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			8K
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			<a name="_GoBack"></a><font style="display: inline;">UNITED STATES</font>
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			<font style="display: inline;">SECURITIES AND EXCHANGE COMMISSION </font>
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			<font style="display: inline;font-size:10pt;">WASHINGTON, D.C. 20549 </font>
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			<font style="display: inline;font-size:18pt;">FORM 8-K </font>
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			<font style="display: inline;font-size:10pt;">CURRENT REPORT </font>
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			<font style="display: inline;font-size:10pt;">Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934 </font>
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						<font style="display: inline;font-size:5pt;">31</font></p>
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						<font style="display: inline;font-size:10pt;">Date of Report (Date of Earliest Event Reported): </font></p>
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						<font style="display: inline;font-size:10pt;">January</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">2</font><font style="display: inline;font-size:10pt;">, 201</font><font style="display: inline;font-size:10pt;">9</font></p>
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			<font style="display: inline;font-size:24pt;">BroadVision, Inc. </font>
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			<font style="display: inline;font-size:10pt;">(Exact name of registrant as specified in its charter) </font>
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						<font style="display: inline;font-size:10pt;">Delaware </font></p>
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						<font style="display: inline;font-size:10pt;">1-34205 </font></p>
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						<font style="display: inline;font-size:10pt;">94-3184303 </font></p>
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						<font style="display: inline;font-size:10pt;">_____________________</font></p>
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						<font style="display: inline;font-size:10pt;">(State or other jurisdiction </font></p>
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						<font style="display: inline;font-size:10pt;">(Commission </font></p>
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						<font style="display: inline;font-size:10pt;">(I.R.S. Employer </font></p>
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						<font style="display: inline;font-size:10pt;">of incorporation) </font></p>
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						<font style="display: inline;font-size:10pt;">File Number) </font></p>
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						<font style="display: inline;font-size:10pt;">Identification No.) </font></p>
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						<font style="display: inline;font-size:10pt;">&nbsp; &nbsp;</font></p>
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						<font style="display: inline;font-size:10pt;">460 Seaport Court</font><font style="display: inline;font-size:10pt;">, Suite </font><font style="display: inline;font-size:10pt;">102</font><font style="display: inline;font-size:10pt;">, &nbsp;</font></p>
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						<font style="display: inline;font-size:10pt;">Redwood City, California </font></p>
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						<font style="display: inline;font-size:10pt;">&nbsp; &nbsp;</font></p>
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						<font style="display: inline;font-size:10pt;">94063 </font></p>
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						<font style="display: inline;font-size:10pt;">_________________________________</font></p>
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						<font style="display: inline;font-size:10pt;">(Address of principal executive offices) </font></p>
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						<font style="display: inline;font-size:10pt;">(Zip Code) </font></p>
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						<font style="display: inline;font-size:10pt;">Registrant's telephone number, including area&nbsp;&nbsp;code: </font></p>
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						<font style="display: inline;font-size:10pt;">&nbsp; &nbsp;</font></p>
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						<font style="display: inline;font-size:10pt;">(650) 331-1000</font></p>
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			<font style="display: inline;">&nbsp;</font>
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			<font style="display: inline;font-size:10pt;">______________________________________________</font>
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			<font style="display: inline;font-size:10pt;">Former name or former address, if changed since last report </font>
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			<font style="display: inline;">&nbsp;</font>
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			<font style="display: inline;font-size:10pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:&nbsp;</font>
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			<font style="display: inline;font-size:10pt;">[&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font>
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			<font style="display: inline;font-size:10pt;">[&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font>
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			<font style="display: inline;font-size:10pt;">[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font>
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			<font style="display: inline;">&nbsp;</font>
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		<p style="margin:0pt 0pt 6pt;text-indent:18pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;color:#000000;font-size:10pt;background-color: #FFFFFF;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#xA7;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#xA7;240.12b-2 of this chapter).</font>
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			<font style="display: inline;color:#000000;font-size:10pt;background-color: #FFFFFF;">Emerging growth company&nbsp;&nbsp;[&nbsp;&nbsp;]</font>
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		<p style="margin:0pt 0pt 6pt;text-indent:18pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;color:#000000;font-size:10pt;background-color: #FFFFFF;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.&nbsp;&nbsp;[&nbsp;&nbsp;]</font>
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		<p style="margin:0pt;background-color: #FFFFFF;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;color:#000000;font-size:10pt;">Item 1.01&nbsp;Entry into a Material Definitive Agreement</font>
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			<font style="display: inline;">&nbsp;</font>
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		<p style="margin:0pt;background-color: #FFFFFF;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;color:#000000;font-size:10pt;text-decoration:underline;">Series A </font><font style="display: inline;color:#000000;font-size:10pt;text-decoration:underline;">Preferred Stock Purchase Agreement</font>
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			<font style="display: inline;color:#000000;font-size:10pt;">On</font><font style="display: inline;color:#000000;font-size:10pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">January</font><font style="display: inline;color:#000000;font-size:10pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">2</font><font style="display: inline;color:#000000;font-size:10pt;">, 201</font><font style="display: inline;color:#000000;font-size:10pt;">9</font><font style="display: inline;color:#000000;font-size:10pt;">, &nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">BroadVision, Inc. (the &#x201C;Company&#x201D;) </font><font style="display: inline;color:#000000;font-size:10pt;">entered into a </font><font style="display: inline;color:#000000;font-size:10pt;">Series A Preferred Stock Purchase Agreement</font><font style="display: inline;color:#000000;font-size:10pt;"> with </font><font style="display: inline;color:#000000;font-size:10pt;">Vmoso, Inc.</font><font style="display: inline;color:#000000;font-size:10pt;">, a </font><font style="display: inline;color:#000000;font-size:10pt;">Delaware corporation</font><font style="display: inline;color:#000000;font-size:10pt;"> (&#x201C;</font><font style="display: inline;color:#000000;font-size:10pt;">Vmoso</font><font style="display: inline;color:#000000;font-size:10pt;">&#x201D;)</font><font style="display: inline;color:#000000;font-size:10pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">for the purchase of 745,000 shares of Vm</font><font style="display: inline;color:#000000;font-size:10pt;">oso&#x2019;s Series A Preferred Stock </font><font style="display: inline;color:#000000;font-size:10pt;">for a purchase price comprising the contribution of </font><font style="display: inline;color:#000000;font-size:10pt;">Company </font><font style="display: inline;color:#000000;font-size:10pt;">intellectual property and other assets valued</font><font style="display: inline;color:#000000;font-size:10pt;"> by the Company&#x2019;s Board of Directors</font><font style="display: inline;color:#000000;font-size:10pt;"> at $745,000</font><font style="display: inline;color:#000000;font-size:10pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">(the </font><font style="display: inline;color:#000000;font-size:10pt;">&#x201C;Series A SPA&#x201D;</font><font style="display: inline;color:#000000;font-size:10pt;">)</font><font style="display: inline;color:#000000;font-size:10pt;">.</font><font style="display: inline;color:#000000;font-size:10pt;"> The </font><font style="display: inline;color:#000000;font-size:10pt;">contributed assets represent substantially all of the </font><font style="display: inline;color:#000000;font-size:10pt;">intellectual property and other assets</font><font style="display: inline;color:#000000;font-size:10pt;"> relating to the Company&#x2019;s Clearvale and Vmoso </font><font style="display: inline;color:#000000;font-size:10pt;">platforms, including the current Clearvale and Vmoso products and the My Vmoso Network (</font><font style="display: inline;color:#000000;font-size:10pt;">&#x201C;</font><font style="display: inline;color:#000000;font-size:10pt;">MVN</font><font style="display: inline;color:#000000;font-size:10pt;">&#x201D;</font><font style="display: inline;color:#000000;font-size:10pt;">) development project</font><font style="display: inline;color:#000000;font-size:10pt;">. As previously announced,</font><font style="display: inline;color:#000000;font-size:10pt;"> Vmoso will </font><font style="display: inline;color:#000000;font-size:10pt;">continue the commercialization of the Clearvale and Vmoso products and the development of MVN</font><font style="display: inline;color:#000000;font-size:10pt;">.</font><font style="display: inline;color:#000000;font-size:10pt;"> &nbsp; &nbsp;</font>
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		<p style="margin:0pt;background-color: #FFFFFF;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;color:#000000;font-size:10pt;">&#xFEFF;</font>
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			<font style="display: inline;color:#000000;font-size:10pt;">Following the completion of Vmoso&#x2019;s sale of Class 1 Common Stock described below, the shares of Series A Preferred Stock owned by the Company represent approximately 19.9% </font><font style="display: inline;font-size:10pt;">of the total number of shares of Vmoso&#x2019;s capital stock outstanding</font><font style="display: inline;font-size:10pt;">.</font><font style="display: inline;color:#000000;font-size:10pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">The rights, preferences and privileges of Vmoso&#x2019;s Series A Preferred Stock include a liquidation preference of $1.00 per share.</font>
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			<font style="display: inline;color:#000000;font-size:10pt;">The foregoing is a summary description of the terms and </font><font style="display: inline;color:#000000;font-size:10pt;">conditions of the </font><font style="display: inline;color:#000000;font-size:10pt;">Series A SPA</font><font style="display: inline;color:#000000;font-size:10pt;"> and by its nature is incomplete. It is qualified in its entirety by reference to the </font><font style="display: inline;color:#000000;font-size:10pt;">Series A SPA</font><font style="display: inline;color:#000000;font-size:10pt;">, which is attached as Exhibit 10.</font><font style="display: inline;color:#000000;font-size:10pt;">1</font><font style="display: inline;color:#000000;font-size:10pt;"> to this Form 8-K and incorporated herein by reference.</font>
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			<font style="display: inline;color:#000000;font-size:10pt;">&#xFEFF;</font>
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		<p style="margin:0pt;background-color: #FFFFFF;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;text-decoration:underline;">Class 1 Common Stock Purchase Agreement</font>
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			<font style="display: inline;font-size:10pt;text-decoration:underline;">&#xFEFF;</font>
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			<font style="display: inline;font-size:10pt;">Pursuant to the financing plan announced by the Company in October 2018, on</font><font style="display: inline;font-size:10pt;"> January </font><font style="display: inline;font-size:10pt;">2</font><font style="display: inline;font-size:10pt;">, &nbsp;</font><font style="display: inline;font-size:10pt;">2019</font><font style="display: inline;font-size:10pt;">, &nbsp;</font><font style="display: inline;font-size:10pt;">Dr. Pehong Chen</font><font style="display: inline;font-size:10pt;">, the Company&#x2019;s and Vmoso&#x2019;s President and Chief Executive Officer</font><font style="display: inline;font-size:10pt;"> and the Company&#x2019;s largest stockholder</font><font style="display: inline;font-size:10pt;">,</font><font style="display: inline;font-size:10pt;"> purchased 3,000,000 shares of Vmoso&#x2019;s Class 1 Common Stock, representing approximately 80.1% of the total number of shares of Vmoso&#x2019;s capital stock outstanding after such purchase, for a purchase price of $3,000,000 in cash pursuant to a Class 1 Common Stock Purchase Agreement</font><font style="display: inline;font-size:10pt;"> between Dr. Chen </font><font style="display: inline;font-size:10pt;">and Vmoso</font><font style="display: inline;font-size:10pt;"> (the &#x201C;Common SPA&#x201D;).</font>
		</p>
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			<font style="display: inline;font-size:10pt;">&#xFEFF;</font>
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		<p style="margin:0pt;background-color: #FFFFFF;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">The foregoing is a summary description of the terms and conditions of the </font><font style="display: inline;font-size:10pt;">Common</font><font style="display: inline;font-size:10pt;"> SPA and by its nature is incomplete. It is qualified in its entirety by reference to the </font><font style="display: inline;font-size:10pt;">Common</font><font style="display: inline;font-size:10pt;"> SPA, which is attached as </font><font style="display: inline;font-size:10pt;">Exhibit 10.</font><font style="display: inline;font-size:10pt;">2</font><font style="display: inline;font-size:10pt;"> to this Form 8-K and incorporated herein by reference.</font>
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			<font style="display: inline;font-size:10pt;">&#xFEFF;</font>
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		<p style="margin:0pt;background-color: #FFFFFF;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;color:#000000;font-size:10pt;text-decoration:underline;">Services and Facilities Agreement</font>
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		<p style="margin:0pt;background-color: #FFFFFF;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;color:#000000;font-size:10pt;text-decoration:underline;">&#xFEFF;</font>
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		<p style="margin:0pt;background-color: #FFFFFF;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;color:#000000;font-size:10pt;">On</font><font style="display: inline;color:#000000;font-size:10pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">January</font><font style="display: inline;color:#000000;font-size:10pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">2</font><font style="display: inline;color:#000000;font-size:10pt;">, 201</font><font style="display: inline;color:#000000;font-size:10pt;">9</font><font style="display: inline;color:#000000;font-size:10pt;">, &nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">the Company</font><font style="display: inline;color:#000000;font-size:10pt;"> entered into a </font><font style="display: inline;color:#000000;font-size:10pt;">Services and Facilities Agreement</font><font style="display: inline;color:#000000;font-size:10pt;"> (the </font><font style="display: inline;color:#000000;font-size:10pt;">&#x201C;Intercompany Agreement&#x201D;</font><font style="display: inline;color:#000000;font-size:10pt;">) with </font><font style="display: inline;color:#000000;font-size:10pt;">Vmoso</font><font style="display: inline;color:#000000;font-size:10pt;">,</font><font style="display: inline;color:#000000;font-size:10pt;"> the </font><font style="display: inline;color:#000000;font-size:10pt;">terms of which provide for the</font><font style="display: inline;color:#000000;font-size:10pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">payment of certain fees to the Company by Vmoso, in exchange for the contribution of the Company&#x2019;s expertise, resources, services, as well as the limited use of the Company&#x2019;s </font><font style="display: inline;color:#000000;font-size:10pt;">facilities</font><font style="display: inline;color:#000000;font-size:10pt;"> in Vmoso&#x2019;s</font><font style="display: inline;color:#000000;font-size:10pt;"> business and operations</font><font style="display: inline;color:#000000;font-size:10pt;">. &nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">The </font><font style="display: inline;color:#000000;font-size:10pt;">Intercompany</font><font style="display: inline;color:#000000;font-size:10pt;"> Agreement </font><font style="display: inline;color:#000000;font-size:10pt;">became effective</font><font style="display: inline;color:#000000;font-size:10pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">as of</font><font style="display: inline;color:#000000;font-size:10pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">January</font><font style="display: inline;color:#000000;font-size:10pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">1</font><font style="display: inline;color:#000000;font-size:10pt;">, 2019 and </font><font style="display: inline;color:#000000;font-size:10pt;">shall </font><font style="display: inline;color:#000000;font-size:10pt;">continue for a period of one year, unless earlie</font><font style="display: inline;color:#000000;font-size:10pt;">r terminated, and </font><font style="display: inline;color:#000000;font-size:10pt;">shall be renewable upon written consent from both </font><font style="display: inline;color:#000000;font-size:10pt;">p</font><font style="display: inline;color:#000000;font-size:10pt;">arties</font><font style="display: inline;color:#000000;font-size:10pt;">.</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;color:#000000;font-size:10pt;">&#xFEFF;</font>
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		<p style="margin:0pt;background-color: #FFFFFF;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;color:#000000;font-size:10pt;">The Company and Vmoso anticipate that, pursuant to the Intercompany Agreement, the Company will provide substantially all of the </font><font style="display: inline;color:#000000;font-size:10pt;">personnel, facilities and equipment required for </font><font style="display: inline;color:#000000;font-size:10pt;">Vmoso&#x2019;s operations for the foreseeable future. </font><font style="display: inline;color:#000000;font-size:10pt;">The fees contemplated by the Intercompany Agreement </font><font style="display: inline;color:#000000;font-size:10pt;">are generally intended to permit the Company to recover the cost to it of providing these </font><font style="display: inline;color:#000000;font-size:10pt;">personnel, facilities</font><font style="display: inline;color:#000000;font-size:10pt;">,</font><font style="display: inline;color:#000000;font-size:10pt;"> and equipment</font><font style="display: inline;color:#000000;font-size:10pt;">.</font>
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			<font style="display: inline;color:#000000;font-size:10pt;">&#xFEFF;</font>
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		<p style="margin:0pt;background-color: #FFFFFF;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;color:#000000;font-size:10pt;">The foregoing is a summary description of the terms and conditions of the </font><font style="display: inline;color:#000000;font-size:10pt;">Intercompany</font><font style="display: inline;color:#000000;font-size:10pt;"> Agreement and by its nature is incomplete. It is qualified in its entirety by reference to the </font><font style="display: inline;color:#000000;font-size:10pt;">Intercompany</font><font style="display: inline;color:#000000;font-size:10pt;"> Agreement, which is attached as Exhibit 10.</font><font style="display: inline;color:#000000;font-size:10pt;">3</font><font style="display: inline;color:#000000;font-size:10pt;"> to this Form 8-K and incorporated herein by reference.</font>
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			<font style="display: inline;font-size:10pt;">&#xFEFF;</font>
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		<p style="margin:0pt;background-color: #FFFFFF;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;color:#000000;font-size:10pt;">Item 2.01&nbsp;Completion of Acquisition or Disposition of Assets.</font>
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			<font style="display: inline;font-size:10pt;">&#xFEFF;</font>
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		<p style="margin:0pt;background-color: #FFFFFF;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">The information set forth under Item 1.01 above is hereby incorporated herein by reference.</font>
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			<font style="display: inline;font-size:10pt;">&#xFEFF;</font>
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		<p style="margin:0pt;background-color: #FFFFFF;font-family:Times New Roman;font-size: 10pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;line-height:10pt;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

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</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;background-color: #FFFFFF;font-family:Times New Roman;;font-size: 10pt"><font style="display: inline;font-weight:bold;color:#000000;font-size:10pt;">Item 9.01 &#x2013; Financial Statements &amp; Exhibits</font>
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		<p style="margin:0pt;background-color: #FFFFFF;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
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		<p style="margin:0pt;background-color: #FFFFFF;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;color:#000000;font-size:10pt;">(a)&nbsp;Exhibits</font>
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			<font style="display: inline;font-size:10pt;">&#xFEFF;</font>
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						&nbsp;</p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-weight:bold;font-size:10pt;">Exhibit No.</font></p>
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						&nbsp;</p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-weight:bold;font-size:10pt;">Description</font></p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">10.1</font></p>
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						&nbsp;</p>
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						<a href="bvsn-20190103xex10_1.htm" style="-sec-extract:exhibit"><font style="display: inline;font-size:10pt;">Series A Preferred Stock Purchase Agreement dated January 2, 2019 by and between BroadVision, Inc. and Vmoso, Inc.</font></a></p>
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						&nbsp;</p>
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			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:77.40pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">10.2</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:13.50pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:261.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<a href="bvsn-20190103xex10_2.htm" style="-sec-extract:exhibit"><font style="display: inline;font-size:10pt;">Class 1 Common Stock Purchase Agreement dated January 2, 2019 by and between Dr. Pehong Chen and Vmoso, Inc.</font></a></p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:103.50pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:77.40pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">10.3</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:13.50pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:261.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<a href="bvsn-20190103xex10_3.htm" style="-sec-extract:exhibit"><font style="display: inline;font-size:10pt;">Services and Facilities Agreement dated January 2, 2019, effective as of January 1, 2019, by and between BroadVision, Inc. and Vmoso, Inc.</font></a></p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:103.50pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;line-height:10pt;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;font-family:Times New Roman;;font-size: 10pt"><font style="display: inline;font-size:10pt;"></font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">SIGNATURES </font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">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:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
			<tr style="CellSpacing:0;">
				<td valign="bottom" style="width:15.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size: 5pt">
						<font style="display: inline;font-size:5pt;">31</font></p>
				</td>
				<td valign="bottom" style="width:26.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:03.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:33.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="bottom" style="width:15.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&nbsp; &nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:26.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&nbsp; &nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:03.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&nbsp; &nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&nbsp; &nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:33.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&nbsp; &nbsp;</font></p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:15.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&nbsp; &nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:26.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&nbsp; &nbsp;</font></p>
				</td>
				<td colspan="3" valign="top" style="width:37.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">BroadVision, Inc. </font></p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:15.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&nbsp;&nbsp; </font></p>
				</td>
				<td valign="bottom" style="width:26.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&nbsp; &nbsp;</font></p>
				</td>
				<td valign="top" style="width:03.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&nbsp; &nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&nbsp; &nbsp;</font></p>
				</td>
				<td valign="top" style="width:33.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&nbsp; &nbsp;</font></p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:15.00%;border-bottom:3pt solid #FFFFFF ;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-style:italic;font-size:10pt;">January</font><font style="display: inline;font-style:italic;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">2</font><font style="display: inline;font-style:italic;font-size:10pt;">, 201</font><font style="display: inline;font-style:italic;font-size:10pt;">9</font></p>
				</td>
				<td valign="bottom" style="width:26.00%;border-bottom:3pt solid #FFFFFF ;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&nbsp; &nbsp;</font></p>
				</td>
				<td valign="top" style="width:03.00%;border-bottom:3pt solid #FFFFFF ;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-style:italic;font-size:10pt;">By: </font></p>
				</td>
				<td valign="bottom" style="width:01.00%;border-bottom:3pt solid #FFFFFF ;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&nbsp; &nbsp;</font></p>
				</td>
				<td valign="top" style="width:33.00%;border-bottom:1.5pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-style:italic;font-size:10pt;">/s/ Pehong Chen</font></p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:15.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&nbsp; &nbsp;</font></p>
				</td>
				<td valign="middle" style="width:26.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&nbsp; &nbsp;</font></p>
				</td>
				<td valign="top" style="width:03.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&nbsp; &nbsp;</font></p>
				</td>
				<td valign="middle" style="width:01.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&nbsp; &nbsp;</font></p>
				</td>
				<td valign="top" style="width:33.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:15.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&nbsp; &nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:26.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&nbsp; &nbsp;</font></p>
				</td>
				<td valign="top" style="width:03.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&nbsp; &nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&nbsp; &nbsp;</font></p>
				</td>
				<td valign="top" style="width:33.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-style:italic;font-size:10pt;">Name: Pehong Chen</font></p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:15.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&nbsp; &nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:26.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&nbsp; &nbsp;</font></p>
				</td>
				<td valign="top" style="width:03.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&nbsp; &nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&nbsp; &nbsp;</font></p>
				</td>
				<td valign="top" style="width:33.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-style:italic;font-size:10pt;">Title: </font><font style="display: inline;font-style:italic;color:#000000;font-size:9pt;">Chairman of the Board, President, </font><font style="display: inline;font-style:italic;color:#000000;font-size:9pt;">and </font><font style="display: inline;font-style:italic;color:#000000;font-size:9pt;">Chief Executive Office</font><font style="display: inline;font-style:italic;color:#000000;font-size:9pt;">r</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&#xFEFF;</font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;line-height:10pt;font-family:Times New Roman;font-size: 12pt">

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		</p>

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[{"type": "8-K", "sequence": "1", "filename": "bvsn-20190103x8k.htm", "description": "8-K", "secsgml_size_bytes": 59166}]
{"company-data": {"conformed-name": "BROADVISION INC", "cik": "0000920448", "assigned-sic": "7372", "irs-number": "943184303", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-34205", "film-number": "19505994"}, "business-address": {"street1": "460 SEAPORT CT.", "street2": "SUITE 102", "city": "REDWOOD CITY", "state": "CA", "zip": "94063", "phone": "6503311000"}, "mail-address": {"street1": "460 SEAPORT CT.", "street2": "SUITE 102", "city": "REDWOOD CITY", "state": "CA", "zip": "94063"}}
8K
UNITED STATES
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
31
Date of Report (Date of Earliest Event Reported):
January
2
, 201
9
BroadVision, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
﻿
Delaware
1-34205
94-3184303
_____________________
(State or other jurisdiction
_____________
(Commission
______________
(I.R.S. Employer
of incorporation)
File Number)
Identification No.)
460 Seaport Court
, Suite
102
,
Redwood City, California
94063
_________________________________
(Address of principal executive offices)
___________
(Zip Code)
﻿
﻿
﻿
Registrant's telephone number, including area  code:
(650) 331-1000
______________________________________________
Former name or former address, if changed since last report
﻿
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
﻿
[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company  [  ]
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  [  ]
﻿
﻿
Item 1.01 Entry into a Material Definitive Agreement
Series A
Preferred Stock Purchase Agreement
﻿
On
January
2
, 201
9
,
BroadVision, Inc. (the "Company")
entered into a
Series A Preferred Stock Purchase Agreement
with
Vmoso, Inc.
, a
Delaware corporation
("
Vmoso
")
for the purchase of 745,000 shares of Vm
oso's Series A Preferred Stock
for a purchase price comprising the contribution of
Company
intellectual property and other assets valued
by the Company's Board of Directors
at $745,000
(the
"Series A SPA"
)
.
The
contributed assets represent substantially all of the
intellectual property and other assets
relating to the Company's Clearvale and Vmoso
platforms, including the current Clearvale and Vmoso products and the My Vmoso Network (
"
MVN
"
) development project
. As previously announced,
Vmoso will
continue the commercialization of the Clearvale and Vmoso products and the development of MVN
.
﻿
Following the completion of Vmoso's sale of Class 1 Common Stock described below, the shares of Series A Preferred Stock owned by the Company represent approximately 19.9%
of the total number of shares of Vmoso's capital stock outstanding
.
The rights, preferences and privileges of Vmoso's Series A Preferred Stock include a liquidation preference of $1.00 per share.
﻿
The foregoing is a summary description of the terms and
conditions of the
Series A SPA
and by its nature is incomplete. It is qualified in its entirety by reference to the
Series A SPA
, which is attached as Exhibit 10.
1
to this Form 8-K and incorporated herein by reference.
﻿
Class 1 Common Stock Purchase Agreement
﻿
Pursuant to the financing plan announced by the Company in October 2018, on
January
2
,
2019
,
Dr. Pehong Chen
, the Company's and Vmoso's President and Chief Executive Officer
and the Company's largest stockholder
,
purchased 3,000,000 shares of Vmoso's Class 1 Common Stock, representing approximately 80.1% of the total number of shares of Vmoso's capital stock outstanding after such purchase, for a purchase price of $3,000,000 in cash pursuant to a Class 1 Common Stock Purchase Agreement
between Dr. Chen
and Vmoso
(the "Common SPA").
﻿
The foregoing is a summary description of the terms and conditions of the
Common
SPA and by its nature is incomplete. It is qualified in its entirety by reference to the
Common
SPA, which is attached as
Exhibit 10.
2
to this Form 8-K and incorporated herein by reference.
﻿
Services and Facilities Agreement
﻿
On
January
2
, 201
9
,
the Company
entered into a
Services and Facilities Agreement
(the
"Intercompany Agreement"
) with
Vmoso
,
the
terms of which provide for the
payment of certain fees to the Company by Vmoso, in exchange for the contribution of the Company's expertise, resources, services, as well as the limited use of the Company's
facilities
in Vmoso's
business and operations
.
The
Intercompany
Agreement
became effective
as of
January
1
, 2019 and
shall
continue for a period of one year, unless earlie
r terminated, and
shall be renewable upon written consent from both
p
arties
.
﻿
The Company and Vmoso anticipate that, pursuant to the Intercompany Agreement, the Company will provide substantially all of the
personnel, facilities and equipment required for
Vmoso's operations for the foreseeable future.
The fees contemplated by the Intercompany Agreement
are generally intended to permit the Company to recover the cost to it of providing these
personnel, facilities
,
and equipment
.
﻿
The foregoing is a summary description of the terms and conditions of the
Intercompany
Agreement and by its nature is incomplete. It is qualified in its entirety by reference to the
Intercompany
Agreement, which is attached as Exhibit 10.
3
to this Form 8-K and incorporated herein by reference.
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Item 2.01 Completion of Acquisition or Disposition of Assets.
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The information set forth under Item 1.01 above is hereby incorporated herein by reference.
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Item 9.01 – Financial Statements & Exhibits
(a) Exhibits
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Exhibit No.
Description
10.1
Series A Preferred Stock Purchase Agreement dated January 2, 2019 by and between BroadVision, Inc. and Vmoso, Inc.
10.2
Class 1 Common Stock Purchase Agreement dated January 2, 2019 by and between Dr. Pehong Chen and Vmoso, Inc.
10.3
Services and Facilities Agreement dated January 2, 2019, effective as of January 1, 2019, by and between BroadVision, Inc. and Vmoso, Inc.
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.
31
BroadVision, Inc.
January
2
, 201
9
By:
/s/ Pehong Chen
Name: Pehong Chen
Title:
Chairman of the Board, President,
and
Chief Executive Office
r
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