Document:

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                                                                   EXHIBIT 10.29

[SAGENT LOGO]

May 9, 2000

David Eliff
11606 Mockingbird Lane
Houston, TX  77024

Dear David:

I am very pleased to offer you the position of Chief Financial Officer with
Sagent Technology, Incorporated. In this position you will be responsible for
the world wide Financial Operations of Sagent Technology, Inc.. You will report
to the President and CEO and your start date will be Monday, May 15, 2000.

Your compensation will consist of salary, available employee benefits and a
stock option grant. Your monthly salary will be $15,000.00 annualized to
$180,000.00. In addition, you will participate in the Sagent Quarterly
Objectives Plan. Your Bonus Base Amount will equal 40% of that quarters
earnings. In addition you will receive a stock option grant of 175,000 shares
subject to final approval by the Board of Directors. The options will vest at
the rate of one forty-eighth per month for forty-eight months.

As we discussed, upon your demonstration of mastery of the unique Accounting
that applies to the software industry, I will recommend an additional grant of
75,000 shares to the Board of Directors.

Sagent will provide you with a relocation package. Included in that package are:

-   the shipment your household goods.
-   temporary housing and storage of household goods for a period of 90 days.
-   one month's salary for miscellaneous expenses.
-   airfare for your family to California.
-   a loan from the company for the down-payment of your new home (max 20% of
    value of the home) up to a maximum of $400,000.00.
-   reimbursement for closing costs on the new home.

If you leave the company within one year, you agree to reimburse the company for
moving expenses paid on your behalf.

<PAGE>   2

[SAGENT LOGO]

Sagent Technology, Inc. is an "at will" employer, and consequently, employment
at Sagent is for no definite period of time and can be terminated at the will of
either Sagent or the employee at any time and for any reason, with or without
cause.

As an employer based in the United States, Sagent Technology, Inc. is required
to verify that its employees are eligible to work in the United States. On your
first day of employment, you will be required to certify that you are a citizen
or lawful permanent resident or an alien authorized to work in the U.S. Please
bring your Employment Eligibility Verification (Form I-9) and acceptable
supporting documents (as listed on the reverse side of the I-9 Form) to your
first day of work. If you expect to have any difficulty in producing these
documents, please contact our Human Resources Department prior to your
employment to discuss alternative suitable documentation.

You will be required to sign a statement agreeing to hold the company's
proprietary information confidential during and after your employment and
assigning to the company any patentable inventions that you create through your
work with the company.

Please indicate your acceptance of this offer by signing below. Our fax number
is 650-815-3333. If you have any questions please feel free to call Loretta
Booker at 650-815-3161.

All of the members of Sagent Technology, Inc. look forward to working with you
and appreciate the talents you bring to your position and the company.

Sincerely,

/s/ KENNETH C. GARDNER

Kenneth C. Gardner
President and CEO

Accepted by:

/s/ David Eliff                             March 9, 2000
----------------------------------          -------------------
Employee Name                               Today's Date<PAGE>   1
                                                                   EXHIBIT 10.30

                                PROMISSORY NOTE

Principal amount: US$138,000                       Date: October 4, 2000

On or before March 27, 2001, for value received, the undersigned ("Maker")
promise(s) to pay to Sagent Technology, Inc. ("Payee"), or order, at such place
as the holder of this Note ("Holder") may from time to time designate in
writing, the principal sum of $138,000 with simple interest on the unpaid
principal balance of this Note, from the date of this Note until this Note is
paid in full, at the rate of 5% percent per year. All payments shall be made in
lawful money of the United States, without offset, deduction, or counterclaim of
any kind. This note may be prepaid, without penalty.

After maturity, the unpaid principle balance of this Note (together with any
other amounts due and payable under this Note) shall bear interest at the lower
of eighteen percent or the highest amount permitted by law. As used in this
Note, "Maturity" means (1) the date on which this Note is due and payable in
full or extended or (2) an Event of Default, followed by acceleration of the
balance due under this Note. Maker may prepay this Note without penalty. All
sums remaining unpaid under this Note shall become immediately due and payable,
at Holder's option, without notice, demand, or presentment, and regardless of
any prior forbearance, on the occurrence of any of the following events ("Event
of Default"):

        (a) Maker's failure to make any payment when due, including without
limitation the final payment due under this Note at its maturity;
        (b) the filing of a petition in bankruptcy by, or the initiation of any
proceeding under any bankruptcy or insolvency laws against, the Maker; and
        (c) The making of a general assignment for the benefit of creditors by
Maker.
        (d) an event of Default under the Pledge Agreement.

        In the Event of Default, Holder may exercise all right and remedies
under the Laws of the State of California. No delay or omission by Holder in
exercising any right or remedy under this Note shall operate as a waiver of the
future exercise of that right or remedy or of any other rights or remedies under
this Note. All rights of Holder stated in this Note are cumulative and in
addition to all other rights provided by law, in equity, or in any agreement
executed in connection with this Note. This note is made with full recourse. In
the event the sale of any security or stock does not satisfy the obligations
under this note, Maker shall be liable for any and all deficiency.

        Maker and Holder intend to comply with all applicable usury laws. In
fulfilling this intention, all agreements between Maker and Holder are expressly
limited so that the amount of interest paid or agreed to be paid to Holder for
the use, forbearance, or detention of money under this Note shall not exceed the
maximum amount permissible under applicable law. If for any reason payment of
any amount required under this Note shall be prohibited by law, the obligation
shall be reduced to the maximum allowed by law. If for any reason Holder
receives as interest an amount that would exceed the highest

<PAGE>   2

lawful rate, the amount that would be excessive interest shall be applied to the
reduction of the principal of this Note and not to the payment of interest. If
any conflict arises between this provision and any provision of any other
agreement between Maker and Holder, this provision shall control. Diligence,
demand, presentment, notice of dishonor, and protest are waived by all makers,
sureties, guarantors, and indorser of this Note. Any action to enforce this Note
shall be brought in Santa Clara County California. Maker agrees to pay Holder it
attorney's fees for enforcing this Note.

        Dated:
        /s/ Paul Wray
        --------------------------------------------
        Paul Wray

        /s/ Lila  Wray
        --------------------------------------------
        Lila  Wray<PAGE>   1
                                                                  EXHIBIT 10.31

                            SAGENT TECHNOLOGY, INC.

                        800 W. EL CAMINO REAL, SUITE 300
                             MOUNTAIN VIEW, CA 94040

                         COMMON STOCK PURCHASE AGREEMENT
                                February 15, 2001

<PAGE>   2

<TABLE>
<CAPTION>

                                      TABLE OF CONTENTS
                                                                                                PAGE

<S>                                                                                             <C>
SECTION 1........................................................................................1

        1.1    AUTHORIZATION.....................................................................1
        1.2    SALE OF SHARES....................................................................1
        1.3    USE OF PROCEEDS...................................................................1

SECTION 2........................................................................................1

        2.1    CLOSING...........................................................................1
        2.2    DELIVERY..........................................................................1

SECTION 3........................................................................................2

        3.1    ORGANIZATION AND STANDING.........................................................2
        3.2    CORPORATE POWER...................................................................2
        3.3    CAPITALIZATION....................................................................2
        3.4    AUTHORIZATION.....................................................................3
        3.5    FINANCIAL STATEMENTS..............................................................3
        3.6    NO MATERIAL ADVERSE CHANGE........................................................3
        3.7    NO UNDISCLOSED LIABILITIES........................................................4
        3.8    TITLE TO ASSETS...................................................................4
        3.9    ACTIONS PENDING...................................................................4
        3.10   COMPLIANCE WITH LAW...............................................................4
        3.11   CERTAIN FEES......................................................................4
        3.12   MATERIAL AGREEMENTS...............................................................4
        3.13   EMPLOYEES.........................................................................5
        3.14   INTELLECTUAL PROPERTY, TRADEMARKS, ETC............................................5
        3.15   COMMISSION FILINGS................................................................5
        3.16   NO CONSENTS.......................................................................5
        3.17   NON-CONTRAVENTION.................................................................5
        3.18   CONSTITUENT DOCUMENTS.............................................................5

SECTION 4........................................................................................5

        4.1    EXPERIENCE; SPECULATIVE NATURE OF INVESTMENT......................................5
        4.2    INVESTMENT........................................................................6
        4.3    RULE 144..........................................................................6
        4.4    ACCESS TO DATA....................................................................6
        4.5    AUTHORIZATION.....................................................................6
        4.6    BROKERS OR FINDERS................................................................6
        4.7    TAX LIABILITY.....................................................................7

SECTION 5........................................................................................7

        5.1    REPRESENTATIONS AND WARRANTIES CORRECT............................................7
        5.2    COVENANTS.........................................................................7
</TABLE>

<PAGE>   3

                                TABLE OF CONTENTS
                                   (CONTINUED)
<TABLE>
<CAPTION>

                                                                                                PAGE
<S>     <C>                                                                                     <C>
        5.3    BLUE SKY..........................................................................7
        5.4    RIGHTS AGREEMENT..................................................................7
        5.5    COMPLIANCE CERTIFICATE............................................................7
        5.6    COMPLIANCE WITH LAW...............................................................7
        5.7    OPINION OF COMPANY'S COUNSEL......................................................8
        5.8    STOCK CERTIFICATES................................................................8
        5.9    CLOSING...........................................................................8
        5.10   DISTRIBUTION AGREEMENT............................................................8
        5.11   MINIMUM INVESTMENTS...............................................................8

SECTION 6........................................................................................8

        6.1    REPRESENTATIONS...................................................................8
        6.2    COVENANTS.........................................................................8
        6.3    BLUE SKY..........................................................................8
        6.4    RIGHTS AGREEMENT..................................................................8
        6.5    COMPLIANCE WITH LAW...............................................................8

SECTION 7........................................................................................9

        7.1    GOVERNING LAW.....................................................................9
        7.2    SURVIVAL..........................................................................9
        7.3    SUCCESSORS AND ASSIGNS............................................................9
        7.4    ENTIRE AGREEMENT; AMENDMENT.......................................................9
        7.5    NOTICES, ETC......................................................................9
        7.6    DELAYS OR OMISSIONS...............................................................9
        7.7    COUNTERPARTS.....................................................................10
        7.8    SEVERABILITY.....................................................................10
        7.9    TITLES AND SUBTITLES.............................................................10
        7.10   EXPENSES.........................................................................10
        7.11   DEFINITION OF "KNOWLEDGE"........................................................10
</TABLE>

                                      -ii-
<PAGE>   4

                             SAGENT TECHNOLOGY, INC.

                         COMMON STOCK PURCHASE AGREEMENT

        THIS COMMON STOCK PURCHASE AGREEMENT (the "AGREEMENT") is made as of
February 15, 2001 by and among Sagent Technology, Inc., a Delaware corporation
(the "COMPANY"), and the purchasers identified in EXHIBIT A hereto (the
"PURCHASERS").

                                    SECTION 1

                     AUTHORIZATION AND SALE OF COMMON STOCK

        1.1 AUTHORIZATION. The Company has authorized the sale and issuance
of up to 5,800,000 shares (the "SHARES") of the Company's Common Stock, $0.001
par value ("COMMON Stock"), to the Purchasers listed in Exhibit A hereto for
$2.90 per share.

        1.2 SALE OF SHARES. Subject to the terms and conditions of this
Agreement, each of the Purchasers agrees to purchase and the Company agrees to
sell and issue to the Purchasers the number of Shares set forth next to such
Purchaser's name on Exhibit A, for the purchase price set forth on Exhibit A.
The Company's agreement with each Purchaser is a separate agreement, and the
sale of Shares to each Purchaser is a separate sale.

        1.3 USE OF PROCEEDS. The Company shall use the proceeds of the
purchase price specified in Section 1.2 above solely for working capital
purposes and not for any other purpose.

                                    SECTION 2

                             CLOSING DATE; DELIVERY

        2.1 CLOSING. The closing of the purchase and sale of the Shares
hereunder shall take place at the offices of Wilson Sonsini Goodrich & Rosati,
P.C. ("WSGR"), 650 Page Mill Road, Palo Alto, California, at 10:00 a.m.
California time, on the day on which all of the conditions set forth in Sections
5 and 6 have been satisfied or waived (the "CLOSING") or at such other time and
place upon which the Company and the Purchasers shall agree, but in no event
later than February 27, 2001 (the date of the Closing hereinafter referred to as
the "CLOSING DATE").

        2.2 DELIVERY. Prior to or at the Closing, the Company shall issue
irrevocable instructions to its transfer agent to cause the delivery to each
Purchaser of a stock certificate registered in such Purchaser's name (or the
name of such Purchaser's nominee if set forth on Exhibit A) representing the
number of Shares designated on Exhibit A for payment of the purchase price
therefor as set forth in Section 1.2 above, by check payable to the Company or
wire transfer per the Company's instructions. If requested by a Purchaser, prior
to such Purchaser's delivery of payment for the

<PAGE>   5

Shares being purchased by such Purchaser, the Company will arrange for delivery
to WSGR of the stock certificates representing the Shares being purchased by
such Purchaser, and WSGR will deliver to such Purchaser or its counsel, via
facsimile, a copy of the stock certificate to be delivered to such Purchaser
following the Company's receipt of payment therefor. In connection therewith,
WSGR will issue a letter to such Purchaser or its counsel stating that it has
received such stock certificates on such Purchaser's behalf, will hold them in
trust, and following completion of the Closing, will send such stock
certificates by overnight delivery to counsel for such Purchaser. In addition,
if requested by such Purchaser, the Company will arrange for delivery to Bank of
America Securities Corporation of the stock certificates representing the Shares
being purchased by such Purchaser against payment of the purchase price
therefor.

                                    SECTION 3

                  REPRESENTATIONS AND WARRANTIES OF THE COMPANY

        Except as set forth in writing in the disclosure letter supplied by the
Company to the Purchasers and delivered concurrently with this Agreement (the
"DISCLOSURE LETTER") and in the Company's most recent Form 10-K for its fiscal
year ended December 31, 1999, Form 10-Q for its fiscal quarter ended September
30, 2000 ("FORM 10-Q"), Form 8-K reporting an event dated October 13, 2000, and
proxy statement for a meeting held on October 26, 2000, filed with the
Securities and Exchange Commission (the "COMMISSION") pursuant to the Securities
Exchange Act of 1934, as amended (the "EXCHANGE ACT") (collectively, the
"COMMISSION FILINGS"), the Company represents and warrants to the Purchasers
dated as of the date hereof and as of the Closing Date as follows:

        3.1 ORGANIZATION AND STANDING. The Company is a corporation duly
organized and existing under, and by virtue of, the laws of the State of
Delaware and is in good standing under such laws. The Company has requisite
corporate power and authority to own and operate its properties and assets, and
to carry on its business. The Company is presently qualified to do business as a
foreign corporation in each jurisdiction where the failure to be so qualified
would have a material adverse effect on the business, assets, financial
condition or operations of the Company, or could reasonably be expected to do so
solely with the passage of time ("MATERIAL ADVERSE EFFECT").

        3.2 CORPORATE POWER. The Company has all requisite legal and
corporate power and authority to execute and deliver this Agreement and that
certain Common Stock Rights Agreement substantially in the form attached hereto
as Exhibit D (the "RIGHTS AGREEMENT"), to sell and issue the Shares hereunder
and to perform its obligations under the terms of this Agreement and the Rights
Agreement (together the "AGREEMENTS").

        3.3 CAPITALIZATION. The authorized capital stock of the Company and the
shares thereof issued and outstanding, are set forth in the Disclosure Letter.
All of the outstanding shares of the Company's Common Stock have been duly and
validly authorized. None of the Company's Preferred Stock is issued and
outstanding prior to the Closing. Except as set forth in this Agreement and the
Rights Agreement, no shares of capital stock of the Company are entitled to
preemptive rights or registration rights and there are no outstanding options,
warrants, scrip, rights to subscribe

                                       2
<PAGE>   6

to, call or commitments of any character whatsoever relating to, or securities
or rights convertible into, any shares of capital stock of the Company.
Furthermore, except as set forth in this Agreement and the Rights Agreement,
there are no contracts or commitments by which the Company is or may become
bound to issue additional shares of the capital stock of the Company or options,
securities or rights convertible into shares of capital stock of the Company.
The Company is not a party to any agreement granting registration rights to any
person with respect to any of its equity or debt securities. The Company is not
a party to, and it has no knowledge of, any agreement restricting the voting or
transfer of any shares of the capital stock of the Company other than transfer
restrictions imposed to satisfy state and federal securities laws. The offer and
sale of all capital stock, convertible securities, rights, warrants, or options
of the Company issued prior to the Closing complied with all applicable federal
and state securities laws, and no stockholder has a right of rescission or
damages with respect thereto.

        3.4 AUTHORIZATION. All corporate action on the part of the Company
and its directors necessary for the authorization, execution, delivery and
performance of the Agreements by the Company, the authorization, sale, issuance
and delivery of the Shares and the performance of all of the Company's
obligations under the Agreements has been taken or will be taken prior to the
Closing. The Agreements, when executed and delivered by the Company, shall
constitute valid and binding obligations of the Company, enforceable in
accordance with their terms, subject to laws of general application relating to
bankruptcy, insolvency and the relief of debtors and rules of law governing
specific performance, injunctive relief or other equitable remedies, , except
that the indemnification provisions of Section 1.11 of the Rights Agreement may
further be limited by principles of public policy, the existence and
applicability of which Purchasers do not concede and specifically reserve the
right to contest. The Shares, when issued against payment of the purchase price
specified in this Agreement, will be validly issued, fully paid and
nonassessable; will be free of any liens or encumbrances, other than any liens
or encumbrances created by or imposed upon such Shares by the Purchasers;
provided, however, that the Shares are subject to restrictions on transfer under
state and/or federal securities laws as set forth herein and in the Rights
Agreement.

        3.5 FINANCIAL STATEMENTS. The financial statements of the Company
included in the Company's most recent quarterly report on Form 10-Q for its
fiscal quarter ended September 30, 2000, comply as to form in all material
respects with applicable accounting requirements and the published rules and
regulations of the Commission or other applicable rules and regulations with
respect thereto. Such financial statements have been prepared in accordance with
generally accepted accounting principles ("GAAP") applied on a consistent basis
during the periods involved (except (i) as may be otherwise indicated in such
financial statements or the notes thereto or (ii) in the case of unaudited
interim statements, to the extent they may not include footnotes or may be
condensed or summary statements), and fairly present in all material respects
the financial position of the Company and its subsidiaries as of the dates
thereof and the results of operations and cash flows for the periods then ended
(subject, in the case of unaudited statements, to normal year-end audit
adjustments).

        3.6 NO MATERIAL ADVERSE CHANGE. Since the date of the Company's most
recent quarterly report on Form 10-Q for its fiscal quarter ended September 30,
2000, filed with the

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<PAGE>   7

Commission, the Company has not experienced or suffered any event or condition
which has caused a Material Adverse Effect.

        3.7 NO UNDISCLOSED LIABILITIES. The Company has no liabilities,
obligations, claims or losses that would be required to be disclosed on a
balance sheet of the Company (including the notes thereto), which are not
disclosed on the face of the balance sheet included in the Company's financial
statements delivered herewith, other than those incurred in the ordinary course
of the Company's business since September 30, 2000, and which, individually or
in the aggregate, do not or would not have a Material Adverse Effect.

        3.8 TITLE TO ASSETS. Subject to Section 3.14, the Company has good
and marketable title to all of its property and assets, free of any mortgages,
pledges, charges, liens, security interests or other encumbrances that could
reasonably be expected to cause a Material Adverse Effect.

        3.9 ACTIONS PENDING. There is no action, suit, claim, investigation
or proceeding pending or, to the knowledge of the Company, threatened against
the Company, which questions the validity of, or may hinder the enforceability
or performance of the Agreements or the transactions contemplated hereby or
thereby or any action taken or to be taken pursuant hereto or thereto. There is
no action, suit, claim, investigation or proceeding pending or, to the knowledge
of the Company, threatened, against or involving the Company, any subsidiary or
any of their respective properties or assets and which, if adversely determined,
is reasonably likely to result in a Material Adverse Effect.

        3.10 COMPLIANCE WITH LAW. The business of the Company has been and is
presently being conducted in accordance with all applicable federal, state and
local governmental laws, rules, regulations and ordinances, and other than
instances which, individually or in the aggregate could not have been or could
not be reasonably expected to have a Material Adverse Effect. The Company has
all franchises, permits, licenses, consents and other governmental or regulatory
authorizations and approvals necessary for the conduct of its business as now
being conducted by it unless the failure to possess such franchises, permits,
licenses, consents and other governmental or regulatory authorizations and
approvals, individually or in the aggregate, could not reasonably be expected to
have a Material Adverse Effect.

        3.11 CERTAIN FEES. No brokers, finders or financial advisory fees or
commissions will be payable by the Company with respect to the transactions
contemplated by this Agreement.

        3.12 MATERIAL AGREEMENTS. The Company is not a party to any written or
oral contract, instrument, agreement, commitment, obligation, plan or
arrangement, a copy of which would be required to be filed with the Commission
as an exhibit to a registration statement or applicable form (collectively,
"MATERIAL AGREEMENTS") if the Company were registering securities under the
Securities Act of 1933, as amended (the "SECURITIES ACT"). The Company has in
all material respects performed all the obligations required to be performed by
it under the Material Agreements, has received no notice of default and, to the
best of the Company's knowledge, is not in default under any Material Agreement
now in effect, the result of which could reasonably be expected to cause a
Material Adverse Effect.

                                       4
<PAGE>   8

        3.13 EMPLOYEES. The Company has no collective bargaining arrangements
covering any of its employees.

        3.14 INTELLECTUAL PROPERTY, TRADEMARKS, ETC. To the knowledge of the
Company, (i) the Company has the right to use, free and clear of all liens,
charges, claims and restrictions, all intellectual property, patents,
trademarks, service marks, trade names, copyrights, licenses and rights which
are material to the business of the Company as presently conducted and (ii) the
Company is not infringing upon or otherwise acting adversely to the right or
claimed right of any other person under or with respect to the foregoing.

        3.15 COMMISSION FILINGS. The Company has timely filed all reports,
registration statements, proxy statements and other materials, together with any
amendments thereto, required to be filed by the Company with the Commission
under the Exchange Act. As of the date filed, the Commission Filings did not
contain any untrue statement of a material fact or omit to state a material fact
necessary to make the statements therein, in light of the circumstances in which
they were made, not misleading. The financial statements contained in the
Commission Filings fairly present the financial position of the Company and its
subsidiaries as at the dates thereof and for the periods covered thereby and
have been prepared in accordance with GAAP and with the published rules and
regulations of the Commission with respect thereto.

        3.16 NO CONSENTS. No consent, authorization, approval or filing with
or from any governmental authority or any third party, whether pursuant to an
agreement, instrument, other document or applicable law, is required in
connection with the Company's entering into or performing the Agreements or the
issuance of the Shares.

        3.17 NON-CONTRAVENTION. Neither the execution and delivery of the
Agreements nor the consummation of the transactions contemplated thereby,
including without limitation the sale and issuance of the Shares violates the
Certificate of Incorporation or bylaws of the Company, any instrument,
judgement, order, writ, decree or agreement to which it is a party or by which
it is bound or any provision of any federal or state law, rule or regulation
applicable to the Company or its business.

        3.18 CONSTITUENT DOCUMENTS. The Company has delivered to the Purchaser
a true and correct copy of the Company's Certificate of Incorporation and bylaws
as in effect on the Closing Date and they have not been further amended,
modified or repealed.

                                    SECTION 4

                REPRESENTATIONS AND WARRANTIES OF THE PURCHASERS

        Each Purchaser hereby severally represents and warrants to the Company
with respect to the purchase of Shares as follows:

        4.1 EXPERIENCE; SPECULATIVE NATURE OF INVESTMENT. The Purchaser (or its
principals or advisors) has substantial experience in evaluating and investing
in private placement transactions of

                                       5
<PAGE>   9

securities in companies similar to the Company so that it is capable of
evaluating the merits and risks of its investment in the Company and has the
capacity to protect its own interests. The Purchaser acknowledges that its
investment in the Company is highly speculative and entails a substantial degree
of risk and the Purchaser is in a position to lose the entire amount of such
investment.

        4.2 INVESTMENT. The Purchaser is acquiring the Shares for investment
for its own account, not as a nominee or agent, and not with the view to, or for
resale in connection with, any distribution thereof. The Purchaser understands
that the Shares to be purchased and/or acquired hereby have not been, and will
not be, registered under the Securities Act (except as provided in the Rights
Agreement) by reason of a specific exemption from the registration provisions of
the Securities Act, the availability of which depends upon, among other things,
the bona fide nature of the investment intent and the accuracy of the
Purchaser's representations as expressed herein. The Purchaser is an "accredited
investor" within the meaning of Regulation D, Rule 501(a), promulgated by the
Commission.

        4.3 RULE 144. The Purchaser acknowledges that the Shares must be held
indefinitely unless subsequently registered under the Securities Act or unless
an exemption from such registration is available. The Purchaser is aware of the
provisions of Rule 144 promulgated under the Securities Act which during a
certain period after the purchase of the Shares permit limited resale of shares
purchased in a private placement subject to the satisfaction of certain
conditions, including, among other things, the existence of a public market for
the shares, the availability of certain current public information about the
Company, the resale occurring not less than one year after a party has purchased
and paid for the security to be sold, the sale being effected through a
"broker's transaction" or in transactions directly with a "market maker" and the
number of shares being sold during any three-month period not exceeding
specified limitations. The Purchaser understands that the certificates
evidencing the Shares will be imprinted with a legend that prohibits the
transfer of such securities unless they are registered or such registration is
not required.

        4.4 ACCESS TO DATA. The Purchaser has had an opportunity to discuss
the Company's business, management and financial affairs with its management.
The Purchaser has also had an opportunity to ask questions of officers of the
Company, which questions were answered to the Purchaser's satisfaction. The
Purchaser understands that such discussions, as well as any written information
issued by the Company, were intended to describe certain aspects of the
Company's business and prospects but were not a thorough or exhaustive
description.

        4.5 AUTHORIZATION. The Agreements, when executed and delivered by the
Purchaser, will constitute valid and legally binding obligations of the
Purchaser, enforceable in accordance with their terms, except as the
indemnification provisions of the Rights Agreement may be limited by principles
of public policy, and subject to laws of general application relating to
bankruptcy, insolvency and the relief of debtors and rules of law governing
specific performance, injunctive relief or other equitable remedies.

        4.6 BROKERS OR FINDERS. Except as set forth in the Company's Disclosure
Letter, the Purchaser has not engaged any brokers, finders or agents, and the
Company has not, and will not, incur, directly or indirectly, as a result of any
action taken by Purchaser, any liability for brokerage

                                       6
<PAGE>   10

or finders' fees or agents' commissions or any similar charges in connection
with the Agreements. In the event that the preceding sentence is in any way
inaccurate, the Purchaser agrees to indemnify and hold harmless the Company from
any liability for any commission or compensation in the nature of a finder's fee
(and the costs and expenses of defending against such liability) for which the
Company, or any of its officers, directors, employees or representatives, is
responsible.

        4.7 TAX LIABILITY. The Purchaser has reviewed with its own tax
advisors the federal, state, local and foreign tax consequences of this
investment and the transactions contemplated by the Agreements. With respect to
such matters, the Purchaser relies solely on such advisors and not on any
statements or representations of the Company or any of its agents other than the
representations and warranties set forth herein. The Purchaser understands that
it (and not the Company) shall be responsible for its own tax liability that may
arise as a result of this investment or the transactions contemplated by the
Agreements.

                                    SECTION 5

                 CONDITIONS TO PURCHASERS' OBLIGATIONS TO CLOSE

        Each Purchaser's obligations to purchase the Shares are, unless waived
by such Purchaser, subject to the fulfillment of the following conditions:

        5.1 REPRESENTATIONS AND WARRANTIES CORRECT. The representations and
warranties made by the Company in Section 3 hereof shall be true and correct in
all material respects as of the Closing Date.

        5.2 COVENANTS. All covenants, agreements and conditions contained in
the Agreements to be performed by the Company on or prior to the Closing shall
have been performed or complied with in all material respects.

        5.3 BLUE SKY. The Company shall have obtained all necessary Blue Sky
law permits and qualifications, or have the availability of exemptions
therefrom, required by any state for the offer and sale of the Shares.

        5.4 RIGHTS AGREEMENT. The Company shall have executed and delivered
the Rights Agreement.

        5.5 COMPLIANCE CERTIFICATE. The Chief Executive Officer of the
Company shall have executed a Compliance Certificate, in the form of Exhibit C
hereto, certifying the satisfaction of the conditions to closing listed in
Sections 5.1 and 5.2 hereof.

        5.6 COMPLIANCE WITH LAW. No provision of any applicable law or
regulation and no judgment, injunction, order or decree shall prohibit the sale
and issuance of the Shares and the consummation of the transactions contemplated
hereby.

                                       7
<PAGE>   11

        5.7 OPINION OF COMPANY'S COUNSEL. The Purchasers shall have received
from Wilson Sonsini Goodrich & Rosati, P.C., counsel to the Company, an opinion
addressed to the Purchasers, dated the Closing Date, in the form attached hereto
as Exhibit D.

        5.8 STOCK CERTIFICATES. Upon request by a Purchaser, the stock
certificates representing the Shares purchased by such Purchaser shall have been
delivered to WSGR or Bank of America Securities Corporation, as set forth in
Section 2.2.

        5.9 CLOSING. The Closing Date shall be as of a date no later than
February 27, 2001.

        5.10 DISTRIBUTION AGREEMENT. The Company and SAS Institute Inc.
("SAS") shall have signed a distribution agreement reasonably acceptable to the
Company and SAS relating to, inter alia, the Company's distribution of SAS'
Enterprise Miner and Intrinsic software products (the "DISTRIBUTION AGREEMENT").

        5.11 MINIMUM INVESTMENTS. The Company will sell and issue at the
Closing an aggregate of $12.3 million of Shares, including at least $3 million
of such Shares to Reedy Creek Investments LLC ("REEDY CREEK").

                                    SECTION 6

                  CONDITIONS TO COMPANY'S OBLIGATIONS TO CLOSE

        The Company's obligation to sell and issue the Shares, unless waived by
the Company, subject to the fulfillment of the following conditions:

        6.1 REPRESENTATIONS. The representations and warranties made by the
Purchasers in Section 4 hereof shall be true and correct as of the Closing Date.

        6.2 COVENANTS. All covenants, agreements and conditions contained in
the Agreements to be performed by the Purchasers on or prior to the Closing Date
shall have been performed or complied with in all material respects.

        6.3 BLUE SKY. The Company shall have obtained all necessary Blue Sky
law permits and qualifications, or have the availability of exemptions
therefrom, required by any state for the offer and sale of the Shares.

        6.4 RIGHTS AGREEMENT. Each Purchaser shall have executed and
delivered the Rights Agreement.

        6.5 COMPLIANCE WITH LAW. No provision of any applicable law or
regulation and no judgment, injunction, order or decree shall prohibit the sale
and issuance of the Shares and the consummation of the transactions contemplated
hereby.

                                       8
<PAGE>   12

                                    SECTION 7

                                  MISCELLANEOUS

        7.1 GOVERNING LAW. This Agreement shall be governed in all respects
by the internal laws of the State of Delaware, without regard to its choice of
law rules.

        7.2 SURVIVAL. The representations, warranties, covenants and
agreements made herein shall survive the execution and delivery hereof and the
Closing.

        7.3 SUCCESSORS AND ASSIGNS. Except as otherwise provided herein, the
provisions hereof shall inure to the benefit of, and be binding upon, the
successors, assigns, heirs, executors and administrators of the parties hereto;
provided, however, that the rights of the Purchasers to purchase the Shares
shall not be assignable without the prior written consent of the Company, which
consent shall not be unreasonably withheld or delayed.

        7.4 ENTIRE AGREEMENT; AMENDMENT. This Agreement and the other
documents delivered pursuant hereto at the Closing constitute the full and
entire understanding and agreement between the parties with regard to the
subjects hereof and thereof, and no party shall be liable or bound to any other
party in any manner by any warranties, representations or covenants except as
specifically set forth herein or therein. Except as expressly provided herein,
neither this Agreement nor any term hereof may be amended, waived, discharged or
terminated other than by a written instrument signed by the Company and the
Purchasers.

        7.5 NOTICES, ETC. All notices and other communications required or
permitted hereunder shall be in writing and shall be mailed by registered or
certified mail, postage prepaid, or otherwise delivered by hand or by messenger,
addressed (a) if to a Purchaser, at such Purchaser's address on Exhibit A of
this Agreement, or at such other address as such Purchaser shall have furnished
to the Company in writing, or (b) if to any other holder of any Shares, at such
address as such holder shall have furnished the Company in writing, or, until
any such holder so furnishes an address to the Company, then to and at the
address of the last holder of such Shares who has so furnished an address to the
Company, or (c) if to the Company, one copy should be sent to its address set
forth on the cover page of this Agreement and addressed to the attention of the
Chief Executive Officer, or at such other address as the Company shall have
furnished to the Purchasers.

        Each such notice or other communication shall for all purposes of this
Agreement be treated as effective or having been given when delivered if
delivered personally, or, if sent by mail, at the earlier of its receipt or 72
hours after the same has been deposited in a regularly maintained receptacle for
the deposit of the United States mail, addressed and mailed as aforesaid.

        7.6 DELAYS OR OMISSIONS. Except as expressly provided herein, no delay
or omission to exercise any right, power or remedy accruing to any party to this
Agreement upon any breach or default of any other party under this Agreement,
shall impair any such right, power or remedy of such non-defaulting party nor
shall it be construed to be a waiver of any such breach or default, or an
acquiescence therein, or of or in any similar breach or default thereafter
occurring; nor shall any

                                       9
<PAGE>   13

waiver of any single breach or default be deemed a waiver of any other breach or
default theretofore or thereafter occurring. Any waiver, permit, consent or
approval of any kind or character on the part of any party of any breach or
default under this Agreement, or any waiver on the part of any party of any
provisions or conditions of this agreement, must be in writing and shall be
effective only to the extent specifically set forth in such writing. All
remedies, either under this Agreement or by law or otherwise afforded to any
party to this Agreement, shall be cumulative and not alternative.

        7.7 COUNTERPARTS. This Agreement may be executed in any number of
counterparts, each of which shall be enforceable against the parties actually
executing such counterparts, and all of which together shall constitute one
instrument.

        7.8 SEVERABILITY. In the event that any provision of this Agreement
becomes or is declared by a court of competent jurisdiction to be illegal,
unenforceable or void, this Agreement shall continue in full force and effect
without said provision; provided that no such severability shall be effective if
it materially changes the economic benefit of this Agreement to any party.

        7.9 TITLES AND SUBTITLES. The titles and subtitles used in this
Agreement are used for convenience only and are not considered in construing or
interpreting this Agreement.

        7.10 EXPENSES. The Company and the Purchasers shall each bear their
own fees, costs and expenses incurred on their behalf with respect to the
Agreements and the transactions contemplated hereby and any amendments or waiver
thereto, except that the Company will pay at the Closing (a) the legal fees and
disbursements of counsel for Zesiger Capital Group LLC up to $25,000, (b) the
legal and accountant fees and disbursements of counsel and accountants for Reedy
Creek up to $25,000, and (c) the legal fees and disbursements of counsel to
Special Situations Funds, L.P. up to $10,000.

        7.11 DEFINITION OF "KNOWLEDGE". As used herein with respect to the
Company, the term "knowledge" means the actual knowledge of the Company's
executive officers after they have conducted reasonable inquiry.

                            [SIGNATURE PAGE FOLLOWS]

                                       10
<PAGE>   14

        The foregoing Agreement is hereby executed as of the date first above
written.

               [SIGNATURE PAGE TO COMMON STOCK PURCHASE AGREEMENT]

                                   "COMPANY"

                                   SAGENT TECHNOLOGY, INC.
                                   a Delaware corporation

                                   By: /s/ Ben C. Barnes
                                      ------------------------------------------
                                       Name:   Ben C. Barnes
                                       Title:  President and Chief Executive
                                               Officer

<PAGE>   15

               [SIGNATURE PAGE TO COMMON STOCK PURCHASE AGREEMENT]

                               "PURCHASER"

                               PURCHASERS LISTED AND MARKED WITH AN ASTERISK
                               ON EXHIBIT A
                               By:  Zesiger Capital Group LLC
                               a New York limited liability company,
                               as agent and attorney in fact

                               By: /s/ James Cleery
                                  -------------------------------------------
                                   Name: James Cleery
                                   Title: Managing Director

<PAGE>   16

               [SIGNATURE PAGE TO COMMON STOCK PURCHASE AGREEMENT]

                                     "PURCHASER"

                                     BARUCH AND SHOSHANA HALPERN
                                     (as husband and wife)

                                     /s/ Baruch Halpern
                                     -----------------------------------------
                                     BARUCH HALPERN

                                     /s/ Shoshana Halpern
                                     -----------------------------------------
                                     SHOSHANA HALPERN

<PAGE>   17

               [SIGNATURE PAGE TO COMMON STOCK PURCHASE AGREEMENT]

                                   "PURCHASER"

                                   21ST CENTURY DIGITAL INDUSTRIES
                                     FUND, L.P.

                                   By: /s/ Richard B. Stewart, Jr.
                                      -----------------------------------------
                                       Name: Richard B. Stewart, Jr.
                                       Title: Managing Partner

<PAGE>   18

               [SIGNATURE PAGE TO COMMON STOCK PURCHASE AGREEMENT]

                                "PURCHASER"

                                CRCK LLC

                                By: /s/ Paul P. Tanico
                                   -------------------------------------------
                                    Name: Paul P. Tanico
                                    Title: Managing Member

<PAGE>   19

               [SIGNATURE PAGE TO COMMON STOCK PURCHASE AGREEMENT]

                                     "PURCHASER"

                                     REEDY CREEK INVESTMENTS LLC

                                     By: /s/ J.H. Goodnight
                                        ----------------------------------------
                                         Name: J.H. Goodnight
                                         Title: Member

<PAGE>   20

               [SIGNATURE PAGE TO COMMON STOCK PURCHASE AGREEMENT]

                                     "PURCHASER"

                                     SPECIAL SITUATIONS FUND III, L.P.

                                     By: /s/ Austin Marxe
                                        --------------------------------------
                                        Name: Austin Marxe
                                        Title: MD

<PAGE>   21

               [SIGNATURE PAGE TO COMMON STOCK PURCHASE AGREEMENT]

                                   "PURCHASER"

                                   SPECIAL SITUATIONS CAYMAN FUND, L.P.

                                   By: /s/ Austin Marxe
                                      ---------------------------------------
                                      Name: Austin Marxe
                                      Title: MD

<PAGE>   22

               [SIGNATURE PAGE TO COMMON STOCK PURCHASE AGREEMENT]

                                        "PURCHASER"

                                        SPECIAL SITUATIONS PRIVATE EQUITY
                                          FUND, L.P.

                                        By: /s/ Austin Marxe
                                           -------------------------------------
                                           Name: Austin Marxe
                                           Title: MD

<PAGE>   23

               [SIGNATURE PAGE TO COMMON STOCK PURCHASE AGREEMENT]

                                      "PURCHASER"

                                      SPECIAL SITUATIONS TECHNOLOGY
                                        FUND, L.P.

                                      By: Austin Marxe
                                         --------------------------------------
                                         Name: Austin Marxe
                                         Title MD

<PAGE>   24

               [SIGNATURE PAGE TO COMMON STOCK PURCHASE AGREEMENT]

                                    "PURCHASER"

                                    /s/ Nick Farwell
                                    --------------------------------------------
                                    NICK FARWELL

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