Note Purchase Agreement dated as of March&nbsp;27,
2017 by and among Sponsor, Great Hill Investors, LLC and Holdings. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Sponsor Subordinated Debt Subordination Agreement
</I></B>means that certain (a)&nbsp;Subordination and Intercreditor Agreement dated the Closing Date, by and among Sponsor, as subordinated lender, Agent and Loan Parties, attached hereto as <B><I>Exhibit H</I></B>, as amended, restated, modified or
supplemented from time to time in compliance with this Agreement and (b)&nbsp;Subordination and Intercreditor Agreement dated as of March&nbsp;27, 2017 by and among Sponsor and Great Hill Investors, LLC, as subordinated lenders, Agent and Loan
Parties. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Term Loan Principal Debt</I></B> means, when determined, the aggregate
outstanding principal balance of the Term Loan (including any accrued and unpaid interest added pursuant to <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;3.5</I></B>). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.4 The <FONT STYLE="white-space:nowrap">lead-in</FONT> to <B><I>Section 2.4(b)</I></B> of the Loan Agreement is deleted in its entirety and
replaced with the following: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;(b) Concurrently with (and in addition to) any and all payments of the Term Loan
Principal Debt that are funded on or prior to the third anniversary of the Closing Date other than (x)&nbsp;Annual Excess Cash Flow Prepayments, (y)&nbsp;required quarterly amortization payments pursuant to <B><I>Section 3.2(b)</I></B>, and
(z)&nbsp;as set forth in <B><I>Sections 2.5(d)</I></B>, <B><I>3.7</I></B> and <B><I>3.8</I></B>, Borrowers shall pay to Lenders a premium in cash, as follows:&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.5 The second sentence of <B><I>Section 2.4(c) </I></B>of the Loan Agreement is amended to delete the reference to &#147;Term Notes&#148;
therein and replace it with &#147;Term Loan&#148;. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.6 <B><I>Section 2.5(c) </I></B>of the Loan Agreement is amended to delete the
reference to &#147;Term Notes&#148; therein and replace it with &#147;Term Loan&#148;. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.7 A new <I>subsection</I><B><I>
</I></B><I>(d)</I>&nbsp;is added to <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;2.5 </I></B>of the Loan Agreement, as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;(d) At Required Lenders&#146; election, upon the occurrence of a 2017/2018 Mandatory Prepayment Trigger Event, Borrowers
shall be required to make a mandatory prepayment of the Term Loan Principal Debt (not subject to any prepayment penalty or premium) in an amount equal to $1,300,000.00 (a &#147;<B><I>2017/2018 Mandatory Prepayment</I></B>&#148;). Any 2017/2018
Mandatory Prepayment shall be (i)&nbsp;payable no later than sixty (60)&nbsp;days following Borrowers&#146; receipt of a notice informing Borrowers that Required Lenders have elected to require the 2017/2018 Mandatory Prepayment, and
(ii)&nbsp;applied to reduce the Term Loan Principal Debt in the reverse order of maturity, beginning with the Term Loan Principal Debt due at the Maturity Date.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.8 The first sentence of <B><I>Section 3.1(a) </I></B>of the Loan Agreement is deleted in its entirety and replaced with the following: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Borrowers agree that, promptly upon request by any Lender, Borrowers shall execute and deliver to such Lender a Note
evidencing any Loans of such Lender, substantially in the form of <B><I>Exhibit A</I></B>, with appropriate insertions as to date and principal amount.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.9 <B><I>Section 3.4(a) </I></B>of the Loan Agreement is deleted in its entirety and replaced with the following: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;(a) <U>Interest Rate</U>. Except as otherwise provided in this Agreement, the Principal Debt shall accrue interest at an
annual rate equal to the <I>lesser of</I> (i)&nbsp;the LIBOR Rate <I>plus </I>the Applicable Margin per annum and (ii)&nbsp;the Maximum Rate per annum.&#148; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.10 The first reference to &#147;Notes&#148; in the second sentence of <B><I>Section 3.7(a)
</I></B>of the Loan Agreement is deleted in its entirety and replaced with the following: &#147;Loans&#148;. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.11 <B><I>Section 8.1(b)
</I></B>of the Loan Agreement is deleted in its entirety and replaced with the following: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;(b) Promptly after
preparation, and no later than thirty (30)&nbsp;days after the last day of each calendar month of the Loan Parties: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i)
internally-certified unaudited financial statements (including consolidated statements of income and cash flows and a balance sheet) showing the consolidated financial condition and results of operations of the Loan Parties as of, and for the month,
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">year-to-date</FONT></FONT> and, if applicable, quarter period ended on, that last day; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) during the period commencing on the Second Amendment Date until the first quarterly testing date following the Second
Amendment Date when Loan Parties are in compliance with the financial covenants set forth in <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;10 </I></B>of this Agreement, a Compliance Certificate with respect to such financial statements certifying
(A)&nbsp;as to the Loan Parties&#146; compliance with the covenant set forth in <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;9.17</I></B> of this Agreement and (B)&nbsp;that such financial statements were prepared in accordance with the Accounting
Practices (subject to normal <FONT STYLE="white-space:nowrap">year-end</FONT> adjustments and the absence of footnote disclosures) and present fairly, in all material respects, the consolidated financial condition and results of operations of the
Loan Parties; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iii) during the period commencing on the date after the first quarterly testing date following the
Second Amendment Date when Loan Parties are in compliance with the financial covenants set forth in <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;10</I></B> of this Agreement until the Payment in Full of the Obligation, a certificate which will, at
a minimum, include a statement that such financial statements were prepared in accordance with the Accounting Practices (subject to normal <FONT STYLE="white-space:nowrap">year-end</FONT> adjustments and the absence of footnote disclosures) and
present fairly, in all material respects, the consolidated financial condition and results of operations of the Loan Parties.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.12
The first sentence of <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;9.12</I></B> of the Loan Agreement is amended to delete the reference to &#147;Schedule 7.18(a)&#148; therein and replace it with &#147;Section 7.18(a)&#148;. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.13 <B><I>Section 9.14(a)</I></B> of the Loan Agreement is deleted in its entirety and replaced with the following: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;(a) Except as expressly permitted by the applicable Subordination Agreement, no Loan Party may voluntarily prepay,
redeem, defease, repurchase, acquire for value or make any sinking fund payment or other voluntary or optional payment with respect to any principal of, or interest on, any Debt other than (i)&nbsp;the Obligation and (ii)&nbsp;the retirement of
Sponsor Subordinated Debt pursuant to its conversion into Equity Securities (other than Disqualified Stock).&#148; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.14 <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;9.17 </I></B>of the Loan Agreement is deleted
in its entirety and replaced with the following: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;9.17 <U>Available Cash</U>. The aggregate cash available in the
Loan Parties&#146; deposit accounts shall not be less than: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) $250,000, at any time prior to the Second Amendment Date;
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) $1,300,000, as of the last day of each fiscal month of Loan Parties during the period commencing on the Second
Amendment Date and ending on the earlier to occur of (i)&nbsp;Loan Parties&#146; delivery of the financial statements and Compliance Certificate as of, and for the applicable periods ending on, March&nbsp;31, 2018 pursuant to <B><I>Sections 8.1(b)
</I></B>and <B><I>(c)</I></B>, <I>provided</I>,<I> that</I> no Default or Potential Default exists as of March&nbsp;31, 2018, as certified and reflected on such Compliance Certificate, or (ii)&nbsp;Loan Parties&#146; payment in full in cash of any
2017/2018 Mandatory Prepayment in accordance with this Agreement (the &#147;<B><I>Elevated Minimum Liquidity Period</I></B>&#148;); and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) $250,000, at any time after the last day of the Elevated Minimum Liquidity Period.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.15 <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;10 </I></B>of the Loan Agreement is amended to delete in its entirety the last sentence
thereof and replace it with the following: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Each of the covenants in this
<B><I>Section</I></B><B><I></I></B><B><I>&nbsp;10 </I></B>shall be tested on a quarterly basis, as of the last day of each fiscal quarter of Loan Parties, commencing with Loan Parties&#146; fiscal quarter ended September&nbsp;30, 2015;
<I>provided</I>, <I>however</I>, <I>that </I>the covenants in this <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;10 </I></B>shall not be tested as of any of the following dates: March&nbsp;31, 2017, June&nbsp;30, 2017, September&nbsp;30, 2017, and
December&nbsp;31, 2017.&#148; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.16 <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;12.4 </I></B>of the Loan Agreement is
deleted in its entirety and replaced with the following: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;12.4 <U>Reserved</U>.&#148; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.17 The addresses (and telecopy numbers) for the parties set forth in
<B><I>Section</I></B> <B><I>14.3 </I></B>of the Loan Agreement are deleted in their entirety and replaced with the following: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">&#147;If to
Loan Parties: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Whole Body, Inc. (d/b/a Yoga Works) </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">5780 Uplander Way </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Culver City,
CA 90230 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Attention: Vance Chang </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Fax No.: (310) <FONT STYLE="white-space:nowrap">496-1373</FONT> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Tel. No.: (310) <FONT STYLE="white-space:nowrap">664-6470</FONT> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">with a copy to (which shall not constitute notice): </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Great Hill Partners </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">One Liberty
Square </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Boston, MA 02109 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Attention: Peter L. Garran </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Fax
No.: (617) <FONT STYLE="white-space:nowrap">292-9475</FONT> </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Tel. No.: (617) <FONT STYLE="white-space:nowrap">790-9475</FONT> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Latham&nbsp;&amp; Watkins LLP </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">355 South Grand Avenue </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Los
Angeles, CA 90071-1560 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Attention: Glen Collyer </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Fax No.: (213) <FONT STYLE="white-space:nowrap">891-8763</FONT> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Tel. No.: (213) <FONT STYLE="white-space:nowrap">891-8701</FONT> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">If to Agent or Lenders: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">For
purposes of communications regarding any payments by Borrowers under the Loan Agreement or the other Loan Documents, including, but not limited to, communications regarding wiring information, payment details and payment confirmations: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Deerpath Funding, LP </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">405
Lexington Avenue, 53<SUP STYLE="font-size:85%; vertical-align:top">rd</SUP> Floor </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">New York, NY 10174 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Attention: Brian Yoon </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Tel. No.:
(310) <FONT STYLE="white-space:nowrap">752-4954</FONT> </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Email: <U>BYoon@deerpathcapital.com</U> and cc:
<U>operations@deerpathcapital.com</U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">For all other purposes: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Deerpath Funding, LP </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">405
Lexington Avenue, 53<SUP STYLE="font-size:85%; vertical-align:top">rd</SUP> Floor </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">New York, NY 10174 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Attention: Brian Yoon </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Tel. No.:
(310) <FONT STYLE="white-space:nowrap">752-4954</FONT> </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Email: <U>BYoon@deerpathcapital.com</U> and cc:
<U>reporting@deerpathcapital.com</U> </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">with a copy to (which shall not constitute notice): </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Porter Hedges LLP </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">1000 Main
Street, 36<SUP STYLE="font-size:85%; vertical-align:top">th </SUP>Floor </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Houston, Texas 77002 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Attention: Andrew C. Fertitta </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Tel. No.: (713) <FONT STYLE="white-space:nowrap">226-6640</FONT> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Email: <U>AFertitta@porterhedges.com</U>&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;2. <B><U>Schedule 8.16 to Loan Agreement</U></B>. Loan Parties acknowledge and agree that, effective as of the Second Amendment
Date, Schedule 8.16 (Post-Closing Matters) to the Loan Agreement is hereby deleted in its entirety and replaced with <U>Annex C</U>, attached hereto, which is hereby incorporated and made a part of the Loan Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;3. <B><U>Fees and Expenses</U></B>. On the Second Amendment Date, Borrowers shall pay (a)&nbsp;to Lenders, an amendment fee in an
amount equal to $34,562.50, which is equal to 0.50% of the Term Loan Principal Debt as of the Second Amendment Date, and (b)&nbsp;to Agent and Lenders, as applicable, any other fees and expenses provided for in
<B><I>Section</I></B><B><I></I></B><B><I>&nbsp;8.11 </I></B>of the Loan Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;4. <B><U>Specified Default Interest;
Limited Waiver of Specified Defaults</U></B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">4.1 <U>Specified Default Interest</U>. Required Lenders hereby agree that they have elected
not to accrue interest on the Principal Debt at the Default Rate (pursuant to their rights under <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;3.5</I></B> of the Loan Agreement and as a result of the Specified Defaults) during the period commencing
on January&nbsp;1, 2017 and ending on the Second Amendment Date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">4.2 <U>Limited Waiver</U>. Subject to the satisfaction of the conditions
set forth in <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;5</I></B> below, Agent and each Lender hereby waive the Specified Defaults, effective as of the Second Amendment Date. <B></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;5. <B><U>Conditions</U></B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">5.1 This Second Amendment shall be effective once each of the following have been received by Agent at the closing of the transactions
contemplated by this Second Amendment:<B> </B> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) this Second Amendment, duly executed by Loan Parties, Agent and
Lenders; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;a certificate of the secretary of each Loan Party, certifying as to its certificate of formation or
other applicable charter document (other than for Yoga Works, Inc. and Center for Yoga Inc.) and the operating agreement or bylaws, as applicable, of such Loan Party, the incumbency of its officers executing Loan Documents on such Loan Date and
their specimen signatures and resolutions adopted by its Board of Directors authorizing this Second Amendment and the other Second Amendment Documents (as defined below) to which such Loan Party is a party; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">8 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) Certificates of Existence and Good Standing for each Loan Party from each of
the jurisdictions where such Loan Party is organized; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) executed copies of the Sponsor Subordinated Debt Subordination
Agreement and the Sponsor Subordinated Debt Agreement; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e) payment by Borrowers of the amendment fee for the Second
Amendment, in accordance with <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;3</I></B> above. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;6. <B><U>Representations and
Warranties</U></B>. Loan Parties represent and warrant to Lenders, jointly and severally, that (a)&nbsp;Loan Parties possess all requisite power and authority to execute, deliver and comply with the terms of this Second Amendment and the other
certificates, documents and agreements set forth in <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;5.1</I></B> above (collectively, the &#147;<B><I>Second Amendment Documents</I></B>&#148;), (b) the Second Amendment Documents have been duly
authorized and approved by all requisite corporate and company action on the part of Loan Parties, (c)&nbsp;no other consent of any Person (other than Agent and Lenders and consents that have been obtained) is required for the Second Amendment
Documents to be effective, (d)&nbsp;the execution and delivery of the Second Amendment Documents does not violate any of Loan Parties&#146; organizational documents, (e)&nbsp;assuming the due execution and delivery, as applicable, by Agent and
Lenders, the Second Amendment Documents constitute valid and binding agreements of Loan Parties, enforceable against Loan Parties in accordance with their terms, except as enforceability may be limited by applicable Debtor Relief Laws and general
principles of equity; (f)&nbsp;except as set forth in <U>Annex A</U> attached hereto and except for the representations and warranties that would be untrue solely as a result of the existence of the Specified Defaults, the representations and
warranties in each Loan Document to which any Loan Party is a party are true and correct in all material respects on and as of the Second Amendment Date as though made on the Second Amendment Date (except to the extent that such representations and
warranties speak to a specific date, in which case such representations and warranties shall be true and correct in all material respects as of such specific date), (g) other than with respect to the Specified Defaults, no Material Adverse Event
exists, (h)&nbsp;no Litigation is pending against any Loan Party which, if adversely determined, would reasonably be expected to result in a Material Adverse Event, (i)&nbsp;other than with respect to the Specified Defaults, no Default or Potential
Default exists, and (j)&nbsp;other than with respect to the Specified Defaults, each Loan Party is in compliance in all material respects with all covenants and agreements contained in each Loan Document to which it is a party. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;7. <B><U>Scope of Amendment; Reaffirmation; Release</U></B><U>.<B></B></U><B></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.1 From and after the Second Amendment Date, all references to the Loan Agreement shall refer to the Loan Agreement as amended by this Second
Amendment. Except as affected by this Second Amendment, the Loan Documents are unchanged and continue in full force and effect. However, in the event of any inconsistency between the terms of the Loan Agreement (as amended by this Second Amendment)
and any other Loan Document, the terms of the Loan Agreement (as amended by this Second Amendment) shall control and such other document shall be deemed to be amended to conform to the terms of the Loan Agreement (as amended by this Second
Amendment). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">9 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.2 Each Loan Party hereby (a)&nbsp;ratifies and reaffirms its obligations under the Loan
Documents to which it is a party and (b)&nbsp;confirms and agrees that all Loan Documents to which it is a party, including, but not limited to, all Liens granted in favor of Agent or Lenders pursuant to the Security Documents, remain in full force
and effect and continue to be legal, valid, and binding obligations, enforceable in accordance with their terms (as the same are affected by this Second Amendment), except as enforceability may be limited by applicable Debtor Relief Laws and general
principles of equity. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.3 Loan Parties and their respective representatives, successors and assigns hereby jointly and severally,
knowingly and voluntarily RELEASE, DISCHARGE and FOREVER WAIVE and RELINQUISH any and all claims, demands, obligations, liabilities, defenses, affirmative defenses, setoffs, counterclaims, actions and causes of action of whatsoever kind or nature,
whether known or unknown, which each of them has, may have or might have or may assert now or in the future against Agent or any Lender directly or indirectly, arising out of, based upon or in any manner connected with any transaction, event,
circumstance, action, failure to act or occurrence of any sort or type, in each case related to, arising from or in connection with the Loans, whether known or unknown, and which occurred, existed, was taken, permitted or begun prior to the Second
Amendment Date. Loan Parties hereby acknowledge and agree that the execution of this Second Amendment by Agent and Lenders shall not constitute an acknowledgment of or an admission by Agent or Lenders of the existence of any such claims or of
liability for any matter or precedent upon which liability may be asserted. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;8. <B><U>Miscellaneous</U></B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">8.1 <U>No Waiver of Defaults</U>. Other than with respect to the limited waiver granted in
<B><I>Section</I></B><B><I></I></B><B><I>&nbsp;4.2</I></B> hereof, this Second Amendment does not constitute (a)&nbsp;a waiver of, or a consent to, (i)&nbsp;any provision of the Loan Agreement or any other Loan Document not expressly referred to in
this Second Amendment, or (ii)&nbsp;any present or future violation of, or Default under, any provision of the Loan Documents, or (b)&nbsp;a waiver of Agent&#146;s or any Lender&#146;s right to insist upon future compliance with each term, covenant,
condition and provision of the Loan Documents. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">8.2 <U>Loan Document</U>. This Second Amendment is a Loan Document. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">8.3 <U>Form</U>. Each agreement, document, instrument or other writing to be furnished to Agent under any provision of this Second Amendment
must be in form and substance satisfactory to Agent and its counsel. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">8.4 <U>Headings</U>. The headings and captions used in this Second
Amendment are for convenience only and will not be deemed to limit, amplify or modify the terms of this Second Amendment, the Loan Agreement or the other Loan Documents. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">8.5 <U>Costs, Expenses and Attorneys&#146; Fees</U>. Loan Parties agree to pay or reimburse Agent, Lenders or their Affiliates promptly for
all their reasonable, documented and <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">out-of-pocket</FONT></FONT> costs, fees and expenses paid or incurred by Agent or any Lender in connection with the preparation, negotiation, and
execution of this Second Amendment, including, without limitation, the reasonable fees and expenses of Agent&#146;s and each Lender&#146;s counsel. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">10 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">8.6 <U>Successors and Assigns</U>. This Second Amendment shall be binding upon and inure to the
benefit of each of the undersigned and their respective successors and permitted assigns. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">8.7 <U>Multiple Counterparts</U>. This Second
Amendment may be executed in any number of counterparts with the same effect as if all signatories had signed the same document. All counterparts must be construed together to constitute one and the same instrument. This Second Amendment may be
transmitted and signed by facsimile and in .pdf or other electronic format. The effectiveness of any such documents and signatures shall, subject to applicable law, have the same force and effect as manually-signed originals and shall be binding on
Loan Parties, Agent and Lenders. Agent may also require that any such documents and signatures be confirmed by a manually-signed original; <I>provided, that</I>,<I> </I>the failure to request or deliver the same shall not limit the effectiveness of
any facsimile document or signature. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">8.8 <U>Governing Law</U>. This Second Amendment shall be a contract made under and governed by the
internal laws of the State of New York applicable to contracts made and to be performed entirely within such state, without regard to conflict of law principles (but including and giving effect to
<FONT STYLE="white-space:nowrap">Section&nbsp;5-1401</FONT> of the New York General Obligations Law). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">8.9 <U>Entirety</U>.
<B>T<SMALL>HE</SMALL> L<SMALL>OAN</SMALL> D<SMALL>OCUMENTS</SMALL> (<SMALL>AS</SMALL> <SMALL>AMENDED</SMALL> <SMALL>HEREBY</SMALL>) R<SMALL>EPRESENT</SMALL> <SMALL>THE</SMALL> F<SMALL>INAL</SMALL> A<SMALL>GREEMENT</SMALL> B<SMALL>ETWEEN</SMALL>
L<SMALL>OAN</SMALL> P<SMALL>ARTIES</SMALL>, A<SMALL>GENT</SMALL> <SMALL>AND</SMALL> L<SMALL>ENDERS</SMALL> <SMALL>AND</SMALL> M<SMALL>AY</SMALL> N<SMALL>OT</SMALL> B<SMALL>E</SMALL> C<SMALL>ONTRADICTED</SMALL> <SMALL>BY</SMALL>
E<SMALL>VIDENCE</SMALL> <SMALL>OF</SMALL> P<SMALL>RIOR</SMALL>, C<SMALL>ONTEMPORANEOUS</SMALL>, <SMALL>OR</SMALL> S<SMALL>UBSEQUENT</SMALL> O<SMALL>RAL</SMALL> A<SMALL>GREEMENTS</SMALL> <SMALL>BY</SMALL> <SMALL>THE</SMALL> P<SMALL>ARTIES</SMALL>.
T<SMALL>HERE</SMALL> A<SMALL>RE</SMALL> N<SMALL>O</SMALL> U<SMALL>NWRITTEN</SMALL> O<SMALL>RAL</SMALL> A<SMALL>GREEMENTS</SMALL> <SMALL>AMONG</SMALL> <SMALL>THE</SMALL> P<SMALL>ARTIES</SMALL>.</B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><I>[Signatures appear on the next page] </I></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">11 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Second Amendment to Loan Agreement is executed as of the date set forth in the opening
paragraph hereof. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="87%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>AGENT:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>D<SMALL>EERPATH</SMALL> F<SMALL>UNDING</SMALL>, LP</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">a Delaware limited partnership,</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">as Agent</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Deerpath Funding General Partner, Inc.,</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">its
general partner</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Anish Bahl</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Anish Bahl</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chief Financial Officer</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>LENDER:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>D<SMALL>EERPATH</SMALL> F<SMALL>UNDING</SMALL>, </B><B>LP</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">a Delaware limited partnership,</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">as Lender</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Deerpath Funding General Partner, Inc., its general partner</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Anish Bahl</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Anish Bahl</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chief Financial Officer</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[S<SMALL>IGNATURE</SMALL> P<SMALL>AGE</SMALL> 1 <SMALL>OF</SMALL> 3 <SMALL>TO</SMALL> S<SMALL>ECOND</SMALL> A<SMALL>MENDMENT</SMALL>
<SMALL>TO</SMALL> L<SMALL>OAN</SMALL> A<SMALL>GREEMENT</SMALL> (Y<SMALL>OGA</SMALL>W<SMALL>ORKS</SMALL>, I<SMALL>NC</SMALL>.)] </P>


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<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="87%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>BORROWERS:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Y<SMALL>OGA</SMALL> W<SMALL>ORKS</SMALL>, I<SMALL>NC</SMALL>.</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">a California corporation</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Vance Chang</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">Vance Chang</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">CFO</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>B<SMALL>E</SMALL> Y<SMALL>OGA</SMALL> LLC</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">a New York limited liability company</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Vance Chang</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">Vance Chang</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">CFO</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>C<SMALL>ENTER</SMALL> F<SMALL>OR</SMALL> Y<SMALL>OGA</SMALL>, I<SMALL>NC</SMALL>.</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">a California corporation</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Vance Chang</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">Vance Chang</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">CFO</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>N<SMALL>OR</SMALL> C<SMALL>AL</SMALL> W<SMALL>HOLE</SMALL> B<SMALL>ODY</SMALL> LLC</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">a Delaware limited liability company</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Vance Chang</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">Vance Chang</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">CFO</P></TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[S<SMALL>IGNATURE</SMALL> P<SMALL>AGE</SMALL> 2 <SMALL>OF</SMALL> 3 <SMALL>TO</SMALL> S<SMALL>ECOND</SMALL> A<SMALL>MENDMENT</SMALL>
<SMALL>TO</SMALL> L<SMALL>OAN</SMALL> A<SMALL>GREEMENT</SMALL> (Y<SMALL>OGA</SMALL>W<SMALL>ORKS</SMALL>, I<SMALL>NC</SMALL>.)] </P>


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<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="87%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>GUARANTORS:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>YWX H<SMALL>OLDINGS</SMALL>, I<SMALL>NC</SMALL>.</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">a Delaware corporation</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Vance Chang</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">Vance Chang</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">CFO</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>W<SMALL>HOLE</SMALL> B<SMALL>ODY</SMALL>, I<SMALL>NC</SMALL>.</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">a Delaware corporation</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Vance Chang</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">Vance Chang</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">CFO</P></TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[S<SMALL>IGNATURE</SMALL> P<SMALL>AGE</SMALL> 3 <SMALL>OF</SMALL> 3 <SMALL>TO</SMALL> S<SMALL>ECOND</SMALL> A<SMALL>MENDMENT</SMALL>
<SMALL>TO</SMALL> L<SMALL>OAN</SMALL> A<SMALL>GREEMENT</SMALL> (Y<SMALL>OGA</SMALL>W<SMALL>ORKS</SMALL>, I<SMALL>NC</SMALL>.)] </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>ANNEX A </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TO </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SECOND AMENDMENT TO
LOAN AGREEMENT </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Supplemental Schedules to Loan Documents </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(See attached.) </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>ANNEX B </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TO </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SECOND AMENDMENT TO
LOAN AGREEMENT </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Form of Compliance Certificate </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(See attached.) </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>ANNEX C </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TO </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SECOND AMENDMENT TO
LOAN AGREEMENT </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Schedule 8.16 (Post-Closing Matters) </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(See attached.) </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.3 </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SECOND AMENDMENT TO LOAN AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">THIS SECOND AMENDMENT TO LOAN AGREEMENT (this &#147;<B><I>Second Amendment</I></B>&#148;) is entered into and made effective as of
March&nbsp;27, 2017 (the &#147;<B><I>Second Amendment Date</I></B>&#148;), by and among Y<SMALL>OGA</SMALL> W<SMALL>ORKS</SMALL>, I<SMALL>NC</SMALL>., a California corporation (&#147;<B><I>Yoga Works</I></B>&#148;), B<SMALL>E</SMALL>
Y<SMALL>OGA</SMALL> LLC, a New York limited liability company (&#147;<B><I>Be Yoga</I></B>&#148;), C<SMALL>ENTER</SMALL> <SMALL>FOR</SMALL> Y<SMALL>OGA</SMALL> I<SMALL>NC</SMALL>., a California corporation (&#147;<B><I>Center</I></B>&#148;),
N<SMALL>OR</SMALL> C<SMALL>AL</SMALL> W<SMALL>HOLE</SMALL> B<SMALL>ODY</SMALL> LLC, a Delaware limited liability company (&#147;<B><I>Nor Cal</I></B>&#148;), and the other borrowers from time to time party to the Loan Agreement (defined below)
(together with Yoga Works, Be Yoga, Center and Nor Cal, each, a &#147;<B><I>Borrower</I></B>&#148; and, collectively, &#147;<B><I>Borrowers</I></B>&#148;), YWX H<SMALL>OLDINGS</SMALL>, I<SMALL>NC</SMALL>., a Delaware corporation
(&#147;<B><I>Holdings</I></B>&#148;), W<SMALL>HOLE</SMALL> B<SMALL>ODY</SMALL>, I<SMALL>NC</SMALL>., a Delaware corporation (the &#147;<B><I>Company</I></B>&#148;), and the other guarantors from time to time party to the Loan Agreement (together
with Holdings and the Company, the &#147;<B><I>Guarantors</I></B>&#148;; the Guarantors together with Borrowers, &#147;<B><I>Loan Parties</I></B>&#148; and, individually, a &#147;<B><I>Loan Party</I></B>&#148;), D<SMALL>EERPATH</SMALL>
F<SMALL>UNDING</SMALL>, LP, a Delaware limited partnership (&#147;<B><I>Deerpath</I></B>&#148;), and the other lenders from time to time party to the Loan Agreement (together with Deerpath, each, a &#147;<B><I>Lender</I></B>&#148; and, collectively,
the &#147;<B><I>Lenders</I></B>&#148;), and Deerpath, as administrative agent and collateral agent for itself and the other Lenders (in such capacity, &#147;<B><I>Agent</I></B>&#148;). Capitalized terms used, but not defined, in this Second
Amendment have the respective meanings given such terms in the Loan Agreement. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>RECITALS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">A. Loan Parties, Lenders and Agent have entered into that certain Loan Agreement (as amended by that certain First Amendment to Loan Agreement
dated as of December&nbsp;23, 2015, and as further amended, restated, supplemented or modified to date, the &#147;<B><I>Loan Agreement</I></B>&#148;), dated effective as of July&nbsp;24, 2015 (the &#147;<B><I>Closing Date</I></B>&#148;), pursuant to
which Lenders have made (i)&nbsp;a single-advance senior secured term loan on the Closing Date in the amount of $5,000,000, and (ii)&nbsp;a conditional commitment to provide additional single-advance senior secured term loans from time to time
following the Closing Date in an aggregate amount not to exceed $15,000,000. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">B. Loan Parties have informed Agent and Lenders that one or
more Defaults have occurred as of December&nbsp;31, 2016 and are continuing as a result of (i)&nbsp;the Loan Parties&#146; failure to comply with certain of the financial covenants set forth in <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;10
</I></B>of the Loan Agreement as of the testing date on December&nbsp;31, 2016 (collectively, and including any misrepresentation made or deemed made by or on behalf of any Loan Party in connection therewith or otherwise resulting from the existence
thereof, the &#147;<B><I>Q4 2016 Financial Covenant Defaults</I></B>&#148;) and (ii)&nbsp;the Loan Parties&#146; failure to comply with certain of the covenants set forth in <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;8.16</I></B> of the Loan
Agreement with respect to paragraph 1 of <B><I>Schedule 8.16</I></B> of the Loan Agreement (the &#147;<B><I>Post-Closing Covenant Defaults</I></B>&#148; and collectively with the Q4 2016 Financial Covenant Defaults, the &#147;<B><I>Specified
Defaults</I></B>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">C. Borrowers have requested that Agent and Lenders (i)&nbsp;make certain modifications to the Loan Agreement and
(ii)&nbsp;waive the Specified Defaults, and Agent and Lenders have agreed to such requests, on the terms and subject to the conditions set forth herein. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
acknowledged, the undersigned hereby agree as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;1. <B><U>Amendments to Loan Agreement.</U> </B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.1 The Recitals to this Second Amendment are incorporated into and made a part of the Loan Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.2 <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;1.1</I></B> of the Loan Agreement is amended to add the following definition: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>2017/2018 Mandatory Prepayment </I></B>is defined in <B><I>Section 2.5(d)</I></B>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>2017/2018 Mandatory Prepayment Trigger Event</I></B> means the earliest to occur of any of the following: (a)&nbsp;Loan
Parties fail to close and consummate a Qualifying 2017 IPO on or prior to December&nbsp;31, 2017, (b) Loan Parties fail to comply with one or more of the financial covenants set forth in <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;10 </I></B>as
of the testing date occurring on March&nbsp;31, 2018, as reflected in Loan Parties&#146; Compliance Certificate delivered to Agent pursuant to <B><I>Sections 8.1(b) </I></B>and<B><I> 8.1(c) </I></B>in respect of their fiscal quarter and fiscal month
ending March&nbsp;31, 2018, or (c)&nbsp;Loan Parties fail to deliver, Loan Parties&#146; monthly financial statements as of, and for the period ending on, March&nbsp;31, 2018, together with the Compliance Certificate with respect to such financial
statements, all in accordance with <B><I>Sections 8.1(b) </I></B>and <B><I>(c)</I></B>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Applicable Margin
</I></B>means, when determined for any period: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) during the period commencing on the Closing Date and ending on
December&nbsp;31, 2016, 7.00%; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) during the period commencing on January&nbsp;1, 2017 and ending on March&nbsp;31, 2018:
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) if the Qualifying 2017 IPO Closing Date has not occurred, 8.00%; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) from and after the occurrence of the Qualifying 2017 IPO Closing Date, 7.50%; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) during the period commencing on April&nbsp;1, 2018 and continuing until the Payment in Full of the Obligation, the
Applicable Margin as in effect as of March&nbsp;31, 2018, in accordance with subsection (b)&nbsp;above; <I>provided, that</I>, on the first quarterly testing date under <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;10</I></B> (beginning with the
quarterly testing date on March&nbsp;31, 2018) when Loan Parties are in compliance with each of the financial covenants set forth in <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;10 </I></B>and no other Default or Potential Default exists, then the
Applicable Margin shall be reduced to 7.00% effective as of the day immediately following such quarterly testing date. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Elevated Minimum Liquidity Period </I></B>is defined in <B><I>Section 9.17(b)</I></B>. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Qualifying 2017 IPO</I></B> means a firmly underwritten primary public
offering of Equity Securities of Holdings under a registration statement filed by Holdings under the Securities Act; <I>provided that </I>such offering (a)&nbsp;is closed and consummated on or prior to December&nbsp;31, 2017, and (b)&nbsp;results in
aggregate cash proceeds to Holdings and its Equityholders of at least $25,000,000 (net of underwriting discounts and commissions). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Qualifying 2017 IPO Closing Date</I></B> means the date on which the Qualifying 2017 IPO is consummated. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Second Amendment </I></B>means that certain Second Amendment to this Agreement dated as of the Second Amendment Date, by
and among the Loan Parties, Lenders and Agent. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Second Amendment Date </I></B>means March&nbsp;27, 2017. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.3 <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;1.1</I></B> of the Loan Agreement is amended to delete the definitions of
&#147;<B><I>Compliance Certificate</I></B>&#148;, &#147;<B><I>Liquidity Event</I></B>&#148;, &#147;<B><I>Principal Debt</I></B>&#148;, &#147;<B><I>Sponsor Subordinated Debt Agreement</I></B>&#148;, &#147;<B><I>Sponsor Subordinated Debt Subordination
Agreement</I></B>&#148; and &#147;<B><I>Term Loan Principal Debt</I></B>&#148; in their entirety and replace them with the following: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Compliance Certificate</I></B> means a certificate substantially in the form of <B><I>Annex B </I></B>attached to the
Second Amendment and signed by a Responsible Officer of the Company. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Liquidity Event</I></B> means the occurrence of
any one of the following: (a)&nbsp;a firmly underwritten primary public offering of Equity Securities under a registration statement filed by any Loan Party under the Securities Act which results in aggregate proceeds to the Loan Parties and their
Equityholders of at least $10,000,000 (net of underwriting discounts and commissions), other than a Qualifying 2017 IPO, or (b)&nbsp;a Change of Control. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Principal Debt</I></B> means, when determined, the aggregate outstanding principal balance of the Loans (including any
accrued and unpaid interest added pursuant to <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;3.5</I></B>). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Sponsor
Subordinated Debt Agreement </I></B>means that certain (a)&nbsp;Note Purchase Agreement effective as of June&nbsp;3, 2015 by and among Sponsor, Great Hill Investors, LLC and Holdings and (b)&nbsp;Note Purchase Agreement dated as of March&nbsp;27,
2017 by and among Sponsor, Great Hill Investors, LLC and Holdings. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Sponsor Subordinated Debt Subordination Agreement
</I></B>means that certain (a)&nbsp;Subordination and Intercreditor Agreement dated the Closing Date, by and among Sponsor, as subordinated lender, Agent and Loan Parties, attached hereto as <B><I>Exhibit H</I></B>, as amended, restated, modified or
supplemented from time to time in compliance with this Agreement and (b)&nbsp;Subordination and Intercreditor Agreement dated as of March&nbsp;27, 2017 by and among Sponsor and Great Hill Investors, LLC, as subordinated lenders, Agent and Loan
Parties. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><I>Term Loan Principal Debt</I></B> means, when determined, the aggregate
outstanding principal balance of the Term Loan (including any accrued and unpaid interest added pursuant to <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;3.5</I></B>). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.4 The <FONT STYLE="white-space:nowrap">lead-in</FONT> to <B><I>Section 2.4(b)</I></B> of the Loan Agreement is deleted in its entirety and
replaced with the following: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;(b) Concurrently with (and in addition to) any and all payments of the Term Loan
Principal Debt that are funded on or prior to the third anniversary of the Closing Date other than (x)&nbsp;Annual Excess Cash Flow Prepayments, (y)&nbsp;required quarterly amortization payments pursuant to <B><I>Section 3.2(b)</I></B>, and
(z)&nbsp;as set forth in <B><I>Sections 2.5(d)</I></B>, <B><I>3.7</I></B> and <B><I>3.8</I></B>, Borrowers shall pay to Lenders a premium in cash, as follows:&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.5 The second sentence of <B><I>Section 2.4(c) </I></B>of the Loan Agreement is amended to delete the reference to &#147;Term Notes&#148;
therein and replace it with &#147;Term Loan&#148;. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.6 <B><I>Section 2.5(c) </I></B>of the Loan Agreement is amended to delete the
reference to &#147;Term Notes&#148; therein and replace it with &#147;Term Loan&#148;. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.7 A new <I>subsection</I><B><I>
</I></B><I>(d)</I>&nbsp;is added to <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;2.5 </I></B>of the Loan Agreement, as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;(d) At Required Lenders&#146; election, upon the occurrence of a 2017/2018 Mandatory Prepayment Trigger Event, Borrowers
shall be required to make a mandatory prepayment of the Term Loan Principal Debt (not subject to any prepayment penalty or premium) in an amount equal to $1,300,000.00 (a &#147;<B><I>2017/2018 Mandatory Prepayment</I></B>&#148;). Any 2017/2018
Mandatory Prepayment shall be (i)&nbsp;payable no later than sixty (60)&nbsp;days following Borrowers&#146; receipt of a notice informing Borrowers that Required Lenders have elected to require the 2017/2018 Mandatory Prepayment, and
(ii)&nbsp;applied to reduce the Term Loan Principal Debt in the reverse order of maturity, beginning with the Term Loan Principal Debt due at the Maturity Date.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.8 The first sentence of <B><I>Section 3.1(a) </I></B>of the Loan Agreement is deleted in its entirety and replaced with the following: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Borrowers agree that, promptly upon request by any Lender, Borrowers shall execute and deliver to such Lender a Note
evidencing any Loans of such Lender, substantially in the form of <B><I>Exhibit A</I></B>, with appropriate insertions as to date and principal amount.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.9 <B><I>Section 3.4(a) </I></B>of the Loan Agreement is deleted in its entirety and replaced with the following: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;(a) <U>Interest Rate</U>. Except as otherwise provided in this Agreement, the Principal Debt shall accrue interest at an
annual rate equal to the <I>lesser of</I> (i)&nbsp;the LIBOR Rate <I>plus </I>the Applicable Margin per annum and (ii)&nbsp;the Maximum Rate per annum.&#148; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.10 The first reference to &#147;Notes&#148; in the second sentence of <B><I>Section 3.7(a)
</I></B>of the Loan Agreement is deleted in its entirety and replaced with the following: &#147;Loans&#148;. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.11 <B><I>Section 8.1(b)
</I></B>of the Loan Agreement is deleted in its entirety and replaced with the following: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;(b) Promptly after
preparation, and no later than thirty (30)&nbsp;days after the last day of each calendar month of the Loan Parties: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i)
internally-certified unaudited financial statements (including consolidated statements of income and cash flows and a balance sheet) showing the consolidated financial condition and results of operations of the Loan Parties as of, and for the month,
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">year-to-date</FONT></FONT> and, if applicable, quarter period ended on, that last day; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) during the period commencing on the Second Amendment Date until the first quarterly testing date following the Second
Amendment Date when Loan Parties are in compliance with the financial covenants set forth in <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;10 </I></B>of this Agreement, a Compliance Certificate with respect to such financial statements certifying
(A)&nbsp;as to the Loan Parties&#146; compliance with the covenant set forth in <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;9.17</I></B> of this Agreement and (B)&nbsp;that such financial statements were prepared in accordance with the Accounting
Practices (subject to normal <FONT STYLE="white-space:nowrap">year-end</FONT> adjustments and the absence of footnote disclosures) and present fairly, in all material respects, the consolidated financial condition and results of operations of the
Loan Parties; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iii) during the period commencing on the date after the first quarterly testing date following the
Second Amendment Date when Loan Parties are in compliance with the financial covenants set forth in <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;10</I></B> of this Agreement until the Payment in Full of the Obligation, a certificate which will, at
a minimum, include a statement that such financial statements were prepared in accordance with the Accounting Practices (subject to normal <FONT STYLE="white-space:nowrap">year-end</FONT> adjustments and the absence of footnote disclosures) and
present fairly, in all material respects, the consolidated financial condition and results of operations of the Loan Parties.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.12
The first sentence of <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;9.12</I></B> of the Loan Agreement is amended to delete the reference to &#147;Schedule 7.18(a)&#148; therein and replace it with &#147;Section 7.18(a)&#148;. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.13 <B><I>Section 9.14(a)</I></B> of the Loan Agreement is deleted in its entirety and replaced with the following: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;(a) Except as expressly permitted by the applicable Subordination Agreement, no Loan Party may voluntarily prepay,
redeem, defease, repurchase, acquire for value or make any sinking fund payment or other voluntary or optional payment with respect to any principal of, or interest on, any Debt other than (i)&nbsp;the Obligation and (ii)&nbsp;the retirement of
Sponsor Subordinated Debt pursuant to its conversion into Equity Securities (other than Disqualified Stock).&#148; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.14 <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;9.17 </I></B>of the Loan Agreement is deleted
in its entirety and replaced with the following: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;9.17 <U>Available Cash</U>. The aggregate cash available in the
Loan Parties&#146; deposit accounts shall not be less than: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) $250,000, at any time prior to the Second Amendment Date;
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) $1,300,000, as of the last day of each fiscal month of Loan Parties during the period commencing on the Second
Amendment Date and ending on the earlier to occur of (i)&nbsp;Loan Parties&#146; delivery of the financial statements and Compliance Certificate as of, and for the applicable periods ending on, March&nbsp;31, 2018 pursuant to <B><I>Sections 8.1(b)
</I></B>and <B><I>(c)</I></B>, <I>provided</I>,<I> that</I> no Default or Potential Default exists as of March&nbsp;31, 2018, as certified and reflected on such Compliance Certificate, or (ii)&nbsp;Loan Parties&#146; payment in full in cash of any
2017/2018 Mandatory Prepayment in accordance with this Agreement (the &#147;<B><I>Elevated Minimum Liquidity Period</I></B>&#148;); and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) $250,000, at any time after the last day of the Elevated Minimum Liquidity Period.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.15 <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;10 </I></B>of the Loan Agreement is amended to delete in its entirety the last sentence
thereof and replace it with the following: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Each of the covenants in this
<B><I>Section</I></B><B><I></I></B><B><I>&nbsp;10 </I></B>shall be tested on a quarterly basis, as of the last day of each fiscal quarter of Loan Parties, commencing with Loan Parties&#146; fiscal quarter ended September&nbsp;30, 2015;
<I>provided</I>, <I>however</I>, <I>that </I>the covenants in this <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;10 </I></B>shall not be tested as of any of the following dates: March&nbsp;31, 2017, June&nbsp;30, 2017, September&nbsp;30, 2017, and
December&nbsp;31, 2017.&#148; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.16 <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;12.4 </I></B>of the Loan Agreement is
deleted in its entirety and replaced with the following: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;12.4 <U>Reserved</U>.&#148; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.17 The addresses (and telecopy numbers) for the parties set forth in
<B><I>Section</I></B> <B><I>14.3 </I></B>of the Loan Agreement are deleted in their entirety and replaced with the following: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">&#147;If to
Loan Parties: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Whole Body, Inc. (d/b/a Yoga Works) </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">5780 Uplander Way </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Culver City,
CA 90230 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Attention: Vance Chang </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Fax No.: (310) <FONT STYLE="white-space:nowrap">496-1373</FONT> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Tel. No.: (310) <FONT STYLE="white-space:nowrap">664-6470</FONT> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">with a copy to (which shall not constitute notice): </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Great Hill Partners </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">One Liberty
Square </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Boston, MA 02109 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Attention: Peter L. Garran </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Fax
No.: (617) <FONT STYLE="white-space:nowrap">292-9475</FONT> </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Tel. No.: (617) <FONT STYLE="white-space:nowrap">790-9475</FONT> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Latham&nbsp;&amp; Watkins LLP </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">355 South Grand Avenue </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Los
Angeles, CA 90071-1560 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Attention: Glen Collyer </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Fax No.: (213) <FONT STYLE="white-space:nowrap">891-8763</FONT> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Tel. No.: (213) <FONT STYLE="white-space:nowrap">891-8701</FONT> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">If to Agent or Lenders: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">For
purposes of communications regarding any payments by Borrowers under the Loan Agreement or the other Loan Documents, including, but not limited to, communications regarding wiring information, payment details and payment confirmations: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Deerpath Funding, LP </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">405
Lexington Avenue, 53<SUP STYLE="font-size:85%; vertical-align:top">rd</SUP> Floor </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">New York, NY 10174 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Attention: Brian Yoon </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Tel. No.:
(310) <FONT STYLE="white-space:nowrap">752-4954</FONT> </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Email: <U>BYoon@deerpathcapital.com</U> and cc:
<U>operations@deerpathcapital.com</U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">For all other purposes: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Deerpath Funding, LP </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">405
Lexington Avenue, 53<SUP STYLE="font-size:85%; vertical-align:top">rd</SUP> Floor </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">New York, NY 10174 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Attention: Brian Yoon </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Tel. No.:
(310) <FONT STYLE="white-space:nowrap">752-4954</FONT> </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Email: <U>BYoon@deerpathcapital.com</U> and cc:
<U>reporting@deerpathcapital.com</U> </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">with a copy to (which shall not constitute notice): </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Porter Hedges LLP </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">1000 Main
Street, 36<SUP STYLE="font-size:85%; vertical-align:top">th </SUP>Floor </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Houston, Texas 77002 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Attention: Andrew C. Fertitta </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Tel. No.: (713) <FONT STYLE="white-space:nowrap">226-6640</FONT> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Email: <U>AFertitta@porterhedges.com</U>&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;2. <B><U>Schedule 8.16 to Loan Agreement</U></B>. Loan Parties acknowledge and agree that, effective as of the Second Amendment
Date, Schedule 8.16 (Post-Closing Matters) to the Loan Agreement is hereby deleted in its entirety and replaced with <U>Annex C</U>, attached hereto, which is hereby incorporated and made a part of the Loan Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;3. <B><U>Fees and Expenses</U></B>. On the Second Amendment Date, Borrowers shall pay (a)&nbsp;to Lenders, an amendment fee in an
amount equal to $34,562.50, which is equal to 0.50% of the Term Loan Principal Debt as of the Second Amendment Date, and (b)&nbsp;to Agent and Lenders, as applicable, any other fees and expenses provided for in
<B><I>Section</I></B><B><I></I></B><B><I>&nbsp;8.11 </I></B>of the Loan Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;4. <B><U>Specified Default Interest;
Limited Waiver of Specified Defaults</U></B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">4.1 <U>Specified Default Interest</U>. Required Lenders hereby agree that they have elected
not to accrue interest on the Principal Debt at the Default Rate (pursuant to their rights under <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;3.5</I></B> of the Loan Agreement and as a result of the Specified Defaults) during the period commencing
on January&nbsp;1, 2017 and ending on the Second Amendment Date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">4.2 <U>Limited Waiver</U>. Subject to the satisfaction of the conditions
set forth in <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;5</I></B> below, Agent and each Lender hereby waive the Specified Defaults, effective as of the Second Amendment Date. <B></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;5. <B><U>Conditions</U></B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">5.1 This Second Amendment shall be effective once each of the following have been received by Agent at the closing of the transactions
contemplated by this Second Amendment:<B> </B> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) this Second Amendment, duly executed by Loan Parties, Agent and
Lenders; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;a certificate of the secretary of each Loan Party, certifying as to its certificate of formation or
other applicable charter document (other than for Yoga Works, Inc. and Center for Yoga Inc.) and the operating agreement or bylaws, as applicable, of such Loan Party, the incumbency of its officers executing Loan Documents on such Loan Date and
their specimen signatures and resolutions adopted by its Board of Directors authorizing this Second Amendment and the other Second Amendment Documents (as defined below) to which such Loan Party is a party; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">8 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) Certificates of Existence and Good Standing for each Loan Party from each of
the jurisdictions where such Loan Party is organized; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) executed copies of the Sponsor Subordinated Debt Subordination
Agreement and the Sponsor Subordinated Debt Agreement; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e) payment by Borrowers of the amendment fee for the Second
Amendment, in accordance with <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;3</I></B> above. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;6. <B><U>Representations and
Warranties</U></B>. Loan Parties represent and warrant to Lenders, jointly and severally, that (a)&nbsp;Loan Parties possess all requisite power and authority to execute, deliver and comply with the terms of this Second Amendment and the other
certificates, documents and agreements set forth in <B><I>Section</I></B><B><I></I></B><B><I>&nbsp;5.1</I></B> above (collectively, the &#147;<B><I>Second Amendment Documents</I></B>&#148;), (b) the Second Amendment Documents have been duly
authorized and approved by all requisite corporate and company action on the part of Loan Parties, (c)&nbsp;no other consent of any Person (other than Agent and Lenders and consents that have been obtained) is required for the Second Amendment
Documents to be effective, (d)&nbsp;the execution and delivery of the Second Amendment Documents does not violate any of Loan Parties&#146; organizational documents, (e)&nbsp;assuming the due execution and delivery, as applicable, by Agent and
Lenders, the Second Amendment Documents constitute valid and binding agreements of Loan Parties, enforceable against Loan Parties in accordance with their terms, except as enforceability may be limited by applicable Debtor Relief Laws and general
principles of equity; (f)&nbsp;except as set forth in <U>Annex A</U> attached hereto and except for the representations and warranties that would be untrue solely as a result of the existence of the Specified Defaults, the representations and
warranties in each Loan Document to which any Loan Party is a party are true and correct in all material respects on and as of the Second Amendment Date as though made on the Second Amendment Date (except to the extent that such representations and
warranties speak to a specific date, in which case such representations and warranties shall be true and correct in all material respects as of such specific date), (g) other than with respect to the Specified Defaults, no Material Adverse Event
exists, (h)&nbsp;no Litigation is pending against any Loan Party which, if adversely determined, would reasonably be expected to result in a Material Adverse Event, (i)&nbsp;other than with respect to the Specified Defaults, no Default or Potential
Default exists, and (j)&nbsp;other than with respect to the Specified Defaults, each Loan Party is in compliance in all material respects with all covenants and agreements contained in each Loan Document to which it is a party. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;7. <B><U>Scope of Amendment; Reaffirmation; Release</U></B><U>.<B></B></U><B></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.1 From and after the Second Amendment Date, all references to the Loan Agreement shall refer to the Loan Agreement as amended by this Second
Amendment. Except as affected by this Second Amendment, the Loan Documents are unchanged and continue in full force and effect. However, in the event of any inconsistency between the terms of the Loan Agreement (as amended by this Second Amendment)
and any other Loan Document, the terms of the Loan Agreement (as amended by this Second Amendment) shall control and such other document shall be deemed to be amended to conform to the terms of the Loan Agreement (as amended by this Second
Amendment). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">9 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.2 Each Loan Party hereby (a)&nbsp;ratifies and reaffirms its obligations under the Loan
Documents to which it is a party and (b)&nbsp;confirms and agrees that all Loan Documents to which it is a party, including, but not limited to, all Liens granted in favor of Agent or Lenders pursuant to the Security Documents, remain in full force
and effect and continue to be legal, valid, and binding obligations, enforceable in accordance with their terms (as the same are affected by this Second Amendment), except as enforceability may be limited by applicable Debtor Relief Laws and general
principles of equity. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">7.3 Loan Parties and their respective representatives, successors and assigns hereby jointly and severally,
knowingly and voluntarily RELEASE, DISCHARGE and FOREVER WAIVE and RELINQUISH any and all claims, demands, obligations, liabilities, defenses, affirmative defenses, setoffs, counterclaims, actions and causes of action of whatsoever kind or nature,
whether known or unknown, which each of them has, may have or might have or may assert now or in the future against Agent or any Lender directly or indirectly, arising out of, based upon or in any manner connected with any transaction, event,
circumstance, action, failure to act or occurrence of any sort or type, in each case related to, arising from or in connection with the Loans, whether known or unknown, and which occurred, existed, was taken, permitted or begun prior to the Second
Amendment Date. Loan Parties hereby acknowledge and agree that the execution of this Second Amendment by Agent and Lenders shall not constitute an acknowledgment of or an admission by Agent or Lenders of the existence of any such claims or of
liability for any matter or precedent upon which liability may be asserted. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;8. <B><U>Miscellaneous</U></B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">8.1 <U>No Waiver of Defaults</U>. Other than with respect to the limited waiver granted in
<B><I>Section</I></B><B><I></I></B><B><I>&nbsp;4.2</I></B> hereof, this Second Amendment does not constitute (a)&nbsp;a waiver of, or a consent to, (i)&nbsp;any provision of the Loan Agreement or any other Loan Document not expressly referred to in
this Second Amendment, or (ii)&nbsp;any present or future violation of, or Default under, any provision of the Loan Documents, or (b)&nbsp;a waiver of Agent&#146;s or any Lender&#146;s right to insist upon future compliance with each term, covenant,
condition and provision of the Loan Documents. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">8.2 <U>Loan Document</U>. This Second Amendment is a Loan Document. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">8.3 <U>Form</U>. Each agreement, document, instrument or other writing to be furnished to Agent under any provision of this Second Amendment
must be in form and substance satisfactory to Agent and its counsel. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">8.4 <U>Headings</U>. The headings and captions used in this Second
Amendment are for convenience only and will not be deemed to limit, amplify or modify the terms of this Second Amendment, the Loan Agreement or the other Loan Documents. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">8.5 <U>Costs, Expenses and Attorneys&#146; Fees</U>. Loan Parties agree to pay or reimburse Agent, Lenders or their Affiliates promptly for
all their reasonable, documented and <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">out-of-pocket</FONT></FONT> costs, fees and expenses paid or incurred by Agent or any Lender in connection with the preparation, negotiation, and
execution of this Second Amendment, including, without limitation, the reasonable fees and expenses of Agent&#146;s and each Lender&#146;s counsel. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">10 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">8.6 <U>Successors and Assigns</U>. This Second Amendment shall be binding upon and inure to the
benefit of each of the undersigned and their respective successors and permitted assigns. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">8.7 <U>Multiple Counterparts</U>. This Second
Amendment may be executed in any number of counterparts with the same effect as if all signatories had signed the same document. All counterparts must be construed together to constitute one and the same instrument. This Second Amendment may be
transmitted and signed by facsimile and in .pdf or other electronic format. The effectiveness of any such documents and signatures shall, subject to applicable law, have the same force and effect as manually-signed originals and shall be binding on
Loan Parties, Agent and Lenders. Agent may also require that any such documents and signatures be confirmed by a manually-signed original; <I>provided, that</I>,<I> </I>the failure to request or deliver the same shall not limit the effectiveness of
any facsimile document or signature. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">8.8 <U>Governing Law</U>. This Second Amendment shall be a contract made under and governed by the
internal laws of the State of New York applicable to contracts made and to be performed entirely within such state, without regard to conflict of law principles (but including and giving effect to
<FONT STYLE="white-space:nowrap">Section&nbsp;5-1401</FONT> of the New York General Obligations Law). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">8.9 <U>Entirety</U>.
<B>T<SMALL>HE</SMALL> L<SMALL>OAN</SMALL> D<SMALL>OCUMENTS</SMALL> (<SMALL>AS</SMALL> <SMALL>AMENDED</SMALL> <SMALL>HEREBY</SMALL>) R<SMALL>EPRESENT</SMALL> <SMALL>THE</SMALL> F<SMALL>INAL</SMALL> A<SMALL>GREEMENT</SMALL> B<SMALL>ETWEEN</SMALL>
L<SMALL>OAN</SMALL> P<SMALL>ARTIES</SMALL>, A<SMALL>GENT</SMALL> <SMALL>AND</SMALL> L<SMALL>ENDERS</SMALL> <SMALL>AND</SMALL> M<SMALL>AY</SMALL> N<SMALL>OT</SMALL> B<SMALL>E</SMALL> C<SMALL>ONTRADICTED</SMALL> <SMALL>BY</SMALL>
E<SMALL>VIDENCE</SMALL> <SMALL>OF</SMALL> P<SMALL>RIOR</SMALL>, C<SMALL>ONTEMPORANEOUS</SMALL>, <SMALL>OR</SMALL> S<SMALL>UBSEQUENT</SMALL> O<SMALL>RAL</SMALL> A<SMALL>GREEMENTS</SMALL> <SMALL>BY</SMALL> <SMALL>THE</SMALL> P<SMALL>ARTIES</SMALL>.
T<SMALL>HERE</SMALL> A<SMALL>RE</SMALL> N<SMALL>O</SMALL> U<SMALL>NWRITTEN</SMALL> O<SMALL>RAL</SMALL> A<SMALL>GREEMENTS</SMALL> <SMALL>AMONG</SMALL> <SMALL>THE</SMALL> P<SMALL>ARTIES</SMALL>.</B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><I>[Signatures appear on the next page] </I></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">11 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Second Amendment to Loan Agreement is executed as of the date set forth in the opening
paragraph hereof. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="87%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>AGENT:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>D<SMALL>EERPATH</SMALL> F<SMALL>UNDING</SMALL>, LP</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">a Delaware limited partnership,</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">as Agent</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Deerpath Funding General Partner, Inc.,</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">its
general partner</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Anish Bahl</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Anish Bahl</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chief Financial Officer</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>LENDER:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>D<SMALL>EERPATH</SMALL> F<SMALL>UNDING</SMALL>, </B><B>LP</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">a Delaware limited partnership,</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">as Lender</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Deerpath Funding General Partner, Inc., its general partner</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Anish Bahl</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Anish Bahl</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chief Financial Officer</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[S<SMALL>IGNATURE</SMALL> P<SMALL>AGE</SMALL> 1 <SMALL>OF</SMALL> 3 <SMALL>TO</SMALL> S<SMALL>ECOND</SMALL> A<SMALL>MENDMENT</SMALL>
<SMALL>TO</SMALL> L<SMALL>OAN</SMALL> A<SMALL>GREEMENT</SMALL> (Y<SMALL>OGA</SMALL>W<SMALL>ORKS</SMALL>, I<SMALL>NC</SMALL>.)] </P>


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 <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="87%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>BORROWERS:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Y<SMALL>OGA</SMALL> W<SMALL>ORKS</SMALL>, I<SMALL>NC</SMALL>.</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">a California corporation</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Vance Chang</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">Vance Chang</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">CFO</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>B<SMALL>E</SMALL> Y<SMALL>OGA</SMALL> LLC</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">a New York limited liability company</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Vance Chang</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">Vance Chang</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">CFO</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>C<SMALL>ENTER</SMALL> F<SMALL>OR</SMALL> Y<SMALL>OGA</SMALL>, I<SMALL>NC</SMALL>.</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">a California corporation</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Vance Chang</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">Vance Chang</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">CFO</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>N<SMALL>OR</SMALL> C<SMALL>AL</SMALL> W<SMALL>HOLE</SMALL> B<SMALL>ODY</SMALL> LLC</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">a Delaware limited liability company</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Vance Chang</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">Vance Chang</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">CFO</P></TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[S<SMALL>IGNATURE</SMALL> P<SMALL>AGE</SMALL> 2 <SMALL>OF</SMALL> 3 <SMALL>TO</SMALL> S<SMALL>ECOND</SMALL> A<SMALL>MENDMENT</SMALL>
<SMALL>TO</SMALL> L<SMALL>OAN</SMALL> A<SMALL>GREEMENT</SMALL> (Y<SMALL>OGA</SMALL>W<SMALL>ORKS</SMALL>, I<SMALL>NC</SMALL>.)] </P>


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 <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="87%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>GUARANTORS:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>YWX H<SMALL>OLDINGS</SMALL>, I<SMALL>NC</SMALL>.</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">a Delaware corporation</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Vance Chang</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">Vance Chang</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">CFO</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>W<SMALL>HOLE</SMALL> B<SMALL>ODY</SMALL>, I<SMALL>NC</SMALL>.</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">a Delaware corporation</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Vance Chang</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">Vance Chang</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">CFO</P></TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[S<SMALL>IGNATURE</SMALL> P<SMALL>AGE</SMALL> 3 <SMALL>OF</SMALL> 3 <SMALL>TO</SMALL> S<SMALL>ECOND</SMALL> A<SMALL>MENDMENT</SMALL>
<SMALL>TO</SMALL> L<SMALL>OAN</SMALL> A<SMALL>GREEMENT</SMALL> (Y<SMALL>OGA</SMALL>W<SMALL>ORKS</SMALL>, I<SMALL>NC</SMALL>.)] </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>ANNEX A </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TO </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SECOND AMENDMENT TO
LOAN AGREEMENT </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Supplemental Schedules to Loan Documents </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(See attached.) </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>ANNEX B </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TO </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SECOND AMENDMENT TO
LOAN AGREEMENT </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Form of Compliance Certificate </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(See attached.) </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>ANNEX C </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TO </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SECOND AMENDMENT TO
LOAN AGREEMENT </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Schedule 8.16 (Post-Closing Matters) </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(See attached.) </P>
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