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Exhibit 10.4  

 
 

COMMON STOCK SUBSCRIPTION AGREEMENT    
    

        This Common Stock Subscription Agreement ("Agreement") is made as of April 29, 2003 by and among Axonyx Inc., a Nevada corporation, with its
executive offices at 500 Seventh Ave., 10th Floor, New York, New York 10018 (the "Issuer") and Mr. Karsten Behrens, Assessor jur., Grasserstr. 10, 80339 Munich, Germany (the
"Subscriber"). 

WITNESSETH: 

        WHEREAS,
the Issuer and the Subscriber have signed an Investor Relations Agreement, dated March 3, 2003 (the "Investor Relations Agreement") pursuant to which Issuer undertakes to
compensate Subscriber by issuing 40,000 shares of common stock as consideration for the investment banking and investor relations services to be performed under the Investor Relations Agreement; and 

        WHEREAS,
the Board of Directors of the Issuer passed a resolution dated March 17, 2003 that the Subscriber shall be issued 40,000 shares of the Issuer's common stock, par value
$0.001 (the "Shares") in compensation for the services to be rendered to the Issuer by the Subscriber under the terms of the Investor Relations Agreement; and 

        WHEREAS,
the Issuer and Subscriber have agreed that 20,000 of the 40,000 Shares to be issued pursuant to the Investor Relations Agreement will be issued on the date hereof and the
remaining Shares will be issued on May 31, 2003. 

        NOW
THEREFORE, in consideration of the premises and mutual covenants contained herein and other good and valuable consideration, the receipt of which are hereby acknowledged, the parties
agree as follows: 

I.    Agreement to Subscribe; Purchase Price.  

        1.1    Subscription.    The undersigned hereby subscribes for 40,000 Shares, to be issued in
two separate tranches each consisting of 20,000 Shares and in accordance with Section 2.1 below. 

        1.2    Sale and Issuance of Common Stock.    Subject to the terms and conditions hereof, at each Closing the Issuer
will issue to the Subscriber at the Closing (as defined below), 20,000 Shares with a value of $1.00 per Share. 

II.    Closing Date; Delivery, Restrictive Legend.

        2.1    Closing Date.    Each closing of the purchase and sale of the Shares hereunder (the "Closing") shall be held at
the offices of the Issuer on or at such other time and place upon which the Issuer and the Subscriber shall agree (each, a "Closing Date"). 

        2.2    Delivery.    At each Closing, the Issuer will, upon request by the Subscriber, deliver to the Subscriber a
certificate or certificates registered in the Subscriber's name, representing 20,000 Shares to be issued on the Closing Date. 

        2.3    Restrictive Legend.    Each certificate representing (i) the Shares and (ii) any other securities
issued in respect of such Shares or upon any stock split, stock dividend, recapitalization, merger, conversion, consolidation or similar event relating to the Shares, shall be stamped or otherwise
imprinted with a legend in the following form (in addition to any legend required under applicable state securities laws) until such legend is no longer required under applicable securities laws: 

THESE
SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE "SECURITIES ACT") OR UNDER APPLICABLE STATE SECURITIES LAWS AND MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE 

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DISPOSED
OF UNLESS REGISTERED UNDER THE SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AVAILABLE EXEMPTIONS FROM SUCH REGISTRATION, PROVIDED THAT THE SELLER DELIVERS TO THE
COMPANY AN OPINION OF COUNSEL (WHICH OPINION IS REASONABLY SATISFACTORY TO THE COMPANY) CONFIRMING THE AVAILABILITY OF SUCH EXEMPTION. 

III.    Representations and Warranties of the Subscriber.

        The
Subscriber, except as set forth herein, represents and warrants to the Issuer with respect to the purchase of the Shares as follows: 

        3.1    The
Subscriber is an "accredited investor", as defined in Regulation D promulgated under the Securities Act. 

        3.2    The
Subscriber (i) has adequate means of providing for its current financial needs and possible contingencies, and has no need for liquidity of investment in the
Issuer, (ii) can afford to hold unregistered securities for an indefinite period of time and sustain a complete loss of the entire amount of the subscription, and (iii) has not made an
overall commitment to investments which are not readily marketable that is so disproportionate as to cause such overall commitment to become excessive. 

        3.3    The
Subscriber agrees and understands that the Shares are being offered and sold to the Subscriber in reliance upon specific exemptions from the registration
requirements of the Securities Act and the rules and regulations promulgated thereunder and that, in order to determine the availability of such exemptions and the eligibility of the Subscriber to
acquire the Shares, the Issuer is relying upon the truth and accuracy of the Subscriber's representations and warranties, and compliance with the Subscriber's covenants and agreements, set forth in
this Agreement. The Subscriber further agrees with the Issuer that (i) no Shares were offered or sold to the Subscriber by means of any form of general solicitation or general advertising, and
in connection therewith, the Subscriber did not (1) receive or review any advertisement, article, notice or other communication published in a newspaper or magazine or similar media or
broadcast over television or radio, whether closed circuit or generally available; or (2) attend any seminar meeting or industry investor conference whose attendees were invited by any general
solicitation or general advertising. The Subscriber hereby acknowledges that the offering of the Shares has not been reviewed by the SEC or any state regulatory authority since the offering of the
Shares is intended to be exempt from the registration requirements of Section 5 of the Securities Act pursuant to Regulation D promulgated thereunder. The Subscriber understands that the
Shares have not
been registered under the Securities Act and agrees not to sell or otherwise transfer the Shares unless they are registered under the Securities Act or unless an exemption from such registration is
available. 

        3.4    The
Shares are being purchased by the Subscriber for its own account, for investment purposes only, not for the account of any other person, or corporation and not with
a view to distribution, assignment or resale to others in whole or in part. The Subscriber has no present intention of selling, granting any participation in, or otherwise distributing the Shares. The
Subscriber does not have any contract, undertaking, agreement or arrangement with any person to sell, transfer, pledge, hypothecate, grant any option to purchase or otherwise dispose of any of the
Shares. 

        3.5    The
Subscriber has been furnished with the Issuer's Annual Report on Form 10-K for the fiscal year ended December 31, 2001, as amended, and has
had access to the Issuer's SEC filings and other public filings. 

        3.6    With
respect to corporate tax and other economic considerations involved in an investment in the Shares, the Subscriber is not relying on the Issuer. The Subscriber has
carefully considered and has, to the extent the Subscriber believes such discussion necessary, discussed with its professional legal, tax, 

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accounting
and financial advisors the suitability of an investment in the Shares for its particular tax and financial situation and has determined that the Shares are a suitable investment for the
Subscriber. 

        3.7    The
Issuer has made available to the Subscriber all documents and information that the Subscriber has requested relating to an investment in the Shares. 

        3.8    Subject
to the Issuer's disclosures in this Agreement and its SEC filings, the Subscriber recognizes that the Issuer has generated only limited revenues to date, is not
expected to have any products commercially available for a number of years, if at all, and that investment in the Issuer involves substantial risks, including loss of the entire amount of such
investment and has taken full cognizance of and understands all of the risk factors relating to the purchase of the Shares. 

        3.9    The
Subscriber has not been formed for the specific purpose of acquiring the Shares. 

        3.10    This
Agreement when executed and delivered by the Subscriber will constitute a valid and legally binding obligation of the Subscriber, enforceable in accordance with
its terms, and subject to laws of general application relating to bankruptcy, insolvency and the relief of debtors and rules of law governing specific performance, injunctive relief or other equitable
remedies. 

IV.    Issuer Representations.

        4.1    Concerning the Shares and the Common Stock.    The Shares, when issued, delivered and paid for in accordance
with this Agreement, will be duly and validly authorized and issued. 

V.    Registration Rights.

        5.1    Registrable Shares.    The Shares issued pursuant to this Agreement shall be "Registrable Shares" for the
purposes of this Agreement. 

        5.2    Company Registration.

        Subject
to Section 5.5, if the Issuer proposes to register any of its common stock under the Securities Act other than a registration (A) on Form S-8 or
S-4 or any successor or similar form, (B) relating to common stock issuable upon exercise of employee shares options or in connection with any employee benefit or similar plan of
the Issuer, or (C) in connection with a public offering involving an underwriter), it will at such time, give prompt written notice at least 20 days prior to the anticipated filing date
of the registration statement (a "Registration Statement") relating to such registration to the Subscriber, which notice shall set forth the Subscribers rights under this Section 5.2 and shall
offer the Subscriber the opportunity to include in such registration statement such number of Registrable Shares as the Subscriber may request. Upon the written request of the Subscriber made within
10 days after the receipt of notice from the Issuer (which request shall specify the number of Registrable Shares intended to be disposed of by the Subscriber), the Issuer will use its
commercially reasonable efforts to effect the registration under the Securities Act of all Registrable Shares that the Issuer has been so requested to register by the Subscriber, to the extent
necessary to permit the disposition of the Registrable Shares to be so registered. 

        5.3    Covenants of the Issuer With Respect to Registration.    

        The
Issuer covenants and agrees as follows: 

        (a)   Following
the effective date of the Registration Statement under Section 5.2, the Issuer shall, upon the request of the Subscriber, forthwith supply such
reasonable number of copies of the Registration Statement, preliminary prospectus and prospectus meeting the requirements of the Securities Act, and other documents necessary or incidental to the
public offering of the Registrable Shares, as shall be reasonably requested by the Subscriber to permit the Subscriber to make a public distribution of the Registrable Shares registered in connection
with the Registration Statement. 

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        (b)   The
Issuer shall prepare and file with the SEC such amendments and supplements to such Registration Statement and the prospectus used in connection with such
Registration Statement as may be necessary to comply with the Securities Act with respect to the disposition of all securities covered by such Registration Statement during the period of time such
Registration Statement remains effective; 

        (c)   The
Issuer shall use its commercially reasonable efforts to register and qualify the securities covered by such Registration Statement under such other securities or
Blue Sky laws of such jurisdictions as shall be reasonably requested by the Subscriber; provided that the Issuer shall not be required in connection therewith or as a condition thereto to qualify to
do business or to file a general consent to service of process in any such states or jurisdictions; 

        (d)   During
the period of time such Registration Statement remains effective, the Issuer shall notify each Subscriber of Registrable Shares covered by such registration
statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act or the happening of any event as a result of which the prospectus included in such
Registration Statement, as then in effect, includes an untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein
not misleading in the light of the circumstances then existing; 

        (e)   The
Issuer shall use its commercially reasonable efforts to cause all such Registrable Shares registered hereunder to be listed on each securities exchange on which
securities of the same class issued by the Issuer are then listed; 

        (f)    The
obligations of the Issuer hereunder with respect to the Registrable Shares are subject to the Subscriber furnishing to the Issuer such appropriate information
concerning the Subscriber, the Registrable Shares and the terms of the Subscriber offering of such Registrable Shares as the Issuer may reasonably request in writing. 

        5.4    Expenses.    All expenses incurred in effecting a registration pursuant to this Agreement (including, without
limitation, all registration, qualification and filing fees, printing expenses, fees and
disbursements of counsel for the Issuer, blue sky fees and expenses) shall be borne by the Issuer. All transfer taxes, underwriting discounts and selling commissions applicable to the sale of the
Registrable Shares shall be borne by the Subscriber. 

        5.5    Suspension of Sales.    

        (a)   With
respect to the Registration Statement filed pursuant to Section 5.2, the Issuer may suspend sales of Registrable Shares under such Registration Statement for
a period of not more than forty five (45) days with respect to such Registration Statement if, at any time the Issuer is engaged in confidential negotiations or other confidential business
activities, the disclosure of which would be required if such sales were not suspended and the Board of Directors of the Issuer determines in good faith that such suspension would be in the Issuers
best interest at such time, provided that the Issuer shall not be permitted to suspend such sales for more than sixty (60) days in any twelve
(12) month period. In order to suspend sales pursuant to this Section 5.5(a), the Issuer shall promptly (but in any event within five (5) business days), upon determining to seek
such suspension, deliver to each holder of Registrable Shares a certificate signed by an executive officer of the Issuer stating that the Issuer is suspending such filing pursuant to this
Section 5.5(a) and a general statement of the reason for such suspension and an approximation of the anticipated delay. Each holder of Registrable Shares hereby agrees to keep confidential any
information disclosed to it in any such certificate (including the fact that a certificate was delivered). 

        (b)   If
the Issuer suspends such Registration Statement pursuant to Section 5.5(a) above, the Issuer shall, as promptly as practicable following the termination of the
circumstances which entitled the Issuer to do so but in no event more than fifteen (15) days thereafter, take such 

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actions
as may be necessary to file or reinstate the effectiveness of such Registration Statement and/or give written notice to the selling Subscriber authorizing them to resume sales pursuant to such
Registration Statement. If, as a result thereof, the prospectus included in such Registration Statement has been amended to comply with the requirements of the Securities Act, the Issuer shall enclose
such revised prospectus with the notice to the selling Subscriber given pursuant to this Section 5.5(b), and the selling Subscriber shall make no offers or sales of securities pursuant to such
Registration Statement other than by means of such revised prospectus. 

        5.6    Transfer or Assignment of Registration Rights.    The rights to cause the Issuer to register Registrable Shares
granted to the Subscriber by the Issuer under this Section 5 may be transferred or assigned by the Subscriber to a transferee or assignee of such Registrable Shares that (i) is a
subsidiary, parent, current or former partner, current or former limited partner, current or former member, current or former manager or stockholder of the Subscriber, (ii) is an entity
controlling, controlled by or under common control, or under common investment management, with the Subscriber, including without limitation a corporation, partnership or limited liability company
that is a direct or indirect parent or subsidiary of the Subscriber, or (iii) is a transferee or assignee of not less than 50,000 shares of Registrable Shares (as presently constituted and
subject to subsequent adjustments for stock splits,
stock dividends, reverse stock splits and the like), provided that the Issuer is given written notice at the time of or within a reasonable time after
said transfer or assignment, stating the name and address of said transferee or assignee and identifying the securities with respect to which such registration rights are being transferred or
assigned, and provided further that the transferee or assignee of such rights assumes the obligations of such Subscriber under this Section 5. 

        5.7    Reports under Exchange Act.    With a view to making available to the Subscriber the benefits of
Rule 144 promulgated under the Securities Act and any other rule or regulation of the SEC that may at any time permit the Subscriber to sell securities of the Issuer to the public without
registration, the Issuer agrees to: 

        (a)   Make
and keep public information available, as those terms are used in SEC Rule 144, at all times; 

        (b)   File
with the SEC in a timely manner all reports and other documents required of the Issuer under the Securities Act and the Exchange Act of 1934, as amended (the
"Exchange Act"); 

        (c)   Furnish
to the Subscriber, so long as the Subscriber owns any Registrable Shares, forthwith on request, (i) a written statement by the Issuer that it has complied
with the reporting requirements of SEC Rule 144, the Securities Act and the Exchange Act, (ii) a copy of the most recent annual or quarterly report of the Issuer and such other reports
and documents so filed by the Issuer, and (iii) such other information as may be reasonably requested in availing any Subscriber of any rule or regulation of the SEC that permits the selling of
any such securities without registration; and 

        (d)   Undertake
any additional actions reasonably necessary to maintain the availability of the use of Rule 144 

        5.8    Delay of Registration.    The Subscriber shall not have any right to obtain or seek an injunction restraining
or otherwise delaying any registration as the result of any controversy that might arise with respect to the interpretation or implementation of this Section 5. 

VI.    Miscellaneous

        6.1    Governing Law.    This Agreement shall be governed in all respects by the laws of the State of New York. 

        6.2    Survival.    The representations, warranties, covenants and agreements made herein shall survive any
investigation made by any party and the closing of the transactions contemplated hereby 

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        6.3    Notices.    All notices, requests, consents, demands, notice or other communication to the Issuer required or
permitted under this Agreement shall be in writing and shall be deemed duly given and received when delivered personally or transmitted by facsimile, or one business day after being deposited for
next-day delivery with a nationally recognized overnight delivery service, or three days after being deposited as first class mail with the United States Postal Services, all charges or
postage prepaid, and properly addressed: 

to
the Issuer at: 

Axonyx Inc.

500 Seventh Avenue, 10th Floor

New York, New York 10018

Fax: (212) 645-7704

Attention: President and Chief Executive Officer 

to
the Subscriber at: 

Karsten
Behrens

Grasserstrasse 10

80339 Munich,

Germany

        6.4    Successors and Assigns.    Except as otherwise provided herein, the provisions hereof shall inure to the
benefit of, and be binding upon, the successors, assigns, heirs, executors and administrators of the parties hereto; provided, however, that the rights
of the Subscriber hereunder shall not be assignable (except by operation of law or to successor by merger, acquisition or other reorganization) except pursuant to the Investor Relations Agreement. 

        6.5    Counterparts.    This Agreement may be executed in counterparts, all of which together shall constitute one and
the same instrument. 

        6.6    Entire Agreement.    This Agreement constitutes the entire agreement between the Issuer and the Subscriber with
respect to the subject matter hereof. There are no representations, warranties, covenants or undertakings with respect to the subject matter hereof other than those expressly set forth herein. This
Agreement supersedes all prior agreements between the parties with respect to the Shares purchased hereunder and the subject matter hereof. 

        IN
WITNESS WHEREOF, this Agreement has been duly executed by the Subscriber or one of its officers thereunto duly authorized as of the date set forth below. 

	Name of Subscriber:	 	Karsten Behrens
	

Exact name to appear

on stock certificate:	
 	

  

Karsten Behrens
	

Signature:	
 	

/s/  KARSTEN BEHRENS      

	

Title:	
 	

Assessor jur

	

Date:	
 	

April 30, 2003
	

Address:	
 	

Grasserstr. 10, 80339 Munich, Germany
	

    

        This
Agreement has been accepted as of the date set forth below: 

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AXONYX INC.

	By:	/s/  MICHAEL R. ESPEY      
 Michael R. Espey

Vice President and Secretary
	

Date:	

April 30, 2003

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Exhibit 10.17    
    

 
 

Change of Control Agreement    
    

        This Change of Control Agreement ("Agreement"), dated as of August 11, 2003, is made and entered into between Lawson Software, Inc., a Delaware
corporation (the "Company") and                        ("Executive"). 

 
 

Background    
    

        The Board of Directors of the Company (the "Board"), has determined that it is in the best interests of the Company and its stockholders to assure that the
Company will have the continued dedication of the Executive, notwithstanding the possibility, threat or occurrence of a Change of Control (as defined below) of the Company. The Board believes it is
imperative to diminish the inevitable distraction of the Executive by virtue of the personal uncertainties and risks created by a pending or threatened Change of Control and to encourage the
Executive's full attention and dedication to the Company currently and in the event of any threatened or pending Change of Control, and to provide the Executive with compensation and benefits
arrangements upon a Change of Control which are competitive with those of other corporations and which ensure that the compensation and benefits expectations of the Executive will be satisfied.
Therefore, in order to accomplish these objectives, the Board has caused the Company to enter into this Agreement. 

        For
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the Company and Executive, the Company and Executive agree as follows: 

 
 

Agreement    
    

        1.    Certain Definitions.    

        (a)   "Effective
Date" means the first date during the Agreement Term (as defined in Section 1(b)) on which a Change of Control (as defined in Section 1(c))
occurs. Anything in this Agreement to the contrary notwithstanding, if a Change of Control occurs and if the Executive's employment with the Company is terminated or the Executive ceases to be an
officer of the Company prior to the date on which the Change of Control occurs, and if it is reasonably demonstrated by the Executive that such termination of employment or cessation of status as an
officer (i) was at the request of a third party who has taken steps reasonably calculated to effect the Change of Control or (ii) otherwise arose in connection with or anticipation of
the Change of Control, then for all purposes of this Agreement the "Effective Date" shall mean the date immediately prior to the date of such termination of employment or cessation of status as an
officer. 

        (b)   "Agreement
Term" means the period commencing on the date hereof and ending on the fourth anniversary of such date; provided, however, that commencing on the date one
year after the date hereof, and on each annual anniversary of such date (such date and each annual anniversary thereof shall be hereinafter referred to as the "Renewal Date"), unless previously
terminated, the Agreement Term shall be automatically extended so as to terminate four years from such Renewal Date, unless at least 60 days prior to the Renewal Date the Company shall give
written notice to the Executive that the Agreement Term shall not be so extended. 

        (c)   "Change
of Control" means (1) the closing of a tender offer or exchange offer for the ownership of 50% or more of the outstanding voting securities of the
Company, (2) the Company shall have entered into a definitive agreement with respect to a tender offer, exchange offer or merger, consolidation or other business combination with another
corporation and as a result of the completion of such tender offer, exchange offer, merger, consolidation or combination less than 50% of the outstanding voting securities of the surviving or
resulting corporation are owned in the aggregate by the former stockholders of the Company, other than affiliates (within the meaning of the Securities Exchange Act of 1934, as amended (the "Exchange
Act")) of any party to such merger or consolidation, as the same shall have existed immediately prior to such merger or consolidation, (3) the Company shall have entered into a definitive
agreement to sell substantially all of its assets to another corporation which is not a direct or indirect wholly owned Subsidiary of the Company, (4) a person, within the meaning of
Section 3(a)(9) or of Section 13(d)(3) (as in effect on the date of this Agreement) of the Exchange Act, shall acquire 50% or more of the outstanding voting securities of the 

 

Company
(whether directly, indirectly, beneficially or of record) (for purposes hereof, ownership of voting securities shall take into account and shall include ownership as determined by applying the
provisions of Rule 13d-3(d)(1)(i) as in effect on the date of this Agreement) pursuant to the Exchange Act, (5) individuals who constitute the Company's Board of
Directors on the date of this Agreement (the "Incumbent Board") cease for any reason to constitute at least a majority thereof, provided that any person becoming a director subsequent to the date of
this Agreement whose election, or nomination for election by the Company's stockholders, was approved by a vote of at least 50% of the directors comprising the Incumbent Board shall be, for purposes
of this clause (5), considered as though such person were a member of the Incumbent Board, or (6) approval by the stockholders of the Company of a complete liquidation or dissolution of
the Company. 

        (d)   "Disability"
means a permanent disability as defined under any retirement plan of the Company or its Subsidiaries. 

        (e)   "Cause"
means the termination of Executive's employment initiated by the Company or its Subsidiaries because of: (1) if Executive has entered into any written and
executed contract(s) with the Company or its Subsidiaries, any material breach by Executive of such contract (as reasonably determined by the Company) and which is not or cannot reasonably be cured
within 10 days after written notice from the Company to Executive; (2) any material violation by Executive of the Company's or a Subsidiary's policies, rules or regulations (as
reasonably determined by the Company) and which is not or cannot be reasonably cured within 10 days after written notice from the Company to Executive; (3) commission of any material act
of fraud, embezzlement or dishonesty by Executive (as reasonably determined by the Company); or (4) any other intentional misconduct by Executive adversely affecting the business or affairs of
the Company or any Subsidiary in any material manner (as reasonably determined by the Company). 

        (f)    "Good
Reason" means: (1) the assignment to the Executive of any duties inconsistent in any respect with the Executive's position (including status, offices,
titles and reporting requirements), authority, duties or responsibilities in effect as of the date of this Agreement, or any diminution in such position, authority, duties or responsibilities (whether
or not occurring solely as a result of the Company ceasing to be a publicly traded entity or becoming a Subsidiary), excluding for this purpose an isolated, insubstantial and inadvertent action not
taken in bad faith and that is remedied by the Company promptly after receipt of notice thereof given by the Executive; (2) any reduction in Executive's annual base salary or annual target
incentive compensation compared with the annual base salary and annual target incentive compensation in effect for Executive for the Company's most recent fiscal year ended before the date of
termination, other than an isolated, insubstantial and inadvertent failure not occurring in bad faith and that is remedied by the Company promptly after receipt of notice thereof given by the
Executive; (3) the Company's requiring the Executive to be based at any office or location other than in the Minneapolis-St. Paul Metropolitan Area in Minnesota or the Company's
requiring the Executive to travel on Company business to a substantially greater extent than required immediately prior to the date of this Agreement; or (4) any material reduction in
Executive's executive benefits compared with the executive benefits provided by the Company to Executive during the Company's most recent fiscal year ended before the date of termination. The
Executive's mental or physical incapacity following the occurrence of an event described above in clauses (1) through (4) above shall not affect the Executive's ability to terminate
employment for Good Reason. Any determination of "Good Reason" made by the Executive under this Agreement shall be made in good faith. 

        (g)   "Subsidiary"
means any subsidiary of the Company. 

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        2.    At Will Employment.    Employee is and will continue to be an "at will" employee of the Company. The Executive
and the Company acknowledge that, except as may otherwise be provided under any other written agreement or written arrangement between the Executive and the Company, the employment of the Executive by
the Company may be terminated by either the Executive or the Company at any time prior to the Effective Date or, subject to the obligations of the Company provided for in this Agreement in the event
of a termination after the Effective Date, at any time on or after the Effective Date. Moreover, if prior to the Effective Date, (i) the Executive's employment with the Company terminates or
(ii) the Executive ceases to be an officer of the Company, then the Executive shall have no further rights under this Agreement. 

        3.    Notice of Termination.    Any termination by the Company for Cause, or by the Executive for Good Reason, or any
termination for Disability, shall be communicated by Notice of Termination to the other party hereto given in accordance with Section 9(b) of this Agreement. For purposes of this Agreement, a
"Notice of Termination" means a written notice which (i) indicates the specific termination provision in this Agreement relied upon, (ii) to the extent applicable, sets forth in
reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive's employment under the provision so indicated and (iii) if the Date of Termination (as
defined herein) is other than the date of receipt of such notice, specifies the Date of Termination (which Date of Termination shall be not more than 30 days after the giving of such notice).
The failure by the Executive or the Company to set forth in the Notice of Termination any fact or circumstance that contributes to a showing of Good Reason or Cause, respectively, shall not waive any
right of the Executive or the Company, respectively, hereunder or preclude the Executive or the Company from asserting such fact or circumstance in enforcing the Executive's or the Company's
respective rights hereunder. 

        4.    Date of Termination.    "Date of Termination" means (i) if the Executive's employment is terminated by
the Company for Cause, or by the Executive for Good Reason, or termination for Disability, the date of receipt of the Notice of Termination or any later date specified in the Notice of Termination
(which date shall not be more than 30 days after the giving of such notice), as the case may be, (ii) if the Executive's employment is terminated by the Company other than for Cause or
other than for death or Disability, the Date of Termination shall be the date on which the Company notifies the Executive of such termination and (iii) if the Executive's employment is
terminated by reason of death or Disability, the Date of Termination shall be the date of death of the Executive or the Disability effective date, as the case may be. 

        5.    Obligations of the Company upon Termination.    If at any time after the Effective Date and during the Agreement
Term, the Company or any Subsidiary terminates the Executive's employment other than for Cause, or the Executive terminates employment for Good Reason, or Executive's employment terminates for
Disability, then the following Sections 5(a) through 5(f), inclusive, shall apply: 

        (a)   Severance Payment and General Release. The Company shall pay to the Executive in a lump sum in cash within 30 days
after the Date of Termination the aggregate sum of the following amount, less applicable tax withholdings pursuant to Section 9(d): 100% of Executive's then current annual base salary (the
"Severance Payment"). Executive shall receive the Severance Payment only if Executive signs a general release of claims in the form attached to this Agreement as Exhibit A, as may be reasonably
modified to reflect applicable changes in Minnesota law or to reflect the then current laws of the then current state of residence of Executive (and the rescission period thereunder has expired).
Anything in this Agreement to the contrary notwithstanding, no Severance Payment shall be paid until completion of the rescission period identified in Exhibit A (and no Severance Payment under
this Agreement shall be payable to Executive if at the time of completion of the rescission period, Executive has exercised Executive's right of rescission described in Exhibit A). 

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        (b)   COBRA. During the four months after the Date of Termination, the Company shall pay the employer portion of the COBRA
premiums and during that time Executive shall continue to pay the active employee rate. If during that four month period, the Executive becomes covered by another medical/dental plan, the Executive
shall so notify the Company and such Company subsidy and COBRA coverage will end as of that date. After such four-month period, the Executive shall be responsible for the full COBRA
premium plus a 2% administration fee for the remainder of the COBRA election period imposed by applicable law. 

        (c)   Outplacement Services. During the eight months after the Date of Termination, the Company shall provide Executive $8,000
in after-tax value of outplacement services, through an outplacement firm selected by Executive. 

        (d)   EAP Services. During the three months after the Date of Termination, Executive may continue to access the Company's EAP
services at no charge. 

        (e)   Other Payments to Executive. Within 30 days after the Date of Termination, and not part of any severance payment
under this Agreement, the Company shall also pay the Executive in a lump sum in cash the aggregate sum of the following amounts, less applicable tax withholdings pursuant to Section 9(d),
Agreement: (1) 100% of Executive's accrued and unpaid salary, expenses (under the Company's expense reimbursement policy) and flexible time off (FTO) benefits through the Date of Termination,
plus (2) any earned and unpaid incentive compensation through the Date of Termination. 

        (f)    Executive's Ability to Holdback Payment. If any payments by the Company to Executive would otherwise result in additional
tax obligations by Executive under Section 280(g) of the Internal Revenue Code, Executive may elect at Executive's sole discretion to so notify Company in writing on a timely basis and request
that the Company reduce any payments otherwise payable under this Agreement to an amount which would not cause Executive to be subject to such tax obligation
(e.g. to put Executive in the best net after tax position). Upon receipt of such written notice, the Company will reduce such payments pursuant to
Executive's instructions and Executive will not be deemed to have received or have any rights to the amount of such reduction. 

        6.     Non-Exclusivity of Rights. Amounts which are vested benefits or which the Executive is otherwise entitled to
receive under any plan, policy, practice or program of or any written contract, agreement or arrangement with the Company or any Subsidiary at or subsequent to the Date of Termination shall be payable
in accordance with such plan, policy, practice or program or contract, agreement or arrangement, and shall not be reduced by the Severance Payment or other payments under this Agreement. 

        7.     Full Settlement; No Right of Set-Off. The Company's obligation to make the payments provided for in this
Agreement and otherwise to perform its obligations hereunder shall not be affected by any set-off, counterclaim, recoupment, defense or other claim, right or action which the Company may
have against the Executive or others. In no event shall the Executive be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to the Executive under
any of the provisions of this Agreement and such amounts shall not be reduced whether or not the Executive obtains other employment. The Company agrees to pay as incurred (within 30 days
following the Company's receipt of an invoice from the Executive), to the full extent permitted by law, all legal fees and expenses which the Executive may reasonably incur as a result of any contest
(regardless of the outcome thereof) by the Company, the Executive or others of the validity or enforceability of, or liability under, any provision of this Agreement or any guarantee of performance
thereof (including as a result of any contest by the Executive about the amount of any payment pursuant to this Agreement), plus in each case interest on any delayed payment at the applicable federal
rate provided for in Section 7872(f)(2)(A) of the Internal Revenue Code of 1986, as amended (the "Code"). 

        8.    Successors.    

        (a)   This
Agreement is personal to the Executive and without the prior written consent of the Company shall not be assignable by the Executive other than by will or the laws
of descent and distribution. This Agreement shall inure to the benefit of and be enforceable by the Executive's legal representatives. 

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        (b)   This
Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns. Except as provided in Section 8(c) of this Agreement,
this Agreement shall not be assignable by the Company. 

        (c)   The
Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or
assets of the Company to assume expressly and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken
place. As used in this Agreement, "Company" shall mean the Company as hereinbefore defined and any successor to its business and/or assets as aforesaid which assumes and agrees to perform this
Agreement by operation of law or otherwise. 

        9.    General.    

        (a)   This
Agreement shall be governed by and construed in accordance with the laws of the State of Minnesota, without reference to principles of conflict of laws. The
captions of this Agreement are not part of the provisions hereof and shall have no force or effect. This Agreement may not be amended or modified otherwise than by a written agreement executed by the
parties hereto or their respective successors and legal representatives. 

        (b)   All
notices and other communications hereunder shall be in writing and shall be given by hand delivery to the other party or by registered or certified mail, return
receipt requested, postage prepaid, addressed as follows: 

        If
to the Executive: 

        To
the most recent home address of Executive, as maintained by the Company's Human Resources Department. 

        If
to the Company: 

Lawson
Software, Inc.

380 St. Peter Street

St. Paul, Minnesota 55102

Attn: General Counsel 

or
to such other address as either party shall have furnished to the other in writing in accordance herewith. Notices and communications shall be effective when actually received by the addressee. 

        (c)   The
invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement. 

        (d)   The
Company may withhold from any amounts payable under this Agreement such federal, state, local or foreign taxes as shall be required to be withheld pursuant to any
applicable law or regulation. 

        (e)   The
Executive's or the Company's failure to insist upon strict compliance with any provision of this Agreement or the failure to assert any right the Executive or the
Company may have hereunder, including, without limitation, the right of the Executive to terminate employment for Good Reason, shall not be deemed to be a waiver of such provision or right or any
other provision or right of this Agreement. 

        (f)    This
Agreement does not amend or supersede the Employee Invention and Nondisclosure Agreement previously entered into between the Executive and the Company, or any other
written agreement or arrangement between the Company and Executive. 

        (g)   This
Agreement does not amend or terminate any stock option grants or other equity awards provided by Company to Executive under any of the Company's stock incentive
plans. 

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        IN
WITNESS WHEREOF, the Executive has hereunto set the Executive's hand and, pursuant to the authorization from its Board of Directors, the Company has caused these presents to be
executed in its name on its behalf, all as of the day and year first above written. 

	 	 	LAWSON SOFTWARE, INC.
	

 	
 	

By	
 	

 Jay Coughlan,

President and Chief Executive Officer
	

 	
 	

 	
 	

 

	 	 	Executive Name:	

	

 	
 	

 Signature

6

 
 
 

EXHIBIT A
  
  
  GENERAL RELEASE

        This
General Release is made and entered into as of the                        day
of                        ,
by                        ("Employee") and Lawson Software, Inc. ("Lawson").
 

        WHEREAS, Lawson Software, Inc. ("Lawson") and Employee are parties to a Change in Control Agreement dated August 11, 2003
(the "Agreement"); 

        WHEREAS, Employee intends to settle any and all claims that Employee has or may have against Lawson as a result of Employee's employment
with Lawson and the cessation of Employee's employment with Lawson; 

        WHEREAS, under the terms of the Agreement, which Employee agrees are fair and reasonable, Employee agreed to enter into this General
Release as a condition precedent to the Severance Payment as defined and described in the Agreement; 

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

        1.    Severance Benefits.    

	A.
	In consideration of the release set forth in Paragraph 2(B) below. Lawson agrees to provide severance pay of Ten Thousand Dollars
($10,000.00) out of the Severance Payment described in the Agreement.

	B.
	In consideration of the release set forth in Paragraph 2(A) below. Lawson agrees to provide the remaining Severance Payment and
any other payments payable under the Agreement or any other written agreement or arrangement between Employee and Lawson (or its predecessor Lawson Associates, Inc.). 

        2.    Release of Claims.    

	A.
	For the consideration expressed in Paragraph 1(B) above, Employee does hereby fully and completely release and waive any and all
claims, complaints, causes of action, demands, suits, and damages, of any kind or character, which Employee has or may have against the Releasees, as hereinafter defined, arising out of any acts,
omissions, conduct, decisions, behavior, or events occurring up through the date of Employee's signature on this General Release, including Employee's employment with Lawson and the cessation of that
employment, with the exception of possible claims under the Age Discrimination in Employment Act. For purposes of this General Release, the "Releasees" means collectively Lawson, its predecessors,
successors, assigns, parents, affiliates, subsidiaries, related companies, officers, directors, shareholders, agents, servants, auditors, attorneys, employees, and insurers, and each and all thereof. 

        Employee
understands and accepts that Employee's release of claims includes any and all possible claims, both known or unknown, asserted or unasserted, direct or indirect, including but
not limited to claims based upon: 

	(i)
	the
value of stock options that have not vested or are unexercisable pursuant to the express terms of the applicable stock option agreements, grant notices or stock
option plans;

	(ii)
	the
value of stock options previously granted to Employee and that have vested and are exercisable as of the date of termination of Employee's employment with Lawson,
but that Employee elects not to exercise and pay for before the applicable termination date of the stock options pursuant to the express terms of the applicable stock option agreements, grant notices
or stock option plans;

	(iii)
	Title
VII of the Federal Civil Rights Act of 1964, as amended;

	(iv)
	the
Americans with Disabilities Act; the Equal Pay Act; 

7

 

	(v)
	the
Fair Labor Standards Act; the Employee Retirement Income Security Act;

	(vi)
	the
Minnesota Human Rights Act; Minn. Stat. §181.81;

	(vii)
	the
Minneapolis or St. Paul Code of Ordinances; or

	(viii)
	any
other federal, state or local statute, ordinance or law. 

Employee
also understands that Employee is giving up all other claims, including those grounded in contract or tort theories, including but not limited to: wrongful discharge; violation of Minn. Stat.
§173.82; breach of contract; tortious interference with contractual relations; promissory estoppel; breach of the implied covenant of good faith and fair dealing; breach of express or
implied promise; breach of manuals or other policies; assault; battery; fraud; sexual harassment; false imprisonment; invasion of privacy; intentional or negligent misrepresentation; defamation,
including libel, slander, discharge defamation and self-publication defamation; discharge in violation of public policy; whistleblower; intentional or negligent infliction of emotional
distress; or any other theory, whether legal or equitable. 

        Employee
further understands that Employee is releasing, and does hereby release, any claims for damages, by charge or otherwise, whether brought by Employee or on Employee's behalf by
any other party, governmental or otherwise, and agrees not to institute any claims for damages via administrative or legal proceedings against any of the Releasees. Employee also waives and releases
any and all rights to money damages or other legal relief awarded by any governmental agency related to any charge or other claim against any of the Releasees. 

	B.
	For the consideration expressed in Paragraph 1(A) above, Employee does hereby fully and completely release the Releasees, as
above defined, from each and every legal claim or demand of any kind, that Employee ever had or might now have arising out of any action, conduct, or decision taking place during Employee's employment
with Lawson, asserted or unasserted, known or unknown, direct or indirect, arising under or relating to the Age Discrimination in Employment Act, as amended.

	C.
	This Release does not apply to any post-termination claim that Employee may have under the Agreement or for benefits under
the provisions of any employee benefit plan maintained by Lawson.

	D.
	Employee's release of claims shall not apply to any claims Employee might have to indemnification under Delaware law, any other
applicable statute or regulation, or Lawson's Certificate of Incorporation or Bylaws. 

        3.    Rescission.    Employee has been informed of Employee's right to rescind this General Release by written notice
to Lawson within fifteen (15) calendar days after the execution of this General Release. Employee has been informed and understands that any such rescission must be in writing and delivered by
hand, or sent by mail within the 15-day time period to Lawson's General Counsel, Lawson Software, 380 St. Peter Street, St. Paul, MN 55102. If delivered by mail, the rescission must be:
(1) postmarked within the applicable period and (2) sent by certified mail, return receipt requested. 

        Employee
understands that Lawson will have no obligations under the General Release in the event a notice of rescission by Employee is timely delivered. 

        4.    Acceptance Period; Advice of Counsel.    The terms of this General Release will be open for acceptance by
Employee for a period of 21 days, during which time Employee may consider whether or not to accept this General Release. Employee agrees that changes to this General Release, whether material
or immaterial, will not restart this acceptance period. Employee is hereby advised to seek the advice of an attorney regarding this General Release, at Employee's expense. 

        5.    Binding Agreement.    This General Release shall be binding upon, and inure to the benefit of, Employee and
Lawson and their respective successors and permitted assigns. 

8

 

        6.    Representation.    Employee hereby acknowledges and states that Employee has read this General Release. Employee
further represents that this General Release is written in language which is understandable to Employee, that Employee fully appreciates the meaning of its terms, and that Employee enters into this
General Release freely and voluntarily. 

        7.    Non-Admission.    It is understood and agreed that this General Release does not constitute an
admission by Lawson of any liability, wrongdoing, or violation of any law. Further, Lawson expressly denies any wrongdoing of any kind whatsoever in its actions and dealings with Employee. 

        8.    Confidentiality.    Employee agrees to keep the terms and existence of this General Release strictly
confidential in accordance with the confidentiality provisions of the Agreement. 

        9.    Continuing Obligations.    Employee acknowledges and agrees to his continuing obligations under the Agreement. 

        10.    Savings Clause.    If any provision of this Release is determined later to be unenforceable or illegal, other
than the provisions contained in Paragraph 2 above, the remaining provisions shall remain in full force and effect. If the release contained in Paragraph 2(A) is held to be void or
unenforceable in any respect, this entire General Release shall be voidable at Lawson's option. Nothing in this General Release is intended to or shall be construed as entitling Lawson to abrogate or
require tender back of the severance payment of Paragraph 1(A) relating to the enforcement of Paragraph 2(B). 

        11.    Amendments.    No amendment or modification of this General Release shall be deemed effective unless made in
writing and signed by Employee and Lawson, and approved by the Board of Directors of Lawson. 

	 	 	EMPLOYEE
	

 	
 	

Signature	

 
	 	 	 	

	

 	
 	

Printed Name	

 
	 	 	 	

	

 	
 	

Date	
 	

	

 	
 	

LAWSON SOFTWARE, INC.
	

 	
 	

By	
 	

	

 	
 	

Title	
 	

	

 	
 	

Date	
 	

9

QuickLinks

Exhibit 10.17

Change of Control Agreement

Background

Agreement

EXHIBIT A GENERAL RELEASE

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