HDP Hortonworks, Inc.

On November 1, 2017, Hortonworks, Inc. (the “Company”) entered into a $50.0 million senior secured revolving credit agreement with Silicon Valley Bank (the “Bank”), documented as an amendment and restatement of that certain two-year senior secured revolving credit facility dated November 2, 2016 with the Bank (as amended and restated, the “Amended and Restated Credit Agreement”). The revolving credit facility evidenced thereby has a three-year term, and loans advanced thereunder bear interest at a per annum rate equal to LIBOR plus 3.50%. Pursuant to the terms of the Amended and Restated Credit Agreement, the Company agreed to pay an annual facility fee equal to 0.50% of the aggregate amount of the revolving credit facility commitments and an unused line fee of 0.45% per annum on the unused commitments. All loans advanced thereunder are required to be guaranteed by certain material subsidiaries of the Company and all obligations of the Company and the subsidiary guarantors (if any) under the Amended and Restated Credit Agreement and related agreements with the Bank are secured by liens on or security interests in substantially all of the assets of the Company and all such subsidiary guarantors. As of the closing date, there were no subsidiary guarantors.

The Amended and Restated Credit Agreement includes financial covenants requiring a minimum trailing twelve-month non-GAAP operating profit and a minimum adjusted quick ratio. In addition, the Company is required to maintain on account with the Bank not less than $15.0 million. The Amended and Restated Credit Agreement also contains customary reporting, affirmative and restrictive covenants, including restrictive covenants imposing limitations on, among other matters, the ability of the Company and its subsidiaries to incur additional debt, grant liens, consummate asset sales, make investments (including acquisitions), and declare or make dividends or repurchase its stock. Furthermore, the Amendment contains customary events of default that include, among others, failure to pay principal, interest and fees when due, failure to comply with the other terms of the Amended and Restated Credit Agreement and related agreements, and certain insolvency related events. The existence of an event of default will allow the Bank to terminate its lending commitments, demand repayment of its loans, and otherwise exercise all rights and remedies of a secured creditor. Borrowings by the Company under the Amended and Restated Credit Agreement, if any, are expected to be used for general corporate purposes.

The foregoing description of the Amended and Restated Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the Amended and Restated Credit Agreement, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.