Document:

EX-10.10
                               PROMISSORY NOTE

                               PROMISSORY NOTE

Principal amount $7,000.00                               Date: May 7, 2004

     FOR VALUE RECEIVED, RMD Technologies, Inc. hereby promise to
pay to the order of Patrick A. Galliher the sum of Seven Thousand
Dollars, together with interest thereon at the rate of 1% per month on
the unpaid balance. Said sum shall be paid upon demand.

     This note shall at the option of any holder thereof be
immediately due and payable upon the occurrence of any of the
following:  1) Breach of any condition of any security interest,
mortgage, loan agreement, pledge agreement or guarantee granted as
collateral security for this note. 2) Breach of any condition of any
loan agreement, security agreement or mortgage, if any, having a
priority over any loan agreement, security agreement or mortgage on
collateral granted, in whole or in part, as collateral security for
this note. 3) Upon the death, incapacity, dissolution or liquidation
of any of the undersigned, or any endorser, guarantor to surety
hereto. 4) Upon the filing by any of the undersigned of an assignment
for the benefit of creditors, bankruptcy or other form of insolvency,
or by suffering an involuntary petition in bankruptcy or receivership
not vacated within thirty (30) days.

     In the event this note shall be in default and placed for
collection, then the undersigned agree to pay all reasonable attorney
fees and costs of collection. All payments hereunder shall be made to
such address as may from time to time be designated by any holder.

     The undersigned and all other parties to this note, whether as
endorsers, guarantors or sureties, agree to remain fully bound until
this note shall be fully paid and waive demand, presentment and
protest and all notices hereto and further agree to remain bound,
notwithstanding any extension, modification, waiver, or other
indulgence or discharge or release of any obligor hereunder or
exchange, substitution, or release of any collateral granted as
security for this note. No modification or indulgence by any holder
hereof shall be binding unless in writing; and any indulgence on any
one occasion shall not be an indulgence for any other or future
occasion. Any modification or change in terms, hereunder granted by
any holder hereof, shall be valid and binding upon each of the
undersigned, notwithstanding the acknowledgement of any of the
undersigned, and each of the undersigned does hereby irrevocably grant
to each of the others a power of attorney to enter into any such
modification on their behalf. The rights of any holder hereof shall be
cumulative and not necessarily successive. This note shall take effect
as a sealed instrument and shall be construed, governed and enforced
in accordance with the laws of the State of California.

RMD Technologies, Inc.

By: /s/  Pat Galliher
Pat Galliher, PresidentEX-10.11
                               PROMISSORY NOTE

                               PROMISSORY NOTE

Principal amount $4,000.00                           Date: June 17, 2004

     FOR VALUE RECEIVED, RMD Technologies, Inc. hereby promise to
pay to the order of Patrick A. Galliher the sum of Four Thousand
Dollars, together with interest thereon at the rate of 1% per month on
the unpaid balance. Said sum shall be paid upon demand.

     This note shall at the option of any holder thereof be
immediately due and payable upon the occurrence of any of the
following:  1) Breach of any condition of any security interest,
mortgage, loan agreement, pledge agreement or guarantee granted as
collateral security for this note. 2) Breach of any condition of any
loan agreement, security agreement or mortgage, if any, having a
priority over any loan agreement, security agreement or mortgage on
collateral granted, in whole or in part, as collateral security for
this note. 3) Upon the death, incapacity, dissolution or liquidation
of any of the undersigned, or any endorser, guarantor to surety
hereto. 4) Upon the filing by any of the undersigned of an assignment
for the benefit of creditors, bankruptcy or other form of insolvency,
or by suffering an involuntary petition in bankruptcy or receivership
not vacated within thirty (30) days.

     In the event this note shall be in default and placed for
collection, then the undersigned agree to pay all reasonable attorney
fees and costs of collection. All payments hereunder shall be made to
such address as may from time to time be designated by any holder.

     The undersigned and all other parties to this note, whether as
endorsers, guarantors or sureties, agree to remain fully bound until
this note shall be fully paid and waive demand, presentment and
protest and all notices hereto and further agree to remain bound,
notwithstanding any extension, modification, waiver, or other
indulgence or discharge or release of any obligor hereunder or
exchange, substitution, or release of any collateral granted as
security for this note. No modification or indulgence by any holder
hereof shall be binding unless in writing; and any indulgence on any
one occasion shall not be an indulgence for any other or future
occasion. Any modification or change in terms, hereunder granted by
any holder hereof, shall be valid and binding upon each of the
undersigned, notwithstanding the acknowledgement of any of the
undersigned, and each of the undersigned does hereby irrevocably grant
to each of the others a power of attorney to enter into any such
modification on their behalf. The rights of any holder hereof shall be
cumulative and not necessarily successive. This note shall take effect
as a sealed instrument and shall be construed, governed and enforced
in accordance with the laws of the State of California.

RMD Technologies, Inc.

By: /s/  Pat Galliher
Pat Galliher, PresidentExhibit 10.56

 

Silicon
Valley Bank

 

Amendment
to Loan Agreement

 

	
  Borrower:

  	
  BroadVision, Inc.

  
	
   

  	
   

  
	
  Dated:

  	
  June 28,
  2005

  

 

THIS AMENDMENT TO LOAN AGREEMENT (this “Amendment”)
is
entered into between SILICON VALLEY BANK (“Bank”) and the borrower named above
(referred to herein as the “Borrower”).

 

Reference
is made to that certain Amended and Restated Loan and Security Agreement dated
as of March 31, 2002 between Bank and Borrower, as amended or otherwise
modified from time to time (referred to herein as the “Loan Agreement”).  (Capitalized terms used but not defined in
this Amendment, shall have the meanings set forth in the Loan Agreement.)

 

Effective
as of the date hereof, unless otherwise indicated below to the contrary, the
parties hereto hereby agree as follows:

 

1.             Limited Waiver. 
Borrower has failed to satisfy the minimum cash covenant as set forth in
Section 6.7(A) of the Loan Agreement from April 1, 2005 through
and including the date hereof together with violations thereof for isolated
days prior to April 1, 2005; and Borrower has further failed to satisfy
the revenue financial covenant set forth in Section 6.7(B) for the
period ending March 31, 2005 (collectively referred to as the “Existing
Violations”). Borrower has requested that Bank waive the Events of Default
arising from the Existing Violations. 
Bank is agreeable to the requests of the Borrower, subject to the terms
and conditions hereof, and therefore Bank hereby waives the Events of Default
arising from the Existing Violations.  It
is understood by the parties hereto, however, that such waiver does not
constitute a waiver or suspension of any other provision or term of the Loan
Agreement or any related document, nor an agreement to waive or suspend
compliance, in the future, with any financial covenant or any other provision
or term of the Loan Agreement or any related document.

 

2.             Termination of Equipment Advance Availability.  The Amendment to Loan Agreement dated June 28,
2005 by and between Bank and Borrower contained an extension of the Committed
Equipment Line credit facility then having a Commitment Termination Date of February 25,
2006.  The parties hereto hereby agree
that no further Equipment Advances shall be made under the Committed Equipment
Line and accordingly the Commitment Termination Date shall be deemed modified
to be the date hereof.  All outstanding
Equipment Advances shall continue to be repaid in accordance with the terms and
provisions of the Loan Agreement.

 

3.             Modified Section 2.1.1; Elimination of Sublimits.  Effective as of July 1, 2005 and
thereafter, Section 2.1.1 of the Loan Agreement is hereby amended in its
entirety to read as follows:

 

 

“2.1.1 Revolving Credit
Facility.

 

(a)           Bank will
make advances (individually referred to herein as a “Revolving Advance and collectively
referred to as the “Revolving Advances”) not exceeding at any time outstanding
the lesser of (A) the Committed Revolving Line or (B) the Borrowing
Base (such lesser amount as determined from time to time being referred to as
the “Formula Amount”), with it being understood that all Revolving Advances
made prior to July 1, 2005 and remaining outstanding as of such date shall
be subject to the Formula Amount limitation as of July 1, 2005.  Amounts borrowed under this Section 2.1.1
may be repaid and reborrowed during the term of this Agreement.  Further, as of any date, if the amount of
Revolving Advances outstanding exceeds the Formula Amount, then Borrower shall
immediately repay any excess to Bank.

 

(b)           Prior to the
making of a Revolving Advance hereunder, (i) Borrower shall provide at
least thirty days’ written notice to Bank; (ii) Bank shall conduct a
Collateral audit having results acceptable to Bank; and (iii) Borrower
shall provide a completed borrowing base certificate and accounts receivable and
accounts payable agings, in form and substance acceptable to Bank.  Further, to obtain any Revolving Advance,
Borrower must notify Bank by facsimile or telephone by 12:00 p.m. Pacific
time on the Business Day such Advance is to be made.  Borrower must promptly confirm the
notification by delivering to Bank the Payment/Advance Form attached as Exhibit B.  Bank will credit Revolving Advances to
Borrower’s deposit account on the Business Day a Revolving Advance is
made.  Bank may make Revolving Advances
under this Agreement based on instructions from a Responsible Officer or his or
her designee or without instructions if the Advances are necessary to meet
Obligations which have become due.  Bank
may rely on any telephone notice given by a person whom Bank believes is a
Responsible Officer or designee. Borrower will indemnify Bank for any loss Bank
suffers due to such reliance.

 

(c)           The
Committed Revolving Line terminates on the Revolving Maturity Date, when all
Revolving Advances, and all accrued and unpaid interest thereon, are
immediately due and payable.

 

(d)           Bank’s
obligation to lend the undisbursed portion of the Committed Revolving Line or
any other credit available hereunder to Borrower will terminate if, in the Bank’s
sole discretion, there has been a Material Adverse Change or there has occurred
any material adverse deviation from the most recent business plan of Borrower
presented to and accepted by Bank prior to the execution of the Amendment to
Loan Agreement dated June 28, 2005.”

 

Further,
it is hereby agreed that Sections 2.1.2, 2.1.3 and 2.1.4 of the Loan Agreement
are hereby deemed of no further force or effect and that no credit
accommodations under such Sections shall be extended.

 

4.             Modified Section 2.3(a). Section 2.3(a) of
the Loan Agreement is hereby amended to read as follows:

 

“2.3(a)   Prior to July 1, 2005, Revolving
Advances shall accrue interest on the aggregate principal balance thereof from
time to time outstanding at a per annum rate
equal to the Prime Rate, provided that if the Revolving Advances are
outstanding for more than one Business Day, the applicable interest shall be
equal to a per annum rate equal to the Prime Rate
plus ten percentage points (10%).  On and
after July 1, 2005, Revolving Advances shall accrue interest on the
aggregate principal balance thereof from time to time outstanding at a per annum rate equal to the Prime Rate plus one

 

2

 

percentage
point (1.00%), provided that if the Revolving Advances are outstanding
for more than one Business Day, the applicable interest shall be equal to a per annum rate equal to the Prime Rate plus ten percentage
points (10%).  Term Loan #2 shall accrue
interest on the aggregate principal balance thereof from time to time outstanding
at a per annum rate equal to the Prime Rate
plus one and one-quarter percentage points (1.25%).  The interest rate applicable to Equipment
Advances is set forth in Section 2.3.2(b) hereof.  After an Event of Default, Obligations shall
accrue interest at a rate equal to three percentage points (3.00%) above the
respective rates effective for such Obligations immediately before such Event
of Default.  The interest rate shall
increase or decrease when the Prime Rate changes.  Interest is computed on a 360-day year
for the actual number of days elapsed. ”

 

5.             Modified Section 5.2. 
Effective as of July 1, 2005, Section 5.2 of the Loan
Agreement is hereby amended to add the following as an additional sentence at
the end of such section:

 

“Borrower
has no notice of any actual or imminent Insolvency Proceeding of any account
debtor whose accounts are an Eligible Account in any Borrowing Base
Certificate.”

 

6.             Modified Section 6.2(c).  Effective as of July 1, 2005, Section 6.2(c) of
the Loan Agreement is hereby amended to read as follows:

 

“(c) 
Bank shall have the right to audit the Collateral at Borrower’s expense prior
to the making of a Revolving Advance on and after July 1, 2005 (and with
such audit with results acceptable to Bank being a condition to the making of
any such Revolving Advance); and Bank shall have the right to conduct further
audits of the Collateral at Borrower’s expense at such intervals as Bank in its
good faith business judgment determines.”

 

7.             New Subsection 6.2(d). 
Effective as of July 1, 2005, a new Subsection 6.2(d) of
the Loan Agreement is hereby added to following immediately after Subsection 6.2(c) and
shall read as follows:

 

“(d)         At such
times as Revolving Advances are outstanding, within 30 days after the last day
of each month, Borrower will deliver to Bank a borrowing base certificate
signed by a Responsible Officer and in form acceptable to Bank together with
aged listings of accounts receivable and accounts payable.  Further, prior to the making of a Revolving
Advance when no such Advances are then outstanding, Borrower shall deliver to
Bank the a borrowing base certificate as referenced above together with aged
listings of accounts receivable and accounts payable in sufficient time, but
not less than thirty days prior to the proposed Revolving Advance, in order for
the Bank to process the Revolving Advance request as Bank shall reasonably
determine.”

 

8.             Revised Financial Covenants.  Section 6.7 of the Loan Agreement is
hereby amended to read as follows:

 

“6.7         Borrower, on
a consolidated basis, will maintain the following financial covenants:

 

(A) Borrower,
at all times, will maintain at or through Bank unrestricted cash or cash
equivalents in a minimum aggregate amount of $5,000,000, exclusive of any loan
proceeds made by Bank to Borrower.

 

3

 

(B) 
Borrower will, on a quarterly basis, earn revenues of at least $15,000,000.”

 

9.             Modified Definition.  The
following defined term is hereby amended to read as follows:

 

“
‘Committed Revolving Line’ shall mean the following through and
including June 30, 2005:  (A) Twenty
Million Dollars ($20,000,000) provided that Borrower maintains at all
times at Bank at least Ten Million Dollars ($10,000,000) in unrestricted cash
or cash equivalents, exclusive of any loan proceeds from Bank and (B) Fifteen
Million Dollars ($15,000,000) provided that Borrower maintains at all
times at Bank at least Five Million Dollars ($5,000,000) in unrestricted cash
or cash equivalents, exclusive of any loan proceeds from Bank.  Beginning July 1, 2005 and thereafter, ‘Committed
Revolving Line’ shall mean Twenty Million Dollars ($20,000,000)”.

 

10.          New Definitions.  Effective as
of July 1, 2005, the following defined terms are hereby added to the Loan
Agreement in Section 13.1 thereof, shall be inserted therein in their
appropriate alphabetical order and shall read as follows:

 

“ ‘Borrowing
Base’ is (i) 80% of Eligible Accounts as determined by Bank
from Borrower’s most recent borrowing base certificate; provided, however,
that Bank may lower the percentage of the borrowing base after performing an
audit of Borrower’s Collateral.

 

‘Eligible
Accounts’ are Accounts in the ordinary course of Borrower’s business
that meet all Borrower’s representations and warranties in Section 5.2
hereof (and subject to the exclusions noted below); but Bank may change
eligibility standards from time to time. 
Unless Bank agrees otherwise in writing, Eligible Accounts will not
include:

 

(a)  Accounts that
the account debtor has not paid within 90 days of invoice date;

 

(b)  Accounts for an
account debtor, 50% or more of whose Accounts have not been paid within 90 days
of invoice date;

 

(c)  Credit balances
over 90 days from invoice date;

 

(d)  Accounts for an
account debtor, including Affiliates, whose total obligations to Borrower
exceed 25% of all Accounts, for the amounts that exceed that percentage, unless
the Bank approves in writing;

 

(e)  Accounts for
which the account debtor does not have its principal place of business in the
United States;

 

(f)  Accounts for
which the account debtor is a federal, state or local government entity or any
department, agency, or instrumentality (unless there has been compliance, to
Bank’s satisfaction, with the United States Assignment of Claims Act);

 

(g)  Accounts for
which Borrower owes the account debtor, but only up to the amount owed
(sometimes called “contra” accounts, accounts payable, customer deposits or
credit accounts), with the foregoing also including Accounts subject to
potential offsets (up to the amount thereof) arising from deferred revenue;

 

4

 

.(h) 
Accounts for demonstration or promotional equipment, or in which goods are
consigned, sales guaranteed, sale or return, sale on approval, bill and hold,
or other terms if account debtor’s payment may be conditional;

 

(i)  Accounts for
which the account debtor is Borrower’s Affiliate, officer, employee, or agent,
provided that entities that are third party sales representative organizations
are not considered Affiliates solely by virtue of such sales representative
capacity and business relationship;

 

(j)  Accounts in which the account debtor disputes
liability or makes any claim and Bank believes there may be a basis for dispute
(but only up to the disputed or claimed amount), or if the Account Debtor is
subject to an Insolvency Proceeding, or becomes insolvent, or goes out of
business; and

 

(k)  Accounts for which Bank reasonably determines collection to be
doubtful. ”

 

11.          Fees and Expenses.  Borrower shall pay to Bank a loan fee in the
amount of $10,000 concurrently herewith, which shall be in addition to interest
and to all other amounts payable under the Loan Agreement, and which shall be
non-refundable.  Further, Borrower shall
pay to Bank all Bank Expenses incurred in connection herewith, all as more
fully set forth in the Loan Agreement, including, without limitation, all legal
fees and expenses incurred in connection herewith.

 

12.          Representations True.  Borrower represents and warrants to Bank that
all representations and warranties in the Loan Agreement, as modified hereby,
are true and correct.

 

13.          General Provisions.  This
Amendment, the Loan Agreement, any prior written amendments and modifications
to the Loan Agreement signed by Bank and the Borrower, and the other written
documents and agreements between Bank and the Borrower set forth in full all of
the representations and agreements of the parties with respect to the subject
matter hereof and supersede all prior discussions, representations, agreements
and understandings between the parties with respect to the subject hereof.  Except as herein expressly modified, all of
the terms and provisions of the Loan Agreement, and all other documents and agreements
between Bank and the Borrower shall continue in full force and effect and the
same are hereby ratified and confirmed. 
This Amendment may be executed in any number of counterparts, which when
taken together shall constitute one and the same agreement.

 

IN
WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date
first written above.

 

	
   

  	
  Borrower:

  	
  Silicon:

  
	
   

  	
   

  	
   

  
	
   

  	
  BROADVISION, INC.

  	
  SILICON VALLEY BANK

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
    /s/ William E.
  Meyer

  	
   

  	
  By

  	
    /s/ Nick Tsiagkas

  	
   

  
	
   

  	
  Title

  	
  Chief Financial Officer

  	
   

  	
  Title

  	
   Relationship Manager

  	
   

  
											

 

5

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