Document:

QuickLinks
 -- Click here to rapidly navigate through this document
  

 
 

Exhibit 10.12    
  

 
 

ASSIGNMENT AND ASSUMPTION AGREEMENT    
  

        This Assignment and Assumption Agreement (this "Assignment") is made and entered into in Islandia, New York as of
July 14, 2000 (the "Effective Date") by and between Computer Associates International, Inc.
("CA" or "Assignor"), a Delaware corporation having its principal place of business at One Computer
Associates Plaza, Islandia, New York 11749, and ACCPAC International, Inc. ("ACCPAC" or
"Assignee"), a Delaware corporation having its principal place of business at 6700 Koll Center Parkway, Third Floor, Pleasanton, California 94566. 

 
 

R E C I T A L S    
  

        WHEREAS, CA, Software Business Technologies, Inc. ("Acquired
Company") and SBT Acquisition Corporation ("Merger Sub") are parties to that certain Agreement and Plan of Merger dated as of
June 8, 2000 (as the same may have been amended from time to time, the "Original Agreement"), under which Merger Sub, a wholly owned subsidiary
of CA, was merged with and into the Acquired Company, with Acquired Company becoming a wholly owned subsidiary of CA and the surviving corporation of such transaction, and CA became the sole
shareholder of all of the outstanding shares of capital stock of Acquired Company (the "Shares"). 

        WHEREAS, all consideration for CA's acquisition of the Shares under the Original Agreement was funded by ACCPAC, a wholly-owned Subsidiary
of CA, pursuant to that certain Promissory Note issued by ACCPAC to CA as of even date herewith; and 

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

 
 

A G R E E M E N T    
  

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

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

        (a)  CA
hereby assigns, transfers, conveys, delivers and relinquishes exclusively to ACCPAC, and shall cause each of its subsidiaries other than ACCPAC (collectively, the
"Subsidiaries") to assign, transfer, convey, deliver and relinquish exclusively to ACCPAC, and ACCPAC hereby accepts from CA and the Subsidiaries, all
of CA's and the Subsidiaries' respective right, title and interest (A) acquired by CA or any of the Subsidiaries pursuant to the Original Agreement, and (B) in and to the Shares. 

        (b)  ACCPAC
hereby assumes and agrees faithfully to perform and fulfill all liabilities and obligations (whether absolute, accrued, contingent or otherwise and whether due or
to become due) relating to, arising out of or resulting from the Original Agreement, regardless of when or where such liabilities and obligations arose or arise or whether the facts on which they are
based occurred prior to or subsequent to the Effective Date hereof, regardless of where or against whom such liabilities and obligations are asserted or determined or whether asserted or determined
prior to the Effective Date hereof, and regardless of whether arising from, or alleged to arise from, negligence, recklessness, violation of law, fraud or misrepresentation by CA or the Subsidiaries
or any of their respective directors, officers, employees or agents. 

1

 

        (c)  ACCPAC
hereby grants a worldwide, perpetual, non-exclusive, royalty free license, without the right to sublicense, to CA and the Subsidiaries to use any and
all of the software and documentation of Acquired Company under any of Acquired Company's present and future copyrights, patents, trade secrets or other intellectual property rights
("IP"), including any present and future versions, bug-fixes or updates thereto, for CA's and the Subsidiaries' respective
non-commercial, internal use only. In the event that Acquired Company is required, pursuant to a binding legal agreement in force and effect as of the Effective Date hereof, to make any
royalty or license payment to third parties as a result of this license to CA and the Subsidiaries, CA shall reimburse Acquired Company for any such royalty or license payments made by Acquired
Company to any third party. The license granted to CA and the Subsidiaries hereunder, which is for non-commercial, internal use only, does not include any right to exploit or use any
trademark or service mark that is part of the IP. 

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

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

        (b)  CA,
Acquired Company and ACCPAC shall retain ownership of all of their respective pre-existing software programs that may be merged or combined with the IP
(the "Excluded IP") 

        3.    Further Conveyance Assurances.    Each party hereby agrees, upon request by the other party, to execute and
deliver such further conveyance instruments and take such further actions as may be necessary or desirable to evidence more fully the transfer or granting of rights and/or licenses, as applicable,
herein, including the transfer of the Shares on the corporate register of Acquired Company such that ACCPAC is the registered owner thereof. 

        4.    Representations and Warranties.    

        (a)  The
parties expressly acknowledge and agree that the rights, title and interest in and to the Shares assigned by CA to ACCPAC herein, shall be equivalent and limited in
scope, to the rights, title and interest in and to the Shares acquired by CA pursuant to the Original Agreement. 

        (b)  THE
SHARES ARE PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND. 

        (c)  IN
NO EVENT WILL EITHER PARTY BE LIABLE TO THE OTHER FOR ANY INCIDENTAL, INDIRECT OR CONSEQUENTIAL DAMAGES HOWEVER ARISING, EVEN IF THE OTHER PARTY HAS BEEN ADVISED IN
ADVANCE OF THE POSSIBILITY OF SUCH DAMAGES ARISING OUT OF THIS ASSIGNMENT. 

        5.    Condition Precedent.    It is a condition precedent of CA's obligation to consummate the transactions
contemplated hereby, that ACCPAC execute and deliver the Promissory Note, in the form attached hereto as Exhibit A. 

        6.    General Provisions    

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

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

        (c)    Severability.    If any term or other provision of this Assignment is invalid, illegal or incapable of being
enforced by any rule of law or public policy, all other conditions and provisions of this Assignment shall nevertheless remain in full force and effect so long as the transactions 

2

 

contemplated hereby are not affected in any manner materially adverse to either party. Upon such determination that any term or other provisions is invalid, illegal or incapable of being enforced,
the parties shall negotiate in good faith to modify this Assignment so as to effect the original intent of the parties as closely as possible in an acceptable manner to the end that transactions
contemplated hereby are fulfilled to the extent possible. 

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

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

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

3

 

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

	COMPUTER ASSOCIATES INTERNATIONAL, INC.	 	ACCPAC INTERNATIONAL, INC.
	

By:	
 	

/s/  STEVEN M. WOGHIN      
	
 	

By:	
 	

/s/  DAVID M. HOOD      

	

Name:	
 	

    Steven M. Woghin
	
 	

Name:	
 	

    David M. Hood

	

Title:	
 	

    Senior Vice President

    and General Counsel
	
 	

Title:	
 	

    President and CEO

	

Date:	
 	

    September 28, 2001
	
 	

Date:	
 	

    September 25, 2001

	
SOFTWARE BUSINESS TECHNOLOGIES, INC.	
 	

 	
 	

 
	

By:	
 	

    /s/  DAVID M. HOOD      
	
 	

 	
 	

 
	

Name:	
 	

    David M. Hood
	
 	

 	
 	

 
	

Title:	
 	

    President and CEO
	
 	

 	
 	

 
	

Date:	
 	

    September 25, 2001
	
 	

 	
 	

 

4

QuickLinks

Exhibit 10.12

ASSIGNMENT AND ASSUMPTION AGREEMENT

R E C I T A L S

A G R E E M E N TQuickLinks
 -- Click here to rapidly navigate through this document

 
 

Exhibit 10.13    
  

 
  PROMISSORY NOTE    
  

	$26,700,000	 	July 14, 2000

        FOR VALUE RECEIVED, ACCPAC INTERNATIONAL, INC. (the "Payor"), hereby promises to pay to the order of COMPUTER ASSOCIATES INTERNATIONAL, INC. or its
assigns (the "Payee"), in lawful money of the United States of America, the principal sum of $26,700,000. Commencing April 1, 2001, this Note shall bear interest on the unpaid principal at the
rate of seven and one-half percent (7.5%) per annum. Notwithstanding any provision of this Note, it is the intent of the parties that in any event any interest specified herein is found to
violate any applicable law or regulation, this Note shall be construed or deemed amended so that the interest is reduced to the extent necessary to comply with such applicable law or regulation. 

        On
April 14, July 14, October 14 and January 14 of each year commencing on April 14, 2002, Payor shall make (i) equal payments of $1,335,000,
consisting of principal, and (ii) payments of interest computed on the outstanding principal. All outstanding principal and accrued and unpaid interest shall become due and payable upon the
earlier of (i) the consummation of a public offering of the common shares of Payor of more than 1,000,000 shares, (ii) upon transfer of ownership of more than 20% of the outstanding
common stock of Payor, or (iii) a sale of substantially all of the assets of Payor. 

        Payor
shall have the right to prepay all or any part of the unpaid principal amount and accrued interest on this Note without any premium at any time. 

        Upon
(i) the failure of Payor to make any payment hereunder when due or (ii) the commencement of any bankruptcy, reorganization, arrangement, adjustment of debt, relief of
debtors, dissolution, insolvency or liquidation or similar proceeding of any jurisdiction relating to the Payor, the unpaid principal amount and any accrued and unpaid interest hereof shall become
immediately due and payable without presentment, demand, protest or notice of any kind in connection with this Note. 

        This
Note is the note referred to in the Assignment and Assumption Agreement, dated as of July 14, 2000, among Payor and Payee, and is subject to the terms thereof. 

        The
Payee is hereby authorized to record all loans and advances made by it to the Payor (all of which shall be evidenced by this Note), and all repayments or prepayments thereof, in its
books and records, such books and records constituting prima facie evidence of the accuracy of the information contained therein. 

        All
payments under this Note shall be made without offset, counterclaim or deduction of any kind. 

        THIS NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK.

	 	 	ACCPAC INTERNATIONAL, INC.
	

 	
 	

 	

 
	 	 	By:	/s/  DAVID M. HOOD      
 David M. Hood
 President and CEO

 
 

AMENDMENT NUMBER ONE TO PROMISSORY NOTE    
  

        The undersigned parties hereby agree that the Promissory Note dated July 14, 2000 in the original amount of $26,700,000 executed by ACCPAC
International, Inc. to the order of Computer Associates International inc. is hereby amended to provide that effective April 1, 2002, the unpaid principal of the Promissory Note
shall bear interest at the rate of five and one-half percent (5.5%) per annum. 

June 25,
2002 

	

ACCPAC INTERNATIONAL, INC.	
 	

 
	

 	

 	
 	

 
	BY	/s/  DAVID HOOD      
	 	 
	

 	

 	
 	

 
	COMPUTER ASSOCIATES INTERNATIONAL, INC.	 	 
	

 	

 	
 	

 
	BY	/s/ [ILLEGIBLE]
	 	 

 
 

AMENDMENT NUMBER TWO TO PROMISSORY NOTE    
  

ACCPAC INTERNATIONAL, INC.  

        FOR VALUE RECEIVED, the undersigned parties hereby agree that the Promissory Note (the "Note") of ACCPAC
International, Inc. (the "Payor"), dated July 14, 2000, as amended by Amendment Number One thereto, dated June 25, 2002, in the
original principal amount of $26,700,000, payable to Computer Associates International, Inc. (the "Payee"), is hereby amended to provide that on
the day on which Payor closes an initial public offering of its common stock prior to December 31, 2003, all of the terms and conditions of the Note shall automatically, without any action
being taken by the Payor or the Payee, be superseded and replaced by those terms and conditions set forth on Exhibit A hereto. 

        IN
WITNESS WHEREOF, the undersigned parties have executed this Amendment Number Two to Promissory Note as of this 13th day of November, 2002. 

	ACCPAC INTERNATIONAL, INC.	 
	

By:	

 	

 
	 	/s/  DONNAT LETTMAN      
 Name: Donnat Lettman

Title: CFO	 
	

 	

 	

 
	COMPUTER ASSOCIATES

INTERNATIONAL, INC.	 
	

By:	

 	

 
	 	/s/  IRA ZAR      
 Name: Ira Zar

Title: Executive Vice President and Chief Financial Officer	 

 
 

EXHIBIT A
  TO AMENDMENT NUMBER TWO TO PROMISSORY NOTE    
  

        FOR VALUE RECEIVED, ACCPAC International, Inc., a Delaware corporation (the "Payor"), promises to pay to
the order of Computer Associates International, Inc., a Delaware corporation, or its registered assigns (the "Payee"), in lawful money of the
United States of America, the Effective Date Principal Amount, together with all accrued and unpaid interest thereon as hereinafter provided. 

        The
following is a statement of the rights of the Payee and the conditions to which this Note is subject: 

        1.    Definitions.    As used in this Note, the following capitalized terms have the following meanings: 

        "Business Day" means any day other than a Saturday, Sunday or other day on which the national or state banks located in the State of New
York are authorized to be closed. 

        "Effective Date" means the date on which the Payor closes an initial public offering of its common stock. 

        "Effective Date Principal Amount" means the aggregate principal amount outstanding under this promissory note, together with any accrued
but unpaid interest thereon, as of the Effective Date. 

        "Obligations" mean the principal, interest and other amounts payable under this Note. 

        "Maturity Date" means the first day of the month immediately following the sixteenth anniversary of the Effective Date. 

        "Quarterly Anniversary Dates" means each of the sixty (60) calendar dates occurring quarterly beginning with the date fifteen
(15) months after the Effective Date and ending with the date one hundred ninety-two (192) months after the Effective Date. 

        "Quarterly Payment Dates" means each of the sixty (60) calendar dates occurring on the first day of the month immediately following
each of the Quarterly Anniversary Dates. 

        "Quarterly Principal Amount" means the quotient of the Effective Date Principal Amount divided by sixty (60). 

        "Treasury Bill Rate" means during each one-year period beginning on April 1 and ending on March 31 during the
term hereof, the monthly average yield on United States Treasury Securities—Constant Maturity Series issued by the United States Government for a term of ten (10) years, as
published by the Federal Reserve Board in Federal Reserve Statistical Release H.15 as "Averages of Business Days" (the "Rate Release") for April of such one-year period and available at  http://www.federalreserve.gov/releases/h15/data/m/tcm10y.txt. If the Rate Release is not available at the foregoing location, ACCPAC shall obtain it
from an alternate publication or source which is acceptable to Payee. 

	2.
	Payment
of Interest and Principal.

	(a)
	The
principal amount of this Note shall be due and payable quarterly in sixty (60) consecutive installments of the Quarterly Principal Amount on each of the Quarterly Payment
Dates, provided, however, that the last such payment shall be in the amount necessary to repay in full
all unpaid principal amount of this Note on the Maturity Date.

	(b)
	Interest
shall accrue on the unpaid principal balance of this Note from the Effective Date until the Maturity Date at a variable rate equal to the Treasury Bill Rate plus one half of
one percent (0.5%). Payor will determine the Treasury Bill Rate each year for the 12-month period beginning with April of such year. Each determination of the Treasury Bill Rate by the
Payor shall be conclusive and binding absent manifest error. If, with respect to the Treasury Bill Rate, the sale of treasury securities by the United States Government has been suspended, or treasury
securities are not being offered for sale by the United States Government, or the weekly average yield is no longer printed by the Federal Reserve Board in Federal Reserve 

 

Statistical
Release H.15 or any successor format, then the Payor shall forthwith give notice thereof to the Payee and the Payee shall determine a new index for determining the interest rate to be
charged on this Note which, in the good faith judgment of the Payee, shall be substantially equivalent to the Treasury Bill Rate, and the Payee shall forthwith so advise the Payor. 

	(c)
	Interest
on the unpaid principal balance of this Note shall be payable quarterly in arrears on each of the Quarterly Payment Dates, provided, however, that the last such payment shall
be in the amount necessary to repay in full all unpaid principal amount of this Note on the Maturity Date.

	(d)
	All
payments hereunder shall be made in lawful money of the United States of America by wire transfer of immediately available funds in accordance with the instructions provided by
the Payee to the Payor. If any payment in respect of this Note becomes due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day,
and interest shall be payable on any principal amount so extended at the rate herein specified during such extension. 

        2.    Events of Default.    The occurrence of any of the following shall constitute an "Event
of Default" under this Note: 

        (a)    Failure to Pay.    The Payor shall fail to pay any payment of principal and/or interest on this Note on its due
date, and does not cure such failure within five business days of written notice thereof from Payee; or 

        (b)    Voluntary Bankruptcy or Insolvency Proceedings.    The Payor shall (i) apply for or consent to the
appointment of a receiver, trustee, liquidator or custodian of itself or of all or a substantial part of its property, (ii) be unable, or admit in writing its inability, to pay its debts
generally as they mature, (iii) make a general assignment for the benefit of its or any of its creditors, (iv) be dissolved or liquidated in full or in substantial part,
(v) become insolvent (as such term may be defined or interpreted under any applicable statute), (vi) commence a voluntary case or other proceeding seeking liquidation, reorganization or
other relief with respect to itself or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or consent to any such relief or to the appointment of or taking
possession of its property by any official in an involuntary case or other proceeding commenced against it or (vii) take any action for the purpose of effecting any of the foregoing; or 

        (c)    Involuntary Bankruptcy or Insolvency Proceedings.    Proceedings for the appointment of a receiver, trustee,
liquidator or custodian of the Payor or of all or a substantial part of the respective property thereof, or an involuntary case or other proceedings seeking liquidation, reorganization or other relief
with respect to the Payor or the debts thereof under any bankruptcy, insolvency or other similar law now or hereafter in effect shall be commenced and an order for relief entered, or such case or
proceeding shall not be dismissed or discharged within thirty (30) days of commencement. 

        3.    Rights of Payee Upon Event of Default.    Upon the occurrence or existence of any Event of Default,
(a) with reference to an Event of Default specified in Section 3(a), upon written notice by the Payee to the Payor, all outstanding Obligations payable by the Payor hereunder shall
become immediately due and payable, without presentment, demand, protest or any other notice of any kind, all of which are
hereby expressly waived, anything contained herein to the contrary notwithstanding and (b) with reference to an Event of Default specified in Section 3(b) and (c), all outstanding
Obligations payable by the Payor hereunder shall automatically become immediately due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby
expressly waived, anything contained herein to the contrary notwithstanding. In addition to the foregoing remedies, upon 

2

 

the occurrence or existence of any Event of Default, the Payee may exercise any other right, power or remedy permitted to it by Law, either by suit in equity or by action at law, or both. Any
reasonable costs or expenses of collection incurred by Payee after an Event of Default shall be an Obligation payable by the Payor. 

        4.    Prepayment.    The Payor may, without premium or penalty, at any time and from time to time, prepay all or any
portion of the outstanding balance due under this Note, provided that each such prepayment will be applied first to accrued interest, then to outstanding principal. 

        5.    Waiver and Amendment.    Any provision of this Note may be amended, waived or modified upon the written consent
of the Payor and the Payee. If any provision of this Note is unenforceable in whole or in part for any reason, the remaining provisions shall continue to be effective. 

        6.    Assignment.    Unless otherwise agreed in writing by the Payor and the Payee, neither this Note nor any of the
rights, interests or obligations hereunder may be assigned or transferred, in whole or in part, by the Payor, other than by operation of law. The rights and obligations of the Payor of this Note shall
be binding upon and benefit the successors, assigns, heirs, administrators and transferees of the Payee. 

        7.    Treatment of Note.    To the extent permitted by generally accepted accounting principles, the Payor will treat,
account and report this Note as debt and not equity for accounting purposes and with respect to any returns filed with federal, state or local tax authorities. 

        8.    Notices.    Any notice, request or other communication required or permitted hereunder shall be in writing and
shall be deemed to have been duly given if personally delivered by recognized overnight courier at the respective addresses below: 

	(a)
	If
to Payor:

ACCPAC International, Inc.

6700 Koll Center Parkway

Pleasanton, California 94566

Attention: Chief Financial Officer

With
a copy to: 

ACCPAC
International, Inc.

6700 Koll Center Parkway

Pleasanton, California 94566

Attention: General Counsel 

	(b)
	If
to the Payee:

Computer Associates International, Inc.

One Computer Associates Plaza

Islandia, New York 11749

Attention: Chief Financial Officer 

With
a copy to: 

Computer
Associates International, Inc.

One Computer Associates Plaza

Islandia, New York 11749

Attention: General Counsel 

The
Payee or the Payor may by notice to the other so given change its address or facsimile number for future notice hereunder. Notice shall conclusively be deemed to have been given when received. 

3

 

        9.    Governing Law.    This Note and all actions arising out of or in connection with this Note shall be governed by
and construed in accordance with the laws of the State of New York, excluding any conflicts or choice of law, rule or principle that might otherwise refer construction or interpretation of this Note
to the substantive law of another jurisdiction. In the event of any dispute regarding this Note arising out of the terms of this Note, the Payor hereby irrevocably waives, to the fullest extent
permitted by law, any objection which it may now or hereafter have to the laying of the venue of any such proceeding brought in such a court, any claim that any such proceeding brought in such a court
has been brought in an inconvenient forum, and any right to which it may be entitled on account of its place of residence or domicile. 

        10.    Headings; Construction.    The section headings herein are for convenience of reference only, do not constitute
part of this Note and shall not be deemed to limit or otherwise affect any of the provisions
hereof. Any rule of construction to the effect that ambiguities are to be resolved against the drafting party shall not be applied in the construction or interpretation of this Note. 

        [Remainder of Page Intentionally Left Blank]

4

QuickLinks

Exhibit 10.13

PROMISSORY NOTE

AMENDMENT NUMBER ONE TO PROMISSORY NOTE

AMENDMENT NUMBER TWO TO PROMISSORY NOTE

EXHIBIT A TO AMENDMENT NUMBER TWO TO PROMISSORY NOTE

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00046-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00046-of-00352.parquet"}]]