Exhibit10.73

FIRST LOAN MODIFICATION AGREEMENT

This FirstLoan Modification Agreement (this ‘‘Loan ModificationAgreement’’) is entered into as of March  14,2006, by and between SILICON VALLEY BANK, a California-charteredbank, with its principal place of business at 3003 Tasman Drive,Santa Clara, California 95054 and with a loan production office locatedat 400 Madison Avenue, New York, New York 10017(‘‘Bank’’) and AXS-ONE INC., a Delawarecorporation with its chief executive office located at 301 Route 17North, Rutherford, New Jersey 07070(‘‘Borrower’’).

1.    DESCRIPTION OF EXISTING INDEBTEDNESS ANDOBLIGATIONS.    Among other indebtedness and obligations whichmay be owing by Borrower to Bank, Borrower is indebted to Bank pursuantto a loan arrangement dated as of September  13,  2005,evidenced by, among other documents, a certain Amended and RestatedLoan and Security Agreement dated as of September  13,2005, between Borrower and Bank (as amended, the ‘‘LoanAgreement’’). Capitalized terms used but not otherwisedefined herein shall have the same meaning as in the LoanAgreement.

2.    DESCRIPTION OFCOLLATERAL.    Repayment of the Obligations is secured by theCollateral as described in the Loan Agreement (together with any othercollateral security granted to Bank, the ‘‘SecurityDocuments’’).

Hereinafter, the SecurityDocuments, together with all other documents evidencing or securing theObligations shall be referred to as the ‘‘Existing LoanDocuments’’.

3.     DESCRIPTION OFCHANGE IN TERMS.

|  |          |                                  |
|--|----------|----------------------------------|
|  | A.  | Modifications to Loan Agreement. |

|  |         |                                                                                                                            |
|--|---------|----------------------------------------------------------------------------------------------------------------------------|
|  | 1  | The Loan Agreement shall be amendedby deleting the following, appearing as Section 4 of the Schedule tothe Loan Agreement: |

|  |                              |               |
|--|------------------------------|---------------|
|  | ‘‘Section4  | MATURITY DATE |

|  |                     |                                |
|--|---------------------|--------------------------------|
|  | (Section6.1):  | August  9, 2006.’’ |

and inserting in lieu thereof the following:

|  |                              |               |
|--|------------------------------|---------------|
|  | ‘‘Section4  | MATURITY DATE |

|  |                     |                                   |
|--|---------------------|-----------------------------------|
|  | (Section6.1):  | February  15, 2007.’’ |

|  |         |                                                                                                                                 |
|--|---------|---------------------------------------------------------------------------------------------------------------------------------|
|  | 2  | The Loan Agreement shall be amendedby deleting the following text, appearing in Section 6 of the Scheduleto the Loan Agreement: |

‘‘    (h)    Board-approved financialprojections with respect to Borrower’s 2006 fiscal year on orprior to January  15, 2006.’’

andinserting in lieu thereof the following:

‘‘    (h)    Board-approved financialprojections within fifteen (15) days of the last day ofBorrower’s fiscal year.’’

|  |          |                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|--|----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | B.  | Waiver.    Bank herebywaives Borrower’s existing defaults under the Loan Agreement byvirtue of Borrower’s failure to comply with the financialcovenant set forth in Section 5 of the Schedule to the Loan Agreement(relative to EBITDAS) as of the quarter ending December31,  2005. Bank’s waiver of Borrower’s compliance ofsaid affirmative covenant shall apply only to the foregoing specificperiod. |

4.    FEES.    Borrower shall payto Bank a modification fee equal to Twenty Thousand Dollars($20,000.00) which fee shall be due on the date hereof and shall bedeemed fully earned as of the date hereof. Borrower shall alsoreimburse Bank for all legal fees and expenses incurred in connectionwith this amendment to the Existing Loan Documents.

5.    WARRANT WAIVER FEE.    Borrower shallpay to Bank a warrant waiver fee $20,000.00, which shall be earned asof the date of this Loan Modification Agreement and payable as follows:(a) $10,000.00 

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is payable concurrently herewith, and (b)$10,000.00 shall be payable on the earlier to occur of (i) theTransition Event, (ii) the occurrence of an Event of Default, or (iii)the early termination of the Loan Agreement.

6.    RATIFICATION OF PERFECTIONCERTIFICATE.    Borrower hereby ratifies, confirms andreaffirms, all and singular, the terms and disclosures contained in acertain Perfection Certificate dated as of August  11,2004 between Borrower and Bank, and acknowledges, confirms and agreesthe disclosures and information above Borrower provided to Bank in thePerfection Certificate has not changed, as of the date hereof.

7.    CONSISTENT CHANGES.    The Existing LoanDocuments are hereby amended wherever necessary to reflect the changesdescribed above.

8.    RATIFICATION OF LOANDOCUMENTS.    Borrower hereby ratifies, confirms, and reaffirmsall terms and conditions of all security or other collateral granted tothe Bank, and confirms that the indebtedness secured thereby includes,without limitation, the Obligations.

9.    NODEFENSES OF BORROWER.    Borrower hereby acknowledges andagrees that Borrower has no offsets, defenses, claims, or counterclaimsagainst Bank with respect to the Obligations, or otherwise, and that ifBorrower now has, or ever did have, any offsets, defenses, claims, orcounterclaims against Bank, whether known or unknown, at law or inequity, all of them are hereby expressly WAIVED and Borrower herebyRELEASES Bank from any liability thereunder.

10.    CONTINUING VALIDITY.    Borrowerunderstands and agrees that in modifying the existing Obligations, Bankis relying upon Borrower’s representations, warranties, andagreements, as set forth in the Existing Loan Documents. Except asexpressly modified pursuant to this Loan Modification Agreement, theterms of the Existing Loan Documents remain unchanged and in full forceand effect. Bank’s agreement to modifications to the existingObligations pursuant to this Loan Modification Agreement in no wayshall obligate Bank to make any future modifications to theObligations. Nothing in this Loan Modification Agreement shallconstitute a satisfaction of the Obligations. It is the intention ofBank and Borrower to retain as liable parties all makers of ExistingLoan Documents, unless the party is expressly released by Bank inwriting. No maker will be released by virtue of this Loan ModificationAgreement.

11.    COUNTERSIGNATURE.    This LoanModification Agreement shall become effective only when it shall havebeen executed by Borrower and Bank.

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This Loan Modification Agreementis executed as of the date first written above.

|              |  |                        |  |        |  |                     |  |  |  |  |  |  |  |  |
|--------------|--|------------------------|--|--------|--|---------------------|--|--|--|--|--|--|--|--|
| BORROWER:    |  | BANK:                  |
| AXS-ONE INC. |  | SILICON VALLEYBANK     |
| By:          |  | /s/ Joseph Dwyer       |  | By:    |  | /s/ MelissaStepanis |
| Name:        |  | Joseph Dwyer           |  | Name:  |  | Melissa Stepanis    |
| Title:       |  | Chief FinancialOfficer |  | Title: |  | VicePresident       |
|              |

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