FORBEARANCE AGREEMENTForbearance Agreement • May 15th, 2007 • Axs One Inc • Services-prepackaged software
This Forbearance Agreement (this “Agreement”) is entered into as of May 15, 2007, by and between SILICON VALLEY BANK, a California-chartered bank, with its principal place of business at 3003 Tasman Drive, Santa Clara, California 95054 and with a loan production office located at 535 Fifth Avenue, 27th Floor, New York, New York 10017 (“Bank”) and AXS-ONE INC., a Delaware corporation with its chief executive office located at 301 Route 17 North, Rutherford, New Jersey 07070 (“Borrower”).
