AMENDMENT NUMBER EIGHT TO CREDIT AGREEMENT
This Amendment Number Eight to Credit Agreement (“ Amendment ”) is entered into as of August 13,
2010, by and among the lenders identified on the signature pages hereof (such lenders, together with their
respective successors and permitted assigns, are referred to hereinafter each individually as a “ Lender ” and
collectively as the “ Lenders ”), and WELLS FARGO CAPITAL FINANCE, INC., a California corporation,
formerly known as Wells Fargo Foothill, Inc., as the arranger and administrative agent for the Lenders (in such
capacity, together with its successors and assigns in such capacity, “ Agent ”), on the one hand, and
TELTRONICS, INC., a Delaware corporation (“ Borrower ”), on the other hand, with reference to the
Borrower, Agent, and Lenders have previously entered into that certain Credit Agreement, dated
as of May 31, 2007 (as amended and modified, from time to time, the “ Agreement ”).
Borrower has requested that Agent and Lenders make certain amendments to the Agreement as
provided for and on the conditions set forth herein.
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto hereby amend and supplement the Agreement as follows:
DEFINITIONS . All initially capitalized terms used in this Amendment shall have the meanings
given to them in the Agreement unless specifically defined herein.
The principal amortization set forth in the table under Section 2.2 (Term Loan) of the
Agreement is hereby amended by deleting such table in its entirety and replacing it with the following:
Clause (a) of Section 6.16 (Minimum EBITDA) of the Agreement is hereby amended
by deleting (i) the proviso set forth in the un-numbered paragraph at the end of such clause in its entirety without
replacement, and (ii) the financial covenants for