0001104659-01-503245 Sample Contracts

LOAN AND SECURITY AGREEMENT by and between SILICON VALLEY BANK Santa Clara, CA 95054 Attn: Loan Services and CLICK2LEARN, INC. Bellevue, WA 98004 TOTAL CREDIT AMOUNT: $5,000,000
Loan and Security Agreement • November 14th, 2001 • Click2learn Com Inc • Services-computer programming services

This LOAN AND SECURITY AGREEMENT (this “Agreement”) dated as of September 4, 2001, between SILICON VALLEY BANK ("Bank") and CLICK2LEARN, INC. ("Borrower"), provides the terms on which Bank will lend to Borrower and Borrower will repay Bank. The parties agree as follows:

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EMPLOYMENT AGREEMENT
Employment Agreement • November 14th, 2001 • Click2learn Com Inc • Services-computer programming services • Washington

This Employment Agreement (the “Agreement”) is entered into as of October 1, 2001 (the “Effective Date”) between Click2learn, Inc., a Delaware corporation with its principal offices located at 110-110th Avenue N.E., Bellevue, Washington 98004-5840, (the “Company”) and Dennis Worsley (“Employee”).

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