Document:

Exhibit 10.2

 

EXECUTION COPY

 

STOCKHOLDER IRREVOCABLE UNDERTAKING

 

This STOCKHOLDER
IRREVOCABLE UNDERTAKING (this “Undertaking”)
is made and entered into as of June       ,
2005, by and between Intentia International
AB (publ), a company organized under the laws of Sweden, (“Intentia”), and the undersigned Stockholder (“Stockholder”) of Lawson Software, Inc., a Delaware
corporation (“Lawson”).

 

RECITALS

 

A.                                   Intentia,
Lawson , Lion Holdings, Inc.,
a Delaware corporation (“Bidder”) and Lion Acquisition, Inc., a Delaware
corporation (“Lion Acquisition”) have entered
into a Transaction Agreement (the “Transaction
Agreement”).  Lawson has
organized Bidder and caused Bidder to organize Lion Acquisition for the purpose
of reorganizing Lawson into a holding company through a merger of Lion
Acquisition with and into Lawson, with Lawson as the surviving corporation (the
“Merger”) pursuant to an Agreement of
Merger between Lawson and Lion Acquisition (the “Merger
Agreement”).  As a result of
the Merger, Lawson will become a wholly owned subsidiary of Bidder.  Bidder will enter into a business combination
with Intentia pursuant to the Transaction Agreement by means of a recommended
public offer by Bidder for all of the issued and outstanding shares, warrants
and convertible notes of Intentia (the “Offer”);

 

B.                                     Such
Offer will be publicly announced by way of a press release issued by Lawson and
Intentia setting forth the terms and conditions of the purchase and in the
agreed form as set out in Appendix 1 (the “Press Announcement”);

 

C.                                     Stockholder
is the beneficial owner (as such term is defined under Rule 13(d)(3) promulgated
under the Securities Exchange Act of 1934, as amended) of such number of shares
of Common Stock, par value $0.01 per share, of Lawson (“Lawson Common Stock”) as set forth on the
signature page hereof, and options, warrants or other rights to acquire
such number of shares of Lawson Common Stock as set forth on the signature page hereof;
and

 

D.                                    As
an inducement and a condition to entering into the Transaction Agreement and
issuing its press release, Intentia has requested that Stockholder agree, and
Stockholder has agreed (in Stockholder’s capacity as such), to enter into this
Agreement in order to facilitate the consummation of the Offer.

 

NOW, THEREFORE,
intending to be legally bound, the parties hereto agree as follows:

 

1.                                       Definitions.  For the purposes of this Agreement,
capitalized terms that are used but not defined herein shall have the
respective meanings ascribed thereto in the Transaction Agreement.

 

“Expiration Date”
shall mean the earlier to occur of (i) six months after the earlier date
of (A) the termination of the Offer by Lawson in accordance with the terms
and conditions set forth in the Press Announcement, or (B) termination of
the Transaction Agreement or (ii) such date

 

 

and time as the Offer
shall have consummated in accordance with the terms and conditions set forth in
the Transaction Agreement and the Press Announcement.

 

“Person”
shall mean any individual, any corporation, limited liability company, general
or limited partnership, business trust, unincorporated association or other
business organization or entity, or any governmental authority.

 

“Shares”
shall mean: (i) all securities of Lawson (including all shares of Lawson
Common Stock and all options, warrants and other rights to acquire shares of
Lawson Common Stock) owned by Stockholder as of the date of this Agreement, and
(ii) all additional securities of Lawson (including all additional shares
of Lawson Common Stock and all additional options, warrants and other rights to
acquire shares of Lawson Common Stock) of which Stockholder acquires beneficial
ownership during the period commencing with the execution and delivery of this
Agreement until the Expiration Date.

 

A Person shall be deemed to have effected a “Transfer” of a security if such Person
directly or indirectly (i) offers for sale, sells, assigns, pledges,
encumbers, grants an option with respect to, transfers or otherwise disposes of
such security or any interest therein, or (ii) enters into an agreement,
commitment or other arrangement providing for the sale of, assignment of,
pledge of, encumbrance of, granting of an option with respect to, transfer of
or disposition of such security or any interest therein; provided, however,
that the granting by Stockholder of a security interest in Shares to a
brokerage firm to secure a cash loan from such brokerage firm for the purpose
of purchasing shares of Lawson Common Stock upon exercise of Lawson Options
outstanding on the date of this Agreement shall not be deemed a “Transfer” for purposes of this Agreement.

 

2.                                       Restriction
on Transfer, Proxies and Non-Interference. 
Except as expressly contemplated by this Agreement, at all times during
the period commencing with the execution and delivery of this Agreement and
continuing until the Expiration Date, Stockholder shall not, directly or
indirectly, (i) cause or permit the Transfer of any of the Shares to be
effected, or discuss, negotiate or make any offer regarding any Transfer of any
of the Shares, (ii) grant any proxies or powers of attorney with respect
to any of the Shares, deposit any of the Shares into a voting trust or enter
into a voting agreement or other similar commitment or arrangement with respect
to any of the Shares in contravention of the obligations of Stockholder under
this Agreement, (iii) request that Lawson register the Transfer of any
certificate or uncertificated interest representing any of the Shares, or (iv) take
any action that would make any representation or warranty of Stockholder
contained herein untrue or incorrect, or have the effect of preventing or
disabling Stockholder from performing any of Stockholder’s obligations under
this Agreement.  Notwithstanding the
foregoing or anything to the contrary set forth in this Agreement, (A) Stockholder
may Transfer any or all of the Shares pursuant to, and in accordance with, the
terms of Stockholder’s 10b-5 plan or arrangement with Lawson, if any, as
in effect as of the date hereof, and (B) Stockholder may sell Shares for
cash to the extent necessary to pay taxes incurred as a direct result of the
exercise of Lawson Options after the date hereof.

 

3.                                       Voting
Agreement.  At any meeting of Lawson’s
stockholders called with respect to the following, however called, and at every
adjournment or postponement thereof, Stockholder shall appear at such meeting,
in person or by proxy, or otherwise cause all of the

 

2

 

Shares to be counted as present thereat for purposes
of establishing a quorum thereat, and Stockholder shall vote, or cause to be
voted (and on every action or approval by written consent of stockholders with
respect to the following, act, or cause to be acted, by written consent) with
respect to all of the Shares that Stockholder is entitled to vote or as to
which Stockholder has the right to direct the voting, as of the relevant record
date:

 

(a)                                  in
favor of the issuance of shares of Bidder Common Stock in connection with the
Offer;

 

(b)                                 in
favor of adoption of the Merger Agreement and approval of the transactions
contemplated thereby; and

 

(c)                                  against
any proposal made in opposition to, or in competition with, consummation of the
Offer, including any Acquisition Proposal.

 

4.                                       Irrevocable
Proxy.  Concurrently with the
execution of this Agreement, Stockholder shall deliver to Intentia an
irrevocable proxy in the form attached hereto as Exhibit A (the “Proxy”), which shall be irrevocable to the
fullest extent permitted by applicable law, with respect to the Shares.

 

5.                                       Representations
and Warranties.  Stockholder hereby
represents and warrants to Intentia as follows:

 

(a)                                  Ownership
of Shares.  Stockholder is the
beneficial owner (as such term is defined under Rule 13(d)(3) promulgated
under the Securities Exchange Act of 1934, as amended, except that such terms
shall include Shares that may be acquired more than sixty (60) days from the
date hereof) of all of the Shares. 
Stockholder has sole voting power and the sole power of disposition with
respect to all of the Shares, with no limitations, qualifications or
restrictions on such rights, subject to applicable federal securities laws and
the terms of this Agreement.  Stockholder
is the sole record holder (as reflected in the records maintained by Lawson’s
transfer agent for Lawson Common Stock) of all of the Shares.

 

(b)                                 Power;
Binding Agreement.  Stockholder has
the legal capacity, power and authority to enter into and perform all of
Stockholder’s obligations under this Agreement. 
The execution, delivery and performance of this Agreement by Stockholder
will not violate any agreement or court order to which Stockholder is a party
or is subject, including, without limitation, any voting agreement or voting
trust.  This Agreement has been duly and
validly executed and delivered by Stockholder and constitutes a valid and
binding agreement of Stockholder, enforceable against Stockholder in accordance
with its terms.

 

(c)                                  No
Consents.  To his, her or its
knowledge, the execution and delivery of this Agreement by Stockholder does
not, and the performance by Stockholder of his, her or its obligations
hereunder will not, require Stockholder to obtain any consent, approval,
authorization or permit of, or to make any filing with or notification to, any
Governmental Authority.

 

3

 

6.                                       No
Ownership Interest.  Nothing
contained in this Agreement shall be deemed to vest in Intentia any direct or
indirect ownership or incidence of ownership of or with respect to any
Shares.  Except as provided in this
Agreement, all rights, ownership and economic benefits relating to the Shares
shall remain vested in and belong to Stockholder.

 

7.                                       No
Solicitation.   Shareholder, in its
capacity as a shareholder, shall not, and shall cause each of its representatives
(other than Lawson and its subsidiaries) not to, take any action that would
constitute a breach of Paragraph 11 of the Transaction Agreement if such action
were taken by Lawson.. 

 

8.                                       Stockholder
Notification of Acquisition of Additional Shares.  At all times during the period commencing
with the execution and delivery of this Agreement and continuing until the
Expiration Date, Stockholder shall promptly notify Intentia of the number of
any additional shares of Lawson Common Stock and the number and type of any
other voting securities of Lawson acquired by Stockholder, if any, after the
date hereof.

 

9.                                       Termination.  This Agreement shall terminate immediately
and automatically, without any action on the part of any party hereto, as of
the Expiration Date.

 

10.                                 Directors
and Officers.  Notwithstanding
anything in this Agreement to the contrary, if Stockholder is a director or
officer of Lawson, nothing contained in this Agreement shall prohibit such
director or officer from acting in his/her capacity as such or from taking such
action as a director or officer of Lawson that may be required on the part of
such person as a director or officer of Lawson, including acting in compliance
with paragraph 2 and11.2 of the Transaction Agreement.

 

11.                                 Miscellaneous.

 

(a)                                  Entire
Agreement.  This Agreement
constitutes the entire agreement among the parties with respect to the subject
matter hereof and supersede all prior agreements and understandings, both
written and oral, among the parties with respect to the subject matter hereof.

 

(b)                                 Certain
Events.  This Agreement and the
obligations hereunder shall attach to all of the Shares and shall be binding
upon any person to whom legal or beneficial ownership of any of the Shares
shall pass, whether by operation of law or otherwise.  Notwithstanding any Transfer of any of the
Shares, the transferor shall remain liable for the performance of all
obligations of the transferor under this Agreement.  Notwithstanding the foregoing or anything to
the contrary set forth in this Agreement, this Agreement and the obligations
hereunder shall not attach to any Shares that are Transferred, and shall not be
binding upon any person to whom legal or beneficial ownership of any of the
Shares shall pass, in any Transfer effected by Stockholder pursuant to the last
sentence of Section 2 of this Agreement.

 

(c)                                  Assignment.  No party may assign either this Agreement or
any of its rights, interests, or obligations hereunder without the prior
written approval of the other parties. 
Any purported assignment in violation of this Section shall be
void.

 

4

 

(d)                                 Amendments,
Waivers, Etc.  This Agreement may not
be amended, changed, supplemented, waived or otherwise modified or terminated,
except upon the execution and delivery of a written agreement executed by the
parties hereto.

 

(e)                                  Notices.  All notices and other communications
hereunder shall be in writing and shall be deemed duly given (i) on the
date of delivery if delivered personally, (ii) on the date of confirmation
of receipt (or, the first business day following such receipt if the date is
not a business day) of transmission by telecopy or telefacsimile, or (iii) on
the date of confirmation of receipt (or, the first business day following such
receipt if the date is not a business day) if delivered by a nationally
recognized courier service.  All notices
hereunder shall be delivered as set forth below, or pursuant to such other
instructions as may be designated in writing by the party to receive such
notice: 

 

(i)                                     if
to Intentia, to:

 

Vendevägen
89

Box
596

SE-182
15 Danderyd

Sweden

Attention:  Niklas Björkqvist

Telephone
No.:  +46 (0)8 5552 5000

Telecopy
No.: +46 (0)8 5552 5999

 

(ii)                                  if
to Stockholder, to the address for notice set forth on the signature page hereof.

 

with
copies to

 

Dorsey &
Whitney LLP

Suite 1500

50
South Sixth Street

Minneapolis,
MN 55402

Attention:  Jonathan B. Abram

Telephone
No.:  (612) 343-7962

Telecopy
No.:  (612) 340-8738

 

(f)                                    Severability.  In the event that any provision of this
Agreement or the application thereof, becomes or is declared by a court of
competent jurisdiction to be illegal, void or unenforceable, the remainder of
this Agreement will continue in full force and effect and the application of
such provision to other Persons or circumstances will be interpreted so as
reasonably to effect the intent of the parties hereto.  The parties further agree to replace such
void or unenforceable provision of this Agreement with a valid and enforceable
provision that will achieve, to the greatest extent possible, the economic,
business and other purposes of such void or unenforceable provision.

 

5

 

(g)                                 No
Waiver.  The failure of any party
hereto to exercise any right, power or remedy provided under this Agreement or
otherwise available in respect hereof at law or in equity, or to insist upon
compliance by any other party hereto with its obligations hereunder, and any
custom or practice of the parties at variance with the terms hereof, shall not
constitute a waiver by such party of its right to exercise any such or other
right, power or remedy or to demand such compliance.

 

(h)                                 Governing
Law.  This Agreement shall be
governed by and construed in accordance with the laws of the State of New York,
USA, without regard to its principles of conflicts of laws (except to the
extent that applicable laws governing the corporate organization of Lawson or
Intentia mandate the application of the laws of the jurisdiction of organization
of such party and except to the extent that the application of the laws of
Sweden apply to the Offer).  Each
party irrevocably and unconditionally consents and submits to the jurisdiction
of the state and federal courts located in the state of Delaware for purposes
of any action, suit or proceeding arising out of or relating to this Agreement.

 

(i)                                     Other
Remedies; Specific Performance.

 

(i)                                     Other
Remedies.  Except as otherwise
provided herein, any and all remedies herein expressly conferred upon a party will
be deemed cumulative with and not exclusive of any other remedy conferred
hereby, or by law or equity upon such party, and the exercise by a party of any
one remedy will not preclude the exercise of any other remedy.  The parties hereto agree that irreparable
damage would occur in the event that any of the provisions of this Agreement
were not performed in accordance with their specific terms or were otherwise
breached.

 

(ii)                                  Specific
Performance.  It is accordingly
agreed that the parties shall be entitled to seek an injunction or injunctions
to prevent breaches of this Agreement and to enforce specifically the terms and
provisions hereof in any court of the United States or any state having
jurisdiction, this being in addition to any other remedy to which they are
entitled at law or in equity.

 

(j)                                     Counterparts.  This Agreement may be executed in any number
of counterparts, all of which shall be considered one and the same agreement
and shall become effective when one or more counterparts have been signed by
each of the parties and delivered to the other party, it being understood that
all parties need not sign the same counterpart.

 

(k)                                  Further
Assurances.  At the request of any
party to another party or parties to this Agreement, such other party or parties
shall execute and deliver such instruments or documents to evidence or further
effectuate (but not to enlarge) the respective rights and obligations of the
parties and to evidence and effectuate any termination of this Agreement.

 

(l)                                     Public
Disclosure.  Shareholder shall not
issue any statement or communication to any third party that would be
constitute a breach of Section 13 of the Transaction Agreement if such
statement or communication were made by Lawson..

 

6

 

IN WITNESS WHEREOF,
the undersigned have executed, or caused this Stockholder Irrevocable
Undertaking to be executed by a duly authorized officer, as of the date first
written above.

 

 

	
   

  	
  INTENTIA
  INTERNATIONAL AB

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  STOCKHOLDER:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Signature:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Address:

  	
   

  
	
   

  	
  Facsimile No.:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Shares
  beneficially Owned:

  
	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Lawson common
  shares

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Lawson common
  shares issuable upon exercise of outstanding options or warrants

  
											

 

7

 

EXHIBIT A

 

Irrevocable Proxy

 

The undersigned Stockholder (the “Stockholder”) of Lawson Software, Inc.,
a Delaware corporation (“Lawson”),
hereby irrevocably (to the fullest extent permitted by law) appoints Romesh
Wadhwani and Bertrand Sciard of Intentia International AB, a company organized
under the laws of Sweden (“Intentia”),
as the sole and exclusive attorneys and proxies of the undersigned, with full
power of substitution and resubstitution, to vote and exercise all voting and
related rights (to the full extent that the undersigned is entitled to do so)
with respect to all of the shares of capital stock of Lawson that now are or
hereafter may be beneficially owned by the undersigned, and any and all other
shares or securities of Lawson issued or issuable in respect thereof on or
after the date hereof (collectively, the “Shares”),
in accordance with the terms of this Proxy. 
The Shares beneficially owned by Stockholder as of the date of this
Proxy are listed on the final page of this Proxy, along with the number(s)
of the stock certificate(s) which represent such Shares.  Upon Stockholder’s execution of this Proxy,
any and all prior proxies given by the undersigned with respect to any Shares
are hereby revoked and Stockholder agrees not to grant any subsequent proxies
with respect to the Shares until after the Expiration Date (as defined below).

 

This Proxy is irrevocable (to the fullest extent
permitted by law), is coupled with an interest and is granted pursuant to that
certain Stockholder Undertaking of even date herewith (the “Stockholder Undertaking”) by and between
Intentia and the undersigned Stockholder of Lawson, and is granted in
consideration of Intentia, Lawson, Lion
Holdings, Inc., a Delaware corporation (“Bidder”)
and Lion Acquisition, Inc.,
a Delaware corporation (“Lion Acquisition”)
entering into that certain Transaction Agreement of even date herewith (as it
may hereafter be amended from time to time in accordance with the provisions
thereof, the “Transaction Agreement”).  The Transaction Agreement provides for the
offer of Bidder Common Stock for all of the shares held by Intentia’s
stockholders at fixed exchange ratios. 
As used in this Proxy, the term “Expiration
Date” shall mean the earlier to occur of (i) six months after
the earlier date of (A) the termination of the Offer by Lawson in
accordance with the terms and conditions set forth in the Press Announcement,
or (B) January 31, 2006 or (ii) such date and time as the Offer
shall have consummated in accordance with the terms and conditions set forth in
the Transaction Agreement and the Press Announcement.

 

The attorneys and proxies named above, and each of
them, are hereby authorized and empowered by Stockholder, at any time prior to
the Expiration Date, to act as Stockholder’s attorney and proxy to vote all of
the Shares, and to exercise all voting, consent and similar rights of the
undersigned with respect to all of the Shares (including, without limitation,
the power to execute and deliver written consents) at every annual or special
meeting of stockholders of Lawson (and at every adjournment or postponement
thereof), and in every written consent in lieu of such meeting:

 

(a)                                  in
favor of issuance of shares of Bidder Common Stock to be offered to Intentia
shareholders and warrant holders in consideration for Intentia’s Series A
and Series B Shares and Warrants in accordance with the Offer;

 

 

(b)                                 in
favor of adoption of the Merger Agreement and approval of the transactions
contemplated thereby; and

 

(c)                                  against
any proposal made in opposition to, or in competition with, consummation of the
Offer or the Merger, including any Acquisition Proposal.

 

The attorneys and proxies named above may not exercise
this Proxy on any other matter except as provided in clauses (a), (b) and (c) above.  Stockholder may vote the Shares on all other
matters.  Notwithstanding anything in
this Proxy to the contrary, if Stockholder is a director or officer of Lawson,
nothing contained in this Proxy shall prohibit such director or officer from
acting in his/her capacity as such or from taking such action as a director or
officer of Lawson that may be required on the part of such person as a director
or officer of Lawson, including acting in compliance with the Transaction
Agreement.

 

Any obligation of Stockholder hereunder shall be
binding upon the successors and assigns of Stockholder.

 

This Proxy shall terminate and be of no further force
and effect, automatically upon the Expiration Date.

 

IN WITNESS WHEREOF,
Stockholder has caused this Irrevocable Proxy to be duly executed as of the day
and year first above written.

 

 

	
   

  	
  STOCKHOLDER:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Signature:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Address:

  	
   

  
	
   

  	
  Facsimile No.:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Shares
  beneficially Owned:

  
	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Lawson common
  shares

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Lawson common
  shares issuable upon exercise of outstanding options or warrants

  	
   

  
									

 

2Exhibit 10.3

 

EXECUTION COPY

 

SHAREHOLDER IRREVOCABLE UNDERTAKING

 

This SHAREHOLDER
IRREVOCABLE UNDERTAKING (this “Undertaking”)
is made and entered into as of June       ,
2005, by and between Lawson Software, Inc.,
a Delaware corporation (“Lawson”), and the
undersigned Shareholder (“Shareholder”)
of Intentia International AB, a
company organized under the laws of Sweden (“Intentia”).

 

RECITALS

 

A.            Intentia,
Lawson, Lion Holdings, Inc.,
a Delaware corporation (“Bidder”) and Lion Acquisition, Inc., a Delaware
corporation (“Lion Acquisition”) have entered
into a Transaction Agreement (the “Transaction
Agreement”).  Lawson has
organized Bidder and caused Bidder to organize Lion Acquisition for the purpose
of reorganizing Lawson into a holding company through a merger of Lion
Acquisition with and into Lawson, with Lawson as the surviving corporation (the
“Merger”) pursuant to an Agreement of
Merger between Lawson and Lion Acquisition (the “Merger
Agreement”).  As a result of
the Merger, Lawson will become a wholly owned subsidiary of Bidder.  Bidder will enter into a business combination
with Intentia pursuant to the Transaction Agreement by means of a recommended
public offer by Bidder for all of the issued and outstanding shares, warrants
and convertible notes of Intentia (the “Offer”);

 

B.            Such
Offer will be publicly announced by way of a press release issued by Lawson and
Intentia setting forth the terms and conditions of the purchase and in the
agreed form as set out in Appendix 1 (the “Press Announcement”);

 

C.            Shareholder
is the beneficial owner of such number of shares of such Series A and/or Series B
Intentia shares, as set forth on the signature page hereof, and warrants
to acquire such number of shares of Intentia Series B shares (“Warrants”) as set forth on the signature page hereof.

 

D.            As an
inducement and a condition to entering into the Transaction Agreement and
issuing a proxy statement to its stockholders requesting approval of the
issuance of the shares of Bidder Stock to the Intentia Shareholders in
consideration for Intentia Shares, Lawson has requested that Shareholder agree,
and Shareholder has agreed (in Shareholder’s capacity as such), to enter into
this Agreement in order to facilitate the consummation of the Offer.

 

NOW, THEREFORE,
intending to be legally bound, the parties hereto agree as follows:

 

1.             Definitions.  For the purposes of this Agreement,
capitalized terms that are used but not defined herein shall have the
respective meanings ascribed thereto in the Transaction Agreement.

 

“Expiration Date”
shall mean the earlier to occur of (i) six months after the earlier date
of (A) the termination of the Offer by Lawson in accordance with the terms
and conditions set forth in the Press Announcement, or (B) termination of
the Transaction Agreement, or (ii) such date

 

 

and time as the Offer
shall have consummated in accordance with the terms and conditions set forth in
the Press Announcement.

 

“Person”
shall mean any individual, any corporation, limited liability company, general
or limited partnership, business trust, unincorporated association or other
business organization or entity, or any governmental authority.

 

“Shares”
shall mean: (i) all securities of Intentia (including all shares of
Intentia Series A and Intentia Series B capital stock and all
options, warrants and other rights to acquire Intentia Shares) owned by
Shareholder as of the date of this Agreement, and (ii) all additional
securities of Intentia (including all additional Intentia Shares and all
additional options, warrants and other rights to acquire Intentia Shares) of
which Shareholder acquires beneficial ownership during the period commencing
with the execution and delivery of this Agreement until the Expiration Date.

 

A Person shall be deemed to have effected a “Transfer” of a security if such Person
directly or indirectly (i) offers for sale, sells, assigns, pledges,
encumbers, grants an option with respect to, transfers or otherwise disposes of
such security or any interest therein, or (ii) enters into an agreement,
commitment or other arrangement providing for the sale of, assignment of,
pledge of, encumbrance of, granting of an option with respect to, transfer of
or disposition of such security or any interest therein; provided, however, that the granting by
Shareholder of a security interest in Shares to a brokerage firm to secure a
cash loan from such brokerage firm for the purpose of purchasing Intentia
Shares upon exercise of Intentia options or warrants outstanding on the date of
this Agreement shall not be deemed a “Transfer”
for purposes of this Agreement.

 

2.             Restriction
on Transfer, Proxies and Non-Interference. 
Except as expressly contemplated by this Agreement, at all times during
the period commencing with the execution and delivery of this Agreement and continuing
until the Expiration Date, Shareholder shall not, directly or indirectly, (i) cause
or permit the Transfer of any of the Shares to be effected, or discuss,
negotiate or make any offer regarding any Transfer of any of the Shares, (ii) grant
any proxies or powers of attorney with respect to any of the Shares, deposit
any of the Shares into a voting trust or enter into a voting agreement or other
similar commitment or arrangement with respect to any of the Shares in
contravention of the obligations of Shareholder under this Agreement, (iii) request
that Intentia register the Transfer of any certificate or uncertificated
interest representing any of the Shares, or (iv) take any action that
would make any representation or warranty of Shareholder contained herein
untrue or incorrect, or have the effect of preventing or disabling Shareholder
from performing any of Shareholder’s obligations under this Agreement.  Notwithstanding the foregoing or anything to
the contrary set forth in this Agreement, Shareholder may sell Shares for cash
to the extent necessary to pay taxes incurred as a direct result of the
exercise of Intentia options or warrants after the date hereof.

 

3.             Undertaking.  Shareholder hereby undertakes to (i) accept
the Offer in respect of the Shares, including all Warrants, and tender such
Shares, including all Warrants, within 15 business days from the date on which
the acceptance period under the Offer commences and not withdraw such
acceptance once tendered; and (ii) vote against any proposal made in
opposition to, or in competition with, consummation of the Offer, including any
Acquisition Proposal, at any meetings of the shareholders of Intentia at which
any such proposal is considered.

 

2

 

4.             Representations
and Warranties.  Shareholder hereby
represents and warrants to Intentia as follows:

 

(a)           Ownership
of Shares.  Shareholder is the
beneficial owner of all of the Shares. 
Shareholder has sole voting power and the sole power of disposition with
respect to all of the Shares, with no limitations, qualifications or
restrictions on such rights, subject to applicable federal securities laws and
the terms of this Agreement.  Shareholder
is the sole record holder (as reflected in the records maintained by Intentia’s
transfer agent for Intentia Shares) of all of the Shares.

 

(b)           Power;
Binding Agreement.  Shareholder has
the legal capacity, power and authority to enter into and perform all of
Shareholder’s obligations under this Agreement. 
The execution, delivery and performance of this Agreement by Shareholder
will not violate any agreement or court order to which Shareholder is a party
or is subject, including, without limitation, any voting agreement or voting
trust.  This Agreement has been duly and
validly executed and delivered by Shareholder and constitutes a valid and
binding agreement of Shareholder, enforceable against Shareholder in accordance
with its terms.

 

(c)           No
Consents.  To his, her or its
knowledge, the execution and delivery of this Agreement by Shareholder does
not, and the performance by Shareholder of his, her or its obligations
hereunder will not, require Shareholder to obtain any consent, approval,
authorization or permit of, or to make any filing with or notification to, any
Governmental Authority.

 

5.             No
Ownership Interest.  Nothing
contained in this Agreement shall be deemed to vest in Lawson any direct or
indirect ownership or incidence of ownership of or with respect to any
Shares.  Except as provided in this
Agreement, all rights, ownership and economic benefits relating to the Shares
shall remain vested in and belong to Shareholder.

 

6.             No
Solicitation.  Shareholder, in its
capacity as a shareholder, shall not, and shall cause each of its
representatives and subsidiaries (other than Intentia and its subsidiaries) not
to, take any action that would constitute a breach of Paragraph 11 of the
Transaction Agreement if such action were taken by Intentia. 

 

7.             Shareholder
Notification of Acquisition of Additional Shares.  At all times during the period commencing
with the execution and delivery of this Agreement and continuing until the
Expiration Date, Shareholder shall promptly notify Lawson of the number of any
additional Intentia Shares and the number and type of any other voting
securities of Intentia acquired by Shareholder, if any, after the date hereof.

 

8.             Termination.  This Agreement shall terminate immediately
and automatically, without any action on the part of any party hereto, as of
the Expiration Date.

 

9.             Directors
and Officers.  Notwithstanding
anything in this Agreement to the contrary, if Shareholder is a director or
officer of Intentia, nothing contained in this Agreement shall prohibit such
director or officer from acting in his/her capacity as such or from taking such
action as a director or officer of Intentia that may be required on the part of
such person as a

 

3

 

director or officer of Intentia, including acting in
compliance with Paragraph 2 or 11.2 of the Transaction Agreement.

 

10.           Miscellaneous.

 

(a)           Entire
Agreement.  This Agreement
constitutes the entire agreement among the parties with respect to the subject
matter hereof and supersede all prior agreements and understandings, both
written and oral, among the parties with respect to the subject matter hereof.

 

(b)           Certain
Events.  This Agreement and the
obligations hereunder shall attach to all of the Shares and shall be binding
upon any person to whom legal or beneficial ownership of any of the Shares shall
pass, whether by operation of law or otherwise. 
Notwithstanding any Transfer of any of the Shares, the transferor shall
remain liable for the performance of all obligations of the transferor under
this Agreement.  Notwithstanding the
foregoing or anything to the contrary set forth in this Agreement, this
Agreement and the obligations hereunder shall not attach to any Shares that are
Transferred, and shall not be binding upon any person to whom legal or
beneficial ownership of any of the Shares shall pass, in any Transfer effected
by Shareholder pursuant to the last sentence of Section 2 of this
Agreement.

 

(c)           Assignment.  No party may assign either this Agreement or
any of its rights, interests, or obligations hereunder without the prior
written approval of the other parties. 
Any purported assignment in violation of this Section shall be
void.

 

(d)           Amendments,
Waivers, Etc.  This Agreement may not
be amended, changed, supplemented, waived or otherwise modified or terminated,
except upon the execution and delivery of a written agreement executed by the
parties hereto.

 

(e)           Notices.  All notices and other communications
hereunder shall be in writing and shall be deemed duly given (i) on the
date of delivery if delivered personally, (ii) on the date of confirmation
of receipt (or, the first business day following such receipt if the date is
not a business day) of transmission by telecopy or telefacsimile, or (iii) on
the date of confirmation of receipt (or, the first business day following such
receipt if the date is not a business day) if delivered by a nationally
recognized courier service.  All notices
hereunder shall be delivered as set forth below, or pursuant to such other
instructions as may be designated in writing by the party to receive such
notice:

 

(i)                    if
to Lawson, to:

Lawson Software

380 St. Peter Street

St. Paul, Minnesota  55102

Attention: Bruce B. McPheeters

Telephone No.: (651) 767-7000

Telecopy No.:   (651) 767-5645

 

4

 

(ii)           if to
Shareholder, to the address for notice set forth on the signature page hereof.

 

with
copies to:

O’Melveny & Myers LLP

Embarcadero Center West

275 Battery Street, Suite 2600

San Francisco, California 94111

Attention:  Steve L. Camahort, Esq.

Telephone No.:  (415) 984-8700

Telecopy No.:  (415) 984-8701

 

(f)            Severability.  In the event that any provision of this
Agreement or the application thereof, becomes or is declared by a court of
competent jurisdiction to be illegal, void or unenforceable, the remainder of
this Agreement will continue in full force and effect and the application of
such provision to other Persons or circumstances will be interpreted so as
reasonably to effect the intent of the parties hereto.  The parties further agree to replace such
void or unenforceable provision of this Agreement with a valid and enforceable
provision that will achieve, to the greatest extent possible, the economic,
business and other purposes of such void or unenforceable provision.

 

(g)           No
Waiver.  The failure of any party
hereto to exercise any right, power or remedy provided under this Agreement or
otherwise available in respect hereof at law or in equity, or to insist upon
compliance by any other party hereto with its obligations hereunder, and any
custom or practice of the parties at variance with the terms hereof, shall not
constitute a waiver by such party of its right to exercise any such or other
right, power or remedy or to demand such compliance.

 

(h)           Governing
Law.  This Agreement shall be
governed by and construed in accordance with the laws of the State of New York,
USA, without regard to its principles of conflicts of laws (except to the
extent that applicable laws governing the corporate organization of Lawson or
Intentia mandate the application of the laws of the jurisdiction of
organization of such party and except to the extent that the application of the
laws of Sweden apply to the Offer).  Each
party irrevocably and unconditionally consents and submits to the jurisdiction
of the state and federal courts located in the state of Delaware for purposes
of any action, suit or proceeding arising out of or relating to this Agreement.

 

(i)            Other
Remedies; Specific Performance.

 

(i)            Other
Remedies.  Except as otherwise
provided herein, any and all remedies herein expressly conferred upon a party
will be deemed cumulative with and not exclusive of any other remedy conferred
hereby, or by law or equity upon such party, and the exercise by a party of any
one remedy will not preclude the exercise of any other remedy.  The parties hereto agree that irreparable
damage would occur in the event that any of the provisions of this Agreement
were not performed in accordance with their specific terms or were otherwise
breached.

 

5

 

(ii)           Specific
Performance.  It is accordingly
agreed that the parties shall be entitled to seek an injunction or injunctions
to prevent breaches of this Agreement and to enforce specifically the terms and
provisions hereof in any court of the United States or any state having
jurisdiction, this being in addition to any other remedy to which they are
entitled at law or in equity.

 

(j)            Counterparts.  This Agreement may be executed in any number
of counterparts, all of which shall be considered one and the same agreement
and shall become effective when one or more counterparts have been signed by
each of the parties and delivered to the other party, it being understood that
all parties need not sign the same counterpart.

 

(k)           Further
Assurances.  At the request of any
party to another party or parties to this Agreement, such other party or
parties shall execute and deliver such instruments or documents to evidence or
further effectuate (but not to enlarge) the respective rights and obligations
of the parties and to evidence and effectuate any termination of this
Agreement.

 

(l)            Public
Disclosure.  Shareholder shall not
issue any statement or communication to any third party that would be
constitute a breach of Section 13 of the Transaction Agreement if such
statement or communication were made by Intentia.

 

6

 

IN WITNESS WHEREOF,
the undersigned have executed, or caused this Shareholder Irrevocable
Undertaking to be executed by a duly authorized officer, as of the date first
written above.

 

	
   

  	
  LAWSON
  SOFTWARE, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  SHAREHOLDER:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Signature:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Address:

  	
   

  	
   

  
	
   

  	
  Facsimile No.:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Shares
  beneficially Owned:

  
	
   

  	
   

  
	
   

  	
   

  	
            

  	
  Series A
  shares

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
            

  	
  Series B
  shares

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
            

  	
  Series B
  shares issuable upon

  conversion of outstanding warrants

  
										

 

7

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