Exhibit 10.1

TWELFTH AMENDMENT TO LOAN AND SECURITY AGREEMENT

DATED OCTOBER 22, 2001

This Twelfth Amendment to Loan and Security Agreement (the “Twelfth Amendment”)
is made as of this 17th day of August, 2007 by and between SeaChange
International, Inc., a Delaware corporation with its principal place of business
at 50 Nagog Park, Acton, Massachusetts 01720 (the “Borrower”) and Citizens Bank
of Massachusetts, a bank with offices at 28 State Street, Boston, Massachusetts
(the “Lender”) in consideration of the mutual covenants contained herein and the
benefits to be derived herefrom. Unless otherwise specified, all capitalized
terms shall have the same meaning herein as set forth in the Agreement (as
defined below).

W I T N E S S E T H:

WHEREAS, on October 22, 2001, the Borrower and the Lender entered into a loan
arrangement (the “Loan Arrangement”) as evidenced by, amongst other documents
and instruments, a certain Loan and Security Agreement as amended from time to
time (as may be further amended from time to time, the “Agreement”) by and
between the Borrower and the Lender pursuant to which the Lender agreed to
provide certain financial accommodations to or for the benefit of the Borrower;
and

WHEREAS, the Borrower has requested that the Lender amend certain terms and
conditions of the Agreement all as set forth herein, and

WHEREAS, the Lender has agreed to so amend the Agreement provided the Borrower
and the Lender entered into this Twelfth Amendment; and

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto agree as follows:

 

  1. Sections 14(c) and 14(f) of the Agreement are hereby deleted in their
entirety.

 

  2. Section 14(d) of the Agreement is hereby amended by deleting “2.0x” in
subsection (iii) and replacing it with “1.75x”.

 

  3. Section 14(e) of the Agreement is hereby amended by deleting the EBITDA
requirements contained therein and replacing them with the following:

“(e)(Minimum EBITDA) Permit EBITDA to be equal to or less than the amounts for
the periods listed below:

 

  (i) quarter ending July 31, 2007 - $1,250,000.00

 

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  (ii) combined for the two quarters ending July 31, 2007 and October 31, 2007 -
$3,500,000.00

 

  (iii) combined for the three quarters ending July 31, 2007, October 31, 2007
and January 31, 2008 -$5,000,000.00

 

  (iv) thereafter $6,500,000.00 for each rolling four quarter thereafter, tested
quarterly.”

 

  4. The definition of EBITDA after Section 14(o) of the Agreement is hereby
amended by adding back to the definition of EBITDA through July 31, 2008, up to
Fifteen Million ($15,000,000.00) Dollars of a one time, non-recurring
restructuring charges.

 

  5. Section 19(a) of the Agreement is hereby amended by deleting “August 31,
2007” and replacing it with “October 31, 2008”.

 

  6. The Borrower hereby agrees that the liabilities, obligations and indemnity
of the Borrower under the Agreement shall be secured by any and all collateral
now or hereafter granted to the Lender by the Borrower.

 

  7. The Borrower and each guarantor signing below hereby acknowledge and agree
that the Borrower has no offsets, defenses or counterclaims against the Lender
with respect to the Loan Arrangement or otherwise, and to the extent that the
Borrower or guarantor has any such offsets, defenses or counterclaims against
the Lender, then the Borrower and each guarantor hereby affirmatively WAIVES and
RENOUNCES any such offsets, defenses or counterclaims.

 

  8. This Twelfth Amendment and all other documents executed in connection
herewith incorporate all discussions and negotiations between the Borrower and
the Lender either expressed or implied, concerning the matters contained herein
and in such other instruments, any statute, custom or use to the contrary
notwithstanding. No such discussions or negotiations shall limit, modify or
otherwise effect the provisions hereof. The modification amendment, or waiver of
any provision of this Twelfth Amendment, the Agreement or any provision under
any other agreement or document entered into between the Borrower and the Lender
shall not be effective unless executed in writing by the party to be charged
with such modification, amendment or waiver, and if such party be the Lender,
then by a duly authorized officer thereof.

 

  9. Except as specifically modified herein, the Agreement shall remain in full
force and effect as originally written, and the Borrower hereby ratifies and
confirms all terms and conditions contained in the Agreement.

 

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  10. This Twelfth Amendment shall be construed in accordance with and governed
by the laws of the Commonwealth of Massachusetts and shall take effect as a
sealed instrument.

IN WITNESS WHEREOF, the parties hereof have set their hands and seals as of the
date first written above.

 

SEACHANGE INTERNATIONAL, INC. By:   /s/ Kevin Bisson Name:   Kevin Bisson Title:
  Senior V.P. & CFO CITIZENS BANK OF MASSACHUSETTS By:   /s/ William M. Clossey
Name:   William M. Clossey Title:   Vice President

 

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The undersigned guarantor hereby consents to the foregoing Twelfth Amendment and
acknowledge that its guaranty remains in full force and effect and that the
guarantor remains obligated thereunder.

 

SEACHANGE HOLDINGS INC. By:   /s/ Kevin Bisson Name:   Kevin Bisson Title:  
Senior V.P. & CFO

 

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