Mike Zendan

• Hired after the completion of AvidXchange’s IPO to provide counsel on a multitude of new obligations including SEC and public company reporting, investor relations, corporate finance and treasury, M&A, and corporate governance. • Led and closed a term loan and revolver within a one-month window that secured approximately $100M in debt at a materially reduced interest rate, replaced an existing facility, and saved $10M per year in interest expense, all in a rising rate environment. • Contributed to and led a crisis management team that responded over a six-month period to a cybersecurity, data exfiltration and ransom incident in which the company cooperated with inquiries from three state consumer and financial service regulators, managed customer and partner expectations and demands, and complied with regulatory requirements of various states that address notice and credit monitoring, all while managing response costs of $5.4M, before insurance recoveries. • Formulated licensing strategies, compliant money flow, and disclosure regimen as key member of broad product development team for new fintech growth initiative enabling customers, who are suppliers and vendors, to factor and collateralize their AR.

• Held global responsibility for legal, risk/compliance management, corporate reporting, governance, executive compensation, merger/acquisition, music licensing and intellectual property pursuits. • Directed Chapter 11 reorganization in July 2020, reducing secured debt obligations $400M+ followed by the strategic sale to Vector Capital, a San Francisco private equity firm, in Dec. 2020. • Identified, funded and closed $40M+ in bolt-on mergers and acquisitions in 2018 and 2019. • Managed 2017 company sale to Apollo, KKR-FS Investments and GSO, going private company, after an arrangement proceeding in Canada and a multi-year sales process led by Allen & Co. • Reorganized, decreasing headcount 33%, maintaining revenue generation and customer SLAs. • Facilitated negotiation outcomes with licensors limiting increase in global licensing. • Established a marketplace for COVID-19 related retail solutions to increase the customer base. • Systematized client acquisition strategies as the executive business leader of Mood Media’s Go-Convergence subsidiary to boost team performance while maintaining 17% EBITDA margins.

Promoted to EVP after serving as SVP and VP, Deputy General Counsel & Assistant Secretary. • Reporting to the CEO, oversaw legal, governance, finance, SEC filings, Jones Act initiatives, environmental standards, union negotiations, employment law and legislative functions. • Finished multi-year M&A process supported by Goldman Sachs, Skadden and Kirkland & Ellis to culminate in the successful merger and sale of Horizon in May 2015 for $600 million. • Spearheaded series of comprehensive out of court re-financings with Moelis & Co. and Houlihan Lokey to restructure over $700 million in debt obligations within a period of over 12 months. • Resolved disputes and allegations with the civil/criminal divisions of the U.S. Dept. of Justice. • Contested delisting criteria with NYSE, retaining critical liquidity options for the company. • Led government relations through a broad and deep coalition of owners, operators, workers and associations to build a harmonious environment and rapport. • Restructured business units and leadership structures to maximize potential M&A multiples. • Adhered to plea and parole obligations by facilitating compliance management activities. • Implemented NOL rights plan to protect shareholders against certain ownership changes that could impair a company’s ability to leverage net operating losses.

• Partnered with private equity partner and majority owners, Abrys Partners on a continuous series of financing and strategic liquidity events, in addition to 14 integrated acquisitions. • Oversaw a successful Chapter 11 reorganization process, confronting economic challenges of 2008 and leveraging bond indentures and a senior credit facility to represent over $450M in debt. • Collaborated with 56 licensees across 115 franchised territories in the U.S., Canada, Mexico, Japan and Europe, promoting sales, dispute resolution and franchise support/standards. • Transitioned a two person-licensing department into a department of six specialists to focus on aggressive content acquisition, cost efficiencies and relationship development. • Aligned with the Department of Justice for 14 months to manage a successful HSR review connected to a proposed merger with a prominent competitor.