Exhibit
10.73

FIRST LOAN MODIFICATION AGREEMENT

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

1.    DESCRIPTION OF EXISTING INDEBTEDNESS AND
OBLIGATIONS.    Among other indebtedness and obligations which
may be owing by Borrower to Bank, Borrower is indebted to Bank pursuant
to a loan arrangement dated as of September  13,  2005,
evidenced by, among other documents, a certain Amended and Restated
Loan and Security Agreement dated as of September  13,
2005, between Borrower and Bank (as amended, the ‘‘Loan
Agreement’’). Capitalized terms used but not otherwise
defined herein shall have the same meaning as in the Loan
Agreement.

2.    DESCRIPTION OF
COLLATERAL.    Repayment of the Obligations is secured by the
Collateral as described in the Loan Agreement (together with any other
collateral security granted to Bank, the ‘‘Security
Documents’’).

Hereinafter, the Security
Documents, together with all other documents evidencing or securing the
Obligations shall be referred to as the ‘‘Existing Loan
Documents’’.

3.     DESCRIPTION OF
CHANGE IN TERMS.

			
		A. 	Modifications to Loan Agreement.


			
		1 	The Loan Agreement shall be amended
by deleting the following, appearing as Section 4 of the Schedule to
the Loan Agreement:


			
		‘‘Section
4 	MATURITY DATE


			
		(Section
6.1): 	August  9, 2006.’’


and inserting in lieu thereof the following:

			
		‘‘Section
4 	MATURITY DATE


			
		(Section
6.1): 	February  15, 2007.’’


			
		2 	The Loan Agreement shall be amended
by deleting the following text, appearing in Section 6 of the Schedule
to the Loan Agreement:


‘‘    (h)    Board-approved financial
projections with respect to Borrower’s 2006 fiscal year on or
prior to January  15, 2006.’’

and
inserting in lieu thereof the following:

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

			
		B. 	Waiver.    Bank hereby
waives Borrower’s existing defaults under the Loan Agreement by
virtue of Borrower’s failure to comply with the financial
covenant set forth in Section 5 of the Schedule to the Loan Agreement
(relative to EBITDAS) as of the quarter ending December
31,  2005. Bank’s waiver of Borrower’s compliance of
said affirmative covenant shall apply only to the foregoing specific
period.


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

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









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

6.    RATIFICATION OF PERFECTION
CERTIFICATE.    Borrower hereby ratifies, confirms and
reaffirms, all and singular, the terms and disclosures contained in a
certain Perfection Certificate dated as of August  11,
2004 between Borrower and Bank, and acknowledges, confirms and agrees
the disclosures and information above Borrower provided to Bank in the
Perfection Certificate has not changed, as of the date hereof.

7.    CONSISTENT CHANGES.    The Existing Loan
Documents are hereby amended wherever necessary to reflect the changes
described above.

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

9.    NO
DEFENSES OF BORROWER.    Borrower hereby acknowledges and
agrees that Borrower has no offsets, defenses, claims, or counterclaims
against Bank with respect to the Obligations, or otherwise, and that if
Borrower now has, or ever did have, any offsets, defenses, claims, or
counterclaims against Bank, whether known or unknown, at law or in
equity, all of them are hereby expressly WAIVED and Borrower hereby
RELEASES Bank from any liability thereunder.

10.    CONTINUING VALIDITY.    Borrower
understands and agrees that in modifying the existing Obligations, Bank
is relying upon Borrower’s representations, warranties, and
agreements, as set forth in the Existing Loan Documents. Except as
expressly modified pursuant to this Loan Modification Agreement, the
terms of the Existing Loan Documents remain unchanged and in full force
and effect. Bank’s agreement to modifications to the existing
Obligations pursuant to this Loan Modification Agreement in no way
shall obligate Bank to make any future modifications to the
Obligations. Nothing in this Loan Modification Agreement shall
constitute a satisfaction of the Obligations. It is the intention of
Bank and Borrower to retain as liable parties all makers of Existing
Loan Documents, unless the party is expressly released by Bank in
writing. No maker will be released by virtue of this Loan Modification
Agreement.

11.    COUNTERSIGNATURE.    This Loan
Modification Agreement shall become effective only when it shall have
been executed by Borrower and Bank.


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





															
	BORROWER:		BANK:
	AXS-ONE INC.		SILICON VALLEY
BANK
	By:		/s/ Joseph Dwyer		By:		/s/ Melissa
Stepanis
	Name:		Joseph Dwyer		Name:		Melissa Stepanis
	Title:		Chief Financial
Officer		Title:		Vice
President