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Asset Acquisition Agreement

 

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Title:

Asset Acquisition Agreement

Entities:

Evolve Software Inc.

Date:

2001

Size:

Preview shows 6KB of 171KB total

Price:

$47

ID:

#1206176

 

 

► M&A ► Acquisition ► Asset Acquisition Agreements
► Technology ► Software & Programming

 

 

Start of Preview


                          ASSET ACQUISITION AGREEMENT


by and between

Evolve Software, Inc.

and

Vivant! Corporation


Dated May 22, 2001




================================================================================
<PAGE>

TABLE OF CONTENTS

<TABLE>
<CAPTION>
Page
----
<S> <C>
ARTICLE 1 DEFINITIONS.............................................................................. 1

1.1 Capitalized Terms...................................................................... 1
1.2 Construction........................................................................... 5

ARTICLE 2 TRANSFER OF ASSETS....................................................................... 6

2.1 Transfer of Assets..................................................................... 6
2.2 Delivery of Transferred Assets......................................................... 6
2.3 Bills of Sale.......................................................................... 6
2.4 Books and Records...................................................................... 6
2.5 Agreement to Perform Necessary Acts.................................................... 6
2.6 Power of Attorney...................................................................... 7
2.7 Transferred Agreements................................................................. 7
2.8 No Assumption of Liabilities........................................................... 7

ARTICLE 3 PAYMENTS; EXPENSES....................................................................... 8

3.1 Payments to Seller at Closing.......................................................... 8
3.2 Adjustment to Closing Acquisition Shares............................................... 8
3.3 Earnout Payments....................................................................... 9
3.4 Allocation of Purchase Price........................................................... 11
3.5 Taxes.................................................................................. 11
3.6 Limitation on Shares Issuances......................................................... 12
3.7 Fractional Shares...................................................................... 13
3.8 Expenses............................................................................... 13

ARTICLE 4 EMPLOYEE MATTERS......................................................................... 13

4.1 Employment Arrangements................................................................ 13
4.2 Employee Liability Claims and Indemnification.......................................... 13

ARTICLE 5 COVENANTS NOT TO COMPETE, NOT TO SOLICIT................................................. 14

5.1 Non-Competition Obligation............................................................. 14
5.2 Non-Solicitation Obligation............................................................ 14
5.3 Construction........................................................................... 14
5.4 Reasonableness of Covenants............................................................ 15
5.5 Equitable Remedy....................................................................... 15
5.6 Limitation............................................................................. 15

ARTICLE 6 CONFIDENTIAL INFORMATION................................................................. 15

6.1 Confidential Information Exclusions.................................................... 15
6.2 Confidentiality Obligation............................................................. 15
6.3 Confidentiality of Agreement and Public Announcements.................................. 16
6.4 Remedies............................................................................... 16
</TABLE>

-i-
<PAGE>

TABLE OF CONTENTS
(Continued)


<TABLE>
<CAPTION>
Page
----
<S> <C>
6.5 Required Disclosure.................................................................... 16
6.6 Prior Confidential Disclosure Agreement................................................ 17

ARTICLE 7 REPRESENTATIONS AND WARRANTIES OF SELLER................................................. 17


 

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