Exhibit 2.1
ASSET PURCHASE AGREEMENT
Between
COMPUTER SCIENCES CORPORATION
And
ALYSIS TECHNOLOGIES, INC.
EFFECTIVE DATE: AUGUST 17, 2000
ASSET PURCHASE AGREEMENT
This Asset Purchase Agreement ("Agreement") is made and entered into as of
the 17/th/ day of August, 2000 by and among Alysis Technologies, Inc., a
Delaware corporation ("Seller") and Computer Sciences Corporation, a Nevada
corporation ("Buyer").
WHEREAS, on and subject to the terms and conditions contained in this
Agreement, Seller desires to sell to Buyer, and Buyer desires to purchase from
Seller, certain assets which include (a) the CheckVision/(R) /Business, (b)
certain contracts and intellectual property rights associated with the
WorkVision/(R) /Software, REP Software and RemitVision/(R)/ Software products,
(c) the LoanVision name and (d) the NCR Global Strategic Alliance Agreement.
NOW, THEREFORE, in consideration of the premises and the mutual promises
herein contained, and intending to be legally bound hereby, Seller and Buyer
agree as follows:
ARTICLE I
DEFINITIONS
1.1 Certain Definitions. The terms defined in this Section 1.1 shall,
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for all purposes of this Agreement, have the meanings herein specified, unless
the context expressly or by necessary implication otherwise requires:
(a) "Accounts Receivable" shall have the meaning set forth in Section
2.2(h) hereof.
(b) "Acquired Assets" shall have the meaning set forth in Section 2.2
hereof.
(c) "Acquired Books and Records" shall have the meaning set forth in
Section 2.2(l) hereof.
(d) "Acquired Contracts" shall have the meaning set forth in Section
2.2(f) hereof.
(e) "Acquired Employees" shall have the meaning set forth in Section
9.1(a) hereof.
(f) "Acquired Employee Accruals" shall have the meaning set forth in
Section 2.4(c) hereof.
(g) "Acquired Intellectual Property" shall have the meaning set forth in
Section 3.2(g) hereof.
(h) "Acquired Patents, Copyrights and Trademarks" shall have the meaning
set forth in Section 2.2(c) hereof.
(i) "Acquired Trade Secrets" shall have the meaning set forth in Section
2.2(d) hereof.
(j) "Action" shall mean any action, complaint, investigation, petition,
suit or other proceeding, whether civil or criminal, in law or in
equity, or before any arbitrator or Governmental Entity.
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(k) "Adjustment Amount" shall have the meaning set forth in Section 2.6
hereof.
(l) "Agreement" or "this Agreement" shall mean this instrument and all the
Schedules hereto, as originally executed and delivered, or, if amended
or supplemented, as so amended or supplemented.
(m) "Assumed Liabilities" shall have the meaning set forth in Section 2.4
hereof.
(n) "Buyer" shall have the meaning set forth in the initial paragraph of
this Agreement.
(o) "Claims" shall have the meaning set forth in Section 2.2(j) hereof
(p) "Closing" shall have the meaning set forth in Section 7.1 hereof.
(q) "Closing Date" shall mean the date, as determined pursuant to Section
7.1 hereof, on which the Closing shall occur.
(r) "CheckVision Business" shall mean Seller's ongoing business related to
the CheckVision product line, CheckVision Software, the assets
reflected on the CheckVision Business Balance Sheet, and the contracts
listed in Schedule 2.2(f) (i) through Schedule 2.2 (f) (x)hereof.
(s) "CheckVision Business Adjusted Balance Sheet" shall mean the balance
sheet set forth in Schedule 3.2(a)(ii) hereof.
(t) "CheckVision Business Balance Sheet" shall mean the balance sheet set
forth in Schedule 3.2(a)(i) hereof.
(u) "CheckVision Business Closing Balance Sheet" shall have the meaning
set forth in Section 2.8(a) hereof.
(v) "CheckVision Business Employees" shall have the meaning set forth in
Section 9.1(a) hereof.
(w) "CheckVision Business Prepaid Items" shall have the meaning set forth
in Section 2.2(i) hereof.
(x) "CheckVision Other Property" shall have the meaning set forth in
Section 2.2(m) hereof.
(y) "CheckVision Software" shall mean the Software listed in Schedule
2.2(b) hereof as described in the customer contracts acquired under
this Agreement and in the related documentation.
(z) "CheckVision Trade Payables" shall have the meaning set forth in
Section 2.4(b) hereof.
(aa) "Code" shall mean the Internal Revenue Code of 1986, as amended.
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(bb) "Contract Proposals" shall mean those bids, quotations and proposals
for future leases, licenses, contracts, agreements, purchase orders or
commitments listed on Schedule 2.2(g) hereof.
(cc) "Consents" shall have the meaning set forth in Section 6.7 hereof.
(dd) "Convention" shall mean that dates are stored, input, or output in a
format that preserves only decade and year information, but are
processed through a "sliding window" calculation.
(ee) "Deductible Amount" shall have the meaning set forth in Section
10.6(a) hereof.
(ff) "Development Environments" shall mean any device, programming,
documentation, media and other objects, including compilers,
"workbenches," tools, and higher-level or "proprietary" languages,
used by Seller for the development, maintenance and implementation of
Materials and Software, to the extent such objects may be necessary
for any subsequent maintenance or enhancement of the same, similar or
related Materials or the comprehension by reasonably competent
programmers of the operation of such Materials in their business
context.
(gg) "Employee Benefit Plans" shall have the meaning set forth in Section
3.2(l)(i) hereof.
(hh) "Employee Offerees" shall have the meaning set forth in Section 9.1(a)
hereof.
(ii) "ERISA" means the Employee Retirement Income Security Act of 1974, as
amended.
(jj) "Excluded Assets" shall have the meaning set forth in Section 2.3
hereof.
(kk) "Governmental Entity" shall mean any government, or any agency,
bureau, board, commission, court, department, official, political
subdivision, tribunal or other instrumentality of any government,
whether federal, state or local, domestic or foreign.
(ll) "Governmental Licenses," with respect to the Acquired Assets, shall
mean all licenses, permits, franchises, authorizations, approvals,
qualifications, certificates of authority and certificates of
occupancy issued by any governmental or regulatory body or authority
that are required in connection with the operation of the CheckVision
Business as set forth in Schedule 3.2(u) hereof.
(mm) "Indemnified Party" shall have the meaning set forth in Sections 10.1
and 10.2 hereof.
(nn) "Indemnifying Party" shall have the meaning set forth in Sections 10.1
and 10.2 hereof.
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(oo) "Indemnity Claim" shall have the meaning set forth in Section 10.4
hereof.
(pp) "Losses" shall have the meaning set forth in Section 10.1 hereof.
(qq) "Initial Payment" shall have the meaning set forth in Section 2.7(a)
hereof.
(rr) "Materials" shall mean computer programming code (including both
object code and source code versions thereof), databases,
documentation (including user manuals and other written materials
that relate to particular codes or databases), and other materials
useful in designing Software (for example, logic manuals, flow
charts, and principles of operation).
(ss) "NCR Agreement" shall have the meaning set forth in Section 2.11
hereof.
(tt) "Owned Software Licenses" shall mean those licenses listed in
Schedule 2.2(f)(iii) hereof.
(uu) "Owned Tangible Personal Property" shall have the meaning set forth
in Section 2.2(a) hereof.
(vv) "Owned Tangible Personal Property Leases" shall mean those leases
listed in Schedule 2.2(f)(i) hereof.
(ww) "Pro Rata Property Taxes" shall have the meaning set forth in Section
2.4(e) hereof.
(xx) "Purchase Price" shall have the meaning set forth in Section 2.6
hereof.
(yy) "REP Software" shall mean the Software described in the customer
contracts acquired under this Agreement and in the related
documentation.
(zz) "RemitVision Software" shall mean the Software described in the
customer contracts acquired under this Agreement and in the related
documentation.
(aaa) "Seller" shall have the meaning set forth in the initial paragraph of
this Agreement.
(bbb) "Seller's Other Intellectual Property" shall have the meaning set
forth in Section 2.2(e) hereof.
(ccc) "Owned Software" shall mean the software listed in Schedule 2.2(b)
hereof.
(ddd) "Product Date Range" shall have the meaning set forth in Section
3.2(h)(ii)(A).
(eee) "Prohibited Business" shall have the meaning set forth in Section 8.4
hereof.
(fff) "Seller's 401(k) Plan" shall have the meaning set forth in Section
3.2(l)(iv) hereof.
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(ggg) "Software" shall mean any and all (i) computer programs, including
any and all software implementations of algorithms, models and
methodologies, whether in source code or object code, (ii) databases
and compilations, including any and all data and collections of data,
whether machine readable or otherwise, (iii) descriptions, flow-
charts and other work product used to design, plan, organize and
develop any of the foregoing, and (iv) all documentation, including
user manuals and training materials, in whatever media, relating to
any of the foregoing.
(hhh) "Tax" shall mean any foreign, federal, state, county or local income,
sales and use, value added, excise, franchise, real and personal
property, transfer, gross receipt, capital stock, production,
business and occupation, disability, employment, payroll, severance
or withholding tax or charge imposed by any Governmental Entity, any
interest or penalties (civil or criminal) related thereto or to the
nonpayment thereof, and any Losses in connection with the
determination, settlement or litigation of any Tax liability.
(iii) "Third Party Software Licenses" shall mean the licenses for the
software listed in Schedule 2.2(f)(iv) hereof.
(jjj) "Transferable Governmental Licenses" shall have the meaning set forth
in Section 2.2(k) hereof.
(kkk) "WorkVision Software" shall mean the Software described in the
WorkVision documentation as well as that portion of the Software
utilized in the CheckVision Business, REP Software and RemitVision
Software.
(lll) "WorkVision Software License" shall mean a license (pursuant to the
terms set out in Schedule 1.1 (lll) to use the WorkVision Software.
(mmm) "Year 2000 Compliant" shall have the meaning set forth in Section
3.2(h)(ii) hereof.
1.2 Other Definitions. In addition to the terms defined in Section 1.1,
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certain other terms are defined elsewhere in this Agreement, and, whenever such
terms are used in this Agreement, they shall have their respective defined
meanings, unless the context expressly or by necessary implication otherwise
requires.
ARTICLE II
PURCHASE
2.1 Transaction. On and subject to the terms and conditions of this
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Agreement, at the Closing:
(a) Seller shall sell, transfer, assign, convey and deliver the Acquired
Assets to Buyer, and Buyer shall purchase the Acquired Assets from
Seller;
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(b) Buyer shall assume and become solely responsible for the payment or
discharge of the Assumed Liabilities; and
(c) Buyer shall pay to Seller the Purchase Price as herein provided.
2.2 Acquired Assets. For purposes hereof, the term "Acquired Assets"
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means, the WorkVision Software License set forth in Schedule 1.1(lll) and all
the rights, titles, privileges, claims of every kind, character, and
description, tangible and intangible, real and personal related in and to the
following:
(a) Owned Tangible Personal Property. All tangible personal property
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owned by Seller that is included in the CheckVision Business Closing
Balance Sheet as listed in Schedule 3.2(e) (collectively, the "Owned
Tangible Personal Property");
(b) Owned Software. All Software owned exclusively by Seller that is
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described on Schedule 2.2(b) hereto;
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(c) Patents, Copyrights and Trademarks. Patents, patent applications,
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copyrights, copyright applications, trademarks, trademark
registrations, service marks, service xxxx registrations, trade names
and trade name registrations which are owned by Seller, or applied
for, issued to or owned by Seller, or in which Seller has acquired any
right or interest pursuant to any license, assignment, agreement or
other arrangement, and which, in each case, listed or described on
Schedule 2.2(c) hereto (collectively, the "Acquired Patents,
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Copyrights and Trademarks");
(d) Trade Secrets. All know-how, inventions, discoveries, concepts,
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ideas, methods, processes, designs, formulae, technical data,
drawings, manuals, specifications, data bases, models, simulations and
other proprietary and confidential information of Seller described on
Schedule 2.2(d) hereto (collectively, the "Acquired Trade Secrets").
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(e) Other Intellectual Property. The intellectual property described on
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Schedule 2.2(e) hereto (collectively, the "Seller's Other Intellectual
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Property").
(f) Contracts. The material leases, licenses, contracts, agreements,
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purchase orders and commitments, written or oral, to which Seller is
a party on the date hereof that relate solely to the Acquired Assets
and that are listed on Schedule 2.2(f) and Schedules 2.2(f)(i)
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through 2.2(f)(x) hereto (the "Acquired Contracts")
(g) Contract Proposals. The Contract Proposals related to the Acquired
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Assets.
(h) Accounts Receivable. All accounts receivable with respect to the
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Acquired Contracts, excluding Seller intercompany receivables
(collectively, the "Accounts Receivable") as reflected in the
CheckVision Closing Balance Sheet.
(i) Prepaid Items. All prepaid items, deposits and other similar assets
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of the CheckVision Business (collectively, the "CheckVision Business
Prepaid Items") as reflected in the CheckVision Business Closing
Balance Sheet.
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(j) Claims. All rights, claims, and rights and causes of action
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relating to the Acquired Assets, and/or the Assumed Liabilities,
including, without limitation, those arising under the insurance
policies listed on Schedule 3.2(s) hereto, but excluding claims for
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refunds of Taxes (collectively, "Claims").
(k) Transferable Governmental Licenses. Those Governmental Licenses that
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are transferable to Buyer as noted on Schedule 3.2 (u) (collectively,
the "Transferable Governmental Licenses").
(l) Books and Records. As applicable, originals or copies of all books,
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records and accounts, correspondence, invoices, purchase records,
customer and supplier lists, maintenance records, surveys, drawings,
plans and specifications, confidential information that has been
reduced to writing, manuals and other written data in Seller's
facilities in Emeryville, California which relate exclusively to the
CheckVision Business and/or the Acquired Assets (collectively, the
"Acquired Books and Records").
(m) Other Property. All other property, real or personal, tangible or
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intangible, that is owned by or in the possession of Seller, used in
connection with the CheckVision Business or reflected as an asset on
the CheckVision Business Balance Sheet, together with such additions
thereto and subtractions therefrom as have been made by Seller since
the date of the CheckVision Balance Sheet in the ordinary course of
the CheckVision Business and consistent with past practice
(collectively, the "CheckVision Other Property").
2.3 Excluded Assets. For purposes hereof, the term "Excluded Assets"
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means all assets of Seller not specifically designated as an Acquired Asset,
including without limitation, the following:
(a) those assets which have been or will be disposed of as permitted by
this Agreement;
(b) all cash and all Seller intercompany accounts receivable;
(c) WorkVision Software ownership, the name, domain name, and trademark
"Alysis", "IA", "IA Corp.", "WorkOut", "DocuVision", "At Work Corp."
the d.b.a. "@ Work" and related trademarks, corporate name, and trade
names incorporating "Alysis", "IA" or "At Work Corp." or the stylized
"Alysis", "IA" "@Work" logo as used by Seller as part of any trademark
or trade name and the tag lines "YOUR VISION/OUR SOLUTION" and "ACCESS
THE POSSIBILITIES" and the service xxxx for the puzzle piece logo.
(d) except as otherwise set out herein, all assets held by Seller, whether
in trust or otherwise, in respect of employee benefit plans pertaining
to Acquired Employees;
(e) all leases, licenses, contracts, agreements, purchase orders and
commitments, written or oral, other than the Acquired Contracts;
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(f) all claims for refunds of Taxes, and all rights, claims, and rights
and causes of action relating to the Excluded Assets;
(g) all Governmental Licenses issued to Seller that are not transferable
to Buyer; and
(h) the shared assets used in the CheckVision Business that are listed on
Schedule 2.3 hereto.
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2.4 Assumed Liabilities. For purposes hereof, the term "Assumed
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Liabilities" means the following liabilities and obligations of Seller arising
out of or related to the Acquired Assets:
(a) all executory liabilities and obligations, and all product and service
warranty obligations, with respect to the Acquired Contracts;
(b) all trade accounts payable as of the Closing Date incurred in the
ordinary course of the CheckVision Business and reflected on the
CheckVision Business Closing Balance Sheet, as finally determined
(collectively, the "CheckVision Trade Payables");
(c) any applicable payroll, and vacation accruals as of the Closing Date
with respect to the Acquired Employees reflected on the CheckVision
Business Closing Balance Sheet, as finally determined (collectively,
the "Acquired Employee Accruals");
(d) certain sick leave benefits to the extent reflected in the CheckVision
Business Balance Sheet and which sick leave benefits are subject to
possible refund to Seller in accordance with Section 2.7(e); and
(e) Buyer's pro rata portion of any personal property tax with respect to
its ownership of any of the Acquired Assets after the Closing
(collectively, the "Pro Rata Property Taxes").
2.5 Excluded Liabilities. Buyer shall not be deemed by anything contained
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in this Agreement to have assumed any liabilities or obligations other than the
Assumed Liabilities, including, without limitation, any liability or obligation
of Seller for the following:
(a) any Taxes other than the Pro Rata Property Taxes;
(b) any liability or obligation incurred, arising from, in connection with
or as a result of any claims made or Actions brought by or against
Seller, whether before or after the Closing, that arise out of events
that occurred prior to the Closing;
(c) all fees and expenses of Seller in connection with the transactions
contemplated in this Agreement; and
(d) any liability or obligation to or on behalf of current or former
officers, directors or employees of Seller (other than the Acquired
Employee Accruals), including, without limitation, all payroll related
withholdings for amounts paid prior to
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Closing, or any liability or obligation in connection with any
employee benefit plan or collective bargaining, labor or employment
agreement or other similar arrangement.
2.6 Purchase Price and Allocation. The Purchase Price for the Acquired
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Assets shall be equal to Four Million Five Hundred Thousand Dollars ($4,500,000)
less an amount, if any, ("Adjustment Amount") by which the net asset value
reflected on the CheckVision Business Closing Balance Sheet, as finally
determined, is less than negative $500,000 (e.g., negative $501,000 is less than
negative $500,000). The Purchase Price shall be allocated, by mutual agreement
of Seller and Buyer, among the Acquired Assets as set forth in Schedule 2.6
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hereto.
2.7 Payment of Purchase Price. The Purchase Price shall be payable as
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follows:
(a) at the Closing, Buyer shall pay to Seller Four Million Dollars
($4,000,000) less a reasonable estimate of the Adjustment Amount which
will be reflected in Schedule 3.2(a)(ii) (the "Initial Payment") by
wire transfer to the account designated by Seller.
(b) Within three (3) business days after the CheckVision Business Closing
Balance Sheet has been finally determined, Buyer shall pay to Seller,
or Seller shall pay to Buyer, by wire transfer to the account
designated by the recipient for such purpose, the excess or shortfall,
respectively, of the Adjustment Amount described in Section 2.6 above.
(c) The remaining Five Hundred Thousand Dollars ($500,000) of the Purchase
Price shall be retained by Buyer for one (1) year after the Closing
and applied to Seller's liability, if any, under Sections 3.2(f) and
10.1 below. At the end of such one (1) year period, Buyer will remit
the balance, if any, of such retained amount to Seller with interest
thereon at the prime rate as indicated for Citicorp from time to time
in the Wall Street Journal; provided, however, that if an action is
pending or threatened at such time and such action, if successful,
would create a liability of Seller under Section 10.1 below, Buyer
may, until the ultimate conclusion of such action, continue to hold a
portion of such retained amounts as may be reasonably necessary to
cover such potential liability.
(d) Prior to drawing down on any of the retained amount, Buyer shall
notify Seller in writing of its intent to make a claim. Seller and
Buyer shall discuss the merits and amount of such claim. If a dispute
arises as to the amount of money to be claimed by Buyer or to be
remitted to Seller pursuant to this Section, the party initiating the
dispute shall provide written notice to the other party within ten
(10) days after the notice on an intent to make a claim or the one
year anniversary date of the Closing (as may be applicable) stating
with particularity the nature of the dispute. Representatives of the
accounting departments and senior management of each party will meet
as early as reasonably possible and use all reasonable measure to
resolve the dispute.
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(e) The sick leave accrual described in Section 2.4(d) above shall be
applied to sick leave for the Acquired Employees based on an assumed
starting fund for each Acquired Employee of thirty (30) hours and the
accrual applied on a "last in-first out" basis, i.e. this accrual
shall be applied after the Acquired Employees have exhausted sick
leave benefits granted by or earned from Buyer. If any amount of the
sick leave accrual remains unapplied at the time the payment described
in Section 2.7 (c) above is due, such remainder shall be paid to
Seller at the same time.
2.8 Preparation of Closing Balance Sheets.
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(a) As soon as practicable after the Closing and in any event within sixty
(60) days thereafter, Seller (with the assistance and cooperation,
without charge to Seller, of personnel formerly employed by Seller who
are employed by Buyer after the Closing, if necessary) shall prepare
and present to Buyer a statement setting forth the book value of the
Acquired Assets and Assumed Liabilities as of the Closing Date
immediately prior to the Closing (the "CheckVision Business Closing
Balance Sheet");
(b) The CheckVision Business Closing Balance Sheet shall be prepared in
accordance with the accounting principles utilized in the preparation
of the CheckVision Business Adjusted Balance Sheet; and
(c) When presenting the CheckVision Business Closing Balance Sheet to
Buyer, Seller shall also submit to Buyer a certificate executed by the
Chief Financial Officer of Seller stating that the CheckVision
Business Closing Balance Sheet fairly presents the book values of the
Acquired Assets and Assumed Liabilities, determined in accordance with
this Section 2.8.
2.9 Determination of Closing Balance Sheets.
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(a) Buyer and its representatives and accountants shall have the right to
review the work papers used in preparing the Closing Balance Sheet,
and shall have full access to the books, records, properties and
personnel of Seller for purposes of verifying the accuracy and
fairness of presentation of the CheckVision Business Closing Balance
Sheet.
(b) The CheckVision Business Closing Balance Sheet and the amounts
reflected therein shall be binding upon Buyer and Seller for all
purposes unless Buyer, within thirty (30) days after its receipt of
the CheckVision Business Closing Balance Sheet, gives written notice
to Seller of Buyer's disagreement with any of such amounts, which
notice shall specify in reasonable detail, insofar as possible, the
nature and extent of such disagreement. If Buyer and Seller are unable
to resolve any such disagreement within thirty (30) days after Buyer
gives Seller notice thereof, the disagreement shall be referred for
final determination to a mutually acceptable accounting firm of
national reputation. Buyer and Seller may submit to such accounting
firm any facts that they deem relevant, and the
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determination of such accounting firm shall be conclusive, non-
appealable and binding upon Buyer and Seller for all purposes. Buyer
and Seller agree that judgment may be entered upon the determination
of such accounting firm in any court having jurisdiction over the
party against which such determination is to be enforced. Buyer and
Seller agree that the procedures established by this Section 2.9(b)
shall constitute the exclusive procedures for the final determination
of the CheckVision Business Closing Balance Sheet and the amounts
reflected therein.
2.10 Payment of Certain Expenses. Buyer and Seller shall each pay the fees
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and disbursements of their respective internal and independent accountants and
other personnel incurred in the initial preparation, review and final
determination of the Closing Balance Sheet. The fees and disbursements of the
accounting firm to which any disagreement is referred pursuant to Section 2.9(b)
hereof shall be borne equally by Buyer and Seller.
2.11 Payments Pursuant to the NCR Agreement. Seller entered into a Global
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Strategic Alliance Agreement with XXX Xxxxxxxxxxx dated as of the 11/th/ day of
June, 1997 as amended as of the 4/th/ day of June, 1999 ("NCR Agreement"). The
NCR Agreement will be conveyed to Buyer as part of the Acquired Assets; however,
for a period beginning on the Closing Date and continuing thereafter until the
NCR Agreement is terminated, Buyer will remit to Seller, seventy-five percent
(75%) of the royalties received by Buyer pursuant to such Agreement less an
administrative charge not to exceed fifty thousand dollars ($50,000) per year.
Said administrative fee shall be paid as incurred and deducted from any
royalties due to Seller.
ARTICLE III
REPRESENTATIONS AND WARRANTIES
3.1 Seller's General Representations and Warranties. Seller represents
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and warrants to Buyer the following:
(a) Organization and Good Standing. Seller is a corporation, duly
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organized, validly existing and in good standing under the laws of the
State of Delaware, with full corporate power to carry on the
CheckVision Business as it has been and is currently conducted, and to
own, lease or operate the Acquired Assets. Seller is qualified to do
business and is in good standing in each jurisdiction in which the
nature of the CheckVision Business or the character of the Acquired
Assets makes such qualification necessary.
(b) Power and Authority. Seller has full power and authority under its
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charter and bylaws to execute, deliver, and perform this Agreement.
(c) Authorization. The execution, delivery and performance of this
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Agreement by Seller has been duly authorized by all requisite
corporate action on the part of Seller, and the representative of
Seller who has executed this Agreement has been duly authorized to do
so by Seller.
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(d) Binding Effect. This Agreement is a valid, binding and legal
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obligation of Seller, subject to applicable bankruptcy, insolvency and
similar laws affecting creditor rights generally and subject, as to
enforceability to general principles of equity (regardless of whether
enforcement is in an action at law or suit in equity).
(e) No Violation. Neither the execution and delivery of this Agreement
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by Seller nor Seller's full performance of its obligations hereunder
will violate or breach, or otherwise constitute or give rise to a
default under or conflict with (i) Seller's charter or bylaws, (ii)
any contract, commitment, or other obligation to which Seller is a
party, (iii) any judgment, decree, order or award of any Governmental
Entity or arbitrator, or (iv) any law, rule or regulation applicable
to Seller.
(f) Regulatory Approvals. All consents, approvals, authorizations and
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other requirements prescribed by any law, rule or regulation which
must be obtained or satisfied by Seller and which are necessary for
the execution and delivery by Seller of this Agreement and the
documents to be executed and delivered by Seller in connection
herewith have been obtained and satisfied.
(g) Finders. Except for the Corum Group, whose fees and expenses will be
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paid by Seller, Seller has not engaged and is not directly or
indirectly obligated to anyone acting as a broker, finder or in any
other similar capacity in connection with the purchase of the Acquired
Assets.
(h) Representations and Warranties True and Complete. All representations
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and warranties of Seller in this Agreement are true, accurate and
complete in all material respects as of the date hereof, and will be
true, accurate and complete in all material respects as of the Closing
(as if such representations and warranties were made anew as of the
Closing, except with respect to the effect of transactions
contemplated or permitted by this Agreement).
3.2 Seller's Representations and Warranties Concerning the CheckVision
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Business. Seller represents and warrants to Buyer the following:
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(a) Financial Statements.
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(i) Schedule 3.2(a)(i) hereto contains the unaudited balance
------------------
sheets associated with the CheckVision Business prepared as of June
30, 2000 ("CheckVision Business Balance Sheet"). Except as provided
for in Schedule 3.2(a)(i) hereto, the CheckVision Business Balance
------------------
Sheet (A) was prepared in accordance with the books and records of
Seller, (B) was prepared in accordance with generally accepted
accounting principles consistently applied, (C) fairly presents the
financial condition of CheckVision Business as at the relevant dates
thereof and for the periods covered thereby, and (D) contains and
reflects all necessary adjustments and accruals for a fair
presentation of the financial condition of the CheckVision Business
for the periods covered thereby.
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(ii) Schedule 3.2(a)(ii) hereto contains the CheckVision Business
-------------------
Balance Sheet, as adjusted by Buyer and agreed to by Seller
("CheckVision Business Adjusted Balance Sheet").
(b) Interests. The CheckVision Business does not own, directly or
---------
indirectly, any interest or investment (whether equity or debt) in
any corporation, partnership, business, trust or other entity.
(c) Absence of Specified Changes. Since the date of the CheckVision
----------------------------
Business Balance Sheet, except as set forth in Schedule 3.2(c)
---------------
hereto, there has not been:
(i) any material transaction by Seller with respect to Acquired
Assets, including, without limitation, any transfer or encumbrance of
any asset, any amendment or termination of any agreement, or any
waiver or release of any right or claim, except in the ordinary
course of business;
(ii) any material adverse change in the operations, condition
(financial or otherwise), liabilities, assets, business or prospects
of the CheckVision Business;
(iii) any material change, as it relates to the Acquired Assets and
Acquired Employees in the salary or other compensation payable or to
become payable by or on behalf of Seller to any of its
representatives or employees, other than routine increases made in
the ordinary course of business, or any change in benefits payable or
to become payable to any such person, or any employee hires, recalls,
promotions, transfers or personal leaves, except as required by law;
or
(iv) any agreement by Seller to do any of the things described in
the preceding clauses (i) through (iii).
(d) Tax Returns and Audits. Except as provided for in Schedule 3.2(d)
---------------------- ---------------
hereto, with respect to the CheckVision Business, Seller has filed
all Tax returns required by law and has paid all Taxes, assessments
and penalties due and payable.
(e) Tangible Personal Property. Schedule 3.2(e) hereto is a complete and
-------------------------- ---------------
accurate list of all Owned Tangible Personal Property. Except as set
forth on Schedule 3.2(e) hereto, each item of Owned Tangible Personal
Property and each item subject to a Third Party Tangible Personal
Property Lease listed in Schedule 2.2(f)(ii) is in good operating
condition and repair, subject to normal wear and tear.
(f) Accounts Receivable. Schedule 3.2(f) hereto is a complete and
------------------- ---------------
accurate schedule of the accounts receivable of the CheckVision
Business as of June 30, 2000, prior to adjustments made during the
due diligence process as reflected in the CheckVision Business
Balance Sheet, together with an accurate aging of these accounts.
These accounts receivable are valid receivables subject to no setoffs
or counterclaims.
(g) Intellectual Property. Schedules 2.2 (b), 2.2(c), 2.2(d) and 2.2(e)
--------------------- --------------------------------------------
hereto set forth a true and complete list or description of all Owned
Software, Acquired Patents,
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Copyrights and Trademarks, Acquired Trade Secrets and Seller's Other
Intellectual Property, respectively (collectively, the "Acquired
Intellectual Property"). Except as indicated on Schedule 3.2(g)
---------------
hereto:
(i) As to the Acquired Patents, Copyrights and Trademarks,
Seller has not received any notice or claim (whether written, oral or
otherwise) challenging the validity or enforceability thereof, and
the Acquired Patents, Copyrights and Trademarks are currently in
compliance with all legal requirements.
(ii) To Seller's knowledge, the inventions disclosed in the
Acquired Patents, Copyrights and Trademarks may be practiced by
Seller without infringing any patents owned by any other person.
(iii) All Acquired Patents, Copyrights and Trademarks that have
been registered have been effectively registered in accordance with
all applicable legal requirements.
(iv) Seller, in consideration of its size and resources, has
taken all reasonable steps to protect its rights in and to the
Acquired Patents, Copyrights and Trademarks material to the Acquired
Assets.
(v) All maintenance fees, annuities, and the like due on the
Acquired Patents, Copyrights and Trademarks have been timely paid,
and the Acquired Patents, Copyrights and Trademarks are not subject
to any taxes or other fees except the annuities listed on Schedule
--------
3.2(g) hereto.
------
(vi) Seller has not received any notice or claim (whether
written, oral or otherwise) challenging its exclusive and complete
ownership of the Acquired Intellectual Property or suggesting that
any other person has any claim of legal or beneficial ownership or
other claim or interest with respect thereto; to Seller's knowledge,
none of the Acquired Intellectual Property infringes, violates or
conflicts with, or is alleged to infringe, violate or conflict with,
any intellectual property right of any third party, and there have
been no infringements or alleged infringements by others or, to
Seller's knowledge, other adversary proceedings concerning the
Acquired Intellectual Property; and no Acquired Patents, Copyrights
and Trademarks have been or are now involved in any opposition or
cancellation proceeding and, to Seller's knowledge; no such action is
threatened with the respect thereto.
(vii) The Owned Software does not contain any Materials or
Development Environments that embody intellectual property rights of
any person other than Seller or one of its subsidiaries, except for
such Materials or Development Environments obtained from third
parties that have expressly licensed Seller or its subsidiaries to
utilize such Materials or Development Environments in the manner they
have been utilized.
(viii) With the exception of (A) the NCR Agreement, (B) the
source code rights in RemitVision and REP granted to Mellon Bank,
Wachovia, ABN-
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AMRO, and (C) those licenses set forth in the Acquired Contracts, no
source code of any Owned Software has been licensed to any person
other than Seller or one of its subsidiaries; Seller and its
subsidiaries have treated such source code, and the data associated
therewith, as confidential and proprietary business information, and
have taken all reasonable steps to protect the same.
(ix) Except under appropriate confidentiality obligations, there
has been no disclosure of any Acquired Trade Secrets by Seller or any
of its affiliates.
(x) Seller has not granted to any person any right, license or
Owned Software licenses, Acquired Patents, Copyrights and Trademarks
licenses and Acquired Trade Secret licenses.
(h) Year 2000.
---------
(i) All computer and networking (data, voice, and management)
hardware and equipment (including, without limitation, all processor,
peripheral, call/network handling, and network management equipment),
all Software, firmware, and all equipment and devices having date-
dependent or date-sensitive function or operation material to the
business which are included within the Acquired Assets are Year 2000
Compliant (as hereinafter defined). Seller has no liability arising
out of, resulting from or related to the failure of the Acquired
Assets to be Year 2000 Compliant.
(ii) For purposes of this Agreement, an item is "Year 2000
Compliant" if it:
(A) supports operation in a continuous date range
designated by Seller, which range extends from before to and
after January 1, 2000 and which otherwise encompasses a time
period and is of a duration reasonably suitable to the uses for
which such item is intended (with respect to each item, the
"Product Date Range");
(B) will, using any date or sets of dates within the
Product Date Range:
(1) function normally, without premature program
termination or other impairment or degradation of functions
or performance, and without need for special processing or
manual intervention, and
(2) produce expected results (including correct leap
year calculations) in doing arithmetic, comparison,
sorting, day-of-week, day-of-year, and other date-related
manipulations; and
(C) either uses four-digit year numbers for all date input
and display functions, or, if two-digit or other truncated year
representations are used, then the dates will be interpreted
according to Convention.
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(i) Title to Assets. Seller has good and marketable title to all of the
---------------
Acquired Assets, and the Acquired Assets are free and clear of all
liens, mortgages, pledges, security interests, restrictions, prior
assignments, encumbrances and claims of any kind or nature
whatsoever, except for any of the foregoing disclosed in Schedule
--------
3.2(i) hereto. The delivery to Buyer of the instruments of transfer
------
of ownership contemplated by this Agreement will vest good and
marketable title to the Acquired Assets in Buyer, free and clear of
all liens, mortgages, pledges, security interests, restrictions,
prior assignments, encumbrances and claims of any kind or nature
whatsoever, except for any of the foregoing disclosed in Schedule
--------
3.2(i) hereto.
------
(j) Real Property Leases. Seller is not assigning nor transferring any
--------------------
Real Property Leases pursuant to this Agreement.
(k) Customers and Suppliers. Schedule 3.2(k) hereto is a correct and
----------------------- ---------------
current list of all customers and material suppliers of or to the
CheckVision Business, together with summaries of the sales and
purchases attributable to each during the most recent fiscal year.
(l) Labor and Employment Matters.
----------------------------
(i) Schedule 3.2(l) hereto is a true and complete list of all
---------------
agreements, plans and arrangements to which Seller is bound and which
provide remuneration or benefits to the CheckVision Business
Employees, including, without limitation, the following:
(A) all employment contracts;
(B) all 401(k), pension, welfare and other retirement
agreements, plans and arrangements;
(C) all bonus, deferred compensation and profit-sharing
agreements, plans and arrangements;
(D) all severance agreements, plans and arrangements; and
(E) all agreements, plans and arrangements under which "fringe
benefits" are provided (including, without limitation,
vacation plans or programs, sick leave plans or programs and
related benefits).
With respect to the Acquired Employees, all of such agreements, plans
and arrangements (collectively, the "Employee Benefit Plan(s)") are
in full force and effect, Seller is not currently in default
thereunder, and no event has occurred which through the passage of
time or the giving of notice, or both, would constitute a default
thereunder or would cause the acceleration of any obligation of
Seller thereunder. Seller has previously delivered to Buyer a true
and complete copy of each Employee Benefit Plan.
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(ii) There is no collective bargaining agreement or other labor
agreement to which Seller is a party or by which it is bound that
relates to any of the CheckVision Business Employees. With respect to
the CheckVision Business and the CheckVision Business Employees,
there is no unfair labor practice complaint against Seller pending
before the National Labor Relations Board or any other Governmental
Entity, or any pending or, to Seller's knowledge, threatened labor
dispute.
(iii) To Seller's knowledge, with respect to the CheckVision
Business and the CheckVision Business Employees, Seller has complied
in all material respects with all applicable laws, rules and
regulations relating to the employment of labor, including those
related to wages, hours, collective bargaining and the payment and
withholding of taxes and other sums as required by appropriate
Governmental Entities, and has withheld and paid to the appropriate
Governmental Entities or is holding for payment not yet due to such
Governmental Entities, all amounts required to be withheld from the
CheckVision Business Employees, and is not liable for any arrears of
wages, taxes, penalties or other sums for failure to comply with any
of the foregoing.
(iv) With respect to the CheckVision Business Employees, with
respect to any of the Employee Benefit Plans under which ongoing
vesting will continue after the Closing Date, and with respect to the
401(k) plan included within the Employee Benefit Plans ("Seller's
401(k) Plan"):
(A) Each Employee Benefit Plan complies with, and will continue
to comply with, the provisions of and has been administered,
and will continue to be administered, in compliance with the
provisions of ERISA and all other applicable laws. Without
limiting the generality of the foregoing, Seller's 401(k)
Plan is currently a "qualified plan", and will be so at the
time of any distribution, within the meaning of Section
401(a) of the Code; no "prohibited transaction" (as such
term is defined in Section 4975 of the Code, or in Part 4 of
Subtitle B of Title I of ERISA) has occurred with respect to
any Employee Benefit Plan that could result in the
imposition of taxes or penalties; and Seller has not failed
to make any contribution to, or to make any payment under,
any Employee Benefit Plan that it was required to make
pursuant to the terms of the plan or pursuant to applicable
law.
(B) Except as set forth in Schedule 3.2(l) hereto, there is no
---------------
pending or, to Seller's knowledge, threatened legal action,
proceeding or investigation against or involving any
Employee Benefit Plan.
(m) Contracts. Schedule 2.2(f)(i) - (x) hereto sets forth a true and
--------- ------------------------
complete list of all customer contracts (active and inactive) being
acquired, material leases, licenses, contracts, agreements, purchase
orders and commitments, written or oral, to which
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Seller is a party on the date hereof that relate solely to the
Acquired Assets. Except as set forth in Schedule 3.2(m) hereto:
---------------
(i) Each Acquired Contract is a valid and binding agreement of
Seller, and Seller does not have any knowledge that any of the
Acquired Contracts is not a valid and binding agreement of the other
parties thereto.
(ii) There is no material default, or to Seller's knowledge,
event that, with notice or lapse of time or both, would constitute a
material default by any party to any of the Acquired Contracts.
(iii) Seller has fulfilled all material obligations required
pursuant to each Acquired Contract to have been performed by Seller
prior to the date hereof, and Seller has no reason to believe that it
will not be able to fulfill, when due, all of its obligations under
the Acquired Contracts which remain to be performed after the date
hereof;+
(n) Compliance with Laws. To Seller's knowledge, the CheckVision
--------------------
Business as conducted within the past three (3) years has been and is
in compliance with, and has not been and is not in violation of, any
applicable statute, law, order or regulation of any Governmental
Entity, including, without limitation, any applicable building,
zoning, safety, environmental protection, or other law, ordinance or
regulation affecting properties used in or the operation of the
CheckVision Business; and Seller has not received any notice within
three (3) years of the date hereof of any such violation.
(o) Litigation. Except as set forth in Schedule 3.2(o) hereto, there is
---------- ---------------
no pending, or to the knowledge of Seller, threatened, Action or
investigation by any Governmental Entity against Seller that affects
the Acquired Assets, or the business, assets, liabilities,
operations, condition (financial or otherwise) or prospects of
CheckVision Business. Seller has furnished or made available to Buyer
copies of all relevant court papers and other documents relating to
the matters set forth in Schedule 3.2(o) hereto. Seller is not in
---------------
default with respect to any federal, state, local or foreign court,
department, agency or instrumentality. Except as set forth in
Schedule 3.2(o) hereto, Seller is not presently engaged in any legal
---------------
action to recover moneys due to it or damages sustained by it.
(p) Interest in Customers, Suppliers and Competitors. Except as set
------------------------------------------------
forth on Schedule 3.2(p) hereto, Seller has no direct or indirect
interest in any competitor, supplier or customer of or to the
CheckVision Business, or in any other person with whom Seller is
doing business as it relates to the CheckVision Business.
(q) Bank Accounts. Schedule 3.2(q) hereto lists the names of all banks
------------- ---------------
and financial institutions in which the CheckVision Business has an
account, deposit, or safe deposit box, with the names of all persons
authorized to draw on these accounts or deposits or having access to
these boxes.
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(r) Environmental Matters. Except as set forth on Schedule 3.2(r)
--------------------- ---------------
hereto, with respect to Acquired Assets:
(i) Seller is in material compliance with all applicable
federal, state, local and foreign laws and regulations relating to
pollution or protection of human health or the environment,
including, without limitation, ambient air, surface water, ground
water, land surface or subsurface strata (collectively,
"Environmental Laws"), which compliance includes, without limitation,
the possession of all material permits and other governmental
authorizations required under applicable Environmental Laws, and
compliance with the terms and conditions thereof;
(ii) to the knowledge of Seller, there are no circumstances
that are reasonably likely to prevent or interfere with such material
compliance in the future as the CheckVision Business is presently
conducted; and
(iii) there are no Actions, demands or notices by any person or
entity alleging liability under or non-compliance with any
Environmental Law pending or, to the knowledge of Seller, threatened
against Seller.
(s) Insurance. Schedule 3.2(s) hereto sets forth a true and correct list
--------- ---------------
of (i) all insurance policies of any nature whatsoever currently
maintained by Seller with respect to the CheckVision Business or
Acquired Assets, and (ii) with respect to each such policy, the
insurer, the policy limits, the expiration date, the annual premiums
and a description of the type of coverage. All such policies are in
full force and effect and will continue in full force and effect
through the Closing. All premiums are paid and current, including
deposits required to be made.
(t) Powers of Attorney. Except as set forth on Schedule 3.2(t) hereto,
------------------ ---------------
Seller has not given any power of attorney (irrevocable or otherwise)
to any person or entity for any purpose relating to the Acquired
Assets, other than powers of attorney given to Governmental Entities
in connection with routine qualifications to do business.
(u) Governmental Licenses. Schedule 3.2(u) hereto contains a true and
--------------------- ---------------
complete list of all Governmental Licenses.
(v) Retention Plan. Seller shall have the Retention Plan (as described
---------------
below) in place on the Closing Date and at all times during the
period between the Closing Date and one year thereafter.
(w) Infrastructure. Schedule 3.2(w) contains a materially complete and
--------------- ---------------
accurate list of all software, hardware and other infrastructure
components that are not conveyed hereunder and that are to be
procured by Buyer from other sources and, in combination with the
Acquired Assets, are necessary to carry on the CheckVision Business
in substantially the same manner as conducted immediately prior to
the Closing Date.
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3.3 Buyer's Representations and Warranties. Buyer hereby represents and
--------------------------------------
warrants to Seller the following:
(a) Organization and Existence. Buyer is a corporation, duly organized,
--------------------------
validly existing, and in good standing under the laws of Nevada.
(b) Power and Authority. Buyer has full corporate power and authority
-------------------
under its charter and bylaws to execute, deliver and perform this
Agreement.
(c) Authorization. The execution, delivery and performance of this
-------------
Agreement has been duly authorized by all requisite corporate actions
on the part of Buyer, and the representatives of Buyer who have
executed this Agreement have been duly authorized to do so by Buyer.
(d) Binding Effect. This Agreement is a valid, binding and legal
--------------
obligation of Buyer.
(e) No Violation. Neither the execution and delivery of this Agreement
------------
by Buyer nor Buyer's full performance of its obligations hereunder
will violate or breach, or otherwise constitute or give rise to a
default under or conflict with (i) Buyer's charter or bylaws, (ii)
any contract, commitment or other obligation to which the Buyer is a
party, (iii) any judgment, decree, order or award of any Governmental
Entity or arbitrator, or (iv) any law, rule or regulation applicable
to Buyer.
(f) Regulatory Approvals. All consents, approvals, authorizations and
--------------------
other requirements prescribed by any law, rule or regulation which
must be obtained or satisfied by Buyer and which are necessary for
the execution and delivery by Buyer of this Agreement and the
documents to be executed and delivered by Buyer in connection
herewith have been obtained and satisfied.
(g) Finders. Buyer has not engaged and is not directly or indirectly
-------
obligated to anyone acting as a broker, finder or in any other
similar capacity in connection with the purchase of the Acquired
Assets.
(h) NCR Agreement. Buyer shall comply with the provision Section 8.8
-------------
hereof.
(i) Representations and Warranties True and Complete. All representations
------------------------------------------------
and warranties of Buyer in this Agreement are true, accurate and
complete in all material respects as of the date hereof, and will be
true, accurate and complete in all material respects as of the
Closing (as if such representations and warranties were made anew as
of the Closing, except with respect to the effect of transactions
contemplated or permitted by this Agreement).
ARTICLE IV
ACTIONS BEFORE CLOSING
4.1 Access.
------
Seller hereby covenants to Buyer that, from the date hereof to the
Closing, Seller (i) shall
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afford duly authorized representatives of Buyer reasonable access during normal
business hours to all CheckVision Business Employees (for the purpose of
announcing the transaction and implementing the transition plan) and to all of
the assets, properties, books and records of Seller or relating to the
CheckVision Business, (ii) shall permit such representatives to make abstracts
from, or take copies of, such books, records or other documentation, (iii) shall
furnish to such representatives paper and electronic copies of all information
regarding the Acquired Assets, and (iv) shall furnish to Buyer such other
information concerning Seller and its assets, liabilities or financial condition
as Buyer may reasonably request.
4.2 Interim Conduct of the Business.
-------------------------------
Seller hereby covenants to Buyer that, from the date hereof to the Closing,
Seller shall cause the CheckVision Business to be operated diligently and only
in the ordinary and usual course, subject to Buyer's approval of certain
transactions pursuant to Section 4.3 hereof. Without limiting the generality of
the foregoing, Seller hereby covenants to Buyer that Seller shall:
(i) use its commercially reasonable, best efforts to preserve
Seller's business relationships with suppliers, customers, employees,
creditors and others having business dealings with Seller;
(ii) maintain in full force and effect its existing policies of
insurance covering Seller, the CheckVision Business or any of the Acquired
Assets; and
(iii) maintain all Acquired Intellectual Property in substantially
the same standing as exists on the date hereof.
4.3 Approval of Certain Transactions.
--------------------------------
Seller hereby covenants to Buyer that, from the date hereof to the Closing,
insofar as Seller and the CheckVision Business is concerned, Seller shall not do
any of the following without the prior written approval of Buyer, which approval
shall not be unreasonably withheld:
(i) except in the ordinary course of business, enter into any
material transaction, or any contract or commitment with respect thereto
(including, without limitation, any transfer or encumbrance of any asset,
any amendment or termination of any agreement, or any waiver or release of
any right or claim);
(ii) enter into any contract, commitment or transaction in the
ordinary course of business involving an amount exceeding $25,000,
individually;
(iii) make any change in the salary or other compensation payable or
to become payable to any CheckVision Employee, or make any change in such
person's employee benefits, except in the ordinary course of business, or
make any employee hires, recalls, promotions, transfers, personal leaves
(except as required by law) or new employee-related commitments; or
(iv) make any capital commitments, whether or not in the ordinary
course of
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business, in excess of $10,000, individually, or $50,000 in the aggregate,
or enter into any leases of capital equipment or property under which the
annual lease charge is in excess of $10,000.
4.4 Other Agreements. Seller hereby covenants to Buyer, and Buyer hereby
----------------
covenants to Seller, that between the date hereof and the Closing, the parties
shall work in good faith to arrange for the orderly transfer of the CheckVision
Business from Seller to Buyer.
4.5 Consents to Assignment. Seller hereby covenants to Buyer that,
----------------------
between the date hereof and the Closing, Seller, with Buyer's assistance, shall
obtain, at Seller's expense (except for Buyer's incidental expenses), the
consents or approvals (or effective waivers thereof) of assignment or novation
as required from those persons, entities or Governmental Entities whose consents
or approvals are required for the transfer of the Acquired Assets to Buyer and
that are listed on Schedule 4.5, and Seller shall furnish copies of such signed
consents and approvals to Buyer at the Closing.
4.6 Property Taxes. All personal property taxes with respect to the
--------------
ownership of any of the Acquired Assets shall be pro rated, and Seller shall be
responsible for that portion attributable to the period prior to the Closing and
Buyer shall be responsible for that portion attributable to the period after the
Closing.
ARTICLE V
CONDITIONS TO OBLIGATIONS OF SELLER
-----------------------------------
The obligations of Seller to consummate the transactions contemplated by
this Agreement shall be subject to the fulfillment of the following conditions
at or before the Closing:
5.1 Representations and Warranties Correct. All representations and
--------------------------------------
warranties of Buyer in this Agreement are true, accurate and complete in all
material respects as of the date hereof and will be true, accurate and complete
in all material respects as of the Closing (as if such representations and
warranties were made anew as of the Closing except with respect to the effect of
the transactions contemplated or permitted by this Agreement).
5.2 Performance. Buyer shall have performed all of its obligations and
-----------
agreements and complied with all of its covenants contained in this Agreement,
and shall have delivered all documents, certificates and instruments required to
be delivered by it under the terms of this Agreement. Buyer shall deliver to
Seller at or before the Closing an officer's certificate of signature and
incumbency of the officer executing this Agreement.
5.3 Authority. Buyer shall have taken all corporate actions required to
---------
be taken by it in connection with the transactions contemplated by this
Agreement. All requisite approvals and authorizations from any Governmental
Entity necessary for the consummation of the transactions contemplated hereby
shall have been duly issued or granted.
5.4 Litigation. Immediately prior to the Closing, no judgment,
----------
injunction, restraining order or other order issued by a Governmental Entity
that prohibits the consummation of the transactions contemplated in this
Agreement or that materially and adversely affects the benefits
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to be received by Seller as a result of such transactions shall be in effect,
and no Action shall be pending or threatened before any Governmental Entity
which presents a substantial risk of the issuance of such an order or the
obtaining of material damages or other material relief in connection therewith.
ARTICLE VI
CONDITIONS TO OBLIGATIONS OF BUYER
The obligations of Buyer to consummate the transactions contemplated by
this Agreement shall be subject to the fulfillment of the following conditions
at or before the Closing:
6.1 Representations and Warranties Correct. All representations and
--------------------------------------
warranties of Seller in this Agreement are true, accurate and complete in all
material respects as of the date hereof and will be true, accurate and complete
in all material respects as of the Closing (as if such representations and
warranties were made anew as of the Closing except with respect to the effect of
the transactions contemplated or permitted by this Agreement).
6.2 Performance. Seller shall have performed all of its obligations and
-----------
agreements and complied with all of its covenants contained in this Agreement,
and shall have delivered to Buyer all documents, certificates and instruments
required to be delivered by it under the terms of this Agreement. Seller shall
deliver to Buyer an officer's certificate of signature and incumbency of the
officer executing this Agreement.
6.3 Authority. Seller shall have taken all corporate actions required to
---------
be taken in connection with the transactions contemplated by this Agreement.
All requisite approvals and authorizations from any Governmental Entity
necessary for the consummation of the transactions contemplated hereby shall
have been duly issued or granted.
6.4 Litigation. Immediately prior to the Closing, no judgment,
----------
injunction, restraining order or other order issued by a Governmental Entity
that prohibits the consummation of the transactions contemplated in this
Agreement or that materially and adversely affects the benefits to be received
by Buyer as a result of such transactions shall be in effect, and no Action
shall be pending or threatened before any Governmental Entity which presents a
substantial risk of the issuance of such an order or the obtaining of material
damages or other material relief in connection therewith.
6.5 No Material Adverse Change. During the period from the date of the
--------------------------
CheckVision Business Balance Sheet to the Closing (a) there shall not have been
any material adverse change in the Acquired Assets or in the operations,
condition (financial or otherwise), liabilities, assets, business or prospects
of the CheckVision Business, and (b) Seller shall not have sustained any
material loss or damage to its assets that materially affects its ability to
conduct a material part of its CheckVision Business.
6.6 Retention Program In Place By Seller. Seller shall have instituted on
------------------------------------
Closing Date the stock option plan ("Retention Plan") as described on Schedule
5.6.
6.7 Required Pre-Closing Consents. Seller shall have obtained, at its
-----------------------------
expense, all
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consents or approvals (or effective waivers, either written or oral, thereof) of
assignment or novation as required from those persons or entities whose consents
or approvals are required for the transfer of the Acquired Assets to Buyer
(collectively, the "Consents") as required in Section 4.5.
6.8 Minimum Pre-Closing Acceptance of Employment Offers. At least eighty
---------------------------------------------------
percent (80%) of the Employee Offerees (as defined below) shall have accepted
employment with Buyer effective as of the Closing.
ARTICLE VII
CLOSING
7.1 Closing. Satisfaction of the respective conditions precedent to (a)
-------
the obligations of Seller and Buyer and (b) the consummation of the transactions
contemplated hereby shall be determined at a closing (the "Closing"), such
Closing to take place on or before August 21, 2000 or such other date as the
parties mutually agree (the "Closing Date"). The Closing shall be held at a
location and time to be agreed upon by the parties.
7.2 Deliveries by Seller to Buyer. At the Closing, or at mutually agreed
-----------------------------
to times thereafter, Seller shall deliver to Buyer the following:
(a) Acquired Assets. Possession of the Acquired Assets, and all
---------------
documents and instruments reasonably required to validly and
effectively transfer the Acquired Assets to Buyer (including, without
limitation, bills of sale, deeds, licenses, assignments, conveyances,
agreements, consents and novations), each of which documents and
instruments has been duly executed by Seller. The parties shall
mutually agree on a schedule to physically relocate the Acquired
Assets after Closing.
(b) Officer's Certificates.
----------------------
(i) A certificate, executed by a duly authorized officer of
Seller and dated as of the Closing Date, certifying that, as of the
Closing, the representations, warranties and covenants of Seller in
Article III hereof are true and correct, and the conditions specified
in Article VI hereof have been satisfied.
(ii) The officer's certificate specified in Section 6.2 hereof.
(c) Consents. The Consents, each of which complies with Section 4.5 as
--------
of the Closing.
(d) Other Documents and Instruments. Such other documents, receipts,
-------------------------------
certificates or instruments or transfer as may be reasonably requested by
Buyer for the purpose of consummating the transactions contemplated by this
Agreement.
7.3 Deliveries by Buyer to Seller. At the Closing, Buyer shall deliver to
-----------------------------
Seller the following:
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(a) a wire transfer in the amount of the Initial Payment to the account
specified by Seller.
(b) Assumed Liabilities. An executed and notarized instrument pursuant
-------------------
to which Buyer shall assume and become solely responsible for the
Assumed Liabilities as of the Closing.
(c) Officer's Certificates.
----------------------
(i) A certificate, executed by a duly authorized officer of
Buyer and dated as of the Closing Date, certifying that, as of the
Closing, the representations, warranties and covenants of Buyer in
Article III hereof are true and correct, and the conditions specified
in Article V hereof have been satisfied.
(ii) The officer's certificate specified in Section 5.2
hereof.
(d) Other Documents and Instruments. Such other documents, receipts,
-------------------------------
certificates or instruments or transfer as may be reasonably
requested by Seller for the purpose of consummating the transactions
contemplated by this Agreement.
ARTICLE VIII
ACTIONS AFTER CLOSING
8.1 Further Assistance. In case at any time after the Closing any
------------------
further action is necessary or desirable to carry out the purposes of this
Agreement, each of Buyer and Seller will take such further action (including the
execution and delivery of such further instruments and documents) as the other
party reasonably may request, at the sole cost and expense of the requesting
party (unless the requesting party is entitled to indemnification therefor under
Article X below).
8.2 Access to Books and Records.
---------------------------
(a) For a period of three (3) years after the Closing Date, Buyer shall
retain all books and records in its possession that existed as of the
Closing Date and which relate to the CheckVision Business. During
such period, Buyer shall afford duly authorized representatives of
Seller free and full access to all such Acquired Books and Records
and shall permit such representatives to make abstracts from, or to
take copies of any such records, or to obtain temporary possession of
any such books and records as may be reasonably required by Seller.
(b) For a period of five (5) years after the Closing Date, Seller shall
retain all books and records in its possession which existed as of
the Closing Date and which relate to the CheckVision Business (other
than the books and records, which Seller shall deliver to Buyer at
the Closing). During such period, Seller shall afford duly authorized
representatives of Buyer free and full access to all such books and
records and shall permit such representatives to make abstracts from,
or to take
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copies of any such records, or to obtain temporary possession of any
such books and records as may be reasonably required by Buyer.
8.3 Access to Former Employees. For a period of five (5) years after the
--------------------------
Closing Date, Buyer shall make available to Seller Acquired Employees whose
assistance Seller may reasonably require in connection with the defense of any
Action involving Seller which relates to the conduct of the CheckVision Business
prior to the Closing. Seller shall pay or reimburse Buyer for all reasonable
expenses incurred by such Acquired Employees, respectively, in connection
therewith, including, without limitation, expenses for travel, lodging and
meals.
8.4 Seller's Covenant Not to Compete. Seller hereby covenants to Buyer
--------------------------------
that Seller shall not, and shall cause each of its affiliates not to, prior to
the second anniversary of the Closing Date, engage in the business of making or
offering for sale check imaging applications or solutions in the commercial
banking and financial market (collectively, the "Prohibited Business");
provided, however, that this covenant shall not prohibit or restrict Seller or
any member of the Alysis, its subsidiaries or affiliates:
(a) from selling to the commercial banking and financial market its
WorkOut/(R) / products, included but not limited to, those products
that present electronic statements, xxxx and/or invoices over the
internet, which products may or may not have links to check imaging
application solutions;
(b) continuing in those lines of business, other than the Prohibited
Business, in which it is currently engaged; or
(c) making equity investments of less than five (5) percent in any person
or entity, whether or not such person or entity is engaged in the
Prohibited Business.
8.5 Responsibility. Except as otherwise provided in this Agreement:
--------------
(a) Seller shall be solely responsible for all liabilities and
obligations (other than the Assumed Liabilities) to the extent
arising out of, resulting from or relating to the operation of the
CheckVision Business prior to the Closing; and
(b) Buyer shall be solely responsible for the Assumed Liabilities and for
all liabilities and obligations to the extent arising out of,
resulting from or relating to the operation of the CheckVision
Business after the Closing.
8.6 Use of Names.
------------
(a) Seller shall not, and shall cause each of its affiliates not to, use
or employ in any manner the name "CheckVision", "CheckVision
Business", "REP", "LoanVision", "WorkVision" or "RemitVision" after
the Closing.
(b) Buyer shall be entitled to use or employ in any manner the name
"CheckVision", "CheckVision Business", "REP", "LoanVision",
"WorkVision" or "RemitVision" after the Closing.
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8.7 NCR Agreement.
-------------
(a) Buyer covenants that from the Closing Date until a date four (4)
years after the Closing Date it will use its reasonable best efforts
to maintain the NCR Agreement in full force and effect. Provided,
however, that if Buyer, during such four (4) year period, desires to
terminate the NCR Agreement, Buyer shall notify Seller in writing and
Seller shall have the option, exercisable by written notice within
thirty (30) days after receipt of Buyer's notice, to take assignment
of the NCR Agreement and administer such NCR Agreement in the manner
described herein (e.g. distribute the royalties in the percentage
described and maintain such agreement). If Buyer fails to exercise
such right to take assignment of the NCR Agreement, Seller may
terminate such agreement at its discretion. As long as the NCR
Agreement is in effect, (and provided that Seller has not taken such
agreement back as described above), Buyer shall manage and monitor
the NCR relationship, comply with all material provisions of the NCR
Agreement, and collect all royalties due thereunder.
(b) For a period ending four (4) years after the Closing Date, Buyer
covenants that it shall obtain Seller's approval prior to amending
any material provision of the NCR Agreement. Thereafter, Buyer will
consult with Seller prior to amending any material provisions of the
NCR Agreement.
(c) Buyer covenants that it shall provide Seller with a copy of each
royalty report due under the NCR Agreement and that it shall remit
Seller's seventy-five percent (75%), less the administrative charge
set forth in Section 2.11 within fifteen (15) days of receipt.
8.8 Retention Program. Seller shall have kept the stock option plan
-----------------
("Retention Plan") as described on Schedule 6.6 in existence from the Closing
Date until one (1) year after the Closing Date.
8.9 Notification of Change of Employment Status. To enable to Seller to
-------------------------------------------
administer the stock option plan describe in Schedule 6.6, Buyer shall notify
Seller of the termination of employment of any Acquired Employee.
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ARTICLE IX
EMPLOYEES
9.1 Employment of CheckVision Business Employees.
--------------------------------------------
(a) Buyer shall offer employment to the CheckVision Business employees
listed in Schedule 9.1(a) ("CheckVision Business Employees").
CheckVision Business Employees who are offered employment pursuant to
this Section shall be referred to as "Employee Offerees". CheckVision
Business Employees who accept this offer are referred to in this
Agreement as "Acquired Employees." With respect to any CheckVision
Business Employee who on the Closing Date is in a leave status,
including without limitation on medical, disability, industrial or
sick leave, such employee shall remain an employee of Seller until
the first day that such employee actually returns to work, with
physician's release or other appropriate documentation stating that
such employee may resume his or her prior work schedule, and upon
such return shall be eligible to accept Buyer's offer of employment,
effective that day, so long as such return date is within six (6)
months after the Closing Date. If such return date is not within such
period, then Buyer shall have no obligation to accept such employee
as an Acquired Employee hereunder.
(b) Except as otherwise specifically provided in this Article IX, Seller
shall remain responsible for all CheckVision Business Employee-
related liabilities as of the Closing and for all CheckVision
Business Employees other than the Acquired Employees.
(c) During the one-year period following the Closing Date, Seller shall
not, and shall cause each of its affiliates not to, without Buyer's
prior written consent, employ or solicit for employment any Employee
Offerees.
(d) During the six-month period following the Closing Date, Buyer shall
not, and shall cause each of its affiliates not to, without Seller's
prior written consent, employ or solicit for employment any of
Seller's employees (other than Acquired Employees) whose employment
with Seller has terminated within the preceding six (6) months.
(e) Seller will cooperate with Buyer in the administration of the
employment of Employee Offerees that are not U.S. citizens including
allowing such employees to remain in the employment of Seller or be
secunded to Seller with reimbursement of employment expenses for
employees with H1-B visa issues or other immigration issues.
9.2 Workers' Compensation. Seller shall bear the entire cost and expense
---------------------
of all workers' compensation, employer's liability or similar claims to the
extent arising out of injuries sustained by Acquired Employees on or before the
Closing. Buyer shall bear the entire cost and expense of all workers'
compensation, employer's liability or similar claims to the extent arising out
of injuries sustained by Acquired Employees after the Closing.
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9.3 Subsequent Termination and Layoffs.
----------------------------------
(a) In any termination or layoff by Buyer of any Acquired Employees after
the Closing, Buyer shall be responsible for compliance with the
Worker Adjustment and Retraining Notification Act of 1988, as
amended.
(b) Buyer shall be solely responsible for any severance expenses payable
to Acquired Employees as a result of any termination or layoff after
the Closing.
9.4 Employee Benefits.
-----------------
(a) Seller shall retain all liability and responsibility for benefits
under all pension, welfare, retirement, deferred compensation and
other employee benefit plans in which any Acquired Employee
participated prior to the Closing. No Acquired Employee shall be
eligible to make contributions to such plans with respect to
compensation earned on or after the Closing Date.
(b) With respect to each Acquired Employee, Buyer shall count any period
of employment with Seller for purposes of meeting the eligibility
requirement, but not for purposes of vesting or for benefit accrual,
under the defined benefit pension plan maintained by Buyer for which
the Acquired Employee otherwise meets applicable eligibility
requirements.
(c) As of the Closing Date and without any waiting period, Buyer shall
arrange for all Acquired Employees who were covered under Seller's
indemnity medical plan immediately prior to the Closing Date to be
eligible to enroll for benefits under Buyer's indemnity medical plan,
subject to eligibility provisions of that plan; provided, however,
that coverage under the Seller's plan will apply toward satisfaction
of the pre-existing condition limitations under Buyer's plan; and
provided, further, however, that any out of pocket and/or deductible
amounts paid in the 2000 calendar year by any Acquired Employee or
covered dependent(s) shall be applied toward any deductible required
by, or out-of-pocket limits that apply under, Buyer's medical plan
for the 2000 calendar year. For Acquired Employees or covered family
member(s) being treated for a health condition at the time of the
Closing, a copy of the certificate(s) of creditable coverage provided
to the Acquired Employee must be given to Buyer in order for Buyer to
determine the extent to which the pre-existing conditions limitations
have been satisfied.
(d) As of the Closing Date and without any waiting period, Buyer shall
arrange for all Acquired Employees who were covered under Seller's
indemnity dental plan immediately prior to the Closing Date to be
eligible to enroll for benefits under Buyer's indemnity dental plan,
subject to eligibility provisions of that plan; provided, however,
that coverage under the Seller's plan will apply toward satisfaction
of the pre-existing condition limitations under Buyer's plan; and
provided, further, however, that any Acquired Employee or covered
dependent(s) who have already commenced to receive orthodontic
benefits under Seller's dental plans on the Closing Date shall
receive the same orthodontic benefits from Buyer
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as would have been available under Seller's dental plan; and
provided, further, however, that any deductible amounts paid in the
2000 calendar year by any Acquired Employee or covered dependent(s)
shall be applied toward any deductible required by, or that applies
under, Buyer's dental plan for the 2000 calendar year. For Acquired
Employees or covered family member(s) being treated for a dental
condition at the time of the Closing, a copy of the certificate(s)
of creditable coverage provided to the Acquired Employee must be
given to Buyer in order for Buyer to determine the extent to which
the pre-existing conditions limitations have been satisfied.
(e) The Acquired Employees shall be eligible to participate in all of
Buyer's benefit plans that are normally and customarily offered to
newly-hired employees of Buyer, with the exceptions as called for in
this Section 8.4.
(f) Buyer shall count any period of employment with Seller for purposes
of meeting the vesting requirement under the applicable defined
contribution pension plan maintained by Buyer. Seller has determined
that the Acquired Employees who are participants in Seller's 401(k)
Plan are eligible to receive distributions therefrom pursuant to
Section 401(k)(10)(A)(ii) of the Code.
(g) As of the Closing Date and without any waiting period, Buyer shall
arrange for all Acquired Employees who were covered under Seller's
long-term disability plan immediately prior to the Closing Date to
be eligible to enroll for benefits under Buyer's long-term
disability plan, subject to the eligibility provisions of that plan;
provided, however, that coverage under Seller's plan will apply
toward satisfaction of the pre-existing condition limitations under
Buyer's plan.
9.5 Vacation, Holiday and Bonus Accruals. As of the Closing, Buyer shall
------------------------------------
be responsible for the obligations of Seller to the Acquired Employees for all
vacation, holiday and bonus obligations, if any, of Seller accrued through the
Closing and reflected on the CheckVision Business Closing Balance Sheet and for
sick leave matters as reflected in Section 2.7(e).
ARTICLE X
INDEMNIFICATION
10.1 Indemnification of Buyer. Subject to the limitation set forth in
------------------------
Section 10.4 hereof, Seller (in such capacity, the "Indemnifying Party") shall
indemnify, defend and hold harmless Buyer and each of its affiliates, and each
of its respective directors, officers, employees, agents and representatives
(each of which is, in such capacity, an "Indemnified Party"), against and in
respect of any and all claims, demands, actions, losses, costs, expenses,
obligations, liabilities, damages, recoveries and deficiencies, including
interest, penalties, amounts paid in settlement, reasonable attorneys' fees,
costs of investigation and remediation, costs of investigative, judicial or
administrative proceedings or appeals therefrom, and costs of attachment or
similar bonds (collectively, "Losses") asserted against, imposed upon or
incurred by the Indemnified Party, that arise out of, result from or relate to:
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(a) any breach by Seller of any representation, warranty, covenant,
obligation or undertaking in this Agreement, including any schedule
or exhibit hereto or any certificate or affidavit delivered pursuant
hereto;
(b) any liabilities or obligations (other than the Assumed Liabilities)
to the extent arising out of, resulting from or relating to the
operation of the CheckVision Business prior to the Closing;
(c) the Excluded Liabilities;
(d) the failure of Buyer to collect the accounts receivable reflected on
the CheckVision Business Closing Balance Sheet, within two hundred
(240) days after the due date of such accounts receivable, at their
full amount less any reserves for doubtful accounts reflected on the
Closing Balance Sheets, as finally determined, provided, however,
that if Buyer shall collect any amounts with respect to such
accounts receivable after having made a claim hereunder and having
received payment therefor from Seller, then Buyer shall immediately
remit such amounts to Seller;
(e) except with respect to accounts receivable (which are covered under
clause (d) above), the failure of the CheckVision Business Closing
Balance Sheet fairly to present the book values of the Acquired
Assets and Assumed Liabilities, determined in accordance with
Section 2.8 hereof, (for example, the failure to include an account
payable, or the inclusion of an asset that was not transferred; or
(f) (i) any Tax payable by Seller or any of its affiliates,
(ii) any deficiencies in any Tax payable by or on behalf of Seller
or any of its affiliates, or by Buyer in respect of the
CheckVision Business, in each case with respect to any period
ending on or prior to the Closing, and
(iii) a pro rata share of any other Taxes that may be payable by
Buyer with respect to the operation of the CheckVision
Business or the Ownership of the Acquired Assets (other than
Buyer's income or franchise taxes) for periods commencing
prior to and ending after the Closing Date (whether or not
assessed prior to the Closing Date).
10.2 Indemnification of Seller. Subject to the limitation set forth in
-------------------------
Section 10.4 hereof, Buyer (in such capacity, the "Indemnifying Party") shall
indemnify, defend and hold harmless Seller and each of its affiliates, and each
of their respective directors, officers, employees, agents and representatives
(each of which is, in such capacity, an "Indemnified Party"), against and in
respect of any and all Losses asserted against, imposed upon or incurred by the
Indemnified Party, that arise out of, result from or relate to:
(a) any breach by Buyer of any representation, warranty, covenant,
obligation or undertaking in this Agreement, including any schedule
or exhibit hereto or any certificate or affidavit delivered pursuant
hereto;
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(b) any liabilities or obligations to the extent arising out of,
resulting from or relating to the operation of the CheckVision
Business after the Closing;
(c) the Assumed Liabilities; or
(d) (i) a pro rata share of any Taxes that may be payable by Seller
with respect to the operation of the CheckVision Business or the
ownership of the Acquired Assets (other than Seller's income or
franchise taxes) for periods commencing prior to and ending after
the Closing Date (whether or not assessed prior to the Closing
Date), or
(ii) any transfer, sale, stamp, use or any other taxes which may
result from the transfer of the Acquired Assets from Seller to
Buyer.
10.3 Claims. The Indemnified Party shall provide reasonable notice to
------
the Indemnifying Party of the existence of any claim, demand or other matter to
which the Indemnifying Party's indemnification obligations would apply, and
shall give it a reasonable opportunity to defend the same at its own expense and
with counsel of its own selection, provided that the Indemnified Party shall at
all times also have the right to fully participate in the defense at its own
expense. If the Indemnifying Party shall, within a reasonable time after this
notice, fail to defend, the Indemnified Party shall have the right, but not the
obligation, to undertake the defense of, and to compromise or settle, the claim
or other matter on behalf, for the account, and at the risk, of the Indemnifying
Party. If the claim is one that cannot by its nature be defended solely by the
Indemnifying Party then the Indemnified Party shall make available all
information and assistance that the Indemnifying Party may reasonably request.
10.4 Limitation Periods. Except as otherwise provided in this Agreement,
------------------
no Action or claim for Losses pursuant to this Article X (an "Indemnity Claim")
may be brought or made unless such Indemnity Claim has been specified in
reasonable detail in a written notice delivered to the Indemnifying Party:
(a) within one (1) year after the Closing Date for all Indemnity Claims
based on Section 10.1(d) (Accounts Receivable); and
(b) within three (3) years after the Closing Date for all other
Indemnity Claims; except that no limitation period shall apply to Indemnity
Claims based on:
(x) Sections 10.1(f) or 10.2(d) (Taxes); or
(y) breach of the representations, warranties or covenants in
Sections 3.2(d) or 3.3(d) (Tax Returns and Audits), Sections 3.2(i)
or 3.3(i) (Title to Acquired Assets), or Sections 3.2(r) or 3.3(r)
(Environmental Matters).
10.5 Maximum Liability. The maximum aggregate liability of Seller
-----------------
pursuant to this Article X, and the maximum aggregate liability of
Buyer pursuant to this Article X, determined as the aggregate amount
of all amounts paid or payable with
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respect to Indemnity Claims, shall be limited to the Purchase Price
(the "Maximum Liability").
10.6 Indemnity Claims Baskets.
------------------------
(a) Indemnification of Buyer. Excluding Seller's obligation under
------------------------
Sections 10.1(d) and 10.1 (f), the Seller's obligation to indemnify
the Buyer for any Indemnity Claims pursuant to Section 10.1 for a
breach of representation, warranty or covenant shall not be effective
until, and then only to the extent that, the aggregate amount of all
such Indemnity Claims for which the Seller is liable to the Buyer
under Section 10.2 exceeds fifteen thousand dollars ($15,000) (the
"Deductible Amount"). The Buyer shall be entitled to indemnification
for the total amount of Indemnity Claims suffered by it in excess of
the Deductible Amount, subject to Section 10.5.
(b) Indemnification of Seller. The Buyer's obligation to indemnify the
-------------------------
Seller for any Indemnity Claims pursuant to Section 10.2 for a breach
of representation or warranty shall not be effective until, and then
only to the extent that, the aggregate amount of all such Indemnity
Claims for which the Buyer is liable to the Seller under Section 10.2
exceeds the Deductible Amount. The Seller shall be entitled to
indemnification for the total amount of Indemnity Claims suffered by
it in excess of the Deductible Amount, up to an amount equal to the
Purchase Price.
ARTICLE XI
----------
MISCELLANEOUS
11.1 Amendment. This Agreement may be amended at any time, but only by
---------
written instrument executed by an officer of each of the parties.
11.2 Waiver. Any party may at any time waive compliance by any other
------
party with any covenants or conditions contained in this Agreement but only by
written instrument executed by an officer of the party waiving such compliance.
No such waiver, however, shall be deemed to constitute the waiver of any such
covenant or condition in any other circumstance or the waiver of any other
covenant or condition.
11.3 Assignment. This Agreement shall not be assignable by any party
----------
hereto without the prior written consent of each other party, which consent
shall not be unreasonably withheld. All of the terms of this Agreement shall be
binding upon and inure to the benefit of and be enforceable by the parties and
their respective successors and assigns. Nothing herein shall be deemed to
confer any benefit upon any third party.
11.4 Expenses. Seller and Buyer shall each be responsible for and shall
--------
each pay all of its own legal, accounting and other transactional fees and
expenses incurred in the negotiation and preparation of this Agreement. If this
Agreement is terminated for any reason whatsoever, Seller and Buyer shall each
bear its respective legal, accounting and other expenses.
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11.5 Notices. All notices and other communications hereunder shall be in
-------
writing and shall be delivered or mailed by registered or certified first class
mail, postage prepaid, addressed to a party hereto (with a copy to such party's
counsel) at the respective addresses set forth below:
If to Buyer, to: Computer Sciences Corporation
0000 Xxxx Xxxxx Xxxxxx
Xx Xxxxxxx, Xxxxxxxxxx 00000
Attn: Vice President, Corporate Development
with a required copy to: Computer Sciences Corporation
0000 Xxxx Xxxxx Xxxxxx
Xx Xxxxxxx, Xxxxxxxxxx 00000
Attn: Vice President, General Counsel
and Secretary
If to Seller, to: Alysis Technologies, Inc.
0000 Xxxxxx Xxxxxx, Xxxxx 000
Xxxxxxxxxx, Xxxxxxxxxx 00000
Attn: President
with a required copy to: Alysis Technologies, Inc.
0000 Xxxxxx Xxxxxx, Xxxxx 000
Xxxxxxxxxx, Xxxxxxxxxx 00000
Attn: Vice President and General Counsel
Any notice so given shall be conclusively deemed to have been given and
received and to be effective when so personally delivered or three (3) days
after having been delivered to an overnight courier.
11.6 Taxes. Buyer shall be responsible for any transfer, sale, stamp,
-----
use or any other taxes which may result from the transfer of the Acquired Assets
from Seller to Buyer.
11.7 Publicity. All notices to third parties and all other publicity
---------
concerning the subject matter of this Agreement shall be jointly planned and
coordinated by and between Seller and Buyer with the exception of those required
public disclosures.
11.8 Interpretation. The titles of the Articles, sections and Schedules
--------------
of this Agreement have been included herein for the convenience of reference
only and shall not be deemed to affect the meaning of the operative provisions
of this Agreement. Where a statement contained in this Agreement is said to be
to the "knowledge" of a designated party or parties, such expression means and
is limited to the actual knowledge of management employees of the designated
party or parties.
11.9 Severability. In case any one or more of the provisions of this
------------
Agreement shall for any reason be held to be invalid, illegal or unenforceable
in any respect, such invalidity, illegality or unenforceability shall not affect
any other provisions of this Agreement, but this
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Agreement shall be construed as if such invalid, illegal or unenforceable
provisions had never been contained herein.
11.10 Further Assurances. Subject to the terms and conditions of this
------------------
Agreement, each of the parties hereto shall use all reasonable efforts to cause
the transactions contemplated hereby to occur with all reasonable dispatch, and
no party shall undertake any course of action inconsistent with such intended
result.
11.11 Choice of Law. This Agreement shall be construed and enforced in
-------------
accordance with and governed by the laws of the State of California.
11.12 Entire Agreement. This Agreement supersedes all prior agreements
----------------
and understandings relating to the subject matter hereof. This Agreement
constitutes the entire agreement between the parties, and there are no other
agreements or commitments except as set forth herein.
11.13 Counterparts. This Agreement may be executed simultaneously in
------------
several counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same instrument.
11.14 Time. Time shall be of the essence in this Agreement.
----
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed as of the day and year first above written.
ALYSIS TECHNOLOGIES, INC.
By /s/ Xxxxx X. Xxxxxxxx
---------------------------
Name:
Title:
COMPUTER SCIENCES CORPORATION
By ___________________________
Name:
Title:
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Agreement shall be construed as if such invalid, illegal or unenforceable
provisions had never been contained herein.
11.10 Further Assurances. Subject to the terms and conditions of this
------------------
Agreement, each of the parties hereto shall use all reasonable efforts to cause
the transactions contemplated hereby to occur with all reasonable dispatch, and
no party shall undertake any course of action inconsistent with such intended
result.
11.11 Choice of Law. This Agreement shall be construed and enforced in
-------------
accordance with and governed by the laws of the State of California.
11.12 Entire Agreement. This Agreement supersedes all prior agreements
----------------
and understandings relating to the subject matter hereof. This Agreement
constitutes the entire agreement between the parties, and there are no other
agreements or commitments except as set forth herein.
11.13 Counterparts. This Agreement may be executed simultaneously in
------------
several counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same instrument.
11.14 Time. Time shall be of the essence in this Agreement.
----
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed as of the day and year first above written.
ALYSIS TECHNOLOGIES, INC.
By /s/ Xxxxx X. Xxxxxxxx
-------------------------
Name: Xxxxx X. Xxxxxxxx
Title: Vice President and CFO
COMPUTER SCIENCES CORPORATION
By /s/ Xxxx X. Xxxxxx
-------------------------
Name: Xxxx X. Xxxxxx
Title: Vice President, Corporate Development
CONFIDENTIAL
COMPUTER SCIENCES CORPORATION
Page 35 of 34
LIST OF SCHEDULES
The following is a list of Schedules attached hereto and made a part
hereof. The titles of the Schedules are for reference convenience only and the
specific provision of the Agreement should be reviewed to determine the proper
contents of such Schedules.
-------------------------------------------------------------------------------
Schedule Number Schedule Title
-------------------------------------------------------------------------------
Schedule 1.1(lll) WorkVision Software License
-------------------------------------------------------------------------------
Schedule 2.2(b) Owned Software
-------------------------------------------------------------------------------
Schedule 2.2(c) Acquired Patents, Copyrights and Trademarks
-------------------------------------------------------------------------------
Schedule 2.2(d) Acquired Trade Secrets
-------------------------------------------------------------------------------
Schedule 2.2(e) Seller's Other Intellectual Property
-------------------------------------------------------------------------------
Schedule 2.2(f) Contracts
-------------------------------------------------------------------------------
Schedule 2.2(f)(i) Owned Tangible Personal Property Leases
-------------------------------------------------------------------------------
Schedule 2.2(f)(ii) Third Party Tangible Personal Property Leases
-------------------------------------------------------------------------------
Schedule 2.2(f)(iii) Owned Software Licenses
-------------------------------------------------------------------------------
Schedule 2.2(f)(iv) Third Party Software Licenses
-------------------------------------------------------------------------------
Schedule 2.2(f)(v) Patent and Copyright Licenses
-------------------------------------------------------------------------------
Schedule 2.2(f)(vi) Other Intellectual Property Licenses
-------------------------------------------------------------------------------
Schedule 2.2(f)(vii) Customer Agreements
-------------------------------------------------------------------------------
Schedule 2.2(f)(viii) Third Party Service Agreements
-------------------------------------------------------------------------------
Schedule 2.2(f)(ix) Real Property Leases
-------------------------------------------------------------------------------
Schedule 2.2(f)(x) Other Agreements
-------------------------------------------------------------------------------
Schedule 2.2(g) Contract Proposals
-------------------------------------------------------------------------------
Schedule 2.3 Shared Assets
-------------------------------------------------------------------------------
Schedule 2.6 Allocation of Purchase Price
-------------------------------------------------------------------------------
Schedule 3.2(a)(i) CheckVision Business Balance Sheet
-------------------------------------------------------------------------------
Schedule 3.2(a)(ii) CheckVision Business Adjusted Balance Sheet
-------------------------------------------------------------------------------
Schedule 3.2(c) Specified Changes
-------------------------------------------------------------------------------
Schedule 3.2(d) Exceptions to Tax Returns and Audits
-------------------------------------------------------------------------------
Schedule 3.2(e) Owned Tangible Personal Property
-------------------------------------------------------------------------------
Schedule 3.2(f) Accounts Receivable as of June 30, 2000, Aged
-------------------------------------------------------------------------------
Schedule 3.2(g) Intellectual Property Exceptions
-------------------------------------------------------------------------------
Schedule 3.2(i) Acquired Assets Title Exceptions
-------------------------------------------------------------------------------
Schedule 3.2(k) Current List of Customers and Suppliers with Sales and
Purchases During Last Fiscal Year
-------------------------------------------------------------------------------
Schedule 3.2(l) Agreements, Plans and Arrangements Relating to
Acquired CheckVision Business Employees
-------------------------------------------------------------------------------
Schedule 3.2(m) Contract Exceptions
-------------------------------------------------------------------------------
Schedule 3.2(o) Actions
-------------------------------------------------------------------------------
Schedule 3.2(p) Interest In Other Companies
-------------------------------------------------------------------------------
Schedule 3.2(q) Bank Accounts
-------------------------------------------------------------------------------
CONFIDENTIAL
COMPUTER SCIENCES CORPORATION
36
-------------------------------------------------------------------------------
Schedule 3.2(r) Environmental Matters
-------------------------------------------------------------------------------
Schedule 3.2(s) Insurance Policies
-------------------------------------------------------------------------------
Schedule 3.2(t) Powers of Attorney
-------------------------------------------------------------------------------
Schedule 3.2(u) Government Licenses
-------------------------------------------------------------------------------
Schedule 3.2(w) Infrastructure
-------------------------------------------------------------------------------
Schedule 4.5 Required Consents
-------------------------------------------------------------------------------
Schedule 5.6 Retention Plan
-------------------------------------------------------------------------------
Schedule 9.1(a) Employee Offerees
-------------------------------------------------------------------------------
CONFIDENTIAL
COMPUTER SCIENCES CORPORATION
37
SCHEDULES
Schedule 1.1(lll)
WorkVision Software License Terms
The license granted to Buyer to the WorkVision software shall be a source and
object code license together with all relevant documentation on whatever media.
The license shall be perpetual, irrevocable and transferrable in connection with
the sale by Buyer of a material part of the CheckVision business. Buyer may
modify the WorkVision software and prepare derivative works of such software.
Such modifications and derivative works shall be the exclusive property of
Buyer. Except as described in this Schedule, the license granted hereunder shall
be unrestricted.
Schedule 2.2(b)
Owned Software
The following software, exclusive of the third party software listed on Schedule
2.2(f)(iv) is owned by Seller.
CheckVision
REP
RemitVision
WorkVision/1/
______________________________
/1/ Only the license in Section 1.1(lll) is being sold under this Agreement.
Schedule 2.2(c)
Acquired Patents, Copyrights and Trademarks
Trademark CHECKVISION Reg. No. 1,886,558 Registered Mar. 28, 1995
Trademark CHECKVISION INQUIRY Reg. No. 2,056,149 Registered Apr. 22, 1997
Trademark REMITVISION Reg. No. 2,056,148 Registered Apr. 22, 1997
Trademark WORKVISION Reg. No. 2,091,647 Registered Aug. 26, 1997
Trademark WORKHORSE Reg. No. 2,091,645 Registered Aug. 26, 1997
Trademark WORKSTORE Reg. No. 2,091,646 Registered Aug. 26, 1997
Schedule 2.2(d)
Acquired Trade Secrets
None other than those included in software listed in Schedule 2.2(b).
Schedule 2.2(e)
Seller's Other Intellectual Property
None
Schedule 2.2(f)
Contracts
Schedule 2.2(f)(i)
Owned Tangible Personal Property Leases
Seller does not own personal property that it has leased to any third party.
Schedule 2.2(f)(ii)
Third Party Tangible Personal Property Leases
Fixed Assets - Leased
------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION SERIAL NUMBER LOCATION ROOM# Lease # CV Monthly Cost Expires
------------------------------------------------------------------------------------------------------------------------------------
1199903-0001LT XXXXXXXX-HOME-OUTSIDE HOME 20 y
------------------------------------------------------------------------------------------------------------------------------------
1196493-0007DT XXXXXXXXXX 505.1 20 y
------------------------------------------------------------------------------------------------------------------------------------
1199903-0008LT XXXXXXX 510.3 20 y
------------------------------------------------------------------------------------------------------------------------------------
1199902-0001 EMTY CUBE 520.1 20 y
------------------------------------------------------------------------------------------------------------------------------------
8097L1104825 XXXXX-VIKRAM 514.8 20 y
------------------------------------------------------------------------------------------------------------------------------------
8217L1101138 XXXXX-VIKRAM 514.8 20 y
------------------------------------------------------------------------------------------------------------------------------------
1196493-0004 XXXXX-VIKRAM 514.8 20 y
------------------------------------------------------------------------------------------------------------------------------------
1196493-0005 XXXXX-VIKRAM 514.8 20 y
------------------------------------------------------------------------------------------------------------------------------------
1191933-0010 XXXXX-VIKRAM 514.8 20 y
------------------------------------------------------------------------------------------------------------------------------------
1199902-0003 XXXXX 503.4 20 y
------------------------------------------------------------------------------------------------------------------------------------
8087L1102413 GLIMME 532.2 20 y
------------------------------------------------------------------------------------------------------------------------------------
1191933-0004 GLIMME 532.2 20 y
------------------------------------------------------------------------------------------------------------------------------------
8097L1104001 XXXXX, P. 519.3 20 y
------------------------------------------------------------------------------------------------------------------------------------
1191933-0008DT XXXXX, P. 519.3 20 y
------------------------------------------------------------------------------------------------------------------------------------
8097L110399 XXXXXX 514.5 20 y
------------------------------------------------------------------------------------------------------------------------------------
1196493-0006 XXXXXX 514.5 20 y
------------------------------------------------------------------------------------------------------------------------------------
8097L1104828 XXXXXXXXX-XXXXXX 514.3 20 y
------------------------------------------------------------------------------------------------------------------------------------
1199902-0005 XXXXXXXXX-XXXXXX 514.3 20 y
------------------------------------------------------------------------------------------------------------------------------------
750L1100528 XXXXXXXXXXX 536.3 20 y
------------------------------------------------------------------------------------------------------------------------------------
8097L1104006 XXXXXXXXXXX 536.3 20 y
------------------------------------------------------------------------------------------------------------------------------------
1199902-0002 XXXXXXXXXXX 536.3 20 y
------------------------------------------------------------------------------------------------------------------------------------
1199902-0004 XXXXXXXXXXX 536.3 20 y
------------------------------------------------------------------------------------------------------------------------------------
199903-0002LT WOON 531.1 20 y
------------------------------------------------------------------------------------------------------------------------------------
1191933-0002 TAM 529.1 20 y
------------------------------------------------------------------------------------------------------------------------------------
8097L1104002 ZHU 528.5 20 y
------------------------------------------------------------------------------------------------------------------------------------
1196493-0003 ZHU 528.5 20 y $2,225.08 April 1, 2001
------------------------------------------------------------------------------------------------------------------------------------
1288070-0003LT CHIOMA 521.5 30 y
------------------------------------------------------------------------------------------------------------------------------------
1288006-0009 XXXXXXX 536.5 30 y
------------------------------------------------------------------------------------------------------------------------------------
1288070-0001LT XXXXXX 118.5 30 y
------------------------------------------------------------------------------------------------------------------------------------
8097L11048277 XXXXXX 514.5 30 y
------------------------------------------------------------------------------------------------------------------------------------
1288006-0006 XXXXXX 514.5 30 y
------------------------------------------------------------------------------------------------------------------------------------
8097L1104005 TAM 532.1 30 y
------------------------------------------------------------------------------------------------------------------------------------
1288070-0007LT TAM CARRY 30 y $ 663.49 July 1, 2001
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Note 1: The ????? have a FMV purchase option at the end of the lease
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
Schedule 2.2(f)(iii)
Owned Software Licenses
Seller, in the normal course of its business, licenses its Owned Software to
third parties. The licenses acquired under this Agreement are set forth in
Schedule 2.2(f)(vii).
Schedule 2.2(f)(iv)
Third Party Software Licenses
To the best of Seller's knowledge, the software listed herein are the third
party software licenses necessary for use in the development and implementation
and support of the Owned Software for the contracts listed in Section
2.2(f)(vii). As agreed, the licenses, to the extent possible, will be
transferred to Buyer. Where the license was not transferable, they shall be
deemed to be included in the term "Excluded Assets".
Excluded Assets fall into two (2) categories:
1. Customer provided software
2. Software to be procured by Seller (some of which includes freeware)
------------------------------------------------------------------------------------------------------------------
Software - to be transferred from Seller to Buyer
------------------------------------------------------------------------------------------------------------------
Prod Application CV Manufacturer Version Platform Purpose
------------------------------------------------------------------------------------------------------------------
CV/REP2,3 transfer ImageGear - Java 4,5 AccuSoft 6.0 Win 31/95 Imaging
CV transfer ImageGear - OCX 6,7 AccuSoft 98 Win 95/NT Imaging
CV I transfer Acrobat 4,5,6,7 Adobe * Win X Documentation
CV I transfer FrameMaker * Adobe 3.1.X UNIX Documentation
CV/REP2,3/WV transfer FrameMaker * Adobe 5.5.6 NT Documentation
CV I transfer RoboHelp 4,5,6,7 Blue Sky * Win X Documentation
REP 2.0/WV transfer Chameleon NFS/X 6.0 Chameleon 6.0 Win 31/95/98 Networking
CV I transfer Cset++ 4,5,6 IBM 2.1 OS/2 Compiler
CV I transfer IOCA/ABIC Lib 4,5,6,7 IBM * PC Conversion
CV transfer OS/2 Warp 4,5,6 IBM 4.0 OS/2 7780
REP 2.0/WV transfer C-ISAM Informix 5.0.1 Solaris DBMS
CV transfer InstallShield 4,5 InstallShield 5.0 Win 31/95 Deploy
REP 3.0 transfer InstallShield InstallShield 5.1 Win 95/98/NT Deploy
CV transfer InstallShield 6,7 InstallShield 5.5 Pro Win NT Deploy
CV I transfer InstallShield Java 7 InstallShield 3.0 Win NT Deploy
REP 2.0 transfer Java Developer Kit JavaSoft 1.1.5 Any Compile/Run
REP 3.0 transfer Java Developer Kit JavaSoft 1.1.7A Any Compile/Run
CV transfer Java Developer Kit 6,7 JavaSoft 1.2.2_005 Any Compile/Run
REP 2.0 transfer Kofax 2.0 Gold Image Kofax 2.0 Win 31/95/98 Imaging
Controls
REP 3.0 transfer Kofax 2.0 Gold Image Kofax 2.00.18 Win 95/98/NT Imaging
Controls
REP 2.0/WV transfer Access Microsoft 2.0 Win 31/95/98 Database
CV I transfer Access 5,6,7 Microsoft Win 95/NT Database
CV transfer C 4,5,6 Microsoft * OS/2 Compiler
CV I transfer FrontPage 6,7 Microsoft * Win 95/NT Documentation
WV transfer MSDN Microsoft Win 95/NT/98 Code development
REP 2.0 / WV transfer ODBC Microsoft 2.0 Win 31 DB connection
CV/REP/WV transfer Office Suite Microsoft Pro Win NT Software
CV/REP/WV transfer Project Microsoft Pro Win NT Software
REP 2.0/3.0/WV transfer VC++ Microsoft 5.0/60 Win 95/NT/98 Compile/debug
CV/REP 2.0/WV transfer Visual Basic 6,7 Microsoft 6.0 Win NT Compiler
CV transfer Visual C++ 4,5 Microsoft 1.52 Win 31/95 Compiler
CV transfer Visual C++ 6,7 Microsoft 5.0 Win 95/NT Compiler
REP 2.0/3.0 transfer Visual Source Safe Microsoft 5.0 Win NT Repository
CV transfer Visual Source Safe 6,7 Microsoft 6.0 Win NT Repository
CV transfer Visual Studio 7 Microsoft 6.0 Win 00/XX Xxxxxxx/xxxxx
XX transfer Visual Studio 6,7 Microsoft 97 Win 95/NT Compile/debug
CV I transfer Windows * Microsoft * Win X O/S
REP 2.0/3 transfer Windows 95/98 Microsoft 95/98 Windows 95/98 O/S
REP 2.0/WV transfer Windows for Microsoft 3.11 Win 31 O/S
WorkGroups
REP2/REP3/WV transfer Windwos NT Microsoft 4.0 Windows NT O/S
REP 2.0 transfer IIS Personal Web Mocrosoft 4.0 Win NT Web access
Sever
WV transfer Purify National 4.0.1 Unix
REP 2.0 transfer 7731 Dlls NCR 1.0 Win 31 Imaging
REP 3.0 transfer 7731 Dlls NCR Win 95/98/NT Imaging
CV transfer EIPS 4,5,6 NCR 1.11 OS/2 7780
CV transfer MP-RAS * NCR 4.0.3 NCR O/S
CV transfer iPlanet 7 Netscape 4.0sp3/sp4 Solaris Web server
CV I transfer ServletExec 7 New Atlanta 2.2 Solaris Web Server
CV I transfer NetManage SDK 4,5 Novell 4.0 Win 31/95 Networking
CV I transfer NetManage SDK 5,6,7 Novell 5.0 Win 95/NT Networking
REP 2.0/WV transfer Bounds Checker NuMega 5.0 Win 31/95/98
CV/REP2/WV transfer Motif OFS 1.2.4 UNIX GUI
CV/REP2/WV transfer X-windows OFS X11R5 UNIX GUI
CV transfer LibFTP * Xxxx Xxxx 1.0 UNIX File Transdfer
CV D transfer Oracle Maintenance 4,5,6,7 Oracle * UNIX Maintenance
CV transfer Aspect 4 Procomm 2,3,4,5 Win 31/95 Modem
CV transfer Purify 6,7 Pure Software * Solaris Debugger
CV transfer Purify 6,7 Pure Software 6.0 Win NT Debugger
CV transfer WinZip 6,7 Pure Software 6.3 sr1 Win 95/NT Compressor
CV / REP2 transfer PerfectImage 4,5,6,7 Rimage 1.1J UNIX CDROM label
CV I transfer Class Library 6,7 Rogue Wave * UNIX Archive
REP 2.0/WV transfer Tools.h++ Rogue Wave 6.1 Solaris C++ library
CV transfer LibTIFF * Xxx Xxxxxxx, 3.4beta035 UNIX Imaging
SGI
CV/REP2,3 Runtime support
CV Runtime support for Inquiry 7.0, APP 1.0, EIP 1.0
CV I Alysis Seats. Creates Manuals in PDF
CV I Alysis seats. Used to write and deploy Internet Inquiry; we should upgrade
CV/REP2,3/WV Used to write & deploy CV manuals
CV I Alysis Seats.Creates Help files
REP 2.0/WV Develop/runtime support for PC workstations
CV I Alysis seats. Obsolete, no longer available.
CV I Alysis Site, Customer Seats
CV
REP 2.0/WV
CV Use this to deploy PC appson Win95
REP 3.0 Application Deployment
CV Use this to deploy PC apps on Windows NT
CV I Use this to deploy the Internet Inquiry 7.1 Application (phase2)
REP 2.0 Java code development
REP 3.0 Java code development
CV Used to develop Java code
REP 2.0 Develop/runtime support for PC workstations Controls
REP 3.0 Develop/runtime support for PC workstations
REP 2.0/WV WV configuation database
CV I Alysis seats, customer seats. Runtime support for APP 1.0
CV Obsolete, no longer available.
CV I Alysis Seats. Creates Help files
WV
REP 2.0 / WV
CV/REP/WV Per transferred PC (Word, Excel, Powerpoint)
CV/REP/WV 5 licenses for project management
REP 2.0/3.0/WV Windows code development
CV/REP 2.0/WV Used to create Inquiry 7.0, APP 1.0, EIP 7.0
CV Used to create Inquiry4.x/5.x, PosPay 1.x,
CV Used to create Inquiry 7.0, APP 1.0, EIP 7.0
REP 2.0/3.0 Source code management
CV Used to store source and for version control in PC environment
CV Used to create Inquiry 7.0, APP 1.0, EIP 7.0
CV Used to create Inquiry 7.0, APP 1.0, EIP 7.0
CV I Alysis seats, customer seats.
REP 2.0/3 with Y2K patch
REP 2.0/WV with Y2K patch
REP2/REP3/WV with service pack 5
REP 2.0
WV Code development
REP 2.0 Develop/runtime support for PC workstations
REP 3.0 Develop/runtime support for PC workstations
CV Obsolete, must be upgraded by NCR to v3
CV Runs CheckVision on NCR servers
CV Used to manage Web sessions on the Web server hosts
CV I Alysis seats, customer seats. Used to run servlets on the Web Server hosts
CV I Develop/runtime support for Inquiry 4.x, 5.x,
CV I Develop/runtime support for Inquiry 7.0, APP
REP 2.0/WV Code development
CV/REP2/WV
CV/REP2/WV We have a developer license for this at Alysis
CV Freeware
CV D Alysis has a Maintenance Agreement
CV Runtime LAN/ISDN support for PosPay 1.x
CV Used to cleanup code
CV Used to cleanup code
CV Used to package code
CV / REP2 May be bundled in with MakeDisc
CV I Alysis seats, customer seats.
REP 2.0/WV C++ fundation classes / Embeded in the FileStore
CV Freeware
CV I transfer Crystal report 6,7 Seagate * UNIX Archive
CV I transfer ACSLS 6,7 StorageTek * UNIX Archive
CV I transfer ASM 6,7 StorageTek * UNIX Archive
REP 3.0 transfer Java Web Sever Sun 1.1 Unix Web access
REP 2.0 transfer Solaris Sun 2.5.1 UNIX O/S
WV transfer Solaris 4,5 Sun 2.5.1/2.6/2.UNIX O/S
CV transfer Solaris 6,7 Sun 2.6, 2.7 UNIX O/S
CV D transfer Sun Maintenance 4,5,6,7 SunSoft * UNIX Maintenance
REP 3.0 transfer First Impression Sybase 5.x Win 95/98/NT Imaging
REP 2.0 transfer Formula One Sybase 5.x Win 31/95/98 Imaging
REP 3.0 transfer Formula One Sybase 5.x Win 95/98/NT Imaging
REP 2.0 transfer Sybase Sybase 11.0.2 Solaris RDBMS
REP 2.0 transfer Sybase for Windows Sybase 10.0 Win 31/95/98
REP 2.0 transfer Sybase for Windows 95 Sybase 95 Win 31/95/98
REP 2.0 transfer Sybase system 10 ODBC Sybase Win 31/95/98
REP 3.0 transfer Visual Cafe Symantec 2.5 Win 95/98/NT Compile/debug
CV I transfer Visual Cafe Pro 7 Symantec 3.0c Win NT Compile/debug
CV D transfer mySQL 7 TcX DataKonsult 3.22.32 UNIX RDBMS
CV transfer LibJPEG * Xxx Xxxx, IJG 6a UNIX Imaging
REP 3.0 transfer VisiBroker VisiGenic 3.2 Win 95/98/NT Middlewire
REP 2.0 transfer Visual Developers Suite Deal Visual Tools 95 Win 31/95/98 Imaging
CV I transfer MakeDisc 4,5,6,7 Young Minds 1.20B UNIX CDROM runtime
CV I transfer InstallAnywhere 7 Enterprise Win NT Deploy
CV I transfer InstallShield 4,5 5.0 Win 31/95 Deploy
CV I transfer InstallShield 6,7 5.5 Pro Win NT Deploy
CV D transfer X-windows X11R5 UNIX Graphics
CV I Alysis seats, customer seats.
CV I Alysis seats, customer seats.
CV I Alysis seats, customer seats.
REP 3.0
REP 2.0 Runs REP 2.0 Server
WV Runs WV Server / Runs CheckVision
CV Runs CheckVision
CV D Alysis has a Maintenance Agreement
REP 3.0 Develop/runtime support for PC workstations
REP 2.0 Develop/runtime support for PC workstations
REP 3.0 Develop/runtime support for PC workstations
REP 2.0
REP 2.0 Dabase connection
REP 2.0 Dabase connection
REP 2.0 Dabase connection
REP 3.0 Code development
CV I Alysis seats. Used to create Java programs (Internet Inquiry, SecurityWS, etc)
CV D Alysis site, customer seats. Used for the authentication database; we owe them a license fee
CV Freeware
REP 3.0 Code development
REP 2.0 Develop/runtime support for PC workstations
CV I Alysis seats.
CV I Alysis seats. Use this to deploy the Internet Inquiry 7.1 Application (phase2)
CV I Alysis seats. Use this to deploy PC apps on Win95
CV I Alysis seats. Use this to deploy PC apps on Windows NT
CV D We have a developer license for this at Alysis
------------------------------------------------------------------------------------------------------------------------------------
Software - to be transferred from Seller to Buyer
------------------------------------------------------------------------------------------------------------------------------------
Prod Application CV Manufacturer Version Platform Purpose
---------------------------------------------------------------------------------------------------------
CV customer ImageGear Java 7 AccuSoft Any Imaging
CV customer FrameMaker * Adobe 3.1.X UNIX Documentation
CV customer NFS X-Windows 4 Chameleon * X emulation
CV customer CommLib 4,5 XxxxxXxxx 4.0 Win 31/95 Modem
CV customer LibXPM * Groupe Bull * UNIX GUI
CV customer eXceed Server 5,6 Hummingbird * X emulation
CV customer Cset++ 4,5,6 IBM 2.1 OS/2 Compiler
CV customer OS/2 4,5,6 IBM 2.1 OS/2 7780
CV customer C-ISAM 4,5 Informix 6.0 Solaris DBMS
CV customer C-ISAM 4,5 Informix 6.0 NCR DBMS
CV customer Java Plugin 7 JavaSoft 1.2.2_005 Any Runtime
CV customer Java Runtime Engine 7 JavaSoft 1.2.2_001R Solaris Runtime
CV customer Access 5,6,7 Microsoft Win 95/NT Database
CV customer Formula One 5,6,7 Microsoft Win 95/NT Imaging
CV customer Internet Explorer 7 Microsoft 5.0 Win 95/NT Web browser
CV customer Navigator 7 Netscape 4.73 Win 95/NT Web browser
CV customer ServletExec 7 New Atlanta 2.2 Solaris Web Server
CV customer Visual Cafe Pro 7 Symantec 3.0c Win NT Compile/debug
CV customer mySQL 7 TcX DataKonsult 3.22.32 UNIX RDBMS
CV customer CIE * Unisys *
CV customer IIPS * Unisys *
CV customer SVR4 * Unisys 4.2 Unisys O/S
CV customer Digital Certificate 7 Verisign Class 1 Any HTTPS runtime
CV/REP 2 customer MakeDisc 4,5,6,7 Young Minds 1.20B UNIX CDROM runtime
-------------------------------------------------------------------------------
Software - to be transferred from Seller to Buyer
-------------------------------------------------------------------------------
Prod Notes
--------------------------------------
CV Runtime support for Internet Inquiry 7.1
CV Used to write and deploy Internet Inquiry; we should
upgrade
CV Allows PCs to run UNIX client apps.
CV Runtime support for dialup modems
CV Freeware
CV Allows PCs to run UNIX client apps.
CV Obsolete, no longer available.
CV Obsolete, no longer available.
CV We have a developer license; ongoing licensing may be an
issue
CV We have a developer license; ongoing licensing may be an
issue
CV Used on the Internet Inquiry client PC
CV Used to run servlets on the Web Server hosts
CV Runtime support for APP 1.0
CV Runtime ActiveX support for APP 1.0
CV Runs the Internet Inquiry Applet (we support 4.0sp2 thru
5.0)
CV Runs the Internet Inquiry Applet (we support 4.05 thru
4.73)
CV Used to run servlets on the Web Server hosts
CV Used to create Java programs (Internet Inquiry,
SecurityWS, etc)
CV Used for the authentication database; we owe them a
license fee
CV I'm not sure we have any external 3P software here
CV I'm not sure we have any external 3P software here
CV Runs CheckVision on Unisys servers
CV purchased per webserver
CV/REP 2
53
------------------------------------------------------------------------------------------------------------------------------------
Software - buyer must procure
------------------------------------------------------------------------------------------------------------------------------------
Prod Application CV Manufacturer Version Platform Purpose
------------------------------------------------------------------------------------------------------------------------------------
CV procure cvs, rcs * * (GNU) * UNIX Repository
CV procure xxxxxx * * (GNU) * UNIX Support
CV procure od, sort, tail, tar, tcsh * * (GNU) * UNIX Utilities
CV procure OnNet PC/TCP 4 * (GNU) * Win 31/95 Networking
CV D procure ImageGear Java 7 AccuSoft Any Imaging
REP 2.0/WV procure bison GNU 1.24 UNIX Tool
CV procure emacs * Gnu * UNIX Editing
WV procure emacs GNU 20.2.1 UNIX Tool
REP 2.0 procure flex GNU 2.5.2 UNIX Tool
WV procure flex GNU 2.5.2 UNIX Tool
CV/REP2/WV procure gcc/g++ * Gnu 2.7.2.1 UNIX Compile/debug
REP2/WV/CV procure gdb, nm GNU 4.18 UNIX Debugger
CV procure GhostScript * Gnu 2.6.2 UNIX Translation
CV procure gzip/gunzip * Gnu UNIX Compression
CV procure ident, strings, grep, GNU
CV procure make, flex, install * Gnu * UNIX Distribution
CV procure perl * Gnu 5.005_003 UNIX Scripting
CV D procure C-ISAM 4,5 Informix 6.0 NCR DBMS
CV D procure Java Maintenance 4,5,6,7 JavaSoft * * Maintenance
CV procure Oracle 6 Oracle 7.3.4 Solaris RDBMS
CV procure Oracle 7 Oracle 8.0.5 Solaris RDBMS
REP 3.0 procure Oracle Oracle 8.04 Solaris RDBMS
CV D procure Digital Certificate 7 Verisign Class 1 Any HTTPS runtime
Remit procure ImageGear STD and DLL AccuSoft 98b Win NT Imaging
Remit procure VBX 16 image format AccuSoft 6.0 Win 3.1 Imaging
library
Remit procure True DB Grid Pro for VB Apex Win NT software
6.0
Remit procure Cset++ IBM 2.1 OS/2 Compiler
Remit procure OS/2 Warp IBM 3.0 OS/2 7780
Remit procure TCP/IP NFS kit IBM 2.0 OS/2 7780
Remit procure C-ISAM Informix 5.02UC1 NCR DBMS
Remit procure Kofax Image Version Kofax 2.00.18 Win 3.1 Imaging
Remit procure Kofax ImageControl 3 Gold Kofax Win NT Imaging
Remit procure Xxxxx Xxxxx 2.0 Win 3.1 software
Remit procure FTP/X ActiveX Control Xxxxx Win NT software
Remit procure Ini File Manager Customer Control Xxxxx Win NT software
Remit procure C Microsoft 6.0 OS/2 Compiler
Remit procure Formula One Microsoft 4.1 Win 3.1 software
Remit procure Visual Basic Microsoft 6.0 Win NT software
Remit procure Visual Basic Microsoft 4 Win 3.1 Compiler
Remit procure Visual C++ Microsoft 1.52c Win 3.1 Compiler
Remit procure Visual C++ Microsoft 6.0 Win NT software
Remit procure Windows Microsoft 3.1, 3.11 Win O/S
Remit procure QuickStrokes Mitek 2.5.3 Win NT software
Remit procure QuickStrokes Mitek 2.5.1 OS/2 software
Remit procure MKS Toolkit Mortice Xxxx 5.2 Win NT software
Remit procure IPS NCR OS/2 7780
Remit procure MP-RAS NCR 3.02 NCR O/S
Remit procure WiseIP NCR 1.1 Win NT O/S
Remit procure NetManage Win 3.1 Networking
Remit procure Chameleon UNIXLink NetManage 98 Win NT Networking
Remit procure Oracle Oracle 7.3.4 NCR RDBMS
Remit procure Oracle client Oracle 7.3.4 Win NT RDBMS
Remit procure Tools.h++ Rogue Wave 6.1 UNIX Archive
Remit procure Calendar Widget Sheridan 1.00c win 3.1 software
Remit procure Calendar Widget Sheridan 1.x Win NT software
Remit procure Active Thread Sheridan 2.x Win NT software
Remit procure Objective Grid Stingray 7.0 Win NT software
Remit procure TrueGrid Pro TrueGrid 2.1c win 3.1 software
Remit procure ActiveX controls Videosoft VSOCX6.0 Win 3.1 software
Remit procure ActiveX controls Videosoft VSOCX6.0 Win NT software
Remit procure ActiveX controls Visual 5.0 Win NT software
Components
---------------------------------------------------------------------
Software - buyer must procure
---------------------------------------------------------------------
Prod Notes
-----------------------------
CV
CV
CV This is not a complete list, but most of it comes
with UNIX.
CV Runtime support for MICR/Edit workstation
CV D Custom Alysis Build. Runtime support for Internet
Inquiry 7.1
REP 2.0/WV Unix code development
CV
WV Unix code development
REP 2.0 Unix code development
WV Unix code development
CV/REP2/WV Used to build code on Unix platforms
REP2/WV/CV Unix code development
CV We should upgrade this to 5.X
CV Used to package code
CV
CV
CV
CV D Alysis site, customer site; ongoing licensing may
be an issue
CV D Alysis has a Maintenance Contract
CV All versions prior to 8i will soon be obsolete
CV All versions prior to 8i will soon be obsolete
REP 3.0
CV D Alysis seats, customer seats. purchased per
webserver
Remit RemitVision development
Remit RemitVision development
Remit RemitVision development
Remit RemitVision development
Remit RemitVision development
Remit RemitVision development
Remit RemitVision development
Remit RemitVision development
Remit RemitVision development
Remit RemitVision development
Remit RemitVision development
Remit RemitVision development
Remit RemitVision development
Remit RemitVision development
Remit RemitVision development
Remit RemitVision development
Remit RemitVision development
Remit RemitVision development
Remit RemitVision development
Remit RemitVision development
Remit RemitVision development
Remit RemitVision development
Remit RemitVision development
Remit Runs RemitVision on NCR servers
Remit RemitVision development
Remit RemitVision development
Remit RemitVision development
Remit RemitVision development
Remit RemitVision development
Remit RemitVision development
Remit RemitVision development
Remit RemitVision development
Remit RemitVision development
Remit RemitVision development
Remit RemitVision development
Remit RemitVision development
Remit RemitVision development
Remit RemitVision development
54
Schedule 2.2(f)(v)
Acquired Assets Patent and Copyright Licenses
Seller has no patents included in Acquired Assets.
Included in Acquired Assets are any of Seller's common law copyrights in the
Owned Software.
Schedule 2.2(f)(vi)
Other Intellectual Property Licenses
Only third party licenses listed in Schedule 2.2(f)(iv) are being sold under
this Agreement.
Schedule 2.2(f)(vii)
Customer Agreements
This Schedule lists the Purchase Schedules being transferred with the Master
Agreements. These Purchase Schedules are a mixture of work that is in progress,
work that been completed, or work that has been terminated.
ABN-AMRO
Master Agreement with ABN AMRO Services Company dated.............................................................. 9/30/96
Purchase Schedule #1 - CheckVision with ABN AMRO Services Company dated......................................... 9/30/96
Purchase Schedule #2 - CheckVision Maintenance with ABN AMRO Service Company dated.............................. 3/14/97
Purchase Schedule #3 - RemitVision REP with ABN AMRO Services Company dated..................................... 4/29/97
Purchase Schedule #4 - RemitVision REP Maintenance with ABN AMRO Service Company dated.......................... 4/29/97
Purchase Schedule #7 - CheckVision Software Licenses and Services............................................... 5/29/98
BANK OF CALIFORNIA: Note: Union Bank purchased Bank of California
Master Agreement with The Bank of California dated................................................................. 11/3/96
Purchase Schedule #1 - CheckVision with The Bank of California dated............................................ 12/15/95
Purchase Schedule #2 - CheckVision Maintenance with The Bank of California dated................................ 3/26/96
Purchase Schedule #3 - CheckVision Licenses with The Bank of California dated................................... 7/13/96
BANK OF MONTREAL: X-ref. Xxxxxx Bank
Master Agreement with Xxxxxx Trust & Savings Bank dated............................................................ 9/28/95
Purchase Schedule #1 - Wholesale Lockbox Imaging System Xxxxxx Trust & Savings Bank dated....................... 1/24/96
Purchase Schedule #2 - Check Imaging System with The Bank of Montreal dated..................................... 1/24/96
Purchase Schedule #3 - WIDE & CheckVision Enhancements with Xxxxxx Trust & Savings Bank dated................... 5/21/96
Purchase Schedule #4 - Check Imaging Maintenance with The Bank of Montreal dated................................ 7/1/96
Purchase Schedule #5 - Check Imaging Maintenance with The Bank of Montreal dated................................ 10/1/96
Purchase Schedule #6 - CheckVision Enhancements with The Bank of Montreal dated................................. 9/11/96
Purchase Schedule #7 - CheckVision Enhancements with The Bank of Montreal dated................................. 9/11/96
Purchase Schedule #8 - WIDE Enhancements with The Bank of Montreal dated........................................ 3/19/97
Purchase Schedule #9 - CheckVision Enhancements with The Bank of Montreal dated................................. 2/27/98
Purchase Schedule #10 - (SYMCOR) CheckVision Chicago............................................................ 12/11/98
Purchase Schedule #11 - REP Enhancements with The Bank of Montreal dated........................................ 3/22/99
Purchase Schedule #12 - CheckVision CD Output License with The Bank of Montreal dated........................... 11/12/99
BANK OF OKLAHOMA
Master Agreement with Bank of Oklahoma dated....................................................................... 8/15/97
Purchase Schedule #1 - CheckVision with Bank of Oklahoma dated.................................................. 8/15/97
Purchase Schedule #2 - CheckVision Maintenance with Bank of Oklahoma dated...................................... 8/15/97
Purchase Schedule #3 - CheckVision Licenses with Bank of Oklahoma dated......................................... 12/18/97
CITIBANK
Master Agreement with Citibank dated............................................................................... 12/31/97
Purchase Schedule #1 - CheckVision with Citibank dated.......................................................... 12/31/97
Purchase Schedule #3 - CheckVision Maintenance with Citibank dated.............................................. 3/24/98
Purchase Schedule #4 - SSB T&M Services with Citibank dated.................................................... 3/23/00
Purchase Schedule #5 - Additional Viewer Licenses with Citibank dated.......................................... 6/15/00
COMERICA
Master Agreement with Comerica Incorporated dated.................................................................. 8/27/96
Purchase Schedule #1 - CheckVision System with Comerica Incorporated dated...................................... 8/30/96
Purchase Schedule #2 - CheckVision Archive with Comerica Incorporated dated..................................... 12/20/96
Purchase Schedule #3 - CheckVision Maintenance with Comerica Incorporated dated................................. 5/1/97
Purchase Schedule #4 - CheckVision CD Output with Comerica Incorporated dated................................... 2/23/99
Purchase Schedule #5 - CheckVision Services with Comerica Incorporated dated.................................... 2/25/99
Purchase Schedule #6 - Operations and Technical Training with Comerica Incorporated dated....................... 11/23/99
CRESTAR
Master Agreement with Crestar Financial Corporation dated.......................................................... 9/19/96
Purchase Schedule #3 - CheckVision System with Crestar Financial Corporation dated.............................. 9/20/96
Purchase Schedule #4 - CheckVision Maintenance with Crestar Financial Corporation dated......................... 9/22/96
Purchase Schedule #5 - CheckVision Test Environment Crestar Financial Corporation dated......................... 11/24/98
Purchase Schedule #6 - YMI Upgrade Services with Crestar Financial Corporation dated........................... 5/11/00
EASCORP
Master Agreement with Eastern Corporate Federal Credit Union dated................................................. 1/14/94
Purchase Schedule #1 - Eastern Corporate Federal Credit Union dated............................................. 1/14/94
Purchase Schedule #2 - Eastern Corporate Federal Credit Union dated............................................. 9/12/95
Purchase Schedule #3 - Eastern Corporate Federal Credit Union dated............................................. 2/12/96
FIRST UNION NATIONAL BANK: purchased QuestPoint/Corestates
Master Agreement with First Union dated............................................................................ 5/31/96
Purchase Schedule #3 - CheckVision Enhancement Signet with First Union Corporation dated........................ 12/31/97
FISERV SOLUTIONS, INC.
Master Agreement with Fiserv Solutions Incorporated dated.......................................................... 8/26/99
Purchase Schedule #1 - CheckVision Modifications with Fiserv Solutions Incorporated dated....................... no date
Purchase Schedule #2 - CheckVision Maintenance with Fiserv Solutions Incorporated dated......................... 12/31/00
Purchase Schedule #3 - Licenses and Services with Fiserv Solutions Incorporated dated........................... 11/18/99
FLEET SERVICES
Master Agreement with Shawmut Bank Connecticut dated............................................................... 4/8/95
Purchase Schedule #1 - WIDE with Shawmut Bank Connecticut dated................................................. 6/29/95
Purchase Schedule #2 - WIDE Enhancements with Shawmut Bank Connecticut dated.................................... 1/17/96
Purchase Schedule #4 - CheckVision Archive with Shawmut Bank Connecticut dated.................................. 8/7/97
Purchase Schedule #5 - IDEAL Lockbox Maintenance with Shawmut Bank Connecticut dated............................ 11/7/97
Purchase Schedule #7 - CheckVision Maintenance with Fleet Services Corporation dated............................ 3/1/97
Purchase Schedule #8 - CheckVision Archive Services with Fleet Services Corporation dated....................... 8/5/99
Purchase Schedule #9 - Fixed Price Services for Image Arcivewith Fleet Services Corporation..................... no date
Purchase Schedule #10 - CheckVision Archive Security Enhancements with Fleet Boston LLC dated................... 5/22/00
KEY SERVICES
Maintenance Agreement.............................................................................................. 11/27/97
MANUFACTURERS AND TRADERS TRUST
Master Agreement with Manufacturers and Traders Trust Company dated................................................ 10/30/98
Purchase Schedule #1 - CheckVision Software Licenses and Services with Manufacturers and
Traders Trust Company dated.................................................................................... 10/29/98
Purchase Schedule #2 - CheckVision Maintenance with Manufacturers and Traders Trust
Company dated.................................................................................................. 8/4/99
Purchase Schedule #3 - CheckVision Inquiry Enterprise License with Manufacturers and Traders
Trust Company dated............................................................................................ 12/30/99
NATIONAL CITY CORPORATION
Master Agreement with National City Corporation dated.............................................................. 3/5/96
Purchase Schedule #1 - CheckVision System with National City Corporation dated.................................. 3/6/96
Purchase Schedule #2 - CheckVision Maintenance with National City Corporation
dated.................................................................................................6/28/96 exp unknown
Purchase Schedule #3 - CheckVision Inquiry with National City Corporation dated................................. 6/3/97
Purchase Schedule #4 - CheckVision Enhancements with National City Corporation dated............................ 9/30/97
Purchase Schedule #5 - CheckVision Release 5.0 with National City Corporation dated............................. 9/17/98
Purchase Schedule #6 - CheckVision Inquiry Enterprise License with National City Corporation dated.............. 7/26/99
NCR
Strategic Alliance Agreement with XXX Xxxxxxxxxxx dated............................................................ 6/11/97
Subcontract Order #1 - Key Services CheckVision with XXX Xxxxxxxxxxx dated..................................... 5/29/97
THE NORTHERN TRUST COMPANY (Note: Certain software transferred to Fiserv)
Master Purchase Agreement with The Northern Trust Company dated.................................................... 2/9/95
Purchase Schedule #1 - CheckVision with The Northern Trust Company dated........................................ 9/29/95
Purchase Schedule #2 - CheckVision Maintenance with The Northern Trust Company dated............................ 10/1/95
Purchase Schedule #4 - CheckVision Upgrade with The Northern Trust Company dated................................ 11/25/96
Purchase Schedule #5 - CheckVision Maintenance with The Northern Trust Company dated............................ 10/1/96
Purchase Schedule #6 - CheckVision Image Statement Software with The Northern Trust
Company dated.................................................................................................. 9/30/97
Purchase Schedule #7 - REP with The Northern Trust Company dated................................................ 3/98
Purchase Schedule #8 - REP Maintenance with The Northern Trust Company dated.................................... 4/27/99
Purchase Schedule #9 - REP/Watermark Integration with The Northern Trust Company dated.......................... 6/22/99
QUESTPOINT: Purchased by First Union National Bank
Master Agreement with QuestPoint, L.P. dated....................................................................... 5/16/96
Purchase Schedule #1 - CheckVision with QuestPoint, L.P. dated.................................................. 5/17/96
Purchase Schedule #2 - CheckVision Enhancements with QuestPoint, L.P. dated..................................... 3/31/97
Purchase Schedule #3 - CheckVision Maintenance with QuestPoint, L.P. dated...................................... 6/1/97
SANWA BANK
Master Agreement with Sanwa Bank California........................................................................ 12/8/95
Purchase Schedule #1 - CheckVision with Sanwa Bank California dated............................................. 12/11/95
Purchase Schedule #2 - CheckVision Maintenance with Sanwa Bank California dated................................. 7/20/96
SIGNET - X-ref. UNISYS
CheckVision Software Licensing Agreement with Signet Banking Corporation dated.................................. 3/27/95
CheckVision Software Maintenance Program Agreement with Signet Banking Corporation dated........................ 5/21/96
Clarification Letter dated..................................................................................... 1/13/97
SOUTHTRUST DATA SERVICES
Master Agreement with SouthTrust Data Services, Incorporated dated................................................. 11/11/94
Amended........................................................................................................ 11/29/96
Purchase Schedule #1 - CheckVision with SouthTrust Data Services, Incorporated dated............................ 11/11/94
Purchase Schedule #2 - Image Based Cash Mgmt. Platform with SouthTrust Data Services
Incorporated dated............................................................................................. 8/23/95
Purchase Schedule #3 - CheckVision Maintenance with SouthTrust Data Services Incorporated
dated.......................................................................................................... 10/1/95
Purchase Schedule #4 - CheckVision Maintenance with SouthTrust Data Services Incorporated
dated.......................................................................................................... 4/1/96
Purchase Schedule #7 - CheckVision Enhancements with SouthTrust Data Services Incorporated
dated.......................................................................................................... 3/4/97
Purchase Schedule #8 - Addition of CheckVision Components - Archive with SouthTrust
Corporation.................................................................................................... 9/30/97
Purchase Schedule #9 - CheckVision Maintenance with SouthTrust Corporation dated
Purchase Schedule #10 - Cyberlink with SouthTrust Corporation dated............................................. 12/30/99
(excluding WorkOut/(R)/ license portion)
STORAGETEK
Subcontract Agreement - Huntington Bank CheckVision................................................................ 6/23/99
Change Order with The Huntington National Bank dated............................................................... 1/31/00
SYSTEMATICS FINANCIAL SERVICES
Master Agreement with Systematics Financial Services Incorporated dated............................................ 5/24/94
Purchase Schedule #1 - CheckVision with Systematics Information Services dated.................................. 5/24/94
UMB BANK
Terms and Conditions............................................................................................... 12/24/92
Hardware and Software Maintenance Agreement........................................................................ 11/1/92
Master Agreement with UMB Bank dated............................................................................... 5/1/95
Purchase Schedule #1 - CheckVision (Accts. Reconciliation) with UMB Financial Services Incorporated
dated.......................................................................................................... 9/6/96
Purchase Schedule #2 - Remote Image Capture (RIC) with UMB Financial Services Incorporated
dated.......................................................................................................... 9/6/96
Purchase Schedule #3 - CheckVision Xxxxxx Image Transcoding with UMB Financial Services
Incorporated dated............................................................................................. 9/6/96
Purchase Schedule #4 - CheckVision Maintenance with UMB Bank dated.............................................. 10/1/95
Purchase Schedule #5 - RIC Maintenance with UMB Bank dated...................................................... 12/15/95
Purchase Schedule #6 - CheckVision Upgrade & Positive Pay....................................................... unknown
Purchase Schedule #7 - Y2K with UMB Bank dated.................................................................. 3/16/99
Purchase Schedule #8 - CheckVision Licenses and Services with UMB Bank dated.................................... 1/25/99
Purchase Schedule #9 - CheckVision Upgrade with UMB Bank dated.................................................. 0/0/00
XXXXX XXXX XX XXXXXXXXXX: Purchased Bank of California
Master Agreement with Union Bank dated............................................................................. 12/31/95
Purchase Schedule #1 - CheckVision with Union Bank dated........................................................ 12/31/95
Purchase Schedule #2 - CheckVision Maintenance with Union Bank dated............................................ 3/26/96
Purchase Schedule #3 - T&M Services with Union Bank dated....................................................... 6/13/96
Purchase Schedule #4 - CheckVision Licensing with Union Bank dated.............................................. 7/18/96
Purchase Schedule #5 - RAID Sorter Services with Union Bank dated............................................... 8/18/96
Purchase Schedule #6 - CheckVision Oakland with Union Bank dated................................................ 9/16/96
Purchase Schedule #7 - CheckVision Maintenance with Union Bank dated........................................... 1/7/97
Purchase Schedule #8 - CheckVision Enhancements with Union Bank dated........................................... 6/30/97
Purchase Schedule #9 - Transport Licenses with Union Bank dated................................................. 12/31/97
Purchase Schedule #10 - CheckVision Licenses with Union Bank dated............................................. 3/30/98
Purchase Schedule #11 - San Diego Cash Mgmt Services with Union Bank dated...................................... 8/20/98
UNION PLANTERS BANK
Master Agreement with Union Planters Bank dated.................................................................... 1/26/99
Purchase Schedule #1 - CheckVision Software Licenses & Services with Union Planters National
Bank dated..................................................................................................... 1/26/99
Purchase Schedule #2 - CheckVision Maintenance with Union Planters Bank dated................................... 1/27/99
UNISYS
Master Agreement with Xxxxxx Xxxxxxxxxxx dated..................................................................... 2/20/96
Purchase Schedule #1 - CheckVision (Bank of the West) with Xxxxxx Xxxxxxxxxxx dated............................. 6/1/96
Purchase Schedule #2 - CheckVision Maintenance with Xxxxxx Xxxxxxxxxxx dated.................................... 8/12/96
Amended........................................................................................................ 1/1/97
Purchase Schedule #3 - CheckVision Enhancements with Xxxxxx Xxxxxxxxxxx dated................................... 3/20/98
UNISYS/SIGNET
Subcontract #1 for CheckVision with Xxxxxx Xxxxxxxxxxx dated....................................................... 10/28/94
Purchase Schedule #1 - CheckVision Xxxxxx Xxxxxxxxxxx dated..................................................... 10/28/94
Change Order #1 and #2 - PC Inquiry Enhancements................................................................ 5/31/95
Purchase Schedule #3 - Remote Image Export...................................................................... unknown
Change Order #1................................................................................................ unknown
Change Order #3................................................................................................ 6/27/96
Subcontract #2 for Archive System.................................................................................. 3/29/96
XXXXX FARGO BANK
Master Agreement - CheckVision with Xxxxx Fargo Bank dated......................................................... 9/10/93
Purchase Addendum #1 - CheckVision Demonstration with Xxxxx Fargo Bank dated.................................... 9/15/93
Purchase Addendum #2 - Check Image/Letter System & Maintenance with Xxxxx Fargo Bank dated...................... 11/11/93
Purchase Addendum #3 - CheckVision Inquiry Licenses with Xxxxx Fargo Bank dated................................. 12/29/97
Schedule 2.2(f)(viii)
Third Party Service Agreements
No service agreements are being sold under this Agreement.
Schedule 2.2(f)(ix)
Real Property Leases
There are no real property leases being sold under this Agreement.
Schedule 2.2(f)(x)
Other Agreements
NCR Global Strategic Alliance Agreement
Schedule 2.2(g)
Contract Proposals
Buyer has the following outstanding proposals:
Fiserv - Chicago (Northern Trust)
Software and services - $1,199,000 (at list price)
Hardware estimate - $1,837,435 (at list price)
This is a CV 7.0 system for Fiserv's Chicago data center. Client has a CV 4.0
system. It will be used to service Northern Trust and other regional banks.
Primary competition is from Fiserv's ImageSoft division. Client prefers that we
source all hardware.
KeyCorp
Software and services - $606,000 (discounted)
Hardware estimate - $272,340 (at list price)
This is a CV 7.0 system. Client has a CV 4.0 system. It will be used to
service cash management customers. While there is no direct competition for
this system, the proposal is being carefully scrutinized by the IT organization
that is developing an enterprise archive strategy. Client prefers to source
hardware themselves. We expect a decision in September.
In addition, Buyer has outstanding budgetary estimates to several customers.
The material outstanding budgetary estimates are:
Citibank - Bank Card Extension
Software and services - $800,000
Expansion of existing CV 7.0 system to integrate images of bank card
transactions captured from Banctec's remittance systems.
Citibank - ARP CD
Software and services - $260,000
Expansion of existing CV 7.0 system to add ARP CD application.
Schedule 2.3
The Shared Assets
There are no assets listed on the CheckVision Balance Sheet that are shared with
other Seller departments, business units and the like.
Schedule 2.6
Allocation of Purchase Price
Allocation of the purchase price will be mutually determined by the parties
upon finalization of the Closing Balance Sheet.
Schedule 3.2(a)(i)
Balance Sheet
Alysis Technologies-Check Vision
Preliminary Balance Sheet
June 2000 ($000's)
6/30/2000
Assets
Cash & Cash Equivalents
AR (Billed & Unbilled) 1,301
Prepaid Expenses 9
-------
Total Current Assets 1,310
PP&E 44
-------
Total Assets 1,354
=======
Liabilities & Stockholders Equity
Accounts Payable $ -
Accrued Payroll 102
Accrued Vacation 213
Other Accrued Liabilities 171
Deferred Revenue 1,825
-------
Total Liabilities 2,311
-------
Total Stockholders' Equity (957)
-------
Total Liabilities & Stockholders' Equity $ 1,354
=======
Schedule 3.2(a)(ii)
Adjusted Balance Sheet
Attached
Coastal Balance Sheet (in 000's) Attachment A
------------------------------------------------------------------------------------------------------------------------------------
Part Target CBC Proposed
Provided 7/12 Adjustments as of 8/1/00
------------- ----------- ------------
Assets
Cash & Cash Equivalents $ - $ - $ -
A/R (Billed & Unbilled) 1,301 (203) a 1,098
Prepaid Expenses 9 9
------------- ------- ------------
Total Current Assets 1,310 (203) 1,107
PP&E 44 27 b 71
------------- ------- ------------
Total Assets 1,354 (176) 1,176
Liabilities & Stockholders Equity
Accounts Payable -
Accrued Payroll (102) 102 c -
Accrued Bonuses
Accrued Vacation (213) 51 d (162)
Other Accrued Liabilities (171) (171)
Deferred Revenue (1,825) 81 e (1,744)
------------- ------- ------------
Total Liabilities (2,311) 234 (2,077)
NBV $ (957) 58 (899)
Allowance per Structure of Transaction 500
------------
Adjusted NBV (399)
4,600
Preliminary Purchase Price 4,101
Additional Pay-related Costs (116) f (116)
------------
Adjustable Price Price: $ 3,985
------------
Holdback 500
Upfront Cash Pay-Out $ 3,485
------------
Schedule 3.2(c)
Specified Changes
Other than as described in Schedule 5.6, there are no specified changes.
Schedule 3.2(d)
Exceptions to Tax Returns and Audits
None
Schedule 3.2(e)
Owned Tangible Personal Property
Attached
-----------------------------------------------------------------------------------------------------------------------------
Alysis Computer Assets that will be transferred to buyer Schedule 3.2 (?)
------------------------------------------------------------------------------------------------------------------------------
Product PC Name PC System Server Name Server System Other Other descr. Comment Book Value
------------------------------------------------------------------------------------------------------------------------------
CV ? G2000 Chaz 500
------------------------------------------------------------------------------------------------------------------------------
CV ? G2000 Vikram 500
------------------------------------------------------------------------------------------------------------------------------
CV russ1 G2000 Petere 500
------------------------------------------------------------------------------------------------------------------------------
Java Dev
------------------------------------------------------------------------------------------------------------------------------
XX xxxxx G2000 Xxxxxxx 500
------------------------------------------------------------------------------------------------------------------------------
CV teddy G2000 CV Test 500
------------------------------------------------------------------------------------------------------------------------------
CV ? Thinkpad Laptop Xxxxxxxxxx 500
------------------------------------------------------------------------------------------------------------------------------
XX xx xx 00000 Miracle Raye 3.1 500
------------------------------------------------------------------------------------------------------------------------------
CV iapc16 Miracle CV Test 500
------------------------------------------------------------------------------------------------------------------------------
CV iapc17 Miracle CV Test 500
------------------------------------------------------------------------------------------------------------------------------
CV iapc62 Xxxxxxx Xxxxxx 500
------------------------------------------------------------------------------------------------------------------------------
CV mantest1 Miracle Manny 500
------------------------------------------------------------------------------------------------------------------------------
zip drive
------------------------------------------------------------------------------------------------------------------------------
CV mantest2 Miracle Manny 500
------------------------------------------------------------------------------------------------------------------------------
CV smaug NCR 3400 500
------------------------------------------------------------------------------------------------------------------------------
CV anapc Anacomp test equipment 500
------------------------------------------------------------------------------------------------------------------------------
CV gimli NCR 3300 OS/2 with NCR 7780 500
------------------------------------------------------------------------------------------------------------------------------
CV cvscan ATT 3349 OS2 500
------------------------------------------------------------------------------------------------------------------------------
CV pc01cv 500
------------------------------------------------------------------------------------------------------------------------------
CV pcnt with NSM JukeBox CDR 100 XA 500
------------------------------------------------------------------------------------------------------------------------------
CV sysrs 500
------------------------------------------------------------------------------------------------------------------------------
CV iapc77 IBM AIX 500
------------------------------------------------------------------------------------------------------------------------------
CV russ4 500
------------------------------------------------------------------------------------------------------------------------------
CV russ6 500
------------------------------------------------------------------------------------------------------------------------------
REP iapc34 Win 3.1 500
------------------------------------------------------------------------------------------------------------------------------
REP Pluto Win 3.1 500
------------------------------------------------------------------------------------------------------------------------------
REP/ WV frodo Win 3.1 500
------------------------------------------------------------------------------------------------------------------------------
REP/ WV hula Win 3.1 500
------------------------------------------------------------------------------------------------------------------------------
WV calypso Win 3.1 500
------------------------------------------------------------------------------------------------------------------------------
WV funk Win 3.1 500
------------------------------------------------------------------------------------------------------------------------------
REP Xxxxxxx PC Win 95 500
------------------------------------------------------------------------------------------------------------------------------
REP iapc25 WinNT 500
------------------------------------------------------------------------------------------------------------------------------
REP revtest1 WinNT 500
------------------------------------------------------------------------------------------------------------------------------
REP revtest2 WinNT 500
------------------------------------------------------------------------------------------------------------------------------
REP revtest3 WinNT 500
------------------------------------------------------------------------------------------------------------------------------
REP revtest4 WinNT 500
------------------------------------------------------------------------------------------------------------------------------
REP Scorpio WinNT 500
------------------------------------------------------------------------------------------------------------------------------
REP indiana4 WinNT 500
------------------------------------------------------------------------------------------------------------------------------
WV orc WinNT 500
------------------------------------------------------------------------------------------------------------------------------
CV/REP/CV/Wvss WinNT 500
------------------------------------------------------------------------------------------------------------------------------
CV balrog Xxxxx 00 2,500
------------------------------------------------------------------------------------------------------------------------------
CV syseast Xxxxx 00 with Young Minds MPS 2, Rimage CD PRO 2,500
------------------------------------------------------------------------------------------------------------------------------
XX Xxxxxx Ultra 2 incl. DLT Tape 2,984
------------------------------------------------------------------------------------------------------------------------------
CV Xxxxx Ultra 10 3,525
------------------------------------------------------------------------------------------------------------------------------
REP Gesysbase SPARC 2,500
------------------------------------------------------------------------------------------------------------------------------
REP iafs04 SPARC 2,500
------------------------------------------------------------------------------------------------------------------------------
CV iatestcore E450 0
------------------------------------------------------------------------------------------------------------------------------
CV iatesthash Ultra 5 1,617
------------------------------------------------------------------------------------------------------------------------------
CV Jughead Ultra 2 0
------------------------------------------------------------------------------------------------------------------------------
CV Loadrunner Ultra 60 5,749
------------------------------------------------------------------------------------------------------------------------------
XX Xxxxxx E450 9,325
------------------------------------------------------------------------------------------------------------------------------
CV/REP/WV masse Ultra 1 790
------------------------------------------------------------------------------------------------------------------------------
CV Peanut Ultra 10 2,484
------------------------------------------------------------------------------------------------------------------------------
CV Xxxxxx Ultra 10 1,667
------------------------------------------------------------------------------------------------------------------------------
CV Srgtsys1 E3000 0
------------------------------------------------------------------------------------------------------------------------------
CV / WV Stortek = Ultra 10 2,921
------------------------------------------------------------------------------------------------------------------------------
REP tntsrv UNIX 2,500
------------------------------------------------------------------------------------------------------------------------------
WV toro Ultra 1 262
------------------------------------------------------------------------------------------------------------------------------
CV U502 Ultra 5 1,617
------------------------------------------------------------------------------------------------------------------------------
CV U503 Ultra 5 1,243
------------------------------------------------------------------------------------------------------------------------------
CV U5S8 Ultra 5 2,500
------------------------------------------------------------------------------------------------------------------------------
CV Websvr E450 8,450
------------------------------------------------------------------------------------------------------------------------------
CV WS01S8 Ultra 1 2,500
------------------------------------------------------------------------------------------------------------------------------
REP Xxxx & Xxxxxx Invoice Scanner 1,000
------------------------------------------------------------------------------------------------------------------------------
1/2
------------------------------------------------------------------------------------------------------------------------------
REP NCR 7731 Check Scanner 1,000
------------------------------------------------------------------------------------------------------------------------------
REP NCR 7731 Scanner for 3.0 1,000
------------------------------------------------------------------------------------------------------------------------------
CV RiMage CD Writer 1,000
------------------------------------------------------------------------------------------------------------------------------
CV Rimage CD Label Printer 1,000
------------------------------------------------------------------------------------------------------------------------------
CV RiMage CD Writer 1,000
------------------------------------------------------------------------------------------------------------------------------
CV Rimage CD Label Printer 1,000
------------------------------------------------------------------------------------------------------------------------------
CV / WV fs02 Ultra 10 transfer data to Alysis 2,500
------------------------------------------------------------------------------------------------------------------------------
CV/REP/WV US Robotics 56KModems(8) Maintenance support 1,00
------------------------------------------------------------------------------------------------------------------------------
CV/REP/WV Muliplex 56K Modem(1) Maintenance support 200
------------------------------------------------------------------------------------------------------------------------------
Count/Total 38 25 14 89,833
------------------------------------------------------------------------------------------------------------------------------
Book Value is accurate if the machine is identified, otherwise estimated
------------------------------------------------------------------------------------------------------------------------------
2/2
Schedule 3.2(f)
Accounts Receivable as of June 30, 2000 Aged
Attached
RE,901,4.FDATABAS IA - CORPORATION DISTRIBUTION YNG-
TUE, JUL 11, 2000, 9:42 AM
ACCOUNTS RECEIVABLE DETAILED AGING REPORT
=========================================
SORTED BY XXXX TO CUSTOMER NAME
AS OF: 06/30/00
BY INVOICE DATE
Maintenance Invoices:
XXXX TO NO./ XXXX XXXX CIA NO./ 1-30 31-60 61-90 OVER 90 CUSTOMER
CUST. NAME/ADDRESS DATE TY INVOICE NO CUSTOMER P.O. NUMBER DAYS DAYS DAYS DAYS TOTAL
---------------------- -------- ----- ---------- --------------------------- ---------- --------- -------- -------- ----------
C.D.S.I. (CITIBANK)
000 XXXXXX XXX. CUSTOMER (EXCLUDES CASH IN ADVANCE
ENGLEWOOD CLIFF, NJ 07 632 TOTALS: AND UNPOSTED DEBIT MEMOS) 25440.00 0.00 0.00 0.00 25440.00
ATTN: XXX XXXXX
4591 01/11/00 IN 105159 SEE REFERENCE BELOW 0.00 0.00 0.00 734.27
---------- --------- -------- -------- ----------
COMERICA INC.
LIVONIA OPERATIONS CEN TER CUSTOMER (EXCLUDES CASH IN ADVANCE
00000 XXX XXXX XXXX TOTALS: AND UNPOSTED DEBIT MEMOS) 0.00 0.00 0.00 734.27 734.27
XXXXXXX, XX 00000
ATTN: XXXX XXXXX, VP
4593 06/05/00 IN 105257 SEE REFERENCE BELOW 5156.25 0.00 0.00 0.00
---------- --------- -------- -------- ----------
CRESTAR FINANCIAL CO
000 XXXX XXXX XXXXXX CUSTOMER (EXCLUDES CASH IN ADVANCE
XXXXXXXX, XX 00000 TOTALS: AND UNPOSTED DEBIT MEMOS) 5156.25 0.00 0.00 0.00 5156.25
ATTN: XXXX XXXXX, VP
4547 03/03/00 IN 105185 #0577797ECB 0.00 0.00 0.00 7968.75
CSC/TECHNOLOGY MANAG 06/05/00 IN 105258 #0577797ECB 7968.75 0.00 0.00 0.00
---------- --------- -------- -------- ----------
X.X. XXX 0000 CUSTOMER (EXCLUDES CASH IN ADVANCE
STERLING, VA 8 TOTALS: AND UNPOSTED DEBIT MEMOS) 7968.75 0.00 0.00 7968.75 15937.50
20167 172
MAIL CODE 411
(000)000 0000
RE,901,4.FDATABAS IA - CORPORATION DISTRIBUTION YNG-
TUE, JUL 11, 2000, 9:42 AM
ACCOUNTS RECEIVABLE DETAILED AGING REPORT
=========================================
SORTED BY XXXX TO CUSTOMER NAME
AS OF: 06/30/00
BY INVOICE DATE
Maintenance Invoices:
XXXX TO NO./ XXXX XXXX CIA NO./ 1-30 31-60 61-90 OVER 90 CUSTOMER
CUST. NAME/ADDRESS DATE TY INVOICE NO CUSTOMER P.O. NUMBER DAYS DAYS DAYS DAYS TOTAL
---------------------- -------- ----- ---------- --------------------------- ---------- --------- -------- -------- ----------
4501 06/05/00 IN 105261 60110659 6450.00 0.00 0.00 0.00
---------- --------- -------- -------- ----------
FIDELITY INVESTMENTS
X.X. XXX 00000 CUSTOMER (EXCLUDES CASH IN ADVANCE
BOSTON, MA 02293-0001 TOTALS: AND UNPOSTED DEBIT MEMOS) 6450.00 0.00 0.00 0.00 6450.00
4572 04/26/00 IN 105223 SEE REFERENCE BELOW 0.00 0.00 74938.00 0.00
---------- --------- -------- -------- ----------
FISERV SOLUTIONS, IN
000 XXXXX XXXXX XXXXXX CUSTOMER (EXCLUDES CASH IN ADVANCE
XXXXXXX, XX 00000 TOTALS: AND UNPOSTED DEBIT MEMOS) 0.00 0.00 74938.00 0.00 74938.00
ATTN: XXXX XXXXX, VP
4719 03/16/00 IN 105192 SEE REFERENCE BELOW 0.00 0.00 0.00 6512.00
---------- --------- -------- -------- ----------
FISERV SOLUTIONS, IN
FISERV NORTHERN TRUST UNIT CUSTOMER (EXCLUDES CASH IN ADVANCE
350 NORTH ORLEANS TOTALS: AND UNPOSTED DEBIT MEMOS) 0.00 0.00 0.00 6512.00 6512.00
XXXXXXX, XX 00000
ATTN: XX XXXXXXXX, VP
4590 05/18/00 IN 105250 SEE REFERENCE BELOW 0.00 198841.50 0.00 0.00
FLEET SERVICES CORPO
SYSTEMS AND DEVELOPMENT CUSTOMER (EXCLUDES CASH IN ADVANCE
1 CORPORATE CENTER TOTALS: AND UNPOSTED DEBIT MEMOS) 0.00 198841.50 0.00 0.00 198841.50
XXXXXXXX, XX 00000
ATTN: XXXX XXXXXX, M/SCT EH
406 208
4574 03/03/00 IN 105189 SEE REFERENCE BELOW 0.00 0.00 0.00 7298.58
FLEET TECHNOLOGY SOL 04/06/00 IN 105205 SEE REFERENCE BELOW 0.00 0.00 7298.58 0.00
05/03/00 IN 105233 SEE REFERENCE BELOW 0.00 7298.58 0.00 0.00
06/06/00 IN 105266 SEE REFERENCE BELOW 7298.58 0.00 0.00 0.00
RE,901,4.FDATABAS IA - CORPORATION DISTRIBUTION YNG-
TUE, JUL 11, 2000, 9:42 AM
ACCOUNTS RECEIVABLE DETAILED AGING REPORT
=========================================
SORTED BY XXXX TO CUSTOMER NAME
AS OF: 06/30/00
BY INVOICE DATE
Maintenance Invoices:
XXXX TO NO./ XXXX XXXX CIA NO./ 1-30 31-60 61-90 OVER 90 CUSTOMER
CUST. NAME/ADDRESS DATE TY INVOICE NO CUSTOMER P.O. NUMBER DAYS DAYS DAYS DAYS TOTAL
---------------------- -------- ----- ---------- --------------------------- ---------- --------- -------- -------- ----------
MAIL STOP: CT/OP/X20A CUSTOMER (EXCLUDES CASH IN ADVANCE
1 CORPORATE CENTER TOTALS: AND UNPOSTED DEBIT MEMOS) 7298.58 7298.58 7298.58 7298.58 29194.32
XXXXXXXX, XX 00000
ATTN: XXXXXX XXXXXX, VP
4727 02/28/00 IN 105182 217846 0.00 0.00 0.00 7612.50
---------- --------- -------- --------
HUNTINGTON NATIONAL
ACCOUNTS PAYABLE CUSTOMER (EXCLUDES CASH IN ADVANCE
7 EASTON OVAL TOTALS: AND UNPOSTED DEBIT MEMOS) 0.00 0.00 0.00 7612.50 7612.50
XXXXXXXX, XX 00000
4583 06/13/00 IN 105272 00CLCSP4040 7520.00 0.00 0.00 0.00
LIBRARY OF CONGRESS
---------- --------- -------- --------
ACCOUNTING DIVISION CUSTOMER (EXCLUDES CASH IN ADVANCE
LOC VOUCHER UNIT FSD TOTALS: AND UNPOSTED DEBIT MEMOS) 7520.00 0.00 0.00 0.00 7520.00
000 XXXXXXXXXXXX XXX X
XXXXXXXXXX, XX 00000-000
4585 12/27/99 IN 105142 SEE REFERENCE BELOW 0.00 0.00 0.00 40125.00
NATIONAL CITY CORPOR
000 XXXX XXXXX XX. CUSTOMER (EXCLUDES CASH IN ADVANCE
XXXXXXXX, XX 00000 TOTALS: AND UNPOSTED DEBIT MEMOS) 0.00 0.00 0.00 40125.00 40125.00
ATTN: XXXXXX XXXXXXX
4600 04/23/99 IN 104830 SEE REFERENCE BELOW 0.00 0.00 0.00 804.72
XXX XXXXXXXXXXX 07/27/99 IN 104969 SEE REFERENCE BELOW 0.00 0.00 0.00 2201.42
12/27/99 IN 105143 SEE REFERENCE BELOW 0.00 0.00 0.00 5721.91
---------- --------- -------- --------
000 XXXXX XXXXXX XXXXX CUSTOMER (EXCLUDES CASH IN ADVANCE
XXXXXXXX, XXXXXXX X0X0X0 TOTALS: AND UNPOSTED DEBIT MEMOS) 0.00 0.00 0.00 8728.05 8728.05
CANADA
ATTN: XXXXXX XXXXXXXXXX
4567 03/14/00 IN 105191 F810356 0.00 0.00 0.00 20740.95
ACCOUNTS RECEIVABLE DETAIL AGING REPORT
---------------------------------------
SORTED BY XXXX-TO-CUSTOM ER NAME
AN OP 061000010
BY INVOICE DATE
XXXX-TO NOS XXXX T RAN CIA NOV 1-30 31-60 61-90 OVER 90 CUSTOMER
CUST.NASEAD DRESS DATE TY INVOICE NO CUSTOMER P.O. NUMBER DAYS DAYS DAYS DAYS TOTAL
------------- ---- -- ---------- -------------------- ---- ------ ----- ------- --------
XXXXX & XXXXXXX 00/00/00 XX 000000 F810356 0.00 0.00 0.00
04/06/00 IN 105207 F810356 0.00 6913.65 0.00 0.00
05/03/00 IN 105231 F810356 6913.65 0.00 0.00 0.00
06/05/00 IN 105264 F810356 ------- ------- ------- --------
UTC SHARED BUSINESS SERVICES CUSTOMER (EXCLUDES CASH IN ADVANCE
ACCOUNTS PAYABLE 1-24 TOTALS: AND UNPOSTED DEBIT MEMOS) 6913.65 6913.65 6913.65 20740.95 41481.90
X.X. XXX 000
XXXXXXX, XX 00000 0766
(000) 000 0000
4587 04/28/00 IN 105225 DELIVERY ORDER #37276 0.00 0.00 39808.96 0.00
PRC INC. ------- ------- -------- --------
1500 PRC DRIVE CUSTOMER (EXCLUDES CASH IN ADVANCE
XXXXXX, XX 00000 TOTALS: AND UNPOSTED DEBIT MEMOS) 0.00 0.00 39808.96 0.00 39808.96
ATTN: ENG EA, M/S 4N2
ACCOUNTS PAYABLE
4709 12/09/99 IN 105121 31752 0.00 0.00 0.00 2960.00
PRC INC. ------- ------- -------- --------
1500 PRC DRIVE CUSTOMER (EXCLUDES CASH IN ADVANCE
XXXXXX, XX 00000 TOTALS: AND UNPOSTED DEBIT MEMOS) 0.00 0.00 0.00 2960.00 2960.00
ATTN: A/P, M/S 4N2
4588 06/14/00 IN 105273 SEE REFERENCE BELOW 5173.33 0.00 0.00 0.00
QUESTPOINT ------- ------- -------- --------
FC 1 2 10 53 CUSTOMER (EXCLUDES CASH IN ADVANCE
0XX XXX XXXXXX XXXXXXX TOTALS: AND UNPOSTED DEBIT MEMOS) 5173.33 0.00 0.00 0.00 5173.33
XXXXXXXXXXXX, XX 00000 7618
ATTN: XXXXXX XXXXX
4579 06/14/00 IN 105274 SEE REFERENCE BELOW 4054.17 0.00 0.00 0.00
SIGNET BANKING CORP. ------- ------- -------- --------
0000 XXXXXXXX XXXXX CUSTOMER (EXCLUDES CASH IN ADVANCE
XXXXX XXXXX, XX 00000 TOTALS: AND UNPOSTED DEBIT MEMOS) 4054.17 0.00 0.00 0.00 4054.17
ACCOUNTS RECEIVABLE DETAIL AGING REPORT
---------------------------------------
SORTED BY XXXX-TO-CUSTOM ER NAME
AN OP 061000010
BY INVOICE DATE
XXXX-TO NOS XXXX T RAN CIA NOV 1-30 31-60 61-90 OVER 90 CUSTOMER
CUST.NASEAD DRESS DATE TY INVOICE NO CUSTOMER P.O. NUMBER DAYS DAYS DAYS DAYS TOTAL
------------- ---- -- ---------- -------------------- ---- ------ ----- ------- --------
ATTN: XXXXXXX XXXXXXX
4569 09/03/99 IN 104998 SEE REFERENCE BELOW 0.00 0.00 0.00 24420.00
SOUTH TRUST XXXXXXXX00/00/00 XX 000000 SEE REFERENCE BELOW 0.00 100500.00 0.00 0.00
06/05/00 IN 105263 #SEE REFERENCE BELOW 4187.50 0.00 0.00 0.00
------- --------- ---- --------
000 XXXXXXXX XXXXXXX CUSTOMER (EXCLUDES CASH IN ADVANCE
XXXXXXXXXX, XX 00000 TOTALS: AND UNPOSTED DEBIT MEMOS) 4187.50 100500.00 0.00 24420.00 129107.50
ATTN: XXXXX XXXXXXXX
4696 02/17/00 IN 105180 CCOL401104 0.00 0.00 0.00 10460.89
STORAGE TECHNOLOGY C ------- --------- ---- --------
000 XXXX XXXX XXXX, XXXXX 000 CUSTOMER (EXCLUDES CASH IN ADVANCE
XXX XXXX, XX 00000 TOTALS: AND UNPOSTED DEBIT MEMOS) 0.00 0.00 0.00 10460.89 10460.89
ATTN: XXX XXXXX
4558 06/05/00 IN 105265 #F00588C 12637.50 0.00 0.00 0.00
THE BOEING COMPANY ------- --------- ---- --------
ACCOUNTS PAYABLE CUSTOMER (EXCLUDES CASH IN ADVANCE
X.X. XXX 00000 TOTALS: AND UNPOSTED DEBIT MEMOS) 12637.50 0.00 0.00 0.00 12637.50
XX. XXXXX, XX 00000 67 42
4697 11/19/99 IN 105098 SEE REFERENCE BELOW 0.00 0.00 0.00 100000.00
------- --------- ---- --------
UNION PLANTERS BANK,
0000 XXXXXXXX XXXXX XXXXXXX CUSTOMER (EXCLUDES CASH IN ADVANCE
XXXXXXX, XX 00000 TOTALS: AND UNPOSTED DEBIT MEMOS) 0.00 0.00 0.00 100000.00 100000.00
ATTN: XXXX XXXXXXX, S.P.
4438 12/01/99 IN 105110 SEE REFERENCE BELOW 0.00 0.00 0.00 16650.98
ACCOUNTS RECEIVABLE DETAIL AGING REPORT
---------------------------------------
SORTED BY XXXX-TO-CUSTOM ER NAME
AN OP 061000010
BY INVOICE DATE
XXXX-TO NOS XXXX T RAN CIA NOV 1-30 31-60 61-90 OVER 90 CUSTOMER
CUST.NASEAD DRESS DATE TY INVOICE NO CUSTOMER P.O. NUMBER DAYS DAYS DAYS DAYS TOTAL
------------- ---- -- ---------- -------------------- ---- ------ ----- ------- --------
UNITED TECHNOLOGIES/ 02/01/00 IN 105166 SEE REFERENCE BELOW 0.00 0.00 0.00 13985.34
03/03/00 IN 105188 SEE REFERENCE BELOW 0.00 0.00 0.00 407.34
04/06/00 IN 105203 SEE REFERENCE BELOW 0.00 0.00 13985.34 0.00
05/02/00 IN 105228 SEE REFERENCE BELOW 0.00 13985.34 0.00 0.00
06/07/00 IN 105269 SEE REFERENCE BELOW 13985.34 0.00 0.00 0.00
-------- -------- -------- --------
000 XXXX XXXXXX CUSTOMER (EXCLUDES CASH IN ADVANCE
ENGINEERING BLDG. M/S 16505 TOTALS: AND UNPOSTED DEBIT MEMOS) 13985.34 13985.34 13985.34 31043.66 72999.68
XXXX XXXXXXXX, XX. 00 108
ATTN: XXXXXXX XXXXX
(000)000 0000
=========== =========== =========== =========== ==========
GRAND TOTALS: (EXCLUDES CASH IN ADVANCE
AND UNPOSTED DEBIT MEMOS) $106,785.07 $327,539.07 $142,944.53 $268,604.65 $845,873.32
Maintenance Total $601,179.36
------------------------------------------------------------------------------------------------------------------------------------
ALYSIS TECHNOLOGIES
------------------------------------------------------------------------------------------------------------------------------------
UNBILLED AR & DEFERRED REVENUE
------------------------------------------------------------------------------------------------------------------------------------
Jun-00
------------------------------------------------------------------------------------------------------------------------------------
A/C 1331 UNBILLED AR
-----------------------------------------------------------------------------------------------------------
CLIENT PROJECT BEG. BAL. MISC ADJ INVOICE REVENUE TOTAL 1331
-----------------------------------------------------------------------------------------------------------
SOUTH TRUST LOAN OPS 70 4645 PC - -
SOUTH TRUST T&M 70 4711 PC 9,990.19 9,990.19
FIDELITY T&M 70 4713 PC 5,550.00 5,550.00
LIBRARY OF CONGRESS 70 4723 - (7,520.00) 7,520.00 -
TOTAL 1331 157000 15,540.19 - (7,520.00) 7,520.00 15,540.19
All Wachovia - Settlement 60 4681 PC
ABN AMRO REP T&M 60 4716 PC
TOTAL 1331 156000 7,030.00 - - - 7,030.00
SOUTHTRUST ARCHIVE 80 4657 PC 64,661.39 64,661.39
UNISYS CV 80 4682 PC - 16.75 16.75
NATIONAL CITY CORP. 80 4687 PC 2,428.00 2,428.00
XXX XXXXXXXXXX 00 0000 PC 41,413.49 41,413.49
MANUFACTURERS & TRADERS 80 4690 PC 41,749.51 (3,191.42) 38,558.09
UMB/FIDELITY Y2K 80 4694 PC 8,309.30 8,309.30
XXX/XXXXXXXXXX 00 0000 XX 152,932.34 49,901.70 202,834.04
XXXXX XXXXXXXX 00 0000 XX - -
XXX TECHNOLOGY REFRESH 80 4700 PC - (250,838.00) 250,838.00 -
COMERICA ARCHIVE FP
ENHANCE. 80 4703 PC - -
UMB/FIDELITY CV UPGRADE 80 4707 PC - -
FISERV/TNT CHECKVISION 80 4719 PC - 0.00
FLEET ARCHIVE RECONF. 80 4721 PC - -
SOUTHTRUST ARCHIVE 80 4722 PC 20,000.00 20,000.00
XXXXXX XX XXXXXXXXXXXX 00 0000 XX - -
XXXXXXXX ARCHIVE T&M 80 4737 PC 14,555.00 11,226.00 25,781.00
FISERV CV T&M 80 4740 PC 0.50 (0.50) -
FLEET ARCHIVE T&M 80 4742 PC - 28,803.00 28,803.00
CRESTAR CV 80 4743 PC 5,156.00 0.25 (5,156.25) -
CITIBANK CV LICENSE 80 4744 PC (24,000.00) 24,000.00 -
TOTAL 1331 158000 351,205.53 16.50 (279,994.25) 361,577.28 432,805.06
FIDELITY MA. 40 4468 MF - -
UNITED MISSOURI BANK 40 4519 MF - -
PW / UNITED TECH 40 4521 MF - -
XXXXXX 40 4522 MF - -
LIBRARY OF CONGRESS 40 4523 MFb - -
COMPUTER SCIENCES 40 4532 MF - -
XXXXXXX XXXXX MA 40 4533 MF - -
XxXXXXXXX XXXXXXX 40 4541 MF - -
XXXXX XXXXXXX FL MA 40 4568 MF - -
SIGNET BANKING CORP. 40 4584 MF - -
SOUTH TRUST 40 4590 MF - -
FISERV/TNT CV MA 40 4593 MF - -
PRC 40 4613 MF - -
SOUTH TRUST 40 4616 MF - -
SIGNET BANK 40 4617 MF - -
SANWA BANK 40 4624 MF - -
XXXXXXX XXXXX MA 40 4625 MF - -
NATIONAL CITY MA 40 4626 MF - -
A/C 3800 DEFERRED REVENUE
------------------------------------------------------------------------------------------------------------------------------------
CLIENT PROJECT BEG. BAL. MISC ADJ INVOICE REVENUE TOTAL 3800 TTL 1331 & 3800
SOUTH TRUST LOAN OPS 70 4545 PC (6,007.00) (6,007.00)
SOUTH TRUST T&M 70 4711 PC - - 9,990.19
FIDELITY T&M 70 4713 PC - - 5,550.00
LIBRARY OF CONGRESS 70 4723 - -
TOTAL 1331 157000 (7,520.00) - - - (6,007.00) 9,533.19
All Xxxxxxxx - Xxxxxxxxxx 00 0000 XX - -
XXX AMRO REP T&M 60 4716 PC - - - - - -
TOTAL 1331 156000 - - - - - -
SOUTHTRUST ARCHIVE 80 4657 PC - - 64,661.39
UNISYS CV 80 4682 PC (6,539.50) (16.75) 6,556.25 - 16.75
NATIONAL CITY CORP. 80 4687 PC - - 2,428.00
NCR MERCANTILE 80 4688 PC - - 41,413.49
MANUFACTURERS & TRADERS 80 4690 PC - - 38,558.09
UMB/FIDELITY Y2K 80 4694 PC - - 8,309.30
STK/HUNTINGTON 80 4696 PC - - 202,834.04
UNION PLANTERS 80 4697 PC (23,706.15) 3,705.06 (20,001.09) (20,001.09)
NCR TECHNOLOGY REFRESH 80 4700 PC (3.02) (3.02) (3.02)
COMERICA ARCHIVE FP
ENHANCE. 80 4703 PC (734.27) (734.27) (734.27)
UMB/FIDELITY CV UPGRADE 80 4707 PC (2,902.74) (2,902.74) (2,902.74)
FISERV/TNT CHECKVISION 80 4719 PC 0.00 0.00 0.00
FLEET ARCHIVE RECONF. 80 4721 PC (55,390.59) 171.23 (55,219.36) (55,219.36)
SOUTHTRUST ARCHIVE 80 4722 PC - - 20,000.00
XXXXXX XX XXXXXXXXXXXX 00 0000 XX - - -
XXXXXXXX ARCHIVE T&M 80 4737 PC - - 25,781.00
XXXXXX XX X&X 00 0000 XX - - -
XXXXX ARCHIVE T&M 80 4742 PC - - 28,803.00
XXXXXXX XX 00 0000 XX - - -
XXXXXXXX CV LICENSE 80 4744 PC - - -
TOTAL 1331 158000 (89,276.27) (16.75) - 10,432.54 (78,860.48) 353,944.58
FIDELITY MA. 40 4468 MF - (6,450.00) 6,450.00 - M -
UNITED MISSOURI BANK 40 4519 MF - (13,145.00) 13,145.00 - M -
PW / UNITED TECH 40 4521 MF - (13,578.00) 13,578.00 - M -
XXXXXX 40 4522 MF (84,064.64) 21,016.17 (63,048.47) (63,048.47)
LIBRARY OF CONGRESS 40 4523 MF - - M -
COMPUTER SCIENCES 40 4532 MF - (7,968.75) 7,968.75 - M -
XXXXXXX XXXXX MA 40 4533 MF - (3,833.00) 3,833.00 - M -
XxXXXXXXX XXXXXXX 40 4541 MF - (12,637.50) 12,637.50 - M -
XXXXX XXXXXXX FL MA 40 4568 MF (350.00) (6,913.65) 6,930.32 (333.33) M (333.33)
SIGNET BANKING CORP. 40 4584 MF (4,054.13) (4,054.17) 4,054.13 (4,054.17) (4,054.17)
SOUTH TRUST 40 4590 MF (10,500.00) 2,625.00 (7,875.00) (7,875.00)
FISERV/TNT CV MA 40 4593 MF (39,042.92) 9,760.73 (29,282.19) (29,282.19)
XXX 00 0000 XX (23,685.73) 5,732.37 (17,953.36) (17,953.36)
SOUTH TRUST 40 4616 MF - (4,187.50) 4,187.50 - M -
SIGNET BANK 40 4617 MF (54,337.50) 2,362.50 (51,975.00) (51,975.00)
SANWA BANK 40 4624 MF (10,727.10) 5,363.54 (5,363.56) (5,363.56)
XXXXXXX XXXXX MA 40 4625 MF - (14,520.00) 14,520.00 - M -
NATIONAL CITY MA 40 4626 MF (32,420.02) 5,403.33 (27,016.69) (27,016.69)
------------------------------------------------------------------------------------------------------------------------------------
ALYSIS TECHNOLOGIES
------------------------------------------------------------------------------------------------------------------------------------
UNBILLED AR & DEFERRED REVENUE
------------------------------------------------------------------------------------------------------------------------------------
Jun-00
------------------------------------------------------------------------------------------------------------------------------------
A/C 1331 UNBILLED AR
-----------------------------------------------------------------------------------------------------------------
CLIENT PROJECT BEG. BAL. MISC ADJ INVOICE REVENUE TOTAL 1331
-----------------------------------------------------------------------------------------------------------------
UNISYS MA 40 4627 MF - -
XXXXXX XX MA 40 4628 MF - -
CRESTAR CV 40 4635 MF - -
XXXXXX WIDE MA 40 4638 MF - -
UNION BANK 40 4639 MF - -
ABN AMRO CV 40 4640 MF - -
SOUTH TRUST 40 4647 MF - -
ABN AMRO REP 40 4653 MF - -
QUESTPOINT 40 4661 MF - -
BANK OF OKLAHOMA 40 4663 MF - -
COMERICA PH 1 40 4665 MF - -
SOUTH TRUST MA 40 4667 MF - -
FLEET IDEAL LOCKBOX 40 4668 MF - -
KEY SERVICES 40 4671 MF - -
FLEET ARCHIVE MA 40 4673 MF - -
XXXXX FARGO CV MA 40 4675 MF - -
CITIBANK MA. 40 4684 MF - -
THE NORTHERN TRUST REP MA. 40 4710 MF - -
MANUFACTURERS & TRAD 40 4725 MF - -
HUNTINGTON 40 4727 MF - -
UNION PLANTERS 40 4735 MF - -
TOTAL 1331 319000 - - - - -
TOTAL 373,775.72 16.50 (287,514.25) 369,097.28 455,375.25
A/C 3800 DEFERRED REVENUE
------------------------------------------------------------------------------------------------------------------------------------
CLIENT PROJECT BEG. BAL. MISC ADJ INVOICE REVENUE TOTAL 3800 TTL 1331 & 3800
UNISYS MA 40 4627 MF (28,875.00) 4,125.00 (24,750.00) (24,750.00)
XXXXXX XX MA 40 4628 MF (4,203.50) (4,203.50) 4,203.50 (4,203.50) (4,203.50)
XXXXXXX XX 00 4635 MF (42,000.00) 6,000.00 (36,000.00) (36,000.00)
XXXXXX WIDE MA 40 4638 MF (22,068.64) 5,517.17 (16,551.47) (16,551.47)
UNION BANK 40 4639 MF (47,960.00) 23,580.00 (24,380.00) (24,380.00)
ABN AMRO CV 40 4640 MF - (8,940.00) 4,470.00 (4,470.00) M (4,470.00)
SOUTH TRUST 40 4647 MF (100,500.00) 8,375.00 (92,125.00) (92,125.00)
ABN AMRO REP 40 4653 MF (2,860.30) (68,648.00) 5,720.62 (65,787.68) (65,787.68)
QUESTPOINT 40 4661 MF - (5,173.33) 5,173.33 - M -
BANK OF OKLAHOMA 40 4663 MF (34,040.00) 3,404.00 (30,636.00) (30,636.00)
COMERICA PH 1 40 4665 MF (244,885.67) 22,262.33 (222,623.34) (222,623.34)
SOUTH TRUST MA 40 4667 MF (79,916.66) 11,416.67 (68,499.99) (68,499.99)
FLEET IDEAL LOCKBOX 40 4668 MF - (7,086.00) 7,086.00 - M -
KEY SERVICES 40 4671 MF (45,675.00) 9,135.00 (36,540.00) (36,540.00)
FLEET ARCHIVE MA 40 4673 MF (160,875.00) 32,175.00 (128,700.00) (128,700.00)
XXXXX FARGO CV MA 40 4675 MF (10,937.50) 1,562.50 (9,375.00) (9,375.00)
CITIBANK MA. 40 4684 MF (140,700.00) 20,100.00 (120,600.00) (120,600.00)
THE NORTHERN TRUST REP MA. 40 4710 MF (71,815.62) 6,244.83 (65,570.79) (65,570.79)
MANUFACTURERS & TRAD 40 4725 MF (20,500.00) 4,750.00 (15,750.00) (15,750.00)
HUNTINGTON 40 4727 MF - - - -
UNION PLANTERS 40 4735 MF (584,589.32) 18,268.42 (566,320.90) (566,320.90)
TOTAL 1331 319000 (1,901,584.25) - (181,338.40) 343,137.21 (1,739,785.44) (1,739,785.44)
TOTAL (1,996,867.52) (16.75) (181,338.40) 353,569.75 (1,824,652.92) (1,369,277.67)
Defer rev 78,515.35
Monthly ma rev 99,962.73
Annually - earn 2,860.32
Amortized rev 240,314.16
Total maint rev 343,137.21
Schedule 3.2(g)
Intellectual Property Exceptions
None
Schedule 3.2(i)
Acquired Assets Title Exceptions
Except as otherwise noted in this Agreement as third party software and/or
equipment and any leased property, there are no exceptions.
Schedule 3.2(k)
Current List of Customers and Suppliers with Sales and Purchases During Last
Fiscal Year
Customers
-----------------------------------------------------------------------------------------------------------------------------
Customer Revenue
-----------------------------------------------------------------------------------------------------------------------------
ABN-AMRO $ 900,524
-----------------------------------------------------------------------------------------------------------------------------
Bank of California: Note: Union Bank Purchased Bank Of California -
-----------------------------------------------------------------------------------------------------------------------------
Bank of Montreal: X-Ref. Xxxxxx Bank 166,215
-----------------------------------------------------------------------------------------------------------------------------
Bank of Oklahoma 51,466
-----------------------------------------------------------------------------------------------------------------------------
Citibank 273,002
-----------------------------------------------------------------------------------------------------------------------------
Comerica 387,091
-----------------------------------------------------------------------------------------------------------------------------
Crestar 110,805
-----------------------------------------------------------------------------------------------------------------------------
First Union National Bank: Purchased QuestPoint/Corestates -
-----------------------------------------------------------------------------------------------------------------------------
Fiserv Solutions, Inc. 169,330
-----------------------------------------------------------------------------------------------------------------------------
Fleet Services 420,258
-----------------------------------------------------------------------------------------------------------------------------
Key Services 113,320
-----------------------------------------------------------------------------------------------------------------------------
Manufacturers and Traders Trust 277,638
-----------------------------------------------------------------------------------------------------------------------------
National City Corporation 219,046
-----------------------------------------------------------------------------------------------------------------------------
NCR 6,887,619
-----------------------------------------------------------------------------------------------------------------------------
The Northern Trust Company (Note: Certain Software Transferred To Fiserv) 76,984
-----------------------------------------------------------------------------------------------------------------------------
QuestPoint: Purchased by First Union National Bank 71,145
-----------------------------------------------------------------------------------------------------------------------------
Sanwa Bank 64,363
-----------------------------------------------------------------------------------------------------------------------------
Signet - X-Ref. Unisys 81,440
-----------------------------------------------------------------------------------------------------------------------------
Southtrust Data Services 731,618
-----------------------------------------------------------------------------------------------------------------------------
Storagetek (Huntington Bank) 1,731,147
-----------------------------------------------------------------------------------------------------------------------------
Systematics Financial Services -
-----------------------------------------------------------------------------------------------------------------------------
UMB Bank 404,799
-----------------------------------------------------------------------------------------------------------------------------
Union Bank of California: Purchased Bank Of California 312,760
-----------------------------------------------------------------------------------------------------------------------------
Union Planters Bank 1,767,782
-----------------------------------------------------------------------------------------------------------------------------
Unisys 105,050
-----------------------------------------------------------------------------------------------------------------------------
Unisys/Signet -
-----------------------------------------------------------------------------------------------------------------------------
Xxxxx Fargo Bank $ 29,688
-----------------------------------------------------------------------------------------------------------------------------
Suppliers
There are no material suppliers.
Schedule 3.2(l)
Agreements, Plans and Arrangements Relating to Acquired CheckVision Business
Employees
Employment contracts
--------------------
There are no employment contracts.
401(k), pension, welfare and other retirement agreements, plans and arrangements
--------------------------------------------------------------------------------
Reliastar 401(k)
Bonus, deferred compensation and profit-sharing agreements, plans and
---------------------------------------------------------------------
arrangements
------------
1992 Stock Option Plan
1996 Stock Option Plan
1998 Stock Purchase Plan
Severance agreements, plans and arrangements
--------------------------------------------
Alysis Severance Plan
Agreements, plans and arrangements under which "fringe benefits" are provided
(including, without limitation, vacation plans or programs, sick leave plans or
-----------------------------------------------------------
programs and related benefits)
------------------------------
United Healthcare - Medical POS
Xxxxxx Permanente - Medical HMO
Delta Dental
MetLife Long Term Disability
MetLife Short Term Disability
MetLife Life and AD&D
Vision Service Plan
Vacation
Sick Leave
Holidays (8)
Schedule 3.2(m)
Contract Exceptions
1. Seller is behind schedule in the Advanced Internet Application
2. ABN-AMRO: There is a $29,600, Change Order to Purchase Schedule #3
that has been delayed due to customer and Seller activities.
3. SouthTrust is currently paying maintenance on a monthly basis.
However, SouthTrust has expressed its opinion that Seller did not have
the right to renew maintenance on a month-to-month baiss.
Schedule 3.2(o)
Actions
None
Schedule 3.2(p)
Interest In Other Companies
None
Schedule 3.2(q)
Bank Accounts
None
Schedule 3.2(r)
Environmental Matters
None
Schedule 3.2(s)
Insurance Policies
Attached
INSURANCE SCHEDULE Prepared Especially for:
Alysis Technologies
Watergate Tower 1
0000 Xxxxxx Xxxxxx, Xxxxx 000
Xxxxxxxxxx, XX 00000
Dated: July 7, 2000
=============================== =============== =============================================================
Company Policy No. Term Coverage
=============================== =============== =============================================================
Federal Insurance 35310387 7/31/99-7/31/00 Commercial Package
------------------
Company (Chubb)
Property insurance including Boiler & Machinery
Coverage Limits
---------------
Blanket Personal Property including EDP Equipment & Media,
Valuable Papers
Blanket Business Interruption / Extra Expense Coverage
Service Interruption
Contingent Business Income
Accounts Receivable
Salesperson Samples
Flood
Personal Property in Transit
Personal Property at Unscheduled Locations
Personal Property at Exhibition
Deductibles (Per Occurrence)
----------------------------
All Perils, except
Flood
General Liability
General Aggregate Limit per
Location
Products - Completed Operations Aggregate
Personal & Advertising Injury Limit
Each Occurrence Limit
Fire Damage Legal Liability Limit
Medical Expense Limit
Electronics E&O each Occurrence
Electronics E&O Policy Aggregate
Deductible Per Claim
Retroactive Date - 7/31/92
Employee Benefits Liability
Aggregate
Employee Benefits Liability each Employee
Deductible (Per Claim)
Retroactive Date - 7/31/92
INSURANCE SCHEDULE Xxxxx Xxxxxxx & Co., Inc.
INSURANCE
00 Xxxxx Xxxxxx
Xxx Xxxx, XX 00000
(000) 000-0000 / (000) 000-0000
FAX (000) 000-0000
Dated: July 7, 2000
===================================== ============================ ==========================
Company Policy No. Limits Premium
===================================== ============================ ==========================
Federal Insurance 35310387 $36,565
Company (Chubb)
included
$3,600,000
$4,500,000
$ 500,000
$ 250,000
$ 100,000
$ 50,000
$1,000,000
$ 250,000
$ 200,000
$ 200,000
$ 10,000
$ 25,000
included
$2,000,000
$1,000,000
$1,000,000
$1,000,000
Included in Occurrence Limit
$ 10,000
$2,000,000
$2,000,000
$ 25,000
$2,000,000
$1,000,000
$ 1,000
This schedule is only a general description of coverage provided. For a detailed
description of the terms of a policy, you
INSURANCE SCHEDULE Prepared Especially for: Xxxxx Xxxxxxx & Co., Inc.
INSURANCE
Alysis Technologies 00 Xxxxx Xxxxxx
Xxxxxxxxx Xxxxx 0 Xxx Xxxx, XX 00000
0000 Xxxxxx Xxxxxx, Xxxxx 000 (212) 504-5823 / (000) 000-0000
Xxxxxxxxxx, XX 00000 FAX (000) 000-0000
Dated: July 7, 2000
================================= ================== =========================================== =============== ===============
Company Policy No. Term Coverage Limits Premium
================================= ================== =========================================== =============== ===============
Pacific Insurance ZG005489 7/31/99-7/31/00 Difference in Conditions $40,743
Company Difference in Conditions including
Earthquake, Flood & Sprinkler Leakage
Annual Aggregate Limit $5,000,000
Per Occurrence Limit $5,000,000
Deductible:
Flood $25,000
Earthquake 5% of Total
Values subject
to $25,000 min.
All Other Perils $100,000
Federal Insurance 7319-22-03 7/31/99-7/31/00 Business Auto $6,583
-------------
Company (Chubb)
Liability - Combined Single Limit $1,000,000
Medical Payments $5,000
Uninsured/Underinsured Motorist $1,000,000
Hired/Non-Owned Automobile $1,000,000
Liability
Physicla Damage
---------------
Comprehensive Deductible $1,000
Collision Deductible $1,000
Vehicle
-------
1994 Cheverolet Sport Van
Atlantic Mutual 400-71-69-9 7/31/99-7/31/00 Workers' Compensation $24,244
---------------------
Companies
Workers Compensation Coverage Statutory
Employers Liability Limit
Each Accident $1,000,000
Policy Limit $1,000,000
Each Employee $1,000,000
This schedule is only a general description of coverage provided. For a detailed
description of the terms of a policy, you must refer to the policy itself. In
the event of a conflict between this schedule and a policy, the policy will be
controlling.
Page 2 of 6
-----------
INSURANCE SCHEDULE Prepared Especially for: Xxxxx Xxxxxxx & Co., Inc.
INSURANCE
Alysis Technologies 00 Xxxxx Xxxxxx
Xxxxxxxxx Xxxxx 0 Xxx Xxxx, XX 00000
0000 Xxxxxx Xxxxxx, Xxxxx 000 (212) 504-5823 / (000) 000-0000
Xxxxxxxxxx, XX 00000 FAX (000) 000-0000
Dated: July 7, 2000
================================= ================== ============================================ =============== ===============
Company Policy No. Term Coverage Limits Premium
================================= ================== ============================================ =============== ===============
Federal Insurance TBA 3/15/00-3/15/01 Foreign Package $2,560
Company (Chubb)
00X Xx. Xxxxx Xxxxxx
Xxxxxx XX0X 0XX
Personal Property including EDP Equipment
& Media $ 50,000
General Liability
-----------------
General Aggregate Limit per $2,000,000
Location
Products - Completed Operations Aggregate $2,000,000
Personal & Advertising Injury Limit $1,000,000
Each Occurrence Limit $1,000,000
Fire Damage Legal Liability Limit $1,000,000
Medical Expense Limit $10,000
Employee Benefit Limit $1,000,000
Hired/Non-Owned Automobile Liability $1,000,000
Federal Insurance TBA 3/15/00-3/15/01 Foreign Employers Liability $825
---------------------------
Company (Chubb)
Limit of Indemnity $15,717,000 any one occurrence
arising out of one event inclusive
of costs
Federal Insurance 7978-25-37 7/31/99-7/31/00 Commercial Umbrella Liability $16,800
Company (Chubb)
Each Occurrence $10,000,000
General Aggregate $10,000,000
This schedule is only a general description of coverage provided. For a detailed
description of the terms of a policy, you must refer to the policy itself. In
the event of a conflict between this schedule and a policy, the policy will be
controlling.
INSURANCE SCHEDULE Prepared Especially for:
Alysis Technologies
Watergate Tower 1
0000 Xxxxxx Xxxxxx, Xxxxx 000
Xxxxxxxxxx, XX 00000
Dated: July 7, 2000
================== ================= ===================== =================================================================
Company Policy No. Term Coverage
================== ================= ===================== =================================================================
This schedule is only a general
description of coverage provided. For a
detailed description of the terms of a
policy, you must refer to the policy
itself. In the event of a conflict
between this schedule and a policy, the
policy will be controlling.
Hartford Insurance 10DDDLF6443 7/31/99-7/31/00 Commercial Crime
----------------
Company
Employee Dishonesty
Forgery or Alteration
Computer Fraud Coverage
Theft, Disappearance and Destruction, both Inside & Outside
Premises
Deductible: $25,000 except $1,000 for
Theft, Disappearance &
Destruction
Federal Insurance 8133-86-88 7/31/98-4/16/01 Fiduciary Liability
-------------------
Company (Chubb)
Limit of Liability
Deductible $0/$10,000
National Union 000-00-00 4/16/00-4/16/01 Directors & Officers Liability
------------------------------
Limit of Liability
Retention $0/$75,000/$250,000
(Securities claims)
Liberty Mutual 073354-010 4/16/00-4/16/01 Excess Directors & Officers Liability
-------------------------------------
Insurance Company
Limit of Liability
American Int'l 000-00-00 4/16/00-4/16/01 Employed Lawyers Professional Liability
---------------------------------------
Speccialty Lines
Insurance Company Limit of Liability
Deductible $10,000/$10,000
Xxxxx Xxxxxxx & Co, Inc
Insurance
00 Xxxxx Xxxxxx
Xxx Xxxx, XX 00000
(000) 000-0000 (000) 000-0000
FAX (000) 000-0000
=================== ================ ==============================
Company Limits Premium
=================== ================ ==============================
Hartford Insurance $7,359
Company
$2,000,000
Included
Included
$25,000
Federal Insurance $11,433
Company (Chubb)
$1,000,000
National Union $188,000
$10,000,000
Liberty Mutual $110,000
Insurance Company
$10,000,000
excess of
$10,000,000
American Int'l $3,500 + Tax +
Fees
Speccialty Lines
Insurance Company $1,000,000
Page 4 of 6
-----------
INSURANCE SCHEDULE Prepared Especially for:
Alysis Technologies
Watergate Tower 1
0000 Xxxxxx Xxxxxx, Xxxxx 000
Xxxxxxxxxx, XX 00000
Dated: July 7, 2000
================== ================= ======================== =================================================================
Company Policy No. Term Coverage
================== ================= ======================== =================================================================
This schedule is only a general description of
coverage provided. For a detailed description
of the terms of a policy, you must refer to
the policy itself. In the event of a conflict
between this schedule and a policy, the policy
will be controlling.
Federal Insurance 6408-27-70 11/18/99-11/18/00 Travel Accident
---------------
Company (Chubb)
Hazards Insured Against
-----------------------
Hazards arise out of and occur while "on the business of the
policyholder" as defined, the hazards insured against are all those to
which the Insured may be exposed during sojourn or travel to a point
or points located away from the premises of the policyholder in the
city of the Insured's permanent assignment.
Description of Persons Insured:
-----------------------------
All Active Full Time Employees On File With The Policyholder
(Business Travel)
Amount of Benefit:
-----------------
Aggregate per aircraft accident:
Coverage
--------
Accidental Loss of Life
Accidental Loss of Hand or Foot
Accidental Loss of Both Hands or Both Feet
Accidental Loss of Sight of One Eye
Accidental Loss of Sight of Both Eyes
Accidental Loss of Speech or Hearing
Accidental Loss of One Hand and One Foot
Accidental Loss of One Hand or One Foot
and Sight of One Eye
Accidental Loss of Thumb and Index Finger
Xxxxx Xxxxxxx & Co, Inc
Insurance
00 Xxxxx Xxxxxx
Xxx Xxxx, XX 00000
(000) 000-0000 (000) 000-0000
FAX (000) 000-0000
================== =============== ==============================
Company Limits Premium
================== =============== ==============================
Federal Insurance $3,947
Company (Chubb)
$100,000
$5,000,000
Amount of Benefit (Class One & Two)
----------------------------------
100%
50%
100%
50%
100%
100%
100%
100%
25%
INSURANCE SCHEDULE Prepared Especially for:
Alysis Technologies
Watergate Tower 1
0000 Xxxxxx Xxxxxx, Xxxxx 000
Xxxxxxxxxx, XX 00000
Dated July 7, 2000
================== ================= ======================== =================================================================
Company Policy No. Term Coverage
================== ================= ======================== =================================================================
This schedule is only a general description of
coverage provided. For a detailed description
of the terms of a policy, you must refer to
the policy itself. In the event of a conflict
between this schedule and a policy, the policy
will be controlling.
Xxxxx Xxxxxxx & Co, Inc
Insurance
00 Xxxxx Xxxxxx
Xxx Xxxx, XX 00000
(000) 000-0000 (000) 000-0000
FAX (000) 000-0000
=================== ============== ==============================
Company Limits Premium
================== =============== ==============================
Page 6 of 6
-----------
Schedule 3.2(t)
Powers of Attorney
None
Schedule 3.2(u)
Government Licenses
None
Schedule 3.2(w)
Infrastructure
See Schedules 2.2(f)(iv) and 3.2(e).
----------------------------------------------------------------------------------------------------------------------------
Data Transfer from seller to buyer
----------------------------------------------------------------------------------------------------------------------------
Product PC Name PC System Server Name Server System Other Other desc Comment Book Value
============================================================================================================================
CV/REP/CV/ triton WinNT transfer to vss
----------------------------------------------------------------------------------------------------------------------------
CV fs01 ultra 2 transfer to buyer
----------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------
CheckVision Equipment that must be purchased by buyer
----------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------
CV Remedy Ultra 10
----------------------------------------------------------------------------------------------------------------------------
Remit 3345 NCR MPRAS SVR4, v3.02, 512MB RAM, 8GB disk, RAID
----------------------------------------------------------------------------------------------------------------------------
RAID, source and build for CVS and GNU
----------------------------------------------------------------------------------------------------------------------------
Remit Globalyst 600 NCR OS/2 2.3, 32MB RAM, 4GB disk, monitor,
----------------------------------------------------------------------------------------------------------------------------
Remit Intel PC 133 MHz with Win 3.1, 32MB RAM, 4GB disk,
----------------------------------------------------------------------------------------------------------------------------
Remit Intel PC 333 MHz with Win NT, 64MB RAM, 6GB disk,
----------------------------------------------------------------------------------------------------------------------------
WV 9710 Tape Silo
----------------------------------------------------------------------------------------------------------------------------
REP Young Min CD Transporter
----------------------------------------------------------------------------------------------------------------------------
1/1
Schedule 4.5
Required Consents
UMB
Xxxxx Fargo Bank
Union Bank of California
Sanwa Bank
QuestPoint
Schedule 5.6
Retention Plan
Alysis had agreed to provide the following additional options to the Employee
Offerees.
Employee Offeree Options
----------------------------------------------------------------------------------------------
Xxxxxxxx, Xxxxxx
----------------------------------------------------------------------------------------------
Budidhipati, Xxxxxxx 5,000
----------------------------------------------------------------------------------------------
Xxxxxxxxxx, Xxxxx 12,000
----------------------------------------------------------------------------------------------
Chioma, Manny 5,000
----------------------------------------------------------------------------------------------
Xxxxxxxxxx, Xxxxxxx 10,000
----------------------------------------------------------------------------------------------
Xxxxx, Xxxxxxx 10,000
----------------------------------------------------------------------------------------------
Xxxxxx, Xxxxx 12,000
----------------------------------------------------------------------------------------------
Xxxxxx, Xxxx-I 6,000
----------------------------------------------------------------------------------------------
Xxxxx, Xxxxx 5,000
----------------------------------------------------------------------------------------------
Xxxxxxxx, Xxx 5,000
----------------------------------------------------------------------------------------------
Xxxxxxx, Xxxxxxxx 12,000
----------------------------------------------------------------------------------------------
Xxxxxx, Xxxxx 5,000
----------------------------------------------------------------------------------------------
Xxxxxx, Xxxxxx 5,000
----------------------------------------------------------------------------------------------
Xxxxxxxxxxx, Xxxxx 12,000
----------------------------------------------------------------------------------------------
Xxxxxxxxx, Xxxxxx 7,500
----------------------------------------------------------------------------------------------
Xxx, Xxxxx 20,000
----------------------------------------------------------------------------------------------
Xxxx, Xxxxx 25,000
----------------------------------------------------------------------------------------------
Xxx, Xxxxx 5,000
----------------------------------------------------------------------------------------------
In addition, Alysis agrees to amend its 1996 Stock Plan as follows.
ADDENDUM A
Amendments to the Alysis Technologies, Inc. 1996 Stock Plan for CheckVision
Employees
Notwithstanding anything to the contrary in the Alysis Technologies, Inc.
1996 Stock Plan, the following rules shall apply to designated CheckVision
Employees.
1. Definitions. As used herein, the following definitions shall apply:
(a) "Administrator" means the Board or any of its Committees as shall
be administering the Plan, in accordance with Section 4 of the Plan.
(b) "Alysis Employee" means any person, including Officers and
Directors, employed by the Company or any Parent or Subsidiary of the Company.
Neither service as a Director nor payment of a director's fee by the Company
shall be sufficient to constitute "employment" by the Company.
(c) "Alysis Options" means stock options granted to Alysis Employees
pursuant to the Plan.
(d) "Board" means the Board of Directors of the Company.
(e) "CheckVision Employees" means the group of Alysis Employees who
are terminated by the Company and accept employment with CSC as a result of the
Transaction.
(f) "Company" means Alysis Technologies, Inc., a Delaware
corporation.
(g) "CSC" means Computer Sciences Corp, a Nevada corporation.
(h) "Option Agreement" collectively refers to the Alysis
Technologies, Inc. Stock Option Agreement and each CheckVision Employee's
individually executed Notice of Grant of Stock Options and Option Agreement.
(i) "Plan" means the Alysis Technologies, Inc. 1996 Stock Plan.
(j) "Transaction" means the sale of the CheckVision product-line by
the Company to CSC.
2. Eligibility. CheckVision Employees must accept CSC's offer of
employment and commence such employment in a timely fashion to be eligible for
the special terms contained in this Addendum. Additionally, each CheckVision
Employee who wishes to accept the terms of this Addendum must give written
consent in the manner and time prescribed by the Administrator.
3. Term of Addendum. This Addendum A shall be effective from the date of
its adoption by the Board.
4. Vesting. Alysis Options granted to CheckVision Employees prior to the
close of the Transaction will vest as follows:
(a) CheckVision Employees maintaining continuous, full-time
employment with CSC will continue to vest in their Alysis Options according to
the following schedule. Twenty-five percent (25%) of the unvested Alysis Options
will vest at the end of each quarter year, such quarters to begin at the end of
the month in which the Transaction closes. At the end of four (4) quarters (the
"Four Vesting Quarters") all of the CheckVision Employees' unvested Alysis
Options will be 100% vested so long as
the individual CheckVision Employee maintains continuous, full-time employment
with CSC through that date.
(b) Should any CheckVision Employee be terminated by CSC for any
reason other than for cause prior to the end of the Four Vesting Quarters, such
employee's Alysis Options will become 100% vested on his or her CSC termination
date.
5. Exercise of Options. Alysis Options granted to CheckVision Employees
prior to the close of the Transaction will be exercisable as follows:
(a) CheckVision Employees maintaining full-time, continuous
employment with CSC through the Four Vesting Quarters may exercise their Alysis
Options as the Alysis Options vest until the earliet of three months after the
termination of employment with CSC or ten years from the grant date. This
applies to Alysis Options that vested prior to the closing of the Transaction
along with Alysis Options that vest in accordance with paragraph 4 above.
(b) Subject to the maxium term in the applicable option agreement,
CheckVision Employees terminating their employment with CSC (voluntarily or
involuntarily) prior to the expiration of the Four Vesting Quarters will have a
three-month period beginning on such employee's CSC termination date in which to
exercise any vested Alysis Options.
(c) Any and all Alysis Options not exercised by the end of the three-
month period beginning on the earlier of the CheckVision Employee's CSC
termination date will be permanently and irrevocably forfeited and revert to the
Plan.
6. Section 10(b) of the Plan. To the extent that the provisions in
Section 10(b) of the Plan contradict the terms set forth in this Addendum, this
Addendum shall control so long as the CheckVision Employee complies with the
eligibility requirements set forth in paragraph two (2) herein.
7. Modification. Any provision of the Plan not specifically modified by
this Addendum shall remain in full force and effect.
Schedule 9.1(a)
Acquired Employees
Xxxxxxxx, Xxxxxx
Budidhipati, Xxxxxxx
Xxxxxxxxxx, Xxxxx
Xxxxxx, Xxxxx
Xxxxxxxxxx, Xxxxxxx
Xxxxx, Xxxxxxx
Xxxxxx, Xxxxx
Xxxxxx, Xxxx-I
Xxxxx, Xxxxx
Xxxxxxxx, Xxx
Xxxxxxx, Xxxxxxxx
Xxxxxx, Xxxxx
Xxxxxx, Xxxxxx
Xxxxxxxxxxx, Xxxxx
Xxxxxxxxx, Xxxxxx
Xxx, Xxxxx
Xxxx, Xxxxx
Xxx, Jiang
