Exhibit 10.18 SECURED PROMISSORY NOTE -----------------------Secured Promissory Note • February 14th, 2001 • Brio Technology Inc • Services-prepackaged software
FOR VALUE RECEIVED, the undersigned, Yorgen H. Edholm and Katherine Glassey Edholm (together, the "Borrowers") promise to pay to Brio Technology, a Delaware corporation ("Lender"), or order, at the principal office of Lender, or at such other place as Lender may from time to time designate in writing, the sum of One Million Five Hundred Thousand Dollars ($1,500,000.00), plus accrued but unpaid interest thereon. Except as provided below in the case of a default in payment, the principal amount of this Note shall bear interest at a rate of 6.10% per annum. Principal and accrued interest hereunder shall be due and payable on demand on the tenth day following the release of earnings of the Lender for the December quarter provided that such time is during an open trading window for directors and officers of the Lender under the Lender's Insider Trading Policy in which the Borrowers can sell shares of Lender's Common Stock. Otherwise, the principal and accrued interest shall be due and payab
