Document:

FORBEARANCE AGREEMENT
	 

	 
		This Forbearance Agreement (this “Agreement”) is entered into
		as of May 15, 2007, by and between SILICON VALLEY BANK, a
		California-chartered bank, with its principal place of business at
		3003 Tasman Drive, Santa Clara, California 95054 and with a loan
		production office located at 535 Fifth Avenue, 27th Floor, New York, New York
		10017 (“Bank”) and AXS-ONE INC., a Delaware corporation with
		its chief executive office located at 301 Route 17 North, Rutherford, New
		Jersey 07070 (“Borrower”).
	 

	 
		1.
	 

	 
		DESCRIPTION OF EXISTING INDEBTEDNESS AND OBLIGATIONS. Among other
		indebtedness and obligations which may be owing by Borrower to Bank, Borrower
		is indebted to Bank pursuant to a loan arrangement dated as of September 13,
		2005, evidenced by, among other documents, a certain Amended and Restated Loan
		and Security Agreement dated as of September 13, 2005, between Borrower and
		Bank, as amended by a certain First Loan Modification Agreement dated as of
		March 14, 2006, between Borrower and Bank, as further amended by a certain
		Second Loan Modification Agreement dated as of October 31, 2006, between
		Borrower and Bank, as further amended by a certain Third Loan Modification
		Agreement dated as of November 11, 2006, between Borrower and Bank, and as
		further amended by a certain Fourth Loan Modification Agreement dated as of
		March 6, 2007, between Borrower and Bank (as amended, the “Loan
		Agreement”).  Capitalized terms used but not otherwise defined herein
		shall have the same meaning as in the Loan Agreement.
	 

	 
		2.
	 

	 
		DESCRIPTION OF COLLATERAL.  Repayment of the Obligations is
		secured by the Collateral as described in the Loan Agreement and the
		Intellectual Property Collateral as described in a certain Intellectual
		Property Security Agreement dated as of October 31, 2006 (the “IP Security
		Agreement”) (together with any other collateral security granted to Bank,
		the  “Security Documents”).  Hereinafter, the Security
		Documents, together with all other documents evidencing or securing the
		Obligations shall be referred to as the “Existing Loan Documents”.
	 

	 
		3.
	 

	 
		ACKNOWLEDGMENT OF DEFAULT; FORBEARANCE BY BANK.  Borrower
		acknowledges that it is currently in default under the Loan Agreement by virtue
		of its failure to comply with the financial covenant set forth in subsection
		(a) of Section 5 of the Schedule to the Loan Agreement (relative to
		Borrower’s Tangible Net Worth) as of the months ended February 28, 2007
		and March 31, 2007 (the “Existing Defaults”).  In addition,
		Borrower acknowledges that Borrower will be unable to comply with the financial
		covenant set forth in subsection (a) of Section 5 of the Schedule to the Loan
		Agreement (relative to Borrower’s Tangible Net Worth) thereof as of the
		month ending April 30, 2007 (the “Future Default”) (the Existing
		Defaults and the Future Default are collectively referred to as the
		“Defaults”).  Bank, however, hereby agrees to forbear from
		exercising its rights and remedies with respect to the Defaults until the
		earlier to occur of (i) an Event of Default under the Loan Agreement (other
		than the Defaults) or (ii) June 15, 2007.  Borrower hereby acknowledges
		and agrees that except as specifically provided herein, nothing in this section
		or anywhere in this Agreement shall be deemed or otherwise construed as a
		waiver by the Bank of the Defaults or of any of its rights and remedies
		pursuant to the Existing Loan Documents, applicable law or otherwise.
	 

	 
		4.
	 

	 
		FEES.  Borrower shall pay to Bank a forbearance fee equal to
		Seven Thousand Five Hundred Dollars ($7,500.00) which fee shall be due on the
		date hereof and shall be deemed fully earned as of the date hereof.
		 Borrower shall also reimburse Bank for all legal fees and expenses
		incurred in connection with this Agreement.
	 

	 
		5.
	 

	 
		RATIFICATION OF IP SECURITY AGREEMENT.  Borrower hereby
		ratifies, confirms and reaffirms, all and singular, the terms and conditions of
		the IP Security Agreement and acknowledges, confirms and agrees that the IP
		Security Agreement contains an accurate and complete listing of all
		Intellectual Property Collateral as defined therein.
	 

	 
		
 

	 

	 
		

	 

	 
		

	 

	 
 
	 
		

	 

	 
		

	 

	 
		6.
	 

	 
		RATIFICATION OF PERFECTION CERTIFICATE.  Borrower hereby
		ratifies, confirms and reaffirms, all and singular, the terms and disclosures
		contained in a certain Perfection Certificate dated as of August 11, 2004
		between Borrower and Bank, and acknowledges, confirms and agrees the
		disclosures and information Borrower provided to Bank in the Perfection
		Certificate have not changed, as of the date hereof.
	 

	 
		7.
	 

	 
		CONSISTENT CHANGES.  The Existing Loan Documents are hereby
		amended wherever necessary to reflect the changes described above.
	 

	 
		8.
	 

	 
		RATIFICATION OF LOAN DOCUMENTS.  Borrower hereby ratifies,
		confirms, and reaffirms all terms and conditions of all security or other
		collateral granted to the Bank, and confirms that the indebtedness secured
		thereby includes, without limitation, the Obligations.
	 

	 
		9.
	 

	 
		NO DEFENSES OF BORROWER.  Borrower hereby acknowledges and
		agrees that Borrower has no offsets, defenses, claims, or counterclaims against
		Bank with respect to the Obligations, or otherwise, and that if Borrower now
		has, or ever did have, any offsets, defenses, claims, or counterclaims against
		Bank, whether known or unknown, at law or in equity, all of them are hereby
		expressly WAIVED and Borrower hereby RELEASES Bank from any liability
		thereunder.
	 

	 
		10.
	 

	 
		CONTINUING VALIDITY.  Borrower understands and agrees that in
		modifying the existing Obligations, Bank is relying upon Borrower’s
		representations, warranties, and agreements, as set forth in the Existing Loan
		Documents.  Except as expressly modified pursuant to this Agreement, the
		terms of the Existing Loan Documents remain unchanged and in full force and
		effect.  Bank’s agreement to modifications to the existing
		Obligations pursuant to this Agreement in no way shall obligate Bank to make
		any future modifications to the Obligations.  Nothing in this Agreement
		shall constitute a satisfaction of the Obligations.  It is the intention
		of Bank and Borrower to retain as liable parties all makers of Existing Loan
		Documents, unless the party is expressly released by Bank in writing.  No
		maker will be released by virtue of this Agreement.
	 

	 
		11.
	 

	 
		COUNTERSIGNATURE.  This Agreement shall become effective only
		when it shall have been executed by Borrower and Bank.
	 

	 
		[The remainder of this page is intentionally left blank]
	 

	 
		
 

	 

	 
		

	 

	 
		

	 

	 
 
	 
		

	 

	 
		

	 

	 
		This Agreement is executed as of the date first written above.
	 

	 
		BORROWER:
	 

	 
		BANK:
	 

	 
		AXS-ONE INC.
	 

	 
		SILICON VALLEY BANK
	 

	 
		By: /s/ Joseph P. Dwyer
	 

	 
		By: /s/ Jay T. Tracy
	 

	 
		Name: Joseph P. Dwyer
	 

	 
		Name: Jay T. Tracy
	 

	 
		Title: Chief Financial Officer
	 

	 
		Title: Vice PresidentCOLONIAL BANK, N.A.
	 

	 
		BUSINESS LOAN AGREEMENT
	 

	 
			
				
				  Principal

				  $200,000.00
				

			 	
				
				  Loan Date

				  02-26-2007
				

			 	
				
				  Maturity

				  08-22-2007
				

			 	
				
				  Loan No

				  8037206052
				

			 	
				
				  Call/Coll

				  04A0/CD1
				

			 	
				
				  Account
				

			 	
				
				  Officer

				  32573
				

			 	
				
				  Initials

				  AN
				

			 
	
				
				  References in the shaded area are for
				  Lender’s use only and do not limit the applicability of this document to
				  any particular loan or item
 Any item
				  above containing “***” has been omitted due to text length
				  limitations.
				

			 

 

	 
		 
	 

	 
			
				
				  Borrower:
				

			 	
				
				  Vicor Technologies, Inc.
				

			 	
				
				  Lender:
				

			 	
				
				  Colonial Bank, N.A.
				

			 
	
				
				   
				

			 	
				
				  2300 NW Corporate Blvd., Suite
				  123
				

			 	
				
				   
				

			 	
				
				  Central Boca
				

			 
	
				
				   
				

			 	
				
				  Boca Raton, FL 33431
				

			 	
				
				   
				

			 	
				
				  21302 St. Andrews Blvd.
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Boca Raton, FL 33433
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  (561) 368-6900
				

			 

 

	 
		THIS BUSINESS LOAN AGREEMENT dated February
		26, 2007, is made and executed between Vicor Technologies, inc.
		(“Borrower”) and Colonial Bank, N.A. (“Lender”) on the
		following terms and conditions. Borrower has received prior commercial loans
		from Lender or has applied to Lender for a commercial loan or loans or other
		financial accommodations, Including those which may be described on any exhibit
		or schedule attached to this Agreement (“Loan”). Borrower understands
		and agrees that: (A) in granting, renewing, or extending any Loan, Lender is
		relying upon Borrowers representations, warranties, and agreements as set forth
		In this Agreement; (B) the granting, renewing, or extending of any Loan by
		Lender at all times shall be subject to Lenders sole judgment and discretion;
		and (C) all such Loans shall be and remain subject to the terms and conditions
		of this Agreement.
	 

	 
		TERM. This Agreement shall be effective as of
		February 26, 2007, and shall continue in full force and effect until such time
		as all of Borrower’s Loans in favor of Lender have been paid in full,
		including principal, interest, costs, expenses, attorneys.’ fees, and other fees and charges, or until August
		22, 2007.
	 

	 
		CONDITIONS PRECEDENT TO EACH ADVANCE.
		Lender’s obligation to make the initial Advance and each subsequent
		Advance under this Agreement shall be subject to the -fulfillment to
		Lender’s satisfaction of all of the conditions set forth in this Agreement
		and in the Related Documents.
	 

	 
		Loan Documents. Borrower shall provide to
		Lender the following documents for the Loan: (1) the Note; (2) Security
		Agreements granting to Lender security interests in the Collateral; (3)
		financing statements and all other documents perfecting Lender’s Security
		Interests; (4) evidence of insurance as required below; (5) guaranties; (6)
		together with ail such Related Documents as Lender may require for the Loan;
		all in form and substance satisfactory. to Lender and Lender’s counsel.
	 

	 
		Borrower’s Authorization. Borrower shall
		have provided in form and substance satisfactory to Lender properly certified
		resolutions, duly authorizing the execution and delivery of this Agreement, the
		Note and the Related Documents. In addition, Borrower shall have provided such
		other resolutions, authorizations, documents and instruments as Lender or its
		counsel, may require.
	 

	 
		Payment of Fees and Expenses. Borrower shall
		have paid to Lender all fees, charges, and other expenses which are then due
		and payable as specified to this Agreement or any Related Document.
	 

	 
		Representations and Warranties. The
		representations and warranties set ‘forth in this Agreement, in the
		Related Documents, and in any document or certificate delivered to Lender under
		this Agreement are true and correct.
	 

	 
		No Event of Default. There shall not exist at
		the time of any Advance a condition which would constitute an Event of Default
		under this Agreement or under any Related Document.
	 

	 
		REPRESENTATIONS AND WARRANTIES. Borrower
		represents and warrants to Lender, as of the date of this Agreement, as of the
		date of each disbursement of loan proceeds, as of the date of any renewal,
		extension or modification of any Loan, and at all times any Indebtedness
		exists:
	 

	 
		Organization. Borrower Is a corporation for
		profit which Is, and at all times shall be, duly organized, validly existing,
		and in good standing under and by virtue of the laws of the State of Florida.
		Borrower is duly authorized to transact business in all other states in which
		Borrower is doing business, having obtained all necessary filings, governmental
		licenses and approvals for each state in which Borrower is doing business.
		Specifically, Borrower is, and at all times shall be, duly qualified as a
		foreign corporation in all states in which the failure to so qualify would have
		a material adverse effect on its business or financial condition. Borrower has
		the full power and authority to
		own its properties and to transact the business in which it is presently
		engaged or presently proposes to engage. Borrower maintains an office at 2300
		NW Corporate Blvd,, Suite 123, Boca Raton, FL 33431. Unless Borrower has
		designated otherwise in writing, the principal office is the office at which
		Borrower keeps its books and records including its records concerning the
		Collateral. Borrower will notify Lender oiler to any change in the location of
		Borrower’s state of organization or any change in Borrowers name. Borrower
		shall do all things necessary to preserve and to keep in full force and effect
		its existence, rights and privileges, and shall comply with all regulations,
		roles, ordinances, statutes, orders and decrees of any governmental or
		quasi-governmental authority or court applicable to Borrower and
		Borrower’s business activities.
	 

	 
		Assumed Business Names. Borrower has filed or
		recorded all documents or filings required by law relating to ail assumed
		business names used by Borrower. Excluding the name of Borrower, the following
		is a complete list of all assumed business names under which Borrower does
		business: None.
	 

	 
		Authorization. Borrowers execution, delivery,
		and performance of this Agreement and all the Related Documents have been duly
		authorized by ail necessary action by Borrower and do not conflict with, result
		in a violation of, or constitute a default under (1) any provision of (a)
		Borrower’s articles of incorporation or organization, or bylaws, or (b)
		any agreement or other instrument binding upon Borrower or (2) any law,
		governmental regulation, court decree, or order applicable to Borrower or to
		Borrower’s properties.
	 

	 
		Financial Information. Each of
		Borrower’s financial statements supplied to Lender truly and completely
		disclosed Borrower’s financial condition as of the date of the statement,
		and there has been no material adverse change in Borrower’s financial
		condition subsequent to the date of the most recent financial statement
		supplied to Lender. Borrower has no material contingent obligations except as
		disclosed in such financial statements.
	 

	 
		Legal Effect. This Agreement constitutes, and
		any instrument or agreement Borrower is required to give tinder this Agreement
		when delivered will constitute legal, valid, and binding obligations of
		Borrower enforceable against Borrower in accordance with their respective
		terms.
	 

	 
		Properties. Except as contemplated by this
		Agreement or as previously disclosed in Borrower’s financial statements or
		in writing to Lender and as accepted by Lender, and except for property tax
		liens for taxes not presently due and payable, Borrower owns and has good title
		to all of Borrower’s properties free and clear of all Security Interests,
		and has not executed any security documents or financing statements relating to
		such properties. All of Borrower’s properties are titled in
		Borrower’s legal name, and Borrower has not used or filed a financing
		statement under any other name for at leas( the last five (5) years,
	 

	 
		Hazardous Substances, Except as disclosed to
		and acknowledged by Lender in writing, Borrower represents and warrants that:
		(1) During the period of Borrower’s ownership of the Collateral, there has
		been no use, generation, manufacture, storage, treatment, disposal, release or
		threatened release of any Hazardous Substance by any person on, under, about or
		from any of the Collateral. (2) Borrower has no knowledge of, or reason to
		believe that there has been (a) any breach or violation of any Environmental
		Laws; (b) any use, generation, manufacture, storage, treatment, disposal,
		release or threatened release of any Hazardous Substance on, under, about or
		from the Collateral by any prior owners or occupants of any of the Collateral;
		or (c) any actual or threatened litigation or claims of any kind by any person
		relating to such matters. (3) Neither Borrower nor any tenant, contractor,
		agent or other authorized user of any of the Collateral shall use, generate,
		manufacture, store, treat, dispose of or release any Hazardous Substance on,
		under, about or from any of the Collateral; and any such activity shall be
		conducted in compliance with all applicable federal, state, and local laws,
		regulations, and ordinances, including without limitation all Environmental
		Laws. Borrower authorizes Lender and its agents to enter upon the Collateral to
		make such inspections and tests as Lender may deem appropriate to determine
		compliance of the Collateral with this section of the Agreement. Any
		inspections or tests made by Lender shall be at Borrower’s expense and for
		Lender’s purposes only and shall not be construed to create any
		responsibility or liability on the part of Lander to Borrower or to any other
		person. The representations and warranties contained herein are based on
		Borrower’s due diligence in investigating the Collateral for hazardous
		waste and Hazardous Substances. Borrower hereby (1) releases and waives any
		future claims against Lender for indemnity or contribution in the event
		Borrower becomes liable for cleanup or other costs under any such laws, and (2)
		agrees to indemnify, defend, and hold harmless Lender against any and all
		claims, losses, liabilities, damages, penalties, and expenses which Lender may
		directly or indirectly sustain or suffer resulting from a breach of this
		section of the Agreement or as a consequence of any use, generation,
		manufacture, storage, disposal, release or threatened release of a hazardous
		waste or substance on the Collateral. The provisions of this section of the
		Agreement, including the obligation to indemnify and defend, shall survive the
		payment of the Indebtedness and the termination, expiration or satisfaction of
		this Agreement and shall not be affected by Lender’s acquisition of any
		interest in any of the Collateral, whether by foreclosure or otherwise.
	 

	 
		 
	 

	 
		 
	 

	 
	 

	 

	 
			
				
				  Loan No: 8037206052
				

			 	
				
				  ASSIGNMENT OF DEPOSIT
				  ACCOUNT
 (Continued)
				

			 	
				
				  Page 2
				

			 

 

	 
		 
	 

	 
		 
	 

	 
		Litigation and Claims. No litigation, claim,
		investigation, administrative proceeding or similar action (including those for
		unpaid taxes) against Borrower is pending or threatened, and no other event has
		occurred which may materially adversely affect Borrower’s financial
		condition or properties, other than litigation, claims, or other events, if
		any, that have been disclosed to and acknowledged by Lender in writing.
	 

	 
		Taxes. To the best of Borrower’s
		knowledge, all of Borrower’s tax returns and reports that are or were
		required to be filed, have, been filed, and ail taxes, assessments
		and other governmental charges have bean paid in full, except those presently
		being or to be contested by Borrower in good faith in the ordinary course of
		business and for which adequate reserves have been provided.
	 

	 
		Lien Priority. Unless otherwise previously
		disclosed to Lender in writing, Borrower has not entered into or granted any
		Security Agreements, or permitted the filing or attachment of any Security
		interests on or affecting any of the Collateral directly or indirectly securing
		repayment of Borrower’s Loan and Note, that would be prier or that may in any
		way he superior to Lender s Security Interests arta rights in and to such
		Collateral.
	 

	 
		Binding Effect. This Agreement, the Note, all
		Security Agreements (if any), and all Related Documents are binding upon the
		signers thereof, as well as upon their successors, representatives and assigns,
		and are legally enforceable in accordance with their respective terms.
	 

	 
		AFFIRMATIVE COVENANTS. Borrower covenants and
		agrees with Lender that, so long as this Agreement remains in effect, Borrower
		wilt:
	 

	 
		Notices of Claims and Litigation. Promptly
		inform Lender in writing of (1) all material adverse changes in Borrower’s
		financial condition, and (2) all existing and all threatened litigation,
		claims, investigations, administrative proceedings or similar actions affecting
		Borrower or any Guarantor which could materially affect the financial condition
		of Borrower or the financial condition of any Guarantor.
	 

	 
		Financial Records. Maintain its books and
		records in accordance with GAAP, applied on a consistent basis, and permit
		Lender to examine and audit Borrower’s books and records at all reasonable
		times.
	 

	 
		Financial Statements. Furnish Lender with the
		following:
	 

	 
		Annual Statements. As soon as available, but
		in no event later than ninety (90) days after the end of each fiscal year,
		Borrower’s balance sheet and income statement for the year ended, prepared
		by Borrower.
	 

	 
		Tax Returns. As soon as available, but in no
		event later than ninety (90) days after the applicable filing date for the tax
		reporting period ended, Federal and other governmental tax returns, prepared by
		a certified public accountant satisfactory to Lender.
	 

	 
		All financial reports required to be provided
		under this Agreement shah be prepared in accordance with GAAP, applied on a
		consistent basis, and certified by Borrower as being true and correct.
	 

	 
		Additional Information. Furnish such
		additional Information and statements, as lender may request from time to
		time.
	 

	 
		Insurance. Maintain fire and other risk
		insurance, public liability insurance, and such other insurance as Lender may
		require with respect In Borrower’s properties and operations, in form,
		amounts, coverages and with insurance companies acceptable to Lender. Borrower,
		upon request of Lender, will deliver to Lender from time to time the policies
		or certificates of insurance in form satisfactory to Lender, including
		stipulations that coverages will not be cancelled or diminished without at
		least ten (10) days prior written notice to Lender. Each insurance policy also
		shall include an endorsement providing that coverage in favor of Lender will
		not be Impaired in any way by any act, orniesiori or default of Borrower or any
		other person. In connection with all policies covering assets in which Lender
		holds or is offered a security Interest for the Loans, Borrower will provide
		Lender with such lender’s loss payable or other endorsements as Lender
		!Tray require.
	 

	 
		Insurance Reports. Furnish to tender, upon
		request of Lender, reports on each existing insurance policy showing such
		information Lender may reasonably request, including without limitation the
		following: (1) the name of the insurer; (2) the risks insured: (3) the amount
		of the policy; (4) the properties insured; (5) the then current property values
		on the basis of which insurance has been obtained, and the manner of
		determining those values; and (6) the expiration date of the policy. In
		addition, upon request of Lender (however not more often than annually),
		Borrower will have an independent appraiser satisfactory to Lender determine,
		as applicable, the dottrel cash value or replacement cost of any Collateral.
		The cost of such appraisal shall be paid by Borrower.
	 

	 
		Guaranties. Prior to disbursement of any Loan
		proceeds, furnish executed guaranties of the Loans in favor of Lender, executed
		by the guarantor named below, on Lender’s forms, and in the amount and
		under the conditions set forth in those guaranties.
	 

	 
		 
	 

	 
			
				
				  Name of Guarantor
				

			 	
				
				   
				

			 	
				
				  Amount
				

			 
	
				
				  David H. Fater
				

			 	
				
				   
				

			 	
				
				  Unlimited
				

			 

 

	 
		Other Agreements. Comply with all terms and
		conditions of all other agreements, whether now or hereafter existing, between
		Borrower and any other party and notify Lender immediately in writing of any
		default in connection with any other such agreements.
	 

	 
		Loan Proceeds. Use all Loan proceeds solely
		for Borrower’s business operations, unless specifically consented to the
		contrary by Lender In writing.
	 

	 
		Taxes, Charges and Liens. Pay and discharge
		when due all of its indebtedness and obligations, including without limitation
		all assessments,
		taxes, governmental charges, levies and
		liens, of every kind and nature, imposed upon Borrower or its properties,
		income, or profits, prior to the date on which penalties would attach, and all
		lawful claims that, if unpaid, might become a lien or charge upon any of
		Borrower’s properties, income, or
		profits.
	 

	 
		Performance. Perform and comply, in a timely
		manner, with all terms, conditions, and provisions set forth in this Agreement,
		in the Related Documents, and in all other instruments and agreements between
		Borrower and Lender. Borrower shall notify Lender immediately in writing of any
		default In connection with any agreement.
	 

	 
		Operations, Maintain executive and management
		personnel with substantially the same qualifications and experience as the
		present executive and management personnel; provide written notice to Lender of
		any change in executive and management personnel; conduct its business affairs
		in a reasonable and prudent manner.
	 

	 
		Environmental Studies. Promptly conduct and
		complete, at Borrower’s expense, alt such investigations, studies,
		samplings and testings as may be requested by Lender or any governmental
		authority relative to any substance, or any waste or by-product of any
		substance defined as toxic or a hazardous substance under applicable federal,
		state, or local law, rule, regulation, order or directive, at or affecting any
		property or any facility owned, leased or used by Borrower.
	 

	 
		Compliance with Governmental Requirements,
		Comply with all laws, ordinances, and regulations, now or hereafter in effect,
		of all governmental authorities applicable to the conduct of Borrower’s
		properties, businesses and operations, and to the use or occupancy of the
		Collateral, including without limitation, the Americans With Disabilities Act,
		Borrower may contest in good faith any such law, ordinance, or regulation and
		withhold compliance during any proceeding, including appropriate appeals, so
		long as Borrower has notified Lender in writing prior to doing so and so tong
		as, in Lender’s sole opinion, Lender’s interests in the Collateral
		are not jeopardized. Lender may require Borrower to post adequate security or a
		surely bond, reasonably satisfactory to Lender, to protect Lender’s
		interest.
	 

	 
		Inspection. Permit employees or agents of
		Lender at any reasonable time to inspect any and all Collateral for the Loan or
		Loans and Borrower’s other properties and to examine or audit
		Borrower’s books, accounts, and records and to make copies and memoranda
		of Borrower’s books, accounts, and records. If Borrower now or at any time
		hereafter maintains any records (including without limitation computer
		generated records and computer software programs for the generation of such
		records) in the possession of a third party, Borrower, upon request of Lender,
		shall notify such party to permit. Lender free access to such records at all
		reasonable times and to provide Lender with copies of any records it may
		request, all at Borrower’s expense,
	 

	 
		Environmental Compliance and Reports.
		Borrower shall comply in all respects with any and all Environmental Laws; not
		cause or permit to exist, as a result of an intentional or unintentional action
		or omission on Borrower’s part or on the part 01 any third party, on
		property owned and/or occupied by Borrower, any environmental activity where
		damage may result to the environment, unless such environmental activity is
		pursuant to and in compliance with the conditions of a permit issued by the
		appropriate federal, state or local governmental authorities; shall furnish to
		Lender promptly and in any event within thirty (30) days after receipt thereof
		a copy of any notice, summons, lien, citation, directive, letter or other
		communication from any governmental agency or instrumentality concerning any
		intentional or unintentional action or omission on Borrower’s part in
		connection with any environmental activity whether or not there is damage to
		the environment and/or other natural resources.
	 

	 
		Additional Assurances, Make, execute arid
		deliver to Lender such promissory notes, mortgages, deeds of trust, security
		agreements, assignments, financing statements, instruments, documents and other
		agreements as Lender or its attorneys may reasonably request to evidence and
		secure the Loans and to perfect ail Security Interests.
	 

	 
		RECOVERY OF ADDITIONAL COSTS. If the
		imposition of or any change in any law, rule, regulation or guideline, or the
		Interpretation or application of any thereof by any court or administrative or
		governmental authority (including any request or policy not having the force
		law) shall impose, modify or make applicable any taxes (except federal, state
		or local income or franchise taxes imposed on Lender), reserve requirements,
		capital adequacy requirements or other obligations which would (A) increase the
		cost to Lender for extending or maintaining the credit facilities to which this
		Agreement relates, (fa) reduce the amounts payable to Lender under this
		Agreement or the Related Documents, or (C) reduce the rate of return on
		Lender’s capital as a consequence of Lender’s obligations with
		respect to the credit facilities to. which this Agreement relates,
		then Borrower agrees to pay Lender such additional amounts as will
	 

	 
		 
	 

	 
	 

	 

	 
			
				
				  Loan No: 8037206052
				

			 	
				
				  ASSIGNMENT OF DEPOSIT
				  ACCOUNT
 (Continued)
				

			 	
				
				  Page 3
				

			 

 

	 
		 
	 

	 
		 
	 

	 
		compensate Lender therefor, within five (5)
		days after Lender’s written demand for such payment, which demand shall be
		accompanied by an explanation of such imposition or charge and a calculation in
		reasonable detail of the additional amounts payable by Borrower, which
		explanation and calculations shall be GMICkiSiv0 in the absence of manifest
		error.
	 

	 
		LENDER’S EXPENDITURES. If any action or
		proceeding is commenced that would materially affect Lenders interest in the
		Collateral Of if Borrower fails to comply with any provision of this Agreement
		or any Related Documents, including but not limited to Borrower’s failure
		to discharge or pay when due any amounts Borrower is required to discharge or
		pay under thie Agreement or any Related Documents, Lender on Borrowers behalf
		may (but shall not be obligated to) take any action that Lender deems
		appropriate, Including but not limited to disci iarging or paying all taxes,
		liens. security Interests, encumbrances and other claims, at any time levied or
		placed on any Collateral and paying all costs for insuring, maintaining and
		preserving any Collateral. All such expenditures incurred or paid by Lender for
		such purposes will then hear merest at the rate charged under the Note from the
		date incurred or paid by Lender to the date of repayment by Borrower. All such
		expenses will become a part of the Indebtedness and, at Lender’s option,
		will (A) he payable on demand; (B) be added to the balance of the Note arra be
		apportioned among and be payable with any installment payments to become due
		during either (1) the term of any applicable insurance ;policy; or (2) the
		remaining term of the Note; or (C) be treated as a balloon payment which will
		be due and payable at the Note’s maturity.
	 

	 
		CESSATION EXPENDITURES. If Lender has made
		any commitment to make any Loan to Borrower, whether under this Agreemei it or
		under any other agreement, Lender shall have no obligation to make Loan
		Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor
		is, in default under the terms of this Agreement or any of the
		Related Documents or any other agreement that Borrower or any Guarantor has
		with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes
		insolvent, files a petition in bankruptcy or similar proceedirrea. or is
		adjudged a bankrupt; (C) there occurs a material adverse change in
		Borrower’s financial condition, in the financial condition of are
		Guarantor, or in the value of any Collateral securing any Loan; or (D) any
		Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such
		Guarantor’s guaranty of the Loan or any other loan with Lender; or (E)
		Lender in good faith deems itself insecure, oven though no Event of Default
		shall have occurred.
	 

	 
		RIGHT OF SETOFF. To the extent permitted by
		applicable law, Lender reserves a right of setoff in all Borrower’s
		accounts with Lender (whether checking, savings, or some other account). This
		includes all accounts Borrower holds jointly with someone else and all accounts
		Borrower may open in the future. However, this does not include any IRA or
		Keogh accounts, or any trust accounts for which setoff would be prohibited ley
		law. Borrower authorizes Lender, to the extent permitted by applicable law, to
		charge or setoff all sums owing on the Indebtedness against any arid all such
		accounts.
	 

	 
		DEFAULT. Each of the following shall
		constitute an Event of Default under this Agreement:
	 

	 
		Payment Default. Borrower fails to make any
		payment when due under the Loan.
	 

	 
		Other Defaults. Borrower fails to comply with
		or to perform any other term, obligation, covenant or condition contained in
		this Agreement or in any of the Related Documents or to comply with or to
		perform any term, obligation, covenant or condition contained in any other
		agreement between Lender and Borrower.
	 

	 
		False Statements. Any warranty,
		representation or statement made or furnished to Lender by Borrower or on
		Borrower’s behalf under this Agreement or the Related Documents is false
		or misleading in any material respect, either now or at the time made or
		furnished or becomes , false or misleading at any time thereafter.
	 

	 
		Insolvency. The dissolution or (emanation of
		Borrower’s existence as a going business, the insolvency of Borrower, Me
		appointment of a receiver for any part of Borrower’s property, any
		assignment for the benefit of creditors, any type of creditor workout, or the
		commencement of any proceeding under any bankruptcy or insolvency laws by or
		against Borrower.
	 

	 
		Defective Collateralization, This Agreement
		or any of the Related Documents ceases to be in full force and effect
		(including failure or any collateral document to create a valid and perfected
		security interest or lien) at any time and for any reason.
	 

	 
		Creditor or Forfeiture Proceedings.
		Commencement of foreclosure or forfeiture proceedings, whether by judicial
		proceeding, self-kelp, repossession or any other method, by any creditor of
		Borrower or by any governmental agency against any collateral securing the
		Loan. This Includes a garnishment of any of Borrower’s accounts, Including
		deposit accounts, with Lender. However, this Event of Default shall not apply
		if there is a good faith dispute by Borrower as to the validity or
		reasonableness of the claim which is the basis of the creditor or forfeiture
		proceeding and if Borrower gives Lender written notice of the creditor or
		forfeiture proceeding and deposits with Lender ninnies or a surety bond for the
		creditor or forfeiture proceeding, in an amount determined by Lender, in its
		sole discretion, as being an adequate reserve or bond for the dispute.
	 

	 
		Events Affecting Guarantor. Any of the
		preceding events occurs with respect to any Guarantor of any of the
		Indebtedness or arty Guarantor dies or becomes incompetent, or revokes or
		disputes the validity of, or liability under, any Guaranty of the indebtedness.
		In the event of a death, Lender, at its option, may, but shall not be required
		to, permit the Guarantor’s estate to assume unconditionally the
		obligations arising under the guaranty in a manner satisfactory to Lender, and,
		in doing so, cure any Event of Default_
	 

	 
		Change in Ownership. Any change in ownership
		of twenty-five percent (25%) or more of the common stock of Borrower.
	 

	 
		Adverse Change. A material adverse change
		occurs in Borrower’s financial condition, or Lender believes the prospect
		of payment or performance of the Loan is impaired.
	 

	 
		Insecurity, Lender in good faith believes
		itself insecure,
	 

	 
		  
	 

	 
		EFFECT OF AN EVENT OF DEFAULT. if any Event
		of Default shall occur, except where otherwise provided in this Agreement or
		the Related Documents, all commitments and obligations of Lender under this
		Agreement or the Related Documents or any other agreement immediately will
		terminate (including any obligation to make further Loan Advances or
		disbursements), and, at Lender’s option, all Indebtedness immediately will
		become due and payable, all without notice of any kind to Borrower, except that
		in the case of an Event of Default of the type described in the
		“Insolvency” subsection above, such acceleration shall be automatic
		and not optional. In addition, Lender shall have all the rights anti remedies
		provided In She Related Documents or available at law, In equity, or otherwise.
		Except as may be prohibited by applicable law, all of Lender’s rights and
		remedies shall be cumulative and may be exercised singularly or concurrently.
		Election by Lender to pursue any remedy shall not exclude pursuit of any other
		remedy, and an election to make expenditures or to take action to perform an
		obligation of Borrower or of Eery Grantor shall not affect Lender’s right
		to declare a default and to exercise Its rights and remedies.
	 

	 
		MISCELLANEOUS PROVISIONS. The following
		miscellaneous provisions are a part of this Agreement:
	 

	 
		Amendments. This Agreement, together with any
		Related Documents, constitutes the entire understanding and agreement of the
		panics as to the matters sot forth in this Agreement. No alteration of or
		amendment to this Agreement shall be effective unless given in writing and
		signed by the party or parties sought to be charged or bound by the alteration
		or amendment.
	 

	 
		Attorneys’ Fees; Expenses, Borrower
		agrees to pay upon demand all of Lender’s costs arid expenses, including
		Lender’s reesonable attorneys’ fees and Lender’s legal expenses,
		incurred in connection with the enforcement of this Agreement, tender may hire
		or pay someone else to help enforce this Agreement, and Borrower shall pay tire
		costs and expenses of such enforcement. Costs and expenses include
		Lender’s reasonable attorneys’ fees and legal expenses whether or not
		there Is a lawsuit, including reasonable attorneys’ fees anti legal
		expenses for bankruptcy proceedings (including efforts to modify or vacate any
		automatic stay or injunction), appeals, and any anticipated post-judgment
		collection services. Borrower also shall pay all court costs and such
		additional fees as may be directed by Mc court.
	 

	 
		Caption Headings. Caption headings in this
		Agreement are for convenience purposes only and are not to be used to interpret
		or define tile provisions of this Agreement,
	 

	 
		Consent to Loan Participation. Borrower
		agrees and consents to Lender’s sate or transfer, whether now or later, of
		one or more participation interests in the Loan to orie or more purchasers,
		whether related or unrelated to Lender. Lender may provide, without any
		limitation whatsoever, to any one or more purchasers, or potential purchasers,
		any information or knowledge Lander may have about Borrower or about any other
		matter relating to the Loan, and Borrower hereby waives any rights to privacy
		Borrower may have with respect to such matters. Borrower additionally waives
		any and all notices of sale of participation interests, as well as all notices
		of any repurchase of such participation interests. Borrower also agrees that
		the purchasers of any such participation interests will be considered ae the
		absolute owners of such interests in the Loan and will have all the rights
		granted under the participation agreement or agreements governing the sale of
		such participation interests. Borrower further waives all rights of offset or
		counterclaim that it may have now or later against Lender or against any
		purchaser of such a participation interest and unconditionally agrees that
		either Lender or such purchaser may enforce Borrower’s obligation under
		the Loan irrespective of the failure or Insolvency of any holder of any
		interest in. the Loan. Borrower further agrees that the purchaser of
		any such participation interests may enforce its interests irrespective of any
		persona! claims or defenses that Borrower may have against Lender,
	 

	 
		Governing Law. This Agreement will be
		governed by federal law applicable to Lender and; to the extent not
		preempted by federal LAW, THE LAWS OF THE State of Florida without regard to
		its conflicts of law provisions. This Agreement has been accepted by Lender in
		the State of Florida.
	 

	 
		No Waiver by Lender. Lander shall not be
		deemed to have waived any rights under this Agreement unless such waiver is
		given in writing and signed by Lender. No delay or omission on the part of
		Lender in exercising any right shall operate as e waiver ,of such
		right or any other right. A waiver by Lender of a provision of this Agreement
		shall not prejudice or constitute a waiver of Lender’s right otherwise to
		demand strict compliance with that provision or any other provision of this
		Agreement. No prior waiver by Lender, nor any- course f dealing between Lender
		and Borrower, or between Lender and any Grantor, shall constitute a waiver of
		any of Lender’s rights or of any of Borrower’s or any Grantor’s
		obligations as to any future transactions. Whenever the consent of Lender is
		required under this Agreement, the granting of such consent by Lender in any
		instance shall not constitute continuing consent to subsequent instances where
		such consent is required and in all cases such consent may be granted or
		withheld in the sole discretion of Lender,
	 

	 
		 
	 

	 
	 

	 

	 
			
				
				  Loan No: 8037206052
				

			 	
				
				  ASSIGNMENT OF DEPOSIT
				  ACCOUNT
 (Continued)
				

			 	
				
				  Page 4
				

			 

 

	 
		 
	 

	 
		 
	 

	 
		Notices. Any notice required to be given
		under this Agreement shall be given in writing, and shall be effective when
		actually delivered, when actually received by telefacsimile (unless otherwise
		required by law), when deposited with a nationally recognized overnight
		courier, or, if mailed, when deposited in the United States mall, as first
		class, codified or registered mail postage prepaid, directed to the addresses
		shown near the beginning of this Agreement. Any party may change its address
		for notices under this Agreement by giving written notice to the other parties,
		specifying that the purpose of the notice Is to change the party’s
		address. For notice purposes, Borrower agrees to keep Lender informed at all
		times of Borrower’s current address. Unless otherwise provided or required
		by law, if there is more than one Borrower, any notice given by Lender to any
		Borrower is deemed to he notice given to all Borrowers.
	 

	 
		Severabillty. If a court of competent
		jurisdiction finds any provision of this Agreement to be illegal, invalid, or
		unenforceable as to any circumstance, that finding shall not make the offending
		provision illegal, invalid, or unenforceable as to any other circumstance. 11
		feasible, the offending provision shall be considered modified so that it
		becomes legal, valid and enforceable. If the offending provision cannot be so
		modified, it shall be considered deleted from this Agreement. Unless otherwise
		required by law, the illegality, invalidity, or unenforceability of any
		provision of this Agreement shall not affect the legality, validity or
		enforceability of any other provision of this Agreement.
	 

	 
		Subsidiaries and Affiliates of Borrower. To
		the extent the context of any provisions of this Agreement makes it
		appropriate, including without limitation any representation, warranty or
		covenant, the word “Borrower” as used in this Agreement shall include
		all of Borrower’s subsidiaries and affiliates. Notwithstanding the
		foregoing however, under no circumstances shall this Agreement be construed to
		require Lender to make any Loan or other financial accommodation to any of
		Borrower’s subsidiaries or affiliates.
	 

	 
		Successors and Assigns, All covenants and
		agreements by or on behalf of Borrower contained in this Agreement or any
		Related Documents shall bind Borrower’s successors and assigns and shall
		inure to the benefit of Lender and Its successors and assigns. Borrower shall
		not, however, have the right to assign Borrower’s rights under this
		Agreement or any interest therein, without the prior written consent of
		Lender.
	 

	 
		Survival of Representations and Warranties,
		Borrower understands and agrees that in extending Loan Advances, Lender is
		relying on all representations, warranties, and covenants made by Borrower in
		this Agreement or in any certificate or other instrument delivered -by Borrower
		to Lender under this Agreement or the Related Documents. Borrower further
		agrees that regardless of any investigation made by Lender, all such
		representations, warranties and covenants will survive the extension of Loan
		Advances and delivery to Lender of the Related Documents, shall be continuing
		in nature, shall be deemed made and related by Borrower at the firma each Loan
		Advance is made, and shall remain In full force and effect until such time as
		Borrower’s indebtedness shall be paid in full, or until this Agreement
		shall be terminated in the manner provided above, whichever is the Iasi to
		occur.
	 

	 
		Time is of the Essence. Time is of the
		essence in the performance of this Agreement.
	 

	 
		Waive Jury. All parties to this Agreement
		hereby waive the right to any jury trial in any action, proceeding, or
		counterclaim brought by any party against any other party.
	 

	 
		DEFINITIONS. The following capitalized words
		and terms shall have the following meanings when used in this Agreement. Unless
		specifically stated to the contrary, all references to dollar amounts shall
		mean amounts in lawful money of the United States of America. Words and tenons
		Used in the singular shall include the plural, and the plural shall include the
		singular, as the context may require. Words and terms not otherwise defined in
		this Agreement shall have the meanings attributed to such terms in the Uniform
		Commercial Code. Accounting words and terms riot otherwise defined in this
		Agreement shall have the meanings assigned to them in accordance with generally
		accepted accounting principles as in effect on the date of this
		Agreement:
	 

	 
		Advance. The word “Advance” means a
		disbursement of Loan funds made, or to be made, to Borrower or on
		Borrower’s behalf on a line of credit or multiple advance basis under the
		terms and conditions of this Agreement.
	 

	 
		Agreement. The word “Agreement”
		means this Business Loan Agreement, as this Business Loan Agreement may be
		amended or modified from time to time, together with all exhibits and schedules
		attached to this Business Loan Agreement from time to time.
	 

	 
		Borrower. The word “Borrower” means
		Vicor Technologies, Inc. and includes all co-signers and co-makers signing the
		Note and ail their successors and assigns.
	 

	 
		Collateral. The word “Collateral”
		means all property and assets granted as collateral security for a Loan,
		whether real or personal property. whether granted directly or indirectly,
		whether granted now or in the future, and whether granted in the form of a
		security interest, mortgage, collateral mortgage, deed of trust, assignment,
		pledge, crop pledge, chattel mortgage, collateral chattel mortgage, chattel
		trust, factor’s lien, equipment trust, conditional sale, trust receipt,
		lien, charge, lien or title retention contract, lease or consignment intended
		as e security device, or any other security or lien interest whatsoever,
		whether created by law, contract, or otherwise.
	 

	 
		Environmental Laws. The words
		“Environmental Laws” mean any and ail state, federal and local
		statutes, regulations and ordinances relating to the protection of human health
		or the environment, including without limitation the Comprehensive
		Environmental Response, Compensation, and Liability Act of 1980, as amended, 42
		U.S.C. Section 9601, et seq. (“CERCL.A”), the Superfund Amendments
		and Reauthorization Act of 1986, Pub. L. No. 99-499 (“SARA”), the
		Hazardous Materials Transportation Act, 49 U.S.C. Section 1001, et seq., the
		Resource Conservation and Recovery Act, 42 U.S.C. Section 6901, et seq., or
		other applicable slate or federal laws, rules, or regulations adopted pursuant
		thereto.
	 

	 
		Event of Default. The words “Event of
		Default” mean any of Ilia events of default set forth in this Agreement in
		the default section of this Agreement.
	 

	 
		GAAP. The word “GAAP” means
		generally accepted accounting principles.
	 

	 
		Grantor. The word “Grantor” means
		each and all of the persons or entities granting a Security Interest In any
		Collateral for the Loan, including without limitation all Borrowers granting
		such a Security Interest.
	 

	 
		Guarantor. The word “Guarantor”
		means any guarantor, surety, or accommodation party of any or ail of the
		Loan.
	 

	 
		Guaranty. The word “Guaranty” means
		the guaranty from Guarantor to Lender, including without limitation a guaranty
		of all or part of the Note.
	 

	 
		Hazardous Substances. The words
		“Hazardous Substances” mean materials that, because of their
		quantity, concentration or physical, chemical or infectious characteristics,
		may cause or pose a present or potential hazard to human health or the
		environment when improperly used, treated, stored, disposed of, generated,
		manufactured, transported or otherwise handled. The words “Hazardous
		Substances” are used In their very broadest sense and include without
		limitation any and all hazardous or toxic substances, materials eir waste as
		defined by or listed under the Environmental Laws_ The term “Hazardous
		Substances” also includes, without limitation, petroleum and petroleum
		by-products or any fraction thereof and asbestos.
	 

	 
		Indebtedness. The word
		“Indebtedness” means the indebtedness evidenced by the Note or
		Related Documents, including all principal eon interest together with all other
		indebtedness and costs and expenses for which Borrower is responsible under
		this Agreement or under is nv of the Related Documents.
	 

	 
		Lender, The word “Lender” means
		Colonial Bank, N.A., its SUCCie.SSOr$ and assigns.
	 

	 
		Loan. The word “Loan” means any and
		all loans and financial accornmodations from Lender to Borrower whether now or
		hereafter existing, and however evidenced, including without limitation those
		loans and financial accommodations described herein or described on any exhibit
		or schedule attached to this Agreement from time to time.
	 

	 
		Note. The word “Note” means the
		Note executed by Vicor Technologies, inn. in the principal amount of
		$200,000.00 dated February 25, 2007, together with all renewals of, extensions
		of, modifications of, refinancings of, consolidations of, and substitutions for
		the note or credit agreement.
	 

	 
		Related Documents. The words “Related
		Documents’ mean at promissory notes, credit agreements, loan agreements,
		environmental agreements, guaranties, security agreements, mortgages, deeds of
		trust, security deeds, collateral mortgages, and all other instruments,
		agreements and documents, whether now or hereafter existing, executed in
		connection with the Loan.
	 

	 
		Security Agreement. The words “Security
		Agreement” mean and include without limitation any agreements, promises,
		covenants, arrangements, understandings or other agreements, whether created by
		law, contract, or otherwise, evidencing, governing, representing, or creating a
		Security Interest.
	 

	 
		Security Interest, The words “Security
		Interest” mean, without limitation, any and all types of collateral
		security, present and tutu; e, whether in the form of a lien, charge,
		encumbrance, mortgage, deed of trust, security deed, assignment, pledge, crop
		pledge, chattel mortgage, collateral chattel mortgage, chattel trust,
		factor’s lien, equipment trust, conditional sale, trust receipt, lien or
		title retention contract, lease or consignment Intended as a security device,
		or any other security or lien interest whatsoever whether created by law,
		contract, or otherwise,
	 

	 
		 
	 

	 
		 
	 

	 
	 

	 

	 
		 
	 

	 
		 
	 

	 
			
				
				  Loan No: 8037206052
				

			 	
				
				  ASSIGNMENT OF DEPOSIT
				  ACCOUNT
 (Continued)
				

			 	
				
				  Page 5
				

			 
	 	 	 

 

	 
		 
	 

	 
		 
	 

	 
		BORROWER ACKNOWLEDGES HAVING READ ALL THE
		PROVISIONS OF THIS BUSINESS LOAN AGREEMENT AND BORROWER AGREES TO ITS TERMS,
		THIS BUSINESS LOAN AGREEMENT IS DATED FEBRUARY 26, 2007. 
	 

	 
		BORROWER:
	 

	 
		 
	 

	 
			
				
				  VICOR TECHNOLOGIES, INC.
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				  By: 
				

			 	
				
				  
  /s/ David H. Fater
				

			 	
				
				   
				

			 	
				
				  By: 
				

			 	
				
				  
 /s/ Jerry M. Anchin
				

			 
	
				
				   
				

			 	
				
				  David H. Fater, CEO of Vicor
				  Technologies, Inc.
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Jerry M. Anchin, Secretary of Vicor
				  Technologies, Inc.
				

			 

 

	 
		 
	 

	 
			
				
				  By: 
				

			 	
				
				  
  /s/ James E. Skinner
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				  James Ernest Skinner,
				  President/Director of Vicor Technologies, Inc.
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 

 

	 
		 
	 

	 
		LENDER;
	 

	 
		 
	 

	 
			
				
				  COLONIAL BANK, N.A.
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				  By: 
				

			 	
				
				  
 /s/ Alan Nadle
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				  Authorized Officer

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