AXS-ONE INC.
RESTRICTED STOCK AGREEMENT
2005 STOCK INCENTIVE PLAN

This Agreement (this ‘‘Agreement’’) is made as of December 14, 2006 (the ‘‘Date
of Grant’’), by and between AXS-One Inc., a Delaware corporation (the
‘‘Company’’), and                                  (the ‘‘Grantee’’).

1.    Grant of Restricted Stock.     Subject to and upon the terms, conditions,
and restrictions set forth in this Agreement and in the AXS-One Inc. 2005 Stock
Incentive Plan (the ‘‘Plan’’), the Company hereby grants to the Grantee
                 shares of Common Stock of the Company. These shares are
referred to in this Agreement as ‘‘Restricted Shares’’ during the applicable
Restriction Period (as defined in paragraph 4(c) hereof). Acceptance of the
Restricted Shares shall be deemed to be agreement by the Grantee to the terms
and conditions set forth in this Agreement and the Plan. Certificates
representing the Restricted Shares may not be sold or otherwise transferred and
must be held by the Grantee until the end of the applicable Restriction Period.
Until such terms and conditions have lapsed with respect to any Restricted
Shares, the certificate for such shares will, at the Company’s option, remain in
the physical possession of the Company or bear a legend to the effect that they
were issued or transferred subject to, and may be sold or otherwise disposed of
only in accordance with, the terms of this Agreement and the Plan.

2.    Stockholder Status.     Effective upon the Date of Grant, the Grantee will
be a holder of record of the Restricted Shares and will have all rights of a
stockholder with respect to such shares (including the right to vote such shares
at any meeting of stockholders of the Company and the right to receive all
dividends paid with respect to such shares), subject only to the terms and
conditions imposed by this Agreement and the Plan.

3.    Effect of Changes in Capitalization.    The number of Restricted Shares is
subject to adjustment as provided in Section 4.2 of the Plan. Any additional or
different shares or securities issued as the result of such an adjustment will
be held or delivered in accordance with this Agreement and will be deemed to be
included within the term ‘‘Restricted Shares’’.

4.    Lapse of Restrictions.

(a)    The restrictions set forth in paragraph 5 below will lapse to the extent
of 50% of the Restricted Shares on each of the first two anniversaries of the
Date of Grant.

(b)    Notwithstanding paragraph 4(a), the restrictions set forth in paragraph 5
below will lapse on all Restricted Shares at the close of business on the date
(i) on which a Change in Control of the Company (as defined in Section 11.2 of
the Plan) shall occur, (ii) of the Termination of Employment or Termination of
Consultancy of the Grantee by the Company other than for cause, (iii) on which
the Grantee is deemed to have a Disability (as such term is defined in the
Plan), or (iv) of the Grantee’s death.

(c)    As soon as practicable after the restrictions with respect to any
installment of Restricted Shares lapse at the end of the period applicable to
such installment set forth in paragraphs 4(a) and 4(b) above (the ‘‘Restriction
Period’’), the Company will deliver to the Grantee, or the Grantee’s legal
representative in case of the Grantee’s death, promptly after surrender of the
Grantee’s certificate(s) for the Restricted Shares to the Treasurer of the
Company, the certificate or certificates for such shares free of any legend or
further restrictions together with, if applicable, a new certificate
representing any remaining Restricted Shares. It shall be a condition to the
obligation of the Company to issue or transfer shares of Common Stock upon the
lapse of restrictions that the Grantee (or any person entitled to act under this
paragraph 4(c)) pay to the Company, upon its demand, such amount as may be
requested by the Company for the purpose of satisfying its liability to withhold
federal, state or local income or other taxes by reason of such issuance or
transfer. If the amount requested is not paid, the Company may refuse to issue
or transfer shares of Common Stock.

5.    Restrictions.    During the Restriction Period, neither the Restricted
Shares nor any right or privilege pertaining thereto may be sold, transferred,
assigned, pledged, hypothecated or otherwise

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disposed of or encumbered in any way, by operation of law or otherwise, and
shall not be subject to execution, attachment or similar process. Upon any
attempt to transfer, assign, pledge, hypothecate or otherwise dispose of or
encumber the Restricted Shares or any right or privilege pertaining thereto,
otherwise than by will or by the laws of descent and distribution, or upon the
levy of any execution, attachment or similar process thereupon, the Restricted
Shares and all rights and privileges given hereby shall immediately terminate
and the Restricted Shares shall be forfeited to the Company pursuant to
paragraph 6 hereof.

6.    Forfeiture.

(a)    All the Grantee’s rights to, and interest in, the Restricted Shares shall
terminate and be forfeited to the Company without payment of consideration if
either (i) the Termination of Employment or Termination of Consultancy of the
Grantee with the Company or any Affiliate occurs for any reason other than as
provided in Sections 4(b)(ii), (iii), or (iv) above; provided, however, that the
Grantee’s employment will not be deemed to have terminated for this purpose
while the Grantee is on a leave of absence which has been approved by the
Company or while the Grantee is serving as a consultant to the Company or any
Affiliate thereof under a post-employment consulting arrangement, or (ii) any
action prohibited by paragraph 5 hereof is taken. For purposes of this
Agreement, a transfer of employment from the Company to an Affiliate or from an
Affiliate to the Company or between Affiliates shall not be deemed a termination
of employment.

(b)    If Restricted Shares are forfeited for any of the reasons stated in
paragraph 6(a) hereof, such forfeiture shall be effective upon the occurrence of
the event giving rise to the forfeiture. The Grantee agrees to repay to the
Company all dividends, if any, paid after such event with respect to the
Restricted Shares which have been forfeited.

(c)    If at any time the Grantee forfeits any Restricted Shares pursuant to
this Agreement, the Grantee agrees to return the certificate or certificates for
such Restricted Shares to the Company duly endorsed in blank or accompanied by a
stock power duly executed in blank.

(d)    Determination as to whether an event has occurred resulting in the
forfeiture of, or lapse of restrictions on, Restricted Shares, in accordance
with this Agreement, shall be made by the Committee, and all determinations of
the Committee shall be final and conclusive.

7.    Company Right to Terminate Employment and Other Remedies.    Nothing
provided herein shall be construed to affect in any way the right or power of
the Company, subject to the provisions of any other written agreement between
the Grantee and the Company relating to the subject matter, to terminate the
Grantee’s employment as an employee of or a consultant to the Company at any
time for any reason with or without Cause, nor to preclude the Company from
taking any action or enforcing any remedy available to it with respect to any
action or conduct on the Grantee’s part.

8.    Additional Documents.

(a)    It is the intention of the Company that this award of Restricted Shares
shall meet the requirements of, and result in the application of, the rules
prescribed by Section 83 of the Code, as in effect at the date hereof, and
applicable regulations thereunder. Accordingly, each and every provision shall
be construed and interpreted in such manner as to conform with such intention
and the Company reserves the right to execute and to require the Grantee to
execute any further agreements or other instruments, which may be effective as
of the date of the award of the Restricted Shares covered by this Agreement,
including, but without limitation, any instrument modifying or correcting any
provision hereof, or any action taken hereunder or contemporaneously herewith,
and to take any other action, which may be effective as of the date of the award
of the Restricted Shares covered by this Agreement, that, in the opinion of
counsel for the Company, may be necessary or desirable to carry out such
intention.

(b)    If the Grantee fails, refuses or neglects to execute and deliver any
instrument or document or to take any action requested by the Company to be
executed or taken by the Grantee pursuant to the provisions of paragraph 8(a)
above for a period of 30 days after the date of such request, the Company may
require the Grantee, within ten 10 days after delivery to the Grantee of a
written demand by the Company, to forfeit all Restricted Shares then held by the
Grantee.

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9.    Amendments.    Any amendment to the Plan will be deemed to be an amendment
to this Agreement to the extent that the amendment is applicable hereto;
provided, however, that no amendment will impair the rights of the Grantee under
this Agreement without the Grantee’s consent.

10.    Severability.    In the event that one or more of the provisions of this
Agreement is invalidated for any reason by a court of competent jurisdiction,
any provision so invalidated will be deemed to be separable from the other
provisions hereof, and the remaining provisions hereof will continue to be valid
and fully enforceable.

11.    Relation to Plan.    This Agreement is subject to the terms and
conditions of the Plan. In the event of any inconsistency between the provisions
of this Agreement and the Plan, the Plan as interpreted and construed by the
Committee will govern. Capitalized terms used herein without definition will
have the meaning assigned to them in the Plan and control. The Committee acting
pursuant to the Plan, as constituted from time to time, will, except as
expressly provided otherwise herein, have the right to determine any questions
which arise in connection with this Agreement and the Restricted Shares.

12.    Successors and Assigns.     Without limiting Section 4 hereof, the
provisions of this Agreement will inure to the benefit of, and be binding upon,
the successors, administrators, heirs, legal representatives and permitted
assigns of the Grantee, and the successors and assigns of the Company.

13.    Governing Law.    The interpretation, performance and enforcement of this
Agreement will be governed by the laws of the State of Delaware, without giving
effect to the principles of conflict of laws thereof. Each party to this
Agreement hereby consents and submits himself, herself or itself to the
jurisdiction of the courts of the State of Delaware for the purposes of any
legal action or proceeding arising out of this Agreement.

14.    Notices.    Any notice to the Company provided for herein will be in
writing to the Company and any notice to the Grantee will be addressed to the
Grantee at his or her address on file with the Company. Except as otherwise
provided herein, any written notice will be deemed to be duly given if and when
delivered personally or sent by courier service, registered mail or electronic
means of communication, and addressed as aforesaid. Any party may change the
address to which notices are to be given hereunder by notice to the other party
as herein specified (provided that for this purpose any mailed notice will be
deemed given on the third business day following deposit of the same in the
mail).

[Signature page follows.]

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IN WITNESS WHEREOF, the Company has caused this Agreement to be executed on its
behalf by its duly authorized officer and Grantee has also executed this
Agreement in duplicate, as of the day and year first above written.

[spacer.gif] AXS-ONE INC.

[spacer.gif] By:   ______________________________
Name
Title

The undersigned Grantee hereby acknowledges receipt of an executed original of
this Restricted Stock Agreement and accepts the Restricted Shares granted
hereunder, subject to the terms and conditions of the Plan and the terms and
conditions set forth herein.

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