Document:

EX-10.7

Exhibit 10.7

AXS-ONE INC.

Waiver and Termination of Participation Rights;

Joinder to New Participation Rights

1. Background. The undersigned, being holders (the “Holders”) of Series A Secured
Convertible Promissory Notes, Series B Secured Convertible Promissory Notes and/or Series C
Convertible Promissory Notes and Common Stock Purchase Warrants (the “Securities”) of AXS-One,
Inc., a Delaware corporation (the “Company”), have certain rights of participation (“Participation
Rights”) pursuant to Section 4.7 of the Convertible Note and Warrant Purchase Agreement, dated as
of November 13, 2007 (the “November Agreement”), among the Company and the Holders, pursuant to
which each Holder has a right to purchase its respective pro rata share (based on the ratio that
the aggregate amount of Securities purchased by it pursuant to the Convertible Note and Warrant
Purchase Agreement, dated as of May 29, 2007 (the “May Agreement”) and/or the November Agreement
bears to the aggregate amount of Securities purchased by all such Holders pursuant to the May
Agreement and/or the November Agreement) of an aggregate of thirty percent (30%) of the securities
being offered by the Company in any future equity financing (including debt with an equity
component) (a “Future Offering”) during the period beginning on the Closing Date (as defined in the
November Agreement) and ending two (2) years after the date of the November Agreement.

2. Waiver and Termination of Participation Rights. The Company now desires to conduct a
new round of equity financing, in which it will offer for sale and issue its Series D 6% Secured
Convertible Promissory Notes and Common Stock Purchase Warrants (the “New Securities”), pursuant to
a Convertible Note and Warrant Purchase Agreement dated as of July 24, 2008, among the Company and
each party set forth therein as a purchaser (the “New Agreement”). The Holders hereby acknowledge
that they have received and reviewed the New Agreement, and do hereby (i) waive their Participation
Rights held pursuant to Section 4.7 of the November Agreement and (ii) agree that upon execution of
the New Agreement by the parties thereto that all of their Participation Rights held pursuant to
the November Agreement will terminate and be of no further force and effect.

3. Joinder to New Participation Rights. Each Holder hereby agrees, pursuant to Section 4.7
of the New Agreement to join, become party to and be bound by Section 4.7 of the New Agreement
regarding Rights of Participation and the Miscellaneous provisions of Article VI of the New
Agreement, effective upon execution of the New Agreement by the parties thereto.

4. Execution in Counterparts. This agreement may be executed in two or more counterparts,
each of which shall be deemed an original but which together shall constitute one and the same
instrument. The executed signature pages hereto may be delivered by facsimile or other means of
electronic image transmission, such a copy of any signature page hereto shall have the same force
an effect as an original thereof.

[signature page follows]

 

 

IN WITNESS WHEREOF, the undersigned have executed this Waiver and Termination of Participation
Rights and Joinder to New Participation Rights as of this 24th day of July, 2008.

	 	 	 	 	 
	 	BlueLine Capital Partners, LP

 	 
	 	By:  	/s/ Timothy P. Bacci
 	 
	 	Name:  	Timothy P. Bacci 	 
	 	Title:  	Managing Partner 	 
	 
	 	BlueLine Capital Partners II, LP

 	 
	 	By:  	/s/ Timothy P. Bacci
 	 
	 	Name:  	Timothy P. Bacci 	 
	 	Title:  	Managing Partner 	 
	 
	 	Jurika Family Trust U/A 3/17/1989

 	 
	 	By:  	/s/ William K. Jurika
 	 
	 	Name:  	William K. Jurika 	 
	 	Title:  	Trustee 	 
	 
	 	Aston Assets, S.A.

 	 
	 	By:  	/s/ Alejandro Gonzalez
 	 
	 	Name:  	Alejandro Gonzalez 	 
	 	Title:  	Legal Representative (Power of Attorney) 	 
	 
	 	BlueLine Capital Partners III, LP

 	 
	 	By:  	/s/ Timothy P. Bacci
 	 
	 	Name:  	Timothy P. Bacci 	 
	 	Title:  	Managing Partner 	 

 

 

	 	 	 	 	 
	 	 	 
	 	                                      /s/ Daniel H. Burch
 	 
	 	Daniel H. Burch 	 
	 	 	 
	 	                                   /s/ Harold D. Copperman
 	 
	 	Harold D. Copperman 	 
	 
	 	                                      /s/ Robert J. Migliorino
 	 
	 	Robert J. Migliorino 	 

	 	 	 	 	 
	 	Sirius Trust

 	 
	 	By:  	/s/ P. DeSalis             /s/ D. Moran
 	 
	 	 	Name:  	P. DeSalis     D. Moran 	 
	 	 	Title:  	Primafides (Suisse) SA as Trustees of Sirius Trust
DirectorsEX-10.8

	 	 	 	 	 

Exhibit 10.8

SECOND INVESTOR RIGHTS AGREEMENT AMENDMENT

     This Second Investor Rights Agreement Amendment, dated as of July 24, 2008 (this “Second
Amendment”), amends the Investor Rights Agreement, dated as of November 16, 2007 (as amended
pursuant to the First Amendment (as defined below), the “Agreement”), by and among AXS-One
Inc., a Delaware corporation (the “Company”), and the purchasers listed on Schedule
1 attached thereto (the “Purchasers”). Terms not otherwise defined herein which are
defined in the Agreement shall have the same respective meanings herein as therein.

     WHEREAS, the Agreement was previously amended pursuant to an Investor Rights Agreement
Amendment dated January 12, 2008, by and among the Company and certain Purchasers (the “First
Amendment”);

     WHEREAS, Section 7(f) of the Agreement provides that the provisions of the Agreement may be
amended by a writing signed by the Company and the holders of at least a majority of the
Registrable Securities (as defined in the Agreement); and

     WHEREAS, the Company and the undersigned Purchasers, constituting holders of at least a
majority of the Registrable Securities have agreed to further modify certain provisions of the
Agreement as specifically set forth in this Second Amendment.

     NOW, THEREFORE, in consideration of the mutual agreements contained herein and for other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto agree as follows:

     1. Amendment to the Agreement. The Agreement is hereby amended by deleting the
definition of “Filing Date” in the Agreement in its entirety and replacing it with the following:

     “ “Filing Date” means May 29, 2009 with respect to the Initial Registration
Statement and, with respect to any additional Registration Statements which may be required
pursuant to Section 3(b), the earliest practical date on which the Company is permitted by
SEC Guidance to file such additional Registration Statement related to the Registrable
Securities.”

     2. Ratification. Except as expressly amended hereby, all terms and conditions of the
Agreement, as amended, are hereby ratified and confirmed in all respects and shall continue in full
force and effect. All references to the Agreement shall hereafter refer to such Agreement, as
amended hereby.

     3. Counterparts. This Second Amendment may be executed in two or more counterparts,
each of which shall be deemed an original but which together shall constitute one and the same
instrument. The executed signature pages hereto may be delivered by facsimile or other means of
electronic image transmission, such a copy of any signature page hereto shall have the same force
and effect as an original thereof.

     4. Governing Law. This Second Amendment shall be governed by, and construed in
accordance with, the laws of the State of New York (without reference to conflict of laws).

[Signature page follows]

 

 

     IN WITNESS WHEREOF, the parties hereto have executed this Second Amendment as a document under
seal as of the date first above written.

	 	 	 	 	 
	 	Company:

AXS-ONE INC.

 	 
	 	By:  	/s/ Joseph P. Dwyer
 	 
	 	 	Name:  	Joseph P. Dwyer 	 
	 	 	Title:  	CFO 	 
	 
	 	Purchasers:

ASTON ASSETS, S.A.

 	 
	 	By:  	/s/ Alejandro Gonzalez
 	 
	 	 	Name:  	Alejandro Gonzalez 	 
	 	 	Title:  	Legal Representative (Power of Attorney) 	 
	 
	 	BLUELINE CAPITAL PARTNERS, LP

 	 
	 	By:  	/s/ Timothy P. Bacci
 	 
	 	 	Name:  	Timothy P. Bacci 	 
	 	 	Title:  	Managing Partner 	 
	 
	 	BLUELINE CAPITAL PARTNERS II, LP

 	 
	 	By:  	/s/ Timothy P. Bacci
 	 
	 	 	Name:  	Timothy P. Bacci 	 
	 	 	Title:  	Managing Partner 	 
	 
	 	BLUELINE CAPITAL PARTNERS III, LP

 	 
	 	By:  	/s/ Timothy P. Bacci
 	 
	 	 	Name:  	Timothy P. Bacci 	 
	 	 	Title:  	Managing Partner 	 
	 
	 	JURIKA FAMILY TRUST U/A 3/17/1989

 	 
	 	By:  	/s/ William K. Jurika
 	 
	 	 	Name:  	William K. Jurika 	 
	 	 	Title:  	Trustee 	 
	 

2

 

	 	 	 	 	 
	 	SIRIUS TRUST

 	 
	 	By:  	/s/ P. DeSalis      /s/ D. Moran
 	 
	 	 	Name:  	P. DeSalis     D. Moran 	 
	 	 	Title:  	Primafides (Suisse) SA as Trustees of
Sirius Trust, Directors 	 
	 
	 	     /s/ Daniel H. Burch
 	 
	 	DANIEL H. BURCH 	 
	 	 	 
	 	                                           /s/ Harold D. Copperman
 	 
	 	HAROLD D. COPPERMAN 	 
	 	 	 
	 	     /s/ Robert J. Migliorino
 	 
	 	ROBERT J. MIGLIORINO 	 
	 	 	 

3EX-10.9

	 	 	 	 	 

Exhibit 10.9

INVESTOR RIGHTS AGREEMENT WAIVER

AND MODIFICATION

     This Investor Rights Agreement Waiver and Modification, dated as of July 24, 2008 (this
“Modification”), amends the Investor Rights Agreement, dated as of May 29, 2007 (the
“Agreement”), by and among AXS-One Inc., a Delaware corporation (the “Company”),
and the purchasers listed on Schedule 1 attached thereto (the “Purchasers”). Terms
not otherwise defined herein which are defined in the Agreement shall have the same respective
meanings herein as therein.

     WHEREAS, the Registration Statement on Form S-3 originally filed pursuant to the Agreement
(the “Original Registration”) is no longer effective;

     WHEREAS, Section 7(f) of the Agreement provides that the provisions of the Agreement may be
amended and that departures, modifications and waivers may be given, by a writing signed by the
Company and the holders of at least a majority of the Registrable Securities (as defined in the
Agreement); and

     WHEREAS, the Company and the undersigned Purchasers, constituting holders of at least a
majority of the Registrable Securities have agreed to modifications, departures and waivers with
respect to certain provisions of the Agreement as specifically set forth in this Modification.

     NOW, THEREFORE, in consideration of the mutual agreements contained herein and for other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto agree as follows:

     1. Waiver. Except as set forth in Section 2 below, the Purchasers hereby waive the
past, present and future requirements under the Agreement , that the Company (a) keep the Original
Registration continuously effective under the Securities Act during the Effectiveness Period and
(b) until after the New Filing Date (as defined below), file such amendments, supplements or
additional Registration Statements as may be necessary to keep the Registration Statement effective
as to all Registrable Securities during the Effectiveness Period, in each case including, without
limitation, pursuant to Sections 2 and 3(b) of the Agreement.

     2. Compliance Modification and Departure. The Company and the Purchasers hereby agree
that the Company will file a new Registration Statement (the “New Registration Statement”)
on or prior to May 29, 2009 (the “New Filing Date”) and shall use its reasonable best
efforts to cause such Registration Statement to be declared effective no later than the 60th
calendar day following the Filing Date (or, in the event of a “review” by the Commission, the
90th calendar day following the Filing Date). The Effectiveness Period under the Agreement shall
be tolled until the effective date of the New Registration Statement.

 

 

     3. Ratification. Except as expressly waived and modified hereby, all terms and
conditions of the Agreement, as amended, are hereby ratified and confirmed in all respects and
shall continue in full force and effect. All references to the Agreement shall hereafter refer to
such Agreement, as modified hereby.

     4. Counterparts. This Modification may be executed in two or more counterparts, each
of which shall be deemed an original but which together shall constitute one and the same
instrument. The executed signature pages hereto may be delivered by facsimile or other means of
electronic image transmission, such a copy of any signature page hereto shall have the same force
an effect as an original thereof.

     5. Governing Law. This Modification shall be governed by, and construed in accordance
with, the laws of the State of New York (without reference to conflict of laws).

[Signature page follows]

 

 

     IN WITNESS WHEREOF, the parties hereto have executed this Modification as a document under
seal as of the date first above written.

	 	 	 	 	 
	 	Company:

AXS-ONE INC.

 	 
	 	By:  	/s/ Joseph P. Dwyer
 	 
	 	 	Name:  	Joseph P. Dwyer 	 
	 	 	Title:  	CFO 	 
	 
	 	Purchasers:

BLUELINE CAPITAL PARTNERS, LP

 	 
	 	By:  	/s/ Timothy P. Bacci
 	 
	 	 	Name:  	Timothy P. Bacci 	 
	 	 	Title:  	Managing Partner 	 
	 
	 	BLUELINE CAPITAL PARTNERS II, LP

 	 
	 	By:  	/s/ Timothy P. Bacci
 	 
	 	 	Name:  	Timothy P. Bacci 	 
	 	 	Title:  	Managing Partner 	 
	 
	 	JURIKA FAMILY TRUST U/A 3/17/1989

 	 
	 	By:  	/s/ William K. Jurika
 	 
	 	 	Name:  	William K. Jurika 	 
	 	 	Title:  	Trustee

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