<SEC-DOCUMENT>0001392972-13-000039.txt : 20131024
<SEC-HEADER>0001392972-13-000039.hdr.sgml : 20131024
<ACCEPTANCE-DATETIME>20131024061640
ACCESSION NUMBER:		0001392972-13-000039
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20131024
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20131024
DATE AS OF CHANGE:		20131024

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PROS Holdings, Inc.
		CENTRAL INDEX KEY:			0001392972
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROGRAMMING SERVICES [7371]
		IRS NUMBER:				760168604
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33554
		FILM NUMBER:		131166800

	BUSINESS ADDRESS:	
		STREET 1:		3100 MAIN STREET
		STREET 2:		SUITE 900
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77002
		BUSINESS PHONE:		713-335-5151

	MAIL ADDRESS:	
		STREET 1:		3100 MAIN STREET
		STREET 2:		SUITE 900
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77002
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8-k24oct2013.htm
<DESCRIPTION>8-K 24OCTOBER2013
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
		<!-- Document created using WebFilings 1 -->
		<!-- Copyright 2008-2013 WebFilings LLC. All Rights Reserved -->
		<title>Form 8-K 24Oct2013 </title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<a name="sDAA804F35C1097E51A49E7C3F9C16709"></a><div></div><br><div style="line-height:120%;padding-bottom:4px;text-align:center;font-size:18pt;"><font style="font-family:inherit;font-size:18pt;font-weight:bold;">UNITED STATES</font></div><div style="line-height:120%;padding-bottom:4px;text-align:center;font-size:18pt;"><font style="font-family:inherit;font-size:18pt;font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION</font></div><div style="line-height:120%;padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">WASHINGTON, D.C. 20549</font></div><div style="line-height:120%;padding-bottom:4px;text-align:center;font-size:18pt;"><font style="font-family:inherit;font-size:18pt;font-weight:bold;">FORM 8-K</font></div><div style="line-height:120%;padding-bottom:4px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</font></div><div style="line-height:120%;padding-bottom:4px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Date of Report (Date of earliest event reported): October 24, 2013</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;"><img src="proslogo.jpg" style="height:53px;width:181px;"></div><div style="line-height:120%;text-align:center;font-size:18pt;"><font style="font-family:inherit;font-size:18pt;font-weight:bold;">PROS Holdings, Inc.</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Exact Name of Registrant as Specified in Charter)</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="5"></td></tr><tr><td width="32%"></td><td width="2%"></td><td width="32%"></td><td width="2%"></td><td width="32%"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:1px;"><div style="text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Delaware</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:1px;"><div style="text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">333-141884</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:1px;"><div style="text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">76-0168604</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:1px;"><div style="text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(State of incorporation or organization)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:1px;"><div style="text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Commission File  <br>Number)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:1px;"><div style="text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(I.R.S. Employer Identification No.)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="3" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:1px;"><div style="text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">3100 Main Street, Suite&#160;900</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="3" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:1px;"><div style="text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Houston, TX, 77002</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:1px;"><div style="text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(713) 335-5151</font></div></td></tr><tr><td colspan="3" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:1px;"><div style="text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Address of principal executive offices)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:1px;"><div style="text-align:center;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Registrant&#8217;s Telephone Number)</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Check the appropriate box below if the Form&#160;8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Wingdings;font-size:10pt;">o</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;Written communications pursuant to Rule&#160;425 under the Securities Act (17CFR230.425)</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Wingdings;font-size:10pt;">o</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;Soliciting material pursuant to Rule&#160;14a-12 under the Exchange Act (17CFR240.14a-12)</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Wingdings;font-size:10pt;">o</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;Pre-commencement communications pursuant to Rule&#160;14d-2(b)&#160;under the Exchange Act (17CFR240.14d-2(b))</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Wingdings;font-size:10pt;">o</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;Pre-commencement communications pursuant to Rule&#160;13e-4(c)&#160;under the Exchange Act (17CFR240.13e-4(c))</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:96px;text-indent:-96px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:96px;text-indent:-96px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:96px;text-indent:-96px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:96px;text-indent:-96px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><br><div><div style="line-height:100%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div></div><hr style="page-break-after:always"><a name="sDAA804F35C1097E51A49E7C3F9C16709"></a><div></div><br><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Item 1.01</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Entry into a Material Definitive Agreement</font></div></td></tr></table><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;">On October 24, 2013, PROS Holdings, Inc. (Company) entered into a Tender Offer Agreement (TOA) indicating its intent to acquire, through the launch of an all-cash tender offer (Offer), all of the issued and outstanding shares and warrants of Cameleon Software S.A. (Cameleon), a French company listed on the NYSE Euronext exchange.</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The purchase price for Cameleon freely tradeable shares is EUR 2.05 per share, and for Cameleon warrants is EUR 1.33 per share, each of which is eligible for a premium of EUR 0.15 per share if (a) they are tendered in the Offer and (b) the Company acquires more than 95% of the voting rights (excluding non-transferable free shares) of Cameleon on a fully diluted basis on or before December 31, 2014.  The aggregate transaction value of the Offer (net of cash expected to be acquired) is approximately EUR 24,000,000 (US$33,000,000).  Under the terms of the TOA: </font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:11pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;">the tender offer (</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">offre publique d&#8217;achat</font><font style="font-family:inherit;font-size:10pt;">) will be filed by the Company with the </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Autorit&#233; des March&#233;s Financiers</font><font style="font-family:inherit;font-size:10pt;">&#32;(AMF) no later than October 31, 2013, and the Company has agreed to pay Cameleon a fee if such filing is not properly and timely made;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:11pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;">the opening of the Offer is subject to clearance by the AMF;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:11pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;">the completion and settlement of the Offer is subject to shares representing at least 65% of Cameleon&#8217;s freely tradeable shares and warrants (including the shares required to be tendered in the Offer pursuant to agreements with shareholders representing approximately 26% of Cameleon&#8217;s share capital) to tender their shares in the Offer or any re-opening of the Offer (Condition);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:11pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;">the completion and settlement of the Offer will be effective upon publication of the result notice (</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">avis de r&#233;sultat</font><font style="font-family:inherit;font-size:10pt;">) of the Offer by the AMF indicating that the Condition has been met (Closing Date);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:11pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;">Cameleon has agreed to (a) operate its business in the ordinary course and in accordance with past practices, as well as (b) refrain from taking certain actions without the Company&#8217;s consent, until the Closing Date; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:11pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;">Cameleon has agreed not to directly or indirectly solicit, initiate or otherwise cooperate in any way with any takeover proposal or any inquiries reasonably likely to result in the making of any takeover proposal, provided, that Cameleon may (a) negotiate with and provide information to any third party that files a competing offer with the AMF prior to settlement of the Offer, and (b) approve and recommend to Cameleon shareholders a competing offer that is determined by the AMF to be superior to the Offer, subject to paying the Company a break-up fee.</font></div></td></tr></table><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In conjunction with the Offer, the Company has granted to the holders of non-transferable free shares of Cameleon a put option (for a period of three months commencing on June 22, 2015) to sell such shares to the Company at a price consistent with the Offer.  Such holders have also granted the Company a call option (for a period which commences following the put option and expires on October 24, 2018) at the same price as the put option.</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The TOA has been included to provide Cameleon investors and security holders with information regarding its terms. It is not intended to provide any other factual information about Cameleon. The undertakings contained in the TOA were made only for purposes of such agreement and as of the specific dates therein, were solely for the benefit of the parties to such agreement and may be subject to limitations agreed upon by the contracting parties, including being qualified by confidential disclosures exchanged between the parties in connection with the execution of the TOA. The undertakings may have been made for the purposes of allocating contractual risk between the parties to the agreement instead of establishing those matters as facts, and may be subject to standards of materiality applicable to the contracting parties that differ from those applicable to investors. The Company can give no assurances as to the required AMF clearance being obtained in a timely manner, or at all.  Investors are not third party beneficiaries under the TOA and should not rely on the undertakings or any descriptions thereof as characterizations of the actual state of facts or condition of the Company or Cameleon or any of their respective affiliates. Moreover, information concerning the subject matter of the undertakings may change after the date of the TOA, which subsequent information may or may not be fully reflected in the Company's and Cameleon&#8217;s public disclosures.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The foregoing description of the TOA does not purport to be complete and is qualified in its entirety by reference to the TOA, which is filed as Exhibit&#160;10.1, and is incorporated into this report by reference.</font></div><br><div><div style="line-height:100%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div></div><hr style="page-break-after:always"><a name="sDAA804F35C1097E51A49E7C3F9C16709"></a><div></div><br><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Item 2.03</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant</font></div></td></tr></table><div style="line-height:120%;padding-bottom:8px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The information provided in Item 1.01 of this report is hereby incorporated into this Item 2.03 by reference.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Item 7.01  &#160;&#160;&#160;&#160;Regulation FD Disclosure.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On October 24, 2013, the Company and Cameleon issued a joint press release announcing the entering into of the TOA. This press release is attached as Exhibit&#160;99.1 hereto. </font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Item 9.01&#160;&#160;&#160;&#160;Financial Statements and Exhibits</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Exhibits</font><font style="font-family:inherit;font-size:10pt;">.</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">10.1 </font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Tender Offer Agreement, dated October 24, 2013, by and between the Company and Cameleon Software SA </font></div></td></tr></table><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">99.1 &#160;&#160;&#160;&#160;Press Release, dated October 24, 2013, issued jointly by the Company and Cameleon Software SA*</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">*</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In accordance with general instruction&#160;B.2 to Form&#160;8-K, the information in this Form&#160;8-K under Item&#160;7.01 (Regulation&#160;FD Disclosure) shall be deemed "furnished" and not "filed" with the SEC for purposes of Section&#160;18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. </font></div></td></tr></table><div style="line-height:120%;padding-bottom:8px;text-align:left;padding-left:48px;text-indent:-48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Safe Harbor and Forward Looking Statements </font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain items in this report may constitute forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The Company can give no assurance that expectations will be attained. Important factors that could cause actual results to differ materially from those presently expected include: the uncertainty of the acceptance of the Offer and regulatory approvals; the parties' ability to consummate the transaction; factors and risks previously and from time to time detailed in the Company&#8217;s filings with the Securities and Exchange Commission. Such forward-looking statements speak only as of the date of this report. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company&#8217;s expectations with regard thereto or change in events, conditions, or circumstances on which any such statement is based. </font></div><br><div><div style="line-height:100%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div></div><hr style="page-break-after:always"><a name="sDAA804F35C1097E51A49E7C3F9C16709"></a><div></div><br><div style="line-height:138%;padding-bottom:13px;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SIGNATURES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td width="47%"></td><td width="3%"></td><td width="50%"></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:1px;"><div style="text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PROS HOLDINGS, INC.</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:1px;"><div style="text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Date: October 24, 2013</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:1px;"><div style="text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">/s/ Damian Olthoff</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:1px;"><div style="text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Damian Olthoff <br>General Counsel and Secretary</font></div></td></tr></table></div></div><div style="line-height:138%;padding-bottom:13px;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><br><div><div style="line-height:100%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div></div>	</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>tenderofferagreement.htm
<DESCRIPTION>TENDER OFFER AGREEMENT
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
		<!-- Document created using WebFilings 1 -->
		<!-- Copyright 2008-2013 WebFilings LLC. All Rights Reserved -->
		<title>Tender Offer Agreement</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<a name="s7bcb77b0d39e48178ba0d98fb075a347"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Exhibit 10.1</font></div><div style="line-height:120%;text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><div style="line-height:120%;padding-top:184px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">TENDER OFFER AGREEMENT</font></div><div style="line-height:120%;padding-top:32px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">BY AND BETWEEN</font></div><div style="line-height:120%;padding-top:32px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">PROS HOLDINGS, Inc. </font></div><div style="line-height:120%;padding-top:32px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">AND</font></div><div style="line-height:120%;padding-top:32px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">CAMELEON SOFTWARE</font></div><div style="line-height:120%;padding-top:32px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">DATED AS OF OCTOBER 24 2013</font></div><div style="line-height:120%;padding-top:32px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><a name="s7bcb77b0d39e48178ba0d98fb075a347"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Table of Contents</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;"><br></font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">1.</font><font style="font-family:Arial;font-size:10.5pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">DEFINITIONS</font><font style="font-family:Arial;font-size:10.5pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">2</font></div><div style="line-height:120%;text-align:left;padding-left:16px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">1.1&#160;&#160;&#160;&#160;Certain Defined Terms&#160;&#160;&#160;&#160;2</font></div><div style="line-height:120%;text-align:left;padding-left:16px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">1.2&#160;&#160;&#160;&#160;Construction&#160;&#160;&#160;&#160;6</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">2.</font><font style="font-family:Arial;font-size:10.5pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">THE OFFER</font><font style="font-family:Arial;font-size:10.5pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">6</font></div><div style="line-height:120%;text-align:left;padding-left:16px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">2.1&#160;&#160;&#160;&#160;Filing of the Offer&#160;&#160;&#160;&#160;6</font></div><div style="line-height:120%;text-align:left;padding-left:16px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">2.2&#160;&#160;&#160;&#160;Offer Conditions&#160;&#160;&#160;&#160;6</font></div><div style="line-height:120%;text-align:left;padding-left:16px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">2.3&#160;&#160;&#160;&#160;Withdrawal of Offer&#160;&#160;&#160;&#160;6</font></div><div style="line-height:120%;text-align:left;padding-left:16px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">2.4&#160;&#160;&#160;&#160;Cooperation Between the Parties&#160;&#160;&#160;&#160;6</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">3.</font><font style="font-family:Arial;font-size:10.5pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">CERTAIN ADDITIONAL REPRESENTATIONS AND COVENANTS</font><font style="font-family:Arial;font-size:10.5pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">7</font></div><div style="line-height:120%;text-align:left;padding-left:16px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">3.1&#160;&#160;&#160;&#160;Breach - Litigation - Insurance&#160;&#160;&#160;&#160;7</font></div><div style="line-height:120%;text-align:left;padding-left:16px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">3.2&#160;&#160;&#160;&#160;Management of Company until Settlement of the Offer&#160;&#160;&#160;&#160;8</font></div><div style="line-height:120%;text-align:left;padding-left:16px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">3.3&#160;&#160;&#160;&#160;Change of Control&#160;&#160;&#160;&#160;8</font></div><div style="line-height:120%;text-align:left;padding-left:16px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">3.4&#160;&#160;&#160;&#160;Non Solicitation&#160;&#160;&#160;&#160;8</font></div><div style="line-height:120%;text-align:left;padding-left:16px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">3.5&#160;&#160;&#160;&#160;Other Negative Undertakings&#160;&#160;&#160;&#160;9</font></div><div style="line-height:120%;text-align:left;padding-left:16px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">3.6&#160;&#160;&#160;&#160;Representations and Warranties of Company&#160;&#160;&#160;&#160;11</font></div><div style="line-height:120%;text-align:left;padding-left:16px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">3.7&#160;&#160;&#160;&#160;Representations and Warranties of Offeror&#160;&#160;&#160;&#160;14</font></div><div style="line-height:120%;text-align:left;padding-left:16px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">3.8&#160;&#160;&#160;&#160;Governance Upon Completion of the Offer&#160;&#160;&#160;&#160;15</font></div><div style="line-height:120%;text-align:left;padding-left:16px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">3.9&#160;&#160;&#160;&#160;Break-Up Fee&#160;&#160;&#160;&#160;15</font></div><div style="line-height:120%;text-align:left;padding-left:16px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">3.10&#160;&#160;&#160;&#160;Information&#160;&#160;&#160;&#160;16</font></div><div style="line-height:120%;text-align:left;padding-left:16px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">3.11&#160;&#160;&#160;&#160;Management Incentive Program&#160;&#160;&#160;&#160;16</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">4.</font><font style="font-family:Arial;font-size:10.5pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">TERMINATION</font><font style="font-family:Arial;font-size:10.5pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">16</font></div><div style="line-height:120%;text-align:left;padding-left:16px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">4.1&#160;&#160;&#160;&#160;Automatic Termination&#160;&#160;&#160;&#160;16</font></div><div style="line-height:120%;text-align:left;padding-left:16px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">4.2&#160;&#160;&#160;&#160;Termination at Option of Offeror or Company&#160;&#160;&#160;&#160;16</font></div><div style="line-height:120%;text-align:left;padding-left:16px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">4.3&#160;&#160;&#160;&#160;Effect of Termination&#160;&#160;&#160;&#160;17</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">5.</font><font style="font-family:Arial;font-size:10.5pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">COMMUNICATION</font><font style="font-family:Arial;font-size:10.5pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">17</font></div><div style="line-height:120%;text-align:left;padding-left:16px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">5.1&#160;&#160;&#160;&#160;Joint Analyst and Media Presentation - Road Shows&#160;&#160;&#160;&#160;17</font></div><div style="line-height:120%;text-align:left;padding-left:16px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">5.2&#160;&#160;&#160;&#160;Other Communications&#160;&#160;&#160;&#160;17</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">6.</font><font style="font-family:Arial;font-size:10.5pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">NOTICES</font><font style="font-family:Arial;font-size:10.5pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">17</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">7.</font><font style="font-family:Arial;font-size:10.5pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">MISCELLANEOUS</font><font style="font-family:Arial;font-size:10.5pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">18</font></div><div style="line-height:120%;text-align:left;padding-left:16px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">7.1&#160;&#160;&#160;&#160;Variation; Amendment&#160;&#160;&#160;&#160;18</font></div><div style="line-height:120%;text-align:left;padding-left:16px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">7.2&#160;&#160;&#160;&#160;Fees and Expenses&#160;&#160;&#160;&#160;18</font></div><div style="line-height:120%;text-align:left;padding-left:16px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">7.3&#160;&#160;&#160;&#160;Entire Agreement; No Third Party Beneficiaries.&#160;&#160;&#160;&#160;18</font></div><div style="line-height:120%;text-align:left;padding-left:16px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">7.4&#160;&#160;&#160;&#160;Severability&#160;&#160;&#160;&#160;19</font></div><div style="line-height:120%;text-align:left;padding-left:16px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">7.5&#160;&#160;&#160;&#160;Specific Performance&#160;&#160;&#160;&#160;19</font></div><div style="line-height:120%;text-align:left;padding-left:16px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">7.6&#160;&#160;&#160;&#160;Governing law and Jurisdiction&#160;&#160;&#160;&#160;19</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><a name="s7bcb77b0d39e48178ba0d98fb075a347"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">This Tender Offer Agreement (this &#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Agreement</font><font style="font-family:Arial;font-size:10.5pt;">&#8221;) is entered into as of October 24, 2013, by and between PROS HOLDINGS, Inc., a corporation organized and existing under the laws of Delaware, represented by Mr. Andres Reiner, duly empowered for the purpose hereof (&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Offeror</font><font style="font-family:Arial;font-size:10.5pt;">&#8221;) and Cameleon Software, a</font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">&#32;soci&#233;t&#233; anonyme</font><font style="font-family:Arial;font-size:10.5pt;">&#32;organized and existing under the laws of France, represented by Mr. Jacques Soumeillan, duly empowered for the purpose hereof (&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Company</font><font style="font-family:Arial;font-size:10.5pt;">&#8221;). Offeror and Company are each sometimes referred to individually as a &#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Party</font><font style="font-family:Arial;font-size:10.5pt;">&#8221; and collectively as the &#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Parties</font><font style="font-family:Arial;font-size:10.5pt;">&#8221;.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:center;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">RECITALS</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;">(A)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">WHEREAS</font><font style="font-family:Arial;font-size:10.5pt;">, Offeror is willing to acquire for cash all the outstanding ordinary shares of Company, by way of a recommended tender offer for Company&#8217;s shares, subject to and in accordance with the terms and conditions set forth in this Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;">(B)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">WHEREAS</font><font style="font-family:Arial;font-size:10.5pt;">, on June 28, 2013, the Offeror has appointed Bryan Garnier &amp; Co as presenting bank (</font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">&#233;tablissement pr&#233;sentateur</font><font style="font-family:Arial;font-size:10.5pt;">) in order to file with the AMF, on behalf of Offeror, a voluntary cash public offer for all of the Company Shares, at a price per share equal to the Offer Price (the &#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Offer</font><font style="font-family:Arial;font-size:10.5pt;">&#8221;);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;">(C)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">WHEREAS</font><font style="font-family:Arial;font-size:10.5pt;">, on September 30, 2013, the Chief Executive Officer (</font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">president directeur g&#233;n&#233;ral</font><font style="font-family:Arial;font-size:10.5pt;">) of the Company appointed the Independent Expert to produce the Expert&#8217;s Report;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;">(D)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">WHEREAS</font><font style="font-family:Arial;font-size:10.5pt;">, on October 24, 2013, the Company received the final version of the Expert&#8217;s Report, including an opinion that the Offer is fair to the Company&#8217;s shareholders from a financial point of view (a &#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Fairness Opinion</font><font style="font-family:Arial;font-size:10.5pt;">&#8221;);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;">(E)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">WHEREAS</font><font style="font-family:Arial;font-size:10.5pt;">, on October 24, 2013, the Company Board (a) has confirmed the appointment of the Independent Expert; (b) has delivered an unqualified opinion that the acquisition of Company by Offeror is in the best interests of Company, its employees and shareholders; (c) has recommended its shareholders to tender their Company Shares to the Offer; and (d) has authorized the Chief Executive Officer (</font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">president directeur g&#233;n&#233;ral</font><font style="font-family:Arial;font-size:10.5pt;">) of the Company to enter into this Agreement (the &#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Board Recommendation</font><font style="font-family:Arial;font-size:10.5pt;">&#8221;);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;">(F)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">WHEREAS</font><font style="font-family:Arial;font-size:10.5pt;">, on the date hereof, Offeror has entered into undertaking agreements with Mr.&#160;Jacques Soumeillan, Mrs. Fran&#231;oise Asparre, Mr. Thibault de Drouin de Bouville, and Mrs. Sylvie Roug&#233; to acquire 943,230 Company shares held by such shareholders subject to and in accordance with terms and conditions set forth in such undertaking agreements (the &#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Undertaking Agreements</font><font style="font-family:Arial;font-size:10.5pt;">&#8221;). A copy of the drafts of such Undertaking Agreements was made available to the Company&#8217;s board of directors (the &#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Company Board</font><font style="font-family:Arial;font-size:10.5pt;">&#8221;);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;">(G)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">WHEREAS</font><font style="font-family:Arial;font-size:10.5pt;">, The Offeror and its advisers have been allowed access from July 24, 2013 to October 17, 2013 to an on-line, password protected, electronic data room accessible through the web-site of Merrill Data Site (the &#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Data Room</font><font style="font-family:Arial;font-size:10.5pt;">&#8221;). In addition, the Offeror and its advisers have been given the opportunity to make queries to the Company and to interact with the management of the Company.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;">(H)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">NOW, THEREFORE</font><font style="font-family:Arial;font-size:10.5pt;">, in consideration of the foregoing and the mutual representations, warranties, covenants and agreements set forth herein, intending to be legally bound hereby, the Parties agree as follows:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;">1.</font></div></td><td style="vertical-align:top;padding-left:24px;"><div style="line-height:120%;text-align:left;font-size:10.5pt;text-indent:-24px;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">DEFINITIONS</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">1.1&#160;&#160;&#160;&#160;Certain Defined Terms</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Unless otherwise expressly provided in this Agreement, capitalized terms used in this Agreement shall have the following meanings: </font></div><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><a name="s7bcb77b0d39e48178ba0d98fb075a347"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Affiliate</font><font style="font-family:Arial;font-size:10.5pt;">&#8221; shall mean, with reference to a specified Person, a Person that, directly or indirectly, controls, is controlled by, or is under common control with, the specified Person.  The term &#8220;control&#8221; as used in this definition (including its correlative meanings &#8220;controlled by&#8221; and &#8220;under common control with&#8221;) shall have the meaning ascribed thereto in Article L. 233-3 of the French Commercial Code;</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Agreement</font><font style="font-family:Arial;font-size:10.5pt;">&#8221; shall have the meaning set forth in the first paragraph of this Agreement;</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">AMF</font><font style="font-family:Arial;font-size:10.5pt;">&#8221; shall mean the </font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">Autorit&#233; des march&#233;s financiers</font><font style="font-family:Arial;font-size:10.5pt;">;</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">AMF Regulation</font><font style="font-family:Arial;font-size:10.5pt;">&#8221; shall mean the </font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">R&#232;glement G&#233;n&#233;ral de l&#8217;Autorit&#233; des march&#233;s financiers</font><font style="font-family:Arial;font-size:10.5pt;">;</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Announcement Date</font><font style="font-family:Arial;font-size:10.5pt;">&#8221; shall have the meaning set forth in Section 2.1;</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Applicable Law</font><font style="font-family:Arial;font-size:10.5pt;">&#8221; shall mean all foreign, federal, state, local, municipal or other laws, ordinances, regulations, rules and other provisions having the force or effect of law, applicable to the Company, to its Subsidiaries or to its business;</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Audited Financial Statements</font><font style="font-family:Arial;font-size:10.5pt;">&#8221; shall have the meaning set forth in Section 3.6;</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Board Recommendation</font><font style="font-family:Arial;font-size:10.5pt;">&#8221; has the meaning set forth in Recital (E);</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">&#8220;BSARs&#8221;</font><font style="font-family:Arial;font-size:10.5pt;">&#32;shall mean of all warrants (&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">bons de souscription d&#8217;actions remboursables</font><font style="font-family:Arial;font-size:10.5pt;">&#8221;) to subscribe for Company Shares. </font></div><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Business Day</font><font style="font-family:Arial;font-size:10.5pt;">&#8221; shall mean a day other than a Saturday, a Sunday or a day that is not a trading day (</font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">jour de n&#233;gociation</font><font style="font-family:Arial;font-size:10.5pt;">) on the Euronext Paris stock exchange;</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Benefit Plan</font><font style="font-family:Arial;font-size:10.5pt;">&#8221; shall mean all employee benefit plans of the Company and its Subsidiaries;</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Company</font><font style="font-family:Arial;font-size:10.5pt;">&#8221; shall have the meaning set forth in the first paragraph of this Agreement;</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Company Board</font><font style="font-family:Arial;font-size:10.5pt;">&#8221; shall have the meaning set forth in Recital (F);</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Company Shares</font><font style="font-family:Arial;font-size:10.5pt;">&#8221; shall mean (i) all outstanding ordinary shares issued by the Company, including the Treasury Shares existing at the date hereof, but excluding any Free Shares, (ii) any additional Company ordinary shares issued before the settlement of the Shares tendered into the initial Offer period, as a result of the exercise of Stock Options or of the BSARs, and (iii) any additional Company ordinary shares which are issued as a result of the vesting (</font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">acquisition</font><font style="font-family:Arial;font-size:10.5pt;">) of restricted stock units (</font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">actions gratuites</font><font style="font-family:Arial;font-size:10.5pt;">, within the meaning of Article L. 225-197 of the French Commercial Code), for which the mandatory lock-up period (</font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">p&#233;riode de conservation</font><font style="font-family:Arial;font-size:10.5pt;">) expires before the settlement of the shares tendered into the initial Offer period;</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Confidentiality Agreement</font><font style="font-family:Arial;font-size:10.5pt;">&#8221; shall mean the confidentiality agreement dated April 16, 2013 between the Company and PROS Holdings, Inc.;</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Data Room</font><font style="font-family:Arial;font-size:10.5pt;">&#8221; shall have the meaning set forth in Recital (G);</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Dispute</font><font style="font-family:Arial;font-size:10.5pt;">&#8221; shall have the meaning set forth in Section 7.6(ii) hereof;</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Encumbrances</font><font style="font-family:Arial;font-size:10.5pt;">&#8221; shall mean, in respect of any assets, any liens, charge, mortgage, deed of trust, security interest, title retention device, sureties, escrow arrangements, pre-emptive rights, options, conditional sale or other security arrangement, collateral assignment, claim, adverse claim of title, ownership or right to use, restriction or other encumbrance of any kind in respect of such asset, restrictions of any nature whatsoever on their free transferability or claims of any nature whatsoever (including, but not limited to, any restriction on (a) the voting </font></div><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><a name="s7bcb77b0d39e48178ba0d98fb075a347"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">of any security, any restriction on the transfer of any security or other asset, (b) the receipt of any income derived from any asset, (c) the use of any asset, and (d) the possession, exercise or transfer of any other attribute of ownership of any asset).</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Expert&#8217;s Report</font><font style="font-family:Arial;font-size:10.5pt;">&#8221; shall have the meaning set forth in Recital (C);</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Fairness Opinion</font><font style="font-family:Arial;font-size:10.5pt;">&#8221; shall have the meaning set forth in Recital (D);</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Free Shares</font><font style="font-family:Arial;font-size:10.5pt;">&#8221; shall mean the outstanding restricted stock units (</font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">actions gratuites</font><font style="font-family:Arial;font-size:10.5pt;">, within the meaning of Article L. 225-197 of the French Commercial Code) granted by the Company, including any restricted stock units which have not yet been settled into shares (</font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">en p&#233;riode d&#8217;acquisition</font><font style="font-family:Arial;font-size:10.5pt;">) and any restricted stock units which have been settled into shares (</font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">acquisition</font><font style="font-family:Arial;font-size:10.5pt;">) but are subject to a mandatory lock-up period (</font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">p&#233;riode de conservation</font><font style="font-family:Arial;font-size:10.5pt;">) pursuant to Article L.225-197 of the French Commercial Code;</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Independent Expert</font><font style="font-family:Arial;font-size:10.5pt;">&#8221; shall have the meaning set forth in Recital (D);</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Material Adverse Effect</font><font style="font-family:Arial;font-size:10.5pt;">&#8221; shall mean any effect or change that considered together with all other effects, causes or could reasonably be expected to have a material adverse effect on: (a) the business, condition (financial or otherwise), assets, liabilities or results of operations of the Company and its Subsidiaries, taken as a whole; (b) the ability of the Company to consummate any of the transactions contemplated herein or to perform any of its obligations under this Agreement; or (c) cause a decrease in excess of five (5%) of the Company's assets or of the Company's revenues for the last twelve months, but excluding any change or effect arising from or relating to (a) national or international political or social conditions, whether or not pursuant to the declaration of a national emergency or war, or the occurrence of any military or terrorist attack upon France, (b) general financial, banking, or securities markets (including any suspension of trading in, or limitation on prices for, securities on a securities exchange for a period in excess of three hours), (c) the taking of any action contemplated by this Agreement and the other agreements contemplated hereby, and (d) changes resulting from the public announcement of the execution of this Agreement or the consummation of the transactions contemplated hereby.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">&#8220;Material Contracts&#8221;</font><font style="font-family:Arial;font-size:10.5pt;">&#32;means any contract to which the Company or any of its Subsidiaries is a party as of the date of this Agreement and (a) which is an agreement, other than a maintenance or SaaS agreement, entered into after 1</font><font style="font-family:Arial;font-size:10.5pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">st</sup></font><font style="font-family:Arial;font-size:10.5pt;">&#32;January 2008 representing a revenue for an individual amount greater than &#8364;&#160;200,000 (Two Hundred Thousand Euros); (b) which is a maintenance or SaaS agreement entered into after 1</font><font style="font-family:Arial;font-size:10.5pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">st</sup></font><font style="font-family:Arial;font-size:10.5pt;">&#32;January 2008 representing an annual revenue for an individual amount greater than &#8364;&#160;200,000 (Two Hundred Thousand Euros); (c) which represents an expense for the Company or its Subsidiaries for an individual amount greater than &#8364;&#160;200,000; (d) which was entered into with one of the officers or directors of the Company or any of its Subsidiaries; (e) in which the Company or its Subsidiaries has guaranteed or otherwise agreed to be responsible for any indebtedness of any other Person; (f) which provides for an exclusivity or a non-competition undertaking on behalf of the Company or its Subsidiaries; or (g) which involves a dispute which is not resolved with a claim against the Company of more than &#8364;25,000; it being specified that Material Contracts defined in (a) and (b) above are together defined as the &#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Customer Material Contracts</font><font style="font-family:Arial;font-size:10.5pt;">&#8221; and that Material Contracts defined in (c), (d), (e), (f) and (g) above are together defined as the &#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Other Material Contracts</font><font style="font-family:Arial;font-size:10.5pt;">&#8221;;</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Offer</font><font style="font-family:Arial;font-size:10.5pt;">&#8221; shall have the meaning set forth in the Recital (B);</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Offer Price</font><font style="font-family:Arial;font-size:10.5pt;">&#8221; shall mean &#8364; 2.05 per Company share and &#8364; 1.33 per BSAR, to which will be added a premium amounting to &#8364; 0.15 per each Company share and BSAR tendered to the Offer, should Offeror cross upwards, at the latest on December 31, 2014, the 95% threshold of the voting rights of the Company on a fully diluted basis (but excluding the Free Shares </font></div><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><a name="s7bcb77b0d39e48178ba0d98fb075a347"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">which will not be taken into account for the purpose of calculating such threshold), it being specified that Treasury Shares will be deemed to be shares held by the Offeror for the purpose of calculating this threshold;</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Order</font><font style="font-family:Arial;font-size:10.5pt;">&#8221; shall mean any judgment, injunction, order, award, ruling, writ, decree or other restriction of any court or arbitrator or governmental authority having competent jurisdiction;</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Party</font><font style="font-family:Arial;font-size:10.5pt;">&#8221; shall have the meaning set forth in the first paragraph of this Agreement;</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Person</font><font style="font-family:Arial;font-size:10.5pt;">&#8221; shall mean an individual, a corporation, a partnership, a limited liability company or partnership, a trust, an unincorporated organization, a government or any department or agency thereof, or any other juridical entity.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Offeror</font><font style="font-family:Arial;font-size:10.5pt;">&#8221; shall have the meaning set forth in the first paragraph of this Agreement;</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Representatives</font><font style="font-family:Arial;font-size:10.5pt;">&#8221; of a Party shall mean such Party&#8217;s Affiliates and the agents, directors, officers, advisors (including, without limitation, financial, legal and accounting advisors) and representatives of such Party and its Affiliates; </font></div><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Response Period</font><font style="font-family:Arial;font-size:10.5pt;">&#8221; shall mean, in case of a Competing Offer, a period of five (5) Business Days from the date on which a press release is published with respect to the Competing Offer in accordance with Article 231-16 III of the AMF Regulation;</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Rules</font><font style="font-family:Arial;font-size:10.5pt;">&#8221; shall have the meaning set forth in Section 7.6(ii) hereof;</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Undertaking Agreements</font><font style="font-family:Arial;font-size:10.5pt;">&#8221; shall have the meaning set forth in Recital (B);</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">SaaS</font><font style="font-family:Arial;font-size:10.5pt;">&#8221; shall mean Software as a Service;</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Subsidiaries</font><font style="font-family:Arial;font-size:10.5pt;">&#8221; shall have the meaning is Section 3.6 hereof;</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Superior Proposal</font><font style="font-family:Arial;font-size:10.5pt;">&#8221; shall mean a Takeover Proposal that is a tender offer (</font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">offre publique d&#8217;acquisition</font><font style="font-family:Arial;font-size:10.5pt;">) to acquire 100% of the Company Shares, which is filed with the AMF after the filing of the Offer by Offeror by a Person other than an Affiliate of Offeror in accordance with Article 231-13 of the AMF Regulation and declared conform by the AMF, in accordance with article 232-7 of the AMF Regulation;</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Stock Options</font><font style="font-family:Arial;font-size:10.5pt;">&#8221; shall mean of all stock options and all options to purchase or subscribe for Company Shares granted to employees, directors or other officers of the Company and its Affiliates;</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Takeover Proposal</font><font style="font-family:Arial;font-size:10.5pt;">&#8221; shall mean any inquiry, proposal or offer from any person (other than Offeror) relating to, or that could reasonably be expected to lead to, any direct or indirect acquisition, in one transaction or a series of transactions, including, any merger, consolidation, tender offer, exchange offer, stock acquisition, asset acquisition, binding share exchange, business combination, recapitalization, liquidation, dissolution, joint venture or similar transaction, of (A) assets or businesses that constitute or represent 10% or more of the total revenue, operating income, EBITDA or assets of the Company and its Affiliates, taken as a whole, for the fiscal year ended December 31, 2012, or (B) 5% or more of the outstanding Company Shares of any class of capital stock of, or other equity or voting interests in, the Company or any class of capital stock of, or other equity or voting interests in, any of the Company&#8217;s Affiliates directly or indirectly holding, individually or taken together, the assets or businesses referred to in clause (A) above, in each case other than the Offer;</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Treasury Shares</font><font style="font-family:Arial;font-size:10.5pt;">&#8221; shall mean ordinary shares of the Company held, from time to time, by the Company or any of its Affiliates.</font></div><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><a name="s7bcb77b0d39e48178ba0d98fb075a347"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">1.2&#160;&#160;&#160;&#160;Construction</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">For the purposes of this Agreement: (i) words (including capitalized terms defined herein) in the singular shall be held to include the plural and </font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">vice versa</font><font style="font-family:Arial;font-size:10.5pt;">&#32;as the context requires; (ii) the terms &#8220;hereof,&#8221; &#8220;herein,&#8221; and &#8220;herewith&#8221; and words of similar import shall, unless otherwise expressly stated, be construed to refer to this Agreement as a whole (including any Exhibit or Schedule hereto) and not to any particular provision of this Agreement, and Article, Section and Exhibit references are to the Articles, Sections and Exhibits to this Agreement unless otherwise expressly specified; (iii) the word &#8220;including&#8221; and words of similar import when used in this Agreement shall mean &#8220;including without limitation&#8221; unless otherwise expressly specified; (iv) the word &#8220;or&#8221; shall not be exclusive; (v) all references to any period of days shall be deemed to be to the relevant number of calendar days unless otherwise expressly specified; and (vi) the Recitals, Exhibits and Schedules to this Agreement form part of this Agreement and have the same force and effect as if set out in the body of this Agreement; any reference to this Agreement includes the Recitals, Exhibits and the Schedules to it.</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;">2.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">THE OFFER</font></div></td></tr></table><div style="line-height:120%;padding-left:0px;padding-bottom:16px;text-align:justify;"><font style="padding-bottom:16px;text-align:justify;font-family:Arial;font-size:10.5pt;padding-right:48px;">2.1</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Filing of the Offer</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">As soon as possible but in no event after 5 Business Days following the execution of this Agreement, (a) the Offeror shall file with the AMF a draft offer document (</font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">note d&#8217;information</font><font style="font-family:Arial;font-size:10.5pt;">) substantially in the form attached as </font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Exhibit 1 </font><font style="font-family:Arial;font-size:10.5pt;">and a regulatory press release (</font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">communiqu&#233;</font><font style="font-family:Arial;font-size:10.5pt;">) in the form set forth in </font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Exhibit 3 </font><font style="font-family:Arial;font-size:10.5pt;">(the &#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Announcement Date</font><font style="font-family:Arial;font-size:10.5pt;">&#8221;) (b) the Company shall file with the AMF a draft response document (</font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">note en r&#233;ponse</font><font style="font-family:Arial;font-size:10.5pt;">) substantially in the form attached as </font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Exhibit 2</font><font style="font-family:Arial;font-size:10.5pt;">&#32;and (d) no later than the Business Day preceding the opening of the Offer, each Party shall file with the AMF a document presenting their legal, financial and accounting characteristics (</font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">autres informations</font><font style="font-family:Arial;font-size:10.5pt;">) (such documents, together with the draft offer document, the draft response document and any supplements or amendments thereto, being the &#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Offer Documents</font><font style="font-family:Arial;font-size:10.5pt;">&#8221;). The Parties shall furnish to each other all information concerning them and their Affiliates that is required by applicable French laws or regulations to be included in the Offer Documents and in any correspondence between them and the AMF in respect of the Offer.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10pt;">The Parties shall prepare the Offer Documents in compliance with Applicable Laws and regulations; and prior to filing with the AMF any Offer Document or any amendment thereto, or responding to any material comments of the AMF to a Offer Document, the Parties shall consider in good faith any reasonable comments made by one Party to such Offer Doc</font><font style="font-family:Arial;font-size:10.5pt;">ument or response.</font></div></td></tr></table><div style="line-height:120%;padding-left:0px;padding-bottom:16px;text-align:justify;"><font style="padding-bottom:16px;text-align:justify;font-family:Arial;font-size:10.5pt;padding-right:48px;">2.2</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Offer Conditions</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">The opening of the Offer is subject to clearance by the AMF in accordance with the AMF Regulation.</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;">2.3</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Withdrawal of Offer</font></div></td></tr></table><div style="line-height:120%;padding-bottom:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Offeror shall have the right to withdraw the Offer in the circumstances set forth in Article 232-11 of the AMF Regulation.</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;">2.4</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Cooperation Between the Parties</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">The Parties undertake to cooperate for the purpose of completing the Offer and the acquisition of control of Company by Offeror described in this Agreement. The Parties have agreed, based on the circumstances existing at the date hereof, on an indicative timetable for the Offer which is set out in the </font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">Note d&#8217;Information</font><font style="font-family:Arial;font-size:10.5pt;">. In particular, Offeror </font></div></td></tr></table><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><a name="s7bcb77b0d39e48178ba0d98fb075a347"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;padding-left:96px;padding-bottom:16px;text-align:justify;"><font style="font-family:Arial;font-size:10.5pt;">and Company shall cooperate with each other to fulfill all applicable requirements of the AMF, NYSE-Euronext and United States Securities and Exchange Commission (&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">SEC</font><font style="font-family:Arial;font-size:10.5pt;">&#8221;), and to respond to comments from any of the foregoing, and to make such amendments and supplements to filings as may be required; </font><font style="font-family:Arial;font-size:10.5pt;text-decoration:underline;">provided that</font><font style="font-family:Arial;font-size:10.5pt;">&#32;Company shall not incur any costs or fees whatsoever with respect to its cooperation to fulfill applicable requirements of the SEC as the case may be.</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">For the purposes of completing the Offer, the Parties also undertake to cooperate and promptly inform each other with respect to issuing all notifications, making any requests and obtaining all necessary approvals and authorizations under all laws and regulations of any relevant jurisdictions and each of the Parties shall, provided that it does not have material adverse effect on such Party or any of such Party&#8217;s Affiliates: (i) use commercially reasonable efforts to obtain, as soon as practicable after the date of this Agreement, all necessary no-action letters, approvals and authorizations from governmental entities, including the European Commission, the relevant U.S. antitrust authorities and any other local antitrust authority; and (ii) take all reasonable steps as may be necessary to obtain an approval or waiver from, or to avoid an action or proceeding by, any governmental entity, in each case to the extent necessary or desirable to complete the Offer and the acquisition of control of Company by Offeror contemplated hereby.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Each Party shall promptly notify the other Party (i) if and to the extent it becomes aware that any information supplied by it or included in filings with the AMF in respect of the Offer shall have become false or misleading in any material respect and (ii) upon the receipt of any comments from the AMF or any request from the AMF for amendments or supplements to filings, in each case, in respect of the Offer.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">To the extent permitted by Applicable Laws and regulations, Company shall consult with Offeror with respect to any litigation or administrative proceeding against Company or any of its officers or directors in relation to this Agreement, the Offer, or Offeror&#8217;s acquisition of Company, including any litigation by a holder of Company Shares, Stock Options, BSARs or Free Shares; and Company shall not settle or offer to settle any such litigation without the prior written consent of Offeror (not to be unreasonably withheld or delayed).</font></div></td></tr></table><div style="line-height:120%;padding-left:0px;padding-bottom:16px;text-align:left;"><font style="padding-bottom:16px;text-align:left;font-family:Arial;font-size:10.5pt;font-weight:bold;padding-right:48px;">3.</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">CERTAIN ADDITIONAL REPRESENTATIONS AND COVENANTS</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">3.1&#160;&#160;&#160;&#160;Breach - Litigation - Insurance</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Company undertakes that during the period from the date hereof until the closing of the Offer or the closing of its re-opening period:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:120px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:96px;"><font style="font-family:Arial;font-size:10.5pt;">a)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">In the event of any breach of this Agreement, to promptly notify the Offeror by registered letter of such breach under no circumstances later than 2 (two) Business Days after obtaining knowledge of the said breach, giving reasonable particulars of the facts and specifying in reasonable detail the amount of estimated damages;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:120px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:96px;"><font style="font-family:Arial;font-size:10.5pt;">b)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">To maintain valid, in full force and effect on Company and its Subsidiaries, all the insurance policies; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:120px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:96px;"><font style="font-family:Arial;font-size:10.5pt;">c)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">To promptly notify the Offeror by registered letter of any shareholder&#8217;s litigation regarding the Offer, under no circumstances later than 2 (two) Business Days after obtaining knowledge of the shareholder&#8217;s litigation and giving the right to the Offeror to participate in such litigation.</font></div></td></tr></table><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><a name="s7bcb77b0d39e48178ba0d98fb075a347"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;padding-bottom:14px;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">3.2&#160;&#160;&#160;&#160;Management of Company until Settlement of the Offer </font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">The Company undertakes that, from the date hereof until the settlement of Company Shares tendered to the initial Offer period or the re-opening of the Offer, as the case may be, Company and its Affiliates shall conduct their business in the ordinary course and in accordance with past practices (except to the extent contemplated by this Agreement) and shall not, without prejudice to the generality of the foregoing: (a) make or agree to make any investments or divestments or enter into any other commitment or contract which would be in excess of the size ordinarily carried out by Company and its Affiliates and which may prevent the implementation of this Agreement or would reasonably be expected to delay the closing or the settlement of the Offer; or (b) declare, authorize, make or pay a dividend (in cash or in kind) or other distribution of a similar nature or any reduction of capital or purchase of Company Shares; or (c) make, agree to make or decide upon any change to the capital structure of the Company (other than any issuance of shares upon exercise, conversion or exchange of securities or BSARs, or Stock Options or Free Shares outstanding as of the date of this Agreement); or (d) pay, or agree to pay or provide any bonus, or other employee benefits or compensation (including any profit share, retirement benefits or severance package), other than year-end bonus payments in the ordinary course in an amount not exceeding &#8364;100,000 for any single employee, director or officer, and in an aggregate amount not exceeding &#8364;400,000 for all employees, directors or officers, or grant or agree to grant, or amend, or agree to amend the terms (including by accelerating the vesting) of any free shares (including the Free Shares) or any warrants (including the BSARs) or any stock options (including the Stock Options).</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">3.3&#160;&#160;&#160;&#160;Change of Control</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Company undertakes that, as soon as reasonably practicable:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">it shall use its commercially reasonable efforts to obtain, as promptly as practicable after the date hereof and in any event no later than the date on which the Offer is settled, consents by third parties under change of control clauses in the contracts entered into by Company and its Affiliates where it is necessary to avoid disruption or prejudice to the business of Company and its Affiliates as a result of the change of control of Company in connection with the Offer. The  Offeror undertakes to make all reasonable efforts to cooperate with the Company in this regard, if and when necessary, it being provided that such cooperation shall not constitute a waiver from the Offeror to the obligations of the Company set forth in this paragraph and that the Company commits to hold the Offeror harmless in case any liability arises in this regard;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">notwithstanding the foregoing, Company shall not, and shall cause its Representatives not to make or agree to make, or permit any of its Affiliates to make or agree to make, any payments, or forgiveness of debt or contractual commitments to any third party whose consent is required under change of control clauses in the contracts entered into by Company or its Affiliates, without Offeror&#8217;s prior approval.</font></div></td></tr></table><div style="line-height:120%;padding-bottom:14px;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">3.4&#160;&#160;&#160;&#160;Non Solicitation</font></div><div style="line-height:120%;padding-bottom:14px;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">During the term of this Agreement, Company shall, and shall cause its Representatives:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">not to, directly or indirectly, (a) solicit, initiate or encourage, or take any action to facilitate, any Takeover Proposal or any inquiries reasonably likely to result in the making of any Takeover Proposal, or (b) enter into, continue or otherwise participate in any discussions or negotiations with a third party regarding, or furnish to any third party any information, or take any other action to facilitate any inquiries with respect to, or otherwise cooperate in any way with, any Takeover Proposal;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">to immediately cease and cause to be terminated all discussions or negotiations with any person conducted heretofore with respect to any proposal that constitutes or </font></div></td></tr></table><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><a name="s7bcb77b0d39e48178ba0d98fb075a347"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;padding-left:96px;padding-bottom:14px;text-align:justify;"><font style="font-family:Arial;font-size:10.5pt;">would reasonably be expected to lead to a Takeover Proposal, and cause all materials and written information communicated by the Company or its advisors and agents to such person to be returned to the Company or destroyed;</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">to immediately notify Offeror of the receipt by the Company and/or its Representatives, from the date of execution hereof, of each and any Takeover Proposal or of any contact related to a potential Takeover Proposal including the full details thereof (and any subsequent amendment thereof) and the identity of the persons involved, promptly and in any event within two Business Days of such receipt or contact; provided that the Company shall have the right to notify the person making the Takeover Proposal of the provisions of Sections 3.4(i) and (ii) above;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">to keep Offeror informed of the status of any such Takeover Proposal or contact, and to promptly advise Offeror of any amendment to a Takeover Proposal; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">not to accept, approve, recommend or enter into any agreement, in respect of a Takeover Proposal (and shall not make nor allow any public communication about such Takeover Proposal);</font></div></td></tr></table><div style="line-height:120%;padding-bottom:14px;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;text-decoration:underline;">provided</font><font style="font-family:Arial;font-size:10.5pt;">, </font><font style="font-family:Arial;font-size:10.5pt;text-decoration:underline;">however</font><font style="font-family:Arial;font-size:10.5pt;">, that if a tender offer is filed with the AMF by a third party at any time following the date of this Agreement and prior to the settlement of the Offer (the &#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Competing Offer</font><font style="font-family:Arial;font-size:10.5pt;">&#8221;) (a) Company and its Representatives shall have the right to, after filing of such Competing Offer with the AMF, negotiate with and provide information to the person having filed the Competing Offer (provided that all information which is provided to the third party shall simultaneously be provided to Offeror); and (b) during the Response Period, Offeror shall have the right, but not the obligation, to offer to amend the terms of the Offer and in such case Company shall, and shall cause its advisors to, negotiate in good faith with Offeror to make such adjustments to the terms and conditions of the Offer as would enable Company to recommend and proceed with the Offer as amended, rather than the Competing Offer; if AMF determines that the Competing Offer is not a Superior Proposal, the Company Board will promptly reaffirm that the Offer is in the best interests of the Company, its employees and its shareholders by confirming its Board Recommendation; but if AMF determines that the Competing Offer is a Superior Proposal, Company may approve and recommend that holders of Company Shares accept the Superior Proposal, in which case, this Agreement shall terminate pursuant to Section 4.1, unless Offeror amends the terms of the Offer within appropriate regulatory timeline and that its revised Offer is determined by the AMF to be superior to the Superior Proposal (the &#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Revised Offer</font><font style="font-family:Arial;font-size:10.5pt;">&#8221;), in which case the Company Board shall promptly reaffirm that the Offer, as revised, is in the best interests of the Company, its employees and its shareholders and shall recommend that holders of Company Shares accept the Revised Offer instead of the Superior Proposal.</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;">2.1</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Other Negative Undertakings </font></div></td></tr></table><div style="line-height:120%;padding-bottom:14px;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Except as required by this Agreement, Applicable Laws or with the prior written consent of the Offeror (such consent not to be unreasonably withheld or delayed), from the date hereof until the settlement of the Company Shares tendered to the initial Offer period, Company shall not:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:60px;"><font style="font-family:Arial;font-size:10.5pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">be a party to any merger, contribution or spin off; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:60px;"><font style="font-family:Arial;font-size:10.5pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">make any change to its capital, or issue any transferable Company Shares, of any nature whatsoever, or any warrants (other than any issuance of shares upon exercise, conversion or exchange of securities or BSARs, or Stock Options outstanding as of the date of this Agreement);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:60px;"><font style="font-family:Arial;font-size:10.5pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">amend its articles of association (other than following issuance of shares upon exercise, conversion or exchange of securities or BSARs, or Stock Options outstanding as of the date of this Agreement);</font></div></td></tr></table><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><a name="s7bcb77b0d39e48178ba0d98fb075a347"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:60px;"><font style="font-family:Arial;font-size:10.5pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">directly or indirectly acquire in any transaction (a) any equity interest in or business of any firm, corporation, partnership, company, limited liability company, trust, joint venture, association or other entity or division thereof or (b) any material properties or assets;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:60px;"><font style="font-family:Arial;font-size:10.5pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">sell or convey any of its assets (excluding any Cameleon license agreement entered into the ordinary course of business) in an aggregate value in excess of &#8364;&#160;50,000 (Fifty Thousand Euros);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:60px;"><font style="font-family:Arial;font-size:10.5pt;">(vi)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">purchase any assets or services with a value in excess of &#8364;150,000 (One Hundred Fifty Thousand Euros);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:60px;"><font style="font-family:Arial;font-size:10.5pt;">(vii)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">create, or agree to create, an Encumbrance over any of the Company Shares;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:60px;"><font style="font-family:Arial;font-size:10.5pt;">(viii)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">materially amend, non-renew or terminate any Material Contract outside of ordinary course of business;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:60px;"><font style="font-family:Arial;font-size:10.5pt;">(ix)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">(A) hire any employee at the level of Vice President or above; (B) hire any employee with an annual base salary in excess of &#8364;80,000; or (C) promote any employee to a management level position except in order to fill a position vacated after the date of this Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:60px;"><font style="font-family:Arial;font-size:10.5pt;">(x)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">change any of its pricing policies, product return policies, product maintenance polices, service policies, product modification or upgrade policies, personnel policies or other business policies, or any of its methods of accounting or accounting practices in any respect;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:60px;"><font style="font-family:Arial;font-size:10.5pt;">(xi)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">make any declaration, set aside or make any distribution in respect of its share capital, any split, dividend, combination or recapitalization of its share capital or any direct or indirect redemption, purchase or other acquisition by it of its share capital;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:60px;"><font style="font-family:Arial;font-size:10.5pt;">(xii)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">make any material change in financial accounting methods, principles or practices, except insofar as may have been required by a change in French GAAP or IFRS after the date of this Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:60px;"><font style="font-family:Arial;font-size:10.5pt;">(xiii)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">make any payment or discharge of a lien or liability on any of its assets or properties, which lien or liability was neither (i) shown on the Audited Financial Statements (as defined below) or (ii) incurred in the ordinary course of business, consistent with past practice, after December 31, 2012;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:60px;"><font style="font-family:Arial;font-size:10.5pt;">(xiv)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">make any payment deferral on any accounts payable outside the ordinary course of business, or any discount, accommodation or other concession made outside the ordinary course of business in order to accelerate or induce the collection of any receivable;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:60px;"><font style="font-family:Arial;font-size:10.5pt;">(xv)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">make any material change in the manner in which the Company extends discounts, credits or warranties to customers or otherwise deals with its customers, other than made in the ordinary course of business and consistent with past practices;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:60px;"><font style="font-family:Arial;font-size:10.5pt;">(xvi)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">waive any material debt owed to the Company; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:60px;"><font style="font-family:Arial;font-size:10.5pt;">(xvii)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">directly or indirectly enter into any related party transaction with its officers or directors, or its shareholders; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:60px;"><font style="font-family:Arial;font-size:10.5pt;">(xviii)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">make any agreement or commitment to do any of the things described in (i)-(xvii) above.</font></div></td></tr></table><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><a name="s7bcb77b0d39e48178ba0d98fb075a347"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">3.6&#160;&#160;&#160;&#160;Representations and Warranties of Company</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Company represents and warrants to the Offeror that: </font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Company&#8217;s authorized signatory has the requisite capacity, power and authority to enter into this Agreement on behalf of Company, and this Agreement has been duly and properly approved by the Company Board in accordance with the Company&#8217;s articles of association;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">none of the execution, delivery or performance of this Agreement by Company, the consummation by Company of the transactions contemplated herein or compliance by Company with any of the provisions hereof will (i) conflict with or result in any breach of any provision of the articles of association or other organizational documents of Company or its affiliates; (ii) violate any law applicable to Company or its affiliates or any of Company&#8217;s properties or assets; or (iii) save as disclosed in Schedule 3.6 (ii), result in a violation or breach of, or constitute a default or give rise to any right of termination, cancellation, vesting, payment, acceleration, change of control right, suspension or revocation under any of the provisions of any material bond, security interest, indenture, contract or other instrument or obligation to which Company or any of its Subsidiaries is a party (including the Material Contracts), or by which any of them may be bound, except in the case of this clause (iii) for violations, breaches, defaults, terminations, cancellations, vestings, payments, accelerations, change of control rights, suspensions or revocations which would not, individually or in the aggregate, (x) have a Material Adverse Effect on Company and its Subsidiaries, taken as a whole, (y) impair the ability of Company to perform in any material respects its obligations under this Agreement, or (z) prevent or materially delay the consummation of the transactions contemplated hereby;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">acquisition of control of Company by Offeror does not require the approval of the French Ministry of Economy pursuant to Article L. 151-3 of the French Monetary and Financial Code, or any similar restriction on investments by foreign companies in &#8220;sensitive&#8221; or &#8220;strategic&#8221; sectors under the laws of a jurisdiction other than France;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">as of the date hereof, Company has issued 10,754,256 Company Shares, of which 43,853 shares are Treasury Shares (as of 22 October 2013).  Except for such Company Shares and except with respect to (a) BSARs giving right to subscribe 2,523,146 ordinary shares of the Company, (b) Stock Options giving right to subscribe 243,354 ordinary shares of the Company, and (c) 550,000 Free Shares already settled into shares of the Company but subject to a mandatory lock-up period (</font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">p&#233;riode de conservation</font><font style="font-family:Arial;font-size:10.5pt;">) pursuant to Article L.225-197 of the French Commercial Code, there are no (x) authorized, issued or outstanding shares of Company; (y) securities of Company convertible into or exchangeable for shares of Company; (z) warrants, calls, options or other rights to acquire from or subscribe to Company or any of its Subsidiaries, or any obligation of Company or any of its Subsidiaries to issue, any shares or securities convertible into or exchangeable or exercisable for shares of Company, or (xx) outstanding obligations of Company to repurchase, redeem or otherwise acquire any such securities or to issue, deliver or sell, or cause to be issued, delivered or sold, any such securities. All of the Company Shares have been validly issued and are fully paid; and all of the Stock Options and Free Shares have been duly and validly issued or granted;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Schedule 3.6(v) lists all subsidiaries of the Company (the &#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Subsidiaries</font><font style="font-family:Arial;font-size:10.5pt;">&#8221;), and with respect to each, the jurisdiction in which it is incorporated or organized, the jurisdictions, if any, in which it is qualified to do business, the number of shares of its authorized capital stock, the number and class of shares thereof duly issued and outstanding, the names of all stockholders or other equity owners and the number </font></div></td></tr></table><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><a name="s7bcb77b0d39e48178ba0d98fb075a347"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;padding-left:96px;padding-bottom:16px;text-align:justify;"><font style="font-family:Arial;font-size:10.5pt;">of shares of capital stock owned by each shareholder or the amount of equity owned by each equity owner. Each Subsidiary is a duly organized and validly existing corporation or other entity in good standing under the laws of the jurisdiction of its incorporation or organization and is duly licensed and qualified or authorized to do business as a foreign corporation or entity and is in good standing under the laws of each jurisdiction in which the conduct of its business or the ownership of its properties requires such qualification or authorization, except where the failure to be so qualified, authorized or in good standing would not have a Material Adverse Effect and except for what is disclosed in Schedule 3.6(v) or already disclosed to the public in accordance with the AMF Regulation regarding &#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">information r&#233;glement&#233;e</font><font style="font-family:Arial;font-size:10.5pt;">&#8221;. Each Subsidiary has all requisite corporate or entity power and authority to own lease and operate its properties and carry on its business as now conducted and currently proposed to be conducted. None of the Subsidiaries owns, directly or indirectly, any capital stock or other equity interest in any other Person;</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(vi)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">the audited consolidated balance sheet of Company for the fiscal years ended as of December 31, 2010, December 31, 2011 and December 31, 2012 and each related audited consolidated statements of income, retained earnings, stockholders&#8217; equity and cash flow of Company together with all related notes and schedules thereto (collectively, the &#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Audited Financial Statements</font><font style="font-family:Arial;font-size:10.5pt;">&#8221;), (i) were prepared in accordance with the books of account and other financial records of Company and its Subsidiaries, (ii) present fairly in all material respects the consolidated financial condition, results of operations, assets and liabilities and cash flows of Company as of the dates thereof or for the periods covered thereby, and (iii) have been prepared in accordance with IFRS, applied on a basis consistent with the past periods;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(vii)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Except as disclosed in Schedule 3.6(vii) or already disclosed to the public in accordance with the AMF Regulation regarding &#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">information r&#233;glement&#233;e</font><font style="font-family:Arial;font-size:10.5pt;">&#8221;, neither the Company nor any of its Subsidiaries is a party to or bound by, as of the date of this Agreement, any Other Material Contracts;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(viii)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">All Customer Material Contracts have been disclosed in the Data Room, an index of which is attached as Schedule 3.6 (viii);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(ix)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Except as already disclosed to the public in accordance with the AMF Regulation regarding &#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">information r&#233;glement&#233;e</font><font style="font-family:Arial;font-size:10.5pt;">&#8221;, (a) each Material Contract is valid and binding on Company and its Subsidiaries, as applicable, and is in full force and effect, except where such failure to be valid, binding and in full force and effect would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, (b) Company and each of its Subsidiaries has in all material respects performed all obligations required to be performed by it to date under each Material Contract, except where such non-compliance would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, and (c) neither Company nor any of its Subsidiaries has, to the knowledge of Company, received written notice of any event or condition which constitutes, or, after notice or lapse of time or both, will constitute, a material default on the part of Company or any of its Subsidiaries under any such Material Contract, except for such defaults as would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(x)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Each Benefit Plan has been maintained, funded and administered in compliance with its terms and with Applicable Law, except for such non-compliance which would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(xi)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Except as already disclosed to the public in accordance with the AMF Regulation regarding &#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">information r&#233;glement&#233;e</font><font style="font-family:Arial;font-size:10.5pt;">&#8221;, the Company and each of its Subsidiaries have </font></div></td></tr></table><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><a name="s7bcb77b0d39e48178ba0d98fb075a347"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;padding-left:96px;padding-bottom:16px;text-align:justify;"><font style="font-family:Arial;font-size:10.5pt;">in all material respects complied with all Applicable Laws affecting the Company&#8217;s or Subsidiaries&#8217; properties or the operation of their business. The Company has received all governmental authorizations that would be necessary to the conduct of its business, and there exists no current material default under or material violation of any such governmental authorization by or on behalf of the Company;</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;padding-left:94px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">No proceedings of any nature whatsoever have been undertaken which may result in the withdrawal, suspension or modification of any of the approvals, authorizations, consents and permits referred to above, nor are any such proceedings threatened in writing;</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;padding-left:94px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">The Company and its Subsidiaries have at all relevant times complied with all Applicable Laws relating to export control and trade sanctions or embargoes, and possesses all governmental authorizations required in order to comply with such Applicable Laws;</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(xii)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Except as disclosed in Schedule 3.6(xii) or already disclosed to the public in accordance with the AMF Regulation regarding &#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">information r&#233;glement&#233;e</font><font style="font-family:Arial;font-size:10.5pt;">&#8221;, there is no claim or legal, administrative or other proceeding, hearing, audit, inquiry or investigation in progress against the Company or its Subsidiaries (or any of its employees, officers or directors or other similar representative of the Company or its Subsidiaries in their capacity as such or relating to their employment, services or relationship with the Company or its Subsidiaries) before any governmental authority or private arbitrator;  </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(xiii)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Except as disclosed in Schedule 3.6(xiii) or already disclosed to the public in accordance with the AMF Regulation regarding &#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">information r&#233;glement&#233;e</font><font style="font-family:Arial;font-size:10.5pt;">&#8221;, either Company or a Subsidiary of Company owns, or is licensed or otherwise possesses adequate rights to use, all trademarks, trade names, service marks, service names, mark registrations, logos, assumed names, domain names, registered and unregistered copyrights, patents or applications and registrations, and trade secrets (collectively, the &#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Company Intellectual Property</font><font style="font-family:Arial;font-size:10.5pt;">&#8221;), which are material for, and used in, their respective businesses as currently conducted. Except as disclosed in Schedule 3.6(xiii) or already disclosed to the public in accordance with the AMF Regulation regarding &#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">information r&#233;glement&#233;e</font><font style="font-family:Arial;font-size:10.5pt;">&#8221;, (i) there are no pending claims by any Person alleging infringement or misappropriation by Company or any of its Subsidiaries of such Person&#8217;s intellectual property, (ii) the conduct of the businesses of Company and its Subsidiaries does not infringe or misappropriate any intellectual property rights of any Person, and (iii) neither Company nor any of its Subsidiaries has made any claim of a violation or infringement, or misappropriation by others of its rights to or in connection with the owned Company Intellectual Property;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(xiv)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">The Company, including its representatives and employees (in their capacity as representatives or employees of the Company), are insured against customary risks individually. The insurance policies are valid and in full force and shall remain so until the closing of the Offer or the closing of its re-opening period. All premiums due on the above policies have been duly paid. The Company is in compliance with all material terms and conditions contained in each policy. There are no notified disputes or claims in progress against such insurance by the Company as to which insurers are defending under reservation of rights or have denied liability. All claims under such insurance have been properly filed by the Company.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(xv)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Since December 31, 2011, neither Company nor any of its Subsidiaries has received any written material complaint, allegation, assertion or claim regarding the accounting or auditing practices of Company or any of its Subsidiaries, or their respective internal controls, including any written material complaint, allegation, assertion or claim that </font></div></td></tr></table><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><a name="s7bcb77b0d39e48178ba0d98fb075a347"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;padding-left:96px;padding-bottom:16px;text-align:justify;"><font style="font-family:Arial;font-size:10.5pt;">Company or any of its Subsidiaries have engaged in questionable accounting or auditing practices;</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(xvi)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Company is not aware of any material fact or circumstance adversely affecting the affairs of Company and its Affiliates taken as a whole which has not been disclosed publicly or to Offeror and which, if disclosed, might have a noticeable (&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">sensible</font><font style="font-family:Arial;font-size:10.5pt;">&#8221;) influence on the traded market price of the Company Shares;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(xvii)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Company has disclosed to Offeror, and provided the Offeror access to, each contract entered into by Company or any of Company&#8217;s Affiliates and still in full force and effect that (i) represents a portion of Company&#8217;s consolidated revenue superior to 10% for each of the last three (3) years, or (ii) relates to intellectual property licensed by Company or any of its Subsidiaries that Company uses in any of its products;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(xviii)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Company has made public through the channels prescribed by applicable laws and regulations all material information that has to be made available to Company&#8217;s security holders under applicable laws and regulations;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(xix)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Except as disclosed in Schedule 3.6(xix), neither Company nor any of its Subsidiaries has engaged any adviser, expert, broker or finder or incurred any liability for any fees, commissions or finder&#8217;s fees in connection with the transactions contemplated by this Agreement and the Offer Documents for which any cost or liability could be imposed on Offeror or Company or any of their respective affiliates;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(xx)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">There has been no material information on the Company, its Subsidiaries or their businesses since the date of the last Company&#8217;s annual report (</font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">document de reference</font><font style="font-family:Arial;font-size:10.5pt;">), which should have been publicly disclosed, which the Offeror should have been made aware of in the course of its due diligences in connection with the transaction contemplated herein and which could have had a significant impact on the Company&#8217;s stock price if made publicly available.</font></div></td></tr></table><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">The Schedules to this Article 3.6 are attached as </font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Exhibit 4</font><font style="font-family:Arial;font-size:10.5pt;">&#32;to this Agreement. </font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">3.7&#160;&#160;&#160;&#160;Representations and Warranties of Offeror</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Offeror represents and warrants to the Company that: </font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Offeror is a duly organized and validly existing corporation in good standing under the laws of its jurisdiction of organization.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Offeror&#8217;s authorized signatory has the requisite capacity, power and authority to enter into this Agreement on behalf of Offeror, and this Agreement has been duly and properly approved by the competent corporate body of the Offeror in accordance with the Offeror&#8217;s articles of association;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Offeror has all requisite corporate power and authority to consummate the Offer;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">none of the execution, delivery or performance of this Agreement by Offeror, the consummation by Offeror of the transactions contemplated herein or compliance by Offeror with any of the provisions hereof will conflict with or result in any breach of any provision of the articles of association or other organizational documents of Offeror or violate any law applicable to Offeror, in each case which would render this Agreement null and void. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">As of the date of this Agreement, the Offeror is not aware of any misrepresentation by or on behalf of the Company in connection with Section 3.6 of this Agreement </font></div></td></tr></table><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><a name="s7bcb77b0d39e48178ba0d98fb075a347"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;padding-left:96px;padding-bottom:14px;text-align:justify;"><font style="font-family:Arial;font-size:10.5pt;">(with the exception of representations made in (i) to (iv) of such section) and on the basis of which the Offeror could decide to terminate this Agreement. </font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">3.8&#160;&#160;&#160;&#160;Governance Upon Completion of the Offer</font></div><div style="line-height:120%;padding-bottom:14px;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Upon settlement of the Company Shares tendered into the initial Offer period, Offeror shall be entitled to designate a majority of directors on the Company Board and Company shall, at such time, cause Offeror&#8217;s designees to be so elected or appointed to the Company Board and shall take all actions requested by Offeror necessary to effect any such election or appointment.  </font></div><div style="line-height:120%;padding-bottom:14px;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">In connection with the foregoing, the Company shall (i) promptly obtain the one-by-one resignations of Mr. Jacques Soumeillan, Mrs. Fran&#231;oise Asparre, Mr. Thibault de Bouville and one independent board member, (ii) make its best efforts to obtain the resignation of another independent board member, and (iii) promptly upon each of such resignations, obtain the cooptation of a sufficient number of Offeror&#8217;s representatives so that Offeror controls the Company Board (by way of having a majority of the members at the Company Board or in case of tie, by having one of the representatives of Offeror being appointed as President of the Company Board with a casting vote). </font></div><div style="line-height:120%;padding-bottom:14px;text-align:left;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">3.9&#160;&#160;&#160;&#160;Break-Up Fee</font></div><div style="line-height:120%;padding-bottom:14px;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Company shall pay to Offeror a break fee of:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">&#8364;750,000 if the Company recommends or determines to remain neutral with respect to a Takeover Proposal from a third party (which is not qualified as a Superior Proposal) and/or enters into an agreement with respect to a Takeover Proposal (which is not qualified as a Superior Proposal); </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">&#8364;750,000 if the Company implements measures which modify its substance, or which cause the Offer to be irrelevant (</font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">sans objet</font><font style="font-family:Arial;font-size:10.5pt;">), in each case within the meaning of Article 232-11 of the AMF Regulation; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">&#8364;500,000 if the AMF announces that a tender offer for the Company&#8217;s securities made by a third party is successful, as indicated in the result notice (&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">avis de r&#233;sultat</font><font style="font-family:Arial;font-size:10.5pt;">&#8221;) published by the AMF after closing of such tender offer.</font></div></td></tr></table><div style="line-height:120%;padding-bottom:14px;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">(in each case, the &#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Break-Up Fee</font><font style="font-family:Arial;font-size:10.5pt;">&#8221;).</font></div><div style="line-height:120%;padding-bottom:14px;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Offeror shall pay to Company a break fee of &#8364;500,000 (the &#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Reverse</font><font style="font-family:Arial;font-size:10.5pt;">&#32;</font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Break-Up Fee</font><font style="font-family:Arial;font-size:10.5pt;">&#8221;) if Offeror does not file the Offer to the AMF, in accordance with the AMF Regulation and under terms and conditions set forth in </font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Exhibit 1</font><font style="font-family:Arial;font-size:10.5pt;">, within 5 Business Days following the date of this Agreement.</font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">The payment of the Break-Up Fee or Reverse Break-Up Fee shall occur within five (5) calendar days of the date on which the event having triggered it shall have occurred.  </font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Parties acknowledge that the agreements contained in this Section 3.9 are an integral part of this Agreement and that, without these agreements, the Offeror and the Company would not enter into this Agreement. </font></div><div style="line-height:120%;padding-bottom:14px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">The payment of any amounts due pursuant to this Section 3.9 shall not constitute the exclusive remedy of Offeror or Company under this Agreement. Without limiting the generality of the foregoing, in the event of a breach (or deemed breach) by Company of Section 3.4, Offeror may seek any and all other remedies available at law or in equity to which Offeror is entitled.</font></div><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><a name="s7bcb77b0d39e48178ba0d98fb075a347"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">3.10&#160;&#160;&#160;&#160;Information</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">During the period commencing on the date hereof and continuing until the earlier of the termination of this Agreement and the settlement of the Company Shares acquired in the initial Offer period, Company shall, subject to any restrictions imposed by applicable law, notify Offeror of any event or circumstance that has or may reasonably be expected to have either a Material Adverse Effect or a material positive impact on the business, assets, properties, results of operations or financial condition of Company and its Affiliates, taken as a whole, or the ability of Offeror and its affiliates to continue operating the business of Company and its Affiliates after the closing of the Offer in substantially the same manner as it was operated immediately prior to the date of this Agreement.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">3.11&#160;&#160;&#160;&#160;Employment contracts</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Following the meeting of the Company Board which will appoint the new directors representing the Offeror as well as the new </font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">Pr&#233;sident Directeur G&#233;n&#233;ral</font><font style="font-family:Arial;font-size:10.5pt;">&#32;of the Company, Offeror undertakes and procures that, on the date of such meeting, the Company will enter into and execute employment agreements respectively with Mr. Jacques Soumeillan and with Mrs. Fran&#231;oise Asparre, substantially in the forms attached as </font><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Exhibit 5</font><font style="font-family:Arial;font-size:10.5pt;">.</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;">4.</font></div></td><td style="vertical-align:top;padding-left:24px;"><div style="line-height:120%;text-align:left;font-size:10.5pt;text-indent:-24px;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">TERMINATION</font></div></td></tr></table><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">4.1&#160;&#160;&#160;&#160;Automatic Termination</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">This Agreement shall terminate automatically (</font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">de plein droit</font><font style="font-family:Arial;font-size:10.5pt;">)</font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">&#32;</font><font style="font-family:Arial;font-size:10.5pt;">upon the occurrence of any of the following:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">the Offer lapses;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">The Offer is not declared compliant (</font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">conforme</font><font style="font-family:Arial;font-size:10.5pt;">) by the AMF by December 20</font><font style="font-family:Arial;font-size:10.5pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">th</sup></font><font style="font-family:Arial;font-size:10.5pt;">, 2013, at the latest;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">The Offeror does not reach the 65% threshold of the share capital of the Company upon publication of the result notice (</font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">avis de r&#233;sultat)</font><font style="font-family:Arial;font-size:10.5pt;">&#32;of the Offer by the AMF, it being understood that such threshold shall be calculated by dividing (i) the number of Company Shares tendered in the Offer by (ii) the number of outstanding Company Shares (which shall not include the Treasury Shares and the Free Shares);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">The AMF declares that a Competing Offer is compliant (&#8220;</font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">conforme</font><font style="font-family:Arial;font-size:10.5pt;">&#8221;) and Offeror does not match such Superior Proposal as contemplated by Section 3.4 </font><font style="font-family:Arial;font-size:10.5pt;text-decoration:underline;">provided</font><font style="font-family:Arial;font-size:10.5pt;">&#32;that such termination shall only be effective if, subject to the Competing Offer being successful, the Company has effectively paid the Break-Up Fee to Offeror pursuant to Section 3.9.;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">a governmental authority of competent jurisdiction enacts, issues, promulgates, enforces or enters any applicable law or regulation which (i) has the effect of making the sale and purchase of Company Shares pursuant to the Offer, illegal or otherwise prohibiting, restraining or preventing consummation of the sale and purchase of the Company Shares pursuant to the Offer, and (ii) is final, binding and non-appealable; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(vi)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">the Offer is withdrawn by the Offeror pursuant to Section 2.3.</font></div></td></tr></table><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">4.2&#160;&#160;&#160;&#160;Termination at Option of Offeror or Company</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Offeror shall have the right to terminate this Agreement if: </font></div><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><a name="s7bcb77b0d39e48178ba0d98fb075a347"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Company has not complied with its obligations under Sections 3.1 to 3.6;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">the representations and warranties under Section 3.6 are inaccurate as of the date hereof; </font><font style="font-family:Arial;font-size:10.5pt;text-decoration:underline;">provided</font><font style="font-family:Arial;font-size:10.5pt;">, </font><font style="font-family:Arial;font-size:10.5pt;text-decoration:underline;">however</font><font style="font-family:Arial;font-size:10.5pt;">, that Offeror may not terminate this Agreement for a minor and immaterial breach of such representations and warranties;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">the Company Board withdraws or modifies the Board recommendation and/or recommends a tender offer or a Takeover Proposal from a third party; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">the Company has implemented measures which modify its substance, or which cause the Offer to be irrelevant (</font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">sans objet</font><font style="font-family:Arial;font-size:10.5pt;">), in each case within the meaning of Article 232-11 of the AMF Regulation.</font></div></td></tr></table><div style="line-height:120%;padding-bottom:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Company shall have the right to terminate this Agreement if the Offer is not filed by Offeror, in accordance with the AMF Regulation, within 5 Business Days following the date of this Agreement; </font><font style="font-family:Arial;font-size:10.5pt;text-decoration:underline;">provided</font><font style="font-family:Arial;font-size:10.5pt;">&#32;that such termination shall only be effective if the Offeror has effectively paid the Reverse Break-Up Fee to Company pursuant to Section 3.9.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">4.3&#160;&#160;&#160;&#160;Effect of Termination </font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Any termination of this Agreement, including any termination pursuant to Sections 4.1 and 4.2, shall be without prejudice to the provisions of the Confidentiality Agreement, and the provisions of Section 3.9 (to the extent that an event triggering the payment of a Break-Up Fee or a Reverse Break-Up Fee has occurred on the same day as, or before, such termination), this Section 4.3 and Articles 6 and 7 of the Agreement, which shall remain in force in accordance with their terms. Except as set forth above, if this Agreement is terminated in accordance with Section 4.1 or 4.2, such termination shall not release Company or Offeror respectively from liability for any breach of this Agreement that has arisen prior to such termination.</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">5.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">COMMUNICATION</font></div></td></tr></table><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">5.1&#160;&#160;&#160;&#160;Joint Analyst and Media Presentation - Road Shows</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">At the request of the Offeror, executives from the Company will participate in media presentations and road shows sponsored by the Offeror to explain the Offer and its rationale.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">5.2&#160;&#160;&#160;&#160;Other Communications </font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Except as may otherwise be required by applicable laws or regulations or expressly provided for in this Agreement, the Parties hereby agree that they will, to the extent reasonably possible, consult with each other before making, and give each other a reasonable opportunity to review and comment upon, any press release or other public statements with respect to this Agreement or the Offer.</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">6.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">NOTICES</font></div></td></tr></table><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">All notices or communications made pursuant to this Agreement must be addressed by registered letter, return receipt requested, and shall be deemed effective upon receipt, unless they are preceded by a fax transmission, in which case they shall be deemed effective upon being sent.  Said notices shall be sent to each Party address referred to above, and, as the case may be, to the following individuals and their corresponding fax numbers, unless notified otherwise as indicated above: </font></div><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><a name="s7bcb77b0d39e48178ba0d98fb075a347"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;text-decoration:underline;">To the Offeror: </font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:76px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:76px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">c/o PROS Holdings, Inc.</font></div><div style="line-height:120%;text-align:justify;padding-left:76px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">3100 Main St, Ste 900</font></div><div style="line-height:120%;text-align:justify;padding-left:76px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Houston, TX 77002 </font></div><div style="line-height:120%;text-align:justify;padding-left:76px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Attention: Andres D. Reiner</font></div><div style="line-height:120%;text-align:justify;padding-left:76px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:76px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;text-decoration:underline;">with a copy to: </font></div><div style="line-height:120%;text-align:left;padding-left:77px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Taylor Wessing</font></div><div style="line-height:120%;text-align:left;padding-left:77px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">42 avenue Montaigne</font></div><div style="line-height:120%;text-align:left;padding-left:77px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">75008 Paris</font></div><div style="line-height:120%;text-align:justify;padding-left:77px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">France</font></div><div style="line-height:120%;text-align:justify;padding-left:77px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Attention: Nicolas de Witt</font></div><div style="line-height:120%;text-align:justify;padding-left:77px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:77px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;text-decoration:underline;">and with a copy to: </font></div><div style="line-height:120%;text-align:left;padding-left:77px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">DLA Piper LLP</font></div><div style="line-height:120%;text-align:left;padding-left:77px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">401 Congress Avenue, Suite 2500</font></div><div style="line-height:120%;text-align:left;padding-left:77px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Austin, Texas  78701-3799 </font></div><div style="line-height:120%;text-align:left;padding-left:77px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Attention: Ariane Chan, Esq.</font></div><div style="line-height:120%;text-align:left;padding-left:77px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;text-decoration:underline;">To the Company: </font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:77px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Cameleon Software</font></div><div style="line-height:120%;text-align:left;padding-left:77px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Le Galil&#233;e - 185 rue Galil&#233;e</font></div><div style="line-height:120%;text-align:left;padding-left:77px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">31670 Lab&#232;ge</font></div><div style="line-height:120%;text-align:left;padding-left:77px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">France </font></div><div style="line-height:120%;text-align:left;padding-left:77px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Attention:</font></div><div style="line-height:120%;text-align:left;padding-left:77px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Mr. Jacques Soumeillan and Mr. Thibault de Bouville</font></div><div style="line-height:120%;text-align:left;padding-left:77px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:77px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;text-decoration:underline;">with a copy to: </font></div><div style="line-height:120%;text-align:left;padding-left:77px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">De Pardieu Brocas Maffei </font></div><div style="line-height:120%;text-align:left;padding-left:77px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">57, avenue d&#8217;I&#233;na</font></div><div style="line-height:120%;text-align:left;padding-left:77px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">75116 Paris</font></div><div style="line-height:120%;text-align:left;padding-left:77px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Attn: Patrick Ja&#239;s</font></div><div style="line-height:120%;text-align:left;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Any fax shall also be copied in an email to the email addresses set forth above, but such email shall not be treated as official notice. </font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;">7.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">MISCELLANEOUS</font></div></td></tr></table><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">7.1&#160;&#160;&#160;&#160;Variation; Amendment</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">No variation or amendment of this Agreement shall be effective unless in writing and executed by or on behalf of each of the Parties.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">7.2&#160;&#160;&#160;&#160;Fees and Expenses</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Except as provided in Article 3.9 above, all costs and expenses incurred in connection with this Agreement and the consummation of the transactions contemplated herein shall be paid by the Party incurring such expenses.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">7.3&#160;&#160;&#160;&#160;Entire Agreement; No Third Party Beneficiaries.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">This Agreement and the Exhibits hereto (and any other agreements entered into on or subsequent to the date hereof) constitute the entire agreement and supersedes all prior agreements and understandings, both written and oral, between the Parties with respect to the subject matter hereof, in particular the Exclusivity Agreement dated July 23, 2013 and </font></div><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><a name="s7bcb77b0d39e48178ba0d98fb075a347"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">the revised indicative offer letter dated September 27, 2013, but except as regards to the Confidentiality Agreement.  This Agreement is not intended to, and does not confer upon any Person other than the Parties hereto any rights or remedies hereunder.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">7.4&#160;&#160;&#160;&#160;Severability</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">If any provision of this Agreement is held to be invalid or unenforceable for any reason, such provision shall be ineffective to the extent of such invalidity or unenforceability; </font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">provided</font><font style="font-family:Arial;font-size:10.5pt;">, </font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">however,</font><font style="font-family:Arial;font-size:10.5pt;">&#32;that the remaining provisions shall continue in full force without being impaired or invalidated in any way.  The Parties agree to replace any invalid or unenforceable provision with a valid provision which most closely approximates the intent and economic effect of the invalid or unenforceable provision.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">7.5&#160;&#160;&#160;&#160;Specific Performance</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">The Parties hereto agree that irreparable damages would occur in the event that any provision of this Agreement was not performed in accordance with the terms hereof and that the Parties shall be entitled to specific performance (</font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">ex&#233;cution forc&#233;e</font><font style="font-family:Arial;font-size:10.5pt;">) of the terms hereof, in addition to any other remedy at law that may be available.  Accordingly, the exclusion of specific performance under Article 1142 of the French Civil Code is hereby expressly waived by each of the Parties.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">7.6&#160;&#160;&#160;&#160;Governing law and Jurisdiction </font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">This Agreement shall be exclusively governed by and construed in accordance with the substantive laws of France, without regard to the principles of conflicts of laws thereof.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10.5pt;padding-left:48px;"><font style="font-family:Arial;font-size:10.5pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Any dispute, controversy or claim arising out of or relating to this undertaking, including its interpretation or performance, or the breach, termination or validity thereof, shall be submitted to the sole jurisdiction of the Paris Commercial Court (Tribunal de Commerce de Paris) and, as to appeals, to the Cour d&#8217;Appel of Paris.</font></div></td></tr></table><div style="line-height:120%;padding-bottom:16px;text-align:justify;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;padding-left:96px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;padding-left:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">&#32;[REMAINDER OF PAGE INTENTIONALLY BLANK]</font></div><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><a name="s7bcb77b0d39e48178ba0d98fb075a347"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;padding-top:32px;text-align:left;padding-left:336px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Entered into in Paris </font></div><div style="line-height:120%;text-align:left;padding-left:336px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">On October 24, 2013</font></div><div style="line-height:120%;text-align:left;padding-left:336px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">In two (2) original copies </font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;"><br></font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;"><br></font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Offeror</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">By: PROS HOLDINGS, Inc.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Name:  Andres Reiner</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Title: Chief Executive Officer</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;"><br></font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Company</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">By: Cameleon Software</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Name: Jacques Soumeillan</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;">Title: Pr&#233;sident Directeur G&#233;n&#233;ral</font></div><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><a name="s7bcb77b0d39e48178ba0d98fb075a347"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:center;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;text-decoration:underline;">LIST OF EXHIBITS</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Exhibit 1: </font><font style="font-family:Arial;font-size:10.5pt;">Draft </font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">Note d&#8217;Information</font><font style="font-family:Arial;font-size:10.5pt;">&#32;</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Exhibit 2: </font><font style="font-family:Arial;font-size:10.5pt;">Draft </font><font style="font-family:Arial;font-size:10.5pt;font-style:italic;">Note en r&#233;ponse</font><font style="font-family:Arial;font-size:10.5pt;">&#32;</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Exhibit 3: </font><font style="font-family:Arial;font-size:10.5pt;">Draft press release</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Exhibit 4:</font><font style="font-family:Arial;font-size:10.5pt;">&#32;Disclosure schedules to the representations made by the Company</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Exhibit 5: </font><font style="font-family:Arial;font-size:10.5pt;">Employment agreements</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;"><br></font></div><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><a name="s7bcb77b0d39e48178ba0d98fb075a347"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:center;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;text-decoration:underline;">EXHIBIT 1</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:center;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">DRAFT NOTE D&#8217;INFORMATION </font></div><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:center;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;"><br></font></div><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><a name="s7bcb77b0d39e48178ba0d98fb075a347"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:center;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;text-decoration:underline;">EXHIBIT 2</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:center;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">DRAFT NOTE EN REPONSE </font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;"><br></font></div><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><a name="s7bcb77b0d39e48178ba0d98fb075a347"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:center;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;text-decoration:underline;">EXHIBIT 3</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:center;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">DRAFT PRESS RELEASE</font></div><div style="line-height:120%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;padding-top:32px;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;"><br></font></div><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><a name="s7bcb77b0d39e48178ba0d98fb075a347"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:center;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;text-decoration:underline;">EXHIBIT 4</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:center;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">DISCLOSURE SCHEDULES</font></div><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><a name="s7bcb77b0d39e48178ba0d98fb075a347"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;text-align:center;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;text-decoration:underline;">EXHIBIT 5</font></div><div style="line-height:120%;text-align:center;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">EMPLOYMENT AGREEMENTS</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div>	</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>pressrelease.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
		<!-- Document created using WebFilings 1 -->
		<!-- Copyright 2008-2013 WebFilings LLC. All Rights Reserved -->
		<title>PressRelease</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<a name="sF88E9E7D992671708BA6E80B9D9ECFF6"></a><div></div><br><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Exhibit 99.1</font></div><div style="line-height:120%;text-align:left;font-size:14pt;"><font style="font-family:Arial;font-size:14pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:14pt;"><font style="font-family:Arial;font-size:14pt;font-weight:bold;text-decoration:underline;">FOR IMMEDIATE RELEASE</font></div><div style="line-height:120%;text-align:center;font-size:14pt;"><font style="font-family:Arial;font-size:14pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:14pt;"><font style="font-family:Arial;font-size:14pt;font-weight:bold;">PROS Announces Plans to Acquire Cameleon Software, </font></div><div style="line-height:120%;text-align:center;font-size:14pt;"><font style="font-family:Arial;font-size:14pt;font-weight:bold;">a Market Leading CPQ Company</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Combination will provide end-to-end sales effectiveness solution powered by data science.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">HOUSTON &amp; TOULOUSE, FRANCE, October 24, 2013</font><font style="font-family:Arial;font-size:12pt;">&#32;&#8211; PROS Holdings, Inc. (NYSE: PRO) and Cameleon Software (Paris: CAM) today announced PROS has entered into a definitive tender offer agreement to acquire Cameleon in an all-cash transaction valued at approximately &#8364;24 million (U.S. $33 million), net of cash acquired. The transaction has been approved by the Boards of Directors of both PROS and Cameleon, respectively on the 22</font><font style="font-family:Arial;font-size:12pt;"><sup style="vertical-align:top;line-height:120%;font-size:8pt">nd</sup></font><font style="font-family:Arial;font-size:12pt;">&#32;and the 24</font><font style="font-family:Arial;font-size:12pt;"><sup style="vertical-align:top;line-height:120%;font-size:8pt">th</sup></font><font style="font-family:Arial;font-size:12pt;">&#32;of October, 2013. Under the terms of the agreement, PROS will commence the proposed tender offer to acquire all the outstanding shares of Cameleon. Key terms of the agreement include the following:</font></div><table cellpadding="0" cellspacing="0" style="padding-top:6px;padding-bottom:6px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:24px;"><font style="font-family:Arial;font-size:10pt;font-style:italic;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-style:italic;">PROS offer of &#8364;2.05 per share represents a 45% premium on Cameleon&#8217;s trailing 90-day average common stock price as of October 23, 2013.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:6px;padding-bottom:6px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:24px;"><font style="font-family:Arial;font-size:10pt;font-style:italic;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-style:italic;">PROS offer includes an additional &#8364;0.15 per share cash premium to the shareholders tendering their shares and warrants if PROS succeeds in holding 95% of Cameleon&#8217;s diluted voting rights by December 31, 2014, which would result in a price of &#8364;2.20 per share, representing a 55% premium on Cameleon&#8217;s trailing 90-day average common stock price as of October 23, 2013.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:6px;padding-bottom:6px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:24px;"><font style="font-family:Arial;font-size:10pt;font-style:italic;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-style:italic;">Cameleon&#8217;s four largest management shareholders together with IRDI and SOPROMEC, Cameleon&#8217;s two largest independent shareholders, representing in aggregate 26% of the diluted</font><font style="font-family:Arial;font-size:12pt;font-style:italic;"><sup style="vertical-align:top;line-height:120%;font-size:8pt">2</sup></font><font style="font-family:Arial;font-size:12pt;font-style:italic;">&#32;share capital of Cameleon, have agreed to tender their shares to PROS, subject to regulatory approvals and other customary conditions.</font></div></td></tr></table><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;">Configure, Price, and Quote (CPQ) software streamlines and simplifies the configuration, pricing and quote-generation activities that accompany solutions and negotiated selling. CPQ applications are also deployed to support self-service sales environments, including business-to-consumer (B2C) and business-to-business (B2B). According to Gartner, Inc., price optimization and CPQ are the only two sales effectiveness technologies identified as &#8220;transformational&#8221; in its report &#8220;Hype Cycle for CRM Sales, 2013.&#8221; In the same report, both CPQ and price optimization are recognized as being in the early mainstream adoption phase of the market. </font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;">&#8220;PROS planned acquisition of Cameleon represents another step in our mission to help customers outperform,&#8221; said PROS President and CEO Andres Reiner. &#8220;The proposed addition of Cameleon&#8217;s market-leading CPQ solutions with PROS big data applications would offer a unique, end-to-end sales effectiveness solution that drives sales growth. Customers are seeking a single platform that combines the efficiency of sales execution with big data science to optimize the lead-to-order process. This would bring our vision of improving both sales efficiency and effectiveness to a powerful new reality, and would put PROS in a unique market position to provide a total solution for customers.&#8221; </font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;">Reiner continued, &#8220;PROS and Cameleon share a common culture and a commitment to customer success and innovation as hallmarks of how we do business. Both companies also share a belief that data science enables businesses to accelerate growth. We look forward to retaining the very talented Cameleon team under the leadership of Cameleon Founder, President and CEO Jacques </font></div><br><div></div><hr style="page-break-after:always"><a name="sF88E9E7D992671708BA6E80B9D9ECFF6"></a><div></div><br><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;">Soumeillan, who would lead the Cameleon CPQ product line. We would also retain the highly regarded Cameleon brand, built over many years in the CPQ market. We look forward to welcoming Cameleon&#8217;s people, customers and partners to PROS.&#8221;</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;">Cameleon President and CEO Jacques Soumeillan added, &#8220;With PROS, we find a wealth of commonalities, a strong cultural fit and a shared interest in helping customers improve sales effectiveness. We strive to deliver the most innovative and robust CPQ solutions, and we are confident the proposed combination of PROS and Cameleon would offer a unique value proposition for our respective customers and partners. This would be a tremendous opportunity for our employees in Europe and the U.S., as we work together to grow the market, and expand domestically and internationally.&#8221; </font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">Benefits of the Planned Acquisition</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;">The combination of PROS and Cameleon will unite two innovators that help customers outperform. Key strengths expected from the combination would include the following:</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:24px;"><font style="font-family:Arial;font-size:12pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">Aligns with PROS strategy of providing big data solutions that drive sales growth</font><font style="font-family:Arial;font-size:12pt;">: Cameleon&#8217;s CPQ solutions drive sales growth by streamlining and simplifying the selling and quoting process. According to Gartner, companies that invest in CPQ solutions can increase their revenue growth rates by as much as 10%. The addition of Cameleon&#8217;s solutions to the PROS portfolio would meet the growing demand for an end-to-end sales effectiveness solution that optimizes products, prices and offers.  </font></div></td></tr></table><div style="line-height:138%;text-align:left;padding-left:24px;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:24px;"><font style="font-family:Arial;font-size:12pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">Offers immediate benefits to customers: </font><font style="font-family:Arial;font-size:12pt;">The integration of PROS and Cameleon would provide a single platform that combines the transformational benefits of sales execution and big data science to optimize the lead-to-order process. Customers have been forced to use different technologies to optimize prices, and configure product offers and quotes. The combined solution would bring together two key decisions in the sales process, providing best-in-class automation, data science, analytics and execution that gives sales reps a competitive selling advantage. </font></div></td></tr></table><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">Additional Details Regarding the Proposed Cameleon Acquisition</font><font style="font-family:inherit;font-size:10pt;">&#32;<br></font><font style="font-family:Arial;font-size:12pt;">Under the terms of the transaction, PROS will commence a tender offer to acquire all of the outstanding shares of Cameleon. PROS offer is not subject to any conditions precedent and will be filed with the French &#8220;</font><font style="font-family:Arial;font-size:12pt;font-style:italic;">Autorit&#233;s des March&#233;s Financiers&#8221;</font><font style="font-family:Arial;font-size:12pt;">&#32;(AMF) by October 31, 2013, at the latest. The completion of the offer is subject to, among other things, the successful tender of shares by Cameleon shareholders representing no less than 65% of the number of shares, including IRDI, SOPROMEC and management, and required regulatory approvals. If successful, the transaction would close in the first quarter of 2014. The offer documents, together with additional offer details, will be submitted to the AMF in accordance with French law. Cameleon shareholders and other investors are urged to read carefully all tender offer materials prior to making any decision with respect to the tender offer. PROS intends to launch a squeeze-out procedure should it reach the 95% threshold, following completion of the offer.</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;">Bellot Mullenbach &amp; Associ&#233;s has been appointed by the Cameleon board of directors as independent experts. The firm has delivered a fairness opinion on the tender offer.  PROS has been advised by Bryan, Garnier &amp; Co. (also acting as presenting bank for the offer) and TaylorWessing.  Cameleon has been advised by Financi&#232;re Cambon and De Pardieu Brocas Maffei.</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><br><div></div><hr style="page-break-after:always"><a name="sF88E9E7D992671708BA6E80B9D9ECFF6"></a><div></div><br><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">PROS to Discuss Strategic Benefits of the Proposed Acquisition of Cameleon on Previously Scheduled Third Quarter 2013 Earnings Call on Nov. 4, 2013.</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;">PROS Holdings will host a conference call on Monday, Nov. 4, 2013, at 4:30 pm EST to discuss the Company&#8217;s third quarter financial results and business outlook. During the call, management will also provide additional detail regarding the strategic benefits of the planned acquisition of Cameleon Software. To access this call, dial (800) 510-9691 (toll-free) or (617) 614-3453, and enter pass code 36343579.  The live webcast of the conference call can be accessed under the &#8220;Investor Relations&#8221; section of the Company&#8217;s web site at www.pros.com. </font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;">Following the call, an archived webcast will be available in the &#8220;Investor Relations&#8221; section of the Company&#8217;s web site at www.pros.com.  A telephone replay will be available until Nov. 11, 2013, at (888) 286-8010 (toll-free) or (617) 801-6888 using the pass code 76792426.</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">About Cameleon</font><font style="font-family:inherit;font-size:10pt;">&#32;<br></font><font style="font-family:Arial;font-size:12pt;">Cameleon (Paris: CAM) is a global leader in multichannel, multi-device product configurator, quotes, proposals and eCommerce software. Cameleon solutions empower customers&#8217; sales teams to streamline their quote-to-order process and increase sales across all channels, and marketing teams to define and launch new products faster. Cameleon&#8217;s solutions integrate to leading CRM and ERP systems including Salesforce, SAP, Oracle and Microsoft and are available as both SaaS and on premises. Cameleon Software is a public company with strong references in industries such as insurance and financial services, telecom, hi-tech and manufacturing, including Pearson, MMA, Sage, ThyssenKrupp, SFR, and Tyco. To learn more, visit http://www.cameleon-software.com.</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">About PROS </font><font style="font-family:inherit;font-size:10pt;">&#32;<br></font><font style="font-family:Arial;font-size:12pt;">PROS Holdings, Inc. (NYSE: PRO) is a big data software company that helps customers outperform in their markets by using big data to sell more effectively. We apply 27 years of data science experience to unlock buying patterns and preferences within transaction data to reveal which opportunities are most likely to close, which offers are most likely to sell and which prices are most likely to win. PROS offers big data solutions to optimize sales, pricing, quoting, rebates and revenue management across more than 30 industries. PROS has completed over 600 implementations of its solutions in more than 50 countries. The PROS team comprises more than 700 people around the world. To learn more, visit http://www.pros.com.</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">Notice to US Investors</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;">This press release is not an offer to purchase. The solicitation and the offer to buy shares of Cameleon will be made pursuant to an offer to purchase and related materials that the Company intends to disseminate to shareholders of Cameleon. As noted above, the Company will file the tender offer prospectus and related documents with the AMF, and upon receiving clearance from the AMF, the Company will disseminate such documents to the shareholders of Cameleon in accordance with applicable law. The tender offer agreement, prospectus and related offering documents will contain important information that should be read carefully and considered before any decision is made with respect to the tender offer.  These materials will be sent free of charge to all shareholders of Cameleon when available. Free copies of the tender offer agreement, prospectus and related offering documents will be made available by contacting PROS Investor Relations at 3100 Main Street, Suite #900, Houston, TX 77002 USA, telephone number +1 (646) 277-1200. Shareholders of Cameleon may also obtain free copies of such documents by contacting Cameleon Investor Relations at telephone number +33(0) 1-44-71-9853.</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><br><div></div><hr style="page-break-after:always"><a name="sF88E9E7D992671708BA6E80B9D9ECFF6"></a><div></div><br><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">Forward-looking Statements</font><font style="font-family:inherit;font-size:10pt;">&#32;<br></font><font style="font-family:Arial;font-size:12pt;">Statements herein regarding the proposed transaction between PROS and Cameleon, future financial and operating results and any other statements about future expectations constitute &#8220;forward looking statements.&#8221; These forward looking statements may be identified by words such as &#8220;believe,&#8221; &#8220;expects,&#8221; &#8220;anticipates,&#8221; &#8220;projects,&#8221; &#8220;intends,&#8221; &#8220;should,&#8221; &#8220;would,&#8221; &#8220;estimates&#8221; or similar expressions. Such statements are based upon current beliefs and expectations and are subject to significant risks and uncertainties. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements. Further, forward-looking statements speak only as of the date they are made, and neither Cameleon or PROS undertake any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time unless required by law.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-bottom:8px;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;"># # #</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">PROS Media Contact:</font><font style="font-family:inherit;font-size:10pt;">&#32;<br></font><font style="font-family:Arial;font-size:10pt;">Yvonne Donaldson</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">ydonaldson@pros.com</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">713.335.5310</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">PROS Investor Contact:</font><font style="font-family:inherit;font-size:10pt;">&#32;<br></font><font style="font-family:Arial;font-size:10pt;">Staci Strauss-Mortenson</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">staci.mortenson@icr.inc</font><font style="font-family:inherit;font-size:10pt;">&#32;<br></font><font style="font-family:Arial;font-size:10pt;">646.277-1200</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Cameleon Media Contact:</font><font style="font-family:inherit;font-size:10pt;">&#32;<br></font><font style="font-family:Arial;font-size:10pt;">Virginie Dupin</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">vdupin@cameleon-software.com</font><font style="font-family:inherit;font-size:10pt;">&#32;<br></font><font style="font-family:Arial;font-size:10pt;">+33(0) 5-61-39-7834</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Cameleon Investor Contact:</font><font style="font-family:inherit;font-size:10pt;">&#32;<br></font><font style="font-family:Arial;font-size:10pt;">Emmanuel Huynh | Louis-Victor Delouvrier</font><font style="font-family:inherit;font-size:8pt;color:#6c6c64;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family:inherit;font-size:10pt;">&#32;<br></font><font style="font-family:Arial;font-size:10pt;">cameleonsoftware@newcap.fr <br>+33(0) 1-44-71-9853</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:288px;font-size:11pt;"><font style="font-family:Arial;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><br><div></div>	</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>proslogo.jpg
<DESCRIPTION>PROS LOGO
<TEXT>
begin 644 proslogo.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``(!`0(!`0("`@("`@("`P4#`P,#
M`P8$!`,%!P8'!P<&!P<("0L)"`@*"`<'"@T*"@L,#`P,!PD.#PT,#@L,#`S_
MVP!#`0("`@,#`P8#`P8,"`<(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`S_P``1"`!0`1`#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#]A_VO/VZ=
M)_9$UO1;+4=!U'6'UJ"2=&MIDC$81@I!W=<YKQ[_`(?5>&/^A)U[_P`"XO\`
M"N*_X+6_\C]X$_[!]U_Z,2OB*OWCA+@7)\=E-'%XFFW.2=WS26TFMD_(_EWC
M[Q.X@RO/\1@,'54:<'&RY(O>,7NU?=GZ)?\`#ZKPQ_T).O?^!<7^%'_#ZKPQ
M_P!"3KW_`(%Q?X5^=M%?1_\`$-,@_P"?3_\``I?YGQ__`!&7BK_G_'_P"'^1
M^E'AO_@LQ\/M0GCCU/P[XKTT/D&2..&X1.>,_O%;&/0'Z=Z][^"_[6/P^_:`
M54\+^);&\O2"38RDV]XN.O[IP&('<J"/>OQ<J?3-4N=$U&"\LKB>TN[9Q)#/
M#(8Y(F!R&5AR"#W%>9F'A3E=6#^JRE3ETUYE\T]?Q/:RCQTSNA47UZ$*L.NG
M++Y-:??%G[PUYM^U3^TE9?LK_#*/Q-?Z9=:K!)>QV7D6\BHX+J[!LMQ@;/UK
MQC_@FM^W'=_M`:5-X0\53++XJT>#SH+QB`VJP`X)8?\`/1,KDC[P.>H8FS_P
M6`_Y-/M_^P]:_P#HN:OR7"<-SP^?4LJS&.CDD[/1I]4^S_X&Y^\X_C"GBN%J
MV>Y1/50;5TKQDMTT[JZ^Y[JZ:9R'_#ZKPQ_T).O?^!<7^%'_``^J\,?]"3KW
M_@7%_A7YVT5^V_\`$-,@_P"?3_\``I?YG\V?\1EXJ_Y_Q_\``(?Y'Z)?\/JO
M#'_0DZ]_X%Q?X5HZ#_P6>\"7<RKJ/A?Q58JS8+PB"<*/4Y=3Z]/UZ5^;E%3+
MPSR%JRIM?]O2_P`RH>,_%,7=UHOR<(_HD?LQ\%/VR_AO\?YDMO#OB6TDU)^F
MGW0-K=D^BH^-_'.4W`5ZA7X-VMU+8W,<T,DD,T+!XY$8JR,#D$$<@@]Z_1[_
M`()D?MRZA\9%D\">,+O[5X@L(#-IM_*_[W4H5^_')G[TJ#!W=67)/*EF_.N+
M_#AY=0EC<!)SIQ^)/XDN]U:Z[Z)K?76WZ]P!XP1S?$QRW-(*G5EI&4;\LGV:
M=VF^FK3>FCM?[&HHKS;]J+]I[0/V6/AQ+KFL,+B\FS%IVG(^V;4)@/NC@[5'
M!9R,*/4D`_F>$PE;$UHX?#Q<IR=DEU/V?'8[#X+#SQ6*FH0@KMO9+^MENWHC
MM_%WC+2?`.@S:IK>IV.DZ=;C,ES=SK#$GMN8@9/8=37R;\9O^"Q/@_PA?3V?
MA#1;[Q7+%E1>2R?8K0GU7*M(P'NJY['O7Q!^T7^U%XM_:>\5G4O$E\3;0L?L
M>G092TL5/9$SR?5CECZX``\ZK]TR#PKPM*"JYJ^>?\J=HKYK5_>EZG\Q<5>.
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MYQ?Z6/K\@\9\_P`#-+&25>GU4K*7RDE>_P#B4C]Y:*^"_P!@S_@IO<7>HV7@
MWXEWRR";$&GZ],<,&Z+'<MT.>@E/.?O9R6'WI7X-GW#^+RC$_5\6O1K:2[K]
M5NC^HN%N*\!G^#6,P,O*47\47V:_)[/H%<Y\4_BWX<^"GA"?7?$^JVVDZ;!Q
MOE.6E;LB(,L['LJ@FM/Q;XIL?`WA;4=:U.=;;3M*MI+NYE/(CC12S''?@'CO
M7XZ_M6_M/:W^U+\3[G6=1EEBTRW=X]*T_=^[L8,\#`X+L`"[=2?8*!['!O"-
M3.\0^9\M*'Q/KZ+S_+[D?/\`B)Q_2X:PL>2*G7J7Y8O96WE+K9=MV]--6OJC
MXM_\%HO)O)K?P-X2CEB0D1WVM2D>9[^1&00/K)D^@KRZ7_@KY\6I+M9!%X4C
M09S$NG/L.?K(6X^M?,6E:3=Z]J,-G8VMQ>W=PVR*"",R22'T50"2?I7T]^S]
M_P`$HO'WQ3:"]\3E/!6COAB+I/,OY5_V801L]/WA4C^Z:_9,3P]PKD]#FQ=.
M"7]YN4GZ+5OY(_G?!\6\<\08GEP%6I)]H)1C'U:LDO\`$_F=?\//^"S?B]-1
M@@U[P9HFLK*RQA=,DFM)G)X&`QE#-GL`,].*^ZO@]\1KSXI^"K?5[WPQKWA.
M2<9%GJRQI.1C[VU79@/]\(W'W<8KB/@1^QO\-_V4M+?4--L8#?VT1>XUO59%
M>X10/F.\@+$N,YV!1CKFO.OBE_P4KTO4?'ECX(^%5C%XS\4ZM<K9PWDA9-,M
MW)^]D8:4*,DE=JX&=QK\HS6C@<XK.GD&#<5'64VVE;NTWRQ7F]7V/W?(L1F7
M#^'57BK,%.4](TTDY-O9)I<\WTLE9/K8^I:*KZ5;SVFEVT5U<&[N8HE66?8$
M\YP`"^T<#)R<#IFK%?`-6=C]5B[J[5@HHHI#/ST_X+6_\C]X$_[!]U_Z,2OB
M*OMW_@M;_P`C]X$_[!]U_P"C$KXBK^J.`/\`D08;T?\`Z5(_AWQ6_P"2KQGK
M'_TB)[;_`,$_/@MX>^/G[1=MX>\3VDM[I4MC<3M''.\+%T4%3N0@U]VWW_!*
M;X,W=J\<>B:I:NPXEBU6<NGTW,1^8-?'O_!)?_D\&R_[!=W_`.@"OU0K\V\2
M,\S#"9NJ>%KRA'DB[*32O=]#]B\'>&<IS#()5L=AH5)>TDKRBF[6CI=JY^4G
M[>O[![?LEW>GZKI&H7.J^%M7F-M$]RJBXLY@I81N5`5]RAB&`'W6!`P"?G*O
MTW_X+$ZS9V?[,.FV<SI]KO==@:W0GYCLBE+L/8`@?\"%?F17Z/P'FV*S'*(5
M\6[R3:OW2Z_I\C\?\4<AP649_4PN`7+!QC+EWY6UJOU\K]CO/V7_`(D3?"7]
MH3PAK\+,HL=3A$P4X+PNWERK^,;,/QK]!?\`@L!_R:?;_P#8>M?_`$7-7YBZ
M6DLFIVRP$B9I5$9`R0V1C]:_3K_@L!_R:?;_`/8>M?\`T7-7A\7T(+B'+*RW
M<FGZ)Q:_]*9]-P#B:DN$<ZP[?NQC%KUDI)_^DH_+ZNE^"^D6WB#XQ>$["]A2
MXL[W6;.WGB?[LL;SHK*?8@D5S5==^S__`,EX\$_]A^Q_]*(Z_1<:VL/4:_E?
MY'Y%EL5+%THR5TY1_-'ZG>(?^"=7P:\1V3PR>"+&U++@26D\T#I[@JX&?J#7
MPS_P4#_80B_93NM/UO0+R[O_``KJ\QME%UAI[&?:6$;,``RLH8J<`_*0<XR?
MU2KY'_X+'>+;'3/V<]'T>62,ZAJFM1RV\1/S[(HY-\@'H"Z+_P`#K^=N!N),
MT_M:CAG5E.$W9QDW)6MNKWM;?3L?USXF\'9'_8.(QD:$*=2FKQE&*B[W5D[6
MO?:SOOIJ?F?79_L[>/;CX8?'7PEKULVU]-U6"1AG&^,N%D4GT9"P_&N,K8^'
MNA2>*/'^AZ9%N,NHZA;VJ;>N7D51C\Z_HK%PA.A.%7X6FGZ6U/Y$R^K4IXJG
M4H_$I)KU35OQ/W#\1^(;+PCX?OM5U*XCM-/TVW>ZN9W^[#&BEF8^P`)K\;?V
MKOVB-0_::^,VI^)+IIH[$N8-,M7;(M+93\BXZ!C]YL=68^U??'_!7'XIR^!O
MV9XM%MI6CN/%FH):28X)MXP99.?=EC4^H8U^7U?D_A1D<(8>>:5%[TFXQ\DM
MW\WI\O,_=_'7B>I4Q=/(Z3M""4Y^<GLGY):^LO)!71_"OX2^(OC7XQM]!\,:
M7<:KJ=SEA'&`%C4=7=CA409&68@<CN16#964NI7D-O;QO-/.XCCC099V)P`!
MZDFOV&_8R_99TW]EGX1VFFI#$_B#4(TN-9O!\S33X^X&_P">:9*J/J>K&OL.
M,N*X9)A5.*YJD[J*Z:;M^2T]=O-?GWAYP+4XEQLJ<I.%&G9SDM]=HKS=GJ]$
MDWKHG\V_"?\`X(N6[6$4_CCQ=<"X=<O9Z+$JB(^GG2@[O^_8^IKL=>_X(R_#
MN[L"NG>(O&%E=!0%DFFM[B,GU*")"2?9@*^OJ*_!ZW'N?5*GM/K#7DDDONM^
M=S^H\/X6\+T:/L?JBEYMR;?SO?[K>1^3'[4W_!.?QK^S/ITVL*\/B7PQ$1YF
MHV<91[4$X!FB))0?[0+*,C)!(%?/U?O)=6L5]:R03QQS0S*4DC=0RNI&""#P
M01VK\[OVHO\`@E9XFO\`XZ32?#?3+/\`X1;5T^U?O[M(8M*E)(>+!.XIG#+M
M4X!Q_#S^F\'>(\<4GALWE&$DKJ>B3\GT3[6T?9/?\7\0O!^>"<<9D$)5(2=G
M35Y2C?9KJX][ZK>[6WQ97Z=_\$L/VJKCXT?#.Y\):Y<^?K_A*-!#*[9DO+(_
M*C'U:,X0GN#'G))-><?"[_@BSAHIO&OC$$#_`%EIHL'7Z3RC_P!I5]2_`G]C
MKX>_LY7/VOPOH2P:FT1ADU"XF>>YD4XR-S'"@X&0H`XZ5Y_'G%N19A@GA*3=
M2HG>,DM$_5VT:T=K_@>KX6\!\3Y3F4<?7BJ5)JTXRE=R72RC?5/57:ZKJ8/[
M?_@7QA\5/V?9?"W@NRDO=1\07\%M<XF2%8;9=TKN[L0`N8T4@<G=C!R17@GP
M3_X(S6=F8;OX@>)'O'&&;3M'!CBSZ-.XW,/4*BGT:OK?XX_';PW^SMX&;Q#X
MHNI[73O.6V3R;=YGEE8,50!0<$A6Y;`XZ]*^)_C;_P`%EM6U436G@'P]#I4)
MRJZAJI$]QCU6%3L0_P"\SCVKYOA27$E?!?4\GCR4W)MST6KM]I]DE\*N?8\=
M1X.PV9+,.(9NI544HT[MV2NU[JMNV_C?*S[3^&GP.\"?L]Z/L\.Z%HWAZ'"Q
MR7(4":7)``>9R7?)QC<QY-=M7XD?$/\`:"\:_%?Q'!JWB+Q-JVJ7MK*)[=I9
MB([9P<@QQKA(\'GY5%?=O[./_!7;POXET6TT_P"(D,^@:S&H274;>!IK*Z/3
M>53+QD]QM9>IR!P-.(?#O-J%*.*4WB)N_/:[:[6OK+[K^1CPGXN9#BJ\L"X+
M"TXVY+V47WO9<L.EE=IZZGL7[7G[',/[5VA1VTWBSQ%H;VR_N;:&42:<[CD/
M+!QO8'H=P(KR/_@GI_P3_P!:_9W^*GB'Q%XOBLI;RP7[!HLEO*)(YD<9EN%_
MB7*X0!@#S)QT)^H_A]\6O"_Q7T\W7AKQ!I&N0J`7-E=)*T>?[R@Y4^S`&NAK
MY>'$>:87`U,H;M"6C35FM;NVSUV=[Z'VU3@_),=F=+/XQYJL=5)2O&6EDVM5
M[NZM;7N%%%%?-'V04444`?GI_P`%K?\`D?O`G_8/NO\`T8E?$5?;O_!:W_D?
MO`G_`&#[K_T8E?$5?U1P!_R(,-Z/_P!*D?P[XK?\E7C/6/\`Z1$[_P#9J_:#
MU']F7XFQ^*=*L;+4+V*VDMDBNBWE8?`).T@G@>HKZ';_`(+0>.RC#_A%O"8)
M'!`N./\`R)7QS17IYCPSEF/J^WQE%3E:UW?9?,\3*.,\ZRNA]5R_$.G"[=E;
M=[O5>1WOQ]_:3\6?M*>)H]3\47_VEK=2EM!&HCAME)Z*HXSTR>IQ7!45L^`?
MAWKGQ2\3V^C>'=*O=8U.Y/[NWMHR[8[L>RJ.[$@#N17J4J6'PE!0II0IQ7DD
ME^2/%KU\7C\2ZE5RJ59O?64F_P`VSL_V._AA/\7_`-ICP=HT4;20G48[JZ(&
M0EO"?-D)],JA`)[L/6OO7_@L!_R:?;_]AZU_]%S5J_\`!/C]AS_AEKPY<ZSK
MQM[GQEK40BG\H[X].@R&\A&_B)(4NPX)50,@9:'_`(*N>$]5\9?LOV]GH^F:
MAJMV-<MI#!9V[SR!1'-EMJ@G`R.?>OQ'-.)*&9<587V$KTJ4DD^C=[M^FR^5
M^I_2>2\'8G)^!<<L3!JM6BY./5)*T8OSW;[7MNC\KZT_!?B>;P1XQTG6K>..
M6?2+R&]C23.QVC<.`<<X)7G%==IG[)OQ0U<`P?#OQJRLN\,VC7"*P]BR`'\*
MZC1_^"=WQHUT_N/`>HIR1_I%S;V_09_Y:2+7[%B,WRV,7&M7@D][RBOU/Y[P
MG#^<3FIX;#5&UJK0D]?DCTWQ%_P60^)>J630V.C^$=,=UQYRVTTLB'U7=+M_
M-37S?\6/C)XF^./BM]:\5:Q=:QJ++L5Y<*D2==B(H"HN23A0!DD]37N&B?\`
M!)OXQ:J%\_3M#TS/7[3J<;8XS_RSW_2NRT#_`((O>.KEQ_:GBKPG9*3S]F^T
M7)`X[-''SU[]AZ\?*X3,^$LKDYX:=.+[Q]Y_>KL^YQ^3<?9W!4\;3K3CVE[J
MOWL^57\['QO7UA_P2F_9FO?B3\9H/'%]:D>'?"4C/%)(/ENKW;^[1?7R]PD)
M[$)ZUZ[\//\`@BWH>D:S:W/B7QG>ZU:1,'FLK2P%F)L?P&0R.V,]2`#CH0>:
M^QO!/@?2/AOX8M-%T'3K32M*L4V06UN@1$&<D^Y)R23R222237S/&'B/@ZF#
MG@\KDY2FK.5FDD][7LVVO*RWN?9^'W@_F%',(9AG<5"--J2A=2<I+57Y6THI
MZ[W=K6L?#W_!;>YD\[X;0\B+;J3^S-_HH_0?SKX/BB>XE6.-6=W(5549+$]`
M!7[>_$?X)>$OB_=:;-XH\/:7KSZ09#:"]A$R0^9MW_*?E.=B]0?NBK>B>"O"
M_P`,;!I--TG0/#UK$H#-;6L-I&BCU*@`"O%X=\1Z.5Y72P,:#G.-^J2UDWV;
MZ]CZ3B[P@Q&=YW7S2>*C3ISY;+E<FN6$8N^L5NN^Q^6'[$G[._BW7?VC_!&I
M7/A'Q"-"L=5ANY[V739EM8Q&V\$N5V_>4=Z_6VO.?%W[7GPO\#;AJ7CWPO'(
MF=T45^EQ*N/5(RS?I7?:3JUMKVE6M]93QW-G>Q)/!-&VY)8V`96![@@@CZU\
MOQAGF,S:K3Q6)H.G%*T=[/6[U:5WKT/MO#[AG+LAH5<#@\2JTVU*6L;K2RT3
M=EII?S+%%%%?''Z$%<1^T%^T!H'[-/P\?Q+XC%\U@LZ6R1VD0EFED8,54`E1
MT4\D@<5V]?#_`/P6B^*=M;>#/"?@J*1'O+N\;6;A`?FBCC1XH\^SM))C_KD:
M]_A?*8YEFE'!S3Y9/6W9*[/E>-L]ED^28C,*;2G%>[?5<S:2TZZLYGXJ?\%H
MM6O?-@\&>$K.P3D+=ZM,;B0CU\J/:JGZNPKYY\8_MN?%'XH>(+6;6/%VL2P1
MW"2"RLW%I;OA@0ICB"JW_`LGWKR.NG^"GAR3Q?\`&/PII4,9FDU'5[2W"`9S
MNF4'\,&OZ2PG"V3Y;2E4HT(JR;N]7MW=VOD?QUCN-^(<XKQI8C%2?,TN6+Y8
MZO3W8V3^=S]?_P!JCX%P_M'?`O7?"CR)!<WL0ELIWSMAN8R'C8X_A+#:?]EC
M7XX>._`FK_#/Q;?:%KMA<:;JNG2&*>"9<,I'<=BI'(8<$$$$@U^Z->>?'K]E
MCP/^TEIB0>*M%BNKF!=MO?0L8;RW'HL@Y*\D[6RN><5^(<$<;_V-S8;$1<J,
MG?3>+VNNZ?5?->?]*^)?AK_K$H8S"34,1!6U^&4=TFU=IIMV=GO9]&OQ:HK[
ME^+7_!%_4;/S;CP1XLMKY!DI9ZQ$89`/3SHP58_5%'O7R[\9?V4OB#\`6+>*
M/#-_8VF[:+V,"XM&]/WL99`3V!(/M7[KE7%659C:.%K)R?V7I+[G9OY7/YAS
MS@;/<H3ECL-)17VE[T?_``*-TOG8XC0?$.H>%=6AO]+OKS3;ZW.Z*XM9FAEB
M/JK*00?H:^LOV6O^"L'BCP!JEOI?Q!>7Q/H,C!#?!%&H60_O9&!,H[AOF]&.
M`I^0:*Z\VR+`YE2=+&4U+L^J]'NOZN<.0\3YGDU=5\OJN'=7]U^4H[/\^UC]
MVO#'B;3_`!GX=LM6TJ[AO]-U&%;BVN(FRDR,,AA^%7J^(_\`@C/\8[K6_!_B
M;P1>3/)%HDD>HZ>&.?+CE+"5!Z*'"L!ZR-7VY7\K\0Y/+*\PJX&3ORO1]TU=
M/[GKYG]Q\)<00SO*:.905N=:KM).TEZ76GE8****\4^C,/QA\,O#?Q"\O^W_
M``]H>N>4I1/[0L(KG8IY(&]3@'%<]_PRM\+_`/HF_@+_`,)^T_\`C=?)/_!8
M7XB^(/`WCGP4FB:[K.CI<6%RTJV-[);B4B1,%@C#.,GKZU\<?\-`>//^AV\7
M?^#BX_\`BZ_5N'N`\?CLOIXNCB^2,[Z>]I9M='Y'X7Q;XHY5E>;5L!B<#[24
M&DY>[K>*?6+?6Q^OO_#*WPO_`.B;^`O_``G[3_XW6A_PH'P)_P!"3X1_\$]O
M_P#$5^?G_!+GXL>*?%_[5]G9:MXE\0:I9MIMTY@N]1FGB)"C!VLQ&17Z85\M
MQ1E^-R?&+"5<0YOE3O=K>_GY'VW!.;9;Q!E[Q]#"QIKF<;-1>R3OHEW.:LO@
MQX/TY"MOX3\-0*QR1'ID"@G\%K8T;PUIWAV,II^GV5BAZK;P+$#_`-\@5=HK
MYB>(JSTG)OU;/MJ6$H4W>G!+T205F>+?&NC>`=(.H:[J^F:+8!Q&;F_NDMH0
MQZ+O<@9.#QGM6G7RQ_P6`_Y-/M_^P]:_^BYJ[\DR^..Q]+!R=E.25^USR^)<
MVEE>55\PA'F=.+DD]G8];U3]LWX3Z.'\WXB>$7\O&?(U*.?.<=-A.>O;I6):
M_P#!0GX/:CXALM)M/&4%YJ&HW*6EM%!8W4@DD=PBC<(]HR2.20/>OQ^KKOV?
M_P#DO'@G_L/V/_I1'7[-4\)\NI4I5)UIMI-_96R]&?SK1\=LWKXB%*&'IQ4F
MEKS/=V_F1^M7[3?[67A[]E'1]-O_`!'IWB"[M-4D>&&33K9)5610#L8NZ!6(
M)(R>0K>E?//B#_@M5X7MBW]E>"=>O,?=^UW<5MGK_=\S';\SZ<_4OQ[^"VE?
MM!?"C5_"NKJ!;ZE%B*8+E[28<QRK[JV#[C(/!-?C-\3_`(<:K\(?B!JWAK6H
M#;ZGH]PUO,O\+8Y5U/=64A@>X8&OG?#_`"#(\VHRIXN#=:&ZYFDXO9JUMMG\
MNY]=XK<5<39#B(5<#42P]163Y$VI+=-NZUW6G==#[<\)_P#!:-=7\>Z9!JW@
MR#1_#T\XCO;A-0:ZGMD/'F`"-`0IY(QDC('/7[GTO4[;6]-M[RSGBNK2[C6:
M&:)@R2HPRK*1P0000:_!ZON3_@E?^VM_8EY;_##Q1=G[)=28T"ZE;B"0G)M6
M)_A8\IZ,2O\`$H'J\;^'V'HX3ZYE,.7D^*-V[KNKMNZZ]UZ:^%X:>+&+Q&/_
M`+/SZKS*J_<FTE:7\KLDK2Z=GY/3ZV_;'\+Z_P"*_P!F[Q3#X7U/5=*U^TM3
M>V<VG7+P3R-$1(T09""=Z*RXSR6%?CIK_BK5/%=UY^J:E?ZE-DGS+JX>9LGK
MRQ)K]V:_++_@I1^Q_<_`7XGS^)](M?\`BC_$UPTL1C7Y=/N6^9X&[*I.YD]L
MC^'GC\*<ZH4ZL\NK64I/FB^K=M8W]%=+U/1\=.&\36HT\XP[;C!<LTKV2O>,
MK>K:;].A\R5]U_\`!-+]OW3O#&AV/PW\:W2V4$#&/1M4G?$2*QR+:4G[H!)V
MN3C!VG&!GX4HK]<S[(L-FV$>$Q*TW36Z?1K^M4?@7"W%&,R''QQ^">NTD]I1
MZI_=H^CU/WG1Q(H92&5AD$'((I:_&CX3?MI?$_X)Z?%9>'_%VHPZ?",1V=R$
MNX(U_NHDH8(/9<5V'B#_`(*@?&?7M/:V'B>"Q5U",]IIUNDAXP2&*$J3URN/
M;%?BU;PDS-5.6E5@X]VY)_-6?YL_H[#>/>2RH\U>A4C/LE%KY/F7XI>A^E'[
M0O[2WA7]F?P9)J_B2_1)&4_9+")@UU?/_=C3.<>K'"KW-?D1\?OC=J_[0_Q5
MU3Q7K)5;G4'`B@0YCM85&(XE]E7OW.2>2:Y[Q5XOU7QUK<VIZUJ5_J^HW'^L
MN;R=IY7],LQ)XK.K]-X0X*P^21=1RYZLE9RM9)=DOS?7R/QCC_Q(Q7$DXT5'
MV="#NHWNV]N:3[VV2T5WON%?47_!)KX.S>/_`-I=/$$MN7TSP?;/=/(1\GVB
M16CA7Z\NX_ZYU\V^%/"NH^./$ECH^DVDU_J>I3+;VUO$,O*['``_Q/`ZFOV!
M_8R_9J@_9;^"-EH#/#<:O<N;W5;B,?++<.`"JGJ510J#UVDX&XBN7Q%X@A@,
MLEAHO]Y53BEVB_B?W:+S?DSM\(N%*N:YS#&3C^YH-2;Z.2UC'UOJ_)>:/5ZX
M/X1?M+>"_CEJ^LZ?X;UJWO;_`$&YDMKJV/R2?(VWS4!^_$3T=<CD=#Q7GG_!
M1O\`:5_X9Y^`-U%87!A\1^*-VGZ:4.'A4@>=./38AP".C.E?E+X9\4:EX+UV
MVU/2+^[TS4;-]\%S:RM%+$WJ&!!%?F'"7`#SC`5,74FX:VAV=MVUVZ:=;]K'
M[5Q[XJ1X?S2C@:--5$E>HKV:3^%)]';5W6S6U[K]V:AU#3X-6L9K6Z@AN;:X
M0QRQ2H'212,%64\$$=C7YK?"K_@L-X]\(:>EKXDTG2/%BQ@!;@DV5RW^\R`H
M?P0'KUK>\?\`_!:7Q#K.A2V_ASP7IVA7TBE1=7>H-?\`E9_B5!'&-P[;LC/4
M'I7-/PSSZ%;DC!-?S*2MZZM2_`[*?C/PM4P[J3JR3M\#A*_IHG'_`,FL?/\`
M^W#\,=&^#O[4WBWP_P"'U$6DV<\4L$(;<+?S8(Y6C!]%9R!Z``'FO**N^(O$
M5]XNUZ\U34[N>^U'4)FGN;B9BTDTC')8GU)JE7]&X"A4HX6G1K2YI1BDWW:5
MF_F]3^0<UQ-'$XVMB,/#DA.4G&/\J;;2^2T/LW_@BW:N_P`9_%\P)\N/151A
MVRTZ$?\`H)K]&Z^._P#@CG\(;CPE\'-=\67<!B;Q5=I%:%AR]O;[UWCT!D>0
M>^SZ5W/[2O[:]]X$\<OX.\#Z3!K?B&!=UW/,&D@M/EW,NU2,E5Y9BP5.^<''
M\F^,'%>7Y=FE;%XJ=HIQ@K*[E)+X8I:MWO\`=J?W'X&<*X_%</X;"T(^])2J
M.^BC%R;3;>RM9_,^BZ*^,_"7[?OCKP/J=M/XTTG1]6\/3R^3+=Z4\<CPL<G`
MDBD>(L`"=C8)`ZBOL'0M<M/$VBVFHV$\=U97T*SP3(<K(C#*L/J#7YWPUQAE
MV>*:P;DIPMS1FG&23V=GT?=-GZIG_"V.RAQ>*2<97M*+YHMK=7[KLS\__P#@
MM;_R/W@3_L'W7_HQ*^(J_;;XH_L]>"OC7>6EQXJ\.:=KDU@C1V[W*DF)6()`
MP1U(%<K_`,,&_![_`*$#0?\`OA__`(JOZ,X:\2,#EN64L%5I3<H)W:M;5M]7
MYG\K\9^#^9YQG-?,J%:G&-1JR?-?2*6MHM=#X+_X)+_\G@V7_8+N_P#T`5^J
M%<!\._V6/A[\)O$BZQX;\)Z5I&II&T2W$"L'"MPPY)ZUW]?$<9<04<XQZQ="
M+BN5*SM?1OM?N?I7AWPIB.'LJ>`Q,XRDYN5XWM9I+JEV"BBBODS[P*^6/^"P
M'_)I]O\`]AZU_P#1<U?4]<_\2?A9X>^+_AY=)\3:3:ZSIRS+<"WN`2@D4$!N
M".0&/YUZV19A#`YA1QE1-J$DVEOH>#Q1E-3,\IQ&7T6E*I%Q3>ROWL?AO77?
ML_\`_)>/!/\`V'['_P!*(Z_5[_A@WX/?]"!H/_?#_P#Q56='_8D^%'A_5[6_
MLO`VB6]Y93)<02HC;HI$8,K#YNH(!K]DQ'BQEU2E*FJ,]4U]GJO4_GC!^!&;
MT:\*LL13M%I_:Z._\IZG7QY_P5=_9._X6-X&7XA:);;M:\-P[=2CC7YKNR&3
MO]VBR3_N%O[H%?8=,N+>.Z@>*5$DBD4HZ.,JP/!!!Z@U^-Y'G%;+,;#&4-XO
M5=UU3]5_F?T/Q+P_A\ZRZKEV)VFM'UC);27H_O6FS/P:IT$[VTR21NT<D;!E
M93AE(Y!![&OV+;]@_P"#[L2?`&@9)SQ&P'_H5)_PP;\'O^A`T'_OA_\`XJOV
MK_B+F6_\^9_^2_YG\X?\0#SA;8BE_P"3_P#R)PW_``3F_;/3]I'P#_86N7"_
M\)GX>A47!8_-J<`PJW`_VLX#_P"T0>-V![]X[\!Z/\3?"5[H6O6%OJ>E:C'Y
M<]O,N5<=01W!!P01@@@$$$5R'@?]DCX;_#3Q/;:UH'A'2])U6S+>3<V^]9$W
M*5(SNZ$$@CN#7HU?C6=8S!U,<\5ED94XMW2=DXORLWI?5=MNA_1/#F7YA1RR
M."SJ4:LTN5M7:E'9<RDEK;1[WWZL_+W]KK_@F+XH^"M[>ZUX1AN?$_A,$R!(
MAOO]/3KB1`/G4?WT!X!+!>I^6F4HQ!!!'!![5^\]>7_&/]C+X:?'>X:Y\0^%
MK&34&))OK4M:7+'U9XRI?_@>X5^D9!XK5*4%1S6#G;[4;7^:=D_5->A^/<5>
M!=*O4EB,CJ*G?[$K\O\`V[)7:7DT_5(_&>BOTE\2?\$9/`5_<M)IGB7Q3IR,
MV?+E:&X51SP/D4^G4FLK2_\`@BIX;AES>^.-<N$ST@LHH3CTR2_/OBOMH^)F
M0N/,ZC7ERRO^"M^)^:3\&.*8SY51BUW4XV_%I_@?G?78?![X!^+_`(]Z\-/\
M*:%>ZM*I`EE1=L%OGO)*V$0?4\]LU^DOPU_X)3_"3P#,D][8:IXHN$(8'5;O
M,8/_`%SB"*1[,&KZ#\+^$]+\$:)#INC:;8Z3I]N,16UG`L,4?T50`*^?S?Q:
MPT(N.74G*7>6B^Y.[_`^MR#P&QM2:GG%90A_+#WI/RNURKU]X\)_8J_8`T/]
MEFRCU?4'BUOQK/$5EOMI\FR###1P`\@8X+GYF&?N@E:^AJ**_%<RS/$X_$2Q
M.+FY3?\`5DNB\D?T?DV2X+*L+'!8"FH0CT75]V]VWU;U/B3_`(*:?L6_$'XU
M>,$\8^'KA?$-CI]FMLFB1KY=S:*,EVC!.V4LQ).,/]T`-@5^?>L:+>>'=3FL
MM0M+FQO+9MDL%Q$T4L3>C*P!!^M?N_7(_%'X#>#?C5:K%XJ\-Z3K?EC;'+<0
M#SHAZ+(,.H^A%?H?"_B74RZA#!XNESTXZ)QLI)>FS_!]VS\DXV\&J.;XJIF.
M`K.%6;NU*\HM^3WCZ:KHDD?B+17ZA^+/^"0?PG\07;RV4OBG0@<[8;/4%DB4
M]O\`71R,1_P*L.T_X(P_#U)P9_$WC*6/NJ2VR$_B83_*OT*'BAD<H\SE)>3C
M_DVOQ/R:KX)<30GRQC"2[J>GXI/\#\V*^BOV,/\`@GSXC_:2UFSU?5[>YT7P
M0CAYKR0>7+J"CJEN".<]/,^Z.<;B-M?>7PH_X)X_";X17L-Y9^&(M3U"'E;K
M596O&![$(W[L'W"`U[6JA%````X`':OE,_\`%;VE-T<J@XM_;E:Z]$K_`";?
MR/NN%?`MTJT<1GM122U]G"]G_BDTM.Z2U_F*/A?PQI_@KPY8Z1I5I%8Z;IL"
M6UM;Q#"11J,*H_`=3R:^`;JRN](_:"\<Z9=^8-9E\2PWCJ4/F7UHEVTLJ1H!
MN<L&AE"`$LL7`)P*_0VO*/VAOV/_``O^T1-'>WWVC3-9A01K?VN-\B#.%=3P
MP&>#P1ZXXK^5/$;AG&YS0I5L$U*K2DY<LG;F4HN,E?6TM;IO3>Y_8O`>?83*
M:M2ABERTJD4KQ5^7E::T_ETLTOD?'GQ!UR6\\'7-[>0W]G9W.G26K1ZKYCWM
MW=F>-E02.H\V-`@D4@?NP74X+KN^S?V-M*O=%_9C\(0:@'6X^QM*`ZE2(WE=
MXQC_`'&6O/?AU_P3:\,^&O$<6I>(=8U#Q4T#;H[>>,0P-@\;QN9F`]-P![@C
MBOHY5"*````,`#H*\'PZX.S/`8VIFF:)0DX<BBI*3W3<FU[JV5DK[O;K[/'7
;%.7XS"4\NRYN<5/G<K-+9I)7U>[NW;IN?__9
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
