EFFECTIVE DATE: NOVEMBER 17, 2000 EXHIBIT 99.3 VERSATA, INC. STOCK OPTION ASSUMPTION AGREEMENT Dear [Verve Optionee]: As you know, on November 17, 2000 (the "Closing Date") Versata, Inc. ("Versata") acquired Verve, Incorporated ("Verve") (the...Stock Option Assumption Agreement • October 4th, 2001 • Versata Inc • Services-prepackaged software
As you know, on November 17, 2000 (the "Closing Date") Versata, Inc. ("Versata") acquired Verve, Incorporated ("Verve") (the "Acquisition"). In the Acquisition, each share of Verve common stock was exchanged for 0.4076114 of a share of Versata common stock (the "Exchange Ratio"). On the Closing Date you held one or more outstanding options to purchase shares of Verve common stock granted to you under the Verve Stock Option Plan (the "Plan") and documented with a Stock Option Agreement(s) and/or Notice(s) of Grant of Stock Option (collectively, the "Option Agreement") issued to you under the Plan (the "Verve Options"). In accordance with the Acquisition, on the Closing Date Versata assumed all obligations of Verve under the Verve Options. This Agreement evidences the assumption of the Verve Options, including the necessary adjustments to the Verve Options required by the Acquisition.
EXHIBIT 99.2 FORM OF STOCK OPTION AGREEMENT VERVE, INCORPORATED (the "Company"), desiring to afford an opportunity to the Grantee named below to purchase certain shares of common stock without par value, of VERVE, INCORPORATED OF CALIFORNIA, to...Stock Option Agreement • October 4th, 2001 • Versata Inc • Services-prepackaged software • California
