Exhibit 10.2

 

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September 24, 2008

 

 

 

 

 

To:

 

Lehman Brothers. Inc. acting as Agent

 

Via Messenger, Fax and Email

 

 

Lehman Brothers OTC Derivatives Inc.

 

 

 

 

Transaction Management

 

 

 

 

745 Seventh Avenue, 28th Floor

 

 

 

 

New York, New York  10019

 

 

 

 

Attn:  Documentation Manager

 

 

 

 

 

 

 

Cc:

 

Debbie Dymersky

 

 

 

 

Martin Winter

 

 

 

 

Conrad Bahlke

 

 

 

 

Stephen Roti

 

 

 

 

Marcus Weickel

 

 

 

 

Andrew Yare

 

 

 

 

 

 

 

 

 

Re:  Confirmation dated July 15, 2008, between Lehman Brothers OTC Derivatives
Inc. and Lawson Software, Inc.

 

 

 

 

 

Notice of Early Termination Date

 

Ladies and Gentlemen:

 

We refer to the Confirmation dated July 15, 2008 (the “Confirmation”), entered
into between Lehman Brothers OTC Derivatives Inc. (“Party A”) and Lawson
Software, Inc. (“Party  B”). Capitalized terms used herein but not defined
herein have the meaning assigned in the Confirmation.

 

We hereby notify you of an Event of Default pursuant to Section 5(a)(iii)(1) of
the Agreement, due to Party A’s failure to Transfer the Delivery Amount by
September 24, 2008, as identified in our notice dated September 19, 2008.

 

As a result of such Event of Default, pursuant to Section 6(a) of the Agreement,
Party B as the non-defaulting party hereby designates September 24, 2008 as the
“Early Termination Date” in respect of the Transaction.

 

Pursuant to the Credit Support Annex, Party B will withdraw all cash and
financial assets in the Securities Account on September 25, 2008.  As soon as
reasonably practicable, Party B will provide Party A with a statement of the
calculation of Party B’s loss under the Agreement made pursuant to
Section 6(e) of the Agreement.

 

Nothing contained in this letter shall be deemed to waive, release or impair any
right or remedy which the undersigned may have pursuant to the above referenced
agreements or which are otherwise available at law or equity, all of which are
expressly retained by the undersigned.

 

 

Sincerely,

 

Lawson Software, Inc.

 

 

By

/s/ Heidi A. Weiler

 

 

Heidi A. Weiler

 

 

V.P. Global Tax & Treasury

 

 

--------------------------------------------------------------------------------

 

September 25, 2008

 

To:

 

Debbie Dymersky

 

Via Fax and Email

 

 

 

 

 

From:

 

Lawson Software, Inc.

 

 

 

 

 

 

 

Re:

 

Wire Transfer Instructions

 

 

 

Ladies and Gentlemen:

 

Lawson hereby approves and instructs you to immediately transfer the
$9,075,264.51 in the Lawson Software, Inc. account 938-90306-11-200 pursuant to
the wire instructions below:

 

Transfer from:

Lawson Software

Accnt #: 938-90306-11-200

 

Transfer to:

Lawson Software Americas, Inc.

Accnt #: 30630855

Citibank N A

ABA #: 021000089

 

 

Sincerely,

 

Lawson Software, Inc.

 

 

By

/s/ Bruce B. McPheeters

 

 

Bruce B. McPheeters

 

 

Senior Vice President and Secretary

 

 

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To:

 

Debbie Dymersky - (646-758-3693)

 

 

 

 

Martin Winter - (212-759-5532)

 

 

 

 

Conrad Bahlke - 212-310-8007

 

 

 

 

Stephen Roti - (917-522-0561)

 

 

 

 

Marcus Weickel - (646-834-2928)

 

 

 

 

Andrew Yare - (646-885-9546)

 

 

 

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