FIRST LOAN MODIFICATION AGREEMENT
The First Loan Modification Agreement is entered into as of ________, 2000, by and between SEACHANGE
INTERNATIONAL, INC., a Delaware corporation with its principal place of business at 124 Acton Street,
Maynard, Massachusetts ("Borrower"), and SILICON VALLEY BANK, a California-chartered bank
("Lender"), with its principal place of business at 3003 Tasman Drive, Santa Clara, CA 95054 and with a loan
production office located at Wellesley Office Park, 40 William Street, Suite 350, Wellesley, MA 02481, doing
business under the name "Silicon Valley East."
1. DESCRIPTION OF EXISTING INDEBTEDNESS. Among other indebtedness which may be owing by
Borrower to Lender, Borrower is indebted to Lender pursuant to, among other documents, a Loan and Security
Agreement dated November 10, 1998 (as may be amended, the "Loan Agreement"). Capitalized terms used but
not otherwise defined herein shall have the same meaning as in the Loan Agreement.
Hereinafter, all indebtedness owing by Borrower to Lender shall be referred to as the "Indebtedness".
2. DESCRIPTION OF COLLATERAL AND GUARANTIES. Repayment of the Indebtedness is secured by
the Collateral as described in the Loan Agreement (together with any other collateral security granted to Lender,
the "Security Documents").
Hereinafter, the Security Documents, together with all other documents evidencing or securing the Indebtedness
shall be referred to as the "Existing Loan Documents".
3. DESCRIPTION OF CHANGE IN TERMS.
A. Modification(s) to Loan Agreement.
1. The Loan Agreement shall be amended by deleting the following definition for Committed Equipment Line:
"Committed Equipment Line" means a credit extension of up to Three Million Dollars ($3,000,000.00).
and substituting therefor the following:
"Committed Equipment Line" means a credit extension of up to Three Million Dollars ($3,000,000.00) for
Equipment Line No. 1, and Equipment Line No. 2, plus Two Million Dollars ($2,000,000.00) for Equipmen