FIRST Amendment to Loan and security agreementLoan and Security Agreement • November 19th, 2012 • InsPro Technologies Corp • Services-prepackaged software
THIS 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”).
