Document:

Consent and Waiver Agreement

 Exhibit 10.35 
 Consent and Waiver Agreement 
 February 9, 2006 
 This Consent, Waiver and Release Agreement (this “Agreement”) is made and entered into as of the 9th day of February, 2006 among Artisoft, Inc., a Delaware corporation (the “Company”), and each of the undersigned holders
(collectively, the “Stockholders”) of shares of the Company’s common stock, $0.01 par value per share (the “Common Stock”), and warrants (the “Warrants”) to purchase Common Stock who are
parties to any of the Prior Agreements or the 2004 Agreement (as such terms are defined below) (such Stockholders holding a sufficient number of shares of Common Stock and interests in the Warrants to take the actions provided for herein).

 WHEREAS, the Company desires to enter into a purchase agreement substantially in the form attached hereto as Exhibit A (the
“2006 Purchase Agreement”) with certain investors (the “Investors”), including certain Stockholders, relating to the issuance and sale of the Company’s Series D Convertible Preferred Stock (the “Series
D Preferred Stock”) and warrants to purchase shares of the Company’s Common Stock (the “2006 Warrants”); 
 WHEREAS, the Company and the Stockholders are parties to, as applicable, (i) that certain Stock Purchase Agreement, dated September 28, 2004 (the “2004 Agreement”), and (ii) that certain Stock Purchase
Agreement, dated September 28, 2005 (the “2005 Agreement”); 
 WHEREAS, each of the Stockholders has separately entered
into a Voting Agreement, dated as of September 28, 2005 (each, a “Voting Agreement”) with the Company; 
 WHEREAS, the
Stockholders desire that the Company and the Investors enter into the 2006 Purchase Agreement; and 
 WHEREAS, the parties hereto desire to
make certain consents and waivers in connection with the 2006 Purchase Agreement. 
 NOW, THEREFORE, in consideration of the foregoing and
the promises and covenants set forth herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto consent and agree as follows: 
 1. Consent to 2006 Purchase Agreement. The Stockholders hereby consent to the 2006 Purchase Agreement and the transactions contemplated thereby,
including without limitation, the issuance and sale of the Series D Preferred Stock and the 2006 Warrants pursuant thereto. 
 2. Waiver
of Provisions of the 2005 Agreement. The Stockholders that are parties to the 2005 Agreement, on behalf of all of the parties to the 2005 Agreement, hereby waive Sections 3.4 [Right of First Refusal] and 4.2 [Issuance of Equity Securities],
solely for purposes of effecting the transactions contemplated by the 2006 Purchase Agreement. 

 3. Waiver of Provisions of the 2004 Agreement. The Stockholders that are parties to the 2004
Agreement, on behalf of all of the parties to the 2004 Agreement, hereby waive Sections 3.4 [Right of First Refusal] and 4.2 [Issuance of Equity Securities], solely for purposes of effecting the transactions contemplated by the 2006 Purchase
Agreement. 
 4. Consent to Amendment of Voting Agreements. Each Stockholder hereby consents to the amendment of each Voting Agreement
as provided in each Amendment No. 1 to Voting Agreement of even date herewith, the form of which is attached hereto as Exhibit B. 
 5. Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. This Agreement may be executed via
facsimile, which shall be deemed an original. 
 6. Severability. If any provision of this Agreement shall be declared void or
unenforceable by any judicial or administrative authority, the validity or enforceability of any other provision and of the entire Agreement shall not be affected. 
 7. Enforceability. Upon execution of this Agreement by the undersigned Stockholders, the validity of any waiver, consent or amendment made hereunder shall be unaffected by the failure of any one or more
stockholders of the Company to execute this Agreement. 
 8. Governing Law. This Agreement shall be governed by and construed and
enforced in accordance with the laws of the State of New York. 
 9. Confidentiality. Each of the Stockholders hereby agrees, that
except as required by law, to hold in confidence the 2006 Purchase Agreement, this Agreement, all of the terms thereof and all of the transactions contemplated thereby and hereby until such time as the material terms thereof and hereof are publicly
disclosed by the Company (which the Company agrees to do in compliance with applicable law). 
 [Signature pages follow] 
  

 2 

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

  

			
	 COMPANY:

	
	 ARTISOFT, INC.

		
	 By:
	 	 /s/ KEN
CLINEBELL                                      
      

	 Name: Ken Clinebell

	 Title: CFO-Interim

			
	 STOCKHOLDERS:

	
	 M/C VENTURE PARTNERS V, L.P.

	
	 By M/C VP V, LLC, its general partner

		
	 By:
	 	 /s/ JOHN W. WATKINS

		 	 
	 Name:
	 	
		 	 
	 Title:
	 	
		 	 
	
	 M/C VENTURE INVESTORS, LLC

		
	 By:
	 	 /s/ JOHN W. WATKINS

		 	 
	 Name:
	 	
		 	 
	 Title:
	 	
		 	 
	
	 CHESTNUT VENTURE PARTNERS, L.P.

	
	 By Chestnut Street Partners, Inc., its general partner

		
	 By:
	 	 /s/ JOHN W. WATKINS

		 	 
	 Name:
	 	
		 	 
	 Title:
	 	
		 	 

									
	 SPECIAL SITUATIONS FUND III, L.P.
	 		 	SPECIAL SITUATIONS CAYMAN FUND, L.P.
			
	By AWM Investment Company, Inc., its general partner	 		 	By AWM Investment Company, Inc., its general partner
					
	 By:
	 	 /s/ DAVID M.
GREENHOUSE
	 		 	 By:
	 	 /s/ DAVID M. GREENHOUSE

	 Name:
	 	  	 		 	 Name:
	 	  
	 Title:
	 	  	 		 	 Title:
	 	  
			
	SPECIAL SITUATIONS PRIVATE EQUITY FUND, L.P.	 		 	SPECIAL SITUATIONS TECHNOLOGY
			
	By MG Advisers L.L.C., its general partner	 		 	By SST Advisers, L.L.C., its general partner
					
	 By:
	 	 /s/ DAVID M. GREENHOUSE

	 		 	 By:
	 	 /s/ DAVID M. GREENHOUSE

	 Name:
	 	  	 		 	 Name:
	 	  
	 Title:
	 	  	 		 	 Title:
	 	  
				
	SPECIAL SITUATIONS TECHNOLOGY FUND II, L.P.	 		 		 	
				
	By SST Advisers, L.L.C., its general partner	 		 		 	
					
	 By:
	 	 /s/ DAVID M. GREENHOUSE

	 		 		 	
	 Name:
	 	  	 		 		 	
	 Title:
	 	  	 		 		 	

			
	PATHFINDER VENTURES III, L.L.C.
	
	By RRS Investments II, L.L.C., its Manager
	
	By Stolworthy Revocable Trust, its Manager
		
	 By:
	 	 /s/ R. RANDY STOLWORTHY

		 	      R. Randy Stolworthy, Trustee

			
	CORAL’S MOMENTUM FUND,
LIMITED PARTNERSHIP
	
	By Coral’s Momentum Fund Management
Partners, LLC, its General Partner
		
	 By:
	 	 /s/ TODD ORTBERG

	 Name:
	 	 Todd Ortberg

	 Title:
	 	 Managing Director

		
	 By:
	 	 /s/ MARK C. HEADRICK

	 Name:
	 	 Mark C. Headrick

	 Title:
	 	 Managing DirectorConsent Agreement

 Exhibit 10.36 
 CONSENT AGREEMENT 
 This CONSENT AGREEMENT (this “Consent”), dated as
of February 9, 2006, is entered into by and between Artisoft, Inc., a Delaware corporation, and Vertical Communications Acquisition Corp., a Delaware corporation (hereinafter, individually and collectively, jointly and
severally, the “Borrower”) and Silicon Valley Bank (hereinafter, the “Lender”). 
 WHEREAS,
the Borrower and the Lender are parties to that certain Loan and Security Agreement dated as of September 28, 2005 (as amended and as may be further amended and in effect from time to time, the “Credit Agreement”), pursuant
to which the Lender, upon certain terms and conditions, has agreed to make loans to, issue letters of credit for the benefit of, and provide other financial accommodations to the Borrower; 
 WHEREAS, the Borrower has requested that the Lender consent to the issuance and sale by Artisoft, Inc. of certain Series D Convertible Preferred
Stock and warrants as more particularly set forth in a certain Securities Purchase Agreement (the “SPA”) attached hereto as EXHIBIT A and specifically incorporated by reference herein; 
 WHEREAS, the Lender has agreed, on the terms and subject to the conditions set forth herein, to consent to such transaction. 
 NOW, THEREFORE, the parties hereto hereby agree as follows: 
  

	1.	Defined Terms. Capitalized terms which are used herein without definition and which are defined in the Credit Agreement shall have the same meanings herein as in the Credit
Agreement. 

  

	2.	Consent. The Borrower has informed the Lender that Artisoft, Inc. intends to consummate the transactions contemplated by the SPA (the “Transaction”) upon terms
substantially similar to those contained therein. In reliance upon the representations of the Borrower herein and therein, the Lender hereby consents to the consummation of the Transaction, subject to each of the following terms and conditions:

  

	 	(a)	The Transaction shall be consummated on or before February 15, 2006 upon terms substantially similar to those contained in the SPA and without any material amendment or
modification thereto (it being agreed that any amendment or modification to the SPA which may be adverse to the interests of the Lender shall be deemed to be material); 

  

	 	(b)	The Borrower shall deliver to the Lender true and complete copies of all documents, instruments and agreements executed in connection with the Transaction promptly after
consummation of the Transaction; and 

  

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	 	(c)	The Borrower acknowledges and agrees that while dividends may accrue in connection with Transaction without creating an Event of Default under the Credit Agreement, the Borrower is
prohibited from (a) paying or declaring any dividends on or with respect to the Shares or the Conversion Shares (as such terms are defined in the SPA), except for dividends payable solely in stock of Artisoft, Inc. or, (b) redeeming,
retiring, purchasing or otherwise acquiring any of the Shares or the Conversion Shares until such time as all Obligations under the Credit Agreement, and any extensions, renewals or refinancings thereof, has been repaid in full, without, in any
case, obtaining the prior written consent of the Lender. 

  

	3.	Waiver. In connection with the consummation of the Transaction, the Borrower has requested that the Lender waive certain Events of Default to the extent any such Events of
Default shall be deemed to arise as a result thereof. Accordingly, the Lender hereby waives any Event of Default which may arise under the Credit Agreement solely from the consummation of the Transaction. The waiver herein shall constitute a
one-time waiver and shall relate only to such defaults which may occur as a result of the consummation of the Transaction, and shall not be deemed to constitute a waiver of any other Event of Default, whether now existing or hereafter
arising. 

  

	4.	Representations and Warranties. The Borrower hereby represents and warrants to the Lender as follows: 

  

	 	(a)	The execution and delivery of this Consent by the Borrower and the performance by the Borrower of its obligations and agreements under this Consent and the Credit Agreement as
amended hereby, are within the corporate authority of the Borrower, have been duly authorized by all necessary corporate proceedings on behalf of the Borrower and do not and will not contravene any provision of law, statute, rule or regulation to
which the Borrower is subject or the Borrower’s charter, other incorporation papers, by-laws or any stock provision or any amendment thereof or of any agreement or other instrument binding upon the Borrower. 

  

	 	(b)	This Consent and the Credit Agreement as modified hereby constitute legal, valid and binding obligations of the Borrower, enforceable against the Borrower in accordance with their
respective terms, except as limited by bankruptcy, insolvency, reorganization, moratorium or other laws relating to or affecting generally the enforcement of creditors’ rights in general, and by general principles of equity (regardless of
whether such enforceability is considered in a proceeding in equity or at law). 

  

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	 	(c)	No approval or consent of, or filing with, any governmental agency or authority is required to make valid and legally binding the execution, delivery or performance by the Borrower
of this Consent or the Credit Agreement as modified hereby. 

  

	5.	Waiver of Claims. The Borrower hereby acknowledges and agrees that it does not have any offsets, defenses, claims, or counterclaims against the Lender or any of its officers,
directors, employees, affiliates, attorneys, representatives, predecessors, successors, or assigns with respect to the Credit Agreement or any of the other Loan Documents, the Obligations, or otherwise, and that if the Borrower now has, or ever did
have, any such offsets, defenses, claims, or counterclaims against the Lender or any of its officers, directors, employees, attorneys, representatives, predecessors, successors, or assigns, whether known or unknown, at law or in equity, from the
beginning of the world through this date and through the time of execution of this Consent, all of them are hereby expressly WAIVED, and the Borrower hereby RELEASES the Lender and its officers, directors, employees, affiliates, attorneys,
representatives, predecessors, successors, and assigns from any liability therefor. 

  

	6.	Miscellaneous Provisions. 

  

	 	(a)	Except as otherwise expressly provided by this Consent, all of the terms, conditions and provisions of the Credit Agreement shall remain the same. It is declared and agreed by each
of the parties hereto that the Credit Agreement, as modified hereby, shall continue in full force and effect, and that this Consent and the Credit Agreement shall be read and construed as one instrument. 

  

	 	(b)	This Consent is intended to take effect as an agreement under seal and shall be construed according to and governed by the laws of the Commonwealth of Massachusetts.

  

	 	(c)	This Consent may be executed in any number of counterparts, but all such counterparts shall together constitute but one instrument. In making proof of this Consent it shall not be
necessary to produce or account for more than one counterpart signed by each party hereto by and against which enforcement hereof is sought. 

 [remainder of page intentionally left blank] 
  

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 IN WITNESS WHEREOF, the parties hereto have executed this Consent as of the date first written
above. 
  

			
	 ARTISOFT, INC.

		
	 By:
	 	 /s/ KEN CLINEBELL

	 Name:
	 	 Ken Clinebell

	 Title:
	 	 CFO-Interim

	
	VERTICAL COMMUNICATIONS ACQUISITION CORP.
		
	 By:
	 	 /s/ KEN CLINEBELL

	 Name:
	 	 Ken Clinebell

	 Title:
	 	 CFO-Interim

  

			
	 ACKNOWLEDGED AND AGREED:

	
	 SILICON VALLEY BANK

		
	 By:
	 	 /s/ MICHAEL TRAMACK

	 Name:
	 	 Michael Tramack

	 Title:
	 	 Vice President

  

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