Document:

exv10w70

Exhibit 10.70

SEVERANCE AGREEMENT

          SEVERANCE AGREEMENT dated the 25th day of September 2008, by and between SMITH &
WESSON HOLDING CORPORATION, a Nevada corporation (“Employer”), and Leland A. Nichols (“Employee”).

          WHEREAS, Employee is an executive officer and a valued employee of Employer.

          WHEREAS, Employer and Employee desire to agree to the results of any termination of Employee’s
employment by Employer other than for cause.

          NOW, THEREFORE, in consideration of the premises and of the mutual covenants set forth in this
Agreement, the parties hereto agree as follows:

          1. Result of Termination Other than for Cause.
 In the event that Employer terminates
Employee’s employment with Employer other than for cause, (a) Employer shall pay Employee’s base
salary for a period of 12 months following such termination, (b) Employer shall pay to Employee, at
the same time as bonuses are paid to Employer’s other executives, a portion of the bonus earned by
Employee for the period commencing on the first day of the fiscal year for which the bonus is
calculated and ending on the date of termination; and (c) all unvested stock-based compensation
held by Employee shall vest as of the date of termination. As used herein, “cause” shall mean any
termination of Employee’s employment by Employer as a result of Employee engaging in an act or acts
involving a crime, moral turpitude, fraud, or dishonesty, or Employee willfully violating in a
material respect Employer’s Corporate Governance Guidelines, Code of Conduct, or any applicable
Code of Ethics, including, without limitation, the provisions thereof relating to conflicts of
interest or related party transactions.

          2. Competition and Confidential Information.

               (a) Interests to be Protected. The parties acknowledge that Employee performs essential
services for Employer, its employees, and its stockholders during the term of Employee’s employment
with Employer. Employee is exposed to, has access to, and works with, a considerable amount of
Confidential Information (as defined below). The parties also expressly recognize and acknowledge
that the personnel of Employer have been trained by, and are valuable to, Employer and that
Employer will incur substantial recruiting and training expenses if Employer must hire new
personnel or retrain existing personnel to fill vacancies. The parties expressly recognize that it
could seriously impair the goodwill and diminish the value of Employer’s business should Employee
compete with Employer in any manner whatsoever. The parties acknowledge that this covenant has an
extended duration; however, they agree that this covenant is reasonable and it is necessary for the
protection of Employer, its stockholders, and employees. For these and other reasons, and the fact
that there are many other employment opportunities available to Employee if his employment is
terminated, the parties are in full and complete agreement that the following restrictive covenants
are fair and reasonable and are entered into freely, voluntarily, and knowingly. Furthermore, each
party was given the opportunity to consult with independent legal counsel before entering into this
Agreement.

 

 

               (b) Non-Competition. For the period equal to 12 months after the termination by Employer of
Employee’s employment with Employer other than for cause, Employee shall not (whether directly or
indirectly, as owner, principal, agent, stockholder, director, officer, manager, employee, partner,
participant, or in any other capacity) engage or become financially interested in any competitive
business conducted within the Restricted Territory (as defined below). As used herein, the term
“competitive business” shall mean any business that sells or provides or attempts to sell or
provide products or services the same as or substantially similar to the products or services sold
or provided by Employer during Employee’s employment, and the term “Restricted Territory” shall
mean any state or other geographical in which Employer sells products or provides services during
Employee’s employment.

               (c) Non-Solicitation of Employees.
 For a period of 24 months after the termination by
Employer of Employee’s employment with Employer other than for cause, Employee shall not directly
or indirectly, for Employee, or on behalf of, or in conjunction with, any other person, company,
partnership, corporation, or governmental entity, solicit for employment, seek to hire, or hire any
person or persons who is employed by or was employed by Employer within 12 months of the
termination of Employee’s employment for the purpose of having any such employee engage in services
that are the same as or similar or related to the services that such employee provided for
Employer.

               (d) Confidential Information. Employee shall maintain in strict secrecy all confidential or
trade secret information relating to the business of Employer (the “Confidential Information”)
obtained by Employee in the course of Employee’s employment, and Employee shall not, unless first
authorized in writing by Employer, disclose to, or use for Employee’s benefit or for the benefit
of, any person, firm, or entity at any time either during or subsequent to the term of Employee’s
employment, any Confidential Information, except as required in the performance of Employee’s
duties on behalf of Employer. For purposes hereof, Confidential Information shall include without
limitation any materials, trade secrets, knowledge, or information with respect to management,
operational, or investment policies and practices of Employer; any business methods or forms; any
names or addresses of customers or data on customers or suppliers; and any business policies or
other information relating to or dealing with the management, operational, or investment policies
or practices of Employer.

               (e) Return of Books, Records, Papers, and Equipment. Upon the termination of Employee’s
employment with Employer for any reason, Employee shall deliver promptly to Employer all files,
lists, books, records, manuals, memoranda, drawings, and specifications; all cost, pricing, and
other financial data; all other written or printed materials and computers, cell phones, PDAs, and
other equipment that are the property of Employer (and any copies of them); and all other materials
that may contain Confidential Information relating to the business of Employer, which Employee may
then have in Employee’s possession, whether prepared by Employee or not.

               (f) Disclosure of Information. Employee shall disclose promptly to Employer, or its nominee,
any and all ideas, designs, processes, and improvements of any kind relating to the business of
Employer, whether patentable or not, conceived or made by Employee, either alone or jointly with
others, during working hours or otherwise, during the entire period of Employee’s employment with
Employer or within six months thereafter.

 

 

               (g) Assignment. Employee hereby assigns to Employer or its nominee, the entire right, title,
and interest in and to all inventions, discoveries, and improvements, whether patentable or not,
that Employee may conceive or make during Employee’s employment with Employer, or within six months
thereafter, and which relate to the business of Employer.

               (h) Equitable Relief. In the event a violation of any of the restrictions contained in this
Section is established, Employer shall be entitled to preliminary and permanent injunctive relief
as well as damages and an equitable accounting of all earnings, profits, and other benefits arising
from such violation, which right shall be cumulative and in addition to any other rights or
remedies to which Employer may be entitled. In the event of a violation of any provision of
subsection (b), (c), (f), or (g) of this Section, the period for which those provisions would
remain in effect shall be extended for a period of time equal to that period beginning when such
violation commenced and ending when the activities constituting such violation shall have been
finally terminated in good faith.

               (i) Restrictions Separable. If the scope of any provision of this Agreement (whether in this
Section 4 or otherwise) is found by a Court to be too broad to permit enforcement to its full
extent, then such provision shall be enforced to the maximum extent permitted by law. The parties
agree that the scope of any provision of this Agreement may be modified by a judge in any
proceeding to enforce this Agreement, so that such provision can be enforced to the maximum extent
permitted by law. Each and every restriction set forth in this Section 4 is independent and
severable from the others, and no such restriction shall be rendered unenforceable by virtue of the
fact that, for any reason, any other or others of them may be unenforceable in whole or in part.

          3. Miscellaneous.

               (a) Notices. All notices, requests, demands, and other communications required or permitted
under this Agreement shall be in writing and shall be deemed to have been duly given, made, and
received (i) if personally delivered, on the date of delivery, (ii) if by facsimile transmission,
upon receipt, (iii) if mailed, three days after deposit in the United States mail, registered or
certified, return receipt requested, postage prepaid, and addressed as provided below, or (iv) if
by a courier delivery service providing overnight or “next-day” delivery, on the next business day
after deposit with such service addressed as follows:

	 	(1)	 	If to Employer:
	 
	 		 	2100 Roosevelt Avenue

Springfield, Massachusetts 01104

Attention: Chairman of the Board

 

 

	 	 	 	with a copy given in the manner

prescribed above, to:
	 
	 	 	 	Greenberg Traurig, LLP

2375 East Camelback Road

Suite 700

Phoenix, Arizona 85016

Attention: Robert S. Kant, Esq.

Phone: (602) 445-8302

Facsimile: (602) 445-8100

E-Mail: KantR@gtlaw.com
	 
	 	(2)	 	If to Employee: 
2100 Roosevelt Avenue

Springfield, Massachusetts 01104-1606

Phone: (413) 747-3389

Facsimile: (413) 739-8528

E-Mail: lnichols@smith-wesson.com

Either party may alter the address to which communications or copies are to be sent by giving
notice of such change of address in conformity with the provisions of this Section 5 for the giving
of notice.

               (b) Indulgences; Waivers. Neither any failure nor any delay on the part of either party to
exercise any right, remedy, power, or privilege under this Agreement shall operate as a waiver
thereof, nor shall any single or partial exercise of any right, remedy, power, or privilege
preclude any other or further exercise of the same or of any other right, remedy, power, or
privilege, nor shall any waiver of any right, remedy, power, or privilege with respect to any
occurrence be construed as a waiver of such right, remedy, power, or privilege with respect to any
other occurrence. No waiver shall be binding unless executed in writing by the party making the
waiver.

               (c) Controlling Law. This Agreement and all questions relating to its validity,
interpretation, performance and enforcement, shall be governed by and construed in accordance with
the laws of the state of Massachusetts, notwithstanding any Massachusetts or other
conflict-of-interest provisions to the contrary.

               (d) Binding Nature of Agreement. This Agreement shall be binding upon and inure to the
benefit of the parties hereto and their respective heirs, personal representatives, successors, and
assigns, except that no party may assign or transfer such party’s rights or obligations under this
Agreement without the prior written consent of the other party.

               (e) Execution in Counterpart. This Agreement may be executed in any number of counterparts,
each of which shall be deemed to be an original as against any party whose signature appears
thereon, and all of which shall together constitute one and the same instrument. This Agreement
shall become binding when one or more counterparts hereof,

 

 

individually or taken together, shall bear the signatures of the parties reflected hereon as
the signatories.

               (f) Provisions Separable. The provisions of this Agreement are independent of and separable
from each other, and no provision shall be affected or rendered invalid or unenforceable by virtue
of the fact that for any reason any other or others of them may be invalid or unenforceable in
whole or in part.

               (g) Entire Agreement. This Agreement contains the entire understanding between the parties
hereto with respect to the subject matter hereof and supersedes all prior and contemporaneous
agreements and understandings, inducements, and conditions, express or implied, oral or written,
except as herein contained. The express terms hereof control and supersede any course of
performance and/or usage of the trade inconsistent with any of the terms hereof. This Agreement
may not be modified or amended other than by an agreement in writing. The Employment Agreement
dated as of February 1, 2006 shall no longer be of any force or affect except as expressly
contemplated hereby.

               (h) No Participation in Severance Plans. Except as contemplated by this Agreement, Employee
acknowledges and agrees that the compensation and other benefits set forth in this Agreement are
and shall be in lieu of any compensation or other benefits that may otherwise be payable to or on
behalf of Employee pursuant to the terms of any severance pay arrangement of Employer or any
affiliate thereof, or any other similar arrangement of Employer or any affiliates thereof providing
for benefits upon involuntary termination of employment.

               (i) Paragraph Headings. The paragraph headings in this Agreement are for convenience only;
they form no part of this Agreement and shall not affect its interpretation.

               (j) Gender. Words used herein, regardless of the number and gender specifically used, shall
be deemed and construed to include any other number, singular or plural, and any other gender,
masculine, feminine, or neuter, as the context requires.

               (k) Number of Days. In computing the number of days for purposes of this Agreement, all days
shall be counted, including Saturdays, Sundays, and holidays; provided, however, that if the final
day of any time period falls on a Saturday, Sunday, or holiday, then the final day shall be deemed
to be the next day that is not a Saturday, Sunday, or holiday.

          4. Successors and Assigns.

          This Agreement shall inure to the benefit of and be binding upon the successors and assigns of
the parties hereto; provided that because the obligations of Employee hereunder involve the
performance of personal services, such obligations shall not be delegated by Employee. For
purposes of this Agreement successors and assigns shall include, but not be limited to, any
individual, corporation, trust, partnership, or other entity that acquires a majority of the stock
or assets of Employer by sale, merger, consolidation, liquidation, or other form of transfer.
Employer will require any successor (whether direct or indirect, by purchase, merger,
consolidation, or otherwise) to all or substantially all of the business and/or assets of Employer
to

 

 

expressly assume and agree to perform this Agreement in the same manner and to the same extent
that Employer would be required to perform it if no such succession had taken place. Without
limiting the foregoing, unless the context otherwise requires, the term “Employer” includes all
subsidiaries of Employer.

          IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above
written.

	 	 	 	 	 	 	 
	 	 	SMITH & WESSON HOLDING CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Michael F. Golden	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Michael F. Golden	 	 
	 

	 	 	 	President and Chief Executive Officer	 	 
	 
	 	 	 	 	 	 
	 	 	/s/ Leland A. Nichols	 	 
	 	 	 	 	 
	 	 	Leland A. Nicholsex10-1.htm

    Exhibit
10.1

     

    Preferred
Stock Purchase Agreement

     

    This
preferred stock purchase agreement (this “Agreement”)
is dated as of September 24, 2008 (the “Effective
Date”), by and between Astea International, Inc., a Delaware corporation
(the “Company”),
and Zack Bergreen, an individual (the “Purchaser”).

     

    Whereas,
subject to the terms and conditions set forth in this Agreement and pursuant to
Section 4(2) of the Securities Act of 1933, as amended (the “Securities
Act”), and Rule 506 promulgated thereunder, the Company desires to issue
and sell to the Purchaser, and the Purchaser desires to purchase from the
Company, securities of the Company as more fully described in this
Agreement.

     

    Now,
therefore, in consideration of the mutual covenants contained in this Agreement,
and for other good and valuable consideration the receipt and adequacy of which
are hereby acknowledged, the Company and the Purchaser agree as
follows:

     

    Article
I

     

    Definitions

     

    Section
1.1                                Certain
Definitions.  In addition to the terms defined elsewhere in
this Agreement, for all purposes of this Agreement, the following terms have the
meanings set forth in this Section
1.1:

     

    
      	
              “Affiliate”
      means any Person that, directly or indirectly through one or more
      intermediaries, controls or is controlled by or is under common control
      with a Person as such terms are used in and construed under Rule
      144.

            
	 
	
              “Business
      Day” means any day except Saturday, Sunday, any day which shall be
      a federal legal holiday in the United States or any day on which banking
      institutions in the State of Delaware are authorized or required by law or
      other governmental action to close.

            
	 
	
              “Certificate
      of Designation” means that certain Certificate of Designation of
      Series A Convertible Preferred Stock of even date herewith that sets forth
      the rights, preferences, powers, privileges, restrictions, qualifications
      and limitations of the Preferred Stock.

            
	 
	
              “Commission”
      means the Securities and Exchange Commission.

            
	 
	
              “Common
      Stock” means the common stock of the Company, par value $0.01 per
      share, and any other class of securities into which such securities may
      hereafter be reclassified or changed into.

            
	 
	
              “Company
      Counsel” means Pepper Hamilton LLP, with offices located at 3000
      Two Logan Square, Eighteenth and Arch Streets, Philadelphia, Pennsylvania
      19103.

            
	
               

            

    

     

     

    
      
         

      

      
        -1-

        
          

        

      

      
         

      

    

     

     

    
      	
              “Conversion
      Shares” means such shares of Common Stock which, from time to time,
      have been issued, or may be issuable, pursuant to the exercise of the
      conversion rights of the Preferred Stock.

            
	 
	
              “Exchange
      Act” means the Securities Exchange Act of 1934, as amended, and the
      rules and regulations promulgated thereunder.

            
	 
	
              “Independent
      Director” means an independent director as defined by Rule
      4200(a)(15) of the NASDAQ Marketplace Rules.

            
	 
	
              “NASDAQ”
      means The NASDAQ Stock Market LLC.

            
	 
	
              “Original
      Purchase Price” means $3.63.

            
	 
	
              “Person”
      means an individual or corporation, partnership, trust, incorporated or
      unincorporated association, joint venture, limited liability company,
      joint stock company, government (or an agency or subdivision thereof) or
      other entity of any kind.

            
	 
	
              “Preferred
      Stock” means the Series A Convertible Preferred Stock of the
      Company, $0.01 par value, issued or issuable to the Purchaser pursuant to
      this Agreement with such rights, preferences, powers, privileges,
      restrictions, qualifications and limitations as are set forth in the
      Certificate of Designation.

            
	 
	
              “Related
      Party Transaction” means any transaction with the Purchaser or an
      Affiliate of the Purchaser.

            
	 
	
              “Registrable
      Securities” means all of the Common Stock issuable in connection
      with any conversion of the Preferred Stock.  Upon the sale,
      pursuant to a registration statement declared effective by the Commission
      or an exemption from registration under the Securities Act (such that all
      transfer restrictions and restrictive legends with respect to such
      securities being sold are removed upon the consummation of such sale), of
      any of the securities described by the preceding sentence, such securities
      sold shall no longer be Registrable Securities.  The foregoing
      notwithstanding, any shares of Common Stock which may be sold pursuant to
      Rule 144 without regard to volume or other restrictions (aside from making
      any filing required by Rule 144 resulting from the sale) shall not be
      Registrable Securities.

            
	 
	
              “Rule
      144” means Rule 144 promulgated by the Commission pursuant to the
      Securities Act, as such rule may be amended from time to time, or any
      similar rule or regulation hereafter adopted by the Commission having
      substantially the same effect as such rule.

            
	 
	
              “Securities”
      means, as context requires, the Preferred Stock, the Conversion Shares or
      both.

            
	 
	
              “Trading
      Day” means a day on which the Common Stock is, or is able to be,
      traded on a Trading Market.

            
	 
	
              “Trading
      Market” means NASDAQ’s Capital Market.

            
	 

    

     

     

     

    
      
         

      

      
        -2-

        
          

        

      

      
         

      

    

     

    
      	
              “Transfer
      Agent” means American Stock Trust & Transfer Company, with a
      mailing address of 59 Maiden Lane, Plaza Level, New York, New York 10038
      and a facsimile number of (718) 921-8334, and any successor transfer agent
      of the Company.

            

    

     

               Section
1.2                                Interpretation.  In
this Agreement, unless otherwise specified or where the context otherwise
requires:

     

    (a)           the
headings of particular provisions of this Agreement are inserted for convenience
only and will not be construed as a part of this Agreement or serve as a
limitation or expansion on the scope of any term or provision of this
Agreement;

     

    (b)           words
importing any gender shall include other genders;

     

    (c)           words
importing the singular only shall include the plural and vice
versa;

     

    (d)           the
words “include,” “includes” or “including” shall be deemed to be followed by the
words “without limitation” or “but not limited to;”

     

    (e)           the
words “hereof,” “herein” and “herewith” and words of similar import shall,
unless otherwise stated, be construed to refer to this Agreement as a whole and
not to any particular provision of this Agreement;

     

    (f)           references
to “Articles,” “Exhibits,” “Sections” or “Schedules” shall be to Articles,
Exhibits, Sections or Schedules of or to this Agreement; and

     

    (g)           references
to any Person include the successors and permitted assigns of such
Person.

     

    Article
II

     

    Purchase
and Sale of Preferred Stock

     

    Section
2.1                                Purchase and Sale of
Preferred Stock.  On the date hereof, upon the terms and
subject to the conditions set forth herein, substantially concurrent with the
execution and delivery of this Agreement by the parties hereto, the Company
agrees to sell, and the Purchaser, agrees to purchase 826,446 shares of
Preferred Stock at the Original Purchase Price per share.

     

    Section
2.2                                Delivery of Funds and
Shares.  No later than the Business Day following the date
hereof, the Purchaser shall deliver to the Company, via wire transfer,
immediately available funds equal to the number of shares of Preferred Stock
multiplied by the Original Purchase Price and the Company shall record the
purchase of the Preferred Stock on the books of the
Company.  Certificates evidencing the Preferred Stock shall be
delivered in accordance with Section
4.3.

     

    Section
2.3                                Filing of the Certificate of
Designation.  No later than the Business Day following the date
hereof, the Company shall file with the Secretary of State of the State of
Delaware the Certificate of Designation. 

     

     

     

    
      
         

      

      
        -3-

        
          

        

      

      
         

      

    

     

    Article
III

     

    Representations
and Warranties of the Company

     

    The
Company hereby represents and warrants as of the date hereof to the Purchaser as
follows:

     

    Section
3.1                                Organization and
Qualification.  The Company is an entity duly incorporated,
validly existing and in good standing under the laws of the State of Delaware,
with the requisite power and authority to own and use its properties and assets
and to carry on its business as currently conducted.  The Company is
not in violation or default of any of the provisions of its certificate of
incorporation, bylaws or other organizational or charter documents.

     

    Section
3.2                                Authorization;
Enforcement.  The Company has the requisite corporate power and
authority to enter into and to consummate the transactions contemplated by this
Agreement and otherwise to carry out its obligations hereunder.  The
execution and delivery of this Agreement by the Company and the consummation by
it of the transactions contemplated hereby have been duly authorized by all
necessary action on the part of the Company and no further action is required by
the Company, its board of directors or its stockholders in connection therewith
other than in connection with the Required Filings.  This Agreement
has been duly executed by the Company and constitutes the valid and binding
obligation of the Company enforceable against the Company in accordance with its
terms except (a) as limited by general equitable principles and applicable
bankruptcy, insolvency, reorganization, moratorium and other laws of general
application affecting enforcement of creditors’ rights generally and (b) as
limited by laws relating to the availability of specific performance, injunctive
relief or other equitable remedies.

     

    Section
3.3                                No
Conflicts.  The execution, delivery and performance of this
Agreement by the Company, the issuance and sale of the Preferred Stock and the
consummation by the Company of the other transactions contemplated hereby and
thereby do not and will not conflict with or violate any provision of the
Company’s certificate of incorporation, bylaws or other organizational or
charter documents.

     

    Section
3.4                                Filings, Consents and
Approvals.  The Company is not required to obtain any consent,
waiver, authorization or order of, give any notice to, or make any filing or
registration with, any court or other federal, state, local or other
governmental authority or other Person in connection with the execution,
delivery and performance by the Company of this Agreement, other than (a)
disclosure filings required pursuant to the Exchange Act, (b) application(s) and
notification(s) to the Trading Market for the listing of the Securities for
trading thereon in the time and manner required thereby and (c) the filing of
Form D with the Commission and such filings as are required to be made under
applicable state securities laws (collectively, the “Required
Filings”).

     

     

    
      
         

      

      
        -4-

        
          

        

      

      
         

      

    

     

     

    Section
3.5                                Issuance of the
Securities.  The Preferred Stock is duly authorized and, when
issued and paid for in accordance with this Agreement, will be duly and validly
issued, fully paid and nonassessable, free and clear of all liens and
encumbrances other than liens and encumbrances created by or imposed on the
Purchaser and restrictions on transfer provided for in this
Agreement.  The Company has reserved from its duly authorized capital
stock the maximum number of shares of Common Stock issuable upon the conversion
of the Preferred Stock, and when issued in accordance with this Agreement and
the Certificate of Designation, the Conversion Shares will be duly and validly
issued, fully paid and nonassessable, free and clear of all liens and
encumbrances other than liens and encumbrances created by or imposed on the
Purchaser and restrictions on transfer provided for in this
Agreement.

            

     

    Article
IV

     

    Representations
and Warranties of the Purchaser

     

    The
Purchaser hereby represents and warrants as of the date hereof to the Company as
follows:

     

    Section
4.1                                Own
Account.  The Purchaser understands that the Securities are
“restricted securities” and have not been registered under the Securities Act or
any applicable state or other securities law and is acquiring the Securities as
principal for his own account and not with a view to or for distributing or
reselling such Securities or any part thereof in violation of the Securities Act
or any applicable state or other securities law, has no present intention of
distributing any of such Securities in violation of the Securities Act or any
applicable state or other securities law and has no direct or indirect
arrangement or understandings with any other persons to distribute or regarding
the distribution of any Securities (this representation and warranty not
limiting the Purchaser’s right to sell the Securities pursuant to a registration
statement or otherwise in compliance with applicable federal and state
securities laws) in violation of the Securities Act or any applicable state or
other securities law.

     

    Section
4.2                                Purchaser
Status.  At the time the Purchaser was offered the Securities,
he was, and at the date hereof he is, an “accredited investor” as defined in
Rule 501(a)(1), (a)(2), (a)(3), (a)(7) or (a)(8) under the Securities
Act.

     

    Section
4.3                                Experience of Such
Purchaser.  The Purchaser, either alone or together with his
representatives, has such knowledge, sophistication and experience in business
and financial matters so as to be capable of evaluating the merits and risks of
the prospective investment in the Securities, and has so evaluated the merits
and risks of such investment.  The Purchaser is able to bear the
economic risk of an investment in the Securities.

     

    Section
4.4                                Provision of
Information. The Purchaser has been afforded (i) the opportunity to ask
such questions as he has deemed necessary of, and to receive answers from,
representatives of the Company concerning the terms and conditions of the
Securities and the finances, operations and business of the Company; and (ii)
the opportunity to request such additional information which the Company
possesses or can acquire without unreasonable effort or expense.

     

    Section
4.5                                Certain
Fees.  No brokerage or finder’s fees or commissions are or will
be payable by the Purchaser to any broker, financial advisor or consultant,
finder, placement agent, investment banker, bank or other Person with respect to
the transactions contemplated by this Agreement.

     

    

    
      
         

      

      
        -5-

        
          

        

      

      
         

      

    

     

    Article
V

     

    Other
Agreements of the Parties

     

    Section
5.1                                Transfer
Restrictions.

     

    (a)           The
Securities may only be disposed of in compliance with state and federal
securities laws.  In connection with any transfer of Securities other
than pursuant to an effective registration statement or Rule 144, or to the
Company, the Company may require the transferor thereof to provide to the
Company an opinion of counsel selected by the transferor and reasonably
acceptable to the Company, the form and substance of which opinion shall be
reasonably satisfactory to the Company, to the effect that such transfer does
not require registration of such transferred Securities under the Securities
Act.  As a condition of transfer, any such transferee shall agree in
writing to be bound by the terms of this Agreement and shall have the rights of
a Purchaser under this Agreement.

     

    (b)           The
Purchaser agrees to the imprinting, so long as is required by this Section 5.1, of a
legend on any of the Securities in the following form:

     

    THIS
SECURITY HAS NOT BEEN  REGISTERED WITH THE SECURITIES AND EXCHANGE
COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN
EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
“SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT
TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO
AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE
REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH
APPLICABLE STATE SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO
THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY
ACCEPTABLE TO THE COMPANY.

     

    (c)           Certificates
evidencing any Securities shall not contain any legend (including the legend set
forth in Section
5.1(b)), (i) while a registration statement covering the resale of such
security is effective under the Securities Act, (ii) following any sale of such
Securities pursuant to Rule 144, (iii) if such Securities are eligible for sale
under Rule 144(b)(1), or (iv) if such legend is not required under applicable
requirements of the Securities Act (including judicial interpretations and
pronouncements issued by the staff of the Commission).  The Company
shall cause its counsel to issue promptly a legal opinion to the Transfer Agent
if required by the Transfer Agent to effect the removal of the legend
hereunder.  If all or any portion of the Preferred Stock is converted
to Common Stock at a time when there is an effective registration statement to
cover the resale of the Conversion Shares, certificates representing such
Conversion Shares shall be issued free of all legends.  The Company
agrees that at such time as such legend is no longer required under this Section 5.1(c), it
will, upon the written request of the Purchaser, no later than 5 Trading Days
following the delivery to the Company or the Transfer Agent of a certificate
representing Preferred Stock or Conversion Shares, as the case may be, issued
with a restrictive legend, deliver or cause to be delivered to such Purchaser a
certificate representing such shares that is free from all restrictive and other
legends.  Notwithstanding the foregoing, the Company shall not be
required to remove any legends until all Securities represented by a single
certificate are no longer subject to restrictions.  If only a portion
of the Securities represented by any single certificate are subject to
restrictions, the holder of the certificate may request, or the Company may
require, that such certificate be cancelled and two new certificates be
issued.  One certificate shall represent, and be in the amount of,
Securities not subject to restrictions and shall bear no legend and the second
certificate shall represent, and be in the amount of, Securities subject to
restrictions and shall bear an appropriate legend.  The Company may
not make any notation on its records or give instructions to the Transfer Agent
that enlarge the restrictions on transfer set forth in this
Section.

     

     

    
      
         

      

      
        -6-

        
          

        

      

      
         

      

    

     

    (d)           The
Purchaser agrees that the removal of the restrictive legend from certificates
representing Securities as set forth in this Section 5.1 is
predicated upon the Company’s reliance that the Purchaser will sell any
Securities pursuant to either the registration requirements of the Securities
Act, including any applicable prospectus delivery requirements, or an exemption
therefrom, and that if Securities are sold pursuant to a registration statement,
they will be sold in compliance with the plan of distribution set forth
therein.

     

    Section
4.2                                Reservation of Common
Stock. As of the date hereof, the Company has reserved and the Company
shall continue to reserve and keep available at all times, free of preemptive
and similar rights, a sufficient number of shares of Common Stock for the
purpose of enabling the Company to issue and deliver Conversion Shares pursuant
to any conversion of the Securities.   

     

    Section
4.3                                Delivery of
Certificates.  The Company shall deliver, or cause to be
delivered, the certificates representing the Preferred Stock to the Purchaser
within 5 Trading Days of the date hereof.

     

    Section
4.4                                Form D; Blue Sky
Filings.  The Company agrees to timely file a Form D with
respect to the Securities as required under Regulation D and to provide a copy
thereof, promptly upon request of the Purchaser. The Company shall take such
action as the Company shall reasonably determine is necessary in order to obtain
an exemption for, or to qualify the Securities for, sale to the Purchaser
pursuant to this Agreement under applicable securities or “Blue Sky” laws of the
states of the United States, and shall provide evidence of such actions promptly
upon request of the Purchaser.  The Purchaser shall take all
commercially reasonable actions that are reasonably requested by the Company
related to, or to effectuate, the filing of a Form D or any filing required
pursuant to the “Blue Sky” laws of the states of the United States which, for
purposes of clarity, shall not include the payment of any fees by the
Purchaser.

     

     

    
      
         

      

      
        -7-

        
          

        

      

      
         

      

    

     

    Section
4.5                                Listing of the
Securities.  The Company shall file such application(s) and
notification(s) to the Trading Market for the listing of the Securities for
trading thereon in the time and manner required thereby.

     

    Section
4.6                                Rule
144.  The Company agrees to make and keep available current
public information, as that term is used in Rule 144, at all times while
Registrable Securities remain outstanding, with a view to making available to
the holders of the Registrable Securities the benefits of Rule 144.

     

    Section
4.7                                Other Covenants of the
Purchaser.  Until the fifth anniversary of the date hereof, the
Purchaser shall:

     

    (a)           use
his commercially reasonable efforts to nominate and elect at all times at least
two Independent Directors as members of the board of directors of the Company
(the “Board”);
and

     

    (b)           not
engage in any Related Party Transaction unless such Related Party Transaction is
approved by at least a majority of the Independent Directors.

     

    Article
VI

     

    Registration
Rights

     

    Section
6.1                                Registration
Rights.  If at any time after the date hereof and as long as
Registrable Securities remain outstanding, the Company shall file with the
Commission a registration statement of the Company under the Securities Act (a
“Registration
Statement”), relating to an offering for its own account or the account
of others under the Securities Act of any of its equity securities (a “Registration”),
the Company shall send to the Purchaser a written notice of such determination
and, if within 15 days after the giving of such notice, the Purchaser shall so
request in writing, the Company shall include in such Registration Statement all
of the Registrable Shares of the Purchaser, except that if, in connection with
any underwritten Registration for the account of the Company, the managing
underwriter(s) thereof shall impose a limitation on the number of shares of
Common Stock which may be included in a Registration Statement because, in such
underwriter(s)’ judgment, marketing or other factors dictate such limitation is
necessary to facilitate public distribution, then the Company shall be obligated
to include in such Registration Statement only such limited portion of the
Registrable Shares as the underwriter(s) shall permit, if any.  If a
Registration in connection with which the Purchaser is entitled to registration
under this Section
6.1 is an underwritten Registration, then the Purchaser shall, unless
otherwise agreed by the Company, offer and sell such Registrable Shares in an
underwritten offering using the same underwriter(s) and, subject to the
provisions of this Article VI, on the
same terms and conditions as other shares of Common Stock included in such
underwritten offering.

     

    (b)  Notwithstanding
any other provision of this Agreement, this Article VI shall not
apply to, and the Purchaser’s right to participate in a Registration shall not
be triggered by, the filing of a Registration Statement (i) covering shares of
Common Stock issued pursuant to an employee benefit plan, (ii) on Form S-4 (or
successor form) under the Securities Act for the purpose of offering such
securities to another business entity or the shareholders of such entity in
connection with the acquisition of assets or shares of capital stock,
respectively, of such entity, or (iii) in connection with a resale shelf
registration filed in connection with an acquisition, reorganization,
recapitalization, merger, consolidation or similar transaction involving the
Company.

     

     

    
      
         

      

      
        -8-

        
          

        

      

      
         

      

    

     

     

    (c)  If
any Registration was initiated by the Company to effect, in whole or in part, a
primary public offering of its securities and, if at any time after giving
written notice of its intention to so register securities and before the
effectiveness of the Registration Statement filed in connection with such
Registration, the Company determines for any reason either not to effect such
Registration or to delay such Registration, the Company may, at its election, by
prior written notice to the Purchaser: (i) in the case of a determination not to
effect such Registration, relieve itself of its obligation set forth this Section 6.1 to
register the Registrable Shares in connection with such Registration; or (ii) in
the case of a determination to postpone such Registration, delay the
Registration of the Registrable Shares for the same period as the Registration
of the Company’s securities is postponed.

     

    (d)  Notwithstanding
any other provision of this Article VI, the
Company shall not be required to effect a Registration pursuant to this Section 6.1, or file
any post-effective amendment to such a Registration:  (i) if a
Registration, or any post-effective amendment to such Registration, requires,
under applicable statutes and rules, a special audit (other than a normal fiscal
year-end audit) of the financial statements of the Company, unless the Purchaser
agrees to pay the fees and expenses of accountants incurred in connection with
the special audit and which would otherwise not be incurred but for the
participation of the Purchaser in such Registration; (ii) the Company has not
received from the Purchaser all information the Company has requested pursuant
to Section
6.3.

     

    Section
6.2                                Company
Obligations.  In connection with the Company’s obligation to
effect a Registration (and only to the extent such Registration includes any
Registrable Shares), it shall:

     

    (a)           Promptly
prepare and file with the Commission a Registration Statement with respect to
the shares to be included in such Registration (the “Registered
Shares”) and use its commercially reasonable efforts to cause the
Registration Statement to become and remain effective as soon as reasonably
practicable thereafter;

     

    (b)           Prepare
and file such amendments to the Registration Statement and supplements to the
prospectus contained therein as may be necessary to keep the Registration
Statement effective as required herein;

     

    (c)           Furnish
to the Purchaser and any underwriters of the Registered Shares such reasonable
number of copies of the Registration Statement and any amendments thereto, any
related prospectus and supplements thereto, all correspondence to and from the
Commission, including comment letters and responses thereto, and such other
documents as such underwriters may reasonably request in order to facilitate the
public offering of the Registered Shares;

     

    (d)           Register
or qualify the Registered Shares under such state securities or “blue sky” laws
of such jurisdictions as the Purchaser may reasonably (in light of a reasonable
plan of distribution) request as soon as reasonably practicable, but in any
event within 20 days following the original filing of the Registration
Statement; provided,
that the Company shall not be required to take any action in any jurisdiction
which would require it to qualify to do business in such jurisdiction or
otherwise subject it to service of process, except with respect to the offering
and sale of the Registered Shares;

     

     

     

    
      
         

      

      
        -9-

        
          

        

      

      
         

      

    

     

    (e)           Notify
the Purchaser promptly after it shall receive notice thereof of the time when
the Registration Statement has become effective or a supplement to any
prospectus forming a part of the Registration Statement has been
filed;

     

    (f)           Notify
the Purchaser promptly of any request by the Commission or applicable state
securities agency for the amending or supplementing of the Registration
Statement or prospectus or for additional information;

     

    (g)           Prepare
and promptly file with the Commission and promptly notify the Purchaser of the
filing of such amendment or supplement to the Registration Statement or
prospectus as may be necessary to correct any statements or omissions if, at the
time when a prospectus relating to the Registered Shares is required to be
delivered under the Securities Act, any event shall have occurred, the result of
which any such prospectus or any other prospectus as then in effect would
include an untrue statement of a material fact or omit to state any material
fact necessary to make the statements therein, in light of the circumstances in
which they were made, not misleading;

     

    (h)           In
case the Purchaser or any underwriter(s) are required to deliver a prospectus at
a time when the prospectus then in circulation is not in compliance with the
Securities Act, the Company will prepare and file such supplements or amendments
to the Registration Statement and such prospectus or prospectuses as may be
necessary to permit compliance with the requirements of the Securities Act as
soon as reasonably practicable thereafter;

     

    (i)           Advise
the Purchaser, promptly after it shall receive notice or obtain knowledge
thereof, of the issuance of any stop order suspending the effectiveness of the
Registration Statement or the initiation or threatening of any proceeding for
that purpose and promptly use its best efforts to prevent the issuance of any
stop order or to obtain its withdrawal if such stop order should be issued;
and

     

    (j)           Permit
the Purchaser a reasonable amount of time (not to exceed 7 days) to review the
Registration Statement, any amendments thereto, and any related prospectus(es)
and supplement(s) thereto prior to their filing with the Commission, and will
not file any such document in a form to which the Purchaser shall reasonably
have objected in writing on the grounds that such document does not comply in
all material respects with the requirements of the Securities Act or the rules
and regulations thereunder.

     

    (k)           In the event of any underwritten public
offering, enter into and perform its obligations under an underwriting
agreement, in usual and customary form, with the managing underwriter(s) of such
offering.

     

     

    
      
         

      

      
        -10-

        
          

        

      

      
         

      

    

     

    
 

    Section
6.3                                Purchaser
Obligations.  In connection with a Registration of the
Registrable Shares, the Purchaser shall have the following
obligations:

     

    (a)           It
shall be a condition precedent to the obligations of the Company to include in a
Registration any Registrable Securities pursuant to this Section VI that the
Purchaser shall furnish to the Company such information regarding himself, the
Registrable Shares and the intended method or manner of disposition of the
Registrable Shares as shall be reasonably required to effect a Registration of
such Registrable Shares and shall execute such documents in connection with such
Registration as the Company may request.  At least 10 business days
prior to the first anticipated filing date of a Registration Statement (which is
intended to include Registrable Securities), the Company shall notify the
Purchaser of the information the Company requires;

     

    (b)           The
Purchaser agrees to cooperate with the Company as reasonably requested by the
Company in connection with the preparation and filing of a Registration
Statement (which is intended to include Registrable Securities);

     

    (c)           The
Purchaser agrees that, upon receipt of any notice from the Company of the
happening of any event of the kind described in Section 6.2(g), the
Purchaser will immediately discontinue disposition of Registrable Shares
pursuant to the Registration Statement covering such Registrable Shares until
the Purchaser’s receipt of the copies of the supplemented or amended prospectus
contemplated by Section 6.2(g) and,
if so directed by the Company, the Purchaser shall deliver to the Company or
destroy (and deliver to the Company a certificate of destruction) all copies in
the Purchaser’s possession, of the prospectus covering such Registrable Shares
current at the time of receipt of such notice;

     

    (d)           The
Purchaser may not participate in any underwritten Registration hereunder unless
the Purchaser (i) agrees to sell his Registrable Shares on the basis provided in
any underwriting arrangements entered into by the Company; (ii) completes and
executes all questionnaires, powers of attorney, indemnities, underwriting
agreements and other documents reasonably required under the terms of such
underwriting arrangements; and (iii) agrees to pay its pro rata share of all
underwriting discounts and commissions applicable to the sale of the Registrable
Securities; and

     

    (e)           The
Purchaser agrees to comply with all applicable laws and regulations in
connection with any sale, transfer or other disposition of Registrable
Shares.

     

    Section
6.4.                                Assignment of Registration
Rights.  The registration
rights provided by this Article VI may be assigned by the Purchaser to a
transferee or assignee of Registrable Securities (for so long as such shares
remain Registrable Securities).

     

    

    
      
         

      

      
        -11-

        
          

        

      

      
         

      

    

     

    Article
VII

     

    Miscellaneous

     

    Section
7.1                                Fees and
Expenses.  Except as expressly set forth in this Agreement to
the contrary, each party shall pay the fees and expenses of its advisers,
counsel, accountants and other experts, if any, and all other expenses incurred
by such party incident to the negotiation, preparation, execution, delivery and
performance of this Agreement.  The foregoing notwithstanding, the
Company shall pay up to $35,000 of fees and expenses incurred by the Purchaser
for legal counsel in relation to the negotiation and execution of this Agreement
and the purchase of the Preferred Stock.  The Company shall pay all
Transfer Agent fees, stamp taxes and other taxes and duties levied in connection
with the delivery of any Securities to the Purchaser.  The Company
shall pay, and shall indemnify the Purchaser against any liability for, any
brokerage or finder’s fees or commissions payable by the Company to any
broker, financial advisor or consultant, finder, placement agent, investment
banker, bank or other Person with respect to the purchase of the Preferred Stock
pursuant to this Agreement.

     

    Section
7.2                                Entire
Agreement.  This Agreement together with any exhibits and
schedules thereto, contain the entire understanding of the parties with respect
to the subject matter hereof and thereof and supersede all prior agreements and
understandings, oral or written, with respect to such matters, which the parties
acknowledge have been merged into such documents, exhibits and
schedules.

     

    Section
7.3                                Notices.  Any
and all notices or other communications or deliveries required or permitted to
be provided hereunder shall be in writing and shall be deemed given and
effective on the earliest of (a) the date of transmission, if such notice or
communication is delivered via facsimile prior to 5:30 p.m. (New York City time)
on a Business Day, (b) the next Business Day after the date of transmission, if
such notice or communication is delivered via facsimile on a day that is not a
Business Day or later than 5:30 p.m. (New York City time) on any Business Day,
(c) the second Business Day following the date of mailing, if sent by nationally
recognized overnight courier service, or (d) upon actual receipt by the party to
whom such notice is required to be given.  The address or facsimile
number for such notices and communications shall as follows:

    

    
      
        	
                If to the
      Company:

              	
                Astea
      International, Inc.

              
	 
      	
                240
      Gibraltar Road

              
	 
      	
                Horsham,
      PA 19044

              
	 
      	
                Facsimile:
      (215) 682-2515

              
	 
      	
                Attention:
      Rick Etskovitz

              
	 
      	 
      
	
                with a copy
      to:

              	
                Pepper
      Hamilton LLP

              
	 
      	
                3000
      Two Logan Square

              
	 
      	
                Eighteenth
      and Arch Streets

              
	 
      	
                Philadelphia,
      PA 19003

              
	 
      	
                Facsimile:
      (215) 981-4750

              
	 
      	
                Attention:
      Barry M. Abelson, Esq.

              

      

    

     

     

    
      
         

      

      
        -12-

        
          

        

      

      
         

      

    

     

    
      
        	
                If
      to the Purchaser:

              	
                Zack
      Bergreen

              
	 
      	
                P.O.
      Box 488

              
	 
      	
                Gwynedd
      Valley, PA 19437

              
	 
      	
                Facsimile:
      (215) 619-4756

              
	 
      	 
      
	
                with
      a copy to:

              	
                McCausland
      Keen & Buckman

              
	 
      	
                Radnor
      Court, Suite 160

              
	 
      	
                259
      N. Radnor Chester Road

              
	 
      	
                Facsimile:
      (610) 341-1099

              
	 
      	
                Attention:
      Nancy D. Weisberg, Esq.

              

      

    

     

    Section
7.4                                Amendments;
Waivers.  No provision of this Agreement may be waived or
amended except in a written instrument signed, in the case of an amendment, by
the parties or, in the case of a waiver, by the party against whom enforcement
of any such waived provision is sought.  No waiver of any default with
respect to any provision, condition or requirement of this Agreement shall be
deemed to be a continuing waiver in the future or a waiver of any subsequent
default or a waiver of any other provision, condition or requirement hereof, nor
shall any delay or omission of any party to exercise any right hereunder in any
manner impair the exercise of any such right.

     

    Section
7.5                                Successors and
Assigns.  This Agreement shall be binding upon and inure to the
benefit of the parties and their successors and permitted
assigns.  The Purchaser may not assign its rights hereunder without
the written consent of the Company.

     

    Section
7.6                                No Third-Party
Beneficiaries.  This Agreement is intended for the benefit of
the parties hereto and their respective successors and permitted assigns and is
not for the benefit of, nor may any provision hereof be enforced by, any other
Person.

     

    Section
7.7                                Governing
Law.  All questions concerning the construction, validity,
enforcement and interpretation of this Agreement shall be governed by and
construed and enforced in accordance with the internal laws of the State of
Delaware, without regard to the principles of conflicts of law
thereof.

     

    Section
7.8                                Execution.  This
Agreement may be executed in more than one counterparts, all of which when taken
together shall be considered one and the same agreement and shall become
effective when counterparts have been signed by each party and delivered to the
other party, it being understood that both parties need not sign the same
counterpart.  In the event that any signature is delivered by
facsimile transmission or by e-mail delivery of a “.pdf” format data file, such
signature shall create a valid and binding obligation of the party executing (or
on whose behalf such signature is executed) with the same force and effect as if
such facsimile or “.pdf” signature page were an original thereof.

     

    Section
7.9                                Severability.  If
any term, provision, covenant or restriction of this Agreement is held by a
court of competent jurisdiction to be invalid, illegal, void or unenforceable,
the remainder of the terms, provisions, covenants and restrictions set forth
herein shall remain in full force and effect and shall in no way be affected,
impaired or invalidated, and the parties hereto shall use their commercially
reasonable efforts to find and employ an alternative means to achieve the same
or substantially the same result as that contemplated by such term, provision,
covenant or restriction. It is hereby stipulated and declared to be the
intention of the parties that they would have executed the remaining terms,
provisions, covenants and restrictions without including any of such that may be
hereafter declared invalid, illegal, void or unenforceable.

     

     

    
      
         

      

      
        -13-

        
          

        

      

      
         

      

    

     

    Section
7.10                                Replacement of
Securities.  If any certificate or instrument evidencing any
Securities is mutilated, lost, stolen or destroyed, the Company shall issue or
cause to be issued in exchange and substitution for and upon cancellation
thereof (in the case of mutilation), or in lieu of and substitution therefor, a
new certificate or instrument, but only upon receipt of evidence reasonably
satisfactory to the Company of such loss, theft or destruction.  The
applicant for a new certificate or instrument under such circumstances shall
also pay any reasonable third-party costs (including customary indemnity)
associated with the issuance of such replacement Securities.

     

    Section
7.11                                Remedies.  In
addition to being entitled to exercise all rights provided herein or granted by
law, including recovery of damages, the parties will be entitled to specific
performance under this Agreement.  The parties agree that monetary
damages may not be adequate compensation for any loss incurred by reason of any
breach of obligations contained in this Agreement and hereby agrees to waive and
not to assert in any action for specific performance of any such obligation the
defense that a remedy at law would be adequate.

     

                 
Section
7.12                                  Construction. The
parties agree that each of them and/or their respective counsel has reviewed and
had an opportunity to revise this Agreement and, therefore, the normal rule of
construction to the effect that any ambiguities are to be resolved against the
drafting party shall not be employed in the interpretation of this Agreement or
any amendments hereto.

     

    Section
7.13                                No
Conflict.  Each of the parties (a) hereby confirms that no
engagement that Pepper Hamilton LLP has undertaken or may undertake on behalf of
the Company or the Purchaser or any of their respective current or former
Affiliates will be asserted by any of the Company or the Purchaser either as a
conflict of interest with respect to, or as a basis to preclude, challenge or
otherwise disqualify Pepper Hamilton LLP from, any current or future
representation of the Company, the Purchaser or any of their respective current
or former Affiliates (except, with regard to the Purchaser, representation
related to the purchase of the Preferred Stock pursuant to this Agreement), and
(b) hereby waives any conflict of interest that exists on or prior to the
Effective Date, or that might be asserted to exist after the Effective Date, and
any other basis that might be asserted to preclude, challenge or otherwise
disqualify Pepper Hamilton LLP in any representation of the Company, the
Purchaser or any of their respective current or former Affiliates with respect
to any such matter (except, with regard to the Purchaser, representation related
to the purchase of the Preferred Stock pursuant to this Agreement).

     

    [signature
pages follow]

     

     

     

    
      
         

      

      
        -14-

        
          

        

      

      
         

      

    

    
 

     

    The
parties hereto have caused this Preferred Stock Purchase Agreement to be duly
executed as of the Effective Date.

     

    

    
      	 
      	
              The
      Company:

               

              Astea
      International, Inc.

               

               

              By:      /s/ John
      Tobin

              Name:  John
      Tobin

              Title:    President

            

    

    

    
      	 
      	
              The
      Purchaser:

               

               

              /s/ Zack
      Bergreen

              Zack
      Bergreen

            

    

    

     

     

     

     

     

     

     

     

     

     

     

     

    
      [signature
page to the Preferred Stock Purchase Agreement]

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