OpenTable entered into a credit agreement (the “Credit Agreement”) with Wells Fargo Bank (the “Lender”). The Credit Agreement provides for a senior secured revolving credit facility of $50 million (the “Revolving Facility”), for working capital and other general corporate purposes, and with a three year maturity (January 2016). No drawings were made under the Revolving Facility on the closing date of the Credit Agreement.

The obligations of the Borrower under the Credit Agreement are guaranteed by all direct and indirect domestic subsidiaries of the Borrower (collectively, the “Guarantors”, and together with the Borrower, the “Credit Parties”), and are secured, pursuant to a collateral agreement, by a first priority security interest in substantially all of the assets of the Credit Parties (other than intellectual property and 35% of the voting stock of foreign subsidiaries directly owned by Credit Parties), including a pledge of the capital stock holdings of certain direct subsidiaries of the Credit Parties (the “Collateral Agreement”).

Borrowings made under the Credit Agreement bear interest at a rate based on either (a) the London Interbank Offered Rate (“LIBOR”) plus 1.25% or (b) 0.25% plus the highest of (i) the Federal Funds Rate, as published by the Federal Reserve Bank of New York plus 0.50%, (ii) the Lender’s prime rate and (iii) the daily LIBOR for a one month period plus 1.00%. The default rate is 2.00% above the rate otherwise applicable.