FIRST Amendment to Loan and security agreementLoan and Security Agreement • November 19th, 2012 • InsPro Technologies Corp • Services-prepackaged software
Contract Type FiledNovember 19th, 2012 Company IndustryTHIS fIRST AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is entered into this 13th day of November, 2012, by and among (a) SILICON VALLEY BANK, a California corporation with a loan production office located at5 Radnor Corporate Center, 100 Matsonford Road, Suite 555, Radnor, Pennsylvania 19087 (“Bank”) and (b) (i) INSPRO TECHNOLOGIES CORPORATION, a Delaware corporation whose address is 150 N. Radnor-Chester Road, Suite B-101, Radnor, Pennsylvania 19087 (“Corp.”), (ii) INSPRO TECHNOLOGIES, LLC, a Delaware limited liability company whose address is 1510 Chester Pike, Baldwin Tower, Suite 400, Eddystone, Pennsylvania 19022 (“LLC”), and (iii) ATIAM TECHNOLOGIES L.P., a Delaware limited partnership whose address is 1510 Chester Pike, Baldwin Tower, Suite 400, Eddystone, Pennsylvania 19022 (“L.P.”) (Corp, LLC and L.P. are individually and collectively, jointly and severally, “Borrower”).