ESW Capital, LLC entered into an agreement to acquire remaining 75.97% stake in BroadVision, Inc. (NasdaqCM:BVSN) from a group of sellers for $16.8 million on March 27, 2020. Under the terms of transaction, ESW Capital, LLC will acquire remaining 3.84 million shares for $4.375 each plus each of their pro rata share of BroadVision's cash on hand as of the effective date of the plan. ESW Capital shall make a non-refundable deposit to BroadVision pursuant to wire instructions to be provided to ESW Capital in the amount of $1.5 million and in an escrow account and as a condition to the Effective Date of the Plan, ESW Capital shall deliver the cash consideration (net of the Deposit) to BroadVision; provided that if BroadVision exercises its fiduciary out, or BroadVision or Honu breaches this agreement, then BroadVision shall immediately return the deposit to ESW Capital, and pay ESW Capital the additional amounts contemplated of $0.1 million; and if ESW Capital breaches this agreement, then in addition to forfeiting the Deposit, ESW Capital shall also immediately reimburse BroadVision for all of its reasonable out-of-pocket legal, accounting, and professional fees and expenses related to the Restructuring Transaction (including the Chapter 11 Case). BroadVision hereby agrees that, in the event the Plan is not confirmed or does not become effective and ESW Capital has not breached this agreement, BroadVision’s retention of the deposit and ESW Capital’s. The transaction closing is subjected to approval from the court and is expected to close in May 2020. Joshua D. Morse and R. Craig Martin of DLA Piper LLP (US) acted as legal advisor to BroadVision. Trevor R. Hoffmann of Goulston & Storrs and Derek Abbott of Morris, Nichols, Arsht & Tunnell LLP acted as legal advisers to ESW Capital in the transaction. ESW Capital, LLC completed the acquisition of remaining 75.97% stake in BroadVision, Inc. from a group of sellers on May 19, 2020.