|
|
|
|
Document Preview Asset Purchase Agreement |
||||
|
|
||||
|
Click "Add to Cart" button to purchase document. |
||||
|
|
||||
|
Title: |
Asset Purchase Agreement |
|||
|
Entities: |
||||
|
Date: |
2004 |
|||
|
Size: |
Preview shows 20KB of 293KB total |
|||
|
Price: |
$96 |
|||
|
ID: |
#1267702 |
|||
|
|
||||
|
||||
|
|
||||
|
Start of Preview |
||||
ASSET PURCHASE AGREEMENT
BY AND AMONG
NETWORKS ASSOCIATES, INC.,
NETWORK ASSOCIATES TECHNOLOGY, INC.,
NETWORK ASSOCIATES INTERNATIONAL BV,
NETWORK ASSOCIATES (INDIA) PRIVATE LIMITED,
NETWORK ASSOCIATES JAPAN CO., LTD.
AND
STARBURST TECHNOLOGY HOLDINGS INC.
EXECUTION DATE: APRIL 22, 2004
<PAGE>
TABLE OF CONTENTS
<Table>
<Caption>
PAGE
----
<S> <C>
Article I DEFINITIONS................................................................................. 1
1.1 Definitions......................................................................... 1
Article II THE PURCHASE AND SALE OF ACQUIRED ASSETS................................................... 16
2.1 Purchase and Sale................................................................... 16
2.2 Acquired Assets and Excluded Assets................................................. 16
2.3 Assumption of Certain Liabilities................................................... 18
2.4 Contract Consents; Treatment of Retained Beneficial Contracts....................... 21
2.5 Acquisition Consideration........................................................... 22
2.6 Purchase Price Adjustment........................................................... 23
2.7 Allocation of Consideration......................................................... 25
2.8 Transfer Taxes...................................................................... 25
2.9 Divested Technology................................................................. 25
2.10 Transferred Trade Secrets........................................................... 28
Article III IP LICENSES............................................................................... 28
3.1 Licenses to Purchaser............................................................... 28
3.2 Licenses to Sellers................................................................. 30
3.3 Licensor Bankruptcy................................................................. 32
3.4 Defensive Suspension................................................................ 32
3.5 License Transferability............................................................. 32
3.6 Other Marks......................................................................... 33
3.7 Trade Dress......................................................................... 33
Article IV THE CLOSING................................................................................ 34
4.1 Closing Date........................................................................ 34
4.2 Transactions To Be Effected at the Closing.......................................... 34
4.3 Risk of Loss........................................................................ 34
4.4 Taking of Necessary Action; Further Action.......................................... 34
Article V REPRESENTATIONS AND WARRANTIES OF SELLERS................................................... 35
5.1 Organization, Standing and Power.................................................... 35
5.2 Authority, Conflicts, Consents...................................................... 35
5.3 Business............................................................................ 36
5.4 Changes............................................................................. 36
5.5 Tax Matters......................................................................... 38
5.6 Restrictions on Business Activities................................................. 38
5.7 Title to Properties; Absence of Liens and Encumbrances; Condition of Property....... 39
5.8 Intellectual Property............................................................... 39
5.9 Agreements, Contracts and Commitments............................................... 42
5.10 Governmental Authorization.......................................................... 44
5.11 Litigation.......................................................................... 44
</Table>
-ii-
<PAGE>
<Table>
<S> <C>
5.12 Employee Matters and Benefit Plans.................................................. 44
5.13 Labor Matters....................................................................... 45
5.14 Insurance........................................................................... 46
5.15 Compliance with Laws................................................................ 47
5.16 Sufficiency of Assets............................................................... 47
5.17 Brokers............................................................................. 47
5.18 Financial Matters................................................................... 47
5.19 Related Party Transactions.......................................................... 48
5.20 Customers........................................................................... 48
5.21 Financial Records................................................................... 48
5.22 Environmental Matters............................................................... 49
5.23 Real Property....................................................................... 49
Article VI REPRESENTATIONS AND WARRANTIES OF PURCHASER................................................ 49
6.1 Organization, Standing and Power.................................................... 49
6.2 Authority........................................................................... 49
6.3 Financing........................................................................... 50
Article VII CONDUCT PRIOR TO CLOSING.................................................................. 50
7.1 Conduct of Business................................................................. 50
7.2 Conduct Regarding Indian Employees.................................................. 53
7.3 Delivery of Financial Statements.................................................... 53
Article VIII ADDITIONAL AGREEMENTS.................................................................... 55
8.1 Access to Information............................................................... 55
8.2 Confidentiality..................................................................... 56
8.3 Expenses............................................................................ 58
8.4 Public Disclosure................................................................... 58
8.5 Sniffer Customer and Channel Partner Communication.................................. 58
8.6 Legal Requirements.................................................................. 58
8.7 Notification of Certain Matters..................................................... 58
8.8 Employee Matters.................................................................... 59
8.9 Accounts Receivable; Inventory...................................................... 62
8.10 Post-Closing Assurances............................................................. 63
8.11 Prohibition on Solicitation of Other Acquisition Offers............................. 63
8.12 Non-Solicitation.................................................................... 64
8.13 Antitrust Regulatory Filings........................................................ 65
8.14 Tax Matters......................................................................... 66
8.15 Patent Matters...................................................................... 66
Article IX CONDITIONS TO THE ACQUISITION.............................................................. 68
9.1 Conditions to Obligations of Each Party to Effect the Acquisition................... 68
9.2 Additional Conditions to Obligations of Sellers..................................... 68
9.3 Additional Conditions to the Obligations of Purchaser............................... 69
</Table>
-iii-
<PAGE>
<Table>
<S> <C>
Article X SURVIVAL OF REPRESENTATIONS AND WARRANTIES; INDEMNIFICATION................................. 70
10.1 Survival of Representations and Warranties.......................................... 70
10.2 Indemnification..................................................................... 70
Article XI TERMINATION, AMENDMENT AND WAIVER.......................................................... 77
11.1 Termination......................................................................... 77
11.2 Effect of Termination............................................................... 78
11.3 Amendment........................................................................... 78
11.4 Extension; Waiver................................................................... 78
Article XII GENERAL PROVISIONS........................................................................ 78
12.1 Notices............................................................................. 78
12.2 Interpretation...................................................................... 80
12.3 Counterparts........................................................................ 80
12.4 Entire Agreement; Assignment........................................................ 80
12.5 Severability........................................................................ 80
12.6 Governing Law; Mediation/Arbitration................................................ 81
12.7 Rules of Construction............................................................... 82
12.8 Successors.......................................................................... 82
12.9 Specific Performance................................................................ 82
</Table>
INDEX OF EXHIBITS
<Table>
<Caption>
Exhibits Description
-------- ------------
<S> <C>
Exhibit A Asset Schedule
Exhibit B Seller Disclosure Schedule
Exhibit C Form of Joint Letter to Sniffer Customers
Exhibit D Transition Services Agreement
Exhibit E McAfee OEM Agreement
Exhibit F Services Agreement
Exhibit G Infinistream OEM Term Sheet
</Table>
-iv-
<PAGE>
ASSET PURCHASE AGREEMENT
This ASSET PURCHASE AGREEMENT (the "Agreement") is made and entered into
as of April 22, 2004 by and among (i) Starburst Technology Holdings Inc., a
Delaware corporation ("Purchaser"), on the one hand; and (ii) Networks
Associates, Inc., a Delaware corporation ("NAI"); Network Associates Technology,
Inc., a Delaware corporation and a wholly owned subsidiary of NAI ("NATI");
Network Associates International BV, a Netherlands corporation and a wholly
owned subsidiary of NAI ("NBV"); Network Associates (India) Private Limited, an
Indian private limited company and a wholly owned subsidiary of NAI ("NAI
India"); and Network Associates Japan Co., Ltd., a Japanese corporation and a
wholly owned subsidiary of NAI ("NAI Japan") (each of NAI, NATI, NBV, NAI India
and NAI Japan, a "Seller" and collectively the "Sellers"), on the other hand.
RECITALS
A. The Boards of Directors of NAI, NATI, NBV, NAI India, NAI Japan and
Purchaser believe it is in the best interests of each company and their
respective stockholders that Purchaser acquire (the "Acquisition") certain of
Sellers' assets, liabilities and other rights constituting the Business (as
defined below) that develops, manufactures and sells the Sniffer Products (as
defined below) and, in furtherance thereof, have approved the Acquisition.
B. Sellers and Purchaser desire to make certain representations and
warranties and other agreements in connection with the Acquisition.
NOW, THEREFORE, in consideration of the foregoing premises and the
representations, warranties, covenants and other agreements set forth herein,
and for other good and valuable consideration, the parties to this Agreement
hereby agree as follows:
ARTICLE I
DEFINITIONS
1.1 Definitions.
"Applicable Licensee" has the meaning set forth in Section 3.5 hereof.
"Accounts Receivable" means the gross amounts of accounts and notes
receivable attributable to the Business.
"Acquired Assets" has the meaning set forth in Section 2.2(a) hereof.
"Acquisition Proposal" has the meaning set forth in Section 8.11 hereof.
STARBURST ASSET PURCHASE AGREEMENT
<PAGE>
"Acquisition" has the meaning set forth in the recitals to this Agreement.
"Affiliate" when used with respect to any Person from time to time, means
any other Person at such time directly or indirectly controlling, controlled by
or under common control with, such Person. As used in this definition of
Affiliate, "control" means (i) the direct or indirect ownership of more than 50
percent of the total voting securities or other evidences of equity ownership
interest of such Person or (ii) the possession, direct or indirect, of the power
to direct or cause the direction of the management and policies of a Person,
whether through the ownership of voting securities, by contract or otherwise.
"Annual Business Financial Statements" has the meaning set forth in
Section 7.3(a) hereof.
"Applicable Licensee" has the meaning set forth in Section 3.5 hereof.
"Asset Schedule" is attached hereto as Exhibit A.
"Assigned Leases" has the meaning set forth in Section 2.2(a)(xii) hereof.
"Assumed Liabilities" has the meaning set forth in Section 2.3 hereof.
"Audited Financials" has the meaning set forth in Section 5.21 hereof.
"Benefits Transition Date" has the meaning set forth in Section 8.8(d)(ii)
hereof.
"Business" means the creation, development, manufacture, support,
enhancement, modification, sales, promotion, licensing and distribution
activities and operations throughout the world that involve those products (i)
on Section 1 of the Asset Schedule or (ii) those products under development for
the Sniffer brands, and all business activities required in connection with the
foregoing.
"Business Contracts" means all Contracts between any Seller and any third
Person that are related to the Business in any material respect.
"Business Financial Statements" has the meaning set forth in Section
7.3(a) hereof.
"Business Technology" means all Technology of any Seller that is: (i)
Technology constituting or necessary for the creation, development, modification
or maintenance of the Sniffer Products including the source and object code for
the Sniffer Products, or (ii) Technology held for, used in, or necessary to, the
operation of the Business.
"Calculation" has the meaning set forth in Section 2.6(a) hereof.
"Category 1 Technology" means (i) any Sniffer Software included in a
product of the Retained Business as of the date hereof not in violation of
Sellers' representation and warranty in Section 5.8(o) and (ii) Retained
Technology.
STARBURST ASSET PURCHASE AGREEMENT
-2-
<PAGE>
"Category 2 Technology" means Divested Technology that is not Unlicensed
IP.
"Claim" has the meaning set forth in Section 10.2(d)(i) hereof.
"Claimant" has the meaning set forth in Section 10.2(d)(i) hereof.
"Closing" has the meaning set forth in Section 4.1 hereof.
"Closing Date" has the meaning set forth in Section 4.1 hereof.
"COBRA" means the Consolidated Omnibus Budget Reconciliation Act of 1985,
as amended.
"Code" means the U.S. Internal Revenue Code of 1986, as amended.
"Competitive Limitations" has the meaning set forth in Section 8.1(g)
hereof.
|
End of Preview |
Home Intelligence Services Subscriptions News About Us