Document:

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                                                                   Exhibit 10.13

                           LOAN AND SECURITY AGREEMENT

         THIS LOAN AND SECURITY AGREEMENT (this "Agreement") dated as of April
22, 2003 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 One Newton Executive Park, Suite
200, 2221 Washington Street, Newton, Massachusetts 02462, doing business under
the name "Silicon Valley East" ("Bank") and OPEN SOLUTIONS INC., a Delaware
corporation ("Borrower"), provides the terms on which Bank shall lend to
Borrower and Borrower 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 in this Agreement
shall have the meanings set forth in Section 13.

         2        LOAN AND TERMS OF PAYMENT

2.1      PROMISE TO PAY. Borrower hereby unconditionally promises to pay Bank
         the unpaid principal amount of all Credit Extensions and interest on
         the unpaid principal amount of the Credit Extensions as and when due in
         accordance with this Agreement.

         2.1.1    REVOLVING ADVANCES.

                  (a)      Availability. Bank shall make Advances not exceeding
(i) the lesser of (A) the Revolving Line or (B) the Borrowing Base minus (ii)
the amount of all outstanding Letters of Credit (including drawn but
unreimbursed Letters of Credit), minus (iii) the FX Reserve, and minus (iv) the
aggregate outstanding Advances hereunder (including any Cash Management
Services). Amounts borrowed under this Section may be repaid and reborrowed
during the term of this Agreement.

                  (b)      Borrowing Procedure. To obtain an Advance, Borrower
must notify Bank by facsimile or telephone by 3:00 p.m. Eastern time on the
Business Day the Advance is to be made. If such notification is by telephone,
Borrower must promptly confirm the notification by delivering to Bank a
completed Payment/Advance Form in the form attached as EXHIBIT B. Bank shall
credit Advances to Borrower's 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. Bank may rely on any telephone notice given
by a person whom Bank believes is a Responsible Officer or designee. Borrower
shall indemnify Bank for any loss Bank suffers due to such reliance.

                  (c)      Termination; Repayment. The Revolving Line terminates
on the Revolving Maturity Date, when the principal amount of all Advances and
the unpaid interest thereon, shall be immediately due and payable. The Borrower
may pay without penalty all or a portion of the Revolving Line before the
Revolving Maturity Date. Borrower may terminate this Agreement upon repayment of
all Obligations to the Bank hereunder.

         2.1.2    LETTERS OF CREDIT.

                  (a)      Bank shall issue or have issued Letters of Credit for
Borrower's account not exceeding (i) the lesser of the Revolving Line or the
Borrowing Base minus (ii) the outstanding principal balance of any Advances
(including any Cash Management Services), minus (iii) the amount of all Letters
of Credit (including drawn but unreimbursed Letters of Credit), plus an amount
equal to any Letter of Credit Reserves. The face amount of outstanding Letters
of Credit (including drawn but unreimbursed Letters of Credit and any Letter of
Credit Reserve) may not exceed Two Million Dollars ($ 2,000,000.00). Each Letter
of Credit shall have an expiry date no later than 180 days after the Revolving
Maturity Date provided Borrower's Letter of Credit reimbursement obligation
shall be secured by cash on terms acceptable to Bank on and after (i) the
Revolving Maturity Date if the term of this Agreement is not extended by Bank,
or (ii) the occurrence of an Event of Default hereunder. All Letters of Credit

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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 form of standard
Application and Letter of Credit Agreement. Borrower agrees to execute any
further documentation in connection with the Letters of Credit as Bank may
reasonably request.

                  (b)      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 and such Letters of Credit, under all circumstances whatsoever.
Borrower shall indemnify, defend, protect, and hold Bank harmless from any loss,
cost, expense or liability, including, without limitation, reasonable attorneys'
fees, arising out of or in connection with any Letters of Credit.

                  (c)      Borrower may request that Bank issue a Letter of
Credit payable in a currency other than United States Dollars. 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 cable
charges) in United States currency at the then prevailing rate of exchange in
San Francisco, California, for sales of that other currency for cable transfer
to the country of which it is the currency.

                  (d)      Upon the issuance of any letter of credit payable in
a currency other than United States Dollars, Bank shall create a reserve (the
"Letter of Credit Reserve") under the Revolving Line for letters of credit
against fluctuations in currency exchange rates, in an amount equal to ten
percent (10%) of the face amount of such letter of credit. The amount of such
reserve may be amended 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 reserve for so long as such letter of credit
remains outstanding.

         2.1.3    FOREIGN EXCHANGE SUBLIMIT. If there is availability under the
Revolving Line and the Borrowing Base, then Borrower may enter in foreign
exchange forward contracts with the Bank under which Borrower commits to
purchase from or sell to Bank a set amount of foreign currency more than one
business day after the contract date (the "FX Forward Contract"). Bank shall
subtract 10% of each outstanding FX Forward Contract from the foreign exchange
sublimit which is a maximum of Two Million Dollars ($2,000,000.00) (the "FX
Reserve")]. The total FX Forward Contracts at any one time may not exceed 10
times the amount of the FX Reserve. Bank may terminate the FX Forward Contracts
if an Event of Default occurs.

         2.1.4    CASH MANAGEMENT SERVICES SUBLIMIT. Borrower may use up to Two
Million Dollars ($2,000,000.00) for the Bank's cash management services, which
may include merchant services, direct deposit of payroll, business credit card,
and check cashing services identified in the various cash management services
agreements related to such cash management services (the "Cash Management
Services"). Such aggregate amounts utilized under the Cash Management Services
Sublimit shall at all times reduce the amount otherwise available for Credit
Extensions under the Revolving Line. 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.

         2.1.5    EQUIPMENT ADVANCES.

                  (a)      Availability. Through October 22, 2003 (the
"Equipment Availability End Date"), Bank shall make advances ("Equipment
Advance" and, collectively, "Equipment Advances") not exceeding the Equipment
Line. The Equipment Advances may only be used to finance Eligible Equipment
purchased on or after 90 days before the date of each Equipment Advance and no
Equipment Advances may exceed 100 % of the equipment invoice excluding taxes,
shipping, warranty charges, freight discounts and installation expense relating
to such Equipment, unless such costs constitute Other Equipment. Each Equipment
Advance must be for a minimum of Two Hundred Thousand Dollars ($200,000.00).
Subject to the foregoing conditions, the initial Equipment Advance hereunder may
include invoices dated on or after January 1, 2002 (the "Initial Advance")
provided such Initial Advance is requested within ten (10) days after the
Closing Date. After repayment, Equipment Advances may not be reborrowed.

                  (b)      Interest Rate. Interest accrues from the date of each
Equipment Advance at a per annum rate equal to the greater of: (i) the aggregate
of the Bank's Prime Rate, and one percent (1.0%) and (ii) five and
three-quarters of one percent (5.75%) and is payable monthly.

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                  (c)      Repayment. For each Equipment Advance, Borrower shall
make monthly payments of: (a) equal principal payments calculated by the Bank
based upon: (1) the amount of the Equipment Advance, and (2) an amortization
schedule equal to thirty (30) months plus (b) interest on the outstanding
principal amount of each Equipment Advance at the rate in Section 2.1.5(b)
(individually, the "Scheduled Payment", and collectively, "Scheduled Payments"),
on the first Business Day of the month following the month in which the Funding
Date occurs with respect to such Equipment Advance and continuing thereafter on
the first Business Day of each successive calendar month (each a "Payment
Date"). All unpaid principal and accrued interest is due and payable in full on
the last Payment Date with respect to such Equipment Advance. Payments received
after 3:00 p.m. Eastern time are considered received at the opening of business
on the next Business Day. The Borrower may pay without penalty all or a portion
of the Equipment Line owed earlier than it is due.

                  (d)      To obtain an Equipment Advance, Borrower must notify
Bank (the notice is irrevocable) by facsimile no later than 3:00 p.m. Eastern
time one (1) Business Day before the day on which the Equipment Advance is to be
made. The notice in the form of EXHIBIT B (Payment/Advance Form) must be signed
by a Responsible Officer or designee and include a copy of the invoice for the
Equipment being financed.

         2.1.6    UNDISBURSED CREDIT EXTENSIONS. The Bank's obligation to lend
the undisbursed portion of the Obligations shall terminate if, in Bank's sole
discretion, there has been a material adverse change in the general affairs,
management, results of operation, condition (financial or otherwise) or the
prospect of repayment of the Obligations, or there has been any material adverse
deviation by Borrower from the most recent business plan of Borrower presented
to and accepted by Bank prior to the execution of this Agreement.

2.2      OVERADVANCES. If Borrower's Obligations under Section 2.1.1, 2.1.2,
         2.1.3, and 2.1.4 exceed the lesser of either (i) the Revolving Line or
         (ii) the Borrowing Base, Borrower must immediately pay in cash to Bank
         the excess.

2.3      INTEREST RATE; PAYMENTS.

                  (a)      Interest Rate. The principal amounts outstanding
under the Revolving Line shall accrue interest at a per annum rate equal to the
greater of: (i) the aggregate of the Bank's Prime Rate, and one-half of one
percent (.50%) and (ii) five and one-quarter of one percent (5.25%). After an
Event of Default, Obligations shall bear interest at three percent (3.0%) above
the rate effective immediately before the Event of Default. The applicable
interest rate hereunder shall increase or decrease when the Prime Rate changes.
Interest is computed on the basis of a 360 day year for the actual number of
days elapsed.

                  (b)      Payments. Interest is payable on the Payment Date of
each month. Payments received after 3:00 p.m. Eastern 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.

                  (c)      Debit of Accounts. Bank may debit any of Borrower's
deposit accounts including Account Number _______________ for current principal
and interest payments then due for such month or any amounts Borrower owes Bank.
Bank shall promptly notify Borrower when it debits Borrower's accounts. These
debits are not a set-off but automatic payments.

2.4      FEES.  Borrower shall pay to Bank:

                  (a)      Equipment Line Facility Fee. A fully earned,
non-refundable facility fee, in an amount equal to one quarter of one percent
(0.25%) of the total Equipment Advances advanced by Bank as of the Equipment
Availability End Date, as determined by the Bank ; and

                  (b)      Unused Revolving Line Facility Fee. In addition to
the foregoing, as compensation for the Bank's maintenance of sufficient funds
available for such purpose, the Bank shall have earned a Unused Revolving Line
Facility Fee (so referred to herein), which fee shall be paid quarterly, in
arrears, on a calendar year basis, in an amount equal to one quarter of one
percent (0.25%) of the average unused portion of the Revolving

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Line, as determined by the Bank. The Borrower shall not be entitled to any
credit, rebate or repayment of any Facility Fee previously earned by the Bank
pursuant to this Section notwithstanding any termination of the within
Agreement, or suspension or termination of the Bank's obligation to make loans
and advances hereunder;

                  (c)      Bank Expenses. All Bank Expenses (including
reasonable attorneys' fees and expenses incurred through and after the Closing
Date) when due. The Borrower has paid a good faith deposit in the amount of Ten
Thousand Dollars ($10,000.00) which shall be used toward the Bank's Expenses in
connection with the negotiation and documentation of this Agreement and the Loan
Documents.

         3        CONDITIONS OF LOANS

3.1      CONDITIONS PRECEDENT TO INITIAL CREDIT EXTENSION. The 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, the following:

                  (a)      this Agreement;

                  (b)      a certificate of the Secretary of Borrower with
         respect to articles, bylaws, incumbency and resolutions authorizing the
         execution and delivery of this Agreement;

                  (c)      Negative Pledge Agreement covering Intellectual
         Property;

                  (d)      landlord's waiver;

                  (e)      a legal opinion of Borrower's counsel, in form and
         substance acceptable to Bank;

                  (f)      financing statements (Forms UCC-1);

                  (g)      Account Control Agreement/ Investment Account Control
         Agreement

                  (h)      insurance certificate;

                  (i)      payment of the fees and Bank Expenses then due
         specified in Section 2.4 hereof;

                  (j)      Certificate of Foreign Qualification- Connecticut;

                  (k)      Certificate of Good Standing/Legal Existence-
         Delaware; and

                  (l)      such other documents, and completion of such other
         matters, as Bank may reasonably deem necessary or appropriate.

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)      timely receipt of any Payment/Advance Form; and

                  (b)      the representations and warranties in Section 5 shall
be materially true on the date of the Payment/Advance Form and on the effective
date of each Credit Extension and no 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 (except for representations and warranties
applicable to a specific date).

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         4        CREATION OF SECURITY INTEREST

4.1      GRANT OF SECURITY INTEREST. Borrower hereby grants Bank, to secure the
         payment and performance in full of all of the Obligations and the
         performance of each of Borrower's duties under the Loan Documents, a
         continuing security interest in, and pledges and assigns to the Bank,
         the Collateral, wherever located, whether now owned or hereafter
         acquired or arising, and all proceeds and products thereof. The
         security interest granted in this Section 4.1 shall terminate
         immediately upon satisfaction in full of all Obligations and written
         termination of this Agreement by the Bank. At such time the Bank agrees
         to execute any and all documents necessary to release its security
         interest in the Collateral created hereunder. Borrower warrants and
         represents that the security interest granted herein shall be a first
         priority security interest in the Collateral. Bank may place a "hold"
         on any deposit account pledged as Collateral.

Except as noted on the Perfection Certificate, Borrower is not a party to, nor
is bound by, any license or other material agreement with respect to which the
Borrower is the licensee that prohibits or otherwise restricts Borrower from
granting a security interest in Borrower's interest in such material license or
agreement or any other property. Without prior consent from Bank, Borrower shall
not enter into, or become bound by, any such license or agreement which is
reasonably likely to have a material impact on Borrower's business or financial
condition. Borrower shall take such steps as Bank reasonably requests to obtain
the consent of, or waiver by, any person whose consent or waiver is necessary
for all such material 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, whether now
existing or entered into in the future.

Borrower agrees that any disposition of the Collateral in violation of this
Agreement, by either the Borrower or any other Person, shall be deemed to
violate the rights of the Bank under the Code. If the Agreement is terminated,
Bank's lien and security interest in the Collateral shall continue until
Borrower fully satisfies its Obligations. If Borrower shall at any time, acquire
a commercial tort claim, Borrower shall promptly notify Bank in a writing signed
by Borrower of the brief 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 satisfactory to
Bank.

         4.2      AUTHORIZATION TO FILE FINANCING STATEMENTS. Borrower hereby
authorizes Bank to file financing statements, without notice to Borrower, with
all appropriate jurisdictions in order to perfect or protect Bank's interest or
rights hereunder.

         5        REPRESENTATIONS AND WARRANTIES

         Borrower represents and warrants as follows:

5.1      DUE ORGANIZATION AND AUTHORIZATION. Borrower is duly existing and in
         good standing in its state of formation and qualified and licensed to
         do business in, and in good standing in, any state in which the conduct
         of its business or its ownership of property requires that it be
         qualified except where the failure to do so could not reasonably be
         expected to cause a Material Adverse Change. In connection with this
         Agreement, the Borrower delivered to the Bank a certificate signed by
         the Borrower and entitled "Perfection Certificate". The Borrower
         represents and warrants to the Bank that: (a) the Borrower's exact
         legal name is that indicated on the Perfection Certificate and on the
         signature page hereof; and (b) the Borrower is an organization of the
         type, and is organized in the jurisdiction, set forth in the Perfection
         Certificate; and (c) the Perfection Certificate accurately sets forth
         the Borrower's organizational identification number or accurately
         states that the Borrower has none; and (d) the Perfection Certificate
         accurately sets forth the Borrower's place of business, or, if more
         than one, its chief executive off-ice as well as the Borrower's mailing
         address if different, and (e) all other information set forth on the
         Perfection Certificate pertaining to the Borrower is accurate and
         complete. If the Borrower does not now have an organizational
         identification number, but later obtains one, Borrower shall forthwith
         notify the Bank of such organizational identification number.

         The execution, delivery and performance of the Loan Documents have been
duly authorized, and do not conflict with Borrower's organizational documents,
nor constitute an event of default under any material agreement

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by which Borrower is bound. Borrower is not in default under any agreement to
which or by which it is bound in which the default could reasonably be expected
to cause a Material Adverse Change.

5.2      COLLATERAL. Borrower has good title to the Collateral, free of Liens
         except Permitted Liens. Borrower has no deposit account, other than the
         deposit accounts with Bank and deposit accounts described in the
         Perfection Certificate delivered to the Bank in connection herewith.
         The Accounts are bona fide, existing obligations, and the service or
         property has been performed or delivered to the account debtor or its
         agent for immediate shipment to and unconditional acceptance by the
         account debtor. The Collateral is not in the possession of any third
         party bailee (such as a warehouse). Except as hereafter disclosed to
         the Bank in writing by Borrower, none of the components of the
         Collateral shall be maintained at locations other than as provided in
         the Perfection Certificate. In the event that Borrower, after the date
         hereof, intends to store or otherwise deliver any portion of the
         Collateral to a bailee, then Borrower will first receive the written
         consent of Bank and such bailee must acknowledge in writing that the
         bailee is holding such Collateral for the benefit of Bank. Borrower has
         no knowledge of any actual or imminent Insolvency Proceeding of any
         account debtor whose accounts are an Eligible Account in any Borrowing
         Base Certificate. All Inventory is in all material respects of good and
         marketable quality, free from material defects.

5.3      LITIGATION. Except as shown in the Perfection Certificate, there are no
         actions or proceedings pending or, to the knowledge of Borrower's
         Responsible Officers or legal counsel, threatened by or against
         Borrower in which an adverse decision could reasonably be expected to
         cause a Material Adverse Change.

5.4      NO MATERIAL DEVIATION IN FINANCIAL STATEMENTS. All consolidated
         financial statements for Borrower delivered to Bank fairly present in
         all material respects Borrower's consolidated financial condition and
         Borrower's consolidated results of operations. There has not been any
         material deterioration in Borrower's consolidated financial condition
         since the date of the most recent financial statements submitted to
         Bank.

5.5      SOLVENCY. The fair salable value of Borrower's assets (including
         goodwill minus disposition costs) exceeds the fair value of its
         liabilities; the Borrower is not left with unreasonably small capital
         after the transactions in this Agreement; and Borrower is able to pay
         its debts (including trade debts) as they mature.

5.6      REGULATORY COMPLIANCE. Borrower is not an "investment company" or a
         company "controlled" by an "investment company" under the Investment
         Company Act. Borrower is not 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). Borrower has complied in all
         material respects with the Federal Fair Labor Standards Act. Borrower
         has not violated any laws, ordinances or rules, the violation of which
         could reasonably be expected to cause a Material Adverse Change. None
         of Borrower's properties or assets has been used by Borrower, in
         disposing, producing, storing, treating, or transporting any hazardous
         substance other than legally. Borrower has timely filed all required
         tax returns and paid when due, or made adequate provision to pay, all
         material taxes, except those being contested in good faith with
         adequate reserves under GAAP. Borrower has 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 except where the
         failure to make such declarations, notices or filings would not
         reasonably be expected to cause a Material Adverse Change.

5.7      PERMITTED INVESTMENTS. Borrower does not own any stock, partnership
         interest or other equity securities except for Permitted Investments.

5.8      FULL DISCLOSURE. No written representation, warranty or other statement
         of Borrower in any certificate or written statement given to Bank 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
         Borrower 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).

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         6        AFFIRMATIVE COVENANTS

         Borrower shall do all of the following:

6.1      GOVERNMENT COMPLIANCE. Borrower shall maintain its legal existence and
         good standing in its jurisdiction 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 with all laws,
         ordinances and regulations to which it is subject, noncompliance with
         which could have a material adverse effect on Borrower's business or
         operations or would reasonably be expected to cause a Material Adverse
         Change.

6.2      FINANCIAL STATEMENTS, REPORTS, CERTIFICATES.

                  (a)      Borrower shall 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
Borrower's consolidated 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 one hundred and twenty (120) days after the last day of Borrower's
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 reasonably
acceptable to Bank; (iii) in the event that the Borrower's stock becomes
publicly held, within five (5) days of filing, copies of all statements, reports
and notices made available to Borrower's security holders or to any holders of
Subordinated Debt and all reports on Form 10-K, 10-Q and 8-K filed with the
Securities and Exchange Commission; (iv) a prompt report of any legal actions
pending or overtly threatened against Borrower that could result in damages or
costs to Borrower of Two Hundred Fifty Thousand Dollars ($250,000.00) or more;
and (vi)other financial information reasonably requested by Bank.

                  (b)      Within thirty (30) days after the last day of each
month in which Advances were outstanding under the Revolving Line, or Credit
Extensions other than Advances are issued or outstanding in excess of Five
Hundred Thousand Dollars ($500,000.00), Borrower shall deliver to Bank a
Borrowing Base Certificate signed by a Responsible Officer in the form of
EXHIBIT C, with aged listings of accounts receivable (by invoice date).

                  (c)      Borrower shall also deliver to Bank with the monthly
and annual financial statements a Compliance Certificate signed by a Responsible
Officer in the form of EXHIBIT D.

                  (d)      Allow Bank to audit Borrower's Collateral at
Borrower's expense. Such audits shall be conducted no more often than once every
twelve (12) months unless an Event of Default has occurred and is continuing.
Notwithstanding the foregoing, the initial audit shall occur before any Advances
are made.

6.3      INVENTORY; RETURNS. Borrower shall keep all Inventory in good and
         marketable condition, free from material defects. Returns and
         allowances between Borrower and its account debtors shall follow
         Borrower's customary practices as they exist at the Closing Date.
         Borrower must promptly notify Bank of all returns, recoveries, disputes
         and claims that involve more than Two Hundred and Fifty Thousand
         Dollars ($250,000.00).

6.4      TAXES. Borrower shall make, and cause each Subsidiary to make, timely
         payment of all material federal, state, and local taxes or assessments
         (other than taxes and assessments which Borrower is contesting in good
         faith, with adequate reserves maintained in accordance with GA AP) and
         will deliver to Bank, on dem and, appropriate certificates attesting to
         such payments.

6.5      INSURANCE. Borrower shall keep its business and the Collateral insured
         for risks and in amounts, 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 an additional loss payee and all
         liability policies shall show the Bank as an additional insured and all
         policies shall provide that the insurer must give Bank at least twenty
         (20) days notice before canceling

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         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. Notwithstanding the foregoing, so long as no Event
         of Default has occurred and is continuing, Borrower shall have the
         option of applying the proceeds of any casualty policy up to
         $150,000.00, in the aggregate, toward the replacement or repair of
         destroyed or damaged property; provided that (i) any such replaced or
         repaired property (a) shall be of equal or like value as the replaced
         or repaired Collateral and (b) shall be deemed Collateral in which Bank
         has been granted a first priority security interest and (ii) after the
         occurrence and during the continuation of an Event of Default all
         proceeds payable under such casualty policy shall, at the option of the
         Bank, be payable to Bank on account of the Obligations. If Borrower
         fails to obtain insurance as required under Section 6.5 or to pay any
         amount or furnish any required proof of payment to third persons and
         the Bank, Bank may make all or part of such payment or obtain such
         insurance policies required in Section 6.5, and take any action under
         the policies Bank deems prudent.

6.6      ACCOUNTS.

                  (a)      In order to permit the Bank to monitor the Borrower's
financial performance and condition, Borrower shall maintain its primary
depository, operating, and securities account with Bank and a portion of the
Borrower's cash or securities in excess of that amount used for Borrower's
operations shall be maintained or administered through the Bank. Accounts
maintained at Bank by the Borrower shall not, at anytime, fall below an amount
of One Million Five Hundred Thousand Dollars ($1,500,000.00).

                  (b)      Borrower shall identify to Bank, in writing, any bank
or securities account opened by Borrower with any institution other than Bank.
In addition, for each such account that the Borrower at anytime opens or
maintains, Borrower shall, at the Bank's request and option, pursuant to an
agreement inform and substance acceptable to the Bank, cause the depositary bank
or securities intermediary to agree that such account is the collateral of the
Bank pursuant to 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 the
Borrower's employees.

6.7      FINANCIAL COVENANTS.

         Borrower shall maintain at all times, to be tested as of the last day
of each quarter, unless otherwise noted:

                  (a)      MINIMUM NET PROFIT. (i) Quarterly Net Losses not to
         exceed One Million Dollars ($1,000,000.00) for the Borrower's quarters
         ending December 31, 2002 and March 31, 2003; and (ii) Quarterly Net
         Profits of at least (A) One Dollar ($1.00) for the Borrower's fiscal
         quarter ending June 30, 2003; and (B) Five Hundred Thousand Dollars for
         the Borrower's quarter ending September 30, 2003 and for each quarter
         thereafter.

6.8      FURTHER ASSURANCES. Borrower shall execute any further instruments and
         take further action as Bank reasonably requests to perfect or continue
         Bank's security interest in the Collateral or to effect the purposes of
         this Agreement.

         7        NEGATIVE COVENANTS

         Borrower shall not do any of the following without the Bank's prior
written consent which shall not be unreasonably withheld.

7.1      DISPOSITIONS. Convey, sell, lease, transfer or otherwise dispose of
         (collectively a "Transfer"), all or any part of its business or
         property, except for Transfers (i) of Inventory in the ordinary course
         of business; (ii) of nonexclusive licenses and similar arrangements for
         the use of the property of Borrower in the ordinary course of business;
         (iii) of worn-out or obsolete Equipment; or (iv) transfers of property
         in the ordinary course of business with a fair market value of less
         than One Hundred Thousand Dollars ($100,000.00), in the aggregate.

                                       8

<PAGE>

7.2      CHANGES IN BUSINESS, OWNERSHIP, MANAGEMENT OR BUSINESS LOCATIONS.
         Engage in any business other than the businesses currently engaged in
         by Borrower or reasonably related thereto, or have a material change in
         its control or ownership (other than by the sale of Borrower's equity
         securities in a public offering or to venture capital investors so long
         as Borrower identifies to Bank the venture capital investors prior to
         the closing of the investment), or management. Borrower shall not,
         without at least five (5) days prior written notice to Bank: (i)
         relocate its chief executive office, or add any new offices or business
         locations, including warehouses (unless such new offices or business
         locations contain less than Ten Thousand Dollars ($10,000.00) in
         Borrower's assets or property, excluding offices or business locations
         acquired as set forth in Section 7.3 hereof), or (iii) change its
         organizational structure or type, or (iv) change its legal name, or (v)
         change any organizational number (if any) assigned by its jurisdiction
         of organization.

7.3      MERGERS OR ACQUISITIONS. Merge or consolidate, with or into any other
         business organization, or acquire, all or substantially all of the
         capital stock or property of another Person unless: (i) there is no
         Event of Default hereunder, and (ii) that such merger, consolidation or
         acquisition will not result, on a prospective basis, in the breach of
         any of the covenants, terms and conditions hereunder, and (iii) that
         such merger, consolidation or acquisition is in the same or similar
         line of business as the Borrower, and (iv) that the maximum cash outlay
         by Borrower shall be Four Million Dollars ($4,000,000.00) per merger,
         consolidation or acquisition or not greater than Six Million Dollars ($
         6,000,000.00) in the aggregate, during any fiscal year, and (v) the
         Borrower is the surviving legal entity, and (vi) that the Net Current
         Assets of any company which the Borrower proposes to acquire shall be
         greater than One Hundred Thousand Dollars ($100,000.00). A Subsidiary
         may merge or consolidate into another Subsidiary or into Borrower.

7.4      INDEBTEDNESS. Create, incur, assume, or be liable for any Indebtedness,
         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, except for Permitted Liens, or permit any Collateral not
         to be subject to the first priority security interest granted herein.
         The Collateral may also be subject to Permitted Liens.

7.6      DISTRIBUTIONS; INVESTMENTS. (i) Directly or indirectly acquire or own
         any Person, or make any Investment in any Person, other than Permitted
         Investments or except as provided in Section 7.3 herein; or (ii) pay
         any dividends or make any distribution or payment or redeem, retire or
         purchase any capital stock.

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

7.8      SUBORDINATED DEBT. Make or permit any payment on any Subordinated Debt,
         except under the terms of the Subordinated Debt, or amend any provision
         in any document relating to the Subordinated Debt, without Bank's prior
         written consent.

7.9      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, 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 could reasonably be expected to have a
         material adverse effect on Borrower's business or operations or would
         reasonably be expected to cause a Material Adverse Change.

         8        EVENTS OF DEFAULT

         Any one of the following is an Event of Default:

                                       9

<PAGE>

8.1      PAYMENT DEFAULT. Borrower fails to pay any of the Obligations within
         three (3) Business Days after their due date. During the additional
         period the failure to cure the default is not an Event of Default (but
         no Credit Extension shall be made during the cure period);

8.2      COVENANT DEFAULT. Borrower fails or neglects to perform any obligation
         in Section 6 or violates any covenant in Section 7 or fails or neglects
         to perform, keep, or observe any other material term, provision,
         condition, covenant or agreement contained in this Agreement, any Loan
         Documents, or in any present or future agreement between Borrower and
         Bank and as to any default under such other material 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
         Borrower be cured within such ten (10) day period, and such default is
         likely to be cured within a reasonable time, then Borrower 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 that
         are required to be satisfied, completed or tested by a date certain.

8.3      MATERIAL ADVERSE CHANGE.  A Material Adverse Change occurs;

8.4      ATTACHMENT. (i) Any material portion of 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;
         (ii) the service of process upon the Borrower seeking to attach, by
         trustee or similar process, any funds of the Borrower on deposit with
         the Bank; (iii) Borrower is enjoined, restrained, or prevented by court
         order from conducting a material part of its business; (iv) a judgment
         or other claim in excess of Two Hundred and Fifty Thousand Dollars
         ($250,000.00), in the aggregate, becomes a Lien on a material portion
         of Borrower's assets; or (v) a notice of lien, levy, or assessment is
         filed against any of Borrower's assets by any government agency and not
         paid within ten (10) days after Borrower receives notice. These are not
         Events of Default if stayed or if a bond is posted pending contest by
         Borrower (but no Credit Extensions shall be made during the cure
         period);

8.5      INSOLVENCY. (i) Borrower becomes insolvent; (ii) Borrower begins an
         Insolvency Proceeding; or (iii) an Insolvency Proceeding is begun
         against Borrower and not dismissed or stayed within thirty (30) days
         (but no Credit Extensions shall be made before any Insolvency
         Proceeding is dismissed);

8.6      OTHER AGREEMENTS. If there is a default in any agreement to which
         Borrower is a party with a third party or parties resulting in the
         acceleration of the maturity of any Indebtedness in an amount in excess
         of Two Hundred Thousand Dollars ($200,000) or that could result in a
         Material Adverse Change;

8.7      JUDGMENTS. If an uninsured judgment or judgments for the payment of
         money in an amount, individually or in the aggregate, of at least Two
         Hundred Thousand Dollars ($200,000) shall be rendered against Borrower
         and shall remain unsatisfied and unstayed for a period of twenty (20)
         days (provided that no Credit Extensions will be made prior to the
         satisfaction or stay of such judgment);

8.8      MISREPRESENTATIONS. If Borrower or any Person which the Bank reasonably
         believes is acting for Borrower makes any material misrepresentation or
         material misstatement now or later in any warranty or representation in
         this Agreement or in any writing delivered to Bank or to induce Bank to
         enter this Agreement or any Loan Document.

         9        BANK'S RIGHTS AND REMEDIES

9.1      RIGHTS AND REMEDIES. When an Event of Default occurs and continues Bank
         may, without notice or demand, do any or all of the following:

                                       10

<PAGE>

                  (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
         Borrower's benefit under this Agreement or under any other agreement
         between Borrower and Bank;

                  (c)      Settle or adjust disputes and claims directly with
         account debtors for amounts, on terms and in any order that Bank
         considers advisable and notify any Person owing Borrower money of
         Bank's security interest in such funds and verify the amount of such
         account. Borrower shall collect all payments in trust for Bank and, if
         requested by Bank, immediately deliver the payments to Bank in the form
         received from the account debtor, with proper endorsements for deposit;

                  (d)      Make any payments and do any acts it considers
         necessary or reasonable to protect its security interest in the
         Collateral. Borrower 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. Borrower grants Bank a license to enter and occupy
         any of its premises, without charge, to exercise any of Bank's rights
         or remedies;

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

                  (f)      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, Borrower's 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, Borrower's
         rights under all licenses and all franchise agreements inure to Bank's
         benefit; and

                  (g)      Dispose of the Collateral according to the Code.

9.2      POWER OF ATTORNEY. Borrower hereby irrevocably appoints Bank as its
         lawful attorney-in-fact, to be effective upon the occurrence and during
         the continuance of an Event of Default, to: (i) endorse Borrower's name
         on any checks or other forms of payment or security; (ii) sign
         Borrower's name on any invoice or bill of lading for any Account or
         drafts against account debtors; (iii) settle and adjust disputes and
         claims about the Accounts directly with account debtors, for amounts
         and on terms Bank determines reasonable; (iv) make, settle, and adjust
         all claims under Borrower's insurance policies; and (v) transfer the
         Collateral into the name of Bank or a third party as the Code permits.
         Borrower hereby appoints Bank as its lawful attorney-in-fact to sign
         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 Borrower's 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 NOTIFICATION/COLLECTION. In the event that an Event of Default
         occurs and is continuing, Bank may notify any Person owing Borrower
         money of Bank's security interest in the funds and verify and/or
         collect the amount of the Account. After the occurrence of an Event of
         Default, any amounts received by Borrower shall be held in trust by
         Borrower for Bank, and, if requested by Bank, Borrower shall promptly
         deliver such receipts to Bank in the form received from the account
         debtor, with proper endorsements for deposit.

                                       11

<PAGE>

9.4      BANK EXPENSES. Any amounts paid by Bank as provided herein are Bank
         Expenses and are immediately due and payable, and shall bear interest
         at the then applicable rate and be secured by the Collateral. No
         payments by Bank shall be deemed an agreement to make similar payments
         in the future or Bank's waiver of any Event of Default.

9.5      BANK'S LIABILITY FOR COLLATERAL. So long as the Bank complies with
         reasonable banking practices regarding the safekeeping of collateral,
         the 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. Borrower bears all
         risk of loss, damage or destruction of the Collateral.

9.6      REMEDIES CUMULATIVE. Bank's rights and remedies under this Agreement,
         the Loan Documents, and all other agreements 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
         is not a waiver, election, or acquiescence. No waiver hereunder shall
         be effective unless signed by Bank and then is only effective for the
         specific instance and purpose for which it was given.

9.7      DEMAND WAIVER. Borrower waives 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 Borrower is liable.

         10       NOTICES

         All notices or demands by any party to this Agreement or any other
related agreement must be in writing and be personally delivered or sent by an
overnight delivery service, by certified mail, postage prepaid, return receipt
requested, or by telefacsimile at the addresses listed below. Either Bank or
Borrower may change its notice address by giving the other written notice.

         If to Borrower:      Open Solutions Inc.
                              300 Winding Brook Drive
                              Glastonbury, Connecticut 06033
                              Attn:  Vice President and Chief Financial Officer
                              FAX: _____________________________________

         If to Bank:          Silicon Valley Bank
                              One Newton Executive Park, Suite 200
                              2221 Washington Street
                              Newton, Massachusetts 02462
                              Attn: Mark Gallagher
                              Fax: (617) 969-4395

         with a copy to:      Riemer & Braunstein LLP
                              Three Center Plaza
                              Boston, Massachusetts 02108
                              Attn: David A. Ephraim, Esquire
                              FAX: (617) 880-3456

         11       CHOICE OF LAW, VENUE AND JURY TRIAL WAIVER

         Massachusetts law governs the Loan Documents without regard to
principles of conflicts of law. Borrower and Bank each submit to the
non-exclusive jurisdiction of the State and Federal courts in Massachusetts;
provided, however, that if for any reason Bank cannot avail itself of such
courts in the Commonwealth of Massachusetts,

                                       12

<PAGE>

Borrower accepts jurisdiction of the courts and venue in Santa Clara County,
California. NOTWITHSTANDING THE FOREGOING, THE BANK SHALL HAVE THE RIGHT TO
BRING ANY ACTION OR PROCEEDING AGAINST THE BORROWER OR ITS PROPERTY IN THE
COURTS OF ANY OTHER JURISDICTION WHICH THE BANK DEEMS NECESSARY OR APPROPRIATE
IN ORDER TO REALIZE ON THE COLLATERAL OR TO OTHERWISE ENFORCE THE BANK'S RIGHTS
AGAINST THE BORROWER OR ITS PROPERTY.

BORROWER 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.

         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. Borrower may not
         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
         Borrower, 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, the Loan Documents or any related
         agreement.

12.2     INDEMNIFICATION. Borrower hereby indemnifies, defends and holds
         harmless, the 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
         Borrower (including reasonable attorneys' fees and expenses), except
         for losses caused by Bank's gross negligence or willful misconduct.

12.3     RIGHT OF SET-OFF. Borrower hereby grant to Bank, a lien, security
         interest and right of setoff as security for all Obligations to Bank,
         whether now existing or hereafter arising upon and against all
         deposits, credits, collateral and property, now or hereafter in the
         possession, custody, safekeeping or control of Bank or any entity under
         the control of the Bank or in transit to any of them. At any time after
         the occurrence and during the continuance of an Event of Default,
         without demand or notice, Bank may set off the same or any part thereof
         and apply the same to any liability or obligation of Borrower even
         though unmatured and regardless of the adequacy of any other collateral
         securing the Obligations. ANY AND ALL RIGHTS TO REQUIRE BANK TO
         EXERCISE ITS RIGHTS OR REMEDIES WITH RESPECT TO ANY OTHER COLLATERAL
         WHICH SECURES THE OBLIGATIONS, PRIOR TO EXERCISING ITS RIGHT OF SETOFF
         WITH RESPECT TO SUCH DEPOSITS, CREDITS OR OTHER PROPERTY OF THE
         BORROWER, ARE HEREBY KNOWINGLY, VOLUNTARILY AND IRREVOCABLY WAIVED.

12.4     TIME OF ESSENCE. Time is of the essence for the performance of all
         Obligations in this Agreement.

12.5     SEVERABILITY OF PROVISION. 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 both Bank and Borrower. 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.

                                       13

<PAGE>

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 while any Obligations remain
         outstanding. The obligation of Borrower 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. Upon repayment of all
         Obligations and the termination of Bank's commitment to lend hereunder,
         Bank shall promptly deliver to Borrower all appropriate termination
         statements and releases to evidence the termination of this Agreement
         and the security interest granted herein.

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: (i)
         to Bank's subsidiaries or affiliates in connection with their business
         with Borrower; (ii) to prospective transferees or purchasers of any
         interest in the Credit Extensions (provided, however, Bank shall use
         commercially reasonable efforts in obtaining such prospective
         transferee's or purchaser's agreement to the terms of this provision);
         (iii) as required bylaw, regulation, subpoena, or other order, (iv) as
         required in connection with Bank's examination or audit; and (v) as
         Bank considers appropriate in exercising remedies under this Agreement.
         Confidential information does not include information that either: (a)
         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 (b)
         is disclosed to Bank by a third party, if Bank does not know that the
         third party is prohibited from disclosing the information.

         13       DEFINITIONS

13.1     DEFINITIONS. In this Agreement:

         "ACCOUNTS" are all existing and later arising accounts, contract
rights, and other obligations owed Borrower in connection with its sale or lease
of goods (including licensing software and other technology) or provision of
services, all credit insurance, guaranties, other security and all merchandise
returned or reclaimed by Borrower and Borrower's Books relating to any of the
foregoing, as such definition may be amended from time to time according to the
Code.

         "ADVANCE" or "ADVANCES" is a loan advance (or advances) under the
Revolving Line.

         "AFFILIATE" 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.

         "BANK EXPENSES" are all reasonable audit fees and expenses and
reasonable costs or expenses (including reasonable attorneys' fees and expenses)
for preparing, negotiating, defending and enforcing the Loan Documents
(including appeals or Insolvency Proceedings).

         "BORROWER'S BOOKS" are all Borrower's books and records including
ledgers, records regarding Borrower's assets or liabilities, the Collateral,
business operations or financial condition and all computer programs or discs or
any equipment containing the information.

         "BORROWING BASE" is eighty percent (80.0%) of Eligible Accounts, 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.

         "BUSINESS DAY" is any day that is not a Saturday, Sunday or a day on
which the Bank is closed.

         "CASH MANAGEMENT SERVICES" are defined in Section 2.1.4.

                                       14

<PAGE>

         "CLOSING DATE" is the date of this Agreement.

         "CODE" is the Uniform Commercial Code as adopted in Massachusetts, as
amended and as may be amended and in effect from time to time.

         "COLLATERAL" is any and all properties, rights and assets of the
Borrower granted by the Borrower to Bank or arising under the Code, now, or in
the future, in which the Borrower obtains an interest, or the power to transfer
rights, the property described on EXHIBIT A.

         "CONTINGENT OBLIGATION" is, for any Person, any direct or indirect
liability, contingent or not, of that Person for (i) 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; (ii) any obligations for undrawn letters of credit for the account of
that Person; and (iii) 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 the guarantee or other support arrangement.

         "CREDIT EXTENSION" is each Advance, Equipment Advance, Letter of
Credit, Exchange Contract, or any other extension of credit by Bank for
Borrower's benefit.

         "CURRENT ASSETS" are the Borrower's consolidated, unrestricted cash,
cash equivalents, net billed accounts receivable, and marketable securities with
maturities of fewer than 12 months determined according to GAAP

         "CURRENT LIABILITIES" are the aggregate amount of Borrower's Total
Liabilities which mature within one (1) year, which shall include, without
limitation, all long-term obligations and liabilities of Borrower for borrowed
money and excluding Deferred Revenue.

         "DEFERRED REVENUE" is all amounts received in advance of performance
under contracts and not yetrecognized as revenue.

         "ELIGIBLE ACCOUNTS" are billed Accounts in the ordinary course of
Borrower's business that meet all Borrower's representations and warranties in
Section 5.2; but Bank may change eligibility standards by giving Borrower prior
written notice. 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;

                  (b)      Accounts for an account debtor, fifty percent (50%)
         or more of whose Accounts have not been paid within ninety (90) days of
         invoice date;

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

                  (d)      Accounts for an account debtor, including Affiliates,
         whose total obligations to Borrower exceed twenty-five (25%) of all
         Accounts, for the amounts that exceed that percentage, unless Bank
         approves in writing;

                  (e)      Accounts for which the account debtor does not have
         its principal place of business in the United States;

                  (f)      Accounts for which the account debtor is a federal,
         state or local government entity or any department, agency, or
         instrumentality thereof (except for Accounts of the United States if
         the payee

                                       15

<PAGE>

         has assigned its payment rights to Bank and the assignment has been
         acknowledged under the Assignment of Claims Act of 1940 (31 U.S.C.
         3727);

                  (g)      Accounts for which Borrower owes the account debtor,
         but only up to the amount owed (sometimes called "contra" accounts,
         accounts payable, customer deposits or credit accounts);

                  (h)      Accounts for demonstration or promotional equipment,
         or in which goods are consigned, sales 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 and Bank believes there may be a basis for
         dispute (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 for which Bank reasonably determines after
         inquiry and consultation with Borrower collection to be doubtful.

         "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.

         "EQUIPMENT" is all present and future machinery, equipment, tenant
improvements, furniture, fixtures, vehicles, tools, parts and attachments in
which Borrower has any interest.

         "EQUIPMENT ADVANCE" is defined in Section 2.1.5.

         "EQUIPMENT AVAILABILITY END DATE" is defined in Section 2.1.5.

         "EQUIPMENT LINE" is an Equipment Advance or Equipment Advances of up to
Two Million Dollars ($ 2,000,000.00).

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

         "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.

         "FX FORWARD CONTRACT" is defined in Section 2.1.3.

         "FX RESERVE" is defined in Section 2.1.3.

         "GAAP" is generally accepted accounting principles.

         "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.

         "INITIAL ADVANCE" is defined in Section 2.1.5(a).

         "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.

                                       16

<PAGE>

         "INTELLECTUAL PROPERTY" any copyright rights, copyright applications,
copyright registrations and like protections in each work of authorship and
derivative work, whether published or unpublished, now owned or later acquired;
any patents, trademarks, service marks and applications therefor; any trade
secret rights, including any rights to unpatented inventions, know-how and
operating manuels, now owned or hereafter acquired.

         "INVENTORY" is present and future inventory in which Borrower has any
interest, including merchandise, raw materials, parts, supplies, packing and
shipping materials, work in process and finished products intended for sale or
lease or to be furnished under a contract of service, of every kind and
description now or later owned by or in the custody or possession, actual or
constructive, of Borrower, including inventory temporarily out of its custody or
possession or in transit and including returns on any accounts or other proceeds
(including insurance proceeds) from the sale or disposition of any of the
foregoing and any documents of title.

         "INVESTMENT" is any beneficial ownership of (including stock,
partnership interest or other securities) any Person, or any loan, advance or
capital contribution to any Person.

         "LETTER OF CREDIT" means a letter of credit or similar undertaking
issued by Bank pursuant to Section 2.1.2.

         "LETTER OF CREDIT RESERVE" has the meaning set forth in Section
2.1.2(d).

         "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, any note, or notes
or guaranties executed by Borrower or 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, extended or restated.

         "MATERIAL ADVERSE CHANGE" is: (i) A material impairment in the
perfection or priority of Bank's security interest in the Collateral or in the
value of such Collateral; (ii) a material adverse change in the business,
operations, or condition (financial or otherwise) of the Borrower; or (iii) a
material impairment of the prospect of repayment of any portion of the
Obligations; or (iv) Bank determines, based upon information available to it and
in its reasonable judgment, that there is a substantial 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.

         "MATURITY DATE" is the Revolving Maturity Date with respect to the
Revolving Line.

         "NET CURRENT ASSETS" shall be Current Assets less Current Liabilities.

         "OBLIGATIONS" are debts, principal, interest, Bank Expenses and other
amounts Borrower owes Bank now or later pursuant to this Agreement, including
letters of credit, cash management services, and foreign exchange contracts, if
any, and including interest accruing after Insolvency Proceedings begin and
debts, liabilities, or obligations of Borrower assigned to Bank.

         "ORIGINAL STATED COST" is (i), the original cost to the Borrower of the
item of new Eligible Equipment net of any and all freight, installation, tax, or
(ii) the fair market value assigned to such item of used Eligible Equipment by
mutual agreement of Borrower and Bank at the time of making of the Equipment
Advance.

         "OTHER EQUIPMENT" is computer software and other similar property and
soft costs approved by the Bank including sales tax, freight and installation
expenses. Unless otherwise agreed to by Bank, not more than 35% of the proceeds
of the Equipment Line shall be used to finance Other Equipment.

         "PAYMENT DATE" is the first calendar day of each month.

         "PERMITTED INDEBTEDNESS" is:

                                       17

<PAGE>

                  (a)      Borrower's indebtedness to Bank under this Agreement
         or the Loan Documents;

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

                  (c)      Subordinated Debt;

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

                  (e)      Indebtedness secured by Permitted Liens;

                  (f)      Extensions, refinancings, modifications, amendments
         and restatements of any items of Permitted Indebtedness (a) through (e)
         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; and

                  (g)      Unsecured indebtedness expressly subordinated to the
         Bank pursuant to documentation reasonably acceptable to the Bank.

         "PERMITTED INVESTMENTS" are:

                  (a)      Investments shown on the Perfection Certificate and
         existing on the Closing Date;

                  (b)      (i) marketable direct obligations issued or
         unconditionally guaranteed by the United States or its agency or any
         state maturing within 1 year from its acquisition, (ii) commercial
         paper maturing no more than 1 year after its creation and having the
         highest rating from either Standard & Poor's Corporation or Moody's
         Investors Service, Inc., (iii) Bank's certificates of deposit issued
         maturing no more than 1 year after issue, (iv) any other investments
         administered through the Bank; and

                  (c)      Investments by Borrower in Subsidiaries, up to a
         maximum amount of Seven Hundred Fifty Thousand Dollars ($750,000.00),in
         the aggregate.

         "PERMITTED LIENS" are:

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

                  (b)      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 security interests;

                  (c)      Purchase money Liens in an amount not to exceed One
         Hundred Thousand Dollars ($100,000.00) in the aggregate during any
         fiscal year: (i) on Equipment acquired or held by Borrower incurred for
         financing the acquisition of the Equipment, or (ii) existing on
         equipment when acquired, if the Lien is confined to the property and
         improvements and the proceeds of the equipment;

                  (d)      Leases or subleases and non-exclusive licenses or
         sublicenses granted in the ordinary course of Borrower's business, if
         the leases, subleases, licenses and sublicenses permit granting Bank a
         security interest;

                  (e)      Liens incurred in the extension, renewal or
         refinancing of the indebtedness secured by Liens described in (a)
         through (d), 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.

                                       18

<PAGE>

         "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. Except as otherwise provided elsewhere herein, any
Credit Extension made hereunder based on the Bank's Prime Rate shall increase or
decrease with the changes in the Bank's Prime Rate.

         "RESPONSIBLE OFFICER" is each of the ChiefExecutive Officer, President,
Chief Financial Officer and Controller of Borrower.

         "REVOLVING LINE" is an Advance or Advances of up to Two Million Dollars
($ 2,000,000.00).

         "REVOLVING MATURITY DATE" is April 21, 2004.

         "SCHEDULED PAYMENT" is defined in Section 2.1.5(c).

         "SUBORDINATED DEBT" is debt incurred by Borrower subordinated to
Borrower's debt to Bank (pursuant to a subordination agreement entered into
between the Bank, the Borrower and the subordinated creditor), on terms
acceptable to Bank.

         "SUBSIDIARY" is any Person, corporation, partnership, limited liability
company, joint venture, or any other business entity of which more than 50% of
the voting stock or other equity interests is owned or controlled, directly or
indirectly, by the Person or one or more Affiliates of the 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.

                                       19

<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed as a sealed instrument under the laws of the Commonwealth of
Massachusetts as of the date first above written.

BORROWER:

OPEN SOLUTIONS INC.

By /s/ Carl D. Blandino
  --------------------------------------------------

Name: Carl D. Blandino
     -----------------------------------------------

Title: V.P. & C. F. O.
      ----------------------------------------------

BANK:

SILICON VALLEY BANK, d/b/a
SILICON VALLEY EAST

By /s/ Andrew Tsao
  ---------------------------------------------------

Name: Andrew Tsao
     ------------------------------------------------

Title: SVP
      -----------------------------------------------

SILICON VALLEY BANK

By /s/ Michelle D. Giannini
  ---------------------------------------------------

Name: Michelle D. Giannini
     ------------------------------------------------

Title: Asst. Vice Pres.
      -----------------------------------------------
         (Signed in Santa Clara County, California)

                                       20

<PAGE>

                            NEGATIVE PLEDGE AGREEMENT

         This Negative Pledge Agreement is made as of April 22, 2003, by and
between OPEN SOLUTIONS INC. ("Borrower") and 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 One Newton Executive Park, Suite 200, 2221 Washington Street, Newton,
Massachusetts 02462, doing business under the name "Silicon Valley East"
("Bank").

In connection with, among other documents, the Loan and Security Agreement (the
"Loan Documents") being concurrently executed herewith between Borrower and
Bank, Borrower agrees as follows:

         1.       Except for the granting of non-exclusive licenses or
                  sublicenses by Borrower in the ordinary course of business,
                  Borrower has not, and shall not, sell, transfer, assign,
                  mortgage, pledge, lease, grant a security interest in, or
                  encumber any of Borrower's Intellectual Property (as defined
                  below).

         2.       Borrower has not, and shall not, enter into a negative pledge
                  agreement, or similar agreement, affecting the rights of the
                  Intellectual Property with any other party.

         3.       It shall be an event of default under the Loan Documents
                  between Borrower and Bank if there is a breach of any term of
                  this Negative Pledge Agreement.

         4.       As used herein,

                  a.       "Intellectual Property" means:

                           (i)      Any and all Copyrights;

                           (ii)     Any and all trade secrets, and any and all
                                    intellectual property rights in computer
                                    software and computer software products now
                                    or hereafter existing, created, acquired or
                                    held;

                           (iii)    Any and all design rights which may be
                                    available to Borrower now or hereafter
                                    existing, created, acquired or held;

                           (iv)     All Mask Works or similar rights available
                                    for the protection of semiconductor chips;

                           (v)      All Patents;

                           (vi)     Any Trademarks;

                           (vii)    Any and all claims for damages by way of
                                    past, present and future infringements of
                                    any of the rights included above, with the
                                    right, but not the obligation, to sue for
                                    and collect such damages for said use or
                                    infringement of the intellectual property
                                    rights identified above;

                           (viii)   All licenses or other rights to use any of
                                    the Copyrights, Patents, Trademarks, or Mask
                                    Works and all license fees and royalties
                                    arising from such use to the extent
                                    permitted by such license or rights; and

                           (ix)     All amendments, extensions, renewals and
                                    extensions of any of the Copyrights,
                                    Trademarks, Patents, or Mask Works; and

                                       1

<PAGE>

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

                  b.       "Copyrights" means any and all copyright rights,
                           copyright applications, copyright registrations and
                           like protections in each work of authorship and
                           derivative work thereof, whether published or
                           unpublished and whether or not the same also
                           constitutes a trade secret, now or hereafter
                           existing, created, acquired or held.

                  c.       "Mask Works" means all mask work or similar rights
                           available for the protection of semiconductor chips,
                           now owned or hereafter acquired;

                  d.       "Patents" means all patents, patent applications and
                           like protections including without limitation
                           improvements, divisions, continuations, renewals,
                           reissues, extensions and continuations-in-part of the
                           same.

                  e.       "Trademarks" means any trademark and servicemark
                           rights, whether registered or not, applications to
                           register and registrations of the same and like
                           protections, and the entire goodwill of the business
                           of Borrower connected with and symbolized by such
                           trademarks.

         5.       Capitalized terms used but not otherwise defined herein shall
                  have the same meaning as in the Loan Documents.

         6.       The laws of the Commonwealth of Massachusetts shall apply to
                  this Agreement. BORROWER ACCEPTS FOR ITSELF AND IN CONNECTION
                  WITH ITS PROPERTIES, UNCONDITIONALLY, THE NON-EXCLUSIVE
                  JURISDICTION OF ANY STATE OR FEDERAL COURT OF COMPETENT
                  JURISDICTION IN THE COMMONWEALTH OF MASSACHUSETTS IN ANY
                  ACTION, SUIT, OR PROCEEDING OF ANY KIND, AGAINST IT WHICH
                  ARISES OUT OF OR BY REASON OF THIS AGREEMENT; PROVIDED,
                  HOWEVER, THAT IF FOR ANY REASON BANK CANNOT AVAIL ITSELF OF
                  THE COURTS OF THE COMMONWEALTH OF MASSACHUSETTS, BORROWER
                  ACCEPTS JURISDICTION OF THE COURTS AND VENUE IN SANTA CLARA
                  COUNTY, CALIFORNIA. NOTWITHSTANDING THE FOREGOING, THE BANK
                  SHALL HAVE THE RIGHT TO BRING ANY ACTION OR PROCEEDING AGAINST
                  THE BORROWER OR ITS PROPERTY IN THE COURTS OF ANY OTHER
                  JURISDICTION WHICH THE BANK DEEMS NECESSARY OR APPROPRIATE IN
                  ORDER TO REALIZE ON THE COLLATERAL OR TO OTHERWISE ENFORCE THE
                  BANK'S RIGHTS AGAINST THE BORROWER OR ITS PROPERTY.

         7.       This Agreement shall become effective only when it shall have
                  been executed by Borrower and Bank (provided, however, in no
                  event shall this Agreement become effective until signed by an
                  officer of Bank in California).

         EXECUTED as a sealed instrument under the laws of the Commonwealth of
Massachusetts as of the date first written above.

                                    BORROWER:

                                    OPEN SOLUTIONS INC.

                                    By /s/ Carl D. Blandino
                                      ------------------------------------------

                                    Name: Carl D. Blandino
                                         ---------------------------------------

                                    Title: V.P. & C. F. O.
                                          --------------------------------------

                                       2

<PAGE>

                                    BANK:

                                    SILICON VALLEY BANK, D/B/A SILICON VALLEY
                                    EAST

                                    By /s/ Andrew Tsao
                                      ------------------------------------------

                                    Name: Andrew Tsao
                                         ---------------------------------------

                                    Title: SVP
                                          --------------------------------------

                                    SILICON VALLEY BANK

                                    By /s/ Michelle D. Giannini
                                      ------------------------------------------

                                    Name: Michelle D. Giannini
                                         ---------------------------------------

                                    Title: Asst. Vice Pres.
                                          --------------------------------------
                                             (Signed in Santa Clara, California)

                                       3<PAGE>

                                                                   Exhibit 10.14

                               FORM OF BUYER NOTE

                                                                  March 29, 2002

         Subject to all of the terms and conditions set forth in this Note, Open
Solutions Inc. (the "Maker"), a Delaware corporation, hereby promises to pay to
HNC FINANCIAL SOLUTIONS, INC. (the "Payee"), on the second anniversary of the
date hereof (subject to acceleration as provided below), the principal amount
equal to $500,000, adjusted pursuant to Section 1(b) of the Asset Purchase
Agreement dated as of the date hereof between Maker and Payee (the "Agreement"),
with simple interest at the rate of SIX PERCENT (6%) per annum on the unpaid
principal amount from time to time outstanding hereunder, calculated on the
basis of the actual number of days outstanding and a 365- or 366-day year, as
the case may be.

         ACCELERATION. At the Payee's option, the entire amount of indebtedness
represented by this Note immediately will become due and payable upon written
notice of acceleration given to the Maker by the Payee following any: (i)
appointment of a receiver for the Maker or its assets; (ii) assignment by the
Maker for the benefit of its creditors; (iii) institution by or against the
Maker of any proceedings under bankruptcy, insolvency, or similar laws, which in
the case of any such proceedings not instituted by the Maker, are not dismissed
within 90 days; or (iv) liquidation or dissolution of the Maker, or other
termination or winding-up of its existence or business.

         PREPAYMENT. The Maker may prepay the unpaid principal amount of this
Note, in whole or in part, at any time or from time to time, provided that at
the same time the Maker also pays all accrued but unpaid interest on the
principal amount prepaid.

         SECURITY INTEREST. This Note has been executed and delivered pursuant
to the Asset Purchase Agreement between the Maker and the Payee dated as of the
date hereof. To secure its obligations in respect of this Note, the Maker hereby
grants to the Payee a security interest in all of the "Purchased Assets" (as
defined in that Asset Purchase Agreement).

         Upon execution and delivery of this Note, the Maker will execute and
deliver to the Payee such UCC-1 financing statements as the Payee reasonably may
request. The Maker from time to time also will execute and deliver to the Payee
all such financing and continuation statements and other documents as the Payee
reasonably may request in order to confirm, perfect, or maintain the validity or
perfection of the security interest hereby granted. A copy of this Note may also
be filed as a financing statement.

         The Maker will not change its corporate name without giving the Payee
at least 30 days' prior written notice thereof.

         SET-OFF RIGHTS. This Note has been executed and delivered pursuant to
the Asset Purchase Agreement referred to above. The Maker may set off against
and deduct from the principal amount hereof the amount of any indemnification
payable by the Payee to the Maker pursuant to that Asset Purchase Agreement.
Upon any exercise of these set-off rights, the principal amount of this Note
will be deemed to have been reduced by (and no interest will

<PAGE>

                                      - 2 -

accrue on) the amount so set off, with retroactive effect as of the date hereof.
The Maker will give the Payee prompt written notice of any exercise of set-off
rights hereunder.

         DELAYS AND OMISSIONS. No delay in exercising or omission to exercise
any right, power, or remedy accruing to the Payee upon any breach or default
under this Note will impair any such right, power, or remedy or be construed to
be a waiver of any such breach or default or any acquiescence therein or in any
similar breach or default thereafter occurring.

         CAPTIONS. All captions of sections of this Note are for convenience
only and will not modify or affect the interpretation or construction of any
provision of this Note.

         MAKER'S WAIVER OF PRESENTMENT, ETC. The Maker hereby waives
presentment, notice, protest, and all other demands and notices.

         GOVERNING LAW. This Note has been executed and delivered as an
instrument under seal governed by the internal, substantive laws of the State of
Delaware (without reference to principles of conflicts or choice of law) as of
the date first above written.

                                    OPEN SOLUTIONS INC.

                                    By /s/ Carl D. Blandino
                                      ----------------------------------
                                      Name: Carl D. Blandino
                                      Title: CFO & VP

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