Exhibit 10.20

AMENDMENT NO. 1
TO
STOCK PURCHASE AGREEMENT
BY AND AMONG
UNIFY CORPORATION,
ACUITREK, INC.
AND
DANIEL ROMINE AND CARRIE ROMINE

          This Amendment No. 1 (the “Amendment”) to Stock Purchase Agreement
dated as of February 2, 2005 (the “Agreement”) is made as of November 20, 2006
by and among Unify Corporation (“Unify” or the “Company”), Acuitrek, Inc.
(“Acuitrek”) and Daniel Romine and Carrie Romine (each a “Seller” and
collectively the “Sellers”).  Capitalized terms not otherwise defined shall have
the meaning set forth in the Agreement.  Unify, Sellers and Acuitrek are
collectively referred to herein as the “Parties”.

RECITALS

          A.          On February 2, 2005, the Parties entered into the
Agreement pursuant to which Unify acquired all of the outstanding shares (the
“Shares”) of capital stock of Acuitrek from the Sellers.

          B.          Pursuant to Article II of the Agreement, at the Closing,
Unify to paid to Sellers the amount of $455,000 (consisting of $205,000 in cash
and $250,0000 in Unify common stock) for the Shares.  In addition, under the
Agreement Unify agreed to pay to Daniel Romine, as compensation for services, an
additional $1,100,000 in “Retention Earn-Out Payments”, subject to certain
conditions including the continued employment of Daniel Romine with Unify.  As
of the date hereof, Unify has paid to the Sellers a total of $366,666 in
Earn-Out Payments pursuant to the Agreement.

          C.          The allocation of consideration in the Agreement as
between consideration for the Shares and the Earn-Out Payments was arrived at
among the Parties on the understanding that Acuitrek and the related insurance
risk management business of Unify (the “Business”) would continue to be held by
Unify for at least the three (3) year period for the Earn-Out Payments.

          D.          On September 13, 2006, Unify entered into an agreement
(the “Sale Agreement”) to sell, subject to certain conditions, Acuitrek and the
“Business” (the “Sale”).  Pursuant to the Sale Agreement, at the time of the
closing of the Sale, Daniel Romine will voluntarily resign as an employee of
Unify.

          E.          The timing of the Sale is inconsistent with the
understanding of the Parties that was the basis for allocation of consideration
under the Agreement as between consideration for the Shares and consideration
for the Earn-Out Payments.  Due to that inconsistency, the Parties desire,
pursuant to Section 9.3 of the Agreement, to amend the terms of the Agreement as
provided in this Amendment No. 1.

NOW, THEREFORE, the Parties agree as follows:

AGREEMENT

 

1.

Effect of Amendment.  This Amendment, which has been duly executed and delivered
by each of the Parties, will, to the extent set forth herein, amend the terms of
the Agreement.  Unless explicitly amended by this Amendment, the terms and
conditions of the Agreement remain in full force and effect.

 

 

 

 

2.

Amendment of Earn-Out Payments.  At a closing of the Sale pursuant to the Sale
Agreement and subject to Daniel Romine’s voluntary resignation as an employee of
Unify, as set forth in Section 4 below, Sections 2.4 and 2.5 of the Agreement
shall be deleted in their entireties and replaced with the following:

 

 

 

 

 

“If prior to the end of the three (3) year period commencing on the Closing
Date, there is any sale by Purchaser of Acuitrek and the related insurance
business of Purchaser, Unify shall pay to the Sellers as additional
consideration for the Shares $733,334 which shall be paid as follows:

 

 

 

 

 

a)

On or before the fifth calendar day after the closing date of the Sale, Unify
shall pay to Sellers $366,667 in cash.

 

 

b)

On or before August 3, 2007, Unify shall pay to Sellers $183,334 in cash.

 

 

c)

On or before November 2, 2007, Unify shall pay to Sellers $183,333 in cash. 
Unify reserves the right, at its sole discretion, to satisfy this obligation in
whole or in part by issuing to Sellers fully registered shares of Purchaser’s
Common Stock of equal value pursuant to Section 2.6 of the Agreement, except the
ninety (90) day weighted average closing price period shall be changed to be a
thirty (30) day weighted average closing price period.

 

 

 

 

 

3.

Tax Treatment of Payments.  Any payments made by Unify to Sellers pursuant to
Section 2 hereof shall be treated by all parties for U.S. Federal and state
income tax purposes as additional payments by Unify for the Shares and not as
compensation to Daniel Romine.  The parties hereto shall, simultaneously with
the execution and delivery of this Amendment, execute and deliver a Tax
Indemnity Agreement in substantially the form attached hereto as Exhibit A.

 

 

 

 

4.

Resignation by Daniel Romine.  As a condition to and effective upon a closing of
the Sale pursuant to the Sale Agreement, Daniel Romine will resign from his
employment with Unify and execute and deliver to Unify a Resignation Agreement
in substantially the form attached hereto as Exhibit B.

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          IN WITNESS WHEREOF, each of the parties has executed this Amendment
No. 1 as of the date set forth above.

UNIFY CORPORATION

 

 

 

 

 

 

 

 

 

 

By:

/s/ Todd E. Wille

 

/s/ Daniel Romine

 

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Name:

Todd E. Wille

 

DANIEL ROMINE

Title:

President and CEO

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ACUITREK, INC.

 

 

 

 

 

 

 

 

 

 

By:

/s/ Daniel Romine

 

/s/ Carrie Romine

 

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Name:

Daniel Romine

 

CARRIE ROMINE

Title:

President

 

 

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EXHIBIT A
FORM of TAX INDEMNITY AGREEMENT

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EXHIBIT B
FORM of RESIGNATION AGREEMENT

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