Document:

Amendment and Consent no.2

 Exhibit 10.48 
  
 AMENDMENT AND CONSENT NO. 2 TO CREDIT AGREEMENT 
  
 This Amendment and Consent No. 2 to Credit Agreement (this “Agreement”) dated as of March 12, 2004 is made
by and among INTERCEPT, INC., a Georgia corporation (the “Borrower”), BANK OF AMERICA, N.A., a national banking association organized and existing under the laws of the United States (“Bank of America”), in its
capacity as administrative agent for the Lenders (as defined in the Credit Agreement (as defined below)) (in such capacity, the “Administrative Agent”), each of the Lenders signatory hereto, and each of the Guarantors (as defined in
the Credit Agreement) signatory hereto. 
  
 W I T N E S S E T
H: 
  
 WHEREAS, the Borrower, the Administrative
Agent and the Lenders have entered into that certain Credit Agreement dated as of September 19, 2003, as amended by Amendment No. 1 dated as of November 7, 2003 (as hereby further amended and as from time to time hereafter further amended, modified,
supplemented, restated, or amended and restated, the “Credit Agreement”; the capitalized terms used in this Agreement not otherwise defined herein shall have the respective meanings given thereto in the Credit Agreement), pursuant
to which the Lenders have made available to the Borrower a revolving credit facility, including a letter of credit facility and a swing line facility; and 
  
 WHEREAS, each of the Guarantors has entered into a Guaranty pursuant to which it has guaranteed certain or all of the obligations of the Borrower
under the Credit Agreement and the other Loan Documents; and 
  
 WHEREAS, the Borrower has requested that the Administrative Agent and the Lenders agree to amend certain additional terms of the Credit Agreement, which the Administrative Agent and the Lenders party hereto are willing to do on the
terms and conditions contained in this Agreement; and 
  
 WHEREAS, the Borrower has requested that the Administrative Agent and the Lenders consent to the increase in the face amount of a certain Investment and the extension of the maturity date of such Investment; and 
  
 WHEREAS, each of the Guarantors wishes to reaffirm its guarantee of
all the obligations of the Borrower, including but not limited to the increased amount of the revolving credit facility; 
  
 NOW, THEREFORE, in consideration of the premises and further valuable consideration, the receipt and sufficiency of which is hereby acknowledged,
the parties hereto agree as follows: 
  
 1. Amendments to
Credit Agreement. Subject to the terms and conditions set forth herein, the Credit Agreement is hereby amended as follows: 
  

 (a) The definition of “Amendment No. 2” is hereby added to Section 1.01 to read in its
entirety as follows: 
  
 “
‘Amendment No.2’ means that certain Amendment No. 2 to Credit Agreement dated as of March             , 2004 among the Borrower, the Guarantors, the Administrative Agent
and the Lenders party thereto.” 
  
 (b) The definition of
“Consolidated EBITDA” is hereby deleted from Section 1.01 in its entirety and replaced with the following: 
  
 “ ‘Consolidated EBITDA’ means for any period, for the Borrower and its Subsidiaries on a consolidated basis, an
amount equal to Consolidated Net Income for such period plus (a) the following to the extent deducted in calculating such Consolidated Net Income: (i) Consolidated Interest Charges for such period, (ii) the provision for federal, state, local and
foreign income taxes payable by the Borrower and its Subsidiaries for such period, (iii) the amount of depreciation and amortization expense, (iv) other non-recurring expenses of the Borrower and its Subsidiaries reducing such Consolidated Net
Income which do not represent a cash item in such period or any future period, and (v) all amounts, not to exceed $8,400,000 in the aggregate, accrued on or before March 1, 2004 by the Borrower for the full and final settlement of (and release from
any and all additional liability in connection with) that certain litigation described in parts (1) and (4) of Schedule 5.06, and minus (b) all non-cash items increasing Consolidated Net Income for such period, subject (in connection with the
calculation of the Consolidated Leverage Ratio only) to Acquisition Adjustments.” 
  
 (c) Section 7.11(a) is hereby deleted in its entirety and replaced with the following: 
  
 “(a) Consolidated Net Worth. Permit Consolidated Net Worth at any time to be less than the sum of (a) $168,363,000, (b) an amount equal to 75%
of the Consolidated Net Income earned in each full fiscal quarter ending after December 31, 2003 (with no deduction for a net loss in any such fiscal quarter) and (c) an amount equal to 100 % of the aggregate increases in Shareholders’ Equity
of the Borrower and its Subsidiaries after the date hereof by reason of the issuance and sale of capital stock or other equity interests of the Borrower or any Subsidiary (other than issuances to the Borrower or a wholly-owned Subsidiary), including
upon any conversion of debt securities of the Borrower into such capital stock or other equity interests. 
  
 2. Consent. By their execution hereof, each of the Required Lenders hereby consent to (i) the increase in the amount of not more than $500,000 in
the principal amount of that certain Investment consisting of a promissory note executed by Raymond Moyer for the benefit of InterCept Payments Solutions, Inc., dated as of May 24, 2002 (the “Moyer Note”; which note matured on December 31,
2002 and is and will remain in default until modified as permitted hereby) so that the principal amount of the Moyer Note, as increased to include as principal the full amount of unpaid principal and accrued and unpaid interest thereon as of the
date of its modification, shall be no greater than $3,000,000, and (ii) the extension of the maturity date of the Moyer Note, so that as extended, the maturity date of the Moyer Note shall be not later than three years from the date of such
modification; provided, however, that the consent provided herein is not applicable to any other Investment or modification to or amendment of the Moyer 
  

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 Note except as specifically provided herein. 
  
 3. Effectiveness; Conditions Precedent. The effectiveness of this Agreement and the amendments to the Credit
Agreement provided in Paragraph 1 and the consent provided in Paragraph 2 hereof are all subject to the satisfaction of each the following conditions precedent: 
  
 (a) The Administrative Agent shall have received each of the following documents or instruments in form and
substance reasonably acceptable to the Administrative Agent: 
  
 (i) four (4) original counterparts of this Agreement, duly executed by the Borrower, the Administrative Agent, each Guarantor and the Required Lenders, together with all schedules and exhibits thereto duly completed;

  
 (ii) such certificates of resolutions or
other action, incumbency certificates and/or other certificates of a Responsible Officer of each Loan Party as the Administrative Agent may require; and 
  
 (iii) such other documents, instruments, opinions, certifications, undertakings, further assurances and other matters as the
Administrative Agent shall reasonably request. 
  
 (b) All fees and expenses payable to the Administrative Agent and the Lenders (including the fees and expenses of counsel to the Administrative Agent) estimated to date shall have been paid in full (without prejudice to final settling of
accounts for such fees and expenses). 
  
 4. Covenant and
Consent. The Borrower covenants that it shall deliver, within [sixty (60) days] after the date hereof, a replacement stock certificate or certificates, including stock power or powers duly executed in blank, for ProImage, Inc., a Georgia
corporation, representing the Borrower’s sixty-seven percent (67%) interest in such Subsidiary. 
  
 The Borrower acknowledges that (i) the above item was required to be delivered pursuant to the Credit Agreement and the Post Closing Agreement, and (ii)
such item was not timely delivered. By their execution hereof, each Lender consents to the extension of time to deliver such item. The Borrower hereby acknowledges and agrees that the failure to provide the item set forth above within the time
provided thereof shall constitute a default hereunder and an additional Event of Default under the Credit Agreement for all purposes, and, without limiting the foregoing, all rights, powers, remedies and restrictions, including restrictions on
extensions of credit, under the Loan Documents resulting from an Event of Default shall be applicable. 
  
 5. Consent of the Guarantors. Each Guarantor hereby consents, acknowledges and agrees to the amendments and other matters set forth herein and
hereby confirms and ratifies in all respects the Guaranty to which such Guarantor is a party (including without limitation the continuation of such Guarantor’s payment and performance obligations thereunder upon and after the effectiveness of
this Agreement and the amendments, waivers and consents contemplated hereby) and the enforceability of such Guaranty against such Guarantor in accordance with its terms. 
  

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 6. Representations and Warranties. In order to induce the Administrative Agent and the Lenders to
enter into this Agreement, the Borrower represents and warrants to the Administrative Agent and the Lenders as follows: 
  
 (a) The representations and warranties made by the Borrower in Article V of the Credit Agreement and in each of the other Loan
Documents to which it is a party are true and correct in all material respects on and as of the date hereof, except to the extent that such representations and warranties expressly relate to an earlier date; 
  
 (b) Since September 19, 2003, no act, event, condition or
circumstance has occurred or arisen which, singly or in the aggregate with one or more other acts, events, occurrences or conditions (whenever occurring or arising), has had or could reasonably be expected to have a Material Adverse Effect except as
disclosed in Attachment A attached hereto; 
  
 (c) The Persons appearing as Guarantors on the signature pages to this Agreement constitute all Persons who are required to be Guarantors pursuant to the terms of the Credit Agreement and the other Loan Documents, including without
limitation all Persons who became Subsidiaries or were otherwise required to become Guarantors after the Closing Date, and each of such Persons has become and remains a party to a Guaranty as a Guarantor; 
  
 (d) This Agreement has been duly authorized, executed and
delivered by the Borrower and Guarantors party hereto and constitutes a legal, valid and binding obligation of such parties, except as may be limited by general principles of equity or by the effect of any applicable bankruptcy, insolvency,
reorganization, moratorium or similar law affecting creditors’ rights generally; and 
  
 (e) After giving effect to this Agreement, no Default or Event of Default has occurred and is continuing. 
  
 7. Counterparts. This Agreement may be executed in any number of
counterparts, each of which shall be deemed an original as against any party whose signature appears thereon, and all of which shall together constitute one and the same instrument. 
  
 8. Governing Law. This Agreement shall in all respects be governed by, and construed in accordance with, the laws of
the State of Georgia applicable to contracts executed and to be performed entirely within such State. 
  
 9. Enforceability. Should any one or more of the provisions of this Agreement be determined to be illegal or unenforceable as to one or more of the
parties hereto, all other provisions nevertheless shall remain effective and binding on the parties hereto. 
  
 10. References. All references in any of the Loan Documents to the “Credit Agreement” shall mean the Credit Agreement, as amended hereby.

  
 11. Successors and Assigns. This Agreement shall be
binding upon and inure to the 
  

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 benefit of the Borrower, the Administrative Agent and each of the Guarantors and Lenders, and their respective
successors, legal representatives, and assignees to the extent such assignees are permitted assignees as provided in Section 10.07 of the Credit Agreement. 
  
 [Signature pages follow.] 
  
  
  

 5 

 IN WITNESS WHEREOF, the parties hereto have caused this instrument to be made, executed and
delivered by their duly authorized officers as of the day and year first above written. 
  

			
	 BORROWER:
  
 INTERCEPT, INC.

		
	 By:
	 	 /s/    Scott R. Meyerhoff

	 Name:
	 	 Scott R. Meyerhoff

	 Title:
	 	 Chief Financial Officer, Senior Vice President
 and Secretary

  

 Amendment No. 1 
 Signature Page 1 

			
	 GUARANTORS:
  
 INTERCEPT COMMUNICATIONS
 TECHNOLOGIES,
INC.

		
	By:	 	  
 /s/    SCOTT R.
MEYERHOFF

	 	 	

	 Name:
	 	 Scott R. Meyerhoff

	 Title:
	 	 Chief Financial Officer and Secretary

	
	INTERCEPT DATA SERVICES, INC.
		
	By:	 	  
 /s/    SCOTT R.
MEYERHOFF

	 	 	

	 Name:
	 	 Scott R. Meyerhoff

	 Title:
	 	 Chief Financial Officer and Secretary

	
	DPSC ACQUISITION CORP.
		
	By:	 	  
 /s/    SCOTT R.
MEYERHOFF

	 	 	

	 Name:
	 	 Scott R. Meyerhoff

	 Title:
	 	 Chief Financial Officer, Secretary and
 Treasurer

	
	C-TEQ, INC.
		
	By:	 	  
 /s/    SCOTT R.
MEYERHOFF

	 	 	

	 Name:
	 	 Scott R. Meyerhoff

	 Title:
	 	 Chief Financial Officer and Secretary

	
	ICPT ACQUISITION I, LLC
		
	By:	 	  
 /s/    SCOTT R.
MEYERHOFF

	 	 	

	 Name:
	 	 Scott R. Meyerhoff

	 Title:
	 	 Chief Financial Officer, Senior Vice
 President and Secretary

  

					
	INTERCEPT SERVICES, LLC
		
	By:	 	/s/    Scott R. Meyerhoff
	 	 	

	 Name:
	 	Scott R. Meyerhoff
	 Title:
	 	Chief Financial Officer, Secretary and
Treasurer
	
	INTERCEPT PAYMENT SOLUTIONS, INC.
		
	By:	 	/s/    Scott R. Meyerhoff
	 	 	

	 Name:
	 	Scott R. Meyerhoff
	 Title:
	 	Chief Financial Officer, Secretary and
Treasurer
	
	INTERCEPT TX I, LLC
		
	By:	 	/s/    Scott R. Meyerhoff
	 	 	

	 Name:
	 	Scott R. Meyerhoff
	 Title:
	 	Chief Financial Officer, Secretary and
Treasurer
	
	INTERCEPT OUTPUT SOLUTIONS, LP
		
	By:	 	InterCept TX I, LLC, its general partner
	 	 	By:	 	 /s/    Scott R. Meyerhoff

	 	 	Name:	 	 Scott R. Meyerhoff

	 	 	Title:	 	 Chief Financial Officer, Secretary and
 Treasurer

	
	INTERCEPT SUPPLY, LP
		
	By:	 	InterCept TX I, LLC, its general partner
	 	 	By:	 	 /s/    Scott R. Meyerhoff

	 	 	Name:	 	 Scott R. Meyerhoff

	 	 	Title:	 	 Chief Financial Officer, Secretary and
 Treasurer

  

					
	 INTERNET BILLING COMPANY, LLC

		
	By:	 	 /s/    Scott R. Meyerhoff

	 Name:
	 	 	 	Scott R. Meyerhoff
	 	 	 	 	

	 Title:
	 	 	 	Chief Financial Officer, Secretary and Treasurer
	 	 	 	 	

  
  
  

			
	 ADMINISTRATIVE AGENT:

	
	 BANK OF AMERICA, N.A., as Administrative Agent

		
	By:	 	/s/    KRISTINE THENNES
	 	 	

	 Name:
	 	 Kristine Thennes

	 	 	

	 Title:
	 	 Vice President

	 	 	

  

			
	 LENDER:

	
	 BANK OF AMERICA, N.A., as a Lender, L/C Issuer and Swing Line
Lender

		
	By:	 	 /s/    BRIAN L. MARTIN

	 	 	

	 Name:
	 	 Brian L. Martin

	 	 	

	 Title:
	 	 Vice President

	 	 	

  

			
	THE BANKERS BANK
		
	By:	 	 
	 	 	

	 Name:
	 	 
	 	 	

	 Title:
	 	 
	 	 	

  

			
	 REGIONS BANK

		
	By:	 	 /s/    STEPHEN H. LEE

	 	 	

	 Name:
	 	 Stephen H. Lee

	 	 	

	 Title:
	 	 Senior Vice President

	 	 	

  

			
	 WASHINGTON MUTUAL BANK

		
	By:	 	 /s/    CHAD A. BROWN

	 	 	

	 Name:
	 	 Chad A. Brown

	 	 	

	 Title:
	 	 Assistant Vice President

	 	 	

  

			
	 FIRST TENNESSEE BANK NATIONAL ASSOCIATION

		
	By:	 	 /s/    GLEN P. EVANS

	 	 	

	 Name:
	 	 Glen P. Evans

	 	 	

	 Title:
	 	 Senior Vice PresidentLoan Modification Agreement

 EXHIBIT 10.32 
  
 LOAN MODIFICATION AGREEMENT 
  

This Loan Modification Agreement is entered into as of November 17, 2003, by and between IMANAGE, INC., a Delaware corporation (the
“Borrower”) and Silicon Valley Bank (“Bank”). Defined terms used but not otherwise defined herein shall have the meanings assigned in the Loan Agreement 
  
 1. DESCRIPTION OF EXISTING INDEBTEDNESS: Borrower is indebted to Bank pursuant to an Amended and Restated Loan and Security
Agreement, dated as of December 16, 2002, as may be amended from time to time (the “Loan Agreement”). The Loan Agreement provides for a Committed Revolving Line for Revolving Loans, Cash Management Services, Letters of Credit, and Exchange
Contracts; an Equipment Commitment for equipment acquisition Equipment Loans; and four Term Loans (with present approximate principal balances of $383,166, $260,608, $216,766 and $555,556 (hereinafter and hereafter in the Loan Agreement, “Term
Loans A, B, C and D”)). 
  
 Hereinafter, all indebtedness owing by Borrower
to Bank shall be referred to as the “Indebtedness.” 
  
 2.
DESCRIPTION OF COLLATERAL. Repayment of the Indebtedness is secured by the Collateral as described in the Loan Agreement. 
  
 Hereinafter, the above-described security documents, together with all other documents securing repayment of the Indebtedness shall be referred to as the “Security
Documents.” Hereinafter, the Security Documents, together with all other documents evidencing or securing the Indebtedness shall be referred to as the “Existing Loan Documents.” 
  
 3. DESCRIPTION OF CHANGE IN TERMS. 
  

	 	A.	Modification to Loan Agreement. 

  

	 	(a)	Committed Revolving Line; Cash Management; Exchange Contracts. Section 2.1.1 is hereby amended to terminate the Committed Revolving Line with respect to any obligation or
agreement by Bank to make additional Revolving Loans or issue additional Letters of Credit. Any and all outstanding Revolving Loans shall be immediately due and payable. Bank agrees that Cash Management Services and Exchange Contracts shall continue
to be available to Borrower under Section 2.1.1, provided that the Cash Management Sublimit and Foreign Exchange Reserve shall no longer be imposed. 

  

	 	(b)	Existing Letters of Credit. Section 2.1.3 and Section 4.1 are hereby amended such that Borrower’s reimbursement obligation and other obligations arising from all issued
and outstanding Letters of Credit will not be secured by the Collateral, and Bank hereby releases its security interest in the Collateral as to all such Obligations relating to the Letters of Credit. 

  

	 	(c)	Equipment Loans. Section 2.1.5 is hereby amended to terminate any agreement or obligation by Bank to make Equipment Loans thereunder. 

  

	 	(d)	Term Loans A, B, C and D. Sections 2.1.6 – 2.1.9 and 4.1 of the Agreement are hereby amended such that Borrower’s Obligations arising under Term Loans A,

 B, C and D will be secured only by such of the Collateral as consists of the Equipment and other
Collateral acquired by Borrower with the proceeds of such Term Loans, and Bank hereby releases its security interest in all of other Collateral as to such Obligations. 
  

	 	(e)	Maturity. Section 2.7 of the Agreement is hereby amended to add the following thereto. 

  
 “On November 30, 2004 all outstanding Obligations under all Equipment Loans and Term Loans A – D shall be due an
payable in full without notice or demand.” 
  

	 	(f)	Deletion of Certain Covenants. Sections 6.3 (Financial Statements, Reports, Certificates), 6.7 (Principal Depository), 6.8 (Financial Covenants), 6.9 (Registration of
Intellectual Property Rights), 6.10 (Control Agreements), 7.4 (Indebtedness), 7.6 (Distributions), 7.7 (Investments), 7.8 (Transactions with Affiliates), 7.9 (Intellectual Property Agreements), 7.10 (Subordinated Debt), and 7.11 (Inventory) are
hereby deleted from the Agreement. 

  

	 	(g)	Amendment of Sections 7.1 and 7.5. Sections 7.1 (Dispositions) and 7.5 (Encumbrances) of the Agreement are hereby amended to limit the application of such Sections to a
Transfer of or Lien upon the Collateral rather than to all property of the Borrower. 

  

	 	(h)	Definitions. Consistent with the foregoing, the following amendments are hereby made to the definitions set forth in Section 1.1: 

  
 1. “Collateral” is all Equipment and related goods acquired with
the proceeds of Term Loans A – D and any other Equipment Loans, as such Equipment and other goods may be more particularly described in such other schedules, exhibits and invoices as to which Bank and Borrower may agree, and all of
Borrower’s Books relating to the foregoing, and all substitutions, replacements, additions and accessions thereto and proceeds thereof. 
  
 2. “Term Loan A Maturity Date” is November 30, 2004. 
  

3. “Term Loan B Maturity Date” is November 30, 2004. 
  
 4. “Term Loan C Maturity Date” is November 30, 2004. 
  
 5. “Term Loan D Maturity Date” is November 30, 2004. 

 
 4. CONSISTENT CHANGES. The Existing Loan Documents are hereby amended wherever
necessary to reflect the changes described above. 
  
 5. PAYMENT OF LOAN
FEE. Borrower shall pay Lender a fee in the amount of $             (“Loan Fee”) fully earned and payable upon execution of this Loan Modification plus all
out-of-pocket expenses of Bank. 
  
 6. NO DEFENSES OF BORROWER. Borrower
agrees that, as of the date hereof, it has no defenses against the obligations to pay any amounts under the Indebtedness. 
  

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 7. CONTINUING VALIDITY. Borrower understands and agrees that in modifying the existing Indebtedness, 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 Indebtedness pursuant to this Loan Modification Agreement in no way shall obligate Bank to make any future modifications to the Indebtedness. Nothing in
this Loan Modification Agreement shall constitute a satisfaction of the Indebtedness. It is the intention of Bank and Borrower to retain as liable parties all makers and endorsers of Existing Loan Documents, unless the party is expressly released by
Bank in writing. No maker, endorser, or guarantor will be released by virtue of this Loan Modification Agreement. The terms of this paragraph apply not only to this Loan Modification Agreement, but also to all subsequent loan modification
agreements. 
  
 8. FURTHER ASSURANCES BY BANK. Bank hereby agrees to
execute, deliver and/or cause to be filed such lien releases, instruments, documents and agreements as may be required to effect the foregoing as may be reasonably requested by Borrower. 
  
 9. CONDITIONS. The effectiveness of this Loan Modification Agreement is conditioned upon payment of the Loan Fee, the execution and
delivery by Interwoven, Inc. of an Assumption Agreement in form and substance satisfactory to Bank, and the consummation of the acquisition by Interwoven, Inc. or its subsidiary of all of the capital stock of Borrower. 
  
 This Loan Modification Agreement is executed as of the date first written
above. 
  

							
	BORROWER:	 	BANK:
		
	IMANAGE, INC.	 	SILICON VALLEY BANK
				
	 By:
	 	 /s/    John E. Calonico, Jr.

	 	 By:
	 	 /s/    Arman Zand

	 Name:
	 	 John E. Calonico, Jr.

	 	 Name:
	 	 Arman Zand

	 Title:
	 	 Vice President and Chief Financial Officer

	 	 Title:
	 	 Vice President

  

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