Exhibit 10.2
ASSIGNMENT AND ASSUMPTION AGREEMENT
THIS ASSIGNMENT AND ASSUMPTION (this "ASSIGNMENT") is made as
of May 22, 2006, among Comverse, Inc., a Delaware corporation ("ASSIGNOR"), and
Comverse Ltd., a corporation organized under the laws of Israel ("ASSIGNEE").
PRELIMINARY STATEMENTS
A. Assignor entered into that certain Stock Purchase Agreement
dated as of April 7, 2006 (as amended, the "PURCHASE AGREEMENT") with the
Selling Stockholders named therein pursuant to which Assignor agrees to acquire
up to all of the outstanding capital stock of Netcentrex S.A., a company
organized under the laws of France (the "COMPANY"); and
B. As of the date hereof, Assignor desires to assign to
Assignee, and Assignee desires to acquire from Assignor, Assignor's rights and
obligations under the Purchase Agreement in accordance with the terms thereof.
NOW, THEREFORE, in consideration of the foregoing preliminary
statements and the representations, warranties, covenants and agreements herein
contained, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto, intending to
be legally bound, hereby agree as follows:
1. Assignment. Assignor hereby transfers and assigns to Assignee, and
Assignee hereby acquires from Assignor, all of Assignor's right, title, and
interest in and to its rights and obligations under the Purchase Agreement.
2. Assumption. Assignee hereby accepts the Assignor's rights and
obligations under the Purchase Agreement and agrees to be bound by the terms of,
and assumes all of the obligations of Assignor under, the Purchase Agreement
from and after the date hereof.
3. Governing Law. This Agreement shall be governed by the laws of the
State of New York.
4. Counterparts. This Agreement may be executed in multiple
counterparts.
[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]
IN WITNESS WHEREOF, the undersigned have executed this Assignment as of
the date first above written.
ASSIGNOR:
COMVERSE, INC.
By: /s/ Aver Ronen
-----------------------------------
Name: Aver Ronen
Title: Authorized Signatory
ASSIGNEE:
COMVERSE LTD.
By: /s/ Xxx Xxxxxxx
-----------------------------------
Name: Xxx Xxxxxxx
Title: Chief Financial Officer
