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  <TITLE>Form 8-K</TITLE>
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  <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="5" COLOR="#000000"><B>SECURITIES
  AND EXCHANGE COMMISSION </B></FONT></P><P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="3" COLOR="#000000"><B>Washington, D.C. 20549 </B></FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT
  SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="5" COLOR="#000000"><B>FORM 8-K </B></FONT></P><P
  STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"
  COLOR="#000000"><B>CURRENT REPORT </B></FONT></P><P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>PURSUANT TO SECTION 13 OR 15(d) OF THE </B></FONT></P><P
  STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>SECURITIES EXCHANGE ACT OF 1934 </B></FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P
  STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Date of Report (Date of earliest event
  reported):&nbsp;&nbsp;February 12, 2003 </FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"
  ALIGN="center"><FONT FACE="Times New Roman" SIZE="6" COLOR="#000000"><B>CLARENT CORPORATION </B></FONT></P><P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">(Exact Name of Registrant as
  Specified in Charter) </FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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  <TD VALIGN="top" ALIGN="center" WIDTH="31%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Delaware</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"> <FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="top" ALIGN="center" WIDTH="31%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">000-26441</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"> <FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="top" ALIGN="center" WIDTH="31%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">77-0433687</FONT></P></TD></TR>
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  <TD COLSPAN="5"><HR SIZE="1" NOSHADE COLOR="#000000"></TD></TR>
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  <TD VALIGN="top" ALIGN="center" WIDTH="31%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">(State or other jurisdiction</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"
  ALIGN="center"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">of incorporation)</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"> <FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="top" ALIGN="center" WIDTH="31%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">(Commission</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"> <FONT
  FACE="Times New Roman" SIZE="2" COLOR="#000000">File Number)</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"> <FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="top" ALIGN="center" WIDTH="31%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">(IRS Employer</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"> <FONT
  FACE="Times New Roman" SIZE="2" COLOR="#000000">Identification No.)</FONT></P></TD></TR>
  </TABLE><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"
  ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">700 Chesapeake Drive </FONT></P><P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Redwood City, California 94063
  </FONT></P><HR WIDTH="35%" SIZE="1" NOSHADE COLOR="#000000"><P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">(Address of principal executive offices) (Zip Code) </FONT></P><P
  STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"
  COLOR="#000000">Registrant&#146;s telephone number, including area code:&nbsp;&nbsp;(650) 306-7511 </FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT
  SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Not Applicable </FONT></P><HR WIDTH="35%" SIZE="1" NOSHADE COLOR="#000000"><P
  STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">(Former name or Former Address, if Changed Since Last Report) </FONT></P>
  
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  <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>Item
  2.&nbsp;&nbsp;&nbsp;&nbsp;Acquisition or Disposition of Assets. </B></FONT></P><P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
  SIZE="2" COLOR="#000000">On February 13, 2003, Clarent Corporation, a Delaware corporation (the &#147;Company&#148;), announced that, on February 12, 2003 (the &#147;Closing Date&#148;), it had completed the sale of substantially all of its business
  assets to Verso Technologies, Inc., a Minnesota corporation (&#147;Verso&#148;), and, in connection therewith, Verso assumed from the Company certain obligations and liabilities relating to such assets (collectively, the &#147;Asset Purchase
  Transaction&#148;), for an aggregate purchase price of $9.8 million in promissory notes from Verso (the &#147;Purchase Price&#148;), all pursuant to that certain Asset Purchase Agreement between the Company and Verso, dated as of December 13, 2002,
  as amended by that certain First Amendment to the Asset Purchase Agreement between the Company and Verso, dated as of February 4, 2003 (as amended, the &#147;Purchase Agreement&#148;). The assets sold in the Asset Purchase Transaction were used by
  the Company to provide Voice over Internet Protocol solutions for next generation networks and enterprise convergent solutions. Prior to the Asset Purchase Transaction, to the Company&#146;s knowledge, neither the Company nor any of its affiliates,
  directors or officers, nor any associate of any such director or officer, had any relationship with Verso, except that Verso may have bought from time to time some of its products from the Company and its subsidiaries in the ordinary course of
  business. </FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">The Purchase Price was determined as a
  result of negotiations between the Company and Verso. Verso paid the Purchase Price by delivering to the Company on the Closing Date: (i) a secured subordinated promissory note in principal amount of $5.0 million made by Verso in favor of the
  Company due February 13, 2004 (the &#147;Primary Promissory Note&#148;); (ii) a secured subordinated promissory note in principal amount of $3.0 million made by Verso in favor of the Company due February 12, 2008 (the &#147;Three Million Dollar
  Promissory Note&#148;); and (iii) an unsecured subordinated promissory note in principal amount of $1.8 million made by Verso in favor of the Company due February 13, 2004 (the &#147;Unsecured Promissory Note&#148;). The Primary Note and the Three
  Million Dollar Note are secured by the assets sold by the Company in the Asset Purchase Transaction. </FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P
  STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">At the time the Company completed the Asset Purchase Transaction, the Company was operating as a debtor in possession under Chapter 11 of
  the United States Bankruptcy Code. The Asset Purchase Transaction was approved by the United States Bankruptcy Court for the Northern District of California, San Francisco Division, through entry of an order. </FONT></P><P
  STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">The foregoing descriptions of the Asset Purchase Transaction,
  the Purchase Agreement, the Primary Promissory Note, the Three Million Dollar Promissory Note, the Unsecured Promissory Note and the announcement made by the Company with respect thereto are qualified in their entirety by reference to the full text
  of the Purchase Agreement, the amendment thereto, the Loan and Security Agreement between the Company and Verso, dated as of February 12, 2003, the Primary Promissory Note, the Three Million Dollar Promissory Note, the Unsecured Promissory Note and
  the Press Release issued by the Company on February 13, 2003 with respect to the Asset Purchase Transaction, which are filed as Exhibits 2.1, 2.2, 99.2, 99.3, 99.4, 99.5 and 99.11 to this Report, respectively, and incorporated herein by reference.
  </FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>Item 7.&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements, Pro
  Forma Financial Information and Exhibits. </B></FONT></P><P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
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  <TD WIDTH="3%" VALIGN="top" ALIGN="left"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">(c)</FONT></TD>
  <TD WIDTH="1%" VALIGN="top"> <FONT SIZE="1">&nbsp;</FONT></TD>
  <TD ALIGN="left" VALIGN="top"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Exhibits </FONT></TD></TR></TABLE><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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  <TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"> <FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>Exhibit&nbsp;Number</B></FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"> <FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="87%"> <P STYLE="margin-top:0px;margin-bottom:0px"> <FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>Description</B></FONT></P></TD></TR>
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  <TD VALIGN="top" ALIGN="center" WIDTH="12%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">2.1</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"> <FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="87%"> <P STYLE="margin-top:0px;margin-bottom:0px"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Asset Purchase Agreement dated as of December 13, 2002, by and between the Company and Verso. (The schedules to the
  Asset Purchase Agreement have been omitted from this Report pursuant to Item 601(b)(2) of Regulation S-K, and the Company agrees to furnish copies of such omitted schedules supplementally to the Securities and Exchange Commission upon request)
  (1)</FONT></P></TD></TR>
  </TABLE><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
  <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">2 </FONT></P>
  
  
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  <TD VALIGN="bottom" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"> <FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>Exhibit&nbsp;Number</B></FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"> <FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="87%"> <P STYLE="margin-top:0px;margin-bottom:0px"> <FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>Description</B></FONT></P></TD></TR>
  
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  <TD VALIGN="top" ALIGN="center" WIDTH="12%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">2.2</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"> <FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="87%"> <P STYLE="margin-top:0px;margin-bottom:0px"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">First Amendment to the Asset Purchase Agreement dated as of February 4, 2003 by and between the Company and Verso.
  (2)</FONT></P></TD></TR>
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  <TD VALIGN="top" ALIGN="center" WIDTH="12%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">99.1</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"> <FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="87%"> <P STYLE="margin-top:0px;margin-bottom:0px"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Subordination Agreement dated February 12, 2003, by and among the Company, Verso and Silicon Valley Bank.
  (3)</FONT></P></TD></TR>
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  <TD VALIGN="top" ALIGN="center" WIDTH="12%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">99.2</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"> <FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="87%"> <P STYLE="margin-top:0px;margin-bottom:0px"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Loan and Security Agreement dated as of February 12, 2003, between the Company and Verso. (4)</FONT></P></TD></TR>
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  <TD VALIGN="top" ALIGN="center" WIDTH="12%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">99.3</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"> <FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="87%"> <P STYLE="margin-top:0px;margin-bottom:0px"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Secured Subordinated Promissory Note in principal amount of $5.0 million made by Verso in favor of the Company dated
  February 12, 2003. (5)</FONT></P></TD></TR>
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  <TD VALIGN="top" ALIGN="center" WIDTH="12%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">99.4</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"> <FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="87%"> <P STYLE="margin-top:0px;margin-bottom:0px"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Secured Subordinated Promissory Note in principal amount of $3.0 million made by Verso in favor of the Company dated
  February 12, 2003. (6)</FONT></P></TD></TR>
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  <TD VALIGN="top" ALIGN="center" WIDTH="12%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">99.5</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"> <FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="87%"> <P STYLE="margin-top:0px;margin-bottom:0px"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Unsecured Subordinated Promissory Note in principal amount of $1.8 million made by Verso in favor of the Company
  dated February 12, 2003. (7)</FONT></P></TD></TR>
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  <TD VALIGN="top" ALIGN="center" WIDTH="12%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">99.6</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"> <FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="87%"> <P STYLE="margin-top:0px;margin-bottom:0px"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Bill of Sale, Assignment and Assumption Agreement dated as of February 12, 2003, by and between the Company and
  Verso. (8)</FONT></P></TD></TR>
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  <TD VALIGN="top" ALIGN="center" WIDTH="12%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">99.7</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"> <FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="87%"> <P STYLE="margin-top:0px;margin-bottom:0px"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Assignment of Patent Rights dated as of February 7, 2003, made by the Company to Verso. (9)</FONT></P></TD></TR>
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  <TD VALIGN="top" ALIGN="center" WIDTH="12%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">99.8</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"> <FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="87%"> <P STYLE="margin-top:0px;margin-bottom:0px"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Assignment of Trademarks dated as of February 12, 2003, by and between the Company and Verso.
  (10)</FONT></P></TD></TR>
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  <TD VALIGN="top" ALIGN="center" WIDTH="12%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">99.9</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"> <FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="87%"> <P STYLE="margin-top:0px;margin-bottom:0px"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Intellectual Property and Security Agreement dated as of February 12, 2003, by and between the Company and Verso.
  (11)</FONT></P></TD></TR>
  <TR>
  <TD HEIGHT="5"></TD></TR>
  <TR>
  <TD VALIGN="top" ALIGN="center" WIDTH="12%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">99.10</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"> <FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="87%"> <P STYLE="margin-top:0px;margin-bottom:0px"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Press Release, dated December 16, 2002. (1)</FONT></P></TD></TR>
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  <TD VALIGN="top" ALIGN="center" WIDTH="12%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">99.11</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"> <FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="87%"> <P STYLE="margin-top:0px;margin-bottom:0px"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Press Release, dated February 13, 2003.</FONT></P></TD></TR>
  </TABLE><HR WIDTH="8%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left"><P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"
  COLOR="#000000">(1)<B></B>&nbsp;&nbsp;&nbsp;&nbsp;Incorporated by reference to the Company&#146;s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 17, 2002. </FONT></P><P
  STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">(2)&nbsp;&nbsp;&nbsp;&nbsp;Incorporated by reference to Exhibit 2.2 filed
  with Verso Technologies, Inc.&#146;s (NASDAQ:VRSO) Form 8-K filed on February 13, 2003 (No. 0-22190). </FONT></P><P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT
  FACE="Times New Roman" SIZE="2" COLOR="#000000">(3)&nbsp;&nbsp;&nbsp;&nbsp;Incorporated by reference to Exhibit 99.5 filed with Verso Technologies, Inc.&#146;s (NASDAQ:VRSO) Form 8-K filed on February 13, 2003 (No. 0-22190). </FONT></P><P
  STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">(4)&nbsp;&nbsp;&nbsp;&nbsp;Incorporated by reference to Exhibit 99.6 filed
  with Verso Technologies, Inc.&#146;s (NASDAQ:VRSO) Form 8-K filed on February 13, 2003 (No. 0-22190). </FONT></P><P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT
  FACE="Times New Roman" SIZE="2" COLOR="#000000">(5)&nbsp;&nbsp;&nbsp;&nbsp;Incorporated by reference to Exhibit 99.7 filed with Verso Technologies, Inc.&#146;s (NASDAQ:VRSO) Form 8-K filed on February 13, 2003 (No. 0-22190). </FONT></P><P
  STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">(6)&nbsp;&nbsp;&nbsp;&nbsp;Incorporated by reference to Exhibit 99.8 filed
  with Verso Technologies, Inc.&#146;s (NASDAQ:VRSO) Form 8-K filed on February 13, 2003 (No. 0-22190). </FONT></P><P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT
  FACE="Times New Roman" SIZE="2" COLOR="#000000">(7)&nbsp;&nbsp;&nbsp;&nbsp;Incorporated by reference to Exhibit 99.9 filed with Verso Technologies, Inc.&#146;s (NASDAQ:VRSO) Form 8-K filed on February 13, 2003 (No. 0-22190). </FONT></P><P
  STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">(8)&nbsp;&nbsp;&nbsp;&nbsp;Incorporated by reference to Exhibit 99.10 filed
  with Verso Technologies, Inc.&#146;s (NASDAQ:VRSO) Form 8-K filed on February 13, 2003 (No. 0-22190). </FONT></P><P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT
  FACE="Times New Roman" SIZE="2" COLOR="#000000">(9)&nbsp;&nbsp;&nbsp;&nbsp;Incorporated by reference to Exhibit 99.11 filed with Verso Technologies, Inc.&#146;s (NASDAQ:VRSO) Form 8-K filed on February 13, 2003 (No. 0-22190). </FONT></P><P
  STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">(10)&nbsp;&nbsp;&nbsp;&nbsp;Incorporated by reference to Exhibit 99.12 filed
  with Verso Technologies, Inc.&#146;s (NASDAQ:VRSO) Form 8-K filed on February 13, 2003 (No. 0-22190). </FONT></P><P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT
  FACE="Times New Roman" SIZE="2" COLOR="#000000">(11)&nbsp;&nbsp;&nbsp;&nbsp;Incorporated by reference to Exhibit 99.13 filed with Verso Technologies, Inc.&#146;s (NASDAQ:VRSO) Form 8-K filed on February 13, 2003 (No. 0-22190).<B></B> </FONT></P><P
  STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
  <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">3 </FONT></P>
  
  
  <p Style='page-break-before:always'>
  <HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
  
  <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>SIGNATURES
  </B></FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Pursuant to the requirements of the
  Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. </FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P
  STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Date:&nbsp;&nbsp;February 14, 2003 </FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><DIV
  STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right">
  <TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="90%" BORDER="0">
  
  <TR>
  <TD> <FONT SIZE="1">&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="3%"> <FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD>
  <TD VALIGN="top" WIDTH="37%"> <P STYLE="margin-top:0px;margin-bottom:0px"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>CLARENT CORPORATION</B></FONT></P></TD></TR>
  <TR>
  <TD HEIGHT="16"></TD></TR>
  <TR>
  <TD> <FONT SIZE="1">&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="3%"> <FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD>
  <TD VALIGN="top" ALIGN="center" WIDTH="37%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">/<SMALL>S</SMALL>/&nbsp;&nbsp;&nbsp;&nbsp;H. M<SMALL>ICHAEL</SMALL> H<SMALL>OGAN</SMALL>
  III&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P></TD></TR>
  <TR>
  <TD> <FONT SIZE="1">&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="3%"> <FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD>
  <TD><HR SIZE="1" NOSHADE COLOR="#000000"></TD></TR>
  <TR>
  <TD> <FONT SIZE="1">&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="3%"> <FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="37%"> <P STYLE="margin-top:0px;margin-bottom:0px"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">H. Michael Hogan III</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"> <FONT FACE="Times New Roman" SIZE="2"
  COLOR="#000000">Chief Financial Officer</FONT></P></TD></TR>
  </TABLE></DIV><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
  <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">4 </FONT></P>
  
  
  <p Style='page-break-before:always'>
  <HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
  
  <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>EXHIBIT
  INDEX </B></FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
  <TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">
  
  <TR>
  <TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"> <FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>Exhibit&nbsp;Number</B></FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"> <FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="87%"> <P STYLE="margin-top:0px;margin-bottom:0px"> <FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>Description</B></FONT></P></TD></TR>
  <TR>
  <TD HEIGHT="5"></TD></TR>
  <TR>
  <TD VALIGN="top" ALIGN="center" WIDTH="12%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">2.1</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"> <FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="87%"> <P STYLE="margin-top:0px;margin-bottom:0px"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Asset Purchase Agreement dated as of December 13, 2002, by and between the Company and Verso. (The schedules to the
  Asset Purchase Agreement have been omitted from this Report pursuant to Item 601(b)(2) of Regulation S-K, and the Company agrees to furnish copies of such omitted schedules supplementally to the Securities and Exchange Commission upon request)
  (1)</FONT></P></TD></TR>
  <TR>
  <TD HEIGHT="5"></TD></TR>
  <TR>
  <TD VALIGN="top" ALIGN="center" WIDTH="12%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">2.2</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"> <FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="87%"> <P STYLE="margin-top:0px;margin-bottom:0px"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">First Amendment to the Asset Purchase Agreement dated as of February 4, 2003 by and between the Company and Verso.
  (2)</FONT></P></TD></TR>
  <TR>
  <TD HEIGHT="5"></TD></TR>
  <TR>
  <TD VALIGN="top" ALIGN="center" WIDTH="12%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">99.1</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"> <FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="87%"> <P STYLE="margin-top:0px;margin-bottom:0px"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Subordination Agreement dated February 12, 2003, by and among the Company, Verso and Silicon Valley Bank.
  (3)</FONT></P></TD></TR>
  <TR>
  <TD HEIGHT="5"></TD></TR>
  <TR>
  <TD VALIGN="top" ALIGN="center" WIDTH="12%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">99.2</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"> <FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="87%"> <P STYLE="margin-top:0px;margin-bottom:0px"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Loan and Security Agreement dated as of February 12, 2003, between the Company and Verso. (4)</FONT></P></TD></TR>
  <TR>
  <TD HEIGHT="5"></TD></TR>
  <TR>
  <TD VALIGN="top" ALIGN="center" WIDTH="12%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">99.3</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"> <FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="87%"> <P STYLE="margin-top:0px;margin-bottom:0px"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Secured Subordinated Promissory Note in principal amount of $5.0 million made by Verso in favor of the Company dated
  February 12, 2003. (5)</FONT></P></TD></TR>
  <TR>
  <TD HEIGHT="5"></TD></TR>
  <TR>
  <TD VALIGN="top" ALIGN="center" WIDTH="12%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">99.4</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"> <FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="87%"> <P STYLE="margin-top:0px;margin-bottom:0px"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Secured Subordinated Promissory Note in principal amount of $3.0 million made by Verso in favor of the Company dated
  February 12, 2003. (6)</FONT></P></TD></TR>
  <TR>
  <TD HEIGHT="5"></TD></TR>
  <TR>
  <TD VALIGN="top" ALIGN="center" WIDTH="12%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">99.5</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"> <FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="87%"> <P STYLE="margin-top:0px;margin-bottom:0px"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Unsecured Subordinated Promissory Note in principal amount of $1.8 million made by Verso in favor of the Company
  dated February 12, 2003. (7)</FONT></P></TD></TR>
  <TR>
  <TD HEIGHT="5"></TD></TR>
  <TR>
  <TD VALIGN="top" ALIGN="center" WIDTH="12%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">99.6</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"> <FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="87%"> <P STYLE="margin-top:0px;margin-bottom:0px"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Bill of Sale, Assignment and Assumption Agreement dated as of February 12, 2003, by and between the Company and
  Verso. (8)</FONT></P></TD></TR>
  <TR>
  <TD HEIGHT="5"></TD></TR>
  <TR>
  <TD VALIGN="top" ALIGN="center" WIDTH="12%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">99.7</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"> <FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="87%"> <P STYLE="margin-top:0px;margin-bottom:0px"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Assignment of Patent Rights dated as of February 7, 2003, made by the Company to Verso. (9)</FONT></P></TD></TR>
  <TR>
  <TD HEIGHT="5"></TD></TR>
  <TR>
  <TD VALIGN="top" ALIGN="center" WIDTH="12%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">99.8</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"> <FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="87%"> <P STYLE="margin-top:0px;margin-bottom:0px"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Assignment of Trademarks dated as of February 12, 2003, by and between the Company and Verso.
  (10)</FONT></P></TD></TR>
  <TR>
  <TD HEIGHT="5"></TD></TR>
  <TR>
  <TD VALIGN="top" ALIGN="center" WIDTH="12%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">99.9</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"> <FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="87%"> <P STYLE="margin-top:0px;margin-bottom:0px"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Intellectual Property and Security Agreement dated as of February 12, 2003, by and between the Company and Verso.
  (11)</FONT></P></TD></TR>
  <TR>
  <TD HEIGHT="5"></TD></TR>
  <TR>
  <TD VALIGN="top" ALIGN="center" WIDTH="12%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">99.10</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"> <FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="87%"> <P STYLE="margin-top:0px;margin-bottom:0px"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Press Release, dated December 16, 2002. (1)</FONT></P></TD></TR>
  <TR>
  <TD HEIGHT="5"></TD></TR>
  <TR>
  <TD VALIGN="top" ALIGN="center" WIDTH="12%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">99.11</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"> <FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="87%"> <P STYLE="margin-top:0px;margin-bottom:0px"> <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Press Release, dated February 13, 2003.</FONT></P></TD></TR>
  </TABLE><HR WIDTH="8%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left"><P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"
  COLOR="#000000">(1)<B></B>&nbsp;&nbsp;&nbsp;&nbsp;Incorporated by reference to the Company&#146;s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 17, 2002. </FONT></P><P
  STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">(2)&nbsp;&nbsp;&nbsp;&nbsp;Incorporated by reference to Exhibit 2.2 filed
  with Verso Technologies, Inc.&#146;s (NASDAQ:VRSO) Form 8-K filed on February 13, 2003 (No. 0-22190). </FONT></P><P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT
  FACE="Times New Roman" SIZE="2" COLOR="#000000">(3)&nbsp;&nbsp;&nbsp;&nbsp;Incorporated by reference to Exhibit 99.5 filed with Verso Technologies, Inc.&#146;s (NASDAQ:VRSO) Form 8-K filed on February 13, 2003 (No. 0-22190). </FONT></P><P
  STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">(4)&nbsp;&nbsp;&nbsp;&nbsp;Incorporated by reference to Exhibit 99.6 filed
  with Verso Technologies, Inc.&#146;s (NASDAQ:VRSO) Form 8-K filed on February 13, 2003 (No. 0-22190). </FONT></P><P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT
  FACE="Times New Roman" SIZE="2" COLOR="#000000">(5)&nbsp;&nbsp;&nbsp;&nbsp;Incorporated by reference to Exhibit 99.7 filed with Verso Technologies, Inc.&#146;s (NASDAQ:VRSO) Form 8-K filed on February 13, 2003 (No. 0-22190). </FONT></P><P
  STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">(6)&nbsp;&nbsp;&nbsp;&nbsp;Incorporated by reference to Exhibit 99.8 filed
  with Verso Technologies, Inc.&#146;s (NASDAQ:VRSO) Form 8-K filed on February 13, 2003 (No. 0-22190). </FONT></P><P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT
  FACE="Times New Roman" SIZE="2" COLOR="#000000">(7)&nbsp;&nbsp;&nbsp;&nbsp;Incorporated by reference to Exhibit 99.9 filed with Verso Technologies, Inc.&#146;s (NASDAQ:VRSO) Form 8-K filed on February 13, 2003 (No. 0-22190). </FONT></P><P
  STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">(8)&nbsp;&nbsp;&nbsp;&nbsp;Incorporated by reference to Exhibit 99.10 filed
  with Verso Technologies, Inc.&#146;s (NASDAQ:VRSO) Form 8-K filed on February 13, 2003 (No. 0-22190). </FONT></P><P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT
  FACE="Times New Roman" SIZE="2" COLOR="#000000">(9)&nbsp;&nbsp;&nbsp;&nbsp;Incorporated by reference to Exhibit 99.11 filed with Verso Technologies, Inc.&#146;s (NASDAQ:VRSO) Form 8-K filed on February 13, 2003 (No. 0-22190). </FONT></P><P
  STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
  <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">5 </FONT></P>
  
  
  <p Style='page-break-before:always'>
  <HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
  
  <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"
  COLOR="#000000">(10)&nbsp;&nbsp;&nbsp;&nbsp;Incorporated by reference to Exhibit 99.12 filed with Verso Technologies, Inc.&#146;s (NASDAQ:VRSO) Form 8-K filed on February 13, 2003 (No. 0-22190). </FONT></P><P
  STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">(11)&nbsp;&nbsp;&nbsp;&nbsp;Incorporated by reference to Exhibit 99.13 filed
  with Verso Technologies, Inc.&#146;s (NASDAQ:VRSO) Form 8-K filed on February 13, 2003 (No. 0-22190).<B></B> </FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
  <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">6 </FONT></P>
  
  </BODY></HTML>
metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "d8k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 40715}]
metadata_filer: {"company-data": {"conformed-name": "CLARENT CORP/DE", "cik": "0001068292", "assigned-sic": "7372", "irs-number": "770433687", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-26441", "film-number": "03566820"}, "business-address": {"street1": "700 CHESAPEAKE DRIVE", "street2": "650-306-7511", "city": "REDWOOD CITY", "state": "CA", "zip": "94063", "phone": "6503067511"}, "mail-address": {"street1": "700 CHESAPEAKE DRIVE", "city": "REDWOOD CITY", "state": "CA", "zip": "94063"}, "former-company": {"former-conformed-name": "CLARENT CORP/CA", "date-changed": "19990324"}}
text: Form 8-K
  SECURITIES
  AND EXCHANGE COMMISSION
  Washington, D.C. 20549
  FORM 8-K
  CURRENT REPORT
  PURSUANT TO SECTION 13 OR 15(d) OF THE
  SECURITIES EXCHANGE ACT OF 1934
  Date of Report (Date of earliest event
  reported):  February 12, 2003
  CLARENT CORPORATION
  (Exact Name of Registrant as
  Specified in Charter)
  Delaware
  000-26441
  77-0433687
  (State or other jurisdiction
  of incorporation)
  (Commission
  File Number)
  (IRS Employer
  Identification No.)
  700 Chesapeake Drive
  Redwood City, California 94063
  (Address of principal executive offices) (Zip Code)
  Registrant's telephone number, including area code:  (650) 306-7511
  Not Applicable
  (Former name or Former Address, if Changed Since Last Report)
  Item
  2.    Acquisition or Disposition of Assets.
  On February 13, 2003, Clarent Corporation, a Delaware corporation (the "Company"), announced that, on February 12, 2003 (the "Closing Date"), it had completed the sale of substantially all of its business
  assets to Verso Technologies, Inc., a Minnesota corporation ("Verso"), and, in connection therewith, Verso assumed from the Company certain obligations and liabilities relating to such assets (collectively, the "Asset Purchase
  Transaction"), for an aggregate purchase price of $9.8 million in promissory notes from Verso (the "Purchase Price"), all pursuant to that certain Asset Purchase Agreement between the Company and Verso, dated as of December 13, 2002,
  as amended by that certain First Amendment to the Asset Purchase Agreement between the Company and Verso, dated as of February 4, 2003 (as amended, the "Purchase Agreement"). The assets sold in the Asset Purchase Transaction were used by
  the Company to provide Voice over Internet Protocol solutions for next generation networks and enterprise convergent solutions. Prior to the Asset Purchase Transaction, to the Company's knowledge, neither the Company nor any of its affiliates,
  directors or officers, nor any associate of any such director or officer, had any relationship with Verso, except that Verso may have bought from time to time some of its products from the Company and its subsidiaries in the ordinary course of
  business.
  The Purchase Price was determined as a
  result of negotiations between the Company and Verso. Verso paid the Purchase Price by delivering to the Company on the Closing Date: (i) a secured subordinated promissory note in principal amount of $5.0 million made by Verso in favor of the
  Company due February 13, 2004 (the "Primary Promissory Note"); (ii) a secured subordinated promissory note in principal amount of $3.0 million made by Verso in favor of the Company due February 12, 2008 (the "Three Million Dollar
  Promissory Note"); and (iii) an unsecured subordinated promissory note in principal amount of $1.8 million made by Verso in favor of the Company due February 13, 2004 (the "Unsecured Promissory Note"). The Primary Note and the Three
  Million Dollar Note are secured by the assets sold by the Company in the Asset Purchase Transaction.
  At the time the Company completed the Asset Purchase Transaction, the Company was operating as a debtor in possession under Chapter 11 of
  the United States Bankruptcy Code. The Asset Purchase Transaction was approved by the United States Bankruptcy Court for the Northern District of California, San Francisco Division, through entry of an order.
  The foregoing descriptions of the Asset Purchase Transaction,
  the Purchase Agreement, the Primary Promissory Note, the Three Million Dollar Promissory Note, the Unsecured Promissory Note and the announcement made by the Company with respect thereto are qualified in their entirety by reference to the full text
  of the Purchase Agreement, the amendment thereto, the Loan and Security Agreement between the Company and Verso, dated as of February 12, 2003, the Primary Promissory Note, the Three Million Dollar Promissory Note, the Unsecured Promissory Note and
  the Press Release issued by the Company on February 13, 2003 with respect to the Asset Purchase Transaction, which are filed as Exhibits 2.1, 2.2, 99.2, 99.3, 99.4, 99.5 and 99.11 to this Report, respectively, and incorporated herein by reference.
  Item 7.    Financial Statements, Pro
  Forma Financial Information and Exhibits.
  (c)
  Exhibits
  Exhibit Number
  Description
  2.1
  Asset Purchase Agreement dated as of December 13, 2002, by and between the Company and Verso. (The schedules to the
  Asset Purchase Agreement have been omitted from this Report pursuant to Item 601(b)(2) of Regulation S-K, and the Company agrees to furnish copies of such omitted schedules supplementally to the Securities and Exchange Commission upon request)
  (1)
  2
  Exhibit Number
  Description
  2.2
  First Amendment to the Asset Purchase Agreement dated as of February 4, 2003 by and between the Company and Verso.
  (2)
  99.1
  Subordination Agreement dated February 12, 2003, by and among the Company, Verso and Silicon Valley Bank.
  (3)
  99.2
  Loan and Security Agreement dated as of February 12, 2003, between the Company and Verso. (4)
  99.3
  Secured Subordinated Promissory Note in principal amount of $5.0 million made by Verso in favor of the Company dated
  February 12, 2003. (5)
  99.4
  Secured Subordinated Promissory Note in principal amount of $3.0 million made by Verso in favor of the Company dated
  February 12, 2003. (6)
  99.5
  Unsecured Subordinated Promissory Note in principal amount of $1.8 million made by Verso in favor of the Company
  dated February 12, 2003. (7)
  99.6
  Bill of Sale, Assignment and Assumption Agreement dated as of February 12, 2003, by and between the Company and
  Verso. (8)
  99.7
  Assignment of Patent Rights dated as of February 7, 2003, made by the Company to Verso. (9)
  99.8
  Assignment of Trademarks dated as of February 12, 2003, by and between the Company and Verso.
  (10)
  99.9
  Intellectual Property and Security Agreement dated as of February 12, 2003, by and between the Company and Verso.
  (11)
  99.10
  Press Release, dated December 16, 2002. (1)
  99.11
  Press Release, dated February 13, 2003.
  (1)
  Incorporated by reference to the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on December 17, 2002.
  (2)    Incorporated by reference to Exhibit 2.2 filed
  with Verso Technologies, Inc.'s (NASDAQ:VRSO) Form 8-K filed on February 13, 2003 (No. 0-22190).
  (3)    Incorporated by reference to Exhibit 99.5 filed with Verso Technologies, Inc.'s (NASDAQ:VRSO) Form 8-K filed on February 13, 2003 (No. 0-22190).
  (4)    Incorporated by reference to Exhibit 99.6 filed
  with Verso Technologies, Inc.'s (NASDAQ:VRSO) Form 8-K filed on February 13, 2003 (No. 0-22190).
  (5)    Incorporated by reference to Exhibit 99.7 filed with Verso Technologies, Inc.'s (NASDAQ:VRSO) Form 8-K filed on February 13, 2003 (No. 0-22190).
  (6)    Incorporated by reference to Exhibit 99.8 filed
  with Verso Technologies, Inc.'s (NASDAQ:VRSO) Form 8-K filed on February 13, 2003 (No. 0-22190).
  (7)    Incorporated by reference to Exhibit 99.9 filed with Verso Technologies, Inc.'s (NASDAQ:VRSO) Form 8-K filed on February 13, 2003 (No. 0-22190).
  (8)    Incorporated by reference to Exhibit 99.10 filed
  with Verso Technologies, Inc.'s (NASDAQ:VRSO) Form 8-K filed on February 13, 2003 (No. 0-22190).
  (9)    Incorporated by reference to Exhibit 99.11 filed with Verso Technologies, Inc.'s (NASDAQ:VRSO) Form 8-K filed on February 13, 2003 (No. 0-22190).
  (10)    Incorporated by reference to Exhibit 99.12 filed
  with Verso Technologies, Inc.'s (NASDAQ:VRSO) Form 8-K filed on February 13, 2003 (No. 0-22190).
  (11)    Incorporated by reference to Exhibit 99.13 filed with Verso Technologies, Inc.'s (NASDAQ:VRSO) Form 8-K filed on February 13, 2003 (No. 0-22190).
  3
  SIGNATURES
  Pursuant to the requirements of the
  Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
  Date:  February 14, 2003
  CLARENT CORPORATION
  /
  S
  /    H. M
  ICHAEL
  H
  OGAN
  III
  H. Michael Hogan III
  Chief Financial Officer
  4
  EXHIBIT
  INDEX
  Exhibit Number
  Description
  2.1
  Asset Purchase Agreement dated as of December 13, 2002, by and between the Company and Verso. (The schedules to the
  Asset Purchase Agreement have been omitted from this Report pursuant to Item 601(b)(2) of Regulation S-K, and the Company agrees to furnish copies of such omitted schedules supplementally to the Securities and Exchange Commission upon request)
  (1)
  2.2
  First Amendment to the Asset Purchase Agreement dated as of February 4, 2003 by and between the Company and Verso.
  (2)
  99.1
  Subordination Agreement dated February 12, 2003, by and among the Company, Verso and Silicon Valley Bank.
  (3)
  99.2
  Loan and Security Agreement dated as of February 12, 2003, between the Company and Verso. (4)
  99.3
  Secured Subordinated Promissory Note in principal amount of $5.0 million made by Verso in favor of the Company dated
  February 12, 2003. (5)
  99.4
  Secured Subordinated Promissory Note in principal amount of $3.0 million made by Verso in favor of the Company dated
  February 12, 2003. (6)
  99.5
  Unsecured Subordinated Promissory Note in principal amount of $1.8 million made by Verso in favor of the Company
  dated February 12, 2003. (7)
  99.6
  Bill of Sale, Assignment and Assumption Agreement dated as of February 12, 2003, by and between the Company and
  Verso. (8)
  99.7
  Assignment of Patent Rights dated as of February 7, 2003, made by the Company to Verso. (9)
  99.8
  Assignment of Trademarks dated as of February 12, 2003, by and between the Company and Verso.
  (10)
  99.9
  Intellectual Property and Security Agreement dated as of February 12, 2003, by and between the Company and Verso.
  (11)
  99.10
  Press Release, dated December 16, 2002. (1)
  99.11
  Press Release, dated February 13, 2003.
  (1)
  Incorporated by reference to the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on December 17, 2002.
  (2)    Incorporated by reference to Exhibit 2.2 filed
  with Verso Technologies, Inc.'s (NASDAQ:VRSO) Form 8-K filed on February 13, 2003 (No. 0-22190).
  (3)    Incorporated by reference to Exhibit 99.5 filed with Verso Technologies, Inc.'s (NASDAQ:VRSO) Form 8-K filed on February 13, 2003 (No. 0-22190).
  (4)    Incorporated by reference to Exhibit 99.6 filed
  with Verso Technologies, Inc.'s (NASDAQ:VRSO) Form 8-K filed on February 13, 2003 (No. 0-22190).
  (5)    Incorporated by reference to Exhibit 99.7 filed with Verso Technologies, Inc.'s (NASDAQ:VRSO) Form 8-K filed on February 13, 2003 (No. 0-22190).
  (6)    Incorporated by reference to Exhibit 99.8 filed
  with Verso Technologies, Inc.'s (NASDAQ:VRSO) Form 8-K filed on February 13, 2003 (No. 0-22190).
  (7)    Incorporated by reference to Exhibit 99.9 filed with Verso Technologies, Inc.'s (NASDAQ:VRSO) Form 8-K filed on February 13, 2003 (No. 0-22190).
  (8)    Incorporated by reference to Exhibit 99.10 filed
  with Verso Technologies, Inc.'s (NASDAQ:VRSO) Form 8-K filed on February 13, 2003 (No. 0-22190).
  (9)    Incorporated by reference to Exhibit 99.11 filed with Verso Technologies, Inc.'s (NASDAQ:VRSO) Form 8-K filed on February 13, 2003 (No. 0-22190).
  5
  (10)    Incorporated by reference to Exhibit 99.12 filed with Verso Technologies, Inc.'s (NASDAQ:VRSO) Form 8-K filed on February 13, 2003 (No. 0-22190).
  (11)    Incorporated by reference to Exhibit 99.13 filed
  with Verso Technologies, Inc.'s (NASDAQ:VRSO) Form 8-K filed on February 13, 2003 (No. 0-22190).
  6