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Title: |
Asset Acquisition Agreement |
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Date: |
2001 |
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Size: |
Preview shows 6KB of 171KB total |
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Price: |
$47 |
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ID: |
#1206176 |
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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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