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EXHIBIT 10.1
[LOGO] SILICON VALLEY BANK
AMENDMENT TO LOAN AND SECURITY
AGREEMENT
BORROWER: KOFAX IMAGE PRODUCTS, INC.
ADDRESS: 0 XXXXXX XXXXXX
XXXXXX, XXXXXXXXXX 00000
DATE: SEPTEMBER 18, 1997
THIS AMENDMENT TO LOAN AGREEMENT is entered into between SILICON VALLEY
BANK ("Silicon") and the borrower named above (the "Borrower"). The Parties
agree to amend the Loan and Security Agreement between them, dated February 28,
1992, as amended by that certain Amendment to Loan Agreement dated March 9,
1993, as amended by that certain Amendment to Loan Agreement dated October 10,
1994, as amended by that certain Amendment to Loan Agreement dated October 5,
1995, as amended by that certain Amendment to Loan Agreement dated January 20,
1996, and as amended by that certain Amendment to Loan Agreement dated October
__, 1996 (as so amended and as otherwise amended from time to time, the "Loan
Agreement"), as follows, effective on the date hereof. (Capitalized terms used
but not defined in this Amendment, shall have the meanings set forth in the Loan
Agreement.)
1. AMENDED MATURITY DATE. Section 5.1 of The Maturity Date as set forth
in the Schedule to Loan Agreement is amended effective as of the date hereof,
to read as set forth on the Amended Schedule to Loan and Security Agreement
attached hereto.
"MATURITY DATE (Section 5.1): JANUARY 5, 1998, other than with respect to
the Term Loan Facility. The Term Loan
Facility shall be due and payable in
accordance with the provisions set forth in
Section 1.1 above."
2. FACILITY FEE. The Borrower shall pay Silicon concurrently herewith a
facility fee in the amount of $1,250, which shall be in addition to all
interest and all other fees payable to Silicon and shall be non-refundable.
3. REPRESENTATIONS TRUE. Borrower represents and warrants to Silicon
that all representations and warranties set forth in the Loan Agreement, as
amended hereby, are true and correct as of the date hereof.
4. GENERAL PROVISIONS. This Amendment, the Loan Agreement, any prior
written amendments to the Loan Agreement signed by Silicon and the Borrower, and
the other written documents and agreements between Silicon and the Borrower set
forth in full all of the representations and agreements of the parties with
respect to the subject matter hereof and supersede all prior discussions,
representations, agreements and understandings between the parties with respect
to the subject hereof. Except as herein expressly amended, all of the terms
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SILICON VALLEY BANK AMENDMENT TO LOAN AND SECURITY AGREEMENT
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and provisions of the Loan Agreement, and all other documents and agreements
between Silicon and the Borrower shall continue in full force and effect and
the same are hereby ratified and confirmed.
BORROWER: SILICON:
KOFAX IMAGE PRODUCTS, INC. SILICON VALLEY BANK
By By
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President or Vice President Title
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By
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Secretary or Ass't Secretary
