Exhibit 10.2
July 17, 2007
To the Board of Directors of Logility, Inc.
| Re: | Notice of Election to Extend Term of Stock Option Agreement |
Gentlemen:
I attach a copy of the Stock Option Agreement dated as of August 7, 1997 between American Software, Inc. and Logility, Inc., which provides a means by which American Software is assured that it will be able to maintain ownership of at least 80% of the common stock of Logility, Inc.
Under that Agreement, American Software, Inc. has the right to extend the initial ten-year term for additional, successive ten-year terms. By this letter, I am giving notice, on behalf of American Software, Inc., that American Software, Inc. is hereby exercising this right to extend the term of the Stock Option Agreement for a period of ten years, so that it will expire August 7, 2017, subject to further extension rights under the terms of the Agreement.
Sincerely,
| /s/ James C. Edenfield |
| James C. Edenfield |
| President & CEO |
JCE: csm
pc: file
attach.
American Software USA, Inc., 470 East Paces Ferry Road, Atlanta, Georgia 30305
BOARD OF DIRECTORS
LOGILITY, INC.
DISTRIBUTION LIST
| James C. Edenfield, President | Dr. John A. White | |
| American Software, Inc. | P.O. Box 4218 | |
| 470 East Paces Ferry Road, N.E. | Fayetteville, AR 72702 | |
| Atlanta, GA 30305 | ||
| J, Michael Edenfield, President | Frederick E. Cooper, Esq. | |
| Logility, Inc. | Chairman | |
| 470 East Paces Ferry Road, N.E. | Cooper Capital, LLC | |
| Atlanta, GA 30305 | 170 West Paces Ferry Road, N.W. | |
| Atlanta, GA 30305 | ||
| Parker H. Petit | ||
| Chairman of the Board | ||
| Matria Healthcare | ||
| 1850 Parkway Place, 12th Floor | ||
| Marietta, GA 30067 | ||
American Software USA, Inc., 470 East Paces Ferry Road, Atlanta, Georgia 30305