Document:

Exhibit 10.29

 

LEASE MODIFICATION AGREEMENT

 

THIS
AGREEMENT made this  26th  day of  February , 2005 between PEYTON
BULDING, LLC, a Washington limited liability Corporation as “Lessor” and DATAMARK, Inc.,
a Utah corporation, as “Lessee”.

 

WITNESSETH:

 

WHEREAS,
by that certain lease dated the 30th day of February, 2002,
hereinafter referred to as the said Lease, between PACIFIC SECURITY
FINANCIAL, INC., a Washington Corporation as Lessor, such interest
having subsequently been assigned to PEYTON BUILDING, LLC, and DATAMARK, INC.,
a Utah corporation as Lessee, Suite #400 containing
approximately 4,865 usable square feet at the address commonly known as
10 N. Post, Spokane Washington and is as described on the original lease was leased by Lessor to Lessee.

 

NOW,
THEREFORE, in consideration of the mutual covenants and agreements herein
contained, the parties hereto do hereby covenant and agree as follows:

 

FIRST:    Lessor and Lessee have agreed to expand the Lease to include the adjacent Suite #425 containing
approximately 2,246 useable square feet (as marked in Exhibit B) and 2,583
rentable square feet. Suite #400 and #425 combined shall have 7,111 useable
square feet and 8,178 rentable square feet.

 

SECOND:               Lessor and Lessee agree a new lease term for
both Suites #400 and #425 for FIVE (5) YEARS AND zero (0) months
will commence no later than May 9, 2005 and terminate May 8,
2010. This new term shall replace Paragraph the #3Term termination date of November 30, 2007 from the
original Lease dated July 30, 2002. If earlier occupancy occurs for Suite #425,
the commencement date shall be modified to reflect earlier occupancy and the
increased rental shall start from that earlier date. The Tenant improvements
requested by Lessee in existing Suite #400 shall be completed no later
than June 20, 2005.

 

THIRD:                  Lessor and Lessee agree that the rental rates
specified in Paragraph #4Rent of the
Lease dated November 30, 2007 shall be modified to reflect both suites
#400 and #425 as follows:

 

•      Year 1             $8,792.62 per month

•      Year 2             $9,056.41 per month

•      Year 3             $9,328.10 per month

•      Year 4             $9,607.94 per month

•      Year 5             $9,896.18 per month

 

FOURTH:              Lessor agrees to complete and pay for the
following tenant improvements prior to occupancy:

 

•      $115,242.19 in total building and tenant improvement
costs as broken down and specified on the attached “Exhibit A”
construction summary by Construction Associates dated January 18, 2005.

 

•      Build as per attached Exhibit B Plan of
approved tenant improvements.

 

 

•      Lessee agrees to pay any tenant requested
items above and beyond the items specified above directly to Construction
Associates and Lessor has no further obligation on those items.

 

FIFTH:                   Paragraph #18 Notices
shall be amended to reflect the new Lessor notice address of

Peyton Building, LLC

c/o Kiemle & Hagood Company

601 W. Main

Spokane, WA 99201 or any such address that Lessor may in
the future provide to

Lessee in writing

 

SIXTH:                   Lessor shall supply Lessee with one parking
stall in addition to the parking stall specified in Paragraph #41 Parking. This new stall shall not be in the Davenport but
in another acceptable garage within an acceptable walking distance.

 

SEVENTH:             Paragraph #42 Early Termination
shall become null and void.

 

EIGHTH:                The Option to Review
noted in Paragraph #43 shall remain but be applicable to both suites #400 and
#425 together. If Lessor and Lessee are unable to agree upon a mutually
agreeable rental rate by sixty (60) days prior to the expiration of the
existing Lease Term, such Option to Renew shall become null and void.

 

NINTH:                  That except as herein modified, all the terms
and conditions of said Lease dated July 30, 2002 shall be the same and
remain in full force and effect.

 

TENTH:                 Each and all of the covenants, terms,
agreements and obligations of this Lease Modification Agreement shall extend to
and bind and inure to the benefit of the heirs, personal representatives and
successors and/or assigns of Lessor and to the successors and/or assigns of the
Lessee.

 

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

 

	
  LESSOR:

  	
  LESSEE:

  
	
  Peyton Building LLC

  	
  Datamark, Inc.

  
	
  A Washington limited liability corporation

  	
  a Utah corporation

  
	
   

  	
   

  
	
  BY:

  	
  /s/ David Johnston

  	
   

  	
  BY:

  	
  /s/ Tom Dearden

  	
   

  
	
   

  	
  David Johnston

  	
  Tom Dearden, COO

  
	
  ITS:

  	
  Managing Member

  	
   

  
						

 

 

LESSOR’S ACKNOWLEDGEMENT

 

	
  STATE OF WASHINGTON

  	
  )

  
	
   

  	
  ) ss.

  
	
  County of

  	
  )

  

 

I certify that I know or have satisfactory evidence
that David Johnston known to be an authorized Managing Partner of Peyton
Building LLC, is the person who appeared before me, and said person
acknowledged that he signed this instrument, on oath stated that he was
authorized to execute the instrument and acknowledged it, as the free and
voluntary act of such entity for the uses and purposes mentioned in the instrument.

 

	
  DATED:                                  ,
  2005    . BY:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   NOTARY PUBLIC in and for the State

  
	
   

  	
   of Washington residing at 

  
	
   

  	
  My appointment expires:

  
				

 

LESSEE’S ACKNOWLEDGEMENT
(CORPORATE)

 

	
  STATE OF

  	
  )

  
	
   

  	
  ) ss.

  
	
  County of

  	
  )

  

 

I certify that I know or have satisfactory evidence
that Tom Dearden signed this instrument, on oath stated that he
is authorized to execute the instrument and acknowledged it as the Chief
Operating Officer of Datamark, Inc., a Utah Corporation, to be
the free and voluntary act of such party for the uses and purposes mentioned in
the instrument.

 

	
   

  	
  DATED:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Notary Public in and for said

  
	
   

  	
  County and State,

  
	
   

  	
  Residing at

  	
   

  	
   

  
	
   

  	
  My Appointment Expires:Exhibit 10.30

 

Second Amendment

Of The

eCollege.com 1999 Employee Stock Purchase Plan

 

WHEREAS, eCollege.com,
a Delaware corporation, (the “Company”) maintains the eCollege.com 1999
Employee Stock Purchase Plan (the “Plan”); and

 

WHEREAS, under
Article X of the Plan, the Board of Directors of the Company (the “Board”)
is authorized to amend the Plan, and the Board now considers it desirable to
amend the Plan;

 

1.                                       NOW, THEREFORE, pursuant to the power reserved to the Board
by Article X of the Plan, and by virtue of the authority delegated to the
undersigned officer by resolution of the Board, the Plan is hereby amended by
deleting the phrase “one million (1,000,000)” in Section III.A of the Plan
and replacing it with the phrase “one million, one hundred sixty seven thousand
(1,167,000).”

 

IN WITNESS WHEREOF, the Company has caused this amendment to be executed by its duly
authorized officer this 22nd day of March, 2005.

 

 

	
   

  	
  eCollege.com

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Oakleigh Thorne

  	
   

  
	
   

  	
  Its:

  	
  Chief
  Executive OfficerEXHIBIT 10.31

 

FOURTH AMENDMENT

TO

LOAN AND
SECURITY AGREEMENT

 

THIS FOURTH AMENDMENT
to Loan and Security Agreement (this “Amendment”)
is entered into as of the 30th day of October, 2005, by and between Silicon
Valley Bank (“Bank”) and eCollege.com, a Delaware corporation (“eCollege”),
whose address is One North LaSalle Street, Suite 1800, Chicago, Illinois
60602, and DataMark Inc., a Delaware corporation (“DataMark”), whose address is
2305 President’s Drive, Salt Lake City, UT 84120 (hereinafter eCollege and
DataMark shall be referred to collectively as the “Borrowers” and individually
as a “Borrower”).

 

RECITALS

 

A.                                    Bank and Borrowers
have entered into that certain Loan and Security Agreement dated as of October 30,
2003, as amended as of December 29, 2003, April 1, 2004 and December 28,
2004 (as the same may from time to time be further amended, modified,
supplemented or restated, the “Loan Agreement”).

 

B.                                    Bank has extended
credit to Borrowers for the purposes permitted in the Loan Agreement.

 

C.                                    Borrowers have
requested that Bank amend the Loan Agreement to (i) increase the amount
available to be borrowed under the Committed Revolving Line, (ii) extend
the Revolving Maturity Date, (iii) lower the interest rate payable on the
Advances, and (iv) make certain other revisions to the Loan Agreement as
more fully set forth herein.

 

D.                                    Bank has agreed to
so amend certain provisions of the Loan Agreement, but only to the extent, in
accordance with the terms, subject to the conditions and in reliance upon the
representations and warranties set forth below.

 

AGREEMENT

 

NOW, THEREFORE, in
consideration of the foregoing recitals and other good and valuable
consideration, the receipt and adequacy of which is hereby acknowledged, and
intending to be legally bound, the parties hereto agree as follows:

 

1.                                      Definitions.
Capitalized terms used but not defined in this Amendment shall have the
meanings given to them in the Loan Agreement.

 

2.                                      Amendments
to Loan Agreement.

 

2.1                               Sections
2.1.2, 2.1.3, 2.1.4 and 2.2 (Sublimits).
The figure “$3,500,000” contained in each of Sections 2.1.2, 2.1.3 and 2.1.4
and in the last paragraph of Section 2.2 is amended and replaced with the
figure “$5,000,000”.

 

2.2                               Section 2.3
(Interest Rate, Payments). The
first sentence of Section 2.3(a) is amended in its entirety and
replaced with the following:

 

1

 

(a)                                  Interest
Rate. (i) Advances accrue interest on the outstanding principal balance at
a per annum rate equal to the Prime Rate.

 

2.3                               Section 2.4 (Fees). Section 2.4(b) and
Section 2.4(c) are amended in their entirety and replaced with the
following:

 

(b)                                 Non-utilization
Fee. A quarterly non-utilization fee equal to 12.5 basis points (0.125%) times
the average daily, unused amount available under the Committed Revolving Line
(being the difference between the amount of the Committed Revolving Line and
the average outstanding daily balance of Advances and Letters of Credit and
amounts utilized for Cash Management Services and FX Reserves) during the prior
quarter, payable in arrears twenty (20) days after each quarter-end.

 

(c)                                  Early
Termination Fee.                         A
fully earned, non-refundable early termination fee of $150,000.00 if, at
Borrowers’ option, the Committed Revolving Line is terminated and the Advances
are paid in full on or prior to October 30, 2006, and such a fee of
$75,000.00 if such events occur after October 30, 2006 but prior to October 30,
2007.

 

2.4                               Section 6.2 (Financial Statements,
Reports, Certificates.)  Section 6.2
is amended in its entirety and
replaced with the following:

 

6.2                                 Financial Statements,
Reports, Certificates.

 

(a)                                  Borrowers
will deliver to Bank:  (i) as soon
as available, but no later than 45 days after the last day of each fiscal
quarter, company prepared consolidated and consolidating balance sheets and
income statements covering the operations of eCollege and its Subsidiaries
during the period certified by a Responsible Officer of eCollege and in a form acceptable
to Bank; (ii) within 5 days of filing, copies of all statements, reports
and notices made available to eCollege’s security holders or to any holders of
Subordinated Debt and all reports on Form 10-K, 10-Q and 8-K filed with
the Securities and Exchange Commission; (iii) a prompt report of any legal
actions pending or threatened against either Borrower or any Subsidiary that
could result in damages or costs to either Borrower or any Subsidiary of
$250,000 or more; (iv) budgets, sales projections, operating plans or
other financial information Bank reasonably requests; and (v) prompt
notice of any material change in the composition of the Intellectual Property,
including any subsequent ownership right of either Borrower in or to any
Copyright, Patent or Trademark not shown in any intellectual property security
agreement between either Borrower and Bank or knowledge of an event that
materially adversely affects the value of the Intellectual Property.

 

(b)                                 Within
45 days after the last day of each quarter (or within 30 days after the last
day of each month if outstanding Advances in excess of $5,000,000 exist,
excluding Quarter-End Advances and outstanding Letters of Credit), Borrowers
will deliver to Bank a Borrowing Base Certificate signed by a Responsible
Officer of eCollege in the form of Exhibit C, with aged listings of
accounts receivable and accounts payable.

 

2

 

(c)                                  Within
45 days after the last day of each fiscal quarter, Borrowers will deliver to
Bank with the quarterly financial statements a Compliance Certificate signed by
a Responsible Officer of eCollege in the form of Exhibit D.

 

(d)                                 Borrowers
will allow Bank to audit Borrowers’ Collateral at Borrowers’ expense during
normal business hours upon reasonable notice. Audits of each Borrower will be
conducted no more often than annually, unless an Event of Default has occurred
and is continuing.

 

2.5                               Section 6.7  (Financial Covenants.)  Section 6.7 is amended in its entirety and replaced with
the following:

 

6.7                 Financial
Covenants.

 

eCollege will have or maintain as of the last
day of each month (unless otherwise provided) and on a consolidated basis:

 

(i)                                     Quick Ratio (Adjusted). A ratio of Quick
Assets to Current Liabilities minus Deferred Revenue and any Quarter-End
Advance of at least 1.50 to 1.00 at each fiscal quarter-end, tested quarterly.

 

(ii)                                  EBITDA. An EBITDA for each fiscal quarter
of not less than those amounts set forth next to the corresponding fiscal
quarter set forth on Exhibit E, tested quarterly commencing with the
quarter ending June 30, 2005.

 

2.6                               Section 7.3 (Mergers or
Acquisitions.)  Section 7.3
is amended in its entirety and
replaced with the following:

 

7.3                                 Mergers
or Acquisitions.

 

Merge or consolidate, or
permit any of its Subsidiaries to merge or consolidate, with any other Person,
or acquire, or permit any of its Subsidiaries to acquire, all or substantially
all of the capital stock or property of another Person, except, as long as no
Event of Default has occurred and is continuing or would result from such
action during the term of this Agreement, (a) a Subsidiary may merge
or consolidate into another Subsidiary or into such Borrower and DataMark may merge
into eCollege, and (b) cash acquisitions with a cost not exceeding 30% of
Tangible Net Worth and non-cash acquisitions with a cost not exceeding 49% of
Tangible Net Worth (or a combination of both).

 

2.7                               Section 13
(Definitions). The following terms and
their respective definitions set forth in Section 13.1
are amended in their entirety and replaced with the following:

 

“Committed  Revolving Line”
is $15,000,000.00.

 

“Revolving  Maturity
Date” is October 30, 2007.

 

2.8                               Exhibits D and E. Exhibits D and E attached
hereto are substituted for those attached to the Loan Agreement

 

3

 

3.                                      Limitation
of Amendments.

 

3.1                               The
amendments set forth in Section 2,
above, are effective for the purposes set forth herein and shall be limited
precisely as written and shall not be deemed to (a) be a consent to any
amendment, waiver or modification of any other term or condition of any Loan
Document, or (b) otherwise prejudice any right or remedy which Bank may now
have or may have in the future under or in connection with any Loan
Document.

 

3.2                               This
Amendment shall be construed in connection with and as part of the Loan
Documents and all terms, conditions, representations, warranties, covenants and
agreements set forth in the Loan Documents, except as herein amended, are
hereby ratified and confirmed and shall remain in full force and effect.

 

4.                                      Representations
and Warranties. To induce Bank to enter into this Amendment, each Borrower
hereby represents and warrants to Bank as follows:

 

4.1                               Immediately
after giving effect to this Amendment (a) the representations and
warranties contained in the Loan Documents are true, accurate and complete in
all material respects as of the date hereof (except to the extent such
representations and warranties relate to an earlier date, in which case they
are true and correct as of such date), and (b) no Event of Default has
occurred and is continuing;

 

4.2                               Each
Borrower has the power and authority to execute and deliver this Amendment and
to perform its obligations under the Loan Agreement, as amended by this
Amendment;

 

4.3                               The
organizational documents of each Borrower delivered to Bank on or about October 30,
2003 remain true, accurate and complete and have not been amended, supplemented
or restated and are and continue to be in full force and effect;

 

4.4                               The
execution and delivery by each Borrower of this Amendment and the performance by
such Borrower of its obligations under the Loan Agreement, as amended by this
Amendment, have been duly authorized;

 

4.5                               The
execution and delivery by each Borrower of this Amendment and the performance
by such Borrower of its obligations under the Loan Agreement, as amended by
this Amendment, do not and will not contravene (a) any law or regulation
binding on or affecting such Borrower, (b) any contractual restriction
with a Person binding on such Borrower, (c) any order, judgment or decree
of any court or other governmental or public body or authority, or subdivision
thereof, binding on such Borrower, or (d) the organizational documents of
such Borrower;

 

4.6                               The
execution and delivery by each Borrower of this Amendment and the performance
by such Borrower of its obligations under the Loan Agreement, as amended by
this Amendment, do not require any order, consent, approval, license,
authorization or validation of, or filing, recording or registration with, or
exemption by any governmental or public body or authority, or subdivision
thereof, binding on either Borrower, except as already has been obtained or
made; and

 

4

 

4.7                               This
Amendment has been duly executed and delivered by each Borrower and is the
binding obligation of such Borrower, enforceable against Borrower in accordance
with its terms, except as such enforceability may be limited by
bankruptcy, insolvency, reorganization, liquidation, moratorium or other
similar laws of general application and equitable principles relating to or
affecting creditors’ rights.

 

5.                                      Counterparts.
This Amendment may be executed in any number of counterparts and all
of such counterparts taken together shall be deemed to constitute one and the
same instrument.

 

6.                                      Effectiveness.
This Amendment shall be deemed effective upon (a) the due execution and
delivery to Bank of this Amendment by each party hereto, and (b) Borrowers’
payment of an amendment fee in an amount equal to $15,000.00.

 

[Signature page follows.]

 

5

 

IN WITNESS WHEREOF, the
parties hereto have caused this Amendment to be duly executed and delivered as
of the date first written above.

 

 

	
  BANK

  	
  BORROWER

  
	
   

  	
   

  
	
  Silicon Valley Bank

  	
  eCollege.com

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/ Frank Amoroso

  	
   

  	
  By:

  	
  /s/ Reid Simpson

  	
   

  
	
  Name:

  	
  Frank Amoroso

  	
   

  	
  Name:

  	
  Reid Simpson

  	
   

  
	
  Title:

  	
  Vice President

  	
   

  	
  Title:

  	
  Chief Financial Officer

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  BORROWER

  
	
   

  	
   

  
	
   

  	
  DataMark Inc.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Reid Simpson

  	
   

  
	
   

  	
  Name:

  	
  Reid Simpson

  	
   

  
	
   

  	
  Title:

  	
  Chief Financial Officer

  	
   

  
												

 

6

 

EXHIBIT D

 

COMPLIANCE CERTIFICATE

 

	
  TO:

  	
  SILICON VALLEY BANK

  
	
   

  	
  3003 Tasman Drive

  
	
   

  	
  Santa Clara, CA 95054

  
	
   

  	
   

  
	
  FROM:

  	
  ECOLLEGE.COM

  

 

The undersigned authorized officer of
eCollege.com certifies that under the terms and conditions of the Loan and
Security Agreement between eCollege,com and DataMark, Inc. (“Borrowers”)  and Bank (the “Agreement”), (i) Borrowers
are in complete compliance for the period ending                             
with all required covenants except as noted below and (ii) all
representations and warranties in the Agreement are true and correct in all
material respects on this date. Attached are the required documents supporting
the certification. Such officer certifies that these are prepared in accordance
with Generally Accepted Accounting Principles (GAAP) consistently applied from
one period to the next except as explained in an accompanying letter or
footnotes. Such officer acknowledges that no borrowings may be requested
at any time or date of determination that Borrowers are not in compliance with
any of the terms of the Agreement, and that compliance is determined not just
at the date this certificate is delivered.

 

Please indicate compliance status by circling Yes/No under “Complies”
column.

 

	
  Reporting
  Covenant

  	
   

  	
  Required

  	
   

  	
  Complies

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Quarterly financial statements + CC

  	
   

  	
  Quarterly within 45 days

  	
   

  	
  Yes

  	
   

  	
  No

  
	
  Annual (Audited)

  	
   

  	
  FYE within 95 days

  	
   

  	
  Yes

  	
   

  	
  No

  
	
  A/R & A/P Agings

  	
   

  	
  Monthly within 30 days*

  	
   

  	
  Yes

  	
   

  	
  No

  
	
  Borrowing Base Certificate

  	
   

  	
  Monthly within 30 days*

  	
   

  	
  Yes

  	
   

  	
  No

  
	
  A/R Audit

  	
   

  	
  Annual

  	
   

  	
  Yes

  	
   

  	
  No

  

 

	
  Financial
  Covenant

  	
   

  	
  Required

  	
   

  	
  Actual

  	
   

  	
  Complies

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Maintain on a Quarterly Basis:

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Minimum
  Quick Ratio (Adjusted) (quarterly)

  	
   

  	
  1.50:1.00 at each FQE

  	
   

  	
            :1.00

  	
   

  	
  Yes

  	
   

  	
  No

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Minimum EBITDA (quarterly)

  	
   

  	
  See Exhibit E

  	
   

  	
  $

  	
   

  	
   

  	
  Yes

  	
   

  	
  No

  
										

 

*Quarterly
within 45 days if no outstanding Advances exceeding $5,000,000 exist other than
Quarter-End Advances and outstanding Letters of Credit.

 

7

 

Have there
been updates to Borrowers’ intellectual property, if appropriate?

Yes / No

 

	
  Comments Regarding Exceptions: See
  Attached.

  	
  BANK USE ONLY

  
	
   

  	
   

  
	
   

  	
   

  
	
  Sincerely,

  	
  Received by:

  	
   

  	
   

  
	
   

  	
   

  	
  AUTHORIZED SIGNER

  
	
   

  	
   

  
	
  eCollege.com

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
  Verified:

  	
   

  	
   

  
	
  TITLE:

  	
   

  	
   

  	
   

  	
  AUTHORIZED SIGNER

  
	
   

  	
   

  
	
   

  	
  Date:

  	
   

  	
   

  
	
   

  	
   

  
	
  DATE:

  	
   

  	
   

  	
  Compliance Status:

  	
  Yes

  	
  No

  
											

 

8

 

EXHIBIT E

 

	
  Fiscal quarter ended

  	
   

  	
  Minimum EBITDA

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  June 30, 2005

  	
   

  	
  $

  	
  3,000,000

  	
   

  
	
  September 30, 2005

  	
   

  	
  $

  	
  3,000,000

  	
   

  
	
  December 31, 2005

  	
   

  	
  $

  	
  3,500,000

  	
   

  
	
  March 31, 2006

  	
   

  	
  $

  	
  3,500,000

  	
   

  
	
  June 30, 2006

  	
   

  	
  $

  	
  3,500,000

  	
   

  
	
  September 30, 2006

  	
   

  	
  $

  	
  3,500,000

  	
   

  
	
  December 31, 2006

  	
   

  	
  $

  	
  4,000,000

  	
   

  
	
  March 31, 2007

  	
   

  	
  $

  	
  4,000,000

  	
   

  
	
  June 30, 2007

  	
   

  	
  $

  	
  4,000,000

  	
   

  
	
  September 30, 2007

  	
   

  	
  $

  	
  4,000,000

  	
   

  

 

9

 

 

SILICON VALLEY BANK

 

PRO FORMA INVOICE FOR LOAN CHARGES

 

	
  BORROWER:

  	
   

  	
  eCollege.com and DataMark Inc.

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  LOAN OFFICER:

  	
   

  	
  Frank Amoroso

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DATE:

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Loan Fee

  	
   

  	
  $

  	
  15,000.00

  	
   

  
	
   

  	
   

  	
  Documentation Fee

  	
   

  	
  $

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  TOTAL FEES DUE

  	
   

  	
  $

  	
   

  
							

 

{   }  A check for the
total amount is attached.

 

{   }  Debit DDA #                                     
for the total amount.

 

 

	
  BORROWER:

  	
   

  
	
  ECollege.com

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Authorized Signer

  	
  (Date)

  
	
   

  	
   

  
	
  DataMark Inc.

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Authorized Signer

  	
  (Date)

  
	
   

  	
   

  
	
   

  	
   

  
	
  BANK;

  	
   

  
	
  SILICON VALLEY BANK

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Loan Officer Signature

  	
  (Date)

  

 

10

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00099-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00099-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00099-of-00352.parquet"}]]