Document:

Prepared by MerrillDirect

 

PROMISSORY NOTE

US$200,000                                                                                                                                            June
25, 2001

 

             FOR
VALUE RECEIVED, Mark R. Weaser, a resident of Singapore (“Maker”), promises to
pay to the order of EXE Technologies, Inc., a Delaware corporation (“EXE”), the
principal sum of Two Hundred Thousand Dollars (US$200,000.00) (the “Principal
Amount” as may be adjusted from time to time in accordance with the terms
hereof), which shall be due and payable as set forth below:

             1.          The Principal Amount shall bear
interest at a rate of eight and one-half percent (8.5%) per annum.  Interest shall be payable annually on each
anniversary of this Promissory Note. 
Interest on the outstanding Principal Amount shall be calculated and
applied on the basis of a three hundred sixty-five (365) day year and the
actual number of days elapsed during the period commencing on the date hereof
through and including June 25, 2005 (the “Maturity Date”).  All payments, including the Principal
Amount, accrued interest thereon and all other sums due hereunder, shall be due
and payable in full upon the earlier of: (a) an Event of Default (as
hereinafter defined); (b) the Maturity Date; or (c) the Maker’s termination of
employment with EXE.  Each payment made
shall be applied: first, to any costs and charges incurred hereunder; second, to
accrued and unpaid interest; and third, to reduce the Principal Amount.

             2.          The Principal Amount may be prepaid in
full or in part at any time without premium or penalty.

             3.          All payments, including the Principal
Amount, interest thereon and all other sums due hereunder shall be payable, in
cash or by check, without setoff or deductions, in lawful money of the United
States of America at the following address: 
EXE Technologies, Inc., 8787 Stemmons Freeway, Dallas, Texas 75247,
attention: CFO, or at such other place as the holder hereof, from time to time,
may designate in writing to Maker.

             4.          The happening of any of the following
shall constitute an “Event of Default” hereunder, the occurrence of which
constitutes a demand for payment by EXE to Maker without any further action
whatsoever:

                           a.          The failure of Maker to pay when due
any payment of the Principal Amount, accrued interest thereon or any other
payment due under the terms of this Promissory Note; or

                           b.          The commencement of an involuntary
case or the filing of a petition against Maker seeking reorganization,
arrangement, adjustment or composition of or in respect of Maker under the
Federal bankruptcy laws, as now or hereafter constituted, or under any other
applicable Federal or State bankruptcy, insolvency, reorganization or other
similar law, or seeking the appointment of a receiver, liquidator, custodian,
trustee (or similar official) of Maker for any substantial part of his
properties, or seeking the winding-up or liquidation of his affairs (and such
involuntary case or petition is not dismissed within sixty (60) days after the
filing thereof), or the commencement by Maker of a voluntary case or the
institution by Maker of proceedings to be adjudicated a bankrupt or insolvent,
or the consent by him to the institution of bankruptcy or insolvency
proceedings against him, under the Federal bankruptcy laws as now or hereafter
constituted, or any other applicable Federal or State bankruptcy or insolvency
or other similar law, or the consent by Maker to the appointment of or taking
possession by a receiver, liquidator, trustee, custodian (or other similar
official) for any substantial part of Maker’s property, or the making by him of
any assignment for the benefit of creditors or the admission by him in writing
of his inability to pay his debts generally as such debts become due

             5.          In the event that there shall occur an
Event of Default or Maker fails to fully and timely perform any of his
obligations under this Promissory Note, payment of the Principal Amount and any
accrued interest thereon may be enforced and recovered, in whole or in part, at
any time by one or more of the remedies provided to EXE in this Promissory
Note, that certain Pledge Agreement between Maker and EXE dated the date
hereof, or under applicable law.  In
such case, EXE may set off against any amounts owed to Maker, including wages,
bonuses, expense reimbursements or other payments due Maker from EXE, the
Principal Amount, any accrued interest and any other amounts due EXE from Maker
under this Promissory Note.  Also, in
such case EXE shall also recover all costs of suit and other expenses in
connection therewith, together with the reasonable attorneys’ fees for
collection and interest on any judgment obtained by EXE from and after the date
of any execution, judicial or foreclosure sale until actual payment is made to
EXE of the full amount due EXE.

 

             6.          Maker hereby waives presentment for
payment, demand, notice of demand, notice of nonpayment or dishonor, protest
and notice of protest of this Promissory Note, and all other notices in
connection with the delivery, acceptance, performance, default, or enforcement
of the payment of this Promissory Note. 
Maker agrees that Maker’s liability shall be unconditional, without
regard to the liability of any other party, and shall not be affected in any
manner by any indulgence, extension of time, renewal, waiver or modification
granted or consented to by EXE.  Maker
agrees that additional guarantors or sureties may become parties hereto without
notice to Maker or affecting its liability hereunder.  Maker hereby waives and releases all errors, defects and
imperfections in any proceeding instituted by EXE under the terms of this
Promissory Note.

             7.          If Maker is required by the government
or taxing authority of the United States to deduct or withhold any taxes or
duties from the monies payable to EXE by Maker under this Agreement, then Maker
shall pay to EXE the gross amount of such monies, so that the net amount
received by EXE (after withholding or deducting the required amount) is equal
to the amount originally owed.

             8.          Except as otherwise expressly provided
in this Agreement, Maker shall pay directly, and indemnify EXE against and
repay EXE on demand for, any and all income, franchise, sales, use, personal
property, or other taxes, levies, customs, duties or other imposts or fees,
together with any loss, liability, claim, costs or expenses, interest and
penalties incurred by EXE as a result of Maker’s failure to pay any such taxes
when due.

             9.          If any provision of this Promissory
Note is held to be invalid or unenforceable by a court of competent
jurisdiction, then the other provisions of this Promissory Note shall remain in
full force and effect and shall be liberally construed in favor of EXE in order
to effect the provisions of this Promissory Note.

             10.        All rights and remedies of EXE under
this Promissory Note and any applicable law are separate and cumulative, and
the exercise of one shall not limit or prejudice the exercise of any other such
rights or remedies. The enumeration in this Promissory Note of any waivers or
consents by Maker shall not be deemed exclusive of any additional waivers or
consents by Maker which may be deemed to exist in law or equity.  No delay or omission by EXE in exercising
any right or remedy shall operate as a waiver thereof.  No waiver of any rights and remedies
hereunder, and no modification or amendment of this Promissory Note, shall be
deemed made by EXE unless in writing and duly signed by an officer of EXE.  Any such written waiver shall apply only to
the particular instance specified therein and shall not impair the further
exercise of such right or remedy or of any other right or remedy of EXE, and no
single or partial exercise of any right or remedy under this Promissory Note
shall preclude any other or further exercise thereof or any other right or
remedy.

             11.        Maker will reimburse EXE, upon demand,
for all costs and expenses incurred in connection with the collection and/or
enforcement of this Promissory Note or with respect to any litigation or
controversy arising from this Promissory Note (including, without limitation,
attorneys’ fees) whether or not suit is actually instituted.

             12.        Maker hereby irrevocably submits to the
personal and exclusive jurisdiction of the state courts of the State of Texas
in and for the County of Dallas or the United States District Court for the
Northern District of Texas over any suit, action or proceeding arising out of
or relating to this Promissory Note. 
Maker hereby irrevocably waives, to the fullest extent permitted by
applicable law, any objection which Maker may now have or hereafter have to the
laying of the venue of any such suits, action or proceeding brought in such
courts and any claim that any such suit, action or proceeding brought in such
courts has been brought in an inconvenient forum.  Maker agrees that, to the fullest extent permitted by applicable
law, a final judgment in any such suit, action, or proceeding brought in such
courts shall be conclusive and binding upon Maker, and may be enforced in any
courts in the jurisdiction of which Maker is or may be subject by a suit upon
such judgment.

 

             13.        Maker agrees that this Promissory Note
shall be governed by and construed according to the laws of the State of Texas,
U.S.A. without regard to the principles of conflicts of laws of any
jurisdiction.

             14.        This Promissory Note shall be binding
upon the heirs, executors and administrators of Maker and shall inure to the
benefit of EXE and its successors and assigns.

             15.        This Promissory Note represents a full
recourse obligation of Maker.

             16.        The parties further acknowledge that
obligations of Maker to EXE are subject to certain terms regarding forgiveness
of indebtedness set forth in that certain First Amendment dated June 25, 2001
to the Amended and Restated Employment Agreement dated as of October 18, 2000.

             IN WITNESS WHEREOF, the
undersigned, intending to be legally bound hereby, signs and seals this
Promissory Note, on the date first above written.

 

	 	/s/ 
  Mark Weaser

	 	Mark R. Weaser

	 	Address:Prepared by MerrillDirect

PLEDGE AGREEMENT

 

             For good and valuable consideration
and intending to be legally bound, Mark R. Weaser, a resident of Singapore
(herein “Pledgor”) hereby assigns, pledges and grants to EXE Technologies,
Inc., a Delaware, U.S.A. corporation with an address of 8787 Stemmons Freeway,
Dallas, Texas, U.S.A. 75247 (herein “EXE”), a security interest in the shares
of capital stock of EXE, now owned by or standing in the name of Pledgor, or in
which Pledgor has a legal or beneficial interest, which are more fully
described on Exhibit A attached hereto and made a part hereof (as the same may
from time to time be amended in writing by the parties hereto) (hereinafter
referred to as the “Securities,” which Securities together with all additions
thereto, substitutions or exchanges therefor, 
proceeds thereof and distributions thereon shall be referred to
collectively herein as the “Collateral”), as collateral security for the
payment and performance of all indebtedness, liability and obligations of
Pledgor to EXE, whether for principal, interest, fees, expenses or otherwise,
arising under that certain Promissory Note, dated the date hereof, made and
delivered by Pledgor and payable to the order of EXE, and any other documents,
agreements and instruments executed in connection therewith, including this
Agreement (herein collectively, the “Obligations,” with such agreements,
documents and instruments evidencing and documenting the Obligations being
herein referred to collectively as the “Documents”), all on the following terms
and conditions:

             1.          Pledgor
represents, warrants and covenants that:

                           a.          Pledgor has good title to the
Securities free and clear of all liens and encumbrances except the security
interest created hereby, any restrictions that may be applicable under federal
and state securities laws and regulations (collectively, “Securities Laws”),
and as described on Exhibit A.

                           b.          The Securities are validly issued,
fully paid and non-assessable and are not subject to any contractual or other
restrictions governing their issuance, transfer, ownership or control, except
as indicated on the stock certificates for the Securities.

                           c.          Pledgor has delivered to EXE
assignment or transfer powers with respect to the Securities duly executed in
blank by Pledgor in the form attached hereto as Exhibit B, and this Pledge
Agreement and such powers have been duly and validly executed and are binding
and enforceable against Pledgor in accordance with their terms; and the pledge
of the Securities in accordance with the terms hereof creates a valid and
perfected first priority security interest in the Securities securing payment
of the Obligations.

             2.          Pledgor
agrees not to (i) sell or otherwise dispose of, or grant any option with
respect to, any of the Collateral, or (ii) create or permit to exist any lien,
security interest, or other charge or encumbrance upon or with respect to any
of the Collateral, except the security interest under this Agreement.

 

             3.          Prior
to the full payment and performance of the Obligations, EXE shall be entitled
to receive, as additional Collateral, any and all additional shares of stock or
any other property of any kind distributable on or by reason of the Securities
pledged hereunder, whether in the form of or by way of stock dividends,
warrants, partial liquidation, conversion, prepayments or redemptions (in whole
or in part), liquidation, or otherwise with the sole exception of
non-liquidating declared cash dividends or cash interest payments as the case
may be.  If any of such property, other
than such cash dividends or interest, shall come into the possession or control
of Pledgor, then Pledgor shall hold or control and forthwith transfer and
deliver the same to EXE subject to the provisions hereof.

             4.          So
long as no default has occurred under any of the Obligations or the Documents
and Pledgor is in full compliance with the terms hereof:

                           a.          Pledgor shall be entitled to receive
and retain any non-liquidating cash dividends paid on the Securities pledged
hereunder.

                           b.          Pledgor may exercise all voting
rights, if any, pertaining to the Securities for any purpose not inconsistent
with the terms hereof or of the Obligations or the Documents.  In the event the Securities have been
transferred into the name of EXE or a nominee or nominees of EXE prior to default,
EXE or its nominee will execute and deliver upon request of Pledgor an
appropriate proxy in order to permit Pledgor to vote, if applicable, the same.

             5.          Pledgor
shall take all reasonable actions (and execute and deliver from time to time
all instruments and documents) necessary or appropriate or requested by EXE to
continue the validity, enforceability and perfected status of the pledge of
Securities hereunder.

             6.          After
the occurrence of a default under any of the Obligations or the Documents or if
any representation, warranty or agreement of Pledgor hereunder is breached or
proves to be false:

                           a.          EXE may transfer or cause to be
transferred any of the pledged Securities into its own or a nominee’s or
nominees’ names and may sell or otherwise transfer the pledged Securities at
its discretion.

                           b.          EXE shall be entitled to receive and
apply in payment of the Obligations any cash dividends, interest or other
payment on the pledged Securities.

                           c.          EXE shall be entitled to exercise in
EXE’s discretion all voting rights, if any, pertaining thereto and in
connection therewith and at the written request of EXE, Pledgor shall execute
any appropriate dividend, payment or brokerage orders or proxies.

 

                           d.          Pledgor shall take any action
necessary, required or requested by EXE, in order to allow EXE fully to enforce
the pledge of the Securities hereunder and realize thereon to the fullest
possible extent, including but not limited to the filing of any claims with any
court, liquidator or trustee, custodian, receiver or other like person or
party.

                           e.          In consideration of the outstanding
principal amount of the Obligations, any accrued and unpaid interest thereon
and any costs, fees, or expenses incurred by EXE hereunder or thereunder and
due to EXE at the time of the occurrence of an Event of Default (collectively,
the “Default Amount”), EXE shall have the right to cancel the number of shares
of the Securities pledged hereunder (or the number of Stock Options equivalent
thereto) equal to the Default Amount, divided by the closing price of EXE
Common Stock as quoted on the Nasdaq Stock Market on the last trading day
immediately prior to the date of the Event of Default (rounded up to the
nearest whole share).  The remedy provided
to EXE in this subparagraph 6.e shall be separate and cumulative with respect
to any other remedies provided hereunder, under the Uniform Commercial Code as
in effect from time to time in Texas, under any other statute or the common law
or under any of the Documents, and the exercise of the remedy provided under
this subparagraph 6.e shall not limit or prejudice the exercise of any other
available rights or remedies.

                           f.           EXE shall have all the rights and
remedies granted or available to it hereunder, under the Uniform Commercial
Code as in effect from time to time in Texas, under any other statute or the
common law, or under any of the Documents, including the right to sell the
pledged Securities or any portion thereof at one or more public or private
sales upon ten (10) days’ written notice and to bid thereat or purchase any
part or all thereof in its own or a nominee’s or nominees’ names, free and
clear of any equity of redemption; and to apply the net proceeds of the sale,
after deduction for any expenses of sale, including the payment of all EXE’s
reasonable attorneys’ fees in connection with the Obligations and the sale, to
the payment of the Obligations in any manner or order which EXE in its sole
discretion may elect, without further notice to or consent of Pledgor and
without regard to any equitable principles of marshalling or other like
equitable doctrines.

                           g.          EXE may increase, in its sole
discretion, but shall not be required to do so, the Obligations by making
additional advances or incurring expenses for the account of Pledgor deemed
appropriate or desirable by EXE in order to protect, enhance, preserve or
otherwise further the sale or disposition of the Collateral or any other
property EXE holds as security for the Obligations.

             7.          a.          Pledgor recognizes that EXE may be
unable to effect a sale to the public of all or part of the Securities by
reason of certain prohibitions or restrictions in the Securities Laws, or the
provisions of other federal and state laws, regulations or rulings, but may be
compelled to resort to one or more sales to a restricted group of purchasers
who will be required to agree to acquire the Securities for their own account,
for investment and not with a view to the further distribution or resale
thereof without restriction.  Pledgor
agrees that any sale(s) so made may be at prices and on other terms less
favorable to Pledgor than if the Securities were sold to the public, and that
EXE has no obligation to delay sale of the Securities for period(s) of time
necessary to permit the issuer thereof to register the Securities for sale to
the public under any of the Securities Laws. 
Pledgor agrees that negotiated sales whether for cash or credit made
under the foregoing circumstances shall not be deemed for that reason not to
have been made in a commercially reasonable manner.  Pledgor shall cooperate with EXE and shall satisfy any
requirements under the Securities Laws applicable to the sale or transfer of
the Securities by EXE.

 

                           b.          In connection with any sale or
disposition of the Collateral, EXE is authorized to comply with any limitation
or restriction, as it may be advised by its counsel, that is necessary or
desirable in order to avoid any violation of applicable law or to obtain any
required approval of the purchaser(s) by any governmental regulatory body or
officer and it is agreed that such compliance shall not result in such sale
being considered not to have been made in a commercially reasonable manner, nor
shall EXE be liable or accountable by reason of the fact that the proceeds
obtained at such sale(s) are less than might otherwise have been obtained.

             8.          Pledgor
will pay EXE the amount of any reasonable expenses, including counsel fees and
expenses, incurred by EXE in connection with the failure of Pledgor to perform
hereunder.

             9.          Pledgor
hereby irrevocably submits to the personal and exclusive jurisdiction of the
state courts of the State of Texas for the County of Dallas or the United
States District Court for the Northern District of Texas over any suit, action
or proceeding arising out of or relating to this Pledge Agreement. Pledgor
hereby irrevocable waives, to the fullest extent permitted by applicable law,
any objection which Pledgor may now have or hereafter have to the laying of the
venue of any such suits, action or proceeding brought in such court and any
claim that any such suit, action or proceeding brought in such a court has been
brought in an inconvenient forum. 
Pledgor agrees that, to the fullest extent permitted by applicable law,
a final judgment in any such suit, action, or proceeding brought in such a
court shall be conclusive and binding upon Pledgor, and may be enforced in any
courts in the jurisdiction of which Pledgor is or may be subject by a suit upon
such judgment.

             10.        This
Pledge Agreement shall be binding upon the successors and assigns of Pledgor
and shall inure to the benefit of EXE and its successors and assigns, and shall
be governed as to its validity, interpretation and effect by the laws of the
State of Texas, U.S.A., without regard to the conflicts of laws principles of
any jurisdiction; and any terms used herein that are defined in the Uniform
Commercial Code as enacted in Texas shall have the meanings therein set forth.

 

             11.        If
EXE shall waive any rights or remedies arising hereunder or under any
applicable law, then such waiver shall not be deemed to be a waiver upon the
later occurrence or recurrence of any of said events.  No delay by EXE in the exercise of any right or remedy provided
hereunder or otherwise shall under any circumstances constitute or be deemed to
be a waiver, express or implied, of the same and no course of dealing between
the parties hereto shall constitute a waiver of EXE’s rights or remedies.

             12.        Pledgor
hereby irrevocably appoints EXE as its attorney-in-fact to execute, deliver and
record, if appropriate, from time to time any instruments or documents in
connection with the Collateral, in Pledgor’s names upon the occurrence of a
default under any of the Obligations or the Documents.

             13.        This
Pledge Agreement together with the Obligations represents the entire
understanding of the parties with respect to the subject matter hereof, and no
modification or change herein shall be effective unless contained in a writing
signed by the parties hereto.

             IN
WITNESS WHEREOF, the parties hereto have executed this Pledge Agreement on this
25th day of June, 2001.

	 	PLEDGOR:

	 	/s/  Mark Weaser

	 	MARK
  R. WEASER

	 	EXE:

	 	EXE
  TECHNOLOGIES, INC.
	 	 
	 	By:	/s/
  Christopher F. Wright

	 	Title:	    SVP – Administration

EXHIBIT
A

 

             33,333shares
(subject to equitable adjustment) of Common Stock, par value $.01 per share, of
EXE Technologies, Inc.

EXHIBIT
B

 

 

STOCK
POWER

 

             FOR
VALUE RECEIVED and pursuant to the Pledge Agreement dated June __, 2001 between
the undersigned and EXE (the “Pledge Agreement”), the undersigned hereby sells,
assigns and transfers unto EXE or its successors, the Securities and the
Collateral standing in the undersigned’s name on the books of the
corporation(s) that issued the Securities or the Collateral, as the case may
be, represented by certificate(s) number(s) ____________ delivered herewith,
and does hereby irrevocably constitute and appoint ______________ as
attorney-in-fact, with full power of substitution, to transfer the Securities
on the books of said corporation.  All
capitalized terms used in this Stock Power but not defined in this Stock Power
shall have the meanings ascribed to such terms in the Pledge Agreement.  This Stock Power was executed in conjunction
with the terms of the Pledge Agreement and may be utilized only in conjunction
with the terms of the Pledge Agreement.

 

Dated: 
_________________, 200_

 

	 	PLEDGOR
	 	 
	 	/s/
  Mark Weaser

	 	     (Signature)

	 	Mark
  R. Weaser

	 	     (Type or Print Name)

 

INSTRUCTIONS:  Please do not fill
in ANY blanks other than the signature line.

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