Document:

Tax Disaffiliation Agreement

  
 Exhibit 10.3

  
 TAX DISAFFILIATION AGREEMENT 
  
 TAX DISAFFILIATION AGREEMENT, dated as of January 31, 2004, by and between
Radiant Systems, Inc., a Georgia corporation (“Radiant”), and Wave Enterprise Systems, Inc., a Georgia corporation (“Enterprise”). 
  
 RECITALS 
  
 A. Radiant is the common parent of an “affiliated group” of corporations within the meaning of Section 1504(a) of the Internal Revenue Code of
1986, as amended (the “Code”), that has filed consolidated federal income tax returns. 
  
 B. Enterprise is a wholly owned subsidiary of Radiant. 
  
 C. Pursuant to the Separation Agreement, dated as of January 31, 2004, by and between Radiant and Enterprise (the “Separation Agreement”),
Radiant will contribute (or cause its Subsidiaries to contribute) the Enterprise Business (as defined herein), the Enterprise Assets (as defined herein) and cash to Enterprise, and Enterprise will assume the “Enterprise Liabilities” (as
defined herein) (such transactions, the “Enterprise Formation Transactions”). Immediately after the Enterprise Formation Transactions, Radiant shall own all of the issued and outstanding common stock of Enterprise (the “Enterprise
Stock”), which represents the only class of stock of Enterprise outstanding. 
  
 D. Pursuant to the Share Exchange Agreement, dated as of October 10, 2003, by and between Radiant and Erez Goren, an individual and resident of the State of Georgia (the “Share Exchange Agreement”), Radiant
will distribute all of the Enterprise Stock to Erez Goren, immediately after the Enterprise Formation Transactions, in exchange for up to 2,000,000 shares of common stock, no par value, of Radiant (the “Radiant Common Stock”) held by Erez
Goren (the “Exchange” and, together with the Enterprise Formation Transactions, the “Separation Transactions”). 
  
 E. Radiant and Enterprise intend that the Separation Transactions will qualify as a reorganization described in Section 368(a)(1)(D) of the Code and that
the Exchange will qualify as a distribution described in Section 355 of the Code. 
  
 F. Radiant and Enterprise desire to set forth their rights and obligations with respect to taxes due for periods before and after the Separation Date (as defined herein). 
  
 NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
  
 ARTICLE I. 
  
 DEFINITIONS

  
 1.01 “Affiliate” shall mean any Person that
directly or indirectly through one or more intermediaries Controls, is Controlled by, or is under common Control with a specified Person. 
  

 1.02 “Agreement” shall mean this Tax Disaffiliation Agreement between Radiant and
Enterprise as the same may be amended from time to time. 
  
 1.03
“Applicable Federal Rate” shall have the meaning set forth in Section 1274(d) of the Code, compounded quarterly. 
  
 1.04 “Code” shall have the meaning set forth in the Recitals. 
  
 1.05 “Control” or “Controlled” shall mean, with respect to any Person, the presence of one
of the following: (i) the legal, beneficial or equitable ownership, directly or indirectly, of more than 50% (by vote or value) of the capital or voting stock (or other ownership or voting interest, if not a corporation) of such Person or (ii) the
ability, directly or indirectly, to direct the voting of a majority of the directors of such Person’s board of directors or, if the Person does not have a board of directors, a majority of the positions on any similar body, whether through
appointment, voting agreement or otherwise. 
  
 1.06
“Controlling Party” shall have the meaning set forth in Section 5.01. 
  
 1.07 “Enterprise” shall have the meaning set forth in the preamble to this Agreement. 
  
 1.08 “Enterprise Assets” shall have the meaning set forth in the Separation Agreement. 
  
 1.09 “Enterprise Business” shall have the meaning set forth
in the Separation Agreement. 
  
 1.10 “Enterprise
Formation Transactions” shall have the meaning set forth in the Recitals. 
  
 1.11 “Enterprise Group” shall mean Enterprise and all entities that are Subsidiaries of Enterprise at any time following the Separation. 
  
 1.12 “Enterprise Liabilities” shall have the meaning set forth in the Separation Agreement. 
  
 1.13 “Enterprise Stock” shall have the meaning set forth in
the Recitals. 
  
 1.14 “Enterprise Tainting Act”
shall mean (a) any breach of any written representation or covenant relating to the qualification of the Separation Transactions as a reorganization described in Section 368(a)(1)(D) of the Code or relating to the qualification of the Exchange as a
transaction described in Section 355 of the Code, which representation or covenant is made by Erez Goren on behalf of Enterprise in that certain certificate of even date herewith that was provided to King & Spalding LLP in connection with the
tax opinion of King & Spalding LLP described in the Share Exchange Agreement, or (b) any action or actions of or involving any Person (other than Radiant or any Person that is an Affiliate of Radiant immediately before or immediately after such
action or actions), or any omission or omissions of any Person (other than Radiant or any Person that is an Affiliate of Radiant immediately before or immediately after such omission or omissions), of an action or actions available to it, after the
Separation Date, if such breach, action or omission described in (a) or (b) contributes to a Final Determination that 

  

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the Separation Transactions result in the recognition of income or gain to the Radiant Group by virtue of (i) the Separation Transactions failing to qualify
as a reorganization under Section 368(a)(1)(D) of the Code, (ii) the Exchange failing to qualify as a transaction described in Section 355 of the Code or (iii) any stock or securities of Enterprise failing to qualify as “qualified
property” within the meaning of Sections 355(c)(2) and 361(c)(2) of the Code, including by reason of the application of Section 355(e) of the Code. 
  
 1.15 “Exchange” shall have the meaning set forth in the Recitals. 
  
 1.16 “Final Determination” shall mean with respect to any issue (a) a decision, judgment, decree or other
order by any court of competent jurisdiction, which decision, judgment, decree or other order has become final and not subject to further appeal, (b) a closing agreement whether or not entered into under Section 7121 of the Code or any other binding
settlement agreement (whether or not with the Internal Revenue Service) entered into in connection with or in contemplation of an administrative or judicial proceeding, or (c) the completion of the highest level of administrative proceedings if a
judicial contest is not or is no longer available. 
  
 1.17
“Indemnitor” shall have the meaning set forth in Section 5.02. 
  
 1.18 “Person” shall mean any individual, partnership, joint venture, corporation, limited liability company, trust, unincorporated organization, government or department or agency of a government.

  
 1.19 “Post-Separation Period” shall mean any
taxable year or other taxable period beginning on or after the Separation Date and, in the case of any taxable year or other taxable period that begins before and ends after the Separation Date, that part of the taxable year or other taxable period
that begins after the close of the Separation Date. 
  
 1.20
“Pre-Separation Period” shall mean any taxable year or other taxable period that ends on or before the Separation Date and, in the case of any taxable year or other taxable period that begins before and ends after the Separation
Date, that part of the taxable year or other taxable period through the close of the Separation Date. 
  
 1.21 “Radiant” shall have the meaning set forth in the preamble to this Agreement. 
  
 1.22 “Radiant Common Stock” shall have the meaning set forth
in the Recitals. 
  
 1.23 “Radiant Group” shall
mean Radiant and all entities that are Subsidiaries of Radiant at any time following the Separation. 
  
 1.24 “Radiant Tainting Act” shall mean (a) any breach of any written representation or covenant relating to the qualification of the
Separation Transactions as a reorganization described in Section 368(a)(1)(D) of the Code or relating to the qualification of the Exchange as a transaction described in Section 355 of the Code, which representation or covenant is made by Radiant in
that certain certificate of even date herewith that was provided to King & Spalding LLP in connection with the tax opinion of King & Spalding LLP described in the Share Exchange Agreement, or (b) any action or actions of or involving any
Person (other than 

  

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Enterprise, Erez Goren, or any other Person that is an Affiliate of Enterprise immediately before or immediately after such action or actions), or any
omission or omissions of any Person (other than Enterprise, Erez Goren, or any other Person that is an Affiliate of Enterprise immediately before or immediately after such omission or omissions), of an action or actions available to it, after the
Separation Date, if such breach, action or omission described in (a) or (b) contributes to a Final Determination that the Exchange results in the recognition of income or gain to Erez Goren by virtue of the Exchange failing to qualify as a
transaction described in Section 355 of the Code. 
  
 1.25
“Restructuring Taxes” means any Taxes resulting from the Separation Transactions including, but not limited to, any Taxes imposed pursuant to or as a result of Section 311 of the Code or Sections 1.1502-13 or 1.1502-19 of the
Treasury Regulations (or any corresponding or similar provisions of state, local or non-U.S. Tax law) and any sales or other transfer Taxes or similar charges imposed with respect to the transfer of the Enterprise Assets and Enterprise Liabilities
to Enterprise; provided, however, that “Restructuring Taxes” shall not include any Taxes imposed as a result of a Final Determination that (x) the Separation Transactions failed to qualify as a reorganization under Section
368(a)(1)(D), (y) the Exchange failed to meet the requirements of Section 355 of the Code, or (z) any stock or securities of Enterprise failed to qualify as “qualified property” within the meaning of Sections 355(c)(2) and 361(c)(2) of the
Code, including by reason of the application of Section 355(e) of the Code. 
  
 1.26 “Separation Agreement” shall have the meaning set forth in the Recitals. 
  
 1.27 “Separation Date” shall mean the date on which the Separation Transactions are consummated. 
  
 1.28 “Separation Transactions” shall have the meaning set
forth in the Recitals. 
  
 1.29 “Share Exchange
Agreement” shall have the meaning set forth in the Recitals. 
  
 1.30 “Subsidiary” shall mean a corporation, limited liability company, partnership, joint venture or other business entity if 50% or more of the outstanding equity or voting power of such entity is owned directly or
indirectly by the corporation with respect to which such term is used. 
  
 1.31 “Tax” or “Taxes”, whether used in the form of a noun or adjective, shall mean all forms of taxation, whenever created or imposed, including, but not limited to, taxes on or measured by income,
franchise, gross receipts, sales, use, excise, payroll, personal property (tangible or intangible), real property, ad-valorem, value-added, leasing, leasing use or other taxes, levies, imposts, duties, charges or withholdings of any nature whether
imposed by a nation, locality, municipality, government, state, federation, or other governmental body (a “Taxing Authority”). Whenever the term “tax” or “taxes” is used (including, without limitation, in the context of
any duty to reimburse another party or indemnify for taxes or refunds or credits of taxes) it shall include penalties, fines, additions to tax and interest thereon. 
  
 1.32 “Taxing Authority” shall have the meaning set forth in the foregoing definition of the term
“Tax.” 
  

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 1.33 “Tax Returns” shall mean all reports, returns, information statements,
questionnaires or other documents required to be filed or that may be filed for any period with any Taxing Authority (whether domestic or foreign) in connection with any Tax or Taxes (whether domestic or foreign). 
  
 ARTICLE II. 
  
 TAX RETURNS, TAX PAYMENTS AND TAX SHARING OBLIGATION 
  
 2.01 OBLIGATIONS TO FILE TAX RETURNS. Radiant shall timely file or cause to be filed all Tax Returns with respect to the
Enterprise Group that (a) are filed on a consolidated, combined or unitary basis, (b) include Enterprise or any of its Subsidiaries and Radiant or any of its Subsidiaries, and (c) are required to be filed (i) for any Pre-Separation Period or (ii)
for any taxable year or period of the Radiant Group that begins before and ends after the Separation Date. Enterprise shall timely file or cause to be filed any other Tax Return with respect to the Enterprise Group. 
  
 2.02 OBLIGATION TO REMIT TAXES. Radiant and Enterprise shall each remit or
cause to be remitted any Taxes due in respect of any Tax for which it is required to file a Tax Return or which is otherwise due to any Taxing Authority and shall be entitled to reimbursement for such payments only to the extent provided in Sections
2.03 and 2.04. 
  
 2.03 TAX SHARING OBLIGATIONS AND PRIOR
AGREEMENTS. 
  
 (a) Other than liabilities dealt
with elsewhere in this Agreement, Enterprise shall be liable for and shall indemnify and hold the Radiant Group harmless against, on a net after Tax basis, any Tax liability of any member of the Enterprise Group, and of any member of the Radiant
Group to the extent that such liability is attributable to the assets, employees, or transactions of the Enterprise Business, for (i) any Post-Separation Period and (ii) any taxable year or period that begins before and ends after the Separation
Date in respect of the Post-Separation Period. Enterprise shall be entitled to any refund of or credit for Taxes of the Enterprise Group or amounts owed by Enterprise or for which Enterprise is responsible under this Section 2.03(a). 
  
 (b) Other than liabilities dealt with elsewhere in this
Agreement, Radiant shall be liable for and shall indemnify and hold the Enterprise Group harmless against, on a net after Tax basis, any Tax liability of any member of the Radiant Group, and of any member of the Enterprise Group to the extent that
such liability is not attributable to the assets, employees, or transactions of the Enterprise Business, for (i) any Post-Separation Period and (ii) any taxable year or period that begins before and ends after the Separation Date in respect of the
Post-Separation Period. In addition, other than liabilities dealt with elsewhere in this Agreement, Radiant shall be liable for and shall hold the Enterprise Group harmless against any Tax liability of any member of the Radiant Group, and of any
member of the Enterprise Group, for (i) any Pre-Separation Period and (ii) any taxable year or period that begins before and ends after the Separation Date in respect of the Pre-Separation Period. Radiant shall be entitled to any refund of or credit
for Taxes for any periods that are attributable to the Radiant Group or amounts owed by Radiant or for which Radiant is responsible under this Section 2.03(b). 
  

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 (c) Except as set forth in this Section 2.03 and in consideration of the mutual
indemnities and other obligations of this Agreement, any and all prior Tax sharing agreements or practices between any member of the Radiant Group and any member of the Enterprise Group shall be terminated with respect to the Enterprise Group as of
the Separation Date. 
  
 2.04 RESTRUCTURING TAXES; OTHER TAXES
RELATING TO THE SEPARATION TRANSACTIONS. 
  
 (a)
RESTRUCTURING TAXES. Notwithstanding any other provision of this Agreement to the contrary, Radiant shall pay, and shall indemnify and hold harmless Enterprise and any member of the Enterprise Group from and against, on a net after Tax basis, any
Restructuring Taxes and any reasonable expenses (including, but not limited to, attorney’s fees) incurred in defending any audit or examination with respect to Restructuring Taxes. 
  
 (b) INDEMNIFICATION FOR ENTERPRISE TAINTING ACTS. Enterprise covenants that neither Enterprise nor any
member of the Enterprise Group shall commit or be party to or the subject of any Enterprise Tainting Act which alone would result in any Tax or liability described in the following sentence and payable by Radiant. To the extent that any member of
the Radiant Group would not have been liable for the following amounts but for an Enterprise Tainting Act, Enterprise shall pay, and shall indemnify and hold harmless the Radiant Group from and against, on a net after Tax basis, any liability of any
member of the Radiant Group for Taxes (together with any reasonable expenses (including, but not limited to, attorney’s fees) incurred in defending against any such liability) resulting from a Final Determination that the Separation
Transactions failed to meet the requirements of Sections 355 or 361 of the Code for nonrecognition of income or gain by the Radiant Group, including, without limitation, by reason of (x) any stock or securities of Enterprise failing to qualify as
“qualified property” within the meaning of Sections 355(c)(2) or 361(c)(2) of the Code or (y) the application of Section 355(e) of the Code to the Separation Transactions. 
  
 (c) INDEMNIFICATION FOR RADIANT TAINTING ACTS. Radiant covenants that neither Radiant nor any member of the
Radiant Group shall commit or be party to or the subject of any Radiant Tainting Act which alone would result in any Tax or liability described in the following sentence and payable by Erez Goren. To the extent that Erez Goren would not have been
liable for the following amounts but for a Radiant Tainting Act, Radiant shall pay, and shall indemnify and hold harmless Erez Goren from and against, on a net after Tax basis, any liability of Erez Goren for Taxes (together with any reasonable
expenses (including, but not limited to, attorney’s fees) incurred in defending against any such liability) resulting from a Final Determination that the Separation Transactions failed to meet the requirements of Section 355 of the Code for
nonrecognition of gain by Erez Goren. Erez Goren shall be a third party beneficiary of this Section 2.04(c) and shall be entitled to enforce this provision. 
  
 2.05 PERIOD THAT INCLUDES THE SEPARATION DATE. 
  
 (a) To the extent permitted by law or administrative practice, the taxable year of the Enterprise Group shall be treated as closing at the
close of the Separation Date. 
  

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 (b) If it is necessary for purposes of this Agreement to determine the Tax liability of
any member of the Enterprise Group for a taxable year or period that begins on or before and ends after the Separation Date and is not treated under Section 2.05(a) as closing at the close of the Separation Date, the determination shall be made, in
the case of Taxes that are based upon income or receipts, by assuming that the relevant taxable period ended at the close of the Separation Date, except that any exemptions, allowances or deductions that are calculated on an annual basis shall be
apportioned on a time basis. In the case of Taxes that are imposed on a periodic basis, are payable for a taxable period that includes (but does not end on) the Separation Date, and are not based upon or related to income or receipts, the portion of
such Tax that relates to the Pre-Separation Period shall be deemed to be the amount of such Tax for the entire taxable period multiplied by a fraction the numerator of which is the number of days in the taxable period ending on the Separation Date
and the denominator of which is the number of days in the entire taxable period. 
  
 ARTICLE III. 
  
 CARRYBACKS

  
 3.01 Without the consent of Radiant, which shall not be
withheld or delayed unreasonably, no member of the Enterprise Group shall carry back any net operating loss or other Tax attribute (unless required to carry back such loss or Tax attribute by law) from a Post-Separation Period to a Pre-Separation
Period. Provided that Radiant consents to the carryback or if the carryback is required by law, Radiant (or any other member of the Radiant Group receiving such refund) shall promptly remit to Enterprise any refunds it receives with respect to any
such carryback. Any refund of Taxes resulting from any such carryback by a member of the Enterprise Group shall be payable to Enterprise as provided in Section 2.03(a). For purposes of this Article III, it shall be deemed reasonable for Radiant to
withhold its consent to any carryback to the extent that Radiant determines in good faith that such carryback will cause an actual increase in the Taxes for which the Radiant Group is responsible or will cause an actual reduction in the amount of
any refund of Taxes payable to the Radiant Group. 
  
 ARTICLE IV.

  
 PAYMENTS 
  
 4.01 PAYMENTS. Payments due under this Agreement shall be made no later than
thirty (30) days after the receipt or crediting of a refund, the delivery of notice of payment of a Tax for which the other party is responsible under this Agreement, or the delivery of notice of a Final Determination which results in such other
party becoming obligated to make a payment hereunder to the other party hereto. Payments due hereunder, but not made within such 30-day period, shall be accompanied with interest at a rate equal to the Applicable Federal Rate from the due date of
such payment. 
  
 4.02 NOTICE. Radiant and Enterprise shall give
each other prompt written notice of any payment that may be due to the provider of such notice under this Agreement. 
  

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 ARTICLE V. 
  
 TAX AUDITS 
  
 5.01 GENERAL. Except as provided in Section 5.02, each of Enterprise and Radiant shall have sole responsibility for all audits or other proceedings
(“Tax Controversies”) with respect to Tax Returns that it is required to file under Section 2.01 (the “Controlling Party”). Except as provided in Section 5.02(c) or Section 5.02(d), the Controlling Party shall have the sole right
to contest the audit or proceeding and to employ advisors of its choice. 
  
 5.02 INDEMNIFIED CLAIMS. 
  
 (a) Radiant or Enterprise shall promptly notify the other in writing as soon as practicable after receipt by such party of any written communication from a relevant Taxing Authority that proposes adjustment to a Tax
Return that may result in liability of the other party (the “Indemnitor”) under this Agreement (a “Proposed Tax Adjustment”). If the Indemnitor is not also the Controlling Party, the Controlling Party shall provide the Indemnitor
with information about the nature and amounts of the Proposed Tax Adjustments. 
  
 (b) The Indemnitor shall have 30 days after receipt of such notice from the Controlling Party within which to object to the Proposed Tax
Adjustment. If the Indemnitor does not notify the Controlling Party within such 30 day period that it objects to the Proposed Tax Adjustment, Section 5.02(c) and Section 5.02(d) below shall not apply, and the Controlling Party shall have exclusive
control over all stages of the Tax Controversy, including full authority to determine whether and in what manner to contest or compromise the Proposed Tax Adjustment. 
  
 (c) If the Indemnitor notifies the Controlling Party that it objects to a Proposed Tax Adjustment, then the
Controlling Party shall not thereafter consent to the adjustment or compromise of such Proposed Tax Adjustment without the consent of the Indemnitor, but shall cooperate with the Indemnitor to resolve the Proposed Tax Adjustment on a basis
acceptable to the Indemnitor. Prior to the issuance of any notice raising a Proposed Tax Adjustment or similar stage in the proceedings, however, the Controlling Party shall be responsible for the conduct of the audit, including matters pertaining
to such Proposed Tax Adjustment. The Controlling Party shall notify the Indemnitor in advance of any conferences, meetings, and proceedings pertaining to the audit and, at its own expense, the Indemnitor shall have the right to attend all such
proceedings with any Taxing Authority, the subject matter of which is or includes such Proposed Tax Adjustment. 
  

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 (i) Upon the issuance of a notice of proposed adjustment or similar stage in the
proceedings, the Indemnitor shall assume the conduct of all further proceedings, with counsel selected by it, at the Indemnitor’s sole expense, insofar as the proceedings relate to a Proposed Tax Adjustment, and thereafter the Indemnitor and
the Controlling Party shall jointly be responsible for the conduct of proceedings to contest such Proposed Tax Adjustment. 
  
 (ii) In the event that the Controlling Party receives a notice of deficiency from the Internal Revenue Service, or a similar notice from
any other Taxing Authority, and such notice includes one or more Proposed Tax Adjustments, then: 
  
 (A) upon receiving a written request from the Indemnitor, given no later than a date reasonably necessary to permit preparation and
timely filing of a petition in the United States Tax Court for redetermination of the deficiency relating to the Proposed Tax Adjustment, or a court of similar jurisdiction with respect to a Proposed Tax Adjustment imposed by any other Taxing
Authority, the Controlling Party shall timely file such petition (at the Indemnitor’s sole expense); or 
  
 (B) If (1) the Indemnitor does not request the Controlling Party to file a petition for redetermination of the deficiency pursuant to
subsection 5.02(c)(ii)(A) hereof, (2) the Indemnitor requests that the Controlling Party file a claim for refund of Taxes relating to a Proposed Tax Adjustment, and (3) the Indemnitor provides the Controlling Party with sufficient funds to pay the
deficiency relating to the Proposed Tax Adjustment, then the Controlling Party (at the Indemnitor’s sole expense) shall file a claim for refund thereof and, if the claim is denied, bring an action in a court of competent jurisdiction seeking
such refund. 
  
 (C) In the event that a
judgment of the United States Tax Court or other court of competent jurisdiction results in an adverse determination with respect to the Proposed Tax Adjustment, then the Indemnitor shall have the right to cause the Controlling Party to appeal from
such adverse determination at the Indemnitor’s sole expense. 
  
 (D) The Indemnitor and its representatives, at the Indemnitor’s sole expense, shall be entitled to the extent permitted by law to participate in (1) all conferences, meetings, or proceedings with any Taxing
Authority, the subject matter of which is a Proposed Tax Adjustment, and (2) all appearances before any court, the subject matter of which is a Proposed Tax Adjustment. The right to participate referred to in this subsection 5.02(c)(ii)(D) hereof
shall include the submission and content of documentation, memoranda of fact and law and briefs, the conduct of oral arguments or presentations, the selection of witnesses, and the negotiation of stipulations of fact with respect to a Proposed Tax
Adjustment. 
  
 (d) If a notice of proposed
adjustment raises both one or more issues that would result in Taxes for which the Controlling Party is liable under this Agreement in addition to one or more issues that constitute Proposed Tax Adjustments for which any other party is liable under
this Agreement, then the Controlling Party and the Indemnitor shall cooperate with each other to allow each party to conduct the Tax Controversy with respect to those issues that would 

  

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result in Taxes for which such party is liable under this Agreement. Each party shall bear the expense of conducting the Tax Controversy with respect to the
issues that would result in Taxes for which such party is liable under this Agreement. 
  
 ARTICLE VI. 
  
 COOPERATION

  
 6.01 Radiant and Enterprise shall cooperate with each other in
the filing of any Tax Returns and the conduct of any audit or other proceeding and each shall execute and deliver such powers of attorney and make available such other documents as are reasonably necessary to carry out the intent of this Agreement.
Each party agrees to notify the other party in writing of any audit adjustments which do not result in Tax liability but can be reasonably expected to affect Tax Returns of the other party, or any of its Subsidiaries, for a Post-Separation Period.
Unless and until there has been a Final Determination to the contrary, each party agrees to treat the Separation Transactions as a reorganization qualifying under Section 368(a)(1)(D) of the Code and the Exchange as a transaction qualifying under
Section 355 of the Code. 
  
 ARTICLE VII. 
  
 RETENTION OF RECORDS; ACCESS 
  
 7.01 The Radiant Group and the Enterprise Group shall (a) in accordance with
their then current record retention policy, retain records, documents, accounting data and other information (including computer data) necessary for the preparation and filing of all Tax Returns in respect of Taxes of the Radiant Group or the
Enterprise Group for any Pre-Separation Period or for the audit of such Tax Returns; and (b) give to the other reasonable access to such records, documents, accounting data and other information (including computer data) and to its personnel
(insuring their cooperation) and premises, for the purpose of the review or audit of such Tax Returns to the extent relevant to an obligation or liability of a party under this Agreement. At any time after the Separation Date that the Enterprise
Group proposes to destroy such material or information, they shall first notify the Radiant Group in writing and the Radiant Group shall be entitled to receive such materials or information proposed to be destroyed. At any time after the Separation
Date that the Radiant Group proposes to destroy such material or information, they shall first notify the Enterprise Group in writing and the Enterprise Group shall be entitled to receive such materials or information proposed to be destroyed.

  
 ARTICLE VIII. 
  
 TERMINATION OF LIABILITIES 
  
 8.01 Notwithstanding any other provision in this Agreement, any liabilities
determined under this Agreement shall not terminate any earlier than the expiration of the applicable statute of limitation for such liability. All other covenants under this Agreement shall survive indefinitely. 
  

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 ARTICLE IX. 
  
 DISPUTE RESOLUTION; MISCELLANEOUS PROVISIONS 
  
 9.01 To the extent not inconsistent with any specific term of this Agreement, Article V (Dispute Resolution) and Sections 6.3 (Counterparts), 6.6
(Notices), 6.7 (Waivers), 6.8 (Amendments), 6.9 (Successors and Assigns), 6.11 (Subsidiaries), 6.12 (Parties in Interest), 6.13 (Titles and Headings), 6.14 (Governing Law), and 6.15 (Severability) of the Separation Agreement shall apply in relevant
part to this Agreement. 
  

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

			
	RADIANT SYSTEMS, INC. 
		
	By:	 	/s/    MARK E. HAIDET         
	 	 	

	 Name:
	 	Mark E. Haidet
	 Title:
	 	Chief Financial Officer

  
 Witness: 
  

			
		
	 	 	/s/     RICHARD G. GREENSTEIN        
	 	 	

	 Name:
	 	Richard G. Greenstein

  

			
	WAVE ENTERPRISE SYSTEMS, INC. 
		
	By:	 	/s/    EREZ GOREN        
	 	 	

	 Name:
	 	Erez Goren
	 Title:
	 	Vice President

  
 Witness: 
  

			
		
	 	 	/s/    BRUCE WANAMAKER        
	 	 	

	 Name:
	 	Bruce Wanamaker

  

 - 12 -Employee Benefits Agreement

  
 Exhibit 10.4

  
 EMPLOYEE BENEFITS AGREEMENT 
  
 BY AND BETWEEN 
  
 RADIANT SYSTEMS, INC. 
  
 AND 
  
 WAVE ENTERPRISE SYSTEMS, INC. 
  

Dated as of January 31, 2004 
  

  
 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	  	9
	 4.3
	  	Bonuses	  	10
	 4.4
	  	Paid Time Off	  	11
	 4.5
	  	Severance/Separation Pay	  	11
	 4.6
	  	Immigration Matters	  	11
	 4.7
	  	Enterprise 401(k) Plan	  	11
		
	 Article 5 General
	  	12
	 5.1
	  	Sharing of Participant Information and Access to Information	  	12
	 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	  	14
	 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
	  	eInterpretation	  	17

  

					
	 	  	 	  	Page

	 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 31st day of January, 2004, 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 even date herewith (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. From time to time after the Closing Date, to the extent that Radiant is required to pay any expenses or premiums which are associated
with the provision of benefits to Enterprise Employees with respect to their participation in the Radiant Plans during the Benefit Transition Period, Enterprise shall reimburse Radiant for its proportionate share of such expenses or premiums, such
reimbursement to be made within 30 days of the receipt from Radiant of an invoice documenting such expenses or premiums. 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 

  

 7 

 
adopt the Enterprise Mirror Plans for the benefit of Transferred Individuals and other Enterprise Employees. 
  
 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, Enterprise shall be solely
responsible for all costs and expenses of administering compliance and providing coverage (which may be coverage under the Radiant Plans as provided in Section 2.2 during the Benefit Transition Period) 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. 
  
 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 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 

  

 8 

 
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 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 

  

 9 

 
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 and
Commissions 
  
 As of the Closing Date, Radiant shall be
responsible for (i) all earned but unpaid bonuses to be paid to Transferred Individuals for periods preceding the quarter in which the Closing Date occurs, (ii) all earned but unpaid commissions that are directly related to revenue recognized by
Radiant to be paid to Transferred Individuals for periods preceding the quarter in which the Closing Date occurs and (iii) all earned but unpaid commissions to be paid to Transferred Individuals that are directly related to revenue recognized by
Radiant during the month ended January 31, 2004. Enterprise shall assume liability for and shall be solely responsible for all bonuses to be paid to Transferred Individuals for the quarter in which the Closing Date occurs and for all periods
thereafter. Enterprise shall assume liability for and shall be solely responsible for all commissions to be paid to Transferred Individuals which are not directly related to revenue recognized by Radiant during the month ended January 31, 2004 and
shall assume liability for and shall be solely responsible for all commissions to be paid to Transferred Individuals for all periods after the Closing Date. The amount of the quarterly bonuses and commissions to be paid by Radiant to Transferred
Individuals pursuant to this Section 4.3 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 or such earlier time as mutually agreed to
by the parties (the “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. 
  
 Radiant shall remain responsible for (i) all commissions that would otherwise
be due and payable to Radiant employees before, on or after the Closing Date, and (ii) all bonuses 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; provided, however, that any portions of bonuses to be paid by Radiant to those Radiant employees that are assigned to the TotalFinaElf account (which individuals currently consist of one
Radiant Client Management Director and one Consulting Director) and which are directly related to the TotalFinaElf contract will be reimbursed by Enterprise to Radiant within 30 days of the receipt by Enterprise of notice from Radiant detailing the
calculation of such bonus, the portion attributable to the TotalFinaElf contract and confirmation of the payment of the bonus. Any bonus plan to be implemented for a Radiant employee assigned to the TotalFinaElf account for which Radiant will seek
reimbursement pursuant to this paragraph shall be mutually agreed upon by the parties in advance of the implementation of such plan and the calculation of any such bonus shall be approved by Enterprise prior to the payment of such bonus by Radiant.

  

 10 

 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 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 the terms of the Enterprise 401(k) Plan and 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. 
  

 11 

 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 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 

  

 12 

 
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. 
  
 (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. 
  

 13 

 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 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 

  

 14 

 
parties, shall be deemed to create any relationship between the parties other than the relationship set forth herein. 
  
 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 VI 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: Richard G. Greenstein 
 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 
  
 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 
  

 16 

 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:	 	/s/    MARK E. HAIDET        
	 	 	

	 Name:
	 	Mark E. Haidet
	 Title:
	 	Chief Financial Officer

  

			
	WAVE ENTERPRISE SYSTEMS, INC.
		
	By:	 	/s/    EREZ GOREN        
	 	 	

	 Name:
	 	Erez Goren
	 Title:
	 	Vice President

  

 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 January 31, 2004 by and between Radiant Systems, Inc., a
Georgia corporation, (“Radiant”) and Wave Enterprise Systems, Inc., a Georgia corporation (“Enterprise”). 
  
 WHEREAS, Radiant maintains the Radiant Systems, Inc. 401(k) Profit Sharing Plan (the “Radiant 401(k) Plan”); 
  
 WHEREAS, the Radiant 401(k) Plan is subject to a favorable determination
letter from the Internal Revenue Service dated January 21, 1993; 
  
 WHEREAS, Enterprise maintains the Enterprise 401(k) Plan (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 will be (or 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-2

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