Qumu Corporation (NasdaqGS:QUMU) announced that it has entered into a credit agreement with new investor, ESW Holdings, Inc, for private placement of term loan for gross proceeds of $10,000,000 on January 12, 2018. The company also issued a transferable warrant to purchase 925,000 common shares with an exercise price of $1.96 per share with an expiry of January 10, 2020. The term loan will mature on January 10, 2020 and will bear interest at a rate of prime rate plus 4%, and compound monthly at a variable rate per annum equally. The company may prepay the loan at any time with the payment of the applicable pre-payment fee of 10%. The company has granted a first priority security interest in substantially all of its properties, rights and assets and its wholly owned subsidiary and guarantor, Qumu, Inc. The company issued securities pursuant to exemption provided under Regulation D.