Document:

Exhibit 10.12

                                    AGREEMENT

     This Agreement dated January   , 2005 to be effective as of January 1, 2005
                                  --
("Agreement")  is by and between David M. Loev, Attorney at Law, ("Attorney") an
individual  and  XA,  Inc.,  a  Nevada  corporation  ("XA").

                              W I T N E S S E T H:
                              --------------------

     WHEREAS,  XA  desires  for  Attorney to serve as its General Counsel and be
responsible  for  corporate/securities  matters  for  XA;

     WHEREAS,  Attorney  desires  to  serve  as  General  Counsel  for XA and be
responsible  for  corporate/securities  matters;

     NOW,  THEREFORE, in consideration of the premises and the mutual covenants,
agreements,  and  considerations  herein  contained, the parties hereto agree as
follows:

1.   Corporate/Securities  Work.
     ---------------------------
     The  "Corporate/Securities  Work,"  to  be completed by Attorney under this
     Agreement  shall  encumber  the preparation and/or review of Schedule 13Ds,
     Form  3s, Form 4s, Schedule 13Gs, Schedule 14As, Schedule 14Cs, Form 10-Qs,
     Form  10-Ks  and  Form  8-Ks  filed  with  the  SEC.  It  will  include the
     preparation of any registration statements, responding to any comments from
     the  SEC,  negotiating various agreements, reviewing press releases and all
     corporate/securities  matters  that  Attorney  has  knowledge and expertise
     with.  "Corporate/Securities  Work," shall include all normal corporate and
     securities  work  performed  by  a  general  counsel of a company. Blue Sky
     matters  will  not  fall  within  Corporate/Securities  Work.

2.   Payment  For  Corporate/Securities  Work.
     ----------------------------------------
     In  consideration  for  Corporate/Securities Work completed by Attorney, XA
     agrees  to  pay  Attorney  $8,250  per month, reimburse Attorney for out of
     pocket  expenses,  and  issue 65,000 shares of S-8 registered common stock,
     which XA agrees to register with the SEC within 30 days of the date of this
     agreement.  The  services  provided  by  Attorney  in consideration for the
     shares  will  not  be  rendered  in  connection  with  the offer or sale of
     securities  in  a  capital-raising  transaction,  and  will not directly or
     indirectly  promote  or  maintain  a  market  for  XA's  securities.

3.   Term  of  Agreement.
     --------------------
     This  Agreement  shall  be  in  effect  until  December  31,  2005.

<PAGE>

4.   Miscellaneous
     -------------

     (a)     Assignment.  All  of  the  terms, provisions and conditions of this
             ----------
Agreement  shall  be  binding  upon  and  shall  inure  to the benefit of and be
enforceable  by the parties hereto and their respective successors and permitted
assigns.

     (b)     Applicable  Law.  This  Agreement  shall  be  construed  in
             ---------------
accordance  with  and  governed by the laws of the State of Texas, excluding any
provision  which  would  require  the use of the laws of any other jurisdiction.

     (c)     Entire  Agreement,  Amendments  and  Waivers.  This  Agreement
             --------------------------------------------
constitutes  the entire agreement of the parties hereto and expressly supersedes
all prior and contemporaneous understandings and commitments, whether written or
oral,  with respect to the subject matter hereof.  No variations, modifications,
changes  or  extensions  of  this  Agreement  or any other terms hereof shall be
binding  upon  any  party hereto unless set forth in a document duly executed by
such  party  or  an  authorized  agent  or  such  party.

     (d)     Indemnification.  XA hereby undertakes and agrees to indemnify
             ---------------
Attorney  and  save  it  harmless  from and against any claims, actions or suits
which  may  be made or instituted against Attorney, and from and against any and
all  damages  or  losses  suffered  by Attorney by reason of or arising from the
breach of any obligation of XA under this Agreement, or any incorrectness in, or
breach  of,  any  covenant,  representation  or  warranty  made  by  XA  in this
Agreement,  including,  but  not limited to reasons relating to XA's disclosures
and  accuracy  of information in the public markets.  XA agrees to run all press
releases  by  Attorney.

     (e)     Faxed  Copies.  For  purposes  of  this  Agreement,  a  faxed
             -------------
signature  shall  constitute  an  original  signature.

<PAGE>

IN  WITNESS  WHEREOF,  the parties hereto have executed this Agreement as of the
day  and  year  first  written  above.

                         DAVID  M.  LOEV,  ATTORNEY  AT  LAW
                         /s/ David M. Loev
                         -----------------------------------

     XA,  INC.

     BY: /s/ Joseph Wagner
         -----------------------

     ITS:  President
          ----------------------

     PRINTED  NAME: Joseph Wagner
                    ---------------------

<PAGE>SECOND LOAN MODIFICATION AGREEMENT

FIRST LOAN MODIFICATION AGREEMENT 

This First Loan Modification Agreement (this "Loan Modification Agreement") is entered into as of February 24, 2005, 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 One Newton Executive Park, Suite 200, 2221 Washington Street, Newton, Massachusetts 02462, doing business under the name "Silicon Valley East" ("Bank") and CHYRON CORPORATION, a New York corporation with offices at 5 Hub Drive, Melville, New York 11747 ("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 April 29, 2004, evidenced by, among other documents, a certain Loan and Security Agreement dated as of April 29, 2004 between Borrower and Bank, as amended (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 and a certain Intellectual Property Security Agreement dated April 29, 2004 (the "IP 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.

Modification to Loan Agreement. 
A. Section 2 of the Schedule to the Loan Agreement is hereby amended by deleting the following text appearing therein: 

"A rate equal to the "Prime Rate" in effect from time to time, plus 2.00% per annum."

and substituting the following text therefor:

"A rate equal to the "Prime Rate" in effect from time to time, plus 1.50% per annum."

B. Section 4 of the Schedule to the Loan Agreement is hereby amended by deleting same in its entirety and substituting the following therefor:

"(section 6.1): April 14, 2006."
C. Section 5a.(i) of the Schedule to the Loan Agreement is hereby amended by deleting the text "(i) $2,000,000, from the date of this Agreement until the Maturity Date;" appearing therein and substituting the following text therefor:
"(i) (a) $2,000,000, as of the last day of each January, February, April, May, July, August,     October and November during the term of this Agreement; and

  (b) $3,000,000, as of the last day of each March, June, September and December during     the term of this Agreement;"

D. Section 7(3) of the Schedule to the Loan Agreement is hereby amended by adding the following text at the end of the Section:

"Notwithstanding the terms and conditions of the subordination terms set forth in the Borrower's Series C 7% Convertible Subordinated Debentures due December 31, 2005, the Borrower shall be permitted to make regularly scheduled principal and interest payments on account thereof in an aggregate amount not to exceed $2,700,000 on or after December 31, 2005 provided that (i) at the time of making any such payment, the Borrower has no outstanding Obligations to Silicon, and (ii) there is no then existing Default under this Agreement and no Default will exist after giving effect to any such payment."

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. RATIFICATION OF INTELLECTUAL PROPERTY SECURITY AGREEMENT. Borrower hereby ratifies, confirms, and reaffirms, all and singular, the terms and conditions of the IP Agreement and acknowledges, confirms and agrees that the IP Agreement contains an accurate and complete listing of all Intellectual Property, with the exception of an application for a trademark filing by Borrower in connection with the product name "HyperX", as disclosed to the Bank.

6. RATIFICATION OF PERFECTION CERTIFICATE. Borrower hereby ratifies, confirms, and reaffirms, all and singular, the terms and disclosures contained in a certain Perfection Certificate delivered to the Bank on or about April 29, 2004, and acknowledges, confirms and agrees the disclosures and information provided therein has not changed, as of the date hereof, with the exception of the Borrower's release of the following new software:

 New version of Lyric - version 5.03 for Borrower's LEX and HyperX in SD Hardware products; 

 New version of Lyric - 5.1 for Borrower's HyperX in HD hardware product;

 New software - Camio 1.8;

 New version of GVG plug-in;

 New version of Clyps HD software;

 New software - ChyTV;

 New version of CodiStrator; and 

 New version of Lyric - version 5.04 for Analog PCI Codi, Microscribe and DigiScribe hardware products.
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 the Bank with respect to the Obligations, and that if Borrower now has, or ever did have, any offsets, defenses, claims, or counterclaims against the Bank, whether known or unknown, at law or in equity with respect to the Obligations, all of them are hereby expressly WAIVED and Borrower hereby RELEASES the 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.

[The remainder of this page is intentionally left blank]

This Loan Modification Agreement is executed as a sealed instrument under the laws of the Commonwealth of Massachusetts as of the date first written above.

	
BORROWER:

	
 
	
 

	
CHYRON CORPORATION

	
 
	
 

	
By:
	
/s/ Gerald J. Kieliszak

	
Name:
	
Gerald J. Kieliszak

	
Title:
	
S.V.P. & C.F.O

	
 
	
 

	
 
	
 

	
BANK:

	
 
	
 

	
SILICON VALLEY BANK, d/b/a

	
 
	
 

	
SILICON VALLEY EAST

	
 
	
 

	
By:
	
/s/ Naomi B. Herman

	
Name:
	
Naomi B. Herman

	
Title:
	
VP

	
 
	
 

875405.2

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