ACQUISITION AGREEMENT BETWEEN COREL HOLDINGS, L.P. AND VECTOR CC ACQUISITIONS INC. AND COREL CORPORATION June 6, 2003 INTERPRETATION THE TRANSACTION PUBLICITY AND PROXY SOLICITATION REPRESENTATIONS AND WARRANTIES OF COREL REPRESENTATIONS AND...Agreement • June 24th, 2003 • Corel Corp • Services-prepackaged software • Ontario
NOW THEREFORE in consideration of the mutual covenants and agreements contained in this Agreement and other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), the parties agree as follows:
Corel and Vector Capital Sign Acquisition Agreement Ottawa, Canada and San Francisco, CA June 6, 2003Corel Corp • June 24th, 2003 • Services-prepackaged software
Corel Corporation (NASDAQ: CORL, TSX: COR) and Vector Capital Corporation today announced that Corel Corporation ("Corel") and an affiliate of Vector Capital Corporation ("Vector") have entered into a definitive Acquisition Agreement (the "Agreement") providing for the acquisition by Vector of all of the outstanding common shares of Corel pursuant to a court-approved Plan of Arrangement (the "Arrangement"). If the Arrangement is approved by the court and the shareholders, Corel's shareholders will receive, subject to the conditions of closing, US$1.05 in cash for each common share held which will include all common shares which may become outstanding on the exercise of options, warrants and other securities exercisable for, convertible into or exchangeable for common shares. Upon the completion of the Arrangement, Vector and its affiliates will own all of the outstanding shares of Corel.
