Document:

Exhibit 4.2

EXECUTION COPY

LAWSON
SOFTWARE, INC.

2.50%
Convertible Senior Notes due 2012

Registration Rights Agreement

April 23, 2007

LEHMAN
BROTHERS INC.

CITIGROUP GLOBAL MARKETS INC.

c/o Lehman Brothers Inc. 

745 Seventh Avenue 

New York, New York 10019

Ladies and Gentlemen:

Lawson Software, Inc., a
Delaware corporation (the “Company”), proposes to issue and sell to you as
initial purchasers (the “Initial Purchasers”) upon the terms set forth in the
Purchase Agreement (as defined herein) its 2.50% Convertible Senior Notes due
2012 (the “Securities”).  As an
inducement to the Initial Purchasers to enter into the Purchase Agreement and
in satisfaction of a condition to the obligations of the Initial Purchasers
thereunder, the Company agrees with the Initial Purchasers for the benefit of
Holders (as defined herein) from time to time of the Registrable Securities (as
defined herein) as follows:

1.                                       Definitions.

(a)                                Capitalized
terms used herein without definition shall have the meanings ascribed to them
in the Purchase Agreement.  As used in
this Agreement, the following defined terms shall have the following meanings:

“Additional Interest” has the meaning
assigned thereto in Section 7(a) hereof.

“Affiliate” of any specified person means
any other person which, directly or indirectly, is in control of, is controlled
by, or is under common control with such specified person.  For purposes of this definition, control of a
person means the power, direct or indirect, to direct or cause the direction of
the management and policies of such person whether by contract or otherwise;
and the terms “controlling” and “controlled” have meanings correlative to the
foregoing.

“Business Day”
means each Monday, Tuesday, Wednesday, Thursday and Friday that is not a day on
which banking institutions in New York City are authorized or obligated by law
or executive order to close.

“Closing Date” means the date of this
Agreement.

“Commission” means the United States
Securities and Exchange Commission, or any other federal agency at the time
administering the Exchange Act or the Securities Act, whichever is the relevant
statute for the particular purpose.

“Common Stock” means the Company’s common
stock, par value $0.01 per share.

“Company Website”
means, as of any date of determination, the principal website maintained by the
Company on the Internet, which is located at http://www.lawson.com as of the
date hereof.

“DTC” means The Depository Trust Company.

“Effectiveness
Period” has the meaning assigned thereto in Section 2(b)(i)
hereof.

“Effective Time” means the time at which
the Commission declares the Shelf Registration Statement effective or at which
the Shelf Registration Statement otherwise becomes effective.

“Electing Holder” has the meaning assigned
thereto in Section 3(a)(iii) hereof.

“Exchange Act” means the United States
Securities Exchange Act of 1934, as amended.

“Free Writing
Prospectus” means a free writing prospectus, as defined in Rule 405
under the Securities Act.

“Holder” means any person that is the
record owner of Registrable Securities (and includes any person that has a
beneficial interest in any Registrable Security in book-entry form).

“Indemnified Party” has the meaning
assigned thereto in Section 5(a) hereof.

“Indenture” means
the Indenture, dated as of April 23, 2007, between the Company and The Bank of
New York, as amended and
supplemented from time to time in accordance with its terms.

“Issuer Free
Writing Prospectus” means an issuer free writing prospectus, as
defined in Rule 433 under the Securities Act.

“Losses” has the meaning assigned thereto
in Section 5(a) hereof.

“Managing
Underwriters” means the investment banker or investment bankers and
manager or managers that shall administer an underwritten offering, if any,
conducted pursuant to Section 6 hereof.

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“NASD Rules” means the Rules of the
National Association of Securities Dealers, Inc., as amended from time to time.

“Notice
and Questionnaire” means a Selling Securityholder Notice and
Questionnaire substantially in the form of Annex A to the Offering Memorandum
dated April 17, 2007 relating to the Securities.

“Permitted Free
Writing Prospectus” has the meaning assigned thereto in Section 9(a)
hereof.

The term “person” means
an individual, partnership, corporation, trust, business, association or
unincorporated organization, or a government or agency or political subdivision
thereof.

“Prospectus” means the prospectus
(including, without limitation, any preliminary prospectus, any final
prospectus and any prospectus that discloses information previously omitted
from a prospectus filed as part of an effective registration statement in
reliance upon Rule 430A under the Securities Act) included in the Shelf
Registration Statement, as amended or supplemented by any prospectus supplement
with respect to the terms of the offering of any portion of the Registrable
Securities covered by the Shelf Registration Statement and by all other
amendments and supplements to such prospectus, including all material
incorporated by reference in such prospectus and all documents filed after the
date of such prospectus by the Company under the Exchange Act and incorporated
by reference therein.

“Initial Purchasers” has the meaning
assigned thereto in preamble hereof.

“Purchase Agreement”
means the purchase agreement, dated as of April 17, 2007, between the Company
and the Initial Purchasers relating to the initial placement of the Securities.

“Registrable Securities” means all or any
portion of the Securities issued from time to time under the Indenture in
registered form and the shares of Common Stock issuable upon conversion of such
Securities; provided, however,
that a security ceases to be a Registrable Security when it is no longer a
Restricted Security.

“Registration
Default” has the meaning assigned thereto in Section 7(a)
hereof.

“Restricted Security” means any Security or
share of Common Stock issued upon conversion thereof except any such Security
or share of Common Stock that (i) has been effectively registered under the
Shelf Registration Statement and sold pursuant thereto, (ii) is transferable by
the Holders thereof, other than Affiliates of the Company, immediately without
volume, manner of sale, filing or other restrictions pursuant to Rule 144(k)
under the Securities Act (or any successor provision thereto) or (iii) ceases
to be outstanding (whether as a result of repurchase and cancellation,
conversion or otherwise); provided, however,
that if the Company issues additional notes pursuant to Section 2.14 of the
Indenture, in determining whether any Security is a Restricted Security the
date of issuance of that Security shall be deemed to be the

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last date of issuance of any such additional notes and
in determining whether any share of Common Stock issued upon conversion of
Security is a Restricted Security the date of issuance of the Security
converted shall be deemed to be the last date of issuance of any such
additional notes.

“Rules
and Regulations” means the published rules and regulations of
the Commission promulgated under the Securities Act or the Exchange Act, as in effect
at any relevant time.

“Securities Act”
means the United States Securities Act of 1933, as amended.

“Shelf
Registration” means a registration effected pursuant to
Section 2 hereof.

“Shelf Registration Statement” means a “shelf”
registration statement filed under the Securities Act providing for the
registration of, and the sale on a continuous or delayed basis by the Holders
of, all of the Registrable Securities pursuant to Rule 415 under the Securities
Act and/or any similar rule that may be adopted by the Commission, filed by the
Company pursuant to the provisions of Section 2 of this Agreement, including
the Prospectus contained therein, any amendments and supplements to such
registration statement, including post-effective amendments, and all exhibits
and all material incorporated by reference in such registration statement.

“Suspension Period” has the meaning
assigned thereto in Section 2(c) hereof.

“Trust Indenture Act” means the Trust
Indenture Act of 1939, or any successor thereto, and the rules, regulations and
forms promulgated thereunder, as the same shall be amended from time to time.

The term “underwriter” means any underwriter of
Registrable Securities in connection with an offering thereof under a Shelf
Registration Statement.

(b)                               Wherever
there is a reference in this Agreement to a percentage of the “principal amount”
of Registrable Securities or to a percentage of Registrable Securities, Common
Stock constituting Registrable Securities shall be treated as representing the
principal amount of Securities that was surrendered for conversion or exchange
in order to receive such number of shares of Common Stock (other than for
purposes of the assessment of Additional Interest, as is specified in Section
7(c)).

2.                                       Shelf Registration.

(a)                                The
Company shall, no later than 180 days following the Closing Date, file with the
Commission, a Shelf Registration Statement on such form as the Company deems
appropriate covering resales by the Electing Holders of the Registrable
Securities, which shall be an automatic shelf registration statement if the
Company is then eligible to use an automatic shelf registration statement, and,
thereafter, shall use its reasonable best efforts (if the Company is not
eligible to use an automatic shelf registration statement at the time of
filing) to cause such Shelf Registration Statement to become effective under
the Securities Act as promptly as

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practicable but in no event later than 270 days
following the Closing Date; provided,
however, (i) that no Holder shall be entitled to be named as a
selling securityholder in the Shelf Registration Statement or to use the
Prospectus forming a part thereof or any related Issuer Free Writing Prospectus
for resales of Registrable Securities unless such Holder is an Electing Holder
and (ii) that in no event shall such method of distribution take the form of an
underwritten offering pursuant to Section 6 hereof without the prior written
agreement of the Company.

(b)                               The
Company shall use its reasonable best efforts:

(i)                                   to
keep the Shelf Registration Statement continuously effective, supplemented and
amended as required by the provisions of Section 3(j) hereto, in order to
permit the Prospectus forming a part thereof and any related Issuer Free
Writing Prospectus to be usable by Electing Holders until the earliest date
upon which no outstanding Security or share of Common Stock issued upon
conversion thereof is a Restricted Security (such period being referred to
herein as the “Effectiveness Period”);

(ii)                                after the Effective Time
of the Shelf Registration Statement, promptly upon the request of any Holder of
Registrable Securities that is not then an Electing Holder, to take any action
reasonably necessary, pursuant to the procedures set forth in Section 3(a)(ii)
hereof, to enable such Holder to use the Prospectus forming a part thereof and
any related Issuer Free Writing Prospectus for resales of Registrable
Securities, including, without limitation, any action necessary to
identify such Holder as a selling securityholder in the Shelf Registration
Statement; provided, however, that nothing in this Section 2(b)(ii) shall
relieve such Holder of the obligation to return a completed and signed Notice
and Questionnaire to the Company in accordance with Section 3(a)(ii) hereof;
and

(iii)                             if at
any time the Securities, pursuant to Article 10 of the Indenture, are
convertible into securities other than Common Stock, to cause, or to cause any
successor under the Indenture to cause, such securities to be included in the
Shelf Registration Statement no later than the date on which the Securities may
then be convertible into such securities.

The Company shall be deemed not to have used its
reasonable best efforts to keep the Shelf Registration Statement effective
during the Effectiveness Period if the Company voluntarily takes any action
that would result in Holders of Registrable Securities covered thereby not
being able to offer and sell any of such Registrable Securities during that
period, unless such action is (A) required by applicable law and the Company
thereafter promptly complies with the requirements of Section 3(j) or (B)
permitted pursuant to Section 2(c).

(c)                                The
Company may suspend the use of the Prospectus for a period not to exceed an
aggregate of 90 days in any 360-day period (each, a “Suspension Period”), if
the Board of Directors of the Company shall have determined in good faith that
because of valid business reasons (not including avoidance of the Company’s
obligations hereunder), including the acquisition or divestiture of assets,
pending corporate developments and similar events, it is in

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the best interests of the Company to suspend such use,
and prior to suspending such use the Company provides the Electing Holders with
written notice of such suspension, which notice shall not specify the nature of
the event giving rise to such suspension; provided,
that the Company may extend such Suspension Periods for an additional 30 days
(such that the aggregate of days in all Suspension Periods within the relevant
360-day period does not exceed 120 days if the Board of Directors of the
Company shall have determined in good faith that the disclosure relates to a
previously undisclosed proposed or pending material business transaction and
that such disclosure would impede the Company’s ability to consummate such
transaction.

3.                                     Registration Procedures.  In connection with the Shelf Registration
Statement, the following provisions shall apply:

(a)
(i)                    Not
less than 30 days prior to the Effective Time of the Shelf Registration
Statement, the Company shall mail the Notice and Questionnaire to the Holders
of Registrable Securities.  Holders of
Registrable Securities shall have at least 20 days from the date on which the
Notice and Questionnaire is first mailed to such Holders to return a completed
and signed Notice and Questionnaire to the Company.  The Company shall take action to name each
Holder that is a Electing Holder as of the date that is 10 days prior to the
effectiveness of the Shelf Registration Statement as a selling securityholder
in the Shelf Registration Statement at the time of its effectiveness so that
such Holder is permitted to deliver the Prospectus forming a part thereof as of
such time to purchasers of such Holder’s Registrable Securities in accordance
with applicable law.  The Company shall
not be required to take any action to name any Holder as a selling
securityholder in the Shelf Registration Statement or to enable any Holder to
use the Prospectus forming a part thereof for resales of Registrable Securities
unless such Holder has returned a completed and signed Notice and Questionnaire
to the Company by the deadline set forth herein prior to the Effective Time or
after the Effective Time as specified in Section 3(a)(ii).

(ii)                                After the Effective Time
of the Shelf Registration Statement, the Company shall, upon the request of any
Holder of Registrable Securities that is not then an Electing Holder, promptly
send a Notice and Questionnaire to such Holder. 
From and after the Effective Time of the Shelf Registration Statement,
the Company shall (A) as promptly as is practicable after the date a completed
and signed Notice and Questionnaire is delivered to the Company, and in any
event within 20 Business Days after such date, prepare and file with the
Commission (x) a supplement to the Prospectus or, if required by applicable
law, a post-effective amendment to the Shelf Registration Statement and (y) any
other document required by applicable law, so that the Holder delivering such
Notice and Questionnaire is named as a selling securityholder in the Shelf
Registration Statement and is permitted to deliver the Prospectus to purchasers
of such Holder’s Registrable Securities in accordance with applicable law, and
(B) if the Company shall file a post-effective amendment to the Shelf Registration
Statement, use its reasonable best efforts to cause such post-effective
amendment to become effective under the Securities Act as promptly as is
practicable;  provided, however, that if a post-effective amendment to the
Shelf Registration Statement is required, the Company shall not be obligated to
file more

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than one amendment
for all such Holders in any one fiscal quarter unless the aggregate principal
amount of all Restricted Securities requested to be included in such amendment
by all such Holders exceeds $10,000,000; provided,
further, that if a Notice and Questionnaire is delivered to the
Company during a Suspension Period, the Company shall not be obligated to take
the actions set forth in this clause (ii) until the termination of such suspension
period; and provided, further,
that any supplements or amendments that solely list an additional Electing
Holder need not be submitted for prior review of counsel to Electing Holders
under Section 3(b).

(iii)                             The term “Electing Holder” shall mean any Holder of
Registrable Securities that has returned a completed and signed Notice and
Questionnaire to the Company in accordance with Section 3(a)(i) or 3(a)(ii)
hereof.

(b)                               The
Company shall furnish to one counsel for the Electing Holders (as specified in
Section 4) a copy of the Shelf Registration Statement initially filed with the
Commission, and shall furnish to Electing Holders upon request, prior to the
filing thereof with the Commission, copies of each amendment thereto, each
amendment or supplement, if any, to the Prospectus included therein, and any
related Issuer Free Writing Prospectus and shall use its reasonable best
efforts to reflect in each such document, at the Effective Time or when so
filed with the Commission, as the case may be, such comments as such Holders
and their counsel reasonably may propose.

(c)                                The
Company shall promptly take such action as may be necessary so that (i) each of
the Shelf Registration Statement and any amendment thereto, the Prospectus
forming a part thereof and any amendment or supplement thereto and any related
Issuer Free Writing Prospectus  (and each
report or other document incorporated therein by reference in each case)
complies in all material respects with the Securities Act and the Exchange Act
and the respective rules and regulations thereunder, (ii) each of the Shelf
Registration Statement and any amendment thereto does not, when it becomes
effective, contain an untrue statement of a material fact or omit to state a
material fact required to be stated therein or necessary to make the statements
therein not misleading and (iii) each of the Prospectus forming a part of the
Shelf Registration Statement, any amendment or supplement to such Prospectus,
and any related Issuer Free Writing Prospectus does not at any time during the
Effectiveness Period include an untrue statement of a material fact or omit to
state a material fact necessary in order to make the statements therein, in the
light of the circumstances under which they were made, not misleading.

(d)                                 The Company shall promptly advise each
Electing Holder:

(i)                                   when
a Shelf Registration Statement and any amendment thereto has been filed with
the Commission and when a Shelf Registration Statement or any post-effective
amendment thereto has become effective. The Company will issue a press release
containing this information and make this information available on the Company
Website;

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(ii)                                of any request by the
Commission for amendments or supplements to the Shelf Registration Statement or
the Prospectus included therein or for additional information;

(iii)                             of the issuance by the
Commission of any stop order suspending the effectiveness of the Shelf
Registration Statement or the initiation of any proceedings for such purpose;

(iv)                              of
the receipt by the Company of any notification with respect to the suspension
of the qualification of the securities included in the Shelf Registration
Statement for sale in any jurisdiction or the initiation of any proceeding for
such purpose; and

(v)                                 upon
the happening of any event or the existence of any state of facts that requires
the making of any changes in the Shelf Registration Statement or the Prospectus
included therein or any related Issuer Free Writing Prospectus so that, as of
such date, such Shelf Registration Statement, Prospectus and any such Issuer
Free Writing Prospectus do not contain an untrue statement of a material fact
and do not omit to state a material fact required to be stated therein or
necessary to make the statements therein (in the case of the Prospectus and any
such Issuer Free Writing Prospectus, in light of the circumstances under which
they were made) not misleading, of the suspension of the use of the Prospectus
or Issuer Free Writing Prospectus until the requisite changes have been made (which
notice shall not specify the nature of the event giving rise to such
suspension) and of the commencement of a Suspension Period.

(e)                                The
Company shall use its reasonable best efforts to prevent the issuance, and if
issued to obtain the withdrawal at the earliest possible time, of any order
suspending the effectiveness of the Shelf Registration Statement.

(f)                                  The
Company shall furnish to each Electing Holder, upon request, without charge, at
least one copy of the Shelf Registration Statement and all post-effective
amendments, including any financial statements and schedules included therein,
and, if such Electing Holder so requests in writing, all reports, other
documents and exhibits that are filed with or incorporated by reference in the
Shelf Registration Statement.

(g)                               The
Company shall, during the Effectiveness Period, deliver to each Electing
Holder, without charge, as many copies of the Prospectus (including each
preliminary Prospectus) included in the Shelf Registration Statement, any
related Issuer Free Writing Prospectus, and, in each case, any amendment or
supplement thereto as such Electing Holder may reasonably request; and the
Company consents (except during a Suspension Period or during the continuance
of any event or the existence of any state of facts described in Sections
3(d)(iii) and (iv) above) to the use of the Prospectus, any related Issuer Free
Writing Prospectus and, in each case, any amendment or supplement thereto by
each of the Electing Holders in connection with the offering and sale of the
Registrable Securities covered by the Prospectus and

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any related Issuer Free Writing Prospectus and, in
each case, any amendment or supplement thereto during the Effectiveness Period.

(h)                               Prior
to any offering of Registrable Securities pursuant to the Shelf Registration
Statement, the Company shall (i) register or qualify or cooperate with the
Electing Holders and their counsel in connection with the registration or
qualification of such Registrable Securities for offer and sale under the
securities or “blue sky” laws of such jurisdictions within the United States as
any Electing Holder may reasonably request, (ii) keep such registrations or
qualifications in effect and comply with such laws so as to permit the
continuance of offers and sales in such jurisdictions for so long as may be
necessary to enable any Electing Holder or underwriter, if any, to complete its
distribution of Registrable Securities pursuant to the Shelf Registration
Statement, and (iii) take any and all other actions necessary or advisable to
enable the  disposition in such
jurisdictions of such Registrable Securities; provided,
however, that in no event shall
the Company be obligated to (A) qualify as a foreign corporation or as a dealer
in securities in any jurisdiction where it would not otherwise be required to
so qualify but for this Section 3(h) or (B) file any general consent to service
of process in any jurisdiction where it is not, as of the hereof subject to
such service or subject itself to taxation in any jurisdiction where it is not
as of the date hereof so subject.

(i)                                   Unless
any Registrable Securities shall be in book-entry only form, the Company shall
cooperate with the Electing Holders to facilitate the timely preparation and
delivery of certificates representing Registrable Securities to be sold
pursuant to the Shelf Registration Statement, which certificates, if so
required by any securities exchange upon which any Registrable Securities are
listed, shall be penned, lithographed or engraved, or produced by any
combination of such methods, on steel engraved borders, and which certificates
shall be free of any restrictive legends and in such permitted denominations
and registered in such names as Electing Holders may request in connection with
the sale of Registrable Securities pursuant to the Shelf Registration
Statement.

(j)                                   Upon
the happening of any event or the existence of any state of facts that requires
the making of any changes in the Shelf Registration Statement or the Prospectus
included therein or any related Issuer Free Writing Prospectus so that, as of
such date, such Shelf Registration Statement, Prospectus and any such Issuer
Free Writing Prospectus do not contain an untrue statement of a material fact
and do not omit to state a material fact required to be stated therein or
necessary to make the statements therein (in the case of the Prospectus and any
such Issuer Free Writing Prospectus, in light of the circumstances under which
they were made) not misleading, subject to Section 2(c) hereof, the Company
shall promptly prepare, file (and have become effective) a post-effective
amendment to any Shelf Registration Statement or an amendment or supplement to
the related Prospectus included therein or file any other document with the
Commission so that, as thereafter delivered to purchasers of the Registrable
Securities, the Prospectus and any related Issuer Free Writing Prospectus will
not include an untrue statement of a material fact or omit to state any
material fact necessary to make the statements therein, in the light of the
circumstances under which they were made, not misleading.  If the Company notifies the Electing Holders
of a Suspension Period, the Electing Holder shall

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suspend the use of the Prospectus and any related
Issuer Free Writing Prospectus until the requisite changes to the Prospectus or
the Issuer Free Writing Prospectus have been made.

(k)                                Not
later than the Effective Time of the Shelf Registration Statement, the Company
shall provide a CUSIP number for Securities that cease to be Restricted
Securities.

(l)                                   The
Company shall use its reasonable best efforts to comply with all applicable
Rules and Regulations, and to make generally available to its securityholders
as soon as practicable after the effective date (as defined in Rule 158(c)
under the Securities Act) of the Shelf Registration Statement, and in any event
no later than the due date by which the Company is required pursuant to the
Exchange Act (subject to any applicable extensions under Rule 12b-25), to file
reports with the Commission in respect of such period, an earnings statement of
the Company and its subsidiaries for the 12 month period beginning with the
first month of the Company’s first fiscal quarter commencing after the
effective date of the Shelf Registration Statement, complying with Section
11(a) of the Securities Act and the rules and regulations of the Commission
thereunder (including, at the option of the Company, Rule 158).

(m)                             Not
later than the Effective Time of the Shelf Registration Statement, the Company
shall cause the Indenture to be qualified under the Trust Indenture Act;

(n)                               In
the event of an underwritten offering conducted pursuant to Section 6 hereof to
which the Company has agreed, the Company shall, if requested, promptly include
or incorporate in a Prospectus supplement or post-effective amendment to the
Shelf Registration Statement such information as the Managing Underwriters and
the Company reasonably agree should be included therein and shall make all
required filings of such Prospectus supplement or post-effective amendment as
soon as practicable after it is notified of the matters to be included or
incorporated in such Prospectus supplement or post-effective amendment.

(o)                               The
Company shall enter into such customary agreements (including an underwriting
agreement in customary form in the event of an underwritten offering conducted
pursuant to Section 6 hereof to which the Company has agreed) and take all
other appropriate action in order to expedite and facilitate the registration and
disposition of the Registrable Securities, and in connection therewith, if an
underwriting agreement is entered into, cause the same to contain
indemnification provisions and procedures substantially identical to those set
forth in Section 5 hereof with respect to all parties to be indemnified
pursuant to Section 5 hereof.

(p)                               The
Company shall:

(i)
(A)  subject to the provisions of this
Section 3(p)(i), make reasonably available for inspection during normal
business hours by the Electing Holders, any underwriter participating in any
disposition pursuant to the Shelf Registration Statement, and any attorney,
accountant or other agent retained by such Electing Holders or any such
underwriter all relevant financial and other records, pertinent corporate documents
and properties of the Company and its subsidiaries, and (B) cause the Company’s
officers, directors and employees to supply all information reasonably
requested by such Electing

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Holders or any such underwriter, attorney, accountant
or agent in connection with the Shelf Registration Statement, in each case, as
is customary for similar due diligence examinations; provided, however,
that all records, information and documents that are designated by the Company,
in good faith, as confidential shall be kept confidential by such Electing
Holders and any such underwriter, attorney, accountant or agent, unless such
disclosure is made in connection with a court proceeding or required by law, or
such records, information or documents become available to the public generally
or through a third party without an accompanying obligation of confidentiality;
and provided, further, that, such
inspection and information gathering shall be coordinated on behalf of the
Electing Holders and the other parties entitled thereto by one counsel
designated by and on behalf of the Electing Holders and other parties;

(ii)                                       in
connection with any underwritten offering conducted pursuant to Section 6
hereof to which the Company has agreed, make such representations and
warranties to the Electing Holders participating in such underwritten offering
and to the Managing Underwriters, in form, substance and scope as are
customarily made by the Company to underwriters in primary underwritten
offerings of equity and convertible debt securities and covering matters
including, but not limited to, those set forth in the Purchase Agreement;

(iii)                                    in
connection with any underwritten offering conducted pursuant to Section 6
hereof to which the Company has agreed, obtain opinions of counsel to the
Company (which opinions (in form, scope and substance) and counsel shall be
reasonably satisfactory to the Managing Underwriters) addressed to each
Electing Holder participating in such underwritten offering and the
underwriters, covering such matters as are customarily covered in opinions
requested in primary underwritten offerings of equity and convertible debt
securities and such other matters as may be reasonably requested by such
Electing Holders and underwriters (it being agreed that the matters to be
covered by such opinions shall include, without limitation, as of the date of
the opinion and as of the Effective Time of the Shelf Registration Statement or
most recent post-effective amendment thereto, as the case may be, the absence
from the Shelf Registration Statement, the Prospectus and any related Issuer
Free Writing Prospectus, in each case, including the documents incorporated by
reference therein, of an untrue statement of a material fact or the omission of
a material fact required to be stated therein or necessary to make the
statements therein (in the case of the Prospectus and any such Issuer Free
Writing Prospectus, in light of the circumstances under which they were made)
not misleading);

(iv)                                   in
connection with any underwritten offering conducted pursuant to Section 6
hereof to which the Company has agreed, obtain “cold comfort” letters and
updates thereof from the independent public accountants of the Company (and, if
necessary, from the independent public accountants of any subsidiary of the
Company or of any business acquired by the Company for which financial
statements and financial data are, or are required to be, included in the Shelf
Registration Statement), addressed to each Electing Holder participating in
such underwritten offering (if such Electing Holder

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has provided such
letter, representations or documentation, if any, required by the accountants
for such “cold comfort” letter to be so addressed) and the underwriters, in
customary form and covering matters of the type customarily covered in “cold
comfort” letters in connection with primary underwritten offerings;

(v)                               in
connection with any underwritten offering conducted pursuant to Section 6
hereof to which the Company has agreed, deliver such documents and certificates
as are customary and may be reasonably requested by counsel to the Electing
Holders participating in such underwritten offering and the Managing
Underwriters, if any, including, without limitation, certificates to evidence
compliance with Section 3(j) hereof and with any conditions contained in the
underwriting agreement or other agreements entered into by the Company.

(q)                               The
Company will use its reasonable best efforts to cause the Common Stock issuable
upon conversion of the Securities to be listed on the Nasdaq Global Select
Market  or other stock exchange or
trading system on which the Common Stock primarily trades on or prior to the
Effective Time of the Shelf Registration Statement hereunder.

(r)                                  In
the event that any broker-dealer registered under the Exchange Act shall be an “affiliate”
(as defined in Rule 2720(b)(1) of the NASD Rules (or any successor
provision thereto)) of the Company or has a “conflict of interest” (as defined
in Rule 2720(b)(7) of the NASD Rules (or any successor provision thereto))
and such broker-dealer shall underwrite, participate as a member of an
underwriting syndicate or selling group or assist in the distribution of any
Registrable Securities covered by the Shelf Registration Statement, whether as
a Holder of such Registrable Securities or as an underwriter, a placement or
sales agent or a broker or dealer in respect thereof, or otherwise, the Company
shall assist such broker-dealer in complying with the requirements of the NASD
Rules, including, without limitation, by (A) engaging a “qualified independent
underwriter” (as defined in Rule 2720(b)(15) of the NASD Rules (or any
successor provision thereto)) to participate in the preparation of the
registration statement relating to such Registrable Securities, to exercise
usual standards of due diligence in respect thereto and to recommend the public
offering price of such Registrable Securities, (B) indemnifying such qualified
independent underwriter to the extent of the indemnification of underwriters
provided in Section 5 hereof, and (C) providing such information to such
broker-dealer as may be required in order for such broker-dealer to comply with
the requirements of the NASD Rules.

(s)                                The
Company shall use its reasonable best efforts to take all other steps necessary
to effect the registration, offering and sale of the Registrable Securities
covered by the Shelf Registration Statement contemplated hereby.

4.                                     Registration Expenses.  The Company agrees to bear and to pay or
cause to be paid promptly upon request being made therefor all expenses
incident to the Company’s performance of or compliance with this Agreement,
including, but not limited to, (a) all Commission and any NASD registration and
filing fees and expenses, (b) all fees and expenses in connection with the qualification
of the Securities for offering and sale under the state securities

 12
 

and blue sky laws referred to in Section 3(h),
including reasonable fees and disbursements of one counsel for the placement
agent or underwriters, if any, in connection with such qualifications, (c) all
expenses relating to the preparation, printing, distribution and reproduction
of the Shelf Registration Statement, the related Prospectus and each amendment
or supplement to each of the foregoing, the certificates representing the
Securities and all other documents relating hereto, (d) fees and expenses of
the Trustee under the Indenture, any escrow agent or custodian, and of the
registrar and transfer agent for the Shares and (e) fees, disbursements and
expenses of counsel and independent certified public accountants of the Company
(including the expenses of any opinions required by or incident to such
performance and compliance) (collectively, the “Registration Expenses”). To
the extent that any Registration Expenses are incurred, assumed or paid by any
Holder of Registrable Securities or any placement agent therefor, the Company
shall reimburse such Person for the full amount of the Registration Expenses so
incurred, assumed or paid promptly after receipt of a documented request therefor.
Notwithstanding the foregoing, the Holders of the Registrable Securities being
registered shall pay all placement agent fees and commissions and transfer
taxes, if any, attributable to the sale of such Registrable Securities.  The counsel referred to in the preceeding
sentence shall be selected by the Company (unless reasonably objected to by the
Electing Holders who own a majority of the aggregate principal amount of the
Registrable Securities being registered (the “Majority Holders”), in which case
the Majority Holders shall select such counsel for the Holders).

5.                                       Indemnification and Contribution.

(a)                                The
Company shall indemnify and hold harmless (i) the Initial Purchasers, (ii) each
Holder, (iii) each person, if any, who controls (within the meaning of either
Section 15 of the Securities Act or Section 20 of the Exchange Act) any of the
foregoing (any of the persons referred to in this clause (iii) being
hereinafter referred to as a “controlling person”) and (iv) the respective
officers, directors, partners, employees, representatives and agents of the
Initial Purchasers, each Holder and each controlling person (any person
referred to in clause (i), (ii), (iii) or (iv), an “Indemnified Party”), from
and against all losses, claims, damages and liabilities, joint or several, and
any actions in respect thereof (including, but not limited to, any loss, claim,
damage, liability or action relating to resales of the Restricted Securities),
to which such Indemnified Party may become subject (“Losses”), insofar as any
such Losses arises out of, or are based upon (A) any untrue statement or
alleged untrue statement of a material fact contained in the Shelf Registration
Statement, the Prospectus, any Issuer Free Writing Prospectus or any blue sky
application or other document prepared or executed by the Company (or based
upon any written information furnished by the Company) specifically for the
purpose of qualifying any or all of the Restricted Securities under the
securities laws of any state or other jurisdiction (any such application,
document or information being hereinafter called a “Blue Sky Application”) or
any amendment or supplement to any of the foregoing or (B) the omission or
alleged omission to state therein any material fact required to be stated
therein or necessary to make the statements therein, in the light of the
circumstances under which they were made, not misleading; provided, however,
that the Company shall not be liable in any such case to the extent that any
such losses arises out of, or is based upon, any untrue statement or alleged
untrue statement or omission or alleged omission made in the Shelf Registration
Statement, any Prospectus, Issuer Free Writing Prospectus or Blue Sky
Application or amendment or

 13
 

supplement thereto in reliance upon and in conformity
with written information furnished to the Company by or on behalf of such
Holder specifically for use therein; provided,
further, that the Company shall not be liable for any loss,
liability, claim, damage or expense to the extent that it arises from a sale of
Restricted Securities occurring during a Suspension Period, provided that the
Company shall have given notice of such Suspension Period to Holders a
reasonable period prior to such sale.

(b)                               Each
Holder, severally and not jointly, shall indemnify and hold harmless the
Company, the Initial Purchasers and the other selling Holders, the Company’s
officers, directors and employees and each controlling person of the foregoing
to the same extent as the indemnity set forth in Section 5(a) above, but only
with respect to any Losses that arises out of, or are based upon, any untrue
statement or alleged untrue statement or omission or alleged omission made in
reliance upon and in conformity with written information relating to such Holder
furnished to the Company by or on behalf of such Holder (or its related
Indemnified Party) specifically for use in the Shelf Registration Statement,
the Prospectus, any Issuer Free Writing Prospectus and any Blue Sky Application
and shall reimburse each Indemnified Party promptly upon demand for any legal
or other expenses reasonably incurred by such Indemnified Party in connection
with investigating or defending or preparing to defend against any such Losses
as such expenses are incurred; provided, that
in no event shall the liability of such Holder hereunder be greater in amount
than the dollar amount of the net proceeds received by such Holder upon the
sale, pursuant to the Shelf Registration Statement, of the Restricted
Securities giving rise to such indemnification obligation.

(c)                                Promptly
after receipt by an Indemnified Party under this Section 5 of notice of any
claim or the commencement of any action, the Indemnified Party shall, if a
claim in respect thereof is to be made against the indemnifying party under
this Section 5, notify the indemnifying party in writing of the claim or the
commencement of that action; provided,
however, that the failure to
notify the indemnifying party shall not relieve it from any liability that it
may have to an Indemnified Party otherwise than under this Section 5.  If any such claim or action shall be brought
against an Indemnified Party, and such Indemnified Party shall notify the
indemnifying party thereof, the indemnifying party shall be entitled to
participate therein and, to the extent that it wishes, jointly with any other
similarly notified indemnifying party, to assume the defense thereof with
counsel reasonably satisfactory to the Indemnified Party.  After notice from the indemnifying party to
the Indemnified Party of its election to assume the defense of such claim or
action, the indemnifying party shall not be liable to the Indemnified Party
under this Section 5 for any legal or other expenses subsequently incurred by
the Indemnified Party in connection with the defense thereof other than
reasonable costs of investigation; provided,
however, that an indemnified party shall have the right to employ
its own counsel in any such action, but the fees, expenses and other charges of
such counsel for the indemnified party will be at the expense of such
indemnified party unless (i) the Company and such Indemnified Parties shall
have so mutually agreed in writing; (ii) the Company has failed within a
reasonable time to retain counsel reasonably satisfactory to such Indemnified
Parties; (iii) such Indemnified Parties and their directors, officers,
employees and controlling persons shall have reasonably concluded, based on the
advice of counsel, that there may be legal defenses available to them that are
different from or in addition to those available to the Company; or (iv) the
named parties in any

 14
 

such proceeding (including any impleaded parties)
include both the Indemnified Parties or their directors, officers, employees or
controlling persons, on the one hand, and the Company, on the other hand, and
representation of both sets of parties by the same counsel would present a
conflict due to actual or potential differing interests between them, and, in
such instance, the fees and expenses of a single separate counsel (in addition
to any local counsel) shall be paid by the Company.  No indemnifying party shall (1) without the
prior written consent of the Indemnified Parties (which consent shall not be
unreasonably withheld, conditioned or delayed) settle or compromise or consent
to the entry of any judgment with respect to any pending or threatened claim,
action, suit or proceeding in respect of which indemnification or contribution
may be sought hereunder (whether or not the Indemnified Parties are actual or
potential parties to such claim or action) unless such settlement, compromise
or consent includes an unconditional release of each Indemnified Party, in form
and substance reasonably acceptable to each Indemnified Party, from all
liability arising out of such claim, action, suit or proceeding and does not
include any statement as to or any admission of fault, culpability or a failure
to act by or on behalf of any Indemnified Party or (2) be liable for any
settlement of any such action effected without its written consent (which
consent shall not be unreasonably withheld, conditioned or delayed), but if
settled with the consent of the indemnifying party or if there be a final
judgment of the plaintiff in any such action, the indemnifying party agrees to
indemnify and hold harmless any Indemnified Party from and against any loss or
liability by reason of such settlement or judgment.

(d)                               If
the indemnification provided for in this Section 5 shall for any reason be
unavailable or insufficient to hold harmless an Indemnified Party under
Sections 5(a) or 5(b) in respect of any loss, claim, damage or liability (or
action in respect thereof) referred to therein, each indemnifying party shall,
in lieu of indemnifying such Indemnified Party, contribute to the amount paid
or payable by such Indemnified Party as a result of such loss, claim, damage or
liability (or action in respect thereof) (i) in such proportion as is
appropriate to reflect the relative benefits received by the Company from the
offering and sale of the Restricted Securities on the one hand and a Holder
with respect to the sale by such Holder of the Restricted Securities on the
other, or (ii) if the allocation provided by Section 5(d)(i) is not permitted
by applicable law, in such proportion as is appropriate to reflect not only the
relative benefits referred to in Section 5(d)(i) but also the relative fault of
the Company on the one hand and the Holders on the other in connection with the
statements or omissions or alleged statements or alleged omissions that
resulted in such loss, claim, damage or liability (or action in respect
thereof), as well as any other relevant equitable considerations. The relative
benefits received by the Company on the one hand and a Holder on the other with
respect to such offering and such sale shall be deemed to be in the same
proportion as the total net proceeds from the offering of the Securities
purchased under the Purchase Agreement (net of discounts and commissions but
before deducting expenses) received by the Company on the one hand, bear to the
total net proceeds received by such Holder with respect to its sale of
Restricted Securities on the other.  The
relative fault of the parties shall be determined by reference to whether the
untrue or alleged untrue statement of a material fact or the omission or
alleged omission to state a material fact relates to information supplied by
the Company on the one hand or the Holders on the other, the intent of the
parties and their relative knowledge, access to information and opportunity to
correct or prevent such

 15
 

statement or omission. 
The Company and each Holder agree that it would not be just and
equitable if the amount of contribution pursuant to this Section 5(d) were
determined by pro rata allocation or by any other method of allocation that
does not take into account the equitable considerations referred to in the
first sentence of this Section 5(d).  The
amount paid or payable by an Indemnified Party as a result of the loss, claim,
damage or liability, or action in respect thereof, referred to above in this
Section 5 shall be deemed to include, for purposes of this Section 5, any legal
or other expenses reasonably incurred by such Indemnified Party in connection
with investigating or defending or preparing to defend any such action or claim.  Notwithstanding the provisions of this
Section 5, no Holder shall be required to contribute any amount in excess of
the amount by which the net proceeds received by such Holder from the sale of
Restricted Securities pursuant to a Shelf Registration Statement exceeds the
amount of any damages that such Holder has otherwise been required to pay by
reason of any untrue or alleged untrue statement or omission or alleged
omission.  No person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities Act)
shall be entitled to contribution from any person who was not guilty of such
fraudulent misrepresentation.  The
Holders’ obligations to contribute as provided in this Section 5(d) are several
and not joint.

(e)                                The
remedies provided for in this Section 5 are not exclusive and shall not limit
any rights or remedies that may otherwise be available to any Indemnified Party
at law or in equity.

(f)                                  The
indemnity and contribution provisions contained in this Section 5 shall remain
operative and in full force and effect regardless of any termination of this
Agreement, any investigation made by or on behalf of the Initial Purchasers,
any Holder, the Company, any controlling persons, or any of their respective
officers, directors, partners, employees, representatives and agents, and any
sale of Restricted Securities pursuant to a Shelf Registration Statement.

6.                                     Underwritten Offering.  Notwithstanding any other provision of this
Section 6, the method of distribution of Registrable Securities pursuant to
such Shelf Registration Statement shall not take the form of an underwritten
offering pursuant to this Section 6 hereof without the prior written agreement
of the Company.  Any Holder of Registrable
Securities who desires to do so may sell Registrable Securities (in whole or in
part) in an underwritten offering to which the Company has agreed; provided that  (i) the Electing Holders of at least
33-1/3% in aggregate principal amount of the Registrable Securities then
covered by the Shelf Registration Statement shall request such an offering) and
(ii) at least such aggregate principal amount of such Registrable Securities
shall be included in such offering; and provided,
further, that the Company shall not be obligated to cooperate with
more than one underwritten offering during the Effectiveness Period.  Upon receipt of such a request, the Company
shall provide all Holders of Registrable Securities written notice of the
request, which notice shall inform such Holders that they have the opportunity
to participate in the offering.  In any
such underwritten offering, the investment banker or bankers and manager or
managers that will administer the offering will be selected by, and the
underwriting arrangements with respect thereto (including the size of the
offering) will be approved by, the holders of a majority of the Registrable
Securities to be included in such offering; provided,
however, that such investment
bankers and managers and

 16
 

underwriting arrangements must be reasonably
satisfactory to the Company.  No Holder
may participate in any underwritten offering contemplated hereby unless (a)
such Holder agrees to sell such Holder’s Registrable Securities to be included
in the underwritten offering in accordance with any approved underwriting
arrangements, (b) such Holder completes and executes all reasonable
questionnaires, powers of attorney, indemnities, underwriting agreements,
lock-up letters and other documents required under the terms of such approved
underwriting arrangements, and (c) if such Holder is not then an Electing
Holder, such Holder returns a completed and signed Notice and Questionnaire to
the Company in accordance with Section 3(a)(ii) hereof within a reasonable
amount of time before such underwritten offering.  The Holders participating in any underwritten
offering shall be responsible for any underwriting discounts and commissions
and fees and, subject to Section 4 hereof, expenses of their own counsel.  The Company shall pay all expenses
customarily borne by issuers in an underwritten offering, including but not
limited to filing fees, the fees and disbursements of its counsel and
independent public accountants and any printing expenses incurred in connection
with such underwritten offering. 
Notwithstanding the foregoing or the provisions of Section 3(n) hereof,
upon receipt of a request from the Managing Underwriter or a representative of
Holders of a majority of the Registrable Securities to be included in an
underwritten offering to prepare and file an amendment or supplement to the
Shelf Registration Statement and Prospectus in connection with an underwritten
offering, the Company may delay the filing of any such amendment or supplement
for up to 90 days if the Board of Directors of the Company shall have
determined in good faith that the Company has a bona fide business reason for
such delay.

7.                                       Additional Interest.

(a)                                If
(i) on or prior to the 180th day following the Closing Date, a Shelf
Registration Statement has not been filed with the Commission, (ii) on or prior
to the 270th day following the Closing Date, such Shelf Registration Statement
has not become effective or (iii) if, after the effectiveness date of the Shelf
Registration Statement, (x) the Shelf Registration Statement ceases to be
effective or usable for the offer and sale of Registrable Securities (other
than due to a Suspension Period), and the Company fails to file (and have
become effective,), within five Business Days, a post-effective amendment to
the Shelf Registration Statement or amendment or supplement to the Prospectus
contained therein or such other document with the Commission to make the Shelf
Registration Statement effective or such Prospectus usable, or (y) Suspension
Periods exceed 90 days (or 120 days, if the maximum number of days for Suspension
Periods is increased pursuant to the proviso to Section 2(c) hereof) in the
aggregate, whether or not consecutive, during any 360-day period during the
Effectiveness Period (each, a “Registration Default”), the Company shall be
required to pay additional interest (“Additional Interest”), from and including
the day following such Registration Default to but excluding the day on which
such Registration Default is cured, at a rate per annum equal to one-quarter of
one percent (0.25%) of the aggregate principal amount of the Securities, to and
including the 90th day following such Registration Default and one-half of one
percent (0.50%) of the aggregate principal amount of the Securities from and
after the 91st day following such Registration Default.

 17
 

(b)                             A
Holder will not be entitled to Additional Interest unless it has provided all
information requested by the Notice and Questionnaire prior to the date of the
Registration Default, if the date of the Registration Default is after the
deadline for the return of the Notice and Questionnaire.

(c)                                Notwithstanding
the foregoing, in no event will Additional Interest be payable in connection
with a failure to register the Common Stock. 
For the avoidance of doubt, if the Company fails to register both the
Securities and the Common Stock, then the Additional Interest shall be payable
in connection with the failure to register the Securities.

(d)                               Any
amounts to be paid as Additional Interest pursuant to Section 7(a) shall be
paid in cash semiannually in arrears, on each interest payment date under the
Indenture to the Person entitled to receive the related payment of interest
under the terms of the Indenture.

(e)                                In
no event shall the Company be required to pay Additional Interest in excess of
the applicable maximum amount of one-half of one percent (0.50%) set forth
above, regardless of whether one or multiple Registration Defaults exist.

8.                                       Rule 144A and Rule 144.

The Company agrees with each Holder, for so long as
any Registrable Securities remain outstanding, (i) during any period in which
the Company is not subject to Section 13 or 15(d) of the Exchange Act, to make
available, upon request of any Holder, to such Holder of Registrable Securities
in connection with any sale thereof and any prospective purchaser of such
Registrable Securities designated by such Holder, the information required by
Rule 144A(d)(4) under the Securities Act in order to permit resales of such
Registrable Securities pursuant to Rule 144A, and (ii) during any period in
which the Company is subject to Section 13 or 15 (d) of the Exchange Act, to
make all filings required thereby in a timely manner in order to permit resales
of such Registrable Securities pursuant to Rule 144.

9.                                       Miscellaneous.

(a)                                Free Writing Prospectuses.  Each Holder represents that it has not
prepared or had prepared on its behalf or used or referred to, and agrees that
it will not prepare or have prepared on its behalf or use or refer to, any Free
Writing Prospectus, and has not distributed and will not distribute any written
materials in connection with the offer or sale of the Registrable Securities
without the prior express written consent of the Company and, in connection
with any underwritten offering, the underwriters.  Any such Free Writing Prospectus consented to
by the Company and, if applicable, the underwriters, as the case may be, is
hereinafter referred to as a “Permitted Free Writing Prospectus.”  The Company represents and agrees that it has
treated and will treat, as the case may be, each Permitted Free Writing
Prospectus as an Issuer Free Writing Prospectus, including in respect of timely
filing with the Commission, legending and recordkeeping.

(b)                               Other Registration Rights.  The Company may grant registration rights
that would permit any person that is a third party the right to piggy-back on
any Shelf Registration

 18
 

Statement, provided
that if the Managing Underwriter of any underwritten offering conducted
pursuant to Section 6 hereof to which the Company has agreed notifies the
Company and the Electing Holders that the total amount of securities which the
Electing Holders and the holders of such piggy-back rights intend to include in
any Shelf Registration Statement is so large as to materially threaten the
success of such offering (including the price at which such securities can be
sold), then the amount, number or kind of securities to be offered for the
account of holders of such piggy-back rights will be reduced to the extent
necessary to reduce the total amount of securities to be included in such
offering to the amount, number and kind recommended by the Managing Underwriter
prior to any reduction in the amount of Registrable Securities to be included
in such Shelf Registration Statement.

(c)                                Specific Performance.  The parties hereto acknowledge that there
would be no adequate remedy at law if the Company fails to perform any of its
obligations hereunder and that the Initial Purchasers and the Holders from time
to time may be irreparably harmed by any such failure, and accordingly agree
that the Initial Purchasers and such Holders, in addition to any other remedy
to which they may be entitled at law or in equity and without limiting the
remedies available to the Electing Holders under Section 7 hereof, shall be
entitled to compel specific performance of the obligations of the Company under
this Registration Rights Agreement in accordance with the terms and conditions
of this Registration Rights Agreement, in any court of the United States or any
State thereof having jurisdiction.

(d)                             Actions Affecting Restricted Securities.  The Company shall not, directly or
indirectly, take any action with respect to the Registrable Securities as a
class that would adversely affect the ability of the Holders of Registrable
Securities to include such Registrable Securities in a registration undertaken
pursuant to this Agreement.

(e)                                No Inconsistent Agreements.  The Company has not, as of the date hereof,
entered into, nor shall it, on or after the date hereof, enter into, any
agreement with respect to its securities that is inconsistent with the rights
granted to the Holders in this Agreement or otherwise conflicts with the
provisions hereof.  In addition, the
Company shall not grant to any of its securityholders the right to include any
of its securities (other than any Restricted Securities held by it) in the
Shelf Registration Statement provided for in this Agreement.

(f)                                  Amendments and Waivers.  This Agreement, including this Section 9(f),
may be amended, and waivers or consents to departures from the provisions
hereof may be given, only by a written instrument duly executed by the Company
and the Holders of a majority in aggregate principal amount of Registrable
Securities then outstanding.  Each Holder
of Registrable Securities outstanding at the time of any such amendment, waiver
or consent or thereafter shall be bound by any amendment, waiver or consent
effected pursuant to this Section 9(f), whether or not any notice, writing or
marking indicating such amendment, waiver or consent appears on the Registrable
Securities or is delivered to such Holder.

(g)                               Notices. 
All notices and other communications provided for or permitted hereunder
shall be given as provided in the Indenture; provided,
that the Company may deliver

 19
 

notices and other communications provided for or
permitted hereunder to any Electing Holder at its address as set forth in the
most recent Notice and Questionnaire that it has delivered.

(h)                             Securities Held by the Company or Their Affiliates.  Whenever the consent or approval of Holders of
a specified percentage of Registrable Securities is required hereunder,
Registrable Securities held by the Company or its Affiliates (other than
subsequent Holders if such subsequent Holders are deemed to be Affiliates
solely by reason of their holding of such Registrable Securities) shall not be
counted in determining whether such consent or approval was given by the
Holders of such required percentage.

(i)                                   Parties in Interest.  The parties to this Agreement intend that all
Holders of Registrable Securities shall be entitled to receive the benefits of
this Agreement and that any Electing Holder shall be bound by the terms and
provisions of this Agreement by reason of such election with respect to the
Registrable Securities which are included in a Shelf Registration
Statement.  All the terms and provisions
of this Agreement shall be binding upon, shall inure to the benefit of and
shall be enforceable by the respective successors and assigns of the parties
hereto and any Holder from time to time of the Registrable Securities to the
aforesaid extent.  In the event that any
transferee of any Holder of Registrable Securities shall acquire Registrable
Securities, in any manner, whether by gift, bequest, purchase, operation of law
or otherwise, such transferee shall, without any further writing or action of
any kind, be entitled to receive the benefits of and, if an Electing Holder, be
conclusively deemed to have agreed to be bound by and to perform all of the
terms and provisions of this Agreement to the aforesaid extent.

(j)                                   Counterparts.  This Agreement may be executed in any number
of counterparts and by the parties hereto in separate counterparts, each of
which when so executed shall be deemed to be an original and all of which taken
together shall constitute one and the same agreement.

(k)                                Headings. 
The headings in this Agreement are for convenience of reference only and
shall not limit or otherwise affect the meaning hereof.

(l)                                   GOVERNING LAW.  THIS AGREEMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

(m)                           Entire Agreement.  This Agreement is intended by the parties as
a final expression of their agreement and intended to be a complete and
exclusive statement of the agreement and understanding of the parties hereto in
respect of the subject matter contained herein. 
There are no restrictions, promises, warranties or undertakings, other
than those set forth or referred to herein with respect to the registration
rights granted by the Company with respect to the Registrable Securities.  This Agreement supersedes all prior
agreements and understandings between the parties with respect to such subject
matter.

(n)                               Severability.  In the event that any one or more of the
provisions contained herein, or the application thereof in any circumstances,
is held invalid, illegal or unenforceable in any respect for any reason, the
validity, legality and enforceability of any such provision in every other
respect and of the remaining provisions hereof shall not be in any way impaired
or affected

 20
 

thereby, it being intended that all of the rights and
privileges of the parties hereto shall be enforceable to the fullest extent
permitted by law.

(o)                               Survival. 
The respective indemnities, agreements, representations, warranties and
other provisions set forth in this Agreement or made pursuant hereto shall
remain in full force and effect, regardless of any investigation (or any
statement as to the results thereof) made by or on behalf of any Electing
Holder, any director, officer or partner of such Holder, any agent or
underwriter, any director, officer or partner of such agent or underwriter, or
any controlling person of any of the foregoing, and shall survive the transfer
and registration of the Registrable Securities of such Holder.

(p)                               Confidentiality. 
Each Holder agrees, by its acquisition of a Restricted
Security, to hold in confidence any communication that has been designated in
writing as confidential by the Company.

[Signature page follows.]

 21

Please confirm
that the foregoing correctly sets forth the agreement between the Company and
you.

	
   

  	
  Very truly yours,

  
	
   

  	
   

  
	
   

  	
  LAWSON SOFTWARE, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
  /s/ Bruce B. McPheeters

  	
   

  
	
   

  	
  Name:

  	
  Bruce B. McPheeters

  
	
   

  	
  Title:

  	
  Senior Vice President, Secretary

  and General Counsel

  
					

 

The foregoing Agreement
is hereby confirmed and

Accepted as of the date first above written.

 

	
  LEHMAN BROTHERS INC.

  	
   

  
	
  CITIGROUP GLOBAL MARKETS INC.

  	
   

  
	
   

  	
   

  
	
  By LEHMAN
  BROTHERS INC., as Authorized
  Representative

  
	
   

  
	
   

  
	
  By

  	
  /s/ Stephen L. Roti

  	
   

  
	
   

  	
  Name: Stephen L. Roti

  	
   

  
	
   

  	
  Title:   Managing
  DirectorExhibit 10.1

EXECUTION COPY

$200,000,000

LAWSON
SOFTWARE, INC.

2.50%
Senior Convertible Notes due 2012

PURCHASE
AGREEMENT

April 17, 2007

LEHMAN BROTHERS INC.

CITIGROUP
GLOBAL MARKETS INC.

c/o Lehman Brothers Inc.

745 Seventh Avenue

New York, New York
10019

Ladies and Gentlemen:

Lawson Software, Inc., a Delaware corporation (the “Company”), proposes, upon the terms and
conditions set forth in this agreement (this “Agreement”),
to issue and sell to you, as the initial purchasers (the “Initial Purchasers”), $200,000,000 in
aggregate principal amount of its 2.50% Senior Convertible Notes due 2012 (the “Firm Securities”).  The Firm Securities will (i) have terms and
provisions that are summarized in the Pricing Disclosure Package (as defined
below) and Offering Memorandum (as defined below) and (ii) are to be issued
pursuant to an Indenture (the “Indenture”)
to be entered into between the Company and The Bank of New York, as trustee
(the “Trustee”).  The Company also proposes to issue and sell
to the Initial Purchasers not more than an additional $40,000,000 principal
amount of its 2.50% Senior Convertible Notes due 2012 (the “Option Securities”) if and to the extent
that Lehman Brothers Inc., as representative of the Initial Purchasers (the “Representative”), shall have determined to
exercise, on behalf of the Initial Purchasers, the right to purchase such 2.50%
Senior Convertible Notes due 2012 granted to the Initial Purchasers in Section
3(a) hereof.  The Firm Securities and the
Option Securities are hereinafter collectively referred to as the “Securities.”  The Securities will be convertible into cash
and shares of the common stock, par value $0.01 per share (the “Common Stock”), of the Company (the shares
of Common Stock into which the Securities are convertible, the “Conversion Shares”).  In connection with the offering of the
Securities, the Company will enter into a convertible note hedge transaction
and a warrant transaction with Lehman Brothers OTC Derivatives Inc. pursuant to
confirmations, each to be dated the date hereof, to the form of the 1992 ISDA
Master Agreement (collectively, the “Hedging
Agreements”).  This is to
confirm the agreement concerning the purchase of the Securities from the
Company by the Initial Purchasers.

1.             Purchase
and Resale of the Securities. 
The Securities will be offered and sold to the Initial Purchasers
without registration under the United States Securities Act of 1933, as

amended (the “Securities
Act”), in reliance on an exemption therefrom.  The Company has prepared a preliminary
offering memorandum, dated April 16, 2007 (the “Preliminary Offering Memorandum”), a pricing term sheet
substantially in the form attached hereto as Schedule II (the “Pricing Term Sheet”) setting forth the
material terms of the Securities omitted from the Preliminary Offering
Memorandum and an offering memorandum, dated April 17, 2007 (the “Offering Memorandum”), setting forth
information regarding the Company and the Securities. The Preliminary Offering
Memorandum, as supplemented and amended as of the Applicable Time (as defined
below), together with the Pricing Term Sheet and any of the documents listed or
information presented on Schedule III hereto are collectively referred to as
the “Pricing Disclosure Package.”
The Company hereby confirms that it has authorized the use of the Preliminary
Offering Memorandum, the Pricing Disclosure Package and the Offering Memorandum
in connection with the offering and resale of the Securities by the Initial
Purchasers. “Applicable Time”
means 5:00 p.m. (New York City time) on the date of this Agreement.

Any reference to the
Preliminary Offering Memorandum, the Pricing Disclosure Package or the  Offering Memorandum shall be deemed to
refer to and include the documents filed by the Company with the United States
Securities and Exchange Commission (the “Commission”)
under the United States Securities Exchange Act of 1934, as amended (the “Exchange Act”), that are incorporated or
deemed to be incorporated by reference therein. 
All documents filed under the Exchange Act and deemed to be included in
the Preliminary Offering Memorandum, Pricing Disclosure Package or the Offering
Memorandum, as the case may be, or any amendment or supplement thereto are
hereinafter called the “Exchange Act Reports.”  The Exchange Act Reports, when they were or
are filed with the Commission, conformed or will conform in all material
respects to the applicable requirements of the Exchange Act and the applicable
rules and regulations of the Commission thereunder.

It is understood and
acknowledged that upon original issuance thereof, and until such time as the
same is no longer required under the applicable requirements of the Securities
Act, the Securities (and all securities issued in exchange therefor or in
substitution thereof) shall bear the following legend (along with such other
legends as the Initial Purchasers and their counsel deem necessary):

THE
SECURITIES EVIDENCED HEREBY HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES
SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”) OR ANY STATE
SECURITIES LAWS. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN
MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE
DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS THE TRANSACTION IS
EXEMPT FROM, OR NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES
ACT AND ANY STATE SECURITIES LAWS. EACH PURCHASER OF THE SECURITY EVIDENCED
HEREBY IS NOTIFIED THAT THE SELLER MAY BE RELYING ON THE EXEMPTION FROM SECTION
5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER. THE HOLDER OF THIS
SECURITY BY ITS ACCEPTANCE HEREOF (1) REPRESENTS THAT IT IS A “QUALIFIED
INSTITUTIONAL

 2
 

BUYER”
(AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT),  (2) AGREES THAT IT WILL NOT PRIOR TO THE DATE
WHICH IS TWO YEARS (OR SUCH SHORTER PERIOD OF TIME AS PERMITTED BY RULE 144(K)
UNDER THE SECURITIES ACT OR ANY SUCCESSOR PROVISION THEREUNDER) AFTER THE LATER
OF THE ORIGINAL ISSUE DATE HEREOF (OR OF ANY PREDECESSOR OF THIS SECURITY) AND
THE LAST SUBSEQUENT ISSUANCE OF A NOTE OF THE SAME SERIES (THE “RESALE
RESTRICTION TERMINATION DATE”), OFFER, SELL OR OTHERWISE TRANSFER THIS SECURITY
EXCEPT (A) TO THE COMPANY, (B) PURSUANT TO A REGISTRATION STATEMENT WHICH HAS
BECOME EFFECTIVE UNDER THE SECURITIES ACT AND WHICH CONTINUES TO BE EFFECTIVE
AT THE TIME OF TRANSFER, (C) FOR SO LONG AS THE SECURITIES ARE ELIGIBLE FOR
RESALE PURSUANT TO RULE 144A, TO A PERSON IT REASONABLY BELIEVES IS A “QUALIFIED
INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT THAT
PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL
BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON
RULE 144A OR (D)  PURSUANT TO ANY OTHER
AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT
AND (3) AGREES THAT IT WILL GIVE TO EACH PERSON TO WHOM THIS SECURITY IS
TRANSFERRED A NOTICE SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND; PROVIDED THAT
THE COMPANY, THE TRUSTEE AND THE REGISTRAR SHALL HAVE THE RIGHT PRIOR TO ANY
SUCH OFFER, SALE OR TRANSFER PURSUANT TO CLAUSE (2)(D) TO REQUIRE THE DELIVERY
OF AN OPINION OF COUNSEL, CERTIFICATION AND/OR OTHER INFORMATION SATISFACTORY
TO EACH OF THEM. THIS LEGEND WILL BE REMOVED UPON THE REQUEST OF THE HOLDER
AFTER THE RESALE RESTRICTION TERMINATION DATE.

You have advised the
Company that you will make offers (the “Exempt
Resales”) of the Securities purchased by you hereunder on the terms
set forth in each of the Pricing Disclosure Package and the Offering
Memorandum, as amended or supplemented, solely to persons (the “Eligible Purchasers”) whom you reasonably
believe to be “qualified institutional buyers” as defined in Rule 144A under
the Securities Act (“QIBs”).  You have advised the Company that you will
offer the Securities to Eligible Purchasers initially at a price equal to 100%
of the principal amount thereof plus accrued interest, if any.  Such price may be changed by the Initial
Purchasers at any time without notice.

Holders of the Securities
(including the Initial Purchasers and their direct and indirect transferees)
will be entitled to the registration rights set forth in the registration
rights agreement (the “Registration Rights
Agreement”) to be entered into between the Company and the Initial
Purchasers to be dated April 23, 2007, pursuant to which the Company will
agree, among other things, to file with the Commission under the circumstances
set forth therein, a shelf registration statement under the Securities Act (the
“Resale Registration Statement”)
relating to resales by holders of the Securities and the Conversion Shares.

 3
 

2.             Representations,
Warranties and Agreements of the Company.  The Company represents, warrants and agrees
as follows:

(a)           When the Securities are issued and
delivered pursuant to this Agreement, the Securities will not be of the same
class (within the meaning of Rule 144A(d)(3) under the Securities Act) as
securities of the Company that are listed on a United States national
securities exchange or that are quoted in a United States automated
inter-dealer quotation system.

(b)           Neither the Company nor any
subsidiary is, and after giving effect to the offer and sale of the Securities
and the application of the proceeds therefrom as described under “Use of
Proceeds” in each of the Pricing Disclosure Package and the Offering Memorandum
will be, an “investment company” within the meaning of the Investment Company
Act of 1940, as amended (the “Investment
Company Act”), and the rules and regulations of the Commission
thereunder.

(c)           Assuming that your representations
and warranties in Section 3(b) are true and you comply with the agreements set
forth herein, the purchase and resale of the Securities pursuant hereto
(including pursuant to the Exempt Resales), and the conversion of the
Securities into cash and Conversion Shares, if any, in each case in the manner
contemplated by this Agreement, the Indenture, the Offering Memorandum and the
Pricing Disclosure Package, are exempt from the registration requirements of
the Securities Act.  No form of general
solicitation or general advertising within the meaning of Regulation D
(including, but not limited to, advertisements, articles, notices or other
communications published in any newspaper, magazine or similar medium or
broadcast over television or radio, or any seminar or meeting whose attendees
have been invited by any general solicitation or general advertising) was used
by the Company or any of its representatives (other than you, as to whom the
Company makes no representation) in connection with the offer and sale of the
Securities.

(d)           Each of the Preliminary Offering
Memorandum, the Pricing Disclosure Package and the Offering Memorandum, each as
of its respective date, contains all the information specified in, and meeting
the requirements of, Rule 144A(d)(4) under the Securities Act.

(e)           The Preliminary Offering Memorandum,
the Pricing Disclosure Package and the Offering Memorandum have been prepared
by the Company for use by the Initial Purchasers in connection with the Exempt
Resales.  No order or decree preventing
the use of the Preliminary Offering Memorandum, the Pricing Disclosure Package
or the Offering Memorandum, or any order asserting that the transactions
contemplated by this Agreement are subject to the registration requirements of
the Securities Act has been issued, and no proceeding for that purpose has
commenced or is pending or, to the knowledge of the Company is threatened.

(f)            The Pricing Disclosure Package did
not as of the Applicable Time contain an untrue statement of a material fact or
omit to state a material fact necessary in order to make the statements made
therein, in the light of the circumstances under which they were made, not
misleading; provided that no
representation or warranty is made as to information contained in or omitted
from the Pricing Disclosure Package in reliance upon and in conformity with
written

 4
 

information furnished to the Company through the
Representative by or on behalf of any Initial Purchaser specifically for
inclusion therein, which information is specified in Section 8(e).

(g)           The Offering Memorandum will not, as
of its date and as of the Closing Date, contain an untrue statement of a
material fact or omit to state a material fact necessary in order to make the
statements made therein, in the light of the circumstances under which they
were made, not misleading; provided
that no representation or warranty is made as to information contained in or
omitted from the Offering Memorandum in reliance upon and in conformity with
written information furnished to the Company through the Representative by or
on behalf of any Initial Purchaser specifically for inclusion therein, which
information is specified in Section 8(e).

(h)           The Company has not made any offer to
sell or solicitation of an offer to buy the Securities that would constitute a “free
writing prospectus” (if the offering of the Securities was made pursuant to a
registered offering under the Securities Act), as defined in Rule 405 under the
Securities Act (a “Free Writing Offering
Document”) without the prior consent of the Representative; any such
Free Writing Offering Document the use of which has been previously consented
to by the Representative is set forth substantially in form and substance as
attached hereto on Schedule III.

(i)            The Exchange Act Reports did not,
when filed with the Commission, contain an untrue statement of material fact or
omit to state a material fact necessary in order to make the statements made
therein, in the light of the circumstances under which they were made, not
misleading.

(j)            The statistical and market-related
data included under the captions “Management’s Discussion and Analysis of
Financial Condition and Results of Operations” and “Business” in the Pricing
Disclosure Package that are included in the Pricing Disclosure Package are based
on or derived from sources that the Company believes to be reliable and
accurate in all material respects.

(k)           Each of the Company and its
subsidiaries has been duly organized and is validly existing and in good
standing as a corporation or other business entity under the laws of its
jurisdiction of organization and is duly qualified to do business and in good
standing as a foreign corporation or other business entity in each jurisdiction
in which its ownership or lease of property or the conduct of its businesses
requires such qualification, except where the failure to be so qualified or in
good standing would not, in the aggregate, reasonably be expected to have a
material adverse effect on the condition (financial or otherwise), results of
operations, stockholders’ equity, properties, business or prospects of the
Company and its subsidiaries taken as a whole or a material adverse effect on
the performance by the Company of this Agreement, the Indenture, the
Securities, the Registration Rights Agreement or the Hedging Agreements (the “Transaction Agreements”) or the
consummation of any of the transactions contemplated hereby or thereby (a “Material Adverse Effect”); each of the
Company and its subsidiaries has all power and authority necessary to own or
hold its properties and to conduct the businesses in which it is engaged.  None of the subsidiaries of the Company
(other than Lawson Software Americas, Inc. (“LSA”)
and Lawson International AB (formerly Intentia International AB)

 5
 

(“Lawson International” and, together with LSA, the “Significant Subsidiaries”)) is a “significant
subsidiary” (as defined in Rule 405 under the Securities Act).

(l)            The Company has an authorized
capitalization as set forth in each of the Pricing Disclosure Package and the
Offering Memorandum, and all of the issued shares of capital stock of the
Company have been duly authorized and validly issued and are fully paid and
non-assessable; and except as disclosed in the Pricing Disclosure Package and
the Offering Memorandum, all of the issued shares of capital stock of each
significant subsidiary of the Company have been duly authorized and validly
issued, are fully paid and non-assessable and are owned directly or indirectly
by the Company, free and clear of all liens, encumbrances, equities or claims,
except for such liens, encumbrances, equities or claims as would not, in the
aggregate, reasonably be expected to have a Material Adverse Effect.

(m)          The Company has all requisite
corporate power and authority to execute, deliver and perform its obligations
under the Indenture.  The Indenture has
been duly and validly authorized by the Company, and upon its execution and
delivery and, assuming due authorization, execution and delivery by the Trustee,
will constitute the valid and binding agreement of the Company, enforceable
against the Company in accordance with its terms, except as such enforceability
may be limited by bankruptcy, fraudulent conveyance, insolvency,
reorganization, moratorium, and other laws relating to or affecting creditors’
rights generally and by general equitable principles (regardless of whether
such enforceability is considered in a proceeding in equity or at law); no
qualification of the Indenture under the Trust Indenture Act of 1939 (the “1939 Act”) is required in connection with
the offer and sale of the Securities contemplated hereby or in connection with
the Exempt Resales.  The Indenture will
conform in all material respects to the description thereof in each of the Pricing
Disclosure Package and the Offering Memorandum.

(n)           The Company has all requisite
corporate power and authority to execute, issue, sell and perform its
obligations under the Securities.  The
Securities have been duly authorized by the Company and, when duly executed by
the Company in accordance with the terms of the Indenture, assuming due
authentication of the Securities by the Trustee, upon delivery to the Initial
Purchasers against payment therefor in accordance with the terms hereof, will
be validly issued and delivered and will constitute valid and binding
obligations of the Company entitled to the benefits of the Indenture,
enforceable against the Company in accordance with their terms, except as such
enforceability may be limited by bankruptcy, fraudulent conveyance, insolvency,
reorganization, moratorium, and other laws relating to or affecting creditors’
rights generally and by general equitable principles (regardless of whether
such enforceability is considered in a proceeding in equity or at law).  The Securities will conform in all material
respects to the description thereof in each of the Pricing Disclosure Package
and the Offering Memorandum.

(o)           The Company has all the requisite
corporate power and authority to issue and deliver the cash and Conversion
Shares, if any, issuable upon conversion of the Securities.  The Conversion Shares have been duly and
validly authorized by the Company and, and when issued upon conversion of the
Securities in accordance with the terms of the Securities, will be validly
issued, fully paid and non-assessable, and the issuance of the Conversion
Shares will not be subject to any preemptive or similar rights.  The Conversion Shares will conform in all

 6
 

material respects to the description thereof in each
of the Pricing Disclosure Package and the Offering Memorandum.

(p)           The Company has all requisite
corporate power and authority to execute, deliver and perform its obligations
under the Registration Rights Agreement. 
The Registration Rights Agreement has been duly authorized by the Company
and, when executed and delivered by the Company in accordance with the terms
hereof and thereof, will be validly executed and delivered and (assuming the
due authorization, execution and delivery thereof by you) will be the legally
valid and binding obligation of the Company in accordance with the terms
thereof, enforceable against the Company in accordance with its terms, except
as such enforceability may be limited by bankruptcy, insolvency,
reorganization, moratorium and other similar laws relating to or affecting
creditor’s rights generally, by general equitable principles (regardless of
whether such enforceability is considered in a proceeding in equity or at law)
and, as to rights of indemnification and contribution, by principles of public
policy.  The Registration Rights
Agreement will conform in all material respects to the description thereof in
each of the Pricing Disclosure Package and the Offering Memorandum.

(q)           The Company has all requisite
corporate power to execute, deliver and perform its obligations under this
Agreement.  This Agreement has been duly
and validly authorized, executed and delivered by the Company.

(r)            The Company has all requisite
corporate power to execute, deliver and perform its obligations under each of
the Hedging Agreements.  Each of the
Hedging Agreements has been duly and validly authorized, executed and delivered
by the Company.

(s)           The issue and sale of the Securities,
the issuance and delivery of any Conversion Shares, the execution, delivery and
performance by the Company of each Transaction Agreement, the application of
the proceeds from the sale of the Securities as described under “Use of
Proceeds” in each of the Pricing Disclosure Package and the Offering Memorandum
and the consummation of the transactions contemplated hereby and thereby, will
not (i) conflict with or result in a breach or violation of any of the terms or
provisions of, impose any lien, charge or encumbrance upon any property or
assets of the Company or its subsidiaries, or constitute a default under, any
indenture, mortgage, deed of trust, loan agreement, license, lease or other
agreement or instrument to which the Company or any of its subsidiaries is a
party or by which the Company or any of its subsidiaries is bound or to which
any of the property or assets of the Company or any of its subsidiaries is
subject, (ii) result in any violation of the provisions of the charter or
by-laws or similar organizational document of the Company or any of its
subsidiaries or (iii) result in any violation of any statute or any judgment,
order, decree, rule or regulation of any court or governmental agency or body
having jurisdiction over the Company or any of its subsidiaries or any of their
properties or assets, except, with respect to clauses (i) and (iii), conflicts
or violations that would not reasonably be expected to have a Material Adverse
Effect.

(t)            No consent, approval, authorization
or order of, or filing, registration or qualification with any court or
governmental agency or body having jurisdiction over the Company or any of its
subsidiaries is required for the issue and sale of the Securities, the issuance
and delivery of any Conversion Shares, the execution, delivery and performance
by the

 7
 

Company of each Transaction Agreement, the application
of the proceeds from the sale of the Securities as described under “Use of
Proceeds” in each of the Pricing Disclosure Package and the Offering Memorandum
and the consummation of the transactions contemplated hereby and thereby,
except for the filing of a registration statement by the Company with the
Commission pursuant to the Securities Act as required by the Registration
Rights Agreement and such consents, approvals, authorizations, orders, filings,
registrations or qualifications as may be required under state securities or
Blue Sky laws in connection with the purchase and distribution of the
Securities by the Initial Purchasers.

(u)           Except as identified in the Pricing
Disclosure Package and the Offering Memorandum, there are no contracts,
agreements or understandings between the Company and any person granting such
person the right to require the Company to file a registration statement under
the Securities Act with respect to any securities of the Company (other than
the Registration Rights Agreement) owned or to be owned by such person or to
require the Company to include such securities in the securities registered
pursuant to the Registration Rights Agreement or in any securities being
registered pursuant to any other registration statement filed by the Company
under the Securities Act.

(v)           There are no contracts, agreements or
understandings between the Company and any person that would give rise to a
valid claim against the Company or the Initial Purchasers for a brokerage
commission, finder’s fee or other like payment in connection with the offering
of the Securities, except as contemplated in this Agreement.

(w)          Neither the Company nor any other
person acting on behalf of the Company has sold or issued any securities that
would be integrated with the offering of the Securities contemplated by this
Agreement pursuant to the Securities Act, the rules and regulations thereunder
or the interpretations thereof by the Commission. The Company will take
reasonable precautions designed to insure that any offer or sale, direct or
indirect, in the United States or to any U.S. person (as defined in Rule 902
under the Securities Act), of any Securities or any substantially similar
security issued by the Company, within six months subsequent to the date on
which the distribution of the Securities has been completed (as notified to the
Company by the Initial Purchasers), is made under restrictions and other
circumstances reasonably designed not to affect the status of the offer and
sale of the Securities in the United States and to U.S. persons contemplated by
this Agreement as transactions exempt from the registration provisions of the
Securities Act, including any sales pursuant to Rule 144A under the Securities
Act.

(x)            Except as described in the each of
the Pricing Disclosure Package and the Offering Memorandum, neither the Company
nor any of its subsidiaries has sustained, since the date of the latest audited
financial statements included in the Pricing Disclosure Package, any loss or
interference with its business from fire, explosion, flood or other calamity,
whether or not covered by insurance, or from any labor dispute or court or
governmental action, order or decree, and, since such date, there has not been
any change in the capital stock or long-term debt of the Company or any of its
subsidiaries or any adverse change, or any development involving a prospective
adverse change, in or affecting the condition (financial or otherwise), results
of operations, stockholders’ equity, properties, management, business or prospects
of the Company

 8
 

and its subsidiaries, taken as a whole, in each case
except as would not, in the aggregate, reasonably be expected to have a
Material Adverse Effect.

(y)           The historical financial statements
(including the related notes and supporting schedules) included in the Pricing
Disclosure Package and the Offering Memorandum present fairly in all material
respects the financial condition, results of operations and cash flows of the
entities purported to be shown thereby, at the dates and for the periods
indicated, and have been prepared in conformity in all material respects with
accounting principles generally accepted in the United States applied on a
consistent basis throughout the periods involved.  The other financial information and data included
in the Offering Memorandum are, in all material respects, accurately presented
and prepared on a basis consistent with such financial statements and the books
and records of the Company.

(z)            PricewaterhouseCoopers LLP, who have
certified certain financial statements of the Company, whose report appears in
the Pricing Disclosure Package and who have delivered the initial letter
referred to in Section 7(g)(i) hereof, are independent public accountants as
required by the Securities Act and the rules and regulations thereunder; and
KPMG Bohlins AB, who have certified certain financial statements of Intentia
International AB (“Intentia”),
whose report appears in the Pricing Disclosure Package and who have delivered
the initial letter referred to in Section 7(g)(ii) hereof, were independent
public accountants with respect to Intentia as required by the Securities Act
and the rules and regulations thereunder at the time such report was rendered.

(aa)         The Company and each of its
subsidiaries has good and marketable title in fee simple to all real property
and good and marketable title to all personal property owned by them, in each
case free and clear of all liens, encumbrances and defects, except such as are
described in the Pricing Disclosure Package and the Offering Memorandum and
such as do not materially affect the value of such property and do not
materially interfere with the use made and proposed to be made of such property
by the Company or any of its subsidiaries; and all assets held under lease by the
Company or any of its subsidiaries are held by them under valid, subsisting and
enforceable leases, with such exceptions as do not materially interfere with
the use made and proposed to be made of such assets by the Company or any of
its subsidiaries.

(bb)         The Company and each of its
subsidiaries carry, or are covered by, insurance from insurers of recognized
financial responsibility in such amounts and covering such risks as is adequate
for the conduct of their respective businesses and the value of their
respective properties and as is customary for companies engaged in similar
businesses in similar industries. Except, in each case, as would not reasonably
be expected to have a Material Adverse Effect: 
all policies of insurance of the Company and its subsidiaries are in
full force and effect; the Company and its subsidiaries are in compliance with
the terms of such policies; and neither the Company nor any of its subsidiaries
has received notice from any insurer or agent of such insurer that capital improvements
or other expenditures are required or necessary to be made in order to continue
such insurance; there are no claims by the Company or any of its subsidiaries
under any such policy or instrument as to which any insurance company is
denying liability or defending under a reservation of rights clause; and
neither the Company nor any such subsidiary has any reason to believe that it
will not be able to renew its existing insurance coverage as and when

 9
 

such coverage expires or to obtain similar coverage
from similar insurers as may be necessary to continue its business.

(cc)         The Company and each of its
subsidiaries have such permits, licenses, patents, franchises, certificates of
need and other approvals or authorizations of governmental or regulatory authorities
(“Permits”) as are necessary under
applicable law to own their properties and conduct their businesses in the
manner described in the Pricing Disclosure Package and the Offering Memorandum,
except for any of the foregoing that would not, in the aggregate, reasonably be
expected to have a Material Adverse Effect or except as described in the
Pricing Disclosure Package and the Offering Memorandum; each of the Company and
its subsidiaries has fulfilled and performed all of its obligations with respect
to the Permits, and no event has occurred that allows, or after notice or lapse
of time would allow, revocation or termination thereof or results in any other
impairment of the rights of the holder or any such Permits, except for any of
the foregoing that would not reasonably be expected to have a Material Adverse
Effect or except as described in the Pricing Disclosure Package.

(dd)         The Company and each of its
subsidiaries own or possess adequate rights to use all material patents, patent
applications, trademarks, service marks, trade names, trademark registrations,
service mark registrations, copyrights, licenses, know-how, software, systems
and technology (including trade secrets and other unpatented and/or
unpatentable proprietary or confidential information, systems or procedures)
necessary for the conduct of their respective businesses in the manner
described in the Pricing Disclosure Package and the Offering Memorandum, except
for any of the foregoing that would not, in the aggregate, reasonably be expected
to have a Material Adverse Effect or except as described in the Pricing
Disclosure Package and the Offering Memorandum, and have no reason to believe
that the conduct of their respective businesses will conflict with, and have
not received any notice of any claim of conflict with, any such rights of
others.

(ee)         Except as described in the Pricing
Disclosure Package and the Offering Memorandum, there are no legal or
governmental proceedings pending to which the Company or any of its
subsidiaries is a party or of which any property or assets of the Company or
any of its subsidiaries is the subject that would, in the aggregate, reasonably
be expected to have a Material Adverse Effect; and to the Company’s knowledge,
no such proceedings are threatened or contemplated by governmental authorities
or others.

(ff)           There are no legal or governmental
proceedings or contracts or other documents that would be required to be
described in a registration statement filed under the Securities Act or, in the
case of documents, would be required to be filed as exhibits to a registration
statement of the Company pursuant to Item 601(b)(10) of Regulation S-K that
have not been described in the Pricing Disclosure Package and the Offering
Memorandum and, in the case of documents, filed as exhibits to the Exchange Act
Reports.  Neither the Company nor any of
its subsidiaries has knowledge that any other party to any such contract,
agreement or arrangement has any intention not to render full performance as
contemplated by the terms thereof; and that statements made in the Exchange Act
Reports under the captions “Legal Proceedings” and “Management’s Discussion and
Analysis of Financial Condition and Results of Operations,” insofar as they
purport to constitute summaries of the terms of statutes, rules or regulations,
legal or governmental proceedings or contracts and other documents, constitute

 10
 

accurate summaries of the terms of such statutes,
rules and regulations, legal and governmental proceedings and contracts and
other documents in all material respects.

(gg)         Except as described in the Pricing
Disclosure Package and the Offering Memorandum, no labor disturbance by the
employees of the Company or any of its subsidiaries exists or, to the knowledge
of the Company, is imminent that would reasonably be expected to have a
Material Adverse Effect.

(hh)         (i) Each “employee benefit plan”
(within the meaning of Section 3(3) of the Employee Retirement Security Act of
1974, as amended (“ERISA”)) for
which the Company or any member of its “Controlled Group” (defined as any
organization which is a member of a controlled group of corporations within the
meaning of Section 414 of the Internal Revenue Code of 1986, as amended (the “Code”)) would have any liability (each a “Plan”) has been maintained in all material
respects in compliance with its terms and with the requirements of all
applicable statutes, rules and regulations including ERISA and the Code; (ii)
with respect to each Plan subject to Title IV of ERISA (a) no “reportable event”
(within the meaning of Section 4043(c) of ERISA) has occurred or is reasonably
expected to occur, (b) no “accumulated funding deficiency” (within the meaning
of Section 302 of ERISA or Section 412 of the Code), whether or not waived, has
occurred or is reasonably expected to occur, (c) the fair market value of the
assets under each Plan exceeds the present value of all benefits accrued under
such Plan (determined based on those assumptions used to fund such Plan) and
(d) neither the Company or any member of its Controlled Group has incurred, or
reasonably expects to incur, any liability under Title IV of ERISA (other than
contributions to the Plan or premiums to the PBGC in the ordinary course and
without default) in respect of a Plan (including a “multiemployer plan”, within
the meaning of Section 4001(c)(3) of ERISA); and (iii) each Plan that is
intended to be qualified under Section 401(a) of the Code is so qualified and
nothing has occurred, whether by action or by failure to act, which would cause
the loss of such qualification.

(ii)           The Company and each of its
subsidiaries has filed all federal, state, local and foreign income and
franchise tax returns required to be filed through the date hereof, subject to
permitted extensions, and has paid all taxes due thereon, and no tax deficiency
has been determined adversely to the Company or any of its subsidiaries, nor
does the Company have any knowledge of any tax deficiencies that would, in the
aggregate, reasonably be expected to have a Material Adverse Effect.

(jj)           There are no transfer taxes or other
similar fees or charges under Federal law or the laws of any state, or any
political subdivision thereof, required to be paid in connection with the
execution and delivery of this Agreement or the issuance by the Company or sale
by the Company of the Securities.

(kk)         Since the date as of which information
is given in the Pricing Disclosure Package and except as otherwise described in
the Pricing Disclosure Package and the Offering Memorandum, the Company has not
(i) issued or granted any securities, (ii) incurred any liability or
obligation, direct or contingent, other than liabilities and obligations that
were incurred in the ordinary course of business, (iii) entered into any
material transaction not in the ordinary course of business or (iv) declared or
paid any dividend on its capital stock.

 11
 

(ll)           The Company and each of its
subsidiaries (i) makes and keeps accurate books and records and (ii) except as
described in the Pricing Disclosure Package and the Offering Memorandum
maintains and has maintained effective internal control over financial
reporting as defined in Rule 13a-5 under the Exchange Act and a system of
internal accounting controls sufficient to provide reasonable assurance that
(A) transactions are executed in accordance with management’s general or
specific authorization, (B) transactions are recorded as necessary to permit
preparation of its financial statements in conformity with accounting
principles generally accepted in the United States and to maintain
accountability for its assets, (C) access to its assets is permitted only in
accordance with management’s general or specific authorization and  (D) the reported accountability for its
assets is compared with existing assets at reasonable intervals and appropriate
action is taken with respect to any differences.

(mm)       Neither the Company nor any of its
subsidiaries (i) is in violation of its charter or by-laws (or similar
organizational documents), (ii) is in default, and no event has occurred that, with
notice or lapse of time or both, would constitute such a default, in the due
performance or observance of any term, covenant, condition or other obligation
contained in any indenture, mortgage, deed of trust, loan agreement, license or
other agreement or instrument to which it is a party or by which it is bound or
to which any of its properties or assets is subject or (iii) is in violation of
any statute or any order, rule or regulation of any court or governmental
agency or body having jurisdiction over it or its property or assets or has
failed to obtain any license, permit, certificate, franchise or other
governmental authorization or permit necessary to the ownership of its property
or to the conduct of its business, except in the case of clauses (ii) and
(iii), to the extent any such conflict, breach, violation or default would not,
in the aggregate, reasonably be expected to have a Material Adverse Effect.

(nn)         Neither the Company nor any of its
subsidiaries, nor, to the knowledge of the Company, any director, officer,
agent, employee or other person associated with or acting on behalf of the
Company or any of its subsidiaries, has (i) used any corporate funds for any
unlawful contribution, gift, entertainment or other unlawful expense relating
to political activity; (ii) made any direct or indirect unlawful payment to any
foreign or domestic government official or employee from corporate funds; (iii)
violated or is in violation of any provision of the Foreign Corrupt Practices
Act of 1977; or (iv) made any bribe, rebate, payoff, influence payment,
kickback or other unlawful payment.

(oo)         Except as described in the Pricing
Disclosure Package and the Offering Memorandum, (i) there are no proceedings
that are pending, or known to be contemplated, against the Company or any of
its subsidiaries under any laws, regulations, ordinances, rules, orders,
judgments, decrees, permits or other legal requirements of any governmental
authority, including without limitation any international, national, state,
provincial, regional, or local authority, relating to the protection of human
health or safety, the environment, or natural resources, or to hazardous or
toxic substances or wastes, pollutants or contaminants (“Environmental Laws”) in which a
governmental authority is also a party, other than such proceedings regarding
which it is reasonably believed no monetary sanctions of $100,000 or more will
be imposed, (ii) the Company and its subsidiaries are not aware of any issues
regarding compliance with Environmental Laws, or liabilities or other
obligations under Environmental Laws or concerning hazardous or toxic
substances or wastes, pollutants or contaminants, that would reasonably be
expected to have a material effect on the capital

 12
 

expenditures, earnings or competitive position of the
Company and its subsidiaries, and (iii) 
none of the Company and its subsidiaries anticipates material capital
expenditures relating to Environmental Laws.

(pp)         None of the transactions contemplated
by this Agreement (including, without limitation, the use of the proceeds from
the sale of the Securities), will violate or result in a violation of Section 7
of the Exchange Act, or any regulation promulgated thereunder, including,
without limitation, Regulations T, U and X of the Board of Governors of the
Federal Reserve System.

(qq)         The statements set forth in each of the
Pricing Disclosure Package and the Offering Memorandum under the caption “Description
of the Notes,” insofar as they purport to constitute a summary of the terms of
the Indenture, Securities or the Registration Rights Agreement, and under the
captions “Description of Capital Stock,” “Certain United States Federal Income
and Estate Tax Considerations,” “Convertible Note Hedge and Warrant
Transactions,” “Plan of Distribution” and “Notice to Investors,” insofar as
they purport to describe the provisions of the laws and documents referred to
therein, are accurate in all material respects.

(rr)           The Company and its affiliates have
not taken, directly or indirectly, any action designed to or that has
constituted or that reasonably can be expected to cause or result in the
stabilization or manipulation of the price of any security of the Company in
connection with the offering of the Securities.

(ss)         (i) The Company and each of its
subsidiaries have established and maintain disclosure controls and procedures
(as such term is defined in Rule 13a-15 under the Exchange Act), (ii) such
disclosure controls and procedures are designed to ensure that the information
required to be disclosed by the Company in the reports they file or submit
under the Exchange Act (assuming the Company was required to file or submit
such reports under the Exchange Act) is accumulated and communicated to
management of the Company and its subsidiaries, including their respective
principal executive officers and principal financial officers, as appropriate,
to allow timely decisions regarding required disclosure to be made; and (iii)
except as described in the Pricing Disclosure Package and the Offering Memorandum
such disclosure controls and procedures are effective in all material respects
to perform the functions for which they were established.

(tt)           Since the date of the most recent
balance sheet of the Company and its consolidated subsidiaries reviewed or audited
by PricewaterhouseCoopers LLP and the audit committee of the board of directors
of the Company, (i) the Company has not been advised of (A) except as described
in the Pricing Disclosure Package and the Offering Memorandum any significant
deficiencies in the design or operation of internal controls that would
adversely affect the ability of the Company or any of its subsidiaries to
record, process, summarize and report financial data, or any material
weaknesses in internal controls or (B) any fraud, whether or not material, that
involves management or other employees who have a significant role in the
internal controls of the Company and each of its subsidiaries, and (ii) except
as described in the Pricing Disclosure Package and Offering Memorandum since
that date, there have been no significant changes in internal controls or in
other factors that would significantly affect internal

 13
 

controls, including any corrective actions with regard
to significant deficiencies and material weaknesses.

(uu)         No subsidiary of the Company is
currently prohibited, directly or indirectly, from paying any dividends to the
Company, from making any other distribution on such subsidiary’s capital stock,
from repaying to the Company any loans or advances to such subsidiary from the
Company or from transferring any of such subsidiary’s property or assets to the
Company or any other subsidiary of the Company, except as described in the
Pricing Disclosure Package and the Offering Memorandum.

(vv)         There is and has been no failure on the
part of the Company and to the knowledge of the Company, any of the Company’s
directors or officers, in their capacities as such, to comply in all material
respects with the provisions of the Sarbanes-Oxley Act of 2002 and the rules
and regulations promulgated in connection therewith.

(ww)       The section entitled “Management’s
Discussion and Analysis of Financial Condition and Results of Operations –
Critical Accounting Policies and Estimates” in the Preliminary Offering
Memorandum contained in the Pricing Disclosure Package accurately and fully
describes (A) the accounting policies that the Company believes are the most
important in the portrayal of the Company’s financial condition and results of
operations and that require management’s most difficult, subjective or complex
judgments;  (B) the judgments and
uncertainties affecting the application of critical accounting policies; and
(C) the likelihood that materially different amounts would be reported under
different conditions or using different assumptions and an explanation thereof.

(xx)          Neither the Company nor any subsidiary
is in violation of or has received notice of any violation with respect to any
federal or state law relating to discrimination in the hiring, promotion or pay
of employees, nor any applicable federal or state wage and hour laws, the
violation of any of which would reasonably be expected to have a Material
Adverse Affect.

(yy)         The operations of the Company and its
subsidiaries are and have been conducted at all times in compliance with
applicable financial recordkeeping and reporting requirements of the Currency
and Foreign Transactions Reporting Act of 1970, as amended, the money
laundering statutes of all jurisdictions, the rules and regulations thereunder
and any related or similar rules, regulations or guidelines, issued,
administered or enforced by any governmental agency (collectively, the “Money Laundering Laws”) and no action, suit
or proceeding by or before any court or governmental agency, authority or body
or any arbitrator involving the Company or any of its subsidiaries with respect
to the Money Laundering Laws is pending or, to the knowledge of the Company,
threatened, except, in each case, as would not reasonably be expected to have a
Material Adverse Effect.  Neither the
Company nor any of its subsidiaries, nor, to the knowledge of the Company, any
director, officer, agent, employee or other person associated with or acting on
behalf of the Company or any of its subsidiaries, has (i) used any corporate
funds for any unlawful contribution, gift, entertainment or other unlawful
expense relating to political activity; (ii) made any direct or indirect
unlawful payment to any foreign or domestic government official or employee
from corporate funds; (iii) violated or is in violation of any provision of the
U.S. Foreign Corrupt Practices Act of 1977; or (iv) made any bribe, rebate,
payoff, influence payment, kickback or other unlawful payment

 14
 

(zz)          Neither the Company nor any of its
subsidiaries nor, to the knowledge of the Company, any director, officer,
agent, employee or affiliate of the Company or any of its subsidiaries is
currently subject to any U.S. sanctions administered by the Office of Foreign
Assets Control of the U.S. Treasury Department (“OFAC”); and the Company will not directly or indirectly use
the proceeds of the offering, or lend, contribute or otherwise make available
such proceeds to any subsidiary, joint venture partner or other person or
entity, for the purpose of financing the activities of any person currently
subject to any U.S. sanctions administered by OFAC.

Any certificate signed by
any officer of the Company and delivered to the Representative or counsel for
the Initial Purchasers in connection with the offering of the Securities shall
be deemed a representation and warranty by the Company, as to matters covered
thereby, to each Initial Purchaser.

3.             Purchase
of the Securities by the Initial Purchasers, Agreements to Sell, Purchase and
Resell.  (a) The Company
hereby agrees, on the basis of the representations, warranties and agreements
of the Initial Purchasers contained herein and subject to all the terms and
conditions set forth herein, to issue and sell to the Initial Purchasers and,
upon the basis of the representations, warranties and agreements of the Company
herein contained and subject to all the terms and conditions set forth herein,
each Initial Purchaser agrees, severally and not jointly, to purchase from the
Company, at a purchase price of 97.6% of the principal amount thereof (the “Purchase Price”), the aggregate principal
amount of Securities set forth opposite the name of such Initial Purchaser in
Schedule I hereto.  The Company shall not
be obligated to deliver any of the securities to be delivered hereunder except
upon payment for all of the securities to be purchased as provided herein.  On the basis of the representations and
warranties contained in this Agreement, and subject to its terms and
conditions, the Company agrees to sell to the Initial Purchasers the Option
Securities, and the Initial Purchasers shall have the right to purchase,
severally and not jointly, up to $40,000,000 aggregate principal amount of
Option Securities at the Purchase Price. 
The Representative may exercise this right on behalf of the Initial
Purchasers in whole or from time to time in part by giving written notice not
later than 30 days after the date of this Agreement.  Any exercise notice shall specify the
principal amount of Option Securities to be purchased by the Initial Purchasers
and the date on which such Option Securities are to be purchased.  Each purchase date must be at least one
business day after the written notice is given and may not be earlier than the
closing date for the Firm Securities nor later than ten business days after the
date of such notice.  On an Option
Closing Date (as defined below), each Initial Purchaser agrees, severally and
not jointly, to purchase the principal amount of Option Securities (subject to
such adjustments to eliminate fractional Securities as you may determine) that
bears the same proportion to the total principal amount of Option Securities to
be purchased on such Option Closing Date as the principal amount of Firm
Securities set forth in Schedule I opposite the name of such Initial Purchaser
bears to the total principal amount of Firm Securities.

(b)           Each of the Initial Purchasers,
severally and not jointly, hereby represents and warrants to the Company that
it will offer the Securities for sale upon the terms and conditions set forth
in this Agreement and in the Pricing Disclosure Package.  Each of the Initial Purchasers, severally and
not jointly, hereby represents and warrants to, and agrees with, the Company,
on the basis of the representations, warranties and agreements of the Company,
that such Initial Purchaser: (i) is a QIB with such knowledge and experience in
financial and business

 15

matters as are necessary in order to evaluate the
merits and risks of an investment in the Securities; (ii) is purchasing the
Securities pursuant to a private sale exempt from registration under the
Securities Act; (iii) in connection with the Exempt Resales, will solicit
offers to buy the Securities only from, and will offer to sell the Securities
only to, the Eligible Purchasers in accordance with this Agreement and on the
terms contemplated by the Pricing Disclosure Package; and (iv) will not offer
or sell the Securities, nor has it offered or sold the Securities by, or
otherwise engaged in, any form of general solicitation or general advertising
(within the meaning of Regulation D, including, but not limited to,
advertisements, articles, notices or other communications published in any
newspaper, magazine, or similar medium or broadcast over television or radio,
or any seminar or meeting whose attendees have been invited by any general
solicitation or general advertising).

(c)           Each of the Initial Purchasers,
severally and not jointly, hereby represents and warrants to the Company that
such Initial Purchaser has not and, prior to the later to occur of (A) the
Closing Date and (B) completion of the distribution of the Securities, will
not, use, authorize use of, refer to or distribute any material in connection
with the offering and sale of the Securities other than (i) the Preliminary
Offering Memorandum, the Pricing Disclosure Package, the Offering Memorandum,
(ii) any written communication that contains no “issuer information” (as
defined in Rule 433(h)(2) under the Act) that was not included (including
through incorporation by reference) in the Preliminary Offering Memorandum or
any Free Writing Offering Document listed on Schedule III hereto, (iii) the Free
Writing Offering Documents listed on Schedule III hereto, (iv) any written
communication prepared by such Initial Purchaser and approved by the Company in
writing, or (v) any written communication relating to or that contains the
terms of the Securities and/or other information that was included (including
through incorporation by reference) in the Preliminary Offering Memorandum, the
Pricing Disclosure Package or the Offering Memorandum.

Each of the Initial
Purchasers understands that the Company and, for purposes of the opinions to be
delivered to the Initial Purchasers pursuant to Sections 7(b), 7(c), 7(d), 7(e)
and 7(f) hereof, counsel to the Company and counsel to the Initial Purchasers,
will rely upon the accuracy and truth of the foregoing representations,
warranties and agreements, and the Initial Purchasers hereby consent to such
reliance.

4.             Delivery
of the Securities and Payment Therefor.  Delivery to the Initial Purchasers of and
payment for the Firm Securities shall be made at the office of Cleary Gottlieb
Steen & Hamilton LLP, One Liberty Plaza, New York, New York, at 9:00 A.M.,
New York City time, on April 23, 2007 (the “Firm
Closing Date”).  The place of
closing for the Securities and the Firm Closing Date may be varied by agreement
between the Initial Purchasers and the Company.

Payment for any Option
Securities shall be made to the Company against delivery of such Option
Securities for the respective accounts of the several Initial Purchasers at
9:00 A.M., New York City time, on the date specified in the corresponding
notice described in Section 3(a) or at such other time on the same or on such
other date, as may be varied by agreement between the Initial Purchasers and
the Company.  The date for delivery of
and payment for the Option Securities is herein referred to as an “Option Closing Date,” which may

 16
 

be the Firm Closing Date (the Firm Closing Date and
each Option Closing Date, if any, being referred to as a “Closing Date”).

The Securities will be
delivered to the Initial Purchasers, or the Trustee as custodian for The
Depository Trust Company (“DTC”),
against payment by or on behalf of the Initial Purchasers of the purchase price
therefor by wire transfer in immediately available funds, by causing DTC to
credit the applicable Securities to the account of the Initial Purchasers at
DTC.  The Securities will be evidenced by
one or more global securities in definitive form (the “Global Securities”) or by additional
definitive securities, and will be registered, in the case of the Global Securities,
in the name of Cede & Co. as nominee of DTC, and in the other cases, in
such names and in such denominations as the Initial Purchasers shall request
prior to 9:30 A.M., New York City time, on the second business day preceding
the applicable Closing Date.  The
Securities to be delivered to the Initial Purchasers shall be made available to
the Initial Purchasers in New York City for inspection and packaging not later
than 9:30 A.M., New York City time, on the business day next preceding the
applicable Closing Date.

5.             Agreements
of the Company.  The Company
agrees with each of the Initial Purchasers as follows:

(a)           The Company will furnish to the
Initial Purchasers, without charge, within one business day of the date of the
Offering Memorandum, such number of copies of the Offering Memorandum as may
then be amended or supplemented as they may reasonably request.

(b)           The Company will not make any
amendment or supplement to the Pricing Disclosure Package or to the Offering
Memorandum of which the Initial Purchasers shall not previously have been
advised or to which they shall reasonably object after being so advised, except
for such documents are required to be filed under the Exchange Act.

(c)           The Company consents to the use of the
Pricing Disclosure Package and the Offering Memorandum in accordance with the
securities or Blue Sky laws of the jurisdictions in which the Securities are
offered by the Initial Purchasers and by all dealers to whom Securities may be
sold, in connection with the offering and sale of the Securities.

(d)           If, at any time prior to completion of
the distribution of the Securities by the Initial Purchasers to Eligible
Purchasers, any event occurs or information becomes known that, in the judgment
of the Company or in the opinion of counsel for the Initial Purchasers, should
be set forth in the Pricing Disclosure Package or the Offering Memorandum so
that the Pricing Disclosure Package or the Offering Memorandum, as then amended
or supplemented, does not include any untrue statement of material fact or omit
to state a material fact necessary in order to make the statements therein, in
the light of the circumstances under which they were made, not misleading, or
if it is necessary to supplement or amend the Pricing Disclosure Package or the
Offering Memorandum in order to comply with any law, the Company will forthwith
prepare an appropriate supplement or amendment thereto, and will expeditiously
furnish to the Initial Purchasers a reasonable number of copies thereof.

 17
 

(e)           The Company will not make any offer to
sell or solicitation of an offer to buy the Securities that would constitute a
Free Writing Offering Document without the prior consent of the Representative,
which consent shall not be unreasonably withheld or delayed; if at any time
following issuance of a Free Writing Offering Document any event occurred or
occurs as a result of which such Free Writing Offering Document conflicts with
the information in the Preliminary Offering Memorandum, the Pricing Disclosure
Package or the Offering Memorandum or, when taken together with the information
in the Preliminary Offering Memorandum, the Pricing Disclosure Package or the
Offering Memorandum, includes an untrue statement of a material fact or omits
to state any material fact necessary in order to make the statements therein,
in the light of the circumstances then prevailing, not misleading, as promptly
as practicable after becoming aware thereof, the Company will give notice
thereof to the Initial Purchasers through the Representative and, if requested
by the Representative, will prepare and furnish without charge to each Initial
Purchaser a Free Writing Offering Document or other document which will correct
such conflict, statement or omission.

(f)            Promptly from time to time to take
such action as the Initial Purchasers may reasonably request to qualify the
Securities for offering and sale under the securities or Blue Sky laws of such
jurisdictions as the Initial Purchasers may request and to comply with such
laws so as to permit the continuance of sales and dealings therein in such
jurisdictions for as long as may be necessary to complete the distribution of
the Securities; provided that in
connection therewith the Company shall not be required to (i) qualify as a
foreign corporation in any jurisdiction in which it would not otherwise be
required to so qualify, (ii) file a general consent to service of process in
any such jurisdiction or (iii) subject itself to taxation in any jurisdiction
in which it would not otherwise be subject.

(g)           For a period commencing on the date
hereof and ending on the 90th day after the date of the Offering Memorandum,
the Company agrees not to, directly or indirectly, (1) offer for sale, sell,
pledge or otherwise dispose of (or enter into any transaction or device that is
designed to, or would be expected to, result in the disposition by any person
at any time in the future of) any Common Stock, securities of the Company that
are substantially similar to the Securities or securities convertible into or exchangeable
for or that represent the right to receive Common Stock, or sell or grant
options, rights or warrants with respect to the Common Stock or securities
convertible into or exchangeable for the Common Stock, (2) enter into any swap
or other derivatives transaction or arrangement that transfers to another, in
whole or in part, any of the economic benefits or risks of ownership of the
Common Stock, whether any such transaction described in clause (1) or (2) above
is to be settled by delivery of Common Stock or other securities, in cash or
otherwise, (3) file or cause to be filed a registration statement, including
any amendments, with respect to the registration of Common Stock or securities
convertible, exercisable or exchangeable into shares of Common Stock or (4)
publicly announce the intention to do any of the foregoing, in each case
without the prior written consent of the Representative, on behalf of the
Initial Purchasers; provided, however,
that the foregoing shall not apply to (A) the issuance and sale of the
Securities under this Agreement or the issuance of the Conversion Shares, (B)
the filing of registration statements in respect of the Securities and the
Conversion Shares pursuant to the Registration Rights Agreement, (C) the grant
of options or other equity-based awards for Common Stock pursuant to employee
benefit plans existing on the date of this Agreement, (D) the issuance by us of
shares of Common Stock upon the exercise of an option or warrant or the
conversion of a security outstanding on the date of this Agreement or issued in

 18
 

accordance with clause (C), (E) the entry into the
transactions contemplated by the Hedging Agreements and (F) the filing of a
registration statement pursuant to the Registration Rights Agreement.  The Company will cause each officer and
director of the Company set forth on Schedule IV hereto to furnish to the
Initial Purchasers, prior to the Firm Closing Date, a letter or letters,
substantially in the form of Exhibit A hereto.

(h)           The Company will furnish to the
holders of the Securities as soon as practicable after the end of each fiscal
year an annual report (including a balance sheet and statements of income,
stockholders’ equity and cash flows of the Company and its consolidated
subsidiaries certified by independent public accountants) and, as soon as
practicable after the end of each of the first three quarters of each fiscal
year (beginning with the fiscal quarter ending after the date of the Offering
Memorandum), will make available to its securityholders consolidated summary
financial information of the Company and its subsidiaries for such quarter in
reasonable detail; provided that
so long as the Company files periodic reports pursuant to Section 13 or 15(d)
of the Exchange Act for the foregoing periods, the Company shall be deemed to
comply with this Section 5(h).

(i)            So long as any of the Securities or
the Conversion Shares are outstanding and to the extent such information is not
filed with the Commission via EDGAR, the Company will furnish to the Initial
Purchasers (i) as soon as available, a copy of each report of the Company
mailed to stockholders generally or filed with any stock exchange or regulatory
body and (ii) from time to time such other information concerning the Company
as the Initial Purchasers may reasonably request.

(j)            The Company will apply the net
proceeds from the sale of the Securities to be sold by it hereunder
substantially in accordance with the description set forth in the Pricing
Disclosure Package and the Offering Memorandum under the caption “Use of
Proceeds.”

(k)           The Company and its affiliates will
not take, directly or indirectly, any action designed to or that has
constituted or that reasonably would be expected to cause or result in the
stabilization or manipulation of the price of any security of the Company in
connection with the offering of the Securities.

(l)            The Company will use its best efforts
to permit the Securities to be designated as Private Offerings, Resales and
Trading through Automated Linkages (PORTAL) MarketSM (the “PORTAL
MarketSM”)
securities in accordance with the rules and regulations adopted by the National
Association of Securities Dealers, Inc. relating to trading in the PORTAL
MarketSM and to permit the Securities to be eligible
for clearance and settlement through DTC.

(m)          The Company will not, and will not
permit any of its affiliates (as defined in Rule 144 under the Securities Act)
to, resell any of the Securities that have been acquired by any of them, except
for Securities purchased by the Company or any of its affiliates and resold in
a transaction registered under the Securities Act.

(n)           The Company agrees not to sell, offer
for sale or solicit offers to buy or otherwise negotiate in respect of any
security (as defined in the Securities Act) that would be

 19
 

integrated with the sale of the Securities in a manner
that would require the registration under the Securities Act of the sale to the
Initial Purchasers or the Eligible Purchasers of the Securities.

(o)           For so long as any of the Securities
are “restricted securities” within the meaning of Rule 144(a)(3) under the
Securities Act, the Company shall provide to any holder of the Securities or to
any prospective purchaser of the Securities designated by any holder, upon
request of such holder or prospective purchaser, information required to be
provided by Rule 144A(d)(4) under the Securities Act if, at the time of
such request, the Company is not subject to the reporting requirements under
Section 13 or 15(d) of the Exchange Act.

(p)           Except following the filing of the
Resale Registration Statement, the Company will not use any form of general
solicitation or general advertising within the meaning of Regulation D
(including, but not limited to, advertisements, articles, notices or other communications
published in any newspaper, magazine or similar medium or broadcast over
television or radio, or any seminar or meeting whose attendees have been
invited by any general solicitation or general advertising) in connection with
the offer and sale of the Securities.

(q)           Any information provided by the
Company to publishers of publicly available databases about the terms of the
Securities shall include a statement that the Securities have not been
registered under the Securities Act and are subject to restrictions under Rule
144A under the Securities Act.

(r)            The Company will reserve and keep
available at all times, free of preemptive rights, the full number of
Conversion Shares.

(s)           Between the date hereof and the
Closing Date, the Company will not do or authorize any act or thing that would
result in an adjustment of the conversion price of the Securities.

(t)            The Company will take such steps as
shall be necessary to ensure that neither the Company nor any of the Company’s
subsidiaries becomes an “investment company” within the meaning of such term
under the Investment Company Act.

6.             Expenses.  Whether or not the transactions contemplated
by this Agreement are consummated or this Agreement becomes effective or is
terminated, the Company agrees, to pay all costs, expenses, fees and taxes
incident to and in connection with: (i) the preparation, printing, filing and
distribution of the Preliminary Offering Memorandum, the Pricing Disclosure
Package and the Offering Memorandum (including, without limitation, financial
statements and exhibits) and all amendments and supplements thereto (including
the fees, disbursements and expenses of the Company’s accountants and counsel,
but not, however, legal fees and expenses of the Initial Purchasers’ counsel
incurred in connection therewith); (ii) the preparation, printing (including,
without limitation, word processing and duplication costs) and delivery of each
Transaction Agreement, all Blue Sky memoranda and all other agreements,
memoranda, correspondence and other documents printed and delivered in
connection therewith and with the Exempt Resales (but not, however, legal fees
and expenses of the Initial Purchasers’ counsel incurred in connection with any
of the foregoing other than fees of such counsel plus reasonable disbursements
incurred in connection with the preparation, printing and delivery of such Blue

 20
 

Sky memoranda); (iii) the authorization, issuance,
sale and delivery by the Company of the Securities and any taxes payable in
connection therewith; (iv) the qualification of the Securities for offer and
sale under the securities or Blue Sky laws of the several states (including,
without limitation, the reasonable fees and disbursements of the Initial
Purchasers’ counsel relating to such registration or qualification); (v) the
furnishing of such copies of the Pricing Disclosure Package and the Offering
Memorandum, and all amendments and supplements thereto, as may be reasonably
requested for use in connection with the Exempt Resales; (vi) the preparation of
certificates for the Securities (including, without limitation, printing and
engraving thereof); (vii) the application for quotation of the Securities in
the PORTAL MarketSM
(including all disbursements and listing fees); (viii) the
approval of the Securities by DTC for “book-entry” transfer (including fees and
expenses of counsel); (ix) the obligations of the Trustee, any agent of the
Trustee and the counsel for the Trustee in connection with the Indenture and
the Securities; (x) the performance by the Company of their other obligations
under this Agreement; and (xi) all travel expenses (including expenses related
to chartered aircraft) of each Initial Purchaser and the Company’s officers and
employees and any other expenses of each Initial Purchaser and the Company in
connection with attending or hosting meetings with prospective purchasers of
the Securities, and expenses associated with any electronic road show.

7.             Conditions
to Initial Purchasers’ Obligations. 
The respective obligations of the Initial Purchasers hereunder are
subject to the accuracy, when made and on and as of the Closing Date, of the
representations and warranties of the Company contained herein, to the
performance by the Company of its obligations hereunder, and to each of the
following additional terms and conditions:

(a)           All corporate proceedings and other
legal matters incident to the authorization, form and validity of each
Transaction Agreement, the Securities, the Conversion Shares, the Pricing
Disclosure Package and the Offering Memorandum, and all other legal matters
relating to this Agreement and the transactions contemplated hereby shall be
reasonably satisfactory in all material respects to counsel for the Initial
Purchasers, and the Company shall have furnished to such counsel all documents
and information that they may reasonably request to enable them to pass upon
such matters.

(b)           Simpson Thacher & Bartlett LLP
shall have furnished to the Initial Purchasers its written opinion, as counsel
to the Company, addressed to the Initial Purchasers and dated the Firm Closing
Date, substantially in the form of Exhibit B hereto.

(c)           Dorsey & Whitney LLP shall have
furnished to the Initial Purchasers its written opinion, as counsel to the
Company, addressed to the Initial Purchasers and dated the Firm Closing Date,
substantially in the form of Exhibit C hereto.

(d)           Gernandt & Danielsson Advokatbyrå
KB shall have furnished to the Initial Purchasers its written opinion, as
counsel to the Company, addressed to the Initial Purchasers and dated the Firm
Closing Date, substantially in the form of Exhibit D hereto.

(e)           Bruce McPheeters, General Counsel of
the Company, shall have furnished to the Initial Purchasers his written
opinion, as counsel to the Company, addressed to the Initial Purchasers and
dated the Firm Closing Date, substantially in the form of Exhibit E
hereto.

 21
 

(f)            The Initial Purchasers shall have
received from Cleary Gottlieb Steen & Hamilton LLP, counsel for the Initial
Purchasers, such opinion or opinions, dated the Firm Closing Date, with respect
to the issuance and sale of the Securities, the Pricing Disclosure Package, the
Offering Memorandum and other related matters as the Initial Purchasers may
reasonably require, and the Company shall have furnished to such counsel such
documents and information as they reasonably request for the purpose of
enabling them to pass upon such matters.

(g)           At the time of execution of this
Agreement, (i) the Initial Purchasers shall have received from
PricewaterhouseCoopers LLP a letter, in form and substance satisfactory to the
Initial Purchasers, addressed to the Initial Purchasers and dated the date
hereof (A) confirming that they are independent public accountants within the
meaning of the Securities Act and are in compliance with the applicable
requirements relating to the qualification of accountants under Rule 2-01 of
Regulation S-X of the Commission, (B) stating, as of the date hereof (or, with
respect to matters involving changes or developments since the respective dates
as of which specified financial information is given in the Pricing Disclosure
Package, as of a date not more than three days prior to the date hereof), the
conclusions and findings of such firm with respect to the financial information
and (C) covering such other matters as are ordinarily covered by accountants’ “comfort
letters” to underwriters in connection with registered public offerings and
(ii) the Initial Purchasers shall have received from KPMG Bohlins AB a letter,
in form and substance satisfactory to the Initial Purchasers, addressed to the
Initial Purchasers and dated the date hereof.

(h)           With respect to the letter of
PricewaterhouseCoopers LLP referred to in the preceding paragraph and delivered
to the Initial Purchasers concurrently with the execution of this Agreement
(the “initial letter”), the
Company shall have furnished to the Initial Purchasers a letter (the “bring-down letter”) of such accountants,
addressed to the Initial Purchasers and dated the Firm Closing Date (i)
confirming that they are independent public accountants within the meaning of
the Securities Act and are in compliance with the applicable requirements
relating to the qualification of accountants under Rule 2-01 of Regulation S-X
of the Commission, (ii) stating, as of the Firm Closing Date (or, with respect
to matters involving changes or developments since the respective dates as of
which specified financial information is given in each of the Pricing
Disclosure Package or the Offering Memorandum, as of a date not more than three
days prior to the date of the Firm Closing Date), the conclusions and findings
of such firm with respect to the financial information and other matters
covered by the initial letter and (iii) confirming in all material respects the
conclusions and findings set forth in the initial letter.

(i)            Except as described in the Pricing
Disclosure Package, (i) neither the Company nor any of its subsidiaries shall
have sustained, since the date of the latest audited financial statements
included in the Pricing Disclosure Package, any loss or interference with its
business from fire, explosion, flood or other calamity, whether or not covered
by insurance, or from any labor dispute or court or governmental action, order
or decree or (ii) since such date, there shall not have been any change in the
capital stock or long-term debt of the Company or any of its subsidiaries or
any change, or any development involving a prospective change, in or affecting
the condition (financial or otherwise), results of operations, stockholders’
equity, properties, management, business or prospects of the Company and its
subsidiaries, taken as a

 22
 

whole, the effect of which, in any such case described
in clause (i) or (ii), is, individually or in the aggregate, in the judgment of
the Representative, so material and adverse as to make it impracticable or
inadvisable to proceed with the offering or the delivery of the Securities
being delivered on the Closing Date on the terms and in the manner contemplated
in the Offering Memorandum.

(j)            The Company shall have furnished or
caused to be furnished to the Initial Purchasers on the Firm Closing Date
certificates of officers of the Company satisfactory to the Initial Purchasers
as to such matters as the Representative may reasonably request, including,
without limitation, a statement that:

(i)            The representations, warranties and
agreements of the Company in Section 2 are true and correct on and as of the
Firm Closing Date, and the Company has complied with all its agreements
contained herein and satisfied all the conditions on its part to be performed
or satisfied hereunder at or prior to the Firm Closing Date; and

(ii)           They have carefully examined the
Pricing Disclosure Package and the Offering Memorandum, and, in their opinion,
(A) the Pricing Disclosure Package, as of the Applicable Time and as of the
Firm Closing Date, and the Offering Memorandum, as of its date and as of the
Firm Closing Date, did not and do not contain any untrue statement of a
material fact and did not and do not omit to state a material fact necessary to
make the statements therein, in the light of the circumstances under which they
were made, not misleading and (B) since the date of the Pricing Disclosure
Package and the Offering Memorandum, no event has occurred which should have
been set forth in a supplement or amendment to the Pricing Disclosure Package
of the Offering Memorandum.

(k)           The Securities shall have been
designated for trading on the PORTAL MarketSM.

(l)            The Company shall have executed and
delivered the Registration Rights Agreement, and the Initial Purchasers shall
have received an original copy thereof, duly executed by the Company.

(m)          The Company and the Trustee shall have
executed and delivered the Indenture, and the Initial Purchasers shall have
received an original copy thereof, duly executed by the Company and the
Trustee.

(n)           The Company shall have executed and
delivered each of the Hedging Agreements, and the Initial Purchasers shall have
received original copies thereof, duly executed by the Company.

(o)           Subsequent to the execution and
delivery of this Agreement there shall not have occurred any of the
following:  (i) trading in securities
generally on the New York Stock Exchange, the Nasdaq Stock Market or the American
Stock Exchange or in the over-the-counter market, or trading in any securities
of the Company on any exchange or in the over-the-counter market, shall have
been suspended or materially limited or the settlement of such trading
generally shall have been materially disrupted or minimum prices shall have
been established on

 23
 

any such exchange or such market by the Commission, by
such exchange or by any other regulatory body or governmental authority having
jurisdiction, (ii) a banking moratorium shall have been declared by federal or
state authorities, (iii) the United States shall have become engaged in
hostilities, there shall have been an escalation in hostilities involving the
United States or there shall have been a declaration of a national emergency or
war by the United States or (iv) there shall have occurred such a material
adverse change in general economic, political or financial conditions,
including, without limitation, as a result of terrorist activities after the
date hereof (or the effect of international conditions on the financial markets
in the United States shall be such), as to make it, in the judgment of the
Representative, impracticable or inadvisable to proceed with the offering or
delivery of the Securities being delivered on the Closing Date on the terms and
in the manner contemplated in the Offering Memorandum or that, in the judgment
of the Representative, would materially and adversely affect the financial
markets or the markets for the Securities and other debt securities.

All opinions, letters,
evidence and certificates mentioned above or elsewhere in this Agreement shall
be deemed to be in compliance with the provisions hereof only if they are in
form and substance reasonably satisfactory to counsel for the Initial
Purchasers.

The several obligations
of the Initial Purchasers to purchase Option Securities hereunder are subject
to the delivery to the Representative on the applicable Option Closing Date of
such documents as the Representative may reasonably request with respect to the
good standing of the Company, the due authorization and issuance of the Option
Securities to be sold on such Option Closing Date and other matters related to
the issuance of such Option Securities.

8.                                       Indemnification and Contribution.

(a)           The Company hereby agrees to indemnify
and hold harmless each Initial Purchaser, its directors, officers and employees
and each person, if any, who controls any Initial Purchaser within the meaning
of Section 15 of the Securities Act or Section 20 of the Exchange Act, from and
against any loss, claim, damage or liability, joint or several, or any action
in respect thereof (including, but not limited to, any loss, claim, damage,
liability or action relating to purchases and sales of the Securities), to
which that Initial Purchaser, director, officer, employee or controlling person
may become subject, under the Securities Act, the Exchange Act or otherwise,
insofar as such loss, claim, damage, liability or action arises out of, or is
based upon, (i) any untrue statement or alleged untrue statement of a material
fact contained (A) in any Free Writing Offering Document, the Preliminary
Offering Memorandum, the Pricing Disclosure Package or the Offering Memorandum
or in any amendment or supplement thereto, (B) in any Blue Sky application or
other document prepared or executed by the Company (or based upon any written
information furnished by the Company) specifically for the purpose of
qualifying any or all of the Securities under the securities laws of any state
or other jurisdiction (any such application, document or information being
hereinafter called a “Blue Sky Application”)
or (C) in any materials or information provided to investors by, or with the
approval of, the Company in connection with the marketing of the offering of
the Securities (“Marketing Materials”),
including any roadshow or investor presentations made to investors by the
Company (whether in person or electronically), or (ii) the omission or alleged
omission to state in any Free Writing Offering Document, the Preliminary
Offering Memorandum, the Pricing Disclosure Package or the Offering Memorandum,
or in any amendment or supplement thereto, or in any Blue Sky

 24
 

Application or in any Marketing Materials, any
material fact necessary in order to make the statements therein, in the light
of the circumstances under which they were made, not misleading, and shall
reimburse each Initial Purchaser and each such director, officer, employee or
controlling person promptly upon demand for any legal or other expenses
reasonably incurred by that Initial Purchaser, director, officer, employee or
controlling person in connection with investigating or defending or preparing
to defend against any such loss, claim, damage, liability or action as such
expenses are incurred; provided,
that the Company shall not be liable in any such case to the extent that any
such loss, claim, damage, liability or action arises out of, or is based upon,
any untrue statement or alleged untrue statement or omission or alleged
omission made in any Preliminary Offering Memorandum, the Pricing Disclosure
Package or Offering Memorandum, or in any such amendment or supplement thereto,
or in any Blue Sky Application or in any Marketing Materials, in reliance upon
and in conformity with written information concerning such Initial Purchaser furnished
to the Company through the Representative by or on behalf of any Initial
Purchaser specifically for inclusion therein, which information consists solely
of the information specified in Section 8(e). 
The foregoing indemnity agreement is in addition to any liability that
the Company may otherwise have to any Initial Purchaser or to any director,
officer, employee or controlling person of that Initial Purchaser.

(b)           Each Initial Purchaser, severally and
not jointly, hereby agrees to indemnify and hold harmless the Company, its
officers and employees, each of its directors, and each person, if any, who
controls the Company within the meaning of Section 15 of the Securities Act or
Section 20 of the Exchange Act, from and against any loss, claim, damage or
liability, joint or several, or any action in respect thereof, to which the
Company or any such director, officer, employee or controlling person may
become subject, under the Securities Act, the Exchange Act or otherwise,
insofar as such loss, claim, damage, liability or action arises out of, or is
based upon, (i) any untrue statement or alleged untrue statement of a material
fact contained (A) in any Free Writing Offering Document, Preliminary Offering
Memorandum, the Pricing Disclosure Package or the Offering Memorandum or in any
amendment or supplement thereto, (B) in any Blue Sky Application, or (C) in any
Marketing Materials or (ii) the omission or alleged omission to state in any
Free Writing Offering Document, Preliminary Offering Memorandum, the Pricing
Disclosure Package or the Offering Memorandum, or in any amendment or
supplement thereto, or in any Blue Sky Application or in any Marketing
Materials any material fact necessary to make the statements therein not
misleading, but in each case only to the extent that the untrue statement or
alleged untrue statement or omission or alleged omission was made in reliance
upon and in conformity with written information concerning such Initial
Purchaser furnished to the Company through the Representative by or on behalf
of that Initial Purchaser specifically for inclusion therein, which information
is limited to the information set forth in Section 8(e).  The foregoing indemnity agreement is in
addition to any liability that any Initial Purchaser may otherwise have to the
Company or any such director, officer, employee or controlling person.

(c)           Promptly after receipt by an
indemnified party under this Section 8 of notice of any claim or the
commencement of any action, the indemnified party shall, if a claim in respect
thereof is to be made against the indemnifying party under this Section 8,
notify the indemnifying party in writing of the claim or the commencement of
that action; provided, that the
failure to notify the indemnifying party shall not relieve it from any
liability that it may have under this Section 8 except to the extent it has
been materially prejudiced by such failure and;

 25
 

provided, further, that the failure to notify the
indemnifying party shall not relieve it from any liability that it may have to
an indemnified party otherwise than under this Section 8.  If any such claim or action shall be brought
against an indemnified party, and it shall notify the indemnifying party
thereof, the indemnifying party shall be entitled to participate therein and,
to the extent that it wishes, jointly with any other similarly notified
indemnifying party, to assume the defense thereof with counsel reasonably
satisfactory to the indemnified party. 
After notice from the indemnifying party to the indemnified party of its
election to assume the defense of such claim or action, the indemnifying party
shall not be liable to the indemnified party under this Section 8 for any legal
or other expenses subsequently incurred by the indemnified party in connection
with the defense thereof other than reasonable costs of investigation; provided, that the Initial Purchasers
shall have the right to employ counsel to represent jointly the Initial
Purchasers and their respective directors, officers, employees and controlling
persons who may be subject to liability arising out of any claim in respect of
which indemnity may be sought by the Initial Purchasers against the Company
under this Section 8, if (i) the Company and the Initial Purchasers shall have
so mutually agreed; (ii) the Company has failed within a reasonable time to
retain counsel reasonably satisfactory to the Initial Purchasers; (iii) the
Initial Purchasers and their respective directors, officers, employees and
controlling persons shall have reasonably concluded, based on the advice of
counsel, that there may be legal defenses available to them that are different
from or in addition to those available to the Company; or (iv) the named
parties in any such proceeding (including any impleaded parties) include both the
Initial Purchasers or their respective directors, officers, employees or
controlling persons, on the one hand, and the Company, on the other hand, and
representation of both sets of parties by the same counsel would present a
conflict due to actual or potential differing interests between them, and in
any such event the fees and expenses of such separate counsel shall be paid by
the Company.  No indemnifying party shall
(i) without the prior written consent of the indemnified parties (which consent
shall not be unreasonably withheld), settle or compromise or consent to the
entry of any judgment with respect to any pending or threatened claim, action,
suit or proceeding in respect of which indemnification or contribution may be
sought hereunder (whether or not the indemnified parties are actual or
potential parties to such claim or action) unless such settlement, compromise
or consent includes an unconditional release of each indemnified party from all
liability arising out of such claim, action, suit or proceeding, or (ii) be
liable for any settlement of any such action effected without its written
consent (which consent shall not be unreasonably withheld), but if settled with
the consent of the indemnifying party or if there be a final judgment of the
plaintiff in any such action, the indemnifying party agrees to indemnify and
hold harmless any indemnified party from and against any loss or liability by
reason of such settlement or judgment.

(d)           If the indemnification provided for in
this Section 8 shall for any reason be unavailable to or insufficient to hold
harmless an indemnified party under Section 8(a) or 8(b) in respect of any
loss, claim, damage or liability, or any action in respect thereof, referred to
therein, then each indemnifying party shall, in lieu of indemnifying such
indemnified party, contribute to the amount paid or payable by such indemnified
party as a result of such loss, claim, damage or liability, or action in
respect thereof, (i) in such proportion as shall be appropriate to reflect the
relative benefits received by the Company, on the one hand, and the Initial
Purchasers, on the other, from the offering of the Securities or (ii) if the
allocation provided by clause (i) above is not permitted by applicable law, in
such proportion as is appropriate to reflect not only the relative benefits
referred to in clause (i) above but also the

 26
 

relative fault of the Company, on the one hand, and
the Initial Purchasers, on the other, with respect to the statements or
omissions that resulted in such loss, claim, damage or liability, or action in
respect thereof, as well as any other relevant equitable considerations.  The relative benefits received by the
Company, on the one hand, and the Initial Purchasers, on the other, with
respect to such offering shall be deemed to be in the same proportion as the
total net proceeds from the offering of the Securities purchased under this
Agreement (before deducting expenses) received by the Company, on the one hand,
and the total underwriting discounts and commissions received by the Initial
Purchasers with respect to the Securities purchased under this Agreement, on
the other hand, bear to the total gross proceeds from the offering of the
Securities under this Agreement as set forth on the cover page of the Offering
Memorandum.  The relative fault shall be
determined by reference to whether the untrue or alleged untrue statement of a
material fact or omission or alleged omission to state a material fact relates
to information supplied by the Company, or the Initial Purchasers, the intent
of the parties and their relative knowledge, access to information and
opportunity to correct or prevent such statement or omission.  The Company and the Initial Purchasers agree
that it would not be just and equitable if contributions pursuant to this
Section 8(d) were to be determined by pro rata allocation (even if the Initial
Purchasers were treated as one entity for such purpose) or by any other method
of allocation that does not take into account the equitable considerations
referred to herein.  The amount paid or
payable by an indemnified party as a result of the loss, claim, damage or
liability, or action in respect thereof, referred to above in this Section 8(d)
shall be deemed to include, for purposes of this Section 8(d), any legal or
other expenses reasonably incurred by such indemnified party in connection with
investigating or defending any such action or claim.  Notwithstanding the provisions of this
Section 8(d), no Initial Purchaser shall be required to contribute any amount
in excess of the amount by which the net proceeds from the sale to Eligible
Purchasers of the Securities initially purchased by it exceeds the amount of
any damages that such Initial Purchaser has otherwise paid or become liable to
pay by reason of any untrue or alleged untrue statement or omission or alleged
omission.  No person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities Act)
shall be entitled to contribution from any person who was not guilty of such
fraudulent misrepresentation.  The
Initial Purchasers’ obligations to contribute as provided in this Section 8(d)
are several in proportion to their respective underwriting obligations and not
joint.

(e)           The Initial Purchasers severally
confirm and the Company acknowledges and agrees that the statements with
respect to the offering of the Securities by the Initial Purchasers set forth
(i) in the last paragraph on the front cover of the Offering Memorandum
regarding delivery of the Securities and (ii) in the third paragraph under the
caption “Plan of Distribution” in the Pricing Disclosure Package and the
Offering Memorandum regarding the offering price are correct and constitute the
only information concerning such Initial Purchasers furnished in writing to the
Company by or on behalf of the Initial Purchasers specifically for inclusion in
the Preliminary Offering Memorandum, the Pricing Disclosure Package and the
Offering Memorandum or in any amendment or supplement thereto.

9.             Defaulting
Initial Purchasers.  If on the
Firm Closing Date, or on an Option Closing Date, as the case may be, any
Initial Purchaser defaults in the performance of its obligations under this
Agreement, the remaining non-defaulting Initial Purchasers shall be obligated
to purchase the Securities that the defaulting Initial Purchaser agreed but
failed to purchase on the Firm Closing Date or the Option Closing Date, as the
case may be, in the

 27
 

respective proportions that the principal amount of
Securities set opposite the name of each remaining non-defaulting Initial
Purchaser in Schedule I hereto bears to the total principal amount of
Securities set opposite the names of all the remaining non-defaulting Initial
Purchasers in Schedule I hereto; provided,
that the remaining non-defaulting Initial Purchasers shall not be obligated to
purchase any of the Securities on the Firm Closing Date or the Option Closing
Date, as the case may be, if the aggregate principal amount of Securities that
the defaulting Initial Purchaser or Initial Purchasers agreed but failed to
purchase on such date exceeds 9.09% of the aggregate principal amount of
Securities to be purchased on the Firm Closing Date, or on the Option Closing
Date, as the case may be, and any remaining non-defaulting Initial Purchasers
shall not be obligated to purchase more than 110% of the aggregate principal
amount of Securities that it agreed to purchase on the Firm Closing Date, or on
the Option Closing Date, as the case may be, pursuant to the terms of Section
3.  If the foregoing maximums are
exceeded, the remaining non-defaulting Initial Purchasers, or those other
Initial Purchasers satisfactory to the Initial Purchasers who so agree, shall
have the right, but shall not be obligated, to purchase, in such proportion as
may be agreed upon among them, all the Securities to be purchased on the Firm
Closing Date, or on the Option Closing Date, as the case may be.

If other Initial
Purchasers are obligated or agree to purchase the Securities of a defaulting or
withdrawing Initial Purchaser, either the remaining Initial Purchasers or the
Company may postpone the Firm Closing Date or the Option Closing Date, as the
case may be, for up to seven full business days in order to effect any changes
that in the opinion of counsel for the Company or counsel for the Initial
Purchasers may be necessary in the Pricing Disclosure Package, the Offering
Memorandum or in any other document or arrangement.

If the remaining
Initial Purchasers or other Initial Purchasers satisfactory to the Initial
Purchasers do not elect to purchase:  (a)
the Firm Securities that the defaulting Initial Purchaser or Initial Purchasers
agreed but failed to purchase on the Firm Closing Date, this Agreement shall
terminate without liability on the part of any non-defaulting Initial Purchaser
or the Company; or (b) the Option Securities that the defaulting Initial
Purchaser or Initial Purchasers agreed but failed to purchase on the Option
Closing Date, the non-defaulting Initial Purchasers shall have, the option to
either: (i) terminate their obligation hereunder to purchase the Option
Securities to be sold on such Option Closing Date; or (ii) purchase not less
than the principal amount of Option Securities that such non-defaulting Initial
Purchaser would have been obligated to purchase in the absence of such default.

As used in this
Agreement, the term “Initial Purchaser” includes, for all purposes of this
Agreement unless the context requires otherwise, any party not listed in
Schedule I hereto that, pursuant to this Section 9, purchases Securities that a
defaulting Initial Purchaser agreed but failed to purchase.

Nothing contained herein
shall relieve: (a) a defaulting Initial Purchaser of any liability it may have
to the Company for damages caused by its default; or (b) the Company of any
liability for the payment of expenses to the extent set forth in Sections 6 and
11.

10.           Termination.  The obligations of the Initial Purchasers
hereunder may be terminated by the Initial Purchasers by notice given to and
received by the Company prior to

 28
 

delivery of and payment for the Securities if, prior
to that time, any of the events described in Sections 7(i) or 7(o) shall have
occurred or if the Initial Purchasers shall decline to purchase the Securities
for any reason permitted under this Agreement.

11.           Reimbursement
of Initial Purchasers’ Expenses. 
If (a) the Company fails to tender the Securities for delivery to the
Initial Purchasers or (b) the Initial Purchasers shall decline to purchase the
Securities for any reason permitted under this Agreement, the Company shall
reimburse the Initial Purchasers for all reasonable out-of-pocket expenses
(including fees and disbursements of counsel) incurred by the Initial
Purchasers in connection with this Agreement and the proposed purchase of the Securities,
and upon demand the Company shall pay the full amount thereof to the Initial
Purchasers.

12.           Notices,
etc.  All statements,
requests, notices and agreements hereunder shall be in writing, and:

(a)           if to any Initial Purchaser, shall be
delivered or sent by hand delivery, mail, telex, overnight courier or facsimile
transmission to Lehman Brothers Inc., 745 Seventh Avenue, New York, New York
10019, Attention: Syndicate Registration (Fax: 646-834-8133) with a copy to
Cleary Gottlieb Steen & Hamilton LLP, One Liberty Plaza, New York, New York
10006, Attention: Leslie N. Silverman, Esq. (Fax: 212-225-3999), and with a
copy, in the case of any notice pursuant to Section 8(c), to the Director of
Litigation, Office of the General Counsel, Lehman Brothers Inc., 399 Park
Avenue, 10th Floor, New York, New York 10022 (Fax:
212-520-0421);

(b)           if to the Company, shall be delivered
or sent by mail, telex, overnight courier or facsimile transmission to Lawson
Software, Inc., 380 St. Peter Street, St. Paul, Minnesota 55102, Attention:
Bruce McPheeters, Esq. (Fax: 651-767-4940), with copies to Simpson Thacher
& Bartlett LLP, 425 Lexington Avenue, New York, New York 10017, Attention:
Roxane F. Reardon, Esq. (Fax: 212-455-2502) and Dorsey & Whitney LLP, 50 South
Sixth Street, Suite 1500, Minneapolis, Minnesota, Attention: Jonathan Abram
(Fax: 612-340-8738).

provided, that any
notice to an Initial Purchaser pursuant to Section 8(c) shall be delivered or
sent by hand delivery, mail, telex or facsimile transmission to such Initial
Purchaser at its address set forth in its acceptance telex to Lehman Brothers
Inc., which address will be supplied to any other party hereto by Lehman
Brothers Inc. upon request.  Any such
statements, requests, notices or agreements shall take effect at the time of
receipt thereof.  The Company shall be
entitled to act and rely upon any request, consent, notice or agreement given
or made on behalf of the Initial Purchasers by Lehman Brothers Inc.

13.           Persons
Entitled to Benefit of Agreement. 
This Agreement shall inure to the benefit of and be binding upon the
Initial Purchasers, the Company, and their respective successors.  This Agreement and the terms and provisions
hereof are for the sole benefit of only those persons, except that the representations,
warranties, indemnities and agreements of the Company contained in this
Agreement shall also be deemed to be for the benefit of directors, officers and
employees of the Initial Purchasers and each person or persons, if any,
controlling any Initial Purchaser within the meaning of Section 15 of the
Securities Act or Section 20 of the

 29
 

Exchange Act. 
Nothing in this Agreement is intended or shall be construed to give any
person, other than the persons referred to in this Section 13, any legal or
equitable right, remedy or claim under or in respect of this Agreement or any
provision contained herein.

14.           Survival.  The respective indemnities, representations,
warranties and agreements of the Company and the Initial Purchasers contained
in this Agreement or made by or on behalf on them, respectively, pursuant to
this Agreement, shall survive the delivery of and payment for the Securities
and shall remain in full force and effect, regardless of any investigation made
by or on behalf of any of them or any person controlling any of them.

15.           Definition
of the Terms “Business Day,” “Affiliate” and “Subsidiary.”  For purposes of this Agreement, (a) “business
day” means any day on which the Nasdaq Stock Market, Inc. is open for trading
and (b) “affiliate” and “subsidiary” have the meanings set forth in Rule 405
under the Securities Act.

16.           Governing
Law.  This Agreement shall be governed by and construed in
accordance with the laws of New York.

17.           No
Fiduciary Duty.  The Company
acknowledges and agrees that in connection with this offering, or any other
services the Initial Purchasers may be deemed to be providing hereunder,
notwithstanding any preexisting relationship, advisory or otherwise, between
the parties or any oral representations or assurances previously or
subsequently made by the Initial Purchasers: (i) no fiduciary or agency
relationship between the Company, and any other person, on the one hand, and
the Initial Purchasers, on the other, exists; (ii) the Initial Purchasers are
not acting as advisors, experts or otherwise, to the Company, including,
without limitation, with respect to the determination of the purchase price of
the Securities, and such relationship between the Company and the Initial
Purchasers is entirely and solely commercial, based on arms-length
negotiations; (iii) any duties and obligations that the Initial Purchasers may
have to the Company shall be limited to those duties and obligations
specifically stated herein; and (iv) the Initial Purchasers and their
respective affiliates may have interests that differ from those of the
Company.  The Company hereby waives any
claims that the Company may have against the Initial Purchasers with respect to
any breach of fiduciary duty in connection with the Securities.

18.           Research
Independence.  The Company
acknowledges that the Initial Purchasers’ research analysts and research
departments are required to be independent from their respective investment
banking divisions and are subject to certain regulations and internal policies,
and that such Initial Purchasers’ research analysts may hold and make
statements or investment recommendations and/or publish research reports with
respect to the offering that differ from the views of their respective
investment bankers.  The Company hereby
waives and releases, to the fullest extent permitted by law, any claims that
the Company may have against the Initial Purchasers with respect to any
conflict of interest that may arise from the fact that the views expressed by
its independent research analysts and research departments may be different
from or inconsistent with the views or advice communicated to the Company by
such Initial Purchasers’ investment banking divisions.  The Company acknowledges that each of the
Initial Purchasers is a full service securities firm and as such from time to
time, subject to applicable securities laws, may effect transactions for its
own account or the account of its customers and

 30
 

hold long or short positions in debt or equity
securities of the companies which may be the subject of the transactions
contemplated by this Agreement.

19.           Counterparts.  This Agreement may be executed in one or more
counterparts and, if executed in more than one counterpart, the executed
counterparts shall each be deemed to be an original but all such counterparts
shall together constitute one and the same instrument.

20.           Amendments.  No amendment or waiver of any provision of
this Agreement, nor any consent or approval to any departure therefrom, shall
in any event be effective unless the same shall be in writing and signed by the
parties hereto.

21.           Headings.  The headings herein are inserted for
convenience of reference only and are not intended to be part of, or to affect
the meaning or interpretation of, this Agreement.

[Signature page follows.]

 31
 

If the foregoing correctly sets forth the agreement
between the Company and the Initial Purchasers, please indicate your acceptance
in the space provided for that purpose below.

	
  

  	
  Very truly yours,

  
	
   

  	
   

  
	
   

  	
  LAWSON SOFTWARE, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
  /s/ Robert A. Schriesheim

  	
   

  
	
   

  	
   

  	
  Name: Robert A. Schriesheim

  
	
   

  	
   

  	
  Title:   EVP
  & CFO

  
	
   

  	
   

  	
   

  
	
  Accepted:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  LEHMAN BROTHERS
  INC.

  	
   

  
	
  CITIGROUP GLOBAL
  MARKETS INC.

  	
   

  
	
   

  	
   

  
	
  By LEHMAN BROTHERS INC., as Authorized
  Representative

  
	
   

  	
   

  
	
   

  	
   

  
	
  By

  	
  /s/ Michael Katz

  	
   

  
	
   

  	
  Name: Michael
  Katz

  	
   

  
	
   

  	
  Title:   Managing Director

  	
   

  

 

 32

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