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Massachusetts Standstill and Deposition Agreement by Efficient Networks, Inc. and Cabletron Systems, Inc.

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US-EG-9405
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Description

Standstill and Deposition Agreement by Efficient Networks, Inc. and Cabletron Systems, Inc. regarding ownership of voting securities dated December 17, 1999. 19 pages.

The Massachusetts Standstill and Deposition Agreement is a legal contract between Efficient Networks, Inc. and Cable tron Systems, Inc. This agreement outlines certain provisions and restrictions related to the relationship between the two companies. Efficient Networks, Inc. and Cable tron Systems, Inc. are both technology companies based in Massachusetts. They have entered into this agreement to establish a standstill period and deposition procedure to address specific matters between them. A standstill agreement is a common business practice used to temporarily suspend certain actions or measures by one party towards the other. In this situation, Efficient Networks, Inc. and Cable tron Systems, Inc. have agreed to an allotted time frame where they will refrain from taking any further actions such as litigation, hostile takeover attempts, or any other activities that may harm their relationship. The Massachusetts Standstill and Deposition Agreement provides guidelines for the deposition procedure, which is a legal process of taking sworn testimony from witnesses involved in a lawsuit. It outlines the procedures and rules to be followed during a deposition, ensuring a fair and organized process as both companies seek to resolve their disputes. It is important to note that there may be different types or versions of the Massachusetts Standstill and Deposition Agreement by Efficient Networks, Inc. and Cable tron Systems, Inc., as agreements can be tailored to address specific situations or conflicts that may arise between the parties. However, the specific variations or types of this agreement are not explicitly mentioned in the provided context.

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Cabletron Systems Founded1983FounderCraig Benson Robert LevineFateDissolvedSuccessorEnterasys Networks Riverstone Networks Aprisma Management Technologies Global Network Technology ServicesHeadquartersRochester, New Hampshire2 more rows

Robert Levine, president and CEO of Cabletron Systems, Inc.

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Massachusetts Standstill and Deposition Agreement by Efficient Networks, Inc. and Cabletron Systems, Inc.