Third Amendment to
Credit Terms and Conditions
This Third Amendment ("Amendment") amends that certain Credit Terms and
Conditions dated July 28, 1997 ("Agreement") and amended on October 30, 1997,
and September 11, 1998, executed by PulsePoint Communications, formerly known as
Digital Sound Corporation ("Borrower") in favor of Imperial Bank ("Bank") as
follows:
1. Section B.5(a). is amended by replacing the figure "$15,000,000" with the
figure "$10,000,000".
2. Sections B.5(b) and B.5(c) are deleted in their entirety.
3. Section B.5(e) is amended by replacing the word "monthly" with the word
"quarterly".
4. Section B.5(f) is amended in its entirety to read as follows:
"not sustain a loss, as measured in accordance with generally accepted
accounting principles, of more than $2,500,000 for each of the periods ending
March 31, 1999, and June 30, 1999, and of more than $1,000,000 for the period
ending September 30, 1999."
5. Except as provided above, the Agreement remains unchanged.
6. This Amendment is effective as of March 31, 1999, and the parties hereby
confirm that the Agreement as amended is in full force and effect.
PULSEPOINT COMMUNICATIONS ("Borrower")
BY: /s/ ▇. ▇▇▇▇▇▇ ▇▇▇
---------------------------------
▇. ▇▇▇▇▇▇ ▇▇▇
Vice President and Chief Financial Officer
IMPERIAL BANK ("Bank")
BY: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
---------------------------------
▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Vice President
1