Document:

Exhibit 10.22

 Exhibit 10.22 
  
 FIRST AMENDMENT TO AMENDED AND RESTATED REVOLVING CREDIT 
 AGREEMENT DATED DECEMBER 22, 2003, AMONG ROYSTER-CLARK, INC., 
 CERTAIN SUBSIDIARIES OF ROYSTER-CLARK, INC.,
VARIOUS FINANCIAL 
 INSTITUTIONS, U.S. BANK NATIONAL ASSOCIATION, as the Administrative Agent, and a 
 Collateral Agent, and THE CIT GROUP/BUSINESS CREDIT, INC., as a Collateral Agent, 
  
 and 
  
 SUPPLEMENT AMENDING THE BORROWER PLEDGE AND SECURITY AGREEMENT 
 AND SUBSIDIARY PLEDGE AND SECURITY AGREEMENT 
  
 This First Amendment to Amended and Restated Revolving Credit Agreement and Supplement Amending the Borrower Pledge and Security Agreement and Subsidiary Pledge and Security Agreement (collectively, this
“Amendment”) is made as of March 26, 2004 between Royster-Clark, Inc. a Delaware corporation (hereinafter referred to as “Borrower”), Royster-Clark Resources LLC, a Delaware limited liability company, Royster-Clark
Agribusiness, Inc. (f/k/a IMC AgriBusiness, Inc.), a Delaware corporation, Royster-Clark Nitrogen, Inc. (f/k/a IMC Nitrogen Company), a Delaware corporation, (individually a “Co-Borrower” and collectively, the
“Co-Borrowers”), and the various financial institutions signatory hereto (being at least the Required Lenders with respect to paragraphs 1 through 7 and 11 and 12 hereof, and being all of the Lenders with respect to paragraphs 8, 9
and 10 hereof). 
  
 RECITAL 
  
 With respect to the Amended and Restated Revolving Credit Agreement between
Borrower, the Co-Borrowers and the Lenders dated December 22, 2003 (as amended, replaced, restated and/or supplemented from time to time, the “Credit Agreement”) and other Loan Documents, Borrower and the Co-Borrowers have requested
that the Lenders amend and modify the Credit Agreement and other Loan Documents with respect to certain terms, Borrower and the Co-Borrowers have requested that the Lenders waive compliance with certain covenants under the Credit Agreement and other
Loan Documents, Borrower and the Co-Borrowers have requested that the Lenders consent to the release of certain Collateral in accordance with the Credit Agreement, and the Lenders are willing to do these things on the terms and conditions herein
contained. Except as defined herein, all capitalized terms used in this Amendment shall have meaning assigned to them in the Credit Agreement and other Loan Documents. 
  
 NOW THEREFORE, in consideration of the foregoing and of the terms and conditions contained in the Credit Agreement and this
Amendment and of any loans or other financial accommodations heretofore, now or hereafter made to or for the benefit of Borrower and the Co-Borrowers by the Lenders, Borrower, the Co-Borrowers and the Lenders agree as follows: 
  
 1. The parties acknowledge that the Credit Agreement and the other Loan
Documents make an incorrect reference to one of the Co-Borrowers as Royster-Clark Resources, LLC. The parties agree that each and every reference in the Credit Agreement and the other Loan Documents to Royster-Clark Resources, LLC shall be deemed a
reference to the correct name of this Co-Borrower, Royster-Clark Resources LLC. 

 2. The last two sentences of Section 4.12 of the Credit Agreement, Bank Products Obligations
Subordinate, shall be amended to read as follows: 
  
 Notwithstanding the terms of this Section 4.12, any other terms of this Agreement or any terms of any other Loan Document, the Agent shall first apply payments and proceeds of collateral to any charge-backs, payments pursuant to any
avoidance claims or any other loss, overdraft, or shortfall with respect to the deposit accounts maintained with the Agent or any other Lender as required by Section 7.1.9, to the extent that the funds that are the subject of such
charge-backs, payments pursuant to any avoidance claims or any other loss, overdraft, or shortfall have been previously paid or applied by the Agent to the Obligations. In the event that such payments and proceeds of collateral are insufficient to
cover such charge-backs, payments pursuant to any avoidance claims or any other loss, overdraft, or shortfall, then the Agent or any other Lender shall be indemnified for the resulting loss in the manner provided for in Section 9.1.

  
 3. The last paragraph of Section 2.1 of the Borrower
Pledge and the Security Agreement and the last paragraph of Section 2.1 Subsidiary Pledge and Security Agreement, shall, in each case, be amended to read as follows: 
  
 Notwithstanding the foregoing, “Collateral” shall not include (a) equipment, machinery,
furnishings, furniture, or fixtures (or any general intangibles or other rights described in clauses (e), (f) and (g) above directly relating to the use and possession of any of the foregoing and of any real property of the
Grantor), including all parts thereof and all accessions, additions, attachments, improvements, substitutions and replacements thereto and therefor and all accessories related thereto, in which the holders of the First Mortgage Notes have previously
been granted a security interest, or (b) any general intangibles or other rights described in clause (e) above (and all products, rents, issues, profits, returns, income and proceeds thereof) arising under any licenses, permits or leases
described in such clause as to which the grant of a security interest would constitute a violation of a valid and enforceable restriction in favor of a third party on such grant, unless and until and only to the extent any required consents shall
have been obtained, provided, however, that the Administrative Agent shall at all times have a lien on, and nothing contained herein shall be deemed to exclude from the term “Collateral”, products, rents, issues, profits, returns, income
and proceeds of the Collateral described in the foregoing clause (b). The Grantor agrees to use its reasonable efforts to obtain any such required consent. 
  
 4. ITEM 6.8 – Existing Subsidiaries, of Schedule I-2 to Amended and Restated Revolving Credit Agreement shall be amended to add: 

 
 8. 100% partnership interest in Petersburg Agri-Terminal
Associates, a Virginia general partnership. 
  

 2 

 5. Section 7.1.4 of the Credit Agreement, Insurance, shall be amended as follows: In
subsection (a), the phrase “A+ Best Rating” shall be amended to read “A- Best Rating”. 
  
 6. Borrower and the Co-Borrowers acknowledge the possible existence of the following Event of Default. The failure to list the 100% partnership interest
in Petersburg Agri-Terminal Associates, a Virginia general partnership, in ITEM 6.8 – Existing Subsidiaries, of Schedule I-2 to Amended and Restated Revolving Credit Agreement, on December 22, 2003, may have caused the representation and
warranty of Borrower and the Co-Borrowers set forth in Section 6.8 of the Credit Agreement, Subsidiaries, to be incorrect in a material respect, which, if true, would constitute an Event of Default listed in Section 8.1.2 of the
Credit Agreement, Breach of Warranty, (the “Subsidiary Disclosure Default”). Borrower and the Co-Borrowers acknowledge the existence of the following Event of Default. Since December 22, 2003, some of the companies providing
property insurance to one or more of Borrower and the Co-Borrowers have either an A or an A- Best Rating in violation of Section 7.1.4 of the Credit Agreement, Insurance (the “Insurance Default”). Borrower and the
Co-Borrowers acknowledge the existence of the following Event of Default. For several days after December 22, 2003, one or more of Borrower and the Co-Borrowers made deposits of cash collateral exceeding $250,000 into accounts that did not meet the
requirements of Section 4.4(c) of the Borrower Pledge and Security Agreement and the Subsidiary Pledge and Security Agreement, respectively, which constitutes an Event of Default listed in Section 8.1.3 of the Credit Agreement,
Non-Performance of Certain Covenants and Obligations, (the “Deposit Account Default”). Borrower and the Co-Borrowers represent and warrant to the Lenders that the use of deposit accounts for the deposit of cash collateral
that do not meet the requirements of Section 4.4(c) of the Borrower Pledge and Security Agreement and the Subsidiary Pledge and Security Agreement, respectively, has ceased and that the Deposit Account Default is no longer continuing. The
Lenders shall and do hereby waive the Subsidiary Disclosure Default, the Insurance Default and the Deposit Account Default. Notwithstanding the foregoing waiver, it is expressly understood and agreed that the Lenders shall have the right at all
times hereafter to require strict performance by Borrower and the Co-Borrowers of all terms of the Credit Agreement or any other Loan Document, including without limitation, the terms of the Credit Agreement and the other Loan Documents referred to
above, that the Lenders do not waive, affect or diminish any right, power or remedy of the Lenders under the Credit Agreement or any other Loan Document except as expressly set forth herein, and that except as expressly set forth herein, the Credit
Agreement and each other Loan Document shall continue in full force and effect in accordance with their respective terms. 
  
 7. As used in this Amendment, the term “Marker Intellectual Property” shall mean the property held (i) as licensee or otherwise under Patent
Nos. 5,859,349 and 5,994,621; and (ii) as licensee to the Vigoro trademark and all dealer and customer lists for sales of goods associated or identified with the Vigoro trademark associated with the seed products. The Marker Intellectual Property is
Collateral securing the Obligations. In order to obtain the loan that will give rise to the Vendor Debt, that Borrower is allowed to incur in accordance with subsection (o) of Section 7.2.2 of the Credit Agreement, Indebtedness, the
Joint Marketing Vendor requires an exclusive first priority security interest in the Marker Intellectual Property and Borrower has requested a release of the Marker Intellectual Property for this purpose. Borrower and the Co- 
  

 3 

 Borrowers hereby represent and warrant to the Lenders that the aggregate book value of the Marker Intellectual Property
is $2,960,000 (the “MIP Book Value”). In accordance with clause (ii) of subsection (b) of Section 10.1 of the Credit Agreement, Waivers, Amendments, etc, the Agent shall, at the request of Borrower and with the consent
of the Required Lenders, release collateral (in addition to collateral released in accordance with Section 7.2.9 of the Credit Agreement) with an aggregate book value not to exceed $5,000,000 during any fiscal year of Borrower, provided that
a reasonably equivalent amount of cash proceeds is generated and paid to the Lenders as Net Disposition Proceeds. The Required Lenders shall and do hereby consent to the release of the Marker Intellectual Property. It is acknowledged that the
Collateral Agents shall continue to require that the Vendor Debt be as set forth in written agreements and related documents reasonably satisfactory to the Collateral Agents (including subordination or intercreditor agreements as may be reasonably
required by the Collateral Agents), and that pursuant thereto, but not by way of limitation, the Collateral Agent shall require that the Joint Marketing Vendor disclaim any right to Inventory or Receivables, or the proceeds thereof, whether by way
of an interest in the Marker Intellectual Property or by way of right of setoff, and shall require that the Joint Marketing Vendor subordinate its rights in the Marker Intellectual Property to the license therein held by the Agent under the terms of
the Borrower Pledge and Security Agreement and Subsidiary Pledge and Security Agreement for the purpose of liquidating inventory (which license shall not be released by the Agent). 
  
 8. Notwithstanding the terms of clause (ii) of subsection (b) of Section 10.1 of the Credit Agreement, Waivers,
Amendments, etc, a reasonably equivalent amount of cash proceeds from the release of the Marker Intellectual Property shall not be required to be generated and paid to the Lenders as Net Disposition Proceeds. For purposes of clarification, and
notwithstanding the terms of subsection (d) of Section 7.2.9 of the Credit Agreement, Asset Dispositions, etc, the parties acknowledge and agree that the grant of a security interest in the Marker Intellectual Property to the Joint
Marketing Vendor shall not be treated as a Disposition of the Marker Intellectual Property, with the understanding that any subsequent foreclosure or sale of the Marker Intellectual Property pursuant to that grant of security interest would be a
Disposition of the property to the extent of such foreclosure or sale. Nonetheless, and even though no proceeds of the Vendor Debt are being paid to the Lenders as Net Disposition Proceeds, in the event of such subsequent Disposition, Borrower shall
not be required to prepay the Loans pursuant to the terms of Section 3.1.1 and Section 3.1.2 of the Credit Agreement and as contemplated by the terms of subsection (d) of Section 7.2.9 of the Credit Agreement, such required
prepayment being hereby waived. 
  
 9. In order to amend the
definition of Seasonal Period, subsection (a) of the definition of Net Asset Value as set forth in Section 1.1 of the Credit Agreement, Defined Terms, shall be amended to read as follows: 
  
 (a) with respect to Accounts, as reflected on the books of
Borrower and the Co-Borrowers in accordance with GAAP, an amount equal to (i) 80% of the book value of all Eligible Accounts which are Regular Accounts (provided that during the months of September, October, November and December (the
“Seasonal Period”) the advance rate shall be 85%), plus (ii) 70% of all Eligible Accounts which are Crop Term Accounts (provided that (A) the advance rate 
  

 4 

 during the Seasonal Period shall be 75% and (B) the aggregate amount of such Crop Term Accounts shall be
limited, before applying the relevant advance rate, to $100,000,000), less (iii) all credits, discounts, allowances (and net of all unissued credits in the form of competitive allowances or otherwise) and other reserves deemed appropriate by the
Agent; and 
  
 10. Royster-Clark Resources LLC desires to swap an
unimproved one acre parcel of real property it owns in Prince George County, Virginia, for another unimproved one acre parcel presently owned by Andrews-Joyner Iron Works, Inc. (the “Land Swap”). In order to accomplish the Land Swap
the Agent will be required to release the property to be conveyed from the Deed of Trust in favor of the Agent for the ratable benefit of the Lenders. On the condition that the property to be received in the Land Swap be added to the Deed of Trust
covering property to be conveyed in the Land Swap, and notwithstanding the terms of clause (ii) of subsection (b) of Section 10.1 of the Credit Agreement, Waivers, Amendments, etc, the Lenders consent to the release of the property to
be conveyed in the Land Swap and agree that a reasonably equivalent amount of cash proceeds from the release of the property to be conveyed in the Land Swap shall not be required to be generated and paid to the Lenders as Net Disposition Proceeds.

  
 11. A new Section 6.5 shall be added to the Borrower
Pledge and the Security Agreement and the Subsidiary Pledge and Security Agreement (which shall supercede Section 4 of each Trademark Security Agreement), to read as follows: 
  
 SECTION 6.5. License Grant. Upon an Event of Default, the Grantor grants to the Administrative Agent
for its benefit and for the benefit of each Secured Party, and the Administrative Agent accepts for the term of this Agreement, an exclusive world-wide royalty-free license to use the Trademark Collateral and the Patent Collateral on or in
connection with the marketing, distribution and sale of Inventory subject to the terms of the Credit Agreement. The Administrative Agent shall have no right to grant sublicenses under this grant; provided, however, that Administrative
Agent may grant a sublicense to an Affiliate. The grant to the Administrative Agent of the exclusive license to use the Trademark Collateral and the Patent Collateral as provided herein shall not, however, prohibit the Grantor from continuing to use
the Trademark Collateral and the Patent Collateral on or in connection with the marketing, distribution and sale of Inventory subject to the terms of the Credit Agreement. 
  
 12. To induce the Agent, the Collateral Agents and the Lenders to enter into this Amendment, Borrower and the Co-Borrowers
acknowledge and agree that they have no actual or potential claim or cause of action against the Agent, the Collateral Agents and the Lenders relating to any Loan Documents or any actions or events occurring on or before the date hereof. Borrower
and the Co-Borrowers waive and release any right to assert same. 
  
 13. Incorporation of Credit Agreement and other Loan Documents. The parties hereto agree that this Amendment shall be an integral part of the Credit Agreement and other Loan Documents, and that all of the terms set forth therein are hereby
incorporated in this 
  

 5 

 Amendment by reference, and that all terms of this Amendment are hereby incorporated into said Credit Agreement and other
Loan Documents, as if made an original part thereof. All of the terms and conditions of the Credit Agreement and other Loan Documents, which are not modified in this Amendment, shall remain in full force and effect. To the extent the terms of this
Amendment conflict with the terms of the Credit Agreement and other Loan Documents, the terms of this Amendment shall control. 
  
 {SIGNATURE PAGES TO FOLLOW} 
  

 6 

 [Signature Page to First Amendment to Amended and Restated Revolving Credit Agreement and Supplement Amending the
Borrower Pledge and Security Agreement and Subsidiary Pledge and Security Agreement Dated as of March 26, 2004] 
  
 IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the day and year first hereinabove written. 
  

			
	 BORROWER
  

ROYSTER-CLARK, INC., Borrower
 1251 Avenue of the Americas
 9th Floor, Suite 900 New
York,
 New York 10020

		
	 By:
	 	/s/    Paul M. Murphy        
	 	 	

	 	 	Paul M. Murphy
	 Its
	 	 Chief Financial Officer

	  
 CO-BORROWERS
  
 ROYSTER-CLARK
RESOURCES LLC

		
	 By
	 	 /s/    Paul M. Murphy        

	 	 	Paul M. Murphy
	 Its
	 	 Vice President

	
	 ROYSTER-CLARK AGRIBUSINESS,
 INC. (f/k/a IMC AgriBusiness, Inc.)

		
	 By
	 	 /s/     Paul M. Murphy        

	 	 	Paul M. Murphy
	 Its
	 	 Vice President

	
	 ROYSTER-CLARK NITROGEN, INC.
 (f/k/a IMC Nitrogen Company)

		
	 By
	 	 /s/     Paul M. Murphy        

	 	 	Paul M. Murphy
	 Its
	 	 Vice President

	
	 LENDERS
  

U.S. BANK NATIONAL ASSOCIATION, as Agent, as Collateral Agent and as a Lender
 950 17th Street, Suite 350
 Denver, Colorado 80202

		
	 By
	 	 /s/     Alan V. Schuler        

	 	 	Alan V. Schuler
	 Its
	 	 Vice President

  

 7 

 [Signature Page to First Amendment to Amended and Restated Revolving Credit Agreement and Supplement Amending the
Borrower Pledge and Security Agreement and Subsidiary Pledge and Security Agreement Dated as of March 26, 2004] 
  

			
	 THE CIT GROUP/BUSINESS CREDIT,
 INC., as Collateral Agent and as a Lender
 1211 Avenue of the Americas
 New York, New York 10036

		
	 By:
	 	/s/    Mark Cuccinello        
	 	 	

	 	 	Mark Cuccinello
	 Its
	 	 Assistant Vice President

	
	 BANK OF AMERICA, N.A.
 600 Peachtree Street,
10th Floor
 Atlanta,
Georgia 30308

		
	 By
	 	 /s/    John L. Anderson        

	 	 	John L. Anderson
	 Its
	 	 Vice President

	
	 FLEET CAPITAL CORPORATION
 1633 Broadway, 29th Floor
 New York, New York 10019

		
	 By
	 	 /s/     Suzanne Cozine        

	 	 	Suzanne Cozine
	 Its
	 	 Vice President

	
	 UBS AG, STAMFORD BRANCH
 677 Washington Blvd.
 Stamford, Connecticut 06902

		
	 By
	 	 /s/     Barbara Ezell-McMichael        

	 	 	Barbara Ezell-McMichael
	 Its
	 	 Associate Director

		
	 By
	 	 /s/     Salloz Skikka        

	 	 	Salloz Skikka
	 Its
	 	 Associate Director

	
	  
 CONGRESS FINANCIAL
CORPORATION
 1133 Avenue of Americas, 29th
Floor
 New York, New York
10036-6710

		
	 By
	 	 /s/     David Hill        

	 	 	David Hill
	 Its
	 	 Assistant Vice President

  

 8 

 [Signature Page to First Amendment to Amended and Restated Revolving Credit Agreement and Supplement Amending the
Borrower Pledge and Security Agreement and Subsidiary Pledge and Security Agreement Dated as of March 26, 2004] 
  

			
	 PNC BANK, NATIONAL ASSOCIATION
 One PNC Plaza-6th Floor
 249 5th Avenue
 Pittsburgh, Pennsylvania 15222

		
	 By:
	 	/s/    Peter Redington        
	 	 	

	 	 	Peter Redington
	 Its
	 	 Assistant Vice President

	
	 MERRILL LYNCH CAPITAL, A
 DIVISION OF MERRILL LYNCH
 BUSINESS FINANCIAL SERVICES INC.
 225 Liberty Street, 5th Floor
 New York, New York 10281

		
	 By
	 	 /s/    Richard Holston        

	 	 	Richard Holston
	 Its
	 	 Vice President

	
	 WEBSTER BUSINESS CREDIT
 CORPORATION (f/k/a Whitehall Business
 Credit Corporation)
 One State Street, 7th Floor
 New York, New York 10004

		
	 By
	 	 /s/     Alan F. McKay        

	 	 	Alan F. McKay
	 Its
	 	 Vice President

  

 9Shareholder Agreement

 Exhibit 4.5 
  

SHAREHOLDERS AGREEMENT 
  
 BY AND AMONG 
  
 SOFTBANK CORP. 
  
 SOFTBANK E-COMMERCE CORP. 
  
 ARIBA, INC. 
  
 AND 
  
 NIHON ARIBA K.K. 
  
 OCTOBER 19, 2000 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page No.

	 1.
	  	 Definitions
	  	1
			
	 2.
	  	 The Company
	  	5
			
	 3.
	  	 Operation of the Company
	  	5
			
	 4.
	  	 Board
	  	5
			
	 5.
	  	 Representative Director; Key Officers
	  	6
			
	 6.
	  	 Statutory Auditors
	  	7
			
	 7.
	  	 Shareholders’ Meetings
	  	7
			
	 8.
	  	 Financial Statements and Accounting Records
	  	7
			
	 9.
	  	 Right Of Inspection
	  	7
			
	 10.
	  	 Softbank Rights
	  	7
			
	 11.
	  	 Company Interests
	  	8
			
	 12.
	  	 Annual Business Plan
	  	8
			
	 13.
	  	 Transfer Restrictions
	  	8
			
	 14.
	  	 Market Stand-Off” Agreement
	  	10
			
	 15.
	  	 Exclusivity
	  	10
			
	 16.
	  	 Co-Sale Rights
	  	11
			
	 17.
	  	 Additional Capital
	  	12
			
	 18.
	  	 Right of First Offer
	  	12
			
	 19.
	  	 IPO Commitment
	  	14
			
	 20.
	  	 Certain Breaches
	  	14
			
	 21.
	  	 Modification of Transaction Agreements
	  	14
			
	 22.
	  	 Representations and Warranties of SOFTBANK and SOFTBANK Parent
	  	15
			
	 23.
	  	 Representations and Warranties of Ariba
	  	17

  

  

 i 

							
	 24.
	  	 Term and Termination
	  	18
				
	 	  	 24.1
	  	 Term
	  	18
				
	 	  	 24.2
	  	 Termination
	  	18
				
	 	  	 24.3
	  	 Continuing Liability
	  	19
			
	 25.
	  	 Incidental and Consequential Damages
	  	19
			
	 26.
	  	 Miscellaneous
	  	19
				
	 	  	 26.1
	  	 Governing Law; Dispute Resolution
	  	19
				
	 	  	 26.2
	  	 Notices and Other Communications
	  	20
				
	 	  	 26.3
	  	 Language
	  	21
				
	 	  	 26.4
	  	 Severability
	  	21
				
	 	  	 26.5
	  	 References; Subject Headings
	  	22
				
	 	  	 26.6
	  	 Further Assurances
	  	22
				
	 	  	 26.7
	  	 Expenses
	  	22
				
	 	  	 26.8
	  	 No Waiver
	  	22
				
	 	  	 26.9
	  	 Entire Agreement; Amendments
	  	22
				
	 	  	 26.10
	  	 Assignment
	  	22
				
	 	  	 26.11
	  	 No Agency
	  	23
				
	 	  	 26.12
	  	 No Beneficiaries
	  	23
				
	 	  	 26.13
	  	 Counterparts
	  	23

  

 ii 

 This Shareholders Agreement (this “AGREEMENT”) is made as of October 19, 2000, by and among
Nihon Ariba K.K., a Japanese corporation (the “COMPANY”), Ariba, Inc., a Delaware corporation (“ARIBA”), SOFTBANK Corp., a Japanese corporation (“SOFTBANK PARENT”), and SOFTBANK E-Commerce Corp., a Japanese corporation
and direct wholly owned subsidiary of SOFTBANK Parent (“SOFTBANK”). The Company, Ariba, SOFTBANK Parent and SOFTBANK are hereunder also referred to collectively as the “PARTIES” and individually as a “PARTY”.

  
 RECITALS 
  
 A. Ariba is a leading provider of electronic commerce products and services.

  
 B. Ariba has formed the Company to provide electronic commerce
products and services generally provided by Ariba to Persons whose primary place of business is located in Japan. 
  
 C. SOFTBANK Parent and SOFTBANK are leading providers of information and distribution services in Japan and worldwide as infrastructure for the digital
information industry. 
  
 D. SOFTBANK Parent and SOFTBANK wish to
invest in and form a strategic relationship with the Company. 
  
 NOW THEREFORE, for valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Parties hereby agree as follows: 
  
 AGREEMENT 
  
 1. DEFINITIONS. 
  
 1.1 “80% SUBSIDIARY” shall mean a Person, of which securities representing at least eighty percent (80%) of the ordinary voting
power is or, in the case of a partnership, at least eighty percent (80%) of the general partnership interests are, directly or indirectly owned, controlled or held by the Party on such date. 
  
 1.2 “80% PARENT” shall mean a Person that directly
or indirectly owns, controls, or holds securities representing at least eighty percent (80%) of the ordinary voting power or, in the case of a partnership, at least eighty percent (80%) of the general partnership interests of the Party on such date.

  
 1.3 “AFFILIATE” of a Person means
any Person that is controlled by, controls, or is under common control with the first Person, in each case for so long as such control continues; PROVIDED, HOWEVER, that Affiliates of any Person shall include Persons in which the first Person owns,
directly or indirectly, shares representing at least fifty percent (50%) of the voting power represented by such Affiliates’ outstanding shares, regardless of whether such control actually exists. For purposes of this definition,
“CONTROL” shall mean the possession, directly or indirectly, of power to direct or cause the direction of management or policies of a 

  

 1 

 
Person (whether through ownership of securities or other ownership interests, by contract or otherwise). 
  
 1.4 “ANNUAL BUSINESS PLAN” means the
Company’s annual business plan, as approved by the Board each year for the Company’s next succeeding year including, among other things, (i) a budget for the upcoming fiscal year for anticipated revenues and expenses of the Company, (ii)
an expenditure budget, (iii) a cash-flow forecast and (iv) the Performance Criteria. 
  
 1.5 “ARIBA” is defined in the preambles of this Agreement. 
  
 1.6 “ARIBA COMPANY INTEREST” means the Company Interest of Ariba. 
  
 1.7 “ARIBA INVESTOR” means Ariba and each Person
that is an Affiliate of Ariba to whom Securities owned by Ariba at the close of business on the Effective Date and subsequently acquired by Ariba pursuant to Section 11 or 18 of this Agreement have been Transferred pursuant to this Agreement.

  
 1.8 “ARIBA NON-DISCLOSURE
AGREEMENT” means the Non-Disclosure Agreement by and between Ariba, SOFTBANK Parent and SOFTBANK dated October 19, 2000. 
  
 1.9 “ARTICLES” means the articles of incorporation of the Company in the form of attached EXHIBIT 2.1 to the Stock Purchase
Agreement, as the same may be amended from time to time in accordance with this Agreement and the Commercial Code. 
  
 1.10 “BOARD” means the board of directors of the Company. 
  
 1.11 “BUSINESS” generally means (i) the offer and sale in Japan of Ariba’s
business-to-business e-commerce products and services and localized versions of such products and services (“Localized Products”) to Persons whose principal place of business is located in Japan, (ii) the offer and sale outside
Japan of Localized Products to Affiliates of Persons whose principal place of business is in Japan and (iii) any business ancillary thereto. 
  
 1.12 “BUSINESS DAY” means a day on which commercial banks in the United States and Japan are generally open to conduct their
regular banking business. 
  
 1.13
“COMPANY” is defined in the preambles of this Agreement. 
  
 1.14 “CHIEF EXECUTIVE OFFICER” means the Chief Executive Officer of the Company. 
  
 1.15 “CO-SALE SHAREHOLDER” is defined in Section 16(a). 
  
 1.16 “COMMERCIAL CODE” means the Commercial Code of Japan, as amended and in effect from time to
time. 
  
 1.17 “COMMITTEE” is defined
in Section 18(b). 
  

 2 

 1.18 “COMMON STOCK” means common stock of the Company as authorized by the
Articles. 
  
 1.19 “COMPANY INTEREST”
shall mean, for a Party, the percentage interest represented by the number of Securities then held by such Party (assuming that such Party has not Transferred any Securities) divided by the number of then outstanding Fully Diluted Securities.

  
 1.20 “CONTROL SHIFT” is defined in
Section 21(a). 
  
 1.21 “DIRECTOR”
means a member of the Board. 
  
 1.22
“EFFECTIVE DATE” means the Closing Date (as defined in the Stock Purchase Agreement). 
  
 1.23 “FULLY DILUTED SECURITIES” means the number of Securities outstanding on a fully diluted basis after (i) giving effect to
the exchange, exercise and conversion of all outstanding exchangeable, exercisable and convertible Securities and (ii) including all shares of Common Stock reserved and available for the grant of options and or stock purchase rights to employees,
officers, directors and consultants of the Company that are not subject to outstanding options. 
  
 1.24 “INVESTOR” means each Ariba Investor and each Softbank Investor. 
  
 1.25 “IPO” is defined in Section 18(a).

  
 1.26 “KEY OFFICERS” means those
Company officers who are in management positions reporting directly to the Chief Executive Officer. 
  
 1.27 “LICENSE AGREEMENT” means the License Agreement entered into between Ariba and the Company in the form attached Exhibit
1.27, as amended from time to time. 
  
 1.28
“LISTED COMPETITOR” is defined in Section 15(a). 
  
  
 1.29 “LITIGATION COMMITTEE” is defined in Section 20. 
  
 1.30 “MEETING NOTICE” is defined in Section 4(c). 
  
 1.31 “MODIFICATION EVENT” means the occurrence of
the events specified in Section 21(c). 
  
 1.32
“NOTICE” is defined in Section 18(b). 
  
 1.33 “OFFERED” is defined in Section 16(a). 
  
 1.34 “OFFERED SECURITIES” is defined in Section 18(b). 
  

 3 

 1.35 “PARTY” and “PARTIES” are defined in the preamble of this
Agreement. 
  
 1.36 “PERCENTAGE
INTEREST” is defined in Section 15(b). 
  
 1.37 “PERFORMANCE CRITERIA” is defined in Section 21(d). 
  
 1.38 “PERSON” means a natural individual, partnership, firm, corporation, or other entity or form of business association. 
  
 1.39 “RELATED PARTY TRANSACTION” is defined in Exhibit 4(d). 
  
 1.40 “REPRESENTATIVE DIRECTOR” means a
representative director of the Company with the powers and duties specified for a representative director of a corporation in the Commercial Code or the Articles. 
  
 1.41 “REVENUE COMMITMENT” is defined in Section 7.1 of the Stock Purchase Agreement. 

 
 1.42 “SCHEDULE” is defined in Section 15(a).

  
 1.43 “SECURITIES” means all
outstanding shares of Common Stock and any other equity securities of the Company or instruments exercisable or exchangeable for or convertible into Common Stock or other equity securities of the Company. 
  
 1.44 “SOFTBANK” is defined in the preambles of
this Agreement. 
  
 1.45 “SOFTBANK COMPANY
INTEREST” means the sum of the Company Interests of SOFTBANK and SOFTBANK Parent. 
  
 1.46 “SOFTBANK INVESTOR” means SOFTBANK, SOFTBANK Parent and each Person that is an Affiliate of SOFTBANK Parent to whom
Securities acquired by SOFTBANK and SOFTBANK Parent on the Effective Date pursuant to the Stock Purchase Agreement and subsequently acquired by SOFTBANK and SOFTBANK Parent pursuant to Section 11 or 18 of this Agreement have been Transferred
pursuant to this Agreement. 
  
 1.47
“SOFTBANK PARENT” is defined in the preambles of this Agreement. 
  
 1.48 “SPECIAL EXCEPTIONS LAW” means the law pertaining to special exceptions to the Commercial Code concerning auditors of companies (Kabushiki Kaisha). 
  
 1.49 “STATUTORY AUDITOR” means a statutory auditor
(Kansa-yaku) of the Company with powers and duties as specified in the Commercial Code. 
  
 1.50 “STOCK PURCHASE AGREEMENT” means the Stock Purchase Agreement dated as of October 19, 2000 among the Company, Ariba,
SOFTBANK Parent and SOFTBANK. 
  

 4 

 1.51 “SUBJECT AFFILIATE” is defined in Section 15(a). 
  
 1.52 “TERM” is defined in Section 24.1.

  
 1.53 “TRANSACTION AGREEMENTS” is
defined in the Stock Purchase Agreement. 
  
 1.54
“TRANSFER” is defined in Section 13(a). 
  
 2. THE
COMPANY. The Parties hereby acknowledge that the purpose of the Company shall be to establish and develop the Business. 
  
 3. OPERATION OF THE COMPANY. Each Party agrees to take all actions necessary to ensure that the Company shall be operated in accordance with the terms of
this Agreement and the other Transaction Agreements, including, without limitation, to vote all Securities held by it (and to cause all Securities held by any of its Affiliates and permitted transferees under Section 13 to be voted) to effect the
terms hereof. 
  
 4. BOARD. 
  
 (a) BOARD OF DIRECTORS. The Company will be managed by the
Board in accordance with the terms of this Agreement and applicable law. The Board shall consist of seven (7) Directors, five (5) of whom shall be nominated by Ariba and two (2) of whom shall be nominated by SOFTBANK. One of the Directors nominated
by Ariba shall be the Chief Executive Officer. If the Softbank Company Interest at any time decreases to less than thirty percent (30%), the Parties shall upon written notice from Ariba cause the Board constituency to be adjusted so that only one
(1) Director is nominated by Softbank within thirty (30) days of such written notice. If the Softbank Company Interest at any time decreases to less than fifteen percent (15%), the Parties shall upon written notice from Ariba cause the Board
constituency to be adjusted so that no Directors are nominated by Softbank, within thirty (30) Business Days of such written notice, unless the Softbank Investors shall continue to hold at least forty percent (40%) of the Securities acquired by the
Softbank Investors pursuant to the Stock Purchase Agreement and pursuant to Sections 11 and 18 of this Agreement. 
  
 (b) REMOVAL; REAPPOINTMENT OF DIRECTORS. Any Director may be removed for cause in accordance with applicable law. In addition, each Party
having the right to appoint a Director pursuant to this Section 4 shall also have the right, in its sole discretion, to remove such Director at any time by a written notice to the Company and the other Party, in which event the Party which nominated
the Director in question shall cause such Director to deliver a written resignation to the Company. In the case of a vacancy in the office of a Director for any reason (including removal pursuant to the preceding sentence), the vacancy shall be
filled by the Party that nominated or has the right to nominate the Director in question, subject to obtaining the approval of a majority of the remaining Directors. 
  
 (c) BOARD MEETINGS. Each Director shall have the authority to convene Board meetings, including the
authority to specify the time and place of such meetings (with video conference or any other legally permitted means of meeting under the Commercial Code to be permitted at the request of any Director); PROVIDED, HOWEVER, that (i) the Board shall

  

 5 

 
meet at least once during each calendar quarter and (ii) written notice of each Board meeting (a “MEETING NOTICE”) shall be given not less than ten
(10) Business Days in advance of the meeting date (which ten (10) Business Day period may be shortened if each Director either (A) grants a written waiver of notice of such meeting or (B) actually attends such meeting, without objection). All
Meeting Notices shall include a proposed agenda listing the items to be discussed at such Board meeting. Board meetings shall be conducted in the English language (with Japanese interpretation) and minutes of such meetings shall be prepared by the
Company in English and Japanese and distributed to each Director promptly following a meeting. In the event of conflict or controversy between versions, the English version of the minutes shall control. Proposals or reports brought before any Board
or shareholders’ meeting for information or action (including without limitation the Company’s annual and semi-annual financial statements) shall be prepared in English and Japanese. In the event of conflict or controversy, the English
version thereof shall control. Any and all reasonable travel costs (including without limitation business class air travel) and expenses incurred for purposes of attendance by a Party’s Directors at Board meetings held outside the country where
the Party’s corporate headquarters is located shall be reimbursed by the Company. 
  
 (d) BOARD QUORUM, RESOLUTIONS. A quorum shall be deemed to exist for purposes of Board actions so long as at least four (4) Directors are
present, including one (1) Director appointed by SOFTBANK and one (1) Director appointed by Ariba. If no Director nominated by SOFTBANK or no Director nominated by Ariba attends a duly noticed Board meeting, such meeting shall be immediately
adjourned and rescheduled, and written notice of such rescheduled meeting shall be delivered to the Directors not less than five (5) Business Days in advance of the rescheduled meeting. If the number of Directors who attend such rescheduled meeting
is not sufficient to constitute a quorum under the first sentence of this Section 4(d), a quorum shall be deemed to exist for purposes of the rescheduled meeting notwithstanding such non-attending Directors’ absence so long as there is a
sufficient number of directors present to constitute a valid quorum pursuant to the Commercial Code. Any action, determination or resolution of the Board shall require the affirmative vote of a majority of Directors present at a meeting at which a
valid quorum pursuant to this Section 4(d) is present. Notwithstanding the foregoing, the matters set forth on Exhibit 4(d) shall additionally require the affirmative vote of at least one Director appointed by SOFTBANK or SOFTBANK Parent,
provided that at the time such vote is sought the Softbank Investors hold at least forty percent (40%) of the Securities acquired by the Softbank Investors pursuant to the Stock Purchase Agreement and pursuant to Sections 11 and 18 of this
Agreement. 
  
 5. REPRESENTATIVE DIRECTOR; KEY OFFICERS. Ariba
shall designate two (2) Representative Directors of the Company in accordance with the Commercial Code, one of whom shall be the Chief Executive Officer. Ariba shall have the right to approve the Chief Executive Officer and the Key Officers in its
sole discretion upon prior consultation with SOFTBANK. Ariba shall also have the right, exercisable in its sole discretion upon prior consultation with SOFTBANK, (i) to remove and replace the Chief Executive Officer or any Key Officer at any time
and (ii) to appoint a successor Chief Executive Officer or Key Officer in the event a vacancy arises for any reason, in each case effective upon the delivery of written notice to the Chief Executive Officer or the Key Officer and the other Parties.
Each Party agrees to cause the Directors nominated by it to take appropriate action by the Board to effect any such removal, replacement or appointment. 
  

 6 

 6. STATUTORY AUDITORS. The Company shall have three (3) Statutory Auditors whom shall be nominated by
Ariba. A Statutory Auditor may be removed for cause in accordance with applicable law. Ariba shall also have the right, exercisable in its sole discretion, to remove and replace a Statutory Auditor at any time, effective upon the delivery of written
notice to the Statutory Auditor to be removed and the other Parties. Ariba shall also further have the right to appoint a successor Statutory Auditor in the event a vacancy arises for any reason. 
  
 7. SHAREHOLDERS’ MEETINGS. Shareholders of the Company shall receive
notice of each shareholders’ meeting at least ten (10) Business Days before the scheduled date of such meeting. The Company shall have at least one shareholders’ meeting each calendar year. Such meeting will take place at such time and
place as is determined by the Board. Meetings shall be conducted in the English language (with Japanese translation to the extent requested by SOFTBANK paid for by the Company), and minutes of such meetings shall be prepared by the Company in
English and Japanese. In the event of conflict or controversy, the English version of the minutes shall control. 
  
 8. FINANCIAL STATEMENTS AND ACCOUNTING RECORDS. Financial statements for the Company, including without limitation a balance sheet, income statement,
statement of cash flows and statement of shareholders’ equity, shall be submitted by the Company to each of the other Parties (i) within sixty (60) days after the end of each fiscal quarter for such quarter, and (ii) within ninety (90) days
after the end of each fiscal year for such year. Each of the annual financial statements shall be audited and certified by an internationally recognized accounting firm (which will act as an independent auditor under the Special Exceptions Law)
retained by the Company. All financial statements shall be (i) prepared in accordance with generally accepted accounting principles in Japan and (ii) in reasonable detail and shall contain such financial data as Ariba, SOFTBANK Parent and SOFTBANK
reasonably request in order to keep each of them advised of the Company’s financial status (although quarterly statements need not include footnotes and may be subject to year-end adjustments). 
  
 9. RIGHT OF INSPECTION. During office hours of the Company, and upon
reasonable notice to the Company, each of SOFTBANK, SOFTBANK Parent and Ariba shall have full access to all properties, books of account, and records of the Company, and each such Party shall have the right to make copies from such books and records
at its own expense. Any information obtained by SOFTBANK, SOFTBANK Parent or Ariba through exercise of rights granted under this Section 9 shall, to the extent constituting Confidential Information under Section 7.2 of the Stock Purchase Agreement,
be subject to the confidentiality provisions set forth in such Section 7.2. 
  
 10. SOFTBANK RIGHTS. Without limiting Section 4, if any matter shall require the vote of holders of more than a majority of the voting Securities pursuant and entitled to vote on such matter, whether pursuant to the
Articles, the Commercial Code, or any other applicable law, agreement or instrument, SOFTBANK and SOFTBANK Parent shall vote (and shall cause all of its Affiliates and permitted transferees pursuant to this Agreement to vote) on such matter the same
way as Ariba votes Securities held by it on such matter. Without limiting Section 4, SOFTBANK and SOFTBANK Parent agree not to exercise (and to cause all of its Affiliates and permitted transferees pursuant to Section 13 of this Agreement not to
exercise) any rights as a shareholder of the Company arising under the Commercial Code or other applicable law that 
  

 7 

 would prevent the Company from being operated in accordance with the terms of this Agreement and the other Transaction
Documents, including any rights granted to a shareholder of the Company pursuant to Articles 358, 413-3, 406-2, 257, 280, 426, 381, 232-2, 256-3, 280-10, 341-7, 341-18, 280-15, 363, 372, 380, 415, 431, 245-2, 349, 408-3, 280-5-2, 341-2-6, and
341-11-2 of the Commercial Code; provided, however, that in no event shall any Softbank Investor be prevented from exercising any right expressly granted to such party under this Agreement or any Transaction Agreement. Each Softbank Investor agrees
to enter into one or more voting agreements or to grant Ariba one or more proxies in any form reasonably requested by Ariba to effect the provisions of this Section 10. 
  
 11. COMPANY INTERESTS. The Parties agree to implement the Company’s capital structure and the terms of this Agreement
so that at all times during the term hereof, including following an IPO, (i) the Ariba Company Interest shall not be less than fifty and one tenth percent (50.1%), without payment of additional consideration to the Company, regardless of whether any
Ariba Investor (other than the Company) shall exercise any preemptive, first refusal or other rights to acquire Securities issued by the Company and (ii) the Softbank Company Interest shall not be less than thirty and one tenth percent (30.1%),
without payment of additional consideration to the Company, assuming that the Softbank Investors (A) exercise the rights of first refusal to the fullest extent permitted by Section 18 and (B) exercise any other preemptive, right of first refusal or
other rights to acquire Securities offered to them by the Company. The Company shall issue additional Common Stock to Ariba and additional Common Stock to SOFTBANK and SOFTBANK Parent (with an equal number of shares to be issued to SOFTBANK and
SOFTBANK Parent), without payment of additional consideration, to effect the provisions of this Section 11. This Agreement may be terminated by Ariba, on the one hand, and SOFTBANK and SOFTBANK Parent, on the other hand, if the issuance of Common
Stock to Ariba, on the one hand, and SOFTBANK and SOFTBANK Parent, on the other hand, pursuant to this Section 11, without payment of additional consideration to the Company, would violate applicable law. Notwithstanding the foregoing, upon written
notice by Ariba to the Company, the provisions of this Section 11 shall not apply to the issuance of any Securities in a transaction referred to in Section 10(f)(iii) and (iv), provided that Ariba, SOFTBANK and SOFTBANK Parent are treated in the
same way proportionately. 
  
 12. ANNUAL BUSINESS PLAN. The
Company’s management shall discuss its proposed Annual Business Plan with SOFTBANK before submitting such Annual Business Plan to the Board for approval. 
  

13. TRANSFER RESTRICTIONS. 
  
 (a) Neither SOFTBANK Parent nor SOFTBANK shall, except as otherwise specifically provided in this Agreement, sell, transfer, assign,
hypothecate or in any way alienate (“TRANSFER”) any of its Securities. 
  
 (b) Notwithstanding Section 13(a), SOFTBANK Parent and SOFTBANK may Transfer all or any portion of its Securities (i) to any 80%
Subsidiary or 80% Parent of such Party or (ii) after the closing of an IPO, to any Person upon the completion of such Party’s compliance with the restrictions imposed by Section 14 of this Agreement; PROVIDED 

  

 8 

 
that the following conditions shall be satisfied in the case of a Transfer pursuant to clause (i) above of this Section 13(b): 
  
 A. (x) in the case of a Transfer to an 80% Subsidiary, such Party covenants
that such 80% Subsidiary shall remain an 80% Subsidiary of such Party so long as the transfer restrictions set forth in this Section 13 are in effect and the 80% Subsidiary owns the Transferred shares; and (y) in the case of a Transfer to an 80%
Parent, such 80% Parent covenants that it shall remain an 80% Parent of such Party so long as the transfer restrictions set forth in this Section 13 are in effect and the 80% Parent owns the Transferred shares; and 
  
 B. such Party, or, in the case of a Transfer to an 80% Subsidiary or an 80%
Parent, such 80% Subsidiary or 80% Parent represents and covenants that the shares transferred to the transferee are not, and will not be, subject to any lien or other security interest, whether direct or indirect, unless such lien or security
interest is consented to by the Company. 
  
 (c)
Notwithstanding the provisions of this Section 13, neither SOFTBANK Parent nor SOFTBANK may Transfer any of its Securities until all Revenue Commitments have been fulfilled pursuant to the Stock Purchase Agreement. 
  
 (d) In the case of any Transfer permitted under Section
13(b)(i), SOFTBANK Parent or SOFTBANK, as the case may be, shall deliver to the Company and Ariba (i) at least ten (10) Business Days prior to such Transfer, a written notice stating its intention to Transfer the Securities to be Transferred, the
name of the transferee, whether such transferee is an Affiliate, the number of Securities to be Transferred, and the price and other material terms and conditions of the Transfer, (ii) except as otherwise specifically provided herein, on or prior to
the effective date of the Transfer and in a form reasonably acceptable to the Company and its counsel, the transferee’s written acknowledgement of and agreement to be bound by, and to vote the Transferred Securities at all times in accordance
with, the terms of this Agreement and any other Transaction Agreement, and (iii) if reasonably requested by the Company, an opinion of counsel, reasonably satisfactory to the Company that such Transfer will not require registration of such shares
under any applicable securities laws. 
  
 (e)
Ariba shall not, except as otherwise specifically provided in this Agreement, Transfer any of its Securities. 
  
 (f) Notwithstanding Section 13(e), Ariba may Transfer all or any portion of its Securities (i) to any Person, PROVIDED that Ariba and its
Affiliates continue to own at least fifty percent (50%) of the Securities owned by Ariba at the close of business on the Effective Date and subsequently acquired by Ariba pursuant to Sections 11 and 18 of this Agreement, or (ii) after the closing of
an IPO, to any Person upon the completion of such Party’s compliance with the restrictions imposed by Section 14 of this Agreement. 
  
 (g) In the case of any Transfer permitted under Section 13(f)(i), Ariba shall deliver to the Company (i) at least ten (10) business days
prior to such Transfer, a written notice stating its intention to Transfer the Securities to be Transferred, the name of the transferee, whether such transferee is an Affiliate, the number of Securities to be 

  

 9 

 
Transferred, and the price and other material terms and conditions of the Transfer, (ii) except as otherwise specifically provided herein, on or prior to the
effective date of the Transfer and in a form reasonably acceptable to the Company and its counsel, the transferee’s written acknowledgement of and agreement to be bound by, and to vote the Transferred Securities at all times in accordance with,
the terms of this Agreement and any other Transaction Agreement and (iii) if reasonably requested by the Company, an opinion of counsel, reasonably satisfactory to the Company that such Transfer will not require registration of such shares under any
applicable securities laws. 
  
 14. “MARKET STAND-OFF”
AGREEMENT. Each of Ariba, SOFTBANK Parent and SOFTBANK hereby agrees that it will not, without the prior written consent of the managing underwriter, during the period commencing on the date of the final prospectus relating to the Company’s IPO
and ending on the date specified by the Company and the managing underwriter(s) (such period not to exceed one hundred eighty (180) days) (i) lend, offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option
or contract to sell, grant any option, right or warrant to purchase, or otherwise Transfer, directly or indirectly, any Securities, or (ii) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic
consequences of ownership of the Securities, whether any such transaction described in clause (i) or (ii) above is to be settled by delivery of Securities, in cash or otherwise. The underwriters in connection with the Company’s initial public
offering are intended third party beneficiaries of this Section 14 and shall have the right, power and authority to enforce the provisions hereof as though they were a Party hereto. 
  
 Notwithstanding the foregoing provisions of this Section 14, the obligations of Ariba, SOFTBANK Parent and SOFTBANK under
this Section 14 shall not be more restrictive than the least restrictive “market standoff” obligations to which any of the Company’s executive officers, directors or 10% or greater shareholders are subject. In order to enforce the
foregoing covenant, the Company may to the extent permitted by applicable law impose stop-transfer instructions with respect to the Shares owned by the Investor (and the shares or securities of every other person subject to the foregoing
restriction) until the end of such period. 
  
 15. EXCLUSIVITY.

  
 (a) During the term of this Agreement,
SOFTBANK agrees that it will not, and will not permit any Affiliate in which SOFTBANK directly or indirectly holds a fifty percent (50%) or greater ownership interest (a “Subject Affiliate”), to do any of the following: 
  
 (i) make any investment in any company (each, a
“Listed Competitor”) identified on a schedule furnished by Ariba to SOFTBANK (the “Schedule”); provided, however, that SOFTBANK and its Subject Affiliates shall act in good faith to avoid entering into relationships with parties
who could reasonably be anticipated to damage the business of Ariba or the Company; provided, further, that this Section 15(a)(i) shall not apply to (A) any Subject Affiliate of SOFTBANK that is publicly listed, or any investment fund or other
investment vehicle in which SOFTBANK holds an equity interest (as general partner, limited partner or otherwise) to the extent such funds or vehicles are operating solely for investment purposes; or (B) the acquisition by SOFTBANK or any of its
Subject Affiliates, solely for 
  

 10 

 investment purposes, of an interest of less than 5% of a publicly traded company provided that the
investing party does not violate any other provision of this Section 15. 
  
 (ii) provide, develop or offer any products or services of any Listed Competitor that are directly competitive with the procurement, market place or other principal software products or value added network services of
the Company or Ariba from time to time or other services expressly intended to offer the procurement or marketplace functions of such products (collectively, a “Competitive Product”); provided, however, that this Section 15(a)(ii)
shall not preclude SOFTBANK or any of its Subject Affiliates from providing, developing or offering general maintenance, hosting, consulting or other professional services; 
  
 (iii) provide, develop or offer any products or services that are directly competitive with the
procurement, market place or other principal software products or value added network services of the Company or Ariba from time to time or other services expressly intended to offer the procurement or marketplace functions of such products;
provided, however, that this Section 15(a)(iii) shall not preclude SOFTBANK or any of its Subject Affiliates from providing, developing or offering general maintenance, hosting, consulting or other professional services; or 
  
 (iv) make or permit any public announcement of a commercial
relationship with any Listed Competitor with respect to providing, developing or offering a Competitive Product; provided, however this Section 15(a)(iv) shall not apply to any Subject Affiliate of SOFTBANK that is publicly listed or any
investment fund or investment vehicle in which SOFTBANK holds an equity interest (as general partner, limited partner or otherwise) to the extent such investment funds or investment vehicles are operating solely for investment purposes. 

 
 (b) Ariba shall have the right to update the Schedule in
writing to add or delete parties to the list of Listed Competitors on an annual basis; provided, however, that Ariba may, up to two (2) times each year, replace one party on the Schedule with a party that it reasonably believes to be a significant
competitor to Ariba or the Company and; provided, further that (i) neither SOFTBANK nor any Affiliate will be required to divest, unwind or otherwise dispose of any investments or other contractual relationships established prior to the listing of a
company as a Listed Competitor and (ii) such updated Schedule shall not exceed fifty (50) companies (not taking into account their controlled affiliates). 
  
 (c) For purposes of this SECTION 15, SOFTBANK shall not be deemed an investment fund or investment vehicle
or a Subject Affiliate. 
  
 (d) This SECTION 15
shall terminate at such time as Ariba by written notice pursuant to Section 4(a) shall have caused SOFTBANK not to have any Directors nominated by SOFTBANK on the Board, but not if any Director designated by SOFTBANK ceases to serve as a Director
for any other reason. 
  
 16. CO-SALE RIGHTS. 
  
 (a) If any Ariba Investor desires to Transfer any of its
Securities (the “Offered Co-Sale Securities”) to any Person (other than an Ariba Investor) and 

  

 11 

 
such Offered Co-Sale Securities, together with any Securities previously Transferred by Ariba Investors to Persons (other than Ariba Investors) represent
eleven percent (11%) or more of the outstanding Fully Diluted Securities measured at the time of such Transfer, the Softbank Investors (each, a “CO-SALE SHAREHOLDER”) shall have the right and option to include a pro rata portion of the
Securities to be sold in the proposed sale at the same price per share and on the same other terms and conditions that apply to Ariba in the proposed sale. Each Co-Sale Shareholder’s pro rata portion shall be equal to the product of (i) the
outstanding Securities owned by such Co-Sale Shareholder divided by the outstanding Securities owned by Ariba and all Co-Sale Shareholders who duly elect to sell Securities in the transaction, multiplied by (ii) the total number of Securities
proposed to be sold in the transaction. The number of Offered Co-Sale Securities to be sold by Ariba in the transaction shall be reduced to the extent that Co-Sale Shareholders elect to participate in the transaction. 
  
 (b) Ariba shall give notice to each Co-Sale Shareholder of
the proposed sale. Such notice shall contain the proposed sales price per share and the other material terms and conditions on which Ariba desires to sell the Offered Co-Sale Securities. Each Co-Sale Shareholder may exercise its right to participate
in the sale pursuant to this Section 16 by giving notice to Ariba and each other Co-Sale Shareholder within fifteen (15) days after receipt of such notice from Ariba. If on any proposed sale, the Revenue Commitments under the Stock Purchase
Agreement remain unfulfilled in any respect, SOFTBANK and SOFTBANK Parent shall be provided a proposed sale notice and the opportunity to exercise their co-sale rights hereunder subject to paying the entire remaining portion of the unfulfilled
Revenue Commitments pursuant to Section 7.1 of the Stock Purchase Agreement prior to the closing of the proposed sale. 
  
 17. ADDITIONAL CAPITAL. If the Company seeks to raise additional capital primarily for financing rather than strategic purposes, the Company shall
consider in good faith raising debt financing rather than equity financing after consulting with SOFTBANK regarding the Company’s financing alternatives, provided that whether the Company seeks to raise debt or equity financing and the terms of
any such financing shall be determined by the Board in its sole good faith discretion. 
  
 18. RIGHT OF FIRST OFFER. 
  
 (a) Subject to the terms and conditions specified in this Section 18, the Company hereby grants to each Investor a right of first offer with respect to future sales by the Company of its Securities. Each time the
Company proposes to offer any Securities, the Company shall first make an offering of the Securities to the Investors in accordance with the following provisions. 
  
 (b) The Company shall deliver a notice in accordance with Section 26.2 (“Notice”) to each Investor
stating (i) its bona fide intention to offer the Securities, (ii) the number of Securities to be offered (the “Offered Securities”), and (iii) the price and terms upon which it proposes to offer the Offered Securities. 
  
 (c) By written notification received by the Company, within
twenty (20) calendar days after receipt of the Notice, the Investor may elect to purchase or 

  

 12 

 
obtain, at the price and on the terms specified in the Notice, up to that portion of the Offered Securities that equals the proportion that the number of
shares of Securities issued and held by the Investor, after giving effect to the exchange, exercise and conversion of all Securities held by Investor that are exchangeable and exercisable for and convertible into Securities, bears to the total
number of shares of Securities then outstanding, after giving effect to the exchange, exercise and conversion of all securities then outstanding that are exchangeable and exercisable for and convertible into Securities. 
  
 (d) Notwithstanding Section 18(c), by written notification
received by the Company, within twenty (20) calendar days after receipt of the Notice, the Softbank Investors may elect to purchase or obtain, at the price and on the terms specified in the Notice, a number of the Offered Securities such that the
Softbank Company Interest immediately after the sale of the Offered Securities (after giving effect to any issuance of Securities to Ariba pursuant to Section 11 hereof) and assuming that the Softbank Investors purchase all of the Offered Securities
that they are entitled to purchase pursuant to this Section 18(d)) equals the Softbank Company Interest immediately before the sale of such Offered Securities. Notwithstanding Section 18(c), the number of Offered Securities that the Ariba Investors
are entitled to purchase pursuant to Section 18(c) shall be reduced to the extent necessary to permit the Softbank Investors to purchase Offered Securities pursuant to this Section 18(d). 
  
 (e) If all Offered Securities that Investors are entitled to
obtain pursuant to Sections 18(c) and (d) are not elected to be obtained as provided in Sections 18(c) and (d) hereof, the Company may, during the one hundred twenty (120) day period following the expiration of the period provided in subsection
18(c) hereof, offer the remaining unsubscribed portion of such Offered Securities to any person or persons at a price not less than, and upon terms no more favorable to the offeree than those specified in the Notice. If the Company does not enter
into an agreement for the sale of the Offered Securities within such period, or if such agreement is not consummated within sixty (60) days of the execution thereof, the right provided hereunder shall be deemed to be revived and such Offered
Securities shall not be offered unless first reoffered to the Investor in accordance herewith. 
  
 (f) The right of first offer in this Section 18 shall not be applicable to (i) the issuance or sale of shares of Common Stock (or options
therefor) to employees, directors and consultants for the primary purpose of soliciting or retaining their services; (ii) the issuance of Securities pursuant to a bona fide public offering of shares of Common Stock, (iii) the issuance of Securities
in connection with a bona fide business acquisition of or by the Company, whether by merger, consolidation, sale of assets, sale or exchange of stock or otherwise, (iv) the issuance of stock, warrants or other Securities or rights not primarily for
equity financing purposes to persons or entities with which the Company has business relationships or will have a strategic business relationship following such issuance, (vi) the offer and sale of Securities within one hundred eighty (180) days
after the Effective Date at a pre money valuation of the Company of at least $200 million to strategic partners, as contemplated by the Parties, or (v) issuances or distributions of securities to Ariba, SOFTBANK or SOFTBANK Parent pursuant to
Section 11 hereof. The right of first offer in Section 18(c) but not Section 18(d) shall terminate upon the closing of the IPO. 
  

 13 

 19. IPO COMMITMENT. 
  
 (a) The Parties intend that, on or prior to the third (3rd) anniversary of the Effective Date, the Company
will seek to conduct an initial public offering of shares of its Common Stock (“IPO”), subject to prevailing market conditions and the condition and performance of the Company. 
  
 (b) In the event an IPO has not been consummated on or prior to the third (3rd) anniversary of the Effective
Date, at the request of SOFTBANK or SOFTBANK Parent, the Board shall form a committee of the Board (the “Committee”) consisting of one (1) Director of the Board designated by each of Ariba and SOFTBANK. The Committee shall, from
time to time at the request of either member, consult with an investment banking firm of recognized international standing that is unaffiliated with the Committee members or the Parties. The Committee shall request such investment banking firm to
thereafter make a formal review and presentation to the Board as to the commercial reasonableness of proceeding with an IPO in light of then prevailing market conditions and the condition and performance of the Company. Based on the recommendation
of such investment banking firm, the Committee shall make a recommendation to the full Board about proceeding with an IPO, which the Board shall consider and review in good faith based on benefits and risks to the Company of the proposed IPO. If the
Board approves proceeding with an IPO, the Company shall use commercially reasonable efforts to proceed promptly with an IPO. 
  
 (c) Each shareholder agrees to enter into a customary market standoff agreement with the underwriter(s) in the IPO with substantially the
same terms and conditions as set forth in Section 14. 
  
 20.
CERTAIN BREACHES. If SOFTBANK or SOFTBANK Parent alleges in writing to the Company, after consultation with its outside counsel, that it is probable that Ariba or any Ariba Affiliate (other than the Company and its controlled Affiliates) has
breached any contract between Ariba or any Ariba Affiliate (other than the Company and its controlled Affiliates), on the one hand, and the Company or any of its controlled Affiliates, on the other hand, the Board shall at the request of SOFTBANK or
SOFTBANK Parent form a committee of the Board (the “Litigation Committee”) consisting of two (2) Directors designated by SOFTBANK. The Committee shall have the sole and exclusive authority to (i) determine whether to assert on behalf of
the Company that Ariba or any other Ariba Affiliate (other than a controlled Affiliate of the Company) has breached any such contract and (ii) if any such assertion is made, to control the resolution of any such dispute, but only if such dispute is
resolved through the dispute resolution process set forth in Section 26.1 hereof as if applicable to disputes referred to in this Section 20. Ariba agrees, upon behalf of itself and its controlled Affiliates (other than the Company and its
controlled Affiliates) and the Company agrees on behalf of itself and its controlled Affiliates to submit any such dispute to the dispute resolution process set forth in Section 26.1 hereof. 
  
 21. MODIFICATION OF TRANSACTION AGREEMENTS. 
  
 (a) If at anytime on or after December 1, 2002, the
Performance Criteria are not satisfied for at least the four (4) immediately preceding full calendar quarters, Ariba may at its sole discretion cause (i) three (3) of the five (5) Directors nominated by it pursuant to Section 4(a) hereof (or such
larger number of Directors as would, together with the Directors then appointed by SOFTBANK, constitute a majority of the members of the Board) to be removed and (ii) at SOFTBANK’s election, the resulting vacancies to be filled by the same
number of individuals designated by SOFTBANK at its sole discretion (such change in the composition of Board pursuant to clause (i) of this sentence being herein referred to as a “Control Shift,” regardless of whether SOFTBANK shall elect
to fill the resulting vacancies pursuant to clause (ii) of this sentence). While any Control Shift is in effect, SOFTBANK or SOFTBANK Parent may exercise all of the rights otherwise granted to Ariba pursuant to Sections 5 and 6 hereof. 

 

 14 

 (b) At any time after two full calendar quarters after a Control Shift, Ariba may at its
sole discretion by written notice to SOFTBANK effect a Modification Event, unless (i) the Company is then satisfying the Performance Criteria and (ii) the Company has made up any failure to satisfy the Performance Criteria during the two (2)
consecutive full calendar quarters prior to the Control Shift. Notwithstanding the foregoing, Ariba may not effect a Modification Event if during the period the Control Shift is in effect Ariba has either (i) replaced any Director nominated by it
pursuant to Section 21(a) hereof or (ii) voted as a shareholder of the Company (or permitted any of its Affiliates to vote as a shareholder of the Company) against any written proposals submitted for shareholder approval that have been approved by a
majority of the Directors during the period of the Control Shift (other than any matters set forth on attached Exhibit 21(b), which shall require the affirmative vote of at least one Director appointed by Ariba other than pursuant to Section
21(a). 
  
 (c) Upon the occurrence of a
Modification Event: (i) pursuant to Section 2.6 of the License Agreement, (A) the license granted to the Company pursuant to the License Agreement shall become a non exclusive license rather than an exclusive license and (B) the Company shall cease
to have the right to use certain tradenames and trademarks; (ii) the Control Shift shall remain in effect permanently, (iii) SOFTBANK and SOFTBANK Parent may exercise indefinitely all of the rights otherwise granted to Ariba pursuant to Sections 5
and 6 hereof; (iv) Section 10 hereof shall apply to Ariba and not to SOFTBANK, SOFTBANK Parent or any other Softbank Investor; and (v) the exclusivity provisions set forth in Section 15 hereof (and in any other Transaction Agreement) shall terminate
and be of no further force or effect. 
  
 (d) For
purposes of this Agreement, “Performance Criteria” means criteria for the performance of the Company, which (i) are specified by the Chief Executive Officer and included as part of the Annual Business Plan and (ii) if not achieved,
indicate that the Company is failing in significant respects to achieve the Annual Business Plan to which such Performance Criteria relate. 
  
 22. REPRESENTATIONS AND WARRANTIES OF SOFTBANK AND SOFTBANK PARENT. Each of SOFTBANK and SOFTBANK Parent hereby represents and warrants to Ariba and the
Company that, as of the Effective Date, the following statements are and shall be true and correct: 
  
 (a) ORGANIZATION. Each of SOFTBANK and SOFTBANK Parent is a corporation duly organized and validly existing under the laws of Japan, and
has the 

  

 15 

 
corporate power and authority to enter into and perform this Agreement and the other Transaction Agreements to which it is a party. 
  
 (b) PERMITS; APPROVALS. Each of SOFTBANK and ‘ SOFTBANK
Parent holds all licenses, permits, certifications and other authorizations, the absence of which would have a material adverse effect on its financial condition or business, and there has been no default or violation under any such authorization
and there is no proceeding or investigation that is pending or, to each such Party’s knowledge, threatened under which any such authorization may be revoked, terminated or suspended. 
  
 (c) AUTHORIZATION. All corporate action on the part of each
of SOFTBANK and SOFTBANK Parent necessary for the authorization, execution and delivery of this Agreement and the other Transaction Agreements to which it is a party and for the performance of all of its obligations hereunder and thereunder has been
taken, and this Agreement and the other Transaction Agreements to which it is a party when fully executed and delivered, shall each constitute a valid, legally binding and enforceable obligation of each such Party. 
  
 (d) GOVERNMENT AND OTHER CONSENTS. No consent,
authorization, license, permit, registration or approval of, or exemption or other action by, any governmental or public body or authority, or any other Person, is required in connection with the execution, delivery and performance by each of
SOFTBANK and SOFTBANK Parent of this Agreement and the other Transaction Agreements to which it is a party, or if any such consent is required, each such Party has satisfied the applicable requirements. 
  
 (e) EFFECT OF AGREEMENT. The execution, delivery and
performance of this Agreement and the other Transaction Agreements to which SOFTBANK or SOFTBANK Parent is a party will not (i) violate the Articles of Incorporation of such party or any provision of any law, statute, rule or regulation to which
such party is subject, (ii) violate any judgment, order, writ, injunction or decree of any court applicable to such party, (iii) have any effect on the compliance of such party with any applicable licenses, permits or authorizations which would
materially and adversely affect such party, (iv) result in the breach of, give rise to a right of termination, cancellation or acceleration of any obligation with respect to (presently or with the passage of time), or otherwise be in conflict with
any term of, or affect the validity or enforceability of, any agreement or other commitment to which such party is a party and which would materially and adversely affect such party or (v) result in the creation of any lien, pledge, mortgage, claim,
charge or encumbrance upon any assets of such party. 
  
 (f) LITIGATION. There are no actions, suits or proceedings pending or, to such party’s knowledge, threatened, against such party before any court or governmental agency which question such party’s right to enter into or perform
its obligations under this Agreement or the other Transaction Agreements to which it is a party, or which question the validity of this Agreement or any of the other Transaction Agreements. 
  
 (g) DISCLOSURE. No representation or warranty by SOFTBANK or
SOFTBANK Parent contained in this Agreement or in any other Transaction Agreements to which such party is a party, and no exhibit, writing or other instrument required to be furnished 

  

  

 16 

 
by such party pursuant hereto or thereto contains any untrue statement of a material fact or omits any material fact necessary in order to make the
statements and information contained herein or therein not misleading. 
  
 23. REPRESENTATIONS AND WARRANTIES OF ARIBA. Ariba hereby represents and warrants to SOFTBANK Parent and SOFTBANK that, as of the Effective Date, the following statements are true and correct: 
  
 (a) ORGANIZATION. Ariba is a corporation duly organized and
validly existing under the laws of Delaware. Ariba has the corporate power and authority to enter into and perform this Agreement and the other Transaction Agreements to which it is a party. 
  
 (b) PERMITS; APPROVALS. Ariba holds all licenses, permits,
certifications and other authorizations, including without limitation any such authorizations required under U.S. federal securities laws, the absence of which would have a material adverse effect on the financial condition or business of Ariba, and
there has been no default or violation under any such authorization and there is no proceeding or investigation that is pending or, to Ariba’s knowledge, threatened under which any such authorization may be revoked, terminated or suspended.

  
 (c) AUTHORIZATION. All corporate action on
the part of Ariba necessary for the authorization, execution and delivery of this Agreement and the other Transaction Agreements to which it is a party and for the performance of all of its obligations hereunder and thereunder has been taken, and
this Agreement, the License Agreement and the other Transaction Agreements to which it is a party, when fully executed and delivered, shall each constitute a valid, legally binding and enforceable obligation of Ariba. 
  
 (d) GOVERNMENT AND OTHER CONSENTS. Except as disclosed in
the Transaction Agreements, no consent, authorization, license, permit, registration or approval of, or exemption or other action by, any governmental or public body or authority, or any other Person, is required in connection with Ariba’s
execution, delivery and performance of this Agreement or the other Transaction Agreements to which it is a party, or if any such consent is required, Ariba has satisfied any applicable requirements. 
  
 (e) EFFECT OF AGREEMENT. Ariba’s execution, delivery
and performance of this Agreement and the other Transaction Agreements to which it is a party will not (i) violate the Certificate of Incorporation of Ariba or any provision of any law, statue, rule or regulation to which it is subject, (ii) violate
any judgment, order, writ, injunction or decree of any court applicable to Ariba, (iii) have any effect on the compliance of Ariba with any applicable licenses, permits or authorizations which would materially and adversely affect Ariba, (iv) result
in the breach of, give rise to a right of termination, cancellation or acceleration of any obligation with respect to (presently or with the passage of time), or otherwise be in conflict with, any term of, or affect the validity or enforceability of
any agreement or other commitment to which Ariba is a party and which would materially and adversely affect Ariba, or (v) result in the creation of any lien, pledge, mortgage, claim, charge or encumbrance upon any assets of Ariba. 
  

  

 17 

 (f) LITIGATION. There are no actions, suits or proceedings pending or, to Ariba’s
knowledge, threatened, against Ariba before any court or governmental agency which question Ariba’s right to enter into or perform this Agreement or other Transaction Agreements to which it is a party, or which question the validity of this
Agreement or any of the other Transaction Agreements. 
  
 (g) DISCLOSURE. No representation or warranty by Ariba contained in this Agreement or any other Transaction Agreement to which it is a party, and no exhibit, writing or other instrument required to be furnished pursuant hereto contains any
untrue statement of a material fact or omits any material fact necessary in order to make the statements and information contained herein or therein not misleading. 
  
 24. EFFECTIVENESS, TERM AND TERMINATION. 
  
 24.1 TERM. This Agreement shall be effective as of the Effective Date and shall continue in effect until and
unless terminated pursuant to Section 24.2. 
  
 24.2 TERMINATION. This Agreement may be terminated as follows: 
  
 (a) Upon the Parties’ mutual written agreement. 
  
 (b) By either Ariba or the Company, effective immediately upon written notice to the other Parties, if either SOFTBANK Parent or SOFTBANK
breaches any material provision of this Agreement or of any of the other Transaction Agreements in any material respect and such breach continues for a period of thirty (30) days after the delivery of written notice of the default, describing the
default in reasonable detail. 
  
 (c) By either
SOFTBANK Parent or SOFTBANK, effective immediately upon written notice to the other Parties, if Ariba or the Company breaches any material provision of this Agreement or of any of the other Transaction Agreements in any material respect and such
breach continues for a period of thirty (30) days after the delivery of written notice of the default, describing the default in reasonable detail. 
  
 (d) By either SOFTBANK Parent or SOFTBANK, effective immediately upon written notice to Ariba and the Company, in the event that either
Ariba or the Company terminates or elects to terminates the License Agreement in accordance with its terms. 
  
 (e) Ariba, effective immediately upon written notice to the other Parties in the event that either Ariba or the Company has elected to
terminate the License Agreement in accordance with its terms. 
  
 (f) By either SOFTBANK Parent, SOFTBANK, Ariba or the Company, effective immediately upon written notice to the other Parties, in the event that any other Party is dissolved, liquidated or declared bankrupt or a
filing for voluntary or involuntary. 
  
 (g)
Notwithstanding the foregoing, the right of SOFTBANK and SOFTBANK Parent to terminate this Agreement pursuant to Section 24.2(c), as a result of a breach by the Company, or pursuant to Section 24.2(d), as a result of a termination of the License
Agreement, shall exist only if the Company is an affiliate of Ariba and only if no Control Shift is in effect. 
  

 18 

 24.3 CONTINUING LIABILITY. Notwithstanding the foregoing, Article 25 and Article 26
(except for Section 26.6, which shall not survive termination) shall survive a termination of the Agreement. Termination of this Agreement for any reason shall not release any Party from any liability or obligation which has already accrued as of
the effective date of such termination, and shall not constitute a waiver or release of, or otherwise be deemed to prejudice or adversely affect, any rights, remedies or claims, whether for damages or otherwise, which a Party may have hereunder, at
law, equity or otherwise or which may arise out of or in connection with such termination. 
  
 25. INCIDENTAL AND CONSEQUENTIAL DAMAGES. 
  
 NO
PARTY NOR ITS AFFILIATES WILL BE LIABLE TO THE OTHER PARTIES UNDER ANY CONTRACT, NEGLIGENCE, STRICT LIABILITY OR OTHER THEORY FOR ANY INDIRECT, INCIDENTAL OR CONSEQUENTIAL DAMAGES (INCLUDING WITHOUT LIMITATION LOST PROFITS) WITH RESPECT TO ANY
SUBJECT MATTER OF THIS AGREEMENT. 
  
 EACH PARTY AGREES AND ACKNOWLEDGES THAT
MONEY DAMAGES MAY NOT BE AN ADEQUATE REMEDY FOR ANY BREACH OF THE PROVISIONS OF THIS AGREEMENT AND THAT EACH PARTY MAY, IN ITS SOLE DISCRETION, APPLY FOR SPECIFIC PERFORMANCE AND INJUNCTIVE RELIEF IN ORDER TO ENFORCE OR PREVENT ANY VIOLATIONS OF THE
PROVISIONS OF THIS AGREEMENT. 
  
 26. MISCELLANEOUS. 

 
 26.1 GOVERNING LAW; DISPUTE RESOLUTION. The validity,
construction and enforceability of this Agreement shall be governed by and construed in accordance with the laws of the State of California. All disputes between the Parties arising out of this Agreement shall be settled by the Parties amicably
through good faith discussions upon the written request of any Party. In the event that any such dispute cannot be resolved thereby within a period of sixty (60) days after such notice has been given, such dispute shall be finally settled by
arbitration in San Francisco, California, using the English language in accordance with the Rules of Arbitration of the American Arbitration Association then in effect, by one or more arbitrators appointed in accordance with such Rules. The
arbitrator(s) shall have the authority to grant specific performance and to allocate between the Parties the costs of arbitration in such equitable manner as the arbitrator(s) may determine. The prevailing Party in the arbitration shall be entitled
to receive reimbursement of its reasonable expenses incurred in connection therewith. Judgment upon the award so rendered may be entered in any court having jurisdiction or application may be made to such court for judicial acceptance of any award
and an order of enforcement, as the case may be. Notwithstanding the foregoing, each Party shall have the right to institute a legal action in a court of proper jurisdiction for injunctive relief and/or a decree for specific performance to enforce
such Party’s rights hereunder pending final settlement by arbitration. 
  

  

 19 

 26.2 NOTICES AND OTHER COMMUNICATIONS. Unless otherwise provided, any notice required or
permitted under this Agreement shall be given in writing and in English and shall be deemed effectively given (i) upon personal delivery to the party to be notified, (ii) by delivery by confirmed facsimile or (iii) three (3) Business Days after
being provided to an internationally recognized courier service with an expected delivery of no more than three (3) business days, in each case to the party to be notified at the address indicated for such party on the signature page hereof, or at
such other address as such party may designate by ten (10) days’ advance written notice to the other Parties: 
  
 (a) If to SOFTBANK Parent 
  
 SOFTBANK Corp. 
 24-1 Nihonbashi-Hakozakicho 
 Chuo-ku, Tokyo 103-8501 
 Japan 
 Fax:
+81-3-5641-3401 
 Attention: Masayoshi Son 
  
 with a copy to: 
  

Morrison & Foerster LLP 
 AIG Building, 11th Floor 
 1-1-3 Marunouchi 
 Chiyoda-ku, Tokyo 
 100-0005 Japan 
 Fax: +81-3-3214-6512 
 Attention: Ken Siegel, Esq. 
  
 (b) If to SOFTBANK 
  
 SOFTBANK E-Commerce Corp. 
 24-1 Nihonbashi-Hakozakicho 
 Chuo-ku, Tokyo 103-8501 
 Japan 
 Fax:
+81-3-5641-3406 
 Attention: Ken Miyauchi 
  
 with a copy to: 
  

Morrison & Foerster LLP 
 AIG Building, 11th Floor 
 1-1-3 Marunouchi 
 Chiyoda-ku, Tokyo 
 100-0005 Japan 
 Fax: +81-3-3214-6512 
 Attention: Ken Siegel, Esq. 
  

  

 20 

 (c) If to the Company 
  
 Nihon Ariba K.K. 
 Shinjuku Park Tower 
 7-1, Nishi-Shinjuku 3-chome 
 Shinjuku-ku, Tokyo 
 Fax: +81-3-5326-3170 
 Attention: 
  
 with a copy to: 
  
 Ariba, Inc.

 1565 Charleston Road 
 Mountain View, California 94043 
 Fax: (650) 930-8193 
 Attention: Gabriel Sandoval, Esq. and Chief Financial Officer 
  
 (d) If to Ariba 
  
 1565 Charleston Road 
 Mountain View, California 94043 
 Attn: Chief Financial Officer 
 Attn: General Counsel 
  
 with a copy to: 
  
 Gunderson Dettmer Stough Villeneuve 
 Franklin & Hachigian, LLP 
 155 Constitution Drive 
 Menlo Park, California 94025 
 Attn: Brooks Stough 
  
 26.3 LANGUAGE. This Agreement is in the English language only, which language shall be controlling in all respects, and all versions hereof in any other language shall be for accommodation only and shall not be binding upon the Parties. All
communications and notices to be made or given pursuant to this Agreement shall be in the English language. 
  
 26.4 SEVERABILITY. If any provision in this Agreement shall be found or be held to be invalid or unenforceable (including, without
limitation, as a result of objections by the Japanese Fair Trade Commission) then the meaning of said provision shall be construed, to the extent feasible, so as to render the provision enforceable, and if no feasible interpretation would save such
provision, it shall be severed from the remainder of this Agreement which shall remain in full force and effect unless the severed provision is essential and material to the rights or benefits received by any Party. In such event, the Parties shall
use commercially reasonable efforts to negotiate, in good faith, a substitute, valid and enforceable provision or agreement which most nearly affects the Parties’ intent in entering into this Agreement. 
  

 21 

 26.5 REFERENCES; SUBJECT HEADINGS. Unless otherwise indicated, references to Sections and
Exhibits herein are to Sections of, and Exhibits to, this Agreement. The subject headings of the Sections of this Agreement are included for the purpose of convenience of reference only, and shall not affect the construction or interpretation of any
of its provisions. 
  
 26.6 FURTHER ASSURANCES.
The Parties shall each perform such acts, execute and deliver such instruments and documents, and do all such other things as may be reasonably necessary to accomplish the transactions contemplated in this Agreement. 
  
 26.7 EXPENSES. Each of the Parties will bear its own costs
and expenses, including, without limitation, fees and expenses of legal counsel, accountants, brokers, consultants and other representatives used or hired in connection with the negotiation and preparation of this Agreement and consummation of the
transactions contemplated hereby. 
  
 26.8 NO
WAIVER. No waiver of any term or condition of this Agreement shall be valid or binding on a Party unless the same shall have been set forth in a written document, specifically referring to this Agreement and duly signed by the waiving Party. The
failure of a Party to enforce at any time any of the provisions of this Agreement, or the failure to require at any time performance by the other Party of any of the provisions of this Agreement, shall in no way be construed to be a present or
future waiver of such provisions, nor in any way affect the ability of a Party to enforce each and every such provision thereafter. 
  
 26.9 ENTIRE AGREEMENT; AMENDMENTS. The terms and conditions contained in this Agreement (including the Exhibits hereto) and the other
Transaction Agreements constitute the entire agreement between the Parties and supersede all previous agreements and understandings, except for the Ariba Non-Disclosure Agreement, whether oral or written, between the Parties with respect to the
subject matter hereof. No agreement or understanding amending this Agreement shall be binding upon any Party unless set forth in a written document in English which expressly refers to this Agreement and which is signed and delivered by duly
authorized representatives of each Party. 
  
 26.10 ASSIGNMENT. No Party shall assign this Agreement (or any right or obligation hereunder) without the other Parties’ prior written consent, except that (i) Ariba may assign this Agreement to a Person into which it has merged or
which has otherwise succeeded to all or substantially all of Ariba’s business or assets and (ii) SOFTBANK Parent and SOFTBANK may assign this Agreement to a Person that is a wholly owned subsidiary of SOFTBANK Parent or SOFTBANK, respectively,
or a Person who has succeeded to all or substantially all of the business or assets of SOFTBANK Parent or SOFTBANK, respectively. All assignees under this Section 26.10 must assume in writing or by operation of law, the assigning Party’s
obligations under this Agreement, provided, however, that the assigning Party shall remain liable for the assignee’s performance of its obligations hereunder. This Agreement shall inure to the benefit of, and shall be binding upon, the Parties
and their respective permitted successors and assigns. 
  

 22 

 26.11 NO AGENCY. The Parties are independent contractors. Nothing contained herein or
done in pursuance of this Agreement shall constitute any Party the agent of any other Party for any purpose or in any sense whatsoever. 
  
 26.12 NO BENEFICIARIES. Nothing herein express or implied, is intended to or shall be construed to confer upon or give to any person,
firm, corporation or legal entity, other than the Parties, any interests, rights, remedies or other benefits with respect to or in connection with any agreement or provision contained herein or contemplated hereby. 
  
 26.13 COUNTERPARTS. This Agreement may be executed in any
number of counterparts, and each counterpart shall constitute an original instrument, but all such separate counterparts shall constitute only one and the same instrument. 
  

 23 

 IN WITNESS WHEREOF, the Parties have caused their respective duly authorized representatives to execute
this Agreement as of the date hereof. 
  

			
	 SOFTBANK CORP.

		
	By:	 	/s/    MASAYOSHI SON        
	 	 	

	 Title:
	 	 
	 	 	

  

			
	 SOFTBANK E-COMMERCE CORP.

		
	By:	 	/s/    KEN MIYAUCHI        
	 	 	

	 Title:
	 	 
	 	 	

  

			
	 ARIBA, INC.

		
	By:	 	/s/    KEITH J. KRACH        
	 	 	

	 Title:
	 	Chairman & CEO

  

			
	 NIHON ARIBA K.K.

		
	By:	 	/s/    KEITH J. KRACH        
	 	 	

	 Title:
	 	Chairman & CEO

  

 Exhibit 1.27 
  
 SOFTWARE LICENSE AGREEMENT 
  
 This SOFTWARE LICENSE AGREEMENT (“Agreement”) is made as of October 19, 2000 (the “Effective Date”) by and between Ariba, Inc., a
Delaware company with its principal place of business at 1565 Charleston Road, Mountain View, CA 94043, United States (“Licensor”), and Nihon Ariba K.K., a Japanese company with its principal office at Shinjuku Park Tower N30F, 3-7-1,
Nishi-Shinjuku, Shinjuku-ku, Tokyo 163-1030, Japan (“Licensee”), and supercedes and replaces the INTERNATIONAL DISTRIBUTION AGREEMENT between Licensor and Licensee dated February 1, 2000, which the parties hereby agree is terminated as of
the Effective Date of this Agreement. 
  
 RECITALS

  

	A.	Licensor owns or licenses certain software programs and related documentation (defined below as the “Software Products”); and 

  

	B.	Licensee desires to acquire the right to use Licensor’s Software Products to, market, distribute and sublicense the Software Products in the Territory;

  
 Licensor and Licensee agree as follows:

  

	1.	Definitions 

  
 For purposes of this Agreement, the following terms shall have the meanings described below: 
  

	 	1.1	“Confidential Information” shall mean the Software Products and related documentation thereto and any information or data disclosed by one party to the other party
hereunder and which, when disclosed to the other party, is marked as “Confidential,” or, if disclosed orally, is identified as confidential at the time disclosure, or which the receiving party otherwise knows or reasonably should know,
given the nature of the information or data and the circumstance surrounding its disclosure, constitutes confidential, trade secret or proprietary information of the disclosing party. 

  

	 	1.2	“Software Products” shall mean all computer programs (in object code form) developed, produced or obtained through license by Licensor during the term of this Agreement,
including updates, translations, adaptations, specifications, technical documentation and related installation and user information that are made generally available by Licensor. Without limiting the generality of the foregoing, the “Software
Products” as of the Effective Date shall include: Ariba Buyer and Ariba Marketplace. In addition, in the event of an acquisition of Licensor, whether by merger, reorganization or purchase of substantially all of the assets of Licensor, the
“Software Products” shall be defined as, and thereafter limited to, those Software Products in existence on the date such acquisition closes, but including subsequent updates and upgrades thereto that are made generally available by
Licensor or its successor in interest. 

  

	 	1.3	“Territory” shall mean the region(s) (as defined in Schedule A). 

  

	2.	Software License 

  

	 	2.1	Subject to the terms and conditions set forth in this Agreement, Licensor hereby grants to Licensee and Licensee hereby accepts from Licensor, an exclusive (within the Territory,
nonexclusive outside of the Territory even as to Licensor except as otherwise provided herein and except as to the parties identified in Section 2.3 below), non-transferable, non-sublicensable (except as contemplated herein to End Users) right and
license to use the Software Products to market and distribute such Software Products and related network services to end users whose principal place of business is located within the Territory, including such entities’ controlled affiliates
worldwide (“End Users”) which shall include the right to make sufficient copies to demonstrate the Software Products and produce marketing materials from materials developed and provided by Licensor, to provide maintenance support services
to End Users solely in support of the Software Products, and to use the documentation provided with the Software Products in support of Licensee’s authorized use of the Software Products hereunder. Licensee may appoint subdistributors within
the Territory to exercise its distribution and marketing rights with the prior written consent of Licensor, which shall not be unreasonably withheld, and provided that such subdistributors are bound in advance by enforceable written agreements that
contain restrictions on the Software Products, liability limitations, and warranty disclaimers, that are at least as protective of Licensor as those set forth in this Agreement and in Licensor’s then current version standard form subdistributor
agreement. Licensor hereby consents to the appointment of Softbank E-Commerce Corp. and Softbank Corp. as subdistributors subject to their execution of such subdistributor agreement as required above. Licensee’s business pricing model for the
Software Products shall be based upon Licensor’s U.S. published list price and licensing methodology as provided by Licensor from time-to-time although Licensor and Licensee shall discuss in good faith from time to time whether such model
should be modified based on local circumstances. 

  

	 	2.2	Licensee hereby acknowledges that the rights granted to Licensee hereunder are limited to entities whose principal place of business is located within the Territory, and any such
entities’ wholly owned subsidiaries worldwide, and Licensee shall not otherwise license or distribute or make available the Software Products without the prior written authorization of Licensor. Licensee shall require each End User to execute
enforceable written agreements that are at least as protective of Licensor and the Software Products (and all intellectual property rights therein) as the then current version of Licensor’s standard form end user agreement for the applicable
Software Products that Licensor has provided to Licensee. 

  

	 	2.3	Licensee acknowledges and agrees that prior to the date hereof, Licensor has granted the third parties identified on Schedule B the rights to reproduce, market and distribute the
Software Products worldwide including to entities whose principal place of business is in the Territory including any such entities controlled affiliates, and that the rights and licenses granted in Section 2.1 above and Section 2.4 below remain
subject thereto. In addition, Licensee acknowledges and agrees that Licensor has in the past and shall retain the right to enter into and perform agreements with end users whose principal place of business is located outside the Territory but who
may have controlled affiliates 

  

	 	    	located in the Territory, and that the rights granted in Section 2.1 above remain subject thereto; provided that so long as the exclusive rights granted in Section 2.1 above are in
effect no such agreements shall provide the right to develop or distribute to such end users or affiliates localized Japanese versions of any Software Products. In addition, Licensee acknowledges and agrees that the rights and licenses granted in
Section 2.1 above and Section 2.4 below are also subject to obligations that Licensor may assume as a result of the acquisition of third parties (or products or services of third parties), which obligations may include commitments as to the products
of the acquired party that would otherwise violate Sections 2.1 or 2.4. Licensor shall use commercially reasonable efforts (without being required to violate any obligations) to integrate such third party products into the rights granted under this
Agreement through, for example (but not by way of limitation), establishment of a subdistribution arrangment. 

  

	 	2.4	A.    Subject to the terms and conditions of this Agreement, Licensor hereby grants Licensee (a) an exclusive, non-transferable license to use the name
“Ariba” as part of a corporate name for an entity whose principal place of business is in the Territory (and as long as the rights hereunder remain exclusive, Licensor agrees that it shall not grant the right for the establishment of
another entity operating under the Ariba name and selling Software Product in the Territory), (b) a non-exclusive, non-transferable license to use the name “Ariba” (collectively, the marks set forth in (a) and (b) above constituting the
“Identity Marks”), and (c) a non-exclusive, non-transferable license to use all trademarks or servicemarks of Licensor used as the names of any current or future Software Products, (the “Product Marks” and collectively, the
Identity Marks and the Product Marks constituting the “Marks”) including any residual local goodwill value of Ariba, Inc., in each case only in the Territory or in connection with sales expressly allowed hereunder, and only in accordance
with Licensor’s trademark and branding and usage guidelines that are provided to Licensee from time to time (the “Guidelines”). A copy of Licensor’s current Guidelines is attached hereto as Schedule C. 

 
 B.    Licensor shall have the right, from time to
time, to inspect Licensee’s use of the Marks and to request samples from Licensee indicating such use. In the event that Licensor determines in Licensor’s reasonable discretion that Licensee’s use of a Mark violates the Guidelines,
Licensor may suspend Licensee’s use of such Mark until such time as Licensee has corrected all such violations to Licensor’s reasonable satisfaction. 
  

C.    Licensor shall make all reasonable registrations and filings, execute all documents reasonably required under applicable law
and take such other actions as are reasonably necessary to protect the Marks in the Territory. Licensee shall have the right to reasonably request that Licensor diligently pursue trademark registrations in the Territory with respect to any of the
Marks. 
  

	 	2.5	Licensor grants no rights or licenses except those expressly and unambiguously set forth in this Agreement. 

  

	 	2.6	Immediately upon the occurrence of a Modification Event (as such term is defined in the Shareholder Agreement, dated October 19, 2000, by and among Licensor, Licensee, Softbank
Corp., a Japanese corporation and Softbank E- 

  

 27 

	 	    	Commerce Corp., a Japanese corporation and direct wholly owned subsidiary of Softbank Corp.), without any action by Licensor or Licensee: (i) the rights and licenses set forth in
Section 2.1 shall become non-exclusive in all respects, and (ii) the rights and licenses set forth in Section 2.4(a) and Section 2.4(b) shall terminate in all respects. 

  

	3.	Fees and Payment 

  

	 	3.1	In consideration for the rights granted to Licensee hereunder, Licensee shall pay to Licensor a fee for all licenses granted by Licensee after the Effective Date, payable quarterly,
equal to the percentage listed on Schedule D in relation to the relevant fees charged for (and for use of) Software Products and support services as reflected in the applicable order for such Software Products and support services
(“Fees”). 

  

	 	3.2	All Fees payable by Licensee to Licensor pursuant to Section 3.1 hereof shall be paid on a quarterly basis, within thirty (30) calendar days after the close of the fiscal quarter to
which such fees relate. Any quarterly payment made later than sixty (60) calendar days after the close of the fiscal quarter shall incur interest at the equal to a rate of one (1) percentage point per month. Each payment of Fees shall include all
Fees attributable to all Software Products and support services ordered during the quarter from Licensee. With each Fee payment Licensee shall provide a detailed report reasonably satisfactory to Licensor in form and content stating the number of
units and description of Software Programs shipped by Licensee during the quarter and for each such Software Programs the relevant End User and subdistributors if any, an explanation of the calculation of the Fee payment for the quarter, a list of
all subdistributors including names and addresses, and other information reasonably sought by Ariba with respect to such Fee payment. 

  

	 	3.3	Licensee shall pay any taxes, including sales, use, personal property, value-added, excise, customs fees, import duties or stamp duties or other taxes and duties imposed by
governmental agencies of whatever kind and imposed with respect to all transactions under this Agreement under this Agreement including penalties and interest but specifically excluding any income taxes payable by Licensor. If withholding is
required it shall be netted from amounts otherwise due hereunder, all taxes added to the invoice, as prescribed by applicable law, will be paid by Licensee “net thirty (30) days” from the date of invoice or other notification. Where
appropriate, in order to assist Licensor in obtaining tax credits or deductions, Licensee shall provide to Licensor original or certified copies of all tax payments or other evidence of payment of taxes by Licensee with respect to transactions or
payments under this Agreement. Licensee shall take all reasonable actions requested by Licensor which will assist Licensor in reducing its tax liability with respect to transactions under this Agreement, including, but not limited to, applying on
its own or Licensor’s behalf for reduced withholding rates, concessionary tax rates or other favorable tax treatment. “Delivery” of the Software Products shall be deemed to occur when shipped to Licensee as follows – DAF
“named destination” (Incoterms 1990). Title to the media only, and not the Software Products or related documentation, shall pass on delivery. If delivered electronically, delivery of the Software Products and documentation shall be deemed
to occur on, and at the location of, the Licensee’s 

  

	 	    	computer where the Software Product is downloaded. The Licensee’s right to use each additional authorized copy of the Software Products, as permitted under this Agreement,
shall be deemed to arise at such location the original copy was first installed. Licensee shall confirm and acknowledge receipt, method of delivery, and place of installation of Software in writing if transmitted electronically.

  

	 	3.4	At all times during the term of this Agreement and for a period of 5 years thereafter, Licensee shall maintain at its principal place of business full, complete and accurate records
of its activities under this Agreement. Upon reasonable notice, Licensee shall permit Licensor’s representatives to inspect the books, records, computer systems, equipment and facilities of Licensee, during normal business hours, to verify
Licensee’s compliance with the terms and conditions of this Agreement. Without limiting the generality of this Section 3.4, Licensor shall have the right, at its own expense, to audit Licensee’s books and records of account, to confirm the
accuracy of the reports submitted by Licensee pursuant to Section 3.2 hereof, and the amounts of Fees paid by Licensee pursuant to Section 3.1 hereof. 

  

	 	3.5	Unless otherwise specified in writing by Licensor, all Fees payable hereunder shall be in U.S. Dollars and shall be calculated by applying the exchange rate of the market on the day
the payment accrues. 

  

	 	3.6	Licensee and Licensor will discuss in food faith and agree upon a revenue allocation mechanism for worldwide sales by either party which contemplate distribution or use of Software
Products both inside and outside the Territory, i.e., for cases where Licensee licenses Software Products outside of the Territory and for cases where Licensor licenses Software Products inside of the Territory. 

  

	4.	Obligations of Licensee 

  

	 	4.1	Licensee represents, warrants and covenants that it shall: 

  
 A)    use all diligent efforts to license or distribute the Software Products to End Users as permitted hereunder and comply with good
business practices and all applicable laws and regulations of the Territory and the United States (including but not limited to, United States laws and regulations governing export, foreign corrupt practices, and the like), pay all fees and other
charges required by such laws and regulations, and maintain in full force and effect all material licenses, permits, authorizations, registrations and qualifications from all applicable governmental departments and agencies to the extent necessary
to perform its obligations hereunder. 
  
 B)    not (and shall not permit others to) attempt to (a) reverse compile, disassemble, reverse engineer or otherwise reduce to human perceivable form any of the Software Products, (b) rent, sell, lease or encumber the
Software Products or any part thereof or use it for the benefit of any third party, including without limitation time-sharing and using the Software Products in a service bureau environment, or (c) remove, obscure, alter or fail to reproduce any
notices, designations or other marks included on or with the Software Products or marketing materials by Licensor. In addition, Licensee acknowledges that the results of any performance tests of the Software Products and services rendered

  

 using the Software Products shall constitute Confidential Information of Licensor; 
  
 C) not market, promote, sell, lease, solicit or procure orders for or
otherwise represent any product in competition with Licensor or any of the Software Products in the Territory and shall conduct its business in a manner that favorably reflects upon the Software Products; 
  
 D) not make any warranty with respect to the Software Products that extends
in any manner beyond the warranties made by Licensor pursuant to Section 5 below; and 
  
 E) obtain written agreements with End Users as required by Section 2.2 above and subdistributors as required by Section 2.1 above and fully enforce the obligations required by this Agreement on End Users and
subdistributors. 
  

	 	4.2	The failure by Licensee to comply with any of its obligations as set forth in this Section 4 shall constitute a breach of this Agreement and shall entitle Licensor to give notice to
Licensee requiring it to cure such breach. 

  

	 	4.3	As between Licensee and Licensor, Licensee shall be responsible for all direct technical support to End Users and subdistributors in accordance with the policies attached hereto as
Exhibit E. Such support responsibilities will include, but are not limited to, Software Product installation (using the AribaLive Methodology or other implementation delivery services know how as provided from time-to-time by Licensor),
consultation, and distribution of updates provided by Licensor. Licensee shall also be responsible for all education and training of End Users and subdistributors regarding the Software Products. Licensee shall have the right to appoint third-party
subcontractors, including but not limited to subdistributors, to fulfill any or all of its support obligations under this Section 4.3, provided that any such subcontractor or subdistributor enters into a written agreement containing restrictions of
the Software Products, liability limitations and warranty disclaimers that are at least as protective of Licensor as those set forth in this Agreement. 

  

	5	Software Warranty and Support 

  

	 	5.1	Licensor warrants only to Licensee that Software Products licensed under this Agreement will perform in all material respects in accordance with the then current published
documentation for a period of twelve (12) months from the date of shipment, hereinafter referred to as the “Warranty Period.” 

  

	 	5.2	During the Warranty Period, Licensor shall take all reasonable steps without charge to correct errors or defects in any Software Product and any corrections for errors or defects
shall, at Licensor’s election, be provided to Licensee directly and/or incorporated in subsequent updates from Licensor; provided, however, that in any event any such correction shall be provided within a reasonable period of time commensurate
with the severity of the error or defect in the Software Product covered hereunder. This obligation under Section 5.2, shall constitute 

  

	 	    	Licensor’s sole obligation and Licensee’s sole remedy for breach of the warranty in Section 5.1. 

  

	 	5.3	Any modifications or alteration of a Software Product by Licensee without the express prior written approval of Licensor shall void Licensor’s obligations under this Section 5.

  

	 	5.4	Licensor does not warrant that the Software Products will operate in accordance with the published documentation in the combinations which may be selected for use by Licensee, or
will meet Licensee’s requirements. Licensor does not warrant that the operation of the Software Products will be uninterrupted or error free, or that all Software Product errors will be corrected. 

  

	 	5.5	THE WARRANTIES SET FORTH IN THIS SECTION 5 CONSTITUTE THE ONLY WARRANTIES WITH RESPECT TO ANY SOFTWARE PRODUCT. THEY ARE IN LIEU OF ALL OTHER WARRANTIES, CONDITIONS OR OTHER TERMS,
WRITTEN OR ORAL, STATUTORY, EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION THE WARRANTY OF MERCHANTABILITY, THE WARRANTY OF FITNESS FOR A PARTICULAR PURPOSE, AND THE WARRANTY OF NONINFRINGEMENT, ALL OF WHICH ARE EXPRESSELY EXCLUDED.

  

	 	5.6	In consideration of the Fees paid by Licensee hereunder which are based on Maintenance Support charged by Licensee, and in support of Licensee’s provision of support to End
Users, Licensor shall provide Licensee with the following technical support services in accordance with Licensor’s then current maintenance support policies (those in effect as of the Effective Date are attached hereto as Schedule E, Attachment
1), including but not limited to, the following: 

  

	 	5.6.1	Initial training (up to 40 hours) of Licensee personnel in the use, installation and support of the Software Products; 

  

	 	5.6.2	Telephone and e-mail consultation, assistance, and advice relevant to questions pertaining to use of the Software Products by End Users and subdistributors which have paid Licensee
for Software Product support, which questions Licensee’s own technical staff is unable to answer; 

  

	 	5.6.3	Localized correction to errors reported in the current release of the Software Products as such corrections become available; and 

  

	 	5.6.4	Localized versions of all updates, modifications and enhancements to the Software Products which Licensor makes generally available through maintenance support in a timely manner
after any such general availability; and 

  

	 	5.6.5	Providing accurate and detailed documentation with regard to the Software Products and updates thereto. 

  

	6	Intellectual Property Rights and Infringement Indemnity 

  

	 	6.1	As between the parties, Licensor shall hold legal title and interest to all intellectual and other proprietary rights embodied in, or relating to the Software Products or the Marks.
Any modification adaptations, or translations of the Software Products or related documentation created by or for Licensee, including without limitation all material that is derived or modified from the Software Programs and related documentation
(“Modifications”) produced under this Agreement shall be considered a “work made for hire” under United States copyright law and shall be owned exclusively by Licensor or its designee. Licensor shall hold, and Licensee shall and
hereby does assign to Licensor, all right, title and interest in and to such Modifications, and all intellectual and other proprietary rights embodied in or relating to such Modifications. Licensee shall cooperate with Licensor or its designee and
to execute any further assignment or documentation requested by Licensor to secure Licensor’s ownership of the Modifications and intellectual and other proprietary rights protection for such Modifications. 

  

	 	6.2	In the exercise of its rights and the performance of its obligations hereunder, Licensee shall take no action which, in the reasonable opinion of Licensor, may impair
Licensor’s legal title to the intellectual property or other proprietary rights in the Software Products or the Marks. Without limiting the generality of the foregoing obligation, (i) each copy of the Software Products, marketed, distributed or
licensed by Licensee shall bear all proprietary rights notices as Licensor shall require; and (ii) Licensee shall not adopt, register, seek to register or use any other trademark, trade name, symbol or logo in connection with the Software Products
without the prior written authorization of Licensor. 

  

	 	6.3	Licensee shall render to Licensor all assistance as may be required by Licensor in order to preserve and protect the validity and enforceability of Licensor’s legal title to
all intellectual and other proprietary rights in the Software Products and the Marks. Licensor shall reimburse Licensee’s reasonable out-of-pocket expenses incurred in providing such assistance. 

  

	 	6.4	Licensee further agrees that it shall promptly notify Licensor (i) of any and all infringements, imitations, illegal use, or misuse, by any person, firm or entity, of the
intellectual and other proprietary rights which comes to its attention; and (ii) of any claims or objections that Licensee’s use, reproduction, marketing, distribution or sublicensing of the Software Products may or will infringe or violate the
copyrights, patents, trade marks or other proprietary rights of any other person, firm or entity. 

  

	 	6.5	Infringement Indemnity. 

  

	 	6.5.1	Subject to section 6.5.2 and 6.5.3, Licensor shall, at its own expense, defend Licensee against any claim, allegation or action instituted against Licensee that the Software
Products used in accordance with the terms of this Agreement infringe any patent, copyright, trade secret, or other proprietary right of a third party, provided that Licensor is: (a) notified promptly in writing of any such claim or action related
thereto of which Licensee becomes aware; (b) given the right to control and direct the 

  

	 	    	investigation, preparation, defense and settlement of the claim or action; and (c) given Licensee’s reasonable assistance and cooperation for the defense of same. Licensor
shall reimburse Licensee’s reasonable out-of-pocket expenses incurred in providing such assistance.Licensor agrees to pay any final award of damages assessed against Licensee resulting from such claim or action, including any awarded costs and
attorneys fees, or any settlement amount agreed to by Licensor. Licensor will not be responsible for any settlement it does not approve in writing. 

  

	 	6.5.2	Following notice of a claim or any facts which may give rise to a claim, Licensor may, in its sole discretion and at its option, (a) procure for Licensee the right to continue to
use the Software Products as set forth in to this Agreement and (including any applicable Schedules), (b) replace the Software Products with non-infringing products offering materially similar functionality, or (c) modify the Software Products to
make them non-infringing while maintaining materially similar functionality. If Licensor determines that it is not commercially reasonable to perform any of these alternatives, Licensor shall have the option to terminate the license with respect to
the allegedly infringing Software Products. 

  

	 	6.5.3	In no event will Licensor have any obligations under this Section or any liability for any claim or action if the claim or action is caused by, or results from: (a) Licensee’s
combination or use of the Software Products with non-Licensor software or services, products or data, if such claim or action would have been avoided by the non-combined or exclusive use of the Software Products, (b) modification of the Software
Products as provided by Licensor to Licensee by anyone other than Licensor or Licensor’s agent if such claim or action would have been avoided by use of the unmodified Software Products, (c) Licensee’s continued allegedly infringing
activity after being notified thereof or after being provided modifications that would have avoided the alleged infringement, (d) Licensee’s use of the Software Products in a manner not strictly in accordance with this Agreement, (e)
Licensor’s modification of the Software Products in compliance with Licensee’s specifications, or (f) use of other than Licensor’s most current release of the Software Products if the claim or action would have been avoided by use of
the most current release, provided Licensee is given an opportunity to use such most current release for no additional License Fee. Licensee will defend, or at its option settle, and indemnify Licensor for any claims referred to in this subsection
in the same manner as provided above. 

  
 THE
FOREGOING STATES LICENSOR’S ENTIRE LIABILITY AND LICENSEE’S SOLE AND EXCLUSIVE REMEDY FOR INTELLECUTAL PROPERTY RIGHTS INFRINGEMENT. 
  

	7	Confidential Information 

  

	 	7.1	Licensee acknowledges and agrees that any and all of Licensor’s Confidential Information disclosed to License hereunder, including, but not limited to the source code of any
Software Product, is the sole property of Licensor, and is disclosed solely to permit Licensee to exercise its rights and perform its 

  

 33 

	 	    	obligations under this Agreement. Without obtaining Licensor’s prior written consent, Licensee shall not (i) copy, duplicate or use any such Confidential Information by any
means or technique, except as necessary to perform its obligations or exercise its rights under this Agreement; or (ii) disclose or reveal any such Confidential Information to any other person, firm or entity, except those of Licensee’s
employees who require access to Licensor’s Confidential Information in order to permit Licensee to perform its obligations hereunder. Licensee shall take all steps, and shall implement all procedures, upon the request by Licensor, to protect
Licensor’s Confidential Information against unauthorized use and/or disclosure. 

  

	 	7.2	The provisions of this Section 7 shall not apply to data and information disclosed to Licensee by Licensor, if they (i) have come into the public domain without breach of confidence
by Licensee, its representatives or any other person, firm or entity; (ii) were received by Licensee from a third party without restrictions on their use in favor of Licensor; or (iii) are required to be disclosed pursuant to any statutory
requirement or court order, provided, however, that Licensee shall have the burden of establishing any of the above exceptions. 

  

	8	Limitations of Liability 

  
 NEITHER PARTY SHALL IN ANY EVENT HAVE OBLIGATIONS OR LIABILITIES TO THE OTHER PARTY OR ANY OTHER PERSON WHETHER IN CONTRACT, TORT, STRICT LIABILITY OR ANY
OTHER LEGAL THEORY FOR LOST PROFITS, INDIRECT, INCIDENTAL, CONSEQUENTIAL LOSS OR DAMAGE, HOWSOEVER ARISING. THIS SHALL INCLUDE WITHOUT LIMITATION, LOSS OF PROFITS, LOSS OF USE, LOSS OF DATA, LOSS OF OPPORTUNITY, OR INCIDENTAL, INDIRECT, OR SPECIAL
DAMAGES, EVEN IF A PARTY KNEW, SHOULD HAVE KNOWN OR HAS BEEN ADVISED OF THE POSSIBILITY THEREOF. THIS EXCLUSION OF LIABILITY SHALL APPLY TO ANY LOSS OR DAMAGE ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT, ANY OBLIGATION HEREUNDER, OR THE
SALE, DELIVERY, USE, REPAIR OR PERFORMANCE OF THE SOFTWARE PRODUCTS OR ANY FAILURE OR DELAY IN CONNECTION WITH ANY OF THE FOREGOING. 
  
 LICENSOR’S LIABILITY WITH RESPECT TO SOFTWARE PRODUCTS, SERVICES OR ANY OTHER SUBJECT MATTER OF THIS AGREEMENT WHETHER ARISING UNDER CONTRACT, TORT,
STRICT LIABILITY OR OTHERWISE SHALL IN NO EVENT EXCEED THE FEES FOR THE SOFTWARE PRODUCTS LICENSED HEREUNDER RECEIVED BY LICENSOR IN THE TWELVE MONTH PERIOD IMMEDIATELY PRECEDING ANY CLAIM. IN NO EVENT SHALL LICENSOR BE LIABLE FOR COSTS OF
PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES. NOTHING IN THIS AGREEMENT SHALL LIMIT LICENSOR’S LIABILITY FOR DEATH OR PERSONAL INJURY RESULTING FROM LICENSOR’S NEGLIGENCE. 
  
 NOTWITHSTANDING THE FOREGOING, THE ABOVE LIMITATIONS SHALL NOT APPLY TO EITHER PARTY’S INDEMNITY OBLIGATIONS

  

 UNDER SECTION 6.5 OR LICENSEE’S VIOLATION OF LICENSOR’S INTELLECTUAL PROPERTY RIGHTS INCLUDING
LICENSEE’S OBLIGATIONS UNDER SECTION 4.1B). 
  

	9	Term and Termination 

  

	 	9.1	This Agreement shall enter into effect on the Effective Date and shall remain in full force and effect unless terminated earlier in accordance with the provisions of this Section 9.

  

	 	9.2	Either party may terminate this Agreement forthwith at any time upon giving not less than thirty (30) days prior written notice thereof to the other party if the other party
violates any of the terms or conditions of this Agreement and fails to cure such violation to the reasonable satisfaction of the other party within such thirty (30) day period. Furthermore, Licensor may terminate this Agreement immediately upon
written notice if Licensee voluntarily or involuntarily seeks dissolution, is declared insolvent, fails to pay its debts as they come due, makes an assignment for the benefit of creditors, becomes subject to proceedings under any bankruptcy or
insolvency law, or suffers the appointment of a receiver or trustee over all or substantially all of its assets or properties. Neither party shall be liable to the other party for any loss or damage, however caused, resulting from termination of
this Agreement, provided, however, that termination of this Agreement in accordance with this Section 9.2 shall not adversely affect or impair the non-breaching party’s right to pursue any legal remedy or recover damages resulting from the
breaching party’s breach or default. In the event of termination hereunder, all rights and licenses granted hereunder including, without limitation, those to any subdistributors shall forthwith terminate and the Licensee shall immediately cease
using and shall destroy all copies of the Software Products, and shall return to Licensor all Licensor Confidential Information and any copies thereof. 

  

	 	9.3	Licensee shall not be relieved of its confidentiality obligations upon termination of this Agreement. 

  

	 	9.4	To the extent permitted by applicable law, neither party shall be liable to the other party for, and each party hereby expressly waives any right to, any termination compensation of
any kind or character whatsoever, to which such party may be entitled solely by virtue of termination of this Agreement. 

  

	 	9.5	Article 3, Sections 4.1 and 6.5, and Articles 7, 8, 9 and 10 shall survive any termination or expiration of this Agreement. 

  

	10	General 

  

	 	10.1	This Agreement is governed by the laws of the state of California, U.S.A., as if made and entered in that state between two residents thereof. The parties expressly disclaim
application of the United Nations Convention for the International Sale of Goods, and Licensee hereby submits, at the election of Licensor, to the exclusive jurisdiction of the courts of the United States and California having jurisdiction over
Licensor’s principal place of business. This Agreement constitutes the entire agreement and understanding between the 

  

 35 

	 	    	parties and supersedes all prior negotiations, representations, or agreements, whether written or oral. If any part of this Agreement shall be invalid or unenforceable, such
invalidity or unenforceability shall not affect the validity or enforceability of the remaining terms and conditions. 

  

	 	10.2	In the exercise of their respective rights and the performance of their respective obligations hereunder, the parties hereto are, and shall remain, independent contractors.

  

	 	10.3	Notwithstanding anything in this Agreement to the contrary, neither party shall be liable to the other party for any failure to perform or delay in the performance of any obligation
hereunder, other than an obligation to pay money, when such failure to perform or delay in performance is caused by an event of force majeure; provided, however, that the party whose performance is prevented or delayed by such event of
force majeure shall give prompt notice thereof to the other party. 

  

	 	10.4	Licensee may not assign or transfer this Agreement, or any of its rights or obligations hereunder, without the prior written consent of Licensor, given in its sole discretion.
Licensor may transfer and delegate any of its rights and obligations hereunder at any time upon written notice to Licensee. 

  

	 	10.5	The prevailing party in any legal proceeding brought by one party against the other party and arising out of or in connection with this Agreement shall be entitled to recover its
legal expenses, including court costs and reasonable attorneys’ fees. 

  

			
	 Ariba, Inc.
	 	Nihon Ariba K.K.
		
	 By:                                      
                                        
                                        
 
	 	By:                                      
                                        
                                      
 
	 Name:                                     
                                        
                                    
	 	Name:                                     
                                        
                                  
	 Its:                                      
                                        
                                        
  
	 	Its:                                      
                                        
                                       
 

  

 SCHEDULE A 
  

TERRITORY 
  
 Japan 
  

 SCHEDULE B 
  

EXCLUDED DISTRIBUTORS 
  
 IBM 
  
 J.D. Edwards World Solutions Company 
  
 i2 Technologies, Inc. 
  
 EDS/CoNext 
  
 Unisys 
  
 Epylon 
  
 CTC 
  
 Sabre 
  
 Hewlett Packard 
  
 Arthur Anderson 
  
 Petrocosm Corporation 
  

 SCHEDULE C 
  

ARIBA TRADEMARK USAGE GUIDELINES 
  
 General Terms and Conditions 
  
 You must comply with the following guidelines in order to avoid any breach of the terms and conditions under which you have been authorized or licensed to use the logos,
trademarks and/or service marks of Ariba, Inc.: 
  

	·	All logos, trademarks or service marks under which Ariba markets and/or promotes its products and services are, and shall remain, the exclusive property of Ariba, Inc

  

	·	Advertising for Ariba, its products, its services or its programs must not be in violation of any United States federal or state laws, municipal ordinances or administrative agency
regulations, or the laws, rules and regulations of any other country. 

  

	·	Advertising for Ariba, its products, its services or its programs must not be misleading in price, features or specifications. 

  
 Ariba may modify these guidelines from time to time, and you will be bound to comply with the
material contained in the updated guidelines. 
  
 Trademark Usage Guidelines

  
 All Ariba trademarks and service marks must be used as adjectives
(product or service name) modifying nouns ( a generic term such as software, program, application or solution). Trademarks must not be used as nouns or verbs. Trademarks must never appear in plural or possessive form. In addition, the full trademark
(as shown in the list below) must be used, not an abbreviated version of the name. 
  
 Examples: 
  
 Incorrect 
  

	·	Ariba® Dynamic Trade’sTM features include reverse auctioning. 

  

	·	The Ariba® BuyerTM is distributed by Ariba, Inc.  

  
 Correct 
  

	·	The Ariba® BuyerTM application facilitates corporate procurement. 

  

	·	The Ariba® MarketplaceTM solution connects buyers and suppliers. 

  
 The first use of the trademark in a document should include proper notation indicating that is used as a registered (with the “®” symbol) or an unregistered (with the “TM” symbol) trademark. After the first use of a
trademark as an adjective followed by a noun, and if needed for ease of writing, you may leave out the generic noun in some of the subsequent uses where it is clearly understood 
  

 to be implied from the context, so long as the trademark is not pluralized or made possessive, and the trademark is
followed by the generic noun at least once per page. 
  
 You may not use our
trademarks, whether design or word marks, in the following ways: 
  

	·	In a non-Ariba product name or publication title 

	·	In, as, or as part of, your own trademarks 

	·	To identify products or services that are not produced or distributed by Ariba 

	·	In connection with activities, products, or services outside of the scope of your license from Ariba 

	·	In a manner likely to cause confusion 

	·	In a manner that implies inaccurately that Ariba sponsors or endorses your activities, products, and services 

	·	In a manner disparaging of Ariba 

  
 All materials must include a trademark attribution statement for Ariba products and services. The model full attribution statement that we request you use is: 

  
 Ariba and the Ariba logo are registered trademarks of
Ariba, Inc. Ariba B2B Commerce Platform, Ariba Buyer, Ariba Marketplace, Ariba Dynamic Trade, Ariba Commerce Services Network, buyer.ariba, supplier.ariba, ECTranslator, ECTransport, Walkup UI, Supplier Advisor, and Making the Net Work for B2B are
trademarks or service marks of Ariba, Inc. 
  
 Only those product names
mentioned in the materials need to be included in the attribution statement. As additional trademarks are registered by the U.S. Patent and Trademark Office, the specific wording of the attribution statement will change. Please check the trademark
information available at the Ariba web site frequently for updates. 
  
 Following
is a list of Ariba trademarks and service marks. The list is not necessarily exhaustive, and Ariba may own other trademarks. 
  

			
	 Ariba®
 Ariba (“boomerang” logo) ®
 Ariba® B2B Commerce PlatformTM
 Ariba® BuyerTM
 Ariba® MarketplaceTM
 Ariba® Dynamic TradeTM
 Ariba® Commerce Services NetworkTM
	 	 Buyer.aribaTM
 Supplier.aribaTM
 ECTranslatorTM
 ECTransportTM
 Walkup UITM
 Making the Net Work for B2BSM
 Supplier AdvisorSM

  

 SCHEDULE D 
  

FEE RATE 
  
 For Software Products with a U.S. list price, Licensee shall pay fifty percent (50%) of the U.S. list price license fees or fifty percent (50%) of the license fees booked by Licensee from the distribution of such
Software Products, whichever amount is greater. 
  
 For all other bookings by
Licensee from the use or distribution of Software Products, including but not limited to gainshare and commerce services (but excluding education and training) (as such terms are customarily defined by Ariba) Ariba shall receive fifty percent (50%)
of all such bookings. 
  
 For maintenance support of the Software Products,
Licensee shall pay Ariba fifty percent (50%) of the bookings received by Licensee for such support services. 
  
 The parties contemplate and, to the extent permitted by applicable law, hereby agree that Licensee’s list price for the Software Products shall be equal to or in excess of 140% of the Licensor U.S. list price for
such products. 
  

 Schedule E 
  
 (End User Support Services Responsibilities of Licensee & Procedures) 
  
 Objective: 
  
 This document describes the technical support responsibilities of the parties
and the agreed procedures for passing support cases and related information between Licensor and Licensee. The objective is to provide seamless and responsive support to End Users under support with Licensee (“Supported End User(s)”) and
maintain high levels of customer satisfaction. Processes for all geographies are described below. 
  
 I.    Support Procedures 
  

	A.	Overview of End User Support Process: 

  

	 	1.	Level 1. Licensee shall be responsible for providing Level 1 support to Supported End Users, as described in section II.A.1 herein. For all support requests, the Supported End User
must contact Licensee for an Licensor product issue. Upon receiving such request, Licensee’s support organization will open a case to track the process, and dispatch the case to the appropriate queue within their organization.

  

	 	2.	Level 2. For all Supported End User support requests that cannot be resolved by Licensee’s Level 1 efforts, Licensee shall provide Level 2 support as described in section
II.A.2 herein. Licensee’s Engineer (TSE) trained on Licensor Products will provide Level 2 support. 

  

	 	3.	Level 3. If the problem cannot be solved by the Licensee’s Level 1 and Level 2 support, Licensee’s TSE will contact Licensor for Level 3 support as described in section
II.B herein. Licensee’s TSE will estimate the Severity Level for the case (consistent with the guidelines below) and contact the Licensor Technical Assistance Center (TAC). The TAC representative will open a case, log the existing case
information into Licensor’s case tracking system, including Licensor’s determination of the Severity Level, and assign an Licensor case number. The customer’s contact information and the Licensee case number will be included in the
logging process so that it is visible to Licensor. 

  

	 	4.	All new cases supported by Licensor (Level 3 support) will be logged into Licensor’s call tracking system, at which time a call-tracking number will be generated and sent to
Licensee. 

  

	 	5.	The Licensee TSE will update the Licensee case with the Licensor Problem Tracking number. The Licensee case will remain open. 

  

	 	6.	Once the call is logged into Licensor’s call-tracking system, an Licensor support engineer will be assigned to work the case, and will remain the primary contact for the issue
until resolution. After receipt of notification of the Licensor call-tracking number for a case, the Licensee TSE shall reference the Licensor call-tracking number in all subsequent communications to Licensor regarding the case.

  

	 	7.	If Licensor requires additional information (i.e. logs, traces, etc.) from the customer, they will obtain that information through the Licensee TSE, or in the event the Licensee TSE
believes a direct contact between the customer and Licensor is required to solve the issue, Licensor may choose to contact the customer directly. 

  

	 	8.	Licensor will use commercially reasonable efforts to resolve the case by providing to Licensee a code fix, maintenance release, workaround or other resolution of the issue as
appropriate dependent on the Severity Level. 

  

	 	9.	Upon successful closure of the Licensor case, the Licensee TSE will provide the customer with the relevant technical information or fix regarding the problem and close out the case
with the appropriate documentation. 

  

	B.	Contacting Licensor 

  
 Licensee may contact Licensor by the following methods: 
  
 1.    Email 
 For Severity 2, 3 or 4 issues, Licensee may report cases to Licensor via email. This mechanism is also appropriate for casual product inquiries. All emails received will be entered into Licensor’s call tracking
system, given a call tracking number, then assigned to the appropriate support personnel. Licensee will NOT rely on email for Severity 1 issues. When sending emails to Licensor, Licensee agrees to use the email alias name for the respective Licensor
Products as follows: support@Licensor.com 
  
 2.    Licensor Global 7x24 Technical Assistance Center: 1-(650)-930-6400 or 1-888-89-Licensor 
 For Severity 1 cases, Licensee shall contact the Licensor Global 7x24 Technical Assistance Center at the telephone number above. For Severity 2, 3, or 4 cases, Licensee may use this telephone number or email. If voicemail is reached, the
Licensee TSE should leave a message including the customer’s company name, the Licensee case number, the Licensee TSE contact telephone number, and estimated Severity Level of the issue. And select the trigger for an immediate page to a TAC
support person, who, for Severity 1 and Severity 2 issues, will contact Licensee at the number left in the message within one hour. If a response is not received from Licensor within one hour, the Licensee may escalate the matter to an Escalation
Manager. 
  

 3.    Licensor Global 7x24 Escalations: 1-(650)-930-6400 or 1-888-89-Licensor

 The above telephone number provides Licensee with access to the Licensor Escalation Manager. This phone number is to be used: if
the Licensee or the Supported End User reasonably becomes dissatisfied with the progress of problem resolution, response time, needs to discuss increasing the Severity Level of the issue, or the issue appropriately needs to be brought to
Licensor’s management’s attention. If voicemail is reached, the Licensee TSE should leave a message containing the customer’s company name, the Licensee case number, the Licensee TSE contact telephone number, and Severity Level of the
issue. And select trigger for an immediate page to an Escalation Manager, who, for Severity 1 and Severity 2 matters will contact Licensee at the number left in the message within one hour. 
  
 4.    Business Support Contacts 

For general business issues, the key contacts for Licensor and Licensee are: 
  

			
	 Licensee Contact:
	 	 Licensor Contact:

	                                       
                                        
                                        
        
	 	 Marci Risoen

	                                       
                                        
                                        
        
	 	 Licensor, Inc

	                                       
                                        
                                        
        
	 	 1585 Charleston Road, M/S B.1

	                                       
                                        
                                        
        
	 	 Mountain View, CA 94043

	                                       
                                        
                                        
        
	 	 mrisoen@Licensor.com

	                                       
                                        
                                        
        
	 	 (650) 930-6361

  
 5.    Language 
 All Licensor support, and support-related contacts between Licensor and Licensee,
shall be conducted in English. 
  
 II.    Support Levels: Roles and Responsibilities 
  

	A.	Licensee Responsibilities/Support Levels 

  

	 	1.	Licensee Call Coordination/Dispatch (case tracking) “Level 1”: 

  
 Supported End User Support Call Centers/Call Coordination is responsible for providing the following services to the Supported End User: 
  

	 	·	Answer customer calls – initial response (acknowledgement of receipt) must be within 1 hour. 

	 	·	Verify customer’s eligibility for technical support 

	 	·	Logging End User Support into cases tracking database 

	 	·	Assigning case severity/estimated priority levels 

	 	·	Routing/Dispatching new and existing cases to support engineers 

	 	·	Transitioning cases to End User Support 

	 	·	Escalating cases and/or customer concerns when necessary 

	 	·	Fulfilling pre-approved software emergency bug fixes, rollups, and maintenance releases 

	 	·	Maintaining support contact records when necessary 

	 	·	Submit a monthly call actively report to Licensor Support Manager of all cases 

  

	 	2.	Technical Support Engineering (TSE) “Level 2”: 

  
 Licensee Technical Support Engineering (“TSE”) is responsible for providing the following services to the Supported End User: 
  

	 	·	Initial Problem Diagnosis/Research 

	 	·	Customer Case Replication 

	 	·	Customer Problem/Case Management and Resolution 

	 	·	Fulfilling software emergency bug fixes and rollups 

	 	·	Setting customer expectations 

	 	·	Escalating cases and/or customer concerns when necessary 

	 	·	Consults with Licensor support engineers 

	 	·	Acts as entry point for bugs or feature enhancements associated to cases 

	 	·	Determine Release Mechanism for bug fixes: Maintenance or Emergency 

	 	·	Advising the customer on application functionality and configuration, internetworking, database configuration and maintenance, and hardware configuration and maintenance

  

	 	3.	General 

  
 (i) All case reporting and inquiries to Licensor support engineers will be handled by Licensee TSEs. Licensee is entitled to up to an agreed number of TSE contacts, provided that each such contact is “Licensor
Trained.” Licensor Trained shall mean that the TSE has attended at least 40 hours of technical support training (for which the parties shall agree as to the rates to be paid by Licensee prior to commencement of such training) in the Licensor
Products. Licensee will designate the 8 TSE contacts prior to its first commercial shipment of the Licensor Products but shall have the right to change the designated contacts from time to time upon at least 24-hours prior-written notice to
Licensor. 
  
 (ii) Licensee will staff its operations teams with
vendor-certified network, database, application, and hardware technical specialists and will have Licensor-certified application expertise available on all shifts, as needed to provide Level One and Level Two support to Customers. 
  

	B.	Licensor Responsibilities/Support Levels 

  

	 	1.	Product Support Engineering (PSE) “Level 3”: 

  
 Licensor Product Support Engineering is responsible for providing the following services to Licensee: 
  

	 	·	Problem Resolution 

	 	·	Extended Problem Research 

	 	·	Source Code Diagnosis (evaluating whether issue relates to Licensee , Licensor or third party code, provided that in no event shall Licensee be entitled to any source code for
Licensor products or any review thereof) 

	 	·	Diagnostic Instrumentation 

	 	·	Work with TSE on Next Step Diagnostics 

	 	·	Technical action plans for escalated accounts 

  

	 	2.	General 

  
 Technical Assistance Center (“TAC”) 
 The responsibility of the Licensor TAC is to log the issue reported by the Licensee TSE, and provide a call tracking ID number. Once the call is logged, it is directed to the appropriate Licensor support staff
personnel. 
  
 Licensor Support Staff

 This is the staff of engineers who resolve the technical issues posed by Licensor’s customers. They are responsible for
interacting with Licensee support, delivering the resolution, and closing the call. Other Licensor resources (e.g. engineering staff) may be called upon at the support engineer’s request to help resolve the issue. 
  
 Licensor Support Escalations 
 If Licensee reasonably becomes dissatisfied with the progress of problem resolution, insufficient response time, needs to increase the priority level of
the issue, or the issue appropriately needs to be brought to Licensor management’s attention, the Escalation Manager may be contacted. This individual will then contact the appropriate product support manager, account manager, or executive
staff and inform them of the current situation. In rare cases, when a Severity Level 1 issue is particularly tough to resolve, it may be necessary for Licensor support engineers to work directly with both Licensee and Licensee’s customer.

  
 Licensor Named Support Manager

 Licensor will provide a named support manager for Licensee. This support manager is responsible for tracking and managing Licensee
support cases through the Licensor support process. 
  

	 	3.	Definition of Severity Levels & Applicable Response 

  
 Severity 1: 
 Definition: This produces an emergency situation in which the covered software is inoperable, is rendered non-functional by producing materially incorrect results, or fails catastrophically. 
 Response: Licensor will provide a response by a qualified member of its staff to begin to diagnose and to correct a Severity 1 problem as soon as
reasonably possible. But, in any event, a response via telephone will be provided within four (4) hours. Licensor will continue to provide reasonable commercial efforts to resolve Severity 1 problems. The resolution will be delivered to Licensee as
a work-around or as an emergency software fix. If Licensor delivers an acceptable work-around, and the work-around changes the customer’s situation so that the definition of Severity 1 is no longer applicable, the Severity classification will
be reduced to a Severity 2. 
  
 Severity 2:

 Definition: This produces a detrimental situation in which performance (throughput or response) of the covered software degrades
substantially under reasonable loads, such that there is a severe impact on use; the covered software is usable, but 
  

 materially incomplete; one or more mainline functions or commands is inoperable; or the use is otherwise
significantly impacted. 
 Response: Licensor will provide a response by a qualified member of its staff to begin to diagnose and to
correct a Severity 2 problem as soon as reasonably possible. But, in any event, a response via telephone will be provided within four (4) hours. Licensor will exercise reasonable commercial efforts to resolve Severity 2 problems within five (5)
days. The resolution will be delivered to Licensee in the same format as Severity 1 problems. If Licensor delivers an acceptable work-around, and the work-around changes the customer’s situation so that the definition of Severity 2 is no longer
applicable, the Severity classification will be reduced to a Severity 3. 
  
 Severity 3: 
 Definition: This produces an inconvenient situation in which the covered software is
usable, but does not provide a function in the most convenient or expeditious manner, and the user suffers little or no significant impact. 
 Response: Licensor will exercise reasonable commercial efforts to resolve Severity 3 problems in the future maintenance release. 
  
 Severity 4: 
 Definition: This produces a noticeable situation in which the use is affected in some way, which is reasonable correctable by a documentation change or by a future, regular release from Licensor. 
 Response: Licensor will provide, as may be agreed by the parties, a fix or fixes for Severity 4 problems as decided by Licensor Product Management.

  
 Summary of Licensor Target Response Times:

  

							
	 	  	Voice Mail Response Time
(if applicable)

	  	Initial Response Time from
Support Staff

	  	Target Resolution Time

	 Severity 1
	  	60 Minutes	  	Four hours	  	48 hours
	 Severity 2
	  	60 Minutes	  	Four hours	  	5 days
	 Severity 3
	  	Four hours	  	24-48 hours	  	As mutually agreed.
	 Severity 4
	  	Four hours	  	24-48 hours	  	As decided by Product
Management.

  

 Summary of Escalation Mechanism 
  

									
	 Elapsed Time

	  	Severity Level 1

	  	Severity Level 2

	  	Severity Level 3

	  	Severity Level 4

	 > 4 hours
	  	Technical Support Lead	  	 	  	 	  	 
	 > 8 hours
	  	Manager of Technical
Support	  	Technical Support Lead	  	 	  	 
	 > 24 hours
	  	V.P. of Customer Services	  	Manger of Technical
Support	  	Technical Support Lead	  	 
	 > 48 hours
	  	V.P. of Engineering
V.P. of Sales	  	V.P. of Customer Services	  	Manager of Technical
Support	  	 
	 > 96 hours
	  	President	  	V.P. of Engineering
V.P. of Sales	  	V.P. of Customer
Services	  	Manager of Technical
Support

  
 III.    Additional Terms: 
  

	 	1.	Licensor will provide the above support services for each release of the Programs for a period of: (a) twelve (12) months following the general availability of the Programs for
distribution in the Territory. After such period, Licensor is not required to provide support and maintenance for earlier releases of the Programs. 

  

	 	2.	Licensor assumes no responsibility for the correctness or performance of, or any incompatibilities resulting from, operation of any version of a Licensor Product on any
hardware/software configurations other than that for which it was designed or resulting from any modifications made by a Supported End User which effect the performance of the Licensor Products and were made without prior notification and written
approval by Licensor. Licensor assumes no responsibility for the operation or performance of any Supported End User-written or third party-supplied application. 

  

	 	3.	In the event that Licensee notifies Licensor of a problem experienced by a Supported End User in connection with the operation of the Licensor Products, Licensor shall respond as
provided in this Exhibit. 

  

	 	4.	In the event that after reasonable efforts Licensor is unable to duplicate a problem reported to it by Licensee or an Supported End User, Licensor will not be obliged to provide the
support services described in this Exhibit in connection with such problem unless Licensor is provided appropriate remote access to a system which duplicates the problem by Licensee or the Supported End User. Licensor shall have no liability for any
delays caused by the Supported End User’s failure to provide an active voice telephone line at each site which is available continuously when required for support access. 

  

 Exhibit 4(d) 
  
 ACTIONS REQUIRING THE APPROVAL OF SOFTBANK 
 DIRECTOR PURSUANT TO SECTION 4(d) 
  
 Each of the following acts
will require the approval of SOFTBANK or SOFTBANK Parent, to be obtained from one of the directors appointed by either SOFTBANK or SOFTBANK Parent: 
  

	(1)	Any material change to the nature or scope of the Business. 

  

	(2)	Any amendment or other change to the Articles that would change the number of directors constituting the Board. 

  

	(3)	Except as contemplated by the Transaction Agreements, any declaration or payment of a cash dividend or other distribution with respect to securities (or any non pro-rata repurchase
of securities from Ariba, SOFTBANK or SOFTBANK Parent). 

  

	(4)	Except as contemplated by the Transaction Agreements, approve any material agreement or transaction between the Company or any of its subsidiaries, on the one hand, and Ariba or any
of its Affiliates, on the other hand (a “Related Party Transaction”). For purposes of this section, Related Party Transaction shall consist of (1) any sale by the Company of Securities to Ariba or any entity in which Ariba holds an
equity interest of ten percent (10%) or more not offered to SOFTBANK Parent, SOFTBANK, or their permitted transferees on a pro rata basis and (2) any material agreement or amendment of existing agreement, between the Company and Ariba or an
Affiliate of Ariba. 

  
  

  

 Exhibit 21(b) 
  
 ACTIONS REQUIRING THE APPROVAL OF AN ARIBA 
 DIRECTOR PURSUANT TO SECTION 21(b) 
  
 Each of the following acts
will require the approval of Ariba, to be obtained from one of the Directors appointed by Ariba (other than pursuant to Section 21(a)): 
  

	(1)	Any material change to the nature or scope of the Business. 

  

	(2)	Any amendment or other change to the Articles that would (i) change the number of directors constituting the Board or (ii) alter or change the rights, privileges, or preferences of
the existing capital stock of the Company so as to affect adversely the existing capital stock. 

  

	(3)	Except as expressly contemplated by the Transaction Agreements, any declaration or payment of a cash dividend or other distribution with respect to Securities (or any repurchase of
Securities from Ariba, SOFTBANK or SOFTBANK Parent). 

  

	(4)	Any sale, conveyance, or other disposal of all or substantially all of the Company’s property or business or any merger into or consolidation with any other entity (other than
a wholly owned subsidiary corporation) or effect any transaction or series of related transactions in which more than fifty percent (50%) of the voting power of the Company is disposed of; 

  

	(5)	Any issuance of Securities, other than shares of Common Stock representing not more than ten percent (10%) of the then outstanding Fully Diluted Securities;

  

	(6)	Any license or transfer any intellectual property of the Company except pursuant to non-exclusive agreements in the ordinary course of business. 

  

	(7)	Except as contemplated by the Transaction Agreements, any material agreement or transaction between the Company or any of its subsidiaries, on the one hand, and SOFTBANK, SOFTBANK
Parent or any of their respective Affiliates, on the other hand (a “Related Party Transaction”). For purposes of this section, Related Party Transaction shall consist of (1) any sale by the Company of Securities to SOFTBANK,
SOFTBANK Parent or any entity in which SOFTBANK, SOFTBANK Parent holds an equity interest of ten percent (10%) or more and (2) any material agreement or amendment of existing agreement, between the Company and SOFTBANK, SOFTBANK Parent or any of
their respective Affiliates. 

 SCHEDULE 15 
  
 Ariba’s Listed Competitors 
  
 American Software 
 Aspect Development

 BizBots 
 BroadVision 

Captura 
 Clarus 
 Commerce One 
 CommerceWave 
 Concur Technologies, Inc. 
 Connect 

Dynamic Web 
 Elcom 
 Elekom 
 Extensity 
 Extricity 
 FairMarket 
 FreeMarkets 
 Fisher Scientific 
 GEIS 
 Greentree 
 Harbinger 
 i2 
 IBM 
 ICG 
 Infobank 
 Internet Factory 
 Intelisys 
 Ironside 
 IPlanet 
 Microsoft 
 Moai Technologies 
 OpenSite 
 Oracle 
 Pandesic 
 PeopleSoft 
 PurchasePro 
 Premenos 
 Remedy 
 RightWorks 
 SAP AG 
 SourceSys 
 Sterling Commerce 
 Signal Internet 
 Spaceworks 
 Trilogy 
 Ventro 
 Verticalnet 
 bex.com 
 iadapta

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