Document:

EXHIBIT
10.17

 

STOCK PURCHASE AGREEMENT

 

THIS AGREEMENT is
made and entered into as of the 20th day of February 2003; by and
between SOFTBANK America Inc. (“Seller”) and InsWeb Corporation, a Delaware
corporation (the “Company”).

 

RECITALS

 

A.                                   Seller
is the owner of 1,071,543 shares of Common Stock, $0.001 par value, of the
Company (the “Shares”);

 

B.                                     Seller
desires to sell the Shares and has offered the Shares for sale to the Company;
and

 

C.                                     The
Company is willing to purchase the Shares on the terms and conditions set forth
herein.

 

NOW, THEREFORE, the parties agree as follows:

 

1.                                       Purchase
and Sale of the Shares.

 

(a)                                  Subject
to the terms and conditions hereof, Seller agrees to sell, and the Company
agrees to purchase, the Shares at a purchase price per share of one dollar,
seventy cents ($1.70).

 

(b)                                 The
closing of the sale and purchase of the Shares shall take place on February 24,
2002, or as soon thereafter as practicable (the “Closing Date”).  On the Closing Date, the Company will
deliver to Seller the purchase price for the Shares, payable by wire transfer
of funds to the bank account of Seller, against delivery by Seller of a stock
certificate or certificates representing the Shares duly endorsed for transfer,
or accompanied by an assignment separate from certificate duly executed by
Seller, in either case with Seller’s signature guaranteed by a bank, trust
company or brokerage firm that is a participant in the Securities Transfer
Agents Medallion Program.

 

2.                                       Representations
and Warranties of Seller.  Seller
represents and warrants to the Company as follows:

 

(a)                                  Seller
has the full right, power and authority to enter into this Agreement and to
sell, transfer and deliver the Shares pursuant hereto.  The execution and delivery of this Agreement
by Seller and the sale of the Shares hereunder have been duly authorized by all
requisite corporate action and do not and will not conflict with or constitute
a breach of, or default under, or result in the creation or imposition of any
lien, charge or encumbrance upon the Shares pursuant to, any agreement or
instrument to which Seller is a party or by which Seller may be bound, nor will
such action result in any violation of the charter or bylaws of Seller or any
law, statute, rule, regulation, judgment, order, writ or decree of any
governmental authority having jurisdiction over Seller or any of its
properties.

 

(b)                                 This
Agreement has been duly executed and delivered by Seller and constitutes the
valid and binding obligation of Seller, enforceable in accordance with the
terms.

 

1

 

(c)                                  Seller
has, and will on the Closing Date have, good and marketable title to the
Shares, free and clear of any security interest, mortgage, pledge, lien,
charge, claim, equity or encumbrance of any kind; and upon delivery of the
Shares and payment of the purchase price therefor as contemplated by this
Agreement, the Company will receive good and marketable title to the Shares,
free and clear of any security interest, mortgage, pledge, lien, charge, claim,
equity or encumbrance of any kind.

 

(d)                                 Seller
acknowledges that the sale of the Shares hereunder has not been solicited or
induced by any action by or on behalf of the Company or by any representations
made by or on behalf of the Company with respect to the Company, its business
or prospects.  Seller acknowledges that
its decision to sell the Shares is based upon its own business objectives and
its own evaluation of the value of the Shares and the risks and merits of the
Company’s business and prospects, including the possibility that the value of
the Shares may increase materially in the future.

 

3.                                       Representations
and Warranties of the Company.  The
Company represents and warrants to Seller as follows:

 

(a)                                  The
Company has the full right, power and authority to enter into this Agreement
and to purchase the Shares pursuant hereto. 
The execution and delivery of this Agreement by the Company and the
purchase of the Shares hereunder have been duly authorized by all requisite
corporate action and do not and will not conflict with or constitute a breach
of, or default under, any agreement or instrument to which the Company is a
party or by which the Company may be bound, nor will such action result in any
violation of the charter or bylaws of the Company or any applicable law,
statute, rule, regulation, judgment, order, writ or decree of any governmental
authority having jurisdiction over the Company or its properties.

 

(b)                                 This
Agreement has been duly executed and delivered by the Company and constitutes
the valid and binding obligation of the Company, enforceable in accordance with
its terms.

 

4.                                       Miscellaneous.

 

(a)                                  This
Agreement shall be governed in all respects by the laws of the State of
California as such laws are applied to agreements between California residents
entered into and to be performed entirely within California.

 

(b)                                 This
Agreement constitutes the full and entire understanding and agreement between
the parties with respect to the subject matter hereof.

 

(c)                                  This
Agreement may be executed in counterparts, each of which shall be deemed an
original document, but all of which shall constitute one and the same document.

 

2

 

IN WITNESS
WHEREOF, the parties have caused their respective duly authorized
representative to execute this Agreement as of the date set forth above.

 

	
  SOFTBANK AMERICA, INC.

  	
  INSWEB CORPORATION

  
	
   

  	
   

  
	
  BY:

  	
  /S/ JACOBS

  	
   

  	
  BY:

  	
  /S/ WILLIAM D. GRIFFIN

  	
   

  
	
   

  	
   

  
	
  TITLE:

  	
  VICE PRESIDENT

  	
   

  	
  TITLE:

  	
  CHIEF FINANCIAL OFFICER

  	
   

  
										

 

3EXHIBIT
10.18

 

STOCK PURCHASE AGREEMENT

 

THIS AGREEMENT is
made and entered into as of the 20th day of February 2003 by and between Intuit
Insurance Services Inc. (“Seller”) and InsWeb Corporation, a Delaware
corporation (the “Company”).

 

RECITALS

 

A.                                   Seller
is the owner of 1,169,898 shares of Common Stock, $0.001 par value, of the
Company (the “Shares”);

 

B.                                     Seller
desires to sell the Shares and has offered the Shares for sale to the Company;
and

 

C.                                     The
Company is willing to purchase the Shares on the terms and conditions set forth
herein.

 

NOW, THEREFORE, the parties agree as follows:

 

1.                                       Purchase
and Sale of the Shares.

 

(a)                                  Subject
to the terms and conditions hereof, Seller agrees to sell, and the Company
agrees to purchase, the Shares at a purchase price per share of one dollar,
seventy cents ($1.70).

 

(b)                                 The
closing of the sale and purchase of the Shares shall take place on February 24,
2003, or as soon thereafter as practicable (the “Closing Date”).  On the Closing Date, the Company will
deliver to Seller the purchase price for the Shares, payable by wire transfer
of funds to the bank account of Seller, against delivery by Seller of a stock
certificate or certificates representing the Shares duly endorsed for transfer,
or accompanied by an assignment separate from certificate duly executed by
Seller, in either case with Seller’s signature guaranteed by a bank, trust
company or brokerage firm that is a participant in the Securities Transfer
Agents Medallion Program.

 

2.                                       Representations
and Warranties of Seller.  Seller
represents and warrants to the Company as follows:

 

(a)                                  Seller
has the full right, power and authority to enter into this Agreement and to
sell, transfer and deliver the Shares pursuant hereto.

 

(b)                                 This
Agreement has been duly executed and delivered by Seller and constitutes the
valid and binding obligation of Seller, enforceable in accordance with the
terms.

 

(c)                                  Seller
has, and will on the Closing Date have, good and marketable title to the
Shares, free and clear of any security interest, mortgage, pledge, lien,
charge, claim, equity or encumbrance of any kind; and upon delivery of the
Shares and payment of the purchase price therefor as contemplated by this
Agreement, the Company will receive good and marketable title to the Shares, free
and clear of any security interest, mortgage, pledge, lien, charge, claim,
equity or encumbrance of any kind.

 

1

 

(d)                                 Seller
acknowledges that the sale of the Shares hereunder has not been solicited or
induced by any action by or on behalf of the Company or by any representations
made by or on behalf of the Company with respect to the Company, its business
or prospects.  Seller acknowledges that
its decision to sell the Shares is based upon its own business objectives and
its own evaluation of the value of the Shares and the risks and merits of the
Company’s business and prospects, including the possibility that the value of
the Shares may increase materially in the future.

 

3.                                       Representations
and Warranties of the Company.  The
Company represents and warrants to Seller as follows:

 

(a)                                  The
Company has the full right, power and authority to enter into this Agreement
and to purchase the Shares pursuant hereto. 
The execution and delivery of this Agreement by the Company and the
purchase of the Shares hereunder have been duly authorized by all requisite
corporate action and do not and will not conflict with or constitute a breach
of, or default under, any agreement or instrument to which the Company is a
party or by which the Company may be bound, nor will such action result in any
violation of the charter or bylaws of the Company or any applicable law,
statute, rule, regulation, judgment, order, writ or decree of any governmental
authority having jurisdiction over the Company or its properties.

 

(b)                                 This
Agreement has been duly executed and delivered by the Company and constitutes
the valid and binding obligation of the Company, enforceable in accordance with
its terms.

 

4.                                       Miscellaneous.

 

(a)                                  This
Agreement shall be governed in all respects by the laws of the State of
California as such laws are applied to agreements between California residents
entered into and to be performed entirely within California.

 

(b)                                 This
Agreement constitutes the full and entire understanding and agreement between
the parties with respect to the subject matter hereof.

 

(c)                                  This
Agreement may be executed in counterparts, each of which shall be deemed an
original document, but all of which shall constitute one and the same document.

 

(d)                                 If
the Company issues a press release announcing the sale of Shares by the Seller
to the Company, it must be approved by both parties and must be issued
following the execution of this Agreement.

 

2

 

IN WITNESS
WHEREOF, the parties have caused their respective duly authorized
representative to execute this Agreement as of the date set forth above.

 

	
  INTUIT INSURANCE SERVICES, INC.

  	
  INSWEB CORPORATION

  
	
   

  	
   

  
	
  BY:

  	
  /S/ LINDA FELLOWS

  	
   

  	
  BY:

  	
  /S/ WILLIAM D. GRIFFIN

  	
   

  
	
   

  	
   

  
	
  TITLE:

  	
  VICE PRESIDENT

  	
   

  	
  TITLE:

  	
  CHIEF FINANCIAL OFFICER

  	
   

  
										

 

3

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