Standstill Exception. Each of the parties acknowledges that the entering into of this Agreement is made pursuant to a written proposal of Vector made under section 5(c)(ii) of the Non-Disclosure Agreement and constitutes the consent of the Board of Directors of Corel to the Transaction, as required under section 5(b) of the Non-Disclosure Agreement. The parties confirm that in all other respects the Non-Disclosure Agreement will remain in full force and effect.
Appears in 2 contracts
Sources: Acquisition Agreement (Corel Corp), Acquisition Agreement (Vector Capital Partners Ii LLC)