Document:

<PAGE>   1
                                                                   EXHIBIT 10.38

                                 PATENT MORTGAGE
                             AND SECURITY AGREEMENT

        THIS PATENT MORTGAGE AND SECURITY AGREEMENT is made as of August 11,
2000 ("Security Agreement"), by and between WEBSIDESTORY, INC., a California
corporation ("Debtor"), and IMPERIAL CREDITCORP ("Lender").

                                    RECITALS

        A. Lender has agreed to lend to Debtor certain funds (the "Loans"), and
Debtor desires to borrow such funds from Lender pursuant to the terms of that
certain Loan Agreement dated of even date herewith (as the same may be modified,
amended, supplemented, restated or superceded from time to time, the "Loan
Agreement"). Initially capitalized terms used but not defined herein shall have
the meanings given to them in that certain General Security Agreement dated of
even date herewith (as the same may be modified, amended, supplemented, restated
or superceded from time to time, the "General Security Agreement"), executed by
Debtor in favor of Lender.

        B. In order to induce Lender to make the Loans, Debtor has agreed to
assign certain intangible property to Lender for purposes of securing the
obligations of Debtor to Lender.

        NOW, THEREFORE, the parties hereto agree as follows:

        1. COLLATERAL ASSIGNMENT, PATENT MORTGAGE AND GRANT OF SECURITY
INTEREST. As collateral security for the prompt and complete payment and
performance of all of Debtor's present or future indebtedness, obligations and
liabilities to Lender, including, without limitation, such indebtedness,
obligations and liabilities under the Loan Agreement and the other documents
executed in connection therewith (as the same may be modified, amended,
supplemented, restated or superceded from time to time, collectively, the "Loan
Documents"), Debtor hereby grants a security interest and mortgage to Lender, as
collateral security, in and to Debtor's entire right, title and interest in, to
and under the following, now or hereafter existing, created, acquired or held by
Debtor (all of which shall collectively be called the "Intellectual Property
Collateral"):

            (a) Any and all copyright rights, copyright applications, copyright
registrations, copyright recordings and like protections in each work of
authorship and derivative work thereof, whether registered or unregistered or
published or unpublished and whether or not the same also constitutes a trade
secret, held pursuant to the laws of the United States, any State thereof or of
any other country or political subdivision thereof, including, without
limitation, those set forth on EXHIBIT A attached hereto and incorporated herein
by this reference (collectively, the "Copyrights").

            (b) Any and all trade secrets, and any and all intellectual property
rights in computer software and computer software products;

            (c) Any and all design rights which may be available to Debtor;

            (d) Any and all letters patent, petty patents, divisionals, patents
of addition of the United States or any other country or political subdivision
thereof, all registrations and recordings thereof, and all patents to issues in
such applications of the United States or any other country or political
subdivision thereof, including, without limitation, registrations, recordings
and applications in the United States Patent and Trademark Office or in any
similar office or agency of the United States, any State

                                       1.
<PAGE>   2

thereof or any other country or political subdivision thereof, including,
without limitation, improvements, divisions, renewals, reissues, extensions,
continuations, and continuations-in-part or extensions thereof, including,
without limitation, those set forth on EXHIBIT B attached hereto and
incorporated herein by this reference (collectively, the "Patents");

            (e) Any and all trademarks, trade names, corporate names, company
names, business names, trade styles, service marks, logos, other source or
business identifiers, prints and labels on which any of the foregoing have
appeared or appear, designs and general intangibles of like nature, all
registrations and recordings thereof, and any applications in connection
therewith, including, without limitation, registrations, recordings and
applications in the United States Patent and Trademark Office or in any similar
office or agency of the United States, any State thereof or any other country or
any political subdivision thereof, and the entire goodwill of the business of
Debtor connected with and symbolized by all such trademarks, including, without
limitation, those set forth on EXHIBIT C attached hereto and incorporated herein
by this reference (collectively, the "Trademarks");

            (f) Any and all income, royalties, damages, claims, and payments now
and hereafter due and payable, including, without limitation, all claims for
damages and payments by way of past, present and future infringement,
misappropriation, or dilution of any of the rights included above, with the
right, but not the obligation, to sue for and collect such damages for said use
or infringement of the intellectual property rights identified above;

            (g) All licenses or other rights to use any of the Copyrights,
Patents or Trademarks, (collectively, the "Intellectual Property") and all
license fees and royalties arising from such use to the extent permitted by such
license or rights and not prohibited by applicable law;

            (h) All amendments, continuations, renewals and extensions of any of
the Intellectual Property; and

            (i) All proceeds and products of the foregoing, including, without
limitation, all payments under insurance or any indemnity or warranty payable in
respect of any of the foregoing.

        The security interest granted hereunder is granted in conjunction with
the security interests granted to Lender under the General Security Agreement.
The rights and remedies of Lender with respect to the security interest granted
hereby are in addition to those set forth in the General Security Agreement, the
Loan Agreement and the other Loan Documents, and those which are now or
hereafter available to Lender as a matter of law or equity. Each right, power
and remedy of Lender provided for herein or in the General Security Agreement,
the Loan Agreement or any of the other Loan Documents, or now or hereafter
existing at law or in equity shall be cumulative and concurrent and shall be in
addition to every right, power or remedy provided for herein and the exercise by
Lender of any one or more of the rights, powers or remedies provided for in this
Security Agreement, the General Security Agreement, the Loan Agreement or any of
the other Loan Documents, or now or hereafter existing at law or in equity,
shall not preclude the simultaneous or later exercise by any person, including
Lender, or any or all other rights, powers or remedies.

        Notwithstanding any of the foregoing, the term "Intellectual Property
Collateral" shall not include any general intangibles of Debtor (whether owned
or held as licensee or lessee, or otherwise), to the extent that (i) such
general intangibles are not assignable or capable of being encumbered as a
matter of law or under the terms of the license, lease or other agreement
applicable thereto (but solely to the extent that any such restriction shall be
enforceable under applicable law), without the consent of the licensor or lessor
thereof or other applicable party thereto and (ii) such consent has not been
obtained; provided, however, that the grant of security interest herein shall
extend to, and the term "Intellectual

                                       2.
<PAGE>   3

Property Collateral" shall include, (A) any and all Proceeds of any general
intangibles which are otherwise excluded to the extent that the assignment or
encumbrance of such Proceeds is not so restricted, (B) upon obtaining the
consent of any such licensor, lessor or other applicable party's consent with
respect to any such otherwise excluded general intangibles, such general
intangibles as well as any and all Proceeds thereof that might theretofore have
been excluded from such a grant of a security interest and the term
"Intellectual Property Collateral" and (C) any general intangible which is an
account receivable or proceed of or otherwise related to the enforcement or
collection of any account receivable or goods which are the subject of any
account receivable.

        2. AUTHORIZATION AND REQUEST. Debtor authorizes and requests that the
Register of Copyrights and the Commissioner of Patents and Trademarks record
this conditional assignment.

        3. COVENANTS AND WARRANTIES. Debtor represents, warrants, covenants and
agrees as follows:

            (a) Debtor is now the sole owner of the Intellectual Property
Collateral, except for licenses granted by Debtor to its customers in the
ordinary and normal course of business as now conducted and Permitted Liens;

            (b) Performance of this Security Agreement does not conflict with or
result in a breach of any agreement to which Debtor is a party or by which
Debtor is bound;

            (c) During the term of this Security Agreement, Debtor will not
sell, transfer, assign or otherwise encumber any interest in the Intellectual
Property Collateral, except for (i) licenses granted by Debtor in the ordinary
and normal course of its business as now conducted or as set forth in this
Security Agreement or that do not, in the aggregate, impair the Intellectual
Property Collateral or result in a Material Adverse Effect and (ii) subject to
Debtor's execution of appropriate documents, in form acceptable to Lender, to
perfect or continue the perfection of Lender's interest in the Intellectual
Property Collateral, transfers to affiliates of Debtor;

            (d) To its knowledge, each of the Patents, if any, is valid and
enforceable, and there is no Intellectual Property which has been judged invalid
or unenforceable, in whole or in part, and no material claim has been made that
any part of the Intellectual Property Collateral violates the rights of any
third party;

            (e) In connection with the quarterly report required under Section
6(a), Debtor shall promptly advise Lender of any material changes in the
composition of the Intellectual Property Collateral, including but not limited
to any subsequent ownership right of Debtor in or to any Intellectual Property
not specified in this Security Agreement;

            (f) Debtor shall (i) protect, defend and maintain the validity and
enforceability of the Intellectual Property, except where the failure to so
protect, defend and maintain would not, in the aggregate, result in a Material
Adverse Effect, (ii) use all commercially reasonable efforts to detect
infringements of the Intellectual Property and promptly advise Lender in writing
of material infringements detected and (iii) not allow any of its Intellectual
Property to be abandoned, forfeited or dedicated to the public, except where
such abandonment, forfeiture or dedication would not, in the aggregate, result
in a Material Adverse Effect, without the written consent of Lender which shall
not be unreasonably withheld;

                                       3.
<PAGE>   4

            (g) Debtor shall promptly register the most recent version of
Debtor's material Copyrights, if not so already registered, as Lender may
reasonably request from time to time based on its review of the Quarterly Report
(as hereinafter defined) and shall, from time to time, execute and file such
other instruments, and take such further actions as Lender may reasonably
request from time to time to perfect or continue the perfection of Lender's
interest in the Intellectual Property Collateral;

            (h) Debtor is not party, nor will it, without the prior written
consent of Bank, become party in the future, to any License or Contract included
in the Intellectual Property Collateral which, pursuant to its terms is not
assignable (except in the case of Borrower's customer contracts) or capable of
being encumbered;

            (i) This Security Agreement creates, and in the case of after
acquired Intellectual Property Collateral, will create at the time Debtor first
has rights in such after acquired Intellectual Property Collateral, in favor of
Lender a valid and (upon taking appropriate actions) perfected first priority
security interest in the Intellectual Property Collateral in the United States
securing the payment and performance of all present or future indebtedness,
obligations and liabilities of Debtor to Lender, including, without limitation,
such indebtedness, obligations and liabilities under the Loan Agreement and the
other Loan Documents, upon making the filings referred to in SECTION 3(j) below,
subject only to Permitted Liens (as defined in the Loan Agreement);

            (j) To its knowledge, except for, and upon, the filings with, as
applicable, (1) the United States Patent and Trademark Office, (2) the Register
of Copyrights and (3) the UCC Division of the applicable office of the Secretary
of State, necessary to perfect the security interests and assignment created
hereunder, and except as has been already made or obtained, no authorization,
approval or other action by, and no notice to or filing with, any United States
governmental authority or United States regulatory body is required either (a)
for the grant by Debtor of the security interest granted hereby or for the
execution, delivery or performance of this Security Agreement by Debtor in the
United States or (b) for the perfection in the United States or the exercise by
Lender of its rights and remedies hereunder;

            (k) All information heretofore, herein or hereafter supplied to
Lender by or on behalf of Debtor with respect to the Intellectual Property
Collateral is accurate and complete in all material respects;

            (l) Debtor shall not enter into any agreement that would materially
impair or conflict with Debtor's obligations hereunder without Lender's prior
written consent, which consent shall not be unreasonably withheld. For purposes
of this subsection, Debtor's entering into license agreements in the ordinary
course of business shall not be deemed to materially impair or conflict with
Debtor's obligations hereunder. Debtor shall not, without the prior written
consent of Lender, permit the inclusion in any material contract to which it
becomes a party of any provisions that could or might in any way prevent the
creation of a security interest in Debtor's rights and interests in any property
included within the definition of the Intellectual Property Collateral acquired
under such contracts, except that certain contracts may contain anti-assignment
provisions that could in effect prohibit the creation of a security interest in
such contracts; and

            (m) Upon any executive officer of Debtor obtaining actual knowledge
thereof, Debtor will promptly notify Lender in writing of any event that
materially adversely affects the value of any Intellectual Property Collateral,
the ability of Debtor to dispose of any Intellectual Property Collateral or the
rights and remedies of Lender in relation thereto, including the levy of any
legal process against any of the Intellectual Property Collateral.

                                       4.
<PAGE>   5

        4. LENDER'S RIGHTS. Lender shall have the right, but not the obligation,
to take, at Debtor's sole expense, any actions that Debtor is required under
this Security Agreement to take but which Debtor fails to take, after fifteen
(15) days' notice to Debtor. Debtor shall reimburse and indemnify Lender for all
reasonable costs and reasonable expenses incurred in the reasonable exercise of
its rights under this SECTION 4.

        5. INSPECTION RIGHTS. Debtor hereby grants to Lender and its employees,
representatives and agents the right to visit, during reasonable hours upon
prior reasonable and no less than three business days advance written notice to
Debtor, any of Debtor's plants and facilities that manufacture, install or store
products (or that have done so during the prior six-month period) that are sold
utilizing any of the Intellectual Property Collateral, and to inspect the
products and quality control records relating thereto upon reasonable written
notice to Debtor and as often as may be reasonably requested.

        6. FURTHER ASSURANCES; ATTORNEY IN FACT.

            (a) On a quarterly basis, Debtor agrees to deliver to Lender a
report, in form acceptable to Lender and certified by an officer of Debtor,
which lists all Intellectual Property that is material to the operation of
Debtor's business on an on-going basis, and in which Lender does not already
have a perfected security interest (the "Quarterly Report"), including, without
limitation, all titles, names or marks together with all relevant registration
and/or application numbers and registration and/or filing dates. Based upon
review of the Quarterly Report, Lender shall, in its reasonable discretion,
identify which Intellectual Property it deems material to the operation of
Debtor's business on an on-going basis or the value of the Intellectual Property
Collateral.

            (b) On a continuing basis for the purpose of perfecting and
maintaining the perfection of Lender's security interest in all Intellectual
Property, Debtor will make, execute, acknowledge and deliver, and file and
record in the proper filing and recording places in the United States, all such
instruments, including appropriate financing and continuation statements and
collateral agreements and filings with the United States Patent and Trademark
Office and the Register of Copyrights, and take all such action as may
reasonably be necessary or advisable, or as reasonably requested by Lender,
which Lender reasonably identifies pursuant to SECTION 6(a) above as material to
the operation of Debtor's business on an on-going basis or the value of the
Intellectual Property Collateral, and otherwise to carry out the intent and
purposes of this Security Agreement, or for assuring and confirming to Lender
the grant or perfection of a security interest in all Intellectual Property
Collateral.

            (c) Debtor hereby irrevocably appoints Lender as Debtor's
attorney-in-fact, with full authority in the place and stead of Debtor and in
the name of Debtor, from time to time in Lender's discretion, to take any action
and to execute any instrument which Lender may reasonably deem necessary or
advisable to accomplish the purposes of this Security Agreement, including (i)
to modify, in its reasonable discretion, this Security Agreement without first
obtaining Debtor's approval of or signature to such modification by amending
Exhibit A, Exhibit B or Exhibit C hereof, as appropriate, to include reference
to any material right, title or interest in any Intellectual Property acquired
by Debtor after the execution hereof or to delete any reference to any right,
title or interest in any Intellectual Property in which Debtor no longer has or
claims any right, title or interest, (ii) to file, in its reasonable discretion,
one or more financing or continuation statements and amendments thereto,
relative to any of the Intellectual Property Collateral without the signature of
Debtor where permitted by law and (iii) to transfer the Intellectual Property
Collateral into the name of Lender or a third party to the extent permitted
under the UCC provided that Lender agrees that it shall not exercise its powers
as attorney-in-fact under this SECTION 6 except upon the occurrence and during
the continuation of a Security Agreement Event of Default (as hereinafter
defined).

                                       5.
<PAGE>   6

        7. SECURITY AGREEMENT EVENTS OF DEFAULT. The occurrence of any of the
following shall constitute a "Security Agreement Event of Default" under this
Security Agreement:

            (a) An Event of Default occurs under the Loan Agreement (as defined
therein) or a default occurs under any of the other Loan Documents; or

            (b) Debtor breaches any warranty or agreement in any material
respect made by Debtor in this Security Agreement and, as to any breach that is
capable of cure, Debtor fails to cure such breach within twenty (20) days of the
occurrence of such breach if notice thereof has been given to Debtor.

        8. REMEDIES. Upon the occurrence and during the continuance of a
Security Agreement Event of Default, Lender shall have the right to exercise all
the remedies of a secured party under the UCC, including, without limitation,
the right to require Debtor to assemble the Intellectual Property Collateral and
any tangible property in which Lender has a security interest and to make it
available to Lender at a place designated by Lender. Lender shall have a
nonexclusive, royalty free license or other right, solely pursuant to the
provisions of this SECTION 8, to use, without charge, the Intellectual Property
and any property of a similar nature as it pertains to the Intellectual Property
Collateral, to the extent reasonably necessary to permit Lender to exercise its
rights and remedies pursuant to this SECTION 8, including, without limitation,
the completion of production, advertising for sale and the sale of any
Intellectual Property Collateral and, in connection with Lender's exercise of
its rights hereunder, Debtor's rights under all licenses and all franchise
agreements which constitute Intellectual Property Collateral shall inure to the
benefit of Lender. Debtor will pay any expenses (including reasonable attorneys'
fees) incurred by Lender in connection with the exercise of any of Lender's
rights hereunder, including, without limitation, any expense incurred in
disposing of the Intellectual Property Collateral. All of Lender's rights and
remedies with respect to the Intellectual Property Collateral shall be
cumulative.

        9. INDEMNITY. Debtor agrees to defend, indemnify and hold harmless
Lender and its officers, employees, and agents against: (a) all obligations,
demands, claims, and liabilities claimed or asserted by any other party in
connection with the transactions contemplated by this Security Agreement and (b)
all losses or expenses in any way suffered, incurred, or paid by Lender as a
result of or in any way arising out of, following or consequential to
transactions between Lender and Debtor, whether under this Security Agreement or
otherwise (including, without limitation, reasonable attorneys' fees and
reasonable expenses), except for losses arising from or out of Lender's gross
negligence or willful misconduct. If Lender obtains recovery of any of the
amounts that Debtor has paid to it pursuant to the indemnity set forth in the
section, then Lender shall promptly pay to Debtor the amount of such recovery.

        10. SUCCESSORS AND ASSIGNS. This Security Agreement and all obligations
of Debtor hereunder shall be binding upon the successors and assigns of Debtor,
and shall, together with the rights and remedies of Lender hereunder, inure to
the benefit of Lender, any future holder of any Note and their respective
successors and assigns. No sales of participations, other sales, assignments,
transfers or other dispositions of any agreement governing or instrument
evidencing the indebtedness secured hereby or any portion thereof or interest
therein shall in any manner affect the security interest created herein and
granted to Lender hereunder.

        11. REASSIGNMENT. At such time as Debtor shall completely satisfy all of
the obligations secured hereunder, Lender shall execute and deliver to Debtor
all deeds, assignments and other instruments as may be necessary or proper to
revest in Debtor full title to the property assigned hereunder, subject to any
disposition thereof which may have been made by Lender pursuant hereto.

                                       6.
<PAGE>   7

        12. NO FAILURE OR DELAY. No failure or delay on the part of Lender, in
the exercise of any power, right or privilege hereunder shall operate as a
waiver thereof, nor shall any single or partial exercise thereof.

        13. ATTORNEYS' FEES. If any action relating to this Security Agreement
is brought by either party hereto against the other party, the prevailing party
shall be entitled to recover reasonable attorneys' fees, costs and
disbursements.

        14. AMENDMENTS. Except as otherwise provided herein, this Security
Agreement may be amended only by a written instrument signed by both parties
hereto.

        15. COUNTERPARTS. This Security Agreement may be executed in any number
of counterparts, each of which when so delivered shall be deemed an original,
but all such counterparts shall constitute but one and the same instrument. Each
such Security Agreement shall become effective upon the execution of a
counterpart hereof or thereof by each of the parties hereto and telephonic
notification that such executed counterparts has been received by Debtor and
Lender.

        16. JUDICIAL REFERENCE. The terms and provisions of SECTION 16 of the
Loan Agreement are incorporated herein by this reference and made a part hereof.

        17. GOVERNING LAW; JURISDICTION; JURY WAIVER. This Security Agreement
shall be governed by, and construed in accordance with, the internal laws of the
State of California, without regard to principles of conflicts of law. Debtor
and Lender consent to the exclusive jurisdiction of any state or federal court
located in Santa Clara County, California. DEBTOR AND BANK EACH WAIVE THEIR
RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR
ARISING OUT OF THIS SECURITY AGREEMENT AND ANY OTHER LOAN DOCUMENT OR ANY OF THE
TRANSACTIONS CONTEMPLATED HEREIN, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH
OF DUTY CLAIMS, AND ALL OTHER COMMON LAW OR STATUTORY CLAIMS.

        18. CONFLICT. In the event of a conflict between any term and/or
provision contained in this Security Agreement with any term and/or provision
contained in the General Security Agreement, the term and/or provision of this
Security Agreement shall govern.

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

LENDER                                    DEBTOR
IMPERIAL CREDITCORP                       WEBSIDESTORY, INC.,
                                          a California corporation
By: /s/  JIM RUTTER                       By: /s/  TERANCE A. KINNINGER
   -------------------------------           -----------------------------------
Printed Name: Jim Rutter                  Printed Name: Terance A. Kinninger
             ---------------------                     -------------------------
Title:                                    Title:  Chief Financial Officer
      ----------------------------              --------------------------------

Address of Lender                         Address of Debtor

226 Airport Parkway                       10182 Telesis Court, 6th Floor
San Jose, California 95110                San Diego, CA  92121
                                          Attention: Randy Broberg,
                                          General Counsel

                                       7.
<PAGE>   8
                                    EXHIBIT A

                                   COPYRIGHTS

1.      REGISTERED: List titles below or indicate "None"

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------
                                              COPYRIGHTS
------------------------------------------------------------------------------------------
                        MARK                COUNTRY   DATE       SERIAL #/      STATUS
                                                      FILED       REG. #
------------------------------------------------------------------------------------------
<S>                                          <C>     <C>        <C>           <C>
HITBOX, version 12/99                        U.S.    1/5/00     Txu-912-518   Registered

------------------------------------------------------------------------------------------
HITBOX.COM                                   U.S.    8/5/99     Txu-894-309   Registered

------------------------------------------------------------------------------------------
HITBOX.COM (interface website copyright)     U.S.   11/26/99    Txu-907-376   Registered

------------------------------------------------------------------------------------------
STATMARKET.COM                               U.S.    7/29/99    Txu-894-293   Registered

------------------------------------------------------------------------------------------
WEBSIDESTORY.COM (website)                   U.S.    8/5/99     Txu-894-306   Registered

------------------------------------------------------------------------------------------
XY2K.COM                                     U.S.    8/5/99     Txu-894-307   Registered

------------------------------------------------------------------------------------------
YEP.COM                                      U.S.    8/5/99     Txu-894-308   Registered

------------------------------------------------------------------------------------------
</TABLE>

2.      UNREGISTERED: List material titles below or indicate "None"

        "None"

3.      APPLICATIONS IN PROCESS: List titles, applicable dates, application
        numbers, etc. below or indicate "None"

        "None"

                                    Exhibit A

<PAGE>   9

                                    EXHIBIT B
                      U.S. PATENTS AND PATENT APPLICATIONS

                     (List titles below or indicate "None")

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------
                        PATENTS AND PATENT APPLICATIONS
---------------------------------------------------------------------------------------------------------------------
                 MARK                      COUNTRY       DATE      SERIAL #/                   STATUS
                                                        FILED        REG. #
---------------------------------------------------------------------------------------------------------------------
<S>                                          <C>        <C>      <C>            <C>
Internet Website Traffic Analysis            U.S.       6/4/99     09/326,475   Assignment filed 5/5/5/00

---------------------------------------------------------------------------------------------------------------------
Internet Website Traffic Flow Analysis       PCT       4/17/00   PCT/US00/10    1/4/01 - Chapter II due
                                                                    330*
                                                                                2/4/01 - National Filings
                                                                                due (20 mos.)

                                                                                12/4/01 - National Filings
                                                                                due (30 mos.)

                                                                                Power of Attorney filed 5/24/00 (in
                                                                                response to Invitation to Correct
                                                                                Defects).
---------------------------------------------------------------------------------------------------------------------
E-Mail Tracking                              U.S       5/10/00     60/203,435   Provisional Application filed
                                                                                5/10/00

                                                                                Utility Application due 5/10/01

---------------------------------------------------------------------------------------------------------------------
Intelligent Delivery System for              U.S.       2/9/00     09/500,738   6/7/00 - Response to Notice to File
Directed Content                                                                Missing Parts due

                                                                                2/9/01 - Foreign Filing due

---------------------------------------------------------------------------------------------------------------------
Intelligent Delivery System for              PCT       4/17/00     PCT/US00/    9/9/01 - Chapter II due
Directed Content                                                    10348**
                                                                                10/9/01 - National Filings
                                                                                due (20 mos.)

                                                                                8/9/02 - National Filings
                                                                                due (30 mos.)

                                                                                Power of Attorney filed 5/23/00 (in
                                                                                response to Invitation to Correct
                                                                                Defects).

                                                                                Assignment filed 5/24/00

---------------------------------------------------------------------------------------------------------------------
Internet Web Site Traffic Analysis for       U.S.      3/30/00     09/539,225   3/30/00 - filed without signed
Wireless Devices                                                                power of attorney (awaiting Notice
                                                                                to File Missing Parts of
                                                                                Application).

                                                                                6/30/00 - IDS due.

                                                                                Assignment filed 5/5/00

---------------------------------------------------------------------------------------------------------------------
Internet Web Site Traffic Analysis for       PCT       4/17/00   PCT/US00/      Chapter II due 10/30/01
Wireless Devices                                                  10349**

                                                                                National Filings due 11/30/01 (20 mos.)

                                                                                National Filings due 9/30/02 (30 mos.)
---------------------------------------------------------------------------------------------------------------------
</TABLE>

*   U.S. equivalent:  serial number 09/326,475
**  U.S. equivalent:  serial number 09/500,738
*** U.S. equivalent:  serial number 09/539,225

                                   Exhibit B
<PAGE>   10

                                    EXHIBIT C
                   U.S. TRADEMARKS AND TRADEMARK APPLICATIONS

                      (List marks below or indicate "None")

UNREGISTERED TRADEMARKS:   List marks below or indicate "None."

                     TRADEMARKS AND TRADEMARK APPLICATIONS

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------
                 MARK                      COUNTRY       DATE      SERIAL #/      STATUS
                                                        FILED        REG. #
-----------------------------------------------------------------------------------------------------
<S>                                        <C>          <C>      <C>             <C>
HITBOX                                       U.S.      5/30/97     2,174,844     Registered

-----------------------------------------------------------------------------------------------------
HITBOX                                      Canada      3/5/99     1,007,612     Filed

-----------------------------------------------------------------------------------------------------
HITBOX                                     European    2/27/98     000748409     Registered
                                            Union
-----------------------------------------------------------------------------------------------------
HITBOX                                      Japan       5/1/98      4375254      Registered

-----------------------------------------------------------------------------------------------------
STATMARKET                                   U.S.      1/27/99     2,338,002     Registered

-----------------------------------------------------------------------------------------------------
STATMARKET                                  Canada      7/8/99     1,021,829     Filed

-----------------------------------------------------------------------------------------------------
STATMARKET                                 European     7/8/99      11235365     Filed
                                            Union
-----------------------------------------------------------------------------------------------------
STATMARKET                                  Japan      7/12/99      11-62717     Filed

-----------------------------------------------------------------------------------------------------
THE PULSE OF THE INTERNET                    U.S.      10/28/99    75/833,996    Filed

-----------------------------------------------------------------------------------------------------
THE PULSE OF THE INTERNET                  European    4/28/00     [pending]     Filed
                                            Union
-----------------------------------------------------------------------------------------------------
TRAFFIC                                      U.S.       3/5/98     75/444,968    Filed

-----------------------------------------------------------------------------------------------------
W(Stylized)                                  U.S.        N/A          N/A        Docket

-----------------------------------------------------------------------------------------------------
WEB SIDE STORY                               U.S.      5/14/97     2,174,768     Registered

-----------------------------------------------------------------------------------------------------
WED SIDE STORY                             European    2/27/98     000757393     Filed
                                            Union
-----------------------------------------------------------------------------------------------------
WEB SIDE STORY                              Japan       5/1/98   10(1998)-36372  Registered

-----------------------------------------------------------------------------------------------------
WEB SIDE STORY                              Canada      3/5/99     1,007,611     Filed

-----------------------------------------------------------------------------------------------------
YEP                                         Canada      9/1/99     1,027,543     Filed

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YEP                                          U.S.       3/3/99     75/653,048    Filed
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</TABLE>

                                   Exhibit C

<PAGE>   11

<TABLE>
<S>                                        <C>          <C>       <C>            <C>
-----------------------------------------------------------------------------------------------------
YEP                                        European     9/1/99      1296797      Filed
                                            Union
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YEP                                         Japan       9/1/99      11-79318     Filed

-----------------------------------------------------------------------------------------------------
YEP.COM and Design                           U.S.      7/14/99     2,345,610     Registered

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YEP.COM and Design                         European    12/20/99     1432699      Filed
                                            Union
-----------------------------------------------------------------------------------------------------
</TABLE>

UNAPPLIED FOR, COMMON LAW: List marks below or indicate "None."

1.      "The "W" logo."

                                   Exhibit C<PAGE>   1
                                                                  EXHIBIT 10.39

                           GENERAL SECURITY AGREEMENT

        THIS GENERAL SECURITY AGREEMENT is executed on August 11, 2000 (this
"Security Agreement"), by WEBSIDESTORY, INC., a California corporation
(hereinafter called "Grantor"). In consideration of financial accommodations
given, to be given or continued, Grantor hereby grants to IMPERIAL CREDITCORP
(hereinafter called "Lender") a security interest in (a) all property (i)
delivered to Lender by Grantor, (ii) which shall be in Lender's possession or
control in any matter or for any purpose, (iii) described below or (iv) now
owned or hereafter acquired by Grantor of the type or class described below
and/or in any exhibit or supplementary schedule hereto, or in any financing
statement filed by Lender and executed by or on behalf of Grantor; and (b) the
proceeds, increase and products of such property, all accessions thereto, and
all property which Grantor may receive on account of such collateral
(collectively referred to as "Collateral") to secure payment and performance of
all of Grantor's present or future debts or obligations to Lender, whether
absolute or contingent (hereafter referred to as "Debt"). See EXHIBIT A attached
hereto and incorporated herein by this reference for a description of the
Collateral. The Collateral which is not in Lender's possession will be located
at the locations set forth on EXHIBIT B attached hereto and incorporated herein
by this reference. Grantor may, upon the prior written consent of Lender, amend
Exhibit B from time to time to add and delete Collateral locations. Unless
otherwise defined herein, initially capitalized terms used herein shall have the
meanings given them (A) in the California Uniform Commercial Code, (B) as
defined in that certain Loan Agreement dated as of the date hereof entered into
by and among Grantor and Lender (as the same may be modified, amended,
supplemented, restated or superceded from time to time, the "Loan Agreement") or
(C) as defined in EXHIBIT A attached hereto.

        Grantor hereby represents, warrants and agrees:

        1. Grantor will immediately pay (a) any Debt when due, (b) Lender's
costs of collecting the Debt, of protecting, insuring or realizing on
Collateral, and any expenditure of Lender pursuant hereto, including attorneys'
fees and expenses, with interest at the rate of twenty-four percent (24%) per
year, or the rate applicable to the Debt, whichever is less, from the date of
expenditure, and (c) any deficiency after realization of Collateral.

        2. Grantor will use the proceeds of any loan that becomes Debt hereunder
for the purpose indicated on the application therefor, and will promptly
contract to purchase and pay the purchase price of any property which becomes
Collateral hereunder from the proceeds of any loan made for that purpose.

        3. As to all Collateral in Grantor's possession or the possession of its
contract manufacturers (unless specifically otherwise agreed to by Lender in
writing), Grantor will:

            (a) Have or has possession of the Collateral at the location
disclosed to Lender and will not remove the Collateral from said location,
except for sales in the ordinary course of Borrower's business.

            (b) Keep the Collateral separate and identifiable.

            (c) Maintain the Collateral in good and saleable condition, ordinary
wear and tear excepted, repair it if necessary and otherwise deal with the
Collateral in all such ways as are considered good practice by owners of like
property, use it lawfully and only as permitted by insurance policies, and
permit Lender to inspect the Collateral at any reasonable time during normal
business hours in accordance with the terms of the Loan Agreement.

            (d) Not sell, contract to sell, lease, encumber (other than
Permitted Liens) or transfer the Collateral (other than the disposition of such
inventory Collateral in the ordinary course of Borrower's business and other
assets which are obsolete or otherwise considered surplus) until the Debt has
been paid or performed in full, even though Lender has a security interest in
the proceeds of such Collateral.

                                       1.
<PAGE>   2

        4. As to Collateral which is inventory and accounts, Grantor:

            (a) May, until notice from Lender after the occurrence and during
the continuance of an Event of Default, sell, lease or otherwise dispose of
inventory Collateral in the ordinary course of business only, and collect the
cash proceeds thereof.

            (b) Will, upon notice from Lender after the occurrence and during
the continuance of an Event of Default, deposit all cash proceeds as received in
a demand deposit account with Lender, containing only such proceeds and deliver
statements identifying units of inventory disposed of, accounts which gave rise
to proceeds, and all acquisitions and returns of inventory as required by
Lender.

            (c) Will receive in trust after the occurrence and during the
continuance of an Event of Default, schedule on forms satisfactory to Lender
and, upon notice from Lender, deliver to Lender all non-cash proceeds other than
inventory received in trade.

        5. As to Collateral which are Accounts, Chattel Paper, General
Intangibles and Proceeds described in SECTION 4(c) above, Grantor warrants,
represents and agrees:

            (a) All such Collateral is genuine, enforceable in accordance with
its terms and conditions precedent (except as disclosed to and accepted by
Lender in writing), and is supported by consecutively numbered invoices to, or
rights against, the account debtors thereon. Grantor will supply Lender with
duplicate invoices or other evidence of Grantor's rights on Lender's request.

            (b) All persons appearing to be obligated on such Collateral have
authority and capacity to contract.

            (c) All Chattel Paper is in compliance with applicable law as to
form, content and manner of preparation and execution and has been properly
registered, recorded, and/or filed to protect Grantor's interest thereunder.

            (d) If an account debtor shall also be indebted to Grantor on
another obligation, any payment made by such account debtor not specifically
designated to be applied on any particular obligation shall be considered to be
a payment on the account in which Lender has a security interest. Should any
remittance include a payment not on an account, it shall be delivered to Lender
and, if no Event of Default has occurred and is continuing, Lender shall pay
Grantor the amount of such payment.

            (e) Grantor agrees that following the occurrence and during the
continuance of an Event of Default, Grantor shall not compromise, settle or
adjust any Account or renew or extend the time of payment thereof without
Lender's prior written consent.

            (f) Until Lender exercises its rights to collect the Accounts
pursuant to SECTION 11 hereof, Grantor will collect with diligence all Grantor's
Accounts. Any collection of Accounts by Grantor, whether in the form of cash,
checks, notes, or other instruments for the payment of money (properly endorsed
or assigned where required to enable Lender to collect same), shall be in trust
for Lender. If an Event of Default has occurred and is continuing, Grantor shall
keep all such collections separate and apart from all other funds and property
so as to be capable of identification as the property of Lender and deliver said
collections daily to Lender in the identical form received. The proceeds of such
collections when received by Lender may be applied by Lender directly to the
payment of the applicable Loan Account or to any other obligation secured
hereby. Any credit given by Lender upon receipt of said proceeds shall be
conditional credit subject to collection. Returned items at Lender's option may
be charged to Grantor's deposit account with Lender. All collections of the
Accounts shall be set forth on an itemized schedule, showing the name of the
account debtor, the amount of each payment and such other information as Lender
may request.

                                       2.
<PAGE>   3

            (g) Until Lender exercises its rights to collect the Accounts
pursuant to SECTION 11 hereof, Grantor may continue its present policies with
respect to returned merchandise and adjustments. However, Grantor shall
immediately notify Lender of all cases involving repossessions, and material
loss or damage of or to merchandise represented by the Accounts involving
Accounts with an aggregate value in excess of twenty-five thousand ($25,000).

        6. Grantor owns all of the Collateral absolutely and no other person has
or claims any interest in any of the Collateral, except for Permitted Liens and
as disclosed to and accepted by Lender in writing. Grantor will defend any
proceeding which may affect title to or Lender's security interest in any of the
Collateral, and will indemnify and hold Lender free and harmless from all costs
and expenses of Lender's defense.

        7. Grantor will pay when due all existing or future charges, liens or
encumbrances on and all taxes and assessments (except for taxes not yet due and
payable or which are contested in good faith and for which Grantor has set aside
adequate reserves in accordance with GAAP) now or hereafter imposed on or
affecting the Collateral and, if the Collateral is in Grantor's possession, the
realty on which the Collateral is located, except for liens being contested in
good faith, for which adequate reserves have been created in accordance with
GAAP, or liens disclosed to and accepted by Lender in writing.

        8. Grantor will insure the Collateral with Lender as loss payee in form
and amounts with companies, and against risks and liability satisfactory to
Lender (to the extent customarily maintained by businesses similar to
Borrower's), and hereby assigns such policies to Lender, agrees to deliver them
to Lender at Lender's request, and authorizes Lender to make any claim
thereunder, and to receive payment of and endorse any instrument in payment of
any loss or return premium. If Grantor should fail to deliver the required
insurance policy or policies to Lender, Lender may, at Grantor's cost and
expense, without any duty to do so, get and pay for insurance naming as the
insured, at Lender's option, either both Grantor and Lender, or only Lender, and
the cost thereof shall be secured by this Security Agreement, and shall be
repayable as provided in SECTION 1 above.

        9. Grantor will give Lender any information it reasonably requires in
accordance with the terms of the Loan Documents. All information at any time
supplied to Lender by Grantor (including, but not limited to, the value and
condition of Collateral, financial statements, financing statements, and
statements made in documentary Collateral) is correct and complete, and Grantor
will notify Lender of any materially adverse change in such information. Grantor
will promptly notify Lender of any change of Grantor's residence, chief
executive office or mailing address.

        10. At any time and from time to time, upon the written request of
Lender, and at the sole expense of Grantor, Grantor shall promptly and duly
execute and deliver any and all such further instruments and documents and take
such further action as Lender may reasonably deem desirable to obtain the full
benefits of this Security Agreement and of the rights and powers herein granted,
including, without limitation, (a) using its best efforts to secure all consents
and approvals necessary or appropriate for the grant of a security interest to
Lender in any Contract or License held by Grantor or in which Grantor has any
rights not heretofore assigned, (b) filing any financing or continuation
statements under the UCC with respect to the security interests granted hereby,
(c) filing or cooperating with Lender in filing any forms or other documents
required to be filed with the United States Patent and Trademark Office, United
States Copyright Office, or any filings in any foreign jurisdiction or under any
international treaty, required to secure or protect Lender's interest in the
Collateral, (d) transferring Collateral to Lender's possession (if a security
interest in such Collateral can be perfected by possession), (e) placing the
interest of Lender as lienholder on the certificate of title (or other evidence
of ownership) of any vehicle owned by Grantor or in or with respect to which
Grantor holds a beneficial interest and (f) using its best efforts to obtain
waivers of liens from landlords and mortgagees. Grantor also hereby authorizes
Lender to file any such financing or continuation statement without the
signature of Grantor. If any amount payable under or in connection with any of
the Collateral is or shall become evidenced by any Instrument, such Instrument,
other than checks and notes received in the ordinary course of business, shall
be duly endorsed in a manner satisfactory to Lender and delivered to Lender
promptly upon Grantor's receipt thereof.

                                       3.
<PAGE>   4

        11. Upon the occurrence and during the continuation of an Event of
Default, Lender may, without prior notice to Grantor, collect the Collateral and
may give notice of assignment of Accounts to any and all account debtors and
Grantor does hereby make, constitute and appoint Lender its irrevocable, true
and lawful attorney-in-fact with power to do any act which Grantor is obligated
hereby to do, to exercise such rights as Grantor may exercise, to use such
equipment as Grantor might use, to enter Grantor's premises to give notice of
Lender's security interest, and to collect Collateral and proceeds and to
execute and file in Grantor's name any financing statements and amendments
thereto required to perfect Lender's security interest hereunder, all to protect
and preserve the Collateral and Lender's rights hereunder. Without limiting the
generality of the foregoing, after and during the continuance of an Event of
Default, Lender may:

            (a) Endorse the name of Grantor, collect and receive delivery or
payment of Instruments and Documents constituting Collateral.

            (b) Demand, sue for, give acquittances for, make extension
agreements with respect to or affecting Collateral, exchange it for other
Collateral, release persons liable thereon or take security for the payment
thereof, and compromise, prosecute or defend any action, claim, proceeding or
other disputes in connection therewith.

            (c) Use or operate Collateral for the purpose of preserving
Collateral or its value and for preserving or liquidating Collateral.

        12. Discharge of Grantor except for full payment, or any extension,
forbearance, change of rate of interest, or acceptance, release or substitution
of Collateral or any impairment or suspension of Lender's rights against
Grantor, or any transfer of Grantor's interest to another shall not affect the
liability of Grantor hereunder. Until the Debt shall have been paid or performed
in full, Lender's rights shall continue even if the Debt is deemed
unenforceable. Grantor hereby waives: (a) any right to require Lender to proceed
against Grantor before any other, or to pursue any other remedy; (b)
presentment, protest and notice of protest, demand and notice of nonpayment,
demand or performance, notice of sale, and advertisement of sale; (c) any right
to the benefit of or to direct the application of any Collateral until the Debt
shall have been paid or performed in full; and (d) any right of subrogation to
Lender until the Debt shall have been paid or performed in full.

        13. After and during the continuance of an Event of Default, at Lender's
option, without demand or notice, all or any part of the Debt shall immediately
become due and payable. Lender shall have all rights given by law, and may sell,
in one or more sales, Collateral in any county where Lender has an office.
Lender may purchase at such sale. Sales for cash or on credit to a wholesaler,
retailer or user of the Collateral, or at public or private auction, are all to
be considered commercially reasonable. Lender may require Grantor to assemble
the Collateral and make it available to Lender at the entrance to the location
where the Collateral is stored, or at a place designated by Lender.

        14. Lender's acceptance of partial or delinquent payments or the failure
of Lender to exercise any right or remedy shall not waive any obligation of
Grantor or right of Lender to modify this Security Agreement, or waive any other
similar default.

        15. Upon the transfer of all or any part of the Debt, Lender may
transfer all or any part of the Collateral. Lender may deliver all or any part
of the Collateral to any grantor at any time. Any such transfer or delivery
shall discharge Lender from all liability and responsibility with respect to
such Collateral transferred or delivered. This Security Agreement benefits
Lender's successors and assigns and binds Grantor's successors and assigns. Time
is of the essence. This Security Agreement, the other Loan Documents and the
exhibit(s) attached hereto contain the entire security agreement between Lender
and Grantor. Grantor will execute any additional agreements, assignments or
documents reasonably required by Lender to carry this Security Agreement into
effect.

                                       4.
<PAGE>   5

        16. This Security Agreement shall be governed by and construed in
accordance with the laws of the State of California, to the jurisdiction of
whose courts Grantor hereby agrees to submit. Grantor agrees that service of
process may be accomplished by any means authorized by California law. All words
used herein in the singular shall be considered to have been used in the plural
where the context and construction so require.

        17. Grantor hereby acknowledges receiving a copy of this Security
Agreement and waives all rights to receive from Lender a copy of any financing
statement or financing change statement filed, or any verification statement
received, at any time in respect of this Security Agreement.

                                     GRANTOR

                                     WEBSIDESTORY, INC.,
                                     a California corporation

                                     By: /s/ TERANCE A. KINNINGER
                                        ----------------------------------------
                                     Printed Name: Terance A. Kinninger
                                                  ------------------------------
                                     Title: CFO
                                           -------------------------------------

                                       5.
<PAGE>   6

                                    EXHIBIT A

                            DESCRIPTION OF COLLATERAL

        A. COLLATERAL. This Exhibit A covers all right, title and interest of
Grantor in, to and under all of the following, wherever located and whether now
owned or hereafter owned or acquired (collectively, the "Collateral"):

            (a) All Accounts of Grantor;

            (b) All Chattel Paper of Grantor;

            (c) All Contracts of Grantor;

            (d) All Deposit Accounts of Grantor;

            (e) All Documents of Grantor;

            (f) All Equipment of Grantor (except such equipment leased by
Grantor pursuant to true leases);

            (g) All Fixtures of Grantor;

            (h) All General Intangibles of Grantor;

            (i) All Instruments of Grantor;

            (j) All Inventory of Grantor;

            (k) All Investment Property of Grantor;

            (l) All Licenses of Grantor;

            (m) All property of Grantor held by Lender or any other party for
whom Lender is acting as agent hereunder, including, without limitation, all
property of every description now or hereafter in the possession or custody of
or in transit to Lender or such other party for any purpose, including, without
limitation, safekeeping, collection or pledge, for the account of Grantor, or as
to which Grantor may have any right or power;

            (n) All other goods and personal property of Grantor whether
tangible or intangible and whether now or hereafter owned or existing, leased,
consigned by or to, or acquired by, Grantor and wherever located; and

            (o) To the extent not otherwise included, all Proceeds of each of
the foregoing and all accessions to, substitutions and replacements for, and
rents, profits and products of each of the foregoing.

        B. DEFINED TERMS. Unless otherwise defined herein, the following terms
shall have the following meanings (such meanings being equally applicable to
both the singular and plural forms of the terms defined):

                                    EXHIBIT A
                                   Page 1 of 5

<PAGE>   7

        "ACCOUNTS" means any "account," as such term is defined in Section 9106
of the UCC, now owned or hereafter acquired by Grantor or in which Grantor now
holds or hereafter acquires any interest and, in any event, shall include,
without limitation, all accounts receivable, book debts and other forms of
obligations (other than forms of obligations evidenced by Chattel Paper,
Documents or Instruments) now owned or hereafter received or acquired by or
belonging or owing to Grantor (including, without limitation, under any trade
name, style or division thereof) whether arising out of goods sold or services
rendered by Grantor or from any other transaction, whether or not the same
involves the sale of goods or services by Grantor (including, without
limitation, any such obligation which may be characterized as an account or
contract right under the UCC) and all of Grantor's rights in, to and under all
purchase orders or receipts now owned or hereafter acquired by it for goods or
services, and all of Grantor's rights to any goods represented by any of the
foregoing (including, without limitation, unpaid seller's rights of rescission,
replevin, reclamation and stoppage in transit and rights to returned, reclaimed
or repossessed goods), and all monies due or to become due to Grantor under all
purchase orders and contracts for the sale of goods or the performance of
services or both by Grantor (whether or not yet earned by performance on the
part of Grantor or in connection with any other transaction), now in existence
or hereafter occurring, including, without limitation, the right to receive the
proceeds of said purchase orders and contracts, and all collateral security and
guarantees of any kind given by any Person with respect to any of the foregoing.

        "CHATTEL PAPER" means any "chattel paper," as such term is defined in
Section 9105(1)(b) of the UCC, now owned or hereafter acquired by Grantor or in
which Grantor now holds or hereafter acquires an interest.

        "CONTRACTS" means all contracts, undertakings, franchise agreements or
other agreements (other than rights evidenced by Chattel Paper, Documents or
Instruments) in or under which Grantor may now or hereafter have any right,
title or interest, including, without limitation, any and all right, title and
interest of Grantor under any customer agreements, supply agreements,
distribution agreements, rebate agreements, processing agreements, warehousing
agreements or royalty agreements and shall include, without limitation, with
respect to an Account, any agreement relating to the terms of payment or the
terms of performance thereof.

        "COPYRIGHT LICENSE" means any agreement granting any right to use any
Copyright or Copyright registration (whether Grantor is the licensee or the
licensor thereunder), now owned or hereafter acquired by Grantor, including,
without limitation, licenses pursuant to which Grantor has obtained the
exclusive right to use a copyright owned by a third party.

        "COPYRIGHTS" means all of the following now owned or hereafter acquired
by Grantor or in which Grantor now holds or hereafter acquires any interest: (i)
all copyrights, whether registered or unregistered, held pursuant to the laws of
the United States, any State thereof or of any other country or political
subdivision thereof; (ii) registrations, applications and recordings in the
United States Copyright Office or in any similar office or agency of the United
States, any State thereof or any other country or political subdivision thereof;
(iii) any continuations, renewals or extensions thereof; (iv) any registrations
to be issued in any pending applications; (v) prior versions of works covered by
copyright and all works based upon, derived from, or incorporating such works;
(vi) income, royalties, damages, claims, and payments now and hereafter due and
payable with respect to copyrights including, without limitation, damages and
payments for past, present, or future infringement; (vii) rights to sue for
past, present and future infringements of copyright; and (viii) any other rights
corresponding to any of the foregoing rights throughout the world.

        "DEPOSIT ACCOUNT" means any "deposit account" as such term is defined in
Section 9105(e) of the UCC, and should include, without limitation, any demand,
time, savings passbook or like account, now or hereafter maintained by or for
the benefit of Grantor, or in which Grantor now holds or hereafter acquires any
interest, with a bank, savings and loan association, credit union or like
organization (including Lender) and all funds and amounts therein, whether or
not restricted or designated for a particular purpose.

                                    EXHIBIT A
                                   Page 2 of 5

<PAGE>   8

        "DOCUMENTS" means any "documents," as such term is defined in Section
9105(1)(f) of the UCC, now owned or hereafter acquired by Grantor or in which
Grantor now holds or hereafter acquires an interest.

        "EQUIPMENT" means any "equipment," as such term is defined in Section
9109(2) of the UCC, now or hereafter owned or acquired by Grantor or in which
Grantor now holds or hereafter acquires an interest, and, in any event, shall
include, without limitation, all machinery, equipment, furnishings, vehicles and
computers and other electronic data-processing and any other office equipment of
any nature whatsoever, any and all additions, substitutions and replacements of
any of the foregoing, wherever located, together with all attachments,
components, parts, equipment and accessories installed thereon or affixed
thereto.

        "FIXTURES" means "fixtures," as such term is defined in Section
9313(1)(a) of the UCC, now or hereafter owned or acquired by Grantor or in which
Grantor now holds or hereafter acquires any interest and, in any event, shall
include, without limitation, regardless of where located, all of the fixtures,
systems, machinery, apparatus, equipment and fittings of every kind and nature
whatsoever and all appurtenances and additions thereto and substitutions or
replacements thereof, now or hereafter attached or affixed to or constituting a
part of, or located in or upon, real property wherever located, including,
without limitation, all heating, electrical, mechanical, lighting, lifting,
plumbing, ventilating, air-conditioning and air cooling, refrigerating, food
preparation, incinerating and power, loading and unloading, communication,
sprinkler and other fire prevention and extinguishing, fixtures, systems,
machinery, apparatus and equipment, any signs, escalators, elevators, boilers or
switchboards, and all engines, motors, dynamos, machinery, pipes, pumps, tanks,
conduits and ducts constituting a part of any of the foregoing, together with
all right, title, and interest of Grantor in and to all extensions,
improvements, betterments, renewals, substitutes, and replacements of, and all
additions and appurtenances to any of the foregoing property, and all
conversions of the security constituted thereby, immediately upon any
acquisition or release thereof or any such conversion, as the case may be.

        "GENERAL INTANGIBLES" means any "general intangibles," as such term is
defined in Section 9106 of the UCC, now owned or hereafter acquired by Grantor
or in which Grantor now holds or hereafter acquires an interest, and, in any
event, shall include, without limitation, all right, title and interest which
Grantor may now or hereafter have in or under any Contract, all Intellectual
Property, interests in partnerships, joint ventures and other business
associations, Licenses, permits, goodwill (including, without limitation, the
goodwill associated with any Trademark, Trademark registration or Trademark
licensed under any Trademark License), claims in or under insurance policies,
including unearned premiums, uncertificated securities, deposit accounts
(including as defined in Section 9105(e) of the UCC), rights to receive tax
refunds and other payments and rights of indemnification.

        "INSTRUMENTS" means any "instrument," as such term is defined in Section
9105(1)(i) of the UCC now owned or hereafter acquired by Grantor or in which
Grantor now holds or hereafter acquires any interest, including, without
limitation, all notes, certificated securities, and other evidences of
indebtedness, other than instruments that constitute, or are a part of a group
of writings that constitute, Chattel Paper.

        "INTELLECTUAL PROPERTY" means all intellectual property of any kind or
nature, including, without limitation, all Copyrights, Trademarks, Patents,
trade secrets, customer lists, proprietary or confidential information,
inventions (whether or not patented or patentable), technical information,
procedures, designs, knowledge, know-how, software, data bases, data, skill,
expertise, recipes, experience, processes, models, drawings, materials and
records.

        "INVENTORY" means any "inventory," as such term is defined in Section
9109(4) of the UCC, wherever located, now or hereafter owned or acquired by
Grantor or in which Grantor now holds or hereafter acquires any interest and, in
any event, shall include, without limitation, all inventory, merchandise, goods
and other personal property which are held by or on behalf of Grantor for sale
or lease or are furnished or are to be furnished under a

                                    EXHIBIT A
                                   Page 3 of 5

<PAGE>   9

contract of service or which constitute raw materials, work in process or
materials used or consumed or to be used or consumed in Grantor's business, or
the processing, packaging, promotion, delivery or shipping of the same, and all
finished goods, whether or not such inventory is listed on any schedules,
assignments or reports furnished to Lender from time to time and whether or not
the same is in transit or in the constructive, actual or exclusive occupancy or
possession of Grantor or is held by Grantor or by others for Grantor's account,
including, without limitation, all goods covered by purchase orders and
contracts with suppliers and all goods billed and held by suppliers and all
inventory which may be located on premises of Grantor or of any carriers,
forwarding agents, truckers, warehousemen, vendors, selling agents or other
Persons.

        "INVESTMENT PROPERTY" means any "investment property" as such term is
defined in Section 9115(1)(f) of the UCC, now owned or hereafter acquired by
Grantor or in which Grantor now holds or hereafter acquires an interest,
including, without limitation, a security, whether certificated or
uncertificated, a security entitlement, a securities account, a commodity
contract or a commodity account.

        "LICENSE" means any Copyright License, Patent License, Trademark License
or other license of rights or interests now held or hereafter acquired by
Grantor or in which Grantor now holds or hereafter acquires an interest, and any
renewals or extensions thereof.

        "PATENT LICENSE" means any written agreement granting any right with
respect to any invention on which a Patent is in existence, now owned or
hereafter acquired by Grantor or in which Grantor now holds or hereafter
acquires an interest.

        "PATENTS" means all of the following now owned or hereafter acquired by
Grantor or in which Grantor now holds or hereafter acquires any interest: (i)
all letters patent of the United States or any other country, all registrations
and recordings thereof, and all applications for letters patent of the United
States or any other country or political subdivision thereof, including, without
limitation, registrations, recordings and applications in the United States
Patent and Trademark Office or in any similar office or agency of the United
States, any State thereof or any other country or political subdivision thereof;
(ii) all reissues, continuations, continuations-in-part or extensions thereof;
(iii) all petty patents, divisionals, and patents of addition; and (iv) all
patents to issue in such applications.

        "PERSON" means any individual, sole proprietorship, partnership, joint
venture, trust, unincorporated organization, association, corporation,
institution, public benefit corporation, firm, joint stock company, estate,
entity or governmental agency.

        "PROCEEDS" means "proceeds," as such term is defined in Section 9306(1)
of the UCC, and, in any event, shall include, without limitation, (i) any and
all Accounts, Chattel Paper, Instruments, cash or other forms of money or
currency or other proceeds, payable to Grantor from time to time in respect of
the Collateral; (ii) any and all proceeds of any insurance, indemnity, warranty
or guaranty payable to Grantor from time to time with respect to any of the
Collateral; (iii) any and all payments (in any form whatsoever) made or due and
payable to Grantor from time to time in connection with any requisition,
confiscation, condemnation, seizure or forfeiture of all or any part of the
Collateral by any governmental body, authority, bureau or agency (or any person
acting under color of governmental authority); (iv) any claim of Grantor against
third parties (a) for past, present or future infringement of any Patent or
Patent License, (b) for past, present or future infringement of any Copyright or
Copyright License, or (c) for past, present or future infringement or dilution
of any Trademark or Trademark License or for injury to the goodwill associated
with any Trademark, Trademark registration or Trademark licensed under any
Trademark License; (v) all certificates, dividends, cash, Instruments and other
property received or distributed in respect of or in exchange for any Investment
Property; and (vi) any and all other amounts from time to time paid or payable
under or in connection with any of the Collateral or any Contract.

                                    EXHIBIT A
                                   Page 4 of 5

<PAGE>   10

        "TRADEMARK LICENSE" means any written agreement granting any right to
use any Trademark or Trademark registration (whether Grantor is the licensee or
the licensor thereunder) now owned or hereafter acquired by Grantor or in which
Grantor now holds or hereafter acquires an interest.

        "TRADEMARKS" means all of the following now owned or hereafter acquired
by Grantor or in which Grantor now holds or hereafter acquires an interest: (i)
any and all trademarks, trade names, corporate names, company names, business
names, trade styles, service marks, logos, other source or business identifiers,
prints and labels on which any of the foregoing have appeared or appear, designs
and general intangibles of like nature, now existing or hereafter adopted or
acquired, all registrations and recordings thereof, and any applications in
connection therewith, including, without limitation, registrations, recordings
and applications in the United States Patent and Trademark Office or in any
similar office or agency of the United States, any State thereof or any other
country or any political subdivision thereof (the "Marks"); (ii) any and all
reissues, extensions or renewals thereof; (iii) the goodwill of the business
symbolized by or associated with Marks; (iv) income, royalties, damages and
payments now and hereafter due and/or payable with respect to Marks, including,
without limitation, damages, claims and recoveries for past, present or future
infringement, misappropriation, or dilution; and (v) rights to sue for past,
present and future infringements of Marks.

        "UCC" means the Uniform Commercial Code as the same may, from time to
time, be in effect in the State of California; provided, however, in the event
that, by reason of mandatory provisions of law, any or all of the attachment,
perfection or priority of Lender's security interest in any Collateral is
governed by the Uniform Commercial Code as in effect in a jurisdiction other
than the State of California, the term "UCC" shall mean the Uniform Commercial
Code as in effect in such other jurisdiction for purposes of the provisions
hereof relating to such attachment, perfection or priority and for purposes of
definitions related to such provisions.

        Notwithstanding any of the foregoing, the term "Collateral" shall not
include any general intangibles of Grantor (whether owned or held as licensee or
lessee, or otherwise), to the extent that (i) such general intangibles are not
assignable or capable of being encumbered as a matter of law or under the terms
of the license, lease or other agreement applicable thereto (but solely to the
extent that any such restriction shall be enforceable under applicable law),
without the consent of the licensor or lessor thereof or other applicable party
thereto and (ii) such consent has not been obtained; provided, however, that the
grant of security interest herein shall extend to, and the term "Collateral"
shall include, (A) any and all Proceeds of any general intangibles which are
otherwise excluded to the extent that the assignment or encumbrance of such
Proceeds is not so restricted, (B) upon obtaining the consent of any such
licensor, lessor or other applicable party's consent with respect to any such
otherwise excluded general intangibles, such general intangibles as well as any
and all Proceeds thereof that might theretofore have been excluded from such a
grant of a security interest and the term "Collateral" and (C) any general
intangible which is an account receivable or proceed of or otherwise related to
the enforcement or collection of any account receivable or goods which are the
subject of any account receivable.

                                    EXHIBIT A
                                   Page 5 of 5

<PAGE>   11

                                    EXHIBIT B

                 LOCATION OF COLLATERAL NOT IN BANK'S POSSESSION

1.      10182 TELESIS COURT, SAN DIEGO, CA 92121.

2.      PLEASE ADD OTHER ADDRESS LOCATIONS, IF ANY. IF NONE, PLEASE INDICATE
        "NONE"

        NONE.

                                    EXHIBIT B

<PAGE>   12

                         AGREEMENT TO PROVIDE INSURANCE
                           (REAL OR PERSONAL PROPERTY)

TO:       IMPERIAL CREDITCORP                              Date: August 11, 2000
          226 Airport Parkway                       Borrower: WEBSIDESTORY, INC.
          San Jose, California 95110

        In consideration of loans in the aggregate principal amount not to
exceed $2,000,000 ("Loans"), secured by all tangible personal property of the
undersigned, including inventory and equipment, the undersigned agrees to obtain
adequate insurance coverage to remain in force during the term of the Loans.

        The undersigned also agrees to advise the below named agent to add
IMPERIAL CREDITCORP ("Lender") as a loss payee on the new or existing insurance
policy, and to furnish Lender at the above address with a copy of said
policy/endorsements and any subsequent renewal policies.

        The undersigned understands that the policy must contain:

        1. Fire and extended coverage in an amount sufficient to cover:

            (a) The amount of the Loans, OR

            (b) All existing encumbrances, whichever is greater.

        But not in excess of the replacement value of the improvements on the
real property.

        A Lender's "Loss Payable" Endorsement Form 438 BFU in favor of IMPERIAL
CREDITCORP, or any other form acceptable to Lender.

                              INSURANCE INFORMATION

Insurance Co./Agent: Jack Yelverton, Marsh Risk & Insurance Services
Telephone No.: (858) 552-4285

Agent's Address: 4275 Executive Square, Suite 600, La Jolla, CA 92037-1499

                                     BORROWER

                                     WEBSIDESTORY, INC.
                                     a California corporation

                                     By:  /s/ Terance Kinninger
                                         ---------------------------------------
                                     Printed Name: Terance Kinninger
                                                  ------------------------------
                                     Title: CFO
                                           -------------------------------------

-------------------------------------------------------

INSURANCE VERIFICATION:         Date:__________________

Person spoken to: _____________________________________

Policy Number: ________________________________________

Effective From: _________________ To: _________________

Verified By: __________________________________________

-------------------------------------------------------

                                       1
<PAGE>   13

                               IMPERIAL CREDITCORP

                          AUTOMATIC DEBIT AUTHORIZATION

TO:     IMPERIAL CREDITCORP

RE:     THE LOANS ADVANCED UNDER THAT CERTAIN LOAN AGREEMENT, BY AND BETWEEN
        WEBSIDESTORY, INC. ("BORROWER") AND IMPERIAL CREDITCORP, DATED OF EVEN
        DATE HEREWITH, AND ANY RENEWALS OR AMENDMENTS THEREOF ("LOAN AGREEMENT")

You are hereby authorized and instructed to charge Account No. 38051660 in the
name of Borrower for principal and/or interest payments due on the above
referenced loans as set forth below and credit the loans referenced above.

        [X]    Debit each interest payment as it becomes due according to the
               terms of the Loan Agreement.

        [X]    Debit each principal payment as it becomes due according to the
               terms of the Loan Agreement.

This Authorization is to remain in full force and effect until revoked in
writing.

--------------------------------------------------------------------------------
Borrower Signature:                                       Date:  August 11, 2000

WEBSIDESTORY, INC.,
a California corporation

By:  /s/ Terance Kinninger
   -----------------------------
Printed Name: Terance Kinninger
Title: CFO
--------------------------------------------------------------------------------

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