Document:

Cambrian Deed of Option Grant for a Certain Employee

 DATED 15 August 2008 

CAMBRIAN MINING PLC 
 – and – 
 ABRAHAM JONKER 

 
  

DEED OF OPTION GRANT 
  

 

 THIS DEED OF OPTION GRANT is dated 15 August 2008 

PARTIES: 
  

	(1)	 CAMBRIAN MINING PLC (Registered No 4010083) whose registered office is at 2nd Floor, 27 Albemarle Street, London W1S 4DW (the “Grantor”); and 

 

	(2)	ABRAHAM JONKER (address omitted) (“Option Holder”). 

 BACKGROUND: 
 The Grantor has agreed to grant options to the Option Holder to subscribe for
ordinary shares in the capital of the Grantor upon the terms and subject to the conditions appearing in this Deed. 
 THIS DEED provides:

  

	1.	DEFINITIONS AND INTERPRETATION 

  

	1.1	In this Deed, the following definitions and rules of interpretation apply: 

 “AIM” means the AIM Market of the London Stock Exchange. 

“Board” means the directors for the time being of the Grantor present at a duly convened and quorate meeting of the
directors or of a committee of the directors duly appointed for the purpose in question. 
 “Business Day” means
a day, other than a Saturday or Sunday, on which banks are open for ordinary business in London. 
 “Exercise
Period” means the period referred to in clauses 2.3 and 2.4. 
 “London Stock Exchange” means London
Stock Exchange plc. 
 “Options” means the options to subscribe for Shares of the Grantor granted pursuant to
clause 2. 
 “Shares” means ordinary shares of 20p each in the capital of the Grantor having the rights set out
or referred to in the articles of association of the Grantor as amended from time to time. 
  

	1.2	Any reference to a statute or statutory provision is a reference to it as it is in force for the time being and includes any subordinate legislation for the time being
in force made under it. 

  

	1.3	Unless the context otherwise requires: 

  

	1.3.1	words in the singular include the plural and words in the plural include the singular; 

 

	1.3.2	words denoting any gender include all other genders; 

  
  

(-1-) 

	1.3.3	any reference to “persons” includes individuals, bodies corporate, companies, partnerships, unincorporated associations, firms, trusts and all other
legal entities; 

  

	1.3.4	any reference to a party is to a party to this Deed. 

  

	1.4	Clause headings are for convenience only and do not affect the interpretation of this Deed. Any reference to a clause, sub-clause, paragraph or schedule is to the
relevant clause, sub-clause, paragraph or schedule of this Deed. The schedule to this Deed shall for all purposes form part of this Deed. 

  

	2.	GRANT OF OPTIONS 

  

	2.1	The Grantor hereby grants to the Option Holder an option to subscribe for 510,000 Shares subject to the vesting schedule set out in 2.3 below. 

 

	2.2	Subject to any adjustment pursuant to clause 4.1, the price at which the Option shall be exercisable shall be £2.60 per Share, payable in full upon exercise.

  

	2.3	The Options granted pursuant to clause 2.1 shall vest: 

  

	 	(i)	170,000 on 15 August 2009 

  

	 	(ii)	170,000 on 15 August 2010 

  

	 	(iii)	170,000 on 15 August 2011 

 and
once vested shall be exercisable in whole or in part at any time prior to and including 31 July 2012. To the extent that such Options have not been exercised by such date, or have not been exercised pursuant to and in accordance with clauses
6.1.1, 6.1.2 or 6.1.3, they shall lapse (subject to clause 2.4 below). 
  

	2.4	In the event that the Option Holder is in possession of relevant price sensitive information or is restricted from dealing pursuant to the provisions of the AIM Rules
or Model Code as set out in Chapter 9 of the Listing Rules of the London Stock Exchange or by any other applicable law or regulation and is thereby precluded from exercising the Option or any part thereof immediately prior to the expiry of the
Exercise Period, then the Exercise Period shall be deemed to be extended until the date which falls 10 Business Days after the later of the date on which the Option Holder ceases to be an insider (as defined in the Criminal Justice Act 1993 and the
Financial Services and Markets Act 2000) or the date on which the close period (as defined in the AIM Rules) ends or is otherwise no longer prohibited. 

  

	2.5	If an Option Holder dies, his personal representative may exercise any of his vested Options (subject to clause 3) in whole or in part within 12 months of death. Any
Options which have not been exercised on the expiry of that period shall lapse. 

  

	3.	EXERCISE OF OPTIONS 

  

	3.1	 The Options shall be exercised in whole or in part at any time and from time to time during the Exercise Period by giving to the secretary of the
Grantor a written notice exercising the Option (in the form of the notice of exercise set out in the Schedule) signed on behalf of the Option Holder specifying the number of Shares in respect of which the Options are to be exercised and accompanied
by a cheque or bankers’ 

  
  

2 

	 	 
draft for the aggregate exercise price of the Shares in respect of which the Options are being exercised. Upon such exercise the Grantor shall issue to the Option Holder (or its nominee) the
Shares in respect of which the Options have been exercised within 5 Business Days of receipt by the Grantor of the notice of exercise. Such Shares shall on issue rank pari passu in all respects with the Grantor’s existing ordinary shares save
as regards any rights attaching by reference to a record date prior to the receipt of the relevant notice of exercise. The Grantor shall make application for the Shares so issued on exercise of the Options to be admitted to trading on AIM with
effect from the earliest practicable date after the date of issue and for listing of the Shares on all other stock exchanges (if any) on which its other issued ordinary share capital is then listed with effect from the earliest possible date after
the date of issue. 

  

	3.2	The Board may prescribe that if the Grantor is liable to pay or account for Taxation in respect of the exercise of an Option, the exercise of that Option shall be
conditional upon the agreement of the relevant Option Holder to either: 

  

	 	(i)	pay to the Grantor such sum or sums as is or are, in the opinion of the Grantor and as notified to the Option Holder by the Grantor, sufficient to indemnify the Grantor
in full against the amount of Taxation (excluding for the avoidance of doubt employer’s secondary Class 1 national insurance contributions) to be so paid or accounted for; or 

 

	 	(ii)	take such alternative steps or make such alternative arrangements to reimburse the Grantor for the relevant amount of Taxation (excluding for the avoidance of doubt
employer’s secondary Class 1 national insurance contributions) to be so paid or accounted for as the Grantor and the Option Holder may agree, provided that in the absence of any other such steps or arrangements being made, the Grantor shall
have the right to retain, out of the aggregate number of Shares to which the Option Holder would otherwise be entitled upon the exercise of the Option, such number of Shares as in the opinion of the Grantor will enable the Grantor (or agent
instructed by the Grantor) to sell as agent for the Option Holder (at the best price which can reasonably be expected to be obtained at the time of sale) and to keep sufficient monies out of the net proceeds of sale, after deduction of all fees
commissions and expenses incurred in relation to such sale, to satisfy the Option Holder’s liability under Rule 3.2(i). 

 In consideration of such agreement the Grantor undertakes to pay or to procure that the relevant Option Holder shall pay such Taxation to the relevant Taxation Authority without delay upon such Taxation
becoming due and payable (or as soon as reasonably practicable having been put in funds as described at 3.2(i) and 3.2(ii) above, if later). 
  

	3.3	The Grantor shall at all times keep available sufficient of its authorised but unissued ordinary share capital and shall procure that the directors of the Grantor shall
be authorised to issue and allot sufficient shares free from statutory pre-emption rights, to satisfy the valid exercise of the Options granted under this Deed. 

  
  

3 

	4.	ALTERATIONS IN THE SHARE CAPITAL OF THE GRANTOR 

  

	4.1	In the event of any issue of shares of whatever class or other security of the Grantor to shareholders by way of capitalisation of reserves or profits (other than a
capitalisation issue in lieu of a cash dividend where the value of the Shares issued in lieu of the cash dividend is equal to the amount of the dividend foregone) or any sub-division or consolidation or reduction of the ordinary share capital of the
Grantor, the nominal amount and the number of Shares then still subject to the Options (including any part of the Options exercised but in respect of which Shares have not yet been allotted) and/or the exercise price under the Options shall be
adjusted to such extent (if any) as the auditors for the time being of the Grantor certify in writing to the Grantor and the Option Holder to be in their opinion fair and reasonable in consequence of such event but so that no adjustment to the
exercise price shall be such that it would thereby be reduced to a price per Share below the nominal value of each Share. In the event of an issue by the Grantor of securities by way of rights of issue or other pre-emptive issue of shares (a
“Share Issue”) the Grantor shall also give sufficient notice to the Option Holder of such Share Issue so as to enable the Option Holder to exercise such number of Options as they so wish in order that the Option Holder may
participate in the Share Issue as a shareholder of the Grantor. 

  

	4.2	Any adjustments to the Options made pursuant to this clause shall be notified to the Option Holder by the Grantor. 

 

	5.	ASSIGNMENT 

 This Option
Deed or any part or number of Options granted hereunder are not assignable. 
  

	6.	COVENANTS 

  

	6.1	So long as the Options remain exercisable in whole or in part: 

  

	6.1.1	if at any time an offer or invitation is made by the Grantor to the holders of the Shares for the purchase by the Grantor of any of its shares, the Grantor shall
simultaneously give notice thereof to the Option Holder and the Option Holder shall be entitled, at any time whilst such offer or invitation is open for acceptance, to exercise its subscription rights so as to take effect as if it had exercised its
rights immediately prior to the record date of such offer or invitation; 

  

	6.1.2	 if at any time an offer is made to all holders of Shares (or all holders of Shares other than the offeror and/or any company controlled by the offeror
and/or persons acting in concert with the offeror) (as such term is defined in the City Code on Takeovers and Mergers) to acquire the whole or any part of the issued share capital of the Grantor and the Grantor becomes aware that as a result of such
offer the right to cast a majority of the votes which may ordinarily be cast on a poll at a general meeting of the Grantor has or will become vested in the offeror and/or such persons or companies as aforesaid, the Grantor shall give notice to the
Option Holder within 10 Business Days of its becoming so aware, and the Option Holder shall be entitled, at any time whilst such offer is open for acceptance, to exercise its subscription rights so as to take effect as if it had exercised its rights
immediately prior to the record date of such offer. Publication of a scheme of arrangement under the 

  
  

4 

	 	 
Companies Act 2006 providing for the acquisition by any person of the whole or any part of the issued share capital of the Grantor shall be deemed to be the making of an offer for the purposes of
this sub-clause; 

  

	6.1.3	if an order is made or an effective resolution is passed for winding up the Grantor (except for the purpose of reconstruction, amalgamation or merger on terms
sanctioned by the Option Holder in which case the Option Holder shall be entitled to be granted by the reconstructed, amalgamated or merged company a substituted Option of the value of the Options immediately prior to such reconstruction,
amalgamation or merger), the Option Holder shall (if, in such winding up and on the basis that the Options to the extent then unexercised had been exercised in full and the subscription moneys for the relevant Shares had been received in full by the
Grantor, there would be a surplus available for distribution amongst the holders of the Shares which, on such basis, would exceed in respect of each Share a sum equal to the exercise price) be treated as if immediately before the date of such order
or resolution its subscription rights had been exercisable and had been exercised in full and shall accordingly be entitled to receive out of the assets available in the liquidation pari passu with the holders of the Shares such a sum as it would
have received had it exercised its subscription rights in full and become the holder of the Shares to which it would have become entitled by virtue of such subscription after deducting a sum per share equal to the exercise price. Subject to the
foregoing all subscription rights shall lapse on liquidation of the Grantor. 

  

	6.2	The Grantor will concurrently with the issue of the same to the holders of its Shares (unless the Option Holder is also a holder of Shares) send to the Option Holder
for information purposes only a copy of each published annual report and accounts or summary financial statement of the Grantor, together with all documents required by law to be annexed thereto, and copies of all other documents issued by the
Grantor to holders of Shares. 

  

	7.	EMPLOYMENT 

  

	7.1	If any Option Holder is given notice by the Grantor to terminate: 

  

	 	(i)	in the case of an Employee, his employment; or 

  

	 	(ii)	in the case of a Director, his office; or 

 or gives notice to the Grantor to terminate such employment, office or engagement, in either case for any reason whatsoever, other than for a reason set out in clause 7.2 and subject to clause 7.3 this
Option shall immediately lapse and cease to be capable of vesting, provided that a Option Holder may subject to clause 3.1 and 3.2 exercise all or any of his vested Options within 3 months after the termination of the office, employment or
engagement. 
  

	7.2	Where a Option Holder ceases to be an Employee or Director but immediately upon so ceasing is engaged to provide services through a Service Provider or becomes a
Service Provider, or where a Option Holder whose services are provided through a Service Provider ceases to be a Service Provider or to provide services through the Service Provider, but immediately on so ceasing becomes an Employee or a Director,
the Board shall at their absolute discretion determine whether clause 7.1 shall apply. 

  
  

5 

	7.3	If an Option Holder has in the reasonable opinion of the Board committed acts of fraud or gross misconduct, such Option Holder's Options shall lapse immediately.

  

	7.4	Nothing in this Option Deed shall prevent the Board at their absolute discretion allowing any Option Holder to retain any Option (whether vested or otherwise) for such
period as the Board shall determine is appropriate. 

  

	7.5	A Option Holder will not be treated for the purpose of Clause 7.1: 

  

	 	(i)	as ceasing to be a director or employee of the Grantor until such time as he is no longer a director or employee of any of the Grantor; or 

 

	 	(ii)	as ceasing to be a Director or Employee if, being a woman, she ceases to be a Director or Employee by reason of pregnancy or confinement but exercises her right to
return to work under Section 82 of the Employment Rights Act 1996 before exercising an Option; or 

  

	 	(iii)	as ceasing to be a Director or Employee by reason of redundancy where his contract of employment continues by virtue of Regulation 5.1 of the Transfer of Undertakings
for the Protection of Employment Regulations 1981. 

  

	8.	AUDITORS 

 In any matter
in which they are required to act under this Deed, the auditors for the time being of the Grantor shall be deemed to be acting as experts and not as arbitrators and their decision, in the absence of manifest error, shall be final and binding on the
Grantor and the Option Holder. 
  

	9.	TAX 

 In consideration of
the Grantor entering into this Deed the Option Holder undertakes forthwith on demand to indemnify and keep indemnified the Grantor against all and any liability of the Grantor to pay or account for any tax (including without limitation any PAYE or
national insurance contributions but excluding for the avoidance of doubt employer's secondary Class 1 national insurance contributions) arising as a result of or in connection with the grant, exercise or cancellation of the Options. 

 

	10.	NOTICES 

  

	10.1	Any notice or other communication given under this Deed must be in writing and signed by or on behalf of the party giving it and must be served by delivering it by hand
or sending it by pre-paid recorded delivery or registered post or by fax to the party due to receive it, at its address or fax number set out in this clause 10.1 or to such other address or fax number as are last notified in writing to the parties.

 The address and fax numbers of the parties for the purpose of this clause 10.1 are as follows: 

Grantor 
  

			
	Address:	  	2nd Floor, 27 Albemarle Street, London W1S 4DW

  
  

6 

			
	Fax:	  	020 7491 2758

 For the attention of: the
Company Secretary 
 Option Holder 
 Address: 12 Meadowland, Kings Worthy, Winchester, SO23 7LJ 
  

	10.2	Subject to clause 10.3, in the absence of evidence of earlier receipt, any notice or other communication given pursuant to this clause shall be deemed to have been
received: 

  

	10.2.1	if delivered by hand, at the time of actual delivery to the address referred to in clause 10.1; 

 

	10.2.2	in the case of pre-paid recorded delivery or registered post, two Business Days after the date of posting; and 

 

	10.2.3	if sent by fax, at the time of completion of transmission. 

  

	10.3	If deemed receipt under clause 10.2 occurs before 9.00 a.m. on a Business Day, the notice shall be deemed to have been received at 9.00 a.m. on that day. If deemed
receipt occurs after 5.00 p.m. on a Business Day or on any day which is not a Business Day, the notice shall be deemed to have been received at 9.00 a.m. on the next Business Day. 

 

	10.4	For the avoidance of doubt, notice given under this Deed shall not be validly served if sent by e-mail. 

 

	11.	COUNTERPARTS 

 This Deed
may be executed in any number of counterparts and by different parties on separate counterparts (which may be facsimile copies), but shall not take effect until each party has executed at least one counterpart. Each counterpart shall constitute an
original but all the counterparts together shall constitute a single agreement. 
  

	12.	APPLICABLE LAW 

  

	12.1	This Deed is governed by English law. 

  

	12.2	Each of the parties irrevocably agrees to submit to the exclusive jurisdiction of the courts of England in relation to any claim or matter arising out of or in
connection with this Deed. 

 IN WITNESS whereof the parties have executed this instrument as a Deed this Day of
15 August 2008 

  
  

7 

 THE SCHEDULE 
 Form of notice of exercise 
  

	TO:	The Secretary 

	    	Cambrian Mining plc 

  

	1	[                            
            ] being the holder of the Option granted to him on [                    ]
2008, at an exercise price of [            ]p per share, hereby exercises the Option in respect of [            ] ordinary shares
of 20p each in the capital of Cambrian Mining. 

  

	2	Payment of £[            ] in favour of Cambrian Mining Plc is enclosed, in payment for the number of
ordinary shares in respect of which the Option is being exercised. 

  

	3	[                            
            ] wishes the ordinary shares referred to in paragraph 1 above to be registered as fully paid in his name or the name of his nominee as stated below and agrees to accept such
ordinary shares subject to the memorandum and articles of association of Cambrian Mining Plc. 

  

	4	Cambrian Mining Plc is hereby requested to issue and send to the offices of [            ] at
[                    ] a share certificate in respect of such ordinary shares and, if applicable, a balancing certificate in respect of the Options
not exercised on this occasion, by registered mail and at the risk of the Option Holder. 

 SIGNED by
[                    ] 
 Dated: 

  
  

8 

					
	Signed as a deed by Cambrian Mining Plc	  	)	  	

	acting by Mark Burridge a director, in the	  	)	  
			
	presence of:	  	)	  	Director

  

					
	Signature of Witness:	  	

	  	
			
	Full name of Witness:	  	

	  	
			
	Address:	  	

	  	
			
		  	

	  	
			
	Occupation:	  	

	  	

  

					
			
	 SIGNED by Abraham Jonker
	  	)	  	

	 as a DEED in the presence of:
	  	)	  

  

					
	Signature of Witness:	  	

	  	
			
	Full name of Witness:	  	

	  	
			
	Address:	  	

	  	
			
		  	

	  	
			
	Occupation:	  	

	  	

  
  

9Equity Commitment Letter

 Exhibit 10.1 

 

			
	 Apax US VII, L.P.

c/o Walkers SPV Limited

P.O. Box 908GT
 Mary Street
 George Town

Grand Cayman
 Cayman Islands
	 	 Apax Europe VII - A, L.P.

Third Floor, Royal Bank Place
 1 Glategny Esplanade
 St Peter Port

Guernsey GY1 2HJ

		
	 Apax Europe VII - 1, L.P.

Third Floor, Royal Bank Place

1 Glategny Esplanade

St Peter Port
 Guernsey GY1 2HJ
	 	 Apax Europe VII - B, L.P.

Third Floor, Royal Bank Place
 1 Glategny Esplanade
 St Peter Port

Guernsey GY1 2HJ

 EQUITY COMMITMENT LETTER 
 April 4, 2011 

Eagle Parent, Inc. 
 Element Merger Sub, Inc.

 c/o Apax Partners, L.P. 
 601
Lexington Avenue, 53rd Floor 
 New York, New York 10022 
 Epicore Software Corporation 
 18200 Von Karman Avenue, Suite 1000 

Irvine, CA 92612 

Re:    Equity Financing Commitment 
 Ladies and Gentlemen: 
 This letter agreement sets forth the commitment of Apax
Europe VII-A, L.P., Apax Europe VII-B, L.P., Apax Europe VII-1, L.P., and Apax US VII, L.P. (collectively, the “Investors”), subject to the terms and conditions hereof, to purchase, or cause an assignee permitted by
Section 11 of this letter agreement to purchase, directly or indirectly, equity securities of Eagle Parent, Inc., a Delaware corporation (“Parent”). It is contemplated that pursuant to the Agreement and Plan of Merger
(the “Merger Agreement”), dated as of the date hereof, among Parent, Epicore Software Corporation, a Delaware corporation (the “Company”) and Element Merger Sub, Inc., a Delaware corporation and wholly-owned
subsidiary of Parent (“Acquisition Sub”), Parent shall acquire the Company through the merger of Acquisition Sub with and into the Company, with the Company as the surviving corporation (the “Merger”). Capitalized
terms used but not otherwise defined herein shall have the meanings ascribed to them in the Merger Agreement. Reference is made to the letter agreement among the Investors, Parent and Activant to be entered into concurrently with this letter
agreement that provides for the Investor to purchase, or cause the purchase, directly or indirectly, equity securities of Parent in connection with the execution and delivery of the Activant Merger Agreement (the “Activant Equity Commitment
Letter”). 

  
 April 4, 2011 

Page 2 
  

	1.	Closing Commitment. 

 (a) Upon the terms and subject to the conditions set forth herein, the Investors hereby collectively commit to purchase for cash, or cause an assignee permitted by Section 11 of this letter
agreement to purchase for cash, directly or indirectly, at or immediately prior to the earlier of the Offer Closing or the Merger Closing an aggregate of $647 million of equity securities of Parent (the “Closing Commitment”), solely
for the purpose of allowing Parent, Acquisition Sub and/or Activant Acquisition Sub (as applicable) (i) to fund a portion of the Aggregate Merger Consideration and, if applicable, the aggregate consideration in the Offer, as set forth in the
Merger Agreement, and the aggregate Merger Consideration (as defined and as set forth in the Activant Merger Agreement), (ii) to pay related fees and expenses upon the consummation of the Merger, the Offer or the Activant Merger (as the case
may be) and the transactions contemplated by the Merger Agreement and the Activant Merger Agreement and (iii) to repay or cause to be repaid indebtedness of the Company, Activant and their respective subsidiaries in accordance with the Merger
Agreement and the Activant Merger Agreement (as applicable); provided, that the Closing Commitment shall be reduced to the extent any of the amounts set forth in the immediately foregoing sentence are paid to Parent at the Closing in
accordance with the Activant Equity Commitment Letter. The total obligation of the Investors to fund in connection with the Merger Closing, the Offer Closing and the Closing (as defined in the Activant Merger Agreement) shall in no event exceed the
Closing Commitment. The Investors may effect the purchase of equity securities of Parent directly or indirectly through one or more Affiliated entities. The obligation of the Investors to fund any portion of the Closing Commitment may be reduced by
the Investors, immediately prior to the Effective Time, to the extent that Parent does not require the full amount of the Closing Commitment (x) to fund the payment of the obligations referenced in the first sentence of this
Section 1(a) and (y) to satisfy each of the conditions set forth in the Debt Commitment Letter. Each Investor hereby confirms that it, or it together with any Affiliate to which its obligation to fund the Closing Commitment is
assigned pursuant to Section 11, has and will maintain unfunded capital commitments in an amount not less than its Pro Rata Percentage (as defined below) of the aggregate Closing Commitment and no other approval is required for such
Investor to fulfill its obligations hereunder. In lieu of purchasing equity securities of Parent, the Investors may satisfy its Closing Commitment in part by the purchase of debt securities of Parent if (and only if) (A) the purchase of such
debt securities does not result in the failure of any condition under the financing contemplated by the Debt Commitment Letter and (B) the proceeds of such debt securities are contributed to Acquisition Sub as equity. 

(b) The Investors’ obligations under this letter agreement to fund the Closing Commitment is subject to (i) the
satisfaction or waiver by Parent (with the prior written approval of the Investors) of each of the conditions to Parent’s and Acquisition Sub’s obligations to consummate the Merger and the Offer, in each case, as contemplated by the Merger
Agreement other than any conditions that by their nature are to be satisfied at the Merger Closing or Offer Closing (as applicable), but subject to the prior or substantially concurrent satisfaction of such conditions, (ii) the contemporaneous
consummation of the Merger and, if applicable, the Offer in accordance with the terms of the Merger Agreement (including to the extent that the Company obtains, in accordance with the terms and subject to the satisfaction of the conditions set forth
in Section 9.9(b) of the Merger Agreement, an order requiring Parent to specifically perform its obligations pursuant to the terms of the Merger Agreement to cause the financing of the Investors to be funded in connection with the consummation
of the Merger), (iii) the execution and delivery of the Merger Agreement, (iv) the contemporaneous consummation of the Activant Merger in accordance with the terms of the Activant Merger Agreement (including to the extent that Activant
obtains, in accordance with the terms and subject to the satisfaction of the conditions set 

  
 2 

  
 April 4, 2011 

Page 3 
  

 
forth in the Activant Merger Agreement, an order requiring Parent to specifically perform its obligations pursuant to the terms of the Activant Merger Agreement to cause the financing of the
Investors to be funded in connection with the consummation of the Activant Merger), (v) the execution and delivery of the Activant Merger Agreement, and (vi) the consummation of the Debt Financing prior to, or substantially
contemporaneously with, such funding by the Investors. 
 (c) The obligation of the Investors to fund, or cause
the funding of, the Closing Commitment shall automatically and immediately terminate upon the earliest to occur of (i) the consummation of the Merger Closing (at which time the obligation shall be discharged), (ii) the valid termination of
the Merger Agreement or the Activant Merger Agreement in accordance with their respective terms or (iii) the Company or any of its Affiliates, securityholders or agents asserting in any litigation or other proceeding, (A) any claim under
or action with respect to the Investors funding the Termination Commitment (as such term is defined below) or (B) any other claim under or action against Parent or Acquisition Sub in connection with this letter agreement, the Merger Agreement,
the Debt Commitment Letter or any transaction contemplated hereby or thereby or otherwise relating thereto, in each case of (A) and (B), other than Retained Claims, subject in each case to all of the terms, conditions and limitations herein and
therein. 
  

	2.	Termination Commitment. 

 (a) Upon the terms and subject to the conditions set forth herein, the Investors hereby collectively commit to purchase for cash, or cause an assignee permitted by Section 11 of this letter
agreement to purchase for cash, directly or indirectly, an aggregate amount of equity securities of Parent sufficient to allow Parent to pay (i) the Reverse Termination Fee, Special Termination Fee and Termination Fee (as defined in the
Activant Merger Agreement) in accordance with the Merger Agreement and Activant Merger Agreement (as applicable) and any amounts payable pursuant to Section 6.13 and Section 8.3(a) of the Merger Agreement (collectively, the
“Reimbursement Amounts”) and any such amounts payable pursuant to Section 4.3(c), Section 4.3(d) and Section 4.3(e) of the Activant Merger Agreement to the extent any payment obligations are due and payable by Parent
pursuant to the terms and conditions of the Merger Agreement or Activant Merger Agreement, respectively, and subject to the limitations set forth therein (but without giving effect to any limitation or restriction imposed by Insolvency Proceedings
(as such term is defined below) or related Laws), (ii) all fees and expenses incurred by Parent, Acquisition Sub and Activant Acquisition Sub in connection with the Merger Agreement and the Activant Merger Agreement (as applicable), and
(iii) all other Liabilities of Parent, Acquisition Sub and Activant Acquisition Sub arising out of or relating to the Merger Agreement, the Activant Merger Agreement or the Offer (collectively, the “Termination Commitment,” and
each of Parent’s, Acquisition Sub’s and Activant Acquisition Sub’s obligations set forth in clauses (i) through (iii) above, a “Termination Obligation,” and collectively, the “Termination
Obligations”); provided, that the Company, Parent and Acquisition Sub hereby agree that the Investors shall in no event collectively be required to purchase, directly or indirectly, (x) more than $130 million of equity
securities of Parent (or, in the case of each Investor, its Pro Rata Percentage (as such term is defined below) of such amount) in the event that the Reverse Termination Fee or Special Termination Fee, as applicable, and all Reimbursement Amounts
are paid to the Company within the time period that such Reverse Termination Fee, Special Termination Fee or Reimbursement Amounts, as applicable, are required to be paid under the Merger Agreement and the Company is not legally compelled by a
judicial order or otherwise to return any portion of such Reverse Termination Fee or Special Termination Fee, as applicable, or any Reimbursement Amount to Parent, Acquisition Sub or the Investors, or (y) more than $230 million of equity
securities of Parent (or, in the case of each Investor, its Pro Rata Percentage (as such term is defined below) of such amount) in the event that the Reverse Termination Fee or 

  
 3 

  
 April 4, 2011 

Page 4 
  

 
Special Termination Fee, as applicable, and all Reimbursement Amounts are not paid to the Company within the time period that such Reverse Termination Fee, Special Termination Fee or
Reimbursement Amounts, as applicable, are required to be paid under the Merger Agreement, or if the Company is legally compelled by a judicial order or otherwise to return any portion of such Reverse Termination Fee or Special Termination Fee, as
applicable, or any Reimbursement Amount to Parent, Acquisition Sub or the Investors, in each case, under or in respect of the Termination Commitment, and that no Investor or Investor Affiliate (as such term is defined below), shall have any
obligation or liability to any Person relating to, arising out of or in connection with, this letter agreement, other than as expressly set forth herein; provided, further, that the Termination Commitment will be reduced to the extent
any payments are made to Parent in accordance with paragraph 2 of the Activant Equity Commitment Letter. For the avoidance of doubt, the Investors’ commitment to purchase equity securities of Parent pursuant to the first sentence of this
Section 2(a) shall occur on such date or dates as the relevant Termination Commitments are due and payable by Parent or Acquisition Sub or Activant Acquisition Sub, as the case may be, pursuant to the terms and conditions of the Merger
Agreement and the Activant Merger Agreement (as applicable) and without giving effect to any limitations or restrictions imposed by Insolvency Proceedings or related Laws. 

For clarification purposes, whenever used herein, the “Reverse Termination Fee” and “Special Termination
Fee” shall be determined after giving effect to any reduction thereto as provided in Sections 8.2 and 8.3(b) of the Merger Agreement. 
 (b) The obligation of the Investors to fund, or cause the funding of, the Termination Commitment shall automatically and immediately terminate upon the earliest to occur of (1) the consummation of
the Merger Closing, but only if the Investors shall have funded the Closing Commitment in accordance with Section 1 of this letter agreement, (2) valid termination of the Merger Agreement in accordance with its terms (other than a
termination of the Merger Agreement for which the Reverse Termination Fee, Special Termination Fee or any Reimbursement Amount is, in accordance with Section 8.3 of the Merger Agreement, due and owing by Parent or Acquisition Sub or, in the
case of the Reimbursement Amounts, may become due and owing (any such termination for which the Reverse Termination Fee, Special Termination Fee or any Reimbursement Amount is so due and owing (or, in the case of any Reimbursement Amounts, may
become due and owing, a “Qualifying Termination”))) and (3) the 150th day after a Qualifying Termination unless prior to the 150th day after such Qualifying Termination, (x) the Company shall have commenced a suit, action
or other proceedings against Parent or (y) any event has occurred, that prevents, pursuant to applicable Law or any Insolvency Proceeding (as such term is defined below), the Company from commencing a suit, action or other proceedings against
Parent, in each case, alleging the Termination Fee or any Reimbursement Amount (as applicable) is due and owing (or, in the case of any Reimbursement Amount, may become due and owing) (a “Qualifying Claim”); provided, that if
(1) a Qualifying Termination has occurred and a Qualifying Claim is filed prior to the 150th day after a Qualifying Termination, or (2) clause (y) above is applicable, no Investor shall have any further liability or obligation
under this letter agreement from and after the earliest of (i) the consummation of the Merger Closing, but only if the Investors shall have funded the Closing Commitment in accordance with Section 1 of this letter agreement,
(ii) a final, non-appealable resolution of such Qualifying Claim determining that Parent does not owe any Reverse Termination Fee, Special Termination Fee or any Reimbursement Amounts that have not been fully satisfied and paid, (iii) a
written agreement among the Investors, the Company and Parent terminating the obligations and liabilities of the Investors pursuant to Section 2(a) of this letter agreement and (iv) payment of the Reverse Termination Fee or Special
Termination Fee, as applicable, and all Reimbursement Amounts (if any) unless any portion is legally compelled by judicial order or 

  
 4 

  
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Page 5 
  

 
otherwise to be returned by the Company to Parent, Acquisition Sub or the Investors. In the event that the Company or any of its Affiliates, members, securityholders or representatives institutes
any suit, action or other proceeding (A) asserting that any provisions of this Section 2 of this letter agreement are illegal, invalid or unenforceable in whole or in part or that the Investors are liable in excess of or to a
greater extent than the aggregate Termination Commitment (other than in accordance with Section 1 of this letter agreement), (B) arising under, or in connection with, this letter agreement, the Merger Agreement, the Debt Commitment
Letter or the transactions contemplated hereby or thereby, other than a Retained Claim or (C) in respect of a Retained Claim in any court or other tribunal other than a Chosen Court (as such term is defined below), except as provided for in the
penultimate sentence of Section 11 of this letter agreement, then (x) the obligations of the Investors under this letter agreement shall terminate ab initio and be null and void, (y) if any Investor has previously made
any payments under this letter agreement to Parent or Acquisition Sub, such Investor shall be entitled to recover such payments and (z) none of the Investors, Parent, Acquisition Sub nor any Investor Affiliate shall have any liability to the
Company or any of its Affiliates under this letter agreement or with respect to the Merger Agreement, the Debt Commitment Letter or the transactions contemplated hereby or thereby. 

(c) The obligations of the Investors under this letter agreement to fund, or to cause the funding of, the Termination
Commitment in accordance with this Section 2 shall, to the fullest extent permitted by applicable Law, be absolute and unconditional and shall not be released or discharged in whole or in part, or otherwise affected, irrespective of:
(i) any change in the corporate existence, structure or ownership of Parent or Acquisition Sub or Activant Acquisition Sub or any other Person interested in the transactions contemplated by the Merger Agreement or the Activant Merger Agreement,
or any insolvency, bankruptcy, winding up, receivership, dissolution, assignment, reorganization or other similar proceeding (each, an “Insolvency Proceeding”) affecting Parent, Acquisition Sub or Activant Acquisition Sub or any
other Person interested in the transactions contemplated by the Merger Agreement or the Activant Merger Agreement or any of their respective assets, (ii) any rescission, waiver, compromise or other amendment or modification of the Merger
Agreement, Activant Merger Agreement or any other agreement evidencing, securing, or otherwise executed in connection with, any of the Termination Commitments, or change in the manner, place or terms of payment or performance, or any change or
extension of the time, place or manner of payment or performance of, or renewal of, any Termination Commitment, any escrow arrangement or other security therefor, or any amendment or waiver of or any consent to any departure from the terms of the
Merger Agreement or the Activant Merger Agreement or the documents entered into in connection therewith, (iii) the addition, substitution or release of any other Person interested in the transactions contemplated by the Merger Agreement or the
Activant Merger Agreement, (iv) any lack of validity or enforceability of the Merger Agreement or the Activant Merger Agreement, any other agreement or instrument relating thereto, other than by reason of fraud or intentional misrepresentation
by the Company, (v) the existence of any claim, set-off or other right that the Investors may have at any time against Parent, Acquisition Sub or the Company, whether in connection with any Termination Commitment, the Merger Agreement, the
Activant Merger Agreement or otherwise, (vi) the failure of the Company to assert any claim or demand or to enforce any right or remedy against Parent, Acquisition Sub or any other Person interested in the transactions contemplated by the
Merger Agreement or (vii) the adequacy of any other means the Company or Activant may have of obtaining payment of any Termination Commitment. 
  

	3.	 Other than as required by Law or the rules of any national securities exchange, each of the parties agree that it will not, nor will it permit its
advisors or Affiliates to, disclose to any person or entity 

  
 5 

  
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the contents of this letter agreement, other than to the Company and its advisors who are instructed to maintain the confidentiality of this letter agreement in accordance herewith.

  

	4.	 Notwithstanding anything that may be expressed or implied in this letter agreement or any document or instrument delivered in connection herewith, each
party hereto, by its acceptance of the benefits hereof, covenants, agrees and acknowledges that this letter agreement may only be enforced by either (i) Parent and Acquisition Sub or (ii) the Company, provided, that the Company
acknowledges and agrees that any payment of the Closing Commitment or Termination Commitment will be made only to Parent. No Person has any remedy, recourse or right of recovery against, or contribution from any Investor Affiliate, through any of
Investor, Parent, Acquisition Sub or otherwise, whether by or through attempted piercing of the corporate veil or similar action, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute, regulation or
applicable Law, by or through a claim by or on behalf of any Investor, Parent or Acquisition Sub against any Investor or any Investor Affiliate, or otherwise, except for (x) Parent’s and Acquisition Sub’s and the Company’s rights
against the Investors under this letter agreement to fund to Parent, or cause the funding to Parent of, either the Closing Commitment or the Termination Commitment (as applicable), (y) the Company’s right to bring claims to enforce this
letter agreement and (z) the Company’s rights to bring claims against Parent and Acquisition Sub pursuant to the Merger Agreement. For purposes of this letter agreement, the term “Investor Affiliate” means (i) any
Investor, (ii) any former, current or future general or limited partners, stockholders, holders of any equity, partnership or limited liability company interest, officer, member, manager, director, employees, agents, controlling persons,
assignee or Affiliates of any Investor, (iii) Parent or Acquisition Sub, or (iv) any former, current or future general or limited partners, stockholders, holders of any equity, partnership or limited liability company interest, officer,
member, manager, director, employees, agents, attorneys, controlling persons, assignee or Affiliates of any of the foregoing. The Company hereby covenants and agrees that it shall not institute, and shall cause each of its Affiliates and their
respective members, securityholders and representatives not to institute, directly or indirectly, any action or bring any other claim arising under, or in connection with, this letter agreement, the Merger Agreement, the Debt Commitment Letter or
the transactions contemplated thereby, against any Investor or any Investor Affiliate except for (i) claims by the Company (x) to enforce its rights under this letter agreement (provided that the maximum aggregate liability of the
Investors under this letter agreement shall in no event exceed an amount equal to the aggregate Termination Commitment and shall in no event be due and payable unless the Reverse Termination Fee, Special Termination Fee or any other Termination
Commitment would otherwise be due and payable in accordance with the terms of the Merger Agreement), (y) to enforce the funding of the Termination Commitment to Parent, or (z) to enforce the funding of the Closing Commitment to Parent only
to the extent that the Company is expressly entitled to enforce such funding in accordance with this letter agreement and Section 10.1 of the Merger Agreement and subject to all of the terms, conditions and limitations herein and therein
(clauses (x), (y) and (z), collectively, the “Retained Letter Agreement Claims”) or (ii) claims by the Company against Parent or Acquisition Sub under and in accordance with the Merger Agreement (the “Retained
Merger Agreement Claims,” and together with the Retained Letter Agreement Claims, the “Retained Claims”). Recourse (i) against each Investor, as applicable, solely with respect to the Retained Letter Agreement Claims
and (ii) against Parent or Acquisition Sub solely with respect to the Retained Merger Agreement Claims shall be the sole and exclusive remedy of the Company and all of its Affiliates against any Investor or any Investor Affiliate in respect of
any liabilities or obligations arising under, or in connection with, the Merger Agreement, or the transactions contemplated thereby, and such recourse shall be subject to the Termination Commitments and the other limitations described herein and
therein; provided, that in the event an Investor (i) consolidates with or merges with any other Person and is not the continuing or 

  
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surviving entity of such consolidation or merger or (ii) transfers or conveys all or a substantial portion of its properties and other assets to any Person such that the Investor’s
uncalled capital, together with the uncalled capital of any permitted assignee to which the Investor’s obligations hereunder are assigned pursuant to Section 11 of this letter agreement, is less than the such Investor’s Pro
Rata Percentage of the aggregate Termination Commitments then, and in each such case, the Company may seek recourse, whether by the enforcement of any judgment or assessment or by any legal or equitable proceeding or by virtue of any statute,
regulation or other applicable Law, against such continuing or surviving entity or such transferee Person (in either case, a “Successor Entity”), as the case may be, but only to the extent of the liability of such Investor hereunder
and subject to the limitations herein. 

  

	5.	The Investors will cause Parent and Acquisition Sub to apply the funds received in accordance with Sections 1 and 2 above in satisfaction of Parent’s
and Acquisition Sub’s obligations under and in accordance with the Merger Agreement. In connection therewith, each Investor hereby represents and warrants to, and with respect to clause (e) agrees with, the Company that:

 (a) it has the power and authority required to enter into the obligations set out in this letter
agreement and to perform fully such obligations as contemplated by this letter agreement in accordance with its terms; 
 (b) there is not in existence any document, agreement, arrangement or understanding in relation to any aspect of the Equity Financing or this letter agreement to which any Investor, Parent, Acquisition
Sub or any Investor Affiliate is a party which would prejudice the Parent’s or Acquisition Sub’s ability to pay or procure payment of the amounts payable to the Company pursuant to the Merger Agreement or such Investor’s ability to
fund the Closing Commitment and Termination Commitment pursuant to this letter agreement; 
 (c) all consents,
approvals, authorizations, permits of, filings with and notifications to, any Governmental Body necessary for the due execution, delivery of and performance of this letter agreement by such Investor have been obtained or made and all conditions
therefor have been duly complied with, and no other action by, and, no notice to or filing with, any Governmental Body is required in connection with the execution, delivery of and performance of this letter agreement; 

(d) the entering into of this letter agreement and/or committing the Closing Commitment and the Termination Commitment to
Parent and Acquisition Sub will not result in such Investor being in breach of any investment restriction or other obligation contained in its limited partnership agreements, any side letters related thereto, similar organizational documents or any
Law, regulation, rule, order judgment or contractual restriction binding on the Investor or its assets; 
 (e)(i)
such Investor and its Affiliates and Representatives will not cause Parent or Acquisition Sub to file for any voluntary Insolvency Proceeding, (ii) such Investor will take necessary actions so that Parent and Acquisition Sub do not file for any
voluntary Insolvency Proceeding, and (iii) such Investor will use reasonable efforts to oppose any involuntary Insolvency Proceeding, in each case with respect to Parent or Acquisition Sub (for the avoidance of doubt, in no event shall such
efforts include the obligation to provide or expend funds that are not otherwise required to be provided or expended pursuant to this letter agreement); 
 (f) such Investor has all requisite power and authority to execute and deliver this letter agreement; all action on the part of such Investor necessary for the authorization, execution,

  
 7 

  
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Page 8 
  

 
delivery and performance of this letter agreement has been taken; and this letter agreement, when executed and delivered by such Investor, constitutes a valid and legally binding obligation of
such Investor; and 
 (g) such Investor has the financial capacity to pay and perform its obligations under this
letter agreement, and all funds necessary for such Investor to fulfill its obligations under this letter agreement shall be available to such Investor for so long as this letter agreement shall remain in effect in accordance with
Section 2(c) of this letter agreement. 
  

	6.	Each party acknowledges and agrees that (a) this letter agreement is not intended to, and does not, create any agency, partnership, fiduciary or joint venture
relationship between or among any of the parties hereto and neither this letter agreement nor any other document or agreement entered into by any party hereto relating to the subject matter hereof shall be construed to suggest otherwise,
(b) the obligations of each of the Investors under this letter agreement are solely contractual in nature and (c) the determination of each Investor was independent of each other. Notwithstanding anything to the contrary contained in this
letter agreement, the liability of each Investor hereunder shall be several, not joint and several, based upon its respective Pro Rata Percentage, and no Investor shall be liable for any amounts hereunder in excess of its Pro Rata Percentage of the
Closing Commitment or the Termination Commitment (as applicable) or such lesser amount as may be required to be paid by the Investors. The “Pro Rata Percentage” of each Investor is as set forth below (subject to adjustment,
provided, that in any event the total Pro Rata Percentage of the Investors (including any permitted assignee pursuant to Section 11 of this letter agreement) shall always equal 100%): 

 

					
	 Apax Europe VII-A, L.P.
	  	 	31.47	% 
	 Apax Europe VII-B, L.P.
	  	 	57.75	% 
	 Apax Europe VII-1, L.P.
	  	 	1.48	% 
	 Apax US VII, L.P.
	  	 	9.30	% 

  

	7.	In no event shall Parent or Merger Sub, directly or indirectly (including through Affiliates, which for purposes of this Section 7 shall be deemed to
include each direct or indirect investor or potential investor in Parent or Merger Sub, or any of Parent’s or Merger Sub’s or such investor’s financing sources or potential financing sources or other Representatives), (i) award
any agent, broker, investment banker, financial advisor or other firm or person except Jeffries & Company, Inc. and RBC Capital Markets, LLC any financial advisory role on an exclusive basis in connection with the Merger or the other
transactions contemplated by the Merger Agreement or (ii) prohibit or seek to prohibit any bank or investment bank or other potential provider of debt or equity financing, including Jeffries & Company, Inc. and RBC Capital Markets,
LLC, from providing or seeking to provide financing or financial advisory services to any person in connection with a transaction relating to the Company or its Subsidiaries or in connection with the Merger or the other transactions contemplated by
the Merger Agreement. Except as required by Section 7.11 of the Merger Agreement, neither Parent, nor Merger Sub, directly or indirectly (including through Affiliates), shall seek or obtain any equity commitments or equity financing in respect
of the Merger or any of the other transactions contemplated by the Merger Agreement, or provide any information in respect thereof to any potential investor in Parent or Merger Sub, or any of Parent’s, Merger Sub’s or such investor’s
financing sources or potential financing sources or other Representatives, in each case, other than (i) as set forth in this letter agreement or (ii) from any equityholder of an Affiliate of Parent or Merger Sub. 

 

	8.	 This letter agreement is solely for the benefit of Parent, Acquisition Sub and the Company and is not intended to, nor does it, confer any benefits on,
or create any rights or remedies in favor of, 

  
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any Person other than Parent, Acquisition Sub and the Company. This letter agreement may only be enforced (x) subject to the limitations in Section 4 of this letter agreement, by
the Company or (y) by Parent at the direction of its equityholders in a manner agreed by its equityholders or as otherwise required pursuant to an order of specific performance obtained pursuant to Section 9.9 of the Merger Agreement. In
no event shall any of Parent’s or Acquisition Sub’s creditors (other than the Company) have any right to enforce this letter agreement or to cause Parent or Acquisition Sub to enforce this letter agreement. For the avoidance of doubt, the
Closing Commitment and the Termination Commitment will be funded to Parent and under no circumstances will the Company be entitled to or seek that the Investors fund, or cause the funding, of the Closing Commitment or the Termination Commitment
directly to the Company. 

  

	9.	This letter agreement may not be amended or otherwise modified without the prior written consent of Parent, Acquisition Sub, the Investors and the Company.

  

	10.	THIS LETTER AGREEMENT, AND ALL CLAIMS OR CAUSES OF ACTION (WHETHER IN CONTRACT OR TORT) THAT MAY BE BASED UPON, ARISE OUT OF OR RELATE TO THIS LETTER AGREEMENT OR THE
NEGOTIATION, EXECUTION OR PERFORMANCE OF THIS LETTER AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE OF DELAWARE. Each party hereto agrees that it shall bring any action or actions in respect of any claim arising
out of or related to this letter agreement or the negotiation, execution or performance of this letter agreement (including any claim or cause of action based upon, arising out of or related to any representation or warranty made in or in connection
with this letter agreement) and agrees that all claims in respect of any such action or proceeding shall be heard and determined in such Chosen Court, exclusively in the Delaware Court of Chancery (or, if (but only if) the Delaware Court of Chancery
shall be unavailable, any other court of the State of Delaware or any Federal court sitting in the State of Delaware; provided, that if (but only if) the Delaware Court of Chancery, any other court in the State of Delaware and any Federal
court sitting in the State of Delaware shall be unavailable, any other court of competent jurisdiction sitting in the State of New York, and if (and only if) any such court in New York shall be unavailable, then any other court of competent
jurisdiction) and any appellate court from any thereof (the “Chosen Courts”), and solely in connection with claims arising under this letter agreement irrevocably and unconditionally (i) submits , for itself and its property,
to the exclusive jurisdiction of the Chosen Courts, (ii) waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out
of or relating to this letter agreement or the negotiation, execution of performance of this letter agreement (including any claim or cause of action based upon, arising out of or related to any representation or warranty made in or in connection
with this letter agreement) in the Chosen Courts, (iii) waives, to the fullest extent permitted by Law, the defense of an inconvenient forum to the maintenance of such action or proceeding in such court, (iv) agrees that a final judgment
in any such suit on the judgment or in any other manner provided by Law and (v) agrees that service of process upon such party in any such action or actions shall be effective if notice is given in accordance with Section 9.2 of the Merger
Agreement (it being understood that any notice to an Investor shall be delivered in the same manner as a notice to Parent or Acquisition Sub as set forth therein). Notwithstanding the foregoing, any action for recognition or enforcement of any
judgment of a Chosen Court may be brought by any party hereto in any court of competent jurisdiction, not just a Chosen Court. Each party hereto irrevocably waives all right to trial by jury in any action proceeding or counterclaim arising out of or
relating to this letter agreement or the action of the Company, the Investors, Parent and Acquisition Sub in the negotiation, execution, performance and enforcement of this letter agreement. 

  
 9 

  
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Page 10 
  

	11.	This letter agreement and any signed agreement or instrument entered into in connection with this letter agreement, and any amendments or waivers hereto or thereto, may
be executed in any number of counterparts, each such counterpart being deemed to be an original instrument and all such counterparts together constituting the same agreement and, to the extent signed and delivered by means of a facsimile machine or
by e-mail delivery of a “.pdf” format data file, shall be treated in all manner and respects as an original agreement or instrument and shall be considered to have the same binding legal effect as if it were the original signed version
thereof delivered in person. No party hereto or to any such agreement or instrument shall raise the use of a facsimile machine or e-mail delivery of a “.pdf” format data file to deliver a signature to this letter agreement or any amendment
hereto or the fact that any signature or agreement or instrument was transmitted or communicated through the use of a facsimile machine or e-mail delivery of a “.pdf” format data file as a defense to the formation of a contract and each
party hereto forever waives any such defense. The Investors’ obligations under this letter agreement, including the obligation of the Investors to fund, or cause the funding of, the Closing Commitment and/or the Termination Commitment, is
subject to the execution and delivery of the Merger Agreement by the Company. The Closing Commitment and the Termination Commitment set forth herein shall not be assignable by Parent or Acquisition Sub without each of the Investors’ and the
Company’s prior written consent, and the granting of such consent in a given instance shall be solely in the discretion of the Investors and the Company, and, if granted, shall not constitute a waiver of this requirement as to any subsequent
assignment. All or any portion of the Closing Commitment or the Termination Commitment set forth herein may be assigned by any Investor to any other Investor, any additional equity co-investor and/or their respective affiliates and affiliated funds;
provided, however, that, except to the extent otherwise agreed to by Parent, Acquisition Sub and the Company, any such assignment shall not relieve any Investor of its obligations under this letter agreement (including its obligation
to fund the Closing Commitment and/or the Termination Commitment); provided, further, however, that the Investors shall not assign more than 50% of its Pro Rata Percentage of the Closing Commitment or the Termination Commitment
(as applicable) other than to any funds or other entities Affiliated with the Investors. Any transfer in violation of either of the two the preceding sentence shall be null and void. This letter agreement, the Merger Agreement (including the
Exhibits and Schedules thereto), the Support Agreements and the Confidentiality Agreement contain the entire agreement of the parties with respect to the subject matter hereof and supersedes all prior discussions, negotiations, proposals,
undertakings, arrangements and understandings, whether written or oral, with respect thereto. 

 * * * * * * *

  
 10 

 If this letter agreement is agreeable to you, please so indicate by signing in the space
indicated below. 
 Very truly yours, 

 

									
	For and on behalf of Apax Partners Europe Managers Limited as Manager of Apax Europe VII-A, L.P.
					
	 By:
	 	 /s/ Steve Hare
	  	 By:
	 	 /s/ Martin Halusa
	 	
	
	For and on behalf of Apax Partners Europe Managers Limited as Manager of Apax Europe VII-B, L.P.
					
	 By:
	 	 /s/ Steve Hare
	  	 By:
	 	 /s/ Martin Halusa
	 	
	
	For and on behalf of Apax Partners Europe Managers Limited as Manager of Apax Europe VII-1, L.P.
					
	 By:
	 	 /s/ Steve Hare
	  	 By:
	 	 /s/ Martin Halusa
	 	

  

	
	 Apax US VII, L.P.

	
	 By: Apax US VII GP, L.P.

Its: General Partner

	
	 By: Apax US VII GP, Ltd.

Its: General Partner

	
	 By: /s/ John Megrue

	 Name: John Megrue

	 Title: CEO

  
 Signature
Page to Equity Commitment Letter 

 Accepted and agreed as of April 4, 2011 

 

			
	 EAGLE PARENT, INC.

		
	 By:
	 	 /s/ Jason Wright

		 	Name: Jason Wright
		 	Title: President

  

			
	 ELEMENT MERGER SUB, INC.

		
	 By:
	 	 /s/ Jason Wright

		 	Name: Jason Wright
		 	Title: President

  
 Signature
Page to Equity Commitment Letter 

 Accepted and agreed as of April 4, 2011 

 

			
	EPICOR SOFTWARE CORPORATION
		
	 By:
	 	 /s/ L. George Klaus

		 	Name: L. George Klaus
		 	 Title: Chairman, President and
           Chief Executive Officer

  
 Signature
Page to Equity Commitment Letter

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