Document:

Untitled Document

LOAN AND
SECURITY AGREEMENT

THIS
LOAN AND SECURITY  AGREEMENT (this “Agreement”)  dated as of the Effective Date
between SILICON VALLEY BANK, a California  corporation  (“Bank”),  and
HEALTHAXIS,  INC., a Pennsylvania corporation (“HAXS”),  HEALTHAXIS, LTD., a
Texas limited partnership (“HXLTD”) and HEALTHAXIS IMAGING SERVICES, LLC, a
Texas  limited liability company (“HXLLC”;  and with HAXS and HXLTD, each
individually a “Borrower” and collectively,  the “Borrowers”),
jointly and severally,  provide  the terms on which Bank shall lend to Borrowers and
Borrowers shall repay Bank.  The parties agree as follows:

1.
ACCOUNTING AND OTHER TERMS

Accounting
terms not defined in this Agreement shall be construed  following GAAP.  Calculations and
determinations  must be made following GAAP. The  term “financial  statements” includes
the notes and schedules.  The terms “including” and “includes” always
mean “including (or includes) without  limitation” in  this or any Loan
Document.  Capitalized  terms not  otherwise  defined in this  Agreement  shall  have the
meanings  set forth in  Section 13.  All other  terms  contained in this Agreement,
unless otherwise indicated, shall have the meanings provided by the Code to the extent
such terms are defined therein.

2.  LOAN AND
TERMS OF PAYMENT

2.1.
Promise to Pay.  Borrowers  hereby  unconditionally  promise to pay Bank the  outstanding
principal  amount of all Credit  Extensions and accrued and  unpaid interest thereon as
and when due in accordance with this Agreement.

2.1.1.
Revolving Advances.

(a)
      Availability.  Subject to the terms and  conditions  of this  Agreement,  Bank shall make
Advances not exceeding  the  Availability  Amount.  Amounts  borrowed  under the
Revolving  Line may be repaid and, prior to the Revolving  Line Maturity  Date,
reborrowed,  subject to the  applicable  terms and conditions  precedent herein.

(b)
      Termination;  Repayment.  The Revolving Line  terminates on the Revolving Line Maturity
Date,  when the principal  amount of all Advances,  the unpaid  interest thereon, and all
other Obligations relating to the Revolving Line shall be immediately due and payable.

2.1.2.
Other Services Sublimit.

(a)
Letters of Credit.

(i)
As part of the Revolving Line,  Bank shall issue or have issued Letters of Credit for
Borrower’s  account.  The face amount of outstanding  Letters of  Credit (including
drawn but unreimbursed  Letters of Credit and any Letter of Credit Reserve) may not
exceed the Other Services  Sublimit.  Such aggregate amounts  utilized  hereunder  shall
at all times reduce the amount  otherwise  available for Advances under the Revolving
Line. If, on the Revolving  Maturity Date,  there  are any  outstanding  Letters of
Credit,  then on such date Borrower  shall  provide to Bank cash  collateral in an amount
equal to of the face amount of all such  Letters of Credit plus all interest,  fees, and
costs due or to become due in connection therewith (as estimated by Bank in its good
faith business judgment),  to  secure  all of the  Obligations  relating  to said
Letters  of  Credit.  All  Letters of Credit  shall be in form and  substance  acceptable
to Bank in its sole  discretion and shall be subject to the terms and conditions of Bank’s
standard  Application and Letter of Credit  Agreement (the “Letter of Credit
Application”).  Borrower  agrees to execute any further  documentation  in
connection  with the Letters of Credit as Bank may reasonably  request.  Borrower
further agrees to be  bound by the  regulations  and  interpretations  of the  issuer of
any  Letters  of Credit  guarantied  by Bank and  opened  for  Borrower’s  account
or by Bank’s  interpretations of any Letter of Credit issued by Bank for Borrower’s
account,  and Borrower  understands and agrees that Bank shall not be liable for any
error,  negligence,  or  mistake,  whether  of  omission  or  commission,  in  following
Borrower’s  instructions  or those  contained  in the  Letters  of Credit or any
modifications, amendments, or supplements thereto.

	LOAN AND SECURITY AGREEMENT 	Page 1

(ii)
The  obligation  of  Borrower  to  immediately  reimburse  Bank for  drawings  made under
Letters of Credit  shall be  absolute,  unconditional,  and  irrevocable, and shall be
performed strictly in accordance with the terms of this Agreement, such Letters of
Credit, and the Letter of Credit Application.

(iii)
Borrower  may  request  that Bank issue a Letter of Credit  payable in a Foreign
Currency.  If a demand for  payment is made under any such Letter of  Credit,  Bank shall
treat such demand as an Advance to Borrower of the  equivalent of the amount  thereof
(plus fees and charges in connection  therewith  such as  wire, cable,  SWIFT or similar
charges) in Dollars at the  then-prevailing  rate of exchange in San Francisco,
California,  for sales of the Foreign Currency for  transfer to the country issuing such
Foreign Currency.

(iv)
To guard against  fluctuations in currency exchange rates, upon the issuance of any
Letter of Credit payable in a Foreign Currency,  Bank shall create  a reserve (the “Letter
of Credit  Reserve”)  under the  Revolving  Line in an amount equal to ten percent
(10%) of the face amount of such Letter of Credit.  The  amount of the Letter of Credit
Reserve may be adjusted by Bank from time to time to account for  fluctuations  in the
exchange rate.  The  availability  of funds  under the Revolving Line shall be reduced by
the amount of such Letter of Credit Reserve for as long as such Letter of Credit remains
outstanding.

(b)
      Foreign  Exchange  Contracts.  As part of the  Revolving  Line,  Borrower may enter into
foreign  exchange  contracts  with Bank under which  Borrower  commits to purchase from
or sell to Bank a specific amount of Foreign  Currency (each, a “FX Forward  Contract”)
on a specified date (the “Settlement  Date”).  FX  Forward  Contracts  shall
have a  Settlement  Date of at least one (1) FX Business  Day after the  contract  date
and shall be subject to a reserve of ten percent  (10%) of each  outstanding FX Forward
Contract (the “FX  Reserve”).  The aggregate  amount of FX Forward  Contracts
at any one time may not exceed ten (10) times  the amount of the FX Reserve.  The
obligations of Borrower relating to this section may not exceed the Other Services
Sublimit.

(c)
      Cash  Management  Services.  Borrower  may use up to the Other  Services  Sublimit  for
Bank’s cash  management  services  which may include  merchant  services,  direct
deposit of payroll,  business  credit card,  and check  cashing  services  identified in
Bank’s  various cash  management  services  agreements  (collectively,  the “Cash
Management  Services”).  Any  amounts  Bank pays on  behalf of  Borrower  or any
amounts  that are not paid by  Borrower  for any Cash  Management Services will be
treated as Advances under the Revolving Line and will accrue interest at the interest
rate applicable to Advances.

(d)
      Other Services Sublimit.  Notwithstanding  anything contained herein to the contrary,  in
no event shall the sum of (i) the face amount of outstanding  Letters of Credit
(including  drawn but  unreimbursed  Letters of Credit and any Letter of Credit  Reserve)
issued  hereunder,  (ii) the aggregate  amount of FX  Forward Contracts, and (iii)
Advances for Cash Management Services, exceed the Other Services Sublimit.

2.1.3.
Equipment Advances.

(a)
      Availability.  Subject to the terms and conditions of this Agreement,  during the Draw
Period,  Bank shall make advances (each, an “Equipment Advance” and,
collectively,  “Equipment  Advances”) not exceeding the Equipment Line.
Equipment Advances may only be used to finance Eligible Equipment  purchased within
ninety (90) days (determined based upon the applicable invoice date of such Eligible
Equipment) before the date of each Equipment Advance;  provided,  that if the  initial
Equipment  Advance is made within  thirty (30) days of the Effective  Date,  such initial
Equipment  Advance may be used to finance  Eligible  Equipment  purchased  between
January 1, 2006 and the date of such Equipment  Advance.  No Equipment  Advance may
exceed one hundred percent (100%) of the total invoice for  Eligible  Equipment,
excluding taxes,  shipping,  warranty charges,  freight  discounts and installation
expenses  relating to such Eligible  Equipment.  Unless  otherwise  agreed to by Bank,
not more than  twenty-five  percent (25%) of the proceeds of the  Equipment  Line shall
be used to finance  Other  Equipment.  Each  Equipment  Advance,  other than the final
Equipment Advance,  must be in an amount equal to at least fifty thousand dollars
($50,000).  Borrower may only request  seven (7) Equipment Advances hereunder.  After
repayment, no Equipment Advance may be reborrowed.

	LOAN AND SECURITY AGREEMENT 	Page 2 

(b)
      Repayment.  Beginning on the first day of the month  following the month in which any
Equipment  Advance is made and continuing  thereafter  until the  first Scheduled Payment
is made,  Borrower will make payments of accrued interest on all outstanding  Equipment
Advances.  Equipment Advances  outstanding on the  last day of the Draw Period are
payable in thirty (30)  consecutive  equal  monthly  installments  of  principal  and
interest,  beginning  on April 1, 2007 and  continuing thereafter until the Equipment
Maturity Date.

(c)
      Prepayment  Upon an Event of Loss.  Borrower  shall bear the risk of any loss,  theft,
destruction,  or damage of or to the Financed  Equipment.  If,  during the term of this
Agreement,  any item of Financed Equipment becomes obsolete or is lost, stolen,
destroyed,  damaged beyond repair,  rendered  permanently  unfit for use, or seized by a
governmental  authority  for any reason for a period equal to at least the  remainder of
the term of this  Agreement  (an “Event of  Loss”),  then, if no Event of
Default has occurred or is continuing,  within ten (10) days following such Event of
Loss, at Borrower’s option,  Borrower shall (i)  pay to Bank on account of the
Obligations all accrued  interest to the date of the prepayment,  plus all outstanding
principal owing with respect to the Financed  Equipment  subject to the Event of Loss; or
(ii) repair or replace any Financed  Equipment  subject to an Event of Loss provided the
repaired or replaced Financed  Equipment is of equal or like value to the Financed
Equipment subject to an Event of Loss and provided further that Bank has a first priority
perfected security  interest in such repaired or replaced Financed Equipment.

2.2.
Overadvances.  If, at any time,  the Credit  Extensions  under Section  2.1.1 exceed the
lesser of either (a) the Revolving  Line or (b) the Borrowing  Base, Borrower shall
immediately pay to Bank in cash such excess.

2.3.
Payment of Interest on the Credit Extensions

(a)
Interest Rate.

(i)
      Advances.  Subject to Section 2.3(b),  the principal  amount  outstanding  under the
Revolving Line shall accrue interest at a floating per annum rate  equal to one percent
(1.0%) above the Prime Rate, which interest shall be payable monthly in accordance with
Section 2.3(f) below.

(ii)
      Equipment  Advances.  Subject to Section 2.3(b),  the principal  amount  outstanding  for
each Equipment  Advance shall accrue interest at a per annum  rate equal to one and
one-half  percent  (1.50%)  above the Prime Rate,  fixed for each  Equipment  Advance as
of the date of such  Equipment  Advance and payable  monthly.

(b)
      Default Rate.  Immediately upon the occurrence and during the continuance of an Event of
Default,  Obligations shall bear interest at a rate per annum  which is the lesser of (a)
five percentage points above the rate effective  immediately before the Event of Default,
or (b) the Maximum Lawful Rate (the “Default  Rate”).  Payment or acceptance of
the increased  interest rate provided in this  Section 2.3(b)  is not a permitted
alternative  to timely  payment and shall not  constitute a waiver of any Event of
Default or otherwise prejudice or limit any rights or remedies of Bank.

(c)
      Adjustment  to Interest  Rate.  Changes to the  interest  rate of any Credit  Extension
based on changes to the Prime Rate shall be  effective on the  effective date of any
change to the Prime Rate and to the extent of any such change.

(d)
      360-Day Year.  Interest shall be computed on the basis of a 360-day year for the actual
number of days elapsed.

(e)
      Debit of Accounts.  Bank may debit any of Borrowers’ deposit accounts,  including
the Designated Deposit Account,  for principal and interest payments  or any other
amounts Borrowers owe Bank when due.  These debits shall not constitute a set-off.

(f)
      Payments.  Unless  otherwise  provided,  interest is payable  monthly on the first
calendar day of each month.  Payments of principal  and/or interest  received  after
12:00 p.m.  Pacific time are  considered  received at the opening of business on the next
Business Day. When a payment is due on a day that is not  a Business Day, the payment is
due the next Business Day and additional fees or interest, as applicable, shall continue
to accrue.

	LOAN AND SECURITY AGREEMENT 	Page 3 

(g)
      Spreading of Interest.  Due to irregular periodic balances of principal,  the variable
nature of the interest rate, or prepayment,  the total interest  that will accrue under
this  Agreement  cannot be determined  in advance.  Bank does not intend to contract
for,  charge or receive more than the Maximum  Lawful  Rate or Maximum  Lawful Amount
permitted by  applicable  state or federal law, and to prevent such an  occurrence  Bank
and  Borrowers  agree that all amounts of  interest,  whenever  contracted for, charged
or received by Bank, with respect to the Obligations,  will be spread,  prorated or
allocated over the full period of  time the  Obligations  are unpaid,  including the
period of any renewal or extension  thereof.  If the maturity of the  Obligations is
accelerated  for any reason  whether as a result of an Event of Default or otherwise
prior to the full stated term, the total amount of interest  contracted  for,  charged or
received to the  time of such demand  shall be spread,  prorated  or  allocated  along
with any  interest  thereafter  accruing  over the full period of time that the
Obligations  thereafter remain unpaid for the purpose of determining if such interest
exceeds the Maximum Lawful Amount.

(h)
      Excess  Interest.  At maturity  (whether by  acceleration or otherwise) or on earlier
final payment of the  Obligations,  Bank shall compute the total  amount of interest that
has been  contracted  for,  charged or received by Bank or payable by Borrowers
hereunder  and compare such amount to the Maximum  Lawful  Amount  that could have been
contracted  for,  charged or  received  by Bank.  If such  computation  reflects  that
the total  amount of  interest  that has been  contracted for, charged,  received by
Bank, or payable by Borrowers  exceeds the Maximum Lawful Amount,  then Bank shall apply
such excess to the reduction of the  principal  balance,  and any such excess  remaining
thereafter  shall be refunded to  Borrowers.  This  provision  concerning  the  crediting
or refund of excess  interest  shall  control and take  precedence  over all other
agreements  between  Borrowers  and Bank so that under no  circumstances  shall the total
interest  contracted for, charged or received by Bank exceed the Maximum Lawful Amount.

2.4.
Fees.  Borrowers shall pay to Bank:

(a)
      Commitment  Fee. Fully earned,  non-refundable  commitment  fees of $7,500 for the
Revolving Line and $1,750 for the Equipment  Line, on the Effective  Date; and

(b)
      Bank Expenses.  All Bank Expenses  (including  reasonable  attorneys’ fees and
expenses which attorney’s fees for the documentation and negotiation of  this
Agreement will not exceed $3,000 as of the Effective Date, for  documentation  and
negotiation of this  Agreement)  incurred  through and after the Effective  Date, when
due.

3.
CONDITIONS OF LOANS

 3.1.
Conditions  Precedent to Initial Credit Extension.  Bank’s obligation to make the
initial Credit Extension is subject to the condition  precedent that  Bank shall have
received,  in form and substance  satisfactory  to Bank,  such  documents,  and
completion of such other  matters,  as Bank may  reasonably  deem  necessary or
appropriate, including, without limitation:

(a)
Borrowers shall have delivered duly executed original signatures to the Loan Documents to
which it is a party;

(b)
Each Borrower shall have delivered its,  Operating  Documents and a good standing
certificate of each Borrower certified by the Secretary of State of  such entity’s
state of organization as of a date no earlier than thirty (30) days prior to the
Effective Date;

(c)
Each Borrower shall have delivered duly executed original signatures to the completed
Borrowing Resolutions;

	LOAN AND SECURITY AGREEMENT 	Page 4 

(d)
Each Borrower shall have delivered a  Subordination  Agreement duly executed by any
creditor of such Borrower in favor of Bank,  except with regard to  the Healthmarkets
Debt, for which Borrower shall use its best efforts to deliver a duly executed
Subordination Agreement;

(e)
Bank shall have received certified copies, dated as of a recent date, of financing
statement searches,  as Bank shall request,  accompanied by written  evidence (including
any UCC termination  statements) that the Liens indicated in any such financing
statements either constitute Permitted Liens or have been or,  in connection with the
initial Credit Extension, will be terminated or released;

(f)
Borrowers shall have delivered a Perfection Certificate executed by each Borrower;

(g)
Borrower shall have delivered the insurance policies and/or endorsements required
pursuant to Section 6.5 hereof; and

(h)
Borrowers shall have paid the fees and Bank Expenses then due as specified in Section 2.4
hereof.

3.2.
Conditions Precedent to all Credit Extensions.  Bank’s obligations to make each
Credit Extension,  including the initial Credit Extension,  is subject  to the following:

(a)
except as otherwise provided in Section 3.4(a), timely receipt of an executed
Payment/Advance Form or Loan Supplement;

(b)
the  representations  and warranties in Section 5 shall be true in all material  respects
on the date of the  Payment/Advance  Form or Loan Supplement  and on the Funding Date of
each Credit  Extension;  provided,  however,  that such  materiality  qualifier  shall
not be  applicable  to any  representations  and  warranties that already are qualified
or modified by materiality in the text thereof;  and provided,  further that those
representations and warranties expressly  referring  to a specific  date shall be true,
accurate  and  complete in all  material  respects as of such date,  and no Default or
Event of Default  shall have  occurred  and be  continuing  or result  from the Credit
Extension.  Each  Credit  Extension  is  Borrower’s  representation  and  warranty
on that date that the  representations and warranties in Section 5 remain true in all
material respects;  provided,  however,  that such materiality qualifier shall not be
applicable to  any representations  and warranties that already are qualified or modified
by materiality in the text thereof;  and provided,  further that those  representations
and warranties expressly referring to a specific date shall be true, accurate and
complete in all material respects as of such date; and

(c)
in Bank’s sole discretion, any material impairment in the general affairs,
management,  results of operation,  financial condition or the prospect of  repayment of
the Obligations,  or there has not been any material adverse deviation by Borrowers from
the most recent business plan of Borrowers  presented to and  accepted by Bank.

3.3.
Covenant to Deliver.  Borrowers  agree to deliver to Bank each item  required  to be
delivered  to Bank under this  Agreement  as a condition  to any  Credit  Extension.
Borrowers  expressly  agree that the  extension  of a Credit  Extension  prior to the
receipt by Bank of any such item shall not  constitute a  waiver by Bank of  Borrowers’ obligation
to deliver  such item,  and any such  extension in the absence of a required  item shall
be in Bank’s sole  discretion.  Notwithstanding  the foregoing or anything else
contained herein to the contrary,  within thirty (30) days of the Effective Date,
Borrower shall have delivered to  Bank:  (a) a  landlord’s  consent in the form
attached  hereto,  or such other form as is  reasonably  acceptable  to Bank,  as Exhibit
H executed by  Borrower’s  landlord or landlords in favor of Bank for each location
at which Borrower’s  property is located or stored,  and (b) a Control  Agreement
executed by Borrower’s  depositories,  other than Bank.  Notwithstanding  the
foregoing,  so long as Borrower has delivered  the form of  landlord’s  consent to
its landlord in a timely  fashion and  diligently  pursued the  execution  and delivery
of the same by  landlord,  Borrower  may have up to an  additional  thirty (30) days to
deliver such  executed landlord’s consent.

3.4.
Procedures for Borrowing.

	LOAN AND SECURITY AGREEMENT 	Page 5 

(a)
      Advances.  Subject to the prior  satisfaction of all other  applicable  conditions to the
making of an Advance set forth in this Agreement,  to obtain  an Advance,  Borrowers
shall notify Bank (which  notice shall be  irrevocable)  by electronic  mail,  facsimile,
or telephone by 12:00 p.m.  Pacific time on the  Funding Date of the Advance.  Together
with any such  electronic or facsimile  notification,  Borrowers  shall deliver to Bank
by electronic  mail or facsimile a  completed  Payment/Advance  Form executed by a
Responsible  Officer or his or her  designee.  Bank may rely on any  telephone  notice
given by a person whom Bank  believes is a Responsible  Officer or designee.  Bank shall
credit Advances to the Designated  Deposit Account.  Bank may make Advances under this
Agreement based  on instructions  from a Responsible  Officer or his or her designee or
without  instructions if the Advances are necessary to meet  Obligations  which have
become  due.

(b)
      Equipment  Advances.  Subject to the prior  satisfaction of all other  applicable
conditions to the making of an Equipment  Advance set forth in this  Agreement,  to
obtain an  Equipment  Advance,  Borrowers  shall  deliver to Bank by  electronic  mail or
facsimile a  completed  Loan  Supplement,  executed by a  Responsible  Officer or his or
her designee,  copies of invoices for the Financed  Equipment and such  additional
information as Bank may  reasonably  request at  least five (5) Business Days before the
proposed  Funding Date. On each Funding Date,  Bank shall specify in the Loan Supplement
for each Equipment  Advance,  and  the applicable  interest rate. At Bank’s
discretion,  Bank shall have the  opportunity to confirm that, upon filing the UCC-1
financing  statement  covering the  Equipment  described on the Loan Supplement,  Bank
shall have a first priority perfected security interest in such Equipment.  If Borrowers
satisfy the conditions  of each Equipment Advance, Bank shall disburse such Equipment
Advance by transfer to the Designated Deposit Account.

3.5.
Special Condition for  Implementation  Note. As a condition to including the
Implementation  Note as part of the Borrowing Base,  Borrowers shall have  delivered to
Bank original  signatures to the Assignment of Note with regard to the  Implementation
Note, and all exhibits attached  thereto,  and Borrower shall  have delivered to Bank the
original Implementation Note.

4.  CREATION
OF SECURITY INTEREST

4.1.
Grant of Security  Interest.  Each Borrower hereby grants Bank, to secure the payment and
performance in full of all of the Obligations,  a continuing  security interest in, and
pledges to Bank, the Collateral,  wherever located,  whether now owned or hereafter
acquired or arising,  and all proceeds and products  thereof.  Borrowers  represent,
warrant,  and covenant  that the  security  interest  granted  herein is and shall at all
times  continue to be a first  priority  perfected  security  interest in the Collateral
(subject only to Permitted  Liens that may have superior  priority to Bank’s Lien
under this  Agreement).  If any  Borrower shall acquire a commercial  tort claim,  such
Borrower shall promptly notify Bank in a writing signed by such Borrower of the general
details thereof and  grant to Bank in such writing a security interest therein and in the
proceeds thereof,  all upon the terms of this Agreement,  with such writing to be in form
and  substance reasonably satisfactory to Bank.

If
this Agreement is terminated,  Bank’s Lien in the Collateral shall continue until
the Obligations (other than inchoate  indemnity  obligations) are  repaid in full in
cash.  Upon payment in full in cash of the  Obligations and at such time as Bank’s
obligation to make Credit  Extensions has  terminated,  Bank  shall, at Borrowers’ sole
cost and expense, release its Liens in the Collateral and all rights therein shall revert
to Borrowers.

4.2.
Authorization  to File Financing  Statements.  Borrowers  hereby authorize Bank to file
financing  statements,  without notice to Borrowers,  with all  appropriate
jurisdictions  to perfect or protect  Bank’s  interest or rights  hereunder,
including a notice that any  disposition of the  Collateral,  by either  Borrower or any
other Person, shall be deemed to violate the rights of Bank under the Code.

5.
REPRESENTATIONS AND WARRANTIES

Borrowers
represent and warrant as follows:

5.1.
Due  Organization  and  Authorization.  Each  Borrower  and each of its  Subsidiaries
are duly  existing  and in good  standing  in their  respective  jurisdictions  of
formation and are qualified and licensed to do business and are in good standing in any
jurisdiction  in which the conduct of their business or  their ownership of property
requires that they be qualified  except where the failure to do so could not reasonably
be expected to have a material adverse effect  on Borrower’s  business.  In
connection with this Agreement,  Borrowers have delivered to Bank a completed
certificate  substantially in the form attached hereto  as Exhibit G-1 signed by HAXS,
Exhibit G-2 signed by HXLTD, and Exhibit G-3 signed by HXLLC,  entitled  “Perfection
Certificate”.  Each Borrower  represents and

	LOAN AND SECURITY AGREEMENT 	Page 6 

warrants to
Bank that (a) Borrower’s  exact legal name is that  indicated on the  Perfection
Certificate  and on the signature  page hereof;  (b) Borrower  is an  organization
of the type and is organized in the  jurisdiction  set forth in the Perfection
Certificate;  (c) the Perfection  Certificate  accurately sets forth  Borrower’s
organizational  identification  number or accurately  states that Borrower has none; (d)
the Perfection  Certificate  accurately sets forth Borrower’s  place of business,
or, if more than one, its chief  executive  office as well as Borrower’s  mailing
address (if  different  than its chief  executive  office);  (e) Borrower  (and each
of its  predecessors)  has not, in the past five (5) years,  changed its  jurisdiction,
except as noted in the Perfection  Certificate of  formation,  organizational  structure
or type,  or any  organizational  number  assigned  by its  jurisdiction;  and (f) all
other  information  set forth on the  Perfection  Certificate  pertaining to Borrower and
each of its Subsidiaries is accurate and complete. If Borrower is not now a Registered
Organization but later  becomes one, Borrower shall promptly notify Bank of such
occurrence and provide Bank with Borrower’s organizational identification number.

The
execution,  delivery and  performance of the Loan Documents  have been duly  authorized,
and do not conflict with any Borrower’s  organizational  documents,  nor  constitute
an event of default under any material  agreement by which  Borrower is bound.  No
Borrower is in default under any agreement to which  it is a party or by which it is
bound in which the default could have a material adverse effect on Borrowers’ business.

5.2.
Collateral.  Each Borrower has good title to, has rights in, and the power to transfer
each item of the  Collateral  upon which it purports to grant a  Lien  hereunder,  free
and clear of any and all Liens except  Permitted  Liens.  No Borrower has deposit
accounts other than the deposit  accounts with Bank, the  deposit accounts,  if any,
described in the Perfection  Certificate  delivered to Bank in connection  herewith,  or
of which Borrowers have given Bank notice and  taken such  actions as are  necessary  to
give Bank a perfected  security  interest  therein.  The Accounts  are bona fide,
existing  obligations  of the Account  Debtors.

The
Collateral is not in the possession of any third party bailee (such as a warehouse)
except as otherwise  provided in the Perfection  Certificate.  None of the components of
the  Collateral  shall be maintained at locations  other than as provided in the
Perfection  Certificate or as Borrowers have given Bank  notice pursuant to Section 7.2.
In the event that any Borrower,  after the date hereof,  intends to store or otherwise
deliver any portion of the Collateral to a  bailee,  then such  Borrower  will first
receive the written  consent of Bank and such bailee must execute and deliver a bailee
agreement in form and  substance  satisfactory to Bank in its sole discretion.

All
Financed  Equipment is new,  except for such Financed  Equipment  that has been disclosed
in writing to Bank by Borrowers as “used” and that Bank,  in its sole
discretion, has agreed to finance.  All Inventory is in all material respects of good and
marketable quality, free from material defects.

Each
Borrower is the sole owner of its intellectual  property,  except for  non-exclusive
licenses granted to its customers in the ordinary course of  business.  Each patent is
valid and enforceable and no part of the  intellectual  property has been judged invalid
or  unenforceable,  in whole or in part, and to  the best of each Borrower’s
knowledge, no claim has been made that any part of the intellectual property violates the
rights of any third party.

Except
as noted on the Perfection  Certificate,  no Borrower is a party to, nor is bound by, any
license or other agreement with respect to which such  Borrower is the licensee  that
prohibits or otherwise  restricts  such  Borrower  from  granting a security  interest in
Borrower’s  interest in such license or  agreement or any other  property.  Each
Borrower  shall provide  written  notice to Bank within ten (10) days of entering or
becoming bound by any such license or  agreement  which is reasonably  likely to have a
material  impact on Borrower’s  business or financial  condition  (other than
over-the-counter  software that is  commercially  available to the public).  Each
Borrower  shall take such steps as Bank requests to obtain the consent of, or waiver by,
any person whose consent or  waiver is necessary for all such licenses or contract
rights to be deemed  “Collateral” and for Bank to have a security  interest in
it that might  otherwise be  restricted  or  prohibited  by law or by the terms of any
such  license or  agreement  (such  consent or  authorization  may include a  licensor’s
agreement to a  contingent  assignment  of the license to Bank if Bank  determines  that
is  necessary  in its good faith  judgment),  whether now existing or entered into in the
future.

	LOAN AND SECURITY AGREEMENT 	Page 7 

 5.3.
Accounts  Receivable.  All  statements  made and all unpaid  balances  appearing in all
invoices,  instruments  and other  documents  evidencing  the  Accounts are and shall be
true and correct and all such invoices,  instruments and other  documents,  and all of
Borrowers’ Books are genuine and in all respects  what they purport to be. All sales
and other  transactions  underlying  or giving rise to each Account shall comply in all
material  respects with all  applicable  laws and governmental rules and regulations.  No
Borrower has knowledge of any actual or imminent  Insolvency  Proceeding of any Account
Debtor whose accounts are  an Eligible Account in any Borrowing Base Certificate.  To the
best of each Borrower’s knowledge,  all signatures and endorsements on all
documents,  instruments,  and agreements relating to all Accounts are genuine, and all
such documents, instruments and agreements are legally enforceable in accordance with
their terms.

5.4.
Litigation.  Except as noted in the  Perfection  Certificate,  there are no actions or
proceedings  pending or, to the  knowledge of the  Responsible  Officers of each
Borrower, threatened in writing by or against any Borrower or any of its Subsidiaries
involving more than $50,000.

5.5.
No Material Deviation in Financial  Statements.  All consolidated  financial statements
for Borrowers and any of their Subsidiaries  delivered to Bank  fairly present in all
material respects Borrowers’ consolidated  financial condition and Borrowers’ consolidated
results of operations.  There has not been any  material deterioration in Borrowers’ consolidated
financial condition since the date of the most recent financial statements submitted to
Bank.

5.6.
Solvency.  The fair salable value of each Borrower’s  assets (including  goodwill
minus disposition  costs) exceeds the fair value of its liabilities;  no Borrower is left
with unreasonably  small capital after the transactions in this Agreement;  and each
Borrower is able to pay its debts (including trade debts)  as they mature.

5.7.
Regulatory  Compliance.  No Borrower is an “investment  company” or a company
“controlled” by an “investment  company” under the Investment
Company  Act. No Borrower is engaged as one of its important  activities in extending
credit for margin stock (under  Regulations T and U of the Federal  Reserve Board of
Governors).  Borrowers  have  complied in all material  respects  with the Federal Fair
Labor  Standards  Act. No Borrower  has violated any laws,  ordinances  or  rules,  the
violation of which could reasonably be expected to have a material  adverse effect on its
business.  None of Borrowers’ or any of their  Subsidiaries’ properties or
assets has been used by any Borrower or any Subsidiary or, to the best of each Borrower’s
knowledge,  by previous Persons, in disposing,  producing,  storing,  treating,  or
transporting any hazardous  substance other than legally.  Borrowers and each of their
Subsidiaries have obtained all consents,  approvals  and  authorizations  of, made all
declarations or filings with, and given all notices to, all government  authorities that
are necessary to continue its business  as currently conducted.

5.8.
Subsidiaries; Investments.  No Borrower owns any stock, partnership interest or other
equity securities except for Permitted Investments.

5.9.
Tax Returns and Payments;  Pension  Contributions.  Each Borrower has timely filed all
required tax returns and reports,  and each Borrower has timely  paid all foreign,
federal,  state and local taxes,  assessments,  deposits and contributions owed by such
Borrower.  Borrowers may defer payment of any contested  taxes,  provided that  Borrowers
(a) in good faith contest its  obligation to pay the taxes by  appropriate  proceedings
promptly and  diligently  instituted and  conducted,  (b) notify Bank in writing of the
commencement of, and any material  development in, the proceedings,  (c) post bonds or
take any other steps required  to prevent the  governmental  authority  levying such
contested  taxes from obtaining a Lien upon any of the  Collateral  that is other than a
“Permitted  Lien”.  Except as noted in the Perfection  Certificate,  no
Borrower is aware of any claims or adjustments proposed for any of such Borrower’s
prior tax years which could  result in additional taxes becoming due and payable by such
Borrower.  Borrowers have paid all amounts  necessary to fund all present pension,
profit sharing and  deferred  compensation  plans in  accordance  with their  terms,  and
no Borrower has  withdrawn  from  participation  in, and has  permitted  partial or
complete  termination  of, or permitted the  occurrence  of any other event with respect
to, any such plan which could  reasonably be expected to result in any liability of
Borrowers, including any liability to the Pension Benefit Guaranty Corporation or its
successors or any other governmental agency.

	LOAN AND SECURITY AGREEMENT 	Page 8 

 5.10.
Use of Proceeds.  Borrowers shall use the proceeds of the Credit Extensions solely as
working capital,  to purchase  Eligible  Equipment,  and to fund  its general business
requirements and not for personal, family, household or agricultural purposes.

5.11.
Full  Disclosure.  No written  representation,  warranty or other statement of Borrowers
in any certificate or written  statement given to Bank, as of  the date such
representations,  warranties,  or other  statements were made, taken together with all
such written  certificates  and written  statements given to  Bank,  contains any untrue
statement of a material fact or omits to state a material  fact  necessary to make the
statements  contained in the  certificates  or  statements  not  misleading  (it being
recognized  by Bank that the  projections  and  forecasts  provided by Borrowers  in good
faith and based upon  reasonable  assumptions are not viewed as facts and that actual
results during the period or periods  covered by such  projections and forecasts may
differ from the projected  or forecasted results).

6.
AFFIRMATIVE COVENANTS

Borrowers
shall do all of the following:

6.1.
Government  Compliance.  Maintain its and all its Subsidiaries’ legal existence and
good standing in their respective  jurisdictions of formation and  maintain
qualification  in each  jurisdiction  in which the failure to so qualify would
reasonably be expected to have a material  adverse  effect on Borrower’s  business
or operations.  Borrower shall comply, and have each Subsidiary comply, with all laws,
ordinances and regulations to which it is subject,  noncompliance  with which could have
a material adverse effect on Borrower’s business.

6.2.
Financial Statements, Reports, Certificates.

(a)
Deliver to Bank:  (i) as soon as  available,  but no later than  thirty (30) days after
the last day of each month,  a company  prepared  consolidated  balance sheet and income
statement  covering  Borrowers’ and each of its  Subsidiary’s  operations
during the period certified by a Responsible  Officer and in a  form  acceptable  to
Bank;  (ii) as soon as  available,  but no later than ninety (90) days after the
last day of  Borrowers’ fiscal year,  audited  consolidated  financial statements
prepared under GAAP,  consistently  applied,  together with an unqualified opinion on the
financial statements from an independent  certified  public  accounting firm acceptable
to Bank in its reasonable  discretion;  (iii) within five (5) days of delivery,
copies of all statements,  reports and notices  made  available to Borrowers’ security
holders or to any holders of  Subordinated  Debt;  (iv) in the event that any Borrower
becomes  subject to the reporting  requirements  under the  Securities  Exchange  Act of
1934,  as  amended,  within five (5) days of filing,  all reports on Form 10-K,  10-Q and
8-K filed with the  Securities  and Exchange  Commission  or a link thereto on  Borrowers’ or
another  website on the  Internet;  (v) a prompt report of any legal actions  pending or
threatened  against any  Borrower or any of its  Subsidiaries  that could  result in
damages or costs to any Borrower or any of its  Subsidiaries  of  Twenty-Five  Thousand
Dollars ($25,000) or more;  (vi) prompt notice of an event that materially and
adversely affects the value of the intellectual  property;  (vii) a prompt  report of any complaints
filed with the Texas Workforce  Commission (“TWC”) against any Borrower in the
aggregate of  $25,000 or more; and (viii) budgets,  sales  projections,
operating plans and other financial information reasonably requested by Bank.

(b)
Within  thirty (30) days after the last day of each  month,  deliver to Bank a duly
completed  Borrowing  Base  Certificate  signed by a  Responsible  Officer, with aged
listings of accounts receivable and accounts payable (by invoice date) and a listing of
earned but unbilled accounts receivable.

(c)
Within  thirty  (30) days after the last day of each  month,  deliver to Bank with the
monthly  financial  statements,  a duly  completed  Compliance  Certificate signed by a
Responsible Officer setting forth calculations showing compliance with the financial
covenants set forth in this Agreement.

(d)
Allow Bank to audit  Borrower’s  Collateral  at  Borrower’s  expense,  not to
exceed  $5,000 per audit,  and not to exceed one audit per each 12 month  period.

	LOAN AND SECURITY AGREEMENT 	Page 9 

6.3.
Inventory;  Returns.  Keep all Inventory in good and marketable  condition,  free from
material defects.  Returns and allowances between Borrowers and  its Account  Debtors
shall follow  Borrowers’ customary  practices as they exist at the Effective  Date.
Borrowers  must  promptly  notify Bank of all returns,  recoveries, disputes and claims
that involve more than Fifty Thousand Dollars ($50,000).

6.4.
Taxes;  Pensions.  Make, and cause each of its  Subsidiaries to make,  timely payment of
all foreign,  federal,  state, and local taxes or assessments  (other than taxes and
assessments  which  Borrower is contesting  pursuant to the terms of Section 5.9 hereof)
and shall deliver to Bank, on demand,  appropriate  certificates attesting to such
payments,  and pay all amounts necessary to fund all present pension,  profit sharing and
deferred compensation plans in accordance  with their terms.

6.5.
Insurance.  Keep its business and the Collateral  insured for risks and in amounts
standard for companies in Borrowers’ industry and location and as  Bank may
reasonably  request.  Insurance  policies shall be in a form, with companies,  and in
amounts that are satisfactory to Bank. All property  policies shall  have a lender’s
loss payable  endorsement  showing Bank as lender loss payee and waive  subrogation
against Bank, and all liability  policies shall show, or have  endorsements  showing,
Bank as an additional insured. All policies (or the loss payable and additional insured
endorsements) shall provide that the insurer must  give Bank at least twenty (20) days
notice before  canceling,  amending,  or declining to renew its policy.  At Bank’s
request,  Borrower shall deliver  certified  copies of policies  and  evidence of all
premium  payments.  Proceeds  payable  under any policy  shall,  at Bank’s  option,
be payable to Bank on account of the  Obligations.  If Borrowers  fail to obtain
insurance as required  under this  Section 6.5  or to pay any amount or furnish any
required proof of payment to third  persons and Bank,  Bank may make all or part of such
payment or obtain such  insurance  policies  required in this  Section  6.5,  and take
any action  under the  policies Bank deems prudent.

6.6.
Operating Accounts.

(a)
Maintain  its primary  depository  and  operating  accounts and  securities  accounts
with Bank and Bank’s  affiliates.  Borrower  will have all such  accounts
established and in operation at Bank within forty-five (45) days after the Effective Date.

(b)
In addition,  for each Collateral Account that any Borrower at any time maintains,
Borrower shall cause the applicable bank or financial  institution  (other than Bank) at
or with which any Collateral  Account is maintained to execute and deliver a Control
Agreement or other  appropriate  instrument with respect  to such Collateral  Account to
perfect Bank’s Lien in such  Collateral  Account in accordance with the terms
hereunder.  The provisions of the previous  sentence  shall not apply to deposit accounts
exclusively used for payroll,  payroll taxes and other employee wage and benefit payments
to or for the benefit of Borrowers’ employees and identified to Bank by Borrowers as
such.

6.7.
Financial  Covenants.  Borrowers  shall  maintain  at all  times,  to be  tested  as of
the last  day of each  month,  unless  otherwise  noted,  on a  consolidated basis with
respect to Borrowers and their Subsidiaries, without duplication:

(a)
      Adjusted Quick Ratio. A ratio of Quick Assets to Current  Liabilities plus the
non-current  amount of the  HealthMarkets  Debt, minus Deferred Revenue  of at least 1.10
to 1.0;  provided,  that upon Borrower  achieving for two (2) consecutive  fiscal
quarters a ratio of EBITDA,  minus the aggregate amount of cash  paid for taxes and minus
the amount of non-financed capital  expenditures,  in each case for each such fiscal
quarter, to Debt Service for such fiscal quarters of  at least 1.25 to 1.0, Current
Liabilities, for purposes of calculating the Adjusted Quick Ratio, will not include the
long-term Obligations.

(b)
      EBITDA.  Maintain,  measured as of the end of each month during the  following  periods
on a trailing  three (3) month  basis,  EBITDA of at least the  following:

	LOAN AND SECURITY AGREEMENT 	Page 10 

	 Period Ending 		 EBITDA
	 	 	 
	August 31, 2006 	 	
       Maximum loss of $600,000
    
	 	 	
      
    
	 September 30, 2006, October 31, 2006, and November 30, 2006 	 	
       Maximum loss of $400,000
    
	 	 	
      
    
	 December 31, 2006, January 31, 2007 and February 28, 2007 	 	
       Maximum loss of $250,000
    
	 	 	
      
    
	March 31, 2007, April 30, 2007, and May 31, 2007 	 	
       Maximum loss of $150,000
    
	 	 	
      
    
	 June 30, 2007 and each month thereafter 	 	
       Minimum EBITDA of $0.00
    

Notwithstanding
the  foregoing  EBITDA  covenant,  upon Borrower  achieving  for two (2)  consecutive
fiscal  quarters a ratio of EBITDA,  minus the  aggregate  amount of cash paid for taxes
and minus the amount of non-financed  capital  expenditures,  in each case for each such
fiscal quarter,  to Debt Service  for such fiscal quarters of at least 1.25 to 1.0, the
EBITDA covenant of this Section 6.7(b) shall terminate and shall be replaced with the
following:

 Debt
Service  Coverage  Ratio.  Measured as of the end of each month, a ratio of EBITDA,
minus the aggregate  amount of cash paid for taxes and minus  the amount of non-financed
capital  expenditures,  in each case for the three (3) consecutive  months then-ended,
to Debt Service,  calculated for the three (3)  consecutive months then-ended of at least
1.25 to 1.0.

6.8.
Protection and Registration of Intellectual  Property Rights.  Each Borrower shall: (a)
protect,  defend and maintain the validity and  enforceability  of its intellectual
property;  (b) promptly advise Bank in writing of material  infringements of its
intellectual  property;  and (c) not allow any intellectual  property  material to
Borrower’s  business to be abandoned,  forfeited or dedicated to the public  without
Bank’s  written  consent.  If any Borrower  decides to  register any copyrights or
mask works in the United States Copyright  Office,  such Borrower shall: (x) provide Bank
with at least fifteen (15) days prior written  notice of its intent to register  such
copyrights  or mask works  together with a copy of the  application  it intends to file
with the United  States  Copyright  Office (excluding  exhibits thereto);  (y) execute an
intellectual  property security agreement or such other documents as Bank may reasonably
request to maintain  the perfection and priority of Bank’s security  interest in the
copyrights or mask works intended to be registered with the United States  Copyright
Office;  and  (z) record such  intellectual  property  security  agreement  with the
United States  Copyright  Office  contemporaneously  with filing the copyright or mask
work  application(s)  with the United States  Copyright  Office.  Borrowers  shall
promptly  provide to Bank a copy of the  application(s)  filed with the United States
Copyright  Office  together with evidence of the recording of the  intellectual  property
security  agreement  necessary for Bank to maintain the  perfection and  priority of its
security  interest in such copyrights or mask works.  Borrowers shall provide written
notice to Bank of any application  filed by Borrowers in the  United States Patent and
Trademark Office for a patent or to register a trademark or service mark within 30 days
after any such filing.

6.9.
Litigation  Cooperation.  From the date hereof and continuing  through the termination of
this Agreement,  make available to Bank,  without expense to  Bank,  each Borrower and
its officers,  employees  and agents and  Borrower’s  books and records,  to the
extent that Bank may deem them  reasonably  necessary to  prosecute or defend any
third-party suit or proceeding instituted by or against Bank with respect to any
Collateral or relating to Borrower.

6.10.
Further  Assurances.  Borrowers  shall execute any further  instruments  and take further
action as Bank  reasonably  requests to perfect or continue  Bank’s Lien in the
Collateral or to effect the purposes of this Agreement.

7.  NEGATIVE
COVENANTS

No
Borrower shall do any of the following without Bank’s prior written consent:

	LOAN AND SECURITY AGREEMENT 	Page 11 

7.1.
Dispositions.  Convey, sell, lease, transfer or otherwise dispose of (collectively,
“Transfer”),  or permit any of its Subsidiaries to Transfer,  all  or any part
of its business or property,  except for Transfers  (a) of  Inventory in the
ordinary course of business;  (b) of worn-out or obsolete  Equipment that  does not
constitute Financed Equipment; and (c) in connection with Permitted Liens and Permitted
Investments.

7.2.
Changes in Business,  Management,  Ownership,  or Business Locations.  (a) Engage in
or permit any of its Subsidiaries to engage in any business other  than the  businesses
currently  engaged in by Borrowers  and such  Subsidiary,  as  applicable,  or reasonably
related  thereto;  (b) liquidate or dissolve;  or  (c) (i) have a change in
Chief  Executive  Officer  without  Borrower’s  board of directors  naming a
replacement  within ninety (90) days, or (ii) enter into any  transaction or series of
related  transactions in which the equityholders of Borrowers who were not equityholders
immediately prior to the first such transaction  own more than 10% of the equity of
Borrowers  immediately after giving effect to such transaction or related series of such
transactions  (other than by the sale  of Borrowers’ equity  securities in a public
offering or to private equity investors so long as Borrowers  identify to Bank the
private equity investors prior to  the  closing of the  transaction).  No  Borrower
shall,  without at least  thirty  (30) days prior  written  notice to Bank:  (1) add
any new offices or business  locations,  including  warehouses  (unless such new offices
or business  locations  contain  less than Ten Thousand  Dollars  ($10,000)  in  Borrower’s
assets or  property),  (2) change its  jurisdiction  of  organization,  (3) change
its  organizational  structure  or type,  (4) change its legal name,  or  (5) change
any  organizational number (if any) assigned by its jurisdiction of organization.

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.  A Subsidiary may merge or consolidate  into another Subsidiary or into
Borrowers.

7.4.
Indebtedness.  Create, incur, assume, or be liable for any Indebtedness, or permit any
Subsidiary to do so, other than Permitted Indebtedness.

7.5.
Encumbrance.  Create,  incur,  or allow any Lien on any of its property,  or assign or
convey any right to receive  income,  including the sale of any  Accounts,  or permit any
of its  Subsidiaries  to do so,  except for Permitted  Liens,  permit any  Collateral
not to be subject to the first  priority  security  interest granted herein.

7.6.
Maintenance of Collateral Accounts.  Maintain any Collateral Account except pursuant to
the terms of Section 6.6.(b) hereof.

7.7.
Investments;  Distributions.  (a) Directly or indirectly make any Investment  other than
Permitted  Investments,  or permit any of its Subsidiaries to  do so; or (b) pay any
dividends or make any distribution or payment or redeem, retire or purchase any capital
stock. 

7.8.
Transactions  with  Affiliates.  Directly or  indirectly  enter into or permit to exist
any material  transaction  with any Affiliate of any Borrower,  except for transactions
that are in the ordinary course of such Borrower’s  business,  upon fair and
reasonable terms that are no less favorable to such Borrower  than would be obtained in
an arm’s length transaction with a non-affiliated Person.

7.9.
Subordinated  Debt. (a) Make or permit any payment on any Subordinated  Debt,  except
under the terms of the  subordination,  intercreditor,  or other  similar agreement to
which such  Subordinated  Debt is subject,  or (b) amend any provision in any
document relating to the Subordinated Debt which would increase  the amount thereof or
adversely affect the subordination thereof to Obligations owed to Bank.

7.10.
Compliance.  Become an  “investment  company” or a company  controlled  by an
“investment  company”,  under the  Investment  Company  Act of 1940 or
undertake as one of its  important  activities  extending  credit to purchase or carry
margin stock (as defined in  Regulation U of the Board of Governors of the  Federal
Reserve  System),  or use the proceeds of any Credit  Extension  for that  purpose;  fail
to meet the minimum  funding  requirements  of ERISA,  permit a  Reportable Event or
Prohibited  Transaction,  as defined in ERISA, to occur;  fail to comply with the Federal
Fair Labor Standards Act or violate any other law or  regulation,  if the violation 

	LOAN AND SECURITY AGREEMENT 	Page 12 

could
  reasonably be expected to have a material adverse effect on Borrowers’ business,  or
  permit any of its Subsidiaries to do so;  withdraw or permit any Subsidiary to withdraw
  from  participation in, permit partial or complete  termination of, or permit the
  occurrence of any other event with  respect to, any present  pension,  profit  sharing
  and deferred  compensation  plan which could  reasonably  be expected to result in any
  liability of Borrowers,  including any liability to the Pension Benefit Guaranty
  Corporation or its successors or any other governmental agency.

8.  EVENTS
OF DEFAULT

Any
one of the following shall constitute an event of default (an “Event of Default”)
under this Agreement:

8.1.
Payment  Default.  Borrowers  fail to (a) make  any payment of principal  or
interest on any Credit  Extension  on its due date,  or (b) pay any other
Obligations  within three (3) Business Days after such  Obligations  are due and payable.
During the cure period,  the failure to cure the payment default is not  an Event of
Default (but no Credit Extension will be made during the cure period);

8.2.
Covenant Default.

(a)
Borrowers fail or neglect to perform any  obligation in Sections 6.2, 6.8 (Subject to
Section 8.12),  6.9, or violates any covenant in  Section 7; or

(b)
Borrowers fail or neglect to perform, keep, or observe any other term, provision,
condition,  covenant or agreement contained in this  Agreement,  any Loan Documents,  and
as to any default (other than those  specified in this Section 8) under such other term,
provision,  condition,  covenant or  agreement that can be cured, has failed to cure the
default within ten (10) days after the occurrence thereof;  provided,  however,  that if
the default cannot by  its nature be cured within the ten (10) day period or cannot after
diligent  attempts by Borrowers be cured within such ten (10) day period,  and such
default is  likely to be cured within a reasonable  time, then Borrowers  shall have an
additional  period (which shall not in any case exceed thirty (30) days) to attempt to
cure such  default,  and within such  reasonable  time period the failure to cure the
default  shall not be deemed an Event of Default  (but no Credit  Extensions  shall be
made during such cure  period).  Grace periods  provided  under this section shall not
apply,  among other  things,  to financial  covenants or any other  covenants set forth
in subsection (a) above;

8.3.
Material Adverse Change.  A Material Adverse Change occurs;

8.4.
Attachment.  (a) Any material portion of any Borrower’s assets is attached,  seized,
levied on, or comes into possession of a trustee or receiver and  the  attachment,
seizure or levy is not removed in ten (10) days;  (b) the  service of process upon
Bank seeking to attach,  by trustee or similar  process,  any  funds of Borrowers or of
any entity  under  control of Borrowers  (including a  Subsidiary)  on deposit with Bank;
(c) any Borrower is enjoined,  restrained,  or  prevented by court order from conducting
a material part of its business;  (d) a judgment or other claim in excess of Fifty
Thousand Dollars  ($50,000)  becomes a  Lien on any of Borrowers’ assets;  or (e) a
notice of lien, levy, or assessment is filed against any of Borrowers’ assets by any
government  agency and not paid  within ten (10) days after any Borrower  receives
notice.  These are not Events of Default if stayed or if a bond is posted pending
contest by Borrowers (but no  Credit Extensions shall be made during the cure period);

8.5.
Insolvency.  Any  Borrower is unable to pay its debts  (including  trade debts) as they
become due or otherwise  becomes  insolvent;  (b) any Borrower  begins an  Insolvency
Proceeding;  or (c) an  Insolvency  Proceeding  is begun  against any Borrower and not
dismissed or stayed within thirty (30) days (but no  Credit Extensions shall be made
while of any of the conditions described in clause (a) exist and/or until any Insolvency
Proceeding is dismissed);

8.6.
Other  Agreements.  There is a default in any agreement to which any Borrower or any
Guarantor is a party with a third party or parties  resulting in  a right by such third
party or parties,  whether or not  exercised,  to  accelerate  the  maturity of any
Indebtedness  in an amount in excess of Fifty  Thousand  Dollars ($50,000) or that could
have a material adverse effect on Borrowers’ or any Guarantor’s business;

	LOAN AND SECURITY AGREEMENT 	Page 13 

8.7.
Judgments.  A judgment or judgments  for the payment of money in an amount,  individually
or in the  aggregate,  of at least Fifty  Thousand  Dollars  ($50,000) (not covered by
independent  third-party  insurance)  shall be rendered  against any Borrower and shall
remain  unsatisfied and unstayed for a period of  ten (10) days after the entry thereof
(provided that no Credit Extensions will be made prior to the satisfaction or stay of
such judgment);

8.8.
Misrepresentations.  Borrowers  or any Person  acting  for  Borrowers  make any
representation,  warranty,  or other  statement  now or later in this  Agreement,  any
Loan  Document or in any writing  delivered  to Bank or to induce Bank to enter this
Agreement  or any Loan  Document,  and such  representation,  warranty, or other
statement is incorrect in any material respect when made;

8.9.
TWC. If a  preliminary  order is issued by the Texas  Workforce  Commission  against any
Borrower  for an  aggregate  amount of at least  Twenty-Five  Thousand Dollars ($25,000);

8.10.
Subordinated Debt.  A default or breach occurs under any agreement between any Borrower
and any creditor of such Borrower that signed a  subordination, intercreditor, or other
similar agreement with Bank, or any creditor that has signed such an agreement with Bank
breaches any terms of such  agreement; or

9.  BANK’S
RIGHTS AND REMEDIES

9.1.
Rights and Remedies.  While an Event of Default occurs and continues Bank may, without
notice or demand, do any or all of the following:

(a)
declare all Obligations  immediately  due and payable (but if an Event of Default
described in Section 8.5 occurs all Obligations are immediately due  and payable without
any action by Bank);

(b)
stop advancing money or extending credit for Borrowers’ benefit under this Agreement
or under any other agreement between any Borrower and Bank;

(c)
demand  that  Borrower  (i)  deposits  cash with Bank in an amount  equal to the
aggregate  amount of any  Letters of Credit  remaining  undrawn,  as  collateral
security for the repayment of any future drawings under such Letters of Credit,  and
Borrowers shall forthwith deposit and pay such amounts,  and (ii)  pay in advance all
Letter of Credit fees scheduled to be paid or payable over the remaining term of any
Letters of Credit;

(d)
terminate any FX Contracts;

(e)
settle or adjust  disputes and claims directly with Account  Debtors for amounts on terms
and in any order that Bank considers  advisable,  notify any  Person owing any Borrower
money of Bank’s security interest in such funds, and verify the amount of such
account;

(f)
make any payments and do any acts it considers  necessary or  reasonable to protect the
Collateral  and/or its security  interest in the  Collateral.  Borrowers  shall  assemble
the  Collateral if Bank requests and make it available as Bank  designates.  Bank may
enter  premises  where the Collateral is located,  take and maintain  possession of any
part of the  Collateral,  and pay,  purchase,  contest,  or compromise  any Lien which
appears to be prior or superior to its  security  interest and pay all expenses
incurred.  Borrowers  grant Bank a license to enter and occupy any of its premises,
without  charge,  to exercise any of  Bank’s rights or remedies;

(g)
apply to the  Obligations  any (i) balances  and deposits of any Borrower it holds,  or
(ii) any amount held by Bank owing to or for the credit or the  account of any Borrower;

(h)
ship, reclaim,  recover,  store, finish,  maintain,  repair,  prepare for sale, advertise
for sale, and sell the Collateral.  Bank is hereby granted a  non-exclusive,
royalty-free license or other right to use, without charge, Borrowers’ labels,
patents,  copyrights,  mask works, rights of use of any name, trade  secrets, trade
names,  trademarks,  service marks, and advertising matter, or any similar property as it
pertains to the Collateral,  in completing production of,  advertising for sale, and
selling any Collateral and, in connection  with Bank’s exercise of its rights under
this Section,  Borrowers’ rights under all licenses  and all franchise agreements
inure to Bank’s benefit;

	LOAN AND SECURITY AGREEMENT 	Page 14

(i)
place a “hold” on any account  maintained  with Bank and/or deliver a notice of
exclusive  control,  any  entitlement  order,  or other  directions or  instructions
pursuant to any Control Agreement or similar agreements providing control of any
Collateral;

(j)
demand and receive possession of Borrowers’ Books; and

(k)
exercise  all rights and remedies  available to Bank under the Loan  Documents or at law
or equity,  including  all remedies  provided  under the Code  (including disposal of the
Collateral pursuant to the terms thereof).

9.2.
Power of Attorney. Borrowers hereby irrevocably appoint Bank as their lawful
attorney-in-fact, exercisable upon the occurrence and during the continuance of an
Event of Default, to: (a) endorse any Borrower’s name on any checks or other
forms of payment or security; (b) sign any Borrower’s name on any invoice or
bill of lading for any Account or drafts against Account Debtors; (c) settle and
adjust disputes and claims about the Accounts directly with Account Debtors, for
amounts and on terms Bank determines reasonable; (d) make, settle, and adjust all
claims under Borrowers’ insurance policies; (e) pay, contest or settle any Lien,
charge, encumbrance, security interest, and adverse claim in or to the Collateral, or
any judgment based thereon, or otherwise take any action to terminate or discharge the
same; and (f) transfer the Collateral into the name of Bank or a third party as the
Code permits. Borrowers hereby appoint Bank as their lawful attorney-in-fact to
sign any Borrower’s name on any documents necessary to perfect or continue the
perfection of any security interest regardless of whether an Event of Default has
occurred until all Obligations have been satisfied in full and Bank is under no
further obligation to make Credit Extensions hereunder. Bank’s foregoing
appointment as Borrowers’ attorney in fact, and all of Bank’s rights and
powers, coupled with an interest, are irrevocable until all Obligations have been fully
repaid and performed and Bank’s obligation to provide Credit Extensions terminates.

9.3.
Accounts Verification; Collection. Whether or not an Event of Default has occurred and
is continuing, Bank may notify any Person owing any Borrower money of Bank’s
security interest in such funds and verify the amount of such account. After the
occurrence of an Event of Default, any amounts received by any Borrower shall be held
in trust by such Borrower for Bank, and, if requested by Bank, such Borrower shall
immediately deliver such receipts to Bank in the form received from the Account Debtor,
with proper endorsements for deposit.

9.4.
Protective Payments. If Borrowers fail to obtain the insurance called for by
Section 6.5 or fail to pay any premium thereon or fails to pay any other amount which
any Borrower is obligated to pay under this Agreement or any other Loan Document, Bank
may obtain such insurance or make such payment, and all amounts so paid by Bank are
Bank Expenses and immediately due and payable, bearing interest at the then
highest applicable rate, and secured by the Collateral. Bank will make reasonable
efforts to provide Borrowers with notice of Bank obtaining such insurance at the
time it is obtained or within a reasonable time thereafter. No payments by Bank are
deemed an agreement to make similar payments in the future or Bank’s waiver of any
Event of Default.

9.5.
Application of Payments and Proceeds. Unless an Event of Default has occurred and is
continuing, Bank shall apply any funds in its possession, whether from Borrowers
account balances, payments, or proceeds realized as the result of any collection of
Accounts or other disposition of the Collateral, first, to Bank Expenses, including
without limitation, the reasonable costs, expenses, liabilities, obligations and
attorneys’ fees incurred by Bank in the exercise of its rights under this
Agreement; second, to the interest due upon any of the Obligations; and third, to
the principal of the Obligations and any applicable fees and other charges, in such
order as Bank shall determine in its sole discretion. Any surplus shall be paid to
Borrowers or other Persons legally entitled thereto; Borrowers shall remain liable
to Bank for any deficiency. If an Event of Default has occurred and is continuing, Bank
may apply any funds in its possession, whether from Borrower account balances,
payments, proceeds realized as the result of any collection of Accounts or other
disposition of the Collateral, or otherwise, to the Obligations in such order as
Bank shall determine in its sole discretion. Any surplus shall be paid to Borrowers or
to other Persons legally entitled thereto; Borrowers shall remain liable to Bank for
any deficiency. If Bank, in its good faith business judgment, directly or indirectly
enters into a deferred payment or other credit transaction with any purchaser at any
sale of Collateral, Bank shall have the option, exercisable at any time, of either
reducing the Obligations by the principal amount of the purchase price or deferring
the reduction of the Obligations
until the actual  receipt by Bank of cash therefor.

	LOAN AND SECURITY AGREEMENT 	Page 15 

9.6.
Bank’s Liability for Collateral. So long as Bank complies with reasonable
banking practices regarding the safekeeping of the Collateral in the possession or
under the control of Bank, Bank shall not be liable or responsible for: (a) the
safekeeping of the Collateral; (b) any loss or damage to the Collateral; (c) any
diminution in the value of the Collateral; or (d) any act or default of any carrier,
warehouseman, bailee, or other Person. Borrowers bear all risk of loss, damage or
destruction of the Collateral.

9.7.
No Waiver; Remedies Cumulative. Bank’s failure, at any time or times, to
require strict performance by any Borrower of any provision of this Agreement or any
other Loan Document shall not waive, affect, or diminish any right of Bank thereafter
to demand strict performance and compliance herewith or therewith. No waiver
hereunder shall be effective unless signed by Bank and then is only effective for
the specific instance and purpose for which it is given. Bank’s rights and
remedies under this Agreement and the other Loan Documents are cumulative. Bank has
all rights and remedies provided under the Code, by law, or in equity. Bank’s
exercise of one right or remedy is not an election, and Bank’s waiver of any Event
of Default is not a continuing waiver. Bank’s delay in exercising any remedy is
not a waiver, election, or acquiescence.

9.8.
Demand Waiver. Borrowers waive demand, notice of default or dishonor, notice of
payment and nonpayment, notice of any default, nonpayment at maturity, release,
compromise, settlement, extension, or renewal of accounts, documents, instruments,
chattel paper, and guarantees held by Bank on which any Borrower is liable.

10.  NOTICES
AND WAIVERS

10.1.
Notices. All notices, consents, requests, approvals, demands, or other communication
(collectively, “Communication”) by any party to this Agreement or any other
Loan Document must be in writing and shall be deemed to have been validly served,
given, or delivered: (a) upon the earlier of actual receipt and three (3) Business
Days after deposit in the U.S. mail, first class, registered or certified mail return
receipt requested, with proper postage prepaid; (b) upon transmission, when sent
by electronic mail or facsimile transmission; (c) one (1) Business Day after deposit
with a reputable overnight courier with all charges prepaid; or (d) when delivered,
if hand-delivered by messenger, all of which shall be addressed to the party to be
notified and sent to the address, facsimile number, or email address indicated
below. Bank or Borrowers may change its address or facsimile number by giving the other
party written notice thereof in accordance with the terms of this Section 10.

	 	If
      to Borrowers:	Healthaxis,
      Inc. 

      7301 State Highway 161, Suite 300

      Irving, Texas 75039 

      Attn: Chief Financial Officer 

      Fax: (972) 443-5004
	 	 	 
	 	 	Healthaxis,
      Ltd. 

      7301 State Highway 161, Suite 300 

      Irving, Texas 75039 

      Attn: Chief Financial Officer 

      Fax: (972) 443-5004
	 	 	 
	 	 	Healthaxis
      Imaging Services, LLC 

      7301 State Highway 161, Suite 300

      Irving, Texas 75039 

      Attn: Chief Financial Officer 

      Fax: (972) 443-5004 

      

	LOAN AND SECURITY AGREEMENT 	Page 16

	 	If
      to Bank:	Silicon
      Valley Bank 

      14185 North Dallas Parkway, Suite 780 

      Dallas, TX 75254 

      Attn: Robert Sureck 

      Fax: 972-387-0782

10.2.
Subrogation and Similar Rights. Notwithstanding any other provision of this
Agreement or any other document related to this Agreement, until payment to Bank in
full and performance of all Obligations, each Borrower irrevocably waives all rights
that it may have at law or in equity (including, without limitation, any law
subrogating the Borrower to the rights of Bank under this Agreement) to seek
contribution, indemnification, or any other form of reimbursement from any other
Borrower, or any other entity now or hereafter primarily or secondarily liable for any
of the Obligations, for any payment made by the Borrower with respect to the
Obligations in connection with this Agreement or otherwise and all rights that it might
have to benefit from, or to participate in, any security for the Obligations as a
result of any payment made by the Borrower with respect to the Obligations in
connection with this Agreement or otherwise. Any agreement providing for
indemnification, reimbursement or any other arrangement prohibited under this Section
10.2 shall be null and void. If any payment is made to a Borrower in contravention of
this Section 10.2, such Borrower shall hold such payment in trust for Bank and such
payment shall be promptly delivered to Bank for application to the Obligations, whether
matured or unmatured.

10.3.
Waivers of Notice. Each Borrower waives notice of acceptance hereof; notice of the
existence, creation or acquisition of any of the Obligations; notice of an Event of
Default; notice of the amount of the Obligations outstanding at any time; notice of
intent to accelerate; notice of acceleration; notice of any adverse change in the
financial condition of any other Borrower or of any other fact that might increase the
Borrowers’ risk; presentment for payment; demand; protest and notice thereof as
to any instrument; default; and all other notices and demands to which the Borrower
would otherwise be entitled. Each Borrower waives any defense arising from any
defense of any other Borrower, or by reason of the cessation from any cause
whatsoever of the liability of any other Borrower. Bank’s failure at any time to
require strict performance by any Borrower of any provision of this Agreement shall not
waive, alter or diminish any right of Bank thereafter to demand strict compliance and
performance therewith. Nothing contained herein shall prevent Bank from foreclosing on
the lien of any deed of trust, mortgage or other security instrument, or exercising
any rights available thereunder, and the exercise of any such rights shall not
constitute a legal or equitable discharge of any Borrower. Each Borrower also
waives any defense arising from any act or omission of Bank that changes the scope of
the Borrowers’ risks hereunder. Each Borrower hereby waives any right to assert
against Bank any defense (legal or equitable), setoff, counterclaim, or claims that
such Borrower individually may now or hereafter have against another Borrower or
any other entity liable to Borrower with respect to the Obligations in any manner or
whatsoever until the Obligations are paid in full to Bank.

10.4.
Subrogation Defenses. Each Borrower waives the benefits, if any, of any statutory
or common law rule that may permit a borrower to assert any defenses of a surety or
guarantor, or that may give a borrower the right to require a senior creditor to
marshal assets, and Borrower agrees that it shall not assert any such defenses or
rights.

10.5.
Right to Settle, Release.

(a)
The liability of Borrower  hereunder shall not be diminished by (i) any agreement,
understanding or representation  that any of the Obligations is or  was to be guaranteed
by another entity or secured by other property,  or (ii) any release or unenforceability,
whether partial or total, or rights, if any, which  Borrower may now or hereafter have
against any other entity, including another Borrower, or property with respect to any of
the Obligations.

(b)
Without notice to any Borrower and without  affecting the liability of any Borrower
hereunder,  Bank may (i) compromise,  settle,  renew,  extend the  time for payment,
change the manner or terms of payment,  discharge the performance of, decline to enforce,
or release all or any of the Obligations with respect  to a Borrower,  (ii) grant other
indulgences to a Borrower in respect of the Obligations,  (iii) modify in any manner any
documents,  relating to the Obligations  with respect to a Borrower,  (iv) release,
surrender or exchange

	LOAN AND SECURITY AGREEMENT 	Page 17

any deposits or
other property  securing the  Obligations,  whether  pledged by a Borrower or any  other
entity,  or (v)  compromise,  settle  renew,  or  extend the time for payment,  discharge
the  performance  of,  decline to enforce,  or  release all or any  obligations of any
guarantor, endorser or other entity who is now or  may hereafter be liable with respect
to any of the Obligations.

11.  CHOICE
OF LAW, VENUE AND JURY TRIAL WAIVER

Texas
law governs the Loan Documents  without regard to principles of conflicts of law.
Borrowers and Bank each submit to the exclusive  jurisdiction  of the State and Federal
courts in Texas;  provided,  however,  that nothing in this  Agreement  shall be deemed
to operate to preclude Bank from bringing suit or  taking other legal action in any other
jurisdiction  to realize on the  Collateral or any other security for the  Obligations,
or to enforce a judgment or other  court order in favor of Bank.  Borrowers  expressly
submit and consent in advance to such  jurisdiction  in any action or suit  commenced in
any such court,  and  Borrowers hereby waive any objection that they may have based upon
lack of personal  jurisdiction,  improper venue, or forum non conveniens and hereby
consents to  the granting of such legal or equitable relief as is deemed  appropriate by
such court.  Borrowers hereby waive personal service of the summons,  complaints,  and
other process  issued in such action or suit and agree that service of such  summons,
complaints,  and other process may be made by registered or certified  mail  addressed to
Borrowers at the address set forth in Section 10 of this  Agreement and that service so
made shall be deemed  completed  upon the earlier to occur of  any Borrower’s actual
receipt thereof or three (3) days after deposit in the U.S. mails, proper postage prepaid.

BORROWERS
AND BANK EACH WAIVE THEIR RIGHT TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION ARISING
OUT OF OR BASED UPON THIS  AGREEMENT,  THE LOAN DOCUMENTS OR ANY  CONTEMPLATED
TRANSACTION,  INCLUDING  CONTRACT,  TORT, BREACH OF DUTY AND ALL OTHER CLAIMS.  THIS
WAIVER IS A MATERIAL  INDUCEMENT FOR BOTH PARTIES TO ENTER INTO  THIS AGREEMENT.  EACH
PARTY HAS REVIEWED THIS WAIVER WITH ITS COUNSEL AND, BY ITS EXECUTION OF THIS AGREEMENT
CONFIRMS THAT IT KNOWINGLY AND  VOLUNTARILY  WAIVES  ITS JURY TRIAL RIGHTS FOLLOWING
CONSULTATION WITH COUNSEL.

12.  GENERAL
PROVISIONS

12.1.
Successors and Assigns. This Agreement binds and is for the benefit of the successors
and permitted assigns of each party. No Borrower may assign this Agreement or any
rights or obligations under it without Bank’s prior written consent (which may be
granted or withheld in Bank’s discretion). Bank has the right, without the
consent of or notice to Borrowers, to sell, transfer, negotiate, or grant
participation in all or any part of, or any interest in, Bank’s obligations,
rights, and benefits under this Agreement and the other Loan Documents.

12.2.
Indemnification. BORROWERS WILL INDEMNIFY, DEFEND AND HOLD HARMLESS BANK AND ITS
OFFICERS, EMPLOYEES AND AGENTS AGAINST: (A) ALL OBLIGATIONS, DEMANDS, CLAIMS, AND
LIABILITIES ASSERTED BY ANY OTHER PARTY IN CONNECTION WITH THE TRANSACTIONS CONTEMPLATED
BY THE LOAN DOCUMENTS; AND (B) ALL LOSSES OR BANK EXPENSES INCURRED, OR PAID BY BANK
FROM, FOLLOWING, OR CONSEQUENTIAL TO TRANSACTIONS BETWEEN BANK AND BORROWERS
(INCLUDING REASONABLE ATTORNEYS’ FEES AND EXPENSES), EXCEPT FOR LOSSES CAUSED
BY BANK’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT. THE FOREGOING INDEMNITY
BINDS BORROWERS TO INDEMNIFY BANK AND ITS OFFICERS, EMPLOYEES AND AGENTS FOR ITS OWN
NEGLIGENCE (WHETHER SOLE, COMPARATIVE, CONTRIBUTORY OR OTHERWISE, BUT NOT GROSS
NEGLIGENCE OR WILLFUL MISCONDUCT) AND THAT OF ITS OFFICERS, EMPLOYEES, AGENTS AND
CONTRACTORS, AS WELL AS ANY LIABILITY ARISING BY VIRTUE OF ANY SUCH PERSON’S STRICT
LIABILITY.

12.3.
Limitation of Actions. Any claim or cause of action by Borrowers against Bank, its
directors, officers, employees, agents, accountants, attorneys, or any other Person
affiliated with or representing Bank based upon, arising from, or relating to this Loan
Agreement or any other Loan Document, or any other transaction contemplated hereby or
thereby or relating hereto or thereto, or any other matter, cause or thing whatsoever,
occurred, done, omitted or suffered to be done by Bank, its directors, officers,
employees, agents, accountants or

	LOAN AND SECURITY AGREEMENT 	Page 18

attorneys,
shall be barred unless asserted by  Borrowers by the commencement of an action or
proceeding in a court of competent  jurisdiction by (a) the filing of a complaint within
one year from the earlier of  (i) the date any of any Borrower’s officers or
directors had knowledge of the  first act, the occurrence or omission upon which such
claim or cause of action, or any  part thereof, is based, or (ii) the date this Agreement
is terminated, and (b) the  service of a summons and complaint on an officer of Bank, or
on any other person  authorized to accept service on behalf of Bank, within thirty (30)
days thereafter.  Borrowers agree that such one-year period is a reasonable and
sufficient time for  Borrowers to investigate and act upon any such claim or cause of
action. The one-year  period provided herein shall not be waived, tolled, or extended
except by the written  consent of Bank in its sole discretion. This provision shall
survive any termination of  this Loan Agreement or any other Loan Document.

12.4.
Time of Essence. Time is of the essence for the performance of all Obligations in this
Agreement.

12.5.
Severability of Provisions. Each provision of this Agreement is severable from every
other provision in determining the enforceability of any provision.

12.6.
Amendments in Writing; Integration. All amendments to this Agreement must be in
writing signed by Bank and Borrowers. This Agreement and the Loan Documents represent
the entire agreement about this subject matter and supersede prior negotiations or
agreements. All prior agreements, understandings, representations, warranties, and
negotiations between the parties about the subject matter of this Agreement and the Loan
Documents merge into this Agreement and the Loan Documents.

12.7.
Counterparts. This Agreement may be executed in any number of counterparts and by
different parties on separate counterparts, each of which, when executed and
delivered, are an original, and all taken together, constitute one Agreement.

12.8.
Survival. All covenants, representations and warranties made in this Agreement
continue in full force until this Agreement has terminated pursuant to its terms and
all Obligations (other than inchoate indemnity obligations and any other obligations
which, by their terms, are to survive the termination of this Agreement) have been
satisfied. The obligation of Borrowers in Section 12.2 to indemnify Bank shall survive
until the statute of limitations with respect to such claim or cause of action shall
have run.

12.9.
Confidentiality. In handling any confidential information, Bank shall exercise the
same degree of care that it exercises for its own proprietary information, but
disclosure of information may be made: (a) to Bank’s Subsidiaries or Affiliates;
(b) to prospective transferees or purchasers of any interest in the Credit Extensions
(provided, however, Bank shall use commercially reasonable efforts to obtain such
prospective transferee’s or purchaser’s agreement to the terms of this
provision); (c) as required by law, regulation, subpoena, or other order; (d) to
Bank’s regulators or as otherwise required in connection with Bank’s
examination or audit; and (e) as Bank considers appropriate in exercising remedies
under this Agreement. Confidential information does not include information that
either: (i) is in the public domain or in Bank’s possession when disclosed to
Bank, or becomes part of the public domain after disclosure to Bank; or (ii) is
disclosed to Bank by a third party, if Bank does not know that the third party is
prohibited from disclosing the information. Notwithstanding anything contained
herein to the contrary, the term “confidential information” shall not
include, and Bank may disclose without limitation of any kind, any information with
respect to the “tax treatment” and “tax structure” (in each case
within the meaning of Treasury Regulation Section 1.6011-4) of the transactions
contemplated hereby and all materials of any kind (including opinions or other tax
analysis) that are provided to Bank relating to such tax treatment or tax structure.

12.10.
Attorneys’ Fees, Costs and Expenses. In any action or proceeding between
Borrowers and Bank arising out of or relating to the Loan Documents, the prevailing
party shall be entitled to recover its reasonable attorneys’ fees and other costs
and expenses incurred, in addition to any other relief to which it may be entitled.

12.11.
Qualified Commercial Loan Certification. Borrowers hereby certify to Bank that:

(a)
Borrowers have been advised by Bank to seek the advice of an attorney and accountant in
connection with the loans evidenced by this Agreement;

	LOAN AND SECURITY AGREEMENT 	Page 19

(b)
Borrowers have had the  opportunity to seek the advice of an attorney and accountant of
Borrowers’ choice in connection  with the loans  evidenced by  this Agreement.

13.
DEFINITIONS

13.1.
Definitions. As used in this Agreement, the following terms have the following meanings:

“Account” is
any “account” as defined in the Code with such additions to such term as may
hereafter be made, and includes, without limitation, all accounts receivable and
other sums owing to Borrower.

“Account
Debtor” is any “account debtor” as defined in the Code with such additions
to such term as may hereafter be made.

“Advance” or “Advances” means an advance (or advances) under the Revolving Line.

“Affiliate” of
any Person is a Person that owns or controls directly or indirectly the Person, any
Person that controls or is controlled by or is under common control with the Person,
and each of that Person’s senior executive officers, directors, partners and, for
any Person that is a limited liability company, that Person’s managers and members.
“Agreement” is defined in the preamble hereof.

“Assignment
of Note” is that certain Assignment of Note to be executed by and between
Borrower and Bank upon the execution of the Implementation Note.

“Availability
Amount” is (a) the lesser of (i) the Revolving Line or (ii) the Borrowing Base
minus (b) the outstanding principal balance of any Advances (including any
amounts used for Other Services).

“Bank” is
defined in the preamble hereof.

“Bank
Expenses” are all audit fees and expenses, costs, and expenses (including
reasonable attorneys’ fees and expenses) for preparing, negotiating,
administering, defending and enforcing the Loan Documents (including, without
limitation, those incurred in connection with appeals or Insolvency Proceedings) or
otherwise incurred with respect to Borrower.

“Borrower” and “Borrowers” are defined in the preamble hereof

“Borrower’s
Books” are all Borrower’s books and records including ledgers, federal and
state tax returns, records regarding Borrower’s assets or liabilities, the
Collateral, business operations or financial condition, and all computer programs or
storage or any equipment containing such information.

“Borrowing
Base” is the sum of (a) eighty percent (80%) of Eligible Accounts, plus (b) the
lesser of (i) eighty percent (80%) of the value of Borrower’s earned but
unbilled Accounts or (ii) $500,000, plus (c) the lesser of (i) eighty percent (80%) of
the amount of all HealthMarkets Accounts, minus the subsequent month payment of the
HealthMarkets Debt and the amount of any account payable owed to HealthMarkets, or (ii)
$150,000, all as determined by Bank from Borrower’s most recent Borrowing Base
Certificate; provided, however, that Bank may lower the percentage of the Borrowing
Base after performing an audit of Borrower’s Collateral. Upon satisfaction of
the conditions contained in Section 3.5, the Borrowing Base shall also include the
lesser of (i) eighty percent (80%) of the balance of the Implementation Note or (ii)
$500,000. Notwithstanding the foregoing, upon Borrower achieving two (2) consecutive
fiscal quarters in which Borrower’s EBITDA exceeds $1.00 for each such quarter,
(x) the amount set forth above in clause (b)(ii) shall automatically be increased from
$500,000 to $1,000,000, and (y) the amount in clause (c)(ii) shall be deleted.

“Borrowing
Base Certificate” is that certain certificate in the form attached hereto as Exhibit
D.

	LOAN AND SECURITY AGREEMENT 	Page 20 

“Borrowing
Resolutions” are, with respect to any Person, those resolutions substantially in the
form attached hereto as Exhibits E-1, E-2 and E-3.

“Business
Day” is any day that is not a Saturday, Sunday or a day on which Bank is closed.

“Cash
Equivalents” means (a) marketable direct obligations issued or
unconditionally guaranteed by the United States or any agency or any State thereof
having maturities of not more than one (1) year from the date of acquisition; (b) commercial
paper maturing no more than one (1) year after its creation and having the highest
rating from either Standard & Poor’s Ratings Group or Moody’s Investors
Service, Inc., (c) Bank’s certificates of deposit issued maturing no more than
one (1) year after issue.

“Implementation
Note” is that certain promissory note to be executed in October 2006 by a specific
customer as disclosed to, and approved by, Bank and payable to the borrower.

“Code” is
the Uniform Commercial Code, as the same may, from time to time, be enacted and in
effect in the State of Texas; provided, that, to the extent that the Code is used to
define any term herein or in any Loan Document and such term is defined differently in
different Articles or Divisions of the Code, the definition of such term contained in
Article or Division 9 shall govern; provided further, that in the event that, by
reason of mandatory provisions of law, any or all of the attachment, perfection, or
priority of, or remedies with respect to, Bank’s Lien on any Collateral is
governed by the Uniform Commercial Code in effect in a jurisdiction other than the
State of Texas, the term “Code” shall mean the Uniform Commercial Code as
enacted and in effect in such other jurisdiction solely for purposes on the
provisions thereof relating to such attachment, perfection, priority, or remedies
and for purposes of definitions relating to such provisions.

“Collateral” is
any and all properties, rights and assets of Borrower described on Exhibit A.

“Collateral
Account” is any Deposit Account, Securities Account, or Commodity Account.

“Commodity
Account” is any “commodity account” as defined in the Code with such
additions to such term as may hereafter be made.

“Communication” is
defined in Section 10.

“Compliance
Certificate” is that certain certificate in the form attached hereto as Exhibit F.

“Contingent
Obligation” is, for any Person, any direct or indirect liability, contingent or
not, of that Person for (a) any indebtedness, lease, dividend, letter of credit or
other obligation of another such as an obligation directly or indirectly guaranteed,
endorsed, co-made, discounted or sold with recourse by that Person, or for which that
Person is directly or indirectly liable; (b) any obligations for undrawn letters of
credit for the account of that Person; and (c) all obligations from any interest
rate, currency or commodity swap agreement, interest rate cap or collar agreement,
or other agreement or arrangement designated to protect a Person against fluctuation in
interest rates, currency exchange rates or commodity prices; but “Contingent
Obligation” does not include endorsements in the ordinary course of business. The
amount of a Contingent Obligation is the stated or determined amount of the primary
obligation for which the Contingent Obligation is made or, if not determinable, the
maximum reasonably anticipated liability for it determined by the Person in good faith;
but the amount may not exceed the maximum of the obligations under any guarantee or other
support arrangement.

“Control
Agreement” is any control agreement entered into among the depository institution
at which Borrower maintains a Deposit Account or the securities intermediary or
commodity intermediary at which Borrower maintains a Securities Account or a Commodity
account, Borrower, and Bank pursuant to which Bank obtains control (within the meaning
of the Code) over such Deposit Account, Securities Account, or Commodity Account.

“Credit
Extension” is any Advance, Equipment Advance, or any other extension of credit by
Bank for Borrower’s benefit.

	LOAN AND SECURITY AGREEMENT 	Page 21

“Current
Assets” are amounts that under GAAP should be included on that date as current
assets on Borrower’s consolidated balance sheet.

“Current
Liabilities” are all obligations and liabilities of Borrower to Bank, plus, without
duplication, the aggregate amount of Borrower’s Total Liabilities that mature
within one (1) year.

“Debt
Service” means, as of the last day of any period, principal and interest of
Indebtedness of Borrower and its Subsidiaries determined on a consolidated basis due
within such period.

“Default” means
any event which with notice or passage of time or both, would constitute an Event of
Default.

“Default
Rate” is defined in Section 2.3(b).

“Deferred
Revenue” is all amounts received or invoiced in advance of performance under
contracts and not yet recognized as revenue.

“Deposit
Account” is any “deposit account” as defined in the Code with such
additions to such term as may hereafter be made.

“Designated
Deposit Account” is Borrower’s deposit account, account number _____________,
maintained with Bank.

“Dollars,” “dollars” and “$” each mean lawful money of the United States.

“Draw
Period” is the period of time from the Effective Date through the earliest to occur
of (a) March 31, 2007, (b) an Event of Default, or (c) the existence of any
Default.

“EBITDA” shall
mean (a) Net Income, plus (b) Interest Expense, plus (c) to the extent deducted in
the calculation of Net Income, depreciation expense and amortization expense, plus
(d) income tax expense, minus (e) capitalized costs related to software development and
customer startup activities.

“Effective
Date” is the date Bank executes this Agreement and as indicated on the signature
page hereof.

“Eligible
Accounts” are Accounts which arise in the ordinary course of Borrower’s
business that meet all Borrower’s representations and warranties in Section 5.3.
Bank reserves the right at any time and from time to time after the Effective Date,
to adjust any of the criteria set forth below and to establish new criteria in its
good faith business judgment. Unless Bank agrees otherwise in writing, Eligible Accounts
shall not include:

(a)
Accounts that the Account Debtor has not paid within ninety (90) days of invoice date
other than Accounts that a specific  Account  Debtor  separately  disclosed to Bank,  has
not paid within one hundred  twenty (120) days from invoice date;  provided,  that
Accounts from that specific  Account  Debtor may not be  more than thirty (30) days past
due;

(b)
Accounts  owing from an Account  Debtor,  twenty-five  percent  (25%) or more of whose
Accounts have not been paid within ninety (90) days of invoice  date other than  Accounts
that a specific  Account  Debtor  separately  disclosed to Bank,  has not paid within one
hundred  twenty (120) days from invoice date;  provided, that Accounts from that specific
Account Debtor may not be more than thirty (30 days past due;

(c)
Credit balances over ninety (90) days from invoice date;

(d)
Accounts owing from an Account Debtor,  including  Affiliates,  whose total obligations
to Borrower exceed thirty-five (35%) of all Accounts,  for the  amounts that exceed that
percentage, unless Bank approves in writing;

	LOAN AND SECURITY AGREEMENT 	Page 22 

(e)
Accounts owing from an Account Debtor which does not have its principal place of business
in the United States;

(f)
Accounts owing from an Account Debtor which is a federal, state or local government
entity or any department, agency, or instrumentality thereof;

(g)
Accounts owing from an Account  Debtor to the extent that Borrower is indebted or
obligated in any manner to the Account Debtor (as creditor,  lessor,  supplier or
otherwise - sometimes  called  “contra” accounts,  accounts  payable,  customer
deposits or credit  accounts),  with the  exception of (i) customary  credits,
adjustments  and/or  discounts  given to an Account  Debtor by  Borrower  in the
ordinary  course of its  business,  and (ii) the  Accounts  owing from  HealthMarkets;

(h)
Accounts for demonstration or promotional  equipment,  or in which goods are consigned,
or sold on a “sale  guaranteed”,  “sale or return”,  “sale on
approval”, “bill and hold”, or other terms if Account Debtor’s
payment may be conditional;

(i)
Accounts for which the Account Debtor is Borrower’s Affiliate, officer, employee, or
agent;

(j)
Accounts in which the Account Debtor disputes  liability or makes any claim (but only up
to the disputed or claimed amount),  or if the Account Debtor  is subject to an
Insolvency Proceeding, or becomes insolvent, or goes out of business;

(k)
Accounts  owing from an Account  Debtor  with  respect to which  Borrower  has  received
deferred  revenue  (but only to the extent of such  deferred  revenue), except for
Accounts for which an invoice is delivered prior to services being rendered by Borrower
in an aggregate amount not to exceed $250,000;

(l)
Accounts for which Bank in its good faith business judgment determines collection to be
doubtful;

(m)
other Accounts Bank deems ineligible in the exercise of its good faith business judgment.

“Eligible
Equipment” is (a) general purpose computer equipment, office equipment, test
and laboratory equipment, furnishings, subject to the limitations set forth herein,
and (b) Other Equipment that complies with all of Borrower’s representations and
warranties to Bank and which is acceptable to Bank in all respects and in which Bank has
a first priority Lien.

“Equipment” is
all “equipment” as defined in the Code with such additions to such term as may
hereafter be made, and includes without limitation all machinery, fixtures, goods,
vehicles (including motor vehicles and trailers), and any interest in any of the
foregoing.

“Equipment
Advance” is defined in Section 2.1.3.

“Equipment
Line” is an Equipment Advance or Equipment Advances in an aggregate amount of up to
$750,000 outstanding at any time.

“Equipment
Maturity Date” is the earliest of (a) September 1, 2009 or (b) the occurrence of an
Event of Default.

“ERISA” is
the Employment Retirement Income Security Act of 1974, and its regulations.

“Event
of Default” is defined in Section 8.

“Event
of Loss” is defined in Section 2.1.3(c).

	LOAN AND SECURITY AGREEMENT 	Page 23 

“Financed
Equipment” is all present and future Eligible Equipment in which Borrower has
any interest, the purchase of which is financed by an Equipment Advance.

“Foreign
Currency” means lawful money of a country other than the United States.

“Funding
Date” is any date on which a Credit Extension is made to or on account of Borrower
which shall be a Business Day.

“FX
Business Day” is any day when (a) Bank’s Foreign Exchange Department is
conducting its normal business and (b) the Foreign Currency being purchased or sold
by Borrower is available to Bank from the entity from which Bank shall buy or sell such
Foreign Currency.

“FX
Forward Contract” is defined in Section 2.1.2(b).

“FX
Reserve” is defined in Section 2.1.2(b).

“GAAP” is
generally accepted accounting principles set forth in the opinions and pronouncements
of the Accounting Principles Board of the American Institute of Certified Public
Accountants and statements and pronouncements of the Financial Accounting Standards
Board or in such other statements by such other Person as may be approved by a
significant segment of the accounting profession, which are applicable to the
circumstances as of the date of determination.

“General
Intangibles” is all “general intangibles” as defined in the Code in
effect on the date hereof with such additions to such term as may hereafter be made,
and includes without limitation, all copyright rights, copyright applications,
copyright registrations and like protections in each work of authorship and derivative
work, whether published or unpublished, any patents, trademarks, service marks and, to
the extent permitted under applicable law, any applications therefor, whether
registered or not, any trade secret rights, including any rights to unpatented
inventions, payment intangibles, royalties, contract rights, goodwill, franchise
agreements, purchase orders, customer lists, route lists, telephone numbers, domain
names, claims, income and other tax refunds, security and other deposits, options to
purchase or sell real or personal property, rights in all litigation presently or
hereafter pending (whether in contract, tort or otherwise), insurance policies
(including without limitation key man, property damage, and business interruption
insurance), payments of insurance and rights to payment of any kind.

“Guarantor” is
any present or future guarantor of the Obligations.

“HealthMarkets” is
HealthMarkets LLC, a subsidiary of HealthMarkets, Inc, formerly known as UICI.

“HealthMarkets
Debt” is Borrower’s Indebtedness to HealthMarkets evidenced by that
certain promissory note dated July 31, 2006 by Borrower and payable to the order of
HealthMarkets.

“Indebtedness” is
(a) indebtedness for borrowed money or the deferred price of property or services, such
as reimbursement and other obligations for surety bonds and letters of credit, (b)
obligations evidenced by notes, bonds, debentures or similar instruments, (c)
capital lease obligations, and (d) Contingent Obligations. “Insolvency
Proceeding” is any proceeding by or against any Person under the United States
Bankruptcy Code, or any other bankruptcy or insolvency law, including assignments
for the benefit of creditors, compositions, extensions generally with its creditors,
or proceedings seeking reorganization, arrangement, or other relief.

“Interest
Expense” means for any fiscal period, interest expense (whether cash or
non-cash) determined in accordance with GAAP for the relevant period ending on such
date, including, in any event, interest expense with respect to any Credit
Extension and other Indebtedness of Borrower [and its Subsidiaries], including,
without limitation or duplication, all commissions, discounts, or related
amortization and other fees and charges with respect to letters of credit and bankers’ acceptance
financing and the net costs associated with interest rate swap, cap, and similar
arrangements, and the interest portion of any deferred payment obligation (including
leases of all types).

	LOAN AND SECURITY AGREEMENT 	Page 24 

“Inventory” is
all “inventory” as defined in the Code in effect on the date hereof with such
additions to such term as may hereafter be made, and includes without limitation all
merchandise, raw materials, parts, supplies, packing and shipping materials, work in
process and finished products, including without limitation such inventory as is
temporarily out of Borrower’s custody or possession or in transit and including
any returned goods and any documents of title representing any of the above.

“Investment” is
any beneficial ownership interest in any Person (including stock, partnership interest
or other securities), and any loan, advance or capital contribution to any Person.

“Investor
Support” means it is the clear intention of Borrower’s investors to continue
to fund the Borrower in the amounts and timeframe necessary to enable Borrower to
satisfy the Obligations as they become due and payable.

“IP
Agreement” is that certain Intellectual Property Security Agreement executed and
delivered by Borrower to Bank dated as of the effective date

“Letter
of Credit” means a standby letter of credit issued by Bank or another institution
based upon an application, guarantee, indemnity or similar agreement on the part of
Bank as set forth in Section 2.1.2.

“Letter
of Credit Application” is defined in Section 2.1.2(a).

“Letter
of Credit Reserve” has the meaning set forth in Section 2.1.2(a).

“Lien” is
a mortgage, lien, deed of trust, charge, pledge, security interest or other encumbrance.

“Loan
Amount” in respect of each Equipment Advance is the original principal amount of
such Equipment Advance.

“Loan
Documents” are, collectively, this Agreement, the Perfection Certificates, the IP
Agreements, the Subordination Agreements, any note, or notes or guaranties executed by
Borrower or any Guarantor, and any other present or future agreement between Borrower
and/or for the benefit of Bank in connection with this Agreement, all as amended,
restated, or otherwise modified.

“Loan
Supplement” is attached as Exhibit C.

“Material
Adverse Change” is (a) a material impairment in the perfection or priority of
Bank’s Lien in the Collateral or in the value of such Collateral; (b) a
material adverse change in the business, operations, or condition (financial or
otherwise) of Borrower; (c) a material impairment of the prospect of repayment of any
portion of the Obligations; or (d) Bank determines, based upon information available
to it and in its reasonable judgment, that there is a reasonable likelihood that
Borrower shall fail to comply with one or more of the financial covenants in
Section 6 during the next succeeding financial reporting period.

“Maximum
Lawful Rate” is the maximum rate of interest and the term “Maximum Lawful
Amount” means the maximum amount of interest that is permissible under applicable
state or federal laws for the type of loan evidenced by the Loan Documents. If the
Maximum Lawful Rate is increased by statute or other governmental action after the
Effective Date, then the new Maximum Lawful Rate will be applicable to the payments
from the effective date of the rate change, unless otherwise prohibited by law.

“Net
Income” means, as calculated on a consolidated basis for Borrower and its
Subsidiaries for any period as at any date of determination, the net profit (or loss),
after provision for taxes, of Borrower and its Subsidiaries for such period taken as a
single accounting period.

“Obligations” are
Borrower’s obligation to pay when due any debts, principal, interest, Bank
Expenses and other amounts Borrower owes Bank now or later, whether under this
Agreement, the Loan Documents, or otherwise, including, without limitation, all
obligations relating to letters of credit, cash management services, and foreign

	LOAN AND SECURITY AGREEMENT 	Page 25 

exchange
contracts, if any, and including interest accruing after Insolvency  Proceedings begin
and debts, liabilities, or obligations of Borrower assigned to Bank,  and the performance
of Borrower’s duties under the Loan Documents.

“Operating
Documents” are, for any Person, such Person’s formation documents, as
certified with the Secretary of State of such Person’s state of formation on a date
that is no earlier than 30 days prior to the Effective Date, and, (a) if such Person is
a corporation, its bylaws in current form, (b) if such Person is a limited liability
company, its limited liability company agreement (or similar agreement), and (c) if
such Person is a partnership, its partnership agreement (or similar agreement), each
of the foregoing with all current amendments or modifications thereto.

“Other
Equipment” is leasehold improvements, intangible property such as computer software
and software licenses, equipment specifically designed or manufactured for Borrower,
other intangible property, limited use property and other similar property and soft
costs approved by Bank, including taxes, shipping, warranty charges, freight
discounts and installation expenses.

“Other
Services Sublimit” is an amount up to $500,000.

“Payment/Advance
Form” is that certain form attached hereto as Exhibit B.

“Perfection
Certificate” is defined in Section 5.1.

“Permitted
Indebtedness” is:

(a)
Borrower’s Indebtedness to Bank under this Agreement and the other Loan Documents;

(b)
Indebtedness existing on the Effective Date and shown on the Perfection Certificate;

(c)
Subordinated Debt;

(d)
unsecured Indebtedness to trade creditors incurred in the ordinary course of business;

(e)
Indebtedness incurred as a result of endorsing negotiable instruments received in the
ordinary course of business;

(f)
Indebtedness in an aggregate principal amount not to exceed $50,000 secured by Permitted
Liens; and

(g)
extensions, refinancings,  modifications,  amendments and restatements of any items of
Permitted Indebtedness (a) through (f) above, provided that the  principal amount thereof
is not increased or the terms thereof are not modified to impose more burdensome  terms
upon Borrower or its Subsidiary,  as the case may  be.

“Permitted
Investments” are:

(h)
Investments shown on the Perfection Certificate and existing on the Effective Date;

(i)
Cash Equivalents;

(j)
Investments  consisting of the  endorsement of negotiable  instruments  for deposit or
collection or similar  transactions  in the ordinary  course of  Borrower;

	LOAN AND SECURITY AGREEMENT 	Page 26 

(k)
Investments consisting of deposit accounts in which Bank has a perfected security
interest;

(l)
Investments accepted in connection with Transfers permitted by Section 7.1;

(m)
Investments of  Subsidiaries  in or to other  Subsidiaries  or Borrower and  Investments
by Borrower in  Subsidiaries  not to exceed  $250,000 in the  aggregate in any fiscal
year;

(n)
Investments  consisting  of (i) travel  advances and  employee  relocation  loans and
other  employee  loans and  advances in the  ordinary  course of  business,  and (ii)
loans to employees,  officers or directors relating to the purchase of equity securities
of Borrower or its Subsidiaries  pursuant to employee  stock purchase plans or agreements
approved by Borrower’s Board of Directors;

(o)
Investments  (including debt obligations)  received in connection with the bankruptcy or
reorganization of customers or suppliers and in settlement of  delinquent obligations of,
and other disputes with, customers or suppliers arising in the ordinary course of
business; and

(p)
Investments  consisting of notes receivable of, or prepaid royalties and other credit
extensions,  to customers and suppliers who are not Affiliates,  in the ordinary course
of business; provided that this paragraph (i) shall not apply to Investments of Borrower
in any Subsidiary.

“Permitted
Liens” are:

(q)
Liens existing on the Effective Date and shown on the Perfection Certificate or arising
under this Agreement and the other Loan Documents;

(r)
Liens for taxes,  fees,  assessments  or other  government  charges or levies,  either
not  delinquent or being  contested in good faith and for which  Borrower maintains
adequate reserves on its Books, if they have no priority over any of Bank’s Liens;

(s)
purchase  money Liens (i) on Equipment  acquired or held by Borrower  incurred for
financing the  acquisition  of the Equipment  securing no more than  $50,000 in the
aggregate  amount  outstanding,  or (ii) existing on Equipment  when  acquired,  if the
Lien is confined to the property and  improvements  and the  proceeds of the Equipment;

(t)
statutory Liens securing claims or demands of materialmen,  mechanics, carriers,
warehousemen,  landlords and other Persons imposed without action of  such parties,
provided, they have no priority over any of Bank's Lien and the aggregate amount of such
Liens does not at any time exceed $50,000;

(u)
Liens to secure payment of workers’ compensation,  employment insurance,  old-age
pensions, social security and other like obligations incurred in the  ordinary course of
business,  provided,  they have no priority over any of Bank’s Liens and the
aggregate  amount of the  Indebtedness  secured by such Liens does  not at any time
exceed $50,000;

(v)
Liens  incurred in the  extension,  renewal or  refinancing  of the  indebtedness
secured by Liens  described in (a) through (c), but any  extension,  renewal or
replacement Lien must be limited to the property encumbered by the existing Lien and the
principal amount of the indebtedness may not increase;

(w)
leases or subleases of real property  granted in the ordinary  course of business,  and
leases,  subleases,  non-exclusive  licenses or sublicenses of  property (other than real
property or  intellectual  property)  granted in the ordinary  course of Borrower’s
business,  if the leases,  subleases,  licenses and  sublicenses do not prohibit granting
Bank a security interest;

(x)
non-exclusive license of intellectual property granted to third parties in the ordinary
course of business;

	LOAN AND SECURITY AGREEMENT 	Page 27 

(y)
Liens arising from judgments, decrees or attachments in circumstances not constituting an
Event of Default under Section 8.4 or 8.7; and

(z)
Liens in favor of other financial  institutions  arising in connection with Borrower’s
deposit and/or securities  accounts held at such institutions,  provided that Bank has a
perfected security interest in the amounts held in such deposit and/or securities
accounts.

“Person” is
any individual, sole proprietorship, partnership, limited liability company, joint
venture, company, trust, unincorporated organization, association, corporation,
institution, public benefit corporation, firm, joint stock company, estate, entity or
government agency.

“Prime
Rate” is Bank’s most recently announced “prime rate,” even if it is
not Bank’s lowest rate.

“Quick
Assets” is, on any date, Borrowers’ consolidated, unrestricted cash and Cash
Equivalents maintained with Bank, Borrower’s Accounts, and investments with
Bank with maturities of fewer than 12 months determined according to GAAP.

“Registered
Organization” is any “registered organization” as defined in the Code with
such additions to such term as may hereafter be made

“Responsible
Officer” is any of the Chief Executive Officer, President, Chief Financial Officer
and Controller of Borrower.

“Revolving
Line” is an Advance or Advances in an aggregate amount of up to $5,000,000
outstanding at any time.

“Revolving
Line Maturity Date” is the earliest of (a) the date that is three hundred
sixty-four (364) days from the Effective Date, or (b) the occurrence of an Event of
Default.

“Scheduled
Payment” is a payment on an Equipment Advance pursuant to the terms hereof, as
scheduled by the Loan Supplement or otherwise.

“Securities
Account” is any “securities account” as defined in the Code with such
additions to such term as may hereafter be made.

“Settlement
Date” is defined in Section 2.1.3.

“Subordinated
Debt” is indebtedness incurred by Borrower subordinated to all of Borrower’s
now or hereafter indebtedness to Bank (pursuant to a subordination, intercreditor,
or other similar agreement in form and substance satisfactory to Bank entered into
between Bank and the other creditor), on terms acceptable to Bank.

“Subsidiary” means,
with respect to any Person, any Person of which more than 50% of the voting stock
or other equity interests is owned or controlled, directly or indirectly, by such
Person or one or more Affiliates of such Person.

“Total
Liabilities” is on any day, obligations that should, under GAAP, be classified as
liabilities on Borrower’s consolidated balance sheet, including all Indebtedness,
and current portion of Subordinated Debt permitted by Bank to be paid by Borrower, but
excluding all other Subordinated Debt.

“Transfer” is
defined in Section 7.1.

THIS
AGREEMENT AND THE OTHER LOAN DOCUMENTS  REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES
AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR,  CONTEMPORANEOUS  OR SUBSEQUENT ORAL
AGREEMENTS OF THE PARTIES.  THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

	LOAN AND SECURITY AGREEMENT 	Page 28 

[Signature
page follows.]

	LOAN AND SECURITY AGREEMENT 	Page 29 

IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the
Effective Date.

BORROWERS:

HEALTHAXIS,
INC.,
 a Pennsylvania corporation

	By:	/s/ Ronald
      K. Herbert	 	 	 	 
	 	
	 	 	 	 
	Name:	Ronald K. Herbert	 	 	 	 
	 	
	 	 	 	 
	Title:	CFO	 	 	 	 
	 	
	 	 	 	 

HEALTHAXIS,
LTD., 
a Texas limited partnership

	By:	Healthaxis
      Managing Partner, LLC,

      a Delaware limited liability company	 	 	 	 
	 	 	 	 	 	 
	 	By:	Healthaxis.com,
      Inc., 

      a Pennsylvania corporation	 	 	 	 
	 	 	 	 	 	 
	 	 	By:	Healthaxis,
      Inc., 

      a Pennsylvania corporation	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	By:	/s/
      Ronald K. Herbert	 	 	 	 
	 	 	 	 	
	 	 	 	 
	 	 	 	Name:	Ronald K. Herbert	 	 	 	 
	 	 	 	 	
	 	 	 	 
	 	 	 	Title:	CFO	 	 	 	 
	 	 	 	 	
	 	 	 	 

HEALTHAXIS
IMAGING SERVICES, LLC,
 a Texas limited liability company

	By:	Healthaxis,
      Ltd.,

      a Texas limited partnership	 	 	 	 
	 	 	 	 	 	 
	 	By:	Healthaxis
      Managing Partner, LLC,

      a Delaware limited liability company 	 	 	 	 
	 	 	 	 	 	 
	 	 	By:	Healthaxis.com,
      Inc.,

      a Pennsylvania corporation	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	By:	Healthaxis,
      Inc.,

      a Pennsylvania corporation 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	By:	/s/
      Ronald K. Herbert	 	 	 	 
	 	 	 	 	 	
	 	 	 	 
	 	 	 	 	Name:	Ronald K. Herbert	 	 	 	 
	 	 	 	 	 	
	 	 	 	 
	 	 	 	 	Title:	CFO	 	 	 	 
	 	 	 	 	 	
	 	 	 	 

BANK:

SILICON
VALLEY BANK

	By:	/s/ Melissa
      Meagher	 	 	 	 
	Name:	Melissa Meagher	 	 	 	 
	Title:	Relationship Manager	 	 	 	 
	Effective Date:  	8/14/06	 	 	 	 

	LOAN AND SECURITY AGREEMENT 	Signature PageINFINEX VENTURES INC.

 

	
            January 30, 2006
 	
             
 

 

	
            Rodolfo Francisco Villar Garcia,

Cristobal Hugo Lopehandia Cortes, and

Jorge Lopehandia Cortes

c/o 487 Roslyn Boulevard,

North Vancouver, B.C. V7G 1P1
 
 

Attention:        Jorge Lopehandia
 	
             
 

Dear Sirs:

	
            Re:
 	
            Tesoro Claims 1 to 12
 

We write further to our recent discussions to confirm the terms and conditions upon which Infinex Ventures Inc. (the “Purchaser”) will have the right to earn from Jorge Lopehandia, The Lopehandia Family & Other Associates (the “Vendors”) a Fifty (50%) percent interest, in the mining and exploration Claim (s) situated as per the attached “Schedule A” (the “Property”) and more particularly located at the northern end of the El Indio Belt in Chile Region III which is approximately 150 kms. East of the City of Vallenar, Chile , and to confirm the terms and conditions of an agreement to be entered into between us, the Purchaser and the Vendor, shall make it effective upon the execution of this Agreement. 

The terms of the transaction are as follows:

1.          The Vendor hereby grants to the Purchaser the sole and exclusive irrevocable right and title (the “Title”) to Fifty  (50%) percent interest in the Property by:

	
            (a)
 	
            issuing to the Vendor Twenty Million (20,000,000) Common Shares, upon the execution by the parties of this Agreement and subject to the conditions as set out   in number 8 below;
 
	
            (b)
 	
            all original documents or notarized copies of official translations  arethereof required to complete the transactions contemplated herein. The issuance of the 20 Million (20,000,000) Common Shares shall be issued in the Vendors designated name to the benefit of Vendor, upon the removal of the subject conditions as set out in number 8 below.
 

2.          Upon the Purchaser signing a resolution for the issuance of 20 Million (20,000,000) Common Shares to the Vendor and the execution of this Agreement, the Purchase and Sale will have been exercised and the Purchaser will have earned a Fifty (50%) percent right, title and interest in the Property. The Vendor will thereupon execute and deliver to the Purchaser all such transfers, consents, powers of attorney, Bill of Sale Absolute or quit claim deed and other documentation as may be required to formally transfer to the Purchaser title to the Property to be 

 

3914 Seaton Place, Las Vegas, Nevada 89121

Tel: 702-387-4005 - Fax: 702-387-4006

 

2

 

held by the Purchaser as contemplated below. The Vendor shall obtain, and the Vendor must deliver to the Purchaser a Fifty (50%) percent interest in the Property. 

It is not the intention of the parties to create, nor may this Agreement be construed or claimed to create, any mining, commercial or other partnership. Neither party has any authority to act for or to assume any obligation or responsibility on behalf of the other party, except as otherwise expressly provided herein. 

3.          The Agreement shall terminate upon the parties mutually consenting to the termination of this Agreement;  

 

	
            4.
 	
            The Vendor represents and warrants to the Purchaser that:
 

	
            (a)
 	
            the Vendor has the power and legal authority to validly own the properties, and the properties are presently in good standing under the laws of Chile and Vendor is duly qualified and registered as necessary to carry on all the business activities under the laws of all jurisdictions in which they carry on business or owns property and to apply for, acquire title to, own and dispose of all forms of mineral concessions in Chile. Please see attached Schedule B, C and D:
 
	
            (b)
 	
            the Vendor has all necessary right, power, capacity and legal authority to enter into this Agreement and to be bound by its terms, to agree to dispose the Fifty (50%) percent interest of the Property to the Purchaser upon the terms hereof and to transfer the Fifty (50%) percent interest in the Property to the Purchaser upon compliance by the Purchaser with the terms and conditions hereof;
 
	
            (c)
 	
            this Agreement has been validly entered into, executed and delivered by the Vendor and is binding upon the Vendor; 
 
	
            (d)
 	
            the consummation of the transactions contemplated by this Agreement does not and will not conflict with, constitute a default under, result in a breach of, entitle any person or company to a right of termination under, or result in the creation or imposition of any lien, encumbrance or restriction of any nature whatsoever upon or against the property or assets of the Vendor, under its constating documents, any contract, agreement, indenture or other instrument to which the Vendor is a party or by which it is bound, any law, judgement, order, writ, injunction or decree of any court, administrative agency or other tribunal or any regulation of any governmental authority;
 

	
            5.
 	
            The Purchaser represents and warrants to the Vendor that:
 

	
            (a)
 	
            the Purchaser is a duly incorporated and validly subsisting and organised company and is presently in good standing under the laws of the State of Nevada;
 
	
            (b)
 	
            the Purchaser or its assigned Nominee has all necessary right, power, capacity and authority to enter into this Agreement, and to be bound by its terms, subject only to the approval of the Board of Directors;
 

 

 

3

 

 

	
            (c)
 	
            the consummation of this Agreement will not conflict with nor result in any breach of its constating documents or any covenants or agreements contained in or constitute default under any agreement or other instrument whatever to which the Purchaser is a party or by which the Purchaser is bound or to which the Purchaser may be subject; and
 
	
            (d)
 	
            no proceedings are pending for, and the Purchaser is unaware of any basis for, the institution of any proceedings leading to the placing of the Purchaser in bankruptcy or subject to any other laws governing the affairs of insolvent parties.
 

6.          If any party hereto defaults in the performance of any of its obligations hereunder, the party affected by such default may give notice to the defaulting party, and if the defaulting party does not cure such default within thirty (30) days after receipt of such notice, the affected party may take any action on account of such default, including seeking damages, specific performance or an injunction or the termination of the Agreement constituted upon the acceptance of this offer.

7.          The Agreement constituted by the acceptance of this offer will be governed by and interpreted in accordance with the laws of State of Nevada and of Chile.   

	
            8.
 	
            This Agreement is subject to:
 

	
            (i)
 	
            the completion by the Purchaser of confirmation of legal title  and due diligence on the Properties as to ownership by the Vendor and results therefrom being satisfactory to the Purchaser, acting reasonably, within a period of  90 days;
 

	
            (ii)
 	
            the right to extend a further 90 days by mutual consent;
 

	
            (iii)
 	
            Vendor and Purchaser put forth, all their reasonable best efforts to obtain a satisfactory title opinion or Court Order, or such that the Purchaser will acquire the property free and clear of all liens and encumbrances, with a view to further develop the property into an operating mine.
 

9.           Upon satisfactory completion of due diligence and clear title being established the Purchaser with the assistance of the Vendor, (if necessary), will apply for permits to the appropriate authorities to place the property into production. Upon the appropriate permits being approved, the Purchaser will have the option to acquire an additional 25% interest in the property (bringing the Purchaser interest to 75%) in exchange for a further issuance of Ten Million ( 10,000,000) Common shares of the Purchaser’s stock;

	
            a.
 	
            after successful production has commenced and been established for a period of no less than 1 year, the Purchaser will have the option to acquire an additional 25% (bringing the Purchaser interest to 100%) at a price to be determined at the then market value; and
 
	
            b.
 	
            during the course of this agreement and after title has been established the Vendor agrees to allow the Purchaser to use the property for collateral, sale 
 

 

 

4

 

forward of metals, hedging, or any other financial transaction that the Purchaser sees fit to successfully finance the property into production.

10.           Vendor will transfer to Purchaser, any additional mining property and mineral rights relating to this property, plus any other  pending claims settled or awarded by the Chilean Courts in accordance to the Chilean Laws.

11.           This Agreement may be executed in one or more counterparts, and each such counterpart shall, once the Agreement executed, form one and the same document. 

If the foregoing correctly sets forth our understanding, kindly acknowledge this by signing and returning to us a copy of this letter on or before the close of business in Vancouver, B.C. on or before 4:00 p.m. on January 30th 2006. .

Yours truly,

INFINEX VENTURES INC.

 

By:  /s/  Michael De Rosa

Michael De Rosa, President

 

I/We hereby acknowledge and confirm the foregoing correctly sets forth our understanding and agree to the foregoing terms and conditions as of this 30th day of January, 2006.

RODOLFO FRANCISCO VILLA GARCIA

	
            /s/ Jorge Lopehandia  
 

By his Attorney Jorge Lopehandia

 

CRISTOBAL HUGO LOPEHANDIA CORTES

	
            /s/ Jorge Lopehandia  
 

By his Attorney Jorge Lopehandia

 

JORGE LOPEHANDIA CORTES 

 

	
            /s/ Jorge Lopehandia  
 

Signature

 

5

 

 

Schedule “A”

	
            REFERENCES                                                                                                                                                                                                                                                                                                                                               
 	
             
 	
            ROLL NUMBER
 
	
            139        TESORO 1                                                                                        
 	
            1 - 30
 	
            03304-0532-5
 
	
            140        TESORO 2                                                                                        
 	
            1 - 12
 	
            03304-0532-3
 
	
            141        TESORO 3                                                                                        
 	
            1 - 30
 	
            03304-0534-1
 
	
            142        TESORO 4                                                                                        
 	
            1 - 30
 	
            03304-0535-K
 
	
            143        TESORO 5                                                                                        
 	
            1 - 25
 	
            03304-0536-8
 
	
            144        TESORO 6                                                                                        
 	
            1 - 20
 	
            03304-0537-6
 
	
            145        TESORO 7                                                                                        
 	
            1 - 25
 	
            03304-0538-4
 
	
            146        TESORO 8                                                                                        
 	
            1 - 12
 	
            03304-0539-2
 
	
            147        TESORO 9                                                                                        
 	
            1 - 12
 	
            03304-0540-6
 
	
            148        TESORO 10                                                                                
 	
            1 - 20
 	
            03304-0541-4
 
	
            149        TESORO 11                                                                                
 	
            1 - 20
 	
            03304-0542-2
 
	
            150        TESORO 12                                                               
 	
            1 - 5
 	
            03304-0543-0
 

 

 

 

6

 

 

Schedule “B”

 

Copy of Judicial Order as to Seizure of Properties.

 

 

7

 

 

Schedule “C”

 

Copy Power of Attorney giving Right of Disposal.

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