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Exhibit 10.14    
  


 
 

ASSIGNMENT AND ASSUMPTION AGREEMENT    
  


        This Assignment and Assumption Agreement (this "Assignment") is made and entered into as of August 15, 2000 (the "Effective Date") by and between Computer
Associates Pty Limited ("CA Australia" or "Assignor"), a company organized and existing under the laws of Australia and a subsidiary of Computer Associates International, Inc. ("CAI"), having
its principal place of business at 407 Pacific Highway, Artarmon, NSW 2064, and ACCPAC Australia Pacific, Inc. ("ACCPAC Australia" or "Assignee"), a company organized and existing under the
laws of California and a subsidiary of ACCPAC International, Inc. ("AI"), having its principal place of business at Suite 3, 4 Charles Street, Petersham NSW 2049, Sydney, Australia. 


RECITALS  


        WHEREAS, Smart Business Systems Pty Ltd, Cathryn Louise Holz and David Holden (collectively, "Original
Seller") and CA Australia are parties to that certain Asset Purchase Agreement dated as of October 20, 2000 (as the same may have been amended from time to time, the "Original Agreement"),
under which CA Australia acquired certain Purchased Assets (as defined in the Original Agreement) and received certain representations and warranties regarding such Original Seller and the Purchased
Assets, subject to certain covenants and agreements as set forth in the Original Agreement; 


        WHEREAS, all consideration for CA Australia's purchase of the Purchased Assets under the Original Agreement was funded by AI, an affiliate
of CA Australia, with the intent that CA Australia after the closing of the purchase transaction would assign all of its right, title and interest in the Purchased Assets and under the Original
Agreement to ACCPAC Australia; and 


        WHEREAS, the parties hereto desire that all of the rights, title and interest of CA Australia in the Purchased Assets and under the
Original Agreement be assigned by CA Australia to ACCPAC Australia in accordance with the terms and conditions of this Assignment. 


AGREEMENT  


        NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and agreements contained herein, the
parties agree as follows: 


        1.    Assignment, Assumption; and License.    Subject to the provisions set forth herein, as of the Effective Date: 



        (a)  CA
Australia hereby assigns, transfers, conveys, delivers and relinquishes exclusively to ACCPAC Australia, and shall cause each of its subsidiaries (collectively, the
"Subsidiaries"), to assign, transfer, convey, deliver and relinquish exclusively to ACCPAC Australia, and ACCPAC Australia hereby accepts from CA Australia and the Subsidiaries: 



          (i)  all
of CA Australia's and the Subsidiaries' respective right, title and interest (A) acquired by CA Australia or any of the Subsidiaries pursuant to the Original
Agreement, and (B) in and to the Purchased Assets ((A) and (B), collectively, the "Assigned Assets"); and 


        (ii)  all
of CA Australia's and the Subsidiaries' respective rights (A) under the Original Agreement and (B) in and to all causes of actions and chooses in action
pertaining to or associated with the Assigned Assets. 




        (b)  ACCPAC
Australia hereby assumes and agrees faithfully to perform and fulfill all liabilities and obligations (whether absolute, accrued, contingent or otherwise and
whether due or to become due) relating to, arising out of or resulting from the Original Agreement, including 



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those arising out of or resulting from all intellectual property assigned hereunder (the "IP"), but expressly excluding those relating to, arising out of or resulting from the Excluded IP (as defined
below), at any time prior to, on or after the Effective Date hereof, regardless of when or where such liabilities and obligations arose or arise or whether the facts on which they are based occurred
prior to or subsequent to the Effective Date hereof, regardless of where or against whom such liabilities and obligations are asserted or determined or whether asserted or determined prior to the
Effective Date hereof, except for liabilities and obligations arising from, or alleged to arise from, negligence, recklessness, violation of law, fraud or misrepresentation by CA Australia or the
Subsidiaries or any of their respective directors, officers, employees or agents. 


        (c)  ACCPAC
Australia hereby grants a worldwide, perpetual, non-exclusive, royalty free license, without the right to sublicense, to CAI and its subsidiaries to
use any and all of the IP, including any present and future versions, bug-fixes or updates thereto, for CAI's and its subsidiaries' respective non-commercial, internal use
only. In the event that ACCPAC Australia is required, pursuant to a binding legal agreement in force and effect as of the Effective Date hereof, to make any royalty or license payment to third parties
as a result of this license to CAI and its subsidiaries, CAI shall reimburse ACCPAC Australia for any such royalty or license payments made by ACCPAC Australia to any third party. The license granted
to CAI and its subsidiaries hereunder, which is for non-commercial, internal use only, does not include any right to exploit or use any trademark or service mark that is part of the IP or
use any portion of the IP in any development or products of CAI or its subsidiaries for external commercial use. 




        2.    Title.    As between CA Australia and ACCPAC Australia, and subject to the provisions of this Assignment, as of
the Effective Date: 



        (a)  Ownership
of the IP and all enhancements, modifications, derivative works and new versions thereof developed by or on behalf of ACCPAC Australia shall be vested and
shall thereafter remain vested in ACCPAC Australia; 


        (b)  Each
party shall retain ownership of all of its pre-existing software programs that may be or were merged or combined with the IP (the "Excluded IP'). 




        3.    Further Conveyance Assurances.    Each party hereby agrees, upon request by the other party, to execute and
deliver such further conveyance instruments and take such further actions as may be necessary or desirable to evidence more fully the transfer or granting of rights and/or licenses, as applicable,
herein. 


        4.    Representations and Warranties.    



        (a)  The
parties expressly acknowledge and agree that the rights, title and interest in and to the Assigned Assets conveyed by CA Australia to ACCPAC Australia herein shall
be equivalent and limited in scope, to the rights, title and interest in and to the Assigned Assets conveyed by the Original Seller to CA Australia pursuant to the Original Agreement. 


        (b)  THE
IP IS PROVIDED BY CA AUSTRALIA AND ITS SUBSIDIARIES "AS IS" WITHOUT WARRANTY OF ANY KIND TO THE MAXIMUM EXTENT PERMISSIBLE AT LAW, CA AUSTRALIA AND ITS SUBSIDIARIES
DISCLAIM ALL WARRANTIES, WHETHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO, THE WARRANTIES OR MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. THE PARTIES
ACKNOWLEDGE THAT ALL REPRESENTATIONS AND WARRANTIES RELATING TO THE ASSIGNED ASSETS AND IP ARE CONTAINED IN THE ORIGINAL AGREEMENT BEING ASSIGNED HEREUNDER. 



        (c)  IN
NO EVENT WILL EITHER PARTY BE LIABLE TO THE OTHER FOR ANY INCIDENTAL, INDIRECT OR CONSEQUENTIAL DAMAGES HOWEVER ARISING, EVEN 



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IF THE OTHER PARTY HAS BEEN ADVISED IN ADVANCE OF THE POSSIBILITY OF SUCH DAMAGES ARISING OUT OF THIS ASSIGNMENT. 




        5.    General Provisions.    



        (a)    Amendment.    This Assignment may not be amended or modified except by an instrument in writing signed by both
parties. 


        (b)    Headings.    The headings contained in this Assignment are for reference purposes only and shall not affect in
any way the meaning or interpretation of this Assignment. 


        (c)    Severability.    If any term or other provision of this Assignment is invalid, illegal or incapable of being
enforced by any rule of law or public policy, all other conditions and provisions of this Assignment shall nevertheless remain in full force and effect so long as the transactions contemplated hereby
are not affected in any manner materially adverse to either party. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties shall
negotiate in good faith to modify this Assignment so as to effect the original intent of the parties as closely as possible in an acceptable manner to the end that transactions contemplated hereby are
fulfilled to the extent possible. 


        (d)    Entire Agreement.    This Assignment constitutes the entire agreement between the parties and supersedes all
prior and contemporaneous agreements and undertakings, both written and oral, between the parties with respect to the subject matter hereof. 


        (e)    Governing Law.    This Assignment and the rights and obligations of the parties hereunder shall be construed in
accordance with and governed by the law of the State of New York, without giving effect to the conflict of law principles thereof. 



        (f)    Counterparts.    This Assignment shall become effective upon execution by both parties. This Assignment may be
executed in one or more counterparts, and by the parties in separate counterparts,
each of which when executed shall be an original but all of which when taken shall constitute one and the same agreement. 




        IN WITNESS WHEREOF, CA Australia and ACCPAC Australia have caused this Assignment to be executed as of the date first written above by
their respective persons thereunto duly authorized. 



	Computer Associates Pty Limited	 	ACCPAC Australia Pacific, Inc.
	

By:	
 	

/s/  STEVEN M. WOGHIN      
	
 	

By	
 	

/s/  DAVID M. HOOD      

	Name:	 	Steven M. Woghin	 	Name:	 	DAVID M. HOOD
	Title:	 	Director	 	Title:	 	President & CEO
	Date:	 	August 15, 2001	 	Date:	 	August 14, 2001




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Exhibit 10.14


ASSIGNMENT AND ASSUMPTION AGREEMENT