**Exhibit 10.25****LOAN MODIFICATION AGREEMENT**This Loan Modification Agreement is entered into as of March 31, 2005 by and between palmOne,Inc. (the “Borrower”) and Silicon Valley Bank (“Bank”).1. DESCRIPTION OF EXISTING OBLIGATIONS: Among other Obligations which may be owing byBorrower to Bank, Borrower is indebted to Bank pursuant to, among other documents, a Loan andSecurity Agreement, dated August 28, 2003 (as may be amended, restated, or otherwise modified fromtime to time, the “Loan Agreement”). The Loan Agreement provides for, among other things, aCommitted Revolving Line in the original principal amount of Thirty Million Dollars ($30,000,000).Defined terms used but not otherwise defined herein shall have the same meanings as set forth inthe Loan Agreement.Hereinafter, all indebtedness owing by Borrower to Bank shall be referred to as the “Obligations.”2. DESCRIPTION OF COLLATERAL. Repayment of the Obligations is secured by the Collateral asdescribed in the Loan Agreement**.**Hereinafter, the above-described security documents and guaranties, together with all otherdocuments securing repayment of the Obligations shall be referred to as the “Security Documents”.Hereinafter, the Security Documents, together with all other documents evidencing or securing theObligations shall be referred to as the “Existing Loan Documents”.3. DESCRIPTION OF CHANGE IN TERMS.A. Modification(s) to Loan Agreement. 1. Subletter (b) of Section 6.3 entitled “Financial Statements,Reports, Certificates” is hereby amended to read as follows:(b) For so long as either (i) the aggregate amount of outstanding Advancesand Letters of Credit, FX Forward Reserve and Cash Management Services,without duplication, exceed $10,000,000 for more than 30 consecutive days or(ii) unrestricted cash and short-term investments for Borrower and itsSubsidiaries is less than $135,000,000, then Borrower will deliver to Bankas soon as available, but no later than 30 days after the last day of eachmonth, a company prepared consolidated balance sheet and income statementcovering Borrower’s consolidated operations during the period certified by aResponsible Officer commensurate with that prepared for Borrower’s executivemanagement, together with a Compliance Certificate. 2. Section 6.7 entitled “Financial Covenant” is hereby amended toread as follows:Borrower will maintain the following as of the last day of each month:Unrestricted Cash plus short-term investments maintained in the UnitedStates in an amount of not less than One Hundred Million Dollars($100,000,000).B. Waiver of Financial Covenant Default(s) 1. Bank hereby waives Borrower’s existing default under the LoanAgreement by virtue of Borrower’s failure to maintain Unrestricted Cash ondeposit in the United States in an amount of not less than $100,000,000 for thefiscal months ended February 25,
 

 
2005 and March 25, 2005. Bank’s waiver of Borrower’s compliance of thiscovenant shall apply only to the foregoing periods. Accordingly, for thefiscal month ending April 29, 2005, Borrower shall be in compliance withthis covenant, as amended herein.Bank’s agreement to waive the above-described default (1) in no way shall bedeemed an agreement by the Bank to waive Borrower’s compliance with theabove-described covenant as of all other dates and (2) shall not limit orimpair the Bank’s right to demand strict performance of this covenant as ofall other dates and (3) shall not limit or impair the Bank’s right to demandstrict performance of all other covenants as of any date.4. CONSISTENT CHANGES. The Existing Loan Documents are hereby amended wherever necessaryto reflect the changes described above.5. NO DEFENSES OF BORROWER. Borrower (and each guarantor and pledgor signing below) agreesthat, as of the date hereof, it has no defenses against paying any of the Obligations.6. CONTINUING VALIDITY. Borrower (and each guarantor and pledgor signing below)understands and agrees that in modifying the existing Indebtedness, Bank is relying upon Borrower’srepresentations, warranties, and agreements, as set forth in the Existing Loan Documents. Exceptas expressly modified pursuant to this Loan Modification Agreement, the terms of the Existing LoanDocuments remain unchanged and in full force and effect. Bank’s agreement to modifications to theexisting Obligations pursuant to this Loan Modification Agreement in no way shall obligate Bank tomake any future modifications to the Obligations. Nothing in this Loan Modification Agreementshall constitute a satisfaction of the Obligations. It is the intention of Bank and Borrower toretain as liable parties all makers and endorsers of Existing Loan Documents, unless the party isexpressly released by Bank in writing. Unless expressly released herein, no maker, endorser, orguarantor will be released by virtue of this Loan Modification Agreement. The terms of thisparagraph apply not only to this Loan Modification Agreement, but also to all subsequent loanmodification agreements.This Loan Modification Agreement is executed as of the date first written above.       **BORROWER:** **BANK:**       **PALMONE, INC.** **SILICON VALLEY BANK**       By: /s/ Andrew J. Brown By: /s/ Heather Hamilton       Name: Andrew J. Brown Name: Heather HamiltonTitle: CFO Title: VP, Silicon Valley Bank