Document:

Employee Benefits Agreement

 EXHIBIT 10.4 
  
 EMPLOYEE BENEFITS AGREEMENT 
  

BY AND BETWEEN 
  
 RADIANT SYSTEMS, INC. 
  
 AND 
  
 WAVE ENTERPRISE SYSTEMS, INC. 
  
 Dated as of                     , 2003 
  

 EMPLOYEE BENEFITS AGREEMENT 
  
 TABLE OF CONTENTS 
  

	 	  	Page

	 Article 1
	 	 Definitions and References
	  	1
	 	  	1.1	 	 Definitions
	  	1
	 	  	1.2	 	 References
	  	4
			
	 Article 2
	 	 General Principles
	  	4
	 	  	2.1	 	 Assumption of Liabilities
	  	4
	 	  	2.2	 	 Enterprise Continuing Participation In Radiant Health and Welfare Plans
	  	5
	 	  	2.3	 	 Establishment of the Enterprise Mirror Plans
	  	7
	 	  	2.4	 	 Terms of Participation by Transferred Individuals
	  	8
			
	 Article 3
	 	 Health and Welfare Plans
	  	8
	 	  	3.1	 	 COBRA and HIPAA
	  	8
	 	  	3.2	 	 Leave of Absence Programs
	  	8
	 	  	3.3	 	 Coverage Under Plans
	  	8
			
	 Article 4
	 	 Miscellaneous Employee Benefits
	  	9
	 	  	4.1	 	 Stock Options
	  	9
	 	  	4.2	 	 Employee Stock Purchase Plan
	  	10
	 	  	4.3	 	 Bonuses
	  	10
	 	  	4.4	 	 Paid Time Off
	  	10
	 	  	4.5	 	 Severance/Separation Pay
	  	11
	 	  	4.6	 	 Immigration Matters
	  	11
	 	  	4.7	 	 Enterprise 401(k) Plan
	  	11
			
	 Article 5
	 	 General
	  	11
	 	  	5.1	 	 Sharing of Participant Information and Access to Information
	  	11
	 	  	5.2	 	 Reporting and Disclosure and Communications to Participants
	  	12
	 	  	5.3	 	 Plan Audits
	  	12
	 	  	5.4	 	 Requests for Internal Revenue Service Rulings and United States Department of Labor Opinions
	  	13
	 	  	5.5	 	 Fiduciary and Related Matters
	  	13
	 	  	5.6	 	 No Third-Party Beneficiaries; Non-Termination of Employment
	  	14
	 	  	5.7	 	 Consent of Third Parties
	  	14
	 	  	5.8	 	 Effect if Separation Does Not Occur
	  	14
	 	  	5.9	 	 Relationship of Parties
	  	14
	 	  	5.10	 	 Dispute Resolution
	  	15
	 	  	5.11	 	 Indemnification
	  	15
	 	  	5.12	 	 W-2 Matters
	  	15
	 	  	5.13	 	 Confidentiality
	  	15
	 	  	5.14	 	 Notices
	  	16
	 	  	 5.15
	 	 Interpretation
	  	17

  

 i 

	 	 	 5.16
	 	 Severability
	  	17
	 	 	 5.17
	 	 Governing Law/Execution
	  	17

  

	 Appendix A
	 	 Enterprise Mirror Plans

	 Appendix B
	 	 Radiant Health and Welfare Plans

	 Appendix C
	 	 Form of Certification Regarding Enterprise 401(K) Plan

  

 ii 

 EMPLOYEE BENEFITS AGREEMENT 
  
 This EMPLOYEE BENEFITS AGREEMENT, dated as of the          day of
                    , 2003, is by and between Radiant Systems, Inc., a Georgia corporation (“Radiant”), and Wave Enterprise Systems,
Inc., a Georgia corporation (“Enterprise”). 
  
 WHEREAS,
Radiant and Enterprise have entered into a Separation Agreement, dated as of                         , 2003 (the
“Separation Agreement”) pursuant to which Radiant will contribute to Enterprise certain assets of Radiant and Enterprise will assume certain liabilities of Radiant as particularly described in the Separation Agreement; and 
  
 WHEREAS, pursuant to the Separation Agreement, Radiant and Enterprise have
agreed to enter into this Agreement for the purpose of allocating assets, liabilities, and responsibilities with respect to certain employee compensation and benefit plans and programs between them. 
  
 NOW, THEREFORE, in consideration of the mutual promises contained herein and
in the Separation Agreement, the parties agree as follows: 
  
 Article 1 Definitions and References 
  

	 	1.1	Definitions 

  
 For purposes of this Agreement, capitalized terms used (other than the formal names of Radiant Plans (as defined below)) and not otherwise defined shall
have the respective meanings assigned to them below or as assigned to them in the Separation Agreement (as defined above): 
  
 (a) “Action” means any demand, action, suit, countersuit, arbitration, inquiry, proceeding or investigation by or before
any Governmental Authority or any arbitration or mediation tribunal. 
  
 (b) “Agreement” means this Employee Benefits Agreement, including all the attached Appendices. 
  
 (c) “Benefit Transition Period” means the period beginning Immediately after the Closing Date until 11:59 P.M., Eastern
Time, May 31, 2004, unless the parties mutually agree otherwise. 
  
 (d) “Closing Date” has the meaning ascribed to such term in the Separation Agreement. 
  
 (e) “Code” means the Internal Revenue Code of 1986, as amended, or any successor federal income tax law. Reference to a
specific Code provision also includes any temporary or final regulation in force under that provision. 
  
 (f) “ERISA” means the Employee Retirement Income Security Act of 1974, as amended. Reference to a specific provision of
ERISA also includes any temporary or final regulation in force under that provision. 
  
 (g) “Enterprise Business” has the meaning given that term under the Separation Agreement. 
  

 (h) “Enterprise Employee” means an employee, director, officer,
consultant, independent contractor, contingent worker or leased employee who is employed by or provides services to Enterprise or any Subsidiary of Enterprise. 
  

(i) “Enterprise Mirror Plan” means any of the Plans to be established by Enterprise Immediately after the Closing Date
as set forth on Appendix A hereto, which Plan shall provide benefits in the aggregate comparable to the benefits provided by the corresponding Radiant Plan. 
  
 (j) “Governmental Authority” means any federal, state, local, foreign, or international court, government, department,
commission, board, bureau, agency, official, or other regulatory, administrative, or governmental authority, including the Department of Labor, the Securities and Exchange Commission, the Internal Revenue Service, and the Pension Benefit Guaranty
Corporation. 
  
 (k) “Health and Welfare
Plans,” when immediately preceded by “Radiant” means the health and welfare benefit plans, programs, and policies (including the Reimbursement Plans) which are sponsored by Radiant, including those plans, programs and policies set
forth in Appendix B which are sponsored by Radiant as of the Closing Date and in which Enterprise will be a Participating Company through the Benefit Transition Period. When immediately preceded by “Enterprise,” “Health and Welfare
Plans” means any benefit plans, programs, and policies (including the Reimbursement Plans) to be established by Enterprise Immediately after the Closing Date or after the end of the Benefit Transition Period. 
  
 (l) “HMO” means a health maintenance
organization that provides benefits under the Radiant Health and Welfare Plans or the Enterprise Health and Welfare Plans, as applicable. 
  
 (m) “HMO Agreements” means contracts, letter agreements, practices, and understandings with HMOs that provide medical,
dental, prescription drug, or vision services under the Radiant Health and Welfare Plans and the Enterprise Health and Welfare Plans, as applicable. 
  
 (n) “Immediately after the Closing Date” means 12:00 A.M., Eastern Time, on the day after the Closing Date. 

 
 (o) “Law” means all laws, statutes and
ordinances and all regulations, rules and other pronouncements of Governmental Authorities having the effect of law of the United States, any foreign country, or any domestic or foreign state, province, commonwealth, city, country, municipality,
territory, protectorate, possession or similar instrumentality, or any Governmental Authority thereof. 
  
 (p) “Liabilities” means any and all debts, liabilities, obligations, responsibilities, response actions, losses, claims,
charges, demands, causes of actions, payments, costs and expenses, sums of money, accounts, reckonings, bonds, specialties, indemnities and similar obligations, exoneration, covenants, contracts, damages (whether compensatory, punitive or treble),
fines, penalties and sanctions, controversies, agreements, promises, doings, omissions, variances, guarantees, make whole agreements and similar obligations, and other liabilities and requirements, all contractual obligations, 

  

 2 

 
absolute or contingent, matured or unmatured, liquidated or unliquidated, foreseen or unforeseen, joint, several or individual, asserted or unasserted,
accrued or unaccrued, known or unknown, whenever arising, including those arising under or in connection with any Law, Action, threatened Action, order or consent decree of any Governmental Authority, or any award of any arbitration tribunal, and
those arising under any contract, guarantee, commitment or undertaking, whether sought to be imposed by a Governmental Authority, private party, or party to this Agreement, whether based in contract, tort, implied or express warranty, strict
liability, criminal or civil statute, or otherwise, and including any costs, expenses, interest, attorneys’ fees, disbursements and expenses of counsel, expert and consulting fees and costs related thereto or to the investigation or defense
thereof, in each case, whether or not recorded or reflected or required to be recorded or reflected on the books and records or financial statements of any Person. 
  
 (q) “Participating Company” means any Person (other than an individual) that is a
participating employer in a Radiant Plan. 
  
 (r)
“Person” means any natural person, corporation, business trust, limited liability company, joint venture, association, company, partnership or government, or any agency or political subdivision thereof. 
  
 (s) “Plan,” when immediately preceded by
“Radiant,” means any plan, policy, program, payroll practice (including short-term disability, paid time off and all other leave policies), on-going arrangement, contract, trust, insurance policy, or other agreement or funding vehicle,
whether written or unwritten, providing benefits to employees or former employees of Radiant or, for periods before the close of the Benefit Transition Period, providing benefits to employees or former employees of Enterprise. When immediately
preceded by “Enterprise,” means any plan, policy, program, payroll practice (including short-term disability, paid time off and all other leave policies), on-going arrangement, contract, trust, insurance policy, or other agreement or
funding vehicle, whether written or unwritten, providing benefits to employees or former employees of Enterprise. 
  
 (t) “Reimbursement Plans,” when immediately preceded by “Radiant,” means the Radiant Systems Flexible Benefit
Plans. When immediately preceded by “Enterprise,” “Reimbursement Plans” means the health care flexible spending account plan and the dependent care flexible spending account plan to be established or maintained by Enterprise as
of the Closing Date pursuant to Section 2.3 that corresponds to the corresponding Radiant Reimbursement Plans. 
  
 (u) “Separation” has the meaning given that term under the Separation Agreement. 
  
 (v) “Separation Agreement” is defined in
the preamble of this Agreement. 
  
 (w)
“Subsidiary” shall mean with respect to any specified Person, any corporation or other legal entity of which such Person or any of its Subsidiaries controls or owns, directly or indirectly, more than 50% of the stock or other equity
interest entitled to vote on the election of members to the board of directors or similar governing body. 
  

 3 

 (x) “Transferred Individual” means any individual who: 
  
 (i) is actively employed by, or on a leave of absence
(including, but not limited to, a leave due to short-term disability and leave pursuant to the Family and Medical Leave Act of 1993, as amended) from, Radiant in the Enterprise Business as of the Closing Date and, Immediately after the Closing Date,
will be actively employed by, or on a leave of absence from, Enterprise 
  
 (ii) is actively employed by, or on a leave of absence (including, but not limited to, a leave due to short-term disability and leave pursuant to the Family and Medical Leave Act of 1993, as amended from, Radiant in
the Enterprise Business as of the Closing Date and will continue to be employed by Radiant for a transition period after the Closing Date, with such period to be agreed upon by the parties (the “Transition Period”), and after the
Transition Period will be employed by Enterprise; or 
  
 (iii) any other employee of Radiant or group of employees of Radiant designated as a Transferred Individual by agreement of the parties. 
  
 An individual described in (ii) or (iii) above shall become a Transferred Individual as of the first date as of which such individual
becomes employed by Enterprise.  
  

	 	1.2	References 

  
 Unless the context clearly indicates otherwise, reference to a particular Article, Section, subsection or paragraph means the Article, Section, subsection
or paragraph so delineated in this Agreement. 
  
 Article 2
General Principles 
  

	 	2.1	Assumption of Liabilities 

  
 (a) By Enterprise. Effective as of the Closing Date, Enterprise shall assume and be responsible for 
  
 (i) all employment and employee benefit-related matters,
obligations and Liabilities related to any Enterprise Employee, including any Transferred Individual, and the dependents or beneficiaries of any of them, to the extent arising out of any period of employment with Enterprise or any Subsidiary of
Enterprise after the Closing Date; 
  
 (ii) all
obligations and Liabilities related to any Enterprise Mirror Plan, whether incurred before or after the Closing Date; 
  
 (iii) all obligations and Liabilities to administer leaves of absence and related programs affecting Transferred Individuals for the
period after the Closing Date as described in Section 3.2; 
  

 4 

 (iv) the obligations and Liabilities for quarterly bonuses and commissions as described
in Section 4.3; 
  
 (v) all obligations and
Liabilities for accrued and unused paid time off as described in Section 4.4; 
  
 (vi) the obligations and Liabilities for immigration-related matters as described in Section 4.6; and 
  
 (vii) all obligations and Liabilities related to or arising out of a claim that any Radiant Plan is a multiple employer welfare
arrangement (as defined in Section 3(40) of ERISA) with respect to participation in such plan by Enterprise Employees at any time during the Benefit Transition Period. 
  
 (b) By Radiant. Effective as of the Closing Date, Radiant shall assume and be responsible for

  
 (i) all employment and employee
benefit-related matters, obligations and Liabilities, related to any Transferred Individual and the dependents or beneficiaries of any of them, arising out of any period of employment occurring before and ending on or before the Closing Date,
whether such matters, obligations or Liabilities arise before, on or after the Closing Date (other than the obligations and Liabilities specifically assumed by Enterprise herein); 
  
 (ii) the employment and employee benefit-related matters, obligations and Liabilities, related to any
employee, director, officer, consultant, independent contractor, contingent worker or leased employee of Radiant or any Subsidiary of Radiant (other than a Transferred Individual) and the dependents or beneficiaries of any of them, whether such
matters, obligations or Liabilities arise before, on or after the Closing Date; and 
  
 (iii) all obligations and Liabilities related to any Radiant Plan, except the obligation to fund benefits and expenses related to coverage
of Enterprise Employees during the Benefit Transition Period. 
  
 From and after the Closing Date, Radiant shall have no obligations and Liabilities with respect to any Enterprise Employee except as specifically provided in (b) above and such obligations and Liabilities that arise out of or relate to its
status as plan sponsor, plan administrator or fiduciary of a Radiant Plan described in Section 2.2(a) during the Benefit Transition Period. 
  

	 	2.2	Enterprise Continuing Participation In Radiant Health and Welfare Plans 

  

	 	(a)	Participation in Radiant Plans 

  
 Subject to the terms and conditions of this Agreement, with respect to each Radiant Health and Welfare Plan listed in Appendix B hereto,
Enterprise and each of its Subsidiaries shall be a Participating Company in such Radiant Plan during the Benefit Transition Period unless the parties mutually agree to an earlier date as of which Enterprise and its Subsidiaries shall cease to
participate in a Radiant Plan. 
  

 5 

 Radiant shall take such steps as are necessary under each Radiant Plan described in this
Section 2.2(a) to permit Enterprise Employees (and their dependents and beneficiaries) to participate in each such Plan through the Benefit Transition Period. 
  

Radiant shall cause the Radiant Health and Welfare Plans listed in Appendix B hereto to recognize and maintain after the Closing Date
all coverage and contribution elections and designations of beneficiaries made by Transferred Individuals as such elections were last in effect during the period immediately prior to the Closing Date and shall apply such elections for the Benefit
Transition Period (subject to applicable election change rights). 
  

	 	(b)	Radiant’s General Obligations and Rights As Plan Sponsor 

  
 Radiant shall continue as the, and shall have all the rights, duties and responsibilities of, plan sponsor of each Radiant Plan described
in Section 2.2(a) and shall administer, or cause to be administered, each such plan in accordance with its terms and applicable law during the Benefit Transition Period while Enterprise and its Subsidiaries continue to participate in such plan.

  
 Nothing contained in this Section 2.2 shall
preclude Radiant from choosing to enter into contracts, insurance policies, HMO Agreements, letters of understanding, or other arrangements with new or different vendors than those in effect as of the Closing Date; provided, if such change is made
during the Benefit Transition Period, Radiant shall give Enterprise notice at least thirty (30) days prior to the effective date of such change of any decision to change or add vendors, and if such change results in an increase in premiums,
Enterprise may elect to terminate the Benefit Transition Period and to establish Enterprise Health and Welfare Plans to replace the Radiant Plans described in Section 2.2(a) above. 
  

	 	(c)	Enterprise’s General Obligations and Rights as Participating Company 

  
 With respect to each Radiant Plan described in Section 2.2(a), Enterprise and its Subsidiaries shall have
all the rights, duties and responsibilities of a Participating Company as set forth in such plan and any written or oral procedures adopted by Radiant in its capacity as plan sponsor or plan administrator thereto. 
  
 During the Benefit Transition Period, neither Enterprise or
its Subsidiaries shall perform any act or fail to take any action that would adversely affect Radiant’s financial arrangements under a Radiant Plan described in Section 2.2(a), except that this prohibition shall not apply to any benefit claims
filed by or on behalf of Enterprise Employees (or their dependents); provided, however, it is agreed that nothing shall prevent Enterprise or a Subsidiary of Enterprise from taking reasonable steps at any time to establish Enterprise Mirror Plans
for periods after the Benefit Transition Period. 
  

	 	(d)	Termination of Participating Company Status 

  
 Effective as of the close of the Benefit Transition Period, Enterprise and its Subsidiaries shall cease to be a Participating Company in
any of the Radiant Plans. 
  

 6 

	 	(e)	Sharing of Expenses 

  
 Enterprise and its Subsidiaries shall bear the entire cost of any benefits provided to Enterprise Employees with respect to their
participation in the Radiant Plans during the Benefit Transition Period and its proportionate share of administrative and other expenses associated with the provision of such benefits, provided that if as of the Closing Date, Radiant has prepaid any
premiums or expenses for a period that extends beyond the Closing Date and into the Benefit Transition Period, Enterprise shall reimburse Radiant for its proportionate share of any prepaid premiums or expenses relating to the Benefit Transition
Period within 30 days of the Closing Date. At periodic intervals, Radiant and Enterprise shall examine their respective payments and receipts for coverages to ascertain whether Radiant or Enterprise has mistakenly made or received payments for
coverages with respect to Enterprise Employees. If any such mistaken payments have been made or received by Radiant or Enterprise, such mistaken payments and receipts shall first be netted against each other by Radiant and Enterprise and thereafter
such net payments or net receipts shall be further netted against the other party’s net payments or net receipts. The party with the remaining amount of mistaken payments shall transfer such amount in cash to the other party at such time or
times as agreed upon by the parties, but not less frequently than quarterly. 
  
 Radiant and Enterprise shall use their reasonable best efforts to cause each of the insurance companies, HMOs, paid provider organizations and third-party administrators providing services and benefits under the
Radiant Health and Welfare Plans and the Enterprise Health and Welfare Plans to maintain the premium and/or administrative rates based on the aggregate number of participants in the Radiant Plans and the Enterprise Health and Welfare Plans, during
the Benefit Transition Period, separately rated or adjusted for the demographics, experience or other relevant factors related to the covered participants of Radiant and Enterprise, respectively. To the extent they are not successful in such
efforts, Radiant and Enterprise shall each bear the revised premium or administrative rates for health and welfare benefits attributable to the individuals covered by their respective Health and Welfare Plans. 
  
 Notwithstanding any of the foregoing provisions of this
Section 2.2, neither Enterprise nor any of its Subsidiaries shall assume any Liability with respect to any claim incurred by a Transferred Individual under the Radiant Health and Welfare Plans prior to the Closing Date. 
  

	 	2.3	Establishment of the Enterprise Mirror Plans 

  
 Immediately after the Closing Date, Transferred Individuals shall cease to actively participate in the Radiant 401(k) Profit Sharing Plan
and the Radiant Reimbursement Plans. Unless otherwise provided in this Agreement, effective no later than Immediately after the Closing Date, Enterprise shall use its reasonable best efforts to adopt the Enterprise Mirror Plans for the benefit of
Transferred Individuals and other Enterprise Employees. 
  

 7 

	 	2.4	Terms of Participation by Transferred Individuals 

  
 Each Transferred Individual shall receive credit for employment with Radiant or a Subsidiary of Radiant completed as of the Closing Date
for purposes of determining eligibility to participate in any Enterprise Mirror Plan and vesting in any benefits accrued under an Enterprise Mirror Plan; provided, however, except as expressly required under the terms of this Agreement, an
Enterprise Mirror Plan shall not be required to provide any benefits that are duplicative of the benefits provided by Radiant for any period of employment or service completed on or before the Closing Date. 
  
 Article 3 Health and Welfare Plans 
  

	 	3.1	COBRA and HIPAA 

  
 Effective Immediately after the Closing Date and during the Benefit Transition Period, Enterprise shall be responsible for all costs and expenses of
Radiant’s administering compliance and providing coverage under the Radiant Health and Welfare Plans in accordance with the health care continuation coverage requirements for “group health plans” under Title X of the Consolidated
Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), and the portability requirements (including the requirements for issuance of certificates of creditable coverage) under the Health Insurance Portability and Accountability
Act of 1996 (“HIPAA”) with respect to all Enterprise Employees (including Transferred Individuals) and former Enterprise Employees and any beneficiaries and dependents thereof who experience a COBRA qualifying event or loss of coverage
under the Radiant Health and Welfare Plans after the Closing Date and during the Benefit Transition Period. 
  
 Following the end of the Benefit Transition Period or, if earlier, the date that Enterprise and its Subsidiaries cease to be Participating Companies in
the Radiant Health and Welfare Plans, Enterprise shall be solely responsible for administering compliance and providing coverage in accordance with COBRA and the portability requirements (including the requirements for issuance of certificates of
creditable coverage) under HIPAA with respect to all Enterprise Employees and former Enterprise Employees who experience a COBRA qualifying event or loss of coverage under the Radiant Health and Welfare Plans during or after the Benefit Transition
Period.  
  

	 	3.2	Leave of Absence Programs 

  
 Effective Immediately after the Closing Date, Enterprise shall assume sole responsibility for the administration and compliance of all leaves of absences
and related programs (including compliance with the Family and Medical Leave Act of 1993, as amended) affecting Transferred Individuals based on programs and policies similar to Radiant’s programs and policies and assuming all periods of
employment and service of Transferred Individuals with Radiant shall be counted as employment with Enterprise for purposes of such programs. 
  

	 	3.3	Coverage Under Plans 

  

	 	(a)	Eligible Employees 

  
 (i) Except as otherwise provided in Section 2.2, Enterprise shall recognize and cover under the Enterprise Health and Welfare Plans all
eligible 

  

 8 

 
Transferred Individuals covered by the Radiant Health and Welfare Plans (pertaining to Transferred Individuals) as of the Closing Date (determined under the
applicable Plan documents). 
  
 (ii) Enterprise
shall provide coverage to Transferred Individuals under the Enterprise Health and Welfare Plans without the need to undergo a physical examination or otherwise provide evidence of insurability, but only to the extent such physical examination or
proof of insurability would not have been required under the similar Radiant Health and Welfare Plan.  
  

	 	(b)	Reimbursement Plans 

  
 To the extent any Transferred Individual contributed to an account under the Radiant Reimbursement Plans during the plan year that
includes the Closing Date, effective Immediately after the Closing Date, such Transferred Individual shall become a participant in the Enterprise Reimbursement Plan, Enterprise shall recognize any such Transferred Individual’s account balance,
determined as of the Closing Date, and Enterprise shall thereafter be solely responsible for making any and all payments relative to such account balance of the Transferred Individual for all claims made after the Closing Date, or made before the
Closing Date but not processed before the Closing Date, during such plan year under the applicable Enterprise Reimbursement Plan. All elections by Transferred Individuals in effect immediately prior to the Closing Date shall continue and be
recognized by Enterprise, and the Separation alone shall not be considered an event that gives any participant the right to change any prior election. As soon as practicable after the Closing Date, Radiant shall calculate as of the Closing Date the
aggregate net balance in the accounts of Transferred Individuals under the Radiant Reimbursement Plans, expressed relative to the contributions received from, and the reimbursements made to, such Transferred Individuals. If the contributions
received from a Transferred Individual exceed the reimbursements made to or on behalf of such Transferred Individual by Radiant, the Transferred Individual shall be deemed to have a positive account balance. In turn, if the contributions received
from a Transferred Individual are less than the reimbursements made to or on behalf of such Transferred Individual by Radiant, the Transferred Individual shall be deemed to have a negative account balance. If the aggregate net balance in the
accounts of all such Transferred Individuals is a positive number, then Radiant shall pay this amount in cash to Enterprise as soon as practicable after the Closing Date, and if the aggregate net balance in the accounts of all such Transferred
Individuals is a negative number, then Enterprise shall pay this amount in cash to Radiant as soon as practicable after the Closing Date. 
  
 Article 4 Miscellaneous Employee Benefits 
  

	 	4.1	Stock Options 

  
 As of the Closing Date, each Transferred Individual will be treated as having terminated employment with Radiant for purposes of determining his or her
eligibility to participate in the Radiant 1995 Stock Option Plan. Accordingly, any stock option held by a Transferred Individual or unexercised portion thereof which was otherwise exercisable on the Closing Date shall expire unless exercised in the
time period set forth in the Transferred Individual’s option agreement 

  

 9 

 
granting such option. Any portion of a stock option held by a Transferred Individual which was not exercisable as of the Closing Date shall expire as of the
Closing Date. 
  

	 	4.2	Employee Stock Purchase Plan 

  
 As of the Closing Date, each Transferred Individual will be treated as having terminated employment with Radiant for purposes of determining his or her
eligibility to participate in the Radiant 1998 Employee Stock Purchase Plan for any offerings which may be in effect as of the Closing Date. Accordingly, Enterprise will not have any interest in or right to any of the assets of the Radiant 1998
Employee Stock Purchase Plan and will not have any Liabilities with respect to such plan, and Radiant will have full power and authority with respect to the amendment and termination of the Radiant 1998 Employee Stock Purchase Plan. Any amounts
contributed by a Transferred Individual to the Radiant 1998 Employee Stock Purchase Plan for an offering in effect as of the Closing Date shall be refunded to such Transferred Individual in accordance with the terms of the plan. 
  

	 	4.3	Bonuses 

  
 As of the Closing Date, Radiant shall be responsible for (i) all earned but unpaid commissions and bonuses to be paid to Transferred Individuals for
periods preceding the quarter in which the Closing Date occurs, (ii) all bonuses to be paid to Transferred Individuals for the quarter in which the Closing Date occurs and (iii) all commissions to be paid to Transferred Individuals directly related
to revenues recognized by Radiant for the quarter in which the Closing Date occurs. Enterprise shall assume liability for and shall be solely responsible for any commissions to be paid to Transferred Individuals that are not directly related to
revenues recognized by Radiant for the quarter in which the Closing Date occurs and for all periods thereafter. The amount of the quarterly bonuses and commissions for the quarter in which the Closing Date occurs shall be determined in accordance
with the usual terms of Radiant’s Plans and shall be payable at the same time as bonuses and commissions are normally payable (“Payment Date”). Radiant shall on or prior to the Payment Date pay to Enterprise the bonuses and
commissions for Transferred Individuals for which Radiant is liable pursuant to this Section 4.3 (including the employer’s portion of all FICA, FUTA and other employment taxes) and Enterprise shall as soon as practicable after the Payment Date
pay the full amount of such bonuses and commissions to the Transferred Individuals. Enterprise shall assume responsibility for all bonuses and commissions to be paid to Transferred Individuals for quarters commencing on or after the Closing Date.
Radiant shall remain responsible for all bonuses and commissions that would otherwise be due and payable to Radiant employees before, on or after the Closing Date, even with respect to contracts assumed by Enterprise and revenue recognized by
Enterprise. The allocation of responsibilities set forth in this Section 4.3 assumes that the Closing Date will occur on or before December 31, 2003. In the event that the Closing Date occurs after December 31, 2003, the parties agree to allocate
responsibilities for payment of bonuses and commissions in a manner consistent with the intent of this Section 4.3. 
  

	 	4.4	Paid Time Off 

  
 As of the Closing Date, Enterprise shall assume all liability for the Transferred Individuals’ accrued and unused paid time off as of the Closing
Date consistent with the terms of Radiant’s paid time off policy as in effect as of the Closing Date. From and after the Closing 

  

 10 

 
Date, Radiant shall have no further liability with respect to accrued but unused paid time off for Transferred Individuals. 
  

	 	4.5	Severance/Separation Pay 

  
 Radiant and Enterprise acknowledge and agree that the transactions contemplated by the Separation Agreement will not constitute a termination of
employment of any Transferred Individual or any employee whose employment is transferred to Enterprise for purposes of any policy, plan, program or agreement of Radiant or any of its Subsidiaries (including Enterprise) that provides for the payment
of severance, separation pay, salary continuation or similar benefits in the event of a termination of employment. 
  

	 	4.6	Immigration Matters 

  
 From and after the Closing Date, Enterprise shall assume any and all immigration-related rights, Liabilities, interests and obligations of Radiant with
respect to Transferred Individuals, including, but not limited to all obligations, liabilities and undertakings of any labor condition applications filed on behalf of H-1B employees. From and after the Closing Date, Radiant shall have no further
liability with respect to any immigration-related Liabilities, interests and obligations with respect to Transferred Individuals.  
  

	 	4.7	Enterprise 401(k) Plan 

  
 Effective Immediately after the Closing Date, Enterprise shall establish and become the plan sponsor of a separate defined contribution plan for
Enterprise Employees that shall be qualified under Sections 401(a) and 401(k) of the Code (the “Enterprise 401(k) Plan”). As soon as practicable following the Closing Date, Radiant will cause cash (or, if acceptable to Radiant and
Enterprise, in-kind assets credited to the Transferred Individual’s accounts) in an amount equal to the value of the assets attributable to the accounts of Transferred Individuals under the Radiant 401(k) Plan to be transferred to the
Enterprise 401(k) Plan; provided, however, that Radiant shall not in any way be obligated to transfer such assets unless it has received a certification from Enterprise regarding the Enterprise 401(k) Plan substantially in the form set forth in
Appendix C or such other certification as may be acceptable to Radiant. 
  
 The Enterprise 401(k) Plan shall recognize and maintain all contribution and investment elections and designations of beneficiaries made by Transferred Individuals under the Radiant 401(k) Plan as such elections were last in effect
immediately prior to the Closing Date and shall apply such elections for the remainder of the period(s) for which such elections are by their terms applicable (subject in all cases to applicable election change rights of the Transferred
Individuals). Radiant and Enterprise acknowledge and agree that transactions contemplated by this Agreement will not constitute a severance from employment for any Transferred Individuals for purposes of the Radiant 401(k) Plan. 
  
 Article 5 General 
  

	 	5.1	Sharing of Participant Information and Access to Information 

  
 Subject to applicable laws on confidentiality, Radiant and Enterprise shall share, with each other and their respective agents and vendors (without
obtaining releases) all participant information necessary for the efficient and accurate administration of each of the Radiant Plans 

  

 11 

 
in which Enterprise is a Participating Company through the Benefit Transition Period. All requests for participant information shall be subject to the access
to information requirements set forth in Article IV of the Separation Agreement; provided, however, that in applying the provisions of Article IV of the Separation Agreement, May 31, 2004 shall be substituted for the Closing Date with respect to
information or records related to any Radiant Plan in which Enterprise is a Participating Company. 
  

	 	5.2	Reporting and Disclosure and Communications to Participants 

  
 While Enterprise is a Participating Company in the Radiant Plans, Enterprise shall take all actions necessary or appropriate to facilitate the
distribution of all Radiant Plan-related communications and materials to Enterprise Employees, participants and beneficiaries, including summary plan descriptions and related summaries of material modification, summary annual reports, investment
information, prospectuses, notices and enrollment materials for the Enterprise Plans. Enterprise shall assist Radiant in complying with all reporting and disclosure requirements of ERISA for plan years ending on or before May 31, 2004. 

 

	 	5.3	Plan Audits 

  

	 	(a)	Audit Rights with Respect to Information Provided 

  
 (i) Subject to Section 5.3(a)(ii), each of Radiant and Enterprise, and their duly authorized representatives, shall have the right to
conduct audits at any time upon reasonable prior notice, at their own expense, with respect to all information provided to it or to any Plan recordkeeper or third-party administrator by the other party. Subject to Section 5.3(b)(ii), the party
conducting the audit shall have the sole discretion to determine the procedures and guidelines for conducting audits and the selection of audit representatives. The auditing party shall have the right to make copies of any records at its expense,
subject to the confidentiality provisions set forth in the Separation Agreement, which are incorporated by reference herein. The party being audited shall provide the auditing party’s representatives with reasonable access during normal
business hours to its operations, computer systems and paper and electronic files, and provide workspace to its representatives. After any audit is completed, the party being audited shall have the right to review a draft of the audit findings and
to comment on those findings in writing within five business days after receiving such draft. 
  
 (ii) The auditing party’s audit rights under this Section 5.3(a) shall include the right to audit, or participate in an audit
facilitated by the party being audited, of any Subsidiaries and affiliates of the party being audited and of any benefit providers and third parties with whom the party being audited has a relationship, or agents of such party, to the extent any
such persons are affected by or addressed in this Agreement (collectively, the “Non-parties”). The party being audited shall, upon written request from the auditing party, provide an individual (at the auditing party’s expense) to
supervise any audit of any Non-party. The auditing party shall be responsible for supplying, at its expense, additional personnel sufficient to complete the audit in a reasonably timely manner. 
  

 12 

	 	(b)	Audits Regarding Vendor Contracts 

  
 From Immediately after the Closing Date through the Benefit Transition Period, Radiant and Enterprise and their duly authorized
representatives shall have the right to conduct joint audits with respect to any vendor contracts that relate to both the Radiant Plans and the Enterprise Plans. The scope of such audits shall encompass the review of all correspondence, account
records, claim forms, canceled drafts (unless retained by the bank), provider bills, medical records submitted with claims, billing corrections, vendor’s internal corrections of previous errors and any other documents or instruments relating to
the services performed by the vendor under the applicable vendor contracts. Radiant and Enterprise shall agree on the performance standards, audit methodology, auditing policy and quality measures and reporting requirements relating to the audits
described in this Section 5.3(b) and the manner in which costs incurred in connection with such audits will be shared. 
  

	 	(c)	Audit Assistance 

  
 To the extent that either Radiant or Enterprise is required to respond to any Governmental Authority, vendor or recordkeeper audit, or
otherwise conducts an audit with respect to any provision or obligation of the other party under this Agreement, Radiant or Enterprise, whichever is applicable, shall be required to fully cooperate with the audit, including providing such records
and data as may be necessary to respond to any document or data request that may arise by reason of such audit. The party being audited shall provide the auditing party’s representatives with reasonable access during normal business hours to
its operations, computer systems and paper and electronic files, and provide workspace to its representatives. To the extent the results of an audit result in any correction to the Liabilities involving any Transferred Individuals, Enterprise shall
be solely responsible for all such costs and expenses associated with such Liabilities and any related corrections. 
  

	 	5.4	Requests for Internal Revenue Service Rulings and United States Department of Labor Opinions 

  
 Enterprise shall cooperate fully with Radiant on any issue relating to the transactions contemplated by this Agreement for
which Radiant elects to seek a determination letter or private letter ruling from the Internal Revenue Service or an advisory opinion from the United States Department of Labor. Radiant shall cooperate fully with Enterprise with respect to any
request for a determination letter or private letter ruling from the Internal Revenue Service or advisory opinion from the United States Department of Labor with respect to any of the Enterprise Plans relating to the transactions contemplated by
this Agreement. 
  

	 	5.5	Fiduciary and Related Matters 

  
 The parties acknowledge that Radiant will not be a fiduciary with respect to the Enterprise Plans. The parties also acknowledge that neither party shall
be deemed to be in violation of this Agreement if it fails to comply with any provisions hereof based upon its good faith determination that to do so would violate any applicable fiduciary duties or standards of conduct under ERISA or other
applicable law. Notwithstanding any other provision in this 

  

 13 

 
Agreement, the parties may take such actions as necessary or appropriate to effectuate the terms and provisions of this Agreement.  
  

	 	5.6	No Third-Party Beneficiaries; Non-Termination of Employment 

  
 This Agreement is not intended and shall not be construed as to confer upon any Person other than the parties hereto any rights or remedies hereunder. No
provision of this Agreement or the Separation Agreement shall be construed to create any right, or accelerate entitlement, to any compensation or benefit whatsoever on the part of any Transferred Individual or other future, present, or former
employee of Radiant or Enterprise under any Radiant Plan or Enterprise Plan or otherwise. Without limiting the generality of the foregoing, except as expressly provided in this Agreement: (i) neither the Separation nor the termination of the
Participating Company status of Enterprise shall cause any employee to be deemed to have incurred a termination of employment which entitles such individual to the commencement of benefits under any of the Radiant Plans, or any of the Enterprise
Plans; and (ii) nothing in this Agreement other than those provisions specifically set forth herein to the contrary shall preclude Enterprise, at any time after the Closing Date, from amending, merging, modifying, terminating, eliminating, reducing,
or otherwise altering in any respect any Enterprise Plan, any benefit under any Plan or any trust, insurance policy or funding vehicle related to any Enterprise Plan. 
  

	 	5.7	Consent of Third Parties 

  
 If any provision of this Agreement is dependent on the consent of any third party (such as a vendor) and such consent is withheld, Radiant and Enterprise
shall use their reasonable best efforts to implement the applicable provisions of this Agreement to the full extent practicable. If any provision of this Agreement cannot be implemented due to the failure of such third party to consent, Radiant and
Enterprise shall negotiate in good faith to implement the provision in a mutually satisfactory manner. The phrase “reasonable best efforts” as used in this Agreement shall not be construed to require the incurrence of any non-routine or
unreasonable expense or liability or the waiver of any right. 
  

	 	5.8	Effect if Separation Does Not Occur 

  
 If the Separation does not occur, then all actions and events that are, under this Agreement, to be taken or occur before or effective as of the Closing
Date, Immediately after the Closing Date, or otherwise in connection with the Separation, shall not be taken or occur except to the extent specifically agreed by Enterprise and Radiant. 
  

	 	5.9	Relationship of Parties 

  
 Nothing in this Agreement shall be deemed or construed by the parties or any third party as creating the relationship of principal and agent, partnership
or joint venture between the parties, it being understood and agreed that no provision contained herein, and no act of the parties, shall be deemed to create any relationship between the parties other than the relationship set forth herein.

  

 14 

	 	5.10	Dispute Resolution 

  
 Any controversy or claim arising out of or relating to this Agreement, or the breach hereof, shall be settled pursuant to the dispute resolution
provisions described in Article V of the Separation Agreement. 
  

	 	5.11	Indemnification 

  
 All Liabilities retained or assumed by or allocated to Radiant or any Radiant Subsidiary pursuant to this Agreement will be deemed to be Radiant
Liabilities (as defined in the Separation Agreement) and all Liabilities retained or assumed by or allocated to Enterprise or any Enterprise Subsidiary pursuant to this Agreement will be deemed to be Enterprise Liabilities (as defined in the
Separation Agreement), and, in each case, will be subject to the indemnification provisions set forth in Article III of the Separation Agreement. 
  

	 	5.12	W-2 Matters; Reimbursements 

  
 Radiant shall be responsible for preparing and distributing Forms W-2 to all Transferred Individuals for all remuneration earned by such Transferred
Individuals through the Closing Date. Enterprise shall assume and be responsible for preparing and distributing Forms W-2 to all Transferred Individuals for all remuneration earned by such Transferred Individuals after the Closing Date. 

 
 For a period of one year after the Closing Date, Enterprise shall pay to
Radiant ratably and on a monthly basis all amounts previously paid by Radiant on behalf of Transferred Individuals with respect to immigration-related matters (including attorneys’ fees) pertaining solely to such Transferred Individuals’
applications for permanent residency prior to the Closing Date, less any premiums collected by Radiant as of the Closing Date pursuant to any reimbursement agreements with Transferred Individuals. Within 10 days after the Closing Date, Radiant shall
reconcile all amounts owed to Radiant as of the Closing Date with respect to such immigration-related matters. From and after the Closing Date, Enterprise shall assume Radiant’s rights and obligations under any reimbursement agreements with
Transferred Individuals with respect to immigration-related matters. 
  

	 	5.13	Confidentiality 

  
 The confidentiality provisions contained in Article IV of the Separation Agreement are incorporated herein by reference and unless otherwise expressly
specified herein, such provisions shall apply as if fully set forth herein. 
  

 15 

	 	5.14	Notices 

  
 All notices and other communications hereunder (each a “Notice”) shall be in writing, shall reference this Agreement and shall be hand delivered
or mailed by registered or certified mail (return receipt requested) to the parties at the following addresses (or at such other addresses for a party as shall be specified by like Notice) and will be deemed given on the date on which such Notice is
received: 
  
 To Radiant: 
  
 Radiant Systems, Inc. 
 3925 Brookside Parkway 
 Alpharetta, Georgia 30022 
 Attention: Mark W. Haidet, Chief Financial Officer 

Telephone: (770) 576-6404 
  
 With a copy to: 
  
 Smith, Gambrell & Russell, LLP 
 1230 Peachtree Street, N.E., Suite 3100 
 Atlanta, Georgia 30309 
 Attention: Arthur Jay Schwartz 
 Telephone: (404) 815-3500 
  
 With a copy to: 
  
 King & Spalding
LLP 
 191 Peachtree Street 
 Atlanta, Georgia 30303 
 Attention: Russell B. Richards 
 Telephone: (404) 572-4600 
  

 16 

 To Enterprise: 
  

Wave Enterprise Systems, Inc. 
 3905 Brookside Parkway 
 Atlanta, Georgia 30022 
 Attention: David Schulman, General Counsel 
 Telephone: (770) 576-7030 
  
 With a copy to: 
  
 Kilpatrick
Stockton, LLP 
 1100 Peachtree Street 
 Atlanta, Georgia 30309 
 Attention:    Larry D. Ledbetter 
      Bruce
D. Wanamaker 
 Telephone: (404) 815-6500 
  

	 	5.15	Interpretation 

  
 Words in the singular shall be held to include the plural and vice versa and words of one gender shall be held to include the other genders as the context
requires. The terms “hereof,” “herein,” and “herewith” and words of similar import shall, unless otherwise stated, be construed to refer to this Agreement as a whole (including all Appendices hereto) and not to any
particular provision of this Agreement. The word “including” and words of similar import when used in this Agreement shall mean “including, without limitation,” unless the context otherwise requires or unless otherwise specified.
The word “or” shall not be exclusive. 
  

	 	5.16	Severability 

  
 The provisions of this Agreement are severable and should any provision hereof be void, voidable or unenforceable under any applicable law, such provision
shall not affect or invalidate any other provision of this Agreement, which shall continue to govern the relative rights and duties of the parties as though such void, voidable or unenforceable provision were not a part hereof. 
  

	 	5.17	Governing Law/Execution 

  
 This Agreement shall be construed in accordance with, and governed by, the laws of the State of Georgia without regard to the conflicts of law rules of
such state, may not be assigned by either party without the prior written consent of the other, and shall bind and inure to the benefit of the parties hereto and their respective successors and permitted assignees. This Agreement may not be amended
or supplemented except by an agreement in writing signed by Radiant and Enterprise. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original instrument, but all of which together shall constitute one and
the same Agreement. 
  
 [SIGNATURE PAGE FOLLOWS] 
  

 17 

 IN WITNESS WHEREOF, the parties have caused this Employee Benefits Agreement to be duly executed as of
the day and year first above written. 
  

	 RADIANT SYSTEMS, INC.

		
	By:	 	 
	 	

	 	 	 Name:
 Title:

  

	 WAVE ENTERPRISE SYSTEMS, INC.

		
	By:	 	 
	 	

	 	 	 Name:
 Title:

  

 18 

 APPENDIX A  
  
 ENTERPRISE MIRROR PLANS 
  
 ENTERPRISE MIRROR PLANS TO BE ESTABLISHED IMMEDIATELY AFTER THE CLOSING DATE 
  
 Enterprise Flexible Benefits Plan: 
 Enterprise Before Tax
Premium Plan 
 Enterprise Health Care Flexible Spending Account Plan 
 Enterprise Dependent Care Flexible Spending Account Plan 
  
 Enterprise 401(k) Plan 
  
 Leave of Absence Policies 
 Enterprise Bereavement, Family/Medical, Jury Duty/Witness Duty, Military Leave,
Paid Time Off, and Personal Leave Policies 
  

 A-1 

 APPENDIX B 
  

RADIANT HEALTH AND WELFARE PLANS 
  
 RADIANT PLANS IN WHICH ENTERPRISE WILL BE A PARTICIPATING COMPANY THROUGH THE CLOSE OF THE BENEFIT TRANSITION PERIOD 
  
 Health Plans (ERISA): 
 Health & Welfare Plan (which includes medical, dental, prescription drug, various HMOs, vision, wellness programs, and employee assistance benefits).

  
 Group Insurance Plans (ERISA): 
 Group Employee Basic Life and Supplemental Life Insurance Plan 
 Group Employee Accidental Death and Dismemberment Insurance Plan 
 Group Business Travel Accident Plan

 Personal Accident Plan 
  
 Disability Plans (ERISA): 
 Employer-Paid Short-Term
Disability Plan 
 Long Term Disability Plan 
  

 B-1 

 APPENDIX C 
  

FORM OF CERTIFICATION REGARDING ENTERPRISE 401(K) PLAN 
  

This certification is made pursuant to that certain Employee Benefits Agreement, dated as of
                    , 2003 by and between Radiant Systems, Inc., a Georgia corporation, (“Radiant”) and Wave Enterprise Systems,
Inc., a Georgia corporation (“Enterprise”). 
  
 WHEREAS,
Radiant maintains the
                                        
                     (“Radiant 401(k) Plan”); 
  

WHEREAS, the Radiant 401(k) Plan is subject to a favorable determination letter from the Internal Revenue Service dated
                            ; 
  
 WHEREAS, Enterprise maintains the
                                        
                     (“Enterprise 401(k) Plan”); 
  
 WHEREAS, pursuant to Section 4.7 of Employee Benefits Agreement, Radiant is required to cause the Radiant 401(k) Plan to
transfer cash (or, under certain circumstances, other assets) equal to the value of the assets attributable to the accounts of certain former employees of Radiant or its subsidiaries described as Transferred Individuals in the Employee Benefits
Agreement upon the certification of Enterprise as to the qualification of the Enterprise Plan; 
  
 NOW, THEREFORE, Enterprise hereby makes the following representations and covenants as an inducement to Radiant to cause the Radiant 401(k) Plan to transfer assets and liabilities to the Enterprise 401(k) Plan:

  
 The Enterprise 401(k) Plan was executed on
                                        
        . 
  
 The first
payroll with respect to which elective deferrals will be (or were) deducted from employee’s pay was on
                                    . 
  
 The terms of the Enterprise 401(k) Plan and its related trust satisfy the
requirements of Sections 401(a), (k) and (m) and related sections of the Internal Revenue Code of 1986 , as amended, and the final and temporary regulations promulgated thereunder (the “Code”) and the plan and the related trust is intended
to be tax exempt under Section 501(a) of the Code. 
  
 Enterprise
has at all times operated the Enterprise 401(k) Plan in accordance with its terms and applicable provisions of the Code and there is no circumstance that would cause the Enterprise 401(k) Plan to fail to constitute a qualified cash or deferred
arrangement as described in Sections 401(k) of the Code from its establishment. 
  
 Any elective deferrals, qualified nonelective contributions or qualified matching contributions transferred to the Enterprise 401(k) Plan from the Radiant 401(k) Plan will continue to be subject to the withdrawal
restrictions of Section 401(k) of the Code. 
  
 Enterprise will
make an application to the Internal Revenue Service for an initial favorable determination letter within the time period permitted for such application under Section 401(b) of the Code and will take all action required, including amending the
Enterprise 

  

 C-1 

 
401(k) Plan, to obtain such a favorable letter, a copy of which will be promptly provided to Radiant. 
  
 IN WITNESS WHEREOF, the undersigned has caused this Certification to be duly
executed this              day of
                        . 
  

	 WAVE ENTERPRISE SYSTEMS, INC.

		
	By:	 	 
	 	

	 	 	 Name:
 Title:

  

 C-2Purchase Option Agreement

 Exhibit 10.5 
  
 RIGHT OF FIRST REFUSAL AND PURCHASE OPTION AGREEMENT 
  
 THIS RIGHT OF FIRST REFUSAL AND PURCHASE OPTION AGREEMENT (this
“Agreement”) is made and entered into as of the              day of             , 2003, by and between RADIANT
SYSTEMS, INC., a Georgia corporation (“Grantor”), and WAVE ENTERPRISE SYSTEMS, INC., a Georgia corporation (“Grantee”). 
  
 W I T N E S S E T H: 
  
 WHEREAS, Grantor, as Sublandlord, and Grantee, as Subtenant, have entered into a Sublease and Facilities Agreement dated of even date herewith (the
“Sublease”) pursuant to which Grantor has agreed to sublease to Grantee, and Grantee has agreed to sublease from Grantor, that certain improved real property located in Fulton County, Georgia commonly known as 3905 Brookside Parkway,
Alpharetta, Georgia 30022 (the “Office Building Property”) for an initial term scheduled to expire February 28, 2013; and 
  
 WHEREAS, the Sublease contains certain early termination rights in favor of each of Grantor and Grantee; and 
  
 WHEREAS, Grantor has agreed to grant to Grantee a right of first
refusal and a purchase option with respect to that certain parcel of real property containing approximately 5.819 acres which is located adjacent to the Office Building Property and is described on Exhibit “A” attached hereto
(the “Property”) on the terms and conditions set forth in this Agreement. 
  
 WHEREAS, the Property is part of an approximate 16.667 acre tract which is described on Exhibit “B” attached hereto (the “Entire Parcel”) (for the purposes of this Agreement,
that portion of the Entire Parcel not contained within the Property shall be sometimes referred to herein as the “Adjacent Parcel”). 
  
 NOW, THEREFORE, in consideration of the sum of $10.00 paid by Grantee to Grantor and the mutual covenants and agreements of the parties contained
in this Agreement, and other good and valuable consideration, the receipt and sufficiency of such consideration being hereby acknowledged, Grantee and Grantor hereby agree as follows: 
  
 1. RIGHT OF FIRST REFUSAL. Grantor hereby grants and conveys to Grantee a right of first refusal (the
“Right of First Refusal”) to purchase the Property, subject and subordinate only to the Duke ROFR (as hereinafter defined), in accordance with the terms and subject to the conditions set forth below: 
  
 (a) Except as otherwise expressly provided in Sections 4 and 13, below,
Grantor shall not sell or convey the Property or any interest therein or portion thereof (each, a “Conveyance”) except in accordance with the terms and conditions hereof. In the event during the term of the Sublease, Grantor receives a
bona fide offer, an acceptance of any Grantor offer, a counteroffer or other proposal or agreement (each, an “Offer”) from any unrelated person or entity (the “Offer Purchaser”) to acquire all or any portion of the Entire Parcel
(the real property that is the subject of any such Offer is herein referred to as the “Offer Property”), such Offer Property includes all or any portion of the Property, and Grantor desires to accept or enter into, or otherwise proceed
with a Conveyance on the terms of such Offer, then Grantor shall immediately provide a true and 
  

 correct copy of such Offer to Grantee and to the beneficiary of the Duke ROFR pursuant to the terms and conditions
applicable thereto. Grantor shall also immediately provide written notice to Grantee as to the response to such Offer by the beneficiary under the Duke ROFR upon receipt of any notice from such beneficiary that it elects either to exercise its
rights with respect to such Offer or elects not to exercise such rights with respect thereto or, in the absence of any such notice, upon the expiration of the fifteen (15) day refusal period of such beneficiary without such beneficiary having
exercised its rights pursuant to the Duke ROFR with respect to such Offer, Grantor shall immediately give written notice thereof to Grantee. The period of time during which Grantee may exercise the Right of First Refusal (a “Refusal
Period”) as to the subject Offer shall begin upon the date such notice, along with a copy of the subject Offer, is deemed received by Grantee from Grantor pursuant to the terms and conditions of Section 7, below, and shall expire at 5:00 p.m.,
Atlanta, Georgia time, on the date thirty (30) days thereafter (with the first day of such thirty-day period being the first business day after the date on which Grantee is deemed to have received such written notice and such copy of the subject
Offer). 
  
 (b) In the event that either: (i) Grantee gives
written notice to Grantor of its intent not to exercise its Right of First Refusal as to the subject Offer, or (ii) Grantee does not give written notice to Grantor prior to the expiration of the applicable Refusal Period of Grantee’s exercise
of its right to purchase the Property pursuant to the Right of First Refusal with respect to the subject Offer, then Grantor may proceed with a Conveyance of the Offer Property to the Offer Purchaser thereunder (or to any affiliate or assignee of
the Offer Purchaser) on terms that are the same, in all material respects, as the terms and conditions set forth in the subject Offer (it being acknowledged that, without limitation of the foregoing, a purchase price less than ninety-five percent
(95%) of the purchase price set forth in the applicable Offer shall be deemed to be a Conveyance on terms that are not the same, in all material respects, as the terms and conditions set forth in the subject Offer) such that the closing of
such Conveyance occurs, and the deed from Grantor effecting such Conveyance is recorded in the Official Records of the Clerk of the Superior Court of Fulton County, Georgia, within six (6) months following the date Grantor shall have first given a
copy of the subject Offer to Grantee (the “Permitted Offer Closing Period”). In the event such closing occurs, and such deed is so recorded, within the applicable six-month Permitted Offer Closing Period, then (i) concurrently with such
closing, Grantor shall pay to Grantee one-half of the difference between (A) the effective per acre sales price payable in connection with such closing (whether payable in cash, as a note, or otherwise) multiplied by 5.819 acres, net of reasonable
and customary closing costs, prorations, and brokerage commissions payable by Grantor at such closing, less (B) the Option Price, and (ii) this Agreement shall terminate upon the latest to occur of such closing, recordation of such deed, and payment
of such amount to Grantee. Furthermore, in the event Duke Realty Limited Partnership (“Duke”) elects to purchase the Offer Property in accordance with the Duke ROFR, as defined in Section 13 hereof, then, under such circumstances, Grantor
shall concurrently with the Duke closing, pay to Grantee one-half of the difference between (X) the effective per acre sales price payable in connection with such closing (whether payable in cash, as a note, or otherwise) multiplied by 5.819 acres,
net of reasonable and customary closing costs, prorations, and brokerage commissions payable by Grantor at such closing, less (Y) the Option Price, and this Agreement shall terminate upon the latest to occur of such closing, recordation of such
deed, and payment of such amount to Grantee. If the closing of such Conveyance does not so occur, or such deed is not so recorded, within such applicable six-month Permitted Offer Closing Period, however, then this Agreement shall remain in full
force and effect (including with respect to any 
  

 2 

 other Offers and the subject Offer, whether or not then pending), and, without limiting the generality of the foregoing,
in the event Grantor desires to proceed with a Conveyance of all or any portion of the Property pursuant to the subject Offer, Grantor shall again give the subject Offer to Grantee and the subject Offer shall be deemed to be a new Offer such that
Grantee may again have the opportunity and right to exercise the First Refusal Right with respect thereto pursuant to the terms and conditions of this Agreement. 
  
 (c) In the event that Grantee gives written notice to Grantor prior to the expiration of the applicable Refusal Period of
Grantee’s exercise of its right to purchase the Property pursuant to the Right of First Refusal with respect to the subject Offer, then Grantor shall purchase the Property from Grantor, and Grantor shall sell the Property to Grantee, in
accordance with the terms and conditions hereof on or before the date one hundred twenty (120) days after the expiration of the applicable Refusal Period or any earlier date for the closing of such purchase and sale that Grantee may specify in its
written notice to Grantor exercising its right to purchase the Property pursuant to the Right of First Refusal. In such event, the closing of such purchase and sale shall occur as follows: 
  
 (i) the purchase price for the Property (the “Purchase
Price”) shall be equal to the Option Price (as hereinafter defined), plus, in the event the effective per acre sales price contained in the subject Offer for the Offer Property exceeds $463,997.25, an amount equal to 2.9095 multiplied by such
per acre price excess amount (e.g., if such effective per acre sales price is $1,000,000.00 per acre, then the Purchase Price would be $1,559,500.01 [i.e., the difference between $1,000,000.00 and $463,997.25, multiplied by 2.9095] plus the Option
Price); such Purchase Price shall be paid by Grantee to Grantor at the closing of such purchase and sale (the “Closing”) by certified funds or cashier’s check; 
  
 (ii) the purchase and sale shall otherwise be on the same terms and conditions as set forth in the subject
Offer, including, without limitation, any “due diligence” period and termination right afforded to the prospective Offer Purchaser in connection therewith and any provisions regarding remedies (but in all events, (i) if Grantee fails to
consummate the purchase and sale of the Property after exercising its Right of First Refusal and such failure constitutes a default by Grantee, Grantor shall be entitled to liquidated damages in an amount equal to the amount of Earnest Money
required under the subject Offer that would be forfeited by the Offeror in the event such Offeror failed to consummate the purchase and sale of the Property where such failure would constitute a default by such Offeror under the purchase and sale
agreement related thereto (or, in the event no Earnest Money is so required, then an amount equal to $20,000), as its sole and exclusive right and remedy in connection therewith, and this Agreement shall become null and void, and (ii) if Grantor
fails to consummate the purchase and sale of the Property after any exercise of the Right of First Refusal by Grantee and such failure constitutes a default by Grantor, Grantee shall, among other remedies, be entitled to seek specific performance);

  
 (iii) Grantor shall transfer and convey to
Grantee at the Closing, good, marketable and insurable fee simple title to the Property free and clear of all liens, leases, encumbrances, encroachments, restrictions, covenants, assessments, charges, taxes, 
  

 3 

 agreements and easements, except for (A) easements, covenants and other restrictions affecting the
Property as of the date of this Agreement, (B) such other easements, covenants and restrictions as are hereafter approved by Grantee, in writing (which approval shall not be unreasonably withheld, conditioned or delayed so long as such proposed
easement, covenant or restriction would not materially adversely affect the use and development of the Property for office, research, and related uses or the value of the Property) (“Subsequently Approved Encumbrances”), and (C) the lien
for taxes and other assessments not then due and payable. Grantor shall be obligated to remove and effect a release of any security title, security lien, security interest, and all monetary liens encumbering the Property on or before Closing. In the
event Grantor for any reason cannot convey title to the Property to Grantee in the manner required by this subparagraph, then Grantee may, in addition to all other remedies it might have at law or in equity, either (A) rescind its election to
exercise the Right of First Refusal, or (B) elect to cure any defect or defects in title and deduct the expense of curing such defect or defects from the Purchase Price. In relation to the foregoing, Grantor acknowledges and agrees that it shall not
further encumber the Property following the date hereof without first receiving Grantee’s prior written consent, such consent not to be unreasonably withheld, conditioned or delayed. Notwithstanding the foregoing or any other provision
contained herein to the contrary, Grantee acknowledges and agrees that Grantor shall have the right, at any time, to grant security interests against the Property and/or the Entire Parcel in connection with any loans hereafter obtained by Grantor
and that such granting of security interests against the Property and/or the Entire Parcel shall not be deemed a Conveyance for the purposes hereof nor shall the same constitute an event of default by Grantor hereunder; provided, however, that in no
event shall this sentence be deemed to subordinate Grantee’s rights hereunder to any such security interests and such security interests shall in all events be subject and subordinate to the rights of Grantee hereunder; provided further,
however, that in the event of a purchase by Grantee pursuant to the terms of this Section 1, Grantor shall remove and effect a release of all such security interests on or before the subject Closing. 
  
 (iv) At the Closing, Grantor shall execute and deliver the
following to Grantee: 
  
 (A) An owner’s
affidavit in form and substance customarily utilized in the State of Georgia and reasonably acceptable to Grantee and Grantee’s title insurance company relating to, among other things, ownership and possession of the Property, the improvements
thereon, and the absence of liens on or indebtedness secured by the Property; 
  
 (B) A limited warranty deed in a form customarily utilized in the State of Georgia and reasonably acceptable to Grantee duly executed by an authorized officer or officers of Grantor for the purpose of conveying title
to the Property to Grantee; and 
  
 (C) Such
other documents (including, without limitation, a corporate resolution or other evidence of the authority of Grantor and its signatories to enter into such transaction) as may be reasonably required by Grantee or Grantee’s title 
  

 4 

 insurance company to convey title to the Property to Grantee as required by this Agreement or otherwise
in connection with the Closing; 
  
 (v) Any and
all ad valorem or similar taxes or assessments on the Property for the year in which the Closing occurs shall be prorated as of the date of the Closing. Grantor shall pay its own attorney fees and the State of Georgia transfer tax, and Grantee shall
pay its own attorneys’ fees and the cost of any title insurance obtained by Grantee; each party shall otherwise bear and pay the costs incurred by such party in connection with such purchase and sale and Closing. 
  
 (d) In the event that Grantor permits any prospective purchaser or its
agents to conduct physical inspections or surveys of the Property prior to an Offer (it being acknowledged that a mere “showing” of the Property or a “walk through” by any such prospective buyer or its agents without conducting
physical inspections or surveys that a buyer would customarily inspect in connection with its due diligence relating to a property shall not be deemed to be “conducting physical inspections or surveys” pursuant to this subparagraph),
Grantor shall immediately give written notice thereof to Grantee and shall permit Grantee to conduct inspections, surveys and other due diligence activities with respect to the Property prior to any Offer. 
  
 (e) Notwithstanding any other provision contained herein to the contrary,
unless Grantee shall have previously exercised its right to purchase the Property pursuant to the terms hereof, Grantee’s Right of First Refusal shall automatically terminate and be of no further force or effect (i) if Grantee, as Subtenant,
terminates the Sublease pursuant to Section 2.2(a) thereof, upon the date on which Grantor, as Sublandlord, receives written notice thereof from Grantee, as Subtenant, or (ii) if Grantor, as Sublandlord, terminates the Sublease pursuant to Section
2.2(a) thereof or otherwise terminates the Sublease because of a default thereunder by Grantee, as Subtenant, the date on which the Sublease so terminates. In the event Grantee has exercised its right to purchase the Property pursuant to the terms
hereof prior to the date on which Grantee’s Right of First Refusal so terminates, then each of Grantor and Grantee shall proceed to the Closing of the purchase and sale of the Property in accordance with the terms hereof. 
  
 (f) In the event of the termination of Grantee’s Right of First Refusal
and Purchase Option pursuant to Subparagraph (b) or (e), above, Grantee shall execute and deliver to Grantor such documents of release as are reasonable and necessary to remove the encumbrance of this Agreement from the Property and/or the Entire
Parcel (if applicable) as may be reasonably requested by Grantor. 
  
 2. PURCHASE OPTION. In addition to the Right of First Refusal, Grantor hereby grants to Grantee an option to purchase the Property (the “Purchase Option”), subject and subordinate only to the Duke ROFR (as
hereinafter defined), at the time, for the consideration, and upon the terms and conditions set forth below: 
  
 (a) Subject to the provisions below, the term of the Purchase Option (“Option Term”) shall commence upon the date hereof and shall run until the
date the term of the Sublease expires or the Sublease is otherwise terminated. Subject to the provisions below, the Purchase Option 
  

 5 

 may be exercised by Grantee during the Option Term by written notice of such exercise from Grantee to Grantor delivered
to Grantor’s address set forth below. 
  
 (b) In the event
that Grantee exercises its Purchase Option by giving written notice thereof to Grantor during the Option Term, then this Agreement shall become a contract of sale between Grantor and Grantee on all the terms and conditions set forth herein and
Grantor shall purchase the Property from Grantor, and Grantor shall sell the Property to Grantee, in accordance with the terms and conditions hereof on or before the date one hundred twenty (120) days after the date on which Grantee gives Grantor
such written notice or any earlier date for the closing of such purchase and sale that Grantee may specify in such written notice to Grantor. In such event, the closing of such purchase and sale shall occur as follows: 
  
 (i) the purchase price (the “Option Price”) to be
paid by Grantee to Grantor for the Property shall be Two Million Seven Hundred Thousand and No/100 Dollars $2,700,000.00, and such Option Price shall be paid by Grantee to Grantor at the closing of such purchase and sale (the “Option
Closing”) by certified funds or cashier’s check; 
  
 (ii) Grantor shall transfer and convey to Grantee at the Option Closing, good, marketable and insurable fee simple title to the Property free and clear of all liens, leases, encumbrances, encroachments, restrictions,
covenants, assessments, charges, taxes, agreements and easements, except for (A) easements, covenants and other restrictions affecting the Property as of the date of this Agreement, (B) such other easements, covenants and restrictions as are
hereafter approved by Grantee, in writing (which approval shall not be unreasonably withheld, conditioned or delayed so long as such proposed easement, covenant or restriction would not materially adversely affect the use and development of the
Property for office, research, and related uses or the value of the Property), and (C) the lien for taxes and other assessments not then due and payable. Grantor shall be obligated to remove all monetary liens encumbering the Property on or before
the Option Closing. In the event Grantor for any reason cannot convey title to the Property to Grantee in the manner required by this subparagraph, then Grantee may, in addition to all other remedies it might have at law or in equity, either (A)
rescind its election to exercise the Purchase Option, or (B) elect to cure any defect or defects in title and deduct the expense of curing such defect or defects from the Option Price. In relation to the foregoing, Grantor acknowledges and agrees
that it shall not further encumber the Property following the date hereof without first receiving Grantee’s prior written consent, such consent not to be unreasonably withheld, conditioned or delayed. Notwithstanding the foregoing or any other
provision contained herein to the contrary, Grantee acknowledges and agrees that Grantor shall have the right, at any time, to grant security interests against the Property in connection with any loans hereafter obtained by Grantor and that such
granting of security interests against the Property shall not constitute an event of default by Grantor hereunder; provided, however, that in no event shall this sentence be deemed to subordinate Grantee’s rights hereunder to any such security
interests and such security interests shall in all events be subject and subordinate to the rights of Grantee hereunder; provided further, however, that in the event of a purchase by Grantee pursuant to the terms of this Section 2, Grantor shall
remove and effect a release of all such security interests on or before the Option Closing. 
  

 6 

 (iii) At the Option Closing, Grantor shall execute and deliver to Grantee the documents
and instruments described in subparagraph (iv) of Section 1(c), above, and the references therein to “Closing” shall be deemed to refer to the Option Closing. 
  
 (iv) Any and all ad valorem or similar taxes or assessments on the Property for the year in which the Option
Closing occurs shall be prorated as of the date of the Option Closing. Grantor shall pay its own attorney fees and the State of Georgia transfer tax, and Grantee shall pay its own attorneys’ fees and the cost of any title insurance obtained by
Grantee; each party shall otherwise bear and pay the costs incurred by such party in connection with such purchase and sale and Option Closing. 
  
 (c) Notwithstanding the foregoing, unless Grantee shall have previously exercised its Purchase Option pursuant to the terms hereof, Grantee’s
Purchase Option shall automatically terminate and be of no further force or effect (i) if Grantee, as Subtenant, terminates the Sublease pursuant to Section 2.2(a) thereof, upon the date on which Grantor, as Sublandlord, receives written notice
thereof from Grantee, as Subtenant, or (ii) if Grantor, as Sublandlord, terminates the Sublease pursuant to Section 2.2(a) thereof or otherwise terminates the Sublease because of a default thereunder by Grantee, as Subtenant, the date on which the
Sublease so terminates. In the event Grantee has exercised the Purchase Option pursuant to the terms hereof prior to the date on which the Purchase Option so terminates, then each of Grantor and Grantee shall proceed to the Option Closing (as
hereinafter defined) in accordance with the terms hereof. 
  
 (d)
Further notwithstanding the foregoing, Grantee acknowledges and agrees that in the event it does not exercise its Right of First Refusal with respect to any Offer during the applicable Refusal Period pursuant to the terms and provisions of Section
1, above, and Grantor thereafter accepts such Offer, then Grantee shall have no right to exercise its Purchase Option at anytime during the applicable Refusal Period until the earlier of (i) the expiration of the applicable six-month Permitted Offer
Closing Period without the closing of such Conveyance, and the recordation of the deed conveying the Offer Property to the Offer Purchaser, having occurred, or (ii) the termination of the subject Offer or the purchase agreement related thereto.
Furthermore, notwithstanding any other provision contained herein to the contrary, Grantee acknowledges and agrees that, in the event the closing with respect to an Offer occurs, and such deed is so recorded, within the applicable six-month
Permitted Offer Closing Period, then this Agreement shall terminate with respect to that portion of the Property that is the subject of such closing and deed, as set forth in Subparagraph 1(b), above. 
  
 (e) During the Option Term, for so long as this Agreement is in effect,
Grantee and Grantee’s agents and designees shall have the right to enter the Property for the purposes of inspecting the Property, conducting soil tests, and making surveys, mechanical and structural engineering studies, environmental
assessments, and any other investigations and inspections as Grantee may reasonably require to assess the condition of the Property; provided, however, that such activities by or on behalf of Grantee on the Property shall not
materially damage the Property; and provided further, however, that Grantee shall indemnify and hold Grantor harmless from and against any and all claims for injury to person or damage to property, to the extent directly
resulting from the activities of Grantee or Grantee’s agents or designees on the Property, excluding, however, claims arising out of the discovery of, or the non-negligent accidental or inadvertent release of, any hazardous
materials resulting from Grantee’s investigations (unless 
  

 7 

 such hazardous materials are brought onto the Property by Grantee or Grantee’s agents, employees, consultants or
contractors). 
  
 3. PROFIT SHARING BY
GRANTOR. In the event Grantee purchases the Property pursuant to either its Right of First Refusal or the Purchase Option set forth herein and thereafter sells the Property such that the closing of such sale and the recordation of the deed
in connection therewith occur within twelve (12) months after the Closing or the Option Closing, as the case may be, then concurrently with the closing of such sale, Grantee shall pay to Grantor one-half of the difference between (A) the sales price
payable in connection with such closing (whether payable in cash, as a note, or otherwise), net of reasonable and customary closing costs, prorations, and brokerage commissions payable by Grantor at such closing, less (B) the price paid by Grantee
to Grantor for the Property and any out of pocket costs and expenses incurred or paid by Grantee in acquiring the Property. 
  
 4. GRANTOR RIGHT TO DEVELOP. Notwithstanding any other provision contained herein to the contrary, Grantor and Grantee acknowledge
and agree that, subject to the terms of this Section 4, Grantor shall have the right at any time to develop the Property for its own use or sell the Property to a third party for the purposes of the development of the Property in connection with a
bona fide sale/lease back transaction by Grantor (collectively referred to as a “Grantor Development Transaction”). For purposes of Section 1 hereof, any Grantee Development Transaction shall not be deemed to constitute an Offer or a
Conveyance and Grantee’s Right of First Refusal shall not apply to any such transaction. In the event Grantor desires to pursue a Grantor Development Transaction, Grantor shall provide notice of such election to Grantee (a “Grantor
Development Notice”). In the event any remaining portion of the Adjacent Parcel remains a developable lot at the time such Grantor Development Notice is given to Grantee, Grantor shall grant to Grantee a right of first refusal and purchase
option to such portion of the Adjacent Parcel as Grantee shall so elect (provided that the remainder of the Adjacent Parcel, if any, remains a developable lot as determined by Grantor in its reasonable discretion) pursuant to the terms and
conditions set forth in the second succeeding paragraph of this Section 4. 
  
 Commencing on the date on which Grantee is deemed to have received such Grantor Development Notice, Grantee may not exercise its Purchase Option with respect to the Property until the earlier of (i) nine (9)
months after such date, or (ii) where Grantor is entering into a sale/leaseback transaction with a third party, the date on which the purchase and sale agreement or similar agreement with respect to the Grantor Development Transaction terminates (in
the event of any such termination, Grantor shall immediately give written notice thereof to Grantee); provided, however, upon the occurrence of either of (x) the consummation of the purchase and sale of the Property by such third party and the
entering into of a binding lease back agreement between Grantor and such third party within such nine-month period, or (y) in the event Grantor develops the Property for its own use, the completion of final plans and specifications for the
subject building to be developed by Grantor on the Property and the breaking of ground on the subject Property in connection with such development within such nine-month period shall automatically and forever terminate the Right of First
Refusal and the Purchase Option set forth in this Agreement with respect to the Property (but not any such right and option granted with respect to any other portion of the Adjacent Parcel). In the event of the termination of Grantee’s Right of
First Refusal and Purchase Option as to the 
  

 8 

 Property pursuant to the above provisions, Grantee shall execute and deliver to Grantor such documents of release as are
reasonable and necessary to remove the encumbrance of this Agreement from the Property as may be reasonably requested by Grantor. 
  
 The right of first refusal and purchase option granted on such other portion of the Adjacent Parcel, if any, pursuant to clause (ii) of the final sentence
of the first paragraph of this Section 4 shall be on the same terms and conditions as set forth in this Agreement with respect to the Property, except that the purchase option price shall be equal to $463,997.25 multiplied by the number of acres in
the tract so selected by Grantee. Furthermore, Grantor shall enter into a written agreement with Grantee evidencing such new right of first refusal and purchase option, which agreement shall be in substantially the form hereof and reasonably
acceptable to Grantee, including a short form thereof to be recorded in the Official Records of the Clerk of Superior Court of Fulton County, Georgia. In the event that Grantee again becomes entitled to exercise its Right of First Refusal and
Purchase Option with respect to the Property after the expiration of the aforesaid nine-month period or after the date on which the purchase and sale agreement or similar agreement with respect to the Grantor Development Transaction terminates, as
set forth in the preceding paragraph of this Section 4 and Grantor confirms the same, in writing, to Grantee, then the right of first refusal and purchase option granted on such other portion of the Adjacent Parcel, if any, shall terminate, and
Grantee shall execute and deliver to Grantor such documents of release as are reasonable and necessary to remove the encumbrance of such right of first refusal and purchase option from the such other portion of the Adjacent Parcel as may be
reasonably requested by Grantor. If such right of first refusal and purchase option granted on such other portion of the Adjacent Parcel, if any, is exercised by Grantee with respect to such portion of the Adjacent Parcel prior to Grantee so again
becoming entitled to exercise its Right of First Refusal and Purchase Option with respect to the Property, then the Right of First Refusal and Purchase Option with respect to the Property shall terminate. 
  
 5. ASSIGNMENT. This Agreement and the Right of First
Refusal and Purchase Option may be assigned by Grantee only with the prior written consent of Grantor; provided, however, that Grantee may assign this Agreement and the Right of First Refusal and Purchase Option without the prior written consent of
Grantor to Grantee’s successor-in-interest in connection with any merger, consolidation, restructuring, sale of substantially all of the assets of Grantee involved in the operation of the business then located in the Office Building Property,
or similar transaction. 
  
 6. SHORT FORM OF
AGREEMENT. Grantee and Grantor agree to execute and deliver a short-form of this Agreement for recording in the real property records of Fulton County, Georgia in order to place of record and give notice to third parties of the Right of
First Refusal and the Purchase Option. The form of such short-form of this Agreement shall be as set forth on Exhibit “C” attached hereto. It is understood that such short-form of this Agreement shall be for purposes of recordation
only and shall not in any way modify or amend or otherwise affect this Agreement. 
  
 7. NOTICE. All notices and other communications hereunder shall be in writing and shall be deemed to have been given and received only if and when (i) personally delivered, or (ii) when delivered
(and receipted for) by an overnight delivery service, or (iii) when sent by facsimile or telecopier machine, provided that such facsimile or telecopier machine generates a 
  

 9 

 written confirmation of transmission and such notice or other communication is, on the same day as the day of such
transmission, also given to the recipient party by one of the methods specified in clause (i) or (ii), above. In all cases, such notices and other communications shall be addressed as follows: 
  

	 If to the Grantor to:
	 	Radiant Systems, Inc.	 	 
	 	 	3925 Brookside Parkway	 	 
	 	 	Alpharetta, Georgia 30022	 	 
	 	 	Attention: Chief Executive Officer	 	 
	 	 	Facsimile: (770) 360-7325	 	 
			
	 with a copy in like manner to:
	 	Smith, Gambrell & Russell, LLP	 	 
	 	 	Promenade II, Suite 3500	 	 
	 	 	1230 Peachtree Road	 	 
	 	 	Atlanta, Georgia 30309-3592	 	 
	 	 	Attention: Arthur Jay Schwartz, Esq.	 	 
	 	 	Facsimile: (404) 685-6932	 	 
			
	 If to the Grantee to:
	 	Wave Enterprise Systems, Inc.	 	 
	 	 	3905 Brookside Parkway	 	 
	 	 	Alpharetta, Georgia 30022	 	 
	 	 	Attention: Erez Goren, Chief Executive Officer	 	 
	 	 	Facsimile: (770) 360-7448	 	 
			
	 with a copy in like manner to:
	 	Kilpatrick Stockton LLP	 	 
	 	 	1100 Peachtree Street, N.E.	 	 
	 	 	Suite 2800	 	 
	 	 	Atlanta, Georgia 30309	 	 
	 	 	Attention: Larry D. Ledbetter	 	 
	 	 	Facsimile: (404) 541-3276	 	 
	 	 	and	 	 
	 	 	Attention: Bruce D. Wanamaker	 	 
	 	 	Facsimile: (404) 541-3437	 	 

  
 The Grantor, on the
one hand, and the Grantee, on the other hand, may change the address(es) for the giving of notices and communications to it, as the case may be, and/or copies thereof, by written notice to the other party in conformity with the foregoing, which
change of address shall only be effective upon receipt of such written notice by such other party. 
  
 8. GOVERNING LAW. This Agreement and the rights and obligations of the parties hereto shall be governed by and construed according to
the laws of the State of Georgia. 
  
 9. ENTIRE
AGREEMENT. This Agreement constitutes the entire agreement between the parties relating to the terms and conditions of the Right of First Refusal and Purchase Option. This Agreement is intended as a complete and exclusive statement of the
terms and conditions of the Right of First Refusal and the Purchase Option and supersedes all prior and concurrent promises, representations, negotiations, discussions and agreements that may have 
  

 10 

 been made in connection with the subject matter hereof. No modification or amendment of this Agreement shall be binding
upon the parties unless such modification or amendment is in writing and signed by Grantee and Grantor. 
  
 10. EFFECT OF AGREEMENT. Notwithstanding any provision to the contrary set forth herein, nothing contained herein, express or
implied, is intended to, nor shall it: (i) confer on any person or entity other than the parties hereto and their respective heirs, legal representatives, successors or assigns, any rights, remedies, obligations or liabilities under or by reason of
this Agreement, or (ii) constitute the parties hereto partners or participants in a joint venture. This Agreement shall run with the land which comprises the Property and no conveyance, transfer or encumbrance of such land shall defeat or adversely
affect this Agreement. Accordingly, this Agreement shall be binding on Grantor and Grantor’s successors and assigns and on Grantor’s successors-in-title with respect to the Property. 
  
 11. SEVERABILITY. In the event any provision of this
Agreement is determined to be invalid, prohibited or unenforceable, the remaining provisions of this Agreement shall remain in full force and effect without regard to such invalidity, prohibition or unenforceability. 
  
 12. TIME OF ESSENCE. Time is of the essence of this
Agreement. 
  
 13. ACKNOWLEDGEMENT OF PRE-EXISTING
RIGHTS. Notwithstanding any other provision contained herein to the contrary, Grantee acknowledges and agrees that Grantee’s Right of First Refusal and Purchase Option are subject and subordinate to the rights of Duke in and to the
Property and Entire Parcel (the “Duke ROFR”) as granted by Grantor pursuant to that certain Third Amendment to Lease Agreement by and between Grantor and Duke relating to the Office Building Property dated as of December
            , 2001. This Section 13 shall not affect the obligation of Grantor to pay Grantee any portion of the sales price payable in connection with any exercise of the Duke ROFR, as set
forth in Section 1(b), above. 
  

 11 

 IN WITNESS WHEREOF, the parties hereto, acting through their duly authorized officers, have
executed this Agreement as of the day and year first above written. 
  

	
	 GRANTOR:
  
 RADIANT SYSTEMS, INC.,
a Georgia corporation
  
 By:                                      
                                        
                  
 Title:                                     
                                        
               
 [Corporate Seal]

	
	 GRANTEE:
  
 WAVE ENTERPRISE SYSTEMS, INC.,
a Georgia corporation
  
 By:                                      
                                        
                  
 Title:                                     
                                        
               
 [Corporate Seal]

	 

  
  

 12 

 EXHIBIT “A” 
  
 ATTACH LEGAL DESCRIPTION OF PROPERTY 
  

 EXHIBIT “B” 
  
 ATTACH LEGAL DESCRIPTION OF ENTIRE PARCEL 
  

 EXHIBIT “C” 
  
 AFTER RECORDING, RETURN TO: 
 Thomas A.
Spillman, Esquire 
 Suite 3100, Promenade II 
 1230 Peachtree
Street 
 Atlanta, Georgia 30309-3592 
  
 SHORT FORM RIGHT OF FIRST REFUSAL AND PURCHASE OPTION 
  
 THIS SHORT FORM OF RIGHT OF FIRST REFUSAL AND PURCHASE OPTION (this “Short Form Agreement”) made effective as of
            , 2003, by and between RADIANT SYSTEMS, INC., a Georgia corporation (hereinafter referred to as “Seller”) and WAVE ENTERPRISE SYSTEMS, INC., a Georgia
corporation (hereinafter referred to as “Purchaser”); 
  
 W I T N E S S E T H : 
  
 In consideration of the mutual covenants and agreements herein contained and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, Seller and Purchaser hereby agree as follows: 
  
 1. Property. Subject to the terms and conditions of that certain Right of First Refusal and Purchase Option Agreement between the parties hereto, dated of even date herewith (the “Agreement”), all of
which terms and conditions are incorporated herein by reference, Seller has granted and by these presents does hereby grant to Purchaser and Purchaser has accepted, and by these presents does hereby accept from Seller, a right of first refusal and
purchase option to purchase that certain parcel of improved real property located in Fulton County, Georgia, the same being more particularly described on Exhibit “A” attached hereto and by reference made a part hereof (the
“Property”). Such right of first refusal and purchase option shall expire and terminate on February 28, 2013, subject to earlier termination pursuant to the terms and provisions of the Agreement. 
  
 2. Incorporation of Right of First Refusal and Purchase Option. The
provisions set forth in the Agreement are hereby incorporated into this Short Form Agreement as if set out in full herein. Nothing contained herein is intended to or does change or modify any of the terms or provisions of the Agreement, or the
rights, duties, obligations, conditions and agreements created thereby, all of which remain in full force and effect. In the event of any conflict or inconsistency between the terms of this Short Form Agreement and the terms of the Agreement, the
terms of the Agreement shall govern and control for all purposes. 
  
 3. Miscellaneous. This Short Form Agreement is intended to be a Georgia contract and shall be so construed. All capitalized terms used herein shall have the same meaning designated for such terms as in the Agreement. 
  

 1 

 IN WITNESS WHEREOF, the parties hereto have caused this Short Form Agreement to be executed under seal,
as of the date first above written. 
  

	 Signed, sealed and delivered in the presence of:
	 	 	 	 	 	 SELLER:
  
 RADIANT SYSTEMS, INC., a Georgia corporation

				
	
 Witness
	 	 	 	 	 	 By:

				
	
 Notary Public
	 	 	 	 	 	 Title:

	 	 	 	 	 	 	 
	[AFFIX NOTARIAL SEAL & STAMP]	 	 	 	 	 	[Corporate Seal]

  

	 Signed, sealed and delivered in the presence of:
	 	 	 	 	 	 PURCHASER:
  
 WAVE ENTERPRISE SYSTEMS, INC., a Georgia corporation

				
	
 Witness
	 	 	 	 	 	 By:

				
	
 Notary Public
	 	 	 	 	 	 Title:

	 	 	 	 	 	 	 
	[AFFIX NOTARIAL SEAL & STAMP]	 	 	 	 	 	[Corporate Seal]

  

 2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00057-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00057-of-00352.parquet"}]]