Asure Software, Inc.

ASSIGNMENT

Asure Software Inc. (Nasdaq: ASUR), a leading provider of workplace management software, engaged Monroe Credit Advisors to secure a $14.5 million term loan that would be used to help fund the acquisition of PeopleCube. PeopleCube is a software company that provides software solutions that help customers manage their facilities and minimize real estate, meeting services, travel and energy costs. A portion of the senior credit facility also refinanced certain higher priced debt. Monroe was tasked with finding a lender that could move quickly to provide the capital necessary to fund the acquisition and also had the capacity to support future growth opportunities.

EXECUTION

Monroe Credit Advisors worked with Asure to structure the credit facility and to effectively communicate the Company’s evolving web based business model and cash flow generation capability given strong Saas (software-as-a-service) based solutions. Monroe ran a targeted placement process with banks, commercial finance companies and funds that focus on middle market cash flow transactions. Monroe received a number of competitive term sheets and worked with the Company to choose the best lender to meet its short term and long term financing objectives. Monroe was also able to secure a $5,000,000 delayed draw term loan facility to help finance the Company’s future growth initiatives.