0001193125-06-172566 Sample Contracts

SILICON VALLEY BANK LOAN AND SECURITY AGREEMENT
Loan and Security Agreement • August 14th, 2006 • Axesstel Inc • Communications equipment, nec • Nevada

This LOAN AND SECURITY AGREEMENT (this “Agreement”) dated as of August 7, 2006, between SILICON VALLEY BANK, a California chartered bank, with its principal place of business at 3003 Tasman Drive, Santa Clara, California 95054 (FAX ) (“Bank”) and AXESSTEL, INC., a Nevada corporation, with offices at 6815 Flanders Drive, Suite 210, San Diego, CA 92121 (FAX 858-625-2110) (Borrower”), provides the terms on which Bank shall lend to Borrower and Borrower shall repay Bank. The parties agree as follows:

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Silicon Valley Bank Santa Clara, Ca. 95054 SECOND AMENDED AND RESTATED ACCOUNTS RECEIVABLE PURCHASE AGREEMENT
Accounts Receivable Purchase Agreement • August 14th, 2006 • Axesstel Inc • Communications equipment, nec • California

This Second Amended and Restated Accounts Receivable Purchase Agreement (the “Agreement”) is made as of the Effective Date by and between Silicon Valley Bank (“Buyer”) having a place of business at the address specified above and Axesstel, Inc., a Nevada corporation (“Seller”) having its principal place of business and chief executive office at 6815 Flanders Drive, Suite 210, San Diego, California 92121 and with a FAX number of 858-625-2110.

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