Amendment to Loan and Security Agreement between Pacific Business Funding and Versant Corporation (April 2003)
This agreement is an amendment to a previous Loan and Security Agreement between Pacific Business Funding, a division of Cupertino National Bank, and Versant Corporation. The amendment extends the loan's maturity date from April 18, 2003, to July 18, 2003. Versant Corporation agrees to pay a $6,250 fee for this extension. All other terms of the original agreement remain unchanged.
Exhibit 10.19
April 11, 2003
Lee McGrath
CFO
Versant Corporation
6539 Dumbarton Circle
Fremont, CA 94555
Re: Amendment to the Loan and Security Agreement ("Agreement") dated April 18, 2002
Dear Lee,
Per our discussions, this letter will confirm that Pacific Business Funding ("Bank") a division of Cupertino National Bank will extend the maturity date of it's Loan and Security Agreement to Versant Corporation from April 18, 2003 to July 18, 2003.
Borrower will pay Lender a fee of $6,250 for this extension.
All other terms and conditions granted to each party in the Loan and Security Agreement ("Agreement"), excepted as specifically noted above, shall remain the same.
Please call with any questions or sign below acknowledging the above.
Best regards,
| /s/ Mike Hansen |
|
| Senior Vice President |
|
| Pacific Business Funding |
|
Agreed to:
| By: | /s/ Lee McGrath |
|
| It's: | Chief Financial Officer |
|
| Date | April 11, 2003 |
|
