Loan Agreement (Asset
Based) or release any party or collateral; or impair, fail to realize upon or
perfect Lender's security Interest in the collateral; and take any other action
deemed necessary by Lender without the consent of or notice to anyone. All such
parties also agree that Lender may modify this loan without the consent of or
notice to anyone other than the party with whom the modification is made. The
obligations under this Note are joint and several.
PRIOR TO SIGNING THIS NOTE, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF
THIS NOTE, INCLUDING THE VARIABLE INTEREST RATE PROVISIONS. BORROWER AGREES TO
THE TERMS OF THE NOTE.
BORROWER ACKNOWLEDGES RECEIPT OF A COMPLETED COPY OF THIS PROMISSORY NOTE.
BORROWER:
NIKU CORPORATION
By:
Joshua Pickus, Chief Financial Officer of Niku Corporation
QuickLinks
Exhibit 10.25
BUSINESS LOAN AGREEMENT (ASSET BASED)
EXHIBIT "A" TO BUSINESS LOAN AGREEMENT
PROMISSORY NOTE - Asset Based Loan Agreement