0001140361-11-036776 Sample Contracts

DISBURSEMENT REQUEST AND AUTHORIZATION
Disbursement Request and Authorization • July 14th, 2011 • Qad Inc • Services-prepackaged software

This Disbursement Request and Authorization is hereby delivered to RABOBANK, N.A. (hereinafter referred to as “Lender”) by the undersigned (hereinafter referred to as “Borrower”), in reference to the following:

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CREDIT AGREEMENT (REVOLVING LINE OF CREDIT)
Credit Agreement • July 14th, 2011 • Qad Inc • Services-prepackaged software • California

This agreement is dated as of July 8, 2011. It is between QAD INC., a Delaware corporation (“Borrower”), and RABOBANK, N.A., a national banking association (“Lender”).

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