Document:

exv10w11

 

			
	
	 	Exhibit 10.11

September 6, 2005

Steve McLaughlin

Dear Steve:

On behalf of Activant Solutions Inc., I am pleased to extend an offer to you for the position of
Vice President and General Manager, Wholesale Distribution Group, reporting to Pervez Qureshi,
Chief Operating Officer. This offer includes the following terms:

	 	•	 	A base salary of $215,000 annually.
	 
	 	•	 	Target annual incentive on the Corporate Incentive Bonus Program of $125,000. In
addition, we guarantee that you will receive $93,750 of that bonus amount for FY 2006.
	 
	 	•	 	A Wholesale Distribution performance bonus (for FY 2006 only) with a total target of
$45,000 at 110% of plan paid at the end of the fiscal year (based on certain performance
metrics that are to be determined.) In addition, we guarantee that you will receive
$33,750 of that bonus amount.
	 
	 	•	 	A one time ‘reporting bonus’ of a gross sum of $30,000 payable immediately upon your
acceptance of the job.
	 
	 	•	 	A grant of 90,000 stock options pursuant to the Company’s 2000 Stock Option Plan
(subject to approval of the Board of Directors)
	 
	 	•	 	Severance protection as follows: If Activant terminates your employment other than for
cause (as defined in the Plan), you will receive thirty nine (39) weeks of separation pay
at the rate of your base salary plus target Corporate Incentive Bonus as well as cobra
costs for the severance period provided you agree to the terms of the relevant severance
policy, including but not limited to, execution of a standard general release.
	 
	 	•	 	Effective October 1, 2005

This job requires you to relocate to a location that is proximal to the Yardley, PA office by
December 31, 2005. To assist you with the costs of this move, Activant is offering you the choice
between two options:

	 	1)	 	Based on your expressed desire to have flexibility on retaining your current property
in Denver, Activant will provide you with a gross sum of $100,000 to assist with your
relocation in lieu of reimbursing any specific relocation costs.
	 
	 	2)	 	If you decide to sell your property in Denver within 90 days of accepting this offer,
we will provide reimbursement to you for appropriate move related costs (excluding
reimbursement for any points paid on any future mortgage) not to exceed $90,000. Activant
will also apply the appropriate gross up to your reimbursed costs in the reimbursement you
receive.

This offer is not an employment contract or an offer of employment for a specific term and your
employment at Activant is still considered “at-will. This means that either you or Activant may
terminate the employment relationship at any time and for any reason not otherwise prohibited by
law. This offer supersedes any other representations which may have been made or which may be made
to you. If you accept this offer, the terms described in this letter shall be the terms of your
employment. Any additions or modifications of these terms must be in writing and signed by
yourself and an authorized representative of Activant.

Sincerely,

 

 

			
	l  Page 2

Todd Nalodka 

Vice President, Human Resources
	 	December 17,2007exv10w12

 

Exhibit
10.12

ASSUMPTION AND RELEASE AGREEMENT

     THIS ASSUMPTION AND RELEASE AGREEMENT (the “Agreement”) is made effective as of October 13,
2006, by and among Lone Star Holding Corp., a Delaware corporation (“Lone Star”), Hellman &
Friedman Capital Partners V, L.P., a Delaware corporation (“H&F”), Thoma Cressey Fund VII,
L.P., a Delaware limited partnership (“TCEP”), and Marcel Bernard, an individual.

RECITALS:

     A. Affiliates of each of H&F and TCEP entered into a letter agreement (the “Letter”),
dated as of April 7, 2006, with Marcel Bernard, regarding, among other things, his role and
responsibilities at Activant Solutions Holdings Inc., a Delaware corporation (“ASHI”) or
its holding company.

     B. On May 2, 2006, Lone Star Merger Corp., a Delaware corporation and wholly-owned subsidiary
of Lone Star merged with and into ASHI, with ASHI surviving the merger (the “First
Merger”). Immediately following the First Merger, ASHI merged with and into Activant Solutions
Inc., a Delaware corporation (“ASI”), and wholly-owned subsidiary of ASHI, with ASI
surviving the merger (the “Second Merger”). As a result of the Second Merger, Lone Star
became the holding company of ASI.

     C. As of the date of this Agreement, Marcel Bernard is a member of the board of directors of
ASI and Lone Star.

     D. The parties hereto have each agreed to execute and deliver this Agreement to confirm that
(i) Lone Star will assume the obligations and liabilities of H&F and TCEP under the Letter from and
after the date hereof and (ii) each of H&F and its affiliates, TCEP and its affiliates and each of
their respective directors, officers, employees, partners, members, managers and representatives
shall be fully released of any and all obligations and liabilities thereunder as of the date
hereof.

AGREEMENT:

     In consideration of the foregoing and the mutual covenants and promises set forth in this Agreement
and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, Lone Star, H&F, TCEP and Marcel Bernard agree as follows:

     1. Assumption of Obligation. Lone Star agrees to, and does hereby assume, the
performance of all of the terms, covenants and conditions of the Letter and all of the obligations
and liabilities of H&F and TCEP, arising out of, or relating to, the Letter, whether accruing, or
being required to be paid or performed, prior to, on or after the date hereof. Lone Star further
agrees to abide by, and be bound by, all of the terms of the Letter, as though the Letter had been
made, executed and delivered by Lone Star. The provisions of the Letter are incorporated herein by
this reference, as if fully set forth herein. Lone Star acknowledges and agrees that any reference
to H&F or TCEP in the Letter shall be deemed to refer to Lone Star from and after the date of this
Agreement.

 

 

     2. Release of H&F and TCEP. In consideration of the mutual covenants contained
herein, Marcel Bernard unconditionally and irrevocably releases and forever discharges H&F and its
affiliates, TCEP and its affiliates and each of their respective directors, officers, employees,
partners, members, managers and representatives (each of the foregoing, a “Releasee,” and
collectively, the “Releasees”) from any and all obligations and liabilities arising out of
or relating to the Letter, whether accruing, or being required to be paid or performed, prior to,
on or after the date hereof (the “Released Matters”). Each of Lone Star and Marcel Bernard
expressly acknowledges that it or he has had, or has had and waived, the opportunity to be advised
by independent legal counsel and hereby waives and relinquishes all rights and benefits afforded by
Section 1542 of the California Civil Code with respect to the Released Matters and does so
understanding and acknowledging the significance and consequence of such specific waiver of Section
1542 which provides:

A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR
SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF
KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE
DEBTOR.

     3. Miscellaneous.

     (a) This Agreement shall be construed according to and governed by the laws of the
State of California without regard to its conflicts of law principles.

     (b) If any provision of this Agreement is adjudicated to be invalid, illegal or
unenforceable, in whole or in part, it will be deemed omitted to that extent and all other
provisions of this Agreement will remain in full force and effect.

     (c) No change or modification of this Agreement shall be valid unless the same is in
writing and signed by all parties hereto.

     (d) The captions contained in this Agreement are for convenience of reference only and
in no event define, describe or limit the scope or intent of this Agreement or any of the
provisions or terms hereof.

     (e) This Agreement shall be binding upon and inure to the benefit of the parties and
their respective heirs, legal representatives, successors and permitted assigns. In
addition, the provisions of Section 2 of this Agreement are also intended to be for the
benefit of, and shall be enforceable by, each Releasee, and each such of such Releasee’s
heirs, representatives, successors or assigns, it being expressly agreed that the Releasees
shall be third party beneficiaries of Section 2 of this Agreement.

     (f) This Agreement may be executed in any number of counterparts with the same effect
as if all parties hereto had signed the same document. All such counterparts shall be
construed together and shall constitute one instrument, but in making proof hereof it shall
only be necessary to produce one such counterpart.

 

 

     (g) This Agreement represents the final agreement between the parties hereto and may
not be contradicted by evidence of prior, contemporaneous or subsequent oral agreements.

[Signature page follows]

 

 

     IN WITNESS WHEREOF, the parties have executed this Assumption and Release Agreement as of the date
first above written.

	 	 	 	 	 	 	 
	 	 	LONE STAR HOLDING CORP.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

Pervez Qureshi
	 	 
	 

	 	Title:
	 	President & Chief Executive Officer	 	 
	 
	 	 	 	 	 	 
	 	 	HELLMAN & FRIEDMAN CAPITAL PARTNERS V, L.P.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	+

	 	Name:
	 	 

David Tunnell
	 	 
	 

	 	Title:
	 	Managing Director	 	 
	 
	 	 	 	 	 	 
	 	 	THOMA CRESSEY EQUITY PARTNERS, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

Orlando Bravo
	 	 
	 

	 	Title:
	 	Managing Partner	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 	 	Marcel Bernard

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