Document:

Exhibit 10.42

 

Portions of this exhibit have been omitted
and filed separately with the Secretary of the Securities and Exchange Commission (the “Commission”) pursuant to an
application for confidential treatment filed with the Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934,
as amended.  Such portions are marked as indicated below.

 

 

SECOND AMENDMENT TO ASSET PURCHASE
AND SALE AGREEMENT

 

This Second Amendment
to Asset Purchase and Sale Agreement, dated as of January 26, 2016 (this “Amendment”), amends the Asset
Purchase and Sale Agreement by and among Agile Technologies, LLC, a New Jersey limited liability company (the “Seller”),
the members of the Seller (the “Members”), and Majesco, a California corporation (the “Buyer”)
(together with Seller and the Members, the “Parties”), dated December 12, 2014, and as amended on January 1,
2015 (the “Purchase Agreement”) to the extent and in the manner herein provided. Capitalized terms used but
not otherwise defined in this Amendment shall have the meanings ascribed to them in the Purchase Agreement.

 

B A C K G
R O U N D

 

A.          WHEREAS
the Parties desire to amend Exhibit A Earn-Out Terms and Conditions (“Exhibit A”) to the Purchase Agreement;
and

 

B.           WHEREAS,
the Purchase Agreement by its terms may be modified or amended from time to time by the written consent of the parties thereto;

 

NOW, THEREFORE,
the Parties, intending to be legally bound, hereby agree as follows and agree to amend the Purchase Agreement in the manner hereinafter
provided:

 

1.            Incorporation
of Recitals. Each of the foregoing recitals is incorporated by reference in this Amendment as if fully set forth in the body
of this Amendment.

 

2.            
Modifications for 2015. For purposes of 2015 only, Exhibit A to the Purchase Agreement is modified as follows:

 

“(a) The following new subparts
will be added to Section 7 (c) to be included in Revenue for purposes of calculating the Earn-Out:

 

Section
7 (c) (v) Five percent of the initial order book
revenue of Buyer software (intellectual property) deals closed by the Agile Division.

 

Section 7 (c) (vi) Forty percent
(40%) of Revenue and EBITDA for Data Center of Excellence projects that have been signed in calendar year 2015.

 

(b) Except as
set forth in this Section 2 (a), for purposes of 2015, Exhibit A to the Purchase Agreement remains unchanged and in full force
and effect.”

 

3.           Transition
Period. The period January 1, 2016 through March 31, 2016, will be a transition period as the Parties convert the Earn-Out
Period to Buyer’s fiscal year. No Earn Out will accrue or be paid during this Transition Period.

 

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4.            Amendment
to Exhibit A for Fiscal Years 2016 and 2017. For fiscal years 2016 and 2017, Exhibit A to the Purchase Agreement is modified
as follows:

 

(a) In Section 1, delete all references
to the “Agile Division of Buyer” and replace with “Buyer”. All references to “New Business Targets”
are deleted.

 

(b) The Earn-Out Period defined
in Section 2 is deleted and replaced with the following:

 

“The Earn-Out will be calculated
over a period of three years (“Earn-Out Period”). The first year of the Earn-Out Period will commence on January 1,
2015 and end on December 31, 2015; the second year of the Earn-Out Period will commence on April 1, 2016 and end on March 31, 2017;
and the third year of the Earn-Out Period will commence on April 1, 2017 and end on March 31, 2018.”

 

(c ) Section 3 is hereby deleted
and replaced with the following;

 

“The Earn-Out will be calculated
as follows: 50% will be fixed and 50% will be variable as set forth in Section 9.”

 

(d) Section 6 is deleted and replaced
with following:

 

“Section 6 (a) “EBITDA”
shall mean Earnings before Interest, Taxes, Depreciation and Amortization for Buyer, i.e., net income with interest, taxes, depreciation,
and amortization added back.

 

Section 6 (b) “Revenue”
shall mean business revenue generated by Buyer as reported in its Form 10K for years 2016 and 2017.”

 

(e) Section 7(a), (b), (c), (d)
and (f) are hereby deleted.

 

(f) Section 8 (a), (b), and (d)
are deleted. All references in Section 8 (c) to “Agile Division” are deleted and replaced with “Buyer”.

 

(g) Section 9 is hereby deleted
and replaced with the following:

 

“Section 9 Calculation
of Earn Out.

 

(a) Fixed Earn-Out. Fifty
percent (50%) of the Earn-Out in the amount of Five Hundred Eighty Three Thousand Three Hundred Thirty Three Dollars ($583,333)
shall be fixed (the “Fixed Earn -Out”). The Fixed Earn- Out for 2016 shall be paid to Seller by January 31, 2017. The
Fixed Earn- Out for 2017 shall be paid to Seller by January 31, 2018.

 

(b) Variable Earn-Out. The
remainder of the Earn-Out (the “Variable Earn- Out”) shall be payable to Seller on a percentage basis as calculated
below only if Buyer achieves ninety percent (90%) of Buyer’s corporate Revenue and EBITDA goals for 2016 and 2017. For 2016,
the corporate Revenue and EBITDA goals are set forth in the agreed

 

    	 	-2-	 

     

    

  

budget for Buyer. For 2017, the
Buyer’s Revenue goal is [***] dollars ($[***]) and the Buyer’s adjusted EBITDA goal is 13%.
No Variable Earn-Out shall be payable for achieving less than 90% of the corporate Revenue and EBITDA for 2016 and 2017, respectively
and any Additional Earn-Out shall not exceed 20% of the Variable Earn-Out. For Revenue and EBITDA between 90% and 120% of Buyer’s
Revenue and EBITDA goals, Buyer will pay Seller a Variable Earn-Out calculated on a percentage basis (i.e., Seller will be eligible
to receive 90% of the Variable Earn-Out if the Buyer achieves 90% of Buyer’s Revenue and EBITDA goals; 95% of the Variable
Earn-Out if Buyer achieves 95% of Buyer’s Revenue and EBITDA goals; 120% of the Variable Earn-Out if the Buyer achieves
120% of Buyer’s Revenue and EBITDA goals, etc.)

 

			This portion of the Earn-Out, if payable, will be paid within fifteen (15) days of the date that Buyer’s Board of Directors
approves Buyer’s financials for 2017 and 2018, respectively.”

 

		(h)	Section 11 (a) deleted and replaced with the following: “Revenue and EBITDA will be as per the financial statements as
set forth in Buyer’s Form 10-K for 2017 and 2018, respectively”.

 

		(i)	Add the following new subpart (e) to Section 11:

 

“Seller may direct Buyer in writing to pay a portion
of the Earn-Out to the following individuals in such amounts as Seller directs: Dan Mets and Nick Coenen.”

 

		(j)	In Section 12 is hereby deleted.

 

5.            No
Further Amendment. Except as otherwise amended by this Amendment, all provisions of the Purchase Agreement, including, without
limitation, provisions relating to governing law, shall remain in full force and effect and shall apply to this Amendment (unless
this Amendment specifically amends a particular provision of the Purchase Agreement) and the Purchase Agreement and this Amendment
shall be construed together and considered one and the same agreement.

 

6.             Counterparts.
This Amendment may be executed in two or more counterparts and via facsimile, pdf or electronic delivery, each of which shall be
considered an original instrument, but all of which shall be considered one and the same agreement, and shall become binding when
one or more counterparts have been signed by each of the Parties and delivered to the other Party.

 

7.             Governing
Law; Waiver of Jury Trial. The Parties hereby agree that any Action arising out of or related to this Amendment shall be conducted
only in state or federal courts located in the borough of Manhattan in New York City, New York. Each Party hereby irrevocably consents
and submits to the exclusive personal jurisdiction of and venue in the federal and state courts

 

 

*** Confidential treatment has been requested with
respect to this portion of the agreement, and such confidential portion has been deleted and filed separately with the Securities
and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934.

 

    	 	-3-	 

     

    

  

located in the borough of Manhattan
in New York City, New York. EACH PARTY HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES TO THE FULLEST EXTENT PERMITTED
BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF,
UNDER OR IN CONNECTION WITH THIS AMENDMENT OR ANY TRANSACTION CONTEMPLATED HEREBY. Each Party agrees to accept service of any
summons, complaint or other initial pleading made in the manner provided for the giving of notices in Section 12.3 of the
Purchase Agreement. Nothing in this Section 10, however, shall affect the right of any Party to serve such summons, complaint
or initial pleading in any other manner permitted by Law. NOTWITHSTANDING ANYTHING CONTAINED HEREIN TO THE CONTRARY, THE PARTIES
AGREE THAT EACH PARTY HERETO SHALL HAVE THE RIGHT TO PROCEED AGAINST ANY OTHER PARTY IN A COURT IN ANY LOCATION TO ENABLE HIM OR
IT TO ENFORCE A JUDGMENT OR OTHER COURT ORDER ENTERED IN HIS OR ITS FAVOR.

 

[Signature Page
to Follow]

 

    	 	-4-	 

     

    

 

IN WITNESS WHEREOF, the Parties
have caused this Amendment to the Purchase Agreement to be executed and delivered as of the day and year first above written.

 

	Seller:	AGILE TECHNOLOGIES, LLC	 
	 	 	 	 
		By:	/s/ William Freitag	 
	 	 	Name: William Freitag	 
	 	 	Title: Managing Director and Chief Executive Officer
	 	 	 	 
	Members:	 	 	 
	 	 	/s/ William Freitag	 
	 	 	WILLIAM FREITAG	 
	 	 	 	 
	 	 	/s/ John Johansen	 
	 	 	JOHN JOHANSEN	 
	 	 	 	 
	 	 	/s/ Robert Buhrle	 
	 	 	ROBERT BUHRLE	 
	 	 	 	 
	Buyer:	MAJESCO	 
	 	 	 	 
	 	By:	/s/ Ketan Mehta	 
	 	 	Name: Ketan Mehta	 
	 	 	Title: President and Chief Executive Officer	 

 

[Signature Page to Second
Amendment to Purchase Agreement]Exhibit 10.43

 

FIRST AMENDMENT TO EMPLOYMENT
AGREEMENT

 

This First Amendment to Employment
Agreement, dated as of January 26, 2016 (this “Amendment”), amends the Employment Agreement by and among William
Freitag, (“Employee”), and Majesco, a California corporation (the “Company”), dated January 1, 2015
(the “Employment Agreement”) to the extent and in the manner herein provided. Capitalized terms used but not
otherwise defined in this Amendment shall have the meanings ascribed to them in the Employment Agreement.

 

B A C K G R O
U N D

 

A.           WHEREAS
the Parties desire to amend the Employment Agreement; and

 

B.           WHEREAS,
the Employment Agreement by its terms may be modified or amended from time to time by the written consent of the parties thereto;

 

NOW, THEREFORE, the Parties, intending
to be legally bound, hereby agree as follows and agree to amend the Purchase Agreement in the manner hereinafter provided:

 

1.          Incorporation
of Recitals. Each of the foregoing recitals is incorporated by reference in this Amendment as if fully set forth in the body
of this Amendment.

 

2.          Amendment
to Section 3.1 “Term”. Section 3.1 “Term” is hereby deleted and replaced with the following:

 

“3.1. Term. This Agreement is effective
as of the Effective Date and will continue in effect through March 31, 2018, unless it is earlier terminated in accordance with
Section 3.2 (the "Initial Term"); provided that, on March 31, 2018 and each annual anniversary thereafter (each a "Renewal
Date"), the term of this Agreement shall be deemed to be automatically extended, upon the same terms and conditions, for successive
periods of one year unless it is earlier terminated in accordance with Section 3.2 (each such one year (or lesser) period a "Renewal
Term", and the Renewal Terms together with the Initial Term, the "Term"), unless either party provides written notice
of its intention not to extend the term of the Agreement at least 60 days' prior to the applicable Renewal Date (a "notice
of Non-Renewal"). For clarity, and notwithstanding anything to the contrary herein, the Term shall end, and not extend beyond,
the Termination Date.”

  

3.          Entirety
and No Further Amendment. Except as otherwise amended by this Amendment, all provisions of the Employment Agreement, including,
without limitation, provisions relating to governing law, shall remain in full force and effect and shall apply to this Amendment
(unless this Amendment specifically amends a particular provision of the Employment Agreement) and the Employment Agreement and
this Amendment shall be construed together and considered one and the same agreement. This Amendment conforms to the requirements
under Section 7.5 of the Employment Agreement that the Employment

 

    -1-

     

    

 

Agreement may only be amended in writing by an
instrument executed by Employee and another officer of the Company expressly authorized by Company’s board.

 

4.          Counterparts.
This Amendment may be executed in two or more counterparts and via facsimile, pdf or electronic delivery, each of which shall be
considered an original instrument, but all of which shall be considered one and the same agreement, and shall become binding when
one or more counterparts have been signed by each of the Parties and delivered to the other Party.

 

[Signature Page
to Follow]

 

    -2-

     

    

 

IN WITNESS WHEREOF, the Parties
have caused this Amendment to the Employment Agreement to be executed and delivered as of the day and year first above written.

  

	Employee:	/s/ William Freitag
	 	WILLIAM FREITAG

 

	Company:	MAJESCO

 

	 	By:	/s/ Ketan Mehta
	 	 	Name: Ketan Mehta
	 	 	Title: President and Chief Executive Officer

 

[Signature Page to First Amendment to Employment
Agreement]

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